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In the immediate wake of the vote by the majority of the British electorate two days ago to withdraw Britain from membership in the European Union superstate, the foreign ministers of the 6 founding members of the EU have publicly demanded that negotiations on Britain's exit must be concluded swiftly.
This sort of pulls the rug out from under what the British expected. They were operating on the assumption of a 2 year window during which the status quo would continue and negotiations could be conducted, as per EU treaty.
To be sure, there is some logic to the EU giving Britain the bum's rush. For one thing, it will greatly shorten the period of uncertainty if Britain's exit is expeditiously. effected. For another thing, the EU bosses are worried about their entire project falling to pieces. The sooner to get Britain out, they figure, the better in terms of shoring up the cohesion of the EU with the remaining 27 member nations.
Meanwhile, the "ratings agency" Moody's wasted no time downgrading Britain's sovereign credit rating to "negative outlook." That will result in the British government having to pay higher interest rates to borrow money from the private market. That in turn will create a ripple effect of higher interest rates throughout the British economy, which will slow economic activity. Thus the "experts" predictions of economic damage from Brexit will be effectuated by the same financial elites that made the prediction!
Moody's is treated as a credible, respectable organization, when in fact it is a criminal organization. It is one of the "rating" agencies that made possible the massive mortgage securities fraud that helped precipitate the global financial crisis beginning in 2008. Banks and a crime gang called Countrywide Financial headed by Angelo Mozilo gave mortgages to people they knew wouldn't be able to repay them, packaged the loans into things called Collateralized Debt Obligations, paid "rating" agencies like Moody's to rate them AAA (i.e. the safest investment grade) when in fact they were high-risk, and billions of dollars of this fraudulent garbage was then sold off to suckers. Moody's and its ilk are not just utterly lacking in ethics and integrity, they are racketeering organizations under U.S. criminal law, the RICO law (Racketeer Influenced and Corrupt Organizations). They should have no credibility whatsoever, but instead the establishment power structure, including "the" media, feign amnesia and report their "ratings" today as if they are coming from trustworthy, neutral, objective outfits. (The U.S. government radio propaganda network NPR, for example, has been informing its listeners hourly of Moody's downgrade of Britain, without mentioning any of this.)
The corrupt financial oligarchy that arrogantly rules the planet is now setting out to punish the British for voting "wrong" on Brexit. What is absent is a political party to oppose the coming assault. The Conservatives obviously are the party of the rich. Meanwhile Labour is no longer interested in actually fighting for the interests of the "lower" classes. A third party, the "Liberal Democrats," is completely opportunistic and unprincipled. Finally there is the United Kingdom Independence Party, UKIP, headed by former commodities trader Nigel Farage. Farage has stated his aims- double the prison population, increase military spending, cut social spending, and of course reduce immigration.
Given that London is an important base of global finance capital, there is no chance of a real defense against the punishment to be meted out for the "wrong" result in the referendum.
U.S. Emperor Obama had to pipe up again, repeating his threat that Britain will be at the "back of the line" for cutting a trade deal with the U.S, while also saying how much he values Britain. He's very skillful at talking out of both sides of his mouth simultaneously. And he reassuringly purred that the oh-so-special relationship with Britain is intact. (Translation: the U.S. will still be using Britain as its Bitch, much as Israel uses the U.S. as its.)
Are you enjoying the interesting times we're living in?
This sort of pulls the rug out from under what the British expected. They were operating on the assumption of a 2 year window during which the status quo would continue and negotiations could be conducted, as per EU treaty.
To be sure, there is some logic to the EU giving Britain the bum's rush. For one thing, it will greatly shorten the period of uncertainty if Britain's exit is expeditiously. effected. For another thing, the EU bosses are worried about their entire project falling to pieces. The sooner to get Britain out, they figure, the better in terms of shoring up the cohesion of the EU with the remaining 27 member nations.
Meanwhile, the "ratings agency" Moody's wasted no time downgrading Britain's sovereign credit rating to "negative outlook." That will result in the British government having to pay higher interest rates to borrow money from the private market. That in turn will create a ripple effect of higher interest rates throughout the British economy, which will slow economic activity. Thus the "experts" predictions of economic damage from Brexit will be effectuated by the same financial elites that made the prediction!
Moody's is treated as a credible, respectable organization, when in fact it is a criminal organization. It is one of the "rating" agencies that made possible the massive mortgage securities fraud that helped precipitate the global financial crisis beginning in 2008. Banks and a crime gang called Countrywide Financial headed by Angelo Mozilo gave mortgages to people they knew wouldn't be able to repay them, packaged the loans into things called Collateralized Debt Obligations, paid "rating" agencies like Moody's to rate them AAA (i.e. the safest investment grade) when in fact they were high-risk, and billions of dollars of this fraudulent garbage was then sold off to suckers. Moody's and its ilk are not just utterly lacking in ethics and integrity, they are racketeering organizations under U.S. criminal law, the RICO law (Racketeer Influenced and Corrupt Organizations). They should have no credibility whatsoever, but instead the establishment power structure, including "the" media, feign amnesia and report their "ratings" today as if they are coming from trustworthy, neutral, objective outfits. (The U.S. government radio propaganda network NPR, for example, has been informing its listeners hourly of Moody's downgrade of Britain, without mentioning any of this.)
The corrupt financial oligarchy that arrogantly rules the planet is now setting out to punish the British for voting "wrong" on Brexit. What is absent is a political party to oppose the coming assault. The Conservatives obviously are the party of the rich. Meanwhile Labour is no longer interested in actually fighting for the interests of the "lower" classes. A third party, the "Liberal Democrats," is completely opportunistic and unprincipled. Finally there is the United Kingdom Independence Party, UKIP, headed by former commodities trader Nigel Farage. Farage has stated his aims- double the prison population, increase military spending, cut social spending, and of course reduce immigration.
Given that London is an important base of global finance capital, there is no chance of a real defense against the punishment to be meted out for the "wrong" result in the referendum.
U.S. Emperor Obama had to pipe up again, repeating his threat that Britain will be at the "back of the line" for cutting a trade deal with the U.S, while also saying how much he values Britain. He's very skillful at talking out of both sides of his mouth simultaneously. And he reassuringly purred that the oh-so-special relationship with Britain is intact. (Translation: the U.S. will still be using Britain as its Bitch, much as Israel uses the U.S. as its.)
Are you enjoying the interesting times we're living in?
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