EU

Failing to grasp capitalism

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Good to see that the alarmists have moved the “saving the planet” argument to repairing 5yo washing machines. 35 years ago, repairing a VHS deck was worth the money. A new deck would set one back multiples of the repair. Can one honestly say they would bother repairing a 5yo deck when the replacement is likely to be near as makes no difference the same, if not cheaper than the repair?

Did the BBC think to measure that a brand new washing machine might consume a quarter of the electricity and half the water of a 5yo one? Over 100s or washes it would pay for its own environmental footprint many times over.

Perhaps the regulators trying to gather momentum behind this ‘grand’ proposal  might let the free market determine whether people would bother to repair a broken appliance based on cost. If they felt compelled to revive a 5yo for the cost of a replacement then so be it. Chances are, like flat screen TVs, capitalism will have brought the cost of a like for like new LED 4K to a quarter of what it cost 5 years ago.

Perhaps Brussels can establish an entire building dedicated to subsidized repair jobs. Spend billions in infrastructure to cater to a question no one is asking

The EU regulators are trying to force manufacturers to make appliances last longer. If a consumer wants to buy a cheap Chinese made fridge and run the risk of it dying too soon, why stop them? If another shopper thinks paying 3x for a fancy Made in Japan fridge on the basis it might last longer, why not let them choose?

Going by the EU directive surely car makers should offer 20 year warranties. Although doesn’t it contradict the push to eradicate fossil fuel sales by 2040. Doesn’t forcing child slave labour in Africa to mine the cobalt to go in batteries propose deeper ethical questions?

Ultimately market forces can quickly determine whether repair is feasible. No need to mandate makers to build equipment that consumers aren’t demanding.

Rest assured people! The EU once launched multi year study on whether water rehydrated or not. Instead of accepting it, the EU introduced laws which prosecuted companies that claimed its water products did! Go figure? It’s journalism like this that makes one think they’re all eating Tide pods.

Do Brits really want people like this in control?

EC President Jean-Claude Juncker has managed to find himself drunk again before an African-EU dinner this week. He last embarrassed himself ahead of a NATO dinner where he had to be propped up by those EU member state leaders around him. Poor old Boris Yeltsin would feel outdone by this.

How wonderful that the man who refuses to yield to PM May on Brexit can’t seem to show any leadership in public. Why would Brits want to cede power to unelected bureaucrats like Juncker who take no responsibility in public for their inebriated behaviour? While his term is nearing the end, there is no doubt he’ll retire on a juicy state pension courtesy of member states.

We shouldn’t forget that in July 2016, Mr Juncker sent a letter to all 650 UK MPs claiming the referendum was not a real exercise in democracy and should be disregarded.

No Deal is the absolute best outcome for the Brits. It respects the result of the referendum as it breaks all ties with Brussels. The UK has always been a friend to the continent but the EU is treating the Brits like hostages. Apart from Project Fear it would be fair to say the world’s 5th largest economy will find trading partners soon enough. The auto industry will be the first to ask for a deal with the UK. Others will follow. The EU doesn’t want to lose a big contributor to the coffers.

It was soon after the referendum that we were told the UK economy would collapse. Nothing could be further from the truth. So why pay the Bank of England any mind with its prophecies? Former BoE Governor Mervyn King has publicly stated No Deal will be the best outcome.

Juncker proves again why the Brits should revert to type and be plucky. They just need a leader who is prepared to have a spine and respect the will of 17.4 million voters.

Brexit – Jonathan Pie does it again

Whether you’re a Remainer or Leaver, Jonathan Pie explains in his trademark profanity-laced way why the Brexit deal of UK PM Theresa May is such a dud. What is the point of having a referendum which garners the highest ever voter turn out only to throw it back in the faces of both sides? In what world would a collective constituency want their parliamentarians to vote for a deal that makes everyone worse off? Why did May fold to every EU demand? She should have channeled the leader across the pond as to how to negotiate with Brussels.

Last week the Bank of England (BoE) ditched its independence charter to aid-and-abet the PM by producing a document stating a “No Deal” Brexit would hit UK economic growth by 8%.  What a joke. Would the EU seriously try to stitch up the economy of the second largest car market for German auto makers? It is preposterous in the extreme. Obama threatened in 2016 that the 5th largest economy would be at the back the queue when it came to trade deals. Trump would happily move it to the front. Canada and Australia too…can the BoE honestly come up with credible reasons why the ROW would spurn the UK in unison to get to an 8% slump?

Why only now has the BoE discovered this potential economic apocalypse? After all, the scare stories leading into the referendum about how the UK would plunge into the abyss should “Leave” succeed have simply not manifested. None of it. Why believe it now when its forecasts have been so off reservation? After all it did not advise the HM Treasury not to dump all of its gold at the very bottom.

Yet the Brits aren’t so stupid to see the deal being offered is the only one going. They have heard Minister for European Parliament (MEP) Guy Verhofstadt demand that member states hand over more sovereign powers to the EU. They saw EC President Juncker stagger blind drunk across a NATO stage BEFORE the dinner. There was little doubt in their minds when they checked the ballot square as to what was at stake. A No Deal Brexit is the one that should be pursued. The EU has so many disaffected member states that it is the one that needs to play nice with the UK, not the other way around.

 

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Take this chart, which shows the level of apathy member states have to show up and vote at European Parliamentary elections. Were the Brits so gung-ho to stay in the EU, why have only one-third of Brits ever shown up to express their love and affection for federalism? Is it any surprise that Italy, Spain, France & Greece have shown similar disdain over time as the EU fails to deliver for them? Surely the trend since 1979 has shown the underlying mood of member state constituents about how they value EU membership.

Perhaps Verhofstadt put the Brexit discussion into perspective (from 6:20) – after member states ratified the May plan in 38 minutes (a sure sign it is a great deal for the EU) – when he stated the hope that in the not too distant future, “a new generation of British…decide to come back into the great political European family

Tells us all we need to know. This week will show beyond a doubt about whether the island nation will have the very democracy it has shed so much blood to defend will be protected.

As Baroness Margaret Thatcher said of Europe,

 “During my lifetime most of the problems the world has faced have come, in one fashion or other, from mainland Europe, and the solutions from outside it.”

Brexit – the EU explained by bridges

Many may not be aware of this folly of the EU but it starts with the euro currency itself. All of the bridges that are printed on euro notes do not exist in Europe. The debate was had to put existing bridges on the notes but was rejected for fear of causing offence to EU nations who ‘missed out’ or were on lower denomination bills. Surely if a matter as trivial as this cannot be bridged (no pun intended) what hope has real integration got?

Good to see the English stuck the old war-horse Sir Winston Churchill on their new machine washable GBP5 note with the quote “I have nothing to offer but blood, toil, tears and sweat” . PM Theresa May would do well to heed this.

Begs the question why Baroness Thatcher isn’t due on a note. Perhaps they couldn’t fit

“(A unified) ‘Europe’ is the result of plans. It is, in fact, a classic utopian project, a monument to the vanity of intellectuals, a programme whose inevitable destiny is failure: only the scale of the final damage done is in doubt.”

“What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about programmes of European integration; second, the desire to achieve grand utopian plans often poses a grave threat to freedom; and third, European unity has been tried before, and the outcome was far from happy.”

Not even this was short enough but boy was she so right!

“During my lifetime most of the problems the world has faced have come, in one fashion or other, from mainland Europe, and the solutions from outside it.”

We shouldn’t forget the EU’s Brexit bully Guy Verhofstadt openly said that the problem with member states is they are reluctant to yield sovereign power to the EU. His view was the only way out of the crisis is to cede more power and control to the EU. What a great idea. Give unelected bureaucrats more power to dictate to sovereign nations.

PM Theresa May might do well to build bridges with her own constituents rather than sign a deal which forces one way tolls. At the moment she sings to Verhofstadt’s tune. No doubt if she got her way then she would have a cushy job in Brussels.

Unconditional Surrender

There is absolutely no way on earth that the 17mn who voted ‘Leave’ envisaged a Brexit plan that gave away money, took away voting rights, kept the country tied up in all current and future EU red tape, open borders and laws they’ll have no say over. On every level it’s a lose-lose. May’s plan virtually guarantees Britain will be worse off. No deal would make way more sense.

The UK is the 5th largest economy in the world. It should have been enough reason to negotiate FTA’s with anyone. Obama might have threatened that Brits would go to the back of the line, but who was he fooling? 17mn Brits thought otherwise. The people spoke.

Of course the Remainers will crow about their foresighted wisdom. Leavers will wonder why the Tory party room are prepared to back a deal that just looks so ridiculous. It doesn’t look like a negotiation took place. Unconditional surrenders have come with more  favourable T’s & C’s. If May is such good mates with Trump, why didn’t she take a leaf out of his negotiation tactics with the EU? EC President  Jean-Claude Juncker stumbled on the White House lawn after agreeing to sign an FTA with America in one day. Of course the Europhiles will argue the fine print will overwhelmingly protect EU rights, but the point is May never went into bat for her constituents. She sold her countrymen and women down the Thames.

Boris Johnson correctly summed up,

I really can’t believe it but this Government seems to be on the verge of total surrender. With every day that passes we seem to be getting more craven. We have already agreed to hand over £40bn for nothing – and certainly not a trade deal – in return.

We have agreed to become the punk of Brussels, signing up not just to their existing rulebook but to huge chunks of future regulation – even though we will have no say in drafting that legislation. We have agreed against all promises that the European Court of Justice will have a say in the enforcement of that regulation in the UK.

We have been so feeble in our preparations to leave the EU on WTO terms, and so unnaturally terrified of the consequences (greatly exaggerated by the scaremongers) that we have now said we will remain in the so-called customs union.

Which means that our trade policy will be run by Brussels at least until 2022, and – at this rate – long beyond that date. We will not be able to do free trade deals of any great value. We will not be able to take back control of our tariffs, our borders, our money, our laws. It is not even clear whether we will be able to set our own VAT rates – and yet we will have no one round the table to argue the UK case…”

With any luck, the bill will be blocked by Parliament. Leave Rebel MPs should vote against this travesty and look to file a no confidence motion to boot May. This is not what the people voted for. Regardless of whether people may or may not have changed their minds, everyone knew what was on the table and what the expected  outcomes. The ticket stated clearly in black and white,

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So May’s plan technically keeps the UK in the EU without being a member.  No doubt she has been promised a fat cat advisory role in Brussels when she is turfed, which she surely deserves to be.

We should not overlook the behaviour or Brussels with unruly members in the past. Austria, Poland, Hungary, Greece, Ireland etc. You can take it to the bank that the EU will go out of its way to punish the Brits. Easier to bully the UK which may yet sign  away their own rights as if they were the vanquished army in war.  This isn’t a negotiation but a total capitulation.

So much for protecting democracy and respecting the results of a referendum. Why bother holding it in the first place?

 

Trump mid term victory more probable than not

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Actions not words. Forget all of one’s personal opinions (hatred) of Trump and analyze the facts.  This is a picture of Obama trying to rally Democrats in Nevada this week. Despite the small audience, Obama mentioned himself 92 times in 38 minutes as opposed to talking up the candidate he was there to support. Sounded like a desperate attempt to save his own legacy. The following pictures are of Trump’s rally for Ted Cruz in Houston, Texas.

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Conventional wisdom tells us that the party in opposition tends to get the House in the mid terms. Politics is in such a funk, why would we for one second believe that consensus should be the default in November 2018? How did that work out on 2016?

Ahh yes, but the Democrats have learned from treating the prior election as a coronation for Hillary Clinton. They’ll be out in droves. No doubt they will but after the Kavanaugh debacle in the Senate and over 10,000 strong Honduran caravan surging to the US southern border (the Dems have been eerily quiet over this) it only plays to Trump’s domestic agenda. What many overlook is that ICE records indicate there are  474,000 illegal immigrants still in the queue for processing. Four hundred and seventy four thousand. Think of the costs to process that.

So to the polls? They were wildly inaccurate at the 2016 election. Largely because they are telephone polls to 1,000 people with landlines. Hardly an accurate assessment. Only old folk have landlines now don’t they?

A MSN (left leaning) online poll conducted last month showed 76% of 73,000 would lean Republican in the mid terms. How valuable are polls? Let’s be honest, a Fox poll leaning to conservatives and and a CNN poll swaying to liberals Shouldnt shock anyone. It is the anomaly that should cause us to question a mood as this MSN poll did. Are 73,000 people representative of the 250mn eligible to vote? More than 1,000 would be that is for sure.

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Once again, forget personal dislikes for Trump. If a p*ssy grabbing, racist, xenophobic, bigoted, nationalist silver back Nazi orange buffoon as he is often referred to as can get this many people to a gathering imagine if he had none of the baggage? Potentially less people because there is not as much shock value.

CM has said for ages that the mainstream media is his best ally. The constant one-eyed bias against him only gives more air time. He is a showman. The White House has become  a reality TV program. All the MSM does is feed his exposure. Sadly ratings reflect that he is winning. The media can only tell the public that Trump is the antithesis of the establishment so many times before it wears thin and people tune out.

Then again perhaps it is more telling that the average American doesn’t look to him as a spiritual leader. Or put that another way, the mid terms will be a measure of how successful he has been to date (even if blasted Russian bots meddling in the voting machines are behind it).

If he has genuinely helped put Americans on a better financial footing in their minds that is all that matters to them. Call Stormy ‘Horseface’, slag off Blasey-Ford for her amnesia and bash CNN at a rally for “fake news”. None of it matters. It appears Americans are less likely to be intimidated by thuggery (chasing Republicans out of restaurants or shooting them) of the left than to join their ranks as the #WalkAway campaign has demonstrated.

Trump is the most left field curve ball President in US history.  So unconventional in his diplomacy. He has shown that pushing back can get results. Whether smashing NATO members for failing to execute on  their own self imposed military spending targets, stopping Rocketman testing nukes or getting Juncker to sign an FTA a week after he stumbled blind drunk at a NATO summit there is some method to the madness.

In two weeks time we’ll get a result which will reflect the mood of America. The observation of CM is that the Dems are playing all the same party tricks as the 2016 election albeit at 11.

CM may be well off the reservation on this but those same vibes from Nov 2015 suggest Trump may well upset decades of history. Fake views? Allie Stuckey did a rather amusing parody of the Democrats here.

We’ll know soon enough.

Brexit Doom!?

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What was this narrative that the UK would plunge into the abyss with Brexit!? Something about corporate Britain being all confused and panicked about what to do with respect to the coming slow and painful death? Keep calm and carry on?