Brexit and the flash crash mystery
Posted by seumasach on October 9, 2016
9th October, 2016
Friday’s flash crash may remain a mystery but it should be no mystery that the pound is in freefall and that it could become the focus of hostile trading.
This is not just about Brexit itself but what is behind Brexit. If we want to destroy our own economy by leaving the single market that it is our business. But if we want to use Brexit to turn the UK into a base for hostile operations against our creditors and closest trading partners that is their business.
Incredibly, that is exactly what has happened. We have appointed negotiators who delight in the prospect of the implosion of the EU. Boris Johnson has endorsed Change Britain whose neo-conservative leadership sees the end of the EU as inevitable and desirable. His clowning has taken him as far as putting a good word in for Erdogan regarding EU membership for Turkey. This is our foreign secretary. Liam Fox’s ultra-atlanticist views and his visceral animosity to the EU are well known. Defense secretary Fallon has seen fit to launch the amazing provocation of vetoing EU security arrangements.Much is being made of supposed European hostility towards us but with this crowd it looks more the other way round.
The May government wasted no time at all in reversing our growing ties with China. Obviously we weren’t going to be entering into a strategic partnership with a”security threat”. Wrecking out rapport with our biggest creditor and supplier was simply destructive. You either enter negotiations with your creditors or you wait for the bailiffs to come in. Jumping on the “isolate China” bandwagon only made sense if you were thinking in terms of “taking them out”. The dramatic developments in the USA where the Pentagon has effectively marginalized the White House on foreign policy were our cue to enter into just such a hostile posture towards both Russia and China. So at the first key test of our supposed new-found sovereignty and independence we chose to align ourselves with the Pentagon.
So “Global Britain” now has a hostile stance towards most of the Eurasian land mass. Meaningful negotiations with the EU, Russia or China are precluded. At the same time the dreadful reality of our economic plight cannot be hidden by the massaging of statistics. You only have to walk down any high street to see that Britain’s consumer economy model is dead. We are not a great trading nation. Out deficits and debts only get worse. If we were a business we would have closed down years ago. We are a bankrupt country that has chosen to go down hitting out wildly just so that the military industrial complex can keep itself afloat. We cannot of course afford Trident but will press on with it regardless. Everyone else will have to pay the price. It is an astonishing fact that the opposition of virtually the entire legally operating business community is as vehemently opposed to this whole unfolding scenario as it is marginalized by it. It seems we are to be taught a lesson in where the real power in this country lies.
A few months after the Brexit referendum we have made clear our indifference to our economic future and instead are intent on bringing the world to the brink of WW3. And then we wonder about the “mysterious” sinking of the pound.