EU BASICS – your Guide to the UK Referendum on EU Membership

Written on July 18th, 2016 in politics Comments Off

Published on Current Concerns, by Professor Richard A. Werner, D. Phil. (Oxon), July 12, 2016.

Concerning the second question, the dominant issue in the debate has been the question whether there will be a significant negative economic impact on the UK from exiting the EU. Prime Minister David Cameron, together with the heads of the IMF, the OECD and various EU agencies have given dire warnings that economic growth will drop, the fiscal position will deteriorate, the currency will weaken and UK exports will decline precipitously. George Osborne, the chancellor of the exchequer has threatened to cut pensions if pensioners dare to vote for exit. But what are the facts?  

I have been trained in international and monetary economics at the London School of Economics and have a doctorate from the University of Oxford in economics. I have studied such issues for several decades. I have also recently tested, using advanced quantitative techniques, the question of the size of impact on GDP from entry to or exit from the EU or the Eurozone. The conclusion is that this makes no difference to economic growth, and everyone who claims the opposite is not guided by the facts. The reason is that economic growth and national income are almost entirely determined by a factor that is decided at home, namely the amount of bank credit created for productive purposes. This has sadly been very small in the UK in recent decades, thus much greater economic growth is possible as soon as steps are taken to boost bank credit for productive purposes – irrespective of whether the UK stays in the EU or not (although Brexit will make it much easier to take such policy steps). We should also remember that a much smaller economy like Norway – thought more dependent on international trade – fared extremely well after its people rejected EU membership in a referendum in 1995 (which happened against the dire warnings and threats from its cross-party elites, most of its media and the united chorus of the heads of international organisations). Besides, Japan, Korea, Taiwan and China never needed EU membership to move from developing economy status to top industrialised nations within about half a century. The argument of dire economic consequences of Brexit is bogus.

The “Five Presidents’” Report: … //
… Further concentration of power in the EU: … //
… Implemented steadily and stealthily over several decades: … //
… Financial elite in the background: … //
… Strong US support for all this: … //
… Covert US-operations since 1945: … //
… Important results of scientific research: … //
… Hired hands of the US: … //
… EU – the result of: … //
… a major US secret service operation: … //

… Abolition of sovereignty and subordination to US-interests:

A vote to stay in the EU thus is a vote to abolish the United Kingdom as a sovereign state and merge it into the undemocratic United States of Europe which the European elites are building under US tutelage. That the European public – and, it seems, even European politicians – have little or no input in key European decisions can be seen from the increasingly aggressive NATO stance against Russia (Brussels-based NATO being the military arm of the EU, which is overtly under direct US control), and the one-sided sanctions against Russia that the US could simply order the Europeans to implement (causing significant losses in incomes and jobs in Europe, while boosting US business interests). Immigration policies are another case in point. If the US had in the past considered the largely homogeneous European populations a source of potential European resistance against its plans for Europe, then the policy to replace them with balkanised failed “melting pots” also makes sense.

Norway voted in 1995 on EU membership. Leading parties were all in favour. Big business and central banks, major media outlets and the talking heads on TV were frantically bullying and cajoling the Norwegian public to vote “in”. The people remained steadfast and voted “out”. Norway did splendidly. And so much more will the UK.

(full long text).

(my comment: notwithstanding, our worldwide financial gangsters at the head of their network can always artificially begin a crash, in order to submit us definitively, even WITH an Universal Basic Income – Heidi).

Links:

Turkey’s Got a Coup Problem, 2.37 min, uploaded by Hotmovie, July 16, 2016;

Turkey coup plotter’ Gulen: failed uprising could have been ‘staged’ by Erdogan himself, on RT, July 16, 2016 – (to cleanse the army, so what is the next coup)?

Terms of Surrender, on The Portal, the Intelligence Hub for the Victory of Light, July 14, 2016: there are Cabal surrender negotiations taking place behind the scenes, and the general population has a right to know what is going on and to communicate their perspective. So here I am putting the terms of surrender for public review and discussion …; (… so, let’s watch the result …);

Enemy Image Russia, on Current Concerns, Interview with Hannes Hofbauer, Vienna, July 12, 2016: current situations can be better understood if the history of the respective developments is explained;

Washington, the War Criminal Capital of the World is Driving the World to Nuclear War, on Global Research.ca, by Dr. Paul Craig Roberts, July 12, 2016, on en.wikipedia; /External Links;

The Most Important US Air Force Base You’ve Never Heard Of, on The Nation, by Norman Solomon, July 7, 2016: Ramstein, Germany, is the hub for America’s global drone war, from North Africa to South Asia;

Dave Hodges on the coming three prong invasion of the United States, 25.51 min, uploaded by IJ, June 20, 2016 … something to consider with all of the military movement. Whether it’s natural disasters, world war, or both… we can be sure all decisions are being made for us & the global consolidation of power will continue;

New docs confirm CIA had rendition flight lurking in Europe to catch Snowden, on RT, Jan 28, 2016;

Why US and Israel wants to ban this video, 59.27 min, uploaded by Suhail Muzaffar, July 18, 2014 … this nice Jewish American speaks truth about her experience in occupied Palestine … It will make you cry …;

… and this:

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