Thursday, 29 October 2015

US Bullshit means EU Exit is right for the UK

There is no great inbalance in trade between the UK and the US - imports/ exports have been running fairly equally at around $57 / $58 bn annually. The web has even opened up a direct retail link across the Atlantic; the magic of Paypal and intense competition in postal / courier costs. Far more significant is direct investment in eachother's economies by the global corporates; a million workers in the US are employed by UK-HQ global corporates, and a million in the UK by US-HQ global corporates. It is this relationship, together with the advantages that TTIP will give the big global players over the small, local players, that is driving US corporate scare-mongering over British exit. We are, as we have long been, an aircraft carrier moored off mainland Europe that is useful for establishing global trade hegemony.  

Remember, the louder that the US howls that leaving the EU will be bad for the UK, the more you can be sure that it will be good for the UK but bad for US trade interests. It is even more absurd that the US would not conclude a trade deal with the UK, the world's fifth largest economy, when China are more than eager to replace any reduction in US-UK trade. They are currently about equal, each having about 8% of our import value.  

The Telegraph's Matthew Holehouse in Brussels may be gulled by US trade bod Michael Froman's briefing but remember that this is the paper that employs Con Coughlin - renowned throughout Fleet Street for credulity and gullibility. Froman has also done well from his relationship with the global corporates - half a million dollars hidden in a secret Cayman Islands account was found at his appointment hearing.  

So take comfort from Holehouse's daft panic and Froman's lunatic threats - they mean the UK will do well from EU exit. 

Update 18.30 
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My oh my! The Septics are ramping up the scare stories - Using the Telegraph again to channel the spin from tame US ratings agency S&P that claims 'UK could have AAA status downgraded if it leaves EU'. What wonderful prescience! And how kind of them to warn us of the danger! To know exactly what the UK's rating will be in four years time, what the ratings of the other EU nations will be and what America's own rating will be! Why oh why didn't we follow the sage advice of these prophets in 2008? Um ... oh. You mean it was the same S&P that rated Fannie Mae and Freddie Mac, US junk mortgage lenders, as financially sound just before they both collapsed, triggering the great plunge?

Perhaps we should treat S&P's Cassandra warning as just more lying politically motivated hype from across the pond from the US global corporates as that above. Get ready for more crap as the referendum nears - and remember, the louder they whine, the more the UK will benefit from Exit.

8 comments:

Anonymous said...

So take comfort from Holehouse's daft panic and Froman's lunatic threats - they mean the UK will do well from EU exit. /quote

"Do well" - we'll do better than that, it'll be an fucking bonanza for the UK and everybody and including that purblind fuqwit Cameron knows it.
Evidently, that's why they're panicking - plus Muslim-in-Chief BamBam and his Goldman Sachs rectal inspectors and nasal crack investigators, the Westminster surrender monkeys all constructors of their Internationalist wet dream of OWG. Forsooth they cry, OWG is not best served by a UK mutiny and escape from the Brussels slaver.

So bring it on.

Lets get out, we need to get out - for its very existence, for the welfare and good of the nation its people and security - and before it is too late!
Less we need reminding, what with, the ONS telling us that, UK population will rise to 74 million [whatevah!] by 2027 and here's me thinking its [UK population figures] already knocking on the door of 70+ million. YES, SEVENTY MILLION NOW FOR FFS, IN THE SCRIPT FOR SOCIAL ENGINEERING to use their buzz word 'sustainability' - because it ain't sustainable - is it?

SOMEONE, SOME POLITICIAN NEEDS TO START TO ASK THE QUESTION.

HOW IT IS, THAT, IN ANY IMAGINING - THIS MASS MOVEMENT OF PEOPLES BE SUSTAINABLE? AS IT IS NOW, WE CANNOT CATER FOR AND DEAL WITH THE INUNDATION, SCHOOLS, HOSPITALS, CITIES ARE STRAPPED AND OVERRUN. LET ME PUT TRANSLATE THAT FOR THE HARD OF HEARING - BRITAIN CANNOT COPE WITH EVER INCREASING NUMBERS OF IMPERFECT HUMANITY; OF ILLITERATE, AGED, INFIRM, DISEASED, MILLIONS HAVE COME AND MORE ON THE WAY PARTICULARLY, THOSE FILLED WITH AN INIMICAL HATRED OF ALL THINGS 'WESTERN TRADITION'.
ABSOLUTELY: WE NEED TO STOP THE TRAIN AND BETTER YET - TO PULL UP THE TRACKS.

Cascadian said...

Obama already told the camoron he HAS to stay in the EU. What do you expect?

The camoron will do what he is told to do.

BTW: Fitch and Moody's, the two other big ratings agencies, already cut the UK to AA+ and AA1 respectively. S&P is just recognizing reality.

Raedwald said...

Cascadian - AA+ is the same as Canada and substantially better than the A- they rate the USA at .....

Dave_G said...

The more likely the referendum is going to result in 'out' the less likely we are to have that referendum.

'Something' will crop up - even if it means throwing Cameron to the dogs - 'they' simply will not countenance anything that detracts from 'the plan'.

Cascadian said...

Raedwald-you are correct. I was trying to point out that S&P was the anomally, and in the course of things they are reviewed regularly based on economic performance.
It remains to be seen if leaving EU is beneficial or not, though I tend to think leaving would be economically beneficial to UK.
The US trade official only stated the obvious, if you do not have a negotiated agreement then the tariffs for EU could not apply to UK/USA trade.
The biggest encumberance to the UK leaving EU seems to me to be the camoron.

Cuffleyburgers said...

Unfortunately the biggest obstruction to winning the out referendum is the natural conservatism of people.

Most people can't be arsed to think things through for themselves and go along with whatever bullshit is pumped out by the MSM.

As the media nowadays is fine for reading about celebrity sexchanges, their holiday plans and football matches but is good for precious little else except government press releases, the level of information among a majority of th epopulace is low.

And so even though we expend time and passion on trying to persuade people in the end we are preaching generally to the converted. The majority will follow whatever line is churned out by the BBC on the day.

That is why I am pessimistic, and it seem much more likely that the EU will collapse in acrimony before we summon up the courage to tell Junker and Co to f@ck off.

DeeDee99 said...

The USA and IN campaign are trying to ramp up the fear factor because the polls are now level and the momentum is with LEAVE.

The BSE campaign is woeful and the EU's abject failure in dealing with the millions of Muslim economic migrants/parasites flooding into the EU is far more effective for LEAVE than anything the BSE campaign can do to promote IN.

The scaremongers should be ignored.

Cuffleyburgers said...

The fearmongers should be ignored - you are correct, but that won't happen. We will almost certainly lose the referendum. The only possible cause for optimism is the almighty horlicks the eu is making of the migrant crisis and the diastray euroland both issues showing the eu in its true colours ie fundamentally incompetent and utterly antidemocratic.

ButvI wouldn't bet on it.