Five Things To Know About New U.K. Prime Minister Theresa May

https://i0.wp.com/s.newsweek.com/sites/www.newsweek.com/files/styles/full/public/2014/12/08/theresa-may.jpg

Britain’s Home Secretary Theresa May arrives for a meeting at Number 10 Downing Street in London September 1, 2014. May is to be Britain’s next Prime Minister. Luke MacGregor/Reuters

 

It is all over, then. In the great Shakespearean tragedy that was Brexit, virtually every player is dead on the stage bleeding from multiple stab wounds. Mostly in the back.

There is only one woman left standing: Theresa May, the Home Secretary who will now take over from Cameron as Britain’s second Prime Minister in history. Cameron confirmed her expected succession on Monday after Andrea Leadsom, May’s only rival in the race for leadership of the Conservative party, pulled out of the contest.

So who is May, and what will her premiership be like? Below are five things you need to know; Continue reading

The European Union: Government by Deception

I stumbled upon an article by Day of the Jackal author Frederick Forsyth, published last week in the Daily Express, that I think every Briton and European and everyone else should read. Forsyth doesn’t delve into the American pressure to form a European Union as a counterweight to the Soviet Union, he sticks with ‘founding father’ Jean Monnet and his reasoning behind the particular shape the Union took. And that is bad enough.

All Forsyth has to do is to quote from Monnet’s work, and I have to admit that while reading it I increasingly got the feeling that it’s quite remarkable that no-one, especially no journalist, does this. It’s there for everyone to see, but that means little if and when no-one actually sees it.

I have repeatedly talked about how the very structure of the EU self-selects for sociopaths and/or worse, but perhaps not enough about how that was deliberately built into the design. A feature not a flaw. Continue reading

China declares economic WAR on Britain: Now Beijing imposes killer tax on OUR steel

CHINA has declared economic war on Britain by slapping a hugely punitive tax on high grade steel produced in South Wales.

Beijing has imposed a killer 46% levy on the high tech metal amid accusations that its deliberate over-production of steel is strangling UK production.

Chinese ministers announced the huge tax will be imposed on British exports of sophisticated “grain oriented electrical steel” which is produced in South Wales. Continue reading

FINANCIAL WARNING: More TURMOIL expected as Chinese markets MELTDOWN to continue

The FTSE 100 bounced back into the green at the open, and above the 6,000 mark, before falling back to hover at around 5961 by late moring.

It follows a catastrophic day yesterday when the index measuring the value of Britain’s largest companies shed billions of pounds in value and closed down by almost two per cent, after China’s stock markets plunged seven per cent and closed for the second time in a week.

The losses came amid a stark warning by the Chancellor over the threat to the economy.

Continue reading

Britain Warns Germany Against Europe Split Over Currency Union

Frau Merkel dropped a big hint three years ago that she has no problem with a two-speed Europe, and even endorses the idea. This yet another signal that the greatest heist of all time is well under way.

 

UK Chancellor George Osborne has warned his German counterpart Wolfgang Schäuble that the European Union is in danger of splitting into two, with those in the Eurozone exerting authority over those countries who are not part of the Eurozone.

The news comes as German Chancellor Angela Merkel admitted there was no longer a “one speed Europe”.

Osborne has made it clear he believes there is a genuine possibility that the 19 countries currently in the Eurozone will exert undue influence over those member states — such as the UK, Denmark and Hungary, among others — which are not part of the euro single currency. In outlining his demands for “legal guarantees” as part of renegotiating Britain’s membership of the European Union. Continue reading

Britain to be China’s ‘bridge’ into western markets, says George Osborne

People’s Bank of China to begin issuing short-term renminbi denominated debt in London ‘in the near future’

China’s central bank will start to issue short-term debt in London, the Chancellor announced on Monday at the end of high-level talks with Chinese leaders.

In the first such move outside the country, George Osborne said the People’s Bank of China’s decision to issue renminbi bonds in London would “cement” the capital’s position as “China’s bridge into Western financial markets”.

Continue reading

Greece escapes default to the ECB after emergency cash from the UK-funded EFSM

Now the inevitable has been delayed again as a loan was taken out to repay another loan. Essentially, the can got kicked down the proverbial road yet again, just in another direction.

 

Greece has narrowly escaped defaulting to the European Central Bank after it received an emergency bridge loan of €7.16 billion from the European Union. Continue reading

Germany plans for exit from eurozone of Greek ‘clowns’

London:  Germany has disclosed that it is making contingency plans for Greece to leave the euro as “make or break talks” are expected to end without agreement.

Wolfgang Schaeuble, Germany’s finance minister, said he was not hopeful that Greece and its creditors would reach agreement on the release of new bail-out funds.

With Greece set to default on a US$1.1 billion ($1.4 billion) debt repayment, Mr Schaeuble said that Angela Merkel’s government was making emergency plans for the country’s exit from the eurozone. Continue reading

Claims to Western Superiority

ELMAU/MOSCOW (Own report) – On the occasion of the G7 summit in Elmau, Bavaria, German government advisors are discussing the significance of the cohesion among the leading western powers. For quite a while, the G7 and G8 have been a sort of global policy “steering committee,” according to a recent analysis published by the German Council on Foreign Relations (DGAP). For the first time in 2008, the global financial crisis compelled the G8 to include other industrial and emerging countries in global consultations in the framework of the G20. By setting the agenda for the G20, the G7 seeks to safeguard its “leadership role” in global policy. At the same time, in Berlin one hears that Russia’s exclusion cannot be permanently advantageous. Since its exclusion, Moscow has become even more engaged in the BRICS alliance. Commenting on BRICS’ aims, experts write that its members are striving to “pit their collective political clout against the North’s claims of its superiority.” In a few weeks, BRICS will decide on operative steps in establishing a New Development Bank. As an alternative to the World Bank, it should become operational by the end of the year. Steps are also planned to undermine the US Dollar’s hegemony.

Continue reading

Greece: Greenspan predicts exit from euro inevitable

Earlier, UK Chancellor George Osborne said a Greek exit would cause “deep ructions” for Britain.

Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: “I believe [Greece] will eventually leave. I don’t think it helps them or the rest of the eurozone – it is just a matter of time before everyone recognises that parting is the best strategy.

“The problem is that there there is no way that I can conceive of the euro of continuing, unless and until all of the members of eurozone become politically integrated – actually even just fiscally integrated won’t do it.”

Alan Greenspan has long been a critic of the European single currency. Now, the 88-year-old former chairman of the US Federal Reserve has repeated a claim that nothing short of full political union – a United States of Europe – can save the euro from extinction. Continue reading

Mass default looms as world sinks beneath a sea of debt

As if the fast degenerating geo-political situation isn’t bad enough, here’s another lorry load of concerns to add to the pile.

The UK and US economies may be on the mend at last, but that’s not the pattern elsewhere. On a global level, growth is being steadily drowned under a rising tide of debt, threatening renewed financial crisis, a continued squeeze to living standards, and eventual mass default.

I exaggerate only a little in depicting this apocalyptic view of the future as the conclusion of the latest “Geneva Report”, an annual assessment informed by a top drawer conference of leading decision makers and economic thinkers of the big challenges facing the global economy.

Aptly titled “Deleveraging? What Deleveraging?”, the report points out that, far from paying down debt since the financial crisis of 2008/9, the world economy as a whole has in fact geared up even further. The raw numbers make explosive reading.

Continue reading

Reform EU or Britain quits – George Osborne lays down ultimatum

George Osborne will today deliver a stark warning to Britain’s European partners that the UK will leave the EU unless it embarks on whole-scale economic and political reform.

In a speech to a conference organised by the pro-reform Open Europe thinktank and the Fresh Start group of Tory MPs, Osborne will say: “There is a simple choice for Europe: reform or decline. Our determination is clear: to deliver the reform, and then let the people decide.” Continue reading