( A three minute read)

Brexit negotiations are about to restart and we just witness the collapse of one of the UK biggest private companies.

Although few people yet realize it, the UK is bankrupt:

The Government cannot pay its debts nor will it be able to pay for its departure from the EU unless it get an extended transition period, even then it will be on HP terms.

Unfortunately, the Government’s official debt is not the real problem:

The Government’s ‘official’ debt is only a small percentage of its true debt exposure. The official debt is merely the tip of a very large hidden iceberg.

The Government’s true debt is the present value of all the commitments it has entered into, on the expectation that these commitments will be paid for by future taxpayers.

One recent estimate suggested that a UK citizen born in 2011 will inherit, on birth, a debt of perhaps £200,000, and it could easily be much more.

It is simply inconceivable that debts on this scale will be paid off in full.

Nor will they be.

These were not debts that youngsters freely took on, but obligations incurred on their behalf in many cases before they were even born.

The moral question of course is:

At what point does the debt become so large that future children will be born into a new form of slavery, entering the world shackled by the debts of their forbears?

The whole political system is creating a huge intergenerational Ponzi scheme, passing the buck from one generation to the next, until the whole rotten system inevitably collapses under its accumulated weight.

With the collapse of Carillion the government is losing all control of its finances and will once again end up printing money to pay off its debts, so leading to hyperinflation and economic collapse.

the actions are both immoral and reckless with crippling liabilities on top of the national debt, two-thirds of which is made up of “unsustainable” public sector retirement monies.

Overall, the real cost of debt to every man, woman and child in the UK is £53,822 each or over a £100,00 if you are graduating University student.

Since the global financial crisis erupted in 2007. The Bank Of England  has pumped £445bn electronic money into the economy, by what is called quantitative easing programme

 Public sector pensions are a ticking debt bomb with around £1.3trillion needed to cover 93 per cent of the benefits that are currently unfunded.

Britain ‘set for BANKRUPTCY amid £1.85 trillion of hidden debt’

Future generations will inherit a bankrupt country, with two new worthless aircraft carriers, an unusable nuclear deterrent, a high-speed rail system going nowhere, a health service in tatters, a broken up UK, a State funereal that going to cost millions, a pound that worth toilet paper, etc

Make no mistake about it: The country is bankrupt.

Benefits across the board will be cut, massively: the government will renege big-time on many of its commitments, breaking its health, pensions and other promises on a huge scale.

The social and economic consequences don’t bear thinking about.

The cost of Brexit by now should be apparent with a loss of £350m a week to the UK economy.

If you asked me Brexit is far from inevitable.

The collective failure of the English to understand that in a world driven by technology there is no such thing as Sovereign.

The whole fabric of England is at the moment jeopardize.

There are still fifteen months until Britain departs.

I am convinced that the British people provided they are provided with a credible and ambitious social plan that recognizes that the balance of advantages lies in continued EU Membership.

Through humility and what is called cop on.  A new settlement addressing Britain’s inequalities and the EU need to reform can be achieved. 

I can hear the outs saying look at Greece.

The Greek government, which faces more debt repayment deadlines this summer, said it was hoping for a “positive conclusion” to the protracted review of its bailout programme. It has lost more than 25% of its GDP – the biggest downturn to be experienced by an advanced western economy in peacetime – since its financial collapse seven years ago.

So England can rest assured that Brexit will have ‘Grexit’ for company. A debt payment of €7 billion is due in July.

Or Greece could just default out of the euro zone.

Stranger things have happened: Before the term “Brexit” was invented, “Grexit” was the far better-known word — and the more plausible scenario.

All Human comments appreciated. All like clicks chucked in the bin.

( A two-minute read)

England is gradually learning that their initial ambitions for Brexit are unrealistic and few will deny, the EU is in urgent need of reform.

Talks can now move on to their next phase with a two-year time capsule transition period with no proportional link whatsoever between IQ and wealth.

The EU has got rid of the UK but the UK has not left the EU. Brilliant! This creative ambiguity means big battles still ahead.

So where are we now?

If we believe that there is no deal till the whole deal is approved, we need our heads examined. Its taking shape whether we like it or not.

A deal which has everything and nothing to do with people.

Under the new agreement brokered Friday, EU and U.K. citizens will get to retain their rights “derived from Union law and based on past life choices, where those citizens have exercised free movement rights by the specified date.

That means they will get to keep their social security and health care, their employment and education rights, and their “tax advantages.” However, there’s a big downside too—they will be bound to the country where they’re living.

For Brits that already live in EU countries that aren’t the U.K., that means they would lose the automatic right to then move and live anywhere they like within the bloc. Basically for Brits in rest of EU: applying for a new passport is the only way to secure Freedom of movement.

EU citizens living in the U.K. will get to retain their EU rights after Brexit, the British courts will still have to defer to CJEU judgements that affect those rights.

When it comes to Northern Ireland and Ireland border the consequences of a hard Brexit are of little consideration as long as unionist objectives are met. Even more concerning is the free rein that Foster has in the absence of Executive constraint in Northern Ireland.

The Never Never party simple desire is to reassert unionism not to represent the people’s of Northern Ireland.

It is the party’s reasoning behind the rejection that is of concern – their willingness to jeopardise everything for a hard Brexit that secures their unionist identity.

The DUP argues that it does not wish to see a hard border between North and South, yet their actions in recent days clearly indicate a desire for a hard Brexit, which must mean installing a hard border.

Naïvely both the EU and England are overlooked the historical and contemporary politics and culture of the DUP.

On the border issue, the U.K. and EU have essentially agreed to kick the can down the road, in order to stop talks from breaking down entirely. But what’s new—and huge—is that if there’s no resolution to this question, the default position will be the U.K. staying within the single market.

This will ideally be the result of the overall U.K.-EU relationship that exists after Brexit, but if not, the U.K. will suggest a specific deal regarding that particular stretch of border.

If that proposal doesn’t fly, the whole of the U.K. will basically have to stay within the EU internal market and customs union—and there will be no new regulatory barriers separating Northern Ireland from the rest of the U.K.—unless Northern Ireland wants them. And whatever happens, Northern Irish businesses will retain “unfettered access” to the U.K. market.

On top of all that, everyone who was born in Northern Ireland will retain their right to EU citizenship (though this is less of a novelty, as Northern Irish people can already claim Irish citizenship anytime they like).

The enlightened ones in the EU should at least demand that Nigel Farage EU pension is payed out of the settlement figure. ( Twenty years @ 73,000 pa = 1,460,000) 

If we are not vigilant we could all end up as hog wash.

All human comments appreciated. All like clicks chucked in the bin.

( A five minute read)

The huge choice facing Ireland is whether, given the circumstances,
the country can live with the likely post Brexit arrangements and so stay a full member of the European Union; or whether a radically different relationship with the EU is required, including the possibility of an Irish departure from formal membership, an Irexit.

Whatever the outcome of the Brexit negotiations, there will be a price to pay.

For Ireland, there is really no upside to Brexit.

The question to be raised is what price is Ireland willing to pay to
stand in solidarity with the remaining 26 EU countries?

Namely, opting to remain with the United Kingdom in a customs and free
trade area, while negotiating as favourable as possible trade and investment terms with the remaining 26 member states.

Access to the Single Market need not be synonymous with full membership of the EU. In addition, the EU itself is facing huge problems and the future direction of that body is hard to predict and though uncertain, it is unlikely to be to Ireland’s taste or in its interests.

HERE IS THE TRUTH.

Brexit is going to happen.

If there is a hard border after Brexit, Ireland be next to exit?

The new pivotal position of the DUP at Westminster has only added to this concerns.

The Good Friday Agreement is all but dead in the water. One of the major attractions of the Agreement to the Nationalist/Republican side was the promise, given in exchanges by the two governments, that once the peace was secured and the threat level diminished, there would be no need for any fixed and/or permanent installations along the border.

Sitting on the side lines and allowing the EU to negotiate for Ireland is essentially untenable.

The first duty of the EU negotiators is to act on behalf of the European Union as an Institution. This is prioritised in their Guidelines, approved by the European Council.

The type of deal that Ireland’s interests requires, however, including free trade with the UK, is directly in contradiction with the Union negotiators mandate that anything relating to Ireland and her border which emerges from the Brexit negotiations, must “maintain the integrity the Union’s Legal Order”, i.e., no exceptions to the customs union.

While the details of Brexit remain to be determined, now is the
time for Ireland to choose its future path, that choice which will have profound consequences for all those living on the island of Ireland.

With the DUP pressing for a “significant” central role in the Brexit negotiations.

There is also a danger that any unfavorable Brexit agreement that the current Irish Government is handed by the EU at the end of the negotiations, will not get through the Dáil (Irish Parliament).

Hopefully, the outcome of Brexit negotiations will be benign.

However, if this does not turn out to be the case, it would be a brave Government in Dublin who would ask the electorate to re-instate a border in Ireland and erect barriers with our nearest neighbor Britain where most Irish people have family links.

The prospects of an Irish Irexit have certainly grown in recent days.

The country undoubtedly has a strong case for special treatment.

The main difficulty for this scenario is that what Ireland requires, namely free movement of people, goods and services with the post Brexit UK, cannot be fitted into the present EU framework. It would require a very fundamental departure from EU structures and one which frankly the EU is not likely to sanction. It would break the central tenets of EU theology.

The EU is therefore is risking losing Britain and Ireland rather than concede on a core tenet.

The chances of obtaining a satisfactory outcome to the present Brexit negotiations for Ireland are faint.

It simply is not possible to reconcile the requirements of the country, with the EU’S need to maintain the integrity of the Union’s Legal Order. Also, there is little or no popular support for the further erosion of the Nation State, something that is now becoming more likely with the UK’s departure.

If that’s the direction the European Union goes in, it won’t last, because
small countries will leave. And that would be a tragedy, for the European Union as a project, but also for many of the countries that will be caught in that squeeze. We need to keep citizens with us.”

Therefore, given the circumstances, Irexit has to be the option for Ireland in a hard Brexit situation.

In any negotiation, there must be a bottom line and if breached, the option of walking away must always be there. Irexit is a definite option for Ireland, should the EU and the EU not arrive at a satisfactory deal.

It will be the ordinary citizens who will pay the price of the failure of its political leaders to put their welfare and that of the country first.

Ireland and its people have shown a great capacity to adopt to new conditions and overcome adversity. However, as in the Bailout situation, it has often been the young people of Ireland who have borne the brunt of those adaptations. Hopefully, the Irish Government will not sacrifice the well-being of its youth in order yet again to prove, its EU credentials. 

While I agree with the fact that the European Union needs to be bolder in
terms of its impact on the world and a force for good, don’t assume that the European Union can be run by two or three big countries and everybody else will just have to tow the line.

Indeed the EU if it is to do anything it should block the Pension of the biggest hypocrite Mr Nigel Farage.  

All human comments appreciated. All like clicks chucked in the bin.