Tag Archives: Brexit v EU – Negotiations.

THE BEADY EYE SAY’S. IT IS NOT SURPRISING THAT MOST COMMENTATORS HAVE NO GRIP ON THE ORIGINS OF THE IRISH BORDER.

20 Thursday Sep 2018

Posted by in Brexit v EU - Negotiations., Brexit., European Union., Gibraltar and Spain, Norther Ireland, Northern Ireland Border., Technology, Unanswered Questions.

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(Two-minute read)

The current Brexit negotiations (which I believe in the long run will be worthless to the peoples of Ireland, England, Wales, Scotland, and Northern Ireland ) ARE CONFUSING TO ME AN IRISH MAN.

Unfortunately, the border is drawn in hundreds of years of blood, NOT FRICTIONLESS TRADE IN GOODS.

Résultat de recherche d'images pour "pictures of electronic border"

To those that have little to lose its only a matter of trade, between the EU and England when it leaves without an agreement.

Answer these questions if you can.

Who will have responsibility for it?

Who will own the data?

What exactly are we talking about here, is it the consequences for political parties rather than people lives?

If there is a border whether hard or otherwise do the terms of its application apply to the Spanish Gibraltar border?

WHAT PRICE IS BEING ASKED BY THE EU – CONSOLIDATION OF CORPORATE TAX BASE.

THE UK GOVERNMENT HAVE NO RIGHTS TO TEAR UP THE GOOD FRIDAY AGREEMENT. IT IS A MEANS TO AN END, NOT AN END TO A MEANS.

What part of the Lisbon treaty or any another treaty for that matter allows the EU to negotiate what form its member borders should take or have?Résultat de recherche d'images pour "pictures of electronic border"

Northern Ireland voted to stay in the Eu so why not offer NI an association agreement like Andorra has a customs union?

IF NORTHER IRELAND STAY WITHIN THE UK AGREEMENT OR NOT THE REALITY IS A HARD BORDER UNLESS WE HAVE A UNITED IRELAND. 

For those that want to understand the border further reading:

( The Beady Eye Ask’s: Do you know what the Good Friday Agreement Agreed to. or The Beady Eye Say’s: This could be a good time to remind Ireland and Northern Ireland and England why the border between Ireland and Northern Ireland exists.

 

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THE BEADY ASK’S: DO YOU KNOW WHAT THE GOOD FRIDAY AGREEMENT AGREE TO.

12 Wednesday Sep 2018

Posted by in Brexit v EU - Negotiations., Brexit., Democracy, England EU Referendum IN or Out., Gibraltar and Spain, Norther Ireland, Northern Ireland Border., Politics., The common good., The Obvious., Unanswered Questions., Uncategorized

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( A three-minute read)

My recent Beady Eye post attempted to explain the origins of the Northern Ireland border.Résultat de recherche d'images pour "pictures of the good friday agreement"

THE GOOD FRIDAY AGREEMENT ATTEMPTS TO RESOLVE THE PROBLEM.

Up to the Good Friday agreement Northern Ireland was in effect a one-party state, in which half of the population was routinely discriminated against.

The agreement marked a commitment to “the mutual respect, the civil rights and the religious liberties of everyone with Britain agreed to incorporate the European Convention of Human Rights into the law of Northern Ireland.

This year marks the 20th anniversary of The Belfast Agreement, more commonly known as The Good Friday Agreement.

SIGNED ON THE 10th April 1998. It effectively brought an end to The Troubles, which had raged in the region for thirty years. It was widely seen in Britain, as elsewhere, as a significant act of statesmanship, supported by both main parties.

A devolved assembly was established for both sides to govern together and while unionists were assured of their British identity, a united Ireland was acknowledged as a legitimate political goal for Republicans.

As the Irish border is becoming a critical issue in the Brexit negotiations, it now appears at risk.

CONDEMNING THE AGREEMENT TO THE POLITICAL SHREDDER.

Some 71 percent of people in Northern Ireland voted to accept the agreement in a referendum, with the DUP (NOW BRIBING THE CONSERVATIVE PARTY TO THE TUNE OF 6 BILLION TO REMAIN IN POWER) being the only party to reject it.

The system of power-sharing government it established in Northern Ireland has not functioned for over a year.

However, the collective failure in Northern Ireland will not be blamed just on Brexit nor on the DUP but on the EU if it agrees to any border visible or otherwise.

The harder the border between north and south, the more reckless the UK’s decision to leave the EU will be judged.

A significant amount of direct funding is at stake: the EU provides Northern Ireland with nearly a billion euros a year for agriculture, employment, and projects related to the peace process.

Of course, no one talks about the other border between Gibraltar and Spain where British territory also has a historic claim placed on it by a foreign power, namely Spain.

It will “make the Irish problem look like a picnic”.

96 percent of Gibraltarians voted to Remain in 2016.

Of course there are differences between Northern Ireland and Gibraltar, obviously, based on geography, economics, and history. Gibraltar isn’t in the UK, but as a close overseas dependent territory, it may as well be.

The EU has given Spain a formal veto over Brexit if Madrid is not happy with the Gibraltar dimensions of a Brexit deal. The Irish didn’t get that.

Gibraltar could easily be treated much like other EU microstates such as Monaco, San Marino, Vatican City, and Andorra; EU members in all but name, albeit with no formal voting powers.

SO WHY NOT NORTHERN IRELAND?

GIBRALTAR REPRESENTS one tiny strip of land, two vetoes and three governments trying to achieve the impossible WHILE NORTHERN IRELAND REPRESENTS A HISTORICAL DISASTER WAITING TO HAPPEN AGAIN.

Makes you wonder if all this collateral damage TO ALL CONCERNED is worth it.

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THE BEADY EYE SAY’S: THIS COULD BE A GOOD TIME TO REMIND IRELAND AND NORTHERN IRELAND AND ENGLAND WHY THE BORDER BETWEEN IRELAND AND NORTHERN IRELAND EXISTS.

08 Saturday Sep 2018

Posted by in Brexit v EU - Negotiations., Brexit., England EU Referendum IN or Out., European Commission., European Union., Fake News., Norther Ireland, Northern Ireland Border., Politics., Post - truth politics., The Irish/ Northern Ireland border., The Obvious., Unanswered Questions.

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( A six to seven-minute read)

THIS IS MY HISTORICAL UNDERSTANDING.

CORRECT ME IF I AM WRONG.

In October 1921 Lord George convened a conference in London in which he and other leading statesmen of Britain met with Irish envoys of the De Valera’s Irish Government.

The resulting treaty signed on the 6 of December recognized the Free State of Ireland as a dominion with full powers of self-government and determination but leaving England the control of certain harbors for purposes of defense.

This treaty which created the Irish Free State had a clause which ensured that Northern Ireland could opt out of the deal – which they did.

SO THE DEMAND FOR AN OUT AND OUT REPUBLIC WAS DROPPED AND THE RIGHT TO MAINTAIN ITS OWN EXCLUSION FROM IRELAND WAS ADMITTED FOR THE UNIT OF SIX COUNTIES CALLED ULSTER WHICH IS NOW CALLED NORTHERN IRELAND.

IN FACT, ULSTER HAD ALREADY VOTED ITSELF OUT OF A UNITED IRELAND AND THOUGH PROVISION WAS MADE FOR RE-UNION UNDER ONE PARLIAMENT AT SOME FUTURE DATE IT WAS A DATE NONE COULD FORESEE.

When De Valera was presented with the terms of the treaty he opposed it however it was ratified on the 7th Jan 1922 by 64 votes to 57.

De Valera resigned and a civil war commenced from the 28 June 1922 – 24 May 1923. This conflict followed the Irish War of Independence and accompanied the establishment of the Irish Free State, an entity independent from the United Kingdom but within the British Empire.

Northern Ireland was created as a separate legal entity on 3 May 1921 resulting in Ireland partitioned into two states with six of the nine counties of the Province of Ulster remaining in the United Kingdom.

The Unionist politicians to this day refer to Northern Ireland as Ulster which it is not.

Any historical record will show that it is an organized plantation by Great Britain which was begun in 1609. The colonization of Ulster had been proposed since the end of the Nine-year war to reward Scottish subjects loyal to King James with land.

IT LEAD TO THE NATIVE IRISH LOSING THEIR LAND AND TO ETHIC AND SECTARIAN CONFLICT WE HAVE WITTINESS TO THIS DAY.

WHERE ARE WE TODAY.

WITH NORTHERN IRELAND NOW ON THE VERGE OF A NEW WORLD RECORD – FOR NO GOVERNMENT.

The only Brexit supporters are the Democratic Unionists – who opposed marriage equality, opposed language rights and the funding of inquests to victims of the conflict.Résultat de recherche d'images pour "pictures of the irish border after brexit"

AFTER DECADES OF REPUGNANT VIOLENCE ON BOTH SIDE THE GOOD FRIDAY AGREEMENT OF TWENTY YEARS AGO DEFERRING MAJOR ISSUES.

THE NEED FOR A VISIBLE BORDER FOR ALL INITIATIVE PURPOSED WAS REMOVED.

HOWEVER, THE CONTINUING INFLICTED HISTORICAL AFTER MATE OF PARTITION HAS NOT COME TO AN END OR HAS IT WITH THE ADVENT OF BREXIT.

The tenuous foundation of the Good Friday agreement is now once more putting the question of reunification back on the agenda.

Why?

Because Northern Ireland vote to stay in the European Union.

THE GOOD FRIDAY AGREEMENT UNFORTUNATELY REINFORCES THE UNDERLYING SECTARIANISM THAT EXISTS IN AS MUCH AS IT DOES NOT ADDRESS THE SOURCE OF THE BORDER.  ALTHOUGH IT ACKNOWLEDGES THE CONTINUING AND EQUALLY LEGITIMATE POLITICAL ASPERATIONS OF EACH SIDE AND ALLOWS THE POSSIBILITY OF A REFERENDUM IF THE MAJORITIES IN NORTHERN IRELAND AND IRELAND WANT IT. Brexit is now creating its own type of limbo.

WITH THE IDENTITY ISSUES REOPENING THE BORDER  Neither Unionists or Nationalists are preparing their constituencies for a compromise. This position is profoundly undemocratic. 

The Good Friday agreement belongs only to the people of Ireland north and south – it is not a Tory Brexiteer bargaining chip.

Résultat de recherche d'images pour "pictures of the irish border after brexit"

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For the first time after seven centuries of British rule

 

THE BEADY EYE SAY’S: HERE IS WHAT WE ALL HAVE TO LOOK FORWARD TO ON THE 29TH MARCH 2019.

08 Wednesday Aug 2018

Posted by in Articular 50., Brexit v EU - Negotiations., Brexit., England EU Referendum IN or Out., England., Our Common Values., Politics., Populism., Technology, The common good., The Obvious., Trade Agreements., Transition period or Implication period., Unanswered Questions., What needs to change in European Union.

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( A FIVE MINUTE READ)

DEAL OR NO DEAL BREXIT HAPPENS AT 11PM UK TIME ON FRIDAY 29 MARCH 2019.Résultat de recherche d'images pour "pictures of brexit"

WHAT WILL HAPPEN THEN?

As it has never been done before, I predict chaos, LEADING TO ONE OF THE BIGGEST POLITICAL COCK-UPS EVER WITNESS.

JUST LISTEN TO THE LEADER OF UKIP A WEEK OR SO AGO TELLING THE EU THAT IT WAS CREATED BY THE NAZIS.

I AM ALL IN FAVOR OF FREEDOM OF SPEECH.  LONG MAY HE CONTINUE TO ENHANCE THE PROSPECTS OF A DEAL ALONG WITH ALL THE OTHER IMBECILES WHO SHOULD HAVE THEIR EU PENSIONS CANCELLED.

So it would be more than naive to think that all will be honky dory after the 29th March next year.

JUST THINK how the implication of UK or EU citizens will be handled – recent arrivals. 

Will either have the same rights as those who came before?

What will the result of the house of commons and lords vote be on the deal?

The original referendum to leave is not legally binding and any withdrawal agreements will have to ratified by the UK Parliament.

Then there is the question of Subsidies.  An average of 55% of farm income comes from the EU’s reviled common agriculture policy – known as the CAP – and its subsidies. Losing these will cut swaths through agriculture and the landscape. The amount of its food that Britain grows is currently 60% and falling – in a world with ever more insecure food supplies: we are nine meals from empty supermarket shelves. Farming is small but with food processing makes up 13% of GDP, an industry bigger than cars and aerospace put together.

Then there is the question of visa-free travel.

The current EHIC card will become useless.

AT THE MOMENT THERE IS NO NEW MECHANISM FOR SETTLING DISPUTES

WHAT WILL HAPPEN INSIDE THE EUROPEAN COURT OF HUMAN RIGHTS WHICH IS NOT AN EU INSTITUTION.

GET THE TWENTY-SEVEN REMAINING COUNTRIES TO AGREE TO A DEAL NEVER MIND RATIFY IT WHILE THEIR ECONOMIES ARE LOCKED INTO THE EURO, AND RUN MORE AND MORE BY ARTIFICIAL INTELLIGENCE –  IS PIE IN THE SKY.

THERE CAN ONLY BE ONE SOLUTION IF STERLING IS TO STAY FREE – NO DEAL – TRANSITION  YES.

ALL OF THIS IS ONLY THE TIP OF THE ICEBERG.

I CLOSE OFF THIS POST WITH THESE THOUGHTS.

THERE IS NO PLAUSIBLE WAY TO GET FROM A NO DEAL TO CANCELLING BREXIT – AS THE EU WOULD HAVE TO AGREE ON WILLINGNESS TO DO SO.

ONE WAY OR THE OTHER NEW UK ELECTIONS WILL FOLLOW ADMID WORSENING MAYHEM AND GOVERNMENTAL PARALYSIS.

THERE WILL NEVER BE A COMMON RULE BOOK AFTER BRITAIN HAS LEFT.

WHY? BECAUSE THE UK WILL HAVE NO PART IN AMENDING ANY RULES.

God only knows what the financial costs will be as the break up will go on for years with all calculations subject to exchange rates.

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THE BEADY EYE SAY’S: IRELAND SHOULD HELP OUT ITS NEIGHBOUR ENGLAND WITH BREXIT.

26 Thursday Jul 2018

Posted by in Brexit v EU - Negotiations., Brexit.

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( A TWO MINUTE READ)

AT THIS STAGE OF BREXIT YOU WOULD WANT TO BE BLINKERED NOT TO REALIZE THAT THE CONSEQUENCES OF A DEAL OR NO DEAL IS GOING TO HAVE AN IRREVERSIBLE IMPACT ON THE RELATIONSHIP BETWEEN ENGLAND AND IRELAND.

For some inexplicable reason after the result of the in our out referendum England pressed the Article 50 clause of the Lisbon treaty, ignoring the millions who vote to remain.

Now after two years of internal political fighting as to what it wants from the Eu in order to vanish from the restraints of one of the biggest marketplaces IN THE WORLD it has produced a negotiation position of cherry picking which is RIGHTLY total ruled out by the EU.

It seems that Direct democracy in the form of the referendum now governs England irrelevant of the outcome with elected representatives branded traitors if they raise the voices of those who vote against leaving.

IRELAND THAT IS LOOKING DOWN THE BARREL OF A GUN ECONOMICALLY AND GOD FORBID A RETURN TO THE TROUBLES IN NORTHERN IRELAND NEEDS TO GIVE THEM A HAND TO COME TO THEIR SENSES.

IRELAND SHOULD REQUEST THE EUROPEAN UNION TO EXTEND THE TIME LIMIT OF ARTICLE 50 FOR A FURTHER TWO YEARS.Résultat de recherche d'images pour "pictures of ireland flag"

NEVER MIND THE TRANSITION PERIOD.

BY THE TIME WE GET TO THAT THERE WILL BE LITTLE LEFT TO TRANSITION OTHER THAN LEGAL FEES.

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THE BEADY EYE SAY’S: THE BREXIT NEGOTIATIONS​ HAVE LITTLE TO DO WITH LOOKING AFTER UK CITIZENS.

24 Tuesday Jul 2018

Posted by in Brexit v EU - Negotiations., Brexit., England EU Referendum IN or Out., HUMAN INTELLIGENCE, Post - truth politics., The common good., Trade Agreements., Transition period or Implication period., Unanswered Questions.

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( A THREE MINUTE READ)

The UK has consistently armed many of the most brutal and authoritarian regimes in the world.

WITH IT’S RECENT BREXIT RHETORIC IT WOULD NOW APPEAR THAT IT CAN’T WAIT TO OPT OUT OF THE EU NATIONAL ARMS EXPORT LICENSING CRITERIA. Résultat de recherche d'images pour "PICTURES OF THE NEW BREXIT MINISTER"

UK arms manufacturers have exported almost £5bn worth of weapons to countries that are judged to have repressive regimes in the 22 months since the Conservative party won the last election. Out of 49 countries that are classed as “not free” by Freedom House, the independent organization that promotes democracy, 36 have bought British-made weapons under the current government.

Even when Saudi’s massive order book is stripped out, arms exports to repressive regimes have almost doubled since the Tory government was elected: orders to such countries, excluding Saudi, amount to almost £1.2bn, compared with £680m in the 22 months before the election.

Following the referendum on leaving the European Union, the Defence & Security Organisation, the government body that promotes arms manufacturers to overseas buyers, was moved from UK Trade & Investment to the Department for International Trade.

SETTING THE ARMS TRADE ASIDE THE UK SINCE JOINING THE EUROPEAN UNION (WHETHER IT HAS BEEN A NET CONTRIBUTOR OR NOT)  HAS NEVER ENGAGED WITH THE OVERRIDING ASPIRATION OF THE EU – PEACE.

With just three months to go to the October deadline, we are now witnessing the new UK Brexit chief Dominic Raab threating to renege on paying the Uk legal exit payments.

TO WALK AWAY FROM THE BREXIT DIVORCE WILL BRAKE INTERNATIONAL LAW.

THE AMOUNT OF £39 BILLION IS NOT A GRATUITY PAYMENT IT IS A LEGAL LIABILITY.

It represents liabilities to contribute towards pensions to public servants, agreed contributions to joint research and development programmes. It represents binding liabilities that in total are estimated to be £87bn. The EU has agreed to refund $48 bn,  this includes the refund of the UK’s share of the ECB.

Saying that the UK can walk away from its commitments is once more deceiving the people of England.

Do so and there will definitely be NO DEAL ANYWHERE IN THE WORLD other than with the 36 who have bought British-made weapons.

It will then be time to change the national anthem from God save the Queen to God Save The People.

There will be no transition period.

Trade with the EU will be under the World Trade Organisation (WTO) rules. (Immediate customs and regulatory checks, tariffs.)

Sterling will fall- Inflation- unemployment- disruption at ports and airports- prices of consumer good to rise.

Mr Raab claims that the EU,s economy will be worse off.

Get real the EU27 economy is ten to eleven time the size of the UK’s.

With a no deal, the peoples legal status as citizens on both sides will become illegal immigrants as any rights agreed do not apply.

You can rest assured that nobody will ever try to leave the EU in the near future.

Dominic Raab name is derived from an Old-German personal name, which meant “raven.”

PERHAPS HE IS WELL NAMED TO REPRESENT A RAVEN MAD UK that thinks that the EU owes them a deal, on non – negotiated terms to leave. 

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THE BEADY EYE CALLS ON IRELAND AS A NATION TO CALL ON ITS IRISH UK RESIDENTS TO SUPPORT STAYING IN THE EUROPEAN UNION.

28 Thursday Jun 2018

Posted by in 2018: The Year of Disconnection., Articular 50., Brexit v EU - Negotiations., Brexit., Democracy, England EU Referendum IN or Out., England., European Commission., European Union., Modern Day Democracy., Politics., Populism., Post - truth politics., The Irish/ Northern Ireland border., The Obvious., Trade Agreements., Unanswered Questions.

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( A five-minute read)

It is estimated that as many as six million people living in the UK have at least one Irish grandparent (around 10% of the UK population.)

BREXIT JUST LIKE THE FAMINE ONE HUNDRED AND SEVENTY-FIVE YEARS AGO WILL BE A WATERSHED IN THE HISTORY OF IRELAND.

Ireland is once more faced with the indifference of the English who when voting to leave the European Union had no consideration for its closes and biggest trading partner.

It would be fair to say like the Famine that Ireland will be once more the sacrificial lamb of the British political ambitions.

There are few democratic countries (where two out of its regions voted to stay and when combined with the two leave regions the overall majority was only a 3.8% majority.)  that would act on a nonlegal binding referendum which was conducted against a background of lies.

One would think that a majority of at least 5% ON SUCH AN IMPORTANT ISSUE WOULD BE A REASONABLE REQUIREMENT.Résultat de recherche d'images pour "pictures of brexit"

If England looked after its people first rather than the glory of a past empire Brexit probably would have never happened. It was the dysfunctional economy of Britain that fueling the leave vote, not immigration.

On top of all of this when you see how different generations voted in the Brexit you realize that the relationship between different age groups in England is broken.

ONE WAY OR THE OTHER IT IS NOW HELL BENT ON DELIVERING THE WORST OF BOTH WORLD; IN OUR OUT. Big business versus the Nigel Farage’s of this world with a handful of Conservatives such as Micheal Gove, Boris Johnson a few Labour MPs.

At the moment dogs cats and ferrets can travel between the UK AND THE EU. Maybe after all of this, all UK citizens will be required to be micro-chipped against Brexit rabies.

SO WE ARE LEFT WITH THE REALITY THAT THE POST BREXIT TRADE DEAL IS GOING TO BE THE MOST COMPLEX PART OF ANY NEGOTIATED DEAL AS IT HAS TO BE UNANIMOUS APPROVED BY 30 NATIONAL AND REGIONAL PARLIAMENTS SOME OF WHICH WILL NO DOUBT HOLD THEIR OWN REFERENDUMS.

ALL OF WHICH POINTS TO NO DEAL, AND YEARS OF BATTLING IT OUT IN COURTS PROCEEDINGS WITH A MASSIVE DIVORCE BILL TO BOTH SIDES.

SO THE QUESTION IS; WILL THERE BE ANOTHER UK REFERENDUM.

Not likely.

To rejoin would mean starting from scratch, with no rebates, the lost of sterling with and all current member agreeing to the UK rejoining.

As for clout outside the EU.

A UK in disarray will have a much influence on the world stage as the DUP is willing to give it at a price.

Forming its own Trade area is an artificial intelligence algorithm yet to be invented.

However, there is a way out of all of this.

The UK abdicates its powers to NORTHERN IRELAND.

ITS CITIZENS BORN AND TO BE BORN HAVE THE ABSOLUTE RIGHT TO CARRY BOTH UK PASSPORTS AND IRISH – THUS FUTURE ENGLISH GENERATIONS CAN REMAIN IN THE THE EU.

ALL THEY  WILL HAVE TO REMEMBER IS TO CARRY YOUR IRISH PASSPORT WHEN YOU ARE JOINING THE EU CITIZENS – ONLY QUEUE AT THE AIRPORT.

IT WOULD AVOID A HUGE LOSS OF FACE ON ALL SIDES.

One final observation;

The English don’t appear to understand that the European Union is governed by rules for a reason.

That reason is simple to understand.

The European Union is made up of countries that don’t quite trust each other.  They need rules to function, with an independent court to settle any problems.

Whoever thought that Northern Ireland would unite not just Ireland but the whole of the UK.Résultat de recherche d'images pour "picture of brexit"

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THE BEADY ASK’S : WHERE ARE WE WITH BREXIT.

09 Saturday Jun 2018

Posted by in Brexit v EU - Negotiations., Brexit.

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( A three-minute read)

The March 29, 2019 deadline looms large.

A lot could still go wrong.Résultat de recherche d'images pour "picture of brexit"

Different member states have different priorities regarding future relations, which could give London a degree of leverage over the proceedings, while internal divisions are fragmenting May’s cabinet weaken the UK’s position for phase two of Brexit negotiations. Notably, the disagreements have thus far resulted in a lack of detailed proposals that may allow the EU to take the initiative, ensuring outcomes more favorable for Brussels.

The issue of where the UK will and will not uphold EU regulation standards has proved a persistent issue throughout the negotiations.

The UK wants to maintain EU regulations in some sectors, such as the financial passport while diverging from others, namely immigration.

The EU rejects such cherry-picking, maintaining an all-or-nothing approach to regulations.

Regarding the transition period, the UK wants a transition period without a pre-determined end-date, whereas the EU wants to end the transition by December 2020, as the new EU Budget cycle will kick in 2021.

The role of the European Court of Justice and the EU body of laws from which the UK wants exemption during any transition period (and in some cases, beyond) also remains an important source of disagreement.

Although negotiators reached an agreement on Northern Ireland’s border in phase one of the negotiations, it is by no means a closed chapter. The agreement implied the UK would propose a solution that avoids a “hard border,” but has yet to deliver one. Thus, the draft agreement released by the EU is not acceptable to the UK because it suggests a common regulatory area between Ireland and Northern Ireland if no other solution is found.

This means that for all practical purposes, Northern Ireland would remain part of the EU while creating a border on the Irish Sea.

Here is what will happen:

The UK continuing failure to come up with proposals will damage its economy further resulting in a general election. The election will in effect be a second referendum.

The resulting vacuum will affect the whole of the European Union.

Real Negotiations will be put on hold while some sort of agreement on mutual interest emerges. While £37 billion leaving bill will be jacked up.

The result of the elections will put the Uk in no position to walk away from the negotiating table, or even to threaten to do so if it wants the United Kingdom not to break asunder.

Britain will fall into a Brexit which will not deliver the benefits that it could or should to either side.

An EU disintegration will make the 2008 financial crisis look like a walk in the park.

The worst is to come.

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THE BEADY EYE ASK’S: WHAT DO HEATHROW- GATWICK- THAMES WATER- BLACK CABS, AND 73-89-355-361 OXFORD STREET HAVE IN COMMON.

30 Wednesday May 2018

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( A Fifteen-minute read)

THEY ARE ALL OWNED BY SOVEREIGN WEALTH FUNDS.

While Dads Army negotiates the UK way out of the EU, 97 sovereign investors — state pension funds, central banks, and government ministries are collectively holding $12tn of  British assets.

The invisible hand of capitalism has the UK by the short and hairs.

We are a stone throw away from a crucial point in the current Brexit negotiation, should those who own Britain be nervous.

Given the uncertainty over taxes on imports and market access, when you wake up one morning and your investment is worth 20 percent less than the previous day, that’s going to have an impact on investors who are starting to question the future of Britain as an ‘investment hub’ in Europe.

The gap between the rhetoric of the economic recovery and Brexit negotiations is beginning to make the young of Britain to reject the status quo.

We live in an era where heated rhetorical battles are fought over terms that have lost clear meaning.

It is this morass rhetorical debate that defines what is wrong not just with Brexit but what is wrong with capitalism and socialism.

There is no need for a referendum or survey to tell you the truth. You don’t need jargon or ideology for a case against the status quo.

Surely it’s time for England to focus its imagination on not making the past more beautiful than it ever was, rather than imagining a better future by focusing on what is truly critical.

The creation of real stakeholders in the country. Not just the rich but among it’s poor.

The big misconception of the EU is that it has to do with money.

All knowledge centers must be connected together to imagine a world in new and exciting ways.

Walling yourselves in for personal security and economic security will be a disaster in waiting.

Before Brexit barely a day went by without a major multi-billion dollar fund from one petro-state or another making some splashy acquisition.

You could say that London financial center for all attentive purposes turned a blind eye to – from  – why – where or how the money was acquired.

Chinese: firms bought up British assets worth $11.3bn (£9bn) last year and have spent nearly $50bn in the last decade on acquisitions into the country.

Norway:  It bought 73-89 Oxford Street — a development currently under construction — for £276.5 million and spent a further £124 million buying 355-361 Oxford Street.

The Norwegian fund — which is worth roughly £720 billion — already had a significant footprint in London, and owns a 150-year lease on roughly 25% of Regent Street, another of London’s most recognizable shopping streets.

The fund also owns parts of New Bond Street, properties on Savile Row, the street famous across the world for its tailors.

Outside London, it owns half of Sheffield’s Meadowhall shopping center.

As well as spending £400 million in London, the Norwegian fund bought a €1 billion (£850 million) office development in Paris and spent around $665 million (£534 million) on office spaces across New York, Washington DC, and San Francisco. It also purchased two further UK properties for a combined £5.7 million, with one retail unit, and one described as being used for “logistics.”

It also has 70 percent stake in five properties in Tokyo, Japan.

Saudi Arabia’s sovereign wealth fund Public Investment Fund, known as PIF, is turning the PIF into a global giant by giving it ownership of state-owned oil company Saudi Aramco, which is preparing for what could be the world’s biggest IPO.

The PIF is also behind several large real estate developments in the kingdom, including a new city called Neom that will be built on the Red Sea Coast, an entertainment city on the edge of Riyadh and another tourism project on the Red Sea.

The fund is also an investor in some of the kingdom’s largest firms, including Saudi Telecom Co., Saudi Arabian Mining Co., and National Commercial Bank. It also took a 16.32 percent stake in Almarai Co., the country’s biggest dairy producer, last year as the government supports national companies and develops them into regional and global leaders.

The UK will need inward investment, particularly when it leaves the EU. The main problem is that these funds are lack transparency.

Sovereign Wealth Funds (SWFs) remain, significant investors, with the assets of the top 10 now amounting to c.$5.5trn.

At the macroeconomic level, the rise of SWFs illustrates the seriousness of current-account imbalances in the global economy that have their origin in the managed exchange rates operated by some of the countries in surplus.

The accumulation of reserves for investment by SWFs should not become an end in itself. 

A more specific concern raised by SWF investment in equities relates to the opaque way in which some SWFs function and their possible use as an instrument to gain strategic control. This concern sets them apart from other types of investment funds. More specifically, there is unease that – whatever the original motivation – SWF investment in certain sectors could be used for ends other than for maximizing return.

For example, investment targets may reflect a desire to obtain technology and expertise to benefit national strategic interests, rather than being driven by normal commercial interests in expansion to new products and markets.

By the same token, holdings could influence decisions by companies operating in areas of strategic interest or governing distribution channels of interest to the sponsor countries.

More generally, business and investment decisions could be influenced by the political interest of the SWFs owners.

Although in most cases, SWFs are portfolio investors and have avoided taking controlling stakes or seeking a formal role in decision-making in companies, concerns have been raised about the possibility of SWFs seeking to acquire controlling stakes in companies.

National security considerations have been acknowledged by some SWFs owners, who request clarity and certainty about investments that can be made and which areas might be “off-limits” to SWFs.

Since SWFs are managed independently from a country’s foreign exchange reserves, they are excluded from transparency mechanisms.

While they have existed for more than fifty years, over the past decade they have rapidly expanded to become a source of investment of systemic importance. They can offer a source of investment and market liquidity at a time of real pressure. Yet, as state-owned investment vehicles, some can raise questions about the risk that these investments may interfere with the normal functioning of market economies.

The longer-term impact of Brexit cannot yet be seen but you may rest assured that it will have its pro and cons when it comes to SWF who sole purpose is to generate income.

However, they are only part of the mix when it comes to who owns what in the UK there is another Sovereign wealth fund called the crown.  

The monarchy is still one of Britain’s most valuable institutions, with a value of £57 billion to the UK.

The 89-year-old’s estimated personal fortune, largely inherited from her family, is about US$425 million ($673 million), according to an analysis by the Bloomberg Billionaires Index. That’s a mere 3 percent of the wealth of the richest Briton, Gerald Grosvenor, the Duke of Westminster.

THIS IS SOME OF WHAT IT OWNS.

The Crown Jewels 140 ceremonial objects boasting a spectacular 23,578 precious gemstones

The Queen privately owns an 18,433-hectare estate called the Duchy of Lancaster.

It is administered separately from the Crown Estate. Part of that is the Savoy Estate, a stretch of prime real estate in central London which houses the iconic Savoy Hotel.

Sandringham House, an 8,000-hectare estate in Norfolk.

Balmoral Castle, 20,000-hectare Scottish estate.

The Duchy of Lancaster also holds around a dozen historic properties, including Lancaster Castle and Pickering Castle in Yorkshire.

The Duchy delivers an annual income of around £18 million ($25.5 million), which is paid directly to the ruling monarch.

Regent Street & St James’s Market, London: The Crown Estate owns the entirety of Regent Street in London, one of the UK’s best-known shopping streets. It also owns prime retail property across the UK in locations including Oxford, Exeter, Nottingham, Newcastle, Harlow, and Swansea.

The Crown Estate owns around 106,000 hectares of farmland across the UK.

The Crown owns the rights to salmon fishing and gold mining in Scotland.

Windsor Castle & Great Park, Berkshire: The 6,400-hectare Windsor estate in Berkshire is part of the Crown Estate’s portfolio.

The Crown Estate holds around 11,000 hectares of forestry in areas including Berkshire, Somerset, and the Cairngorms in Scotland.

The Crown Estate owns a £1.1 billion offshore energy empire which includes 30 wind farms.

The Crown Estate announced in June last year that it returned a record £328.8 million ($464 million) to the Treasury in 2016 as the value of the overall estate rose to an astonishing £13.1 billion ($18.5 billion).

England might do well to pay attention to Micheal Collins words.

I quote.

” The object in building up the country economically must not be lost sight of. The object is not to be able to boast of enormous wealth or of a great volume of trade for their own sake. It is not to show a great national balance sheet, nor to point to people producing wealth with the self- obliteration of a hive of bees. The real riches of the Irish nation will be the men and woman of the Irish Nation the extent to which they are rich in body and mind and character.”

Or perhaps both the EU and England should take a feather out of the way E Bay Works.

You are only as good as your product and feedback. E Bay did not just create an online market it created a self-governing community.

Apple has shifted its tax liability in the UK to Ireland.

Amazon dominates retail in the UK.

Google dominates the browser market

There are currently no less than 97,000 properties owned by foreign firms in England and Wales.

The NHS is increasingly being infiltrated by American health providers.

The major public utilities – energy, railways, and water – are all to a significant degree foreign-owned

Nuclear power stations are owned and managed by the French company EDF (something the French would never allow in their own country) and that Hinckley Point C is a joint French/Chinese project.

If there anything to be learned from the above it is that we have a clash of mindsets: one pragmatic, the other dogmatic.

Neither understands the other.

Those incompatibilities are being played out today in front of our very eyes in the phony war over the negotiation. The EU is still of the belief that it runs the negotiation. It will not show flexibility because that’s not how it works. The UK, on the other hand, will not do as it’s told. That’s not how the UK works.

It will not comply with the EU’s negotiation strategy of meekly signing up to a large financial settlement before being fobbed off with a lousy trade deal. The UK would rather be damaged than humiliated by the EU.

The EU believes it will win because it refuses to believe the UK will walk. It will sign whatever is put in front of it. But this is to make the exact mistake that it has always made; it’s a misjudgment of how UK politics work.

The clearest indictment of the status quo is the status quo itself.

The Basic necessities such as food shelter are what’s needed, not Aircraft carriers.

Britain has suffered from decades of under-investment in public infrastructure.

Britain has deep structural problems. Manufacturing has been hollowed out. The gap between the richest and poorest parts of the UK is wider than in any other major EU country.

An excessive reliance on consumer spending focused on the bigger picture:

The only choice in a subsequent referendum that would be acceptable to many citizens is that between what the UK and EU actually agree in the withdrawal agreement and no deal whatsoever.

There is today, a very real risk of a no-deal outcome. This would be a traumatic and disruptive exit and bad for both sides. We have to hope this doesn’t happen.

Each side truly believes the other is deluded.

We cannot retreat from the world. We have to make sure that we get the best of our imaginations – while not letting our imaginations get the best of us.

Another vote is inevitable.

 

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THE BEADY EYE SAY’S IT IS TIME TO RETHINK OUR MEASUREMENT OF ECONOMIC GROWTH.

27 Friday Apr 2018

Posted by in 2018: The Year of Disconnection., Capitalism, Fourth Industrial Revolution., GDP., HUMAN INTELLIGENCE, Humanity., Modern day life., Our Common Values., Sustaniability, Technology, The cloud., The common good., The Obvious., The world to day., Unanswered Questions., Wealth., What Needs to change in the World

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( A three-minute read)

Right now one of the reasons our economies have to grow is because of debt.

The global economic system runs on money that is itself debt.

GDP (gross domestic product) has outlived its usefulness as a metric of economic size and is it stoking social and environmental crisis by encouraging growth at any cost.Résultat de recherche d'images pour "picture of gdp per capita"

The kind of statistics we’ve used in the past just isn’t working anymore.

With the planet warming and some resources already exploited to near-exhaustion, including many fisheries, with technology removing trade agreements, (as companies and customers increasingly transact their lives in the cloud not to mention blockchains) we need something that accounts for such factors.

GDP can no longer measure the distribution of wealth within a country.

Even where there is growth, disenchantment with how it is shared out can be seen vividly in Brexit-bound Britain. Notably, So, while its total value can go up, gains are all too often skewed to top earners. Those lower down the ladder can fall further behind in relative terms.

It does not encompass the black market, omitting a huge source of activity and income in many developing countries, including in Africa and Latin America.

We’ve got to find another mechanism to include much bigger parts of the population, and use different metrics to measure the success of a country.

So, what are the alternatives to GDP?

The WEF this week proposed a broader measure of growth called.

The Inclusive Development Index (IDI) is an annual assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP. It has 3 pillars; growth and development; inclusion and; intergenerational equity – sustainable stewardship of natural and financial resources.

However for this to truly work countries would need to be liberated from the pressures to exploit their citizens in the hunt for income to repay debts and we would need to remove the creation of debt- based money.

Another word we would have to cancel the debt of sovereign nations and move the creation of money away from the state.

Of course in a capitalist world, this is unrealistic.

China alone owns– $1.168 trillion as of January 2018 of U.S. debt.

However, the European Union which is in need of reform could do a lot to liberate its members from the tyranny of growth.

Some creative long-term thinking is needed.

It could actively downgrade consumption, by banning advertising on mobile phones, I pads and Public place, all of which use manipulation of emotions.

It could write off a reasonable chunk of the Greek debt by spread it among its members in return for solar power.

It could turn the euro into real money by insisting that all banks in the European Union hold at least 50% reserves against money lent. 90% of the money circulating in our economies is created out of thin air.  Banks lend it into existence.

It could create a basic minimum income by taxing all profit-seeking Algorithms.

It could tax plastic and sugar.

It could stop the farcical traveling circus which sees the European Parliament move between Brussels and Strasbourg every month.

It could set an example for the rest of the world.

Unfortunately, we are all to busy with I am alright Jack isolation syndrome – its grow or collapse.

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

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