Jun 24th, 2016 | By Shah Gilani
The unthinkable just happened.
The political intelligentsia, elitists, bond and equity markets misjudged the will and determination of the people, the free people of the United Kingdom of Great Britain that is, of which I am one, though I am a permanent resident of and reside in the magnificent United States of America.
We want Great Britain to exit the European Union, not all of us mind you.
But, those of us who cherish our freedom, who cherish the rights of citizens of sovereign nations to determine their own future and not be yoked to some cabal of political elites serving the global banking oligarchy, wanted out of our chains.
This is the U.K.s Independence Day.
If you dont know what was really at stake in Britain, its not your fault.
Thats because those same political elitists, the officers of the cabal that would have free people and free markets serve them and their true masters, the worlds big banks, own the media for the most part and anesthetize the public by shooting them full of socialist promises of free everything, everything, that is, except true freedom.
Whats not being talked about is the truth.
Heres what you wont hear or read anywhere else. Heres the truth about the Brexit.
Almost everything being analyzed and commented on regarding the Brexit and what it means has been whitewashed. Not on purpose, but because very few people really understand what happened leading up to the vote and what just happened with the Brexit vote.
Sure, the commonwealth concept of a common European Union, where commerce was freed-up to happen with less and less friction across sovereign state boarders made sense. It made perfect sense.
And thats where it should have stayed. The E.U. should have been about the free flow of goods and services across European boarders. It should have been about business and facilitating economic growth by doing away with tariffs and political pandering.
But that wasnt the grand plan.
The plan was to ultimately knock down all borders and blockages and allow the unmolested flow of goods and services across all E.U. countries boarders, which now heres the rub would have to be financed somehow.
That financing would come via the part of the grand plan that created the euro.
With a common currency there would be no currency differences, no increase of value or devaluation of trading partners currencies.
There would be peace in the neighborhood and lots of trade.
And there would be credit. Lots of credit.
Ah, theres the rub and the first link in the chain of slavery.
As long as everyone adhered to a common currency, it would be easy to lend to one country, or any bank or business in any other country in the Union because it was all the same money. There wouldnt be any threat of currency appreciation or depreciation.
Everyones money would be equal.
Even if every country wasnt.
And they werent.
Bottom-line? The Germans wanted everybody to get credit (to borrow in euros) to buy their exports. Thats how the German economy grows, thats why they are the engine of economic growth in Europe.
And so it was.
Countries cheated and lied about their finances and deficits to get into the E.U. (ask Goldman Sachs about helping liars and cheaters; Ive written about their criminal acts) so they could borrow in a common currency that didnt expose them on international currency markets to economic realities.
Debt soared. Thats because the banks behind the grand plan lent to the hilt.
Then, the ineluctable truth, the first economic postulate, came to pass: Thou shalt not borrow more than thou hast the ability to pay back.
Enter the European Central Bank.
Starting to get it?
A made-up central bank had to be created to make all the scheming work, to provide liquidity when countries couldnt meet their pumped-up obligations.
And then there were asset purchases and negative interest rates.
So, now you know how all that happened. The ECB had to save the scheme for which it became the overseer and enabler.
Except the British said, ENOUGH.