The entire feud between Britain and Brussels has been over the border in Ireland between north and south. Brussels fears that there will be a free-flow of goods which will circumvent their taxes. The election of Borris Johnson has created a giant nightmare for Brussels. Trump and Johnson will enter a free trade agreement. A hard BREXIT will be the best thing for Britain for it will be free to cut its own trade dealers with the US, China, Japan, and the rest of the non-EU world.
The restrictions on trade imposed by Brussels are impossible to manage because all 28 members have a say in any trade deal. This is why the deal with the USA took so long to start with and it became unworkable. Trump offered a free trade deal and France was the one screaming the loudest. Germany cannot cut a deal with the USA because of France and neither could Britain.
A hard BREXIT will change the trade landscape in Europe which will put pressure on Brussels. The more they try to punish Britain, the more they will isolate the European economy for pure power.
The collapse in property values in London has created a crisis in property funds. M&G Investments blocked withdrawals from its UK property fund as it seeks to distance itself from the troubled manager. Back on June 3, 2019, the asset manager wrote to clients of the M&G UK Property fund to inform them it had placed a temporary restriction on customers from taking out their money for up to six months. Restrictions were also placed on certain withdrawals from the Prudential UK Property fund, which feeds into the M&G fund affected about 65% of customers in the fund. Both funds were only available for long-term institutional investors such as pension funds and the total under management was around £636m in assets while the Prudential Fund had about £50m.
The real estate funds are going to be the worst since they tend to be illiquid.
The Black Vests are rising up in France. This group is composed of undocumented Africans who are in France and demanding to stay. Hundreds of these undocumented migrants stormed the Panthéon in Paris and demanded the right to remain in France. They are primarily from West Africa and managed to get in pretending to be refugees from Syria. They call themselves the “black vests,” which is a reference to the yellow vest protest movement that spread through much of France earlier this year.
Boris Johnson has been elected as the new Prime Minister of Britain and he has promised to take Britain out of the European Union “come what may.” Jeremy Corbyn says Labour will table a motion of no confidence, designed to force Boris Johnson from office “at a time of (their) choosing,” adding “it will be an interesting surprise for all of you.” That is the main concern that if Labor gets a hold of the government, Britain will see a massive exit of capital and Corbyn will single handedly destroy the British economy, which has been the concern behind in the decline in the pound sterling.
Boris Johnson beat Jeremy Hunt in the battle for the leadership of Britain’s governing Conservative Party winning 66% of the vote. Although the Conservatives’ working majority in Parliament is very small, it appears to be enough to ensure that Mr. Johnson will succeed Mrs. May as prime minister and Labor will not be able to stop that at this point in time.
What is very interesting is that our computer gave us two targets — May and July 2019. Prime Minister Theresa May said she would step down as leader of the Conservative Party and then as prime minister after repeatedly failing to get her Brexit plan through Parliament on May 24th, 2019. The next target was July, and here we have Boris Johnson elected. Now we are looking at October and December going into year-end.
Something’s rotten in Denmark…or rather, in Greece. And they’re not the only ones facing problems – big debt problems! How does Europe’s Debt Crisis relate to the U.S. economy? What can we learn from their cautionary tale? Visit Greece, Brussels, California, and Washington, D.C. as we dig into Europe’s plight, and investigate if the United States can avoid making the same mistakes.
Boris Johnson has succeeded in beating his nearest rival Jeremy Hunt for leadership of the conservative party in the U.K. thereby becoming the next Prime Minister. One of the priority challenges for Prime Minister Johnson will be navigating a successful Brexit.
A full three years after the British electorate voted to leave the European Union, the elites in Britain have continued to stymie the referendum in their effort to remain attached to the communal values of the collective society. Thus gave rapid rise, recently, to the Brexit Party as a national force led by Nigel Farage. It’s the UK version of ‘deplorables’ vs ‘elites’.
The British Parliament is filled with elected members who stand in opposition to the majority of the British citizenry. It is amid this professionally political and elitist disconnect that Boris Johnson must now attempt to deliver Brexit, while the purchased politicians of both institutional parties will oppose his effort. [Sound familiar?]
London (AFP) – Boris Johnson won the race to become Britain’s next prime minister on Tuesday, heading straight into a confrontation over Brexit with Brussels and parliament, as well as a tense diplomatic stand-off with Iran.
The former London mayor easily beat his rival, Foreign Secretary Jeremy Hunt, in a vote of grassroots members of the governing Conservative Party.
He is expected to be confirmed as prime minister on Wednesday when Theresa May formally tenders her resignation to Queen Elizabeth II.
US President Donald Trump was the first world leader to offer his congratulations, saying: “He will be great!”
It is a triumph for a man who has always coveted the premiership. But Johnson, known for his jokes and bluster, is taking over at a time of immense political upheaval.
Three years after the referendum vote to leave the European Union, Britain remains a member amid continued wrangling in a divided parliament on how to proceed.
– ‘We’ll get Brexit done’ –
Johnson led the referendum “Leave” campaign and — after May delayed Brexit twice — insists the latest deadline must be met, with or without a divorce agreement with the EU.
“We’re going to get Brexit done on October 31,” he declared in a speech to party members in London, after winning 66 percent of almost 140,000 votes cast. (read more)
Here is Johnson’s victory speech. [Prompted, just hit play]
The French GAFA tax in an acronym for Google, Apple, Facebook and Amazon which the French government has just passed. They are imposing a 3% tax on all business in France. The US has promised retaliation. This is part of the entire problem the world faces with trade. A lot of people talk about trade wars, but they live in the past. There is something far more serious at stake and that is the digital world and how governments are hungry for taxes to the point that they are threatening the viability of the world economy going forward.
Iran reports they have seized another oil tanker in the Strait of Hormuz, in an apparent effort to increase hostilities in the region and make a larger conflict with the U.S. and western allies. All of this activity has a ring of familiarity to it from the late 1980’s.
In ’87 and ’88 the U.S. took over patrolling the strait to afford safe passage for Kuwait tankers and western-flagged ships. Eventually, following the Iranian attack on a U.S. frigate (USS Samuel B Roberts), there were several U.S-Iran military fights.
It looks like Iran is attempting to provoke a similar scenario today. Only this time former President Obama and former U.S. Secretary of State John Kerry appear to be assisting the Iranian government in their political efforts. As incredible as it might sound at first blush, if Iran kills or captures any American military members in the modern version of the conflict – Obama and Kerry will be working directly for the enemy. FUBAR:
WASHINGTON – Tehran, Iran — Iran’s Revolutionary Guard says it has seized British oil tanker, the Stena Impero, in the Strait of Hormuz. The announcement comes one day after the U.S. said it destroyed an Iranian drone.
The military branch said the tanker over “non-compliance with international maritime laws and regulations” and has transferred the vessel to an Iranian port.
The company that owns the tanker, Stena Bulk and Northern Marine Management, said the vessel was approached by unidentified small crafts and a helicopter on Wednesday. “We are presently unable to contact the vessel which is now heading north towards Iran,” the company said in a statement. (read more)
Stand back and look at this from a domestic and geopolitical standpoint and there’s a significant amount of overlay.
The most severe elements of the deepest state, the neocons (McCain coalition) and the interests of Obama/Kerry are converging -at least ideologically and domestically- to work on removal of their natural enemy, President Trump 2020. Meanwhile multiple international government interests (China, Russia, Iran, et al), mostly based on economics, tend to find a useful and convenient alignment. Sprinkle the left wing media narratives (see: Ilhan Omar writ large) atop the larger assembly and this entire scenario becomes a bit more concerning.
.
In this rapid pace of modern communication; and absent any cohesion from patriotism and uniting American values; the politics of far-leftist ideology now engages in international issues and puts the U.S. military at risk of conflict as an outcome of domestic political alignment.
They are calling it an unexpected contraction in Singapore’s economy which is in line with our Economic Confidence Model which bottoms in January 2020. In addition, China’s exports have also declined by 1.3% during June. Gross domestic product in export-reliant Singapore declined by a shocking 3.4% in the second quarter from the previous three months. This was the biggest decline since 2012. Everywhere we look, the world economy is following the Economic Confidence Model perfectly. As stated before, the decline would be felt OUTSIDE the USA far more so than within the domestic economy.
Of course, the blame is being laid on Trump citing his US-China trade war is having an impact on Asia, and that includes Singapore’s latest export figures. Singapore saw exports fallfor a second month in a row, this time by 17.3% in the month of June compared to a year ago. The economic growth in Singapore declined by 3.4% from the previous quarter. However, the world economy has been turning down before Trump’s trade war as they are calling it. More than 10 years of Quantitative Easing has been unable to restore economic growth, but why look at trends when you can just bash Trump?
The global economy is still headed down into January 2020. Even if there was no trade war, the trend was set in motion from 2015.75. Within weeks of that turn at the peak of this cycle, Merkel began the refugee crisis which has undermined the confidence in Europe and her unilateral actions impacted all of the EU and has led to much discord. Costs of the refugee crisis have lowered economic growth and these people have not contributed to economic growth to any extent to offset the contraction. The negative interest rates have wiped out savers and force retired people back into the workforce just to stay alive. Meanwhile, governments have increased their taxation and nobody respects the fact that retired people are being forced out of their homes as taxes rise. There is no coordination and nobody will look at the whole.
A lot of people have written in about my comments concerning how the world is completely in a state of global chaos which is why this year I will be providing a continued video update for the 2019 WEC attendees. Those looking at the arrays of many markets are also starting to notice how global markets are correlating on a worldwide basis. Never before have I witnessed such mass correlation around the world which is demonstrating that this is by no means about local issues or the rise and fall of GDP, interest rates, or inflation. We are facing a VERY serious crisis and this is part of the Monetary Crisis Cycle
Attendees of Orlando will receive a special report on the Monetary Crisis Cycle outlining the timing and what we should expect as the years unfold. It is clear that our computer is picking upo this great convergence never before witnessed in financial history. This year’s WEC we will be covering the world to reveal just how we are all connected and how to keep track of this insanity that we are going to embark upon.
This is clearly the sum of all our economic fears.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
The entire feud between Britain and Brussels has been over the border in Ireland between north and south. Brussels fears that there will be a free-flow of goods which will circumvent their taxes. The election of Borris Johnson has created a giant nightmare for Brussels. Trump and Johnson will enter a free trade agreement. A hard BREXIT will be the best thing for Britain for it will be free to cut its own trade dealers with the US, China, Japan, and the rest of the non-EU world.
Centinel2012 