Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast - Video - 28th Mar 20
The Great Coronavirus Depression - Things Are Going to Change. Here’s What We Should Do - 28th Mar 20
One of the Biggest Stock Market Short Covering Rallies in History May Be Imminent - 28th Mar 20
The Fed, the Coronavirus and Investing - 28th Mar 20
Women’s Fashion Trends in the UK this 2020 - 28th Mar 20
The Last Minsky Financial Snowflake Has Fallen – What Now? - 28th Mar 20
UK Coronavirus Infections and Deaths Projections Trend Forecast Into End April 2020 - 28th Mar 20
DJIA Coronavirus Stock Market Technical Trend Analysis - 27th Mar 20
US and UK Case Fatality Rate Forecast for End April 2020 - 27th Mar 20
US Stock Market Upswing Meets Employment Data - 27th Mar 20
Will the Fed Going Nuclear Help the Economy and Gold? - 27th Mar 20
What you need to know about the impact of inflation - 27th Mar 20
CoronaVirus Herd Immunity, Flattening the Curve and Case Fatality Rate Analysis - 27th Mar 20
NHS Hospitals Before Coronavirus Tsunami Hits (Sheffield), STAY INDOORS FINAL WARNING! - 27th Mar 20
CoronaVirus Curve, Stock Market Crash, and Mortgage Massacre - 27th Mar 20
Finding an Expert Car Accident Lawyer - 27th Mar 20
We Are Facing a Depression, Not a Recession - 26th Mar 20
US Housing Real Estate Market Concern - 26th Mar 20
Covid-19 Pandemic Affecting Bitcoin - 26th Mar 20
Italy Coronavirus Case Fataility Rate and Infections Trend Analysis - 26th Mar 20
Why Is Online Gambling Becoming More Popular? - 26th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock Markets CRASH! - 26th Mar 20
CoronaVirus Herd Immunity and Flattening the Curve - 25th Mar 20
Coronavirus Lesson #1 for Investors: Beware Predictions of Stock Market Bottoms - 25th Mar 20
CoronaVirus Stock Market Trend Implications - 25th Mar 20
Pandemonium in Precious Metals Market as Fear Gives Way to Command Economy - 25th Mar 20
Pandemics and Gold - 25th Mar 20
UK Coronavirus Hotspots - Cities with Highest Risks of Getting Infected - 25th Mar 20
WARNING US Coronavirus Infections and Deaths Going Ballistic! - 24th Mar 20
Coronavirus Crisis - Weeks Where Decades Happen - 24th Mar 20
Industry Trends: Online Casinos & Online Slots Game Market Analysis - 24th Mar 20
Five Amazingly High-Tech Products Just on the Market that You Should Check Out - 24th Mar 20
UK Coronavirus WARNING - Infections Trend Trajectory Worse than Italy - 24th Mar 20
Rick Rule: 'A Different Phrase for Stocks Bear Market Is Sale' - 24th Mar 20
Stock Market Minor Cycle Bounce - 24th Mar 20
Gold’s century - While stocks dominated headlines, gold quietly performed - 24th Mar 20
Big Tech Is Now On The Offensive Against The Coronavirus - 24th Mar 20
Socialism at Its Finest after Fed’s Bazooka Fails - 24th Mar 20
Dark Pools of Capital Profiting from Coronavirus Stock and Financial Markets CRASH! - 23rd Mar 20
Will Trump’s Free Cash Help the Economy and Gold Market? - 23rd Mar 20
Coronavirus Clarifies Priorities - 23rd Mar 20
Could the Coronavirus Cause the Next ‘Arab Spring’? - 23rd Mar 20
Concerned About The US Real Estate Market? Us Too! - 23rd Mar 20
Gold Stocks Peak Bleak? - 22nd Mar 20
UK Supermarkets Coronavirus Panic Buying, Empty Tesco Shelves, Stock Piling, Hoarding Preppers - 22nd Mar 20
US Coronavirus Infections and Deaths Going Ballistic as Government Start to Ramp Up Testing - 21st Mar 20
Your Investment Portfolio for the Next Decade—Fix It with the “Anti-Stock” - 21st Mar 20
CORONA HOAX: This Is Almost Completely Contrived and Here’s Proof - 21st Mar 20
Gold-Silver Ratio Tops 100; Silver Headed For Sub-$10 - 21st Mar 20
Coronavirus - Don’t Ask, Don’t Test - 21st Mar 20
Napag and Napag Trading Best Petroleum & Crude Oil Company - 21st Mar 20
UK Coronavirus Infections Trend Trajectory Worse than Italy - Government PANICs! Sterling Crashes! - 20th Mar 20
UK Critical Care Nurse Cries at Empty SuperMarket Shelves, Coronavirus Panic Buying Stockpiling - 20th Mar 20
Coronavirus Is Not an Emergency. It’s a War - 20th Mar 20
Why You Should Invest in the $5 Gold Coin - 20th Mar 20
Four Key Stock Market Questions To This Coronavirus Crisis Everyone is Asking - 20th Mar 20
Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter - 20th Mar 20
The Coronavirus Contraction - Only Cooperation Can Defeat Impending Global Crisis - 20th Mar 20
Is This What Peak Market Fear Looks Like? - 20th Mar 20
Alessandro De Dorides - Business Consultant - 20th Mar 20
Why a Second Depression is Possible but Not Likely - 20th Mar 20

Market Oracle FREE Newsletter

Coronavirus-bear-market-2020-analysis

Marine Le Pen Will Reap What The EU Has Sown

Politics / European Union Dec 14, 2015 - 03:10 PM GMT

By: Raul_I_Meijer

Politics

Many people are cheering now that yesterday Marine Le Pen and her Front National (FN) party didn’t get to take over government in any regions in the France regional elections. They should think again. FN did get a lot more votes than the last time around, and, though she will be a little disappointed after last weekend’s results, it’s exactly as Le Pen herself said: “Nothing can stop us”.

And instead of bemoaning this, or even not believing it, it might be much better to try and understand why she’s right. And that has little to do with any comparisons to Donald Trump. Or perhaps it does, in that in the same way that Trump profits from -people’s perception of- the systemic failures of Washington, Le Pen is being helped into the saddle by Brussels.


The only -remaining- politicians in Europe who are critical of the EU are on the -extreme- right wing. The entire spectrum of politics other than them don’t even question Brussels anymore. Which is at least a little strange, because support for the EU on the street is not nearly as strong as among politicians, as referendum after referendum keeps on showing.

Some of which have rejected (more power to) the EU outright, like the one in Denmark last week, while others do it indirectly, by voting for anti-EU parties -see France this and last weekend-. There’s a long list of these votes going back through the years, with for instance both France and Holland saying No to the EU constitution in 2005, which led to many countries to postpone their own votes on the topic.

Brussels had an answer, though: by 2007, the Constitution proposal was converted into a Treaty (of Lisbon), which said basically the same but in a different order, and only through amendments to existing treaties. It was still rejected again in an Irish referendum, but in a second vote in 2009 accepted.

Importantly, the switch from Constitution to Treaty meant unanimity among EU nations was no longer needed; a majority was good enough. And so the whole thing was pushed through regardless of what people thought -and voted .

The overall picture is clear: Europeans in general are fine with the EU, but when it tries to grab more sovereign powers, they say NO, time and again. Only to be overruled by their own domestic politicians as well as Brussels. Their worries, frictions and arguments have only one way to go: the far right. All other political currents are united in unwavering support for the EU, basically no matter what.

But people see what’s happening in Greece, and with refugees, they see the way the Union treats the Russia and Ukraine issue, they see the new-fangled unholy plans with the EU border force, and they don’t want Brussels to tread on their respective nation’s sovereignty anymore than it already has.

They find no resonance for their worries at home, however, other than with people like Le Pen, Nigel Farage and similar ‘political outcasts’. And therefore that’s where they will turn. All Le Pen has to do is wait for the economy to get worse, and it will, and she can reap what the EU has sown.

As soon as Brussels threatens to turn into an authoritarian body, something it has already very evidently done, people will resist it.

The European Union could have been a very useful and appreciated organization, with many obvious advantages for the people of Europe. But as soon as it oversteps its boundaries, it is destined to self-implode. This process and outcome has become inevitable, because the Union has de facto appointed itself the arbiter of these boundaries.

The unelected high lords of Brussels have become too greedy, and too unaccountable, and they will end up achieving the exact opposite of what they claim the EU stands for: they will lead the continent into conflict, armed and otherwise.

The new border force concept is the perfect example for what is going wrong in Europe. A group of the largest, and therefore most powerful EU nations, have agreed on a rainy Monday afternoon that they’re going to set up some sort of military police force that will ‘protect’ the borders of member nations even if these nations don’t ask for such protection and/or outright resist it.

This is obviously directed mostly at Greece for now, and the EU thinks it can do with Greece as it pleases. But ask any German, French or British citizen if they want entrance to their countries controlled and decided by a para-military bunch of foreigners, and they’ll think you’ve lost it. But that’s the idea behind the border force: take away nations’ sovereignty. Start with the smaller and weaker and work your way up.

That this has some interesting legal implications, as I wrote recently in Greece Is A Nation Under Occupation, that few seem to even contemplate, will add to the entertainment.

There are 28 separate constitutions in the EU. Under which of these is it legal for a government to sign away control of its own borders? In how many of these countries will this be appealed at their own version of the Supreme Court? And how many of these courts will say: sure, sovereignty is way overrated anyway!?

The EU could have been a useful union. Not all those border checks, for one thing, not all those forms to fill out all the time. But with the advent of the euro, things got out of hand. You can have a functioning union between very different entities. But only as long as those differences are recognized and respected.

The euro is an idea that seeks to deny the differences between the people(s) of Europe, it seeks to claim that Germany IS Greece. To that end, it must then take away all nations’ sovereignty. The euro cannot exist without that. To function properly as a currency, it needs a banking union, a fiscal union. And then take it from there.

These are all things that nobody properly thought or talked about before it was introduced. Perhaps because everyone knew that these things would be unacceptable to the European people. And now the euro’s here, and all these things will have to be pushed through anyway. Brussels thinks it has plenty experience pushing things through despite the will of the people, so this one will work too.

But all it takes is for someone to point this out in clear language to people. Unfortunately, the only ones who do today connect this with resistance to refugees, to open societies, to all sorts of things that have nothing to do with why the euro is a failure.

Meanwhile, as I’ve written many times before, the EU is this body that self-selects for sociopaths in its hierarchy, being its undemocratic self. What few people recognize is that it also self-selects for the likes of Marine Le Pen.

And we haven’t seen anything yet. As I said before, all Le Pen has to do is for the economy to pine for the fjords. And looking at the current commodities slaughter, that might happen before anyone can look it up in the dictionary.

And Angela Merkel, after having pushed aside the Dublin accord on refugees and opened German doors, now wants to close them again. As if that works. The EU now wants to hand Greece tens of millions of euros just to keep refugees in the country.

But what happens when the recent projection of another 3 million arriving in Europe in 2016 comes to fruition? What happens when the refugees don’t listen to the Berlin/Brussels dictates? One can only imagine the chaos. The EU has offered Turkey €3+ billion to keep them there, but president Erdogan doesn’t look like the kind of guy you can make a deal with and expect him to live up to it.

Europe seriously risks being flooded with people, while its economy shrinks like a cotton jersey in an autumn rain storm. And who’s going to be looking at the wannabe dictators in Brussels for help then? Nations will end up deciding to decide for themselves. And because all politicians but the far right have unequivocally supported the Union for many years, guess who’ll be coming to dinner?

Today the victims are the Greeks and the refugees. And all those whose governments cut their benefits to ‘balance their budgets’. Tomorrow, those budgets must be balanced all over Europe, in this line of thinking.

As we witness the commodities plunge, and the stock market crash that must of necessity follow it, it becomes hard to see how countries like Italy, Spain, even France, could escape resembling Greece a whole lot more in 2016. And then Europe will be right back where it left off 70 years ago.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)© 2015 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Raul Ilargi Meijer Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules