Today the European Union looked down the barrel of a gun and then pulled the trigger, as the self interest of individual nations prevailed, and most evidently by the Visegrad-4 (Poland, Hungary, Slovakia and Czech Republic) that continued to put short-term greed ahead of long-term economic and political commonsense leaving David Cameron to emerge Friday Chamberlain style waving a piece of paper of "Reforms in Our Time".

For some reason the dozen or so eastern european block nations led by Poland imagine that the British electorate are just as naive or stupid as their own recently emerged from totalitarianism electorates, a fatal mistake that will come back to haunt the eastern block nations as they once more face the consequences of the Russian bears designs on pieces of their territories as a fatally wounded European Union starts to fragment.

And even at this late stage refuse to budget an inch, instead the EU last master plan concocted by the euro-crats is to introduce a new clause that following a REMAIN vote there CANNOT be a SECOND UK EU referendum. The significance of this is that whatever is agreed today can be be voted down by the European Parliament AFTER the referendum, so NOTHING will be implemented and so today's agreement really is WORTHLESS.

So today will go down in history as marking the start of the end of the European Union that I have often warned could unravel quite quickly following a BrExit vote -

23 Sep 2015 - Poland, Czech, Slovakia and Hungary Refugee Hypocrisy After Flooding UK with 4 Million Economic Migrants

The bottom line is that the migration crisis as did just a few weeks ago the euro debt crisis illustrate that the European Union is BROKEN and is trending towards an apocalypse of sorts the magnitude of which cannot be discerned at this point in time. So this is a wake up call for the people of Britain to vote to LEAVE THE E.U. before it starts to disintegrate in unpredictable and probably very violent ways!

Whilst there will be much chaos from the now inevitable collapse of the European Union, especially for the blinkered eastern block nations, nevertheless Britain both due to its geography, not being in the euro-zone and being the first to leave the sinking european union ship should be best insulated from all that is likely to follow as the European Union starts to first unravel and then rip itself apart.

My recent video illustrates the core reasons of why Britain will likely choose FREEDOM and DEMOCRACY over the bureaucratic and undemocratic alternative trend towards a German-centric European superstate.

https://youtu.be/-oYS6X-63cU

Whilst my earlier video covered the key points of David Cameron's failures to negotiate anything of value that in large part amounted to nothing more than a smoke and mirrors exercise that was always destined to fail.

https://youtu.be/MF3QLhoxkwQ

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By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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 trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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Comments

mydan
20 Feb 16, 19:48

Influence on the market

I wonder how the brexit referendum will influence the global markets and currencies this year.

It could be a major blow for the British financial markets. It is possible that people out of fear decide to stick together with the rest of Europe, despite all the abuse and tribulations.

Similar to Greece, England will fold to the EU.

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