Will Britain Leave the European Union?

britainSteve Byas – Great Britain will stage a national referendum on June 23 on whether to leave the European Union.

British Prime Minister David Cameron has made it clear that he supports continued British membership in the EU, and admits that his efforts to win “concessions” from the EU’s 27 other member states are designed to make the EU more palatable to its opponents in his own country.

Those concessions, however, are illusory and would not be legally binding. This is the clear position of Nigel Farage, a British member of the European Parliament, and the leader of Britain’s United Kingdom Independence Party (UKIP), who challenged European Council President Donald Tusk about the concessions Cameron hopes to win.

“But is this deal legally binding, Mr. Tusk?” Farage asked. “The ECJ [European Court of Justice] rule[s] in favor of the existing treaties until we get a new treaty. But who is to say there is going to be a new treaty? Any new treaty would trigger yet more referendums and would not be favored by the big groups in this parliament.”

Farage pointed to the “migrant crisis” as a reason for Britain (and other European nations) to “take back control of our own borders and our own democracy” and leave the EU.

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Whatever Became Of Western Civilization?

Paul Craig Roberts  October 14 2013

Not that long ago government and free market proponents were at sword’s point, but no more. With little left in the private sector to rip off, the financial gangsters have turned to the public sector and put to work for them the free market economists’ advocacy of privatization. Governments themselves became part of the conspiracy once the politicians realized that looting public assets was an efficient way to reward their private benefactors.

We can see the entire picture in the David Cameron government’s privatization of the British Royal Mail. The prime minister has described the looting as “popular capitalism” even though the British public overwhelmingly opposes turning over the mail service to a profit-making enterprise.

The British government’s pursuit of policies opposed by the public shows the absence in Britain of the very democracy that British prime ministers, such as Blair and Cameron, are so anxious to help Washington spread with invasions, cluster bombs, and depleted uranium to Afghanistan, Iraq, Libya, Syria, and Iran.

Here is how the Royal Mail is being privatized or, rather, looted.

First Cameron’s government, guided by the financial gangsters, undervalued the assets of the Royal Mail and assumed mail delivery charges below those that will be charged. This fictitious accounting allows public assets to be transferred to the politicians’ private benefactors at a price below their value.

For example, all of the Royal Mail’s real estate is being transferred to the new private owners for less than the value of the Royal Mail’s London real estate alone. Neil Clark reports that one Royal Mail London depot is worth about one billion British pounds; but the entire real estate assets of the Royal Mail–public property–is being transferred to the new private owners for about three-quarters of one billion British pounds. The deal was so loaded in favor of the private purchasers that the share price rose almost 40 percent on the first day of trading. (This might have been some sort of nominal trading as the deal possibly has not been finalized.)

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ICIJ Releases Offshore Leaks Database Revealing Names Behind Secret Companies, Trusts

ICIJ June 14 2013 (Thanks, C.R.)

Search the ICIJ database here

Bernard Madoff

ICIJ Releases Offshore Leaks Database to Public [~6 min. video]

When Bernard Madoff built his $65 billion house of cards; when food distributors passed off horsemeat as beef lasagna in Europe; and when Apple, Google and other American companies set up structures to channel their profits through Ireland — they all used tax havens.

They bought secrecy, minimal or zero taxes and legal insulation, the distinctive products that tax havens market and that allow companies to operate in a fiscal and regulatory vacuum. Using the offshore economy is akin to acquiring your own island where the rules that most citizens follow don’t apply.

The International Consortium of Investigative Journalistspublishes today a database that, for the first time in history, will help begin to strip away this secrecy across 10 offshore jurisdictions.

The Offshore Leaks Database allows users to search through more than 100,000 secret companies, trusts and funds created in offshore locales such as the British Virgin Islands, Cayman Islands, Cook Islands and Singapore. The Offshore Leaks web app, developed by La Nación newspaper in Costa Rica for ICIJ, displays graphic visualizations of offshore entities and the networks around them, including, when possible, the company’s true owners.

Attacking Apathy

The data are part of a cache of 2.5 million leaked offshore files ICIJ analyzed with 112 journalists in 58 countries. Since April, stories based on the data — the largest stockpile of inside information about the offshore system ever obtained by a media organization — have been published by more than 40 media organizations worldwide, including The Guardian in the U.K., Le Monde in France, Süddeutsche Zeitung and Norddeutscher Rundfunk in Germany,The Washington Post and the Canadian Broadcasting Corporation (CBC).

ICIJ’s investigation — called Offshore Leaks by the Twittersphere and the public —has shaken the political and economic establishments from South Korea to Canada, sparking investigations, resignations and a renewed sense of urgency among world leaders that this is the time to rein in offshore abuses .

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