EUROSMOKE AND LIES - “The answer to the crisis has not been less Europe but more Europe... The EU and
the [euro] are no exceptions. The choice is between adapting them to the new
conditions or do nothing and risk their dissolution.” The EU is a body
primarily driven by pure politics without any ameliorating rational input from
experts in economics markets science etc. Both the creation of the Eurozone and
the FTT were political projects making extensive use of confirmation bias and
totally ignoring expert advice. The Eurozone is a failure and the FTT will kill
off the City as well as destroy markets inside the EU which both sovereign
states and EU companies rely on. Politicians and bureaucrats taking the
decision have never even heard of the repo market but they are about to find out
how important it was once they destroy it. Rational thought would mean taking
account of the views of experts on the FTT but the FTT is a political dream
where there is no room for reality. If there was there would be no FTT. Any
organization run by purely political decisions is going to lose out against a
more rational response elsewhere in the world. I doubt the EU will ever base its
decisions on rational thought processes rather than politics as there is no
mechanism in place to force elite politicians to take note of experts. In their
conceit they only see their own narcissistic beliefs as relevant to decision
taking. Confirmation bias means that politicians start by already knowing the
answers and see the job as putting their irrational policies in place. When
policies do not work in the real world confirmation bias is called upon again to
warp data to explain failure without ever seeing any need to change policy.
Failure followed by more failure is guaranteed by the political approach.
Pressure from the UK public to leave will increase noticeably once the FTT is in
place and the City goes down the tubes. This will be extensively reported by the
media. How often have we heard this before? You will never convince the average
Brit that having more decisions taken by the unelected elite in Brussels is
going to deliver anything for us. The nearer you get to a EUSSR the less the
Brits will like it and the more we will want to leave. We have a totally
different mentality to the majority of the EU who think that taking all
decisions centrally will lead to economic success. That idea is seen as rubbish
here and unworldly. To work in the real world the people taking the decisions
would have to real experts in many fields and driven by rationality instead of
politics. That can never happen in the EU as it is a political construct.
Instead decisions are from over-conceited politicians and bureaucrats whose
knowledge and understanding of the real world is minimal. Whatever Draghi says
about banking reform will be politically based and not based on research by
experts. The starting point always has to be 'more EU' whereas it is unlikely in
the real world that all answers would come out to be simply as case of more EU
solving the problem. That is illogical. Draghi : "If we are successful in
establishing (a federal Europe) as I am sure we will be..." "Europe is much more
stable today (thanks to me)..." There you have it. Breathtaking arrogance
combined with delusion. The only option we have is to gtf away from pr!cks like
this.
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