Britain votes to leave European Union
David Cameron Resigns as Prime Minister
After Britain voted to leave the EU by 51.9% vote, negotiations are set next and are said to take possibly years. Greenland voted to leave the EU’s predecessor, the ECC, in 1982. After debating fishing rights, the territory left the EEC in 1985, but remains subject to the EU treaties today through association of Overseas Countries and Territories (OCTs). The territories of the EU’s OCTs are considered as one territory.
The markets crashes according to plan. Oil prices plummeted. The value of the pound fell to its lowest level against the U.S. dollar since at least 1985. Stocks in Asia tumbled and markets around the world are crashing. This comes as no surprise as EU is completely run by the likes of corporations, banks, and global monopolies.
The stock market crash this morning is already worse than Black Monday crash of 1987 – FTSE 250 off 11.9%
— Catherine Boyle (@cboylecnbc) June 24, 2016
At least $700 billion in market cap wiped out on Asian markets after plunge on Brexit news; 99% of AsiaPac stocks in red – Bloomberg
— BNO News (@BNONews) June 24, 2016
— WingzTV (@wingston) June 24, 2016
— Kiplinger (@Kiplinger) June 24, 2016
The Great Depression in 1929 was global and Africa, Asia, Australia, Europe, and North and South America all suffered from the economic collapse. International trade fell 30 percent as nations tried to protect their industries by raising tariffs. Governments instituted planned economies while fascism and militarism grew. Government assumed ultimate responsibility for promoting a reasonably fair distribution of wealth.
In 1929, Aristide Briand, French Prime Minister, gave a speech before the Assembly of the League of Nations giving birth to the federation of European nations based on solidarity and on the pursuit of economic prosperity and political and social cooperation.
After Brexit, the European Union is now a politico-economic union officially consisting of 27 member states and operates similar to the United Nations. Heads of state are appointed and not elected. It was set up at the end of WW2 and also much like the United Nations. The EU as it is known today was set up to “prevent such killing and destruction from ever happening again” after the end of WW2. Initially Eastern and Western Europe were divided by the Cold War. In 1957, the Treaty of Rome created the European Economic Community (EEC), also know as the ‘Common Market’.
The European Union took it’s name by way of the Maastricht Treaty on November 1st, 1993. The Union ensures the uniform application and interpretation of European law and justice, controls the European Central Bank , agriculture and food, business, culture and education, employment and social structures, environmental and energy, humanitarian development, economy and finance.
hyper-secret Euro-American trade pact
The Transatlantic Trade and Investment Partnership (T-TIP) is currently being negotiated between the United States and the European Union. The contents of the competing proposals as well as of the reports on TTIP negotiations are classified from the public. After a proposed draft was leaked in March 2014, the European Commission launched a public consultation on a limited set of clauses and in January 2015 published parts of an overview; and subsequently increased security over its secrecy. Some speculation states negotiations will not be finished until 2019 or 2020. Wikileaks currently has a €100,000 reward for Europe’s most wanted secret.
Together with the Trans-Pacific Partnership Agreement (TPP) and the Trade in Services Agreement (TISA) these treaties represent the “Three Big T’s”, affecting 53 countries, 1.6 billion people and covering two thirds of the global economy. They aim to create a new international legal regime allowing transnational corporations to bypass domestic courts, evade environmental protections, police the internet on behalf of the content industry, limit the availability of affordable generic medicines, and drastically curtail each country’s legislative sovereignty. Of the “Three Big T’s”, the TTIP remains the least exposed to public scrutiny, and the most significant to the interests of the European public.