Our last chance to escape from the disaster movie unfolding across Europe: RICHARD LITTLEJOHN on the stark choice facing Britain in Thursday's referendum

 

David Cameron,  Prime Minsiter of Great Britain 2010 -2016

 

The sun will come up on Friday morning whatever the result of the referendum.  But 

 Leave or Remain, Britain will never be the same country again.

We face a stark choice. Do we vote to become once more the ultimate masters of our own destiny, with the power to make our laws and control our own borders?

Or do we conclude that we are incapable of running our own affairs and are better off as a meek dependency of an ever-expanding European superstate?

That's the nub of the argument, not the wildly alarmist horror stories which have characterised the risible propaganda pumped out by Remain. This has always been about democracy and self-determination, not money. You can't put a price on independence and national sovereignty.

Only a fool would predict the result with any certainty, even at this late stage. But if Remain prevails, we will have missed an historic opportunity to escape from the disaster movie unfolding across Europe. The EU has brought economic ruin to some member states and condemned a generation of young people to a lifetime of unemployment.

Angela Merkel's suicidal, unilateral decision to invite millions of Middle Eastern and North African migrants to take advantage of Europe's open borders and advanced welfare systems will have cultural and demographic repercussions for decades to come.

Read more here:

George Soros: EU exit risks 'black Friday' , The Guardian and MSN. More scare tactics from the Remain Campaign

 

George Soros, the man who nearly banhkrupted Great Britain in 1992,

The world’s most famous currency speculator has warned that a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of the Exchange Rate Mechanism almost a quarter of a century ago.

George Soros, writing in the Guardian, said a Brexit vote would spark a ‘black Friday’ for the UK, but the devaluation of sterling would bring none of the benefits to the economy that it enjoyed after it dropped out of the ERM on 16 September 1992 – Black Wednesday.

He said that, as in 1992, there would be big financial gains for speculators who had bet on the UK leaving the EU but that such an outcome would leave “most voters considerably poorer”.

Soros said that unlike after Black Wednesday, there was little scope for a cut in interest rates, the UK was running a much larger current account deficit, and exporters would be unable to exploit the benefits of a cheaper pound due to the uncertainty caused by a vote to leave the EU.

“Sterling is almost ­certain to fall steeply and quickly if leave wins the referendum,” Soros said. “I would expect this devaluation to be bigger and also more disruptive than the 15% ­devaluation that occurred in September 1992, when I was fortunate enough to make a ­substantial profit for my hedge fund investors at the expense of the Bank of England and the British government.”

Read more here:

Remain’s models are built on poor foundations Roger Bootle, Telegraph and MSN

The Treasury, and some other bodies, have subjected the Brexit option to trial by macro-economic model. Various assumptions were fed into a series of equations which, on the basis of past experience drawn from a number of countries, are supposed to embody wisdom about how the key economic variables will respond. 

The model whirred and then spewed out forecasts for our post-Brexit future.
These methods are unsuitable for assessing the impact of such a seismic politico-economic event. Moreover, the assumptions that have been plugged into the models have typically been bizarre. For instance, the Treasury study assumed no regulatory changes. 

The Treasury's models made some surprising assumptions

Equally, it assumed we would not be able to do any new trade deals with the EU or anyone else. Nevertheless, we would continue to impose the EU’s tariff on imports from the rest of the world. No wonder this exercise concluded Brexit would cause an economic loss from reduced trade.

This conclusion derives further loss from lower investment and even weaker productivity growth. But if trade does not fall, there is no reason for these effects to occur.

To these trade-related effects is added the impact of uncertainty, which will supposedly persuade people and companies to defer spending. Yet if there is a loss of confidence after Brexit, the responsibility for this will rest with the Prime Minister and Chancellor for spreading pessimism about our prospects outside the EU.

Read more here:

 

Brexit won't cause recession, Michael Gove says, as David Cameron warns there will be 'no turning back' , Telegraph and MSN

 

 
Britain will thrive outside the European Union, Michael Gove declares, as he rejects warnings that Brexit will cause a recession and urges the country to “vote for hope”.
In a passionate appeal to the public to set the country free from Brussels rule, the Vote Leave leader predicts the economy will prosper from a decision to pull out of the EU in this week’s historic referendum.

Mr Gove says voters should have confidence in Britain’s capacity to achieve “great things” as an independent country that is wholly run by MPs who are democratically elected by the British people.

In an interview with The Telegraph, he says the UK will be better placed to cope with the strains of global economic disruption if the country takes back full control over its own affairs.

Read more here:

Further Reading:

1)     Latest Poll Results on Brexit

2)     George Osbourne,  Chancellor of the Exchequer’s latest warnings of financial crash if we vote Leave

3)     Chris Grayling,  Vote Leave says Great Britain will flourish post Brexit

4)     Peter Hitchens,  Daily Mail columnist asks why our Political Elite in the UK don’t want us to be an Independent Country?