by John Galt
June 12, 2016 20:10 ET
In what can only be called a stunning editorial in tonight’s edition of the UK Telegraph, Ambrose Evans-Pritchard hammers it home with a stunning rebuke of the pro-European Union forces inside the United Kingdom with this editorial:
Holy smokes! This is somewhat earth shattering as the conventional economic thought inside England was to remain and muddle through with a partnership both with France and Germany being balanced against each other to further the United Kingdom’s interests.
I will not reprint the article in full as it is quite long but here are some of the key excerpts and the full story is at the link above:
Stripped of distractions, it comes down to an elemental choice: whether to restore the full self-government of this nation, or to continue living under a higher supranational regime, ruled by a European Council that we do not elect in any meaningful sense, and that the British people can never remove, even when it persists in error.
For some of us – and we do not take our cue from the Leave campaign – it has nothing to do with payments into the EU budget. Whatever the sum, it is economically trivial, worth unfettered access to a giant market.
We are deciding whether to be guided by a Commission with quasi-executive powers that operates more like the priesthood of the 13th Century papacy than a modern civil service; and whether to submit to a European Court (ECJ) that claims sweeping supremacy, with no right of appeal.
Damning is an understatement. I have highlighted the last sentence in red and bold to indicate the importance of what the “Leave” vote is feeling inside Great Britain. More:
The EU crossed a fatal line when it smuggled through Lisbon Treaty, by executive cabal, after the text had already been rejected by French and Dutch voters in its earlier guise. It is one thing to advance the Project by stealth and the Monnet method, it is another to call a plebiscite and then to override the outcome.
Need I remind readers that our own government gave a “cast iron guarantee” to hold a referendum, but retreated claiming that Lisbon was tidying up exercise? It was no such thing. As we warned then, it created a European supreme court with jurisdiction over all areas of EU policy, with a legally-binding Charter of Fundamental Rights that opens the door to anything.
Historians will reflect on the collapse of the European Union as a failure to understand that even within diverse nations there is no desire to surrender sovereignty to fools and con artists. Sadly the American people still have not learned that lesson from the actions of 1913-1916 under the Wilson administration. One more excerpt before the grand finale:
We leave Ireland in the lurch, at risk of an economic shock that it did nothing to provoke. Those Leavers who chatter cavalierly of resiling from the (non-EU) European Convention of Human Rights should be aware that the Good Friday peace accords are anchored in that document, and if they do not understand why it matters that just 12pc of Ulster Catholics support Brexit, they are not listening to Sinn Fein.
However unfair it may seem, the whole Western world deems Brexit to be an act of strategic vandalism at a time when Pax Americana is cracking and the liberal democracies are under civilizational threat.
Without rehearsing well-known risks, we have a Jihadi cauldron across much of the Levant and North Africa; Vladimir Putin’s Russia has ripped up the post-War rule book and is testing Nato every day in the Baltics; China’s construction of airfields along international shipping routes off the Philippines is leading to a superpower showdown with the US.
The Leave camp was caught off guard when Barack Obama swept into London to make it the US view brutally clear, followed by Japan’s Shinzo Abe, and troop of world leaders. You do not unpick the web of interlocking global ties lightly.
One hopes that Brexiteers now understand what they face, and therefore what they must do to uphold British credibility if they win. We must be an even better ally. But by the same token, the people of this country have every right to take this one chance to issue their verdict on four decades of EU conduct.
I read into this a genuine and real concern cast under the guise of concern for Ireland that Mr. Pritchard agrees with me for once not in a manner directly but that the PIIGS crisis is unresolved and in fact expanding throughout Southern and Eastern Europe. This crisis will hit markets with a secondary shock far greater than the original Brexit vote where control over the liquidation of bad debt is now left to an elite group of banksters in Brussels and Berlin with no counterbalance to offer realistic solutions from London. AEP’s conclusion to this editorial is masterful and honest:
Remainers invoke Edmund Burke and the doctrine of settled practice, but settled is the one thing the EU has not been in its irrepressible itch for treaties and its accretion of power, and Burke is a double-edged sword.
He backed the American Revolution, not to create something dangerously daring and new but rather to restore lost liberties and self-government, the settled practice of an earlier age. Americans of all people should understand why a nation may wish to assert its independence.
This is my decision. It may go against my own interest, since I hope to live out part of my remaining years in France – though countless Britons lived there contentedly in 19th Century before we ever had such a thing as the European Union, and no doubt will continue to do so long after it is gone.
I urge nobody to follow my example. It ill behoves anyone over 50 to exhort an outcome too vehemently. Let the youth decide. It is they who must live with consequences.
And just like that the vote, with all of its polls and panic induced headlines from all the large bankers and political elites, now rests on the shoulders of the British citizenry. I am skeptical that they will do the right thing or even prevent the current government from manipulating the results in their favor. Yet this is the time when history could change and help re-establish some economic sanity away from the flailing and failing globalist model.
On June 23rd the world may shift again on its axis, only time will tell.