Recent Posts

God Save the Bureaucrats?

Monday, June 20, 2016

As an American, I have always been an ardent fan and student of our Founding Fathers.  Between us and Great Britain has evolved a fascinating relationship over the years.  One of the most interesting features is how we Americans sing "My Country, 'Tis of Thee" to the tune of "God Save the Queen" - the British National Anthem.  And it seems to me that this week - in the run-up to "Brexit/Bremain" - the fascination has flowered even more fully.

I watched with this fascination as those campaigning for Brexit narrate their case in "Brexit the Movie."  The first part is especially familiar to a student of American history, as it enumerates all of the outrages to Britain's self-determination.  We called these outrages "Intolerable Acts" in the days that led up to the American Declaration of Independence.

Only now, for the British, the Intolerable Acts are not the acts of a king, but of a bureaucracy beholden to a banking cartel.  It is important to note, however, that in the context of both British and American history, there is no substantial difference.  Whether the absolute power of a monarch be executed by the Crown or by an opaque bureaucracy, we are faced with a Hobbesian Leviathan which is the antithesis of both the Magna Carta and the Declaration of Independence.

It was said by Richard fitz Nigel (who died in 1198): "It is not for the king’s subjects to question or condemn his actions." This expresses the widely held (in that time) belief in the "Divine Right of Kings" that viewed the authority to govern as flowing from God to the Pope to the Monarch.  But the reign of King John (1199–1216) delivered an impunity which could not possibly be associated with any 'divine' right.

And so the Magna Carta, which every American child is taught lies at the heart of the American idea of our constitutional liberties - was born as a check against the impunity that is inescapable when no means is available for a people to judge its sovereign.

The question that lies at the heart of this debate, then (at least from how it would appear from across the pond) really runs to the heart of how a free people identify themselves.  It was largely because of the impunity of the Crown confiscating the gold of the English merchants in order to fight their latest religious war that our Founding Fathers eschewed monarchy entirely and forbade a state established church.  Without the monarch as the unifying symbol, we invested that same meaning in our flag.  Thus our national anthem became "The Star Spangled Banner."

So as you my British neighbors go to the polls on Thursday, it would seem the very significance of the Magna Carta itself is at stake.  Only now you find yourself subject to the impunity of an opaque bureaucracy in Brussels.  If the British are going to suffer the impunity of a monarch, it should at least be a British monarch!  If you allow the banking fraud that is the EU and the shackles that is its money to enslave you with others' debts, the Magna Carta itself has become a dead letter.

The doomsayers are those who have never produced a single thing in the British economy.  They have certainly talked and written a lot about it, but again, they have produced nothing.  They live in the bubble of financialisation where they mistake money for wealth.  And since they have never created a pence of wealth themselves, they are left merely to preserve their own ability to aggregate to themselves the wealth of their subjects. With impunity.

Let the bureaucrats and their bankers rot for their impunity.  God Save the Queen!  Vote Brexit.

5 comments

  1. I don't think you have studied The EU in great depth. The EU bureaucracy is about the same size as the bureaucracy running Birmingham (our 2nd city).
    EU commissioners are chosen by each government, and then voted in by EU parliament, which could claim to be more democratic than our own parliament. EU commissioners only propose legislation, it is then voted on in parliament.
    The 2 biggest voices in the EU are Britain Germany.So legislation is not imposed on us,we play a very big part in its formation.
    It's not perfect, anymore than our parliamentary system, or for that matter yours. But it's immeasurably better than the Brexit alternative!

    ReplyDelete
  2. I don't think you have studied The EU in great depth. The EU bureaucracy is about the same size as the bureaucracy running Birmingham (our 2nd city).
    EU commissioners are chosen by each government, and then voted in by EU parliament, which could claim to be more democratic than our own parliament. EU commissioners only propose legislation, it is then voted on in parliament.
    The 2 biggest voices in the EU are Britain Germany.So legislation is not imposed on us,we play a very big part in its formation.
    It's not perfect, anymore than our parliamentary system, or for that matter yours. But it's immeasurably better than the Brexit alternative!

    ReplyDelete
    Replies
    1. Godfrey... What do you have a 'say' in? Let's start with the Euro, even though I realize you do not use it. The EU does not pool sovereignty. (If you were pooling your gold reserves and tying the Euro to it, you would be.) 'Pooled sovereignty' is a propaganda term; the Euro pools debt. The value of the Euro is the value of the debt it measures. So if you use the Euro, you are allowing others' debt to be pooled with yours, lowering the value of the debt and therefore the currency.

      But since you guys do not use the Euro, you are devaluing your competitiveness instead. Since no one refinances a debt at a higher interest rate, pooling debt requires ever cheaper money. This means the Euro has to devalue against the Pound, making your products and services more expensive and less competitive. So when another country is inefficient, increasing the pooled debt, it offsets any gain you might enjoy for being efficient by making your products more expensive.

      This arrangement actually punishes you for improving things in the economy. It is a race to the bottom which transfers wealth to those who control the money supply. In a sense, it is the First and Second Bishops Wars all over again. The bureaucrats want to enforce their desired order so they confiscate the money supply... I'll leave you with an observation Thomas Jefferson made...

      "If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers occupied. The issuing power of money should be taken from the bankers and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies."

      Delete
  3. 'The value of the Euro is the value of the debt it measures. ' - really ? It seems to me that it is a little more complicated than that, but that your entire argument against the EU is predicated on that flimsy and unsupported statement. It'd be interesting to see an expansion on that assertion, with some evidence backing it up, and how that counters all of the other, many benefits that the EU brings the UK eg security, free trade

    ReplyDelete
    Replies
    1. Will... Money will always be a unit of measure for value, just as a foot will always be a unit of measure for length. But since we don't exchange rulers, we do not worry about the 'value' of the foot going down. Since we do exchange money, attending to the value of the money itself is crucial.

      Before the end of the Bretton Woods monetary system, our money measured our claim on gold/silver held in reserve on our behalf. That is no longer the case, but our money is still a unit of measure. So what does it measure? At the end of the day the worth of a currency is determined by the demand for that currency. That demand comes in the form of investment in debt denominated in the currency. To boil it down to an easily understood statement, the value of a currency is the value of the debt denominated in that currency.

      The PM just made the case that Britain does not have to contribute to bailouts for other EU countries under the terms of this new 'deal'. This is nonsense because when Euros are conjured up by the ECB to bail out other countries, the value of the Euro goes down. This makes the value of the Pound stronger vice the Euro, making British exports less competitive. So Britain cannot escape making a contribution - only it is a hidden contribution, sacrificing competitiveness.

      Lastly, under today's monetary system 'free trade' is mathematically impossible because the supposed 'gains' are lost to currency devaluations forced by pooling debt in a single currency.

      Will, the EU is, plain and simple, a massive banking fraud perpetrated on an unsuspecting public who has lost their familiarity with the basic concept of money. If you want to see an object lesson in what sovereignty eventually looks like in a debt pool, see Greece. We need no more evidence that what is right in front of us. If we'll just set aside the EU propaganda and be honest with ourselves.

      Wishing the best for the United Kingdom... Run as far and as fast as possible away from this fraud called the EU.



      Delete

Don't Miss