{"id":33124,"date":"2019-04-21T10:34:33","date_gmt":"2019-04-21T14:34:33","guid":{"rendered":"https:\/\/cosmicconvergence.org\/?p=33124"},"modified":"2019-04-21T10:57:44","modified_gmt":"2019-04-21T14:57:44","slug":"wrexit-trio-of-traitors-may-merkel-and-macron-conspire-to-sabotage-brexit","status":"publish","type":"post","link":"https:\/\/cosmicconvergence.org\/?p=33124","title":{"rendered":"WREXIT: Trio of Traitors May, Merkel and Macron Conspire to Sabotage Brexit"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Luongo: Act II of the Most Important Political Event of the 21st Century Begins in May<\/h1>\n

by Tom Luongo<\/p>\n

Brexit is the most important political event of the 21st<\/sup>century. It cuts across so many of the dominant narratives playing out daily in the headlines that it is almost mind-boggling.<\/p>\n

\"Luongo:<\/div>\n

In fact, just about any theory you can dream up as to why Prime Minister Theresa May has worked so assiduously to betray and delay Brexit likely has an element of truth to it. I could spend this entire article listing them.<\/p>\n

The biggest issue, of course, is that the European Union is a project without end. Its goal is creating the template for world government with only nominal nods to individual states still retaining control over their destinies.<\/p>\n

But they don\u2019t get to do so over anything that actually matters. And not in perpetuity, either.<\/p>\n

So, with May openly conspiring with German Chancellor Angela Merkel on pushing back the date of Article 50 to Halloween, it\u2019s clear that the next six months will be used to step-by-step end this pesky Brexit nonsense once and for all.<\/p>\n

Unfortunately, this is only the first stage of not only Brexit, but also of a sovereigntist uprising across Europe rapidly waking up to the reality that the EU they signed up for is not the EU they now have.<\/p>\n

And plans for the future are even worse.<\/p>\n

From little Latvia to powerful Britain, political outcomes across Europe have been a steady rebuke of the EU\u2019s direction.<\/p>\n

May\u2019s betrayal was obvious from the moment she presented her Withdrawal Agreement, which isn\u2019t an \u201cagreement\u201d but an international treaty. This was a document written by Merkel and the EU, and it was May\u2019s job to sell it to the Parliament.<\/p>\n

She failed and the fallback plan was to then split British parliament over Brexit and weaken it as a political body in the aftermath. A divided house cannot stand and it won\u2019t in the next few months as May and Labour leader Jeremy Corbyn, the weakest major party leader in the world, eventually come to an agreement that results in no Brexit at all.<\/p>\n

It will leave the U.K. in a voiceless state subject to the EU\u2019s edicts, supporting it through transfer payments. That will be its punishment for having defied Brussels\u2019 rule.<\/p>\n

As Nigel Farage said recently on the floor of the European Parliament, Brussels always wins.<\/p>\n

And that\u2019s the message Brexit is supposed to convey to everyone around Europe.<\/p>\n

\u201cDefy us and we will destroy you. See what we\u2019ve done to the mighty Brits?\u201d<\/p>\n

But the reality is that the EU always played with a stacked deck. And that deck is showing its marks to everyone now.<\/p>\n

For months, opposition to May and parliament\u2019s plans to scuttle Brexit has been hardening. No-Deal Brexit<\/a> is more popular now than it ever has been. The opinion polls all bear this out. And it has caused a shift in the political axis in the U.K. that is happening faster than that of the North Pole at this point.<\/p>\n

It is no longer Tory vs. Labour in the U.K. The dividing line is now Leave vs. Remain. And nothing says that more than the early polling coming out of the U.K. for the European Parliamentary elections.<\/p>\n

Farage\u2019s Brexit Party, just a few weeks old, is leading in the polls.<\/p>\n

That bears repeating.<\/p>\n

Two YouGov Polls have Brexit leading, one with 23% and the other with 27%. <\/a> Tory support has collapsed to 15%, and that is catastrophic. Once you drop below the 16% Chasm<\/a> extinction is a real possibility.<\/p>\n

\"\"<\/a>

You will find more infographics at Statista<\/p><\/div>\n

This idea of the \u201cChasm\u201d is Everett Rogers\u2019 Diffusion of Innovation theory applied to practical politics. I\u2019d argue that politics is one of the best venues to apply these ideals. Protest votes can garner 15 to 16% of the electorate during a campaign but they have a hard time breaking through that ceiling.<\/p>\n

There\u2019s a \u201cchasm,\u201d as Chris Maloney describes it, where a rebranding has to take place. Where the protest has to re-market itself to the community as vital to improving the lives of everyone. In politics, it means going from the \u201cAnti-Tory Party\u201d to the \u201cBrexit means Brexit\u201d party.<\/p>\n

It means speaking for the entirety of the U.K. and its well-being.<\/p>\n

The hard part in politics is once you reach the Chasm, regardless of voting system, the major parties adopt your platform points somewhat and mollify the next tranche of the electorate vulnerable to the sirens\u2019 call of the new guy.<\/p>\n

Voters tend to vote for small, incremental change, rather than upend the apple cart and start slitting throats, to invoke H.L. Mencken.<\/p>\n

That\u2019s why UKIP failed to capitalize on the 2015 election result and Farage was right to leave them when he did. They weren\u2019t focused on Brexit. They became focused on the wrong things, and so he left. The new leadership spoke to fewer people and now they poll just 6%.<\/p>\n

In the lead up to the March 29 deadline, UKIP saw its numbers rise back to 10%, again a protest vote against May\u2019s handling of Brexit. But look at the YouGov polls. They\u2019ve collapsed back to their baseline now that there is a real alternative that speaks to the center of the country on the scene.<\/p>\n

It will help them that prominent media personalities like Paul Joseph Watson and Carl (Sargon of Akkad) Benjamin will stand as MEP\u2019s for them. But they have a long way to go to become a driving force in U.K. politics.<\/p>\n

The important point here for investors is that Brexit isn\u2019t over. It\u2019s only on hold. The EU elections could be an atomic bomb that atomizes the sclerotic political structure of the U.K. It could usher in chaos in a way that is both unnerving to markets but ultimately healthy for a sick and dying U.K.<\/p>\n

Farage and the Brexit Party could easily take 30-plus percent of the vote next month. That won\u2019t be a protest. That will be a prologue of what comes next in the inevitable general election. The Tories may never recover. One only has to look at Germany and Italy to see what\u2019s next for them.<\/p>\n

Nothing could be more telling than the market response that left the EU in a commanding position on Brexit and the euro couldn\u2019t rally against the U.S. dollar. It\u2019s threatening another breakdown below $1.12 to new lows now. Gold dropped right alongside as the scramble for dollars I\u2019ve talked about before intensifies.<\/p>\n

We\u2019re still seeing capital flee Europe as Brexit leaves center stage and the real problems come back to the foreground, namely Italy\u2019s intractable debt and fiscal issues. Markets aren\u2019t stupid. They know what the problems are. Stay bearish on European assets of all flavors as<\/p>\n

As Act I of the Brexit saga ends, the next phase begins. And it promises to be a doozy.<\/p>\n

___
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