This week Britain's inept Prime Minister Theresa May who stubbornly refused to do the right thing by resigning and thus further lost what little power she had left by means of two House of Common Votes, first on her EU Exit deal on which Parliament delivered a humiliating defeat on Tuesday, losing by 230 votes (432 to 202) the largest defeat of a Government in Parliamentary history which was then followed Wednesday's vote of confidence in her Government that only just managed to survive with the aid of 10 DUP MP's resulting in 325 to 306.

It should not come as much surprise that Parliament rejected May's deal which was nothing other than complete GARBAGE, one that gives the EU £39 billion for NOTHING in return! And then there is the 'backstop' or more accurately the 'backstab', a means by which to ensure that the UK can NEVER LEAVE the EU without the EU's permission!

Firstly, here's a video that charts how we got here from the triggering of Article 50 to the present crisis state, a trend trajectory that has put Britain literally on the path towards civil war as parliament subverts Brexit.

The So Called "Peoples Vote" Second EU Referendum

The campaign for a Peoples Vote was launched by Remainer MP's and celebs in April 2018, which include arch remoaners Chuka Umunna, Anna Soubry, Layla Moran and Caroline Lucas and a string of EU bureaucrats with many MP's jumping on board the 2nd referendum bandwagon in recent months such as the Shadow BrExit secretary Kier Starmer. So far not a single LEAVE voting MP has joined the Peoples Vote campaign which thus is clearly a REMOANER campaign aimed at preventing BrExit from ever actually happening.

Parliaments rejection of Theresa May's worthless bill has very little to do with wanting to honour the 2016 EU Referendum. Instead the 75% REMAIN Parliament see's Theresa May's deal as a HARD BrExit and thus wants to ensure a far softer BrExit. In fact BrExit in all but name by bolting on the likes of a Customs Union and Free movement of people. Towards which there is really only one mechanism that would bring this about and that is the so called "Peoples Vote", despite the fact that the 2016 EU Referendum WAS the real Peoples Vote AGAINST the Britain's ruling establishment.

The bottom line is that a 75% REMAIN Parliament has done everything it can to PREVENT BREXIT FROM EVER HAPPENING and thus an engineered 2nd EU Referendum is the most probable outcome of the current paralysis by design as a means for Britain's REMAIN establishment to ensure that REMAIN would WIN a second EU referendum through a multitude of measures and tactics such as by the way the 2nd referendum question would be worded as illustrated by the Financial Times (FT) recent video titled "BrExit: how to hold a second referendum" which more accurately should be titled "How to Fix a Second EU Referendum so that Remain Wins"

And so as I have often voiced over recent weeks that the REMAIN establishment's objective is to kick the Brexit date can down the road until a 2nd EU Referendum is held that would be FIXED to ensure that REMAIN wins. Which would require Article 50 to be extended so that the BrExit date is extended by between 6 and 12 months that the EU in recent weeks has signaled it's willingness to do so.

Whilst my consistent view since Article 50 was triggered in March 2017 is that Britain is on a trend trajectory to LEAVE the EU without an Exit Deal that Parliament is clearly seeking to prevent.

Britain in a Pre-Civil War State

The remain establishment effectively destroying democracy by deliberately seeking to subvert BrExit has put Britain into a pre-civil war state, where a fixed 2nd EU referendum would ignite the march of millions of angry LEAVE voters into the arms of right and left wing extremists, the likes rump UKIP, and far worse who would promise those who voted LEAVE the message of Britain being INSTANTLY able to LEAVE the EU, which perhaps would at least trigger a split of the Tory party. Thus today's remoaners in Parliament are effectively sowing the seeds for the destruction of Parliaments authority where as many as 15 million people would no longer recognise Parliaments authority after the subversion of their 2016 vote to LEAVE the EU, where instead a blatantly FIXED second EU referendum is being engineered that would open pandora's box.

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Your Analyst

Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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Comments

4caster
20 Jan 19, 14:58

BRINO

Well done Nadeem! I couldn't have put it better: except for paragraph 4 sentence 3: "In fact BrExit in all but name by bolting on the likes of a Customs Union and Free movement of people." What you mean is "Brexit in Name Only", because Free Movement of People, and remaining in a Customs Union, all subject to the EU Court of Justice, is not Brexit!

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