Martial Law, Empty Stores, Pound Rises, Bitcoin Falls Amidst Threats of Nightmare Brexit – Trustnodes

Martial Law, Empty Stores, Pound Rises, Bitcoin Falls Amidst Threats of Nightmare Brexit


“The overriding theme in all the no-deal planning is civil disobedience and the fear that it will lead to death in the event of food and medical shortages,” a source told the Sunday Times in a report detailing preparations by the civil service for potential martial law if Britain leaves in two months with no deal.

“[Martial law] remains on the statute book but it isn’t the focus of our attention,” Health Secretary Matt Hancock told BBC’s Andrew Marr.

Now retailers have penned a paper to say food will run out if Britain leaves without a deal in a fall back to World Trade Organization rules.

“While we have been working closely with our suppliers on contingency plans, it is not possible to mitigate all the risks to our supply chains and we fear significant disruption as a result if there is no Brexit deal,” the retailers say in the letter to MPs.

Political propaganda, or time for Brits to stock up beans? Who is to know in high politics, but the price of Pound is telling an interesting story.

Pound/dollar price on 4h candles, Jan 28 2019.

Before this bull run, pound was falling and falling. Then May calls off a vote on her deal in December and traders see green.

A no confidence vote followed on May’s leadership by her own party. The mere suggestion of it would have sent any other Prime Minister out of the door. She, however, is no ordinary Prime Minister. She is in fact the last woman standing.

The most humiliating defeat in British history would have seen any other PM tomato faced with shame. Yet a roaring speech by Machiavelli Gove, who may well be the one running the hole show, whipped them all into party lines with labor’s turn for a no-confidence vote seen off by just about ten parliamentarians.

Throughout this drama in a game of thrones the pound has effectively roared, but why?

Finance and the ordinary people are often seen as two completely different worlds, but it often happens that where it concerns such things as the price of the pound in these specific circumstances, finance actually quite often tends to reflect the voice of the people.

The backstop was seen by some – though never spoken and forget we are about to speak it – as a plot by tiny Ireland to annex Northern Ireland with the backing of EU.

Proud Britain would have been humiliated and its sovereignty at risk before out of touch parliament even had a chance to pretend they sovereign.

The defeat thus was a sigh of relief that there might not be constitutional questions which could amount to existential questions.

In a far too plain language, if the backstop had gone through it would have signaled the beginning of geopolitics in Europe for its nature could have been seen as a seed of animosity.

Its defeat, therefore, was met with relief. Parliament’s continued grabbing of powers from the executives in a very British coup may have added more to a general optimistic sentiment in the price of the pound recently.

The potential of a united parliament, including Brexiteers, on a single market deal where Britain leaves EU’s political institutions, but not free market ones, may have further strengthened the pound bulls.

So while they speak of calamity, the market actually appears to be quite optimistic and relieved that Britain is in its current position as compared to where it was in December.

Of course there’s still plenty of room for things to go wrong, but it now appears more likely that Britain will leave amicably rather than under a pretty hostile deal as some principled ones may have seen it.

Meaning parliament has perhaps done its job in fleshing out the complexities. The matter now, rationally, has to go back to the people. Not in a referendum. They voted for brexit and that’s fine. Britain is an island. That naturally puts some distance. Europeans should be happy for it anyway because they can now go on with further integration and so on.

Instead, there has to be an election so that the British people can decide what flavor of Brexit they want. Do they want May’s red lines or Corbyn’s.

They both are brexiteers. Corbyn actually believes in brexit while May is just doing her job, but still there would be no question of brexit or no brexit. There would rather be a question of: which brexit?

An exit from the European Union without a brexit election now that all options are a bit more clear would probably not a have a mandate or legitimacy in the eyes of many British people.

That’s especially when considering last month’s events which make an election a necessity for the decision is so grand the people have to have a say on just what Brexit they want.

Article 50 therefore could be delayed to allow for democracy to take place so that there is a mandate which can not legitimately be criticized.

That may also allow for a continuation of very friendly relations with Europe as it would be the British people deciding, thus the decision wouldn’t easily be open to criticism.

It is perhaps this potential unfolding of events that may have led traders to price-in what they might think would be a far more sensible Brexit.

Some Brits are however apparently running to crypto with a new exchange seemingly swarmed. Yet that may be just as a hedge because despite some pretty stark warnings it does appear markets are actually quite optimistic for now.

Whether that will continue, tomorrow will have a say as parliamentarians start a series of votes in what could turn out to be one of the most remarkable show of democracy in action.

At the end of it there could even be a new invention. Perhaps a referendum based on the most popular parliamentary votes as the clock ticks towards the beginning of some fundamental structural changes that may well shape the world for decades to come.



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