M Juncker, that well-known leader of the EU, once said “when it becomes serious, you have to lie”.
That seems to be the favourite attitude for all politicians, homegrown and foreign. We all remember the lies coming from Cameron’s “Project Fear” in the run-up to the EU Referendum vote on June 23rd. We all remember the lies coming from the EU heads, the EU member state heads, the OECD, and last but by no means least, the IMF.
They all unravelled, bit by bit, after the people voted for Brexit.
That’s the thing about lies: reality has a way of unravelling them. Sometimes it only takes weeks, as we’ve seen with the Brexit lies about all of us having to eat grass in the very near future because the economy would crash – or rather, be made to crash by unforgiving banks and businesses.
Other lies take a bit longer to unravel because we’re told that ‘experts’, especially economic ‘experts’, don’t lie – there’s a more elegant word for what they do: they ‘commit unavoidable errors’, with the addendum that ‘nobody could see this coming’.
The odd thing is that we ignorant nobodies could smell these lies for some time, but then again, not being ‘experts’, what do we know … we’re just blockheaded ‘conspiracy theorists’.
Here are some news picked up during last week which show that, yet again, we were right and they were wrong.
The most calamitous is about Greece. It’s not in the news nowadays – not because all the Greek troubles are over, but because the bad news of terrorist attacks were a good opportunity to hide other bad news. If all else fails, there’s always Brexit to blame. After all, Madame Lagarde of the IMF told us to stay in or else the world economy would crash.
Now it turns out that over the years, the IMF under her leadership has lied and lied to all involved about ‘saving Greece’. This is not from some conspiracy theorists, it is from the IMF-own ‘watchdog’, as the report here details. It’s worth reading in full.
The nicest point made in that report was that ‘the IMF was asleep’ during the build-up of that crisis which has brought untold misery to Greece. The not-so-nice point is that the IMF has been turned into a Euro-support system. While we’ve not joined the Euro, we do contribute to the IMF, and as long as we’re still ‘IN’, we also contribute to Brussels. So this concerns us, because it is our money, even though all those clever specialists in those high-powered institutions regard it as theirs to do with what they want.
Worse though is that we had our suspicions about what went on in Greece, but common-sense solutions, as we’ve seen over the years, were never found. Just as we were told by Madame Lagarde to stay in the EU, so the Greeks were told not to leave or else. Now we know: it was all about saving the Euro, and nothing else.
There’s another little hurricane brewing up on the front of economics. It ties in nicely with what happened in Greece, and with what happened here and in the rest of the world in 2008.
It’s about banks. Again.
There were rumblings about failing banks in Italy well before Brexit, and now the chickens are coming home to roost. The European Banking Authority did a ‘stress test’, to see how well European banks are doing – and the result is devastating. It seems that Italian, Spanish, Irish and German banks are carrying excessive burdens of bad debts, as does – see this – the Royal Bank of Scotland. But don’t worry – ‘rescue packages’ are at hand, just as they were for Greek banks.
Don’t be in any doubt that we’ll be made to pay, one way or the other. After all, we’re still ‘IN’, and it’s simply a question of upping our still payable contributions to Brussels so they can shuffle the money around to save the banks and the Euro. They have form …
Also don’t be in any doubt that the Remainers, especially those in the EU and in the IMF will use these devastating data to put the blame firmly on us, for voting ‘OUT’. It’s irrelevant that these bad debts have accumulated over time, and not in the few weeks since June 23rd – it’s about having a scapegoat on which to blame everything.
Looking at these various reports, one cannot help but feel that we, the ordinary people, were right to think we’re being lied to when the experts in those powerful international organisations tell us not to be stupid since they wouldn’t lie … until their lies are laid bare.
After all, they all subscribe to M Juncker’s statement: “when it becomes serious, you have to lie” …