The European Movement was responsible for Black Wednesday

The British membership of the EU has always been the responsibility of the "European Movement", a shadowy organisation that was established after WWII as part of the post war plan for pacifying Europe. The European Movement set up and arranged the finance for the Remain campaign in the EU Referendum, opposed the euro-sceptics in the Irish referendums and campaigned for the "People's Vote" etc.

In 1990 the UK began the preliminary adjustments to join the Euro. This involved being a member of the ERM (The European Exchange Rate Mechanism) in which the exchange rate of the pound versus other European currencies was fixed.

On 16th September 1992 the foreign exchange markets began selling pounds and the Bank of England at first intervened too late and then, with the German Bundesbank withdrawing support, was unable to contain the rout as the pound went into free fall.

John Major formed an inner cabinet of advisers to deal with the crisis consisting of himself, Ken Clarke, Michael Heseltine and Douglas Hurd. Clarke is Vice President of the European Movement UK, Heseltine is President and Hurd is a "Patron". The Chancellor, Norman Lamont, was excluded from the inner cabinet.

As the pound continued to slide the inner cabinet decided to raise interest rates to 15%. The housing market went into a tailspin as people with variable rate mortgages (most home buyers) realised they could no longer afford their homes. Ken Clarke can be heard on the radio below being cheerful about the 15% interest rate - if it saved UK membership of the EU then so be it.

Even when it was obvious that the UK had to leave the ERM Douglas Hurd came up with a procedural delaying tactic involving negotiating an exit from the ERM with the member states. The UK could have left unilaterally at any time (this was before the Lisbon Treaty). The European Movement's inner cabinet was happy to pay any price to keep the UK in the EU.

The major beneficiary of Black Wednesday was George Soros who speculated billions against the pound and made his fortune. Anyone who believes that Soros is on their side should understand that his first love is money.

After the EU Referendum Ken Clarke was touted by the pro-EU press as being the impartial "compromise candidate" who could be caretaker Prime Minister after May lost support. He was Vice President of the fanatical European Movement!

21/8/2020

Ken Clarke confesses to the role of the European Movement in the BBC Radio 4 program "The Reunion":

The formation of a European Movement inner cabinet

Raising interest rates to 15%

Delaying exit from the ERM at huge cost.

Comments

The Falklands have always been Argentine - Las Malvinas son Argentinas

"The Falklands have always been Argentine" is taught to every Argentine child as a matter of faith. What was Argentina during the time when it "always" possessed Las Malvinas? In this article I will trace the history of Argentina in the context of its physical and political relationship with "Las Malvinas", the Falkland Islands. The Argentine claim to the Falkland Islands dates from a brief episode in 1831-32 so it is like Canada claiming the USA despite two centuries of separate development. This might sound like ancient history but Argentina has gone to war for this ancient claim so the following article is well worth reading. For a summary of the legal case see: Las Malvinas: The Legal Case Argentina traces its origins to Spanish South America when it was part of the Viceroyalty of the Rio del Plata. The Falklands lay off the Viceroyalty of Peru, controlled by the Captain General of Chile. In 1810 the Falklands were far from the geographical b...

The Roots of New Labour

This article was written in 2009 but is still useful to understand the motivation behind New Labour - from the global financial crisis through the over-regulated, surveillance society to the break up of the UK into nationalities. The past lives of Labour Ministers have long been sanitised and many biographies that include their shady communist and Marxist pasts are inaccessible or removed from the net. The truth about these guys is similar to discovering that leading Tories were members of the Nazi Party. If you are a British voter and do not think that this is important then I despair for British politics. Had these people taken jobs in industry their past might be forgotten and forgiven but they continued in left wing politics and even today boast of being "Stalinist" or International Socialist (or in Blair's case, Trotskyist ). Peter Mandelson (first Secretary of State and Labour Supremo): "Mr Mandelson was born into a Labour family - his grandfather wa...

Practical Idealism by Richard Nicolaus Coudenhove-Kalergi

Coudenhove-Kalergi was a pioneer of European integration. He was the founder and President for 49 years of the Paneuropean Union. His parents were Heinrich von Coudenhove-Kalergi, an Austro-Hungarian diplomat, and Mitsuko Aoyama, the daughter of an oil merchant, antiques-dealer, and huge landowner family in Tokyo. His "Pan-Europa" was published in 1923 and contained a membership form for the Pan-Europa movement. Coudenhove-Kalergi's movement held its first Congress in Vienna in 1926. In 1927 the French Prime Minister, Aristide Briand was elected honorary president. Personalities attending included: Albert Einstein, Thomas Mann and Sigmund Freud. Figures who later became central to founding the EU, such as Konrad Adenauer became members . His basic idea was that democracy was a transitional stage that leads to rule by a new aristocracy that is largely taken from the Jewish "master race" (Kalergi's terminology). His movement was reviled by Hitler and H...

Political Thoughts - the magazine

Search This Blog