Brexit: Escaping the Post Colonial Immigration Boom and the Debt Albatross

As the UK and the EU continue to seek to hammer out a deal for Brexit, the world watches as the flagellation surrounding the move intensify.  In a June 2016 vote, the UK determined it would leave the EU as saw that its contributions to the union far outstripped many other nations and the looming debt crisis in the EU threatened European countries through painstaking austerity measures.  The UK was being eaten alive by the imaginary debt created by imaginary money in a system of trade that has sat on the development of poorer nations and the valuation of currencies around the world.

Now with a new deadline looming, the UK continues to fitfully move forward seeking to create economic and trade engagement rules that make sense for the 28-member European Union.  Perhaps the UK saw what many in the EU did not have the foresight to see: that areas of high concentration move to areas of low concentration.  A formidable Economic osmosis is taking place, as areas with higher poverty and debt will move to areas of lower concentration.  Not only has the UK been inundated with immigrants from sub-Saharan Africa, but most notably its largest immigrants are coming from Eastern Europe.

According to figures from the Migratory Observatory from the University of Oxford, between 2004 and 2017 the number of immigrants doubled in the UK from just over five million to nearly 10 million.  Among the top ten nationalities for immigrants in the UK, Poland is number one on the list.  Following Poland, are India and Pakistan with Ireland and Romania competing for fourth place.  According to the Economic Times of India, at 80 Billion dollars, India tops the world in remittances.  The UK Home office tangentially confirms that number through corresponding immigration statistics and indications that “the overall number of people arriving in the UK to study has increased, with non-EU student immigration at its highest level since 2011,” the Office for National Statistics cites.

According to the UK Office  for National Statistics, the EU immigrant numbers have slowed in the UK, falling to its lowest level since 2014; perhaps due to measures being made in Great Britain’s Home Office, the department tasked with immigration flows and visa approvals.  Still data from the Office for National Statistics show that Britains immigration numbers are still rising.

The fallout from the economic crises of 2008 created ripples throughout the world, smashing fortunes from Europe to Japan.  The ensuing austerity measures engendered backlash from European citizens from Italy, to Greece and even more recently in France where citizens protested what they considered encroachment on their right to life and liberty in their Yellow Jacket protests.  The question now remains whether another economic crisis is looming from which the UK is seeking to extricate itself.

Does the UK know something that other European powers do not?  Is the world on the verge of another financial collapse more destructive than the first?  Perhaps we may then understand why China is moving away from U.S. dollars and why the U.S. is playing catch-up by any means necessary through its Trade War with China.  The imaginary money system continues to teeter as it reaches a critical mass and the UK scramble to extricate itself from the EU.

 

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