The Right Approach to Brexit; Comparing One British Politician to Trump and Hillary

By: Mike Shedlock | Mon, Oct 17, 2016
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Daniel Hannan, a British member of the European Parliament (MEP), made an eloquent, impassioned speech this weekend on what should take place in Brexit talks.

After listening to Hannan on Brexit, regulation and trade, I am certain he would make a far better US president than anyone in the entire field from 18 months ago.

A few videos will make the case, the first is only a minute long.


Hannan on Switzerland and a Reasonable Brexit Approach

Some may that was a self-serving speech. Perhaps, it was. However, Hannan's proposed framework is also in the best interest of the EU.

Unfortunately, the Eurocrats are far more interested in punishing the UK than negotiating a win-win settlement. Doing so makes the EU nothing more than a prison, with walls restricting trade.

Outside of war, it never make sense to restrict trade. But here we are, with the EU bound and determined to punish the UK, even though they will fear even worse by doing so.


Hannan on Brexit

I was so impressed with Hannan's speaking ability in that short clip, I sought out more videos. Here is a great 12 minute clip from June 15, prior to the Brexit vote.


Partial Transcript

We need to look not at a fantasy union that is all about peace and collaboration among nations, but rather look at the one that has in fact taken shape under our noses: a racket far from benefiting the least well off, takes money from low and medium income people and give it to most privileged and to the biggest corporations.

Just ask yourself why is it that the mega-banks and the multinationals are pouring money into the remain camp. Why is it that Goldman Sachs, JP Morgan, Citibank, and Morgan Stanley and all the rest are funding the people campaigning not to let us recover our independence.

I'll tell you why. The biggest surprise to me, when I was a newly elected MEP was the extent to which these giant corporations wanted more regulation. I had supposed, being elected as a conservative that being private enterprises, they would want freedom of action. I was disabused of that within a week of arriving. They love regulation because they can afford the compliance costs more easily than their smaller rivals. They have captured the Brussels machine and used it to raise barriers to entry, very good use for the cartel of established multinationals, very bad news for the innovator, the startup, the entrepreneur.

And that's why the European Union is falling further and further behind. … That's why despite being myself, within that privileged caste of eurocrats with large salaries and tax expenses, I am inviting you to fire me.

Anyone in the US delivering such a speech, with such passion, would have won the nomination and the election.


Trump and Hillary Debate

Instead of having an honest discussion, by impassioned speakers, the US debates look like this.

Please play the videos. The first is short. The third is hilarious, but it's also a sad testament to what transpires for politics in the US.

Sadly, the US has no one like Hannan, an eloquent speaker who understands trade, and is willing to take a personal financial hit simply because it is the right thing to do for the country.


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Mike Shedlock

Author: Mike Shedlock

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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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