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Euro Area`s main import partners are the United Kingdom with 10% and China with 12% of total imports

A no-deal Brexit is not only bad for the United Kingdom but also for the Euro Area. They will both loose on it and that`s why a win-win should be a goal for them both. Populist-Italy is already into a recession, and other Euro Area-countries can follow.

Main imports in Euro Area are energy, manufactured goods and machinery. Main import partners are China with 12 percent of total imports and United Kingdom with 10 percent. Imports rose 1,9 percent in December 2018, while exports fell 2,5 percent in the same period.

According to Comtrade`s database, United Kingdom take most of their imports from Germany. 14 percent of their import comes from Germany and a no-deal Brexit means less German cars sold in the U.K. Total value of German imports came in at $89.23B in 2017.

9,5 percent of the import comes from China and 9,4 percent comes from the United States. Both of them outside of the Euro Area. The value of the import from China was 59,78B, and 59,75B from the U.S in 2017.

When it comes to export, the U.K`s biggest trading country is the United States which account for 14 percent. Second is Germany with 11 percent with France on third with 7,6 percent. Total value of exports to the U.S is $59,09B. Germany; $46,64B.

As you can see, the U.K are in balance with the U.S but when it comes to Germany they buy twice as much as the sell to the Germans. In other words they have a trade deficit with Germany. A no-deal Brexit can end up with less BMW and WV cars and more Tesla`s in the U.K.

German factories will lose money and market shares while other brands and countries will prosper. We will face a radical shift in the trade balance.

56 percent of the U.K exports goes to Europe while 40 percent goes to Asia and America. The economy is slowing down and the British economy grew by 0,2 percent on quarter in the three months to December last year. In comparison; the U.S economy advanced an annualized 3,4 percent.

The U.K trade deficit decreased to GBP 0,32 billion in December of 2018. Imports declined 1,6 percent to GBP 55,85 billion and exports fell at a slower 1 percent to GBP 52,62 billion. Balance of trade reached an all time low of -5749 GBP million in October of 2013.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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President Emmanual Macron criticized President Donald Trump for being a Nationalist but should take a lesson from him

French President Emmanuel Macron criticized the U.S President Donald Trump a few weeks ago. Macron said Trump was a Nationalist, and Mainstream Media (MSM) followed up to say that Hitler was also a Nationalist. Wow, what a comparison.

What journalists in the MSM is not telling people is that even Mahatma Ghandi was a Nationalist. The National Movement in India and the role of Mahatma Ghandi and Non-Violence is an example. Employing nonviolent nationalist movements as his weapon, Ghandii stirred Indian men and woman to «fight» for independence without shedding blood. But Ghandi was also a populist. Just like Trump.

Ghandi considered himself one, and his mission was primarily the establishment of a free, independent, culturally distinct Indian nation. He used to say that “nonviolent nationalism is a necessary condition of corporate or civilized life.” (As opposed to violent nationalism).

In the book “Autobigraphy of a Yogi” the writer, Paramahansa Yogananda, quotes Ghandi`s own words on nationalism:

“I call myself a nationalist but my natioanlism is as wide as the universe; it embraces all nations. My nationalism includes the prosperity of all nations. I do not want my India to raise on from the ashes of other nations. I do not want India to ever exploit any human. I want a strong India able to transfuse its strength to other nations.Today, none of the European countries does this; they do not transfer power to other nations.”

Ghandi was also a populist. Who know that? Populist rule is bad for democracy, but despite that, we can see that populists are being voted into office in country after country. Narendra Modi win elections when the institutionalized ties between non-populist parties and voters decay.

But there is a big difference between the populism we see outside of the U.S than inside. Trumps populism is good populism while many of the other populists are bad. Trumps plan is “America First,” and that`s why he is cutting taxes, made a lot of reforms and negotiated better trade deals.

There is no doubt that European Union is important, but at what cost? Take a look at President Macron. The man who talked about Trump`s Nationalism in his speech while MSM followed up with Nazi stories.

But who is in real trouble here? Rebels in Paris blasts Mr Macron for his gas tax hikes. The opposite of what Trump did. He cuted the taxes and the U.S economy is booming. The U.S unemployment is low while it remain high in France.

This is not the fist time I`m writing about the protesters in France. This is something that has been going on for years and decades. France need to do something to make a change, but do Macron have something to learn from Trump? It remains to see.

But it seems like Macron is doing the opposite of Trump who are a Nationalist and a Patriot. Trumpis doing what he can to protect his own citizens. Its all about "America First" and he wants to Make America Great again. Whats wrong with that?

President Macron is a part of the European Union which is driven by faceless bureaucrats. A collaboration the United Kingdom wants to leave. A collaboration that communist Jeremy Corbyn want to join again. Done by a second referendum.

But Paris rioters steal police rifle and torch cars while they are protesting fuel taxes, but the demonstrations are also an indication of growing animosity toward Macron. President Trump is on his own people`s side but President Macron seems to be against his own people with bad decisions.

People in France believe that Macron is serving the interest of the EU and not the French workers. A President should represent the people, “We the People,” but the French protest movement, known as jilets jaunes (yellow vests), are protesting against its own President and the state of France`s economy as well.

President Macrons popularity is low and will be so for quite some time, because he has given no indication he will bend to the peoples demand. This will give Macron`s political competitors like Marine Le Pen a huge advantage.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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