The gay diversity-hire Prime Minister of Ireland – called the taoiseach, which apparently is pronounced “tea-sack”, which opens one up to all sorts of hysterical puns due to the fact that the current one is gayer than springtime – has tried to run Project Fear again on the British people:

Leo Varadkar taunted Britain last night – saying it has become a ‘small country’ as it presses ahead with Brexit.

The Irish leader said the EU would have the ‘upper hand’ in post-Brexit trade talks, which formally begin after Britain leaves on Friday.

He warned the bloc would try to force big concessions on fishing rights for EU trawlers by exploiting Britain’s ‘weak position’ on access to Europe’s financial markets.

Speaking in Dublin about the trade talks, Mr Varadkar told the BBC: ‘I don’t think the UK has yet come to terms with the fact it’s now a small country… I think the reality of the situation is that the European Union is a union of 27 member states. The UK is only one country.

‘And we have a population and a market of 450 million people. The UK, it’s about 60 [million]. So if these were two teams up against each other playing football, who do you think has the stronger team?’

His comments sparked fury from Brexiteers. Former Tory leader Sir Iain Duncan Smith said: ‘The UK has the equivalent GDP of 18 of the EU’s smallest 27 countries; is the biggest export destination for the EU; the fifth largest export destination in the world; has the third most potent defence forces in the world… Small? Not really. The EU will be much smaller without the UK and our money.’

Mr Varadkar admitted Britain was in a ‘very strong position’ on fishing waters, which Mr Johnson has vowed to fully reclaim after Brexit.

But the Irish PM warned the bloc could downgrade the City of London’s access to financial markets to bounce the UK into allowing EU trawlers in its waters.

He said: ‘If financial services and entertainment… are cut off from the single market, the Europeean market, that will be a very severe blow to the British economy. So, you may have to make concessions in areas like fishing.’

Trawlers from France, Belgium, the Netherlands, Denmark, Ireland, Sweden, Germany and Spain rely on access to UK waters and their fishing industries could collapse if it is withdrawn. EU diplomats say the bloc is ready to play hardball over the issue.

Mr Varadkar’s comments came as internal negotiating documents seen by the Mail revealed Brussels will demand that existing fishing rights for EU trawlers are continued after Brexit.

But the Prime Minister’s official spokesman said: ‘We are going to be taking back control of our own fishing waters. The EU should be in no doubt about our determination on that issue.’

I call liberal politicians dumbasses all the time. Rarely has it applied more thoroughly and completely to any one individual. This particular twink has his head shoved so far up his own arse that he could probably taste every meal twice.

(If you find that metaphor repulsive, take comfort in the fact that I was originally going to write that the dude has someone else’s LITTLE head shoved up his ass, but I couldn’t figure out how to end one disgracefully enough. And what I used instead was already pretty awful. Thank Heaven for small mercies, sonny.)

The little tea-sack there claims that Britain will be bent over a barrel in trade talks with the EU. He offers almost no numbers to back this up whatsoever, but is instead simply relying on bullying tactics and fear.

He really should have done some maths first, because the people who should be absolutely shitting their pants right now are not the Brits, who are leaving the clutches of the giant vampire squid that is the European Union by the end of this week – praise be to Almighty God and hallelujah!!!

No, the people who should be wetting themselves in fear are the Euzis.

Here’s why.

If you go lookup the actual trade numbers that the UK posts with the rest of the world, you will immediately spot some very interesting facts. The data involved all come from the United Abominations COMTRADE database on international trade.

I went and had a look at the 2018 data for exports from the UK to the world, and imports to the UK from the world. I downloaded said data into a Gnumeric spreadsheet – for those of you who don’t speak Geek, Gnumeric is an open source spreadsheet program for Linux (and other platforms, nowadays) that performs roughly 80% of the functionality of Microsoft Excel, for free, without all of the “enhanced user experience” that has plagued Microsoft’s stuff since Office 2010. If you want a copy of that sheet, just email me and ask.

I then did a simple lookup for all of the countries that the UK trades with. The list is 241 countries in length. In one column, I had all of the exports. In the other, I had all of the imports. I put in a third column where I subtracted imports from exports, to get the net trade balance.

As of 2018, the data say that the UK ran a net trade deficit of $175 billion.

Now remember, that is the net trade deficit with the entire world. What about the trade that the United Kingdom does with just the European Economic Community?

Let’s take a look at the numbers there:

EU COUNTRY	BALANCE
Austria	(2,490,000,000)
Belgium	(15,750,000,000)
Bulgaria	(95,630,000)
Croatia	131,590,000
Cyprus	308,720,000
Denmark	(5,240,000,000)
Estonia	67,040,000
Finland	(1,350,000,000)
France	(5,770,000,000)
Germany	(44,590,000,000)
Greece	370,000,000
Hungary	(1,800,000,000)
Iceland	(164,160,000)
Ireland	9,950,000,000
Italy	(12,760,000,000)
Latvia	(511,090,000)
Lithuania	(497,510,000)
Luxembourg	(230,660,000)
Malta	714,310,000
Netherlands	(21,360,000,000)
Poland	(7,400,000,000)
Portugal	(2,060,000,000)
Romania	(1,480,000,000)
Slovakia	(2,327,400,000)
Slovenia	(128,170,000)
Spain	(7,140,000,000)
Sweden	(2,180,000,000)
	(123,782,960,000)

Huh. Well lookee there. The UK has a net NEGATIVE trade balance with the entire EU, in the amount of US$124 BILLION.

Now, what do you suppose would happen if the EU simply blocked all British exports, out of sheer OUTRAGE at the fact that the Britons had the temerity, the audacity, the bare-faced CHEEK, to vote out of their grandiose social experiment.

It so happens that this works both ways.

The UK could then be perfectly justified in shutting down EU exports to Britain.

Guess who loses in that exchange?

Yep. The EU. Not the UK. And in fact, the UK would experience a net economic gain from simply shutting down imports from the EU.

It is not difficult to figure out why. The classic formula for calculating GDP is: C + I + G + X – M. This is a macroeconomic formula that essentially says that the sum total of everything that a country produces is: Private consumption, plus business investment, plus government spending, plus net trade balance.

You can argue and quibble about whether this formulation makes any sense. I think that it’s completely freakin’ retarded for a number of reasons, not the least of which is the fact that calculating these very simple terms is fiendishly difficult. And remember, I have a joint degree in economics from one of the very best schools in the business – or so they would like you to believe, anyway.

But that’s the formula. That’s what most countries agree is the correct method for calculating Gross Domestic Product. So let’s use it.

To put this in very concrete terms, let’s say that a country has a total GDP of 100 billion – I don’t care what the currency is, you could measure GDP in bull testicles for all I care.

Let’s break that down into:

C = 60 billion

I = 20 billion

G = 40 billion

X = 20 billion

M = 40 billion

Plug those numbers into the formula above, and you get exactly 100 billion.

Now suppose that X and M drop straight down to 0.

What happens?

Yep. GDP jumps UP by 20%, to 120 billion.

That is the position in which the UK finds itself. The UK has a total GDP, as of 2018, of US$2.825 trillion. If all of its exports to the EU, and all of its imports from the EU, dropped to zero overnight, that bumps their entire economy up by 4.4%, from doing precisely sod-all.

Furthermore, every other country in the EU that sends its exports to the UK, and has a net positive trade balance with the same, is going to find itself in DEEP cacky.

Put another way – the EU needs the Brits. The Brits don’t need Europe.

If you dig even deeper into the data, you’ll see some very interesting results. Not one EEC nation has the same level of trade with the UK that, say, the USA does – the UK exports over $65 billion to America and imports roughly the same amount.The UK also maintains a large positive trade balance with Switzerland – which is not part of the EEC and is free to form its own free trade agreements with other nations.

And if you look at the UK’s biggest trading partners, of the European nations, the UK has positive trade balances ONLY with Ireland and Switzerland.

So if the EU starts imposing heavy tariffs on, say, British meat and poultry and dairy products and manufacturing, the British can retaliate very easily and start imposing heavy selective tariffs – because they will have that ability once they leave the EU on the 31st – on French whine (not a typo), Germany cars, Danish butter, and Latvian milk.

This brings to mind a superb point raised by His Most Illustrious, Noble, August, Benevolent, and Legendary Celestial Majesty, the God-Emperor of Mankind, Donaldus Triumphus Magnus Astra, the First of His Name.

Remember back when he said that he likes trade wars, and that “trade wars are good, and easy to win”?

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!

— Donald J. Trump (@realDonaldTrump) 2 March 2018

Look at the comments on the God-Emperor’s tweets. Oh, how they LAUGHED at him when he made this point!

Fast-forward two years, and look at what has happened. The USA used to run an over $300 BILLION trade deficit every year with China – but earlier this month, that trade deficit finally narrowed to its lowest level in three years.

The lying whorenalists of the mainstream (((media))) – Lord, forgive me my redundancies – of course refuse to acknowledge that the God-Emperor’s policies had anything whatsoever to do with this. But the fact is that his willingness to use tariffs as a weapon has proven highly effective.

Britain is going to discover this in the coming days. The gay brown leprechaun over on the other side of the Irish Sea is going to discover, to his great consternation and surprise, that the EU’s economic power has been VASTLY diminished.

The British economy is already the size of the 18 smallest economies in the bloc. The British contribute 13% or so of the EU’s entire budget, and they are one of the 10 nations that pay more than they get back in terms of rebates and payments in return. The Brits are paying a shit-ton of money to get out of the whole mess – but after 2021, they don’t have to pay out anything more to the EU and in 2020 the Pomms will be free to sign trade deals with anyone and everyone, on their terms.

The EU hasn’t lost one country, economically speaking. It has lost 13% of its budget and eighteen economies in one fell swoop.

The Irish Prime Minister might like to believe that his country’s exports to the UK are sufficient to convince the Brits that they did something stupid – but they will not have much of an impact.

And the threat to cut off British access to the EU’s financial markets is not only empty, it is profoundly stupid.

I worked in London for a while, back between 2014 and 2015. There is nowhere in Europe that has the level of infrastructure and financial power that London does. The Germans have been trying to build Frankfurt into an alternative to London for years, and Zurich is definitely a competitor, but in terms of the relative sizes of the financial sectors, London is far and away the biggest centre in all of Europe.

To give you some basis of comparison, the London Stock Exchange is the largest in all of Europe, while Frankfurt-based Deutsche Boerse is the third largest. The Krauts have got a ways to go to catch up to the Tommies – yet again.

Now, the Euzis could make good on their threat to block British access to European clearinghouses for derivatives. That would, in fact, be a disaster for the Brits.

Even here, though, the Euzis still haven’t done the maths.

The London Clearinghouse (LCH) and London Metals Exchange (LME) are two of the world’s biggest exchanges and clearinghouse operations. The LCH alone handles roughly 50% of the world’s entire swap derivative transactions every single day.

If the Euzis want to cut themselves off from accessing the full depth and breadth of London’s financial services, hey, that’s up to them. But it would take them years to replace the lost volume, liquidity, and expertise.

I used to work for the top German global investment bank. They have spent years since 2016 moving operations from London to Frankfurt in preparation for Brexit. And they still haven’t figured out how to transfer all of that knowledge and skill over from one location to the other.

Now imagine that problem being replicated all over Europe, but without the ruthless German efficiency and drive to get things done.

The picture suddenly looks very bleak indeed for Europe, and very bright for the UK.

Quite simply, the United Kingdom is FREE to map its own national destiny. And because of its balance of trade, its strength as a global financial centre, and its ability to set its own economic and trade policies, Britain will prosper while the rest of Europe lags far behind.

In fact, here is the reality of Brexit for the rest of the EU, expressed in simple pictorial form:

I singularly fail to see why that would be a Badness Thing.

Raise your horns, lads, and toast to Britain’s freedom. It may well be a near-bankrupt rock in the middle of the North Atlantic that is cold, dark, damp, moss-covered, and full of people that are grumpy and drunken and morose and who drink flat warm beer with twigs and bits of soil floating in it and whose food is tasteless and heavy and clogs up toilets when it is passed.

But it is also the source of the greatest empire that the world has ever seen. It is also the country that gave us the happiest geopolitical alignment in human history, the Anglosphere. And it is the country that gave birth to the freest and most advanced nations in the world – especially the United States of America.

God bless Britain. God bless the free nations of the world.