L00b Posted October 2, 2016 Share Posted October 2, 2016 I hope you all thought to buy your € and $ well in advance of today's conference Asian markets strongly suggest that the £ bloodbath resumes afresh tomorrow Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 2, 2016 Share Posted October 2, 2016 If anybody hasn't worked out yet just how much danger we are in then read what this guy has to say: http://www.telegraph.co.uk/news/2016/10/01/this-is-the-only-way-brexit-wont-plunge-us-over-the-cliff/ Basically if the options were fully explained no way would there be any kind of majority for hard Brexit. Not a chance. Link to comment Share on other sites More sharing options...
apelike Posted October 3, 2016 Share Posted October 3, 2016 If anybody hasn't worked out yet just how much danger we are in then read what this guy has to say: http://www.telegraph.co.uk/news/2016/10/01/this-is-the-only-way-brexit-wont-plunge-us-over-the-cliff/ This only goes to support the idea that the EU is all about trade, profit and shareholders, and not people. Basically if the options were fully explained no way would there be any kind of majority for hard Brexit. Not a chance. It wont matter what options we take as the EU will probably implode and collapse before we are fully out anyway. The problem with the EU as I see it is that it has no flexibility built into it to ride any waves, and a tsunami is almost certainly about to happen. Link to comment Share on other sites More sharing options...
I1L2T3 Posted October 3, 2016 Share Posted October 3, 2016 This only goes to support the idea that the EU is all about trade, profit and shareholders, and not people. It wont matter what options we take as the EU will probably implode and collapse before we are fully out anyway. The problem with the EU as I see it is that it has no flexibility built into it to ride any waves, and a tsunami is almost certainly about to happen. Look, no capitalist economy is about people. And you can't argue that putting people deliberately at economic risk is about putting them first. We've got 5-10 million families living right on the edge right now with insecure employment and housing, and limited savings. They are going to be asking a lot of questions as Brexit progresses and things get worse economically. We're not in the imaginary world of Brexit any more. It is becoming real. Link to comment Share on other sites More sharing options...
L00b Posted October 3, 2016 Share Posted October 3, 2016 And right on cue. I wonder how many more £bns the BoE is going to pump in today to fight the tide...after the £150bn already sunk in since June 24. £350m NHS money a week? LOL, PMSL! May and Co. are putting the UK further in hock faster than Blair, Brown & Co. ever managed. Hammond came clean on BBC News breakfast this morning, that he was formally abandoning the 2020 budget equilibrium target, yet not ending austerity. Them dominos are falling faster and faster. Link to comment Share on other sites More sharing options...
Blackbeard Posted October 3, 2016 Share Posted October 3, 2016 Does Boldrick have a cunning plan now? Link to comment Share on other sites More sharing options...
retep Posted October 3, 2016 Share Posted October 3, 2016 And right on cue. I wonder how many more £bns the BoE is going to pump in today to fight the tide...after the £150bn already sunk in since June 24. £350m NHS money a week? LOL, PMSL! May and Co. are putting the UK further in hock faster than Blair, Brown & Co. ever managed. Hammond came clean on BBC News breakfast this morning, that he was formally abandoning the 2020 budget equilibrium target, yet not ending austerity. Them dominos are falling faster and faster. Do tell us how banking is going in the EU, here's a clue, "Europe's banks 'not investable' says top banker amid Deutsche Bank crisis" https://www.theguardian.com/business/2016/sep/28/deutsche-bank-john-cryan-denies-asking-german-government-help Link to comment Share on other sites More sharing options...
L00b Posted October 3, 2016 Share Posted October 3, 2016 (edited) Do tell us how banking is going in the EU, here's a clue, "Europe's banks 'not investable' says top banker amid Deutsche Bank crisis" https://www.theguardian.com/business/2016/sep/28/deutsche-bank-john-cryan-denies-asking-german-government-help Guess what, peter: I couldn't give two figs, since- (i) the German private banking woes (to which you refer) have nothing to do with (a) European (or British, or French, or Spanish <etc.>) central banking, nor (b) the medium- and long-term consequences of a free-falling £ for the UK ; and (ii) in any case, the UK (a) is not a € club member and (b) cannot be made to fund the ECB's bail out programs (by Treaty, no less). And as regards "investable banks" in the EU generally, I don't think I need to link you to the latest articles about the City's prospects in case of (the now increasingly likely-) hard Brexit, nor about the latest poll of (bank and motor industry, £100m to £+1bn UK businesses) CEOs putting ever more caveats on investments into the UK and showing a 75+% intent to move some or all of their operations overseas. Or do I? Do tell [EDIT: in hindsight, pity the Brexit vote carried it, as all that investment possibly not going into (continental) European banks on the back of the DB debacle, would likely have come into UK banks instead. Hey-ho as they say.] Next attempt at wavy-handing the issue away? Hey, you broke it, you own it. So take some pride in it now, for God's sake! Edited October 3, 2016 by L00b Link to comment Share on other sites More sharing options...
retep Posted October 3, 2016 Share Posted October 3, 2016 Guess what, peter: I couldn't give two figs, since- (i) the German private banking woes (to which you refer) have nothing to do with (a) European (or British, or French, or Spanish <etc.>) central banking, nor (b) the medium- and long-term consequences of a free-falling £ for the UK ; and (ii) in any case, the UK (a) is not a € club member and (b) cannot be made to fund the ECB's bail out programs (by Treaty, no less). And as regards "investable banks" in the EU generally, I don't think I need to link you to the latest articles about the City's prospects in case of (the now increasingly likely-) hard Brexit, nor about the latest poll of (bank and motor industry, £100m to £+1bn UK businesses) CEOs putting ever more caveats on investments into the UK and showing a 75+% intent to move some or all of their operations overseas. Or do I? Do tell [EDIT: in hindsight, pity the Brexit vote carried it, as all that investment possibly not going into (continental) European banks on the back of the DB debacle, would likely have come into UK banks instead. Hey-ho as they say.] Next attempt at wavy-handing the issue away? Hey, you broke it, you own it. So take some pride in it now, for God's sake! Can't say I give two figs what a visitor to these shores thinks either, just another one knocking the country that gives them a living. Link to comment Share on other sites More sharing options...
Obelix Posted October 3, 2016 Share Posted October 3, 2016 Can't say I give two figs what a visitor to these shores thinks either, just another one knocking the country that gives them a living. And pays their taxes. It's a two sided coin - you don't get to take from residents if you are unwilling to let them have some say. Link to comment Share on other sites More sharing options...
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