Brexit, for once some facts.

oldgroaner

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Great fun in the Daily Mail
"
Trump threatens WTO, saying the U.S. will respond if it isn't 'treating us 'properly' – after White House aides who drafted trade bill fail to realize they called it the FART Act
  • President Trump said the World Trade Organization has been treating the U.S. 'very badly for many, many years'
  • He said the U.S. is not 'planning anything now'
  • The United States Fair and Reciprocal Tariff Act would let the nation disregard tariff limits
What a great idea! pass a law that ignores and cancels anything any other country has agreed with you!

FART indeed.
I forgot to add the sting in the tail:
This bill extends the power of the President to not need the approval of congress.
It is in fact a licence for Dictatorship.
 
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oldgroaner

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checkmate this weekend against the hard brexiters?

TM's third strategy is to participate in the SM for goods and not services, like Switzerland really.
If this strategy is adopted, there won't be celebration for the importers who bankrolled the brexit campaign.
And the Bankers and other financial bandits in the City are not going to be over the moon either!
 
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Woosh

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And the Bankers and other financial bandits in the City are not going to be over the moon either!
I don't think that the bankers are that worried.
My son works in the City. I asked him before the referendum if banks did any preparation, the answer is 'not much'. They are more worried about the stress tests than brexit. The situation has not changed much.
 

oldgroaner

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I don't think that the bankers are that worried.
My son works in the City. I asked him before the referendum if banks did any preparation, the answer is 'not much'. They are more worried about the stress tests than brexit. The situation has not changed much.
The didn't see the crash coming either, so that's no comfort is it?
 

Woosh

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The didn't see the crash coming either, so that's no comfort is it?
banks will always make money, like loto operators, whatever the weather or political situation.
The only time they fail is when the put idiots at the helm (eg RBS).
 

Danidl

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banks will always make money, like loto operators, whatever the weather or political situation.
The only time they fail is when the put idiots at the helm (eg RBS).
No.. you are confusing them with stock traders. Banks can go bankrupt. We have evidence of this in my country.
 
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Woosh

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No.. you are confusing them with stock traders. Banks can go bankrupt. We have evidence of this in my country.
give us some examples. You have retail banking, corporate banking, clearing and 'investment' banking (aka the biggest casino in London). Which one(s) went bankrupt?
 

Danidl

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give us some examples. You have retail banking, corporate banking, clearing and 'investment' banking (aka the biggest casino in London). Which one(s) went bankrupt?
.. Anglo Irish Bank, which precipitated the crash in Ireland in 2007/8 , was originally the tea investment trust,(refer back to the postings on tea, during WW2 ), later went into investment banking ,offering loans to business, particularly property development. Engaged in fraudulent practices (I can say that now as the currently jailed CEO has recently admitted.), Brought down a number of other banks with them.Now totally gone.
There are two major banking clearing banks AIB and BoI in Ireland. AIB was wiped out ,and effectively nationalised, as the state bought 99.x% of its equity. , Which it is now selling off. Its directors were sacked. Uses the same name as before, uses the same junior personnel, and the same premises.
BoI was not as badly exposed.
PTSB... a much smaller operation, previously a building society , similar story to AIB.

That enough?
 

Woosh

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.. Anglo Irish Bank, which precipitated the crash in Ireland in 2007/8 , was originally the tea investment trust,(refer back to the postings on tea, during WW2 ), later went into investment banking ,offering loans to business, particularly property development. Engaged in fraudulent practices (I can say that now as the currently jailed CEO has recently admitted.), Brought down a number of other banks with them.Now totally gone.
There are two major banking clearing banks AIB and BoI in Ireland. AIB was wiped out ,and effectively nationalised, as the state bought 99.x% of its equity. , Which it is now selling off. Its directors were sacked. Uses the same name as before, uses the same junior personnel, and the same premises.
BoI was not as badly exposed.
PTSB... a much smaller operation, previously a building society , similar story to AIB.

That enough?
that does not change anything. Banks going under because of risky gambling, not because they don't know how to make money out of chaos. If they pay savers at 1% and lend to home owners at 3%, they are going to make money. If they manage people's money, they are going to make money.
 

Danidl

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that does not change anything. Banks going under because of risky gambling, not because they don't know how to make money out of chaos. If they pay savers at 1% and lend to home owners at 3%, they are going to make money. If they manage people's money, they are going to make money.
.. except when the lenders declare bankruptcy and don't give the loans back!!!. The savers still expect their 1%... Banks don't do chaos, that is the preserve of traders. Traders make money on any movement of stock, up or down. The more chaos the more movement.
 
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tillson

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I don’t understand. Why is Merkel now proposing to restrict the number of Migrants entering Germany? She is a very outspoken champion of the idea of migrants entering Germany. The German population might oppose the idea, but what does that matter, Merkel likes it.

Something seems to have persuaded Mrs Merkel change her stance on migration, and I suspect that it might have something to do with having her fat-ass kicked out of office if she doesn’t. A very solid reason to shape-shift into a person who now isn’t so keen on migrants and wants to send them all to Italy. Of course the Italians are going to be overjoyed to hear this news.

All of this is a bit more petrol on the as yet unlit EU bonfire. Very soon, someone is going to strike a match and the vapour will ignite. The sad thing is, all of this has been totally avoidable & foreseeable and the EU could have worked. Instead, people with unpopular ideals have gagged and tirelessly worked against the interests of majority populations for a long time. Reckoning day approaching.
 
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Zlatan

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Follow the domino logic. All Italy has to do it to complete the chain by shipping them back to the African coast and dumping on the beaches they set out from.

Harsh, but it would quickly stop the flow once it dawned that crossing would only mean being returned.
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Hardly seems humane flecc.
 

flecc

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Oct 25, 2006
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Hardly seems humane flecc.
It isn't, but if that had been done at the outset, the flow would have been nipped in the bud.

And that means nearly all those who suffered a terrible death by drowning or dehydration would still be alive today.

Not acting isn't an option, we can't let the Middle East and Africa just continue to empty into Europe. The longer we leave it, the worse the consequences will eventually be.
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Zlatan

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It isn't, but if that had been done at the outset, the flow would have been nipped in the bud.

And that means nearly all those who suffered a terrible death by drowning or dehydration would still be alive today.

Not acting isn't an option, we can't let the Middle East and Africa just continue to empty into Europe. The longer we leave it, the worse the consequences will eventually be.
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That seems at odds with your stance on immigrants generally flecc. Citizens of the world and all that ??
 

flecc

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Oct 25, 2006
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That seems at odds with your stance on immigrants generally flecc. Citizens of the world and all that ??
It's clear that as many as half a billion EU citizens don't agree, so the problem has to be solved.

My preference is freedom of movement for betterment, but that clearly isn't what is happening. Instead we have a variety of cruel situations within the EU, stopping onward movement, closing borders, refusal to allow the migrants to work, refusing education for the children. In short, leaving them in hopeless situations with no way forward or back. The former Calais camp for example.

There's a lot more I could say about the migrants, but that's a whole new story.
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