Brexit, for once some facts.

[oldgroaner]

You can lead a horse to water.

But.....

Interesting have you forgotten how to edit your own posts?

 

[Danidl]

Well there you go. Danny will not read an article (written by the IMF not some 'nut-job' right-wing economist...) - that challenges his previously held views.

Danny Danny Danny.....

I had hopes for you too.

I read down as far as the word services..and a country can survive without manufacturing. Switzerland is a major case in point. It recognised long ago that it could not be strong in volume manufacturing. So it concentrated its efforts on high added value products . precision machinery,watches, jewelry, scientific tools, pharmaceutical design. And it created centres of expertise in these ,schools, technology institutes ,. They also have had some dubious practices in banking.
It retains its edge by continually training and advancing the state of the art in these disciplines yes in JOBs ...

 

[Fingers]

Interesting have you forgotten how to edit your own posts?

Please keep on topic.

Thanks.

 

[Woosh]

"However, even if there were an $800 billion trade deficit it simply wouldn't be a problem. Because the balance of payments does actually balance--it must, it's an accounting identity.

Thus if there's a trade deficit then there must be, over on the capital account, a surplus, to balance it. And there is and always has been and always will be. Foreigners invest about $500 billion a year more into the US than Americans invest outside the US. That $500 billion of foreign money might be lent to the government for example--foreigners do own a number of Treasuries.

The government then spends this money into the American economy. Or maybe the foreigners invest into business directly (and they do, foreign direct investment into the US economy is large, a few hundred billion a year).

Or buy houses, or artworks, or movie studios or......all of which means that the money comes back into the US economy. The trade deficit simply does not mean a leakage of money or wealth out of the US."

From my fav economist (who I won't mention the name or OG will have a go at me).

you got it back to front.
CA = (X-M) + NY + NCT = export - import + income from abroad + net current transfer (ie loans from foreigners)
Go back to the early 70s when the UK was a sick man of Europe and needed the IMF.
If we keep borrowing to cover for trade balance deficit, soon our credit worthiness is going to take a hit, then gilt yield will have to go up to attract foreign lenders (we need to buy dollars, yens and euros), mortgage rate will go up, property prices go down, capital will flee London and the UK. We'll hit the tipping point where the exchange rate for the Pound will not recover.

 

[Danidl]

Ha! Nonsense. We CREATE wealth all the time! Doh! Such an old Socialist idea that there is one cake of money and its all about how you split it up!

I really thought such ideas had died out with Corbyns chances of winning an election....

Absolutely we do create wealth all the time, and we also dissipate it . Generally it is the intellectual capital that creates wealth,so scientific progress is the wealth producer. Feckless consumption destroys wealth.

 

[Deleted member 128]

Please keep on topic.

Thanks.

Please keep on topic.

Thanks.

 

[50Hertz]

I did flag this up as a possibility earlier. As a way for a spiv to behave,it might be accepted, for a proud nation it would not. An immediate response from the EU would be a new WA, with nothing in it. The telephone number in Brussels would be changed and the British invited to send all requests by email. The extensions to the travel arrangements would atrophy after three months. . The old WA would be dead. A new EU parliament elections this year would make ithe old unratified WA void.
It is rarely wise to box clever with bigger organisations. Ireland learned that between 1925 and 1936.

I’d stay off the subject of a proud nation if I were you. Your Mr Leo isn’t exactly a beacon of dignity. The way the EU manipulates him and have taught him to do tricks for money is an embarrassment.

Anyway, the EU will extend A50 if we ask. They have made it clear that is an option.

 

[tommie]

And where does the money come from, would that be the magic monkey tree?

 

[tommie]

More Daily Express/ Daily Mail style propaganda?

Why would remainers be interested in recession in italy? and violence in France? only leavers do that in the hope of finding some anti EU propaganda, it's one of their standard ploys to cover the fact that they haven't a plan.
And you certainly can't guarantee both of those problems won't become ours.
So concentrate on the real problems we face not glorying in someone elses.
That is a pitiful way to behave.

 

[flecc]

Ha! Nonsense. We CREATE wealth all the time! Doh! Such an old Socialist idea that there is one cake of money and its all about how you split it up!

Cloud cuckoo land. At any one point in time there is only so much wealth, we can't live in a past or future time.

Wealth creation doesn't come from nowhere, it has a cost, if only in our own need to house, feed and otherwise maintain ourselves while creating. Very often that cost is a deduction from others, who quite naturally will not supply if we don't reciprocate.

The magic money tree needs fertiliser and water, showing it's not magic after all.
.

 

[Danidl]

I’d stay off the subject of a proud nation if I were you. Your Mr Leo isn’t exactly a beacon of dignity. The way the EU manipulates him and have taught him to do tricks for money is an embarrassment.

Anyway, the EU will extend A50 if we ask. They have made it clear that is an option.

Reference please!!!.

 

[Danidl]

I’d stay off the subject of a proud nation if I were you. Your Mr Leo isn’t exactly a beacon of dignity. The way the EU manipulates him and have taught him to do tricks for money is an embarrassment.

Anyway, the EU will extend A50 if we ask. They have made it clear that is an option.

Would you be so good as to identify the the EU person, and date at which this offer of extending the A50 was proffered. ? Recent indications from EU personell are to the contrary.
We are not embarrassed by Leo. As I have said before, I would have preferred had Simon gained the top slot, but we in this country are reasonably satisfied with him. Can you say the same of your PM ?

 

[Danidl]

Nice graphic, ..it substitutes for thought.

 

[tommie]

And here`s The Thought for Today, especially for all you Remoaners out there..

`If everyone was scared of the future we’d all be living in caves still.
The first cavemen didn’t know what was beyond their area but they still set out and forged a new way.
Why are Remoaners so scared of life without the EU?

 

[oldgroaner]

And here`s The Thought for Today, especially for all you Remoaners out there..

`If everyone was scared of the future we’d all be living in caves still.
The first cavemen didn’t know what was beyond their area but they still set out and forged a new way.
Why are Remoaners so scared of life without the EU?

Sorry Tommie even after the problems that Bexit causes have been explained over and over again to you , you simply refuse to understand the seriousness of the situation
What is the point of wasting any more time on explanations when you never listen?
I suggest if you are really interested you go back to the very first post of the thread and read them all.
With an open mind instead of a set attitude.
And before you ask, why haven't I changed my mind over Brexit?
For the simple reason no one after all this time have been able to articulate a convincing reason to persuade me to do so, and yes I have tried to see merit in the things posted.
All we have had is a list of wishes and "We Could" scenarios that are pure fantasy.
The evidence available makes a compelling argument that Brexit is the biggest mistake this country has ever made in the hope of a brighter future that is simply out of reach.
This isn't fear Tommie, it's a case of facing a reality that is staring you in the face .
Posting a silly platitude as you have isn't a reason to Believe in Brexit. It simply shows you haven't anything convincing to offer to support the idea.
But then no one else has managed that, have they?

 

[jonathan.agnew]

That's actually quite clever.

Not really. But it says everything about the unprincipled self centred destructive lack of thinking behind brexit. It makes us the kind of neighbour anyone would be grateful to get rid of

 

[tommie]

I’d stay off the subject of a proud nation if I were you. Your Mr Leo isn’t exactly a beacon of dignity. The way the EU manipulates him and have taught him to do tricks for money is an embarrassment.

But have you seen the latest most cringeworthy and embarrassing offering from the Irish?
A "Woman from Dublin" (yeah right!!) sent the inebriated one a `Thank-You` Card Hah! how pathetic!
And what a coincidence, it was on the very day Leo came with his old begging-bowl for another EUR3.9bn to bail the economy out again - how desperate can you get?

Apparently Mr Drunker wasn`t impressed, he thought it was the new Wine List.

 

[Fingers]

Sorry Tommie even after the problems that Bexit causes have been explained over and over again to you , you simply refuse to understand the seriousness of the situation
What is the point of wasting any more time on explanations when you never listen?
I suggest if you are really interested you go back to the very first post of the thread and read them all.
With an open mind instead of a set attitude.
And before you ask, why haven't I changed my mind over Brexit?
For the simple reason no one after all this time have been able to articulate a convincing reason to persuade me to do so, and yes I have tried to see merit in the things posted.
All we have had is a list of wishes and "We Could" scenarios that are pure fantasy.
The evidence available makes a compelling argument that Brexit is the biggest mistake this country has ever made in the hope of a brighter future that is simply out of reach.
This isn't fear Tommie, it's a case of facing a reality that is staring you in the face .
Posting a silly platitude as you have isn't a reason to Believe in Brexit. It simply shows you haven't anything convincing to offer to support the idea.
But then no one else has managed that, have they?

Such sweet sorrows.

But I am glad the stage of acceptance has finally arrived, albeit a year or two late.

You may now grieve.

 

[flecc]

The first cavemen didn’t know what was beyond their area but they still set out and forged a new way.

Or more likely were chased out by the climatic conditions, or overcrowding as the population in the cave grew, or food shortage due to the same growth.

Why are Remoaners so scared of life without the EU?

I'm not at all scared of life without the EU. I am scared of life only run by UK governments, based on the experiences of the last 80 years.

And please stop shouting, it's bad mannered. We don't need oversized bold text to read.
.

 

[tommie]

Or more likely were chased out by the climatic conditions, or overcrowding as the population in the cave grew, or food shortage due to the same growth.
I'm not at all scared of life without the EU. I am scared of life only run by UK governments, based on the experiences of the last 80 years.
And please stop shouting, it's bad mannered. .

Is that a fact now...
Don`t think the UK has done you a big lot of harm - sitting there with £26k`s worth of New Nissan Leaf for starters??? A lot of the natives in here just couldn`t afford such luxuries.
And i`m sure you appreciated the £200 of Winter Heat Allowance and the Triple Lock on your State Pension won`t do you no harm at all - all courtesy of the DUP btw.
If you`re scared of life under a UK government please spare a thought for the unfortunates left to suffer life under the EU Mafia.

( fyi CAPITALS only are considered `shouting` not large text)