Brexit, for once some facts.

[Kudoscycles]

If I were a Leaver I would be very cautious as to what is Theresa May's end game....look at the bigger picture...
1. Hammond has done nothing,not even a titbit,to help the poor,even the so called Jams will be worse off next spring.
2. Her husband is the CEO of a hedge fund,the same job as Gina Miller,is she going to want to destroy the family nest egg.
3. Hammond is bringing Corporation tax down and voting for big infrastructure projects.
4. Rees-Mogg and Redwood are not exactly your cuddly philanthropic sort.
The reversal of the vote in poor areas would suggest that the poor are realising that they are being stitched up by Brexit.....it appears that it will benefit only the rich but May is using the smokescreen of Brexit to cover up her 'getting the rich richer'....after all Brexit won and us Remoaners are told repeatedly that we lost....but what has Leave won? what has Remain lost?....from my viewpoint it looks like the poor are going to pay for Brexit.
KudosDave

 

[flecc]

"Out of the mouths of babes and sucklings" as the saying goes.

In a program about the psychology of money, some very young children were being asked questions about money. In response to the question "Where does money come from?", one little girl replied "Germany".

Clearly she's been listening to the news.
.

 

[Kudoscycles]

Zlatan....I notice that you put 'disagree' on my recent posting....but what indication has Hammond made that he understands that for some Brexit was a protest vote,especially in impoverished northern towns?
Although May said 'the party for everyone' the tories have pretty much ignored the poor in our country.
To date the 'we won ,you lost' brigade don't appear to have achieved anything from Brexit.....when these 'winners' wake up to the price rises that will come out of the system there will inevitably be wage strife to pay for it,I predict that the so called 'Jams' will realise they are not managing and will blame Brexit.....it's all taking too long for the patience of these people.
KudosDave

 

[oldgroaner]

From the Sun today
"
QUEEN BREXIT ROW
The Sun’s bombshell Brexit revelation is backed up by BBC report that claimed Her Majesty told lunch guests ‘I don’t see why we can’t just get out’


The claim backs up The Sun's revelation during the referendum campaign that Her Maj voiced Eurosceptic views"

Perhaps she did, perhaps she didn't, but either way if things turn out badly she could find this puts her in a very dodgy situation.
And of course she will deny having said it anyway.
It's a bit naughty to imply that the Queen is too dim to see any difficulty in leaving the EU, with her background knowledge that is less likely than Farage speaking the truth.

Great stunt to steady the Brexit supporters, either way, and they are certainly daft enough to fall for it, true or not!
But in my opinion they have played their "Queen" when it will not have much effect, bad timing there!

 

[Woosh]

true or not, Laura did say this morning on radio 4 that it was single sourced. It could be that Laura's source and the Sun's is the same. Of course brexit is complex. The problem is, for most people, they can't see why it has to be so complicated.

 

[Kudoscycles]

What is surprising is that the press have not made more of Theresa May's husband,namely Philip May,is an advisor at investment fund,Capital Group.Within their holdings are Amazon and Starbucks,both companies heavily accused of using offshoring to avoid tax. TM has said that she intends to make all fairly pay tax but so far has not developed a method to attack these companies.
TM has kept almost everything about the Brexit plan 'cards close to her chest' but her and Hammond and Davis have surprisingly advised that it may be necessary to continue to pay into the EU to maintain bank euro passporting rights.
But there is no conflict of interest,Chinese walls in the bedroom,hehe.
Wonder if it may slip out about March 20.
KudosDave

 

[oldgroaner]

true or not, Laura did say this morning on radio 4 that it was single sourced. It could be that Laura's source and the Sun's is the same. Of course brexit is complex. The problem is, for most people, they can't see why it has to be so complicated.

I am perhaps surprisingly quite well inclined towards Her Majesty, and the rather worrying thought is that she might not be as well as I would hope and that This question was indeed asked by her in innocence, and Mrs May knows something we don't and withheld information from her and had a good reason to do so.
I sincerely hope this is not the case, as this is loss of memory malaise is the last thing I would wish on anyone, and has cost our family dearly.

 

[Zlatan]

Whilst all this debate has been going on on here Italy has been quietly verging on bankruptcy. Hardly a mention on here, yet it highlights one of main reasons for leaving. Italy's third biggest bank could not raise 4.8 billion euro.( that's like a house hold not being able to raise a few hundred quid). Government have stepped in ( 2 weeks after last one stepped out) and handed over 20 billion euro...so what all remainers ate asking. Well whilst in EU we are guarantors ( collectively for Portugal,Italy, Greece and Spain)
Our costs as a major contributor would be colossal. Its exactly why EU wants our presence.
We are talking trillions in help !!! Will dwarf losses or gains with trade deals.

 

[Woosh]

Our banks have a small exposure but I don't think we guarantee bad debts in the Eurozone.
The Eurozone has about 1 trillion Euros worth of dodgy loans, but this number has to be taken in the context of 19 countries, 339 million people that make up the Eurozone, their combined GDP about 13 trillion Euros a year. Their bad debt ratio is not particularly large.

 

[flecc]

Well whilst in EU we are guarantors ( collectively for Portugal,Italy, Greece and Spain)
Our costs as a major contributor would be colossal. Its exactly why EU wants our presence.
We are talking trillions in help !!! Will dwarf losses or gains with trade deals.

Utter nonsense and more lies from the leavers, we are not guarantors of eurozone debt. Here is the reality of the current situation, copied and pasted:

The UK will not pay for future eurozone bailouts. This has already been agreed by EU leaders. In addition, the UK-EU deal from February, which will be implemented if the UK stays in the EU, reinforces this and states that the UK would be reimbursed if the general EU budget is used for the cost of the eurozone crisis.
.

 

[Woosh]

I sometimes despair at the zealous defence of brexit in some of our newspapers. There is no need for the Euro and the Eurozone to fail for brexit to succeed, it is rather the opposite.

 

[Zlatan]

We are only entitled to reimbursement whilst eu operates in positive budget. According to Lyddon ( Report by Victor Hill May 2016) UK could be liable to 445 billion costs over next 7 years. It is not as simple as Flecc suggests. Google the report.
Remainers are led to believe just as many lies as leavers.
There are schemes in place outside the agreement mentioned. They are easy to find, folk just choose to ignore them and reiterate the propoganda.
( Read Lyddon, Victor Hill , who are not directly connected with Global Britain, who do tend to lean to positive aspects of leaving.)
And either way ,even if we are not liable to bailout costs ( which we could be in future as our EU involvement develops) why do you remainers want to be part of what is accepted as an economically failing organisation, look at list of bailouts in last 10 years, it can not be maintained. And bailouts by the way we would not receive , only available for eurozone members.

 

[Woosh]

If you want to read the report that Zlatan mentioned in his post, here is the link:
https://masterinvestor.co.uk/brexit/britain-sucked-eu-bailout-vortex/

I personally find that report inaccurate.

 

[Zlatan]

Thanks Woosh. It is.
Problem throughout all this has been deciding who's " facts" to be true. I think we all choose the ones more akin to our own opinions..both sides.
Read Global Britain for one end of spectrum and listen to Osborne 6 months ago for other.

The "weak" pound will recover . Its still at a competitive rate.

 

[Lister]

There is an interesting article in the Guardian I received today.

I am a remainer and so is the Guardian, but there is a strong argument for a hard exit in an article by Mervyn King.

https://www.theguardian.com/business/2016/dec/26/mervyn-king-britain-should-be-more-upbeat-about-brexit

 

[Zlatan]

What does Mervyn King know? He,s only ex head of Bank Of England... ( Ironic smiley)

What I do find very ironic is that King's opinion and that of many others ( Hargreaves, Minford and Carney pre June 23rd) were saying almost exactly this ( ie King's article) but their comments were censored, rubbished and discounted yet the remainers insist its leavers who have been manipulated.
Yes we all know Farage,Gove and Global Britain have axes to grind and offer very one sided arguments but King,Hargreaves ,Minford etc etc are actually none political. ( As was Carney until he towed the Osborne line)
Quicker we get out the better. The procrastination is doing the damage. Either leave or dont. But just do it or forget it.

 

[Lister]

There's a clue there.

 

[oldgroaner]

There is an interesting article in the Guardian I received today.

I am a remainer and so is the Guardian, but there is a strong argument for a hard exit in an article by Mervyn King.

https://www.theguardian.com/business/2016/dec/26/mervyn-king-britain-should-be-more-upbeat-about-brexit

Would this be the same "King" with this track record?
"
“If you look back, there are three huge mistakes he made. First, he was the governor of the Bank of England who never spotted that Northern Rock was going to fail. He was in charge when the biggest recession in 300 years came. Then RBS failed in September 2008 and he had no idea that was happening.

“In 2010, he advised the government that austerity ought to be really good for growth, and that turned out to be a disaster. I don’t think he is a credible source on any of that and we shouldn’t believe in what he says in terms of his forecasts.”
Clearly the man is clueless, and that is being Generous to a Fault.

 

[Zlatan]

There's a clue there.

I,m assuming you mean King being ex Governor-general of BoE ??? He did it for a decade and represents amongst most qualified in country to comment but you are doing exactly what remainers do...discount an opinion because it does not agree with your own but justify it by belittling that opinion. Overnight King knows nothing ???

 

[Lister]

I belong to two historic/vintage car clubs, one where Brexit is not discussed, the other where it is in a gentlemanly manner, and this one where I come for a laugh.