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Brexit 101
Started:February 27th, 2016 (10:02 AM) by xplorer Views / Replies:14,751 / 470
Last Reply:December 3rd, 2016 (05:24 PM) Attachments:44

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Brexit 101

Old June 24th, 2016, 02:18 PM   #201 (permalink)
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xplorer View Post
I was in Italy for a holiday a week ago and the distrust for the way immigration is being handled is palbable over there. I bet if they had a chance at a referendum most people there would vote for an 'out' too.


That's certainly what their opinion polls say, and the same is true in a few other EU countries, too - a fact which it's gradually getting harder for the EU machine to ignore.



sam028 View Post
That will be interesting to see the next steps: independence for Scotland, unified Ireland?


I think we're a long way from another Scottish independence referendum, Sam. Many years, at least. One can sympathise with their being led out of the EU contrary to their wishes, of course (the Scottish vote was clearly and unambiguously in favour of "Remain"), but even the Scottish Nationalists have been saying that they won't call for another referendum until they're certain they can win it, and with the price of oil as it is, that could be a very long way away? [It's also perhaps possible that the next referendum there could be "advisory only" rather than legally binding in its outcome like the 2015 one was - in which case a future UK government can always ignore it completely just like the Spanish government ignored the recent Catalan/Barcelona independence referendum?]

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Old June 24th, 2016, 02:35 PM   #202 (permalink)
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BoE Governor's statement (video)

Bank of England's Governor Mark Carney address post-Brexit


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Old June 24th, 2016, 03:39 PM   #203 (permalink)
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Too subtle?


My actual response.

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Old June 24th, 2016, 03:45 PM   #204 (permalink)
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My actual response.

It's a funny pic that underlines a real issue for many.

Of course on Day 1 of Brexit there are a lot of people worried about the knee-jerk reaction that this referendum has caused. I think this effect is likely to last for some time.

But to understand and study the true effects that the pro-Brexit side campaigned about, I think we need to look at the longer term, which should be measured in years, as a minimum.

Again, not suggesting the UK will be 100% better off or 100% worse off. I think there will be either a net benefit or net deficiency, once all trade-off will be factored in.

But, as I said, I think it will take time.

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Old June 24th, 2016, 04:14 PM   #205 (permalink)
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xplorer View Post
It's a funny pic that underlines a real issue for many.

Of course on Day 1 of Brexit there are a lot of people worried about the knee-jerk reaction that this referendum has caused. I think this effect is likely to last for some time.

But to understand and study the true effects that the pro-Brexit side campaigned about, I think we need to look at the longer term, which should be measured in years, as a minimum.

Again, not suggesting the UK will be 100% better off or 100% worse off. I think there will be either a net benefit or net deficiency, once all trade-off will be factored in.

But, as I said, I think it will take time.

Si.


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Old June 24th, 2016, 06:38 PM   #206 (permalink)
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xplorer View Post
It's a funny pic that underlines a real issue for many.

Of course on Day 1 of Brexit there are a lot of people worried about the knee-jerk reaction that this referendum has caused. I think this effect is likely to last for some time.

But to understand and study the true effects that the pro-Brexit side campaigned about, I think we need to look at the longer term, which should be measured in years, as a minimum.

Again, not suggesting the UK will be 100% better off or 100% worse off. I think there will be either a net benefit or net deficiency, once all trade-off will be factored in.

But, as I said, I think it will take time.

I totally agree - it will take some time. One of the economic points that Leave supporters argue is that the UK as a member of the EU is barred from forming any formal trade agreements with the rest of the world. The fastest growing economic regions of the world are all outside the EU zone. The UK has the 5th largest economy in the world. Doorways to new trade opportunities will be opened and trading ties across europe will not suddenly disappear. Yesterday the head of the German trade industry group was calling for close trading ties to continue with the UK, whatever the result - because the UK represents a major export market for the EU (the second largest as I understand it - though I could be wrong).

We have to let the dust settle and the scare stories dissipate...

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Old June 24th, 2016, 06:45 PM   #207 (permalink)
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My actual response.

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LOL. I can relate to both sides - it certainly hit my total wealth but I'm happy to see the people reject an anti-democratic institution. Before they started counting the votes yesterday a top EU legal representative was calling for a ban on any further national referenda...I think they assumed they'd win this one and then kill off any other miserable protests by the masses...

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Old June 24th, 2016, 07:39 PM   #208 (permalink)
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SMCJB View Post
I recently went from England-France-Switzerland-Italy-England and was very surprised the only place I needed my passport was leaving and entering England even though Switzerland is outside the EU.

Switzerland is a member of the Schengen area - the UK isn't.

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Old June 24th, 2016, 07:47 PM   #209 (permalink)
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bebop View Post
LOL. I can relate to both sides - it certainly hit my total wealth but I'm happy to see the people reject an anti-democratic institution. Before they started counting the votes yesterday a top EU legal representative was calling for a ban on any further national referenda...I think they assumed they'd win this one and then kill off any other miserable protests by the masses...

I dunno.. I would not normally say this but I'm a lot smarter than most people (and I'm not that smart, see Carlin below). I judge this by how much in demand my time was in work and often being told so by people who meet me. I had no trouble learning to trade, created my own methods quickly and if the measure of "if your so smart, why ain't ya rich?" means anything.. well I am at least say quite clever?

The sole reason I post anything here is it helps with the cabin fever as I don't speak much Spanish yet and to date have been busy trading 15+ hours a day.

Ok, smallest violin in the world bit..

All my life normal but confused people, whom I have always treated with patience, kindness and respect came to me with broken things & sometimes lives (I do a lot of charity work) asking me to fix them. Which I nearly always did. If anyone had asked me before I moved here what I did in say my I.T. career I would say 'I fix broken things! ' Though the reality a tad more complex..

The one time I ask my few friends back home in Wiltshire to trust me and having never asked them for anything? I feel disgusted today.

I'll do my part in what comes next, like a good burro

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Old June 24th, 2016, 07:59 PM   #210 (permalink)
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...and it's getting madder



Full article

O'Malley says its a world city and that it has to remain at the heart of europe. Of course its a world city - it doesn't cease to be by no longer being a member of the EU - and the argument has never been to stay in europe or not (it would take some serious tectonic plate shifts for that to be a question at all!) - the issue is/was whether to remain in the EU - and there's a significant difference. When Austria, Poland or the Netherlands call for a referendum - will they also twist it and say its a vote on whether to stay in europe? Is Switzerland not in europe?

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