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Brexit 101
Started:February 27th, 2016 (10:02 AM) by xplorer Views / Replies:14,856 / 470
Last Reply:December 3rd, 2016 (05:24 PM) Attachments:44

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Brexit 101

Old June 25th, 2016, 12:10 AM   #231 (permalink)
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Okina View Post
I think that the debate on a trading forum could/should be over financial implications of this vote and not on bashing pro or anti EU.

You can not divide financial implications from the geopolitical topic.

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Old June 25th, 2016, 12:11 AM   #232 (permalink)
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srgtroy View Post
The good news is...you have a bright future in political comedy. As for real politics, not so much...

Just about everything you claim above to be true is an unsubstantiated conspiracy theory or gross distortion of the truth and the idea that none of it is disputed by the media is absurd.

I cannot argue about the merits of Brexit, but if you are so wrong on the above points, I can only assume...

@srgtroy I haven't said anything personal about you so can we reel-in the sarcasm levels - I'm only presenting facts. If you disagree with them - that's fine...
I'm sorry - I know this is off-topic and I won't comment on this again here - you can start another thread if you like and we can discuss this further. I'd do that myself - but I'm unclear about the mechanism...

Here's the links to the US Defense Intelligence Agencies own documents from 2011 and 2012 showing that the Obama admin knew that weapons were being shipped from Benghazi to rebel troops in Syria in their strategy to overthrow the Assad regime, and knew these rebels were islamic jihadists.

JW: Obama Admin Knew About Benghazi Before It Happened

together with an interview with General Micheal T Flynn (head of the DIA) stating that Obama's administration made the "willful decision" to back the islamic jihadists in Syria (knowing that there are/were no "moderate" rebels)
https://www.youtube.com/watch?v=SG3j8OYKgn4
the transcript:
Transcript: Michael Flynn on ISIL - Al Jazeera English

together with 2 separate Pullitzer-prize winning investigative journalists (neither of whom I have particular afinity with their political views, but nevertheless their journalistic resumes are outstanding) reports on the conflict both historically and more recently, and the US role in it - confirming what I said.

https://consortiumnews.com/2015/12/12/blocking-democracy-as-syrias-solution/
The Redirection - The New Yorker

I hope you find them enlightening/interesting....
Peace.

Now - - I promise!

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Old June 25th, 2016, 01:44 AM   #233 (permalink)
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something else:

I read through the last 3-4 pages and found the diverse arguments quite interesting.

One easily forgets about an opposing view after having formed your own opinion.

Also puma's Law of mediocrity applies :

A similar discussion like we have here about "Brexit and what now" - is undergone all over the world now.

Probably fuel for uncertainty and hence volatility in the markets.
(this was mentioned before)

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Old June 25th, 2016, 04:18 AM   #234 (permalink)
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Interesting stats from the WSJ:

Seldom has the United Kingdom looked less united: London and Scotland voted to stay in the EU, Wales and the English shires voted to get out. (Scottish First Minister Nicola Sturgeon has already called a fresh vote on secession “highly likely.”) Some 70% of university graduates were in favor of the EU; an equally disproportionate 68% of those who hadn’t finished high school were against it. Londoners and those under age 30 were strongly for Remain; the northern English and those over 60 were strongly for Leave. An astonishing 70% of the skilled working class supported Brexit.

Brexit: A Very British Revolution - WSJ

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Old June 25th, 2016, 05:23 AM   #235 (permalink)
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mattz View Post
"The British are frantically Googling what the E.U. is, hours after voting to leave it"
https://www.washingtonpost.com/news/the-switch/wp/2016/06/24/the-british-are-fra...fter-voting-to-leave-it/

Not that surprised to be honest.

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Old June 25th, 2016, 06:01 AM   #236 (permalink)
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mattz View Post
Thanks! Understood. After so many years in the financial business, I don't take most article seriously.
Google changed journalism because most just want to get indexed ASAP to get higher page views in order to sell ads.
They are also written in a fashion where they evoke serious emotions and create arguments about them, and again this creates higher pages views.

Yes unfortunately the news business is now about selling advertising rather than the news itself.

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Old June 25th, 2016, 06:06 AM   #237 (permalink)
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I think it's worth leaving this here, courtesy of the BBC....

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Old June 25th, 2016, 06:07 AM   #238 (permalink)
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Okina View Post
you are certainly all aware of what is called the "bank passport". The bank passport is a EU regulation that state that any bank that has its head office in a EU country can do business in all the EU. This regulation plus a very favorable tax system was the major reason that have made UK the financial center of Europe.

London was the financial center of Europe before the EU even existed.

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Old June 25th, 2016, 06:13 AM   #239 (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.


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

Id just found it interesting that I don't have a European Passport and nobody in Europe other than English cared where I was or where I was going. I understand the borderless advantages to Euro's but surprised it's borderless for everybody not just Europeans.

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Old June 25th, 2016, 09:19 AM   #240 (permalink)
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srgtroy View Post
Some 70% of university graduates were in favor of the EU


This is a slightly "artificial" statistic, to be interpreted carefully.

While technically true, it also conceals several significant pieces of information about universities, degrees and education in general, which collectively mean that all it really shows is that younger people are far more in favour of "Remain" than older people. (There are far more young people going to university these days; there are far more institutions now classified as "universities" than ever before; far more post-school educational and vocational qualifications are now classified as "degrees"; and so on.)

It doesn't necessarily imply (as some might at first - understandably but mistakenly - imagine) that "better educated people are more pro-EU".

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