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Brexit 101
Started: by xplorer Views / Replies:18,739 / 495
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Brexit 101

  #271 (permalink)
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Something I found surprising and actually quite saddening was statistics that were released showing voter turnout % for different age-groups. A lot of blame has been placed on 'racist old people' and 'the old ruining the lives of the young' yet it seems that it was our own age group that let ourselves down. Perhaps ignorance or just taking the right to vote for granted, the young who are now upset will learn a very important lesson in utilising your democratic right to vote.

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  #272 (permalink)
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CobblersAwls View Post
Something I found surprising and actually quite saddening was statistics that were released showing voter turnout % for different age-groups. A lot of blame has been placed on 'racist old people' and 'the old ruining the lives of the young' yet it seems that it was our own age group that let ourselves down. Perhaps ignorance or just taking the right to vote for granted, the young who are now upset will learn a very important lesson in utilising your democratic right to vote.

You were all at Glastonbury; too busy having a good time to vote

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  #273 (permalink)
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UK loses triple-A credit rating after Brexit vote

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  #274 (permalink)
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xiaosi View Post
It could easily be a long as the shorts eventually get squeezed....

Probably a lot sooner than people think.

I think this was mainly the mid tier of larger traders, bigger retail and the HFT's that drove this market down.

The really big boys are not going to let that stand. Look for shorts to get worked by mid July or even sooner.

Also, the fact that all the retail that had a short bias are going to keep piling on shorts will fuel the squeeze out.


Last edited by Hickock; June 27th, 2016 at 07:26 PM. Reason: add
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  #275 (permalink)
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xplorer View Post
Firstly, my advice is, never use social media to get facts. Sites like FB are very prone to manipulating posts to make them look like real news to the untrained eye.

Secondly, this specific FB page in particular is clearly serving some agenda of some sort
  • It's purporting to be some sort of official page because of the 'verified' symbol next to its name: the symbol is fake
  • It's purporting to report the news 'Straight from the horse's mouth', to make the statement look like it's official-sounding
  • It claims ' Listen to this British man brazenly admit that the reason he and millions of Brits voted to leave the European Union is ...'. The opinion of one man reflects the opinion of millions? Says who?
  • The video purports to be from Channel 4 News, just because someone overlaid a "Channel 4 News" banner on it. It's clearly not coming from Channel 4

I recommend news are collected from reputable channels. As I said FB or the like are way too prone to prey on the gullible.


If you're denying the influence of racist sentiment in the Brexit vote then that speaks to my observation. One man's opinion in that video represents a microcosm of what's been presented by the Washington Post, NPR, NBCNews, The Southern Poverty Law Center, CNN, and the list goes on. They've all acknowledged and documented (many times) the intersection of xenophobia and racism in the Brexit outcome. However, the online trading community mostly ignores it. I find that a bit ironic because so many trading related discussions have a nice range of objective and well-rounded perspectives. On social issues, not so much.

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  #276 (permalink)
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deltason View Post
However, the online trading community mostly ignores it. I find that a bit ironic because so many trading related discussions have a nice range of objective and well-rounded perspectives. On social issues, not so much.

I see exactly what you are talking about on other boards. At the other board's people are using the Brexit and Trump effect to really let their inner racist come out to play.

It's really very sad. My wife and kids are not white and I can see the prospect of the emboldened racists "speaking the truth" as they put it to my loved ones.

A lot of people are going to get hurt in the next few years over this rush to xenophobia and racism.

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  #277 (permalink)
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Hickock View Post
I see exactly what you are talking about on other boards. At the other board's people are using the Brexit and Trump effect to really let their inner racist come out to play.

It's really very sad. My wife and kids are not white and I can see the prospect of the emboldened racists "speaking the truth" as they put it to my loved ones.

A lot of people are going to get hurt in the next few years over this rush to xenophobia and racism.

Your absolutely right...allot of people that we have forced into hardship through our relentless pursuit of 'somthing' are dying...allot more will be hurt or seriously injured in this crazy fear driven society.

My son is almost 2 now....i admit i had never cared so much for the world's children until i had my own. Now, it just breaks my heart to see so much suffering and i can't help but feel responsible as a parent, a Canadian and an Australian resident.

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  #278 (permalink)
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bebop View Post
Interesting update thx. l haven't travelled through that region for a few years. Is it correct to say these border controls have tightened in the past 18 months or so?

Answer is NO
The change in some central European countries goes back many years already. The goal was to reduce fix
operating teams at some well known places especially at highly frequented roads that are easily to circumvent.
Now special small and middle border control teams are operating mobile up to 30km from the border itself.
The results are much better. They are controlling at points where you nearly must pass...
As for the trains - they are controlled especially on the south to north lines passing several countries.
For Switzerland every fast train coming from Germany is thoroughly controlled from Freiburg (last stop before
Basel). The same is for trains coming from Milano north passing to Brig (Canton of Wallis) or passing to Chiasso
(Canton of Ticino). That scenario was installed 20 years back.
With the new and longest train tunnel (57km) in the world that will go into service from November this year
the trains pass the alps with 200km/h. So the above controls "before" entering Switzerland will going to be
increased - as many more passengers - also paperless people will enter Switzerland.

Hope this helps
GFIs1

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  #279 (permalink)
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The Daily Shot's take on Brexit for Tuesday

The Daily Shot; June 28 - Global Macro Currents

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  #280 (permalink)
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deltason View Post
If you're denying the influence of racist sentiment in the Brexit vote then that speaks to my observation. One man's opinion in that video represents a microcosm of what's been presented by the Washington Post, NPR, NBCNews, The Southern Poverty Law Center, CNN, and the list goes on. They've all acknowledged and documented (many times) the intersection of xenophobia and racism in the Brexit outcome. However, the online trading community mostly ignores it. I find that a bit ironic because so many trading related discussions have a nice range of objective and well-rounded perspectives. On social issues, not so much.

I'm neither denying nor supporting what part racism may have played in the Brexit vote.

I am simply warning against using social media sites to support one's claims in these matters, especially in the way that link you posted tried to characterize the point being made.

As for the xenophobic episodes reported in general by the media post-Brexit, those are there for all to see. But I don't personally believe them to be a widespread problem. I believe the media in general are no longer objective and one of their main purposes is to get clicks on their articles rather than report objectively and fairly on the news.

No, I believe that there is a small part of the population who may be xenophobic, and this may have been accentuated by the EU's mismanagement of the refugees crisis since 2013 as well as general ignorance of what it means to be part of the EU.

The latter part (ignorance of EU's regulations about free movement) is clearly demonstrated when you have people say things such as "we won, out Polish, French, Muslims" as they demonstrate pure ignorance, especially when the people being subjected to this are actually born and bread in the UK.


Last edited by xplorer; June 28th, 2016 at 06:00 AM.
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