Cyprus-Forum.com

[miltiades]

I'm a little confused here. As you say the predictions of doom and gloom have not occured why then has Sterling continued to fall. Surely currency markets would have reacted favorably,
Robin , I just see FACTS. Sterling is down and if when Brexit happens it , Sterling, will go down further. There is NOT one single economic factor that Brexit will be good for the UK economy. Not one serious professional economist has suggested that the UK will thrive after Brexit, to my knowledge the only one subscribing to this is none other that ...General wewe and and we all know about his ....productions.
Brexit is BAD for the economy, it is an unmitigated disaster waiting to happen.

[Lordo]

The vast majority of people are stupid anyway. Thats why !!

no they are not, they have just been hoodwinked by hoodlums.

if the brexiteers are certain the majority of the population wants no deal brexit, in the words of clint eastwood, make my day punk is what i would tell them. why are the so afraid of both a general election before we leave or a confirmatory vote after the final deal is worked out before we leave. if it is to be no deal vs remain than let that go on the ballot paper.

the best poll in the country are the two by-elections we have just had. both in areas where majority of the people voted to leave in the referendum. the results spoke volume.

in peterborough labour were fighting a majority of 607 votes from 2017 and got 683 votes which was an improvement. consider the result in the context that the replaced mp ended up prosecuted and fund guilty. also consider that peterborough voted to leave in 2016.

in brecon and rednorshire anther area that voted for leave in 2016, the tory mp had 8038 majority in 2017. in 2019 the same mp that had those votes actually lost his seat to a remain mp with 1425 majority. now that means tories have lost a seat which they had 8038 majority.

have a look at the mp statistics and that puts over 100 tory seats in a situation where they would lose their seats. it is no wonder that bojo suddenly found some socialist principles and decided to go onto a spending spree which they always accused labour of doing.

but the funniest part of the situation we find ourselves is this. this morning mark gino francois claimed that it was the disaster of the labour economic polices which caused 9 years of austerity and they have been paying the interest. they must have borrowed from wonga.

consider these statistics.
2010 tories inheritted a debt of 960 billion. no this debt was not just during labour government, this debt has accumulated since world war two and it is the total debt of all the governments since world war two.

by 2015 before the coalition this debt rose to 1,500 million - they almost doubled the debt of 65 years in just 5 years - this must have been the briliant ecenomic performance of the tory policies

as of 2018 the debt stood at 1,780 million and rising

what a way to run the country.

[Lordo]

so as things stand today, it seems unless we have agreement with the wto and the eu, we will not actually be able to strike any deals after 31st of october. my god help us.

James O'Brien,
What Trading On WTO Rules Actually Means:

An Expert's Alarming Explanation. After this expert told James O'Brien exactly what would happen if Britain starts trading under WTO rules, his response was really concerning. "I knew this wasn't going to be pretty," he said, "but I didn't think it was going to be this ugly.

" Bryce Baschuk, a Bloomberg Correspondent writing specifically about the World Trade Organisation, explained the process for trading on WTO, which Britain would need to do if we leave the EU without a trade deal. Leading Brexiteers insist that this would be an opportunity for the country, as many countries already trade on these rules with no problem.

But Bryce explained how it would work - and as James says, it isn't pretty. Describing the positives of WTO rules, he said: "Ideally, the UK would be able to strike new free trade deals with countries such as the US that it believes it wouldn't be able to do with the European Union. "In addition, it would have the freedom to not be beholden to the European Court of Justice and have more independence or sovereignty over its trading relations.

" But the method of getting there seems particularly difficult. Yesterday, both the UK and the EU filed documents in Geneva outlining the terms they will use to trade with the rest of the world after Brexit - and the two submissions are fundamentally different.

Bryce explains: "The UK is currently a WTO member in its own right. The issue is it does not have an independent schedule of concessions for the WTO - that's the menu upon which Britain trades with the rest of the world. "It needs to have that if it's going to strike trade deals.
And the way that its approach is different from that of the EU is the UK wants to replicate its current trade WTO commitments by making just a few technical changes and then submitting it to the WTO for certification.

" The problem is that the UK's terms at the WTO are enshrined in our membership of the EU, so this approach seems optimistic as our market will be smaller than the EU's market.

[Lordo]

now here is a brexiteer who rung up a radio station as an expert in his field to explain how brexit will not affect his business becasue he does not sell to the eu. however he does sell to german and other eu companies based in the eu. so he claims no-deal brexit wilnotmae any difference to him because his customers will continue to order his services as before. now this is a fella who deals in selling advertising to europeans companies. you cannot make it up. you wonder why people voted to leave.

http://www.youtube.com/watch?time_continue=4&v=xwWBZAgqXio

[Lordo]

these brexiteers are particularly bright.

https://www.youtube.com/watch?time_continue=4&v=xwWBZAgqXio

[Lordo]

now here is a very bright young man. and yet he was duped into voting brexit. and yet he has seen the light. well done young man.


https://www.youtube.com/watch?time_continue=4&v=xwWBZAgqXio

[Humanist1]

I really could not a give afuck... with Brexit. I hope that you do leave and Icannot wait for Scottish independence and also soon the people of wales are talking of same.

About time the Great Britain disbands and gets it’s just deserves.

[Lordo]

I really could not a give afuck... with Brexit. I hope that you do leave and Icannot wait for Scottish independence and also soon the people of wales are talking of same.

About time the Great Britain disbands and gets it’s just deserves.

its not often you come accross somebody who wants to see other's hurt. so you will be happy by seeing some brits really suffer with not enough food to feed their children i suppose. who cares so what if they are british children.

do i understand that you live in australia? it must be all that hormoned beef you are eating or is it the kangoroo meat. keep off that.

[Robin Hood]

Milti:

I'm a little confused here. As you say the predictions of doom and gloom have not occurred why then has Sterling continued to fall. Surely currency markets would have reacted favourably.

Because the damage is done .......... (think of the paedophile analogy, you can't un-say something and shit sticks!) once the predictions are made they become a reality in the minds of speculators! Have you ever read or seen a report where these people have actually apologised and retracted their advice? NO ..... they just keep peddling the same doom-and-gloom stories.
Do you think if the referendum result was overturned tomorrow the pound would suddenly go back to 1.40, or 1.30 or even 1.20?

Robin , I just see FACTS. Sterling is down and if when Brexit happens it , Sterling, will go down further.

That is NOT fact .... that is speculation! I could equally claim that if the Chinese economic and banking system were implemented by the UK on the 1/11/19 Sterling would rocket in value. Not that you would believe any explanation I gave as to why ...... but you cannot give an explanation for why it will drop further. It will be a self fulfilling prophecy if it does!

Not one serious professional economist has suggested that the UK will thrive after Brexit, to my knowledge .....

Then your knowledge is limited! There are hundreds of serious professional economists that can tell you why the current system is failing and what the alternatives are. If you read about Modern Monetary Theory (MMT) unless you are really dumb it can only make sense. As well as explaining how the system can be restructured for the benefit of everyone, they can also explain why the current system used in the west, does not do that. The current system has only been in its present form for about 100 years(Since the creation of the FED) and the adverse effect of that went up exponentially when ‘digital currency’ took off and the US dropped the gold standard shortly after WWII.

Brexit is BAD for the economy, it is an unmitigated disaster waiting to happen.

More speculation! There are 165 countries on the Planet who do not belong to the EU, what makes you think leaving the 28 that are and being one of those that are not, will be an ‘unmitigated disaster’? I don’t see your logic.

[miltiades]

These 160 or so countries are mostly not in Europe, neither were those that are in Europe were in the EU. We are.
Interpret as you like, Brexit will be the biggest economic catastrophy the UK has ever experienced. Interesting figures coming out this week, should clarify further what a dreadfully bad for our economy Brexit will be.