Brexit - or Article 50: the Phoenix!

[SwingsitlikeHogan]

Yep I can see just now the person who wants to ensure everything is in the favour of the US is of course just going to send us a lot of food as good rates - good rates for who ? Us or the US

You make everything sound so easy - I’m sure they must be kicking themselves they haven’t thought of your ideas 🙄

...and meanwhile Trump is showing his unconditional generosity towards USA's friends and neighbours in it's handling of refugees from the Bahamas. Yes - Florida was hit by the hurricane - just as the Bahamas was.

And in truth I don't recall part of the Grand Plan for Brexit being a 21st Century Marshall Plan.

 

[User62651]

Why on earth do the Remainers want to prolong this whole ridiculous charade? The bottom line is the UK had a vote and decided to come out of the EU. No if's or but's. That's democracy. We had 2 bluddy years to sort this and couldn't (get a deal). We've extended the whole stupid thing, and STILL cannot get a deal. If we cannot get a deal that suits everyone, and we will not be able to do this, the ONLY thing left is NO DEAL. once we are out the EU will be running to us like the chickens they are. Bullies should be fought against, that's what everyone says. the EU is a bully and we should stand up to them and walk away. Food shortages? Don't make me laugh! Hey Donald mate have you got any food over there? Yes? Smashing! Send us a couple of boats loads. (These boats will be already loaded and ready to go).

There are boat loads of food sitting and rotting in the harbours of US eastern seaboard right now just waiting on Boris's call? Wow.

 

[Deleted member 18121]

Does anyone have thoughts/opinions on the ECB taking their interest rate FURTHER into negative territory to try and prop up the european economy?

https://www.telegraph.co.uk/business/2019/09/12/markets-live-latest-news-pound-euro-ftse-1002/

 

[Beezerk]

Does anyone have thoughts/opinions on the ECB taking their interest rate FURTHER into negative territory to try and prop up the european economy?

https://www.telegraph.co.uk/business/2019/09/12/markets-live-latest-news-pound-euro-ftse-1002/

So could a learned person explain what this means in layman's terms? Trouble at 'mill for the Eurozone or something quite normal?

 

[Beezerk]

Ps asking for a friend 😁

 

[Deleted member 18121]

So could a learned person explain what this means in layman's terms? Trouble at 'mill for the Eurozone or something quite normal?

Essentially the eurozone is struggling (especially Germany, as is well reported) and their previous attempt at stimulating the economies hasn't worked, so they're cutting interest rates further to encourage people to spend or invest to get the economy going again. Trouble is that by doing this the EUR vs $ has weakened even further making imports even more expensive.

 

[woody69]

Not sure why people are finding this surprising. It is normal business to take a position and maximise profit. They are likely to have a smaller position on cancelling Brexit. So nothing to see here ..


The only newsworthy bit is that they are involved in making it happen. Now if this was to happen in a regulated markets in the city then all of them would be hauled over coals and pay hefty fines

On the night of the referendum, Nigel Farage went on TV and 'conceded', causing a huge spike in the pound -- that moment was as much a part of the Leave campaign's goal as the referendum itself. In the knowledge that statement was coming and the effect it would have, people made billions overnight. It was a well executed bit of insider trading. Illustrating the point with this picture of Nigel Farage from Leave HQ on the night of -- gleefully pointing at the plummeting pound.

This and offshore tax evasion have always been the story of why Brexit occurred in the first place. They harnessed things that were legitimately wrong with people's lives, and created a narrative that it was all the EU's fault, in order to make (or retain) enormous wealth. Brexit is all about - offering the poor the illusion of a vote to regain 'control' and 'freedom', and for the rich to stay rich.

 

[spongebob59]

Interesting thread :

https://twitter.com/x/status/1172135624163438594

 

[Foxholer]

So could a learned person explain what this means in layman's terms? Trouble at 'mill for the Eurozone or something quite normal?

Something quite normal!

But, potentially, 'trouble at ' mill'!

 

[SwingsitlikeHogan]

Kwasi Kwarteng yesterday - this is disgraceful hiding behind a confected 'people are saying' - a perfect example of apophasis (he brought up a subject by denying it, or denying that it should be brought up ). He really is beyond the pale in his sycophancy to Johnson.

https://www.bbc.co.uk/news/uk-politics-49670901speaker

 

[Deleted member 18121]

Something quite normal!

But, potentially, 'trouble at ' mill'!

exactly...its only normal if you're trying to avert a recession for a failing bloc.

 

[drdel]

Interesting thread :

https://twitter.com/x/status/1172135624163438594

I think this goes back to an all N Ireland backstop that was junked at the beginning of the year.

 

[spongebob59]

https://twitter.com/x/status/1171856106882252802

https://order-order.com/2019/09/12/carole-issues-yet-another-correction/

 

[Foxholer]

exactly...its only normal if you're trying to avert a recession for a failing bloc.

Twaddle!

It's a recognised Central Bank tool!

Kindly explain exactly how it, alone, averts a recession.

Given that the Pound has fallen around 20% against the Euro (and similar (?) against the dollar), surely that the UK is in an even worse state?

 

[User62651]

Kwasi Kwarteng yesterday - this is disgraceful hiding behind a confected 'people are saying'. He really is beyond the pale in his sycophancy to Johnson.

https://www.bbc.co.uk/news/uk-politics-49670901

KK gets wheeled out now for 'serious comment' like they used to do with Michael Fallon i.e. they're in a panic and want someone calm and authoritative-sounding to either deny or make sh*t up.

Gutter tabloids of the right trying to defame long serving top judges for scrupulously applying the law is bang out of order, should be no go area for papers. Shameful.

 

[Deleted member 18121]

Twaddle!

It's a recognised Central Bank tool!

Kindly explain exactly how it, alone, averts a recession.

Given that the Pound has fallen around 20% against the Euro (and similar (?) against the dollar), surely that the UK is in an even worse state?

It doesn't alone avert anything, and that's exactly the point. They've increased the interest charge for holding euros in a bid to get people to spend and invest more.... They're then going to invest €20bn per month into the fixed income (debt) market in a hope to make money on what they do hold in cash.

I notice you keep throwing around "twaddle" when you don't believe something, well I can tell you that I work for a large investment bank in the city and I'm telling you what was said in today's meeting after the ECB announcement.

But I forget, you know more than industry professionals don't you.

 

[SwingsitlikeHogan]

KK gets wheeled out now for 'serious comment' like they used to do with Michael Fallon i.e. they're in a panic and want someone calm and authoritative-sounding to either deny or make sh*t up.

Gutter tabloids of the right trying to defame long serving top judges for scrupulously applying the law is bang out of order, should be no go area for papers. Shameful.

And KK plays the apophasis game - stirring things by deliberately planting the seed of discontent for the thing he disavows. He is indeed the patsy they stick up in front of the microphone these days.

Don't know how he can live with himself some of the stuff he spouts about Brexit and the governments plans and risk management.

Hope he's pleased with himself.

 

[SocketRocket]

On the night of the referendum, Nigel Farage went on TV and 'conceded', causing a huge spike in the pound -- that moment was as much a part of the Leave campaign's goal as the referendum itself. In the knowledge that statement was coming and the effect it would have, people made billions overnight. It was a well executed bit of insider trading. Illustrating the point with this picture of Nigel Farage from Leave HQ on the night of -- gleefully pointing at the plummeting pound.

This and offshore tax evasion have always been the story of why Brexit occurred in the first place. They harnessed things that were legitimately wrong with people's lives, and created a narrative that it was all the EU's fault, in order to make (or retain) enormous wealth. Brexit is all about - offering the poor the illusion of a vote to regain 'control' and 'freedom', and for the rich to stay rich.

Thats right but don't forget the effect brought about when the EU integrated Semi-Lizard people into the Labour Party who started spreading rumours that Jeremy is our saviour and although his policies will destroy the ecconomy it wont really matter as other countries will make up the deficit.

 

[SocketRocket]

It's absolutely because of (UK's version of) 'Democracy' that we are in this situation!



Seems rather like a cry for a 2nd Referendum to me!

Twaddle!
The UKs version of democracy is what lays out process, we are in this situation due to people in Parliament working against the result they asked for but didn't want and bending the process to do it.

 

[Deleted member 1418]

Foxholer - any chance you could put 'Twaddle' to bed now please and use 'Fiddlesticks' instead? Will at least be something to freshen up this thread!! 😉😀