Brexit - or Article 50: the Phoenix!

[Deleted member 15344]

And how long is the long term when the EU’s QE chickens come home to roost Phil? And how big will that be as it appears to be a number of the other net contributors that are at risk?

No idea what a QE chicken is ?

Are we financially at risk by staying in the EU ?

 

[Deleted member 21784]

No idea what a QE chicken is ?

Are we financially at risk by staying in the EU ?

I still think the Eu will only be in serious danger if we leave .. if we stay we keep it going together. Not just our countries futures we are playing with

 

[chrisd]

No idea what a QE chicken is ?

Quantative Easing possibly??

 

[Hobbit]

It’s actually from Dickens-a description of a lawyer, I can’t remember which book

Nicholas Nickleby... I think. Wasn't it the lawyer Greg-something?

 

[Ross61]

See, youve learned something today. Dont forget its the ballot box that puts them in their job, the public only lend then their position and can take it away next time.

If only that were True for many voters that live in strongholds. Apparently 29% of constituencies have never changed hands since 1945 and 49% since 1970. True democracy it isn’t for those that vote against the standing party in those constituencies.

 

[Deleted member 21784]

 

[Deleted member 1147]

Nicholas Nickleby... I think. Wasn't it the lawyer Greg-something?

Just checked, it was an MP named Gregsbury

 

[Hobbit]

No idea what a QE chicken is ?

Are we financially at risk by staying in the EU ?

As we're not currently in the Euro, less risk than those that are. However, the EU is considering mutualising debt, i.e. all ECB debt is shared by all nations in the EU. At present, the ECB is holding a significant number of junk-bonds issued by various EU countries whose economies were tanking. The bonds are time limited, i.e. they're the chickens that will come home to roost.

Quite what that roosting will look like, no one knows. The ECB may agree to extend the time limit, or countries might issue more bonds, assuming they can find a buyer, to cover the 'buy-back' on the old bonds. Or the ECB might go down the route of more QE.

A major part of the problem was the EU is very restrictive on its financial rules, and stopped many national banks from using the financial freedoms that Non-Euro banks like the Bank of England have. The UK started its version of QE long before the EU, hence coming out of recession a lot earlier than many EU countries. That early intervention gave international investors a lot more confidence to invest in the UK before most of the EU.

(Note, no copying and pasting was involved in creating this post...)

 

[Deleted Member 1156]

Incorrect again socket. They understand how it works. They are entitled to change their mind. Its how democracy works

That’s the entire point.

Just to make this completely clear to you so you understand.
Democracy is allowing people to make a decision then carrying it through. We voted, we made a decision, we must now carry it through. Which bit of that process do you not understand?

 

[Deleted member 21784]

Just to make this completely clear to you so you understand.
Democracy is allowing people to make a decision then carrying it through. We voted, we made a decision, we must now carry it through. Which bit of that process do you not understand?

We made a decision on a non legally binding referendum, do you understand that part so far?

We can change our mind at anytime that’s democracy. We didn’t have to see through a non legally binding process at all

If they cancel it and revoke article 50 they will have cancelled a non legally binding outcome..

Hope you kept up.

 

[Deleted Member 1156]

We made a decision on a non legally binding referendum, do you understand that part so far?

We can change our mind at anytime that’s democracy. We didn’t have to see through a non legally binding process at all

If they cancel it and revoke article 50 they will have cancelled a non legally binding outcome..

Hope you kept up.

You are just coming across like a spoilt child that didn't get what he wanted. We voted, we reached a majority. Now deal with it.

 

[Papas1982]

We made a decision on a non legally binding referendum, do you understand that part so far?

We can change our mind at anytime that’s democracy. We didn’t have to see through a non legally binding process at all

If they cancel it and revoke article 50 they will have cancelled a non legally binding outcome..

Hope you kept up.

In regards to the legality you are correct, but to have a vote and then not honour the outcome makes a mockery of it.

If i'm with my mates and we are deciding on what takeout we want we have a chat and majority rules, we don't argue for an hour and vote again.

 

[chrisd]

We made a decision on a non legally binding referendum, do you understand that part so far?

We can change our mind at anytime that’s democracy. We didn’t have to see through a non legally binding process at all

If they cancel it and revoke article 50 they will have cancelled a non legally binding outcome..

Hope you kept up.

Come on Paul, it's not democracy to assume that those (the majority) who voted to leave have changed their minds and then ask for a second vote. Whilst not legally binding the 2 main parties fought a general election on a promise to deliver on the referendum result. If they cancel 50 there will be mayhem in the country.

 

[Deleted member 21784]

Come on Paul, it's not democracy to assume that those (the majority) who voted to leave have changed their minds and then ask for a second vote. Whilst not legally binding the 2 main parties fought a general election on a promise to deliver on the referendum result. If they cancel 50 there will be mayhem in the country.

I’m just making the point to those who don’t seem to actually understand that the gov can change their mind if they see fit because it’s not legally binding and never was.

If it’s correct or not to do so is a debate for another time but for drive4show and socket to suggest to don’t understand because once you have voted they HAVE to put it though is again WRONG

If it’s not legally binding then they don’t have to do anything if they don’t want to.

Just pointing out some facts to 2 people who like to try to talk down to me because they can’t seem to grasp that whilst it may morally be wrong to change the outcome of the vote the gov can do whatever they like here.

Once again

Not legally binding.

I hope the understood and kept up 👌

 

[chrisd]

I understand it wasn't a legally binding referendum but not so sure that it's not now legally binding having enacted the Article 50, and yes, I am aware that we can revoke 50 but not sure that isn't a legal process too.

 

[Hobbit]

I understand it wasn't a legally binding referendum but not so sure that it's not now legally binding having enacted the Article 50, and yes, I am aware that we can revoke 50 but not sure that isn't a legal process too.

Think the Withdrawal Act made it legally binding, but that doesn't mean the law can't be changed. There'll have to be an amendment to it anyway as the Act has the date 29th March in it.

 

[Deleted member 15344]

Come on Paul, it's not democracy to assume that those (the majority) who voted to leave have changed their minds and then ask for a second vote. Whilst not legally binding the 2 main parties fought a general election on a promise to deliver on the referendum result. If they cancel 50 there will be mayhem in the country.

I believe it is legally binding now though isn’t it ? But they can change it I also think ?

As for mayhem in the country - there already is right now

 

[harpo_72]

In regards to the legality you are correct, but to have a vote and then not honour the outcome makes a mockery of it.

If i'm with my mates and we are deciding on what takeout we want we have a chat and majority rules, we don't argue for an hour and vote again.

That’s just a 30 minute sh*t in the morning, not a life turning to sh*t opportunity

 

[harpo_72]

As we're not currently in the Euro, less risk than those that are. However, the EU is considering mutualising debt, i.e. all ECB debt is shared by all nations in the EU. At present, the ECB is holding a significant number of junk-bonds issued by various EU countries whose economies were tanking. The bonds are time limited, i.e. they're the chickens that will come home to roost.

Quite what that roosting will look like, no one knows. The ECB may agree to extend the time limit, or countries might issue more bonds, assuming they can find a buyer, to cover the 'buy-back' on the old bonds. Or the ECB might go down the route of more QE.

A major part of the problem was the EU is very restrictive on its financial rules, and stopped many national banks from using the financial freedoms that Non-Euro banks like the Bank of England have. The UK started its version of QE long before the EU, hence coming out of recession a lot earlier than many EU countries. That early intervention gave international investors a lot more confidence to invest in the UK before most of the EU.

(Note, no copying and pasting was involved in creating this post...)

Project fear ..! Put it away, the EC won’t let their economy tank.

 

[Papas1982]

That’s just a 30 minute sh*t in the morning, not a life turning to sh*t opportunity

I agree, but the concept is the same. The people had a vote. Imo it should be followed.

The vote should never have been given to the people, but now it has it should be listened to.