The Best Cyprus Community

Skip to content


Brexit ..... The Movie

Feel free to talk about anything that you want.

Re: Brexit ..... The Movie

Postby Paphitis » Sun May 22, 2016 10:00 am

GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


The UK has done a lot for the EU.

But they are also smart enough to protect their currency and Central Bank. Credit where credit is due.

If only both Greece and Cyprus took a leaf from their book. :roll:
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20996
Joined: Sun May 21, 2006 2:06 pm

Re: Brexit ..... The Movie

Postby Robin Hood » Sun May 22, 2016 11:14 am

Paphitis:
The UK has done a lot for the EU.

Answer the lady's very reasonable question ...... such as?
But they are also smart enough to protect their currency and Central Bank. Credit where credit is due.

They can’t ‘protect’ their currency, it is a reserve currency and at the whims of the money markets. The BoE is as vulnerable as the FED, ECB or any other Central Bank. What are you awarding credit for them doing?
If only both Greece and Cyprus took a leaf from their book.

Greece and Cyprus were both in a better position than the UK as they both had a currency that they DID have control over because it was not traded internationally. They locked it to the Euro and were then required to join the Euro as part of the membership terms.

Greece was ‘assisted’ to join the EuroZone by Godlman Sachs who even fiddled the figures so that they could meet the membership criteria. Cyprus ..... just kept there problems to themselves ..... like massive NPL liabilities and loans for all their mates ....... and wanted to join the club and be ‘European’ and thought the good times would go on forever?

Both were stitched up by the Bankers you revere so much!!! :roll:
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2579
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: Brexit ..... The Movie

Postby Paphitis » Sun May 22, 2016 11:17 am

GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


Anyway, use your vote wisely.

I support the wishes of the British people either way.

But consider yourself very lucky you still have fiscal autonomy. That is very precious!

I wish Cyprus can go back to the Cyprus Pound.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20996
Joined: Sun May 21, 2006 2:06 pm

Re: Brexit ..... The Movie

Postby Robin Hood » Sun May 22, 2016 2:20 pm

Paphitis wrote:
GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


Anyway, use your vote wisely.

I support the wishes of the British people either way.

But consider yourself very lucky you still have fiscal autonomy. That is very precious!

I wish Cyprus can go back to the Cyprus Pound.


GIG: The wise man has spoken .... and just assumed you could vote.

Oh dear Paphitis, ....... are you sulking and speaking only to those you deem worthy ? How sad ..... again I urge you to grow up and behave like an adult ...... or go and play silly games on a thread of your own creation.

I am sure the British people would be very pleased if they were aware they had your support either way. :roll:

Fiscal autonomy? They have their own currency that is all but do have the complication that it is a reserve currency and, as a wild guess, could tumble ..... sooner rather than later. But of course you will be well informed enough to realise the dangers having a reserve currency entails?

Cyprus could go back to the Cyprus Pound ........ if it left the Eurozone. They had their chance but instead of getting out when they could they accepted the advice from the Troika ..... what a disaster!
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2579
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: Brexit ..... The Movie

Postby Paphitis » Sun May 22, 2016 2:54 pm

GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


I hope you don't mind me talking to you? As you can see, there are a couple of obsessed trolls round here! :lol:

I hope you enjoy Britains day of democracy where you will get the opportunity to vote yay or nay! It's a festival of democracy and you are lucky to have your say! :lol:

And lucky to still have your currency.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20996
Joined: Sun May 21, 2006 2:06 pm

Re: Brexit ..... The Movie

Postby Robin Hood » Sun May 22, 2016 3:40 pm

Pyrpoliser:
Now about the future of the EU everybody seems to ignore the new rising giants, Poland and Romania.There's a good chance they will dominate after 20 years as most factories and heavy industries move there (mainly to Poland).

There is a problem with that. It will not last when they are obliged to adopt the Euro, just like in Cyprus. Both those countries produce their own currencies which are not international trading currencies thus their Treasury/CB can control the value against the reserve currencies. A pension in Poland works out for many at about €300 per month, a good pension is double that but in Poland that will provide a reasonable living standard ..... you would be in dire straights to survive on that here. Cheap rates of pay attract foreign investment from high wage countries.
Perhaps Paphitis who admires UK's financial system could explain us what of essence that system is actually delivering. Thin air maybe? I must admit the same system worked fine in Cyprus for about 2 decades. We all became rich, and thought we were clever...

Basically, he can’t answer because he has no clue how the system works. He can only caste pearls of Paphitis wisdom which are of questionable value! :roll:

The UK banking and financial system creates ‘numbers’ it does not create jobs by investing in the wealth creating manufacturing industries, it simply feeds numbers into the financial system and their ‘products’demonstrated as soaring Stock Markets and huge rises in property prices ..... all deemed as ‘assets’. The BoE created £375bn by QE and it ALL went to the banks and then the financial system to create these assets .... not the intended jobs. These assets have no substance ..... they represent perceived wealth only and they can crash dramatically if someone trips them up. Thus the UK is primarily an asset based economy not a wealth based economy. In short the financial system gives an impression of wealth rather than real wealth. It is in effect a Ponzi scheme ..... and there has never been one of those that was a success ..... they all fail eventually.

The situation in Cyprus before they adopted the Euro was similar to the UK but not quite the same. There was also a lot of under the counter/off-shore trading, tax evasion and placating the Unions by paying civil servants more Cyprus pounds than those in private businesses could afford.

The difference was that the Central Bank of Cyprus was independent and produced its own currency which had no value outside Cyprus. It had to be converted to be able to spend it elsewhere. The exchange rate was basically controlled by the Cyprus Treasury. When I came here a Sony TV was almost a CP£1000! In the UK the same set was less than a third of that. The Govt. controlled the price of imports by making spending on foreign imports expensive, this limited imports to a degree. If you remember those days; it was not permitted for a Cypriot national to legally hold foreign currency; only a foreigner like me with a foreign currency income, had Sterling or Dollar accounts. When I paid for my house I paid in Sterling but the credit to the builder was always in Cyprus pounds, the Sterling went to the Central Bank.

When they joined the Euro, they completely lost this independence. In addition, the only way the Government could now get money to pay the bills, apart from taxation, was to borrow. They no longer had the option of just creating money as they needed it, the banks now created it for them as a loan with interest, when they bought Cyprus Government Bonds. As you say ...... money out of thin air, no different than previously, but now the banks were creating it as an interest bearing loan. They entered the ‘debt spiral’ economy favoured by the banks.

The only option was to reduce spending and they introduced austerity so that they had more money to repay the banks by reducing government expenditure on salaries and more importantly social services like health and education. This filtered through to the private sector and collapsed the economy.

Paphitis said that The UK would be lost without its Central Bank BoE.

In a way I agree, but it is how that Central Bank operates that is important.

The Bank of England is NOT independent; it is just one of a consortium of Global Central Banks that in turn have their own Central Bank. Cyprus has a Central bank but it isn’t one, it is in effect a branch office of the ECB, who in turn are a branch of the IMF/World Bank and ultimately The Bank of International Settlement (BIS). The BoE is the same sort of status as the FED/ECB because it creates a currency that is a reserve currency and as I see it, that is where the fiscal problems start.

A country that produces its own money can never go bankrupt, unlike those in the Eurozone with weak economies that are slipping into bankruptcy led by Greece and followed by Italy, Spain, Portugal, Cyprus.

I posted what Trump said about just printing more money (USD’s) to pay off the national debt by buying back US Govt. Bonds? Trump was, in a simplistic sort of way correct. (But did you notice it was never followed up like his other 'crazy' suggestions?) but we discussed it in the other thread on the ‘Super Rich’ before Paphitis took over the thread with his ill-informed ramblings and insults. What that does is to repay debt with more debt. You spend your way out of debt by creating more debt!!!!!! :o

This is why I believe Corbyn is a lot smarter than Osborne! With the present system, the Government borrows by selling Bonds to private commercial Banks and financial institutions, like pension funds. Once you realise and accept how the Banks create this debt that they then ‘lend’ to Government, the answer to the problem is very simple ...... DON’T BORROW ........ CREATE YOUR OWN MONEY but the banks hate this idea.(That is why they blanked Trumps statement .... like Paphitis does with mine. The Bankers don't want their banking system dissected in front of the generally dumb public!)

If I were voting on this Brexit in the UK, if I thought that there were people running the system that were capable of doing this I would vote ‘OUT’ but ....... there is no party that would do this, certainly not the Tories because they are in the pocket of their banking friends.

The Government creating its own money would crash the commercial banks ability to create money to fuel financial asset inflation and the banks would lose the bulk of their income. They would revert to being an intermediary and left lending to companies and citizens with money THEY had to borrow from the Central Bank. The Government would effectively be controlling the Banks not the other way round as it is now and the Bakers will do anything to prevent this happeneing.

The rest of Paphitis detailed explanation is only his impression of how the Banking system works and is mainly just an example of how banks swap columns in their accounts, give the operations fancy names, and create the illusions of wealth. It's all smoke-and-mirrors! :wink:
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2579
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: Brexit ..... The Movie

Postby Robin Hood » Sun May 22, 2016 3:50 pm

Pyrpolizer:
All that is fine, however it doesn't answer my question of how the UK can survive by just been a FINANCIAL center at a time that most of her industries are gone. Financial centers rely almost exclusively on money laundering or tax evasion and that's what we were doing in Cyprus, providing tax evasion to the Russians.......

The UK already has it's own Central Bank and own currency, and doesn't do any miracles I don't see how that would change by leaving the EU.


You’ve got it! The UK banking and financial centres are the backbone of the UK economic system ...... and it is all based on an illusion ........ one HUGE Ponzi scheme! The UK is extremely vulnerable to attack from the world banking system (IMF/BIS) and by manipulated markets if they chose to leave the EU.

Those that run the worlds financial and banking system will punish the UK for breaking out of the control of an increasingly powerful EU Federal Sate which, just like the banking system has an upper layer of ‘management’ ....... the US, the five or six major US international banks, US corporations and the Zionists. :roll:

If you refuse to remain in their club and play by their rules, ‘they’ will invoke a form of regime change and to do that they will have to destroy the UK economy and bring them to their knees. This is why I would vote ‘STAY’ not because I think it is the right choice but because I don’t think the UK HAS a choice!!! The British people no longer have ‘The Battle of Britain’ spirit that they would need to fight back against what is effectively a banking tyranny. They have had it too cosy, too easy for too long and have a me, me, me attitude. :x
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2579
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: Brexit ..... The Movie

Postby Paphitis » Sun May 22, 2016 4:13 pm

GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


Btw, don't let the zionists influence your vote, or the Murdock MSM and when you see an Airliner fly overhead with contrails, take your umbrella! :lol:
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20996
Joined: Sun May 21, 2006 2:06 pm

Re: Brexit ..... The Movie

Postby Robin Hood » Sun May 22, 2016 5:31 pm

Paphitis wrote:
GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


Btw, don't let the zionists influence your vote, or the Murdock MSM and when you see an Airliner fly overhead with contrails, take your umbrella! :lol:


How childish ? Paphitis ...... I don't think the members are taking a lot of notice of your tantrums, their intelligence level is above it? Give up ..... or grow up! :roll:
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2579
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: Brexit ..... The Movie

Postby Paphitis » Sun May 22, 2016 5:52 pm

GreekIslandGirl wrote:I'd seriously like to know what the UK has done for the EU? What good does its membership bring?

The UK has done nothing but moan since it joined. Also, it has gone against popular and safe options and petitioned for Turkey to become a member. Yes, the UK has relentlessly campaigned for Turkey to join and yet now one if its strongest arguments for leaving the EU is that 'one day, Turkey might join' . What?


Are you having a laugh. The guy is friggin loopy! :lol:

The gift that keeps on giving.

Image
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20996
Joined: Sun May 21, 2006 2:06 pm

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 2 guests