I find you guys (
and girls)
quite amazing. You seem to be concentrating on your perceived opinion that the UK will collapse without being a member of the EU. The EU is hardly an example of financial or social stability, with the Euro teetering on the edge of collapse according to many economists and financial people. Also, like the UK they are having ever increasing problems with immigrant and open borders will be abandoned. The growth in the EU is lower than that of the UK and unemployment is higher.
Have you looked over your shoulders at what the effect of the UK leaving will be on the EU? Why do they not want the UK or any other States to leave the EU without punishing them for doing so? Because they could just carry on without the dubious ‘
benefits’ of being a member ............. the only benefits are the trade deals between countries!
To just assume that the problems will only affect the UK and then ignore the ample evidence that says the EU is the sinking ship not the lifeboat, is rather a naive approach. These block economic entities are falling apart and the EU is no exception. The world is moving toward more bilateral agreements than the TPP and NAFTA type arrangements which, when you read reports on them, are actually very little to do with trade and are in fact designed to allow big corporations to override National laws and have been a disaster for many that have joined them. A corporation can sue a national government if their regulations affect their profits! Anyway, if you have bi-lateral agreements with standards/regulations agreed between Nations ........ who needs Junker and his very expensive bureaucracy?
You only have to look at the southern states of the EU to see how a blanket trade deal or financial structure applied to all, is so often very detrimental for many States. Greece being a good example and Italy, Spain, Portugal are not far behind.
The opinion expressed by the Deutsche Bank that the Pound will lose 15% is coming from a Bank that has real problems as it is on the edge of needing a bail-out and its derivative debt is massive, .... something like a third of the banking derivative liability World wide. A wobble in the financial system which is on the cards and it will collapse and bring the EU banking system down with it. On the radio today they were relating to a previous banking event, the UK’s exit from the ERM being identified by the ‘
experts’ as being a disaster. Some banks quit the UK and went to Frankfurt ............. they came back to the UK within 18 months. It didn’t work ............. the World is bigger than just the EU.
Exactly what the British Bases have to do with membership of the EU is a bit baffling. They exist by treaty. Get rid of them and Cyprus would need to foot the bill for the ‘divorce’ ..... just like the EU Commission says applies to the UK’s exit from the EU. Although I doubt NATO would allow that to happen.
Pyrpoliser:
The so called "west" just got used in living wayyyy beyond their labor's worth, while at the same time other nations provide them with goods and services produced under conditions of nearly "slave salaries". The Americans push the Arabs to sell their oil at ridiculous prices for the western industry to keep moving.
That is a very simplistic a view. The cost of labour is relative. In the Northern parts of the Europe and other developed societies, the cost of living is significantly higher than say in China, Thailand or India. The wages they get may seem very low by our standards but not when compared to the cost of living. These countries have no health or social care systems, no pensions, no holiday pay, no sick pay ..... and that is what will change. Trump has already said he will introduce tariffs to balance for these lower labour costs and lack of workers benefits. This simple fact, as Trump has found out, cost the countries with higher wages millions of jobs as their own super corporations moved the manufacturing jobs abroad. What did we get in return? Often goods which are sub-standard when compared with those made in the western countries.
So I agree with you ,things will change and when these cheap foreign sources of labour see their profits going back to the more industrialised western countries, they will have two options ......... pay the tariffs or pay higher wages!
LR is correct about oil prices. Surely with a glut of oil certain States are feeling the pinch especially those in the ME who have no other industries. In these countries it has never been the people that benefitted from oil, it was the big US oil companies that made the big money and paid off all the Arab Royalty to keep the people down as this was a better deal than encouraging democracy! Having oil priced exclusively in Dollars has also been a great benefit to the US and a reason for much of the conflict in the region.
IMO: I still believe that in the long run the UK will benefit from not being a member of the EU ..... as the days of the EU are numbered anyway!
