Miltiades:
When our economy is staring the abyss, when the value of our stg devalues even more than it has already, when foreign investment begins to dwindle, when reality sets in that our NHS will NOT benefit by ...350 million per week, when immigration continues on the rise, when foreign and British owned multinationals begin to exit the UK, that is when it would take a brave politician to push the self destruct button for our economy.
But what you overlook is that the whole GLOBAL economy is staring into the abyss! Outside of the restraints of a Federal Government in Brussels at least the UK can make independent decisions and has the opportunity to protect and isolate itself from the coming financial crash, whereas inside the EU we would go down with the EU ship.
BTW: This reference you always make to the £350m a day! You make a big thing of it but it is actually a true statement ..... simple as that. When you employ someone on say £25K pa ..... you quote the gross figure .... not the the net figure.. The ‘
remainers’ are obviously pretty dumb if they couldn’t work that out!
At least we will have ....our country back The "leavers" were hoodwinked in believing all the nonsense put out by Boris and Farage. The markets reacted immediately upon the result announced. They are still reacting unfavourably and are still continuing to be pessimistic on the out come of this dreadful decision.
Exactly ..... The MARKETS ..... nothing to do with economics or economies, just straight forward speculation! The Brexit was a single event .... what has changed since that date?
NOTHING! It is all speculative. It has been the ‘
remainers’ that have been-hoodwinked! You didn’t question what Cameron and Osborne were telling you and then draw your own conclusions ....... and you are still doing it now. You wanted the status quo, have been lied to as to what that actually means and see nothing but doom and gloom for the future of the UK leaving The EU Club.
During the campaign the ‘
remainers’ were given no explanation of the benefits of staying by those that were arguing to remain, you were just fed fear as to what they claimed would happen if we left. Apart from the temporary decline in the value of Sterling,
which is driven by speculation NOT economics, all the other predictions of massive job losses, collapsing economy, rising interest rates, collapse in house prices, businesses moving out, current immigrants being throw out, no investment from outside ... etc.etc ..... have not happened. It is speculation, not Brexit, that is driving these fears.
I keep telling you that economic factors are a long timescale and happen gradually over time, what you fear is fear itself because you believe all the gloomy stories. For every story spreading fear, there are two more within hours/days that are up-beat. The same fear that destroyed the ‘
remain’ campaign has now turned to trying to bring the UK down so that they can say ‘
I told you so.’ Guess what? It is not going to happen! You do not understand the mentality of the average informed Brit.
The pound starts this week at 1.157 Euro and 1.298 on the Dollar. Its just a matter of time before we begin to stare in the abyss. financially. My pension, and that of 3 million Brits receiving in EU countries will begin to diminish.
True .... but don’t blame Brexit ....... blame the speculators like Soros.
From the close of The Markets on Friday until the start of business this morning, £1 hovered around €1.157 to €1.158, that is proof positive that it is speculation that is causing the fluctuations. The economy runs 24/7, the Markets only operate for five days a week! Every peak or trough in value is profit for speculators, adds nothing in the form of economic wealth and causes headaches for you and me, who are both trying to live on numbers that speculators control and manipulate for profit. That in turn distorts the economy. Stop these people speculating (
The Tobin Tax) and you go a good way to stopping the exploitation of currency values for profit. Of course the speculators and the financial system are totally opposed to this form of tax.
Tobin Tax:
A Tobin tax, suggested by Nobel Memorial Prize in Economic Sciences Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. Tobin's original tax was intended to put a penalty on short-term financial round-trip excursions into another currency.
We are on way to becoming an impoverished nation. Having just recently spent a few days in Belarus, I soon discovered that even against this currency the pound was down by 16% .
More gloom! ‘
Impoverished’? Give me a break! The UK is one of the wealthiest countries in the World. An ‘
impoverished’ country is ...... JAPAN! Check out their national debt, negative interest rates, a growing number of sick and useless pensioners etc ...... what do they do, they just create more money? Their economy has just dipped yet again as it has on the whole for several decades. Their national debt is almost totally comprised of YEN. But they are still rich in what the Yen can buy inside Japan. (
There is a lesson to be learned there.)Belarus has its own sovereign currency and the government can control its value to a great extent and thus it can never go bankrupt. All those EU countries in the Eurozone are on the edge of this financial abyss and do not have that advantage, their only solution is to borrow more from the IMF/ECB and get ever deeper in debt. The IMF then strip them of their assets when they inevitably default. I’m sure you will recognise and accept that you could never run a business on that basis?
I have yet to be told of a tangible REAL benefit that we would gain by leaving the EU, only nonsense such as mentioned. No longer will we be ....dictated by unelected Europeans, the size of our ...cucumbers will now be decided by us We may just find a useful way to deal with the size of our cucumbers
I think that comment shows that you do not see anything like the overall picture.
Let me make a point:
In the 1970’s and 80’s a small but vocal minority decided they were more important than the industries whose employees they were supposedly acting on behalf of. Margaret Thatcher realised the danger and had the balls to stand up against them and this caused a lot of hardship, at the time. She bought them down to earth, something they have never recovered from.
We now have the same problem but this time it is a threat to the Global economy. The banks are doing just what the Unions did, they have set themselves up as being exceptional and absolutely untouchable because they regard themselves as more important than any Nation State. They believe THEY are the Global economy!
We need another Thatcher who recognises the bankers for what they are ..... parasites ..... someone who has the balls to face them off and bring them down. That is not just relevant to the UK but the Global economy as a whole.
Unless this is addressed, this is what will bring the UK down. The UK’s reliance on the banking and financial sector is what has created an asset based economy and the collapse will happen very quickly and without warning. (
Think Lehman Bros but on a much greater scale) There are warnings by many economists that all the signs are there, based on previous collapses but this time it will be on a Global scale.
, having the balls to enact Article 50 to leave the EU. The whole thing will be kicked down the road with million excuses why it cannot be enacted now and now and now and now, to even in the year 2050!
The " leavers" were hoodwinked in believing all the nonsense put out by Boris and Farage. The markets reacted immediately upon the result announced. They are still reacting unfavourably and are still continuing to be pessimistic on the out come of this dreadful decision. 
