Brexit Deal

[Wattie]

Following is a brief summary of von der Leyen's main proposals for the next five years, as outlined Von dear Leyen said that she would appoint a "Chief Trade Enforcement Officer" to improve compliance and enforcement of EU trade agreements. She also said that she would lead efforts to update and reform the World Trade Organization: "We must ensure that we can enforce our rights, including through the use of sanctions, if others block the resolution of a trade conflict."

And behold the trap......the withdrawal agreement.

“The drafters of the withdrawal agreement refer to existing CJEU jurisdiction several times, and the dispute settlement provisions are broadly similar to the dispute settlement rules of the World Trade Organisation (WTO)”

So now Europe wants to “enforce its rights” and update and reform the WTO.......that’s detrimental to the Uks rights in a trade dispute conflict and we’d be screwed.

Good to see Johnson getting rid of all those two faced Mp’s.

 

[Wanderer]

UK = my birthplace = where I don't live now = feeling of impending doom
Ireland = my ancestral home = where I live now = no feeling of impending doom

What's good in UK? Blah blah, 5th largest economy, blah blah we had an empire, blah blah we are special some some indefinable reason, hold all the cards, blah blah. Same rhetoric, 5th largest yes, but I'd say probs top 5 most indebted. UK isn't anywhere near a power or anything special, forget that *****, place is. shiithole, foodbanks are testament to British pluck, child poverty at record high levels, place is fooked, cos we are 'just another country' and we have 'jumped up self belief'....

Accept it..

 

[Wattie]

......
What's good in UK? Blah 5th largest yes, but I'd say probs top 5 most indebted. UK isn't anywhere near a power or anything special, forget that *, place is. shiithole, foodbanks are testament to British pluck, child poverty at record high levels, place is fooked, cos we are 'just another country' and we have 'jumped up self belief'....

Accept it..

Debt to GDP Ratio by Country 2019
What countries have the largest debt in the world?

1. Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD))
2. Greece (National Debt: €332.6 billion ($379 billion US))
3. Portugal (National Debt: €232 billion ($264 billion US))
4. Italy (National Debt: €2.17 trillion ($2.48 trillion US))
5. Bhutan (National Debt: $2.33 billion (USD))
6. Cyprus (National Debt: €18.95 billion ($21.64 billion USD))
7. Belgium (National Debt: €399.5 billion ($456.18 billion USD))
8. United States of America (National Debt: $19.23 trillion (USD))
9. Spain (National Debt: €1.09 trillion ($1.24 USD))
10. Singapore (National Debt: $350 billion ($254 billion US))

So that”ll be 60% in Europe..... what an advert for the economic powerhouse.

Ponzi scheme..... Ecb to deliver more”ponzi” today.

 

[midlifecrisis]

National debt isn't a problem. A lot of people run their lives in a similar way.

Anyhoo here's a link to frighten the bejesus out of anyone.

https://www.usdebtclock.org/world-debt-clock.html

Which makes me wonder, if every country is in debt, who do they owe it too?

Is it all part of an alien conspiracy?

 

[lifes2short]

Anyhoo here's a link to frighten the bejesus out of anyone.
https://www.usdebtclock.org/world-debt-clock.html

wow, that's hypnotic, could look at those numbers all day, almost better than titties

 

[Wattie]

National debt isn't a problem. A lot of people run their lives in a similar way.

Anyhoo here's a link to frighten the bejesus out of anyone.

https://www.usdebtclock.org/world-debt-clock.html

Which makes me wonder, if every country is in debt, who do they owe it too?

Is it all part of an alien conspiracy?

Thats not true, Its a huge problem....hence the requirement to bail out everything that fails.
Dominos.

Too put those numbers into perspective it's estimated there are around 3.5 trillion fish in our oceans.

Dont worry though, central bankers have it covered with more QE.....

 

[MaserCoupe]

So making sure our economy is stable with trade agreements in place, investment in the country, that is really really important then...paramount even.

 

[midlifecrisis]

Thats not true, Its a huge problem....hence the requirement to bail out everything that fails.
Dominos.

Too put those numbers into perspective it's estimated there are around 3.5 trillion fish in our oceans.

Dont worry though, central bankers have it covered with more QE.....

3.5 fish in the ocean and I couldn't catch one the other day...

 

[GeoffCapes]

Thats not true, Its a huge problem....hence the requirement to bail out everything that fails.
Dominos.

Too put those numbers into perspective it's estimated there are around 3.5 trillion fish in our oceans.

Dont worry though, central bankers have it covered with more QE.....

I don't think you can put the worlds financial crisis down to a pizza chain.

 

[Wattie]

3.5 fish in the ocean and I couldn't catch one the other day...

Could’ve been worse, you could have caught the 0.5 of one.

 

[Wattie]

No

So making sure our economy is stable with trade agreements in place, investment in the country, that is really really important then...paramount even.

yes in principle.
No in reality.
The BOE can simply print it’s way thru Brexit if required. The rest of the World is doing it so we can too for a year or so to get over the worst.
The Eu cannot get over the worst. It’s a flawed currency union where countries that should not be in it- already are.
It’s in a spiraling doom loop......to disaster.

 

[MaserCoupe]

No

yes in principle.
No in reality.
The BOE can simply print it’s way thru Brexit if required. The rest of the World is doing it so we can too for a year or so to get over the worst.
The Eu cannot get over the worst. It’s a flawed currency union where countries that should not be in it- already are.
It’s in a spiraling doom loop......to disaster.

Interesting, So what will attract the business, the investment, how are we going to attract other countries to trade with us that will be more attractive than what they already have in their existing situation? What will our USP be outside a bloc?

 

[Wattie]

Interesting, So what will attract the business, the investment, how are we going to attract other countries to trade with us that will be more attractive than what they already have in their existing situation? What will our USP be outside a bloc?

The Uk will attract the business.
For 1, we’re not a Ponzi scheme.
And if the £ tanks we’ll be cheap. ( farce against a Ponzi currency but hey ho)
Everyone likes a bargain....... European countries paying 1-1 euros to trade with other broke Eu countries , might find they get €1-£2 and therefore trade with us cos we’re far cheaper.
That will bankrupt the EU even more!
We’ll be selling lots of fish to French cos they’ll be banned from Uk waters.
Who knows, Maybe they’ll start manufacturing European cars in the Uk.......Mercedes, Maserati etc
Cos they’ll be cheaper to produce here.

 

[MaserCoupe]

The Uk will attract the business.
For 1, we’re not a Ponzi scheme.
And if the £ tanks we’ll be cheap. ( farce against a Ponzi currency but hey ho)
Everyone likes a bargain....... European countries paying 1-1 euros to trade with other broke Eu countries , might find they get €1-£2 and therefore trade with us cos we’re far cheaper.
That will bankrupt the EU even more!
We’ll be selling lots of fish to French cos they’ll be banned from Uk waters.
Who knows, Maybe they’ll start manufacturing European cars in the Uk.......Mercedes, Maserati etc
Cos they’ll be cheaper to produce here.

Interesting theory Wattie. Why do you think our heads of state haven’t been informing us that we can just print our way out of Brexit? So if you’re correct in assuming it’s a short term negative impact, It seems really strange that on something of this magnitude and gravitas to the economy that no one is reassuring or emphasising this to the country. I.e. that it’s just a small matter of simply printing our way out of trouble. I mean that’s a pretty major and convincing argument or do you think there’s more to it, in that there is a price to pay in going down that route? Hmmmh

 

[Hawk13]

The UK is a net importer - i.e. we buy more than we sell.

It's always a buyers market.

And ask yourself, how long will the French farmers put up with watching their produce rot because they are not allowed to sell to the UK. Likewise Germany not being able to export its cars.

And if the if the EU will not trade with us, plenty of other countries will.

 

[GeoffCapes]

Who knows, Maybe they’ll start manufacturing European cars in the Uk.......Mercedes, Maserati etc
Cos they’ll be cheaper to produce here.

They'll only be cheaper if we have the raw materials to make the cars. As we generally import the raw materials at present.
Hence the steel works closing etc.

If we have to import the raw materials they will be much more expensive as the pound will be worthless, and therefore the cars (using them as an example) won't get made.

With a worthless pound, the only way the UK will be profitable is if we make stuff where we have the raw materials.
At present there is very little as the UK, by and large, is a services country as thats where the majority of our money is made.

We have neglected our manufacturing industry for decades, which means that to start having products made in the UK again, we need to resurrect the raw materials industry (steel, oil etc).
This takes a long time and money.

With a worthless pound it takes twice as much at a time when we haven't even got half as much.

If the Euro Ponzi scheme (as you call it) goes down we go down with it.

Think of it as being in a life jacket having abandoned ship as it is sinking.
You're ok whilst the ship is still on the surface. But unless you get far enough away from it when it goes under the waves, you will be sucked down with it.

 

[GeoffCapes]

The UK is a net importer - i.e. we buy more than we sell.

It's always a buyers market.

And ask yourself, how long will the French farmers put up with watching their produce rot because they are not allowed to sell to the UK. Likewise Germany not being able to export its cars.

And if the if the EU will not trade with us, plenty of other countries will.

Valid points. But why would you turn your back on your biggest client?
Financial suicide.

But thats what Brexit is effectively.

 

[MaserCoupe]

The UK is a net importer - i.e. we buy more than we sell.

It's always a buyers market.

And ask yourself, how long will the French farmers put up with watching their produce rot because they are not allowed to sell to the UK. Likewise Germany not being able to export its cars.

And if the if the EU will not trade with us, plenty of other countries will.

Yes but they are already trading and selling to the rest of the world? The German Car industry has already announced it would not countenance and or compromise the integrity of the single market?

 

[Wattie]

Interesting theory Wattie. Why do you think our heads of state haven’t been informing us that we can just print our way out of Brexit? So if you’re correct in assuming it’s a short term negative impact, It seems really strange that on something of this magnitude and gravitas to the economy that no one is reassuring or emphasising this to the country. I.e. that it’s just a small matter of simply printing our way out of trouble. I mean that’s a pretty major and convincing argument or do you think there’s more to it, in that there is a price to pay in going down that route? Hmmmh

Not really.
Since the GFC of 2008 you haven’t been told the truth....and politicians aint exactly honest.
When they have Been they’ve quickly forgotten what they said.
The BOE is a lender of last resort.....it’ll be a short term problem.
T useless May said it herself - I suggest you watch the video and all those now opposed, applauded it.
It’ll be grave to the Uk economy if we don’t diversify away from the most bust group of desperates on the planet.

Tell you what, listen to what the ECB says today, look at what they said 2,3,4,5,6,7,8 years ago....
They’re making it up and only idiots would take what they say in - they have no credibility, the Eu is a total disaster, unless it gets constant ECB support.

 

[Wattie]

Valid points. But why would you turn your back on your biggest client?
Financial suicide.

But thats what Brexit is effectively.

Because it’s a Ponzi scheme,
Tell you what, listen to what the ECB says today, look at what they said 2,3,4,5,6,7,8 years ago....
They’re making it up and only idiots would take what they say in - they have no credibility, the Eu is a total disaster, unless it gets constant ECB support.

We need to diversify away from this disaster that will happen.