Brexit (Old)

[RichardCoulter]

Originally Posted by Hugh

Not true - smoking is banned in the Houses of Parliament (there is a bar called "The Members Smoking Room", but the name is historic and no one can smoke in there).

https://publications.parliament.uk/p...07032046000005

Interesting, so whilst they exempted themselves from the 2006 Health Act, they have decided to ban smoking voluntarily!

A Channel 5 poll found that 44% of people believe that Brexit will make people's lives worse, which, if truly representative, suggests that 4% of remainers believe that staying won't make our lives any better!!

[1andrew1]

Originally Posted by heero_yuy

You (conveniently) forget the Amsterdam effect so considerably less of those exports ACTUALLY go into the EU but are transshipped world wide.

I would be more interested in learning what you believe the figure to be than whether you think his data is convenient or not.

[jfman]

Originally Posted by heero_yuy

You (conveniently) forget the Amsterdam effect so considerably less of those exports ACTUALLY go into the EU but are transshipped world wide.

If you can provide more accurate figures I’d welcome those, but the principle applies in any case. No economies act in isolation from it’s neighbours and largest trading partners (to that end I include China, USA, etc).

---------- Post added at 18:03 ---------- Previous post was at 18:01 ----------

Originally Posted by Sephiroth

... but there’s nothing left in the Euro kitty if Italy does a Greece.

Quantitative easing.

[Sephiroth]

Originally Posted by jfman

<SNIP>

Quantitative easing.

When there's nothing left in the kitty, QE does damage if the money can't eventually be recalled and destroyed.

[Pierre]

Originally Posted by jfman

No-one can legally, or morally, bind the future in this way regardless of however circumstances change.

Regardless of your point of view that is what was said

---------- Post added at 21:03 ---------- Previous post was at 21:01 ----------

Originally Posted by jfman

The whole capitalist house of cards is about to fall again. Chinese growth is falling, UK and US growth expected to follow.

That’s right socialism is what we need to sort this out.

[djfunkdup]

Originally Posted by Pierre

Regardless of your point of view that is what was said

---------- Post added at 21:03 ---------- Previous post was at 21:01 ----------



That’s right socialism is what we need to sort this out.

Socialist = Someone with nothing that wants to share it with the world ...

[jfman]

Originally Posted by Pierre

Regardless of your point of view that is what was said[COLOR="Silver"]

It may have been what was said, but no Prime Minister and no Government can compel a future one to be bound by that. It was an irresponsible thing to say because it’s entirely outwith their control. It’s also convincing people that “once in a generation“ and “once in a lifetime” are statements that should apply to referenda.

If a a Government of any colour wins an election on a manifesto commitment to hold a referendum it’s within it’s right to do so regardless of whether the question was most recently asked. (I know that isn’t the case here).

That’s right socialism is what we need to sort this out.

I wouldn’t go that far, but uncontrolled and unregulated capitalism largely built on a debt mountain comes to a crashing halt from time to time. Here, in the rest of the EU, and all around the world.

---------- Post added at 21:26 ---------- Previous post was at 21:22 ----------

Originally Posted by Sephiroth

When there's nothing left in the kitty, QE does damage if the money can't eventually be recalled and destroyed.

The kids can worry about that when we’re long in the ground. Brexit-logic.

[Sephiroth]

Originally Posted by djfunkdup

Socialist = Someone with nothing that wants to share it with the world ...

Socialist = Someone with nothing that wants to share everyone else's wealth with the world

Originally Posted by djfunkdup

Socialist = Someone with nothing that wants to share it with the world ...

The problem with socialists is that sooner or later, they run out of other people’s money

[Sephiroth]

Originally Posted by Sephiroth

When there's nothing left in the kitty, QE does damage if the money can't eventually be recalled and destroyed.

Originally Posted by jfman

<SNIP>

The kids can worry about that when we’re long in the ground. Brexit-logic.

But what's your view taking my post into account?

[jfman]

and any capitalist entity that needed the government to bail out the pension fund upon collapse. Not to mention the banks that got bailed out.

Originally Posted by jfman

If you can provide more accurate figures I’d welcome those, but the principle applies in any case. No economies act in isolation from it’s neighbours and largest trading partners (to that end I include China, USA, etc).

---------- Post added at 18:03 ---------- Previous post was at 18:01 ----------



Quantitative easing.

You can’t just print money willy nilly. Sooner or later the money markets start pricing in the oversupply of currency and its value falls. That screws mightily with the value of all those billions of Euros squirrelled away in German savings accounts.

[jfman]

Originally Posted by Sephiroth

But what's your view taking my post into account?

My view is Italy is not Greece, the EU financial situation isn’t as precarious as many would like us to think and that quantitative easing can resolve problems as long as Italy operates within the fiscal framework the EU lays out.

Recessions happen. I feel the problem with the U.K is that unlike America we've never really recovered from the last one so the next one is going to be nasty...

[nomadking]

Originally Posted by jfman

and any capitalist entity that needed the government to bail out the pension fund upon collapse. Not to mention the banks that got bailed out.

The main problem the pension funds have is too high a cost ie defined benefit schemes, that were set in place by socialists. All exacerbated by the minimum wage, which means that a lot more money is taken out than was paid in to generate the income.



It wasn't the banks as such that were bailed out, it was the finance system. The risk was that nobody would invest in order for that money to be lent out on business loans and home mortgages. Where do you think the money comes from for those loans? It comes from people with surplus money.