The Brexit Thread

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Chris_the_Brit said:
Where did it say leave the EU with a deal?

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Where did it say leave the EU without a deal

Are you going to be dishonest and ignore the countless links posted to to prove otherwise?

Here is Gove, you know one of the leaders of the Leave campaign -
But we didn’t vote to leave without a deal. That wasn’t the message of the campaign I helped lead. During that campaign, we said we should do a deal with the EU and be part of the network of free trade deals that covers all Europe, from Iceland to Turkey.

“Leaving without a deal on March 29 would not honour that commitment. It would undoubtedly cause economic turbulence.”
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buka001 said:
Where did it say leave the EU without a deal

Are you going to be dishonest and ignore the countless links posted to to prove otherwise?

Here is Gove, you know one of the leaders of the Leave campaign -
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Grove just like most politicians where politicing when the left lost their nuts about losing the vote. Like MSM normally does, it went all ape shyte and created the impression that the left are actually more than they were and the uproar was bigger than it was.
 
BBSA said:
Agree, an economic block with mostly negative interest rates are not sustainable. Let's see what happens in the next financial crisis.
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They're just buying their own money. So they can just push it more negative and make more debt. It will be an easy way to pay back their own debt to themselves.

Should decrease the money supply and actually be deflationary, kindoff what the world needs.
 
In a nutshell...

Michael Gove (2016): "If we vote Leave then we're in a position to dictate the terms."

Michael Gove (2019): "At the moment it's the EU that seems to be saying they're not interested. I think that's wrong and sad."
 
rietrot said:
They're just buying their own money. So they can just push it more negative and make more debt. It will be an easy way to pay back their own debt to themselves.

Should decrease the money supply and actually be deflationary, kindoff what the world needs.
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Negative interest rates is a good thing, you will not find that in a economic handbook....

I though they want inflation and not deflation.
 
BBSA said:
Negative interest rates is a good thing, you will not find that in a economic handbook....

I though they want inflation and not deflation.
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It's a new thing. Theoretically it should rail the out of control debt back in, which is basically just how we record how much money is in circulation.

Reducing the money supply sould make money worth more, so more buying power for every £ which means prices go down, deflation. But international trade and currency war and they won't be able to export anything and it is all a mess and it probably won't work.

I don't agree with the that you can just always inflate out of your debt. Sometimes you need to pay it back, negative interest should help with that. Or bankruptcy and huge debt right offs. Either way works for getting rid of debt.
 
rietrot said:
It's a new thing. Theoretically it should rail the out of control debt back in, which is basically just how we record how much money is in circulation.

Reducing the money supply sould make money worth more, so more buying power for every £ which means prices go down, deflation. But international trade and currency war and they won't be able to export anything and it is all a mess and it probably won't work.

I don't agree with the that you can just always inflate out of your debt. Sometimes you need to pay it back, negative interest should help with that. Or bankruptcy and huge debt right offs. Either way works for getting rid of debt.
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This doesn't make sense at all, businesses and governments will lend more, not less, if you make capital this cheap.
 
BBSA said:
This doesn't make sense at all, businesses and governments will lend more, not less, if you make capital this cheap.
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The only organisations that get it at a negative rate is the banks and government bonds?

Sure maybe, people will borrow more, but then have to repay less.

Fsck I don't know, I thought I did, but managed to confuse myself now.


Edit. It is designed to increase lending, but it sortof does the opposite as it makes it unprofitable for banks to lend out money.
https://www.swissbanking.org/en/ser...s-consequences-of-the-negative-interest-rates
 
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Spizz said:
Well, he passed the baton to the Tories and they grabbed it with both hands. It’s now difficult to know when the lies started and the truth became irrelevant.
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Indeed. Now both sides are playing a bluffing game, and it becomes a game of risk, about who has more to lose.

The EU has much, much more to lose. You think this is about economics, but you forget that there's other countries like Italy that are also chafing under the EU yoke as we speak, and we already got Greece and Ukraine coming together to form the beginnings of a pattern...
 
rietrot said:
The only organisations that get it at a negative rate is the banks and government bonds?

Sure maybe, people will borrow more, but then have to repay less.

Fsck I don't know, I thought I did, but managed to confuse myself now.
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From investopidia :

Negative interest rates can be considered a last-ditch effort to boost economic growth. Basically, it's put into place when all else (every other type of traditional policy) has proved ineffective and may have failed.

Theoretically, targeting interest rates below zero will reduce the costs to borrow for companies and households, driving demand for loans and incentivizing investment and consumer spending. Retail banks may choose to internalize the costs associated with negative interest rates by paying them, which will negatively impact profits, rather than passing the costs to small depositors for fear that, otherwise, they will have to move their deposits into cash.
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It is an emergency measure and means their economy is not healthy at all.

They going to have serious problems come the next global downturn.
 
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And I have to say, isn't BoJo just the perfect belligerent oaf to be dumb enough to give the EU the middle finger and to hell with the consequences? :ROFL: If the EU knows what is good for it, it will blink. If it doesn't, well, that's basically good for everybody in the long run as far as I'm concerned.
 
Gingerbeardman said:
Indeed. Now both sides are playing a bluffing game, and it becomes a game of risk, about who has more to lose.

The EU has much, much more to lose. You think this is about economics, but you forget that there's other countries like Italy that are also chafing under the EU yoke as we speak, and we already got Greece and Ukraine coming together to form the beginnings of a pattern...
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Ukraine and Greece together? How?
 
JayM said:
Ukraine and Greece together? How?
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True or false: the underlying political bone of contention that set off the fracturing of Ukraine was the trade agreement that Ukraine was signing with the EU.
 
Gingerbeardman said:
True or false: the underlying political bone of contention that set off the fracturing of Ukraine was the trade agreement that Ukraine was signing with the EU.
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I don't know, that's why I asked you. Why don't you tell us?
 
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