Extreme Brexit could be worse than financial crisis for UK: BoE

[Krataiboy]

17 minutes ago, 7by7 said:

 

In another topic I have been accused of being a leftie, PC, Guardian and Independent reading Remainer and quotes I have produced from both sources have been dismissed because "both papers contain nothing on this subject except Remainer propaganda!"

 

Yet here you are using quotes from both papers to support Brexit!

 

Perhaps you should get together with Laughing Gravy, Loiner, nauseus, Nontabury and others and decide whether these papers are reliable sources or not.

 

Or are they, like for example the BBC, reliable when they are a source of pro Brexit opinion or facts, but biased left wing rubbish when a source of the same for Remain?

None of them are reliable. However, they're all we've got, unfortunately.

 

I must admit, I was surprised to find the lefty Guardian and "progressive" Independent so enthusiastic, initially at least, about Brexit. I knew it wouldn't last.

 

Gather ye rosebuds. . . 

 

S

Edited February 22, 2019 by Krataiboy

[nauseus]

9 hours ago, bomber said:

begging them to change what? germanys huge exports will be hit with the trade war/china slowdown/VW scandal also the big exporters will always feel the slowdown first,ive asked my partner is the euro good or bad for portugal and she says its no different and changing wouldnt make any difference,i dont quite see why you brexiteers keep on going on about the euro when its quite strong and very stable or maybe you want it to collapse so inflation rises and makes life harder for europeans,as for borrowing the UKs is still worse than germanys and i would guess household debt a lot worse,again i say britons will never have a better lifestyle than the frech,germans.dutch.belgians etc even if if all your brexit dreams came true,which they wont 

The End

[nauseus]

8 hours ago, wilcopops said:

You have missed the point.

The USA is a UNION........ the clue is in the name.

A comparison to Brexit would be if a small number of states (similar to say England, Ireland, Scotland and Wales) were to leave the Union.

Well of course that DID happen in America in 1861, and it resulted in civil war.....oh, and the "rebellious" states were brought back in line. 

The result was a much stronger Union.

And at least 620,00 dead.

[Loiner]

 
Perhaps you should get together with Laughing Gravy, Loiner, nauseus, Nontabury and others and decide whether these papers are reliable sources or not.

Yeah, told you plenty of times, not reliable.
They probably didn’t even look at what the columnist wrote before publishing. Assumed it was their normal propaganda.


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

[Grouse]

 

God, Corbyn is bad. Useless. Totally unsuitable to be a future PM.

[tomacht8]

13 hours ago, Krataiboy said:

'Stop complaining about Brexit - the economic benefits will be huge'. 

 

Don't take Brexit campaigners' word for it. This was the headline on a lead article in the Guardian just before the Tories their lefty readers so despise fielded their negotiating team for the first time.

 

"While there has been much hand-wringing and angst about the upcoming negotiations, they pale into insignificance beside the manifest economic benefits that will flow from Brexit. . . " the Guardian article began.

 

It went on to detail a host of post-Brexit gains, and even suggested a how they could be implemented once the deed was done.

https://www.theguardian.com/commentisfree/2017/jan/23/complaining-brexit-economic-benefits-government-cost-of-living-multinationals

 

The Independent was sanguine about Britain's post-Brexit prospects. . . .  

https://www.independent.co.uk/voices/brexit-what-next-reasons-to-be-positive-eu-referendum-jeremy-corbyn-a7104016.html

 

. . . as were a number of specialist investment outfits, including this one, with bullet-points on the perks of pulling out:  

https://www.capitalandconflict.com/brexit/ten-reasons-to-leave-eu/

 

Obviously, lots more reassuring pro-Leave stuff out there for anyone interested enough to fire up their search engine.

 

Thank you for your response.
1. Your first source is over 2 years old (23.Jan 2017). Check for yourself which predictions have been made and which "today", two years later still have reality content.

2. Your second source is even older than the first one (26 June 2016). Check for yourself which predictions have been made and which "today", two years later still have reality content. Meanwhile, some time has passed and it is obvious that many promises are not feasible.

3. Your third source is interesting. Unfortunately, many posts are without date. You know what capitalandconflict is?
It is the PR side of small bankers who propagate short-term hype investment. 
Roughly speaking, they want to sell investments in bitcoins and paper Gold.
They are rat catchers, which rely on short-term moods to rip off Money.
Just as with the old hypes, like the new market (Internet bubble), rare earth hype, silver mines hype, solar cell hype, etc.
There business they underpinned with messages like, bring your money to safety, the euro disaster, the central banks lie, etc.
Do you really think this short term bitcoin brokers have the good of the people in the UK in mind?

Edited February 23, 2019 by tomacht8

[bomber]

16 hours ago, talahtnut said:

If you are going to work in Europe, cheap food and drink

is all you will afford..  if you actually find employment.

Good look to you.

retiring mate,made more than enough after 35 years in the UK,time to chill ????????

[bomber]

14 hours ago, Krataiboy said:

'Stop complaining about Brexit - the economic benefits will be huge'. 

 

Don't take Brexit campaigners' word for it. This was the headline on a lead article in the Guardian just before the Tories their lefty readers so despise fielded their negotiating team for the first time.

 

"While there has been much hand-wringing and angst about the upcoming negotiations, they pale into insignificance beside the manifest economic benefits that will flow from Brexit. . . " the Guardian article began.

 

It went on to detail a host of post-Brexit gains, and even suggested a how they could be implemented once the deed was done.

https://www.theguardian.com/commentisfree/2017/jan/23/complaining-brexit-economic-benefits-government-cost-of-living-multinationals

 

 

. . . as were a number of specialist investment outfits, including this one, with bullet-points on the perks of pulling out:  

https://www.capitalandconflict.com/brexit/ten-reasons-to-leave-eu/

 

Obviously, lots more reassuring pro-Leave stuff out there for anyone interested enough to fire up their search engine.

 

swittzerland,iceland,norway have always been wealthy nations and always will be,the UK will never be like them,the southern european jobless figures have also improved a lot since that was written,since the vote the so called perks the leave camp predicted havent materialised and more and more people realise what disaster it will be hence the damage limitation position we have now. 

[Krataiboy]

39 minutes ago, tomacht8 said:

Thank you for your response.
1. Your first source is over 2 years old (23.Jan 2017). Check for yourself which predictions have been made and which "today", two years later still have reality content.

2. Your second source is even older than the first one (26 June 2016). Check for yourself which predictions have been made and which "today", two years later still have reality content. Meanwhile, some time has passed and it is obvious that many promises are not feasible.

3. Your third source is interesting. Unfortunately, many posts are without date. You know what capitalandconflict is?
It is the PR side of small bankers who propagate short-term hype investment. 
Roughly speaking, they want to sell investments in bitcoins and paper Gold.
They are rat catchers, which rely on short-term moods to rip off Money.
Just as with the old hypes, like the new market (Internet bubble), rare earth hype, silver mines hype, solar cell hype, etc.
There business they underpinned with messages like, bring your money to safety, the euro disaster, the central banks lie, etc.
Do you really think this short term bitcoin brokers have the good of the people in the UK in mind?

Some people are just never satisfied. Ah, well. . . 

[bomber]

16 hours ago, aright said:

UK net borrowing has fallen from £150 billion in 2010 to £40 billion in 2018. You can't reduce this level of borrowing without extra money...…..the so called surplus.

Last month the Treasury recorded the biggest January surplus since records began.....£14.9 billion

 

Germany is on the brink of recession after a shock plunge in Industrial output. Production in Europe's financial powerhouse dropped by 1.9% in November and by minus 4.6% year on year.....the biggest drop since the 2008 crisis. In November Germanys exports fell by minus 0.4%. 

 

The rest of Europe is begging them to change. Have you seen the latest election results. I assume you feel centrist parties are going to sweep the board in May.

 

Bojo and Corbyn aren't heads of state.

 

Ask the countries of the Southern med how good the Euro is ? 

 

 

 

 

 

 

 

 

 

Great Britain powers ahead of Germany and France 

[sandyf]

On 2/20/2019 at 5:34 PM, billd766 said:

If you want a storming headache try finding any 2 reports that agree on numbers. It is harder than finding a particular grain of rice in a dark warehouse. Sure I can find a link which proves you wrong just as you can find one that proves me wrong. The most difficult trick is to find the one which is closest to the truth (whatever that really is).

 

Well the population of the UK in 2017 was 66,181,585. http://www.worldometers.info/world-population/uk-population/

 

In 1972 it was 55,953,522.  http://www.worldometers.info/world-population/uk-population/

 

There was an increase in population of 10,228,063 in the period.

 

I have tried to come up with actual numbers of unemployed rather than percentages and I have got so bogged down with links it is giving me a headache.

 

For example there is this link  https://www.businessinsider.com/unemployment-in-the-uk-is-now-so-low-its-in-danger-of-exposing-the-lie-used-to-create-the-numbers-2017-7

 

Jim Edwards

 

Jul. 23, 2017, 5:39 AM

 

Government statistics put unemployment in Britain at just 4.5% — a low not seen since the 1970s.

But the real rate of unemployment is four times that.

We walk you through the evidence that shows why official unemployment numbers are so misleading.

Economist Danny Blanchflower and Richard Clegg of the ONS challenged this article. See more on that debate here.

The ONS also produced household data suggesting that the true rate of unemployment is 3 times greater than the government's preferred statistic.

More data here on the effect of chronic underemployment of the unemployment rate, and the depressing new reality of the gig economy.

 

Wouldn't dispute a word Bill, the point I was trying to make is that you cannot make statements on such a simplistic approach as it means very little. I could have picked any topic, unemployment had no bearing on the point of the comment.

The poster in question had tried to make a point based on figures from 1980 to 2017 but the small print on the example used said only 146 countries included in the 1980 figures and 190 countries in the 2017 figures, hardly like for like.

[Krataiboy]

11 minutes ago, bomber said:

Great Britain powers ahead of Germany and France 

Euro area: $14,292,310

[bomber]

7 minutes ago, Krataiboy said:

Euro area: $14,292,310

UK in second place,please dont add up all the other nations to win the day,thats called cheating,and here is the household debt table,UK is nearly as bad,its £15,500 per person before mortgages.UK scores 86,italy way down on 41,excuse the poor quality picture

Edited February 23, 2019 by bomber

[sandyf]

12 minutes ago, bomber said:

UK in second place,please dont add up all the other nations to win the day,thats called cheating,and here is the household debt table,UK is nearly as bad,its £15,500 per person before mortgages.UK scores 86,italy way down on 41,excuse the poor quality picture

 

This is a better representation of the overall picture.

https://howmuch.net/articles/general-government-gross-debt-per-capita

[bomber]

2 minutes ago, sandyf said:

This is a better representation of the overall picture.

https://howmuch.net/articles/general-government-gross-debt-per-capita

So the UK is barely better than greece and worse than portugal...pretty grim reading even brexiteers will admit.

[tomacht8]

50 minutes ago, Krataiboy said:

Euro area: $14,292,310

You have to add 6 zeros at the end to it, than it is right.

Edited February 23, 2019 by tomacht8

[Krataiboy]

33 minutes ago, bomber said:

UK in second place,please dont add up all the other nations to win the day,thats called cheating,and here is the household debt table,UK is nearly as bad,its £15,500 per person before mortgages.UK scores 86,italy way down on 41,excuse the poor quality picture

Not cheating. Just passing on a tidbit of info that wasn't on your list.

Thanks for the thumb print, by the way, but I already have it, courtesy of MI6!

Here's Global Finance's league table of the ten most indebted nations, plus the EU.

 

Countries with the most external debt

in 2016, last trimestre (USD millions)

 

United States 18,325,489

Euro area 14,292,310

United Kingdom 7,486,249

France 4,991,533

Germany 4,891,076

Netherlands 3,865,914

Luxembourg 3,845,300

Japan 3,416,122

Italy 2,215,150

Ireland 2,185,535

Spain 1,966,282

[Krataiboy]

12 minutes ago, tomacht8 said:

You have to add 6 zeros at the end to it, than it is right.

Obviously. . .  just as I realised when you typed 'than' you really meant 'then'.

[Grouse]

https://www.bbc.com/news/uk-politics-47336501

 

I'd better stock up on Monkey Shoulder for Wednesday night!

[tomacht8]

32 minutes ago, Krataiboy said:

Obviously. . .  just as I realised when you typed 'than' you really meant 'then'.

Thx. I like to learn.

[Grouse]

The FT on how the germans are reacting to automotive electrification

Porsche accelerates race for electric market share | Financial Times.pdf

[billd766]

1 hour ago, sandyf said:

Wouldn't dispute a word Bill, the point I was trying to make is that you cannot make statements on such a simplistic approach as it means very little. I could have picked any topic, unemployment had no bearing on the point of the comment.

The poster in question had tried to make a point based on figures from 1980 to 2017 but the small print on the example used said only 146 countries included in the 1980 figures and 190 countries in the 2017 figures, hardly like for like.

I agree with you Sandy. The problem with such a wide time range is that you can only work on certain parameters and compare like with like or you get bogged down in a mass of confusing and conflicting data.

 

If you end up there the best thing I have found to do is to pull out completely and depending on the time of day, grab a cup of coffee or a drink and do something completely different. 

[Grouse]

8 minutes ago, Grouse said:

The FT on how the germans are reacting to automotive electrification

Porsche accelerates race for electric market share | Financial Times.pdf 131.77 kB · 4 downloads

And this is what JLR are up to if you're interested

 

https://www.sytner.co.uk/news/range-rover-sport-hybrid/

[7by7]

15 hours ago, Krataiboy said:

None of them are reliable. However, they're all we've got, unfortunately.

 

I must admit, I was surprised to find the lefty Guardian and "progressive" Independent so enthusiastic, initially at least, about Brexit. I knew it wouldn't last.

 

I see, so the answer to my question

16 hours ago, 7by7 said:

Or are they, like for example the BBC, reliable when they are a source of pro Brexit opinion or facts, but biased left wing rubbish when a source of the same for Remain?

is 'Yes.'

[bomber]

2 minutes ago, Grouse said:

The FT on how the germans are reacting to automotive electrification

Porsche accelerates race for electric market share | Financial Times.pdf 131.77 kB · 1 download

but wait till British Leyland rise from the ashes with an electric morris ital,nobody will want those porsche's,a guy down spoonies told me

[7by7]

3 hours ago, Loiner said:

Yeah, told you plenty of times, not reliable.
They probably didn’t even look at what the columnist wrote before publishing. Assumed it was their normal propaganda.

 

So, like krataiboy, your answer to my question

16 hours ago, 7by7 said:

Or are they, like for example the BBC, reliable when they are a source of pro Brexit opinion or facts, but biased left wing rubbish when a source of the same for Remain?

is also 'Yes.'

 

Not surprised.

[talahtnut]

45 minutes ago, Grouse said:

The FT on how the germans are reacting to automotive electrification

Porsche accelerates race for electric market share | Financial Times.pdf 131.77 kB · 5 downloads

I went leccy in 2003 with a G-Wiz small car, but hills

killed it..hours on charge for 7 miles. No doubt there

have been improvements to date. I have to wonder if

the UK grid and generating system could cope with

millions of cars on charge.  When everyone has a leccy

car, watch the price shoot up on yer meter, the gov.

will be seeking ways of replacing lost fuel duty.

[Grouse]

12 minutes ago, talahtnut said:

I went leccy in 2003 with a G-Wiz small car, but hills

killed it..hours on charge for 7 miles. No doubt there

have been improvements to date. I have to wonder if

the UK grid and generating system could cope with

millions of cars on charge.  When everyone has a leccy

car, watch the price shoot up on yer meter, the gov.

will be seeking ways of replacing lost fuel duty.

Which is why I have been banging on about nuclear power and advanced materials science for batteries. Graphene and novel chemistry could be key for U.K.

Edited February 23, 2019 by Grouse

[talahtnut]

5 minutes ago, Grouse said:

Which is why I have been banging on about nuclear power and advanced materials science for batteries. Graphene and novel chemistry could be key for U.K.

You'll be pleased that to know I've just seen a government

proposal to site a reactor up north round the corner from

your gaff.  Seriously they have to get cracking on elusive fusion.

You right about the incredible new batteries..I am a bit behind

with my 400 spuds connected in series.

 

[Grouse]

6 minutes ago, Grouse said:

Which is why I have been banging on about nuclear power and advanced materials science for batteries. Graphene and novel chemistry could be key for U.K.

A typical lead acid car battery is good for about 2kWh. A Porsche might need 300kW for, say, 3 hours. So 900kWh? 450 lead acid batteries? Several tonnes? Li-Ion bomb? No, this is where the U.K. Could real get ahead. We're already world leaders in graphene.

 

This why, right now, they look at Maybe 100kW of power for 50km!

 

LONG way to go! 

 

BTW to charge 450 2kWh batteries in say 2 hours would require about a 200A 3P 400V supply. About the same as 6 houses.

 

Maybe errors there but you get the drift.....