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Attachments: BREXIT RULES! The Consequences
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BREXIT RULES! The Consequences

  • #161
  • Jun 28, 2016 3:27am Jun 28, 2016 3:27am
Quoting cliffedwards
The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor's Dow Jones Indices.
It was over valued in the first place. Just the same as 2008 and 1987. Did we collapse then . No then we wont collapse this time.
  • #162
  • Jun 28, 2016 4:06am Jun 28, 2016 4:06am
Quoting cliffedwards
the UK where there are just 4 countries.
Interesting choice of words. But have you noticed how, over the years, the four countries of the UK have been increasingly referred to as "regions"? If the English were voting for anything, I'd say a large part of it was that - redress of the identity theft, which has taken place.

Who knows what the ramifications of Brexit are going to be? I certainly don't, and if we read what the various "pundits" and legal "experts" have been saying, neither do they. One thing that does worry me, however, is the comments I've read in the press stating that if parliament were to vote today on an Article 50 related bill then it wouldn't pass on account of there not being a majority of MPs that wanted "out". It raises the spectre of a bunch of independent parliamentary candidates popping up and asking to be voted in on a single issue. That, I think, would be extremely disruptive and a great shame.
  • #163
  • Jun 28, 2016 4:33am Jun 28, 2016 4:33am
Quoting Aspire
{quote} What about Wales ? I heard that per capita Wales gets more money from the EU.
Quote:
"Through the EU Structural Funds, Wales has benefited from just over 4bn since 2000, supporting business, research and innovation, helping people into work, increasing skills, improving transport and digital networks, regenerating our communities, and enhancing our environment." ***

*** Source: Welsh Government website.

------------------------------------ ---------------
Everyone is entitled to their own Opinions..
Nobody is entitled to their own Facts.
  • #164
  • Jun 28, 2016 5:21am Jun 28, 2016 5:21am
Quoting simond2002
{quote} Interesting choice of words. But have you noticed how, over the years, the four countries of the UK have been increasingly referred to as "regions"? If the English were voting for anything, I'd say a large part of it was that - redress of the identity theft, which has taken place. Who knows what the ramifications of Brexit are going to be? I certainly don't, and if we read what the various "pundits" and legal "experts" have been saying, neither do they. One thing that does worry me, however, is the comments I've read in the press stating...
In the context of the re-emergence of Scottish devolution, and now even rumblings in Northern Ireland , following a Brexit vote thats split the Countries of the UK. and may ultimately provoke the breakup on the UK, is it time to revisit the democratic deficit that the lack of an English Parliament appears to allow. given the fact that Scotland, N.Ireland and even Wales all have their own devolved National Parliaments. (ie The West Lothian Question).. and England doesnt.
I raise this because the Brexit vote seems to in part be protest by English voters against a "broken" domestic political model.
  • #165
  • Jun 28, 2016 5:36am Jun 28, 2016 5:36am
Quoting cliffedwards
is it time to revisit the democratic deficit that the lack of an English Parliament appears to allow. given the fact that Scotland, N.Ireland and even Wales all have their own devolved National Parliaments
In a word, yes.
  • #166
  • Jun 28, 2016 6:02am Jun 28, 2016 6:02am
I actually want to know :
how will the number of factory be spreading in UK (builds more factory in Scotland/Northern Ireland in the future?)?
how will the factory orders and retail sales index be affected in the near future?
  • #167
  • Jun 28, 2016 8:44am Jun 28, 2016 8:44am
I can't seem to find much info on the web so I figured that maybe one of you guys would know...How does the UK pay its contributions into the EU budget? In GBP or EUR and how do these figures depend on the exchange rate?
Thank you!
  • #168
  • Jun 29, 2016 1:12am Jun 29, 2016 1:12am
Quoting Two
I can't seem to find much info on the web so I figured that maybe one of you guys would know...How does the UK pay its contributions into the EU budget? In GBP or EUR and how do these figures depend on the exchange rate? Thank you!
You trying to trace the effect of the capital flow on the market?
Interesting idea, but doesn't work like that. LoL
  • #169
  • Jun 29, 2016 4:04am Jun 29, 2016 4:04am
Quoting cliffedwards
Five weeks ago I started a thread to allow debate on the merits of the two cases..REMAIN and LEAVE in EU Referendum. Here: http://www.forexfactory.com/showthread.php?t=591272 (Is BREXIT a suitable subject for an FF members thread) Yesterday the UK voters have spoken. And the UK has voted to LEAVE the EU. So time now to accept this and move on and look now at the economic, market and econoPolitical consequences, intended and unintended as they play out after this historic democratic decision. So today this thread will look to bring this...
A quick recap of what has happened since the EU referendum 6 days ago.

The UK economy dropped from being the 5th biggest in the world to the 6th biggest.
The Pound crashed to a 31 year low after being at a 6 month high.
$2 Trillion was wiped off world markets.
There has been a reported increase of racial hate crimes in the UK of 57%
The 3 main Credit Ratings Agencies have all cut the UKs credit rating.
George Osborne reiterated that there would be tax rises and spending cuts to help balance the books. (This was labelled as scaremongering before the vote.)
Leading Scottish politicians have stated their wish for a 2nd referendum on leaving the UK.
The UK political system is in disarray. Leading politicians still seem to be in shock or denial of whats happened. David Cameron the Prime Minister resigned, the leading candidate to replace him is Boris Johnson 1 of the chief architects behind the Leave side winning the referendum. The main opposition party carried out a vote of no confidence in their leader Jeremy Corbyn. This was won by 172 to 40. He refuses to resign.

Leading leave campaigners are backtracking on their pledges made before the vote.
One of the main campaign issues they raised was the EU membership fee.
They stated that the UK pays EU 350million per week and by leaving the EU this money could be spent on The National Health Service. This message was emblazoned on their touring propaganda bus in huge letters. Facts- the UK does not pay the EU 350M. They get a rebate of 74M. 115M of the remainder gets paid back to the UK in the form of farm subsidies, research grants for UK Universities etc. This leaves a 161M for the UK. With the UK expected now to go back into a recession it is very probable none of this money will be spent on the NHS.

Another main campaign issue. Was that the Leavers wanted to control EU immigration. EU leaders have repeatedly stated that the UK wont get full access to the single marketplace unless there is freedom of movement .ie no reduction in EU immigration and may actually have to pay for that privilege.
Wake up UK and smell the roses.

This whole farce has split the UK. One thing that saddens me is how much bigotry and prejudice has appeared and is evident in UK society and even here on Forex Factory. For an example on Forex Factory have a look here (http://www.forexfactory.com/news.php?do=news&id=596375#post9003032) at yesterdays debate.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #170
  • Jun 29, 2016 4:11am Jun 29, 2016 4:11am
Quoting theras2000
{quote} One thing that saddens me is how much bigotry and prejudice has appeared and is evident in UK society and even here on Forex Factory. For an example on Forex Factory have a look here (http://www.forexfactory.com/news.php?do=news&id=596375#post9003032) at yesterdays debate.
What upsets me is that the FF Mods seem to turn a blind eye to it.
I have reported 3 or 4 serious abusive breaches of the "Forum Rules" recently with out ANY response.
(And I think Ive only ever made 5 in 10 years)

Asleep at the wheel.

And if we think brexit has been bad, wait till you see the US November Clinton/Trump issue?
IMHO it will be a bloodbath.

Not good FF.
  • #171
  • Jun 29, 2016 4:14am Jun 29, 2016 4:14am
Well, BBC news says there hasn't been any change in race related hate crime

Quoting theras2000
{quote} A quick recap of what has happened since the EU referendum 6 days ago. The UK economy dropped from being the 5th biggest in the world to the 6th biggest. The Pound crashed to a 31 year low after being at a 6 month high. $2 Trillion was wiped off world markets. There has been a reported increase of racial hate crimes in the UK of 57% The 3 main Credit Ratings Agencies have all cut the UKs credit rating. George Osborne reiterated that there would be tax rises and spending cuts to help balance the books. (This was labelled as scaremongering...
  • #172
  • Jun 29, 2016 4:17am Jun 29, 2016 4:17am
Quoting NaughtyPip
Well, BBC news says there hasn't been any change in race related hate crime {quote}
http://www.independent.co.uk/news/uk/home-news/brexit-eu-referendum-racial-racism-abuse-hate-crime-reported-latest-leave-immigration-a7104191.html
http://www.theguardian.com/politics/2016/jun/26/racist-incidents-feared-to-be-linked-to-brexit-result-reported-in-england-and-wales
http://time.com/4383404/brexit-hate-crime-uk-racism/
Would you like more?
Everything will be okay in the end. If it's not okay, it's not the end.
  • #173
  • Jun 29, 2016 4:21am Jun 29, 2016 4:21am
Quoting cliffedwards
{quote} What upsets me is that the FF Mods seem to turn a blind eye to it. I have reported 3 or 4 serious breaches of the "Forum Rules" recently with out ANY response. Asleep at the wheel. And if we think brexit has been bad, wait till you see the US November Clinton/Trump issue? IMHO it will be a bloodbath. Not good FF.
Yeah was thinking of doing the same yesterday.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #174
  • Jun 29, 2016 5:02am Jun 29, 2016 5:02am
Highly speculative but a glimmer of hope.
http://www.theguardian.com/politics/2016/jun/29/uk-voted-for-brexit-but-is-there-a-way-back
Everything will be okay in the end. If it's not okay, it's not the end.
  • #175
  • Jun 29, 2016 5:20am Jun 29, 2016 5:20am
Quoting theras2000
{quote} http://www.independent.co.uk/news/uk/home-news/brexit-eu-referendum-racial-racism-abuse-hate-crime-reported-latest-leave-immigration-a7104191.html http://www.theguardian.com/politics/2016/jun/26/racist-incidents-feared-to-be-linked-to-brexit-result-reported-in-england-and-wales http://time.com/4383404/brexit-hate-crime-uk-racism/ Would you like more?
Attached Image
  • #176
  • Jun 29, 2016 5:24am Jun 29, 2016 5:24am
Quoting NaughtyPip
{quote} {image}
Haha nice one
Everything will be okay in the end. If it's not okay, it's not the end.
  • #177
  • Jun 29, 2016 5:53am Jun 29, 2016 5:53am
Quoting theras2000
Highly speculative but a glimmer of hope. http://www.theguardian.com/politics/2016/jun/29/uk-voted-for-brexit-but-is-there-a-way-back
Why don't you just move to Belgium if you think Europe is so great ?
  • #178
  • Jun 29, 2016 5:54am Jun 29, 2016 5:54am
Quoting theras2000
a glimmer of hope
Of what?

The glimmer of hope is that democracy is actually functioning (for now) and a majority of people in these islands have voted "out". Beating them with the "you're a racist/hater" stick only serves to highlight the reasons why they voted the way they did.
  • #179
  • Jun 29, 2016 5:56am Jun 29, 2016 5:56am
Quoting price777999
{quote} Why don't you just move to Belgium if you think Europe is so great ?
The weather here in Spain is much better than Belgium, but thanks for the advice. If you didn't know Spain is part of Europe.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #180
  • Jun 29, 2016 6:01am Jun 29, 2016 6:01am
Quoting simond2002
{quote} Of what? The glimmer of hope is that democracy is actually functioning (for now) and a majority of people in these islands have voted "out". Beating them with the "you're a racist/hater" stick only serves to highlight the reasons why they voted the way they did.
Of sanity. The UK shouldn't lecture the rest of Europe on democracy when it has a totally undemocratic House of Lords. How Hypocritical!
Everything will be okay in the end. If it's not okay, it's not the end.
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