OT Brexit Vote
- Thread starter RUtix4me
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You saved like $200 dollars today. If you are under 45, don't try to time the market.
This is what I see happening. Its not a matter of racism but assimilation.
Muslim nations are not diversifying. They are committing genocides in Africa and Middle east. The nations that are "secure" require assimilation (ie. Saudi Arabia, Iran).
Asian nations are not diversifying as far as i can tell. And if China is, their system of government won't allow for a takeover from within. So again, you must assimilate to the way of life if you decide to emigrate there.
Where are Caucasians to go when their home nations are overrun? If you think it can't happen you are wrong. Western nations have democratic processes which allow for the rule of the people by the people. However when you let millions of non-assimilated peoples into your lands what do you think will happen? The balance of power can shift. You are kidding yourself if you think that it can't. Its a simple numbers game.
Go back to your history books. We're not far removed from when kingdoms were focused on growing numbers in order to wage war/dominate their areas.
This is not an issue of white/black/other. I want to live with people who want to live in the system we have created here.
This is not racism, its a reaction against what we all see but the PC Police prevent us from saying.
Muslim nations are not diversifying. They are committing genocides in Africa and Middle east. The nations that are "secure" require assimilation (ie. Saudi Arabia, Iran).
Asian nations are not diversifying as far as i can tell. And if China is, their system of government won't allow for a takeover from within. So again, you must assimilate to the way of life if you decide to emigrate there.
Where are Caucasians to go when their home nations are overrun? If you think it can't happen you are wrong. Western nations have democratic processes which allow for the rule of the people by the people. However when you let millions of non-assimilated peoples into your lands what do you think will happen? The balance of power can shift. You are kidding yourself if you think that it can't. Its a simple numbers game.
Go back to your history books. We're not far removed from when kingdoms were focused on growing numbers in order to wage war/dominate their areas.
This is not an issue of white/black/other. I want to live with people who want to live in the system we have created here.
This is not racism, its a reaction against what we all see but the PC Police prevent us from saying.
Why is the stock market going insane?
Can someone dumb this down and explain what is happening?
Can someone dumb this down and explain what is happening?
uncertainty over Brexit. plunging GBP and more valuable USD makes for bad situations for US companies. but mostly uncertainty over Brexit.
Any big moves within first world gov's causes market action. Very soon, this will be a thing of the past. Things like Obama's threats of England going to the back of the line for trade negotiations were just rhetoric. It already isn't happening.
This is going to create a domino effect, which is already happening as other nations are calling for a vote. It will happen.
The EU is dying a slow death.
While I think you go to the extreme with your example I do believe assimilation is the major issue here. People I respect here have argued that the early Italians didn't really assimilate at first either and I get that. However, there's a big difference between not learning the language and many of the stories coming out of Europe.
Pretty much this.
All the politicians, business leaders, and others invested in the EU were doing a ton of scare-mongering, that I think was actually counter-productive.
Stock market reaction is driven by fear of the unknown and a ton of complacency around this issue, with markets basically assigning a very low probability of this happening as recently as yesterday (see the stock market yesterday).
As Cali says, people will make smart and prudent decisions and things will be less bad than feared (although some nearer term economic friction seems likely).
Nevertheless, the bigger risk to the EU is that other countries hold their own votes to leave. The fact that many countries would probably vote 'Leave', which the politicians would tell you is why they shouldn't have these referendums, speaks to the fact that people want to self-govern and that it isn't clear to people why being in the EU is in their best interests.
the general populace typically doesn't want to know or hear about transfer pricing agreements, the details of trade agreements, the benefits of cost sharing, economies of scale, and buying power. all they know is that a bunch of old people are sitting in brussels telling them that they have to do something they aren't used to. the EU should have stuck to being an economic collective and not tried to delve into trying to homogenize the political landscape of its members. that was the beginning of the end.
What is the definition of short term? How long? Also if you read that article I posted sounds like while Switzerland isn't in the EU it complies with a lot of EU rules to trade with it and obviously doesn't have a say in those rules not being a member.
He is mostly a curiosity. Most don't know much about him, some think he is patzo.
Absolutely. I'm not calling for a doomsday scenario but i'm just saying as the balance of power shifts, a democracy can vote its way or referendum its way to whatever it wants. I guess you can argue that its the will of the people and it should be as they vote, but if we get to a point where the US can vote for sharia law, i dont know bout you but its not where i want to live, nor what the US was built to be.
Its an extreme example, but i think its a much more real scenario for places in europe with smaller populations and a flood of migrants.
Look at Poland, they've been fighting for thousands of years to establish their own nation and now they're being told to accept millions of people? I dont blame them for refusing the EU.
Agree with this uncertainty is the biggest thing. This is uncharted territory and there's no way to know how it will turn out and what things will look like. I said this yesterday markets hate unknowns and uncertainty but also CEOs hate it with regards to making investments and we're going to have quite a bit of it over the coming years.
Markets closed at the lows of the day, not too surprising going into the weekend. Tend to think the sell off isn't over yet and we'll see next week.
the UK is not only not a part of the Euro, it is also not a part of the Schengen convention. This means that contrary to what many believe, entry into another EU country does not get you automatic entry into the UK. For instance, if you fly into France, you can travel across the borders of most European countries and Switzerland without a passport check. (Switzerland does maintain border control officers but their checks are selective). However if you travel to the UK from France (or any other EU member) you have to go through both Passport control and Customs. The vice versa is also true. If you go through passport control in the UK then travel to the other EU countries you have to go through passport control in whatever country you enter the EU.
This arrangement also applies to airport security. If you land at Heathrow, etc. from an EU country (having already gone through security there), you have to go through security again if you are changing flights.
This arrangement also applies to airport security. If you land at Heathrow, etc. from an EU country (having already gone through security there), you have to go through security again if you are changing flights.
Reminds me of a quote from founder and first Chief Justice and abolitionist John Jay (below). Many modern people have almost no understanding of human nature - behavior is all "chemicals" to them. They also have worse than no understanding of history - having thoroughly imbibed Marxist history slicked into education (raise your hand if you think "everyone is special").
“With equal pleasure I have as often taken notice that Providence has been pleased to give this one connected country to one united people — a people descended from the same ancestors, speaking the same language, professing the same religion, attached to the same principles of government, very similar in their manners and customs, and who, by their joint counsels, arms, and efforts, fighting side by side throughout a long and bloody war, have nobly established general liberty and independence.
This country and this people seem to have been made for each other, and it appears as if it was the design of Providence, that an inheritance so proper and convenient for a band of brethren, united to each other by the strongest ties, should never be split into a number of unsocial, jealous, and alien sovereignties.”
John Jay
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100% agree...this is well written and its something we should talk about and not be afraid of being labelled racist
A little off topic, but this is the entire point of the Constitution. You can't just change fundamental laws willy-nilly. (This is why some people miss the point on these arguments about gun control, free speech, etc. )
While a scenario, there is a real chance the EU punishes the UK making it unpalatable for others to leave. A quick exit from the union or a one sided exit. They are outnumbered 27 to 1. Scotland may leave the UK and join the EU. Then it's just the UK by itself, a true. Island significantly weakened in stature. US influence in the region weakened as a result as well. Anyone who says they know with certainty the outcome, is kidding themselves. Hence uncertainty and volatilty. Will it matter for global equity markets over the long term, no. But it could very well change things for the UK as their economic power and status diminishes.
Better to keep everyone in line through force and coercion than by governing with wisdom and an appropriate touch? If force and coercion are the tools of the EU, than the British made a wise choice indeed.
My prediction - The EU will be divided into two groups of countries - the P5 and the G5. The bigger, more powerful countries will become the P5. Smaller countries in the G5 will try to become P5 countries because the P5 will have more economic power. UConn will change its name to EU-Conn and will try to join the P5 as a country, saying that it will "bring the U.S. market."
-Scarlet Jerry
-Scarlet Jerry
And why is that? If you think it's for patriotism, you need regular brain scans. It's because the South has much less opportunity and many less college-opting residents. They need something to do that pays a regular income. And they get to leave the South!
And even though it's current economic performance wouldn't merit it, Luxembourg will be asked to join the P5. Millions in Europe will shake their heads and contend that Luxembourg's inclusion in the P5 was all about location and proximity to Brussels while the residents of Luxembourg will talk about their potential as a 'sleeping giant'.
No coercion but no benefits of being in the EU or preferential access to the single market. They could try to be part of the economic area but they then would have to allow free flow of people which is what they don't want.
The EU might want to be calculated in their response. They are sort of damned if they do or don't.
yes, and when our constitution has already been butchered and our people have already lost freedoms and liberties, anything can happen.
I agree with what you're saying, but I'm pointing out the flaw in Europe's system, the EU and otherwise. They don't have enough barriers. For example, in a straight-out democracy, we would probably have European-style gun control by now. However, because of the constitutional restrictions/requirements, it's not as easy to enact such policies.
yup i know... just pointing out why its important we stick with the constitution.
It is easier to assimilate in this country than in Europe. American is not built around a tribal identity; instead our ideology is that individuals come here for greater opportunity and freedom. Anyone can share in that dream. By contrast, how does one become French without French grandparents? So Europe finds it harder to assimilate immigrants than does the U.S. This is one reason why I am happy to have had the good fortune to be born in America.
This is somewhat repetition but some just don't get it.
1) The UK is the 5th largest economy in the world.
2) India is the 7th largest economy in the world.
3) India is an historic and natural trading partner for the UK.
4) Australia is also a large economy and an historic and natural trading partner with the UK.
5) Despite the importance of strong trade relationships with the UK, the EU will not let the UK give favored trade status to any non-EU country, like India and Australia.
6) If the EU puts up major trade barriers (tariffs) for trade with the UK, the EU members will lose the market of the fifth largest economy in the world, while the UK gains India and Australia, etc.
7) I am buying Pounds now just like I bought the Euro at 88 US cents. It will make traveling to the UK affordable again. That is a benefit of the possible reduction in the value of the Pound. It will also make UK goods more affordable and thus more popular worldwide. Unfortunately, the Pound will recover at least most of its value. The world craves stable currencies and the Pound Sterling has been one of the best for centuries.
Let everyone else panic. Things will level out. Both Europe and the UK need each other. They will work it out in as mutually beneficial a way as possible. And remember, this separation is a long process; at least 2 years, maybe more.
1) The UK is the 5th largest economy in the world.
2) India is the 7th largest economy in the world.
3) India is an historic and natural trading partner for the UK.
4) Australia is also a large economy and an historic and natural trading partner with the UK.
5) Despite the importance of strong trade relationships with the UK, the EU will not let the UK give favored trade status to any non-EU country, like India and Australia.
6) If the EU puts up major trade barriers (tariffs) for trade with the UK, the EU members will lose the market of the fifth largest economy in the world, while the UK gains India and Australia, etc.
7) I am buying Pounds now just like I bought the Euro at 88 US cents. It will make traveling to the UK affordable again. That is a benefit of the possible reduction in the value of the Pound. It will also make UK goods more affordable and thus more popular worldwide. Unfortunately, the Pound will recover at least most of its value. The world craves stable currencies and the Pound Sterling has been one of the best for centuries.
Let everyone else panic. Things will level out. Both Europe and the UK need each other. They will work it out in as mutually beneficial a way as possible. And remember, this separation is a long process; at least 2 years, maybe more.
This might have something to do with very little spending on their public schooling. Less educated people have less opportunity.
All dominoes are not the same. France and Germany are huge pieces that matter when it comes to the EU. So, while it is nice that a country like Greece is part of the EU, they are not the equal of England from a financial power perspective. If Germany or France leave, which is very, very possible, the EU is done. 26 to 1 or not.
There was a lot of bluster and fear mongering by globalists, but this is more opportunity, and another death knell for globalism. It will be interesting to see how the markets rebound, as well as the companies who pick up some of the pieces that a strong dollar will leave.
If you think globalism is dead, your a fool. It has been on an unrelenting March for a 1000 years and will continue. This will be a small hiccup in that March. We can get global information instantaneously, travel anywhere quicker than ever and companies have no borders, yet globalism is dead. Ok.
It all depends on your definition of Globalism. Your definition appears to be about external things (info exchange, travel, etc.) and not about government or treaties. Nationalism is also as strong as ever and always will be. And, in case you have not noticed, Nationalism is why Trump will win in November.
A cheaper pound is great for tourists and for the British economy; it is bad for our economy because it raises the prices of American goods in Britain.
It put the entire EU in jeopardy with other members possible leaving. If that happens, several of the countries that might go bankrupt about a year ago, like Greece and Spain, will probably go bankrupt. All the European banks will get crushed and US banks will be affected negatively. The markets dropped dramatically when only Greece had the possibility of bankruptcy. Liquidity or loans to businesses will be extremely difficult to get or non existent. With Europe in disarray, US corporations that do a significant amount of business there will have their sales cut by 7-15% and the US Corp will cut their workforce. Most likely the doom day scenario that some were predicted, depression more than repression. The markets will at the minimum go down double digits. Right now, the Dow is down about 900 points from its high which is only 5% off the high. 10 % down would be another 900 points to 16,500. Greenspan is really worried and has mentioned about 23% down. This won't happen immediately but slowly over the 2 years while people worry.
http://www.newsmax.com/Finance/Stre...economy-Federal-Reserve/2016/06/24/id/735477/
http://www.bbc.co.uk/programmes/p03zdcgl?ocid=socialflow_twitter
The short term pain people are talking about is probably 2-4 years and the long term positives is 5-8 years just like the recovery from 2008 to 2016 if you consider the US recovery. During this entire period, expect job losses similar to 2008 or probably worst. Expect more of this with Trump winning the election. Trump brings the unknown and People will be in cash scared of the future and cut their spending. Not a good thing.
I didn't believe the doom day scenario Albany Knight keeps harping about but now I see it's possible. I don't know why people are cheering about leaving the EU since most experts expect negative consequences but I don't know why people will vote for a Trump.
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In the long run, this will be good for the UK economy because their trade deals don't include what's best for 26 other countries.
The problem the EU has is they can't "make an example of the uk" for leaving because France, Italy and Germany depend on selling into the UK. That is most of their economy. The UK exports only 44% go to the single market and they will have a trade agreement in place before they actually leave the EU (It will probably be a 2 year process according to Article 50 of the Lisbon Treaty).
Scotland can't leave the UK for a number of reasons. The first being their economy. Their economy is practically ALL oil from the North and with the price of oil currently, they are being heavily subsided by England (as are Wales and Northern Ireland). But, even if that wasn't a problem, several countries have said they would block their entrance into the EU.
In the end, it is always funny to see the leftists complain when they lose an election. If only those pesky, uneducated racists didn't vote against their interests, 100% of the vote would side with them. Hilarious.
Nationalism ebbs and flows, it was strong in the 30s. It will die down again after people realize how silly it is.