The EU: In, out, shake it all about.... (120 Viewers)

[Astute]

No. I am not like that. I want a peaceful prosperous Europe. We share a history and we have fought each other for centuries. It would great if we could live together in peace. It would be a good example for the rest of the world as well.

The problem is there is normally someone who wants to take over Europe. And they are normally German. The EU is taking over more of Europe all the time. And strangely enough Germans are taking over the EU. And the last one to take up a position in the EU.....the top job in the EU.....which broke rules and regulations.........is German. A German who has been the puppet master for years.

At least this attempt is without war for once.

 

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[martcov]

Typical. Only look for the bad and ignore the good.

If you have time try reading this article. It will help your understanding of what has happened so far this century. Because you seem to be missing out on a lot.

The lost decade - BBC News

? Tony made an observation. It’s about the consequences of the pound falling or fluctuations. What’s your point?

 

[SkyblueBazza]

Would you want Brexit to be a success if it’s ultimate consequence was they other countries also left and the whole project collapsed?

The thing is this word 'populism' has crept into many debates since Trump came to power & it's use is fraught with danger imo. It is nothing more than giving/telling voters what they want to hear. They must want to hear ut otherwise it wouldn't be popular. Referring to far-right populism is probably interpretting in many people's unconscious minds 'far right is poluar'. Then they are much more likely to give a sympathetic ear to what they consider popular.

True populism is mainstream politics...coz that
Is where prople cast their votes.

Sent from my SM-G935F using Tapatalk

 

[Grendel]

? Tony made an observation. It’s about the consequences of the pound falling or fluctuations. What’s your point?

Dollar fluctuation has no impact unless it is a huge deviation

 

[martcov]

So the bank of the EU which is run by the EU and funded by countries of the EU and loans given out mainly to help countries in the EU (unless it is to work against the UK) has nothing to do with the EU?

And as the EIB called itself. The bank of the EU.

EIB - At a glance

The EIB is the European Union's bank. We are the only bank owned by and representing the interests of the European Union Member States. We work closely with other EU institutions to implement EU policy.

So which part don't you understand?

I told you what to google, EIB UK, and I explained the difference about a subsidiary and say, the EU Council, Parliament or Commission ( The EU ).

 

[Grendel]

No. I am not like that. I want a peaceful prosperous Europe. We share a history and we have fought each other for centuries. It would great if we could live together in peace. It would be a good example for the rest of the world as well.

I honestly think you are a bit mad

 

[martcov]

Dollar fluctuation has no impact unless it is a huge deviation

Depends on what you are dealing in and the quantities involved. The same as supply chain disruption. Speth says 60 million a day for JLR.

 

[martcov]

I honestly think you are a bit mad

I am flattered seeing as it’s you.

 

[martcov]

The thing is this word 'populism' has crept into many debates since Trump came to power & it's use is fraught with danger imo. It is nothing more than giving/telling voters what they want to hear. They must want to hear ut otherwise it wouldn't be popular. Referring to far-right populism is probably interpretting in many people's unconscious minds 'far right is poluar'. Then they are much more likely to give a sympathetic ear to what they consider popular.

True populism is mainstream politics...coz that
Is where prople cast their votes.

Sent from my SM-G935F using Tapatalk

It obviously isn’t otherwise there would be no need for a distinction.

 

[martcov]

The problem is there is normally someone who wants to take over Europe. And they are normally German. The EU is taking over more of Europe all the time. And strangely enough Germans are taking over the EU. And the last one to take up a position in the EU.....the top job in the EU.....which broke rules and regulations.........is German. A German who has been the puppet master for years.

At least this attempt is without war for once.

As Grendel would say, „ oh god“.

 

[martcov]

Most of what you say is either a guess or not true. Then you have the nerve to say everyone who doesn't agree with you are wrong.

Guess? I keep telling you facts e.g. about voting for AfD.. you just say I said something completely different and that that is wrong

 

[martcov]

To Tony if it can't make the EU look good it doesn't exist or it is wrong.

In what way is he trying to make something look good? There are negative effects to Brexit. Currency fluctuations is one. Pointing it out doesn’t automatically make the EU look good. Just makes Brexit look like a risky idea. What do you expect? Everyone to think Brexit is a great idea whilst it is looking increasingly not like a good idea?

 

[Grendel]

In what way is he trying to make something look good? There are negative effects to Brexit. Currency fluctuations is one. Pointing it out doesn’t automatically make the EU look good. Just makes Brexit look like a risky idea. What do you expect? Everyone to think Brexit is a great idea whilst it is looking increasingly not like a good idea?

Why is currency fluctuations a bad thing?

 

[Astute]

? Tony made an observation. It’s about the consequences of the pound falling or fluctuations. What’s your point?

There is good and bad about the pound falling in value. There is good and bad about the pound gaining in value. But he is like you. He takes every situation and looks for bad in it. Then he looks for a way to blame the bad on Brexit. Just like you do.

 

[Astute]

In what way is he trying to make something look good? There are negative effects to Brexit. Currency fluctuations is one. Pointing it out doesn’t automatically make the EU look good. Just makes Brexit look like a risky idea. What do you expect? Everyone to think Brexit is a great idea whilst it is looking increasingly not like a good idea?

Brexit is a risky thing to do short term. We all agree on that. But long term it is more risky staying in the EU and being told what to do against having your own destiny in your own hands.

 

[Astute]

I told you what to google, EIB UK, and I explained the difference about a subsidiary and say, the EU Council, Parliament or Commission ( The EU ).

Yes you want to look at a subsidiary to prove a point that doesn't exist. Why not look at the top? You can't twist what they say. So you want me to look elsewhere.

 

[Astute]

As Grendel would say, „ oh god“.

So what part isn't true?

The reason why you can't give a proper reply.

 

[Astute]

Guess? I keep telling you facts e.g. about voting for AfD.. you just say I said something completely different and that that is wrong

Ah the AfD. Those you call insignificant. But when you talk about right wingers you call them dangerous. And you can't see the contradiction.

 

[skybluetony176]

Tony have you ever heard of the word hedging other than in a gardening context?

Is there a cost to hedging? Is it 100% guaranteed? Is there a risk to it? Do small scale manufacturers have easy access to it. Do small scale manufacturers have the scope to fund hedging?

Yes, no, yes, no, no.

 

[skybluetony176]

So you say a lot to not say anything.

I asked a question dumbo head. A question that went unanswered and still has. You’re pointing your reply at the wrong poster.

 

[skybluetony176]

Typical. Only look for the bad and ignore the good.

If you have time try reading this article. It will help your understanding of what has happened so far this century. Because you seem to be missing out on a lot.

The lost decade - BBC News

What’s the good then? Educate me.

 

[skybluetony176]

Dollar fluctuation has no impact unless it is a huge deviation

Are you saying that it doesn’t benefit exports then? You can’t have it both ways.

 

[skybluetony176]

To Tony if it can't make the EU look good it doesn't exist or it is wrong.

I wasn’t even talking about the EU dumbo head. We were talking about the strength of U.K. currency against USA currency and the ramifications of that. No mention of the EU and the Euro. Like I said to you earlier. Probably best that you sit this one out.

 

[martcov]

Ah the AfD. Those you call insignificant. But when you talk about right wingers you call them dangerous. And you can't see the contradiction.

Again I say in perspective. They got 12,5% on the day. They would get 14% today according to polls. They are strong in some places not others. Many of their voters are not „dangerous“, but they associate with people who are dangerous such as Thürgida, Pegida etc.. The danger is that AfD breaks Tabus which allow the really nasty ones to grow.

 

[martcov]

So what part isn't true?

The reason why you can't give a proper reply.

That Germany is trying to take over the EU as Germany tried to control Europe as a Nazi power or imperial power. Selmayr is one man making his own way to the top. He was pushed into his post by someone from Luxemburg.

 

[martcov]

Why is currency fluctuations a bad thing?

Can also be a good thing, but it costs money to hedge against fluctuations which you don’t get, say, with the Euro as a member of the Eurozone.

 

[skybluetony176]

Can also be a good thing, but it costs money to hedge against fluctuations which you don’t get, say, with the Euro as a member of the Eurozone.

Sounds like Grendull is making a case for joining the Euro again.

 

[Grendel]

Is there a cost to hedging? Is it 100% guaranteed? Is there a risk to it? Do small scale manufacturers have easy access to it. Do small scale manufacturers have the scope to fund hedging?

Yes, no, yes, no, no.

Tony this discussion was about JLR and any impact on movement in US dollars. Not Fred Bloggs limited who employs one man and his dog.

 

[Grendel]

Sounds like Grendull is making a case for joining the Euro again.

I thought you were talking about Dollar fluctuation Tony

 

[Grendel]

Can also be a good thing, but it costs money to hedge against fluctuations which you don’t get, say, with the Euro as a member of the Eurozone.

So large manufacturers such as BMW and Mercedes don’t hedge? Is this a serious comment?

 

[martcov]

So large manufacturers such as BMW and Mercedes don’t hedge? Is this a serious comment?

Where do I say either that they do or that they don’t?

 

[martcov]

So large manufacturers such as BMW and Mercedes don’t hedge? Is this a serious comment?

You hedge when you receive or need foreign currency in the future. That way you can calculate your costs and profit margins. If you are dealing within one currency then you have nothing to hedge. Which is an advantage to those importing and exporting within the Eurozone. If they need materials from abroad then of course they will hedge. Rolls Royce engines didn’t hedge against the dollar which is why they went bankrupt and were reformed as Rolly Royce (1971) Limited. They have dropped 1971 since then.

 

[Grendel]

You hedge when you receive or need foreign currency in the future. That way you can calculate your costs and profit margins. If you are dealing within one currency then you have nothing to hedge. Which is an advantage to those importing and exporting within the Eurozone. If they need materials from abroad then of course they will hedge. Rolls Royce engines didn’t hedge against the dollar which is why they went bankrupt and were reformed as Rolly Royce (1971) Limited. They have dropped 1971 since then.

So they don’t hedge against euro fluctuation versus the Dollar or against other majors purchasers such as the uk and Japan?

 

[skybluetony176]

Tony this discussion was about JLR and any impact on movement in US dollars. Not Fred Bloggs limited who employs one man and his dog.

No it wasn’t. It was about the impact of currency fluctuation and the effects of it. I’ve already brought my own personal experience into it through my own work and given you the benefit of my friends experience in buying copper products. I guess the conversation is getting difficult so you’re trying to make out it’s going of topic.

Fred Bloggs Ltd who employs one man and his dog are supposed to be a beneficiary of Brexit aren’t they? Your attitude seems to be that they don’t have the resources to hedge currency or commodities so screw them. You are aware that there’s a world outside of JLR aren’t you? Not that you seem aware of what’s going on within JLR for that matter.

Anyway, back to the original question. Is there a a cost and risk to hedging? It can be as volatile as the commodities and currency markets on its own can’t it? Haven’t large companies lost millions by hedging? Seem to remember a certain sports clothes and equipment outlet lost millions hedging currency a few years ago.

 

[skybluetony176]

I thought you were talking about Dollar fluctuation Tony

I thought you thought we were talking about JLR.