The EU: In, out, shake it all about.... (41 Viewers)

[Grendel]

Any time it looks like Brexit won’t happen the pound rises.

No it doesn’t the highest rise was the initial announcement on mays deal

 

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[Brighton Sky Blue]

No it doesn’t the highest rise was the initial announcement on mays deal

Avoiding a no deal scenario-if a second referendum happens and a Remain vote is returned you will see a bigger rise.

 

[skybluetony176]

Thats a 3 year old link and he didn’t

Not through quantitative easing he didn’t but the BOE Asset Purchase Facility has been working overtime sine with Gilt Bonds, various Corporate Bonds, the Term Funding Scheme ect ect. The BOE quarterly reports are all available on line. I suspect that if you totalled it all up since the article was printed and compared it to the period before then in fact he’s likely to have injected more than he predicted in the article.

 

[Grendel]

Avoiding a no deal scenario-if a second referendum happens and a Remain vote is returned you will see a bigger rise.

If and if = uncertainty and any big rise would be catastrophic for many industries

 

[Grendel]

Not through quantitative easing he didn’t but the BOE Asset Purchase Facility has been working overtime sine with Gilt Bonds, various Corporate Bonds, the Term Funding Scheme ect ect. The BOE quarterly reports are all available on line. I suspect that if you totalled it all up since the article was printed and compared it to the period before then in fact he’s likely to have injected more than he predicted in the article.

Which of course is hogwash

 

[skybluetony176]

Which of course is hogwash

The BOE are lying? Is that a Grendull exclusive?

 

[Grendel]

The BOE are lying? Is that a Grendull exclusive?

No it’s an assumption you are making these are actions as a consequence of the event that’s hogwash

 

[skybluetony176]

No it’s an assumption you are making these are actions as a consequence of the event that’s hogwash

The BOE is on the record saying that the brexit vote has cost the U.K. economy £40B a year and it’s taking measures to mitigate this through it’s Asset Purchasing Facility. You’re suggesting that a loss of £40B a year to the U.K. economy doesn’t effect the investment in the Asset Purchasing Facility is what’s hogwash. The Term Funding Scheme alone has had £121B pumped into it since August 2016 until the end of 2018 and this was set up purely because of the referendum result. You can find all this out like I’ve already said on the BOE’s website. I’ve made no assumptions, it’s documented fact. Fact you seem completely unaware of so have made assumptions yourself instead.

 

[Grendel]

The BOE is on the record saying that the brexit vote has cost the U.K. economy £40B a year and it’s taking measures to mitigate this through it’s Asset Purchasing Facility. You’re suggesting that a loss of £40B a year to the U.K. economy doesn’t effect the investment in the Asset Purchasing Facility is what’s hogwash. The Term Funding Scheme alone has had £121B pumped into it since August 2016 until the end of 2018 and this was set up purely because of the referendum result. You can find all this out like I’ve already said on the BOE’s website. I’ve made no assumptions, it’s documented fact. Fact you seem completely unaware of so have made assumptions yourself instead.

Er....the 40 billion a year is based on growth assumption revisions is it not?

 

[Grendel]

Is Europe

It hasn't been used even by the Germans to mean 'empire' since the days of the Kaiser

Membership of the single currency limits German economic power, it doesn't amplify it

There is no conspiracy for a German conquest of Europe, even in the economic terms you describe. It is one of the world's largest economies by its own merit. Those calling '4th Reich' haven't moved on from 1945

The key point on the argument that the Eu and more significantly the single currency is the is the enormous trading advantage this offers against its neighbours. The currency is and always has been weaker than the Deutschmark and this has allowed the economy to strengthen especially against its economic bedfellows who are immediately at a huge disadvantage.

Germany is a rich country and its status as a net exporter within the Eurozone gives it a huge advantage. In addition so does the EU regulations which have been set up as a protectionist strategy.

The weaker countries cannot and will not compete. They are being used primarily as fodder for cheap labour and imports into them with complete disregard for their long term economic outlook. Germany is the principal banker in the European Bank and is the key driver to attaining artificially suppressed interest rates. Most countries in Europe outside of Germany are economic basket cases. Italy has some of the largest debt on the planet, France is little better and if Greece and Portugal were limited companies they would have been declared bankrupt years ago. All these countries are funded on loans which are ridiculously low rates given the scale of debt and are wholly reliant on the German model and artificial suppression of its rates. So German dictates and controls the key fiscal policy in all these markets while non Eurozone countries which are equally impoverished (Hungary and Romania say) are ripe for economic and social exploitation.

Germany runs Europe. It’s the economic powerhouse and so rather than military control it runs it by economic power and favourable legislation. Independent states can no longer set their own fiscal and economic strategy without Merkel approving it. If that is not economic dominance and rule what actually is?

Its hardly an offensive term as several books have been written on the topic. The one that I have read is “The EU: Truth About the Fourth Reich – How Hitler Won the Second World War” – a provocative title but the authors are not exactly amateurs and one is a respected economist. Some of the claims and forecasted impending doom may seem extreme but one claim is interesting. It claims that the EU concept was designed by the then President of the Reichbanks as well as being Hitlers economic minister. He made predictions of European unity and the idea of the national socialist movement was always to have a united nations based on economic super power from Germany.

It has been achieved.

 

[martcov]

Is Europe


The key point on the argument that the Eu and more significantly the single currency is the is the enormous trading advantage this offers against its neighbours. The currency is and always has been weaker than the Deutschmark and this has allowed the economy to strengthen especially against its economic bedfellows who are immediately at a huge disadvantage.

Germany is a rich country and its status as a net exporter within the Eurozone gives it a huge advantage. In addition so does the EU regulations which have been set up as a protectionist strategy.

The weaker countries cannot and will not compete. They are being used primarily as fodder for cheap labour and imports into them with complete disregard for their long term economic outlook. Germany is the principal banker in the European Bank and is the key driver to attaining artificially suppressed interest rates. Most countries in Europe outside of Germany are economic basket cases. Italy has some of the largest debt on the planet, France is little better and if Greece and Portugal were limited companies they would have been declared bankrupt years ago. All these countries are funded on loans which are ridiculously low rates given the scale of debt and are wholly reliant on the German model and artificial suppression of its rates. So German dictates and controls the key fiscal policy in all these markets while non Eurozone countries which are equally impoverished (Hungary and Romania say) are ripe for economic and social exploitation.

Germany runs Europe. It’s the economic powerhouse and so rather than military control it runs it by economic power and favourable legislation. Independent states can no longer set their own fiscal and economic strategy without Merkel approving it. If that is not economic dominance and rule what actually is?

Its hardly an offensive term as several books have been written on the topic. The one that I have read is “The EU: Truth About the Fourth Reich – How Hitler Won the Second World War” – a provocative title but the authors are not exactly amateurs and one is a respected economist. Some of the claims and forecasted impending doom may seem extreme but one claim is interesting. It claims that the EU concept was designed by the then President of the Reichbanks as well as being Hitlers economic minister. He made predictions of European unity and the idea of the national socialist movement was always to have a united nations based on economic super power from Germany.

It has been achieved.

When Funk made his speech outlining plans for a successful Europe, the Nazis already controlled most of it. They had to have Europe working in unison whether they were Nazis or not as the Europe of small nations would not be able to compete with the other large blocs: the British Empire, the USA, Japanese influence in Asia and the Soviet Union. This idea wasn’t confined to the Nazis. Socialists, social democrats and, in the UK, Keynes also saw this. The Nazi version was based on the Reichsmark being the lead currency with all others attached at fixed rates, and with the eastern agricultural countries not having free trade to ensure that they did not attain the same industrial level or living standards as Germany and the Northern countries such a Norway and Holland, who would have a free trade area. This was based on the racial theory that the Germanic countries were superior to Eastern Europeans. Fancy looking down on Eastern Europeans..., who does that nowadays?

It is a fact that Germany is the strongest country in the EU, but far from the Nazi policy of holding the agricultural lands down, they get infrastructure and assistance to build them up. The racial element is not allowed in EU law and the poorer countries have a say and some vetos in the EU Council, as well as MEPs in proportion to their size. None of that figured in a Nazi German led vision.

The UK was not envisaged in the Nazi version of an European community as it still had it’s empire. If you go down the Realpolitik ( and conspiracy theory) road, it is strategically not good that the UK is leaving as that does move the EU more to Funk‘s vision. The UK needs to a major country in the EU.

 

[skybluetony176]

Er....the 40 billion a year is based on growth assumption revisions is it not?

It is. The £121B in the Term Funding Scheme is fact is it not? Without it the revision of £40B would be higher simply because there would have been even less stimulus in the economy. No assumption needed for that.

 

[martcov]

No it doesn’t the highest rise was the initial announcement on mays deal

Which your Fans on here say is not leaving the EU.

 

[Grendel]

It is. The £121B in the Term Funding Scheme is fact is it not? Without it the revision of £40B would be higher simply because there would have been even less stimulus in the economy. No assumption needed for that.

So the original assumption of growth could have been wildly inaccurate - thanks for confirming

 

[Grendel]

Which your Fans on here say is not leaving the EU.

Who are my fans?

 

[martcov]

Who are my fans?

Just say something anti EU and see where the likes come from. They may not be actual fans because you manage to insult most people on some thread at some time, but they will agree with you on anti EU things. Especially „4. Reich“ „Führer Merkel“ „EUSSR“ „ Protectionist club“ etc..

 

[Grendel]

Just say something anti EU and see where the likes come from. They may not be actual fans because you manage to insult most people on some thread at some time, but they will agree with you on anti EU things. Especially „4. Reich“ „Führer Merkel“ „EUSSR“ „ Protectionist club“ etc..

Who?

 

[skybluetony176]

So the original assumption of growth could have been wildly inaccurate - thanks for confirming

Firstly it’s a forecast not an assumption. It requires more than you sticking your finger in the air. Secondly the fact that the BOE has had to launch a £121M stimulus package shows that the forecast is far from being wildly inaccurate and does in fact have merit. These are the facts, not your assumptions based on an ignorance of fact. You won’t even acknowledge that there is a Term Funding Scheme set up because of the referendum result totalling £121B until the end of 2018, that’s before you consider the costs of the other stimulus packages. You claim Carney never used the money when he’s used half of it on one package alone. Your ignorance on this subject is spectacular.

 

[Brighton Sky Blue]

Just say something anti EU and see where the likes come from. They may not be actual fans because you manage to insult most people on some thread at some time, but they will agree with you on anti EU things. Especially „4. Reich“ „Führer Merkel“ „EUSSR“ „ Protectionist club“ etc..

Lol at the EU being simultaneously the 4th Reich and USSR

 

[Astute]

It’s not an exact science you know that. It’s best guess based on the past. People get those things wrong it’s not just bias

Of course it isn't. But these same people keep getting things wrong. Yet what they say is always 100% right for the future.

 

[Astute]

No, all I’ve proved is that Dutchman was talking bollocks.

What you proved was those you quote as knowing what will happen after Brexit also knew what would happen if we voted leave. And they were wrong then.

 

[Astute]

The BOE are lying? Is that a Grendull exclusive?

So the BoE is always right?

OK.

 

[Astute]

Just say something anti EU and see where the likes come from.

And as usual a false comment.

Say something anti UK and see them come flying in. Say something pro EU and see them come flying in. Say something pro remain or anti leave and there will be even more. It is like a competition to see who gets the most pats on the back.

But come out with the truth and those who cheer each other on go on the attack like a pack of dogs.

 

[skybluetony176]

So the BoE is always right?
OK.

I suggest you read the details in what I’ve said before you open your mouth and put your foot in it.

They’re also right more often than they’re wrong and more right than Grendull has ever been. His assumption that Carney has never used the £250B war chest being just one today and the day is still young.

 

[Brighton Sky Blue]

Is Europe


The key point on the argument that the Eu and more significantly the single currency is the is the enormous trading advantage this offers against its neighbours. The currency is and always has been weaker than the Deutschmark and this has allowed the economy to strengthen especially against its economic bedfellows who are immediately at a huge disadvantage.

Germany is a rich country and its status as a net exporter within the Eurozone gives it a huge advantage. In addition so does the EU regulations which have been set up as a protectionist strategy.

The weaker countries cannot and will not compete. They are being used primarily as fodder for cheap labour and imports into them with complete disregard for their long term economic outlook. Germany is the principal banker in the European Bank and is the key driver to attaining artificially suppressed interest rates. Most countries in Europe outside of Germany are economic basket cases. Italy has some of the largest debt on the planet, France is little better and if Greece and Portugal were limited companies they would have been declared bankrupt years ago. All these countries are funded on loans which are ridiculously low rates given the scale of debt and are wholly reliant on the German model and artificial suppression of its rates. So German dictates and controls the key fiscal policy in all these markets while non Eurozone countries which are equally impoverished (Hungary and Romania say) are ripe for economic and social exploitation.

Germany runs Europe. It’s the economic powerhouse and so rather than military control it runs it by economic power and favourable legislation. Independent states can no longer set their own fiscal and economic strategy without Merkel approving it. If that is not economic dominance and rule what actually is?

Its hardly an offensive term as several books have been written on the topic. The one that I have read is “The EU: Truth About the Fourth Reich – How Hitler Won the Second World War” – a provocative title but the authors are not exactly amateurs and one is a respected economist. Some of the claims and forecasted impending doom may seem extreme but one claim is interesting. It claims that the EU concept was designed by the then President of the Reichbanks as well as being Hitlers economic minister. He made predictions of European unity and the idea of the national socialist movement was always to have a united nations based on economic super power from Germany.

It has been achieved.

Germany is one of the world’s largest economies off it’s own merit. This will always give it leverage over countries with weaker setups. Seems to me you are maybe bitter at being overtaken. The biggest economies call the shots-no pseudo Nazi conspiracy here I’m afraid.

 

[martcov]

What you proved was those you quote as knowing what will happen after Brexit also knew what would happen if we voted leave. And they were wrong then.

I proved that no one had to react to stop the pound climbing. The reaction was to break the fall. Farage’s mates made a fortune after Farage saying leave had lost, pound went up, then the truth came out and the pound fell. They made a fortune on Farage’s one lie. The pound went up when people thought that remain had won. That is a fact. Dutchman was talking bollocks as I said.

 

[martcov]

And as usual a false comment.

Say something anti UK and see them come flying in. Say something pro EU and see them come flying in. Say something pro remain or anti leave and there will be even more. It is like a competition to see who gets the most pats on the back.

But come out with the truth and those who cheer each other on go on the attack like a pack of dogs.

Who says anything anti UK? Saying Farage is a liar is not anti UK. Saying Brexit is a crock of shit is neither pro EU nor anti UK.

 

[Grendel]

Firstly it’s a forecast not an assumption. It requires more than you sticking your finger in the air. Secondly the fact that the BOE has had to launch a £121M stimulus package shows that the forecast is far from being wildly inaccurate and does in fact have merit. These are the facts, not your assumptions based on an ignorance of fact. You won’t even acknowledge that there is a Term Funding Scheme set up because of the referendum result totalling £121B until the end of 2018, that’s before you consider the costs of the other stimulus packages. You claim Carney never used the money when he’s used half of it on one package alone. Your ignorance on this subject is spectacular.

Many people have mocked their forecasting ability and the embarrassing levels of inaccurate data due to anti brexit bias and general incompetence have they not?

 

[Grendel]

Saying Brexit is a crock of shit is neither pro EU nor anti UK.

Of course its not pro Eu Mart. Keep dribbling behind Merkels shadow

 

[RegTheDonk]

Just say something anti EU and see where the likes come from. They may not be actual fans because you manage to insult most people on some thread at some time, but they will agree with you on anti EU things. Especially „4. Reich“ „Führer Merkel“ „EUSSR“ „ Protectionist club“ etc..

It's a pity there isn't a dislike button.

 

[skybluetony176]

Many people have mocked their forecasting ability and the embarrassing levels of inaccurate data due to anti brexit bias and general incompetence have they not?

Again ignoring the tangible fact that there has been a £120B stimulus package directly from the referendum result. The tangible things that have happened since the referendum concludes that they’re right. Our economy has faltered despite this and other stimulus packages. It would have been much worse if they hadn’t. This isn’t one of your factless assumptions, this is what has actually happened. Your assumption that Carney hasn’t dipped into his £250B war chest is just pure ignorance. As I’ve repeatedly pointed out to you £120B on one of several packages alone . You’re not even aware of what has happened, how does that qualify you to judge the BOE’s forecasting ability?

 

[Grendel]

Again ignoring the tangible fact that there has been a £120B stimulus package directly from the referendum result. The tangible things that have happened since the referendum concludes that they’re right. Our economy has faltered despite this and other stimulus packages. It would have been much worse if they hadn’t. This isn’t one of your factless assumptions, this is what has actually happened. Your assumption that Carney hasn’t dipped into his £250B war chest is just pure ignorance. As I’ve repeatedly pointed out to you £120B on one of several packages alone . You’re not even aware of what has happened, how does that qualify you to judge the BOE’s forecasting?

It isn’t ignorance at all. There is a counter argument that none of this was at all necessary and a decision made by the view from Carney it was required - you talk if it’s aid to stop a depression - it isn’t - it’s a strategic decision based on how they believe the economy will react - the economy has been a lot stronger than he predicted - your are mistaken in the assumption the actions were required - they were not

 

[martcov]

It isn’t ignorance at all. There is a counter argument that none of this was at all necessary and a decision made by the view from Carney it was required - you talk if it’s aid to stop a depression - it isn’t - it’s a strategic decision based on how they believe the economy will react - the economy has been a lot stronger than he predicted - your are mistaken in the assumption the actions were required - they were not

The economy has stabilised as the result of his actions. To claim that everything would have been Hunky Dory is pushing it.

 

[skybluetony176]

It isn’t ignorance at all. There is a counter argument that none of this was at all necessary and a decision made by the view from Carney it was required - you talk if it’s aid to stop a depression - it isn’t - it’s a strategic decision based on how they believe the economy will react - the economy has been a lot stronger than he predicted - your are mistaken in the assumption the actions were required - they were not

It’s hardly an assumption to recognise that a £120B stimulus package is only going to have a positive effect on the economy, yet it’s still stalling. According to you they never happened in the first place until I repeatedly corrected you. You're at least admitting that you were wrong on that score. You’re now trying to play down the effect of the things you never understood were happening so we’re not even progressing. Do you know what the Term Funding Scheme actually promoted?

 

[martcov]

It's a pity there isn't a dislike button.

The first.