Grendel
Well-Known Member
No it doesn’t the highest rise was the initial announcement on mays deal
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
Thats a 3 year old link and he didn’t
Avoiding a no deal scenario-if a second referendum happens and a Remain vote is returned you will see a bigger rise.
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
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
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.
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
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.
Er....the 40 billion a year is based on growth assumption revisions is it not?
No it doesn’t the highest rise was the initial announcement on mays deal
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.
Which your Fans on here say is not leaving the EU.
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..
So the original assumption of growth could have been wildly inaccurate - thanks for confirming
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..
Of course it isn't. But these same people keep getting things wrong. Yet what they say is always 100% right for the future.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
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.No, all I’ve proved is that Dutchman was talking bollocks.
So the BoE is always right?The BOE are lying? Is that a Grendull exclusive?
And as usual a false comment.Just say something anti EU and see where the likes come from.
So the BoE is always right?
OK.
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.
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.
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.
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.
Saying Brexit is a crock of shit is neither pro EU nor anti UK.
It's a pity there isn't a dislike button.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..
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?
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 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 a pity there isn't a dislike button.
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