Brexit

[Snipe]

Great Britain has chosen to leave the European Union.

All hell is breaking loose in the markets, but I think it will be contained. Until the Parliament actually endorses a formal plan, GB has not actually exited the EU. They have signaled their intentions though.

I was all for it. I think the EU has not been good for Britain or many other member states.

Scotland actually voted pro EU in the voter tallies. That is interesting because they came close to breaking up the United Kingdom in an election in the past year and a half. Seems like Scots want to be part of the EU more than they want to be in the UK. Possibly it is because of fear of economic ramifications, which is why the Scots stayed put in the first place, and why the UK almost did.

I predict that the UK will be fine economically. I heard the Bank of England speak a few moments ago, and was amazed that he didn't have a British accent. Because he isn't British.

Leaders of other EU countries have come out and stated that because of this they won't be holding referendums. Now that is Democracy for you!

Does everyone have a right to independence?

Should Spain be allowed a vote if their leader says "No you can't have a vote"

What about Oregon? What if Oregon wanted to secede from the Union. Would we allow that? What if Ohio and a collection of other states wanted to secede? If we aren't allowed to build a wall and enforce immigration laws on a national basis, I could see it happening somewhere. Not everyone wants the suicide pact of the current liberal progressive wave of pathological altruism. It isn't like the wealthy want to take those Syrians into their own homes, just bring them to the poor and working class neighborhoods. I mean really, what could possibly go wrong?

[Emp]

Xenophobia is alive and well! Demonizing immigrants has an honorable history. Cf the dirty unwashed Irish criminals ruining America in the 19th century.

[Masterofreality]

I believe that the entire world has been afflicted with Brain Eating amoebas.

#Trump. #Brexit. #Hillary

[Emp]

British accent?

😭 Labeling, one of your favorite sports Once again, massive fail. Assuming you've read Pygmalion or know any thing about the hundreds of regional accents in Britian could be a mistake, but it appears you expect The Chancellor to have the phoney elitist Oxbridge academic accent. What juicy irony.

Britain is going to go into an economic crisis that will be in significant ways the consequence of empire building and the myth of English Exceptionalism. Trumpism is basedon the same psychology.

[NY44]

Buy Buy Buy Buy

This will be a short term disaster, but long term, I think it ultimately won't change much for the global economy. GBP is at a 30 year low though - holy cow.

I'm hoping the silver lining of this all is that it will show just how dangerous xenophobia and nationalism are. The UK is about to go through hell. Can you imagine the amount of inflation they are going to see?

[muskiefan82]

Perhaps the U.S. will form four separate 13 state (Puerto Rico and D.C.) super conferences and all decisions will be made using a championship playoff between the conferences. Wait. I think I mixed my world politics with my sports.

[paulxu]

We tried to CSAexit once down here.
They sent some idiot down, who burned half our state.

It seemed that Britain had gotten a lot of concessions from the EU to stay in, but they weren't enough.
I wonder what this does to the borders deal. Will people from Britain be able to go in and out of European countries easily?

[xubrew]

We tried to CSAexit once down here.
They sent some idiot down, who burned half our state.

It seemed that Britain had gotten a lot of concessions from the EU to stay in, but they weren't enough.
I wonder what this does to the borders deal. Will people from Britain be able to go in and out of European countries easily?

Selfishly, this is actually what I am most concerned about. As a non-European resident, I love how easy it is to go from country to country for the few weeks out of the year that I'm over there. I'm very disappointed that no one from the UK stopped to consider how this would effect me!!

[nuts4xu]

Send all of the commonwealths to their own nation. This is the United STATES of America and Commonwealths don't fit in that definition. The nation isn't called the United Commonwealth/States of America, now is it??

If we are including commonwealths in our country, why isn't the commonwealth of Puerto Rico considered par of our union of states?

Sounds like a bunch of shenanigans, and if there is one thing we don't need right now....it's shenanigans!

[GoMuskies]

Fuck the Brexit. My 401k cannot take this!

[LutherRackleyRulez]

Brexit related links....


https://politicalwire.com/2016/06/24/what-does-the-brexit-vote-mean/



http://www.cnbc.com/2016/06/24/after-cameron-goes-who-will-be-the-next-uk-prime-minister.html

[SemajParlor]

Buy Buy Buy Buy

This will be a short term disaster, but long term, I think it ultimately won't change much for the global economy. GBP is at a 30 year low though - holy cow.


Guess it's time for me to sell.

[X-band '01]

BBC: The UK's Referendum - All You Need to Know (http://www.bbc.com/news/uk-politics-32810887)

Doesn't look like anything drastic, but also remember that there will be an impact for EU members living in Britain.

[paulxu]

Send all of the commonwealths to their own nation. This is the United STATES of America and Commonwealths don't fit in that definition. The nation isn't called the United Commonwealth/States of America, now is it??

If we are including commonwealths in our country, why isn't the commonwealth of Puerto Rico considered par of our union of states?

Sounds like a bunch of shenanigans, and if there is one thing we don't need right now....it's shenanigans!

Google is your friend!

According to USLegal.com: A commonwealth is a free state, or republic, characterized by a representative government. The states of the United States may each be considered commonwealths. Four states in the United States designate themselves commonwealths: Kentucky, Massachusetts, Pennsylvania, and Virginia


They still ask for my passport when I go to Massachusetts or Pennsylvania. But, it may be because of the XU South Carolina plate.

[X-band '01]

But not Kentucky or Virginia?

[paulxu]

Fellow Southern states.

[Juice]

https://twitter.com/michaelbd/status/746324275662065664

[PM Thor]

If you think unemployment for the UK was bad while in the EU, just wait and see how bad it can really get. Hell, US firms doing business in the UK have already said that layoffs will most likely be coming (because the work will be shifted back into other EU member countries). Moodys has already downgraded the UK to a negative outlook and Northern Ireland and most definitely Scotland will once again have a referendum to leave the UK.

Does anyone truly know what is going to happen? Nope, nobody has any firm grasp on that. But that's the point, volatility is a terrible thing economically, and that's what the UK just voted for, volatility.

[paulxu]

I'm not sure they knew what they were voting for/against:

GoogleTrends
✔ ‎@GoogleTrends

"What is the EU?" is the second top UK question on the EU since the #EURefResults were officially announced

[Strange Brew]

British accent?

�� Labeling, one of your favorite sports Once again, massive fail. Assuming you've read Pygmalion or know any thing about the hundreds of regional accents in Britian could be a mistake, but it appears you expect The Chancellor to have the phoney elitist Oxbridge academic accent. What juicy irony.

Britain is going to go into an economic crisis that will be in significant ways the consequence of empire building and the myth of English Exceptionalism. Trumpism is basedon the same psychology.

Welcome back to Snipe.

George Bernard Shaw? Seriously?

[Snipe]

I heard the Bank of England speak a few moments ago, and was amazed that he didn't have a British accent. Because he isn't British.




British accent?

�� Labeling, one of your favorite sports Once again, massive fail. Assuming you've read Pygmalion or know any thing about the hundreds of regional accents in Britian could be a mistake, but it appears you expect The Chancellor to have the phoney elitist Oxbridge academic accent. What juicy irony.

Britain is going to go into an economic crisis that will be in significant ways the consequence of empire building and the myth of English Exceptionalism. Trumpism is basedon the same psychology.

Dude, the spokesperson for the Bank of England really isn't British. I just said that as an aside, I wasn't trying to prove anything. I just thought it was weird and I wrote that extemporaneously in the early AM, because I was still doomed from Jet Lag and was wide awake all night long.

Turns out the guy is from Canada, and it sounds as if he could have been from Cincinnati. Seriously, if I saw this guy downtown and he was working for Deloitte I would buy that in an instant. He doesn't even sound like he is from Chicago, Boston or New York. He sounds like the head accountant at any local business. Here is a video:


https://www.youtube.com/watch?v=Cr0mti0sTgM

[Snipe]

If you think unemployment for the UK was bad while in the EU, just wait and see how bad it can really get. Hell, US firms doing business in the UK have already said that layoffs will most likely be coming (because the work will be shifted back into other EU member countries). Moodys has already downgraded the UK to a negative outlook and Northern Ireland and most definitely Scotland will once again have a referendum to leave the UK.

Does anyone truly know what is going to happen? Nope, nobody has any firm grasp on that. But that's the point, volatility is a terrible thing economically, and that's what the UK just voted for, volatility.

I think they will be fine. If the pound drops and stays down, then it will be more expensive for the Brits to buy foreign goods as opposed to cheaper domestic goods. Also, a devalued pound can do wonders for exports and manufacturing, as British goods could now be 20% cheaper if the Pound is devalued by 20%.

Think of Scotland and North Sea Oil. Oil is denominated in dollars. People argue that we moved from the Gold standard to the Oil standard, and some of our global opponents have fought to get Oil off the dollar standard, but the fact is it is sold and denominated in dollars and that is the current lay of the land.

So a city like Aberdeen in Scotland is a major Oil hub because of North Sea Oil. If the pound went down 20%, that would mean that the oil dollars they are pumping that oil for are about to raise 20%. Aberdeen, like other oil producing centers is currently in a bust of the cyclical oil rich boom and bust cycle. A 20% raise is just what they need.

Hell, I just came from China, and they keep their exchange rate artificially low just to reap all of the advantages, and other countries complain vigorously about it. It isn't all bad. For the record, it isn't all good either. A nice exchange rate enhances your purchasing power for imported good, and makes it cheaper to travel abroad. A low exchange rate encourages tourism, because now every hotel is 20% cheaper, if 20% is the made up number of devaluation.

I actually like the British Pounds chances against the Euro. Think about it like a welfare state, where the UK is a tax payer, and other countries are tax takers. Every heard of PIGS? Portugal, Italy, Greece and Spain are like single mother welfare moms that all other taxpayers not only have to put up with but pay for as well. Well without a tax payer like the UK, more of the burden is going to fall on other civilized European countries.

And the number 1 reason is the immigrant mess. Europe and Merkel have brought in a countless number of refugees and it doesn't look like it will ever abate if they don't do something fast. If you look at fertility rates in Sub-Saharan Africa and the Middle east those countries put out enough kids every year to ensure a steady flow of economic migrants that will come to Europe for years to come. Those migrants aren't some sort of one-off, they have enough people and a high enough third world fertility that they can meet these numbers every year. Similarly, the United States will not run out of interlopers from Latin America. They can breed faster than we can assimilate them. They don't do a great job of creating civilized societies in the Arab world or in Sub Saharan Africa, but they do a great job of breeding. In the end, it is a numbers game. Immigration is what caused the Brexit. Short and sweet.

[Snipe]

Also, on the currency and the Pound, I am not a hedge fund guy into currency arbitrage, so take my opinion with a grain of salt (your chances and your risks are all your own).

But if I had to bet I would bet over the long term that the Pound does better than the Euro, starting from the beginning of the Brexit announcement yesterday. Mostly this has to do with PIGS, and the remaining surplus tax paying nations having to subsidize all those single PIGS welfare mothers.

If anyone wants to bet we can take yesterdays high and I will be you $10 over a year, $20 over 3 years, and $40 dollars over five years. And if the Euro is no longer a currency, I will all three bets as soon it is decommissioned. Now me betting $70 bucks isn't the strongest endorsement, but at least I am willing to put my money where my mouth is and let you pick up one of my bar tabs.

[Snipe]

And another thing!

The UK never left the Pound Sterling monetary system for the Euro. That is a huge factor in the transition.

If you are British, your bank account could have a million Pounds Sterling yesterday and you will have a million Pounds today. If you got a mortgage and the lender was German Deutsche Bank , your mortgage is still denominated in Pounds. It is a big deal.

If Germany wants to leave and go to the Deutschemark, France back to the Franc, or Greece to the Drachma, they will have a contentious period of converting all the money in the entire nation, including all international loans and mortgages now denominated in Euros. Plus, add to that the fact that once you say you are leaving, you currency may temporarily drop like the Pound Sterling did today, so everyone in the country would take an immediate hit for instant conversion.

What a clusterphuk nightmare that would be. And honestly, Greece needs to have their own currency just so that they can devalue it. It would be a great benefit to them and make traveling to Greece a lot cheaper.

I think if the Dutch or the French leave the Euro, it is all over. Germany doesn't like paying for the PIGS welfare mothers as it is, they certainly don't want to carry them if they are going it alone.

See ya Euro, goodbye and good riddance!

[NY44]

I think they will be fine. If the pound drops and stays down, then it will be more expensive for the Brits to buy foreign goods as opposed to cheaper domestic goods. Also, a devalued pound can do wonders for exports and manufacturing, as British goods could now be 20% cheaper if the Pound is devalued by 20%.

Great Britain is a net importer by roughly £192 billion per year. The best data I could find was April 2016. That month, Britain exported £13B to non-EU countries and £12B from EU countries. They imported £21.9B from non-EU countries and £19.1B from EU countries. Even if domestic goods were cheaper, the increased demand for them should inflate the prices plenty.

[paulxu]

The immigration issue in Europe is contentious, just like here.
But most of the time it is discussed in emotional, not factual terms.
Many European nations have negative birth rates. For them to continue on good footing with their economies, they actually need immigrants.

In England, a lot of the immigrants are skilled workers coming to fill jobs (so are younger, healthier workers). Their use of the health care system is far less than the dollars they put into it in taxes.
A win for the health care system.

But the immigrant scare emotion runs high and is easily taped by politicians...there and here.

[bjf123]

I'm not sure they knew what they were voting for/against:

GoogleTrends
✔ ‎@GoogleTrends

"What is the EU?" is the second top UK question on the EU since the #EURefResults were officially announced

Heard on the news this morning that there's a petition in the UK to demand a "do over" vote. Really? That would be a great precedent to set. Don't like the results? That's OK; we'll just do it again, and again, and again,..........


Sent from my iPhone using Tapatalk

[Juice]

The immigration issue in Europe is contentious, just like here.
But most of the time it is discussed in emotional, not factual terms.
Many European nations have negative birth rates. For them to continue on good footing with their economies, they actually need immigrants.

In England, a lot of the immigrants are skilled workers coming to fill jobs (so are younger, healthier workers). Their use of the health care system is far less than the dollars they put into it in taxes.
A win for the health care system.

But the immigrant scare emotion runs high and is easily taped by politicians...there and here.

Trump says idiotic things with no concrete numbers or proof but stuff like this http://www.news.com.au/finance/economy/world-economy/cologne-is-every-day-europes-rape-epidemic/news-story/e2e618e17ad4400b5ed65045e65e141d is really happening over there and it's scary.

[Snipe]

Trump says idiotic things with no concrete numbers or proof but stuff like this http://www.news.com.au/finance/economy/world-economy/cologne-is-every-day-europes-rape-epidemic/news-story/e2e618e17ad4400b5ed65045e65e141d is really happening over there and it's scary.

That really is disturbing Juice. It is scary. When your women get raped and you don't do anything about it, your civilization might well be over. And the people that do protest it tend to get arrested. Those people are animals.

Here are some links. After the fall of Libya, the UK hand picked a couple thousand Libyans and took them home to the UK to train them to help run the new Libya. What could possibly go wrong?

Libyan soldiers responsible for rape and mayhem on UK training programme went on £500,000 barracks wrecking spree (http://www.dailymail.co.uk/news/article-3086108/Libyan-soldiers-responsible-rape-mayhem-UK-training-programme-went-500-000-barracks-wrecking-spree.html#ixzz4CeGMrAbO)

Inside a village under siege: How one of the most peaceful corners of England was turned into a state of anarchy by Libyan cadets accused of rape and violence... that left residents in constant fear (http://www.dailymail.co.uk/news/article-2826076/It-couldn-t-tranquil-corner-England-Libyan-cadets-arrived-train-claims-erupted-rape-violence.html#ixzz4CeGfpL2B)


It has been five months since the tricolour flag of post-Gaddafi Libya was first hoisted alongside the Union Jack at Bassingbourn, to mark the start of a training programme to give leadership skills to a total of 2,000 hand-picked Libyan cadets to help their war-torn country. Until yesterday, there were 236 Libyans at the base. But far from teaching leadership, it seems their sojourn to the UK had the opposite effect.

Drunkenness, theft, violent clashes with British troops and in-fighting between the Libyans themselves had become an almost daily occurrence. More disturbing, allegations of a male rape and sexual attacks on three local woman are now being investigated. Meanwhile, the lanes and cul-de-sacs in the vicinity of the barracks have been teeming with police dispatched in an attempt to allay local fears.

It was easy to forget, as yet another squad car and marked van passed along the quaint High Street this week, that this is Bassingbourn-cum-Kneesworth (pop; 3,500).

I like this part:


We now know, however, from a senior Libyan officer, that some of the young men — who hail from remote areas — had never seen a woman before other than their mothers and sisters and were totally unprepared for life in Britain. …

All cleaning brooms, for example, were removed from the establishment, [a British soldier's wife] told us, because the Libyans began taking the broom heads off and using the handles as makeshift weapons against each other in mass brawls, which frequently broke out inside the base.

In addition, extra personnel had to be brought in at mealtimes to stop the Libyans repeatedly trying to steal knives from the kitchen.

Female British soldiers boarding at the barracks had to be accompanied at all times by male colleagues. ‘The women soldiers on site couldn’t be left alone,’ said the woman, who asked to remain anonymous. ‘It was not considered a safe place to be.’

The decision to allow the Libyan contingent to leave the compound unsupervised seems particularly scandalous.

Nor, insists the soldier’s wife, was it just women who were potentially at risk at Bassingbourn Barracks.

One young, slightly-built British soldier serving in the canteen attracted the attention of a group of his Libyan counterparts. They approached their translator with a question: Could they ‘buy him?’

‘They wanted him for sex,’ said the soldier’s wife. ‘They kept asking the translator how much “he” would cost so they could have him and rape him. I don’t know whether that is something that happens in their culture or not, but there just weren’t enough British soldiers at the base to cope with or control all of the Libyans.’


Stealing knives from the kitchen! I heard they had to serve dinner without knives and forks because when they supplied them they just all started fighting and stabbing each other. And what is with them roaming the country side and ass-raping a man? They are barbarians. Animals.

I bet anyone here could answer the question, "What is the religion of Peace". We have been spoon-fed that enough for a lifetime. I heard that all cultures are equal. Yeah, that's the ticket.

[Emp]

Welcome back to Snipe.

George Bernard Shaw? Seriously?

I know, should have used My Fair Lady or The Rain in Spain.

[Emp]

And another thing!

The UK never left the Pound Sterling monetary system for the Euro. That is a huge factor in the transition.

If you are British, your bank account could have a million Pounds Sterling yesterday and you will have a million Pounds today. If you got a mortgage and the lender was German Deutsche Bank , your mortgage is still denominated in Pounds. It is a big deal.

If Germany wants to leave and go to the Deutschemark, France back to the Franc, or Greece to the Drachma, they will have a contentious period of converting all the money in the entire nation, including all international loans and mortgages now denominated in Euros. Plus, add to that the fact that once you say you are leaving, you currency may temporarily drop like the Pound Sterling did today, so everyone in the country would take an immediate hit for instant conversion.

What a clusterphuk nightmare that would be. And honestly, Greece needs to have their own currency just so that they can devalue it. It would be a great benefit to them and make traveling to Greece a lot cheaper.

I think if the Dutch or the French leave the Euro, it is all over. Germany doesn't like paying for the PIGS welfare mothers as it is, they certainly don't want to carry them if they are going it alone.

See ya Euro, goodbye and good riddance! grain of salt? It's going to take a pound of it to swallow these morsels.

Oh my gawd. This post is preposterously ignorant. Post factual political labeling. The Trump campaign needs you pronto.

The Brit mortgage "analysis" is particularly risible. When German/American/Saudi/Chinese banks withdraw from the Brit mortgage markets because of regulatory and currency chaos, when your middle class Brit borrower who can even find a lender, the interest rate is going to be shocking.

And um if Scotland takes its dwindling North Sea oil and walks.... it will be to the Euro. Whereupon rates at Trumps courses will be ......all fucked up?

Stick to immigrant baiting, your strong suit. Old people eat it up. The young, not so much.

[Emp]

Dude, the spokesperson for the Bank of England really isn't British. I just said that as an aside, I wasn't trying to prove anything. I just thought it was weird and I wrote that extemporaneously in the early AM, because I was still doomed from Jet Lag and was wide awake all night long.

Turns out the guy is from Canada, and it sounds as if he could have been from Cincinnati. Seriously, if I saw this guy downtown and he was working for Deloitte I would buy that in an instant. He doesn't even sound like he is from Chicago, Boston or New York. He sounds like the head accountant at any local business. Here is a video:


https://www.youtube.com/watch?v=Cr0mti0sTgM

So, "dude": he's an immigrant? An immigrant you like because he looks and sounds like you?

[fellahmuskie]

That really is disturbing Juice. It is scary. When your women get raped and you don't do anything about it, your civilization might well be over. And the people that do protest it tend to get arrested. Those people are animals.

Here are some links. After the fall of Libya, the UK hand picked a couple thousand Libyans and took them home to the UK to train them to help run the new Libya. What could possibly go wrong?

Libyan soldiers responsible for rape and mayhem on UK training programme went on £500,000 barracks wrecking spree (http://www.dailymail.co.uk/news/article-3086108/Libyan-soldiers-responsible-rape-mayhem-UK-training-programme-went-500-000-barracks-wrecking-spree.html#ixzz4CeGMrAbO)

Inside a village under siege: How one of the most peaceful corners of England was turned into a state of anarchy by Libyan cadets accused of rape and violence... that left residents in constant fear (http://www.dailymail.co.uk/news/article-2826076/It-couldn-t-tranquil-corner-England-Libyan-cadets-arrived-train-claims-erupted-rape-violence.html#ixzz4CeGfpL2B)



I like this part:



Stealing knives from the kitchen! I heard they had to serve dinner without knives and forks because when they supplied them they just all started fighting and stabbing each other. And what is with them roaming the country side and ass-raping a man? They are barbarians. Animals.

I bet anyone here could answer the question, "What is the religion of Peace". We have been spoon-fed that enough for a lifetime. I heard that all cultures are equal. Yeah, that's the ticket.

I think this is more of a male issue, than a Muslim/Christian issue. Pretty sure men have been raping and assaulting women since the beginning of time.

It's easy to want to blame it on other cultures and religions, but the Western European/American track record isn't so great when we've gone to other regions of the world.

People should do a better job of defending women everywhere - rape and sexual assault anywhere by anyone is sick - but I don't think Americans can take the moral high ground here.

[Juice]

I think this is more of a male issue, than a Muslim/Christian issue. Pretty sure men have been raping and assaulting women since the beginning of time.

It's easy to want to blame it on other cultures and religions, but the Western European/American track record isn't so great when we've gone to other regions of the world.

People should do a better job of defending women everywhere - rape and sexual assault anywhere by anyone is sick - but I don't think Americans can take the moral high ground here.


Yeah but that's not happening now in 2016. We learned from that shitty, horrible behavior.


And Americans aren't angels when it comes to dealing with criminal acts like rape but we don't kill and punish the women involved because they had sex out of wedlock like they do in Muslim countries.

[Snipe]

grain of salt? It's going to take a pound of it to swallow these morsels.

Oh my gawd. This post is preposterously ignorant. Post factual political labeling. The Trump campaign needs you pronto.

The Brit mortgage "analysis" is particularly risible. When German/American/Saudi/Chinese banks withdraw from the Brit mortgage markets because of regulatory and currency chaos, when your middle class Brit borrower who can even find a lender, the interest rate is going to be shocking.

And um if Scotland takes its dwindling North Sea oil and walks.... it will be to the Euro. Whereupon rates at Trumps courses will be ......all fucked up?

Stick to immigrant baiting, your strong suit. Old people eat it up. The young, not so much.

So after all that blather, did you just take me up on the bet I proposed?


Also, on the currency and the Pound, I am not a hedge fund guy into currency arbitrage, so take my opinion with a grain of salt (your chances and your risks are all your own).

But if I had to bet I would bet over the long term that the Pound does better than the Euro, starting from the beginning of the Brexit announcement yesterday. Mostly this has to do with PIGS, and the remaining surplus tax paying nations having to subsidize all those single PIGS welfare mothers.

If anyone wants to bet we can take yesterdays high and I will be you $10 over a year, $20 over 3 years, and $40 dollars over five years. And if the Euro is no longer a currency, I will all three bets as soon it is decommissioned. Now me betting $70 bucks isn't the strongest endorsement, but at least I am willing to put my money where my mouth is and let you pick up one of my bar tabs.

So you are willing to take my bet? It must be like taking Candy from a "preposterously ignorant" baby. Are you willing to put your money where your mouth is and suffer the consequences? We will compare the Pound to the Euro in 1, 3 & 5 years. If the Euro is worth more vs the Pound Sterling the day before Brexit, you will win on each of those dates. If you the Euro is worth less than the Pound Sterling, you will lose on each of those dates. If the Euro ceases to exist, you lose all bets immediately.

Wanna put your money where you mouth is?

London is one of the financial capitals of the world, and it has been for a very long time. This doesn't change that. They will be stronger for leaving the Euro.


https://www.youtube.com/watch?v=Y2iLA3h_u60

The nations not so blest as thee
Must, in their turn, to tyrants fall,
While thou shalt flourish great and free:
The dread and envy of them all.

Rule, Britannia! Britannia, rule the waves!
Britons never, never, never shall be slaves.

[Snipe]

So, "dude": he's an immigrant? An immigrant you like because he looks and sounds like you?

I didn't say that I liked or disliked him. All I did was comment that he wasn't British, which for some reason you had a fanboy orgasm over it. It is like you can have a conversation with yourself just making up my comments, so by all means go ahead.

[Snipe]

I think this is more of a male issue, than a Muslim/Christian issue. Pretty sure men have been raping and assaulting women since the beginning of time.

It's easy to want to blame it on other cultures and religions, but the Western European/American track record isn't so great when we've gone to other regions of the world.

People should do a better job of defending women everywhere - rape and sexual assault anywhere by anyone is sick - but I don't think Americans can take the moral high ground here.

American servicemen have had trouble raping women abroad. I think the sheer size and scale of what is happening in Europe defies a comparison. Did you click Juice's link and look at that map?

Check out the wiki on this:

Rotherham child sexual exploitation scandal (https://en.wikipedia.org/wiki/Rotherham_child_sexual_exploitation_scandal)


An independent inquiry into child sexual abuse in the town, led by Professor Alexis Jay, was established in 2013 for Rotherham Council.[3] The inquiry's initial report, published on 26 August 2014, condemned the failure of the authorities in Rotherham to act effectively against the abuse and even, in some cases, to acknowledge that it was taking place.[4][5][6] The report estimated that 1,400 children had been sexually abused in the town between 1997 and 2013, predominantly by gangs of British-Pakistani men.[7] Abuses described included abduction, rape, torture and sex trafficking of children.[6]


The Home Secretary, Theresa May, blamed the failure of the authorities in Rotherham on "institutionalised political correctness"

They had potentially thousands of white British victims, but the real fear was "giving Oxygen" to racists. They thought if they talked about it that not only would it empower white racists, but somebody might accuse them of the worst thing ever, being racist. So they let their women be raped. You don't deserve to live in a civilized society if you let your mothers, daughters and sisters be systematically raped.

[PM Thor]

Xenophobia is alive and well.

[LutherRackleyRulez]

Best
Brexit
Quote...
Ever!



https://mobile.twitter.com/arusbridger/status/747167000842084356

[Snipe]

Xenophobia-phobia the fear of being called Xenophobic. 1,400 young white girls where groomed and whored out in Rottherham because of Xenophobia-phobia. The officials were so afraid of being called bigots that they just ignored all those young victims.


https://www.youtube.com/watch?v=EuYJdEmXghY

[GuyFawkes38]

Good for Britain. I say that as someone who appreciates the accomplishments of the EU. But the EU has had no democratic checks and balances. That is until last Thursday. This will be a big, necessary wake call.

Let's be honest. Being the financial capital of the world/Europe sucks for natives. It's no big loss to see The City in financial meltdown. I'm all for the Pound dropping. Would love to visit again much more cheaply.

[Emp]

So after all that blather, did you just take me up on the bet I proposed?



So you are willing to take my bet? It must be like taking Candy from a "preposterously ignorant" baby. Are you willing to put your money where your mouth is and suffer the consequences? We will compare the Pound to the Euro in 1, 3 & 5 years. If the Euro is worth more vs the Pound Sterling the day before Brexit, you will win on each of those dates. If you the Euro is worth less than the Pound Sterling, you will lose on each of those dates. If the Euro ceases to exist, you lose all bets immediately.

Wanna put your money where you mouth is?

London is one of the financial capitals of the world, and it has been for a very long time. This doesn't change that. They will be stronger for leaving the Euro.


https://www.youtube.com/watch?v=Y2iLA3h_u60

The nations not so blest as thee
Must, in their turn, to tyrants fall,
While thou shalt flourish great and free:
The dread and envy of them all.

Rule, Britannia! Britannia, rule the waves!
Britons never, never, never shall be slaves.

Britannia, , the colonial prototype. Nostalgia for Empire without the long term costs. The Final night of the Proms is the twisted caricature of that nostalgia.

As for your faux bet on exchange rates.....if you will use the date of the announcement of the referendum, February 20 2016, as the valuation, and will use the exchange rate pound sterling against a basket of the dollar and euro, then sure. A million dollars?

Pounds vs euros is a simplistic measure of the economic consequences of Brexit. But you like labels and simple.

And Britain is not "leaving the Euro". That's so Snipe.

[paulxu]

That is a horrible story about Rotterham. That averaged about 85 girls a year (1,400 over 16 years).
But to relate it solely to immigrants may be too easy and convenient. The study goes back years, and the immigrant push is recent.

We've got our own problems here at home with the same issues:


•The National Center for Missing and Exploited Children conservatively estimates that 100,000 children are exploited each year for prostitution in the United States

Minnesota seems to have a really big problem with it.

http://www.wfmn.org/mn-girls-are-not-for-sale/educate/get-the-facts/

[Snipe]

Britannia, , the colonial prototype. Nostalgia for Empire without the long term costs. The Final night of the Proms is the twisted caricature of that nostalgia.

As for your faux bet on exchange rates.....if you will use the date of the announcement of the referendum, February 20 2016, as the valuation, and will use the exchange rate pound sterling against a basket of the dollar and euro, then sure. A million dollars?

Pounds vs euros is a simplistic measure of the economic consequences of Brexit. But you like labels and simple.

And Britain is not "leaving the Euro". That's so Snipe.

Only a million!? We don't have to bet Emp.

Some of the chatter now is that the Brexit won't happen anyway no matter how the people voted. It could still be a long road to freedom. Ireland voted against the EU and they just made them vote again. Our Elites don't like losing their power.

It is amazing that they can even lose elections in the first place. Calling people racist 50 million times in a row perhaps isn't the best campaign strategy. But that is what they got, so they go for it.

[Snipe]

Good for Britain. I say that as someone who appreciates the accomplishments of the EU. But the EU has had no democratic checks and balances. That is until last Thursday. This will be a big, necessary wake call.

Let's be honest. Being the financial capital of the world/Europe sucks for natives. It's no big loss to see The City in financial meltdown. I'm all for the Pound dropping. Would love to visit again much more cheaply.

London is way too expensive. It would be nice to see it on the cheap. Evensong at Westminster Abbey is free, and a cool sacred space.

[Snipe]

That is a horrible story about Rotterham. That averaged about 85 girls a year (1,400 over 16 years).
But to relate it solely to immigrants may be too easy and convenient. The study goes back years, and the immigrant push is recent.

We've got our own problems here at home with the same issues:


Minnesota seems to have a really big problem with it.

http://www.wfmn.org/mn-girls-are-not-for-sale/educate/get-the-facts/

I can assure you that the Rottherham story has much to do with the Muslim immigrants. Not many have heard about it across the pond. Funny how feminists didn't notice. Rolling Stone can make up a story at a US Campus and feminists start yabbing about "Rape Culture", but show them an actual case where Muslims groom and rape over 1,000 white girls and all you get is crickets. They play for the same team, and that is team liberal. Nothing to see here, move along now.

As for the twin cities, I will look into it. Who do you think is doing it up there? That will be interesting to find.

[Strange Brew]

grain of salt? It's going to take a pound of it to swallow these morsels.

Oh my gawd. This post is preposterously ignorant. Post factual political labeling. The Trump campaign needs you pronto.

The Brit mortgage "analysis" is particularly risible. When German/American/Saudi/Chinese banks withdraw from the Brit mortgage markets because of regulatory and currency chaos, when your middle class Brit borrower who can even find a lender, the interest rate is going to be shocking.

And um if Scotland takes its dwindling North Sea oil and walks.... it will be to the Euro. Whereupon rates at Trumps courses will be ......all fucked up?

Stick to immigrant baiting, your strong suit. Old people eat it up. The young, not so much.

Banks love interest much more than politics. So yeah, the middle class Brit will surely have no problem finding an investor.

I'd love to see Scotland gain its independence. Long live Wallace!

[NY44]

The immigration issue in Europe is contentious, just like here.
But most of the time it is discussed in emotional, not factual terms.
.....

That really is disturbing Juice. It is scary. When your women get raped and you don't do anything about it, your civilization might well be over. And the people that do protest it tend to get arrested. Those people are animals.

Thanks for that Snipe.

[SemajParlor]

I'm going to go ahead and say that sexual abuse and rape of young children is probably not distinctly and uniquely an Islamic problem. I mean, do we really have to provide examples -- especially when it comes to organized religion?

[SemajParlor]

As far as Brexit goes, I have my idealist opinions and beliefs on paper - just don't know enough about the intricacies and the inner workings of the European Union to make many real judgments. Kind of find it silly that people who couldn't name the members of the EU last week are taking these hard lined stances on it. It's ok to plead ignorance sometimes.

[xubrew]

I'm amazed at Snipe's ability to bring the things out of people that he brings out of them.

[Snipe]

I'm amazed at Snipe's ability to bring the things out of people that he brings out of them.

Bringing out the best in people is what I do XUBrew. Emp salivates over every post. NY44 just simply thanks me for my dedicated service. I have a lot of fans.

I am a Great American!

[bobbiemcgee]

I blame trump. (too early?)

[Snipe]

More likely Time Man of the Year Angela Merkel. She invited the Syrians to come to Germany. They came in hordes that overloaded the system. Crimes like rape skyrocketed. She then said every country needed to take their fair share. They got the EU government to threaten to fine countries $300,000 for every refugee they didn't take. The EU was supposed to be a common market with a common currency, and suddenly it was about importing massive numbers of potential savages and rapists and putting them on the public dole.

Amazing that proved to be unpopular.

[Juice]

Britain will grow at a faster rate than Germany and France, the International Monetary Fund (IMF) has said – just weeks after it claimed a vote for Brexit would be an economic disaster.

http://www.breitbart.com/london/2016/07/20/brexit-doom-mongering-imf-admits-britain-will-grow-faster-germany-france/

[Snipe]

http://www.breitbart.com/london/2016/07/20/brexit-doom-mongering-imf-admits-britain-will-grow-faster-germany-france/

The UK was always a tax payer, not a tax taker in the EU. They have net tax payers and they have welfare states that are tax takers.

Of course it is good to shed billions in welfare spending in other EU states, especially when the welfare isn't for traditional Europeans. At some point you might have made a convincing argument that "We are all in this together", but when Angela Merkel keeps violating EU policy by inviting every Syrian alive to come live on European Welfare, nobody else signed up for that.

Imagine if you were allowed a tax cut if you just had to declare that none of your taxes went to welfare families. Who would take advantage of that?

They pitched it to the British People that they could put the struggling NHS, the National Health Service right by ditching the EU welfare state. And people would most likely want to enjoy the fruits of their own bounty.

Our 1965 immigration law said that we wouldn't take "public charges", and a public charge meant someone who was coming here to get on welfare. 85% of first generation Mexican immigrants are on at least one welfare program. And the Mexican fertility rate is higher in the US than it is in Mexico. Why? Because you can afford it. It seems that individual people understand monetary incentives more than our intellectuals do.

Most of the people I know would opt out of welfare taxes. Well, the United States has taken more refugees than every other nation in the world combined.

It is so radical to call for a pause to new refugees? Let the other nations catch up.

[Juice]

The UK was always a tax payer, not a tax taker in the EU. They have net tax payers and they have welfare states that are tax takers.

Of course it is good to shed billions in welfare spending in other EU states, especially when the welfare isn't for traditional Europeans. At some point you might have made a convincing argument that "We are all in this together", but when Angela Merkel keeps violating EU policy by inviting every Syrian alive to come live on European Welfare, nobody else signed up for that.

Imagine if you were allowed a tax cut if you just had to declare that none of your taxes went to welfare families. Who would take advantage of that?

They pitched it to the British People that they could put the struggling NHS, the National Health Service right by ditching the EU welfare state. And people would most likely want to enjoy the fruits of their own bounty.

Our 1965 immigration law said that we wouldn't take "public charges", and a public charge meant someone who was coming here to get on welfare. 85% of first generation Mexican immigrants are on at least one welfare program. And the Mexican fertility rate is higher in the US than it is in Mexico. Why? Because you can afford it. It seems that individual people understand monetary incentives more than our intellectuals do.

Most of the people I know would opt out of welfare taxes. Well, the United States has taken more refugees than every other nation in the world combined.

It is so radical to call for a pause to new refugees? Let the other nations catch up.

All of this on top of Germany suffering their 4th terrorist attack this week as a Syrian refugee tried to blow people up at a music festival. He was denied entry and was able to "only" kill one other person.

[Smooth]

Summer reruns have started, although by a different name. This time it's called Quitaly.