1. #18076
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    Quote Originally Posted by sabang View Post
    Speaking as an ex stockbroker, offshore investment advisor, and asset manager with the requisite MBA, I am pretty certain I have a firmer grip on macroeconomics that than you, Seeking Aslum! .
    One must therefore assume you are simply being a contrarian out of perversity in your continual anti EU attacks.

    The issue is not a difficult one.

    The UK has quit the EU club of 27 member states but it wishes to retain a de facto alignment on the trade of goods and services albeit without accepting any suzerainty by the EU in relation thereto. The EU has, uniquely, offered a nil tariff, nil quota status on the trade of goods in return for full alignment with EU protocols and ECJ primacy in disputes. That is a very generous offer by any measure, certainly no other third country has had this. But on doctrinal grounds the right wing Brexit Tory fanatics insist no such strings should be attached, at all.

    The UK under any analysis will suffer grievously if it leaves the EU on WTO terms and without an agreement. The EU will not.

    Again, as has been said many times before, there is no discernible benefit to the UK in the Brexit. Not socially, not economically, not politically, not judicially, not by any token.

    So, I ask again, what is it that Britain now proposes to sell to the world that it couldn't sell before quitting membership of the EU?
    Last edited by Seekingasylum; 03-03-2020 at 05:16 PM.

  2. #18077
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    Quote Originally Posted by sabang View Post

    On matters of Sovereignty however, a pretty firm line needs to be drawn.
    I rather thought this nonsense had been put to bed some time ago, certainly when David Davis conceded that sovereignty had fuck all to do with Brexit in any meaningful terms. It was always a UKIP propaganda trope to hoodwink the lower end but it seems that it is being resurrected by Goebbels Cummings in his campaign to destroy alignment.

    The thing is, can you give me ten instances over the past three decades when HMG reversed a decision on domestic or foreign policy on instructions from the EU commission acting on the instructions of th EP.

  3. #18078
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    Again, as has been said many times before, there is no discernible benefit to the UK in the Brexit. Not socially, not economically, not politically, not judicially, not by any token.
    An opinion, plain and simple. Not shared by the majority who voted Brexit (twice, actually)!

    The UK is the 10th largest exporting economy in the world- and that does not include Ļnvisibles"- think the City. So saying that they cannot sell anything to ROW is obviously nonsense.
    When you think of exports, you probably think of cars & such. You do not think of things such as Rio Tinto, one of the worlds largest miners, BP, BAE, or HSBC, Lloyds etc.

    Following is an overall view of trade statistics from the OECD. The fact that the UK runs a trade deficit is because Invisibles, such as the massive banking and finance sector, are not counted:-

    The United Kingdom is the 10th largest export economy in the world and the 11th most complex economy according to the Economic Complexity Index (ECI). In 2017, the United Kingdom exported $395B and imported $617B, resulting in a negative trade balance of $222B.

    In 2017 the GDP of the United Kingdom was $2.62T and its GDP per capita was $43.3k.The top exports of the United Kingdom are Cars ($45B), Packaged Medicaments ($18.4B), Crude Petroleum ($17.8B), Gold ($16.1B) and Gas Turbines ($14.6B), using the 1992 revision of the HS (Harmonized System) classification.
    Its top imports are Cars ($45.5B), Gold ($34.3B), Crude Petroleum ($19.1B), Refined Petroleum ($18.3B) and Packaged Medicaments($17.6B).

    The top export destinations of the United Kingdom are the United States($45.2B), Germany ($38.6B), the Netherlands ($24.9B), France ($24.8B) and China ($21.9B). The top import origins are Germany ($90.3B), China($58.9B), the Netherlands ($47B), the United States ($46.6B) and France($36B).

    https://oec.world/en/profile/country/gbr/


    So again, the UK is no minnow. Saying what on earth can it sell to the rest of the world hardly matters, when it is doing just that extensively, and also has massive investments internationally and the worlds largest financial centre (or maybe 2nd to NYC).

    Seriously, I think your arguments are tinged with hysteria and a certain lack of knowledge about what the UK already exports.
    Last edited by sabang; 03-03-2020 at 05:45 PM.

  4. #18079
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    I actually think you are a wee bit stupid.

    So, eschewing argument and pullleasse stop with cut'n paste crap already, what is it that Britain is now going to sell that it couldn't sell before Brexit.

    The passporting of financial services by the City within the EU brought in around £30 billions annually and the unfettered trade environment boosted a market for Britain's manufacturing export businesses amounting to over 48% of the total output of that sector accounting for 10% of GDP.

    So, there we have it, looking at just two sectors alone we see that a Brexit has jeopardised annual trade worth over £120 billions risking losses that cannot be offset from any other activity, global or domestic.

    Essentially, a close alignment deal with the EU will save jobs, bolster the currency, reinvigorate FDI and ensure some stability.

    No deal=a disaster.

    The EU will simply look on and shake their heads.

    BMW exports 9% of its product line to the UK but given its market share is derived from demand for a premium product not price sensitive, I rather think the Brit consumer will suck up th 10% duty that will be added post WTO Brexit.

    Britain's food processing, fishery and agriculture will hover be decimated when the 30% tariffs get slapped on.

    The EU can live without Britain but vice versa its death for England and I say that because there is no way NI and Scotland will stay post WTO Brexit.

    I can see £ at a $1US for sure next year.

  5. #18080
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    I actually think you are a wee bit stupid.
    Coming from a retired civil servant spluttering his spleen away from a bar stool in Pattaya, that really means something.
    You are an ignoramus and a serial under-achiever filled with his own bitterness, in a world that pays you no attention.
    I simply cannot be bothered bickering with you, Seeking Aslum. You have already found your slum, actually it goes wherever you do.
    I do feel a bit sorry for you, but you are boring. So, again-
    When the shouting is over, you will see. Remind me then if I was wrong or right.
    'Bye

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  7. #18082
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    Quote Originally Posted by sabang View Post
    Coming from a retired civil servant spluttering his spleen away from a bar stool in Pattaya, that really means something.
    You are an ignoramus and a serial under-achiever filled with his own bitterness, in a world that pays you no attention.
    I simply cannot be bothered bickering with you, Seeking Aslum. You have already found your slum, actually it goes wherever you do.
    I do feel a bit sorry for you, but you are boring. So, again-

    'Bye
    So, from this must I assume you cannot answer my question, yes?

  8. #18083
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    come on girls, let's not get emotional over this

    yes Brexit is a stupid idea, but the UK didn't belong to the club in the first place, so it's back to a normal situation

    the problem with Boris and friends is they want to play 'tough guys' like Maybot did in the beginning basically bringing a simple knife to a gun fight

    the UK attitude is shit, it has been said before, and it will continue as is. Maybot was covering up the whole situation until it blew into her face. Boris might actually get things done but how much influence does it have with the rest of his masters.

    He is a survivor and will need to do a 180 to save all this,

    basically surrender to his knees to all EU demands

  9. #18084
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    Butters, it's not some dialectally disputed perturbation in perceptual analysis, Brexit is the equivalent of a fart in a space suit and anyone supporting it is by definition either an ignoramus or stupid.

    The question is, just how many ways can one express it?

  10. #18085
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    Quote Originally Posted by Seekingasylum View Post
    Butters, it's not some dialectally disputed perturbation in perceptual analysis, Brexit is the equivalent of a fart in a space suit and anyone supporting it is by definition either an ignoramus or stupid.

    The question is, just how many ways can one express it?
    England is something unique and of its own, it can't be part of any group or complex organisation, it's simply not part of its DNA

    yes, some of you have fully integrated with the EU, and that's great, but in majority, that proud Britania is still there (sabang is a perfect example despite living overseas all his lfe)

    there is a strong cultural identity, and yes your influence within the EU was very significant for those who had a chance to see it, but the majority never did.

    Is the majority wrong for this? it's not, they are simply ignorant. I understand the anger for remainers and it's warranted, but the Brexiters have a better and bigger argument, the preservation of their English identity, because that's all it is about at the end.

    I suspect Boris is playing on this to gain time and 'appease' his followers, and will do the ultimate betrayal on the 11th hour by yielding everything to the Germans and Barnier.

    Win/Win for everyone, because we really need the UK even if they think they can survive on their own.

  11. #18086
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    Why do you insist on this 3% GDP bullshit. Some countries principally the ones that count or in other words the ones that finance the hangers on have a very favourable trade balance with Britain, the hangers on dont matter. BTW with most of the EU at the moment that 3% is the difference between minor growth and recession.

  12. #18087
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    Can you put that into English?

  13. #18088
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    Perfectly understandable for people whose first language isn't retard.

  14. #18089
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    Quote Originally Posted by Seekingasylum View Post
    It is implicit in any discussion involving Brexit and its stupid constituency of the dull-witted and ignorant, that anything dismissive of their cause is mere opinion and everything deriding or criticising the EU and Britain's membership thereof is evidence based, scientific study proving a truism that is as incontrovertible as, say, day follows night.

    Truly, they are the dimmest tribe to emerge from the English lower end.

    Interesting though that Auerbach ( Asia Times above) should agree with my perception that Brexit was but a a Trojan horse used to destroy the old order and to re-fashion Britain into a new economic force. The rest of his thesis is rubbish. BoJo has no sense of statesmanship, has no doctrine of his own and certainly has no interest in anything as mundane as day-to-day governance. He is a sly buffoon obsessed by his own pathological need to be admired who deflects criticism by invoking a faux Churchillian gravitas garbed in an affected boyish charm.

    BoJo is in truth an empty vessel driven by ambition for its own sake but is also riven with doubt and insecurity. Have you noticed whenever he is making a statement or answering some invitation to elucidate on an issue he almost always ends up in delivering scarcely coherent waffle interspersed with frequent hesitations as he searches in his mind for the mot juste. The reason for this inarticulacy is really not that difficult to fathom - despite his brains, his education and his social milieu, BoJo has no inner convictions, he has no cornerstone on which to found a dogma that he might develop into a system worthy of support, he has no belief system that informs his behaviour. In short, BoJo is very much a psychopath and he simply does not care for others or their lives, he is only interested in winning approbation for himself but the satisfaction he gains from this is ephemeral and in his sickness he has nothing of substance with which to sustain his victories. His speech is never from the heart nor is it the truth - he approximates all the time and is forever self censoring his thought patterns so that what he finally does say is what he thinks others might say if they were in his position. And in the end he almost inevitably falls into generalisations, cliche and hackneyed phrases, his inimitable piffle waffle patter.

    The truth of the matter is that Britain is now a vehicle for Hedgefunders'RUs and corporate snake oil salesman carpetbaggers who have found in BoJo the perfect circus clown to lead a vacuous public down the path away from democratic social conservatism into the land of centrist manipulated laissez faire jungles where the tax payer will subsidise the profits of the corporate elites. Auerbach loves this crap but he seems to have missed the joke about the North/South divide being levelled - the only levelling to be done will be the level of debt soon to be shared by all, hugely, except the northerners will be buying a pig in a poke.
    Total lack of factual information. Just you, cherry picking others opinions that somehow suit your narrative.

    You undermine the voters and the current government leadership, based on personal hatred and another absence of factual evidence.

    Reparting your personal hatred of people and governments that disagree with your opinion is not evidence or facts. It’s quite simply boring repetition and, quite frankly laughable, given your straitened personal circumstances.

  15. #18090
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    Quote Originally Posted by Seekingasylum View Post
    I can see £ at a $1US for sure next year.
    posted by you on 3 March 2020, having posted the same repeatedly since 2016.
    It is now and always was, total nonsense, illiterate financial opinion, not based in reality or fact. Wishful thinking for the hard of thinking with a nasty personal agenda.
    IT WILL NEVER EVER HAPPEN. Numbnuts.

  16. #18091
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    Quote Originally Posted by Switch View Post
    posted by you on 3 March 2020, having posted the same repeatedly since 2016.
    It is now and always was, total nonsense, illiterate financial opinion, not based in reality or fact. Wishful thinking for the hard of thinking with a nasty personal agenda.
    IT WILL NEVER EVER HAPPEN. Numbnuts.
    Saved for posterity.

  17. #18092
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    Poor Chas, the prospect so fills him with dread he can barely even think of it.

    The point I made, and it is one echoed by many others including market traders and the banking cognoscenti, is that if BoJo's cabinet contrives a WTO Brexit in which the UK becomes a third country without any legacy EU benefits then it is almost certain NI will take steps to re-unite with Ireland and Scotland will move to independence. The systemic shock of the union's imminent fracture coupled with an almost immediate loss to the economy of around £100 billions annually will spook the currency markets and a £ at $1.10 is forecast by most pundits. That rate in effect will mean in practice £ - $ parity for most lay people.

    Anyone who cannot accept that outcome as a concomitant to WTO Brexit is at best a sclerotic ostrich with its head up its arse or an idiot.

    Not too long ago it was Tory policy to closely align with the EU so as to preserve market share protecting Britain's manufacturing, financial, transport, agricultural/fishery and food processing sectors, and the GFA. It was implicit in drafting the Withdrawal Agreement that this policy would persist substantively when it came to agree the protocols before th expiry of the transition period. That policy has been ripped up and replaced by a scorched earth scenario in which the Brexit fanatics who now have control want all the benefits of the EU membership without any of the obligations that go with them or they will walk away into third country WTO status.

    The EU are clear in their response to this new British strategy: it will be rejected, unanimously, by the member states and BoJo will be sanctioned for his breach of the agreement as it related to NI.

    The only question is - will BoJo and his Orcs shrink back from their blustering bullshit brinkmanship or will the fanatics ensure Britain tips over the precipice.

    The markets have already given their verdict, Chas, and it now remains to be seen whether or not the crazies win the day and Britain devalues its currency by another 20%.


    .

  18. #18093
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    Quote Originally Posted by Seekingasylum View Post
    Butters, it's not some dialectally disputed perturbation in perceptual analysis, Brexit is the equivalent of a fart in a space suit and anyone supporting it is by definition either an ignoramus or stupid.

    The question is, just how many ways can one express it?
    I’m sure you have attempted every trick possible, including verbose gobbledegook, none of it has worked, no matter how many times you repeat yourself. You insist on reminding everyone, just how perverse you can be.

  19. #18094
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    So, what does Britain propose to sell to the world after Brexit that it was not permitted to sell before it quit membership of the EU?

    Given that a miscellany of observers, including government analysts, have universally stated that Britain's increased trade with the US post Brexit will amount to an uptick of 0.16% of GDP, to whom else will Britain sell in order to make up the expected shortfall from reduced EU trade of around £60 billions, a sum that is predicated on a negotiated exit?

    Got the answers, Chas? Your time to speak up with as many 'Brexit' facts as you can muster.

  20. #18095
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    Quote Originally Posted by Seekingasylum View Post
    Poor Chas, the prospect so fills him with dread he can barely even think of it.

    The point I made, and it is one echoed by many others including market traders and the banking cognoscenti, is that if BoJo's cabinet contrives a WTO Brexit in which the UK becomes a third country without any legacy EU benefits then it is almost certain NI will take steps to re-unite with Ireland and Scotland will move to independence. The systemic shock of the union's imminent fracture coupled with an almost immediate loss to the economy of around £100 billions annually will spook the currency markets and a £ at $1.10 is forecast by most pundits. That rate in effect will mean in practice £ - $ parity for most lay people.

    Anyone who cannot accept that outcome as a concomitant to WTO Brexit is at best a sclerotic ostrich with its head up its arse or an idiot.

    Not too long ago it was Tory policy to closely align with the EU so as to preserve market share protecting Britain's manufacturing, financial, transport, agricultural/fishery and food processing sectors, and the GFA. It was implicit in drafting the Withdrawal Agreement that this policy would persist substantively when it came to agree the protocols before th expiry of the transition period. That policy has been ripped up and replaced by a scorched earth scenario in which the Brexit fanatics who now have control want all the benefits of the EU membership without any of the obligations that go with them or they will walk away into third country WTO status.

    The EU are clear in their response to this new British strategy: it will be rejected, unanimously, by the member states and BoJo will be sanctioned for his breach of the agreement as it related to NI.

    The only question is - will BoJo and his Orcs shrink back from their blustering bullshit brinkmanship or will the fanatics ensure Britain tips over the precipice.

    The markets have already given their verdict, Chas, and it now remains to be seen whether or not the crazies win the day and Britain devalues its currency by another 20%.


    .
    lol. You are so wrapped up in this perpetual fantasy of yours that you have actually started to believe your own, head in the sand stupidity.

    The UK existed for centuries, without the stranglehold of a socially engineered superstate. No reason at all that it cannot get by successfully without such stifling impediments in the future. The EU is in no position to stop the UK from trading with those who wish to do business. Merkel won’t allow it, and Macron can’t to afford not to.

    You are a stupid old tosser and an anachronism to boot.

  21. #18096
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    I rather think you have yet to understand what Brxit means.

    The UK is withdrawing from an association of 27 member states offering unfettered free trade and is proposing to return to a system of negotiated tariffs and quotas in lieu.

    This is of course a retrograde step to anyone with a functioning brain but I shall ask again, what is it that Britain NOW proposes to sell globally that it could not before Brexit?

    No one is disputing the fact that trade will continue but it will be under less favourable terms, obviously.

    It is stated UK government policy to abandon the principle of frictionless trade with the EU in favour of global commerce. The question is, what will constitute that new global commerce that could not be conducted before Brexit and what will it comprise post Brexit.

    Let us have your constructive response Chas and less of the ad hominem abuse.

    Har, har.

  22. #18097
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    Poor chap is probably still working out what the question means.

    They are a bit slow, aren't they.

  23. #18098
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    Quote Originally Posted by Seekingasylum View Post
    less of the ad hominem abuse.
    This will delay him considerably.

  24. #18099
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    Quote Originally Posted by cyrille View Post
    This will delay him considerably.
    ...

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    Not biting. Too busy enjoying a real life.

    I cannot deny that your wild assumptions, predictions and opinion based commentary is indeed highly amusing.

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