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Brexiteers meet realty...l
#31
I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other
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#32
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.
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#33
Brexit looks less likely with each passing week. Parity with the Euro is next which will help tourism into the country but could spell another bout of inflation.
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#34
   
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#35
If you go back about 7 years it was close to parity then.
I moved a load of Euro's into sterling before moving them back a couple of years later Big Grin
Not sure I'm so confident this time it'll bounce back as quickly
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#36
(08-11-2017, 07:21 AM)Pontificator Wrote:
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.
The banks should've been let go. 
There's a good read today as it happens

https://www.theguardian.com/commentisfre...SApp_Other

Verhofstadt tells em once again
You can't have yr cake n eat it

"To be in & out of the Customs Union & "invisible borders" is a fantasy. First need to secure citizens rights & a financial settlement"
Reply
#37
(08-11-2017, 07:21 AM)Pontificator Wrote:
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.

One of the main problems with Theresa is that before becoming PM she hadn't had one of the top two jobs either in government or as shadow.
Reply
#38
(08-15-2017, 04:30 PM)Donegal Wrote:
(08-11-2017, 07:21 AM)Pontificator Wrote:
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.
The banks should've been let go. 
There's a good read today as it happens

https://www.theguardian.com/commentisfre...SApp_Other

Verhofstadt tells em once again
You can't have yr cake n eat it

"To be in & out of the Customs Union & "invisible borders" is a fantasy. First need to secure citizens rights & a financial settlement"

That article says nothing about the letting the banks fail. Its gone right over your head. What bank were you in? Say your salary had been paid into RBS or Nat West what the fuck would you have done with no fucking money????????
Reply
#39
(08-15-2017, 07:17 PM)Pontificator Wrote:
(08-15-2017, 04:30 PM)Donegal Wrote:
(08-11-2017, 07:21 AM)Pontificator Wrote:
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.
The banks should've been let go. 
There's a good read today as it happens

https://www.theguardian.com/commentisfre...SApp_Other

Verhofstadt tells em once again
You can't have yr cake n eat it

"To be in & out of the Customs Union & "invisible borders" is a fantasy. First need to secure citizens rights & a financial settlement"

That article says nothing about the letting the banks fail. Its gone right over your head. What bank were you in? Say your salary had been paid into RBS or Nat West what the fuck would you have done with no fucking money????????
That one doesn't
This one does
https://www.theguardian.com/commentisfre...nk-bailout

It must have gone over Paul Tucker's head too....he says banks should be allowed to fail. I don't see it as a particularly controversial point.
Reply
#40
(08-15-2017, 08:13 PM)Donegal Wrote:
(08-15-2017, 07:17 PM)Pontificator Wrote:
(08-15-2017, 04:30 PM)Donegal Wrote:
(08-11-2017, 07:21 AM)Pontificator Wrote:
(08-10-2017, 10:19 PM)Donegal Wrote: I'm with Proth on the banks issue tho for different reasons- capitalist bastards keeping the profits and nationalising the losses

Here's a good take from Barry Eichengreen, the last 3 paras very telling

https://www.theguardian.com/business/201...SApp_Other

Gordon Brown saved the world when he was prime minister and the crisis developed. He was able to do this because  of his considerable experience as Chancellor for 10 years and the contacts that he had around the globe. He was never given credit for this as was pointed out a couple of days ago on the anniversary of the beginning of the credit crunch and the failure of northern rock.  It is absurd to imagine what would've happened if a substantial number of banks had failed. People would've had no money, no access to money - can't you see that.  Don't you remember what happened when northern rock was in trouble and people queueing outside branches to get their money. That would've been repeated in towns and cities across the world - utter and complete chaos. 

Of course economists were right about Brexit and every day that goes by you are seeing a disaster unfold. More than two thirds of the MPs in Westminster must be contemplating some kind of action to prevent Brexit but are complete conflicted. The two main parties  have been hijacked by their ideological fringes as James Chapman put it this morning. The financial future and the reputation of our nation must be put before party interests and careers.
The banks should've been let go. 
There's a good read today as it happens

https://www.theguardian.com/commentisfre...SApp_Other

Verhofstadt tells em once again
You can't have yr cake n eat it

"To be in & out of the Customs Union & "invisible borders" is a fantasy. First need to secure citizens rights & a financial settlement"

That article says nothing about the letting the banks fail. Its gone right over your head. What bank were you in? Say your salary had been paid into RBS or Nat West what the fuck would you have done with no fucking money????????
That one doesn't
This one does
https://www.theguardian.com/commentisfre...nk-bailout

It must have gone over Paul Tucker's head too....he says banks should be allowed to fail. I don't see it as a particularly controversial point.

Are you being deliberately dim? what happens when the banks close their doors, shut down the direct debits and the cash machines - how do you pay bills and buy food?
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