The pound is down and it makes BBC Remain headlines.
The 453 days it has been stronger was not newsworthy. What a total joke they are.
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The pound is down and it makes BBC Remain headlines.
The 453 days it has been stronger was not newsworthy. What a total joke they are.
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Yep. I have been buying Lloyd’s bank shares for nearly a decade. Only £25 a month but it slowly builds. Pre Brexit they were slowly recovering. For the past three years they have dropped in price.
We haven’t even left the EU yet but already it’s causing damage.
I could tell by the nonsensical Sun like headline who created this tread.
He’s got form for outraged over nonsense.
453 days where it looks like the UK is going to leave the EU with a deal negotiated by Theresa May, 1 day where it seems the UK is prepared to crash out with no deal and a Prime Minister still falsely believing in Gatt 24 (or deliberately stating incorrect information). More deal or no deal rather than leave or remain?
How can something be newsworthy when it's dependant on something that will happen in the future? Did you expect yesterday's news to be "Pound still remains less than pre Brexit-vote levels after 453 days, but is stronger today that it will be tomorrow"?
Doesn't reporting that the pound dropped in value today tell you that it was stronger yesterday?
No it wasn't.
I booked euros with Sainsbury's bank about a month before the referendum. I did so because they offered cancellation up to 24 hours before I needed them. I did so thinking that, if the rate did go up, I could cancel and buy again, but had the security that if the pound plummeted as a result of the referendum I could still get a reasonable rate.
The day following the referendum, the rate had dropped below 1.2. I was reading about it on my Facebook feed recently as I posted about it. Pro Brexit supporters talking bollocks that it was just a normal ebb and flow of currency.
I remember working out that I saved around £90 by buying when I did, not after the referendum, though I can't remember how much I actually converted. The guy at Sainsbury's said they had around 3 months business in 1 day the day before the referendum.
Sounds like less people going to want to go abroad so staying in this country putting their money into the British economy rather than the Euro abyss.
Also encourages tourism into Britain bringing in Euros/Dollar/Yen etc.
Also makes British manufactured goods more attractive to foreign buyers boosting exports and making imports more expensive encouraging companies to source goods in this country.
Seems like a decent upside to me.
It's what's been known for years as a currency race to the bottom with governments desperately trying to devalue their ones against others, while simultaneously robbing savers of interest income, especially their main rivals. The pound could easily revert back to its pre-2016 exchange rate value versus the euro by increasing the BoE base rate from its current 0.75% to 2% which is what UK CPI inflation is running at.
All currencies have lost 96%-98% of their purchasing power during the past century by being eroded through the inflation tax, most of it since 1971, because every one of them are backed by precisely nothing, and nothing is their true intrinsic value.
It's telling that the BoE base rate has been stuck under 1% for the past 10 years but had never been below 2% at any time before that since the Bank of England's creation in 1694.
Well that's the idea.
The EU effectively allocated economic activity in different member countries in order to make it difficult for any one country to manage on its own.
Germany got the engineering, France got agriculture and we're supposed to cut each other's hair and deliver pizzas to each other.
We've lost the confidence and ability to do a lot of stuff during the EU period, but it can soon return. What can immediately happen is that Agriculture and the fishing industries can flourish without the constraints of EU policies, as will the secondary economic activities around them.
Let's not forget that our own home market for goods is a considerable one and the sooner we re establish manufacturing the sooner we can profit from that, and at the same time slow the outward flow of money from our economy.
The very first thing we should do after leaving is to encourage people to buy British and help British industry to fulfill that demand.
If the German led power bloc known as the EU want to exclude themselves from a marketplace of sixty million people in their latest historical attempt to dominate Europe , well then so be it, and we must exploit that market place.
Our current politicians are weak and unused to the running of an independent nation so they doubt their ability to do so, and conversely the Germans have forgotten apparently that we might occasionally fail to cringe before their attempts to bully us into submission.
So where are all the factories and infrastructure going to pop up from on November 1st?
Why did manufacturing etc leave our shores? I'm not so sure it was part of an EU master plan, more that other countries (and not EU countries) made stuff cheaper and consumers like cheaper things.
Fair play, there are some very misinformed and deluded Brexiters in this thread.
You think people losing their jobs is a "small price to pay"?
That's an awful opinion. I bet you wouldn't hold it if it was your job. Have some humanity.
Why don't the Brexiters offer to compensate the losers from leaving the EU if they're so convinced it's worth it? Anyone who voted for it should have to contribute towards a compensation fund for the rest of the subjects.
The number of people employed in manufacturing in the U.K. is at its highest level since September 2008.
https://www.ons.gov.uk/file?uri=/emp...a01jun2019.xls
Click on tab 6 and the numbers employed in each sector are tabulated.
It's now about 7% of jobs. In 2008 it was 10% of jobs. How much bigger will it have to become, and how quickly, for us to start fending for ourselves and buying British?
It's nearly the 2020s. We have to start thinking of the world in the 2020s and not how it was in the past. The days of countries manufacturing all their own stuff are gone. If we try it we'll get destroyed by the countries who have hundreds of millions of low paid workers. It really doesn't matter if we like the way the world is, or if we close our eyes and Back Britain with all our might. I daresay the majority of workers in the 18th century didn't like the Industrial Revolution and wanted to go back to living on their farm with their family and not in a dirty smelly tiny house while working 14 hours in a dirty smelly massive factory, but the world changed and you either change too or get left behind.
Well of course they're not going to pop up on November first in time for bonfire night or anything. Whenever we do anything worthwhile in life there's going to be a bit of disruption from the norm and initial inconvenience, but the snags of a transition back into a manufacturing economy are worth it.
As far as your question about the decline of manufacturing is concerned, well that's a very big subject and largely to do with globalism. Now, globalism is intricately connected to the EU, and the EU is the most advanced globalist excersise so far, but for the purpose of the current duscussion I think we must separate it from the issue of Brexit or we'll get very mixed up !
Suffice it to say here that Globalism is the real enemy and that the EU is not only an important bastion of globalism, but the specific one which is stifling our own economy and nation - therefore it is the one which we must overcome first.
I think the problem is that younger people have no adult memory of British sovereignty and so they are naturally wary of the unfamiliar and unknown. The truth is, though, that they'd soon see the advantages of Brexit in the real world and be freed of a lot of restrictions to their lives which they don't yearn for because they've never had them.
You can trust me on this because this is my third posting on this forum and so by now you've had plenty of time to get to know me !
What restrictions are placed on them now?Quote:
freed of a lot of restrictions to their lives which they don't yearn for because they've never had them.
Ronniebird is a brand new account that has made all 4 of his posts today and 2 of them use the word globalist. My advice would be don’t waste your time trying to get a coherent argument out of him.
It’s probably gluey anyway.
Bit uncalled for really.
I used the word globalist in two posting which pertained to globalism. I don't think I mentioned it when I posted about Lee Tomlin, and the gluey reference I presume is an accusation of multi I.d's , but that's not the case.
As you say, I only just joined and in fact made a bit of a joke about that at the end of my previous posting, but I'm dissapointed that I got a personal attack so quickly - I don't think I said anything terrible did I ?
By the way, I assume that you've been appointed as the word police representative here and didn't like the word "globalist" . Are there any other words or parts of the English language which are banned ?
Up yours! RonnieBird speaks sense. China don't have our best interests at heart, their long-term goal is world domination. They were bribing leading politicians who are also on the globalist bandwagon. The USA realised this, and they are seeking to readdress the trade imbalances that would have seen communist China become the dominant superpower.