The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[fatmanfilms]

	Quote:	Odile
	Sorry, can't hear you (Note to self, don't look at EF before logging on).

Well you would not have been able to reply to what you read before logging in, so it would appear that your still capable of telling porkies .

[Phos]

	Quote:	fatmanfilms
	At my death the majority of my estate will go for education in 3rd world countries, in places where people live on less than $1 a day. I think it will make a big difference. It's the main reason that I did not get a Swiss passport as I would loose the possibility due to forced inheritance. What are you going to do with your money at your death?

I'm definitely not going to take it with me. I don't even have to wait until then to help the less fortunate. I spread some help now, not by whining about some misguided political position, but by actually deciding to help with what I can.

I don't need to publicly associate with a political position to try to prove I care about people.

[fatmanfilms]

	Quote:	Phos
	I'm definitely not going to take it with me. I don't even have to wait until then to help the less fortunate. I spread some help now, not by whining about some misguided political position, but by actually deciding to help with what I can. I don't need to publicly associate with a political position to try to prove I care about people.

I was not bothered either way which way the vote went, I always see the world with a glass half full & can adapt to whatever happens. I would be able to make money regardless, however volatility & fear makes it easier for me as I look at the bigger picture, which on balance will always be the right thing to do.

[Jim2007]

Brexit causes resurgence in pro-EU leanings across continent

Not exactly what was expected.... It will be very interesting to see what the impact will be come the winter when the fall off in the pound starts to hit the UK consumers...

[Phos]

	Quote:	fatmanfilms
	I was not bothered either way which way the vote went, I always see the world with a glass half full & can adapt to whatever happens. I would be able to make money regardless, however volatility & fear makes it easier for me as I look at the bigger picture, which on balance will always be the right thing to do.

I am similar. The determining factor of a person's life is what that person does, not what circumstances are imposed on him. In fact, the harder the circumstances and unlikeliness of success, the greater and sweeter that success.

[Uncle Max]

	Quote:	Phos
	The gloom and doom is the futile exercise in rhetoric. I get it that some will stay with that perspective indefinitely. But not all. Others will sieze the opportunity to advance. So yes, you may see a disparity between those who get to work, and those who don't want to.

I hope you're right. Those suffering enough as it is with austerity in their communities - my community - will take comfort from your words. As long as the despair of a hopeless future fades and a breezy, New Great Britain emerges.

	Quote:	fatmanfilms
	At my death the majority of my estate will go for education in 3rd world countries, in places where people live on less than $1 a day. I think it will make a big difference. It's the main reason that I did not get a Swiss passport as I would loose the possibility due to forced inheritance. What are you going to do with your money at your death? Perhaps you don't realise that there are 2 sides to every transaction, 1 winner 1 loser. If you do what every else is doing you will be the loser.

I disagree with this sentiment; I've made great successes in business by having both the company and the client winning. I build great relationships by not ripping others off. Why does anyone need to lose?

[fatmanfilms]

	Quote:	Uncle Max
	I disagree with this sentiment; I've made great successes in business by having both the company and the client winning. I build great relationships by not ripping others off. Why does anyone need to lose?

I was talking about dealings in financial markets, which has nothing to do with an ongoing business relationship.

[Phos]

	Quote:	Uncle Max
	I hope you're right. Those suffering enough as it is with austerity in their communities - my community - will take comfort from your words. As long as the despair of a hopeless future fades and a breezy, New Great Britain emerges.

I wouldn't know what that refers to, although I get the impression the UK is already up the wazoo in free social services that are rarely found elsewhere. In whatever case, I would imagine it is spent from tax revenue, and for it to continue, someone somewhere needs to make money to be taxed. It can't mathematically continue without encouraging people to work and create value, can it?

[marton]

	Quote:	Jim2007
	Brexit causes resurgence in pro-EU leanings across continent Not exactly what was expected.... It will be very interesting to see what the impact will be come the winter when the fall off in the pound starts to hit the UK consumers...

Well UK residents make ca. 60 million visits abroad per year; mostly in the Summer, so I guess they already noticed the currency rates

[fatmanfilms]

	Quote:	marton
	Well UK residents make ca. 60 million visits abroad per year; mostly in the Summer, so I guess they already noticed the currency rates

Many will have bought all inclusive package holidays, paid for months in advance so won't even notice the change.
Of course the £ is worth more today than most of the last 8 years in Europe

[Swisstree]

This is in the Daily mail this morning.

"Swiss bankers are seeking to forge an alliance with London in the wake of Britain’s vote to leave the European Union."

However, I can't seem to find any other reference to this proposed alliance in any of the other papers.

[marton]

	Quote:	fatmanfilms
	If with a 10% drop in currency you can't sell an additional 1% you must be very incompetent. Loads of money to be made here

	Quote:	fatmanfilms
	Many will have bought all inclusive package holidays, paid for months in advance so won't even notice the change. Of course the £ is worth more today than most of the last 8 years in Europe

Ah so!

[marton]

	Quote:	Phos
	The gloom and doom is the futile exercise in rhetoric. I get it that some will stay with that perspective indefinitely. But not all. Others will sieze the opportunity to advance. So yes, you may see a disparity between those who get to work, and those who don't want to.

The end game will be that UK signs a trade agreement with the EU that includes free movement of people plus whatever else the EU wants to include.
So the UK will be in the same position as before Brexit except we will not be in the club so will have no influence over any changes or new rules.

[marton]

	Quote:	Swisstree
	This is in the Daily mail this morning. "Swiss bankers are seeking to forge an alliance with London in the wake of Britain’s vote to leave the European Union." However, I can't seem to find any other reference to this proposed alliance in any of the other papers.

Also was in swissinfo and the ft some days ago

[fatmanfilms]

	Quote:	marton
	Ah so!

10% drop in 2 weeks, higher than 3,4,5,6,7 8 years ago.

The market cycle is about 8 years, looking at short term movements of days, weeks, months or even a single year is irrelevant in the grand scheme of things.

The earth takes a year to revolve around the sun, unless your in farming it's an a meaningless time scale.

[Swisstree]

	Quote:	marton
	Also was in swissinfo and the ft some days ago

Never check Swissinfo. Other papers I get hit with paywalls.

You need to get over to the Newspaper Subscription thread and tell us which papers you subscribe to..

[Phos]

	Quote:	marton
	The end game will be that UK signs a trade agreement with the EU that includes free movement of people plus whatever else the EU wants to include. So the UK will be in the same position as before Brexit except we will not be in the club so will have no influence over any changes or new rules.

That would meet Brexit as it was worded. Additionally, the UK will be able to open trade with the rest of the world, and no longer need to comply with ECJ and other EU regulations.

The influence over changes and new rules is not really worth much, as it has not delivered any results for the UK to date.

[Odile]

	Quote:	marton
	Ah so!

not from where we are standing- that is for sure. But of course we are not financial wizzards How does 2.50CHF to the £ go to 1.20ish relate to that???

[JagWaugh]

	Quote:	Odile
	not from where we are standing- that is for sure. But of course we are not financial wizzards How does 2.50CHF to the £ go to 1.20ish relate to that???

You book your holidays 9 years in advance? I'm impressed.

[fatmanfilms]

	Quote:	Odile
	not from where we are standing- that is for sure. But of course we are not financial wizzards How does 2.50CHF to the £ go to 1.20ish relate to that???

The house you bought in CH will be worth more in £, so although you complain non stop that your income falls, your overall a net winner to date.

If I was uncharitable I would say it was a clever tax avoidance scheme, no doubt many companies will follow your lead