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

[Brianzoeu]

	Quote:	Urs Max
	Duno about CA and AUS, but the US are financing their GDP growth by typical deficit spending, just this time they print greenbacks as if there was no tomorrow. Federal debt is going through the roof and as a result, next time the sh1t hits the fan there won't be any additional means to dampen the fall, but why would a billionaire care. Interesting times ahead.

US debt to GDP is at a high 105%, but government spending is just 38%. One thing is when you have a high debt and low credibility, another thing is when you have a high debt but owns the currency of the world.

[Brianzoeu]

	Quote:	Troublawesome
	The best thing I ever did on this forum was to ignore the posts from Loz and stlemans. Mostly garbage, provocative and borderline trollish. Found there's 0 value to keep reading them and slightly annoying, so now they are filtered. I suggest you do the same rather than try to make sense of what Loz is spouting these days.

I find their posts well-founded and synthetic, nothing garbage about them. If you can't handle the contradictory or challenge their ideas but appeals for insults, then you lost your reason.

Please Loz193 and stlemans, keep posting, my "Thanks" is awaiting.

[k_and_e]

	Quote:	Troublawesome
	The best thing I ever did on this forum was to ignore the posts from Loz and stlemans. Mostly garbage, provocative and borderline trollish. Found there's 0 value to keep reading them and slightly annoying, so now they are filtered. I suggest you do the same rather than try to make sense of what Loz is spouting these days.

Say the forum member with an unworthy reputation.

[Ouchboy]

	Quote:	Brianzoeu
	I find their posts well-founded and synthetic, nothing garbage about them. If you can't handle the contradictory or challenge their ideas but appeals for insults, then you lost your reason. Please Loz193 and stlemans, keep posting, my "Thanks" is awaiting.

you also think climate change is a scam...so there's that.

[baboon]

	Quote:	Troublawesome
	The best thing I ever did on this forum was to ignore the posts from Loz and stlemans. Mostly garbage, provocative and borderline trollish. Found there's 0 value to keep reading them and slightly annoying, so now they are filtered. I suggest you do the same rather than try to make sense of what Loz is spouting these days.

Suggest you add Brianzoeu to that list.

[lewton]

Let them eat sovereignty.

[Jim2007]

	Quote:	Brianzoeu
	US debt to GDP is at a high 105%, but government spending is just 38%. One thing is when you have a high debt and low credibility, another thing is when you have a high debt but owns the currency of the world.

More BS, look if you want to continue this, get a few pointers for Loz1983, at least some of his stuff sounds a bit credible at times!

According to the US Treasury:
- Japan reduced its US treasury bills by US$18.4 billion to US$1.03 Trillion.
- Russia reduced its US treasury bills by US$14.9 billion to US$96.1 billion.
- China reduced its US treasury bills by US$4.4 billion to US$1.18 trillion.
- Turkey reduced its US treasury bills by 42% to US$28.8billion.

Were any of those countries to stop buying US treasures for some reason, the US would have a major problem, to put it mildly. One good reason for not buying treasures would be if their trade surplus was to evaporate due to a trade war for instance. Oh Donald, about that trade war....

Another issue would be if OPEC decided to start trading oil in Sterling or Euros as the dollar declines as a reserve currency.

We'll just have to wait and see if the Donald is as good at self inflicted injury as the BREXITEERS....

[greenmount]

	Quote:	lewton
	Let them eat sovereignty.

Marie Antoinette, is it you?

[fatmanfilms]

	Quote:	Jim2007
	Another issue would be if OPEC decided to start trading oil in Sterling or Euros as the dollar declines as a reserve currency.

There was a lot of talk 15 years ago of oil being priced in Euros, it went very quiet after the shit hit the fan with Greece. In the end the USD is the world currency for a good reason, it's one of the top 3 currencies for holding its value along with the CHf & GBP. You will recall Germany has defaulted in debt in the past as have many of the member countries.

Well fancy, that! Yet another Tory Brexit campaigner found to be a fraudster.
You know, that Hannan who said no, one, but no-one, was talking about leaving the single market and the customs union. Yes, that one

Daniel Hannan's MEP group told to repay €535,000 in EU funds

BoJo is being sued too, for his blatant lies on a Big Red Bus- you remember that one, don't you - Looks like he has had a haircut for nothing ...

Farage did look grey and broken today, and 20 years older.

[22 yards]

	Quote:	fatmanfilms
	There was a lot of talk 15 years ago of oil being priced in Euros, it went very quiet after the shit hit the fan with Greece. In the end the USD is the world currency for a good reason, it's one of the top 3 currencies for holding its value along with the CHf & GBP. You will recall Germany has defaulted in debt in the past as have many of the member countries.

Solid as a rock, that GBP...

[Jim2007]

	Quote:	fatmanfilms
	There was a lot of talk 15 years ago of oil being priced in Euros, it went very quiet after the shit hit the fan with Greece. In the end the USD is the world currency for a good reason, it's one of the top 3 currencies for holding its value along with the CHf & GBP. You will recall Germany has defaulted in debt in the past as have many of the member countries.

The US figures show they Dollar is loosing ground, the preferred solution is to hold a wide range of currencies now. Trump and BREXIT made it so.

[marton]

	Quote:
	Well fancy, that! Yet another Tory Brexit campaigner found to be a fraudster. You know, that Hannan who said no, one, but no-one, was talking about leaving the single market and the customs union. Yes, that one Daniel Hannan's MEP group told to repay €535,000 in EU funds BoJo is being sued too, for his blatant lies on a Big Red Bus- you remember that one, don't you - Looks like he has had a haircut for nothing ... Farage did look grey and broken today, and 20 years older.

Some links!

Bojo

Daniel Hannan

Amongst other claims it is alleged Daniel used EU money to set up post Brexit UK networks! told to repay €535,000

In addition to being told to repay €535,000, the EU are withholding ca. €180K.

[marton]

	Quote:	Brianzoeu
	US debt to GDP is at a high 105%, but government spending is just 38%. One thing is when you have a high debt and low credibility, another thing is when you have a high debt but owns the currency of the world.

US debt increased in November by $205 Billion, increased by 48% over November 2017.

	Quote:
	Donald J. Trump@realDonaldTrump NATIONAL DEBT January 2009 = $10.6 TRILLION August 2016 = $19.4 TRILLION

And now after almost two years of Trump; November 2018 National Debt $21.8 Trillion

[Brianzoeu]

	Quote:	Ouchboy
	you also think climate change is a scam...so there's that.

Yes, I think for myself... I analyse, compare, and reach my own conclusions. You on the other hand probably believe in everything you read and hear from the corrupt media. Congrats.

[Brianzoeu]

	Quote:	baboon
	Suggest you add Brianzoeu to that list.

Says the one who can't discuss with arguments.

[Brianzoeu]

	Quote:	Jim2007
	More BS, look if you want to continue this, get a few pointers for Loz1983, at least some of his stuff sounds a bit credible at times! According to the US Treasury: - Japan reduced its US treasury bills by US$18.4 billion to US$1.03 Trillion. - Russia reduced its US treasury bills by US$14.9 billion to US$96.1 billion. - China reduced its US treasury bills by US$4.4 billion to US$1.18 trillion. - Turkey reduced its US treasury bills by 42% to US$28.8billion. Were any of those countries to stop buying US treasures for some reason, the US would have a major problem, to put it mildly. One good reason for not buying treasures would be if their trade surplus was to evaporate due to a trade war for instance. Oh Donald, about that trade war.... Another issue would be if OPEC decided to start trading oil in Sterling or Euros as the dollar declines as a reserve currency. We'll just have to wait and see if the Donald is as good at self inflicted injury as the BREXITEERS....

You vomit a bunch numbers that don't challenge my statement. You just play on team of the haters .

The dollar did fell as a reserve currency among central banks but it's still more than 60% of total global reserves, compared to a mere 20% of the EURO or 5% of the Sterling. Add to it that the Euro zone is unstable, (just look at Greece and Italy) thus making it less credible as a reserve currency. If you were a central bank, would you gamble or be safe?

[Brianzoeu]

	Quote:	marton
	US debt increased in November by $205 Billion, increased by 48% over November 2017. And now after almost two years of Trump; November 2018 National Debt $21.8 Trillion

Debt to GDP in 2017 was lower than it was in 2016, so relatively it's in a decline .

[Brianzoeu]

Go Britain! With Trump remaining until 2024, the Tories reorganizing to reap the benefits of being independent from united socialist federation of Europe, Bolsonaro in Brazil assuming in 2019, and Canada returning to their Tories, I foresee a decade of strong growth (but only after the next big financial crises ).

[Urs Max]

	Quote:	Loz1983
	Good read here: Brexit is a fight for the very sovereignty of our nation

When you decide to marry or otherwise limit your personal freedom it's a free decision, a sovereign decision. Staying in that marriage and keep being restricted is just as much a sovereign decision (as is deciding to divorce). Likewise is being a member of the EU (or leaving).

Of course there are consequences in both cases, drawbacks accompanied by perks whether it's about staying married/Remain or not. Yet neither is more sovereign of a decision than the other.