pc39

Following Brexit, I understand that Nicola Sturgeon, the Scottish leader, is having Hadrian's Wall rebuilt in order to keep out the hordes of desperate Englishmen who are fleeing Boris Johnson's Brexit England.

pc39

Crwiwy Loc: Devon UK

Or to keep the scots in who do want to leave the collapsing european union?

Texcaster Loc: Queensland

The exit leaders are running for cover much like Trump will do.


from link

"Brexit leaders are walking back some of their biggest promises"

http://www.chicagotribune.com/news/nationworld/ct-brexit-leaders-20160626-story.html#nt=oft07a-4gp1

pc39

Good morning Crwiwy

My information is that the majority of Scots wish to remain in the European Union.

pc39

pc39

Hi Texcaster

I rather fancy there will be some pigeons coming home to roost following the vote. £Sterling has nosedived and you don't need to be an economist to work that one out - particularly when the UK has an enormous trading deficit.

I understand that Nicola Sturgeon is following the example of the Canadian Government which is having a wall built on the US/Canadian border to keep out all those desperate American refugees who are fleeing Trump's America.

pc39

Szalajj Loc: Salem, NH

The UK must have predicted this move years ago, when they chose to remain with their £ Sterling Currency, rather than convert to the € Euro.

At least it's one less headache they have in their favor, as they begin to untangle themselves from the European Union with regards to trade agreements and other regulations.

The EU was originally formed to shore up the economies of several of the smaller countries that are currently members of the EU. But the economies of some of it's larger members in recent years has put a huge financial strain on the EU.

When you have countries whose residents feel they are entitled to LARGE percentages of government subsidies, for everyday living, instead of finding ways of supporting themselves by finding work, or starting their own businesses as entrepreneurs, you have a national economy that is doomed to fail.

Then, add to that mix, the huge volume of international refuges that have flooded into Europe due the the crisis in the Midle East. Now you are seeing several EU member Governments that are starting to reevaluate their current role in the EU, and their potential for going it alone. The countries that will be hurt the worst if the EU disolves in the long run, are the small countries with weak economies, and those that don't have much in the way exports to support their economy, or much to offer in the way of tourism.

The UK move may be just the first of many European country exits and the end of the EU, as we know it today.

But, what really needs to be closely monitored is the Russian military movements along the Russian Western borders. I'm getting a feeling that Russia is flexing their muscles in a strategy to repeat their invasion strategies from both World War I, and World War II. But in the current mix are Nuclear Weapons that they didn't have the last time around.

The World Financial Markets will recover over time, as long as Russia doesn't make any more border moves. But if they do make any border moves, then all bets are off.

ken hubert Loc: Missouri

Since a falling Sterling will make British products cheaper to buy, that will help them decrease their deficit. You should have learned that in school but since you didn't it's safe to say you have no knowledge of economics.

I wish the Canucks would hurry up and finish that wall. I'm tired of them coming down here to get healthcare.

Frank T Loc: New York, NY

Believe me, the last thing the Canadians need is USA Healthcare. In fact most of them won't come into the USA without buying Health Insurance for the trip.
You may not like the system but their system sure as hell works better than ours.
You may remember Sarah Palin admitting that she often crossed into Canada for her healthcare needs.
The other news is they may be building a wall after all, but that's only to keep Americans out, not Canadians in.

ken hubert Loc: Missouri

You must live in a fantasy world Frank. All the Canucks that I'm friends with come here to get major health care such as surgery done here while they use their system for all the minor stuff like colds, flu, etc. They don't like waiting months and years for major surgery.

SBW

You idiot, that is a stinking lie.

ken hubert Loc: Missouri

You forgot that's Frank, an habitual liar.

WNYShooter Loc: WNY

LOL, do you understand why there are so many medical imaging and testing facilities here in Western New York--you know, the area which borders the most populated section of Canada? How about why there are also so many Medical Specialists here in WNY? I know my Surgeon absolutely loves the Canadian health system, tells me almost a 1/3rd of his practice is from across the border.

pc39

Hi Ken Hubert

You have missed the point: The UK is running an enormous trade deficit. Therefore imported goods will cost more, even though exported goods will be cheaper (to the customer). However, it is easy to see that the increase in costs will far outweigh the savings in exports. I have lived through several devaluations of £Sterling, and I do recall the consequences.

pc39

pc39

pc39

Hi Szalajj


re Sterling vs the Euro:

The decision to retain Sterling was at the behest of the Banks and the financial world in general. It costs money to change one currency for another, so there is money to be made there. Furthermore, if you look at the way one currency moves against another, it is evident that, if you know what you are doing, you can make money by speculating. With so many EU countries now using the Euro, that means there are less pickings for the money changers.
You may recall that when Norman Lamont was Chancellor of the Exchequer, he raised the Interest Rate from 10 % to 12 % to 15 % all in one afternoon in an attempt to stem a run on Sterling. It was, of course, unsuccessful. Subsequently it was reported in the UK media that at least one international financier had made anywhere between £1billion and £10billion out of this speculation (depending on which paper you read). Now everybody knows There Ain't No Such Thing As A Free Lunch. So who do think paid for it? Could it just be us chickens? Clearly, propaganda by the financial institutions is going to favour as large a number of currencies as possible.

My present fear is, that following the nosedive by Sterling, the cost of petrol (gasoline in the US) will increase, followed by increases in gas and electricity. These increases may, or may not trigger another round of inflation.

The EU originally was formed in order to prevent further wars in Europe. To that extent it has been successful - there have been no wars in Europe for the longest period ever - over 70 years. It has been even more successful in that war in Europe now is totally unthinkable. There is much that is wrong with the EU - but I don't think running away from it is the answer.

EC Regulations: If the UK wants to continue to trade with the EU, then EU Regs will have to be observed. Many of the Regs are UK Regs anyway. I fear this business of Regs is mere propaganda by the Brexit movement.

It seems likely that any new trade agreements will be less advantageous to the UK than previously - the UK will be negotiating from a position of weakness.

International Refugees are a real problem to which I don't have any answers - nor, apparently, does anyone else.


pc39

Racmanaz Loc: Sunny Tucson!

Remember FrankT created a thread saying why he likes debating far right wingers on UHH, LOL not sure why when we continue to debunk his nonsense.