Today Britain votes on remaining part of the EU

[agent00f]

At least as we watch democracy leave the planet, we can take comfort that people are now too stupid to deserve it. Nope, we must have unaccountable, unelected bureaucrats deciding what is best for us. And if they and their friends get massively wealthy along the way, why, that's just peanuts in the overall scheme of things. As long as the "Leavers" and the "Deniers" don't get to vote on anything that would disturb the elite, why begrudge them their massive wealth while we busily decry people who actually did something useful to earn their own wealth?

Dummies have this funny idea that if the smart people are interested in a certain path, going the other way somehow represents dummy interests.

Like if there's a sign that said "Danger, cliff drop ahead" and experts who can read interpret this as an advisable warning to heed, dummies would show everybody they know better.

And what if in 2018, after two years of negotiations to leave the EU, 51% of Brits want back in? Should they start all over and apply for membership? Do you realize how incredibly stupid it is to make a change of this magnitude because a slim majority are in favor?

How about presidents? Should we hold a new election every time the president's approval rating falls below 50%? It's a hell of a lot easier to change presidents than it is to leave an economic union.

That's why it was so idiotic to entrust such a long term consequential decision to the lowest common denominator. If they made a TV show about brexit, nobody would believe it was based on a true story because it plays like a comedy of errors.

 

[FelixDeCat]

The EU is a failed social experiment. Greece should have never been allowed to enter but Goldman Sachs rejiggered the books for them permitting membership.

I hope Britains are strong enough to divorce this mess.

 

[biostud]

One of the problems with this process is that you now what you're getting if you voted bremain, but the brexit is just a black box of unknown.

 

[agent00f]

I forgot to hit post to this reply tab earlier:

And right now it is at 16369. You call that a hide decrease? Over something that people like soros were touting as similar to the crisis? Bitch, please, this is a yawn in comparison.

And ftse 100 is up.

You were obviously parroting british markets were back up from some shit source, and now have to backtrack the goal posts to 2008-crisis level. Consider how low the standards of a finance institution have to be to hire this level of competence for "professional" guidance.

Since you clearly still don't understand much of finance basics, a major reason why the 100 recovers more than 250 is it contains more multi-nationals (ie not just in the UK) which just went on sale with the gbp crash. All driven by the UK pledging hundreds of billions and a likely rate cut for brexit to attempt heading off recession.

In sum, it was a mistake to flaunt that you to do this for a living, like it's the very thing you're best at, which sets a rather low ceiling for everything else.

 

[mikeymikec]

One of the problems with this process is that you now what you're getting if you voted bremain, but the brexit is just a black box of unknown.

My parents said they were going to vote leave. I tried to convince them, and this was one of my argument points. They started spewing stuff that I'd heard of in a British tabloid called the 'Daily Express' (but it was probably repeated in the paper my parents read), that if Britain remained it would have to adopt the euro. Literally no-one on either campaign had claimed this, nor had anyone tried to debunk it, because it wasn't on any cards anywhere. But because my parents read one paper and that's it, they considered that to be truth.

 

[LegendKiller]

I forgot to hit post to this reply tab earlier:



You were obviously parroting british markets were back up from some shit source, and now have to backtrack the goal posts to 2008-crisis level. Consider how low the standards of a finance institution have to be to hire this level of competence for "professional" guidance.

Since you clearly still don't understand much of finance basics, a major reason why the 100 recovers more than 250 is it contains more multi-nationals (ie not just in the UK) which just went on sale with the gbp crash. All driven by the UK pledging hundreds of billions and a likely rate cut for brexit to attempt heading off recession.

In sum, it was a mistake to flaunt that you to do this for a living, like it's the very thing you're best at, which sets a rather low ceiling for everything else.

lol, who said anything about moving goalposts? Shit source? I was looking at my bloomberg terminal. Guess that's a shit source.

And again, you think the movement in the 250 was all that huge? compared to the "chaos" that was predicted and the huge downturn Soros was clamoring for? We are now less than 900pts away from the Brexit low. Gosh, such a huge issue. As I have repeatedly said, cooler heads will likely prevail, people know this.

The BOEs move undoubtedly helped the market recover a bit and steady itself, however, I wouldn't call it the only driver in the recovery.

But hey, you go on with your bad self and try to undercut me. You aren't the first to try and our little junior rainmaker sprinkle JC dude tried pretty hard.

But I digress, who is your alt again?

 

[agent00f]

lol, who said anything about moving goalposts? Shit source? I was looking at my bloomberg terminal. Guess that's a shit source.

And again, you think the movement in the 250 was all that huge? compared to the "chaos" that was predicted and the huge downturn Soros was clamoring for? We are now less than 900pts away from the Brexit low. Gosh, such a huge issue. As I have repeatedly said, cooler heads will likely prevail, people know this.

The BOEs move undoubtedly helped the market recover a bit and steady itself, however, I wouldn't call it the only driver in the recovery.

But hey, you go on with your bad self and try to undercut me. You aren't the first to try and our little junior rainmaker sprinkle JC dude tried pretty hard.

But I digress, who is your alt again?

It's pretty undeniable from the posts above that mouthy rhetoric trumps numbers or facts in your head. Don't worry about understanding what that means, these replies aren't really for you but rather to make it clear to everyone else.

 

[LegendKiller]

It's pretty undeniable from the posts above that mouthy rhetoric trumps numbers or facts in your head. Don't worry about understanding what that means, these replies aren't really for you but rather to make it clear to everyone else.

And it is undeniable to everybody else that you're hiding your alt. So I am curious, what is it? Why can't you just admit it? Why hide?


Nothing trumps facts or figures in my head. That's why I caution for moderation in this.

You're the one freaking the fuck out, mainly because you see your establishment dream dying a slow and painful death.

There is zero forensic indication that agent00f is an alt. Everyone was instructed to let this go in a bolded mod post. You haven't.

Perknose
Forum Director

 

[LegendKiller]

The EU is a failed social experiment. Greece should have never been allowed to enter but Goldman Sachs rejiggered the books for them permitting membership.

I hope Britains are strong enough to divorce this mess and its stupid social policies.++

http://www.independent.co.uk/news/w...-hide-debts-when-it-joined-euro-10381926.html



Goldman has always played dirty.

If it wasn't goldman it would have been another bank.

It goes beyond Greece, way beyond.

 

[DucatiMonster696]

The pound has lost about 14% of it's value as of today. It will most likely rebound once everyone figures out that the sky isn't falling. Corporations and banks "considering" leaving isn't leaving, it's thinking about it. This isn't chaos, it's hype. No matter how it shakes out the UK will survive and maybe even prosper. The fear I keep reading about is that this is going to start a landslide of country's leaving the EU. Which makes no sense at all if the EU is a good thing to be a part of.
I think the British people have the right to choose their path, they made that choice. If it works out well, they chose wisely, if it doesn't they will pay a price, those things happen in a democracy, 51% of the people push the other 49% around.
I find the associated FUD far more alarming than the actual event. It's difficult to find information that has facts as opposed to speculation and fear mongering. I don't need drama, and I have no respect for it in the media. A simple format of who what where when and why is whats required. Speculation should follow the known facts.

This.

As of Friday if you had awoken from a 2 week coma and looked that at where the market ended you probably would not of known that anything major happened and no doubt would of come to the conclusion that Great Brittan voted to remain.

 

[norseamd]

So all this talk about Goldman Sachs and Brexit, how come none of you have even so much as batted any eye to my thread about Deutsch Bank possibly becoming a crisis in the near future?

 

[Blackjack200]

It's pretty undeniable from the posts above that mouthy rhetoric trumps numbers or facts in your head. Don't worry about understanding what that means, these replies aren't really for you but rather to make it clear to everyone else.

You're a British investor. The pound is down 14%, and the BoE is signaling rate cuts so bond prices are rising. Where are you going to put your money? The FTSE starts to look pretty good with its international exposure and no need to exchange your GBPs to USD or EUR at fire sale prices.

 

[LegendKiller]

I guess the queen is stupid also. She's not freaking out, causing panic, but is advising caution and calm. Gee, who would think that letting things settle down is a good idea. Nah, that's just for people who don't know anything.


http://www.telegraph.co.uk/news/201...ain-to-calm-down-and-allow-time-for-quiet-th/

 

[flexy]

Brexiters are like people who urge others to buy a new car because that car has some flashy stickers.

Then they get asked by the other person why they should get this car, and they justify the purchase with "Well, it will likely not break down".

There is no rational thinking involved. The "nice stickers" are more important than that the car might indeed be worse and cause problems.

 

[LegendKiller]

Brexiters are like people who urge others to buy a new car because that car has some flashy stickers.

Then they get asked by the other person why they should get this car, and they justify the purchase with "Well, it will likely not break down".

There is no rational thinking involved. The "nice stickers" are more important than that the car might indeed be worse and cause problems.

Pro eu people are like people who insist they can go offroading in a 2wd sedan. It's a fucking stupid idea and your going to get stuck and the only person (country) with a tow truck is germany.

Greece decided to off-road in a yugo. Look at what happened to them. Germany repoed their tires and they are stuck in the bog with no way out except germany, who will take away their steering wheel next.


See, we can do this all day.

 

[norseamd]

Pro eu people are like people who insist they can go offroading in a 2wd sedan. It's a fucking stupid idea and your going to get stuck and the only person (country) with a tow truck is germany.

Greece decided to off-road in a yugo. Look at what happened to them. Germany repoed their tires and they are stuck in the bog with no way out except germany, who will take away their steering wheel next.


See, we can do this all day.

So who owns that tow truck, Bundesrepublik, or Deutsche Bank?

 

[Victorian Gray]

I guess the queen is stupid also. She's not freaking out, causing panic, but is advising caution and calm. Gee, who would think that letting things settle down is a good idea. Nah, that's just for people who don't know anything.


http://www.telegraph.co.uk/news/201...ain-to-calm-down-and-allow-time-for-quiet-th/

She's doing what she's paid to do. Big deal.

 

[Greenman]

I heard a fellow on the radio yesterday saying that we shouldn't travel to the UK because of the unrest and chaos caused by the brexit vote. I'd be willing to bet that there hasn't been more unrest and chaos than Detroit sees on any given Saturday night.

 

[Jaskalas]

I heard a fellow on the radio yesterday saying that we shouldn't travel to the UK because of the unrest and chaos caused by the brexit vote. I'd be willing to bet that there hasn't been more unrest and chaos than Detroit sees on any given Saturday night.

And Moonbeam thought it was Conservatives with the fear mongering disorder.
Here we have end of the world soothsayers over Brexit.

 

[agent00f]

And it is undeniable to everybody else that you're hiding your alt. So I am curious, what is it? Why can't you just admit it? Why hide?


Nothing trumps facts or figures in my head. That's why I caution for moderation in this.

You're the one freaking the fuck out, mainly because you see your establishment dream dying a slow and painful death.

This is what facts look like:

http://forums.anandtech.com/showthread.php?p=38313792#post38313792

Contrast this to the quoted delusion above. Keep in mind you don't decide what is fact or delusion, others judging you do.

 

[agent00f]

You're a British investor. The pound is down 14%, and the BoE is signaling rate cuts so bond prices are rising. Where are you going to put your money? The FTSE starts to look pretty good with its international exposure and no need to exchange your GBPs to USD or EUR at fire sale prices.

Something like half or more of the FTSE 100 report their finances in USD or such. This means a plunge in sterling is basically a firesale on those multinationals to the rest of the world.

LegendKiller claims to work in finance yet has no clue how any of this works. For the record I don't work on anything resembling finance except quantitative accuracy also matters in what I do.

Now imagine someone always bragging about how great they are at their job, but their incompetence can be easily exposed by pretty much anyone willing to do a little research. I'm suspect we've all known someone like that, and recollect our opinion of them.

 

[Greenman]

Something like half or more of the FTSE 100 report their finances in USD or such. This means a plunge in sterling is basically a firesale on those multinationals to the rest of the world.

LegendKiller claims to work in finance yet has no clue how any of this works. For the record I don't work on anything resembling finance except quantitative accuracy also matters in what I do.

Now imagine someone always bragging about how great they are at their job, but their incompetence can be easily exposed by pretty much anyone willing to do a little research. I'm suspect we've all known someone like that, and recollect our opinion of them.

Got a little miffed about that alt thing?
Just for the record, nobody but the mods really gives a shit. I'd guess LK is just yanking your chain.

This is the mods "giving a shit" about you slyly extending this trolling.

Perknose
Forum Director

 

[jonesalice34]

What do you think is going to be with property markets in the UK and the EU? I believe in the slight fall of prices in England and Spain. Spain will suffer a wane of demand for real estate from British buyers who were extremely active in this market. And in London the weak pound will play its part to attract new foreign investors. A good piece on the topic https://tranio.com/united-kingdom/news/real-estate-markets-could-wobble-as-uk-votes-to-leave-the-eu_5152/, pay attention to the part "the real estate market in Britain may benefit from heightened foreign interest"

 

[0roo0roo]

And what if in 2018, after two years of negotiations to leave the EU, 51% of Brits want back in? Should they start all over and apply for membership? Do you realize how incredibly stupid it is to make a change of this magnitude because a slim majority are in favor?

How about presidents? Should we hold a new election every time the president's approval rating falls below 50%? It's a hell of a lot easier to change presidents than it is to leave an economic union.

If you want to go that way, then you have to go all the way back, because these were things you had no right to give away in the first place.

Tony Benn – EU Referendum – EU Empire – Democracy – Brexit
Lurkin Left
https://www.youtube.com/watch?v=nWnpbEMMsNw

 

[theeedude]

If UK wants back into the EU, it will have to apply under same terms as other new members, not the nice grandfathered terms they got where they are exempt from a lot of EU rules.