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Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 12:12 pm
by DB10GOONER
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 12:13 pm
by DB10GOONER
This quote tower will drive augie mad!
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 12:40 pm
by A11M11
Sorry your not well :- I am just off to the hospital for a post operation appointment. so briefly :- I said I can see the E.U defaulting on it's financial capability in the near future . and by that I meant that I can see the E.u's money supply not keeping up with it's expenditure and like all unwieldy obese organisations i think it will collapse sooner rather than later .The trading concept was always of benefit but the political integration will be it's downfall. Which is why I feel we are better out now than when it falls.
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 12:48 pm
by LeftfootlegendGooner
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 12:50 pm
by LeftfootlegendGooner
A11M11 wrote:Sorry your not well :- I am just off to the hospital for a post operation appointment. so briefly :- I said I can see the E.U defaulting on it's financial capability in the near future . and by that I meant that I can see the E.u's money supply not keeping up with it's expenditure and like all unwieldy obese organisations i think it will collapse sooner rather than later .The trading concept was always of benefit but the political integration will be it's downfall. Which is why I feel we are better out now than when it falls.
Hope everything goes well mate
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 5:36 pm
by nut flush gooner
A11M11 wrote:Sorry your not well :- I am just off to the hospital for a post operation appointment. so briefly :- I said I can see the E.U defaulting on it's financial capability in the near future . and by that I meant that I can see the E.u's money supply not keeping up with it's expenditure and like all unwieldy obese organisations i think it will collapse sooner rather than later .The trading concept was always of benefit but the political integration will be it's downfall. Which is why I feel we are better out now than when it falls.
Likewise, the debate over leaving the EU may be heated but I never wish anyone poorly.
With regards to the EU, it has the capability to print money and that is pretty much what every central bank has done since the financial crisis to keep their economies afloat. This is known as Quantitive Easing.
Other thing is the EU actually takes in more than it pays back to it's member states, and it is the member states (remember Greece) that can have the financial problems. The ECB is the bank of last resort and as such has a policy "of doing what it takes" to ensure member nations don't go bankrupt.
Re: EU referendum - What will you vote?
Posted: Thu Aug 18, 2016 10:20 pm
by A11M11
However you can only go to the well until the water runs dry. As I understand it , there are only 4 nett contributors and when and if we stop paying in that leaves France and Germany to find the cash as the other one Italy is in all sorts of trouble. I can't see it being anything other than unsustainable in the future . It either changes it's ways or eventually implodes . Trying to amalgamate so many disparate entities that will be pulling in different directions will lead to unrest and failure. It didn't work for the USSR and I don't think it will work for the E.U either.
Re: EU referendum - What will you vote?
Posted: Fri Aug 19, 2016 9:08 am
by nut flush gooner
A11M11 wrote:However you can only go to the well until the water runs dry. As I understand it , there are only 4 nett contributors and when and if we stop paying in that leaves France and Germany to find the cash as the other one Italy is in all sorts of trouble. I can't see it being anything other than unsustainable in the future . It either changes it's ways or eventually implodes . Trying to amalgamate so many disparate entities that will be pulling in different directions will lead to unrest and failure. It didn't work for the USSR and I don't think it will work for the E.U either.
Yes but you don't need contributions from members states to print money. It quite literally comes out of thin air. QE has nothing to do with member state contributions. You need to distinguish between monetary policy and what each member state pays in.
The German economy is ridiculously strong, they have just absorbed 1m immigrants from the Syria region. If anything would have brought the EU and euro down, it would have been the banking crisis and/or Greece debts which the EU have now restructured several times. As we speak there are some problems with Italian banks, but my understanding is that they are being recapitalised so that if there is another banking crisis they will be in a position to weather the storm.
Re: EU referendum - What will you vote?
Posted: Fri Aug 19, 2016 9:27 am
by A11M11
Nice trick if you can do it , but you can't keep producing something from nothing ( look at Wenger ) eventually it will go tits up.
Re: EU referendum - What will you vote?
Posted: Tue Aug 23, 2016 5:41 pm
by the playing mantis
weimar Republic anyone
Re: EU referendum - What will you vote?
Posted: Fri Aug 26, 2016 11:26 pm
by Chippy
the playing mantis wrote:weimar Republic anyone
Honestly no. We haven't gone that far. I know Farage is a borderline fascist and the country is pretty much ungovernable but we're not quite at the Weimar stage yet.
Re: EU referendum - What will you vote?
Posted: Fri Aug 26, 2016 11:26 pm
by Chippy
Re: EU referendum - What will you vote?
Posted: Sat Aug 27, 2016 7:59 am
by A11M11
You can only spend it once and at the moment we spend it in Brussels or Strasbourg or anywhere but here.
Re: EU referendum - What will you vote?
Posted: Sat Aug 27, 2016 11:09 am
by Chippy
A11M11 wrote:You can only spend it once and at the moment we spend it in Brussels or Strasbourg or anywhere but here.
Yeah. Looks like we're going to spend it on farmers.
http://www.express.co.uk/news/politics/ ... ces-brexit
Re: EU referendum - What will you vote?
Posted: Mon Aug 29, 2016 8:48 am
by A11M11
In 2015, UK farmers received almost €3.1bn (£2.4bn) in direct payments, according to the NFU.
Farmers have access to the €5.2bn (£4bn) pot of funding that has been allocated to the UK for rural development projects over the period 2014-2020, including €2.3bn that has been transferred from the BPS to the UK rural development programmes.
At worse even if both payments were made together that would be £ 6.4 billion.
Farming minister Mr Eustice told the NFU conference that leaving would create an £18bn a year “Brexit dividend”. This could be used to continue payments to farmers through an improved scheme.
So 18 minus 6.4 = 11.6 . billion to be divvied up and spent elsewhere.
Figures from the N.F.U.
