Simon_R wrote:I know the Doyle have been looking into this for a while.
People I have spoken to see this as an opportunity for Eire, in that no US banks will be allowed to have their head offices for EU in London ... and with pre-clearance and lovely open space just waiting down by the grand canal, and an Anglophone low tax jurisdiction, you could make out like bandits.
There are advanced plans for a large interconnector from EU to Ireland, this would free your dependence on Gas piped through the UK.
The City of London, also needs a licence to trade in the Eurozone, this will be revoked if they are not in the EU, another opportunity, the knives have been out for 'the city' for a while.
Whilst the UK thinks it is in a position of power because of its consumption, it is more like a man in the desert claiming he has power over the people that own the oasis, as he drinks so much, yeah he can get water carted in, but it will cost a bomb.
interesting times
European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars
http://www.zerohedge.com/news/2016-06-27/european-banks-crash-worst-2-day-loss-ever-default-risk-soars
Why the U.S. is freaked out about Brexit
Britain's vote to leave the European Union Friday left the United States confronting a threat to the strength and cohesion of both its closest historical ally and a 70-year transatlantic partnership that has been the bedrock of Western peace and prosperity.
American leaders on all sides of the political aisle Friday expressed respect for the decision of British voters ...
But there was no hiding the concern behind the scenes as the shockwaves rippled through the EU, a body that has been vital to American foreign policy initiatives in recent times ...
The U.S. is itself already feeling the aftershocks -- American stocks were down more than 600 points at the closing bell Friday afternoon.
http://www.cnn.com/2016/06/24/politics/donald-trump-brexit-scotland-press-conference/
Obama stands by 'back of the queue' Brexit warning
The EU's leadership has demanded Britain activate Article 50 exit talks "as soon as possible" as they attempt to end the uncertainty over the bloc, "however painful that process may be". ...
Manfred Weber, a senior German conservative MEP and close ally of Angela Merkel, warned that Britain will receive "no special treatment" and must leave the EU within two years. ...
However, the White House on Friday night said that the president stood by his warning that Britain would move to the back of the queue when it comes to trade deals.
"Obviously, the president stands by what he said and I don't have an update of our position," White House spokesman Eric Schultz told reporters at a briefing. ...
China
"We hope Britain and the EU can reach a negotiated agreement at an early date. A prosperous and stable Europe is in all sides' interests," a Chinese foreign ministry spokesman has said, warning there would be “impacts on all sides” from the vote.
"Britain's decision to leave the EU has prised off the first brick from the mansion of globalisation," added Xinhua, the Chinese state news agency.
Influential Chinese tabloid the Global Times, published by the ruling Communist Party's official People's Daily, wondered at the wisdom of such a momentous decision being decided by such relatively narrow margin.
"Is it really fair to decide Britain's future this way?" it said in an editorial.
"For the Chinese people, who are at a critical time to learn about globalisation and democracy, they will continue to watch the consequence of Britain's embracing of a 'democratic' referendum," added the paper.
Sweden
Carl Bildt, the former Swedish prime minister, has predicted chaos "beyond comprehension" after the result. He noted that the Zimbabwean dollar was gaining on sterling.
http://www.telegraph.co.uk/news/2016/06/23/eu-referendum-what-the-world-is-saying---britains-historic-decis/
sparky wrote:David Cameron , having resigned as prime minister , is now merely a caretaker and had said he would not invoke article 50
Boris Johnson , want to negotiate a future agreement before invoking 50 , the six founding members have just had a meeting saying NO ,
there is a strong suspicion , Britain will welsh on their own people , after all it was only a referendum and as such not bidding under the Westminster system .
Sixstrings wrote:It's concerning.
...European Banks Crash To Worst 2-Day Loss Ever As Default Risk Soars
http://www.zerohedge.com/news/2016-06-27/european-banks-crash-worst-2-day-loss-ever-default-risk-soars
Ben Stein wrote:Brexit Was Sparked by Rape and Crime
Ben Stein's Diary, June 25, 2016, 1:08 am
"The Battle of Waterloo was won on the playing fields of Eton.” So supposedly said the Iron Duke of Wellington, referring, of course to the crushing defeat of Napoleon by the Allies on an 1815 Belgian battlefield and the rousing competitive spirit of the British ruling class, officers in the Royal Army. That spirit was said to have been instilled in them by the games playing at one of the premier English “public” schools, by which we would mean boarding schools.
May I add, “The Battle of Brexit, Britain, and Brussels was lost by Europe on the playing fields and in the alleys and immigrant housing of the British town of Rotherham.” There, over a period of twenty years, over 1,000 British girls were assaulted, raped, held captive, gang raped by Muslim immigrants to the UK, especially from Middle Eastern countries and Pakistan. It was a stupendous scandal, apparently duplicated all over Britain on a greater or lesser scale.
It has also been duplicated and then some in Sweden. In the wake of a decision about ten years ago that allowed about 1.5 million Middle Easterners and Somalis into Sweden, Stockholm’s rape rate has gone up by a factor of about fifteen. Most of it has come from these immigrants and their sons.
Not all, but a lot of white and Asian Europeans are sick of it. They don’t want any more immigrants. They’re done with Political Correctness. They’re sick of taking in refugees and seeing their good deeds go paid with rape.
That, according to the Internet, is what happened on Thursday in the Brexit vote. Britain does not yet allow unlimited Muslim movement into the Sceptered Isle as Germany did for a time with the former Reich. Good. The voters of the UK saw what a much smaller number of immigrants could do in the way of terrorizing their females and their towns. They don’t want to be part of an EU that willfully brings such people into the UK.
That, as I read it, is in large measure responsible for the exit from the EU that was voted in and on two days ago. It wasn’t about tariffs or orders from Brussels about rotation of crops. It was about violence and specifically rape.
That’s what I read and that’s what makes sense. It wasn’t economics. It was crime that was the motivator.
But once the Brexit was done, there would be an economic component, and that is what the Politically Correct media would talk about. And what a load of nonsense they did talk. People said there would be a crash. There would be a worldwide recession. It would be a disaster for Europe and for Britain and for the USA. In perfect time, the speculators and traders beat out a serious downturn in the markets of the world.
But why? The tariffs that were in place on Thursday morning are still in place. There will be no serious movement in terms of trade for months if not years. Even if there is a breakup of the whole EU, which could happen, each country in it would still need to import coal or hides or rubber or software or whatever they import today. There would be no stoppage of trade.
Europe has been committed to ultra-low tariffs for decades. They’re committed to free trade. If there have to be 27 stamps on a bill of lading instead of one, that’s easily done with modern equipment. If travelers need passports to go from Austria to Italy — well, isn’t that what Europe wants now?
So… what would change? Perhaps, in the tumult, there would be some slippage of exports from the USA to Britain. That’s possible. But the magnitudes are tiny. The USA exports about $55 billion worth of goods to the UK per year as of 2015. That’s barely more than three-tenths of one percent of U.S. GDP. If that fell by a few billion, it would be trivial compared with the USA’s $18 trillion output. There is no foreseeable outcome about U.S. trade with Britain or any other European country that would have a major impact on the USA economy.
Or, you could put it another way: on Friday after the Brexit was approved, the USA stock markets lost about (very roughly) $1.5 trillion of value — and this was over a purely hypothetical disruption of trade of a few billions. It makes no sense at all.
Traders like to scare people. That’s how they make their money. It doesn’t mean that what they say is real or true.
What’s the future? Who knows? But people will need to have food, houses, cars, gasoline, computers, and airplanes. The world will still need what the USA produces. There will be a lot of shrieking in Europe for some time. But as Ferris Bueller so aptly said, “I’m not European. I don’t plan on being European…”
We’re doing fine economically. But a nation that does not enforce its laws is not a nation, as Mr. Trump aptly said.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:I read that Ben Stein commentary over the weekend and I think he is dead on target. The leadership in all the 'democracies' have failed to take the average citizens point of view into account about how the various countries are being run. Ignore the kettle on the hot stove long enough and it will boil over, or boil dry and burn up.
Outcast_Searcher wrote:-snip-
If the issue is the rapes, the left certainly appears to be completely unhelpful on that front. If anyone complains about such things, they are labeled racist, backward, ignorant, not politically correct, etc. from the left, and as far as they're concerned, that's the end of it. (About as perceptive as those who label the entire GOP as "racist").
If immigration is bringing enough lawlessness with it to be a real concern, and the powers that be are unwilling to deal with that crime in a meaningful way, then the result seems rather obvious. In that case however, why is it that the demographics are so clearly split based on age? I find it hard to believe that 20 year olds consider rape as OK, as long as it's from an "oppressed minority" for example.
I haven't done a lot of research on this. It's just my impression from the non-economic stories I've seen.
KaiserJeep wrote:I don't believe that 20-somethings believe that rape is OK, I think that 20-somethings cut Muslims a PC break, just as they do Hispanic illegals who commit crimes in "sanctuary cities", and Black-on-Black crime in the USA's inner cities. Political Correctness overcomes all, they have even been told to "not be judgemental" about such things.
...
I believe that crime is crime, and if you do the crime, you do the time. If that means that more "people of color" end up behind bars, so be it.
KaiserJeep wrote:OS, I repeated the entire text of the article above for your convenience, the link was just to prove it was complete and unaltered.
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