Brexit Official
- Thread starter SunnyJim
- Start date
abandonconflict
Well-Known Member
The UK is being shaped led xenophobic UKIP rhetoric. Meanwhile in France:
Je Suis Guillotine!
Je Suis Guillotine!
Isn't this vote 'pro power to the people'?
SpiderDude
Well-Known Member
this is huge. the u.k was a very large pillar holding up the eurozone w/ germany. and really, the eurozone project is nothing when looking at european history. many country's with long histories and independent cultures questioning a union that was drawing them into one big globalized country. once they linked up as economic union, the bureaucrats ( un-elected ) telling people in many countries what to do, but the people in u.k. just told them fuck you and others will follow. the markets will now price in " what if's ", what if italy pulls out, what if france pulls out....... this is huge uncertainty and will force banks, large corporations to question lending and borrowing. ( cross border borrowing drives the entire regions economy ), all of this will now be questioned ( the question becomes will they be payed back or defaulted upon ), this uncertainty is the elephant in the room moving forward. who is the " bag-holder " regarding the trillions of debt of all these nations that have massive debt obligations amongst themselves. a cluster fuck of debt .....
the beginning of the end of the eurozone currency ( just as milton friedman predicted at it's inception ). a union of countries ( 25+ ) all under one currency ( euro ) and all under the same exchange rate. whats good for germany ( exchange rate ) is not so good for european countries with huge debt burdens, and countries with economies that are not performing.
this was always about control. once the masters in germany / brussels had economic control they started telling everyone what to do within the eurozone. un-elected bureaucrats telling people what to do ....... so now u.k. voters said fuck you.
look for european crisis hitting new levels as everyone is now calling for a referendums in france, spain, etc ....
look for interbank lending to freeze in some way moving forward, currency markets - debt / credit ( bond ) markets are the huge concern for the global central banks. these markets are much larger than the equity markets that trade ( tata motors, apple, ford, g.e... ), this will trigger massive loses short term but also cause havoc in the larger markets as interbank lending freezes and central banks pour more debt into marketplace as they jawbone bullshit sweet nothings but they themselves are shitting razor blades. everyones borrowing cost, interest rates will now explode upward.
in the end this is all about credit / debt. the money that has bailed out greece was never for the people or fixing underlying problem. the bailout funds from EU, IMF bounced from german banks into greece then back into german banks for funding debt obligations ( from greece to germany, italy, france ) who are owed hundreds of billions of dollars .......
the entire shit-show that is the eurozone today is built upon debt that must be serviced every month. if this does not happen, the largest banks around europe all go insolvent overnight. so merkel, mario draghi are all puppets for the large banks that made loans that can't be payed back without bailouts and austerity. the depression in greece is not about the economy, it unfolded because greece uses the euro and its exchange rate ( set by germany ) and not having control of their own currency ( drachma ). if greece had control of its own currency it could have devalued said currency ( like many have done during crisis events ) and greece would be doing much better today.
this is only day one. this will not unfold quickly, look for turmoil / volatility no matter what over many months for all of europe. this pressure will fall upon borrowing cost as one of the large pillars holding up the eurozone project now being removed. billions / trillions vaporized in just 24hrs but like 2007/2008 credit crisis, this will unfold slowly and bring about many surprises. if you are not liquid and operate with debt ( credit / debt is not money ), you will feel much pain moving forward ~
the beginning of the end of the eurozone currency ( just as milton friedman predicted at it's inception ). a union of countries ( 25+ ) all under one currency ( euro ) and all under the same exchange rate. whats good for germany ( exchange rate ) is not so good for european countries with huge debt burdens, and countries with economies that are not performing.
this was always about control. once the masters in germany / brussels had economic control they started telling everyone what to do within the eurozone. un-elected bureaucrats telling people what to do ....... so now u.k. voters said fuck you.
look for european crisis hitting new levels as everyone is now calling for a referendums in france, spain, etc ....
look for interbank lending to freeze in some way moving forward, currency markets - debt / credit ( bond ) markets are the huge concern for the global central banks. these markets are much larger than the equity markets that trade ( tata motors, apple, ford, g.e... ), this will trigger massive loses short term but also cause havoc in the larger markets as interbank lending freezes and central banks pour more debt into marketplace as they jawbone bullshit sweet nothings but they themselves are shitting razor blades. everyones borrowing cost, interest rates will now explode upward.
in the end this is all about credit / debt. the money that has bailed out greece was never for the people or fixing underlying problem. the bailout funds from EU, IMF bounced from german banks into greece then back into german banks for funding debt obligations ( from greece to germany, italy, france ) who are owed hundreds of billions of dollars .......
the entire shit-show that is the eurozone today is built upon debt that must be serviced every month. if this does not happen, the largest banks around europe all go insolvent overnight. so merkel, mario draghi are all puppets for the large banks that made loans that can't be payed back without bailouts and austerity. the depression in greece is not about the economy, it unfolded because greece uses the euro and its exchange rate ( set by germany ) and not having control of their own currency ( drachma ). if greece had control of its own currency it could have devalued said currency ( like many have done during crisis events ) and greece would be doing much better today.
this is only day one. this will not unfold quickly, look for turmoil / volatility no matter what over many months for all of europe. this pressure will fall upon borrowing cost as one of the large pillars holding up the eurozone project now being removed. billions / trillions vaporized in just 24hrs but like 2007/2008 credit crisis, this will unfold slowly and bring about many surprises. if you are not liquid and operate with debt ( credit / debt is not money ), you will feel much pain moving forward ~
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dannyboy602
Well-Known Member
Thx for explaining that. I soft of thought it was all about money er, ah debt or whatever.
Will it have any impact on little ole me in East Bumblefuck Arizona?
Will it have any impact on little ole me in East Bumblefuck Arizona?
SpiderDude
Well-Known Member
we will not know for about a year or so how global economy takes this .....
it could be like 2007. when the very first hedge fund exploded in europe warning the world about the u.s. sub-prime crisis, the global markets did not crash and burn overnight.
but, the one thing you can bank on is eurozone economy's will feel lots of pain moving forward. the referendums will spring forth in other countries.
the fact you will hear about the ECB putting liquidity into markets is not good. the fact they must pump billions ( of more debt / credit ) into the system tells you that the economy is very weak. the fact you have negative interest rates all across europe already should have told everyone how unstable the entire global banking system really is.
0% interest rates are a huge warning sign. people in debt love it, but in the end these people are in debt ( hole ), and are just servicing monthly obligations. but the simple fact is many people, cities, countries are swimming in debt. this is not wealth, it's a noose around one's neck. people without debt ( the few ) do not give a fuck about interest rates. but the fact interest rates are at zero percent ( or below zero percent ) should scare the fuck out of you, it exposes the fact how fucked up the entire global banking network is already under massive pressure going into this .....
the one place you do not wanna be is in debt. all the asset prices are artificially ( homes, cars, stocks ) propped up because the global central banks printed trillions of debt and poured it into the system in 2008/09. we are living in a false world today. just because home prices rebounded, stocks was not from organic economic growth, the asset valuations rebounded because of the trillions in new debt, and zero percent interest rates. the global economy is far from healthy and one should not judge health off just asset prices rebounding because this was a false reality created by global central banks.
it could be like 2007. when the very first hedge fund exploded in europe warning the world about the u.s. sub-prime crisis, the global markets did not crash and burn overnight.
but, the one thing you can bank on is eurozone economy's will feel lots of pain moving forward. the referendums will spring forth in other countries.
the fact you will hear about the ECB putting liquidity into markets is not good. the fact they must pump billions ( of more debt / credit ) into the system tells you that the economy is very weak. the fact you have negative interest rates all across europe already should have told everyone how unstable the entire global banking system really is.
0% interest rates are a huge warning sign. people in debt love it, but in the end these people are in debt ( hole ), and are just servicing monthly obligations. but the simple fact is many people, cities, countries are swimming in debt. this is not wealth, it's a noose around one's neck. people without debt ( the few ) do not give a fuck about interest rates. but the fact interest rates are at zero percent ( or below zero percent ) should scare the fuck out of you, it exposes the fact how fucked up the entire global banking network is already under massive pressure going into this .....
the one place you do not wanna be is in debt. all the asset prices are artificially ( homes, cars, stocks ) propped up because the global central banks printed trillions of debt and poured it into the system in 2008/09. we are living in a false world today. just because home prices rebounded, stocks was not from organic economic growth, the asset valuations rebounded because of the trillions in new debt, and zero percent interest rates. the global economy is far from healthy and one should not judge health off just asset prices rebounding because this was a false reality created by global central banks.
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I'd go research and form your own opinion instead of listening to RIU.
On another note, they still may not leave. As part of the leaving treaty there will be a 2 year exit where Brussels and the UK negotiate the leaving process. If Brussels offers the UK a good deal, the PM at the time can accept and they'll remain in the EU. Not saying this will happen, but it sure is possible.
On another note, they still may not leave. As part of the leaving treaty there will be a 2 year exit where Brussels and the UK negotiate the leaving process. If Brussels offers the UK a good deal, the PM at the time can accept and they'll remain in the EU. Not saying this will happen, but it sure is possible.
SpiderDude
Well-Known Member
this shows why debt is so bad, once your hooked ......
you start giving up your rites as a people because you have placed your own head in the debt noose, and since you fucked up, now your willing to have the bureaucrats come and save your ass ........ very sad how people act in this position. people can't handle the fact they took on debt, living in one's means, instead acquiring assets before one can pay cash up front. just so you can have a nice home, car etc ....
you start giving up your rites as a people because you have placed your own head in the debt noose, and since you fucked up, now your willing to have the bureaucrats come and save your ass ........ very sad how people act in this position. people can't handle the fact they took on debt, living in one's means, instead acquiring assets before one can pay cash up front. just so you can have a nice home, car etc ....
SpiderDude
Well-Known Member
the euro is an economic union between 25+ countries. they all gave up host currency rites so they could become one economic power.
but once they controlled the money, they started dictating policy all over the 25+ countries. so simply, this was about some jag-off in germany telling someone in greece how or what they should do ......
the people in the u.k., just told those bankers / power brokers who profit off the economic union off the backs of everyone in those other countries, fuck you ..... this is a democracy and i just cut your power cord / control over me .....
once everyone else figures this out, that they can leave, the entire system unravels and all the businesses that profit off the union today are shitting chainsaws today because the question now stands, who exit next and who holds all the debt and who's paying that debt back in the long run.
but once they controlled the money, they started dictating policy all over the 25+ countries. so simply, this was about some jag-off in germany telling someone in greece how or what they should do ......
the people in the u.k., just told those bankers / power brokers who profit off the economic union off the backs of everyone in those other countries, fuck you ..... this is a democracy and i just cut your power cord / control over me .....
once everyone else figures this out, that they can leave, the entire system unravels and all the businesses that profit off the union today are shitting chainsaws today because the question now stands, who exit next and who holds all the debt and who's paying that debt back in the long run.
SpiderDude
Well-Known Member
indeed. greece took on billions in new debt when it joined the euro. but the greek crisis is not about dead beat junkies not paying taxes or debt.
it's about the banks in germany, france, u.k. who originally gave the greeks the debt in the first place. economist knew once the union was created, that all the jobs / manufacturing would get sucked out of many countries and move to germany. so german economy has reaped the benefits from greece joining eurozone. it helps some in the short term, but in the long run these jobs exiting slovenia, greece, italy hurts the people in the long run as the economy slows but debt obligations grow.
this will take a long time as it unfolds. everything will not crash at once, the ECB will toss billions at the problem slowing the volatility. but volatility will come upon europe ~ no matter what. every rumor that comes moving forward regarding other countries exiting union, will trigger more loses. this is all about cross border debt obligations between 27 countries, nothing more ....
it's about the banks in germany, france, u.k. who originally gave the greeks the debt in the first place. economist knew once the union was created, that all the jobs / manufacturing would get sucked out of many countries and move to germany. so german economy has reaped the benefits from greece joining eurozone. it helps some in the short term, but in the long run these jobs exiting slovenia, greece, italy hurts the people in the long run as the economy slows but debt obligations grow.
this will take a long time as it unfolds. everything will not crash at once, the ECB will toss billions at the problem slowing the volatility. but volatility will come upon europe ~ no matter what. every rumor that comes moving forward regarding other countries exiting union, will trigger more loses. this is all about cross border debt obligations between 27 countries, nothing more ....
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DG1959
Well-Known Member
THANK YOU!.... the DOW jones stock market dropped 500 points the first 5 minutes..... I hope to hell my stock buyer is buying me a lot of stock today.
BarnBuster
Virtually Unknown Member
sure fucked up my investments today