Posted on 11/14/2018 10:29:59 PM PST by Tilting
The draft deal of Prime Minister May smells really bad. It is clear that politicians are clueless about trade and the U.K. remaining within the (EU) customs union forever is really going to economically tie Britain to the EU without a right to even vote. What they do not get is that trade in the EU is not negotiated with a single government. Every member gets to veto a trade deal which prevents the entire 28 member states from acting in their own self-interest. So Britain cannot cut a trade deal with the USA or China without EU approval. Then the speculation goes that they will have to pay dues with no vote.
If Britain does approve the deal precisely on November 21st, 2018, then out long-term projections for the British pound are most likely going to be right on point. So let’s just hold our breath. Why should this not be absolutely just crazy? That is what we elect politicians with no experience in trading or economics to make major decisions in areas they are unfamiliar with.
UNaccountable euro/bureaucrats are socialists/totalitarians. No controlling legal authority supersedes.
Theresa May governs against the will of her people. They wanted a real and meaningful Brexit.
They got this bag of stuff, so to speak.
I live in Spain, which has a huge number of British expats living there. They whined about Brexit so much on the expat forums that I unsubscribed from all of them. It was disheartening to see how many people were willing to sell out their own country over the threat of losing some “free stuff”
The narrower Eurozone has debt to GDP of 86% - still lower than the UK or USA
The statement "They wanted a real and meaningful Brexit" is incomplete - the "they" you indicate are the 51% who voted for Brexit, but even these are not all "wanting a real and ...."
Firstly, polls do show that the majority of British citizens want to be part of the EU but want some level of curbs on:1. free movement of EU citizens (this is not about illegal immigrants but about citizens of Poland, Bulgaria, Romania etc. moving to the UK), 2. following of EU rules
But no one agrees on exactly what those two points are -
for 1 (right of Poles, Bulgarians, etc. to move and work in the UK) - you have everything from the extremes of "NO, kick the bluidy Poles out" (very few) to those who say they can move for a certain period of time and everything in between
For #2 (EU rules) - the crazy thing is that many of those rules were proposed BY the UK and most of the rules are those that the British citizens want to keep in any case. There are exceptions, but these are few
The Brits as a whole don't know exactly what they want from Brexit.
It’s a numbers game. Think holding interest rates artificially to around zero might end up exploding rates upwards and cause debt funding to absorb Euroland’s GDP output?
When it unwinds, it will happen almost overnight. By then all the major players that caused the downfall will have run for the hills.
The Dominos falling right now are in The Cabinet. Multiple Ministers and Junior Ministers have resigned over this deal. May might be seeing a leadership challenge in the next few days.
Japan will be okay.....they are one people and don’t have illegals by the millions forcing their way in...
Many say that was the plan all along, make the final Brexit deal so toothless and unpalatable that eventually people just give up and agree to remain a member where they at least would retain some limited control and representation in the EU.
What I said what that the GDP to debt ratio for the Eurozone is lower than that of the UK, US or Japan.
Simple answer - if they like living in Spain that much, then become Spanish citizens....:^)
They bought in to the concept of a United States of Europe. If you decided that Maine was too cold for you the taxes and the cost of living were too high and you wanted to move to Florida you wouldn't be any different, just warmer and with more money in your pocket at the end of the day. That's how they felt when they moved to Spain. If England left the EU they would be more like me, a foreigner who has to apply for a driver's license rather than just switching over, buy health insurance, pay duties on the stuff I brought over, etc. Unlike me, who never got out of the mindset of an American in a foreign country, they side with Brussels.
There was another thread a while back about Swedes who moved to Spain rather than put up with the changes in their country due to immigration and the same mindset was used. People were calling them cowardly for not staying behind and fighting for the soul of their country. As far as the Swedes are concerned they weren't abandoning their country they were just acting like Americans who got sick of California and moved to Texas.
First, those polls should not be taken as more reliable than the public election polls done here—which are primarily intended to impact and sway public opinion, as opposed to objectively measure and report it.
Second, people are likely responding to the Brexit they see happening, which as others have noted has likely been made as noxious as possible to try to push people away from supporting it.
Third, there is nothing crazy about the citizens of a country not wanting to be subject to the rules of a massive, undemocratic bureaucracy based elsewhere.
There was another thread a while back about Swedes who moved to Spain rather than put up with the changes in their country due to immigration and the same mindset was used. People were calling them cowardly for not staying behind and fighting for the soul of their country. As far as the Swedes are concerned they weren't abandoning their country they were just acting like Americans who got sick of California and moved to Texas.
They “bought into it” but never actually voted for it...:^)
The only UK vote was in the 70's to join a “Common Market” to enhance trade.
Second, the questions were based on what people now know Brexit would mean. Most people didn't really think through what Brexit means -- it wasn't "close the door, buh-bye" to many.
Thirdly - They aren't. The UK proposed the largest numbers of the EU rules, the UK had and has rights to reject some of the rule, to change them and to propose new ones. and most of those rules were what they wanted in the UK. The EU is bad, but it's a shambling, waste of money bad, not one that rules. The UK leaving destroys its ability to dictate terms which is what they HAD
No, the EU is a clearly undemocratic and the rules are something, particularly with May’s faux “soft Brexit”, the UK could never get itself out from.
You globalist, you!
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