/tg/Station 13

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dezzmont wrote:

ShadowDimentio wrote:That's assuming they have any interest in becoming a German citizen rather than just staying a Syrian that is currently staying in Germany, which are two very different things. Also they're nearly all uneducated and would need INTENSE governmental investment to be brought up to a decent working force instead of a few million untrained workers.

>Played by a UK politician

I got most of these opinions from Sargon whose research has pretty much always been spot on as has his observations.

Most refugees are actually very well educated, though obviously they are poor due to losing most of their stuff. The issue is Turkey tried to pretty much stop anyone from reaching the EU which created a huge mess which caused chaos. Refugees generally don't return to their home countries, and even if they do, the economic benefits of migration still occur. Educated migrants especially are fucking amazing for the economy, which is why places in the US that actively try to attract them despite their lack of wealth do very well.

Sargon is totally wrong. He is more of a logician than an economist, because any economist who understands fucking anything about their discipline would tell you that it was a bad idea and would absolutely wreck the British economy. Projected GDP drops were around 7%, which is terrible, but are now being revised to be much higher.

And, again, the UK is not part of the Schengen agreement, meaning the EU in no way sets their immigration policy. The Brexit campaign was in part masterminded by some very overtly racist politicians who inceptioned the idea that it had anything to do with the Migrant crisis using some pretty overtly racist cultural memes. Its like saying the US should leave NATO so that it can stop people from emigrating from Mexico. It is just such a comically bad misunderstanding of what the EU is that I wonder how I fucking know more about it than most people in Britain.

DemonFiren wrote:>digg

HAHAHAHAHAHAHAHAHAHAHAHA your fault indeed

dezzmont wrote:Economics 101 time because they apparently don't teach this shit in Britain:

10 fucking percent of your savings were wiped out because investors wisely realize that your country is destroying its export and likely import market, because the EU is your biggest trading partner and there is no chance in hell the UK is going to maintain a free trade zone with the EU if the EU wants to remain a thing, which it does. If you were not aware, the fact that Britain had control over its own monetary policy but also was part of the free trade zone, along with the City of London's business friendly laws, made Britain one of the finance capitols of the world. It is probably the biggest driver of your economy, so fucking with that means that now your money, which can only be used to buy assets within the UK which is how currency fucking works, is now worth much less, because anything worth buying in the UK is worth much less.

With a 10% loss in savings people are not going to invest, both because there is now less wealth to invest, and, in some ways more importantly, people invest based on assumed future value. If your currency is rapidly losing value, this means that investors realize that the interest they earn will likely not be able to match the loss in current buying power. This is called opportunity cost, you all play video-games so I assume you understand the concept: If you are doing one thing with your resources, you can't do something else. Getting more pounds doesn't matter if the larger sum of pounds is likely to be worth less than what you could buy with it now.

This means that investment in the UK, or at least Britain, will stop and people will rapidly ditch UK assets, meaning a stock market crash. This in fact already happened, and there is talk about closing the stock market, which would dramatically damage investor confidence even more. It is a mad race to ditch toxic assets, which is pretty much the herald of a severe recession.

This is super basic shit that anyone with even a basic understanding of economics can fucking tell you, which is why UK economists fucking BEGGED you to not vote yes. But you did, so now it is time to post the memes.



Watching British savings get wiped out is like watching the sub count on the Fine Bros drop. All Britons are now 12% poorer from yesterday. Your fucking currency just dropped by 2 percent of its original value in the time it took me to write this shit.

Grazyn wrote:Ulster joining Ireland

CosmicScientist wrote:

Anonmare wrote:To be honest I think jumping ship was the right call. The EU was a sinking ship and waiting for it to collapse would have been worse than jumping overboard in a survival suit. Sure it hurts now but it would have been worse to wait for the inevitable.

Plus I don't know about anyone else but I absolutely do not want to be ruled by laws made by a bunch of pencil-pushing bureaucrats from Brussels whom I never voted for. Not being ruled by new EU legislation makes whatever damage to the economy worth it (plus it's not like we're some banana republic shithole so the attitude that we will never regain economic prosperity is laughable).

Yeah! We're a JCB Republic shithole! That is our chief export, right?

But seriously now, you're going deep enough it's getting hard to recognise the sarcasm.

Wait, does this mean I won't be able to afford anything in the Steam Summer sale? Shit. The world's dead to me.

Spoiler:

Incomptinence wrote:I always wondered why /pol/ thinks voting just like grandma is edgy.

XSI wrote:Wow, what a mess

But can anyone really be surprised?
The bankers who mainly do currency trading said "If you brexit we will devalue your currency by a shitton"

And lo and behold, the currency got fucked by those bankers. I'd wonder if they should possibly be arrested for attempting to threaten people into voting one way, but the small ones are probably not at fault. They just go along with it. There's big ones bet billions on the currency failing, word gets out and everyone thinks the currency is worth a bit less now since they invested a lot of money in it so it has to be right...And then it becomes a self-fulfilling prophecy as people notice the currency being worth less, so they hop on the bandwagon and sell sell SELL!

The EU was a mistake, it should never have been formed past the trade deals from post WW2. But I'd still rather have countries leaving it one by one than the EU driving said countries to a war for independence by refusing them the right to leave

An0n3 wrote:What does the UK make that we want pounds to buy?