2k16 /pol/

[Zilenan91]

Bottom post of the previous page:

The euro dropped 8.4% in value over the course of 5 hours after Britain left the EU

1% is a massive drop typically

[Zilenan91]

Global recession is likely in the near future. The euro continues to drop.

[dezzmont]

Yeah, but the Pound is dropping faster, fast enough that its a scenario where you have a market panic. Just as Britain was pretty much utterly economically dependent on the EU, seriously its fucking funny you guys literally set yourselves up to be attractive HQs for EU companies due to control over your monetary policy leading to a stable currency combined with access to the EU's free trade zone and the massive tax incentives and political power the City of London offers, the EU benefited from Britain's stock market.

But make no mistake, this is mostly a reaction to the British stock market utterly crashing, not a real fear of the dissolution of the EU. No one is going to fucking leave the EU and 'pull a Brexit' on their economy. The question is if the Euro will stabilize fast enough to maintain investor confidence, or if everyone is going to go for China and the US now.

My prediction, and I am a lot less confident of this than I am of how hilarious a fuckup Britain just made, is that once it becomes clear that there won't be a wave of Eurozone exits the EU will recover and Germany will likely take the place of the UK in terms of international investments, assuming the UK actually leaves and this isn't a fucking hilarious sequel to 2013's US government shutdown, a game political chicken to see who can destroy their country juuust enough to make things shitty but not to ruin it forever. There is already some indication that investors are much more confident in the Euro bouncing back, which may cause a chilling effect on the EU economy but won't cause a market panic like what is currently happening in the EU.

[Grazyn]

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.

I feel you man, I was trying to point out this Schengen thing on digg and other online forums but the tide of "Finally we can stop Merkel from letting her muzzies on our island!" has engulfed everything. It doesn't help that oblivious Americans are the most vocal on the whole issue. My fault for attempting to argue on the internet.

Not that it matters anyway since most of islamic radicalism in Europe is homegrown and terrorists are usually second or even third generation citizens. The 2005 London bombings were carried out by british citizens, as was the transatlantic aircraft plot, and so on. Yes the UK has tons of muslims and yes maybe they will burn down everything in the long run, but the EU has nothing to do with it.

[DemonFiren]

>digg

HAHAHAHAHAHAHAHAHAHAHAHA your fault indeed

[ShadowDimentio]

Someone needs to put together a video of all the panic and celebrating and reactions, it'll be legendary. Historic shitposting.

[Grazyn]

>digg

HAHAHAHAHAHAHAHAHAHAHAHA your fault indeed

I created an account just to post that thing. I've seen a ton of bullshit upvoted into the tens of thousands on that mess of a website before, but this was the last straw and I just HAD to reply you know man? I had to. Now I know better and won't be making the same mistake again

[Zilenan91]

Pound has dropped by 12%

Still going

[Thunder11]

Alternately, the EU solves their problem with far right groups wanting their own escape by using our negotiations to leave as a way to crucify us to make an example to the rest.

[Zilenan91]

Yeah all that Free Money and More Jobs will surely fix everyone having lost 10-20% of their savings in 7 hours alone

[Anonmare]

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).

[Grazyn]

Most interesting thing will be Scotland leaving and Ulster joining Ireland

[bandit]

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.

a korean currency trader reacts to his economy being fucked by brexit http://bigstory.ap.org/article/d4930c21 ... al-markets

[Anonmare]

Ulster joining Ireland

Will literally never happen. Wales has a greater chance of becoming it's own country than Ulster being a part of the republic of Ireland.

[Sidon]

D-d-d-damage control

America did it better btw

[DemonFiren]

Sexit when?

[Anonmare]

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.

I'm always sarcastic, I'm never serious fampai. Also we don't export, we're a tertiary sector based economy. I'll post a meme image so you can identify the levels of complexity I'm going to.

Spoiler:

[Takeguru]

So, when does the EU completely fall apart/get turned into the Fourth Reich by Merkel

[Anonmare]

You're gonna have to have a referendum for that m80

[oranges]

Bullshit you're being sarcastic you're repeating all of /brit/pol's talking points like a parrot

Still I shorted the pound and made my 80 kiwi dollars into 200 so thanks I guess.

edit:350!

[Anonmare]

Sorry Oranges but even you can't ruin my good mood right now.

[Incomptinence]

Disingenuous pretending that immigrants were flooding prior to brexit aside it will actually work as an anti-immigration measure.
UK will become such a hole no one will want to go there muslims included.

This is good news for the Australian republican movement.

[dezzmont]

It may in all seriousness may make immigration worse, because the UK absolutely needs free trade to survive and already has way more concessions than the other member states. It may be forced to participate in Schengen, to pay EU dues, or give up the pound. And its companys will still have to follow EU laws to trade with the EU. UK businesses are basically telling the government point blank they are not going to have strict border control at this time.

[Zilenan91]

Leaving the EU was utterly pointless

[dezzmont]

It wasn't pointless.

If the UK gets downgraded to an AA credit rating they will officially have a debt spiral and plunge into a massive depression.

So it was less than pointless!

[RedMcCloud]

This is the biggest fuckup of the 21st century so far and I am enjoying every second of it

[ColonicAcid]

Thus I will have to deal with the burden of the baby boomers voting to leave the EU.

[Incomptinence]

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

[Grazyn]

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

A lot of reasons, mainly a smudge of nihilism, South Park culture "caring about stuff is gay", classic rebellion against mainstream opinions (when I was a teenager most governments were right wing so being a socialist anarco-communist was cool, now the left is the most common political alignment so being far right-neocon is cool)

[XSI]

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

[RedMcCloud]

[DemonFiren]

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

Am I seriously reading this?
Wow.

[Anonmare]

>tfw I will leave to see the end of Germoney's Fourth Reich.

[Incomptinence]

Can we remove england from planet earth next?

Such rare luck to find a tumour that removes itself.

[Wyzack]

Up here we are just nervously clutching our beer and maple syrup deciding if we should flee into our nuclear bomb shelter beaver dams

[Comrade Leo]

Holy shit the salt on brexit on FB is unreal:

REEEEEEEEEEEEEEEE Old people REEEEEEEEEEEEEEEEEEEE

Cameron's fucking off so at least some good has come of it, just wish dishface would take that fuckboi osbourne with him. Then again Boris "Balls to the wall" Johnson is tipped to take leadership with Michael "Pob" Gove lurking in the back like a soggy plastic bag stuck in a tree.
All that back pedaling and crying from the media that everyone is retracting their brexit statements. It's political gold, so much salt, babbies first political disappointment. Buckle up you faggots.

[InsaneHyena]

Ahahahaha

[bandit]

reminder that david cameron fucked a dead pig

[Timbrewolf]

Here in the States I think most people already care so little about their own government that news about other governments doesn't even register.

If you could explain it in terms of basketball or some other sport you might get someone to give a shit. Maybe.

[Malkevin]

>The currency is falling! The currency is falling!

As it did in 1992 when we told the EU to shove its Euro up its waxed arse.

Currency went down because the moneymen saw it as an opportunity to force it down and make a shit load of money, they'll now buy cheap and make another shit load of money once the pound rebounds.

[Timbrewolf]

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

[Malkevin]

Sandwiches - we invented them therefore you must pay us royalties.

[XSI]

Humour

Yes, I spelled that right. It's a British export after all

[Timbrewolf]

I'll take your Emma Watson and uhhh...

yeah that's really all I want from the UK thanks.

[ShadowDimentio]

WW3: Not Germany's Fault Edition

[MrEousTranger]

Well I'm glad no one here wants to vote for hillbillary shitler

[Grazyn]

Carrion birds have arrived. Spain wants Gibraltar, Ireland will get Ulster, Scotland is gonna leave and rejoin the EU. Meanwhile brexit voters are going "I voted leave but I didn't think my vote would count". Can't make that stuff up

[dezzmont]

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

That is the real question now, because the UK is no longer a good entry point to the Eurozone which is what people used it for.

I think their steel industry is crashing too, so the pound will only be worth something if it gets devalued to the point the UK can export stuff at prices like China can.

[Malkevin]

Londonistan probably will declare independence in a few years anyway, like Kosovo.

Dead paedophile worshipping mayor is trying to force in sharia law by banning the "beach body ready" advert because it showed too much skin.

[DemonFiren]

It'd be somewhat historically amusing to see London end up like Hong Kong.

[Zilenan91]

It's scaring me that I can't tell if people are joking with the Sharia Law meme shit.