'Brexit' wins, UK to leave the EU?
- Thread starter griffin
- Start date
Re: Brexit wins, UK to leave the EU
Ha! Well here is a amusing (?) side note on this whole affair. This article is from Exopolitics, the video of the speech can be seen on the website if anyone's interested, I dont speak French. A simple mistake? Its also odd, Junkers refers to himself as a human being and not a robot or machine
. The author goes on to speculate about ET involvement in the EU. -http://exopolitics.org/european-commission-president-says-he-spoke-to-leaders-of-other-planets-about-brexit/
Yes, I know...this is odd ball stuff. On the other hand "maybe he does speak with leaders from other worlds".
********
In a speech before the European Parliament discussing the consequences of the Brexit vote, the President of the European Commission, Jean-Claude Juncker, made the stunning comment that he had spoken about it to “leaders of other planets.” Juncker’s comment suggests that world leaders are in communication with extraterrestrials, which closely monitor global events and assess their geopolitical and ‘exopolitical’ impact.
Juncker’s speech was given on June 28 at an emergency meeting in Brussels by the European Parliament. Here is what he said in French along with the English translation:
“Il faut savoir que ceux qui nous observent de loin sont très inquiets. J’ai vu et entendu et écouté plusieurs des dirigeants d’autres planètes qui sont très inquiets puisqu’ils s’interrogent sur la voie que l’union européenne va poursuivre. Et donc, if faut rassurer, et les européens, et ceux qui nous observent de plus… loin.”
“It should be known that those who observe us from afar are very worried. I met and heard and listened to several of the leaders from other planets who are very concerned because they question the path the European Union will engage on. And so, a soothing is needed for both the Europeans and those who observe us from … farther away.”
The official transcript released by the European Commission has been edited to remove the reference to “leaders from other planets”. The transcript now reads:
J’ai vu et entendu et écouté plusieurs des dirigeants. Ils sont très inquiets ….
“I saw and heard and listened to several executives. They are very worried …”
Yet, when one listens to an audio loop of what Junker’s actually said, he very clearly includes the phrase “dirigeants d’autres planets,” which translates as “leaders of other planets,” as pointed out by native French speakers discussing Junckers speech, and also by Google Translate.
There has been clearly an official attempt to cover up Juncker’s admission to having spoken to “leaders of other planets,” and making it appear as though he was instead referring to “executives” concerned about Brexit. So what did Juncker have in mind when he said he spoke with “leaders of other planets”?
One possible interpretation is that he meant to say that he had spoken with “other planetary leaders” outside of the European Union, and made a simple grammatical error as some contend. If so, then why wasn’t the official transcript corrected to make it clear that he had misspoken? Furthermore, it is difficult to imagine a major world leader would make such a dramatic error in an important speech to the European Parliament without realizing it immediately and correcting that error on the spot.
Also, at several points in his speech, Junckers makes references to himself as a “human being” and not a robot or a machine, suggesting that some in his intended audience are not human as one native French speaker has noted in translating and interpreting his comments in a helpful thread on the Project Avalon Forum.
Ha! Well here is a amusing (?) side note on this whole affair. This article is from Exopolitics, the video of the speech can be seen on the website if anyone's interested, I dont speak French. A simple mistake? Its also odd, Junkers refers to himself as a human being and not a robot or machine
. The author goes on to speculate about ET involvement in the EU. -http://exopolitics.org/european-commission-president-says-he-spoke-to-leaders-of-other-planets-about-brexit/ Yes, I know...this is odd ball stuff. On the other hand "maybe he does speak with leaders from other worlds".
********
In a speech before the European Parliament discussing the consequences of the Brexit vote, the President of the European Commission, Jean-Claude Juncker, made the stunning comment that he had spoken about it to “leaders of other planets.” Juncker’s comment suggests that world leaders are in communication with extraterrestrials, which closely monitor global events and assess their geopolitical and ‘exopolitical’ impact.
Juncker’s speech was given on June 28 at an emergency meeting in Brussels by the European Parliament. Here is what he said in French along with the English translation:
“Il faut savoir que ceux qui nous observent de loin sont très inquiets. J’ai vu et entendu et écouté plusieurs des dirigeants d’autres planètes qui sont très inquiets puisqu’ils s’interrogent sur la voie que l’union européenne va poursuivre. Et donc, if faut rassurer, et les européens, et ceux qui nous observent de plus… loin.”
“It should be known that those who observe us from afar are very worried. I met and heard and listened to several of the leaders from other planets who are very concerned because they question the path the European Union will engage on. And so, a soothing is needed for both the Europeans and those who observe us from … farther away.”
The official transcript released by the European Commission has been edited to remove the reference to “leaders from other planets”. The transcript now reads:
J’ai vu et entendu et écouté plusieurs des dirigeants. Ils sont très inquiets ….
“I saw and heard and listened to several executives. They are very worried …”
Yet, when one listens to an audio loop of what Junker’s actually said, he very clearly includes the phrase “dirigeants d’autres planets,” which translates as “leaders of other planets,” as pointed out by native French speakers discussing Junckers speech, and also by Google Translate.
There has been clearly an official attempt to cover up Juncker’s admission to having spoken to “leaders of other planets,” and making it appear as though he was instead referring to “executives” concerned about Brexit. So what did Juncker have in mind when he said he spoke with “leaders of other planets”?
One possible interpretation is that he meant to say that he had spoken with “other planetary leaders” outside of the European Union, and made a simple grammatical error as some contend. If so, then why wasn’t the official transcript corrected to make it clear that he had misspoken? Furthermore, it is difficult to imagine a major world leader would make such a dramatic error in an important speech to the European Parliament without realizing it immediately and correcting that error on the spot.
Also, at several points in his speech, Junckers makes references to himself as a “human being” and not a robot or a machine, suggesting that some in his intended audience are not human as one native French speaker has noted in translating and interpreting his comments in a helpful thread on the Project Avalon Forum.
Re: Brexit wins, UK to leave the EU
Panic’ Withdrawals Halt Four More U.K. Property Funds (Video)
July 6, 2016 — 11:59 PM CEST‘
_http://www.bloomberg.com/news/articles/2016-07-06/henderson-suspends-5-billion-real-estate-fund-on-liquidity
Four more U.K. property funds froze withdrawals as investors sought to dump real estate holdings in the aftermath of Britain’s vote to leave the European Union.
https://www.youtube.com/watch?v=tN9EC3Gy6Nk
http://www.moviesoundclips.net/embed.php?id=dccbc0e55a474a9893671317dc81748f
Panic’ Withdrawals Halt Four More U.K. Property Funds (Video)
July 6, 2016 — 11:59 PM CEST‘
_http://www.bloomberg.com/news/articles/2016-07-06/henderson-suspends-5-billion-real-estate-fund-on-liquidity
Four more U.K. property funds froze withdrawals as investors sought to dump real estate holdings in the aftermath of Britain’s vote to leave the European Union.
https://www.youtube.com/watch?v=tN9EC3Gy6Nk
http://www.moviesoundclips.net/embed.php?id=dccbc0e55a474a9893671317dc81748f
Re: Brexit wins, UK to leave the EU
So, Tony Blair, clearly a war criminal, will most likely not end up in jail: "International Criminal Court prosecutors have told a British newspaper that Tony Blair will not be put on trial for war crimes over his involvement in the 2003 Iraq war."
Meanwhile the ICC is still after recently released Gaddafi's son Saif al-Islam (who is innocent): "The 44-year-old Gaddafi is still wanted by the International Criminal Court in The Hague for a host of crimes against humanity, and war crimes associated with his father’s regime." Luckily however, his lawyer Khan said: "It is prohibited to try an individual twice for the same offense,".
It's pretty clear that in this world black is white, up is down, and innocent people are murderers and murderers are innocent. I still hope Jeremy Corbyn's efforts will have some effect.
So, Tony Blair, clearly a war criminal, will most likely not end up in jail: "International Criminal Court prosecutors have told a British newspaper that Tony Blair will not be put on trial for war crimes over his involvement in the 2003 Iraq war."
Meanwhile the ICC is still after recently released Gaddafi's son Saif al-Islam (who is innocent): "The 44-year-old Gaddafi is still wanted by the International Criminal Court in The Hague for a host of crimes against humanity, and war crimes associated with his father’s regime." Luckily however, his lawyer Khan said: "It is prohibited to try an individual twice for the same offense,".
It's pretty clear that in this world black is white, up is down, and innocent people are murderers and murderers are innocent. I still hope Jeremy Corbyn's efforts will have some effect.
Re: Brexit wins, UK to leave the EU
Putin on Brexit: "Anything I say will be manipulated"
https://youtu.be/ER8V5L8WC4c
I thought this part is interesting, Putin said: (1.25 min)
When it comes to David Cameron, the Prime Minster of the UK. If Brexit is such a big threat, why then did the initiate it?
Why is he doing it? Who are they trying to blackmail – or who are they trying to scare?
What is the purpose of this referendum, if Cameron himself does not support it?
Putin on Brexit: "Anything I say will be manipulated"
https://youtu.be/ER8V5L8WC4c
I thought this part is interesting, Putin said: (1.25 min)
When it comes to David Cameron, the Prime Minster of the UK. If Brexit is such a big threat, why then did the initiate it?
Why is he doing it? Who are they trying to blackmail – or who are they trying to scare?
What is the purpose of this referendum, if Cameron himself does not support it?
Re: Brexit wins, UK to leave the EU
[quote author= Niall]Nigel Farage resigns as Ukip leader after 'achieving political ambition' of Brexit
The Guardian, 4 July 2016
Poor fool doesn't realize it's not actually gonna happen!
So they've already removed one threat to Tory hegemony.[/quote]
Farage is keeping his seat in EU parliament so whenever he deems fit he could continue on lecturing this weird cult as he once called it.
This is just new, according to the following, this contributed why he resigned :
Assassination threats forced UKIP boss Nigel Farage to resign - reports
https://www.rt.com/uk/350645-assassination-threat-farage-ukip/
Brexiteer Nigel Farage stood down as UKIP leader because he feared for his life, it has emerged. Threats were also allegedly made against his family during the EU referendum campaign.
Last Monday, the Leave campaigner and MEP announced his resignation, saying Britain’s vote to leave the EU on June 23 meant his “political ambition has been achieved.”
“I have never been and I have never wanted to be a career politician.
“I couldn’t possibly achieve more than we managed to achieve in the referendum. So I think it’s right that I should stand aside as leader of UKIP. “During the referendum campaign, I said I want my country back. What I am saying today is I want my life back, and it begins right now.” However, it has been claimed Farage’s reasons for resigning may run somewhat deeper. According to the Daily Express, Farage has been disturbed by a surge in daily threats that have worsened dramatically since the vote for a Brexit. The newspaper claims he gave a police statement about threats made to his family. It is understood those threats were made against his daughters, aged 11 and 16. Would-be attackers were caught on at least two occasions trying to smuggle knives into EU referendum campaign rallies attended by Farage, the Mirror reports. Hundreds of messages have also been posted to social media making threats against Farage.
One on Twitter reads: “I will pay for someone to shoot Nigel Farage.” Another says: “Punch, stab or shoot: Nigel Farage, Boris Johnson and Michael Gove. Go! #PunchStabOrShoot.” The Daily Express says Farage’s family life has also been under strain, which contributed to his standing down. “It has been a huge chunk of my life doing this and it’s not easy, perhaps when you feel a degree of ownership of something, perhaps to let it go. “But it has come at a cost to me and perhaps those around me,” Farage said in his resignation speech. Farage, who returned to the leadership almost immediately after resigning from his post in the wake of a disappointing UKIP result at the 2015 general election has ruled out the possibility of changing his mind once more. His resignation has sparked yet another leadership battle in British politics, with his deputy Paul Nuttall and MEP Steven Woolfe among the expected contenders to succeed him.
[quote author= Niall]Nigel Farage resigns as Ukip leader after 'achieving political ambition' of Brexit
The Guardian, 4 July 2016
Poor fool doesn't realize it's not actually gonna happen!
So they've already removed one threat to Tory hegemony.[/quote]
Farage is keeping his seat in EU parliament so whenever he deems fit he could continue on lecturing this weird cult as he once called it.
This is just new, according to the following, this contributed why he resigned :
Assassination threats forced UKIP boss Nigel Farage to resign - reports
https://www.rt.com/uk/350645-assassination-threat-farage-ukip/
Brexiteer Nigel Farage stood down as UKIP leader because he feared for his life, it has emerged. Threats were also allegedly made against his family during the EU referendum campaign.
Last Monday, the Leave campaigner and MEP announced his resignation, saying Britain’s vote to leave the EU on June 23 meant his “political ambition has been achieved.”
“I have never been and I have never wanted to be a career politician.
“I couldn’t possibly achieve more than we managed to achieve in the referendum. So I think it’s right that I should stand aside as leader of UKIP. “During the referendum campaign, I said I want my country back. What I am saying today is I want my life back, and it begins right now.” However, it has been claimed Farage’s reasons for resigning may run somewhat deeper. According to the Daily Express, Farage has been disturbed by a surge in daily threats that have worsened dramatically since the vote for a Brexit. The newspaper claims he gave a police statement about threats made to his family. It is understood those threats were made against his daughters, aged 11 and 16. Would-be attackers were caught on at least two occasions trying to smuggle knives into EU referendum campaign rallies attended by Farage, the Mirror reports. Hundreds of messages have also been posted to social media making threats against Farage.
One on Twitter reads: “I will pay for someone to shoot Nigel Farage.” Another says: “Punch, stab or shoot: Nigel Farage, Boris Johnson and Michael Gove. Go! #PunchStabOrShoot.” The Daily Express says Farage’s family life has also been under strain, which contributed to his standing down. “It has been a huge chunk of my life doing this and it’s not easy, perhaps when you feel a degree of ownership of something, perhaps to let it go. “But it has come at a cost to me and perhaps those around me,” Farage said in his resignation speech. Farage, who returned to the leadership almost immediately after resigning from his post in the wake of a disappointing UKIP result at the 2015 general election has ruled out the possibility of changing his mind once more. His resignation has sparked yet another leadership battle in British politics, with his deputy Paul Nuttall and MEP Steven Woolfe among the expected contenders to succeed him.
Re: Brexit wins, UK to leave the EU
Putin had the same question I had.
My answer was 'Europe', but I now think possibly also the US, if we take into consideration Britain's overtures towards China late last year. I wonder if British and British-based financiers see the writing on the wall for the US dollar and have calculated that they can hedge their bets by switching London's 'world banking services' to catering for a potential future role for the yuan as 'world reserve currency'.
Indeed!
Putin had the same question I had.
bjorn said:
My answer was 'Europe', but I now think possibly also the US, if we take into consideration Britain's overtures towards China late last year. I wonder if British and British-based financiers see the writing on the wall for the US dollar and have calculated that they can hedge their bets by switching London's 'world banking services' to catering for a potential future role for the yuan as 'world reserve currency'.
bjorn said:
Indeed!
Re: Brexit wins, UK to leave the EU
Philip Hammond has 'no doubt' Britain will be able strike free trade deal with China
The Telegraph, UK, 24 July 2016
By posting this development, I don't mean to suggest that Brexit was 'fixed' with this outcome in mind; rather that the UK elite was moving in this direction anyway, and their Brexit cock-up, and resulting crisis, has presented an opportunity to cement the move.
Quite what China wants out of this, I don't know. Historically, it never wanted anything but gold and silver from Britain, and when Britain could no longer deliver, it swamped China with opium and ushered in that country's 'century of humiliation'.
Maybe the Chinese are doing this with a view to separating the UK from the US, thereby weakening the Empire?
Niall said:
Philip Hammond has 'no doubt' Britain will be able strike free trade deal with China
The Telegraph, UK, 24 July 2016
By posting this development, I don't mean to suggest that Brexit was 'fixed' with this outcome in mind; rather that the UK elite was moving in this direction anyway, and their Brexit cock-up, and resulting crisis, has presented an opportunity to cement the move.
Quite what China wants out of this, I don't know. Historically, it never wanted anything but gold and silver from Britain, and when Britain could no longer deliver, it swamped China with opium and ushered in that country's 'century of humiliation'.
Maybe the Chinese are doing this with a view to separating the UK from the US, thereby weakening the Empire?
Heather
Dagobah Resident
Re: Brexit wins, UK to leave the EU
To echo what's being said here by giving a few specifics check out this interview with Jim Willie (whom I mentioned earlier, and whom I've only just come upon recently to get further info. on the big picture financially speaking).. but check this out starting at 35:00:
https://youtu.be/-E4By6hOdbk
.. or to quote the same material from Jim Willie here:
"I think there was a miscalculation. Cameron lobbied toward the vote a year ago when he thought it would not pass. He miscalculated, so he resigned. And so we basically have no power structure at the top in England and London. I like to say the only power structure there is the head of City of London and the financial center. It's kind of like a financial mayor, if you will… [like] a chairman of the Chamber of Commerce…
... What I think scared the bejesus out of the British was the new ties that the Chinese have been making with European financial centers. In particular, Zurich, Switzerland and Frankfurt, Germany. They're setting up RMB trading hubs there.. [FYI, the renminbi (RMB) is the official Chinese currency].. that's to do bond issuance and to do RMB currency trading… there's also an RMB hub in Paris, France--these are small, but Frankfurt's going to be big. And I think London got scared that the continent might offer them competition in ways that they never have before. So, instead of working through Brussels they decided let's rebel against Brussels, tell 'em to go to hell, and work out our own Chinese deals for the RMB Center in London. And they've already issued in London some sovereign bonds for the Spanish government debt, and by that I mean Spain called up London, said sell some bonds, the fee structure's in place for your profit to your brokers, the denomination of the bond for Spanish government debt will be Chinese RMB currency, let it fly--and they did. I think it was a three billion dollar worth of bonds in RMB. This is the sort of thing the British did not want to lose to Frankfurt and Zurich. And now look for some LNG natural gas deals with Russia and Gazprom, they don't have to abide by the sanctions…[instead] the British are going to cut deals with the Russians."
To echo what's being said here by giving a few specifics check out this interview with Jim Willie (whom I mentioned earlier, and whom I've only just come upon recently to get further info. on the big picture financially speaking).. but check this out starting at 35:00:
https://youtu.be/-E4By6hOdbk
.. or to quote the same material from Jim Willie here:
"I think there was a miscalculation. Cameron lobbied toward the vote a year ago when he thought it would not pass. He miscalculated, so he resigned. And so we basically have no power structure at the top in England and London. I like to say the only power structure there is the head of City of London and the financial center. It's kind of like a financial mayor, if you will… [like] a chairman of the Chamber of Commerce…
... What I think scared the bejesus out of the British was the new ties that the Chinese have been making with European financial centers. In particular, Zurich, Switzerland and Frankfurt, Germany. They're setting up RMB trading hubs there.. [FYI, the renminbi (RMB) is the official Chinese currency].. that's to do bond issuance and to do RMB currency trading… there's also an RMB hub in Paris, France--these are small, but Frankfurt's going to be big. And I think London got scared that the continent might offer them competition in ways that they never have before. So, instead of working through Brussels they decided let's rebel against Brussels, tell 'em to go to hell, and work out our own Chinese deals for the RMB Center in London. And they've already issued in London some sovereign bonds for the Spanish government debt, and by that I mean Spain called up London, said sell some bonds, the fee structure's in place for your profit to your brokers, the denomination of the bond for Spanish government debt will be Chinese RMB currency, let it fly--and they did. I think it was a three billion dollar worth of bonds in RMB. This is the sort of thing the British did not want to lose to Frankfurt and Zurich. And now look for some LNG natural gas deals with Russia and Gazprom, they don't have to abide by the sanctions…[instead] the British are going to cut deals with the Russians."
Re: Brexit wins, UK to leave the EU
Is it one more bluff move to increase pressure on the EU and obtain more concessions?
In "Victory For Eurosceptics" British PM Will Begin Brexit Negotiations Without Parliamentary Vote
http://www.zerohedge.com/news/2016-08-27/victory-eurosceptics-british-pm-will-begin-brexit-negotiations-without-parliamentary
Is it one more bluff move to increase pressure on the EU and obtain more concessions?
In "Victory For Eurosceptics" British PM Will Begin Brexit Negotiations Without Parliamentary Vote
http://www.zerohedge.com/news/2016-08-27/victory-eurosceptics-british-pm-will-begin-brexit-negotiations-without-parliamentary
Re: Brexit wins, UK to leave the EU
UK PM says will begin Brexit process before German election - Sunday Times
https://www.rt.com/news/line/
Britain will not wait for German elections due in September 2017 before triggering Article 50 to begin the formal process of leaving the European Union, Prime Minister Theresa May told the Sunday Times newspaper. May, who will give a speech to members of the ruling Conservative Party on Sunday, ruled out an early general election, saying it would cause "instability", but said she would repeal the 1972 European Communities Act which took Britain into what is now the EU. "We will introduce, in the next Queen's speech, a Great Repeal Bill that will remove the European Communities Act from the statute book," she told the newspaper. Overturning the act will take legal effect once Britain formally leaves the European Union, the newspaper reported. (Reuters)
UK PM says will begin Brexit process before German election - Sunday Times
https://www.rt.com/news/line/
Britain will not wait for German elections due in September 2017 before triggering Article 50 to begin the formal process of leaving the European Union, Prime Minister Theresa May told the Sunday Times newspaper. May, who will give a speech to members of the ruling Conservative Party on Sunday, ruled out an early general election, saying it would cause "instability", but said she would repeal the 1972 European Communities Act which took Britain into what is now the EU. "We will introduce, in the next Queen's speech, a Great Repeal Bill that will remove the European Communities Act from the statute book," she told the newspaper. Overturning the act will take legal effect once Britain formally leaves the European Union, the newspaper reported. (Reuters)
Re: Brexit wins, UK to leave the EU
90 Days Later: Still No Signs Of Brexit 'Doom & Gloom'
http://www.zerohedge.com/news/2016-10-01/90-days-later-still-no-signs-brexit-doom-gloom
For the first half of the year, we were warned early and often by authorities that the Brexit vote could be a calamity for the ages.
For example, the IMF claimed that a “Leave” result would threaten to “cause severe damage”, while Standard and Poor’s said that it would “paralyze” investment in the UK.
But, as Visual Capitalist's Jeff Desjardins notes, it turns out that the real Brexit casualty isn’t the UK economy – instead it is the reputation of the many professional economists who wrongly predicted doom and gloom as the likely aftermath.
THE STORY SO FAR
Today’s chart looks at the three months before and after the Brexit vote, which took place on June 23, 2016.
Courtesy of: Visual Capitalist
The two charts tracked are the GBP/EUR and the FTSE 100. The former is the price of the British pound in terms of euros, and the latter is a major stock index that includes the largest companies listed in London, such as Barclays, Glencore, HSBC, Royal Dutch Shell, or Sainsbury’s.
As expected, both markets have seen some action in the aftermath of the vote to leave. The pound has depreciated in terms of euros, but it is still higher now than it was from 2009-2011 in the post-crisis period. Against the ultra-strong USD, the pound is at decade-lows – but many other currencies are in similar territory as well.
The FTSE 100 is another story. It’s relatively close to all-time highs – and even despite the fears of a potential collapse of Deutsche Bank, it’s climbed over 12% since the initial Brexit slump.
In both cases, the action was partly underscored by the Bank of England, which announced a new stimulus program (QE) after its August meeting, while cutting rates from 0.5% to 0.25%.
OTHER INDICATORS
While there’s been movement in the currency and equity markets, other economic indicators have been status quo or better for the UK so far.
Retail sales beat in July and August, and unemployment remains at 11-year lows. Purchasing manager indices dropped temporarily, but jumped back up.
The economists that predicted that the sky was falling? They’ve been forced to revise growth expectations back up, at least on a short-term basis. It’s been dubbed the “Brexit Bounce” by The Spectator, a conservative magazine based in London.
While there is likely still going to be some long-term fallout from the Brexit decision, many “experts” blew it on this one.
90 Days Later: Still No Signs Of Brexit 'Doom & Gloom'
http://www.zerohedge.com/news/2016-10-01/90-days-later-still-no-signs-brexit-doom-gloom
For the first half of the year, we were warned early and often by authorities that the Brexit vote could be a calamity for the ages.
For example, the IMF claimed that a “Leave” result would threaten to “cause severe damage”, while Standard and Poor’s said that it would “paralyze” investment in the UK.
But, as Visual Capitalist's Jeff Desjardins notes, it turns out that the real Brexit casualty isn’t the UK economy – instead it is the reputation of the many professional economists who wrongly predicted doom and gloom as the likely aftermath.
THE STORY SO FAR
Today’s chart looks at the three months before and after the Brexit vote, which took place on June 23, 2016.
Courtesy of: Visual Capitalist
The two charts tracked are the GBP/EUR and the FTSE 100. The former is the price of the British pound in terms of euros, and the latter is a major stock index that includes the largest companies listed in London, such as Barclays, Glencore, HSBC, Royal Dutch Shell, or Sainsbury’s.
As expected, both markets have seen some action in the aftermath of the vote to leave. The pound has depreciated in terms of euros, but it is still higher now than it was from 2009-2011 in the post-crisis period. Against the ultra-strong USD, the pound is at decade-lows – but many other currencies are in similar territory as well.
The FTSE 100 is another story. It’s relatively close to all-time highs – and even despite the fears of a potential collapse of Deutsche Bank, it’s climbed over 12% since the initial Brexit slump.
In both cases, the action was partly underscored by the Bank of England, which announced a new stimulus program (QE) after its August meeting, while cutting rates from 0.5% to 0.25%.
OTHER INDICATORS
While there’s been movement in the currency and equity markets, other economic indicators have been status quo or better for the UK so far.
Retail sales beat in July and August, and unemployment remains at 11-year lows. Purchasing manager indices dropped temporarily, but jumped back up.
The economists that predicted that the sky was falling? They’ve been forced to revise growth expectations back up, at least on a short-term basis. It’s been dubbed the “Brexit Bounce” by The Spectator, a conservative magazine based in London.
While there is likely still going to be some long-term fallout from the Brexit decision, many “experts” blew it on this one.
Re: Brexit wins, UK to leave the EU
That doesn't surprise me, given the dollar's strength: London is the clearing center for both petrodollars (Middle Eastern oil trade conducted in dollars) and eurodollars (European trade conducted in dollars). As long as the US is strong, the UK is strong.
Sure, as long as the US is on top. But when that ends, I think it's curtains for the UK (and a lot of other countries, mind you).
Translation: no elections because Corbyn would win. We need some time to figure out what to do with him...
For people so concerned about stability (of their power), they sure know how to destabilize everything.
That doesn't surprise me, given the dollar's strength: London is the clearing center for both petrodollars (Middle Eastern oil trade conducted in dollars) and eurodollars (European trade conducted in dollars). As long as the US is strong, the UK is strong.
Sure, as long as the US is on top. But when that ends, I think it's curtains for the UK (and a lot of other countries, mind you).
Translation: no elections because Corbyn would win. We need some time to figure out what to do with him...
For people so concerned about stability (of their power), they sure know how to destabilize everything.
Re: Brexit wins, UK to leave the EU
Article 50 Perfectly Timed
https://mishtalk.com/2016/10/09/article-50-perfectly-timed/
Labour spin doctor, Alastair Campbell Slammed the Prime Minister for Revealing the Article 50 Timing. Others have done the same.
Timing of the article 50 announcement, by March 2017, is ahead of French and German elections. Politicians will have elections, not Brexit on their minds.
Many blame Theresa May because it will take time off the negotiations.
Politically speaking, May knows precisely what she is doing.
Those who think otherwise, need to consider how well she has rounded up support in many quarters by offering something to everyone: UK Prime Minister Attacks QE, Irresponsible Capitalism, Tax-Dodging Companies.
The date was carefully timed, precisely to put pressure on Angela Merkel by German car manufacturers (European car manufacturers and businesses in general), telling Merkel to go easy.
Late last week the Financial Times reported Merkel Warns European Business Not to Press for ‘Comfortable’ UK Trade Deals.
Businesses are going to press for free trade, and they should. Is the loss of jobs worth the alleged “integrity” of the “single market”?
If you have to act like gang leaders to maintain integrity, how much integrity do you really have?
Merkel will not listen of course, but will she be around? Another mess could just do her in. Well done, Theresa May!
Article 50 Perfectly Timed
https://mishtalk.com/2016/10/09/article-50-perfectly-timed/
Labour spin doctor, Alastair Campbell Slammed the Prime Minister for Revealing the Article 50 Timing. Others have done the same.
Timing of the article 50 announcement, by March 2017, is ahead of French and German elections. Politicians will have elections, not Brexit on their minds.
Many blame Theresa May because it will take time off the negotiations.
Politically speaking, May knows precisely what she is doing.
Those who think otherwise, need to consider how well she has rounded up support in many quarters by offering something to everyone: UK Prime Minister Attacks QE, Irresponsible Capitalism, Tax-Dodging Companies.
The date was carefully timed, precisely to put pressure on Angela Merkel by German car manufacturers (European car manufacturers and businesses in general), telling Merkel to go easy.
Late last week the Financial Times reported Merkel Warns European Business Not to Press for ‘Comfortable’ UK Trade Deals.
That Merkel felt the need to make such statements shows precisely whet she is up against.
Businesses are going to press for free trade, and they should. Is the loss of jobs worth the alleged “integrity” of the “single market”?
If you have to act like gang leaders to maintain integrity, how much integrity do you really have?
Merkel will not listen of course, but will she be around? Another mess could just do her in. Well done, Theresa May!