>I-I-It'll bounce back, its already recovering!
remember all the fags saying this on Friday?
>>78992483
If you zoom in enough on most graphs this shit happens. Lets not worry about it right now
looks like it's starting to already
>>78992483
It's usually an economic boost when a currency gets devalued, dumbass.
Products being cheaper from one particular country would encourage others to pour money into it. Actual Brits won't get affected either unless they want to suddenly buy a lot of shit from another country for some reason.
>Relying on currencies
This is why I have gold.
>>78992483
If you think that's bad wait until an EU country leaves the EU and Euro whilst systematically setting up a brand new currency.
UK has it easy we kept the £
>>78993100
Are there any remaining EU countries that have their own currency?
that's hw over inflating the value was as a result of the politicians trying to make everything look normal.
>>78993198
Kroner for Scandinavia.
tfw no Gulden
tfw born too late to stop it
>>78992483
>long term economics can be determined by looking at what happened over a weekend
Yeah, fuck off with that shit.
>>78993061
>>78992831
>implying UK has a production based economy
>>78992483
Time to invest in the GBP?
literally irrelevant
just a bunch of financial kikes punishing the goyim
Buy the £, holy shit
>>78993476
This
This
This
wew
>>78992483
hey op most of that money was the rich fucks who got what they should have
also i like how you showed the whole week and not the whole year or month
>pic related
>>78993325
>housing bubble and all other major depressions and recessions happened after a stock market crash in a relatively short period of time
hmmmmm
>>78993622
m8 you didnt show shit either
>>78993622
I like how you showd only a small part instead of 10 years
>>78993198
Yes quite a few after a quick google:
Bulgaria – Lev
Croatia – Croatian Kuna
Czech – Republic Koruna
Denmark – Kroner
Hungary – Forint
Poland – Zloty
Romania – Leu
Sweden – Krona
UK – Pound
Out of 28 (I think) EU member countries
>>78992483
A serious question since you're uninformed about economics:
What did you expect to happen to the value of the Pound? What did you expect to happen to the stock market? Did you expect that by the UK leaving the EU suddenly there'd be thousands of companies throwing money into the system through investment or there'd be a massive spike in the value of the pound, making it more valuable than any EU currency? Turn your brain on for half a second, faggot. You embarrass me as your countryman.
>>78993622
>he think rich fucks have a lot of wealth in cash
lmao this hurts poorfags the most, literally everything they buy is more expensive, they make less, the poor just got a little more poorer. The rich found 10 different ways to make money off this already.
>>78993622
also here is a whole year
>>78993598
You should check the dates on that green area
>>78992483
>muh GBP much stronker inside EU than outside EU!!!111!1!
>>78992483
>I don't know how to zoom out
Loling at these ukip cucks trying to spin this as a temporary thing. Just admit you're fucking dumb and regret voting to leave.
Protip:
You guys are fucked.
Globalists have spoken.
>>78992483
nice, going to buy up a shit load later today
>>78993799
Those all seem like meme currencies.
What happened to the Franc?
>>78993928
>>78993598
>implying there wasn't a global recession
>implying the euro wasnt widely used
>>78994079
washington was a cuck for leaving the empire
>>78993848
I think he was just showing the overreaction of the brexit pound-devaluation juxtaposed with the world banking crisis
>gbp
so what is the best way to make money now? buy stocks that have dropped down a little?
>>78993928
https://www.youtube.com/watch?v=h0EAsc-pVKM
>>78994081
The globalists are walking on eggshells after the vote. They got fucking blasted and didn't see it coming, they are afraid.
The U.K. got lucky, they will get off light. If they get punished too blatantly it will just cause more anger in places like Denmark and France which only need a tip to leave and ruin everything.
They will be quiet and continue to work in the background to achieve their goals, let the drama die down fast and let everything resume as normal. You can tell that's what's happening already. The U.K. saved themselves.
>>78992483
OH MUH GAWD IT'S PLUMMETED ALMOST 2 10THS OF A POINT!
uh oh
I posted a fact that doesn't align with the left-wing media
quick, shut down the thread!
>>78993598
>>78993928
>eur showed a much smaller dip than the GBP
>implying that the USD is at a constant state and that its a unit of constant measurement over time
kys
>>78994303
Yeah, they're on discount now. Just buy up American stocks.
Everyone will realize, who literally gives a fuck about the UK? Clinton will win, slow but steady job growth and corporate profits will continue.
S&P500 will easily be back to 2100, probably 2200 end of year.
>>78994113
>What happened to the Franc?
Assimilated nolonger exists
Every other EU country bar that small list uses the Euro now, like I said, we have it easy, we kept our £ and have a strong economy to bear the brunt of our EU departure
>>78994502
youre the dude who would make a bar graph during school and ask did it double, but bar graph zoomed in so much that it looks like it doubled when its only a .01% difference
>>78992483
It will but not instantly
it dropped due to the people threatening Britain to remain being butthurt.
They are just trying to exert dominance but you can ignore them as it will correct for the market which now that Britain has independence on it's own economy and the EU owes Britain a massive amount and is one of the leading suppliers and producers in the EU.
Britain will do fine
>>78994565
do you think there is a chance that someone will come in and buy twitter since the price is so fucking cheap and that whole company has gone to shit?
not sure if i should snag some of that while it's cheap since ms just bought linkedin
Looks like time to start buying gold before the euro crashes forever boys
>implying this wasn't part of our master plan
Calm down OP, now is not the time for fear. That comes later.
>>78994809
>Britain will do fine
Also the older generations grew up in post-war Britain, myself I grew up in Thatchers Britain we're used to a little hardship and recession, the millenial-liberals though, they'll squeal loudest.
GBP was overvalued anyway and would have seen a downwards correction sooner than later
>>78994601
I was listening to a dude on NPR the other day (liberal propaganda bullshit most of the time but had a good segment on Brexit) saying that they pushed hard to get Britain to disband the pound and adopt the Euro exclusively, and used the same threats the remain campaign used. Economic collapse, total disaster, ect. Turns out that's exactly what would have happened if they adopted the Euro and didn't have the pound right now.
Then they interviewed a middle class British guy who runs a shop who voted leave. He said his business will really hurt for a while, but some things are more important than money and this was the last chance to take a stand. He says he takes his little daughter to the park and they are the only two with a British accent, and then he started crying about how proud he was of his country. I cried with him. God bless you.
>>78994859
Twitter is public, but I'm not talking about picking individual stocks, just mutual / index funds. The average person should just keep socking savings away in US stocks equities. The US will continue to outperform the global market.
>>78995282
i was looking for stocks that pay dividens as a form of passive income
>>78995183
>He says he takes his little daughter to the park and they are the only two with a British accent
Thanks "diversity." Damn.
>>78995183
> He says he takes his little daughter to the park and they are the only two with a British accent
How little do you have to have in your life to care about national identity THAT MUCH? especially since English is spoken world wide and hell a lot of major music hits in europe is ENGLISH
>>78994987
EU: "I broke you... how have you come back?"
>>78995472
Is this liberal "empathy" showing it's true colors again? God forbid someone might want to preserve their culture.
Nobody cares lol
Rivers of fucking blood have been spilled for self-determination, democracy and freedom. Be glad it's just a 3% devaluation of the Pound.
Funny how soon as the bankers and fx traders freak out, the "we can't let the 1% dictate our democracy" leftists start freaking out too. Bunch of fucking lemmings.
>>78995472
When you get out of your liberal hugbox you realize that diversity has a huge and terrifying price.
>>78993622
pic for ants!
>>78992776
FPBP
It hasn't been a full week and the cucks are crying all is lost.
>>78995376
>>78995698
>>78995782
thats not diversity thats cultural importation and eduction
here is a top 100 music list of france, notice how many english hits are one there
http://www.shazam.com/charts/top-100/france
There's preserving your culture then there's being stuck in your ass about it when your country itself is one of the major exporter of culture and has THREE other large cultural entities in your country.
>>78993061
>unless they want to suddenly buy a lot of shit from another country for some reason.
I'm not sure how much but I'm pretty sure the UK imports a lot of it's food so that might be a problem
>>78992483
CUT MY POUND INTO PIECES
>>78992483
It's been 3 days, faggot.
It won't be any worse that what Thatcher did to my city.
>>78995901
There's a difference between pointless pop singles and your own fucking neighborhood.
>>78994748
/shrug
That was just the Yahoo graph for today.
Go check it yourself.
Better yet, look at a 10 year chart.
This "oh noes the crash" is all just bullshit.
>>78995183
>they pushed hard to get Britain to disband the pound and adopt the Euro exclusively
Pretty much, again we were threatened with the propaganda of "UK will fail if you don't adopt the Euro", as you and I know they were proved wrong, also one of the reasons the EU has never quite taken a shine to us, we didn't accept the Euro and therefore didn't quite fit in with the whole "program" and "EU vision of the future"
>I cried with him. God bless you.
Thankyou for your support, exciting times ahead, sacrifices will have to be made but somebody had to take the first step,
>>78995367
http://etfdb.com/type/investment-style/dividend-etfs/
>>78994079
>L-lol cucks leaving the EU about to be demolished
>cucks
really nigger xD
>>78993476
Stay away from sterling, it will go into freefall in the next week. The Capital outflow from UK is at record levels.
We are about to make Greece look like a rich country.
>>78995901
Except when you realize that filling your nation with low IQ shitskins effectively kills your culture. Get off your liberal anti-science propaganda machine.
>>78993761
>10y timestep is adequate to display changes that have occurred within the past week
American education everyone
>>78992483
>Dropping 0.20 in 4 days
>>78995992
>>78996116
the point is Britain has huge cultural influence around the world being asshurt that people dont have your accent in the age of globalism is retarded
Id understand more if he said "I was the only white person" but cmon "I had the only british accent im glad I left the EU to stick it to globalism!" is dumb
GJ for trying to make me pro-refugee though guys
>>78992776
>I...I wouldn't worry about that right now
Says increasingly nervous UKIP cocksucker. Face it. The EU was the closest you'd ever get to your precious faggoty LARPy dream of a "Fourth Reich", and it's dissintegrating, and taking our economy with it.
>>78995100
Keep it down Grandpa before I throw away your tea again
>>78992483
It will bounce back.
Right now all the Speculating Jews are panicking. In a month or two they will realize that it will be business as usual.
>>78993384
They do though.
While UK might not have the heavy industry or domestically owned manufactures. Foreign companies love making things in England.
>>78996257
Sterling is at a 31 year low against the dollar.
This is serious business.
Two credit rating agencies have down graded the UK's credit worthiness. We've lost our tripple "A" status with Standard and Poors, for the first time since 1978.
We did this to ourselves.
>>78996281
Glad I could help. I'm now a #refugeemissile
>>78993072
Gold is similar to a currency.
>>78993598
>pound hasn't been this low since the Great Recession
>>78993622
>graph for ants
>implying the bankers aren't the only ones who shifted to gold and US dollars before the brexit
>>78993061
No it isn't you twat. Other countries buy more goods because they pay you less. Who do you think is going to pay for the new workers and factories producing exports? And the UK is a service based economy.
The UK imports hundreds of billions annually. Every modern economy does.
>>78996257
When was the last time the pound dropped 0.20?
>>78996419
they have a trade deficit
>>78996527
If you look at a woman sideways in Sweden, it is recorded as rape.
You don't even have to touch them.
>>78996281
Again, there is a huge difference between something harmless like watching listening to foreign pop singles and something that's actually dangerous like shitskins moving into your neighboorhood.
>>78996461
>speculators dumping pounds on the markets to profit from uncertainty
>Jewish bankers in full attack mode for going against them
You did it to yourselves, but you had to do it.
>>78996257
It's a pretty big drop for 4 days. You are somewhat right that the long term prospects of the GBP I'd more important.
>>78996664
>but you had to do it.
There was no reason, other than to "make Great Britain great again...".
Americans, please take heed.
>>78996575
>they have a trade deficit
With the EU.
>>78993476
>Buy the pound from the (((sellers)))
>>78996791
We are thanks. Now quit being a bitch.
>>78996461
>literally being punished by the jews
>>7899664
he said nothing ABOUT shitskins he said ACCENT, stuff like cultural importation (those pop singles arnt harmless bruv) and education can change accent. I am against the importation of low class citizens, but if he wants to make this about culture instead of immigration policies its dumb. Go around the world and see how many people have aspects of british culture in them yet he nitpicks on accent. Plus he is probably a bit older and was educated with a different accent than the current generation.
>>78996527
thats what happens when you import undesirables
>>78996791
Nope, no reason at all.
>>78997071
messed up my quote for >>78996642
>>78997049
>pushed by Jews.
The English and Welsh did this to the UK.
Scotland is leaving the Union, and so is Northern Ireland. Welsh Nationalists are also pushing for independence from the UK.
It's over.
>>78996823
the point is a relatively weak currency isn't good if there's an overall trade deficit ( every source I found gave it a negative on its balance of trade)
>>78997071
What the fuck do you think he was referring to when he said "lack of a British accent?" Obviously immigrants and shitskins.
>>78996252
>a week is adequate information to assess something as complicated as the stock market
Australian education everyone.
>>78992483
>compares it to values not even a month old
>doesn't compare it to a broader history showing that this has happened without a brexit
What is with all the normies promoting the remain vote? Fuck off with your pseudo-economics faggot
TFW just want to read a reasonable, realistic prediction for how the UK will proceed from this point
TFW literally everywhere there's nothing but shills and morons
Everyone's shouting gloom and doom and here's little old me trying to talk with someone who's not chicken little
>>78997272
desu the % is worse than I thought, but if he wanted to make it about immigration the pussy should have said it.
I will reiterate I do not support the importation of low class citizens, but he made it about culture and being asshurt in the age of globalism when their culture is one of the best off ones is retarded
Reminder that from here on out it only takes ONE country. That's it, that's all. EIGHT countries now want to hold referendums on the EU. If even a single one of them leaves the union, that's it. That's game over. If even a single one of them votes Out, the whole fucking European Union will unravel. There will be runs on all the banks in all of Southern Europe. There will be riots in every major city. Nationalism will roar back with a vengeance and everything we've known for 25 years will be gone.
It only takes one. JUST ONE.
>>78993061
Truth. There is a reason that China spends trillions to devalue their currency. And a reason the rest of the planet gets pissed and charges China with currency manipulation. That reason isn't because it is bad for China's economy and good for everyone else.
>>78997579
>coming to /pol/ for serious sober discussion
>>78997650
Do you mean one more after UK invokes article 50? Or are you saying this will happen after UK invokes art. 50?
>>78997644
It was NPR. Do you really want the guy to say "fuck the arabs/blacks/whatever" on NPR? He just said accent to get his point across.
>>78996791
We won, i don't care if its cost a bit of money. If we can recover from having London pretty much bombed flat during WW2 we can recover from this. We've dismantled the EU essentially as other nations will now want freedom, and that alone is worth every fucking penny we've lost so far.
Kill yourself.
>>78997579
It's the remainer shills who very badly want to be right about the downfall of the UK, all so they can say "I told you so."
>>78997579
Ok, here's the rub.
Short term: market turbulance. Falling pound.
Medium term: lack of business confience, no investment. Recession, rising unemployment.
Long term: Scotland leaves UK, followed by Northern Ireland. Break up UK complete, no more Union Jack.
This is what Brexit looks like.
>>78997829
Couldn't have said it better myself.
>>78997650
>tfw youll never see a Großeuropa in your life time
>>78997823
political correctness like this is the problem with europe and the western world in general. There's nothing wrong with controlled migration but there's something wrong when you cannot hold your ground and speak your thoughts on a subject matter.
Thinking with feelings is how societies fall
>>78997829
>London bombed flat.
The RAF didn't bomb it's own country. On June 23rd, 52% of the electorate decided to set fire to their own beds.
>We've dismantled the EU essentially as other nations will now want freedom
No, we've excellerated the creation of a European federal Superstate. The UK was the only brake on the EU, now we've gone they will speed integration.
You are the problem.
>>78996050
thanks! any other investing advice that i can do to make money right now?
>>78992483
Why are you not showing the whole chart OP?
>>78993072
If you sold all your gold now you'd be rich once the pound goes back.
>>78998249
>EU wants to create a superstate (which is bad)
>This is somehow the fault of the UK, and you know, not the EU
How do people like you exist?
>>78998433
Im all for a EU superstate too, but I agree it was the EU's retarded policies that spurred this
>lets import undesirables!
t. fuckups
>>78992483
>those damn evil wallstreet fat cats
>oh no! Currency is being de valued.
Where were you faggots in Augusts?
>>78998397
UK is FINISHED!
>>78997579
remember the world runs on fear and greed
>>78998397
because the USD is not a stable entity over time and thus cant be used for an accurate measure other currencies over a long period of time
also there was a global recession during that time
>>78997935
No it doesn't you tit. Scotland is financially dependant on the UK and the EU wont take them. If they leave they're fucked, and again we've recovered from WAY fucking worse. If they try to keep the pound they're fucked (and that is if we let them) and if they try to make their own currency they're super fucked.
>>78998249
>The RAF didn't bomb it's own country. On June 23rd, 52% of the electorate decided to set fire to their own beds.
im sorry what does this have to do with anything to do with anything?
"see this completely irrelevant statement? it beats your augment."
>No, we've accelerated the creation of a European federal Superstate. The UK was the only brake on the EU, now we've gone they will speed integration.
aren't you fucking glad we're out then faggot? im not keen on being ruled by Merkel and Jean Claude Juncker
>>78994079
it is just a temporary thing.
loling at you faggots freaking out over nothing like its the first time you've ever looked at currencies.
>>78998397
nice
>>78998433
>>EU wants to create a superstate (which is bad)
Most Europeans want closer political integration, to stop a crisis like Greece developing. To allow a single European wide policy to control EU borders. To create a EU security force to protect against terrorism and illegal immigrants, etc, etc...
The UK stopped closer integration by opposing the creation of a federal Europe.
Now the Uk has gone, the EU will become a federal State. And, there's nothing we can do to stop it.
>>78998625
Ya, but the chart proves that the fall in the pound is nothing like a recession. It is maybe 1/20th of what happens during an actual recession.
In other words: FUCKING NOTHING
>>78994748
its funny because thats exactly what everyone freaking out about this is doing.
>>78992483
>zooming all the way in on a graph to make a 0.15 difference look cataclysmic
People are sure running with this ignorance though. I know people who don't have $1000 in the bank panicking about 'muh markets' and calling the Brits racist retards.
We're just about at the point of there being zero hope left for the future of humanity.
>>78998323
Honestly no one knows what the markets will do in the future. Anyone who says otherwise is either a fool or a charlatan. People can make educated guesses but there are no guarantees. You are always taking a risk of loss alongside the potential for gains when you invest so don't put money into stocks that you cannot afford to lose. The best way to make money right now is to earn it through a job.
>>78994079
Will you admit you were wrong once it's recovered or will you be just another coward who pretends he was a leaver?
People like you are the reason nothing gets done anymore. Too worried about consequences when the principles are worth more than anything.
Asian markets are holding their own tonight.
We might be near the end of the bloodbath.
>>78998781
>he doesn't realize they also used the euro during this time frame which didn't drop as much
>>78998778
The recent immigration fuckup is what was stopping integration
>>78992483
Turns out Obama was more detrimental to the pound.
>>78992483
>remember all the fags saying this on Friday?
That piss-ant limey redcoat cunt factory of an island still has a currency worth more unit-for-unit than the USD. They have room to fall.
>>78993848
He should, its annoying when people exaggerate how bad the banking crisis was to how horrible brexit is. Brexit may be the end of finance.
Head for the hills! Flea.
>>78999002
>he thinks it matters that they used the euro in 2008 and also use the euro in 2016
Did you have a fucking point?
It's on an upswing right now. Just saying.
>>78994280
>it was all Washington's fault
>>78999176
>implying they're not coming off using the EUR and relying on the GBP right now so it becomes relevant
>>78999056
Thanks Obama.
He's also responsible for the UK leaving seeing as he had to stick his nose in and tell them what to do.
Imagine if David Cameron came over here to tell us to vote Hillary.
>>78998914
very true, and i always tend to forget that
just trying to buy dividend stocks of quality and hope for the best as i diversify over time
>>78998634
>No it doesn't you tit. Scotland is financially dependant on the UK
As you know, independence transcends economics. You knew the UK would take a hit when we left the EU, you were prepared to take that hit. Same thing applys to Scotland.
An independent Scotland can get funding from international organizations such as the IMF and the IBRD,and the EU.
> and the EU wont take them.
They can join the EEA. Like Iceland.
> If they try to keep the pound they're fucked and if they try to make their own currency they're super fucked.
You do know the Scots already have their own currency?
>"see this completely irrelevant statement? it beats your augment."
The UK's collapse is self inflicted, and unending, untl the UK ceases to exist. Then it becomes England's problem.
>im not keen on being ruled by Merkel and Jean Claude Juncker
The EU has no sovereignty. None at all. EU law needed to be passed in Westminster to take effect. Westminster was always sovereign.
I suggest you take a course in Constitutional Law.
Well, I guess it's a bit late now...
>>78997650
We can only hope.
>>78998778
Completely missed the point, slowpoke.
UK owes Europe nothing. Whatever fuckups the EU carries out are the fault of its own.
What part of this don't you understand?
>>78998249
Britcuck detected.
>>78992483
This is just an opportunity to buy
>>78999432
>UK owes Europe nothing.
Er... currently, everyone posting here in /pol/ with a Union Jack flag is a citizen of Europe. Our democratically elected British representatives create EU laws.
>hatever fuckups the EU carries out are the fault of its own.
A European Superstate belongs to Germany, essentially.
Think about it.
Currency Wars.
>two fucking words to google
>UK has gone currency nuclear, it's winning! Gilts are lower then before Brexit.
is Australia finally free from those evil crooked bongs?
>>78992483
Lol go look at 08. Free fall was 500% what happened with Brexit.
I think it was worse when Iran raised it's oil output also.
Your a faggot.
>>78999321
>Imagine if David Cameron came over here to tell us to vote Hillary.
Anything that gets Trump into office.
>>78999352
>being this retarded.
>being this salty
>i took the bait
>im a fucking idiot
Here's your last (you) don't spend it all on candy.
>>78999999
>>79000000
looking for where it was posted
>>78999796
>thinks a collapse in sterling is a good thing.
Mate, our trading partners will increase tarrifs on our exports to offset the advantage conferred by the weak pound.
This is permissible under WTO rules.
It stops currency devaluation being used as a tool to gain competative advantage.
>>78999574
nice try selling your shit, you fucking bongo. BRainEXIT, I believe.
>>78999785
You're worried about Germany? Mate, will we crush them again if it ever came to that.
>>79000070
Indeed.
The Brexiters are fucking retards. Unfortunately, they are legion...
>>79000060
dont forget that the UK has a trade deficit so itll have a net damaging effect on the economy even without tariffs
>>78999309
>>78999309
Oh I get it. You're fucking retardedly ignorant and think that the UK used the Euro as its currency.
The UK never joined the eurozone. Never accepted the Euro as its currency. The way that the UK used the Euro in 2008 is the same way they use it in 2016, and the same way that the UK used the dollar in 2008 and the same way that the UK uses the dollar in 2016.
It is the same way they'll use the Euro when they leave the EU: As a currency that they trade for GBP.
I'm noting your trip so that I can discard your opinion.
>>79000205
They're about to take the whole of Europe without firing a shot.
>>79000070
A fucking leaf
>>78996556
And just what the fuck do you think rejecting globalism will entail hmm? Its going to be rough until the national economy can cover all the things that they used to import.
>>79000315
>UK never used the Euro inside its borders!
t. dumbfuck whose never been to europe
>>79000291
As sterling falls it will damage imports as consumers lose their spending power. The UK (while it still exists) will lose importance to forgein exporters as fewer UK consumers will be able to afford imported goods.
>>79000330
Not before everyone else exits.
Look, nothing is set in stone yet. It's going to be very interesting few years.
>>78993799
>Bulgaria
>Croatia
>Romania
Aren't new countries required to adopt the Euro?
>>79000396
Fuck off, yer little cunt.
>>78996346
>EU
>Fourth Reich
you are a complete retard. I really don't even know where to begin. anon what the fuck is wrong with your brain?
>>78996575
A trade deficit that is narrowing already
Devaluing the pound slightly will narrow this even more because Britain will make more money on exports than it loses on imports.
>>78992483
I was so sure the referendum was gonna go well, I spent $1000 on Silver.
>>79000584
It's highly unlikely there would be a successful leave movement in any other EU country
>>78997693
China doesn't spend anything to devalue their currency. They just buy USD with freshly minted currency which is illegal as fuck and makes them loads of money along with making their labour market more attractive.
>>79000584
Mate, the other EU nations are there by their own volition. Not by force.
Currently, the EU is run by the UK, France and Germany, effectively. We are the BIG THREE.
Now the UK has fucked off, it leaves just Germany and France running the show. Germany is now the dominant player.
>>79000684
Stop hoping Britain is going to crash and burn just because you are butthurt
>>79000580
>>79000763
t. Macroeconomics 1 student
To be fair I have no idea spending habits in the UK so I dont know how the trade deficit will evolve over time.
>>79000966
Britain is already crashing and burning.
>>79000538
>The United Kingdom government has announced no plans to adopt the euro, or to replace its currency, the pound sterling. The pound sterling does not participate in the European Exchange Rate Mechanism, a prerequisite for euro adoption. The UK negotiated an opt-out from the part of the Maastricht Treaty of 1992 that would have required it to adopt the common currency, and the Conservative-Liberal Democrat coalition government elected in May 2010 pledged not to adopt the euro as its currency for the lifetime of the parliament.[1] Polls show that the majority of British people are against adopting the euro.
https://en.wikipedia.org/wiki/United_Kingdom_and_the_euro
They use the Euro in the same way that the US uses the peso
>>79000967
The UK won't make money on exports as the UK is no longer in Europe's free trade zone. The EU will slap tarrifs on UK products to offset the advantage of a weak pound.
They are allowed to do this under WTO rules.
>>78993061
I remember when Russians and Putin dick riders used this shitty argument. And now look at how fucked Russia is.
Face it, Brexit is a fucking disaster. You regards were wrong and now the UK is fucked.
>>79000954
>tfw EU leaders have been retarded lately and im wishing for a united europe less and less
>tfw they actually managed to spurr nationalism again which slows down EU integration
>>79001088
well, thanks for the info, I still think the 2008 one was more complicated as it was a global recession
>>79000942
The foreign currency reserves that China needs to hold to manipulate its currency has a huge opportunity cost which is practically the same as spent money.
>>79001287
Indeed.
Brexit will go down in history as the biggest example of national self sabotage.
The English have fucked themselves, royally.
>>79000954
Lets say Germany gets their big bad superstate; this is still not the fault of the UK. You're blaming the wrong people here.
>>78992483
Nope. Literally no one expected it to bounce back overnight, it will over time.
>>79001287
at least Russia had a positive balance of trade and their GDP/capita is still increasing
>>78992483
Low currency = more competitive exports = more UK jobs and businesses and economic growth.
For the sake of the UK I hope the Pound stays this low - or drops lower.
>>79001262
UK could export to other countries, only time will tell how the balance of trade will evolve. I still bet on that itll say negative.
>>79001749
>he doesnt know the UK has a trade deficit
>>79001459
>this is still not the fault of the UK
Yes it is.
The EU was an organization based on the post war balance of powers. It was created to contain Germany, politically and economically. The UK was one of the big balancing powers, we stopped the creation of a federal Superstate dominated by Germany. We stopped the creation of an EU army.
Now, Germany has established political control from the Baltic, to the Medditerranean. It has achieved Hitler's aim of unifying Europe, effectively; but, without firing a shot.
>>78996346
>EU
>anything more than kike controlled union
You are very unaware, id recommend you stay on this board for a little while more and learn the reality
I'm having doubts about BREXIT now desu. I went on Reddit's economics board and they're making fun of us, some are even citing John Oliver.
SO what does UK wins with Brexit? Other then muh feels i heard nothing of substance
>>79001893
>UK could export to other countries,
They would still fall foul of WTO rules.
There are strict rules in place to prevent countires devaluing their currencies in order to obtain competitative advantages.
>>78992483
Nobody said this. Nobody sensible, at least.
The Pound has been overvalued for 20 years with no reason behind it. We have seen it return to a natural level FINALLY. This will be a huge opportunity for new UK business and a great boost to existing business.
If you don't understand, check out some study materials on the benefits from a lower exhange rate on domestic business, specifically exports; it's not even university level economics.
>>79001893
The UK has a trade deficit specifically because their currency was worth so god damn much, it was ludicrously costly to do anything with them.
>>79002007
>he thinks in the recent revival of nationalism and right-wing politics will support a unified german europe.
Germany shot its own foot with the immigration of rapefugees
>>79002142
some countries like the US wouldn't slap tariffs, a lot of countries arn't super protectionist on its economy anymore
>>79001893
>He doesn't know the UK has a trade deficit BECAUSE the pound was so valuable and it killed UK Exports.
>He doesn't know the UK has a trade deficit BECAUSE the EU wouldn't allow it to negotiate trade deals with other countries independently.
Guess what, a low Pound drives local economic growth in the UK because local products are more competitive domestically and as exports.
Also, If they got on with the Brexit quickly, they could unwind and unravel most of the regulations and tariffs that make UK products even less competitive.
Short term pain, long term gain.
>>79002140
Brexit wasn't logical. It was all "feels".
The Brexiters never had a plan of what to do if they won.
>>79002212
This is exactly right. It pushed our productivity rate undergound; domestic business suffered and our shitty culture started getting drunk on imported, cultureless bullshit - from soft drinks to cosmetics. Now "Made in Britian" will mean something again.
>>79002137
Oh no, not John Oliver! I heard he once destroyed Donald Trump my merely uttering the words "2016"
How can one man have all that power?
>>79002212
>>79002338
I guess only time will tell, fingers crossed the UK goverment doesnt fumble too hard and will pass policies that'll help them take advantage of a weaker pound
>>79002299
>some countries like the US wouldn't slap tariffs,
The US does indeed slap tariffs on nations who break WTO rules. The US recently placed 200% tariffs on Chinese steel.
>>79002362
Yeah, i know. Are there gonna be a actual PM that will trigger the article 50? I doubt so. Even then, your position will be highly damaged in EU standing. Good for us, i guess?
>>78993384
We have the population, skills and resources to support a fucking huge one.
Our exports cost too much though.
>>78993061
>It's usually an economic boost when a currency gets devalued, dumbass.
In theory but no generally not.
You only need to look at Russia, Argentina and numerous other countries to see this isn't really the case when a country is in economic turmoil.
People invest in China because China is stable and has a insane manufacturing base. The UK is largely a service economy and the main reason most large international businesses are in the UK is because it speaks english and is in the EU.
>>79002362
>I can make up bullshit too.
There is a plan. The problem is that the politicians in power (Cameron) don't want to implement it. That's why he is going to quit.
>>79002496
>W-We will turn a financial and service economy into a industrial and prodctive economy again! I swear on me mum guise
>>79002338
The UK falls foul of WTO rules on falling currencies. Competing nations are at liberty to increase tariffs on UK products to offset advantages conferred by a weak pound.
>>79002538
>>79002688
>>79002419
does UK even have the local resources anymore to support a production economy? a weaker pound also means imports of raw materials will cost more
>>79002538
>>79002512
Are we talking of thureday Brexit or today Brexit?
Iceland, lol. You better start another cod war, so you can loose again, ahahhaa. Pathethic
>>79002635
Mate, the Brexiters are on record stating "we have no plan".
http://news.sky.com/video/1717859/islam-there-is-no-brexit-plan
How does this make you feel?
>>79001262
We're in the EUs free trade zone for two years and we just heavily devalued our own currency against the joint currency of the EU
Who the fuck isn't going to love that for the next two years?
Cutting 5% off the pound effectively cuts 5% off the cost of every nissan, ford, bottle of scotch, JCB, and anything else we make in Europe
This is going to be a short term boom for manufacturing before we leave, and the long term one comes.
>>79002756
>Does UK even have the local resources anymore to support a production economy?
No.
We sold off our industy and dismantled what was left. We have an eocnomy dominated by financial services in the City of London. The banks are now moving to Dublin and Franfurt as a result of the Brexit.
>>79002635
Cammeroon quitted so to take the pressure out of him to trigger article 50. This way the next PM (Boris himself, maybe?) will either trigger article 50 and live on as the PM that destroyed UK, or don't trigger article 50 and be a lying sun of a bitch. It was well played by Cammeron, and put Boris in betwenn the wall
>>78992483
It's all speculation. Nothing has happened to actually cause a huge decline. Overreaction to speculation.
>>79002863
We're in the EU free trade zone under condition we don't use our currencies position to undercut Euro zone industry.
The Euro zone is at liberty to impost trade restrictions on UK products.
>>79002863
>This is going to be a short term boom for manufacturing
>implying anyone wants to invest in a economy about to implode
>implying brits can compete on a large scale to chinks and others in manufatoring
Jesus christ, you brexiters are dumber then americans
>>79002625
Different situations all together. Russias problem is they cannot benefit from the devaluation because of sanctions on russian goods. Argentinas problem was more structural as with most south american countries its institutions are not of the same standard. The devaluation of the pound is great news for Briton and will allow for greater international competitiveness, it has strong institutions, well developed capital markets and a strong export market. Brexit hurts the EU a lot more than the UK.
>>79003071
> Nothing has happened to actually cause a huge decline.
Exactly, now imagine the drop when a PM that will trigger article 50 gets ellected, when he actually triggers the article 50, the few weeks before the arrangements are done and after they leave
>>79003019
I think there will be another General Election in the next two months. The opposition political parties will stand on a platform opposing the implimentation of Article 50.
This was the new Government will have a democratic mandate from the people not to leave the EU.
This is the UK's only hope.
>>79003398
C U C K
You should work at the BBC
>>79003398
>This was the new Government will have a democratic mandate from the people not to leave the EU.
This WAY the new Government will have a democratic mandate from the people not to leave the EU.
>>78995901
>let me show you a top 100 music list to prove my point
you can imagine my face
>>79003189
>Russias problem is they cannot benefit from the devaluation because of sanctions on russian goods
UK will loose the EU free trade aggrements, bro. EU will delay as much as possible the bilateral aggrements with member states.
>Brexit hurts the EU a lot more than the UK.
HAHAHAHAHAHAHAHAHAHAHA. It only strenghtened the EU resolve. All the euroskeptics are closely watching this case. And they are not getting a very positive feedback.
>>79003513
I'm simply telling it how it is.
I'm sorry if political and economic reality upsetting.
>>79003398
Your predictions for election?
>>79003513
>call him a cuck
>>79003559
>he doesnt know what cultural importation is
good goy!
>>79003527
>>79003398
And in all serousness thats on the assumption the right wing dont get a majority. Which I think is unlikely in the current climate, especially if UKIP desimate labour in the north
>>79002756
We have the raw materials, the structure is wanting for more though.
There's enough coal under our feet to power the country for centuries on its own.
If nothing else the weaker pound will be welcome in the steel industry, and lets not forget it means cheaper trade on the continent too.
The EU really is the root cause of our huge trade deficit and our focus on financial sector. Before we went in we had trade agreements with the world and the biggest industry in Europe. Then we cut all ties with the world and joined the EEC
After 10 years of regulation and competition and isolation our markets were battered and our industry promptly scrapped.
As an example of EU fuckery, look at the beef industry. There was an unsubstantiated BSE scare in the UK, so they blocked all British meat exports. Not to the continent, but to the world - none was to leave the UK. It wasn't repealed for 10 years after constant french interference to keep it in place, at which point it was deemed to be unlawful to keep it in place any longer.
As for fishing, the "common fisheries" policy is said to reduce over exhaustion of fish stocks. We exported masses of fish to the EU. Under the policy our fishing industry was dismantled, our waters divided up, and now while most of the EUs fish is caught in our waters, the majority is not caught by us, and we now import fish from the EU, despite it being taken from our waters.
The whole thing is a fucking con. This is why labour used to loathe the common market so much.
>>79003398
You're assuming the EU will even be alive then.
Since when is having a weaker currency unequivocally a bad thing?
All the powerhouse economies (in terms of growth atleast) over the last few decades have had incredibly undervalued or week currency.
>>79003570
Germany has already voiced a preferential fast tracked trade deal. The EU is teetering on the brink of economic collapse, due to a number of factors and cannot afford to deny access to the words 5th largest economy, its as simple as that. Also "free trade deals", the EU trade agreements are anything but free, the real benefit to the UK is going to depend on how much EU regulation they decide to adopt to get access, in the mean time the British economy should hopefully liberalise.
I'm beginning to think article 50 probably won't get triggered now. Which would mean the whole referendum was a complete waste of time.
>>78995472
>Bitch about things like "cultural appropriation"
>Can't understand why a nation would cherish their culture
Libtard doublethink strikes again.
>>78992483
>Not even a week past brexit
>HAHAHAHAHA LOOOOOK IT IS HAPPENINGS XDDDDDDD
So do you guys not know how economics work or are you just pretending to be retarded???
>>79003887
>coal
Get fucked you retard.
>>79003887
>Muh Coal.
Whilst there is a lot of coal, most of it is in small seams, buried deep. Therefore not economical to extract. Anyway coal is a declining fuel.
>>79003685
A Labour/SNP/LibDem/Green coalition will win.
Once elected, they might even give cabinet positions to Euro supporting Conservative MPs.
They will attemp to create a Government of national unity.
The EU referendum vote will be discarded.
>>79003887
>There's enough coal under our feet to power the country for centuries on its own.
>he still thinks this is 19th century
>Before we went in we had trade agreements with the world and the biggest industry in Europe.
>in the 70's
>As an example of EU fuckery, look at the beef industry.
>UK
>being fucked by the EU
>Out of all the members of the EU
>UK complaining about getting fucked
>>78992483
>>79004012
DELET
>>78996791
>You better listen or kike bankers will lose money!!!!!
>>78992483
That drop at the end is because parliament are a pack of faggots who are gonna brick it and markets don't like uncertainty.
>>79003998
>Germany has already voiced a preferential fast tracked trade deal.
So? It's most certainly a political move. May i remeber you that UK is still in the EU, and the process to leave as not yet started
>Also "free trade deals", the EU trade agreements are anything but free
>kek
>I want to have acess to a market but i don't want to abide to their laws
Why are brits worse then muslims?
>>79003887
>coal
>>79004019
>implying I care about appropriation
you can cherish your culture without being up your butt about accents when the entire world is mixing its cultural identity/views with america (british offshoot) leading the way
>>79001088
Hi London fag here
Some big airports and shops accept euro (mostly in London)
I don't know why desu.
>>79004012
Of course it won't. Only a madman would trigger it. So you better start on electing a Hitler.
But the damage is done. UK political standing in the EU as dropped substancially
>>79004202
I thought the labour leader, Corbyn, was euroskeptic
>The EU referendum vote will be discarded.
Anyone knows it will
>>79004080
We're buying foreign coal, I understand its cheaper.
It stands to reason that we'd use ours if it was cheaper. Why wouldn't we? We still have mines open now, ~25 iirc.
>>79004128
Fair point, there's always shale. Fracking would be nice if it becomes economical to support local industry through it.
Fuel is thankfully cheap at the moment and we already kick out a fair bit of oil anyway.
>>79004012
UKIP's would have a field day if they back out now.
>>78992483
dude 4 days later.. it takes time give it a couple of months until the politicans have figured out how to go foreward.. Fucking morons thinking about long term decisions in a matter of "wow look its almost one week now and nothing changed! yes we still in the eu maybe even for another two years but loook nothing changeeeed !!?!?!?!?" idiots.
>>79004203
We all got conned. Just because you got conned more it doesn't mean we shouldn't be stroppy.
Get out while you still can, the crash will be a fucking massacre for a € nation but it's better than the alternative.
>>79004535
Corbyn is an old school democratic socialist. He voted against all EU agreements that supported the Neoliberal economic agenda that threatened workers rights.
He supports the social charter and EU protections for EU citizens, but, not the EU's economic policies.
He understands we're better off in the EU.
>>79004361
No other trade bloc inflicts laws upon the citizenry of other countries.
