Is it time to panic yet /pol/ ?
>>79948273
I'm having a field-day shopping on amazon uk that's for sure
>>79948167
I'm /pol/ and I say it's time to celebrate.
THREAD THEME
https://www.youtube.com/watch?v=FGBhQbmPwH8
>>79948167
Even though Britain is totally corrupt, and doesn't make much of anything, we are a beacon of industry compared to the Eurozone. Those Commie bureaucrats are a menace!
It's about time the fucking pound got a bit of a nerf, my WoW subscription was getting way to expensive.
>One of them is pegged to the british economy
>The other is pegged to FUCKING GREECE, ITALY AND SPAIN
>>79948167
https://www.youtube.com/watch?v=wMykYSQaG_c
>>79950404
Why does the pound change it? Blizzard is based in America?
Stealing a currency tactic from the Chinesse to increase exports and domestic manufacturing. Sneaky anglos dont waste any time.
>>79948167
>GBP still worth more than EUR
wow very panicked
>>79948167
this_is_fine.jpg
It's evening out to the rest of Europe. So what? When it starts to fall below is when I would worry.
when i checked earlier today the pound was worth 1.30 of a dollar, now its at .29
wew, guess i'll wait a bit more to book my holiday ;_;
Now's not the time to fear, shill, that comes later.
>>79953545
2 trillion in UK wealth was wiped out over the past two weeks. Also the city of London banks are all gonna leave. They did that to Montreal in the 90s. Montreal was second to New York in being the finance Capitol of North America. The banks fucked off just at the threat of Quebec seceding and never returned
>>79948167
Time to buy on Amazon UK
>>79953486
>>GBP still worth more than EUR
>that logic
You don't get how currencies work, do you?
The absolute number is meaningless.
If you can buy thousand Yen with one dollar it doesnt mean you have one thousand times the purchasing power...
>british intelectual
>>79948167
Nope.
Luke 18:25
For it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”
>>79948167
wow it's fucking nothing
Everything's fine.
R-right lads?
>>79954308
2000 years ago maybe.
Besides, Luke is a German name.
>>79953836
Actually Bill 101 had more to do with that all the Anglophone bankers didn't want to learn French so they moved to Toronto
>>79952223
In the UK we pay an absolute shit load for things like video games because they have a tendency to just replace the dollar sign with a pound sign. US pays $60 for a new game, we pay £60 (+VAT). Depending on the game it wasn't uncommon for someone in the UK to be paying upwards of $100 for a new game.
I know countries like Canada and Australia always complained about getting shit deals when it came to games and their pricing, but the UK has always had it worse.
>>79954670
>>79948829
Luke 18:25
For it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”
>>79948167
The Bank Of England said that the pound'shigh value relative other major currencies was a fucking CRISIS a year before Brexit. The pound losing value is a good thing for the Brits.
>>79954590
>>79954825
>£100 for a new game
Only if they're the super deluxe special editions.
Unless you're buying all your games from Harrods?
Yes PANIC Now!
Stand on tables waving bits of paper at each other.
>>79954997
I said $100, not £100. And until recently £60 + VAT was around $100.
>>79954825
Does South Africa use the poon for currency or something?
I thought it's just like rocks and pebbles
And I'd still rather pay 60 gdp over 80 cad.
On the stocks it seems like a lot but relative to your own country it isn't all that bad, only when purchasing internationally.
Ie computer parts from the USA is pretty dick right now for us
>>79948167
Heh, you call this a currency collapse. You ain't seen nothin' yet.
>>79955110
So you did. My bad senpai
I hope it'll go somewhere below 0.80.
0.70 Would be even nicer, I'd be able to move there and live a comfy NEET life.
>>79955137
But £60 is like $100 CAD, right now. A few weeks ago it was more like $130 CAD.
And we'd pay that for a new game. But you guys would bitch about pricing and how you had to pay a bit more than America.
>>79954825
Where the fuck are you buying your games from? Overwatch pre order was £40
>>79955412
It was £30 actually. But Overwatch was sold significantly cheaper than normal on account of it being like 1/3rd of a real game.
Normal games would go for £50 to £60 on day 1, console games in particular would never drop below £60 the first month or two of release (some could even be priced at £69.99).
who /bregret/ here?
>>79953486
Are you retarded, nigger?
>>79955581
Nobody troll patrol
>>79955570
>>79955389
>>79955412
>not pirating overwatch and playing multiplayer on pirate servers
>>79955110
>>79954825
>+ VAT
UK shops are required to include VAT in their advertised prices. Current gen video games over here are on average £50 including VAT
>>79955837
Which is why they swap the dollar sign for a pound sign then add VAT on top of that.
>>79955389
But how much is it relative to what you pay for other stuff? How much is 4L of milk or like some chicken breast.
Internationally sure you're getting pretty bent over but is it that bad if you imagine there was no conversation? Let's say it was based In the UK at a flat £ and you had no usd or cad to compare it to
Here 80$ is expensive as fuck, and we pay 4$ for almost 4l of milk, and 5$ for whole milk, meanwhile I'm getting 11$/h
The absolute cheapest I've seen chicken breast is 4.99/lb or 8.80/kg
Typically you'll find it around 11-13/kg
So on top of other expenses even though we don't pay as much as you as far as the dollar is worth it still feels like 80 is a shit load. If we were compensated for making extra money as in whatever the conversion rate is, so let's say 1.5x$ then it would be more justifiable
I've jumbled on a lot but do you see the point I'm making?
Now this is based on an assumption as I have no idea how much your local goods are and cost of living but tell me if I'm wrong
And don't get me started about Toronto housing costs
>>79948167
weaker currency will boost exports. Good for UK. Shit that euro is strong, Finland can't compete with it.
>>79955715
Yarrr
>>79955942
They don't
Let's talk about the real story here
http://www.zerohedge.com/news/2016-07-06/eu-banks-crash-crisis-lows-funding-crisis-accelerates
Hello fellow /p/olacks!
I am from the Great failing nation of the United Cucks of America
How might I make a few extra coins during this brexit????? I imagine betting that the pound will fall further might be an idea butt it seems to keep rebounding as well and I don't exactly want help the currency deevaluate
Perhaps buying minerals such as gold or copper?
Perhaps even selling emergency supplies like that Alex Jones cuck
>>79955570
Not paid more than £40 for a new game and usually get them at release. On PC though, dunno about console.
Any upcoming games that you can show will be more than £60 if it's $60 in America ?
>>79955986
Your prices are a bit cheaper now than what we pay. Milk is maybe $1 cheaper and chicken maybe $1.50-2. 2 weeks ago we'd have paid more than you for the same shit.
Our minimum wage is also equivalent to about $12 CAD.
>>79956932
PC games are always £10-20 cheaper.
>>79955649
>>79954220
A kraut and a leaf walk into a bar and realise they're both fucking morons.
I can still buy more with £1 than €1, what part of currency value do you not understand?
>>79948167
EU trade deals and policies caused manufacturing to leave Britain. This was one the main selling points for leaving the EU. Now Britain can start producing again and the lower GBP will increase export demand. In other words Britain's economy is adjusting post Brexit as it should.
Sorry no happening in these waters. [spoiler]Duetsche Bank is were the happening is brewing.[/spoiler]
>>79957329
>Now Britain can start producing again
Yeah, lets just shit out the necessary infrastructure. How long you reckon that is gonna take? 20 years?
I'm hoping Britain returns to a pre industrial society and return to paganism so I can become a druid and maybe get to fuck a hot virgin as part of a ritual of some sort
>>79957106
>British education
>>79954220
>thousand yen to the dollar
wow we got a currency expert over here
>>79948167
I don't care. The Pound is ours forever now whatever the rate. We will NEVER join the Euro. #Brexit
ITT: people discussing economics with non-economic arguments
>>79948167
this is going according to plan. they want value parity between the major currencies (and soon: Amero) to then easily transition from a 3 unions- divided world, to a 1 world government/union.
>>79957990
Your attachment to your quaint little local currency is cute.
>>79957506
Our manufacturing sector is mainly hitech/bespoke products. We are not trying to be the next China lel
>>79958205
>brexit
>plan
>>79957812
Triple parity when? World Federation when?
Actually, make that quadruple parity:
USD=GBP=EUR=100JPY
>>79954825
>I know countries like Canada and Australia always complained about getting shit deals when it came to games and their pricing
A standard game here costs $79.99 CAD, which means with taxes it comes upwards to $100. It requires 10 hours of minimum wage work to buy a new game here.
>>79958759
Which is about the same amount of hours you need to work at minimum wage in the UK to buy a game (depending on your age).
>>79958759
>It requires 10 hours of minimum wage work to buy a new game here.
7 hours over here.
>>79958586
brexit is part of a greater plan: NWO
Hahah faggots games are 60 bucks here
>>79948167
>Is it time to panic yet
No. Brexitters are still in complete denial. Their view on this swings between saying it will bounce back or it will sink further and benefit our exports. But as we all know, Brexitters are economically illiterate. A few days ago they were showing the rise in FTSE100 as a sign of our success because they don't realize that index is made up of companies that get most of their revenue from foreign markets.
A weak pound will not do any good to out exports because we have almost no natural resources. We rely on a strong currency to import raw material. Any competitiveness that would be gained from a drop in the pound is offset by the fact the products we manufacture will become more expensive to make.
Fun fact: if the Pound drops to 0.9 EUR (it most likely will by the time the new PM takes office) our economy will be officially smaller than Italy's.
There is also a very high chance we will experience double digit inflation. We will be the first developed economy to achieve this since the 1970s. When inflation starts to creep in and eat peoples' income, then it is time to panic because we will enter a vicious cycle of eroding income and sky-rocketing government spending/borrowing.
>>79958759
I just catfish murrican losers in /soc/ to get games for free.
sometimes i resort to /hm/ since i am a qt and there is always some old american pervert lustging for latino cock
>>79959339
tl;dr
You aren't out yet nigger. Everything that happened has nothing to do with your presence in EU.
Everybody on /pol/ is suddenly an economic expert even if they never played on a stock market and pretend that they can interpretative it.
You see red scream red and act red. Start working you fucking lazy piece of shit and it may turn green.
If you want to do something right might as well start over from scratch instead expecting money just to rain cuz EU jews'n shiet.
>>79959339
So why don't you go short on the pound and make bank?
>>79948167
it's time to order shit online from UK, m8
I do detect some raising of the prices by the island jews tho
Good.
More middle class liberals going broke. They deserve it.
>>79957805
>Not addressing the issue
>He didn't address the issue of the Canadian and the German in the same way I am to him
Well then your both just awful even though the Britbong pound is still worth more than the Euro which means the UK is at the very least still better off than the EU.
>>79948167
Because we're neckbeards, and we hate cops, because cops fuck neckbeards
But cops ALSO fuck niggers OP, and if cops weren't around to fuck the niggers into submission, then we'd have niggers all over our cops and neckbeards
Maybe in a year we can actually judge this crap
>>79961640
>Quoting Trey (((Parker)))'s bullshit movie
>>79948167
its time to order some english hoes
>>79960962
kekek shorting would imply I want to buy back GBP at some point in the future and make a profit from it.
>implying I want this shit currency
Our future PM has already stated she will balloon the deficit. Barclays will go bust within a year if this trend continues. I don't want to short the pound, I'm in the process of opening an account in Ireland and transferring my savings there. Enjoy your bank run.
Like I said, whatever bank I make from shorting at this point will be offset by how absurdly expensive things are about to get in this country.
>>79960782
>Everything that happened has nothing to do with your presence in EU.
sure thing
http://www.bloomberg.com/news/articles/2016-07-06/morgan-stanley-sees-further-potential-u-k-property-fund-stress
http://www.independent.co.uk/news/business/news/standard-life-london-property-fund-brexit-eu-referendum-withdrawals-a7120116.html
>Everybody on /pol/ is suddenly an economic expert even if they never played on a stock market and pretend that they can interpretative it.
Saying this doesn't make you any more credible. Not sure if you're a troll or legit unaware of how much capital has fled the UK since the referendum.
>>79954220
>intelectual
An hero ahmed
Market correction.
The euro is still valued too high , the ECB just prints money out all the time same with dollar.
A correction will happen to the euro and dollar as well but later. So the crash will be even bigger for them. Either one will snowball the other into a crash as well. Considering how utterly shit southern Europe is doing, euro will crash.
Loving brexit, it has provided a years worth on entertainment in less than 2 weeks. Also I have a stable job which cannot go anywhere and I'm looking to buy a house in the next year or 2, can't wait for the price crash.
>>79954220
>>79955649
>"GBP is falling low omg so panic british ppl regret brexit now aaaaaahhhh"
>gets pointed out GBP is still worth more than EUR
>"lol no thats not how economy works lmao we shouldnt look at exchange rate dude haha u are so retard brexit voters r so stupid lol i am now a #missile4merkel lol uk should remain inside eu rofl"
>>79954220
He's a leave voter, he belongs to the 52% of our population that all share a braincell.
>>79962470
There was bound to be some fallout. It's a fair price to pay for sovereignty. The problem is that the leave leaders, instead of resigning, should be addressing the public and explaining that there could be some hard times ahead, but at least you won't lose control of your country.
In the long run I expect Britain to fare much better than the EU, which very well might collapse under the weight of its immigration.
>>79954590
>>79954955
Only super virgins would have this level of analytical ability.
>>79950238
what industry, m8? tata steel or sheep shagging?
>>79963137
>There was bound to be some fallout.
Fund managers are blocking withdrawals. This is something that hasn't happened anywhere since 2008 except for Greece and Cyprus! The fallout was underestimated by brexiters so they could get votes from plebs. That's why they're all hiding now.
>The problem is that the leave leaders, instead of resigning, should be addressing the public and explaining that there could be some hard times ahead
They promised good times ahead though. According to the leave clowns, not contributing to the EU budget would leave extra cash for the government to spend on welfare and MUH NHS. The amount of money wiped out from London on day 3 was already greater than the money we send the EU for a 5 year period lmao.
>In the long run I expect Britain to fare much better than the EU
How much is that long run? A decade? Yeah I have no doubt the economy will eventually recover but until then people will lose their jobs, a chunk of their pensions and government debt will increase even further.
>which very well might collapse under the weight of its immigration.
If you were to follow British politics closely you would know there is zero commitment from any party (and that includes UKIP even though they won't be able to form a government in the foreseeable future anyway) to seriously reduce immigration. A lot of foreign posters are under the impression we're undergoing some massive anti-immigration drive in the country right now and I don't blame you because all the British shills on /pol/ made that appear to be true with their memeposting.
>>79948167
All brits who voted leave already bought gold or silver or bitcoin or beer for their money. The remainfags deserve to get poor because they're statist scum. So worrying? No.
>>79948167
No, it's getting time to convert my money into dosh and wait it to rise again.
>>79962470
Are you out? No? Then it has nothing to do with it. After you are out you get your benefits and freedom. Now it's the Jews tightening the leash.
Are you an expert? Brexit was a trigger not a cause of this drop. It's not that hard to see.
I can't wait to go to Engrund and treat them like Mexicans with my hefty Freedom Dollars.
some of you are acting like leaving the eu is like returning a rental to a video store. Of course there's going to be rumble until everything readjusts and stabilizes
>>79956502
They fucking do mate, do you not buy things?
>>79963932
best post in the entire thread unless some leave shills can refute it with facts
>inb4 FTSE
>>79948167
Should i buy some pounds? Or will it drop more
>>79963932
/thread
>>79948167
Gbp means good boy points right
>>79964080
>Are you out? No? Then it has nothing to do with it.
You are fucking dense aren't you? Although we aren't out, the markets are adjusting to the fact we will get out eventually and they have no trust on the UK being capable of striking a deal that can deliver anything positive to the economy.
People are taking their money out of the UK and betting on the US and EU. Do you seriously think people who have money to lose would wait until October when Theresa May or whatever retard becomes PM? They're taking action right now. From a financial point of view we're already out and the ice cream is already melting.
The only thing still open for debate is what kind of immigration deal we will get with the EU, which has no impact on investor confidence one way or the other.
>>79948167
Pretty shitty comparison considering both currencies are being affected badly by the Brexit.
Compare it to an outside currency, like the USD. You can see that it's below $1.30, which is particularly worrying. It's about 6 cents lower then at the height of the 2008-2009 financial crisis.
>>79964304
MUH FTSE
>>79963932
> How much is that long run? A decade? Yeah I have no doubt the economy will eventually recover but until then people will lose their jobs
I have a decent job and will probably suffer more than most if the worst case scenarios do come to pass (I don't think they will). But most people who voted for this understood the risks, they just didn't care. You can't build an economy fucking over such a huge amount of people and expect them to be good goys and take it.
They really don't care that the middle class who have been profiting from this arrangement are going to be fucked. What they're hoping for, and what I believe will happen, is that in the long term things will reform for the better.
>>79964733
People take money out so there is a place for you to create your own businesses.
Corporations out small businesses in with no EU regulations it's freemarket heaven for you.
This value shaved off your precious pound is fake. It's a promise and this promise would collapse sooner or latter.
Now it can't get lower than it's real market value determined by your goods and services.
Whole world is looking forward to work with you cunts. Even China said that they are looking forward to trade.
Poland can use you as a leverage in negotiations with EU since we do a lot of work for you.
And the most important thing is that you won something that is more important the money. Your freedom.
It's priceless and your people were stupid enough to almost loose it.
>>79953382
Not really a Chinese tactic. Been around since we've had fiat currency.
>>79948167
BUY OUR SHIT:
https://www.amazon.co.uk/
http://www.ebay.co.uk/
Everyone on /pol/, tumblr, Reddit and Facebook have suddenly started acting like financial experts, and it's absolute horseshit. I don't understand economics, to be honest, and I don't believe anyone on /pol/ does either. It's a kind of jewish sorcerery. It makes sense, however, that uncertainty in our nation would be at its highest and valuation of its worth at its lowest when we've just voted out of the pre-existing trade agreement but not yet begun to renegotiate them or any others.
The fact David Cameron has resigned and delayed triggering Article 50, causing the prolongation of this period of uncertainty, is irresponsible to the point of deliberate. It ferments worry. If enough people look at charts saying the pound is dropping more and more, with no idea of the causes, the consequences or what it means except that it's bad, enough will think staying in the EU is for the best because a false illusion was cast of what the alternative might look like.
>>79948167
its only 1 penny lower than it was when it dropped days ago. $1.29 U.S.D
>>79965780
>You can't build an economy fucking over such a huge amount of people and expect them to be good goys and take it.
Who exactly is being fucked over? The British "working class" is lazy, incompetent and self-entitled. Ask anyone who runs a business in this country and has frequent contact with traders etc. Not a fucking week goes by without me having to contact an """""engineer"""" (everyone likes to call themselves that these days) to redo a poorly done work or replace an order that was delivered wrong or plain broken. Service quality in Britain is abysmal by any standard. Come back with that Farage meme of "le poor working man being fucked by the elites" when a British worker is expected to deliver the same quality, timeliness and reliability of a German, Japanese or American worker because right now we're on par with France and Italy and you won't fish any sympathy from me.
>What they're hoping for, and what I believe will happen, is that in the long term things will reform for the better.
They're hoping for more benefits and more welfare. Brexit was only made possible because of angry Labour voters who felt "disenfranchised". Do you really think that's the type of voter who wants ground-breaking economic reform? For fuck's sake, do you even know your own country? Half of England is still butthurt over Thatcherism and the timid economic liberalization that took place at the time.
The average Brexiter isn't mad at Brussels red tape or loss of sovereignty. They're mad at the Romanian gypsy who is in front of him in the dole queue. The only thing he expects from leaving the EU is being put in a council home sooner.
Excellent for the local and national market demand, export demand and job growth. Some rich faggots are gonna be butthurt but who cares? I thought you were against the 1% and big corporations?
>>79966922
> The British "working class" is lazy, incompetent and self-entitled.
I think this attitude of contempt for them is part of the reason remain lost. They may not even fully understand what's going on, but they are being fucked over here unfairly.
> The effects of immigration on workers within specific wage ranges or in specific occupations are more significant. The greatest wage effects are found for low-waged workers. Dustmann et al (2013) find that each 1% increase in the share of migrants in the UK-born working age population leads to a 0.6% decline in the wages of the 5% lowest paid workers and to an increase in the wages of higher paid workers. Similarly, another study focusing on wage effects at the occupational level during 1992 and 2006, found that, in the unskilled and semi-skilled service sector, a 1% rise in the share of migrants reduced average wages in that occupation by 0.5% (Nickell and Salaheen 2008).
http://www.migrationobservatory.ox.ac.uk/briefings/labour-market-effects-immigration
These people will work. They worked before. They just won't work for minimum wage on zero hour contracts because the labour force is flooded. To add insult to injury they have to pay higher prices for goods and services, face more demand on public services they rely on, can't ever hope to own a house thanks to increasing demand inflating the housing bubble, and have to deal with the uninvited cultural impact.
They'd rather rot away in a life of benefits and crime because the honest living route is quickly becoming futile. This kind of selfishness, even though I as someone in the middle classes benefits from it, is both hugely immoral and detrimental to our society. The chickens have come home to roost.
>>79948167
UK is still in EU, nothing has changed. The damage to their economy is punishment.
>>79966922
What incredible, palpable smarm. "The working classes are lazy!" "The working classes are stupid!" "The working classes are butthurt and pathetic!" Unfortunately for you, my mate, you're in this country with them, and it's one person, one vote, and their vote counts just as much as yours. We're in a society of people like you, though, where everyone is bitter, angry and judgmental, without any understanding or compassion, and it's what which has already destroyed Britain far sooner than any economic collapse could. Enjoy the piss on your chips, you cunt. Long live Maggie Thatcher.
>>79966691
I'm actually an Econ grad and I sort of understand how it works.
Anyone who is saying that we're already seeing the effects of brexit is retarded. What you're seeing is short term uncertainty and a corrupt media pushing propaganda and fear mongering.
>>79963350
>it takes a super virgin to glance to the left side of the image and see that its still higher than 3 years ago
OH OK
The pound is becoming like the zimbabwean dolllar, which means it's literally a meme currency. All brits will be 20% poorer because of thise idiots who voted brexit and guess who gets hit the hardest those who are the poorest won't be able to put food on the table and expect a lot more people to use foodbanks predictions are that by 2020 there will be 5 million foodbank users and the british gdp will be lower than spains gdp.
The pound has dropped 1 cent expect ito to drop 5 cents in the next
Thanks a lot brexiteers, you all are morons
>>79948167
they aren't going to leave so what are you talking about?
>>79967858
My company has just had a 40% increase in the orderbook because the pound is so low and we export so much.
How will britain ever recover?
>>79958159
>>79967825
Well you said it yourself. They rely on public services. That alone is evidence our workforce live beyond its means through the government topping up their unimpressive economic activity with welfare.
Even though I agree immigration is high and compressing wages, that compression has only been felt by the less skilled precisely because the services and goods they provide are so terrible, even some half illiterate pajeet can compete against them simply by charging less because the quality remains unchanged. Now compare that to skilled workers: there is a shit ton of foreigners working in banking, IT, pharmaceuticals etc over here. When was the last time you saw someone from those sectors complain about wage compression because of immigration?
>This kind of selfishness, even though I as someone in the middle classes benefits from it, is both hugely immoral and detrimental to our society.
What you call selfishness is just the byproduct of capitalism. That selfishness is what makes countries wealthy. It's becoming increasingly clearer Brexiters want to go down the route of socialism. Their idea of a fair society is nothing but envy towards those who have more than them. We gave birth to countries like the US and Australia and we're now going down the path of the likes of France and Spain.
>>79968041
Sorry if the truth hurts. But don't worry, you will get your country back. The nanny state will make a return to Britain, bigger and more "compassionate" than ever. I look forward to move to a different country in the next few years though. A place where success serves as an inspiration and not a source of envy and suspicion from people who piss on my chips.
>>79963932
/Thread
>>79962843
It's less then the Irish pound when Ireland converted to Euros. You're literally worse than potato niggers.
>>79966922
>found the smug londoner
>>>r/eddit
>>79962148
Your answer suggest you don't know what shorting is.
>whatever bank I make from shorting at this point will be offset by how absurdly expensive things are about to get in this country
Making 1000 pounds by shorting the pound is still better than not making 1000 pounds by not shorting the currency. Unless the pound is worth nothing, you have made a net gain you absolute fucking twat.
>>79964304
>>79964532
>>79969183
Europeans thinking they know what is best for the british people. Please go back to r/europe and cry about brexit
>>79969090
> the government topping up their unimpressive economic activity with welfare.
Which exponentially worsening because of the uncontrolled immigration.
> that compression has only been felt by the less skilled precisely because the services and goods they provide are so terrible
Lowed skilled work is still vital, the problem is the labour force is utterly flooded. This only benefits the wealthy. It isn't about socialism, the low killed immigration FAR exceeds the high skilled immigration. This would happen to ANY sector, no matter how skilled. It just so happens that it's really beneficial to corporations and the middle class to flood the working class sectors.
> What you call selfishness is just the byproduct of capitalism.
This is a product of crony capitalism, which is what the EU is all about. Had they been willing to compromise on this one issue we would probably have remained. If you make any serious investigation into EU policies, you'd soon notice a pattern emerging concerning the type of people their policies consistently advantage - to the expense of everyone else.
https://www.theguardian.com/world/2014/may/08/lobbyists-european-parliament-brussels-corporate
We can do better than this.
>>79969473
>Making 1000 pounds by shorting the pound is still better than not making 1000 pounds by not shorting the currency.
Really? So why don't you short the Venezuelan Bolivar? It's been on free fall since 1998 so it's a risk-free bet. Why are you holding on to Australian Dollars when you could short the Bolivar and make a profit on it you fucking spastic.
>>79969090
You're correct to identify that Brexiters -- at least the ones on /pol/ -- appear to be going down the route of socialism. They're going down the route of national socialism. You're pretty fucking stupid, though, if you've been on /pol/ all this time and you haven't recognised they went down this route a long time ago. You're correct also to identify that the selfishness addressed by the other poster is a byproduct of capitalism. The excesses of capitalism enslave countries to the moneygod, and what develops is what has developed, profiteering from a degenerated morality, where nothing is sacrosanct, the destruction of culture and community, the loss of the intangible, nameless things that give meaning to life. Evidently you're a coward and a cunt and all your grandstanding is a lot of shit when you plan to flee the country when confronted with something you don't like. You don't love your country, and you don't belong in it.
>>79970021
Your argument implies all your money is not in Pounds and you don't live in Britain? Really? All your money is in a different currency and your local tesco accepts sexual favours now does it?
>>79965316
You're not taking your own advice when you compare it to 2008-2009 financial crisis.
During the 2008-2009 financial crisis, the USD was not an "outside currency" as it is in the case of Brexit.
>>79948167
When does the Euro collapse?
>Asda reveal they will be cutting prices
http://www.belfasttelegraph.co.uk/business/news/supermarket-shares-plunge-amid-asda-price-cut-reports-34862226.html
B-B-B--B-UT MUH FOOD IS GOING TO GET MORE EXPENSIVE!
Lol. The middle class is scared as fuck. I work at Asda and have done for 10 years. My mother has worked at the same Asda for 40 years, my father for 43.
I get an employee discount. We all do. This summer I am going to be buying Asda value brand tinned beans. Asda value brand chocolate. Asda value brand crisps. It is going to be so fucking cheap. I have saved for years waiting for this moment. I am going to purchase every Asda Chinese Curry Feast. every Asda frozen pizza. Every Asda spaghetti hoops tin. Every Asda cheesecake. When the economy collapses, the bankers and elites will line up around the block begging me for some Asda value cheese puffs. They'll give me every penny and a blowjob for some fucking Monster Munch
This is my revenge and its beautiful. Fuck the EU.
>>79970554
Soon
Deutsche bank and the italians banks are soon to be bankrupt
>>79970344
Nope, my argument implies the total amount of money I own is greater than my short-term spending needs in the UK.
Having a portfolio with currencies from more stable and industrious economies is far better than burning everything on extra 0's in a currency from a country that is clearly about to commit economic suicide and which would only give me purchasing power in a market where soon enough there will be very few relevant things to purchase in the first place. And like I said before, I'm planning on moving out in the near future, but thanks for trying to tell me what to do with my money.
>>79956846
Soros has placed a bet on the German bank failing soon.
Probably an idea to follow suit.
>>79970601
This just makes me feel bad for you. I'm guessing the equivalent here would be a whole family working at Wal Mart and someone bragging about it and how their master plan is to stock up on Great Value brand items. Depressing, dude.
>>79971091
So what if you made a net gain on shorting the pound and then just traded it for a different currency? Why do you have to keep it in GBP after you have made the profit?
If you think the pound is going to drop to 0. Make a net gain and then trade it to a more valuable currency.
I don't care what you do with your money but your argument just doesn't make sense.
>>79971091
How would I get started doing what you're doing now? Any hints as to what currencies you're talking about?
>>79971743
How do you do that?
>>79963803
kek
>>79972116
What? But that's the point I'm trying to make. I think the pound will drop further, so any profit I make with shorting GBP would have to be spent in the UK either by buying property or investing in businesses here, neither of which I'm willing to make given the deterioration of our financial sector, the looming government debt crisis and the likelihood of a more socialised economy in the future.
If I were to short it only to buy another currency in the future, I would be making a loss if my bet on it falling further is correct.
Say I have 1,000 GBP and want to short it against USD (1.00GBP/1.29USD). Today I could buy 1,290 USD. I believe the pound will fall further, so if I'm correct, I could buy back GBP a month from now for let's assume, 1.00GBP/1.15USD. That would give me 1,121 GBP. A big profit against my initial 1,000 GBP but as I said, there is nothing I wish to buy with that extra money here. You say I should then use that profit to buy more dollars, but you don't make any sense because 1,121 GBP would only get me 1,289 USD at this point, less than the initial 1,290 I could have kept.
>>79972538
I'm not doing anything complex, just transfering my savings outside the UK to Ireland. I'm opening an account with Danske Bank there, they're a Danish banks and fairly safe. For now I will keep everything in Euros, but I plan on holding US Dollars too because that's where I'm planning to move. Unfortunately the process of opening an account in the US while living overseas isn't straight forward so I won't bother with that at the moment.
Pound/dollar parity when?
>>79974587
Stay the fuck out of America you pathetic limp wrist cuck. I swear to god will end you.
>>79948167
No, it is time to stop measuring the british currency against the currency of the failing union that they have just left.
Measure it against the $ for fuck sake.
>>79948167
I wouldnt worry too much the euro is a dying currency
>>79974587
so use leverage
>>79958221
haha Ireland.
You are a welfare state. Your whole nation revolves around handing out free money to losers who cannot make their own.
You have no defence budget, you aren't even a real nation.
>>79954955
rly makes u think
>>79975484
>Measure it against the $ for fuck sake.
Sterling has just hit a 31 year low against the dollar.
get a wheelbarrow, fill it up with pounds, and go get a soda. jk britianbros
>>79965871
this
/thread
I dunno - did Britain panic in 2011 or 2013 when it was lower?
Not about the pound, no. About Italian Banks, Deutsche Bank, and british property funds freezing, sure.
>>79976064
https://www.youtube.com/watch?v=XrH_zkWGIHM
>>79948167
I am happy with the falling pound. I will buy myself a British trophy wife!
The one on the left in pic related.
>>79957506
The infrastructure never left it was just abandoned
>>79976617
How does anyone find British sluts attractive is beyond me.
>>79950238
>british """""industry"""""
>>79976617
"trophy"
>>79975484
mate, it's dropping against everything except the bolivar. oh wait, i stand corrected, it's actually falling against the bolivar.
>>79948167
Freedom has a price, mate.
>>79965871
China only wanted to cozy up to the UK because it promised access and a voice within the greater EU.
now that's gone to shit, you think China still wants to invest in 64million consumers, or 440million?
>>79977350
Compared to German women, all British chavs are 10/10s.
>>79948167
slightly weaker currency is better for business.
UK stands to trade more now.
Seeing as how "slightly weaker" for them is still having the most valuable currency on Earth, I don't see why the fuck they would panic. They seem to be getting their way, UK business should see a small boom in the coming days. Maybe some of those dying towns propped up by foreign money will get their jobs and livelihood back, instead of handouts.
Even if they don't, at least they had the balls to try.
Hmm wonder why
>>79978478
>UK stands to trade more now.
45% of UK's export goes to EU.
Once it loses access to single market...bye bye UK as a country.
>>79978714
Russia would be more than happy to trade with anyone right now.
This is only one example. EU restrictions no longer apply, the world is your oyster once again.
>>79978890
UK is literally the most hostile towards Russia of the big european nations
>>79979005
USA is the most hostile to China, doesn't mean we dont use each other for profit.
Stop being so European in business, your pride doesn't matter when it comes to making money.
>>79979121
They were the ones who pushed the hardest for the sanctions you fucking retard.
>>79948167
Cool, maybe we can get off banking and make shit again.
>>79978714
India, Hong Kong, US, Canada (possibly on hold), and China are all looking for new trade deals with the UK.
>>79980037
Too bad that it won't make any difference to restoring 45% of UK's export.
And I am sure a position of 55 mln country will be very strong towards China or India.
i knew i should have left the country years ago
>>79950238
>beacon of industry
No lad, you ar at best the bacon... You know, because you are ignorant pigs.
>>79963932
/thread
