Why would you intentionally destroy your own economy?
just banter m8
>>61212278
The one who cares more about pride than prosperity.
>>61212278
Look at the educational demographics. That'll answer your question.
#ScotXit when?
>>61212278
That's just a meme, it should be fine by tomorrow
>>61212278
>what is behavioral finance
>>61212278
isn't that good for their exports though?
>>61212398
This lmao. Plebs voted to be even poorer.
>>61212611
If you mean by having to DRAMATICALLY lower the cost of all exports, then yes.
>>61212611
yeah so our chinese friends can buy half the UK in 3 hours
>>61212398
Post oil crash you will literally be one of the poorest countries in Europe.
>>61212611
britain's primary industry is finance
finance makes money by taking cuts of transactions, and local transactions in London are conducted in the pound
the finance industry will lose billions because pound-based transactions are now dirt cheap in the UK
>>61212741
We have other things. We are pumping out electrical engineers like you wouldn't believe.
>>61212611
Up until some point yes.
Than it's all ogre because you get swarmed by foreign investors and loose your economical sovereignity.
>>61212611
>British capitalism has increasingly turned itself into a ‘rentier’ economy, where it get its surplus value, not mainly from the production of things and services to sell at home and abroad, but increasingly from acting as a banker and investor and business advisor for other capitals overseas, and raking off a percentage in interest, rents and fees. That means the British population must import more and more goods from elsewhere to be paid for by monies ‘earned’ from financial and business services; and most important, from the willingness of foreign capitalists to put their money into banks and financial institutions in the City of London.
>So the UK runs a massive current account deficit on goods and services
>And it finances this deficit through what Bank of England governor Mark Carney called “the kindness of strangers”. By this he meant the inflow of foreign direct investment, foreigners purchase of UK government bonds and corporate stocks, and what has been called ‘hot money’, the movement of short-term cash and deposits into British banks.
>Now these ‘capital flows’ are beginning to swing from the positive to the negative too.
>>61212467
>"if i keep repeating everything will be alright, then surely, everything WILL be alright!"
>>61212789
>voted for Brexit because muh sovereignty
>they will lose it because of Brexit
Sweet justice
They've killed our NHS. It was already being starved by Tories, and the EU Migrants were paying plenty in tax to support it if it had been spent correctly.
Now we get relative pocket change back in EU membership fees, but it isn't worth shit.
Not that Nigel cares, he's completed his vendetta and his legacy is secure.
>>61212845
>>61212693
>>61212717
>>61212772
>>61212789
scary stuff for them, thanks m8s
>>61212278
Old people are ignorant of the consequences. More news at 11.
>>61212278
Any big change will influence the currency like that or am I wrong? No one knows what's gonna happen next, so they're all scared and pull out. Naturally everything around britain drops in value massively.
>>61212611
What does Britain export besides overpriced plastic wargaming miniatures?
>>61213548
You shouldn't get to vote on things like this if you've passed the mid-point of life expectancy.
>>61213548
>Old people are ignorant of the consequences
Other way around you little punk. Old people have lived long enough to see these cycles happen over and over. This is nothing new to them or particularly sensational, this is just them seeing a situation they recognize and making the right choice this time.
Honestly you shouldnt be able to vote untill you are 25 at a minumum, only then do you even start to understand the world, and its flawed at that point.
>>61213599
Pretty much fuck all since Thatcher shut everything down and sold out to the Far East.
>>61213599
Scotland produces oil.
They have a medium fishing industry
>>61212675
Money and wealth isnt everything to some people, its a feeling liberals will never understand
>>61213772
>and sold out
Monty Mole detected
Iron Maggie was based.
>>61213556
This. Curious where things will be in a day or two
>>61213760
Go to bed gramps
>>61213760
Old people are on their pensions so they don't have to worry about an unstable economy. Everyone else is about to get fucked right in the ass.
>>61213884
>Old people are on their pensions so they don't have to worry about an unstable economy
You've got that backwards. Young people can do odd jobs or steal food if they have to. Old people are dependent on the stability of the economy in order for those pensions to keep rolling in. If civilization ends they are fucked hardest.
>>61213599
pharmaceutical products.
>>61213841
Well, she did. We had industry, and she sold it all to the Chinese. This village made the best bricks in the country in the 1900s. Even today, they are still found in buildings, and tradesmen hate them. They're a nightmare to try to get through, because they are so resilient.
We don't make bricks anymore. We just look at them.
>>61213599
free pictures of the queen
>>61214116
>free
Stamps cost a fucking fortune these days lad.
>>61214113
Her biggest move was shrinking the mining sector and it was a good thing. Poland has constant problems similar to those Britain faced with unprofitable mines. Unfortunately no one here has the balls to tell the miners to fuck off, so they trash the capital every once in a while.
>>61212278
The Moozlums
>>61214332
*insert joke about polish minors*
>>61214332
Except for the massive unemployment that came from it and the London-centric spending of money.
>>61212278
Hey Straya
We got a free place for you in the EU
you joinin?
>>61213599
The overpriced books that come with those overpriced plastic wargaming miniatures
>>61214419
>wales gets most eu funding out of entire UK because of how much westminster neglects it
>"lol eu sux vote leave ecks dee"
>>61214419
Better that than the government paying a subsidiary for every tonne of coal they mine. Their coal is 2-3x more expensive than coal imported from the states not even mentioning the russian one.
>>61213835
Actully as a liberal I know that feel very well.
I'd give up a lot of my porsperity to be able to snort coke and buttfuck my gf's bf in public.
>>61214674
We have cheap coal? I thought most of our mining industry was dead
>>61213835
>overwhelming pointless national pride to the point of shooting yourself in the foot is something liberals will never understand
Well, can't say I disagree
its already rebounding
short-term instability is expected
>muh nationalism
See what you did, /pol/. Taste your shit.
Maybe next time try listening to what every academic tried telling you.
Because I can
>>61214743
Yes and you know what's the kicker the miners want to force the government to make it illegal to use anything but polish coal in the power plants. Guess what that means for the consumer. We seriously need someone to tell them to fuck off.
>>61214850
Sweden YES!
>>61214850
Intellectuals are leftist liars ande leech on the hard work of common men!
Never trust anybody with IQ over 115!
>>61214850
>literally every educated person is saying this is bad
>"must be some sort of GLOBALIST LIBERAL SJW ESTABLISHMENT conspiricy"
lads
>>61213721
>>61214939
t. pol pot
>>61214939
Especially not Stephen Hawking.
Literally Stephen Fucking Hawking supported Remain, but he was on a gravy train or something. A wheelchair accessible train, but a train nonetheless.
>>61212278
Why would you sell your country for SHINY BEADS?
>>61214958
>literally
you're not highly educated
>>61214958
It's sad it's gotten this way. Britain has long struggled with lacking social mobility and class division. This is the result of their culture of class hatred. The lower classes will always turn against the establishment and distrust the more educated and experienced. It's a sad reality.
This is why we need a strong social democracy that limit class divisions, it's the only way for a society to stay sane and sensible.
>>61212278
they hate the increasing of immigrants and the eu more than the decline of their economic strength.
its a bit surprising that they emotionally pushed forward it beyond their pragmatism.
lol why not
>>61215366
And the only way we can do this is by importing muslims.
Go Sweden!
>>61215503
That's not even relevant to this discussion at all.
>>61212352
Well people tend to care more about what they lack
>>61213599
>insert meme answer
>>61212788
Yeah and so does India, having a large portion of your population going abroad isn't going to make you any better.
>>61212278
Lads, i have 200 us dollars from a holiday last week.
I forgot.to cash it in.
If i do now will i get more or less thanks to the weak pound?
>>61215905
The EU will accept us because it'll be a blow the UK. The UK will need to fill that hole with commonwealth people.
Next thing you know, the low-skill citizens who voted to leave because there were too many brown people are cleaning their brown bosses toilet in their own country.
What a time to be alive. :)
>>61216087
You will get lots of pounds, but don't spend them once you get them. Hold them as long as you can until we climb again.
