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Brexit

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KingstonMariner
December 21, 2018, 11:11pm Report to Moderator
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Quoted from Maringer
Bear in mind that approximately a quarter of the national debt is actually the £435 billion created by QE which is owed to the Bank of England. Who owns the Bank of England? Well, it's the UK government! One part of the UK government 'owes' over £400 billion to another part of the government. Is it really possible to owe yourself money? How many know that the interest paid on the bonds created during QE goes to pay off the national debt!

Another thing to recall is that the UK national debt is denominated in Sterling. The UK government is the sole issuer of Sterling (although they authorise UK banks to create Sterling) so we can never run out of money. The countries that people use as scare stories (Zimbabwe, Venezuela etc) about inflation don't borrow in their own currency - they borrow in other currencies over which they have no control (usually USD). When we need to pay interest on debt in Sterling, we can just create the money to do so and the only place it can then ultimately be spent is the UK.

Finally, who owns the debt is important. About half is owned by UK institutions, banks, pension funds and individuals. The interest paid is then retained in the UK. It also provides a reliable investment opportunity for pension funds and the like.

The Tory justification for austerity in 2010 was entirely spurious. If your national debt gallops out of control, you've got something to be concerned about. Ours didn't (quite), despite the financial crisis. The fact that the UK government is selling long term gilts at rates effectively below inflation is very telling - investors are basically willing to lose money to keep a reliable income stream from the interest.


Don't go confusing people with facts. You know it only makes them madder.


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KingstonMariner
December 21, 2018, 11:16pm Report to Moderator
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Why is it when you go out, it's always the Brexiteers that want to bend your ear in the pub and won't shut the intercourse up? Always moaning about 'Remoaners' who apparently won't keep quiet. Yet it's always Brexiteers that drone on* about the whole thing, like some sad illegitimate with a hobby-horse and no mates. Get over yourselves. We'd be a more successful country if you shut the intercourse up and we could all get on with each other and build the new future you bleat on about. But like my ex-wife, you won't let it lie.

* Gatwick reference unintended


Oi niitä aikoja, oi niitä aikoja
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Marinerz93
December 22, 2018, 10:03am Report to Moderator

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Quoted from KingstonMariner
Why is it when you go out, it's always the Brexiteers that want to bend your ear in the pub and won't shut the intercourse up? Always moaning about 'Remoaners' who apparently won't keep quiet. Yet it's always Brexiteers that drone on* about the whole thing, like some sad illegitimate with a hobby-horse and no mates. Get over yourselves. We'd be a more successful country if you shut the intercourse up and we could all get on with each other and build the new future you bleat on about. But like my ex-wife, you won't let it lie.

* Gatwick reference unintended


I would say that depends on the company you keep and the people you mix with. Maybe it's you attracting the Brexiters with you ruining their evening remoaning loudly and sapping the life out of the party, the comment about shutting the intercourse up goes both ways. A democratic vote was taken to leave the EU,  and it seems the anti democratic federalists are the ones that have no grip on the reality of a Federal Europe with more and more power as they control everything in our lives without our consent and the inability to vote the bureaucrats out or the ability to say no.

Unanimity - Unanimity Rule is a voting rule in which decisions are made based on unanimous approval of those casting votes. That is, every voter must cast the same vote. Unanimity is used in elections where there is no room for doubt or disagreement. The veto that remainers cling to is going as Juncter stated in his state of the Union speech, just like the EU army and EU embassys that he said would happen and the happless remainers said would never happen. These plans all came pre 2012 and they are now in place. The EU's final pieces of the jigsaw are coming together and they'll soon have total control in the coming years.



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grimsby pete
December 22, 2018, 12:43pm Report to Moderator

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I would just like to add its the remainers that keep harping on about another referendum,

I also think the EU will blink first when we get nearer the day if they think we are leaving with no deal.

Relax all will be well.


                           Over 32 years living in Suffolk but always a mariner.
                           64 Years following the Town
                           Michael Jolley's  Black and White Army.

 
                            
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KingstonMariner
December 22, 2018, 12:59pm Report to Moderator
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Quoted from Marinerz93


I would say that depends on the company you keep and the people you mix with. Maybe it's you attracting the Brexiters with you ruining their evening remoaning loudly and sapping the life out of the party, the comment about shutting the intercourse up goes both ways.


Not at all. I never mention the subject when out socially, but it's always some sad sap who keeps bringing it up whether you know them or not. Brexiteers seem to think they can bend anyone's ear about it, any time. I've never approached anyone in a pub to start a conversation about Brexit and I've never had anyone approach me when I'm out and say 'this Brexit idea is bonkers innit?'

It's the Brexiteer bores who sap the life out of an evening out. They're typically the type who you can't engage in any meaningful intelligent conversation about it either - I've only ever spoken to one who you can have a proper discussion with, it's always their way or nothing. Argumentative loadmouths who have no ability to work with people who see things differently to find common ground.

They've ruined the country now they want to ruin my evening out!


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KingstonMariner
December 22, 2018, 1:02pm Report to Moderator
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Quoted from grimsby pete
I would just like to add its the remainers that keep harping on about another referendum,

I also think the EU will blink first when we get nearer the day if they think we are leaving with no deal.

Relax all will be well.


No remainer has ever brought the subject up when I'm out.


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barralad
December 22, 2018, 1:32pm Report to Moderator
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Quoted from grimsby pete
I would just like to add its the remainers that keep harping on about another referendum,

I also think the EU will blink first when we get nearer the day if they think we are leaving with no deal.

Relax all will be well.


I campaigned for and voted to Remain. I do not want another referendum. I just want something more concrete than the hope that Brussels will "blink first" and something less nebulous than "Relax all will be well" You know something like a Brexiteer putting an actual time limit on this broadly quoted "Well it will be horrible for a while but then it will be ace". Given that austerity has lasted eight years with no end in sight (despite what the criminally useless Maybot comes out with) I do not expect to see this promised land any time soon.


I have an inferiority complex-It's not a very good one though.
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barralad
December 22, 2018, 1:47pm Report to Moderator
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Quoted from Marinerz93


I would say that depends on the company you keep and the people you mix with. Maybe it's you attracting the Brexiters with you ruining their evening remoaning loudly and sapping the life out of the party, the comment about shutting the intercourse up goes both ways. A democratic vote was taken to leave the EU,  and it seems the anti democratic federalists are the ones that have no grip on the reality of a Federal Europe with more and more power as they control everything in our lives without our consent and the inability to vote the bureaucrats out or the ability to say no.

Unanimity - Unanimity Rule is a voting rule in which decisions are made based on unanimous approval of those casting votes. That is, every voter must cast the same vote. Unanimity is used in elections where there is no room for doubt or disagreement. The veto that remainers cling to is going as Juncter stated in his state of the Union speech, just like the EU army and EU embassys that he said would happen and the happless remainers said would never happen. These plans all came pre 2012 and they are now in place. The EU's final pieces of the jigsaw are coming together and they'll soon have total control in the coming years.



Am used to your views on this mate but can you tell me which part of our British bureaucracy we can vote out now? The last time I looked all civil servants were unelected...even at the top. We can vote out MEPs it just so happens that the great British electorate voted in significant numbers to be represented by a party that boasted that it wouldn't represent them. They could have joined forces with other anti federalist parties but didn't. The British people got a sh1te deal from UKIP.
Here's a challenge. Name me five laws enacted by the E.U. that either we didn't like or couldn't veto..


I have an inferiority complex-It's not a very good one though.
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grimsby pete
December 22, 2018, 2:22pm Report to Moderator

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Another thing that I think will not happen if we leave with no deal,

The EU will not have a hard border in Ireland and we wont,

So whats all the fuss been about.


                           Over 32 years living in Suffolk but always a mariner.
                           64 Years following the Town
                           Michael Jolley's  Black and White Army.

 
                            
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Maringer
December 22, 2018, 5:05pm Report to Moderator
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Not one to usually post videos, but I find this one amusing:

https://www.huffingtonpost.co......e0a0e4b09025ba310fce
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