Sterling volatility hits crisis levels as Brexit pulls ahead in polls - Polidicks

[QUOTE=JoeSkylynx;50478171]I have lived in the UK previously, and stating, "Just because you were born to British family doesn't make you a citizen!" is one of the weirdest things I have ever heard. The implications of such a thing would mean that just because you are born somewhere, doesn't make you a citizen. As for where I learned the politics, I have a fairly good grasp of what is going on over there at the moment. The EU is in dire need of reform or to be restarted completely. Far to many groups in Central Europe are pushing for the EU to become a federalized state which will never happen, and with them constantly pushing it, it's going to only cause more problems. Look at the current problems in Greece and Spain at the moment. You have places where certain political factions are literally going around killing each other over austerity measures, and with the refugee crisis we are seeing a new rise in Far Left and Far Right terrorism. What has caused this? Lack of management, lack of understanding for another's culture, and places like Germany forcing down their ideals down the throats of other countries. This simply does not work in practice, and Europe as a whole would be better off with proper border management, trade deals which incentivize progress through cooperation and not law playing, and not causing economic recessions in some countries to protect others. At it's current state, the EU is a slowly sinking ship. It is better to remove oneself from said ship as a warning to the rest of the ship's passengers. If the UK leaves, it might bring some incentive to repair the EU's systems as a whole.[/QUOTE] [URL="http://www.bbc.co.uk/news/world-europe-34131911"]you're aware that the UK has taken in far below the EU average of refugees and asylum seekers?[/URL] nothing has been "forced down our throats" and our borders are managed just fine, thank you. if anything "repairing the EU's systems as a whole" would entail us taking [I]more[/I] in to ease the load on other countries and being, you know, a Union, but i doubt you'd see it that way if the time actually came to sack up.

[QUOTE=Killuah;50478634]That is not true and a broad generalization though? There are many many means to encourage investments? And about the ECB, are you talking about interest rates? What do you want ?The countries to have seperate currencies? That's actually an investment barrier. And even then, the current key interest rate is 0.00% Do you want negative interest rates? I agree that the austerity measures are fucking bullshit though that's what I criticize my own government for HEAVILY(and what is actually what many left groups are saying too btw)[/QUOTE] [QUOTE]There are theoretical benefits to the Euro. Reduced transaction costs help. Some herald increased integration (I don't, but that's my opinion). Free movement of capital was largely already in place, but was aided by the Euro. The ECB, in good times, provided a stable monetary policy for countries struggling with inflation, and made a government more able to borrow money, which it could theoretically use well. However, this was a fair weather union. most economists today do not support the concept of the Eurozone in my experience as they do not believe it is an 'optimal currency area'. I will discuss why. A common currency requires common monetary policy. This common monetary policy is run by Germans. The problem with this is that this monetary policy may not be suitable for other countries in the Eurozone. This is because other countries may be at different stages in their economic cycle and as a result require different monetary policy to aid their economy, whether that be stimulus through decreased interest rates or contractionary monetary policy through increased interest rates. There are a few ways that countries traditionally dealt with debt: Growth, inflation, default. This is extremely pertinent to the European debt crisis. Growth is not possible due to the grinding austerity imposed upon broken economies by Germany. Inflation is not possible because of monetary policy being controlled by the ECB. And default is not realistically possible because that would almost certainly result in being forced to deal with the catastrophic results of leaving the Eurozone. The other enormous problem with the Euro is to do with trade. The Euro is valued effectively at a weighted average of what the individual currencies would be worth. This is enormously beneficial to some countries. Germany exploits this to great effect. It is able to sell its cars and washing machines to Britain and everywhere else at low prices due to its undervalued currency. This is very beneficial to you Germans. You enjoy a dangerously destabilising trade surplus as a result of this, sucking capital away from southern Europe and impoverishing it. But that isn't all! The countries of southern Europe have their exports overvalued as a result of their currency being used by Germany and the Netherlands, and so on. As a result, their economy suffers. The final issue of the Euro is the lack of common fiscal policy. Many of these countries were able to borrow vast amounts and accrue a huge amount of debt as a result of their membership of the Euro. This was even when these countries were cheating and lying to join the Euro in the first place. The markets understood that a Eurozone member could never default and as such was, in practice, backed up by Germany. This enabled governments, such as that of Greece, to effectively buy votes through lavish spending (for a small economy) and low (or at least unenforced) taxes. All of this has led to the catastrophe we see in the Eurozone today. They are stuck in a hole with no way out. The economies of Europe are tied to each other. Germany is on top of the cliff, struggling to avoid being pulled right off by Greece and Portugal into the ocean. [/QUOTE] Care to respond to any of what I wrote on the subject in the last thread about this?

[QUOTE=Killuah;50478727]Taxes, deregularization, trade deals, protectionist laws, support programms, I am not a financial expert but I think interest rates below zero are not so cool[/QUOTE] No you're not.

Yo killuah aybe instead of nitpicking my post for semantics you could deal with the whole thing (and flashmarsh's)... you know... the economic side of the debate you've so carefully brushed over? Also your response was bullshit. Burning refugee homes are the refugees themselves in a misguided attempt to get better accommodation. Left wing extremism is prevalent everywhere right now and if you'd been to an antifa rally you'd have seen it firsthand. It isn't oft reported on but we are seeing a growing trend of radleft assaults on even the supporters of the moderate right. But, moving away from the point, your reading comprehension is perhaps the poorest I've ever seen. I more than made a point, that being: you rabidly defend and excuse leftist excesses because you're a radical leftist. This much is obvious to everyone who has seen a history of your posts.

[QUOTE=Ruski v2.0;50478963]Yo killuah aybe instead of nitpicking my post for semantics you could deal with the whole thing (and flashmarsh's)... you know... the economic side of the debate you've so carefully brushed over? Also your response was bullshit. Burning refugee homes are the refugees themselves in a misguided attempt to get better accommodation. Left wing extremism is prevalent everywhere right now and if you'd been to an antifa rally you'd have seen it firsthand. It isn't oft reported on but we are seeing a growing trend of radleft assaults on even the supporters of the moderate right. But, moving away from the point, your reading comprehension is perhaps the poorest I've ever seen. I more than made a point, that being: you rabidly defend and excuse leftist excesses because you're a radical leftist. This much is obvious to everyone who has seen a history of your posts.[/QUOTE] You made a sarcastic one liner, there is not much else to respond to, I even listed right wing terrorist incidents. How is that semantics? [editline]8th June 2016[/editline] [QUOTE=Ruski v2.0;50478963] Burning refugee homes are the refugees themselves in a misguided attempt to get better accommodation. [/QUOTE] Are you shitting me [editline]8th June 2016[/editline] That was literally a single incident There is far far far more right extremist motivated refugee home burnings [editline]8th June 2016[/editline] Flensburg: [url]http://america.aljazeera.com/articles/2015/10/16/german-refugee-center-attacked.html[/url] Freital: [url]http://www.dailymail.co.uk/news/article-3351335/We-burn-hostel-Poster-town-Germany-s-migrant-crisis-Nazi-hate-mob-vigilante-attacks-driving-drug-taking-refugees-dream-new-life-UK.html[/url] Leipzig and parchim: [url]http://www.telegraph.co.uk/news/worldnews/europe/germany/11824695/Violence-against-refugee-centres-in-Germany-increases-with-two-new-attacks.html[/url] Berlin: [url]http://www.ibtimes.co.uk/europes-migrant-crisis-arson-attack-suspected-refugee-camp-germany-burnt-down-1517066[/url] Bautzen: [url]http://www.huffingtonpost.co.uk/2016/02/21/anti-migrant-crowd-cheers-as-german-migrant-shelter-burns_n_9286704.html[/url] Vorra: [url]https://www.wsws.org/en/articles/2014/12/17/ger2-d17.html[/url] [editline]8th June 2016[/editline] there is DOZENS more [editline]8th June 2016[/editline] I've been to an antifa rally 2 weeks ago, we had a bike corso and several sitting blockades [editline]8th June 2016[/editline] And I still don't see your point to be honest. All of the major terror attacks in the recent times in Europe have been right extremist ones. Some by fascistic Muslims(we all know the examples) Some by extremist Europeans [img]http://www.dtoday.de/cms_media/module_img/696/348192_1_lightbox_519f3efb198f3.jpg[/img] Victims of the bombings and murders on the left side How is left extremism the danger right now?

[QUOTE=Killuah;50478987]I've been to an antifa rally 2 weeks ago, we had a bike corso and several sitting blockades[/QUOTE] So you're an actual member of antifa. This explains so, so much.

[QUOTE=Ruski v2.0;50479100]So you're an actual member of antifa. This explains so, so much.[/QUOTE] I am not? I detest their violence. I said I've been to a rally and the AntiFa members (together with other protesters) organized a bike corso and several sitting blockades. I even talked to three teenager dudes who were about to follow one of the NeoNazis into a backalley to not stir shit and that the violence is doing the protest a big diservice. And also THAT is what you chose out of the whole post?

[QUOTE=Killuah;50479113]I am not? I detest their violence. I said I've been to a rally and the AntiFa members (together with other protesters) organized a bike corso and several sitting blockades. And also THAT is what you chose out of the whole post?[/QUOTE] I've just finished a 9 hour workday consulting at a client company. I honestly don't have the energy to dissect your argument (like I have so many times in the past) alongside other posters and then have you quietly stop posting. EDIT: but should you google 'refugees burn camp' I think you'll find that activity is far more widespread than you'd like to admit.

[QUOTE=Ruski v2.0;50479125]I've just finished a 9 hour workday consulting at a client company. I honestly don't have the energy to dissect your argument (like I have so many times in the past) alongside other posters and then have you quietly stop posting. EDIT: but should you google 'refugees burn camp' I think you'll find that activity is far more widespread than you'd like to admit.[/QUOTE] So you chose to ignore the clear facts showing that your post is absolute bullshit and pick out a random thing and not even read it correctly so you could attack me personally somehow. All right. I know that there are refugees burning camps too but that doesn't contrast that right extremist terrorism is the biggest threat in terms of terrorism we(we as in: Europeans and the refugee) face right now??? I just showed you half a dozen examples all over Germany(and ONLY Germany) that illustrate this?

[QUOTE=Killuah;50479138]So you chose to ignore the clear facts showing that your post is absolute bullshit and pick out a random thing and not even read it correctly so you could attack me personally somehow. All right.[/QUOTE] No lad, I chose to extrapolate a likelihood from the post so I didn't have to bother. You've said that was incorrect so fair enough (though you can doubtless see why I thought such). In addition my post isn't 'absolute bullshit' because I've literally just posted an example of how yours is incorrect. It isn't just one circumstance. There are many. I simply lack the energy after working to get involved in this negative shit. Its why I haven't posted anything aside from pity sarcasm or a joke in SH for months. [editline]8th June 2016[/editline] Lets move away from this, sorry if I caused offense labeling you as a leftie. Why don't you now debate the economics that were mentioned above in flashmarsh's post? I'll simply spectate again. :)

[QUOTE=FlashMarsh;50478807]Care to respond to any of what I wrote on the subject in the last thread about this?[/QUOTE] Yeah. I did in that thread.

[QUOTE=Killuah;50479192]Yeah. I did in that thread.[/QUOTE] No you didn't.

You are right I haven't . Welp. My bad. I felt like I had since all of these points have been adressed here or in that thread anyway.

Polls aren't always accurate; I seriously doubt we will leave If we do, any hope I have for this country will be gone

One of the truly annoying things about the EU is how cumbersomely massive and unwieldy the government of it is. See, the institution of the EU Parliament is geographically split into three. The administrative offices are in Luxembourg, the committee meetings are in Brussels, and the plenary sessions are in Strasbourg. This means the entire apparatus of the elected legislature has to bounce back and forth 200 kilometres several times a year, dragging with it an army of clerks, bureaucrats, journos, and hangers-on like a vast, noxious fart cloud, all at colossal expense to the taxpayers. This farce continues year after year because the EU Parliament constitutionally does not have the power to decide where it meets, because it was originally set down in the Treaty of Amsterdam. This can only be modified by unanimous vote of the European Council, which the French constantly veto. It's like a giant rentseeking/welfare programme for French public transport -- funnelling the tax money of five hundred million people into the pockets of French train and taxi companies. The French are pioneers in this kind of scam (see EU agricultural policy.)

[QUOTE=Menien Goneld;50479726]Polls aren't always accurate; I seriously doubt we will leave If we do, any hope I have for this country will be gone[/QUOTE] Why? It will take at least 4 years for the transition if we exit, big if too.

[QUOTE=Sobotnik;50479932]One of the truly annoying things about the EU is how cumbersomely massive and unwieldy the government of it is. See, the institution of the EU Parliament is geographically split into three. The administrative offices are in Luxembourg, the committee meetings are in Brussels, and the plenary sessions are in Strasbourg. This means the entire apparatus of the elected legislature has to bounce back and forth 200 kilometres several times a year, dragging with it an army of clerks, bureaucrats, journos, and hangers-on like a vast, noxious fart cloud, all at colossal expense to the taxpayers. This farce continues year after year because the EU Parliament constitutionally does not have the power to decide where it meets, because it was originally set down in the Treaty of Amsterdam. This can only be modified by unanimous vote of the European Council, which the French constantly veto. It's like a giant rentseeking/welfare programme for French public transport -- funnelling the tax money of five hundred million people into the pockets of French train and taxi companies. The French are pioneers in this kind of scam (see EU agricultural policy.)[/QUOTE] With this I agree but on the other hand if it was concentrated even more(people already post stupid names for the clerks in Brussles) people would ramble about too much concentrated power and the host country having too much influence(see ECB)