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Forums - Politics Discussion - WOW! In 8 hours people have become experts in global finance and economics. Lets talk facts.

Nem on 25 June 2016

maybe you should look here:

http://gamrconnect.vgchartz.com/thread.php?id=217958



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Ganoncrotch on 25 June 2016
Nem said:
maybe you should look here:

http://gamrconnect.vgchartz.com/thread.php?id=217958

Given this threads title and post direction it's clear this thread is a response to that one.



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think-man on 25 June 2016

http://gawker.com/hours-after-brexit-vote-leader-of-leave-movement-adm-1782570341?utm_campaign=socialflow_gawker_facebook&utm_source=gawker_facebook&utm_medium=socialflow



 

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Locknuts on 25 June 2016

I can see the economic consequences for Europe. But I have to ask: What possible 'professional reasons' could you have had to allow your laws to be introduced by someone you never elected or have the power to remove?

If I was a Brit this would have been all the motivation I'd need to vote Leave.



Michelasso on 25 June 2016

Trade

16% of ALL goods exported from the EU come to the UK.  The UK is THE biggest single market for goods from the EU.  Bigger than the USA.

In summary, the UK imports £219bn worth of good from the EU and exports £133bn worth of goods to the EU.  So we import £85bn more from the EU than we export.  The EU countries will want to close of an export market worth £219bn?  Thats a ridiculous notion.

 

From the site of your own government (hopefully it's reliable enoughfor you, no matter the quite dumb choice of its PM lately): https://www.eureferendum.gov.uk/q-and-a/trade/ 

Doesn’t the EU need us more than we need them?

No. A much higher proportion of UK exports go to the EU than EU exports come to the UK. The EU is the destination of 44% of the UK’s goods and services exports, but the UK is the destination of only 8% of the EU’s exports.

As a result, EU exports to the UK are worth 3% of EU GDP, while UK exports to the EU are worth 13% of UK GDP – four times more. Also, almost half of all of our foreign investment comes from the EU.

---

Maybe if the English voters cared to get some information before blindly vote on the base of nationalism and the size of bananas there would be less confusion.



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Locknuts on 25 June 2016
Ka-pi96 said:

Not really. Sure the EU commission may be appointed rather than elected, but things still have to be agreed with the parliament/council both of which are elected.

Besides, a country that has unelected government anyway (house of lords + monarch) looks pretty hypocritical complaining about that...

Well it's not hypocritical for me as I'm not a Brit, just a big believer in the values and principles of democracy.

Also, I'm pretty sure the parliament would be able to object to EU regulations, but if most other EU members insisted then the parliament would get overruled. I'm obviously not an expert by any means, but laws should only be put forward by elected representatives. 



palou on 25 June 2016

To begin with lets just at least agree that Brexit is a global issue, if you cant accpet this then I cant help you and you are deluded.

Well, that's the problem. The choice was extremely irresponsible from the UK. It has a slightly negative impact on the UK (actually, just as bad as any one else- industry is just predicted to recuperate from the lower pound, adding export value/more competitivity in local markets), and a very negative impact on the world as a whole. 

This probably has to do with the fact that my (current residence/passport nationality and fatherland/country of issuing/motherland) are all different, but I do believe that residents of one country should also have someresponsibility towards what happens in the rest of the world.



Bet with PeH: 

I win if Arms sells over 700 000 units worldwide by the end of 2017.

Bet with WagnerPaiva:

 

I win if Emmanuel Macron wins the french presidential election May 7th 2017.

Locknuts on 25 June 2016
kowenicki said:
Locknuts said:
I can see the economic consequences for Europe. But I have to ask: What possible 'professional reasons' could you have had to allow your laws to be introduced by someone you never elected or have the power to remove?

If I was a Brit this would have been all the motivation I'd need to vote Leave.

I work in financial services.  Market uncertainty and volatitility makes my life more difficult.  Anything for an easy life you know...

I can see that. But I'd still have to vote leave.



palou on 25 June 2016
Michelasso said:

Trade

16% of ALL goods exported from the EU come to the UK.  The UK is THE biggest single market for goods from the EU.  Bigger than the USA.

In summary, the UK imports £219bn worth of good from the EU and exports £133bn worth of goods to the EU.  So we import £85bn more from the EU than we export.  The EU countries will want to close of an export market worth £219bn?  Thats a ridiculous notion.

 

From the site of your own government (hopefully it's reliable enoughfor you, no matter the quite dumb choice of its PM lately): https://www.eureferendum.gov.uk/q-and-a/trade/ 

Doesn’t the EU need us more than we need them?

No. A much higher proportion of UK exports go to the EU than EU exports come to the UK. The EU is the destination of 44% of the UK’s goods and services exports, but the UK is the destination of only 8% of the EU’s exports.

As a result, EU exports to the UK are worth 3% of EU GDP, while UK exports to the EU are worth 13% of UK GDP – four times more. Also, almost half of all of our foreign investment comes from the EU.

---

Maybe if the English voters cared to get some information before blindly vote on the base of nationalism and the size of bananas there would be less confusion.

Does it really matter who needs whom more?

If they both need each other, it should be seen as something good.



Bet with PeH: 

I win if Arms sells over 700 000 units worldwide by the end of 2017.

Bet with WagnerPaiva:

 

I win if Emmanuel Macron wins the french presidential election May 7th 2017.

Michelasso on 25 June 2016
palou said:
Michelasso said:

From the site of your own government (hopefully it's reliable enoughfor you, no matter the quite dumb choice of its PM lately): https://www.eureferendum.gov.uk/q-and-a/trade/ 

Doesn’t the EU need us more than we need them?

No. A much higher proportion of UK exports go to the EU than EU exports come to the UK. The EU is the destination of 44% of the UK’s goods and services exports, but the UK is the destination of only 8% of the EU’s exports.

As a result, EU exports to the UK are worth 3% of EU GDP, while UK exports to the EU are worth 13% of UK GDP – four times more. Also, almost half of all of our foreign investment comes from the EU.

---

Maybe if the English voters cared to get some information before blindly vote on the base of nationalism and the size of bananas there would be less confusion.

Does it really matter who needs whom more?

If they both need each other, it should be seen as something good.

Technically it does. Because the EU may decide the introduce duty taxes with the UK. It's the same old logic: if you're not with us, you're against us. And since it has been England the one that decided to leave.. Also to show the other Countries that it is better to be a big, "happy" family. Divorces are always costly and the EU sure isn't the one who wants to pay its price.