EU referendum: Donald Trump backs Brexit

[Scot Dutchy]

Mainly, it's a common marketplace, where all members get favored status and we discuss common standards so we are stronger to discuss trade with powers like China or the US as a bloc... the EU is why we don't have merkin hormone filled and chlorine washed meat here.

and if the UK exited the EU, it would be out of ALL European institutions linked to it, so no more having to be Mr Nice Guy to our hereditary foes.

The Brexiters are scaremongering with the claim that TTIP is around the corner and that Turkey will join in a couple of years both are completely wrong.
TTIP is corporate America's wet dream and would never get approval in the 27 remaining countries. Turkey does not even have a snowball's chance in hell of joining.

Britain seems to forget the EU is a club. Leaving is not appreciated and there wont be any fancy deals to be made with the EU once they are out and also about two hundred trade agreements to be made with the rest of the world as Britain at the moment trades under the flag of the EU. That will take at least two years which is the time the divorce as laid down in the Maastricht Treaty requires. What will happen to the UK in that time having no trade agreements? Another thing the Brexiters forget is the position of the City of London. It will not be used by the EU anymore and Frankfurt will take over. This will have devastating effect on the British economy as caters for almost 80% of Britain's trade as services.

[Scot Dutchy]

Lol, I'll let any Irish members we have left have the last word on this, but I doubt the Northern Counties are anywhere near ready to leave the UK and join the rest of the Republic, the proportion of voting Catholics may be higher now than it was a century ago, but I'm not sure that such a referendum, should it happen, would end with the Republicans winning.

I would agree with you five years ago but these days the impossible could be very possible. NI floats on EU money.
The catholic church in Ireland is losing power rapidly especially amongst the young.

[Svartalf]

I sure hope TTIP does not pass, that piece of crap would leave us all dead open to the worst trade practices ever imaginable by Big Biz

As for Turkey... any new member must be accepted unanimously, no way Greece will ever let that happen (and I don't think Hungary, Romania and Bulgaria would not be too enthusiastic about it either)

and I think that once they leave the club, the UK would get some painful remainders of the fact it was allowed in reluctantly and peed in the soup all the time it was in, so not having to be nice to them will be a boon commonly appreciated over at least the next 2 decades...

I don't know about the Frankfurt exchange taking over the City though, I don't see that aspect of London becoming a minor country all of a sudden.

[Svartalf]

Lol, I'll let any Irish members we have left have the last word on this, but I doubt the Northern Counties are anywhere near ready to leave the UK and join the rest of the Republic, the proportion of voting Catholics may be higher now than it was a century ago, but I'm not sure that such a referendum, should it happen, would end with the Republicans winning.

I would agree with you five years ago but these days the impossible could be very possible. NI floats on EU money.
The catholic church in Ireland is losing power rapidly especially amongst the young.

Traditional hatreds run deep, even if the religious marker is losing influence.

[Scot Dutchy]

Why trade with the City of London a market outside the EU? Frankfurt is the home of the Euro and its trading place.

The Brexiters think that they will be able to slip out of the club and that the club will want to have agreements with them. Not logical thinking to me anyway. The Dutch PM has already stated that Britain will be in the same position as Turkey is at present. I really dont think many have thought it through and have accepted the Brexit myths as facts.
I think many EU countries will be quite happy to see the UK leave as they have behaved like a spoilt kid with a tantrum and we can the project firmly back on the rails to further integration.

[Scot Dutchy]

Traditional hatreds run deep, even if the religious marker is losing influence.

Like I said five years ago I would agree with you but now would be a great opportunity. Trade is always increasing between the two parts of Ireland with the UK leaving that would mean tariff barriers and the loss of all those EU subsidies. Religion on both sides of the border is losing badly and the Troubles are a distant memory. Ireland wants to move forward and get away from the picture of corruption and a united Ireland in the EU would be a very good way forward.

[cronus]

UK PLC futures not in the City. Money won't be making much money in future. There will be a fairly serious dislocation as the focus of the economy transitions towards agricultural genetics....which is were the next generation of brilliant UK mathematicians will be working. Nothing like as bad as Europe. I mean the Euro is gonna be shorted to hell after we leave. Which cake would you prefer as a international investment banker?

[Scot Dutchy]

UK PLC futures not in the City. Money won't be making much money in future. There will be a fairly serious dislocation as the focus of the economy transitions towards agricultural genetics....which is were the next generation of brilliant UK mathematicians will be working. Nothing like as bad as Europe. I mean the Euro is gonna be shorted to hell after we leave. Which cake would you prefer as a international investment banker?

Carry on dreaming. Getting back into the club will almost be impossible.

[cronus]

UK PLC futures not in the City. Money won't be making much money in future. There will be a fairly serious dislocation as the focus of the economy transitions towards agricultural genetics....which is were the next generation of brilliant UK mathematicians will be working. Nothing like as bad as Europe. I mean the Euro is gonna be shorted to hell after we leave. Which cake would you prefer as a international investment banker?

Carry on dreaming. Getting back into the club will almost be impossible.

UK would be trading directly with China. And South America. And North America. And the parts of the former Commonwealth. Europe would be the closed system only smaller.

[cronus]

Mega-economic blocks required massive amounts of oil, cheap and easy, to maintain their inflexible advantage. We are approaching a time of disintegration into smaller and medium sized trading blocks. It was all explained technically on a peak oil site many years ago. That is why China is under internal stress and North America also. It isn't the end of the world. Only of those grandiose impossible dreams that we could all live in a globalist utopia. It is the end of the 1%. And industrial civilization. That comes later. Within the dark ages there may come a second chance - very likely it will fail also and our demise to a stone age existence, and species extinction with sea level rises is assured. Decisions made by us all matter. And all to play for, we reach the stars or we die out. Who ever said that path was going to be straightforward or risk free?

[Scot Dutchy]

UK PLC futures not in the City. Money won't be making much money in future. There will be a fairly serious dislocation as the focus of the economy transitions towards agricultural genetics....which is were the next generation of brilliant UK mathematicians will be working. Nothing like as bad as Europe. I mean the Euro is gonna be shorted to hell after we leave. Which cake would you prefer as a international investment banker?

Carry on dreaming. Getting back into the club will almost be impossible.

UK would be trading directly with China. And South America. And North America. And the parts of the former Commonwealth. Europe would be the closed system only smaller.

How can it trade without trade agreements? Do you really think that all these countries are just going trade with Britain? Europe will be a far bigger competitor than Britain for world trade and we have the agreements. Britain would have to make almost two hundred to replace them. What do you think is going to happen to the pound in between? Britain at the moment pays 0.6% of its tax income into the EU. Do you think that is a great saving? Losing a market right on your doorstep of 500 million people. Britain is not Norway or Switzerland. It will be another Turkey.
What happens if Scotland and the North of England want to stay in? It will cripple Northern Ireland.

Brexiters just dont want to face the reality. Just keep the cross of st. George flying and listen to "land of hope and glory".

[cronus]

They are planning a massive injection of Quantitive Easing to shore up the Euro so it will appear to jump in value post-Brexit. You'll be explaining this is a stunning success? I mean it isn't like feeding a fire with gasoline. Stay safe?

[Svartalf]

Are you saying that the pound is shoring up the Euro?

[cronus]

Are you saying that the pound is shoring up the Euro?

http://www.telegraph.co.uk/business/201 ... -a-brexit/

You said it.

[Svartalf]

interesting piece, but I doubt it's reliable