The financial argument for Brexit (Sargon of Akkad)

 
More Than Mortal
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This is the way the world ends. Not with a bang but a whimper.
YouTube


Note: I am posting this before I watch it.


Mordo | Mythic Invincible!
 
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emigrate or degenerate. the choice is yours
I read somewhere that the disastrous financial projections of Remain only works under the assumption that the British government would do nothing in response to a Brexit. Even then, the Treasury forecasts a 0.1% reduction in GDP for the next four quarters if we left the European Union, in comparison to the 08 recession which lead to a 7% reduction in GDP. The latter did not result in 50 gorillion jobs being lost.

There's obviously lying on both sides but the fearmongering from Remain has been outright comical.


 
 
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Britain used to own half of the world. Now they are Brussel's puppet.


 
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This is the way the world ends. Not with a bang but a whimper.
From what I've read, a sizable majority of economists, major businesses, banks, governmental institutions, think-tanks, international financial organizations, research institutions and economic magazines seem to support the notion that a Brexit is much more likely to be bad for the UK than it would allow the country to flourish.
What you say is correct, in that--at least it seems to me--a majority of publications are coming out in support of Remain. However, academics have criticised the Treasury for essentially acting as a "propaganda machine", with one Professor David Blake claiming that the models used in Treasury analysis predict that the UK would be better off joining the Euro, and that every country in the world would be better off in the EU. I haven't had a chance to read Blake's report, but if it's true then it is very damning. Not to mention the obviously ridiculous claims from the Treasury and politicians that Brexit would lead to an immediate recession, or that it would necessitate a fiscal adjustment of ~Β£40bn.

I would also point out that saying "economists think X about Brexit" isn't very useful, even if the claim is technically true. Economics is a big field; when polled on whether or not Britain should join the Euro, most economists said yes. The only group to say no were monetary economists, the most qualified group to answer the question. I'd like to see a specific breakdown of which sub-fields lean which way before I can commit to saying the field is broadly united. Not only that, but if we look at reports commissioned by investment funds--who, if anybody, have something to lose from Brexit--such as this one there tends to be a general agreement that, economically, Brexit will be neither extraordinarily bad or extraordinarily good.


 
 
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This is the way the world ends. Not with a bang but a whimper.
BELGIUM STRONG.


Keep telling yourself that.


 
 
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Last Edit: June 15, 2016, 09:17:10 AM by Flee


 
 
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This is the way the world ends. Not with a bang but a whimper.
still abide by just about every European rule regarding commerce and trade in Europe.
I'll let you revise, but I will say this is false to my knowledge. The "No to EU" Norwegian campaign has pointed out that claims by the British government that Norway must accept and implement 75pc of EU laws are not true; the EEA agreement with Norway has a clause which allows them to refuse the implementation of new EU rules should they so desire, and they claim to have implemented just 10pc of new EU laws over the 2003-2013 period.


 
 
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Britain used to own half of the world. Now they are Brussel's puppet.
While you're trolling, I would actually be really proud of my country if this were true. Imagine this all being a brilliant scheme started by a few Belgian scholars and politicians decades ago to transform such a tiny country with such a small population into the seat of largest supranational institution ever, controlling all of it by pulling strings and faking checks and balances.

BELGIUM STRONG.

Germany failed at taking over europe twice already by conventional means. Now they've done it without firing a shot. Truly ingenious.


 
 
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Last Edit: June 15, 2016, 05:59:26 PM by Flee


 
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This is the way the world ends. Not with a bang but a whimper.
FullFact
I concede that the 10pc figure is most likely horseshit; that said, I took it upon myself to look it up after your prior comment and came across a different FullFact article which links this report. The 70-75pc figure only refers to EU directives. When including other kinds of European laws, the figure drops to 28pc. Article here.

I'd also point out that, even if we do leave, then yeah we will have to abide by certain regulations even if we aren't in the EEA. This isn't a big deal, at all; it's true for any country which exports to any other country, and recent trade deals have moved towards creating the largest free trade bloc the world has ever known, as well as pushing forward with regulatory harmonisation.

I'd respond to the rest of it but I'm too busy watching Michael Gove telling us how we can MAKE BRITAIN GREAT AGAIN.

I'll look over the rest of your comments and digest it properly tomorrow.


 
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This is the way the world ends. Not with a bang but a whimper.
(think a Commission notification to Portugal for being late in submitting their information on the economics of the olive oil sector)
. . .


 
 
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Last Edit: June 15, 2016, 06:57:08 PM by Flee


 
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This is the way the world ends. Not with a bang but a whimper.
but to create very detailed economic analysis, predictions and impact assessments.
I'm on board with that. I just find it amusing that countries get notifications when the paperwork is late.


 
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This is the way the world ends. Not with a bang but a whimper.
To be honest, I kind of want to vote Leave just to see the look on that cunt Osborne's face when house prices don't collapse and the world doesn't end.


 
 
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This is the way the world ends. Not with a bang but a whimper.
To be honest, I kind of want to vote Leave just to see the look on that cunt Osborne's face when house prices don't collapse and the world doesn't end.
Have you actually decided which way you're going to vote yet?
I'm mildly on the Leave side.

But I'm not a MAKE BRITAIN GREAT AGAIN Brexiteer. I honestly doubt it will make that much of a difference to the economy, or how the UK governs itself. I do believe that a "democratic restoration"--or whatever you want to call it--is one of the genuine benefits of leaving the EU. It also means we aren't going to be on the losing side of Council votes so often, especially on foreign policy, development, agriculture and employment law (source).

The problem is that the British people voted to remain in the prior economic union because we were told by our politicians (well, I wasn't born then, but y'know) that it would never be a political union. And what is it? It's unabashedly a political union that makes no secret of its ultimate end-goal of federalism; this has been the goal since its inception. And even if federalism is never reached, it's quite clear that those at the top of the EU are committed to ever-closer political union. Not something I'd like to see.

I don't viscerally hate the EU. I think a lot of the shit it does is whacky--like that quote in their visitor's centre--but maybe that's because I'm British; Continentals might be less enamoured on average with concepts like national sovereignty.

I'd also add that the smugness and arrogance with which the Remain campaign has conducted itself, virtually across the board, has been vile. Since the new parliament, and since the campaigns kicked off, I've not only lost respect for both Cameron and Osborne but I've also lost some for organisations like the IMF.


 
 
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Last Edit: June 17, 2016, 11:47:00 AM by Flee


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All this effort put into economic arguments both here and elsewhere and it doesn't bloody matter. All that matters in stopping our demographic suicide and ensuring that the White Britons have hegemony and monopoly on the state, government and over the land. Or do you think that because of magic dirt that should we continue on this trend and by 2065 when White Britons are a minority on our isles that what has been past precedent when Whites have lost hegemony to a Coloured demographic majority won't happen here?


 
 
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This is the way the world ends. Not with a bang but a whimper.
Fuck me man, I've been neglecting this site again. I'm sorry Flee, I just left your comment dangling.


 
 
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All this effort put into economic arguments both here and elsewhere and it doesn't bloody matter. All that matters in stopping our demographic suicide and ensuring that the White Britons have hegemony and monopoly on the state, government and over the land. Or do you think that because of magic dirt that should we continue on this trend and by 2065 when White Britons are a minority on our isles that what has been past precedent when Whites have lost hegemony to a Coloured demographic majority won't happen here?
But a vast majority of non-white immigrants coming into the UK do not originate from the EU.

And? Why should we be apart of a union where the President of the European Parliament can openly say that Germany exists purely to serve the interests of a foreign state and ethny? Or that celebrates a man whose projection of the future of Europe was a bastard servile race ruled over by a caste of cosmopolitine Jews?(1) (2) (3)


 
 
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This is the way the world ends. Not with a bang but a whimper.
Fuck me man, I've been neglecting this site again. I'm sorry Flee, I just left your comment dangling.
That's alright, I wasn't really expecting a response to this one anyways.
Do you know any pro-EU, pro-Remain resources/sites/articles you think it would be good for me to read? I'm trying to smash a book by an economist called The Trouble With Europe before the vote; seems only fair I give the other side due consideration.