Brexit vote Thursday June 23
POSTED BY: SIGNYM
UPDATED: Tuesday, July 11, 2023 17:26
VIEWED: 10465
PAGE 6 of 10
Michael Gove, the justice minister and a leader of the “Leave” campaign, threw his support to the former London mayor Boris Johnson, the most prominent figure in the anti-Europe movement.
Hanging over the jockeying for power was intensifying discussion of whether the British exit, or “Brexit,” might somehow be avoided or circumvented. Cameron has said he will leave to his successor the decision on whether and when to begin formal divorce proceedings, and neither Johnson nor Gove has been demanding such a step, leaving open at least the possibility that Britain could negotiate new terms of membership with Brussels and hold another referendum.
Johnson said from the start of the campaign that a vote to leave would push EU nations into a new negotiation with Britain to keep it in the bloc. Leaders on the Continent have little appetite at the moment for such a deal, and circumventing the clear will of British voters would appear politically problematic for whoever succeeds Cameron.
But both Britain and the EU have a tradition of muddling through crises and finding compromises to avoid the worst outcomes.
The formal process of unwinding Britain’s membership in the EU begins only when the British government invokes Article 50 of the treaty governing the bloc’s operations. Yet Cameron has declined to do so, and Johnson and other leaders of the Leave campaign have avoided being pinned down on the issue.
www.pressreader.com/usa/houston-chronicle/20160627/281505045524105
There are 4 million signatures for another referendum: https://petition.parliament.uk/petitions/131215
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Quote:
Oh well Sig, at least plenty of ordinary working people will get hurt.- KRAPO Now THAT is something I'm sure you'll laugh over! - SIGNY
KRAPO, wherever did you get the idea that I was anything but FOR ordinary working people?
Here, I explain the problems of globalization/ internationalism/ multiculturalism for ordinary working people
Quote:See? I even referenced them here.
What the advocates of "multiculturalism" don't seem to realize is that there are no international democratic institutions. All of the international structures, like the EU, "free trade" agreements, and even the UN, are out of the reach of most people.
Quote:
We can't vote on any of the policies that are decided on by international committees, technocrats, and arbitrators. If people were to look with any sort of clarity on the role of the Eurocrats in bringing unending unemployment to people of Southern Europe and how their economies are being sacrificed to support the Euro (currency), and how "free trade" agreements will ensure that decisions about the environment, labor, food safety etc. will be made by trade lawyers in secret courts only on the basis of their effect on international trade, "internationalism" stops looking so good.
By handing over the ability to take control of their own national policies, people have given up on being able to control ANY policy. And they've given it up and gotten nothing in return except a warm, fuzzy, meaningless feeling.
What is so wrong with wanting to be able to set national policies, to control (or at least manage) the production and flow of goods, the value of your national currency, and the number of people immigrating to your country? Who would rather have policy set by some faceless, distant bureaucrat five borders away? Don't we have enough problems of non-responsive government already, without making it a lot worse?
Curiously, judging by some of the people on this board, their warm fuzzy feeling of world solidarity ends the moment they encounter someone who TRULY thinks differently. One of the things that is beginning to horrify Germans, for example, is their encounter with large a large group of people who have entirely different views about what's right and wrong, what's important and unimportant, and who should decide. So even the self-congratulatory feeling of being a "person of the world" comes to a screeching halt when some of the other people of the world are TOO different, and those differences go beyond tasty food and interesting music. So much for multiculturalism!
At the same time that these mental midgets insist that they are persons of the world who value other cultures, they think nothing of bombing the snot out whole nations!
May I suggest a national identity that will be far more progressive than the one they currently follow? It has a few key elements:
FIRST, DO NO HARM.
As a nation of the world, one is not entitled to destroy other nations EXCEPT in direct self-defense. Bringing god to the heathens or Bringing democracy to the tyrannies or R2P at the point of a gun just never seems to work well. Historically, all it's managed to do is kill a shitload of people and install even worse tyrannies than before.
PLAY FAIR: TRADE FAIR
Don't economically exploit your fellow-nations. Now, generally, the exploitation is imposed at the point of a gun, so if you're not pointing your gun at another nation to begin with, you probably won't be able to hijack their resources or their labor or their markets. But just in case that's a little too distant in terms of cause-and-effect, take care not to work through entities which extract huge profits, especially those that rely on corrupting or intimidating their "business partners". (And it's not like Nestle and Apple and Walmart don't know what they're doing.)
NEITHER A BORROWER NOR A LENDER BE
This works for internal financing as well as internationaNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:Or when two years have passed, whichever comes first. For some reason the Brussels Eurocrats seem to think that they can force the UK into a decision, but I don't see how.
The formal process of unwinding Britain’s membership in the EU begins only when the British government invokes Article 50 of the treaty governing the bloc’s operations.
What I think if funny is that NOW the Eurocrats are saying that they need to be more responsive to ordinary working people! But the EU "democracy deficit" has been know for a decade, if not more. The Eurocrats have been having a nice cozy time scratching each other's backs in Brussels (where they get phenomenal salaries and pay no taxes) and passing regulations that benefit them and their wealthy friends without EVER having to refer to their own national Parliaments. What a scam!
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I'll tell you what I DON'T like about Trump: I think that he has never confronted either the international banking cartel, nor the CIA-State Dept multi-headed hydra, nor the military-industrial complex. The last person to confront them was JFK (BTW, ALL immigration was illegal under JFK) and look what happened to him.
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Quote:
I guess we get to see HOW well-capitalized the banks really are! - SIGNY
Brexit fallout continues to pummel U.K. and U.S. bank stocks
By Tomi Kilgore
Quote:
The stocks suffering the biggest percentage declines in premarket trade Monday can blame Brexit for their woes. The U.S.-listed shares of Barclays PLC BCS, -20.92% plunged 24%, after tumbling 20% on Friday. The stock was on track to open at the lowest level since March 25, 2009. The next biggest decliners were the U.S.-listed shares of Royal Bank of Scotland Group PLC RBS, -12.85% which plummeted 20% toward the lowest price seen since Jan. 26, 2009, and Lloyds Banking Group PLC LYG, -15.77% which plummeted 17% toward the lowest level seen since Nov. 16, 2012. On Friday, shares of both RBS and Lloyds had tumbled 23%. The selloff in U.K. bank stocks continued to spill over to their U.S.-based peers, with the SPDR Financial ETF XLF, -2.51% shedding 1.5% ahead of the open after tumbling 5.4% on Friday. Among XLF components, shares of Bank of America Corp. BAC, -5.23% slumped 1.8%, Citigroup Inc. C, -3.02% shed 1.9% and J.P. Morgan Chase & Co. JPM, -3.15% dropped 1.6%.
"Stocks" per se aren't really falling that much. Even the German stock exchange DAX- which took a worse beating than the the British FTSE - is still above late 2014 levels. But BANK stocks are being hit hard. The cumulative value of common (bank) stock is the core of "Tier one" capital, which is the amount of working capital that a bank is considered to have "in its vaults". When banks stocks drop drastically, the banks core reserves drop as a result. International banks went thru this in 2008. American banks were "recapitalized" (given more money) by the US Treasury and later by the Fed via "Quantitative Easing" (QE). The European banks were recapitalized (given more money) by ECB's QE in 2015.
Should globally active, systemically important banks start to falter, there is a provision called "Bail in" in which depositor's money is converted to stock. Individual American depositors are protected by FDIC insurance, but institutional depositors (retirement funds, smaller banks storing their money in larger banks, etc.) aren't protected. FWIW I don't think we'll get that far.
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Quote:With propaganda. Yes, let me take a moment to thank KRAPO for his one-eyed POV, because he never talks about jihadists slaughtering Syrian civilians, does he? It's just like your collective POV of Ukraine, bleating about a few people being killed on the Kiev side, and utterly failing to mention the 10,000 civilians killed and 1-2 million displaced on the other side. Your collective definition of "people" extends as far as your ideology, no further. And while a discussion of Syria belongs in any other thread except this one, I'm going to ask you a question which I hope you'll have the decency to answer elsewhere: What is the best way forward in Syria right now? Aiding and supporting al Qaida (al Nusra), ISIL, and other jihadists who are posing as "FSA"? Please feel free to link to your answer.
That's beyond RICH coming from someone who has expressed zero concern for the Syrian civilians being slaughtered every day by Assad/Russian forces - you have made no comment while KPO has kept us continually updated.
So thank you for bringing up a completely irrelevant topic, since you have nothing credible to say about Brexit or globalization.
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I'll tell you what I DON'T like about Trump: I think that he has never confronted either the international banking cartel, nor the CIA-State Dept multi-headed hydra, nor the military-industrial complex. The last person to confront them was JFK (BTW, ALL immigration was illegal under JFK) and look what happened to him.
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Quote:
Originally posted by G:
John Oliver's take.
oh sh--
aftermath
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President Of The European Parliament: "It Is Not The EU Philosophy That The Crowd Can Decide Its Fate"
http://www.zerohedge.com/news/2016-06-27/president-european-parliament
-it-not-eu-philosophy-crowd-can-decide-its-fate
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I'll tell you what I DON'T like about Trump: I think that he has never confronted either the international banking cartel, nor the CIA-State Dept multi-headed hydra, nor the military-industrial complex. The last person to confront them was JFK (BTW, ALL immigration was illegal under JFK) and look what happened to him.
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Quote:In March 1991, the citizens of nine Soviet states voted in a referendum on whether to hold together the country in a way that devolved power out to the republics. Championed by Mikhail Gorbachev as a way to avoid a potential “disaster for this country, for Europeans, for the entire world,” the referendum passed.
Originally posted by SIGNYM:
President Of The European Parliament: "It Is Not The EU Philosophy That The Crowd Can Decide Its Fate"
The vote triggered a cascade of unexpected consequences, most prominently a coup attempt against Gorbachev that August. And on Dec. 26, 1991 — nine months after the referendum — the Soviet Union ceased to exist.
For Britons, the Soviet collapse may be a lesson in the unintended consequences of referendums.
Not only could the EU come apart, with other member states deciding it is each man for himself, but so too could the UK itself — with Scotland and Northern Ireland perhaps electing to stay with the EU, leaving a shrunken England.
http://qz.com/717786/for-britons-the-soviet-collapse-may-be-a-lesson-i
n-the-unintended-consequences-of-referendums/
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Nigel Farage on Brexit Vote: We Got Our Country Back
http://nation.foxnews.com/2016/06/27/nigel-farage-brexit-vote-we-got-o
ur-country-back
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I think the ordinary Brits had finally had it. And unlike the Greeks, who are too puny to get out of the maw that is the GermanEU, the Brits escaped.
Reading the various links, EVERYTHING that people criticize about the various free-trade agreements like NAFTA, CAFTA, TPP, and TTIP - lack of environmental or worker accountability, lack of ability to enforce national standards and laws, lack of democratic input - was true of the EU. But wait, there's more! It extended to banking, finance, labor - even travel. No wonder the London bankers were agin Brexit! It looks like it cuts London off from its lucrative 'head of European financialism' role, which takes a huge chunk out of its foreign sphere of ... influence is too weak a word ... dominance.
I think I got the gist.
The bansktas and the banskta city of London liked the EU, most everyone else disliked it.
Let me just point out that the author left out vital relevant facts in the opinion piece. Doing that is known as cherry-picking. And whether you do that in the news, in discussion, in debate or in opinion, when you distort the facts, you've changed the nature of your communication into propaganda. But WE don't have any of THAT in the US, do we?!
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