The pound is dropping, the pound has lost 6 cents in the last few hours

[frigidweirdo]

View from Wales: town showered with EU cash votes to leave EU

What has the EU ever done for us?

Well, apart from the 350 million pound EU regeneration project in an area that lost its industry?

"“Well, I know … they built all this,” he says, and motions his head at the impressive facilities that are all around us. “But we put in more money than we get out, don’t we?”"

They were definitely harking back to this. History repeats itself over and over and we're doomed to make the same mistakes over and over.

When you refer to "we", whom are you referring to?

You mean you North American's? Or whom?

Everyone.
Every single group of people in the world.

Humans always see history repeat itself, maybe the Germans mess something up, and then the Brits repeat the same mistake, without learning from those around them. Maybe a group make a mistake and then the same group make it again.

 

[frigidweirdo]

Working classs IS working people. You are just repeating a bullsh#t sound bite.

No it's not, 21.4.

Engineers and doctors are not "working class."

If they have a job then yes they are.

What we have here is a misunderstanding of the Class System, I'm articulating from the European Class System, America doesn't have what we refer to as a Class System.

America puts the Class of a person on how much they earn, eg. if they're a Doctor.

Whereas in Europa you can't EARN your way into a Higher Class, regardless of what your profession is, you're BORN into the Class System.

Eg. If your Ancestors were Working Class, then even if you're a Doctor, you're still Working Class, though you earn more than the general Working Class professions.

Also if your Ancestors were Upper Class, but you're a brick-layer, even though you're a brick-layer, you're STILL Upper Class.

Well Toro is an idiot. Needless to say we have an idiot class.

We have one who ONLY seems to care about the filthy lucre and then we have another who seems obsessed with posting pro-EU Propaganda in about something like 20 different threads, neither are European.

So no European even is going to give a crap what either think or comment, as what happens on OUR Continent is nothing to do with either of them, none of their business, some people should stop sticking their snouts into things that have nothing to do with them.

Are you referring to me?

 

[frigidweirdo]

What will be left of the UK (England and Wales) will return to what it was before it joined the EU.

"Prior to Britain’s joining of the EU in 1973, it was widely regarded to be the “sick man of Europe”, with its annual growth in prosperity lagging behind other major European powers, such as France, Germany, and Italy in the G7 list of leading economies. However, within 43 years, after its joining of the European Economic Community, it had risen from the bottom of the list to the top."

London May Become Independent City-State in Wake of Brexit

Well, it's changed a lot since then, however for many this just tapes over the problems, they blamed the EU for the problems, even though most were UK problems caused by bad governance in westminster or Holyrood, or Cardiff, or Stormont.

Even for your standards American Missy, you're working overtime tonight with the Propaganda in what three simultaneous threads....so how much are they paying you since Friday?

I mean you are a paid Propagandist, you're not even subtle about it, you're wasting your time darling, you're only preaching to the choir.

American missy?

Which country am I from?
What gender am I?

I don't remember telling you, or anyone else on this forum, either of those.

Propaganda? You mean you don't agree with me? You could, you know, DEBATE, instead you choose a little attack.

 

[Lucy Hamilton]

No it's not, 21.4.

Engineers and doctors are not "working class."

If they have a job then yes they are.

What we have here is a misunderstanding of the Class System, I'm articulating from the European Class System, America doesn't have what we refer to as a Class System.

America puts the Class of a person on how much they earn, eg. if they're a Doctor.

Whereas in Europa you can't EARN your way into a Higher Class, regardless of what your profession is, you're BORN into the Class System.

Eg. If your Ancestors were Working Class, then even if you're a Doctor, you're still Working Class, though you earn more than the general Working Class professions.

Also if your Ancestors were Upper Class, but you're a brick-layer, even though you're a brick-layer, you're STILL Upper Class.

Well Toro is an idiot. Needless to say we have an idiot class.

We have one who ONLY seems to care about the filthy lucre and then we have another who seems obsessed with posting pro-EU Propaganda in about something like 20 different threads, neither are European.

So no European even is going to give a crap what either think or comment, as what happens on OUR Continent is nothing to do with either of them, none of their business, some people should stop sticking their snouts into things that have nothing to do with them.

Are you referring to me?

Yes, just like my fellow Europeans here have also referred to you.

 

[Lucy Hamilton]

What will be left of the UK (England and Wales) will return to what it was before it joined the EU.

"Prior to Britain’s joining of the EU in 1973, it was widely regarded to be the “sick man of Europe”, with its annual growth in prosperity lagging behind other major European powers, such as France, Germany, and Italy in the G7 list of leading economies. However, within 43 years, after its joining of the European Economic Community, it had risen from the bottom of the list to the top."

London May Become Independent City-State in Wake of Brexit

Well, it's changed a lot since then, however for many this just tapes over the problems, they blamed the EU for the problems, even though most were UK problems caused by bad governance in westminster or Holyrood, or Cardiff, or Stormont.

Even for your standards American Missy, you're working overtime tonight with the Propaganda in what three simultaneous threads....so how much are they paying you since Friday?

I mean you are a paid Propagandist, you're not even subtle about it, you're wasting your time darling, you're only preaching to the choir.

American missy?

Which country am I from?
What gender am I?

I don't remember telling you, or anyone else on this forum, either of those.

Propaganda? You mean you don't agree with me? You could, you know, DEBATE, instead you choose a little attack.

Why won't you say if you're American or European or whatever?

Asking the above question isn't attacking you, Drummond has repeatedly asked you the same question and you reacted in the same way.

Answer the question, American or European, if not, then why should anyone pay ANY attention to the stuff that you post about?

WE are PROUD to say we're Europeans....so come on, what's your problem?

You're posting pro-EU stuff nearly 10 hours a day EVERY day, so there's an Agenda there.

 

[DarkFury]

Farage can't promise EU money will go to NHS Video

Farage backtracking on one of his promise.

"Nigel Farage has said he can't promise that the money the UK currently spends on the EU will go to the NHS."

Isn't this typical. Now the vote has been won, start renegading on promises.

Well, he couldn't have promised it anyway, his party has no need any more, he'll rejoin the Tories, I guess if Boris gets in as PM Farage can be official bed warmer for the PM or something, but still.....

So Weirdo, are you posting from Europe? You do come across ass one of those Globalist Europe freaks.

 

[Lucy Hamilton]

Farage can't promise EU money will go to NHS Video

Farage backtracking on one of his promise.

"Nigel Farage has said he can't promise that the money the UK currently spends on the EU will go to the NHS."

Isn't this typical. Now the vote has been won, start renegading on promises.

Well, he couldn't have promised it anyway, his party has no need any more, he'll rejoin the Tories, I guess if Boris gets in as PM Farage can be official bed warmer for the PM or something, but still.....

So Weirdo, are you posting from Europe? You do come across ass one of those Globalist Europe freaks.

I think it's a reasonable question to ask and so do others who've also repeatedly asked the same question.

We're also far more organised than the pro-EU Globalist Multiculturalist Traitors that are within OUR GATES, we've got many, many Aces hidden up our sleeves.

OUR GATES, those gates have NEVER belonged to the filth and never are going to belong to them. Period.

Edited to add comment.

 

[Flopper]

401K money is generally speaking, long term money.

In 10 years will what happens over the next few days or weeks matter?

if you think so, adjust your asset mix to match your risk tolerance.

Meanwhile, keep adding more $$$$$ every month!

Not if you're retiring within 5 years, I'm not sure how much of this is absorbed or how much wealth ultimately is lost. We shall find out, I suppose the market has plenty of time to recover in the next decade, just about when the U.K. will actually be free of the E.U.

If you are retiring in 5 years, you should not have more than 30-40% in equities.

Retirement isn't always panned and not always a choice, 30-40% of savings is huge, something many can't recover from.

If the UK falls into a recession, that has a direct effect on the global economy, if say Northern iIreland and Scotland tell the UK to go F itself and decide to stay in the union and if France and Germany then also decide to leave, I could see the potential for a good sized global recession.A lot of uncertainty keeps money in peoples' pockets.

We'll see what happens,

30-40% is not a large allocation to equities- it is extremely conservative.

Bear markets are common and expected. A black swan event that creates a 50% drop in stock prices only draws a 35/65 portfolio down by 17.5% - if that is too "risky" then you should adjust your allocation to 20% or lower.

I'm saying to take a large hit on 30-40% is big. We'll see what happens in the coming days, weeks and months but I wouldn't just automatically assume the markets will balance themselves out in the short term.

The PM isn't actually stepping down till October. It will be up to the new PM to invoke article 50. At that time Britain will have 2 years to form agreements with member EU states and negotiate it's exit from the EU as well as develop trade treaties to replace those lost by it's exit from the EU. That's going to be a tall order, one that many experts believe is not possible. Now with the possibility of the separation of Scotland and/or Ireland from Great Britain, the future is even more cloudy.

Here is just one of the many problems businesses face. Most of the worlds leading financial service companies have their European headquarters in London. A major advantage of London is being in one of the worlds major financial centers with a single market of over 500 million customers in the 26 country EU. Without membership in the EU, these companies will face dealing with yet undefined rules and regulations of 26 countries, which may mean an exit of a significant part of London's financial community. This would directly effect up to 250,000 workers and resulting in major financial losses for the area and this is just one of many business sectors. I believe it will be years before the business community has a clear picture of what Britain will look like after Brexit.

 

[Moonglow]

If you have a 401k, get ready for a kick in the balls.

I put all my money on card board futures...

 

[Toro]

£ is trading down nearly 3 cents.

It will likely trade through $1.30 and probably to $1.25.

 

[Moonglow]

Every time Britain has tried free trade it kicks them in the financial nutz...

 

[frigidweirdo]

If they have a job then yes they are.

What we have here is a misunderstanding of the Class System, I'm articulating from the European Class System, America doesn't have what we refer to as a Class System.

America puts the Class of a person on how much they earn, eg. if they're a Doctor.

Whereas in Europa you can't EARN your way into a Higher Class, regardless of what your profession is, you're BORN into the Class System.

Eg. If your Ancestors were Working Class, then even if you're a Doctor, you're still Working Class, though you earn more than the general Working Class professions.

Also if your Ancestors were Upper Class, but you're a brick-layer, even though you're a brick-layer, you're STILL Upper Class.

Well Toro is an idiot. Needless to say we have an idiot class.

We have one who ONLY seems to care about the filthy lucre and then we have another who seems obsessed with posting pro-EU Propaganda in about something like 20 different threads, neither are European.

So no European even is going to give a crap what either think or comment, as what happens on OUR Continent is nothing to do with either of them, none of their business, some people should stop sticking their snouts into things that have nothing to do with them.

Are you referring to me?

Yes, just like my fellow Europeans here have also referred to you.

You can call it propaganda all you like, to be honest I'm getting rather tired of your nonsense.

 

[frigidweirdo]

What will be left of the UK (England and Wales) will return to what it was before it joined the EU.

"Prior to Britain’s joining of the EU in 1973, it was widely regarded to be the “sick man of Europe”, with its annual growth in prosperity lagging behind other major European powers, such as France, Germany, and Italy in the G7 list of leading economies. However, within 43 years, after its joining of the European Economic Community, it had risen from the bottom of the list to the top."

London May Become Independent City-State in Wake of Brexit

Well, it's changed a lot since then, however for many this just tapes over the problems, they blamed the EU for the problems, even though most were UK problems caused by bad governance in westminster or Holyrood, or Cardiff, or Stormont.

Even for your standards American Missy, you're working overtime tonight with the Propaganda in what three simultaneous threads....so how much are they paying you since Friday?

I mean you are a paid Propagandist, you're not even subtle about it, you're wasting your time darling, you're only preaching to the choir.

American missy?

Which country am I from?
What gender am I?

I don't remember telling you, or anyone else on this forum, either of those.

Propaganda? You mean you don't agree with me? You could, you know, DEBATE, instead you choose a little attack.

Why won't you say if you're American or European or whatever?

Asking the above question isn't attacking you, Drummond has repeatedly asked you the same question and you reacted in the same way.

Answer the question, American or European, if not, then why should anyone pay ANY attention to the stuff that you post about?

WE are PROUD to say we're Europeans....so come on, what's your problem?

You're posting pro-EU stuff nearly 10 hours a day EVERY day, so there's an Agenda there.

Why? Because there are too many people on forums like this who take any piece of personal information and then attack you with it. I don't feed them fuel for their attacks.

Why should anyone pay any attention to anything anyone says? Because they choose to. So, if you choose not to talk to me because I won't give you information you DEMAND from me, then so be it. Anyone who makes such a choice is never going to be a big loss. Those who value what someone says more than who says it, are the people I prefer to talk to.

 

[Lucy Hamilton]

What we have here is a misunderstanding of the Class System, I'm articulating from the European Class System, America doesn't have what we refer to as a Class System.

America puts the Class of a person on how much they earn, eg. if they're a Doctor.

Whereas in Europa you can't EARN your way into a Higher Class, regardless of what your profession is, you're BORN into the Class System.

Eg. If your Ancestors were Working Class, then even if you're a Doctor, you're still Working Class, though you earn more than the general Working Class professions.

Also if your Ancestors were Upper Class, but you're a brick-layer, even though you're a brick-layer, you're STILL Upper Class.

Well Toro is an idiot. Needless to say we have an idiot class.

We have one who ONLY seems to care about the filthy lucre and then we have another who seems obsessed with posting pro-EU Propaganda in about something like 20 different threads, neither are European.

So no European even is going to give a crap what either think or comment, as what happens on OUR Continent is nothing to do with either of them, none of their business, some people should stop sticking their snouts into things that have nothing to do with them.

Are you referring to me?

Yes, just like my fellow Europeans here have also referred to you.

You can call it propaganda all you like, to be honest I'm getting rather tired of your nonsense.

And we're getting tired of your nonsense, are you American or European?

 

[Lucy Hamilton]

What will be left of the UK (England and Wales) will return to what it was before it joined the EU.

"Prior to Britain’s joining of the EU in 1973, it was widely regarded to be the “sick man of Europe”, with its annual growth in prosperity lagging behind other major European powers, such as France, Germany, and Italy in the G7 list of leading economies. However, within 43 years, after its joining of the European Economic Community, it had risen from the bottom of the list to the top."

London May Become Independent City-State in Wake of Brexit

Well, it's changed a lot since then, however for many this just tapes over the problems, they blamed the EU for the problems, even though most were UK problems caused by bad governance in westminster or Holyrood, or Cardiff, or Stormont.

Even for your standards American Missy, you're working overtime tonight with the Propaganda in what three simultaneous threads....so how much are they paying you since Friday?

I mean you are a paid Propagandist, you're not even subtle about it, you're wasting your time darling, you're only preaching to the choir.

American missy?

Which country am I from?
What gender am I?

I don't remember telling you, or anyone else on this forum, either of those.

Propaganda? You mean you don't agree with me? You could, you know, DEBATE, instead you choose a little attack.

Why won't you say if you're American or European or whatever?

Asking the above question isn't attacking you, Drummond has repeatedly asked you the same question and you reacted in the same way.

Answer the question, American or European, if not, then why should anyone pay ANY attention to the stuff that you post about?

WE are PROUD to say we're Europeans....so come on, what's your problem?

You're posting pro-EU stuff nearly 10 hours a day EVERY day, so there's an Agenda there.

Why? Because there are too many people on forums like this who take any piece of personal information and then attack you with it. I don't feed them fuel for their attacks.

Why should anyone pay any attention to anything anyone says? Because they choose to. So, if you choose not to talk to me because I won't give you information you DEMAND from me, then so be it. Anyone who makes such a choice is never going to be a big loss. Those who value what someone says more than who says it, are the people I prefer to talk to.

Are you American or European?

That isn't too much personal information to give, WHY would anyone attack someone who says if they're American or European?

 

[DarkFury]

Not if you're retiring within 5 years, I'm not sure how much of this is absorbed or how much wealth ultimately is lost. We shall find out, I suppose the market has plenty of time to recover in the next decade, just about when the U.K. will actually be free of the E.U.

If you are retiring in 5 years, you should not have more than 30-40% in equities.

Retirement isn't always panned and not always a choice, 30-40% of savings is huge, something many can't recover from.

If the UK falls into a recession, that has a direct effect on the global economy, if say Northern iIreland and Scotland tell the UK to go F itself and decide to stay in the union and if France and Germany then also decide to leave, I could see the potential for a good sized global recession.A lot of uncertainty keeps money in peoples' pockets.

We'll see what happens,

30-40% is not a large allocation to equities- it is extremely conservative.

Bear markets are common and expected. A black swan event that creates a 50% drop in stock prices only draws a 35/65 portfolio down by 17.5% - if that is too "risky" then you should adjust your allocation to 20% or lower.

I'm saying to take a large hit on 30-40% is big. We'll see what happens in the coming days, weeks and months but I wouldn't just automatically assume the markets will balance themselves out in the short term.

The PM isn't actually stepping down till October. It will up to the new PM responsiblity to invoke article 50. At that time Britain will have 2 years to form agreements with member EU states and negotiate it's exit from the EU as well develop trade treaties to replace those lost by it's exit from the EU. That's going to be a tall order, one that many experts believe is not possible. Now with the possibility of the separation of Scotland and/or Ireland from Great Britain, the future is even more cloudy.

Here is just one of the many problems businesses face. Most of the worlds leading financial service companies have their European headquarters in London. A major advantage of London is being in one of the worlds major financial centers with a single market of over 500 million customers in the 26 country EU. Without membership in the EU, these companies will face dealing with yet undefined rules and regulations of 26 countries, which may mean an exit of a significant part of London's financial community. This would directly effect up to 250,000 workers and resulting in major financial losses for the area and this is just one of many business sectors. I believe it will be years before the business community has a clear picture of what Britain will look like after Brexit.

I wrote this as an OP but it fits as a comment as well.

There Will Be Two EU's
That is what you are going to see in the near future and there are two reasons and one possible result.

1, Economics, the current EU has some real fiscal problems. Some countries such as Norway have gone to the effort and extent to protect their economies while others like Greece have wasted their money. Thus the economics of a lone EU are being tore apart by wasteful spending liberals.

2, Religion, the importation of islamic savages is splitting the EU by faith no different then when Ireland was split by faith and just as deadly.

Possible result, civil war based on economics and religion with the British taking the NON islamic controlled path and England taking the PRO islamic path. with an islamic mayor in London leadership for both groups is in place. Just like both sides had leadership in place for our own civil war so its more than possible, it's likely the future.

And our future is their present as we have islamic leadership {Obama} trying to replace its self with an islamic operative {Clinton}. We KNOW islamic terrorists are being "pocketed" around our country and we HAVE seen islamic operatives kill in this country many times.

The globalists WANT globalized civil war and are putting the people in place for it.

 

[Toro]

€ could hit par.

 

[Toro]

And our future is their present as we have islamic leadership {Obama} trying to replace its self with an islamic operative {Clinton}. We KNOW islamic terrorists are being "pocketed" around our country and we HAVE seen islamic operatives kill in this country many times.

The globalists WANT globalized civil war and are putting the people in place for it.

You're an idiot.

 

[Lucy Hamilton]

Not if you're retiring within 5 years, I'm not sure how much of this is absorbed or how much wealth ultimately is lost. We shall find out, I suppose the market has plenty of time to recover in the next decade, just about when the U.K. will actually be free of the E.U.

If you are retiring in 5 years, you should not have more than 30-40% in equities.

Retirement isn't always panned and not always a choice, 30-40% of savings is huge, something many can't recover from.

If the UK falls into a recession, that has a direct effect on the global economy, if say Northern iIreland and Scotland tell the UK to go F itself and decide to stay in the union and if France and Germany then also decide to leave, I could see the potential for a good sized global recession.A lot of uncertainty keeps money in peoples' pockets.

We'll see what happens,

30-40% is not a large allocation to equities- it is extremely conservative.

Bear markets are common and expected. A black swan event that creates a 50% drop in stock prices only draws a 35/65 portfolio down by 17.5% - if that is too "risky" then you should adjust your allocation to 20% or lower.

I'm saying to take a large hit on 30-40% is big. We'll see what happens in the coming days, weeks and months but I wouldn't just automatically assume the markets will balance themselves out in the short term.

The PM isn't actually stepping down till October. It will up to the new PM responsiblity to invoke article 50. At that time Britain will have 2 years to form agreements with member EU states and negotiate it's exit from the EU as well develop trade treaties to replace those lost by it's exit from the EU. That's going to be a tall order, one that many experts believe is not possible. Now with the possibility of the separation of Scotland and/or Ireland from Great Britain, the future is even more cloudy.

Here is just one of the many problems businesses face. Most of the worlds leading financial service companies have their European headquarters in London. A major advantage of London is being in one of the worlds major financial centers with a single market of over 500 million customers in the 26 country EU. Without membership in the EU, these companies will face dealing with yet undefined rules and regulations of 26 countries, which may mean an exit of a significant part of London's financial community. This would directly effect up to 250,000 workers and resulting in major financial losses for the area and this is just one of many business sectors. I believe it will be years before the business community has a clear picture of what Britain will look like after Brexit.

David Cameron making the comments he did and then saying he's not stepping down until October, that was ill-advised, that's contributed to much confusion across the whole of our Continent.

I mean, WTF, either he needs to invoke Article 50 now or step down now.

 

[DarkFury]

What will be left of the UK (England and Wales) will return to what it was before it joined the EU.

"Prior to Britain’s joining of the EU in 1973, it was widely regarded to be the “sick man of Europe”, with its annual growth in prosperity lagging behind other major European powers, such as France, Germany, and Italy in the G7 list of leading economies. However, within 43 years, after its joining of the European Economic Community, it had risen from the bottom of the list to the top."

London May Become Independent City-State in Wake of Brexit

Well, it's changed a lot since then, however for many this just tapes over the problems, they blamed the EU for the problems, even though most were UK problems caused by bad governance in westminster or Holyrood, or Cardiff, or Stormont.

Even for your standards American Missy, you're working overtime tonight with the Propaganda in what three simultaneous threads....so how much are they paying you since Friday?

I mean you are a paid Propagandist, you're not even subtle about it, you're wasting your time darling, you're only preaching to the choir.

American missy?

Which country am I from?
What gender am I?

I don't remember telling you, or anyone else on this forum, either of those.

Propaganda? You mean you don't agree with me? You could, you know, DEBATE, instead you choose a little attack.

Why won't you say if you're American or European or whatever?

Asking the above question isn't attacking you, Drummond has repeatedly asked you the same question and you reacted in the same way.

Answer the question, American or European, if not, then why should anyone pay ANY attention to the stuff that you post about?

WE are PROUD to say we're Europeans....so come on, what's your problem?

You're posting pro-EU stuff nearly 10 hours a day EVERY day, so there's an Agenda there.

Why? Because there are too many people on forums like this who take any piece of personal information and then attack you with it. I don't feed them fuel for their attacks.

Why should anyone pay any attention to anything anyone says? Because they choose to. So, if you choose not to talk to me because I won't give you information you DEMAND from me, then so be it. Anyone who makes such a choice is never going to be a big loss. Those who value what someone says more than who says it, are the people I prefer to talk to.

To ask your country from which you post is not very personal. It better defines where you get your news and views.