Chit Chat
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How will the worlds number 1 financial capitol work when the UK leave the EU,they will have serious problems and the answer will be to move to europe,if this happens the UK will go into meltdown and be set back 200 years,it looks vey bleak judging by the sounds that are coming out ,sort of "we wont talk about the elephant in the room"but we will talk about the little kitten called" border"
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Replies: 46
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Snowflakes will go into meltdown, everybody else will carry on.
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In a word, NO.
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Financial Building turned into Social Housing Mosques will replace Others ,Diversity will prevail .
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I thought parts of east london had already melted down
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bring it on
maybe, just maybe, all those middle class bubble dwellers will finally get a taste of unemployment or low paid work and be forced to live really really close up to their favourite protected species lets see how their virtue-signalling holds up then |
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ok,the elephant in the room,that nobody talks about,i said London is the financial capital of the world,a bit like man city in the premier league,but has anyone noticed that toyko,
nasdaq and usa stock exchanges have gone ahead of canary wharf in stock exchange markets since the vote to leave,and if man city became an arsenal sort of team the fans at city would be calling for peps head,yet the people of the uk are not calling for the head of government,i can not understand why the people of the UK can see the slide happening (in other words they see the elephant) yet it is hidden under the carpet ,"dont mention the elephant sort of thing ".I dont understand why the uk are already sliding and nobody is saying anything,its not that the british people can not see the slide or that they dont know about it,i just cant understand why the british people are allowing it all happen and they are not out on the streets protesting to protect their future.in 4 years time the people in government will have moved off to live in the south of france or somewhere like it and the people of the UK will be left to pick up the pieces of a smashed economy in famine like conditions ,yet nobody says a word,not a single word,or perhaps i am getting reading brexit wrong and there is no elephant in the room.But nobody is even talking about a big big chance that one of these days an elephant will walk into the room and then they will not talk about it until the elephant starts to smash up the room.Is there nobody brave enough to stand up and say"shut that door before an elephant walks into the room" |
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there are much bigger elephants (more like blue whales) being swept under the carpet
thats what led to Brexit in the first place  |
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dare i say it but when the TITANIC was sinking the people who knew it was sinking did not bother to tell the passengers .UK people should speak out about brexit,talk about it in pubs and clubs up and down the country and not be offended if they voted for or against ,because nobody knew what the were voting for or against.
it is a serious serious matter that will hinder everyone who lives in the UK (and the republic of ireland) and result in catastrophic consequences for everybody concerned . and this could be the best ever tip ever posted on this gambling forum,but the problem is ,its your future life that is the stake and not a bet to take a chance . my view is to stop the elephant before it reaches the house because the people who are talking about the elephant are doing nothing except waffling their way to retirement and then collect their fat pensions while the UK people say"we will talk about the elephant when it arrives "instead of shutting the front door,NOW. |
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Platini just illustrates the sort of "**** you London" vote that delivered Brexit - all now rowing back from the internal damage it will cause the UK.
Tragedy. Like a hungry rat eating its own leg. |
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all now rowing back from the internal damage it will cause the UK ?
Explain more....... |
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Provincials voted to address a perceived advantage to London; explicitly addressed by the PM outside No10. before she took office: "Brexit was a vote for the left-behind people."
The trouble with investing in "left behind" people is, they are failing for a reason, they are slower, lazier, studiper. |
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They are none of the above. That is a typical remainer attitude. You didn't like the result so you call us stupid. We won, mate! Get over it. If you think were wrong, that's fine. It is your opinion. But don't call us stupid. That's just lazy. I have economics qualifications and my considered opinion was that on balance we are better off out. I respect your opinion, but were not stupid. It's comments like that that made people only more determined to get us out of that crumbling economic mess they call Europe. Future's coming, sunshine. I'm going to embrace it. Don't be bitter.
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You did not answer the question.
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Both the politicians and the people related to the financial industry are powerful enough to survive(or prevent from happening) anything that doesn't suit them in terms of Brexit. In fact, I am pretty sure they already know what will happen. It is a useless exercise for the people to ponder over what will happen and if it will, what the consequences will be.
No matter what happens, politicians and bankers(plus other financials) will be the winners. London will still be london. |
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Let's hope the City survives because the tax paid there subsidises most of the rest of the country.
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As I see unitedbiscuits is on this thread i'd like him to tell me if it was he who reported one of my posts last summer which resulted in my getting an eight month ban.
Regarding the City yes there will be some defections to France/Germany however they will not materially affect London continuing to be the main European financial centre.....if for no other reason that English is the main language....also of course London has the financial infrastructure in place which would take years and years to replicate in another city. |
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the city doesn't generate wealth, they live of the wealth generated by the rest of the country
That essentially is the nature of all banking, banking merely responds to the wealth that is there, that is the nature of these great talents, they are easily replaced |
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Anything that can be done in London now, can be done in other cities of course
And after brexit anything that can be done in Frankfurt or wherever else in the world, can be done in London The difference will be is that any profits generated by london will be for Britain alone, and not squandered between 27 other countries |
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There is also the added benefit that what is done in London will be subject to what is best for Britain, not what is best for Germany or France or any of the other 27
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A servant cannot follow two masters, never mind 27
and the London bankers must be our servants, not masters |
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No man can serve two masters
for either he will hate the one and love the other or else he will hold to the one and despise the other you cannot serve God and mammon These wise words from 2000 years ago speak to us as to the dangers we face from people like the Remainers, listen to these timely words from a wise and good man |
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who is going to pay the european grants that go to northern ireland every week,do you want an extra 20% tax taken out of you weekly wage just to keep northern ireland on board.
and there is also another 10% tax that will come out of your wages to replace the european grants that go to scotland,So wales and england (employment area's) will carry northern ireland and scotland."yes a can see that happening,what am i saying it must happen"and i am talking millions. |
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You realise its our own money coming back in these grants, from which a large proportion is skimmed?
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flash,you should post that on the side of a bus,the maths are there if you google them
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An opportunity was missed to reduce the power of the banks recently. When the banks were bailed out, the government could have retained their share in Lloyds & RBS imo. The unique, undeserved privilege of money creation could have been partly taken away. They don't deserve it, after one market manipulation after another. The government could have controlled lending to business (& savings rates) & reduced the ridiculous margins the banks were allowed to enjoy. Instead, they did masses of QE and lined the already well lined pockets of the rich.
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Stow it's not the banks who decide QE it's the Bank of England who both make and implement the decision.
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With the government's authority.
In January 2009. the then Chancellor, Alistair Darling, authorised the Bank of England to create a new fund called the Asset Purchase Facility (APF) and authorised the Bank’s Monetary Policy Committee to use it for purchases of government debt (gilts) and corporate debt. The conditions associated with the use of the APF, particularly the total amount that can be purchased with it, are set by the Chancellor after a request by the Bank’s Governor. For example, the upper limit of QE rose from £150 billion originally to £375 billion in July 2012, followed by a further increase in August 2016 (see below). The Chancellor must sanction these changes as the government compensates the Bank and the APF should any financial losses occur from the APF’s holdings of financial assets. |
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well growth relies upon population increase...so with the country not growing at the same rate there will be a recession.
we can not compete wages wise with the up and coming countries so production costs are a big problem. we have to try to compete with the tech market but thats a level above us.. financials is all we really do....and brexit will harm that. i predict a harsher recession than what most of the eu got post subprime. serious social unrest. but imo london wont get it so bad....only the rich will take a hit in london. the places other than main cities will be hurt badly. |
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growth with population increase is meaningless because people become poorer not wealthier,
apart from the rich as more and more money is concentrated in fewer hands so that has to be controlled and that means stopping free movement of people Britain can compete in the tech market, of course America is obviously the market leader but Britain is building a home grown tech market, there are 40,000 or so digital tech firms in London alone and are more successful than the European countries whose economies are not suited to the modern world in a way the tech market can follow along the same lines as the financials, many can makeuse of the US giants infrastructure to sell products so it is possible that Britain can still be as creative as in the past, but the fundamentals that are wrong now, ie mass immigration, must be addressed |
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Growth relys on population increase ,absolute bollux , growth relys upon productivity,creativity and having a product that is required.
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what he doesn't understand is that growth is not the same thing as increased prosperity
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It's not difficult to understand that any percentage growth in a population requires the same percentage growth in productivity to ensure overall living standards remain the same.
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growth relies upon both true.
but if you reduce it......go have a think. then there is the wages issue. if you simply raise wages you become less competitive. if you have a tariff imposed into some areas who you normally do business with yet your competitors dont have increased costs you become less competitive. this spells problems. productivity is very important but the problem we have here is costs are very high compared to some of our competitors. the usa are complaining because china can produce and send good long distances and still under cut them lol now thats how capitalism works. the only country who have managed to stay ahead of the game is....germany. produce quality and stay competitive in price. we are nothing like them though they will be muscling i on some of our financials post brexit. 40000 tech firms in london lfc? you been drinking |
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Germany has not stayed ahead of the game, they are producing more and selling more and making less and less profit and becoming poorer
That sort of economy cannot be sustained |
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you don't simply raise wages, wages in a free economy are like everything else subject to supply..of people
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btw the fundamentals which are wrong isnt immigration.
the problem is governments since way back used the housing bubble to build the economy without expanding infrastructure. house prices shot up...so business costs go up. this is passed onto costs which makes us less competitive. so when governments let in rich russians and chinese to invest in property.........and then people moan about immigration yet say those rich ones add to our economy...your having a ******* laugh. on the poorer immigrants....what would have happened post subprime if our workforce had to go abroad to look for work? our economy would have collapsed. |
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dave digital technology accounts for about 4% of all jobs in London
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exactly.
but your argument falling living standards. which has been caused by other things. obviously subprime being the main culprit.. |
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outside London places like Cambridge are increasingly attracting new tech start ups
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