Member Info for john46

£1Bn extra over 1 yr is ~2.2% . Looks like they're raising subs at EU inflation rate . I can't imagine they'll demand smaller contributions when stagflation kicks in

"How on earth did he know that prior to the referendum result in 2016,before any negotiations had commenced?"

Because this figure is bound to be index linked

You seem to overlook the fact BBC stated on Wednesday night , "the Brexit Party are going to win landslide " , disincentivising Millions of Brexit voters , knowing they had it in the bag . That was biased propaganda by BBC and it had the desired effect of stopping Nigel getting 40% of the overall vote .

Boris has nothing to worry about , he's the only one who can unite our nation behind a Hard Brexit .

“There will be a soft landing for the global economy, that’s the core view that all of our portfolios are positioned for right now,” Lawrence said. “We think there’s sufficient policy stimulus with the Fed’s shift, the People’s Bank of China clearly in stimulative mode.”

https://www.bloomberg.com/news/articles/2019-05-28/dollar-reign-nears-end-as-trump-to-cut-trade-deal-fund-says

"defending anything it's against fiction being used to trash my country. "

Country belongs to all its folk . Bit of a Patrician statement above

Your Raab has told us he wants to reduce Corporation tax to 12.5% . An Independent Scotland would need it higher , with 59% of population reliant on the State for work and benefits

Thank you for link !

Corruption in EU is endemic . When I go to Majorca and speak to neighbours they give me the lowdown on local Politics . One of the biggest scams on the Islands is getting EU subsidies for nurturing Merano sheep . They all go slaughter annually , yet EU subsidises them as an endangered breed . EU doesn't go round counting no. Of sheep , just hands out Euros . All the locals know about this scam but none complain cause it brings monies into local Economy , subsidised by British taxpayers .

The sooner we're away from this Mafiosi Organisation the better !!

Defition of profit ,

"Reward for risk "

"Whitehall is obsessed by EU regulations governing state subsidies, albeit that these are stipulations regularly ignored on the Continent.

It should not have been beyond the wit of a more engaged government to knit together a consortium of interested parties, including big steel users such as rail and defence companies, the employees and bankers, to have kept Scunthorpe afloat without turning to ruthless financiers.

The idea being floated that the Chinese might be the answer is wrong both on economic security grounds and because of Beijing's conflict of interest as a cut-price steel producer.

"What is required is more engaged government. The Industrial Strategy sets a target of 2.4 per cent of national output to be spent by government supporting R&D.

A freshened Tory administration should drive this goal with the same enthusiasm and (some might say misplaced) dedication as David Cameron put behind foreign aid."

https://www.dailymail.co.uk/money/comment/article-7068215/ALEX-BRUMMER-Mays-time-office-shows-little-control-politicians-economic-destiny.html

Good morning ,

"Yes, but if there is deflation gold will be a store of value. So who is at greater danger USA or China?"

Logic would dictate China with their higher debt burden of 250% of GDP . Certainly a topic of debate

Try and find one of Liz Truss . We're all trying to spot patterns . As a connoisseur yourself you will appreciate the correlation between cup size and PE .

Gold appreciates with Inflation , Lloy depreciates by our Inflation rate . It was you who reminded mankind Lloy was 82.5 p 5 yrs ago .

"Ah that Dragi. Stage coach why would there be a flight of currency into the greenback. There is s astrong movement towards the renminbi at present."

Chinese debt to GDP @ 250% in a one party state . US debt to GDP @100% in a Democracy . There are some snake oil salesmen out there that folk should be wary off .

China , Iran , Saudi , Russia etc , all dumping Treasuries . FED will prop up Dollar till confidence in our Financial system collapses . All are hoarding Gold at phenomenal rates . Try and figure why ?

"Conservative Barber gets an honour, Prime Minister Theresa May gets triggered at. No honour or dignity amongst Errol. Best I could do John but it's how I feel. Vote for Nigel a one man band but now a battalion n an army. March on with pride. Cologne my son. change this attitude."

Silent majority tend to win eventually bud

Mario is a salesman , Italian , fine suits . The EU is so beaurocratic these days that their separate departments don't communicate with each other . He is tasked with providing the illusion of banking soundness . Their benchmark is done against an equity ratio of 8% . Only 10yrs after crash when asset prices dropped 20% , they've cooked figures to ensure all pass .

https://www.cnbc.com/2018/11/02/european-stress-test-2018-results-revealed.html

Mario is different to his Italian peers , presently he looks like he's on 40 a day , as our Wids would remind us , Marios next Bazooka is right up his backside . ECB base @0% , all that remains is fiscal stimulus with ever diminishing returns . German car manufacturers are going to have to invest ever more of their profits on British TV advertisements , for smaller returns . Free market forces at their best !

'Unfortunately the Dancing Queen has met her Waterloo,' snickered Conservative backbencher Mark Francois after her resignation.

Mrs May may have had her faults and has certainly made her mistakes but my goodness, she is worth more than all of them put together.

Ironically, she looked better and seemed more energetic yesterday than she has done for a while.

Splashed by the flattering sunshine of a London summer morning, she wore a neatly tailored coral jacket and seemed almost optimistic.

Initially there was nothing funereal about her words or appearance; no gloom, no doom, none of her usual disappointed headmistress admonishments. She was lightly powdered and neatly groomed, every inch the vicar's virtuous daughter.
Poor Theresa. Despite all the good, she is going to be remembered as a PM who developed a knack of doing exactly the wrong thing at the right time; for losing her majority in the House of Commons; for presiding over a government that was anything but strong and stable and for failing to deliver Brexit. She must take some blame, yes, but not everything was her fault.

Her last frustration, perhaps the bitterest one of all, is that despite her fathomless, implacable resolution over these last few years, she will now also be remembered as a prime minister who cried in Downing Street when the hinge finally snapped.

What finally made her dissolve? Well, a woman and her tears. Such a very personal thing.

Who knows what goes on in the dark chambers of anyone's heart, but I don't think for a second that Mrs May was crying because she felt sorry for herself.

More likely they were tears of frustration and self-recrimination about the awful political impasse that her best efforts could not overcome.

Plus the sudden, ghastly dawning that all that beating against the tide, all that negotiating and talking and deal producing and compromising had been utterly in vain.

Everything came to nothing, and that is a sad legacy for any politician to contemplate. It is also a crying shame."

https://www.dailymail.co.uk/news/article-7068621/JAN-MOIR-valiant-voice-faltered-did-Mrs-weakness.html

Can anyone improve on this summary ?

It was Commerz bank . Two hobblers resulting in wheelchair union . Hard to believe German banks still have liquidity issues and we are willing to make concessions in Brexit negotiations . We are negotiating from a position of strength , our Financial system is sound .

Hard Brexit is our default position . They'd be foolish not to loosen compromise when their banking system has major liquidity issues .

Thank you !

Deutsche Bank bud

At some stage this year DB will go down to €3 , where are our nearest competitors meant to park their cash , knowing it's safe and redeemable . If they had any sense they'd transfer monies over to London now whilst FX ~€1.11 . Political stability shall return to our shores sometime this yr , following Brexit . That's when political instability will rock EU causing FX to move to ~€1.3 .

It's now a question of patience !!