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So when do I cash in on pounds?
posted in Off Topic
1
#1
0 Frags +

http://i.imgur.com/VxwUgft.png

Brexit's lookin fun

[img]http://i.imgur.com/VxwUgft.png[/img]

Brexit's lookin fun
2
#2
marketplace.tf
22 Frags +

never that shit is fucked

never that shit is fucked
3
#3
2 Frags +

"fak"
pound already dropped 10% this will be interesting.

"fak"
pound already dropped 10% this will be interesting.
4
#4
17 Frags +

http://i.imgur.com/AqFhJmo.png

cmon...pls
fuck
the
queen

[img]http://i.imgur.com/AqFhJmo.png[/img]
cmon...pls
fuck
the
queen
5
#5
35 Frags +

CRASHING THIS ECONOMY

WITH NO SURVIVORS

CRASHING THIS ECONOMY

WITH NO SURVIVORS
6
#6
5 Frags +

The UK was paying the EU ~140 million GBP a week. The .15 $/GBP means that as long as the UK economy was worth more than ~1bn GBP a week staying the EU was a better option for the GDP

The UK was paying the EU ~140 million GBP a week. The .15 $/GBP means that as long as the UK economy was worth more than ~1bn GBP a week staying the EU was a better option for the GDP
7
#7
0 Frags +

You can't sell it, it's dropping big time. UK's economy is not looking great in the long term

You can't sell it, it's dropping big time. UK's economy is not looking great in the long term
8
#8
16 Frags +
supersubYou can't sell it, it's dropping big time. UK's economy is not looking great in the long term

he means buy pounds to resell later dingus

[quote=supersub]You can't sell it, it's dropping big time. UK's economy is not looking great in the long term[/quote]
he means buy pounds to resell later dingus
9
#9
-1 Frags +

Ive actually never seen it drop live but i refreshed google and it went down 2 cents in a couple hours

edit: just went up 1 cent

Ive actually never seen it drop live but i refreshed google and it went down 2 cents in a couple hours

edit: just went up 1 cent
10
#10
0 Frags +

So is the EU fucked?

So is the EU fucked?
11
#11
10 Frags +
ultySo is the EU fucked?

tbh the EU can just point to the UK and say "yeah if you leave that's your economy" and it'll be hard to justify leaving to the working class

the irony in this election is that the refugees managed to ruin the economy because the people who said they would ruin the economy gained control

[quote=ulty]So is the EU fucked?[/quote]
tbh the EU can just point to the UK and say "yeah if you leave that's your economy" and it'll be hard to justify leaving to the working class

the irony in this election is that the refugees managed to ruin the economy because the people who said they would ruin the economy gained control
12
#12
9 Frags +

another country fucked by Rupert Murdoch

another country fucked by Rupert Murdoch
13
#13
30 Frags +

Maybe you should've voted differently 2 years ago Scotland.

Maybe you should've voted differently 2 years ago Scotland.
14
#14
38 Frags +

they actually did it, the absolute madmen

they actually did it, the absolute madmen
15
#15
0 Frags +
RussianGuyovichMaybe you should've voted differently 2 years ago Scotland.

was that two years ago? wasn't it like last year?

[quote=RussianGuyovich]Maybe you should've voted differently 2 years ago Scotland.[/quote]
was that two years ago? wasn't it like last year?
16
#16
0 Frags +
eeesupersubYou can't sell it, it's dropping big time. UK's economy is not looking great in the long termhe means buy pounds to resell later dingus

The pound going back up to its value before the referendum is a given, apparently

[quote=eee][quote=supersub]You can't sell it, it's dropping big time. UK's economy is not looking great in the long term[/quote]
he means buy pounds to resell later dingus[/quote]

The pound going back up to its value before the referendum is a given, apparently
17
#17
4 Frags +
GunbladeRussianGuyovichMaybe you should've voted differently 2 years ago Scotland.was that two years ago? wasn't it like last year?

2014

[quote=Gunblade][quote=RussianGuyovich]Maybe you should've voted differently 2 years ago Scotland.[/quote]
was that two years ago? wasn't it like last year?[/quote]

2014
18
#18
newbie.tf
6 Frags +
eeeThe UK was paying the EU ~140 million GBP a week. The .15 $/GBP means that as long as the UK economy was worth more than ~1bn GBP a week staying the EU was a better option for the GDP

Yes, but it's not like that money is sent directly into the void. The UK (to my understanding) got about half of what they sent directly back in the form of a rebate. A billion pounds also goes toward international aid, which will end up being paid regardless of EU membership. On top of that, they save shitloads on trade. Because of their membership with the EU, many American companies traded through the UK to the EU. In addition, various private citizens also get paid in subsidies from the EU (~£4.5 billion last year), and various private organizations received about £1.5 billion in total. Add in the harder-to-calculate-cost things in like peace in Europe, having strong allies with Germany/others, and the potential to lose Scotland and Northern Ireland, and you could easily pull together a strong case directly contradicting what you say.

On top of that, a good portion of the money spent by the EU indirectly benefits the UK in a very hard-to-measure way.

There are still fees that go into the EU, and the EU is a bureaucratic nightmare. I'm not pretending to know what I'm talking about on all the issues, but your specific argument isn't necessarily correct.

And to answer the OP question, that largely depends on how the UK handles itself. I'd say buy in a bit tomorrow and see how you do.

[quote=eee]The UK was paying the EU ~140 million GBP a week. The .15 $/GBP means that as long as the UK economy was worth more than ~1bn GBP a week staying the EU was a better option for the GDP[/quote]

Yes, but it's not like that money is sent directly into the void. The UK (to my understanding) got about half of what they sent directly back in the form of a rebate. A billion pounds also goes toward international aid, which will end up being paid regardless of EU membership. On top of that, they save shitloads on trade. Because of their membership with the EU, many American companies traded through the UK to the EU. In addition, various private citizens also get paid in subsidies from the EU (~£4.5 billion last year), and various private organizations received about £1.5 billion in total. Add in the harder-to-calculate-cost things in like peace in Europe, having strong allies with Germany/others, and the potential to lose Scotland and Northern Ireland, and you could easily pull together a strong case directly contradicting what you say.

On top of that, a good portion of the money spent by the EU indirectly benefits the UK in a very hard-to-measure way.

There are still fees that go into the EU, and the EU is a bureaucratic nightmare. I'm not pretending to know what I'm talking about on all the issues, but your specific argument isn't necessarily correct.

And to answer the OP question, that largely depends on how the UK handles itself. I'd say buy in a bit tomorrow and see how you do.
19
#19
2 Frags +

Nah I realize that the fucking of the trade deals just massively devalued the UK

I was just pointing out that the GBP tanking alone has done more damage to their GDP than the -140bn every week

Nah I realize that the fucking of the trade deals just massively devalued the UK

I was just pointing out that the GBP tanking alone has done more damage to their GDP than the -140bn every week
20
#20
-5 Frags +

Its kinda nice in the sense that im going to need to convert some CAD to GBP when I go to the UK in august.

Its kinda nice in the sense that im going to need to convert some CAD to GBP when I go to the UK in august.
21
#21
-13 Frags +

First Trump now this. Racism against immigrants is causing a hell of a lot of instability right now in the world.

First Trump now this. Racism against immigrants is causing a hell of a lot of instability right now in the world.
22
#22
newbie.tf
10 Frags +

ahhhh, i gotcha eee

And I think this will open the eyes of many people on Trump in the US, whymeo. This referendum (which looked like it had no chance of actually going through according to many polls) is proof that the bradely effect is very real.

Hope it makes millennials actually show up in November.

ahhhh, i gotcha eee

And I think this will open the eyes of many people on Trump in the US, whymeo. This referendum (which looked like it had no chance of actually going through according to many polls) is proof that the [url=https://en.wikipedia.org/wiki/Bradley_effect]bradely effect[/url] is very real.

Hope it makes millennials actually show up in November.
23
#23
9 Frags +

I wonder what effect Brexit will have on insomnia lans w.r.t. visas.

I wonder what effect Brexit will have on insomnia lans w.r.t. visas.
24
#24
1 Frags +

Yeah, it just seems like its likely to be a long time before the UK sees any benefit in this. This reddit comment might be a bit overzealous but its painfully clear that the UK has just guaranteed Trillions in spending to renegotiate and secure trade deals that already existed. Even if they had problems with the EU, it seems like all the money spent would've been better used in changing the EU

Show Content
redditShort term damage?

It will take at least two years to negotiate the divorce from the EU.

It will take at least ten years to negotiate a new trading settlement with the EU (that's considered an optimistic estimate by the way as it took Switzerland and Norway even longer to negotiate their own agreements - and also assumes that the EU is playing nice).

In the meantime pretty much every trade agreement that the UK had globally - which were based upon the UK's membership of the EU - will have to be renegotiated.

And contrary to what the Brexiters and Trump seem to convey these kind of negotiations are not just made over a single cup of tea and a cosy chat - but require huge amounts of logistical support from Civil Servants, Lawyers and Economists.

As a result many other countries probably will not even want to waste the time and money in negotiating bi-lateral arrangements until the UK's trading status with Europe is established (which - as mentioned above will take 10 years minimum).

Even if everyone does rush to the UK with open arms to negotiate new deals - the logistical support required to work out the detail on each of these deals would limit the number of new deals to maybe a couple each year - unless the Government is willing to fund a massive expansion in Britain's Civil Service.

The consequences of this decision will put the UK in a trading black hole which it will take at least a generation to recover from.

Short term indeed...
Yeah, it just seems like its likely to be a long time before the UK sees any benefit in this. This reddit comment might be a bit overzealous but its painfully clear that the UK has just guaranteed Trillions in spending to renegotiate and secure trade deals that already existed. Even if they had problems with the EU, it seems like all the money spent would've been better used in changing the EU

[spoiler]
[quote=reddit]Short term damage?

It will take at least two years to negotiate the divorce from the EU.

It will take at least ten years to negotiate a new trading settlement with the EU (that's considered an optimistic estimate by the way as it took Switzerland and Norway even longer to negotiate their own agreements - and also assumes that the EU is playing nice).

In the meantime pretty much every trade agreement that the UK had globally - which were based upon the UK's membership of the EU - will have to be renegotiated.

And contrary to what the Brexiters and Trump seem to convey these kind of negotiations are not just made over a single cup of tea and a cosy chat - but require huge amounts of logistical support from Civil Servants, Lawyers and Economists.

As a result many other countries probably will not even want to waste the time and money in negotiating bi-lateral arrangements until the UK's trading status with Europe is established (which - as mentioned above will take 10 years minimum).

Even if everyone does rush to the UK with open arms to negotiate new deals - the logistical support required to work out the detail on each of these deals would limit the number of new deals to maybe a couple each year - unless the Government is willing to fund a massive expansion in Britain's Civil Service.

The consequences of this decision will put the UK in a trading black hole which it will take at least a generation to recover from.

Short term indeed...
[/quote][/spoiler]
25
#25
newbie.tf
2 Frags +
pissheadI wonder what effect Brexit will have on insomnia lans w.r.t. visas.

This referendum will not take full effect for months/years. I wouldn't worry about this.

[quote=pisshead]I wonder what effect Brexit will have on insomnia lans w.r.t. visas.[/quote]
This referendum will not take full effect for months/years. I wouldn't worry about this.
26
#26
2 Frags +

-

-
27
#27
7 Frags +

Death to international bureaucracy and long live the capitalist movement, baby!

Death to international bureaucracy and long live the capitalist movement, baby!
28
#28
17 Frags +

I'm honestly still shocked, in my area it seemed like 80% of people were pro EU
seemed like a definite EU win, and I'm in a pretty rural area

I'm honestly still shocked, in my area it seemed like 80% of people were pro EU
seemed like a definite EU win, and I'm in a pretty rural area
29
#29
8 Frags +

fueled on the brits historical need to say fuck europe

fueled on the brits historical need to say fuck europe
30
#30
0 Frags +
aroseI'm honestly still shocked, in my area it seemed like 80% of people were pro EU
seemed like a definite EU win, and I'm in a pretty rural area

doesn't matter if people are pro something if not everyone for that thing actually votes though, and the turn out was only 72%.

[quote=arose]I'm honestly still shocked, in my area it seemed like 80% of people were pro EU
seemed like a definite EU win, and I'm in a pretty rural area[/quote]

doesn't matter if people are pro something if not everyone for that thing actually votes though, and the turn out was only 72%.
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