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 Post subject: Re: The Financial Crash
PostPosted: Tue Jul 05, 2016 11:34 pm 
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there are grim times ahead, unless those MP's with the bottle to hang around, get a deal to beat all deals.

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 Post subject: Re: The Financial Crash
PostPosted: Tue Jul 05, 2016 11:37 pm 
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PJPoolie wrote:
I've just read that the FTSE 250 has lost £31.6 BILLION since the day before the vote.

Nick Leeson tweeted "I got six and a half years for 862 million what will Farrage, Johnson and Gove get!"

Oh and the pound hit a 31 year low against the dollar today.


Don't worry PJ, we got our country back. Whatever the fuck that means.

Here's an interesting observation. One of the main reasons for voting leave was to reassert parliamentary sovereignty. Yet the idea that a sovereign parliament may ignore a non-legally binding (it has to be non-legally binding if we have a sovereign parliament) referendum seems to be an anathema to the same people. Now that's irony!

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 10:49 am 
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The Fat Man wrote:

Don't worry PJ, we got our country back. Whatever the fuck that means.


Its obvious innit? We got our country back, cant you feel it?

The freedom, the release of national pride, Politcal harmony, and all pulling together.

Feel it man, feel it.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 12:30 pm 
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The Fat Man wrote:
[
Here's an interesting observation. One of the main reasons for voting leave was to reassert parliamentary sovereignty. Yet the idea that a sovereign parliament may ignore a non-legally binding (it has to be non-legally binding if we have a sovereign parliament) referendum seems to be an anathema to the same people. Now that's irony!


A hilarious and astute point. Parliament rules and we get to stay in the EU. Everyone's happy.


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 12:40 pm 
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I dont think most of the leave voters will ever understand this.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 1:08 pm 
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The Colonel wrote:
I dont think most of the leave voters will ever understand this.


Well, I'll stay polite and say I simply don't understand their point about this.
OK, the EU has implemented some shit laws, but they don't even come close to the shit laws the Tories have imposed ....about benefits, unions, taxation etc etc etc.

Before you opt out of something, you need to make sure the alternative is better.


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 1:12 pm 
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Aye, but now we have got rid of the polish, the scotch, Rue mainians, the nig nogs, the packies, those brandishing those Muslamic ray guns, and the weltch, we have got our country back, so the toareys will be able to look after us.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 1:15 pm 
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Has anyone answered where our country went? I'm glad we have it back now though.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 1:16 pm 
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Joe Mac wrote:
Has anyone answered where our country went? I'm glad we have it back now though.

Nope, where did it go like?


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 2:01 pm 
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I heard it got lost in Jackson's Landing


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 4:36 pm 
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I saw a huge tug called Ariston towing it in the direction of nowhere in particular at a steady speed.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 6:40 pm 
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Quoting the FTSE main index is very misleading as a lot of those companies are a) not UK companies and b) more importantly trade in dollars. Given the pound tanking against the $, this inflates their worth. As pointed out up-thread, the FTSE 250 is comprised of UK companies trading in Sterling, and that is troubled to say the least. And the very stern language used by Carney yesterday, and 2 multinational investment trusts specialising in property suspending activity etc etc.

But hey - we've put the great back in Britain.

No joking, these aren't market adjustments, these are seriously troubling economic times coming. Personal debt has risen over the past 5 years, companies are actively looking to relocate to within the EU, this isnt scaremongering its actually happening. And as "it'll all be fine, we'll get trade deals" - what will we actually have gained? We'll have to pay to access the single market, we wont get a rebate, we'll have no veto and in order to trade with the single market we will have to abide by EU law, like Norway does.

Its fucking mental.

Edit - Fuck me 3 more property funds have suspended UK trading today.


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 6:59 pm 
The coming 12 months could be dodgy for me and my workmates....we work for ZF TRW which is a German company!!!! confised


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 9:59 pm 
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Absolutely spot on.

Its utter unnecessary madness all of this.

And for what?

Oh yer, we have our country back.

Someone in power needs to grow a pair and quickly.

We dont have to leave the EU.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 10:04 pm 
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You can't put a price on sovereignty.

I'm interested to hear who has been affected by the Brexit vote so far and how.

I'm not saying people won't be, I'm just interested who has already been affected.


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 10:06 pm 
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We all will be soon enough.

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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 10:09 pm 
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The Colonel wrote:
We all will be soon enough.

I don't see how I will be.

I expected my pension fund to get hammered. It's gone up over 6% since 23 June!


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 Post subject: Re: The Financial Crash
PostPosted: Wed Jul 06, 2016 10:42 pm 
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My guess would be that a large portion of your pension pot is in $ assets. Pound tanks against the dollar and your assets are worth more.


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 6:23 am 
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My guess is that when the tories get a new leader they will secretly plot to ensure this stupidity will be put an end, and that article 50 will never be triggered.

A deal will be put in place and eventually it will be business as usual.

Thats all on the assumption that someone in government has the common sense, and the sense of the greater good, to see the bigger picture, and be a true leader.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 9:50 am 
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The Colonel wrote:
My guess is that when the tories get a new leader they will secretly plot to ensure this stupidity will be put an end, and that article 50 will never be triggered.


They're all saying otherwise.


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 10:10 am 
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Yep, they are. Which makes me think the opposite will happen.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 12:44 pm 
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Harry Hart wrote:
You can't put a price on sovereignty.

I'm interested to hear who has been affected by the Brexit vote so far and how.

I'm not saying people won't be, I'm just interested who has already been affected.


I can't be bothered to answer the sovereignty question all over again. Whatever is said, and much has been by various posters, you've ignored. Perhaps read it all again? Sovereignty means bugger-all if the 'sovereign' is making the wrong decisions most of the time.

As to the other thing, I take it you're not an immigrant yourself, or you might not be asking. The press is full of reports about how perfectly legitimate 'foreign' workers here are already living in a climate of apprehension, if not fear. Then there're the many ways WE'll be affected if they all leave.

Besides, most people were expecting to be affected not so much by the Brexit vote as by Brexit itself. That hasn't happened yet. You just haven't twigged the significance of any of this, have you?


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 12:46 pm 
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Mr Irrelevant wrote:
The Colonel wrote:
My guess is that when the tories get a new leader they will secretly plot to ensure this stupidity will be put an end, and that article 50 will never be triggered.


They're all saying otherwise.


No they're not. A few might be. The rest are considering the options.


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 2:25 pm 
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Borrowed it off who? Themselves?


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 2:45 pm 
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The area I work in has, one which unlike others gets more out heavily than we put in, the scientific area. People are shitting themselves especially at Cambridge uni where 90% of funding comes from EU grants. They don't know what's going to happen first for funding second for researchers who come from all over globe. This result could set back our draw for researchers to be here. Yes the private companies eg GSK, Pfizer, AZ will always back this but I see a brain drain to USA or mainly Germany unless China backs up the funding.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 3:09 pm 
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I have to be careful how I write this as it's not something my company would be very happy about. However doing it without naming names, I work for a huge company employing thousands of people in the UK, around 6k people directly and around 40k people indirectly. We have long lead times on our development cycle so whilst production might continue for a number of years it's highly unlikely that any decisions on further production will be made until the exact conditions of Brexit are known.

This means that in all likelihood no further commitments for future production will be made for the next 2 and a bit years. The current movement of the pound vs the euro is a huge problem if it continues in terms of profitability.

I think I've managed to avoid being too specific there. However the point is, there are probably some saying who cares about big businesses profits, what they are missing is that these businesses directly and indirectly employ thousands of people who earn, pay tax, buy things etc not to mention the corporation tax. Being in the UK meant access to the single market in stable conditions. There is no doubt if Brexit goes through and/or the pound continues as it is investment will stop and UK operations scaled down. That's a reality


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 3:23 pm 
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Same here. In the short term there isnt expected to be a downturn in the construction industry.

But, and heres the rub, the reason there is confidence of the above, is that overseas investors have commited capital for the next 2 years, on projects already at design stage.

Most of which are in London.

Some sectors wont suffer. Health and Education being two.

There is inward investment that cant be avoided here.

That said, we are also the main contractor working with Cambridge University, and we turn over around £100m per annum there. If the investment there is in trouble, then they wont need new buildings, and that will adversely affect our Eastern region.

Its all very scary. Especially as we employ 10,000 people nationally, and we spend around £2billion will sub-contractors.

Not a nice time.

But hey, we have got our country back.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 3:33 pm 
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The Colonel wrote:
Same here. In the short term there isnt expected to be a downturn in the construction industry.

But, and heres the rub, the reason there is confidence of the above, is that overseas investors have commited capital for the next 2 years, on projects already at design stage.

Most of which are in London.

Some sectors wont suffer. Health and Education being two.

There is inward investment that cant be avoided here.

That said, we are also the main contractor working with Cambridge University, and we turn over around £100m per annum there. If the investment there is in trouble, then they wont need new buildings, and that will adversely affect our Eastern region.

Its all very scary. Especially as we employ 10,000 people nationally, and we spend around £2billion will sub-contractors.

Not a nice time.

But hey, we have got our country back.


Judging by your posts Colonel you seem to be a very frightened man intent on getting as many people as you can to join you in that fear


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 3:57 pm 
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Dany Krap wrote:
The Colonel wrote:
Same here. In the short term there isnt expected to be a downturn in the construction industry.

But, and heres the rub, the reason there is confidence of the above, is that overseas investors have commited capital for the next 2 years, on projects already at design stage.

Most of which are in London.

Some sectors wont suffer. Health and Education being two.

There is inward investment that cant be avoided here.

That said, we are also the main contractor working with Cambridge University, and we turn over around £100m per annum there. If the investment there is in trouble, then they wont need new buildings, and that will adversely affect our Eastern region.

Its all very scary. Especially as we employ 10,000 people nationally, and we spend around £2billion will sub-contractors.

Not a nice time.

But hey, we have got our country back.


Judging by your posts Colonel you seem to be a very frightened man intent on getting as many people as you can to join you in that fear


A frightened man? :laugh:

Thats a new one. I can add that to the list.

But if you dont sense the trouble ahead, I suggest you are a deluded man.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 4:01 pm 
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Chip Fireball wrote:
Health is affected though given the huge numbers of immigrants working for the NHS.

There are 4 A and E departments in the North East earmarked for closure, in large part due to a shortage of qualified staff to to run them. The NHS is now massively dependant on staff from overseas, which is why irrespective of what politicians say, they wont ever cut immigration numbers. The majority of that latest 330,000 immigration figure isn't even from the EU FFS.

Those are people we don't have to let in, we choose to let in. That cant change.

If only we had a politician with the balls to stand up to the racists, doleites, and pensioners voting Leave and say that. Its not like any of that mob are going to fill those NHS vacancies anyway is it ?


I should have clarified.

There is always going to be a need for hospitals, and more bed spaces. So there will always be money spent in that sector.

It wont be in Hartlepool though, as our hospital has aleady been deemed unnecessary.

In London though, they look after the people a lot more, and will not go without essential services. So the inward investment is there.

I was referring generally though to construction, not the NHS.

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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 5:35 pm 
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Chip Fireball wrote:
If only we had a politician with the balls to stand up to the racists, doleites, and pensioners voting Leave and say that. Its not like any of that mob are going to fill those NHS vacancies anyway is it ?


How do they differentiate between the racists, doleites and pensioners who voted Leave and the degree-educated, high earning internationalists who voted Leave?


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 7:30 pm 
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Harry Hart wrote:
Chip Fireball wrote:
If only we had a politician with the balls to stand up to the racists, doleites, and pensioners voting Leave and say that. Its not like any of that mob are going to fill those NHS vacancies anyway is it ?


How do they differentiate between the racists, doleites and pensioners who voted Leave and the degree-educated, high earning internationalists who voted Leave?


We don't need to go to the trouble of differentiating groups or classes within Leave voters.
Control of decision-making over any group of people should be determined by who can make the decisions which can best benefit the greatest number of those people. For us in the UK, that might in theory be the EU, or it might be the British parliament, but the facts need to be looked at to determine which.

It would be rational, if the EU had made a series of terrible decisions and the Brit Govt a series of excellent decisions in terms of people-benefits, to decide to want to leave the EU behind. But that's not what Sovereign-Staters are saying. They're saying that whatever the facts, they want to be 'ruled by parliament' and not anyone outside parliament. On that basis, they are wrong-headed.

Laws should benefit the greatest number of the people they affect, whoever passes those laws.


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 Post subject: Re: The Financial Crash
PostPosted: Thu Jul 07, 2016 8:16 pm 
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Just replying to the cornel post. I can see no slowing on buildings in Cambridge in near future tbh. AZ on addenbrookes are a third through their massive build and uni have just signed off on new medicine building next to CRUK there. Contractors will be fine here for next 5 years it's following that and people to fill it. I know that the lab of molecular biology (the place with more Nobel lauriets per head in history) who are already feeling squeeze for over spending on their new building are already renting out lab space and really worried about it all

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 12:10 pm 
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grabec wrote:
[

Control of decision-making over any group of people should be determined by who can make the decisions which can best benefit the greatest number of those people. For us in the UK, that might in theory be the EU, or it might be the British parliament, but the facts need to be looked at to determine which.

It would be rational, if the EU had made a series of terrible decisions and the Brit Govt a series of excellent decisions in terms of people-benefits, to decide to want to leave the EU behind. But that's not what Sovereign-Staters are saying. They're saying that whatever the facts, they want to be 'ruled by parliament' and not anyone outside parliament. On that basis, they are wrong-headed.

Laws should benefit the greatest number of the people they affect, whoever passes those laws.



I think I'm entitled to a reply to this, Harry Hart.
Do you or do you not think that the value of laws passed depends on their effectiveness and not on where and by whom they are passed?


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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 12:15 pm 
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We have got our country back, will be his only response.

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 12:22 pm 
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I wish I wish I were young enough to move to a more civilised country.


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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 12:33 pm 
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me too.

I hope my kids have the same thoughts soonish too.

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 3:20 pm 
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grabec wrote:
I wish I wish I were young enough to move to a more civilised country.


I did and now 52% of Britons say I'm out of order.

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 3:43 pm 
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No man, most of them, 99.3467% just wanted sovereignty.

Did you not read the memo?

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 4:33 pm 
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On another board I frequent there's reports of a bloke driving around Leeds city centre screaming Go Home at anyone not looking pure bred Anglo Saxon.
A) An obvious Muppet, but now feels OK to behave like this
B) Difficult to discern the difference between yourr average Yorkshire type and a Latvian
C) Many, most?, Leeds Asian's will be 1st,2nd,3rd generation. So he really just asking them to go to Dewsbury or wherever
D) Total c.u.n.t
E) And yeah I know, Leeds


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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 4:42 pm 
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http://4.bp.blogspot.com/-gb-5-xtlq6s/T ... iorjpg.jpg will these chaps be all right

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 5:13 pm 
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No they've got long hair and no tattoo's definitely lefties

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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 5:14 pm 
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Montpoolier wrote:
grabec wrote:
I wish I wish I were young enough to move to a more civilised country.


I did and now 52% of Britons say I'm out of order.


You are clearly not in a civilised country, you are in one that has no control over it's borders (you are clear example of this you dirty foreigner) and one that hasn't got its country back. I almost feel sorry for it.

Who wants the World to evolve and become a smaller place, we need to go back decades, the leave campaign told me it might even slow down global warming in the long run.


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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 6:55 pm 
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grabec wrote:
I wish I wish I were young enough to move to a more civilised country.

Would you not consider Scotland? Best of both worlds for you, no?


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 Post subject: Re: The Financial Crash
PostPosted: Fri Jul 08, 2016 7:02 pm 
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grabec wrote:
Harry Hart wrote:
Chip Fireball wrote:
If only we had a politician with the balls to stand up to the racists, doleites, and pensioners voting Leave and say that. Its not like any of that mob are going to fill those NHS vacancies anyway is it ?


How do they differentiate between the racists, doleites and pensioners who voted Leave and the degree-educated, high earning internationalists who voted Leave?


We don't need to go to the trouble of differentiating groups or classes within Leave voters.
Control of decision-making over any group of people should be determined by who can make the decisions which can best benefit the greatest number of those people. For us in the UK, that might in theory be the EU, or it might be the British parliament, but the facts need to be looked at to determine which.

It would be rational, if the EU had made a series of terrible decisions and the Brit Govt a series of excellent decisions in terms of people-benefits, to decide to want to leave the EU behind. But that's not what Sovereign-Staters are saying. They're saying that whatever the facts, they want to be 'ruled by parliament' and not anyone outside parliament. On that basis, they are wrong-headed.

Laws should benefit the greatest number of the people they affect, whoever passes those laws.

The electorate will have different views on how they best benefit. I assume it goes without saying that a benefit doesn't necessarily mean a financial benefit.

Is this not covered by party manifestos?


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 Post subject: Re: The Financial Crash
PostPosted: Sat Jul 09, 2016 9:38 am 
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Harry Hart wrote:
[


The electorate will have different views on how they best benefit. I assume it goes without saying that a benefit doesn't necessarily mean a financial benefit.

Is this not covered by party manifestos?


That isn't an answer to the question I asked.
I'll make the point again, slightly differently. Did you consider, when you cast your vote for the 'sovereign-state', whether the British Government or the EU had the better record for passing laws which benefited the greatest number of people?

But, of course not. Deciding, in advance of any evidence, that you were going to vote for a sovereign state, can only mean that no such question crossed your mind.


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