Reply to post: Re: Growing Sense of bereavement..

Osborne on Leave limbo: Travel and trade stay unchanged

DavCrav

Re: Growing Sense of bereavement..

"The pound has dropped. A little. Three months ago it was $1.43, now it's $1.37. "

$1.32 actually. Do try to keep up, you can't use data from a few days ago, this is an economic crash. It's at a 35-year low, and still falling.

If you think this is a little spot of bother, what type of economic catastrophe would you need to see to change your mind? Think about that, and if you say something absurd, like 12m unemployed and everyone eating turnips, your decisions are based on ideology rather than reasoning. If you come up with something reasonable, like pound down 20-30 cents, FTSE loses 10%, growth down by 2% on what it was supposed to be, then that's exactly what we have. And here's the point: this is initial reaction, and we haven't actually left yet. This is just reaction to the thought of leaving, not the real damage, which is that Article 50 is designed to massively fuck us over. There will be no informal negotiations, and invoking it leads us down a path where we have no negotiation power at all. We will take the rogering and like it time.

The reason that nobody planned for this is that there is no good way out. It's like someone deciding to chop off your leg, and then giving you some time to come up with a plan to deal with it. There is no way to make it work, that's why lots of people told you not to vote for it. You know, every single former PM, every University VC, 90-95% of scientists, 90-95% of economists, a dozen Nobel prize winners, all major political parties, and so on. Who told you that it'll be all OK? Boris de Pfeffel Johnson (Eton, Oxford to study classics, fired from the Times for lying about Europe, main reason for Leave: become PM), Michael Gove (Oxford to study English, ex-Times correspondent, main reason for Leave: who knows, ego maybe?) and Nigel Farage (no higher qualifications, ex trader, possessor of stupid facial expressions, main reason for Leave: vanity).

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon