Brexit is an idiotic mistake - calendar week 8 summary

It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.

Yep, what people don't realise is that in the future, food that you buy from the supermarket will get smaller and cost more because of Brexit. This is already happening as well

Generally happens to every economy because of fiat currency. By this I mean inflation. As banks continue to print more money the value money goes down which in turn means the value of goods goes up. Remember Germany's inflation? They printed off tons of money to try and pay off debts but ended up ****ing up more. Instead buy silver and gold. They only go up in value.

Yep, what people don't realise is that in the future, food that you buy from the supermarket will get smaller and cost more because of Brexit. This is already happening as well

It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.

Good?
Most food is imported.

So far my mortgage interest has been cut and dividends boosted.

Whats not to like?

It really troubles me that people still seem supportive of Brexit, considering how badly everything seems to be going with it so far.

Simply not true. The economy is holding up much better than expected, exports are up, as are share prices. What's more we are breaking free of the bureaucracy of the EU. The EU is a giant corrupt boys club. We are one of a few countries that contribute more than we get back. Ask yourself, would you consciously join anything knowing that your return is less than your contribution? What's more, it's people of our age that will suffer the most. Hundreds of thousands of EU foreigners dragging down wages and taking our jobs. Yes, the employers love it because they no longer have to train anyone.

The fact is that the nation voted OUT, so let's be positive and make it work. If we had voted to remain, do you honestly think we would have thousands of whinging Brexiteers moaning that we voted IN, I think not

Pretty much everything else?

What?
Do you think that it is good we have to pay more money for less food?

Simply not true. The economy is holding up much better than expected, exports are up, as are share prices. What's more we are breaking free of the bureaucracy of the EU. The EU is a giant corrupt boys club. We are one of a few countries that contribute more than we get back. Ask yourself, would you consciously join anything knowing that your return is less than your contribution? What's more, it's people of our age that will suffer the most. Hundreds of thousands of EU foreigners dragging down wages and taking our jobs. Yes, the employers love it because they no longer have to train anyone.

The fact is that the nation voted OUT, so let's be positive and make it work. If we had voted to remain, do you honestly think we would have thousands of whinging Brexiteers moaning that we voted IN, I think not

Like what?

Brexit has made my work more interesting and lose the Tories their majority.

What's not to like?

Well I've not seen it hit me. Lunch was a fish pie, mostly salmon for 30p.

If the UK is importing food inflation it'll result in boosting UK food production which seems good to me.

The vote to leave is not going to please everyone. Farmers, bankers, big businesses to name a few groups.

Smaller business and possibly all their employees if their jobs go.

Manufacturing will likely increase if the pound finds a lower level,

Maybe, but remember most of the raw materials with which one manufactures are imported, a weaker pound makes raw materials more expensive. And if we have tariffs to pay over next few years we will need to be pretty competitive re both price and superior quality to make inroads into foreign markets, even with a weaker pound. Also how does your higher wages point fit in, if we are selling like products into say India we have to be massively more productive to compensate for their lower labour costs and if high end goods there is still a limited demand for these in poorer countries-they just cannot afford large quantities at our prices.

food prices may go up

They have and will likely continue, our food from Europe is in exchange terms already circa 13% more expensive, this is currently a major contributor to our current inflation rate

but wages might as well. .

Well, unless productivity increases that makes inflation an even bigger threat, couple it with interest rate rises life if going to get tough for those with a mortgage/borrowings.



When I see the scare mongering about the pound falling etc it makes me laugh. The shift is large if you are stock broker with millions of pound of sterling on the FX market but for us normal people it means you might get 5 Euro less when you change up £100. What you should do is check how much the currency sellers are selling for vs the actual price(that's the con).

There is no free lunch with devaluation, it impacts everything we buy from abroad, white goods, electronics, transport costs, everything.

Right now markets are a little in limbo, world growth has suppressed some downsides, if that breaks as exit terms/deals are not forthcoming life could get difficult. On the plus side we are not say Greece, with our own currency we have some room to mitigate , however by late 2018 or earlier we will start to see the real shape of Brexit-make or break year.

The catch is the more developed countries which can afford mass purchasing of our goods are say USA and EU, if we have no deal with EU and limited treaties with USA where, for first 5-10 years, are we selling to?