<blockquote><cite>Posted By: ferdinand2000

- The Spanish have told Nicola Sturgeon to take a running jump with her fast track Scotland into the EU proposals. They have a veto.


Exactly. That's the reason I said some posts ago. that Scotland going it alone is most likely a dead duck, and a con by the "Fish Family,- Salmond and Sturgeon".
IMO the Spanish wont want to stoke the Basque Separatist fires, neither will France for the same reason and the whole of the EU for that matter. There are dozens of European small separatist movements, give in to one and you'll open the floodgates, and fan flames throughout the Continent. The EU too won't want to be seen to be complicit in the break up of a Nation State, the UK. I guess therefore they'll tell Sturgeon to quietly go away, despite the outward show of solidarity.
Then there's the small problem of currency, if Scotland is independently in the EU, plus, isn't there a queue to join??
As I said; the sop of the SNP to vote remain and go against the run of opinion polls, was an attempt to get another Independence referendum by stealth, by highlighting differences, and that may have skewed the Scotland figures.

Joiner.

I think that you sum up the frustrations of many people and I am afraid that none of your wishes will come true with your vote and our exit. Free movement is going to happen.....you were told this but presumably chose to not believe it. Fair enough it was a terrible campaign, but surely a little bit of research and digging under the surface of lies would have given you realistic answers. I believe it was your leader Gove that said people had had enough of the views of "experts". Brilliant.

....on the fishing front....we only have about 12000 fishermen...hardly an industry to base such a big decision on. Plus we have only 13 per cent of the EU’s total sea area, but are allocated 30pc of the total quota and our trawlers fish in Irish, German, French and Dutch waters with catches worth about £100m a year. 66 per cent of UK seafood exports go to EU countries and seven out of the top ten countries that Britain exports to are in the EU. We get the second biggest quota in Europe. Try getting that back once we are out.

Its the big boats that have stifled the small boats in our fleet and caused the mass exodus that we have seen. This is something our Gov could have solved within the EU but chose not to.

Posted By: adwindrumJoiner.


Its the big boats that have stifled the small boats in our fleet and caused the mass exodus that we have seen. This is something our Gov could have solved within the EU but chose not to.

Was a very good trade in Brown envelopes at the time if my memory serves me well.

Posted By: adwindrumdjh.

Portfolios have gone up due to shares rising due massive input from Bank of England trying to stem the panic. Hold onto your hat.

Link please

Oh, and nmy shares aren't all UK by any means.

Posted By: adwindrumI think that you sum up the frustrations of many people and I am afraid that none of your wishes will come true with your vote and our exit. Free movement is going to happen

+1

No one has mentioned boosted exports from weaker pound

Posted By: adwindrumdjh.

Portfolios have gone up due to shares rising due massive input from Bank of England trying to stem the panic. Hold onto your hat.

What massive intervention by the Bank of England?

A £250bn fund is available to the Banks if needed, but that would have nothing to do with direct intervention in the money or stock markets - 1991 taught us that lesson.

And the only reports I can see are that only £3.1bn has been accessed, which doesn't even qualify as "peanuts".

http://www.walesonline.co.uk/business/business-news/banks-draw-down-31bn-bank-11536689

To me, that "massive intervention" claim is in conspiracy theory territory. No they haven't. And even if they did intervene, that is not how they would do it. Sorry.

My view is that the rapid changes were mainly because traders who had believed the Remain storyline had built up large positions which had to be unwound. Now, a slightly different New Normal is asserting itself and life goes on.

Ferdinand

Posted By: adwindrumThe market is based on confidence is it not?

Confidence in future trading and profitability, as well as general growth in the markets.
It is rally confidence in projections, rather than confidence in predictions.
Has the FTSE250 fully recovered yet?

I just had a look at the FTSE data for the last few days.
If you had money invested and decided to do nothing, you would have lost 5% of your value. If you were really unlucky and traded at the wrong times, you would have lost 13.6% on the way down, if you were really smart and bought at the bottom, it would have risen by 9.1%.

But if you had decided to do the same with the Euro, so bought on the 23/6/2016 and sold yesterday, you would have gained 9%,

I cannot comment on how much the exchange rate would make to the FTSE 250 as it is predominantly UK based.

It's hard to see housing prices dropping, given the shortage of homes. These people my live to regret their actions.

The Times Monday July 4th..

http://www.thetimes.co.uk/article/brexit-threatens-billions-of-super-cheap-eu-loans-g2nfs3rlv

Brexit threatens billions of super-cheap EU loans from the EIB..

Threatened projects include:

450MW Neart Ha Gaoithe offshore wind farm
£300m Peabody Affordable Housing Project in London
£400m Anglian Water sewage and drinking water project
£78m Swansea University Library and Research facilities

Can we stop looking at day to day movements on the markets, it's not instructive in any way.

When an explosion of change (as always, of revolutionary potential) has just been detonated, ostrich-like focus on tiny technicalities seems unworthy of a supposedly forward-looking forum like GBF.

Usury is the worst possible form, amongst alternative lending models.

Every penny that's in circulation has only been written into paper-existence when and if someone agrees to pay interest on it. That makes money perpetually scarce because its creation and quantity is disconnected from the real value of the stuff and services that exists in the world.

Before c1400 Europe, money was simply Promisory Notes (without thought of religion-banned Interest per se) - freely issued as tokens of exchange whenever real-value goods and services were made available - barter but not needing to be 1-to-1. In late medieval England, prosperity, nutrition, health, and wealth independent of the Nobility, boomed. It took the Kings and Nobility 150yrs to realise what was happening, when they taxed the markets, outlawed informal currency, and imposed the modern central interest-bearing currency. While they recovered their control and priviledge, the rest sunk into poverty, malnutrition, ill health (culminating in the Black Death) and were returned to serfdom in the new form of wage-slavery - hire-and-fire labour stripped of its tools-of-trade. Even Karl Marx supported this.

Consequently, today, the world is sunk in vast ever-increasing debt that can never ever be repaid ('national debt' is just a tiny corner of it). The interest that has to be paid forever absolutely necessitates Growth - without Growth the whole money-system confidence trick collapses (can't wait!).

Rapacious capitalism isn't the problem - it's just the inevitable result of this particular, iniquitous money system that we're too mesmerised to even question.

Edit - continued in http://www.greenbuildingforum.co.uk/newforum/comments.php?DiscussionID=14380&page=1#Item_2