Red Rackham wrote:The €urozone is in recession, the UK is not.
Being in the EU was never a good idea for the UK.
"Eurozone" contains countries like Bulgaria, Romania, etcetera. It's a good thing you are now treating the UK like a Romania because the UK can no longer be associated with France or Germany who are several decades ahead the UK in infrastructure and industrial capacity & output and who have less than half the UK's total debt(both private and public) which stands at around 500% of GDP. Or any G7, G8 country for that matter actually.
The UK is a country in total and utter decline in all manners, economically, culturally, spiritually. It's a dead horse. It's willful isolation from Europe is merely a symptom of this decline. The crazies have taken over the asylum and there is no way out as you demonstrate.
I'm really curious though, if Brussels was such a tyrranical bureacratic monster, then why is Brussels incapable of imposing its will on Macron, Meloni or Merkel and could only "impose its will to the UK" according to Farage and the ERG's narrative?
Either Farage and the Tories were weak and pathetic people who were being "controlled" or the whole thing has been a total lie from the get go or most likely both. After all, every single government in Europe blames Brussels for all their own personal failings as it is a convenient distraction and scapegoat that never complains about it.
Why would Erdogan whose economy is the same size as the UK's(GDP PPP) and growing would want to become a "puppet of Brussels" and consequently become subject to the European courts even for matters like democracy when Erdogan has built his own personal political chiflik in Turkey?
As for "recession", the UK has been in recession and no creative accounting to make for 0.1% "growth" is fooling anybody. Inflation is still running at over 10% with interest rates already being 5.25% with more hikes on the way. 400-500% of GDP total debt(private and public), budget deficit of around 9%, higher bond yields than Greece, 3.93% for Greek bonds, 4.34% for British ones.
Car production UK 2016(1.7 million)
Car production UK 2022(750k)
London Stock Exchange lost around 2 trillion in value and is exponentially increasing every day amidst a massive exodus of companies for Amsterdam, New York and Paris(currently the top Stock Exchange in Europe surpassing London for the first time in history)
https://www.telegraph.co.uk/business/20 ... ty-exodus/The UK's last hoorah was in 2008, when Britain, Germany, Netherlands, the US and others collaborated to blame the "Pigs" and thus turn themselves into temporary "safe havens", so they picked their victims, who became their saviours.
Media Coverage of the 2010 Greek Debt Crisis: Inaccuracies and Evidence of Manipulation wrote:The study by Sonja Juko [4](September 2010) includes findings like the following: "A closer look at the development of media reporting during the months of the crisis reveals that the dynamic of media reporting (measured as the sum of total press reports by German, UK und US press using ‗Greece‘ and ‗public finance‘ as key words) matches strongly with the dynamic of the loss in trust in Greece‘s creditworthiness measured by the credit spreads. The faster rise in the risk premium for Greek bonds that started in December 2009 coincided with a much higher reporting frequency. The same applies to the development in the weeks and months that followed this initial a scent of the Greek yield spread. The surge in the risk premium during April and May 2010 was accompanied by a strong jump in news coverage. During the peak period when the risk premium climbed to its highest level (calendar week 18, 19 and 20) the number of reports stood between 1000 and 1400 per calendar week. … Titles like ―Time bomb for the Eur (Der Spiegel, 7 December 2009), ―Shockwave from Athen (Die Welt, 16 January 2010), ―The next tsunam (Manager magazine, 1 February 2010), ―Prayers on the deathbed‖ (Der Spiegel, 15 March 2010), or ―Looming default. Economists give up on Greece‖ (Spiegel Online, 28 April 2010) are just a few examples for the use of sensational language in press reports during the observation period. The wording used by the media clearly created a psychology of looming collapse. Even if investors did not believe in a Greek default at first, they were much more likely to do so after hearing or reading the news on Greece."
In an article in Israel’s ύlobes (May 2010), Dr. Ehud Kaufman[9] argues: "So what is real in the crisis in Greece, and what is blown out of proportion by interested parties? Ο … If you want to fan the flames of a financial cr isis, manipulation of media coverage is the main means. Media coverage of the debt crisis in Greece not only inflated and accelerated the process; it became a central part of it. The coverage swallowed up the crisis, and the basic facts were almost forgotten."
3 Proposed reasons
Although there is no doubt about the structural weaknesses of the Greek economy and the dire state of Greek finances in 2009, media reaction (according to aforementioned studies) seems to have exaggerated their effects. Among others, both Greek and Spanish Prime Ministers at the time had suggested that the debt crises in certain Eurozone countries were politically as well as financially motivated (being at the time desirable, as long as they did not infect larger economies).[11][12][13][14][15][16][17][18][19][20] A proposed logic is connected with the dire state of the finances of major economies after the 2008- 2009 crisis. The United Kingdom faced a budget deficit of 11.4% of GDP in 2009,[8]major bank failures, a total (private and public) debt of over 500% of GDP in 2011 [21] and, reportedly, huge "hidden debts".[22][23][24][25][26][27][28][29] The United States had a budget deficit exceeding 10% of GDP in 2009,[30] a public debt that exceeded 100% of GDP after 2011 and, also, a reported major "hidden debt" problem.[31][32][33][34] Japan has maintained for years budget deficits near 10% of GDP, with its public debt exceeding 230% of GDP in 2012 (most of it owed internally)[35] In October 2012, the IMF Chief, Christine Lagarde, spoke of “Wartime debt levels for developed economies”[36] As the Greek borrowing rates - as well as these of other small, weak Eurozone economies like Ireland, Portugal and Cyprus - increased leading to debt crises in these countries (and kept rising), those of the U.S., U.K. and Japan, in addition to those of healthier economies, like the Eurozone "core" countries, followed the opposite trend: they fell drastically, as these countries were perceived as "safe havens" in a crisis environment. Indeed, the 10-year bond yields of several countries fell to record lows, including those of the U.S. (1.4% in July 2012),[37] the U.K. ( 1.4% in July 2012),[38]
The UK is no longer part of this group of privileged countries as the case of Liz Truss proved beyond any doubt. The markets took the UK bonds to third-world country levels and Britain for the first time last September had to sack its PM or face bankruptcy. Sovereignty much out of the EU.
EN EL ED EM ON
...take your common sense with you, and leave your prejudices behind...
Not to be bound by the legalities he himself signed?
- By ingliz
- By Skynet