Lurked101
"The fact that none of you ever acknowledge anything that might counter any of your views as being correct is frightening and all of your post brexit theories are the stuff of dreams and based in complete fantasy. "
And you are right and we are wrong, is that it? And you don't accept that perhaps things may not go the way you suggest. Some middle ground perhaps.
What I find equally frightening is you can’t see EU for what it really represents. All this talk about free trade and this and the EU won’t do this if we don’t do that masks the real agenda, an EU superstate.
The counties of the world have been trading for hundreds of years. It didn't need some self-serving regime like the EU to tell them how to do it.
I hope for the day when the EU implodes, hopefully accelerated by the UK voting out, coupled with the out of control migrant crisis, mass violation of women in Cologne, Shengen counties putting up fences, and then all of Europe can get back to business as usual, rid itself of mountains of red tape and unnecessary EU rules that we all lived well without pre EU and form a free trade zone among themselves with no political union, no central bank and no common currency.
Greece is an example of what happens when you try to glue together 28 nations with 28 different currencies, 28 different economic cycles and 28 different interest rates and try fix the exchange rate and interest rate the same for all. Chaos. If Greece had the Drachma, she would have ended up with a weaker currency and then all of the rest of Europe would have flocked there for cheap holidays, Greek exports would have become cheaper and money would have flowed in. That hasn't happened because Greece has the Euro and their country is faced with an overpriced currency. Instead, to "help out" Greece, the ECB has lent them some Euro. What will happen when the Greeks can't pay? They’ll get lent some more, piling on the interest. The end game is either the Greeks default and they exit the EU or the ECB takes Greek assets/infrastructure in lieu of repayment of the loans. Some Union huh?
If anyone doubts what can happen if a country does not have a free floating currency, I suggest you read about the ERM. This was a basket of currencies. The individual currencies that made up the basket could not fluctuate more than a few percent away from the value of the basket. This was a sort of mock Euro.
Anyone old enough to member what happened when the UK was a member of the ERM will know what happens when a country tries to manipulate its currency to match the value of others.
Here's a link for anyone that wants to see the effect of trying to keep your currency at an artificial level that is out of kilter for your economic needs. This stunt cost the UK tax payer an estimated £3.3 billion (and that was in 1992).
en.wikipedia.org/wiki/Black_Wednesday
Had we been in the Euro, like the Greeks, we would be suck with a currency that was too highly valued for our trading needs and we’d have ended up in serious difficulty. Since then, the pound has been as high as 1.75 and as low as 1.02 to the Euro. That is a huge variance and a natural cycle. Can you imagine if we could not have adjusted our exchange rate against the Euro over the last 20 years – think Greece!
The only way to make the EU work is to create a superstate so all the originally individual countries become one big country - with one Government, one supreme court, one army, one flag, one central bank, one currency and one interest rate ... does anyone see any of these hallmarks of total union appearing on the horizon? A far cry from the Common Market that was sold to us 40 years ago. I suppose the one advantage will be that the EUSSR will be a free trade zone for sure - because there will no longer be any borders.
Think we won't get sucked into further political union if we remain; it’s baked into the cake.
And the chances of getting another referendum in 40 years’ time to vote out - well my guess is that there won't be a UK left. And even if the EU graciously allow us to keep our old UK brand for our designated area of the EUSSR superstate, I can't see them giving us a vote to leave. It would be as plausible as Devon getting a vote to leave the UK.
I'm sticking to my mantra.
Trade with the EU .. Yes.
Ruled by the EU ... No.
End of.
I'm out.