Guided Missile

My comments related to the Irish and its economy, not whether Barclays was prudent, or not. It's obviously a sensible move for Barclays so that they can maintain their "passporting" rights after a no deal exit. It'll do f*** all for the Irish economy, apart from 300 jobs that will be moved from the EU to Dublin. Read about it below:

Paragraph 5 of Article XXIV of the General Agreement on Tariffs and Trade: Still sounds like a plan to me...

Season ticket holder and my son was ill, you fu ckw!t..

What good is that going to do them? Once the digital tax rules are imposed by the EU, they won't be able to steal US tax dollars any more. Read about it here. The leprechaun economics of the Irish will unravel and they'll be back to the low value economy they've always had. Oh and Barclays hold over one trillion pounds in capital in the UK, so I make that a shift of less than 17% of other peoples money being strategically moved, not that the Irish will get any of it. They still owe us over £3 billion from the last time we bailed them out.

So you would pay whatever they demand? Traitorous quisling...

Tomorrow's Telegraph, numbnuts: You lot really are suffering from the Stockholm Syndrome, aren't you?

EU demanding £39 billion even if there is no deal. Yeah, right. I think Drunker's been on the p!$$ again...

Nigel Farage goes to the Commission , pushing Article 24 of GATT here. All sounds good to me.

No deal favourite with the currency markets at the moment...

Chuka's chucked in the towel....

We're smashing it...

As it's the 29th January, I think it's worth digging up the October 2018 tweet from @J_amesp again: I wonder...

Surprise, surprise, Article XXIV raises its head.

Originally Posted by Guided Missile In the coming years the UK will be also recognised as the country that jumped into a lifeboat, not went down with the ship. I give Deutsche Bank about another 6 months before it all goes t!ts up and wipes the smirk off Frau Merkels face and bankrupts the banks in Spain, Italy, Portugal and Greece, while our banks watch in amusement. The fear lot really got to you, didn't they? The only thing to fear is fear itself.... "Hear now this, O foolish people, and without understanding; which have eyes, and see not; which have ears, and hear not." So, Deutsche Bank is about to disappear into a "suicidal" merger with Commerzbank and the biggest failure of the lot, Italy, is in the news today. I must admit that the sight of a former chief economist of the Italian treasury taking no responsibility for the mess the Italian banking system is now in is fairly typical of his ilk, but hey, we all know that economic forecasting is all about driving a car at 70 mph with your eyes glued to the rear view mirror, telling your passengers not to worry..

Sorry, I was wrong. Imperial College, London has today claimed that Brexit will cause 12,400 people to die from heart attacks and strokes. That and the shortage of Mars bars has finally persuaded me that leaving the EU is a bad move.

The Geneva-based official who spoke to POLITICO on condition of anonymity said the idea for a 10-year deal that set tariffs at zero was gaining ground. “What’s important for you to take away is there is not a great swell of bitterness towards the British in Geneva,” the official said. “The attitude is nothing like what it it is Brussels. I don't think anyone wants to see trade disrupted between WTO members." The official added that an interim agreement that allowed existing tariff-free trade to continue is likely to be accepted by the "vast majority" of WTO members. "Nothing precludes a member challenging anything, but you have to show some injury — that you are materially worse off — for it not to be spurious," he said. "It’s hard to see how that might be the case." Trade experts in London express a similar view. "Zero-for-zero tariffs could be agreed to cover the interim," said Shanker Singham, chair of the Legatum Institute's Special Trade Commission on trade. "If we are not able to get a comprehensive free-trade agreement in two years, which everybody assumes we won’t, we will have at least got quite far down the track on what interim measures are necessary. It’s quite hard to see how no interim measures will be agreed." "Under WTO rules you can’t say you are going to have zero-for-zero until a deal is struck, but you can say for a limited amount of time," he continued. "WTO will allow it if both sides are negotiating a free trade deal.” He said there would be a lot of pressure around the world for the EU and the U.K. to settle terms —such as from the Japanese, for example, whose supply chains would be threatened by tariffs.

The Telegraph carry this story which lends weight to the Article XXIV approach, here.

10 year Free Trade Agreement with the EU from March 29th appears feasible under WTO rules (Article XXIV). It's been under consideration by the UK for some time. Interesting article below: Doesn't appear to help us on services, but might be a legal way to a FTA with the EU, outside a customs union.

Deutsche Bank to be bailed out today with QIF money, just like Barclays were and likely to be forced to merge with Commerzbank. Only way the Qatari's could save their investment. For those working for Deutsche Bank, I'd get out pdq. In addition to your bonuses being shot to f***, just wait until the money laundering comes out in the wash.

The thing with zombies is they sometimes look like they are alive. Deutsche Bank went t!ts up when I said it would, but with a bank too big to fail, the Germans are making sure it twitches occasionally. As far as Spain, Italy, Portugal and Greece, their economies have also gone t!ts up. Italy, the biggest of the lot, is bankrupt. It's just that the EU can't afford to admit it.

Nuclear war fear over Y2K bug 19 December 1999 Read all about it, here...

I loved this part of the article: I stopped reading after this cr@p...

...and why do none of them want the UK to leave.

Mummy, why do most countries in the EU not want to leave...

The Heath government accepted on our behalf a permanent elevation of about 15% in food prices as part of the cost of entering the EEC. And this elevation of prices has persisted, with a more recent estimate that the price of food in the UK is at least 17% more expensive than it would be outside the EU (Gerard Lyons and Liam Halligan, Clean Brexit, Policy Exchange, January 2017, p10.) So, effectively, we pay to import more expensive food than we would if we were outside the EU. Why would the French farmers bother to be more efficient when they are paid to not have to? So, net contributors and spongers: