No Deal Brexit: Pound Would Crash And Inflation Would Soar, Says Bank Of England

[Anonymous No.11936292]

https://m.huffingtonpost.co.uk/amp/entry/pound-will-crash-and-inflation-will-soar-under-disorderly-brexit-says-bank-of-england_uk_5bfec019e4b027a61a25591a/?kd=&__twitter_impression=true

So you put your savings into gold, britbongs, or are you just hording food?

[Anonymous No.11936500]

Tempted to just invest most of what I have in USD, transfer it back after the shit storm and live like a king of an island which is on fire.

[Anonymous No.11936517]

>>11936292
i got a mortgage a year ago at 1.99%

just gonna funnel all my £ into that for next few years, i'll be fine right /biz/?

[Anonymous No.11936543]

>>11936292
Link

[Anonymous No.11936560]

>>11936292
Project fear

[Anonymous No.11936567]

This is what happens when we built our reliance on the fucking EU for everything for the past 4 decades. Of course we're going to immediately be poorer, but things in this case must get worse before they get better. It's just a dip. The EU need us, not the other way around.

[Anonymous No.11936580]

>>11936567
>The EU need us
What for ?

[Anonymous No.11936745]

>>11936292

I've unironically been stocking up on some stuff. Like every time I go shopping I'll just buy an extra tin of beans or chopped tomatoes or something and putting it under my bed.

[Anonymous No.11936767]

>>11936543
...?

http://sys.4channel.org/derefer?url=https%3A%2F%2Fm.huffingtonpost.co.uk%2Famp%2Fentry%2Fpound-will-crash-and-inflation-will-soar-under-disorderly-brexit-says-bank-of-england_uk_5bfec019e4b027a61a25591a%2F%3Fkd%3D%26amp%3B__twitter_impression%3Dtrue

[Anonymous No.11936779]

>The EU need us, not the other way around.

[Anonymous No.11936810]

>>11936500
Get a kraken account they have EUR currency pairings, it could be a nice hedge if sterling takes a shit. That said I don't think they'll let us out. They fucke up big time giving us that vote. They honestly thought they could scare us into remaining

[Anonymous No.11936847]

>>11936810
you guys will be fine, i mean, you still have the tax havens right? right anons?

[Anonymous No.11936903]

>>11936580
>>11936779
hurr durr
we're the second biggest importer of german cars in the world, not even mentioning the rest of what we import.
we only import 30% of our food from the EU.
don't need them as much as everyone thinks

[Anonymous No.11937053]

>>11936903
30% is a lot anon. Not to mention all the other stuff we import. Or all the other imports from non EU countries that reach us via the EU. Or the fact most of our major trading partners are in the EU. Or the damage the lack of visa free travel will cause to The City.

They do NOT need us more than we need them.

[Anonymous No.11937077]

>>11936567
Why do all those 27 countries need 1 other country? Are you really that deluded

[Anonymous No.11937094]

britards BTFO lmao. thats what you get for betraying the union

[Anonymous No.11937117]

>>11936567
We need the EU more than they need us, basic fucking maths pal

[Anonymous No.11937129]

>>11936903
>we only import 30% of our food from the EU.
>only
how much food in the EU do you think is imported from the UK lmfao, and they need us more than we need them?

[Anonymous No.11937164]

>>11936580
>>11937053
They need us to pay a shit load into their coffers, buy their cars, move their money (Londonistan being the finance capital of Europe), let them rape our fishing waters, employ their Eastern Europeans as baristas, pickers, hotel workers, etc, also share our sigint intercepts and various other sneaky beaky things I won't go into. By contrast we can choose to get our cars and food from pretty much any other country that wants to export to us. I'm expecting Jap cars to replace the triumvirate of Merc, Audi, Bimmer and maybe the milk price will go up and we'll start having to pay farmers slightly more than starvation wages

[Anonymous No.11937227]

>>11936292
Lol what savings

[Anonymous No.11937318]

>>11937053
i don't believe it, we can replace a lot food imports by starting fishing again, export less and use it ourselves
we can easily just switch to WTO trade in which tariffs go up 1.5% and nothing else needs to change
look at this fearmongering article
and then read the last paragraph
>https://qz.com/716156/the-british-import-a-quarter-of-their-food-from-the-eu-and-thats-a-problem/

>“I would expect to see [prices] come up a little, but 1 or 2%,” he said. “Is that going to rock the consumer? No.”

[Anonymous No.11937358]

>>11936292
Brit here

I voted leave simply just out of spite. Couldn't care less about the future of this "country" because it's already sealed in: a nigger and Muslim infested shithole.

[Anonymous No.11937361]

>>11937318
Please contrast "is that going to rock the consumer"
with
>>11937227
Most Britbongs are poor as fuck.

[Anonymous No.11937375]

>>11936567
We don't need you pal, just look up the numbers

[Anonymous No.11937416]

I thought the eu will invade you if you actually try to leave

[Anonymous No.11937430]

>>11936292
BAHAHAHA britbongs are broke. The country is a joke and relies on the europeean union for handouts. I thought importing all the muslims was gonna drive your economy britfags, what happened?

[Anonymous No.11937447]

>>11937430
You are an idiot

[Anonymous No.11937463]

>>11937447
>The truth hurts my fee fees
Gonna get reckt britfahs and europoors. The EU is an absolute failure

[Anonymous No.11937473]

>>11937053
>30% is a lot anon
yes, it really is. The thing is, we can survive without luxury cars, we'll just drive bangers or our own luxury cars until they cave in out of fear of bankruptcy

I wonder if Merkel has the nerve to kill the German car industry for the sake of spiting us

[Anonymous No.11937497]

>>11937473
You honestly think mercedes and BMW are going broke because of the brexit. You fool.

[Anonymous No.11937538]

>>11937497
what part of 30% do you not understand? Losing 30% of your trade is no fucking joke, retard

[Anonymous No.11937576]

>>11937497
it's not just germany

Germany: US$19.8 billion (up 3.5% from 2013)
Belgium: $6.9 billion (up 25.2%)
Spain: $3.9 billion (up 16%)
Japan: $2 billion (up 94.3%)
France: $1.7 billion (down -27.4%)
South Korea: $1.6 billion (up 42.7%)
Slovakia: $1.1 billion (up 14.6%)
Turkey: $1.1 billion (up 184.1%)
Czech Republic: $1.1 billion (up 6.7%)
Netherlands: $929.2 million (up 7,642%)
Poland: $809 million (up 23.7%)
Italy: $788.6 million (down -7.7%)
Sweden: $588.1 million (up 65.9%)
Portugal: $375.7 million (up 45.2%)
South Africa: $348.5 million (up 327.3%)

The listed 15 countries shipped 97.4% of all UK car imports in 2017.
majority of eu countries will all suffer
I bet the japs are drooling at the thought of filling the gap left by germany

[Anonymous No.11937610]

and i'm sure the americans would love to send us their excess grain and meat

[Anonymous No.11937624]

>>11937375
>>11937117
>>11937077
>>11936580

Someone has to end the bystander effect and start putting an end to this nightmare

[Anonymous No.11937632]

>>11937473
>I wonder if Merkel has the nerve to kill the German car industry for the sake of spiting us

No one is going to miss your 60 month lease, Ahmad

[Anonymous No.11937644]

>our gdp growth since joining EU
we got euroed
time to leave so we can grow again

[Anonymous No.11937665]

>peoples vote
https://www.scotsman.com/news/uk/people-s-vote-march-full-list-of-celebrities-funding-coaches-for-people-attending-brexit-protest-1-4811663
wonder why some of these names appear in that list!

[Anonymous No.11937677]

>>11937538
>>11937576
>because everybody will suddenly stop buying european cars
chart straight of the cliff. Not gonna happen. Both aren't going broke, rich brits will just pay more and see a decline of maybe max 10%.

[Anonymous No.11937693]

>>11936567
>The EU need us, not the other way around.
HAHAHAHAGHAHAHA

[Anonymous No.11937697]

>being in the EU is so awesome

[Anonymous No.11937716]

>>11937697
>everything is the EU's fault

[Anonymous No.11937732]

>>11937697
I didn’t know Italy was so high

[Anonymous No.11937764]

>>11937430
this. UK will unironically completel collapse if brexit comes to pass.

[Anonymous No.11937778]

>>11937716
>conveniently ignores >>11937644
>The United Kingdom European Communities membership referendum, also known as the Referendum on the European Community (Common Market), the Common Market referendum and EEC membership referendum took place on 5 June 1975 in the United Kingdom to gauge support for the country's continued membership of the European ...

[Anonymous No.11937801]

>>11937677
m8 anything above even 1% is a big deal in the fine-margin world of big business. And as the other anon points out, there will be people much less emotional than the Germans (constrained by their Eurocommunism ideology which seeks to punish Britain) all too willing to jump into the gap. Not only are you losing profits, you're giving your competitor a stronger foothold.

[Anonymous No.11937826]

>>11937358
same desu.

[Anonymous No.11937838]

>>11936292
you mean you're not all in crypto? SAD!

[Anonymous No.11937892]

>>11937764
>female genital mutilation

reminder that the male genital mutilation rate is about half the rate of male births in Burgerland

[Anonymous No.11937941]

>>11937778
>>11937801
Look, we're both going to be worse off in my opinion. It's not a cock measuring contest of who will be slightly less worse off. And i get why you voted leave. But saying the EU needs the Brits to survive is nonsense

[Anonymous No.11937966]

>>11937732
must be their euro skeptic boost

[Anonymous No.11938029]

>>11937941
I don't think it needs the UK to survive, but whichever way you cut it Brexit is going to be a hit to the EU, no matter how much they try to put a brave face on like smug nerds

[Anonymous No.11938074]

>>11936292

this is a bretty gud little read about Brexit and the challenges in squaring it off:

http://politics.co.uk/blogs/2018/10/10/everything-you-need-to-know-about-the-final-weeks-of-brexit

also - in terms of domestic car manufacturing, GM may have been planning on selling Opel and Vauxhall pre-Brexit.

The key bit that matters is that it sold it to a company in the EU, which Britain is shortly to leave, a fact that massively undermines any chance Vauxhall has of keeping it's operation going if it comes down to a straight up crap shoot between the Vauxhall and Opel plants.

anybody that Britain negotiate's with post-brexit holds significant advantages, and there's already noises about making signing up to WTO as awkward as possible. If you try to strike agreement with the US enjoy your chlorinated, shitty chicken raising your food poisoning rates and privatised NHS.

Anyone of importance in Russia has already cherry picked the best bits of London anyway, lol.

[Anonymous No.11938087]

>>11937941
we'll all be better off when it's trashed.
and the UK is one of the top contributors to their budget, someone is going to suffer to take our place

[Anonymous No.11938198]

>>11937697

Why would you compare the GDP of a 50 state federation with the GDPs of individual countries?

[Anonymous No.11938247]

>>11938198
left hand side of the chart lad, you can compare fractional growth rates instead of absolutes

[Anonymous No.11938249]

so is it guaranteed to dip against USD? I have a lot in crypto already, so not an option to put more because of all the cashing out hassles. Maybe putting in USD short term would be beneficial.

[Anonymous No.11938370]

>>11938249
cash out to good boy points on Brexit day if there is no deal, then buy back BTC when good boy points inevitably recover against the dollar when the scare stories turn out false

[Anonymous No.11938393]

>>11937358
>>11937826
So you fuckers blame EU for your negroes !!??
Aka hindus and pakis !?
Fugg..

[Anonymous No.11938440]

>>11938393
I think EU only brings romanians and poles

[Anonymous No.11938567]

>>11938440
I live in Switzerland. A lot of Anglos here will have to pack up and fuck off after March.

[Anonymous No.11938598]

>>11938567
switzerland ain't in the EU

[Anonymous No.11938729]

>>11937892
based and redpilled, and the only reason it's half is California and the west stopped doing it. everywhere else it's near 100%

[Anonymous No.11938730]

>>11936567
The EU needs Germany.

[Anonymous No.11938749]

>>11936517
Then at the end your house is worth jackshit because the country is in ruins

[Anonymous No.11938758]

>>11938729
Yup. My kid didnt leave a tip, neither did I, neither will my grandchildren. Sorry /biz cutlettz, tough titties for you.

[Anonymous No.11938772]

>>11938758
I've been restoring with TLC for a while and have some descent coverage now, so there's hope out there for cutlettz, it just takes effort. Plus foregen might be a possibility in the next few years.

[Anonymous No.11938910]

>>11936567
>the EU needs us

[Anonymous No.11939063]

>says Bank of England

[Anonymous No.11939100]

>COO visit of corporation I work for
> says 'we are not going down with brexit as bongs are too important in grand scheme of things'
>says 'we are planning to expand to Australia as their market is booming in the last 2 years'

shall I be worried?

[Anonymous No.11939197]

>>11936517
Yeah, you'll be good. BOE haven't been right in two decades!

[Anonymous No.11939235]

Can we stop pretending UK is actually leaving?
The May deal basically sealed UK's fate to staying as a vassal of EU
They will bluff to the end of time that they are leaving the customs union, but I will get my balls they will just post-pone it till the end of time

[Anonymous No.11939262]

>>11936517
Don't forget to pay the jizya kuffar or else you know what will happen to women in your family.

>>11936567
Brits don't do anything anymore but banking and finance, you are basically second grade jews, Poseidon could swallow your country tomorrow and the rest of Europe would be barely impacted.

[Anonymous No.11939648]

>>11936292

[Anonymous No.11939759]

>>11936292
This shit is so amusing to me. Europeans hate Americans because Americans think they're the center of the universe, while Europeans rarely even interact ever with Americans besides on the internet and in pop-culture.

In reality, Europeans are just as self-centered. You all think, "if MY country leaves the EU, we'll be so much better off! They NEED us!" The European Union was a pipe dream built and prolonged by the happy-go-lucky ultra-inclusivity and optimistic multiculturalism of the 90's and 00's. Now we're seeing the backlash against that when you all realized that you actually prefer doing things your own way, and by including everyone, you're forced to accept and house poor immigrants who you think are ruining your countries.

At least here in America, when we ruin our country, at least it's being ruined by my fellow retard Americans and not some anonymous Bureaucratic mainland European dipshit, making choices about where I live from his ivory tower in Brussels.

[Anonymous No.11939838]

>>11939100
Yes.

My friend says Eindhoven is a lovely place to work, though.

[Anonymous No.11939867]

>>11939759
fucking based.

[Anonymous No.11940385]

>>11936567
>The EU need us,
This is the dumbest thing I've read all month.

[Anonymous No.11940617]

>>11936292

[Anonymous No.11940636]

>>11939759
>He totally forgot to talk about Israel, the american puppet master.
I'm also an American, be honest with yourself here anon.

[Anonymous No.11940668]

>be brit
>have no savings

feels good to be bullet proof bois