UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

(21-06-2016, 08:29 PM)TTTI Wrote:

(21-06-2016, 05:50 PM)sgd Wrote: if brexit market will crash in the immediate but longer term outcome it could be better it may avoid potential world war 3, putin may not see eu as a threat and de-escalate but if stay happens the eu have drawn up plans for an eu army.

So choose which is better your money or your life?

https://www.thesun.co.uk/news/1291950/ru...rts-claim/

http://www.ibtimes.co.uk/eu-referendum-p...te-1562327

i beg to differ
If Brexit happens, i think there'd be more long term comsequences
itd set off a sequence of events leading to the fall of EU
Only Putin will be left smiling

I agree with your assessment it will lead to a breakup of EU if that what you mean by "fall" 

my take is if britain is successful other eu members will see and use it as an example to convince their voters to also hold a referendum and that is also what nigel farage had predicted. but If britain is not successful in exiting no eu member also thinking of leaving will dare to attempt anything.

Yes putin may favor a fragmented EU but he may conclude if members are leaving there's no way any EU army will materialise there's not going to be any threat to his 'frontline' it may just be enough for him to back down and de-escalate the whole thing.

(21-06-2016, 08:29 PM)TTTI Wrote:

(21-06-2016, 05:50 PM)sgd Wrote: if brexit market will crash in the immediate but longer term outcome it could be better it may avoid potential world war 3, putin may not see eu as a threat and de-escalate but if stay happens the eu have drawn up plans for an eu army.

So choose which is better your money or your life?

https://www.thesun.co.uk/news/1291950/ru...rts-claim/

http://www.ibtimes.co.uk/eu-referendum-p...te-1562327

i beg to differ
If Brexit happens, i think there'd be more long term comsequences
itd set off a sequence of events leading to the fall of EU
Only Putin will be left smiling

if Brexit happens we could see the populance of some of the other better off countries wanting to have a referendum as well. Since ECB doesn't seem to be doing anything at all for the economy other than kicking the can down the road. The swiss unpegging their currency last year was already a sign of defiance. AS people get poorer, they get more unhappy, as they get more unhappy, things get messy. With economic issues, russian issue, refugee issue, terrorist issue, europe is in a big fat mess now.

IMHO This referendum will show the mettle of the UK people, whether they are afraid of the consequences of leaving or not. Probably only the Londoners will want to remain as their fortunes are largely tied to the property market which will be devastated by Brexit.

as before i am hoping for a BREXIT but expecting a BREMAIN. 2 more days to go I guess. 

Agree with SGD in that most older folks are be in the Brexit Camp while the younger ones, the Bremain camp. I would hazard a guess that it will be Bremain (though I am not sure for how long). On a related issue, I think, in the next scottish referendum, scotland will leave UK.

A big bully and a bunch of small kids which happen to unite. The unity has so far provided the strength to at least balance up the bully.

So now, are you hoping to break the union in hope that the bully would then stop bullying bcos no threat? Ehmm... Probably ask again when separate eu nations becoming ukraine?

(21-06-2016, 09:41 PM)ksir Wrote: A big bully and a bunch of small kids which happen to unite. The unity has so far provided the strength to at least balance up the bully.

So now, are you hoping to break the union in hope that the bully would then stop bullying bcos no threat? Ehmm... Probably ask again when separate eu nations becoming ukraine?

I disagree, you see what happened in south ossetia and ukraine, if russia really a bully he would have grab the opportunity back then and gone all the way there's nobody in europe today can stop him. After the iron curtain fell all the cold war forces have stand down and surplus leopard tanks sold off at fire sale prices to countries like singapore   

And even today if he really an aggressor nobody can stop but he never do that why? You go back read these 2 both wanted either nato or eu membership and russia saw it as interference in his backyard and he only went in occupy these places to defend russia's national interest.

Another example he went into Syria with the goal to stop isis terrorist or help his friend assad but everybody thought his aim was to plant himself there for good but after a few months campaign he announced "job done" he pull almost everybody out.
 
I believe and see from his actions he don't want war just don't mess with him and his interest.

Think it's better to listen to those who put their money where their mouth is:
Bookies Say It’s Almost All Over as Gamblers See No Brexit

Britain has their own currency so Exit to them is not really hard at all unlike Greece and with debts beyond their means. So I think is a non-event even if it happens. The law maker death may have help delay the inevitable today but not tomorrow.

As for Russia, is an extremely dangerous regime. Their definition of National Interests is on the expenses of other states rights through cheats, robbing and stealing. Is quite different different from defending your national interests that we can normally accept. Is clearly a Bully. A broken EU does not mean a dissolved NATO. They are different thing imo.

(22-06-2016, 09:47 AM)corydorus Wrote: Britain has their own currency so Exit to them is not really hard at all unlike Greece and with debts beyond their means. So I think is a non-event even if it happens. The law maker death may have help delay the inevitable today but not tomorrow.

As for Russia, is an extremely dangerous regime. Their definition of National Interests is on the expenses of other states rights through cheats, robbing and stealing. Is quite different different from defending your national interests that we can normally accept. Is clearly a Bully. A broken EU does not mean a dissolved NATO. They are different thing imo.

Nato has been around for a long time that's a status quo that russia has been handling for a long time. 

A new presence of EU army or another country near russia trying to join nato will just antagonize and aggravate the situation further.

Try imagine a little you are in russia shoes from their point of view. All your former allies / clients in the middle east  have been deposed or bombed out of existence the countries at your door step are are trying to undermine you by stationing foreign troops or missile battery on pre-text of countering iran or trying to build their own oil pipeline skirting yours.

Then now in that same example imagine we are in SG, either

 thailand suddenly start building their KRA canal

or 

malaysia blockade the straits of malacca or Turn off the water tap

Both are sovereign nations these are their juristriction they have every right to do whatever they want as according to all of you.

Which is more likely you all going to sit there wait for miracle to happen or maybe try to do something?

Just thought I'll chime in a bit on my 2cts:

1) Britain is in the EU but not the Eurozone. Unlike Eurozone there is provision for leaving EU:
https://en.wikipedia.org/wiki/Withdrawal...pean_Union

Nonetheless Mr market usually fails on details and it will again open up the Pandora box of domino theory.

Actually UK is one of the founding partners of EEC and indeed one of the reason is to contain the "bully"- Germany, the main actor in both world wars.

2) NATO is effectively dead under Obama. If you follow current affairs including middle east, the entities at the stage is US and EU, not NATO.

3) Unless UK is intending to change their economic structure from EU centric to say China or US centric, I fail to see the logic of BREXIT, just like the logic of East Timor. In fact if Scotland were to leave UK they will be in trouble now when North Sea production plunged with oil at $50. With oil was at $100 they see themselves as being marginalized but they can't see the strategic value

That is why LKY was pro uniting with Malaya. It was a big strategic issue when we left in 1965 but people who don't understand the context with benefit of hindside thinks it's so simple.
https://www.theguardian.com/us-news/2016...land-visit

Not sure the purpose. To explain Russian behavior, yes. To point of justification, no. I think we need to differentiate right from wrong. To calm imaginary fear with expansion ?

"malaysia blockade the straits of malacca ?" What's the Rights about it ?

Thailand can build their canal. Is within their Rights. Yes will affect us some what. But do you see us invading Thailand ? If we are Russia, we will. That's the problem with Russia or should i say Putin. They are Hooligans.