Comments by "Nattygsbord" (@nattygsbord) on "Brexit tensions as Tory rebels back a second referendum" video.

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  7. I say that Britain have the stronger hand here, but May is playing her cards so shitty that I suspect treason. After all, asking a remainer to make a Brexit is like asking a vegan to make a meat dish. Historically speaking has trade wars usally been won by the side with a large current account deficit, so a large importer like Britain have much less to lose from a trade war than a large exporter like Germany. And that is a strong on British hands. UK is still one of the largest economies in the world by far. A GDP roughly equal to all 46 countries in sub-saharan Africa combined except South Africa. Or roughly as large as all states in Confederate states of America except Texas. And it is also a world financial centre and the home country of many large corporations. So therefore are foreigners very keen on making trade deals with Britain because there are hundreds of millions in profits that can be made there. Even without the EU it is still a huge market. So say that Germany is stupid enough to shoot themselves in the foot and ditch a trade deal. That will only mean billions of lost exports for them. While UK could just import cars from USA, Japan, and South Korea instead.. and all of them would be more than happy to fill gap left by Germany and create thousands of jobs back home and earning billions by growing their share of the huge British market. So as you see, once again do Britain got the upper hand. Furthermore do Britain play a big fiscal role in the EU. And the Union need her tax money very badly. And when Britain leave there will become a budget hole within the EU. So there is no coincidence that the EU demands money from UK to fix the hole. And without UK will the EU become much weaker in every sense of the word (militarily, economically, diplomaticly etc), and the centre of power within the Union is moving from North-west to South-East. And the union is filled with lots of fighting and fragmentation, and hostility to USA and Russia. So if the EU wanna make life easier for themselves they should offer Britain a fair trade deal, and thereby end the war on the Brexit front. UK is the banking centre of the world. And admittedly do I not think that this is not only a good thing. But since there are so much doomsday propaganda about all banks leaving the country and move to the EU, I will remain extremely strongly skeptical. First of all are all financial contracts written in English - because it is a practical thing to do, and I do not think French or German would become the next world language in trade anytime soon. And most contracts are written in British common law (like in America), and not in the German Bürgerliches Gesetzbuch or French Code Napoleon. So a movement to the continent would probably be very unpractical. And the EU as an economic project is doomed to fail. Governments are no longer able to get cheap funding from the central bank -like England - after they joined the EU and they will be unable to smoothen up deflationary or inlationary shocks as Bank of England can do to help its own country. Southern Europe is still in bad shape after the Euro crisis. Too much gambling by banks that were too big to be allowed to crash (because of all the terrible conscequences that would mean) created theEurocrisis, since all the goverments themselves got too much indebted after all hundreds of billions the pumped into the banks. So have the EU tried to regulate gambling or downsizeing the banks like in the USA after the financial crisis? The answer is no. So we all know that crash will happen again, because nothing has been done to prevent another crash like the previous one. And next time it will be much worse. Banks are bigger than ever - more than twice as big American banks, and they also take more risks. And before the last crisis was France, Spain, Ireland and Portugal in great shape with low national debts and low unemployment. But today things are the total opposite and there are no money left in the piggybank for extremely expensive hobbies like bank rescues. So the EU will probably explode and one can only guess if the EU could survive when the Euro currency project falls apart. So I fear a dark future ahead. And leaving the EU is probably better than being dragged down with the failing Euro countries. Perhaps Britain will be left as the strongest country in Europe after this disaster, and EU countries will have to grow their exports to England and other places to pull themselves up from their own mess. I believe Europe will survive this. But the Euro project in its current fom will definatly not.
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