Tuesday, May 21, 2013

Goldman Sachs opposes UK independence

In related news, Rapey McRaperson announced that he is opposed to women carrying handguns and pepper spray, saying that it would be a "loss/loss scenario":
Kevin Daly, part of the investment bank’s economic team, has concluded that a British departure from the EU would result in a “loss/loss scenario” in which both the UK and the rest of the bloc would be damaged.
But in a note to investors, Mr Daly added that Goldman does not expect an in/out referendum because the Tories first need to win an outright majority and, the bank reckons, “at this stage, this doesn’t appear likely”.
Mr Daly said a UK exit would “come with a significant economic cost to the UK” because it is “highly integrated” with the EU. The economist noted that trade with the other 26 members of the EU accounts for 16pc of UK GDP.
He dismissed those who argue that Britain could negotiate a trade deal with the EU once it had left. “Given the size and importance of the UK economy, it is unlikely that the UK could negotiate the same access to the EU single market that Switzerland and Norway have achieved,” he said.
Goldman isn't even trying to make sense of its pro-EU position here.  Britain not only sends billions of pounds into the Brussels sinkhole every year, but has nonsensical and tremendously wasteful regulatory regimes imposed upon it, to say nothing of millions of unwanted economic migrants.  And when has being bigger and more important ever made it HARDER for a nation to pursue what it wants in negotiation?

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Anonymous Josh May 21, 2013 9:29 AM  

And when has being bigger and more important ever made it HARDER for a nation to pursue what it wants in negotiation?

Goldman is predicting that P&G is going to Gabe a tougher time getting Walmart to carry its products, unlike Hippy Joe's pure natural soap and Angry Feminist vegan catfood.

Anonymous Josh May 21, 2013 9:30 AM  

Replace Gabe with have. Stupid phone plus insufficient coffee.

Blogger tz May 21, 2013 9:31 AM  

Note how we can't have "free trade" across the former British empire and US where we all speak English and the laws are similar (USA, Canada, UK, New Zealand, Australia), since there isn't "cheap labor" or regulatory arbitrage to be had - there is only a small amount of real comparative advantage. Instead we have to open ourselves up to Mexico and China. Even trade with Japan wasn't a race to the bottom. No, it must be multicultural, and each of those countries has to allow immigration as well.

OTOH Goldman doesn't appear evil even though the result (I'm not going to try to read intent) is the destruction of western civilization. The Democrats have been paid off, the Republicans convinced that it is just "free enterprise". But there are those on both sides who see through the fog.

Anonymous Josh May 21, 2013 9:38 AM  

Goldman doesn't appear evil???

Anonymous black May 21, 2013 9:44 AM  

It just needs to sound good to make the idiots think the guy knows what he's talking about. No need to spend the time logically considering anything anymore... just nod your head and accept that it's true.

This type of news is all over the place. Media and companies get away with it because nobody cares enough to take the time to think and/or remember what happened a few days ago, much less a few years. Or, heaven forbid, actually read a history book or two.

Blogger IM2L844 May 21, 2013 9:49 AM  

Ah, a twofer.

Anonymous Maximo Macaroni May 21, 2013 10:14 AM  

But, but, without the EU, all Britain's bananas would be curved in different, non-standardly curving ways! And you people are saying the EU never did anything for the UK!

Anonymous Orion May 21, 2013 10:15 AM  

Reminds me of a guy in high school that use to spout off numbers and statistics from thin air just to see if he could get it to pass. Of course those who knew him would call him on it. Wonder if any one in the MSM is going to bother calling this putz out to back up his assertions. Not holding my breath on it though.

Anonymous Adm. Stockdale May 21, 2013 10:16 AM  


Anonymous zen0 May 21, 2013 10:26 AM  

The "Conservative" party could hold every seat in the house and there still would not be a referendum.

The Posh Boys that run it are globalists.

Blogger IM2L844 May 21, 2013 10:33 AM  

But, but, without the EU, all Britain's bananas would be curved in different, non-standardly curving ways! And you people are saying the EU never did anything for the UK!

It's a legitimate concern. Milburn Drysdale can't peel a Klein Banana. What?

Anonymous allyn71 May 21, 2013 10:52 AM  

Sounds like a wife beater telling the woman she can't make it on her own. "You need me baby, your to stupid to make it on your own". The whole time it is GS that is shitting a brick that the UK might leave the EU and expose the fraud.

It is hilarious to think that they are arguing regaining sovereignty will hurt the UK. If Iran can still find trading partners even with all the sanctions I bet the UK will do just fine.

Anonymous DonReynolds May 21, 2013 10:55 AM  

This is utter nonsense. The EU is not limited to trading with members. The Brits never did buy into the Euro, so they did have the good sense to stay out of the common currency.

The UK got on the ship when it was called the Common Market, determined to tear down all the silly barriers to trade between European nations. But once out of sight of land, the EU captain and officers turned PIRATE and pressed all the happy sailors and passengers into a life of crime on the high seas. Now they have to fight for their lives on the pirate ship and wait for their chance to jump ship, should it ever put in to port.

Anonymous Alexander May 21, 2013 11:02 AM  

I'd like to back up and get a clarification on the 'Goldman doesn't appear evil' theory.

Or failing that, you guys are clearly selling the EU short. The arc of the moral universe is long but it bends in the shape of a properly inspected banana. Issue of our time, man.

But if that's not enough for you haters, I understand that the EU has done tremendous work in enforcing what may or may not be called "chocolate".

Anonymous Josh May 21, 2013 11:53 AM  

But if that's not enough for you haters, I understand that the EU has done tremendous work in enforcing what may or may not be called "chocolate".

And champagne, Bordeaux, and parmigiano.

Blogger  Trust Ted get misled. Gamma secret kings reddit May 21, 2013 12:28 PM  

What a mess from coast to coast!

Anonymous Hunsdon May 21, 2013 12:40 PM  

"Loss/loss" scenario means that Goldman would lose, and Sachs would lose.

Anonymous DrTorch May 21, 2013 12:40 PM  

Angry Feminist vegan catfood

Man, that would have been a great Wacky Package sticker.

Anonymous FUBAR Nation Ben May 21, 2013 12:51 PM  

Doing God's work, Goldman Sucks.

Blogger Scott May 21, 2013 1:08 PM  

None of this matters. The UK is finished. The cancer that is multiculturalism has overtaken the country. The Muslim population has doubled over the last decade and is ramping up. In London whites are now a minority. Not that the current generation of Brit whites are any more capable...

Anonymous DJF May 21, 2013 1:17 PM  

“”””'Goldman doesn't appear evil' “””’

Of course Goldman Sachs is not evil, Lloyd Blankfein their CEO has said that Goldman Sachs is doing Gods work.

Though he did not mention which god. Must be the god of usury and fraud.

Anonymous Alexander May 21, 2013 1:54 PM  

Scott, disagree.

Britain is still overwhelmingly British. Even if things degenerate to the point that London declares itself the independent Caliphate of Londonistan with exclaves in Brdaford, Leeds et al... it's surrounded by an island where 97% of the country geographically is occupied by Anglos.

It's not a *good* outcome, and it will require an enormous effort on behalf of the native population to overcome the turncoats in their ranks and the elites at the top and even then the inevitable violence will destroy many of the physical artifacts of British history and culture... but the war isn't lost yet.

Anonymous Alexander May 21, 2013 1:56 PM  

In other words, we are still in a position where open war would overwhelmingly favor the native population. London isolated could not feed itself, let alone operate as a base to conquer the island from the English. There will be war, but there's still time to at least be on the winning end of it.

Blogger Scott May 21, 2013 3:08 PM  

Alexander, I'm not sure which UK you're referring to. The one I reference is the one that is throwing their elderly under the bus and is overwhelmingly sympathetic toward Muslim immigrants and is actively importing them via welfare. The UK I'm talking about is approaching a dangerous 5% Muslim population threshold:

You really believe a country that is financing it's own decline is going to go to war with those on the receiving end of said finances? That's rich.

Anonymous Alexander May 21, 2013 3:18 PM  

Not too long ago you'd never have heard of the English Defense League or the UKIP. How's that been going for the guys trying to clamp them up?

Europeans have a long history of bringing themselves to the brink of destruction and then killing foreigners by the literal carload lots until the problem goes away for thirty years and then repeating it every other generation.

And like I said - the vast majority of England and Scotland in terms of geographic space is homogeneous or near-homogeneously British. If the Muslims go ahead now and ignite the powder keg they'll starve to death in their outposts.

It's not good. The situation is worsening. It's at a point where liberating their homeland will result in large economic and cultural destruction. All true. And yes - until things really hit the shit many Englishman will find themselves assaulted by their own kind.

But it's not yet lost.

Anonymous Joe Doakes May 21, 2013 3:20 PM  

The most significant advantage to leaving: the pint.

Right now, EU regulations require metric system so beer comes in demi-liters, as if Hitler really had conquered. Does it really matter? No, except to the extent culture matters at all. Hitler didn't win, damnit, so why should Englanders have to measure beer in German units? Dude, if I wanted a demi-liter of beer, I'd go to Berlin.

I want a pint of bitter. Dump the EU, Take Back The Pint!

Anonymous Azimus May 21, 2013 3:44 PM  

The only reason that G-S is opposed to UK independence is they haven't found a way to make more money off of it than they do under the current regime - as soon as they find a way, they'll be all for it.

Anonymous Anonymous May 21, 2013 6:36 PM

Emulsified high-fat offal tube?

Anonymous TheVillageIdiotRet May 21, 2013 9:05 PM  

I often wondered whose sack I had to squeeze around here to get ahead.
Should of known it would of been the Gold Mans sack.


Blogger Michael J McCormick May 22, 2013 1:46 AM  

Jo Doakes.

The metric system is French, not German. We still drink beer in pints.

Anonymous Sancho Panza May 22, 2013 2:02 AM  

I dont know what the leverage of the Euro banks is now but I hear that it is ever growing since 2008 and way bigger than any hopes of ever being rectified. The US got a grip on our banks rectitude unlike even the supposed thrifty Germans that are hell bent insolvent. Germany is going down like Japan and who even ever cared about Greece and French frogs anyway. With this in mind the powers of Europe will try mighty hard to sink England with them. The Maddoff socialist scheme of more rubes entering than leaving via aliens has played out. Nothing to see here, Rome is better off with out them. The Church will prevail against the gates of hell and you can take that to the bank of Bunds and them apostate german cockroaches. Moral of this sad story... science.

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