BoE: Brits need to accept they are now poorer

Everyone who has to work for a living in the US has gotten much poorer over the years as well.

Back in 1970 you could buy over 250 ounces of gold with the average yearly US household income (pre tax).
Now you can buy less than 50 ounces.

Same sort of ratio if you use the S&P 500. What percentage of the total S&P 500 could you buy back then with one years salary vs today. Probably just one fifth or even less.

Great if you own assets, or get an inheritance, but sucks if you have to work for a living and don't have anything left over to build wealth.
 
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maxinger said:
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On the plus side, plenty of cushy toilet cleaning jobs have opened up now that they've kicked out the Poles.
#Bregret-- pretty dry header in the first link-- "leaves many wondering if..." o_O
https://www.nytimes.com/2022/11/22/world/europe/uk-brexit-regret.html
https://www.nytimes.com/2023/01/23/world/europe/brexit-eu-farmers-labor.html

IMO the massive surge in so-called Populism around the world ca 2016 was part of Putin's GRU World Destabilization Initiative, which from a cost benefit analysis, was a smashing success.
FArage, BoJo, #Calexit guy fleeing to Moscow, Butina infiltrating NRA becomes a member of RU Parliment, Yuri Milner owning Facebook, Moldovan troll farms, etc etc, all designed to destabilize the Western World. Can't get your own Country's @#$ together? Find the cracks elsewhere and lever up the chaos. Riling up rubes for fun and profit, Cold War II.
 
TheDawn said:
Breaking EU regulations and unilaterally imposing them on Britain to follow unconditionally. Deciding on laws and then forcing them upon Britain leaving it no choice but to follow. That to me is pretty abusive. Yes you can argue that's the nature of the EU agreement; that's just how things are done in EU and if UK doesn't like it then it can leave. Well that's what UK did. It left. LOL

Yes "consequences" faced by Britain for leaving EU has been very well demonstrated thanks to the outstanding negotiation skill of EU upon Brexit. Yes everybody can see that.

Hope those countries can make good use of these 10 years to think about what they would be getting into before they sign on the dotted line.
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As BoJo literally said "We will have our cake and eat it too". He (UK) wanted all the benefits and none of the responsibilities, then misled the rubes as to the value of the UK to EU block.

BoJo: "We will leave if you don't give us everything we want".

EU: "
well-bye-animated-gif.gif
"

BoJo (clears throat): "...ahem, perhaps I did not make myself clear..."
 
Brookwood said:
As BoJo literally said "We will have our cake and eat it too". He (UK) wanted all the benefits and none of the responsibilities, then misled the rubes as to the value of the UK to EU block.

BoJo: "We will leave if you don't give us everything we want".

EU: " View attachment 313293 "

BoJo (clears throat): "...ahem, perhaps I did not make myself clear..."
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Good thing Britain left instead of getting all the benefits of contributing to the EU budget for the rest of the freeloaders. https://www.statista.com/chart/18794/net-contributors-to-eu-budget/

Now we can have new members like Croatia who just joined EU to take up these responsibilities:

Drawdown Addict said:
https://european-union.europa.eu/principles-countries-history/country-profiles/croatia_en

https://www.aljazeera.com/program/i...t-for-the-eu-after-croatia-joins-the-eurozone
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