Brexit Bullshit Deja Vu All Over Again

youtube-Logo-4gc2reddit-logoOff the keyboard, microphone & camera of RE

Follow us on Twitter @doomstead666
Friend us on Facebook

Published on The Doomstead Diner April 14, 2019

Audio Only:

(audio-only MP3 provided in case you want to multi-task and listen while sitting in traffic on the way to work in your cubicle or digging post holes for your fencing on the Doomstead or kneeling by the throne and Praying to the Porcelain God)

 

Visit Part 1 of the Brexit Kabuki Theater in:

Europe Special Collapse Wake-Up Call Edition: Brexit & Gilet Jaunes – Send in the B.U.M.s.

 

 

Well, we had another couple of weeks of Collapse Drama with Brexit, with the totally predictable result that once again, the can has been kicked down the road, this time until Halloween, October 31st, 2019.  Personally, if they want to go with a Horror Film Theme, they should have picked Friday the 13th, which next falls in September.  I'd really like to see Jason Voorhees set loose in the House of Lords and the European Parliament.  Maybe that would motivate the surviving Pols to actually get something DONE?

Now that we have achieved another Can Kick, all newz of Brexit will disappear from the FSoA MSM until October.  What will we DO without this Horror Show hitting the front page of Google Newz every Day?  No worries, SOMEBODY in Eurotrashland is bound to pick up the slack, a leading candidate for this is the Italians.  According to Don Quijones on Wolfstreet, their banks are on the ropes…AGAIN!

Italy already boasts the largest public debt pile in Europe in nominal terms, clocking in at €2.14 trillion, as well as the second largest in relative terms after Greece’s twice bailed out economy. Rome just forecast that public debt would hit a new record high of 132.6% of GDP this year. That record is unlikely to last very long given Italy’s stagnating economy and the government’s determination to cut taxes, reduce the retirement age and introduce a citizens’ basic income.

The biggest problem with Italy’s economy is that many of its problems are chronic and deep seated. Many of them date back to the adoption of the euro, in 2000, or in the case of Rome’s massive addiction to public debt, to the 1980s. As the OECD points out, real GDP in Italy is still well below its pre-crisis peak. Italy is also the only OECD country where incomes (as measured by GDP per capita) are no higher than in 2000. By contrast, in France, Spain, the UK and Germany they have risen during the same period by 13%, 17%, 21% and 23 respectively.

The IMF now envisages Italy’s public debt ratio ratcheting up to 134.4% of GDP in 2020 to 138.5% in 2024. As the debt increases, so too will the interest payments on the debt. That is unsustainable, especially with much of that debt scheduled to fall due in the next few years. In 2019 alone, Italy has an eye-watering €250 billion of bond redemptions to fund, which is roughly the equivalent of all Eurozone bond maturities this year.

It never ceases to amaze me how all the major problems in Europe that hit the newz seem to occur sequentially.  You never get 2 of these Mega-Crises hitting simultaneously.  It's like TBTB can't Multi-Task, they can only focus on one thing at a time.  How come the crises cooperate with them though and never come in bunches?  Is there some kind of planning here going on in the shadows?  Great fodder there for Conspiracy Theorizing!

Anyhow, hope you enjoy this installment of the Brexit Clown Show, since it is likely to be the last you'll hear about it here in the FSoA until the Goblins come out in the Walmart costume aisle in October.  The Brits however are likely to be further inundated with a daily dose of crap they are already completely fed up with.  It's kind of like getting the same Tweet from Trumpovetsky over and over again for 2 years.

Tangentially, we also discussed the situation with Julian Assange and the possible extradition to the FSoA, or maybe to Sweden if they dredge up the rape charges again.  On the scale of places I would want to be extradited to though, Sweden definitely gets the nod as first choice over the FSoA.

We'll move on here on the Diner next week to the practical subject of setting yourself up for resiliency when SHTF Day arrives on the shores of the FSoA, Canada and the rest of the English Speaking countries that tend to dominate the Diner in readership.  After that, who knows?  The Collapse Landscape changes on a Daily basis these days.

Knarf plays the Doomer Blues

https://image.freepik.com/free-icon/musical-notes-symbols_318-29778.jpg

Support the Diner
Search the Diner
Surveys & Podcasts

NEW SURVEY

Renewable Energy

VISIT AND FOLLOW US ON DINER SOUNDCLOUD

" As a daily reader of all of the doomsday blogs, e.g. the Diner, Nature Bats Last, Zerohedge, Scribbler, etc… I must say that I most look forward to your “off the microphone” rants. Your analysis, insights, and conclusions are always logical, well supported, and clearly articulated – a trifecta not frequently achieved."- Joe D
Archives
Global Diners

View Full Diner Stats

Global Population Stats

Enter a Country Name for full Population & Demographic Statistics

Lake Mead Watch

http://si.wsj.net/public/resources/images/NA-BX686_LakeMe_G_20130816175615.jpg

loading

Inside the Diner

https://slate.com/business/2019/06/student-debt-forgiveness-no-one-knows-what-it-would-cost.htmlNobody Actually Knows What Forgiving Everyone’s Student Debt Would CostBy Jordan WeissmannJune 25, 201911:58 AM[img]htt...

Since the Cat is Out of the Bag on the Doomstead Diner Micro-Food Truck, I decided to accelerate the timeline here on getting underway and did my first "al fresco" cook for my Community yesterday.  The dish served up was ...

https://www.commondreams.org/views/2019/06/21/brief-history-us-concentration-campsA Brief History of US Concentration CampsThere is...

How does standing up for the National Anthem in movie halls prove our patriotism?“There is no flag l...

More Americans want a robust social safety net than you might think. Donald Trump, Fox News, and Republicans in Congress label proposals they disagree with “fringe,” “radical,” or “socialist.” Well, let’s see where the American people actually ...

Recent Facebook Posts

How to set up and make a FaceTime call from your Mac, and chat with up to 32 people at once

From Business Insider:

1 hour ago

Page Not Found - Business Insider

From Business Insider:

1 hour ago

13 celebrities who donated their time and money to fight for immigrant rights

From Business Insider:

1 hour ago

USDA Under Trump Hides Studies Proving Effects of Climate Change: Report

The Trump administration has refused to publicize dozens of studies conducted by the U.S. Department of Agriculture that conclude climate change..

2 hours ago

Permafrost Collapses 70 Years Early | Dissident Voice

Permafrost Collapses 70 Years Early-Fasten your seat belt! Global warming is on a rampage.

2 hours ago

Diner Twitter feed

Knarf’s Knewz

How does standing up for the National Anthem in mo [...]

More Americans want a robust social safety net tha [...]

Consumers’ efforts to be eco-friendly go to waste [...]

Diner Newz Feeds
  • Surly
  • Agelbert
  • Knarf
  • Golden Oxen
  • Frostbite Falls

Doomstead Diner Daily June 25The Diner Daily is av [...]

Doomstead Diner Daily June 24The Diner Daily is av [...]

Quote from: Surly1 on June 23, 2019, 07:35:17 PMI [...]

Quote from: Surly1 on June 23, 2019, 07:07:08 PMTh [...]

Quote from: Eddie on June 23, 2019, 08:42:30 AMQuo [...]

Quote from: UnhingedBecauseLucid on March 18, 2019 [...]

CleanTechnicaSupport CleanTechnica’s work via dona [...]

QuoteThe FACT that the current incredibly STUPID e [...]

How does standing up for the National Anthem in mo [...]

More Americans want a robust social safety net tha [...]

Consumers’ efforts to be eco-friendly go to waste [...]

In November 2018, a 66-year-old man named Tommy Th [...]

Dear Readers, Things in Venezuela are getting mess [...]

Quote from: Golden Oxen on April 27, 2019, 01:49:4 [...]

Quote from: Eddie on April 25, 2019, 09:09:46 AMQu [...]

Quote from: Eddie on June 23, 2019, 07:06:14 AMYou [...]

You're gonna have to hire an assistant for th [...]

Go to Global Collapse Issues to read more or subsc [...]

Alternate Perspectives
  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

The Brainwashing of a Nation by Daniel Greenfield via Sultan Knish blog Image by ElisaRiva from Pixa [...]

A Window Into Our World By Cognitive Dissonance   Every year during the early spring awakening I qui [...]

Deaf, Dumb and Blind Who Is Better at Conceding They Are Wrong - Conservative or Liberal Extremists? [...]

The Apology: From baby boomers to the handicapped generations. by David Holmgren Re-posted from Holm [...]

Society Is Made Of Narrative. Realizing This Is Awakening From The Matrix. By Caitlin Johnstone Orig [...]

Event Update For 2019-06-23http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-22http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-21http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-20http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2019-06-19http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

With fusion energy perpetually 20 years away we now also perpetually have [fill in the blank] years [...]

My mea culpa for having inadvertently neglected FF2F for so long, and an update on the upcoming post [...]

NYC plans to undertake the swindle of the civilisation by suing the companies that have enabled it t [...]

MbS, the personification of the age-old pre-revolutionary scenario in which an expiring regime attem [...]

Daily Doom Photo

man-watching-tv

Sustainability
  • Peak Surfer
  • SUN
  • Transition Voice

Riding the Whale’s Tail"Our biological and cultural blinders are equal in every way to those worn by Material Evangeli [...]

Carbon in the Dale"Rather than put back the coal mines, we should seriously think about putting back the forests. [...]

Farewell to the Fishes"Ninety percent of the world’s marine fish stocks are now fully exploited, overexploited or dep [...]

Climate Change Reversal at Whole Village"During the burn people were taken around the farm to see the 40,000+ trees we have planted, ou [...]

Pitching Seaweed Straws"Kelp-based straws will beat the price of paper straw competitors later this year and could und [...]

The folks at Windward have been doing great work at living sustainably for many years now.  Part of [...]

 The Daily SUN☼ Building a Better Tomorrow by Sustaining Universal Needs April 3, 2017 Powering Down [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

Why has it taken so long for the climate movement to accomplish so little? And how can we do better [...]

To fight climate change, you need to get the world off of fossil fuels. And to do that, you need to [...]

Americans are good on the "thoughts and prayers" thing. Also not so bad about digging in f [...]

In the echo-sphere of political punditry consensus forms rapidly, gels, and then, in short order…cal [...]

Discussions with figures from Noam Chomsky and Peter Senge to Thich Nhat Hanh and the Dalai Lama off [...]

Top Commentariats
  • Our Finite World
  • Economic Undertow

As a rule of thumb, I'm allowing for a superficial status quo 2019-2025 - in reality eroding an [...]

Apart from the ever-growing domination of giant agri-business and the elimination of mixed medium-sc [...]

I discovered this in my private 'models: I tried to be very pessimistic, but in retrospect I ca [...]

They appear to have omitted to test the healthiest diet of all. This is a diet: a) High in saturated [...]

Hi Steve. I recently found what I believe is a little gem, and I'm quite confident you'd a [...]

The Federal Reserve is thinking about capping yields? I don't know how long TPTB can keep this [...]

As some one who has spent years trying to figure out what the limits to growth are. let me say that [...]

Peak oil definitely happened for gods sake. Just because it isn't mad max right now is no indic [...]

@Volvo - KMO says he made some life choices he regrets. Not sure what they were. And I don't th [...]

RE Economics

Going Cashless

Off the keyboard of RE Follow us on Twitter @doomstead666...

Simplifying the Final Countdown

Off the keyboard of RE Follow us on Twitter @doomstead666...

Bond Market Collapse and the Banning of Cash

Off the microphone of RE Follow us on Twitter @doomstead666...

Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

Off the Keyboard of RE Follow us on Twitter @doomstead666...

Kurrency Kollapse: To Print or Not To Print?

Off the microphone of RE Follow us on Twitter @doomstead666...

SWISSIE CAPITULATION!

Off the microphone of RE Follow us on Twitter @doomstead666...

Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

Off the keyboard of RE Follow us on Twitter @doomstead666...

Merry Doomy Christmas

Off the keyboard of RE Follow us on Twitter @doomstead666...

Peak Customers: The Final Liquidation Sale

Off the keyboard of RE Follow us on Twitter @doomstead666...

Collapse Fiction
Useful Links
Technical Journals

The South Atlantic Ocean is currently undergoing significant alterations due to climate change. This [...]

This paper assessed the variability and projected trends of solar irradiance and temperature in the [...]

Following the impact of droughts witnessed during the last decade there is an urgent need to develop [...]

A “nadir-only” framework of the radiometric intercomparison of multispectral sensors usi [...]

A fuzzy random conditional value-at-risk-based linear programming (FCVLP) model was proposed in this [...]

Follow on our http://www.doomsteaddiner.net/forum/