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

Quote from: moniker on Today at 10:14:55 AMThanks for posting the link. I am interrupting my re-reading of this because last year for several months my commute included taking the D train from Manhattan to Brooklyn, unf...

Quote from: RE on January 19, 2020, 07:23:21 PMQuote from: moniker on January 19, 2020, 06:42:37 PMQuote from: RE on January 19, 2020, 06:22:44 PM[quote author=moniker link=topic=1...

These guys aren't from ANY privilege, imho. They are the remains of the white labor class, now largely made redundant. They  used to build things and make things (as long as somebody else hired them and trained them and paid them)  but now they're more...

Quote from: Surly1 on Today at 07:59:44 AMQuote from: RE on Today at 03:59:12 AMQuote from: Surly1 on Today at 01:58:52 AMThey will be the priests and sh...

[img]https://scontent.forf1-1.fna.fbcdn.net/v/t1.0-9/82956543_2241683542802169_1537432072438677504_n.jpg?_nc_cat=103&_nc_eui2=AeGE9IYxteWVaq3MAigwOVA1ciSsnsTzfi40dvYWcCZk5of8wfVWkquENQ9U7eU4kfUZHreq2_MVtSLxxCeAbANitFZVA-zHa72fX4r9eawxfg&_nc_ohc=nanp3qq...

Recent Facebook Posts
Diner Twitter feed

Knarf’s Knewz

WASHINGTON (Reuters) - U.S. firearms makers will b [...]

MOSCOW (AP) — Russia’s Vladimir Putin and China’s [...]

Paris' Louvre Museum has closed down as prote [...]

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

Quote from: Surly1 on Today at 01:34:44 AMQuote fr [...]

Doomstead Diner Daily January 20The Diner Daily is [...]

Richmond braces for giant gun rights rally on Mond [...]

Quote from: Eddie on January 19, 2020, 09:59:58 AM [...]

Quote from: Surly1 on January 19, 2020, 05:20:11 A [...]

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

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

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

WASHINGTON (Reuters) - U.S. firearms makers will b [...]

MOSCOW (AP) — Russia’s Vladimir Putin and China’s [...]

Paris' Louvre Museum has closed down as prote [...]

Scientists have unlocked the power of gold atoms b [...]

Quote from: azozeo on August 14, 2019, 10:41:33 AM [...]

Wisconsin Bill Would Remove Barrier to Using Gold, [...]

Under extreme conditions, gold rearranges its atom [...]

The cost of gold futures on the Comex exchange inc [...]

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

The Decline and Fall of Civil Society Chapter One By Cognitive Dissonance     From my perspective at [...]

Missing In Action By Cognitive Dissonance     As a very young pup, whenever I was overdue and not ho [...]

Politicians’ Privilege By Cognitive Dissonance     Imagine for a moment you work for a small or medi [...]

Shaking the August Stick By Cognitive Dissonance     Sometime towards the end of the third or fourth [...]

Empire in Decline - Propaganda and the American Myth By Cognitive Dissonance     “Oh, what a tangled [...]

Event Update For 2020-01-18http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-01-17http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-01-16http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-01-15http://jumpingjackflashhypothesis.blogspot.com/2012/02/jumping-jack-flash-hypothesis-its-gas.htmlThe [...]

Event Update For 2020-01-14http://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

Thugs and Circuses: President Cobblepot's Season Finale"As the world watches, our circus moves to the floor of the Senate next week, pitting a real-es [...]

John Wayne squares off against Jim Hansen"Being a good climate scientist doesn’t automatically give you a doctorate in health physics. [...]

Detoxing Capitalism"Capitalism is a system used by sunflowers and salamanders. But sunflowers and salamanders are [...]

Climate Games"We should feel fortunate to have arrived at such a moment and to have witnessed the peak, all [...]

Our Genetic Timebomb"The yaksha asked: “What is the greatest surprise?” Yudhisthira replied: “People die every day, [...]

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 [...]

What extinction crisis? Believe it or not, there are still climate science deniers out there. And th [...]

My new book, Abolish Oil Now, will talk about why the climate movement has failed and what we can do [...]

A new climate protest movement out of the UK has taken Europe by storm and made governments sit down [...]

The success of Apollo 11 flipped the American public from skeptics to fans. The climate movement nee [...]

Today's movement to abolish fossil fuels can learn from two different paths that the British an [...]

Top Commentariats
  • Our Finite World
  • Economic Undertow

"Low interest rates seem to go with collapses." Gail, long term we have not had collapse, [...]

"Chinese authorities confirmed on Monday (Jan. 20) that an outbreak of a new pneumonia-like ill [...]

Oh, but Europe is so Green Clean (TM)! Can this really be happening? Were we just smothering the wor [...]

"Malaysia has sent back 150 containers of plastic waste to 13 mainly rich countries, including [...]

I don't believe what they're saying. "3: The Fed has yet to address the "demand [...]

Can't help checking out ZH every now and then. Here is the penultimate paragraph in an article [...]

Let's abolish the Fed. Banks cover their own ass in the repo market. Frackers fail unless oil p [...]

Has the repo situation really resolved? I followed the link to the Martens' article. It seemed [...]

Oops...I meant capable but not really talented about my drumming. [...]

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

Adapting our cities to the new climate regime is critical to ensure that human development is not je [...]

Air temperature, both cold and hot, has impacts on mortality and morbidities, which are exacerbated [...]

The prospect of an ice-free Arctic in our near future due to the rapid and accelerated Arctic sea ic [...]

The North Atlantic Oscillation (NAO), a basic variability mode in the Northern Hemisphere, undergoes [...]

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