Will Great Britain leave the EU?

**chico2663** · 06-27-16, 06:28 PM

This is a guy that I follow and am facebook friends with. He is from g.b but lives in spain and has propery and businesses in philippines. He is an engineer that goes home to great br. to work 6 months a year

**grease lightnin** · 06-27-16, 06:32 PM

Jim Cramer said today that the brexit was the dumbest financial decision he can ever recall, a genuine Humpty Dumpty mistake.... lol

**Russian Rocket** · 06-27-16, 06:43 PM

Originally posted by grease lightnin

Jim Cramer said today that the brexit was the dumbest financial decision he can ever recall, a genuine Humpty Dumpty mistake.... lol

In March of 2008 Jimbo said that the Bear Sterns was a sound bank...and people shouldn't pull their money out of that company.

3 weeks later they went belly-up

**grease lightnin** · 06-27-16, 06:45 PM

Originally posted by Russian Rocket

In March of 2008 Jimbo said that the Bear Sterns was a sound bank...and people shouldn't pull their money out of that company.

3 weeks later they went belly-up

Yea dude, I realize Jim is not always right as no one is. But look up his resume'. It speaks for itself.

**grease lightnin** · 06-27-16, 06:48 PM

And just like Jim said in the video "they are likely to be taken over". They were by JPM.

**Russian Rocket** · 06-27-16, 06:48 PM

Originally posted by grease lightnin

Yea dude, I realize Jim is not always right as no one is. But look up his resume'. It speaks for itself.

yeah he's got a good resume...I also read a few of his books. The guy makes a ton of good calls, but he was also wrong on a few big events.

**Russian Rocket** · 06-27-16, 06:51 PM

Originally posted by grease lightnin

And just like Jim said in the video "they are likely to be taken over". They were by JPMC.

at $2 a share, that was later raised to $10?

That's not a take over...more like a fire sale.

**packerd_00** · 06-27-16, 06:57 PM

Originally posted by Russian Rocket

In March of 2008 Jimbo said that the Bear Sterns was a sound bank...and people shouldn't pull their money out of that company.

3 weeks later they went belly-up

I take what these clowns say with a grain of salt.

**grease lightnin** · 06-27-16, 07:02 PM

Originally posted by Russian Rocket

at $2 a share, that was later raised to $10?

That's not a take over...more like a fire sale.

The guy was not asking if he should sell bear stears stock. He said he was worried about liquidity and whether he should pull his money out ot their bank or brokerage. Jim's advice was correct.

**grease lightnin** · 06-27-16, 07:04 PM

Originally posted by packerd_00

I take what these clowns say with a grain of salt.

That much is obvious. Congrats on the results.

**packerd_00** · 06-27-16, 07:16 PM

Originally posted by grease lightnin

That much is obvious. Congrats on the results.

Whats obvious is you buying everything your told,Rocket just buried your guy and left you with egg on your face.

**grease lightnin** · 06-27-16, 07:17 PM

Originally posted by packerd_00

Whats obvious is you buying everything your told,Rocket just buried your guy and left you with egg on your face.

Um no. Read the posts.

**Russian Rocket** · 06-27-16, 07:18 PM

Originally posted by grease lightnin

The guy was not asking if he should sell bear stears stock. He said he was worried about liquidity and whether he should pull his money out ot their bank or brokerage. Jim's advice was correct.

Bear Stearns’ failure was due to a run on liquidity, not capital...Cramer was clueless and 100% in the wrong here.
The bank failed in part when many lenders, concerned that the firm would suffer greater losses in the future, stopped providing funding to the firm, even on a fully-secured basis with high quality assets provided as collateral.

Also the guy was just asking if he should get his money out of there...which could mean simply selling his shares.

**packerd_00** · 06-27-16, 07:22 PM

Originally posted by grease lightnin

Um no. Read the posts.

I read the posts,you were trying to be funny,you got shown up, and then tried to save face.

**grease lightnin** · 06-27-16, 07:24 PM

Originally posted by Russian Rocket

Bear Stearns’ failure was due to a run on liquidity, not capital...Cramer was clueless and 100% in the wrong here.

Also the guy was just asking if he should get his money out of there...which could mean simply selling his shares.

All due respect, RR, but you are incorrect. The guy asked about liquidity which means he had assets in an acct that he was concerned about being able to withdraw. Find me one case of someone not withdrawing their funds from a bear stearns acct due to the firm failing. I assure you that you cannot. JPM made good on all accts.

**grease lightnin** · 06-27-16, 07:28 PM

Originally posted by packerd_00

I read the posts,you were trying to be funny,you got shown up, and were trying to face.

Yea well learn to read then. I know you would love to see egg on my face but I am right about this and I am right about your country's latest blunder. The UK wants a return to glory days but unfortunately they voted to ensure their mire in mediocrity and stagnation

**packerd_00** · 06-27-16, 07:31 PM

Originally posted by chico2663

This is a guy that I follow and am facebook friends with. He is from g.b but lives in spain and has propery and businesses in philippines. He is an engineer that goes home to great br. to work 6 months a year

He doesn't get whats going on with the Open Border mate.

**Russian Rocket** · 06-27-16, 07:31 PM

Originally posted by grease lightnin

All due respect, RR, but you are incorrect. The guy asked about liquidity which means he had assets in an acct that he was concerned about being able to withdraw. Find me one case of someone not withdrawing their funds from a bear stearns acct due to the firm failing. I assure you that you cannot. JPM made good on all accts.

I guess you can interpret this in a few different ways. My understanding was that they guy wants to pull money out his Bear Stearns stock. People generally call this show to get an advice on whether they should buy/sell/hold shares.

The first part of the question was: "Should I be worried about liquidity"? And the answer to that question is YES, because that's what ultimately brought the bank down.

I'm not disputing that if he was just talking about a physical cash on his acct, then he definitely got lucky with JPM takeover.

**grease lightnin** · 06-27-16, 07:35 PM

Originally posted by Russian Rocket

I guess you can interpret this in a few different ways. My understanding was that they guy wants to pull money out his Bear Stearns stock. People generally call this show to get an advice on whether they should buy/sell/hold shares.

The first part of the question was: "Should I be worried about liquidity"? And the answer to that question is YES, because that's what ultimately brought the bank down.

I'm not disputing that if he was just talking about a physical cash on his acct, then he definitely got lucky with JPM takeover.

"Should I pull my money out of bear stearns because I am worried about liquidity" definitley means he is worried about assets he has in a bear stearns account that he is worried about being able to withdraw in the event the firm fails. For sure.

**packerd_00** · 06-27-16, 07:39 PM

Originally posted by grease lightnin

Yea well learn to read then. I know you would love to see egg on my face but I am right about this and I am right about your country's latest blunder. The UK wants a return to glory days but unfortunately they voted to ensure their mire in mediocrity and stagnation

Greaser you aren't some financial wizard,so calm down. We couldn't have made it any clearer why we voted Leave,your just worried about your bottom line,I know what your deal is.

**grease lightnin** · 06-27-16, 07:44 PM

I am worried about everyone's bottom line bra

**packerd_00** · 06-27-16, 07:47 PM

Im sure people thought the world would end when the World Trade Center was hit,but things worked out in the end

**grease lightnin** · 06-27-16, 07:50 PM

I am NOT worried that the world is going to end. It's just a a pain in my ass

**Russian Rocket** · 06-27-16, 07:52 PM

Originally posted by grease lightnin

"Should I pull my money out of bear stearns because I am worried about liquidity" definitley means he is worried about assets he has in a bear stearns account that he is worried about being able to withdraw in the event the firm fails. For sure.

I don't know man...a lot of people seem to agree with me on this one.

Dividend.com

http://www.dividend.com/how-to-invest/10-hilariously-wrong-bullbear-calls/

We highlight 10 bull or bear stock market predictions that went hilariously wrong.

The Top Ten Worst Moments of Jim Cramer's Career

http://www.davemanuel.com/2009/03/12/the-top-ten-worst-moments-of-jim-cramers-career/

Jim Cramer has been a lightning rod of controversy for years now. I have compiled a list of some of the biggest news stories involving Jim Cramer from the past ten years.

A ton of sites are calling it a worst call in JC's career.

**chico2663** · 06-27-16, 07:53 PM

Originally posted by packerd_00

He doesn't get whats going on with the Open Border mate.

He says a lot of those people coming there are 3rd generation pakistani's. Don't you have to accept them? He is from there and very prosperous. He blames things on the govt not working for the people.

**packerd_00** · 06-27-16, 07:55 PM

Originally posted by grease lightnin

I am NOT worried that the world is going to end. It's just a a pain in my ass

The EU was pushing for this,they keep adding these countries that cant look after themselves,they want to add Albania and Turkey next,thats a terrible idea.

**grease lightnin** · 06-27-16, 07:57 PM

Originally posted by Russian Rocket

I don't know man... a lot of people seem to agree with me on this one.

Dividend.com

http://www.dividend.com/how-to-invest/10-hilariously-wrong-bullbear-calls/

We highlight 10 bull or bear stock market predictions that went hilariously wrong.

The Top Ten Worst Moments of Jim Cramer's Career

http://www.davemanuel.com/2009/03/12/the-top-ten-worst-moments-of-jim-cramers-career/

Jim Cramer has been a lightning rod of controversy for years now. I have compiled a list of some of the biggest news stories involving Jim Cramer from the past ten years.

A ton of sites are calling it a worst call in JC's career.

Don't believe everything you read. Lol

If you were having a beer with JC and asked him about that call, he would say exactly what I did. Trust me.

**packerd_00** · 06-27-16, 08:07 PM

Originally posted by chico2663

He says a lot of those people coming there are 3rd generation pakistani's. Don't you have to accept them? He is from there and very prosperous. He blames things on the govt not working for the people.

We do but a lot of them are fresh of the boat aswell mate,not just third generation. Your mates wealthy like you said so he probably doesn't see what a lot of these people do,Tommy Robinson for example he gets it because he's experienced it first hand.

The govt hasn't worked for the people that is true.

**ACoochy** · 06-27-16, 08:35 PM

Take heart Packerd...

Yeah your economy is soon to be in the toilet and you lot can't play soccer to save yourselves but at least your Rugby Union team is dominating at present...

**packerd_00** · 06-27-16, 08:44 PM

Originally posted by ACoochy

Take heart Packerd...

Yeah your economy is soon to be in the toilet and you lot can't play soccer to save yourselves but at least your Rugby Union team is dominating at present...

That's true enough eh,we just won the Six Nations

**ACoochy** · 06-27-16, 08:49 PM

Originally posted by packerd_00

That's true enough eh,we just won the Six Nations

And clean sweeped us Aussies AT HOME using a ex wallabies coach

Trust me, that's going to sting the heart of the Australian Rugby Union fraternity for a eternity...

**packerd_00** · 06-27-16, 09:09 PM

Originally posted by ACoochy

And clean sweeped us Aussies AT HOME using a ex wallabies coach

Trust me, that's going to sting the heart of the Australian Rugby Union fraternity for a eternity...

And you guys are one of the best Rugby nations in the World. You still got Surfing.

**Dr.Gonzo** · 06-27-16, 11:16 PM

Originally posted by grease lightnin

Yea dude, I realize Jim is not always right as no one is. But look up his resume'. It speaks for itself.

Exposed.

Jim Cramer is a clown, Wall Street and traders love him because he is entertaining, no one takes anything he says seriously.

**Dr.Gonzo** · 06-27-16, 11:57 PM

Originally posted by khicks26

Many on the left were in favor of the UK leaving. Steve Keen, Michael Hudson, Thom Hartman, Paul Craig Roberts to name a few.

This is more than just about Muslim expansion, which wouldn't even be a problem if the US wasn't causing wars all over the Middle East.

Its also about people being fed up with neoliberal economics & bad trade deals which many on the right are in favor of. Including many of the right wing nut bags that post in this forum (Brooks85) So many like Trump don't have a fuking clue what they are talking about.

Its also about breaking up the EU, NATO & the US not being able to control European countries & force austerity measures. Its about trying to control Russia & China. Many in the US & many on the right don't know that the brexit works against much of the REP & DEM polices & US hegemony.

Funny how all the Trump clowns think this is a good thing just because of Trump & immigration. Trump don't even know what he's talking about.

The left was quick to attack Labour voters who chose to leave and side with international bankers, aren't you a little embarrassed about this?

The left hasn't cared about the concerns of working class folk in a long time.

**khicks26** · 06-28-16, 12:24 AM

Originally posted by grease lightnin

No, he just said it was all a result of NATO policy and in turn, US policy. And he said EU countries want to deficit spend.... he did not say that this was all good. If he did, I missed it.

But the markets don't think it is a good thing and I put a lot more weight on what the markwts think than some professor from Mizzou

What he is saying is that the UK is withdrawing from the austerity measures of the EU & US. Which are pro corporate, anti-labor & come with trade deals like the TTIP. Did you see what happened in Greece, thats the future of European countries if the EU & NATO stay together. It will be run by corporations, banks & the elites in the US & Brussels.

The UK leaving could be the first domino in the whole thing falling apart, counties having their own money (not the Euro) & deficit spend into their own economies. All those countries under one currency & one central bank makes them easy to control. Which means working people get screwed.

The market will bounce back when the shit dies down.