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Re:Finland freezes arms export permits to Saudi Arabia and U... by GordonS on Friday November 23, 2018 @08:40AM (#18516321)
Meanwhile in the UK, our leaders remain ever unscrupulous[1]. The UK is the 2nd biggest exporter of arma to Saudi, selling £1.1 billion (~$1.4 billion) of military goods in 2017.

Why do we keep selling weapons to such a repressive regime? £1 billion is not that much in the greater scheme of things - so what's the bigger picture that could possible justify the UKs actions?

[1] https://www.theguardian.com/world/2018/jun/23/uk-hides-arms-...

Re:Finland freezes arms export permits to Saudi Arabia and U... by theslurmmustflo on Friday November 23, 2018 @09:49AM (#18516681)
I recommend watching the Adam Curtis documentary Bitter Lake (can be found on YouTube). It explains how the currrent Anglo American relationship with the kingdom of saud started almost immediately post ww2, why it won’t be going away any time soon, and all the blowback it has caused.
Re:Finland freezes arms export permits to Saudi Arabia and U... by ljf on Friday November 23, 2018 @10:27AM (#18516925)
In the UK it can still be seen on iplayer: https://www.bbc.co.uk/iplayer/episode/p02gyz6b/adam-curtis-b...

(As with the equally amazing Hypernormalisation: https://www.bbc.co.uk/iplayer/episode/p04b183c/adam-curtis-h... )

Re:Finland freezes arms export permits to Saudi Arabia and U... by liftbigweights on Friday November 23, 2018 @11:02AM (#18517167)
The british relationship with the kingdom of saud predates ww2 by decades going back to the ottoman empire. The british were instrumental in supporting saudi and arab nationalism to destroy the ottoman empire. Hence the tense relationship between "britain and turkey" and "saudi arabia and turkey" today.

Actually british have a long history of using nationalism to destroy the ottoman empire. Some of the foremost british romantic poets supported greek nationalism to free greece from the ottoman empire.

Interestingly enough, 40 years after nationalism destroyed the ottoman empire, nationalism would destroy the british empire.

Re:Finland freezes arms export permits to Saudi Arabia and U... by krastanov on Friday November 23, 2018 @11:49AM (#18517479)
Is it fair to call it "nationalism" though. That word has a bit too many meanings, but universally it includes the idea of doing something on your own in a selfish fashion. The desire to be independent from an oppressive regime is orthogonal to nationalism.

I am saying this as a Bulgarian citizen, one of the beneficiaries of the fall of the Ottoman empire (the Ottoman government was very oppressive to my people for centuries up until 150 years ago). It is not selfish nationalism that liberated us, it was the desire to stop being abused by a conqueror.

Re:Finland freezes arms export permits to Saudi Arabia and U... by danans on Friday November 23, 2018 @12:38PM (#18517816)
> The british were instrumental in supporting saudi and arab nationalism

The Saud family didn't overthrow the Ottomans with the British. That was done the Hashemites, under King Faisal, and of course T.E. Lawrence (whose story was told in his own memoir, and later in David Lean's epic film Lawrence of Arabia).

In the subsequent post-WWI, post-Ottoman chaos, the Sauds conquered Mecca from the Hashemites, and established modern "Saudi" Arabia.

The Hashemites fled and established what is now the modern country of Jordan, which they rule today.

Re:Finland freezes arms export permits to Saudi Arabia and U... by igravious on Friday November 23, 2018 @01:27PM (#18518077)
I just got John J. Mearsheimer's new book (hot off the presses!) called “The Great Delusion”. He argues that from a strictly Western political perspective there are only three forces which control the interplay of great powers: Liberalism, Nationalism, and Realism.

He says that Nationalism and Realism always trump Liberalism. (From his perspective both neo-liberals and neo-cons are Liberal in that to the public at least they espouse bringing freedom and democracy to the peoples of the world even if it is at the business end of a gun.)

He drives home his point that nationalism has "won" by pointing out that most states are now nation-states whereas 200 years ago that most certainly was not the case. (Not all nations have their own state.) National identity is complicated but it explains all sorts of conflicts in the last 100 years.

It is political irony, as you say, that the forces the Brits used to topple their enemies also toppled them. But I think we must realise that the nationalism was there before the Brits decided to use it for their Machiavellian purposes. It is Afghan nationalism that has made Afghanistan the graveyard of empires. It was Irish nationalism (dressed up as Republicanism) that finally broke the Union of Great Britain and Ireland, and as a consequence has made Brexit orders of magnitude more intractable.

You could go further and point out that by nationalism is meant National Identity. So it is social identity in one of its many powerful guises that has shaped the last 200 years. The other being religious identity of course: (internecine – Roman Catholicism versus Protestantism and Shia versus Sunni; interfaith – Christianity versus Islam).

This suggests that the rules-based international order is not going to contain China because China has a national identity going back millennia. The key geopolitical question of this generation (the years to 2049) is whether the US and China come into direct conflict because of China's rise. I'm a rational optimist so I say "no" but I wouldn't put money on it. :/

Re:Finland freezes arms export permits to Saudi Arabia and U... by chrissam on Friday November 23, 2018 @09:48AM (#18516678)
> Why do we keep selling weapons to such a repressive regime?

Realpolitik.

The US (and UK, I guess) are closely allied to the Saudis in order to counteract Iranian influence in the region. The theory is that the world will be in better shape if the Saudis have a military capable of deterring Iran.

It's a theory -- I don't know if it's correct, but it seems at least plausible.

Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @10:24AM (#18516901)
It’s sad, because it sure seems like the Iranians would make far better allies for us.
Re:Finland freezes arms export permits to Saudi Arabia and U... by justaaron on Friday November 23, 2018 @10:40AM (#18517015)
Indeed.

But of course, how many UK and American citizens know the history of Iran, our role in overthrowing the democratically elected Mossadegh, who rightfully wanted to nationalize their oil (the obvious source of the Occidents umbrage too...) and our installation of the repressive Shah Pahlavi regime that led to the Iranian revolution of 1979 that initially featured students and workers and such, but later turned into a purge, as most revolutions do, in which the powerful theocrats basically seized the nation, and thus bringing us into the modern era and the detente with Iran that still makes no sense.

Contrast this with the constant support of the various Hashemite kings directly since Trans-Jordan and Syria-Palestina were handed over... basically we set up satrapies in the wake of seizing the Ottoman empire and not being able to manage it ourselves...

Re:Finland freezes arms export permits to Saudi Arabia and U... by reitanqild on Friday November 23, 2018 @10:39AM (#18517008)
If they haden't been so determined to wipe out (their words) the only working democracy in the region and the only country in the region that doesn't from time to time persecute Jews, maybe? (This is not a defense for everything Israel does, but an observation of the fact that it is considered a working democracy and it is the only country in the region that can be said to be safe for Jews to live in.)
Re:Finland freezes arms export permits to Saudi Arabia and U... by lostlogin on Friday November 23, 2018 @12:18PM (#18517679)
This is misleading. Look what happened to Iran when they tried democracy. The west ruined it. We can’t have it both ways. Western meddling has caused way too much harm in the region, and it shows no sign of stopping.
Re:Finland freezes arms export permits to Saudi Arabia and U... by reitanqild on Friday November 23, 2018 @02:04PM (#18518275)
I'm in no way defending the meddling with Iran. I'm just pointing out the situation now.
Re:Finland freezes arms export permits to Saudi Arabia and U... by GordonS on Friday November 23, 2018 @03:43PM (#18518808)
I actually went to Tehran in 2000 (oil & gas industry related trip), and it wasn't a bit like the anti-Iran propaganda machine would have had me believe - everyone I met was really friendly, and nobody seemed particularly conservative or over-zealous in their religious views. On top of that, the food was incredible, and lots of people even spoke great English!

Iran is also home to many historical sites - if politics were different, it would likely be a popular tourist destination.

Re:Finland freezes arms export permits to Saudi Arabia and U... by Koshkin on Friday November 23, 2018 @10:56AM (#18517129)
Well, isn't Iran "the biggest sponsor of terrorism"? While the Saudi Arabia is "the greatest ally" of the West in fighting it?
Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @11:10AM (#18517219)
That’s the rationale. Of course, the Saudis do a lot to promote terrorism themselves.
Re:Finland freezes arms export permits to Saudi Arabia and U... by thwyanony11122 on Friday November 23, 2018 @11:18AM (#18517284)
Calling Iran the biggest sponsor of terrorism is gaslighting at best. The proof is in the pudding with Kingdom of Saudi Barbaria funding 90% of mosques around the world with their hardline Wahhabism, Salafism, and Deobandism[1][2].

15 of the 19 hijackers who blew up a city block were citizens of our ally, Saudi Barbaria. When the King was confronted over the attacks, he blamed the Israeli Mossad. Iran has never touched American soil, ever. So calling Iran the biggest sponsor of terrorism is gaslighting at best.

[1]https://en.wikipedia.org/wiki/Wahhabism#Funding_factor

[2]https://en.wikipedia.org/wiki/Deobandi#Presence

>Estimates of Saudi spending on religious causes abroad include "upward of $100 billion";[318] between $2 and 3 billion per year since 1975 (compared to the annual Soviet propaganda budget of $1 billion/year);[319] and "at least $87 billion" from 1987–2007.[320]

Re:Finland freezes arms export permits to Saudi Arabia and U... by prolikewh0a on Friday November 23, 2018 @11:26AM (#18517354)
The total opposite, even though big media likes to say otherwise. Iran is fairly benign, but Israel has beef with them. There is a lot of propaganda over Iran. I feel like it's probably the next one-sided big war.
Re:Finland freezes arms export permits to Saudi Arabia and U... by ionised on Friday November 23, 2018 @11:41AM (#18517434)
That's all lies.

Whenever the US issues a statement on Iran, it is best to just assume it's total agenda-driven bullshit.

Re:Finland freezes arms export permits to Saudi Arabia and U... by ReptileMan on Friday November 23, 2018 @10:39AM (#18517013)
They "only" need to topple the current teocracy and put secular government in place while not turning into failed state. With Iran military being the second largest military in Iran after the revolutionary guard that is next to impossible. It will lead to situation which will make Syria look enviable.

Otherwise you are right - Iran is the natueal ally in the region. And it was such until 1979.

Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @10:51AM (#18517101)
Why does Iran need to ditch their theocracy to be our ally, but Saudi Arabia gets to keep theirs?

That’s what I don’t understand. The Iranian government is a bunch of oppressive fuckheads and stands for many things we oppose... but that’s even more the case with Saudi Arabia, so we treat like kings.

Re:Finland freezes arms export permits to Saudi Arabia and U... by ReptileMan on Friday November 23, 2018 @11:00AM (#18517151)
Because their theocracy refers to US as great satan? That complicates any possible alliance a bit. I think that they may also hold grudge for US support of US' best buddy Saddam Hussein during Iran - Iraq war that cost them a nice chunk of a million lives.
Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @11:12AM (#18517243)
Would they still do that if we made friends with them?
Re:Finland freezes arms export permits to Saudi Arabia and U... by ReptileMan on Friday November 23, 2018 @11:47AM (#18517470)
That could take decades to accomplish and would require US to throw Israel under the bus. And the US would not win anything of value.
Re:Finland freezes arms export permits to Saudi Arabia and U... by GordonS on Friday November 23, 2018 @04:08PM (#18518927)
> Because their theocracy refers to US as great satan

In all honesty, the US has given Iran plenty of reasons for relations to be somewhat frosty.

In more recent times, Trump has been rather vocal against Iran with his trademark agressive Twitter 'pish' - so there's plenty of name calling on both sides, and hardly justifies the current state of affairs.

Re:Finland freezes arms export permits to Saudi Arabia and U... by Pica_soO on Friday November 23, 2018 @11:32AM (#18517401)
Saudi Arabias school book dont have nice words for america either. The 9/11 cause was that a whole generation of islamic men grew up hating infidels (russians & americans alike).

https://en.wikipedia.org/wiki/Saudi_Arabian_textbook_controv...

Re:Finland freezes arms export permits to Saudi Arabia and U... by tomp on Friday November 23, 2018 @11:13AM (#18517255)
It's all about Israel. Iran wants to destroy Israel, erase it from the map. Saudi Arabia is happy to keep its mouth shut in exchange for weapons, oil money and influence.
Re:Finland freezes arms export permits to Saudi Arabia and U... by lostlogin on Friday November 23, 2018 @12:19PM (#18517685)
Saudi doesn’t keep it’s mouth shut. It exports hatred and murder loudly, while it’s western allies keep their mouths shut or even defend them.
Re:Finland freezes arms export permits to Saudi Arabia and U... by tomohawk on Friday November 23, 2018 @11:02AM (#18517168)
This is like saying, in 1939, its sad because it sure seems like the Germans would make far better allies for us. There were plenty of people who said that, but With the Nazis in power, they were very wrong.

The Iranian government is a police state controlled by a bunch of fanatical fascists, who are one of the most successful terrorism exporting states ever. Just recently they were caught attempting to kill people in Belgium and France. And those are just the recent catches.

Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @11:10AM (#18517227)
And that’s different from the Saudis how?
Re:Finland freezes arms export permits to Saudi Arabia and U... by tomohawk on Friday November 23, 2018 @11:14AM (#18517256)
The Iranians are very aggressively attempting to take over the middle east. The Egyptians Saudis are attempting to prevent this. The battlefields today are Yemen, Syria, Iraq, Lebanon, and Palestine.
Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @11:16AM (#18517270)
What stops the Saudis from doing the same? Given current events, it looks like they are.
Re:Finland freezes arms export permits to Saudi Arabia and U... by tomohawk on Friday November 23, 2018 @11:20AM (#18517305)
Their vastly smaller population. Also, unlike Iran, they have not been talking about doing things like wiping out Isreal, etc.

Once Iran consolidates power in the areas they're operating in (Yemen, Iraq, Syria), the next obvious target is Saudi Arabia.

Re:Finland freezes arms export permits to Saudi Arabia and U... by mikeash on Friday November 23, 2018 @11:24AM (#18517346)
Back to your 1939 analogy, that sounds just like reasons for allying with the Nazis.
Re:Finland freezes arms export permits to Saudi Arabia and U... by prolikewh0a on Friday November 23, 2018 @11:30AM (#18517389)
Could you please provide sources?
Re:Finland freezes arms export permits to Saudi Arabia and U... by ryanlol on Friday November 23, 2018 @12:37PM (#18517804)
What do you need sources for? tomohawks characterization of Iran? That seems like a really strange thing to need sources for.
Re:Finland freezes arms export permits to Saudi Arabia and U... by prolikewh0a on Friday November 23, 2018 @12:50PM (#18517882)
No it doesn't. I've read manufactured consent. I understand and see the propaganda being targeted at Iran by USA, Saudi, & Israel. This is how we got into the Iraq war. I would like sources.
Re:Finland freezes arms export permits to Saudi Arabia and U... by ryanlol on Friday November 23, 2018 @05:37PM (#18519301)
Come on. Do you not read the news or are you just going to reply with "fake news" next?

Here, a source for the murder plot:

https://www.bbc.com/news/world-europe-46043404

> a police state controlled by a bunch of fanatical fascists

This is a country that regularly reaffirms its Fatwa calling for the murder of Salman Rushdie. In 2016 they even increased the bounty for his murder.

Re:Finland freezes arms export permits to Saudi Arabia and U... by prolikewh0a on Saturday November 24, 2018 @09:36AM (#18522162)
Im sorry, I just don't trust the people who got us into the Iraq war to tell us anything about foreign policy from three war monger countries being funded by US imperialism.

Iraq, libya, afghanistan, vietnam, laos, cambodia, korea, all based on lies which corporate media sold to us. That's only the tip of the iceberg too.

I am skeptical, and so should everyone else. If we aren't skeptical, we'll be going "why the heck did we do this?" in 8 years.

>This is a country that regularly reaffirms its Fatwa calling for the murder of Salman Rushdie. In 2016 they even increased the bounty for his murder.

Saudi Arabia just killed a journalist with no reprocussions, is bombing the absolute shit out of Yemen (civilians!) using US weapons and intelligence. Democracy Now! had an episode this week about Israeli, US, & Saudi targeted assassination programs.

It's easy to see that the corporate media is selling this potential war. How do you trust it?

In my opinion, the rest of the world should be stopping US, Israel, and Saudi from continuing their global terrorism programs and ending imperialism.

Re:Finland freezes arms export permits to Saudi Arabia and U... by mmjaa on Tuesday November 27, 2018 @06:57AM (#18541557)
>In my opinion, the rest of the world should be stopping US, Israel, and Saudi from continuing their global terrorism programs and ending imperialism.

You are not alone. There are many of us in the West who tire of the duplicity and arrogance of our governments actions around the world - those of us who have taken the time to actually educate ourselves about the statistics of the Wests' Coalition War Machine find ourselves nearly overwhelmed, daily, with disdain at what we so-called enlightened civilians are allowing our governments to do around the world, in our name.

Just the fact that nobody knows what's going on in Yemen at the moment (imperialist war machine out of control), but can easily name the Kardashians, is disheartening enough.

But if you ever meet refugees from countries victimised by America's illegal, heinous wars, its another thing entirely. If you don't get angry about what our war machines are doing, you're simply on the wrong side this time around.

This time, we are the bad guys.

Re:Finland freezes arms export permits to Saudi Arabia and U... by CapacitorSet on Friday November 23, 2018 @10:31AM (#18516944)
>Why do we keep selling weapons to such a repressive regime?

To a government, £1 billion and the approval of the arms industry are worth much more than a mild disapproval by the public opinion.

Re:Finland freezes arms export permits to Saudi Arabia and U... by rcMgD2BwE72F on Friday November 23, 2018 @11:14AM (#18517259)
Of the Government, by the Government, for the Government?
Re:Finland freezes arms export permits to Saudi Arabia and U... by reitanqild on Friday November 23, 2018 @10:45AM (#18517049)
> Why do we keep selling weapons to such a repressive regime?

I'm happy that the country I'm living in stopped selling to them earlier this year.

That said, if one should steelman (as we are kind of expected to do to each other here) the goverments that hasn't done it yet, -here is some rebar IMO:

boycotting them as hard as we should have done might drive them straight into the arms of Russia and China which would probably love to sell some weapons and get a new ally.

I'd love to see that argument torn down as well though.

Re:Finland freezes arms export permits to Saudi Arabia and U... by GordonS on Friday November 23, 2018 @03:46PM (#18518821)
> boycotting them as hard as we should have done might drive them straight into the arms of Russia and China which would probably love to sell some weapons and get a new ally

Personally, I'd rather take the moral high-ground here.

Re:Finland freezes arms export permits to Saudi Arabia and U... by thwyanony11122 on Friday November 23, 2018 @11:11AM (#18517238)
You cut your losses is what you do. If a relationship isn’t working, you cut your losses.
Re:Finland freezes arms export permits to Saudi Arabia and U... by onetimemanytime on Friday November 23, 2018 @01:51PM (#18518201)
I can't name a country that's a "good" country in that area. Egypt, Iran, Jordan, Yemen, Saudi Arabia, UAE, Syria, Iraq etc all are essentially dictatorships, one way or another.

Now can we agree that the West has interests over there? War is bad for energy prices. So we have to support one side. We can use leverage to push for some change but honestly, leave the Saudis and China will fill in the gap. Then you have zero leverage.

Re:Finland freezes arms export permits to Saudi Arabia and U... by vinni2 on Friday November 23, 2018 @10:57AM (#18517135)
The west has always been kissing Saudi ass. It’s just a lot of money to give up. But we as common people also have weaknesses. All the times you preferred Emirates is one example. I actively avoid any Middle Eastern airlines. Never flown Emirates.
Re:Finland freezes arms export permits to Saudi Arabia and U... by GordonS on Friday November 23, 2018 @03:49PM (#18518841)
> It’s just a lot of money to give up

I don't know the value of US arms sales, but the UK's are only around £1.1 billion, which honestly, is not that much.

Re:Finland freezes arms export permits to Saudi Arabia and U... by vinni2 on Saturday November 24, 2018 @03:00AM (#18521009)
I meant not just arms trade. I would presume other trade and investment has strings attached including arms.

https://www.ft.com/content/3149b714-2073-11e8-a895-1ba1f72c2... https://www.bbc.com/news/business-45863548

Re:Finland freezes arms export permits to Saudi Arabia and U... by Arnt on Friday November 23, 2018 @09:00AM (#18516421)
Who sells these things, and is £1b not that much for them?

There is much to be said in favour of a predictable legal regime, where producing and selling foo is legal this year if it was last year. Where producing and selling weapons is legal iff it was when the Royal Army suggested starting developing the weapons in question.

Re:Finland freezes arms export permits to Saudi Arabia and U... by nicoburns on Friday November 23, 2018 @09:42AM (#18516646)
BAE Systems is a big one. £1b is almost certainly less than the cost of the wars we have gotten ourselves into due to the trouble that people having access to these weapons has caused.

e.g. the Iraq and Afghanistan wars have cost the UK ~£20b (quickly googled). And a lot of the problems in the region seem to come from the Saudi regime which is pushing an extreme version of Islam. Selling weapons to Saudi Arabia is madness.

Re:Finland freezes arms export permits to Saudi Arabia and U... by sfifs on Friday November 23, 2018 @11:39AM (#18517429)
But a lot of those 20 billion pounds also went to enrich the arms manufacturing company owners and keeping factory workers in jobs. So cynically, it's probably a net win for the UK Government :-)

As Frederick Forsyth said in one of his novels, arms manufacturing factories once started cannot be shut down when you have outfitted your own armies - hence exports.

Re:Finland freezes arms export permits to Saudi Arabia and U... by Arnt on Sunday November 25, 2018 @06:24AM (#18526452)
That sounds too glib to be true.

Consider nuclear weapons. About eight or nine armies have that, nearly 100% made in the relevant country... those factories were started with the clear condition that they would produce for the domestic market only, they set their prices accordingly, and it worked.

What doesn't work is encouraging people to invest in arms production and later telling them they cannot export. Doing that may work, but the prohibition often fails. And fairly IMO. Those are long-term investments and it's not fair to change the rules on much shorter notice.

Re:Finland freezes arms export permits to Saudi Arabia and U... by sys_64738 on Friday November 23, 2018 @09:44AM (#18516664)
The brits probably need the hard currency given what brexit is doing to your economy. Blame the vote leavers as I’m sure if they were to remain then the brits would have an arms embargo to Saudi by now.
Re:Finland freezes arms export permits to Saudi Arabia and U... by jamiegreen on Friday November 23, 2018 @09:56AM (#18516731)
What is Brexit doing to the economy in your view? So far we seem to be experiencing wage growth, GDP growth and low inflation.
Re:Finland freezes arms export permits to Saudi Arabia and U... by justaaron on Friday November 23, 2018 @10:42AM (#18517029)
It's going to cause breadlines, but I disagree with the OP's sentiments expressed here. This money IN is smaller than our war expenses OUT, and it was always so.

Arms dealers rip off the nations populations whose governments they sell arms to.

Re:Finland freezes arms export permits to Saudi Arabia and U... by jamiegreen on Saturday November 24, 2018 @11:45AM (#18522791)
Why would it cause breadlines? Are people going to stop baking bread?
Re:Finland freezes arms export permits to Saudi Arabia and U... by growlist on Friday November 23, 2018 @12:13PM (#18517642)
> It's going to cause breadlines

Pure assertion.

Re:Finland freezes arms export permits to Saudi Arabia and U... by lostlogin on Friday November 23, 2018 @12:25PM (#18517728)
> Pure assertion.

It’s also what was asked for.

> What is Brexit doing to the economy in your view?

Re:Finland freezes arms export permits to Saudi Arabia and U... by tonyedgecombe on Friday November 23, 2018 @12:27PM (#18517745)
We did have a block of inflation move through following the devaluation of the pound. It might be low now but the prices are still higher.
Re:Finland freezes arms export permits to Saudi Arabia and U... by ptaipale on Friday November 23, 2018 @09:55AM (#18516727)
If you look at actual numbers, brexit isn't doing much to the British economy. There's plenty of doomsaying in oral and written communications, but when people and institutions put their actual money in the game, the expectation seems to be that there's going to be life as usual.
Re:Finland freezes arms export permits to Saudi Arabia and U... by lostlogin on Friday November 23, 2018 @12:23PM (#18517714)
Though it hasn’t happened yet, and there is no real plan and total disarray. It’s not a reassuring situation.
Re:Finland freezes arms export permits to Saudi Arabia and U... by ptaipale on Friday November 23, 2018 @12:47PM (#18517870)
I understand why people are distressed, because the press and other media make a lot of noise about imminent disaster. However, markets price in ahead of time any impacts that they foresee, and we can observe that

- Britain's government debt yields, e.g. 2 and 10 year bonds, remain at similar levels to pre Brexit vote, and unlike before 2016, 10-year yields are now lower than US 10-year yields

- in currencies, the GBP has remained fairly stable against EUR and USD.

I have no doubt that there will be some impact. I did not wish Brexit to happen. But I see some positive signs as well (mainly in that this forces EU leaders to sober up).

Re:Finland freezes arms export permits to Saudi Arabia and U... by sys_64738 on Friday November 23, 2018 @09:00PM (#18520002)
The Brit pound devalued by about 20% V the USA dollar. The buoyant export market is propping up the brit pound as it's cheap to export but staples like food imports have risen in price. A recent report indicated that the UK economy would have grown something like 8% more had there been no brexit.

Brexit is a disaster.

Re:Finland freezes arms export permits to Saudi Arabia and U... by ptaipale on Saturday November 24, 2018 @04:05AM (#18521182)
It devalued instantly after the unexpected voting result, but has since then recovered.

Compared to historical shifts over past decades, the impact of Brexit is not very visible on a chart. The falls from 1970 to 1975, or 1980 to 1985, or in 2008, are clearly more dramatic.

https://www.poundsterlinglive.com/bank-of-england-spot/histo...

"Recent reports" are many and contradictory, as usual.

Re:Finland freezes arms export permits to Saudi Arabia and U... by sys_64738 on Saturday November 24, 2018 @10:26AM (#18522397)
Recovered?

Nonsense. The historical trend for the pound is to be worth $1.5 whereas it’s trundled along around $1.2 since. Stop making up excuses for the disaster that is brexit.

No sane nation would leave the EU.

Re:Finland freezes arms export permits to Saudi Arabia and U... by richardknop on Friday November 23, 2018 @10:12AM (#18516827)
How is Saudi Arabia providing hard currency? UK has a central bank and a British Pound. Did you mean to say somehow Saudis are providing stability to £ by using their $ from oil sales to prop it up? I don’t think that makes sense.
Re:Finland freezes arms export permits to Saudi Arabia and U... by sys_64738 on Friday November 23, 2018 @08:58PM (#18519995)
Well, Saudi Arabia pays for the weapons in American dollars. It's not hard.
Re:Finland freezes arms export permits to Saudi Arabia and U... by richardknop on Saturday November 24, 2018 @05:15AM (#18521350)
What percentage of GDP is arms sales to Saudi Arabia? You could then say USD is propped up by Saudis as well since they sell more arms to them than UK, much more actually.
Re:Finland freezes arms export permits to Saudi Arabia and U... by sys_64738 on Saturday November 24, 2018 @10:27AM (#18522401)
I think you need to go research what hard currency means. You’re all over the place with your response.