Are the filthy rich for no deal?

GadgetObsessed

Well-known Member
From the same article:
The Bloomberg report has raised difficult questions for the polling industry, which has been depicted as benefiting extensively from the sale of private polling data to hedge funds seeking to profit from insights into how markets might move.

Sources told Bloomberg that they believed Brexit to have generated “one of the most profitable single days in the history of their industry.” Odey Asset Management, run by the Conservative party donor and leave supporter Crispin Odey, is reported to have made $300m from Brexit.

It is illegal under British electoral law to “publish” exit polls before 10pm on the day of an election or referendum. Hedge funds and pollsters appear to have interpreted the law so as to permit the private provision of exit poll data to select individuals. A prominent barrister told Bloomberg that the legal definition of “publish” had never been tested.
Exactly. What Farage is alleged to have done does not appear to have broken any law. Only if someone could successfully argue that providing a poll to private individuals constitutes "publishing" would he deemed to have been guilty of wrongdoing. Personally this seems unlikely as the rules around publishing exit polls are there to prevent a poll impacting voters on the day of an election - not to stop someone profiting from knowing the result of the poll.

Even if the pollsters were deemed to have "published" then they are the ones guilty of breaking the rules - not Farage. Farage would still not be guilty of insider trading.
 

Squiffy

Distinguished Member
If don't have to pay extra to make up for the UK's rebate then it does. You could argue it either way but anyway, it was a joke. Hence the punchline.
They'll have to pay extra to make up for the UK's net contribution.

Your point may have been flippant, but it's still wrong.
 

Coulson

Well-known Member
Enlighten me, how exactly would we be helping them even more.

We could be removing competition from our farmers, but we are also removing some of their subsidy...
OK this is getting a little silly now, it was a joke :) Do I really need to put a smiley on it?
 

Coulson

Well-known Member
They'll have to pay extra to make up for the UK's net contribution.

Your point may have been flippant, but it's still wrong.
I know.

lol...adding smiley to previous message now.
 

Sonic67

Distinguished Member
As I said, still a gamble, but a damn good one, and a clear conflict of interest.
Nope. A poll is just guesswork. Tomorrow have a look in the paper at see what the tipsters think will will a horse race. Bet on it. Did it win?

Betting on the result of the referendum is easier, there's only two options so you could just flip a coin. That doesn't mean any prior knowledge because there isn't any.

And how does this not happen with remain? Surely they would do the same?
 

Sonic67

Distinguished Member
Nope. No shortcuts. That's not the way the EU works in these kind of things. Just ask Scotland.
Which is part of the UK and hasn't previously been a member.

The UK has. Scotland hasn't as an independent country.
 

Coulson

Well-known Member
Nope. A poll is just guesswork. Tomorrow have a look in the paper at see what the tipsters think will will a horse race. Bet on it. Did it win?

Betting on the result of the referendum is easier, there's only two options so you could just flip a coin. That doesn't mean any prior knowledge because there isn't any.

And how does this not happen with remain? Surely they would do the same?
Of course they would, and you know this because?

Don't get me wrong, it could happen, maybe it is. But they simply don't have the weapons to influence public opinion in the same way. Otherwise, how do you explain people cutting off their nose to spite their faces? Remember? Biggest beneficiaries of EU grants voted for Brexit!
 

Sonic67

Distinguished Member
That's a guess on your part mate :)
Nope mate. :)
How does a fact turn into a conspiracy theory?
[/QUOTE]
How does a conspiracy theory become a fact?
 

Coulson

Well-known Member
Anyway all of this is just carping on the sidelines. Will rich people benefit from Brexit? Of course they will. The rest, including my thoughts, are just that, thoughts, conjecture.
 

Stuey1

Well-known Member
Of course they would, and you know this because?

Don't get me wrong, it could happen, maybe it is. But they simply don't have the weapons to influence public opinion in the same way. Otherwise, how do you explain people cutting off their nose to spite their faces? Remember? Biggest beneficiaries of EU grants voted for Brexit!
because they were promised a similar if not higher level of funding with the money saved by brexit?

(I'm not saying this is what will happen, I'm saying I think that's why some may have voted that way)
 

Coulson

Well-known Member
Nope mate. :)
How does a fact turn into a conspiracy theory?
How does a conspiracy theory become a fact?
[/QUOTE]
What that Aaron Banks is bankrolling this? That large media organisations are helping disseminate the Brexit agenda? Which one of those two points is a theory, never mind a conspiracy. Aaron Banks is not (any longer because of the weight of evidence) denying bankrolling Brexit. You can see what's in the papers and on the BBC (Question time is interesting because it always "seems" to have a mojority Brexit audience even if the panel is remain.)

Anyway....
 

Sonic67

Distinguished Member
Of course they would, and you know this because?
And you?
Don't get me wrong, it could happen, maybe it is. But they simply don't have the weapons to influence public opinion in the same way. Otherwise, how do you explain people cutting off their nose to spite their faces?
People not liking an undemocratic, bureaucratic organisation that can't decide where it's own parliament is.
Remember? Biggest beneficiaries of EU grants voted for Brexit!
And would get more if we left!

We give a lot to the EU and get a bit back. How about cutting out the middleman?

Nice one from the EU. Takes money from the UK, then bribes a few, with their own money.
 

Stuey1

Well-known Member
Some rich people may not benefit, if they just hold their money in sterling and it tanks, then they will lose a proportion of their wealth... The will probably lose more money than any not rich people - inflation will cause more issue for people with less money than anything else....

You can't lose what you haven't got...

And as has already been explained to you, the people making the gains are offset by others making a loss - its essentially a bet...
 

Sonic67

Distinguished Member
What that Aaron Banks is bankrolling this? That large media organisations are helping disseminate the Brexit agenda? Which one of those two points is a theory, never mind a conspiracy. Aaron Banks is not (any longer because of the weight of evidence) denying bankrolling Brexit.
Large media organisations also disseminate the remain agenda. FT, Guardian, Independent, BBC etc. There's two options, both are supported.

Aaron is suing Cadwalldr for libel, she's going to sue him back I believe.
You can see what's in the papers and on the BBC (Question time is interesting because it always "seems" to have a mojority Brexit audience even if the panel is remain.)
The audience is all bribed?
 

Coulson

Well-known Member
Goodnight all :)
 

Sonic67

Distinguished Member
The European Commission funds Transparency International, Jo Swinson’s husband is Director of Policy for them. Odd that.


FORMER Liberal Democrat MP, Duncan Hames is the husband of current Lib Dem leader Jo Swinson.

Hames is currently working as a Director of Policy at Transparency International UK.
 

ph3iron

Novice Member
Don't be silly brexit is a rich man's game
I
A left wing page on FB recently posted that one particular hedge fund manager had bet £299M short, on a no deal Brexit.

If no deal goes through, it'll be an absolute fire sale, and workers contracts will be torn up and rewritten, favouring the employer.
as an expat the blurb I read was the working class had tipped the scale?
Immigrants?
 

rommi

Novice Member
Quoting from the article in UK's EU rebate - explained
In perspective
Other member states must pay more to the budget to make up for the UK’s rebate, with France and Italy facing the highest burden. According to the OBR, between 2009 and 2015 the UK’s average saving due to the rebate was £3.9 billion each year resulting in an average net annual contribution of £8.5 billion.

At the moment, the UK is the third largest net contributor, after Germany and France, to the EU budget. But in per-capita terms the UK is only the eighth biggest contributor.
------

Think about it! While Britain is getting a rebate, the French are suffering. So when we leave, we will be relieving the French of their burden. :) <---

...and you call yourself British..---> :) <---
Why does dividing it by the number of contributors matter?
If me and 9 other people pay a total of £5000 to the EU
Why does
if me and 99 other people pay a total of £5000 to the EU

So as individuals we contribute a 10th per person. Who cares? The EU is still receiving that amount from the UK!

This seemingly more up to date info puts us 5th. But again, position doesn't matter. We pay into the EU, end of.

 

rommi

Novice Member
The initial quote for this came from Boris's sister but to be honest if you think about it, the same thing happened with the Brexit vote. Farage's friends made an absolute killing.
Did you even read the article on the BBC about this?
Hammond his sister made these nonsense claims, that were quickly rubbished.

Think about it. People will "short" on a currency on a 30 year low is going to go shorter?

The quote from a hedge fund manager:
"
Another hedge fund boss who wished to remain anonymous said the idea that a small group of financiers was pulling the strings to achieve a no deal was ridiculous. Not least, he said, because it would be "bonkers" to bet that a currency that was already at a 30-year low against the rest of the world would go that much lower.

"Most hedge funds are waiting for the moment to buy,"
"
 

rommi

Novice Member
Definitely a rich man's game
This is the problem with people whose minds and outlook fit with the left side of politics.
Its "them".

There is us, this "collective" / real people bla bla
Against the "authority" the police, the royal family, politicians, bankers/finance people

All plotting a scheming / conspiring against me. Only about lining their own pockets.

I've had family members who were involved in politics.
They were shouted at whilst shopping, sent death threats in email. Stalked.
Yet the small minded unwashed masses believe everyone in public service is in it for nefarious pocket lining purposes.

I have no idea why anyone would do it (enter politics), given what the ungrateful unwashed masses think of them.

Psst. Clue, they aren't all out to get you. The sky won't fall down if Brexit happens ;)

Bill Gates isn't losing sleep over Brexit. Doesn't need it to make any money.
Bankers aren't "all the rich" Many other rich people won't be caring about your war against Brexit.

Sigh. Silly.
 

rommi

Novice Member
Even the BBC has changed since the government stuffed it with suits. They used to be right of centre, then they veered left of centre, now they seem to have just done a full right turn.
You need a lie down if you think the BBC gets anywhere near being a right leaning organisation. The BBC should just change their logo to a hammer and sickle and call their work colleagues comrade. If they were any more left wing they'd drop off the face of the flat earth.

Duncan Hames, writes for the Guardian (Jo Swinsons husband)
His "company" Transparency International" got 3.5 million quid a couple of years ago.
Allegedly by Lib Dem Leaders’ husband in massive EU cash payout storm

No wonder she doesn't want us to leave the EU, Hubby brings home a packet ;)

You can be cynical of people on the right, or the left of politics. But that just suits whatever political leanings we have. We as humans tune in to the messages that support our arguments / point of view / innate sense of how the world looks.

Some are just more wrong than others ;)
 

weaviemx5

Distinguished Member
This is the problem with people whose minds and outlook fit with the left side of politics.
Its "them".

There is us, this "collective" / real people bla bla
Against the "authority" the police, the royal family, politicians, bankers/finance people

All plotting a scheming / conspiring against me. Only about lining their own pockets.

I've had family members who were involved in politics.
They were shouted at whilst shopping, sent death threats in email. Stalked.
Yet the small minded unwashed masses believe everyone in public service is in it for nefarious pocket lining purposes.

I have no idea why anyone would do it (enter politics), given what the ungrateful unwashed masses think of them.

Psst. Clue, they aren't all out to get you. The sky won't fall down if Brexit happens ;)

Bill Gates isn't losing sleep over Brexit. Doesn't need it to make any money.
Bankers aren't "all the rich" Many other rich people won't be caring about your war against Brexit.

Sigh. Silly.
I agree with the sentiment, but much of the premise of leaving the EU is from people who have been told to believe that the EU is a nefarious organisation that wants to take over the world, so it’s not a single sided view.

As for “the people”, our own PM is using that line to build his election campaign on a “People vs The Elite” rhetoric, which is hilarious as the “unwashed masses” are being conditioned to believe that Johnson and his group isn’t the “Elite”.
 

Bl4ckGryph0n

Distinguished Member
Quoting from the article in UK's EU rebate - explained
In perspective
Other member states must pay more to the budget to make up for the UK’s rebate, with France and Italy facing the highest burden. According to the OBR, between 2009 and 2015 the UK’s average saving due to the rebate was £3.9 billion each year resulting in an average net annual contribution of £8.5 billion.

At the moment, the UK is the third largest net contributor, after Germany and France, to the EU budget. But in per-capita terms the UK is only the eighth biggest contributor.
------

Think about it! While Britain is getting a rebate, the French are suffering. So when we leave, we will be relieving the French of their burden. :) <---

...and you call yourself British..---> :) <---
WOW Just wow. You may want to rethink that conclusion you are drawing. Please tell me you were joking...
 

SteakAndCake

Suspended
As for “the people”, our own PM is using that line to build his election campaign on a “People vs The Elite” rhetoric, which is hilarious as the “unwashed masses” are being conditioned to believe that Johnson and his group isn’t the “Elite”.
Brexit is the political Trojan horse that will allow the Tories to push through elite benefiting tax changes without a wimper from their regular voters because they're off their tits on the Brexit catnip and the Tories are their dealer.
 

Coulson

Well-known Member
WOW Just wow. You may want to rethink that conclusion you are drawing. Please tell me you were joking...
You mean you need another confirmation after I've post hoc added smileys to the original comment because others didn't realise it was a joke? Also your quoted post from me that says "it was a joke". You want another confirmation after all of that? Am I missing something?
 
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Squiffy

Distinguished Member
Brexit is the political Trojan horse that will allow the Tories to push through elite benefiting tax changes without a wimper from their regular voters because they're off their tits on the Brexit catnip and the Tories are their dealer.
What tax changes are you referring to that we couldn't do today?

Other than VAT of course, because the EU do stop us from doing what we want with that.
 

SteakAndCake

Suspended
What tax changes are you referring to that we couldn't do today?

Other than VAT of course, because the EU do stop us from doing what we want with that.
It's not that they can't do them now, it's that traditionally, the people they would harm, voted Labour, but now they'll vote Tory, against the own personal interests because a single issue has pushed all sensible thought and reason out of their heads.
 
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