The Brexit referendum thread: potential consequences for GB, EU and the Brits in CH

[Urs Max]

	Quote:	Jim2007
	I do not question investing international, but US listings are problematic for the family, should anything happen to the investor.

Doesn't apply to indirect holdings, through a mutual fund in particular, doesn't it?

[John William]

	Quote:
	But Switzerland is not UK - totally different system of Government- Parliamentary Democracy where Referendums are a) not the norm b) advisory only. We can argue about changing the system - but this is not the way to do it. And what happened with Brexit is perhaps the strongest possible case about Direct Democracy and Referendums ... There are many well-defined reasons- how many times do we have to list them 1. proven fraud 2. tiny majority 3. lies, massive ones, as big as a bus 4. no information given as to what it meant, eg consequences 5. no information at all about the form it would take, and even the Governement totally divided- so people could NOT vote in informed manner for a start.

H'm looks like possible Russian interference and meddling seems to be missing from the list ?
particularly in view of Russia's track record on such matters, eg Trump getting into the
White House, etc, etc, etc.

No doubt recent world events are working out very nicely from the lets make the Soviet
Union ( Ops sorry ) I mean lets make Russia great again !! point of view.

1. Lets break up the EU starting with Brexit.
2. Get Trump in the White House.
3. TBA.

[fatmanfilms]

	Quote:	Urs Max
	Doesn't apply to indirect holdings, through a mutual fund in particular, doesn't it?

Assuming those funds are held outside the US, however the withholding tax on dividends is lost forever & without any credit of tax paid. This is why Irish domiciled S&P 500 trackers have a lower yield than US ones.

Documentary for French TV- showing Arron Banks staff, at his 'insurance company' - Go Skippy- following his instructions to make rounds of phone calls putting forward anti-Brexit arguments, and requesting help in getting involved in the campaign. NOT volunteers, bur regular employees- and as Elizabeth Bilney says, employed 100% on the Campaign instead of the Insurance side. Ms Bilney being the Head of Vote Leave, and at the same time, the Manager for the 'insurance' company. Dodgy indeed.



the full video here:

https://youtu.be/XxzBxVEd0tQ

At last, he has finally been dropped from the panel on Question Time this Thursday- thanks to a massive number of complaints.

Dominic Raab: "I hadn't quite fully understood the full extent of this..."

Epic facepalm.

	Quote:
	Dominic Raab: "I hadn't quite fully understood the full extent of this..." Epic facepalm.

Just unbelievable- I did mention the fact UK is an Island some weeks back, and I think I might have had a couple of groans for saying it. WOW.

'Dominic Raab has been ridiculed after saying he “hadn’t quite understood” the importance of cross-Channel trade to the UK economy.

The extraordinary admission came as the Brexit secretary also warned shoppers to expect less choice of goods if leaving the EU damages the trade route from France.

Speaking at an event for tech firms, Mr Raab said Theresa May was pursuing a future trade deal that recognised the “peculiar geographic economic entity” of the UK, as an island nation'

	Quote:
	Dominic Raab: "I hadn't quite fully understood the full extent of this..." Epic facepalm.

They just need to send politicians like Raab to acting school so they can fool us better.. no need at all to waste time going to Geography class

[marton]

	Quote:	Swisstree
	They just need to send politicians like Raab to acting school so they can fool us better.. no need at all to waste time going to Geography class

Some more details here of wot Raab actually said.

Where do they find these clowns?

	Quote:	marton
	Some more details here of wot Raab actually said. Where do they find these clowns?

Politicians like Raab are purely cannon fodder.. there simply to keep us busy while the rabble in charge try to figure out what to do.

In the meantime, we all know that this is what it is all a about:

https://www.bloomberg.com/news/featu...FSzUxd07CSL_8M

[fatmanfilms]

	Quote:
	In the meantime, we all know that this is what it is all a about: https://www.bloomberg.com/news/featu...FSzUxd07CSL_8M

There are 2 sides of any deal, so for every winner there is a counterpart loser. High risk stakes that may or may not pay out. When the UK dropped out of the ERM Soros made over 1 billion. Some Hedge funds got lucky but hedge funds will underperform the S&P 500 over 10 years. Warren Buffet offered a bet of 1 million USD & there was only 1 taker who lost his bet.......

Of course- but when people are 'in the know' and manipulate the moves- then it is just not cricket anymore - and VERY lucrative for the above.

[fatmanfilms]

	Quote:
	Of course- but when people are 'in the know' and manipulate the moves- then it is just not cricket anymore - and VERY lucrative for the above.

Nobody could possibly be 'in the know', they took a bet based on a lucky guess & it paid off, their counter party lost out, it's how trading works.

The Prime Ministers husband probably talks to his wife and her intentions, and so do other Cabinet members, etc. It is clear that some statements and especially privately funded polls, have created reactions and movements in value of Sterling.

It is posh betting - with the odds known to some and not others.

[fatmanfilms]

	Quote:
	The Prime Ministers husband probably talks to his wife and her intentions, and so do other Cabinet members, etc. It is clear that some statements and especially privately funded polls, have created reactions and movements in value of Sterling. It is posh betting - with the odds known to some and not others.

I really don't believe he would risk any insider trader deals, prison is an uncomfortable place if your wealthy. I don't think you can compare with the SNB's Philip Hildebrand wife's trading

[Jim2007]

	Quote:
	Of course- but when people are 'in the know' and manipulate the moves- then it is just not cricket anymore - and VERY lucrative for the above.

	Quote:
	The Prime Ministers husband probably talks to his wife and her intentions, and so do other Cabinet members, etc. It is clear that some statements and especially privately funded polls, have created reactions and movements in value of Sterling. It is posh betting - with the odds known to some and not others.

At this point it is hard to take you seriously! The level of coordination and secrecy required to pull off what you are suggesting without it being disclosed is beyond them.

https://www.bloomberg.com/news/featu...beat-the-crash


Going back to Raab, hand up please any UK person, or even EU person, or even Anglo-Saxon - who did not know the UK is an (well quite a lot of) island/s.

	Quote:
	https://www.bloomberg.com/news/featu...beat-the-crash Going back to Raab, hand up please any UK person, or even EU person, or even Anglo-Saxon - who did not know the UK is an (well quite a lot of) island/s.

I think the current media focus on Raab "not knowing the UK is an island" is missing the point a bit. The bigger issue is that it is clear that the Brexit committee is under-prepared and under-informed about the extent of work which needs to go into securing the trade deals, plus the fact they seem to be a bit (a lot?) deluded about how straightforward it is going to be.

He's in a position that nobody really wants to be in because it can only fail. I'm not sure he'll still be around by Christmas.

[k_and_e]

	Quote:
	I think the current media focus on Raab "not knowing the UK is an island" is missing the point a bit. The bigger issue is that it is clear that the Brexit committee is under-prepared and under-informed about the extent of work which needs to go into securing the trade deals, plus the fact they seem to be a bit (a lot?) deluded about how straightforward it is going to be. He's in a position that nobody really wants to be in because it can only fail. I'm not sure he'll still be around by Christmas.

It's actually quite interesting to see how much focus there is in the UK n making the Brexit negotiators look bad. Doesn't the country understand that it is in everybody's interest to get the best deal and perhaps give some collective support?

	Quote:	k_and_e
	It's actually quite interesting to see how much focus there is in the UK n making the Brexit negotiators look bad. Doesn't the country understand that it is in everybody's interest to get the best deal and perhaps give some collective support?

They don't actually need any help to look bad.

They either need a reality check combined with a realistic view of the future or a sh*t-hot PR company to teach them not to sound so idiotic.

Bumbling along as they do with various back-of-a-fag-packet solutions does not need much from the general public to show them up as ridiculous.

Yes, by all means get someone into the job that is capable of solving the problems or able to work cross-party to engineer solutions but up to now this hasn't been the case.

At the moment there is no "collective support" because there is no solution to support.