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

[Urs Max]

	Quote:	TobiasM
	Ha ha he had the audacity to say that the success of his investments in emerging economies like China and India had nothing to do with Brexit! The fact is you still buy the BS Loz. Of course it’s the job of journalism to report on this sort of profiteering, especially when all the architects of Brexit are being proven to be profiting out of a weakened British economy and through investing outside of the UK!

How does a weakened UK economy increase investment profits generated in China and India?

[marton]

	Quote:	Urs Max
	How does a weakened UK economy increase investment profits generated in China and India?

Currency exchange rates.

[fatmanfilms]

	Quote:	marton
	Currency exchange rates.

Neither the Indian rupee or Chinese Yuan, have been particularly strong against Sterling but then don't let the truth get in the way of a good story. Remember that China is a huge exporter so having a strong currency will reduce local profits.

[Blueangel]

Loz! LOZ!!!!!

What are you betting for the vote on the deal tonight? And, have you put a bet on? I reckon a defeat by 85-100 votes.

[TobiasM]

	Quote:	Urs Max
	How does a weakened UK economy increase investment profits generated in China and India?

The business moves, other economies strengthen in relation to a weakened currency. It’s pretty basic economics really. Unless I am missing something here? Please enlighten me. I really do believe that the people that pushed Brexit are making money out of it. While the average person and business in the UK looks set to lose out big time. Am I wrong? If I am, I’ll take it all back and concede my opinion about leaving the EU being detrimental to the UK economy in the long term. But don’t tell me the economic future looks bright for the UK. Ironically a lot of the architects of Brexit are relocating their businesses and assets outside of Britain with the aim of accessing the European market post Brexit!

	Quote:	fatmanfilms
	Neither the Indian rupee or Chinese Yuan, have been particularly strong against Sterling but then don't let the truth get in the way of a good story. Remember that China is a huge exporter so having a strong currency will reduce local profits.

I mean FMF is kinda right, if you completely ignore facts.

INR pre Brexit vote was about 99 Rupees to the Pound, today it is somewhere around 91.5.

CNY pre Brexit was about 9.7 to the Pound, today it is about 8.8.

So apart from the 10% drop versus those currencies mentioned, FMF is completely correct.

[fatmanfilms]

	Quote:
	I mean FMF is kinda right, if you completely ignore facts. INR pre Brexit vote was about 99 Rupees to the Pound, today it is somewhere around 91.5. CNY pre Brexit was about 9.7 to the Pound, today it is about 8.8. So apart from the 10% drop versus those currencies mentioned, FMF is completely correct.

The profits were not made pre BREXIT, they were made post BREXIT, look at both 1 & 2 year graphs. Currency has not increased profits by 10% & the profitability is way higher than 10% to give him his 7 million. Basically you can ignore the currency changes.

Even you could be a millionaire, invest 100 a month for 40 years with 12% compound growth, instead you lease new cars it's your choice.

Looks like the PM's renegotiated deal on the backstop doesn't amount to much. The Attorney General has published his advice and concludes that while the new agreement appears to be legally binding and would help dig the UK out of a hole if the EU were knowingly and willfully to obstruct the removal of the backstop, it doesn't do anything to guarantee its removal if both parties fail to find a solution. No surprise there, then.

	Quote:	Extract from Attorney General's conclusion
	However, the legal risk remains unchanged that if through no such demonstrable failure of either party, but simply because of intractable differences, that situation does arise, the United Kingdom would have, at least while the fundamental circumstances remained the same, no internationally lawful means of exiting the Protocol’s arrangements, save by agreement.

Anyone challenging Blueangel's assessment of how the vote this evening will go?

	Quote:	fatmanfilms
	The profits were not made pre BREXIT, they were made post BREXIT, look at both 1 & 2 year graphs.

Brexit hasn't happened yet, what are you going on about? I am talking about the relative currency strengths pre and post Brexit vote, so stop changing the subject. I am purely refuting your claim that neither INR nor CNY have been strong vs GBP.

	Quote:	fatmanfilms
	Even you could be a multimillionaire, invest 100 a month for 40 years with 12% compound growth, instead you lease new cars it's your choice.

Even me, eh? You crack me up, FMF.

	Quote:	fatmanfilms
	The profits were not made pre BREXIT, they were made post BREXIT, look at both 1 & 2 year graphs.

How could anyone be making profits post-Brexit when Brexit hasn't happened yet -- and may never happen?

[YuropFlyer]

	Quote:	fatmanfilms
	Neither the Indian rupee or Chinese Yuan, have been particularly strong against Sterling but then don't let the truth get in the way of a good story. Remember that China is a huge exporter so having a strong currency will reduce local profits.

https://www.finanzen.net/devisen/bri...inbi_yuan-kurs

Maybe if you're looking only at recent development in the last month..

Try to hit that "MAX" (or even just 5 year) button, and you might want to rib your eyes again.

Till 2008 or so, you got approx 15 RMB per pound.

Then till about 2015 (with some +/- of course), about 10 RMB

Last year, around 8.5 to max. 9 RMB

But keep on labelling the complete opposite as "truth". The "President" of the United States does so as well..

[fatmanfilms]

	Quote:
	How could anyone be making profits post-Brexit when Brexit hasn't happened yet -- and may never happen?

We were talking about since the referendum as you know, thanks for being a grammar nazi, your added clarity to the conversation is much appreciated.

[marton]

	Quote:
	Looks like the PM's renegotiated deal on the backstop doesn't amount to much. The Attorney General has published his advice and concludes that while the new agreement appears to be legally binding and would help dig the UK out of a hole if the EU were knowingly and willfully to obstruct the removal of the backstop, it doesn't do anything to guarantee its removal if both parties fail to find a solution. No surprise there, then. Anyone challenging Blueangel's assessment of how the vote this evening will go?

Congratulations to Geoffrey Cox, Attorney General, for resisting considerable political pressure when writing his opinion.
No challenge to Blueangel!

[Blueangel]

	Quote:
	No surprise there, then.

It all serves to further highlights how utterly myopic the original campaigns were. Honestly, it never crossed my mind at the time, how huge the backstop issue would become, and that's after watching days of high court proceedings, reading vast amounts of evidence regarding numerous issues, etc....

	Quote:	fatmanfilms
	We were talking about since the referendum as you know, thanks for being a grammar nazi, your added clarity to the conversation is much appreciated.

Grammar Nazi?

Your grammar slip-ups I can (and do) ignore -- you've repeatedly explained the reason for them. But stating something provably false is not a grammar slip-up, it's simply wrong, misleading and at worst, deceptive and fraudulent. Just as Trump's lies are not "grammar slip-ups" or "spelling mistakes" or "orthographical errors", but outright glaring falsehoods intended to deceive.

If you meant "since the referendum", why not say "since the referendum" and not "post-Brexit", especially in a reply to a post about profiting from Brexit?

	Quote:
	Grammar Nazi? Your grammar slip-ups I can (and do) ignore -- you've repeatedly explained the reason for them. But stating something provably false is not a grammar slip-up, it's simply wrong, misleading and at worst, deceptive and fraudulent. Just as Trump's lies are not "grammar slip-ups" or "spelling mistakes" or "orthographical errors", but outright glaring falsehoods intended to deceive. If you meant "since the referendum", why not say "since the referendum" and not "post-Brexit", especially in a reply to a post about profiting from Brexit?

The ad-homs are smacking of desperation here. Would be simpler for all if he were to back down on the palpably false claims. We're all nice, we'd forgive him. Again.

[marton]

	Quote:	Blueangel
	It all serves to further highlights how utterly myopic the original campaigns were. Honestly, it never crossed my mind at the time, how huge the backstop issue would become, and that's after watching days of high court proceedings, reading vast amounts of evidence regarding numerous issues, etc....

And some newspapers are reporting an organisation claiming to be the IRA is sending parcel bombs.

	Quote:	Blueangel
	Loz! LOZ!!!!! What are you betting for the vote on the deal tonight? And, have you put a bet on? I reckon a defeat by 85-100 votes.

I've been confident for a few months now that the UK will end up leaving the EU without a deal. This still remains the case.

[TobiasM]

	Quote:
	The ad-homs are smacking of desperation here. Would be simpler for all if he were to back down on the palpably false claims. We're all nice, we'd forgive him. Again.

I couldn’t care about his grammar, nor his opinions really. I am just amused at the way some Forum users defend or choose to ignore some of the blatant hypocrisy of certain politicians and business men who endorsed Brexit and are now relocating business overseas or whose businesses profit hugely from not being based in or taxed in Britain.

[Blueangel]

Worth 2mins of your time...

https://www.lbc.co.uk/radio/presente...ttorney-gener/