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Old 11.03.2019, 21:07
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[thread split] Rees-Mogg, Somerset, Brexit profiteering

** Dispatches tonight at 8pm GMT - The Brexit Millionaires **

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Channel 4 Dispatches@C4Dispatches

“The amount I receive is not for public disclosure.”
Dispatches reveals that Brexiteer and Tory MP Jacob Rees-Mogg may have earned at least £7 million since the 2016 EU referendum, from an investment firm he partly owns - which has seen its profits increase since the vote.
https://twitter.com/C4Dispatches/sta...08677768417280

Please see the video in the link.
Rees-Mogg is lower than a snake's belly. A real see you next Tuesday.
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Old 11.03.2019, 21:24
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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** Dispatches tonight at 8pm GMT - The Brexit Millionaires **

https://twitter.com/C4Dispatches/sta...08677768417280

Please see the video in the link.
Rees-Mogg is lower than a snake's belly. A real see you next Tuesday.
I literally logged in to post this. You beat me to it.

I actually cannot believe this is happening in "modern Britain". This is worst than politicians from the Balkans.

Rees-Moog - Miserable excuse of a human being.
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Old 11.03.2019, 21:50
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Lol, “man makes money legally” is not a scoop. All it proves is that Channel 4 News is as impartial as Fox. Looking forward to Part 2 - The Remainer Millionaires.
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Old 11.03.2019, 22:45
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

That was even worse than I imagined! Half an hour I won’t get back. The key message was in times of uncertainty there are winners and losers. Groundbreaking journalism
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Old 11.03.2019, 22:50
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Lol, “man makes money legally” is not a scoop. All it proves is that Channel 4 News is as impartial as Fox. Looking forward to Part 2 - The Remainer Millionaires.
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!
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That was even worse than I imagined! Half an hour I won’t get back. The key message was in times of uncertainty there are winners and losers. Groundbreaking journalism
Profiteering!
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Old 11.03.2019, 22:58
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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!


Profiteering!
His company runs investment funds, it’s their fooking job to make money!
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Old 11.03.2019, 23:03
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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!


Profiteering!
The UK represents 5.7% of MSCI world index, so being invested 94% outside the UK would be a balanced global portfolio. 80% by capitalisation is outside UK/EU which is why being too focused on the EU is unnecessary.
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Old 11.03.2019, 23:07
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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His company runs investment funds, it’s their fooking job to make money!
You just don’t see it do you?
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Old 11.03.2019, 23:09
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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The UK represents 5.7% of MSCI world index, so being invested 94% outside the UK would be a balanced global portfolio. 80% by capitalisation is outside UK/EU which is why being too focused on the EU is unnecessary.
Yes indeed but we are talking about the architects of Brexit. These are the ones making money out of Britain’s uncertainty!
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Old 11.03.2019, 23:18
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You just don’t see it do you?
No I don’t. He is part owner of a business that was set up long before Brexit was even a thing. That business has made higher profits due to the drop in value of the Pound. Rees-Mogg supports Brexit, Brexit by its very nature causes uncertainty, though by no means half the uncertainty that was promised before the referendum. This is not profiteering.
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Old 12.03.2019, 13:31
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

5 years or longer is irrelevant, we are talking about profits made by the partnership from the referendum vote & profits made up to 31 March 2018 the latest accounts Somerset Capital has filed & were available to dispatches.

Unfortunately the link is expired & needs to be searched at companies house individually

https://document-api-images-prod.s3....666ffa98a8d0d5


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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..
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Old 12.03.2019, 13:32
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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..
It's down almost another percent since the Attorney General's legal advice on Brexit 5 mins ago. Oh FMF, will you ever learn?
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Old 12.03.2019, 13:50
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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?
If you had read (and understood) what I was replying to it would have been clear. The discussion was about JRM profiteering due to something that has not happened. Thanks for clearing that up.
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Old 12.03.2019, 13:55
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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If you had read (and understood) what I was replying to it would have been clear. The discussion was about JRM profiteering due to something that has not happened. Thanks for clearing that up.
The something has happened though, as we've proven. Whether JRM's profiteering was influenced unduly by it or not is a COMPLETELY different point to your assertion of GBP not dropping vs other currencies. I'm not sure how we can make this differentiation clearer.
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Old 12.03.2019, 14:00
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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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.
As a UK taxpayer JRM will pay tax on any money he receives, holding the assets abroad makes zero difference to his personal tax position.

Somerset Capital Management LLP is registered at 28 Ely Place (3rd Floor), London, EC1N 6TD so is fully taxable in the UK.

I believe your understanding & interpretation is totally false.
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Old 12.03.2019, 14:37
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Still waiting for JRM to answer a question, any question.
Hopefully JRM will be the next PM, clearly very intelligent, which is why he is so financially successful.
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Old 12.03.2019, 14:43
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Hopefully JRM will be the next PM, clearly very intelligent, which is why he is so financially successful.
He was born into money and runs a hedge fund company, which I'm fairly sure he doesn't do single-handedly. Hardly even minimal criteria to fit the role of PM.

The guy's not really statesman material but, then again, standards seem to have plummeted in recent years.
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Old 12.03.2019, 14:43
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Hopefully JRM will be the next PM, clearly very intelligent, which is why he is so financially successful.
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Old 12.03.2019, 15:00
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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As a UK taxpayer JRM will pay tax on any money he receives, holding the assets abroad makes zero difference to his personal tax position.

Somerset Capital Management LLP is registered at 28 Ely Place (3rd Floor), London, EC1N 6TD so is fully taxable in the UK.

I believe your understanding & interpretation is totally false.
Ah innocence.

If you believe that....well I've got this Tower Bridge I need to get off my hands....
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Old 12.03.2019, 15:00
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Hopefully JRM will be the next PM, clearly very intelligent, which is why he is so financially successful.


Not sure (emotional) intelligence and financial success always go hand in hand. Joey Essex is reputedly worth 6 million and he couldn't find Rees-Mogg if they were the only two people in a room. They are probably equally mercenary however, each in their own way.
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