Who stands to gain if we crash out?

[Bluntness100]

Rachel Johnson said something deeply concerning. And the media have all but ignored it. They have done no more than report it.

She commented that there are people who have invested billions in shortening the pound, that they need us to crash out, and that there effectively may be pressure on Boris due to these people. In her interview yesterday.

So basically if you buy dollars, for example, then sell them when we crash out, because the pound will drop between an estimated 25-40 percent, you then get 25-40 percent more pounds when you sell. You then wait for the pound to stabilise and you've cashed in and made a small fortune. One example of how you can cash in on no deal.

Why are the media not exploring who stands to gain if we crash out? What influence do these people have on the prime minister if any? None of the opposition parties have commented on it either.

Everyone is focusing on language, but for me, the thought there may be people who need a no deal brexit, and who will make a fortune if it happens, or loose big if it doesn't, is something deeply concerning.

Any views?

I don’t think that’s news. It has been pointed out by some parts of the media over the last 3 years.

www.ft.com/content/d6b8261e-bcd4-11e9-b350-db00d509634e

Yes, it'll certainly be good news for the Crispin Odey types!

But this is very different, Teresa May was never taking us out with no deal, Boris is saying he wants to. His own sister is raising it now. She's stated he may be acting in their favour. That's huge.

The question isn't is there people who stand to gain, but who are these people and what influence if any do they have on the prime minister.

Literally anyone who holds dollar-denominated assets in sterling accounts stands to benefit at the expense of ordinary people who are paid in and shop in sterling.

Brexit has never been about leaving the EU, the leave campaign is and has been from the start funded and backed by hedge funders such as Jacob Rees Mogg who will make billions if we no deal. All this at the expense of ordinary people. If you think that Brexit is going to benefit the country then you've been totally rinsed. If we leave with no deal then the likes of Farage will pocket their billions and fuck off out of this disintegrating country quick smart.
The only upside is that if we leave with a deal or remain🤞Then these corrupt politicians who promised no deal to their rich backers will be dealt with Russian style, no wonder Johnson is terrified as his "dead in a ditch" comment will become reality.

Literally anyone who holds dollar-denominated assets in sterling accounts stands to benefit

Correct.

Somerset Capital Management, now re-located to Ireland, will do very nicely thank you.

It'll be Mogg, Banks etc and their mates.

I'll give you a clue- it isn't most of the people who voted for it.

This has been mentioned on and off for a while. The mainstream media should be making more of it. The idea that Remainers are "The Establishment" is laughable. Leave voters have been completely played.

Whoever is driving this, BJ is more scared of them than he is of Parliament and the Queen. His metaphors about being dead in a ditch, of eagles pecking out his liver, are not defiant ones.

It's almost like Boris is afraid of the mobsters.

Maybe he's got himself into a position where he is personally at risk if he does not deliver Brexit.

Maybe he's got himself into a position where he is personally at risk if he does not deliver Brexit

He knows his career is over if there is not a brexit. Maybe he has been threatened by Putin or Trump? Trump is a no deal advocate as he does not like EU. Nor does Putin. If no deal sends a shock wave through EU and leads to the collapse of EU then Putin and Trump are happy.

Another possibility is that one of the 17.4 million who voted leave takes a shot?

That's what's worrying me, is as much as people were looking to cash in before, Teresa may was not doing no deal, there was no hint of corruption there.

But Boris is very keen indeed on no deal. It seems he's keener on that than a deal at Times. So what's driving him. No one is really under any Illusion about just how damaging that will be for the U.K. with a 30-40 percent increase in the cost of living due predominantly to a drop in the pound,

So do people campaigning for it, people like Rees mogg, have skin in the game? Are some of the wealthy MPs all for this in it for profit?

I think it's a question that needs asking.

The U.K. doesn't benefit. But some people do. Who are these people?

The illuminati

Jacob Rees Mogg

Rees-Mogg in line for a huge personal windfall when Britain exits the single market. His firm Somerset Capital has 9.6 billion dollars under management according to its website and he is set for a huge personal windfall when Britain exits the single market.

And his I'm Alright unionJack pals.

It certainly won't be anyone's Granny stuck in an NHS bed block because there is no where else for her to go. (Unless you have pots of money to fund it)

and that's where there is a conflict of interests. It can't be right to benefit financially, it just can't, it opens the individual up to allegations of corruption.

I really don't see his someone can be in a position of power to influence our exit and to benefit from that exit. How that's even legal.

So do people campaigning for it, people like Rees mogg, have skin in the game? Are some of the wealthy MPs all for this in it for profit?

I think you can say with great confidence (given the social and financial status of Tory MPs) that most will gain financially from Brexit. Anyone holding dollar or euro denominated assets will gain. That includes pretty much anyone with significant assets and most if not all Tory MPs are independently wealthy.

The question is more whether they are making investment decisions and then working to ensure a political situation which will cause the value of their assets (or the assets of their associates) to go up. A kind of political insider trading if you like. And I do think that there is some of this going on. It may well be that connected individuals in the financial services sector have donated to the Tory party in return for valuable insider information on where this is heading.

@Bluntness100

"No one is really under any Illusion about just how damaging that will be for the U.K. with a 30-40 percent increase in the cost of living due predominantly to a drop in the pound,"

Actually some people ARE still under illusions (delusions?) about this... including someone I vaguely know who genuinely believes all the pro-Brexit (including no-deal-related) stuff she posts on Facebook six times a day. Given that she's not wealthy and needs extensive medical care, I'm not sure quite how she figures that.

Follow the money all along.
However, the Extreme Leavers are so riled up that they wouldn’t care about leaving with no deal.
We’ll just have to see what happens with the Benn bill, and any amendments to make sure that an extension is guaranteed.

Junker is now claiming that Boris doesn't wish a deal.

I just can't understand how if there is a conflict of interests, that if the people pushing no deal through, potentially stand to gain financially no one is looking at it or investigating it.

That would be a huge level of corruption that could impact the highest levels of government.

Why is no one even asking the question? Why are mps not being forced to reveal what they stand to gain if we crash out.

Is there a number of very wealthy individuals who have an influence on what happens and if they can push it to no deal then they financially benefit?

People won't start asking questions until they are affected personally,
Why can't I get my life saving medication?
Why has my food bill gone up 40%?
Why don't I have any employment rights anymore?
Where did the NHS go?
Even then when project fear becomes reality it will still be the EU and remainers that are to blame.

Honestly the thought terrifies me that there is a number of people with influence here who are pushing no deal for their own benefit.

And we are just too fucking stupid to know it, or ask the question. Or even ask why the question isn't being asked.

That we are sitting here like idiots, thinking it's all about politics. When in reality it's about a number of very wealthy people trying to become a hell of a lot wealthier.

The prime ministers own sister directly raised it. His brother intimated he wasn't putting Britain first. And we are all sitting here like patsies arguing about how bad it might or might not be whilst ignoring what could be staring us in the face.

If no one gains financially, fine. But good god we should be looking at this.

Until the referendum the average person didn't give the EU a second thought unless it was a silly article about straight bananas, it was just not on our radar. Then along came Farage with Aron Banks amongst others to bank roll him, they know that a quick way to make quick serious money is to short sell the pound and the best way to do it is for the economy to tank. Your average person either won't understand this or support it so the immigration narrative is introduced and lapped up by the right wing press who all have vested interest (Murdoc, the Barclays etc). This ideology has infiltrated the Tory party who have adopted it to out Manouver Farage and steal the UKIP/Brexit party voters so that they can command a majority and freely do some terrible shit.

The truly terrifying thing is is that it's working and I'm pretty sure they will win a general election with a majority because people have totally drunk the kook aid.

If the economy tanks and sterling falls, how long will it take to recover? Or is the idea to buy British assets really cheaply with all the extra sterling (land and property prices will also fall considerably I assume) and then hold on to them? For how long? How long before the economy recovers and it's discovered Russians and Americans own half of London? How do they force a quick recovery in London, is it the 'Singapore on Thames' model? I suppose some of the answers to those questions might be found in JRM's father's book.

I've no doubt but that it's about money - the EU tax directive thing is due to come into effect January 1 2020, and I think that's to be avoided at all costs, as hiding money in off shore accounts is a necessity for those who wish to evade tax. (See also demonising Jeremy Corbyn.)

Otherwise shorting the pound or whatever it's called could be done with a later no deal.