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Consequences Of Brexit [Part 9] Read First Post Before Posting

Groose

Let me make this perfectly clear - any personal attacks will get you a suspension. The moderating team is not going to continually issue warnings. If you cannot remain civil and post within forum rules then do not bother to contribute.

 

In addition to remoaner we are also not going to allow the use of libdums or liebore - if you cannot behave like adults and post without recourse to these childish insults then please refrain from posting. If you have a problem with this then you all know where the helpdesk is. 

Message added by Groose

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21 hours ago, Litotes said:

Can we have some evidence of that please or is this just another of your ill thought-out unsubstantiated rants?

At the moment, it only looks to have  a down side with no apparent benefits...

No evidence then... thought not.

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11 hours ago, L00b said:

You are mixing the actors (banks), the venues (cities) and the plays (financial services) in the above, whilst glossing -deliberately or not- over the British Overseas Territory character of Bermuda, the British Virgin Islands, <etc> that were, and remain, instrumental to money laundering, and all of which were always significantly easier to access from London, than from Paris, Frankfurt, New York, Tokyo <etc>...

 

...and shall remain so, now that London is escaping the EU's latest anti money laundering legislation, designed to hinder and sever ties still further with tax havens on the EU's black list (established 2015) and which includes -guess which Carribbean BOTs- amongst others.

 

Much less a case of naivety, than pointing some inconvenient truths. But you don't have to be personally embarrassed by them, the situation is hardly your fault or doing - nor, for that matter, the fault or doing of those taken in by the Leave propaganda.

Not personally embarrassed at all.

I might be if I was an employee within the financial world who had taken substantial earnings and bonuses in any number of dubious and unethical schemes.

All that you are arguing is that a particular bank or financial institution  is more culpable than another .

All banks will continue to pursue schemes to drive profit for themselves and their shareholders .

Self regulation is the name of the game until such time as their reckless dealings results in a Lehman style meltdown and the taxpayers are left to pick up the pieces.

https://www.worldfinance.com/banking/deutsche-banks

Edited by RJRB

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6 hours ago, melthebell said:

And the whole problem that caused this brexit farce is we still think we are "great" and in charge of the world like back then, trouble is the worlds moved on...just not us

Completely out of touch with why most people voted to Leave the EU.

 

It was nothing to do with empire, colonialism or imperialism.

 

Everything to do with Brexit voters and Brexit voting areas being 'left behind' (not permitted to share in the economic benefits of a massive capitalist trading bloc) whilst within the EU.

 

If being a member of the European Economic trading bloc hadn't advanced their interests in 43 years of membership, it was never going to advance their interests. 

 

So why stay? Only one reason to vote Remain - keep the rich people rich and hope some of those riches trickle down to the poor. No chance. Better Off Out.

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5 minutes ago, Car Boot said:

 

 

Everything to do with Brexit voters and Brexit voting areas being 'left behind' (not permitted to share in the economic benefits of a massive capitalist trading bloc) whilst within the EU.

so cut off yer nose to spite yer face and dont get any benefits of any trade w00p w00p sign me up batman

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1 hour ago, Car Boot said:

Completely out of touch with why most people voted to Leave the EU.

 

It was nothing to do with empire, colonialism or imperialism.

 

Everything to do with Brexit voters and Brexit voting areas being 'left behind' (not permitted to share in the economic benefits of a massive capitalist trading bloc) whilst within the EU.

 

If being a member of the European Economic trading bloc hadn't advanced their interests in 43 years of membership, it was never going to advance their interests. 

 

So why stay? Only one reason to vote Remain - keep the rich people rich and hope some of those riches trickle down to the poor. No chance. Better Off Out.

Mainly as a result of Tory austerity - although it's easier to blame it on "foreigners".

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9 hours ago, Litotes said:

No evidence then... thought not.

It's Brexit at any cost to these people mate, if you haven't worked that out by now you are as daft as me. Wouldn't matter if there were 14 trillion lorry's queuing at Kent or supermarkets were empty and it cost 14k for a loaf of bread. Absolutely any cost.

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14 hours ago, RJRB said:

Not personally embarrassed at all.

I might be if I was an employee within the financial world who had taken substantial earnings and bonuses in any number of dubious and unethical schemes.

All that you are arguing is that a particular bank or financial institution  is more culpable than another .

All banks will continue to pursue schemes to drive profit for themselves and their shareholders .

Self regulation is the name of the game until such time as their reckless dealings results in a Lehman style meltdown and the taxpayers are left to pick up the pieces.

https://www.worldfinance.com/banking/deutsche-banks

With respect, RJRB, that was your argument with your 'so does Deutsche Bank' retort. As if Deutsche Bank was operating solely out of Germany/Frankfurt, and not out of the City and a myriad other places.

 

My "argument" was, initially at least, not an argument, but witnessing yet another instance of the City haemorrhaging EU-traded assets because the implementation (ho-hum) of Brexit is tanking the passporting of UK services:  topically for the thread, it is an actual consequence, particularly now that Brexit has happened, technically if not (fully-) factually. A consequence long foretold, derided as 'Project Fear' at the time and since, but now realised.

 

Doing that should -maybe- prompt Leavers to reconsider the rest of what they badged 'Project Fear' back in the day, engage grey cells, and start risk-mitigating in anger, given there's now less than 100 days to factual Brexit, and they all still seem to believe in sunlit up,ands and unicorns this late in their game. Hey, I can dream, right?

 

The "argument" then developed along the recent FinCen leak, which -amongst other topics, particularly political corruption- reconfirms the prominent role of the City of London (major banks therein , of all 'nationalities') as a hotbed of money laundering practices, due to its longtime privileged links with BOT tax havens. It's obviously not a good look. But it's not as if this just started to happen in the past year or 3, nor as if I had a particular problem with it: I've been explaining, not criticising.

 

The banks will indeed continue to try and find ways to make profits out of deposits. That is their basic purpose. Always was.

 

The point of the mountain of financial regulation Directives pushed by the EU (with the ECB pushing strongly at the a55) since 2008 was, and continues to be, precisely to mitigate that 'reckless dealing' still further, and level down opportunities to pursue these (risky) schemes.

 

The efficiency of these Directives remains an open question at this time. But you can't blame the EU for trying. 

Edited by L00b

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I agree that long foretold probabilities,dismissed as Project Fear are fast becoming realities.

In addition to the financial institutions exodus from our shores,a leading item on today’s news is that supermarkets have calculated increased costs of £3.2 billion to the consumer as a result of tariffs on food in the absence of an agreement.

Surprise,Surprise.

Whatever next!!!

Loss of jobs as multinationals shift their manufacturing and offices.

Red tape and paperwork 

Transport delays.

And the benefits are???

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24 minutes ago, RJRB said:

I agree that long foretold probabilities,dismissed as Project Fear are fast becoming realities.

In addition to the financial institutions exodus from our shores,a leading item on today’s news is that supermarkets have calculated increased costs of £3.2 billion to the consumer as a result of tariffs on food in the absence of an agreement.

Surprise,Surprise.

Whatever next!!!

Loss of jobs as multinationals shift their manufacturing and offices.

Red tape and paperwork 

Transport delays.

And the benefits are???

A blue passport are you daft?

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1 hour ago, RJRB said:

I agree that long foretold probabilities,dismissed as Project Fear are fast becoming realities.

In addition to the financial institutions exodus from our shores,a leading item on today’s news is that supermarkets have calculated increased costs of £3.2 billion to the consumer as a result of tariffs on food in the absence of an agreement.

Surprise,Surprise.

(...)

It really isn't.

 

But that Kent Access Permit was. :shocked:

 

I wonder if there are Humberside and Anglesey ones in the works, since Hull and Holyhead are both facing the same issue as Dover (on a reduced scale, mind).

 

Benefits? Don't ask me, ask those who pushed for it.

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