Re: OT: Brexit

But since ‘16 smart economists have been ignored.

Sent from my iPhone

> On Aug 1, 2019, at 10:34 AM, Mark Davidson <[email protected]> wrote:
> 
> The real worry of wealthy hedge-fund managers like Rees-Mogg is that the EU
> will close down the tax havens where they keep their money, and force them
> to pay taxes like everyone else.
> 
> I don't know whether Rees-Mogg's hedge-fund is shorting Brexit-related
> stocks, but many others are. Some people stand to gain a lot of money if a
> no-deal Brexit results in the British economy crashing, and likewise to
> lose money if it doesn't.
> 
> It's notable that Rees-Mogg's father wrote a book called _Blood in the
> Streets: Investment Profits in a World Gone Mad_. And another, _The
> Sovereign Individual_ about disaster capitalism. It opens with the quote
> "The future is disorder".
> 
> Dominic Cummings, whom David Cameron described as a 'career psychopath', is
> now chief advisor to Boris Johnson. He is another great believer in
> 'creative chaos' to benefit the elite. He was behind the propaganda machine
> that won the Brexit referendum, with significant funding from shady
> billionaires.
> 
> On the other hand, both the Confederation of British Industry and the
> Trades Union Congress, in a rare show of agreement, have jointly and
> repeatedly told the government that a no-deal Brexit will be a disaster for
> Britain. British farmers have a justified fear that they will lose their
> livelihoods.
> 
> The general consensus among experts on world trade and trade agreements,
> and among economists, is that a no-deal Brexit will cause serious and
> lasting problems for Britain. The Irish, on both sides of the border, have
> even more concerns.
> 
> The pound has been steadily falling against the dollar since Johnson became
> Prime Minister. The Bank of England is predicting zero growth in the second
> quarter of this year, and has warned that even continuing uncertainty about
> Brexit may lead to a recession.
> 
> The facts do not support Brexit.
> 
> Mark D