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In the News / Re: Do we really care about Brexit
« Last post by DORIAN on April 21, 2019, 15:49:59 PM »
forgive me, i am not talking nonsense..basically. he made a statement, basically, that was basically a bloody ;) lie
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In the News / Re: Do we really care about Brexit
« Last post by baldy on April 21, 2019, 15:38:00 PM »
never will forget the biggest lie of all regarding the money saved from the EU budget going to support the NHS, utter lying crap

To be fair anyone that believed that needs their head examined. Although many did, I overheard a f'wit in Morrisons talking about it.

One thing that I did get from the election is that many folk in the Uk are just too stupid to be allowed vote on such an important topic.


Er ... it was basically correct.   It was of course an exaggeration, but that was minimal compared to the outright lies put out during Project Fear.
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In the News / Re: Do we really care about Brexit
« Last post by baldy on April 21, 2019, 15:36:14 PM »
(I'm Gonna Tell) 500 Lies - Nigel Farage's Brexit Party manifesto anthem

Even if you voted leave and don't agree with the message This is quite funny


https://www.youtube.com/watch?v=v-xLmI352vE&fbclid=IwAR2v_9k57gXuEoa6hPD-6mGn9pZqfYfVFVKWqpPAYkMqp_gqAtsWdHKR2B0



It's a good bit of entertainment ...
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In the News / Re: Do we really care about Brexit
« Last post by baldy on April 21, 2019, 15:35:24 PM »
never will forget the biggest lie of all regarding the money saved from the EU budget going to support the NHS, utter lying crap


You are talking nonsense, Dorian.

It was not utter lying crap. It was basically true. The misleading bit was simply the size of the amount per week that could be saved by being out of the EU and which could be spent on the NHS or anything else.

The figure was the gross amount we have to put into the overall EU machine. It was not the correct net amount as the figure did not allow for the payments we receive back such as grants and subsidies.

It was true, sort of.

It was not wholly untrue.
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In the News / Re: Do we really care about Brexit
« Last post by Shizzy on April 21, 2019, 11:45:40 AM »
never will forget the biggest lie of all regarding the money saved from the EU budget going to support the NHS, utter lying crap

To be fair anyone that believed that needs their head examined. Although many did, I overheard a f'wit in Morrisons talking about it.

One thing that I did get from the election is that many folk in the Uk are just too stupid to be allowed vote on such an important topic.
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In the News / Re: Do we really care about Brexit
« Last post by DORIAN on April 21, 2019, 10:28:30 AM »
never will forget the biggest lie of all regarding the money saved from the EU budget going to support the NHS, utter lying crap
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In the News / Re: Do we really care about Brexit
« Last post by Maxi on April 21, 2019, 01:32:29 AM »
(I'm Gonna Tell) 500 Lies - Nigel Farage's Brexit Party manifesto anthem

Even if you voted leave and don't agree with the message This is quite funny


https://www.youtube.com/watch?v=v-xLmI352vE&fbclid=IwAR2v_9k57gXuEoa6hPD-6mGn9pZqfYfVFVKWqpPAYkMqp_gqAtsWdHKR2B0
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In the News / Re: Do we really care about Brexit
« Last post by baldy on April 20, 2019, 11:59:08 AM »
From The Financial Times own Pages

Not Project Fear But Project Fact

   For those in despair with Britain’s political class, I bring good news. Its top economists, those without a political axe to grind, made excellent Brexit forecasts both before and shortly after the June 2016 referendum. Politics might be in meltdown, but economics (this time) has been on the money.

The lesson is simple: listen to economists, but not to those peddling a political line. With such a good record over the first two-and-a-half years of the Brexit saga, it is not surprising the mainstream is still singing a similar tune about the long-term Brexit effects as they were three years ago. It will hurt, they say, potentially quite a lot.

No deal is the worst outcome; staying in the EU is best. Putting magnitudes on these general predictions, NIESR estimates the UK would miss out on a further 2.8 per cent of national income with a close relationship, rising to 5.5 per cent in a reasonably orderly no-deal scenario. These are noticeable losses.


https://www.ft.com/content/534e108a-4651-11e9-b168-96a37d002cd3


Yes, we've discussed this all before.

There will be an initial short-term hit that is little different to Labour coming into office and sending interest rates up and stock markets down and the pound down in sheer fear at how much Labour will ruin the economy.

It is simply common knowledge that there will be a short-term hit as the economy adjusts to BREXIT and until new trade is established across the world.

There is no new news here - it's just all overblown because too many senior managers and directors are more concerned about their bonuses than long term growth.
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In the News / Re: Do we really care about Brexit
« Last post by baldy on April 20, 2019, 11:54:48 AM »
Richard Tice “ran his own distressed debt advisory business until late 2009”.Distressed debt” is a branch of what many see as “vulture capitalism“, and involves buying up companies that have run into trouble, often because of dire economic conditions. The Guardian has described how this typically works:
“The funds circle struggling firms and buy their debt at a discount to gain control of the business. Usually hedge funds or proprietary desks at large investment banks, the funds may turn their debt into equity in a restructuring, gaining a stake or full control of the firm, or sell the assets in a liquidation, receiving a higher price for the debt than they paid for it.”

Many think that the economic chaos caused by a Hard Brexit will create the ideal conditions for “distressed debt” specialists such as Tice.


https://badboysofbrexit.com/2018/01/16/richard-tice/


This is simply an attempt at muck-raking about a legitimate business.

Buying distressed debt is a high risk business venture because the debts are often not repaid. Often, the business is simply going under and the obvious way to save it and recover the debt is to take it over and invest more of your own money to keep the business going and people employed and to run it properly so that profits occur to actually pay the debt back.

The story is pure crap written by a Green crap specialist.
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