Quote Originally Posted by Beanz View Post
Disaster capitalism is not in the interests of ordinary working people

From the financial data publicly available, Byline Times can reveal that currently £4,563,350,000 (£4.6 billion) of aggregate short positions on a ‘no deal’ Brexit have been taken out by hedge funds that directly or indirectly bankrolled Boris Johnson’s leadership campaign.
Most of these firms also donated to Vote Leave and took out short positions on the EU Referendum result. The ones which didn’t typically didn’t exist at that time but are invariably connected via directorships to companies that did.
Another £3,711,000,000 (£3.7 billion) of these short positions have been taken out by firms that donated to the Vote Leave campaign, but did not donate directly to the Johnson leadership campaign.
Currently, £8,274,350,000 (£8.3 billion) of aggregate short positions has been taken out by hedge funds connected to the Prime Minister and his Vote Leave campaign, run by his advisor Dominic Cummings, on a ‘no deal’ Brexit.
THE DISASTER CAPITALISM CLUB

Vote Leave Backers who Made Billions from Brexit



Peter Jukes


Does this £8 billion bet explain why the Prime Minister has said that he would rather “die in a ditch” before asking the EU for an extension? Is it the reason why Johnson is willing to defy the Benn Act that stops a ‘no deal’ Brexit? Is the £8 billion any kind of motivation to prorogue Parliament?
Under the Ministerial Code, Government ministers must have “no actual or perceived conflicts of interest”. But what could be a bigger conflict of interest than those bankrolling the Prime Minister also having a vast financial interest in a catastrophe for Britain?
It honestly doesn't explain anything. There's probably just as much money bet by similar firms the other way. The people on the other side of those eight billion short trades know just as much about how this might play out as the people making them. And eight billion is really not a lot of money believe it or not. On the amount of money being bet one way or the other over stocks, bonds, currency and various derivatives trades it's a drop in the bucket. Also, too, the tax evasion laws. There are endless ways to avoid taxes even when those laws come in. It's not that either.

What it is -- and it's nothing to do with Boris, he's just a ruthlessly ambitious cunt who campaigned for leave without expecting to win but expecting it to boost his chance sof becoming prime minister -- is that we have a bunch of free market nationalistic morons who believe that Britain can somehow become Singapore if we leave the EU. They want to scrap the NHS and most of the benefits system and have a low regulation low wage trickle down economy despite the evidence from every major economy over the last forty years that this is a disastrous idea. That's what we're heading towards too because we have a fundamentally thick electorate who are now motivated by nationalism more than anything else. When this results in a gigantic recession they'll use the massive budget problems to start chopping away at the NHS and the rest of the welfare state and just amp up the nationalism and racism when things get worse to help them stay in power. Things haven't even started to get bad yet but it won't be long now.