BREXIT

[endicottsteel]

Just why did the UK ever join any other groups or organizations?

we joined in the interest of being part of a trading zone. When it morphed into a totalitarian superstate by the backdoor we got out. simple as that. Just this week Spain & Portugal miss targets on their budget deficit and the EU is considering fining them lol. 2 points to note:

(i) who the hell do the EU think they are, fining sovereign countries lol.
(ii) fining someone who is effectively bankrupt is amazing stupidity.

Not a surprise they are discussing 'letting them off' the fine due to 'special circumstances'. You couldn't make this shit show up.

 

[conduit]

Not true. From the very beginning the EU was designed to be a political union first and foremost with its prime purpose to promote peace. You should read up on the history of the EU. The UK joined knowing full well it's intents and purposes. The UK should have never joined but instead should have opted for a pure trade deal with the EU.

we joined in the interest of being part of a trading zone. When it morphed into a totalitarian superstate by the backdoor we got out. simple as that. Just this week Spain & Portugal miss targets on their budget deficit and the EU is considering fining them lol. 2 points to note:

(i) who the hell do the EU think they are, fining sovereign countries lol.
(ii) fining someone who is effectively bankrupt is amazing stupidity.

Not a surprise they are discussing 'letting them off' the fine due to 'special circumstances'. You couldn't make this shit show up.

 

[endicottsteel]

Not true. From the very beginning the EU was designed to be a political union first and foremost with its prime purpose to promote peace. You should read up on the history of the EU. The UK joined knowing full well it's intents and purposes. The UK should have never joined but instead should have opted for a pure trade deal with the EU.

no mate you are full of it. We joined the European Community in 1973 which was entirely different to the EU which was formed in 1993. The roots of the whole project were in the steel & coal union, nothing to do with political union. The treacherous Gordon Brown signed the UK people into the Lisbon Treaty without consultation or public backing. no sane person could disagree that the the EEC morphed into the EU and political integration accelerated with time.

I don't know why we are even arguing about this, in 3 to 10 years there will be no EU.

some light reading for you

 

[conduit]

Different or not (everything in life evolves) but fact is that he EU or EC never was a pure trade union. Not even from the very beginning. You are falsifying facts and again I can only refer you to the source. Read the EU Charta and you will be enlightened.

Please go to the source not the opinions of an author.

no mate you are full of it. We joined the European Community in 1973 which was entirely different to the EU which was formed in 1993. The roots of the whole project were in the steel & coal union, nothing to do with political union. The treacherous Gordon Brown signed the UK people into the Lisbon Treaty without consultation or public backing.

some light reading for you

 

[endicottsteel]

Different or not (everything in life evolves) but fact is that he EU or EC never was a pure trade union. Not even from the very beginning. You are falsifying facts and again I can only refer you to the source. Read the EU Charta and you will be enlightened.

Please go to the source not the opinions of an author.

we joined the EC in 1973 mate. The EU and its charters did not come into force until 1993. So you are saying that when the UK joined the EC in 1973 the people voted for ever increasing political union. Are you a Luxembourger? you sound like you have been brainwashed. Although the corporate tax haven people of Luxembourg have done very well for themselves. They take a 1% rake off global companies whilst simultaneously stealing tax revenue off other european countries. They then argue for more european integration and regulation. They are skilled at the dark art of wealth transfer and have played a very good hand. Yes they cry 'we are Europeans' as they skim 1% off global companies like Starbucks, Amazon & Fed Ex.

 

[conduit]

Can you answer a single question please? Did the founding 6 member states agree on a joint use and development of nuclear power before or after the UK joined? Did the treaty of Rome occur before or after the UK joined? Because if before then there were plenty non trade related issues implemented on which all participating members agreed to cooperate on. Hence when the UK joined it was not a pure trade union.

Also Norway later opted out of membership and guess what happened to the EU. Did it implode? In the same way will the EU stomach the UK leaving. You can disagree with the principles of the EU and where it is heading but you can't falsify history and facts.

we joined the EC in 1973 mate. The EU and its charters did not come into force until 1993. So you are saying that when the UK joined the EC in 1973 the people voted for ever increasing political union. Are you a Luxembourger? you sound like you have been brainwashed. Although the corporate tax haven people of Luxembourg have done very well for themselves. They take a 1% rake off global companies whilst simultaneously stealing tax revenue off other european countries. They then argue for more european integration and regulation. They are skilled at the dark art of wealth transfer and have played a very good hand. Yes they cry 'we are Europeans' as they skim 1% off global companies like Starbucks, Amazon & Fed Ex.

 

[conduit]

So you are saying Luxemburg steals revenues through taxation of global companies but take no issue with the UK abetting tax fraud by global companies operating in the jurisdictions of the UK? Hilarious. Typical example of hypocracy

we joined the EC in 1973 mate. The EU and its charters did not come into force until 1993. So you are saying that when the UK joined the EC in 1973 the people voted for ever increasing political union. Are you a Luxembourger? you sound like you have been brainwashed. Although the corporate tax haven people of Luxembourg have done very well for themselves. They take a 1% rake off global companies whilst simultaneously stealing tax revenue off other european countries. They then argue for more european integration and regulation. They are skilled at the dark art of wealth transfer and have played a very good hand. Yes they cry 'we are Europeans' as they skim 1% off global companies like Starbucks, Amazon & Fed Ex.

 

[Martinghoul]

But not in the US. They clear through there European partner.

Yes, so it's just a matter of having a European subsidiary. That's the point. Everyone will still be able to operate mostly out of London, if you have a token subsidiary somewhere in Europe.

Ha, so now they are just expendable? Last week that was an impossibility to happen and now it does not matter anymore because they cost the UK? Wow I hope that is not your personal conviction, Martinghoul. I would find it quite disturbing. But then that is what most think about Brits at the moment. Whatever benefits them the most will be done. Completely unwilling to group play or compromise. Just why did the UK ever join any other groups or organizations? It's contradicting because on one hand Brits claimed they were a net payer in the EU (which is correct) and yet they must have perceived benefits that outweighed the costs but that thought must have changed over time. Must be immigration, stupid.

Hmmm, you got it backwards. The UK is all about group play and compromise, quite heavily, definitely where Scotland and NI are concerned. Nobody is forcing Scotland to leave the UK. However, if they decided to do it, they need to appreciate the economic realities of the UK as a union. Since this topic is often brought up in the context of the UK leaving the EU, let's at least be consistent.

And yes, like others have said, it's a fact that the EU has evolved over the years. The citizens of the UK decided that the current EU is too much. I think other posters have mentioned this.

Tom Hayes never traded anything more involved in regards to derivatives than swaps, certainly not caps, floors, or swaptions or exotics. At least not what I have heard. Please correct me if I am wrong as i would not bet the farm on this one.

He traded the short end linear derivs, e.g. FRAs, swaps etc. Not vol.

Why would you think so of Frankfurt? It's a small town but so is Zurich or Geneva

No investment bank wants to be subject to German law. I know this first hand.

 

[oldnemesis]

So we go on and on...and on and on and on.

I am amazed the monitors have allowed this thread to continue here in Options.

When I started the thread I was simply interested in looking at option trades that took advantage of the BREXIT. A goal long lost.

This constant bickering and nit-picking is really boring and I wish you people would find a different forum to exercise you little egos.

I can tell you that the net effect on me is to have a lot of sympathy for your families...if any.

MONITORS: this thread has nothing to do with options and should be moved.

 

[conduit]

Just saw that, highly interesting and unusual: "DJ: *DJ UK Defense Equipment Minister Says Britain Took Out Currency Hedges Before Brexit Vote"

So, a government body heavily shorted its own currencies (equivalent to buying puts on the pound) beforehand? First of all I have not seen any sizable trades beforehand (and I am very closely in touch with OTC cash order flow and options, traded), secondly, this seems highly unusual and questionable.