Lloyds Banking Share Discussion Threads

[minerve 2] 07/7/2019 18:53

“financial cesspit that is London”

Yep, for sure.

[bargainbob] 07/7/2019 18:48

Craig Murray
Between just 28 May and 10 June Boris Johnson received £235,500 in “private”; donations, to himself personally, as he prepares to become the UK’s unelected Prime Minister.





The blatant corruption of the UK’s political system is part of the reason for popular alienation from the ruling classes. It was Blair who elevated British politics to US levels of shamelessness in the matter of politicians’ self enrichment, and Johnson looks set to follow the Blair example. While some may pretend to do so, I do not accept that there is anybody who is naive enough genuinely to believe that such donations do not influence politicians’ policy decisions.

Straight donations aside, the slightly disguised corruption of our political system should also be taken into account. The banks put politicians in their pockets not through direct payments, but through massive, often six figure, fees they pay them for “speaking at dinners”. That is how Hillary Clinton garnered much of her Wall Street funding. In the case of Boris Johnson, it is interesting that in the House of Commons Register of Members’ Interests, he frequently lists the name of the speaking agency who paid him, but not who the client was.

Another way to pay less obvious bribes – and one particularly pursued by New Labour – was the book deal, where publishers pay massive six figure advances to politicians which are, routinely, up to ten times the actual royalties earned for which they are an “advance”;. This only makes sense when you realise that every single one of the major publishers is owned by a much bigger multinational – for example until recently Murdoch owned HarperCollins.

James Reuben, who gave two donations totaling £50,000 to Johnson, is the scion of the UK’s second wealthiest family, worth £18 billion. The Reubens made their money, like Roman Abramovich and Alisher Usmanov, in the pillaging of Russia’s massive metal producing assets, which were physically seized by gangsters, in the chaotic US organised Yeltsin privatisation process. The entire basis of their vast fortune was the exploitation of assets effectively stolen from the Russian state and people.

There is a fascinating link here to New Labour corruption that shows how entirely rotten Westminster is. Many will recall Peter Mandelson’s famous meeting with Oleg Deripaska and Nat Rothschild on the yacht in Corfu, at a house party where George Osborne was also around. The full story has never appeared in mainstream media, so far as I can judge.

Deripaska had been involved with the Reubens in Russia’s “privatised221; aluminum market, and in 2008 was also involved in business with Nat Rothschild. Putin was determined to try to claw back some control of precious commodity markets from the oligarchs who had plundered them, and he started to lean on Deripaska, in ways which were quite threatening, to make some hefty repayment. Nat Rothschild had obligations to Deripaska which the oligarch was trying urgently to call in, and this process required the sale of shares in (if I remember correctly) Canadian or US aluminium companies. The big obstacle to this raising the needed money to get back to Putin was the high EU tariff on aluminium.

By one of those wonderful coincidences which make life so joyous, happily Peter Mandelson was, absolutely independent of the meeting on the yacht or his own relationship with Nat Rothschild, persuaded of the need for the EU to reduce aluminium tariffs and as UK Trade Minister and then EU Trade Commissioner was able to secure very large reductions in EU aluminium tariffs indeed. So they all lived happily ever after.

Isn’t that nice? And even nicer, Mandelson is now a paid adviser to Deripaska on climate change.

So Boris Johnson’s donations and Mandelson’s dealings all link in to the pillaging of Russia’s formerly state run metals industry, which legalised theft accounts for a dozen of the world’s wealthiest billionaires and a high proportion of its political corruption.

I want Scottish Independence to try to set up a smaller, more manageable national entity in which corruption can be better reduced, (and sadly it will never be eliminated). I find the insider knowledge I have from my days as a British Ambassador and from the connections I then made, weighs horribly heavy upon me. If I knew less, I guess I would be less sad and less cynical.

It has become my firm belief that the destruction of the UK state by the SNP and Plaid Cymru, and the purging of the financial cesspit that is London by Jeremy Corbyn, are both essential to human progress.

———;——̵2;——R12;——212;——

[maxk] 07/7/2019 18:47

Deutsche calls time on global banking ambitions by cutting 18,000 jobs and setting up €74bn 'bad bank'







Harriet Russell Ben Wright
7 JULY 2019 • 4:15PM



Deutsche Bank has effectively called time on its global banking ambitions after it unveiled a much more radical than expected restructuring on Sunday.

This will include setting up a "bad bank" stuffed with €74bn of toxic assets, closing down large units in its investment banking arm - including equities trading - and laying off about a fifth of its workforce.

Following a supervisory board meeting in Germany at the weekend, the troubled bank said the drastic measures were needed to battle falling revenues and rising costs. The overhaul is expected to cost around €8bn.

The strategic U-turn closes the chapter on Deutsche Bank's decades-long ambition to compete as a top-tier global investment bank...



More:

[maxk] 07/7/2019 18:40

Walter Mitty (aka Rory Stewart) outlines 'alternative parliament' to stop no-deal Brexit


Tory MP says Betty Boothroyd could be enlisted as Speaker if Johnson prorogues parliament


Patrick Wintour Diplomatic editor

Sun 7 Jul 2019 16.37 BST

[fatnacker] 07/7/2019 18:34

minerve that kinda makes my point about alphorns scenario being utterly unrealistic, thanks for that.

[minerve 2] 07/7/2019 18:15

Fatnacker

They met down the pub. People who want to act on inside information are unlikely to create an email trace!

LOL

I guess they might if they were as stupid as you.

[bargainbob] 07/7/2019 17:36

Xxxxy , what you make of the claims a had Brexit will now cost 220 billion ?

[bargainbob] 07/7/2019 17:36

Exlogic , yes I can . Though you need to check that the site accepts it or use the edit button .

[gaffer73] 07/7/2019 17:31

Say no more then!

[xtrmntr] 07/7/2019 17:14

Somebody called Royston Wilde. Motley Fool I think

[alphorn] 07/7/2019 16:59

fatnacker - wire fraud is based upon false representation or promises. It is called wire fraud because it usually uses wire/electronic communications (hence the name). Do you actually invest in anything?
Last post on the subject. You can study the subject yourself if it interests you.

[xxxxxy] 07/7/2019 16:51

LEAVE WTO and save 39billion for the British People

[xxxxxy] 07/7/2019 16:50

Not that anyone’s really expecting him to be in it anyway after his recent antics, but David Gauke has clarified that he would “resign in advance” from a potential Boris Cabinet if he was required to sign up to leaving the EU on October 31st deal or no deal.

Funny how he didn’t feel the need to make the same clarification about a Jeremy Hunt Cabinet, despite Hunt also backing no deal just with more woolliness around the date. Or that he never felt the need to resign from a May Government that had “no deal is better than a bad deal” as its official policy for well over two years…

Order order

[xxxxxy] 07/7/2019 16:44

EUSSR is a horrible corrupt place. It is Animal Farm in our time.

LEAVE and WTO

Boris for PM.

LEAVE and LEAVE and LEAVE

[xxxxxy] 07/7/2019 16:42

James Bertram
Posted July 6, 2019 at 5:06 pm | Permalink

BCL – This reminds me of ‘the 40 hidden horrors lurking in the Withdrawal Agreement’ Spectator article:

The Mandelson Pension Clause: The UK must promise never to tax former EU officials based here – such as Peter Mandelson or Neil Kinnock – on their E.U. pensions, or tax any current Brussels bureaucrats on their salaries. The EU and its employees are to be immune to our tax laws. (Article 104)

Furthermore, the UK agrees not to prosecute EU employees who are, or who might be deemed in future, criminals (Art.101)

I wonder whether Theresa May, in tenaciously pursuing this abominable deal, had in mind becoming an EU employee herself, sometime in the future?

Merkel and her Bilderberg chums might still want to express gratitude?

[exlogiclad] 07/7/2019 16:17

bob..you can post thoese boring pics ok, but you can't post a link.

[bargainbob] 07/7/2019 16:16

Jacko , yes it hard for Exlogiclad down south .

[bargainbob] 07/7/2019 16:11

Time to get the tanks off the lawn .

[minerve 2] 07/7/2019 16:02

Inside information is what it is. If it wasn't inside information then it would be broadcast and all would be able to act on it. If it is only privy to certain investors they can act, or choose not to act, on such an event to their advantage and to the disadvantage of those that don't have the information. That is why we have a Regulated News Service so that we have best endeavours of a fair market for all primary and secondary players. If we had a class of investors that had inside information where others hadn't - without restriction on share ownership behaviour - the whole stock market would fail because secondary market players would get sick and tired of playing second fiddle to a privileged set and losing out. The secondary market would fail, the primary market would follow and the economy and businesses would stall because capital market liquidity would crash. It wouldn't happen all of a sudden, it would be a slow, chronic death.

[careful] 07/7/2019 16:01

If you want to game the system look at it from the eu. point of view.

EU. Could be thinking.

We want Britain in the EU. and we could do it. We (the EU.) must refuse to negotiate with Boris Johnson, he will try for no deal, political chaos, falling pound, crashing stock markets, all in an economy that is turning down.

This could lead to a second referendum that remain will win by a margin, or even a general election.

Hold tight say the EU. concede nothing, we could pull it off, especially after the EU. election analysis.

Farages ukip/brexit/national front party will attract their usual 5-6m but not enough to change anything.

[careful] 07/7/2019 15:53

What makes me laugh most is the debate about; 'will Boris be true to his word and deliver brexit on the 29th, even if it means no deal',?

Another ignorant argument.
It is not within his gift, everyone should have learned from Theresa that there are severe limitations to the power of a PM.

Even Blair could not have gone to war with Iraq if parliament had voted it down.

A PM has many powers but recent years we have been given a lesson in limitations of that power.

Boris should say, 'I will try to leave on the 29th if parliament lets me, but I really would like a better deal. Between you and me, and this is in confidence, all of this no deal nonsense is bluff, think poker. It will help us get a better deal if the EU. believe it'.