And the basis for this claim is…?

Dismissing those who argue that Britain could negotiate a trade deal with the EU once it had left – note carefully the FUD-inducing avoidance of any reference to negotiating before leaving the EU, which Article 50 provides – Kevin Daly, an economist with the universally admired and respected investment bank Goldman Sachs, is quoted by the Daily Telegraph:

Given the size and importance of the UK economy, it is unlikely that the UK could negotiate the same access to the EU single market that Switzerland and Norway have achieved.  In particular, the UK’s ability to conduct business in financial services across the European Union is likely to be severely compromised by a departure from the EU.

And what of the evidence for this assertion?  Come on reader, you didn’t actually expect such a facile claim to be supported with any evidence did you?  That’s not the way FUD works!  But clearly the FUD flood season is upon us.

This is the same Goldman Sachs which encouraged its investors to get their money into gold investments last year as it predicted the value would rise to $1,840 per ounce, then this year, in concert with other investment banks, encouraged its investors to sell out of their ‘paper’ gold positions forcing the price to crash – enabling Goldman and the others to cash in by stocking their own vaults with physical metal on the cheap while their investors were forced to trigger stop losses and pay huge amounts to cover margin calls.

We won’t be taking any lessons from this lot of self interested troughers either.

7 Responses to “And the basis for this claim is…?”

  1. 1 donwreford 21/05/2013 at 7:04 am

    What is the name Goldman suggestive of? is it really a surprise issue?

  2. 2 Autonomous Mind 21/05/2013 at 8:01 am

    Why don’t you spell it out, Don, for the sake of clarity?

  3. 3 katabasis1 21/05/2013 at 8:05 am

    …and the same Goldman’s who fraudulently enabled the Greek political class to shoehorn Greece into the Euro….

  4. 4 Jim 21/05/2013 at 9:45 am

    Isn’t the whole point with regard to London’s position as a global financial centre that being outside the EU would be a feature not a bug? Especially now that the EU seem hell bent on introducing a FTT? An independently governed FTT free financial centre just off of mainland Europe would be perfectly placed to hoover up all the business from the continent surely?

  5. 5 David Kelly 21/05/2013 at 9:48 am

    The basis for the claim is, “because we [the polical class and our fellow travellers] say so.”

  6. 6 Derek 21/05/2013 at 11:15 am

    The whole principal of the European Union was based on fraud and missinformation. Right from the start when we were told that it was just a common market, to the creation of the Euro, where we were told that everyone met the financial perameters to join the Euro. It has to colapse, it can not substain itself. Germany has started to tell the French that they must tighten their belts. The French will not like that. There is a growing movement in Germany in favour of leaving the Euro. In every other major Euro country there is a majority in favour of leaving the Euro, it is just kept going by the political classes. “Watch this space” as they say, and keep your heads down!!!

  7. 7 donwreford 22/05/2013 at 3:43 am

    FUD, is understandable in our present climate of Fear,Uncertainty, and doubt, is it unreasonable to have this malady rather than the optimistic stance of a alternative?
    It FUD is by design, and this alludes to the Rothschilds Banking Cartel, operating from London and Paris, the inner club consists of The Warburgs of Germany, Lazards of Paris, Rockefellows and Kuhn Loebs pf NY, and Lehmans and Goldman Sachs, the last 4 names central to NY, further reading to be found in Eustace Mullins, book, “The Secrets of the Federal Reserve” all part of the Jewish connection, who manipulate the market such as gold and are entrenched, consolidated as performance stars, the Tannaim or Eruf, may be acts in this play, however the pace now, set too fast for such obscurities, more to the point, who run governments and the mind set of many, who are unaware of this predicament and plight that now entangles the masses.

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