Thread by @karolcummins

‼️The Brexit Short:

The Brexit Short: How Hedge Funds Used Private Polls to Make Millions

bloomberg.com/news/features/…

Just four minutes after the polls had closed, and with meaningful vote counts still more than two hours away, Sky had aired a (False) concession from Nigel Farage, the world’s most prominent Brexit backer, buttressed by data from YouGov.

bloomberg.com/news/features/…

In a few hours these “scoops” would prove spectacularly wrong,

The news pushed the U.K.’s currency up—herding investors toward a cliff hours ahead of one of the largest crashes for any major currency since the birth of the modern global financial system.
bloomberg.com/news/features/…

📌Investors rushed to dump European shares as soon as markets opened, following earlier drops in Asia, and Wall Street was set to fall sharply amid concerns about the economic consequences of the vote.
usnews.com/news/business/…

The move could drain confidence among companies and business in Britain and the wider EU, which some fear could even face more defections.

Goal of the Putin’s Bad Boys of Brexit?

usnews.com/news/business/…

BOLTON has made no secret of his contempt for the EU and has been publicly calling for a clean cut Brexit which would allow the UK to deregulate & strike its own free trade deal with the US & other foreign interests.

READ THIS ARTICLE
desmog.co.uk/2019/01/24/mee…

Britain's FTSE 100 plunged about 8 percent but recovered slightly for a 5 percent loss. The German index tanked 10 percent, which would be its biggest one-day decline ever, and France's index tumbled about 7 percent.
usnews.com/news/business/…

Then Wall Street was due to open sharply lower, with Dow and S&P 500 futures down 2.4 percent and 3.2 percent.

The pound hit its lowest level since 1985, diving as much as 11 percent before recovering slightly to trade 6 percent lower at $1.3917.
usnews.com/news/business/…

Oil prices crashed, with the U.S. benchmark diving $1.95 to $48.16 a barrel. The Nikkei 225 plummeted about 8 percent, its biggest fall since 2008.

📌Who profited from shorting the market?
usnews.com/news/business/…

How does Brexit affect the pound?

📌Enormously— it still hasn’t fully recovered.

Pillage💰, destabilization, divide & conquer is Putin & his co-conspirators’ goal. #AntiEU #AntiNato
bbc.com/news/business-…

Trump’s 19th century worldview aligns with Putin’s sphere of Anti EU/NATO interest in Europe.
politico.eu/article/russia…

📌Trump wants to gain Moscow’s partnership in pivoting back to the Middle East, a strategic realignment that may sacrifice European security as the cost of Russian collaboration.
politico.eu/article/russia…

^^ article 3/17, this Today:

Jerusalem to host ‘unprecedented’ Israel-Russian-US security summit
US National Security Advisor John Bolton and Russian counterpart Nikolay Patrushev expected to discuss Syria, Iran with Meir Ben-Shabbat next month

timesofisrael.com/jerusalem-to-h…

@threadreaderapp unroll please and thank you

#BrexitCausedPoundDevaluation