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Everyone except those that keep their money in the British offshore banking system, the real reason behind Brexit as Eu banking regs would have been a big probl
by airbreather 3y ago
Everyone except those that keep their money in the British offshore banking system, the real reason behind Brexit as Eu banking regs would have been a big problem.
It is estimated that half of the worlds wealth resides in the British offshore banks.
- quibono 3y agoWould you happen to know anything one can read about this? Sounds interesting.
- alimw 3y agoI guess this is the banal reason why most conspiracy theories take off. They "sound interesting".
- freddybobs 3y agoThere is a documentary about this called "the spiders web" https://thoughtmaybe.com/the-spiders-web/ https://thoughtmaybe.com/the-spiders-web/ https://www.youtube.com/watch?v=OYfnkLurLA8 https://www.youtube.com/watch?v=OYfnkLurLA8
- naveen99 3y agoAlmost half of the worlds wealth is in real estate, which is hard to store offshore or in a bank. British banks probably store less than $5 trillion or less than 1% of global wealth.
- MichaelZuo 3y agoIt's possible that a large fraction of outstanding mortgages are owned by intermediaries that ultimately reside in such an arrangement. But half does seem like an exaggeration. 1/10 would be more believable.
- naveen99 3y agoLeverage in residential real estate is minimal. Probably less than 30% globally.