If Jacob Rees-Mogg told me the sky was blue, I’d instantly believe it was Green.
“How dare you report what the BoE and every financial expert going is telling you!”
Desperate stuff.
This piece of works mask dropping to the floor with a clang in the mid 2010s and his cartoon character being found out is unironically one of the only (the one only?) benefits that Brexit has brought.
I still think its crazy in hindsight how he managed to spend years swindling progressive undergraduates and students etc that he was the *good* wholesome Tory and a funny tee hee posh person on Have I Got News For You.
>Despite an immediate market reaction to Kwasi Kwarteng’s fiscal event in September, Rees-Mogg said: “You suggest something is causal which is a speculation. What has caused the effect in pension funds … is not necessarily the mini-budget. I think jumping to conclusions about causality is not meeting the BBC requirement for impartiality.”
Ah yes, no causal link between the mini-budget and the chancellors announcement. Completely divorced events even though one followed the other as night follows day.
And now we’re to another round of shot the messenger
He’s probably just talking about his own pension not being at risk, which will probably come from an untraceable consultancy firm instead.
Well shit. That means pensions are definitely at risk.
Working till I drop it is then.
The BBC is a great attack line for the Tories (and the Labour Left), thanks to decades of propaganda from a nakedly politically biased press, owned by reprehensible billionaire tyrants, with a clear agenda to eliminate their largest commercial competitor
But even Mail readers must have read the IMF clearly stating that everything that’s happened in the last two weeks is isolated to the UK and a direct result of **Kwarteng**’s insane plans, which only he and Truss think are a good idea*
rees mugg, cant trust a single solitary word out of his gob
Delusion. Apparently bbc are not being impartial by presenting him with facts. Where’s the think tank guest to agree with what’s wrong he was saying?
Lots of pensions will be gone by the weekend…
His mouth is open so he must be lying, pensions are in extreme danger
Why is no one blaming the Pensions companies for this?
LDI has proved to be a dangerous unstable investment – But they knew this
• LDI is just a rather grave and costly mistake, at almost any level.
Can we put JRM and his ilk on a boat to Rwanda instead?
A question popped into my brain the other day that I can’t stop thinking about: Does any Brit hate the UK more than Jacob Rees-Mogg?
Not only was he a key player in Brexit, which as a disaster capitalist likely profited him personally pretty significantly, he’s now remaining at the top of power without doing anything worth doing. For example…
He’s taking us back to imperial measurements?! That has lots of costs associated with it for businesses and gov alike and zero benefits.
He goes around dropping off hand written notes to people working from home saying “sorry to have missed you”. Really worth a top ministers time.
He asked readers of The Express for Brexit benefits he could tout – when his whole role was Brexit Opportunities Minister. He couldn’t even do a job explaining the benefits of a plan he had pushed without outsourcing it to a reader’s poll.
He doesn’t have a computer on his desk. Imagine how low his productivity is compared to 21st century people.
He is lazy beyond belief and is using his role in government for his own personal enrichment at the expense of the British public.
Blarg
The BoE made clear they were very much at risk. Basically under this tory shambles everything is at risk. Except bankers bonuses and energy company windfalls.
So, the BoE just spent £65bil for no reason the other week. Plus the £5bil they are spending till Friday this week is for no reason as well.
He really thinks the public are idiots.
pensions are not at risk they will just have the spending power of a zimbabwean dollar
I fucking hate that thug hiding behind his posh accent. He is a disaster capitalist and should not be in government, let alone as the business secretary.
Why should we trust anything this piece of shit says ? He is actually part of the problem
This means they are and obviously they are. It’s a pyramid scheme
19 comments
If Jacob Rees-Mogg told me the sky was blue, I’d instantly believe it was Green.
“How dare you report what the BoE and every financial expert going is telling you!”
Desperate stuff.
This piece of works mask dropping to the floor with a clang in the mid 2010s and his cartoon character being found out is unironically one of the only (the one only?) benefits that Brexit has brought.
I still think its crazy in hindsight how he managed to spend years swindling progressive undergraduates and students etc that he was the *good* wholesome Tory and a funny tee hee posh person on Have I Got News For You.
>Despite an immediate market reaction to Kwasi Kwarteng’s fiscal event in September, Rees-Mogg said: “You suggest something is causal which is a speculation. What has caused the effect in pension funds … is not necessarily the mini-budget. I think jumping to conclusions about causality is not meeting the BBC requirement for impartiality.”
Ah yes, no causal link between the mini-budget and the chancellors announcement. Completely divorced events even though one followed the other as night follows day.
And now we’re to another round of shot the messenger
He’s probably just talking about his own pension not being at risk, which will probably come from an untraceable consultancy firm instead.
Well shit. That means pensions are definitely at risk.
Working till I drop it is then.
The BBC is a great attack line for the Tories (and the Labour Left), thanks to decades of propaganda from a nakedly politically biased press, owned by reprehensible billionaire tyrants, with a clear agenda to eliminate their largest commercial competitor
But even Mail readers must have read the IMF clearly stating that everything that’s happened in the last two weeks is isolated to the UK and a direct result of **Kwarteng**’s insane plans, which only he and Truss think are a good idea*
rees mugg, cant trust a single solitary word out of his gob
Delusion. Apparently bbc are not being impartial by presenting him with facts. Where’s the think tank guest to agree with what’s wrong he was saying?
Lots of pensions will be gone by the weekend…
His mouth is open so he must be lying, pensions are in extreme danger
Why is no one blaming the Pensions companies for this?
LDI has proved to be a dangerous unstable investment – But they knew this
See this from 2012 – https://www.actuaries.org.uk/system/files/documents/pdf/c3-problem-ldi.pdf
Summary – last slide –
• LDI is just a rather grave and costly mistake, at almost any level.
Can we put JRM and his ilk on a boat to Rwanda instead?
A question popped into my brain the other day that I can’t stop thinking about: Does any Brit hate the UK more than Jacob Rees-Mogg?
Not only was he a key player in Brexit, which as a disaster capitalist likely profited him personally pretty significantly, he’s now remaining at the top of power without doing anything worth doing. For example…
He’s taking us back to imperial measurements?! That has lots of costs associated with it for businesses and gov alike and zero benefits.
He goes around dropping off hand written notes to people working from home saying “sorry to have missed you”. Really worth a top ministers time.
He asked readers of The Express for Brexit benefits he could tout – when his whole role was Brexit Opportunities Minister. He couldn’t even do a job explaining the benefits of a plan he had pushed without outsourcing it to a reader’s poll.
He doesn’t have a computer on his desk. Imagine how low his productivity is compared to 21st century people.
He is lazy beyond belief and is using his role in government for his own personal enrichment at the expense of the British public.
Blarg
The BoE made clear they were very much at risk. Basically under this tory shambles everything is at risk. Except bankers bonuses and energy company windfalls.
So, the BoE just spent £65bil for no reason the other week. Plus the £5bil they are spending till Friday this week is for no reason as well.
He really thinks the public are idiots.
pensions are not at risk they will just have the spending power of a zimbabwean dollar
I fucking hate that thug hiding behind his posh accent. He is a disaster capitalist and should not be in government, let alone as the business secretary.
Why should we trust anything this piece of shit says ? He is actually part of the problem
This means they are and obviously they are. It’s a pyramid scheme