Jim Mellon, the renowned British investors and book author, talks to a German group of family office principals about his view of Brexit, the Euro, and related subjects. Private event, filmed exclusively for Master Investor.
Пікірлер: 71
@moneyluser57115 жыл бұрын
"No chance Trump will win" "Theresa May a new Margaret Thatcher" aaaahahahaha!
@JeanDeLaBon7 жыл бұрын
Refreshing and concise presentation.... Great work ;)
@positiontrader82577 жыл бұрын
Thanks for this upload
@liarliarliar64957 жыл бұрын
What this lecture really comes down to is: 'You can't fix the market.' The Germans have had a god try but the chickens are coming home to roost.
@ralphylad7 жыл бұрын
Awesome talk; nice to hear some truth away from all the spin.
@enkeltrick47152 жыл бұрын
This did not aged well
@antonrudenham32597 жыл бұрын
He was right about the elimination of corporate tax,that's the first thing we responded with to the first sign of eu bullying with.
@MattDunton7 жыл бұрын
'Brexausted' - Love it!
@kevinbill95747 жыл бұрын
Hopefully this guy will be one of our negotiators... Ok, he got Trump wrong but most of us did
@roland200020004 жыл бұрын
I'm confused at 20.30 he starts talking about the Bundesbank getting paid back in"devalued lira or devalued French Franks or devalued Peseta". Surely non of these currencies are used any more?
@raymondroberts63045 жыл бұрын
We need you to educate the British public.
@hauskalainen6 жыл бұрын
The Euro has met ALL of the ambitions for it. Brits would now be significantly better off had we joined EMU in the late 90s at a realistic rate. The Euro has outstripped the pound in its ability to hold its value. Euro payments across national borders now cost the same as domestic payments. Ask any British company how much they lose on every foreign payment into the eurozone in exchange losses and bank charges.
@hauskalainen6 жыл бұрын
One year later. UK growth is the lowest in Europe, Inflation is the highest. Industry is tearing itself apart because nobody knows what is happening. Leaving the Single Market will damage inward investment and promote outward investment. Leaving the customs union will destroy life in the Irish border regions and may destroy the carefully constructed peace.
@donaldcrawford55774 жыл бұрын
now year 2020. how does that compare?
@digoryjohns20187 жыл бұрын
It's refeshing to hear the inevitable collapse of the euro described so candidly. Also your opinion of the ultimate impossibility of the Scots leaving the UK - you're probably right on that count too, Jim. But, having lived in Germany for the last 30 years, I was left feeling very uncomfortable by your apparent gullibility regarding the concern of the Germans for their suffering 'cousins' elsewhere in the eurozone. Were you just being diplomatic to a roomful of Germans? Do you really love Gemany so much? The old saw is that the EEC contruct was necessary in order to hide France's weakness and Germany's strength. Was that ever true... This dirty little compromise actually functioned quite well until the euro laid bare France's lamentable inability to focus on economic realities and left Germany as the sole leader of Europe, a role in which it is again failing. Why? Since the metamorphosis from a collection of weak pricipalities in the 19th century into today's industrial behemoth, the Germans have been consistently unable to distinguish between dominance and leadership. I think Timothy Snyder would agree with that. Germany has little in its playbook other than being the schoolyard bully; initially militarily, latterly moralisingly. This recurring source of resentment by its neighbours, repeatedly reinforces Germany's victim mentality. If you ever want a masterclass in finger-pointing, deflection, blame-shifting and even outright lying, try to pin a German down on his/her mistakes. To wit: if the Germans were really, genuinely, even avuncularly, sympathetic to the generational damage which the euro is inflicting, they would pull Germany out of the currency. This has to be the least bad of the only two organised options. (The nuclear option being that the euro has collapse imposed on it by the financial markets.) 1) Either the mediterranean countries pull out, leaving them with the odious choices of default, with its consequent reputational damage and probable loss of access to the bond markets - à la Argentina; or repaying (strong) euro denominated debt in sunken drachma/lire/pesetas/etc. An awful choice. 2) Or Germany leaves the euro and watches it sink against the newly resurgent deutschemark, along with a large part of its export market. It gets its debts repaid in trashy euros but, well, it foolishly lent the money in the first place (where was the due diligence, guys?) and, as David Graeber points out, loans can never be risk-free - for *either* party. The mediterraneans will at least have a chance of repaying their debts, if they want, but they can do it in a junk currency. Option (2) really is the only choice available to a country with pretensions to responsible leadership of the continent. But there's the rub. Does anyone remember the sick man of Europe in the late 90s? It was Germany, hamstrung by its strong deutschemark. After years of healthy growth using a 'deutschemark' branded drachma, they don't want to go back there. The price of this Faustian pact is the impoverishment of their eurozone partners. I instinctively puke these days when I hear the European rallying cry of 'SOLIDARITY!' So the Germans once more find themselves in the invidious position of playing a leading role in a European meltdown. That is indeed a tragedy for them. But it's tough and lonely at the top and leadership sometimes requires painful sacrifices. Until they are prepared to grow up, look their own foolishness and selfishness in the face and bite into the very sour apple necessary to liberate Europe this time around, I will remain implacably uncharitable in my criticism of them.
@donaldcrawford55774 жыл бұрын
My god, I'm still trying to digest this response. Seems ww1,ww2,east/west thing all rolled into one.Served in Germany mid to late sixties, beautiful country, never really felt welcomed. Must be the germanic thing.ps, re EU, east germans also part of the lot in EU headquarters. and all the ex Warsaw lot. Merkell apparently was raised in E/Germany, also her dad a minister of faith, just like T, May. Mind boggles. Well post virus, we will get back to normality. How many of us old codgers left is the big question.
@digoryjohns20184 жыл бұрын
@@donaldcrawford5577 Keep safe. Difficult times for the likes of you and me.
@sk00lb0y6 жыл бұрын
So many assumptions and overreaching with wild predictions for the future in the beginning of this lecture I'm apprehensive about the rest of the information contained within. He compared the BREXIT referendum results to the US presidential election in regards to the margin of victory. Massive problem with that comparison is that the United States presidential election is not decided by the popular vote, because the US is a Republic it is decided by electors.
@albertlabos84005 жыл бұрын
However, he is right on the button with the Euro. It is only a matter of time before it collapses. I would not short it just yet. It is not ripe. But sterling is a good long punt. The AUD ? A very tricky currency. Can be very volatile, but then you have to stay up all night waiting for it to suddenly lurch one way or the other. LOL.
@freerolll6 жыл бұрын
That moment when its the pound that crashed hard and lost 30% of its value compared to the euro in the time since this video
@danguee14 жыл бұрын
And - dear, oh, dear! - Summit Therapeutics. Share price is down at £20 from £162 (down 88% - yes, 88%)! Condor Gold - down 57%!! BP and Shell down - each a few percent. Imperial Brands down 41%! Persimmon down a few percent [sorry - I can't read the others on his slide] This guy is a genius (no?). Imagine all the money you could have lost if you'd followed these particular 'tips'........
@danguee14 жыл бұрын
This is actually quite funny. I have no doubt he has no self-awareness about how badly wrong the vast majority of his prophesies were.....
@Liedragon2 ай бұрын
The man is a complete idiot
@roland200020004 жыл бұрын
I'm a so called "populist"and I can tell you if it were not for the Euro I would support the European Union because it would be a European Union and not what is basically a coup.
@chris200419587 жыл бұрын
As soon as he mentioned his view of Trump i knew he was talking shite.
@danguee14 жыл бұрын
And finally gold. Yes the gold price is 17% up since the 27th October 2017. But there have been so many other investments that have done better in that time (my own, very diverse portfolio is up 20%) - and it took 18 months since that date before the gold price finally lifted off up and beyond the price it had been on that date. I'm afraid this is not very impressive stuff from a self-styled future trends guru......
@armandozessar49946 жыл бұрын
The World's fight Germany's in the past time,and now Germany's are leading the industrialised world;Italy's fight against Austrians and now Italians firm's are moving In Austrians territory's .Things about it people's.
@costakeith90487 жыл бұрын
'Trump is not going to win.' Hilarious! But makes me worry about the rest of his predictions.
@Jasonxxx-uv4be7 жыл бұрын
I was just gonna post that same comment. Thanks, brutha!
@flashers.52127 жыл бұрын
Costa Keith why everybody was so sure he wouldn't win beats me, my mate said to me in the pub last summer "Mark my words Ash, old Trump is gonna piss it!" (Win) he valets cars.🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸
@robinstimpson7407 жыл бұрын
dreamer
@nickob557 жыл бұрын
Can't win em all....I had a very large bet on Trump....although it was more Hillary not to win, but also had a bet on Wilders who was favourite for a long time and lost so goes to show how unpredictable things are at present, I think he is right about gold, not just because of the Euro situation but also the dollar which is potentially worse
@jamesfox90924 жыл бұрын
Time for a Hard Brexit, save fifty two billion £'s exit fee,,bring the EU DOWN AS YOU EXIT, offer all EU Member Nations one hundred billion credit LINE to purchase UK grown OR Manufactored goods if the also exit the EU. GO WTO!
@gloin102 жыл бұрын
Oh dear, that claim really did NOT age well, did it?
@albertlabos84005 жыл бұрын
Twaddle, pure and simple. Sovereignity, the ability for a nation to govern itself is not important to him and immigration is not important to him either. He would prefer to exist in an environment of disharmonious overcrowding by people whose values ideas customs and demands are completely alien and he does not care to be under the cosh of an undemocratic system in which civil liberties mean nothing, where there is a stream of impositions of arcane laws against which there is no appeal and this man occupies another universe whose belief structure is a disaster. Ridiculous.
@Prometheus72723 жыл бұрын
Theresa May the new margaret thatcher :D That didnt age very well
@danguee14 жыл бұрын
'over $5000/oz in the next few years'........ Lol
@davidcooper54424 жыл бұрын
oopppsss on the Donald Trump Prediction. I personally would say that Trump will get a 2nd term
@kwamebiko6067 жыл бұрын
JM, great lecture... you messed up the Trump / Clinton choice, but the rest is solid.
@rogerdiogo68934 жыл бұрын
I have socialist friends homeless, but they keep voting for the socialist machine.
@tommyedge21117 жыл бұрын
I bet on trump and did very well from a bookie .i will be betting on la pen in France .watch that one the odds are fantastic .but I'm pretty happy to bet on it .
@asArsenic6 жыл бұрын
Let's hope you made more off Trump than you lost on LePen.
@robertschofield15604 жыл бұрын
BOLLOCKS TO THE E U
@davidcavill15187 жыл бұрын
All gibberish and mumbling
@mattharperdevon7 жыл бұрын
Please justify why this is gibberish and mumbling.
@hitmanholland41327 жыл бұрын
you have to read the bible good.. frist we get the gog magog attack..
@stubones4 жыл бұрын
The EU needs to collapse and be tossed in the bin.