Thursday 20 April 2017

Where do you get your information

Subject: Where do you get your information.

The man in the "Dog and Gun" has opinions obtained from aspects of his daily life and rightly bases much of his decision making on what he learns. Obviously his expertise is limited to where he/she sources the information and the creditability of that source.
One of the complaints people made leading up to the Brexit vote was the limited and very poor information on offer leading up to the vote and the use of political chicanery to try and persuade the voter one way or the other.
The BBC spend, a considerable amount of money broadcasting what goes on in Parliament. The discussions in the various committees which invite the people deeply involved in the issues to come in and be questioned on their specific expertise.

Today the Group Chairman of HSCB, the Chief Executive of the London Stock Exchange and the Vice Chair of Allianz Global Exchange were sitting and answering questions in one of the committees. Their knowledge and expertise on the financial ramifications of coming out was of the highest quality. The opinions and reasoned argument were edge of the chair stuff and I wish more people would watch and listen to these broadcasts rather than taking their position from the Daily Mail or the Guardian.Yes it's heady stuff.
Xavier Rolet the top man in the Stock Exchange was explaining how since the banking crash in 2007 the system was changed and rather than allow banks to clear their positions themselves in direct contact with who ever was the counter party, the system now is handled centrally in a 600 trillion dollar clearing house where all the deals are brought together and compressed into a multi currency settlement process. There are two centres London and New York which cover the world trade.
Douglas Flint the big boss of HSCB and Elizabeth Corley, a very articulate and savvy Vice President of Allianz added their wealth of experience to answer the often sceptical MPs about any specific downside to Brexit.
Another session had the boss of Air Bus and alongside him, the the leader of the Motor Vehicle Manufacturing Association.
These are not the sort of people you are likely to meet in the "Dog and Gun" and if you were willing to stick the course, you learn from the horses mouth, what actually we can expect depending what agreement is reached and what opportunities, if any, arise.
It should be compulsory on schools to feed this sort of discussion forum into their 6th form at the very least since they are going to be the ones having to deal with the Brave New World post exit.

No comments:

Post a Comment