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UK operators already carry out enhanced checks on politically exposed persons (PEPs), but this case shows the limits of those safeguards, Bethan Lloyd, partner at law firm Wiggin, recently told iGB.
“PEP status does not prevent someone from gambling,” Lloyd explained. She said PEPs are entitled to bet, but not on events where inside information gives them an unfair advantage.
A low ranking MP or parliamentary aide is unlikely to meet the threshold for PEP status. She argued it would place an onerous burden on operators to verify every customer’s occupation.
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Both sides are in decent form in general in the Premier League having returned in consecutive years. Aston Villa stayed up by the skin of their teeth in the 2019/20 season, but have kicked on under Dean Smith and in Grealish, Watkins and Traore, have some of the most dangerous attacking players in the Premier League.
Leeds, meanwhile, look set to survive in their first season back in the big time and with some room to spare, currently well clear of the relegation zone and looking more towards mid-table and possible European qualification along with their hosts on Saturday evening.
As such, there should be plenty of licence for both sides to attack each other and we can see there being some great entertainment on offer at Elland Road.
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When that happens, commodities prices are going to get completely unhinged. The cash on corporate balance sheets is going to start losing purchasing power very fast. And that will only encourage more dumping of it, and increase the positive feedback loop now already in place.
They can dump it for BTC, sure. But that’s not going to help at all. Why not? Because the value of BTC depends entirely on the U.S. dollar still being usable in a basic sense as a currency. If the dollar falls, so does BTC, because BTC is not fundamentally useful other than as a way of transferring dollars or other fiat currencies. If there is no value to transfer, there is no value to the transfer tool. Corporates are going to have to dump extra paper currency for gold, quickly, yesterday, or they are going to lose everything. Same for individuals. Time is almost out now, I’m sorry to say. Good luck out there, and if you want a guide during these crazy times of monetary chaos, follow me on SeekingAlpha, and sign up for a free trial at The End Game Investor.
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