WWW.RLFANS.COM :: View topic - Will Brexit Be Blamed For Any Coming Economic Crisis?

Leaguefan wrote:No!
Brexit is the panacea for all the countries problems.
Within a few years we will all be rolling in it.

LeighGionaire wrote:The global financial system is just a giant ponzi scheme that should have collapsed in 2008 but the global elites persuaded governments around the world to bail out the failing banking system, with austerity imposed on the masses to pay for it.

They preach capitalism yet when the banksters run into trouble they are bailed out by Government, showing total hypocrisy and avoiding the rules they impose on others.

However all the bailouts did was delay the inevitable. The (mainly western) world is drowning in unpayable debts as Greece know to their cost. The system will eventually fall like a house of cards. I thought Greece would be the trigger but now it could well be Brexit (although the Italian banking system is on the verge of collapse and Deutsche Bank has been rated the biggest threat to the financial system by the IMF.)

With this in mind will the millions of working class Brexit voters become the fall guys, blamed for any collapse and castigated for the crimes of the financial elites who flooded the world with toxic debts?

Roy Haggerty wrote:It's a fairly straightforward assessment. If many different countries across the globe suffer economic collapse simultaneously, it's unlikely that Brexit is to blame, although one shouldn't rule out the possibility that fear of a British collapse can have an impact on the world markets.

However, if the UK suffers an economic slowdown or collapse which is significantly worse than other countries, then it's a fairly solid bet that Brexit is to blame.

At the moment, given the devaluation, the freezing of property funds, the sustained 10% drop in the FTSE 250, and the increasing jungledrums of firms suspending investment and recruitment decisions, the second option looks a pretty safe bet.

The Devil's Advocate wrote:No, because everything is now going to be fine & dandy.

Just ask Boris, Gove & Farage.

Better not though, because they've all left the scene of the crime :lol:

GUBRATS wrote:Not forgetting ' chicken ' Dave

Not sure exactly how Nigel could have contributed

Not too upset that Boris and Gove are out of the frame

Author:	LeighGionaire [ Thu Jul 07, 2016 8:09 pm ]
Post subject:	Will Brexit Be Blamed For Any Coming Economic Crisis?
The global financial system is just a giant ponzi scheme that should have collapsed in 2008 but the global elites persuaded governments around the world to bail out the failing banking system, with austerity imposed on the masses to pay for it. They preach capitalism yet when the banksters run into trouble they are bailed out by Government, showing total hypocrisy and avoiding the rules they impose on others. However all the bailouts did was delay the inevitable. The (mainly western) world is drowning in unpayable debts as Greece know to their cost. The system will eventually fall like a house of cards. I thought Greece would be the trigger but now it could well be Brexit (although the Italian banking system is on the verge of collapse and Deutsche Bank has been rated the biggest threat to the financial system by the IMF.) With this in mind will the millions of working class Brexit voters become the fall guys, blamed for any collapse and castigated for the crimes of the financial elites who flooded the world with toxic debts?

Author:	GUBRATS [ Thu Jul 07, 2016 8:33 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Probably

Author:	Leaguefan [ Thu Jul 07, 2016 9:03 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
No! Brexit is the panacea for all the countries problems. Within a few years we will all be rolling in it.

Author:	GUBRATS [ Thu Jul 07, 2016 10:36 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Leaguefan wrote:No! Brexit is the panacea for all the countries problems. Within a few years we will all be rolling in it. Unlikely , but you might be right , or not

Author:	Roy Haggerty [ Thu Jul 07, 2016 10:47 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
LeighGionaire wrote:The global financial system is just a giant ponzi scheme that should have collapsed in 2008 but the global elites persuaded governments around the world to bail out the failing banking system, with austerity imposed on the masses to pay for it. They preach capitalism yet when the banksters run into trouble they are bailed out by Government, showing total hypocrisy and avoiding the rules they impose on others. However all the bailouts did was delay the inevitable. The (mainly western) world is drowning in unpayable debts as Greece know to their cost. The system will eventually fall like a house of cards. I thought Greece would be the trigger but now it could well be Brexit (although the Italian banking system is on the verge of collapse and Deutsche Bank has been rated the biggest threat to the financial system by the IMF.) With this in mind will the millions of working class Brexit voters become the fall guys, blamed for any collapse and castigated for the crimes of the financial elites who flooded the world with toxic debts? It's a fairly straightforward assessment. If many different countries across the globe suffer economic collapse simultaneously, it's unlikely that Brexit is to blame, although one shouldn't rule out the possibility that fear of a British collapse can have an impact on the world markets. However, if the UK suffers an economic slowdown or collapse which is significantly worse than other countries, then it's a fairly solid bet that Brexit is to blame. At the moment, given the devaluation, the freezing of property funds, the sustained 10% drop in the FTSE 250, and the increasing jungledrums of firms suspending investment and recruitment decisions, the second option looks a pretty safe bet.

WWW.RLFANS.COM https://rlfans.com/forums/

Will Brexit Be Blamed For Any Coming Economic Crisis? https://rlfans.com/forums/viewtopic.php?f=11&t=597118	Page 1 of 7

Author:	GUBRATS [ Thu Jul 07, 2016 10:53 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Roy Haggerty wrote:It's a fairly straightforward assessment. If many different countries across the globe suffer economic collapse simultaneously, it's unlikely that Brexit is to blame, although one shouldn't rule out the possibility that fear of a British collapse can have an impact on the world markets. However, if the UK suffers an economic slowdown or collapse which is significantly worse than other countries, then it's a fairly solid bet that Brexit is to blame. At the moment, given the devaluation, the freezing of property funds, the sustained 10% drop in the FTSE 250, and the increasing jungledrums of firms suspending investment and recruitment decisions, the second option looks a pretty safe bet. This is what happens when you try to leave the ' Mob ' we'll have the proverbial horses head next

Author:	The Devil's Advocate [ Thu Jul 07, 2016 11:49 pm ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
No, because everything is now going to be fine & dandy. Just ask Boris, Gove & Farage. Better not though, because they've all left the scene of the crime .

Author:	GUBRATS [ Fri Jul 08, 2016 7:11 am ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
The Devil's Advocate wrote:No, because everything is now going to be fine & dandy. Just ask Boris, Gove & Farage. Better not though, because they've all left the scene of the crime . Not forgetting ' chicken ' Dave Not sure exactly how Nigel could have contributed Not too upset that Boris and Gove are out of the frame

Author:	Mintball [ Fri Jul 08, 2016 7:24 am ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
GUBRATS wrote:Not forgetting ' chicken ' Dave Not sure exactly how Nigel could have contributed Not too upset that Boris and Gove are out of the frame Farage certainly was the 'head' of a large group in the European parliament. In the aftermath of the vote, he stated that the Tory Brexiteers would not just push him into touch, but that he would use that position to take charge of Brexit negotiations.

Author:	bren2k [ Fri Jul 08, 2016 11:17 am ]
Post subject:	Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Enron was an indicator of how huge institutions are allowed to play fast and loose with billions of investors capital - there were lessons in that collapse that were not acted on by the US Government; although one patsy did go to jail. The subsequent semi-collapse of the western financial system, headlined by the US sub-prime lending market but not solely confined to that, was another opportunity to reform - and the OP is right that instead, the institutions involved reduced slightly in number, but were bailed out by a Washington/Wall Street cabal, and have by now returned to business as usual; much the same happened here, with financial institutions that were bailed out with tax payers money, now paying out $billions in dividends and bonuses. I'm not sure there's a viable way to unpick the system now - it's been allowed to evolve into something so complex and interdependent that many major economies now rely on amazingly clever people who don't actually make or produce anything. As for Brexit - the FT has this to say today: "Brexit has unleashed a different sort of currency depreciation, according to modern economics, one that is less likely to encourage domestic investment for exports, is more likely to raise inflation and will be more painful for hard-pressed families. As David Miles, a former MPC member, told MPs soon after the referendum: “I am not terribly optimistic that, if sterling now stays at the current level, we should expect a marked increase in exports from the UK and a significant reduction in the current account deficit”. Hardly the land of milk and honey that Gove, Boris (he never believed it anyway) and Nige promised?

Page 1 of 7	All times are UTC [ DST ]
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group http://www.phpbb.com/