Post subject: Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Posted: Thu Jul 14, 2016 8:56 pm
Dally
International Chairman
Joined: Dec 22 2001 Posts: 14845
The EU will probably on economic grounds. The 2008 crisis has shaken it badly and continues to do do. It seems to me very likely that there will another major economic shock shortly. If and when that shock occurs I doubt very much whether the EU will be able to continue in its current form with its current membership.
Post subject: Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Posted: Fri Jul 15, 2016 9:10 am
Juan Cornetto
Player Coach
Joined: Aug 09 2008 Posts: 4934 Location: Living the Dream
Roy Haggerty wrote:Once again, it's important we don't allow groundless assertions of fantasy continue to replace what we used to know as "truth". There was enough of that in the campaign. None of what you describe will come true. It was just another UKIP delusion, knowing or otherwise.
The EU will be there in 15 years. There isn't another country in Europe with such a toxic press owned by right-wing millionaires which has pumped out so many lies about the EU for so long.
These "groundless assertions of fantasy" you refer to are presumably those remainiacs responsible for Project Fear who the new PM has rightly banished to the back benches. The next target should be to sack that over political Governor of the Bank of England who continues to talk down our economy and prospects. This is the man that predicted before the vote rises in interest rates and mortgages and after the Brexit vote now talks of a drop in interest rates. He has a long record of misleading the markets with his wrong predictions on interest rates. Time to go.
It is most unlikley that the EU in its preent form will remain for long. With a steady decline in it's trade as the rest of the world has been expanding highlights how uncompetitive it has become, it faces further crisises with the single currency, it's almost bankrupt banks, it's naive immigration policy, it's corruption, it's undemocratic and over bureaucratic base of power and it's remoteness from the wishes of it's people. It is difficult to say which is worst the EU or the Eurovision Song Contest. We are best out of both!
Roy Haggerty wrote:Once again, it's important we don't allow groundless assertions of fantasy continue to replace what we used to know as "truth". There was enough of that in the campaign. None of what you describe will come true. It was just another UKIP delusion, knowing or otherwise.
The EU will be there in 15 years. There isn't another country in Europe with such a toxic press owned by right-wing millionaires which has pumped out so many lies about the EU for so long.
These "groundless assertions of fantasy" you refer to are presumably those remainiacs responsible for Project Fear who the new PM has rightly banished to the back benches. The next target should be to sack that over political Governor of the Bank of England who continues to talk down our economy and prospects. This is the man that predicted before the vote rises in interest rates and mortgages and after the Brexit vote now talks of a drop in interest rates. He has a long record of misleading the markets with his wrong predictions on interest rates. Time to go.
It is most unlikley that the EU in its preent form will remain for long. With a steady decline in it's trade as the rest of the world has been expanding highlights how uncompetitive it has become, it faces further crisises with the single currency, it's almost bankrupt banks, it's naive immigration policy, it's corruption, it's undemocratic and over bureaucratic base of power and it's remoteness from the wishes of it's people. It is difficult to say which is worst the EU or the Eurovision Song Contest. We are best out of both!
Don't worry about avoiding temptation. As you grow older, it will avoid you! - Winston Churchill
Post subject: Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Posted: Fri Jul 15, 2016 10:09 am
billypop
International Chairman
Joined: Dec 22 2001 Posts: 3115
Ajw71 wrote:As we both don't appear to have time machines your claim that the EU will still be in existence in 15 years can just as easily be described as 'fantasy'.
I bet he's right and you're wrong. Now go and excite yourself - take that any way you want, with Uncle Rupert's latest proxy announcements.
Post subject: Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Posted: Fri Jul 15, 2016 7:17 pm
Ajw71
Player Coach
Joined: Feb 23 2006 Posts: 1978
billypop wrote:I bet he's right and you're wrong. Now go and excite yourself - take that any way you want, with Uncle Rupert's latest proxy announcements.
Post subject: Re: Will Brexit Be Blamed For Any Coming Economic Crisis?
Posted: Sat Jul 16, 2016 1:16 pm
billypop
International Chairman
Joined: Dec 22 2001 Posts: 3115
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?
We can now spend the next few years blaming all our woes on Brexit after spending 40 years blaming the EU. It's never our fault.
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