Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

IMF Warns of BrExit Apocalypse, Global Chaos if Britain Votes LEAVE in EU Referendum

ElectionOracle / EU_Referendum Apr 13, 2016 - 02:40 AM GMT

By: Nadeem_Walayat

ElectionOracle

The Paris based and tax payer funded IMF, headed by unelected bureaucrats and manned by academics paints a dire picture for not just Britain but the entire world, not that far from an Armageddon style mass extinction event if the people of Britain apparently vote for freedom in the June 23rd EU Referendum.


The key claim from the French institution is “In the United Kingdom, the planned June referendum on European Union membership has already created uncertainty for investors; a Brexit could do severe regional and global damage by disrupting established trading relationships,” said Maurice Obstfeld, the IMF’s chief economist.

David Cameron responded with - “The IMF is right - leaving the EU would pose major risks for the UK economy. We are strong, safer and better off in the European Union.”

Whilst George Osborne who has always been a critic of the french institutions utterances has now suddenly fallen in love with the IMF - “Today we have a stark warning from the IMF. For the first time they’re saying that the threat of Britain leaving EU is having an impact on our economy and they cut our growth forecast as a result. They say were we actually to leave the EU there would be a short-term impact on stability and a long-term cost to the economy.”

So this comes from an institution populated by academics and headed by bureaucrats of dubious character, for instance the last head of the IMF was forced to step down following a sex scandal, and the current head Lagaard is preparing to stand trial in France for alleged FRAUD! So it's no wonder that the IMF as a matter of routine gets it VERY BADLY WRONG! For the fundamental reason that IMF reports are NOT analysis but ECONOMIC PROPAGANDA. At least the people of Britain can vote out bad UK politicians, whilst instead the IMF bureaucrats egos of self worth continuously extend each year regardless of performance.

The bottom line is that institutions such as the IMF will always be several years behind the curve because they are populated with failed politicians and clueless academics whose primary objective is to pump out economic propaganda for those who fund the IMF.

The facts ?

The facts are that Britain via its annual £90 billion trade deficit (subsidy) with the European Union effectively finances a net 3 million EU jobs. Which means that if Britain were able to BRING home those 3 million jobs then that would act as a huge economic boost for Britain, though of course would push the EU further into its decade long economic crisis. Which is why the likes of he French IMF and OECD are pumping out propaganda today.

This follows hot on the heels of the UK governments propaganda leaflet at a cost to UK tax payers of £10 million which I dissected in the following video, revealing it's gaping holes that literally reverse every point in favour of LEAVE / BrExit.

https://youtu.be/_AaU3ZgRkeU

The bottom line is that the government and EU backed institutions such as the IMF are going to try their hardest to gerrymander the referendum outcome in their favour by means of pumping out a continuous stream of propaganda all funded by the tax payer so as to ensure that the European Elite continue in their project for the subversion of democracy as the trend for the whole of Europe is to be averaged down, aimed at achieving parity not just with the likes of the basket case eastern european nations but in a downwards spiral towards what we would see today as being undemocratic totalitarian states such as Putin's vicious regime or that of China's where many millions are seeking to flee its borders to the West before the central committee of the communist party screws things up and steals their wealth.

Ensure you are subscribed to my always free newsletter (only requirement is an email address) for new analysis and forecasts including for the following :

  • US Dollar Trend Forecast
  • UK Housing Market Trend Forecasts
  • US Stock Market Forecasts
  • US House Prices Detailed Multi-Year Trend Forecast
  • Gold and Silver Price Forecast

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in