Most Popular
1. Dow Max Drawdown Bear Stock Market 2022 - Accumulating Deviations from the Highs - 21st Feb 22
2.Putin Starts WW3 in Ukraine, Will Use Tactical Nuclear Weapons, China Prepares Taiwan Blitzkrieg - 28th Feb 22
3.World War 3 Phase 1 - Putin WINS Ukraine War! - 25th Feb 22
4.INVESTORS SEDUCED by CNBC and the STOCK CHARTS COMPLETELY MISS the BIG PICTURE! - 10th Feb 22
5.Will There Be A 2024 US Presidential Election? - 3rd Mar 22
6.Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22
7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22
8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22
9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22
10.M = F - Everything is Waving! Stock Market Forward Guidance - 7th Mar 22
Last 7 days
Cathie Wood Goes All in on Teladoc, ARKK INSANE Noob Investing Strategy! - 17th May 22
This is Anything but Positive for US Housing Market - 17th May 22
What Should We Do If There Is No Fed Monetary Policy Pivot? - 17th May 22
All Possible Ways to Earn Free Litecoin - 17th May 22
How low Could the Amazon Stock Price Fall? - 16th May 22
Cathy Wood ARKK INSANITY There is NO Coming Back! - 16th May 22
NASDAQ 100 Stock Market LOWER LOWS & LOWER HIGH - 16th May 22
Sanctions, trade wars worsen US inflation - 16th May 22
AI Tech Stocks Earnings BloodBath Buying Opportunity - 14th May 22
Futures Contract – Trading Crude Oil With USO - 14th May 22
How to Get Kaspersky Internet Security for 80% Discount! Do not Pay Renewal Price! - 14th May 22
Sagittarius A* Super Massive Black Hole Monster at Centre of Our Galaxy REVEALED! - 14th May 22
UK Public Debt Smoking Inflation Gun - 13th May 22
What Happens When the Stock Market Dip Keeps Dipping? - 13th May 22
Biden Seeks Inflation Scapegoats; Gold Advocate Wins GOP Primary - 13th May 22
Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - 12th May 22
The War on Gold Ensures the Dollar’s Downfall - 12th May 22
Crypto Investors Stable Coins TERROR as Terra USD COLLAPSEs towards ZERO, Tether Next! - 11th May 22
INFLATION IS KILLING SILVER - 11th May 22
The Dominant Investing Theme of the Decade - 11th May 22
Is Bitcoin Headed to Zero? - 11th May 22
RECESSION RISKS 2023 - 10th May 22
The Future of the Dollar Seems So Bright It’s Blinding Gold - 10th May 22
Take Advantage When Markets Succumb to Fear - 10th May 22
How to Recognize a Less\ Than Obvious Opportunity (In focus: Corn) - 10th May 22
How to Ensure Financial Stability for Your Family - 10th May 22
The Stocks Stealth BEAR Market - 9th May 22
A Strengthening US Dollar Is A Double-Edged Sword - 9th May 22
Making Wise Investment Decisions - 9th May 22
Ways to legalize a Moving Company - 9th May 22

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

© 2005-2019 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