Okay Johnny....

I'm signing off to go watch the cricket mate.

Enjoy the weekend!

COYP

Bill Gates is another giving his name to the remain campaign, which is convenient, as the EU have funded a lot of the causes also supported by the Bill and Melinda Gates foundation.

If you look this up Nick, i think you will find that the IMF, OECD and many economists (including The Economist) warned of a uk housing bubble in 2005 all the way up to the financial crisis in 2008. It also warned of an $800bn debt exposure in US subprime mortgages which was IMO the most scary thing of all. Things started to unravel in q42007 but Mervyn King (according to MPC member David Blanchflower) did not acknowledge there was a serious problem until the summer of 2008 i.e. not long before Lehmans collapse. When questioned about this by the select committee King said that he didnt want to talk the economy down or scare people into an economic decline, which means he was a soothsayer or a fireman telling everyone to go back into the building even though the fire was out of control. Personally i think he shouldve got the bullet but in the spirit of fairness he did an ok job alongside the fiscal policies of Gordon Brown to help us avoid a depression....but make no mistake, economists had clearly warned about the financial crisis atleast 2 years before it happened and i think the BofE has learned a very valuable lesson not to be a soothsayer when there is an economic bomb about to go off....hence Carneys announcement last week about the economic consequences of brexit.

I would agree with you on your first poin diving - the big short - best film i've seen this year, and the book is good too

Amnesty for Today.......

Lets all get together....

Red and Blue
Young and Old
Boy and Girl
Left and Right
Out and In

COME ON YOU PALACE........

You should all watch this week's question time, Paul Mason economist launched a furious attack on the “crazed right-wing Conservatives" guess who came out on top?
[Link]

VOTING OUT - Brexit will allow Britain to embrace the Commonwealth and be GREAT again

It doesn't matter which way you vote it is rigged to stay IN, nothing you can do about it. 99% of voters could vote out yet it will a million percent come back as STAY IN has won.

Within two years of the vote, there will be a mass influx of immigrants.
Within ten years the elite families will move to the southern hemisphere.
Civil wars will outbreak across Europe.
The proxy war already happening will turn into WWIII around 2030.
Billions of humans will be wiped off the planet within 50 years.
This mass population cull will bring the global population down to 1 billion or less.

[Link]

VOTING OUT - Brexit will allow Britain to embrace the Commonwealth and be GREAT again

Thank you Diving, i also watched QT and found it quite interesting. Like Kermit, i also find Paul Mason a good read. He is an articulate political economist who challenges and puts forward alternative and often popularly appealing arguments. He did seem vague as to whether he would vote leave or brexit. His background however is far left. I dont know if he is still a trotskyist but he still states that capitalism is dead and talks of working co-operatives, full employment and welfare. These far left policies sound appealing until we remember that they were the basis of uk economic policies in the 50s and 60s when we didnt join the eu. By the early seventies the eu member economies were all growing much faster and indeed the German economy had surpassed us which to those who remembered the devastated german economy after ww2 was almost unbelievable. It was attributed to the Bundesbank laser like focus on inflation (having learned their lesson from the Weimer republic) and a liberal and open trade policy. The uk decided that they too wanted to join but at the same time the oil crisis started and trade unions in the uk started to demand 30+% wage increases. The uk was suddenly left holding a busted flush and barely a year after the last referendum (1975) duly applied to the IMF for a bailout, the biggest loan it had ever given -about 4billion i think. Yes we were the Greece of the 1970s!!! Would you believe that!! Before anyone thinks i am a tory (i'm actually politically non-alligned) uk economic policy then shifted to targeting inflation and expenditure whilst pursuing a liberal trade policy within the EEC, i.e. based on the successful German model. But then Thatcher got elected and pursued monetarism using Milton Friedman as a guiding light. She was supported by another very prominent uk economist called Patrick Minford (who also now wants to vote leave) who was similarly articulate and populist but from a right/far right perspective. He had done some very good work on rational expectations theory and sure enough the economy started to boom in the early 80s. However, despite being helped in no small measure by north sea oil revenues, the economy eventually nosedived. Inflation boomed, we saw unemployment (3.5m) like we had never known, interest rates at 12-14% and record numbers of house reposessions, property market declines etc. Monetarism or Thatcherism was seen to have created monetary illusion or a false economy based on interest rate and money supply manipulation and eventually the bubble burst.
Thankfully now it is rejected by mainstream conservatism and i think all of the tory cabinet (except maybe John Whittingdale) do not ascribe to it. Luckily, since Thatherism we have been fortunate with our economic policies (both labour and tory and a bit of lib dem) but at the core of it lies a liberal and open trading policy with the eu, and isolationism would IMO make the uk economy suffer.

Johnny Boy: This is really good analysis. For once, it is refreshing and insightful to read a comment laced with fact and experience. I agree with you that an isolationist approach by The UK would prove to be damaging however EU reform is desperately required and that is best worked upon from functioning through membership.

I also believe that both campaigning sides have fought the most appalling campaign preying upon the naivety and /or indifference of The Uk Electorate. Has UK Politics ever been plumbed to such depths before by way of blatant lying or pure exaggeration re: such an important issue? I also believe that if The Opposition weren't so riddled with inadequacies then our Government would find itself fatally wounded and be forced to call for a General Election - how on earth can The Conservative BREXIT MPs be trusted to work for Cameron's side again or vice versa?

You do realise politicians DO NOT LIE, you need to understand something, they are not human, politicians have nothing but stuffing inside of them, they are just controlled by the hidden oligarchs, their masters. The Illuminati / elite families that rule this crazy world.

Until you grasp and fully understand this concept, it's pointless continuing worrying about the fine detail(s).

Is unfolding right in front of each and every one of you but most are sleeping: New World Order.

-One World Government
-One World Religion
-One World Military
-One World Currency
-DNA Database of all people
-Cashless Society
-Totalitarianism

VOTING OUT - Brexit will allow Britain to embrace the Commonwealth and be GREAT again