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Brexit Financial collapse 10x worse than 2008
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 60
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Are you guys ready for the next financial collapse that is caused by brexit and that will lead to fiat currency collapse. It will be 10 times worse than the great depression and 20 times worse in the uk. Your gdp will shrinl by 30% due to hyperinflation and negative interest rates. All stocks will go down 60% and ftse 70% and dow 80%. The whole system will crash there will be no 4chan or international trade for 3 days. And the imf will call for an emergancy meeting with the g20 nations and agreeing on a world currency and a global exchange rate mechanism, which one step closer to a eorld government. Brexit wall planned all along with the elite. The eu was for bank regulation and was anti elite. Thanks a lot brexitters for causing a financial doom
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in a healthy economy Brexit would barely register globally. If anything it will simply be the needle that pricks a bubble that would inevitably have popped sooner or later. I'm sure some will try to pin it on the british to avoid taking the blame for their disastrous policies.
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>>1373283
Are you off your meds again Anon?. Please see a doctor :)
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>>1373283
i bet nothing happens cause of brexit.
the sad fact is the 2008 crisis is not yet over it has been masked not resolved or weathered.
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Well so far I've made 14% off investing in netflix while everyone was panic from brexit.
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>>1373283
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Why wont any of you debate me
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>>1373283
Kraut crying out DB derivates ;__; ?

It's your own fault that you gave so much money to Greece and other sinkholes. Britain had it's "dark times" with Iceland but i think it resolved as it should, banks taking the risk, not Iceland.

How odd that there has not been any news on France banks yet, since they are in same boat with Germany/Italy.
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>>1373342
>Kraut crying out DB derivates ;__; ?
>It's your own fault that you gave so much money to Greece and other sinkholes. Britain had it's "dark times" with Iceland but i think it resolved as it should, banks taking the risk, not Iceland.
>How odd that there has not been any news on France banks yet, since they are in same boat with Germany/Italy.

Db collapse will be mickey mouse crash compared to the brexit apocalypse
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>>1373301
Nope
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>>1373397
you sure typed like you were off
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>>1373342
Germany didn't give much money to Greece. Over 90% of money from the package went straight back to German and French banks, a meager 5% was left to the Greek.
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Come on now...at least you could have a pretty bitchin vacation to Britain...if it weren't for the Muslims that Tony Blair and the EU let in
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The ruskies are at it again.
>The west is DOOMED!
>Join the Saviet yunyo... Erm, Russian Federation.
Nothing will change.
Markets will swing a lot, some people will profit (pay attention to those), some people will lose, us common folk won't notice much, other than a temporary price increase.
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>>1373415
The UK muslims are from the colonies.
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>>1373414
Of course the money goes to the Banks because they had lent grease the money in the first place.
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>>1373424
Well fuck me, I misread. Thought he was stating the consequence, not the cause.
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>>1373336
>Are Nige used to be a commodities trader in the City of London
>Are Nige was actually part of the establishment and part of a 20 year old plot to bring around a global government
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>Britain votes to leave the EU
>Britain negotiates a trade deal with the EU and other countries
Literally nothing will change besides uncertainty, volatility and lefties/Yuropoors getting butthurt
Britain will pursue tax haven status. We're already going that way with lower corporation tax and attempts at free trade deals with other countries. We don't have to worry about Italians arguing with Australians over tinned tomato exports anymore.
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>>1373496
>Britain will pursue tax haven status. We're already going that way with lower corporation tax and attempts at free trade deals with other countries. We don't have to worry about Italians arguing with Australians over tinned tomato exports anymore

Britain should be regulating it's banks or else 2008 could happen again. Britain should appoint robert greizman or noam chomsky as the head of bank of england and also britain should have a high top tax rate. There's a reason why wages stagnated during the 80s it was due to reaganmoics
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>>1373536
Banks are more regulated now. They've been downsized and have better capital buffers. Fuck regulation tho. Laissez faire free market economy a NOW!
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All according to plan.
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>>1373564
>Fuck regulation tho.
this altho some regulation like environmental and safety / health is unavoidable.
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>>1373564
So you want a repeat of 2008 and the great depression? 2008 could've been averted if the banks were regulated and also inequality rises with less regulations
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>>1373492
The only reason Nigel was butthurt at the EU was because globalisation ended his little gentlemen's club illusion in the city when all the international banks moved in
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>>1373564
>Free markets self regulate against externalities
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>>1374248
>>1374259
I work for the government. I'd rather market forces were left to take control of most things, but desu the irrationality of emotions and politics makes money-making on the market rather easy. Brexit is a key example of this. The markets didn't account for it much at all and so the correction was huge. I've made a very tidy sum from Brexit, although given the fact that the £ has slumped so much, strictly speaking, I'm no better off than I was beforehand in $ terms. For the moment tho I'm rolling in depreciating pounds sterling.
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>>1374269
Market forces are generally efficient at organising labour and production.

However, negative externalities need to be regulated and competition needs to be maintained and nurtured. Usually this requires state intervention in the form of legislation or state ownership of natural monopolies.

Stock markets and actual markets of traded 'goods' like labour and raw materials are very different beasts.
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>>1373283
>the EU was anti elite
Bahahahaha
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>The eu was for bank regulation and was anti elite
>>>>>>>>>>was anti elite

>literally founded by a group of old super-kikes hellbent on one world government
>shadier and more corrupt than the shadiest abbreviated American gov't organisation

Are you fucking deluded?
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> The eu was for bank regulation and was anti elite.
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>>1374323
It's true the euro is the currency that is against the us dollar
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>>1373283
Hello Swedish cuckposter

It will be worse for €uropoors :)
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>>1374796
I am not even swedish, please go back to /pol/
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>>1373283
>Are you guys ready for the next financial collapse that is caused by brexit and that will lead to fiat currency collapse.
I think it wont be as severe as 2008 but it'll last way longer. Employment stays high, gas stays low. Stocks slide slowly and forex gets clogged. This will confuse Wall Street and banks, equity holders will start to get frustrated with diminished returns and spend/invest in frivolous ventures like mega club casinos and artificial islands. Then inflation hits with mondo 5-15% for a handful of years. This collapses the real estate bubble. The DJIA bottoms out around $13,000. Gold tops off at $5,000. Civil unrest forces governments to fix budgets to a 2% cap on deficits. Countries that can't manage that default. Income gap closes.

>>1373308
More stimulus w/ Brexit excuse will stave the bears for 9 months tops IMO.
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>>1376022

This is one of the most absurd, uneducated opinions I've ever heard.
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>>1376043
Dweebs can't handle the truth.
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if the markets continue to function, i'll be shorting on the way down.
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If you're waiting for the End, you might be waiting a lot longer than you think.
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>>1373308
It is over you poor fucking faggot.
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No well off country would want to join a worldwide currency. Plus you have antagonistic countries that wouldn't want to join in. I don't think it will happen.
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>>1373492

>My Little England Can't Be This Cute!
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>>1376043

>This is one of the most absurd, uneducated opinions I've ever heard

Welcome to 4chan.
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>caused by Brexit

No it's not caused by Brexit you retard fuck.
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>>1373283
So when is it coming??
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>>1376485
When article 50 triggers
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>>1373283
>The eu was for bank regulation and was anti elite.
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>>1376112
you poor deluded cuck.
2008 is still here with us fed money printing inflated the stock market and other assets nothing else happened just more tension in the economy. no fundamentals changed. banks lost some bad loans so it's seemingly more stable but i don't buy it.
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>>1374954
You posted this on /pol/ at least three times. Kys.
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>>1376022
How'd you get $5000 for your gold number? Just a guess?
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>>1376043
Honestly, I was on /biz/ from the start, but took a hiatus for a bit more than a year, and I can't believe some of these people.

This thread is fucking insane, Brexit has just shown us that the markets are stronger than we thought.
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>>1377630
>How'd you get $5000 for your gold number? Just a guess?
Just a guess, relative to historical movements. I think a classical economic model transition is upcoming, if it does gold could do much, much higher than $5,000 at key points because of how the looney confidence games would play out.
>>1377637
>This thread is fucking insane, Brexit has just shown us that the markets are stronger than we thought.
As if another recession isn't imminent, and couldn't possibly be drastically more severe than 2008.
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>The eu was for bank regulation and was anti elite
>and was anti elite

Retard spotted. Kill yourself and never post again.
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>>1373424
so it is only the debitor's fault and the lender deserves no consequences for his shitty investments? Poor individuals that were unaware agents in a macroeconomic wave caused by the eurozone as a non-optimal currency area deserve to starve to death while we pump the belly of aware speculators that voluntarily lent money to them in order to drive them out of their wealth because "m-muh protestant work ethics that basically means I can be a disgusting cunt and I will always be defended because prejudices". Kys.
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>>1373342
>It's your own fault that you gave so much money to Greece and other sinkholes.
This meme needs to die. Germany never gave money to everyone. Everytime they were saying "I am giving money to X", what they were doing was actually giving money to themselves. Stop listening to hearsay and actually study you fucking ignorant cunt.
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>>1377637
It's shown the markets are existing in a complete fantasy land. Wages are still stagnant and every time economic indicator has been obscured by quantitive easing. The middle class is being squeezed and the working class is as disenfranchised as ever.
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>>1378760
This, We must deregulate the markets and force corpartions to hire american/european and not cheap labor like mexicans or poles that's why wages have been stagnant
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>>1380315
This
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>>1374248
"Inequality" is a good thing, you Marxist. It's signals that the state hasn't managed to stifle all entrepreneurship and that it's still possible to grow rich.

>>1378739
>bigot
>loaning money makes you a terrible person
>socialism is great
>what happened to greece isn't the country's fault

>>>/reddit/
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