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joe's dire predictions.

Discussion in 'General Discussion' started by securespark, 24 Aug 2015.

  1. securespark

    securespark

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    From a thread I posted in 2011:

    Well, joe?
     
  2. JBR

    JBR

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    Had we joined the Euro, things might have been different. Thankfully, we stayed out.

    Still, give it a few more years. I was reading today that there has been a suggestion in the European Parliament that the EC should change its name to the United States of Europe. I'm sure that's what many in Brussels want. After all, not long ago there was the plan to replace national borders with new 'regions'. The most worrying of these, to me at least, was (if I recall correctly) that part of the UK would be joined to part of France!
     
  3. noseall

    noseall

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    Don't get him started FFS! He'll be frantically googling right now in order to justify why oil prices have actually come DOWN!:ROFLMAO:
     
  4. joe-90

    joe-90

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    They were saying on LBC radio yesterday that the world economy is on the verge of a possible total collapse due to the Chinese market collapsing. That's why oil prices are down, the Chinese economy is grinding to a halt. It's not a matter of if the world economy will collapse - but when.
     
  5. JohnD

    JohnD

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    Oil price was down long before China's recent collapse of confidence.

    We have known for years that China would sooner or later crash.
     
  6. mikeey84

    mikeey84

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    But if, not when, the Chinese market collapses, it will have a knock on benefit for the west, as so many goods are manufactured there.

    The prices of these would drop, helping kick start western economies. This in turn will increase demand and help the Chinese recover.

    Anyone saying the world economy is on the brink of collapse clearly doesn't understand economics and is just scaremongering.
     
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  7. misterhelpful

    misterhelpful

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    Our joe says lots of things - the odd one or two are bound to be correct! ;)
     
  8. WalksWithTurkeys

    WalksWithTurkeys

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    A stopped clock ...

    Well, I'm sure you know how to finish that one. :)
     
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  10. joe-90

    joe-90

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    The problems haven't gone away, they are still there. Davey Boy has just inflated our national debt by 100% - yet people consider the Tories know what they are doing.

    http://moneyweek.com/endofbritain/
     
  11. mikeey84

    mikeey84

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    Moneyweek- the daily mail of the financial press. Hardly a credible source.
     
  12. joe-90

    joe-90

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    So you tell us which bit is wrong Michael. Gwon, you know you want to.
     
  13. mikeey84

    mikeey84

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    Ah Josephine, I could quote the almighty himself, but you would accuse him of being controlled by Jewish people, so I am not gonna bother.

    Stick to reading your rags, and leave the important decisions to the grown ups
     
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  14. Whitespirit66

    Whitespirit66

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    There are some similarities between the Chinese economy today and the time leading up to the Wall St crash. Vastly over valued stocks are a problem in China now, as they were in The US in the late twenties. At the time, one stockbroker said he knew that the stock market was over-done when he was being told by his shoe shine boy which shares he had recently bought.

    It's the same in China today. Over valued share prices, and millions of ordinary Chinese actually borrowing money to buy them. People from boom economies often ignore history, or are ignorant of it - but it seems to be repeating itself less than 90 years later.
     
    Last edited: 26 Aug 2015
  15. WalksWithTurkeys

    WalksWithTurkeys

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    Back in the Wall St crash era you had people borrowing money to buy shares, that was the killer.
     
  16. joe-90

    joe-90

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    That's it Michael. You run off with your tail between your legs - as usual. Worra plonka.
     
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