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With Brexit Certain Global Economic Collapse Imminent.

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posted on Jun, 25 2016 @ 11:18 AM
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originally posted by: OtherSideOfTheCoin
If this comes out as a leave then its going to cause global economic chaos.


So it IS going to cause it, or it MIGHT / COULD cause it? Speaking in absolutes, when you aren't absolutely sure, isn't the best way to sound rational.

This sounds rational:

The British are Leaving! The British are Leaving!
Given this backdrop, we believe it would be unwise to try to draw deep conclusions as a result of the vote in the UK. Nonetheless, we do believe that this is more of a political event that will likely increase volatility in the markets for the foreseeable future while less of an economic event that could truly dampen global business prospects.

Most estimates show that the UK represents just 3 – 3.5% of global Gross Domestic Product (GDP). While approximately 14% of the UK’s economy is accounted for through exports to Europe, we do not believe either of these data points is material enough to be damaged by the recent vote. Additionally, it has been widely reported that it’s a two-year process to leave the European Union so there is still much to be decided and negotiated before any real implications are known and understood.

For the US economy, the impact shouldn’t be material either as the UK accounts for only 4% of US exports. Thus any change in the UK economy as a result of the vote to leave would likely not meaningfully change company outlooks. More interesting is the potential impact within Europe itself as we have witnessed periods of great concern in the past over sovereign debt issues. Yet the global economic impact from such concerns has been relatively minor.



originally posted by: OtherSideOfTheCoin
So the Financial times is reported that the UK could be about to lose its AAA rating.


That would be caused by deliberate Economic Warfare by the EU Empire, not by inherent 'natural' economics.
edit on 25-6-2016 by IgnoranceIsntBlisss because: (no reason given)




posted on Jun, 25 2016 @ 11:22 AM
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It's all a game.

In reality, there is no Global Collapse unless our corporate overlords, bankers and Big money politicians want there to be a collapse.

England leaving EU, effectively does nothing unless other countries want to punish England.

Don't believe everything the media tells you.

My business didn't collapse yesterday because of the Brexit vote. LOL



posted on Jul, 6 2016 @ 10:11 AM
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Does Brexit affect the Oil & Gas industry in any way?



posted on Aug, 13 2016 @ 06:44 PM
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The end of the EU and the euro is imminent although that may not lead to a total global collapse, but certailny to the end of the EU and the criminal militaristic imperialist EU political clown show. Brexit doesn't affect oil and gas industry, because Britain is not a big producer. What would really affect industry in Europe is, in January of 2019, when all gas coming through Ukraine stops to arrive to Europe. Will the southern energy corridor be ready by then? That is the main question the [SNIP] should ask themselves, rather then thinking nonsense.
edit on 13-8-2016 by burdman30ott6 because: Removed offensive profanity



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