IMF Warns of BrExit Apocalypse, Global Chaos if Britain Votes LEAVE in EU Referendum
ElectionOracle / EU_Referendum Apr 13, 2016 - 02:40 AM GMTBy: Nadeem_Walayat
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.
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.
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By Nadeem Walayat
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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.
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