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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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19686342 No.19686342 [Reply] [Original]

the crappy remains of britains completely wrecked economic prospects will be utterly destroyed in 3 months when the second wave of covid19 hits and causes another mass shutdown of all economic activity in the UK. compounded with the isolating effects of brexit which i wholeheartedly supported and campaigned for because I knew it would completely destroy the loathsome and putrid so-called country of britain which disgusted me so much, will cause the macro economy to completely grind to a halt. everything british from its companies shares, its real estate, and its currency will become worthless as investors head for the exits like rats from a burning ship. the people of britain will be left scrabbling around in the dirt looking for food and shelter while their material wealth completely evaporated.

>> No.19686631

based

>> No.19686739

accurate

>> No.19686754

>>19686342
actually based brit here too

>> No.19686758

good reality check for british people

>> No.19686773
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19686773

>>19686342
No second wave. No second shutdown. Trump 2020

>> No.19686780

haha your prime minister cant even comb his hair

>> No.19686957

based as fuck

>> No.19687162

good riddance to britain. may they rot in pieces

>> No.19687969

>>19686342
Head where? Every country is going to be fucked when 2nd wave hits! At least it's Brits won't be paying for the EU anymore!

>> No.19688673 [DELETED] 

>>19686342

I'm not so much concerned about the immediate future, as the inevitable, hyperinflationary collapse. The U. K. government can only fund itself if yields on gilts are miniscule. If yields went to even 5%, we'd have to cut something as large as the NHS, or pensions. But if they went to 20%, which, at this point, is the bare minimum which free-market price-discovery would make them, the whole system would collapse. No schools. No hospitals. No pensions. Nothing. Everything would come tumbling down. This is because the amount of debt we have is simply enormous. Either we pull the plug now, and let the whole system collapse, or we keep inflating the currency to suppress yields until we destroy the pound--and then the whole system collapses anyway. Politicians will always try to fob the problem off on the next government, so expect the far worse hyperinflationary collapse. The consequences will be blamed on capitalism, rather than socialism and central planning. Labour will get in, and then the real hell starts. And you can't even own a gun to defend yourself.

>> No.19688726

>>19686342

I'm not so much concerned about the immediate future, as the inevitable, hyperinflationary collapse. The U. K. government can only fund itself if yields on gilts are miniscule. If yields went to even 5%, we'd have to cut something as large as the NHS, or pensions. But if they went to 20%, which, at this point, is the bare minimum which free-market price-discovery would make them, the whole system would collapse. No schools. No hospitals. No pensions. Nothing. Everything would come tumbling down. This is because the amount of debt we have is simply enormous. We only keep yields low by money-printing, so the present state of affairs is temporary--it can go on for a few more years at best. Either we pull the plug now, and the whole country falls into oblivion, or we keep inflating the currency for a few more years to suppress yields until we destroy the pound--and then the whole system collapses anyway. Politicians will always try to fob the problem off on the next government, so expect the second, far worse hyperinflationary collapse. The consequences will be blamed on capitalism, rather than socialism and central planning. Labour will probably get in, and then the real hell starts. And when there's anarchy and mayhem in the streets, you won't even be able to own a gun to protect yourself.