View Full Version : Economy fucked 4 next year too
dlb2007
23-04-2009, 12:15 PM
What a suprise but at least now they are "begining" to admit it. A damning report by the IMF has laid waste to the positive spin of Alister Darlings budget and labled the government bailout packages a failure.
http://business.timesonline.co.uk/tol/business/economics/article6151050.ece
The savage slump in the world's leading economies is set to be even deeper than previously feared, with recovery unlikely to materialise next year, the International Monetary Fund (IMF) said yesterday.
In a grim assessment of global prospects, the IMF again drastically cut its forecasts for key economies across the world
It forecast that the UK economy would shrink by 4.1 per cent this year, markedly worse than Mr Darling's new projection of a 3.5 per cent decline, and said the recession would drag on into 2010.......The Chancellor has predicted a recovery with growth of 1.25 per cent next year.
The IMF said there were dangers that even its grim new assessment could be too rosy
The fund's report warned that, despite the far-reaching official efforts to bail out banks and stem financial turmoil, governments had failed to halt a downward spiral as intense financial strains and deteriorating economic conditions feed off each other.
anthony65
23-04-2009, 12:37 PM
In Germany they are predicting a fall of 6% for this year....
dlb2007
23-04-2009, 01:08 PM
They keep moving the goal posts, first off before the economic crisis, they were saying it wasnt going to happen despite warnings, then when it happened they said it wouldnt be as bad as the 1990's and that it would be short lived that we would be in recovery by Jan 09, then they said it was going to be nearly as bad as the 70's they predicted numbers long way better than what they are now and now they are saying its going to be the worst since WWII and the G Depression.... There forcasts always fall short of the real depths of the problem. They are not incompitant, they are doing it on purpose.
venividivici2311
23-04-2009, 01:14 PM
Holland prediction was -4,5% i believe
anthony65
23-04-2009, 01:16 PM
They keep moving the goal posts, first off before the economic crisis, they were saying it wasnt going to happen despite warnings, then when it happened they said it wouldnt be as bad as the 1990's and that it would be short lived that we would be in recovery by Jan 09, then they said it was going to be nearly as bad as the 70's they predicted numbers long way better than what they are now and now they are saying its going to be the worst since WWII and the G Depression.... There forcasts always fall short of the real depths of the problem. They are not incompitant, they are doing it on purpose.
They're obsessed with statistics.
You can only compare the 20's and 30's with today if you look at statistics...
But in real terms: Infrastructure, material wealth, etc there is no comparison.
Life was really fucking hard for many people back then (reminder to read a couple of George Orwell books).
With the technology we have there is no need for any kind of poverty.
All poverty in the world is due to diligent planning and prodigious efforts by the nasty boys and girls at the top.
We are currently living in a modern version of a fairy tale.
As with most mainstream culture, the fairy tale is poorly thought out, badly scripted, with unbelievable characters, but most people are so ignorant they still buy it.
The world we know is a lie.
Remove the Rockefeller based elitist ideologies and we could have paradise on earth in about 3 weeks...
No joke! :)
dlb2007
23-04-2009, 01:23 PM
oh its definatly orchestraited as was the 20's however I think it will be a lot worse this time around. Most people back then didnt have massive mortgages and huge amounts of debt. Technologically we are better off but Financially we are dead in the water
jammasterj13
23-04-2009, 01:59 PM
They're obsessed with statistics.
You can only compare the 20's and 30's with today if you look at statistics...
But in real terms: Infrastructure, material wealth, etc there is no comparison.
Life was really fucking hard for many people back then (reminder to read a couple of George Orwell books).
With the technology we have there is no need for any kind of poverty.
All poverty in the world is due to diligent planning and prodigious efforts by the nasty boys and girls at the top.
We are currently living in a modern version of a fairy tale.
As with most mainstream culture, the fairy tale is poorly thought out, badly scripted, with unbelievable characters, but most people are so ignorant they still buy it.
The world we know is a lie.
Remove the Rockefeller based elitist ideologies and we could have paradise on earth in about 3 weeks...
No joke! :)
Brilliant post mate!
The haves and the have nots.
sedate_solution
23-04-2009, 03:35 PM
They're obsessed with statistics.
You can only compare the 20's and 30's with today if you look at statistics...
But in real terms: Infrastructure, material wealth, etc there is no comparison.
Life was really fucking hard for many people back then (reminder to read a couple of George Orwell books).
With the technology we have there is no need for any kind of poverty.
All poverty in the world is due to diligent planning and prodigious efforts by the nasty boys and girls at the top.
We are currently living in a modern version of a fairy tale.
As with most mainstream culture, the fairy tale is poorly thought out, badly scripted, with unbelievable characters, but most people are so ignorant they still buy it.
The world we know is a lie.
Remove the Rockefeller based elitist ideologies and we could have paradise on earth in about 3 weeks...
No joke! :)
Great post
Or continue to pay interest on all the new loans our wonderfull governements have taken out on our behalf for EVA & EVA !
The "economy" is more than a we bit screwed. Its over.