How 'stoozing' could bring down the global economy

deary65

The artical is here:
http://www.moneyweek.com/file/8842/how-stoozing-could-bring-down-the-global-economy.html

Angie8

It's a pretty crap article really, it's implying that if everyone stoozed that the whole world economy would collapse.

This is pretty unlikely to happen as the vast majority of people I know can't even manage 1 credit card, let alone stoozing! :rolleyes:

You could suggest the same of anything, like if everyone decided not to go to work then the economy would collapse. Pretty unlikely.

bbruce

Angie8 wrote:

It's a pretty crap article really, it's implying that if everyone stoozed that the whole world economy would collapse.

This is pretty unlikely to happen as the vast majority of people I know can't even manage 1 credit card, let alone stoozing! :rolleyes:

You could suggest the same of anything, like if everyone decided not to go to work then the economy would collapse. Pretty unlikely.

Agree entirely. Here's a few more unlikely "ifs":
If my aunty had b*lls she'd be my uncle.
If everybody lay down head to toe around the equator, 2/3 rds of them would drown!

sashacat

tha article make amazing assumptions which shouldn't be made by a reputable journal eg if everyone was stoozing then they would take more risks with their money .There is no evidence for this from current stoozers. In fact there is no evidence for it at all!

barneyjoe

I think the thrust of his argument came later where he talked about the financial markets who are effectively 'stoozing' by borrowing from Japan at 0% then buying US dollars, equities or other financial instruments. With Japan's 0% offer about to end, a lot of cash will need to be withdrawn and moved back to Japan or re-financed at higher rates. I may be cynical but if the banks end up having to pay more, they will be looking for someone to pass this onto.

Deemy

Th article is so flawed, because the banks are declaring record profits ! And WILL ensure that credit cards continue to MAKE profits ! By whatever means they deem necessary

Clariman

I think only one person has read the article properly (barneyjoe). The article is using stoozing to illustrate a wider point about the way the banks work and the fact that it could be a problem. He is not suggesting for one minute that every consumer could or would stooz !
Clariman

deary65

I don't think the artical is suggesting that people playing around with credit cards will have a detrimental affect on the globle economy.Download these videos, the "money masters" and you will have a better understanding of the artical.

http://www.propagandamatrix.com/multimedia/Money_Masters_Tape1_Part1_all.wmv

http://www.propagandamatrix.com/multimedia/Money_Masters_Tape2_128KBps.wmv
They have been virus checked.

Thefunkygibbons

:rotfl: I think Stooz needs to wear a disguise

sicker

Surely stoozing helps the economy. You pay tax on the interest (most of us) and then spend all that lovely profit in the local shops (incuring more tax as vat).Gorden Brown must just love stoozers.

John

Paul_Herring

sicker wrote:

Surely stoozing helps the economy.

You clearly haven't read (all of) the article. It's using Stoozing as a layman's explanation of what banks themselves are doing.

From the article:

It's a good thing that only a few financially savvy people are actually stoozing then, isn't it?

Well, unfortunately, this is where the world of international investment comes in. Because banks and hedge funds around the world have basically been stoozing on a global scale.