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Armstrong

Posted by ipso facto @ 10:47 on June 27, 2016  

While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The brain-dead morons cannot grasp that they crossed the line and embarked upon a political union in which they have denied any democratic process because they assume the people are too stupid to see what they see.

The markets will settle down and then flip. The smart money will figure out that London will remain as a financial center, as will Zurich. But there will be no such center within the EU because the politicians have a mechanism in place to outlaw short-selling at their discretion whenever the markets say they are wrong. BREXIT is the survival of Britain, not its demise. The crisis brewing is eight member states will ultimately follow Britain and hold referendums. Brussels may be the most hated political entity exceeded only ben Venezuela.

cont. https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/its-not-the-british-its-the-eu/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.