The story below (excerpts) indicate that press is run by fools and idiots. The chirp the same nonsense again and again, preaching doom and gloom. The outcome, however, is always different, the press ends up getting slapped in the face, but they continue with the same line of crap because the masses never react. Until the masses take a stance and tell these morons to stop, nothing will change. Bombastic and outrageous titles and allegations will continue to be the rule of the day. Why would they stop, when there is no consequence for doing so. A week later the masses forget everything and are ready for a new dose of lies; hence the saying “tell me sweet lies“.
The first question is about the economic consequences of leaving. Many international companies, including Japanese conglomerate Hitachi, have announced that if “leave” wins, they might move some of their European business outside the U.K. Some American banks based in London have said privately that London’s legal status to provide banking activities to the EU is an indispensable part of their business model. At the same time, the U.K.’s main trading partner is the European Union. Undoubtedly, a decision to leave the European Union could have major economic consequences.
The magnitude of the economic consequences will depend on the negotiations following a decision to leave. If the U.K. decides to formally start the process of leaving, it could take two years to agree the terms of the divorce. This could be followed by several years of negotiations to establish new trade deals between the U.K. and all the major economic partners with which the EU currently holds trade and investment agreements. Full Story
Whenever the mass media starts to harp on an issue, you can almost guarantee that they are on the wrong side of the equation. The pound may have dropped and may continue to drop, but that is not an issue. You ask why? We are in the midst of a currency war; “the race to the bottom” and we have spoken about this many times in the past. Britain was able to lower it’s currency without having to flood the system with more money or lower interest rates, which is what other nations are being forced to do. Thus, the issue of a weaker currency is moot as is the point of a crisis and Britain losing its competitive edge. In fact, they will be in a position to negotiate better trade deals and come up with a more robust plan to deal with the immigration crisis. Now they won’t have to listen to the stooges in Belgium who have no idea of what is going on and are more concerned that their fat paychecks will be cut than with trying to find any meaningful solution to the countless number of problems that plague this unholy alliance. Ignore these empty cans and focus on the trend; Brexit should not be feared.
https://www.youtube.com/watch?v=NNLK_foS788
Other Articles of Interest
Zero Percent Mortgage Debuts setting next stage for Stock Market Bull (July 27)
Long Term Stock Market Bears Always Lose (July 27)
Putin Crushes CNN Reporter Fareed Zakaria Biassed Question on Trump (July 13)
Negative rates will fuel the biggest Bull Market rally in History (25 May)
Media Manipulates Financial Markets via Good & bad News (21 May)
Negative rates in Denmark means banks Pay you money for taking a mortgage (20 May)
Good Money management-Better Solution than Gold standard (14 May)
Most Hated Bull Market ever not Ready to Crumble (May 10)
$1 trillion worth of shorts set to drive Dow higher (May 5)
