Regarding Brexit, there is one thing people need to keep in mind:
The EU hates a no-deal Brexit even more than Boris and his ilk, this is why they’ve been granting extension after extension.
They won’t say it, but the loss of the UK would cause an instant recession in the EU.
The EU hates a no-deal Brexit even more than Boris and his ilk, this is why they’ve been granting extension after extension.
They won’t say it, but the loss of the UK would cause an instant recession in the EU.
The UK’s economy is the 7th largest in the world. It would be like if the US lost all of California or New York’s GDP overnight.
THIS is why both sides have been stepping so carefully. Its not a stretch to say trillions of dollars are at stake here.
THIS is why both sides have been stepping so carefully. Its not a stretch to say trillions of dollars are at stake here.
And THAT’S before you consider that a recession in the EU will cause a contagion, it will cause ripples throughout the world markets. Given Hong Kong, the economic capital of the far east, is facing unrest at the same time? A badly executed Brexit could cause a global depression.
It goes like this: the UK does a no-deal Brexit, and the EU’s GDP tanks.
That throws the entire EU into chaos, as investors start pulling up stakes and fleeing in a panic. People say they’ll do it in the UK, but the EU it will be even WORSE. Why you ask?
That throws the entire EU into chaos, as investors start pulling up stakes and fleeing in a panic. People say they’ll do it in the UK, but the EU it will be even WORSE. Why you ask?
Because during the EU’s financial crisis, the EU fucked up BIG TIME.
They went full totalitarian monetarily.
Remember how investors in US auto companies were forced by Obama to take losses during bailouts and bankruptcies? The EU was several times WORSE in the amount lost.
They went full totalitarian monetarily.
Remember how investors in US auto companies were forced by Obama to take losses during bailouts and bankruptcies? The EU was several times WORSE in the amount lost.
They even seized money from thr private individual bank accounts in Cyprus. Merkel proclaimed it was okay to do this because it was dirty Russian oligarch money.
Actually, it was virtually all british expat money; Russians yanked their money out through local banks in Ukraine.
Actually, it was virtually all british expat money; Russians yanked their money out through local banks in Ukraine.
The minute a recession hits the EU, it will cause a full on panic, guaranteed. Investors will get as much of their money out as fast as they can. Then people will do runs on the banks trying to get THEIR money out. Its not unreasonable for an entire financial collapse to happen
But how does this spread out from the EU? Simple. In Hong Kong and China, they’re already on thin ice economically thanks to a trade war. Hong Kong’s still knee deep in protests. The EU is also China’s second biggest business partner.
Losing the EU overnight? Panic in Hong Kong.
Losing the EU overnight? Panic in Hong Kong.
Second verse, same as the first.
Investors yank their money out of China before China steals it, then in a panic people empty their Hong Kong bank accounts. Total financial collapse once again, as China’s already propping their banks up.
Investors yank their money out of China before China steals it, then in a panic people empty their Hong Kong bank accounts. Total financial collapse once again, as China’s already propping their banks up.
But how does this effect us?
Well, what if I were to tell you Trump’s already gamed this out?
He’s been trying to create an economic fortress in North America. He’s been throwing lifelines to whoever he could trying to create a network to survive the coming collapse.
Well, what if I were to tell you Trump’s already gamed this out?
He’s been trying to create an economic fortress in North America. He’s been throwing lifelines to whoever he could trying to create a network to survive the coming collapse.
These dumbfuck liberals, the doomcryers, the faux economists, the fake news, they’ve been looking in the wrong directions.
They keep looking at the US for signs of failure where there are none.
They don’t understand that it is the globalist aligned economies at risk.
They keep looking at the US for signs of failure where there are none.
They don’t understand that it is the globalist aligned economies at risk.
Look at who Trump’s been talking to the most, working with. The Middle East, South America, Japan, Korea, North America.
Look at the deals he’s cut.
Its part economic Monroe Doctrine, part diplomatic realignment, part establishing a second global trade network.
Look at the deals he’s cut.
Its part economic Monroe Doctrine, part diplomatic realignment, part establishing a second global trade network.
Africa he’s ignored, and for good reason. Because of France and China’s economic interventions there, Africa will collapse with the EU and China.
I THINK the UK already has a lifeline with the US. I don’t honestly know. But how Brexit goes down will be the key.
I THINK the UK already has a lifeline with the US. I don’t honestly know. But how Brexit goes down will be the key.
The UK is literally the pin of the European financial grenade. Pull it and release the handle (no deal), global economic collapse, where the US and our partners try to ride it out after spending the past 3 years minimizing exposure.
Pull it and hold the handle (deal Brexit), and the grenade remains unexploded, but primed. That buys time.
I don’t know which it will be. I dont even know what having more time would look like. I’m not fearmongering over a no deal Brexit because I think the US is prepared for it
I don’t know which it will be. I dont even know what having more time would look like. I’m not fearmongering over a no deal Brexit because I think the US is prepared for it
I’m just laying out what I’ve gamed out the situation to be.
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