Winston - you posted a lot of very interesting info, almost all of which I agree with.
Where I disagree is:
1) That any of what you said has anything to do with why people voted to leave.
Oh, I agree 100%, but they made the right choice without actually knowing how so very right they were. If not a debt-based worldwide economic crisis that will make the 2007/8 global financial crisis look like child's play, the only other path for the entire world economy is simply
DOWN.
Massive amounts of new DEBT accrued
worldwide brought us out of the last crisis, mostly thanks to the sort of China that will be no more than
a very big part of the problem next time, but that was only a bandaid which didn't fix what actually caused the problem in the first place -
TOO MUCH DEBT! The "fix" was like "curing" a meth addict by providing him with more meth. The withdrawal pains may go away, but the problem
AIN'T fixed. In the long run, you've made it worse since eventually the addict simply dies.
Look at the U.S. economic graphs shown below. I've got links to a BAZILLION just like them pertaining to the various economies of the world.
When the EU goes down,
and slow or fast it eventually will, it would be best for the UK not to be chained to it.
2) That being separate from the EU will result in any sensible fiscal policy from the UK govt or BoE.
I agree with that, too, but at least any stupidity will then be exclusively THEIR fault, not that of some overpaid, unelected bureaucrat in Brussels.
I'm afraid the reason most folk voted to leave was a combination of:
1) 40 years of UK politicians blaming everything that went wrong with the UK on the EU rather than facing their own bad decisions.
2) Leading to a general feeling against "foreigners" among the great unwashed, making immigrants into scapegoats for all the ills of the country and immigration a hot button topic.
3) Massive propaganda campaign of truly epic lies and deception on behalf of UKIP/Farage/etc. to tap into that feeling.
None of that matters. What matters is that t
hey made the right choice for economic and debt liability reasons.The EU was a very poorly designed, half-arsed system from day one, doomed to fail as it now is, as is greatly detailed in the info at the links I've posted about that earlier.
My arguments for Brexit are STRICTLY from a long term UK economic one based upon the facts from those very few economic experts in the U.S. who actually know what's going on in the U.S. and world economies. And it most certainly AIN'T what you're being told by the
clueless clowns who got us here or by the same mainstream financial media that was yelling "buy, buy, buy!" right up to the 2008 crash and
ridiculing on air those few who were warning about it in advance.
On Farage, I just happened to watch one of his videos today for the first time in a very long time (not about Brexit) and his views on a particular ongoing geopolitical conflict were absolutely 100% correct, went totally against the usual "cover story"
BS heard in most of the western media, and would have taken a significant amount of research of reputable sources to find. I was
impressed.
In the news:
Berlin -
German Chancellor Angela Merkel on Friday warned EU member states against drawing hasty conclusions about Britain's decision to quit the bloc, as that risked further splitting Europe.
German Foreign Minister Frank-Walter Steinmeier said as he was heading into a Berlin meeting with his counterparts from the EU's six founding members, "I am confident that these countries can also send a message that we won't let anyone take Europe from us."
FROM "us"?
As Steinmeier scrambles to reassure naive onlookers how "peaceful and stable" the European project remains, what he is most worried about is not just another EU member nation quitting, but specifically a nation that is a member of the Eurozone, and shares the Euro. If that happens, it's all over.
As Barclays wrote overnight, the biggest potential worry is that another country, especially one that is also part of the EMU, might set out on a political path towards exiting the EU and EMU. While a country leaving the EU is a big event, one potentially leaving the EMU would be a much bigger deal.
It is fully expected that they will intentionally make Britain's exit from the EU as financially painful as possble to discourage that. As each member departs, the already ridiculous EU outstanding debt problem will be distributed among fewer and fewer members even as that debt
inevitably becomes increasingly nonperforming (i.e. interest or principle not paid), thereby providing even more of an incentive to get the hell out.
Juncker Proclaims Himself All-Knowing God of EU
https://mishtalk.com/2016/06/20/juncker-proclaims-himself-all-knowing-god-of-eu/
European Council president Jean-Claude Juncker proves just how scary it is to belong in the EU. Juncker actually stated your vote should be ignored, unless of course you agree with him.
"Prime Ministers must stop listening so much to their voters and instead act as 'full time Europeans', according to Jean-Claude Juncker.
Too many politicians are listening exclusively to their national opinion. And if you are listening to your national opinion you are not developing what should be a common European sense and a feeling of the need to put together efforts. We have too many part-time Europeans.
Other than being a pompous buffoon, Jean-Claude Juncker is most famous for his statement When it becomes serious, you have to lie":
"On March 29, when speculation swirled that Portugal needed a bailout, Prime Minister Jose Socrates denied - again - that that would happen despite clearly unsustainable market pressures. Just eight days later, in a chastened appearance on national television, Socrates did just that.
For Jean-Claude Juncker, the prime minister of Luxembourg, the threat of immediate market turbulence means the usual norms of transparency dont apply. 'When it becomes serious, you have to lie,' Juncker, who as the chairman of the regular meetings of eurozone finance ministers is one of the currency unions key spokesmen, said in recent remarks."
On the stupid claim that Brexit is some great "right wing" conspiracy:
Worlds 400 Richest People Lose $127 Billion on Brexit
https://www.bloomberg.com/news/arti...chest-people-lose-127-billion-on-brexit-chart
Bravo Brexit!
by David Stockman - June 24, 2016
https://davidstockmanscontracorner.com/bravo-brexit/
David Stockman - Washington insider turned iconoclast, Stockman was the Director of the Office of Management and Budget under President Ronald Reagan, serving from 1981 until August 1985. He was the youngest cabinet member in the 20th century.
In his latest New York Times best-seller, The Great Deformation: The Corruption of Capitalism in America (2013), Stockman lays out how the U.S. has devolved from a free market economy into one fatally deformed by Washingtons endless fiscal largesse, K-street lobbies and Fed sponsored bailouts and printing press money.
https://www.amazon.com/dp/1586489127/?tag=skimlinks_replacement-20
On the U.S. economy:
Not a Plunge (yet) but a Long, Slow Grind Lower
Without any real end in sight. Thats whats different this time.
https://wolfstreet.com/2016/06/24/not-a-plunge-but-a-long-slow-grind-lower/