posted on Jun, 27 2016 @ 08:47 AM
a reply to: projectvxn
I can honestly say.........I'll believe it when I see it.
Here's the deal. The best analysis I've heard concerning the EU and Brexit has been on CNBC and one prescient comment I heard was that Brexit, in
terms of financial markets, means that the EU bonds and investment vehicles are no longer seen as a "safe haven" play. Thus, money, i.e., capital,
are fleeing the EU zone in search of "safe haven" and their choice has been US Treasury bonds. The commenter also stated that after the smoke clears,
(2 years out), because of UK stability and the strength of its "rule of law" and its financial sector, the UK will be viewed as a safe haven, whereas
the EU will stagger on as a basket case.
The dreamers in Brussells and Berlin may dream about a super state, but really? Who can envision a successful "super state" with the PIGS in it?
(Portugal, Italy, Greece and Spain). The real problem with the EU is a serious flaw in its financial set up. They have a European Central Bank, but
no "Federal Reserve" and as a result, the member states can and do print out and issue forth their own bonds at whim. Its a debt bomb looking for a
place to happen.