Brexit Debacle Could Trigger Financial Turbulence Worldwide.
In this report, I cover the early market action from London on Wednesday, March 13th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at the Brexit debacle and what is going on in the U.K. and how it could impact not only the U.K. but the rest of the world. With little time left until the Brexit deadline on March 29th, 2019 it looks like the U.K. establishment as represented by the government will try its hardest to water down and discourage the U.K. to really leave the EU.
I note that the British pound or sterling will continue to move like a yo-yo in the short term and that having your precious metals insurance in the form of physical gold and silver is more important than ever.
My conclusion is that this whole Brexit debacle could be James Rickards snowflake that triggers a major avalanche or financial turbulence worldwide as the U.K. and the City of London, in particular, are very important as far as the debt-fuelled derivatives bubble.
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I wish they would just get on with the job we gave them instead of trying to fool us all .cheers
Good morning mario, my interpretation of Churchill's statement when he said that britain could be part of a federal Europe is.. that parts of of it can indeed be particially in it! but not the undemocratic city of london, after all it is totally against the EU rules and can never be! that i feel is the deal? imo, the city of london will never surrender its independent's, unless it comes in the way it was founded. have a great day my friend :)
I think what Churchill said was that Britain should be outside a Federal Europe. Do you think the whole Brexit and the Referendum was a ploy by the City of London? It could have been. Who knows.
99.9999999% of us can only assume mario, i also include a lot of those sat in that place of a chamber in that figure as well, i go on history and events, but most importantly trying to read between the lines! but of course i could be totally wrong? the referendum was mandated by a general election and cameron put it in place! only to resign the very next day for the rest of this charade to play out! what was camerons beef before it was voted on with the EU? he could not give up britains veto on the EU's fiscal union, but who realy knows? like you say.
hello sir i am big fan of you
Thanks @yoyosursa