Brexit Collapse

Reading time: 621 words, 2 pages, 2 to 3 minutes.

I have to admit that I’m surprised the Brits found their backbones voting to leave the European Union (EU). My feeling was that the ‘proper’ British wouldn’t rock the boat and defy the establishment. It is a testament to people’s loss of confidence in their governments and institutions. One analyst titled it “The World’s Largest Economy Has Failed”.

The referendum is not ‘binding’ and the UK parliament still has to ratify it. Either way, there’ll be shit to pay. If ratified, it’ll be a major blow to the crumbling EU. If not ratified, there’s enough popular momentum that there’d be an ugly revolt.

Max Keiser calls it an “accidental revolution” in that the Brits probably didn’t know what they were voting for. That’s possible. At the very least, they were simply voting against PM David Cameron and Chancellor of the Exchequer, George Osborne both of whom are thoroughly despised. However, I have more faith in people than do our so-called leaders. People may not have known what they were voting for, but they sure knew what they were voting against.

And people know something is wrong even if they can’t put their finger on it. For instance with negative interest rates (NIRP), debt is now more valuable than cash. How stupid is it you’d pay the government to take your money? That’s not a solution. That’s surrender. That’s defeat. That’s a blatant admission of failure. Jim Sinclair says “All the systems are broken”. The economic models that central banks once used no longer work and people are beginning to realize it.

The financial elites, after months of relentless fear-mongering and propaganda tried to shame the Brits into remaining in the EU, but the Brits obviously aren’t as stupid as these craven elites think they are. Brexit was a majority revolt against the elites and a complete rejection of the establishment. Despite attempts to ‘stack the vote’ by closing polls early and rigging the mail-in ballots, the Brexit vote was still too strong to overcome.

The elites are losing control and panicking. They assured us Britain would never leave the EU. They also assured us Donald Trump would never head the Republican Party. Wait and see.

Brexit also reveals the ass media losing control of their masters’ narrative. Fewer and fewer people trust the lying media anymore. And, the progressives and leftists’ wailing and crying about Brexit is music to my ears.

However, the elite aren’t finished. They’re losing control and getting desperate. They will punish us for defying them in ways we have yet to see. Every nasty incident and terrorist attack will now be blamed on Brexit. The inevitable bursting of bubbles (bonds, stocks, real estate, and confidence) will also be blamed on Brexit. It doesn’t matter. The trend is obvious and unstoppable. There will be occasional set-backs. And, with elections coming up in the U.S. France and Germany, the financial elites will do everything they can to retain power. Yes, it’ll get ugly and next year we’ll fondly look back at the comparative serenity of 2016 as we recognize it as the beginning of the end.

The battle’s not over yet. In fact it has just begun. There’s already talk about another British referendum. The snakes will keep trying until they get the results they want. And, it looks like ordinary people are smart enough to flip them the finger.

Stay tuned. It’s going to get real interesting as the collapse continues.

Remember the mantra:

We cannot borrow our way out of debt.

We cannot spend our way to prosperity.

We cannot pretend our way out of trouble.

Gerold
June 26, 2016

Your comments are welcome!

If you like what you’ve read (or not) please “Rate This” below.

About gerold

I have a bit of financial experience having invested in stocks in the 1960s & 70s, commodities in the 80s & commercial real estate in the 90s (I sold in 2005.) I am appalled at our rapidly deteriorating global condition so I've written articles for family, friends & colleagues since 2007; warning them and doing my best to explain what's happening, what we can expect in the future and what you can do to prepare and mitigate the worst of the economic, social, political and nuclear fallout. As a public service in 2010 I decided to create a blog accessible to a larger number of people because I believe that knowledge not shared is wasted.
This entry was posted in Collapse 2016, Economic Collapse, Uncategorized and tagged . Bookmark the permalink.

10 Responses to Brexit Collapse

  1. nell says:

    excellent truthful comments– we in the usa are about to teach criminals establushment a lesson also! our backs are against a wall & we have to fight lije hell & endure until we ckeanup govt & let TRUMP lead us thru this tough time & take our country from the criminals in control over a quarter century!’m

  2. Roy says:

    The reason Brexit passed is because of hand counted paper ballots preventing Diebold from doing it’s “good works”.
    An excellent commentary on zero and negative interest rates – http://cluborlov.blogspot.co.uk/2016/06/the-money-cult.html

    good

  3. Trish Leach G says:

    The TRUTH is a breath of fresh air ! Enjoy whilst we can. This is going to be….well, revolutionary.

  4. Tim says:

    Hi Gerold, I’ve enjoyed your blog for a number of years and always find your articles are well-written and thought provoking. Thanks.
    As a Brit, it is funny now to see the left wing press react with such panic and hysteria (Just check the Guardian in the UK or the Washington Post in the US to see what I mean). I am sure ‘they’ will seek to punish the UK now until we “come to our senses” and change our mind. I expect the pound to go into free fall, the UK stock market to crash and a recession to begin there asap. It will however be interesting to see what the other side of this epic battle does now…….something within me expects people may be somewhat surprised……

    • gerold says:

      Great observations, Tim! Unfortunately, yes, you Brits will be “punished until morale improves.” Gawd, I always hated the sophomoric irony of that remark!

      And, you’re prescient to say, “It will however be interesting to see what the other side of this epic battle does now……. something within me expects people may be somewhat surprised.”

      We’re in uncharted waters now. I expect people on both sides will be very surprised.

      – Gerold

  5. Mario P says:

    No pain no gain. I applaude the choice made by the Brits. This is critical mass folks. A shit storm is coming but also required!

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