Posted Jun 25, 2016 by Martin Armstrong
The true impact on Britain and Europe will start to become visible rather quickly. It is absurd to think that anything has to change in respect to trade between the EU and Britain. What this means is that Britain will not be subservient to Brussels and will be in the same position as the United States. However, our sources are telling us that the EU will try to punish Britain, as they did the Greeks, for having the audacity to reject their superiority. This may become more of a nasty divorce akin to a wife who hated her husband’s La-Z-Boy. In divorce, it will cost him $50,000 in legal fees to get the La-Z-Boy back that she threatened to throw out many times. NATO is nothing without Britain. Indeed, Europe is incapable of defending itself without Britain and the USA.
The Scottish are threatening to hold their own referendum to separate from the UK and remain in the EU. That too is insanity. Scottish independence is one thing, but to remain in the EU is to surrender their independence and become subservient to Brussels. Ireland wants a referendum to unite North and South. That will probably only result in civil war. Britain should step out and let them duke it out.
When the markets crash in Europe as Brussels tries to outlaw short selling to prevent markets from going against the politicians, Britain will remain the place to do business and the euro will suffer. The banks were just doing what the establishment told them to do. The threats that banks would leave makes no sense whatsoever.
Meanwhile, Obama arrogantly told the Brits back in April they had to go “to the back of the queue” and would not be able to strike a trade deal with America “anytime soon” if it left the European Union. This showed just what politicians have become — buffoons who will say anything to win the moment. Now Obama is saying, “The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy.” He continued, “The United Kingdom and the European Union will remain indispensable partners of the United States even as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world.”