An interesting thing happened along the way of Britain’s drive to leave the European Union… and that is that the fears are not being felt by the people who currently are over 50% of the way towards a Brexit, but instead from the establishment who desperately needs the vote to go in favor of remaining under the thumb of Brussels to protect their own fiefdoms.
And yet, it appears that the elite may be seeing the writing on the wall, as during the months of March and April, investors have pulled out nearly $100 billion in investments from the British Isle.
Some 65 billion pounds ($94 billion) left the United Kingdom or was converted to other currencies in March and April ahead of the EU referendum, local media reported Tuesday.
According to the Bank of England monthly statistics, cited by Sky News, most of the money, amounting to 59 billion pounds ($85 billion) left the country in March.
“Investors are obviously concerned that in the event of a Brexit, the economic outlook will be very uncertain — investors dislike uncertainty — so they want to reduce their exposure to the UK equity and bond markets to reduce that risk,” chief economist for Henderson Global Investors Simon Ward said as quoted by the media outlet.
On May 12, the Bank of England’s Monetary Policy Committee (MPC) said that the value of UK currency was likely to decrease significantly if Britain was to leave the European Union. It is not the first time the Bank of England has warned about possible risks of Brexit for the country’s economy. – Sputnik News
There really is no valid reason for investors to pull out of the City of London simply because they might leave the European Union through a Brexit. In fact, with China and Russia forging ahead with their own trade coalitions in both Asia and Eurasia, the potential for the UK to create new opportunities as an individual nation could far outweigh their current environment where restrictions placed upon them from the un-elected officials controlling Europe’s economies already leave the island nation at a disadvantage.
Lastly, if Britain wants to sustain itself from a refugee invasion and eventual loss of national culture, removing itself from a union that has imposed open borders for the world’s Muslim population is the only real solution to the agendas of a psychopathic elite. And if the cost is a loss of $100 billion from investors scared away from both change and the future, then it is worth the losses to be out from under the thumb of a Troika that will eventually leave them looking like Greece.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com,Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.