Irreversible Brexit Mistake

Irreversible Brexit
Mistake
By www.ForexConspiracyReport.com

http://www.forexconspiracyreport.com/irreversible-brexit-mistake/
The UK will vote soon on
whether to remain part of the
European Union or leave.

A possible British exit has
been shortened to the word
Brexit.

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What would be the aftermath
of a Brexit?

Many observers such as The
Washington Post think that a
Brexit would be
an irreversible mistake.

Does the U.K. want to face the
world alone as a limited scale
island nation or to remain an
influential part of the E.U. -
the world’s largest economy?

Does the U.K. want to stand
apart from Europe or try to
shape it at this complex hour
in global affairs?

Thursday’s choices will have
immediate financial and
economic consequences.

And they can be assessed by
outside economists.

Put simply, Brexit could well
be the worst self-inflicted
policy wound by a Group of
Seven country (France,
Germany, Italy, Japan, the
U.K., the U.S. and Canada)
since the formation of the G-7
40 years ago.

It is a risk no prudent
policymaker would take.

And the risk is not confined to
the U.K. In the current
context, Brexit would unsettle
the global economy and
possibly tip it into recession.

Leaving the EU would be
irreversible.

Markets and currencies will
suffer huge volatility.

It will take years to rewrite
trade agreements just for the
UK.

And the chaos of Brexit may
well be contagious spurring
populist policies elsewhere.

The Post reminds us of the
Smoot Hawley tariff that more
than a stock market crash
caused the Great Depression.

They firmly believe that the
irreversible Brexit mistake
would be costly and on a
global scale.

How Others Will
React

The general consensus is that
the EU will act firmly so that
other nations don’t defect and
that will mean tough
negotiations with the UK for
subsequent trade deals and
other cross border issues.

The Guardian notes that
the ECB is ready to take
action on the currency front
while the chairman of the Fed
warns of consequences.

How Will Brexit Affect
Americans?

CNBC says that the Brexit vote
is important for regular
Americans.

Nearly every market move
over the last two weeks has
been attributed to the
upcoming British referendum
on whether the United
Kingdom should remain with
or leave the European Union.

Important British trading
partners – including India and
China – have indicated they’re
worried that an exit would
create regulatory and political
volatility that could harm the
economies of everyone
involved.

In the U.S., billions, if not
trillions, of dollars could be
called into question by a
British exit:

In 2014, American direct
investment into the EU totaled
about 1.81 trillion euros, and
about 1.99 trillion euros
flowed in the opposite
direction, according to the
European Commission.

If even a small percentage of
that is disrupted, it could
reverberate across the globe.

Similar concerns apply for
Chinese, Indian, Japanese and
other international companies
and investors.

The dollar will likely rise and
the GBP and EURO will likely
suffer from a Brexit.

The Swiss franc, Yen and USD
will increase in their roles
as safe haven currencies.

And investment in the UK,
Europe and especially in
developing economies will
suffer as their currencies slide.

Irreversible Brexit Mistake

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Irreversible Brexit Mistake