Jack reviews in detail the upcoming UK vote to leave the European Union.

Cameron’s ‘faustian’ bargain is coming. What will the ‘devil’ demand?

The origins of the vote and likely consequences of a Brexit are

considered, for the UK, for the EU and for the US and rest of the global

economy.  The likely effects on the real economy, as well as more

volatility for global currencies, more central bank money injections,

more negative interest rates, slowing real investment and declining

productivity.  Brexit as a proxy for discontent over the conditions in

the UK economy, immigration effects, cultural and sovereignty issues. Brexit as a reflection of discontent with supra-national free trade

agreements and cross-nation capitalist integration efforts by global

financial and economic elites. Jack compares Greece efforts to reform

the EU to current UK efforts to do the same and predicts UK will also

fail.  An alternative scenario post-Brexit: nothing happens for another

two years under Article 50 of the EU treaty.