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Brexit is a good separation; Scexit could be a reality - James Rickards
James Rickards, Author of “The Road to Ruin” and “The Death of Money” talks about Brexit being a good separation for both the UK and EU, a high probability of Scexit i.e. Scotland’s exit from the UK followed by an entry into the EU, the next crisis being bigger than the one in 2008 and Trump Presidency.
Listen to the full segment to know what would happen to UK if Scotland were to leave?
Key quotes
UK should have never been in the EU
Brexit Negotiations should go smoothly
Europe is getting more and more integrated, they have to
Expect Scotland to be the new EU member in due course
Fatal flaw in the EU- monetary union, but not fiscal union
UK has been never on board when it comes to fiscal union, banking union
The UK doesn’t have much gold left....
Following Scexit, Scotland would be left with no pound and no gold
The five US banks are much larger… Everything is more dangerous than 2008
The collapse is coming… When it happens, it would be much bigger than 2008. We are overstretched
10% allocation in gold would be your insurance policy
US has gold… and is in a much better position than the UK
Brexit#Scotland#EU#UK#US#macro#economy#fundamentals#politics#James Rickards
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By TipTV BusinessJames Rickards, Author of “The Road to Ruin” and “The Death of Money” talks about Brexit being a good separation for both the UK and EU, a high probability of Scexit i.e. Scotland’s exit from the UK followed by an entry into the EU, the next crisis being bigger than the one in 2008 and Trump Presidency.
Listen to the full segment to know what would happen to UK if Scotland were to leave?
Key quotes
UK should have never been in the EU
Brexit Negotiations should go smoothly
Europe is getting more and more integrated, they have to
Expect Scotland to be the new EU member in due course
Fatal flaw in the EU- monetary union, but not fiscal union
UK has been never on board when it comes to fiscal union, banking union
The UK doesn’t have much gold left....
Following Scexit, Scotland would be left with no pound and no gold
The five US banks are much larger… Everything is more dangerous than 2008
The collapse is coming… When it happens, it would be much bigger than 2008. We are overstretched
10% allocation in gold would be your insurance policy
US has gold… and is in a much better position than the UK
Brexit#Scotland#EU#UK#US#macro#economy#fundamentals#politics#James Rickards