The EU leadership is attempting to minimize the importance and the explosive result of BREXIT. While the leaders merely yell “You will still regret it”, the disintegration of the EU has already begun and they are clueless as to what is really at stake. While many just focus of trade, the entanglement is far more complex than just trade. The banking system, clearing, and the implementation of bank-bail-in provisions place at risk the entire European banking system.
We will be issuing an Institutional Level report covering this extremely crazy and complex crisis that is about to unfold going into 2018. It is sufficient to say, whatever you may have thought could go wrong, is probably just the tip of the iceberg. This may be so catastrophic that the dollar could end up giving everyone more than just a nose bleed.
