Fear of Jeremy Corbyn Becoming Prime Minister in UK is a Threat to the Pound

There is a lot going on in Britain. Many fear that Jeremy Corbyn will now win because Theresa May has made a real mess of BREXIT. Consequently, the Telegraph is reporting that Britain’s wealthiest individuals are preparing to leave the country. The fear that Corbyn will take over Britain as the prime minister is rising. He is so left-wing that the #1 question coming from the UK is whether a win for Jeremy Corbyn could be the reason the computer has been projecting the fall of the British pound back to 1985 levels. It is clear that Corbyn just hates the rich. What he preaches has failed, but it does not matter. People like him just feel better hurting others.

Prime Minister May plans to submit another proposal but she is just resubmitting the same ideas rephrased. If she fails this time, the conservatives will ask her to resign. That could take place in June/July giving rise to some very interesting volatility overall.

Latest Posts

Berkshire Hathaway: CEI Score 0

Berkshire Hathaway managed to score a total of zero imaginary woke points on the Corporate Equality Index. The Human Rights Campaign (HRC) investigates how woke a business has become, solely [...]
Read more

Turkey & the Election

QUESTION: Mr. Armstrong; I’m not sure if you remember me. I was with the Islamic bank that our board ordered we were to open a branch in Turkey and we [...]
Read more

Biden on Gay Marriage (2006)

https://www.armstrongeconomics.com/wp-content/uploads/2023/05/Biden-Gay-Marriage.mp4   Politicians echo the popular opinion of the time to gain votes. They act in their own self-interest and do not care about the people. Joe Biden now prides [...]
Read more