Bank of England will Remain Outside of the Eurozone

QUESTION: Dear Martin,
I am a follower of your blog since I saw your film on a plane coming back from the US. Recently I purchased access to the private blog because I find priceless the nonbiased information you share with us.
I am a middle-class European guy, with no investment, only a bit of money on the bank. I read your post about currency canceling in 2021 and got really scared.
It is really difficult for me to open a bank account in the US, so I tried to move money to an online bank in the UK and put it in US dollars.
My question is: Would it be enough to move money from a Spanish bank to the UK and put it on a US dollar basis? Or the UK will not be safe anyway…
Thank you so much for what you do. Reading your blog is the best way to open the mind…

Best regards,
AAA

ANSWER: Now that the British election took place and the Conservatives won a majority, it is safe to say that the UK will leave the EU. So there should be no problem with the British banks getting caught up in the overall banking crisis in the EU. The Bank of England is independent of the ECB and will act accordingly to the domestic economy. The issue is inside the Eurozone.

Latest Posts

Incoming Border Tzar Tom Homan

Incoming border tzar and former director of US Immigration and Customs Enforcement (ICE) Tom Homan will lead the “zero tolerance” efforts for illegal migration. Legal immigrants are safe, despite the [...]
Read more

Free Speech and First Amendment Secure Under Trump

https://www.armstrongeconomics.com/wp-content/uploads/2024/11/TrumponFirstAmendment1AFREESPEECH.mp4   Donald J. Trump believes protecting the First Amendment is a matter of “victory or death” for America and the survival of American civilization itself. Trump has vowed to [...]
Read more