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Tuesday, August 09, 2016

Brexit was nothing compared to what's coming

The last two months alone have seen Britain leaving the European Union, terror attacks, cop killings, Deutsche Bank nearly collapsing, the German long term interest rates set at negative, to name a few.

But over the next couple of years, it’s going to get a whole lot worse. As economies worsen, there will be more social unrest, more angry people, and crazier politicians. Somebody will try to come along on a white horse to save us all, but she usually makes it worse.

Are we at a point right now where it feels like it’s accelerating. People all over are very unhappy about what’s going on. If you read history, there are a lot of similarities between now and the 1920s and ’30s. That’s when fascism and communism broke out in much of the world. And a lot of the same issues are popping up again.

Brexit could be a triggering moment. This is another step in an ongoing deterioration of events. It’s also an important turning point because it now means the central banks are going to print even more money. That may prop the markets up in the short term.

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4 comments:

Anonymous said...

"..Somebody will try to come along on a white horse to save us all, but SHE usually makes it worse.."

I love that. So true.. :-)

Anonymous said...

... or in a white pantsuit!

Anonymous said...

Any good news?

Anonymous said...

9:00
No