Wednesday, June 15, 2016

Hallelujah!

This story ran today on Bloomberg. Anyone surprised?  Sure, if Brexit passes, they'll be some volatility. Life is full of volatility. That's why we'll be buyers--opportunity to be apart of something much better. The word deceit is conjured by one Brexit-stay wag. Question: Who would know more about deceits than the already, long entrenched?

He goes on to say that he is more "worried now, much more worried than I was was in 2008." You'd be worried too if you were about to lose lucrative control of peoples' lives that you and your kind have been doing all in your power to decimate for years.

The campaigns for and against keeping the U.K. in the European Union laid out opposing visions of life outside the bloc as dueling ahead of next week’s referendum enters its final stretch.
Brexit Watch: The pound, the polls, and the probability of Brexit, all in one place
Chancellor of the Exchequer George Osborne painted an unremittingly bleak picture of the country’s finances after a vote to leave, detailing an emergency slate of spending cuts and tax hikes he said would be required. Appearing at a rail depot east of London on Wednesday alongside his Labour Party predecessor, Alistair Darling, Osborne warned that a 30-billion-pound ($43 billion) “black hole” would open in public finances due to reduced trade and investment.
Claims of benefits from Brexit are “fantasy economics. Worse than that, it’s a deceit,” said Darling, who served as chancellor during the financial crisis. “I’m more worried now, much more worried than I was in 2008,” he said.
In a sign of discord within the ruling Conservative party, 57 of it 330 lawmakers declared their opposition to Osborne’s proposed emergency budget, writing in a letter that his position would be “untenable” if he tried to implement it. Labour Party Leader Jeremy Corbyn said he wouldn’t back a fresh round of fiscal austerity either.
Hours earlier, the increasingly confident “Leave” campaign unveiled its own legislative agenda, pledging laws to restrict free movement of people and reduce the influence of EU judges with the goal of an ultimate departure by 2019. With a “framework for taking back control” comprising six bills, its proposals resemble an alternative government platform, again highlighting the divisions among Prime Minister David Cameron’s Conservatives. Most Tories -- and bookmakers -- expect him to step down within a year if “Leave” is victorious.

bloomberg.com/news/articles/2016-06-15/u-k-campaigns-lay-out-post-brexit-visions-in-push-for-dominance.

In the short run, uncertainty is certain. In the long run the UK and its currency will be stronger and better. In fact, it will become even more of a safe haven, like the old Swiss gold-backed franc, against volatility and EU bureaucratic nonsense.

So don't let the scaremongers with deep vested interests in keeping you and your future in their greedy, grimy little clutches frighten you. Think of MLK's famous words: "Free at last, free at last."

Can someone now please shout out a Hallelujah!


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