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Brexit may change global finance picture

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Monday, July 11, 2016 8:10 PM

The United Kingdom is leaving the European Union.

In terms of the UK dropping out of the EU, what has been the most surprising turn of events is that there was an initial 10 percent chance that the UK would exit. What has been interesting is that the older generation is the main one that voted for the change, not the younger generation that you would think would be more supportive of a move.

I am sure there are a lot of reasons for the exit, but overall the UK probably got tired of Germany residing as its main power broker within the EU. Now it looks like five other countries will soon follow.

Could this be the start of a domino effect in terms of a world currency reset? A re-evaluation of our dollar?

At this time we are looking for major events that will lead to a trigger, a backup currency, a currency reset, something, in order to stabilize the future of our financial system. Because we can no longer continue down the same road that led us to a $19 trillion national debt.

I would also like to be privy to the strategic conversations happening this week in the think tanks of governments in China, Russia and India. They control the BRICS (Brazil, Russia, India, China, South Africa) development banking system as the world’s gaze turns to Europe and it buckles down for an uncomfortable few years with a lot of change ahead.

Bill Utrup

Cortez

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