Panic in High Places

When David Cameron decided to let the British people vote on Brexit, he did not realize that he would open a real can of worms. Before the referendum, I declared that Brexit would not be the reason for a collapse of the world economy but that it could be the catalyst for such a collapse.

We have only seen a few days’ reaction with heavy intervention from central banks around the world but judging by the massive volatility we have seen so far, there is now a very high likelihood that a major secular decline in the world economy will now start to unravel. The next few weeks and months are likely to be a lot worse than the 2007-9 crisis.

Unaccountable and unelected bureaucrats should not decide over 500 million people