All the pieces are in place for a systemic collapse greater than the financial crash of 2008 in the wake of Brexit, warns Max Keiser. The economist told RT that we are now faced with the possibility of contagion, similar to the collapse of Lehman Brothers in 2008, which triggered a global credit crisis.
“We’ve seen markets sell off and we’ve seen marking down of assets on books, we haven’t yet seen the big margin selling that will come in soon, I’m sure there will be some hedge funds that will declare bankruptcy. There are going to be some add on effects that could start to gather some momentum.” The question is: “Can the Central Banks once again ride to the rescue and save the global economy by printing money?” READ MORE
Advertisement
I am getting so tired of hearing from experts how the sky is falling, we are all doomed, because of Brexit. In fact, I would like to see anyone who displays this type of behavior to be removed from what ever position they hold in the finance community/politics as they are unfit. This chicken little routine is old.