- Jun 22, 2009
https://mythfighter.com/2016/06/24/what-will-brexit-mean/Britain has voted to leave the European Union, so the markets will crash.
There is no functional reason for the markets to crash, but investors are lemmings, and it takes only a few leaping off the cliff to begin a stampede of cliff divers.
Nothing real will change today. The exit from the EU will take months, years to accomplish, and meanwhile no one knows exactly how that will be accomplished.
Years ago, Britain was smart enough not to fall into the euro trap. So having their own currency, they have been Monetarily Sovereign, and tomorrow, they still will be. Britain always has had one financial foot out the EU door.
So Brexit will be more easily accomplished than a French “Frexit” or a Greek “Grexit.”
With all the doom and gloom claims, you might think some people know what will happen, but of course, they don’t.