There was a lot of noise from those wanting the UK to remain in the EU about plagues of locusts, hurricanes and tsunamis tormenting the UK shares as a result of a somewhat obvious move [in my opinion] to leave the troubled & declining EU.
The currency has recovered...period the end!
Now I'm not saying fiat currencies are any sort of safe haven in the long run, as history shows that all fiat currencies have an intrinsic value of zero. And it will go that way...eventually, but I want to call out all those jumping on the "everything is going to hell if we leave the EU" band wagon is that really no one knows. Forget the Bristih pound...that's not the story.
If you look at a 100 year chart of the GBPUSD.. that's the real story....it's going to zero. Brexit & the pound falling to multi month lows is just a mere tiny distraction.
This thing is going down!
Here where the pound was at the time of the vote to leave the EU and now. Its a floating devalued currency. Nothing to see here move on please.
I don't give financial advice...but if you are holding British pounds, there is a something called real money that will emerge from all the inevitable chaos, not from Brexit...but from the multi decade abuse of Central Banking meddling & experimenting that has left us all with a debt standard that will confine us all (except the planned few) to the poor house.
This cannot carry on.....
An example of real money...something that can hold its purchasing power overtime...Lets see
just a thought.
Thank you for one more thing that debunks a remainer point of view. FYI - I'm not even British.
Thanks.....I just want to put some interesting points to the other side of the story.
And you did, my friend, and you did:)
Retweet from 2 years ago.... but the debt of the United Kingdom has increased to £1.97 trillion with a debt to GDP ratio of 86%