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My inclination is that such a fall-out would so impactful for the world economy, it simply won't occur. That is, the major players won't allow it to happen. To that end, I can see the establishment making big moves: installing a sympathetic government or ensuring the referendum is rigged. I think this is a situation where things are allowed to get right up to the edge, the distraction is confirmed, and then disaster averted.
Recent history would confirm that theory. They certainly saved the banking and insurance agencies and 2008 and they very well may do the same for governments and banks. But how many times can that be done when there really isn't any money.
China had it all, or so everyone thought. Or at least they have the right to call in the loans from the US.
I really do believe this can only go so far and for so long.
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[–] 519924? ago
A comment on the article said, "Relax, it is far worse than you think.
I believe it is.
[–] bill.lee 0 points 1 point 1 point (+1|-0) ago
My inclination is that such a fall-out would so impactful for the world economy, it simply won't occur. That is, the major players won't allow it to happen. To that end, I can see the establishment making big moves: installing a sympathetic government or ensuring the referendum is rigged. I think this is a situation where things are allowed to get right up to the edge, the distraction is confirmed, and then disaster averted.
[–] 520087? 0 points 1 point 1 point (+1|-0) ago
Recent history would confirm that theory. They certainly saved the banking and insurance agencies and 2008 and they very well may do the same for governments and banks. But how many times can that be done when there really isn't any money.
China had it all, or so everyone thought. Or at least they have the right to call in the loans from the US.
I really do believe this can only go so far and for so long.