I just put this on Facebook.
So the bugger Britain BREXIT brigade is gaining traction. The FTSE is already down £20-30bn, London house prices have already slipped, inflationary pressures are growing and Russian hooligans are targeting Brits. And we haven't even voted!
Can they not see that, while given a fair wind and two decades GB might just float in this hostile world it is a huge gamble and short term pain is a certainty.
It goes like this: The FTSE crashes on June 24, vast sums are taken out of the pound and it falls like a stone, inflation builds and interest rates go up. Meantime the rich sell off their houses in London and other capitals - but there are no buyers and prices plummet. That takes all prices down and repossessions soar as interest rates continue to rise. In urn renters are chucked out to make houses more saleable - but with interest rates up no one can buy... Christmas is cancelled.
Investment returns crash and pension black holes of enormous size open up. The possibility of retrospective reductions looms. The beleagured Government tries for a massive austerity budget but the red necks vote them down. The Government falls in 2017. At the election the far right become the second largest party (or group of) and GB swings to the right. But Scotland and maybe more did not want OUT so they want to secede. The EU sees its chance and coddles up to them. The UK splits.
The now desperate England (and?) coalition of right and others decides to attempt to re-join the EU, possibly with ANOTHER referendum! But the terms are impossible. Farm subsidies have been withdrawn. Attempts to build good trade outside has been mixed - imported raw materials are too costly to be competitive. The immigrants who propped up health, catering and tourism all leave and the NHS becomes unworkable. The brain drain begins again. Tourism dies and food prices soar. Wages have stagnated, imported goods are unaffordable.
Never mind 2020 - cane we even get there if we leave? I doubt it.
So think before you vote.
