Brexit is a good separation; Scexit could be a reality - James Rickards

James Rickards, Author of “The Road to Ruin” and “The Death of Money” talks about Brexit being a good separation for both the UK and EU, a high probability of Scexit i.e. Scotland’s exit from the UK followed by an entry into the EU, the next crisis being bigger than the one in 2008 and Trump Presidency.

Listen to the full segment to know what would happen to UK if Scotland were to leave?

Key quotes

UK should have never been in the EU Brexit Negotiations should go smoothly Europe is getting more and more integrated, they have to Expect Scotland to be the new EU member in due course Fatal flaw in the EU- monetary union, but not fiscal union UK has been never on board when it comes to fiscal union, banking union The UK doesn’t have much gold left.... Following Scexit, Scotland would be left with no pound and no gold The five US banks are much larger… Everything is more dangerous than 2008 The collapse is coming… When it happens, it would be much bigger than 2008. We are overstretched 10% allocation in gold would be your insurance policy US has gold… and is in a much better position than the UK

Brexit#Scotland#EU#UK#US#macro#economy#fundamentals#politics#James Rickards