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Thursday, December 1, 2016

BACKDOC update, 1 DEC

BACKDOC:  IT SEEMS EUROPE HAS SEVERAL COMPLEX ISSUES AT HAND. THE EURO ITSELF ADDS TO THAT MIX OF PROBLEMS. 

AS COUNTRIES BEGIN TO LEAVE THE EU QUESTIONS REMAIN HOW THE EURO WILL UNWIND OR EVEN BE ABLE TO STAY SOLVENT WHILE AT THE SAME TIME COUNTRIES ARE TRYING TO SECURE ENOUGH ASSETS TO BECOME ASSET-BACKED WITH THEIR OWN CURRENCY! 

THE UNWIND WITH THE POUND COULD COST BETWEEN A 120 BILLION TO A 150 BILLION POUNDS TO EXIT THE EURO ZONE. 

 THIS OF COURSE WILL ONLY PUSH THE POUND CLOSER TO PARITY WITH THE DOLLAR.   BETWEEN DECEMBER AND MARCH WE WILL SEE A GLOBAL ONSLAUGHT OF GLOBAL ISSUES. DOC  IMO

Thunderhawk:  Analysis: Italy’s Brexit moment? The complex constitutional referendum that could rock Europe.

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