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The U.K. withdrawal (“Brexit”) from the European Union drove the Dow Jones Industrial Average down 611 points, but that was just the tip of the iceberg. Though the stock market rebounded, more unsettling news is on the way on economic, political and social fronts. Events will be startling, severe and global.
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One day, perhaps, the northern people of Europe will be able to enter into a partnership with the southern people. But, until they come to appreciate each other, they should have an affair instead of a marriage.
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The full bill for Obama’s failed economic policies has yet to arrive. But no such explosion of debt has ever escaped a day of reckoning, and no such monetary surge has ever had a happy ending.
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“Gold is money. Everything else is credit.” — John Pierpont Morgan
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