Wednesday, 29 June 2016

Revenge Of The Rubes——Why The Days Of The Financial Elite’s Rule Are Numbered | David Stockman's Contra Corner

Revenge Of The Rubes——Why The Days Of The Financial Elite’s Rule Are Numbered



Talk about not waiting for the body to get cold. The establishment oracles are out in force today proclaiming that Brexit has already been cancelled. Apparently, like in the case of the first negative vote on TARP, two days of currency and stock market turmoil have taught the rubes who voted for it the errors of their ways.

The argument is that the unwashed masses outside of Greater London have shot themselves in the foot economically based on some atavistic fears of immigrants and cultural globalization. Racism even.

But those are just momentary emotional outbursts. Right soon they will get back to where their bread is buttered, and demand a second referendum in order to re-board the EU’s purported economic gravy train.

Thus, Gideon Rachman, one of the Financial Times’ numerous globalist scolds, professed that his depression about the Brexit vote has already given way to a worldly vision of relief:

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