iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Britain Headed for ‘Hard BREXIT’; Germany Leads Call for EU Army: Pound Slides

Prime Minister May is scheduled to give a speech regarding BREXIT on Tuesday — something the people of Great Britain voted to do more than 6 months ago. How this is news is anyone’s guess. I suppose the people who were against BREXIT, namely all of the media/globalist shills, thought it would just go away.

Alas, after a sharply worded interview by Phillip Hammond, Chancellor of the Exchequer, and ahead of a significant speech by May scheduled on Tuesday, it appears reality is starting to seep into the matrix.

Source: Ny Times

In a combative interview published on Sunday, the chancellor of the Exchequer, Philip Hammond, warned that, if no agreement could be reached on market access, Britain could change its economic model from “European style” taxation and regulation to regain competitiveness.

“The British people are not going to lie down and say, ‘Too bad, we’ve been wounded,’” he said. “We will change our model and we will come back, and we will be competitively engaged.”

In a television interview on Sunday, Jeremy Corbyn, the leader of the opposition Labour Party, said that Mr. Hammond “appears to be making a sort of threat to the European community,” calling it “a recipe for some kind of trade war with Europe in the future.”

In other words, the Brtish government isn’t going to let a pack of unelected wolves in Brussels bully them around and will compete with the EU in order to protect the business interests of the British people. Only to a crazy person is this bad policy for the UK.

In other news, Germany’s Angela Merkel is calling on the EU to form an army. Naturally, Germany would lead such an army — as it had conquered the continent, continuously, over the past century. Let it be noted, however, the German army of today is not the Germany army of 1940.

“Let’s not fool ourselves. From the point of view of some of our traditional partners – and I am thinking here as well about the transatlantic relations – there is no eternal guarantee for a close cooperation with us Europeans.

“I’m convinced that Europe and the EU will have to learn to take on more responsibility in the world.

Europe is facing the biggest challenges for decades. It would be naive to always rely on others to solve the problems in our neighbourhood.”

The Brtish Pound is down 1% v the dollar — down to 31 year lows.

pound

If you enjoy the content at iBankCoin, please follow us on Twitter

18 comments

  1. t.c.

    Germany in charge of Europe, what could possibly go wrong?

    I’m starting to think we are going to have to destroy Germany to save the West again.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  2. sarcrilege

    “Naturally, Germany would lead such an army ..”

    i see nothing wrong with that! nothing will go wrong. /sarc off

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ironbird

    Bratwursts are pig parts. Good luck with that “Army”.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. joshua

    And ironbird’s it’s have flaccid parts. What’s your point, floppy?

    • 0
    • 1
    • 0 Deem this to be "Fake News"
    • ironbird

      Okay daft one. Mr Merkel has a man power problem. Or maybe not. If he dons a burqa and makes goat head the national dish. Get it yet.

      • 1
      • 0
      • 1 Deem this to be "Fake News"
  5. moosh

    Short the pound. Fish and chips is bullshit. The worst food platform ever.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. juice

    In sort of related news – Trump plans to include alternative media, bloggers, etc. in his White House press briefings. Perhaps Monsieur le Fly could represent.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Dr. Fly

      “Mr. President, Sir, would you consider kicking Washpo down an idle sewer pipe for fucking up their news and reporting fake news?”

      • 2
      • 0
      • 0 Deem this to be "Fake News"
    • cancel19

      Great! We don’t need the soon to be shit main media spewing their disrespect and fakeness given any form of importance in the New World Order!

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. joshua

    That’s probably a good thing, we don’t want people asking or saying anything that hurts his feelings. We don’t need the orange snowflake to melt. The pussification of the American male begins.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. joshua

    I rarely watch tv, and growing up military I’ve been to and lived in more places than I can count.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. husaria

    German army is a joke. Their equipment is not in a good state of repair. Poland, Czech, and Lithuania would not go along with this notion.

    • 0
    • 0
    • 0 Deem this to be "Fake News"