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Hyperinflation though...you think it will really be that bad?
This country is now being run by ideologically-driven disaster capitalists, supported by increasingly fanatical ethnonationalists. When we crash out and things start failing, they're not going to acknowledge their mistakes, they're going to blame everybody else. So there's no reason to expect rational reactions to problems, there's every reason to expect them to double down. All presided over by a clown who has already declared war on Europe, wearing a tin helmet and invoking the spirit of the blitz.
Yes, it could get that bad. Bannon would be delighted.
itsbruce-
I hope it won't come to this. Right now...I can't estimate the odds. Nearer 31 October though...I hope we won't reach this while hidden in a shed somewhere with candles, dollars, tinned food and a windup radio.
Time to open a euro account.
A mate of mine is diabetic...I better tell him to stock up. Just...in case.
The insanity of this is that the UK loses much much much more than they ever gain...yes they'll get rich. But not hundreds of billions rich.
(And I'm not even factoring in loss of life here... )
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I'm an utter noob in all this.
But will UK monetary policies and refusal to print cash willy nilly not lead to the 2008 crash (again!!!!) sort of scenario and another 10-20% drop in sterling and even more going to the 1% / foreign asset strippers rather than hyperinflation?
As that often requires an utter lack of monetary policy and overborrowing too.
But your character assessment I have to agree with... Was it not Bannon on BBC news saying the disruption hasn't even started yet? The ironing.
JWestland
Good time to buy a house then, nice bit of debt, as long as I have enough euros to pay it off ;)
Hyperinflation though...you think it will really be that bad?
I mean, I expect a huge mess and job losses and the £ dropping 20% or more on no-deal, but the UK will come crawling back soon enough. (well...in 1-2 years? can it really get that bad?)
I mean the mandate of the government is paper thin, and it has no mates if that happens.
Rolex tho.