Home / #Solutions / Ron Paul: The People Will Not Suffer From Brexit, Only the Global Banking Elite Will

Ron Paul: The People Will Not Suffer From Brexit, Only the Global Banking Elite Will

Since 1958, the European Union has been absorbing independent states across the continent. Starting with the original inner 6 countries (Belgium, France, Italy, Luxemburg, Netherlands, and West Germany) and ending with Croatia in 2013, the forced centralization of Europe was a massive and ominous force with which to be reckoned. Until now.

On Friday, the people of Great Britain made their voice heard. They no longer want to be a part of the European Union and for good reason. For decades they have sat back and watched the global elite enrich themselves through special trade agreements ostensibly designed to bolster the economy, but in reality grant special treatment to those close to the top.

George Soros exposed the dependence of the elite on the EU when he took to fearmongering about rampant financial collapse upon Brexit.

“The Brexit crash will make all of you poorer — be warned,” Soros penned in an op-ed for the Guardian on June 20. “My 60 years of experience tells me the pound will plummet, along with your living standards. The only winners will be the speculators […]

“A vote to leave could see the week end with a Black Friday, and serious consequences for ordinary people.”

However, as Ron Paul so aptly pointed out on Friday, the people’s suffering will be minimal. It is the banking elite who are running scared.

“Other countries are watching….This is the beginning of the end of the European Union…and nobody is going to suffer from that. Only the wealthy, banking, special interests will suffer any from this,” said Paul.

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And he is correct.

On Friday, Britain’s biggest banks faced double-digit losses on the stock markets, with shares plunging. Barclays dropped by 23.08% to $8.60, HSBC shares dropped 7.35% to $31.25, Royal Bank of Scotland sunk a whopping19.63% to $6.02.

In the US, JPMorgan Chase shares were down 6.26% to $60.04. Bank of America shares fell 6.34% to $13.15, Citigroup shares dropped 8.3% to $40.77, and Wells Fargo dived 4.7% at $45.66.

The big investment banks were also hit hard with Goldman Sachs shares down 5.26%, and Morgan Stanley shares dropping 8.57% to $24.94.

The global banking industry is entirely dependent on centralization of power to keep their balance sheets in order as their model requires a controlled economy. However, as Brexit has already shown, this model is not in the interests of the people. As nations continue to declare their independence, the cartel will crumble.

Matt Agorist is an honorably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world.

  • Ed Tobin

    Now if we can only get the will of the people and NOT the selection of the DNC to provide us with an actual nominee who isn’t just for herself and the fradulent Clinton Foundation.

  • Dan

    The “Brexit” was a huge mistake, the voting support for it came from the same kind of bigotry and ethnonationalism that’s driving support for Trump in this country. Saying this will only harm the big bankers and the elite is naive at best, or furthering the lies at worst. The many lies pushed by the hard right in the UK, especially the UKIPs, whose leader already apologized for making promises about the benefits of Brexit to the UK’s national health program, which he admitted were a lie to gain support for the movement.

    I’m not an economist, but even I know better than to take advice. or even analysis, on regional or global economics from Donald Trump or Ron Paul.

    • Dan K

      You are wrong there. The UKIP leader Nigel Farage has not apologised for making promises about the benefits of Brexit regarding the NHS as he never made that claim in the first place. There were two main campaigns to leave the EU. He was part of a campaign called “Leave.EU”. A seperate campaign called “Vote Leave” implied they would take the £350million weekly gross contribution to the EU and spend it on the NHS instead. Nigel Farage NEVER endorsed this suggestion and never used that figure in the first place. After the vote he re-affirmed what he said all along; that the figure was misleading.

      I understand where the confusion has arose, some media outlets are deliberately trying to smear Farage and muddy the waters. I hope this has cleared it up for you now.

      • Dan

        I appreciate the input, I saw a clip from “Good Morning Britain” where he repeated that he hadn’t actually been the one to say it, but apologized nonetheless. They also had a segment about the big red bus that was driven around pushing that idea.

        I can only go on what I see from the middle of America, but I just emailed a friend in London and I’m going to wait to hear what he sees.

        Thank you though!

      • gordon

        £34 million EU funding every day to be spent instead on schools, hospitals and GP’s. And in other news the tooth fairy and santa claus have announced their engagement.

    • Carroll Price

      Over the past 30 years or more, when it comes to sound financial advice and decisions, Ron Paul and Donald have been essentially correct. So, with this being the case, on what grounds are you basing your opinions?

      • Dan

        You’re going to have to give examples of that claim! I’ve been around and involved for a long time, and I can honestly say that I would have never expected anyone to make that claim to me before, at least not with a straight face.

        • Philip Haddad

          I would not put Ron Paul & Donald in the same category.

          Ron Paul has predicted the housing bubble, devaluation of the dollar, financial crisis, blowback from foreign policy missteps, etc.

          • Dan

            I didn’t put them in the same category, I was responding to someone who did…

        • Carroll Price

          Nice try Dan but since you accused Ron Paul and Donald Trump of not being good financial managers the burden of proof is on you not me.

          • Dan

            I think you have that backwards, you claim 30 years of financial expertise without anything to support it. I don’t have to prove anything, cite some clear, searchable examples of their expertise and if I will follow up and give you my researched response.

            That’s how it works… Only Trump supporters think that just saying things makes them true. The rest of us need more than that.

          • Carroll Price

            Since Trump is a billionaire, the question of him being good with finances is somewhat moot. As to Ron Paul, I know nothing of his personal finances, but know for a certainty that as a retired MD who owned his owned his own practice, he must not be too bad of a financial manager. Plus, he said 15 years ago that the Iraq war would end up bankrupting this country, which has now turned out to be essentially correct. I really don’t know what your point was in claiming that these two men were poor financial managers, since that is obviously not the case. Just what the hell are you trying to prove anyway?

          • Dan

            First, the U.S. is not bankrupt, but your man Trump knows plenty about that. How does one bankrupt a casino?

            I’ve seen several articles written by a variety of fund managers that say if Trump had simply put all the money he inherited into some simple investment funds, he’d be a lot richer than he is. We also don’t really know how rich he is because he won’t release his tax documents. It’s been claimed that overall he actually lost money last year so he doesn’t want us to know.

            I’m not really sure why I’m even putting this much effort into responding to you, Ron Paul is irrelevant and Trump will never be anything more than a loud mouth bully and embarrassment to all civil, decent Americans, and he certainly won’t be President…

            I’m done.

          • Carroll Price

            You were done before you ever started.

          • Dan

            Your man Trump is done…

    • Tim Morrow

      You’ve got to be kidding me, first central planning has never worked, and the EU is nothing but consolidation of trade so the elite can control trade. Its the opposite of “Free” trade. The UK moving away from BS will mean they can control the ultimate outcome as far as trade. Also control immigration, which is problematic. You cant have a war on terror then also have open borders. These fear mongering A holes need to make up their mind. WTF.

      This comparison of Ron Paul to Donald Trump cant be made anymore, they have NOTHING in common, zero, how dare anyone use that analogy. The Donald inherited his money, he hasnt really done squat on his own other then sue people and file bankruptcy.

      • Dan

        First, I have nothing good to say about Trump, and Ron Paul is irrelevant, at least as far as this topic is concerned. Someone else offered them up as some kind of financial geniuses and I just questioned that claim.

        I do think the Brexit was a mistake. While the EU is not perfect, the benefits of being part of it are far greater and more complicated than just a “consolidation of trade so the elite can control trade”.

        The UK was the most independent of of all the EU members and probably the most influential, so more aggressive participation may have been a better choice than leaving. Overcoming the problems created by leaving, if they all can be overcome, may take decades and that really benefits no one.

        • Tim Morrow

          I have nothing good to say about the Donald either but as far as Ron Paul?, you did catch the title of the article that you can commenting on right?

          “Ron Paul: The People Will Not Suffer From Brexit, Only the Global Banking Elite Will”

          The point being while on the surface this is just the UK exiting the EU, its also another GREAT example of central planning not working. The catalyst was of course the reckless immigration policies of the EU that directly affected the UK.

          • Dan

            The “Leave” movement made immigration a catalyst as an afterthought when their financial justifications failed to garner enough support. This movement started at least a decade ago, long before immigration even became an issue.

            And yes, I did catch the title of the article, and I still consider Ron Paul to be irrelevant. His view of this is too simple, the economics of this are far too complicated to boil down to such a focused view and that view, that message, is the one that was failing to convince the people of the UK, that’s why they had to start making it about immigration.

          • Tim Morrow

            So you honestly think it takes years to negotiate a “free trade” deal? lol. Sorry Dan but youre just another Globalist, you’ll say anything to justify your way of thinking.

            Unbelievable. lol

          • Dan

            When has it not taken years to negotiate a trade deal? As trade deals are negotiated around the globe, the UK will just have to get in line like everyone else now, they may even be excluded from deals they could have benefitted from as a member of the EU.

            Like it or not, we live in a global community, with a global economy, and to see the big picture, we must understand it’s a small world…

          • Tim Morrow
    • Fool Observer

      Your a little confused, Farage never said the NHS would have an extra 350 mil, or even endorsed this.

  • extravaganza

    Let us think about the winners here: the fishermen who regain their fishing-grounds ( which were taken by EU-regulation) , the farmers , who can grow what they want ( because EU-regulation forbids that), put a stop to migration ( EU demands taking care of refugees within the national borders) , the TTIP-agreement will be GONE ! 🙂 , Billions of pounds of EU-contribution will be saved , National laws will be binding, instead of EU(federal) laws….. etc etc etc

  • Gerald Giddings

    Anyone is daft enough to think that it will just be the banks that suffer is deluded as always it will be the people at the bottom that is hit the hardest, followed by house owners.