Will there be capital flight to elsewhere in the world? Of course.
If anyone other than our Commie-in-Chief were in charge in the US, that flight would probably be to the US Dollar.
Now the question: How long have the players been planning this and are we capable of repelling the assault on our nation and the world economy.
We are not the protectors of the world economy, but if the US fails after the EU what are the consequences.
George Washington warned us against foreign entanglements in Europe. Is the nation so old that no one remembers his statements?
First Greece. Now Spain. Next will be Italy, but by that point there will be no money left to forestall the inevitable, and the Italian economy would have been too big to bail out anyway even if it had been the first domino.
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Waters, liquidity
Read the whole article BTW.
George Washington’s Farewell Address was concerned about the danger of secession. It was written by Alexander Hamilton and was never intended to be a perpetual warning against involvement in Europe. It was directed specifically at involvement in the English-French wars at a time when this nation was too weak to defend itself from the civil war within the nation which would have followed siding with the English.
It was never to be taken as a call for isolationism.
If you believed this to be “planned” you would have to also believe someone knows what they are doing and how to do it. There is no one like that “really” in charge.