Debt Rattle June 26 2016
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UK abandons the sinking EU ship because it has to.
City of London banks have £6+ trillion external balance sheet with dicey assets on one side of the ledger. The City cannot finance itself any more much less the rest of the country … and its massive fleet of non-remunerative, fuel guzzling automobiles.
The 31 million cars — the resource equivalent to 630 million additional Britons — have bankrupted both UK and the EU (and USA and China): the Brexit vote is the English voting against their cars.
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