Ron Paul: Only The Global Elite Will Truly Suffer The Effects Of Brexit

The historic UK vote to leave the European Union (EU) has shaken the continent, leading many to believe that Britain’s decision marks the beginning of the end of the EU. While many are cowering in fear at this uncertain prediction, others view it as an unprecedented opportunity to free a continent from the global elite.

After the world witnessed the devastating crimes against humanity demonstrated during WWII, a united Europe was seen as a preventative measure for extreme nationalism. Therefore, it is hardly surprising that the EU has absorbed many independent nations since its establishment.

Originally consisting of just six founding countries  – Belgium, France, Germany, Italy, Luxembourg and the Netherlands – the EU has since grown to include a total of 28 member states, with Croatia being the last to join in 2013.

However, despite the EU’s growing power and influence, the British people decided that they had had enough of the unelected global elite enriching themselves through special trade agreements ostensibly designed to bolster the economy, when in reality they merely grant special treatment to those close to the top.

As reported by Matt Agorist for the Free Thought Project, the dependence of the elite on the EU was exposed when George Soros “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.”

In comparison, Ron Paul claims that the banking elite will be the ones who will truly suffer from Britain’s exit from the EU.
“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.
On the day of the EU referendum result, Britain’s largest banks were forced to stand by and watch the double-digit losses on the stock markets. Barclays dropped by 23.08% to $8.60, HSBC shares dropped 7.35% to $31.25, Royal Bank of Scotland fell 19.63% 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.

In addition, the big investment banks were also affected by the vote, with Goldman Sachs shares down 5.26%, and Morgan Stanley shares dropping 8.57% to $24.94.

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