Brexit vs 1% Utopia

     A presupposition throughout Guruland that Brexit means the Brits will abandon ZIRP/NIRP (zero interest rate policy/negative interest rate policy) and the rest of it, and spark a global return to free market capitalism fails to address the core issue.  Commie policies like ZIRP/NIRP have been adopted by central bankers worldwide to keep failed wild-spending politicians in office.  Are there no failed wild-spending politicians languishing in Great Britain?  Why would pols there want to give up the enormous power grab spawned by pinko bureaucrats that's brought central party members into permanent total control of their hapless electorates?  Are the 1% and their political lapdogs anywhere going to give up constant asset appreciation in a world where everyone else loses economic ground year after year after year?

     We think not, but only time will tell.  Whatever, there are no answers coming from those in a position to know.

     The Post holds to its projection that twenty years from now our leaders will announce that the United States has been transitioned into a communist nation over the previous two decades, starting with the nationalization of the Treasury bond market, and the peaceful revolution is done.  The next day, your dividend payments will stop, and our subscribers will get emails informing us that monthly stipends from the Department of Health and Human Services have begun.