Deja Vu: The UK's Brexit Decision May Trigger A Replay Of The 1931-1932 Global Devaluations

Seeking Alpha

Kevin Wilson
June 28, 2016

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The Brexit Vote is being widely interpreted as both historic and potentially catastrophic in its implications and repercussions. There are many published speculations about how the Brexit could trigger a wave of departures from the EU, starting with potential exit referendums in Italy, Spain, the Netherlands, and France, but possibly including so many countries actually leaving that the EU completely disintegrates over the next two years. Indeed, the media are full of articles about the horrific economic and financial troubles that may be in store for the world in the years ahead, all based on the "disaster" of the Brexit, …

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