Brexit. Why do Brits want Out of the EU?

The level of threat does not depend on EU membership. The UK will be just as exposed post Brexit as they were before it.

U.S. sales broke the all-time record in 2016: 17.46 million units sold, a .4% increase over 2015’s 17.39 million.

Given the world economy now, I think our country is holding its own.

The increased money supply and lower interest rates have played some role in stimulating higher economic growth and preventing deflation (as measured by core inflation). To some extent, quantitative easing has played a role in diminishing unemployment and providing a small stimulus to a fragile economy. This has been impact in the face of fiscal austerity and zero bound interest rates. Quantitative easing is one of the few policies left to help stimulate economic growth. Therefore, there has been a wider benefit to quantitative easing than just bankers.

Germany now has the perfect excuse to rearm after Brexit and Trump talk...they can do it in a decade and properly. I am not complaining bout it either.
...as for the UK they will be made an example to the other EU members. It will be an hard Brexit no doubts. Lets see about Scotland later. May can bluff all she wants Brexit will be demolishing for the brits...

Paul Gambles – the managing partner of MBMG Group – explains at CNBC, there is an obvious flaw in QE:

BoE’s Quarterly Bulletin … states that a “common misconception is that the central bank determines the quantity of loans and deposits in the economy by controlling the quantity of central bank money — the so-called ‘money multiplier’ approach.”

This “misconception” is obviously shared by the world’s policymakers, including the U.S. Federal Reserve, the Bank of Japan and the People’s Bank of China, not to mention the Bank of England itself, who have persisted with a policy of quantitative easing (QE).

Here’s background on the flaw in the theory of the money multiplier.

Indeed, Ben Bernanke might have had hints about the flaw in the money multiplier theory back in 1988.

Gambles continues:

QE is seen by its adherents, such as former U.S. Federal Reserve Chairman Ben Bernanke, as both the panacea to heal the post-global financial crisis world and also the factor whose absence was the main cause of the Great Depression. This is in line with their view that central banks create currency for commercial banks to then lend on to borrowers and that this stimulates both asset values and also consumption, which then underpin and fuel the various stages of the expected recovery, encouraging banks to create even more money by lending to both businesses and individuals as a virtuous cycle of expansion unfolds.

The theory sounds great.

However it has one tiny flaw. It’s nonsense.

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Professor Hyman Minsky was one of the first to recognize the flaw in those theories. He realized that in practise, in a credit-driven economy, the process is the other way round. The credit which underpins economic activity isn’t created by a supply of large deposits which then enables banks to lend; instead it is the demand for credit by borrowers that creates loans from banks which are then paid to recipients who then deposit them into banks. Loans create deposits, not the other way round.