In 2016, the Capitalist banking system uses paper bills for its money. While this allows for high growth rates, it can also be quite unstable as evidenced by the day after Brexit. In certain circles, Brexit has been seen as a shot across the bow of the global Capitalist system.
“Was Brexit a Warning?”
The European Union (EU) was slowly developed after World War II to unite the continent. Nations were added one-by-one until 1 January 1999 when they had to surrender their national currency and adopt the Euro, if they wanted to become full members. The United Kingdom did not surrender its Great Britain Pound and thus, the nation was never really a full member.
This point is important to note because the June 23, 2016 English “LEAVE” vote was partially symbolic, because the English had never really been a full member. The United Kingdom wanted to “reduce its established economic and political relationship” with the EU because it saw storm clouds approaching.
Brexit rejected the EU leadership on the following issues: 1. Economic and 2. Political. The British did not think the EU had any answer to non-performing loans or the political will to solve the problem.
“British Tally Sticks”
England has led the world in terms of money creation, finance and banking, especially with its development of the Tally Stick monetary system. This was initiated by English King Henry I and lasted from 1100 to 1854. Due to their experience with money, the English understood the financial dangers of the European Union.
With the EU, there is no real enforcement of government authority. This has led to dramatically high levels of non-performing loans. Some deem the high levels of non-performing loans at rates of more than 44% in Greece as a reason for Brexit.
“Commemorative Brexit Gold Coin”
The Cook Islands have minted a number of very creative coin masterpieces, including celebrities, works of art and now Brexit. You can purchase the Brexit 1/10 ounce gold coin from US Money Reserve. This is bullion grade at .9999 fineness with a diameter of 26 millimeters.
While the forms of money may change, the fundamentals of financial solvency remain intact. The US Money Reserve understands that Brexit was a turning point as the English realized that a return to sound money may be necessary. The gold Brexit coin is sound money and protection against insolvency.