TBH I don't think it matters one way or the other. We are going to have a global systemic banking failure.Hard brexit could happen, although I think soft brexit is more likely.
This country's real difficulty is that our nominal level of debt has not reduced. Debt continues to be a huge drag on our public finances.
We've paid out 60 billion in interest repayments alone during the past 10 years.
Dead money which could have been put to far better use, were it not for our nominal levels of huge debt.
The low interest rate environment of the past 10 years is unprecedented. If interest rates do increase, even by a small amount, the debt pyre will ignite and then the real pain will ensue.
This is a bit technical and I need to watch it again to be sure I caught everything but basically we are fucked
My takeaway - if Deutsche Bank defaults the whole system crashes, if any other major bank fails anywhere Deutsche Bank fails and the whole system crashes.
The only other option is the Globohomo Transsexual Capital Cabal have a quick switch to a cashless, social credit dystopia in mind where if you're not smashing the Rogans every time Merrion Street tweets something the black helicopters will be buzzing outside your window in no time and sure we're more than half way there as it is