If the Brexit comes, Germany should exit from the euro
Last night, the British House of Commons voted by a large majority for a postponement of the EU exit. But postponing is not suspended, and ultimately the British should be happy to have turned their backs on the EU. The structural deficits of the confederation of states are becoming increasingly apparent and can not be remedied. In addition, there is no political will in the southern European countries for urgently needed economic reforms.
The current economic policy debate almost completely overlooks the impact of Brexit on the EU's majorities. Because of him lose the former hard currency countries, which include Britain, Germany, the Nordic countries and the Benelux countries, their previous blocking minority in the Council of Ministers. The result: The southern European members led by France - all net beneficiaries and highly indebted - can rule through undisturbed in the future.
Germany becomes the paymaster
What that means is obvious: Without the protective blocking minority, the EU will develop even more into a transfer union in the future. The problems of Italy are already obvious and represent an immense and ever worsening burden dar. As the economically strongest member of the EU, Germany falls more and more the role of the gold donkey. In order to save himself from this, Germany would have to seek a withdrawal from the euro. Unfortunately, this contradicts the conviction of the political leaders. Thus, local savers are asked for the problems caused by years of mismanagement and state consumption excesses of the southerners to checkout.
Savers should protect themselves now
So what should German savers do to effectively protect themselves from foreseeable and state-imposed compulsory dues? They should invest their capital - in plants outside the EU, for example in Switzerland or Norway. Gold and silver can also be used as security components; in addition, the precious metals are now offering appreciation potential after excessive value decreases. It is exactly this strategy that I pursue with the two funds I manage, Schmitz & Partner Global Offensive and Schmitz & Partner Global Defensive.