Sucker Bets: Cameron Caves In as Predicted

(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

mishtalk.com / Mike “Mish” Shedlock / 20 Feb 2016

Sucker Bets

One of easiest bets in history was that UK prime minister David Cameron would accept any offer he received to stop “Brexit”.

So after marathon negotiations in which German Chancellor Angela Merkel took a Time Out to Eat Belgium Fries, Cameron did the expected cave-in.

On Friday, this is what I said ….

Bad Deal or No Deal

There is no way Cameron can secure a good deal for the UK. Even if he gets a 13-year commitment, what then? And Hollande is bound and determined to make the UK abide by whatever arcane financial rules the EU dreams up.

Perhaps these negotiations fail after all. But don’t count on it. History suggests Cameron will cave in.

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