Project Fear versus Project Freedom.

Yes it's the BREXIT debate which fortunately, only has just over a month to go now, as there has been so much rubbish talked about it so far in a very low quality debate  which mostly seems designed to scare people into voting one way or the other.

What with David Cameron talking about the threat of war if we leave, Boris comparing the EU leaders to Hitler, George Osborne making incredibly precise forecasts about house prices going down by 18% if we leave, plus some how reckoning that inflation will go up, employment go down, interest rates will go up before a plague of locust descends on all our crops and we won't be allowed to import any food from Europe (OK I made that last bit up).
Meanwhile somewhat outrageously the governor of the supposedly independent Bank of England also weighed in with apocalyptic warnings about the dangers of Brexit.

I have to confess that I have always been a Euro-sceptic ever since the Maastricht treaty days
as I saw it as a grand European scheme to create a European super state with the ultimate aim of a political union which would be the only way the single currency could work. Unfortunately they decided to put the Euro in place and use that as a Trojan horse to achieve their political union ambitions down the line. Thus I was mightily relieved when we did not join the Euro as it is clear that one size cannot possibly fit all in terms of the currency and interest rates, without fiscal transfer, which is what we have ended up seeing in Greece in a roundabout and painful fashion. I also dislike the fact that even when electorates (Denmark and Ireland I seem to remember)  voted down various treaty changes along the way, they were then just told to vote again until the EU got the answer they wanted so they could carry on with their grand scheme. Meanwhile more recently the Greek rejection of the EU bail out terms lasted about two weeks before the government was replaced, so much for democracy in the birth place of democracy!

Thus I find myself somewhat conflicted as I am for freedom actually, even though this may well lead to my investments being crucified in the short term, if Brexit should come about, although I'm sure we could prosper just as well, if not better outside of the EU (see the example of Switzerland in Brexit the movie, now that' s what I call a democracy). However,  according to the polls, Brexit seems unlikely at the moment. Thus I suspect any volatility and weakness ahead of the vote, could be a good opportunity if ultimately the vote goes the way of the remain / project fear. Having said that though as ever the market continues to climb a wall of worry what with  plenty to worry about from a global slow down, China crisis, US rate rises, Central Banks out of ideas etc. etc.

Any way in case you missed it there was a good balanced documentary on the BBC (as you would expect)  the other day called - Jeremy Paxman in Brussels - Who really rules us? While in my biased way I would recommend the following film to you - enjoy and don't forget to vote for freedom / leave on June 23rd, but given the EU's track record I do wonder, even if we did vote leave, would we actually be allowed to, or would the EU come up with some excuses or new proposals so we don't, as they have done with previous referendum results.