Dismissing those who argue that Britain could negotiate a trade deal with the EU once it had left – note carefully the FUD-inducing avoidance of any reference to negotiating before leaving the EU, which Article 50 provides – Kevin Daly, an economist with the universally admired and respected investment bank Goldman Sachs, is quoted by the Daily Telegraph:
Given the size and importance of the UK economy, it is unlikely that the UK could negotiate the same access to the EU single market that Switzerland and Norway have achieved. In particular, the UK’s ability to conduct business in financial services across the European Union is likely to be severely compromised by a departure from the EU.
And what of the evidence for this assertion? Come on reader, you didn’t actually expect such a facile claim to be supported with any evidence did you? That’s not the way FUD works! But clearly the FUD flood season is upon us.
This is the same Goldman Sachs which encouraged its investors to get their money into gold investments last year as it predicted the value would rise to $1,840 per ounce, then this year, in concert with other investment banks, encouraged its investors to sell out of their ‘paper’ gold positions forcing the price to crash – enabling Goldman and the others to cash in by stocking their own vaults with physical metal on the cheap while their investors were forced to trigger stop losses and pay huge amounts to cover margin calls.
We won’t be taking any lessons from this lot of self interested troughers either.