Alan Greenspan says British break from EU ‘is just the tip of the iceberg’

 

Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that’s even worse than the darkest days of October 1987.

Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp.

“This is the worst period, I recall since I’ve been in public service,” Greenspan said on “Squawk on the Street.” Continue reading

Britain’s Trident nuclear program at stake in Scottish independence vote

It’s important to note that Scotland, although part of the UK, is more EU friendly than it is British friendly. The EU wants NATO out and to isolate Great Britain as well. It wouldn’t be surprising if Scotland and the EU were working hand-in-hand behind the scenes.

 

For decades, Britain’s contribution to the threat of global Armageddon has found a home on the tranquil shores of Gare Loch, where soaring green mountains plunge into murky gray waters plied by sporty kayakers, weekend yachtsmen — and nuclear-armed submarines.

The subs slip past this garrison town as quietly as sea monsters. Their dark hulls breach the water’s surface on their way from base out to the deepest oceans, where British naval crews spend months poised to unleash the doomsday payload.

But if Scotland votes “yes” in an independence referendum next month, the submarines could ­become nuclear-armed nomads, without a port to call home. Washington’s closest and most important ally could, in turn, be left without the ultimate deterrent, even as Europe’s borders are being rattled anew by a resurgent Russia. Continue reading