James Turk: The Overlooked Reality of Brexit

James TurkJames Turk, FGMR, Released on 6/3/16

Thursday, June 23rd is the day voters in Great Britain will decide whether their country will leave the European Union, an outcome dubbed “Brexit”. The debate leading up to the vote is becoming fierce, and long simmering disagreements within the Conservative Party to “Leave” or “Remain” in the EU are now boiling over.

Prime Minister David Cameron is leading the Remain campaign. He is receiving verbal support from big business and large banks that have lobbyists encamped in Brussels working on their behalf. Support for the Remain campaign has also come from sources outside the UK including the IMF and Barack Obama.

Various European prime ministers who sound fearful if Britain were to leave their political experiment have now waded in including Angela Merkel, who the Daily Mail reports is “trying to ‘bully’ Britain into staying in the EU by warning we would be punished if voters back Brexit.” The Daily Mail went on to say: “Her comments came hours after similar warnings by the Dutch and Spanish prime ministers in what appeared to be a co-ordinated push by the European elite to head off a Brexit vote.”

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James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. Thereafter he held various advisory roles in money management until founding GoldMoney, which was launched in 2001. He is the co-author of The Collapse of the Dollar and How to Profit from It & The Money Bubble

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