Dr. Pippa Malmgren – Brexit

Published on
June 28th, 2016
19 minutes

Dr. Pippa Malmgren – Brexit

The Interview ·
Featuring Dr. Pippa Malmgren

Published on: June 28th, 2016 • Duration: 19 minutes

Dr. Pippa Malmgren, Former Presidential Advisor, Author Signals, and Founder DRPM & H Robotics, compares the original promise of the EU to what has been realised by 2016. Pippa explains how Brexit is a consequence of economic inequality, and why as an outcome, the ECB will have to address its debt burden and regulatory construct.


  • ME
    Mark E.
    6 March 2019 @ 18:16
    Excellent! A shame that this video isn’t aired on prime time TV here in the UK. Nothing more to say!
  • DO
    David O.
    10 May 2017 @ 18:00
    Pippa, you are so on it. Small Government smaller Banks. Bring back Glass Steagal ASAP
  • MA
    Mark A.
    10 November 2016 @ 15:14
    Interesting and largely accepted, particularly on brief creep and top down on size fits all. That said I can't see that conflating the EU with income inequality between people and businesses is supportable. Sure the system isn't delivering for people but taxation, wages and wealth redistribution are in the hands of national government - If anything a collegiate body lessens transfer pricing type opportunities. My guess is that the EU in its existing form is over and that for the 6-8 years post each country peeling off we will see a swing to policies which don't address the fundamental issue which is the left behind working and lower middle classes. A reform would have been much more potent in fixing that big hairy social issue than where we are likely headed now. A missed opportunity by the politicians.
  • NS
    Niels S.
    16 July 2016 @ 19:36
    I think that the basic tought is sound on the popilistic aspect. However, the question of what is better for Britain, might not be better for the people of Britain. It assumes that the people prefer higher inflation and lower living standards, because higher inflation is something "good for the country". We should also not forget that Europe is not similar to Britain on the squeeze on the middle classes. From interview on realvision tv we know that middle class in France has actully increased. As such I find the view of a European breakup not so convincing. In addition, contrary to her statement on referenda not being able to be ignored, there are plenty of examples in Europe where this is the case. Lastly, let's not forget it was 37% who voted for out, with a lot based on faulty information. So there are plenty of legal/rational arguments to be made why the question could be revisited. All in all it is good to hear her views. I tend to disagree with a lot of it (such as the things above), but that makes for interesting discussions.
  • JC
    John C.
    16 July 2016 @ 15:46
    Good to hear the comments
  • DS
    David S.
    15 July 2016 @ 14:03
    As a UK leave voter, It is refreshing to hear someone with an unbiased view of the opportunities that lie ahead. Thank you!
  • sc
    singyee c.
    11 July 2016 @ 01:37
    The rise of Donald Trump in the US is no doubt an expression of the same forces that drove the UK to Brexit. The view right now is that Clinton is the overwhelming favorite to win the presidency. I wonder if Malmangram has a view on this?
  • JK
    Joerg K.
    10 July 2016 @ 04:15
    Thanks a lot, That is an amazing view on the recent events, which in the media are painted far too black and white, especially black. I share your optimism that this is an opportunity to make things better in Europe. Brussels is in so many ways following the wrong path!!!!
  • AP
    Alfonso P.
    6 July 2016 @ 14:03
    Sometimes we forget how countries have dealt with crisis, your comments on the S& L episode, and the way other countries have solved their own similar problems are just perfect to expand views on the possible solutions. Excelent presentation.
  • AF
    Andrew F.
    5 July 2016 @ 18:16
    Thanks for the insight. I totally agree with what you said. My outlook is that the UK is setting itself up to not only be independent again, but to lead Europe into the future. That being said, I see opportunities galore.
  • JN
    Jacques N.
    4 July 2016 @ 19:39
    Smart Woman. Thanks for sharing your ideas.
  • DS
    DAVID S.
    4 July 2016 @ 12:53
    Great analysis thanks Pippa! I agree with most of what you say but 1 thing. Yes, populism is quite universal and failing social contract triggers the deepest and most standard behaviour. However, European countries are all different and the UK is quite singular. I think that in average, the Europeans are happy that the UK voted to exit, I think this will be re enforcing a positive European sentiment, I think this sentiment is likely to federate the whole of Europe and is a catalyst for finally great changes that will give Europe the chance to get its project into the path of success.. The USA didn't become the 1st power in the world in 20 years. Europe is not an exception. Time will tell.
  • ls
    lawrence s.
    3 July 2016 @ 19:30
    A great high five. I was a student of a manufacturing theory in my pat life called theory of constraints. It had a philosophy that said if you could not solve a problem at the local level move up to a higher system . As Pippa has so aptly stated (I think) economic systems are supportive or destructive of social systems. Thus in 2008 and 2009 I voted for Obama as my concern was that the inequality being created would destroy free markets by creating to much centralized power. As luck would have it he seemed to have been overcome by the liberals and was not able to move far enough in the other direction or maybe he never intended too, as always how do one know. Recent events may present the opportunity, as Pippa says, to bring about the changes required by altering the social narrative. It will be scary and exiting. It makes me hopeful we need productive people and countries.
  • JG
    Joseph G.
    3 July 2016 @ 18:20
    Interesting comments. My primary concern is that populism can easily degenerate into scapegoating. The people want the problems fixed, but the fix will involve a great deal of pain which the people are not necessarily ready to suffer.
  • JY
    Jason Y.
    3 July 2016 @ 01:48
    Thanks Pippa, very well said. If only the establishment set their desire for absolute control aside to realize the solutions are not so polar in their outcome. The people are merely looking to be lead by leaders with accountability that have the electorates interests coming first. There is enough room for big business and global consumerism to survive in balanced society where people would be even happy to continue to allow the banks the far reaching control they have. It's about balance or more so the extreme lack of it.
  • db
    don b.
    2 July 2016 @ 21:20
  • SJ
    Stephen J.
    2 July 2016 @ 19:58
    The most important point, normal, hard working and productive people are sick of the "Elites" and how they completely waste our money, destroy the economy and are totally out of touch. They certainly have oversized ego's - intelligence not so much.
  • KB
    Kreso B.
    2 July 2016 @ 15:07
    Blah blah blah.....
  • PM
    Philip M.
    2 July 2016 @ 12:23
    Interesting....as a voter for Brexit I am deemed stupid, racist and old. I agree this was very much a.vote against the establishment. I think the UK has a stronger hand economically too versus the Europeans but I suspect that many who still hold power who were against Brexit will do everything they can too 'prove' they were right, by implementing even looser monetary policies. When we eventually get a recession it's going to be a bad one! Phil X
  • PM
    Peter M.
    2 July 2016 @ 06:55
    Bravo Dr. Pippa. Finally someone inside who has admitted they looked out the window and did not see a reflection!. In addition to the convenient currency devaluation that many countries would give their gold reserves to achieve the UK can stand on its rule of law as the historical reason it has for centuries been the centre of the European financial world. I don't think the threats of major layoffs and moving head offices will come about any more than Scotland will suddenly increase its trade with the EU at the expense of Britain. Dr. Pippa for Fed Reserve Chair.
  • WM
    William M.
    2 July 2016 @ 04:33
    too bad the British can't have Pippa as their new prime minister....Pippa for president (or even vice Pres.).... well presented Pippa!
  • rt
    richard t.
    1 July 2016 @ 20:08
    Not sure anybody can say what the consequences are of Brexit 3 days following. All opinion, no data to back it up! When I hear the word "elites" I think "cry baby can't have what s/he wants". Where did you go to school..? She seems stuck on this idea that what came before is how things are going to be moving forward. The free market (in its current form) seems to have run its course (too many shocks to the system, too much competition). Hard turn to the Left, Pippa!
  • AE
    Alex E.
    1 July 2016 @ 11:46
    Very much agree with the good Doctor! This is only the beginning of the end for top down government. Resistance is futile. The people will be heard whether the elites like it or not. I say good on the British people for giving the elites a polite one-fingered salute!
  • MB
    Mike B.
    1 July 2016 @ 10:41
    Pip's, Nice Job!
  • BJ
    Bryan J.
    1 July 2016 @ 01:05
    Wunderbar - Vielen Danke! So agree with all that was said about the "elitists" but not so optimistic about your ending. I live in EU as an American Expat so this is all very real to me including and especially the Euro-dollar exchange! Most know the saying it's location, location, location. Well in the EU the saying is it's bureaucracy, bureaucracy, bureaucracy.
  • JS
    Jon S.
    1 July 2016 @ 00:54
    Dr Pippa for president! Clear, concise and sensible views of Brexit. Realvision, thanks again for the fabulous content.
  • JC
    Justin C.
    30 June 2016 @ 22:09
    At last, some sense on the subject. I have never felt more positive at any time in the last 40 years about the future of the UK. I agree with practically everything this speaker has to say.
  • BV
    Bryan V.
    30 June 2016 @ 22:01
    Always enjoy listening to Dr. Malmgren, but having first hand experience with the RTC (both in accountant liability cases and southwest plan acquisitions), I don't think its a very good model for the disposition of assets and the charge off of debt. I witnessed assets sold back to the very same people that caused the crisis at "cents on the $".
  • DM
    Dennis M.
    30 June 2016 @ 20:55
    Real Vision introduced me to Dr. Malmgren; therefore, RV is outstanding and way more worth the price of admission.
  • BB
    Bojo B.
    30 June 2016 @ 20:02
    Excellent, and balanced analysis, very refreshing. I work for EU as a freelance interpreter, but otherwise follow non-mainstream media, so much hyperbole on both sides, like being in a Church or sth. Hopefully, the EU will come to its senses, but I have a feeling they will go towards ''more Europe'', straight into the merger of private/public, if not before disrupted by a revolution, unleashed by the coming crisis.
  • bs
    bernard s.
    30 June 2016 @ 19:17
    this is excellent of course. however Pippa may i ask, what is your view on immigration and the potential for London losing its edge on financial services? it strikes me that either the UK has to choose between no free movement of people or being able have London being a financial centre? Many thanks in advance!!!
  • CM
    Catherine M.
    30 June 2016 @ 17:35
    Absolutly brilliant presentation Pippa! The best yet among many excellent talks I have seen you give. Defnintely the most succinct but insightful big picture analyses of the Brexit situation that I have come across so far. Please keep it coming!
  • tj
    terry j.
    30 June 2016 @ 16:35
    Pippa for President in 2016!!
  • wP
    william P.
    30 June 2016 @ 15:09
    Pippa, as always, a favourite. Her view of economics is always down to earth but her knowledge of politics gives her extra insight. My abiding concern regardless of the outcomes is that the EU is so dysfunctional that if Russia were to invade Ukraine they would be faced with 27 angry diplomats. Russia will decide what to do based on its view of the US position. The answer is surely a more revitalised NATO to which all members must make substantial commitments?
  • NT
    Norman T.
    30 June 2016 @ 14:36
    Resonates with David Hunter views on rolling back profit share for the sake of a future for capitalism
  • MK
    Mark K.
    30 June 2016 @ 14:12
    Agree with your view Pippa - the state is too entwined in the affairs of men and Brexit was the first shot across the bough to say enough!
  • gb
    gabriel b.
    30 June 2016 @ 06:50
    A great treat as always to get to listen to Pippa deconstruct what is going on. Her ability to understand and relate to perspectives of people who have very different backgrounds is impressive. I want to show this video to all my friends (American here) who simply absorb media narratives and don't put organic thought into the endgame of unrestricted globalization and the kinds of social unrest it is likely to produce.
  • FV
    Fredrik V.
    30 June 2016 @ 06:13
    Pippa, spot-on! When the public have voted it will be risky to do anything else than follow the verdict, and even more importantly, understand the signal value on the continent. This vote represents likely 52% of all europeans and if there is to be a future in EU, this signal needs to be decoded and adressed. As Junker said yesterday the reform pace needs to be speeded to adress issues...implementation vs innovation... My fear is that the reforms lined up are not made to adress the issues so there will be a need for speedy innovation, which I have never seen, from EU when it comes to limit their power... Debt jubilee, inflation and redistribution of resources is enevitable, the question is: trigger, schedule and form.
  • BA
    Bob A.
    30 June 2016 @ 05:55
    Excellent as always. I had the privilege of both hearing your talk at SIC 2016 as well as speaking with you at a break. I told John you were the #1 speaker he needed to have back in future years. I think the answer to whether this has a chance of ending in an orderly and well thought out manner may well be whether Merkel and company abandon their normal "my way or the highway approach". EU leadership has to be willing to pre-negotiate abit before any Article 50 declarations and if EU leadership decides to double down and dig in, then politics of the entire EU will likely overrun them, but of course it will take an even larger crisis before movement occurs. I'd like to see you do an update in 2-3 months. Thanks, and if you want to run for President you have my vote, my endorsement and I'd be happy to give you a campaign contribution. :-)
  • DC
    Dan C.
    30 June 2016 @ 05:49
    Fantastic piece. This just highlights how poor the mass media coverage of this event has been. As a Brit & someone who has worked in finance for the last 20yrs, I never expected Brexit to be easy and fully expected my net worth to go down but I still think in this case the hard decision will prove to be the right one. The system as it stands now is rigged to benefit the few and that can only end in disaster.
  • RO
    Robert O.
    30 June 2016 @ 05:34
    The UK is definitely not Greece. It has an important military which provides security for itself and the rest of Europe. It contributes 10 Billion (pounds or Euros?) per year to the EU and gets a headache in return. When can they stop paying this? The UK potentially provides an island trading center for China into Europe. I believe it would be in the UK's best interest to try to separate from the EU as soon as possible. Once the UK has begun to recover and show its potential as an independent regional power, it may find the EU more receptive to a trade and security agreement that would benefit both sides.
  • NM
    Nick M.
    30 June 2016 @ 05:27
    Excellent analysis Pippa, succinct macro brilliance.
  • DH
    Dale H.
    30 June 2016 @ 03:44
    Very Good Pippa. I'm going to write and essay on 'experts' so I will come back to your talk again. Like you, I thought there would be a higher vote for leave than stay. The polling methodology was low quality for one thing . I started a university education at 31 years of age and I am glad I did. The life lessons before that never left me. I don't believe that the experts are necessarily graduates and people who have risen in society - one way or another. It is too easy to say the ones who 'did not know enough' voted leave. In addition to those ideas bandied about, there seems to be an assumption that educated people agree with the powers that be: My brother a graduate from Oxford, ex diplomat and merchant banker, living in London told me he was willing to "lose 100,000+ on his house to vote leave. I am displeased that there has be so much talk of the stupid people blah blah who don't know what they are doing and also - scarily - there is talk of how "they" should not be allowed to vote on important things in the future. As well, I haven't read any ideas about the goodness of life experience and of self education many people develop. My mother, father and daughter cannot be taken on too easily in intellectual debate. None have degrees. They know history, how to succeed in business and the psychology of people amongst other things. Sorry about the rant.
  • ml
    michael l.
    30 June 2016 @ 02:42
    Agree with the view that Brexit will ultimately be good for the UK and that the EU's issues will only continue to grow. Regarding a RTC idea for the EU, it's interesting, but I am struggling to think of how it works given the current bond prices - these assets aren't distressed-price, but are actually priced for something beyond perfection. So, who would step in to buy?
  • JB
    J. B.
    30 June 2016 @ 00:51
    Pippa for President!!
  • JB
    J. B.
    30 June 2016 @ 00:51
    Pappa for President!!!
  • TS
    Thomas S.
    29 June 2016 @ 23:55
    Correct, correct, and more correct! The best thing about Brexit is there is a chance to deal realistically with Euro debt which will never allow growth. Now we need a crisis for U.S., Japan and China. Steve Jobs never had a college degree and Bill Gates is a Harvard dropout. The EU has become worse than the Politburo. BTW thumbs down by Paul Krugman, Janet Yellen, Ben Bernanke, Larry Summers, Tim Geithner, Henry Paulson, and Steve Leisman
  • MA
    Melanie A.
    29 June 2016 @ 23:36
    Pippa is awesome. Clear, concise, original and always on the mark. I just hope the media (in bed with the establishment IMHO) doesn't continue to frighten the public about the so-called terrible mistake and the Leave voters not understanding the consequences. Or they muster up some loophole or reason for a re-vote or to somehow make it null and void. The world is changing and hopefully the people are starting to own their power and demand some of those profits and rights back (even if it may be a bumpy ride through the uncertainty).
  • JR
    Jeffrey R.
    29 June 2016 @ 23:08
    I am optimistic about the future, and for the UK. Self determination is a very important issue for a nation. The overreach of the EU carries much blame here for the result of the vote. I agree with Dr. Malmgren that people are upset with the status quo, and that the winds of change are on the horizon. I believe that change will make the world a greater place in time. The current establishment has had their time and have not shown the results. It is time for something new, something better.
  • JH
    Jamie H.
    29 June 2016 @ 22:54
    I'd like to be optimistic, but alas the UK government isn't known for managing any form of crisis management or large transition all that well. And the lack of plan A, never mind plan B by the Leave posse, isn't confidence inspiring. Great analysis, but would like to have seen some more detail on the potential Scotland independence. JP have now stated that it's inevitable, so would be good to get a feel for what that could entail.
  • PR
    Peter R.
    29 June 2016 @ 22:37
    I appreciate your optimism over life after Brexit, unfortunately the Leave campaign supported by we laughingly call news papers sold the promise of a halt to immigration, billions more for the NHS and the abolition of swathes of regulation. Followed by a sunny upland of wealth and prosperity. After achieving their goal of an out vote it appears they have no clue as to how to deliver of these expectations. I am not sure how your joe sixpack will respond when he realises he has been duped. I do agree that EU model of governance has to change or it will implode. But there are some pretty ugly players out there who are ready to take advantage of the chaos. Needless to say I have a hard time sharing your optimism, and I would love to be wrong.
  • S
    Sean .
    29 June 2016 @ 21:51
    As usual Pippa is spot on and sees the signs that others ignore. I voted Leave and believe that the EU is in the last chance saloon as the "leadership" does whatever it takes to ignore reality. It will be short term painful but long term beneficial. We are in the fourth turning (highly recommend that book!)
  • WS
    William S.
    29 June 2016 @ 21:49
    First of all, I have to say that this interview boldly underscores the simple fact that the quality of the content on RealVisionTV is, in my estimation, without parallel in the alternative financial media space. And Pippa Malmgren is one of the bona fide rockstars in this arena. (My wife bemusingly tolerates the “animal spirits” I manifest when watching Pippa interviews – an indulgence I greatly appreciate. lol!) Anyway … this is another in a long string of Pippa’s elegantly articulate (and yet broadly accessible) elucidations on the times in which we live. That said, and notwithstanding how much I truly do appreciate her optimism regarding the future (and hope she is right!), I must say that I cannot foresee, at this juncture, any sanguine possibility of a happy ending for the European Union. To the contrary, I foresee a currency collapse, pervasive social unrest, and very likely civil and/or regional war as the baseline scenario, with global war as a distinct, albeit less likely (I hope and pray), concluding chapter to this futile multi-decade undertaking to unite the disparate countries/regions of Europe under a single head. I am afraid the Old Testament prophet Daniel’s interpretation of Nebuchadnezzar’s “great image” dream will find fulfillment in future developments: “And whereas thou sawest the feet and toes, part of potters’ clay, and part of iron, the kingdom shall be divided; but there shall be in it of the strength of the iron, forasmuch as thou sawest the iron mixed with miry clay. And as the toes of the feet were part of iron, and part of clay, so the kingdom shall be partly strong, and partly broken. And whereas thou sawest iron mixed with miry clay, they shall mingle themselves with the seed of men: but they shall not cleave one to another, even as iron is not mixed with clay.” (Daniel 2:41-43, King James Version)
  • CN
    Charles N.
    29 June 2016 @ 21:07
    I voted out with a very heavy heart. I can't boast of being articulate enough to fully communicate the issues with Europe that I perceived. I knew I was voting for chaos as the status quo only brings a greater reckoning later on. The number of variables at work makes me nervous. Thank you Pippa for articulating the issue so succinctly.
  • DS
    David S.
    29 June 2016 @ 20:46
    The elites in Brussels must yell and scream, but it is the businesses of Europe and Great Britain that will call the shots on a trade agreements. It is important to note the Chancellor Merkel has already set a positive tone.
  • SB
    Stewart B.
    29 June 2016 @ 20:38
    Great to hear some positive perspective and vision forward. I do wonder however if taking the debt away is really going to be able to fix the structural problems? Sadly, I suspect some type of turmoil is required to change expectations before the EU can sort out it's problems. For a start, risky borrowers (eg peripheral sovereigns) should be forced to borrow at rates which reflect their credit risk. Hope to see more.
  • JF
    Jonathan F.
    29 June 2016 @ 20:27
    Pippa, this is really helpful. That John Oliver and everyone with a FB account is appalled at Brexit is a contrarian indicator. That 51% of the people voted against the establishment position is a strong signal too... think of how many vote how the establishment tells them to vote, without even realizing it.
  • KS
    Kathleen S.
    29 June 2016 @ 20:25
    I think the UK leaving was a good thing and the right thing to do in the long run, however; I think that the elites (who are meeting in Brussels) are not going to make it easy for them (just like they wouldn't let Greece off the hook - I know different circumstances but same precedent) - I hope the people of Great Britain understand that things could get a whole lot worse in the short term before they get better and that they are prepared for what a whole lot worse means.
  • OD
    Oleg D.
    29 June 2016 @ 20:11
    Thank you Pippa for the dose of rational optimism. A refreshing dress down of elitist approach by a member of the elite! The Brexit "signal" is the natural democratic feedback and if the feedback is ignored the alternative is a painful revolution further down the road. Proud to be a Bankers Trust alumni like Dr Malmgren.
  • BR
    Barbora R.
    29 June 2016 @ 19:31
    So obvious yet hidden and made unknown. People won't know the truth unless it's already post factum. Thanks to RV we get the truth prie factum. Thank you for sharing sister. Regards from Lithuania.
  • dm
    david m.
    29 June 2016 @ 19:27
    Realvision ,would it be possible to post Pipa,s excellent interview onto You-tube so the British public can get to hear this excellent interview and give the 17.2myn who voted leave more confidence and understanding to argue their cause ,especially to the youth , as the BBC continue to vilify them and are clearly trying to push for a 2nd Referendum .
  • RA
    Robert A.
    29 June 2016 @ 19:17
    Back in Pippa's Parlour on INDEPENDENCE day for a badly needed refresher course on the Volition of Mankind and Womankind. Just a splendid agains the grain presentation. Thanks to R & G and RV!
  • WH
    Wayne H.
    29 June 2016 @ 19:14
    Pippa was excellent as always.
  • JV
    JP V.
    29 June 2016 @ 18:29
    As amazing as your interview with Dr Fox. Sadly Sec of State Kerry is starting to get involved and declaring that the UK might NEVER leave the EU. Another demonstration of the so called "elites" that dosn't give a damn about what Joe sixpack thinks and feels and never has been in his situation. You are so right that this sorry state of affairs can't go on much longer before we get civil unrest (not just strikes) in the EU.
  • MF
    Mohammad F.
    29 June 2016 @ 18:24
    So difficult to find someone who can capture the essence of politics and economics better than Pipa. Thank you!
  • VP
    Vincent P.
    29 June 2016 @ 17:09
    One big question I have is the "market" a part of the establishment? It's dependence on Central Banks is clear so IMHO, it makes it the establishment too. Could this mean a complete market reset would be necessary to fully deploy an impactful Resolution Trust?
  • FZ
    Faraz Z.
    29 June 2016 @ 17:08
    I agree with a lot of what she says but not the conclusions. There is no way the EU is unwound or even moderately restructured without a very serious banking crisis. How can possibly think that all these multiple potential referendums will not be accompanied by bank runs. Britain will be fine in the long run but needs serious structural change as well - you can not eat "rule of law". A banking crisis in Europe will obviously have a serious impact on Britain.
  • CL
    Charles L.
    29 June 2016 @ 17:05
    Great analysis of the options now on the table! Only over the initial hypothesis - Brexit as an expression of anti-establishment sentiments (all over the world) - I have much concern. As the Economist's “Brexit” poll-tracker consistently showed: some 2/3 of the young (18-24yr) wanted to stay, whereas well above 50% of the old (>60yr) wanted to leave! (www.economist.com/blogs/graphicdetail/2016/06/britain-s-eu-referendum) Are we to understand that the rebellious retirees finally managed to uphold a victory over the ruling youngsters? Some piece in the puzzle is still missing...
  • DS
    David S.
    29 June 2016 @ 16:49
    I am an optimist too, but there will be a lot of pain before the dust settles. The middle income families in the West know that the rich are getting richer and they are getting poorer. Immigrants and refuges all over the world are fleeing much worse conditions in their homelands. The big/small government and the big/small business models simply will not help to solve the problem in this self-centered, can I get away with it world. The only reason that big US banks are in better shape than European Banks is the US government forced US banks to radically increase capital. It was not the bankers idea! Citizens need to think of the community and hold their governments accountable, not for personal gain, but for the common good. Measure government and personal results by the cardinal virtues - Justice, Temperance, Courage and Practical Reason. Governments should not just transfer wealth, but promote individual industry and pride of accomplishment.
  • TH
    Timo H.
    29 June 2016 @ 16:45
    Nothing is more powerful than an idea whose time has come. (Victor Hugo) Pippa explained the new idea very well. Change and innovation that arises from the change are eventually good things. For some reason, politicians by default hate real change.
  • PM
    Pippa M. | Contributor
    29 June 2016 @ 15:50
    I explain all this is Signals on Amazon.co.uk. If you want the US version register on www.ReadPippa.com. This is the book The Fed does NOT want you to read. I had help from Tom Hoenig and other hawks bc I tell the story they wanted told but which Yellen and Bernanke didn't!
  • PM
    Pippa M. | Contributor
    29 June 2016 @ 15:35
    Europe now has to choose between saving the currency or saving the citizens. It's pretty simple. If the currency goes, I'm a buyer of Europe!! I'll then worry a lot about China - competitive devals aren't good for them. Come chat to me on @DrPippaM or here. Thanks RealVision!!
  • DM
    Dom M.
    29 June 2016 @ 15:29
    It looks like the only way out of this mess for the Europeans is Mr.Draghi combining all of their debt on the ECB balance sheet,which will cause inflation.It is too difficult for member states to leave the Eurozone without violence.It will be interesting to see the Germans reaction.
  • cg
    christian g.
    29 June 2016 @ 15:08
    Refreshing to see such a "positive" view..Brexit is an opportunity more than anything else; opportunity to a less centralized European construction, opportunity to restructure the debt, opportunity for a an European fiscal policy, opportunity for UK...Thanks Pippa! Maybe instead of advising pension and hedge funds, you should advise European politician
  • LP
    Lawrence P.
    29 June 2016 @ 15:05
    Great commentary, Pippa! Clear, concise and open-minded.
  • LA
    Linda A.
    29 June 2016 @ 15:02
    Hi Pippa, I always enjoy your commentary! I applaud the UK as the EU did not keep their promise of creating a better economy for all member countries. Don't hate me but I love Nigel Farage. He is bold & fearless although a bit harsh regarding his comments of MEP's never having worked a job in their lives. The purpose of the govt. is to serve the people instead they created a fake economy, further widening the wealth gap. Amazing how much debt there is considering 0 and neg. interest rates.
  • IJ
    Ian J.
    29 June 2016 @ 14:19
    Pippa for President 2020
  • SS
    Sam S.
    29 June 2016 @ 14:04
    Like I said in other RV TV videos, the EU is nothing more than a monster HOA in which countries pay fee, willfully give up their rights and live up to tons of regulation, all while each country speaking a different language. Here in Scottsdale, AZ, I lived in an HOA subdivision and we abolished the HOA----Result: People came together and the subdivision got better and better. Our costs went down and our home values went up. The whole EU structure must fall, all the pork payments for nothing be shutoff, so Europe and other nations can get back to true productive growth. Pippa for President!
  • TA
    Tommaso A.
    29 June 2016 @ 13:35
    what a great display of democracy from the english people!! love your contribution Pippa!
  • GT
    Graham T.
    29 June 2016 @ 12:55
    Pippa, could I recommend the Youtube clip "Yes Minister-Why Britain joined the European Union" what a laugh. As I posted on FB - Objective achieved. Grant and I voted the same way, I think we can prosper. Don't deny it may be volatile but does that matter?