Opinion – Brexit talks to be delayed after hitting a ‘deadlock’ over Britain’s divorce bill – Business Insider

According to this Business Insider article, the EU’s chief negotiator says he will recommend delaying the next phase of talks until the end of the year.

Source: Brexit talks to be delayed after hitting a ‘deadlock’ over Britain’s divorce bill – Business Insider

The UK team got pushed into following a fixed agenda for negotiations (they were weak and unprepared). The EU are playing by the agreed rules and member countries are in no mood to make concessions.

Theresa May and her Brexit ministers have been far from open and honest with both parliament and the UK public, painting a falsely optimistic position.

Basically, May’s government is ready to crash out of the EU, unless the EU makes concessions. This fight will go right to the wire.

Although I voted Remain, if the UK is forced to crash out of the EU, the UK must make demands on the EU, including deferring financial settlements and strategic agreements, like defense. Surely, it’s time for the UK to play hardball?

Thoughts?

Why China Is Cracking Down on Cryptocurrencies and ICOs | PIIE

Here’s an excellent article from the Peterson Institute for International Economics. It reports that China initiated a harsh crackdown on cryptocurrencies in early September, part of a broader toughening against financial risk and increased regulatory vigilance on new financial products.

Source: Why China Is Cracking Down on Cryptocurrencies and ICOs | PIIE

This article shows us that China has learned from America’s political weakness on finance and is ready to intervene decisively. Remember President Clinton‘s repeal of the Glass Steagall Act probably precipitated the 2008 financial crisis. And after the crisis, China boldly intervened with massive state sponsored investment – many Western observers thought China would have a hard landing but it never happened.

Thoughts?