Investor Jim Mellon who CORRECTLY predicted recession says: ‘Staying in EU will drag us into POVERTY’


Jim Mellon, one of the richest men in Britain, has compared the EU to a fire and believes we are set to burn along with our neighbours if we do not vote to leave on June 23.

Comment: Interesting to hear about the France/Italy time bomb and City blossoming thingies. See also the excelent Peter Hitchens “EU = Continuation of Germany” lecture on YouTube.

The investor correctly predicted the last recession in his 2006 book ‘Wake-Up: Survive and Prosper in the Coming Economic Turmoil’.

The businessman has highlighted that youth unemployment is at more than 50 per cent in Greece, 40 per cent in Spain and 25 per cent in France.

He said: “The major export of those countries to us is their unemployed people, especially young ones and that’s a fact.”

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