Bravo Brexit! | David Stockman

In that context, it can be confidently said that the Eurozone and ECB are finished. That's because the monstrously inflated euro-bond market that Draghi created will implode if the front-running speculators lose confidence in the scheme.

At length, it will become evident that Draghi's "whatever it takes" gambit was the single most foolish act in the history of central banking. It assumed that the rule of the financial elite was limitless and endless.

Brexit proves that both assumptions are wrong. Now every nook and cranny of the world's bloated and radically mispriced financial casinos will face the same shock to confidence.