Thursday, July 20, 2017


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The people of the UK held a referendum to make a decision to stay in the European Union or get out. Last night they voted to get out.

All the pundits were wrong, all the bookies were wrong and all the polls were wrong. Every “professional” journalist or political pundit thought they would stay. This is a truly shocking moment.

Voting to leave the EU mean that the UK can become its own independent country again and they won’t have to pay the taxes to the EU for the goods they make at home anymore.

The biggest worry is about trade. Currently, there are no taxes or tariffs to trade to other EU countries, but hat will change. It will take some time for the UK to pull out of the EU; it won’t happen immediately. Experts say it could take two to four years for the UK to fully “untangle” from the EU.

85% of the people who supported the Brexit also wanted the Prime Minister, David Cameron, to stay on and help with the transition, but he has resigned too. Cameron should have stayed on to offer his country some stability during this monumental move and this very divisive time in history.

The UK is divided heavily and by choosing to leave the EU, the economy is going to be rocked for a little while. The British Pound is down to the numbers it had back in 1985 and the Euro is also down considerably.

Any fall in the value of the Euro or the Pound will cause the dollar to increase in value, so in the very short term it will benefit the US economy. This is also a time to buy some gold if you can.

The main thing that his happening here is that the UK wants to be able to take control of their borders. They don’t want the open border system with Europe and the Syrian refugee crisis is what solidified the win for the “leave” voters.

The citizens of the UK are as concerned about open borders as we are in America and there is no doubt that the conservatives in the UK had a major win last night. Can that happen here in America? Yes.

Donald Trump must be feeling pretty good today about the Brexit. It means that there is a conservative movement happening around the globe that is standing up for nationalism and the right to protect sovereign borders. The shock that Britain woke up to this morning is the same shock that could happen in America on November 5th.

With the UK leaving the European Union, this will be the true beginning of the fall of the EU. Citizens in countries like France, Italy and the Netherland are also pushing for a referendum. The EU could be over by 2022.

The leave makes supporters like Hillary and Obama on the wrong side of the people. They supported David Cameron in thinking that the UK should stay in the EU. Another sign that the nationalism that Trump supports is what is important to the people.

The one thing that the UK is going to have to deal with immediately is that many of the smaller countries in the UK wanted to stay. Scotland and Ireland wanted to stay in the EU, but they were out-voted. The first thing that needs to happen is someone needs to take the reigns in the UK and bring the islands back together. The vote has happened and now they all have to figure out a way to make it work.

The vote last night is the largest geopolitical movement since the end of the cold war. The effects of this vote will resonate all over Europe and the world and we are literally witnessing history.

Congratulations to the United Kingdom for voting for independence.

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When trading started on Wall Street this morning, the Brexit vote was on the top of everyone’s mind. The general consensus was the stocks were going to take a hit, but what happened was historic.

The Dow Jones Industrial Average dropped over 500 points to open the session today.

Yesterday the Dow Jones closed at 18,011.07 and the market opened up and hit a low of 17,472.80–close to a 3% loss in an instant.

The Euro markets are seeing a bigger hit. The British Pound was down 10% at one point and the country is looking at emergency actions they can take to stop the bleeding.

The Euro is also down a significant amount.

Major parts of the global economy were shocked by the UK voting to leave the EU and where we go from here is unknown.

Nobody expected the referendum in the UK to actually vote to leave. Even the leader of the Independence Party who has been pushing against the EU his whole political life, Nigel Farage, gave what sounded like a concession speech when the polls closed.

When the country woke up, he was giving a victory speech. The markets don’t know how to react. Nobody knows how to react.

Scotland is calling for a new referendum to leave the UK and become its own country, and places like France and the Netherlands are thinking of leaving too.

The slide that is happening in our global economy could just be the tip of the iceberg. There is so much division and uncertainty in the world and we are playing out part.

The world is nervous about our elections and in much of the same way, don’t know how to react to a Trump presidency.

With the Brexit, if the economy continues to slide, that will only help Donald Trump. The vote on Brexit was majorly influenced by immigration. That will only help Donald Trump.

The uncertainty in the world will not help our 401Ks and our savings though. Hopefully the markets will calm down and level out soon. Until then, it is a good time to buy gold.


Insane World

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