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.