Those that have nothing else to do and read this Blog know that I am an expert on just about everything...especially if I have had a martini.
So let's analyze the implications of "Brexit" which is the majority vote of citizens of Great Britain to tell the EU to "stuff it" and Britain will again become a sovereign country. They will control their own borders and immigration, decide upon their own business and trade regulations, and basically make their own decisions based on what is best for their citizens. The vote was a complete surprise since most polls showed the "remain in the EU" vote ahead.
The general consensus by the pundits today is that uncontrolled immigration and failure of immigrants to assimilate and become "British" was the deciding factor. Could this be a trend in Europe? I traveled to Europe 1-2 times a year for 30 years during my career with business in many of the industrialized countries making up of the EU. When the EU was formed I was a skeptic having seen for years how these diverse cultures viewed each other. Germans thought the French were lazy and not industrious; the French thought the Germans were "barbarians"; etc. etc. So put 27 of those diverse countries in the same pot and I always thought it was a mixture that would not work.
Obviously immigration in Europe is a big issue particularly with the Mid-East being a chaotic mess and people fleeing to seek some kind of life. The EU, one of the industrial powerhouses of the west with basically open borders is straining under the pressure of millions of poor, uneducated, and unskilled people flooding their countries and most needing government assistance.
So the future may or may not result in other countries bailing from the EU. Donald Trump predicts they will. Is this guy smart or just lucky to be in the UK when all this came down today in his favor? I doubt it will make any difference in our election, but the timing was great.
So here is my analysis of the Brexit situation: I have no idea what is going to happen, but if the stock market tanks again Monday I am buying in because I still believe nothing can stop the USA productive machine in the long run.
P.S. Readers may note that I have two very intelligent "lurkers" that follow this Blog - John (Nighthawk) and Bob Catalano. They normally respond within minutes to my posts with their opinions so they may be able to further clear up this "Brexit" situation :-)
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4 comments:
I must report that my diligence in responding to Chuck’s blog has been interrupted while I have been attempting to change over from an Apple Mac Pro to an Apple iMac. That has not worked out as originally planned. Perhaps I should have started that project with a martini.
Chuck, your European sojourns in the past were many years ago for business. You may not have noticed the dramatic influx of immigrants from the Islamic countries. With the EU structure, a long-standing problem was addressed that was the need to go through customs and immigration checks at every border crossing. Prior to the formation of the EU, it was difficult and painfully slow to move around Europe. With the wars and instabilities in the Islamic countries, there has been a flood of immigrants. For the most part, those people have not assimilated into the local communities. They live in their own ghetto communities and practice their Sharia Law as dictated by their Islamic clerics. They have four or five children per family while the indigenous families are averaging only about one and a half children per family. The EU was a great plan, but unfortunately it was and still is wide open to massive immigration with zero control over the jihad factions. The UK is getting out of the EU before they are destroyed by the never ending flood of Islamic refugees.
I will restrain myself and not comment on anyone’s large family in view of the fact that there are four offspring in my family.
Trump may be smarter than he is given credit. The Obama/Hillary team are busy with Gay Pride and other LGBT events, while Trump is in the UK where important international events are happening. It is hard to believe that Hillary is so ignorant of the events that really matter, but that was her legacy as the Secretary of State, that of a bumbling incompetent. Let's hear it for Benghazi.
Sorry about the long comment. I try to keep it down to brief statements, but Chuck's main topic in this blog is wide open for meaningful comments.
Comment from Jeff P. one of my readers:
"Now that Britain left the EU with the campaign slogan Brexit. Look for more countries to follow suit with campaigns to break away from the European Union. Keep your eyes on Departugal & Italeave & Outstria & FinishedLand & Bye-lgium. Pretty soon the only countries left in the EU will be Germany and Remainia"
Britain would be leaving EU more than 10 years, I think that situation would be changing, if they see troubles with their economics they will stay "in", you can check over here situation about it!
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