Third Party & Independents Archives

The Brexit Effect

Now that Great Britain has voted to leave the European Union, markets and world power have just gone chaotic.

Officials from around the world are reeling at the vote and there’s no telling how the commodities markets will react. Turmoil erupted almost immediately but only time will tell the true Brexit Effect.

The UK had several reasons for departing the EU, some of obvious equitable concern, and others of social. The EU never really took off as just about every other attempt at global coalitions. Only the UN has survived but has little power or influence. Even as far back as the League of Nations, the precursor to the United Nations, controversy and contentiousness has led to ineffective bodies of cooperation.

The reasons for this are buried in the simplicity of human weakness and group mindsets, the likes of which have boggled the minds of philosophers going back to Aristotle. In today's world, the primary reason was money. The UK felt it could make more money and hold a stronger position in commerce and its security by stepping away from the rest of Europe. Europe has never been able to get its gear together due to conflicts in philosophies, values, tribal conflicts of long ago, and more. The EU was a good idea but the underlying causes of why these countries couldn't get along had never been addressed using sound science and governess.

The fate of the EU is now in question. Will other countries fall suit and bail? Will they form a stronger union without the UK in the way? It will take time and will most assuredly be controversial and volatile.

One such fallout is the resignation of Prime Minister David Cameron. The vote to leave was close with just over 50% agreement. This indicates that there was no overwhelming majority of those wanting to leave the EU was even on the table. This may well mean that if things go south, Great Britain may do a 180 degree turn in the near future and reapply to join the EU, if it still exists at that time. Cameron won't be leaving until October, but his decision has sent reverberations throughout the realm.

In addition, Scottish First Minister Nicola Sturgeon stated that she expects Scotland to stay in the EU and that the Scottish independence referendum would be very likely.

The United States, ever the close companion of GB is eyeing the changes with great concern. The US can't deal with another turmoil with it's most vicious presidential campaign ever in full effect, gun violence, and a public almost ready to engage in civil war. The events then of late do indeed mirror those of pre WWII and the opportunity for some charismatic madman to arise may well be in the offing.

Posted by GregB at June 24, 2016 4:30 PM
Comment #405565

Trump is celebrating the decision by Britain to leave the EU. He thinks they are taking back their country.

Stock markets around the world plunged on the unexpected vote to leave, and while markets around the world will recover, the FTSE will probably not. The pound dropped 10%. That means almost everything will get more expensive almost overnight. The EU corporations headquartered in London will move- they have to- and real estate in London and elsewhere in the country will tank. Lay-offs are coming and so is a recession. All trade deals will have to be renegotiated, and Britain will be negotiating from a position of economic weakness. Both Scotland and Northern Ireland voted not to leave, and they will not want to participate in the British disaster, so they will join the EU and cut themselves off Britain.

It is not partisanship to point these things out. It is hard to overstate just how bad this is going to be for the Brits.

Remember, this is what Trump wants to bring to this country. He thinks it is a good thing. He is praising this outcome.

Posted by: phx8 at June 24, 2016 6:49 PM
Comment #405581

Well I would like to say this is a win for the anti-globalization amongst us but it probably is nothing more than anti immigration. Seem those that voted in favor were the older and rural crowd.

The exciting thing is either way it is the elite and establishment that lost. Hopefully the trend continues in this country come election time. With any luck the Textit crowd will have their issue on the ballot and with good luck it will be on a national ballot and we can vote to throw them out while they walking out the door.

If only we had an anti establishment candidate to vote for, if only.

Posted by: j2t2 at June 25, 2016 1:12 PM
Comment #405587

Donald Trump must be disappointed. 3.5 years ago, he cautioned against dividing up the EU:

My concern is that the negligence of a few will adversely affect the majority. I’ve long been a believer in the “look at the solution, not the problem” theory. In this case, the solution is clear. We will have to leave borders behind and go for global unity when it comes to financial stability.
Posted by: Warren Porter at June 25, 2016 3:10 PM
Comment #405589

I think the Brexit vote was mostly a rejection of Cameron as prime minister, so he resigned to delay implementation, which doesn’t have to happen since the referendum was non-binding. I watched the live feed from Sky News. UKIP thinks it can use the anti-immigrant sentiment to replace the Labour Party as the second party in England. Nigel Farage, the UKIP leader, is a liar who makes up fake statistics for dramatic effect, then says OOPS later. He has been representing England in the European Parliament. 22 of their representatives to that parliament are UKIP, but they only have one elected representative in the Westminster Parliament. So the English have deliberately been voting representatives to the European Parliament who don’t want to be part of Europe, for many years. Now that they’ve had the referendum, 2 million people want another referendum, because they didn’t take it seriously enough this time.

Posted by: ohrealy at June 25, 2016 3:13 PM
Comment #405601

Cameron proved himself an idiot for agreeing to the referendum in the first place. It was an unforced error. He thought that it would fail but served his political purpose of appeasing his ultra conservative base (Tea Party types).

Sound familiar? The Republican Party elite in the US has been courting and flirting with the Tea Party since Obama was elected. Now to their horror, Trump is their presumptive nominee. The alternative would have been Cruz. They did it to themselves.

The BREXIT vote should be a wake up call for US voters.

Posted by: Rich at June 25, 2016 8:46 PM
Comment #405615

Rich…what a revelation that 52% of Brits voting on BREXIT are “ultra-conservatives”. Your analysis is pathetic.

Posted by: Royal Flush at June 26, 2016 3:22 PM
Comment #409823

About this problem, I always think Brexit is not a good idea. It’s true that the choice of people, but it makes me feel like the peace won’t last long in the future.

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Comment #424217

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