The true impact, on Britain and on Europe, will start to become visible rather quickly. It is absurd to think that anything has to change in respect to trade between the EU and Britain. What this means is really that Britain will not be subservient to Brussels and would be in the same position as the United States. However, our sources are telling us that the EU will try to punish Britain, as they did the Greeks, for having the audacity to reject their superiority. This may become more of a nasty divorce where when a couple moved in together the wife hated his lucky lazy-boy to watch games. In divorce, it will cost him $50,000 in legal fees to get the lazy-boy back that she threatened to throw out many times. NATO is nothing without Britain. Indeed, Europe is incapable of defending itself without Britain and the USA.
The Scottish are threatening to hold their own referendum to separate from the UK and remain in the EU. That too is insanity. Sottish independence is one thing. To remain in the EU is to surrender their independence and become subservient to Brussels. Ireland wants a referendum to unite North and South. That will probably only result in civil war. Britain should step out and let them duke it out.
This post was published at Armstrong Economics on Jun 25, 2016.
Follow on Twitter
Recent Comments