Friday, June 24, 2016

How Britain got it's groove back.

        Right now the markets are reacting to Britain's leaving the EU (European Union) in a very predictable way.  Markets hate instability, and England leaving not only creates it's own instability, it could act as a bellwether for other countries departing.  I would keep my eyes on France and possibly Germany.

        Scotland too is planning a vote to secede from the UK, (Britain) in order to rejoin the  European Union.  If you are voting for independence, just to join another super national group who will rule over you; clearly you don't understand what the word means.  But I digress...  This action would cause further instability.  Ireland and Northern Ireland are already talking re-unification.

        But I see a quick end to this nonsense.  The markets, and the fat cats who run them will quickly realize that a Britain not encumbered by the, mostly insolvent, countries of the EU is a more stable, more prosperous country.  Most likely the major players already see this and are buying British stocks and Pounds so they can enjoy the huge surge to come.

        The downturn will be driven by panicky investors who fear any change, while the older, smarter investors are laughing and preparing to become even wealthier.  It's what they've been doing for generations, after all; waiting for panicky people to panic, and taking advantage of the low buy in now, and high sell off later.

        This is the best thing for Britain financially, even though the vote was mostly centered on retaking sovereignty.  Maybe we can learn from this.  It is best to put self-rule, liberty itself, ahead of all other concerns.  Prosperity will follow.