Until last night, the British people were fed a steady diet of the inevitability of a defeat for the Brexit forces. The polls were close, but the pundits all said that there would be a final move towards remaining in the EU. The bookies all had Remain as a heavy favorite. The markets in many parts of the world had a week long rally as the view that Brexit would lose took hold. Well, they were all wrong. The Brits chose to leave the EU. Even the prime minister did not get to remain; David Cameron resigned this morning.
It's interesting to watch all the people who opposed Brexit now promoting stories about the bad things that will result from it. Scotland is going to leave the UK. Northern Ireland is going to leave the UK too. At least those are the latest stories pushed by the media. We will see. The markets are way down, so is the British pound. Gold is way up. Again that is the initial scared reaction from the financial people who rush to profit from the change and force the markets to move in dramatic fashion. Actually, all that is happening is that the phony rally that preceded the Brexit vote is reversing. Again, we will see where things are in a few day. Most likely the panic will recede and things will be back to normal.
In all of this, however, little has been said of the majesty of what happened yesterday. The British people themselves made a choice for their future. This was democracy at its most wonderful. The Brits deserve to be congratulated.
It's interesting to watch all the people who opposed Brexit now promoting stories about the bad things that will result from it. Scotland is going to leave the UK. Northern Ireland is going to leave the UK too. At least those are the latest stories pushed by the media. We will see. The markets are way down, so is the British pound. Gold is way up. Again that is the initial scared reaction from the financial people who rush to profit from the change and force the markets to move in dramatic fashion. Actually, all that is happening is that the phony rally that preceded the Brexit vote is reversing. Again, we will see where things are in a few day. Most likely the panic will recede and things will be back to normal.
In all of this, however, little has been said of the majesty of what happened yesterday. The British people themselves made a choice for their future. This was democracy at its most wonderful. The Brits deserve to be congratulated.
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