“Brexit was a Vote for Freedom!”
Ty J. Young Editorial
The elites, pundits and media were shocked on June 24 as Britain voted to exit the European Union (“Brexit”). It seemed beyond their ability to understand that (A) people were tired of being told what to do by unelected bureaucrats; and (B) they would thumb their nose at more and more government.
What are “elites?” The people in charge of things – many elected officials, agencies with appointed leaders who make rules and regulations, and the rich and powerful across large sectors of the economy, but typically in high finance, education, health care and media. They liked telling you what to do, and the British decided they had had enough.
There are plenty of examples of burdensome and unnecessary European Union (EU) oversight – for one, driven by its aggressive leftist climate agenda, the EU outlawed the electric teapots the English have relied upon for generations to produce their daily fix of Earl Grey and toast. A few more include:
• They determined the size and curvature of a banana.
• Eggs are not allowed to be sold by the dozen.
• People are not allowed to drive more than 30 minutes at a time without taking a break.
These examples of insanity do not even begin to touch the surface.
The British survived on their own for 1900+ years and managed to run a global empire before the EU; it is most probable they will survive. Read below to learn what the Brexit vote means and what it could mean for your money.
I. What is the Big Picture View Regarding “Brexit?”
1. It was a vote for freedom … it was a vote for sovereignty. The Brexit vote was good for the British … it was, in essence, their vote for independence! It certainly can be seen as a vote of no-confidence in socialism … socialism lost. It also was largely driven by wanting to control their own borders, and prevent the ongoing massive influx of illegal immigrants.
2. The Brits, NOT bureaucrats in Brussels, will regain the right to make their own rules on immigration and their borders. Controlling migration into the country and how you will defend your borders are fundamental rights of any nation state.
3. Brexit was a rebuke of the …
D) George Soros
E) AND – Obama and Hillary.
4. It can be seen as a victory for Trump. Nowhere does the PUBLIC want uncontrolled immigration … NOWHERE! The public certainly does not want unelected, unaccountable elites telling them how to live their lives. In that respect, this plays directly into Trump’s campaign plans – “We’ve let ‘those’ people have too much power, and they have screwed everything up!”
5. Could just be the beginning of the end for the EU.
• 90% of the population wants out in Denmark
• 71% (unsurprising) in Greece
• 61% in France
• 49% vs. 47% want out in Spain
• A statistical tie in Germany, the heart and home of the EU’s support
There is a global movement of people sick of governments telling them how to live their lives. Illegal immigration and the refugee crisis was seemingly the spark that has led to a full-scale revolt.
II. What will Brexit do to Markets?
A) Additional strengthening of the U.S. dollar
B) Slow Federal Reserve interest rate hikes,
C) Uncertainty will actually drive people to safe havens
D) That means gold, treasuries, structured products
2. Long term – markets go up and down, but we are due for a correction. Uncertainty causes volatility and we are due for a correction. Investors may see this as the time to get out before the correction starts, and that, of course, could cause the market to fall even further.
Some analysts wedded to the stock market have suggested this was not a vote for freedom, that this was a vote against capitalism. Their argument is made with statements like “… Capitalists are in favor of free markets and the free movement of labor, and for that reason this vote is against capitalism.” Yes, IF a market is free, THEN a capitalist would support it. Telling someone how curved a banana should be is not a FREE market. The free movement of labor is a capitalist objective if the free movement of labor is LEGAL. Also, a capitalist is in favor of the rule of law, with the consent of the governed. The EU does not have the consent of the governed.
Lastly – voting to set yourself free from unelected bureaucrats telling you how to sell a dozen eggs is CLEARLY a vote against socialism!
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