Thursday, June 30, 2016
The first Brexit also was expensive
There is more to the American Revolution reference to Brexit than snark.
As we approach the 240th anniversary of our nation's independence, we must look at what the naysayers said back then. People voted with their muskets and rifle either to Remain loyal to the Crown, or Leave. Chief among the reasons against leaving were financial considerations. Who would the 13 British colonies trade with?
But the rebels did not pay heed to the warnings of the financiers. Indeed, John Hancock and others paid severely for the privilege of signing that Declaration of Independence. They went in with their eyes wide open knowing that there are things worth more than money. The cost of freedom is paid by young men willing to die for their country. but they too paid a price by risking their lives, their fortunes and their sacred honor.
The financial market's punishment of the British for the Brexit should be ignored. The markets recovered because this was a game. They faked a panic. In a world where our federal government worked to protect us, the SEC would be investigating and prosecuting this collusion.
Of course, American conservatives are all for the Brexit -- including the ones who oppose the American version called Trump. Sure, it is easy to tell the other guy to go fight the Establishment, but when you rely on donations from the very people who tanked the market last week to show the British, it is hard to flip that middle finger, isn't it?
Please purchase my book "Trump the Press" through Create Space, as I get a larger royalty. It is a subsidiary of Amazon. The book will take a few days to be listed on Amazon, likely July 8. I have no control over that.
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