Monday, June 27, 2016

BREXIT RE DO

The British Brexit vote was ADVISORY. This means that the House of Commons still has to pass a bill stating that Britain will leave the European Union.

We have democracies in order to have momentous and complex decisions made by people who have carefully studied the pros and cons, and who then vote in the manner that they believe will be best for their country.

I think it has become pretty clear that Brexit is not good for Britain.

The Pro-Brexit leaders are now taking back some of the promises they made to get people to vote for exit. Some towns were unclear about how the European Union was providing them with subsidies. And the MARKETS. The markets HATE the idea of Brexit.

I do not know what Britain will do now. Personally, I think the House of Commons needs to vote to stay in the European Union.

The Brexit vote is going to cause chaos in the markets for quite some time. The rich will get richer and the poor will get poorer. The middle class needs to hold on to their investments. Now is not a time for amateurs to be in the market.




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