I hate to comment on the subject because A-I'm in Florida and have no real life experience anywhere near there and B-while I have made an effort to read up on the subject most of what I have been, cough, fortunate I'll say, to find online is hella biased in one direction or the other. I did find one link that seemed to put it as plainly as can be:
Honestly --- without commenting on what the best choice was --- I don't see this has tearing down the entire UK. I think after 5 years it'll be fine for them. 5 years for a country ain't that big of a deal.
Honestly --- without commenting on what the best choice was --- I don't see this has tearing down the entire UK. I think after 5 years it'll be fine for them. 5 years for a country ain't that big of a deal.
Tearing down a country is kinda hard tbh. I don't think anybody should be legitimately worried about that.
I'm Canadian, but the EU looked like a sinking ship to me for quite some time.
Also, the pound has since stabilized at the same level it was in about April. It has been going down all year anyway. Given the likely monstrous amount of money that was lost on bets on top of people completely overreacting to the market consequences of this move, a drop seemed pretty inevitable.
I'm not worried about the UK. Could be good in the long run to get out early if the entire thing goes tits up. Trade will be fine.
There's also lots of time to fuck this up and prevent the UK from leaving anyway. Guess we'll see what happens.
The markets will recover over time anyways. I personally had little to no opinon about the brexit since both sides had sensible arguments (aside from racist scare tactics the leave camp used which is nothing short of tyrannical).
Their success apart from the EU will ultimately depend on how they approach new trade deals with everyone and overall relationships with countries heavily invested in their markets. I don't personally agree with the way the EU does things since they don't cater well to members proportionately. Greece was the best example of this; they needed reform and stimulation, not austerity. Germany benefits from other countries cutting spending but it's not representative of the needs of other countries that could use a boost (I realize things are different for the UK since they didn't use the Euro, but other regulations imposed by the EU could be detrimental if it doesn't answer the needs of the country).
What interests me is what will happen to northern Ireland and Scotland. Another Scottish referendum is inevitable at this point since their initial reason for voting to stay last time was due to EU membership. Now that's out the window, how high will the next results for independence be?
Northern Ireland even considering joining the mainland is unheard of. The catholic/protestant fight may take a new chapter or maybe they'll set differences aside and finally sort of coexist.
I'm Canadian, but the EU looked like a sinking ship to me for quite some time.
Also, the pound has since stabilized at the same level it was in about April. It has been going down all year anyway. Given the likely monstrous amount of money that was lost on bets on top of people completely overreacting to the market consequences of this move, a drop seemed pretty inevitable.
I'm not worried about the UK. Could be good in the long run to get out early if the entire thing goes tits up. Trade will be fine.
There's also lots of time to fuck this up and prevent the UK from leaving anyway. Guess we'll see what happens.
And that's why you always can move into gold before something like this happens and it almost always goes up. People love gold, which only really has historic value now that we print money based on GDP since like the 70s. But most ppl don't know that and feel it synonymous with value so gold always rises in uncertain times
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