There is now and will continue to be a “ton” of information and data about Great Britain’s vote to leave the European Union (EU) posted to the Internet. I thought that I would sort out “a bit” of the available information so we can see what just “happened” and “how” it affects the World’s economies.
What just happened?
Great Britain voted to leave the EU. Great Britain consists of England, Scotland, and Wales. Northern Ireland also fits into the picture; a good explanation of Great Britain vs. United Kingdom is given at this website: http://resources.woodlands-junior.kent.sch.uk/customs/questions/britain/britain.htm
The New York Times® has an excellent web page spelling out the ‘Brexit” situation:
Why did it happen?
Many citizens of Great Britain were not happy with the “rules” that membership in the EU “forced” upon them. Citizens of Great Britain just did not want “another entity” telling them how to run their country.
The BBC (British Broadcasting Company) has a webpage regarding the ‘Brexit”: http://www.bbc.com/news/uk-politics-32810887
Here’s a short video explanation of reasons for the “Brexit” voting:
How does the “Exit” actually happen and take place?
For the UK to leave the EU it has to invoke an agreement called Article 50 of the Lisbon Treaty.
What is the European Union (EU)?
Here’s a nice explanation from the Telegraph®:
How does the Brexit affect the U.S. economy?
CNN lists several of the repercussions to the U.S.:
Does the United States belong to the European Union?
No, it does not. But, the U.S. trades with members of the EU.
Should “I” care about the ‘Brexit” vote to leave the EU? Well, it will not affect my everyday life for now, the near future. The interesting thing about “events” like a ‘Brexit”, it takes a long time, sometimes a really long time for the consequences, repercussions, actions and reactions to take place, be enacted, responded to, etc. In past blog postings I have commented upon consequences and unintended consequences, here are a couple of examples:
I guess the United States should think long and hard about our Presidential election coming up in November, 2016. It appears that the “Leave” vote surpassed the “Stay” vote by a VERY slim margin: a difference of one million votes or so. The “silent majority” in Great Britain stayed at home thinking that the MAJORITY was with them so why bother voting! We have such a contentious Presidential election looming before us, the “Brexit” voting outcome should be a canary in the mineshaft to us. We must look deep within ourselves spiritually, mentally, emotionally, financially, economically and vote for the person who will have OUR national interests and welfare at the center of his or her conscious.
As “they” say, “let the games begin.” The problem with “games” is that there has to be a “winner” and a “loser.”