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What does the BREXIT vote in the United Kingdom
have to do with us? |
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June 26, 2016 |
June 24, 2016
To the Editor:
What does the BREXIT vote in the United Kingdom
have to do with us?
Everything!
So, Great Britain has voted to leave the
European Union. This is a big deal. First,
Scotland nearly voted to leave the UK just
months ago. Secondly, Northern Ireland may chose
to leave the UK as well and unify with the
country of Ireland. This may well happen since
Scotland and Northern Ireland both voted
overwhelmingly to remain in the European Union.
What we are witnessing may be the disintegration
of both the European Union and the United
Kingdom.
France and The Netherlands may soon follow as
nationalist elements may seek a separatist vote.
If you haven't heard of (PIGS), Portugal, Italy,
Greece, and Spain, these were the EU members who
required massive bailouts to remain afloat at
the expense of England, Germany, and
France...predominantly. Add on to this the
dilemma of massive refugee migration from north
Africa and southwest Asia. What we are
witnessing is a flavor of the same cauldron that
led to the beginning of the First World War.
I can imagine all of this pleases Russian
President Vladimir Putin quite well. Fresh from
his conquests of the Crimea and parts of the
Ukraine, I'm quite certain he is pleased with
western European quibbling. We had better keep
our eyes open, because I don't put it beyond him
to seize back more territory lost upon the
dissolution of the former Warsaw Pact nations
aligned with the Soviet Union.
Global economic markets have tumbled upon the
news of Brexit. We are in a weakened position
secondary to the economic collapse of 2007. This
time around, there are no funds available for a
massive bailout program of national proportions.
What you may not know is that the majority of
the U.S. debt of $19+ Trillion is held by Great
Britain. It has been popular by our own
nationalists to claim that China holds it. Yes,
they hold a huge portion of it; but, Great
Britain is the #1 financier of our national
debt. Of course, China is an easy target because
we are jealous of their success and they don't
"look" American. Are you getting nervous yet?
Don't forget that our neighbors to the north,
Canada, are a commonwealth nation of the UK. If
the British Pound takes a hit, the Canadian
Dollar will follow. That makes our goods and
services more expensive to them resulting in
less Canadian dollars being spent here in
northern border states.
While the Brexit vote was taking place, Donald
Trump was hawking his new golf resort in
Scotland on the face of a sinking British pound.
He hopes to capitalize on the UK's economic
misfortune, the same way he capitalized on U.S.
real estate during the Great Recession. I hope
the average American will wake up and realize
that the very person they may consider voting
for is willing to buy their estate at twenty
cents on the dollar the day after they are
served their foreclosure notification.
Look, as a nation we've been through a lot over
the last decade. I just hope that we do not
succumb to a culmination of fears. When it comes
to trust, that is best reserved for the Lord.
Right now, I'm hearing a whole lot of rhetoric
from those running for public office about
"traditional values," "religion," and "faith,"
but am seeing very little evidence of that from
them.
The whole world seems to be in a terrible mood,
but it is up to the "individual" to turn that
around. Fear is the elixir of cowards and I, for
one, refuse to live my life in paralysis. \\
Gerald Higgs
Bonners Ferry |
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