Monday, June 20, 2016


One of the real big issues going on in the world this week is the Brexit vote on Thursday. Then, people from Britain may or may not decide to leave the EU.
This could be very bad for Britain: International companies might leave, They will surely have to pay tariffs on French wine and Italian spaghetti. It may also affect London's status as a world banking center. 

On the other hand, many in the UK would love to get rid of those pesky French, Spanish, and Polish workers. And God forbid, they may have to allow in Syrians and Iraqis refugees. 

I can understand the Brexit argument. Right now the UK has a lower unemployment rate than most of Europe. They have their own oil and a special relationship with the Commonwealth countries. They would rather have bureaucrats in London make their laws than bureaucrats in Brussels. "He may be a bastard but he's our bastard". 

I understand the feeling about letting outsiders into a place. When I moved to Colorado in the seventies people muttered about New Yorkers were moving up the prices of everything from homes to ski passes. Perhaps the good old days were better. Americans complain about NAFTA, although we all eat a lot of Mexican fruits and vegetables nowadays without being aware of it.

At any rate the business community is very nervous this week. Britain could find itself with borders to Ireland and Gibraltar closed, at least till tolls are put in. Perhaps Britain could join NAFTA? They could make Bentleys in Monterrey.

Editor's note: Jade Joddle makes some interesting videos on YouTube. Her specialty is English grammar but she also dabbles in politics a bit.

Editor's note: I sold some stocks last week. I'm very proud of myself.

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