Brexit: Thoughts UPDATED and BUMPED

Friday, June 24, 2016

Brexit: Thoughts UPDATED and BUMPED

[orig post 6.23.16 12:39pm]

First, a WSJ primer:

And an analogy:

The European Union is a committee.

When a lame-brained idea is presented to the Glorious Hat management team, usually from those pecker-heads in marketing, I go to a tried and true process of killing it. Perhaps I can just say "no" since I'm the head of the organization, but that hurts peoples' feelings and we are all about 'feelings' at Glorious Hat. So the next best option is to instead say "Great idea! Form a committee and present a road map for success." They buy it every time, and every time the committee fails to perform.

It is no different in the European Union. A bunch of people - un-elected, BTW - collect salaries, sit in rooms, and tell themselves how smart they are. Opportunists, like Greece, milk the system for all its worth while the productive, like zGermans, work harder to keep the whole thing propped up.

Committees fail. The European Union will fail. Perhaps the end will start today in the UK. Perhaps things will have to get a bit more desperate before countries pull out.

More thoughts:

I think the European Union is a failure, and it's breakup is just a matter of time.

I think this vote in the UK today is the same vote we face in November: Keep open borders, or close the borders. If they don't exit today, I expect them to reconsider after 126 migrant rapes occur in the same hour as they did in Cologne in January.

I doubt this vote would be as close as it appears if it were not for Trump. Trump'ism is spreading. People with their principles and values still intact are finding their balls and emulating Mr. Trump. I see a wave of boldness sweeping the land. Especially with regards to immigration. And immigration is what the Brexit vote today is really about.

"That goes without saying."

The word of the day is sovereignty. Very few in the UK know what this word means.

noun
1. the quality or state of being sovereign, or of having supreme power or authority.
2. the status, dominion, power, or authority of a sovereign;royal rank or position; royalty.
3. supreme and independent power or authority in government as possessed or claimed by a state or community.
4. rightful status, independence, or prerogative.
5. a sovereign or independent state, community, or political unit.

Brexit is "We Are the World" globalism vs. the concept of independent nation states.

In my precious metals video 10 days ago I suggested Brexit would be good for the price of gold. Since then gold has dropped as the odds of Brexit have dropped too. I now am uncertain how the price of precious metals will factor in a UK exit. There are reasons both ways: The price of gold goes up on the uncertainties and unknowns of how an exit occurs, and how smooth it would go. But the price of gold could go up without an exit, as no exit means status quo, and status quo means economic inefficiencies, continued mass immigration and continued currency shenanigans.

In other words, I don't know.

Other opinions:

Illiuminati Silver (YouTube): predictions on Brexit, currencies and precious metals.

Captain Capitalism (Aaron Clarey): Brexit overview video - 28min.

Conservative Treehouse has a great post, with videos, on Brexit.

UPDATED 8:30pm:

Reuters wants the nail-biter.

UPDATED and BUMPED 6.24.16 7:00AM:

Damn. They did it.

Ken Denninger:

It's about damn time someone took their nation back.

Now Brits, if you're serious -

For starters:

Kick out every single Muslim and build a mall on top of every single mosque.
Restore citizen gun rights.
Restore castle doctrine and establish concealed carry.
Establish single, flat consumption tax.
Build a couple modern aircraft carriers and their battle groups.
Reignite British patriotism.

They really did it.

Damn.

UPDATED 6.24.16 2:30pm:

A new Can't Stump the ~~Trump~~ Farage. Great quotes and editing, as always:

UPDATED 6.24.16 4pm:

MW: "Probably"

Comrade and gun-blogger, Tam, on FB today:

Up until yesterday it was very progressive to support the self determination of people in democratic elections. I guess that stuff is only for the Libyans and Sudanese, not crackers.

and,