The Fall of a nation - unravelling the Brexit vote
Well, they’ve finally done it. After years of incessant bombardment with inane propaganda, the British decided on June 23rd, to vote to leave the European Union. Brexit is upon us, and no one has any idea about what to do next. That includes the global financial markets, which have been almost in free-fall since the referendum results were announced early on Friday morning. And, as if matters weren’t bad enough already, the only people who could clarify the situation, Prime Minister David Cameron, and his second in command, Chancellor George Osborne, are nowhere to be found. But what is this all about, and what effects will it have? Well, lets start from scratch. The question that was put to the British public was easy: Should the UK remain within the European Union? I’ve touched on the nature of the EU and on its inner workings in an older article on my blog , so I won’t go into too much detail on that here, suffice to say that EU membership not only provides free access to a marke...
