Friday, June 24, 2016

Brexit experts run for cover

For over two weeks, talking heads on financial TV have been poo-pooing the mere hint that the UK would decide to leave the sweaty clutches of the EU. They said the #Brexit would not happen. Too much pain would ensue, they said.


Ha ha.


The British people, sick of the massive influx of middle eastern rabble rousers and economic regulatory overreach from Brussels defied all odds and said "See you mates" to Europe proper.


Congratulations to the leave group. I hope you get what you wish for. To the stay group I'd say the UK has been around for a long time. It isn't going anywhere soon. Keep a stiff upper lip.


People all over the world are sick of the soul-crushing status quo. The political class everywhere has become too fat and complacent. It is blind to how its actions affect real people and businesses every day. Negative interest rates for example. Who do those serve? Big banks and government borrowers. Not you and me.


How can a person like you, who just wants to put some money aside for a safe return, survive on interest of .1% a year? To hell with the status quo.


When you empower people to make rules, that is what they will do. The impact of the rule is far less important to the paid law-maker than setting down the law in the first place. When all you have is a hammer, everything looks like a nail.


It is truly time to sharply limit the parliaments, the congresses and the politburos. I say they see themselves as licensed to enrich themselves without working, all at the expense of the invisible taxpayer. They should all be reduced to unpaid, part time volunteers. Cover their expenses for 4 meetings a year and that's it. We'd see a dramatic reduction in wasteful, ignorant spending.


The experts were wrong because they are in the same translucent thought bubble as the rule makers. Everyone says the same thing to each other until it seems undeniable. At least in that bubble.


Brexit shows us that things are much clearer outside the bubble the experts and the law makers live in. Bravo to the UK. Bravo.



3 comments:

  1. Thank you Jim. We need our friends on your side of the pond a bit more now I think. And I agree this is wake up call for democracy, accountability and freedom.

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    1. The world did not stop spinning and England is still kicking in the UEFA tournament. I am confident that things will be just fine.

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