Friday, June 24, 2016

Little Britain


As Yanks, we've kept our blog away from the run-up to yesterday's Brexit vote, quietly hoping that British voters would do the smart, right thing:  vote to remain in the European Union.  Now that voters have opted for Britain to leave, we must sadly observe that, apparently, there are more self- destructive, racist, clueless  meatheads in Britain than we were accounting for.

Among the results in just the last 12 hours:

- the pound dropped overnight to a 31- year low;
- in fact, the pound dropped so far, Britain is no longer the 5th largest economy in the world;
- the London market is in "free fall" and markets around the world started a deep nose-dive this morning;
- Britain's credit rating will drop;
- Scotland, which voted overwhelmingly to remain, is considering anew an independence referendum;
- and, most unfortunately, the vote hands the racist leader of the UK Independence party, Nigel "Nigel" Farage (a.k.a., "Little Trump") a huge victory.

British Tory PM David Cameron announced his resignation after the vote, a fitting political end to the person  dimwit who brought this calamity on his country by fulfilling what he thought was a self- preserving campaign pledge to hold the vote.

Much will be written in the days and months ahead about this decision, including the ominous potential for a fractured, Balkanized Europe engaged first in trade wars, then in hot wars.  But the economic and political fallout from this vote is already pointing to a poorer, weaker, smaller Britain -- a Little Britain -- that, in opting to go it alone, will soon find that no country is an island, even theirs.

(An aside:  as a measure for Brits and Americans as to how foolish this decision was, it has received the blessing of none other than neo- fascist ignoramus and bankruptcy expert Donald "Rump" Trump.)

BONUS:  If it's possible to laugh at this moment, Andy Borowitz does it with "British Lose Right To Claim Americans Are Dumber."

BONUS II:  True  --


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