David Cameron: Britain's EU Referendum to be held June 23

UK Stocks climbed to a 10-month high on Friday and had their biggest weekly increase since 2011.

So much for Brexit being bad for Britain. However, the stock markets of the large EU countries are still well below where they were before the vote. With experts like the ones that we have on this subject, who needs idiots?

 

No. But then again I am not an establishment mouthpiece or an obsessive devotee to parroting the left's politically correct talking points, so that has to be taken into account.

 

We all saw. All of the media and the so called financial "experts" went all-in behind "Remain". They evaluated where the best place to have their money was if "Remain" won and invested there. Of course if "Leave" wins, in that scenario, the winners are elsewhere and they will loose big. And that is what happened.

But they are the "experts," so what could go wrong? Hahahahahahahaha!

Yet again, the so-called "experts" were wrong, and they had their butts handed to them by the markets as a result. A week later, now that everything has had a chance to sort out after the vote, the FTSE 100 (UK) has recovered and is higher now than it was the day before the vote. That means that the markets believe the future prospects of these companies in the UK are good. However, the big stock indices for continental EU are still well down. That is not good for them.

Meanwhile, the establishment and the media are in full denial, just like Nigel Farage said in his speech, as they are actually trying to explain the vote away by insisting that the British must not have understood what they were voting for. You really cannot make this stuff up. Because a few people Googled questions like "what is the EU?". Of course what is most likely is that it was some of the young snowflake "Remainers" who were the ones Googling those questions. If they had known the answers, surely they would have made it a priority to vote, which of course we all know now that they generally didn't.

Just FYI to all the establishment leftists who just cannot bring themselves to believe that anyone willingly and knowingly dared to defy them and spurn them like this. Denial is not a river in Egypt, or anywhere else for that matter. Maybe you guys need to get some professional help with that.

 

Also, here is an article in the Financial Times (UK) that provides some interesting insight into the fall of Boris Johnson, the rise of Theresa May and what that likely means for the brexit transition over the next few years. It provides some background on the background and the behavioral tendencies of these politicians that American audiences, unfamiliar with the nuances of British political figures, will in most cases not be aware of.

 

Nigel Farage, the leader of UKIP has resigned as leader of the party. He says he has achieved what he set out to do (United Kingdom Independence Party) and now he wants his life back.

Nigel Farage will be remembered as the key leader in this movement in any credible history book that covers this period in English History going forward.

Also, I predict that while the transition to full independence will have its difficulties and uncertainties over the next few years, 10 years from now the British people will look back and will be very pleased with this decision. Not just the people who voted leave, but 2/3+ of the people of the UK. The EU's darkest days are ahead of it and the UK is getting out very possibly just in the nick of time.