Answer: Yes. It was a good thing!
In our last post, we said we’d discuss this question. World money managers have already realized that the Brexit vote may actually be GOOD for them, for Great Britain, for the EU (more countries apparently wanting out NOW), and for the world.
They are looking at the result from the economic, trade, commerce and political points of view. Now, IFO will explain this from the equally, if not more, important emotional and sociological and physiological points of view.
Emotional: everyone she talked to and watched on the Internet wept with joy at the result. By “everyone” we mean real human beings. Bureaucrats, pundits, politicians and that ilk for the most part were totally hysterical and wept with sorrow and panic. In any event, it is good to give your emotions free rein every once in a while.
Sociological: this is the main reason leaving the European Union may be so good for the British Isles and the rest of the world. The vote restored to the people, overnight, a sense of purpose and belonging, a sudden pride in their own nation and neighborhood, hope for a more prosperous future. This is the kind of optimism that makes economic growth possible.
Physiological: Hope and optimism promote good health. Many studies have shown that, for example: “There is evidence that optimistic people present a higher quality of life compared to those with low levels of optimism or even pessimists.”
This optimism and good mood throughout the UK is likely to result in a decrease in expenses for the NHS – the national health system. Of course, there will be a slight uptick in London NHS counseling expenses as the World Citizen Snowflakes deal with the trauma of Brexit. But we hope that even they will grow up and become productive, happy citizens.
And what better way to bolster confidence than to see financial markets returning to previous levels, and leaders of countries all over the world clamoring for new trade deals with Great Britain!
We’ll skip the economic and political discussion of the effects of the vote and the dread possibility that the EU will completely break up, leaving German banks with oodles of bad loans to bankrupt and corrupt countries. Other commentators are far more well-informed than your obedient servant, IFO.
What have we learned from this earth-shaking event? 1. Trust your gut. 2. Stand for freedom and independence whenever you have the opportunity. 3. Believe in your own.
Tomorrow, we’ll talk about globalism and progressivism – the good intentions and hopes bred of ideas both crazy and sound. It was the crazy ideas that are their downfall, but even the sound ideas went off the rails into the weeds.