Anti-Establishment Trends Extend Worldwide With Historic ‘Brexit’ Vote
Worldwide politics just had one of the biggest shakeups in recent history with the United Kingdom's vote on whether to leave or stay in the European Union. From the results it's clear that anti-establishment trends aren't just making waves in the United States. It appears that the entire world is ready for a change in government and leadership.
If you haven't heard the UK just voted to leave the European Union. This is huge news and will undoubtedly shape the near future for the entire world economy.
Coming into the vote no one was sure which side would prevail in the historic British referendum. Millions of votes later the voice of the British people decided that they wanted to leave the European Union and make a go of it themselves.
According to British journalists and news services, vote counters took until around 3 a.m. British time to confirm that more British citizens wanted to leave the European Union than stay. According to reports, the strongest proponents of "Stay" were located in London and Scotland, while "Leave" gathered its strength from the more coastal and rural areas of England.
For many British people who wanted a "shakeup" in their country and in Europe, this is exactly the result they were hoping for. For some economists and naysayers, however, the vote to leave the EU is a harbinger of worse things to come.
One of those could be fiscal strength. As markets opened to the news that the UK will leave the EU the pound dropped in value from $1.50 to an English pound to $1.35. That's the lowest the British currency has been valued in decades.
For the rest of the world, however, the UK's vote is a strong sign that people are upset with the progress and effort of the establishment. We need change and progress in this world, not mindless bureaucracy and conglomerations like the EU.
h/t: 100 Percent Fed Up