Declaration of Independence
The EU could have been, if not exactly the United States of Europe, then something halfway along to the US under the Articles of Confederation. In practice, though, it's a fairly dysfunctional welfare state, authoritarian, anti-trade, anti-individual rights. Importing millions of refugees, many of them openly hostile to the values of Western civilization, hasn't helped either. Why anybody would want to give up their sovereignty to the unelected and unaccountable commissars of Brussels is beyond me.
How quickly and strongly the UK economy bounces back from Brexit will depend on the extent to which the British move toward a free economy. Unfortunately I'm hearing a lot of protectionist rumblings, which don't bode well for anybody.
Next: how long before others bail out too? France, Netherlands? And how long will German taxpayers be willing to pay for Greek pensions?
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"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission – which is the stage of the darkest periods of human history, the stage of rule by brute force." – Ayn Rand
Look at Luxembourg--their external debt is >3000% of GDP, something like 25 times the UK's external debt per capita. No one's talking about a Luxembourg default.
Yozzers, 3000%.
What about this:
"The truth however is much worse, factoring in all liabilities including state and public sector pensions, the real national debt is closer to £4.8 trillion, some £78,000 for every person in the UK."
http://www.nationaldebtclock.co.uk/
The US in the same boat, we are at $837, 235 dollars of debt + liability per citizen.
http://www.usdebtclock.org/
However, we have the world's currency.
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--James
I gagged a little at the suggestion that Barack Obama represented "global glamour," but on the whole this is a good article:
http://www.wsj.com/articles/brexit-a-ve ... 83?tesla=y
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"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission – which is the stage of the darkest periods of human history, the stage of rule by brute force." – Ayn Rand
ASPartOfMe
Veteran
Joined: 25 Aug 2013
Age: 67
Gender: Male
Posts: 36,577
Location: Long Island, New York
(However , I guess I should spell this out , I am asking for some site showing the UK press' headlines describing the " Leave " decision , not NYC tabloids ~ Suppose it's rather doubtful they'd put that on the front page , certainly not as the main story .)
Newspaper headlines: 'New Britain' and Brexit 'earthquake'
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Professionally Identified and joined WP August 26, 2013
DSM 5: Autism Spectrum Disorder, DSM IV: Aspergers Moderate Severity
“My autism is not a superpower. It also isn’t some kind of god-forsaken, endless fountain of suffering inflicted on my family. It’s just part of who I am as a person”. - Sara Luterman
How quickly and strongly the UK economy bounces back from Brexit will depend on the extent to which the British move toward a free economy. Unfortunately I'm hearing a lot of protectionist rumblings, which don't bode well for anybody.
Next: how long before others bail out too? France, Netherlands? And how long will German taxpayers be willing to pay for Greek pensions?
Why anybody would want to give up their sovereignty to the unelected and unaccountable commissars of Brussels is beyond me.
I've been thinking along the same lines. The history of Great Britain is filled with stories of hundreds of years of conquest by foreign countries. It was only through sheer toughness the islands were able to gain their autonomy/sovereignty through strife and bloodshed.
And now, to imagine a powerful group of industrialists wanting to "homogenize" and dominate the British population for profit, and being accepted, is beyond belief.
HOORAY for the British who voted against this travesty and for the personal freedom their fore bearers died for. Long may your independent British nature endure.
Who knows? Maybe the U.K. will have to ask the Taoseach for a bail-out!
Really? What alternate reality did you learn American history in.
The revolution was largely a rebellion against mercantilism. We WANTED to be part of the global economy. Also, we had a vast, nearly depopulated continent to export our poor to (go west, young man and all that).
That was all a huge windfall that the empire was keeping us from.
The only thing that really limited the US was the federal government's refusal to invest in internal development until after the civil war.
I'd say the first 100 years was a golden age.
Also, we had a vast, nearly depopulated continent to export our poor to (go west, young man and all that).
NOT AT ALL. There were NO vast lands to send poor people to. There WERE vast lands the government wanted to develop (and no doubt to remove the indigenous people from) but these benefits were reserved for the rich and/or the prosperous.
The cost of purchasing and outfitting a huge "prairie schooner" was immense in those days and far beyond the reach of any poor people. Remember there were no government agencies supplying poor people with luxuries. In fact there was a huge population of physicians and dentists in the rush to the gold fields in California because they were well suited financially to afford the trip, either by wagon or passage around "the Horn."
In other words: There was no rush to populate the country with poor people at any time.