The Break Up of the E.U.

Great Britain has had enough. Apparently they are spending $400 Million pounds a week just to be in the European Union. That would buy a lot of fish and chips if they didn't have to pay it out.

They have voted to leave the E. U. instead of tough it out like some of the other countries involved. Its not like The British are the only ones over there having a tough time. Look at Spain, or Greece.

As a matter of fact it looks like those examples are exactly what touched off the bad blood. You have to realize of course that none of these guys actually like each other. Sometimes I think they just what America has become, and had no choice but to form their own union.

From what I understand The British are angry with Spain and Greece. They both keep needing to be bailed out. The British feel as though their pounds would be best spent on their own infrastructure.

Its their money, and if they want out what can be done about it? I mean its not like there going to go to war.. are they? You might be surprised but I think I have it mapped out.

First there will be an interest rate war between the European Banks. British banks like Barclay's and Lloyd's will undoubtedly have more money to lend out at lower rates than the rest of the European banks. That's because they just backed out of the E.U.

In all fairness the British Prime Minster's claim they would never do such a thing. As proper Gentlemen, they frown upon stooping so low. I believe that its just a matter of time before it happens though.

Then after the interest rate war starts there will be a currency war as the British retreat further. It will be the only way they can justify dropping interest rates. This will add insult to injury to the already weakening European Financial Sector.

Then when there is nothing else to say to each other regarding who is right or who is wrong... they may fight. I can see it unfolding right now. I'm hope they can come to some other resolve without that happening.

One thing is for certain though. The American Stock Market Analysts are staying clear of this mess for at least two years. That's how long it will take for the British to renegotiate all their trade deals.

Until then they will bicker and get really really jealous of each other until the argument comes to a head. Now mind you, this is all true only if they exit alone. If other countries opt out, it may change the game considerably.

Right now Ireland is being put through the ringer over unpaid E. U. taxes. They say that Apple owes tons of cash for doing business over there. Who knows, Ireland may end up opting out also.

That leaves no one but the French to take over. I mean, if the British helped put the E. U. together to be better than the U. S., then its possible it can be held together after they exit for similar reasons. I doubt if the French are shaking in their boots about this.

Napoleon once said... "The British are a nation of shop keepers, and not to be feared..." With that attitude they won't miss the British when they Brexit at all.