Editor’s Note: I have spent countless hours since early yesterday trying to de-spook the spooked text formatting of this new article by Stephen Ericson. I even braved the purchase, downloading, and teeth-gnashing enrollment protocols of Microsoft Office 2016, but it was all for naught. The line breaks refuse to behave in the published version. So,
and…forgive us this time.
As anyone who follows the news would have to, by now, know, back on June 23rd, the U.K. decided to leave the E.U.
Reaction here in the United States was, unlike the outcome of the vote, easily predictable.
That being because President Obama had gone to Britain for the sake of admonishing them for even having considered the notion of casting off the yoke of their continental overlords, (it will put Britain in the “back
of the queue”) everyone in the United States seemed to assume that the matter was a simple left/right
issue, such as is pretty much all politics in the United States.
A closer examination of the issue shows that it is, like all matters of European politics, much more
complicated than that. There were politicians and thinkers of deep thoughts on both sides of the British
political spectrum who advocated for either ‘stay’ or ‘leave’, yet the situation here in the states was treated
in the press largely, and again predictably, as a monolithic act of unbound, moronic racism. There was a
cartoon that made the rounds on Facebook of a map of the island anthropomorphized into a cantankerous
old man shooting himself in the foot. The foot in this case being somewhere near Wales.
Tisk tisk… stupid old British people.
The morning of the 24th saw CNN affix a camera to the Dow Jones Industrial Average as it “plummeted”,
an act that upon reflection almost reeks of sabotage. The responsible thing to do would be to let the
business channels handle it, the same way they almost always do in the event of a stock market situation,
but clearly CNN had taken sides on Brexit.
The Washington Post chimed in with an air of condescension; “The British are frantically Googling what
the E.U. is, hours after voting to leave it”, typifying the British voter as a doddering old lady “Even though I
voted to leave, this morning I woke up and I just — the reality did actually hit me,” one woman told the
news channel ITV News. “If I’d had the opportunity to vote again, it would be to stay.”
By the following Sunday, CBS’s Sunday morning was running with the angle the whole thing had been a
remarkable mistake, issuing the new catch phrase “Regrexit”.
Flash forward the following Sunday, and…crickets. Brexit had vanished from the Sunday morning political
talk show circuit. There was simply nothing to say. Sure there was a good deal of other things to talk about;
Hillary and the FBI, the seemingly endless series of ISIS related terror attacks…
But surely Brexit had ruined the world economy, right? Well, not exactly. The DJI which post Brexit had
‘plummeted’ to 17,140 was back up to 17,949 by July 1st. The low it turns out was still 1480 points higher
than the last crash back in February due to low, not high, oil prices.
Ok, well that’s no big deal I’m sure the UK is suffering right?
The pound has in fact taken a hit vs. the Euro, but it seems to have stabilized. It may be a bit of an ongoing
process, but it’s nothing that sound fiscal policy shouldn’t take care of. Banking has also taken a hit; shares
of the Royal Bank of Scotland went from 7.49 on the 23rd to 4.69 on the 27th. But that 4.69 low is still
higher than the 1.03 it fell to in October of 08’, from which it rebounded to 19.46 in the following
But what about trade? Surely the British are suffering due to rank xenophobia of their stogy pensioners,
right? Well, not exactly:
“Australia, Canada, South Korea, India and Mexico are all understood to be keen to get around the
negotiating table as soon as possible and American politicians are also eager to strike a deal.”
Not exactly ‘the back of the que’.
All of this leaves me a bit flabbergasted. When did seemingly the entirety of the left in the United States fall
so in love with the European Union? For that matter why would President Obama even bother to get
involved? Why would he threaten to punish them, mind you this would be in a time past his term as President,
with economic punishment for simply removing themselves from an economic partnership that
the majority of them feel is no longer working?
Why would the press in the United States offer up such a shallow take on the reasons for Brexit? Could the
entire moment have only been about nationalism and hence racism? Even if that were the case, and clearly
it isn’t, are countries simply not allowed to monitor their own immigration policies without being likened
As it turns out, the more one examines the E.U. the more a disconcerting picture emerges. Brussels dreams
up some arbitrary new and complicated regulation and suddenly it becomes law. British law. French law,
Polish and Italian law. The man on the street who thinks he lives in a democracy where the House of
Commons and the House of Lords hash out the day to day decisions that govern his life finds that his rights
are slowly being eroded, and that there’s nobody available to petition for change. The corridors of power
are across the channel and frankly they’re just not interested what you have to say.
Had the vote been presented in this way, would there be such a hub bub at all? If the question were put to
the public as “Do you want to be governed by unelected, unaccountable bureaucrats from Brussels, or do
you want to be a part of a democracy centered in Westminster?” would it even have been a question at all?
So, it’s curious then that there’s been all of this hand wringing and finger pointing. People who love and
value democracy should be overjoyed that the will of the people has been done on this complicated issue.
Instead we get this wall of recrimination and then when that turns out to have been mostly false, stoney
I’m guessing that this is what we can expect for anyone who dares to stand up to the globalist agenda. It’s
going to be a bumpy ride.