AggyAF;9125782 said:
Is there a way for North Anericans to profit off this @2stepz_ahead @Sion
It's not going to hurt the U.S. economy in a very negative way. At best U.S. stock markets may fall. I spoke about this about 5 years ago in my Investment thread about the cons of being in the EU when they were in the toilet. It makes sense for Britain to leave because they never gave up their currency (the pound) anyways like other countries did. The reason why, when countries are in dire times like recession and need to stimulate their economy they print money to circulate. If a country gives that up, they can't do that and must wait for (in Europe's case) the ECB and other countries to vote in favour of stimulating their economy. Thing is like we saw a few years ago with Germany and Greece, Germans felt it wasn't their responsibility to give a shit about Greece and its issues. One of the dumbest things a country can is give up the ability to print money. Politically I think the resignation is taken as response to the vote but that's another thread. I didn't think Britain would do it given their situation. It's funny because Switzerland said they wouldn't join for this reason and everyone said they were dumb for not needing a surrogate parent with no fiscal policy to police them. That's the issue with the EU - aside from lack of unity they don't have proper fiscal policy and didn't seem to consider it before they formed.
In the long term it's better for Britain and gives them more control over their country and economy. It doesn't have anything to do with America and is NO indication of how Americans will vote. The difference with America and Europe is Americans have better sense of unity. If I go to Cali and ask what you are you'll say you're African American or Hispanic American. If I go to Turkey or Spain and ask that they'll say Turkish or Spanish and take offence if I call them European. It's better for Britain but a blow to the EU because it "shows" they can't keep countries under control, make decisions together and so forth. Will be interesting to see how this develops, Britain has it easier because they never gave up their currency when hey joined.