Readers have no doubt followed the endless news on the politics of Brexit in the U.K.
The U.K. referendum on whether to “leave” or “remain” in the European Union (EU) was held on June 23, 2016. A few days earlier, on June 20, I predicted the U.K. would vote to “leave” the EU, even though the polls, pundits and bookies all showed “remain” as a 70% favorite.
Of course, the U.K. voted to leave, a result that shocked the world. What I did not expect was that almost 3 1/2; years later the U.K.’s departure from the EU would still not be accomplished. This demonstrates the power of elites and globalists to thwart the will of the people.
As of now, a “hard Brexit” is expected on Oct. 31, although there are still a few days left for U.K. Prime Minister Boris Johnson to round up some votes or perhaps extend the deadline again.
Meanwhile, as shown in this article, there are subdramas unfolding within the larger Brexit drama. Scotland is part of the U.K. and voted overwhelmingly to remain in the EU. Now that Brexit is a real possibility, Scotland is reviving its efforts to leave the U.K.
The Scottish National Party supports independence from the U.K. and narrowly lost a referendum on this issue in 2014. Brexit was not an issue in 2014, but it is red-hot now. An actual Brexit would give the Scots a chance to vote again on whether to leave the U.K.
This time, the vote may succeed. Scotland would need a currency if it could no longer use sterling. Rather than reintroduce the Scottish pound, Scotland could join the European Monetary Union and adopt the euro as its currency.
That would mark quite a change from the hysteria of 2010–2015, when mainstream economists were predicting the breakup and collapse of the euro.
In fact, the eurozone has increased from 16 to 19 members in recent years. Scotland could make it an even 20.
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