June 23, 2016, was a historic day. That’s the day the U.K. voted in a referendum to leave the EU, the so-called “Brexit” vote. Since then, the U.K. leadership under Prime Minister Theresa May has been negotiating with EU officials on the exact terms of the Brexit.
Some of the issues in play include the Irish border with Northern Ireland (neither side wants to close it, but Northern Ireland is part of the U.K. and Ireland is in the EU) and the “exit fee” the U.K. must pay the EU for the costs and dislocations of Brexit. These negotiations have been rocky for over a year but seem to be coming to a satisfactory conclusion in time for the actual 2019 departure of the U.K. from the EU.
Still, the globalists have not given up. They were shocked by the original vote to leave and have never stopped trying to schedule a new vote. The globalists are sure that “remain” would win if a second referendum could be scheduled.
Below are two articles, one by Sebastian Mallaby in The Washington Post and the other by Martin Wolf in the Financial Times, that make the case for a new referendum based on the fact that the Brexit negotiations may not have turned out the way the “leave” voters expected in 2016. But what the articles really show is the elites’ disregard for democracy.
Mallaby is the head international finance expert at the Council on Foreign Relations. Wolf is the senior money and markets opinion writer for the Financial Times. If your favorite football team loses a game, they don’t get to play it over just because they found a better playbook.
The same is true in politics. The “remain” forces had their chance and they blew it. Now it’s time to accept the results and move to the next stage involving an actual Brexit and all that implies.
Institutional investors can schedule a proof of concept with the world’s first predictive data analytics firm combining human and artificial intelligence with complexity science. Check out Jim Rickard’s company at Meraglim Holdings to learn more.