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Britain leaving EU...Peso now over 19 to $US..Over 20+ soon


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This is unexpected but an omen of the future for the U.S. and other countries. I know that this is a politics free zone but the general population in the U.K. is fed up with the politically correct, no borders Middle East immigrant flooding of Europe with no control, I do not understand the financial implications but the experts see that the U.S. currency will get stronger and thus the peso weaker. Good for expat Americans here but maybe not for our Mexican friends.

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Guest bennie2

not sure how that will affect mexico, i havnt studied this aspect. i am over joyed to see the globalists defeated. ok thats it, we put in more than out 2 cents of politics for the night. 

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So now does Scotland wish they had voted yes for exiting the Union and could stay in Europe???  Note the vote was by age with younger people wanting to stay in Europe and the older folks wanting to exit Europe.  Once the hubbub is over I think Peso will go down eventually but could spike up to 20 as all the folks say.

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I saw an interview yesterday with the former top advisor to the PM and said the basic issue is that EU member countries cannot make economic decisions without Brussels OK. Open borders, dictates over having to take refugees or pay a fine if they don't. All of these coming from unelected officials that trump the elected officials so the citizens have no voice. 

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Yes, whenever someone "guarantees" something will happen, I take action on exactly the opposite and that has always been more right than wrong.

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2 hours ago, gringal said:

Just a note:  Scotland voted 62% in favor of remaining in the EU.

I think the major deciding factor was the refugee issue.  There have been some serious cultural problems since the influx.

But Scotland is part of the UK and so is out also. If they wish they can try another vote to become independent of the UK, I believe, and then could opt to be part of Euro. That said, Belgium, France and the Netherlands wish to leave also, which would ensure the collapse of the Euro.

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I wonder what is going to the thousands of "expats" living in continental Europe? Many EU countries share medical insurance with EU passport holders for example. It would be a wonderful time for Mexico to advertise extensively in Europe, but that is not going to happen is it?

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1 hour ago, luvsdawgs said:

But Scotland is part of the UK and so is out also. If they wish they can try another vote to become independent of the UK, I believe, and then could opt to be part of Euro. That said, Belgium, France and the Netherlands wish to leave also, which would ensure the collapse of the Euro.

As far as  I know, as a Belgian.... a majority of the Belgians want to remain in the EU.  I would prefer to see a far smaller but stronger European union, starting with the Benelux and Germany....  and thighter borders around it.  The EU grew too fast.....  at the cost of actually strengthening.....

The Brexit was no surprise to me..... quite the opposite, 48 % to remain is more than I expected.

Rony

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1 hour ago, luvsdawgs said:

But Scotland is part of the UK and so is out also. If they wish they can try another vote to become independent of the UK, I believe, and then could opt to be part of Euro. That said, Belgium, France and the Netherlands wish to leave also, which would ensure the collapse of the Euro.

Scotland and Ireland are indeed part of the UK and yes, the issue is already circulating about whether they will go for another referendum on separating from them.  Whether this is a good thing for them, or not, is debatable, depending on your world view.

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Guest bennie2

the progressive media will blame every new attack on brexit. they will blame the financal bubble on brexit (which was enevitable). is this is the beginning of a nationalist movement. the opposition will push for another vote. 

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Ireland is part of EU but not part of the UK.   With the exception of northern ireland which of course is part of the uk.    The Republic of Ireland did, at first, well as a member of the EU but no longer happy about it.

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The EU like Socialism looks great on paper... The Brits are smart to unburden themselves of the redistribution of wealth brought on by Brussels.... Northern Europe has been supporting the South for years... I foresee a breakup coming...

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The EU was supposed to be an economic and trading union.  It was not supposed to morph into a huge 40,000 person bureaucracy that views its mission as micro managing the member states and forcing unwanted immigrants down their throats.  That election turned more than anything on those two points.

Maybe this will be the catalyst needed to bring the EU back to it's original intent.  

Looks like Spain and Italy are headed this way as well.  Our close British friends were an interesting anecdote to this vote.  The mother voted for "stay" the daughter voted for "leave."

 

 

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Mainecoons,

Based on the information I have available, you are 100% correct in that micromanaging and immigration were the two top issues.

Last year Britain was forced (by unelected bureaucrats in Brussels) to throw away tons of perfectly good food for reasons like:

the strawberries were not the correct colour & the cucumbers weren't straight enough.

How would the U.S. react to bureaucrats in Brussels telling them to do that?

As to immigration, it was the loss of control of their borders that was the issue.

Not just whom they were forced to allow in, but whom Brussels denied them the ability to let in.

As an example, Britain needs qualified medical doctors and there are plenty in India who wish to migrate

to the UK to practice medicine. But Brussels denied them the right to do so.

As a former British colony, this did not sit well with the Brits.

But Brussels required them to take in thousands of unskilled people from eastern Europe who barely speak English.

My wife & I used to live in Peterborough, England but are told we would scarcely recognize the place today.

It seems you need a working knowledge of the Polish language to do your grocery shopping.

 

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