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The Pound Has Finally Fallen - Business - Nairaland

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The Pound Has Finally Fallen by Bugzynigeria007: 8:25am On Jun 29, 2016
When I watched Christina(CNN) get out of her skin in an interview with an MP of the UK, who was back tracking even when presented with blatant facts (denial), lead me to have a deeper understanding, to determine the true implications of the Brexit’s Impact on the UK and the rest of the world. The inevitable rude reality of the Brexit is that the Pound has finally become so light to have fallen. (The Pound is too heavy to fall)
Rude realities for those yet in denial includes; UK cannot trade in Europe’s single market no matter how much they wish it; Scotland, Gibraltar and maybe other components of the UK may leave the United kingdom to REMAIN in the EU, UK has lost their ratings (AA-); who would want to trade with a country whose trust, credibility and economic stability is in question with regards now and future trade negotiations. The Brexit has shown to be ultimately driven by selfish, half cocked and fear motivated (“Presumptive nominee”). UK may have just “shot” themselves back to the future, so they might as well build a high wall around “Britain”.

“Britain”, as intentionally used, still has a leadership vacuum in both parties presently, its present PM been practically redundant to steer the country forward, has no exit plan on the way forward (risk with perpetual uncertainty), and the owners of the spoils are reluctant to make claim, Hmmmmm…. The impact on the Global market (disruption) can not be dared to be predicted, speculated or conclusively analysed (Uncharted unthinkable economic waters) by any economist and I am sure this would boggle even the “Oracle of Omaha”. In the short term Britian as one of the richest countries would cushion the negative shocks on its economy, not without losing so many jobs, investments across board, and in the midterm more financial sacrifices would be made sourcing funds from humanitarian projects, global support, NHIS funds, etc, which will further diminish Britains’s Global foot prints and in the long run when the laws of economics come into full cycle with its effect then we will all hear the “thud”.

Red flags and pointers leading to Britain’s present course (path); Mr. Putin wanting it, Trump wishing it, a maybe future exceptional PM was slaughtered for it, was lead by a spent independent and an overambitious mayor, Jo Cox wanting to REMAIN, the same campaign words and statements used by Trump, motivation by fear, anger (an immediate spike in hate crimes after Brexit) and hate (Jo Cox). Yet some older citizens still decided to shot Great Britain not on the foot but straight in the head……. Oh Britian! Humpty Dumpty sat on the wall…..had a great fall…..

As Britain awaits a new King, who will chart the country into a new course back into the future, as the “quickette”(quick divorce) is activated, and maybe a wall built, as the pound falls( Current stand of Scotland, Gibrator and its rest presently, indicates they wont! leave the EU), as Global economy recovers from this shock/disruption, as UK realises itself as Britain and its MP’s back tracking themselves into an illusion, as we remember and understand the true loss of Jo Cox- a paradigm shifting PM in waiting, let us truly ask ourselves; who are we?, what are our values that make us who and what we are? What SUSTAINS who and what we are? We hope that the United States learn from this or find themselves also building a wall around themselves.

On a final note, for the future King of England (PM), let them know this, the sun had never stopped to set on the English Empire until the Brexit, been a super power and been one of the richest countries in the world comes with great responsibility, burden and trade off, one which includes, that they be exemplary in been tolerant, undiscriminatory and accommodative. And Mr. Cameron, yes it may seem the right path and noble move to go on a referendum path but the parliament platform was set up ultimately for such decisions-an intellectual critical burden for the populace taken by its representatives. The Brexit should have been decided on the floor of the house, and the referendum as a fail proof, this Sir, you must accept this as you nobley resign.

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