As I write this, it’s been almost two weeks since Brexit. I initially called in the Brexit but was quickly rebuked for doing so. Brexit occurred on June 23, 2016. On the off-chance that future generations have electrical power to access this blog, they will doubtless be horrified by my rudimentary understanding of this cataclysmic event which will have been taught in all schools, if they are any schools in the future. By the time you read this, Europe will have descended into total chaos, cannibalism will be commonplace and the United Kingdom will have been discarded in the ash bin of history. I write this for my contemporaries in the hope that I can explain what happened and what is to come.
- WHAT IS BREXIT?
It is the BRitish EXIT from the European Union. Get it? BR-EXIT? It’s a clever portmanteau borrowed from the earlier Grexit, which was the GREEK withdrawal from the EU which didn’t happen. Brexit is actually just a vote which took place in the United Kingdom on June 23, 2016 to approve the UK’s leaving the European Union. By the way, the United Kingdom is made up of a bunch of countries besides Britain or Great Britain or England or whatever the hell they want to be called. This should be called Ukexit, but that sounds too much like a Baltic country. Plus, that has the added disadvantage of being pretty much unpronounceable.
2. WHAT IS THE EUROPEAN UNION?
That’s a damn good question. The European Union (EU) is a politico-economic union of 28 member states that are located primarily in Europe. It has an area of 4,324,782 km (1,669,808 sq mi), and an estimated population of over 508 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development. Is that clear enough? HAHAHAHA! I copied that from Wikipedia. I have no idea what any of that means.
3. WHERE IS EUROPE?
All the way across the Atlantic Ocean but before you get to Russia. England is actually an island, and I’m not sure it’s really part of Europe (with or without Brexit). Spain, France, Italy, Germany, Greece, Austria, Hungary, Belgium, probably Switzerland and Portugal and a lot of other countries are over there.
4. IS AMERICA PART OF THE EU?
Another excellent question. The simple answer is “no.” If you Google it, you’ll see that America isn’t in Europe. Oddly enough, some members of the EU aren’t in Europe, either. Americans aren’t going to be part of any such foolishness as this. Remember, too, that we made our own exit from Europe in 1776. Nevertheless, we should go ahead vote to exit the EU right now, just to make clear that we’re not going to be part of these shenanigans. Before we get too high and mighty, bear in mind that we are about to elect either Donald Trump or Hillary Clinton president. Maybe we should vote to exit our own country.
5. NOW THAT BRITAIN IS GONE FROM THE EU, WHAT HAPPENS?
Whoa, whoa. No one has left the EU. The UK only voted to leave. Oh, and the vote isn’t binding. It’s more like a strong suggestion. It’s like telling your wife you want a divorce. Well, hell, so do a lot of people, but you have to take some action. Now, they have to work out the details. Or not. They can always decide not to do it. That’s right. They can stay in or leave. Pretty much the same position they were in before the vote.
6. OKAY. ASSUMING BRITAIN EXITS THE EU, WHAT HAPPENS?
Hard to say. People who fear an apocalyptic one-world new order say it’s all good. Those who embrace a world economy say it’s bad. Young people hate it. Old people like it. Scotland hates it (for the most part). A bunch of things will happen. The British pound (that’s their goofy money) will suffer or not. The UK will break up or stay together. Germany will probably try to take over the world. (That’s not really part of Brexit. It’s just something the Germans like to try every now and then). People will buy gold, because that’s what people do when things happen.
7. WILL OTHER COUNTRIES VOTE TO EXIT, TOO?
That seems doubtful mostly because there’s no cool names to use. France would Frexit. That’s okay, I guess. Germany would Gerexit. No good–sounds too much like Jurassic and they don’t want litigation with Steven Spielberg. Spain with the Spexit? Nah. The names for the other countries are equally uninspiring. They’ll all have to stay put.
8. HOW DOES THIS AFFECT AMERICA?
Ah, this is perhaps the most important question. The immediate effect was twofold: 1) the stock market dropped sharply; and 2) millions of Americans went on-line to find out what Brexit means. I was told by three people that the stock market would drop at least 20% in the next week and that it would take years to recover. It dropped a few percentage points and recovered in a week. So, I guess you never know about Brexit. I’ve been told that it’s a sad time for Anglophiles (who, by the way, are not people with sexual interest in geometry). The dollar is now worth more in England, which would be great if they sold anything I like. It might be a good time to hire a butler or a chambermaid on the cheap.
9. WHAT HAPPENS TO THE EURO?
The Euro, of course, is the EU’s weird-ass money. I guess Euros are kind of like dollars but with pictures of foreigners on them. Get this–England doesn’t even use the Euro. Why are they bitching? They still use pounds and shillings and farthings and quid and other dubious forms of currency. Regardless, the Euro will most certainly be affected, more or less, to some not inconsiderable extent. It definitely bears watching.
10. WHAT DOES THE FUTURE HOLD?
The future is a frightening place, full of great possibilities and even greater dangers. Your greatest failures always lie there. I am a male in my 50s. With rare exception, people my age view the future through a prism of despair. The world is falling apart, young people are useless and the future is bleak. In another, they have become their parents.
Things will happen. People will claim to have predicted these things. Blame will be assigned and credit taken. As the old song goes, “There’ll always be an England.”