It was sitting at the petrol station last Friday night that we first heard the news of Britain exiting the European Union with a vote 52% to 48%.
We had exited out from here during the school holidays to learn to surf which was on our bucket list.
We had heard & read of no news whatsoever as our idyllic spot had no TV due to the ‘dysfunctional’ family who had inherited it. [We wondered about the estate plan that had happened.]
On this hideaway spot was a mandarin tree in full fruit which happens in midwinter to keep the scurvy away as James Cook realised 200 years ago. he fruit was enjoyed by some careful harvesting via a rake & bin.
So we read today on our return exactly what we had concluded & in fact suggested after the recent horrible Orlando event.
While Brexit exposed the seething tensions within the EU, Italy’s plight is a challenge much closer to its core.
As was seen with Greece, when it was threatening a “Grexit”, the EU can find ways to bend its rules when it has to, which is no doubt what Renzi hopes to convince Brussels to do.
If he fails, the prospect of Italy opting out of the EU, a far more complex exercise than that facing the UK given Italy is part of the eurozone, would become more real.
The plight of Italy, however, underscores how difficult it might be to hold together an uneasy and increasingly fractious union, with rules designed by and for its stronger economies, in a post-Brexit environment where the EU is even more dominated by its most powerful member, Germany. Read moreAustralian 29/6/2016
And again
Politicians beware: listen to the voters who vote you in or be prepared to be kicked where it really hurts.
They sold them down the river by failing to regulate banks and rating agencies before the GFC;
by posing as saviours of the world’s climate using taxpayers’ money; by posing as saviours of the world’s poor using taxpayers’ money;
by refusing to control borders; and,
by selling out the finest system of law in the world.
Elites were happy to take the plaudits of the Europe project and the jobs that came with it, but they were wilfully blind to euro public finance corruption, timidity in the face of unfettered migration, open access to benefits and naive acceptance of illiberal mores.
Brexit was a magnificent repudiation of these betrayals. Read more
And elsewhere
Overwhelmingly, the people who voted "Leave" in the referendum were guided by how they felt about themselves; their community; and their nation.
And these feelings, like just about everything else in politics, were driven by issues of power and control.
Do you feel in control of your life? Do you feel in control of your community? Do you feel in control of your country?
Do you feel in control of your future? Who has power over you? Who do you exercise power over?
To those whose employment is both precarious and/or oppressive, the sense of being in control of one's life is weak.
The sense of being at the mercy of others, on the other hand, is very strong. read more
And again
longer-term trend that people in Australia are angry like in the UK and US about the political class letting them down." Read more
and
Because the same antiestablishment anger that led to the Brexit vote is growing in other EU countries… here in the U.S… and around the world. Read more
Our conclusion is that the Mandarins have been picked & have had their day & now it is time as it is after the harvest to prune seriously prune.
It is time to spit out the pips & peel the Mandarins who don’t allow us the fruits of our endeavours.!!!
We must add that we had the best value in Australia at reef2Beach where Grom & Tony & JD provide 3hours surfing instruction for $17. How good is that! Thanx guys.
Our conclusion is that they want to leave a legacy that is surfing is a splash & all should have the opportunity to learn & enjoy. It is about the legacy & not the money.
Can the Mandarins here or anywhere say that they have left such a legacy?
Not when we read this ‘a tax hit of $700 million a year from 2017’ Read more
Do they have a better use than you? Do you really want to pay for our education & health?
As we suggested to Scott* today this in fact Brexit is all good in the long run. We are not unhappy.
We were watching Wimbledon on The Big Serve last night & listened to Nick Bollettieri the coach of Andre Agassi & Maria Sharapova who commented that coaches make the small changes that others can’t see.
It was when the young travel agent was engrossed in a 1500 piece jigsaw at our hideaway that Deanna arrived & demonstrated that by selecting the shapes of the pieces first that ‘she is 10 times faster’.
I.e. there is often another way to complete the puzzle.
However as Humphrey explains British participation in the European Economic Community will anything change? This is Superb! Not long and I loved it! CC
Of course will Brexit be ‘trumped’ in November??
We do have multiple articles from fund managers with their views on Brexit if you wish to contact us.
We believe that we can generate significant financial certainty for you throughout our relationship & importantly add substantial value to ensuring you achieve all that is important & valuable to you as you have articulated to us.
If we were to sit down in three years time & looked back what do we need to do today so that you are financially & personally better off & happier.
As others do, including our accountant wanting 1m life cover this week call us on 07 3848 1088 or This email address is being protected from spambots. You need JavaScript enabled to view it. or visit our websites.
John McAuliffe
