It is amazing how people can convince themselves that what is bad for them is actually a good.

I am no different in that.

While I am very much aware of the health issues that comes with smoking cigars, I am an avid fan of the product. It is good for me? The obvious answer is no. Do I enjoy it? The obvious answer to this is yes otherwise I wouldn't do it. The difference between my smoking a cigar and the people who voted for the Brexit, is in my case, the most damage I will do is to myself. In the case of the Brexit, those who voted for it have started a tsunami that they will not pay for alone but will cost the world in ways that they probably never thought of.

That said, let's project a few things that have a very good chance of coming to pass in the UK because of the Brexit.

The most obvious one and one we can immediately see is the collapse of the British Pound and the fall in the stock exchange. For most people living in Britain, they will say "who cares?" since they are neither invested in the stock market nor are they buying and selling currency. Well, for starters, as far as the stock exchange is concerned, as the value of the stock market collapses, there is a very good chance that the pensions of so many people working for these companies will also take a drastic drop. This is not great news for those who are retiring. Also, as the capital of these companies fall, their ability to borrow to grow will be more costly and thus two things happen. First, people on the low end of the spectrum get fired to allegedly save cost to the company and secondly, these companies stop hiring. So those people who voted for the Brexit because they wanted jobs, have managed to accomplish the complete opposite. This won't show immediately but it will. More importantly, factories will start to close as the European market is now an unsure factor as to whether factories in Britain will still be able to sell their products in Europe because which company in its right mind wants to have a factory in the UK and another somewhere in Europe if the European factory will suffice? As for the currency, with the dramatic drop that the British Pound has suffered versus the other currencies, the immediate affect will be that goods and services in Britain will become more expensive. In order to counter that should the affect of this be strong for the Bank of England, is to raise the interest rate. If that does happen, the cost of home ownership will become that much more expensive for buyers in the UK (outside of London of course where the majority of the big buyers there are not British anyway). Add to that the inflationary pressure of the cost of buying products outside of the UK because of the fall of the Pound and you have a financial disaster of painful proportions in the short term for Britain.

So now we have a country that is under inflationary pressure, companies closing factories thus creating less jobs, more expensive to live in as the Eastern Europeans are asked to leave as they do the job at a far lower price than what the British would do it for, the cost of buying a home becoming that much more expensive and losing all the money that the EU used to pump into Britain. For what? So that Britain can thumb its nose at Europe for not allowing it to call their version of a sausage a sausage (of course I am being sarcastic)?

Well, we are about to see turmoil on a grand scale worldwide for a few weeks to come until the world adjusts to the idea and eventually things settle down. Till then, I am glad I have the Euros (football that is) to watch as God only knows when the old fogies in Britain (and yes they were the majority that voted to leave not the young and smart ones) remembering how great they were in 1966 world cup reminisce about how good it was in their time and vote to leave that as well.