"A politico-economic union of 28 member states that are located primarily in Europe with an estimated population of over 508 million. It operates through a hybrid system of supranational and international decision making unions. The EU has developed an internal single market through a standardized system of laws that apply in all member states."
In short before you read the link below explaining the implication of BREXIT I will give you a brief summary -- VERY BRIEF -- because I loathe statistics and hate anything with a number in it. Yes, hating numbers puts me at a distinct evolutionary disadvantage which is why I have not made a gazillion bucks on Wall Street but remain safely behind my computer. I digress.
In essence, as I understand it, BREXIT is a vote that will be taken next week in Britain as to whether they want to leave the European Union or not. You may be wondering why the US should care. Trust me (or not) it should. The vote on BREXIT could have profound implications for the US economy especially for all those who have a vested interest in Wall Street and their 401Ks even for those who do not our economy and the world's economy could tank. We all remember the 2007 Great Recession and historically the 1929 Great Depression. We do not, I suspect, want to revisit either.
Britain is a divided nation on many issues especially immigration--sound familiar? On BREXIT the polls are neck and neck. It should be a no brainer that Britain should not leave the EU BUT they have their rightwingnut nationalists too as we have Trump a/k/a Small Hands Drumpf. Yes, sad but true because the real losers in this will be the little guy like most of us.
The division on BREXIT in Britain has taken a violent turn as a right wingnut nationalist Cretan killed a British Labour (yes, that's how they spell it) member of Parliament, Jo Cox. She was a humanitarian and beloved political figure who was against BREXIT. She was killed by a white racist white nationalist who yelled "Britain first" and also who surprisingly (or not) took instruction from the American National Alliance, an American neo Nazi hate group. My opinion, of course, is that Britain should NOT take a page from our explosive political book but should leave well enough alone and remain in the European Union. But what do I know? Read the link below if you want a professional assessment of this issue and how it applies to you. Then go to your broker or retirement expert specialist and ask for their opinion.
Now we not only have to worry about our crackpot rightwingnut politics we have to worry about Britain's too? Maybe I should have entitled this "Back to Prozac Nation. Stop the world I want to get off!"
WE ARE ALL IN THIS TOGETHER. MAKE DARN WELL SURE THE NOXIOUS RIGHT WINGNUT NATIONALIST TRUMP GETS NOWHERE NEAR THE POLITICAL POWER OF THE PRESIDENCY. VOTE DEMOCRAT UP AND DOWN TICKET.