Being the Holiday Weekend just finished, it seems fitting to add a little U.S. patriotic bit. Did you know that there was another Brexit long before this June 2016 one? See below write-up from PULSE Options Weekly Newsletter – by Chris Verhaegh
"Monday is the 240th anniversary of the first “Brexit”, the day the American Colonies declared their Independence from Great Britain (more commonly known as the “4th of July”). The US Stock Markets & Option Exchanges are closed as Americans celebrate with Parades, Fireworks and Cookouts.
While they may not know it, the rest the world is celebrating as well. Think about this, before the United States came into existence all the countries/empires of the world were run by a dictator of some sort or another.
Some rulers were born into the position, others took over by force. But basically the entire globe was ruled by just a handful of people/families. It might seem that nothing much has changed, but the Stock Exchanges have allowed millions of people the opportunities to better their financial future.
Think about the Stock Markets. The building of canals, railroads and telegraph lines in the United States were financed by the sale of stock in each enterprise. And while there were obviously capital limitations on who might join the elite by becoming shareholders, there were no social restrictions on who could participate.
While a majority in the USA are watching baseball and eating hot dogs this Monday, the rest of the world should truly celebrate along with us. Because of the markets in the US, they have an opportunity to better themselves. Everyone anywhere who has an opportunity to invest their savings (by being partners in larger enterprises by their ability to buy stock in companies) owe a debt of gratitude to the founding fathers of the United States for creating an environment which makes this all possible."
Martin Luther King Jr. said "Life's most persistent and urgent question is, 'What are you doing for others?'"