Podcast 520-Bob Davis Podcasts Radio Show-33
Podcast 520-Bob Davis Podcasts Radio Show-33. Heading into the the US Independence Day Holiday. The British Exit Vote Fallout and the potential for a Black Swan event are covered extensively in Podcast 520-Bob Davis Podcasts Radio Show-33 with new original content and excerpts from this week’s podcasts. Oddly enough the ‘mother country’, Great Britain, declared her own independence with the vote to exit the Euro Zone just over a week ago. In an echo of British reaction to the colonies’ declaration of independence in 1776, the unelected suzerains of the European Union were first shocked, then angry. Media reaction to the British vote shifted from hysterical to hostile. Let’s not forget that coverage of the vote did not detail the contours of the issue. There was very little reporting, before the vote, on which trade agreements the UK has with the EU might be effected, the fact that the vote is not binding, or how the UK might invoke the Lisbon Treaty in preparation for an exit. On the business side of the equation, all Americans heard was that the markets were crashing and it would be the end of the world, financially speaking. Slightly more than a week later, markets are recovering as buying opportunities abound. Here’s another example of a situation where the media fails to cover an event, other than to ‘predict’ the outcome of a vote, and then loses its head once an outcome it did not predict, occurs. In this review of the week’s podcast and the week’s news, two segments are devoted to reaction to the British Vote and what it might mean. Some Americans might be surprised to learn that the implications of the British vote aren’t limited just to the UK, but also include countries and people everywhere that feel the heavy weight of government on their backs. A ‘government’ always there to cure all that ails us, never has to explain its incompetence. Maybe this is what voters in Britain might be saying. With all the shouting and screaming and pounding, the telling you want to think, how to act and what you ‘should’ and ‘should not’ do, it might be a good time to take stock and spend some time with your family. How many people have this feeling that another shoe is about to drop. What is the possibility of a Black Swan Event? An historic event with the power to influence politics and society far into the future? Despite all the conspiracy theories about the people in charge maybe the truth is, they really don’t have a clue what they’re doing which is actually pretty frightening? So enjoy your burgers and beer, pretzels and family. If we are on the verge of a major event, we’ll look back on the summer of 2016 as that moment in time before everything changed.