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Affluent Investor | May 28, 2017

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Is PM David Cameron Britain’s Version of John Galt?

You can hear the wailing and gnashing of teeth from the capitals of Europe across the pond, and from the White House as well. The Prime Minister of Great Britain, David Cameron, promises to hold a referendum in the near future to allow the British people to make the decision on whether to stay in the European Union. Imagine that, allowing the public to decide. How un-socialist of him.

A majority in the United Kingdom has been uncomfortable for years with the events unfolding in Brussels. Skeptics from the beginning, the U.K. has been correct in assessing the probable outcome of the ever closer union experiment. As I say to my liberal friends — look at the results, not the good intentions.

Close to 70 percent of the laws in the U.K. now come from Brussels. The bureaucracy is bloated and ineffective. Illegal immigrants have poured into Britain, straining its safety net. Power in Brussels is concentrated among unelected, unaccountable bureaucrats (sound familiar?).  The working hours of physicians in British hospitals are now decided on the continent rather than by British medical personnel. The E.U. labor rules are inefficient and will get worse.

Socialism doesn’t work.

Being part of the free trade bloc of the E.U. has been beneficial to Britain. However, the British people do not feel like they have to give up their sovereignty to a big government nightmare regime in order to obtain this preferred trading status among its members. It’s the same state’s rights argument we have had for years in America. There is even talk in London about joining NAFTA.

Of course, the progressive governments of Europe are angry that Cameron is allowing the British people to make their own choice. They feel they can make better decisions than the British people since they are so “enlightened.” Again, sound familiar?

It is breathtakingly clear that the British made the right choice in not becoming part of the common currency experiment. The Pound Sterling has remained strong since the financial crisis. Why should they give more power to the people who brought us that disaster? The Euro will not exist in its current form a decade from now. Why would you want to stay on that sinking ship? Get out now before it’s harder to get out later. Free trade can be obtained without selling your soul.

The French say that if Britain wants to leave, they will roll out the red carpet for them on the way out.

If I were British, I would say, “I’ve always wanted to walk on one of those.”

 

Article originally published on The Brenner Brief.

Born in Georgia and raised in Savannah, Todd spent his early summers in Carp Lake, Michigan listening to the vivid stories of his grandparents recalling their youth in the northern wilderness. Ever since his earliest days, he loved story telling.

Todd left Savannah in 1982 to attend the U.S. Air Force Academy in Colorado Springs, CO where he studied aeronautical engineering. Upon graduation in 1986, he immediately left the Academy for flight school. His initial assignment was flying Combat Search and Rescue helicopters at Elmendorf Air Force Base in Anchorage, Alaska. In the UHAE (Unique Harsh Arctic Environment-pronounced “Yoo Hay” by Alaskans) he flew local rescue missions and was also deployed throughout Asia. During this time he was credited with saving many lives and even more assists. In addition to flying exciting missions, Todd also managed to graduate from the University of Alaska Anchorage with an M.S. in Engineering Management. In 1990 he volunteered for Special Operations and went back to flight school. In 1991 he was assigned to the 20th Special Operations Squadron at Hurlburt Field, FL, flying MH-53J Pave Low helicopters. Immediately he was deployed to Kuwait. Over the next three years he was active in classified missions in support of counterterrorism under the control of the National Command Authority and deployed throughout the world. His customers included SEAL Team Six and Delta Force. He left the Air Force as a Captain in 1994. During this hectic period in his life he found time to write his first novel, The Ultimate Solution which was never published. He did publish an article in the Armed Force’s Journal in 1994 on Special Operations Aviation.

1994 found Todd joining an investment bank and earning a chance to expand his knowledge of his other passion, Finance. During this second career he became highly knowledgeable in Emerging Markets Fixed Income and traveled a great deal internationally with a focus on the Caribbean. He has conducted business in over forty different countries. He became acutely aware of the consequences of economic decisions and their effect on national and economic security.

However, Todd.’s love of storytelling was uncontrollable. He left the financial business in 2011 to write. Currency was published in December of that year. Once he began typing, he never stopped.

Todd lives on a three-hundred year old farm in Connecticut deeded by King George of England with his children.

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