Brexit repercussions.

Now to the impact of Britons exit from the EU.  Obviously if you watched the news then you saw that the stock market tanked.  So our 401k's, stocks and anything that relies on the stock market lost a lot of money.  So oops, British citizens just screwed a lot of people.  

With the British pound no longer supporting the Euro, Americas money just gained value.  In short, Americas Dollar can buy nearly any foreign goods on the cheap.  However, this makes American produced goods more expensive as they now will need more American money to produce.  As you can see the value of money is not fixed and can causes prices to fluctuate massively and alter the dynamics of international trade.  Something a single vote just made happen.  

Another major impact is that President Obama has stated in his reactionary speech that he will put preference on trading with the rest of the EU and its larger economic block and its trade rules rather than trade with Britain.  Economically it makes sense as the EU and its trade rules give America and other countries access to trade with 26 nations rather than Britain which is a smaller market.  

Additionally, Scotland and Northern Ireland are going to be holding their own referendums to become independent from the rest of Britain.  With more than 60% of Scotland voting to stay in the European Union it seems likely that Scotland will leave Britain behind and then rejoin the EU as an independent country.  Northern Ireland on the other hand may reunite with the rest of Ireland and thus be part of the EU once again as well or join as an independent State as well.  This leaves England and Whales as the only remaining members of Britain save a few foreign territories.  

And finally, David Cameron, the Prime Minister of Great Britain has resigned.  He pinned his leadership on the outcome of this election and he lost.  Now Great Britain, or what soon will remain of it, will get a new leader and thus world relationships will change as the men and women set to potentially take power in Britain are much more conservative and nationalistic.  It would not be surprising if Britain turns toward Russia, another country embracing its nationalism, as it seems the rest of the world is marginalizing Britain in the wake of this vote (my opinion).

Final Thought:  This is going to be interesting.  If Britain can eject themselves from the EU, then so can others.  But, at the same time it means there is a power vacuum in Europe and other nations may try to seize some power.  Also, other countries in Europe have issues with national identity which may cause countries like Belgium and Spain to break up into smaller countries as they embrace regional nationalism.  Some analysts believe that this nationalistic fervor is a reaction to Islamic nationalism.  But I disagree.  I think it is deeply rooted in age old identities that have been smoldering for years.  As to whether this leads to the EU's collapse or not cannot be determined, or it could instead lead to it solidifying instead and making it that much stronger.