 So, as all of us know, I mean, Brexit was voted on last year by the British public. It won a majority, the idea of the United Kingdom, leaving the European Union. The exact nature of what that leaving meant was unclear. Let's for a minute talk about what being a member of the European Union means for the UK. What it means is free movement of capital, free movement of goods, and free movement of labor. So you can work anywhere in the European Union, you can export imports, anything from one place in the European Union to another place in the European Union, and you can transfer finances and money and capital across borders without restriction among the European Union. Unfortunately, as part of that deal comes also a deal that has to do with regulation. So the idea was that if we're going to move products from country to country, well, what about the fact that some countries have different regulations than other countries? About the quality of the products, about the components of the products, about the way labor is treated in any particular country. So unfortunately, in addition to all this standardization around free movement of capital labor and goods, which I am a hundred percent for, I think the European Union from the perspective of freedom of movement of capital labor and goods is a fantastic institution. Unfortunately, in order to so-called synchronize all these countries, what the European Union has done is it imposes a centrally established in Brussels in the capital of the European Union standards of regulation over all of the countries that are members in the European Union. And of course, that wouldn't be bad if the European Union was dominated by pro-free market capitalist political parties that believed in no or minimal regulations and pretty loose standards that leave it up to the markets and consumers to determine what goods to buy or sell. And free labor markets where internal labor markets are not regulated. So if they imposed free markets on the entirety of Europe, if they imposed low regulation on the entirety of Europe, I wouldn't be complaining. But of course, that's not the case. The European Union is dominated by a bureaucratic, status, central planning mindset that wants to control and dominate all the aspects of the local economies that are now part of this European Union. So in addition to the good stuff for the movement of capital labor and goods, what you also have is the imposition of regulations, of controls, of a legal system, of a court system within European courts that is anti-freedom, that is anti-markets, that is anti-capitalist. So now the Brits, I guess the Brits decided last year that they wanted out of this arrangement. Now the real question is, what was it about this arrangement that caused them to want out? Because it's the free movement of labor. There's a lot of complaints in England about Eastern Europeans coming into the UK and taking a lot of jobs and providing low-cost labor, if you will, and just being Eastern Europeans and not being Brits. Of course, there's a whole wrapped up in this is the whole Muslim migration issue, which if the Muslim migrants get into Germany and achieve legal residency in Germany, which is very lax about these things. Then they can easily go into the UK because again, there's a free movement of labor. So anybody who is a legal citizen, legal resident even, of Germany can also go into, can easily go into the UK. So there was an objection to immigration, so that was one. Was it opposition to free trade that motivated the Brits? Was it the idea of sovereignty control over their own country, but sovereignty for the purpose of what? For the purpose of establishing freedom, or for the purpose of establishing wars? What was the purpose of sovereignty? What was the goal of sovereignty? Was the purpose, as many of my free market friends who voted for Brexit said that the real purpose was to get... So the question was why was Brexit happening? What was the purpose of those who voted for it? At the time I said, I'm for Brexit if the purpose of Brexit is to bring about greater freedom. If the purpose of Brexit is to allow the United Kingdom, for example, to get rid of all the burdens and regulations imposed on it by the European Union, if the purpose of Brexit is to allow the UK to establish free trade with other countries around the world, like the UK, like China, like other parts of Asia, like Africa, like whoever, right? Because right now, if being a part of the EU, only the EU can set trade policy outside of the EU. So sovereignty would allow the UK, leaving Brexit would allow the UK to actually set its own trade policies. It would allow the UK to now have free trade with the rest of the world and would a deal for Brexit include free trade with Europe itself. Because I think that's a huge benefit for the UK. I would actually have liked to have seen my ideal Brexit deal would have been free trade with Europe, free movement of capital with Europe, free labor movement with Europe. Now the Europeans might not have agreed to this, but that's what I would ideally done. And if the Europeans had not agreed with it, what I would have done if I were running England and if I had, I guess, a dictatorial power because I don't think the British would go with this, is I would unilaterally have left the European Union. I would have lowered tariffs to zero. I would have allowed immigrants to come in from people who had a job. So a free movement of labor and free movement of capital. So I would have allowed from my end, everything. I told the European Union, hey, I'd like you to lower your tariffs with us to zero as well. I'd like you to allow bids to come over to Europe. I'd like you to allow our capital to flow to you. But whatever the case, we are going to allow those freedoms. Then I would have gone out to the rest of the world and established free trade agreements with as many countries as possible. I also would have abandoned all the EU regulations and started lowering regulations within the UK and slowly eliminating them. Now that, obviously, would be me, right? I don't think that's what the British people actually want, unfortunately. And in that sense, I'm not sure Brexit is a good thing because I'm not sure what the British people want. Now what did Theresa May get? Not much. No autonomy to establish free trade deals with other countries. The England will stay a part of what's called the Custom Union. So you will have free movement of goods and probably free movement of capital. But also means that the UK cannot cut free trade deals with anybody else. It only gets that free trade with Europe. But as part of this Customs Union, the UK will have to enforce all the European Union's regulatory regime. So all the parts of the European Union's regulations that are what I find offensive, what I think are horrific, what I think was the whole purpose of getting rid of Brexit was to get rid of those regulations. Theresa May has adopted them all into the Brexit deal. Now, in addition to that, there's this massive complication about Northern Ireland. I don't know how much details you guys are interested in. But Northern Ireland, right? Northern Ireland is this place that still has, you know, it's still part of the UK. Many of the people in Northern Ireland would like to be part of Ireland. But it's the whole Catholic Protestant thing. You know, Ireland is a Catholic country, at least was nominally. It seems now that it's approved abortion and it has divorce. And, you know, it seems to have moved away from even self-identified as Catholic. But in the north, there are Protestants and Catholics. And for the most part, the Protestants have not wanted to be part of Ireland. But Northern Ireland also doesn't want suddenly to be a border between Ireland and Northern Ireland, where you have to check passports and where you where there's no free immigration in and out of free movement of people in and out, where they are now customs, where there's now tariffs, where there's now all these regulations that control movement. So there is a big issue on how to solve this island thing. On the one hand, they're part of the UK. On the other hand, I think the solution is, I mean, my view, the solution is, give Northern Ireland to the Irish. I mean, Ireland now is maybe the economically freest country in Europe, with exception, maybe of Switzerland. Ireland is maybe second most free country in Europe. Maybe it's even freer than Switzerland. I've talked about this before, per capita GDP in Ireland on a purchasing power parity, that is, if you control for cost of living, is actually higher than Switzerland. So the best place in the world, the best place in Europe to live today is Ireland. So whereas before, I think Northern Ireland didn't want to join Ireland because Ireland, you know, abortion was banned and divorce was banned. And they were generally very Catholic and statist and controlling and fairly socialist. Now abortion is legal, divorce is legal, Catholicism has kind of been put to the side and they have the freest economy in Europe. So I maybe, how about this? Here's blasphemy. Here's real blasphemy. I mean, if you guys, if anybody listening is, lives in the UK, plug your ears, don't listen to this. Maybe Ireland should take over the whole of the UK. Because I think Ireland has better economic policies today than the UK does. I think there's more freedom, more economic freedom today. I think if you look at the economic freedom index, Ireland is ranked above the United Kingdom. So why not have Ireland take over the UK? I mean, there'd be certain historical justice there, maybe. And anyway, forget that. That ain't happening ever, ever. Remember nationalism? The Brits would never, never, never agree to that. But it's time to get rid of this Protestant Catholic identity. It's time to throw. I mean, that's so non-European. One of the virtues of Europe is their secularism. Get rid of all that nonsense identity. Yeah, we've got other people here. My chat is exploding with people horrified by the idea that Ireland would rule over Britain. That's right. Completely rational. This is the nationalism, right? This is the problem in Europe, and this is the problem in the world. What differences would make? What's matters is, are you free or are you not? What matters? What does it matter? Who's an ethnic group that happens to be participating in the government happens to be? All that matters is, are you free or are you not? And don't you want to be more free than less free? Anyway, the deal that it is, is that Theresa May has brought is exactly the deal that I predicted when Brexit happened. Go back to my shows from a year ago, when I talked about Brexit, when I predicted what would happen, I predicted that the UK would get the worst of all worlds that would get all the regulations, less freedom, no control over its own destiny. But it would pretend that it was separate from the EU. And that's what they're getting. Now, my hope is that Parliament turns down this Brexit deal. For now, by law, the UK separates from Europe, March 29. I think it's March 29. My hope is there is no deal that the UK, basically what is called has a hard Brexit. And that as part of that hard Brexit, it does what I suggested it do, that it lowest regulations, lowest tariffs to zero establishes itself as an island, as an island of free trade, as an island of capitalism. I mean, wow, that would be so cool. Now, it's not going to happen because the people in England and in the UK don't want it to happen. But imagine, imagine, right? If you lowered the tariffs, you lowered the rest, you lower tariffs, you lowered the regulations. And, and, and you told the world we're open for trading. We're open for business. We have zero tariffs with everybody. We have zero tariffs with China. We have zero tariffs with the United States. We are going to become what we were in the 19th century. We are going to become the trading nation that we were in the 19th century, we became as rich as we did. We are going to become the leaders in the world, in capitalism and in trade. We are going to adopt the motto we gave Hong Kong when we took control of Hong Kong a hundred and something years ago. We can adopt that at home because you know what? It worked really, really good for the colony. It worked really, really good for Hong Kong. So we're going to adopt it here. Imagine. Imagine, oh, you know, anyway, that's a John Lennon's imagine a little different than my imagine. But, um, yeah, somebody says most your skeptics want that you're on. No, they don't give me a break. Your skeptics do not want zero tariffs with the rest of the world. You most your skeptics are a lot of your skeptics are much more like Donald Trump wants tariffs with the rest of the world. Your skeptics want to keep out people. Your skeptics do not believe in capitalism. I know very few your skeptics who actually believe in capitalism, actually believe in Hong Kong. They want their own status controls. They just don't want Brussels to control the status controls that they impose on their own people. They want to impose the status control on their own people. Now, if Daniel Hannon was running things, then. Yeah, Daniel Hannon, I think agrees with much of what of what I argue, right? But Danny Hannon is not running things down. You have and it does not have control and power, right? Freedom, right? Freedom is what matters, not the ethnic group that you associate with, not the so-called cultural heritage of whatever you have culture changes. Some cultures are good. Some cultures are bad. What you want to is to keep all the good and get rid of the bad. And that doesn't come with genes that comes with ideas. So I would love to see Brexit done right. And it might get close to being done right just because of the hard Brexit won't give people much of a choice, but I still think they will do a lot less right than they expect that I would want. I still think they're going to screw it up. You know, yeah, there are a lot of a lot of the intellectual leaders of the of the Brexit movement, like like Mog and Hannon would love to see a free market, but they are the minority. They are the minority within their party. They are the minority among the British people. They are a minority, even among those who voted for Brexit. Most people who voted for Brexit. Most of the cab drivers, the taxi drivers in London that I talked to who voted for Brexit did not vote for Brexit in order to make the United Kingdom a laissez-faire capitalist country. A few people in in maybe political leadership positions who don't really have much leadership because they don't have much control over their political party want that, but are they going to get it? They're not. I wish I wish they did. I wish they did. And I don't believe Faraj wants any of that. Faraj is much more of a nationalist than he is a free market type. He has very little trust or belief in in the free markets or would advocate or would propose true free market reforms. It's much more about the nationalism and the, again, ethnic identity of those who are part of it. So I hope no deal Brexit is what happens. I think given the alternatives right now, that is the best alternative. I still think no deal Brexit, they will screw it up royally. And by the way, no deal Brexit. There is in one category, the United Kingdom will lose and lose big time. And that is the category of free trade with Europe. The free trade with Europe is a massive benefit to the UK. It's a massive benefit to Europe as well. Free trade with Europe, free movement of capital and free movement of labor is a massive benefit for both Europe and the United Kingdom. To the extent that that goes away as part of a no deal Brexit. That is not good. But if the European Union will only have free trade on their conditions, which means regulations imposed on Britain. Then, of course, the United Kingdom cannot accept that. Then what I proposed, which will not happen, but what I propose is unilaterally the United Kingdom lower tariffs to zero with the rest of Europe and allow free movement of capital and so on. So there I am. I've heard for speak many times. I'm just a spawning, I guess, to circumvent. I've heard for Raj, who led UKIP, who was who was the main force behind behind the movement towards Brexit. I've heard him speak many times and he is no libertarian. There's no lover of free markets. And I think that's why Caswell, who was a member of UKIP, ultimately left UKIP because while Caswell was a free market here, he realized that UKIP was not a political party dedicated to free markets. All right. Well, you know, I think that I think that it's going to be an interesting few months as we approach Brexit. I think I think the way it's going to be done will probably do some harm to the British economy. I think it's going to do harm to British culture, to British morale, to a lot of what happens in the Great Britain. I hope I hope what happens is is beneficial.