LAS VEGAS, June 25, 2016 /PRNewswire-USNewswire/
-- Wall Street and global markets tanked after British
citizens surprised the odds makers and voted to leave the European
Union (EU). Mark Skousen, economist and producer of
FreedomFest said this of the UK decision, "This political and
economic earthquake could have repercussions for years, and should
not be dismissed lightly. It sends an important message to our
government officials, and has major significance on our own
elections in the U.S.."
Will this landmark action result in more nationalism and
protectionism at a time when the global economy is vulnerable?
Or, will the EU pursue entitlement, tax and regulatory reform,
and liberalize its markets instead of protecting them? What impact
will the UK political bombshell have on United States elections?
These questions and more will be answered during FreedomFest,
the "largest gathering of free minds," July
13-17 at Planet Hollywood in Las
Vegas. FreedomFest has added an "in-depth" report and
discussion on the topic to its lineup, "Brexit and the Future of
the Global Economy, the Markets and the Political Landscape." All
of your favorite financial gurus including Alex Green, Keith
Fitz-Gerald, Peter Schiff,
Bert Dohmen, Adrian Day, Bill
Bonner, Steve Moore, and
Grover Norquist are featured
speakers.
When Steve Forbes says, "Join me
at FreedomFest, where the best ideas and strategies are fleshed
out," he's serious! FreedomFest is the ONLY conference
that Forbes attends for the entire three days. However, Forbes is
not alone as John Mackey, CEO of
Whole Foods Market, also attends. Mackey is currently in the UK
visiting his stores and will provide FreedomFest attendees with his
impressions and analysis.
FreedomFest is proudly featuring 250 speakers and welcomes the
1,500 attendees who are already registered, with three weeks still
to go before show time.
While the action in the UK is creating uncertainty, FreedomFest
is sure to inform and inspire. Skousen says that the most important
lesson to take from the UK vote is that the EU overstepped its
bounds and engaged in excessive taxation, regulation and political
tyranny and is now paying the price with additional consequences
possibly lurking in the horizon. Skousen warns this could signal
the beginning of the end of the EU, which Milton Friedman predicted.
Concerns over uncontrolled immigration, loss of sovereignty and
remote rule from Brussels appear
to trump the economic risks of exit for voters in the UK.
Similarly, Donald Trump and
Bernie Sanders have hit a cord with
Americans who also feel disenfranchised by a remote and
unresponsive government imposing excessive taxation, regulation and
entitlements on them.
Skousen stated, "Neither Trump nor Sanders have the best
solutions to the problem, but they know how to reflect American
anger. The danger is that Trump and Sanders -- like the EU
scaremongers -- will feed too much on nationalism and protectionism
at a time of slow growth around the globe. That's what happened in
the early 1930s with the passage of the protectionist Smoot-Hawley
tariff, which exacerbated the Great Depression." Clearly, the
global community is entering a new era of political and economic
instability, and it's hard to say what the end result will
be.
About FreedomFest: Started in 2002 as the national
convention of the Foundation for Economic Education, FreedomFest
has evolved into the signature networking event for American
innovators, entrepreneurs, business leaders, investors and even
filmmakers. FreedomFest is produced by Mark
and Jo Ann Skousen. Mark is an economist and author,
currently a Presidential Fellow at Chapman
University and longtime editor of Forecasts &
Strategies. Jo Ann teaches English literature at Chapman University and Sing Sing, and is
the founding director of the Anthem Film Festival.
To interview Mark or Jo Ann
Skousen contact FreedomFest's media relations coordinator,
Amy Coombs, at 1-801-404-2627 or via
email at amy@prestigegov.com. Press passes are available. For more
information go to www.freedomfest.com or call 1-855-850-FREE (3733)
Ext. 202. Use special code SALEM (all caps) to get $100 off the registration fee.
Video - https://www.youtube.com/watch?v=GiJ15hoUJBU
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SOURCE FreedomFest