June 23, 2016 will be known as a decisive day for the voters in Great Britain that will dramatically alter the path the country will take as an international power. That guy up there with the beer is London's ex-Mayor and may be Great Britain's new prime minister responsible for leading his country's two-year march out of the European Union. As part of the "Inner Six" nations that founded the EU in 1951, Great Britain has played a crucial role in the development of Europe as an independent, standardized, and thriving economy. As a result of the aforementioned referendum, Great Britain will be required to negotiate brand new laws and regulations that govern trade relationships with nations inside and outside of the EU.

Dan Hannan, a British politician and member of the European Parliament, summarizes the sentiment among the members of the British parliament who support leaving the European Union. Hannan claims that by leveraging Great Britain's economic power the country will grow out of the sudden economic downturn by re-negotiating trade deals with the European Union so that they are favorable to domestic interests, rather than being tied down by the standardized regulation that rules the Union. This concept may be supported by his claim that Great Britain runs a trade deficit with the EU and a trade surplus with the rest of the world. He implies that a restructuring of trade relationships and immigration policy is advantageous for the country.

However, the alarm that stormed through international trading markets across the globe causing two trillion dollars of asset value to disappear in one day forces international investors to reevaluate the political paradigm shift that may decide the economic future of Great Britain and Europe. Investors had one day to decide the fate of the British pound and it did not end favorable for the British. Countries involved in the EU have begun to consider the feedback from the international investors.

Countries across Europe will likely consider an EU exit under the idea that they would have more freedom to develop domestically favorable policies. Many political platforms across Europe have been interested in exploring alternative possibilities for immigration reform as well as trade relationships. If countries begin to take on the isolationist perspective they will begin to compete with each other for favorable trade agreements, however, these agreements may come with a catch. If the new trade agreements bring rise to a new generation of import tariffs, each country in Europe may end up paying top dollar to export their goods as a result of the increased competition and decrease of economic integration. If every country in Europe was suddenly competing against one another for trading privileges with other countries, many industries in countries lacking competitive markets may struggle to compete. Potentially initiating a slippery slope of falling economies.

The United States has many international trading interests in Europe. The ability for Europe to afford US exports has long been crucial to the survival of many American companies, and this trading luxury may be at risk.

Throughout the economic history of the world there is one common idea that laissez-faire free market capitalists have over conservative isolationists: integrated markets via international trade agreements have allowed counties of close proximity to flourish as trading partners by leveraging their economic power on a global scale. The United States has been a direct beneficiary to deregulated international trade as we are able to employ countries with cheap labor to produce our labor-intensive products, which keeps prices low on home soil. This concept will make or break the future of Britain. If the new trade relationships that come in wake of the referendum start costing Britain more than they are saving, the country could fall into a deep recession similar to what the United States' experienced at the start of 2008, or worse. Many international banks including American powerhouse's JPMorgan and Goldman Sach's are insisting on leaving London in response to the Brexit, and if there's any insider opinion to be considered the big bank's departure should speak for itself.

British government administrators and representatives that have held pro-EU stances resigned in the middle of the uncertainty over the past few days. The resignation of Prime Minister David Cameron at center stage has captured headlines, but the resignation of Great Britain's commissioner for financial stability in the EU may be more telling of the political atmosphere. Jonathan Hill stresses his frustrations saying "I came to Brussels as someone who had campaigned against Britain joining the euro and who was skeptical about Europe. I will leave it certain that, despite its frustrations, our membership was good for our place in the world and good for our economy."

Isolationist rhetoric exists on American soil and is coming from the mouth of the outspoken conservative candidate for president. Lurking behind the claims to "make America great again" are suggestions that the United States will pull out of major international trade agreements if he is elected president. At center stage of the pacific trade theater is the Trans-Pacific Partnership in charge of governing trade regulation that affects prices, currencies, and the industries of twelve pacific countries including China and the United States. Unsurprisingly, Donald Trump has capitalized and cashed in on the referendum congratulating Great Britain saying, "basically, they took their country back." Ironically, he made this statement in Scotland who was in support of remaining in the EU 55% to 45%. Donald Trump as well as the majority of British voters believe that stopping immigration and starting over trade relationships will be good in the long-run as many of the common nativist rhetoric suggests.

Exchanges all across the globe reacted and adjusted to the sudden change in Great Britain's dominant economic and political ideology. The investors have spoken and the ruling does not look good for the British pound which hit its lowest level since 1985. The people of Great Britain have always been resilient in tough times, so let's hope that the global community can contribute in restructuring healthy trading relationships

Postscript

As for us Americans there's nothing to be overly concerned about for now unless some banks in Europe go under next week. President Obama has stated that the United States will continue its healthy relationship with Great Britain despite their financial troubles, while our globally minded investors and entrepreneurs are likely going to capitalize on cheap exports that will begin to come from the country. Hats off to the exchange market robin hoods who capitalized off of the two trillion dollar loss on the markets on Friday. Hopefully that capital ends up back in the domestic economy.

Also I have a note for English football fanatics. The Barclay's premier league will likely have troubles making transfers this summer as a result of the British pound tumbling down a cliff on Friday. As a Gunners fan I am happy that our main target is Leicester's Jamie Vardy who already plays within the country.