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Schmidt Fantastic news, mother and child seem to be doing well so that's a great thing. The whole world seemed to pause when the birth was announced, and again when the child was shown to the world, and will again when the name is announced. Maybe soon the world can get back to normal, then again the royal birth has reduced Zimmerman verdict hate coverage so that's a positive thing.
I'm happy for the entire British nation and you are right that most Brits adore their royals. Most of them, or at least many of them. To a point.
I also lived in England (not a long as you and not in London, thankfully) and I can tell you that many of the British do not love their royals as much as you seem to think they do. Many of them do, absolutely, possibly even the majority. But many of them will say they do but then after they get to know us "colonials" they will let us know that they really do think that the royal family are a bit overpaid. A bit of a strain on an economy that is already struggling.
I can't speak for the folks you knew in London, but of the many locals that I knew and worked with and lived around for years, many of them would tell you their real feelings, but only after they knew you and trusted you as a co-worker, not a tourist. And many of them would never say it around their fellow Brits. They were fans of their royals only outwardly.
And about the positive economic impact of the royals: Many of them believe as you do, that they are a positive...and many have a different opinion.
They love their royals...mostly.