The Brexit thread

[Nordic]

The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europe’s richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.

http://www.bloomberg.com/news/articles/2016-06-24/world-s-400-richest-people-lose-127-billion-on-brexit-chart

OH THE HUMANITY!!!

[Agent Orange Cooper]

ahaha... the carnage! it's too much!

[Nordic]

We should set up a GoFundMe page for these poor suffering people!

[backtoiam]

We should set up a GoFundMe page for these poor suffering people!

They probably already have hundreds and i'm not joking.

[Morty]

Cameron is forced to announce his resignation (a regrettably protracted affair), and Boris Johnson is looking as if he may not really have wanted or expected to win the thing? It's certainly sounding like a victory of sorts for the good guys from my very distant vantage point! I've never understood why rich-with-history european nations wanted to merge their identities with each other in any way, shape or form. The very idea of it being good for the economy implies that all parties shall prosper, therefore there's no need for any merging of identities. Nations can have magnificent trade relations without any need for an EU type body overseeing them.

Security arrangements are another thing altogether. Disband NATO, create a European Treaty Organisation in its place, with the notable presence of Britain and absence of the USA. Normalise relations with Russia, tell the US to take its guns, bombs and soldiers home, and hey presto, the world is a much much better place.

[Iamwhomiam]

Any wagers on the boards as to who will be next to be found hanging from Blackfriars?

[identity]

here's the inimitable Joe Farrell on the result:

Thanks for posting that. Dr. Joe, as usual, hits the nail right on the head.

Next up: Frexit, Iexit, Dexit, Nexit, Spexit, Deuxit, Grexit?

[stefano]

2 trillion dollars lost over night


but when you ain't got nothing you got nothing to loose...so I'm fine

Meh. It was all a dream anyway. A stock ain't worth a damn untll you sell it.

And the market was gonna crash anyway.

No, what we have here is a buying opportunity.

Well said!

I hate when the media acts like real money evaporated into thin air. What actually happened is people are now simply unwilling to fork over as much of their real money for stocks as they were previously. But the real money they would have spent is still in their pockets, it hasn't gone anywhere. No actual money disappeared. The supply/demand equation just got tweaked a bit (less demand).

That's not what that refers to. The UK's GDP, in dollars, has shrunk by a lot owing to the pound's slide. In fact France overtook Britain as the world's 5th-largest economy yesterday. A weak currency is a Good Thing in some ways, and it is what Leavers want - it benefits people who work in manufacturing and agriculture, for instance. But it's to the disadvantage of people who like to travel.

A stock market collapse does actually have serious consequences in that it reduces pensions and savings.

[stefano]

I'm stunned, stunned at the prevailing opinion (programming) I'm seeing everywhere that this is a horrible thing and the world as we know it will be coming to an end. since when was the EU some sanctified bastion of common sense and decency? no folks, it's a globalist conglomerate of fascist oligarchs who want to start WW3, always has been.

No it isn't. I put it to you that all the wars EU countries have been involved in have been launched outside EU structures, usually through NATO but sometimes (Libya) in a more casual multilateral arrangement with the US. In fact the EU, politically, owes a lot to suspicion on the part of the Germans and the French in the 1950s that the Brits and the Yanks would decide not to defend them against a Soviet attack, but that's not important right now. The US and UK, in collusion, are much more belligerent than the rest of the EU combined, even counting French operations in Africa, and maybe the new arrangement will tend to facilitate that.

You're right that the EU is a globalist conglomerate, though, and this is a reaction to that.

As for that it is a horrible thing - there are winners and losers, as with any big thing. It's good, overall, that some decision-making power will move back to Britain from Brussels. And a weaker pound will help some. But I doubt that any real protectionism will be economically possible. The real impact will be on the movement of people, so conservative English people who don't like immigrants are happy, while those (typically younger people) who think it might be nice to go work or study in Spain or France for a bit, aren't.

[Morty]

Many a slip twixt the cup and the lip. Brexit is far from being a done deal. (Maybe backing out of it after the fact is easier than rigging the voting to get the right result in the first place?)


http://sputniknews.com/europe/20160624/ ... rship.html

UK voters who wished to remain in the European Union started a petition for a second referendum on this issue to be held in the United Kingdom, media reported Friday.

MOSCOW (Sputnik) — The petition is proving so popular it is difficult to access the UK parliament website where the petition was launched.

Almost 105,000 people have already signed it. All petitions that receive over 100,000 signatures must be considered by the UK parliament.

The petition calls on the government to hold another EU membership referendum, using the rule under which it is possible to put the motion to the public again if neither of the camps obtains over 60 percent of the vote and the turnout is below 75 percent.

On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it. The turnout stood at 72.2 percent.

[KUAN]

.
The queen's in favour of leaving

[82_28]

(Sorry, Stefano. I left out South Africa as an English speaking country. Just thought of that.)

[82_28]

It would definitely be more complex to break away from the US and create a new country called "Cascadia" which includes BC. But it has been talked about for years. Basically just idle speculation and idealism. Hell, I'd vote in favor of adios America.



http://www.cascadianow.org/

It'll never happen in my lifetime (unless it does) there's just too many military bases and shit.

[coffin_dodger]

It has become increasingly apparant, especially to those that voted for exit, that a monumental fuck-up has taken place.

Scotland, and now London, are distancing themselves from this clusterfuck, that has seen a sleepwalking 50% of the populace that are racist but don't even realise it led to disaster by Conservative Boris Johnson and UKIP Nigel Farage. There is some comfort in knowing that these men are now so reviled by the majority of the British public that neither of them will ever see public office again.

We have entered strange times. Good luck to everyone here from the UK.

[82_28]

So. A question for the inhabitants of Albion. What is the right way to refer to the state? UK, Great Britain, England?