Brexit or Britain Stronger?

[jeanvaljean]

European stock markets in free fall, some down in double digits.

stox.jpg

[Pinsir]

Looks like some people are having a field day!

http://www.wehuntedthemammoth.com/20...ay-cuck-a-lot/

[jeanvaljean]

I am gonna end up being quite a bit poorer today than I was yesterday. Should have sold everything and put it under the matrass.

[jeanvaljean]

Cameron just announced his resignation. Bam.

[jeanvaljean]

Well, at least "broke up two unions in a political suicide" will be a better opening line for his obituary some day than "rumored to have fornicated with a pig."

[The Velour Fog]

http://www.wehuntedthemammoth.com/20...ay-cuck-a-lot/

worth it for that image

[Coin Biter]

Cameron just announced his resignation. Bam.

Corbyn should go too, frankly.

[Coin Biter]

For those outside the UK, these maps show how divided the country was in its vote:

http://www.bbc.co.uk/news/uk-politics-36616028

[NeathBlue]

The markets have already recovered most of what they lost over night and will settle down quick enough... This is a great result for the UK and ultimately the countries in the EU.
It was clearly not working in the state it is and now this will hasten the end of it as more countries will likely leave and then a better system can be put in place.

[Pinsir]

For those outside the UK, these maps show how divided the country was in its vote:

http://www.bbc.co.uk/news/uk-politics-36616028

Surprised my grandmother's region, Derbyshire, was as split as it is. It looks like the whole Northumbria region (Is that still a proper geographic descriptor?) voted predominately Brexit. It's unfortunate that such an important region of England's history has struggled in modern times, though I don't think that region has recovered after Lindisfarne.

[jeanvaljean]

The markets have already recovered most of what they lost over night and will settle down quick enough... This is a great result for the UK and ultimately the countries in the EU.
It was clearly not working in the state it is and now this will hasten the end of it as more countries will likely leave and then a better system can be put in place.

Yeah, the Russian market is looking ok, actually.

stox2.jpg

[twincast]

My "heart" tells me to stay in because I believe in unity above separation BUT... my "gut" understands that the EU will never be a united nation, and cannot work as one because each country's own self-interest/preservation and views will always trump compromise and a collective give-and-take required to make the cohesive whole work.

That's the big problem at the EU's very foundation, yes. Just like the UN's big problem is its vile veto powers. Neither of the two are as powerful as their frothing opponents make them out to be.

Really, what do UKIP and Boris Johnson and their supporters think this will accomplish? If the Brits don't want to miss out on EU trade, they'll have to adhere to EU regulations, anyway, without having any input. And the idea that the Western European national government that cares the least about free speech and the non-rich alone will serve them better than the "trade union" that kept and keeps pushing for consumer rights in particular and human rights in general is just ludicrous. Obviously, the European Commission isn't quite as consistent on this (cf. CETA/TTIP) as the European Parliament (and as stated above, the European Council is often actively working against this), but overall the EU has given us much, much more than it has ever "taken" from any of us.

Only good things that will come of this:

• Cameron's gone. Sadly I don't see anyone better reaching the Tories' top, however.
• Scotland and Northern Ireland are very likely to leave the UK. Maybe Wales and Gibraltar as well. So much for the Brexiters' dreams of imperial glory gone by.
• Whenever England decides to come crawling back, it likely won't be getting all those egotistical exemptions it's been enjoying so far.

[Coin Biter]

I feel like Charlton Heston at the end of Planet of the Apes

[Shawn Hopkins]

Yeah, the Russian market is looking ok, actually.

stox2.jpg

There are some nice opportunities to take advantage of Britain's misery here.

[Shawn Hopkins]

It's still a freefall in the world markets. Reuters posted this 30 minutes ago.

http://www.reuters.com/article/us-gl...-idUSKCN0Z92MZ

World stocks headed for one the biggest slumps on record on Friday as a decision by Britain to leave the European Union triggered 8 percent falls for Europe's biggest bourses and a record plunge for sterling.

Such a body blow to global confidence could well prevent the Federal Reserve from raising interest rates as planned this year, and might even provoke a new round of emergency policy easing from all the major central banks.

Risk assets were scorched as investors fled to the traditional safe-harbors of top-rated government debt, Japanese yen and gold.

Billions were wiped from share values as Europe saw London's FTSE .FTSE drop 6 percent in early deals, Germany's .DAX and France's CAC 40 .FCHI slump 7.5 and 9 percent and Italian and Spanish markets plunge more than 11 percent.

The rout was compounded by the fact markets had rallied on Thursday having become increasingly convinced that UK voters would opt to stay in the EU.

Britain's big banks took a $130 billion battering with Lloyds (LLOY.L) and Barclays (BARC.L) plunging as much as 30 percent. EMINI S&P 500 futures ESc1 were down 4 percent and Japan's Nikkei .N225 ended down 7.9 percent.

The British pound collapsed no less than 18 U.S. cents, easily the biggest fall in living memory, to hit its lowest since 1985. The euro in turn slid 3.2 percent to $1.1012 EUR= as investors feared for its very future.