Brexit

gilraen · Post by **gilraen** » Thu Jun 23, 2016 9:46 pm

hitbyambulance wrote:i am guessin the Scots, Welsh and Catholics in N. Ireland are not *at all* in favor. i could see if it did succeed, the next Scottish independence vote might happen sooner than later, pass, and rejoin the EU.

It seems like the more rural parts of N.Ireland are all voting to leave - the Belfast vote is more toward staying. Not sure why (I know some about NI history but certainly not enough).

geezer · Post by **geezer** » Thu Jun 23, 2016 10:45 pm

"leave" seems to be outperforming expectations. This populist/nationalist stuff really needs to stop.

malchior · Post by **malchior** » Thu Jun 23, 2016 10:52 pm

The biggest own goal in modern history is happening right now. I'm really quite surprised. Europe is really tearing itself apart. Oh and there will be a hell of a sell off tomorrow. The pound is free falling right now. Down about 10% in Asia.

malchior · Post by **malchior** » Thu Jun 23, 2016 11:29 pm

SNP is already claiming a constitutional crisis and Sinn Fein is calling for Irish reunifucation. This is nuts.

em2nought · Post by **em2nought** » Thu Jun 23, 2016 11:31 pm

Plucky English are getting the f$#% out, who'd have thought. Up Nationalism! Gold is soaring, fiat currency is plummeting!

https://www.youtube.com/watch?v=6ul-cZyuYq4

Fill in that channel tunnel!

Blackhawk · Post by **Blackhawk** » Thu Jun 23, 2016 11:35 pm

Psst. Hey, Humanity. You're backsliding.

Quit it.

geezer · Post by **geezer** » Thu Jun 23, 2016 11:45 pm

Blackhawk wrote:Psst. Hey, Humanity. You're backsliding.

Quit it.

This is what decades of fearmongering, tribalist media, and those that take advantage of it to further personal power has done. Idiots.

Alefroth · Post by **Alefroth** » Thu Jun 23, 2016 11:47 pm

Ironic that the United Kingdom is failing to see the benefit of being in a union.

gilraen · Post by **gilraen** » Thu Jun 23, 2016 11:49 pm

Apparently England missed the part where they are taking a giant shit on the world economy.

Hopefully they don't miss Scotland too much, they don't get to keep it much longer.

cheeba · Post by **cheeba** » Thu Jun 23, 2016 11:58 pm

BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?

geezer · Post by **geezer** » Thu Jun 23, 2016 11:59 pm

gilraen wrote:Apparently England missed the part where they are taking a giant shit on the world economy.

Hopefully they don't miss Scotland too much, they don't get to keep it much longer.

That's the thing though. People that think like this are, if I'm being charitable, to stupid to realize that it's going to blow back on them eventually. If I'm not being charitable, I'd say that they just don't give a damn and are happy to burn it all down because their whiny selves feel like they got a bad deal because immigrants, or liberals, or the UN or the EU or some other nonsensical but rage-fueled bs.

Rip · Post by **Rip** » Fri Jun 24, 2016 12:02 am

Looks like England gets the chance to be Great Again™ first.

Not buying the doom and gloom.

I think it will work out fine for them.

gilraen · Post by **gilraen** » Fri Jun 24, 2016 12:04 am

Rip wrote:

OK, I'll bite. You do know that's not *England's* flag, right?

malchior · Post by **malchior** » Fri Jun 24, 2016 12:05 am

cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?

First off it is true and second did it really make a difference. This isn't even close.

malchior · Post by **malchior** » Fri Jun 24, 2016 12:07 am

Market circuit breaker in Tokyo just tripped. Ugly as hell. I'm gonna be at an exchange in the morning...should be interesting.

Enough · Post by **Enough** » Fri Jun 24, 2016 12:11 am

Wow, buckle your seat belts. Was also just reading up on the market reaction, and shit is about to get real.

Rip · Post by **Rip** » Fri Jun 24, 2016 12:14 am

gilraen wrote:
Rip wrote:
OK, I'll bite. You do know that's not *England's* flag, right?

malchior · Post by **malchior** » Fri Jun 24, 2016 12:15 am

There were a lot of Remain bets...the unwind will be sharp. US futures have been worsening for a few hours now.

Kurth · Post by **Kurth** » Fri Jun 24, 2016 12:26 am

Rip wrote:Looks like England gets the chance to be Great Again™ first.

Not buying the doom and gloom.

I think it will work out fine for them.

I have a feeling this is a quote we'll be seeing reposted in the future.

I know you don't really care, but, respectfully, you are full of shit.

Pyperkub · Post by **Pyperkub** » Fri Jun 24, 2016 12:27 am

malchior wrote:Market circuit breaker in Tokyo just tripped. Ugly as hell. I'm gonna be at an exchange in the morning...should be interesting.

Dow is down 600 points in futures trading for tomorrow.

malchior · Post by **malchior** » Fri Jun 24, 2016 12:30 am

Kurth wrote:
Rip wrote:Looks like England gets the chance to be Great Again™ first.

Not buying the doom and gloom.

I think it will work out fine for them.
I have a feeling this is a quote we'll be seeing reposted in the future.

I know you don't really care, but, respectfully, you are full of shit.

To be fair he got the England part right. They will be pretty much on their own soon.

Kurth · Post by **Kurth** » Fri Jun 24, 2016 12:36 am

Pyperkub wrote:
malchior wrote:Market circuit breaker in Tokyo just tripped. Ugly as hell. I'm gonna be at an exchange in the morning...should be interesting.
Dow is down 600 points in futures trading for tomorrow.

Down 720 and falling.

Kraken · Post by **Kraken** » Fri Jun 24, 2016 12:50 am

Kurth wrote:
Pyperkub wrote:
malchior wrote:Market circuit breaker in Tokyo just tripped. Ugly as hell. I'm gonna be at an exchange in the morning...should be interesting.
Dow is down 600 points in futures trading for tomorrow.
Down 720 and falling.

I hope that's an overreaction.

It's a bad day for the establishment. Remains to be seen if it's a good day for the dispossessed. I am skeptical, if only because days are never good for the dispossessed.

But yeah, in the US it will be spun as an endorsement of Trump (who, I am told, is going to Scotland not to meet with government officials, but to dedicate a golf course).

cheeba · Post by **cheeba** » Fri Jun 24, 2016 1:03 am

malchior wrote:
cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?
First off it is true

If Americans are going to say shit like that they're going to get Trump elected.

malchior · Post by **malchior** » Fri Jun 24, 2016 1:04 am

Can you imagine what is going to happen in the City in a few hours? Might as well throw away any strategic plans and uncertainty will likely reign for months or even years.

malchior · Post by **malchior** » Fri Jun 24, 2016 1:06 am

cheeba wrote:
malchior wrote:
cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?
First off it is true
If Americans are going to say shit like that they're going to get Trump elected.

Bullshit. This is complete and utter bullshit. Being called racists didn't drive 2 million more votes to Leave. It was because they were *actually* racists.

Edit: Obviously not every single voter...but the leave campaign had a lot of racist / nationalist overtones.

Kurth · Post by **Kurth** » Fri Jun 24, 2016 1:13 am

malchior wrote:
cheeba wrote:
malchior wrote:
cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?
First off it is true
If Americans are going to say shit like that they're going to get Trump elected.
Bullshit. This is complete and utter bullshit. Being called racists didn't drive 2 million more votes to Leave. It was because they were *actually* racists.

No, no, no. Weren't you listening to the UKIP leader's "victory" speech? They were "ordinary people, real people, decent people!"

malchior · Post by **malchior** » Fri Jun 24, 2016 1:24 am

UKIP now to be known as just the IP or maybe the Recession Party?

In other news Dow futures bottom out on the CME. Where the actual bottom will be today...nobody knows.

cheeba · Post by **cheeba** » Fri Jun 24, 2016 1:28 am

malchior wrote:
cheeba wrote:
malchior wrote:
cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?
First off it is true
If Americans are going to say shit like that they're going to get Trump elected.
Bullshit. This is complete and utter bullshit. Being called racists didn't drive 2 million more votes to Leave. It was because they were *actually* racists.

Edit: Obviously not every single voter...but the leave campaign had a lot of racist / nationalist overtones.

The left has been relying on shouting "racist!" at the opposition for too long and it's no longer working. The remain campaign was awful and its reliance on calling millions of people racist was part of the reason why.

Alefroth · Post by **Alefroth** » Fri Jun 24, 2016 1:54 am

The prices on gamesplanetuk.com just got better.

gilraen · Post by **gilraen** » Fri Jun 24, 2016 2:19 am

S&P has now announced that Britain will most likely lose its AAA credit rating.

Multiple currency exchange bureaus in Britain suspended their services as GBP hit a 30-year low.

Canuck · Post by **Canuck** » Fri Jun 24, 2016 2:41 am

cheeba wrote:
malchior wrote:
cheeba wrote:
malchior wrote:
cheeba wrote:BBC has called it for leave. Turns out shouting, "racists!" at the opposition wasn't a good tactic for Remain. Who knew?
First off it is true
If Americans are going to say shit like that they're going to get Trump elected.
Bullshit. This is complete and utter bullshit. Being called racists didn't drive 2 million more votes to Leave. It was because they were *actually* racists.

Edit: Obviously not every single voter...but the leave campaign had a lot of racist / nationalist overtones.
The left has been relying on shouting "racist!" at the opposition for too long and it's no longer working. The remain campaign was awful and its reliance on calling millions of people racist was part of the reason why.

Yeah, that's right. Britain voted itself out of the Euro just to spite everyone calling them racists. "If you call me racist one more time I'm going to jump of this bridge! I swear! '

Zarathud · Post by **Zarathud** » Fri Jun 24, 2016 3:20 am

UK already negotiated so many exceptions to the EU, but this takes the cake. Greece took much harsher medicine to stay. It's a multinational world and European unification was the only way to stay relevant in the world economy. The UK just burned its capital as a world leader and backslides into tribalism. For nothing.

This will also freak out the markets until after the US election in November. If the US votes for Trump and our own trade war, the global economy is fucked.

stessier · Post by **stessier** » Fri Jun 24, 2016 3:22 am

51.9 to 48.1 is what I'm seeing...this is not a landslide and not legally binding. I wonder if Cameron doesn't decide to stay anyway. Does anyone know what the breakdown in Parliament is?

gilraen · Post by **gilraen** » Fri Jun 24, 2016 3:37 am

Cameron just announced that he'll only be staying until October, and then he'll leave it to the next prime minister to negotiate the actual exit procedures.

Basically he wanted this referendum to "show" the eurosceptic faction of his party that Brits really wanted to stay in the EU. It was a political bet, and he lost...spectacularly.

Daehawk · Post by **Daehawk** » Fri Jun 24, 2016 3:46 am

I think it will settle out for the best for England.

Wouldn't American have something to gain by jumping in and being the first to support the UK? More trade and such?

Im sure now that the UK voted to leave other EU countries will try to leave.

gbasden · Post by **gbasden** » Fri Jun 24, 2016 5:47 am

cheeba wrote: The left has been relying on shouting "racist!" at the opposition for too long and it's no longer working. The remain campaign was awful and its reliance on calling millions of people racist was part of the reason why.

When a huge part of the leave argument was that there were too many brown people in Britain, how do you spin it?

LawBeefaroni · Post by **LawBeefaroni** » Fri Jun 24, 2016 6:15 am

Kurth wrote:
Pyperkub wrote:
malchior wrote:Market circuit breaker in Tokyo just tripped. Ugly as hell. I'm gonna be at an exchange in the morning...should be interesting.
Dow is down 600 points in futures trading for tomorrow.
Down 720 and falling.

I shorted the market yesterday but I still think it's a bad move to leave. They'll be celebrating the fallout for a few days but reality will settle in after a few months as the world moves on.

Taking profits on the short today and using them to buy blue chips at a Brexit discount.

tru1cy · Post by **tru1cy** » Fri Jun 24, 2016 6:25 am

Daehawk wrote:
Wouldn't American have something to gain by jumping in and being the first to support the UK? More trade and such?

President Obama basically stated that the UK would effectively go to the back of the line when it comes to trade with the US if they leave.

Honestly, the "special relationship" the US and the UK will only go so far and Obama and Cameron haven't been the best of friends.

It was probably bluster from Obama but you never know

LawBeefaroni · Post by **LawBeefaroni** » Fri Jun 24, 2016 6:34 am

Daehawk wrote:I think it will settle out for the best for England.

Wouldn't American have something to gain by jumping in and being the first to support the UK? More trade and such?

No, that's not it how it works. And now they'll have no say in TTIP.