Today Britain votes on remaining part of the EU

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Jaskalas

Lifer
Jun 23, 2004
35,746
10,051
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obviously the stock market is taking the plunge. people smarter than us know that leaving is a mistake which will make the UK weaker.

waiting now to hear from all the pro-exit to tell me how me & every economist and speculator in the world are wrong.

Economists are sheep. Yes, it'd be great money for the people of the world to bow down and serve their corporate masters. The people of the UK chose freedom over profits.
 

Jaskalas

Lifer
Jun 23, 2004
35,746
10,051
136
From what I have read in the last few days, a lot of the hate hasnt even been about middle eastern refugees but other EU immigrants.

White, Christian, culturally advanced, good worker, and integrate well into society? Yeah well fuck you Pole, cause you aint English.

It's called overcrowding. Eventually in the college study, the rats began to eat one another. We will do the same.
 

mxnerd

Diamond Member
Jul 6, 2007
6,799
1,103
126
Why Scotland wants to stay in EU yet England & Wales want to leave?
 

DigDog

Lifer
Jun 3, 2011
14,626
3,001
136
Well, those were the people who effectively caused the 2008 crash and also didn't see it coming... and subsequently exposed the weaknesses in the EU.

Edit: Also, those same people were predicting a Remain vote winning up until 12 hours ago -- look at the stock charts for everything up until yesterday.

https://www.youtube.com/watch?v=iAgKHSNqxa8

we cannot trust professional economists, yet we can trust politicians who are not economists to help our GDP - while said economists stay in the same position you denounced regardless of the vote.

makes 100% sense.

The people of the UK chose freedom over profits.

no; the people of the UK chose freedom BECAUSE of higher (alleged) profits. because they were convinced by farage that they will make more by exiting the EU.
 

IGBT

Lifer
Jul 16, 2001
17,974
140
106
London FTSE down 8% premarket, US markets only 5% at the moment.

If the DOW falls 8% it could go down 1,400 points on Friday.

Current open? -700.



..sweet volatility and the opportunity it makes. Smells like money in the making.
 

DucatiMonster696

Diamond Member
Aug 13, 2009
4,269
1
71
Some Swedes are talking about it. The Peripherals are hurting still...etc.

They built a 1-legged stool and left it to tip.

Merkel and her "refugees" tipped it and now she's the one really to blame. She should have shut it down and left it be. Then you get Wolfgang Schaeuble saying uber-stupid shit about immigrants being needed to stop "European inbreeding". Talk about fucking moronic.

There is a segment of the German political sphere that just want European culture and especially German national identity to die off. She herself has long been against even recognizing Germans and Germany as a national identity hence her action in this vid that highlights her revulsion toward anything German including the German flag.

https://www.youtube.com/watch?v=UYOXAG9S0lw

However the issue is she and this political left-wing dominated sphere of anti-European identity in Germany and the EU are dragging other nations down their suicidal and forced multiculturalism pact that is opening the flood gates of immigration and the Brits have finally had enough of that death wish.

All the concepts, ideas and principals that made Europe what it is are being torn down by these folks with great haste and zeal and what will replace it will not be pretty.
 
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Mai72

Lifer
Sep 12, 2012
11,562
1,741
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Aren't some of those over 40 Gen X?

I'd think many of the people voting for this are probably baby boomers.

Sent from my SM-N920T using Tapatalk
 

Imp

Lifer
Feb 8, 2000
18,828
184
106
https://www.youtube.com/watch?v=iAgKHSNqxa8

we cannot trust professional economists, yet we can trust politicians who are not economists to help our GDP - while said economists stay in the same position you denounced regardless of the vote.

makes 100% sense.

Or, both economists and politicians are unreliable and not trustworthy simply because of their title.

I read the opinions "economists" and "financial experts" daily, and I've been doing so for years. The stuff they come up with... I can count on one hand how many "experts" I somewhat trust.
 

DucatiMonster696

Diamond Member
Aug 13, 2009
4,269
1
71
Can someone actually explain to me why the markets are reacting like this? Are they just startled because they've been completely complacent about risk and overvalued, or is this a real economic issue? I mean Britain has its own currency anyways, it will probably negotiate trade deals with EU that maintain the status quo as much as possible. Why would Japanese Yen rally 5% vs the dollar over this?

You've answered your own question. As for the Yen and Japan it is a economic disaster waiting to happen all on its own.
 

DucatiMonster696

Diamond Member
Aug 13, 2009
4,269
1
71
Probably a stupid question, but what exactly does this mean for the U.S.?

I ask that because the financial markets are shitting themselves over the actual decision now. I guess the financial markets have a little bit of influence with the U.S. economy?

The U.S. will be okay and it will be the place to store wealth in the short term until the choppy seas in this market start to calm down and the traders realize that Brittan (the 5th largest economy in the world) isn't going to sink into the bottom of the ocean.

If anything there is probably more fear about the situation of leaving the EU spreading to other 1st world European nations that are seeing death via forced multiculturalism by the Brussels bureaucrats at the head of the EU as a unpleasant situation. This is a greater fear than Brittan deciding they have had enough.
 

norseamd

Lifer
Dec 13, 2013
13,990
180
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The U.S. will be okay and it will be the place to store wealth in the short term until the choppy seas in this market start to calm down and the traders realize that Brittan (the 5th largest economy in the world) isn't going to sink into the bottom of the ocean.

If anything there is probably more fear about the situation of leaving the EU spreading to other 1st world European nations that are seeing death via forced multiculturalism by the Brussels bureaucrats at the head of the EU as a unpleasant situation. This is a greater fear than Brittan deciding they have had enough.

You couldnt be more ignorant.

The markets arent dropping out of sheer ignorance.
 

AtenRa

Lifer
Feb 2, 2009
14,003
3,362
136
If you ask Europeans (EU members) if this is the Europe they were dreaming back in 80s and 90s I believe the vast majority will tell you no.
I strongly believe that more members will leave the next years because this EU, as it is TODAY, is not what people want.
 

norseamd

Lifer
Dec 13, 2013
13,990
180
106
If you ask Europeans (EU members) if this is the Europe they were dreaming back in 80s and 90s I believe the vast majority will tell you no.

I strongly believe that more members will leave the next years because this EU, as it is TODAY, is not what people want.

What in particular?
 

StinkyPinky

Diamond Member
Jul 6, 2002
6,977
1,276
126
Jesus, this is going to create a mess. Scotland will want to leave, Northern Ireland will start fighting about joining the rest of Ireland again (or becoming independent), Europe is severely weakened and Russia will be licking their lips. Creates a real geopolitical nightmare, let alone the economic side of things. I'm all for giving the finger to the 1% and Ze Germans but could have done it some other way.
 

tommo123

Platinum Member
Sep 25, 2005
2,617
48
91
it's not a union. it's more like a bunch of dogs which can't stand each other stuck in cages next to each other. just barking and growling as opposed to a place where they all get along.

there's no plan, just fighting over who gets what revenue spent on them. i suppose in reality (in 1 perspective at least) there is some of that 80s optimism happening. they just never thought that they would be the rich that robin hood robs from.
 

Painman

Diamond Member
Feb 27, 2000
3,728
29
86
You couldnt be more ignorant.

The markets arent dropping out of sheer ignorance.

You have your head in the sand, or stuck somewhere else.

You go on about markets, markets, markets... your disconnect from actual workaday people seems all-consuming.
 

agent00f

Lifer
Jun 9, 2016
12,203
1,243
86
I personally think that Cameron should resign for the stupid fucking idea of having a referendum on a topic like this in the first place, as uninformed feelings and bullshit rhetoric have absolutely no place in a decision that could shape this country for decades to come.

LOL, have some empathy for us 'Mericans.

Probably a stupid question, but what exactly does this mean for the U.S.?

I ask that because the financial markets are shitting themselves over the actual decision now. I guess the financial markets have a little bit of influence with the U.S. economy?

Over the long run a fractured europe makes the US more competitive, which is why the EU was created in the first place.
 

AtenRa

Lifer
Feb 2, 2009
14,003
3,362
136
What in particular?

There are so many problems that EU countries are unable to make it work simple because everyone only cares about their own interests.

Either we become a United States of Europe, with a single government without boarders, or everyone takes its own course. The system is not working as it is now.
 
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sandorski

No Lifer
Oct 10, 1999
70,783
6,341
126
There is a segment of the German political sphere that just want European culture and especially German national identity to die off. She herself has long been against even recognizing Germans and Germany as a national identity hence her action in this vid that highlights her revulsion toward anything German including the German flag.

https://www.youtube.com/watch?v=UYOXAG9S0lw

However the issue is she and this political left-wing dominated sphere of anti-European identity in Germany and the EU are dragging other nations down their suicidal and forced multiculturalism pact that is opening the flood gates of immigration and the Brits have finally had enough of that death wish.

All the concepts, ideas and principals that made Europe what it is are being torn down by these folks with great haste and zeal and what will replace it will not be pretty.

Ah ya, it has nothing to do with Low birthrates requiring Immigrants to offset them. It also has nothing to do with a neighbouring Nation becoming untenable for millions of people due to the destabilization of the Middle East, which ironically Britain enthusiastically supported and took part in. Nah, it's just some EU Ideologues doing nefarious shit for some unknown reason!