Today Britain votes on remaining part of the EU

[BxgJ]

And now it looks like Scotland is starting the push to have another vote to leave The United Kingdom so it can stay in the EU.

http://www.nbcnews.com/storyline/br...ependence-again-after-u-k-brexit-vote-n598166

One of the reasons it voted to stay last time was they were assured Britain would stay in the EU.

I was hearing about this on the radio while driving to work this morning. Something else was mentioned as well - the leaders of the other EU nations wouldn't want the process of the UK leaving to be seen as easy or advantageous. So they might try to be quite harsh on the terms of the exit. The reason would be to avoid encouraging any other nations to exit as well.

 

[IBMer]

Yeah, it does. The ones who pay the bulk of the taxes, have seen their jobs and rights destroyed and aren't young and naive enough to swallow Merkel's bs are the ones who rejected.

I'd say its very likely that the 25-49 block pays the bulk of taxes.

 

[LegendKiller]

I wonder how many of the financially well off on the BREXIT side shorted the market today? :hmm:

Good question. Given how much remain was expected and how big the bookie bets were and how poorly the markets have done you have to wonder how many wunderkind were completely wrong about this.

 

[LegendKiller]

I'd say its very likely that the 25-49 block pays the bulk of taxes.

Peak earning years, especially for white collar workers, is skewed more into the late 40s and early 50s.

 

[sm625]

I wonder how many of the financially well off on the BREXIT side shorted the market today? :hmm:

Probably not many. Yesterday at the close, weekly SPY options were jacked up so high you had to get roughly a 1.2% move overnight just to break even. A 2.5% move would have only yielded a double. This is far too much risk for options that expire in a day. Typically, a night before options expiration overnight trade only needs about a .5% move to make double, so volatility has been 5X above normal, far higher than what the VIX or any implied volatility readings suggested.

 

[BxgJ]

I wonder how many of the financially well off on the BREXIT side shorted the market today? :hmm:

Yeah, some people made a bunch of money today.

On that note, I heard some guy on the BBC this morning mention that the bookies were giving 9-1 in favor of remain. I would guess some people made quite a bit with that too :\

 

[Fanatical Meat]

This image kind of says it all:

Again I have no opinion on this matter. Couldn't it be said that the older people remember being independent better?

 

[sandorski]

It's one thing to allow immigration in a controlled manner to maintain your populace but it is wholly a different thing to open the flood gates because you want to see European culture and society be wiped out and replaced out of a PC cultural Marxist glut trip that dwells in the past and that approaches committing cultural and sovereign suicide.

The former is the sane option that allows immigration in a controlled manner so that people can assimilate into a society without friction and which promotes the general welfare of your citizens and nation. While the latter is what the British people voted to avoid because it was turning into a nightmare for them and it was being rammed down their throats by self-interested autocrats who could care less about them.

Oy vey. Your first paragraph is utter BS. This flood of Immigrants is the result of Syria going to shit. Nations in Africa and other places have had to deal with the same phenomena at various times. If some idiot didn't go into the Middle East and fuck it up, this wouldn't be happening.

 

[PokerGuy]

This image kind of says it all:

Yep, makes it pretty clear how naive and gullible the young'uns are , while their elders have learned from experience. :thumbsup:

 

[IBMer]

Again I have no opinion on this matter. Couldn't it be said that the older people remember being independent better?

Older people also tend to be more isolationist as well.

 

[PokerGuy]

I have no horse in the race, it doesn't much affect me personally, but I'm really surprised brexit won against many very strong and established interests.

Personally I think it's the beginning of the end of the EU as a block. It's exposed the problems of the EU, with unelected bureaucrats in Brussels running everything. There are now other "exit" movements underway (like the "Nexit" netherlands exit), there will be more to come.

 

[PokerGuy]

Older people also tend to be more isolationist as well.

You say "isolationist", someone else might say "sovereign".....

 

[zinfamous]

Yeah, it does. The ones who pay the bulk of the taxes, have seen their jobs and rights destroyed and aren't young and naive enough to swallow Merkel's bs are the ones who rejected.

 

[PliotronX]

A blow is dealt to the utopian dream of a one world government.

Score one for majority rule. The voters still have a say. At some point this will no longer be allowed. "Smarter people" will make these decisions.

The thuper delegates know what's best for everyone.

 

[LegendKiller]

Oy vey. Your first paragraph is utter BS. This flood of Immigrants is the result of Syria going to shit. Nations in Africa and other places have had to deal with the same phenomena at various times. If some idiot didn't go into the Middle East and fuck it up, this wouldn't be happening.

Yeah, Obama really fucked up libya, syria, egypt, Iran, saudi, and Israel.

His forpol has been a fucking disaster.

I agree 100% that geedubs was also but Obama's "Arab spring" support tripled down on the stupid and flooded Europe with immigrants.

 

[Fanatical Meat]

Older people also tend to be more isolationist as well.

I get both sides. I completely understand people being tired of increased immigration I heard England's immigrant population went from 6% to 13%, remember Europe isn't as good at assimilating immigrants as the US, I understand being irritated at some group in Brussels deciding what food can be sold and what its called, I understand the feeling that you're penned up with a bunch of economic losers who appear incapable of budgeting most EU Countries have had very poor growth.
I also understand travel between countries is similar to travel between states in the US. Imagine if you needed a passport to go to another state, I understand there will be lost job opportunity for a younger person looking to travel, I get that its better to be on a team instead of alone.

 

[LegendKiller]

I get both sides. I completely understand people being tired of increased immigration I heard England's immigrant population went from 6% to 13%, remember Europe isn't as good at assimilating immigrants as the US, I understand being irritated at some group in Brussels deciding what food can be sold and what its called, I understand the feeling that you're penned up with a bunch of economic losers who appear incapable of budgeting most EU Countries have had very poor growth.
I also understand travel between countries is similar to travel between states in the US. Imagine if you needed a passport to go to another state, I understand there will be lost job opportunity for a younger person looking to travel, I get that its better to be on a team instead of alone.

I think the benefits of free movement are overblown. Sure, it is a hassle but it isn't the end of the world. Further, the job thing will still occur.

 

[Kaido]

Let me explain to you what will happen next.

Cameron will resign. (Already happened).
An interim-government will take over.
The interim-government will arrage new elections. These will take at least a year.
The interim-government will start work on actually leaving the EU.
The interim-government will say: "we take the voters in the referendum so seriously, we will already start implementing new laws for them". There will be slightly more border patrol in Dover and Calais. Maybe a few illegal immigrants will be deported (with lots of press attending, but low numbers of immigrants). A few new arrangements with the EU will be made. The UK will pay a little less money to the EU. Etc.

A new government will be in place in 18-24 months.
The new government will say: "the majority of Brits have voted for us. we believe a brexit is against the interest of the british people. we believe the majority of brits have changed their view on the issue. we believe the new laws have satisfied their wishes. we think a brexit is not necessary anymore. the referendum had only an advisery role, and was not binding".
The UK stays in the EU.


You might think voting matters.
When it's about the EU, the people's vote and the people's opinion does not matter any more.
We are beyond that.
There are better people than us who will decide about our fates.

This sounds suspiciously like those earth-based sequels to Ender's Game

 

[DeathReborn]

I voted leave and I look forward to a Scottish referendum, although I would prefer a referendum to kick Scotland to the curb to be honest.

I predict an EU army inside a year and NATO breaking up in 2-3 years followed by Russia invading eastern Europe inside 5 years. The EU, shooting itself in the foot every time.

 

[sontakke]

What is surprising is that exit polling got it so wrong. "Leave" had even given concession speech after the voting closed. I can think of few chilling reasons as to why actual result did not match the expected results based upon all the available data which was predicted before all the votes were counted. Usually science is NEVER wrong but the data fed to it could be suspect.

Could it be that people put facade of rationality in open but revert back to being to their true self when nobody else is watching them in the voting booth? I do not have any other explanation.

 

[Fanatical Meat]

A little OT. I think it was cute how the Queen said nothing about the matter. I saw a very typical coy answer from the Queen about this.
I assume its got to do with some rule that tax payers will support the Monarchy but they expect the royals to stay out of voting topics.

 

[Captain Picard]

What is surprising is that exit polling got it so wrong. "Leave" had even given concession speech after the voting closed. I can think of few chilling reasons as to why actual result did not match the expected results based upon all the available data which was predicted before all the votes were counted. Usually science is NEVER wrong but the data fed to it could be suspect.

Could it be that people put facade of rationality in open but revert back to being to their true self when nobody else is watching them in the voting booth? I do not have any other explanation.

Hmm, yes, why is it that media outlets showed polls that didn't reflect the actual preference of the voting public?

Maybe to create and maintain the illusion that leaving the EU was less popular than it actually was. After all, why bother voting to leave if most of the media outlets and pundits are telling you that the "leave" voters are the minority?

Media credibility seems to be taking a beating all over.

 

[AtenRa]

I was hearing about this on the radio while driving to work this morning. Something else was mentioned as well - the leaders of the other EU nations wouldn't want the process of the UK leaving to be seen as easy or advantageous. So they might try to be quite harsh on the terms of the exit. The reason would be to avoid encouraging any other nations to exit as well.

Really ??? Is EU a cartel like organization that members are not allowed to leave ??? And anyone trying to leave will be executed and put down ???

What the hell ??? EU was made on democratic values, if EU has become something else than whats it was supposed to be and one member doesnt want to participate anymore then the rest of the members should have to make it easy for this Country and still keep close ties with the rest of the EU members (if the Member still want to have connections with the rest of the EU members).

I really really dont like what im seeing here, EU bureaucrats are acting like Hegemonies. We do not want EU to operate like this.

 

[fskimospy]

Really ??? Is EU a cartel like organization that members are not allowed to leave ??? And anyone trying to leave will be executed and put down ???

What the hell ??? EU was made on democratic values, if EU has become something else than whats it was supposed to be and one member doesnt want to participate anymore then the rest of the members should have to make it easy for this Country and still keep close ties with the rest of the EU members (if the Member still want to have connections with the rest of the EU members).

I really really dont like what im seeing here, EU bureaucrats are acting like Hegemonies. We do not want EU to operate like this.

I don't think you understand what he means. They are free to come and go as they choose, but choices have consequences.

The UK has advantageous trade terms, regulatory terms, etc with the EU. This is because they were part of the EU. Now that they aren't, all of those things are going to have to be renegotiated. The EU is probably going to make the UK feel the pain because they don't want other countries thinking they can get all the benefits of being in the EU without any of the costs.

It's hard to see how anyone would think that the EU should treat nonmembers the same as members. Why would anyone join then?

 

[LegendKiller]

A little OT. I think it was cute how the Queen said nothing about the matter. I saw a very typical coy answer from the Queen about this.
I assume its got to do with some rule that tax payers will support the Monarchy but they expect the royals to stay out of voting topics.

There was an article within the last week about her asking questions to finner guests. They mainly revolved around the lack of self determination regarding immigration laws and other pan euro dictates and how it would effect the UK long term. Who knows of that is true.