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Author | Topic: Brexit - Should they stay or should they go? | |||||||||||||||||||||||||||||||||
Diomedes Member Posts: 998 From: Central Florida, USA Joined: |
Watching the results live on BBC News here on the East Coast of the USA.
About 2/3rds of count is in and the Leave side has opened a sizable lead. It is still too early to call anything and London, with its high population density, could swing things back towards Remain. Flipping to Bloomberg news and the futures are down substantially. The Pound Sterling has dropped to its lowest level since 1985. The markets and current predictors are now pointing towards a Brexit. Whatever happens, there will be some major volatility for the next few days.
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Diomedes Member Posts: 998 From: Central Florida, USA Joined:
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BBC and Bloomberg just called it. The Leave campaign has won. Votes still coming in but projections indicate there are insufficient votes to overcome the current Leave lead.
Should be interesting come tomorrow and the weeks to come. Edited by Diomedes, : No reason given.
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Tangle Member Posts: 9624 From: UK Joined: Member Rating: 5.3 |
Unbelievable idiocy. I feel sick.
Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. Life, don't talk to me about life - Marvin the Paranoid Android "Science adjusts it's views based on what's observed.Faith is the denial of observation so that Belief can be preserved." - Tim Minchin, in his beat poem, Storm.
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vimesey Member (Idle past 388 days) Posts: 1398 From: Birmingham, England Joined: |
Likewise.
We are definitely going through an age of severe stupid at the moment.Could there be any greater conceit, than for someone to believe that the universe has to be simple enough for them to be able to understand it ?
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Heathen Member (Idle past 1599 days) Posts: 1067 From: Brizzle Joined: |
Stunned and horrified, the Little-Englanders have won.
We now have the very real prospect of P.M. Boris and a legitimised Nigel Farage. On the plus side at least the NHS will get a much needed 350,000,000 per week injection of cash.... oh, wait...
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Tangle Member Posts: 9624 From: UK Joined: Member Rating: 5.3 |
The old and stupid outnumber the young and the clever - but idiot Cameron still asked them the question. What a total fucking dickhead.
I feel like a friend has died - very weird feeling.Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. Life, don't talk to me about life - Marvin the Paranoid Android "Science adjusts it's views based on what's observed.Faith is the denial of observation so that Belief can be preserved." - Tim Minchin, in his beat poem, Storm.
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Diomedes Member Posts: 998 From: Central Florida, USA Joined: |
And as you predicted Tangle, Scotland is already drafting plans for another referendum. Since their Brexit vote favored staying in the EU, this will be the perfect foil for the independence movement signaling that it is better that Scotland exist as a separate entity that can maintain stronger ties with the EU.
Northern Ireland also voted in favor of staying. I would not be surprised if there were some rumblings of a break-away vote for them as well.
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jar Member (Idle past 155 days) Posts: 34140 From: Texas!! Joined: |
It seems that this recent vote will place England in pretty much the same relationship with the EU as other Commonwealth nations like Bermuda, Australia, Canada, India and New Zealand. Will this increase the power and relevance of Marlborough House?
Anyone so limited that they can only spell a word one way is severely handicapped! |
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1.61803 Member (Idle past 1820 days) Posts: 2928 From: Lone Star State USA Joined: |
Well That's that. Now what? Is England totally deranged or are they crazy like a fox? Condolences to those who voted to stay.
**waiting to see how much my 401k tanks today.** Edited by 1.61803, : No reason given."You were not there for the beginning. You will not be there for the end. Your knowledge of what is going on can only be superficial and relative" William S. Burroughs |
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Diomedes Member Posts: 998 From: Central Florida, USA Joined: |
The old and stupid outnumber the young and the clever - but idiot Cameron still asked them the question. What a total fucking dickhead. This begs the question; and I don't know about the legality of this, but here goes: considering this is a referendum that will have long reaching ramifications, would it not have been prudent to say it requires a specific majority to pass? I understand that might seem like it is undermining democracy. But a 52% to 48% victory is hardly resounding. Could they have indicated that there would need to be a 60% requirement? Kind of like what we have in the USA with regards to amendments to the Constitution. Those require a 2/3rds majority. Anyway, that may not have been viable given the circumstances. But as Tangle alluded to: considering its the old farts that are pushing for this while the younger crowd is against it, it seems warranted that a larger majority be needed to move forward.
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LamarkNewAge Member Posts: 2497 Joined: |
Nope.
Not in 2016, when a bunch of grumpy old farts throw a fit because their fantasies of a pure Anglo-Saxon world are dashed by immigration. Immigration. The horrors. Lets see the results. Japan has seen a flat population since 1993, and actual drops in population since 2007. They now have such robust growth that their debt is at nearly 250% of GDP. It was under 100% 25 years ago. The only thing saving Japan from default is that their population seems to see it as a patriotic responsibility to buy debt, which keeps interest rates very low. Amazing, yes. But even more amazing is that the debt still is unreal and growing (it is almost interest free debt, yet deficits are still super high. I think it is called a "core deficit" when the deficit isn't interest rate driven) . No default though , yet. But over 240% of GDP debt. Loyal population not good enough it seems. Now they have a big quantitative easing scheme going, to keep rates low. See what happens when you want a pure homogenous population? Back to the U.K. and their June 23 national temper tantrum among the old fools (that all will nevertheless have to suffer from) I understand the pound has dropped 10% already. The debt just got a lot harder to pay. Time to raise interest rates to attract suckers I mean investors. Even harder to pay debt now. What happens when the GDP shrinks? Debt to GDP ratio going the way of Japan? But Japan has rich, loyal, natives who purchase debt at super-low rates. Will the U.K. have such loyalty from the same aging old fools that made the world a much poorer place by splitting it into hundred of pieces (nation-states) this past century? Something of a temper tantrum once the British couldn't lie, cheat, steal the entire world's wealth for themselves. Just shatter what they can't steal and leave a mess that will hurt the world for centuries. The average U.K. income was about $18,000 per year in 1993 and much of that low amount came from the benefits of the E.U. and immigration. The old fools failed to stop the progress to that day, and until yesterday, failed to stop the enormous progress since then. They will hold the nation up? Those fools? We could see a chain reaction of slow growth and high deficits followed by raised interest rates and/or inflation, then defaults. Not just in the U.K. but in the entire world. This disaster must be prevented but how? How now?
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GDR Member Posts: 6223 From: Sidney, BC, Canada Joined: |
It must have been the right thing to do as Trump applauds the result. Now if we just have the Donald as the US pres and the Boris as the PM in Britain all will be well.
What a world. ![]() He has told you, O man, what is good ; And what does the LORD require of you But to do justice, to love kindness, And to walk humbly with your God. Micah 6:8
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Tangle Member Posts: 9624 From: UK Joined: Member Rating: 5.3 |
Diomedes writes: Could they have indicated that there would need to be a 60% requirement? Technically probably, but it would have been seen as rigging the result and wouldn't have satisfied those demanding the referendum. The real stupid was calling the vote.Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. Life, don't talk to me about life - Marvin the Paranoid Android "Science adjusts it's views based on what's observed.Faith is the denial of observation so that Belief can be preserved." - Tim Minchin, in his beat poem, Storm.
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Diomedes Member Posts: 998 From: Central Florida, USA Joined: |
Now that Cameron has stated he will resign in October. So who are the likely successors? Boris Johnson?
http://www.theweek.co.uk/...-david-cameron-as-prime-minister
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Tangle Member Posts: 9624 From: UK Joined: Member Rating: 5.3 |
It's only Boris. The only other candidate - Gove - has said no.
Je suis Charlie. Je suis Ahmed. Je suis Juif. Je suis Parisien. Life, don't talk to me about life - Marvin the Paranoid Android "Science adjusts it's views based on what's observed.Faith is the denial of observation so that Belief can be preserved." - Tim Minchin, in his beat poem, Storm.
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