UK Looks to be leaving the EU

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Quote:
What does the EU do that cannot be handled by each individual nation?


Create a unified economic force against "troublemakers" to the East.

A veritable "green light" for malfeasance makers who would like the rest of the EU to crumble.
 
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Originally Posted By: Garak
If I had a dollar each time investors panicked about a non-event, I'd be able to afford Bill Gates as my butler.
wink.gif



So true. I give it a month before its business as usual.
 
The only thing that is surprising is that it lasted this long. Getting out of the European Union was one of the few intelligent things that the UK has done recently.

Originally Posted By: ZeeOSix
Reports coming in predict the US stock market is going to have a big negative reaction over this.


It's called a "buying opportunity". The markets often have a knee jerk reaction-wait until you think it's has bottomed out, and then buy undervalued stocks. Then when the market bounces back in a month or two you'll have made a lot of money.
 
Originally Posted By: Garak
If I had a dollar each time investors panicked about a non-event, I'd be able to afford Bill Gates as my butler.
wink.gif


Amen. Good move by the Brits. The EU bureaucrats are pooping their pants this morning. Once Obama told the Brits to remain, the tide started to turn. The Obama-Hillary globalist vision is taking a severe hit. Eventually, people get tired of being told what to do by self serving crooks.
 
I have no problem with integration, and it's up to the UK to do what they do, either way. The sun still rose this morning, and it still would have risen had the vote gone the other way. Without going political here, elected officials have to start realizing that integration and free trade isn't just there to benefit governments and businesses. If you don't show the little guy some benefits and only saddle him with the downsides, you're going to get backlash.

And you're right. The EU bureaucrats will need a few changes of drawers this morning.
 
Originally Posted By: Mr Nice
Hopefully the American stock market drops 10+ % with this bad (good) news...

Futures are down 3-4%. I'll be making some purchases today.
 
Excellent news. Best of luck to them, Now they have their own independence day.
Make Great Britain Great again.
We have a similar choice come November.
 
It's nerve-wracking to watch the markets. I'd be happy to make some UK purchases, but... what a coincidence, the website of my fave retailer is suddenly down since the vote started last night.
 
Originally Posted By: simple_gifts
Quote:
What does the EU do that cannot be handled by each individual nation?


Create a unified economic force against "troublemakers" to the East.

A veritable "green light" for malfeasance makers who would like the rest of the EU to crumble.


One of the issues that troubled many Britons was being told they had to take 'refugees' by Brussels...many of these 'refugees' did not want to ASSIMILATE but rather make DEMANDS on their host....the same thing is happening here in America...I only hope we have the same fortitude as the Brits to take control of our future.

Say NO to Globalism...
 
Originally Posted By: Jetronic
what does the US do that can't be done by each individual state?


Mississippi, Louisiana, Alabama, and a few other states in the South would be getting along just fine if they weren't being propped up by the federal government, right?
 
Originally Posted By: Ethan1
Originally Posted By: Jetronic
what does the US do that can't be done by each individual state?

Mississippi, Louisiana, Alabama, and a few other states in the South would be getting along just fine if they weren't being propped up by the federal government, right?


Propped up to the extent that they have to meet federal laws and mandates.

Create a problem then create the solution, which subsequently creates a need.
 
Originally Posted By: kschachn
Originally Posted By: Ethan1
Originally Posted By: Jetronic
what does the US do that can't be done by each individual state?

Mississippi, Louisiana, Alabama, and a few other states in the South would be getting along just fine if they weren't being propped up by the federal government, right?


Propped up to the extent that they have to meet federal laws and mandates.

Create a problem then create the solution, which subsequently creates a need.


Yes, but everyone has to meet the same federal requirements. Even Cali! Unfunded mandates are nothing new and have always been a part of the "federalist" process. The "South" is not as bad as some other states. Georgia recieves less but Virginia (vis the Navy in Norfolk/HR and the Pentagon in NoVa) get a lot.

Generally speaking, cities are subsidizing rural areas with the more urban States donating to less urban states (FYI, even states like Navada are more urban as most of the population is in an urbanized area). Idaho is more "urban" as a percentage of its population than is North Carolina.

See: http://taxfoundation.org/blog/why-do-some-states-feast-federal-spending-not-others
 
Congrat "Great" Britain... you will soon neither be "Great" nor "Briton". You just performed the first self-castration of the new world. The UK will rupture. It will be "England" and then the Ireland/Wales/Scotland-EU Union and the midlands will sink into a Detroit-level recession.

Manufacturing and blue-collar jobs will tank in England and move to other EU areas. The "financial" side will figure out a way on the backs of the working class that made their beds.

The whole point of the EU was to leverage the economic interests of several nations against those of a larger area (AKA the US, Russia/SU, and China). So it is like joining teams so that the several smaller economies would not get swallowed up by bigger powers (and the bigger EU countries could impose some of its will on smaller nations... aka Germany and France on others). London boomed as the economic and financial "capital" of the EU economy (see the growth of London compared to other EU economic corridors and that will make since since 1970) and now it will be cut-off and leave others to gain the perks.
 
Originally Posted By: FutureDoc
The whole point of the EU was to leverage the economic interests of several nations against those of a larger area (AKA the US, Russia/SU, and China). So it is like joining teams so that the several smaller economies would not get swallowed up by bigger powers (and the bigger EU countries could impose some of its will on smaller nations... aka Germany and France on others). London boomed as the economic and financial "capital" of the EU economy (see the growth of London compared to other EU economic corridors and that will make since since 1970) and now it will be cut-off and leave others to gain the perks.


That was the point, at least part of it. But you know as well as I do that the devil was in the details, and as far as I've seen the part you note above was not the reasons for exit.
 
Congrats to the UK on their choice. I can see few potential problems raising now.

1. First and most obvious is that only 52% of voters voted for exit. This leaves 48% of people unhappy - that is half the nation.

2.There's a 2 million British citizens living in EU- their legal status will change for worse.

3. Most of the Brexit voters were senior citizens, majority of younger Brits voted to stay- seems bit unfair.

4. Not a biggie, but there's more than 10k British subjects working at Brussels administration.


To me this doesn't come as a surprise. Tensions between London on one side, and Berlin / Paris on other were always intense . For historical reasons they were always solo players.
 
chrisri said:
Congrats to the UK on their choice. I can see few potential problems raising now.

1. First and most obvious is that only 52% of voters voted for exit. This leaves 48% of people unhappy - that is half the nation.


Our last presidential election had a similar result (percentage wise) and the left (and their allies in the biased media) don't seem to be concerned....they certainly don't seem to COMPROMISE to please the other half (despite campaign promises from our 'leader' that he would).
Click to expand...
 
I am SUPER happy they voted to leave.

Democratically they almost handed it all away to the EU it was so close.

They will do great, imagine other countries telling the U.S. what to do? Saudi Arabia? China? Russia?

IMO they will probably find barges loaded with pro Brexit ballots, they will find them buried in fields...

The Elite wanted this and it was destroying Britain... I think more people wanted to quit the EU but "voter irregularites" of destroyed and lost ballots...

That is exactly what happened in Quebec, only the votes to stay in Canada were the ones that were "lost" and turning up in ditches in the woods, it was quite a scandal that got buried here in Quebec.
 
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