Britan just voted themselves into a depression

[Lance Bass esquire]

Their version of Trump Monkey political fear has won out and now they will pay the price for years to come.

The pound is down 30% since this morning. Our markets will get hammered. DOW is looking like it will open 700 pts down.

Over on the right here they are cheering England's Britan first mentality. This is not good my friends.

Glad I'm out of the market.

This is going to get ugly.

Trump Monkey will be congratulatin the British voters for making their country great again

Buffoon doesn't realize what this is going to do to his golfing resorts over there.

[SoLeftIAmRight]

1. lol

...

[Meldread]

2. Don't worry. The pro-Brexit crowd will be along to tell you...

...how this is a new economic beginning for the UK. Everything is going to be perfect now, and they are going to get so rich they are going to be tired of being rich. The UK can cut good deals, the best trade deals in fact.

[LonePirate]

4. I'm amazed there are so many Brexit supporters here on DU.

I would have thought DUers would have been intelligent enough to realize how awful a Brexit win would be for the world.

[davidn3600]

6. Some DUers still support democracy

Can't trust the common man with such big decisions, right?

[Lance Bass esquire]

9. Of course they have the right to leave if majority rules

I don't think they realize the ramifications of what they voted for both short and long term.

[Corporate666]

49. What are the ramifications?

Because there isn't a single person in the world who KNOWS exactly what will happen.

So those saying "they don't realize what they have done" are at least as ignorant of the ramifications as those they claim voted out of ignorance of the ramifications.

It's a safe bet that those predicting worldwide economic collapse are wrong, as are those predicting an immediate golden age for the UK.

Truth is, it won't be nearly that dramatic - not even close.

[jack_krass]

69. "I don't think they realize the ramifications of what they voted for both short and long term "

I don't think they realize the ramifications of what they voted for both short and long term

This comes off a bit condescending. Keeping in mind that they do live there, I think they just might have a wee bit more insight into this than you do.

[joshcryer]

11. It's possible to support their self-determination...

...but also say that they were played like fools and are going to get totally screwed for it.

The South goes Republican regularly. It's possible to support their vote and still tell them that they're voting against their interests.

Same thing here.

[Meldread]

13. Exactly.

I support the will of the voters to make a decision. I just think it is an awful choice, and now we are faced with awful choices in dealing with the repercussions.

[still_one]

27. very well put

[Corporate666]

50. So... an American from the mid-west

knows what is best for Britons living on a different continent in a different country that said American has likely never lived in?

Who decides what is in each person's best interests? How do you know what is in the best interests of southern republicans? Are you the arbiter of what issues are important in life and which are not? Is a woman who votes single-issue on abortion voting against her interests if she voted for a politician who is weaker economically but pro-choice? Or is another women who cares about economics and not about abortion and votes the opposite candidate - is she voting against her interests?

Who is arrogant enough to think they know what someone else's interests are?

[joshcryer]

59. I'm free to have my opinion, I can be totally wrong.

But I don't think it takes a rocket scientist to know that UKIP is not good for the UK, nor is the far right wing sentiment that is filling that country. A woman was killed for wanting to stay in the EU. Killed. Murdered. In cold blood. The murderer thinks he's a patriot. That's the kind of sickness that UKIP is spreading.

The mass deportations will happen. There will be unrest since 10% of the population is immigrants. You will have profiling, an Orwellian nightmare.

Now that's just my mid-western opinion. So what? I can share it. And if I'm wrong I'll admit it.

I won't fucking be wrong about the fascism that is inundating the EU. It will happen.

[beachbum bob]

65. you are more right on this than most around here. Leaving EU will not be a positive for England

and yes...england will suffer, EU will suffer and the world will suffer as we see the raise of the growing hate

[TexasMommaWithAHat]

77. Labor voters put Brexit over the top

Labor leaders didn't support Brexit, but the areas with a high percentage of Labor party voters did.

This was about a lot more than xenophobia

[Fresh_Start]

79. you have put your finger on one of the major flaws in our thought processes

I'm wondering if such arrogance is human nature or something that we as a country have a special talent for

[BlueMTexpat]

55. + a million or so! eom

[LonePirate]

12. Brexit was pushed by the UKIP (Britain's version of Trump's Republicans).

DUers should never have been in support of Brexit. There's little difference between a DUer supporting Brexit and a DUer supporting Trump's policies.

Believe it or not but it is possible to acknowledge the results of the vote and still think the voters made the wrong decision.

[anigbrowl]

15. No, apparently you can't

This is the most perverse electoral outcome I've seen in my lifetime, awful presidencies included. The consequences for the international order are potentially catastropic. As an EU citizen I am deeply worried about the future of my polity.

[TeamPooka]

35. especially when you play up to their worst fears and racial hatreds, right? That was how this was

sold to them.
Nothing like a little political assassination to seal the deal for the UK voters too.

[yeoman6987]

47. I don't think it's our business really

The voters spoke in England. It's done. I think most English wanted freedom to run their country. Americans did the same thing in 1776.

[Humanist_Activist]

64. What you say is true, and Northern Ireland and Scotland will now want that same freedom. N/t

[yeoman6987]

73. And they should vote again to see if they can pass it this time

I am all for any country wanting freedom especially if the citizens vote for it.

[Corporate666]

7. Some of them are intelligent enough

not to resort to posting outrageous lies to over-dramatize the impact of a Brexit.

And some aren't.

[Lance Bass esquire]

20. Thats true but

Norway and Sweden are tiny players on the world stage. It's like comparing Schenectady To New York City. Sure they are both in the same state but they are two entirely different places fiscally.

[pokerfan]

41. John Oliver said it best... in song....

[Native]

80. Just fucking brilliant! Thanks for this.

[TubbersUK]

43. Yes,

and of course the Tories and their cronies will suddenly develop a thirst for social and economic justice thus ensuring that everyone benefits from the bonanza.

They'll discard their long held belief that more money motivates the rich and less money motivates the poor. They'll embrace social spending and defend workers rights to the death.

It's gonna be great.

Who needs EU underpinned employment standards and workplace rights.

[davidn3600]

3. Eh... the market will bounce back

It's over-reacting right now. It will plummet tomorrow and then rebound on Monday when the dust settles.

[Lance Bass esquire]

5. Just wait tI'll Trump supporters check their 401ks

In a month...I have played the market since mid 90s.
This is not going to be a couple week correction. This will be a long term massacre. JMHO

[swhisper1]

8. yup

england removed its wort, but isnt closing trade and wont be giving away money anymore. I pity the small EU countries, but they may negotiate deals with england, in fact, I think deals are already made.

[Rex]

14. So far the wild eyed speculation has covered WWI, WWII, a Cold War with the UK and

the global economy tanking For Good this time yep yep! And I GET called a CTer!? Maybe a few folks here need to take a breather.

[Lance Bass esquire]

17. Don't know who said its tanking for good

But this won't be a little bump in the road.

Most likely going to return to the recession state it was durring tge Margaret Thatcher years.

One good thing that came out if that was Punk Rock so it's not a total downer.

[still_one]

32. no it isn't good. I understand some folks think that only the 1% are hurt, but the

reality is that the 1% are really never hurt. If the economy tanks, the 1% will still do quite will, it will be the middle class, and poor who will get hurt the most.

[Bluenorthwest]

74. Sex Pistols 1975-1978. Margaret Thatcher became PM in 1979. Harrold Wilson was PM of Punk...

Callaghan after Wilson. Then MaggieT.

[joshcryer]

16. The UK can't come back from this.

They're a tiny island nation whose status in the world has largely been illusionary. By stepping out of the global market sphere of influence, they have effectively opened the door to becoming that very small island nation status. The UK's economy is almost 80% services. They have nothing to offer other than that. Mediocre manufacturing, little agriculture, little construction.

Meanwhile the move indicates a move toward right wing populism (also known as fascism) in EU, largely fueled by xenophobia and anti-immigration, thus further splitting the countries apart.

[davidn3600]

19. The EU is not going to make it

I'm sorry, but that organization needs serious reform or it won't make it 10 years.

Soon, Britain won't be the only one looking to leave.

The debt, the migration, the terrorism, it's killing that continent. Something has to change. The status qup won't work. And a majority of Britons can see that.

Next year, Germany has national elections. And polls are already suggesting Merkel and her party are vulnerable. AfD party made big gains a months ago. If the right wing takes over there.....kiss the EU good-bye.

And I predicted it... I said it last year the immigration that is completely out of control will be the straw that breaks the camel's back.

[joshcryer]

21. Very possible.

I don't see the disagreement here.

The whole of the EU and its partner states is on the verge of becoming a splintered state and a splintered faction, kinda like before, you know, the EU was put together. When we fought two world wars and almost a hundred million people were killed. Fun times.

The problem with the immigration crisis is that, in reality, you cannot stop it. A million or so Mexicans came or used to come to the US in the past few decades, every single year. It was and continues to be unstoppable. Short of Trump style deportation forces people will utilize their fundamental right to travel and will come to safer countries.

[joshcryer]

25. Fundamental rights transcend law.

You can of course have mass Trump style deportation shock troops, that's perfectly valid. But that's your moral imperative. Other than that you're not going to stop people from trying to get away from a hellhole.

Basically, to stop people trying to get away from a hellhole, you gotta make it hell on them so they don't even try.

[joshcryer]

29. UK's immigrants come there legally.

[The2ndWheel]

31. How can rights transcend law?

The only reason there is something called a right is because of the law. Rights don't exist in physical reality, somewhere outside of the human mind. Trying to get away from a hellhole isn't a fundamental right, it's just trying to get away from a hellhole.

[joshcryer]

37. Call it what you will.

I was going from a natural rights angle. Also the EU lists freedom of movement as a right, etc.

[davidn3600]

36. Not sure the EU's core purpose was really to prevent war

It originally formed under the umbrella of NATO and a common threat of the Cold War. NATO is probably keeping the peace better than the EU is. The EU's foundation was always more a economic trade union to push for common economic interests. It got more political with time...perhaps too political. And that's what has caused some of its problems. It's done a poor job of attempting to micro-manage the smaller economies. Greece last year felt like they were being bullied by Germany. Now Britain, a larger economy, feels they are being bullied themselves and want out. So Brussels really needs to take a step back and re-evaluate things.

As far as migration, it is and always will be a tenuous issue. But it's not the same thing America is experiencing. It's become a much bigger issue in Europe than it is in America for a number of reasons. One being the population numbers. In America we have 11 million illegal aliens (the number the politicians use all the time) and we have a population 320 million. It's really not that big of a crisis here. Those 11 million came here over the period of decades. Over in Europe, it's a flood of millions into countries with much smaller populations than the US over a short period of time. Also, the cultures are not nearly as compatible as they are here. Mexican immigrants are mostly Christians. They share common social values with most Americans. Over in Europe, you have a major clash of two different religions that certainly DO NOT have a good history coexisting with each other.

And the EU has done an absolutely horrible job managing that issue. There is no answer to questions about where these people are going to work. Where are they going to go to school. Who is going to pay for them? Will they sit in refugee camps indefinitely? These are questions Europeans want and deserve to have answered. The EU has no answer for them. Many don't feel there is any real leadership. You got 3 major terror attacks in 18 months going back to Charlie Hebdo. You got a mass rape in Cologne, Germany that the government tried to keep quiet. You still got people dying on rafts trying to get across the Mediterranean. Other countries like Slovakia and Hungary want to build walls.

These are all big problems that can't be just explained away with xenophobia and racism. There are serious social, cultural, and economic questions that need to be answered.

[Volaris]

57. The EU tried to establish a common economy without establishing a common government to control it.

If there had been a common continental government (or even an interstate agency to administer what the individual players wanted to do) Greece would have never been allowed to dig itself into the hole it did, but even if they had, Germany and France and Etc would have been on the hook to help them get out...it's why it works here (cause if Kansas wants to go ahead and wreck their economy by electing idiots, the rest of us (via FEDERAL programs) are are at least marginally required to bear some of the consequence of that idiocy) and why it doesn't work there. The only reform to the EU that would make a continent-wide currency actually sovereign would be a continent-wide government to put limits on its abuse. That would require member States giving up a good modicum of state sovereignty to a more umbrella-type government or Sovereign Agency, and that isn't about to happen--as Britain just demonstrated. If there is ONLY a central currency and nothing else, then the Central Bankers will be the ones to determine who thrives and who dies over there. Not Good. The economies of the large states will look like Germany and France, and the economies of smaller countries will look like Greece...exactly the OPPOSITE of what the Euro was supposed to accomplish...

[BlueMTexpat]

61. Per the EU website, its history

and purposes are described below:

The history of the European Union http://europa.eu/about-eu/eu-history/index_en.htm

1945-1959

A peaceful Europe – the beginnings of cooperation

The European Union is set up with the aim of ending the frequent and bloody wars between neighbours, which culminated in the Second World War. As of 1950, the European Coal and Steel Community begins to unite European countries economically and politically in order to secure lasting peace. The six founding countries are Belgium, France, Germany, Italy, Luxembourg and the Netherlands. The 1950s are dominated by a cold war between east and west. Protests in Hungary against the Communist regime are put down by Soviet tanks in 1956. In 1957, the Treaty of Rome creates the European Economic Community (EEC), or ‘Common Market’.

The UK didn't even join until 1973. Yes, one of the EU's core purposes was to prevent war in Europe in the economic, political, social, educational and cultural senses.

The EU has actually been a victim of its own success in many ways. For example, I believe that its recent expansion to several countries that really did not - and in some cases, still do not - have true democratic institutions because of decades under autocratic systems has weakened it. Yes, there are problems with the Eurozone because of bad governmental economic policies (sort of like there are economic problems in some US states because GOPer economics have brought them to the verge of bankruptcy). And yes, the bureaucracy has become especially cumbersome because of trying to give every single country a voice and translating every single document into every single European language, etc. It was more efficient when it was a smaller entity. But overall, it has resulted in many more pluses than minuses for ALL countries involved, including the UK.

I'm not sure how NATO keeps the peace in Europe better than the EU does and find that to be a very strange statement. If anything, NATO expansion has resulted in more EU-Russia tensions. The EU doesn't have a military. It seeks to erode the underlying causes of war. NATO has only been needed for special conflicts, e.g., in the Balkans - when those fledgling states were NOT EU members.

The current refugee crisis shows that xenophobia has never been too far beneath the surface in any EU country (and in the US too). But Britain's exit from the EU will certainly not prevent refugees from reaching its shores. It will, however, make life MUCH more difficult for Brit expats living in EU countries, especially retirees, because they may have more difficulty in receiving UK-based pension payments.

I also wonder what this vote will ultimately mean for residents of Gibraltar. As members of the EU, Brits could pass freely between Gibraltar and Spain. Since this little enclave has been considered a political hot potato for years, its economy may also be adversely affected by Brexit.

[Corporate666]

51. You're drawing a parallel that doesn't exist

The EU was not formed in response to WW2, nor was the EU a derivation of WW2. No more than NAFTA was a derivation of WW2 for the USA. They're just unrelated.

The EU doesn't prevent war. It doesn't consolidate member states' militaries. It doesn't force member states to cede control of their militaries to the EU hierarchy. It does, however, force countries with radically different economies and societies to homogenize, sometimes kicking and screaming. Look at what happened in Greece. Greeks are pissed because they feel that Germany made them dance like a puppet because Germany had hogged all the wealth and gave them a trickle back only if they danced for them. Germans are pissed because their culture is one of saving, responsibility, hard work, working together for the betterment of all, etc. And they see the Greeks as being lazy, irresponsible and demanding. They are furious that their savings and livelihood went to bail out their free-spending young sibling who should have been kicked out.

That never would have happened if Greece had the drachma and Germany had the mark. Their currencies would have found their relative values and Greece alone would have faced the repercussions of Greek spending.

Forcing disparate cultures and societies together is what leads to wars. It breeds anger, envy, grudges and combative rhetoric.

I also disagree that the immigration crisis is unstoppable. The people are being allowed in because the laws of the EU are such that you can't turn away refugees. You obviously do have to control it because otherwise the USA would have probably several billion willing and anxious immigrants. That's obviously untenable, so we engage in actions to curb immigration while saying we're pro immigration. Just like the EU does. It has to be that way.

[BlueMTexpat]

54. Britain was not even a founding member

of the EU and only joined when it saw that it would be more economically beneficial to be a member. The EU will certainly survive without the UK, which already had an unprecedented legal status: it was neither a member of the Eurozone nor was it party to Schengen. It was able to have its cake and eat it too. Now it's just left with the crumbs.

Evidently the UK has forgotten its history and rationale for joining in the first place. It will soon be reminded, especially since this vote will likely ultimately mean the end of the UK as now constituted. The result of Scotland's referendum to leave last year was VERY close and BOTH Scotland and Northern Ireland voted overwhelmingly to remain in the EU. England and Wales were the dissenters.

I see a new Scottish referendum in the future and this one will result in Scotland's departure from the UK to rejoin the EU. Who knows what ultimately will happen with Northern Ireland? But some Irish politicians foresee some kind of union/agreement with the Republic of Ireland so that Northern Ireland can also remain in the EU.

Talk about cutting off one's nose to spite one's face! Britain has really done it to itself. It is no longer the mighty British Empire - it hasn't been since the end of WWII. This vote will ultimately serve to isolate England and Wales economically and that will not prove to be a good thing.

[Native]

82. Perhaps not. I'm reading that EU countries are looking at becoming even more attached to each other

now that Britain will be out of the picture. Guess the UK was more of a polarizing element than I realized.

[joshcryer]

24. Ahh, but the empire is almost dead.

You speak of the royal navy as if it's some strong thing, yet 25 odd years ago they had twice as many frigates and destroyers than they do now.



They have 6 destroyers to our ... 60. Heh.

I think the largest reason there's an issue being made is that they're the most powerful English speaking country as of now and are kind of our influence in the EU sphere. Without the UK there pressuring, then we lose the influence of NATO as well. Remember, a Trumpism is to get rid of NATO, something Putin wants, and something a lot of right wing populists want and something a lot of leftists want as well.

No bueno.

[LeftyMom]

33. *Scotland* has the oil reserves. And most of the military. Now go look at the vote map.

Notice the problem?

[LeftyMom]

40. Rockhopper puts the two Falklands deposits at 1 billion barrels total.

Since they're looking to hype an investment one would assume that's an inflated figure. And there's the small matter that extracting it would mean another war with Argentina.

Oil and Gas UK estimates the remaining recoverable North Sea reserves at 10 billion barrels.

I really don't think the Leave camp thinks these things through.

[Denzil_DC]

48. What's the quality of that Falklands oil, do you know?

Is it sour, like Venezuela's?

[LeftyMom]

85. I can't seem to find an answer to that question.

Several previous efforts in the Falklands were hyped and then when exploration went a little farther there would be vague comments about the quality and dubious commercial viability of the deposit. And those were in much more favorable market conditions, so I'm guessing it's not great quality but who knows? It's a secretive industry.

[TubbersUK]

38. I'm not sure that I recognise the UK in your description

As far as I know UK oil is well past peak and domestic mining is all but defunct - we import coal now.

There are some UK mining 'giants' operating overseas - I don't know how much of that revenue is repatriated via taxation but If I had to guess I would say not a lot.

Manufacturing is close to extinction, the service sector (including financial services) now produces almost 80% of GDP.

As you point out, we do have a few notable companies left, but the overall picture isn't particularly pretty. Quality jobs are scarce, particularly outside London and the Midlands.

Zero hour contracts and minimum wage jobs predominate in very many areas and we have a growing precariat.

http://www.ft.com/cms/s/0/2ce78f36-ed2e-11e5-888e-2eadd5fbc4a4.html#axzz4CThTpMMS

[Denzil_DC]

46. "They have one of the largest and most powerful navies in the world still"

LOL

In 1982, the UK had to scrabble desperately to drag ships out retirement and commandeer civilian vessels to gather a surface fleet for the Falklands Expeditionary Force, and even then the relatively tiny Argentine forces managed to give it some severe bloody noses. Its surface fleet is even more depleted now, not least because of its fetish for Trident and the Trident replacement.

It's had enormous problems replacing its aircraft carrier fleet, and when operational, they'll deploy the problem-blighted F35B.

It has substantial oil reserves, yes, but the bulk of these, unless you think fracking a small archipelago to smithereens is a good idea, lie in Scottish waters, so access will be dependent on keeping Scotland (and particularly Shetland, to the west of which vast hitherto unexploited reserves do indeed exist) on board, and hoping that oil prices rise enough to bring in significant revenue again.

Who owns those "largest mining corporations in the world", BTW? Thatcher didn't believe in nationalization and didn't think managing mineral resources should be the business of government, so overseas companies have been the main beneficiaries over the years.

London's currently a major financial centre, with the good and bad that brings. What guarantees that will continue now? The country's still reeling from the 2008 collapse, FFS.

Most of the UK's major companies in the fields you mention are foreign-owned because successive UK governments since Thatcher didn't think manufacturing was important and preferred to focus on service industries and the money markets.

Military technology - yes, we'll flog arms to all sorts of horrible regimes, not infrequently to see them turned against our own forces. Again, what do you know of the ownership of those companies? Check it out.

How much of that scientific research is currently sponsored by the EU? I'm seeing anguished social media posts this morning from PhD students and beyond who're shitting themselves because they don't know if their research funding will continue.

Maybe you don't live in the UK. If you did, you might be a lot less complacent about all this.

[BlueMTexpat]

56. The UK may indeed have

substantial oil reserves.

But if Scotland leaves the UK as it likely will (Scots overwhelmingly voted to Remain and have been restive about their UK relationship for years), this may become quite problematic.

This vote result is ultimately likely to leave England and Wales standing alone. Leaving a major trading bloc is NOT a good thing for them.

[backscatter712]

63. Actual bounce or dead cat bounce? n/t

[ucrdem]

18. Didn't think it could happen

doesn't bode well for November frankly but I guess we'll cross that bride when we get there. Meanwhile sympathy to all who will suffer. There might be a sliver lining here or there but overall I think this is going to bring a lot of trouble.

[Iliyah]

39. You rnean for T-rump?

That's the way I see it. Ya think Prez O and his adms. are not prepared? They are pretty darn smart and prepared. So glad he's president.

[ucrdem]

52. I think it plays into Trump's hand.

Trump might have international business connections but politically he's an isolationist and that's the horse Brexit rode in on. Globalization is about as popular as affirmative action on the ragged right so the trouble will come to the immigrants and refugees whose lives are going to get even harder as this plays out.

As far as November I don't think it will fatally damage Hilllary but it does come at a good time for Trump who seems to be on the ropes at the moment.

[Johnny2X2X]

42. The consequences will be huge

Wait until the backlash from other European countries starts. Great Britain could very well go into a decade long depression.

[Hekate]

44. Seeing the way global markets are plummeting, looks like we'll all share in the disaster to come.

Seriously, not a cheery thing.

[nikto]

45. Hatred of the big trade deals fueled Brexit, rightly or wrongly

Just like with TPP here in the US, there is a growing backlash against TTIP in Europe and the UK.
Brexit, in part, is the rw knee-jerk reaction to elite deals like those, energized by xenophobia and racism.

Nonetheless, I join with those who despise and oppose deals like TPP and TTIP.
But Brexit may be an unfortunate way to push back on these lopsided, Top 1%-favoring deals.


http://www.independent.co.uk/news/business/news/ttip-eu-referendum-brexit-leave-uk-powerless-trade-a7095846.html

https://www.theguardian.com/commentisfree/2016/apr/25/ttip-vote-brexit-barack-obama-leave-eu-trade-deal


http://www.independent.co.uk/voices/comment/what-is-ttip-and-six-reasons-why-the-answer-should-scare-you-9779688.html

[ucrdem]

53. Partly but I think the real motivator was immigration especially refugee immigration.

But when you get down to it they're two sides of the same coin at least in the ways they are perceived.

[TubbersUK]

58. Sadly, from what I've seen over the course of the campaign

the key issue was immigration - fueled by UKIP and some of the more toxic official Brexit campaigners.

Many voters were willing to gamble the economy in the service of xenophobia - fewer were willing to compromise their stance on immigration to avoid the impact of exit on the UK economy. As far as I can tell, the EU trading framework itself wasn't an issue for most people.

A lot of voters have been struggling to get by in recent years and many blamed immigration and, by extension, the EU. Some of us were more inclined to blame the UK government for declining living standards but to no avail.

[DCBob]

60. Can they have a doever if it gets really really ugly?

Seems many who voted for this might be thinkiing... oops.. this morning.

[joshcryer]

62. "Let the world burn" types tend to wait awhile.

Before crying for their mistake to be reversed (see: Greece).

[sendero]

66. I doubt it.

..... once again folks are REFUSING to understand why people are ANGRY and want CHANGE.

The world economy is FUCKED with NEGATIVE INTEREST RATES, crippling UNEMPLOYMENT, financial shenanigans running rampant and the people CORRECTLY see that institutions like the EU favor ONLY THE RICH.

Almost any outcome would be better than living in a system totally rigged by the oligarchy. And GUESS THE FUCK WHAT? Similar changes are coming to our great country so get the fuck used to it.

THERE IS A PRICE FOR THE RULING CLASS for creating ABJECT FAILURE.

[Denzil_DC]

70. But those who're in the upper echelons of Leave

and likely to gain UK office because of this vote are committed to making the UK a microcosm of all those problems you've just mentioned. They won't do more than pay lip service to any of those issues. They have no solutions, and they certainly won't be less neoliberal than the EU as a whole. This is the land of Thatcher, after all. Her legacy hasn't gone away.

[sendero]

71. At least....

.. the people of England have a chance to vote for solid accountable leaders. In the EU, they have no say whatsoever over large swathes of policy that comes from Brussels with no option.

[Denzil_DC]

72. Have you ever heard of the House of Lords?

How many of our civil service, who can wield as much or more influence as any elected politician, have ever been subject to a popular vote?

[muriel_volestrangler]

75. Here's why they wanted 'change': immigrants

52%: The number of immigrants coming into Britain
22%: Britain's ability to make its own laws
18%: The impact on Britain's economy
14%: Impact on public services/housing
10%: The cost of EU immigration on Britain's welfare system
7%: Cost of EU membership fees
5%: The impact on British jobs
Others under 5%.

page 36: https://www.ipsos-mori.com/Assets/Docs/Polls/pm-16-june-2016-tables.pdf

[sendero]

78. The people have EVERY RIGHT..

... to not want millions of immigrants taking residence in their country.

[muriel_volestrangler]

81. At least you're facing the reality of why they voted

This was a Tea Party vote.

[muriel_volestrangler]

84. That thing about negative interest rates? "UK interest rate 'likely to hit zero' following Brexit"

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy following the vote to leave the EU.

David Tinsley, UK economist at UBS said Brexit meant "sharply lower growth, a large drop in the pound, and further easing from the Bank of England."

He expects two rate cuts from Bank of England over the next six months.

It would take rates from a current record low of 0.5% to zero.

http://www.bbc.co.uk/news/business-36621554

[ileus]

68. I can't believe they wouldn't listen to us...

Now look what they've done, it's almost like they had their own country.

[Hoyt]

76. Look what happened last time Nationalism and My Country First ruled the world.

[B Calm]

83. They say it will take up to 5 years for all this to happen. Watch Wall Street Banksters

today with a new excuse to steal your investments.