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 BHW Resident Surgeon
Posts: 25352
  
Location: Bastrop, Texas | Europe is in chaos, as England votes to leave the European Union and British PM David Cameron announces his resignation. If you think this won't effect us, I have news for you. Chances are it will. This is a huge development with virtually unlimited potential consequences.
I hope everyone pays close attention. |
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 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | I didn't know this was a thing until yesterday. So I see lots of commonwealth friends wailing over this and how bad it is. What are the implications? My knee jerk reaction is Go Brits, but that's my American independence talking because I have no clue why it would be a bad thing. |
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BHW Resident Surgeon
Posts: 25352
Location: Bastrop, Texas | My suggestion would be to keep a close watch on developments. The initial reaction by markets will not be good. You have to read about this to really appreciate the full potential impact this could have. To be sure, this is a huge blow to the "One World Order" movement.
http://www.foxnews.com/world/2016/06/24/brexit-victory-sends-camero... |
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 Ima Cool Kid
Posts: 3496
Location: TN | The market is tanking. So ready for strong conserative leadership !!
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 Shelter Dog Lover
Posts: 10277
| They voted to leave, Obama has said he will move Britain to the bottom of our trade list if they did. I sure hope our congress stands up to him. |
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 Elite Veteran
Posts: 851
Location: West Texas | Way to go Britain |
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 Own It and Move On
Location: The edge of no where | My initial reaction is - Obummer hates it so it's most likely a good thing. I need to spend some time researching it. |
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 Expert
Posts: 5293
| Tdove - 2016-06-24 7:25 AM
Way to go Britain
Yep, seems as though there is a movement where the CITIZENS are taking back their countries and saying enough is enough!! I predict the same will happen here in the USA  |
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The Advice Guru
Posts: 6419
| This is going to affect the corporate companies, as they will need to add more offices, or pay tariffs to get their product in or out of England.
Now people from UK countries working in England will need visa, passports, etc.
Immigration as before you could float around all of the UK countries without a worry, now England will be just like entering the non UK countries.
It sounds like the complete ramification won't be felt for 2 years as this is how long it will take legally to leave |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | The market is picking back up as the day goes on. This country is simply removing itself from a socialistic union that, just like the U.S., is inviting unvetted foreign invaders by the hundreds of thousands into the UK. London now has a Muslim mayor and the foreign element is taking over jobs that once belonged to people who were actually born in the UK and who need these jobs.
Congrat to the people of Great Britain. I'm sure they'll be on shakey ground for a while but they'll rebound.
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BHW Resident Surgeon
Posts: 25352
Location: Bastrop, Texas | One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked. |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Who the hell does Obama think he is to go over to Britain and tell them what they should do and then threaten them that they would be on the bottom of the trading with the US?
Sounds like the Brits will sacrifice for freedom. I respect them for that and now they can close their borders to Middle East Invaders.
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | So Obama believes in controlling people and this is what Trump said and why I'm voting for him.
"Donald Trump, in Scotland Friday to visit to one of his golf courses, said Britons "took back their country. It's a great thing." He likened the vote to the U.S. sentiment that has propelled him to the presumptive Republican presidential nominee, saying people in the United States and the United Kingdom are angry about similar things including unfettered immigration and trade policies that he claims cost domestic jobs.
"The people of the United Kingdom have exercised the sacred right of all free peoples," Trump said. "They have declared their independence from the European Union, and have voted to reassert control over their own politics, borders and economy."
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Location: Not Where I Want to Be | horsingaround - 2016-06-24 10:23 AM The market is tanking. So ready for strong conserative leadership !!
wait,,,,,,,what?
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Location: Not Where I Want to Be | Bear - 2016-06-24 10:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked.
you have had at any given time 3-5 economies inthe EU that have carried the rest.
One of the givers got tired of carrying the takers.
The domino will be decided on how well the Brits handle their biz going forward.
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 Firecracker Dog Lover
Posts: 3175
| This morning on the news I heard that some folks in Britain were calling this their "Independence Day." The irony of this makes me chuckle. |
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Elite Veteran
Posts: 865
| IMO this is a great move for the Brits and I also think this will help Trump in the election.   |
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Common Sense and then some
Location: So. California | Bear - 2016-06-24 7:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked.
This is really scary....
How this will effect the other EU countries is unknown, and the world markets are showing their unease. The Nikkei market dropped almost 8%, the Dow is down by over 500 points at the opening bell. This will effect your 401K or any investments you have.
The UK has 2 years to formulate a plan and leave the EU. It's going to be a bumpy bumpy ride. |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | Anniemae - 2016-06-24 12:28 PM Bear - 2016-06-24 7:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked. This is really scary....
How this will effect the other EU countries is unknown, and the world markets are showing their unease. The Nikkei market dropped almost 8%, the Dow is down by over 500 points at the opening bell. This will effect your 401K or any investments you have.
The UK has 2 years to formulate a plan and leave the EU. It's going to be a bumpy bumpy ride.
Something has to give with the stock market one of these days. Every time they talk about raising interest rates, which would be a blessing to those of us who rely on CD's, the stock market conveniently takes a little nosedive and the Feds back off.
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 Hawty & Nawty
Posts: 20424
| Obama is a cry baby. He lost his push for amnesty then went on tv to say how disappointed he was and that it will happen one way or the other someday soon... (Whatever) then the GOP unveils and alternative to ACHA. Now this. Like NTO said, who does he think he is to say something "bottom of the trade list.." my arse. Hey buddy, you're no longer revelvant.
Anything against the One World Order mantra is a GOOD THING. Seems Brits want to control their own borders too, because that was mentioned by more than a few of them on FB. |
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 Extreme Veteran
Posts: 473
| I've heard people rejoicing and people saying how bad it is. I guess it really depends.
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 To the Left
Posts: 1865
Location: Florida | After what the EU did to Greece I don't blame anyone from leaving the EU. They are dominated by bully countries like Germany who are trying to turn all of Europe into one big country just like them. |
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Common Sense and then some
Location: So. California | This is a very good article on the vote
http://www.bbc.com/news/uk-politics-eu-referendum-36420148?mc_cid=4bf036eb16&mc_eid=ebfc761c5f |
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Location: Not Where I Want to Be | Vickie - 2016-06-24 3:05 PM After what the EU did to Greece I don't blame anyone from leaving the EU. They are dominated by bully countries like Germany who are trying to turn all of Europe into one big country just like them.
I was wrong
you just topped the other statement
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 Hugs to You
Posts: 7551
Location: In The Land of Cotton | Anniemae - 2016-06-24 1:28 PM Bear - 2016-06-24 7:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked. This is really scary....
How this will effect the other EU countries is unknown, and the world markets are showing their unease. The Nikkei market dropped almost 8%, the Dow is down by over 500 points at the opening bell. This will effect your 401K or any investments you have.
The UK has 2 years to formulate a plan and leave the EU. It's going to be a bumpy bumpy ride.
Your investments in the stock market and your 401k should be diverse. Thus, while loosing some today you should regain back before you retire.
Rule 101 - as you get older and closer to retirement you change and diversify to take less risks.
Unless you are planning on retiring in the next couple of years, you should be fine if you have followed that strategy.
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 Googly Goo
Posts: 7053
| 1DSoon - 2016-06-24 2:12 PM Vickie - 2016-06-24 3:05 PM After what the EU did to Greece I don't blame anyone from leaving the EU. They are dominated by bully countries like Germany who are trying to turn all of Europe into one big country just like them. I was wrong
you just topped the other statement
LMAO! I'm sure there is a more appropriate word but I'll just call it irony. |
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Shelter Dog Lover
Posts: 10277
| Vickie - 2016-06-24 2:05 PM After what the EU did to Greece I don't blame anyone from leaving the EU. They are dominated by bully countries like Germany who are trying to turn all of Europe into one big country just like them. What did the EU do to Greece other than bail them out 3 times. Greece spent themselves into a crisis. Here is a little reading for you:
Greece went on a spending spree, allowing public sector workers' wages to nearly double over the last decade, while it continued to fund one of the most generous pension systems in the world. Workers when they come to retire usually receive a pension equating to 92 per cent of their pre-retirement salary. As Greece has one of the fastest ageing populations in Europe, the bill to fund these pensions kept on mounting.
Tax evasion, endemic among Greece's wealthy middle classes, meant that the Government's tax revenues were not coming in fast enough to fund its outgoings.
Hosting the Olympics in 2004, which cost double the original estimate of €4.5 billion, only made matters worse.
By the start of this year Greece's debt had hit €300 billion, more than the entire value of its annual GDP. This is unlikely to fall quickly, as its current budget deficit – how much its borrowing exceeds tax receipts – is running at 13.6 per cent of its gross domestic product, twice the Eurozone average.
Edited by rodeomom3 2016-06-24 4:59 PM
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BHW Resident Surgeon
Posts: 25352
Location: Bastrop, Texas | Already the media is trying to spin things in a not-so-subtle way. Evidently more EU nations have a significant movement to follow Great Britain's lead, pushing for a referendum like the one just passed by the Brits. "Extreme right wing, anti-immigration" groups are leading the movement.
Here at home, if the market shows a sustained sell-off, you can bet your ass the progressives will pin the blame on Trump. Bank on it. |
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  Semper Fi
Location: North Texas | It would appear this event is applying the brakes to "The One World Order" movement which American Liberal/Progressive/Socialist/Communist so desire! |
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Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | My favorite FB comment I've seen so far:
"Why do people on the left think that Britain leaving the European Union is somehow a tragedy? The nation-state has been the binding force for humans since we became civilized. The idea that some super national governing body will supplant the nation-state is ludicrous. And the harder the left presses for it, the more quickly such efforts will be met with stiffening, even violent, resistance. The pendulum swings". |
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"Heck's Coming With Me"
Posts: 10797
Location: Kansas | Bear - 2016-06-24 10:54 PM
Already the media is trying to spin things in a not-so-subtle way. Evidently more EU nations have a significant movement to follow Great Britain's lead, pushing for a referendum like the one just passed by the Brits. "Extreme right wing, anti-immigration" groups are leading the movement.
Here at home, if the market shows a sustained sell-off, you can bet your ass the progressives will pin the blame on Trump. Bank on it.
That would be a given. They even blamed him for Orlando.
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 pressure dripper
Posts: 8699
Location: the end of the rainbow | Bear - 2016-06-24 7:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked.
I'm interested in this as well. Will the countries that the EU has been bailing out at the more responsible countries expense start to take care of their own business or just go looking for more donors? |
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Semper Fi
Location: North Texas | willrodeo4food - 2016-06-25 10:46 AM
Bear - 2016-06-24 7:48 AM One question is whether or not this will lead to a domino effect and widespread chaos across Europe. How will other European countries react? How will this be felt especially in countries with weaker economies, like Greece and Spain? Unemployment in those countries runs around 25% and unemployment in Europe in general is around 10%, last time I looked.
I'm interested in this as well. Will the countries that the EU has been bailing out at the more responsible countries expense start to take care of their own business or just go looking for more donors?
Excellent question. My money says they go looking for more donors. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | I find it interesting that 4 countries voted yesterday to remain or exit the EU and I haven't heard a word about them in the news.
Scotland voted to remain 62% to exit 38%
Wales voted to remain 48.3% to exit 51.7%
Northern Ireland voted to remain 55.7% to exit 44.3%
http://www.telegraph.co.uk/news/2016/06/23/leave-or-remain-eu-referendum-results-and-live-maps/
Edited by Nevertooold 2016-06-25 12:13 PM
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Shelter Dog Lover
Posts: 10277
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I have heard the news talking about Scotland and Ireland. Thoughts are they will seek independence from the UK to remain in the EU. |
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Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | I knew about Scotland. They voted to remain part of the UK last year so that they could stay in the EU, and now this. Many are calling for a second UK referendum. Their population dynamics are MUCH different from England, having had population stagnation for 120 years now. They're also more dependent on social programs, from what I understand. |
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I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | rodeomom3 - 2016-06-25 12:18 PM I have heard the news talking about Scotland and Ireland. Thoughts are they will seek independence from the UK to remain in the EU.
That was stupid of me as I never think of them being part of Great Britain. They are so different that it has never made sense. |
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Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | Nevertooold - 2016-06-25 12:58 PM rodeomom3 - 2016-06-25 12:18 PM I have heard the news talking about Scotland and Ireland. Thoughts are they will seek independence from the UK to remain in the EU.
Scotland and Ireland were conquered and then rebelled multiple times. The English finally "cleansed" them: removed much of the population or encouraged them to immigrate elsewhere, and quashed the cultures and languages. It was actually Northern Ireland (Protestant) that voted on the EU referendum, because they are separate from Ireland and part of the UK. |
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Meanwhile, out in the real world....