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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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Folks on-line