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The one thing from 2016 that will definitely be in the history books (if such still exist) 100 years from now just happened: the United Kingdom has just voted to exit the European Union, reversing the course of transnational cooperation in one of the few places where it seems to have been more or less working. Scotland — which voted overwhelmingly and uniformly through its territory against leaving the EU– is expected to leave the UK instead and petition for entry to the EU on its own country. Many think that Northern Ireland will leave the UK as well, getting automatic entry into the EU as well by voting to reunify with Northern Ireland, which for anyone above 40 is just a jaw-dropping possibility.
Here at home, Bernie Sanders voters are freaking out because Boris Johnson — the quarterback of Team Brexit pictured above and the likely next Prime Minister of the UK now that his main opponent on the issue, Prime Minister David Cameron, is resigning in disgrace — is cut from the very same bolt of cloth as Donald Trump, except for being very smart and actually funny, if you like aggressive put-down humor. So for us, this is like a huge klaxon alarm going off saying “TRUMP CAN WIN THIS YEAR GODDAMMIT AND IT WON’T EVEN NECESSARILY SHOW UP IN THE POLLS UNTIL AFTER IT’S TOO LATE!” You can’t beat a charismatic right-wing populist with a centrist milksop like Cameron (or Hillary Clinton); you need someone inspiring like a left-wing populist who can argue that people’s own economic problems aren’t due to poor people being too brown but to rich people being too powerful.
But then again, Trump is not the politician that Boris — the departing Mayor of London — is, so the day of reckoning for Democratic Party centrism may yet not come until we hit an iceberg under Captain Hillary in the 2018 midterms and get crushed in the 2020 general election by, who knows, Ann Coulter or someone like that.
What does this mean for Orange County, you ask? Two things,
(1) Housing prices will drop as foreign investors instead go buy up the largely evacuated financial district in London, and
(2) Villa Park will become the new capitol of the United States.
This is your Weekend Open Thread. Talk about that, or anything else you’d like, within reasonable bounds of decency, decorum, discretion, and stiff-upper-lipness.
At least online, this news has yet to reach the OCReg ! lol. (Times has it.)
“reversing the course of transnational cooperation in one of the few places where it seems to have been more or less working. ”
Brexit voters apparently didn’t think so.
Soon most of England will Farage in the dumpsters.
Oh, THERE it is. A house selling for $800K and a lady losing 100lb are apparently way more important.
Actually, you couldn’t be more wrongthe financial impact of the split on real estate.
London commercial real estate has been overvalued for sometime, it won’t drop to a point that “wealthy foriegn investors” flock to it.
The impact on real estate values domesticaly should be non existent, absent rate fluctuation. While there is a “bubble” in California, the coming correction will be a factor of long suppressed interest rates.
No matter, the safest real estate investments remain in domestic diversified portfolios.
As for Villa Park, SSHHH It’s a great kept secret!
Hi Mark. Please reply to the email I’ll send you later.
From Salon:
“Make no mistake, a band of thugs have won the day. Using a shameless, self-interested tabloid press, a feckless group of hypocritical elites (Boris, Farrage, Gove…) harked back to an imaginary British past of crumpets and glory, and succeeded in selling the myth that leaving the EU means “taking back control.”
Today is a victory for the far-right across Europe, for tribalism, divisive politics, irredentism, and an incredible rejection of evidence-based policy. This was not a courageous day. Common-sense did not prevail. This will be remembered as a foolish, over-zealous, icarus moment.”
http://www.salon.com/2016/06/24/as_a_british_citizen_i_am_oscillating_between_sadness_and_rage_brexit_is_the_worst_of_times/
Hopefully the UK’s folly will serve as a cautionary tale for the US.
I love the smell of liberal fear in the morning …. it smells like … victory.
Soon to be replaced by the stench of creeping Fascism.
He’ll love that too.
The brilliance of the Brexit voters:
“Hours after the United Kingdom voted to leave the European Union, its residents wondered, what is the EU, anyway?”
http://www.huffingtonpost.com/entry/brexit-what-is-the-eu-google_us_576d2dfee4b0dbb1bbba3911?section=
**********************
“The Best of British “Leave” Voters Realizing They’ve Made a Huge Mistake”
Ryan Richardson @RyanRich_
I voted leave to help our economy. However the £ has plummeted and I immediately regret my decision . Plus Farage is a lying tosser!
2:14 AM – 24 Jun 2016
http://www.slate.com/blogs/the_slatest/2016/06/24/british_voters_regretting_their_decisions_a_roundup.html
****************************
The angry idiots who voted for Brexit and tanking their own economy in the UK are the same angry idiots who support Hair Dumpf in the US.
How many Americans (angry or not) can explain the function and rules of the Electoral College ?
File this under “Oops”:
“As Britain awoke on Friday to the news that it had voted in favor of withdrawing from the European Union, voters were introduced to their new reality with a stunning admission from Nigel Farage, the pro-Brexit advocate who leads the U.K. Independence Party. Farage said that the Vote Leave campaign’s signature pledge—that leaving the European Union would allow for £350 million to be spent on the U.K.’s National Health Service—was a “mistake.”
Farage’s mea culpa was made during an appearance on Good Morning Britain, where he was asked if he could continue supporting that promise after the campaign to extract the United Kingdom from the European Union had succeeded.
“No I can’t, and I would have never made that claim,” Farage said. “It was one of the mistakes I think the ‘leave’ campaign made”
http://www.motherjones.com/politics/2016/06/nigel-farage-admits-his-bold-brexit-claim-was-mistake
And this-
https://www.yahoo.com/news/more-30-people-burned-tony-robbins-hot-coals-124833010.html
Nailed, the four big “Stay” Brexit EU lies:
Talks with Turkey will start in days
Brexit WON’T spark trade war say Germans
Brussels will NOT reform on open borders
Deportation of jobless EU migrants a myth
http://www.dailymail.co.uk/news/article-3655236/Nailed-four-big-EU-lies-Talks-Turkey-stall-Brexit-WON-T-spark-trade-war-say-Germans-Brussels-NOT-reform-open-borders-deportation-jobless-EU-migrants-myth.html#ixzz4CWPccbwS
Just the headlines ….
CAMERON QUITS… WORLDWIDE MARKET CHAOS… Pound Plummets To 31-Year Low… Dow Drops 500 At Opening Bell… $2 Trillion Wiped Out Instantly… UK No Longer The 5th Largest Economy In The World… IT BEGINS: Sinn Fein Wants ‘United Ireland’ Vote… Minister: Scotland Independence Referendum Is On The Table… Brexit Prompts Calls From Other Nations To Leave EU… Euro Leaders: ‘Leave Means Leave’…
I’ll bet you were hiding in your room in the week approaching New Years Day, 2000, too.
We won’t really know the full impact of Brexit for awhile, in the short term though, it IS bad. Interesting that you and your right-wing brethren think tanking an economy out of ignorance and spite is a good thing.
I can only surmise that you have nothing to lose.
Sorry, along with all your OTHER assumptions. WRONG. But projecting your own uninformed opinions / motives on Brit voters (and myself) is wasted breath. Thanks to “fixes” by many central banks who managed to convince the world they knew what they were doing, the majority of world economies are perilously near the “tank” with or without Brexit, and opponents will now blame it for ANYTHING that happens, unhindered by any rational connection, economic or otherwise. Know how Japan’s last few decades have been? What interest rate POLARITY is now in Europe ? They managed to get an economic seat to Alice’s Tea Party (not US TP!) and the Brits have had ENOUGH, along with realizing their source is an UNelected, UNacountable, UNremovable authority in a foreign country, highly tax paid, highly influenced by multinational corporate interests and supplanting their soverignity . Love the TPP and TTIP? Same idea. Mainstream Pols and media are trying to convince/scare them that it’s just wonderful. they are tired of swallowing. Change is never pretty or comfortable, but jail “isn’t so bad” after a few years, huh?
From –
money.cnn.com/2012/11/07/investing/stocks-markets/
….” during the two days after Obama was elected in 2008, the Dow plunged more than 900 points, or 10%.”………
Volatility is not always an indicator of anything. The “$2 Trillion wipeout” above is highly unlikely. only if EVERYONE IN THE MARKET panicked and sold, or had no hedged positions.
“Volatility is not always an indicator of anything”
That “volatility” was the beginning of the Great Recession.
But thanks for making my point.
From-
“We won’t really know the full impact of Brexit for awhile”
To-
“That “volatility” was the beginning of the Great Recession.”
Something “fuller” than that ? You might consider keeping your “points” straight. Many folks smarter than me advise against using ANY single indicator for ANYTHING without another to confirm it, and those won’t exist till Markets open Monday (Later tonight for EU) so I don’t see anything but opinions made about anything. Enjoy the week.
Umm, you seem a little confused BBORW, let me clarify for you. You’re the one who used the volatility in 2008 as an example of volatility not being an “indicator of anything” when in fact it IS a very good “indicator”.
I’m still in the camp that Britain’s longterm economic future is unknown but we do know that in the short term, damage has been done. And that damage was self-inflicted by a bunch of ignorant, angry, short-sighted rubes who are now regretting their recklessness.
They should have just voted to put the Queen in charge.
Tossers.
Microsoft reported a HUGE hit based on their allowed (EU) accounting practice of “cookie jarring” service contract revenue. Likewise, Goldmans bet Remain and took a nice shot on the exchange rate.
This is what happens when people VOTE. Change is possible. No matter how you feel about the outcome, the people have spoken. Always good to see things get shaken up.
This could be foreshadowing of November here, welcome to the Trump Revolution.
“This could be foreshadowing of November here, welcome to the Trump Revolution.”
Yeah, let’s trash our economy just like the Brits! What could possibly go wrong? Who could get hurt? Who cares? Just let the bad times roll!
FWIW-
https://youtu.be/eB3SWBDYung
^^^^^ (For WOT) NOTHING to do with Brexit, it’s a YoungTurks video about vote count problems with the California Democratic Primary.
Sorry, I missed typing a description.
Instant regrets:
More Than 1.5 Million Britons Are Demanding A Second EU Referendum
Oh the poor angry right-wing idiots, they wanted to punish someone and ironically, it turned out to be themselves. Can Hair Dumpf supporters learn from this? My guess… probably not.
ooooooooHHH, that sounds SCARY, until you RESEARCH the actual count of VOTERS, which was
17,410,742 Leave 16.141,241 Remain Difference 1,269,501
http://www.theguardian.com/politics/ng-interactive/2016/jun/23/eu-referendum-live-results-and-analysis
and further learn that the “1.5 Million” were FACEBOOK voters , not verified registered Brit voters, Brexit voters or Brexit Leave Voters, so, you, your dog, your toddler, Vladimir Putin, the Pope, and ANY NON Brit non voter could “vote”
https://www.youtube.com/watch?v=tbZ9EIOQzXU
OOHHH, and Donald Trump was seen in a 1000 – mile radius of there, I KNEW IT- A PLOT !
Before you run out and buy your souvenir chunks of Britain before it collapses into the sea, has anyone told you that the vote is ADVISORY, and even if the advice is heeded, NEGOTIATIONS with EU for Brexit could take YEARS.
If you have some time, perhaps give “Brexit the movie” above a look.
Oh, here’s a WashPost article that (no vote numbers) would have saved me some typing. They say a Parliament poll, but nothing about voter verification.
https://www.washingtonpost.com/news/worldviews/wp/2016/06/25/more-than-1-6-million-brits-signed-a-petition-for-another-referendum-they-shouldnt-hold-their-breath/?tid=pm_world_pop_b
Whether this petition goes anywhere or not, it does show a huge level of regret. The petition now has over 2.2 million signatures. And FYI, petition’s only need a fraction of the electorate to generate action.
No, without verification, it shows the losing side wants another shot, and if they can get it with a mouse click (they can’t-see WP article), it sure beats working for it.
Britons Express Serious #Regrexit As Reality Of Brexit Becomes Clear
Tweeters vented their anger on a variety of themes. Some of those who voted “leave” said they now felt betrayed and wish they could turn back time and opt to remain. Others called out those same “leave” voters for choosing to exit the EU without having done the proper research:
Brexit’s tagline: Vote first, regret later.
http://www.huffingtonpost.com/entry/regrexit-eu-referendum_us_576e8217e4b0dbb1bbbabc7a?section=
As “scientific” lol an examination of the issue can be gleaned from the echo chamber of a twitter feed, its posters, perhaps in the grip of their hostility, seem to share the “ignorance” attributed to Brexit voters regarding the forms, mechanics and consequences of EU membership. (which I myself had no idea about until today, but I don’t live there, vote on the issue, or berate others for doing so) but perhaps a perusal of
https://en.wikipedia.org/wiki/Switzerland%E2%80%93European_Union_relations
the Wikipedia entry for Switzerland, a NON EU member but still a participant in trade and other relations through other forms of contact, (who has actually had a REJECTION vote on membership) will show the existence of these other avenues, to dispel the illusion that Brexit will cause Britain’s certain demise by isolation, since Britain, EU, and neighbors STILL maintain economic social and political needs for each other, and the Brexit is a NEGOTIATED process between Britain and the EU, which crestfallen “Remain” vote Twitterati seem to have morphed into a declaration of war, with no small assistance from Pro-Remain media and politicians. As the week progresses, it will be interesting to see if these misconceptions are educated or fanned to flame.
The union has always been a way to hide production inefficiency, commodity surpluses and fundamentally weak economies. I don’t see why its demise would be bad for anybody – except the folks in Brussels.
The Eurocrats in Brussels and the Parliament in Strasbourg? It’s almost as if they wanted to separate the representatives from the functionaries from the get go.That never goes over well in the English-speaking world.
Welcome back.
I’ve been to the mountaintop. Several times, in fact.
And what did you see, Dave?
Some pretty amazing things.
News (at least to me) on TTP, TTIP,TISA, etc.
A United Nations legal expert just released a ruling on some of them, declaring them in violation of international law-
http://www.globalresearch.ca/ttp-ttip-tisa-and-ceta-u-n-legal-expert-calls-proposed-trade-deals-illegal/5532672
Well, I’m glad to know that you’re at least a supporter of the UN.
Yeah, I save my pennies for those little boxes the kids bring round at Halloween. Whatever.
Good read. Thanks.
” England Players took Brexit a little too seriously.” A comment about England being eliminated from the Euro Copa .
https://www.theguardian.com/football/2016/jun/27/england-iceland-euro-2016-match-report