Brexit OUT of EU: What happens now?

[moXJO]

He didn't have much choice.
I think the whole thing will widen the divide between left and right. It was already fairly vicious throughout the campaign.

As for the markets, lest we forget:
Bird flu
Boomers all retiring at once
GFC
Ebola
Swine flu.
Greece
Spain
Russia
Etc

It's all happened before and each event is always "the end as we know it"
Great time to trade volatility.

Y2K and tech crash, how did I forget them.
Also: Asian financial crisis.

 

[pixel]

One thing that worries me more than a few $Billion or $Trillion up or down on global markets: The resurgence of right-wing Nationalist xenophobia. That is likely to spread through other countries, be it in the EU, Trump's USofA, or Australia. The result would be even more Big Government, closed borders, and increased snooping into people's privacy.

 

[dutchie]

The Netherlands will be next.

 

[explod]

The Netherlands will be next.

Anyones guess really.

How long before there will be no takers for packaged debt from the US. Thats when the cooking will really start.

 

[Logique]

The Netherlands will be next.

Agree, Denmark and The Netherlands will not be far behind.

Uncertainty will linger, and market volatility.

 

[Tisme]

One thing that worries me more than a few $Billion or $Trillion up or down on global markets: The resurgence of right-wing Nationalist xenophobia. That is likely to spread through other countries, be it in the EU, Trump's USofA, or Australia. The result would be even more Big Government, closed borders, and increased snooping into people's privacy.

I think we have been ahead of the pack ever since Phoney Tony Abbott became captain of the LNP and gave every half wit around the world a champion when he hit the international news with his overt Mr Stupid commentary :

 

[basilio]

Quite a good analysis of the impact of Bexit on UK.

Fintan O’Toole: Brexit fantasy is about to come crashing down
Brexit vote reveals rancour and distrust at the heart of the English body politic
Sat, Jun 25, 2016, 00:01 Updated: Sat, Jun 25, 2016, 08:40
Fintan O'Toole


Did you ever see a slightly drunk man trying that trick with the tablecloth? He thinks he can whip the cloth off the table with a fast, clean snap, but leave all the crockery perfectly intact. He gives a sharp tug and stands back with a triumphant flourish as the plates and glasses come flying to the ground and shatter all around him.

That’s what Brexit is like. Those who have driven it have successfully pulled the cloth off the table – the underlying fabric of modern Britain has been whipped away with a shocking suddenness.

They stand in triumph, sure that they have pulled off the trick of removing a whole layer of political reality without disturbing all the family tableware. They have yet to notice that so much that was on the table is now at their feet, broken, perhaps irreparably.

Brexit has achieved the breathtaking feat of causing deep cracks in four different polities at a single stroke.

http://www.irishtimes.com/opinion/f...tasy-is-about-to-come-crashing-down-1.2698974

 

[trainspotter]

How it is in North Lincolnshire ...



What it is like in Paternoster Square ...

 

[moXJO]

One thing that worries me more than a few $Billion or $Trillion up or down on global markets: The resurgence of right-wing Nationalist xenophobia. That is likely to spread through other countries, be it in the EU, Trump's USofA, or Australia. The result would be even more Big Government, closed borders, and increased snooping into people's privacy.

They didn't just pop up for no reason. PC lefties have a lot to answer for. Even now we see democracy being dismantled by the twitterati calling for another vote to remain. The remain group used as much if not more fear then the leave camp. The right has been getting restless for a long time and it's started filtering out to fill membership in the extreme right.

They need a return to center by picking a sensible PM. What they don't need is these idiot celebrities pushing their agendas.

 

[wayneL]

Agree moXJO. Several months ago I posted to the same effect, with the left pushing its luck, expect the resurgence of the neonazi right.

Moderate Europeans fear this as much as they fear the Islamification of their culture, but also they feel pushed further right as a reaction to the excesses of the left.

 

[explod]

Agree moXJO. Several months ago I posted to the same effect, with the left pushing its luck, expect the resurgence of the neonazi right.

Moderate Europeans fear this as much as they fear the Islamification of their culture, but also they feel pushed further right as a reaction to the excesses of the left.

And both extremes feed on inequality and poverty. Not forgetting bombs in the name of freedom and democracy to protect oil and gas field interests.

 

[Knobby22]

https://youtu.be/37iHSwA1SwE

 

[pixel]

https://youtu.be/37iHSwA1SwE

Thanks Knobby
That's the best summary I've heard; gave me the best guffaw in a long time.
Sadly, in real life it's so damn true as well.

 

[Smurf1976]

Agree moXJO. Several months ago I posted to the same effect, with the left pushing its luck, expect the resurgence of the neonazi right

Moderate Europeans fear this as much as they fear the Islamification of their culture, but also they feel pushed further right as a reaction to the excesses of the left.

I can recall in the past, say 10+ years ago, hearing various people comment along the lines of "how on earth did the Germans ever end up putting Hitler in charge? Could they not see the danger? Surely nothing like that could happen again but I wonder how it ever happened in the first place?"

Sadly, I'm slowly but surely coming to the realisation of how things like that occur. Slowly but surely society in Australia and other Western countries is being pushed toward extreme views and what was unthinkable is becoming reality.

It's like someone's hair falling out or the brakes wearing out on a car. It happens so slowly that you don't see the change if you're looking too closely but stand back, look at it over a longer period of time, and the change is clear.

Compare the world now with 20 years ago. Happy and free is out, extremism in all its forms is increasing. What was unthinkable is now normal. What was normal and unquestioned is now gone or at least under serious threat.

It worries me where this will all end an I do fear that the answer to that question involves outright war at some point once a sufficiently troublesome few manage to get themselves elected.

 

[CanOz]

Smurf, we've been at war, over a decade now

 

[basilio]

Another sobering look at what appears likely to happen to Britain over Brexit.

If the analysis is correct England will be totally xcrewed.

Brexit hardball: the European Union will treat Britain like Greece

Date
June 27, 2016 - 5:25PM

794 reading now

Matthew Holehouse


German Chancellor says Britain's decision to exit the European Union is a watershed moment, but warns against hasty reactions.

Brussels: I arrived in Brussels as the Daily Telegraph's correspondent in early June 2015. A fortnight later, Alexis Tsipras snubbed Brussels, and called a referendum on the third bailout that was designed to save the eurozone from collapse.

The terms he was later given - €50 billion ($74.2 billion) of assets sold and a de facto control of economic policy surrendered - were so harsh they were later denounced as a "coup".


It taught me two things: that in the cause of its salvation the European Union can be profoundly flexible and exceptionally brutal, and that events can swiftly take a momentum that is hard to control.

Nothing of that experience gives me hope for the years that now await our country.

http://www.smh.com.au/world/brexit-...reat-britain-like-greece-20160627-gpsm67.html

 

[moXJO]

Another sobering look at what appears likely to happen to Britain over Brexit.

If the analysis is correct England will be totally xcrewed.


http://www.smh.com.au/world/brexit-...reat-britain-like-greece-20160627-gpsm67.html

Or the EU breaks down as other countries leave. There are s lot of ways this might play out.

 

[Knobby22]

Britain were never properly in the EU. For instance they never changed currency.
I read a good article last week that they have often acted in ways that hurt the EU.

in my opinion, the EU will work better without them and Britain itself will now be more flexible and able to compete better. I think you will see a bit of a boom once this 'sky is falling" phase is past.

 

[Logique]

Spot on Boris!

Despite Brexit, Britain will always be part of Europe - June 27, 2016
Boris Johnson - SMH: http://www.smh.com.au/comment/despi...-of-europe-20160626-gpsh9v.html#ixzz4CpS4foGL

Boris Johnson is former Mayor of London, Conservative Party MP and was a leading spokesman for the 'Leave' campaign.

...The only change – and it will not come in any great rush – is that Britain will extricate itself from the EU's extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal...

...Yes, the government will be able to take back democratic control of immigration policy, with a balanced and humane points-based system to suit the needs of business and industry.

Yes, there will be a substantial sum of money which we will no longer send to Brussels, but which could be used on priorities such as the NHS...

...We heard the voices of millions of the forgotten people, who have seen no real increase in their incomes, while FTSE-100 chiefs now earn 150 times the average pay of their employees...

...But they were also speaking up for democracy, and the verdict of history will be that the British people got it right.

Telegraph, London

 

[CanOz]

Spot on Boris!

He's not your everyday conservative is he? I like what he says, he seems fair. But the mess they're in now will take decades to unravel into something resembling a heathy economy. Will job creating corporations be interested in GB now?