- 07/07/2016I got fed up of the petty squabbling without action, so did a petition.Petition: Independently investigate all claims made during the EU referendum campaignpetition.parliament.uk During the confusing & fast moving times of the EU referendum campaign, factual information was released every single day into the public domain. These 'facts' did not stay consistent throughout the campaign and I propose a full investigation into...
- Producer24/06/2016The Return of DemocracyBritains have just voted to leave the EU. I think our Members of Parliament should sit up and take notice: turnouts in General Elections have been dropping like a stone over the last few decades. The main reason for this is that we are no...
Comments28/06/2016 #11 Dale Masters#8 @Timothy Wall If you support any of them, you're supporting the central banking system. Want to be truly free? Get rid of the central banks by minting a coin double that of what your country owes + interest, enforce your payment (and theirs...with payment in gold bullion) with your military, charge the central bankers with treason (they collapse economies at whim)...and you're home free. There's a reason the first Presidents fought the establishment of a central bank...and it's why Truman later felt like a traitor for allowing one to be established.25/06/2016 #9 John ValledorHours after a majority of Britons voted, the sobering reality that is beginning to emerge is the collapse of elitism. Be it British or dare I say from the fat cats in Belgium. One only needs to travel to the heart of elitism--Brussels--to see just how wrong anti-sovereign policies have hurt many in Britain. For decades a plularity elected politicos promising to establish laws (economic, security, etc.) aimed at improving the lot for everyone but, in fact, have never truly followed thru on their promises. In reality, we've seen the rise of political ideology favoring a niche segment of society. Now politicos in the UK are waking up to the fact that a majority of the population has been ignored too long at their peril. This phenomena is equally bulging in the US as well. The media and political intelligentsia is in self-absorbed denial ignoring signs pointing to techtonic change in the status quo. There's even a popular name for it, "the echo chamber." Our society has taken a very sharp turn left when the default setting in the ignored majority remains centrist. As a sign of self preservation, look for the media elites to paint "populism" as toxic--especially when it is threatening the cushy, comfy bubble economy that has favored a few at the expense of the many. This phenomena will not stop with Brexit. Far from it, the majority of Britons have shown other equally frustrated majorities that the time of reckoning is here. Global cultural, socioeconomic resets can be painful. Strap in, lots of turbulence ahead.25/06/2016 #8 Timothy WallRegardless of the outcome... you still live in an Oligarchy, as does the USA etc. NOT a Democracy. One could have a revolution, and the same thing would happen eventually. Bribes are just too seductive for most people, legal or otherwise. If you really want to crush a government, stop buying from corporations, and ONLY buy locally made goods and services. There are obvious exceptions like pharmaceutical companies etc. I takes a Canadian/South African to flip the automobile and oil industry on it's ass. Elon Musk is the new "Environmental Entrepreneur", and it is these types that one should be supporting once the economy of scale comes into play.24/06/2016 #4 Margaret Aranda, MD, PhDA great share, like @Vivian Chapman says, and why do we feel so powerless here in the USA? It's gone haywire. Better build my own beehive at home....still gotta do that.....and @Lisa Gallagher ~ I like it when you cuss lol. Where's @Rebel Brown? There has to be some kick-ass thing we can do! Oh, yeah....we're getting it together alright!
- 24/06/2016Brexit 101: What just happened, and why it's important for Americanswww.cnbc.com It's more than stocks or currencies: The global economy could actually be damaged if the U.K. votes to leave the...
- 24/06/2016Nigel Farage, the leader of the U.K. Independence Party, who has been a prominent member of the leave campaign, claimed victory, saying June 23 would become known as the U.K.'s "Independence Day" and should be declared a national holiday. Even with the vote for Brexit, the process of actually leaving the EU could take two years or more as a series of negotiations take place for how to disentangle the U.K. from the many EU structures.
- 24/06/2016Can someone please explain the possible implications of the UK leaving the European Union? cc: @David Grinberg
Comments25/06/2016 #8 Lisa Gallagher@Bill Stankiewicz after reading your comment- the link that @David Grinberg added too, all I have to say is this is scary. As @Pamela L. Williams noted we too, have become a Country of extremes and I prefer the middle. I fear the economic impact globally, stocks have already taken a plunge and this will affect many international businesses. I need more time to digest all the info- this is overwhelming. I thought I had a lot to write earlier but my mind needs time to take this all in.24/06/2016 #3 Bill StankiewiczThe general thinking is that many international corporations, notably those based in the U.S. and China, invest in U.K. operations partly so they can readily access the free-trade corridors the U.K. enjoys with the rest of the European Union. So since the leave camp won, many of those companies could see drastically reduced profits.
The sudden need to reset tons of global investment channels — against the background of the ambiguous and extended period of the U.K.'s exit negotiations — could have a freezing effect on the whole region.
"Negotiations on post-exit arrangements would likely be protracted, resulting in an extended period of heightened uncertainty that could weigh heavily on confidence and investment, all the while increasing financial market volatility," the IMF said in an April report. "A U.K. exit from Europe's single market would also likely disrupt and reduce mutual trade and financial flows, curtailing key benefits from economic cooperation and integration, such as those resulting from economies of scale and efficient specialization."
Depending on how you measure it, the EU as a whole ranges from the first to the third largest economy in the world. And in terms of trade, the bloc easily topped the U.S. and China in both imports and exports.
So a slowdown there would mean a global slowdown. One that could last months — if not years.
And here's why the fallout is global
Yeah, it does sound hyperbolic, but there are actually a couple arguments for why a British exit may hurt the rest of the globe.
In Europe, the EU could run into economic trouble for a couple of reasons. The lengthy and as-yet ambiguous exit negotiations could cripple investment, as mentioned above, but they could also lead to more exits. Nationalist groups across Europe will be watching the referendum closely to see if they can use the results into their advantage.
Elsewhere, the economic risks are best understood as a function of uncertainty. EU uncer24/06/2016 #1 Pamela L. WilliamsI don't know all the ramifications but it should speak volumes that Trump is in Scotland and is celebrating this vote. Anger Lisa, that is where the conservatives have failed. They were so busy being conservative they forgot who hired them. Now we have millions of angry people around the world. I just listened to a statement by our Supreme Court on how Congress is failing as well. If they do not stop thinking more about their own personal interests and listen to the people, the U.S. is next to follow the path of anger. It doesn't help when the world feeds that anger by calling us idiots. Say things like America used to be the greatest nation. They are pricking the pride of a lot of people and not helping the situation at all. The UK should stand as an example that the power is with the people and their wellbeing should come first, not Wall Street, not Trade Agreements, not Corporations. As for all the commentaries: if you can't be helpful; shut up.