Watch the British Pound collapse

a good bit of this is simple financial disruption. hegemonic brokerages hate to have their world rocked.
Give it some time and the oligarchs will slink back in ..
 
Here's one of the geniuses who voted Leave. You have to laugh.


[video]http://video.metro.co.uk/video/met/2016/06/24/7034296010219408740/960x540_7034296010219408740.mp4[/video]
 
Thing1 said:
Incredible.

I said after the Trump phenomenon started that I was beginning to think that people just shouldn't vote. I don't know what the alternative is. An IQ poll test isn't a bad thought.
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I know.

In some small way it's comforting, because sometimes, being on the internet, I get to thinking the US got stuck with all the dumbfucks. But watching these videos of next-level dumbassery disabuses me of that notion. That people this dumb can vote, anywhere on earth, is a bit terrifying.
 
Darla said:
I know.

In some small way it's comforting, because sometimes, being on the internet, I get to thinking the US got stuck with all the dumbfucks. But watching these videos of next-level dumbassery disabuses me of that notion. That people this dumb can vote, anywhere on earth, is a bit terrifying.
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Yeah. Freedom is stupid.
 
Darla said:
Well Watermark, this just makes me more conservative. And i don't mean the reactionary, nativist right (Trumpism). I mean more conservative as in I reject even more strongly the left-wing populism as exemplified in this country by Bernie Sanders.

What do you think would happen if Sanders took power, got his way, and for instance, "broke up the banks"? Anyone reading his infamous Daily News interview should have been shocked and alarmed that the fool knows nothing about 1) how to go about it, and 2) the ramifications of such an action.

For me, and I know I will have so few who agree (here, where measured thoughtfulness and sanity are in short supply), this is a referendum, if you will, on direct democracy and both left and right wing populism.

Did you know there was a young moron on the BBC pissing his pants and actually stating "I voted to Leave but I never thought it would actually happen, now I'm scared"? That the BBC has found morning after "what the f did I do?" to be a not-unusual feeling? That the UK Leavers actually believed they would have time to dither about, "negotiate" and hold the EU hostage, but the EU told them today, "you wanted out, pack your bags and get the eff out now"?

The mediocre white males who post here join the mediocre white males everywhere in their con on the rest of us that they are "experts" and know what in hell they are doing. But they don't. That means Trump, but that also means Bernie.

And that is that and will enrage just about everybody.
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It was kind of amusing that the 'leavers' voted as a show of protesting status quo. I thought about the same Trump issue as you did. I haven't studied the E.U issue enough to comment on the pros of U.K leaving. Not much different than our country....the Brits. figured that they weren't getting enough bang for their buck in the global economy.


As for the markets....it's all a game anyway. The recent rise in the market here has been fueled by corps. buying back their own stocks. It's a facade. Sure...the markets will fall back to realistic valuations (or less), and investors will have an opportunity to buy in again, and ride the boom cycle until the next bust.

I dumped my S&P etf last December just before the crash. I'll buy it again when the S&P takes its dive.
 
Uh-oh Desh, liberals talking about IQ tests for voting and certain people not being allowed to vote. Clearly haters of Democracy. Fred Sanford feels your pain.


 
AssHatZombie said:
Yeah. Freedom is stupid.
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I guess we have the freedom to BE stupid.

I look at this, and truly don't understand why it's left to the populace. Withdrawing from the EU is an incredibly complex issue - I'd guess that even policy wonks and people who are immersed in the issues surrounding it can't keep track of all of the ramifications.

And yet something that impossible to understand is decided by people who read a few headlines and get a few campaigners at their doorstep? Does that make sense to anyone?
 
Thing1 said:
I guess we have the freedom to BE stupid.

I look at this, and truly don't understand why it's left to the populace. Withdrawing from the EU is an incredibly complex issue...
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representative democracy is still subject to self determination of the status of that democracy
 
Althea said:
It was kind of amusing that the 'leavers' voted as a show of protesting status quo. I thought about the same Trump issue as you did. I haven't studied the E.U issue enough to comment on the pros of U.K leaving. Not much different than our country....the Brits. figured that they weren't getting enough bang for their buck in the global economy.


As for the markets....it's all a game anyway. The recent rise in the market here has been fueled by corps. buying back their own stocks. It's a facade. Sure...the markets will fall back to realistic valuations (or less), and investors will have an opportunity to buy in again, and ride the boom cycle until the next bust.

I dumped my S&P etf last December just before the crash. I'll buy it again when the S&P takes its dive.
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The working class there suffered terribly under austerity. The problem is populism that is not carefully and completely and irrevocably divorced from racism, jingoism and nativism leads directly to authoritarianism. I will just point out that their next likely leader, Boris Johnson, referred to black people as piccaninnies and talked about their "watermelon smiles". No one really knows what the long-term ramifications of this will be, but they could be really awful and not just for the UK.

This is why I personally eschew populism.
 
Thing1 said:
I guess we have the freedom to BE stupid.

I look at this, and truly don't understand why it's left to the populace. Withdrawing from the EU is an incredibly complex issue - I'd guess that even policy wonks and people who are immersed in the issues surrounding it can't keep track of all of the ramifications.

And yet something that impossible to understand is decided by people who read a few headlines and get a few campaigners at their doorstep? Does that make sense to anyone?
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No. If they were going to decide something so consequential by referendum, leaving it to direct democracy, they should have at least made it a 2/3rds requirement. But no responsible leader would have ever left this up to a referendum. It's actually insane. And I'll tell you what, it's given me a new appreciation of our own electoral college, which affords us some protection against this sort of thing.
 
Thing1 said:
Incredible.

I said after the Trump phenomenon started that I was beginning to think that people just shouldn't vote. I don't know what the alternative is. An IQ poll test isn't a bad thought.
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this is not a liberal wack
 
cawacko said:
So having fellow liberals almost be haters of Democracy is ok with you Desh?
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Cawacko, please remember this was an example of direct democracy and we live in a representative democracy. Let me give you a for instance. For instance a lot of dumbasses are claiming this bodes well for Trump. For one thing, our diversity makes that unlikely. But the important thing is, our electoral college makes that HIGHLY unlikely.
 
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