Posted on 06/23/2016 8:40:53 PM PDT by naturalman1975
The vote is that the UK will leave the EU.
Technically that is true because of the principle of Parliamentary sovereignty that is at the core of the British constitution - nothing can bind Parliament to any course of action. However failure to give effect to the will of the people as expressed in this referendum would lead to the largest Constitutional crisis in - well, honestly, in British history I think. I can't see anything comparable - and that would mean the Queen would be entitled to step in to resolve the issue - she does still have reserve powers if the government goes against Constitutional convention. That will not happen.
And also that they have no idea how they’re going to do it?
Sort of. Leaving the EU is actually quite simple - Britain could do it by a simple Act of Parliament. But that would be very messy because there are so many different treaties that would be affected and laws that would be effected. The sensible approach and the one I expect them to take will be to form a series of Parliamentary committees to draft a series of Bills amending the necessary laws and to negotiate with the EU for a smooth transition. Could a government screw that up? Yes. Do I expect them to? Not really.
The vote is close enough that Trump may have had some influence - not a huge amount, but when there's only a few percentage points in it, it doesn't have to be a huge amount to be important.
Would you take money in exchange for your freedom and independence?
It’s just a monetary squeeze. British pound falls in value as the British economy suffers from losing access to glaobal free trade under the EU umbrella.
Money flees the pound and seeks refuge in the US and Japan sovereign debt, driving up the value of the dollar and the yen. So stock process will drop because the money used to purchase them becomes more valuable. Short term deflation until the dust settles. Cash is king until then...
England and Wales voted to go out. Scotland and London to stay in. That shows it doesn’t pay to have colonies. Libre Puerto Rico.
Tonight, this American is going to bed...
...feeling just a little British.
Yup!!
Hasta la Vista Haggis Eaters. They should kick out Mayor Sharia from London Stan along with the rag heads who put him in office. Dump them in Vatican City for Pope Dope to take care of.
John Ball has rungen the bell!!
And many of us are greatly appreciative of your explanations.
It is bad for the markets because they KNOW the people are NOT ACCEPTING their DAMNED global world view!!! These huge companies are moving companies to whatever country has the cheapest labor, regulations, and costs of doing business! Not that I feel businesses should do what is best for their business but this has been done to our countries to more or less put us in the same league as 3rd world countries these people BELIEVE we should ALL be the same a globalist socialism world!!! NAFTA was sold to EVERYONE as a GREAT THING!!! Yet after ALL these years China, Mexico, Vietnam ect are doing GREAT and we are on our way to becoming 3rd world countries!!!! This climate change CRAP has to go also!!!
Yep.
BTTT!!!!
Tell it!
Never exchange your freedom and independence for money.
Boy Obammie has had a BAD day today, immigration EO squashed, Baltimore policeman innocent and now LEAVE IN Britain!!! He is in a fetal position about now!!!!!
I know the Brits are sharp enough to have thought about a change in the US.
Antidemocratic socialists took a couple in the nuts today, for sure.
One of their funniest!!
Uh, I believe the vote was well over 1 million votes.
I believe the vote was well over 1 million votes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.