Posted on 06/24/2016 7:39:13 AM PDT by mandaladon
LONDON — British voters didn’t just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton a potential economic burden and injected new energy into the populist currents roiling politics on both sides of the Atlantic.
The surprise 52 percent - 48 percent result in favor of leaving the European Union — which British networks projected just before 5 a.m. local time — came after a tense night of vote-counting throughout the United Kingdom. British Prime Minister David Cameron later announced he's resigning, citing a need for "fresh leadership." The British pound rose and fall rapidly as the anti-EU “Leave” movement piled up big margins in the northeast, swamping wins by the “Remain” camp in London, Birmingham and Scotland.
In addition to driving down the pound by nearly 10 percent, the vote slammed global markets, with shares in Asia down well over 3 percent in early trading. Futures markets also indicated a big swoon coming on Wall Street early Friday morning with shares expected to drop more than 3 percent. That would amount to a Dow drop of close to 600 points, a plunge frighteningly reminiscent of the 2008 financial crisis.
Market analysts struggled overnight to reckon with the potential global impact of the Brexit vote. "Massive institutional uncertainty is now being superimposed on economic fragility and financial fluidity," said Mohamed A. El-Erian, chief economic adviser at Allianz.
Central bankers and heads of state around the world sought to calm the financial markets and limit the damage from the vote on Friday morning.
(Excerpt) Read more at politico.com ...
“They’re angry over borders. They’re angry over people coming into the country and taking over, and nobody even knows who they are,” Trump told reporters after his helicopter landed in Turnberry, Scotland. “They’re angry about many, many things.”
He also took the opportunity to take shots at Hillary Clinton, who along with President Obama had cautioned British voters against leaving the EU.
"Well, she’s always misread everything. She’s misread this, and I was surprised that she was so bold," Trump said of his likely Democratic opponent. "The only reason she did it is because Obama wanted it. You know, if Obama wanted it the other way — if he said 'leave,' she would have said 'leave.' She does whatever he wants her to do."
He added: "They're always wrong, and that's the problem with them."....................Right on!!!
There is a REVOLT going on and it WILL NOT BE STOP.
Obama threatened the Brits, and they told him to sod off...
The amazing thing about this is how one isolated incident can set so many others in motion.
But I wonder - did the American patriots inspire the Brits, or will Brexit give wings to the Second American Revolution?
It’s time we took our country back from liberal judges that legislate from the bench, from liberal Demo-rats who are destroying out country with illegals, etc etc etc.
“That would amount to a Dow drop of close to 600 points, a plunge frighteningly reminiscent of the 2008 financial crisis’
Never waste a good crisis, eh politico?
Obama and Hillary were the big losers last night.
Its much a rejection of them as its a rejection of the elites, their institutions and their values.
People just hate the stuffed shirt crowd and they’ve had enough of them.
Enough of Obama and Hillary!
So one result is, stocks are now cheaper.
So one result is, stocks are now cheaper.
Without the EU millstone, Britain can once again be America’s best ally (after Obama is gone, of course).
Message is there aren’t yet enough immigrants in Britain.
Even if they stopped immigration, birth rate and time will changed it from 52-48 to a minority.
It might be prudent to recall one of Obama's first actions upon being crowned POTUS. He had the Bust of Winston Churchill boxed up and sent back to England.
Don't think that didn't set the tone early.
Thanks for posting that....Donald is a-m-a-z-I-n-g.
Obama: “The Brexit vote only proves that there is still much bigotry and racism in Britain against Muslims.”
He’ll say it in 5...4...3...2...1.....
Yeah, like QUICK! Spread fear and panic whereever you can while you may!
So far as I am concerned this is only a problem to plutocrats, bureaucrats, socialists, collectivists and others of the new world order cabal.
A little order is necessary but regimentaion for its own sake is death to enterprise and freedom. Regulating tea kettles is a bridge too far.
What will be our tea kettle issue here in this country? When will we have finally had enough?
52% of the British voters rejected the false internationalist narrative. That is hardly something to panic over.
God Bless the at least partial reawakening! His truth is triumphant!
Go out and buy the one that represen products and/or services you like and use!
Sales help the average pocketbook-not the institutional traders, per se.
I thought last night around midnight, when the Dow was down around 700 for a time, that today was going to be good for the small investor, for a change.
Aren’t you shocked that he has not mouthed off already? I am.
I thought by now he would have interrupted all media for an announcement to protect his legacy.
Where is shillary? Have not heard a peep from her highass all day.
you have to acknowledge history. The Brits have a longer history of being ruled by foreigners, and they don’t like it.
“She is infinitely better off without the anchor of the EU bureaucracy—infinitely.”
Agreed.
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.