“Leave has 51.3% of votes counted so far”
See EU Referendum ResultsI just watched the UK disintegrate in real time on the Internet. I have mixed feelings about that. My ancestors left England over a century ago for better opportunities. In the current referendum, England largely voted to leave with a huge majority. Scotland and other regions mostly voted to stay in the EU. While much of the fervour has been about separating UK from the shenanigans of the EU, this is also about breaking up UK. Does anyone really think Scotland which is teetering on the brink of separation anyway will not be pushed over the edge by being dragged out of the EU by Big Brother, England?
This is a man-made disaster. The EU is a mess but it is fixable. Breaking up the UK will be a bigger mess and it isn’t fixable. There hasn’t been any trust since before the Battle of Culloden and it’s gone now. In the short term there will be disruption of trade, weakening of NATO in the face of Russia and Daesch, more moves to separate UK into components… After all, if independence from EU is a good idea, surely independence from England is also a good idea…
The price of gold shot up and US stock futures dropped ~3% as the vote was counted. Gold is $1300USD/ounce as I write this ($1308 as I pushed “publish”). At least there is a short term gold lining for me and mine. Maybe I should cheer for Trump… I own a lot of gold-stocks…
PS: An hour later, the British Pound is down 10% and gold is $1325USD/ounce. Amazing. Despite all the warnings about what would happen, folks voted to give away 10% of their wealth overnight. This should be a warning to Trump-suppositories. Trump wants to build a wall with the world and interfere with all trade everywhere, not just local stuff. How much gold will the wealthy of USA buy to escape the USD? I was hoping my pension annuity would rise ~100% this year. At this rate it could be ~400%. I pity the young people who have to live in the economy these fools are creating. I can always build a shack in the bush and live off the land but they have to work for a living, commute, pay mortgages, etc. They won’t have the option to opt out.
PPS: It’s done. At midnight, my time, zulu – 5, the Leave bunch have 16.7 million votes out of 72.1% turnout of 46,501,241 electors. That’s 50% of the votes. This is insane. UK is jumping off a cliff because 35% of electors say so. It’s the Trump effect all over again. USA be warned. Vote or be damned!
OMG!: It’s the morning after and David Cameron, PM of UK has resigned, DOW futures are off 500 points and gold is hanging around at $1320USD/ounce. Some gold stocks are up over 10%. Not bad for one night’s sweat.