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The masses, the great unwashed, the uneducated , are against the EU membership
On June 23 2016, the UK casted a ballot which was in favor of leaving the EU.
Advantages:
- The UK won't have to share its income with countries in financial trouble such as Greece or Spain
- Less foreign workers will occupy jobs in the country
- The UK will have more flexibility in its border control
- The UK has quite a few differences from the rest of the EU such as driving on the left and using the British Pound as opposed to the Euro
Disadvantages:
- If the UK gets into financial trouble, it won't have as much help
- It could hurt relations with other EU countries such as France and Germany
- The British pound has dropped in value after the Brexit
- This could cause the collapse of the EU as early as 2020
On June 23 2016, the UK casted a ballot which was in favor of leaving the EU.
Advantages:
- The UK won't have to share its income with countries in financial trouble such as Greece or Spain
- Less foreign workers will occupy jobs in the country
- The UK will have more flexibility in its border control
- The UK has quite a few differences from the rest of the EU such as driving on the left and using the British Pound as opposed to the Euro
Disadvantages:
- If the UK gets into financial trouble, it won't have as much help
- It could hurt relations with other EU countries such as France and Germany
- The British pound has dropped in value after the Brexit
- This could cause the collapse of the EU as early as 2020
Normally my opinion wouldn't mean jack, directly or indirectly, since I'm neither European nor British. Unfortunately the whole thing does affect me quite directly. For one, my retirement investments are worth a lot less, and the extremely wealthy are my clients, and they tend not to buy from me when they're feeling skittish about the markets. This happened to me after the 2008 crisis and this is going to happen to me again.
I am going to personally suffer for this. Actually, pretty much everyone will. Those who won't are in the kind of recession-proof lines of work that I'm frankly envying at the moment.
Did you lose financially when the Dot.com collapsed in 1999-2000?
Any lost in the stock market over the British vote will be short term just like all the other so-called crashes.
I support them choosing what they believe best for themselves. It's not my call. Whatever happens, the UK is a great ally and, should they need our help, we should have their back.
Did you lose financially when the Dot.com collapsed in 1999-2000?
Any lost in the stock market over the British vote will be short term just like all the other so-called crashes.
From where I'm sitting they chose for the rest of us as well. Genuinely curious what you do for a living, because I'm not European or English and I just completely had my ass handed to me as a result of the Brexit vote.
Sorry, no offense intended at all, but I won't talk about my job. You're right though, I don't see how this will effect me in any way.
From where I'm sitting they chose for the rest of us as well. Genuinely curious what you do for a living, because I'm not European or English and I just completely had my ass handed to me as a result of the Brexit vote.
****. I'm smoking again, and for the first time since 2009. I hate that I'm this vulnerable to what some stupid short-sighted assholes eight time zones away chose to do with their country and the entire world's economy.
I should be a bartender. Everybody's always going to drink. Or I should cut hair. Everybody needs their hair cut.
and this is why i got out of the stocks game long ago.... the folks running that loony bin are far more responsible for market volatility than any other thing...
literally not one single thing has changed since the Brexit vote... everything is exactly as it was the day or week before the vote... and yet the markets go nuts.
it's all so very irrational....
and this is why i got out of the stocks game long ago.... the folks running that loony bin are far more responsible for market volatility than any other thing...
literally not one single thing has changed since the Brexit vote... everything is exactly as it was the day or week before the vote... and yet the markets go nuts.
it's all so very irrational....
On June 23 2016, the UK casted a ballot which was in favor of leaving the EU.
Advantages:
- The UK won't have to share its income with countries in financial trouble such as Greece or Spain
- Less foreign workers will occupy jobs in the country
- The UK will have more flexibility in its border control
- The UK has quite a few differences from the rest of the EU such as driving on the left and using the British Pound as opposed to the Euro
Disadvantages:
- If the UK gets into financial trouble, it won't have as much help
- It could hurt relations with other EU countries such as France and Germany
- The British pound has dropped in value after the Brexit
- This could cause the collapse of the EU as early as 2020
The markets like stability, that's just reality. And when countries act like erratic assholes then that stability goes right out the window and you don't get to retire for a certain additional number of years beyond what you were planning for. And iras, sep-iras and 401k's are how non-rich people are able to to successfully save for retirement. Even if you're investing in low cost etfs with low cost managements such as that Vanguard offers, that still doesn't render you invulnerable to massive market swings or from collapses in the value of those etfs.
As for England itself, whether or not you were aware of it London was the world's financial center, and leaving the EU jeopardized the integrity of the the UK and the future of the EU itself.
Now here's the "hilarious" thing: the vote was only the first financial ****-a-tron. The next is when England actually triggers the leave -- that's another market collapse. Then possibly France or Holland (or both) leaves. A market collapse each. Germany? Another market collapse. If you aren't feeling any of these market collapses, congratulations: you are either a Columbian cartel drug dealer or you are an evil James Bond villain living aboard his orbital laser space station.
Finally, think about the one person on earth who has to gain from the disintegration of the European Union.
But that's okay. At least Brits voted to keep immigrants out of their country.
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