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[Tregard]

It isn't legally binding.

Cameron refuses the result and quits the position of PM. His final saving grace.

I might dislike him less if he did that...

 

[20cent]

Government overrunning people referendum regarding Europe happened at least twice in recent years in France and Greece, so yes.

 

[Vanillalite]

I don't understand the economic perspective of Leave voters. Do they not believe that leaving has a detrimental impact on their country's economy? Do they not care, or think that that applies to them?

To many it ALREADY applies

That's the rub. As another GAFer put it.

See, there's a slight problem with telling people in perpetual economic insecurity that they'll face perpetual economic insecurity by voting for Brexit.

 

[Mr Cola]

Incredible U-turn

 

[QuicheFontaine]

Noooo Farage saying we won.....dangerous dangerous

Yeesh, just wait a few hours. No need to do this at 4am!

 

[BadHand]

"without a single bullet fired" uuuuuhhhhh

 

[Best]

"Done it without a bullet being fired"

Okay m8

 

[Striek]

A few days of volatility? I think we have drastically different expectations about how markets react to massive, prolonged uncertainty. A leave vote will reverberate for years before we even begin to understand its effects.

Oh so lets predict doom from day -1 then?
Lets let all our decisions be based on their impact on markets that are ultimately controlled by a small proportion of the population. Lets worry about the "economy" as a singular number, instead of how that economy actually works, and who is exposed to what part of it, even though wealth inequality is at absurd, almost criminal levels.

Because that is fair democracy.

 

[darkwing]

So if I understand this right, the leave result could still be overturned by the government?

I don't think they have the political strength to do that when the turnout is at 70%+

 

[ColdPizza]

So if I understand this right, the leave result could still be overturned by the government?

It's a non-binding referendum but it would be political suicide to move against the will of the people.

 

[zsynqx]

Farage? Fuck it I'm going to bed.

 

[Gandalf]

Holy shit... that speech was cringey as fuck. Straight out of the 90s film!

 

[Aureon]

The Yen is crashing

http://www.businessinsider.com/yen-us-dollar-brexit-referendum-2016-6

No, the Yen is going UP.
Incredibly up, actually. It's probably considered the economy most distanced from UK's.

 

[Lime]

And how likely is it that Brexit will cause some of the more heavily euroskeptic governments to feel emboldened enough to try exiting as well?

I fully expect the racist parties here in Denmark to campaigning for something similar

Luckily our news media isn't as right wing as the UKs and the benefits and negatives of EU are much more visible to the public

 

[SuperSah]

Nigel should keep his mouth shut until the end, you never know what will happen.

 

[Grover Cleveland]

So if I understand this right, the leave result could still be overturned by the government?

It's a referendum, so it's technically not "legally binding"

However, depending on the margin (seems to be relatively comfortable for Leave) and the overall turnout (which will probably be north of 70% of voters), the Leave faction will have a political mandate that simply could not be ignored without inducing total chaos.

Dodgy Dave's done for either way

 

[Z3K]

Will Cameron resign over this and his idea of calling the referendum in the first place?

Yes, he will definitely resign.

 

[TheHollowNight]

At least my home city Bristol did me proud.

 

[Carl]

Leave just passed 10 million votes.

 

[Cromwell]

I cant believe some of ya'll are arguing that voters cant be trusted with important decisions like this.

Seriously?

My side looks like losing but I appreciate the vote. We were treated like the adults we are who can decide on important issues. Thats the kind of democracy I WANT. I dont want my vote watered down by some repesentative system where polticians can be bribed to vote one way or another.

Watch what happens to the U.K. now. That'll be proof enough that voters can't be trusted with decision like this. They aren't informed and educated about the issues and vote from a position of ignorance. They don't care about people's lives outside of their own bubble. It's staggering how much this situation has in common with Trump's rise, only the U.S. is very very unlikely to elect him as opposed to the huge mistake the U.K. just made.

 

[Silphonica]

"not a single bullet being fired"

what a fucking disgrace speaking that erroneous disrespectful bullshit.

 

[jufonuk]

Fuck you Dartford

 

[Link]

Way to let the inmates run the asylum, UK. For once, I feel superior as an American.

 

[Macho Madness]

https://twitter.com/BNONews/status/746177116186746881

BNO News @BNONews
BREAKING: British pound plummets more than 9% to lowest level since 1985

 

[More Fun To Compute]

So according to Farrage this is our independence day like that US movie about the aliens. What an odd pop culture reference to drop.

 

[Gemüsepizza]

This is historic. We're watching the UK destroy its economy in real time. And people are being smug about it, as though it's a good thing. Holy shit.

Yup, it's sad. But expected when you see that mostly people with very poor or no education did vote for leave.

 

[bionic77]

I don't understand the economic perspective of Leave voters. Do they not believe that leaving has a detrimental impact on their country's economy? Do they not care, or think that that applies to them?

It makes sense (if you are an idiot who will burn your house down to "fix" something). They hate immigrants. Immigrants come to progressive countries for economic opportunity. If you burn your economy to the ground it makes your country a lot less enticing to immigrants. Thus problem solved!

 

[Hazzuh]

Christ, we're gonna have to put up with this independence day bullshit forever now aren't we.

 

[jellies_two]

the pound falling to the dollar has cost me 6 thousand pounds in less than 12 hours. holy fuck.

why? you have pounds you want to spend on buying USD? wasn't it a bit risky to have that position over the vote?

 

[Alienous]

"not a single bullet being fired"

what a fucking disgrace speaking that erroneous disrespectful bullshit.

Didn't catch that.

What a prick.

 

[Machina]

Okay BritGAF, what happens from here? What have you done to the world exactly? Honest question I'm not too familiar with Brexit

 

[CheDominik]

Pretty worried I'm going to lose my job and my house over this. Does leaving not cause massive issues for companies and therefore employing people in this country?

As I stated earlier in this thread. Our massive UK client base is just gone. Many jobs are at stake, feels bad man.

 

[haxamin]

"Done it without a bullet being fired"

Okay m8

yehh poor choice of words.

 

[tamaster92]

Bristol 61.7% remain

At least I did my part thank god

 

[Pop-O-Matic]

So according to Farrage this is our independence day like that US movie about the aliens. What an odd pop culture reference to drop.

The movie is named after the US's holiday celebrating it's succession from Great Britain.

 

[Baybars]

An actual quote by someone back home who said about brexit. 'Fascinating, because for the first time in a long time, westerners are at each other's throats''

 

[excelsiorlef]

This still ain't 2008.



Certain things should take larger margins than 51-49.

Yeah that's what's nuts. Maybe a million, possibly less people are going to tank the UK economy.

 

[30yearsofhurt]

Sooooo, like console warzzzz, First to 10 million wins?

 

[chromatic9]

Pound to dollar is at 1985 levels

 

[Mrbob]

How long before Brexit: The Movie is released?

 

[Daemul]

I can't believe, the one time, the one fucking time I'm on Cameron's side is the time when his luck finally runs out and he actually fucking loses. Fuck this shit.

 

[painey]

why? you have pounds you want to spend on buying USD? wasn't it a bit risky to have that position over the vote?

My money is in England but I live in America. I was literally waiting for this vote before moving my money over to the US to buy a car

 

[Faustek]

I cant believe some of ya'll are arguing that voters cant be trusted with important decisions like this.

Seriously?

My side looks like losing but I appreciate the vote. We were treated like the adults we are who can decide on important issues. Thats the kind of democracy I WANT. I dont want my vote watered down by some repesentative system where polticians can be bribed to vote one way or another.

You misunderstand. I should make the decisions for all because I know better than all.

Not really but I not understand why people want to leave and when I ask I get no answer. Not a coherent answer and if I argue back with numbers I get the "feel" response.

 

[Fergie]

source on this? wanna show someone...

Got it from a reddit feed and https://twitter.com/ClodaghLRice/status/746172482479132672

 

[EdibleExplosives]

"not a single bullet being fired"

what a fucking disgrace speaking that erroneous disrespectful bullshit.

Except the one shot by a cunt who was fueled by Farage's hatred. Fuck off, Nigel.

 

[oatmeal]

Sooooo, like console warzzzz, First to 10 million wins?

16.8m

 

[thatdamnmook]

As I stated earlier in this thread. Our massive UK client base is just gone. Many jobs are at stake, feels bad man.

Jesus, fucking awful. My former company is in a similar position; alot of my friends will lose their jobs.

 

[Ashodin]

Those quotes are gross. Ya'll got some racists up in that country

 

[bounchfx]

why? you have pounds you want to spend on buying USD? wasn't it a bit risky to have that position over the vote?

donno about him, but I just got done living in the UK for a bit and am getting my security deposit back this week, and if it stays lower I definitely took a hit of a few hundred at least. not on the same level as him but its still interesting to see

 

[Delusibeta]

why is this making the yen so crazy? usd/yen is collapsing :/
goodbye trip to japan...
thanks UK!

GBP was considered a reserve currency, but with this investors would want to change to a different reserve currency. For some reason, instead of investing in USD as usual, they all seem to have gone for the Yen.