Britain Has Voted to Leave the European Union
June 23rd, 2016Update: Nikkei 225 Down 7.92%
Via: TheStreet:
As the yen surged, the Japanese stock markets tumbled. The Nikkei 225 plunged 7.92% to close at 14,952.02–the lowest level in 20 months and the largest decline since April 17, 2000.
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Update: Gold: Two Year High
Via: Reuters:
Gold soared as much as 8 percent to its highest in more than two years on Friday after Britain delivered a shock vote to leave the European Union, leaving investors to seek protection in the precious metal.
Gold delivered double-digit percentage gains in sterling terms, topping 1,000 pounds an ounce for the first time in more than three years, while gold priced in euros rallied as much as 13 percent.
The metal pulled back from early highs however as the dollar, in which it is priced, headed for its biggest daily gain since 1978 against a currency basket, but remained elevated.
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Update: Nicola Sturgeon Prepares for Second Scottish Independence Referendum
Via: Guardian:
Nicola Sturgeon says she believes a second referendum on Scottish independence is “highly likely” after the UK overall voted to leave the EU.
The first minister said her government had already started the process of preparing legislation at Holyrood to pave the way for a second vote before the UK formally quits the EU in about two years’ time.
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Update: Plunge Protection Teams Activated
Via: Bloomberg:
Central banks across the world offered the financial system fresh funds and intervened in currency markets, in an effort to reassure investors sent into panic by the U.K.’s vote to leave the European Union.
After a majority of Britons voted to end their 43-year membership of the EU in a referendum, the Bank of England, the European Central Bank and the Bank of Japan issued statements stressing the availability of liquidity to keep the banking system running. The BOJ led the Swiss National Bank and the Danish central bank in displaying readiness to sell their local currencies to cap gains caused by investors seeking haven from the turmoil.
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Update: Cameron Quits
Via: Reuters:
Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow to the European project of greater unity since World War Two.
Global financial markets plunged on Friday as results from a referendum showed a near 52-48 percent split for leaving a bloc that Britain joined more than 40 years ago.
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Update: GBP/USD Next Leg Down
New session low: 1.3219
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Update: Nigel Farage: “Our Independence Day”
Via: BBC:
Nigel Farage has claimed victory in the EU referendum for the Leave campaign, saying 23 June would “go down in our history as our independence day”.
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Update: CIRCUIT BREAKER KICKS IN FOR NIKKEI FUTURES, TRADING HALTED FOR 10 MINS FOR JAPAN STOCK FUTURES
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Update: “Sky News is projecting the UK has voted to leave the European Union”
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Update: GBP/USD Next Leg Down
Little base around 1.344 taken out. New Low 1.3288.
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Update: BBC Ticker: “UK votes to LEAVE the EU”
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Update: Pound 1985 Low
Via: CNBC:
The pound plunged to a more-than-30-year low against the dollar on Friday and the safe-haven yen surged as early results of the referendum on whether to stay in the European Union (EU) showed the leave camp in the lead.
Both currencies gyrated with each updated count. The pound was fetching as little as $1.3459 as results showed the totals swaying in favor of leaving the trade bloc.
This was the British currency’s lowest level against the greenback since September 19, 1985, and came just hours after the pound tapped a year-to-date high of $1.5018, in what may be the currency’s most volatile session since at least 1986. At 11:05 a.m. SIN/HK, the pound was fetching $1.3570.
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Update: Pound Down 11% vs. USD – Leave Slightly Ahead
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The Pound fell about 10% and gold went up (in £ terms) about 15%.
I am delighted at this, but now that we’re out, I wonder will TPTB seek to trace the coming global conflict (which I believe they are hellbent on bringing to pass) back to the Brexit and the rise of popular revolt against globalism.
@cryingfreeman I truly did not expect this incredible result. I assumed Remain would come out on top—by hook or by crook.
But here we are.
I think, absolutely, you’re on to something re: media framing this as some sort of dark, scary omen. They have already been doing it during the campaign, trying to frighten people into believing that the Soviet European Union was the only way.
But the mask is off. Too many people had been getting screwed over for too long and they’re just ignoring the nonsense the mainstream media are spewing at them. Throw in the Muslim invasion on top of an increasingly dire economic situation…
Enough.
But look at the bilge already, man. Futures stolen, no less!
http://www.theguardian.com/politics/2016/jun/24/young-remain-voters-came-out-in-force-but-were-outgunned?CMP=twt_gu
The country might have just saved itself and these imbeciles are balling about it.
Kevin, yes, the Twitbook (how I love that term of yours!) generation in particular, with their self-serving virtue signalling aka going-along-to-get-along ethos, are wailing like a bunch of entitled little babies about the horrible future facing them, without actually articulating the least grain of a rationale for their complaint. It’s just the thing to do to avoid being unfriended on Twitbook, one feels. As a social engineering exercise, one has to marvel at the success of the psyops that are modern education and smartphone mind control!
TPTB’s desire for global government will not be diminished by Brexit, as you of course know only too well. So that means they are compelled to find a way to use it to further their agenda on down the line. Maybe it will send a socio-economic ripple through Europe that, after the radioactive dust of WW3 settles, will be cited as one of the “never can be allowed again” things that led to that global calamity.
On that latter note, I recommend Ron Rosenbaum’s 2011 book, “How The End Begins”, in which WW3 is portrayed as a means to bring about “global zero”, a nuke free world with a revolution in political thought planet-wide after the grand trauma. Perhaps an even better primer would be HG Wells “The World Set Free”, in which nuclear war was proposed, decades before the first nukes were invented, as a means to bring about global government.
That all said, let’s hope the Brexit thing somehow is the real deal and a major, game-changing setback for the globalists. A long shot, I know, but we can dream.
“TPTB’s desire for global government will not be diminished by Brexit, as you of course know only too well. So that means they are compelled to find a way to use it to further their agenda on down the line.”
Unfortunately, that’s right.
I’m still too stunned to start thinking about how the elite will strike back, so to speak.
I want the weekend to enjoy it.
haha
Lord Rothschild: Brexit would be ‘damaging and disorderly’
http://www.investmentweek.co.uk/investment-week/news/2461651/lord-rothschild-a-brexit-would-be-damaging-and-disoderly
How about a do over!? ha
http://www.dailymail.co.uk/wires/pa/article-3659306/Battered-PM-faces-calls-speedy-EU-divorce-talks.html
Meanwhile, ex-Labour PM Tony Blair’s former chief of staff Jonathan Powell floated the idea of a second referendum, telling BBC Newsnight: “It seems very unlikely at the moment, the EU saying no to it, the Brexit campaign saying no to it, but that is one option when we go forward and when people realise quite how ghastly the alternatives are.”