The coming financial crisis

[General_Failure]

lol is that really a reason?!

https://twitter.com/AmyMek/status/746186153334812672

[Butchers Bill]

They had to know the financial and economical trade ramifications but yet this is still gonna go down. I don't get it.

My opinion, as I am not a British political analyst, is that there is a significant portion of the population there that feels completely left out economically. We are seeing this phenomena globally. Italy had a very close election a few years ago, Greece voted in economic "rebels". Spain and France have really interesting elections coming up too with the same dynamic.  Oh, and then there is our shtein show of an election.

That being said, the global economy which I actually do know a lot about, has become far too complicated and intertwined for the average Joe to understand. Voters will make mistakes simply because they do not understand the downstream consequences.

Going to be a rough ride.

[MDS]

the good news america isnt the only first world nation with a bunch of dumb, racist white people

the bad news is we still have to vote

[General_Failure]

But the good news is we don't get to vote on anything important.

[PhillyPhreak54]

The pound is down to $1.33

Gold is up 5.6%

[Butchers Bill]

Pound is the lowest it's been since 1985. farging Marion Campbell was still the coach then.

[General_Failure]

xe.com is being crushed tonight, or some of its tools are at least.

[PhillyPhreak54]

Japan has halted trading reportedly

[Butchers Bill]

Japan has halted trading reportedly

Hearing some rumors from friends in Asia and Europe that there is no liquidity, no buyers and markets are struggling to find a bottom. Even to open. Bigger banks like Goldman are on the sidelines and not providing liquidity to markets. 

farg me. Tomorrow is going to suck major ass.

[phattymatty]

This is legit crazy. My SPXS is gonna rule tomorrow tho. People don't realize how racist this is but the Racist Trump wave is affecting the world.

[ice grillin you]

But the good news is we don't get to vote on anything important.

lol...so true

say what you want about politicians or bankers or lawyers or any of these people that joe the plumber thinks should be exterminated...the fact is the majority of them are really smart informed people who know what the farg they are talking about...i have no idea how a country could put something this big and this important up for a farging referendum

this idea in the us especially a few years ago where the right led by people like sara palin made dumb being a good thing drives me farging crazy

[smeags]

I work for a dutch bank subsidiary.  could be a fun ride today.

The decision by the United Kingdom to leave the European Union is having a ripple effect around the world Friday, with British Prime Minister David Cameron announcing his resignation and global markets tumbling.
Here's the latest:
Cameron, who opposed the Brexit, says he will step down -- but didn't give an exact timetable for his departure. And who might replace him? Maybe Boris Johnson, the former mayor of London who was a leading proponent of the move to leave the EU. Johnson is one of the country's most popular and eccentric politicians. But he's gone from a figure of fun to a serious contender to replace Cameron.   
MARKETS PLUNGE
The news is crushing global financial markets. The pound plunged to its lowest level in more than 30 years before recovering a bit.
Stocks in London and Europe took one of their biggest falls in years. London's FTSE 100 index plunged as much as 8% at one point. The FTSE 250 index dropped 7.5%. Many analysts see the FTSE 250 as a more accurate reflection of the British economy.
•   Germany's DAX is down 7%
•   The French CAC is plunging 8%
•   Stocks in Ireland are down nearly 10%
Dow futures, which indicate how shares in the U.S. will open at 9:30 a.m. ET, dropped 500 points.
Asian investors panicked as well. Japan's benchmark Nikkei closed down 7.9%, with shares in Hong Kong and Australia slumping about 3%.
BANKS REEL
The global banking industry also is reeling. But the Bank of England expressed confidence in the resilience of the UK's  financial sector, and said it was ready to provide support if needed.
WHAT DOES BREXIT MEAN FOR THE BRITISH?
It could affect everything from home prices, to tourism, universities and EU citizens living in Britain.
WHAT DOES BREXIT MEAN FOR THE UK?
Scotland's First Minister Nicola Sturgeon said that the option for a second independence referendum is being considered. "Scotland voted to stay in the EU. It is democratically unacceptable to be taken out of EU against our will."
AND WHAT ABOUT THE REST OF THE EUROPEAN UNION?
There are 27 countries still in the EU. The decision by the UK to go it alone leaves the jilted European Union with some tough soul-searching of its own as it contemplates a new future.

[Diomedes]

well

if only I had some extra cash floating around...in a  couple days I'll be able to buy three or four times the stock as I could have done last week

[PhillyPhreak54]

https://apple.news/AzCgbs2JARp-a-9UHBmGpOA

Thanks, Cheeto Dick.

His two BFFs have farged him. Vlad and MBS.

[PhillyPhreak54]

Another bloodbath

Glad we can be confident in Cheeto Dick and his minions to help stave this off.