As Yanks, we've kept our blog away from the run-up to yesterday's Brexit vote, quietly hoping that British voters would do the smart, right thing: vote to remain in the European Union. Now that voters have opted for Britain to leave, we must sadly observe that, apparently, there are more self- destructive, racist, clueless meatheads in Britain than we were accounting for.
Among the results in just the last 12 hours:
- the pound dropped overnight to a 31- year low;
- in fact, the pound dropped so far, Britain is no longer the 5th largest economy in the world;
- the London market is in "free fall" and markets around the world started a deep nose-dive this morning;
- Britain's credit rating will drop;
- Scotland, which voted overwhelmingly to remain, is considering anew an independence referendum;
- and, most unfortunately, the vote hands the racist leader of the UK Independence party, Nigel "Nigel" Farage (a.k.a., "Little Trump") a huge victory.
British Tory PM David Cameron announced his resignation after the vote, a fitting political end to the
Much will be written in the days and months ahead about this decision, including the ominous potential for a fractured, Balkanized Europe engaged first in trade wars, then in hot wars. But the economic and political fallout from this vote is already pointing to a poorer, weaker, smaller Britain -- a Little Britain -- that, in opting to go it alone, will soon find that no country is an island, even theirs.
(An aside: as a measure for Brits and Americans as to how foolish this decision was, it has received the blessing of none other than neo- fascist ignoramus and bankruptcy expert Donald "Rump" Trump.)
BONUS: If it's possible to laugh at this moment, Andy Borowitz does it with "British Lose Right To Claim Americans Are Dumber."
BONUS II: True --
Still looking for somebody in England to have a silver lining take on Brexit, but I think they're all at the bank.— Bob Schooley (@Rschooley) June 24, 2016
Apparently the UK economy has lost $350 billion value in two hours. Or 40 years' worth of 'unaffordable' EU contributions— Jack Grover (@Balloon_Fish) June 24, 2016
Jubilant Leave voter ‘will catch up with the financial news later’ https://t.co/IOfFYu3anI pic.twitter.com/1Sl0g6N99Y— The Daily Mash (@thedailymash) June 24, 2016
