Interesting video about Brexit

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Ultimate Geek
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#1579727 24-Jun-2016 18:25

networkn:

Given how shallow the thinking of the voters in the UK, this probably would have seen the vote to remain at closer to 70%

http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=11662693

Interesting to review the Herald's reporting on the issue...

Latest headline on the home page ..."Will David Cameron likely to announce his resignation as Prime Minister ".

Perhaps time to hire a proof reader.

Also, an earlier headline (that was something like) '8 reasons why Brexit failed', has since been replaced by 'Six reasons the Brexit campaign succeeded'.

Way to predict guys!

networkn

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#1579729 24-Jun-2016 18:29

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

MikeB4

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#1579731 24-Jun-2016 18:33

mattwnz:

MikeB4:

mattwnz:

Its a sad day IMO. It is stuff like this when democracy doesn't work well, as many people didn't vote, and it will be significantly less than 50% of all eligible people who actually voted for it. These countries are bringing down the shutter on world trade. The US is heading the same way, and also likely to veto the TPA (which perhaps is a good thing for NZ due to the lack of benefits), because they don't think they are getting a good deal out of it. I see many NZ stocks fell significantly today as a result. I expect carnage next week. I have read that this will likely cause the UK now to go into a recession, and they have a significant amount of debt. It may have a knock on effect and cause a global recessions, and cause the Auckland housing bubble to finally burst.

There was a high voter turn out with over 70% voting. You are assuming that most of those who didn't vote would vote to stay. However extrapolating the voter in the Referendum it is fair to say that the result would remain with a 100% turn out.

The currency will come back especially with profit takers selling their newly purchased currency. The Japanese will move to lower the Yen and the Pound will recover but not to the the pre-vote levels, which is not a bad thing for the UK as exports will net more revenue.

Any changes are at least 2 years away if Chapter 50 was invoked immediately, this may not be done until the new year meaning there is probably a 2.5 year lead in more than enough time to adjust.

As for the Auckland bubble burst? the prices are not been driven from Europe they are being driven from closer to home. There maybe a small rise in interest rates but given our major markets are closer to home we are probably in a good position, after all the GFC only gave us a speed wobble.

That is all possibly true, but the markets aren't logical. Britain also has huge problem with debt , and the UK pound is now the weakest since 1985, and that isn't necessarily linked to BREXIT, as this result has only just come through during the night. Especially as it wasn't really expected that BREXIT would occur. It was expected to be close. It is an extreme right wing thing to happen. A world with Trump and Boris as leaders will be a scarey place if that occurs. Cameron really has to go now based on this.

The drop in the Pound was today with >than 11% drop compared to the US dollar, as the vote numbers came in you could watch the markets react as I did. The big market were open and trading when the vote was counted.

Here is a crazy notion, lets give peace a chance.

eracode

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#1579732 24-Jun-2016 18:33

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

So Cameron should tough it out?

Sometimes I just sit and think. Other times I just sit.

eracode

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#1579733 24-Jun-2016 18:34

SJB:

What have you got against the Austin Allegro?

A mechanic's hoist.

Sometimes I just sit and think. Other times I just sit.

MikeB4

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#1579734 24-Jun-2016 18:38

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

Here is a crazy notion, lets give peace a chance.

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JWR

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#1579735 24-Jun-2016 18:39

eracode:

SJB:

What have you got against the Austin Allegro?

A mechanic's hoist.

If you are not using it for your Morris Marina.

networkn

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#1579737 24-Jun-2016 18:41

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

MikeB4

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#1579740 24-Jun-2016 18:47

networkn:

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

Like with most of these things the alarmists will be predicting the sky will fall in, and the officials from both sides will settle into their jobs and life will go on. The Thames wont dry up, the Ravens wont disappear from the Tower of London and England will still not win the World cup.

Brussels and London will negotiate a mutually beneficial exit as it is in both their interests to do so.

Here is a crazy notion, lets give peace a chance.

tdgeek

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#1579744 24-Jun-2016 18:51

networkn:

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

But isn't this just a referendum? Not binding?

SJB

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#1579748 24-Jun-2016 18:52

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

Presumably then if remain had won by 3% that shouldn't have been binding either.

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tdgeek

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#1579749 24-Jun-2016 18:53

MikeB4:

networkn:

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

I expect so, but who needs who more? And is there a saving face issue to contend with?

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

Like with most of these things the alarmists will be predicting the sky will fall in, and the officials from both sides will settle into their jobs and life will go on. The Thames wont dry up, the Ravens wont disappear from the Tower of London and England will still not win the World cup.

Brussels and London will negotiate a mutually beneficial exit as it is in both their interests to do so.

tdgeek

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#1579750 24-Jun-2016 18:53

MikeB4:

networkn:

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

Like with most of these things the alarmists will be predicting the sky will fall in, and the officials from both sides will settle into their jobs and life will go on. The Thames wont dry up, the Ravens wont disappear from the Tower of London and England will still not win the World cup.

Brussels and London will negotiate a mutually beneficial exit as it is in both their interests to do so.

I expect so, but who needs who more? And is there a saving face issue to contend with?

Geektastic

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#1579751 24-Jun-2016 18:54

tdgeek:
networkn:

MikeB4:

networkn:

eracode:

Tens of millions of voters have expressed their wish and, although it's sort of close, there is a clear result with no margin of error in large actual numbers. It would be stupid of Cameron personally and bad for the country as a whole if he tried to tough it out.

Tens of millions have voted the other way as well. Something as monumental as this should not be decided on a margin of 3%. The impacts, costs and ramifications of this are world affecting and a much larger majority should be required to impact so many lives.

That is the Westminster system, the referendum was a first past the post. With democracy you pitch your case and let the voters decide, rightly or wrongly it's the majority vote that decides unless you state in advance probably by special legislation that a change requires say a 70/30 majority to succeed.

It's mind boggling to consider that they didn't require a 66% majority to pass.

I wonder when they start to try and work out "deals" with EU, and people realize what they have done, if there is a path to retreat for them?

But isn't this just a referendum? Not binding?

Not binding.... Unless you want a civil war.

SJB

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#1579752 24-Jun-2016 18:54

JWR:

eracode:

SJB:

What have you got against the Austin Allegro?

A mechanic's hoist.

If you are not using it for your Morris Marina.

Or your Triumph Herald.

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