UK to leave EU

[Excited Penguin]

My kind of bullshit, tho.

[abaris]

You can't "convert money", that is a fallacy. You can only trade it.

OK, would it help if it was Pints instead of dollars. Last month he got four. Next month he's only got three. And now tell me, how that's not a loss.

[abaris]

I suppose that I too have not lost any money, despite my accounts being 5 digits lighter in USD than they were last Thursday - no currency exchange required.

If it's any consolation, I envy you for still being able to lose money. I lost that ability in the last global fuckup I didn't have any say in.

[Excited Penguin]

He is trading it for less than he was before, that's the idea. And he's saying it's because of Brexit.

[Edwardo Piet]

When I lose money it isn't really lost either: it is just "exchanged for the absence of funds".

[I_am_not_mafia]

When I lose money it isn't really lost either: it is just "exchanged for the absence of funds".

Woah careful there! Sounds too much like particle physics.

[Jackalope]

When I lose money it isn't really lost either: it is just "exchanged for the absence of funds".

In other news, were at war with Eastasia, we've always been at war with Eastasia.

[Edwardo Piet]

Brexit (short for British Exit) is a movement within Britain to leave the EU which somehow managed to get a national referendum. While both sides have at least some valid reasoning, the eurosceptic side (with the help of the mostly right-wing UK tabloids such as The Crazy Mail) has created a widespread distrust of the EU that essentially amounts to a mass hysteria over a mostly harmless bureaucratic body. Leaving the EU is unlikely to solve problems such as improving the economy, and the UK only contributes about 0.5% of its GDP to the EU per year. Rather, the exit will more likely set Britain further back in having to renegotiate perfectly functional agreements from scratch.
The main politicians sponsoring the Leave campaign are Michael 'I hate teachers' Gove (the current Lord Chancellor) and novelty human Boris Johnson whose hair and politics approach Donald Trump's more and more with each passing day. Other prominent leavers are inevitably Ukip's Nigel Farage, the Conservative Party's handsome young Zac Goldsmith and grey old Iain Duncan Smith, and a very few Labour Party people including Kate Hoey. Crank magnet George Galloway also got in on the action. Of course.

Poor Brexiters have RationalWiki against them.

[Edwardo Piet]

As a result of the vote passing by a margin of 52/48%, the value of the pound nosedived to $1.3236 - a low not seen since 1985. The FTSE went into a one-day freefall of more than 8%, not seen since the collapse of Lehman Brothers in 2008. Several banks (including Barclays and RBS) took major hits, while shares in the housebuilding sector fell by up to 50% (as in the case of Bovis Homes). UK government bond yields also hit a new record low.

Since Scotland, Northern Ireland and London voted Remain by large margins, the UK appears to be headed for a constitutional crisis. Some possible outcomes:

• Bring on the constitutional crisis, let the chips fall where they may

• Have a second referendum "Just to check"

• Ignore the result, call it "advisory only," and carry on, chaps

[Edwardo Piet]

Many eurosceptics make claims about how leaving the EU is the only way to control The UK's borders from the oncoming horde of (mostly Muslim) migrants sure to wash over us if we stay in the EU. This ignores a the fact that many economists believe that Europe is in need of more migrants, rather than less. This is in addition to the moral issue of leaving tens to hundreds of thousands of refugees in camps. The anti-migrant hysteria often also seems to emphasize the fact that the migrants are largely Arab Muslims, perhaps trying to attach itself to the Islamophobic and racist elements of British society, or perhaps merely trying to create a dichotomy with which they sell how different and therefore untrustworthy the migrants are.

However, even this ignores a simple fact; the anti-migrant political opinion has won. The UK is only admitting a tiny fraction of the migrants which are seeking asylum in Europe. The 'take back control of our borders' argument is a false argument being used to justify a false argument.