Poll results trickled in through the early Friday morning hours, leaving many stunned. What looked like a victory for the “Remain” group slowly faded to a very real “Brexit.”
In the aftermath of the referendum, many are asking, “what happens now?” While the full effects of the Brexit are yet to be known, here are a few things we have already seen:
- Market volatility is in full swing. Gold spiked as much as 8% to reach its highest point since August 2014. Investors seeking safety have flocked to precious metals, leaving high spot prices for gold and silver with a sinking British pound.
- Prime Minister David Cameron has announced his resignation. The leader of the Conservative Party was the chief campaigner for the Remain group, hoping to negotiate conditions with the EU, rather than leave. He plans to stay for a time to help ease immediate chaos from the split.
Expectations are for Britain to take roughly 2 years to rebuild economic and political strategy, including trade negotiations and alliances. Immigration policies are on the table, as well, and will likely undergo significant reform. Americans can expect the immediate market volatility to continue, with potential impacts to UK imported products.
The UK was previously the largest financial backer of the EU, the world’s largest economy; because of this, the EU could see other member nations following the UK’s exit to seek their luck outside of the union.
June 23rd was a historic day for the new Britain, and we expect to see many changes in the global economy due to the new European landscape.
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JFK attempted a break from the Federal Reserve also. The wording “Silver Certificates” appeared on the dollar bill briefly as a result.
Other results, not so good.
Long walk to freedom
43 years in captivity
We are now Great Britain once again
Excellent. I can’t understand how they got so wrapped up in that ‘Union’ crap in the first place. I guess it’s the old ‘bait and slowly switch’ routine much like they are doing (and have been doing for years) here in the USA.
I want to know why silver has not jumped into the 20’s, I’m too dumb to ask a brilliant question.
Excellent question! UNTILL the 1970’s Silver usually had a 35-1 ratio with gold. One ounce of gold was equal to 35 ounces of silver. No one has ever given me a straight answer to that one in 35 years.
It should be obvious that the Scots and Irish have been dissatisfied for some time with the powers of the UK Central Government and its abuse of their citizens! Its an old story and attempts to sweep it under the carpet by the recent prime ministers has been an overall failure. The Conservatives are totally out of touch with the reality of their citizens, it is good that Cameron has resigned, It might take an entirely new Government by the wishes of their citizens for a change! Brexit may be a good thing for the UK in the long run as long as the USA once again does not have to pay for their mistakes and their protection from their self made enemies, America has been weakened enough by her plunder by her internal enemies at home!
I, too, was surprised that they decided to exit. Judging from the results in Ireland and Scotland there might be more exit votes for them to now separate from the UK. I was considering investing in some Brit Pounds earlier this month and then flipping them back to dollars later but I guess I missed my chance.
Frankly, I’m surprised they had the ‘nads to leave! I salute them. I’m sure this leaves a sour taste in the mouths of the Central European Bankers… you know, the same ones that want the U.S. to spearhead a North American Union, introduce new currency, and rake in billions at the demise of our citizens’ wealth. Might be a hard sell now.
Now if we could only disband the UN also…
I suspect that when Donald Trump is elected our President, watch and see the speed with which he may cancel our further participation in NAFTA,NATO, UN,TPP, and ObamaCare, recall our foreign troops, fortify our Southern Border with Mexico, overhaul the military, audit the Federal Reserve and maybe replace them via the U.S. Treasury Dept., authorize a 3rd Party audit of Fort Knox and learn that we have no gold there that belongs to the U.S. Government, slash our Federal Budget waste and fraud,
curtail foreign aid… The following week he will have another blockbuster agenda addressing a myriad of problems in foreign policies!!!
Your darn straight !!! That man could care less about all the underhanded political games that go on. He is a straight forward businessman who gets things done. I had the pleasure of doing business with him once in the mid eighties and he is a no nonsense kind of guy…Exactly what we need, someone who isn’t afraid to upset the apple cart or bang a few heads together when things are very wrong in order to get back on the right track.