Brexit: Economic Destruction Next?
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--The mere announcement of the Brexit has caused stocks to drop worldwide, and has caused the Euro and the Pound to drop in value http://www.itv.com/news/2016-06-24/david-cameron-to-resign-as-prime-minister-after-eu-referendum/ http://www.bbc.com/news/uk-politics-32810887 http://finance.yahoo.com/news/brexit-101-just-happened-why-075121518.html http://www.express.co.uk/finance/city/683003/Brexit-shock-France-overtakes-UK-worlds-fifth-largest-economy-pound-plunges http://finance.yahoo.com/news/brexit-what-you-need-to-know-165359081.html https://newrepublic.com/article/134602/brexit-will-hit-america http://www.telegraph.co.uk/news/2016/06/24/spain-proposes-shared-sovereignty-over-gibraltar-after-brexit-vo/ http://finance.yahoo.com/news/el-erian-says-brexit-good-140127328.html On the Bonus Show: Fans followup on Louis' ESP story, Texas judge rules prisoners must have clean water, Buenos Aires to shut down zoo, more... Support TDPS by clicking (bookmark it too!) this link before shopping on Amazon: http://www.amazon.com/?tag=thedavpaksho-20 Website: https://www.davidpakman.com Become a Member: https://www.davidpakman.com/membership David's Instagram: http://www.instagram.com/david.pakman Discuss This on Reddit: http://www.reddit.com/r/thedavidpakmanshow/ Facebook: http://www.facebook.com/davidpakmanshow TDPS Twitter: http://www.twitter.com/davidpakmanshow David's Twitter: http://www.twitter.com/dpakman TDPS Gear: http://www.davidpakman.com/gear 24/7 Voicemail Line: (219)-2DAVIDP Subscribe to The David Pakman Show for more: http://www.youtube.com/subscription_center?add_user=midweekpolitics Timely news is important! We upload new clips every day, 6-8 stories! Make sure to subscribe! Broadcast on June 27, 2016
Comments
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ONE DAY after the referendum our currency had stabilised and the stock markets were getting over the shock, that's all it was, now our economy is growing and booming, whilst Germany is on the road to an economic collapse.
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PEACE, LOVE, UNITY, PROSPERITY, CALM, WISDOM
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It's a done deal that we as a nation are going to become pretty much irrelevant on the international stage and our economy is going to shrink.
Little England on it's little Island.
The only question is how bad is it going to get.
Let's just pray we don't end up like Greece. -
Next is my company and colleagues leaving the country. EU citizens who are is disbelief of what happened. Brits who have mixed families looking to emigrate. The GBP falling so low that is makes no sense to own it nor earn it. Increase in tax and prices that will make it unattractive to come here.
Not to worry though: their will still be zero hour contracts and shitty housing plans for the eastern Europeans and Syrians refugees as they will be the ones who will pay for your pension. You'll have to amend your culture somehow or create more ghettos. Everything being done "for your children", because it's never about you, as usual. -
Well David, you were wrong about trump winning the nomination.
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Is EU so desperate and WEAK that a uk exit would lead to big issues? so useless?
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brexit was awesome
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Giving opportunity back to the British common folk, and telling big business to go fuck themselves. What's wrong with that?
A few points down on the DOW is worth it. -
The UK kicked the EU in the teeth. I don't think the EU is in a rush to make any deals.
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1. Nothing guarantees the UK will remain intact. Scotland and Northern Ireland, even Gibraltar want to leave the idiots behind.
2. So far $3+ TRILLION USD has been wiped off from the stock markets globally. Things won't return to normal, besides economic instability there is also widespread frustration, even hatred, among many businesses and politicians who work with the UK -- they are looking for alternatives.
3. The UK is very divided now, there won't be any unification & understanding anytime soon. This makes it much harder to recover. Brexit also encouraged racists to come forward and express themselves in predictable ways, thinking immigrants will be deported now. How little do they know.
In short, the UK fucked itself, most people are just not aware of it -- yet. -
This is what I've been thinking - a few years ago we found out our banking system was built on a foundation of bullshit. No apocalypse happened. I doubt this Brexit is a worse thing to happen than that.
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There's a lot wrong regarding what you said. I voted Remain, but still, you should do your research first.
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Brexit was England's last, best hope to shield itself from being overrun by refugees.
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+David Pakman is so sexy and cute...LMAO!
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Asking hyperbolic questions causing cancer?
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I am not sure, that you understand the consequences and the paths that open after brexit. GB finance industry losing it's status for sure (only real GB Export), Scotland leaving the GB for sure, new euroexit referendums in other EU countries... Whatever the deal between the London and EU comms out of it on the end, this is a major crisis with lot of losers on the end.
People still take it as some kind of a joke, because it's such a laughable situation, but it is a catastrophe. And the Brits had such a great deal with EU... Amount of human stupidity is just devastating.
I've learned a lesson this sommer (Austria presidential race, Donald T., Brexit): don't laugh when you see stupidity, be afraid of it and act imidiatly...
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I doubt that the banks will move their financial hubs. The other possible EU countries have to much tax and short government mandated workweeks.
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Good video. I think they will be fine. It'll probably end up being a good thing in the end.
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I think the negative effects will mostly hit on England. I will take the decline that started in WWII even further.
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Sorry Declan, but what do you mean when you say I'm in a minority?
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