Just a few things that will happen with Brexshit...

[TreasonousBastard]

A flight from London to Paris might become tough to find-- present aviation rules are for EU members and non-members have to scrape by.

Speaking of aviation, will Rolls Royce be able to sell jet engines to the Continent? And how does this affect the new owners of Rolls Royce and Bentley cars? Lots of important trade up in the air.

As an EU member, Britain has arrangements for currency control and rates, even though they are Euro-less. Now, Europe can just give them the finger and they can't do a thing. How's trade gonna work without European customs advantages? And while the Brits whine about regulation, how's it gonna work when trade is completely stopped when continental regulations have no discussion mechanism?

Scotland and Northern Ireland are pissed beyond measure and will bring back the separation movements with greater strength-- the UK ain't so U any more.

It gets worse, and simply means that the Brits don't have the brains or stones to work out how to avoid taking the island 400 years into the past.

And the Queen will need a new crown.

(Wall Street isn't open yet, but everything is heading south already...)

[JustAnotherGen]

2. I'm glad you posted this

I'm reading a lot of "big picture" posts - but not a lot of "nuts and bolts".

I've flown into Heathrow many times as a landing pad to other parts of Europe (greater NYC Area). What happens to those cheap Easy Jet flights? EWR, JFK, La Guardia . . . Cheap flights over the ocean to London. In the know? You book your flight to elsewhere on another airline. Does the other airline now treat London as a premium price? Do I still "save" if I divert to Paris but pay another $150/$200 to Paris or Rome?

And Scotland and Northern Ireland - I think you are right. If I'm dreaming of Prestopan glory as a Scot - does this embolden me?

And Customs - am I now directing my carrier to drop my containers in France for the next two years because of perceived instability? (ETA E.U. is our number one trade partner - UK is seventh)

I don't know the answers - I suspect you don't either. My concerns are with the nuts and bolts of how people "do things" in the new environment.

[TreasonousBastard]

3. I sure don't have any answers to this, just...

an understanding that it's so much easier to destroy than to build, and building cooperation, while difficult, has untold rewards.

Just heard a 120 billion market cap wiped out and Wall St isn't open yet.

The die is cast, and there are people smarter (hopefully) than me are working on how to put the pieces back together. History shows it's 50-50 whether we get rare geniuses to work it out, or just let things collapse.

[Vattel]

4. worst of all, my pounds just lost value.

[grossproffit]

5. The British pound shall be something to watch as well.

What a shocker. Cameron out, too.

[glennward]

6. Since Brexit happened, can NATO be far behind?

That's my question.

[Hortensis]

10. Yes, unfortunately it's become very relevant again.

The same people who voted for separation will also vote for protection.

The rise of both left and right wing populism is causing great worries about the stability of Eurasian peace and of its democratic governments. A lot of Eastern European nations are going more and more right wing, southern Europe left wing, demonstrating various dysfunctions of trending authoritarian extremist ideologies that populist discontent put in power, including economic, social (xenophobia and religious huge), and military, all promising future troubles. And, of course, among them is Russia, which is actually threatening nuclear attacks in response to actions in nations bordering it. (Russia has always felt a need to defend itself by controlling all nations that border it.)

This in the context of the enormous destabilizing pressures and disasters of climate change and vanishing fresh water supplies.

Populist movements reacting to failure of governments to protect their people's wellbeing during this era of globalization and anxiety over various threats are happening around the planet, including of course in both the Democratic and Republican parties right here in 2016. The GOP is imploding in a populist revolt, and many populists and others on the left similarly feel a need to destroy and replace the Democratic Party with all new people.

A lot of those who held the notion after the breakup of the Soviet Union that NATO is obsolete have changed their minds in the face of these very real threats to peace. Apparently Trump heard someone say that once and parrots it, but if he were elected the Pentagon, and Congress, would put him straight.

[Hortensis]

7. It was rather shocking to wake up to, but

it'll probably take some time, even a couple years, to negotiate the departure, etc.

A Brit on Joe pointed out that Britain has been part of a European union for most of her life, and another speaker feels that most voters have no idea just how profound what they've set in motion is. Younger voters went overwhelmingly to remain.

We know a couple who live near Cambridge in a tiny cramped rental. They both earn decent livings, but real estate is so tight and prices so high that they have little hope of owning the home she dreams of. She'd never mentioned influx of people from the continent as a factor, preferring to grouse about strict laws against developing England's green countryside. I wonder how she voted, but suspect I know. They're in their 40s.

Whatever. It's not war. It's a peaceful separation. They'll work it through.

The question seems to be what will happen with the rest of the EU.

[joshcryer]

8. Scottish leader speaking now.

She's pissed af right now.

[Chan790]

9. Actual Brexit requires an act of Parliament...the referrendum isn't legally-binding.

I would not be surprised if any and all of these factors result in Parliament ignoring the results or simply "failing to consider/pass the act in question" and hoping it all goes away.

It's one of those things where nobody that isn't an angry white idiot wants it and the only reason it was allowed to come to a vote was because they thought the outcome was assured.