Brexit confirmed. It is happening.

Just one word as EU citizen.

Five more countries looking to exit.... Article Here

Whatever you're going to buy you'd better buy soon. Once the credit markets in the UK start drying up so will the gear and the components to build it.

So, this is just horrible.
I am no friend of a lot of trends in european politics. But this is no solution for any problem whatsoever. Not for Europe, not for Great Britain.
Yes, you might get british stuff cheap(er) soon. For a while...

A second thought: Read it up before you use the word socialism. Sorry, but obviously it gets a lot of wrong usage.
Actually, the left wing might get stronger due to Brexit. They hope to gain strength with Great Britain cutting the rope to european capitalism and it's banks in Frankfurt and Luxemburg. This thinking might have led conservatives *and* left wing to vote for Brexit. I would appreciate it, if they were right about this, but i am not. It will strengthen nationalism, which never was a good thing for Europe in the past...
Europe is as far away from socialism, as it gets. Unfortunately.

Seems to me the Sterling is just getting slammed via the shorts playing the game of spreading doom and gloom. I'd think a Carnhill transformer is still worth what I paid for it 6 months ago.

Over $2.1 trillion in value lost in stocks globally. Congratulations, UK.

To give a picture, how much this is:
It is higher than the foreign cash stash of all U.S. companies combined, that reached a new high this year...
(The big U.S. companies are very flexible in where they declare their profits, and often decide to go this way to save taxes.)

The true point of the whole story is that the so called United Kingdom is not united anymore. Scotland will join the EU. Today City of London thinks about to be indipendent in the future and wants to join the EU as well city.

Actually we are not talking politics.
We are talking the stupidity of a Primeminister who was dumb enough to blow up a small conflict in his party.
And we are talking the psychology of a nation.

It should be a WARNING to the USA.
You can see on the Brexit thing how populists divide your country in the peoples souls. Its the worst case scenario for GB. A whole nation follows a bunch of stupid arguments. We Germans have experience with this kind of BS telling cheap propaganda.

PS
My fellow friends in the US I often read the term "socialisim" when it comes to Europe.
It seems to be a reflex? Europe is socialisim?

Its not, socialisim in Europe died 1989 with the fall of the Wall here in Berlin.
That we have good social securty systems is not socialisim.
We live in a capital market, pretty similar to yours.
Having good social securty is a wise decission, because it motivates us to concentrate on our work.
Come amd visit us to see that everything is fine, and that we live deep in the western system.

Whatever country you live in, if you have any sort of pension or retirement plan based on the stock markets of the world, you just lost a huge chunk of your future. I doubt that the losses will ever be made up and fear that more losses will follow as other countries Ponder exiting the EU as well. There is already a movement started in France which they are calling Frexit, if what I read is true.

Here the opposite is true. Northern Ireland and Scotland need the EU more than they need England, marking the end of the United-Kingdom. Secession and reunification talks are pretty much guaranteed. London City will be the next to feel the hit, as banks relocate their staff to inside the EU (Frankfurt etc.)

Small businesses in England and Wales will then move across these new borders to Scotland and Ireland in order to stay inside the EU, and that's the end of the 5th largest economy in the world.

That they'd set all this in motion voluntarily is the insane part...

The "North Korea-ization" of the British economy isn't likely to make them stronger over the long term. There's no historical evidence that protectionist and isolationist policies have ever had any kind of a positive result for the people practicing them. Quite the opposite.
This is a tremendous mistake on multiple, multiple levels. First of all the credit crunch that UK is going to experience will probably be pretty epic. None of the European banks are going to be providing commercial financing services - that going to make it a real PITA for UK based companies to buy materials or make their payrolls unless they have truckloads of their own cash to do it. I'm sure to some extent UK based institutions will up their game a bit to pick up the slack, but it's still going to be like bailing out the ocean with a thimble. Approvals will harder to get than frogs with beards and the interest rates are going to be absurd. This credit crunch is going hit the working class first and very much the hardest - Ironically they're the same people who supported leaving.
Also, if the UK expects to do any business in the EU they're still going to have to abide by EU regulations. AND since they're no longer a member of the EU they will have virtually no voice in what those regulations may be. Oops! Doesn't sound like more freedom to me.
And taxes? No joy in Mudville there either. Again, if the UK wants to participate in the EU's markets those taxes are still going to need to be paid and will likely increase significantly- but the UK won't have any voice into just what those tax rates should be. Bend over. Bend WAY over.

It's not really unfair to ask should we even refer to it as "The UK" anymore? There isn't much of a K left... and when Scotland & Ireland decide to stay in the EU and NOT the UK there will be even less.

I'm certainly not saying that the EU was a panacea for all of the problems the UK has to deal with, but leaving it makes about as much sense as treating athlete's foot by cutting your leg off.

Self determination won over an oligarchy? I'm shocked as most Brits thinking like that are already here.

In the end, the Brits woke up and realized that the un-elected oligarchs in Brussels didn't have their backs. Finance, immigration and self determination were the reasons the Brits left. Those that supported staying have an investment in the EU they want to keep going. The working class did not have that.

This is the beginning of a world-wide movement away from political correctness, the new world order and big government. Now everyone in Europe wants to self determine their own path. I find that healthy as the Big Government crowd (the elites as they are known here) are losing their grip on the people, despite the coaching from the media,(also included with the 'elites').

The EU is for all purposes, over. It was a grand experiment, one that insisted that many different countries with different languages and cultures could find common ground. In the end, it cannot. There are too many differences, not enough simularities for that to be sustained. Expect France and Portugal to be next, followed by the rest except Germany, the country that makes the most off that union.