UK votes to leave the EU
The UK has voted to leave the EU by 52% to 48%. Leave won the majority of votes in England and Wales, while every council in Scotland saw Remain majorities.
"If fully followed through, this will be an act of economic self-harm with global ramifications."
Macro-economist Samuel Tombs
With the UK "Leave" vote beating out the polls assuming the "Remain" vote would win, this could create a trigger for more countries to follow suit.
BREAKING: Dutch Party for Freedom leader Geert Wilders calls for Dutch EU referendum after Brexit— BNO News (@BNONews) June 24, 2016
The question remains: What happens next? I don't mean chaos in stocks, currencies, etc. I'm looking at the bigger picture here. Will we see a complete breakup of the EU in the coming years?
This Brexit will not happen overnight and will take years to fully be implemented. Nonetheless, with the uncertainty in the markets, expect capital flows to head into the US dollar for safety.
Given that most all Brits have realized the "Leave" vote has won, the losing side has already began to petition for another EU referendum for a re-vote. Now it seems Scotland might want their independence from the UK... This will be interesting!
Just like that, David Cameron has resigned.
Thank you everyone who voted to keep Britain stronger, safer & better off in Europe - and thousands of @StrongerIn campaigners around the UK— David Cameron (@David_Cameron) June 23, 2016
In the meantime, some general advice NOT from your financial adviser:
BUY BITCOIN (Get $10 free)
And if you're a little more risky...