(excerpt: Twilight Language)
Britain has voted to leave the EU, a shock development with profound implications for markets and economies around the world.
Here’s what you need to know:
After a long night of vote counting, CNN, along with major UK media outlets, called the race for the “Leave” campaign. It leads by more than 1 million votes with 90% of districts reporting.
Markets are a bloodbath: The pound has already plunged more than 13% to below $1.33, its lowest level since 1985. London’s main stock index is also set to tank when it opens for trading.
In Asia, Japan’s Nikkei tanked 6.7%, and Hong Kong’s main index dropped 3.7%. Futures suggest that New York is also in for a rough trading day.
Investors are searching for safety: Look for gold and U.S. Treasuries to spike as money pours into perceived safe havens.
The big takeaway? This isn’t a one-day event. Britain’s decision to depart from the EU has injected huge amounts of uncertainty into markets, and it has the potential to upend Europe’s established political order. Buckle up!
Tweets began appearing, stating:
In what part of Red Dawn does this #Brexit thing take place again? ~ @BarefootBoomer (an US Army strategist).
And, by a published author,
Now for wrath, now for ruin, and a red dawn. ~ @ActuallyAisha.
Drudge posted these:
June 24th is St. John’s Day. Give a hug to your favorite Ufologist. Lots of them die on this date. As I have mentioned often, the date of the “first” sighting in the “modern era of flying saucers” is June 24th, and it is especially linked to the “Deaths of Ufologists,” including a loss as recently as 2015. Watch the news today and in the forthcoming days to reveal what happened today.
In the short term, this has just begun. See “U.K. ‘earthquake’ crushes global markets.” David Cameron has resigned. More to come.