iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,455 Blog Posts

Britain’s Cameron Sets June 23rd Date for Referendum on BREXIT

This is grim news, since it leaves months of rhetoric in the balance. There is nothing the market likes less than uncertainty. Britain’s Prime Minister has set a date for the people to vote on whether to stay in the EU or not.

Leaving Europe would threaten our economic and our national security,” Cameron said outside his official Downing Street residence in London Saturday. “The choice is in your hands, but my recommendation is clear. I believe that Britain will be safer, stronger, and better off in a reformed European Union.”

Vocal critics, like Nigel Farage, are delighted and will use this opportunity to deride mainland Europe best they can to sway public opinion.

image

It’s worth noting the fact that markets will likely be dreadful by June 23rd, providing investors with just one more reason to sell in May.

If you enjoy the content at iBankCoin, please follow us on Twitter

14 comments

  1. superpositron

    And I’ll vote to leave!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. ironbird

    Brexit has nothing on the Rapeugees. The EU is finished either way. Summer life boat tourism will break records. So will the death toll washing up on the shores.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. frog

    Fly, or anyone who understands this, what would the market be uncertain about, if Britain left vs. if it stayed in the EU? Is the EU expected to crash economically or something, if Britain isn’t in it? What would change for the worse, in world markets or economies, if Brexit happened?

    Regarding refugees,some people who are alarmed at the fact that one fifth of the Syrian population has become refugees, thanks to Assad, are quite fond of Putin. This is contradictory, as Putin is fighting on Assad’s side, while Assad keeps creating more and more refugees by butchering his own people.

    The Kurds are fighting on Assad’s side too, from what I am reading. Not that the Syrian rebels are pure angels either. ISIS apparently is an ally of theirs, and perhaps plans to take control if Assad is pushed out, rather than allowing Syrians some more democratic form of government. There is more to these conflicts than is immediately apparent. And a zillion reasons for the U.S. to stay out of them. You can’t help the “good guys” if the societies are composed only of weak groups and of strong but brutal groups who chop off heads or use chemical weapons against their people.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • razorsedge

      Great point but sometimes it’s just to late to turn back. ie. We leave Iraq after we made a mess with no one to clean it up. Extreme vacuum.Libya, ect

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • razorsedge

      Sorry forgot frog+1

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • moosh

      I see what your saying, but the whole date thing screams uncertainty.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  4. vampyr

    “…buy the sky and sell the sky…”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. razorsedge

    Fly for parliament !

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. t.c.

    This is going to be entertaining.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. moosh

    Seats are thin on the ark. There is a spot to squeeze into but your looking at a tweeked out hedehog.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. 99 lead balloons

    Possible to build another ark made entirely of gold?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Nigel Farage is one of the greatest people to have ever lived.

    • 0
    • 0
    • 0 Deem this to be "Fake News"