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
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BREXIT HAPPENING: Article 50 to be Triggered on March 29th

It’s finally happening. The British government understands that to tether itself to a sinking Germanic ship is suicide. Playing the game of empire for a thousand years, the Brits would’ve loved nothing more than to dominate the EU and subjugate them all to the British crown. But that wasn’t going to happen with the German bastards imposing their economic dominance over Europe, so the Brits have opted out. The cost benefit had depreciated to the point that leaving the EU, in spite of the near term economic hurdles, was worth it — especially since the harshness of the European migration crisis had unmoored the people to the point of nationalist revolt.

Hence, the Brits are playing along with the will of their citizenry and will soon begin the arduous quest to negotiate trade deals — which must be done within 2yrs of triggering article 50.

The Secretary of State, David Davis, for Exiting the EU made a statement with regard to the announcement.

“Last June, the people of the UK made the historic decision to leave the EU. Next Wednesday, the Government will deliver on that decision and formally start the process by triggering Article 50,” he said.

“We are on the threshold of the most important negotiation for this country for a generation.

“The government is clear in its aims: a deal that works for every nation and region of the UK and indeed for all of Europe – a new, positive partnership between the UK and our friends and allies in the European Union.”

Curency and equity markets are little changed on this announcement, which was expected.

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4 comments

  1. The Maven

    The non-reaction of the markets to this announcement is stunning when compared to the hysteria that ensued before and immediately after the Brexit vote.

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  2. infinitezuul

    Interesting that Merkel was not imprisoned as soon as she touched US Soil. Seems Trump is playing by their rules, for now…

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  3. matt_bear

    i haven’t been following but i’m honestly shocked because all of my social media feeds have been various links/articles about brexit being stopped, lawsuits, parlament votes, etc.

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