First, it wipes out resources by taking down investor confidence:
MORE than £100billion was wiped off the London FTSE 100 this morning within minutes and the value of the pound crumbled as world markets were gripped by Brexit panic.
The City was facing its third biggest fall of all time, shedding 458 points in a massive selloff, with shares in Barclays and the Royal Bank of Scotland tumbling by around 30 per cent.
Experts warned of more carnage to come with fear gripping world markets seeing Japan briefly shut down and European stock markets all in free fall.
Britain also looked set to lose its triple-A rating after 52 per cent of Brits voted to Leave the EU.
Then it creates a trigger in others by igniting the innate competitive spirit:
Voters in France, Italy and the Netherlands are demanding their own votes on European Union membership and the euro, as the continent faces a “contagion” of referendums.
EU leaders fear a string of copycat polls could tear the organisation apart, as leaders come under pressure to emulate David Cameron and hold votes.
It came as German business leaders handed a considerable boost to the Leave campaign by saying it would be “very, very foolish” to deny the UK a free trade deal after Brexit.
Markus Kerber, the head of the BDI, which represents German industry, said that 1970s-style trade barriers would result in job losses in Germany.
The question will be, do they want the EU’s draconian rules and its forced immigration in return for the jobs they will have to use to make enough money to pay the debt of countries like Greece? Now imagine what will happen to the markets when all of these nations pull out, which they inevitably will. K is a cascade.
This is a direct byproduct of not only resource restriction and uncomfortable reality, but also the mania with which rabbits, confronted by reality, fall into, as they ever more forcefully try to impose their fantasy upon the world. Had the heads of the EU not sought the insanity of flooding Europe with millions of hostile Muslim foreigners intent on welfare and rape, this may very well have failed for now.
But in the face of that panic, liberals can’t help themselves. If their mania drives them to do something so idiotic that even an imbecile could see it would destroy them, then that is what they have to do. There is no logic, only denial, sheer panic, and the need to assuage the momentary whims of amygdala, at any cost.
These times are a case study in the mental illness that is leftism, and the destruction it can cause.
[…] Brexit Feeds The Drive to K […]
Exactly. I said that very thing to several rabbit … er … Liberal friends who lamented the Brexit vote. “Stay” would have almost certainly ruled the day if the EU (stands for Elite and Unaccountable) have not been insisting on flooding the EU countries with millions of third world Muslim migrants.
Ha Ha. Lowering the pound makes exports more competitive. Increasing British exports. They’ll do fine.
I’m far from a skilled investor but it seems a buy and hold position in British Pounds would be an excellent long term investment.
Why do you believe k comes in cascades? Is there evidence or is that theory? I suppose we would expect some plot of r/k versus time to be a sawtooth pattern, with society continuously drfting towards r before suddenly crashing to k, if the theory is accurate.
Because I think between denial, and society mortgaging the future to protect the now, the environment’s slide into K is sudden when it comes. By then, the resource situation is a house of cards, people’s amygdalae are in a denial that will very quickly shift to sheer terror, and since each is related to the other, when one goes, the whole thing goes.
To be clear, what we are seeing now is not environmental K. Resources are still free, and we all are fat and happy. Right now, some of us are sensing things in the environment, those are tripping ancient switches in our brains, and as a result we are seeing our psychologies shift toward K so we will be ready when it hits.
But the psychological shift is mild among some, and it is detached from the actual environmental conditions.
We’ll know real K when it hits, and the shift in psychologies them will be radical.
If anyone believes London FTSE 100 crumbled, Barclays and the Royal Bank of Scotland can be had at 30% off, call your broker, he will tell you he will get back to you Tuesday.
If Japan briefly shut down, it was to keep you out. Hot MSM news for the suckers, nada for reality. Come Wednesday all will be well, suckers.