Great Britain Voted Thursday to Exit the European Union - This “Brexit” Could Unleash Global Chaos

By Lowell Ponte

Yesterday, the British people voted in a national referendum to declare their independence from the European Union. The ruling political establishment, right and left, had joined to crush this populist uprising with a campaign of fear and authority. But a majority of voters, sick of the European rot that has been destroying the Great in Great Britain, pushed back – and history changed. Brexit’s victory unleashed a shock wave around the world that for a time halted stock trading in Asia, sent Dow futures plunging by more than 700 points, drove the 10-year Treasury bond yield to modern record lows, and sent gold surging upwards by more than $80. [more...]