Market madness and political madness

The Dow lost more than 600 points Friday and has lost another 220 so far today, and markets worldwide are in shock.

All because Brexit means, of course, the end of life on Earth as we know it and have known it for more than half a century.

And apparently it might.

Blithely ignoring the panic on global markets and the extraordinary wreckage so far, the American and European rights continue to exult, and anti-EU parties in various countries continue to call for their own referenda and the collapse of the EU.

Already there is talk of Scotland seceding and Northern Ireland leaving the UK to join the Irish Republic.

Imagine the states and provinces of Germany, Mexico, the US, Australia, and Canada and the regions of Spain and Italy, the two halves of Belgium, and the Cantons of Switzerland defederating, each assuming complete sovereignty in a fit of particularistic pique.

Really, what lunacy.

Ask yourself why the rightists who so favor the smashup of Europe that cannot help undermining European security are also well disposed toward Putin, the leftover KGB thug and Russian neo-imperialist who is ripping up the Ukraine, threatens the Poles, and might well at some point invade and occupy the Baltic states.

They are all for particularism and tribalism when it shreds Europe and the West, but are happy to find excuses for the new Gobbler of Nations in the East.

What hypocrites these Buchananites are.

What a feckless political nitwit Cameron was for allowing so momentous a decision to be so frivolously made.

Donald Trump predicts breakup of EU

Donald Trump has predicted the breakup of the European Union and warned Scotland against the risks of a second independence referendum.

During a visit to Scotland hours after Britain opted to leave the EU in a historic referendum, the presumptive Republican presidential nominee said that without strict migration controls Europe would be unrecognisable within a decade.

In an interview with the Times, Trump said: “The people have spoken. I think the EU is going to break up. I think the EU might break up before anybody thinks in terms of Scotland. 

"I really think that without the immigration issue [the EU] wouldn’t have had a chance of breaking up ... the people are fed up, whether it’s here or in other countries. You watch: other countries will follow.”

Islam is only part of the immigration issue.

Many Brits and others in Western Europe have been annoyed at mass immigration of cheap labor from ex-communist countries now part of the EU like Poland.