As Breitbart News predicted, severe flooding hammering the UK on Election Day depressed British turnout enough to assure a victory for the “Brexit” from the European Union.Breitbart News reported that George Soros had served as “The Puppet Master” of the E.U. “remain” campaign by mobilizing British elites to spread fear that a vote to “leave” would cause the pound to be devalued by 15 to 20 percent and GDP per household to fall by $6,321
With the pre-election polls showing the “remain” leading and London bookies offering 13 to 1 odds against the “Brexit,” the shock and awe of the leave vote winning by 52 to 48 percent sent UK stock prices crashing down harder than the initial September 15, 2008 bankruptcy of Lehman Brothers hit US markets.
Breitbart News on the eve of the vote predicted that an “Act of God” level storm system was about to wallop the UK and favor the Brexit. The worst of the day’s torrential rain storms and severe flooding hit hardest in Southeast England, which was expected to be the strongest area for the pro-remain vote.
The chaos depressed the national vote to a turnout of just 72 percent, versus the approximately 80 percent expected in the days preceding the referendum. The bad weather did not deter “leave” voters, but meaningfully suppressed the “remain” vote
With Breitbart News now predicting the Brexit will cause the United Kingdom to lose their top-tier AAA bond rating, the British pound plunged by -11 percent (its biggest decline in 45 years) and FTSE stock market tanked by -8 percent.
The Brexit “contagion” spread globally as Japanese stocks tumbled by -8 percent, Hong Kong shares were down by 5 percent and the U.S. Dow Jones Industrial Average fell by 4 percent.
But gold surged by almost 6 percent and continental Europe shares rose by 1 to 2 percent.
Professor Rob Ford of Manchester University told Bloomberg, “This is the biggest shock to European politics since the fall of the Berlin Wall.” He predicts that Prime Minister David Cameron, who championed the “remain” effort, will resign tomorrow “after a rejection as emphatic as this.”
The reverberations from the Brexit triumph will motivate populist insurgent parties across the European continent to demand similar referendums. Nigel Farage, who led the fight for the Brexit, told the BBC, “Let June 23rd go down in our history as our Independence Day.” He added, “The euroskeptic genie is out of the bottle and it will now not be put back.”