At 2:30 (Beijing Time), I saw on the news that Britain had voted to leave the European Union. With a victory at about 51.7%, the British people decided their own fate, through their own electoral process. The majority was not persuaded by threats from European apparatchiks nor promises of doom from their own government, led by David Cameron. Since he risked his position on the Remain vote, it looks like he may be out.

Already, the markets are panicking under the future uncertainty, when it will take the UK up to two years (or longer) to untangle itself from Europe. The pound sterling has already fallen 10% to dollar, hitting its lowest since 1985. Since this was warned, it means that the British people voted for liberty over their pocketbook. Bravo! Many are already warning that Scotland and Northern Ireland may jump ship to reattach themselves to the EU teat. I say go ahead, despite the fact that one of the EU’s largest financial bulwarks have just been pulled, with Britain signaling to others disenchanted with the EU model that may flee a sinking ship.

Down with the bureaucrats!

*Poster at top was found at Instapundit. It is one of my favorite news sites.

**Update** – That didn’t take very long (couple of hours). David Cameron announces his resignation, stating, “I will do everything I can as prime minister to steady the ship over the coming weeks and months, but I do not think it will be right for me to try to be the captain that steers our country to its next destination.”