USA - The name “Bear Stearns” is enough to send a shudder down the spine of any investor who survived the financial crisis. The collapse of Lehman Brothers in September 2008 is generally regarded as the moment when the entire financial system almost came crashing down. But it is often forgotten that the glue that held it together had started to come unstuck more than a year earlier.
EUROPE - The fallout from the Brexit vote continues to rock the European financial system. On Wednesday, the British pound dropped to a fresh 31 year low as confidence in the currency continues to plummet. At one point it had fallen as low as $1.2796 before rebounding a bit. As I write this, it is still sitting at just $1.293.
USA - CH Smith nailed it: “There is no avenue left for advocacy, grievances or redress in a system dominated by global corporations.” In the old feudal days, peasants with pitchforks and torches could assault the lord’s castle on a hill. Today, there is no castle nor even a hill. Yet, we still have the same grievances, angst and desires for peace, safety and prosperity.
USA - US Attorney General Loretta Lynch is coordinating with Democratic activists to so disrupt the upcoming Republican and Democratic National Conventions that martial law will be declared.
USA - The Federal Bureau of Investigation has basically said the upcoming presidential election belongs to Hillary Clinton, and we really needn’t do much more than wait out the clock until November, former State Department official Peter Van Buren told RT.
FRANCE - Protestors are rising up in their millions against a ruling class determined to take away their rights. There is anarchy on the streets of France as the mainstream media continues to suppress the scale of events.
EUROPE - European Union (EU) members have today voted overwhelmingly to bring back border controls in a blow to the Schengen free movement agreement. In a bid to minimise the effects of the migration crisis on Europe MEPs agreed to replace the union’s border agency, Frontex, with a new European Border and Coast Guard Agency (EBCG), which will be granted more powers.
UK - From an economic point of view, Brexit is not a big issue as we have already warned many times. We informed our readers beforehand that fear-mongering by Soros, Zerohedge and their likes would result in an unjustified market sell-off. We do not believe that the global economy is doing fine, and we see enormous trouble ahead. With the absence of a sustainable global growth, hedge fund managers tried to create turbulence in the market to reap a profit. In the first seconds of June 24 trading day, just as the Brexit results were announced, the losses (and profits) due to the engineered panic were gigantic. If we only take a closer look at the numbers for the ESX, DAX and FTI futures, more than 200 million euros evaporated within one day. Because this is a zero-sum game, somebody must have made unbelievable profits
UK - Gold price in euros hit the three years high at 1220 euro/oz last week. Gold price in dollars, euros, and British pounds increased while that expressed in the yen did not change that much. The June IMF shows that central banks are still adding gold to their reserves, especially the Russian and Chinese Central Banks, which are adding gold on a monthly basis. And it just happens so that these two countries are the most powerful adversaries of the United States.
VATICAN - Pope Francis has criticized countries that talk of wanting peace in Syria, yet continue to supply arms to the warring sides. The Pope did not name any names, but said in a video message to a charity group holding a conference on Syria: "While the people suffer, incredible quantities of money are being spent to supply weapons to fighters. And some of the countries supplying these arms are also among those that talk of peace. How can you believe in someone who caresses you with the right hand and strikes you with the left hand?” he added.
USA - The world’s economic tectonic plates are beginning to shift and soon the world’s economic system will come tumbling down. Will you be prepared? Have you converted your soon to be worthless cash into precious metals?
USA - Earlier this month a federal court in California ruled that a farmer plowing his land without a permit from the federal government is breaking the law. In 2013, the Army Corps of Engineers, without any notice or due process, ordered the owners of Duarte Nursery to cease use of their land for allegedly violating the Clean Water Act (CWA). The violation: plowing.
USA - Who's leading the installation of police officers inside schools and the implementation of zero tolerance policies? In New Jersey, the answer is the local prosecutor's office. A little background: police were called to a third-grade class party because a nine-year-old allegedly made a racist remark when discussing the brownies they were eating. NO. REALLY.
USA - Independence, liberty, freedom. Ideas worth celebrating, for sure, only intangible constructs of the human mind, therefore, their meanings can change along with the times. And since people are extremely adaptable creatures, we rapidly normalize to ever-evolving societal and cultural conditions and values. What people consider to be ‘freedom’ today, is nothing similar to what it was even a couple of generations ago. Here are 4 celebrated, historic liberties that people have long enjoyed, yet are undergoing a dramatic metamorphosis in an evolving world.
EUROPE - Billionaire financier George Soros is frantically trying to overturn the Brexit vote fearing it will cause the break up of the “doomed” European Union (EU). The Hungarian hedge fund manager claimed millions of people who voted leave are now suffering "genuine buyer's remorse" and had only backed Brexit as a form of protest vote. His remarks are likely to spark outrage amongst the 17million Britons who voted to quit the Brussels club, and come amid growing concerns of an establishment stitch-up to override the will of the people. Mr Soros said Brexit should be overturned and instead the EU given even MORE powers, transferred from national governments. He said: “Europe is genuinely doomed to fall apart unless we pull together. This is not the time for compromises, we need a fundamental reform to reconstruct it from the ground up."