Thursday, June 30, 2016

Judicial Watch Demands DOJ Inspector General Probe Into "Scandalous" Lynch-Clinton Meeting



"Attorney General Loretta Lynch’s meeting with Bill Clinton severely undermined the already low public confidence in her agency’s criminal investigation of Hillary Clinton. Her meeting with President Clinton creates the appearance of a violation of law, ethical standards and good judgment. Simply stated, Attorney General Lynch’s June 29, 2016 meeting with former President Clinton creates the broad public impression that “the fix is in."

Italy Granted "Extraordinary " €150BN Bank Bailout Program To Prevent "Panic, Run On Deposits"

The European Commission has authorized Italy to use government guarantees to create a precautionary liquidity support program for their banks, a spokeswoman for the European Union’s executive arm said, adding that the program was approved under the bloc’s "extraordinary crisis rules for state aid." Prime Minister Matteo Renzi hoped to use a liquidity backstop to contain investor panic, which could result in a run on deposit and affect banks’ liquidity.

The Collapse Of Western Democracy

Democracy no longer exists in the West. In the US, powerful private interest groups, such as the military-security complex, Wall Street, the Israel Lobby, agribusiness and the extractive industries of energy, timber and mining, have long exercised more control over government than the people. But now even the semblance of democracy has been abandoned...

The New Narrative For Earnings: Blame Brexit

Every quarter there is always a fallback narrative put forth as to why companies fail to meet earnings expectations, and we now have that narrative for the rest of 2016 (and perhaps through 2025): Brexit.

Driver In Fatal Self-Driving Tesla Crash Had Recently Posted Video Praising Car's Autopilot

The driver killed in a crash in Florida while using his Tesla Model S’s autopilot feature had less than a month prior posted a YouTube video praising that same autonomous driving feature.

"Off The Grid" Indicators Reveal True State Of U.S. Economy


What's The Car Preference Of Millennials? Bentley - Of Course

As many millennials have resorted to living with their parents in order to save on expenses, it turns out that "the other half" are out driving luxury cars.

The Militarization Of The US Goes Beyond Police Departments"

Are they arming themselves against terrorists or you?

Could The IRS Empty Your Bank Account?

"I'm just waiting for the government to do the right thing," he says. "Not just for me, but for everyone in this same situation. The government shouldn't have taken our money, and they need to give it back."

This Is How Venezuelan Truckers Avoid Looters

You know it's bad in the socialist utopia when...

Geert Wilders Warns "Dangerously Blind" Western Governments: "Beware Islamization, Stand For Freedom!"

Outspoken Dutch opposition leader Geert Wilders discusses how "dangerously blind" western governments are to the dangers of the Islamization of the West and the growing influence of Sharia law. Having already called for a Netherlands EU referendum, Wilders outlines his plans to defend the identity and civilization of the West from indoctrination.

Busted Lambo Driver To Cop: "My Shoes Are Worth More Than Your Wages"

Hours after taking delivery of a £550,000 Lamborghini Aventador SV Roadster, self-proclaimed "Lord" Iqbal Aleem was pulled over by police in Digbeth, England. What transpired after the police stopped Iqbal is the type of spoiled rich kid nonsense that will make blood shoot out of your eyes.

The Curse Of "Wealth Effects" Central Banking

The robo-machines and perma-bulls are at it again, delivering another volumeless dead-cat bounce in a market that has churned sideways for 600 days now. Nevertheless, there is a reason for the churn and there is a culprit behind the abortive rallies.

Rent Affordability In Just One Chart

Thanks for nothing Alan, Ben, and Janet

ObamaScare Looms - Health Insurers Are Looking For A Taxpayer Bailout

Insurers helped cheerlead the creation of Obamacare, with plenty of encouragement – and pressure – from Democrats and the Obama administration. With the prospect of tens of millions of new customers forced into the market for comprehensive health-insurance plans, whether they needed that coverage or not, underwriters saw potential for a massive windfall of profits. Six years later, those dreams have failed to materialize. Now some insurers want taxpayers to provide them the profits to which they feel entitled - not through superior products and services, but through lawsuits.

Fighting Back? "Robo-Lawyer"-App Overturns 160,000 Parking Tickets

Got a bullshit parking ticket? Now you can appeal it in less than a minute. The new chatbot tool, DoNotPay, uses previously successful appeal letters to draw up a customized template, allowing users to avoid courts, legal fees, stress, and having to use a lawyer. So far, the free app has overturned 160,000 parking tickets in London and New York. With a success rate of 64%, DoNotPay has appealed $4 million in parking fines in just two cities in only nine months of operation.

Caught On Film - Juncker "Disappears" Farage

"Lyin'" Jean-Claude Juncker, president of the European Commission, tries to prevent photographers from snapping Nigel Farage, who looks on with justifiable schadenfreude.

Why Was A Gun Used in The Paris Terrorist Attacks Linked To "Fast And Furious"

One of the guns used in the November 13, 2015 Paris terrorist attacks came from Phoenix, Arizona where the Obama administration allowed criminals to buy thousands of weapons illegally in a deadly and futile “gun-walking” operation known as “Fast and Furious.”  ATF leaders went out of their way to keep the information under the radar and ensure that the gun owner’s identity was “kept quiet,” according to law enforcement sources involved with the case. “

Stocks Bounce, Bonds Bid, But Gold Soars To Best Year Since 1980


JPM Head Quant Explains How The Algos Traded The Brexit Crash, And Why He Sees "Elevated Risk"

"As gamma exposure turned significantly short on Monday 6/27, it also contributed to a larger squeeze up on Tuesday and Wednesday (please note, these were even more prominent on 8/26 and 8/27 than this week)... We maintain the view that we have not yet seen the highs of VIX due to Brexit and  related risks. The points discussed above suggest equity markets face elevated risk in the days and weeks ahead."

Bad Earnings, Balance Sheet Rot, & The "Brelief" Rally

Despite mainstream economists hopes that somehow “this time will be different,” the ongoing massaging of economic data through seasonal adjustments to obtain better headlines did not translate into actual prosperity.  Of course, “reality” is a cruel mistress and despite ongoing hopes and overstatements, “fantasy” eventually gives way.

Silver Surges To 21-Month Highs, Gold-Ratio Crashes

While gold surged to its highest since March 2014 on Brexit; Silver is nearing $19, up almost 9% since Brexit, breaking above Jan 2015 highs to its highest since Sept 2014...

The TARGET2 Chart Shows A Breakdown Of The Central Bank Narrative

Despite the alphabet soup of bail-out facilities provided by the ECB, people still do not trust the system. In our view, the TARGET2 chart is the best way to assess trust in central banks and as it clearly shows, the narrative is failing. It seems impossible for Draghi to reestablish monetary confidence.

Artist's Impression Of The Modern Olympian

Olympic atheletes heading to Rio are dropping

Chris Wood: "It Will Take A Political Genius To Hold The EU Together", Italy Is The Flash Point

GREED & fear continues to believe that the real flash point in the EU is likely to be Italy. GREED & fear was reminded of this reading this week that Italian Prime Minister Matteo Renzi is now seeking Europe’s agreement for a €40bn state-funded recapitalisation of the country’s banking system.

Canadian Lawmakers Chant ‘Four More Years’ After Obama’s Speech to Parliament

by Susan Jones, CNSnews:
“Thank you very much,” Obama told Canada’s cheering lawmakers on Wednesday, as he concluded his speech on globalization, the new international order, and “universal values.”
The Canadian Parliament erupted in chants of “Four more years, four more years!”
Obama received two standing ovations before he even began speaking in Ottawa, one of them coming as his liberal counterpart, Canadian Prime Minister Justin Trudeau, hailed “the lessons you taught us, not by executive order, but by example — that we are accountable…to each other.”
Obama told the Canadians that as president, “I’ve deepened the ties between our countries,” and he held up the U.S.-Canada partnership as a model for the “the path we need to travel” in a “rapidly changing world.”
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Cannabis Compound Found to Help Rare forms of Epilepsy

by Anna Scanlon, Natural Society:
Researchers are continuously finding that an oil derived from the cannabis plant is actually incredibly effective in treating and controlling a rare form of epilepsy. Since an estimated 30,000 Americans live with the particular form of this disease, this relatively recent discovery brings new hope to tens of thousands of people in helping them to regain control of their lives.
In light of these discoveries, pharmaceutical companies have taken action in creating a pharmaceutical drug derived from the cannabis oil. The drug has been produced at GW Pharmaceuticals, which is based in London. It contains a high dose of cannabidiol, which is found within marijuana plants.
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Leaked Global “Terrorism” Database Reveals 2.2 Million People Tracked by Intel Agencies

by Jay Syrmopoulos, Activist Post:
A security researcher claims to have a copy of a Thomson Reuters database that contains 2.2 million records from their ‘World Check’ database of “heightened risk individuals and entities,” which is used by governments, banks, and law firms around the world.
The security researcher says the database is from mid-2014 and contains millions of “heightened-risk individuals and organizations,” which it places in one or more of a number of categories, including terrorism, money laundering, organized crime, bribery, corruption, and “other unsavory activities,” according to reports.
Reddit user Chris Vickery says he obtained a copy of the database, although he won’t reveal how until “a later time.”
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Brexit’s Modern Manipulation and Its A-Bomb Beginnings

from The Daily Bell:
Brexit could spell more trouble for Trump, who supported leaving … Donald Trump plans a major trade speech on Tuesday that the campaign is billing as “declaring American economic independence,” a clear reference to the U.K.’s decision to leave the European Union. If trends continue, he could be doing it against a backdrop of markets crashing and the pound hitting lows last seen in the 1980s. – CNBC
In past articles we’ve pointed out the beginning of a new, elite dominant social theme: globalism versus populism.
Brexit is being positioned as a populist uprising and so is Trump’s campaign.
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Massive Leak of Secret Database Used by World’s Banks and Spy Agencies

from The Anti Media:
A confidential database used by the world’s largest banks to help them judge who to take on as clients has been leaked online, the company’s operator has confirmed.
Chris Vickery, an internet security researcher, posted a Reddit message on Tuesday saying that he had been able to access a mid-2014 version of World-Check, the database run by financial information giant Thomson Reuters.
He said the copy of the database, also used by intelligence agencies and law firms, has more than 2.2 million records about individuals and organisations, under categories ranging from terrorism to corruption to organised crime.
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Brexit: The Second Greatest Victory

by Gary North, Lew Rockwell:
The fall of the USSR was the greatest victory. It came in the final week of December 1991.
Brexit came in less than one day.
The USSR had looked shaky in the second half of 1991. Britain’s position in the EU looked solid until after the initial voting results trickled in.
The New World Order has suffered its greatest defeat, ever. They tried everything in the book to scare the voters from voting for an exit. They failed.
There will be lots of explanations offered. But this one is the big one: national sovereignty still trumps globalism. People are committed to their nations. They are committed emotionally. They are not committed emotionally to international bureaucracies. But this is all the NWO can offer the masses: international bureaucracies that super-rich people know how to milk.
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George Soros Bets €100m AGAINST Deutsche Bank – People Grabbing Their Money and Running!

from SuperStation95:
BILLIONAIRE investor George Soros took out a staggering €100MILLION bet that a major German bank would collapse after Britain’s decision to cut ties with the crumbling EU.
The man who “broke the Bank of England” took a short position of 0.51 per cent in Deutsche Bank shares on Friday – the day after the people of Britain backed Brexit.
In growing signs that desperate Angela Merkel’s economy is struggling in the wake of the nation’s decision to leave the EU – Soros Fund Management said its short position was now 0.46 per cent – suggesting it had begun to take profits from the trade.
Since the momentous decision, shares at Deutsche have dramatically slumped.
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Secret Government Warehouse Stockpiling for Pandemic: “Can’t Be Discussed Publicly”

by Mac Slavo, SHTF Plan:
Somewhere, there is a sprawling system of government storage facilities so secret that the American people can’t be told where they are, or what is kept in them.
But it is clear they are gearing up for something. These secret facilities are apparently in place to support the logistics of a response to an unprecedented disaster the likes of which no one has ever seen, or perhaps even conceived of in this country.
What happens if a mass pandemic sweeps through American cities – an avian flu, or an outbreak of a laboratory created disease? How many millions of people would be wiped out within a matter of days? What happens if terrorists deploy a biological or chemical weapon? Will quarantine zones be necessary? Will martial law be imposed?
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This Is How Venezuelan Truckers Avoid Looters

WeTheSheeplez Blog Post #4002...




You know it's bad in the socialist utopia when...

Why The Collapse Of The U.S. Economic & Financial System Has Accelerated

by Steve St. Angelo, SRSRocco Report:
The collapse of the U.S. economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing the nation, so they continue to believe business as usual will continue indefinitely.
Unfortunately, lousy reporting by the Mainstream media along with the public’s denial and delusional thinking is a recipe for disaster for most Americans over the next several years.
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'Ignorant Masses' Warn 'Elites' - "Go Ahead, Rise Up... But Be Careful What You Wish For"




James Traub’s call is for the ‘elites’ to rise up against the ‘ignorant masses’. Yes, indeed, please do. But be careful what you wish for. You just might discover that we are having the very same argument had between Thomas Jefferson and Alexander Hamilton at the beginning of the Republic.

What Is Driving Today's Market Surge: JPM Explains




The simple - and only - answer, is of course central banks. But for those who need a more "nuanced" answer to present to their portfolio managers who are watching this market move in stunned silence, here is JPM's Adam Crisafulli with the full breakdown of today's latest 1% move higher.

Global PPT Swings From "Easing Actions Are Backfiring" To Double Central Bank Bazookas In 3 Days




Sunday evening, as the world watched the fallout from what "Remin"-ers said was the end of the world, The BIS warned that central bank 'easing' actions "have started to backfire" and explained what little could be achieved with further stimulus. Three days later, first The Bank of England and then the European Central Bank both unleashed fresh bazookas as The PPT to save the world swung into action to rescue stocks and the all-important global wealth effect. Yet again - no consequences for anything will be allowed...

The ECB Admits: "We Are Concerned About The Shrinking Pool Of Eligible Debt"




  • ECB SAID TO WEIGH LOOSER QE RULES AS BREXIT DEPLETES ASSET POOL
  • ECB OPTIONS SAID TO INCLUDE MOVING AWAY FROM QE CAPITAL KEY
  • ECB SAID TO BE CONCERNED ABOUT SHRINKING POOL OF ELIGIBLE DEBT

World's Most Systemically Dangerous Bank Crashes Back To Record Lows




Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed's stress test for the second year running and been diagnosed by The IMF as the world's most systemically dangerous financial entity, the giant Germanbank is getting slammed down almost 4% today, back near record lows as its 'Lehman-esque' path to devastation continues.

UK Stocks Soar To 10-Month Highs, Gilt Yields Record Lows After BOE Announces More QE




UPDATE: U.K.'S FTSE 100 CLOSES AT HIGHEST LEVEL SINCE AUGUST ON BOE
With BoE's Carney hinting at moar easing over the summer, cable is diving (plunging back down to a 1.32 handle) and UK Gilt yields plunged to new record lows at 87bps...

Credit Suisse Raises Gold, Silver Price Targets To $1,500; $18.75, Sees "Significant Physical Deficit"




Just days after Goldman threw in the towel on its bearish gold call, the gold bulls are crawling out of the woodwork and none has been more vocal than Credit Suisse which moments ago hiked its gold price forecast to $1,500 which the world's 3rd most systematically risky bank expects the yellow metal will hit in the first quarter of 2017.

Mark Carney Speaks, Says BOE Will Likely Ease Monetary Policy Over The Summer - Live Webcast




  • BOE CARNEY: SOME MONETARY POLICY EASING LIKELY OVER SUMMER
  • BOE CARNEY: MPC WILL DISCUSS FURTHER POLICY INSTRUMENTS IN AUG
  • CARNEY: BOE MPC INITIAL ASSESSMENT JULY, NEW FORECASTS AUG IR
  • BOE CARNEY: FACES TRADE-OFF STABILISING GROWTH, JOBS, OUTPUT

IMF Warns Brexit "Uncertainty" Means "Even Lower Growth" For UK, EU




“Brexit has created significant uncertainty and we believe this is likely to dampen growth in the near term, particularly in the U.K. but with repercussions also for Europe and the global economy. Prolonged periods of uncertainty and associated declines in consumer and business confidence would mean even lower growth”

Is Europe In Trouble Again: Hints Of Portuguese, Italian Bank Bailouts Suggest Not All Is Well




Is another major bank bailout event on the horizon? It appears so. And Italy may not be alone. In comments that were little noticed yesterday, Germany's Schauble said that Portugal may see another bailout too, saying "It would have to apply for a new program, which it would get. But the terms would be severe and it is not in Portugal's interests."

Who's Next To Exit? France... Or Maryland?




"If we had our druthers, we would exit from almost everything. The U.S. would LEAVE the Mideast, NATO, the UN... and all the “foreign entanglements” General Washington warned us about. At home, we would exit the War on Poverty and the War on Drugs. Then, Maryland would withdraw gracefully from the United States." But wait. There, standing at the prison gate, a Taser in one hand and a billy club in the other… is Hillary Rodham Clinton. “Stronger together” is her new campaign slogan. “And more easily controlled,” she might add.

Bill Clinton Holds 'Private' Meeting With Loretta Lynch As FBI Probes Hillary




"Our conversation was about his grandchildren. It was primarily social and about our travels. He mentioned the golf he played in Phoenix, and he mentioned travels he'd had in West Virginia. There was no discussion of any matter pending for the department or any matter pending for any other body. There was no discussion of Benghazi, no discussion of the State Department emails, by way of example..."

S&P Downgrades European Union From AA+ To AA - Full Text




On June 30, 2016, S&P Global Ratings lowered its long-term issuer credit rating on supranational institution, the European Union (EU), to 'AA' from  'AA+'. The 'A-1+' short-term rating was affirmed. The outlook is stable.

Making The Case For $12,000 Gold & $360 Silver

by Steve St. Angelo, SRSRocco Report:
Global Financial Assets are more inflated and propped up than ever.  According to the most recent figures published by The City UK Fund Report, total Global Conventional Assets under management topped $105 trillion in 2014.  That’s one hell of a lot of future PAPER CLAIMS.
Unfortunately for most investors, the majority of these supposed assets will evaporate into thin air from where-ith they came.  Bubbles were designed for children to make and play with… not meant for adults to use in the financial industry.
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How Vulnerable is the Shaky US Economy to Brexit Fallout and European Bank Meltdown?

by Wolf Richter, Wolf Street:
Business optimism “lowest since the height of the Financial Crisis.”
You know things are getting bad when our leaders call for calm. US Secretary of State John Kerry just did that.
“It is absolutely essential that we stay focused on how in this transitional period, nobody loses their head, nobody goes off half-cocked, people don’t start moving on scatter-brained or revengeful premises,” he told reporters in Brussels on Monday after Brexit had thrown the EU into political turmoil, while European bank stocks had their worst two-day meltdown ever, on the toxic mix of Brexit and a full-blown banking crisis.
And all kinds of things are suddenly happening.
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The 9 Most Popular Foods, Drinks and ‘Medicines’ that Cause Chronic Disease by Destroying Good Gut Bacteria

by S. D. Wells, Natural News:
Would you drive up to a gas station and purposely put diesel fuel in your new car, knowing that it would break down, possibly within days, even though diesel is still “fuel?” If your garden was growing beautiful, organic vegetables, and you woke up one morning and saw hundreds of little bugs crawling on your produce, but they hadn’t eaten it yet, would you spray everything with toxic bug killer, try to rinse it off afterwards, and then still eat it and feed it to your kids?
In the first example, once your car burns up the regular gas and starts using the diesel, the engine will shut down. Plus, the longer the wrong fuel stays in your car’s system, the more damage it does to the engine, the fuel system and the injectors. In the second example, the toxic bug-killer is going to soak into most of the food, especially anything leafy or of the “dirty dozen,” which have porous outer coverings; therefore, washing them off does virtually no good.
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Turkey Needs NATO To Defend Its Borders With Syria After The Terror Attack – Episode 1010b

from X22Report:

What is the government preparing for, many individuals have spotted UN trucks being shipped and FEMA is preparing for food shortages. Merkel says the EU will extend sanctions on Russia over Ukraine. Ukraine moves military equipment up to the contact line. NATO double the number of troops and military assets near the Russian border. Putin has conversation with Erdogan and lifts sanctions. Turkey’s false flag bombing is now blamed on the IS, Turkey calls in NATO to guard its borders using air patrols. CIA director says attacks will happen here in the US. Be prepared for upcoming false flags.

A Socialist Les Miserables in Venezuela

by Tim Brown, Freedom OutPost:
A mob of starving people advanced on the presidential palace chanting, “We want food.” They were met by soldiers and police dispatched by the tyrant from his lavish palace decorated opulently with a golden sun, giant rock crystal mirrors, sparkling chandeliers and towering oil portraits.
The scene wasn’t 19th century France, but 21st century Venezuela.
And if you are wondering why you haven’t seen it on the news, it’s because Venezuela is a Socialist disaster area that was once being used as a model by the left. Now it’s a place where the vast majority of people can’t afford basic food staples and a third are down to two or fewer meals a day.
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Scathing New Report Shows Just How Bankrupt Social Security Really Is

by Simon Black, Sovereign Man:
Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were nothing short of damning.
According to their calculations, for example, these analysts claim that Social Security is already running a huge deficit to the tune of tens of billions of dollars each year.
In fact, this Social Security funding deficit has been taking place for several years now, and it’s actually accelerating. So the problem worsens each year.
According to the analysis, the astounding rise in Social Security recipients vastly outpaces any growth in tax revenue received into the program. And this trend will continue for decades.
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The Elites Have Lost the Right to Rule – Part 2

by Michael Krieger, Liberty Blitzkrieg:
In the end, the elites will be overthrown and a power vacuum will form. The transition period will be extremely difficult as the elites will fight their demise to the end. For you see, they care nothing for you they care about their power and control. Nevertheless, rulers have always only ruled by the will (or apathy) of the people and when the people become overly taxed and abused they always rebel. The main thing to think about is what kind of society do we want to rebuild from the ashes. I am of the view that it must be a return to the Constitution and an elimination of central banking power and secrecy. Let’s not fall for a demagogue or be pushed into a war when things are at their worst.
– From my 2010 post: The Elites Have Lost The Right to Rule
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EU Diplomat Reveals Why BREXIT May NEVER Happen!

from The Money GPS:



Four Ways to Sabotage the Brexit Verdict – Jeff Nielson

by Jeff Nielson, Sprott Money:
The Brexit vote will be rigged.
Regular readers saw that prediction in a recent commentary . The reasoning behind the prediction was straightforward.
The oligarch puppet-masters who control our governments would not/could not allow “Brexit” to succeed. In specific terms, it would spell the death of the EU, as other EU members would be inspired and empowered to undertake their own secession. In general terms, it would lead to more “dangerous thinking” by the People: further/greater initiatives to take back the control of their own nations.
We have seen the Puppet Masters resorting to election-rigging on a more and more frequent basis, as was spelled out in that previous piece.
Rigging the Brexit vote is (was) the easiest way to thwart the will of the People.
However, while that thinking was sound (as far as it went), in hindsight it now appears somewhat na├»ve. Yes, preventing Brexit is an absolute priority for the oligarchs, but there are many ways of avoiding this outcome despite the “Leave” vote. Yes, election-rigging has become a popular means of sabotaging what remains of our democratic process, which may be precisely why they decided against such a blatant form of political fraud in this scenario. Everyone was watching the Brexit vote. Yes, rigging the vote would have been the easiest way to frustrate the will of the People – but perhaps not the best way.
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Fast And Furious 2.0 — CIA Weapons Destined For Syria “Stolen” — Used To Murder Americans

by Justin Gardner, Activist Post:
If invading countries and drone bombing innocent civilians were not enough to promote death and destruction in the Middle East, the U.S. is also helping to flood the region with small arms.
As part of its effort to foment regime change in Syria, the CIA has been buying Kalashnikov assault rifles, mortars and rocket-propelled grenades in Eastern Europe for delivery to “moderate” Syrian rebels. However, it’s been revealed that truckloads of these weapons are being systematically stolen en route to the rebels.
The stolen weapons were then sold on the black market in Jordan at bazaars in Ma’an, Sahab, and in the Jordan Valley. Those involved in the theft scheme, worth millions of dollars, used the profits to purchase expensive SUVs, electronics, and other luxury goods.
It is also believed that some of the stolen weapons were used to kill two Americans and three others at a police training facility shooting in Amman in November.
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