Brexit – What Are The Impacts? | McAlvany Commentary 2016

from McAlvany Financial:

You Brexit , You Buy It… Either way there’s cost. The elite are out of touch to the stirrings of the masses. As the west votes breakup, Putin’s Russia and China unite

Forget Brexit: According To Albert Edwards, There Is A Far Bigger Risk To The Global Economy

"Our attention has been diverted. China has embarked on a stealth devaluation of the renminbi. Its new trade-weighted currency basket has fallen 10% since just before its initial August 2015 devaluation (white line in chart below) and it has continued to decline since January even as the Rmb/dollar has stabilized."

Brexit And The Agenda For World Government

from Press For Truth:

On June 23rd a “leave” vote for the UK in the brexit referendum could spell the beginning of the end for the global elite and while we here at Press For Truth don’t like to promote nationalism per se, we do see the potential for overriding the Bilderberg dream by supporting British nationalism and the brexit referendum.

June 2016: How Much Will Brexit Really Help?

from WallStForMainSt:

Something Strange Emerges When Looking Behind The "Brexit" Bookie Odds

When one looks at the actual dynamics within the bookies, an odd divergence emerges: "Although Ladbrokes has received a higher volume of bets to leave the EU, those making a punt on remain were placing higher financially larger" - the average stake on a bet to rem

Yellen Credibility Watch Day 2: "Humphrey Hawkins" Hearings Live Feed

Yesterday she hinted "sell stocks" and "vote remain," before admitting The Fed's forecasting skills were worse than Punxatawney Phil. While today's prepared remarks will be the same, we wonder what the politicians on The House Financial Services Committee will have learned ahead of today's Q&A - most notably will the topic of gender, race equality be dragged up once again because of its crucial import to those campaigning in the forthcoming elections. Following Bank of Japan's Kuroda's overnight capitulation that "monetary policy doesn't always turn out as expected,"  we wonder if Yellen will be forced to admit the same.

IMF Urges Obama To "Tackle Poverty" As It Tells The Fed To Overshoot Its Inflation Target

In its latest staff statement on the annual analysis of the U.S. economy, the IMF again demonstrated why economists have become the butt of financial jokes, when in the same report it first urged the Fed to "overshoot" its 2% inflation target, clearly unaware of the dramatic shift in sentiment that unorthofox monetary policy no longer works to stimulate inflation, and in fact quite the opposite, while at the same time it cut its US GDP forecast yet again, from 2.4% to 2.2%, and concluded that, drumroll, there is "an urgent need to tackle poverty."

"Wrong Way Gartman"...

Gartman Flip-flops Again: 'The Trend Is, Has Been And Shall Be Upward"

"The trend is, has been and likely shall continue to be upward. TINA rules the day; TINA is “Queen.” TINA it is then. It will end when it ends and it will eventually end badly of course for such things always do.  But between now and that hundred years the trend for interest rates is lower and the trend for equity prices is higher."

Desperate Sellers Resort To Dramatic Price Cuts In Manhattan's Luxury Real Estate Market

"There's some crazy stuff going on in New York..."  We are now seeing more evidence that the only way luxury homes are moving on the island is if the seller offers dramatic price cuts.

Surging Far-Right Movements Across Europe Are Making Hitler Popular Again

An Argentinian man has purchased more than 50 items of Nazi memorabilia from a controversial auction in Munich. The single purchase, said to have totaled more than $683, 000 (£462,000), included a jacket owned by Adolf Hitler and silk underwear that once belonged to Nazi military leader Hermann Goering.

Forget Brexit: According To Albert Edwards, There Is A Far Bigger Risk To The Global Economy

"Our attention has been diverted. China has embarked on a stealth devaluation of the renminbi. Its new trade-weighted currency basket has fallen 10% since just before its initial August 2015 devaluation (white line in chart below) and it has continued to decline since January even as the Rmb/dollar has stabilised."

Analyst Slams Tesla's Bid For SolarCity: "This Proposed Acquisition Suggests SCTY Is Worth Little Value"

"we curiously wonder out loud: if Tesla can acquire SolarCity, amid what we believe are signs of an existential crisis, then – if TSLA were to ever get into trouble – could taxpayers possibly be on the hook (i.e., could SpaceX, funded by US taxpayers, follow the same dubious corp. governance norms exhibited by TSLA/SCTY & bail out TSLA)? While we have neither the answer, nor the legal savvy, we do believe this proposed acquisition suggests SCTY is worth little value"

Eerie Calm Across Markets One Day Before The Main Event: Asia, Europe, US Unchanged

There is an eerie quiet across markets, one day before the year's main risk event: with the UK referendum vote starting in less than 24 hours and results due out shortly after, it is as if even the algos have stopped frontrunning other algos, in a market so thin and illiquid even the smallest order can result in a gap, either higher or lower. As a result, European, Asian stocks and S&P futures are little changed ahead of Thursday, with the Stoxx Europe 600 Index swinging between gains and losses more than five times so far today.

Loretta Lynch Admits That Federal Authorities Have Lost The Orlando Shooter's Wife

According to CNN, Federal investigators are trying to find out more specifically what Omar Mateen's wife, Noor Salman (profiled here), knew about the planned attack at the Pulse Nightclub in Orlando. The intent is to bring evidence before a federal grand jury to determine whether or not charges will be brought against Salman. However there is one rather large problem with one key person in the investigation, it appears that Noor Salman is missing and may not even be in the state of Florida anymore. 

 

ECB Balance Sheet Hits Record High (With Stocks At 18-Month Lows)

Draghi, we have a problem. 

 

How Much Of Our Culture Are We Surrendering To Islam?

Democracies are, or at least should be, custodians of a perishable treasury: freedom of expression. For the first time in Europe since Hitler ordered the burning of books in Berlin's Bebelplatz; movies, paintings, poems, novels, cartoons, articles and plays are literally and figuratively being burned at stake... The same hatred as from Nazis is coming from Islamists and their politically correct allies. We do not even have a vague idea of how much Western culture we have surrendered to Islam.

Britain Doesn't Need The EU To Thrive

The history of mankind is a struggle between the individual trying to retain freedoms and tyrannical governments trying to take it away from him. The EU was created to increase freedoms: the freedom of the movement of goods, capital, and people. As expected, it has devolved into an entity that does just the opposite...

 

Clinton Foundation "Hacked By Russians", "Foundation Vulnerabilities" Document Leaked

Moments ago the newswires lit up with news that the Clinton Foundation was among the organizations breached by suspected Russian hackers (who in reality is just one hacker, and he is Romanian). Among the numerous documents leaked is a file titled "Clinton Foundation Vulnerabilities Master Doc" - here are its contents.

 

Did Bank Of Japan's Kuroda Just "Capitulate" Too?

First it was The Fed's Janet Yellen coming "as close to capitulation on monetary policy's lack of efficacy," and now The Bank of Japan's Kuroda appears to have had an epiphany. In a stream of truth-filled consciousness unheard of for central planners, the governor admitted, among other things, that "monetary policy doesn't always turn out as expected," and that "many economists don't think financial markets always right," implying, of course, that he and his brethren know better. It appears that as central bank credibility collapses, so the central bankers themselves are having their own 'Greenspan'-moment when their life's work is finally proven entirely pointless.

Is This The Big One? Large-Scale Motion Detected Near San Andreas Fault

As if California doesn’t have enough problems already...

Injecting Children with Multiple Vaccines at Once is Dangerous, Says Renowned Medical Journal in Groundbreaking Study

by Isabelle Z., Natural News:
It’s a scene that is familiar to many parents: You bring your baby in for a check-up, and the doctor informs you that your 6-month-old is due for “some shots.” After some prodding, he reveals that your baby actually needs a combination of eight different vaccines. He assures you that this is normal practice and nothing to worry about. You brace yourself for the inevitable crying that will accompany the needle’s jab, and then you go home and forget the whole thing ever happened … until the next check-up.
However, for some parents, the injection and crying are only the beginning of the nightmare. Half a million adverse events have been reported in association with vaccines in the Vaccine Adverse Event Reporting System (VAERS), which is run by the FDA and the CDC.
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Whooping Cough Outbreak Strikes School with Unvaccinated Child… What Happened Next Will Never be Reported by the CDC

by Isabelle Z., Intellihub:
We’ve all heard the horror stories about what can happen if you choose not to vaccinate your kids, and such kids are quick to get the blame when epidemics do occur. However, the experience of one mom shows a completely different side to the issue.
In keeping with their preference for a natural, healthy lifestyle, homemaker Toby Monte and her husband decided not to vaccinate their three children. Instead, she did everything she could to give her kids a healthy start, opting for a home birth, breastfeeding them, and cooking only plant-based, natural foods.
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Transformational Projects in Eurasia Land Space

by F. William Engdahl, New Eastern Outlook:
With so much murder and destruction of infrastructure around the world from Syria to Ukraine to Venezuela and Nigeria, I want to highlight two recent projects to build new infrastructure in order to bring economic growth and prosperity to some of the least developed regions of the Earth—Eurasia, the vast land space between Russia and China. Two projects have just confirmed they are going ahead. The Moscow-Kazan-China high-speed railway via Kazakhstan is one. The second is a major railroad bridge over the Amur River to China. Both in and of themselves are not transformational. In context of the broader multi-trillion dollar infrastructure project, One Belt, One Road or the Economic New Silk Road as it is also called, the two projects are vital links in creating the next world economic center of growth for at least the next century.
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If You Value Life, Wake Up! — Paul Craig Roberts

by Paul Craig Roberts, Paul Craig Roberts:
Great Danger: US-NATO Missiles Threatening Russia.
Putin: “We Know and they Know that we Know…People do not Understand how Dangerous the Situation Really Is”
Do you remember how close we came to Armageddon in the early 1960s when Washington put nuclear missiles in Turkey on the Soviet Union’s border and the Soviets responded by putting nuclear missiles in Cuba? Fortunately, at that time we had an intelligent president instead of a cipher. President John F. Kennedy pulled us back from the brink and was assassinated by his own government for his service to humanity.
For a number of years I have been warning that the recklessness of a half century ago has reappeared in spades. The crazed, insane, nazified, neoconized government in Washington and Washington’s despicable Europeran vassal states, especially the UK, Germany, and France, are driving the world to extinction in nuclear war.
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Psy-Ops Military Officers Writes About Muslim Takeover of America

by Dave Hodges, The Common Sense Show:
Every so often, I come across a statement from a government official which completely places what the American people are up against in a proper perspective.
This post represents one of these times. The following quote from a psy-ops officer of the military is so accurate and complete, it does not require my comment to enhance the validity of the statement.
Here is the statement in its entirety.
_______________________________
DAVE…this is fyi…sent to me by a retired military trained Psy-Ops officer and electronics specialist. I have known he and his wife since 1998.
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Top 10 Cancer-Causing Food Ingredients to Avoid and Why

by Amy Goodrich, Natural News:
When our grandparents were young, the grocery stores must have looked very different. Back then, nobody was concerned about cancer, and the food was healthier and purer than what we find on the market today.
In our ever-changing, modern world, it is a huge challenge to eat healthy foods all the time. Processed and fast foods are dominating the shelves and what we believe to be the healthy fruit and vegetable aisle is contaminated with harmful chemicals too.
Today, it seems like almost every available food item has been linked to cancer, making it very hard to determine what to stay away from. While you think you may be doing the right thing when opting for fat-free or sugar-free products, you are actually eating some of the worst cancer-causing foods out there.
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