There Is An Alternative To Yellen's Keynesian Bubble - Stockman Rages "Abolish The Fed"

The approximate hour Janet Yellen spent wandering in circles and spewing double talk during her presser yesterday was time well spent. When the painful ordeal of her semi-coherent babbling was finally over, she had essentially proved that the Fed is attempting an impossible task. And better still, that the FOMC should be abolished. The alternative is real simple. It’s called price discovery on the free market; it’s the essence of capitalism.

Stocks Slump Most In 4 Months As Global Financial Stress Nears 5-Year Highs

A Common Central Bank Tool: Fearmongering

Central bankers should not be treated as wise oracles whose guidance is desperately needed. Instead, we should throw off the tyranny of the PhD’s and embrace the decentralization of power that is desperately needed to allow civilization to thrive. Brexit would be a great way to start.

 

 

filed under..."Your Future"

Debt Super Cycle Will Destroy U.S. Standard of Living Overnight “Leave Society Gasping and Stupefied”

by Tom Chatham, SHTF Plan:
The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness.
Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle. The bigger the debt cycle the bigger the depression that follows. That’s how reality works and most people are not prepared for reality.
When this depression, which has already started, gets momentum, it will overwhelm the plans of a society that is expecting to get things like social security, pensions and payouts from retirement plans they have paid into for many years. All of those things will disappear almost overnight and leave society gasping and stupefied over what to do. Their reactions will be to yell and scream and try to identify who to blame but the only person they should blame is the one in the mirror.
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Pulse Shooter Has Acting Background, Key Witnesses Are Directors and Actors!

from Dahboo7:

It turns out that Omar was involved in Acting too! Not only was Luis(1st witness) and actor, But Orlando(New Witness) Is a well know Director. And to top it off, another witness that claims Omar was gay, also has a background in acting!!! Whats the odds that this many key people are all connected to the movie industry??

Artist's Impression Of Mainstream Media's Presidential Race Coverage

Presented with no comment...

Frustrated Illinois Taxpayers Pay Property Tax With $1 Bills

Jeff McGrath has been fed up about his property taxes going up for years in McHenry County, Illinois. However when McGrath was told that taxes would go up another 26% this year and nobody could provide any explanation for it, he had enough, and decided that a statement needed to be made.

Sanders Supporters Vindicated: Proof DNC Used Media To Rig Election for Hillary

While Bernie Sanders’ supporters and independent media outlets have exhaustively pointed out that corporate media’s fatuous prattling over Hillary Clinton likely tipped the elections in her favor, we now have solid proof — leaked emails show the DNC colluded with mainstream outlets to heavily favor Clinton.

Globalist Desperation Leads to Sabotage on the World Stage

from The Wealth Watchman:
Sabotage
Folks, I’ll admit that sometimes it seems that some are quick to call every single act of violence in our world a false flag. It’s true that governments do frame people, organizations, and nations for selfish, wicked motives: false flags happen. Likewise, sometimes evil individuals simply act out upon their evil worldviews to harm others. It happens, alot.
However, what just occurred in Birstall, West Yorkshire raises too many eyebrows and questions, and the timing of this incident couldn’t possibly be more suspect. By now, many of you know that Labor MP, Jo Cox, was assailed by a mentally disturbed man, in which she was both shot and stabbed. It was this next detail, that was splashed all over every UK news rag and tabloid, that really set my alarm bells off though:
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JPMorgan Reports 3-5% Lead For "Leave" In Brexit Referendum

While normal poll results have been delayed on Friday as the Brexit campaign takes a day off following Jo Cox's death, moments ago JPM broke the polling embargo and as Reuters reports, JPMorgan said on Friday it saw a lead for the "Out" campaign in Britain's European Union referendum, based on an analysis of opinion polls. "Our attempt to clean up the polls for methodological issues suggests a lead for leave in the 3-5 percent range at the time of writing," researchers said in a note.

Morgan Stanley Expects Unprecedented Market Moves No Matter How Brexit Vote Goes

While by now practically every bank has forecast how the market would react to a Brexit vote, either to say or leave, nobody has quite come as close to dramatic forecast revealed by Morgan Stanley analysts overnight. The bank, which after the sharp move in the polls to Leave has now raised the probability of a vote to Leave to 45%, predicts that MSCI Europe would see a 15-20% drop in a base case BREXIT scenario. This compares to a 5-10% rally if the UK votes to remain in the EU.

The US Government Just Killed 150 People In A Country That They Aren’t Even At War With

by John Vibes, True Activist:
his week, the US government used drones and airstrikes to fire missiles and drop bombs in a country that they aren’t at war with, killing at least 150 people. This act of aggression took place in Somalia, where the US military regularly stages drone strikes and other attacks, despite the fact that they have not declared war on the country. The government claims that every single one of the victims were “militants” or terrorists, however, they have not revealed the identities of the victims and have not provided any evidence to support their claims.
Another important thing to point out is that not everyone who is labeled as a “militant” is dangerous. Whenever the mainstream media releases a story about drone attacks, they typically use the word “militant” to describe the victims. This label implies that the victims are not civilians or are somehow involved in terrorism or violent military activities.
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California Tops France As World's 6th Largest Economy

While Illinois' economy is bigger than Saudi Arabia's, as we detailed previously, it is California that reigns supreme among America's states (until the next tech crash). In fact, as Bloomberg reports, according to state data released this week, California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies.

Las Vegas Going Dry? Largest Reservoir In America Reaches Record Low

The Scariest "Brexit's Impact On The World" Report Yet

The febrile behavior of financial markets ahead of the United Kingdom’s referendum on June 23 on whether to remain in the European Union shows that the outcome will influence economic and political conditions around the world far more profoundly than Britain’s roughly 2.4% share of global GDP might suggest. There are three reasons for this outsize impact...

Cable Suddenly Spikes To 1.44 Ahead Of Crucial Weekend

GBPUSD is now up almost 400 pips from the "Jo Cox Is Dead" headline moment yesterday - back near 1.44 at 1-week highs. With both campaigns due to resume their propaganda tomorrow, it appears the huge shorts in sterling are starting to unwind...

Profiling Jo Cox's Killer: Was He A "Terrorist" Or Just Insane

In the aftermath of the tragic murder of British Labour MP Jo Cox, the most poignant - and debated - question that has emerged is whether the shooter, 52-year-old white male Thomas Mair, was motivated by political ideology especially since as some eyewitness have claimed he shouted "Britain First" during his deadly attack and is now being probed for "far-right links", or if he was simply mentally ill.

VIX Volume Explodes As "Markets Struggle To Believe Anything"

Amid turmoil in Chinese FX markets (which has not ended well in the past), the need to hedge against the looming Brexit vote, and rapidly fading confidence in the ability of The Fed, BoJ, ECB to save the world; it appears what was an ignorantly complacent market has suddenly shrugged off the denial (perhaps face-slapped by Yellen) and is buying protection (in the form of VIX ETNs) with both hands and feet. As Bloomberg's Richard Breslow so eloquently notes, "markets are struggling to believe in anything."

Saudi Foreign Minister Meets Obama, Urges "More Aggressive Approach To Syria"

Moments ago, the Saudi foreign minister Adel al Jubeir who is visiting the US and just concluded a meeting with President Obama said that "Saudi Arabia supports a more aggressive military approach in Syria to get Assad to agree to a political solution."  Jubeir also backtracked on his warning from mid-April in which he said that pursuing legal action against the Saudis over Sept 11 would lead to the Kingdom's dumping of hundreds of billions in US reserves, and instead is now encouraging the release of the classified 28 pages on the September 11 attacks.

Crude Slides To $47 Handle As US Oil Rig Count Rises At Fastest Pace In 10 Months

With oil prices are already sliding quite markedly, it seems traders are questioning demand assumptions (as growth hopes fade), and with the oil rig count now up for 3 weeks in a row (up 9 to 337 this week) it appears supply expectations may not be helping either. The last 3 weeks have seen 21 oil rigs added (the most since Aug 2015) and the biggest percentgae rise in oil rigs since Aug 2010.

Too Orange To Jail? US Government Drops Suit Against Countrywide's Mozilo

U.S. prosecutors have abandoned their case against Angelo Mozilo, the over-tanned character at the center of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him. As Bloomberg resports, The Justice Department has decided not to sue Mozilo, according to people familiar with the matter, ending a decade-long hunt for someone, anyone to jail over what happened.

European Bank Stocks On The Ledge

Already plumbing multi-year lows, European banks are threatening to fall off another chart “cliff”.

The Untold Story Behind The "Mutiny At The State Department" Where Dozens Demand War With Syria

Confirming once again that the entire US Middle-East campaign over the past 4 years has been one ongoing plan to destabilize and eliminate Syria's president Bashar al-Assad from power, overnight the WSJ reported that dozens of State Department officials this week protested against U.S. policy in Syria, signing an internal document that calls for "targeted military strikes against the Damascus government and urging regime change as the only way to defeat Islamic State."

Switzerland Withdraws Application To Join EU: Only "Lunatics May Want To Join Now"

Resentment toward the EU hit a new high yesterday when the upper house of the Swiss parliament on Wednesday followed in the footsteps of Iceland, and voted to invalidate its 1992 application to join the European Union, backing an earlier decision by the lower house. Thomas Minder, counsellor for the state of Schaffhausen and an active promoter of the concept of “Swissness,” said he was eager to “close the topic fast and painlessly” as only “a few lunatics” may want to join the EU now, he told the newspaper.

AR-15’S FLYING OFF SHELVES… Sales Surge Among Gays, Lesbians…

from Patriot Rising:
Since the Orlando nightclub shooting on Sunday, gun sales have rapidly increased throughout the United States.
Adventure Outdoors Owner Jay Wallace told Fox Business Network’s Stuart Varney that sales of AR-15s and other firearms have “really kicked up” since Sunday.
AR-15’s may look like military rifles but they are actually semi-automatic guns, which means they can only fire one round with each pull of the trigger. By contrast, military-style guns have the ability to fire multiple rounds with one pull of the trigger. The ‘AR’ in AR-15 actually stands for ArmaLite rifle, named after the company that developed it and does not stand for “assault rifle,” according to the National Shooting Sports Foundation.
Wallace claimed that he has sold more than 15 AR-15’s per hour and may know the reasons as to why there is such a rise in sales.
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Mainstream Media Finally Admits Mass Banker “Suicides” Were Likely A Vast Criminal Conspiracy

by Jay Syrmopoulos, Activist Post:
In 2015 there was a popular “conspiracy theory” floating around the Internet after a rash of mysterious “suicides” by high-profile banking professionals. What once looked like wild speculation is now beginning to resemble a vast criminal conspiracy connected to the Libor, interest-rigging scandal.
Over forty international bankers allegedly killed themselves over a two-year period in the wake of a major international scandal that implicated financial firms across the globe. However, three of these seemingly unrelated suicides seem to share common threads related to their connections to Deutsche Bank. These three banker suicides in New York, London, and Siena, Italy, took place within 17 months of each other in 2013/14 in what investigators labeled as a series of unrelated suicides.
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Saudi Arabia is Knee-Deep in Yemeni Blood

by Martin Berger, New Eastern Outlook:
The White House’s campaign to establish unconditional control over both national and international media sources manifests itself in a number of ways. These sources only publish article on topics that suit Washington’s agenda, while outright ignoring all others.
If you take a look at the coverage of events in Syria, you will inevitably run across heavy criticism of the steps that Russia and the Syrian government are taking, while leaving Turkey’s continuous support of ISIS unreported entirely. If you take a look at Western media articles that are covering the situation in Iraq, you will be plunged into a world of bravado-heroism of US actions in this countries, while finding no mention of Washington’s role in the creation of the never-ending bloodshed unfolding in Iraq in the first place.
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