EU Banks Crash To Crisis Lows As Funding Panic Accelerates

The signs are everywhere - if you choose to look - Europe's banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default risk in Monte Paschi, the panic in Europe's funding markets (basis swaps collapsing) is palpable.

"It Feels Like 2008" Government Bond Yields Signal "Something Very Nasty Is Coming"

With global developed market bond yields crashing to record lows and almost $10 trillion of negative-yielding debt worldwide, it is no surprise that money managers are concerned that "it's starting to feel like 2008."

"We've Never Had A Shock To The System Like This" - Global Selloff Accelerates On Brexit, Italy, "Unknown" Fears

The flight to safety following last week's quarter-end window dressing is accelerating, with constant news and flashing red headlines of record low yields across DM government bonds once the norm, and as of moments ago Denmark's 10Y bonds joined the exclusive club of sub-zero yields; gold has soared to fresh multi-year highs above $1,370, the risk-off currency, the Yen, soaring and sending the USDJPY just above 100, while sterling crashed overnight once again below 1.27, levels not seen since 1985.

Can The EU Survive As A Prison? Who Has The Keys?

Jean-Claude Juncker and Angela Merkel want to make the EU a prison. The Eurozone was designed as a prison from the beginning. But the cat is finally out of the bag. And voters know they have the key.

Wikileaks Releases Damning Clinton Emails on Iraq War

from Activist Post:
 WikiLeaks on Monday marked the yearly celebration of American independence by releasing over 1,200 private emails belonging to former secretary of state and presidential hopeful Hillary Clinton pertaining to the Iraq War.
The whistleblower platform announced the new archive in a tweet, noting that the emails would be made public just two days before the UK government is set to release its official inquiry into the 2003 invasion of Iraq, initiated by former U.S. President George W. Bush with substantial backing from then-British Prime Minister Tony Blair.
Adding even more fuel to the speculation surrounding the Chilcot Inquiry, WikiLeaks on Monday also released a complete list of British MPs who voted to invade Iraq.
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US Trade Deficit Jumps In May As Stronger Dollar Puts A Lid On Exports

Confirming once again that a rising dollar is not good for US trade, moments ago the dept of commerce announced that the goods and services deficit was $41.1 billion in May, up $3.8 billion from $37.4 billion in April, and worse than the $40 billion expected. In fact, this was the first miss on expectations (a bigger than expected deficit) since October 2015.

Bill Gross Says Yellen "Worships False Idols" So "Worry About The Return Of Your Money, Not On It"

"Investors should not hope unrealistically for deficit spending any time soon. To me, that means at best, a ceiling on risk asset prices (stocks, high yield bonds, private equity, real estate) and at worst, minus signs at year's end that force investors to abandon hope for future returns compared to historic examples. Worry for now about the return "of" your money, not the return "on" it."

Peasants, Pitchforks & How Corporate Power Destroyed Democracy

There is no avenue left for advocacy, grievances or redress in a system dominated by global corporations.

Goldman Warns Of A Sharp Plunge In Stocks In "Next Few Months"

"Tactically, we continue to expect the market will experience a pullback of 5%-10% during the next few months before ending the year at 2100. Strategically, we expect a continuation of the range-bound market that has challenged investors for nearly two years. A maturing economic cycle with elevated valuations, decelerating buybacks, and growing political uncertainty provide the basis for potential market weakness in the second half."

Messi: Spanish Court Sentences Iconic Footballer To 21 Months In Prison For Tax Evasion

Lionel Messi, football icon for an entire generation of Barcelona and Argentina supporters, and his father Jorge Horacio Messi, have been ordered to pay a fine and sentenced to 21 months in jail for dodging about €4.1 million taxes.

In Damning Report, Chilcot Inquiry Slams Blair Over Legal Basis For Iraq War

The Chilcot Inquiry, a British public inquiry into the nation's role in the Iraq war, was published moments ago. One of the key focus areas of the report is the rationale that Tony Blair gave to the public in taking the UK to war, and whether or not the war was necessary. Upon its release, the report concluded that military action "was not a last resort", and that Britain chose to join the invasion of Iraq in 2003 before peaceful options for disarmament had been exhausted RT reports.

Peak FBI Corruption? Meet Bryan Nishimura, Found Guilty For "Removal And Retention Of Classified Materials"

"Nishimura caused the materials to be downloaded and stored on his personal, unclassified electronic devices and storage media. He carried such classified materials on his unauthorized media when he traveled off-base in Afghanistan and, ultimately, carried those materials back to the United States at the end of his deployment. The investigation did not reveal evidence that Nishimura intended to distribute classified information to unauthorized personnel."

How Abenomics Fails: Japanese Firms Choose Salvaged Computer Parts Over Investment

One of the most interesting examples of Abenomics dismal impact on business sentiment towards capital spending is that major Japanese manufacturers are buying salvaged computer parts from a small business owner instead of spending the money to upgrade. Those who picture Japanese manufacturing production lines as being on the cutting edge of the newest technology have the wrong impression.

Spain's Social Security Program Will Go Bust In 2018

Spain’s Social Security system is expected to go broke by 2018. In the US, concerns over such matters are virtually nonexistent. But Spain cannot print Euros, and is already deep in the hole on meeting budget deficit targets.

In London, Banker Bonuses Are Set To Disappear

"Reality is going to kick in, today it's about job preservation, rather than bonuses. Things are going to change, and some people shouldn't expect any bonuses."

Surprise: Refugees Are Making The Military Industrial Complex Even Richer

“far from being passive beneficiaries of EU largesse, these corporations are actively encouraging a growing securitization of Europe’s borders, and willing to provide ever more draconian technologies to do this.”

This Is How They Protect Us!

America is now justice-proof. “Security” has so thoroughly inoculated us against justice that justice cannot happen in America.

Silver SOARS to $21, Forcing Bankers to Fight an Epic Battle

This is Big, Brothers
from The Wealth Watchman:
Remember how several months ago, I wrote a piece asking if silver’s moment had arrived? In that piece, I cautioned at the time that silver hadn’t yet shot through important resistance points. I said that $18 seemed the ‘line in the sand’ for our banking friends, and that when $18 was broken…it could lead to $20 very, very quickly.
Well, brothers: did I call it, or did I call it?
For as soon as silver broke through and closed above $18, a powerful move has taken place. All this has happened in a week too, by the way. From the outside, it appears that silver’s gap up to $20 seems unjustifiable, but really, it’s very normal and reasonable, here’s what seems to have happened.
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Gregory Mannarino-When Debt Bubble Pops Millions Will Die

from Greg Hunter:

Financial analyst Gregory Mannarino contends, “We are in uncharted territory. It’s occurring right under everybody’s nose. Barely anyone is aware of what is going on because it’s not getting any media coverage. There is this phenomenon where trillions of dollars of currency are being moved or rushing towards the debt market that is squeezing bond yields to historic lows. We are making history in the United States for the second week in a row, and I am talking about the bond market. Last week, we hit an historic low with regard to yield. People are so desperate, people are so desperate they are willing to accept negative returns. This is how desperate they are. . . . This is, and I can’t stress this enough, this is the biggest red flag I can possibly imagine. We are on the cusp of some event that is going to change the landscape of the world.”

FBI’S HILLARY DECISION ALL PART OF JUBILEE PLAN TOWARDS GREATER CHAOS

by Jeff Berwick, The Dollar Vigilante:
Many people in the US were shocked that Killary Clinton was not indicted by the FBI today.
Those people clearly have no idea what is going on. Since when has the government ever investigated itself (or its top figureheads and power players) and found itself guilty? You just have to look at the complete sham of the “9/11 Commission Report” to know that.
Hillary has been selected (there are no real Presidential elections in the US) as the next President. Five of her close network attended Bilderberg this year where they have a record of selecting the next President.
It matters not that she literally speaks in front of crowds that can be counted using your fingers while people like Bernie Sanders or Donald Trump speak in front of football stadiums.
If people in the US don’t realize they are enslaved under a heinously criminal organization then the fluoride in the water, mainstream media programming and 12 years of government indoctrination camps have done their job.
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GOLD ON A TEAR!! SWISS BONDS ARE IN NEGATIVE TERRITORY FROM 40 YRS OUT – ITALIAN BANKS IN SERIOUS TROUBLE

from Harvey Organ:
RENZI ORDERS THAT SHORTING OF MONTE DI PASCHI IS NOT ALLOWED/DEUTSCHE BANK CONTINUES TO SLIDE/THREE BRITISH PROPERTY FUNDS STOP REDEMPTIONS AS CONFIDENCE FALTERS IN GR. BRITAIN
And now for the July contract month

For the July gold contract month,  we had a huge 1,019 notices served upon for 101,900 ounces.  The total number of notices filed so far for delivery:  4019 for 401900 oz or 12.50 tonnes
In silver we had 326 notices served upon for 1,630,000 oz.  The total number of notices filed so far this month for delivery:  682 for 3,410,000 oz.  Let us have a look at the data for July 5.
Read More @ Harveyorganblog.com

“What Difference Does It Make” – Thoughts on the Non-Indictment of Hillary Clinton

from Liberty Blitzkrieg:
Johnson: No, again, we were misled that there were supposedly protests and that something sprang out of that — an assault sprang out of that — and that was easily ascertained that that was not the fact, and the American people could have known that within days and they didn’t know that.

Clinton: With all due respect, the fact is we had four dead Americans. Was it because of a protest or was it because of guys out for a walk one night who decided that they’d they go kill some Americans? What difference at this point does it make? It is our job to figure out what happened and do everything we can to prevent it from ever happening again, Senator.

– From the January 23, 2013 Senate Foreign Relations Committee hearing on the Benghazi attacks

Read More…

Federal Judge Rules Lawsuit Against Monsanto Can Proceed

by Derrick Broze, Activist Post:
A federal judge has refused to dismiss a lawsuit by a former coffee grower who claims that Monsanto’s Roundup herbicide gave her cancer. 
In another blow to Monsanto Co’s already tarnished public image, a former Kona coffee grower will be allowed to sue the biotechnology giant for possibly contributing to her cancer diagnosis. Monsanto’s Roundup herbicide has been subject to heavy scrutiny following studies linking the herbicide to non-Hodgkin lymphoma.
Christine and Kenneth Sheppard, former owners of Dragon’s Lair Kona Coffee Farm in Captain Cook on the Big Island, claim that Monsanto hid the risks associated with glyphosate, a key ingredient in Roundup. Christine Sheppard believes her consistent contact with Roundup caused her to develop non-Hodgkin lymphoma.
Read More

“Facebook Could Throw an Election….It’s Scary”

Ex-product manager says social media giant is run like a cult by “sociopaths in hoodies”
by Paul Joseph Watson, Infowars:
A former Facebook insider has lifted the lid on the social networking giant, revealing that the company operates more like a cult and has amassed so much power that it could decide the 2016 presidential election.

Former Facebook product manager Antonio Garcia Martínez, who worked for the company between 2011 and 2013, has written a tell-all exposé in which he divulges how Mark Zuckerberg’s empire is “akin to a cult” run by “sociopaths in hoodies” who make “Gordon Gekko look like Ghandi.”

In an environment that resembles a “mafioso drama with a lot of aggressive behavior and back-room dealing,” Facebook executives behave more like ‘gangsters’ than SIlicon Valley whiz kids, according to Martínez, who tells the Telegraph’s Alix O’Neill, “Everyone freaked out when they found out I’d written this.”

Read More…

Media Gets Facts Wrong on Loretta Lynch/Bill Clinton Tarmac Meeting

by Pam Martens and Russ Martens, Wall Street On Parade:

Facts matter, especially when one is trying to drill down to the truth. But despite dozens of news articles from major media outlets on the private meeting between Attorney General Loretta Lynch and Bill Clinton at Phoenix Sky Harbor International Airport last week, the facts have typically been reported wrong and serious questions left unanswered.
The well worn media narrative has now evolved that both Clinton and Lynch were in Phoenix on the same day for scheduled events. That’s wrong. Bill Clinton was in Phoenix on Monday, June 27, to meet with real-estate developer Jim Pederson and others. (Pederson was Chair of the Arizona Democratic Party from 2001 to 2005. According to Federal Election Commission records, Pederson gave nearly $7.3 million to the Arizona State Democratic Central Committee from 2001 to 2006.)
While Clinton was in Phoenix on Monday, Loretta Lynch was giving a speech in Baltimore, Maryland at a National Summit on Youth Violence Prevention, according to her public schedule and a news report in the Baltimore Sun.
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