This Is What "American Justice" Looks Like...

 

 

US Stocks, Bonds, & Gold Jump As European Banking System Collapses

A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank

Speaking at a joint news conference Italy's Prime Minister Matteo Renzi said "other European banks had much bigger problems" than their Italian counterparts.  "If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred."

Our Future Is (Literally) Crumbling Before Our Eyes

The sorts of predicaments the world faces -- ranging from over $200 trillion in debt, to our unsustainable addiction to fossil fuels, to our over-stressed ecosystems -- all require that we get deadly serious about confronting them ASAP, and make difficult decisions and trade-offs. However, our global leaders always seem to opt to kick the can down the road if at all possible. Short-term thinking and near-term priorities dependably get precedence over doing the right thing for the future. Tomorrow’s generations are thrown under the bus by selfishly motivated actors today.

Domino #7: In Dramatic Twist, UK Property Fund Cuts Value Of Its Assets By 17%

Instead of suspending trading and implicitly disallowing redemptions, giant fund manager Aberdeen has forced investors in its UK Property fund to take a 17% haircut wiping hundreds of millions of dollars off its value. The fund stated that shareholders wishing to redeem will do so at a reduced price in order to reflect the current market environment and the fact that short term trading in the property market has "relatively penal consequences." Which makes us wonder - is all this post-Brexit selling because UK property prices are 20% over valued?

Gundlach: "When Deutsche Bank Goes To Single Digits People Will Start To Panic"

"Banks are dying and policymakers don’t know what to do. Watch Deutsche Bank shares go to single digits and people will start to panic... you'll see someone say, 'Someone is going to have to do something'." Jeff Gundlach said on Wednesday that gold remains the best investment amid fears of instability in the European Union and prolonged global stagnation “Things are shaky and feeling dangerous,” Gundlach said. "I am not selling gold."

Oil Spikes After Biggest Inventory Draw In 13 Months

After six straight weeks of drawdowns and against expectations of a 2.5mm barrel build, API reported a massive 6.736mm barrel drawdown - the biggest since June 2015. Distillates and Gasoline also saw major draws.  The result - unsurprisngly - is a surge in crude, extending the day's gains, even though Cushing saw a modest 80k build.

It's Not The Brexit Stupid!

Brexit is just a symptom of the disease eating away at the fabric of our global economy. Lehman’s collapse was not the cause of the 2008 worldwide financial crisis. It was just the excuse for something that was going to happen no matter what. Bad debt, bad bankers, bad regulators, bad politicians, media cheer leading, and a willfully ignorant populace were a toxic combination – and it’s worse today.

Hillary Campaign Unveils New Slogan

Truth in advertising...

More Dominoes : Panic Withdrawals Force Three More UK Property Funds To Freeze Assets

Canada Life said it would be deferring requests for withdrawals from its commercial property fund from 3pm on Tuesday, for up to six months.

Welcome To Planet Debt

Both of this year’s presumptive candidates are “low interest rate” people, all right. Their adult lives were marked by the credit cycle and their careers shaped by ballooning debt. And now, almost the entire world economy depends on low rates. We live on Planet Debt.

Domestic Trade Is Disintegrating: Heavy Truck Orders Plunge To Lowest Since 2010

Heavy-duty truck order numbers just hit a 4-year low in June, with depressed demand in 2016 suggesting that something is very wrong with the "recovery" narrative, and certainly hints that when it comes to transportation, trade and logistics things are rapidly disintegrating.

The FBI's Decision Could Ultimately Be An Advantage For Trump

"The unifying person of the party may not be Donald Trump, but Hillary. While many people may not like him, they are going to vote for him, because they don't like or trust her...There's plenty of material to focus on Hillary Clinton. And if he does that, he's going to win."

Here We Go Again - Stockman Warns Of August 2007 Redux

Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by four UK commercial property funds. If this is beginning to sound like August 2007 that’s because it is. And the denials from the casino operators are coming in just as thick and fast.

Just One Word Describes This Fed

A simple word count of the Fed's minutes reveals that the prevailng mood at the Federal Reserve right now can be described with just one word.

"Folks, Put The Pieces Together" - Judge Jeanine Rages Over Comey/Clinton Debacle

"Now what we have is a country that doesn't believe in the system anymore. This case should have gone to a grand jury. Ordinary Americans should have heard this case. You've got political appointees like Jim Comey, Loretta Lynch, and someone who was beneath Loretta Lynch who is also a political appointee making this decision, reeks of favoritism."

Onward Toward Bullion Bank Collapse – UPDATED

by Turd Ferguson, TF Metals Report:
Since writing this report on June 25, The Banks have surged total Comex gold open interest by another 22,000 contracts or 3.5%, all in a desperate attempt to contain the “price” of gold below the post-Brexit highs.
The purpose of this update is to once again highlight the tenuous and desperate situation of The Bullion Banks. These Banks are trapped short in Comex paper gold derivatives and they are clearly attempting to contain/restrain price below $1350 and the post-Brexit highs near $1360. How do we know this? Check the chart below:
Read More

IT’S HAPPENING: FIRST ROBOT-POWERED BURGER JOINT THROWS MINIMUM WAGE ARGUMENT OUT THE WINDOW

from The Daily Sheeple:
Eight out of the top ten jobs that employ the majority of Americans currently have a more than 90 percent probability of being replaced by robots in the coming years. People who don’t want to open their eyes to the futuristic reality of robot job takeovers might want to look elsewhere than this article. It’s happening right now.
Read More

19-year Old Paralyzed Cancer Patient Brutalized by TSA

by Simon Black, Sovereign Man:
19-year old Hannah Cohen should have been partying.
Living with multiple disabilities like paralysis, partial deafness, and blindness in one eye, Hannah also suffers from a brain tumor.
And five days ago, she and her mother were traveling home via Memphis International Airport to celebrate the end of her cancer treatment with the rest of her family.
That’s when Hannah found out how free she really is.
After her wheelchair set off the metal detector at the airport’s security lane, Hannah couldn’t hear or understand the orders that TSA officers barked at her.
Read More

Judge Napolitano: “It’s more likely than not that there was a CONSPIRACY in the office of Secretary of State to EVADE FEDERAL LAW”

from RonPaulCC2012:

Italian Bank Shares Plunge, Sparking Ban on Short-Selling

from The Telegraph:
Investors are nervous about how the sector will cope with lower interest rates and a €200bn pile of loans.
On Monday, Italy’s banking index fell 5.7pc, with Monte dei Paschi di Siena the biggest loser with a 14.8pc drop.
The slump, which also hurt the bank’s riskier junior debt , prompted Italian market regulator Consob to introduce a temporary ban on short-selling.
Monte dei Paschi chief executive Fabrizio Viola said the bank was financially sound and the share drop unwarranted.
Italy’s oldest bank, the only Italian lender to be bailed out during the financial crisis, is saddled with problematic loans equal to more than a fifth of its total client loans.
Read More

SHOCKING CLAIM: There is Now a $100 Million Bounty on the Heads of Rothschild, Rockefeller Khazarian Mafia Families — Fulford

from The Phaser:
The end of Khazarian mafia tyranny on the planet earth is getting very close indeed. The Rothschilds and other top Khazarian Mafiosi families like the Borgia, the Medici, the Del Banco (Warburg) the Rockefellers (including the Clintons) the Bushes (Pecce) have been given until July 10th to reach a peace agreement with the people of the planet. After that a bounty of $100 million each, payable in gold, will be handed over to anybody who can arrest, and if they resist arrest, kill, members of these genocidal families.
We are hearing there is vicious infighting and arguing going on within the “family,” about what to do about this situation.
Read More and WATCH NOW @ ThePhaser.com

/