Trump Stunned At FBI Decision, Rages "The System Is Rigged"

 

 

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."

FBI Recommends "No Charges" Against Hillary Clinton

In a surprising statement which concluded moments ago, FBI director James Comey announced that Federal officials have decided not to pursue federal charges against Hillary Clinton for her private email setup, an announcement that will send a shockwave throughout national politics.

Rudy Giuliani: "Today Hillary Clinton Was Put Way Above The Law"

"No one should be above the law. Today Hillary Clinton was put way above the law."

Italy Bans Short-Selling Of Imploding Monte Paschi

Having collapsed 99.7% from its July 2007 highs at EUR93, Banca Monte dei Paschi Siena - Italy's 3rd largest bank - is in dire straits. And in confirmation that the fecal matter is about to strike a rotating object, Italian regulators just 'temporarily' banned short-selling of BMPS stock.

Climate, Energy, Economy: Pick Two

“Everything that is not resilient to high energy prices and extreme weather events will become economically unviable... and approach worthlessness. On the other hand,... Investments of time, energy, and money in resilience will become more economically valuable..."

Theresa May Wins Round 1 Of Tory Leadership Ballot, Demands Early Talks On Britain Departure From EU

Moments ago, UK Home Secretary Theresa May largely as expected, topped the first ballot of Conservative members of Parliament in the contest to replace David Cameron as party leader and prime minister. Former Defence Secretary Liam Fox came last, meaning he is eliminated from the race. This is important because while some have assumed that May ultimately winning the race for next UK leader and PM could result in some or all unwinding of Brexit, today the UK Standard reported that May "squared up to Brussels boss Jean-Claude Juncker by demanding early talks on Britain’s exit from the European Union."

Consolidation In Libyan Oil – A Major Red Flag For Oil Markets?

A political breakthrough in Libya could potentially contribute to the return of some of the country’s disrupted oil production.

Domino #3: M&G Suspends Trading In $6 Billion UK Property Fund

Things are getting bad fast in Britain...

A Mob Of 'Foreign Youths' Assault 35 Females At Swedish Music Festival

"...someone took the liberty of grabbing my butt really hard.. I felt someone running his fingers between my legs touching my genitals. Luckily, I had jeans on me...those standing behind me were not from a Swedish background... They were probably immigrants. I hate to say it. But it is the truth,"

Crude Crashes Most In 9 Months

WTI Crude is down over 5% to $46.50 - its biggest daily drop since early September 2015, with East Coast gas inventories at a record high...

Goldman Warns, 'Second Leg Of Weakness" Coming As Cable Crashes To 31-Year Lows At 1.3000

The British Pound is now down almost 14% from pre-Brexit spike highs at 1.5018, crashing to 1.3000 for the first time since June 1985. Goldman Sachs sees this renewed leg of weakness extending down to 1.20 within 3 months...

Goldman Expects Jump In Mortgage Refis, Blames "Burned Out" Borrowers

Due to the "new lower path for mortgage rates" Goldman is raising their estimate for 2016 MBS Issuance to $1.3 trillion from $1.2 trillion and raising their 2017 MBS issuance estimate to $1.3 trillion from $1.1 trillion. Goldman's  team cut their 10-Yr US TSY estimate to 2% from 2.4% ahead of an expected refinancing blitz.

Saxo Fears "Cascading Implosion" As Italian Bank Collapse Continues

"...an implosion of the Italian banking system would cascade into other European banks and the funding market, creating disorderly markets and lower sentiment causing a slowdown in economic growth and also prices."

US Treasury Yields Crash To New Record Lows

With Swiss rates negative to 50 years, the buying panic in US Treasury bonds continues, sending 10Y rates to 1.3666% - a new record low.

240 Years Of Independence Coming To A Close, Or A New Beginning?

by Ken Jorgustin, Modern Survival Blog:
As Great Britain ironically declares its independence from the European Union, America’s independence has eroded to shreds of what it once was when independence was declared 240 years ago from Great Britain’s own tyrannical rule. While most people don’t know their history, most Americans do not even realize the extent to which their own government has encroached into their lives compared to its original design. The bloat is simply staggering, and one wonders if the American is truly independent at all anymore…
Not to rain on your parade, but we must push back against the tyranny or else we will surely lose what’s left of our own independence.
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United Nations Participation and the Loss of American Sovereignty

by David Risselada, Freedom OutPost:
There have been rumors going around concerning the arrival of U.N. troops at U.S. military bases. Conspiracy theories abound which suggests peacekeeping troops will be used to confiscate weapons from American citizens in the final stage to merge the U.S. into a globalist world order headed by the United Nations. People who espouse these views are immediately discredited as “tinfoil hat” wearers and conspiracy kooks by people that believe something like that could never happen here. The evidence however is overwhelming when considering how deeply entangled the U.S. has become in United Nations affairs. For instance, Loretta Lynch and Barack Obama have initiated a program called the Strong Cities Network, which is the product of a U.N. think tank called the Institute for Strategic Dialogue. The purpose of the Strong Cities Network is to combat home grown extremism while giving the U.N. law enforcement capabilities over our cities. While many would think this makes sense in the age of terror, this author has described many times who this administration, and the U.N. indecently, considers being the extremists. Another example is the numerous treaties proposed by the U.N. which would surrender U.S. sovereignty to a world governing body; an example is the Arms Trade Treaty.
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So What’s Going on with Inflation in Argentina?

by Wolf Richter, Wolf Street:
An economic nightmare that’s politically painful to untangle.
When Argentine President Mauricio Macri took power, his economic team began to dismantle his predecessor’s heavy-handed policies — a process that had painful recessionary consequences for the Argentine population. Macri and his team repeatedly promised that by the second half of 2016, the pain would be worth it, the economy would recover and we would see some results.
In a press conference yesterday, Macri announced that his policies have successfully put the country’s economy back on track. He based this on three premises:
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