Brexit Campaigns Suspended After British Lawmaker Shot Dead By Mentally Ill Assailant

The West Yorkshire Police reports that Jo Cox has died as a result of her injuries. The police also adds that a full probe is under way to establish motive. It remains to be seen if the Brexit referendum vote will be delayed as a result of this death.

15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See

There is no debate any longer – the next economic crisis is already here...

Terrorism As Pretext For Intervention In Middle East

This contradiction speaks volumes about the sheer hypocrisy and double standards of the Western powers: that, when it comes to securing 265 billion barrels of Saudi oil reserves and 100 billion barrels, each, of UAE and Kuwait that together constitutes 465 billion barrels, i.e. one-third of the world’s proven crude oil reserves, they are willing to overlook the excesses that have been committed by such Medieval regimes but when it comes to negotiating with the Islamist insurgents to reach political settlements and to let up on all the violence and spilling of blood in the region, they stand firm against the so-called “terrorists” as a matter of principle. Why do the Western powers overlook the excesses committed by Saudi Arabia where Shari’a is the law of the land and Hudood-style executions are an everyday occurrence?

GAO Report Reveals The FBI Has Built A Massive Facial Recognition Database

In what should come as a surprise to absolutely nobody (as we previewed it here years ago), a new report by the Government Accountability Office (GAO) reveals that the FBI has compiled a massive facial recognition database without any oversight.

The Fed Has Brought Back "Taxation Without Representation"

So, Wall Street banks control the boards of directors at the Fed banks. The Fed bank boards of directors appoint the committee members who set monetary policy. And the monetary policy they set ends up being a gigantic tax... a transfer of wealth from the middle class to a tiny group of beneficiaries, including the US government and the banks themselves. This is an unbelievable scam... and it truly is taxation without representation. Unelected bureaucrats impose their will over the entire financial system in a way that benefits a handful of people at the expense of everyone else.

"It's Only A Matter Of Time Before Many Of Them Blow Up" - The Default Cycle Has Begun

"Cycles come and go, but when a wave hits, you want to make sure you are in the right seat with the right group of people. We are putting the band back together."

Here's What You Need To Know About The Cold War 2.0 (Because It's Already Here)

As mainstream media attention largely focuses on complex entanglements destabilizing the Middle East, the United States continues to advance a rather aggressive agenda against Russia through its NATO allies in the Balkans and beyond. While an amassing of NATO troops in states bordering the U.S.’ Cold War foe might be troubling news in itself, an examination of several factors provides ample reason for vigilance.

"Loan Stacking" - The Blind Spot That Could Blow Up The P2P Model

Back in February we noted that there were cracks starting to show in the world of P2P lending, and more specifically, with LendingClub's inability to assess credit risk of its borrowers that were causing the company to experience higher write-off rates than forecast. And now courtesy of Reuters, we learn of a critical blind spot in the world of online lending.

FBI: US Homicide Rate At 51-Year Low

The US homicide rate in 2014, the most recent year available, was 4.5 per 100,000 - the lowest since 1963. So, do more guns equal more crime? The data would seem to indicate the answer is "obviously not." Nevertheless, President Obama called on The Senate this afternoon to "rise to the moment" and pass gun control...

The Minimum Wage Pain Continues: Hundreds More To Be Fired At Walmart

Five months after the public relations extravanganza of raising the minimum wage in its stores, WalMart (and its shrinking workforce) is increasingly dealing with the reality of economics...

From Entropy To Ecstasy - A Market In Chaos

Philadelphia Becomes First Major City To Pass A Soda Tax

Moments ago the the Philadelphia City Council approved a 1.5-cent-per-ounce tax on sugar-sweetened and diet beverages, the first such tax imposed in a major U.S. city. The reason? The Council is looking to raise about $91 million for an expansion of early childhood education. Instead, the money will most likely be siphoned off into various underground ventures (and bank accounts) or outright embezzled.

Reuters 'Explains' Today's Market Move

Silver ETF Holdings Soar To Record Highs

With precious metals prices soaring this week, month, and year on the back of flailing Fed credibility, it is not entirely surprising that assets in exchange-traded funds backed by silver have swelled as investors seek a haven from global economic and political risk. In fact, as of today, Silver ETF holdings have never been higher...

Fed Finds "The End Of The Road"

The big risk for the Fed has always been the market would “call their bluff”  be unwilling to buy into the “forward guidance.”  It is currently too soon to know for certain but reactions following yesterday’s announcement are not promising.

Smith & Wesson Sales Hit All Time High, Up 200% Since Obama Election

Yes, you are reading that chart correctly: Smith and Wessons sales are up 200% since Obama was elected.

When Was The Last Time German 10-Year Bond Yields Went Negative?

Unless you are at least 94 years old you were not born yet... and you may be surprised at what happened next!

McCain Says Obama "Directly Responsible" For Orlando Mass Shooting, Then Promptly Retracts

With the fingerpointing over the culpability of the Orlando shooting a raging issue in this week's political news cycle, earlier today neocon senator John McCain said President Obama was “directly responsible” for the terror attack in Orlando due to his failure to combat the rise of the Islamic State terror group.

Self-Learning Robot Escapes Testing Ground (And Goes Missing For 45 Minutes)

“Our engineer drove onto the testing ground and forgot to close the gates. So the robot escaped and went on his little adventure..."

How To Avoid Getting Arrested When Mismarking Your Month-End Bond Book

For those curious what not to do when "overriding" month-end bond prices with fabricated marks in order to avoid arrest, read on.

Blackstone Partner Stole $40 Million From Friends, Family; Blames It On "Gambling Addiction"

The fact that a guy who had a privileged life resorted to not only pissing away $20 million of his own inheritance, but then stealing from friends and family, including his own mother says enough... but trying to blame it on "compulsive gambling and mental health illness" issues just sums up this nation's "wasn't my fault," #NeverConsequences new normal.

Janet Whiffs Again - Take Cover Now!

If Donald Trump has even a partial clue about the nation’s monumental economic mess one of his first acts will be to demand Janet Yellen’s resignation. And for sheer incompetence among countless other failings. She was out there again yesterday talking in completely incoherent circles. On the one hand, Yellen robotically insisted that the U.S. economy is moving steadily toward the Keynesian nirvana of full employment. At the same time, she struck a profile in cowardice that was downright pathetic.

"Remain" Campaign To Stay Suspended On Friday As IMF Delays Release Of Brexit Economic Impact Report

Leftists Suggest Secret Court to Strip 2nd Amendment Rights

from TRU News:
A New York Times editorial advocates for a new law allowing a secret court to take away citizens’ right to own a gun at the discretion of the federal government.
Citing the Orlando terror attack that left 50 dead including the shooter and 53 wounded at a gay nightclub, the piece advocates for a “no-buy” list similar to “no-fly” lists. Under the law, suspected terrorists would not be able to buy a gun. In an attempt to ensure the integrity of the lists and preserve due process, the author proposes people only be added to this no-buy list after a secret court rules they are ineligible, similar to the Foreign Intelligence Surveillance Act court hearings where the federal government obtains permission to wiretap. Under this proposal, an American who has never been convicted of a crime could be denied their right to buy a gun simply because a secret court decided it should be that way.
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NATO Says It Might Now Have Grounds to Attack Russia

by Eric Zuesse, Washington’s Blog:
On Tuesday, June 14th, NATO announced that if a NATO member country becomes the victim of a cyber attack by persons in a non-NATO country such as Russia or China, then NATO’s Article V “collective defense” provision requires each NATO member country to join that NATO member country if it decides to strike back against the attacking country. The preliminary decision for this was made two years ago after Crimea abandoned Ukraine and rejoined Russia, of which it had been a part until involuntarily transferred to Ukraine by the Soviet dictator Nikita Khrushchev in 1954. That NATO decision was made in anticipation of Ukraine’s ultimately becoming a NATO member country, which still hasn’t happened. However, only now is NATO declaring cyber war itself to be included as real “war” under the NATO Treaty’s “collective defense” provision.
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Gold Price: USD 65,000/oz in 5 years?

from Bullion Star:

16 June 2021 is exactly five years from today. What will the gold price be on 16 June 2021?
Currencies are Worthless
As the world’s fiat paper currencies have lost 99% or more of their purchasing power over the last 100 years, its critical to understand that fiat paper currencies are not a suitable unit of account for accurately measuring prices.
In fact, gold is a far superior measuring stick of value than paper currencies.
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Gold Surges to $1,313/oz – Fed Concerned Re Outlook, BREXIT and May “Consider Using Helicopter Money”

by Mark O’Byrne, GoldCore:
Gold News and Commentary

Gold hits highest in nearly two years after Fed’s cautious outlook (Reuters)
Gold Funds Keep Drawing Cash Even as Market Momentum Fades (Bloomberg)
Gold Jumps as Fewer Fed Officials See Multiple Rate Hikes in ’16 (Bloomberg)
China Dumping More Than Treasuries as U.S. Stocks Join Fire Sale (Bloomberg)
Sterling may weaken 11% if Brexit occurs: Goldman (CNBC)
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Brexit Chaos to Serve as Cover for ECB Bank Bailouts

by Wolf Richter, Wolf Street:
European banking crisis gets impatient.
Over the course of the last few months, Brexit has become one of the biggest catch-all preemptive scapegoats of recorded human history. Even far beyond the old continent’s porous borders, politicians, central bankers, and economists are warning their respective populations to brace for a serious aftershock if the people of Britain vote to leave the EU.
This is is a remarkable feat given that the UK has its own perfectly functioning currency, and as such decoupling from the EU, while bumpy, should not pose an immediate financial threat either to the UK or the EU, let alone the world at large. But try telling that to the eurocrats, politicians, and central bankers whose long cherished dream of creating a seamlessly interconnected, interdependent European superstate appears to be in the process of unraveling.
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Is Something BIG Coming? Report: FEMA Just Quietly Activated Civilian Corps

from The Daily Sheeple:
The Daily Sheeple received this email tip from a source who received a message warning that FEMA just quietly activated it’s “hush hush” Civilian Corps last week.
The message began with, “That was the very odd message about FEMA that came into my spam box at work.”
The message is titled, “FEMA activates it’s hush hush Civilian Corps, why now?”
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