FEMA Contractor: Unrest After 395% Food Price Spike Coming Soon

Preparations by various cogs of the national security complex, including FEMA, indicate a coming worldwide food shortage - and a resulting crisis marked by extreme civil unrest around the globe.

'Elites' Called To Arms: "It's Time To Rise Up Against The Ignorant Masses"

"The Brexit has laid bare the political schism of our time. It’s not about the left vs. the right; it’s about the sane vs. the mindlessly angry..."

Is This Where All Those Companies "Leaving England" Will Go

As companies evaluate whether to depart the UK for France, they may want to consider scenes such as the following showing relentless local protests, now stretching for months, against the much maligned anti-labor reform.

UK Police Call Emergency Meetings After Explosion In Hate Crimes After Brexit

The horrifying spike in racist attacks, which have come in the wake of Britain’s vote to leave the European Union, has prompted police to call for enhanced sentencing for those convicted of such disorder.

Banks Are Spending Billions On Stress Test Preparation

After failing the Federal Reserve's annual stress tests in March 2014, the WSJ reports that Citigroup hired multiple consulting firms, and spent about $180 million on stress tests during the second half of 2014 in order to address regulator's concerns. It turns out that banks are spending tens of billions in order to prepare for stress tests, creating quite a lucrative business for consultants.

Scathing New Report Shows Just How Bankrupt Social Security Really Is

The government is publishing this data in black and white. They’re telling anyone who’s willing to listen that Social Security has dug itself into an impossible hole. More importantly, they’re telling us there’s a 0% chance that the government will be able to honor its existing commitments. They’ll either have to radically raise taxes, or simply reduce (or eliminate) the Social Security benefits that they’ve been promising taxpayers for decades.

After Three Years, This Remains The Best Trading Strategy

One strategy that has worked unusually well for the last several years is a simple positioning trade of selling the 10 most overweight stocks and buying the 10 most underweight stocks by active managers. This single trade has yielded over 16ppt of alpha year-to-date

WTF WTI

WTI Crude has now soared 9% in the last 2 days ripping back to pre-Brexit highs above $50...

The Real 'Fear' Index Just Went To '11'

A funny thing has happened below the surface of the markets since late last year. As first The Fed, then The BoJ, and The ECB respectively saw their credibility crushed into a mumbling excuse pool of elite utterances as global bond yields crashed along with global growth and inflation expectations, professional investors have been busily buying crash protection.

The Algos Are Winning Again (In Trading The Brexit Chaos)

As we warned heading into the Brexit vote, it appeared that many human investors had quite a bit of misplaced confidence in the Remain vote, and it ultimately turned out that we were right. It also turns out that the algos have traded the event better than humans as well.

Brexit, A Step In The Right Direction: The Optimistic View

In the conventional narrative, Brexit is about immigration, escaping the EU's bureaucrats of Brussels, class war or political theater. It may be about all of these, but beneath these surface issues lies a deeper dynamic: a recognition that the entire system is broken and a new arrangement of power, responsibility and risk is required. In this view, Brexit is a positive step in the right direction, away from centralization and central planning and towards decentralized arrangements that enable more dynamic, localized solutions.

Another Attempt To Explain The Volumeless Rally, Now From JPM: "A Function Of Disbelief And Skepticism"

Trading trends are pretty slow and that is a function of disbelief/skepticism in the recent rebound (there is a lot of doubt that the SPX will wind up getting off this easy from the referendum and thus people are reluctant to chase).

BofA: To Save Markets Central Banks Just Made Inequality And Populism Even Worse

"Today’s extraordinary monetary policy backdrop is likely adding to voter angst and exacerbating the theme of rising wealth inequality, rather than reducing it.  The irony of recent events is that the combination of risk-off sentiment and expectations of further central bank support has caused another surge in negative yielding debt…which will only compound the issues of wealth inequality and populism."
- Bank of America

Hillary Superpac Has Taken $200,000 In Banned Donations

These past few weeks have been quite interesting for Hillary Clinton. We learned that Clinton omitted one key email from the State Department, that Hillary's official State Department calendar is missing a lot of entries, and we were reminded that it can be quite lucrative to be a friend of Hillary. Now, courtesy of The Hill, we find that a super-PAC backing Clinton has accepted $200,000 in donations from a company holding multiple contracts with the federal government, despite a ban on such contributions. Said otherwise, the super-PAC is engaged in a pay-to-play deal.

Who Said It? Bernie, Donald, Or Hillary?

It’s quiz time...

There Is Now A Staggering $11.7 Trillion In Negative Yielding Debt

It was not even a month ago when we last looked at the total amount of negative yielding debt around the globe, and were shocked to find that according to Fitch, for the first time in history (obviously), there was over $10 trillion in negative yielding debt. Fast forward 4 weeks later, and the grand total is now $1.3 trillion higher, or $11.7 trillion.

Brexiteers 1 : 0 Scaremongers - UK Stocks Erase All Brexit Losses

It seems Farage was right... again... "Can we all just grow up, stop this absolute scare-mongering nonsense? Can we just end this complete rubbish?"

EUSSR: Kremlin Spokesman Compares Crumbling EU to 1989-91 Soviet Union

from Rogue Money:

The British people have spoken and voted to leave the European Union. Despite the howls of the Euro-fanatic Atlanticist pundit and ‘creative’ classes for re-voting until the people deliver the ‘right’ answer as with past EU referendums in Ireland or Denmark, there’s not much that can be done to reverse this decision, only delaying of the consequences. Resigning Prime Minister David Cameron has already admitted as much to Parliament. Nor are the Scots going to ride to the EU’s rescue by calling a second independence referendum anytime very soon and thus forcing the Leave majority to choose between remaining subservient to Brussels or breaking up the United Kingdom.
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BEWARE of the Top 10 Toxins in Food and Medicine That Cause the Majority of U.S. Allergies, Diseases and Disorders

by S. D. Wells, Natural News:
From cradle to grave, Americans suffer from “mysterious” health problems that medical doctors just can’t seem to solve, not with medications, surgery or chemotherapy. Where oh where could all of these problems come from – ones that other countries barely have, or don’t have at all?
Think about it: Why would anyone’s body completely freak out just because you open a jar of peanut butter on the other side of the room? Why would a baby get a headache so severe that it causes brain damage? How did the statistics of autism go from 1 in 10,000 boys to 1 in 68, just since the late 1990s, and could it have anything to do with injecting the most toxic non-radioactive chemical on planet earth – an acute neurotoxin called mercury – into the muscle tissue of children over, and over, and over, and up to 30 times before they reach the age of three?
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Stock Market Meltdown Likely to Drive Gold Towards $1,500

by Mike Swanson, Wallstreetwindow.com, SGT Report.com:
I’m sure you are well aware of the big stock market drop that hit the US stock market on Friday as the DOW fell over 600 points following the UK BREXIT vote.
Almost every sector of the stock market fell except for gold and Treasury bonds.
I believe that what we saw on Friday was the simple start of a big drop that is going to turn into a total stock market meltdown in the coming weeks.
In fact the whole drop may not end for a few months.
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Government Sponsored Mortgages Go Full Retard: 2008 Redux-Squared

by Dave Kranzler, Investment Research Dynamics:
This is a note to me from one of my Short Seller Journal subscribers:
As a 20 year real estate agent, investor and wholesaler in Atlanta, I’d like to add my comment to your analysis. I totally agree that things are not what they seem to be in housing. I despised the NAR [National Association of Realtors] when I was a member because of their “it never rains” housing reports and their confiscatory attitude toward realtor dues and their subversive political activity. I eventually gave up my agent’s license when they started forced PAC contributions in 2010. Edward Pinto of the American Enterprise Institute told me that NAR is spending $55 million a year for lobbying on housing issues. The NAR never met a loan they did not like.
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Warning: This Could Be the Start of a Global Banking Crisis

by Doug Casey, Casey Research:
Europe’s banking system is collapsing.
Over the past year, shares of Deutsche Bank (DB), Germany’s biggest bank, have plunged 56%. Swiss banking giant Credit Suisse (CS) is down 62% over the same period. Yesterday, both stocks hit record lows.
Dozens of other European bank stocks have also crashed. The Euro STOXX Banks, which tracks 48 of Europe’s largest banks, is down 48% over the past year. This is a major issue…
That’s because banks are the cornerstone of the financial system. They keep money flowing through the economy. If they’re struggling, it often means the economy is having major problems.
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Don’t Count Out Donald Trump Yet

by Michael Krieger, Liberty Blitzkrieg:
To make things even worse, we often outright mock anyone who can’t keep up, or doesn’t fit in with the new order. We call them dumb. Idiots. Religious freaks. Rednecks. Thugs. Hoodlums. Ghetto trash. White trash.
The language we use to talk about those who have been left behind is rife with nasty attempts to turn them into lesser humans. We use the tactics of racism, and apply it to economic losers.
If you hate racism, then you really really really should hate any economic and social system that creates and rewards massive inequality. Because when you get that. You get racism.
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As Big Banks Hemorrhage Capital, Glass-Steagall Is Quietly Added to Democratic Platform

by Pam Martens and Russ Martens, Wall St On Parade:
The overall stock market is staging a big rally at the open of trading this morning in New York, but that is not going to calm growing anxieties over how badly systemically risky global banks traded in Friday and Monday’s two days of carnage. Watching tens of billions of equity market capital vaporize at the mega banks in two trading sessions of just 6-1/2 hours each has put renewed attention on separating the insured depository banks that are backstopped by the taxpayer from the high risk investment banks and brokerage firms on Wall Street. That effort has just gained a lot more traction.
Quietly, with little media fanfare, restoring the Glass-Steagall Act has been added to the final draft of the Democratic Platform. The passage reads:
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