Forget Brexit, It's The Banks Stupid!

Political instability for the EU is a significant and visible threat, but is not the immediate problem, which is financial. As a result of savings and spending imbalances, none of the core Eurozone states can stand on their own.

Europe's Message: Those Who Oppose EU Membership Are Violent

Nigel Farage On Brexit: "We Had Momentum Until This Terrible Tragedy" - Here Are The Latest Odds

While according to UK-based bookkeepers, the odds of Leave are steadily falling despite no such confirmation in the actual pools, none other than Nigel Farage may have summarized it best when earlier today he said on ITV that "we have momentum. We did have momentum until this terrible tragedy... When you are taking on the establishment, you need to have momentum. "

The Duran Interviews Paul Craig Roberts: A Warning from a Fierce Critic of Washington

from The Duran:

Paul Craig Roberts is an American economist, journalist, blogger and former civil servant. He served as Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan and associate editor of the Wall Street Journal.

The Debt Market Is Flashing Danger Right Now

by Doug Casey, Casey Research:
Alarms are ringing in the corporate debt market.
If you’ve been reading the Dispatch, this won’t surprise you.
We’ve said many times that Corporate America has too much debt. Since 2007, U.S. corporations have borrowed almost $10 trillion in the bond market. Last year, they borrowed a record $1.5 trillion.
Again, this isn’t news to regular readers. But you may not realize how much bigger this problem has become in just the past few months…
According to Business Insider, the largest U.S. corporations borrowed $517 billion over the past year. That’s the second most of any 12-month period in history. It’s also 90% bigger than the corporate debt binge we saw during the dot-com bubble. And it’s 50% bigger than the debt build-up that occurred before the 2008 financial crisis.
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The PhD Bubble Has Burst: Graduating 'Doctors' Are Having Trouble Finding Work

"The supply of PhD's has increased enormously and the demand in the labor market has increased but not nearly as fast. When you can import an international workforce or outsource research, you have a buyer's market... The percentage of new doctorate recipients without jobs or plans for future study climbed to 39% in 2014, up from 31% in 2009."

Dogshit & Sugar-Tax In Philadelphia: "The Stupid, It Burns"

Dog shit and sugar taxes tell you everything you need to know about the corrupt Philly politicians and people living in West Philly. A match made in 30 Blocks of Squalor heaven. There is no solution. This city is too far gone. The people of West Philly have been indoctrinated into this lifestyle over generations. It will eventually end in tears when the city goes bankrupt and the welfare money dries up. Then it will burn.

Greeks Send An Open Letter To UK Citizens About Brexit

Dear friends of democracy in the UK,
We want to express our solidarity as we know that you have to take a historical decision for your country and for your people, as we did last summer. On 23rd June 2016 you will have to decide in a referendum on the United Kingdom’s membership of the European Union. A referendum is a direct democratic element, the highest expression of the peoples will, a privilege and a rare opportunity in the European Union.  You have now the historical chance to mark your national independence day and stop the further transformation of Europe into a European dictatorship.

Huge Scandal Erupts Inside NATO: Alliance Member Germany Slams NATO "Warmongering" Against Russia

Suddenly everything is imploding for NATO when none other than the Foreign Minister of NATO member Germany, Frank-Walter Steinmeier, criticized NATO for having a bellicose policy towards Russia, describing it as "warmongering", the German daily Bild reported. And just like that, the entire fictional narrative of "innocent" NATO merely reacting to evil Russian provocations has gone up in flames.

"Something is Going On" – And It's Worse Than You Thought

Trump is right about Orlando, but not in the way you think...

First Brexit Poll After Jo Cox Death Reveals Stunning Result

The sad death of pro-EU British MP Jo Cox prompted a buying spree in Sterling that carried on through today as hope sprung eternal that her assassination would lead to either a delayed vote or sympathetic pro-EU "Remain" swing. JPMorgan hinted before the close that was not the case and now, as USA Today reports, the first post-Cox poll reveals a shocking swing in "Remain" voters...

Read This Before The Government Uses The Orlando Shooting To Start Another War

Despite the CIA’s report acknowledging it found no tangible connections between Mateen and the so-called Islamic state, the narrative concerning his ISIS ties saturated mainstream headlines for days, almost certainly cementing the link in the public’s mind. Disgruntled politicians eager to overthrow Assad - thus also carrying out Saudi goals - can now facilely flip the script to assert deposing the Syrian government is necessary in the fight against everyone’s enemy, the Islamic State..."Failure to stem Assad’s flagrant abuses will only bolster the ideological appeal of groups such as Daesh [ISIS, etc.], even as they endure tactical setbacks on the battlefield."

BMG Polls Throw Mud In The Waters of Brexit Trends: Numbers Believable?

A BMG poll that was supposed to be released on Friday was delayed until today. That poll strongly reverses other recent telephone polls. The headline reads “Remain 53.3%, Leave 46.7%” b

I hope it's bullet and knife proof...

Artist's Impression Of The Opening Ceremony At The Rio Olympics

Presented with no comment...

Noam Chomsky On The Breakdown Of American Society & A World In Transition

The US is facing uncertain times. While it remains the only global superpower, it is no longer able to influence events and outcomes to its liking, at least not for the most part. Frustration and worry about the risk of upcoming disasters seem to far outweigh US voters' hopes for a more rational and just world order. Meanwhile, Noam Chomsky argues, the rise and popularity of Donald Trump is occurring due to the fact that US society is breaking down. In this exclusive interview with Truthout, Noam Chomsky addresses contemporary developments in both the United States and around the world and challenges prevailing views about class warfare, neoliberalism as the outcome of economic laws, the role of the US as a global power, the status of emerging economies and the power of the Israel Lobby.

Russia Warns US Against Striking Assad

Any attempt to topple Assad's government "wouldn't help a successful fight against terrorism and could plunge the region into total chaos... fueling turmoil across the entire region... and who would bear responsibility for that? Or shall we see the same Hollywood-style smile as it happened already in Afghanistan, Iraq and Libya?"

Making 'The Unthinkable' The New Reality - Hogs To Slaughter

America is a third world country, it’s just not ready to accept that reality yet. Politically it is thoroughly corrupted, economically it is too deeply indebted to ever extricate itself, morally it is without direction, rudderless in dangerous seas and heading for the rocks.

All Polls Favoring Clinton’s Candidacy Are Fake – Here Is How to Tell

by Dave Hodges, The Common Sense Show:
Hillary Clinton is leading Donald Trump by 10%. Why not 20%? Why not 50%? These numbers mean nothing with regard to the intentions of the people most likely to vote in the upcoming general election.
Well, based on these numbers reflecting a huge Clinton lead, we must assume that Donald Trump has no chance. Why even bother voting? Many who are influenced by the polls will conclude that nothing will ever change because that is because the polls say so. As people share their doubts about the viability about a Trump Presidency, the doubts spawned by the polls, will grow like wildfire. The polls negative projections about Donald Trump’s chances will cause all but the die-hard supporters to lose interest because their candidate cannot win.
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Omar Mateen’s IMDB Page Scrubbed, Removed from “The Big Fix” Cast

from Truthstream Media:

Why? My only guess is they don’t want people watching this scene because it will make you question everything you’ve ever been told about Mr. Omar Mateen. He’s like the Lee Harvey Oswald of Orlando.

The Clinton Foundation’s Corruption Captures Supporters, Including Bill Gates

from The Daily Bell:
When it comes to which candidate is best prepared to tackle matters of public health, the choice is clear to Microsoft co-founder and philanthropist Bill Gates. [He] told STAT News in an interview published Friday that while his organization would “approach any administration with a positive open mind,” he has more experience with both Hillary and Bill Clinton through the Clinton Foundation. – STAT
The STAT article excerpted above indicates that the Bill Gates is leaning toward endorsing Hillary Clinton.
It would be surprising if he didn’t.
One can make the argument that the Clinton Foundation is a kind of organized crime racket.
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Watchdog Report: FDA too Slow in Recalling Contaminated Food

by Anna Scanlon, Natural Society:
The Office of Inspector General (OIG) of the Department of Health and Human Services has recently conducted a study on food products the Food and Drug Administration (FDA) has recalled. The OIG has found that the FDA is unsatisfactorily-slow in initiating pulling products from the shelves, and may lead to a risk of disease and even death in the general population.
In one cited incident, the FDA failed to remove products with salmonella-tainted peanut butter for 165 days, even after 14 people reported symptoms of the illness. The FDA also took 81 days to recall a regional cheese product from Virginia, which left eight people ill and one person dead.
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Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months

Past a possibly messy Brexit & elections in France and Germany
by Don Quijones, Wolf Street:
Senior bankers in Spain and Italy can breathe a collective sigh of relief after Europe’s finance and economic ministers decided on Friday to postpone, for at least 18 months, a decision on setting a limit on the government bonds some banks can hold as eligible “risk-free” capital. It was one of four things keeping Spanish senior bankers awake at night. Now, they can sleep a little sounder.
The initiative, initially proposed by the German government and supported by other fiscally hawkish governments such as Finland and the Netherlands, was intended to limit the purchase of public debt by banks, in order to break the vicious cycle of co-dependence that now exists between sovereign and bank risk.
If allowed to happen, the move could have posed a very serious threat to the balance sheets of many banks on the Eurozone periphery. According to European Central Bank data, euro-area sovereign bonds accounted for over 10% of banks’ assets in the Eurozone, or €2.73 trillion ($3 trillion), at the end of 2015 — over €300 billion more than at the end of 2014, on the eve of the ECB’s launch of its negative interest rate policy (NIRP).
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