The Accusations Begin: David Cameron Blames Brexit On Merkel And EU "Immigration Failure"

David Cameron told European leaders he lost the EU referendum because they failed to address public concerns over immigration, as tensions rose ahead of looming Brexit negotiations. The British PM said that fears of mass immigration were "a driving factor" behind the vote and free movement would have to be addressed in Brexit talks. He was mostly referring to Angela Merkel who blocked British demands before the referendum for an "emergency brake" on migrant numbers.

Farage Slams The EU Parliament: "You're Not Laughing Now Are You?"

In his first appearance in European Parliament since the Brexit vote, UKIP leader Nigel Farage was greeted with raucous jeers and boos (presumably for enabling The Brits to exercise their democratic right to self-determination). Once EU President Martin Schulz had demanded (ironically) that they listen, Farage began his 'victory' speech by reminding his so-called peers of their laughter when he first suggested UK should leave The EU - "you're not laughing now... are you!"

"We The Prisoners": The Demise Of The Fourth Amendment

Aided and abetted by the legislatures, the courts and Corporate America, the government has been busily rewriting the contract (a.k.a. the Constitution) that establishes the citizenry as the masters and agents of the government as the servants. We are now only as good as we are useful, and our usefulness is calculated on an economic scale by how much we are worth - in terms of profit and resale value - to our “owners.” Under the new terms of this one-sided agreement, the government and its many operatives have all the privileges and rights and “we the prisoners” have none.

Nigel Farage Batters Obama: "He Came To Britain And Behaved Disgracefully"

"Well ultimately let me say this, Vladimir Putin behaved in a more statesmanlike manner than President Obama did in this referendum campaign. Obama came to Britain and I think behaved disgracefully, telling us we'd be at the back of the queue. Treating us, America's strongest, oldest ally, in this extraordinary way. Vladimir Putin maintained his silence throughout the whole campaign."

Doug Casey Debunks The Common Excuses for "Staying" In One Country

"I would like to reemphasize that it’s pure foolishness to have your loyalties dictated by the lines on a map or the dictates of some ruler. The nation-state itself is on its way out. The world will increasingly be aligned with what we call phyles, groups of people who consider themselves countrymen based on their interests and values, not on which government's ID they share. I believe the sooner you start thinking that way, the freer, the richer, and the more secure you will become. The most important first step is to get out of the danger zone."

Bernie Sanders: The World Is Rejecting Globalization

"The global economy is not working for the majority of people in our country and the world. This is an economic model developed by the economic elite to benefit the economic elite. We need real change... We also need a president who respects the democratic rights of the people, and who will fight for an economy that protects the interests of working people, not just Wall Street... and other powerful special interests."

In Gold We Trust, 2016 Edition

"...the increasing desperation of central bankers and their willingness to boost inflation at all cost is going to lead to a plethora of unintended consequences, all of which are likely to boost the gold price."

WTF Chart Of The Day: When Central Planning Fails

Things have not been going according to plan for Kuroda-san and his policy-making 'Peter-Pan's in Japan. Since The Bank of Japan unleashed NIRP on its 'saving' community - which, according to the textbooks would force money to reach for riskier investments, pumping stocks up, or flush cash into inflationary consumption - stock prices have collapsed and bond prices have exploded... In fact, in six months, bonds are outperforming stocks by a central-bank-credibility-crushing 70%!!!

Juncker Refuses To Speak English In Address To EU Parliament

European Commission President Jean-Claude Juncker didn't speak English Tuesday as he lamented the U.K.'s departure from the bloc. Juncker's official speech to EU lawmakers was made only in French and German. He did, however, respond to hecklers among the British EU lawmakers in English. Previously, Juncker has often used the EU's most widely spoken and written language as well, particularly when addressing issues close to British hearts.

Why Barclays Thinks The V-Shaped Recovery Is Dead: "Massive Redemptions Are Coming"

"Massive redemptions amid extended active manager positioning put the market at risk."

CCTV Camera Captures Moment Of Istanbul Airport Explosion As Suicide Attacker Blows Himself Up

The following video, courtesy of Mahir Zeynalov, shows the precise moment when at least one of the two Ataturk Airport explosions took place. Viewer discretion advised.

The Crackdown Begins: Chinese Bank Sues To Seize Vancouver Real Estate Assets

China CITIC Bank Corp Ltd has launched a Canadian lawsuit to try to seize the assets of a Chinese citizen the bank claims took out a multimillion-dollar loan in China then fled to Canada. The defendant, Shibiao Yan, owns three multimillion-dollar properties in a Vancouver suburb and lives in a $3-million Vancouver home owned by his wife, according to court documents.

Clinton's Plan For Millennials: Loan Forgiveness...aka Feeding the FSA (Free Shit Army)

So there we have it, Hillary Clinton will pull millennials out of from the basement of their parents house and into the world of business simply by allowing loan deferments that don't accumulate interest. Just as long as nobody ever addresses the core issues that are driving millennials into debt with no real opportunity to repay that debt to begin with, the status quo will continue to survive, and the politicians will all be left scratching their head as to why these programs just aren't working. Once again, the Federal Reserve and its monetary polices are left intact, and the politicians won't ever be forced to make any real fiscal reforms - that would just be too difficult.

"Brexit Sends A Clear Message To Sick Political Elite" Marc Faber Sees "Only Good Contagion"

A revolt against the political establishment "is already well underway. Brexit is a huge boon for Trump and a wake-up call to Hillary that ordinary people are sick and tired of being lied to and cheated by the crony capitalistic system..."

MythBusted - Rising "Not In Labor Force" Only Partly Due To Retiring Boomers

The changing source of not in labor force is exactly opposite of the historical norm and opposite conventional wisdom.  It is also an economic cancer as these millions from among the 16-54 are not building job skills, savings, or self sufficiency.  They will not be home buyers nor drive economic activity.  They will essentially be a lifelong societal burden.

Democrats Accidentally Reveal How Lucrative It Is To Be A Friend Of The Clintons

As the Democrats hurried to get ahead of the news cycle by releasing a report of their own in advance of the official House Select Committee's report on Benghazi, they also unveiled how a longtime Clinton friend and adviser is benefiting monetarily from their friendship.

Why All The Post-Brexit Hysteria?

If there is one thing that the EU should hope for it is complete economic catastrophe as a result of this vote; that their threats and fear mongering leads to action resulting in a self-fulfilling prophecy. Otherwise, if the UK proves that you can leave the union, maintain friendly trade relations and continue to be a dominant global economy, it would signal the beginning of the end of the EU. If other nations see proof that you can escape the Brussels bureaucracy with only minor short-term complications it will surely lead to an exodus from the destined-to-fail union.

Kuroda Is Trapped As The BOJ Can't Ease Any Further: Here's Why

While the BOJ is reportedly meeting with the government today, it’s going to be addressing a situation that just got more difficult with a poor menu of policy options. It can purchase more assets and lower interest rates, but it can’t change a world economy that’s running out of inflationary gas.

Has The Orlando Shooting Psyop Event Just Been Blown Wide Open? (VIDEO)

by Bernie Suarez, The Sleuth Journal:
With the seemingly daily influx of new information coming in about the Orlando Pulse Night Club shooting “event”, each new piece of information increasingly shedding more suspicion on the event, as large pieces fail to fit and the stories and testimonies increasingly fail to hold water, another researcher sent me information yesterday that I want to share with readers that could potentially blow open the Orlando shooting “event” exposing it for the fraud that it is. As always you have to think critically on your own after weighing all the evidence. Everyone should be looking for ways to disprove what I’m about to discuss.
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The Emperor Has No Clothes

by Doug Casey, International Man:
Immediately following receipt of the Brexit results, I sought out the reaction of International Man feature writer Jeff Thomas who, as a Briton, has had a more direct connection with the issue. I can’t think of a better person to comment on this historical event.
As always, he was candid with his remarks and his observations were insightful as to how the “leave” decision is likely to impact us all in the future.
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CIA Ties To Hollywood On Verge Of Being Exposed

by Clarice Palmer, Activist Post:
An amendment added to Congress’ annual intelligence spending bill may help the public gain a better idea of the U.S. government’s relationship with Hollywood.
According to VICE News, the ranking Democrat on the Senate Intelligence Committee, Senator Dianne Feinstein (D-CA), and committee Chairman Richard Burr (R-NC), included an amendment to S. 3017 that would require the Director of National Intelligence to submit reports detailing the relationship between the Central Intelligence Agency (CIA) agencies and Hollywood. It would also require 15 other agencies to disclose the nature of their relationships with the film industry. These reports would have to be presented annually to congressional oversight committees.
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Sovereign Debt – What Could Go Wrong?

by Gary Christenson, Deviant Investor:
It has been reported that about $10 Trillion of sovereign debt “yields” negative interest. Assume total global sovereign debt is about $60 Trillion.
Therefore, about one-sixth of all sovereign debt has negative interest rates. This brings to mind a few questions.

1. Do negative interest rates sound absurd, even insane?
2. Would bankers and central bankers in 2012 have believed that interest rates could be pushed so low they actually went negative?
3. Does anyone see a problem with negative interest rates?

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