This Is How Venezuelan Truckers Avoid Looters

WeTheSheeplez Blog Post #4002...

You know it's bad in the socialist utopia when...

Why The Collapse Of The U.S. Economic & Financial System Has Accelerated

by Steve St. Angelo, SRSRocco Report:
The collapse of the U.S. economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing the nation, so they continue to believe business as usual will continue indefinitely.
Unfortunately, lousy reporting by the Mainstream media along with the public’s denial and delusional thinking is a recipe for disaster for most Americans over the next several years.
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'Ignorant Masses' Warn 'Elites' - "Go Ahead, Rise Up... But Be Careful What You Wish For"

James Traub’s call is for the ‘elites’ to rise up against the ‘ignorant masses’. Yes, indeed, please do. But be careful what you wish for. You just might discover that we are having the very same argument had between Thomas Jefferson and Alexander Hamilton at the beginning of the Republic.

What Is Driving Today's Market Surge: JPM Explains

The simple - and only - answer, is of course central banks. But for those who need a more "nuanced" answer to present to their portfolio managers who are watching this market move in stunned silence, here is JPM's Adam Crisafulli with the full breakdown of today's latest 1% move higher.

Global PPT Swings From "Easing Actions Are Backfiring" To Double Central Bank Bazookas In 3 Days

Sunday evening, as the world watched the fallout from what "Remin"-ers said was the end of the world, The BIS warned that central bank 'easing' actions "have started to backfire" and explained what little could be achieved with further stimulus. Three days later, first The Bank of England and then the European Central Bank both unleashed fresh bazookas as The PPT to save the world swung into action to rescue stocks and the all-important global wealth effect. Yet again - no consequences for anything will be allowed...

The ECB Admits: "We Are Concerned About The Shrinking Pool Of Eligible Debt"

• ECB SAID TO WEIGH LOOSER QE RULES AS BREXIT DEPLETES ASSET POOL
• ECB OPTIONS SAID TO INCLUDE MOVING AWAY FROM QE CAPITAL KEY
• ECB SAID TO BE CONCERNED ABOUT SHRINKING POOL OF ELIGIBLE DEBT

World's Most Systemically Dangerous Bank Crashes Back To Record Lows

Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed's stress test for the second year running and been diagnosed by The IMF as the world's most systemically dangerous financial entity, the giant Germanbank is getting slammed down almost 4% today, back near record lows as its 'Lehman-esque' path to devastation continues.

UK Stocks Soar To 10-Month Highs, Gilt Yields Record Lows After BOE Announces More QE

UPDATE: U.K.'S FTSE 100 CLOSES AT HIGHEST LEVEL SINCE AUGUST ON BOE
With BoE's Carney hinting at moar easing over the summer, cable is diving (plunging back down to a 1.32 handle) and UK Gilt yields plunged to new record lows at 87bps...

Credit Suisse Raises Gold, Silver Price Targets To $1,500; $18.75, Sees "Significant Physical Deficit"

Just days after Goldman threw in the towel on its bearish gold call, the gold bulls are crawling out of the woodwork and none has been more vocal than Credit Suisse which moments ago hiked its gold price forecast to $1,500 which the world's 3rd most systematically risky bank expects the yellow metal will hit in the first quarter of 2017.

Mark Carney Speaks, Says BOE Will Likely Ease Monetary Policy Over The Summer - Live Webcast

• BOE CARNEY: SOME MONETARY POLICY EASING LIKELY OVER SUMMER
  
• BOE CARNEY: MPC WILL DISCUSS FURTHER POLICY INSTRUMENTS IN AUG
  
• CARNEY: BOE MPC INITIAL ASSESSMENT JULY, NEW FORECASTS AUG IR
  
• BOE CARNEY: FACES TRADE-OFF STABILISING GROWTH, JOBS, OUTPUT

IMF Warns Brexit "Uncertainty" Means "Even Lower Growth" For UK, EU

“Brexit has created significant uncertainty and we believe this is likely to dampen growth in the near term, particularly in the U.K. but with repercussions also for Europe and the global economy. Prolonged periods of uncertainty and associated declines in consumer and business confidence would mean even lower growth”

Is Europe In Trouble Again: Hints Of Portuguese, Italian Bank Bailouts Suggest Not All Is Well

Is another major bank bailout event on the horizon? It appears so. And Italy may not be alone. In comments that were little noticed yesterday, Germany's Schauble said that Portugal may see another bailout too, saying "It would have to apply for a new program, which it would get. But the terms would be severe and it is not in Portugal's interests."

Who's Next To Exit? France... Or Maryland?

"If we had our druthers, we would exit from almost everything. The U.S. would LEAVE the Mideast, NATO, the UN... and all the “foreign entanglements” General Washington warned us about. At home, we would exit the War on Poverty and the War on Drugs. Then, Maryland would withdraw gracefully from the United States." But wait. There, standing at the prison gate, a Taser in one hand and a billy club in the other… is Hillary Rodham Clinton. “Stronger together” is her new campaign slogan. “And more easily controlled,” she might add.

Bill Clinton Holds 'Private' Meeting With Loretta Lynch As FBI Probes Hillary

"Our conversation was about his grandchildren. It was primarily social and about our travels. He mentioned the golf he played in Phoenix, and he mentioned travels he'd had in West Virginia. There was no discussion of any matter pending for the department or any matter pending for any other body. There was no discussion of Benghazi, no discussion of the State Department emails, by way of example..."

S&P Downgrades European Union From AA+ To AA - Full Text

On June 30, 2016, S&P Global Ratings lowered its long-term issuer credit rating on supranational institution, the European Union (EU), to 'AA' from  'AA+'. The 'A-1+' short-term rating was affirmed. The outlook is stable.

Making The Case For $12,000 Gold & $360 Silver

by Steve St. Angelo, SRSRocco Report:
Global Financial Assets are more inflated and propped up than ever.  According to the most recent figures published by The City UK Fund Report, total Global Conventional Assets under management topped $105 trillion in 2014.  That’s one hell of a lot of future PAPER CLAIMS.
Unfortunately for most investors, the majority of these supposed assets will evaporate into thin air from where-ith they came.  Bubbles were designed for children to make and play with… not meant for adults to use in the financial industry.
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How Vulnerable is the Shaky US Economy to Brexit Fallout and European Bank Meltdown?

by Wolf Richter, Wolf Street:
Business optimism “lowest since the height of the Financial Crisis.”
You know things are getting bad when our leaders call for calm. US Secretary of State John Kerry just did that.
“It is absolutely essential that we stay focused on how in this transitional period, nobody loses their head, nobody goes off half-cocked, people don’t start moving on scatter-brained or revengeful premises,” he told reporters in Brussels on Monday after Brexit had thrown the EU into political turmoil, while European bank stocks had their worst two-day meltdown ever, on the toxic mix of Brexit and a full-blown banking crisis.
And all kinds of things are suddenly happening.
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The 9 Most Popular Foods, Drinks and ‘Medicines’ that Cause Chronic Disease by Destroying Good Gut Bacteria

by S. D. Wells, Natural News:
Would you drive up to a gas station and purposely put diesel fuel in your new car, knowing that it would break down, possibly within days, even though diesel is still “fuel?” If your garden was growing beautiful, organic vegetables, and you woke up one morning and saw hundreds of little bugs crawling on your produce, but they hadn’t eaten it yet, would you spray everything with toxic bug killer, try to rinse it off afterwards, and then still eat it and feed it to your kids?
In the first example, once your car burns up the regular gas and starts using the diesel, the engine will shut down. Plus, the longer the wrong fuel stays in your car’s system, the more damage it does to the engine, the fuel system and the injectors. In the second example, the toxic bug-killer is going to soak into most of the food, especially anything leafy or of the “dirty dozen,” which have porous outer coverings; therefore, washing them off does virtually no good.
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Turkey Needs NATO To Defend Its Borders With Syria After The Terror Attack – Episode 1010b

from X22Report:

What is the government preparing for, many individuals have spotted UN trucks being shipped and FEMA is preparing for food shortages. Merkel says the EU will extend sanctions on Russia over Ukraine. Ukraine moves military equipment up to the contact line. NATO double the number of troops and military assets near the Russian border. Putin has conversation with Erdogan and lifts sanctions. Turkey’s false flag bombing is now blamed on the IS, Turkey calls in NATO to guard its borders using air patrols. CIA director says attacks will happen here in the US. Be prepared for upcoming false flags.

A Socialist Les Miserables in Venezuela

by Tim Brown, Freedom OutPost:
A mob of starving people advanced on the presidential palace chanting, “We want food.” They were met by soldiers and police dispatched by the tyrant from his lavish palace decorated opulently with a golden sun, giant rock crystal mirrors, sparkling chandeliers and towering oil portraits.
The scene wasn’t 19th century France, but 21st century Venezuela.
And if you are wondering why you haven’t seen it on the news, it’s because Venezuela is a Socialist disaster area that was once being used as a model by the left. Now it’s a place where the vast majority of people can’t afford basic food staples and a third are down to two or fewer meals a day.
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Scathing New Report Shows Just How Bankrupt Social Security Really Is

by Simon Black, Sovereign Man:
Last week, a group of analysts published an astonishing report about the future of Social Security in the United States, and their remarks were nothing short of damning.
According to their calculations, for example, these analysts claim that Social Security is already running a huge deficit to the tune of tens of billions of dollars each year.
In fact, this Social Security funding deficit has been taking place for several years now, and it’s actually accelerating. So the problem worsens each year.
According to the analysis, the astounding rise in Social Security recipients vastly outpaces any growth in tax revenue received into the program. And this trend will continue for decades.
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The Elites Have Lost the Right to Rule – Part 2

by Michael Krieger, Liberty Blitzkrieg:
In the end, the elites will be overthrown and a power vacuum will form. The transition period will be extremely difficult as the elites will fight their demise to the end. For you see, they care nothing for you they care about their power and control. Nevertheless, rulers have always only ruled by the will (or apathy) of the people and when the people become overly taxed and abused they always rebel. The main thing to think about is what kind of society do we want to rebuild from the ashes. I am of the view that it must be a return to the Constitution and an elimination of central banking power and secrecy. Let’s not fall for a demagogue or be pushed into a war when things are at their worst.
– From my 2010 post: The Elites Have Lost The Right to Rule
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EU Diplomat Reveals Why BREXIT May NEVER Happen!

from The Money GPS:

Four Ways to Sabotage the Brexit Verdict – Jeff Nielson

by Jeff Nielson, Sprott Money:
The Brexit vote will be rigged.
Regular readers saw that prediction in a recent commentary . The reasoning behind the prediction was straightforward.
The oligarch puppet-masters who control our governments would not/could not allow “Brexit” to succeed. In specific terms, it would spell the death of the EU, as other EU members would be inspired and empowered to undertake their own secession. In general terms, it would lead to more “dangerous thinking” by the People: further/greater initiatives to take back the control of their own nations.
We have seen the Puppet Masters resorting to election-rigging on a more and more frequent basis, as was spelled out in that previous piece.
Rigging the Brexit vote is (was) the easiest way to thwart the will of the People.
However, while that thinking was sound (as far as it went), in hindsight it now appears somewhat naïve. Yes, preventing Brexit is an absolute priority for the oligarchs, but there are many ways of avoiding this outcome despite the “Leave” vote. Yes, election-rigging has become a popular means of sabotaging what remains of our democratic process, which may be precisely why they decided against such a blatant form of political fraud in this scenario. Everyone was watching the Brexit vote. Yes, rigging the vote would have been the easiest way to frustrate the will of the People – but perhaps not the best way.
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Fast And Furious 2.0 — CIA Weapons Destined For Syria “Stolen” — Used To Murder Americans

by Justin Gardner, Activist Post:
If invading countries and drone bombing innocent civilians were not enough to promote death and destruction in the Middle East, the U.S. is also helping to flood the region with small arms.
As part of its effort to foment regime change in Syria, the CIA has been buying Kalashnikov assault rifles, mortars and rocket-propelled grenades in Eastern Europe for delivery to “moderate” Syrian rebels. However, it’s been revealed that truckloads of these weapons are being systematically stolen en route to the rebels.
The stolen weapons were then sold on the black market in Jordan at bazaars in Ma’an, Sahab, and in the Jordan Valley. Those involved in the theft scheme, worth millions of dollars, used the profits to purchase expensive SUVs, electronics, and other luxury goods.
It is also believed that some of the stolen weapons were used to kill two Americans and three others at a police training facility shooting in Amman in November.
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