Man Fatally Shot During Traffic Stop In Minnesota, Governor Reportedly Evacuated

A man identified as Philando Castile, 32, was shot and killed during a traffic stop Wednesday evening in Falcon Heights, Minnesota that could spark yet another round of social unrest throughout the nation.

With Congress Set To Interrogate FBI Director Comey, Will His Hedge Fund Background Help Or Hurt

Having stunned even the most liberal of liberal media outlets with his seemingly unexplainable decision not to bring charges against Hillary Clinton (thus nullifying six criminal laws), FBI Director Jim Comey faces an oversight bloodbath today in front of the House Oversight Committee. However, what few may not know about the "deeply philosophical, religion major" is that he spent three short years (just enough for Dalio to realize 'value') being "probed" at the world's largest hedge fund - Bridgewater, peddling "radical transparency."

Get Ready for JPMorgan and Goldman Sachs to Get Yanked from the Dow

by Pam Martens and Russ Martens, Wall Street On Parade:
Yesterday, Wall Street mega bank, JPMorgan Chase, was the biggest percentage decliner in the Dow Jones Industrial Average, losing 2.79 percent. Goldman Sachs, another Dow stock, was third in line after Caterpillar, losing 2.56 percent. But that performance was absolutely mild compared to how other global bank stocks that aren’t in the Dow performed.
Morgan Stanley lost 3.55 percent; Citigroup shed 3.30 percent; while Deutsche Bank, a German bank heavily interconnected with Wall Street banks, that trades on the New York Stock Exchange, touched $13.34 intraday – its lowest share price in more than 30 years. Deutsche Bank closed the day at $13.40, down 3.67 percent. A U.S. unit of Deutsche Bank, which is designated a global systemically important bank (G-SIB), recently failed its stress test according to the Federal Reserve.
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As Redemption "Panic" Accelerates, Two More UK Property Funds Slash Value Of Their Property Assets

Legal & General's fund arm and F&C Investments both cut the value of their UK property funds on Thursday, as the industry seeks to stem a tide of redemption requests since Britain's vote to leave the European Union. More than 18 billion pounds of investor cash has been frozen in the last week as funds run by M&G Investments, Standard Life Investments and Threadneedle Investments, among others, suspended trading.

Why Citi Sees No Solution For The Italian Banking Crisis Any Time Soon

"Any state intervention will likely be small, in our view, confined to a very small number of lenders and broadly within EU rules. As such, it is unlikely to represent a decisive fix of Italy’s banking problems. Retail investors will probably be protected as fears of a severe market backlash and subsequent deposit outflows may prevail. Such a compromise may limit the negative political fallout for PM enzi, but increased concerns among households about their savings are likely to hit the already-dwindling popularity of the government in any case."

Dear Janet, What Now? Initial Jobless Claims Tumble To 43 Year Lows

While nonfarm and ADP payrolls data starts to roll over, along with The Fed's labor market conditions indicator, initial jobless claims re-plunged back to its lowest since 1973. A significant drop of 16k to 254k is the lowest - except for a brief April dip - in 43 years...

ADP Jobs Beat Expectations As Manufacturing Jobs Drop Most Since 2010

Following May's disastrous payrolls print, drastically below ADP's guess, expectations for June were already marked down from 173k last month to 160k (with a whisper number well below 100k as ADP 'adjusts' itself back to payrolls 'reality') but in a surprise turn, printed a better than expected 172k gain (revising May down modestly) suggesting as Zandi proclaims "last month's weak payrolls data was an outlier." However, both Manufacturing (-5k) and Construction (-12k) tumbled but Services-related jobs soared 208k miraculously.

Following Near Record Buying Spree, Gold ETF Holding Rise Above 2,000 Tons, Highest Since 2013

Holdings in bullion-backed exchange-traded funds rose 4.1 tons to 2,001.4 tons on Wednesday, data compiled by Bloomberg show. That’s larger than the alleged gold reserves held by China (in reality China holds far more gold but it willing to only represent a fraction of its official holdings) the biggest consumer and a consistent central-bank buyer in recent months. The latest increase followed the biggest one-day gain since 2009 in the SPDR Gold Shares, the largest gold ETF.

European Stocks Storm Higher As Bank Fears Subside; US Futures Flat

After yesterday's afternoon surge in US stocks, facilitated by the "uncertain" Fed's FOMC Minutes, today the rest of global market are playing catch up with European stocks rebounding from one week lows, snapping the longest losing streak in three weeks, as well as Asia where most stock markets climbed, led by gains among energy producers as crude prices advanced, while a stronger yen weighed on Japanese shares.

GLD ADDS AN ASTONISHING 28.53 TONNES INTO ITS WAREHOUSE: NOTHING BUT PAPER — SLV ADDS 7.909 MILLION OZ, ALSO PAPER!

from Harvey Organ:
GOLD AND SILVER RISE DESPITE CONTINUAL ATTACKS BY THE CROOKED BANKERS/IN EUROPE: PANIC IN THE BANKING SYSTEM: ITALIAN BANKS NEAR COLLAPSE/RENZI ATTACKS MERKEL IN A HUGE SHOUTING MATCH: ITALY WANTS A BAILOUT, GERMANY WANTS BAIL IN/2 MORE DOMINOES FALLS IN GREAT BRITAIN AS TWO FUNDS STOP REDEMPTIONS/RELEASE OF FOMC MEETING IN JUNE AND ALL THEY CAN SAY IS THINGS ARE UNCERTAIN!
For the July gold contract month, we had 4 notices served upon for 400 ounces. The total number of notices filed so far for delivery: 4023 for 402,300 oz or 12.51 tonnes
In silver we had 165 notices served upon for 825,000 oz. The total number of notices filed so far this month for delivery: 847 for 4,235,000 oz
Let us have a look at the data for July 6.
Read More @ Harveyorganblog.com

Gundlach: "When Deutsche Bank Goes To Single Digits People Will Start To Panic"

"Banks are dying and policymakers don’t know what to do. Watch Deutsche Bank shares go to single digits and people will start to panic... you'll see someone say, 'Someone is going to have to do something'." Jeff Gundlach said on Wednesday that gold remains the best investment amid fears of instability in the European Union and prolonged global stagnation “Things are shaky and feeling dangerous,” Gundlach said. "I am not selling gold."

"Incredibly Stupid" Juncker Opens Pandora's Box

Someone who’s not known to be overly bothered by accountability or integrity is everybody’s favorite wino, European Commission President Jean-Claude Juncker. But Juncker, whatever else may be wrong with him, is not a stupid man. And unless I’m gravely mistaken, he has just saddled the European Union with a problem that could well trigger its undoing.

China Warns Of "Price To Pay" In South China Sea

"there is a bottom line with every issue, and a price will be paid if that line is crossed."

Meanwhile In Greece, Homeless Family Of 5 Lives In Carton Boxes

“They tell their children that living in boxes is a game,

“Italian Government Collapse More Than Just A Possibility”

Four new polls show comedian Beppe Grillo’s Five Star Movement (M5S) ahead of prime minister  Matteo Renzi’s Democratic Party (PD) were an election held today. The next election will be no later than May 23, 2018. Renzi promised to step down if he fails a constitutional reform referendum later this year. The reform referendum will likely be held no later than this October.

A Furious Italian Prime Minister Slams Deutsche Bank As Europe's Most Insolvent Bank

Speaking at a joint news conference Italy's Prime Minister Matteo Renzi said "other European banks had much bigger problems" than their Italian counterparts.  "If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred."

A Period of Major Civil Unrest is Coming

from Liberty Blitzkrieg:
At this point I’d like to remind everyone that crime in the U.S. has been dropping since the 1990’s. So why has domestic police force militarization been growing exponentially since then? Ostensibly, it is for the “war on terror” and to keep us safe. In reality, we know this is bullshit. Just like the NSA’s unconstitutional spying hasn’t stopped a single terrorist attack, turning local cops into a domestic army hasn’t done a single thing to make us safe. To the contrary, it is creating an environment where the general public harbors increased resentment and skepticism toward police, and the police view the citizenry as the “enemy.” This takes the societal tinderbox that already exists and makes it downright explosive. Ferguson is just the latest example of the tension bubbling to the surface, but there will likely be many more in the future.
– From the 2014 post: “A Good Time Was Had By All” – The Obamas Dance the Night Away as Ferguson, Missouri Burns
Last spring, I highlighted the egregious and barbaric shooting of Walter L. Scott as he fled from a South Charleston, South Carolina police officer. In light of recent events, it’s crucial to recall the sordid details of this case.
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Trump: ‘On Nov. 8, Hillary Will Pay for her Sins’

“The voters are going to end her lying”
by Adan Salazar, Infowars:
Presumptive Democrat nominee Hillary Clinton is “guilty as hell” and is set for judgement by American voters come November 8, GOP candidate Donald Trump declared Wednesday.
Speaking to Breitbart News about the FBI’s decision not to recommend charges against the former secretary of state, Trump slammed the investigative process as “rigged.”
“It’s a totally rigged system,” Trump said about FBI Director James Comey’s announcement Tuesday.
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China to US: We’re Ready to Fight If Needed and Russia Has Our Back

by James Holbrooks, Underground Reporter:
Beijing should be ready to “let the US pay a cost it cannot stand if it intervenes in the South China Sea dispute by force,” an editorial in a Chinese state-run paper warned on Tuesday — less than a week before the International Court at The Hague (ICH) is set to rule on a territorial disagreement between China and the Philippines.
“China hopes disputes can be resolved by talks,” wrote the Global Times, “but it must be prepared for any military confrontation. This is common sense in international relations.”
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Venezuelans Swarm Past Border In Search of Food: “We Crossed Because Our Children Are Hungry”

by Mac Slavo, SHTFPlan:

Venezuela is reaching the point of total desperation.
Women are now pouring over the Colombian border in effort to get their hands on groceries, trading on the black market and doing anything to survive.
That suggests other means of coping in the economically besieged capital of Caracas are wearing thin, and the difficulties of managing ordinary life under food shortages and long ration lines are forcing people to turn to alternative means of combating hunger.
According to the Miami Herald:
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Study Shows that Primary Schools are Heavily Influenced by Junk Food Ads

by Anna Scanlon, Natural Society:
A new study by Cancer Research UK found that children ages 8 to 12 linked junk food with having a good time. The children also stated that television commercials for junk food made them hungry and left them craving the food on the screen.
Children from 6 UK schools were interviewed after watching 2 television advertisements for junk food to examine how the media both impacts the food choices of children and the link to childhood obesity. According to Cancer Research UK, children described junk food as “addictive” and “tempting” and stated that they could “lick the screen” when shown advertisements for unhealthy foods.
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Silver Is Going Crazy After Brexit. Here’s Why The British Aren’t Buying

from Compare Silver Prices:

The decision that is brexit came to pass in a dramatic fashion. In the aftermath, silver prices increased just 10%. While a considerable gain, perhaps not what some would have expected.

Polling stations closed. Results came in. Prime Minister David Cameron said the future of the country rests on the outcome. The President of France said the future of the European Union depends on the outcome.

The vote could not have been any closer. ATV News first reported a 75% probability of Brexit in the early morning hours in the UK Friday. “It’s the end of Britain,” some proclaimed.

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