I took a long walk on the boardwalk with my wife and mother last night, after a long day of packing, doctor appointments, travel, unpacking, food shopping and buying enough liquor to get me through the next week. I was confident the oligarchs had the Brexit vote rigged in their favor. I went to bed exhausted at 10:00.
I wake up this morning to global pandemonium. I just wanted to ride my bike on the boardwalk in peace, but Noooo. First it was raining, so I have to wait for the showers to end. Then I flip on the radio and hear about stock markets around the world crashing because the British people grew some balls and told their keepers to fuck off.
My first thought upon hearing the news was “Fourth Turning”. It’s all about the mood of the people in these countries. The establishment is constantly baffled during Fourth Turnings because they think their old methods of propaganda, fear and control will continue to work. They don’t realize the cyclical nature of history and how the current generational configuration will lead to earth shattering change and a complete destruction of the existing social order. Brexit is just another brick in the wall.
I also find it interesting that over the last month or so some of the most renowned investing billionaires in the world have announced their bearishness and had placed large bets on such an outcome. George Soros is the perfect example. He switched his position to shorting the market recently. Then he constantly blathered in the press about what a disaster Brexit would be for global markets. Then the captured legacy media convinced the world Brexit would never happen. When it “shockingly” happened last night, stock markets around the world crashed. Soros and his billionaire cronies made hundreds of millions in profits. Meanwhile, the poor schmuck with his 401k gets clobbered again.
Since I was 100% wrong in my prediction regarding Brexit, you can take my following observations with a grain of salt. But this is what I see:
- This further cements the coming showdown between the people and the establishment (politicians, bankers, mainstream media).
- The EU is dead. France, Italy and other EU countries will push for the same referendum and the people will vote out.
- The insolvent banks across Europe were never fixed. The central bankers just extended, pretended, and printed more debt. Bank failures will trigger further economic strife.
- The credibility of central bankers around the globe will completely disintegrate as their one trick pony method of easy money has proven to be an immense failure for the people.
- With the disintegration of the EU, the possibility of civil chaos and war with Russia goes up dramatically.
- It will be interesting to see if the Fed and their Wall Street banker puppeteers can stop the stock market from dropping by its destined 30% to 50%. The overvaluation is drastic and this could be the Lehman moment, or at least the Bear Stearns moment.
- The credibility of the corporate mainstream media has further disintegrated as they again have been revealed as nothing but propaganda mouthpieces for the establishment. Their anti-Brexit poll numbers were fake. They are not journalists, but cheerleaders for their corporate sponsors.
- The constant media bashing of Trump and cheerleading for Clinton will be disregarded by the silent majority in the U.S. Their polls and opinions can be completely ignored and dismissed. The people of this country who don’t live in NYC, DC, LA, or SF are pissed off. Their mood is dark. They want change. The only person who will give them change is Trump.
- I’m more convinced than ever that Trump will win the presidency in November. This is a Fourth Turning. The status quo never wins during a Fourth Turning.
Fourth Turnings never peter out. They intensify to a crescendo of turmoil, chaos, violence, war, and bloodshed. This Fourth Turning intensification just got turned up dramatically. It will eventually be turned up to 11.
Brexit: All The Latest News, What Happens Next And How To Trade It
Sterling drops, banking stocks tumble and peripheral EGB and credit spreads widen after the U.K.’s vote to leave the EU; verbal and direct intervention by central banks help currencies off earlier lows. U.K. PM David Cameron has resigned, announcing there needs to be a new prime minister in place by October.
MARKET MOVES: ALL ABOUT FX
- GBP/USD down ~8%, paring earlier slide of as much as 11%; liquidity returns as uncertainty dissipates with volumes around 50 times a “normal” session for the Asia time zone, traders in Europe say
- One-week implied volatility in GBP/USD up 2 vols; rose 21 vols to fresh record of 53.16% earlier
- USD/JPY briefly drops below 100 to a 2 1/2-yr low; CHF more than halves gains vs EUR after SNB intervened to stabilize the currency
- ZAR, PLN, MXN slide around 5%, leading declines among EM currencies
- WTI crude falls ~4% to $48.10
- FTSE 100 down 6%, Euro Stoxx 600 slumps 8.1%
- Yields on U.K. 10Y gilts drop 30bps to 1.07%
- Banking stocks RBS, Lloyds, Barclays shares fall more than 29%
WHAT’S THE LATEST?
- U.K. PM Cameron says will continue in role for three months, says the next PM will decide when to trigger article 50
- Central banks across the world pledge to take action as needed to avert any breakdown in financial-market liquidity
- Governor Carney says BOE well-prepared for Brexit, ready provide GBP250b of extra funds; adds central bank won’t hesitate to take additional measures
- SNB says it “intervened in the foreign exchange market to stabilize the situation and will remain active in that market”
- BOJ Governor Kuroda and Japan FinMin Taro Aso said central banks of six major developed nations have currency-swap lines at the ready to provide liquidity
- Central banks expected to ensure stability on Brexit impact, with BOJ expected to act more rapidly than others, UBS economist John Wraith says
- As first step, possibly there will be some verbal communication in form of “whatever it takes” to reassure the markets; then some reassessment will be required, UniCredit strategist Vasileios Gkionakis says
- BOJ likely to step in on a dip in USD/JPY below 100
- S&P says U.K. will be downgraded by at least one notch; says votes in Scotland and Northern Ireland ‘raise many questions’
- U.K.’s credit ratings would be quickly reviewed, “likely with a negative bias,” Andrew Colquhoun, head of Asia- Pacific Sovereigns at Fitch Ratings said before the vote result
- EU President Donald Tusk says EU determined to keep unity as 27-member bloc
- Brexit means U.K. can’t retain advantages of being in EU, French government spokesman Stephane Le Foll says on France2 TV
- There must be a referendum now in France, National Front party says in posting on Twitter, while Dutch Freedom Party Leader Wilders says “Time for Dutch referendum”
- JPMorgan executives say may need to change location of some roles, will maintain large presence in U.K.
WHAT HAPPENS NEXT?
- Govt paper on the process of withdrawing from the EU shows U.K. and union members will have 2 years to negotiate initially; period can be extended if all remaining 27 members agree
- “The EU procedures for leaving the European Union are clearly spelled out and will be applied. That creates reliability,” German Finance Minister Wolfgang Schaeuble says in e-mailed statement
- BOE may cut rates by 50bps by end August, JPM analysts including Malcolm Barr write
- TD Secs pushes back Fed rate rise to June 2017 vs Sept 2016
- Norges Bank is meeting to discuss Brexit result
- German lower house, or Bundestag, to hold special session next week to discuss fallout of Brexit vote; PM Renzi to hold meeting with central bank Governor Visco
HOW TO TRADE IT
- Goldman Sachs expects safe-haven currencies, such as CHF, JPY to outperform and EUR to underperform; European stocks to sell off sharply
- HSBC says risk-off behavior will dominate markets in near term; JPY, CHF and gold should rally; cuts GBP forecasts
- Citigroup targets 0.9% on 10Y gilts, say buying 30Y ASW spreads arguably offer best value as BOE QE may also start to be priced
- Continue to like 10Y bunds as outright long, move target to -0.40% after prior -0.1% goal was met, RBS strategists including Giles Gale write in client note
- UBS says 10Y Italy-Germany spreads to widen to around 185bps; Spain-Germany to 195bps and Ireland-Germany to above 110bps
So you think British equivalent of Joe the Plumber is more empowered now and will decide what is good or bad for UK? Good luck. Joe the Plumber lost his power years ago. I can spot that roadblock have been removed for Monsanto to make sure that every UK citizen eats GMO. A lot of them already do- restaurants sell unlabelled GMO imports from USA, groceries still labelled. But since UK is not part of EU anymore, why label? Transatlantic agreement will bring much needed GMO from USA, since Brits will be starving for food soon. UK already has Walmart trading as ASDA, so that will expedite things even further. I hope water fluoridation will become another hit in UK. After all almost all English speaking countries fluoridate water, so why do this exception in UK?
Immigration. Hell, Joe the Plumber was labeled in UK media as Polish most of the time. But soon people from former Great Britain colonies will replace the last remaining Polish person. UK was frequently ridiculed in USA media as Londonistan. Might be the media spotted right this grain of truth?
Brits deserve driving UK brand cars. Wait, there is none… UK was making such shitty cars, that auto industry died in UK. Sure there are Jaguars, Landrovers, Aston Martins, but owners of these brands are no longer Brits. Perhaps three wheel carssuch as Reliant Robbin will make a comeback?
The vote was division of power for politicians. There was no goal to bring power to the people. EVER. People were just pawns on chess board. They did their duty and now we are back to business as usual. Since Boris, USA born chap will be next PM, there is great deal of opening UK doors for USA. Medicine, GMO, all other “goodies”. NHS? Forget NHS. NHS is dead. Private insurance, American style medicine will be next. Benefits will be removed, precariat will replace medium class. Home evictions, low paid jobs with zero hour contracts will be the norm.
you think your NHS is going to get that 350 million pounds/month promised by a leave vote? farage lied and admitted it.
I’m torn on whether this is a good sign that folks are standing up against their owners or if it is just for show designed to make Soros and his pals richer, but I am 100% sure I approve of Admin inserting clips from Spinal Tap into his posts. I love that movie.
What Comes After Brexit
Brexit. Grexit. Departugal. Italeave. Fruckoff. Czechout. Oustria. Finish. Slovakout. Latervia. Byegium.
“The establishment is constantly baffled during Fourth Turnings because they think their old methods of propaganda, fear and control will continue to work.”
Those methods do work, but that’s the problem. That is why they are so out of touch. They’ve put each citizen into a box with a monitor to feed them propaganda. That works to keep them from being aware of how many people agree with them, and keeps them from spreading “bad think”, but it also ensures that the elites have no ideal what is happening inside those little boxes.
DFCtomm
You could not be more wrong if you tried. Your blindness is share by the bulk of the masses and that is exactly why we are in the shape we are in today. Get a clue.
Why am I wrong? Is it because Facebook isn’t censoring political content, or perhaps twitter? They’ve worked to isolate those who have opposing viewpoints, but when you silence someone, then not even you can hear what they say, and that is one reason why the elites have no idea what is going on outside their bubble.
just an obscure thought to all here in the balkanized usa anyone looked at Venezuela lately?
What seems most important there at this moment in time?
Hedge accordingly .
Can o beans is a Can o beans .
If , fourth turning , or any other POCB’s manipulation, um you cant eat, um , well ,good luck .
Whatever , just a cook lol
FYI I did construction work once upon a time ………… bout 6000 calories a day to break even .
GM
Beans and rice go a long way and at least you know how to cook them. Everyone does something, you cook. ?
thank you Bea ,
Once upon a time I was very , very , very frustrated with my profession? whatever,
So I said a prayer , asked for guidance, and grabbed the big family bible.
My prayer was what do I do with my life. SHOW ME!!!!!!!!!!
I was honest with my request. I would abide by whatever passage I randomly opened.
Passage read , Worry not what you do with your life, for someone has to feed the children .
I know not anything . But I fit in everywhere where people have to eat.
Cause ,when it gets right down to it , I can cook like no ones business lol .
So , I worry not anymore , for I feed the children , and it is the most honest ,satisfying , meaningful , work that I actually do well at .
Still working on making viable insulin , stuck at the impurity phase , but dammit I am close !
Just rambling for a minute be well all .
That’s why I firmly believe in people investing in some level of self-sufficiency. Neighborhoods and communities should do the same. I remember the prophetic words of my grandfather when he spoke against getting rid of the small slaughterhouse/butcher shop in his small town: when we have nowhere to process and sell our food locally, how will we have the means for the whole town to eat?
Globalization has taken away the means of local self-sufficiency from people around the globe…it has been done “for the children” and in the name of “progress”; it really was about making us all dependent on the state and on large corporations, which we were all then encouraged to “get rich” investing in, which we were all encouraged to go to school and learn about how to be workers for at the expense of those jobs “no native will do” (and thus were given over to large corporations that hire immigrants, often illegal ones).
But money and valuables will not feed you, and neither will an MBA.
It’s good to be book smart, but it’s also good to know how to do some rather common things and how to achieve calluses on one’s hands, how to barter correctly with your neighbors. People should perhaps invest more in that (and teach their kids to do so too).
The Repubs said the same thing about Romney…the polls don’t matter, the polls be damned! They were all so sure he would prevail that Bush’s idiot Rove humiliated himself on FOX declaring victory despite all the evidence to the contrary and Romney didn’t even have a concession speech prepared in advance. The real problem with our country is that people don’t learn from history or their own mistakes. They just keep on doing the same things over and over…Brexit is not a good example of the polls being wrong. The polls were so close that most people including prognosticator Sam Wang who predicted all 50 states correctly in 2012, said it was too close to call. Ignore the polls at your own peril!
Dear readers, so you don’t think that Socialism and Fiat Currency is the great destructive forces that I have preached about? Forces that destroy a civilization most thoroughly. Forces that are born in iniquity. Forces that tear down the cooperation between people. Forces that lead to immorality and lawlessness.
Then read this from the Daily Coin about Venezuela.
http://thedailycoin.org/2016/06/25/they-are-putting-armed-guards-on-food-trucks-in-venezuela/
Stop living your life with your ‘eyes wide shut’.
It is coming to America! There is still time to prepare.
Everyone thinks that tomorrow is going to be the same as today. That if change comes it will be just a minor inconvenience. That’s what the Venezuelans thought yesterday. Your greatest danger is complacency. Think and think, hard.
When I was in grade school a mother said to the teacher, “If my son acts up, hit the kid in front of him, that will scare him and he’ll straighten up and act right.”
It much better to learn from the mistakes of other and watch their torment and choose wisely rather than experience it (the mistake) first hand. I’m talking about Venezuela, here.
At what point in the cooking process is the goose that laid the golden egg, dead? I’m talking about Free Marketism, (mistakenly called Capitalism), here. Venezuela’s goose is cooked! They were warming up the oven, when they thought that Socialism was a good idea.
You get my drift?
Homer
I’ll bet you would be hard pressed to find many people who could imagine Merika in the same shape as Venezuela at this time. They believe grocery stores will always be filled to the rafters and war happens only on tv and in the movies. I hope they are right.
The UK will not leave the EU.
Trump will not be president.
On an astrological note.,..Populist Pluto has been in Capricorn for years now, and I have long forgotten the list of changes a friend and I made in a notebook – trying our hand at predicting the list of victims from this all consuming wrecking ball for change. All people in all places will be driven to the same ends. DESTROY the status quo.
Pluto – the collective psyche -in Capricorn [at 17+ degrees now] – is a worldwide movement driven by individual acts
to
1. retreat to nativist boundaries
2. war on the “other”
3. destroy traditional governments, corporations and churches
4. ready the planet for a cull of humanity
5. war on robotics
Within another 13 degrees, about 2023 – the Aquarian age begins – which like Solomon, will ax excess populations in favor of balance between species… there is nothing Kumbaya about Aquarius… it is an icy, resolute, absolute adjudicator of planetary imbalance.
Pluto cuts a swath of destruction in everything ruled by that sign. Google Capricorn… you will see the list of things ruled by that sign.
Governments, monuments, churches, the state, corporations, the list is pretty lengthy… but also Saturn rules Capricorn so it will also be a time of scarcity… shortages.
It doesn’t matter if you are doing laundry in a Javan river, biking to school in Glasgow, or picking berries in the Ecuadorian highlands…. you will be angry at your local government, finished with the religion you have been taught is absolute, and will seek out and destroy any CORPORATE influence in your sphere. And instead of building – monuments will be eviscerated.
And dynasties.. family or otherwise – GONE
the list for things destroyed by Pluto transiting Capricorn is lengthy… if you’re interested – the first few aren’t the best… make sure you click on several in the later pages… remember these are all amateur astrologers… some post for $$$ ..
But Astrology is a self regulating industry… if you take money.. you don’t have the ‘gift’. What a nice touch, eh?
This handbook for humanity is out there… give it a look see… click on several and pick up a taste for what’s coming.
https://www.google.com/#safe=active&q=list+of+things+ruled+by+capricorn
and HERE … are the various predictions of what a Pluto Transit Capricorn world will look like
https://www.google.com/#safe=active&q=pluto+transiting+capricorn