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
by Jesse
BBC Calls the Election: LEAVE It Is – Gold Spikes To $1350, Silver To 18.20, SP Futures Down 90
I have been watching a live stream of the BBC, and they just called the election for ‘Leave.’
The most repeated phrase of the evening from the professional class has been ‘this is a wake up call’ for Westminster.
Wake up calls may be the order of the day for the status quo.
The politicians are shocked, shocked that the people have rejected the advice, arguments, and warnings of ‘the experts.’
Some ‘very serious people’ are wondering what this means for the future of the EU.
And as always, they never saw this coming.
Gold is trading at 1334, silver at 18, the SP stock futures are down 90 points, and the FTSE futures are down 8%.
The map below shows the support for ‘Remain’ was centered primarily in the southeast which is London and in the north in Scotland. The huge majority for ‘Remain’ in Scotland raises the prospect of another referendum there for independence in order to remain in the EU.
I wonder if the professional establishments of the West will continue to misjudge the depth of the dissatisfaction of the public, counting on their complacency to maintain the status quo.
The November elections in the US may be another interesting situation to watch closely. The smug sense of complacent entitlement of the Democratic National Committee and their anointed one is striking.
The vote is not legally binding. New elections may result in the government refusing to implement the exit. The fat lady has not sung on this yet. I would expect the leaders to do all they can to subvert the vote.
But then they cement their future. You disregard the people and you have a Turning and it will be unpleasant…. People a fed up with the “stay calm we have got this” shit. People are flat out fed up with being told this will be good for you, it’s for the best and now is not the right time. People want to overthrow and they no longer listen to news and papers telling them what to think.
Maybe this is an awakening from the slumber….. and if it is the “worker bees” will swarm anyone who wants to contain them.
llpoh,
I can definitely see that happening, the presstitutes will go into full shaming mode, they will roll out the equivalent of “cancer-ridden children” to pull at the heart strings and there are no doubt teams of legal experts working to justify why this is verboten.
They will not give up their power without fighting more, a lot more.
but kudos to the Brits who voted in favor of sovereignty.
“cowardice demands tyranny”
I checked the Dow Mini Admin, down-524 right now an falling.
Why would the Brits get balls now? Never had balls before. Black Friday today for global markets.
Burn Baby Burn!!!!!!!!
Now, if only I could get my trading account to allow me to log in,
no such luck. “please try again in 10 mins” is the standard answer for all the little folks during these exciting times.
By the time I can log on, the party will be over.
remember, this is all planned.
your savings go to the elite during these swings.
Can the bots and the plunge team save this giant flaming turd?
Start popping the popcorn.
500 points on the Dow isn’t a plunge. It’s not even a stumble. Best comment I’ve seen “markets have tumbled to levels not seen since last week.”
My portfolio is nothing but line drawings, so this hasn’t affected my portfolio at all. How to trade it? With pokemon cards.
My son wanted to know where his Yugi-oh cards were stored. REALLY? I’m ashamed I every bought the damn things much less store them somewhere as if they had any value.
wow, gold and silver are each up about 4-5%
nice
@ harry:
In Your opinion: Do you think this would be appropriate to take some profits out of PM’s for cash? Or just hold on and see what happens?
I would definitely consider deleveraging some positions in PM stocks to take advantage of the spike but I personally wouldn’t sell physical metal.
just my $0.02
Tim;
Hold – Don’t fold!!!
How long before the US Supreme Court can declare the BREXIT vote invalid?
Aren’t they the boss of everything?
No that would be Obama.
I think this comment sums up the whole disgusting state of affairs. However, let’s follow proper procedure: first bring it to an Obama appointed Federal District Court Judge in California who will rule the election invalid because the voters chose wrong. Then to a 9th Circuit Appeals Court Judge who will say native born Brits should not have been allowed to vote. Next a three Judge panel will rule that all Syrians wishing to go to the UK should have voted by mail. Then the 9th Circuit rules en banc that the metropolitan areas should have double voting counts. Finally SCOTUS rules 5 to 4 with Obama temporarily replacing Anton S. as consented to by the Senate that the Brits need to follow the command of Samuel L Jackson in the inspiring 2012 commercial: STFU and vote as Obama tells you.
“With the disintegration of the EU, the possibility of civil chaos and war with Russia goes up dramatically.”
Disagree – I take the opposite view, as the existing Establishment has shown aggressive actions toward Russia, and also with Russia actually fighting ISIS while the West alliance has been supporting ISIS to get at Assad.
Our big hope is Trump to kick ISIS ass and embrace relations with Russia.
https://www.rt.com/usa/343716-le-pen-clinton-president-danger/
Agreed. If a NATO country leaves the EU — they are still part of NATO. And it’s NATO —err, ‘Murika — which holds those cards.
A European “disintegration” will be chaotic, and yes, chaos often leads to war. But, no weak and pussified Euro country can possibly be stupid enough to make war with Russia. Can they??
Don’t underestimate the Germans in the desire to do so. It will very much depend upon whether or not their current crop of elites get to stay in power, and that could go any way to Sunday with this political climate.
Merkel has in recent months called for more money to be spent on their military — and who knows where they might point it. This is of course the easy way out for their elites, and a way forward that they feel might keep them in power for just long enough, which is all they really care about.
I’m hoping the German people can toss them out and decide to allow a sensible nationalism which protects their national interests (like no more wholesale immigration and no more predatory politico-economic manipulations of the rest of the continent — much of the German economic success as of late has not been based on getting better at what they do, rather relying on the Euro/EU to dominate markets; they need to get back to what got them success after the war, their industrial-economic sector has gotten increasingly sclerotic), and fear that they will not.
“Don’t underestimate the Germans in the desire to do so.”
That’s quite a statement, Jenny! Especially considering that upwards of 70% of German casualties and loss of military equipment in WWII came at the hands of the Russians. Surely, they couldn’t be THAT STUPID again! Well, apparently so …
1. “German media reports confirm Germany is changing its doctrine in a way that paves the way for war with Russia.”
2. “German news magazine Der Spiegel urges war against Russia”
https://www.wsws.org/en/articles/2016/02/25/spie-f25.html
Goddammit, how can such an intelligent people be so goddamned STUPID???
My hope is that the disease is only with the German politicians — like our own John McCain, and ilk — and that eventually the Volk (people) will rise up and hang the war-mongering cock-sucking bastards.
Kokoda. Dead on. That was my only quibble. Kagen and Crystal and Rubin and Summers ‘american project’ is withering on the vine. The neo-lib/neo-con monkey grip on the world is about to get tossed. Britain ain’t Greece. Tensions with Russia will de-escalate. Our part of the world is about to become the lifeboat. Anybody ascribing to the ‘international man’ blather might start looking at what price physical assets in 3rd world countries might really be worth the day we stop the printing presses. I know some people that are oblivious, and will lose their shirts.
Brexit: Dawn of a Populist Uprising
NEXT; kick out the Islamist parasite rapists, kick out the UN/IMF Trojan horse, abandon the US puppet NATO and TAKE your guns back.
We need to know what direction Gartman was trading before this went down?
Soros and Lord Rothschild warned the British Pound will devalue by 20% if there is a Brexit.
Big money made in FX as a result and you can bet Soros and Rothschild will be first to the trough. This is how they do it, only schmucks leave their money where these pirates can rape them.
I stand corrected! Good for them and bad for Hitlery. This is only the beginning. The PTB have vastly underestimated how pissed-off the people are. Hopefully the momentum will continue until November and we will be rid of the Clinton Crime Syndicate once and for all!
I’ve been looking down on the Brits and losing respect for them for years now putting them into the degenerate category.
But I gotta admit, they just took a step up in my eyes and I’m beginning to change my attitude about them.
The British people themselves anyway, whether that will extend to their government depends on how they accept and deal with the will of the majority.
by Karl Denninger
Boooooooooooooom!
My God, it’s full of….
It’s about damn time someone took their nation back.
Today, it begins. May it not end here but rather be the beginning of the end of the “multiculturalists”, “border-free freaks” and, most-importantly, the cabal of central bankers who think they run it all.
Take that, Brussels and Draghi.
Take heed, Yellen.
We are locked up in the futures as I write this, limit down. Listen to the talking heads, did you, buy into the rally, did you? Well, you’re officially screwed blind — you can’t hedge, you can’t do anything except wait for tomorrow morning and pray the /ES doesn’t gap down another 100 handles on the open — which it very well might. On margin, are you? You’re dead and buried — congratulations. This time I will not weep for you.
Unlike in 2000, or even in 2008, instead this evening I cheer.
You deserve it.
It’s time for a nice adult beverage… and a toast.
Is it possible that George Soros had the election rigged to ensure him of his million$?
Good question. If he dumps his short position before Parliament votes to remain then you have your answer.
http://www.breitbart.com/london/2016/06/24/brexit-soros-defeated-act-god/
Sweet—woke up about $4,000 better on my gold stacks and over $10k to the good on my silver stackers. I expect a pull back and Soros and others to skim off their quick profits, but I still see a nice little surge in the right direction.
I’m holding pat for the long haul anyhow but if other EU nations follow the Brits, I may actually retire from formal, 40 hour a week working by the time I’m 60 after all…Come on Italy and France!! Freedom, Freedom, Freedom !!!
AmerExit in November.
“To everything, Turn, turn, turn,
There is a season, Turn, turn, turn…”
What wonderful news. Lets hope the EU breaks apart in short order, then we in these United States follow suite. Both are evil central goobermints stealing power and wealth from the people.
NEXIT is next, of course.
But, as a native Floridian, my goal is Floridexit, SECESSION from the United State_ and self-determination. Leave them with their debt.
David Cameron gets it, tendering his resignation so someone else gets left holding the shit when it hits the fan.
Soros looks set to make a killing on Brexit result
By Mark DeCambre
Published: June 24, 2016 9:59 a.m. ET
Reports have suggested that Soros is bearish on stocks
Bearish bets by George Soros are panning out in a big way Friday.
George Soros may be getting rich on an implosion in British markets—again.
The landmark vote in the U.K. to leave the European Union has rocked global markets, sending the British pound GBPUSD, -7.1938% to its lowest level in more than 30 years. Futures for the Dow Jones Industrial Average DJIA, -2.28% plunged as much as 700 points at one point and Europe’s benchmark stock-index SXXP, -5.29% was facing its worst one-day plunge since 1987.
Read: MarketWatch’s recap of the Brexit vote
It is precisely the scenario Soros, writing in Britain’s Guardian newspaper last week, warned of. The global financial carnage and Friday’s tumble could be adding to the wealthy investor’s bankroll, if reports are true.
Soros is famous for breaking the Bank of England — and lining his pockets — in 1992 with his bet against the British pound, which resulted in Sterling’s ejection from the European exchange-rate mechanism.
Soros Fund Management, which manages some $30 billion for Soros and his family, has been scooping up gold assets and placing wagers that stocks will tumble, according to The Wall Street Journal in an article dated June 9.
On Friday, gold futures GCQ6, +4.12% stampeded to their highest level in two years in early electronic trade. Although they’ve cooled somewhat, the yellow metal was still at $1,328.20 an ounce. It has drawn safe-harbor bids due to investors’ worries that the so-called Brexit, or British exit from the EU, could destabilize Europe’s trade bloc.
Soros bought some 19 million shares in gold miner Barrick Gold Corp. ABX, +4.81% in the first quarter, according to recent public filings. He also bought a large stake Sliver Wheaton Corp. SLW, +1.68% a silver-focused mining firm.
Soros may not be the only prominent investor making out like a bandit.
Duquesne Capital’s Stanley Druckenmiller, a former Soros associate, and Paul Singer, head of hedge fund Elliott Management, have been advocating buying gold to guard against market shocks.
Soros’s exact positioning isn’t known because his public fillings only offer a snapshot of his long investments. The SEC requires any institutional investment manager with positions of at least $100 million to reveal all long stock positions held at the end of each quarter.
I would like for Soros to slip on a banana peel or something…
We hear his name every five minutes…either he is funding
some riot, or a disruptive NGO, or he is “making” money on market
manipulations. He should have enough $ to start his own bank
now. I wish he would vaporize.
Brexit is clear evidence that the global social mood trend has turned decisively negative for the first time since 2007-2008. Perhaps it signals an important stage in THE Fourth Turning -at the least, it is a precursor of changes to come. Since this movement will be in the form of a wave, this is not a one-off change. It will play out in stages over time — there will be flows and ebbs. It will consist of a progression through a number of stages along the way to some significant catharsis/resolution of the collective tide of negative emotions that have welled up. Change is in the air, and don’t things feel…different…?
God save the queen! I mean Milo, of course.
I was watching the vote and the resultant commentary well into the early hours this morning, mainly flipping between CNBC and CNN. The propaganda is already prepared and will only be ratcheted up by a factor of 10.
CNBC – We didn’t expect the outcome but no worries the BOE, ECB, IMF, and Fed Res. have known this vote was coming for 2 years and they have contingency plans in place. All will be ok soon and nobody else should dare think about following the UK’s lead.
CNN – The people who voted leave are the poor and uneducated. The only reason they voted leave is because they are a bunch of islamaphobes and racists that are narrow minded (this went on with every interview by Christina Anapour who had center CNN stage for several hours).
Glancing at comments following several MSM articles the overwhelming majority of commenters of average joes and jills are all for the BREXIT and stand behind the Brits.
Yup. They characterize Trump voters the same way, poor, uneducated, backward idiots. How dare they think they have a voice! (We should shut up, stay home and be very afraid)
I’ve not seen many news comment about how Brexit may affect NATO?
So, I will pose the question to you guys/gals: what do you think?
[img
[/img]
BEWARE CLINTON THE STEAMROLLER OF THE PEOPLE HAS JUST TURNED ON THE ENGINE!
Look at that Admin, you take a short break and freedom breaks out!
Guess that forcing countries to take a bunch of rapist, goatfucking towelheads didn’t work out so well for the new world order. Death to the new world order!
I made sure I watched Squawk Box on CNBC this AM. Was it ever worth it. Joe Kernan was gloating as Andrew Ross Sorkin sputtered nonsense. Finally CFR head Richard Haas made an appearance. This establishment kingpin was spewing invective, saliva and venom until his whole countenance came to resemble a rattlesnake. Rick Santelli had to be brought on to announce the Durable Goods data ( a decline!) and was preparing to go off camera when Kernan couldn’t resist asking Rick what he thought. It was epic! Santelli launched into a wonderful denunciation of Central Bankers and shouted out it was “Arreviderci Baby” for them now!
Do you guys really think the owners/elite spent the last forty years moving toward world government with the formation of the EU and North American union etc . (Europe using a common currency -Euro)) only to let a referendum voted on by a bunch of pussified Brits to implode the whole effort? Uh huh…..sure.
The referendum doesn’t mean shit in the great scheme of things as they (owners) decide your governance, not you. This is about soothing the pissed off masses and theft of their money out of the financial markets.
I said as much over on the QOTD thread. Too lazy to post it here…….got shit to do!
Wrong overall…tho technically it means nothing. Emotionally
it stirs the soul and launches imagination…it is the first positive
news people have heard since ages. The Brexit symbolizes a
defiance…and a “me too” thinking set. However few changes
happen “overnight”. We can have a little hope that more changes
will transform the agenda. More defiance of the rulers…the elites?
Who cares.
The view from Moscow.
====================
The British Vote to Leave the EU Isn’t Against Europe
It’s against the wars of Barack Obama, Angela Merkel, and every serious newspaper in the world as we used to know it
“Since the US started the regime dominoes falling in Kiev in February 2014, the Polish regime has already toppled, and the French one is doomed – President Francois Hollande will be defeated by every one of the candidates now running to succeed him, including Marine Le Pen of the National Front. The British Prime Minister David Cameron can postpone his day of reckoning, but on the margins of Europe, not inside. The German Chancellor Angela Merkel has less time, fewer supporters. When Merkel topples, she will take the European Union (EU) into the shambles with her.”
Geographically, Brexit is a vote against invaders along the entire shoreline of the island save for Liverpool; Cardiff; the upper-class neighbourhoods of Plymouth and Exeter; and Brighton. Excepting also Scotland — but there the Remain vote turns out to be a vote to be in Europe, independent of England. If the Scottish referendum were to be called again now, the Scots will vote to leave the United Kingdom and accede to the European Union. Like Crimeans from the Ukraine.
In Cornwall, where Cornish independence awaits revival, the vote against Europe – 56.5% to 43.5% — is a vote for Cornish independence of London. The smaller margins for Brexit in Wales (5 percentage points) and in England (7 points) say the same thing, with less conviction.
The political sociology of the Brexit victory is much more than the revolt of the British working-class against international capital in London, though the Financial Times and the red rags are right about that much. The think-tank towns (Oxford, Cambridge, Exeter, Warwick, Bristol) voted by margins of 20 to 40 points to keep holding the hand that feeds them from London and Brussels. The majority of foreign-born Britons voted to be British and Brexit. So did those elderly enough to remember the aftermath of the last war in Europe. The gullibility of the young has been defeated – Twitter has been twotted.
[img
?itok=35phpCIJ[/img]
Brexit is a vote against the apparatchiki and siloviki of North Atlantic Treaty Organization (NATO) politics, including David Cameron and Hillary Clinton. Between now and November 8, election day in the US, reading newspapers and television news about the chances of Donald Trump will be as pointless as Cameron is this morning.
Spike Milligan, a British comedian remembered by Brexit-aged voters, warned after he had completed “Adolf Hitler, My Part in his Downfall” that “the Americans are now the new Germans”. He didn’t say more on geopolitical strategy in Europe before he died. Before that, he muttered: “all men are cremated equal”.
http://russia-insider.com/en/british-vote-isnt-against-europe/ri15189
WTF Scots? Pussies !
– William Wallace
The Scots like their benefits, and desperately need the redistributionist policies of the EU to give them the easy life they think they deserve.
You would think the fable of the Grasshopper and the Ants would be taught in primary school over there, but I guess not.
*** Breaking *** —- Wow.
“Londoners have called for the capital of England to breakaway away from the rest of Britain following today’s vote to leave the European Union.”
http://www.mirror.co.uk/news/uk-news/londoners-call-capital-break-away-8276156
Victorious Nigel Farage says ‘We need a Brexit government’
https://www.youtube.com/watch?v=Pi-uhYH7RBU
You know who is the Big Loser in all this? Jo Cox … the Labour MP. Got herself murdered … and for what?
For anyone on the fence about Brexit … da Joos are against it.
“European Jewish Congress President opposes Brexit, claims it conflicts with Jewish interests”
Stucky- Da Joos are making a killing off it today.
Amazing. First that the Brits had enough sack, 2nd that TPTB didn’t rig the vote counting. That the pundits called it WAY wrong, not so amazing.
I think that just didn’t rig it enough. The revolt was much stronger than they expected.
Brexit was propelled by a desire to limit freedom of movement – and we all know that’s rayciss and abhorrent. [img
[/img]
Dow down -575 and dropping.
going into the close and the Dow is off -606.
I guess the Plunge Protection Team and the bots are all on vacation……….Uh huh, you bet.
Thanks for playing in the casino- The Owners
What a lovely kettle of haggis (and yes, I’ve lived in GBR and Scotland and ate haggis ONCE!). It’s like sausage in that you NEVER want to see how they make it!
As I said on another thread – some screaming and shouting and running in circles while the PTB try to decide if they can over rule a popular vote in Parliament which will result in a large turnover within the House of Commons as they try and fail to convince the ordinary Brit that the politicos are smarter than they are. What a laugh.. The “man in the street” of London or Glasgow is fed up with Euro-centric decisions being stuffed down their throat and they have spoken!
Just like, I suspect, this November Mr. Trump will become – for better or worse – our illustrious President. While building walls is likely out of his range of possible accomplishments, perhaps allowing Border Control to enforce the law just might be. Also, weeding out 11 million illegal aliens that now collect welfare, medical services and other Free Shit might also be marshalled into a more orderly mass of humanity that can be sorted by meaningful score cards and either allowed to stay with a green card or booted back where they came from..
This will not happen in a day or 300 after Mr. Trump takes the torch of liberty and tries to wave it. He has acres of worthless departments to liquidate along the way and demands upon his time will be unbelievable.
I wonder who he will pick to run his billionaire empire while he works part-time as President…. According to law (and ethics), he must put his financial holdings in a BLIND TRUST (pardon me while I snicker at that one!!) where he has no control over decisions made to that same billionaires’ mass of businesses, corporations and firms.. Fat chance of that.
If Trump is elected, I can guarantee you one thing. His hair will rapidly turn from orange to grey and I would trust that he would donate his paltry Presidential salary to charity (maybe the Clinton Foundation??)….
I could wax on the possibilities for a good while, but I’ll bore the shit-throwing monkeys if I make this too long.. Remember to giggle a bit as things progress..
Muck
Trump has already said that when he wins the presidency, his children will run his businesses.
You see what happens Larry when you f*ck a stranger in the a$$.
http://www.bing.com/videos/search?q=Youtube+The+Big+Lebowski+-+This+is+what+you+get&adlt=strict&view=detail&mid=BB2A4C71650545695420BB2A4C71650545695420&rvsmid=7F5343DD94320843800F7F5343DD94320843800F&fsscr=0&FORM=VDQVAP
One of the offshoot victories of the vote is that once again, Obama’s arrogance back-fired on him. His audacious speech to the British people, telling them how to think and how to vote, actually gave the “LEAVE” faction momentum, according to MP Louise Mensch and Nigel Farage, that carried over to the actual vote.
Once again, and actually twice in the last two days, Obama must (or at least, should) come to terms with the fact that his vision of the U.S., and the world in general, is not prophetic and it is not the vision of the overwhelming majority. Yesterday, after his beat down from the Supreme Court Barry quipped, “It takes us further from the country we aspire to be.” No, Barry it takes you further away from making us the country that you aspire us to be. Once again Barry is forced to enjoy a dinner of crow with humble pie for dessert. I’m sure he’ll skip the dessert – humility has never suited his taste buds.
Now, Barry there’s this little problem of Blue Cross/Blue Shield announcing that they’re backing out of Obamacare, but I guess we can deal with that legacy virus tomorrow – it’s been a rough two days.
From THE DRAWN BOW
To the lawyers or judges whose actions result in the sufficient alteration of those legal, economic, and social norms currently existing in the U.S. in regards to pricing of medical products and services, the amount of the reward —- 175 million USD, taxed.
http://mycroft1.proboards.com/thread/1467/young-idealistic-lawyer
Love the last one Admin! You stay up at night thinking it up? What is for sure is that if the Eu doesn’t fall apart (like so many things have fallen apart in Europe over the Centuries), within two or three generations more than London will have Muzzy Mayors and the IS will be based in Ireland instead of Syria.
But what can we do about the IS supply chain? Iran continues to furnish all they want and need but just because Iran is mostly Sunni (who kill Shiites for fun), can’t they see the writing the wall? When the IS gets through with Syria, Jordan, Lebanon and the others – then Iran will be next. People like the IS are fair weather friends only so long as they are paid to be friends.
It will be interesting to see how things iron out by and by. Too bad so many people have to die in the process.
Muck
I think you might have Iran mixed up with Saudi Arabia. Iran is about 90% Shia, Sunni is a minority. The percentages are flipped for the KSA.
And IS is being funded by KSA (and Turkey), with Iranian non-interference.
The lynchpin is likely Turkey: Sufism is strong there — a branch that both Sunni and Shia can at least live with; the Turkish government makes all the right fundie sounds to make KSA/Quatar happy (plus helping out IS and talking about a global caliphate); and Azeris (Turkish ethnically) are a significant part of Iran’s population, so that certainly helps.
So watch the Erdogan-Merkel relationship, and watch out for Victor Orban of Hungary (he is not the patriot that he seems, methinks). I think the IS supply line weaves through this tangled web.
Well they did it… and no one expected it…
UK Stocks -3.14% worst since Jan 2016
US Stocks -3% worst since Aug 2015 (biggest opening gap down since 1987)
VIX +6pts biggest daly rise since Aug 2015 crash
Japan Stocks -7.9% worst since 2011 (Tsunami)
Spain Stocks -12.5% worst since 1987
Italy Stocks -12% worst since 1997
EU Banks -14.5% worst ever
US Banks -4.75% worst since Nov 2011
US 30Y Yield -14bps biggest drop since 2011
US 2Y Yield -14bps biggest drop since 2009
German 10Y Yield -14bps biggest drop since 2011
GBPUSD -11% biggest drop ever
USDJPY -4% biggest drop since 1998
EURUSD -2% biggest drop since Oct 2015
Gold +5% biggest day since Lehman 2008
Crude -4.4% most since Jan 2016
But apart from that everything is awesome.
Muck,
We’ll get the wall – because that’s relatively cheap & easy. We’ll forgo a few portions – like where there are already giant cliffs, but there will be a wall. Trump’s Wall. We won’t deport all of the illegals. We’ll deport the worst 10-20% and the rest will eventually get green cards. That’s the best we can do, given popular opinion. Of course, if Trump picks a VP who the establishment likes, then Trump will be assassinated and we won’t get the Wall. So he has to pick someone like Jeff Sessions. Or Ted Nugent.
In regard to Admin’s mea culpa that he let his general cynicism cloud his judgment regarding the Brexit vote, I was reminded of a quote from Tuli Kupferberg, one of the founders of (the greatest rock band in history), The Fugs: “Nobody who lived through the ’50s thought the ’60s could’ve existed. So there’s always hope.” Hope on, fuckers!
@Iska Waran: I doubt we’ll get a “wall” wall. We have the technology to detect a flea fart 15 miles away and from orbit at that. All that is needed is to allow the Border Control to do their jobs (which they are now forbidden to do!), beef them up a bit and set up (with existing survey technology) and send them where ever a wetback(s) crosses and needs rounding up.. Day or night, we also have infrared capability that’ll spot them hiding in bushes.
The hardest part will be “legacy” illegals – those that snuck across, dropped a baby and now part of their family is a natural born American. What do we do with those? They collect Free shit Army benefits but you can’t very well rip a family apart that has an American citizen in it, now can you?
Trouble, trouble, boil and bubble. Also we have a bleeding heart problem in this country where if anyone is hurt (from humans to bears), they leap to the fore, waving signs and bleating about “human rights” and other ethical pitfalls. Here in Florida, we have a black bear problem. Too many bears, too many humans and not sufficient habitat for the bears. So last year we held a hunt and knocked off a couple of hundred bear rugs on the hoof. The next thing you know when the Fish and Game proposed another limited hunt this year to cull them a bit more, the bleeders managed to get it put off for a year with signs that read, “Killing is not conservation!” which shows you exactly what they know about maintaining a self-sustaining bear population.
Ah, another rant by Muck. Sorry about that..
Muck
No Muck, you don’t rip apart apart families. You send the whole fucking family back where they came from, FSA anchor baby and all.
Come on…Just more show. If they say this was unexpected, then clearly it’s what they wanted.
Was it just a (particularly bad) psychotic episode that made the Clintons believe they could be in the White House again? Just google “Clinton Body Count” & read Roger Stone’s “The Clinton’s War On Women” & you know these people are just demons in “semi” human form. We must be a truly evil people to deserve rulers like this!…I sure hope you are right Jim.
Well, they didn’t steal enough furniture and paintings the first time and are going back for another try.
Even the people who are too naïve to believe the mass murder & sexual assaults can surely remember the “cigar passages” in the book “Monica’s Story” & the time that girl asked him what kind of underwear he favors….AND HE TOLD HER!!! What a class act!!!!
Muck, the reason we need a real wall instead of a virtual one is that a real one can’t be turned off.
whatever , if this isn’t the work of POCB’s then I will be surprised .
Deception , Deception, etc.
Nothing happens like this unless it is planned .
Look at it this way , most people will look at something ,one , or at best 2 different angles, when you start thinking through these distractions at like 16 different angles you can have a grasp of what the pre -determined outcome is .
Look 20 steps or more ahead , just like a good chess game .
Hedge accordingly
whatever , just a cook lol
“most people will look at something ,one , or at best 2 different angles, when you start thinking through these distractions at like 16 different angles you can have a grasp of what the pre -determined outcome is .”
Perceptive comment, GM.
“There’s nothing wrong with enjoying looking at the surface of the ocean itself, except that when you finally see what goes on underwater,you realize that you’ve been missing the whole point of the ocean. Staying on the surface all the time is like going to the circus and staring at the outside of the tent.” – Dave Barry