Tag: Brexit

IT’S NOT THE BREXIT STUPID

Just over a week ago the world was coming unglued, as enough British citizens grew a pair and spit in the face of the EU establishment and global elite by voting to exit the EU. The fear mongering by central bankers and their puppet political hacks failed to deter people who have become sick and tired of being abused and pillaged by bureaucrats working on behalf of bankers and billionaires.

Stock markets around the world plummeted on Thursday and Friday. The world braced for another Black Monday. The phone lines were buzzing between central bankers around the world over the weekend as their banker constituents demanded relief. If one thing has been proven over the last seven years, its a coordinated effort between central bankers and Wall Street banks to rig the stock market higher can work over a short time period.

The titans of finance were able to once again confound short-sellers and the prophets of doom with a 5% surge from the Friday lows over the next week. It was surely a coincidence the Fed declared all Wall Street banks, safe, sound, and capable of buying back their stocks to the tune of billions early in the week.

These insolvent zombies were now free to borrow billions to buy back their overvalued stocks, destroying shareholder value, while boosting executive compensation. Poor Jamie Dimon is struggling to get by on his $27 million per year. The Wall Street banks obliged by immediately announcing multi-billion dollar buyback schemes to capitalize on the short-term trading mentality of the 30 year old MBA trading geniuses who bought the news without worrying about the actual value of the stocks they were buying.

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Brexit Aftermath – Here’s What Will Happen Next

Hat tip Jeff F.

Guest Post by Brandon Smith

In my article ‘Brexit: Global Trigger Event, Fake Out Or Something Else?‘, published before the U.K. referendum vote, I outlined numerous reasons why I believed the Brexit was likely to pass. As far as I know, I was one of very few analysts that stuck to my call of a successful Brexit right up until the day of the referendum instead of slowly backing away as the pressure of conflicting polls increased. My prediction was verified that evening.

In my post-Brexit commentary, which can be read here, I then outlined why so many analysts in the mainstream and even in the liberty movement were caught completely unaware by the referendum results. Today, however, I now see hundreds of analysts using the same talking points I argued before the Brexit, but still missing the first and most VITAL underlying truth.  The core reason why I was able to discern the Brexit outcome was because I accepted the reality that the Brexit does not hurt globalists — in the long run, it actually helps them.

Now, I fully understand the excitement surrounding this event.  For many people it was a complete surprise because they assumed that international financiers and the ever-pervasive global elites would do anything to stop it from happening. It feels like a kind of revolution; a pointy stick in the eye of the beast. While I applaud the people of the U.K. for their ongoing battle for sovereignty, I can assure you that the Brexit is NOT an obstacle to the plans of globalists.

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Rotten to the Core

Brexit and financial markets’ subsequent reactions expose the corruption at the heart of the world’s socio-political systems.

Guest post by Robert Gore at Straight Line Logic

Coercion is inseparable from corruption. When a group coerces with impunity, it steals from, lies to, defrauds, and enslaves the subjugated. The dominant group invariably develops a morally comforting ideology of its superiority and the subjugated’s inferiority. Such relationships are the essence of corruption.

Every square inch on the planet is subject to the jurisdiction of one or more coercive regimes, with their attendant corruption and fraud. Trillions of dollars, euros, pounds, and yen, et al., are extracted from the productive and diverted to governments, who buy political support. Trillions more are borrowed. Central banks issue fiat debt units backed only by laws mandating their acceptance and extract funding for governments via the hidden tax of debt depreciation and the hidden theft of debt monetization and interest rate suppression. Regulation allows governments to reward cronies and extort and terrorize the unfavored. Perpetual wars benefit militaries and those who supply the armaments, with part of their profits recycled to those championing war. This is pervasive, legal corruption. One can only guess at the extent of sub rosa criminality, which may dwarf it.

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After Brexit, a Trump Path to Victory

Guest Post by Patrick J. Buchanan

After Brexit, a Trump Path to Victory

Some of us have long predicted the breakup of the European Union. The Cousins appear to have just delivered the coup de grace.

While Scotland and Northern Ireland voted to remain in the EU, England voted for independence. These people, with their unique history, language and culture, want to write their own laws and rule themselves.

The English wish to remain who they are, and they do not want their country to become, in Theodore Roosevelt’s phrase, “a polyglot boarding house” for the world.

From patriots of all nations, congratulations are in order.

It will all begin to unravel now, over there, and soon over here.

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After ‘Brexit,’ Can We Exit a Few Things Too?

Guest Post by Ron Paul
undefinedLast week’s UK vote to leave the EU may have come as a shock to many, but the sentiment that led British voters to reject rule from Brussels is nothing unique. In fact it is growing sentiment worldwide. Frustration with politics as usual, with political parties that really do not differ in philosophy, with an economy that serves the one percent at the expense of the rest of society is a growing phenomenon throughout Europe and in the United States as well. The Bernie Sanders and Donald Trump phenomena are but one example of a frustrated public sensing something is very wrong with society and looking for a way out.

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Death to All Zombies!

Guest Post by Jim Kunstler

Wait a minute. They’re already dead. Brexit just reveals that not everybody’s brains have been eaten. A viral contagion now threatens the zombified institutions of daily life, especially the workings of politics and finance. Just as zombies exist only in the collective imagination, so do these two principal activities of society operate mainly on trust, an ephemeral product of the hive-mind.

When things fall apart in stressed complex systems, they tend to fall apart fast. It’s called phase change. Too many things in 21st century life have depended on sheer trust that the people-in-charge know what they are doing. That trust has subsisted on the doling out of money-from-nothing: debt, reckless bond issuance. TARP, QEs, bailouts, bail-ins, Operation Twists, Ponzi schemes… the whole sad-ass armamentarium of banking necromancy. The politicians let it get out of hand. Things that can’t go on don’t, and now they won’t.

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Forget the Lifeboat, It’s the Iceberg that Counts

Guest Post by Richard Fernandez 

Brexit

 

Within 24 hours of the Brexit victory its disruptive effects made many argue it was a mistake; that it would not be long before a repentant Britain was pushing its face against the cold glass doors of the Euro cafe, wistfully eyeing the delicacies now out of its foolish reach.  Yet others have argued in the same breath it would be Europe with its face pressed against the glass, longing the other way round. For example Jamie Kirchick writes in the NY Daily News that an EU without Britain would be easy meat for Russia.

An E.U. without Britain is also more prone to appease Russia, which today poses a greater threat to European security than at any point since the collapse of the Berlin Wall. Soon to be a body dominated by France and Germany, where voices demanding accommodation with a revanchist Moscow grow louder every day, the E.U. is increasingly likely to lift sanctions on Russia regardless of its behavior in Ukraine. Indeed, if there is one world leader of whose reaction to Brexit we can be confident, it is Vladimir Putin, unquestionably delighted that the largest military power in Europe, and its strongest proponent of democratic freedom in Europe’s east, has decided to call it quits.

Come back, Lord Shane!  Come back!

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Six More Countries Want Referendums to Exit EU

Guest Post by Martin Armstrong

Le Pen Marine

Brussels simply went too far. They cross the line moving from an economic union to a political subordination of Europe. Now five more countries want to hold referendums to exit the EU – France, the Netherlands, Italy, Austria, Finland and Hungary all could leave. With Hollande approval rating at about 11%, Merkel lucky she is not tarred & feathered, the Front National leader Marine Le Pen has pledged to hold a French referendum. If she emerges victorious in next year’s presidential elections, that means the next major player in the EU after Germany is out and there goes the EU.

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Despite the Vote, the Odds Are Against Britain Leaving the EU

Guest Post by Paul Craig Roberts

The Brexit vote shows that a majority of the British voters understand that the UK government represents interests other than the interests of the British people. As difficult as the British know it is to hold their own government to account, they understand they have no prospect whatsoever of holding the EU government to account. During their time under the EU, the British have been reminded of historical times when law was the word of the sovereign.

The propagandists who comprise the Western political and media establishments succeeded in keeping the real issues out of public discussion and presenting the leave vote as racism. However, enough of the British people resisted the brainwashing and controlled debate to grasp the real issues: sovereignty, accountable government, financial independence, freedom from involvement in Washington’s wars and conflict with Russia.

The British people should not be so naive as to think that their vote settles the matter. The fight has only begun. Expect:

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Bravo Brexit!

Guest Post by

At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even possible.

The central banks and their compatriots at the EC, IMF, White House/Treasury, OECD, G-7 and the rest of the Bubble Finance apparatus have well and truly over-played their hand. They have created a tissue of financial lies; an affront to the very laws of markets, sound money and capitalist prosperity.

So there will be payback, clawback and traumatic deflation of the bubbles. Plenty of it, as far as the eye can see.

On the immediate matter of Brexit, the British people have rejected the arrogant rule of the EU superstate and the tyranny of its unelected courts, commissions and bureaucratic overlords.

As Donald Trump was quick to point out, they have taken back their country. He urges that Americans do the same, and he might just persuade them.

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Sanity!

Congratulations, Great Britain!

Guest post by Robert Gore at Straight Line Logic

From SLL, “You Say You Want a Devolution?” 4/29/16:

The most important election this year is the British referendum June 23 on EU membership. The EU has followed the US’s disastrous policies in the Middle East and Northern Africa and has been unable to deal with the refugee and terrorist blowback from those policies. It has no strategy for resolving the issues stemming from the debt of its de facto bankrupt members, other than have the ECB buy it. Growth has been smothered by taxes, regulations, cronyism, and monetary idiocy. European youth have the “opportunity” to pay some of the world’s highest tax rates to fund the world’s most generous welfare state benefits. Those looking for other opportunities—private sector jobs, leaving home, starting families, building wealth—must look elsewhere.

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ADMIN’S BREXIT DAY

While the world roils in Brexit pandemonium my day has consisted of:

Riding my bike on the boardwalk to the rocks

Taking a leisurely stroll among the obese tattooed masses with Avalon

And now I’ll be working on my Irish tan at the beach

I’ll get a nice healthy dinner at Mack’s

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BREXIT & THE FOURTH TURNING

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.

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