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Finance


13 hours ago (via zerohedge.com)
Submitted by David Stockman of ContraCornerBravo Brexit!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 bankers and their compatriots at the E

13 hours ago (via zerohedge.com)
Just four days ago, the "big guns" when George Soros wrote a Guardian op-ed titled  "The Brexit crash will make all of you poorer – be warned" in which he said that "as opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based on my six decades of experience in financial markets, to help voters understand the very real consequences of a vote to leave the

15 hours ago (via zerohedge.com)
By Epsilon Theory's Ben Hunt of Salient Partners Waiting for Humpty Dumpty  June 24, 2016Humpty Dumpty sat on a wall,Humpty Dumpty had a great fall.All the king’s horses and all the king’s menCouldn’t put Humpty together again.Brexit is a Bear Stearns moment, not a Lehman moment. That’s not to diminish what’s happening (markets felt like death in March, 2008)

15 hours ago (via zerohedge.com)
The next crisis is here.The BREXIT or British exit from the EU is this crisis’ Bear Stearns: an unexpected situation that Central Banks will go all out to sweep under the rug.Whether or not they will succeed remains to be seen. But what has started cannot be undone.For seven years, the Central Banks have maintained the illusion that all is well. Meanwhile, global leverage has exploded to rec

15 hours ago (via zerohedge.com)
As expected, it didn't take long after the final Brexit resultsfor demands for referenda to be put forth by the Netherlands, France, Italy and Scotland. While it's easy for Americans to fall into the "it can never happen here" mentality, The Mises Institute put forth a thought experiment that dispelled the notion that even if some states in the US wanted to become independent they would be too sma

15 hours ago (via zerohedge.com)
Submitted by Adam Taggart of PeakProsperityFortunes Will Be Made & Lost When Capital Flees To SafetyLittle did I realize when creating the short video below how prescient it would quickly become in the wake of last night's Brexit vote... Its message is simple: there's a preponderance of data that shows the world's major asset markets are dangerously overvalued. And when these asset bubbles sta

17 hours ago (via zerohedge.com)
Two days after the shocking Brexit result, the nightmares for the Remain camp - which refuses to accept a democratic reality - will not go away. As a result, it has gotten to the farcical point where disgruntled Remain voters have launched a petition demanding a second EU referendum, having clearly forgotten that it was the dramatically low turnout among their ranks that allowed the Leave vote to

17 hours ago (via zerohedge.com)
June 25 - Gold $1315.60 - Silver $17.72"There are no markets anymore, just interventions."… Chris Powell, April 2008GO GATA!Friday was a historic one for a number of reasons. One of them leaps off the charts this morning in our gold/silver sector world.Due to the unexpected and stunning Brexit vote, the price of gold began to take off like a cat on a hot tin roof, as you know. At one point gold

17 hours ago (via zerohedge.com)
Preface: We've previously shown that 9/11 couldn't have been an inside job, because:9/11 was thoroughly and exhaustively investigated by the 9/11 Commission, Congress and U.S. scientific agenciesNo one could have foreseen 9/11Government officials didn't have time to stop the 9/11 attacks, once they realized America was under attackIt couldn't have been a conspiracy, because no one could keep such

17 hours ago (via zerohedge.com)
Earlier today, we showed the front pages of British newspapers on the first day after the historic Brexit referendum. Just as amusing front pages, howeve,  abound in Turkey and especially among the pro-government (and thus government-controlled) press, such as the Akit newspaper, which looks at the chaos in the UK and says "the Crusader Union falls apart" (somewhat ironic for the former Ottom




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