Loading ...Don’t forget Ger riddance lol I heard something on the news they already have names but wasn’t paying attention till I though ” what are they talking about.” wasn’t your list but sounded kinda funny. I decided to look it up but couldn’t find it. Did find it in US. Now they have some for US states now. Idago, Georgous, floriddance ” where I came up with Ger riddance.
David Stockman
Bravo 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 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.
But whether Trumpism captures the White House or not, it is virtually certain that Brexit is a contagious political disease. In response to today’s history-shaking event, determined campaigns for Frexit, Spexit, NExit, Grexit, Italxit, Hungexit and more centrifugal political emissions will next follow.
Smaller government—–at least in geography—–is being given another chance. And that’s a very good thing because more localized democracy everywhere and always is inimical to the rule of centralized financial elites.
The combustible material for more referendums and defections from the EU is certainly available in surging populist parties of both the left and the right throughout the continent. In fact, the next hammer blow to the Brussels/German dictatorship will surely happen in Spain’s general election do-over on Sunday (the December elections resulted in paralysis and no government).
When the polls close, the repudiation of the corrupt, hypocritical lapdog government of Prime Minister Rajoy will surely be complete. And properly so; he was just another statist in conservative garb who reformed nothing, left the Spanish economy buried in debt and gave false witness to the notion that the Brussels bureaucrats are the saviors of Europe.
Jim Willie
Brexit vote done with paper ballots and volunteers to count them. Thank God
newtogold @ 17:13
I agree…..PRICELESS!!!!!! Still smiling over its appropriateness and cleverness!! LOL!!!
commish @ 17:11 on June 24, 2016
her losses were POLITICALLY CORRECT !..As were all the rest of them ….
“Today Is The Appetizer For Monday”
by Tyler Durden
Jun 24, 2016 3:20 PM
Early this morning we laid out the thoughts of RCB’s Charlie McElligott on today’s dramatic market action, which discussed not the blow up of “fat tail” quant stategies (something we touched upon later and which is likely to unleash even more quant-driven selling next week) and the “forced out” liquidations across the curve coupled with a rush into safety, but also the biggest question of all for today’s trades – which macro funds are quietly blowing up? Now, we follow it up with a second piece by the RBC trader, one which those worried about being caught long risk over the weekend, are urged to read.
* * *
TODAY IS THE APPETIZER FOR MONDAY
The early macro trade has been focused on two things: 1) the outstanding performance of credit early (even before the stock rally as HY, IG and Converts all saw size “offers wanted” around Street from real $ and credit HFs) and 2) monetization of downside hedges from select macro funds in stocks and GBP (and then seeing those same accts turn and buy upside calls) as the driver of this phenomenal 60-plus handle rally in Spooz off the lows / pairing-back of half the collective loss in liquid EU equities indices / 500 pip recovery in GBP off lows. Same with VIX as a derivative of that too, where profit-takers in their upside vol bets have made the VIX a one-way trade lower today (or V2X which is EU’s version of VIX and was +32% at one point today….now just +6%). Similarly with regards to “monetization of winners,” USTs options are seeing ‘like’ flows—extremely profitable liquidation of TY calls, contributing the the move higher in UST 10Y yields +17bps off the lows).
There are some who are pounding-table for another leg-down in risk, but now that we’ve just cleared the first hour, I’m seeing INCREASED client activity (after almost consensual “avoiding the noise of the cash open” feedback earlier), and it’s significantly “better to buy.” We’re now running at 280% of the 20adv (notional) on the US cash desk, and sit at 64.2% notionally better to buy. By the way, the longer we go on without seeing a “rollover” in Spooz, you’ll see further capitulation from overnight futures shorts who are already way upside-down.
I do feel that Monday is where we’re going to see a truer-look at “where the bodies are buried” and a more accurate “price discovery” process than what we’re seeing today (as we’re washing out all the delta one flows which are dwarfing client trading)…lots of discipline being displayed thus far, with low turnovers and folks not chasing.
cont. http://www.zerohedge.com/news/2016-06-24/today-appetizer-monday
Portugeezer @ 15:32
“Come November, we could have the pair of them rolling back the war-mongering.”
My hope as well. The economy is important, stopping unlimited immigration is important … but #1 is stopping the NWO boyz from aggressing us into a nuclear war with Russia.
Do you think the average Joe is willing to risk the planet so that psychopath politicians can eff with the Russians? I doubt it!
Brexit then
Brexit’ to be followed by Grexit. Departugal. Italeave. Fruckoff. Czechout. Oustria. Finish. Slovakout. Latervia. Byegium.
And Swedone. Thenmark. Extonia.
And Switzeralreadyout… oh wait!?!
And Poleave?
EU later everybody! ???
Not mine. Copied from another site. Too good not to post.
British Women Loses 100,000 British Pounds
Read it on ZH this morning. She bet on remaining in the EU. I posted the odds the Irish betting site was displaying. Remain in the EU 1/4. Leave the EU 3/1. So she put up 100K to make 25K. Presently 1.368 Pound = 1 USD.
Of course no one will go to jail for this. Maybe in a Trump Admin they would. I hope so, For me it’s sort of a litmus test.
BAML Admits Wrongdoing, Agrees To Pay $415 Million For “Misusing Customer Cash To Generate Profits”
The SEC announced on Thursday that Bank of America’s Merrill Lynch unit admitted wrongdoing and has agreed to pay $415 million to settle charges that it “misused customer cash to generate profits for the firm.”
According to the statement, Merrill violated the SEC’s Consumer Protection Rule by misusing customer cash that rightfully should have been deposited in a reserve account, freeing up billions to finance its own trading activities as a result.
An SEC investigation found that Merrill Lynch violated the SEC’s Customer Protection Rule by misusing customer cash that rightfully should have been deposited in a reserve account. Merrill Lynch engaged in complex options trades that lacked economic substance and artificially reduced the required deposit of customer cash in the reserve account. The maneuver freed up billions of dollars per week from 2009 to 2012 that Merrill Lynch used to finance its own trading activities. Had Merrill Lynch failed in the midst of these trades, the firm’s customers would have been exposed to a massive shortfall in the reserve account.
Buygold @ 14:59
You dumped all your positions?
Sounds kind of extreme amigo. My bet is that we have at least a good start for next week in the PMs and more weakness in the SM. Of course I’ve been wrong before. 🙂
Have a great weekend everyone!
Can see here the reason for the inaction
More bought and paid for insiders from the mayor to the DA of twin falls. Why else would they not act and deport the father of the boys who rapes that little girl in Idaho. Now helping them to get a new place to live. More aiding abetting by a corrupt system. This guy needs to be shut down before he causes more problems.go after the instigators and gun handers instead of the guns.
Found this post and obviously behind the paid off silence of these sell outs.
BOYCOTT AND CALL OUT! Chobani Yogurt Founder Pushing For MORE Refugee Labor
American workers are being shoved out and replaced with cheap labor from refugees. Chobani Yogurt’s founder is one of the many culprits who’s kicking American workers to the curb and welcoming he so-called “refugees”. it’s so important to call out these CEO’s and others who’re killing American jobs. Do what you can!
We’ve had an issue with this company before:COINCIDENCE? CHOBANI SCORES MAJOR CONTRACT WITH MOOCH’S GOVERNMENT CONTROLLED SCHOOL LUNCH PROGRAM After Airing Naked Lesbian TV Ad To 3% Of Population [VIDEO]
One of those is Hamdi Ulukaya founder of Chobani Yogurt who will be going to Davos to the World Economic Forum this week to encourage more businesses to hire refugees (that is, to encourage more resettlement of refugees to America).
http://100percentfedup.com/boycott-and-call-out-chobani-yogurt-founder-pushing-for-more-refugees/
Portugeezer
Yes I’ve heard of the guy saw his hair lol and may be the next PM they said. Yes we’re all aware of the global take down of all advanced wealthier economies getting a reduction in their living standards to appease the self made elete. Unlimited immigration for this reason is a legitimate concern and PC is only used as a weapon against them as well as everyone else. I don’t think the majority don’t care anymore. People have a bad habit of waiting till damage is done before they act. They see what’s happened in Europe and what Obama has done and has good reason to act before it’s too late.
This One’s A Keeper
This has got to be the weirdest 3 day Gold Chart ever !!
WHY DID THIS HAPPEN ? ITS NOT COMPLICATED !
CENTRAL CONTROL …..CENTRAL CONTROL CENTRAL CONTROL…
The same old communist ideology Nobody wants Brussels to control London,Frankfort,ROME …those DAMM BUREAUCRATS did this …The Union can still be preserved but its going to take an Abraham Lincoln to fix it ! Just remember ……”and they shot men like Lincoln” Thats Europes Risk !
” Now elites are complaining about all the loss of power and influence.”
We have Joe Sixpack to congratulate and thank, when they stopped paying down loans. Is butt slammed the right word?
Countdown : 42 Minutes Till The Close
Dow just dropped below 600 and falling. Lets see how many want out of the markets over the weekend. But yet…..gold and silver remain stuck. Today has been amazing to say the least.
Scruffy
It depends on the businesses. I’m betting a lot of business were behind the EU because it provided them ” dime a dozen foreign workers for lower wages so no businesses should be left on their own due to self interest factors that could not only cause over pricing but wage and workplace safety issues. Big business and agriculture is part of this lack of border control. To hell with the country if it can improve their bottom line. We’re seeing this currently expressed in the market reaction.
Maddog
I dumped all my positions as to not get surprised by a miracle rally on Monday am.
As for your vote and the storms in London and the help from God himself, I don’t know. I’m not religious anymore, and in fact I’m afraid if I saw God he’d just point toward the ground and tell me to go… 🙁
BUT there is a lot of prophecy concerning Trump these days, one of these guy’s is named Mark who is a retired firefighter and interviewed on this program. You can fast forward to around 3:40 if you want to hear it. I dunno, but I do believe Trump is the last hope for the US and maybe the world…
Scruffy @ 14:41 re My stupid opinion
What happens to the stock market now? I keep it simple, using “reversal of the past” to navigate.
I strongly suspect, the multi national big global corporations will be big short opportunities. They benefitted the MOST from globalization past 40 years. So reversing that, means they are going DOWN DOWN DOWN.
I’d be bullish on smaller domestic corporations, that were HAMMERED for the past 40-50 years. They had two choices. Close down or move off shore. Big businesses constantly killed or absorbed small businesses. Reverse it.
Big business will lose to small domestic businesses.
Disgusting abuse of power
China is forcing up to 90,000 prisoners to have organs removed for sale on the black market, despite denying claims they are harvesting body parts illegally, says new report
China is forcing up to 90,000 prisoners a year to have organs removed, a shocking new report has claimed.
The widespread practice of removing organs from political prisoners has fuelled ‘organ tourism’ in China with foreigners paying for transplants.
Medical professionals and human rights advocates at The International Coalition To End Organ Pillaging In China have published a damning report which examines the transplant activity at hundreds of hospitals in China.
Co-author of the report Ethan Gutmann said in a video posted online:’If somebody goes to China to get an organ at this point, chances are they are getting it from a Falun Gong practitioner who was murdered on their behalf.’
‘Even if voluntary donations of organs have gone up, they can’t reach this level. This is live organ harvesting,’ he warned.
Scruffy
What did they expect, to get advice in a state thats hostile to small businesses?
Im wondering if the Britexit hopefully freeing the chains of other countries is going to throw a monkey wrench in Obamas TPP.
Screw loose?
Turkey-Germany row over Incirlik base visit: ‘Provocation by Erdogan’
With growing criticism of his regime Turkish President Recep Tayyip Erdogan needs scandals and grounds to strengthen his internal power, says Michael Opperskalski, international affairs expert from Geheim Magazine.
Ankara has blocked a delegation headed by Germany’s deputy defense minister from visiting the Incirlik air base in Turkey. The base, mainly used by the US and Turkish air forces for strikes against ISIS, is home to 250 German soldiers.
Turkey’s Foreign Minister Mevlut Cavusoglu said visits to the base by non-military delegations and politicians “are not appropriate”. He added that military and technical delegations were free to come to the air base, Reuters reported.
In response, German MPs called on the government to protest and raise the issue at NATO headquarters in Brussels.
The decision was “unacceptable” said Christian Democratic Union’s foreign policy spokesman Jurgen Hardt, adding that German officials needed to have access to their troops abroad.
The German media branded the situation “a political scandal” and “a diplomatic spat”.
Michael Opperskalski, journalist and expert on international affairs from Geheim Magazine agrees “it’s a serious scandal.”
He said this latest development is a continuation of a whole range of “scandals” the “Erdogan regime” has sparked with Germany and other European countries.
cont. https://www.rt.com/op-edge/348001-erdogan-turkey-germany-ban-base/
Quote of the Day
Buygold @ 10:20 on June 24, 2016
Quote of the Day!
Greenspan: “I would worry”
