ColoradoGurl: NO CHANGE IN INTEREST RATES BY THE FED…. ANNOUNCEMENT ON BLOOMBERG
Dr. Mark: But consider how this is impacting other world markets specifically Japan! And Brexit was not really addressed and the impact it will have. Next week will be huge if UK leaves EU as the $$$ will fall onto Germany who's bonds are in the negative already. Lots going on outside US.
This decision is US only. When the other markets get impacted economically it will impact trade here in the US as monies will become extremely tight for both cash and credit policy. When other countries can't afford to purchase US goods due to lack of liquidity it will come back and hit us hard.
These next 30 days will be a true theatre moment...get the popcorn!
This decision was very myopic for US markets and, IMO, gambling that the UK will stay in the EU. It will be a domino effect if they do leave the EU as the burden for countries like Greece could fall on Germany to solve.
And, since their banks are restricted from a cash flow perspective they can either do QE (which we know is a failure, look at Japan) or some other economic move to address the shortfall in liquidity
Brigantine: Exactly, Mark. As I have stated several times, We are literally watching WWIII through a vaseline and gauze covered lens.
ZJB: Brig, DrMark Currency wars WWIII without firing a shot. Just another chess move. Devaluing the Yuan destabilizes the economic structure built on the Petrodollar
Dr. Mark: Yes ZJB for those countries who are doing their transactions in Yuan. The more that do...the greater pressure and destabilization on the PetroDollar.
Brigantine: If China announces Gold Back, it will instantly destroy the perceived value of all fiat currencies. One can hardly call that a de-value of the yuan.
Dr. Mark: Agreed Brig,...they just haven't announced it yet. Can you imagine what would happen to the dollar with China devaluing their Yuan, and, at this new rate they announce a Gold backed currency?? To quote Awake....Checkmate! So, is the playing field being set up for a....Black Swan event?
Brigantine: So, if we're "expecting it," it's not really a black swan event then, is it? Of course, if 99.99% of the rest of the world isn't expecting it. well then... there is that.
Dr. Mark: No Brig it is not and I thought about that before posting....it truly is "created!
TurtleIsland1: Bix...My take, they want to destroy the US Dollar by September so watch for a bit of "Forced Volatility" this week leading into the "Unforced Massive Volatility" surrounding the BREXIT Vote next week (June 23rd)
RaginCajun: turtle- and when they vote to leave all hell will break loose…..we have iraq postponing taxes and tariffs til june 24, brexit votes june 23, looks very good for the end of june
Angel: Investors Fleeing U.K. and European Banks Amid Brexit Fear
A hit to banks’ profits, share prices and funding costs in the case of Brexit would be a blow to region’s financial sector
LONDON—Investors are fleeing U.K. and European banks amid fear that a possible British exit from the European Union would upend the region’s financial order.
An index of major U.K. and European financials fell to its lowest price this week since the international market turmoil in February, and on Wednesday, the cost of ensuring banks’ debt spiked to its highest level in five months, illustrating investor concern a week ahead of U.K.’s so-called Brexit vote on June 23.
Recent polls have shown those planning to vote ‘leave’ hold a several percentage-point lead over those who want to remain.
“It’s the well of uncertainty that’s opening up,” said Laith Khalaf, a senior analyst for U.K. investment manager Hargreaves Landsdown. “It could lead to a long period during which the U.K. and Europe negotiate what their new world is going to look like.”
Angel: Brexit is the only way the working class can change anything
Working-class people are sick of being called ignorant or racist because of their valid
concerns. The EU referendum has given them a chance to have their say
I have lived in working-class communities all my life, and now that I research and write about those communities as a working-class academic, my motivation has always been to make sure that an authentic working-class woman’s voice tells our stories.
Working-class people’s voices are rarely heard outside their communities, and almost never within the political or media sphere. However the EU referendum debate has opened up a Pandora’s box of working-class anger and frustration.
It is clear that the Westminster politicos are quite unnerved by this. Even I am surprised by how the referendum has captured the attention and the imagination of the same people that only last year told me they had no interest in the general election “because ‘they’ are all the same”.
Working-class Britons feel Brexity and betrayed – Labour must win them over
Corbyn must address working-class EU concerns, warns Frank Field
Working-class people in the UK can see a possibility that something might change for them if they vote to leave the EU. The women in east London and the men in the mining towns all tell me the worst thing is that things stay the same.
The referendum has become a way in which they can have their say, and they are saying collectively that their lives have been better than they are today. And they are right. Shouting “racist” and “ignorant” at them louder and louder will not work – they have stopped listening.
For them, talking about immigration and being afraid of immigration is about the precarity of being working class, when people’s basic needs are no longer secure and they want change. The referendum has opened up a chasm of inequality in the UK and the monsters of a deeply divided and unfair society are crawling out. They will not easily go away no matter what the referendum result.
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"What Really Happened Yesterday at the UST" - Yosef Intel - 6.15.16
What Really Happened Yesterday at Treasury
June 15, 2016
Many are still wondering what exactly happened yesterday in the halls of the US Treasury when President Obama made a fish-out-of-water Islamic Terrorist speech in an overtly financial setting. It made little to no sense.
And while he did attempt to tie in the treasury in terms of blocking terrorist spending, the reality of this situation is far different than the naked eye would behold.
The irony of Obama's speech is due to his now utter irrelevance geopolitically, as even new Republic President General Joseph Dunford was literally standing alongside side of the ousted Obama.
In fact, everyone standing up next to the cabal puppet, including former US Treasury Secretary Jack Lew (also a cabal puppet), was fully anticipating Obama to announce the new USN currency being in circulation, per a signed treaty, which very subtly gives the new Republic Treasury control of printing the nations money again (this in place of the private, illegal, bankrupted and already fully transitioned Federal Reserve Bank).
What they all got however was a nearly thirty minute ISIL revisitation of all former false flag gun control events by paid foreign crisis actors (which ironically pose no real threat to national security now that they have zero funding flows).
Honestly, does Obama think we're idiots? Or is Obama just in a frantic state of self preservation, a typical behavior of Human Model Replicas?
Because to those of us expecting a public release of the new currency during our currency redemption appointments, we were left utterly dumbfounded, perhaps just as dumbfounded as Republic President Dunford and cabal transition agent Jack Lew were; as Obama's speech opened up an entirely new can of worms in terms of the USN's initial release pathway.
And no matter anyone say, this speech (or lack their of) did delay the release of the RV as well as the public revaluation of US currency, at least another pain staking day.
So what now Fighting Joe? Paul Ryan? Grandfather? Great Grandfather?
Well it's long been reported that Jack Lew has made a pre-taped announcement that can air at anytime per the emergency broadcast system if need be. However, that is not the optimal strategy for the Chinese Elders, who insist on an overt transition statement and/or confession for the public record (this is for international legal reasons). Certainly this is their break the glass option.
Yet Obama knew this, and still took the opportunity to embarrass both the Chinese and Republic one final time, as he has done several times leading up to this historic moment.
That said, we know Barry Soetoro has been permanently removed from making any more critical speeches now--i.e. politically neutralized--so the USN announcement will need to be made through a top level administration spokesmen like a Jack Lew or equivalent (not Janet Yellen).
Perhaps Paul Ryan will announce the new USN tomorrow morning during his normal 11:30am EST Speaker of the House address. Maybe even President Dunford himself stands by him too? Yeah, I know it's doubtful, but that would sure be interesting. Something has gotta give because the world will not wait on the Republic any longer to get their "s*#!" together.
And while many now want Obama arrested, but public incarceration of a sitting US President isn't so easy, especially the first elected African-American President (at least the appearance of a legitimately elected leader) . And internationally, no one wants to see a sitting US President publicly humiliated again--a la Nixon in 1974 after he illegally eliminated the gold standard and was forced to resign on national television.
Less is more when engaging in a benevolent but silent coup d'tat.
Any forceful removal of such a high office might set back the Republic negatively, as well as negate advancements in the civil rights movement, even potentially inciting a riot in large urban populations that don't know the real truth about what's really going on behind the scenes. So how does the world move forward without appearing to move at all?
Again, Obama all of knew this before his choose to replace his USN speech with one about ISIL, and thus he played his very last negotiating chip with that bizarre Islamic terrorist diatribe which had no significance or purpose other than delaying the inevitable and possibly better cementing his Presidential legacy as being tough on terror (which is also ironic because his handlers created ISIL/ISIS/DAASH and paid for them all through illegal US military black budgets).
But honestly, what an odd world we live in where reality is pure fantasy, and fantasy our reality playing out every night via all mass media outlets who are in on the grand deception. It's a total mind melt if you don't know what's really happening on the macro economic financial stage. I mean you must admit the pageantry is entertaining, and confusing, but fascinating all at the same time.
The good news is that Janet Yellen is scheduled to make a speech at 1pm EST today per her normal routine, and we believe any new tact made by the Republic/Chinese will be done after both her speech and markets close on Wednesday. Then our RV roll out is finally fair game.
How and when are still fluid and legitimate issues to be worked through.
But because we know China went 100% gold backed today Wednesday at 8am CST(8pm EST Tuesday); we know the USN is tied directly into their new global reserve currency implementation.
So if the Paris Agreement is truly to be "put into force' 13 days after it was ratified by 55 countries representing 55% of global carbon emissions (btw: the Paris Agreement on Climate Change is actually the RV masqueraded as a global environmental treaty) then all 195 nations must also now be 100% compliant, including our own Republic of the United States--which means our pretty new gold backed rainbow currency must now be released as we know bills have already been preloaded in ATMs.
Expect to visible see them as late as this evening, but certainly by early tomorrow morning nationwide.
Things should get real interesting after markets close today in the US (4pm EST), and before markets open in China a 8am CST (8pm EST). So whenever the Republic decides how best to move forward, look for something historic to happen publicly with regards to the USN, so that the RV can begin before midnight Wednesday.
Why? Because as the Chinese have always said, either all nations go or none go… and the nation of China has already gone. America must be next.
God is with us.