UK Banks Told To Model Capital Controls, Bank Runs, 20% Devaluation

"With the encouragement of regulators, some lenders, including HSBC, have even run modelling for the imposition of capital controls, according to people briefed on the exercise. Banks said regulators had demanded a stress test that modelled for a 20 per cent fall in sterling."

Is Soros Wrong?

"There is an argument that a Brexit might look similar to the aftermath of sterling?s ignominious exit from the ERM on ?Black Wednesday? 16 September 1992. In a current environment where central banks and governments have failed to generate a strong enough economic recovery to normalise interest rates amid persistent deflationary pressures, one would have thought a substantial decline in one?s currency would be welcomed ?- for that is one way to inject a modicum of inflation back into the economic system."

Trump Slams Hillary As "The Most Corrupt Person To Ever Seek The US Presidency"

Following a scathing speech by Hillary Clinton yesterday, in which the Democratic candidate warned a Trump presidency would unleash a recession, Trump on Wednesday retaliated with a blistering attack of his own on Hillary Clinton, assailing her as “a world class liar” and failed secretary of state who can’t be trusted on issues ranging from the turmoil in the Middle East to immigration and trade. His resounding punchline was that “Hillary Clinton may be the most corrupt person to ever seek the presidency of the United States,” during a speech in his hotel in SoHo, reading from a teleprompter in his first major speech of the general election.

State Records Show Hillary Had "Zero Interest In Disclosing Emails To Public" As Law Requires

“The new Hillary Clinton email records show she had zero interest in disclosing her emails to the public as the law requires,” stated Judicial Watch president Tom Fitton.  “And the emails show the Obama State Department gave special accommodations to Clinton’s email system, which the agency knew was unsecure, was likely hacked, and was not transparent under FOIA.”

With Or Without You? U2 Urges Irish Brits To Vote "Remain"

You know the establishment is paniccing when they roll out Bono (and Liam Neeson) to appeal to the Irish (which make up around 10% of the UK electorate) to vote "Remain" or face "the worst ramifications." As The Irish Times reports, U2 warns "a Brexit vote will make us weak," suggesting a vote to 'Leave' would mean Thursday bloody Thursday and a vote to 'Stay' would be a Beautiful Day.

Is The Syrian War About To Experience A Major Escalation?

"We’re going to war - either hybrid in nature to break the Russian state back to its 1990s subordination, or a hot war (which will destroy our country). Our citizens should know this, but they don’t because our media is dumbed down in its “Pravda”-like support for our “respectable,” highly aggressive government. We are being led, as C. Wright Mills said in the 1950s, by a government full of “crackpot realists: in the name of realism they’ve constructed a paranoid reality all their own.” Our media has credited Hillary Clinton with wonderful foreign policy experience, unlike Trump, without really noting the results of her power-mongering."

Crude Is Crashing (Again)

What goes up (on the back of a headline about the death of a UK lawmaker) comes down faster (on the back of fundamentals - DOE inventories rising and China demand slowing)...