Italy Bank Bailouts Send European, Global Stocks Higher; Gold Flash Crashes

S&P futures point to a higher open following gains in Asia but mostly Europe, where stocks are sharply higher following the €17 billion bailout of the two Veneto banks in Italy, the biggest taxpayer funded bank rescue in modern Italian history, as well as Dan Loeb's activist campaign of the world's biggest food company, Nestle

(Un)Locked & Loaded

"...as many as 38% of gun owners in the States have a loaded, easily accessible gun in the home at all times"

Did Europe Surrender To Radical Islam?

In spite of three attacks in three months, Britain does not seem to be choosing the path of vigilance and determination. June is not even over but the media barely talk about terrorism any more.

The "World's Policeman" Retires On Disability

"The American neo-conservatives predicted the 21st century would be a 'New American Century'. Instead, it is becoming a 'New Chinese Century', with the United States still believing, wrongly, that it is the 'leader of the free world' and a 'super power'."

"Technology Is Replacing Brains As Well As Brawn" - Challenging The 'Official' Automation Narrative (& Social Order)

...even if the academics are right and new high-skill jobs emerge to replace the ones that are being automated away, huge disruptions would still await. Large portions of the global workforce would still need retraining. And if work becomes a luxury, widespread joblessness and greater inequality could make it increasingly more difficult for the government to maintain social order.

If We Want "Unity"... Government Must Become Weaker

It is becoming increasingly clear that the United States is becoming a country in which every election brings a perceived mandate to forcefully - and even vengefully - impose the winning coalition's agenda on the losers...

The Hidden Motives Of The Chinese Silk Road

Chinese President Xi Jinping suggested that “what we hope to create is a big family of harmonious co-existence.” But India, an emerging economy that shares a contested border with China, worries about containment and new pathways for aggression from Pakistan...

First India Bans Cash, Now It's Targeting Gold

"There you have it. The cashless agenda of control laid bare. There shall be no economic activity outside of State control. Cartels that play nice will be rewarded with more market share... It remains to be seen if an already angry Indian citizenry can be persuaded to gift up their tradition of storing and gifting gold."

"It's A Virtual Bloodbath" - Cryptocurrency Carnage Continues

Early this morning, cryptocurrencies were all simultaneously hit by selling pressure and as the day has worn off, it has accelerated with one witty trader noting "it's a virtual bloodbath." 29 of the Top 30 cryptocurrencies (by market cap) are in the red and while there remains no immediat catalyst, chatter is focused on uncertainty surrounding SegWit (another potential fork in the codebase) and some looming large ICOs.