Brexit, A Step In The Right Direction: The Optimistic View

In the conventional narrative, Brexit is about immigration, escaping the EU's bureaucrats of Brussels, class war or political theater. It may be about all of these, but beneath these surface issues lies a deeper dynamic: a recognition that the entire system is broken and a new arrangement of power, responsibility and risk is required. In this view, Brexit is a positive step in the right direction, away from centralization and central planning and towards decentralized arrangements that enable more dynamic, localized solutions.

BofA: To Save Markets Central Banks Just Made Inequality And Populism Even Worse

"Today’s extraordinary monetary policy backdrop is likely adding to voter angst and exacerbating the theme of rising wealth inequality, rather than reducing it.  The irony of recent events is that the combination of risk-off sentiment and expectations of further central bank support has caused another surge in negative yielding debt…which will only compound the issues of wealth inequality and populism."

- Bank of America

Hillary Superpac Has Taken $200,000 In Banned Donations

These past few weeks have been quite interesting for Hillary Clinton. We learned that Clinton omitted one key email from the State Department, that Hillary's official State Department calendar is missing a lot of entries, and we were reminded that it can be quite lucrative to be a friend of Hillary. Now, courtesy of The Hill, we find that a super-PAC backing Clinton has accepted $200,000 in donations from a company holding multiple contracts with the federal government, despite a ban on such contributions. Said otherwise, the super-PAC is engaged in a pay-to-play deal.

Puerto Rico To Default On July 1 After Senate Passes Bailout Bill

Moments ago, following the overwhelming passage of a Puerto Rico bailout bill by the US House of Representatives, Congress found itself on the edge of sending the PR debt relief Bill for the president signature, when the Senate, in a 68-32 vote, likewise passed the measure. This makes final passage of the legislation a virtual certainty as sixty votes were needed to clear the procedural hurdle, but only a majority vote is necessary on final passage. It also means that Puerto Rico will officially default on Friday, July 1.

The Prison Of Peoples - France's Le Pen Calls For European 'Spring'

"Brexit may not have been the first cry of hope, but it may be the people’s first real victory." The globalists are the Nazis of the 30s and 40s and the Communists of the Cold War. They are the enemy of Man. As Le Pen aptly notes, "more and more, the destiny of the European Union resembles the destiny of the Soviet Union, which died from its own contradictions."

Germany Just Blew Up Italy's Bank Bailout Plan

Germany opposes any attempt to shield private bank investors from losses if Italy pushes ahead with plans to recapitalize lenders. Merkel’s government says that European Union rules on handling struggling banks should apply in any rescue effort, including forcing losses on shareholders and some creditors before public money can be injected. The government in Berlin rejects the argument that the U.K. vote to leave the EU constitutes an “exceptional circumstance.”