Meltdown

The Reasons Why The Globalists Are Destined To Lose

This is what the elites fear most: the possibility that despite all their efforts of surveillance and manipulation, individuals and groups may one day be struck by an unpredictable urge to pick up a rifle and put the the globalists out of everyone’s misery. No chatter, no electronic trail, no warning. This is why they are destined to lose. They can never know all the unknowns. They can never control all the free radicals. There will always be rebellion. There will always be a liberty movement.

Who's Most Afraid Of Contagion From Italy's Bank Meltdown?

Contagion is the reason Italy’s banking crisis is all of a sudden Europe’s biggest existential threat. Greece’s intractable problems are out of sight, out of mind; Brexit momentarily spooked investors and bankers; but Italy’s banking woes have the potential to wipe out investors and undo over 60 years of supranational state-building in Europe.

The Great Market Tide Has Now Shifted

Risk-on assets (stocks) rising at the same time as safe-haven assets is akin to dogs marrying cats and living happily ever after. What the heck is going on? Why is the market acting so schizophrenic? What’s changed?

A Precarious State

The global political/economic state feels precarious for a good reason: it is precarious.

Here We Go Again - Stockman Warns Of August 2007 Redux

Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by four UK commercial property funds. If this is beginning to sound like August 2007 that’s because it is. And the denials from the casino operators are coming in just as thick and fast.

Tesla Drops On Report Of Another "Autopilot" Crash And Rollover

Dale Vukovich of the Pennslvania State Police, who responded to the crash, said Scaglione told him that he had activated the Autopilot feature. In his crash report Vukovich stated that Scaglione's car was traveling east, near mile marker 160, about 5 p.m. when it hit a guard rail "off the right side of the roadway. It than crossed over the eastbound lanes and hit the concrete median."

A Look Inside Europe's Next Crisis: Why Everyone Is Finally Panicking About Italian Banks

Back in May 2013, we wrote an article titled "Europe's EUR 500 Billion Ticking NPL Time Bomb" in which we laid out the biggest danger facing European banks: non-performing loans. As of this moment, that time bomb may have finally gone off: as the WSJ writes overnight, the Brexit damage to the rest of Europe "could be more immediate and potentially more serious. Nowhere is the risk concentrated more heavily than in the Italian banking sector." Indeed, "Brexit could lead to a full-blown banking crisis in Italy." Here's why.

"China Is Headed For A 1929-Style Depression"

“The government is allowing speculation by providing cheap financing,” Andy Xie exclaimed, China “is riding a tiger and is terrified of a crash. So it keeps pumping cash into the economy. It is difficult to see how China can avoid a crisis.”

Brexit & The Arrogant Infallibility Of "Experts"

"Under the relentless thrust of accelerating over-population and increasing over-organization, and by means of ever more effective methods of mind-manipulation, the democracies will change their nature; the quaint old forms - elections, parliaments, Supreme Courts and all the rest - will remain. The underlying substance will be a new kind of non-violent totalitarianism."