Germany

How Fascism Comes To America

We're now well into what I call The Greater Depression. A lot of people believe we're in a recovery now; I think, from a long-term point of view, that is total nonsense. We're just in the eye of the hurricane and will soon be moving into the other side of the storm. But it will be far more severe than what we saw in 2008 and 2009 and will last quite a while – perhaps for many years, depending on how stupidly the government acts.

And The Winner Of Euro 2016 According To Goldman Is...

Shortly before Brazil's crushing 7-1 defeat to Germany in 2014's World Cup, Goldman Sachs econometric model forecast the South American team as by far the strongest favorite to lift football's soccer's greatest trophy. So, with that in mind, Jan Hatzius and his hooligans unleash their predictions for the 2016 European Football Championship that just got under way. Using historical performance data for each team - most importantly the Elo rating system originally devised to rank chess players - they estimate a set of probabilities that a particular team will reach a particular round, up to and including the championship... concluding that France (the hosts) are the most likely to win. Bet accordingly.

Paul Craig Roberts: "Fellow Americans, Wake Up & Escape The Matrix"

Fellow Americans, if you care to avoid vaporization and, assuming we do avoid it, live a life other than serfdom, you must wake up and realize that your most deadly enemy is Washington, not the hoax of “Russian aggression,” not the hoax of “Muslim terrorism,” not the hoax of “domestic extremism,” not the hoax of welfare bankrupting America, not the hoax of democracy voting away your wealth, which Wall Street and the corporations have already stolen and stuck in their pockets. If you cannot wake up and escape The Matrix, your doom will bring the doom of the planet.

Bundesbank Warns Of "Abrupt Surge" In Risk Premia, Asset Bubbles

The Bundesbank joined the fray between Deutsche Bank and the ECB, when Jens Weidmann warned that an extended period of low interest rates could increase the risk of a sudden surge in risk premiums, and policymakers should consider the implications of financial imbalances, translation: "the ECB is blowing bubbles."

Global Stocks Sharply Lower As Bond Yields Hit New Record Lows; Oil Slides Below $50

Global stocks, U.S. index futures are sharply lower pressured by fears of another day of record low bond yields, as investors start to worry about numerous risk catalysts in the coming weeks, from the Brexit vote to Fed meeting. The Dollar spot index rose for the second day in a row, pushing commodities lower for their first two-day decline since May 24, while WTI has dipped back under $50.

Free Speech Under Attack

Speech is either free or it isn’t. One cannot have it both ways, as the EU apparatchiks apparently think. As soon as restrictions on free speech are introduced, abuse is sure to follow.

"Deliberately Overblown" Brexit Fears Backfire

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly dire economic consequences that would follow a yes vote by the British people to leave. Voices from London, Brussels, and Washington have all put immense pressure on British voters to bend to the will of the elites. To listen to their commentary one would think that apocalypse was just around the corner. But is there any substance to their warnings?

With Daily Record Lows, Here Is A Chart OF German Bund Yields Since 1977

Two stunning statistics: according to Commerzbank almost two-thirds of all German sovereign debt outstanding now yields below minus-0.4%, which makes it ineligible for central-bank purchases. Additionally, as DB adds, Bund yield across the whole curve has gone negative for the first time.

Futures Slide On Rising Dollar As Global Bond Yields Hit Fresh Record Lows

Please do not adjust your screens: that off-green color you are seeing, that is not a malfunction. Yes, for the first time in six days, global stocks are lower with the MSCI all-country world index dipping from a 6 month high dragged down by lower European and Japanese equity markets, as the USDJPY dropped to a fresh five-week low while Treasury yields continued to hit new record lows because, as Bloomberg explains, "traders assessed the outlook for the global economy."

Deutsche Bank's Shocking ECB Rant: Warns Of Social Unrest And Another Great Depression

"In the 1920s the Reichsbank thought it could have 2,000 printing presses running day and night to finance government spending without creating inflation. Around the same time the Federal Reserve allowed more than a third of US deposits to be destroyed via bank failures, in the belief that banking crises where self-correcting. The Great Depression followed.... Today the behaviour of the European Central Bank suggests that it too has gone awry."

Swedish Politicians: "Islam Is Definitely Compatible With Democracy!"

"Democracy is a man-made system, meaning rule by the people for the people. Thus it is contrary to Islam, because rule is for Allaah... it is not permissible to give legislative rights to any human being..." So far, throughout history, and now in the world's 57 Muslim countries in the Organization of Islamic Cooperation (OIC), nowhere has Islam been compatible with democracy, freedom of speech, human rights and legal certainty.

Why 'Robbing Peter' To 'Pay Paul Something-For-Nothing' Doesn't Work

Yes, the voters are a nuisance. Still, it pays to let the masses think they are in charge; you can get more out of them that way and the welfare state only really worked as long as people got something for nothing. Nothing-for-something will not be attractive to the voters.