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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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    Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 11:13 am

    Subject: It's the Derivatives Dummy!!
    From: "Bix Weir" <bix@roadtoroota.com>
    Date: Fri, June 24, 2016 8:29 am


    Word that the "Dark Pools" were shut down in Europe this morning has everyone wondering about WHO took the brunt of the derivative losses. As the BREXIT vote was a surprise outcome it will most likely be the banks/insurance providers that offer the derivatives hedges in the first place - Deutsche Bank, of course, being the mother-ship of derivative writers.


    Historic Volume Surge Forces Deutsche Bank to Shutdown "Dark Pool" Trading
    http://www.zerohedge.com/news/2016-06-24/historic-volume-surge-forces-deutsche-morgan-stanley-shut-down-dark-pools


    "Deutsche Bank followed suit, and temporarily shut off outside market makers in its dark pool, SuperX. The bank told outside market makers that they would be prohibited from trading in SuperX on Friday, until the bank notified them it was ready to resume."


    END


    Rumor has it that the Banking Cabal "insiders" had told EVERYONE in their inner circles that the BREXIT vote was rigged to "STAY" and to bet accordingly.


    Now they are toast.


    More to come...


    May the Road you choose be the Right Road.


    Bix Weir


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 11:32 am

    "WASHINGTON (MarketWatch) — The Federal Reserve on Friday said it was prepared to add dollar liquidity if needed in global financial markets, in an effort with its global partners to calm the storm unleashed in financial markets by the outcome of the Brexit referendum."

    "In a statement, the Fed said it is “carefully monitoring developments in global financial markets, in cooperation with other central banks” in the wake of the decision by U.K. voters to leave the European Union."


    “The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy,” the statement said. 

    http://www.marketwatch.com/story/fed-in-concert-with-us-and-global-policymakers-seeks-to-calm-brexit-storm-2016-06-24


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 11:55 am

    Brexit Wins! Next Stop: Frexit, Italexit and Swexit
    by George Washington
    Jun 24, 2016 12:50 AM
    Congratulations to Great Britain! They’ve voted to exit the European Union. Next up: Frexit, Italexit, Swexit, Netherlexit... etcexit?
    http://www.zerohedge.com/news/2016-06-24/brexit-wins-next-stop-frexit-italexit-and-swexit



    David Cameron announced on Friday that he will step down as prime minister in October after Britain's vote to leave the European Union. His resignation comes after 52 percent of Britons voted to leave the European Union, handing a defeat to Cameron and others on the "remain" side of the highly contentious Brexit debate. 
    WATCH https://www.youtube.com/watch?v=fXNV3Ad0qQ0




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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 12:37 pm

    IMF praises BoE and ECB for readiness on Brexit, pledges support

     © Reuters. IMF urges collaboration between the U.K. and Europe to establish a new economic relationship
    Investing.com – International Monetary Fund (IMF) managing director Christine Lagarde applauded efforts by the Bank of England (BoE) and the European Central Bank (ECB) to buffer liquidity measures in the wake of the U.K. referendum decision to leave the European Union (EU), known as Brexit, on Friday.

    Britain surprised markets after 52% of its constituents decided to leave the EU on Friday, despite polls that had shown the Remain camp with a slight lead.

    “We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process,” Lagarde said in an official statement.

    The IMF chief also noted the Fund’s strong support of commitments by the BoE and ECB to supply liquidity to the banking system in order to curtail excess financial volatility.

    “We will continue to monitor developments closely and stand ready to support our members as needed,” she added.
    http://www.investing.com/news/economy-news/imf-praises-boe-and-ecb-for-readiness-on-brexit,-pledges-support-410444


    Sterling hits 30-year low, yen and franc surge as Brexit shakes markets By Reuters - 3 hours ago
    By Anirban Nag LONDON (Reuters) - Sterling sank 10 percent in value to its weakest since before the 1985 Plaza Accord on Friday after Britain voted to leave the European Union, 

    Britain's financial sector reels after Brexit bombshell By Reuters - 3 hours ago    1
    By Sinead Cruise, Andrew MacAskill and Lawrence White LONDON (Reuters) - Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands  

    Dow futures point to 500 point loss on Brexit victory By Investing.com - 2 hours ago
    Investing.com – Wall Street futures tumbled on Friday as markets were surprised by the victory of Brexit, or a vote for Britain to leave the European Union (EU), in the U.K. ...

    World stocks in freefall as UK votes for EU exit By Reuters - 3 hours ago
    By Marc Jones LONDON (Reuters) - World stocks headed for one the biggest slumps on record on Friday as a decision by Britain to leave the European Union triggered 8 percent falls ...


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 12:40 pm


    https://www.youtube.com/watch?v=RoE9ILyuE_c 
    Guerrilla Super Update!!!: BREXIT The Aftermath And What's Next, this was short update since the vote. "Has nothing to do with freedom, sovereignty, has all to do with money"



    https://www.youtube.com/watch?v=fqXgc4Cguaw
    This was from last night, before the deed was done, "V" Rogue Money outlines some ramifications to the US and others from a Leave or Remain vote.  


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 12:55 pm

    Data as of 9:59am ET
    S&P     -49.50  /  -2.35%   2,056.25
    Nasdaq     -115.00  /  -2.58%   4,347.50
    Dow     -397.00  /  -2.22% 17,518.00


    "It’s Scary, And I’ve Never Seen Anything Like It" - Where Markets Are The Morning After
    by Tyler Durden - Zerohedge.com
    Jun 24, 2016 8:44 AM



    For those of you who are just waking up, first of all, congratulations. Here is what you missed.

    European, Asian stocks and S&P futures plummet, as U.K. votes to leave European Union membership. FX carry trades everywhere go haywire, with the Dollar and Yen spiking while the Cable overnight plunged to 30 year lows and at last check was trading just around 1.37, down 1,300 pips from yesterday's highs. A modest rebound was experienced when first the Bank of England and shortly after all other central banks promised to pump virtually unlimited liquidity into the financial system. Ironically, all of this takes place a day after Fed’s stress tests showing all 33 banks exceed minimum requirements  - we may find out just how "unstressed" they are as soon as today.



        For those who are pressed for time, the following quote from James Butterfill, head of research and investments at ETF Securities, summarized it best: "It’s scary, and I’ve never seen anything like it. We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”



    Here are key market updates:



        S&P 500 futures down 3.9% to 2023
        Stoxx 600 down 7% to 322
        MSCI Asia Pacific down 4.1% to 125
        US 10-yr yield down 22bps to 1.53%
        Dollar Index up 1.86% to 95.27
        WTI Crude futures down 4.2% to $48.00
        Brent Futures down 4.3% to $48.70
        Gold spot up 4.2% to $1,310
        Silver spot up 2.8% to $17.77

    WHAT HAPPENED IN EUROPEAN MARKETS:
    European shares sinks after U.K. voted to quit the European Union. All 19 Stoxx 600 sectors fall with banks, insurance underperforming and health care, food & beverage outperforming. 90% of Stoxx 600 members decline, 10% gain. “It’s scary, and I’ve never seen anything like it,” said James Butterfill, head of research and investments at ETF Securities, said by phone from London. “We’re going to see outflows from basically any kind of cyclical asset. A lot of people were caught out, and many investors will lose a lot of money.”

        As the win for the Leave campaign in the EU referendum became clear, global equities plunged with the FTSE 100 falling as low as 8%, led by sharp losses in financials with UK banks (Barclays, Lloyds, RBS) lower by around 30% which has seen the iTraxx senior financials 5yr index (CDS on banks) soar to its highest level since February. As such, the fear of contagion from this outcome has seen European bourses heavily in the red (DAX -10%, Euro Stoxx -9%), while the E-mini S&P 500 saw a 5% fall to hit limit down.

        However, in recent trade, equities have pulled off worst levels as markets find relative calm amid the BoE Governor stating that the central bank is willing to provide liquidity in the form of GBP 250b1n, while David Cameron announced that he will remain as PM till October in order to combat any immediate instability. Elsewhere, Gilt yields have seen its largest drop since 2009 to yet again print fresh record lows as investors flock to safe haven assets, while Bunds staggeringly opened slightly below 169.00 before paring somewhat, back to around 166.00. Of note, in the wake of the Brexit outcome, S&P have warned that the UK could lose its AAA sovereign rating, while the likes of Goldman Sachs, JP Morgan and ING have all forecast an upcoming BoE rate cut........
    MORE http://www.zerohedge.com/news/2016-06-24/it%E2%80%99s-scary-and-i%E2%80%99ve-never-seen-anything-it-where-markets-are-morning-after

    Soros looks set to make a killing on Brexit result
    Published: June 24, 2016 9:59 a.m. ET
    Mark DeCambre
    George Soros may be getting rich on an implosion in British markets—again. 
    It is precisely the scenario Soros, writing in Britain’s Guardian newspaper last week, warned of. The global financial carnage and Friday’s tumble could be adding to the wealthy investor’s bankroll, if reports are true. Soros is famous for breaking the Bank of England — and lining his pockets — in 1992 with his bet against the British pound, which resulted in Sterling’s ejection from the European exchange-rate mechanism. Soros Fund Management, which manages some $30 billion for Soros and his family, has been scooping up gold assets and placing wagers that stocks will tumble, according to The Wall Street Journal in an article dated June 9......
    http://www.marketwatch.com/story/soros-looks-set-to-make-a-killing-on-brexit-result-2016-06-24?mod=MW_story_top_stories

    Fed says it's prepared to provide dollar liquidity
    Published: June 24, 2016 9:03 a.m. ET
    Steve Goldstein
    D.C. bureau chief
    WASHINGTON (MarketWatch) -- The Federal Reserve said it is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Fed said it is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy......
    http://www.marketwatch.com/story/fed-says-its-prepared-to-provide-dollar-liquidity-2016-06-24?mod=MW_story_top_stories

    Donald Trump, the Republican party’s presumptive nominee for president, cheered the U.K. “leave” vote on Friday, standing in contradiction to Democratic rival Hillary Clinton and U.S. President Barack Obama.
    Trump was in Scotland for a two-day stay to formally open his newly refurbished Turnberry golf resort in Ayrshire and to visit a second golf resort. His business-focused trip met with some criticism from Republican officials, who worried Trump’s slump in recent days in U.S. election polls warranted tougher campaigning at home.
    “The people of the United Kingdom have exercised the sacred right of all free peoples. They have declared their independence from the European Union and have voted to reassert control over their own politics, borders and economy,” Trump said in a statement on his campaign site and on social media.
    “A Trump Administration pledges to strengthen our ties with a free and independent Britain, deepening our bonds in commerce, culture and mutual defense. The whole world is more peaceful and stable when our two countries — and our two peoples — are united together, as they will be under a Trump Administration,” it said.


    Fed to Hold Swap Lines Open as Markets React to U.K. Vote
    wsj.com David Harrison
    The Federal Reserve said Friday its swap lines with other central banks are open to provide liquidity to foreign financial institutions as a way to calm volatility in financial markets.
    In a statement Friday morning, the central bank said it is "carefully monitoring developments in global financial markets" in the wake of Thursday's vote in the U.K. to leave the European Union.
    Swap lines will remain open "as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy," the Fed said.
     Other central banks have also sought to ease liquidity concerns.
    The European Central Bank said in a statement it was ready "to provide additional liquidity, if needed, in euro and foreign currencies."
    The Bank of Japan also said it was prepared to activate its own swap lines.
    "We are also aware of risks related to liquidity funding in foreign currencies. In this regard, a network of currency- swap arrangements is already established by the central banks of major countries. The Bank of Japan will take appropriate measures as necessary, including activation of this network," said a joint statement from Japan'sMinistry of Finance and the Bank of Japan.
    And the Swiss Central Bank said Friday it had taken steps to curb the rise of the Swiss Franc, which tends to appreciate in value in times of volatility.



    BREXIT 101.... ( THE COVER STORY FOR MASSIVE REBALANCING OF CURRENCIES)
    The sudden need to reset tons of global investment channels — against the background of the ambiguous and extended period of the U.K.'s exit negotiations — could have a freezing effect on the whole region. .... Depending on how you measure it, the EU as a whole ranges from the first to the third largest economy in the world. And in terms of trade, the bloc easily topped the U.S. and China in both imports and exports. So a slowdown there would mean a global slowdown. One that could last months — if not years. .....
    With all of that uncertainty rushing around, a British exit will likely result in a massive rebalancing of currencies......

    http://www.msn.com/en-us/money/markets/brexit-101-what-just-happened-and-why-its-important-for-americans/ar-AAhzpVO?li=BBnb7Kz
        


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 1:12 pm

    From Reuters News:
    Britain votes to leave EU, unleashing global turmoil
    http://www.reuters.com/article/idUSKCN0Z902K

    Britain has voted to leave the European Union, results from Thursday's landmark referendum showed, a stunning repudiation of the nation's elites that deals the biggest blow to the European project of greater unity since World War Two.


    From Reuters News:
    Sterling, stocks in free fall as UK votes for EU exit
    http://www.reuters.com/article/idUSKCN0Z92MZ

    Carnage came to global markets on Friday as results of an historic referendum showed Britain had voted to leave the European Union, sending sterling on a record plunge and pummelling equities across the world.


    From Reuters News:
    Leave campaigner Farage says PM Cameron should stand down
    http://www.reuters.com/article/idUSKCN0ZA0OZ

    Nigel Farage, the leader of Britain's anti-EU UK Independence Party, said Prime Minister David Cameron had to step down after his campaign for Britain to stay in the European Union was defeated.


    Pound hits lowest level since 1985 http://www.bbc.co.uk/news/business-36611512


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 1:22 pm


    Market Riggers and Money Spigots on Steroids Today

    Every Central Bank in the world is flooding the markets with stock purchases, bond purchases and money printing today as the BREXIT result has the world scared.
     
    Of course the Mainstream Media Talking Heads are trying to blow this off as a "small hiccup" and they are getting plenty of help from the market riggers in the USA using the Exchange Stabilization Funds.
     
    This will last throughout the summer but as other countries decided to exit the European Union it will become more and more obvious that there is NO escape from the collapse.
     
    Deutsche Bank is currently down 20% and with the English Pound falling 10% their derivative books has been destroyed. This reality will hit in mid-July when they have to settle those bets.
     
    My Private Road Timeline 2016 article has been seriously on track lately but I will still be updating it in July to cover the rest of the year.
     
    I BEG of you to listen to my latest interview about what happens After the Crash here:
     
    Bix Weir Interview: Should Preppers Wish for a Collapse?
    https://youtu.be/a6jwi8_Dh4A
     
    Stay safe and stay OUT of the system.
     
    May the Road you choose be the Right Road.
     
    Bix Weir
    www.RoadtoRoota.com
     
    PS - As Capital Controls are implemented in Europe this summer the people in Europe will RUN TO BITCOIN just like they did in Greece. I talk about Bitcoin in my new book as it will clearly run into the many thousands of dollars before the year is over. Here's where you can set up an account and buy Bitcoin:


    https://www.coinbase.com/join/51ba254f89fd211643000035


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 1:29 pm


    BREXIT IS THE MOST CONSEQUENTIAL EVENT SINCE WWII...MORGAN STANLEY PRESIDENT [url=says--https://www.youtube.com/watch?v=uP_dp3or3nA]SAYS--[/url]


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jun 24, 2016 4:14 pm




    Paul Ryan Announces A "Revised IRS" Agenda. House Republican Tax Reform Agenda                                          
    http://www.c-span.org/video/?411731-1/house-republicans-unveil-tax-reform-agenda


    https://www.youtube.com/watch?v=5xEjikbExEo

    WASHINGTON — Today, House Republicans launched the sixth and final plank of their #BetterWay agenda—fair, simple, pro-growth tax reform. Joined by Ways and Means Chairman Kevin Brady (R-TX) 
    and other committee members, House Speaker Paul Ryan (R-WI) delivered the following remarks as prepared for delivery this morning at the roll out event:

    “Thank you very much. First, I want to say just how proud I am of my colleagues. They have done outstanding work over the past six months. They have put together a serious, principled agenda for 2017. And this tax-reform plan is no exception.

    “The way I’d sum it up is: We want a tax code that works for the taxpayers—not the tax collectors. We want to make it simpler, flatter, fairer. Bring the number of tax brackets down from 7 to 3. Lower rates for everybody. Bring the top rate down to 33 percent. Close those special-interest loopholes. Consolidate those deductions and credits. Make it so simple that the average American can do their taxes on a postcard, and that the average IRS agent can understand it.

    “But more than that, we want to make America the best place in the world to do business. Cut taxes on small business. Lower their top rate to 25 percent. Cut our corporate tax rate—which is the highest in the industrialized world—from 35 to 20 percent. Stop taxing people when they bring money into our country. Stop taxing new investments. Don’t punish people for saving and investing. Reward them.

    “All these things will grow our economy, create jobs, and raise wages right here in America.

    “And finally, the IRS needs to get its act together. It needs to put taxpayers first. So we streamline the IRS. Install a new commissioner. Clear out the bureaucracy. And update their technology so taxpayers get the help—and the privacy—they deserve.

    “All these things will fix our tax code. And all six parts of our agenda will get our country back on track.
    “I think it’s good to remember why we started this project. We did it because we are living in a very uncertain time. Seventy percent of Americans don’t like the direction the country is going in. And neither do we.

    “But the way we saw it, that meant we had an obligation to offer an alternative. What we are doing is offering the country a better way.

    “A better way to lift people out of poverty, to keep America safe, to grow our economy, to protect self-government, to fix our health care. And now, a better way to fix our tax code. If you want to learn more about all six parts of our plan, go to our website: better.gop.

    “To close, I want say how I see the moment we’re in: We are going into a global economy that’s faster than anything we’ve seen before. One part of the country is OK with this. Another is more skeptical.

     “They’re wondering, ‘How are we going to preserve our values? How are we going to preserve opportunity for all of our people? How are we going to keep America strong?’

    “Or really, the question is, are we going to shape the global economy? Or is it going to shape us? I think, with this plan, America can once again take the lead.

    “With this plan, everyone in our country—the anxious and the eager, the Old America and the New America—can unite and build a confident America.

    “With this plan, we can take our founding principles—liberty, free enterprise, government by consent—and bring them to life in the 21st century.

    “With this plan, we can turn this country around and expand opportunity for all Americans.

    “This is what our country needs. This is a better way. Thank you very much.”
    http://www.speaker.gov/press-release/speaker-ryan-what-our-country-needs-better-way

    A Better Way to Do Tax Reform
    June 24, 2016|Mike Ricci
    WASHINGTON—Today, at a U.S. Capitol press conference, House Republicans unveiled a pro-growth blueprint for tax reform. 


    http://www.speaker.gov/press-release/better-way-do-tax-reform

    ALSO READ:   http://www.speaker.gov/tags/taxes


    Last edited by Carol on Sat Jun 25, 2016 11:37 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:28 am

    http://www.c-span.org/video/?411731-1/house-republicans-unveil-tax-reform-agenda

    A Better Way to Do Tax Reform
    June 24, 2016|Mike Ricci

    WASHINGTON—Today, at a U.S. Capitol press conference, House Republicans unveiled a pro-growth blueprint for tax reform. It is our vision for a Confident America in which most Americans can do their taxes on a form as simple as a postcard. This is the sixth plank of A Better Way, a bold agenda to tackle some of our country’s biggest challenges.


    Our plan—available now at better.gop—is based on three pillars:

    Simplicity and fairness. Our plan makes the tax code simpler, fairer, and flatter, so that it’s not only easier to do your taxes, but it’s also easier to have peace of mind at critical moments in life.

    Jobs and growth. Our plan makes it easier to create jobs, raise wages, and expand opportunity for all Americans.

    Service first IRS. Our plan matches a simpler, fairer tax code with a simpler, fairer IRS that puts taxpayers first.

    These ideas were developed by the Task Force on Tax Reform, led by Ways and Means Committee Chairman Kevin Brady (R-TX).


    About A Better Way. A Better Way is a bold policy agenda to address some of the country’s biggest challenges. It takes our timeless principles—liberty, free enterprise, consent of the governed—and applies them to the problems of our time. Developed with input from around the country, it starts the debate now on what we can achieve in 2017 and beyond. It is our vision for a Confident America, at home and abroad. Now we are taking these ideas to the people, so you have a clear choice about the direction of the country. 


     Previously released plans include:

        A Better Way to Fight Poverty
        A Better Way to Keep America Safe and Free
        A Better Way to Grow Our Economy
        A Better Way to Do The People’s Business
        A Better Way to Fix Health Care

    http://www.speaker.gov/press-release/better-way-do-tax-reform

     


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:31 am

    Who Wins From Brexit? China
    JUNE 24, 2016 9:11 AM EDT
    Michael Schuman

    The United Kingdom’s exit from the European Union is creating a lot of losers: 

    London’s finance industry. British Prime Minister David Cameron.

    The pound. The grand cause of European integration.

    But out of all of the market 
    turmoil and uncertainty will emerge at least one big winner: China.
    In the short term, of course, China’s struggling economy may take a hit from the chaos in the EU, its second-largest trading partner. 

    A smaller, less-stable European market and more cash-strapped consumers aren’t good news for Chinese exporters. Over the longer term, though, Brexit is almost certainly in China’s economic and political interests.

    Even a fully united Europe -- burdened as it is by debt woes, high costs, overbearing 
    bureaucracy and, in some cases, dubious competitiveness -- has had a tough time competing and contending with China. 

    Now fractured, the EU can't help but pose less of a counterweight to China’s rise on 
    the world stage.


    http://www.bloomberg.com/view/articles/2016-06-24/china-could-be-the-biggest-winner-from-brexit


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:44 am

    Germany Says "We Won't Let Anyone Take Europe From Us"




    German Foreign Minister Frank-Walter Steinmeier said today that the EU would weather the shock of the British vote to leave the union as he convened crisis talks. "I am confident that these countries can also send a message that we won't let anyone take Europe from us," he said heading into a meeting in Berlin of his counterparts from the EU's six founding members.

    http://www.zerohedge.com/news/2016-06-25/germany-says-we-wont-let-anyone-take-europe-us




    As Barclays wrote overnight, the biggest potential worry is that another country, especially one that is also part of the EMU, might set out on a political path towards exiting the EU and EMU. While a country leaving the EU is a big event, one potentially leaving the EMU would be a much bigger dealIf markets start attaching a greater probability to an EU referendum (and a possible exit) in an EMU country, it could spark a return of redenomination risk and financial fragmentation, undermining business confidence and hampering business investment and growth.

    A series of recent surveys and statements by some European parties suggest that this risk is real. Anxiety over immigration and a weak economic recovery have greatly eroded pro-EU sentiment in the euro area. A recent Pew survey found that roughly half or more of the population in large EU countries such as France, Spain and Germany viewed the EU unfavorably. The same survey showed that overwhelming majorities in most countries disapproved of the EU’s handling of refugees, as well as the economy. In a similar poll released by Ipsos Mori in May, nearly half of euro area citizens wanted a referendum on EU membership in their own country, including majorities in France and Italy (Figure 2). And in recent days, leading political parties in countries such as France (National Front), Italy (Five Star Movement), Denmark (Danish People’s Party), and Holland (Freedom Party) have all called for either a EU referendum of their own or a renegotiation of their country’s EU membership. These calls have become louder in countries such as Holland after the UK vote.

    [url=http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/06/04/majorities want ref.jpg][/url]

    And as the following chart shows, the pain for Europe is just starting:

    [url=http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/06/04/brexit the aftermath.jpg][/url]

     

    It appears that the trade now is not to sell Sterling, at least not anymore: one should have done that at 1.50 when everyone was wrong about the Brexit outcome based on manipulated polls as we explained ahead of the event. If anything, sterling will rebound following the positive boost to the UK economy following the devaluation. It's the long EUR trade we would be far more concerned about here...


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:46 am

    "See EU Later" - On The Front Covers Of UK Newspapers Today




    http://www.zerohedge.com/news/2016-06-25/see-eu-later-front-covers-uk-newspapers-today

    Two days ago, when Britain was set to vote for Brexit, we showed the front pages of the local newspapers which fell into two broad camps and could be summarized as follows: "Project Hope" and "Project Fear." Project Hope won. And just as we did then, here is a snapshot of the newspaper and tabloid covers the local population will see on its European Independence day.

    Neddless to say, the split in public opinion persists and can be best seen in the covers of the ideologically opposed Daily Express and The Mirror.


     
    And the rest













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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:52 am

    The Real Brexit "Catastrophe": World's 400 Richest People Lose $127 Billion




    The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index



    http://www.zerohedge.com/news/2016-06-25/real-brexit-catastrophe-worlds-400-richest-people-lose-127-billion

    For all the scaremongering and threats of an imminent financial apocalypse should Brexit win, including dire forecasts from the likes of George Soros, the Bank of EnglandDavid Cameron (who even invoked war), and even Jacob Rothschild, something "unexpected" happened yesterday: the UK was the best performing European market following the Brexit outcome.



     

    This outcome was just as we expected three days ago for reasons that we penned in "Is Soros Wrong", where we said "in a world in which central banks rush to devalue their currency at any means necessary just to gain a modest competitive advantage in global trade wars, a GBP collapse is precisely what the BOE should want, if it means kickstarting the UK economy."

    On Friday, the market started to price it in too, and in the process revealed that the biggest sovereign losers from Brexit will not be the UK but Europe.

    Not only, though. Because as we noted yesterday in "Who Are The Biggest Losers From Brexit?", there is an even bigger loser than the EU: Britain and Europe's wealthiest people. 





    Ironically, it turns out that when George Soros threatened "The Brexit crash will make all of you poorer – be warned", what he really meant is "it will make me poorer." And yes, George, the people were warned which is why they voted the way they did.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:53 am

    Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"




    "This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I'd love to find something positive to say."



    http://www.zerohedge.com/news/2016-06-24/greenspan-worst-period-i-recall-theres-nothing-it


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:56 am

    Peter Schiff: "Brexit Is Just What The Doctor Ordered"




    British voters may not know what they will get with an independent Britain,but they knew that something was rotten, not just in Denmark, but all over the European Union. The same holds true in the United States. Until our leaders can paint more realistic pictures of where we are and where we are going, we should expect more “surprises” like the one we got yesterday.



    http://www.zerohedge.com/news/2016-06-24/peter-schiff-brexit-just-what-doctor-ordered





    First The UK, Then Scotland... Then Texas?




    That didn't take long. Only hours after the final results came in for a British exit from the EU, political leaders in Scotland are talking about renewing their drive to secede from the United Kingdom. While secession of American states is often dismissed as absurd, there are few reasons to believe that a state like Texas - to name just one example - could not immediately transition from state to nation-state. With a large economy, port cities, oil, and easy access to European, Latin American, and even Asian economies by sea,economics arguments against such a separation fall flat.




    http://www.zerohedge.com/news/2016-06-24/first-uk-then-scotland-then-texas





    A Lesson for American States 


    When Americans indulge in thought experiments about the possible secession of American states, it is often assumed that most US states are too small "to go it alone." Indeed, most Americans greatly underestimate the size of many American states in relation to numerous independent and prosperous existing nation-states. 

    Were Scotland a US state, for example, it would be only a medium-sized state, with a GDP smaller than the gross state products of both Missouri and Connecticut, making it about the 25th largest state in terms of GDP. Population-wise, Scotland is about equal to Minnesota and Colorado (I have removed China and the US combined economy from this graph to improve scale): 



    In this map, I've compared American states to foreign countries of similar GDP: 



    For more similar maps, see here

    Moreover, few Americans appreciate how enormous some American states are, especially the largest four states: California, Texas, New York, and Florida. 

    In terms of both population and GDP, California is about equal to Canada — and with much better weather. Texas is equal in economy and population size to Australia. Pennsylvania's economy is similar in size to Switzerland. 

    While secession of American states is often dismissed as absurd, there are few reasons to believe that a state like Texas - to name just one example - could not immediately transition from state to nation-state.With a large economy, port cities, oil, and easy access to European, Latin American, and even Asian economies by sea, economics arguments against such a separation fall flat. And of course, the success of smaller states like Norway, Denmark, and Switzerland illustrate that bigness is truly unnecessary. Naturally, many other states even beyond the biggest states — such as Pennsylvania, New Jersey, North Carolina and others — could do the same. These states would all be among the largest economies on earth were they to leave the US. 

    "But what about national defense!" some may argue. "Wouldn't Texas be constantly at war with the United States?" Experience suggests that Texas would be at war with the United States about as frequently as Canada has been at war with the United States: zero times since 1815. 



    International wars rarely erupt between countries with common languages, common histories, and common economic interests. Should Scotland secede, the UK won't be sending in the tanks, and Scotland could easily join the realm of independent nation states, just as many American states could do the same.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 12:14 pm

    http://82.221.129.208/ifyouareinamericayouprobablycantseethisaf6.html


    So far with Brexit there is nothing to report (as far as I see it)


    I do not care if the markets dropped by 160 billion or if the British pound fell, because the stock markets and other markets are all fake, and the Euro stayed above the dollar. The Pound stayed above the Euro, and the Mexican peso did not move an inch. We will have to see what happens to the pound after they allow it to be traded again, Hardly doom. I expected more. Perhaps that will come on Monday.


    There were significant credit card outages today, and from what I have heard, Paypal freaked out and started screwing up. But it is all baseless, because the currencies did not move enough to worry about. So don't panic, YET.


    I guess Brexit will lead to a punishment of the little people, who were not supposed to do that! I conservatively pinned the real vote down to 81 percent LEAVE by going through numerous online polls, which spanned from 70 percent leave to 95 percent leave. At any rate, despite massive rigging we still got the right outcome. If they wanted this one, they'd have needed to steal it ALL. And now other nations are playing follow the leader . . . . only a mushroom cloud will save them. Perhaps it will happen, on cue.


    At any rate, I did not drop in to comment despite checking things repeatedly because as far as I see it, the ones punished most in the markets were the ones who deserved it most. And it is all vapor anyway. I could care less about what happens on paper, as long as the lights stay on and everyone eats.


    I see a bright future ahead. I am still worried about the UN, but hopefully Trump will take care of that. The last thing we need is an international police force shoving arbitrary rules from remote corners of the globe down everyone's throats. Good riddance, I hope they all fall apart. And yes, I'd ditch every last Euro, that currency is almost definitely going bye bye.


    I guess the real measure of who won will be in which currency lives. I do not see an end to the pound anywhere in sight, perhaps ups and downs, but it is not going away.


    At this point everything is speculation until things develop further. I hope enough nations pull out of the EU for the whole thing to collapse with Merkel standing alone, like a burned out lightning struck redwood.


    FINAL TALLY: VOTE RIGGED DOWN BY 29 PERCENT. ~ Jim Stone
    http://82.221.129.208/ifyouareinamericayouprobablycantseethisaf6.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 12:23 pm

    The Brexit Vote — Paul Craig Roberts
    June 24, 2016


    The Brexit Vote

    What does it mean?


    Hopefully, a breakup of the EU and NATO and, thereby, the avoidance of World War III.


    The EU and NATO are evil institutions. These two institutions are mechanisms created by Washington in order to destroy the sovereignty of European peoples. These two institutions give Washington control over the Western world and serve both as cover and enabler of Washington’s aggression. Without the EU and NATO, Washington could not force Europe and the UK into conflict with Russia, and Washington could not have destroyed seven Muslim countries in 15 years without being isolated as a hated war criminal government, no member of whom could have travelled abroad without being arrested and put on trial.


    Clearly, the presstitute media lied about the polls in order to discourage the leave vote. But it did not work. The British people have always been the font of liberty. It was the the historic achievements of the British that transformed law into a shield of the people from a weapon in the hands of the state and gave accountable government to the world. The British, or a majority of them, understood that the EU is a dictatorial governing mechanism in which power is in the hands of unaccountable people and in which law can easily be used as a weapon in the hands of unaccountable government.


    Washington, in an effort to save its power over Europe, launched a campaign, willingly joined by presstitutes and the brainwashed left-wing, who flocked to the One Percent’s banner, that presented the effort to preserve British liberty and sovereignty as racism. This dishonest campaign shows beyond all doubt that Washington and its media whores have no regard whatsoever for liberty and the sovereignty of peoples. Washington regards every assertion of democratic rule as a barrier to its hegemony and demonizes every democratic impulse. Reformist leaders in Latin America are constantly overthrown by Washington, and Washington asserts that only Washington and its terrorist allies have the right to choose the government of Syria, just as Washington chose the government of Ukraine.


    The British people, or a majority of them, gave Washington the bird. But the fight is not over. Perhaps it hasn’t really yet begun. Here is what the British can likely expect: The Federal Reserve, European Central Bank, Bank of Japan, and George Soros will conspire to attack the British pound, driving it down and terrorizing the British economy. We will see who is the strongest: the will of the British people or the will of the CIA, the One Percent, and the EU and neocon nazis.


    The coming attack on the British economy is the reason that leave supporters such as Boris Johnson are mistaken in their belief that there is “no need for haste” in exiting the EU. The longer it takes for the British to escape from the authoritarian EU, the longer Washington and the EU can inflict punishment on the British people for voting to leave and the more time the presstitutes will have to convince the British people that their vote was a mistake. As the vote is nonbinding, a cowardly and cowed Parliament could reject the vote.


    Cameron should step down immediately, not months from now in October. The new British government should tell the EU that the British people’s decision is implemented now, not in two years and that all political and legal relationships terminated as of the vote. Otherwise, in two years the British will be so beat down by punishments and propaganda that their vote will be overturned.


    The British government should immediately announce the termination of its participation in Washington’s sanctions on Russia and hook its economy to the rising nations of Russia, China, India, and Iran. With this support, the British can survive the Washington led attack on their economy.


    Source:  http://www.paulcraigroberts.org/2016/06/24/the-brexit-vote-paul-craig-roberts/



    More on Brexit — Paul Craig Roberts
    June 24, 2016


    More on Brexit

    Information continues to come in about the Brexit vote. A member of the British Army said that 90% of the lads in his unit voted to leave. They voted exit because they do not believe they should be involved in Washingtons wars. He said that his unit agreed that the wars are dictated by Washington, via Brussels, and not by the British people. He also said that that the soldiers were “taking their own pen” to the ballot box, because “they only use pencils at the polls and they could be rubbed out and changed.”


    Richie Allen in London, a radio presenter in Manchester, England, said that as an Irishman he remembers how the Irish vote against the EU was overturned when the people rejected the Lisbon Treaty and that already in England “they’ve begun talking about the possibility that the EU will come back with a better offer.” In other words, the exit vote is not being treated as meaningful. See his guest column here: 


    http://www.paulcraigroberts.org/2016/06/24/the-campaign-to-undermind-the-vote-guest-column-by-richie-allen/


    And as Stephen Lendman reports, the propaganda is already in high gear with David Cameron setting the tone by emphasizing how happy the vote has surely made Putin and ISIS (somehow these two deadly enemies are happy over the same thing!). The self-hating Russian, Garry Kasparov, said Brexit was “the perfect gift for Vladimir Putin,” as Britain’s exit leaves the EU a “weakened institution with less power to confront Putin’s assaults on Europe’s borders.” What assaults, Garry?


    Former US ambassador to Russia Michael McFaul is “shocked, shocked!” The US and EU lost, Putin wins.


    Of course, the vote had nothing to do with Putin or Russia. But the liars are going to try to make the British feel that they betrayed England and gave Russia power over Europe. Russian spokesman Dmitry Peskov replied to the nonsense: We are accustomed to “the Russian factor” as the explanation of all events in the universe.


    The British people might think that they are out of the EU, but they are not. They have a long hard fight ahead. Washington and the British political and media establishments that serve Washington are not going to let them leave.


    Source:  http://www.paulcraigroberts.org/2016/06/24/more-on-brexit-paul-craig-roberts/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 1:27 pm

    CFDs Quotes
         S&P 500 Futures    2,018.25    -87.50    -4.16%         
         Nasdaq Futures    4,260.50    -202.00    -4.53%         
         Dow 30    17,400.75    -610.32    -3.39%         
         S&P 500 VIX    25.76    +8.51    +49.33%         
         DAX    9,557.16    -699.87    -6.82%         
         Nikkei 225    14,952.02    -1286.33    -7.92%         
         US Dollar Index    95.63    +2.30    +2.46%         
         Euro Index    87.93    -1.24    -1.39%         
    EUR/USD 1.1121 -0.0262 -2.30% 

    Next Week's FX: Fasten Your Seatbelt
    Britain’s decision to leave the European Union triggered pandemonium across the financial markets. Currencies and equities were hit hard by the vote with sterling falling over 10% intraday. Friday was the worst day ever for the British pound and the 1.3230 low reached during the Asian trading session was the weakest level for GBP/USD in more than 3 decades. The last time we had a move this large was during the Global Financial Crisis and, before that, on Black Wednesday when the U.K. government was ejected from the European Exchange Rate Mechanism (ERM). Brexit will be worse than Black Wednesday.


    But the bloodbath isn’t over for the British pound because Brexit is the beginning and not the end of England's problems. The next step is for the UK and EU to negotiate exit terms. And that will take months, possibly years. During this period, multinational businesses will refrain from making major investments in the U.K. economy and may in fact actively plan to move their headquarters and business operations over to the continent. There’s no question that during the next 12 months, the U.K. economy will pay dearly for Brexit – they’d be lucky if there was any growth at all in the second half of the year. 


    The U.S. dollar and Japanese yen benefitted significantly from Britain’s decision to leave the European Union but that should not surprise our readers because dollar and yen always tend to outperform in times of risk aversion. Investors flock to safety when there is uncertainty, which is also why gold was up nearly 5%. However the biggest implication of Brexit, aside from the Dow's 500-point drop, is no rate hike from the Fed. Brexit has completely changed the discussions that the central bank is having – it's no longer talking about if/when rates will increase but instead, if/when to provide more liquidity through additional swap lines for other central banks. 


    In the past, Janet Yellen expressed concern about Brexit and with financial-market turbulence expected to stay, we can forget about a near-term rate hike from the Fed. In fact, Fed Fund futures are no longer pricing in a rate hike by September and instead is looking at a 12% chance of a hike before the end of the year. In other words, barring a miraculous recovery in the markets, there will be no 2016 hike, which is ultimately negative for the dollar against the yen and other higher-yielding currencies.
    http://www.investing.com/analysis/next-week's-fx:-fasten-your-seatbelt-200138117


    Exchange Rates and External Adjustment
    Swiss National Bank, International Monetary Fund, and IMF Economic Review
    Zurich, June 24-25 2016
    The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on "Exchange Rates and External Adjustment". The conference will provide a forum to discuss recent theoretical and empirical research on the macroeconomics and microeconomics of external adjustment, the optimal response of monetary, exchange rate and macroprudential policies when financial frictions matter, the effects of sovereign risk, and the role of exchange rates at the sector and aggregate levels. The conference will be hosted by the Swiss National Bank and will take place in Zurich, Switzerland on June 24-25, 2016.
    Agenda. READ ON FOR THE AGENDA.
    https://www.imf.org/external/np/seminars/eng/2016/ExchangeRates/index.htm


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 1:31 pm

    TRYING TO CALM THE PEOPLES FEARS
    Now what? After the Brexit...
    Inevitably, there will be a period of uncertainty and adjustment following this result.
    There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.
    And it will take some time for the United Kingdom to establish new relationships with Europe and the rest of the world.
    Some market and economic volatility can be expected as this process unfolds.
    But we are well prepared for this. The Treasury and the Bank of England have engaged in extensive contingency planning and the chancellor and I have been in close contact, including through the night and this morning.
    The Bank will not hesitate to take additional measures as required as those markets adjust and the UK economy moves forward....
    http://www.bbc.com/news/business-36618560


    SEC approves IEX as national stock exchange
     The U.S. Securities and Exchange Commission has granted the hotly debated request by alternative trading group IEX Group Inc to launch a new U.S. public stock exchange, a move likely to intensify arguments over current market structure.

     IEX, made famous by Michael Lewis' 2014 book "Flash Boys: A Wall Street Revolt," is notable because it would be the only exchange in the United States to include a so-called speed bump - a 350 millionths-of-a-second delay in all incoming and outcoming orders.

    According to IEX, that delay protects investors from high-frequency traders who can pick up on trading signals and use their faster technology to electronically front-run slower investors. 

    Other exchanges, including Nasdaq (NDAQ.O), the New York Stock Exchange (ICE.N) and BATS Global Markets (BATS.Z), have vigorously opposed the idea of IEX gaining regulatory approval as a U.S. stock exchange. Nasdaq has suggested that any SEC approval could be legally challenged. 

    The approval marks the first time in three years that the SEC has sanctioned a new trading exchange. The most recent approval was when International Securities Exchange's options exchange, ISE Gemini, received the green light in July 2013.

    IEX expects to implement trading in all stock symbols on Sept. 2, ceasing operations of the IEX Alternative Trading System (ATS), also known as a dark pool, according to its website
     http://www.reuters.com


    ( IEX is the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices. www.iextrading.com )


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 1:39 pm

    Citigroup resolves 'technical issue' that left accounts frozen
    http://www.zawya.com/mena/en/business/story/TR20160625nL1N19H00DX3/
    June 24 (Reuters) - Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts remotely.


    Customers had taken to social media to complain about the outage, which affected several U.S. states, including New York, Pennsylvania and California, according to Bloomberg.


    "We experienced a brief technical issue that is now resolved," Citigroup's customer service Twitter account said in response.


    Bloomberg reported the news of the outage first.



    ~~~~~~~~~~




     https://www.youtube.com/watch?v=9GWfY1I0v-w

     Jim Willie Collapse Warning: BREXIT Could DETONATE Deutsche Bank! 6/24/16 


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 6:16 pm

    Czechia, Hungary, Slovakia, and Greece are ready to leave EU
    http://www.pravdareport.com/news/world/europe/24-06-2016/134824-brexit-0/
     
    Brexit aftershocks MAPPED: Who's next to leave the EU now Britain has quit crumbling bloc?
    http://www.express.co.uk/news/politics/680957/Brexit-map-what-happens-Europe-if-Britain-leaves-EU-referendum-2016-impact-on-EU-countries
     
    These countries could be next now that Britain has left the E.U.
    https://www.washingtonpost.com/news/worldviews/wp/2016/06/23/these-countries-could-be-next-if-britain-leaves-the-e-u/

    In Stunning Decision, Britain Votes To Leave The E.U. (headphones) https://www.washingtonpost.com/world/britons-head-to-the-polls-for-historic-vote-on-eu/2016/06/23/0d466fb0-34a7-11e6-ab9d-1da2b0f24f93_story.html
     
    BREXIT/NOW FRANCE/ITALY/NETHERLANDS CALL FOR EXIT VOTE.
    https://www.youtube.com/watch?v=gW3bcMRHf5U
     
    World’s 400 Richest People Lose $127 Billion on Brexit: Chart
    http://www.bloomberg.com/news/articles/2016-06-24/world-s-400-richest-people-lose-127-billion-on-brexit-chart
     
    George Soros may be getting rich on an implosion in British markets — again.
    http://www.marketwatch.com/story/soros-looks-set-to-make-a-killing-on-brexit-result-2016-06-24

     


    _________________
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    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 8:30 pm

    [size=18]Brexit Will Lead to an American Economic Collapse – Here’s What You Need to Know
    Saturday, June 25, 2016 12:54


    Many economic experts feel that BREXIT will ultimately collapse the American economy. The banksters are not going to stand for self-determination to thwart their plans for a New World Order. 


    I have to concur with these experts. The Western World will soon discover that there is a price for their insolence. The banksters are prepared to collapse the economy and that may be the most humane option available. 
    Are you prepared for an econmic collapse false flag event which was triggered by BREXIT?

    Here is what you need to know….
    __________________________________
    The aftermath of an economic collapse can take different forms, however, history demonstrates that there are some universal things you can count on:


    1. Obamavilles
     
    People will lose their jobs and ultimately will be evicted from their homes and America will see a dramatic spike in the rate of homelessness.


    During the Great Depression (1929-1941),the growing number of homeless people in America began to live in communities with cardboard boxes as their only shelter. The communities took on the name “Hooverilles” in reference to the President that most Americans blamed for the Great Depression.


    Today, as the economy collapses, a new homeless class will be created and they will come from the former middle class. A large number of Americans own property. This will shift to a large amount of properties will subsequently be owned by the few and America will witness the introduction of feudalism to our country. This is why the Federal reserve has been buying $40 billion dollars of mortgage backed securities every month.

    2. Dramatic Food Shortages
     
    Because of “Just In Time” deliveries, the American food industry operates on quick and multiple deliveries and survives only as the result of the rapid payment of invoices. As the failing economy reaches to service industry, most of these business will fail in very large numbers. Who then, will be delivering the food?
     
    3. Food Riots
     
    Because of the food shortages, riots and organized gang violence will occur. The military is trained to isolate these areas, but will not intervene. If you call 911, nobody will be answering. This will be the time that you wished you had listened to many in the alternative media because this is the time that America will begin to see a large loss of life.
     
    4. Martial Law Will Be Declared
    DHS and the military has already practiced for this development. Travel will be limited and it will stopped all together in areas where the civil unrest is at its worst.

    The  2012 and 2014 National Defense Authorization Act (NDAA), will allow government officials to “disappear” anyone they want to and for any reason, or no reason at all.  The NDAA suspends habeas corpus, provides for indefinite detention and this is done on the premise that certain kinds of Americans are threats (e.g. Second Amendment supporters, Bible-believing Christians). This is where the present harassment of Christians will turn into the outright persecution of Christians.
    I think the public has a right to know how its government plans to handle future protests. Is America the new Venezuela, Egypt, or Ukraine?  A previously secret document which was leaked online; entitled FM 3-39.40 Internment and Resettlement Operations (PDF).

    RIOT FORMATIONS

    H-42. Quick-reaction force teams should be established with a minimum response time. Because of the physical nature of riot control, individuals in riot control formations should not carry rifles. Nonlethal attachments should follow closely behind the riot control formation. Lethal coverage must be provided for this entire formation. (See FM 3-22.40.)

    DESIGNATED MARKSMEN
    H-43. During a nonlethal engagement, the use of designated marksmen provides confidence and safety to those facing a riot. If a lethal threat is presented, the designated marksmen in overwatch positions (armed with appropriate sniper weapons mounted with high-powered scopes) can scan a crowd and identify agitators and riot leaders for apprehension and fire lethal rounds if warranted. Additionally, they are ideally suited for flank security and countersniper operations. (See FM 3-22.40.).
     
    [/size]

    Travel restrictions will be a part of this process.

    [size][size]
     
    Government Control Over All Fuel and Transportation
    These are some of the things that government can do to you courtesy of several executive orders.

    Executive Order 10990
    Allows the government to take control over all modes of transportation, highways, and seaports.

    Executive Order 11003
    Allows the government to take over all airports and aircraft, including commercial aircraft.

    Executive Order 11005
    Allows the government to take over railroads, inland waterways, and public storage facilities.

    Executive Order 10997
    Allows the government to take over all electrical power, gas, petroleum, fuels, and minerals.

    Government Control Over All Food and Water
    Executive Order 10998
    Allows the government to take over all food resources and farms
     
    The Ability to Enslave the American People

    Executive Order 11000
    Allows the government to mobilize civilians into work brigades under government supervision.

    Executive Order 11001
    Allows the government to take over all health, education, and welfare functions.

    Executive Order 11002
    Designates the Postmaster General to operate national registration of all persons.

    Executive Order 11004
    Allows the Housing and Finance Authority to relocate communities, build new housing with public funds, designate areas to be abandoned, and establish new locations for populations.


    Ability to Grant the President Total Dictatorial Control

    Executive Order 11051
    Specifies the responsibility of the Office of Emergency Planning and gives authorization to put all Executive Orders into effect in times of increased international tensions and economic or financial crisis.

    Executive Order 11310
    Grants authority to the Department of Justice to enforce the plans set out in Executive Orders, to institute industrial support, to establish judicial and legislative liaison, to control all aliens, to operate penal and correctional institutions, and to advise and assist the President.

    Executive Order 11049
    Assigns emergency preparedness function to federal departments and agencies, consolidating 21 operative Executive Orders issued over a fifteen year period.

    There are more examples, but I think you get the idea. Your government has practiced to subjugate and even murder you in times such as these.

    Conclusion

    After the BREXIT vote, the globalists are like a wounded animal. We will soon see false flag econommic events everywhere. Every modern country will be impacted. We are entering the Dark Ages II. It is great that the people of the world are beginning to stand up to the globlists. However, we must remember the old saying, “Freedom is never free”.


    http://beforeitsnews.com/war-and-conflict/2016/06/bexit-wiill-lead-to-an-american-economic-collapse-heres-what-you-need-to-know-2461857.html
    [/size][/size]



    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jun 25, 2016 11:57 pm

    TheBricsPost:
    AIIB announces special fund, approves $509 mn for first projects
    http://thebricspost.com/aiib-announces-special-fund-approves-509-mn-for-first-projects/#.V28cmesrJD9


    SputnikNews:
    Moscow, AIIB Agree on Appointment of Russian Vice President
    http://sputniknews.com/business/20160625/1041935304/aiib-russian-vice-president.html


    SputnikNews:
    Russia, China to Expand Transactions in National Currencies - Putin
    http://sputniknews.com/world/20160625/1041945273/russia-china-national-currencies.html


    Transpicuous News: Brexistential Distraction
    The "BREXIT" Mania has reached epic proportions.  The Economic Talking Heads are spinning their doctoring and propping up the propaganda, with "news" stories rolling out like broken records.  all they've done is replaced the operative word in the blaming sentence.  This time, it's "BREXIT". Today I took a look at the distractions and discussed what the talking heads were ranting about, and what they weren't saying at all.
    http://removingtheshackles.blogspot.com.au/2016/06/transpicuous-news-brexistential.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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