WingIt:
Toasty: My biggest concern is that the ptb will just switch gears and put their sticky fingers in whatever new system we end up with. I think most people seriously underestimate the financial power that they have.
MALLY: THE NEW FINANCIAL SYSTEM WILL MAKE IT MUCH MORE DIFFICULT FOR THEM TO "SCAM" IN THE SAME WAY THAT THE CURRENT SYSTEM ALLOWS. THEY CAN GO 40 TRANSACTIONS BACK FOR EACH DEPOSIT/TRANSFER TO SEE WHERE THE MONEY CAME FROM AND WENT
THE NEW SYSTEM IS DIGITAL, WHICH IS MUCH FASTER~~THAT IS ALSO A HUGE DIFFERENCE FROM THE CURRENT SYSTEM
MANY MORE CHECKS AND BALANCES~~THEY WILL BE MUCH MORE LIMITED IN WHAT THEY CAN SO TO GAME THE NEW SYSTEM
....
Toasty: My biggest concern is that the ptb will just switch gears and put their sticky fingers in whatever new system we end up with. I think most people seriously underestimate the financial power that they have.
MALLY: THE NEW FINANCIAL SYSTEM WILL MAKE IT MUCH MORE DIFFICULT FOR THEM TO "SCAM" IN THE SAME WAY THAT THE CURRENT SYSTEM ALLOWS. THEY CAN GO 40 TRANSACTIONS BACK FOR EACH DEPOSIT/TRANSFER TO SEE WHERE THE MONEY CAME FROM AND WENT
THE NEW SYSTEM IS DIGITAL, WHICH IS MUCH FASTER~~THAT IS ALSO A HUGE DIFFERENCE FROM THE CURRENT SYSTEM
MANY MORE CHECKS AND BALANCES~~THEY WILL BE MUCH MORE LIMITED IN WHAT THEY CAN SO TO GAME THE NEW SYSTEM
....
WingIt cont…….
Brigantine: All I gotta say is Congratulations to our cousins in Britain! The word is, the Cabal threw Millions into a Stay in the EU Ad campaign and except for a few pocktst like Manchester (70% stay) the cabal's influence was soundly ignored. I just wish the same were true in this country.
Kaper: I heard Soros was major player creating EU and made billions, now he is shorting the market and making billions on the EU collapse
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HH: Paul Ryan announces a "revised IRS" agenda. House Republican Tax Reform Agenda
http://ift.tt/28SjVt6
ALSO ON YOUTUBE https://www.youtube.com/watch?v=5xEjikbExEo
ALSO READ: http://ift.tt/28WWgeE
Daystar: PAUL RYAN IS A BUSY MAN THESE DAYS......“But more than that, we want to make America the best place in the world to do business. Cut taxes on small business. Stop taxing people when they bring money into our country. Stop taxing new investments. Don’t punish people for saving and investing. “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.
Daystar: ITS IMPORTANT TO LOOK AT WHAT IS THE POSSIBILITIES OF POSITIVE THINGS HAPPENING RIGHT NOW
MyEyesAdored you: Well, holy smokes! They are proposing limiting the tax laws to fit on a post card, getting rid of the death tax (that's HUGE!), and stopping taxing Americans for exports. Whoop! Whooop!!!!! Revamping the IRS into 3 small groups. Sounds like Paul Ryan is on a serious roll!!!!
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Friday WingIt CC Replay with Gerry Maguire
Guests : Iko ward and Art
http://ift.tt/28Sk1Ro
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Bix Wier: It’s the Derivatives Dummy!!
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://ift.tt/28S1zvx
“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 www.RoadtoRoota.com
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WSOMN:
Sumpie: Regarding the equity markets, don't ignore the monster volumn today ... Brexistential Bloodbath - Dow Crashes 600 Points As Vol Explodes http://ift.tt/qouXdu
"Monday is where we’re going to see a truer-look at “where the bodies are buried” and a more accurate “price discovery” process than what we’re seeing today (as we’re washing out all the delta one flows which are dwarfing client trading)…lots of discipline being displayed thus far, with low turnovers and folks not chasing. "
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Angel: Brexit puts markets in 'post-central bank' world, expert says
Anita Balakrishnan | @MsABalakrishnan
As markets try frantically to parse Britain's exit from the European Union, they should look toward politicians, not just to central banks for the answer, experts told CNBC's "Squawk on the Street" on Friday.
"I think we've moved to a post-central bank environment," said Jeffrey Kleintop, chief global investment strategist at Charles Schwab. "For the past five or 10 years, we've looked to central bankers to guide us out of these shocks. I think this time, the focus moves to politicians."
British citizens voted Thursday to depart the European Union, leaving British trading partners worried about regulatory and political volatilityas Prime Minister David Cameron announced his intention to resign by October.
European Central Bank chief Mario Draghi attends the Committee on Economic and Monetary Affairs at the EU headquarters in Brussels on June 21, 2016.
John Thys | AFP | Getty Images
European Central Bank chief Mario Draghi attends the Committee on Economic and Monetary Affairs at the EU headquarters in Brussels on June 21, 2016.
The Bank of England responded that it was well-prepared with "substantial liquidity" for a period of uncertainty, while the European Central Bank said it would continue to ensure price and financial stability in the euro area.
But even a central bank's main tool — interest rates — has its limits, saidBill Gross, of Janus Capital.
"I have a sense that the ECB is going about as far as it can in terms of negative interest rates," Gross said. "Insurance companies are hurting, pension funds are hurting, the average saver is hurting and that's part of the reason, really, for this sort of mini-revolt here in terms of Brexit last night."
Indeed, Gross said the euro is likely to stay weak due both to ECB President Mario Draghi and to political unrest that encourages "non-growth-enhancing policies" that will "roil markets for some time to come."
"The euro, going forward, shouldn't be strengthening, if anything because of Draghi and if anything because of the dysfunctional nature of the EU family before Brexit," Gross said. "And now it's even worse afterward. So the euro is not a strong currency. "
While Gross didn't feel the EU was necessarily at risk, he said that there was a chance that established policies like free trade and immgration could move in reverse if marginal countries decided to follow Britain and bid to leave the bloc.
"This successful Brexit is a danger to risk assets if only because it endangers the established politics and the established economic policies," Gross said. "Those that voted to leave are basically voting for a rather populist theme, which to a certain extent are deflationary: I'm talking about restricting trade, I'm talking about slowing immigration and I'm talking about even at the edge, raising taxes."
Art Cashin, UBS director of floor operations at the New York Stock Exchange, likened the Brexit vote to the rise of U.S. presidential hopefuls like Donald Trump and Bernie Sanders, who also have taken stabs at existing free trade policies.
"Betting against the ruling class is becoming a global event," Cashin said. "And it may in fact be the first wedge in maybe not blocking, but certainly slowing down the sense of globalization that we've had. I think people have said, 'Enough, I want my own little space here, I want to be able to make my own decisions.'"
Still, Cashin doesn't completely discount the power of the U.S. central bank, and said he'll wait to hear from Fed Chair Janet Yellen on Brexit.
"There's more stuff to come here," Cashin said. "It's somewhat worrying."
Cashin said the effects of Brexit will take days or weeks to be thrashed through, a thought echoed by Kleintop who said this shock was not a "rip the Band-Aid off" type of event, but rather, would take three to four months to shake out. While the idea of relying on politicians may worry some, Kleintop said the upside is that politicians have to define their mandates and choose their responses.
"I think investors are better to stay on the sidelines and look for opportunities," Kleintop said.
He dismissed Friday's flight to safe haven trades, like gold, and said that more opportunities may reveal themselves to investors who wait a little longer.
"We don't think investors should be doing anything this morning," Kleintop said. "Hopefully they own some of those safe havens that buffer portfolios in times of stress, like Treasurys, like even cash or gold, in their well-diversified portfolio."
http://ift.tt/28WEiuP
KTFA:
Don 961: Frexit? Talk of EU Withdrawal Votes in France, Netherlands, Italy
EU Expected to Make British Departure Painful to Discourage Others
by Jason Ditz, June 24, 2016
With the European Union still reeling after last night’s British referendum coming out solidly in favor of withdrawing from the Union, Euroskeptic movements elsewhere on the continent are gaining momentum, with calls for votes in several nations.
French presidential front-runner Marine Le Pen is openly threatening a “Frexit” vote if elected, saying she would push for negotiations to expand French sovereignty within the EU and, if unsuccessful, move straight on to leaving the union, saying Britain “is setting a precedent.”
If Dutch MP Geert Wilders has his way, the Netherlands would be the next to hold a referendum. Recent opinion polls in the Netherlands show a major in favor of holding such a referendum, and while there’s not an overall majority in favor of leaving yet, analysts believe the British departure will add to that movement.
Italy’s Northern League, another Euroskeptic group, is also calling for a law that would allow such a referendum to take place. The Italian constitution currently does not allow referenda on international agreements, so such a law change would need to take place before they could hold any sort of binding vote.
http://ift.tt/28SBYTh
Don 961: Frexit? Talk of EU Withdrawal Votes in France, Netherlands, Italy
EU Expected to Make British Departure Painful to Discourage Others
by Jason Ditz, June 24, 2016
With the European Union still reeling after last night’s British referendum coming out solidly in favor of withdrawing from the Union, Euroskeptic movements elsewhere on the continent are gaining momentum, with calls for votes in several nations.
French presidential front-runner Marine Le Pen is openly threatening a “Frexit” vote if elected, saying she would push for negotiations to expand French sovereignty within the EU and, if unsuccessful, move straight on to leaving the union, saying Britain “is setting a precedent.”
If Dutch MP Geert Wilders has his way, the Netherlands would be the next to hold a referendum. Recent opinion polls in the Netherlands show a major in favor of holding such a referendum, and while there’s not an overall majority in favor of leaving yet, analysts believe the British departure will add to that movement.
Italy’s Northern League, another Euroskeptic group, is also calling for a law that would allow such a referendum to take place. The Italian constitution currently does not allow referenda on international agreements, so such a law change would need to take place before they could hold any sort of binding vote.
http://ift.tt/28SBYTh
via Dinar Recaps - Our Blog http://ift.tt/28Skao1
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