From James Harkin (Webmaster & Editor of LindseyWilliams.net). Here is a summary of articles of interest from around the world for this week. Please LIKE the Lindsey Williams Online Facebook Page to see stories posted daily regarding the current state of the economy around the world.

Lindsey Williams Online | Promote your Page too

Latest News From June 24, 2016 to June 30, 2016:

• Jim Rogers on Brexit: ‘Worse than any bear market you’ve seen in your lifetime'
  The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings. “This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo Finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have distribution for a year and a half, it usually leads to bad things.”
• The United States Of Europe: Germany And France Hatch A Plan To Create An EU Superstate
  If you believe that the Brexit vote is going to kill the idea of a “United States of Europe”, you might want to think again.  In fact, it appears that the decision by the British people to leave the European Union is only going to accelerate the process of creating an EU superstate.  As you will see below, one of the largest newspapers in the UK is reporting that the foreign ministers of France and Germany have drafted “a blueprint to effectively do away with individual member states”.  So even though men like George Soros are warning that the eventual dissolution of the European Union is “practically irreversible” after the Brexit vote, the truth is that the globalists are not about to give up so easily.
• Gerald Celente Just Issued A Dire Warning To The World After His Shockingly Accurate Brexit Prediction
  Top trends forecaster in the world, Gerald Celente, just issued a dire warning to King World News on the heels of his shockingly accurate Brexit prediction. “The world certainly did change forever on that historic vote to leave the EU.  As I have long predicted, we are now looking at the dissolution of the European Union. Since the British voted to Brexit, what have we seen throughout Europe?  France, Germany, Italy, Finland, and the Netherlands, are all calling for referendums to leave the EU.
• ALERT: Man Whose Work Is Praised Around The World Says Gold To Soar $1,000 In 24 Months
  Interest rates have never been as low as today; 5,000 years of data confirm this. In the meantime government bonds valued at more than eight trillion dollars have negative yields to maturity. As an asset class, fixed income securities are more expensive than ever before. By now, central bank interventions have decimated all notions of honest, free market price discovery in bond markets and beyond. The centrally planned bubble in bonds is about to bring about the “euthanasia of the rentier” so craved by Keynes himself and his acolytes. When this bubble inevitably bursts, it will be abundantly clear how valuable an insurance policy in the form of gold truly is.
• Is This Epicenter Of Serious Trouble About To Send Shockwaves Across The World?
  Well, it looks like my traveling finally set a world record for volatility that will likely never be topped. I am of course referring to all the wild gyrations in virtually every tradeable market that took place on Friday — which continued for the most part today. There are any number of topics I could try to discuss, but I would like to focus on what I think are the key points of the ramifications of the Brexit vote. The very first thing to keep in mind is that the “winner” of all of this is liable to be a massive amount of uncertainty (compounded by the U.S. election looming in five months), which inhibits businesses from making decisions and at the margin causes people to sell many types of assets.
• Report to Supporters: The British Woke UP — Can The Americans?
  Many thanks for the support that you give to the website and for the words of encouragement and appreciation that you send to me. The website resulted from you calling me out of retirement. It is widely read and translated into foreign languages. I try to read every email, but it is not possible for me to read and comment on the many articles and books that you send or to respond to your questions over a wide range of issues, not all of which I know anything about. This website is a great deal of work. In our time to be truthful is to be provocative. To write provocatively leaves little room for error or mistatement as today’s euphemism terms it. I could shill for the establishment and be wrong 98% of the time and nothing ever would be said about it. But there is no forgiveness for a provocative truth-teller.
• China state planner on UK investment after Brexit: “Wait and see”
  Chinese companies may want to “wait and see” the impact of Britain’s vote to leave the European Union before they invest in the country, Xu Shaoshi, the head of China’s top economic planner said on Sunday, according to Reuters. However, the impact of the referendum on China’s economy will be limited, the chairman of the National Development and Reform Commission said. At the World Economic Forum meet in Tianjin city on Monday, Chinese Premier Li Keqiang said that China would continue strengthening ties with Europe and the UK.
• ECB Blows €400bn on “Brexit Black Friday” Bank Bailouts
  Dealing with a Financial Crisis under cover of Brexit Chaos. Remember TARP, the Troubled Asset Relief Program that the US Congress approved to bail out banks and other companies during the Financial Crisis? $700 billion were authorized, later reduced to $475 billion. The Treasury eventually dispersed $432 billion. I bring this up because the ECB bailed out the European banks with more than TARP, in just one day: on Brexit Black Friday. The ECB saw what was happening to the shares of the largest banks on that propitious day.
• How Vulnerable is the Shaky US Economy to Brexit Fallout and European Bank Meltdown?
  You know things are getting bad when our leaders call for calm. US Secretary of State John Kerry just did that. “It is absolutely essential that we stay focused on how in this transitional period, nobody loses their head, nobody goes off half-cocked, people don’t start moving on scatter-brained or revengeful premises,” he told reporters in Brussels on Monday after Brexit had thrown the EU into political turmoil, while European bank stocks had their worst two-day meltdown ever, on the toxic mix of Brexit and a full-blown banking crisis. And all kinds of things are suddenly happening.
• Crash of All Crashes Coming-Bo Polny
  Market cycle analyst Bo Polny says the vote by the UK (Brexit) to leave the European Union is a big turning point. Polny says, “Brexit is England and part of the cycle and I believe looks to be the actual trigger that is going to take gold higher and the trigger that is going to cause the world equity markets to collapse.  It looks like it started, but we will have a little bit of time yet before things get extremely crazy.  We are not going to get out of June before all heck breaks loose.” Polny also is predicting the Dow will eventually grind down to around the 5,000 level. Polny explains, “Basically, after the Dow hits that 5,000 or 6,000 point, it never recovers. This is the crash of all crashes. This is the one where there is no recovery.”
• US Banks Are Crashing & British Banks Halted After Crashing
  The Brexit contagion is spreading as USD liquidity and counterparty risk in the interconnected global financial system has reached US banks with Goldman at 3 year lows and BofA and Citi plunging over 12%. This happens just two days after the Fed released its latest stress test results finding that none of the 33 banks tested would need additional capital in case of a “severe” financial crisis. That conclusion may be tested soon.
• King Says Carney Calm Will Guide U.K. Through Brexit Uncertainty
  Mark Carney will help to guide the U.K. through the next few months amid political stasis after the Brexit vote, according to his predecessor as Bank of England governor. Mervyn King said the “most important thing” for the U.K. is an effective government and opposition. Both are absent after Britain’s vote to leave the European Union prompted Prime Minister David Cameron to resign and led to turmoil in the opposition Labour Party. Concern about political leadership was one factor cited by S&P Global Ratings on Monday when it stripped the U.K. of its top credit grade.
• Banks Suffer More Downgrades, Other Sectors To Feel Post-Brexit Pinch: Tuesday's Analyst Actions
  After Monday's deluge of downgrades on European banks, RBC Capital Markets continued the pile-on. “There has been a strong correlation between share prices and consensus EPS,” the analysts write. “We expect a prolonged period of uncertainty post Brexit to negatively impact business and consumer confidence across the U.K. and Europe and beyond.” And in this case, the team sees a number of reasons why their peers will also sour on the outlook for banks' bottom lines. Estimates for net interest income, investment banking revenues, and equity-sensitive revenues should come under the knife while loan loss provisions move higher, they anticipate.
• Italy eyes €40bn bank rescue as first Brexit domino falls
  Italy is preparing a €40bn rescue of its financial system as bank shares collapse on the Milan bourse and the powerful after-shocks of Brexit shake European markets. An Italian government task force is watching events hour by hour, pledging all steps necessary to ensure the stability of the banks. “Italy will do everything necessary to reassure people,” said premier Matteo Renzi. “This is the moment of truth we have all been waiting for a long time. We just didn’t know it would be Brexit that set the elephant loose,” said a top Italian banker.
• Brexit Is Just The Beginning: A Tidal Wave Of Popular Revolt Against The Ruling Elites
  Now that Britain has done the unthinkable and voted to leave the European Union, the critics are ruthless in their condemnation of Prime Minister David Cameron for his “irresponsible act” in calling the referendum in the first place. As if it were his fault. As if he was responsible for the bloated Brussels bureaucracy and undemocratic governance structure in the EU. As if he were to blame for the domination of an unequal union by a German chancellor responsive and accountable only to her own domestic political concerns.
• Ron Paul: The People Will Not Suffer From Brexit, Only the Global Banking Elite Will
  Since 1958, the European Union has been absorbing independent states across the continent. Starting with the original inner 6 countries (Belgium, France, Italy, Luxemburg, Netherlands, and West Germany) and ending with Croatia in 2013, the forced centralization of Europe was a massive and ominous force with which to be reckoned. Until now. On Friday, the people of Great Britain made their voice heard. They no longer want to be a part of the European Union and for good reason. For decades they have sat back and watched the global elite enrich themselves through special trade agreements ostensibly designed to bolster the economy, but in reality grant special treatment to those close to the top. George Soros exposed the dependence of the elite on the EU when he took to fearmongering about rampant financial collapse upon Brexit.
• ‘The Unthinkable Is Happening’: Italy Demands EU Reform, Warns Over Full Collapse
  Italian ministers warned Saturday that the European Union must change direction or risk collapse after Britain’s vote to leave the bloc. “The unthinkable is happening,” Finance Minister Pier Carlo Padoan said. “A double reaction to Brexit is under way, one financial, one political. The financial one, at least until now, is limited. I am more worried about the political one. “There is a cocktail of factors that can lead to various outcomes, including a further push towards disintegration.”
• Barclays, RBS Hit Post-Crisis Lows on Banks’ Brexit Plunge
  Barclays Plc and Royal Bank of Scotland Group Plc had their shares halted as the banks plunged to the lowest level since the financial crisis, accelerating declines after the U.K.’s vote to leave the European Union sparked fears about political and economic risks. Barclays shares fell more than 17 percent for the second straight day, and the stock has now lost more than half its value in the last 12 months. RBS plummeted as much as 26 percent in London trading, reaching the lowest levels since January 2009 amid the lender’s taxpayer bailout. Trading in both banks was halted earlier in the day amid the rapid drops.
• European Banks Have Their Worst Two Day Stretch EVER As The Global Financial Crisis Intensifies
  Over the last two trading days, European banks have lost 23 percent of their value.  Let that number sink it for a bit.  In just a two day stretch, nearly a quarter of the value of all European banks has been wiped out.  I warned you that the Brexit vote “could change everything“, and that is precisely what has happened.  Meanwhile, the Dow was down another 260 points on Monday as U.S. markets continue to be shaken as well.  Overall, approximately three trillion dollars of global stock market wealth has been lost over the last two trading days.  That is an all-time record, and any doubt that we have entered a new global financial crisis has now been completely eliminated. But of course the biggest news on Monday was what happened to European banks.  The Brexit vote has caused financial carnage for those institutions unlike anything that we have ever seen before.
• FREE FOOD AND MONEY- Total Self Sufficiency
  Free Living 101’. Shows you everything you need to survive within 1 mile of where you live. Garry Tibbo shows you how to live on the wild plants in your neighbourhood, make house payments without a job, heal any health condition and be truly self-sufficient no matter what. This amazing highly inspiring 6 disc set is a two day workshop that will show you how to never worry about the economy or your health ever again. This is true freedom. It’s great for people in northern climates where it snows in winter. This is mandatory information for these times! This DVD is available from: https://www.lindseywilliams.net/free-living-101
• We Just Witnessed The Greatest One Day Global Stock Market Loss In World History
  More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that global investors have already lost over the past 12 months.  It is important to understand that the Brexit vote was not the beginning of a new crisis – it has simply accelerated a global financial crisis that started last year and that was already in the process of unfolding.  As I noted on Friday, we have been waiting for “the next Lehman Brothers moment” that would really unleash fear and panic globally, and now we have it.  The next six months should be absolutely fascinating to watch. According to CNBC, the total amount of money lost on global stock markets on Friday surpassed anything that we had ever seen before, and that includes the darkest days of the financial crisis of 2008.
• Six More Countries Want Referendums to Exit EU
  Brussels simply went too far. They crossed the line after moving from an economic union to a political subordinate of Europe. Now, six more countries want to hold referendums to exit the EU; France, the Netherlands, Italy, Austria, Finland, and Hungary all could leave. With Hollande’s approval rating at about 11%, Merkel is lucky she is not tarred & feathered. Front National leader Marine Le Pen has pledged to hold a French referendum. If she emerges victorious in next year’s presidential elections, that means the next major player in the EU after Germany is out and there goes the EU.
• Time for a bit of project cheer? Despite Brexit turmoil, the FTSE 100 closes UP 158 points and the pound has a steady day against the dollar – but experts warn of a ‘dead cat bounce'
  The markets rallied today after the pound dropped to a 31-year low against the US dollar and £40billion was wiped off the FTSE 100. The FTSE 100 closed 158 points higher as initial jitters triggered caused by the Brexit vote calmed. Sterling had a relatively calm and is currently trading against the dollar at 1.33 – higher than where it was after the pound hit its lowest level since 1985 yesterday. However, experts dubbed the increases a ‘dead cat bounce'. This is a recovery in share prices after a substantial fall, only caused by traders buying to cover their positions when the markets reach new lows.
• BREXIT BODY COUNT — Bill Holter
  BREXIT: Does it signal a tidal wave of rising sentiment against the international criminal banking syndicate and its Globalist agenda, or is it merely a Trojan horse designed by the Rothschild banksters to further ensnare humanity in their NWO spider’s web? After all, Rothschild puppet George Soros was very publicly shorting stocks and going long gold in the months leading up to the Brexit vote. Did he know something the rest of us didn’t? Regardless, Bill Holter says there are dead bodies that need to be carried out as the result of the global financial chaos we saw on Friday, June 24th – and we will know a lot more about who those bodies belong to, on Monday morning.
• It's official—Brexit's ‘Black Friday' sell-off was the worst ever at $2 trillion
  The U.K.'s referendum to leave the European Union was a costly decision in more ways than one. Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday, according to data from S&P Global, the worst on record. For context, that figure eclipsed the whipsaw trading sessions of the 2008 financial crisis, according to S&P analyst Howard Silverblatt. The prior one day sell-off record was $1.9 trillion back in September of 2008, Silverblatt noted. According to S&P's Broad Market Index, combined market capitalization is currently worth nearly $42 trillion. As bourses sold off from Asia to the U.S., the fallout from Brexit culminated in the Dow Jones Industrial Average racking up a 600 point loss. Bloomberg's Billionaires Index noted that the world's 400 wealthiest investors lost a combined $127 billion in Friday's market downturn.
• What Billionaire Investors Are Doing with Gold While You're Not Watching
  With each passing day, systemic risks in the financial system become greater. Smart money insiders and billionaire investors are taking note – and taking defensive actions. Mega-billionaire Carl Icahn, whose long-term track record is unrivaled, recently warned that “there will be a day of reckoning unless we get fiscal stimulus.” Icahn’s hedge fund is betting on a day of reckoning scenario. He has gone 150% net short the stock market while holding commodity-related positions to the long side.
• UK votes to leave European Union: Period of uncertainty expected – Investors rush to gold
  In a stunning decision that is reverberating around the world, the people of the United Kingdom have decided to leave the European Union, the 28 member bloc and market of some 500 million that has its roots in the aftermath of the Second World War. Even more shocking perhaps is the margin of victory, the “Leave” campaign winning by 52 percent over the “Remain” side’s 48 percent. More than 17.4 million British people voted in the June 23rd referendum to exit the EU, compared to 16.1 million who cast ballots to stay the course.
• Alan Greenspan says British break from EU ‘is just the tip of the iceberg'
  Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that's even worse than the darkest days of October 1987. Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp. “This is the worst period I recall since I've been in public service,” Greenspan said on “Squawk on the Street.” “There's nothing like it, including the crisis — remember October the 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 which is not easy to go away.”
• “The Global Economy Can No Longer Rely On Debt” – BIS Warns Central Bank Actions “Have Started To Backfire”
  It's late June which means it is time for the annual warning by the Bank of International Settlements about the growing futility of monetary policy and central bank impotence. Exactly one years ago, the BIS asked “Of What Use Is A Gun With No Bullets?”, in which the BIS said central banks are defenseless against the coming crisis. Well, it underestimated just how far the central banking “magic people” are willing to reach inside their “magic bag of tricks” to preserve the status quo: to be sure nobody at the time expected the ECB to begin buying not just corporate bonds but junk bonds too.
• UK Loses AAA Credit Rating After Brexit Vote
  Ratings agency Standard and Poor's has stripped the UK of its top AAA credit rating after the vote to leave the European Union. “In our opinion, this outcome is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the UK,” a statement from the agency read. “The negative outlook reflects the risk to economic prospects, fiscal and external performance, and the role of sterling as a reserve currency, as well as risks to the constitutional and economic integrity of the UK if there is another referendum on Scottish independence,” S&P said. The loss of the last remaining “AAA” rating represents a fresh blow to Britain's economic standing after the referendum.
• As the west Brexits, Russia and China sign pacts to ‘Strengthen Global Strategic Stability'
  Chinese President Xi Jinping and his Russian counterpart Vladimir Putin promosed ever-closer cooperation and oversaw a series of deals on saturday, as the two countries deepen ties in the face of growing tensions with the west. In what was Putin’s fourth trip to China since Xi became president in 2013, the two men stressed their shared outlook which mirrors the countries’ converging trade, investment and geopolitical interests. “Russia and China stick to points of view which are very close to each other or are almost the same in the international arena,” Putin said. The Russian leader added that the two had discussed “strengthening together the fight against international terrorism”, the nuclear issue on the Korean peninsula, Syria, and stability in the South China Sea. Russia and China have been brought together by mutual geopolitical concerns, among them wariness of the United States.
• END OF THE EU? Germany warns FIVE more countries could leave Europe after Brexit
  FIVE European countries may seek to follow Britain’s lead in leaving the EU in a Brexit domino effect, Germany has warned. France, the Netherlands, Austria, Finland and Hungary could leave. Front National leader Marine Le Pen has pledged to hold a French referendum if she emerges victorious in next year's presidential elections. While for the past two months a Nexit has been on the cards after Dutch voters overwhelmingly rejected a Ukraine-European Union treaty. Details of Berlin's concerns were outlined in a finance ministry strategy document.
• How a secretive elite created the EU to build a world government
  As the debate over the forthcoming EU referendum gears up, it would be wise perhaps to remember how Britain was led into membership in the first place. It seems to me that most people have little idea why one of the victors of the Second World War should have become almost desperate to join this “club”. That's a shame, because answering that question is key to understanding why the EU has gone so wrong. Most students seem to think that Britain was in dire economic straits, and that the European Economic Community – as it was then called – provided an economic engine which could revitalise our economy. Others seem to believe that after the Second World War Britain needed to recast her geopolitical position away from empire, and towards a more realistic one at the heart of Europe. Neither of these arguments, however, makes any sense at all.
• Brexit vote, UK political confusion keep world markets on edge
  Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the British economy was strong enough to cope with the market volatility caused by last week's “Brexit” referendum which has resulted in the biggest blow since World War Two to the European goal of forging greater unity. “Our economy is about as strong as it could be to confront the challenge our country now faces,” Osborne told reporters.
• This is what the City and Wall Street are saying about Brexit
  Britain created history on Thursday night, voting to become the first country to leave the European Union, with a 52% to 48% split in votes to get out of the EU. Market reaction was insane, with assets across the board getting crushed. The pound saw its biggest single-day drop in history, European and US banking stocks crashed lower, and safe haven assets like gold took off upwards. Soon after the vote was confirmed, the Bank of England announced that it is “ready to provide more than £250bn of additional funds” to the UK's financial system. Simply put, Brexit totally freaked participants in the global financial system out.
• Brexit vote wipes nearly 100 billion pounds off FTSE in two days; banks slump
  Britain's top share index extended the previous session's steep losses on Monday as the country's vote last week to leave the European Union hurled it into political and economic uncertainty, hitting banks, housebuilders and airlines hard. Some investors took refuge in firms producing gold, seen as a safe-haven asset, with Fresnillo (FRES.L) closing up 7 percent after hitting a three-year high and Randgold Resources (RRS.L) gaining 9 percent. The FTSE 100 .FTSE ended 2.6 percent lower at 5,982.20 points, taking total losses to 5.6 percent in two sessions and wiping off nearly 100 billion pounds since the referendum results early on Friday. Shares in easyJet (EZJ.L) recorded their biggest one-day percentage drop in 12 years.
• Nigel Farage: UK heading for recession regardless of Brexit
  Nigel Farage has said Britain is progressing towards a “mild” recession – but insisted it was not because the UK had voted to leave the European Union. In the wake of the shock EU referendum results, hundreds of billions were wiped off the value of global stocks and the pound plunged to its lowest level against the dollar in more than 30 years. But the Ukip leader told the Sunday Telegraph: “There’s nothing new here. “I think we are going into a mild recession anyway, completely regardless of Brexit. “Our growth forecasts are down. Our public sector borrowing is still not under control at all and everyone forgets that sterling is in a bear market, declining since July 2014.”
• The magic number 7: Brexit collapse falls exactly on Shemitah date
  In 2014, Christine Lagarde gave a speech on “the magic number 7.”  It, along with work by Jonathan Cahn, led us to the Shemitah seven-year cycle and the Jubilee year, which the globalist elites are well aware of. What we’ve discovered since is that there is even more to the “magic number 7” than just years… it appears to correlate right down to months, weeks and days. The last major market crash occurred on September 29, 2008.  On that day, the Dow Jones fell 777 points, of all numbers…. its biggest one day point drop ever. On Friday, in the aftermath of Brexit, the Dow fell over 600 points.  What’s interesting about Friday’s date? It was 7 years, 7 months, 7 weeks and 7 days since September 29, 2008. And what a day Friday, June 24th was!
• They Are Putting Armed Guards On Food Trucks In Venezuela
  We are watching what happens when the economy of a developed nation totally implodes.  Just a few years ago, Venezuela was the wealthiest nation in all of South America, and they still have more proven oil reserves than anyone else on the entire planet including Saudi Arabia.  But now people down there are so hungry and so desperate that some of them are actually hunting dogs, cats and pigeons for food.  Just a few days ago, I gave a talk down at Morningside during which I warned that someday we would see armed guards on food trucks in America.  After that talk was done, I went back up to my room and I came across a New York Times article which had been republished by MSN that explained that this exact thing is already happening down in Venezuela.
• Despite the Vote, the Odds Are Against Britain Leaving the EU — Paul Craig Roberts
  The Brexit vote shows that a majority of the British voters understand that the UK government represents interests other than the interests of the British people. As difficult as the British know it is to hold their own government to account, they understand they have no prospect whatsoever of holding the EU government to account. During their time under the EU, the British have been reminded of historical times when law was the word of the sovereign. The propagandists who comprise the Western political and media establishments succeeded in keeping the real issues out of public discussion and presenting the leave vote as racism. However, enough of the British people resisted the brainwashing and controlled debate to grasp the real issues: sovereignty, accountable government, financial independence, freedom from involvement in Washington’s wars and conflict with Russia.
• After Brexit Shocker There Is Trouble At The Comex And The Global Financial System Is On The Brink
  In the wake of the stunning Brexit outcome in Britain there is trouble at the Comex as the price of gold surges and the global financial system is now on the brink.  This is why emergency central bank intervention is taking place. Victor Sperandeo:  “Right now I would be a buyer of the FTSE and a buyer of the British pound.  I would also stay long gold at this point.  I have 85 percent of my pension fund long gold and I would be a buyer on any dips. What’s more important is that there is virtually no gold at the Comex.  If the longs ask for delivery and they can’t deliver, then there will be a force majeure.  Meaning, they will settle for cash and that will send the price of gold much, much higher.
• EU Debate – Oxford Union. Daniel Hannan MEP
  Superb speech on Brexit. Daniel Hannan is a European Parliament member, who subsequently has now lost his job given the outcome of the referendum.
• People Around The Globe Are Still Stunned But This Is Really Going To Shock The World
  On the heel of an absolutely wild trading week where we witnessed history being made, people around the globe are still stunned but this is really going to shock the world. Stephen Leeb:  “A lot of things are uncertain after the Brexit vote. But there’s one thing that is certain: it sure hasn’t hurt the case for owning gold and silver. It goes beyond the mere fact that the added global uncertainty will in itself favor precious metals. If you look behind the shocking outcome of the referendum to see the frustrations that led so many in Britain to pull the lever to leave the EU, it suggests further reasons that gold and silver will benefit. At their core, those frustrations reflect a long period in which lack of real growth meant shrinking horizons and contracting lives, a state of affairs as true in the U.S. as in Britain for those outside the rarefied elite of top earners.
• Energy Expert Thinks U.S. Government Should Cut Its Strategic Oil Reserves In Half
  An energy expert thinks America’s massive oil reserves should be sold off, maybe as much as half — if not all of it. In a Wednesday interview with NPR, the global head of energy analysis for Oil Price Information Service, Tom Kloza said, “You might as well be wearing bell-bottoms as having 690 million barrels in storage,” indicating his belief that storing so much oil is an antiquated policy. Kloza also said that since U.S. oil production is on the rise and imports are declining, the need for such massive reserves is antiquated. The Strategic Petroleum Reserve (SPR) was created in 1975 in response to the Arab oil embargo, which lead to a spike in oil prices and even saw Congress call for increasing fuel standards for cars.
• BRICS react cautiously to Brexit
  After Britain voted to leave the 28-member European Union, members of the BRICS reacted with caution on Friday. China’s Foreign Ministry said Britain’s choice to exit the EU will have significant ramifications, although China is still keen to strengthen its ties with the UK. “The impact will be on all levels, not only on China-Britain relations. As to what kind of impact there will be, I believe all sides will calmly and conscientiously assess this,” Hua Chunying, spokesperson of the Foreign Ministry said in Beijing. “China supports the European integration process and would like to see Europe playing a positive role in international affairs. We have full confidence in the prospects for the development of China-EU ties,” she added. Beijing’s cautionary note came as other euro-sceptic leaders in the European Union called for their countries to follow suit.
• The Amount Of Stuff Being Bought, Sold And Shipped Around The U.S. Hits The Lowest Level In 6 Years
  When less stuff is being bought, sold and shipped around the country with each passing month, how in the world can the U.S. economy be in “good shape”?  Unlike official government statistics which are often based largely on projections, assumptions and numbers seemingly made up out of thin air, the Cass Freight index is based on real transactions conducted by real shipping companies.  And what the Cass Freight Index is telling us about the state of the U.S. economy in 2016 lines up perfectly with all of the other statistics that are clearly indicating that we have now shifted into recession mode.
• Black Friday: Shocking Brexit Vote Result Causes The 9th Largest Stock Market Crash In U.S. History
  Has the next Lehman Brothers moment arrived?  Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the “trigger event” that unleashes great financial panic all over the planet.  Of course stocks have already been crashing all over the globe over the past year, but up until now we had not seen the kind of stark fear that the crash of 2008 created following the collapse of Lehman Brothers.  The British people are certainly to be congratulated for choosing to leave the tyrannical EU, and if I could have voted I would have voted to “leave” as well.  But just as I warned 10 days ago, choosing to leave will “throw the entire continent into a state of economic and financial chaos”.  And “Black Friday” was just the beginning – the pain from this event is going to continue to be felt for months to come. The shocking outcome of the Brexit vote caught financial markets completely off guard, and the carnage that we witnessed on Friday was absolutely staggering.
• The Real Brexit “Catastrophe”: World's 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 England, David 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.
• Special Report on Brexit/Fantasy Meets Reality
  Do not believe the mainstream media that the Brexit vote crashed the global markets. The real reason why all markets tanked is record debt levels around the world that will never be paid back.  Fantasy has just met reality in the global markets, and the carnage is far from over. The fantasy of unpayable debt expanding forever is now beginning to be realized by the central banks that have been propping up the global economy since the 2008 meltdown.  The central banks cannot and will not be able to stop this unfolding crash.  If you are not prepared, there is little time left.  Bo Polny from Gold2020Forecast.com is on for the Early Sunday Release, and he says although there may be a bounce in the stock market, and pull back in gold and silver prices, the overarching direction for stocks is down, and the overarching direction for physical gold and silver prices are up.   I say the bonds which are considered an “asset” will turn into huge liabilities, and gold and silver will reclaim their proper place as money and a store of value.  Physical gold and silver will be considered true assets once again.  Please get ready for some very rough riding in the economy.
• Massive Defaults & Dramatic Increase in Gold-Nick Barisheff
  Gold expert Nick Barisheff wrote a book titled “$10,000 Gold” in 2013. According to Barisheff, that number is even more possible today. Barisheff contends, “It’s hard to believe when I wrote the book three years ago, and I talked about the issues that would lead to $10,000 gold are still there and have gotten much worse. None of the issues have been solved, and now we are in multiple bubbles, a lot of them surrounding debt, and it keeps growing all over the world, and that’s the main correlation to the price of gold.”
• Germany Says “We Won't Let Anyone Take Europe From Us”
  Yesterday we said that in the historic fallout and unprecedented confusion over Brexit, so far only one sure winner has emerged – namely Russia, where Vladimir Putin is watching the slow-motion collapse of this latest artifical aggregation of Europen states (a quick search of failed attempts at European integration results in tens of pages of results) with great interest and willingness to pounce at any opportunity – even as all of Europe is a loser, and nobody more so than Germany, whose chancellor Merkel is now watching her legacy go down in flames as first the UK, then 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. As would be expected, the more worried and desperate Germany gets, the more ridiculous things Germany is apt to say. Case in point is what German Foreign Minister Frank-Walter Steinmeier said earlier today, when he tried to reassure onlookers that the EU would weather the shock of the British vote to leave the union as he convened crisis talks.
• George Soros: “Brexit Makes EU Disintegration Irreversible”
  Just four days ago, the “big guns” when George Soros wrote a Guardian op-ed titled  “The Brexit crash will make all of you poorer – be warned” in which he said that “as opinion polls on the referendum result fluctuate, I want to offer a clear set of facts, based on my six decades of experience in financial markets, to help voters understand the very real consequences of a vote to leave the EU.” We promptly countered that Soros' set of “facts” may be clouded by his far greater equity stake in interests around Europe, and the globe, which would be drastically impacted by not only a Brexit, but by a European Union which is suddenly on the rocks.  That's precisely what happened when, as we wrote earlier, the world’s 400 richest people lost $127.4 billion Friday following the Brexit vote. Soros was among them.
• Fake Jobs Plague the U.S. Economy
  “When it becomes serious, you have to lie.” — Jean-Claude Junker, President of the European Commission. Normally, I would not bring a European politician into a discussion about the U.S. economy. But in this case, European Commission President Jean-Claude Junker has “let the cat out of the bag.” In an unguarded moment, Junker let slip the working principle that guides politicians everywhere. Think about it.
• Why Wal-Mart can NOT afford to pay workers a $15 minimum wage
  Can large corporations afford a $15 minimum wage better than small businesses? Despite the fact that roughly half of the minimum wage workforce is employed at businesses with fewer than 100 employees, corporations such as Wal-Mart have been used as the poster child in the case for a much higher wage floor. This claim rests on three talking points: These companies sell billions of dollars of retail goods or food products; their CEOs are typically paid a lot of money; and the higher pay will help get their employees off government programs. None of these justifications survive careful scrutiny.
• IRS admits to illegally seizing bank accounts; agrees to give the money back
  It's the stuff of libertarian dreams. The IRS admits that it wrongfully took money from innocent citizens, and it gives the money back. This is actually happening to victims of a little-known form of civil asset forfeiture carried out by the IRS on the premise of “structuring” violations. In case you didn't know, depositing or withdrawing just under $10,000 from your bank account multiple times is viewed as suspicious and possibly criminal activity. In a victory for lawmakers working to make it harder for the government to take property from innocent Americans, the Internal Revenue Service plans to give people who have had money seized over the last six years the chance to petition to get their money back, The Daily Signal has learned. According to a GOP source, the IRS told the House Ways and Means Oversight Subcommittee that it will send letters to everyone the agency seized money from for alleged structuring violations, which involves making consistent cash transactions of just under $10,000 to avoid reporting requirements, starting in October 2009. One petition has already been granted, and others are likely to follow.
• Europe's robots to become ‘electronic persons' under draft plan
  Europe's growing army of robot workers could be classed as “electronic persons” and their owners liable to paying social security for them if the European Union adopts a draft plan to address the realities of a new industrial revolution. Robots are being deployed in ever-greater numbers in factories and also taking on tasks such as personal care or surgery, raising fears over unemployment, wealth inequality and alienation. Their growing intelligence, pervasiveness and autonomy requires rethinking everything from taxation to legal liability, a draft European Parliament motion, dated May 31, suggests.
• Asian millionaires now the wealthiest in the world
  Your Asian counterparts are now wealthier than you are. Asian millionaires now control more wealth than their peers in North America, Europe and other regions, according to a new World Wealth Report from Capgemini, a consulting group. Asian millionaires saw their wealth jump by 9.9% in 2015, while poor performance in the equity markets in the United States and Canada slowed growth in North America to a sluggish 2.3% last year. Latin American millionaires, meanwhile, suffered a decline in net worth of 3.7%, driven by political volatility and a turbulent stock market in Brazil. Europe's growth was steady, with a 4.8% increase led by Spain and the Netherlands.
• New Home Sales Plunge Most In 8 Months Following Sharp Downward Revisions; Median Home Price Tumbles
  Despite exuberance in existing home sales, new home sales just printed 551k SAAR – missing expectations for the first time since Oct 2015 – sliding by the most since Sept 2015. With the last 3 months of exuberant increases – to 8 year highs – now revised drastically lower; and median prices tumbling to the lowest since June 2015, the picture of the US housing recovery is considerably less rosy than before… time for a rate-hike? This is what we said last month when new home sales soared to 8 year highs… Here is what drove the overall surge: a clearly “goalseeked” number resulting from a massive surge in Northeast sales, one which will be promptly revised lower next month.
• With a British adieu to EU, it's farewell to a Fed rate hike for now
  The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union. Not that the Fed needed another reason. Weaker-than-expected growth in U.S. jobs in recent months had already forced U.S. central bankers to put off a rate hike at their meeting last week.
• U.S. Durable-Goods Orders Fell 2.2% in May
  American businesses were pulling back on purchases of new equipment even before the U.K. vote to exit the European Union rocked global financial markets, a sign of corporate caution that will likely continue to act as a brake on the economy. Overall U.S. economic growth picked up in the second quarter, boosted by stronger consumer spending. But surprisingly weak business investment has remained a concern for Federal Reserve Chairwoman Janet Yellen and others. That weakness could be exacerbated in the coming months by “Brexit”-fueled uncertainty and dollar strength. “ ‘Brexit’ will not likely help matters,” said Steve Blitz, chief economist at M Science LLC, in a note to clients.
• Oi Bankruptcy Causes Shockwaves in Brazil’s Financial System
  The bankruptcy filing of Oi SA, the largest in Brazil’s history, is reverberating through the nation’s strained financial industry as investors tally the potential hit to creditors. Even as Egyptian billionaire Naguib Sawiris said he’s prepared to invest in the wireless carrier, Monday’s bankruptcy filing is likely to leave Banco do Brasil SA, Itau Unibanco Holding SA and others with steep losses on their holdings of Oi debt and trigger payments on $14 billion of derivatives contracts that are designed to pay out in an event of a default. Shares of Banco do Brasil slumped 4.5 percent.
• IMF warns the US over high poverty
  The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work. The report also cut the country's growth forecast for 2016 to 2.2% from a previous prediction of 2.4%. Slower global growth and weaker consumer spending were blamed. US economic growth slowed to an annual pace of 0.5% during the first three months of the year, down sharply from 1.4% in the last three months of 2015.
• Famous technical analyst now predicting crash during jubilee time period
  The flurry of banksters, ex-banksters (Alan Greenspan), insiders (Soros) and billionaires all warning we are on the edge of collapse now continues with a famous technical analyst. In an interview with Business Insider, Sandy Jadeja just predicted market crashes in late August, late September and late October. Jadeja is a famous technical analyst and chief market strategist at Core Spreads. He previously made no less than four accurate predictions of market crashes based on his charts and technical analysis. His latest dates are right around the Jubilee year end-date on October 2nd, 2016.
• China debt load reaches record high as risk to economy mounts
  China’s total debt rose to a record 237 per cent of gross domestic product in the first quarter, far above emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. Beijing has turned to massive lending to boost economic growth, bringing total net debt to Rmb163tn ($25tn) at the end of March, including both domestic and foreign borrowing, according to Financial Times calculations. Such levels of debt are much higher as a proportion of national income than in other developing economies, although they are comparable to levels in the US and the eurozone.
• US Federal Reserve should let inflation overshoot targets, IMF recommends
  US policymakers should allow inflation to rise above official targets, the International Monetary Fund has recommended, as it warned that the risks of deflation still loom over the world’s largest economy. The fund has said that the Federal Reserve should “accept some modest, temporary overshooting” of its inflation goal, allowing price growth to exceed 2pc for a period. IMF staff said that this would “provide valuable insurance against the risk of disinflation”, allowing price growth to wane, and fall back towards negative territory.
• Trolling for War With Russia
  Some 50 State Department officials have signed a memo calling on President Obama to launch air and missile strikes on the Damascus regime of Bashar Assad. A “judicious use of stand-off and air weapons,” they claim, “would undergird and drive a more focused and hard-nosed U.S.-led diplomatic process.” In brief, to strengthen the hand of our diplomats and show we mean business, we should start bombing and killing Syrian soldiers.
• Phantom Retail Job Growth And The Obamacare Hours Shuffle
  How is it that employment in the retail sector increased by 253,000 jobs since last August, yet total aggregate hours worked has not budged an inch? The number of U.S. workers clocking just above 30 hours has fallen to a record low relative to those with work hours just below ObamaCare’s new full-time threshold. The Obamacare shift from defining full-time employment for health-care benefits from 32 hours to 30 hours is to blame. As hours worked declines, reported employment rises. I have been harping about this for years.
• Have U.S. Weather Patterns Changed Permanently? This Week Record High Temps Scorch The Southwest
  This week we are going to see “life threatening” heat all across the southwest United States.  In southern California, temperatures will top triple digits in many areas on Monday, and the forecast is for the mercury to reach an astounding 121 degrees in Palm Springs.  Further inland, it is being projected that Phoenix and Las Vegas could both experience their highest temperatures ever early this week.  Summer is just beginning and we are literally seeing things take place that we have never seen happen before.  Just a few weeks ago, I wrote an article about how the weather seems to be going crazy all over America.  Is this just a temporary phenomenon or have weather patterns in the United States changed permanently? Most people know that the hottest place in America is Death Valley, California.  The record high for Death Valley during the month of June is 129 degrees, and it is being reported that even that record could fall this week.
• What the Heck’s Going on in Global Stocks?
  In Japan, the Eurozone, Denmark, Sweden, and Switzerland, where central banks, in their infinite wisdom, have imposed negative interest rates supplemented with harebrained bond-buying schemes, bond prices have soared to where many government bonds and even some corporate bonds are trading with negative yields. Given this amount of liquidity and the free-for-all in corporate borrowing, stock markets in those countries should be booming, which had been part of the plan. Alas, they’ve gotten hammered: almost all NIRP countries’ major stock market indices have gotten shoved, some deeply, into a bear market.
• Day of Reckoning for Banks in Italy, Spain, & Portugal Kicked Down the Road (Elegantly) for 18 Months
  Senior bankers in Spain and Italy can breathe a collective sigh of relief after Europe’s finance and economic ministers decided on Friday to postpone, for at least 18 months, a decision on setting a limit on the government bonds some banks can hold as eligible “risk-free” capital. It was one of four things keeping Spanish senior bankers awake at night. Now, they can sleep a little sounder. The initiative, initially proposed by the German government and supported by other fiscally hawkish governments such as Finland and the Netherlands, was intended to limit the purchase of public debt by banks, in order to break the vicious cycle of co-dependence that now exists between sovereign and bank risk.

Precious Metals Are The Only Lifeboat! I have persistently WARNED you what was happening in the gold market and why you needed to convert your paper assets to physical gold and silver by the middle of September 2015. You need to hedge against the financial instability with physical gold and silver. Call the experts to help you convert your IRA or 401k into Gold, Silver and Other Precious Metals. Call Goldco NOW before it's too late! Call Toll-Free 1-877-414-1385.

---

You May Also Like These Topics...

---

TRUMP OR HARRIS – The war for the US and the World…

November 4, 2024 2024, Articles, Lindsey Williams, Lindsey Williams Information, Newsletters No Comments

CONGRATULATIONS PRESIDENT TRUMP! Hi. I am James Harkin, and I am the webmaster of LindseyWilliams.net. I sent this as an email on Monday, November 4th, 2024, to all of the current subscribers to LindseyWilliams.net. I think a lot of the emails got blocked. So, I am creating this blog post that includes the entire email. […]

Finding Healing and Hope: Joanna Williams’ Heartfelt Journey at IBC Hospital

September 16, 2024 2024, Lindsey Williams, Lindsey Williams Information No Comments

Discover Healing Beyond Medicine: Joanna Williams’ Journey at IBC Hospital Finding the right healthcare provider can often feel like searching for a needle in a haystack. Joanna Williams, the widow of the esteemed Pastor Lindsey Williams, knows this journey all too well. Since 2011, she and her late husband sought quality care, eventually discovering BioCare. […]

In Celebration of Lindsey Williams 01/12/36 – 01/23/23

April 14, 2023 2023, Lindsey Williams, Lindsey Williams Information, Video Presentations 11 Comments

“I have fought a good fight, I have finished my course, I have kept the faith.” – Lindsey Williams In Celebration of LINDSEY WILLIAMS January 12, 1936 – January 23, 2023 On Saturday, April 1, 2023, at FBC Fountain Hills dba Cornerstone Family Church in Fountain Hills, Arizona, there was a special Memorial service in celebration of […]