by Chris Campbell
Laissez Faire Books
Last Friday, you may recall, we spoke of the Brexit and the c?o?m?i?n?g? Age of Decentralization. Scratch that. Sorry. The Age of Decentralization is not “coming.”
We’re in it.
Which is why, all week, in our DECENTRALIZE EVERYTHING series, we’re going to be exploring companies which are set to destroy some very established industries.
It’s our small contribution to the Age of Decentralization — where everything which can be decentralized, will be. And all the Goliaths who are susceptible of toppling in the Rush of the Davids, almost certainly will be crushed betwixt their toes.
Continue Reading at LFB.org…
by Karl Denninger
The so-called “counter protesters” must be indicted and imprisoned.
The Traditionalist Worker Party, or TWP, whose leader describes it as a “white nationalist” group, had a permit for a noon rally near the state Capitol, said Officer George Granada, California Highway Patrol public information officer with the Capitol Protection Division. Another group showed up “to stop them from carrying on their permit,” he said.
Now note that the so-called “TWP” folks are, by their own admission, “white nationalists.”
Continue Reading at Market-Ticker.org…
by Mike ‘Mish’ Shedlock
The Reserve Bank of Australia is so concerned about deflation that it did a study on why prices are so low despite a 33% collapse in the Australian dollar vs. the US dollar since June 2011.
The RBA blamed competition and discounters like Aldi.
Australian Dollar vs. US Dollar
Continue Reading at MishTalk.com…
by Daily Bell Staff
The Daily Bell
Clinton on voters’ trust issues: ‘I know I have work to do’ … Hillary Clinton, facing direct criticism about her trustworthiness from rival Donald Trump, admitted Monday she needs to do more to earn voters’ trust. “I personally know I have work to do on this front,” Clinton said at a Rainbow Push Collation luncheon, from prepared remarks. – CNN
This recent speech by Ms. Clinton was an effort to rectify a growing “trust gap” between her and voters. It was all about acknowledging mistakes – and showing she listened and cared.
Clinton has long struggled to explain why voters don’t trust her, but Monday marked the most thorough and comprehensive attempt she has made to address the issue during this campaign.
“It certainly is true, I have made mistakes. I don’t know anyone who hasn’t,” she said.
Continue Reading at TheDailyBell.com…
“Signatories” came from Ghana, Vietnam, Uganda and Turkmenistan.
by Tiffany Gabbay
As if we needed further proof that the mainstream media are barren of a single shred of journalistic integrity and that its members are in dire need of public flogging…
So desperate are media elite for a Brexit vote reversal that they are literally reporting lies as incontrovertible fact. No sooner had the majority of British voters made their voices heard with a vote to exit the European Union, than mainstream media at home and abroad begin peddling the narrative that Brits were “remorseful” over their decision and wanted a “do-over.”
How on earth members of media knew precisely how millions of British voters felt in the 24 hours following the vote is beyond us. Perhaps they went door to door to ask. Perhaps they acquired new telepathic abilities.
No. They just lied. As they always do.
Continue Reading at TruthRevolt.org…
Halting the process is unlikely, but there are a few scenarios
by Mark DeCambre
Can the path toward Brexit set in motion last Friday be reversed? It’s a question that many chagrined Britons and global market participants are pondering intensely after the outcome of an unprecedented referendum that has threatened to cleave the U.K. from the rest of the European Union after 40 years of membership.
The so-called Brexit, or British exit from the EU, marks uncharted territory for Britain and Europe. No country has left the EU since its inception as MarketWatch’s London bureau chief, Karen Friar explains. Quitting the EU centers on Article 50 of the Lisbon Treaty, which sets forth a murky blueprint for giving up membership in the bloc. “Any member state may decide to withdraw from the union in accordance with its own constitutional requirements,” the provision begins.
Continue Reading at MarketWatch.com…
by Mark O’Byrne
Alan Greenspan, the former Chairman of the Federal Reserve has warned that Brexit was a “terrible outcome in all respects” and that we are in the “early days of a crisis.” U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on whether to quit the European Union, Greenspan said.
[…] That decision led to a “terrible outcome in all respects,” Greenspan, said in an interview with Bloomberg Surveillance yesterday in Washington.
“It didn’t have to happen,” Greenspan said. He warned that it is now likely that Scotland, whose majority of voters wanted to stay in the EU, will have another referendum on its own independence. He predicted such a vote would be successful, and Northern Ireland would “probably” go the same way.
Continue Reading at GoldGore.com…
by Greg Guenthner
“Political and economic uncertainty is here to stay,” Deutsche Bank declares as we continue to fight through the Brexit fallout.
But the joke’s on them…
Uncertainty—especially the political and economic kind—is always swirling around the markets. Big events like the Brexit vote simply magnify it.
We’re already sick of the nonsense—and we’re just two trading days removed from the main event! So today, we’re taking a break from all the Brexit speculation. We’re going to instead concentrate on market action—and a powerful trading strategy you can put to use right away.
Continue Reading at DailyReckoning.com…
by Chuck Butler
Good Day… And a Tom Terrific Tuesday to you! Another day above ground, that’s a good thing! I thank the Good Lord each night for that day, even if I spent it being sick, fogged brain, or just in the dumps, for if I didn’t experience days like that, I would take the great days for granted! The Blue Jays greet me this morning with their appropriate morning song: When You Wake Up… The Blue Jays were basically, John Lodge and Justin Hayward of the Moody Blues, so the music sounds much like a Moody Blues album. And longtime readers know all too well how highly regarded I hold the Seventh Sojourn album by the Moody Blues…
Continue Reading at DailyPfennig.com…