INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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

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 ...

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
    

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

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

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

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

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
 

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

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

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

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

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

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

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

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

A Lesson for American States 

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

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 )

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

[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.).
 
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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
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