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The Brexit Vote Will Be Rigged

Written by Jeff Nielson (CLICK FOR ORIGINAL)

How important is the upcoming “Brexit” vote in the UK? In a recent commentary, it was noted that the current leader in French polling to become France’s next president is Marine Le Pen, of Front-National. Ms. Le Pen has already dubbed herself “Madame Frexit”, going back to the time of the “crisis” in Greece.

Given that the UK has never been fully “in” the European Union, a British vote to leave the EU would not, by itself, be a fatal blow for this fascist entity. But the effect of a Brexit vote on France would be twofold. First, it would undoubtedly provide a further boost in popularity for Ms. Le Pen. Secondly, it would strengthen the resolve toward Frexit among the large majority in France who already have an unfavorable opinion of the EU.

The numbers above, cited in an article by Mike Shedlock, paint a clear picture. In only one of the European Union’s founding members (Italy) do we see anything resembling a “strong majority” when it comes to supporting EU membership. Apart from two EU newcomers – Poland and Hungary – we see European populations which are either evenly split in terms of support for the European Union, or (like Greece) are strongly opposed to this political union.

A successful Frexit would undoubtedly trigger a wave of nationalism across Europe, and lead to further, fatal defections in this made-for-the-bankers political hierarchy. Thus in the eyes of the Big Bank crime syndicate, Frexit must be prevented, at any/all costs. Since a successful Brexit would greatly increase the odds of Frexit, it too must be prevented, at any/all costs.

This brings us to the title for this commentary. Alleging the “rigging” of any election is still considered to be a very serious charge in the minds of most Western inhabitants, because the majority of these inhabitants still cling to the myth that we have a political system which provides some bastardized version of “democracy”. What evidence is there to support allegations that the One Bank’s oligarch proprietors arealready rigging Western elections? The best kind: statistical evidence.

This evidence comes in the form of election polling. Here readers need to understand that political polling is a science. There is a very specific set of parameters which are used in gathering the data. The results released by the polling agencies are precise, statistical representations of that data.

Because the “data” involves only a sample of the electorate, there is a margin of error in such polling. That margin of error is also the result of precise, statistical calculations. Because the data involves the voting inclinations of human beings, this produces a second margin of error, known as “the confidence interval.” This is the possibility of an anomalous result, meaning something outside of the margin of error attributable to the mere size of the sample.

<span …read more

Source: The Brexit Vote Will Be Rigged

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By Tyler Durden

Submitted by Michael Snyder via The Economic Collapse blog,

If you think that Donald Trump already has the Republican nomination locked up, then you don’t understand what is going on behind the scenes.
It has long been my contention that the elite will move heaven and earth in order to keep Trump from ever setting foot in the Oval Office. One way that they could try to do this is by attempting to deny him the nomination at the Republican convention next month. Over the past couple of days, the Washington Post, CNN and a whole host of other mainstream news outlets have been reporting on a new “last-ditch effort” that has been launched by Republican operatives to get the Republican convention Rules Committee to unbind all of the delegates and allow them to vote however they want. As you will see below, they can do this, and if they get enough votes they will do it.

This current effort is different from what we have seen so far during this campaign season, because it is actually being organized by the delegates themselves. The following comes from the Washington Post…

Dozens of Republican convention delegates are hatching a new plan to block Donald Trump at this summer’s party meetings, in what has become the most organized effort so far to stop the businessman from becoming the GOP presidential nominee.

The moves come amid declining poll numbers for Trump and growing concern among Republicans that he is squandering his chance to defeat Democrat Hillary Clinton. Several controversies — including his racial attacks on a federal judge, his renewed call to temporarily ban Muslims from entering the United States and his support for changing the nation’s gun laws — have raised fears among Republicans that Trump is not really a conservative and is too reckless to run a successful race.

This movement is being spearheaded by a delegate from Colorado named Kendal Unruh. She is actually a key member of the Republican convention Rules Committee, and this is very important for reasons that I will explain below.

For her, it is not about getting some other specific candidate nominated. Rather, the entire goal is simply to stop Donald Trump…

“This literally is an ‘Anybody but Trump’ movement,” said Kendal Unruh, a Republican delegate from Colorado who is leading the campaign. “Nobody has any idea who is going to step in and be the nominee, but we’re not worried about that. We’re just doing that job to make sure that he’s not the face of our party.”

So what will it take for Unruh and her allies to be successful?

As Fox News explained, there are basically two courses of action…

To prevail, Unruh needs a majority of the 112 members of the convention rules committee, which has two delegates from each state and territory. Then, a majority of the full convention’s 2,472 …read more

Source: Republican Operatives Launch All-Out Effort To Unbind Delegates, Deny Trump Nomination

    

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By Tyler Durden

With the 'Remain' campaign having the momentum, the establishment are oh-so-carefully capitalizing on the death of MP Jo Cox, no matter what the facts are. In the latest piece of hysteria-mongering, a perfectly hypocritical UK Chancellor George Osborne demanded Brexit supporters use more “facts” and less “divisive political debate” seconds before comparing UKIP to the Nazis and reasserting his discredited doomsday predictions for the economy.

As Brietbart.com reports, Osborne said on ITV on Sunday…

“Look, first of all, I hope because of the tragic death of Jo [Cox] we can have a less divisive political debate in our country,” he said on ITV this morning.

“And, particularly in the last few days of this referendum, we can have less baseless assertion and inflammatory rhetoric and more reasoned argument and facts,” he added.

Then, in the same interview…

He went on to say that UKIP and Nigel Farage’s “breaking point” poster was “disgusting and vile”, and had “echoes” of 1930s Nazi propaganda – himself echoing writers in the Guardian and a trades union boss, Dave Prentis of Unison, who reported the poster to the police for “inciting hatred”.

Yet even fellow Conservative MPs were shocked at how the Chancellor had so bluntly and shamelessly used the good name of the late Ms. Cox for political capital, just 48 hours after her death.

As Mr. Osborne went on to say UKIP were:

“whipping up concerns, whipping up division, and making baseless assertions that millions of people are going to come into the country in the next couple of years from Turkey.”

Adding:

“That is what we should say no to. And, this referendum vote is a vote on the kind of Britain we want… do we want a meaner, narrower Britain that is poorer in every sense of the word?” he asked.

.@George_Osborne calls UKIP's recent #EURef poster 'disgusting and vile'. #Peston https://t.co/kwEk0RtJnd

— Peston on Sunday (@pestononsunday) June 19, 2016

George Osborne’s idea of “reasoned argument” and “facts” — presented in the past week — include his widely mocked doomsday predictions for a post-Brexit economy, based on figures from an “independent” organisation mostly funded by the European Union (EU) and British government. His so-called ‘Brexit emergency budget’ was slammed by dozens of MPs in his own party, who promised to vote it down, as it was effectively using his power to threaten voters with punitive cuts and tax rises if they choose to vote against him.

…read more

Source: UK Chancellor Demands Brexiters "Tone Down Rhetoric," Then Compares Them To Nazis

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By Tyler Durden

Submitted by Richard Spencer via JihadWatch.org,

Really, what did you expect?

A considerable portion of U.S. domestic and foreign policy is based on the assumption that Islam in the U.S. will be different: that Muslims here believe differently from those elsewhere, and do not accept the doctrines of violence against and subjugation of unbelievers that have characterized Islam throughout its history. But on what is that assumption based?

Nothing but wishful thinking. And future generations of non-Muslims will pay the price.

“Meanwhile, An Islamic Fifth Column Builds Inside America,” by Paul Sperry, IBD, October 1, 2015 (thanks to Pamela Geller)

In berating GOP presidential hopeful Ben Carson for suggesting a loyalty test for Muslims seeking high office, CNN host Jake Tapper maintained that he doesn’t know a single observant Muslim-American who wants to Islamize America.

“I just don’t know any Muslim-Americans — and I know plenty — who feel that way, even if they are observant Muslims,” he scowled.

Tapper doesn’t get out much. If he did, chances are he’d run into some of the 51% of Muslims living in the U.S. who just this June told Polling Co. they preferred having “the choice of being governed according to Shariah,” or Islamic law. Or the 60% of Muslim-Americans under 30 who told Pew Research they’re more loyal to Islam than America.

Maybe they’re all heretics, so let’s see what the enlightened Muslims think.

If Tapper did a little independent research he’d quickly find that America’s most respected Islamic leaders and scholars also want theocracy, not democracy, and even advocate trading the Constitution for the Quran.

These aren’t fringe players. These are the top officials representing the Muslim establishment in America today.

Hopefully none of them ever runs for president, because here’s what he’d have to say about the U.S. system of government:

• Muzammil Siddiqi, chairman of both the Fiqh Council of North America, which dispenses Islamic rulings, and the North American Islamic Trust, which owns most of the mosques in the U.S.: “As Muslims, we should participate in the system to safeguard our interests and try to bring gradual change, (but) we must not forget that Allah’s rules have to be established in all lands, and all our efforts should lead to that direction.”
• Omar Ahmad, co-founder of the Council on American-Islamic Relations, the top Muslim lobby group in Washington: “Islam isn’t in America to be equal to any other faith, but to become dominant. The Quran should be the highest authority in America, and Islam the only accepted religion on Earth.”
• CAIR spokesman Ibrahim Hooper: “I wouldn’t want to create the impression that I wouldn’t like the government of the United States to be Islamic sometime in the future.”
• Imam Siraj Wahhaj, director of the Muslim Alliance in North America: “In time, this so-called democracy will crumble, and there will be nothing. And the only thing that will remain will be Islam.”
• Imam Zaid Shakir, co-founder of Zaytuna College in Berkeley, Calif.: “If we put a nationwide infrastructure in place and marshaled our resources, …read more

  Source: 51% Of U.S. Muslims Want Sharia

      

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HBO Now went down for many viewers as HBO was broadcasting hit TV show “Game of Thrones.” …read more

Source: Anger as HBO Now goes down during ‘Game of Thrones’

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“Game of Thrones” pits Jon Snow against Ramsay Bolton in the epic “Battle of the Bastards.” …read more

Source: ‘Game of Thrones’ battle: Jon Snow v. Ramsay Bolton

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By Tyler Durden

In exceptional America’s new normal, there is no consequence for under-performance. In China, however, as this shocking clip shows, for Rural Commercial Bank employees that do not “exceed themselves” there is one punishment… Public Spanking!

As China People’s Daily reports, a bank manager spanks employees at a Rural Commercial Bank for not “exceeding themselves” in Changzhi, Northern China…

Shocking: Manager spanks employees at a Rural Commercial Bank for not “exceeding themselves” in Changzhi, N #China.https://t.co/x0wlx7fJOK

— People’s Daily,China (@PDChina) June 19, 2016

…read more

Source: Caught On Tape: What Happens In China When You Don’t "Exceed Expectations"

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Entrepreneur Laila Alawa has been viciously harassed online after an article on The Daily Caller portrayed her as pro-9/11. …read more

Source: Entrepreneur deluged by hateful tweets

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Entrepreneur Laila Alawa has been viciously harassed online after an article on The Daily Caller portrayed her as pro-9/11. …read more

Source: Muslim woman deluged by ‘hate tweets’ after helping Homeland Security panel

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By Tyler Durden

Submitted by Pater Tenebrarum via Acting-Man.com,

Taking Off Like a Rocket

There are actually two problems with corporate debt. One is that there is too much of it… the other is that a lot of it appears to be going sour.

Harvey had a good time in recent years…well, not so much between mid 2014 and early 2016, but happy days are here again!

As a brief report at Marketwatch last week (widely ignored as far as we are aware) informs us:

“Businesses racked up debt in the January-to-March period at the fastest pace in three quarters, according to data released Thursday.

Business debt grew at a blistering 7.9% annual rate in the first quarter, the Federal Reserve said. Business debt has expanded by around 8% in three of the last five quarters. Companies still have substantial cash on the sidelines, as their stockpiles edged down to $1.89 trillion from $1.9 trillion.”

(emphasis added)

While Marketwatch told us how much cash companies are holding, for some reason it didn’t deign to tell us how much corporate debt there actually is, in dollars and cents. It would be nice to be able to compare these figures, wouldn’t it?

Here is a chart that shows the sum of commercial loans held by US banks and outstanding US non-financial corporate bonds:

US non-financial corporate debt… can’t have too much of a good thing! – click to enlarge.

Now, as we all know, this debt as been incurred in order to engage in wise capital investment, so it will be very easy to pay it back with future profits…. well, not really, actually. A lot of it appears to have been wasted in decidedly unprofitable investments. This should be no surprise with administered interest rates at zilch for many years.

The rest has been judiciously deployed for financial engineering purposes, such as stock buybacks, m&a activity and even dividend payments. This, we hear, has been quite good for the stock options of many a corporate executive. Who would want to begrudge them that?

Charge-Offs and Delinquencies Soar

We are just guessing here….but we believe there must be a few irate bank managers somewhere. Quite possibly they are irate with themselves, for having lent too much money to too many deadbeats. Here is a chart we have frequently shown before: the annual rate of change of the sum of charge-offs and delinquencies in commercial loans (we thank our late friend BC for the inspiration – may he RIP).

Believe it or not, this number is growing at a record fast pace as of Q1 2016 – at 122% y/y it is surpassing even the rate of change peak seen near the trough of the “Great Recession” of 2007 – 2009. And this is happening with the Federal Funds rate target at a measly 0.25-0-50% corridor and the broad money supply (TMS-2) still growing at more than 8% y/y!

The annual rate of change of the sum of delinquencies and charge-offs of commercial loans …read more

Source: The Problem With Corporate Debt

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