EU Banks Crash As Funding Panic Accelerates

The signs are everywhere - if you choose to look - Europe's banking system is collapsing (no matter what Draghi has to offer). From record lows in Deutsche Bank and Credit Suisse to spiking default risk in Monte Paschi, the panic in Europe's funding markets (basis swaps collapsing) is palpable.

Tumbling to a fresh post-Brexit low, Europe's Stoxx 600 Bank Index is testing EU crisis lows...

With Credit Suisse smashing to record lows...

and Deustche Bank crashing towards the inevitable Lehman moment...

As it seems the most systemically dangerous bank in the world is liquidating aggressively (via Reuters)

Deutsche Bank is looking to sell at least $1 billion of shipping loans to lighten its exposure to the sector whose lenders face closer scrutiny from the European Central Bank, sources told Reuters.

While the oil tanker trade has picked up, the container and dry bulk shipping industries are struggling with their worst downturn due to a glut of ships, a faltering global economy and weaker consumer demand.

Banking and finance sources familiar with the matter said Germany's biggest lender was initially looking to offload at least $1 billion.

"They are looking to lighten their portfolio and this includes toxic debt. It makes commercial sense to try and sell off some of their book," one finance source said. "They are not looking to exit shipping."

Deutsche Bank, which has around $5 billion to $6 billion worth of total exposure to the shipping sector, declined to comment.

Senior and Sub CDS are widening dramatically today with Italy's short-sale ban on Monte Paschi shares sparking a 10% bounce in the stock but CDS are unchanged implying a 66% chance of default.

Notably BMPS shares are leaking back lower after the opening ramp (desk chatterof takeover rumors have been dismissed) and the rest of the Italian banking sector is catching its cold (as we warned it would when Consob instigated the short-sale ban)

Which helps explain the crisis in Europe's funding markets as USD demand smashes higher (-9bps to -49bps in EUR-USD basis swaps)...

With counterparty risk concerns growing in Sterling banks...

Credit to Economic Collapse

Nigel Farage Let's get things started

Hillary’s Three Potential Destinies: The Presidency, Prison, and Assassination

Will the thousands of classified emails send Hillary to prison? If so, you can bet your bottom dollar that Bernie Sanders will not win the Democratic nomination, even by default.

The word on the street is that a successor for Hillary has already been hand picked and she, yes she, would surface until the Democratic Convention. Hint: She is a woman, a liberal Democrat and just as dangerous as Clinton. MORE IMPORTANTLY, SHE IS JUST AS CRIMINAL AS HILLARY CLINTON.  This is the second time in 6 months that this information has surfaced from credible sources. More on this potential Hillary replacement later in the article.

For the record, being an organization whose guiding principles are shaped by the Christian faith, The Common Sense Show does not support or endorse any act of violence other than in self-defense.

Prison or President or Assassination?

It is becoming increasingly clear that Hillary Clinton MAY not be a viable candidate for President in 2016, for much longer. Not because she will be indicted, she won’t be. In fact, Clinton has already told Loretta Lynch(mob) that she will be retained as Attorney General under in a Clinton presidency in the ultimate example of quid pro quo.

Ultimately, Hillary has three potential destinies in her immediate future and these include (1) being elected President with the support of those who have positioned themselves to be potential Hillary insiders; (2) Clinton could face prison on a variety of charges; and, (3) She could fall victim to an assassin because this loose cannon could pose a real danger to the establishment should she not get elected because she knows where all the bodies are buried.

The Case for a Hillary Presidency

In a recent article, I identified several groups who would greatly benefit from a Clinton presidency. Some of these groups included the military industrial complex, illegal immigrants who will be given more federal benefits than American citizens, and any business insider, in support of free trade agreements, who has paid enough tribute to the infamous Clinton Foundation.

Here is Soros choice for President. He will see her elected at any cost.

For the time being, Clinton is the choice of the criminal elite who think that they run this planet. Because of this support, Clinton enjoys the unwavering support of the mainstream media’s vast propaganda machine.

Additionally, the Clinton Foundation has raised over a billion dollars to spend on the election. Conversely, Trump is having a great deal of difficulty getting the GOP raise funds for his candidacy.

From a sheer power politics standpoint, Clinton stands as a slam dunk winner to become the next President of the United States.

The Case for Incarceration

In an investigation as lengthy as the email scandal, there is no question that Clinton has lied to the FBI. This serial criminal could not help herself. Lying is in her DNA. And lying to federal officials carries stiff prison terms, just ask Martha Stewart.

There is also a law that Clinton has broken and there is nothing she can do to cover up the breaking this law:

18 U.S. Code § 2071 – Concealment, removal, or mutilation generally

(a)Whoever willfully and unlawfully conceals, removes, mutilates, obliterates, or destroys, or attempts to do so, or, with intent to do so takes and carries away any record, proceeding, map, book, paper, document, or other thing, filed or deposited with any clerk or officer of any court of the United States, or in any public office, or with any judicial or public officer of the United States, shall be fined under this title or imprisoned not more than three years, or both.

(b)Whoever, having the custody of any such record, proceeding, map, book, document, paper, or other thing, willfully and unlawfully conceals, removes, mutilates, obliterates, falsifies, or destroys the same, shall be fined under this title or imprisoned not more than three years, or both; and shall forfeit his office and be disqualified from holding any office under the United States. As used in this subsection, the term “office” does not include the office held by any person as a retired officer of the Armed Forces of the United States.

Clinton’s violation of the aforementioned law is strengthened by the fact that the  New York Post reported that Clinton’s top aide, Huma Abedin, has now confirmed that Clinton destroyed at least some of her work schedules while serving as Secretary of State. Case closed, Clinton is guilty of violation the above statute.

Why isn’t the mainstream media covering this? Well, we know the answer to that question. And as previously stated, the present Attorney General has already been compromised because of her meeting with Bill Clinton and the promise that Hillary has made to retain Lynch as Attorney General under her administration.

The Case for Assassination

Hillary Clinton knows where all the bodies are buried and where the secret files are located, so to speak. If the Feds seriously start closing in, she could enter into a plea bargain. In this case, Clinton could not only implicate the entire Obama administration, she could potentially shed light on the criminal racketeering on people like George Soros and David Rockefeller. She could become a lose cannon very quickly whose revelations could topple the power structure in this country. This will never be allowed to happen. If Hillary Clinton crosses the line of becoming a snitch in order to avoid federal prosecution, she will not likely survive. Her plane will crash, she will be murdered by a “patsy” right-wing Trump supporter who will have a diary stating what he was going to do.

Although it is not likely that Clinton will never spend one day behind bars, she  could become unelectable. This could potentially make her a liability to the criminal elite.

An insider told me that if the criminal elite feels that she is unelectable, They may do away with her in the same fashion as Robert Kennedy or JFK. They are hoping that the sympathy vote will carry the day for their Hillary replacement.

There is precedent for what is being said here.

TAKE JFK’S VICE-PRESIDENT, LYNDON JOHNSON, WAS A TOTALLY UNELECTABLE THUG BUT WHEN JFK WAS ASSASSINATED, JOHNSON PICKED UP THE SYMPATHY VOTE THAT CARRIED HIM INTO THE OVAL OFFICE. DON’T THINK IT CANNOT HAPPEN AGAIN. TWO INSIDERS  THAT I HAVE SPOKEN TO ARE SAYING HILLARY IS DEEPLY FEARFUL. 

The skeletons are falling out of the Clinton closet and even her most die-hard supporters have to questioning if they can continue to support her.  Hillary better hope she stays out of court and ahead in the polls or she might be in real danger. Even if she is not indicted, if she becomes unelectable, she could STILL be in real danger. The last thing that the criminal elite want is to hand the election to Donald Trump because Clinton cannot be elected because of her scandals.

Who Would Replace a Deposed Clinton?

In keeping with the recent Democratic party principle of choosing candidates from groups who have previously been disenfranchised, it is safe to say that the next Democratic Presidential candidate will not be a white male. Obama was the perfect candidate who could usher in anti-American legislation and he would be largely be criticism proof because he is black and if you oppose his politics, well, you must be a bigot. Along these lines of creating a candidate who would be largely immune to criticism,  Hillary Clinton would be the ideal candidate because if you oppose her political agenda, well, you must be a sexist.

Object appear closer than they really are. This is a legitimate campaign button waiting in the wings.

Unfortunately, for the Democrats and their puppet masters, Hillary is falling into disfavor with the American electorate. Subsequently, a new candidate must emerge and increasingly it appears that Dianne Feinstein is going to be that person. And she too, has the background to make her difficult to criticize because she is both a woman and she is Jewish. Therefore, if you oppose Feinstein’s political agenda, well, you must be a sexist and anti-Semitic. Should the demographics matter? Of course not, but this is the way the game has been played when it comes to legitimate criticism of Obama’s actions as President.

I would strongly suggest that you read Feinstein’s vitae. She may not have the string of bodies that the Clinton’s do, but she is every bit the criminal the Clinton is and there is some convincing evidence that she is warming up in anticipation of a Hillary dump. And Hillary’s unexpected demise could lead to a sympathy candidate.

I do not think it likely that Feinstein could win the presidency on her own merit. However, if Hillary were to slip on a banana peel, the sympathy vote might just carry her into the Oval office.

To read more about Feinstein and her criminality and the fact that she has been positioned to replace a fallen Clinton, please click here.

This will all be decided by the Democratic Convention.

Credit to Common Sense

The Revolt Against Globalism... Is Going Global

There was William Galston at the European Council on Foreign Relations, listening to his fellow elitists and foreign policy honchos caviling about the rise of Donald Trump and bemoaning the fate of the European Union (EU) at the hand’s of Britain’s Euro-skeptics. As the assembled luminaries had a collective sad in their five-star hotel, wondering how the proles could’ve gotten so far out of hand, Galtson – longtime Democratic party hack, former domestic advisor to Bill Clinton, and a senior fellow at the “centrist” Brookings Institution – heard a call to arms. It was almost as if Cecil Rhodes, the British imperialist and original founder and financier of the Council on Foreign Relations, had spoken to him from on high – or, rather, from below – and commanded him to spread the Word far and wide:

“I realized that the stakes in the U.S. presidential election are even higher than I had thought. The fate of the entire postwar order hangs in the balance, and with it the prospects for democracy world-wide. Without vigorous American leadership, the prospects are not bright.”

Oh, yes, those shortsighted Little People are “turning inward,” and “this is understandable,” but, hey, “liberal internationalism is back on its heels” and the dreaded “ethno-nationalist populism” – i.e. resistance to the One World “global governance” schemes of Galston and his comrades – “is on the march.” What’s a globalist to do?

And it’s not just the English-speaking world that’s resisting the globalist agenda. Those Frenchies are getting restive, too, and the rest of Europe is balking at “the obvious candidate for continental leadership” for “historical reasons.” After all, everyone remembers the last time the Germans tried to impose “union” on the Europeans, so there’s that. See how prejudiced the Little People can be? They just don’t have the foresight to worry about the New Hitler – Vladimir Putin, if you even have to ask – who “senses a historic opportunity to exploit Europe’s divisions for his own purposes.” Why, he actually wants to trade with Europe, and that would undermine the war plans of the CFR types, who are fixated on restarting the cold war. Of course, they don’t actually say that in so many words, but the intent is clear enough. They put it like this:

“If Europe doesn’t hold together when facing a rearmed and resurgent Russia, the gains for democracy and free markets since the fall of the Berlin Wall and the collapse of the Soviet Union may well be rolled back.”

You know, “democracy” – like in Ukraine, where EU–inspired mobs overthrew the elected President and the coup leaders immediately launched a vicious war against their own people in east Ukraine, killing many thousands and unleashing neo-Nazi regiments like the Azov Battalion on those who dared to resist. That’s “democracy” for you! And alarm bells should go off whenever you hear a top advisor to Bill Clinton, Al Gore, and Walter Mondale hail “free markets.” It’s a signal for the looting to begin.

As usual, everything depends on the United States – as inheritor of Rhodes’ beloved British empire – but, alas, the “ethno-nationalist” contagion has spread across the Atlantic, and it may be that the Yanks are not coming:

“Now is the worst possible time for the US to pull back and, as Donald Trump would have it, to reframe America’s relations with Europe as a transaction to be terminated if the sums don’t come up right. Franklin Roosevelt understood that a democratic Europe was a vital national interest of the US So did Ronald Reagan and every other postwar president. US diplomacy in 2017 and beyond must reflect this core reality.”

In the transaction preferred by Galston and his ilk, America always comes out the loser.That’s because we have a Mission, and it doesn’t matter how much it costs: we must bear the weight of Empire on our shoulders without complaint and without regard for the welfare of our own citizens. After all, anything less would be selfish: no, we mustn’t succumb to the requirements of common sense and fiscal sanity. It’s our sacred duty to police the world, so people like Galston can sit around in the Hague and determine the fate of entire peoples.

Forget Asia: we can’t “pivot” eastward while the Poles are pining for American aid and arms and the Romanians are unhappy with their lot. If we pay too much attention to where more than a third of the world’s population resides, as opposed to focusing on Estonia (population under two million) we’ll miss out on a real opportunity to start World War III with Russia. And let’s stop with the “complaints about insufficient European military and diplomatic burden-sharing” since these “have proved ineffectual in the past.” Just like that good-for-nothing uncle who keeps coming to you for “loans” that are never repaid, you just have to buck up and keep handing out the cash – because your own ineffectuality is your best friend.

As for those trade agreements which are mislabeled “free trade” but are really just protectionist trade blocs meant to “integrate” us into supranational entities – it’s really a shame the two presidential candidates have bowed to pressure from the Little People and come out against them. But it’s not too late to shore up the failing EU by signing the Transatlantic Trade and Investment Partnership (TTIP).

Galston and the globalists are frightened to death: their plans for a world-spanning Empire on which the sun never sets seem to be sinking beneath the same waves that have overwhelmed all the empires of the past. But they aren’t giving up their grand plans just yet: far from it. As Galston puts it:

“None of this can succeed unless the American people are persuaded that outward-facing military, diplomatic and economic arrangements are consistent with their own well-being. Increased defense spending, which enhances job-creation as well as national security, may well be needed. New measures to cushion vulnerable Americans against the wage and employment shocks created by trade are essential.”

All this “America first” nonsense has to be dispensed with, and fast: Americans must be weaned away from their selfish parochial concerns and made to see that we’re all citizens of the Global Village. And if all this “outward-facing” policy means pouring our wealth into renovating some ramshackle Ukrainian hamlet until it meets the standards of a typical American slum, well then let’s create jobs on the home front by arming to the teeth – after all, we’ll be needing a lot more bombs if we’re going to be fighting the Russians. Just keep those government printing presses rolling!

And here’s the punch line you’ve been waiting for, where the Galstonian agenda is revealed for all to see:

“Given current circumstances, robust internationalism is inconsistent with the fiscal austerity imposed by budget sequestration, let alone Paul Ryan-style proposals for retrenchment in the social programs that working Americans rely on for what is left of their security. Whatever its proponents may say, a smaller government at home means retreat abroad. This is the road to disaster, and we must not take it.”

Galston has understood what the National Review crowd and the Ted Cruz conservatives refuse to acknowledge. As that Old Right prophet and polemicist Garet Garrett put it:

“Between government in the republican meaning, that is, Constitutional, representative, limited government, on the one hand, and Empire on the other hand, there is mortal enmity. Either one must forbid the other or one will destroy the other. That we know. Yet never has the choice been put to a vote of the people.”

More than fifty years after those word were written, the people are rising up against the globalist agenda – against Galston and his fellow World Planners – and demanding that the issue be put to a vote of the people. The Republican party, long a fortress of internationalism, has been breached and taken by self-avowed America First nationalists, and our British cousins have thrown off the shackles of a supranational super-State -in-the-making, reasserting their sovereignty and inspiring rebels on the continent to follow their example.

The revolt against globalism is going global – and that’s a good thing for libertarians and for all opponents of Empire. Whatever the contradictions and ideological idiosyncrasies of the various anti-globalist forces now on the move, their victory is a precondition for the recovery of liberty in America. Because Galston is perfectly correct to say that “a smaller government at home means retreat abroad.” He understands what the leadership of the post-World War II conservative movement has spent decades evading – and, more importantly, now the rank-and-file are beginning to understand how they’ve been lied to all these years, and why the promises of their leaders have all come to naught.

This is a great step forward for libertarians: the consciousness of the masses is being raised to new heights. Our task now is to engage them, educate them, and recruit them as soldiers in the fight to take our country back from Señor Galston and the regnant elites he represents.

Credit to Zero Hedge

Armenia ratifies deal with Russia on joint air defense

The Armenian parliament has ratified an agreement with Russia on establishing a united air defense system in the post-Soviet security bloc’s Caucasian region.

The agreement on joint air defense in the Caucasian region of the Collective Security Treaty Organization (CSTO) was supported by 102 Armenian MPs with eight votes against it and one abstention.

"With this agreement, we get an additional resource for our air defense," Armenian Deputy Defense Minister Ara Nazaryan said.

As Vice-Speaker of the Armenian parliament Eduard Sharmazanov said, the conclusion of the agreement arises from the republic’s "state and national interests."

"Armenia will create a united regional air defense system with the country, with which it has close allied and strategic relations," he said.

According to the vice-speaker, these relations are also successfully developing in the sphere of armament deliveries and security provision.

The Armenian authorities consider the presence of the Russian military base and Russian border guards in the republic to be an important component of national security.


Credit to Tass
More:
http://tass.ru/en/defense/885823

MUSLIM REFUGEES CAUSING RAPE EPIDEMIC IN THE U.S.

Swedish Politician Says It's "Worse" When Swedish Men Rape Women Compared To When Immigrants Do

In most sane circles, the act of rape is reprehensible and it makes absolutely no difference who perpetrated the act. However, in what will inevitably make blood shoot out of one's eyes to read, a politician in Sweden actually makes a distinction on the severity of the act depending on who committed it.

Swedish Left Party politician Barbro Sorman, who represents a district of the capital Stockholm, said on Twitter that it is "worse" when Swedish men rape women compared to when immigrants rape women because of cultural differences according to Breitbart.

"The Swedish men who rape do it despite the growing gender equality. They make an active choice. It's worse, Imo." Sorman tweeted, prior to deleting the Twitter account entirely.

When contacted by Sweden's Free Times, Sorman initially continued to defend the argument, however walked the argument back when pressed.

As Breitbart explains

When contacted by Sweden’s Free Times, Mrs. Sörman continued to defend this line of argument:

“Take a picture of Sweden as an equal society, where all are nurtured in equality. Then you can say that if you are brought up in it, you make an active choice to not be equal, rather than if you are brought up in a society that is not equal”, she said.

When pressed later, she backed tracked. She said the Tweets were “clumsily expressed”, adding: “I’m not saying it’s worse, of course not!”

The comments come at a time when 35 females were recently assaulted by "young men, who are foreigners" at a Swedish music festival in Karlstad. Adding even further relevance to the comments from an elected official, as we reported yesterday, a Swedish police report released last month said that, according to a survey carried out by the EU's rights agency, the country has the worst rates of sexual violence against women in all of Europe. As Infowars reports, Sweden is known as the rape capital of Europe due to immigrants being massively over represented in official rape statistics. Rapes in Sweden have skyrocketed by a stunning 1,472% from 1975 to 2014, when there were 421 and 6,620 sexual assaults respectively.

"77.6% of the country's rapists are identified as 'foreigners' (and that's significant because in Sweden, 'foreigner is generally synonymous with 'immigrant from Muslim country'). And even this likely understates the issue, since the Swedish government, in an effort to obscure the problem, records second-generation Muslim perpetrators simply as 'Swedes'." writes Selwyn Duke.

* * *

While it may be inconceivable that such comments are made, the comments actually align to how serious the country is about this horrific problem. Recall that Sweden's solution to Muslims attacking women was simply to have everyone wear a wristband that says "Don't Grope Me" on it.

This is yet another sad example of where we are as a society, and provides a little bit of insight as to why Sweden has the least amount of confidence in Donald Trump out of anyone in the world. Trump is inevitably entirely too politically incorrect for Sweden.

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Credit to Zero Hedge