$ES_F MOC SELL $650mil $$
$ES_F SPX moc implied imbal $1.3B for SALE $$
$ES_F 02:34:26 TRADINGDATA2: (bshepard) ESM moving the the favored direction of the imbalalce meter ... down $$
$ES_F 81% sell side $$
John_Monaco (13:41:50): 75% sell side on the close
Back in the late 90’s, I began saying, “I’ll give the EU twenty years.” At that point, the EU seemed to be going great guns, but I believed that it was an ill-conceived concept that wouldn’t stand the test of time.
There were several reasons for my view. First, I didn’t believe that those countries that were entitlement-focused, such as the Greeks, would ever be as fiscally responsible as, say, the Germans, so the Germans (and other countries where there was a responsible work ethic) would end up subsidizing the Greeks (and to a lesser extent, Spain, Portugal, etc.)
Second, culturally, there was so great a divide between, say, the Austrians and the French, that they could never substantially agree on the union’s laws and directions.
Third, the countries of Europe have been at war with each other countless times over the centuries. They might agree to trade cooperation, but they would never agree to having a former enemy dictate policy to them. And it was baked in the cake that some members would have a louder voice than others and so, would seek to dominate.
In recent years, we’ve watched the EU stumble repeatedly. Invariably, Brussels has arrogantly assumed that it can dictate to all EU members, and offers few apologies for doing so. The individual countries’ leaders then do their best to explain to their own voters why Brussels should be able to behave like an oligarchy, and the voters understandably have become increasingly angry.
Eventually, the wheels were sure to come off the trolley and, with the UK Brexit vote, we’ve witnessed the first major blow to the survival of the EU.
Whilst the “leave” vote has been acknowledged, we should expect to see politicians placing stones in the road to Brexit, in addition to creating repeated delays. It would also not be surprising to see demands for a recall or even a nullification by the UK Supreme Court.
In the midst of this, we’re already seeing the predictable back-pedaling by those politicians and pundits who, up until the vote, were warning that a Brexit would spell unmitigated disaster for Britain. Most of them are now speaking instead of “working on crafting a successful settlement”. (After all, when the sky has failed to fall, they won’t want the public to remember that they ranted like veritable Chicken Littles prior to the vote.)
But, in one sense, the Brexit will unquestionably spell disaster – not to Britain, as was claimed, but to Brussels.
Britain was never fully married to the EU; she was more a “woman on the side,” but in this case, it was the woman that was picking up the tab for the affair. In 2015 alone, the UK paid £13 billion into the EU budget, whilst EU spending on the UK was £4.5 billion. The UK's “net contribution” was therefore about £8.5 billion - a loss of 65% of its investment. Not money well-spent, considering the trade restrictions heaped on the UK by Brussels.
The £8.5 billion loss, of course, went to support the net-receiver members of the EU, such as the ever-unapologetic Greece.
Most of the above will be common knowledge, but here’s a few pertinent questions that no one seems to be asking - at least not publicly:
At what point does the UK cease to pay into the EU?
Well, Brussels and those UK politicians that support the EU oligarchy concept will wish to delay that eventuality as long as they can. Consequently, we shall witness a struggle within British politics as politicians attempt to appear as though they’re honouring the voters’ edict, whilst finding repeated excuses to delay the Brexit. On the surface, it might not seem that they’d receive significant push-back, but, for those Britons who voted “leave” and, indeed for many who voted “remain,” the idea of Brussels demanding continued annual payment, whilst kicking the UK for choosing to leave, will result in the great majority of Britons becoming more than a little cross. (If we’re going to split the sheets, let’s get on with it. Any discussion of alimony should be a non-starter to say the least.)
Who’s going to pick up the tab when that flow of revenue ends?
Well, now, that really is a puzzler. A large part of the reason why the UK had to be such a significant net-contributor was that most full EU members couldn’t scrape up their “fair share.” Even most of the larger members, such as France, are broke. They can no longer pay their domestic bills, let alone take on more major EU funding.
When all else fails, it typically falls to Germany (the country that was really responsible for the EU’s creation in the first place) to pick up the tab. And it wouldn’t be surprising if Mrs. Merkel were to attempt to sell the idea to the German people that her “Fourth Reich” must come up with the cash, or her dream will fall apart.
Interestingly, Mrs. Merkel enjoyed an increase in popularity after the Brexit vote, after having lost a great deal of support as a result of the refugee crisis. However, once the German people learn that they may be hit with yet another EU bill, her ratings may head south again. She’s up for a fourth term in 2017 and it’s uncertain whether the German people will know by that date how the EU hopes to share out the former UK portion of the EU tab.
Will that impact the continuation of the EU?
The bill will most assuredly go to the remaining net-payer members and, whoever gets handed the tab, the voters in these countries will most assuredly be asking themselves whether they’re facing diminishing returns. Certainly, Germany, France and the UK are presently taking the greatest shellacking. Italy, the Netherlands, Sweden, Austria, Denmark and Finland are also net-contributors. But all the other 19 members are net-receivers.
Certainly, the politicians in these countries share in the EU power and will want to stay in, but their voters who, increasingly, are feeling the squeeze of the unacknowledged Greater Depression may assert themselves at the polling stations, demonstrating that they’re not willing to throw good money after bad.
In the end, the conceptual problems with the EU’s existence may be outweighed by the economic ones. But of one thing we can be fairly certain: should the EU bite the dust in the coming years, the demand for its demise will come from the bottom up, not the top down.
The US presidential election this November will tell whether a majority of the US population is irredeemably stupid. If voters elect Hillary, we will know that Americans are stupid beyond redemption.
We don’t know much about Trump, and anti-Trump propaganda rules in the place of facts.
But we know many facts about Hillary. We know about her violation of classification laws and the refusal of the Democratic administration to do anything about it. The Democrats prefer to control the White House than to enforce the law, another nail in the coffin in which the rule of law in the US lies.
We know from their words and deeds and material success that the Clintons are agents for Wall Street, the Big Banks, the military/security complex, Israel, agribusiness, and the extractive industries. Their large personal fortune, approximately $120 million, and the $1,600 million in their foundation, much of which came from abroad in exchange for political favors, attests to the unchallengable fact that the Clintons are agents for the oligarchy that rules America, indeed, that rules the American Empire from Australia and Japan, through North America and Western and Eastern Europe to the Russian border.
We know that Hillary, like Bill, is a liar.
We know that Hillary is a warmonger.
We know that Hillary made the most irresponsible statement ever uttered by a presidential candidate when she declared the President of Russia to be the “new Hitler,” thereby raising tensions between the nuclear powers to a higher level than existed during the Cold War.
We know that Hillary is allied with the neoconservatives and that her belief in the neocons’ ideology of US world hegemony is likely to result in war with Russia and China.
All we know about Trump is that the oligarchs, who sent America’s jobs overseas, who flooded the country with difficult-to-assimilate immigrants, who destroyed public education, who bailed out Wall Street and the “banks too big to fail,” who sacrificed American homeowners and retirees living on a fixed income, who intend to privatize both Social Security and Medicare, who have given the public killer cops, relentless violations of privacy, the largest prison poplulation in the world, and destroyed the US Constitution in order to increase executive power over the American people, are violently opposed to Trump. This opposition should tell us that Trump is the person we want in the Oval Office.
Some claim that it is all a charade and that Trump is playing a role in order to elect Hillary. American politics are so corrupt that anything is possible. However the ruling elites and their puppets seem to be genuinely concerned about Trump’s challenge to their control, and they have united against Trump. They have used their money to buy up “progressive” websites paid to bring the print and TV anti-Trump propaganda onto the Internet, thus joining the Internet presstitutes with the print, TV, and NPR whores who are working overtime to demonize Trump and to elect Hillary.
The entire power structure of our country is behind Hillary. Both Democratic and Republican political establishments and both ideologies, neoliberals and neoconservatives, are united behind Hillary.
How much more evidence do Americans need in order to know that a vote for Hillary is a vote for their own emasculation?
Apparently, Americans remain captives of their insouciance. According to news reports, a majority of voters still haven’t a clue about the consequences of voting for Hillary. Polls report that Hillary is well in the lead. Are these real polls or just another presstitute lie to discourage Trump supporters? Why vote when they have already lost?
The propaganda assault against Trump, vicious as it was, did not succeed during the Republican primary. Despite the media condemnation of Trump, he swept the other Republican candidates aside effortlessly.
The current media demonization of Trump might fail as well. Indeed, it is so transparent that it could elect him.
All that is required is for enough Americans to awake from their insouciance to recognize that it is the enemies of their own lives, their own living standards, and their own liberty who are violently opposed to Trump.
If Americans cannot reach this realization, they have no future, and neither does the planet Earth.
The ruling oligarchy hates Trump because he disavows war with Russia, questions the purpose of NATO, opposes the offshoring of Americans’ jobs, and opposes the uncontrolled immigration that is transforming the United States into a multi-cultural entity devoid of unity. The oligarchs are replacing the United States with a Tower of Babel. Oligarchic power grows exponentially among the disunity of diversity.
In other words, Trump is for America and for Americans.
This is why the oligarchs and their whores hate Trump.
The imbecillic Americans who vote for Hillary are voting for war and their own immiseration.
Possibly, a vote for Trump is the same. However, in the case of Trump we do not know that. In the case of Hillary we most certainly do know it.
Of course, it could matter not how Americans vote. Those who program the electronic voting machines will determine the vote, and as the establishments of both political parties totally oppose Trump, the programmed machines can elect Hillary. We know this from our electoral history. The US has already experienced elections in which exit polls show a winning candidate different from the candidate selected by the electronic machines that have no paper trail and no way of affirming the vote.
If Hillary gets into the Oval Office, nuclear war is likely before her first term is over. A vote for Hillary is a vote for nuclear war.
If you look at the forthcoming election realistically, you have no alternative but to conclude that the entirety of the presstitute media and American Establishment prefers the risk of nuclear war to the risk of losing control of the government to the voters.
That Americans permitted the rise of unaccountable power tells us all we need to know about the dereliction of duty of which United States citizens are guilty. The American people failed democracy, which requires accountable government. The American government has proven that it is not accountable to the US Constitution, to US statutory law, to international law, or to voters.
If the result of Americans’ dereliction of duty is nuclear war, the American people will be responsible for the death of planet Earth. One would hope that with responsibility this great on their shoulders, the American people will reject the unequivocal war candidate and take their chances on holding Trump accountable to his words.
Note: I just heard a NPR report that young people were deserting the Republican Party, had turned leftwing and were flocking to Hillary. So now in America the leftwing candidate is a warmonger and agent of Wall Street! Amazing.
Reports are breaking of a powerful explosion at the Plaine Chalon sports complex in Chimay, Belgium. Initial reports indicate the facility has partially collapsed with a number of people inside resulting in at least 1 fatality and multiple injuries. The exact cause of the blast is unknown at this time.
— Roeland Roovers (@r0eland) August 26, 2016
— Emergenza24 (@Emergenza24) August 26, 2016
— Renv3r (@Renv3r) August 26, 2016
Plaine Chalon Sports Complex in Chimay, Belgium
A few weeks back we wrote about how Pokemon Go had claimed its first fatality in the United States. Now, Japan mourns its first victim, as Yukiko Nakanishi was tragically lost to the addictive game. Nakanishi was crossing the road when a truck struck and killed the 72 year-old hairdresser from Kitayama City. Meanwhile, Keiji Goou, the truck driver, was arrested by police admitting that he “wasn’t looking ahead properly because [he] was playing Pokemon Go.” Per the Tokyo Reporter:
Tokushima Prefectural Police on Wednesday arrested a male truck driver in Tokushima City after one woman was killed and another seriously injured due to an accident caused by his playing of the popular game Pokemon Go while he was behind the wheel.
Keiji Goou, 39, was arrested on reckless driving charges for allegedly hitting two women while playing Pokemon Go on a road in the Katanokamicho area at around 7:25 p.m. on Tuesday, Jiji Press reports (Aug. 24). One woman died in the incident while the other was seriously injured.
Goou has admitted to the charges, telling police, according to the Tokyo Broadcasting, he “wasn’t looking ahead properly because I was playing Pokemon Go.”
Police named the woman who died as Yukiko Nakanishi, 72, a hairdresser from Kitayama City.
Apparently police in Japan have cited 1,000 Pokemon Go players for traffic infractions and recorded 79 Pokemon Go-related traffic incidents in just the past year.
Meanwhile, Pokemon Go players in Taiwan have apparently completely lost their damn minds. The video below recently surfaced on YouTube and allegedly shows a stampede of people running to catch a "Snorlax" (if that actually means anything to anyone reading this).
If all of this leaves you questioning, as we do often, the future of humanity then fear not as Bloomberg reports that the Pokemon Go hysteria may finally be on a down slope. After launching in early July, daily active users of Pokemon Go seemingly peaked just a couple of weeks later around 45mm users and has been steadily declining ever since.
Meanwhile, after surging a mere 2 trillion yen in the first 2 weeks of July, Nintendo's shareholders have finally realized that profits, not mass hysteria, actually drive valuations...well, in the long-run anyway...unless you're the Fed... then the mass hysteria can stretch into the long-term...but that's a story for another post.
One week ago, board-certified medicine specialist, TV personality and CNN employee Dr. Drew Pinsky broke the mold of conformity, when he said that he is "gravely concerned" about presidential candidate Hillary Clinton’s health, pointing out that treatment she is receiving could be the result of her bizarre behaviors.
Appearing on KABC’s McIntyre in the Morning, Pinsky said he and his colleague Dr. Robert Huizenga became “gravely concerned….not just about her health but her health care,” after analyzing what medical records on Hillary had been released. Pinsky pointed out that after Clinton fainted and fell in late 2012, she suffered from a “transverse sinus thrombosis,” an “exceedingly rare clot” that “virtually guarantees somebody has something wrong with their coagulation system.” “What’s wrong with her coagulation system, has that been evaluated?” asked Dr. Drew.
Pinsky described the situation as “bizarre,” and said that Hillary’s medical condition was “dangerous” and “concerning”. Dr. Drew also went on to add that it was a sign of “brain damage” when Hillary had to wear prism glasses after her fall.
Just as stunning as Pinsky's assessment which promptly went viral and led to the immediate takedown of the original interview webpage by KABC-AM radio, was that it came from an employee of HLN, which is part of the pro-Clinton CNN network.
As such it is probably not surprising that earlier today, just one week later, CNN executive vice president Ken Jautz announced Thursday that "Dr. Drew and I have mutually agreed to air the final episode of his show on September 22."
"Dr. Drew and his team have delivered more than five years of creative shows and I want to thank them for their hard work and distinctive programming," Jautz said in a statement. "Their audience-driven shows, in particular, were innovative and memorable TV. And Dr. Drew has been an authoritative voice on addiction and on many other topical issues facing America today."
"It has been a privilege working at HLN," Pinsky said in a statement of his own. "My executive producer Burt Dubrow and our outstanding staff and contributors were consistently exceptional. I am very excited to stay within the CNN Worldwide family as a contributor."
There was no mention of the Hillary fiasco in the official parting statement; it was deemed redundant.
HLN will air reruns of "Forensic Files" and episodes of CNN originals in the "Dr. Drew" 7 p.m. ET time slot.
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