The fate of the Euro, the EU, and the Western banking system could change tomorrow

In just a few hours the Italian people will wake up and go out to vote on what could be a national referendum even greater than the Brexit vote taken back in June.  This is because the outcome of the vote, whether Yea or Nay, could very well determine the futures of not only Italy’s place in the European Union, but also the solvency of Euro currency and of many Western banks.

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Bond markets and dollar strength screaming for a savior to usher in a currency reset

It is a fascinating thing where the propaganda media has achieved a two-fold deception on the American people over the course of the past 15 years.  The first deception involved the spinning of political beliefs and their being able to program whatever they desired in framing who were the good guys, and who were the bad in the annals of Washington.  And that was accomplished very well in 2008 and 2016 when they facilitated a black man with no experience or job record at all to move into the White House.

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Philippine, Saudi, and Turkish pivots signalling the end of the American century

Of the many themes that will go down in history for the year 2016, perhaps one of the most significant will be the pivot of nations away from the U.S. sphere of influence, and their move over to America’s perceived adversaries.  Yet even this is just a microcosm of the great frequency change taking place that seems to even go beyond the ‘Shmitah’ phenomenon, and is similar in scope to changes incurred globally during the second decade of century 100, 200, and even 1600 years before.

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While the focus is still on Deutsche Bank, don’t forget about Italy

Over the past two weeks the primary focus by the world’s financial caretakers has been on Deutsche Bank, and its potential to collapse several other institutions through the counter-party risk of its $40-70 trillion derivatives book.  But as the markets have appeared since last Friday to shrug off the German bank’s imminent insolvency problems, little has been mentioned about the other economy in Europe that are an even greater risk of bringing about the next ‘Lehman Moment’.

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