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Banksters Poised to Take Post-Brexit Beating

The Brexit event — which won’t even be implemented for at least two years, if ever — has taken the odds of a Fed rate hike down to near zero. There is even a little betting going for 0.25%. Germany will definitely be impacted by further Euro nationalism and exits, yet it’s Bunds now trade for a negative 0.25% yield. Speculator “safe haven” bets on the 10-year U.S. Treasury are excessive. The idea that USTs and Bunds — with little, if any yield — are somehow a safe investor refugee in today’s world requires some serious cognitive dissonance to accept.


As closet nationalism moves to ardent nationalism or “populism,” it is not going to be market-friendly. I can also tell you flat out that there are many nationalists who would like nothing better to do than deconstruct banksterism and take some of that crowd on a Pinochet helicopter ride. Part of the deconstruct will be classic defaults and large haircuts on bankster-originated debt. Central banks will take enormous losses. The new nationalists’ message that central banks are actually privately held will start to resonate. That should have been the No. 1 lesson from Brexit. But instead, in knee-jerk fashion, yields dropped more on these vulnerable securities.

This closet nationalist surge is not over by a long shot; and since faux democracy doesn’t work and is hijacked, I can guarantee you one thing: It will spill over into the streets. Therefore, at this juncture, the primero trade will be to bet against NIRP or ZIRP  sovereign bonds anywhere they may be found.

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  • Brabantian

    Two leading Jewish dissident voices, citing Israeli newspapers, present a view of Brexit as a pro-Israel enterprise …From UK rebel Jew Gilad Atzmon:

    « Elements within the UK Jewish lobby seek to weaken or even dissolve the EU … A few days before the referendum [Jewish leaders told David Cameron that] “Britain’s leaving would considerably weaken the EU & its institutions, reduce its international influence, and take the sting out of its Israeli-Palestinian decisions … Britain’s leaving would undermine the EU’s stability & require its institutions & members to direct their energy toward unifying the ranks, rather than toward the Israeli-Palestinian conflict … The Israeli press has already confirmed that Boris Johnson, Michael Gove & Theresa May are the most devoted Zionist enthusiasts in the United Kingdom and beyond »

    And from the site of Canadian rebel Jew Henry Makow: « The roll call of pro-Brexiters in general corresponded to the leading names in “Zio-presstitution” … almost all the political big names in the Brexit campaign were Zionist extremists »


  • Rufus Peckham

    All the MSM and establishment are howling in pain as everyone’s “401 ks” are taking a beating. Even going as far to ask for a re-vote since it hurt so much. This means we did something right for a change. They had a clip of Goldman candidate Clinton making fun of Trump for supporting Brexit and that it hurt everyone’s retirement accounts here stateside. I’m sure her handlers are pleased. If your 401k took a dive, you should have diversified.

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