Europe

EU leaders are bracing themselves for a future European Union without the UK, holding high-level meetings to decide the future of the Bloc amid a possible Brexit vote.  The leaders of Italy, France, Germany, Belgium and other core members discussed a “plan B” option on its future without the UK, and said that Europe would resolve to become a closer union with a strengthened army if Britain left. Independent.co.uk reports: Officials expect a punitive approach to Britain, with an official meeting of 27 leaders – excluding David Cameron – expected shortly after a potential Brexit vote.

Submitted by Ingrid Carlqvist via The Gatestone Institute,

• It is not a secret that democracy can be used to abolish democracy.

• It may have finally begun to dawn on the people that Swedish Sweden will soon be lost forever, and in many areas replaced by a Middle Eastern state of affairs, where different immigrant groups (mainly Muslims) make war on each other as well as on the Swedes.

Authored by Henry Hazlitt via The Mises Institute,

From time to time over the last thirty years, after I have talked or written about some new restriction on human liberty in the economic field, some new attack on private enterprise, I have been asked in person or received a letter asking, "What can I do" — to fight the inflationist or socialist trend? Other writers or lecturers, I find, are often asked the same question. 

Donald Trump is good for the markets, and good for the US Dollar.  Donald Trump - is net positive for FX.  The reason why, is very simple.  Readers of Splitting Pennies would have come to this conclusion on their own.  Love or hate Trump, he's not a politician.  Some say, he's worse than a politician.  But he's not a career politician.  The Dud-Fag act (The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dud-Fag) put a choke hold on the budding FX market in USA.

Submitted by Martin Armstrong via ArmstrongEconomics.com,

This is what happens when politicians think they are smarter than the great unwashed whom they rule over.