Europe

In his latest must read presentation, Citigroup's Matt King continues to expose - and be very concerned by - the increasing helplessness (and cluelessness) of central bankers, something this website has done since 2009, fully aware how it all ends.

Take Matt King's September 2015 piece in which he warned that one of the most serious problems facing the world is that we may have hit its debt ceiling beyond which any debt creation is merely pushing on a string leading to slower growth and further deflation.

Submitted by by Erico Matias Tavares via Sinclair & Co.,

On 23 June the British will vote in a referendum to decide whether their country should remain in or leave (BREXIT) the European Union (EU). The importance of this event cannot be overstated, since it will impact the future of the UK – and very likely that of Europe – for decades to come.

Former NATO Supreme Allied Commander General Wesley Clark expects the U.S. to retaliate against Russia in case of a nuclear war in Europe. The four star retired General of the United States Army, told CNN that if Russia attacked hypothetically “say, Warsaw,” then “Putin-dominated” Russia should expect a retaliation. “We’re going to play back then,” he said. The Russians are fearful of NATO expansion eastwards encroaching into their sphere of influence.

Submitted by Mike Shedlock via MishTalk.com,

Pretending Period is Over

The refugee crisis in Europe got more interesting this week.

Within hours of Brussels giving the green light on Merkel’s ill-advised deal with Turkey, Turkish president Recep Tayyip Erdogan sacked sacked Ahmet Davutoglu, the prime minister who negotiated the deal with German chancellor Angela Merkel.

For details see EU Approves Deal With Turkey (Then All Hell Breaks Loose).

Two journalists working for the Cumhuriyet newspaper in Turkey have been sentenced to five years in prison, in the first ever case of its kind in Europe.  Can Dundar and Erdem Gul were convicted on charges of “revealing state secrets”. RT.com reports: The Turkish court has reportedly acquitted them on some of the charges, including that of “coup attempt,” according to the newspaper. The two had also faced life sentences for publishing their report which claims that Turkey has delivered weapons to terrorists in Syria.