Europe

Via ConvergEx's Nick Colas,

Who’s afraid of the big bad bear?  No one, it seems.

 

Tim Montgomerie isn’t pleased with Obama’s planned intervention in the “Brexit” debate:

The timing of his visit, halfway through the EU referendum debate, is no accident. There is a longstanding international understanding that world leaders don’t visit during election campaigns — but such conventions were obviously designed for lesser mortals. Obama has no qualms and the Prime Minister has no shame: he needs every endorsement he can get.

Submitted by Mike "Mish" Shedlock

EU’s Refugee Dilemma: “Growing Panic” on How to Change Terms of Deal with Devil

When you make a deal with the devil, it’s certain the devil will insist you keep up your end of the bargain.

That’s precisely where we are at today in regards to the European refugee crisis.

German Chancellor Angela Merkel signed off on a deal with the devil (Turkey) that would give 80 million Turkish Muslims visa-free access to the EU. As part of the deal, Turkey will receive €3 billion in aid.

US Assaults British Sovereignty

Paul Craig Roberts

The Washington elite believe that the British people should serve Washington’s interest and not their own. To this end, President Obama has been sent to London to emphasize that the UK must remain in the EU.

Does this make you wonder why it is important to Washington for the British people to surrender their national sovereignty to the European Union? If not, it should.

Back in December 2014, just before the ECB officially launched its initial phase of QE in which it would monetize government bonds, Mario Draghi was asked a very direct question: what types of assets could the ECB buy as part of its quantitative easing program. He responded, "we discussed all assets but gold."