Europe

More and more analysts and commentators have caught to the fact that the Powers That Be are actively preparing for the next financial crisis with even more extreme measures.

These measures include:

1)   Bank bail-ins

2)   Cash Bans

3)   NIRP

As we’ve been noting since 2013, the template for this process was first laid out in Europe, specifically in Cyprus. With that in mind, it’s worth remembering just how it played out there.

The quick timeline for what happened in Cyprus is as follows:

In the aftermath of another inverse-whirlwind session in Brussels which has set the date of the UK's EU referendum for June 23, below are comments on the vote from British political and business leaders, courtesy of Reuters:

DAVID CAMERON, BRITISH PRIME MINISTER

"I do not love Brussels. I love Britain. I am the first to say that there are still many ways in which Europe needs to improve – and that the task of reforming Europe does not end with today's agreement.

 

Prime Minister David Cameron has announced plans for an in-out Europe referendum to be held on June 23, 2016.  Amid an emotional plea to the British public to stay in the EU, members of the public and Cabinet Ministers alike have noted that Cameron’s argument for staying in has embarrassingly backfired – saying that upon hearing his speech they are more persuaded to leave.

Via FinancialSense.com,

Bert Dohmen, founder of Dohmen Capital Research, is uber-bearish and believes that it is time for investors to panic (before everyone else does) given a potential collapse of the stock market greater than what we saw in 2008.

Here's what he had to say on Thursday's podcast:

"Over a year ago we said that we are now in a transition year from a bull market to a bear market and from a growing economy to a recession—and this could be a very deep recession...

 

Authored by GlobalGold's Claudio Grass, via Acting-Man.com,

With a Gloomy Start to 2016, a Bust Seems just Around the Corner

Markets have corrected substantially since the beginning of the year as most of the gains of the past two years have been erased. According to Bloomberg, 40 out of the largest 63 markets have dropped over 20%. The image below shows the performance of markets word-wide since their most recent peaks. Most markets are in a bear market phase or are at best experiencing a strong correction. The world is red!