From Zero Hedge
by Tyler Durden
Jun 24, 2016 6:30 PM
Submitted by Jim Quinn via The Burning Platform blog,
I took a long walk on the boardwalk with my wife and mother last night, after a long day of packing, doctor appointments, travel, unpacking, food shopping and buying enough liquor to get me through the next week. I was confident the oligarchs had the Brexit vote rigged in their favor. I went to bed exhausted at 10:00.
I wake up this morning to global pandemonium. I just wanted to ride my bike on the boardwalk in peace, but Noooo. First it was raining, so I have to wait for the showers to end. Then I flip on the radio and hear about stock markets around the world crashing because the British people grew some balls and told their keepers to fuck off.
My first thought upon hearing the news was “Fourth Turning”. It’s all about the mood of the people in these countries. The establishment is constantly baffled during Fourth Turnings because they think their old methods of propaganda, fear and control will continue to work. They don’t realize the cyclical nature of history and how the current generational configuration will lead to earth shattering change and a complete destruction of the existing social order. Brexit is just another brick in the wall.
I also find it interesting that over the last month or so some of the most renowned investing billionaires in the world have announced their bearishness and had placed large bets on such an outcome. George Soros is the perfect example. He switched his position to shorting the market recently. Then he constantly blathered in the press about what a disaster Brexit would be for global markets. Then the captured legacy media convinced the world Brexit would never happen. When it “shockingly” happened last night, stock markets around the world crashed. Soros and his billionaire cronies made hundreds of millions in profits. Meanwhile, the poor schmuck with his 401k gets clobbered again.
Since I was 100% wrong in my prediction regarding Brexit, you can take my following observations with a grain of salt. But this is what I see:
This further cements the coming showdown between the people and the establishment (politicians, bankers, mainstream media).
The EU is dead. France, Italy and other EU countries will push for the same referendum and the people will vote out.
The insolvent banks across Europe were never fixed. The central bankers just extended, pretended, and printed more debt. Bank failures will trigger further economic strife.
The credibility of central bankers around the globe will completely disintegrate as their one trick pony method of easy money has proven to be an immense failure for the people.
With the disintegration of the EU, the possibility of civil chaos and war with Russia goes up dramatically.
It will be interesting to see if the Fed and their Wall Street banker puppeteers can stop the stock market from dropping by its destined 30% to 50%. The overvaluation is drastic and this could be the Lehman moment, or at least the Bear Stearns moment.
The credibility of the corporate mainstream media has further disintegrated as they again have been revealed as nothing but propaganda mouthpieces for the establishment. Their anti-Brexit poll numbers were fake. They are not journalists, but cheerleaders for their corporate sponsors.
The constant media bashing of Trump and cheerleading for Clinton will be disregarded by the silent majority in the U.S. Their polls and opinions can be completely ignored and dismissed. The people of this country who don’t live in NYC, DC, LA, or SF are pissed off. Their mood is dark. They want change. The only person who will give them change is Trump.
I’m more convinced than ever that Trump will win the presidency in November. This is a Fourth Turning. The status quo never wins during a Fourth Turning.