Brexit: furious Tories will try to oust May if UK fights Euro elections

Theresa May’s mutinous MPs are warning her that they will move to oust her within weeks if the UK is forced to take part in European elections next month and extend its EU membership beyond the end of June.

Tory MPs are increasingly angry at the prospect of voters being asked to go to the polls to elect MEPs three years after the Brexit referendum, in an election they fear will be boycotted by many Conservatives and be a gift to the far right and Nigel Farage’s new Brexit party. Senior Tories said one silver lining of a long extension would be that it would allow them to move quickly to force May out, and hold a leadership election starting as soon as this month.

The warnings came as the prime minister made a last desperate appeal on Saturday night to MPs to back a deal, saying there was an increasing danger Brexit would “slip though our fingers”. May said: “Because parliament has made clear it will stop the UK leaving without a deal, we now have a stark choice: leave the European Union with a deal or do not leave at all.

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“The longer this takes, the greater the risk of the UK never leaving at all. It would mean letting the Brexit that the British people voted for slip through our fingers. I will not stand for that. It is essential we deliver what people voted for, and to do that we need to get a deal over the line.”

Conservative MP Nigel Evans, an executive member of the 1922 Committee of backbenchers said on Saturday night that, if May failed to deliver Brexit and all she could do was secure a long extension at an EU summit on Wednesday, she would face overwhelming pressure to step down. “At the moment there is focus on delivering Brexit, but if a long delay becomes a reality I believe the noises off about removing the prime minister will become a cacophony,” he said. “I and many other Conservatives would prefer leaving the EU on World Trade Organisation terms to any humiliating long extension that forces us to take part in the European elections.”

Nigel Adams, a former minister who quit last week over May’s decision to hold talks on Brexit with Jeremy Corbyn, said: “Over 170 Conservative MPs including cabinet ministers signed a letter to the PM last week urging her to ensure the UK does not take part in the European elections. Doing so will not end well.”

https://www.theguardian.com/uk-news/2019/apr/06/furious-tory-mps-will-bid-to-oust-may-if-uk-fights-euro-poll

Rubino: "Gold Is Moving Back Into The Center Of The Global Financial System"

Financial writer John Rubino says, “We went from being at all-time highs to down 20% in sort of a flash crash in two months towards the end of last year. That told the Fed and the other central banks that they can never tighten again…"

"This is it for this cycle and for the entire remaining time of today’s financial system for higher interest rates. They abruptly announced to never mind about those four rate hikes that were going to happen in 2019. We (the Fed) are not going to do anything. If we do anything, it will be in the opposite direction and cut interest rates and a new round of QE, etcetera and etcetera. The stock market went right back up to record levels…

The end part of this story is how good all this is for gold…

The next thing from the Fed will be a rate cut, and it will increase and not decrease its balance sheet… We are going to go preemptively to monetary easing, and that’s really new. This is very, very new. You normally don’t do this. You wait until you see a bear market and a slowdown in the economy that gets people laid off before you start aggressively easing. Apparently, we are going to do that stuff before that stuff starts happening. Who knows what the impact of that will be? If it works the way they want, more people will get hired, wages will pick up and we’ll have inflation in the 4% or 5% range before you know it.”

So, with near record low yields on bonds and near record high prices for stocks, Rubino has just one question. Rubino says, “What’s cheap? Gold and silver. What is down and what is cheap relative to the fundamentals…"

"It’s not just the price of gold and silver, it’s how much gold and silver exists relative to how much paper wealth is in the world. The amount of gold and silver that we are bringing out of the ground is growing at 1% or 2% per year. The amount of paper wealth in the world is growing exponentially…

Gold is moving back into the center of the global financial system.”

Another big factor to consider is debt. Rubino says, “Every big country is running deficits that are dramatically bigger than they were five years ago…"

https://www.zerohedge.com/news/2019-04-07/rubino-gold-moving-back-center-global-financial-system