Sears Canada decided to announce that it will be declaring bankruptcy, approximately 3000 people will lose their jobs. Warren Buffett steps in and purchases Home Capital Group, big surprise since they were on the verge of collapsing. Junk bonds are signalling the great debt binge is now coming to an end. The Fed announced that will start to unwind its balance sheet, why now? The obvious reason is that the bubbles are at the top, its time to unload and prepare for the next economic crisis. The Senate releases their new health bill. Rand Paul says it still does not benefit the people, this is another rewrite of the original bill. Trump says he never made tapes of his conversation with Comey. Judicial watch president says that the President can just order the documents from the Obama library. Government officials want to carry weapons because they are important people. The US is now a second tier country. Pentagon wasted 93 million on camouflage uniforms in Afghanistan. Macron says it is time to fight terrorism with Russia, big words when France is still working with the US. By this one little action government officials have shown their true agenda, a bill was introduced where the US would not be allowed to fund terrorists, no one supported it.
India joins the Bitcoin revolution. Ford is not building a plant in the US and it is not building a plant in Mexico, they decided to go to China. Illinois comptroller says they are very close to a major crisis. Existing homes sales popup but first time buyers only accounted for 33% of all sales. Many of the other sales were investment firms. China tries to stop the yield curve from flattening or inverting but could not do it. The central bank is getting ready to blame the economy collapsing on Trump, already he is getting blamed for falling oil prices. As oil prices fall, and other economic indicators point to major problems int he economy it is only a matter of time before the entire system comes down. McCain institute is very similar to the Clinton institute. The US Treasury department places sanctions on Russia. The Senate pushes a bill for more sanctions, the House is trying to stop the bill from moving forward. South Korea wants to join up with North Korea for the next Olympics. North Korea says it will talk about stopping its nuclear program if the US and South Korea stop the military drills. NATO provokes Russia by intercepting a Russia plane and showing its weapons by turning away from the aircraft. Lavrov reports that the de-escalation zones are to separate the moderate rebels and the terrorists. The US has no authorization to shoot down a Russia, Syrian or Iranian plane. Pentagon wants to re-establish the deconfliction communications.
Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one off order. SocGen says interest rate to slow to contain the asset bubbles. Citi explains why the credit impulse going negative is very dangerous for the world economy. The last two times this happened the US entered a recession and it is happening now. The US is in a recession the Fed, corporate media and US Government just don’t want to admit it. The unmasking records have been moved to Obama’s library, hidden from the public. The public has been brainwashed into thinking the government can protect them from terrorist attacks even though the attacks are from the government. McCain does not like the person Trump chose because he does not support lethal weapons into Ukraine. The US flew and turned into a Russia Su-27 and the US is using this to show how aggressive Russia is. The US shot down a Syrian drone. The US deep state is now setting up and getting ready to split up Syria, bases have been established the deep state is protecting their territory. The push to split Syria could spark a world wide disaster.
Brexit talks begin and they will continue until a deal is reached, that is the plan. Housing bubble 2.0 is getting ready to pop, the Fed is removing the helium tot his bubble. Central banks are ready to crash the system, and these three indicators point to the system imploding. We are now headed down the track to an economic disaster, this will no be like any other recession or depression we have experienced it will be much worse, the system as we know it is coming to an end and will be replaced by a new one. Trump’s lawyer says he was never under investigation and is not now. Saudi is moving closer to Russia making deals on natural gas, Qatar will be trading natural gas bypassing the dollar and the euro. NATO is holding drills in the Baltic states to defend against a Russian invasion. McCain wants the strategy for Afghanistan, he is worried that everything the neocons have worked for will disappear. The deep state shoots down a Syrian aircraft in their own country. Russia says they will now track all US planes, Russia has cut off communications for now. The Syrian jet took off and 15 minutes later a US jet fired upon it and downed it. This was to provoke Syria and Russia into doing something. The Pentagon says that US pilots will defend themselves but will only attack the IS. The White House stated they will keep communications open with Russia. The WSJ admits that Israel and the other middle eastern countries have been supporting the terrorists in Syria.
Duke Talks about the Nuclear chance and who might be the one to start it. He also talk about preparing with food and water.
Is Putin getting ready for Nuclear War - Are you Ready?
The Judge talk about how America is not ready for an EMP