The retail apocalypse continues, Macy’s, Kohls and many other stores are seeing traffic dry up and sales decline. More retailers are reporting bankruptcies and many more are scheduled for later this year. This is not just a retail apocalypse this is an economic apocalypse, as the entire system breaks down. More families are now taking the Obamacare penalty instead of paying for insurance. Mueller has many different connections with corporations and specialty groups. Watchdog group is filing charges against the DNC for breaking federal election laws. USA today reports that everyone will be micro-chipped. Trump thanks Putin for letting diplomats go because it is saving the government money. North Korea and the US are threatening each other with war. NK reveals plan to attack in August and the US reveals plans to have regime change. South Korea is calling for calm, Russia is calling form calm and China will not allow regime change. The deep state always uses the month of August to push their agenda. The moderate rebels are losing ground in Syria and the borders surrounding Syria and being taken back by Syria and Russia and the countries surrounding Syria begin controlling their own borders
Today's Guest: Steve St. Angelo
SRS Rocco Report
The European banks are dumping government debt, do they know something we don’t. 2016 was revised down to the worst year of productivity. US companies have more debt, more leverage and more richly valued than ever before. Central bank in England covered up the bond problem and how the central bank was buying the bonds that know one wanted, basically they lied. Another indicator shows we are already in a recession. Now two financial pundits report that bonds are going to be a problem and most likely bring down the entire system. Central banks are still buying stocks. FBI agents raided Paul Manafort’s home in July, what did they find, not much. Russian lawyer reports that the US media changed her story around to make it sound much different than what she was discussing. Tillerson and Trump are playing good cop, bad cop with NK. The deep state continues to push their agenda with NK, what is their end game?
UK retail growth slows more than expected. US job opening soar as corporations sales decrease. US credit card debt at an all time high, more people are living on credit to survive. Fannie Freddie are going to be trouble when the downturn in the economy begins .Corporate leverage is at an all time high. Russia is prepared and ready to cut their dependence on the dollar and payment system. Obamacare is officially destroying the economy. Duterte meets Tillerson, the Pentagon wants to bomb the IS in the Philippines. Canadian National advisor visits NK. Tillerson says all NK needs to do is to stop the missile tests at the same time the US and South Korea hold live fire drills. Japan ups the ante and reports that NK might have a miniature nuke. China gets its way on NK, the US (deep state) didn’t want talk or sanctions they wanted action and China and Russia stepped in to stop it. Deep state planning a false flag in NK, Trump tweets out the plan. IS loses ground in Syria, the Syrian army and Russian troops control most of central Syria. There are reports that behind the scenes there is a secret deal in regards with Raqqa.
Labor market breadth is near record lows. Looking at all of the different economic indicators it shows the economy has not been improving. The Fed is doing away with another indicator, which has indicated a recession each time. A new study is out showing that the economy has never truly recovered and we are still in the great recession. China is now dumping foreign reserves. Rand Paul is speaking out against civil asset forfeiture and how it violates the foundation of the constitution Michael Savage wants to know if we are on the verge of a civil breakdown. Why is Prince Harry invited to Google’s secret meeting. Maduro stopped a coup d’etat in his country, he reports that the US funded it. The deep state who controls the new organization not just in this country but in many have been pushing the NK threat. Tillerson and Lavrov met and they are pushing to work together to calm the situation down. Rybakov says the US is not ready for talks, its not NK that is the problem. Russia wants a working relationship with Libya. The US is threatening Russia because they understand that Russia and China are unwinding the empire building that has taken place in the middle east. Russia and China are now countering the deep state.
Which is the super power, is it the US or China. The US has lost manufacturing and the ability to produce. This has been shifted over to China. Mueller is pushing for a grand jury and it starting to look like Mueller is going outside of his assigned mandate. There is a FOIA documents that have been produced and it shows that Loretta Lynch uses an aliases. US submits the formal document to withdraw from the climate accord. North Korea has always been isolated. South Korean president Moon Jae In is going to stop the propaganda pamphlet drops to NK. Russia and China urging NK to stop missile program and it is also urging the US and South Korea to discontinue drills. Lebanon pushes to control its border with Syria, and the Syrian forces are pushing to control its border with Jordan. The US spent 1 billion dollars on the moderate rebels and hundreds of billions on the paid mercenary forces.
BLS is out with its job numbers and on the surface it sounds fantastic, but beneath the illusionary fake numbers the truth shines through, the jobs that are added are low paying part-time jobs. Central bankers pretend that we don’t have inflation, all they did was manipulate the way the calculate inflation. The credit industry is very worried about the removal of QE, there is a new term they are using and its called quantitative failure. The case against Debbie Wasserman Shultz continues to become more and more suspicious. The laptop she was fighting for didn’t belong to her it belonged to Imran Awan. Mueller has changed direction, since he cannot find anything in regard to Russian collusion he is going after Trump finances. Attorny General Sessions is not pursuing leakers in Washington. New report showing McMasters is very volatile. He stated in a letter that Susan Rice did nothing wrong and allowed her to keep security clearance. Hacker who stopped Wannacry malware was arrested. Venezuela opposition leader was returned home after his arrest. EU named additional Russian officials and placed sanctions on them. The deep state is now pushing global drills to counter Russia.
The housing market in Canada is cooling down, prices plunge most on record in Toronto. Manhattan and many of the big cities are going to be hit with an imploding housing market as China pulls back. Mega banks have been buying back their shares instead of loaning the funds out to the public. US service economy declines. The debt ceiling approaches and it really doesn’t matter at this point the system needs to be reset. The subprime auto bubble is popping. Trump pushes China on trade and sanctions, if China pushes back it will hurt the US. Deep state is leaking as much info as possible. The FBI has your info and they don’t have to inform you that they do. Seymour Hersh shows that the CIA as behind the entire Russia operation. McMasters is firing people that are close to Trump. Duterte wants 30,000 more soldiers. Troops are moving up to the contact line in Ukraine. Trump signed the sanctions but is making preparations to take it to the supreme court. Russia says the sanctions will not stop the pipeline to Germany. Russia scales down gas supply to Ukraine. Russia sets up more de-escalation zones in Syria.
Today's Guest: Rob Kirby
European banking system is getting worse and the central bankers are preparing for a collapse of the banking system. Core Logic is reporting the housing is overvalued, it is exactly what we saw in the 2008 crisis. Manufacturing last another 4000 jobs. Greenspan is worrying that its not the stock market bubble everyone should be worried about it is the bond bubble. Trump is playing the game, the corporate media and Fed has been pushing the idea that the market is the indicator for the economy and if it goes higher it means everything is going well. He will use this to his advantage when the system crashes. The corporate media is now blaming Trump for the rise of Obamacare premiums, this is completely false because the premiums have been rising the last couple of years. Ben Rhodes is now a person of interest in regard to unmasking. Trump signs the Russian sanctions pushing Russia and Europe closer together. US launches an ICBM. China officially opens their military base in Djibouti . Trump and Tillerson are now playing good cop bad cop. Tillerson is looking to have diplomatic relations with NK, Iran and Russia. Syrian forces are pushing the paid mercenaries out of Syria, more terrorists have switched to the government side.
GM auto sales have crashed and the outlook looks dismal. US construction spending declines as the housing market implodes. Manufacturing is not improving. Quarter of a trillion dollars in US savings have been wiped away. American income growth has slowed as the economy continues to stall. Trumps the funding of MyRA that Obama created to keep the bond buying ponzi scheme afloat. The sanctions on Russia will most likely drive other countries closer together which will push fuel prices up. The corporate media is going all out with as much propaganda as they can muster to convince the public its time to get rid of Trump. Imran Awan might have been selling secrets to other countries. The Judiciary committee is pushing to have Mueller removed from the special investigator position. Maduro is now going after his opposition. Trump is thinking about recalling the troops from Afghanistan. North Korea’s missile test was not successful it broke apart before it hit the water. Qatar and Turkey are having drills in the Persian Gulf. Russia has more jet fighters in Syria .Trump decided to stop funding the moderate rebels when he saw these terrorists perform a horrible act.
Companies are starting to figure out that many of the clicks on social network ads are coming from bots, they are now scaling back on advertising. Pending homes sales popped up but when you look at the overall picture housing has gone nowhere. Dallas Fed soft data improves while the hard data crashes. Majority of the economic data is declining, there has been no improvement and the economy euphoria is coming to and end, when it does it will be a disaster. The EU is in trouble their bank insurance will not be able to cover a major disaster. The amount of tax revenues coming into the government can not keep up with the debt. Trump proposes that congress and drop their insurance and take Obamacare and the insurance companies should not get the bailouts. There is major chaos in the Trump administration, the corporate media cannot figure out what is going on because this is how it is keeping the deep state confused. The deep state is pushing sanctions on Maduro, they are talking war with North Korea. The deep state has become desperate and they are trying everything to push their agenda. North Korea has proposed peace talks with South Korea without the US involvement.
UMich consumer confidence implodes and it is the lowest since before the elections. Another indicator that we are in a recession, Americans are saving the least amount of money and this is a sign that we saw leading up to the last two recessions. The US government is working their magic they are going back and revising the GDP data. BofA is warning that the market is cracking and falling apart. The sales of RV’s is booming, this indicator occurred during the last couple of recessions. Trump and the good guys are now pushing the bad guys out, the elite are now panicking. A special counsel has been created to investigate Clinton, Comey and Lynch. US and Canada are telling its citizens to leave Venezuela. North Korea fired another missile, the bad guys want war and they are pushing the story that NK fired and ICBM and now its time to take action.The deep state is pushing the story that Russia is arming the Taliban, this is to push Trump into sending more troops. Russia invites BRICS to fight terrorism. The bad guys are still pushing their agenda they are training terrorists covertly in Jordan.
The case with Debbie Wasserman Shultz gets shadier and shadier. EU is forcing Poland and other countries to take refugees. CIA director made the statement that he would like to see regime change in NK & NK responding that they will defend themselves.
Syrian rebels have been given an ultimatum to surrender or be destroyed. Russia just signed agreement to stay in Syria for another 50 years.
LIBOR is being phased out and the bankers are bringing in another system, the manipulation will not end. Brussels says that the UK cannot make a trade deal with the US. SEC says that the crypto currency ICO falls under securities laws. Home ownership is at the level of the 60’s and more millennials are renting. Core durable goods rise by a small amount. Investment legend is warning that we are approaching a 1987 time period. The Fed is now using the excuse that if the debt ceiling doesn’t go well they will not unwind their balance sheet. The economy is crashing and the way of life is going to change and many people are not prepared for it. The case with Debbie Wasserman Shultz gets shadier and shadier. EU is forcing Poland and other countries to take refugees. CIA director made the statement that he would like to see regime change in NK & NK responding that they will defend themselves. Syrian rebels have been given an ultimatum to surrender or be destroyed. Russia just signed agreement to stay in Syria for another 50 years.
DR Horton posts slowest growth, this has to do with the housing market losing steam, not because of lumber prices or the weather. The Fed is holding steady on interest rates, they say they are going to unwind their balance sheet. They are waiting patiently for the economy to come crashing down, if rate increase didn’t trigger it, they will raise rates one more time. The USD is crashing as the Fed raise rates the dollar collapses further. Trump has been pushing Jeff Sessions to investigate. Session’s is now cracking down on sanctuary cities and will be pursuing leakers. Trump has a choice, will he go along with the sanctions or will he veto the sanctions. Which path are we going to head down. Corporate media pushing the idea that NK is ready to launch another missile, they are pushing and provoking war. The deep state is losing ground in Syria and the corporate media is pushing news about Russia to demonize them .
Eight state have not recovered jobs since the great recession, we need to remember this is the manipulated job numbers. Case-Shiller reports prices for homes in the 20 cities have surpassed the housing bubble prior to 2008. Fed very worried about commercial real estate, apartment building are being built at an extremely fast pace. The Fed is pushing for a real-time payment system. The IMF has already hinted that they will most likely move their office to China within the next couple of years. The transition from one system to another is happening ever so quietly. The corporate media is now pushing the reason why the economy has been downgraded, its because of Trump. Trump wants to know why Sessions is not pursuing the case against Hillary. Brennan and Clapper warn if Mueller is let go they are calling for a coup. The corporate media has put out rumors that Trump might want to pardon himself so Rep Al Greene wants a bill so he can’t do this. Maduro is making his move to fight against the deep state. The reports coming from the corporate media is not telling the entire truth of what is happening in the Philippines. Trump refuses McMaster’s plan of more troops in Afghanistan. US ship fires on an Iranian vessel. Syrian terrorist forces receive drones from the deep state. Russia says if the Kurds want their own land within Syria it should be left up to the Syrian people to vote on a referendum.
Existing home sales slump, this is the weakest summer since 2011, this is not a good sign. Caterpillar sales increase because of the purchases from China and the Asian sector, this is fading already. Obama’s economy was one of the weakest economies we have seen since 1971. IMF forecast for US growth has been revised lower, it also revised global growth. Visa and other credit card issuers are pushing a cashless society to increase profits through transaction fees. Turkey and many other countries are purchasing a huge amount of gold. Janet Yellen confirms that the US dollar is collapsing. The corporate media is pushing their agenda on Russian collusion, the problem there is no facts for evidence for this. The real story is the Clinton email scandal, the DNC server and the crushed hard drives the FBI confiscated from the democrats. Trump is now dismantling everything the globalists wanted to do by bringing in refugees into Europe and the US. Duterte will no longer allow minerals to be mined in the Philippines and then ship them off to be processed, he wants it done in the Philippines. France wants to legitimize Haftar to get the fake government in place. Iraq moving closer to Russia. US coalition does not want to leave Syria even when the IS is defeated.
CBO accuracy for forecasting has missed multiple times. The deep state will not let up, it now is going after Jeff Sessions again with no confirmation, but even if the story is true there is nothing there. The creator of the dossier and the owner of Fusion GPS are going to be subpoenaed to appear in front of the Senate. CIA chief very worried about Wikileaks, looking to go after Assange. US concludes that Kim Jong Un not crazy, he is protecting his country. EU very angry at the US saying these new sanctions will not help Europe, it will actually make things worse. CIA admits that they supported the moderate rebels and paid their salaries. US special operations commander says the US really cannot stay in Syria, it would be against International law. Syria wants the coalition to pay for the infrastructure damage to its country. US says Assad has not used chemical weapons since the strike, correction, Assad has not used chemical weapons since they were removed from the country.The US needs to work with the world or the US will be left behind as the world moves on.
IMF executive board decides to give Greece a conditional loan but wants more austerity and a plan to reduce debt. Sales are plunging for GM, they are closing plants, laying off workers and discontinuing cars. Pensions are in trouble, many corporate pensions are underfunded and it is only going to get worse. The myth that there was cash on the side lines, is just that a myth, there is no more cash on the side lines. The money supply has dropped and we have seen this back in 2008, this is an indicator that the economy is entering a recession. The central banks are panicking, once they announced that stimulus is ending the market took a dive, the central bank then backtracked on everything .Trump rolls back 800 Obama regulations. Trump’s attorney’s are probing Mueller’s teams to see how many gave campaign contributions to Clinton. FBI has turned over 7,000 emails from Weiner’s laptop to Judicial Watch. North Korea’s economy is booming. The BBC reports that US just issued a warning not to go to North Korea. Lavrov strikes back at Pompeo saying the US has no legal right to be in Syria. The Syrian opposition does not know what to do once the US stops supporting them. The US and Russia are working together in Syria and many other areas.
As the Greek crisis continues to spiral downward, the housing market gets hit and value of homes decline dramatically. Rental growth declines, following a similar pattern in 2007 going into the 2008 recession. Philly Fed slumps. Corporate media reports that to many Americans are purchasing homes they can’t afford, it begins. ECB is ready to push stimulus if the economy starts to decline and falter. The central banks know that the collapse is headed our way, this is why they are prepared with stimulus. The Fed, like they have done in the past has fooled the American people, they will be rising rates, to bring down the economy. Trump Jr. Manafort and Kushner prepare to testify in front of the Senate. Sessions pushes his agenda for civil asset forfeiture laws nationwide. Mueller is going after Trump’s personal finances. The gulf nations scale back on their demands for Qatar, now the US is teaming up with Qatar to go after the elite, pushing the agenda of going after the dark financing of terrorism. Russia sell the T-90 tank to Iraq. Travel warning in Jordan, is something about to happen?
IMF reports that the current problems with Greece are not going away the debt is not sustainable. Harley Davidson is spiraling out of control, sales are crashing. IBM uses accounting trickery to make the company look like it is doing better than it really is. Many companies are now using this account trick to fudge the numbers. Housing starts, permits rebound, which means most of these starts and permits will be revised as people cancel the homes. Russia is pushing the for a digital economy including block-chain technology. The economy is rapidly breaking apart and we are now seeing signs of how bad it really is. Rand Paul says the republican party is pushing towards repealing Obamacare. The government officials do not write the bills the big club writes them and they are passed to their salesman, congressman to sell them to the public. The Russian translator worked for FBI Director Mueller. Trump admin says Iran complies with nuclear deal but imposes more sanctions. US ready to impose sanctions on Venezuela. Pentagon angry with Turkey because Turkey exposed all the US bases in Syria, which were illegally built without the permission of the Syrian government. Trump just stopped the funding of the moderate rebels, the secret CIA funding has been cutoff.
Home builders pushing the excuse agenda of why the housing market is not doing well. Chinese and foreign investment has been drying up, it is now taking its toll on the real estate market. Import and Export prices have dropped. Goldman Sach’s and other institutions are looking at the block-chain technology, some are getting patents so they are ready. They know the transition is on its way and all these institutions are preparing for it. The repeal of Obamacare failed, it was being replaced with the same insurance, let it fail and then people will see the true nature of what this insurance ponzi scheme has created. New study and it shows America pays the most of insurance and it is dead last in providing health care to its people. Susan Rice and the creator of the dossier have backed out of testifying in front of congress. Legislation has been passed to go after human trafficking. US admits that NK does not have the capability to hit the US. Turkey close to signing deal with Russia for the S-400 missile system. Lebanon military preparing to take control of the border with Syria. The Pentagon releases new report, it concludes that the US empire is collapsing.
Canadian existing home sales crash in June. Sear Canada pays out huge bonuses while laying off workers. Millennials are leaving Illinois in droves. Auto defaults soar and so do delinquencies. Companies complain they can’t find qualify employees but wages continue to drop. NY Fed Manufacturing tumbles. Banks are pulling the plug, credit is shifting and loans origination’s are stalling. Trump cuts the White House budget and the central bankers are getting very worried about what Trump is doing in regards to the banking sector. Clinton’s ally Paul Begala wants Trump to bomb Russia for 2016 election meddling. The interpreter in the Trump Jr. meeting was linked to the Hillary Clinton and her state department. CNN faked news with the Russian hacking of Qatar, actually the Washington Post is now reporting it was UAE.South Korea and North Korea might work together militarily. Finland is preparing for war with Russia. Russia moving troops into Southern Syria, Israel says it will not go along with the ceasefire in Syria. Turkey is preparing to attack the Kurds. Putin is using Turkey to keep the deep state from establishing a Kurd state.