Trump lashes out at GM and Ford and says will impose border tax if jobs are moved out of the country. Manufacturing survey is detached from the hard data, industrial production declining. Pension systems around the country are worse off than everyone realizes. Inflation hits Germany. Greece implements a soft cash ban, the central bankers are slowly banning cash one country at a time. Finland starts helicopter money drops to push spending. EU leaders are now worried that more countries are going to vote to exit the EU. Britains EU ambassador resigns before the BREXIT. The system is coming apart and the central bankers/Elite will react to save it. Trump is preparing to repeal Obamacare. The Senate already started the process. Trump slams GOP for weaking ethics watchdog, the corporate media blamed it on Trump the house is makes the decision not Trump. Trump tells DHS prepare to build the border surveillance wall. Obama sold more weapons than any other President. Elite pushing propaganda North Korea ready to use nuclear weapons on their missiles. Libyan UN backed government falling apart. General Haftar in Libya looks toward Russia for help. Iraq army retakes 60% of Mosul. The White Helmets an organization funded by the US & UK have shutdown the water supply in Damascus and Aleppo. IT tech warns that a big Cyber Attack is headed our way in 2017.
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Current News – 01.03.2017
- In a terse and non-deferential response to president-elect Trump’s tweet, GM has responded with a statement which can be summarized in two words: “you’re wrong.”
- Following Trump’s tweet…
- … GM responded with its version of the facts, according to which all Cruze sedans are built in the US, while the Mexican-produced Chevy Cruze hatchback is built for global markets, “with a small number sold in the US”
General Motors manufacturers the Chevrolet Cruze sedan in Lordstown, Ohio.
ll Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio.
GM builds the Chevrolet Cruze hatchback for global markets in Mexico, with a small number sold in the U.S.
- Despite the weakness in ‘hard’ industrial production data, US Manufacturing ‘soft’ survey data from ISM and Markit surged in November and December. PMI rose to 54.3 final for December – a 21-month high – with employment rising and inventory-building. However, stagflation concerns continue to build as new orders declined and input price inflation accelerated. ISM rose to its highest since Dec 2014 with prices paid soaring to the highest since June 2011.
- Spot the difference between ‘hard’ and ‘soft’ data…
- Director of the Texas Public Policy Foundation, James Quintero, who noted that many of the nation’s largest pensions are relying on “fuzzy math to make them work, or at least give the appearance of working.”
- When it comes to Texas’ public retirement systems, one of my greatest concerns is that there are other ticking time-bombs, like the DPFP, out there getting ready to explode. It’s not just Dallas’ pension plan that’s taken on excessive risk to chase high yield in a low-yield environment.
- German inflation jumped more than expected in December, hitting the highest level in more than three years, according to preliminary data. German consumer prices, harmonized with other European countries (HICP), rose by 1.7% on the year, more than double the November increase of 0.7%, the German Federal Statistics Office said.
- This was the highest annual inflation rate since July 2013 and stronger than the consensus forecast of 1.5%.
- The spread of global cash bans continues with Greece unveiling their so-called ‘soft’ approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. the new guidelines refer to employees, pensioners, farmers, and also the unemployed.
- Accepted expenditure will be:
- purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes, drinks
- Restaurants, cafeterias,bars and hotels
- Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.
- For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer.
- Expenditure for utility bills, landlines and mobile phones, heating, rent, loan repayments that in fact swallow the largest amount of monthly expenditure for private households will not be accepted.
- Greek Finance Ministry has determined the amount the taxpayers will have to pay with electronic money in order to be able to get the tax allowance:
- 10% for annual income up to €10,000
- 15% for annual income €10,001-€30,000
- 20% for annual income over €30,001
- income €7,000: expenditure per plastic money must be €700
- income €10,000: expenditure per plastic money must be €1,000
- income €30,000: expenditure per plastic money must be €4,500
- income €60,000 expenditure per plastic money must be €12,000
- Should a taxpayer not be able to spend the necessary percentage of the annual income according to the guidelines, the punishment will be a penalty of 22% imposed on the missing difference.
- The cap for cash transactions falls from 1,500 until 31.12.2016 down to 500 euro. In simple words: any purchase of good and service over 500 euro will need to be done via plastic money.
- It is not a secret and it is not new that public hospitals in Greece collapsed. the first budget cuts imposed with the first bailout agreement affected the public health. Seven years later, the situation goes from bad to worse in fast speed. The austerity freezing of hiring (1:7) ended up in severe shortages in medical and paramedical personnel. The sharp expenditure cuts deprive hospitals of spare parts and essential material.
- doctors and personnel say that hospitals have become “danger zones”.
“Cuts are such that even in intensive care units we have lost 150 beds.”
- over a year ago, Finland would become the first nation to hand out “helicopter money” in the form of cash directly to a select group of citizens.
- As of January 1, 2017, the experiment in “basic income” has officially begun, with Finland becoming the first country in Europe to pay its unemployed citizens the guaranteed monthly sum of 560 euros ($587), in a “unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.“
- The money, which is guaranteed regardless of income, wealth or employment status, is well below the average private sector income in Finland of €3,500 per month, but is still revolutionary in its broad-sweeping approach and will be closely watched by economists around the globe for its social consequences.
- The idea, at least in theory, is that a universal income offers workers greater security, especially as technological advances reduce the need for human labor. trial aims to discourage people’s fears “of losing out something”, adding that the selected persons would continue to receive the 560 euros even after receiving a job.
- , recipients will not need to prove they are looking for work and the money will be given regardless of any other income the person earns.
- the Finnish government is planning to study whether the policy will recipients find work as it suspects many unemployed people are put off getting a job because they will lose unemployment benefits and therefore be worse off financially –
- People will be accepting low paying jobs and they will be subsidized by the central bank
- setup for 3rd world nation
- Slovakian Prime Minister Robert Fico has pleaded with the remaining 27 nations to cease giving citizens the power to decide their own future.
- Mr Fico pointed to the recent examples in the UK and Italy, which saw the countries turn away from the EU.
- Mr Fico said: “What will we do if . . . there is a referendum in Italy on the euro and Italian citizens decide they don’t want the euro?”
- And across the continent Eurosceptic parties are gaining support, including in the Netherlands and France, which also pose a real threat to the stability of the EU.
- Sir Ivan Rogers, Britain’s top diplomat in Brussels, has abruptly resigned from office just months before Brexit negotiations are expected to begin, Downing Street has confirmed.
- “Sir Ivan has taken this decision now to enable a successor to be appointed before the UK invokes Article 50 by the end of March.”
- His decision could cast Britain’s negotiating position into disarray just months before formal Brexit talks are due to begin, according to the Financial Times. Sir Ivan is one of Britain’s most experienced EU negotiators.
- British citizens are warning that riots and civil war may happen if Brexit isn’t delivered by the March 31st deadline as originally promised.
- According to increasing numbers of Brits living in Brexit-strongholds across the UK, people are becoming restless and ready to take to the streets if the government renege on their Brexit promise.
- “People have spoken and if people don’t get what they’ve asked for then people are going to rise and they are going to use their voice in different ways and they are going to be extremely angry,” concluded Liz Pugh.
- , Trump tweeted out a pair of one-liners this morning taking aim at Obamacare. In what appears to be an attempt to set the stage for a repeal, Trump said that “Obamacare just doesn’t work, and it is not affordable.”
- Trump also utilized the words of Democratic Minnesota Governor, Mark Dayton, who, back in October, called for changes to the healthcare exchanges in his state saying that “the Affordable Care Act is no longer affordable”
- Rate increases for 2017 ranged from 50% – 67% across Minnesota.
- The President-elect scored two victories earlier with Ford announcing plans to keep a plant in the United States, a move they described as a “vote of confidence” in Trump, the Senate has started preparations for a repeal of Obama’s single crowning piece of legislation, the Affordable Care Act.
- the Senate Budget Committee Chairman Mike Enzi released a 2017 budget resolution setting up the process to partially repeal Obamacare early in President-elect Donald Trump’s administration. The Senate will consider the bare-bones budget on the floor starting this week with votes expected next week. Once the House and Senate agree on a resolution a reconciliation bill repealing parts of Obamacare could proceed. Of course, using the reconciliation process allows Republicans to avoid Democratic filibuster in Senate which is the same process that Democrats used to pass the controversial legislation in the first place.
- the House GOP, in a “secret” vote on January 2, voted to strip the Independent Ethics Watchdog of its Independence, limiting its power.
- The vote has displeased Trump, who tweeted that “With all that Congress has to work on, do they really have to make the weakening of the Independent Ethics Watchdog, as unfair as it may be, their number one act and priority. Focus on tax reform, healthcare and so many other things of far greater importance!” .
- The mainstream media are abuzz with claims that House Republicans have voted to “gut” or “eviscerate” the Office of Congressional Ethics (OCE), or to strip it of its independence.
- Perpetual House Minority Leader Nancy Pelosi (D-CA) claimed Republicans had “eliminated” the oversight body, and linked the move to President-elect Donald Trump, claiming that the House Republicans’ move represents a violation of Trump’s campaign promise to “drain the swamp” in Washington.
- The story qualifies as “fake news,” and the fact that it is being repeated by so many outlets does not make the it any less fake.
- First of all, the change — voted on by Republicans on Monday as part of their larger rules package — has nothing to do with Trump. The House sets its own rules, and it would actually be an encroachment on the separation of powers for Trump to tell it to do otherwise.
- Republicans have confirmed the amendment has been pulled.
- As a reminder, House Republicans abruptly voted on Monday night to eliminate the independence of the Office of Congressional Ethics, the chamber’s nonpartisan ethics board which investigates lawmakers’ alleged misconduct, largely stripping it of its power, leading to pushback from Democrats and government watchdog groups.
- The memo apparently summarized a meeting held between DHS officials and Trump’s transition team on December 5th in which requests were made for an assessment of “all assets available for border wall and barrier construction.”
The requests were made in a Dec. 5 meeting between Trump’s transition team and Department of Homeland Security officials,
- The Trump transition team also allegedly took aim at Obama’s executive actions, requesting “copies of every executive order and directive sent to immigration agents since Obama took office in 2009.”
the Trump transition team also hinted at expanding an aerial surveillance program and growing detention capacity for captured illegal immigrants.
One program the transition team asked about, according to the email summary, was Operation Phalanx, an aerial surveillance program that authorizes 1,200 Army National Guard airmen to monitor the southern border for drug trafficking and illegal migration.
The program once deployed 6,000 airmen under President George W. Bush but was downsized by Barack Obama, a move blasted by some conservatives who argue the surveillance is vital to border security.
- Wikileaks promised that 2017 will be an even bigger year for leaks than 2016, which saw the whistleblowing site publish thousands of documents exposing the dirty laundry of the Clinton campaign, US political secrets, covert trade deals and private communications from global leaders. as Bill Holter said in my interview with him, there are going to be a lot of truth bombs coming out this year.
- President Barack Obama, who won the Nobel Peace Prize in 2009, will leave office in a few weeks with the dubious honor of having sold more weapons than any other American president since World War II.
- Most of the arms deals totaling over $200 billion in the period from 2008 to 2015 have ended up in the Middle East, according to a Congressional Research Service reportpublished in December. The report, produced by the non-partisan government agency attached to the Library of Congress, breaks down the weapons sold which included surface-to-air missiles, tanks, and supersonic combat aircraft.
- . Under Obama the overall sales, pending delivery of equipment and specialised training for troops, to Saudi Arabia alone has ballooned to $115 billion.
- The U.S. Defense Department, reacting to North Korea’s statement that it plans to test an intercontinental ballistic missile, said Tuesday it was confident in its ability to protect U.S. allies and the U.S. homeland from threats from Pyongyang.
- Russia is eyeing naval exercises with the Philippines and deployed two navy ships for a goodwill visit to Manila on Tuesday as Moscow moves to expand defense ties with a Filipino president known for being hostile to the U.S.
- Russian crewmen stand at attention on board the Russian Navy vessel Admiral Tributs, a large anti-submarine ship, as it docks at Manila’s pier, Philippines on Tuesday, Jan. 3, 2017. Two Russian Navy Vessels are in the country for a goodwill visit till Jan. 7.
- In yet another surprising move, deputy leader of Libya’s Government of National Accord (GNA) Musa al-Koni announced his resignation, after two ministers also resigned from the government headed by Fayiz al-Sarraj.
- Russia will seek to end an arms embargo against Libya and could supply weapons to Khalifa Haftar, whose forces support a rival administration to the UN-backed unity government,
- Asked whether he was promised arms during a recent visit to Russia, Field Marshal Haftar said Moscow had told him weapons “can arrive only once the [UN] embargo ends”.
- But he was assured that “Putin will undertake to revoke it,“
- Iraqi forces have retaken around two-thirds of the eastern half of Mosul from Daesh since the start of an offensive in mid-October, a top commander said on Sunday.
- Prime Minister said that Turkish lawmakers will vote this week to extend the state of emergency in the country for another three months.Turkey Could Lift State of Emergency in January MOSCOW
- The blockade of water from to 5 million people in Damascus is taking an interesting turn. The U.S. and UK financed White Helmet organization seems to be directly involved in it. This increases the suspicion that the illegal blockade of water to civilians in Damascus is part of a organized campaign under U.S. command. The campaign is designed to block utilities to government held areas as revenge for the liberation of east Aleppo.
- The Syrian government is ready to send repair teams to rehabilitate the water flow to the millions of civilians in Damascus. But access to the site is denied and the Syrian army is now trying to push al-Qaeda and its allies away from it.
- Curiously some “civil” groups today offered access under several (not agreeable) conditions:
- Hassan Ridha @sayed_ridha – 2:10 AM – 3 Jan 2017Wadi Barada statement: we will let teams to fix water spring if SAA-Hezb stop attack, siege lift & monitor ceasefire by intl observers
- EHSANI2 @EHSANI22 – 6:43 AM – 3 Jan 2017Offer by opposition to trade access to water source for #Damascus with halting of military operations by army
- . Note who signed it:
- the Syrian Civil Defense organization aka The White Helmets:
- The U.S. and UK government created and paid White Helmets are “impartially”, “neutrally” and “for all Syrians” blocking the water supply to 5 million Syrians in Damascus. U.S. military and CIA officers run the “operations rooms” in Jordan and Turkey that direct the insurgency.
- The rebels are citing the ongoing military attacks on the Nusra Front, claiming they are “violations,” and that they won’t talk if the ceasefire isn’t in place. This disagreement stems from the wording of the ceasefire excluding UN-recognized terror groups. Though Nusra is a recognized terror group, they rebranded themselves under a new name over the summer, and the rebels argue that that makes them a different group.
- Security analysts make dire predictions for 2017. According to them, we’ll see more undetected, complex data integrity attacks this year aiming for political manipulation