US job openings pull back, we are seeing the same signs that we saw back in 2008, the market is starting to turn. The US pension system is in trouble, the Kentucky teacher pension system does not have enough money to payout to existing retirees, so they might need to take a pay cut. The FED is worried about inflation, we are already seeing inflation in food, this is one of the best indicators of inflation. Inflation is going to hit like a tidal wave. Veritas Project went undercover in the NYT and broke a major story. Spain has given Catalonia a 5 day ultimatum. The push for war with NK is building. The corporate media is using propaganda to show that NK is preparing to hit the power grid. The US sends a ship to the South China Sea. Russia is going to broker peace with Saudi Arabia and Iran and with Yemen. The Cabal is losing power in the middle east.
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Current News – 10.11.2017
- After two consecutive months of record high job openings, today’s August JOLTS report – Janet Yellen’s favorite labor market indicator – showed a modest pullback across most categories, with the total number of job openings falling in august from 6.140MM to 6.082MM, below the 6.125MM
- The number of total job openings declined modestly by 58,000, increasing in health care and social assistance (+71,000) and in durable goods manufacturing (+31,000), while job openings decreased in other services (-95,000), educational services (-51,000), and non-durable goods manufacturing (-48,000).
- Kentucky’s Teachers’ Retirement System saw a 64% surge in teacher retirements YoY in the month of September. Meanwhile, system-wide retirements increased a staggering 37.4% in September and are up 23% so far in October.
The Teachers’ Retirement System has received applications of 120 members who have decided to retire on Nov. 1. That’s up 64 percent over the 73 members who retired on Nov. 1 of last year.
And Kentucky Retirement Systems reported this week that 677 state and local government employees across Kentucky have submitted notices they will retire this month, an increase of about 23 percent over the 551 retirements the system saw in October of last year.
The increase at KRS was even larger in September when 746 employees decided to retire — a jump of 37.4 percent over September 2016.
- every successful ponzi scheme requires precisely one critical component to keep it afloat: a steady stream of fresh capital to fund redemptions. Inversely, every ponzi meets it’s inevitable doom when participants finally realize they’ve been duped and all rush for the exits at the same time, which Kentucky employees now seem to be doing.
An independent consultant recommended sweeping changes Monday to the pension systems that cover most of Kentucky’s public workers, creating the possibility that lawmakers will cut payments to existing retirees and force most current and future hires into 401(k)-style retirement plans.
- the Fed discovered that its official measures of inflation (CPI and PCE) do a horrible job of predicting future inflation.
- So what does predict future inflation accurately?
- FOOD prices.
- We see that past inflation in food prices has been a better forecaster of future inflation than has the popular core measure…Comparing the past year’s inflation in food prices to the prices of other components that comprise the PCEPI (as in Table 1), we find that the food component still ranks the best among them all…
- I want you to focus on these two admissions:
- 1) The Fed has admitted that its official inflation measures do not accurately predict future inflation.
- 2) The Fed admitted that FOOD prices are a much better predictor of future inflation. In fact food prices were a better predictor of inflation than the Fed’s PCE, non-durables goods, transportation services, housing, clothing, energy and more.
- Put simply, if you want to predict inflation well… you NEED to look at food prices.
- With that in mind, food inflation is on the rise. As a whole, Food and Beverage inflation has broken out of a descending wedge pattern (blue lines) in the context of a massive wedge triangle pattern (purples lines). We’re heading for a test of the upper purple line shortly.
In 2016, he was recruited to work for the Clinton campaign:
“So I have that background, so when Clinton in 2016… they needed a volunteer strategist to do video…
- Update: The New York Times has just responded to the latest Project Veritas bombshell by dismissing the target of the undercover video, Nick Dudich, as a “recent hire” in a “junior position” who “misrepresented his role.” The NYT confirmed that it looked as though he had “violated our ethical standards” and said they’re “reviewing the situation.”
- Here is the full statement from NYT spokeswoman, Danielle Rhoades Ha:
Based on what we’ve seen in the Project Veritas video, it appears that a recent hire in a junior position violated our ethical standards and misrepresented his role. In his role at The Times, he was responsible for posting already published video on other platforms and was never involved in the creation or editing of Times videos. We are reviewing the situation now.
- All of which sounds like Dudich is about to find himself without a job...maybe it’s time to do another tour of duty with Antifa?
- * * *
- In the latest of a series of undercover operations targeting mainstream media bias, James O’Keefe has just dropped a new undercover video which takes direct aim at the New York Times’ Audience Strategy Editor, Nick Dudich, who admits repeatedly to promoting content that intentionally seeks to, among other things, damage President Trump’s businesses as a means towards forcing his resignation.
Dudich considers himself an important player at the New York Times, telling the Project Veritas Journalist “my voice is on… my imprint is on every video we do.”
Dudich goes on to explain what he might do to target President Trump:
“I’d target his businesses, his dumb fuck of a son, Donald Jr., and Eric…
When the undercover journalist asks Dudich if he could make sure that the anti-Trump stories make it to the front, he replied, “Oh, we always do.”
- To our complete ‘shock’, O’Keefe also learned the Dudich worked for Hillary’s 2016 presidential campaign and Obama’s campaign in both 2008 and 2012…
- In a much anticipated televized briefing, Spanish Prime Minister Mariano Rajoy formally demanded the Catalan leader clarify whether independence has been declared, saying that is needed before he can decide what steps to take. The Spanish leader announced that the central government has moved to take the first step towards suspending home rule in Catalonia on Wednesday morning.
- “This notification is necessary when it comes to activating Article 155 of the Constitution”, he added.
- N.KOREA FOREIGN MINISTER SAYS TRUMP ‘LIT THE WICK OF WAR’ WITH SPEECH AT UN – TASS
- NORTH KOREA FOREIGN MINISTER SAYS NORTH KOREA WILL MAKE U.S. PAY WITH HAIL OF FIRE
- NORTH KOREA FOREIGN MINISTER SAYS N.K. HAS ALMOST ACHIEVED BALANCE OF POWER WITH USA: TASS
- N.KOREA FOREIGN MINISTER TELLS RUSSIA’S TASS THAT N.KOREA NUCLEAR PROGRAMME GUARANTEES PEACE AND SAFETY IN REGION
- N.KOREA FOREIGN MINISTER SAYS NUCLEAR PROGRAMME WILL NEVER BE MATTER OF DISCUSSION WHILE U.S. INTENT ON CRUSHING N.KOREA – TASS
- the U.S. and South Korean militaries have recently spotted about 30 Scud rockets being moved from Hwangju, south of the capital Pyongyang, to a missile maintenance facility in the western coastal city of Nampo.
- The bombers from Guam entered the Korean Air Defense Identification Zone at around 8:50 p.m. Tuesday, according to the South’s Joint Chiefs of Staff.
- North Korea has targeted American power companies for cyberattack, according to a report
- Hackers linked to Kim Jong Un’s regime would target people with spear phishing emails that trick recipients into downloading malware, cybersecurity company FireEye said in a report obtained by NBC News.
- While there’s no evidence the hackers were successful, FireEye says American electric companies could’ve been targeted because of increased tensions between the U.S. and North Korea.
- In a provocation that’s sure to raise eyebrows in Beijing, a US Navy destroyer on Tuesday sailed within 12 miles of Paracel islands in the South China Sea in what appears to be the first US “Freedom of Navigation” operation in two months.
- the USS Chafee, a guided-missile destroyer, challenged “excessive maritime claims” near the Paracel Islands, among a string of islets, reefs and shoals over which China has territorial disputes with its neighbors. The operation is believed to be the fourth of its kind to take place since Trump took office.
- the ship didn’t penetrate a 12 nautical mile boundary surrounding the islands that marks the islands’ internationally recognized territorial limits. Sailing within that range is meant to show the US doesn’t recognize territorial claims.
- Turkey has stated that outgoing US Ambassador John Bass, is no longer a legitimate representative of a foreign state.
- Turkey has rejected holding any meetings with outgoing US Ambassador to Turkey, John Bass. While outgoing ambassadors typically meet with ministers of state and even heads of states, President Erdogan and his leading ministers have instead taking the opportunity to slam the United States for refusing to cooperate with Ankara over the arrest of two US consular workers alleged to have ties with the terrorist organisation of Fethullah Gulen.
- Turkey has been further infuriated that the US has closed its visa issuing facilities in Turkey as a result of the arrest of the two alleged terrorists who had worked for the United States.
- Russia which is enjoying historically good relations with Iran and increasingly close relations with Saudi Arabia, has offered to broker a de-escalation agreement between the Tehran and Riyadh.
- Russia’s Deputy Foreign Minister Mikhail Bogdanov has made the following statement about mediation efforts between Iran and Saudi, .
- Russia is using diplomatic initiatives in order to make the de-facto argument that economic cooperation will make for a safer and more prosperous Middle East than one which allows political divides to be violently exploited by foreign actors like the United States.
- Saudi King Salman bin Abdul-Aziz Al Saud’s Oct. 4-5 visit to Moscow ignited new speculation over Russia’s growing role in the Middle East: this time, in Yemen.
- The Saudi and United Arab Emirates-led military operation in Yemen has stalled, with no strategic successes since fall 2015 after the Saudi coalition forces seized Aden and parts of Taiz province.
- Russia seems the logical choice to solve the Yemen crisis. In their turn, Oman and Kuwait — Gulf Cooperation Council members that are not directly involved in the conflict and could act as third-party mediators — have actually exhausted their potential to settle the Yemeni dispute. Speaking not for attribution, a Russian diplomat serving in a Gulf monarchy told Al-Monitor that Kuwait, which hosted the latest round of Yemeni negotiations, sought to raise its “peacekeeper” profile, only for its reputation to pay a heavy price for the failed initiative.
- The spokesperson for the Free Syrian Army faction, Jaysh Al-Izza, told Jisr TV on Tuesday that Jordan had cut their military funding after they refused to stop fighting the Syrian government forces.