Gold was slammed down again, the constant slams might be an indication that the system is becoming unstable and they want to keep people away from gold. The retail apocalypse continues and this year was the worst, next year might top 2017. US home prices soar to their highest level yet, the bubble is getting ready to pop. 114 Italian banks are in trouble and there are many others around Europe that will not do well during the next financial crisis. The investigation into Flynn is not what you think. North Korea fired another missile, just missed the Thanksgiving holiday, this is the first stage of the event that the Cabal is planning. US will start to wind down military support for groups inside of Syria. The process has begun and the cabal is in trouble in Syria. The cabal is now transporting the IS to Asia to try to get something started there. The BRIC nations are creating their own internet separate and apart from the one that exists now.
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Current News – 11.28.2017
- Right on time, a heavy volume seller struck the precious metals complex right as the US equity market opened...
And Silver was slammed back below $17.00...
- Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down so far. That absolutely shatters the all-time record for store closings in a single year, and yet nobody seems that concerned about it. In 2008, an all-time record 6,163 retail stores were shuttered, and we have already surpassed that mark by a very wide margin. We are facing an unprecedented retail apocalypse,
- Whenever the mainstream media reports on the retail apocalypse, they always try to put a positive spin on the story by blaming the growth of Amazon and other online retailers. And without a doubt that has had an impact, but at this point online shopping still accounts for less than 10 percent of total U.S. retail sales.
- Look, Amazon didn’t just show up to the party. They have been around for many, many years and while it is true that they are growing, they still only account for a very small sliver of the overall retail pie.
- there are 20 different major retail chains that have closed at least 50 stores so far this year.
1. Abercrombie & Fitch: 60 stores
2. Aerosoles: 88 stores
3. American Apparel: 110 stores
4. BCBG: 118 stores
5. Bebe: 168 stores
6. The Children’s Place: hundreds of stores to be closed by 2020
7. CVS: 70 stores
8. Guess: 60 stores
9. Gymboree: 350 stores
10. HHgregg: 220 stores
11. J.Crew: 50 stores
12. JC Penney: 138 stores
13. The Limited: 250 stores
14. Macy’s: 68 stores
15. Michael Kors: 125 stores
16. Payless: 800 stores
17. RadioShack: more than 1,000 stores
18. Rue21: up to 400 stores
19. Sears/Kmart: more than 300 stores
20. Wet Seal: 171 stores
- If the U.S. economy was really doing well, then why are all of these major retailers closing down locations?
- Of course the truth is that the economy is not doing well. The U.S. economy has not grown by at least 3 percent in a single year since the middle of the Bush administration, and it isn’t going to happen this year either. Overall, the U.S. economy has grown by an average of just 1.33 percent over the last 10 years,
- So far this year, more than 300 retailers have filed for bankruptcy, and we are currently on pace to lose over 147 million square feet of retail space by the end of 2017.
- Case-Shiller’s 20-City Composite index surged 6.19% YoY in September – the fastest rate of gain since July 2014.
- The ongoing scarcity of available houses on the market, especially previously-owned dwellings, is likely to keep driving up prices.
- Eight cities have surpassed their peaks from before the financial crisis, according to the report.
- All 20 cities in the index showed year-over-year gains, led by a 12.9 percent increase in Seattle and a 9 percent advance in Las Vegas
- In the past few years, growth in property values has been consistently outpacing wage gains, crimping affordability for younger, first-time buyers.
- The Case-Shiller home price index for the Seattle metro declined a smidgen on a month-to-month basis from the record set at the last reading. It was the first monthly decline since January 2015! First sign of a let-up?
- Dallas-Fort Worth:Atlanta:Portland:
San Francisco Bay Area:
New York City Condos:
- Against expectations of a 0.4% MoM rise – supporting continued growth in GDP into the fourth quarter – October saw a 0.4% plunge in wholesale inventories.
- After five straight months of building inventories, October saw a big GDP-stunting slump...
- The biggest drop was in Motor Vehicles & Parts Dealers which saw a 1% drop in October following a 2.4% decline in September.
- 114 Italian banks have non-performing loans that exceed tangible capital. Ratios above 100% are signs of severe stress…
- The image shows 24 banks where non-performing loans total 200% or more of tangible assets.
- The Texas Ratio was developed by Gerard Cassidy and others at RBC Capital Markets. It is calculated by dividing the value of the lender’s non-performing assets (NPL + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.
- In analyzing Texas banks during the early 1980s recession, Cassidy noted that banks tended to fail when this ratio reached 1:1, or 100%. He noted a similar pattern among New England banks during the recession of the early 1990s.
- At the peak of the SNL crisis in the 1980s, just over 5% of US banks had Texas ratios over 100%.
- In the Great Financial crisis the number approached but did not top 6%.
- In Italy, 114 of “almost” 500 banks have NPLs that exceed tangible capital.
- If were to add real estate owned (bank-owned real estate) to the Italian banks, they would be in even worse shape.
- The mainstream narrative is that squeaky-clean special prosecutor Robert Mueller is going to indict Trump’s one-time foreign policy advisor Michael Flynn because Flynn is in the pocket of the Russians and the Turks.
- But the truth might be totally different …
- After all, Flynn’s meeting with Russian diplomats was completely normal, according to a prominent U.S. Ambassador to the Soviet Union.
- So why is Mueller really going after Flynn?
- When Flynn was head of the U.S. Defense Intelligence Agency and afterwards, he blew the whistle on the U.S. and its allies willfully allowing Islamic terrorists to flourish in Syria.
- Google has written a letter to Russia’s media watchdog saying despite Eric Schmidt’s recent comments about “de-ranking” RT and Sputnik, he referred only to “efforts to improve search quality.” The company claimed it doesn’t “re-rank” individual websites.
- On November 18, when asked during a Q&A session at the Halifax International Security Forum in Canada about whether Google facilitates “Russian propaganda,” the executive chairman of Google’s parent company, Alphabet, said that the global tech giant is planning to change its algorithm and “de-rank” RT and Sputnik to make their articles harder to find. Russian media watchdog Roskomnadzor demanded explanations from Google, asking it to clarify its understanding of the term “ranking” regarding the media outlets.
- On Monday, the watchdog published Google’s reply to its request signed by Nicklas Berild Lundblad, Google’s vice-president of Public Policy and Government Relations Europe, Middle East and Africa. The letter apparently dismissed Schmidt’s statement, claiming that no particular websites are to be targeted.
- The watchdog said in a statement, citing its deputy head Vadim Subbotin, that it was going to monitor if there are changes to the way Russian media’s news appears in the search to dismiss any possible doubts within the Russian community.
- Update: In response to the launch, the South Korean military has staged a “precision strike” missile exercise in response, Yonhap reports citing the JCS. Meanwhile, the Pentagon has confirmed that the North Korean launch took place at 1:30pm EST, and was still assessing.
- Separately, the office of the Japanese PM said the North Korean missile landed off the coast of Japan, likely inside the country’s Exclusive Economic Zone (EEZ).
- * *
- N. Korea missile landed in Japan’s exclusive economic zone (EEZ), and thus could be seen as an act of aggression.
- The Russian and US foreign offices are holding consultations on the North Korean crisis on permanent basis, Russian Deputy Foreign Minister Igor Morgulov said while on a visit to Seoul as cited by Ria Novosti. During his trip the deputy minister is to meet South Korean special envoy Lee Do-hoon to discuss the North Korean settlement. “We are in constant dialogue with our American colleagues on this topic. Contacts are maintained through the Foreign Ministry and the State Department,” the diplomat said. He added that it is “too early” to talk about the timing of official negotiations on the issue, but said that such meeting could “theoretically” take place.
- The US will be capping military support it provides to rebel groups fighting Islamic State (IS, formerly ISIS/ISIL) in Syria and Iraq as the coalition gains ground on ISIS, “Now that we’re continuing to crush the physical caliphate, that we’re in a position to stop providing military equipment to certain groups,”
- n November 25, Co-chairman of the Syrian Democratic Council (SDC) Riad Darar told the pro-Kurdish media network Rudaw that the Syrian Democratic Forces (SDF) will join the “Syrian Army” if a political solution is reached in Syria.
- The SDC is the political wing of the US-backed SDF and it is dominated by the Kurdish Democratic Union Party (PYD).
“If we are going to a united Syria with a federal system, we believe that there will be no need for the weapons or the forces, because these forces will join the Syrian Army and because the important ministries like the defense and forgiven affairs will be in the center [capital], the SDF is a Syrian force not a local force,” Darar said, according to Rudaw TV.
- Russia has made it abundantly clear that the positions of President Bashar al-Assad and his Iranian allies are non-negotiable.
- Russia’s envoy to the long and almost perpetually stalled Geneva peace talks for Syria has admonished members of the so-called “Syrian opposition” to stop playing games and cease repeating the old line that “Assad must go”, as the reality is that the President of Syria will remain in his office for the foreseeable future.
- The Syrian government is making a colossal compromise by even sitting at the table with such criminal elements and is prepared to make further moderate compromises within a legal framework for the sake of peace.
- Western think tanks have been increasingly busy cultivating a narrative to explain the sudden and spreading presence of militants linked or fighting under the banner of the self-proclaimed “Islamic State” (ISIS) across Southeast Asia.
This narrative – these think tanks would have audiences believe – entails militants fleeing Syria and Iraq, and entrenching themselves amid supposedly sectarian conflicts in Southeast Asia. The think tanks conveniently never mention how tens of thousands of militants are funding the logistical feat required to move them to Southeast Asia or sustain their militant operations in the region once they arrive.
- Putin and the Security Council are developing the new Internet initially for BRICS nations, which will be totally independent of global elite corporations and governments and will continue to work in the event of global internet outages.
- The new initiative was brought forward at the October meeting of the Security Council, with Putin setting a deadline of August 1, 2018.
- It is believed the new independent Internet will be free from censorship, with the likes of Google and Facebook barred from monopolising key functions such as search results and social media communications.