If Congress Passes This Amendment It Will Change Everything – Episode 1326

If Congress Passes This Amendment It Will Change Everything

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Silver flash crash, was it a glitch or was this manipulation gone crazy. June employment number are in and once again they are manipulated to make everyone believe the economy is doing well. Jobs added came from government, food and retail, so jobs added were part-time. Business and consumer are declaring bankruptcies has the economy breaks down.  Junk bonds are signalling the end of a credit cycle. BofA is now predicting using their models that the market is going to crash this fall. The investigation that Mueller is heading up is a joke, the DNC will not let anyone look at their servers. No one from the FBI, DHS or police have looked at the server except one company Crowd Strike. Trump and Putin met and spoke with each other for two hours or so. Philippine authorities said they found the person that was funding the IS. Japan and the US have drills to prepare for a conflict with NK. Trump asks neighboring countries to help with NK, translation, Russia, China put your plan into action. Russia & Syria want the US to inspect the airbase for chemical weapons, the US does not want to do this. Russia, Iran, Syria, Turkey and the US strike a ceasefire deal in Syria. U.S. House Appropriations Committee passed an amendment to de-authorise the AUMF, If congress passed this amendment the deep state will be cut off in the middle east.

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Current News – 07.07.2017


Economy

Silver Flash Smash was a ‘Glitch’- SKG Comment 

  • Last night, their was a silver flash crash  and the event iis being reported as a  ‘glitch’  . This implies there was no person or fat fingered banker spoofing the market. It also implies that the “problem” was electronic. Indeed we think it was. But electronic in what way?

Spot Silver dropped 6% before snapping back.

Best we can tell, after the CME reopen of futures someone or some THING sold approximately 8,200 contracts into the market in a 5 minute period.

  • Perhaps a new algo was unleashed for testing and did glitch, selling when it shouldn’t have
  • In fact, the CME did halt trading for 10 seconds last night, presumably to address this ‘glitch’

Source: zerohedge.com

June Payrolls Rise 222K, Beat Expectations, But Hourly Earnings Disappoint 

  •   the BLS reported that in June the US added 222K jobs

  • the BLS reported that 31k employees could not work due to poor weather conditions, which is roughly in line with the 35K average for June. And yetsome 221k workers who usually work full-time could only work part-time due to the weather last month.

Meanwhile, the unemployment rate rose from 4.3% to 4.4%, and above the expectation of an unchanged print.

  • The labor participation rate rose by 0.1% to 62.8% 

  • However, the clear negative in today’s report is that despite the better than expected job growth, wage growth once again disappointed, with average hourly earnings rising only 0.2% (technically 0.153%), missing expectations of a 0.3% increase,

 Source: zerohedge.com

Consumers and Businesses Buckle under their Debts

  • Bankruptcies surge 
  • Commercial Chapter 11 bankruptcies – an effort to restructure the business, rather than liquidating it – jumped 16% year-over-year in June to 581 filings across the US. Total commercial bankruptcies of all types, by large corporations to tiny sole proprietorships, rose 2% year-over-year to 3,385 filings, according to the American Bankruptcy Institute. This was up 39% from June 2015 and up 18% from June 2014.
  •  the next wave is building, with large and small retail operations at the forefront.  the largest chains of the brick-and-mortar meltdown, but there are many smaller operations, mom-and-pop stores, fashion shops, and the like that have quietly given up.

  • Consumers seeking bankruptcy protection are those with piles of debt they can no longer handle, given their stagnating or declining real incomes, or perhaps the loss of income. This data shows that more consumers are facing these conditions, and the first wave is throwing in the towel.
  • The primary causes for the increase in filings are the $1.12 trillion in auto loans, the $1 trillion in credit card debts, and other consumer loans. Those loans fired up consumer spending in prior years. Now the bill is coming due.

Source: wolfstreet.com

Did Junk Bonds Just Signal the End to This Credit Cycle? 

  •  high yield credit (HYG), which leads the S&P 500, has already broken its respective trendline. This is a serious “risk off” signal.
  • Indeed, it gets worse. HYG is in fact breaking out of a massive rising wedge pattern that could very well mark the end for the 9 year bull market in risk.

 

  • What would this mean for stocks?
  • The 3rd and biggest Crisis 20 years.

Source: zerohedge.com

BofA: “Massive Market Inflection Point Coming This Summer: Will Lead To Fall Crash”

  • BofA analyst writes that over the next 6 months, higher interest rates likely be “much more negative for stocks & credit given new central bank policies; tightening by the Fed, rhetorical tightening by ECB has already succeeded in raising bond yields, volatility, reducing tech stocks,
  • BofA analyst  says when looking at near-term catalysts, he views the summer of 2017 as a “massive inflection point in central bank liquidity trade…will likely lead to “Humpty-Dumpty” big fall in market in autumn, in our view.The outcome of this global coordinated tightening, as he has shown below, will be a “financial event”

  • In addition to central bank liquidity, two other factors that Hartnett believes will force a market inflection point are corporate bonds & profits which are rolling over:

Source: zerohedge.com


Political/Rights

DNC Server: Most Critical Evidence To Proving “Russian Hacking” Is Being Withheld From Mueller, Why?

  • , the DNC has completely refused to cooperate with the FBI, the Department of Homeland Security and/or Robert Mueller’s independent investigation.  Which begs one very simple question, why?
  • a cybersecurity firm called CrowdStrike, is the only organization that has been allowed by the DNC to inspect their email serveran inspection which quickly resulted in the very ‘convenient’ conclusion that Russia was the culprit of the hack..which is turning out to be fake
  • All of which brings us back to our original question: If the DNC is in possession of actual tangible evidence that could prove once and for all that Russians hacked their servers and attempted to undermine the campaign of Hillary Clinton, why not share that evidence with investigators 
  • Might it have something to do with this “purely coincidental’ meeting on a tarmac in Phoenix and/or Loretta Lynch’s ‘assurances’ that the FBI’s investigation (or, “matter” if you prefer) of Hillary Clinton “wouldn’t go too far“?

Source: zerohedge.com


Geopolitical/Police State

Violence Rages In Hamburg As G20 Summit Kicks OffVIOLENCE RAGES IN HAMBURG AS G20 SUMMIT KICKS OFF

  • Protests continued in Hamburg  as the G20 summit kicked off in the city.
  • Police is deploying reinforcements because the 20,000-strong force providing security during the G20 summit is not enough to stop the violence.
  • A police helicopter was nearly hit by a pistol flare light on Friday:
  • Demonstrators set a number of cars on fire and vandalized some police vehicles.

 

 

Source: southfront.org

 Donald Trump Meets Vladimir Putin: Here Is The “Historic” Handshake

  • Trump and Putin shook hands.The highly anticipated first handshake happened in private but someone snapped a picture

Source: zerohedge.com

Putin Reveals What He Discussed With Trump In Two-Hour Long First Meeting

  • Following their first ever, 2+ hour meeting which was originally supposed to last only 30-40 minutes, the question on everyone’s mind was what did the two discuss.

  • Putin said “I had a very lengthy conversation with the President of the United States, there were a lot of issues such as Ukraine, Syria, other problems, some bilateral issues”, 
  • “We again returned to the issues of fighting terrorism and cybersecurity,” Putin added.
  • Until now, Putin and Trump had only spoken on the phone. They were not alone: Russian Foreign Minister Sergey Lavrov and US Secretary of State Rex Tillerson were also present at the talks.
  • * * *
  • Earlier, during the press photo session, Trump told the media that “President Putin and I have been discussing various things, and I think it’s going very well.”
  • “We’ve had some very, very good talks, we are going to have a talk now and obviously that will continue,” Trump added, saying there are hopes of “a lot of very positive things happening.”

Source: zerohedge.com


War

129 Nations Set to Approve Nuclear Weapons Ban

  • an estimated 129 nations are prepared to sign a global ban on nuclear weapons, the first ever such treaty and the first multilateral nuclear disarmament treaty in more than 20 years. Unfortunately, it won’t involve any actual disarmament.
  • That’s because every single nuclear weapons-having nation on the planet has boycotted the effort, along with the entire NATO alliance except for the Netherlands, though it’s not clear if even they are among the nations planning to sign the final treaty.
  • Most of the nations have quietly ignored the conferences, while the United States has been particularly outspoken in its opposition of the plan, saying that it was “not realistic” and that the US doesn’t trust the other nuclear powers to disarm if a deal was reached.

Source: news.antiwar.com

Philippine Authorities Arrest ISIS Main FinancierPHILIPPINE AUTHORITIES ARREST ISIS MAIN FINANCIER

  • Philippine authorities announced on July 5 that they had arrested a woman suspected of being the main financier of ISIS terrorist organization in the country. She also suspected of being responsible for logistical support of the terrorist organization in the Philippines.
  • Brigadier-General Gilbert Gapay of the Philippine Army announced that security forces raided a village near Marawi and arrested 3 suspects and found ammunition and explosive materials.
  • According to General Gapay, one of the suspects is a woman named Monaliza Romato. She is the niece of the matriarch of the Maute clan. Maute clan men have led the attack on Marawi city.

Source: southfront.org

US, Japan Deploy JASSM Missiles To Strike North Korea

  • The US and Japan have deployed Joint Air-to-Surface Standoff Missiles (JASSMs) towards North Korea in readiness to strike Pyongyang. 
  • US F-16s and Japanese F-35s were sent to South Korea on Thursday in order to receive long-range missile ready to strike the North Korean regime.

Source:  yournewswire.com

US secretary of defence says North Korea ‘diplomacy has not failed’

  • Mattis said that the United States is still focused on diplomatic efforts to stop North Korea’s developing nuclear programme
  • Mattis also said that despite the test, he did not believe that the United States or its allies are “closer to war” with North Korea d.

Source: janes.com

Trump Joins Japan, South Korea Leaders in Call for China, Russia to ‘Make Efforts’ to Curb North Korea

  • President Donald Trump met with Japanese Prime Minister Shinzo Abe and President Moon Jae-in of South Korea ahead of the G20 summit in Hamburg, Germany on Friday.
  • The three leaders issued a joint statement on “the serious and escalating threat posed by the nuclear and ballistic missile programs of the Democratic People’s Republic of Korea.”
  • Trump, Abe, and Moon called for other nations to reduce their “economic relations” with North Korea, and asked “nations that border the DPRK to make further efforts to convince the DPRK regime to abandon its current threatening and provocative path and immediately take steps to denuclearize and to halt its ballistic missile program.” Which is Russia and China,

Source: breitbart.com

Qatar crisis: Arab countries vow new sanctions against ‘hostile’ Doha

  • “The obstinacy of the Qatari Government and their rejection of the demands submitted by the four countries, reflect Qatar’s connections to the terrorist group and that it continuous [sic] its quest to undermine security and stability in the Gulf and the region and to intentionally harm the interests of the peoples of the region, including the Qatari people,”
  • The statement comes after Qatar rejected a list of 13 demands from the Arab countries earlier this week.

Source: rt.com

Syrian Army Set To Recapture Oil Field Near Palmyra From ISIS

  • Syria’s army is advancing against ISIS militants in the central Homs province, and has encircled terrorists in the al-Hael oil field near the ancient city of Palmyra,
  • Army units are currently less than a mile away from the al-Hael oil field, and are closing in on ISIS militants in the field from the west, south, and southeast,
  • Last month, the army recaptured the Ark oil field, some 25 miles northeast of Palmyra,

Source: zerohedge.com

US refusal to inspect Shayrat airbase evokes alarming thoughts — Russian diplomat

  • The US refusal to visit the Shayrat airbase, which Washington claims was used by the Syrian government to launch the April 4 chemical attack on Khan Shaykhun, calls to mind alarming thoughts about the reasons behind the denial, a senior Russian diplomat said.
  • The Russian Foreign Ministry’s Director of the Department for Non-Proliferation and Arms Control Mikhail Ulyanov said the results of the international investigation would be much more complete if OPCW experts actually visited Shayrat Airbase where the sarin, used in Khan Sheikhoun, was allegedly stored.
  • “If US partners are really confident about this, then they should grab at the chance to visit this facility to obtain evidence showing that Damascus is guilty of violating the Convention and to prevent the use of poisonous gases. But the United States continues to emphatically refuse to do this. This is giving rise to alarming thoughts and evoking even more serious questions,” he went on.

Source: tass.com

US, Russia Reach Ceasefire Deal in Southwest Syria – US Official

  • US, Russia and other countries active in the region have reached a ceasefire deal in southwestern Syria, the meeting between Russian President Vladimir Putin and his American counterpart Donald Trump on the sidelines of G20 Summit in Hamburg on Friday.
  • Russia and Turkey are the guarantors of a nationwide Syrian ceasefire regime that came into force on December 30, 2016 and has been holding up in general, despite continued reports of violations. The UN Security Council passed a resolution in December 2016 supporting the effort.

Source: sputniknews.com

De-Authorize the Use of Military Force

  • Last Thursday the U.S. House Appropriations Committee unanimously passed an amendment that would — if passed by the full Congress — repeal, after an 8-month delay, the Authorization for the Use of Military Force (AUMF) passed by Congress just after September 11, 2001, and used as a justification for wars ever since.
  • Also last week, the U.S. Conference of Mayors unanimously passed three resolutions strongly urging Congress to move funding from militarism to human needs,
  • The AUMF violated the intention of the authors of the U.S. Constitution, which was to require that Congress vote before any war could begin, as well as that Congress raise and fund an army for no more than a two-year period without voting to appropriate more funding.
  • The AUMF also conflicts with Article VI of the Constitution which makes treaties the “supreme law of the land.” The United Nations Charter and the Kellogg-Briand Pact are treaties the United States is party to. The former makes most wars, including all current U.S. wars, illegal. The latter makes all wars illegal. Congress has no power to legalize war by properly declaring or authorizing it.

Source:washingtonsblog.com

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