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.
Check Out The X22 Report Spotlight YouTube Channel – X22Report Spotlight
Please check Newzsentinel.com for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.
Current News – 07.30.2017
- The last two times Americans were saving this little in order to maintain their lifetsyles, the US economy was in recession.
- American households scaled back their pace of savings to the lowest level in nine years at the end of 2016 as the growth of their wages and salaries slowed.
- This is the lowest reading since a 2.8% rate in the final three months of 2007, just as the U.S. was entering a recession.
- not only did Q2 GDP print fractionally less than expected, at 2.6% vs consensus expectations of 2.7%, but Q1 GDP of 1.4% was also revised slightly lower, from 1.4% to 1.2%,
- Remember when in January of 2015, after a bout of heavy snowfall and cold weather across, everyone was certain that Q1 GDP would be a disaster? If not, here is a reminder from the WSJ:
Brace for blizzards and other bad weather to hit the economy again this winter, though perhaps not as deeply as last year. The forecasting firm Macroeconomic Advisers on Thursday said heavy snowfall pounding the Northeast and parts of the Midwest will subtract 0.4 percentage point from gross domestic product growth in the first quarter.
- This is what Forbes said at the time: “many economists and investors are pointing to snowy winter weather as the root of the weakness.”
- And, as predicted, all these prediction came true because on April 29, 2015, when the BEAR released its first estimate of Q1 GDP, it said the US economy grew only 0.2%?
- The number was so bad, it prompted the BEA to unleash the infamous “double seasonal adjustment” to eliminate residual seasonality
- Looking back, however, we can now revise the statement, because all those doom and gloom predictions came true “at the time” as today, as part of its Q2 GDP release, the BEA also released its annual revision of National Income and Product Accounts.
- . And as a result, following a slew of revisions, what was originally a weather-crushed 0.2% GDP quarter is as of this moment, a nice and balmy 3.2%.
- And that’s why all economic data is absolutely meaningless.
- Nothing scares the government more than something it can’t control, and the Securities and Exchange Commission (SEC) revealed this week that it is terrified of cryptocurrencies Since cryptocurrencies allow people to keep all of their money, this is a big problem for the lawmakers. Soon, people may even start to realize they can buy, sell, and trade freely without any government intervention. The horror.
- So the SEC recently got together to write up even more regulations to try to scare people away from using cryptocurrencies and the blockchain by targeting Initial Coin Offerings, or ICOs. Initial Coin Offerings have become very popular recently as a way for crypto start-ups to raise funds for their ventures using digital tokens (cryptocurrency) like Bitcoin or Ethers.
- Okay, so the government wants to regulate virtual tokens, aka cryptocurrency. Good luck. As blockchain engineer Elaine Ou pointed out on Twitter, ICO’s are “Untraceable, international, [have] no central authority, [and] funds can’t be frozen. The SEC ICO warning is the best ad for ICO’s.”
- So while the government can — and will — continue to make the lives of innocent people miserable using weapons like civil asset forfeiture, crypto regulations, web-provider takedowns, and the war on drugs, these are all last ditch efforts by a desperate ruling class on its death bed.
- The creativity and resilience human beings possess do not exist within the jurisdiction of the government – no matter how hard it tries to convince us otherwise.
- What’s the last big toy you buy when things have been good for a really long time and you already have all the other toys? An RV, of course. A dubious thing to own if you already have a house, but when the good times seem likely to roll on forever, why the hell not?
- And what’s the first thing you sell when you lose your job and your stocks are tanking? That very same RV. Which makes new RV sales a useful indicator of our place in the business cycle.
- What does it say now? Here you go:
- Notice the mini-spike in the late 1990s and the major spike in mid-2000s, both of which were followed by corrections. Now note the mega-spike from 2010 and 2016.
- And how are things going so far this year? Well, the space is on fire:
- If there is a run on the bank, any bank in the EU, you better be among the first to get your money out.
- Although it’s your money, the EU wants to Freeze Accounts to Prevent Runs at Failing Banks.
European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs
The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble.
The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender.
If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!
- IT HAS BEGUN. He will stop pumping money into the exchanges. He will crash Obamacare
- White House communications director Anthony Scaramucci won’t take a salary for his new job, a White House official told The Daily Caller.
- In the new role as a senior White House aide, Scaramucci could earn $179,000 annually.
- the U.S. government ordered family members of employees at its embassy in Venezuela to leave as the nation’s political crisis deepened ahead of a controversial vote critics contend will end democracy in the oil-rich country. Similarly, Canada warned its nationals against non-essential travel to Venezuela and urged citizens already there to leave.
- North Korea is believed to have launched an intercontinental ballistic missile (ICBM) on Friday, according to the Pentagon and South Korean military, as quoted by local media.
- the US Air Force did it again on Sunday, when it the flew two supersonic B-1B bombers over the Korean peninsula in “a show of force” on Sunday after Pyongyang’s Friday test The two B-1Bs flew alongside two Japanese F-2 jet fighters within Japanese airspace before conducting an exercise over South Korea with four South Korean F-15 fighters
- A missile launched by North Korea on Friday was an intermediate-range ballistic missile (IRBM), Russia’s Defense Ministry said, citing data from its missile warning system. This counters claims made by the Pentagon and South Korean military, who said the launch was an ICBM.
- The weapon was fired at around 5:40pm Moscow time on July 28 from a firing range in Tongchang-dong, North Korea, the Russian military said, adding that the flight was detected by Russia’s missile defense alarm system.
- Citing the parametric data of the North Korean missile, the ministry assessed the weapon to be of an IRBM class.
- THE MEDIA IS NOW filled with headlines about North Korea’s missile teston Friday, which demonstrated that its ICBMs may be able to reach the continental U.S. What isn’t mentioned in any of these stories is how we got to this point — in particular, what Dan Coats, President Donald Trump’s Director of National Intelligence, explained last week at the Aspen Security Forum.
- North Korea’s 33-year-old dictator Kim Jong-un is not crazy, said Coats. In fact, he has “some rationale backing his actions” regarding the country’s nuclear weapons. That rationale is the way the U.S. has demonstrated that North Korea must keep them to ensure “survival for his regime, survival for his country.”
- Kim, according to Coats, “has watched, I think, what has happened around the world relative to nations that possess nuclear capabilities and the leverage they have and seen that having the nuclear card in your pocket results in a lot of deterrence capability.” In particular, “The lessons that we learned out of Libya giving up its nukes … is, unfortunately: If you had nukes, never give them up. If you don’t have them, get them.”
- The US’ latest disinformation offensive against Russia is aimed at manipulating Trump into dispatching more uniformed troops to Afghanistan
- The US is aghast that Russia has taken the lead in organizing the Moscow peace process for Afghanistan, which has already seen three meetings hosted in the Russian capital involving all of the country’s regional stakeholders. Importantly, Russia’s policy has recently evolved to the point where Moscow has come to regard the Taliban as an indispensable party to reaching a political solution to the War on Afghanistan, and this is largely due to the group’s effective anti-terrorist fight against Daesh. Pakistan is more directly affected by this stemming from the fact that it borders AfghanistanFor these reasons, Russia and Pakistan have a common interest in bringing peace to Afghanistan and incorporating the Taliban into the country’s political process, but it’s this combination of factors which has thrown the US’ permanent military, intelligence, and diplomatic bureaucracies (the “deep state”) into such a tizzy. They understand the game-changing implications of the Russian-Pakistan rapprochement and fear that it might grow to the level of a geostrategic partnership, which is why they’re so eager to disrupt it at all costs. the US wants to push the Taliban out of its resource-rich areas, extract and export the rare earth minerals under the soil there, and ensure sustainable security for this entire operation,
In order to push their case that the military should be in charge of this ultra-profitable operation, the “deep state” concocted the fake news conspiracy theory that “Russia is arming the Taliban” in order to “play the Russia card” in pressuring Trump to side with the Pentagon as opposed to the PMCs.
“We invite all BRICS nations to join the international data bank for countering terrorism created by the FSB in Russia. Thanks to the participation of 33 foreign special services and a number of relevant international organizations, we have created a consolidated array of information on persons complicit in terrorist activities and also on extremist and terrorist groups.”
- Moreover, Patrushev encouraged foreign security officials to be more active in implementing the provisions of international agreements on fighting terrorism.
“We are confident that considering the threat that comes from the Islamic State (IS, formerly ISIS/ISIL) terrorist group as well as the danger of other terrorist organizations, we must act resolutely. And we count on our colleagues’ support in this.”
- BRICS is an international group that consists of Brazil, Russia, India, China, and South Africa. The five major emerging economies constitute about half of the world’s population and 30 percent of global economic output.
- Why prevent BRICS from countering terrorism? Why not fight it together?The only reasonable explanation would be that the goals are rather different: one wants terrorism to end, while the other wants it to prosper…
- Source: theduran.com
- The U.S. sanctions bill, designed to hurt Russia, may have unintended consequences for the United States
- the Senate passed by 98–2 a bill codifying and expanding existing sanctions,
- The U.S. sanctions bill, designed to hurt Russia, may have unintended consequences for the United States. As currently written, it will not only continue to penalize Russia but will also penalize American and European businesses because of its restrictions on energy projects that involve Russian companies. Specifically, the bill seeks to prevent the construction of the Nord Stream Two gas pipeline that would export Russian gas under the Baltic Sea to Europe. Germany supports the pipeline as the most cost-effective way to meet future gas demand, as do most—but certainly not all—of its EU partners. Jean-Claude Juncker, president of the European Commission, has warned that the sanction bill “could have unintended unilateral effects that impact the EU’s energy security interests.”
- The Russian-EU relations will become more constructive amid the US decision to introduce new sanctions against Moscow,
- France and Germany have so far spoken out against the bill as it affects European industries while advancing US commercial interests.
- “I am sure that Europe will think more and more seriously and the Russian-EU relations… will be slowly but surely becoming more constructive,” Slutsky said.
- The Russian President Vladimir Putin has confirmed that the US diplomatic presence in Russia will be reduced by 755 individuals. This follows from the earlier announcement that Russia is to cut off US access to certain storage facilities the US Embassy uses in Moscow.
- President Putin stated,
“The American side has made a move which, it is important to note, hasn’t been provoked by anything, to worsen Russian-US relations. (It includes) unlawful restrictions, attempts to influence other states of the world, including our allies, who are interested in developing and keeping relations with Russia.
We’ve been waiting for quite a long time that maybe something would change for the better, we had hopes that the situation would change. But it looks like, it’s not going to change
- Although both Vladimir Putin and Russian Foreign Minister Sergey Lavrov stated that US cooperation in Syria will continue,
- Detente is official over, at least for now.
- The Syrian port city of Tartus saw a seven-vessel-strong parade for Russia’s annual Navy Day, which is celebrated on the final Sunday of July each year.
- Tartus, on Syria’s Mediterranean coast, hosted the event, to go alongside similar processions in the likes of St. Petersburg.
- The U.S. military is still training Syrian rebels at their base in Jordan, the spokesman for the Al-Umari Brigade said on Saturday, as quoted by the Smart News Agency.
- the U.S. has made it clear they are not committed to training or aiding rebel groups in their fight against the Syrian government and their allies in southern Syria.