Bank loans decline rapidly in the US. The creditors in the US have decided to adjust credit scores which allow bad credit individuals to get loans. Inflation is on the rise, as the central bank continually creates currency out of thin air inflation has started to rise. Japan, EUand the Fed are now preparing to ease up on QE. Central banks are working together to bring down the global economy. China’s credit growth is unsustainable and the credit impulse has dropped below zero, which is a sure sign that thing are going to end badly. CIA spy headquarters are located in Germany to intercept Russian communications and repackage them. McCain wants Trump to produce evidence of Obama wire tapping his office. Pence is now in position to take over if and when Trump is forced out. Pence will work with the deep state. British foreign secretary says Russia not involved in UK elections. The deep state has played the American people in believing NK wants war. New report shows NK wants peace. US and SK prepare armed drones to attack NK. Delta force trains to remove Kim Jong-un. Assad says that the US and the coalition forces have been supporting the IS all along. The elite are preparing the escape from big cities.
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Current News – 03.13.2017
- Commercial and Industrial Loan segment is now giving off an”ominous economic signal“
- U.S. commercial banks are currently rising at an annual pace of about 4.6%, based on weekly Fed data. That is down from a 6.4% pace for all of last year and peak rates of around 8% in mid-2016. This is the slowest pace of debt creation since the spring of 2014.
- But the slowdown has been especially acute in the all important for growth Commercial and Industrial loan category, which after growing at a pace of 10% in the first half of 2016, has suddenly and unexpectedly tumbled to just 4.0% as of the latest week, nearly 50% lower than the 7% growth notched at the start of the year. This was the lowest pace of loan growth since July of 2011.
- There has been no definitive explanation for this sudden phenomenon
- At this pace, C&I loan growth may turn negative Y/Y within a few months, and since historically US economic growth has been a function of easy bank credit, should the recent drop not be arrested, it is likely that the Fed will have no choice but to reverse its tightening course in the very near future.
- Stated simply, the definition of the all important FICO score, the most important number at the base of every mortgage application, was set for an “adjustment” which would push it higher for millions of Americans.
- the changes are expected to boost consumer lending, especially among borrowers shut out of the market or charged high interest rates because of their low scores. “It expands banks’ ability to make loans for people who might not have qualified and to offer a lower price
- The development could help boost credit scores for millions of consumers, but could pose risks for lenders“
- The transformation is already in proces as the three major credit-reporting firms, Equifax, Experian and TransUnion, recently decided to remove tax-lien and civil-judgment data starting around July 1, according to the Consumer Data Industry Association, a trade group that represents them. The firms will remove the adverse data if they don’t include a complete list of a person’s name, address, as well as a social security number or date of birth, and since most liens and judgments don’t include all three or four, the effect will be like wiping the slate clean for millons of Americans.
- The outcome of this change is clear: it “will make many people who have these types of credit-report blemishes look more creditworthy.“
Consumers with liens or judgments are twice as likely to default on loan payments, according to LexisNexis Risk Solutions, a unit of RELX Group that supplies public-record information to the big three credit bureaus and lenders.
- Roughly 12 million U.S. consumers, or about 6% of the total U.S. population that has FICO credit scores, will see increases in those scores as a result of this change, according to the company that created the FICO system,
- towards the end of 2015 most of the world’s major governments apparently got spooked by deflation and decided to ramp up their borrowing and money creation. China, for instance, generated the following stats in 2016:
- New loans totaling 12.65 trillion yuan, or $1.8 trillion.
- M2 money supply growth of 11%.
- Debt-to-GDP ratio jump from 254% to 277%.
- In Europe, the European Central Bank ramped up its bond buying program, pumping about a trillion newly-created euros into the Continental economy:
- And the US increased its federal government debt by over $1 trillion, presumably spending the proceeds on things that raise wages or increase the demand for commodities.
- Since there’s no way for the growth of global production to match this blistering pace of new money creation, the result is higher prices for just about everything.
- What comes after a debt-driven spike in inflation? History is pretty clear on this one: instability, as rising interest rates spook the fixed income markets and rising business costs spook stock speculators.
- February the US Treasury brought in total receipts of $172 billion, versus outlays of $364 billion, resulting in a decicit of $192 billion, more than tha $190 billion expected (if in line with last year’s $192.6 billion deficit). For the fiscal year through Feb. 28, the total US budget deficit was $349 billion, virtually identical to the $351 billion deficit over the same period in 2016 and set to keep rising this year and for the foreseeable future.
- On a 12 month run-rate, the US deficit stood at 3.1% of GDP. A year earlier, that figure was a third less, or 2.2%.
- However, something more concerning emerges when looking at the annual change in the rolling 12 month total. It is here that we find that, like last month, in the LTM period ended Feb 28, total federal revenues, tracked as government receipts on the Treasury’s statement, were $3.275 trillion. This amount was 1.1% lower than the $3.31 trillion reported one year ago, and is the third consecutive month of annual receipt declines. This was the biggest drop since the summer of 2008. At the same time, government spending rose 3.8%.
- Why is this important? every time since at least 1970 when government receipts have turned negative on an annual basis, the US was on the cusp of, or already in, a recession. Indicatively, the last time government receipts turned negative was in July of 2008.
- With the Fed expected to further tighten financial conditions following its now guaranteed March 15 rate hike, and the ECB recently announcing the tapering of its QE program from €80 to €60 billion monthly having run into a substantial scarcity of eligible collateral, the third big central bank – the BOJ – appears to have also quietly commenced its own monteary tightening because, as Bloomberg calculates looking at the BOJ’s latest bond-purchase plan, the central bank is on track to miss an annual target, by a substantial margin, prompting investor concerns that the BOJ has commenced its own “stealth tapering.”
Japanese banks are shedding government bonds at an accelerating pace, slashing their total holdings at the end of January to a 14-year low.
- Chinese credit relative to GDP has doubled in the past decade to 300%. Which remains less than the US at 350%, but the rate of Chinese credit growth is as unsustainable as it is difficult to reverse — without tanking the economy. The tycoons are running from this dynamic. Because such loops almost always end badly.
- China lowered its growth target again. As the World Bank warned that today’s strong global upswing in confidence and financial markets are not enough to pull the world out of a “low-growth trap.” If they’re right, we’re surely headed for depression. Because all this new debt requires robust economic strength to shoulder the weight.
- The “Vault 7” Wikileaks dump of more than 8,000 CIA files confirmed that the American consulate in Frankfurt, Germany is a “base for covert and overt CIA operatives. It also provided a window into how American spies operate in Europe and – most importantly — why Frankfurt has been so valuable for a specialized form of computer espionage.“
- Here’s where things get interesting.
- CIA implants in the U.S. media were peddling a story about “odd” links between Russia’s Alfa Bank and the Trump Organization. The allegation is that unusually high internet traffic was recorded between the two institutions.
- But according to Alfa Bank, the “odd” internet traffic isn’t even real, and came from “mainland Europe”:
“We believe that DNS traffic in mainland Europe was deliberately captured – in a manner that is unethical and possibly illegal — in order to manufacture the deceit,” it said.
- Let’s return to Frankfurt.
- According to Nathan Wenzler, chief security strategist at San Francisco-based security consultancy AsTech Consulting, Frankfurt is the perfect location for a CIA hacking center because
“Frankfurt would allow for a more ‘social engineering’ style of hacking, where the agent would need to gain physical access to a system by convincing the people around it to allow the agent to use it. Since that would require moving people around to get to those destinations, having a central location like Frankfurt to use as a hub for your operations just makes logistics more simple and reduces the time needed to execute,” Wenzler added.
- So, for example, if you needed to intercept internet traffic from Russia, and manipulate it before it’s sent across the Atlantic — Germany would be prime real estate.
- Sen. John McCain said President Trump either has to retract his claim that Obama wiretapped the Trump Tower, or provide evidence of the allegations.
- “President Trump has to provide the American people, not just the intelligence community, but the American people, with evidence that his predecessor, former president of the Unites States was guilty of breaking the law,”
- First Minister Nicola Sturgeon has announced plans for a second Scottish independence referendum in a key speech in Edinburgh on Monday. It comes as Prime Minister Theresa May prepares to formally launch Brexit negotiations.
- Sturgeon told a press conference in Bute House, Edinburgh, she will stand up for Scotland’s interest and make sure the Scottish people have a choice at the end of Brexit negotiations.
- Echoing the numerous initial comments from various US intelligence probes, UK Foreign Secretary c told British ITV that “we have no evidence the Russians are actually involved in trying to undermine our democratic processes…”
- American lawyers, members of the National Lawyers Guild visited NK and they compiled a report titled “The Grand Deception Revealed.” That title was chosen because we discovered that the negative western propaganda myth about North Korea is a grand deception designed to blind the peoples of the world to the accomplishments of the Korean people in the north who have successfully created their own circumstances, their own independent socio-economic system, based on socialist principles, free of the domination of the western powers.
- the DPRK want peace more than anything else so they can get on with their lives and endeavours without the constant threat of nuclear annihilation by the United States. But annihilation is what they in fact face and whose fault is that? Not theirs.
- We were shown American documents captured in the Korean War that are compelling evidence that the US planned an attack on North Korea in 1950. The attack was carried out using American and south Korean forces with the assistance of Japanese Army officers who had invaded and occupied Korea decades before. The North Korean defence and counter-attack was then claimed by the US to be “aggression” which the United States manipulated in the media to get the UN to support a “police operation,” the euphemism they chose to use to carry on what was in fact their war of aggression against North Korea. Three years of war and 3.5 million Korean deaths followed and the US has threatened them with imminent war and annihilation ever since.
- The US military will permanently deploy armed Gray Eagle drones at Kunsan air base outside Seoul, South Korea, which could hit North Korean military targets and destroy its command-and-control infrastructure.
- The deployment of drones, which will be assigned to the 2nd Combat Aviation Brigade of the 2nd Infantry Division, is part of a broader plan to reinforce each Army division with one Gray Eagle company,
- On March 1, the WSJ reported that the options contemplated by the White House in response to recent North Korean acts, include “the possibility of both military force and regime change to counter the country’s nuclear-weapons threat.” The review came es amid recent events have strained regional stability including last month’s launch by North Korea of a ballistic missile into the Sea of Japan, and the assassination of the estranged half brother of North Korean leader Kim Jong Un in Malaysia.
- The U.S. Navy SEAL Team Six will join the annual Foal Eagle and Key Resolve exercises between the two allies for the first time, along with the Army’s Rangers, Delta Force and Green Berets.
- “A bigger number of and more diverse U.S. special operation forces will take part in this year’s Foal Eagle and Key Resolve exercises to practice missions to infiltrate into the North, remove the North’s war command and demolition of its key military facilities,” t
- Amid a row with Turkey over its presidential powers referendum, some German MPs are calling for the withdrawal of troops deployed at Incirlik airbase. Germany is flying reconnaissance sorties from the Turkish base as part of the US-led anti-Islamic State coalition.
- “Amid this heated atmosphere, it has become increasingly uncertain that the Turkish government can and will guarantee the protection of our soldiers in Incirlik,”
- The US-led coalition fighting to retake Mosul says it takes every precaution to assure civilians are not harmed in its airstrikes on Islamic State militants, but those who have lost family members in coalition attacks doubt the veracity of that claim.
- “Daesh [Islamic State, IS, formerly ISIS/ISIL] go on the rooftops of the houses and the families don’t know, then the aircraft come and bomb it,” Mosul resident
- Ibrahim said the coalition is not as precise and careful in targeting its airstrikes as it claims to be in media conferences.
- “We are asking for bombing specific targets. There are still families inside the houses and the aircraft keep bombing. We are asking the coalition planes to be specific when they bomb. They were bombing randomly,” he said.
- According to Assad, “Israel [is] supporting directly the terrorists — whether logistically, or through direct raids on our army”
- Syrian President Bashar Assad just made his position on Israel crystal clear: Iran is fighting ISIS, while Israel is “directly” supporting terrorists.
China is a member of the Security Council, and it’s committed to the Charter of the United Nations. In that veto, China has defended that Charter, because the United Nations was created in order to restore stability around the world.
Actually, the western countries — the permanent members of the Security Council — they are trying to use the United Nations and the Security Council as a tool in order to change regimes or governments. [They use the U.N.] to implement their own agenda, not to restore stability. Actually, they create more instability around the world.
China restored stability around the world, by creating political balance in the United Nations, of course in cooperation with Russia, which is very important for the whole world. This is good for Syria, and good for the rest of the world.
- Assad added that “if [the West] had the chance, they would try to change every government in the world.”
- There is an inherent dilemma for most of the people living in cities.
- The biggest of American cities, and one of the most gridlocked, is New York City, with Manhattan and Long Island both isolated islands – trapped during emergencies from the rest of the world.
- That’s why those with means, and forethought, are now chartering emergency charters to get out of the city – probably a good idea, especially if the helicopter is out of your price range.
- via NY Post:
“A lot of people don’t want to wait on a line to get on a ferry, and they don’t want to worry about walking off of Manhattan, as people had to do in the past,” [Chris Dowhie, co-owner of Plan B Marine] told The Post.“They know a boat is the fastest way, and we take the worry out of maintaining and preparing and always readying your vessel,” he added.
Not only does the company promise a speedy getaway, it plans individual evacuation routes for each person, depending on their personal needs.
The unique evacuation service costs an annual fee of $90,000 and is catered toward wealthy individuals and corporations who don’t have time to mastermind their own escape. ways ask yourself: ‘Do they know something that I don’t know?‘