Euro zone has been revised and the economy is not doing as well as it has been reported. American CEO’s have never been more optimistic. Credit Suisse laying off 6500 employees. The US consumer spends $1 in every $3 dollars in the world. The Euro may already be lost. Trump has made many remarks about the FED but will he do anything. TPP has been rewritten and it is worse than ever. Obamacare repeal should be on Trump’s desk with a couple of weeks. Moby make a prediction that Trump will go to war with Iran. General Flynn resigned for violating the Logan act. The soft coup is in progress to take control of the country. Paul Craig Roberts says the soft coup is under way and the elite are chipping away at Trump. US Intel agencies are not giving information to Trump, they fear the Russians might be listening. US places sanctions on the Vice President of Venezuela. North Korea Kim, Jung Un half brother is assassinated. US moving assets into South Korea. Russian spy ship spotted off the coast of the US. Trump expects Russia to return Crimea. Russia send additional military police to Syria. The US admits using depleted Uranium in Syria.
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Current News – 02.14.2017
- The euro zone economy grew less than initially estimated in the last quarter of last year as industrial output recorded the worst fall in over four years in December.
- This is according to the latest estimates from the European Union’s statistics office Eurostat.
- Eurostat said the gross domestic product (GDP) of the 19 countries sharing the euro bloc grew 0.4% on the quarter in the last three months of 2016.
- This was a downward revision on its earlier estimate, released on January 31, of a 0.5% rise.
- It also revised down its estimate of GDP growth year-on-year to 1.7% in the fourth quarter from 1.8%.
- The revision was partly due to a large fall in industry output in December, which was 1.6% lower than in November, the steepest fall since September 2012 when it decreased by 1.9%.
- It’s not just US consumer optimism that recently hit all time highs (even if, as UMichigan explained last week, it was largely split according to party lines). According to a recent analysis by Bank of America, in the current earnings season which is gradually coming to a close, despite tepid guidance, “one read on corporate optimism is at a record high.”
- As BofA’s Savita Subramanian writes, “guidance during 4Q earnings season is typically less positive than in other quarters as management sets a low bar for the year. While the ratio of above- vs. below consensus guidance has remained weak so far this month at 0.55, it is up from 0.44 in January and slightly above the post-2000 average of 0.48 for both months.”
- While the economist likes to think that the system is supply side constrained, this is only because they don’t look at the real world and have worked up some spurious theories from micro-economics.
- The system is now in trouble as the US consumer, the engine of the global economy, hasn’t had a real increase in wages since the 1970s and is now maxed out on debt. The housing boom has turned to bust and even the sub-prime auto loan market is nearly saturated.
- We can’t maintain the old order because it has stopped working.
- The system before that, which also stopped working.
- After the Second World War the US was the global creditor nation and Europe was ruined. The US surplus was recycled to Europe to build up Europe and allow trade to continue. Europe was ruined, but if the money they spent on US goods was recycled back to Europe the system could work.
- Since Bretton-Woods a global recycling system has been in place to keep the whole thing running and to stop it polarising. The US is the hub of the global recycling system.
- The whole thing is now kaput.
- The Euro May Already Be Lost
- The 1st of January 2017 marked the 18th anniversary of the European common currency, the euro. Despite its success from 1999 to 2007, after 2008 the euro has become a burden for many of its members. For example, living standards in Italy and Greece are below the levels when they joined the euro. Finland is the only Nordic country using the euro and it is also the only Nordic country which has not yet recovered from the financial crash of 2008.
- Problems of the euro are structural and persistentThe problem of the euro can be visualized in the development of the GDP per capita.
- Germany has been successful in the Eurozone, while Greece and Italy have not. France is not doing well either.
- The Eurozone is in a stalemate. A federal union would be needed to fix its problems, but there is no public support for it. Returning to national fiscal responsibility would lead to defaults and exits. Half-way solutions will prove insufficient but expensive and obfuscate the issues. Therefore, there may be no way to avert the partial or complete break-up of the Eurozone in the years to come. The fate of the euro may already have been sealed.
- President Trump’s stinging remarks about the Federal Reserve and its current chair. Take a look…
- “Janet Yellen is highly political”
- November 3, 2015
- “When her time is up, I would most likely replace her”
- May 5, 2016
- The Fed has created a “very false economy”
- September 5, 2016
- “She’s doing what Obama wants her to do”
- September 12, 2016
- Yellen should be “ashamed of herself”
- September 12, 2016
- Of course, President Trump isn’t the only Republican who has criticised the Fed. Long-time critic Kentucky senator Rand Paul has been calling for an audit of the Federal Reserve for many, many years. Meanwhile, Texas senator Ted Cruz has blamed the central bank for causing the Great Recession.
- On January 23rd, many Americans rejoiced as Donald Trump formally withdrew the United States from the TPP.
- The only problem is, the TPP is about to get replaced with something even worse.
- Quietly in the background, discussed in meetings even more secretive than those under which the TPP was negotiated, some 50 countries have been formulating the Trade in Services Agreement known as TiSA.
- Negotiations for TiSA have been going on since April 2013 and have primarily been led by the US, the EU, and Australia.
- So far these nations have gone through at least 21 rounds of negotiations on this agreement.
- Countries involved include (but obviously aren’t limited to) Australia, Canada, Chile, Chinese Taipei, Colombia, Costa Rica, the European Union, Hong Kong, Iceland, Israel, Japan, Liechtenstein, Mexico, New Zealand, Norway, Panama, Peru, South Korea, Switzerland, Turkey, US, Pakistan and Mauritius.
- So, why is TiSA so bad? What would TiSA do?
The Trade In Services Agreement (TISA) … if passed would prohibit regulations on the financial industry, eliminate laws to safeguard online or digital privacy, render illegal any “buy local” rules at any level of government, effectively dismantle any public advantages to be derived from state-owned enterprises and eliminate net neutrality.
Earlier draft versions of TISA’s language would prohibit any restrictions on the size, expansion or entry of financial companies and a ban on new regulations, including a specific ban on any law that separates commercial and investment banking, such as the equivalent of the U.S. Glass-Steagall Act. It would also ban any restrictions on the transfer of any data collected, including across borders; place social security systems at risk of privatization or elimination; and put an end to Internet privacy and net neutrality.
- As Counterpunch put it, the implementation of TiSA will be the equivalent of letting megabanks decide what is good for us, as “not even the TPP contemplated the entire elimination of regulations of any kind against the financial industry.”
- Counterpunch also notes that, “Hypocritically, TISA would prohibit developing countries from adopting measures that countries like the United States used to facilitate its industrial development when it was an emerging country in the 19th century.”
- Interestingly, China has been kept out of TiSA negotiations specifically at the behest of the United States:
- One thing is clear; TiSA has always been the backup plan in case the TPP and TIPP failed. In fact, TiSA was reportedly modeled directly off of the TPP.
- Some things that We The People cannot do, but that our government can and does. Some call this tyranny.
- Spend more than we earn.
- Debase the currency.
- Seize private property without due process, or just compensation.
- Bear full-function arms for defense of life, liberty, and property.
- Support foreign governments and rebellions we approve of with arms and money.
- Murder innocent civilians.
- Trade on insider information.
“This separation of government from people, this widening of the gap, took place so gradually and so insensibly, each step disguised (perhaps not even intentionally) as a temporary emergency measure or associated with true patriotic allegiance or with real social purposes. And all the crises and reforms (real reforms, too) so occupied the people that they did not see the slow motion underneath, of the whole process of government growing remoter and remoter.
An excerpt from: They Thought They Were Free, The Germans, 1933-45, Milton Mayer
- “As a life-long progressive i’m supposed to be diplomatic and understanding, but America, what the fuck is wrong with you?” he wrote in the open letter shared with Billboard. “But then I ask myself, very sadly, why am I surprised?”Moby continued: “This is the America who has now elected a dim-witted, racist, misogynist. A dim-witted, racist, misogynist who has ruined businesses and has no policy proposals other than ‘build a wall.’ I guess there will be some cold, bitter schadenfreude in spending the next 4 years watching middle america wake up to the fact that donald trump is an incompetent con-man.“The rust belt jobs won’t come back. the wall won’t get built. and Hillary won’t get locked up. Donald Trump will be impeached, or end his presidency with single digit approval ratings; and hopefully, somehow, america will finally wake up the fact that republicans are, simply, terrible.”
And today as Moby explains (seemingly incapable of using Capital letters)… (bolding added)after spending the weekend talking to friends who work in dc i can safely(well, ‘accurately’…) post the following things:
- 1-the russian dossier on trump is real. 100% real. he’s being blackmailed by the russian government, not just for being peed on by russian hookers, but for much more nefarious things.
No Proof, Dossier was debunkedDead Giveaway The 35 Page Dossier Was A Hoax? The British Don’t Use “Classified,” They use “Official” – 01.11.17
Confirmed: “Unknown” Republican, Democrat Paid For Anti-Trump Report – 01.13.17
McCain Admits He Gave Dossier Containing “Sensitive Information” On Trump To The FBI – 01.11.17
How 4Chan McFooled John McCain, Buzzfeed, and the CIA Into Believing Trump’s Golden Showers2-the trump administration is in collusion with the russian government, and has been since day one.
No Proof given
Server tied to Russia, debunked, FBI report that it found no links between Trump, his inner circle, his campaign, and Russia, server had malware and was spamming
3-the trump administration needs a war, most likely with iran. at present they are putting u.s warships off the coast of iran in the hope that iran will attack one of the ships and give the u.s a pretense for invasion.
Top Iranian military official warns Kerry against attacking Iran’s nuclear facilities 1/14
White House suggests Iran sanctions bill could draw U.S. into war 1/14
White House Draws Red Line on Iranian Ballistic Missile Program 2/14
US Treasury imposes new ballistic missile sanctions on Iran – 01.17.16
Iran Seizes 2 US Navy Boats, Crewmen For “Illegally Entering Iranian Waters” – 01.12.16
Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales – 02.07.16
Iran Just Officially Ditched The Dollar – 02.02.17
4-there are right wing plans to get rid of trump. he’s a drain on their fundraising and their approval ratings, and the gop and koch brothers and other u.s right wing groups are planning to get rid of trump. the left and right do not want Trump, he is a threat to their system
5-intelligence agencies around the world, and here in the u.s, are horrified by the incompetence of the trump administration, and are working to present information that will lead to high level firings and, ultimately, impeachment.
i’m writing these things so that when/if these things happen there will be a public record beforehand.
these are truly baffling and horrifying times, as we have an incompetent president who is essentially owned by a foreign power.
“Baffling” indeed Mr. Moby (or is it just Moby?)
As you can imagine, Facebook ‘friends’ who followed Mody were a little quizzicial of his evidence…
Carlos Godinez – “Your friends who work in D.C.” Let me guess, Starbucks?
Soren Le Goff – Moby your so ignorant it hurts, stop posting propaganda.
Frankie Lenaghan – You have lost the plot mate.
Eddy G. Munoz – Moby, please get back to the lab and get to work. You are losing your mind. Now you are having delusions of being privy to information that would be considers confidential.
Brady Spenrath – I know you mean well, and I agree with your intent, but just posting unverified rumors with no sources or evidence to back that up is as harmful as the White House staff making stuff up. What happened to “When they go low, we go high”?
The question we have for Mark Zuckerberg – is this ‘fake news’? Should this kind of information be shared on your social network? What if a so-called self-identified, non-progressive celebrity allegedly claimed to have alleged proof that Nancy Pelosi was in fact the alleged Russian hooker pissing all over Trump in an alleged Moscow hotel? (Could be? We have alleged friends in D.C. who said it’s possible).
- The question we have for Mark Zuckerberg – is this ‘fake news’?
- Judicial Watch has obtained 216 pages of documents containing official emails of former Department of Homeland Security Secretary Jeh Johnson and three other DHS officials sent through private, unsecured, email accounts,
- The documents include sensitive emails talking about high-level meetings Johnson had planned with the Kuwaiti ambassador and officials from the Saudi Arabian Interior Ministry, as well as a West African $4.5 million online consumer fraud scam.
- Among the information revealed in the emails released was Johnson gave a “Progress Report” speech in which he cited the DHS’s “strides in cybersecurity.”
- Judicial Watch had previously uncovered documents showing Johnson and other agency officials used government computers to access personal web-based email accounts despite a ban on doing so due to heightened security concerns
- “It is ironic and disconcerting that Secretary Johnson and his aides touted Homeland Security’s great ‘strides in cybersecurity’ while using unsecured, private, web-based email accounts that the Department had officially prohibited,”
- The White House announced Flynn’s resignation Monday night, the culmination of weeks of controversy surrounding alleged communications with Russia. Flynn had initially denied speaking with Russia’s U.S. ambassador during the transition about sanctions levied by President Obama, but admitted this week that he may have done so and “inadvertently” told Vice President Mike Pence and others otherwise.
- Finally, earlier on Tuesday, Wikileaks blamed a “destabilization campaign” by the media and Democrats for national security adviser Michael Flynn’s resignation.
- Any citizen of the United States, wherever he may be, who, without authority of the United States, directly or indirectly commences or carries on any correspondence or intercourse with any foreign government or any officer or agent thereof, with intent to influence the measures or conduct of any foreign government or of any officer or agent thereof, in relation to any disputes or controversies with the United States, or to defeat the measures of the United States, shall be fined under this title or imprisoned not more than three years, or both.
- It’s the middle of February and the soft coup against the Trump administration continues.
- A “soft coup” is a coordinated effort to delegitimize or undermine a lawfully elected official.
- Soft coups include actions of senior government officials refusing to carry out their roles in critical tasks, or otherwise acting in opposition to the letter or spirit of the law to diminish or remove de facto power from those who would otherwise legally wield it.
- Have you seen news reports corrected or follow-on reporting disclaiming earlier reports?
- What about claims of files, dossiers and secret meetings? Have they eventually been discredited or exposed as false?
- Have you detected a new and sudden fervor in aggressive interviewing styles from talking heads who otherwise were cheerfully complacent,
- Do you see certain words and expressions repeated in reporting? How many times have you seen the words “chaos” or “chaotic” used by different reporters in any number of news stories.
- Paul Craig Roberts warned Less than a month ago that a ‘color revolution ‘ was taking place in the USA. My first element of proof was the so-called “investigation” which the CIA, FBI, NSA and others were conducting against President Trump’s candidate to become National Security Advisor, General Flynn. Tonight, the plot to get rid of Flynn has finally succeeded and General Flynn had to offer his resignation. Trump accepted it.
- Flynn dared the unthinkable: he dared to declare that the bloated US intelligence community had to be reformed. Flynn also tried to subordinate the CIA and the Joint Chiefs to the President via the National Security Council. Put differently, Flynn tried to wrestle the ultimate power and authority from the CIA and the Pentagon and subordinate them back to the White House. Flynn understood that Russia was no threat to the USA or to Europe and that Russia had the West had common interests.
- For one thing, the Washington ‘swamp’ will not be drained. If anything, the swamp has triumphed.
- Putin, Lavrov and the others surely understand exactly what happened.
- I see very dark clouds on the horizon.
- Nancy Pelosi joined in the chorus of angry liberals calling for further investigations into Trump’s ties to the Kremlin. The House Minority Leader expressed her faux outrage via a statement posted to twitter calling for, among other things, “a bipartisan, independent, outside commission to fully investigate Russia’s influence on the Administration and the election.”
- intelligence operatives are withholding sensitive information from the White House for the first time in history because they believe that Russia will find out anything they tell Pres. Donald Trump and his aides.
- the intelligence community (IC) is “pushing back” against an administration it believes is incompetent, dishonest, leaky and “penetrated by the Kremlin.”
- French presidential candidate Emmanuel Macron who is currently in second place in the polls with a 22% approval rating, behind Le Pen at 27%, said on Monday he was the target of Russian media “fake news” and his campaign is facing thousands of cyber attacks
- Richard Ferrand, secretary-general of Macron’s En Marche! (Onwards!) party, said that Russian state-controlled media Russia Today and Sputnik had spread false reports with the aim of swinging public opinion against Macron.
- Venezuela’s vice-president Tareck El Aissami faces sanctions by US authorities as a “specially designated national.” El Aissami would be the highest-ranking Venezuelan official hit by U.S. sanctions, and we are sure will warrant a furious response from President Maduro who has already accused US of ‘economic war’ numerous times…
- The sanctions mark an extraordinary step against the second-in-command of a foreign government and are sure to lead to a further deterioration in U.S. relations
- Just two days after North Korea embarrassed both the US and Japan by test-firing a new, nuclear-capable ICBM with a 2000 mile range, Yonhap news agency reported that the elder half-brother of North Korean leader Kim Jong Un has been assassinated at Kuala Lumpur airport.
Kim Jong Nam
- Kim Jong Nam, 45, who had lived outside North Korea for years, was reported to have been killed by poison needle by two women who fled the scene by taxi, the reports said.
- Kim had been planning to travel to Macau on Monday when he fell ill at the low-cost terminal of Kuala Lumpur International Airport (KLIA). “The deceased … felt like someone grabbed or held his face from behind, “He felt dizzy, so he asked for help at the … counter
- Kim Jong Nam said several times over the years that he had no interest in leading his country. “Personally, I am against third-generation succession,” he told Japan’s Asahi TV in 2010. “I hope my younger brother will do his best for the sake of North Koreans’ prosperous lives.”
- Washington has called for a collective action in response to North Korea’s latest ballistic missile test.
- “All efforts to advance North Korea’s nuclear weapons and ballistic missile capabilities must cease,” said Robert Wood, US Ambassador to the Conference on Disarmament.
- “If ever there were a situation that called for international collective action to ensure our mutual security, it is this,” Wood said as cited by Reuters.
- Washington and Seoul have agreed to deploy US strategic assets to South Korea to partake in the Key Resolve and Foal Eagle military exercises, the South Korean Yonhap news agency reported citing the report of the ministry.
- The news outlet added that the United States could send to South Korea F-22 stealth aircraft and a nuclear-powered aircraft carrier for participation in the drills.
- “President Trump has made it very clear that he expects the Russian government to de-escalate violence in the Ukraine and return Crimea,” Spicer said at the daily news briefing on Tuesday. “At the same time, he fully expects to – and wants to – get along with Russia.”
- two US officials told Fox News that a Russian spy ship has been spotted patrolling off the East Coast of the United States on Tuesday morning, the first such patrol since President Trump took office. According to Fox News, the Russian spy ship was 70 miles off the coast of Delaware, heading north at 10 knots, according to one official. That location means the ship is in international waters.
- The ship is capable of intercepting communications or signals, as well as measuring U.S. Navy sonar capability. The Russian spy ship is also armed with surface-to-air missiles.
- “It’s not a huge concern, but we are keeping our eyes on it,” one official said.
- Moscow has deployed another military police battalion to Syria.
- The battalion was sent from the Russian republic of Ingushetia in order to boost security of military personnel during operations
- it is the second battalion of the Russian Military Police deployed to Syria.
- More than 5,000 rounds of depleted uranium (DU) ammunition were used in two attacks on Islamic State oil tankers in eastern Syria, the US military has confirmed. The US-led coalition previously pledged it would not use the controversial ordnance.
- A spokesman for the US Central Command (CENTCOM) told Foreign Policy that 5,265 armor-piercing DU rounds were used in November 2015, during two air raids against Islamic State (IS, formerly ISIS/ISIL) oil tanker convoys in the Deir ez-Zor and Hasakah provinces in eastern Syria.
- Depleted uranium is prized by the US military for exceptional toughness, which enables it to pierce heavy tank armor. However, airborne DU particles can contaminate nearby ground and water and pose a significant risk of toxicity, birth defects and cancer when inhaled or ingested by humans or animals.
- The coalition’s promise not to use DU munitions in Iraq was made after an estimated one million rounds were used during the 1991 Gulf War and the 2003 invasion. Between Iraq and the Balkans, where they were also used in the 1990s, DU rounds have been blamed on a massive increase in cancer and birth defects.