The retail apocalypse continues, Macy’s, Kohls and many other stores are seeing traffic dry up and sales decline. More retailers are reporting bankruptcies and many more are scheduled for later this year. This is not just a retail apocalypse this is an economic apocalypse, as the entire system breaks down. More families are now taking the Obamacare penalty instead of paying for insurance. Mueller has many different connections with corporations and specialty groups. Watchdog group is filing charges against the DNC for breaking federal election laws. USA today reports that everyone will be micro-chipped. Trump thanks Putin for letting diplomats go because it is saving the government money. North Korea and the US are threatening each other with war. NK reveals plan to attack in August and the US reveals plans to have regime change. South Korea is calling for calm, Russia is calling form calm and China will not allow regime change. The deep state always uses the month of August to push their agenda. The moderate rebels are losing ground in Syria and the borders surrounding Syria and being taken back by Syria and Russia and the countries surrounding Syria begin controlling their own borders
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Current News -08.11.2017
- Sales at stores open more than 12 months fell 2.5 percent at Macy’s and 0.4 percent at Kohl’s. Analysts polled by research firm Consensus Metrix had estimated a 3 percent drop at Macy’s and 1.5 percent at Kohl’s.
- Department store operators have been struggling with declining mall traffic
- experts have been warning of the long-term economic threat from a retail “apocalypse” or “armageddon.”
- bad news in the retail sector continue to pile up with the latest Fitch report that the default rate for distressed retailers spiked again in July.
- According to the rating agency, the trailing 12-month high-yield default rate among U.S. retailers rose to 2.9% in mid-July from 1.8% at the end of June, after J. Crew completed a $566 million distressed-debt exchange.
- And if recent trends are an indication, the latter will only get worse as Fitch expects Claire’s, Sears Holdings and Nine West all to default by the end of the year, pushing the default rate to 9%. “
- Putting the retail sector woes in context, Reorg First Day has calculated that retail bankruptcies soared 110% in the first half from the year-earlier period, accounting for $6 billion in debt.
- The list includes name brands such as Gymboree, Payless, rue 21 and the Limited, all of which cited the Amazon affect as a contributor to their downfall.
- UBS strategist Matthew Mish says there is one thing that is certain about the next credit unwind, it will be unlike anything we’ve seen before.
- To summarize, Mish notes that unlike previous credit expansion cycles, this current one has been dominated not by traditional banks but rather by non-bank lending entities and government backed loans, especially in riskier subprime residential, auto and student loans. Moreover, unlike traditional lenders, Government debt tends to be much slower to react to things like rising delinquency rates…
- In summary, the next collapse in credit may come a little slower, since governments are far better than traditional lenders at burying their heads in the sand, but you shouldn’t be too quick to buy into Yellen’s delusions that “there will never be another crisis in our lifetime.”
– Four heavily promoted open enrollments have taken place run by the Obama administration and the state exchanges.
– Federal law has required people to purchase insurance or pay a fine — and the individual mandate was administered through 2016 by the Obama administration. In fact, in 2015, 7.5 million people paid the fine, while 6.5 million paid the fine in 2016, according to the IRS.
– The number of insurance companies participating is on track to shrink by 38 percent in 2018.
- However, the off-exchange market fell from 7,520,939 to 5,361,451, a reduction of 2,159,488 or 29 percent. In other words, enrollment is steady among those who receive subsidies but declining dramatically among those who do not.
- Meanwhile, of course, that 29% drop exactly why insurance companies are expected to hike their rates by 20-40% in certain markets again in 2018…
- ...and why rates have soared an average of 113% over the past 4 years, or nearly 30% per year
- In summary, higher rates results in more people dropping out which results in higher rates…see the ponzi-ish circularity yet?
- A watchdog group will file a complaint with the Federal Election Commission on Wednesday alleging that the Democratic National Committee (DNC) violated federal law by soliciting opposition research on the Trump campaign from a foreign government.The conservative group Foundation for Accountability & Civic Trust (FACT), launched in 2014 by former U.S. attorney Matthew Whitaker, will allege that political operative Alexandra Chalupa, in her capacity as a DNC consultant, improperly sought intelligence on President Trump’s former campaign chairman, Paul Manafort, from Ukrainian officials.
“Federal law and Commission regulations prohibit any person from knowingly soliciting, accepting or receiving contributions or donations of money or other things of value from a foreign national,” the complaint reads.
FACT alleges that Chalupa violated the ban by “knowingly soliciting” a “valuable in-kind contribution in the form of opposition research and information on a Trump campaign official from a foreign national on behalf of the Democratic National Committee.”
Chalupa “developed a network of sources in Kiev and Washington, including investigative journalists, government officials and private intelligence operatives,” according to Politico, and “occasionally shared her findings with officials from the DNC.”
Chalupa was a minorities outreach coordinator at the DNC. Officials say she was freelancing and not representing the DNC in her efforts to gather information on Manafort.
- On Tuesday, the Department of Justice released Special Counsel Robert Mueller’s swampy finances. The report reveals Mueller’s law firm boasted clients such as Facebook, whose CEO, Mark Zuckerberg, is no fan of the President. The feeling is mutual. Mueller was also paid handsomely for a speech by Mexican bank Banamex.
When special counsel Robert Mueller took his new job in May, he gave up a law firm partnership where he made almost $3.5 million since the beginning of 2016, according to a financial disclosure released by the Justice Department on Tuesday.
Mueller’s client list from his former firm, WilmerHale, reads like a who’s who of America’s most prominent businesses, including Facebook, Apple, Intel, Sony Pictures, Booz Allen Hamilton and the National Football League.
- Recently, Special Counsel Robert Mueller crossed the red line that President Trump warned about back in an interview with the New York Times. Since investigators can’t find any ‘Russian collusion’, Mueller has now expanded his probe into potential ‘financial crimes’ completely unrelated to Russia and the 2016 election.
- Everyone will be implanted with a microchip in the future, according to a report from USA Today.
- An associate professor of sociology at the University of Wisconsin-Milwaukee is arguingthat most humans will receive a microchip implant in the future. “It will happen to everybody,” says Noelle Chesley, an associate professor of sociology at the University of Wisconsin-Milwaukee. “But not this year, and not in 2018. Maybe not my generation, but certainly that of my kids.”
- Speaking to reporters from his summer golf retreat in New Jersey, President Donald Trump publicly thanked Russian leader Vladimir Putin for previously ordering the US to slash its embassy staff in Moscow and close two of its storage facilities there. Much to the chagrin of the adversarial media, Trump crowed, that Putin has helped him achieve a “smaller payroll.”
- Tens of Thousands of North Koreans rallied on Kim Il Sung Square in Pyongyang, after the UN Security Council passed a new round of sanctions and US President Donald Trump threatened the country with “fire and fury” over its missile tests.
- NK officially dismissed Trump’s promise that North Korean threats would be “met with fire, fury, and frankly power, the likes of which the world has never seen before.”
- Following North Korea’s threat on Wednesday to fire ballistic missiles over Japan toward Guam, it was only a matter of time before Japan – which overnight said it has the authority to shoot down any such projectile above its territory – took appropriate steps, and according to the Nikkei, the Japanese government is starting to deploy Patriot missile interceptors in its western regions ahead of a North Korean launch.
- North Korean media has announced that the leadership is finalising plans for hitting Guam with intermediate range missiles which are apparently to be launched in mid-August.
- Sputnik quotes General Kim Rak Gyom who said the following to North Korean media,
“The Hwasong-12 rockets to be launched by the KPA (Korean People’s Army) will cross the sky above Shimane, Hiroshima and Koichi Prefectures of Japan.
They will fly 3,356.7 km (2,085.8 miles) for 1,065 seconds and hit the waters 30 to 40 km away from Guam”.
- Several things are curious about this statement.
- First of all, by stating that the preparations for the attack to apparently take place in mid-August are being made now, North Korea seems to be validating the Russian statement that it takes a significant amount of time for North Korea to launch missiles that countries like Russia, China and the US can generally launch in a matter of seconds or at the very most, a matter of hours, depending on the kind of warhead payload attacked to the missile in question.
- Secondly, by telling the United States that it plans to launch an attack in the direction of Guam, the crucial element of surprise is totally lost.
- Trump took the verbal war of words with Kim Jong-Un into the fourth day when he tweeted that “military solutions are now fully in place,locked and loaded,should North Korea act unwisely. Hopefully Kim Jong Un will find another path!”
- “#USAF B-1B Lancer #bombers on Guam stand ready to fulfill USFK’s #FightTonight mission if called upon to do so“
- the Pentagon has unveiled a plan for a preemptive strike on North Korean missile sites with bombers stationed in Guam, once Donald Trump gives the order to strike.
- “Of all the military options … [President Donald Trump] could consider, this would be one of the two or three that would at least have the possibility of not escalating the situation,” retired
- nt consideration: according to one senior military officer, “the B-1 has also been selected because it has the added benefit of not being able to carry nuclear weapons. Military planners think that will signal China, Russia, and Pyongyang that the U.S. is not trying to escalate an already bad situation any further.“
- The information was released following this week’s threat by North Korea to launch a missile attack against Guam. The advice includes tips such as:
“Do not look at the flash or fireball – It can blind you” and
“Take cover behind anything that might offer protection.”
“Lie flat on the ground and cover your head. If the explosion is some distance away, it could take 30 seconds or more for the blast wave to hit,” the sheet states.
- The United States and North Korea should stop provoking one another and instead make an effort toward creating a new dialogue, a special adviser to the South Korean president
“If the U.S. and South Korea carry out strikes and try to overthrow the North Korean regime and change the political pattern of the Korean Peninsula, China will prevent them from doing so,” it said.
- At the same time, the Chinese regime made it clear that its preferred outcome would be a continuation of the status quo, warning Kim Jong Un that it would “remain neutral if North Korea were to strike first.”
- there is a joint Russian-Chinese plan to defuse the North Korean crisis, according to which North Korea would freeze its missile tests, while the US and South Korea would stop large scale exercises.
“Russia together with China developed a plan which proposes ‘double freezing’: Kim Jong-un should freeze nuclear tests and stop launching any types of ballistic missiles, while US and South Korea should freeze large-scale drills which are used as a pretext for the North’s tests.”
- In a July report, the US Defense Intelligence Agency concluded that North Korea really has reduced the size of its nuclear devices enough to deliver one on a missile.
- Can it hit Guam? That’s an open question – the small island is 3400 kilometres away, near the maximum range of the single-stage Hwasong 12 missile North Korea first tested last May, and says it plans to use this month. Weapons experts think it needs more tests before it can reliably deliver a nuclear device. The threat’s careful wording suggest North Korea understands that. “Enveloping fire in the areas around Guam” does not quite equal hitting the island, or necessarily a nuclear strike. More to the point, does North Korea want to nuke Guam? Experts are doubtful. “Nothing suggests Kim Jong-un is insane,” says James Acton of the Carnegie Endowment for International Peace, a think tank in Washington DC. His main motive is to preserve his own power. “Nuking US territory would invite massive retaliation,” he says, aimed at regime-change – the one thing Kim doesn’t want.So what is North Korea proposing? This week’s language allows for a conventional payload. A warning shot, in other words.Indeed, Lewis thinks the reason Kim wants nuclear missiles in the first place is not to strike first, but to deter a first strike by the US. “Nobody seriously believes that a pre-emptive military strike against North Korea might be successful,” says Pavel Podvig of the UN Institute for Disarmament Research in Geneva.
- Beware the dogs of war.
- The same intel “folks” who brought to you babies pulled from incubators by “evil” Iraqis as well as non-existent WMDs are now peddling the notion that North Korea has produced a miniaturized nuclear warhead able to fit its recently tested ICBM.
- That’s the core of an analysis completed in July by the Defense Intelligence Agency (DIA). Additionally, US intel believes that Pyongyang now has access to up to 60 nuclear weapons.
- On the ground US intel on North Korea is virtually non-existent – so these assessments amount to guesswork at best.
- But when we couple the guesswork with an annual 500-page white paper released earlier this week by the Japanese Defense Ministry, alarm bells do start ringing.
- The white paper stresses Pyongyang’s “significant headway” in the nuclear race and its “possible” (italics mine) ability to develop miniaturized nuclear warheads able to fit on the tips of its missiles.
- This “possible” ability is drowned in outright speculation. As the report states, “It is conceivable that North Korea’s nuclear weapons program has already considerably advanced and it is possible that North Korea has already achieved the miniaturization of nuclear bombs into warheads and has acquired nuclear warheads.”
- So let’s look at the agendas in play.
- Meanwhile, there’s United Nations Security Council Resolution 2371. It does target North Korea’s major exports – coal, iron, seafood. Coal accounts for 40% of Pyongyang’s exports, and arguably 10% of GDP.
- Yet this new sanctions package does not touch imports of oil and refined-oil products from China. That’s one of the reasons why Beijing voted in favor.
- So what next? Three reminders.
1) Beware of an engineered false flag, to be blamed on Pyongyang; that would be the perfect pretext for war.
2) The current narrative is eerily similar to the usual suspects blaring since forever that Iran is a heartbeat away from “building a nuclear weapon”.
3) North Korea holds trillions of US dollars in unexplored mineral wealth. Watch the shadowplay by candidates bound to profit from such juicy loot.
- A US Navy destroyer sailed within 12 miles of an artificial island built by China in the South China Sea on Thursday, a “provocation” that threatens another angry response from the Chinese government and further complicating President Donald Trump’s efforts to align the Communist Party in his pursuit to find a diplomatic resolution to the North Korean crisis.
- USS John McCain (yes, he the Senator has a ship named after him) passed by the Mischief Reef in the Spratly Islands in what US military officials justified as yet anoter “freedom of navigation”
- The Foreign Ministry pointed out that that the so-called US “freedom of navigation” mission was carried out without authorization from Beijing, which has “indisputable sovereignty over the Nansha Islands (Spratley) and its surrounding waters.”
- “The Coalition has established and closed several of these temporary posts throughout Iraq as we support the ISF [Iraqi Security Forces] in the fight against Daesh,” the spokesperson said using the Arabic term for Daesh.
- According to a US coalition spokesperson, US special forces troops operating in the northern region of Syria’s Aleppo Governorate very recently came under fire.
- The event occurred in the area of the large town of Manbij. Here the US troops were in vehicles when they came under what has been officially described by coalition sources as a “direct attack” by an unknown group of hostile forces.
- The loss of the Sweida-Jordan border on Wednesday night is the biggest setback suffered by the once US-backed rebels in southern Syria since the start of this conflict.
- With nearly 57km of border territory conceded to the Syrian Arab Army (
- This week the Syrian Army has been pounding the last al-Qaeda held district of Damascus, and as Alarabiya TV reports, an all out ground assault by the army is looking “imminent”.