Current Economic Collapse News Brief – Episode 794

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Current Economic News Brief
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In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.

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Current News – 10.17.2015



  • U.S. banks are going to new lengths to ward off a surprising threat to their financial health: big cash deposits.
  • State Street Corp. , the Boston bank that manages assets for institutional investors, for the first time has begun charging some customers for large dollar deposits,
  • The developments underscore a deepening conflict over cash. Many businesses have large    sums on hand and opportunities to profitably invest it appear scarce. But banks don’t want certain kinds of cash either, judging it costly to keep, and some are imposing fees after jawboning customers to move it.



China Officially Sold A Quarter Trillion Treasurys In The Past Year (Unofficially Much More) And What This Means

  •  the reality is that China (+ Euroclear) have been dumping Treasurys and liquidating reserves since January when total holdings peaked at $1.6 trillion last summer, and have since declined to $1.38 trillion. It means that China has sold a quarter trillion dollars worth of Treasurys in the past year, in the process offsetting what would have been about 25% of the Fed’s QE3.
  •  the real number is likely far greater.
  • Bottom line: China’s capital outflow is getting worse, not better, and continued to drag not only its economy lower, but accelerate China’s disposition of Treasury paper.




  • A new poll asked over 1,000 Americans, in part, “How much trust and confidence do you have in the mass media … when it comes to reporting the news fully, accurately and fairly?”It turns out that less than half of respondents feel they can rely on today’s mainstream news.
  • Gallup’s Rebecca Rifkin noted that while Americans are now less likely to trust other major institutions, such as the government, than in past years, the media has also actively contributed to the atmosphere of distrust:
  • “[S]ome of the loss in trust may have been self-inflicted. Major venerable news organizations have been caught making serious mistakes in the past several years, including the scandal involving former NBC Nightly News anchor Brian Williams in 2015 that some of his



US Military to Fly Over Russia’s Far East

  • The observation flights by a Russian Antonov An-30B plane are scheduled for October 19 and 22 and will be Russia’s 34th and 35th such missions conducted under the treaty this year.
  • “The maximum range of the flight over the Czech Republic will be 800 kilometers and over Slovakia – 1,200 kilometers,”  the “observation flights are conducted with the aim of promoting greater transparency of military activities” and “strengthening security through confidence-building measures”.


US & allies to test missile defense system in Europe for first time – media

  • The US Navy alongside forces from eight other nations, will hold missile defense drills in Europe later in October,
  • The exercises will be held under the Maritime Theater Missile Defense Forum, which is a coalition aimed at coordinating missile defense efforts,
  • The goal of the exercises is to test the allies’ capability to counter multiple missile threats and coordinate their actions in defending against several missiles at once,
  • The exercises mark a new milestone in the development of the ballistic missile defense system in Europe, which has been created by the US and NATO for about a decade already.


Pentagon: Khorasan leader killed in Syria airstrike

  • The leader of a group of Al-Qaeda veterans which Washington calls the Khorasan Group has been killed in a coalition air strike in Syria, the Pentagon said Sunday, proclaiming it another victory against a shadowy outfit it says targets the United States.


Syrian forces regain control of key eastern area, state sources report

  •  government forces have regained control of al-Jafra in the east of the country.
  • The area is considered the first line of defence for the Deir al-Zor airport.


Syrian Opposition Base Struck by Unknown Planes – Russian Defense Ministry

  •  on the Syrian-Jordanian border we found commercial buildings destroyed as a result of bombing,” Col. Gen. Andrei Kartapolov, head of the Main Operations of the Russian Armed Forces General Staff,
  • “As far as we know, neither nor Syrian military aircraft have ever operated there… ISIL terrorists have never been seen in this area, which has been controlled by the Free Syrian Army since 2013,” he added.


Russia offers US ‘broader cooperation’ in Syria, but Washington not ready – Defense Ministry

  • Russia is offering the US “far broader cooperation” than merely the coordination of air strikes in order to fight Islamic State in Syria, but Washington is not ready to accept it 


False Flags

Sniper attack on California power grid may have been ‘an insider,’ DHS says

  •  2013 sniper attack on a California energy grid substation may have been committed by someone on the inside. The attack, which nearly took out power to parts of Silicon Valley, has been called “the most significant incident of domestic terrorism involving the grid that has ever occurred” by the nation’s top electrical utility regulator.
  •  No suspects have been named, and as of last year, no motive identified.
  • But at an energy industry conference in Philadelphia this week, we got our first glimpse at who the government thinks might have attacked the grid.
  • “While we have not yet identified the shooter, there’s some indication it was an insider,”
  • Was it a current or former employee of PG&E? A hired contractor?


‘They’d love to do damage’: The FBI says ISIS wants to hack parts of the US power grid

  • ISIS hackers are attempting to penetrate the US energy grid in order to carry out cyber attacks and down parts of the country’s energy supply,
  •  cyber attack might cripple an individual utility, causing a blackout or disruption of service at the local level.” 
  • The likeliest outcome of a cyber attack against US infrastructure, Pollet contends, is “localized disruptions in service — not a widespread outage.”