SEC rules Ethereum is not a security, which means that other cryptocurrencies will most likely fall into this category. The reason stated is because the network is decentralized. Unemployment has dropped to the lowest point in 45 years. There are now fewer people on government support than ever before. Retails bounces back, but there is a catch. We are now in a double bubble area. This is not going to end well. The dollar is losing its purchasing value. The economy is breaking down and the plan is to control the narrative by continuing what the establishment has setup in the past, this will be used to blame the establishment and the central banks. IG report is out with redactions, this is not the full report, this is the modified report. POTUS has the power to DECLAS the entire report. The corporate media left out important texts from Strzok and Page. Merkel is in trouble with her immigration policy. Pentagon and South Korea confirm the drills will come to and end. Military commanders from Russia, Syria, Iraq and Iran meet in Baghdad. Assad points the finger at the west, they are the invading force in Syria. Q drops more posts, these new bread crumbs tell us that the IG report is the modified version and POTUS has the full report.
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Current News – 06.14.2018
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- While somewhat expected, a top official at the SEC has seemingly confirmed that Ethereum trades are not subject to federal securities laws.“Based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions,” William Hinman, who leads the SEC’s corporation finance unit, said in a Thursday speech in San Francisco.
- Hinman added that “applying securities laws to Ether adds little value.” Watch him make the declaration below:
- Previously, SEC Chairman Jay Clayton had said that cryptocurrencies like bitcoin are not securities, though the agency had not definitively named any other coins that would be deemed currencies and not securities.
- And while the results of this off the cuff statement are unclear from the taxation or regulatory perspective, Ether is rallying on the news…
- The key here of course being that Ether is decentralized.”
- This would suggest that Bitcoin also is NOT a security given its decentralize nature.
- Rolls-Royce (RR.L) is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain’s best known engineering company more profitable and dynamic.
- Two thirds of the job cuts will fall in Britain. Rolls is the biggest employer in the city of Derby, central England, with 15,700 at its headquarters.
- For the first time since November 1973, there are less than 1.7 million Americans claiming jobless benefits…
- Food Stamp usage in America has fallen 7.8% since President Trump’s election – the fastest such drop in Americans’ dependence on the state for sustenance ever. Even better news, at 40.08 million people, this is the fewest Americans to rely on government food handouts since February 2010.
- Great News America!! Right?
- After retail sales growth slowed in April, expectations were for a rebound in May and rebound it did with May headline retail sales surging 0.8% MoM (double the +0.4% expectation) – the biggest jump since Sept 2017.
- Headline retail sales ran slightly slower than ex-auto sales, based on weakness in unit motor vehicle sales reported at the start of the month, at
- Core Retail Sales surged 0.8% MoM (the most since Nov 2017). Gasoline prices are the highest since 2014, but the price profile year-to-date (up 17%) is not particularly unusual relative to history.
- Only 2 of the 13 segments (furniture and sporting goods) saw declines in May…
- The only slight negative in the whole report was the slowing growth of the ‘Control Group’ which rose 0.5% MoM versus a revised +0.6% MoM in April.
- Yup, consumers have to spend more to buy the same stuff.
- “U.S. Retail Sales Soared in May” and similar headlines graced the media this morning – and not a word about inflation, or rather the loss of the dollar’s purchasing power in May that caused nearly half of the gains in retail sales.
- Total retail sales, including food services such as restaurants, surged 5.9% in May from a year ago the Commerce Department reported this morning. Retail sales without food services jumped 6.0% to $443 billion. Excluding motor vehicles and parts, retail sales jumped 6.4% to $399 billion. Those are big jumps!
- “The report suggests low unemployment, rising wages, and tax cuts are prodding Americans to spend,” the Wall Street Journal gushed. “That, in turn, is boosting merchants’ sales while stoking stronger growth in the world’s largest economy.”
- But inflation as measured by the Consumer Price Index shed some light on what would happen in retail sales today. CPI rose 2.8% in May, the fastest year-over-year jump since February 2012. Conversely, the purchasing power of the dollar dropped 2.93% in May from a year ago, the fastest drop since November 2011.
- The loss of purchasing power of the dollar is unevenly distributed over various products. Beyond retail sales, the purchasing power of the dollar has essentially collapsed when it comes to buying a home in some of the hot housing markets in the US. For retail products, the decline in purchasing power of the dollar also varies. For example in May, it took 21.8% more dollars to buy the same amount of gasoline as a year ago. But retail sales of gasoline rose only 17.7% over the same period. In other categories, the price increases were much smaller.
- The Commerce Department also releases retail sales adjusted for inflation. This measure of “real” retail sales, including food services, rose only 3.1% in May (seasonally adjusted) from a year ago – closer to the middle of the range of the past few years, and a lot less to gush about:
- So consumers lost purchasing power it take more dollars to purchase the same items a year ago, so wages just got wiped out by the eroding purchasing power of the dollar.
- Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011.
- The government does all kinds of little accounting tricks to pushes the CPI number down. For example, the CPI for used cars actually fell 1.7% over the last year. In fact, the CPI for used vehicles is at the same level that it was in May 1995. In other words, the price of a used car today is theoretically same as it was more than two decades ago.
- Now, do you really think a used car is cheaper today than it was 23 years ago?
- The devaluing of the dollar is on purpose. The Federal Reserve wants an “inflation rate” of 2%. Central bankers think it’s good when the purchasing power of the dollar falls. And it is good – for the bankers and the political class who get new dollars pumped into the system first. For the rest of us, not so much,
- double-bubble economy in housing and stocks, a
- Feast your eyes on Housing Bubble #2, a.k.a. the Echo Bubble:
Here’s the S&P 500 stock index (SPX): no bubble here, we’re told, just a typical 9-year long Bull Market that has soared from a low in 2009 of 666 to a recent high of 2802 in January of this year:
Here’s a view of the same bubble in the Dow Jones Industrial Average (DJIA):
- Is anyone actually dumb enough not to recognize these are bubbles? Of course not. Those proclaiming that “these bubbles are not bubbles” know full well they’re bubbles, but their livelihoods depend on public denial of this reality.
- The problem with bubbles is they always pop. The market runs out of Greater Fools and/or creditworthy borrowers, and so sellers overwhelm the thinning ranks of buyers.
- The other problem with bubbles is that we’ve become dependent on them as props holding up a rotten, corrupt status quo. Since the economy can no longer generate sufficient prosperity to go around via actual increases in productivity and efficiency, those skimming most of the gains rely on “the wealth effect” generated by expanding asset bubbles to create a dreamy illusion of prosperity.
- Here’s the third consequence of bubbles: the gains flow to the very top of the wealth-power pyramid:
- only owners of assets reap gains from asset bubbles, only those who own assets benefit. That leaves out the bottom 90%,
- After various leaks, first to Bloomberg then to Fox News and other outlets, finally the DOJ released to the public the Inspector General report of the Clinton email probe, which while hammering James Comey for being “insubordinate” and showing poor judgment during the 2016 election, it found no evidence to show his key decisions in the Clinton email investigation were improperly influenced by political bias; paradoxically, the same report also raised swirling questions about the role of FBI counterintelligence agent Peter Strzok, whose texts with FBI lawyer Lisa Page the IG found suggested he “might be willing” to take official action to impact Trump’s electoral prospects, or as one might put it, “clear bias” against Trump.
- And while the IG does not fault the FBI for not charging Clinton, it did find that, not surprisingly, Comey used personal email for official business
- The report also found that five FBI officials expressed hostility toward Donald Trump before his election and says in report to Congress that their actions have been referred to bureau for possible disciplinary action.
- Furthermore, and this is where Andrew McCabe may want to get concerned, the DOJ inspector general also has opened additional probes into leaks.
- But as we reported earlier, in perhaps the most explosive new revelation from the report, Strzok told Page “We’ll stop it” when asked, “[Trump’s] not ever going to become president, right? Right?!”
- That text, the report said, was “indicative of a biased state of mind”—and suggested that Strzok may have intentionally slow-rolled the review of emails connected to the Clinton investigation discovered after the probe was closed, on a laptop belonging to former congressman Anthony Weiner. Strzok, as the number-two official in the Clinton investigation, was one of several individual figures who was made aware of the existence of the emails when they were initially uncovered.
WASHINGTON, DC – House Oversight and Government Reform Committee Chairman Trey Gowdy released the following statement after the Department of Justice’s (DOJ) Office of Inspector General (OIG) released a report on FBI and DOJ actions in advance of the 2016 election.
“I am alarmed, angered, and deeply disappointed by the Inspector General’s finding of numerous failures by DOJ and FBI in investigating potential Espionage Act violations by former Secretary of State Hillary Clinton. (read more)
- ♦ Statement from Trey Gowdy. [SEE HERE] Given the nature and construct of the statement it was obviously written before today and timed for a release at a specific time of day today. Reeks of familiar UniParty swamp defense. Chaff and Countermeasures.
- ♦Report from Bloomberg News. Includes notes and reports of Lisa Page and Peter Strzok text messages that were INTENTIONALLY WITHHELD from prior text message releases. Including: on Aug. 8, 2016:
- Lisa Page: “(Trump’s) not ever going to become president, right? Right?!”
- Peter Strzok: “No. No he’s not. We’ll stop it.”
- That reply from Strzok was never included in the release from the FBI. The OIG recovered the text using their independent forensics. The FBI intentionally hid the Strzok reply. The OIG only discovered it four days ago according to Daily Caller [SEE HERE].
- Europe has another political crisis on its hands, and this one could be a big one as it is right in the middle of Europe’s growth dynamo “ground zero.”
- As the WSJ reports, a rebellion over immigration in German Chancellor Angela Merkel’s conservative bloc is threatening the stability of her fragile coalition. Merkel’s weekend decision to veto a plan by her interior minister aimed at controlling and reducing illegal migration, and the minister’s refusal to back down, has already shattered an uneasy truce between conservative backers and opponents of her liberal asylum policy, just months after a tenuous coalition government was formed.
- Merkel is facing a rebellion from her hardline Interior Minister Horst Seehofer, who demands that German border police be given the right to turn back migrants without identity papers or who are already registered elsewhere in the European Union. T ad.
- Merkel, the longest-serving EU leader, called immigration “a litmus test for the future of Europe” on Wednesday – but the issue has now rapidly turned into a test of Merkel’s own grip on power at home.
- Russian President Vladimir Putin has confirmed that he invites North Korean leader Kim Jong Un to visit Russia.
- South Korean officials initially acted surprised on Tuesday, but on Wednesday the office of President Moon also endorsed the plan, saying such a freeze might be necessary to “expedite talks” with North Korea.
- “Major military exercises have been suspended indefinitely on the Korean Peninsula,”
- Turkey’s Chief of General Staff General Hulusi Akar and NATO’s Supreme Allied Commander Europe General Curtis Scaparotti agreed via telephone on Wednesday to force the Kurdish-led People’s Protection Units (YPG) to leave Manbij by July.
- In a statement released on Thursday, the Turkish General Staff said Akar and Scaparrotti developed a roadmap to end the disagreement over Manbij.
- Military commanders from Iraq, Syria, Iran, and Russia held a meeting in Baghdad on Wednesday to discuss regional security and their continued cooperation in the battle against terrorism, .
- representatives of the four countries emphasized the need to continue and expand cooperation in fight against terrorism.
- Syrian President Bashar al-Assad says that the American, French, Turkish and Israeli troops present in his country are occupying forces
- He also stressed that there are no Iranian military bases in Syria,
- Assad also noted that it is not yet decided how the situation in Syria’s militant-held southwest will be resolved.
“We are giving the political process a chance. If that doesn’t succeed, we have no other option but to liberate it by force,” he said.
- Syrian President Bashar al-Assad has said that talks led by Moscow on the future of the south of the country were ongoing, but warned that Israel and the United States were preventing a negotiated settlement.
- “We were faced with two options… reconciliation or liberation by force. At this point, the Russians suggested the possibility of giving reconciliation an opportunity,” he said.
- “Up till now, there are no concrete results for a simple reason which is Israeli and American interference; for they put pressure on the terrorists in that area in order to prevent reaching any compromise or peaceful resolution,” he added.
Q is straight-up spelling it out for us. RR is finished!
No, this isn’t the “tarmac meeting,” That happened on a private jet; not a commercial United flight.
At least… not that tarmac meeting.
Besides, this is a Boeing 737:
That car itself is also a Mercedes S-class, and it looks like it’s parked in a hanger – meaning it’s probably San Francisco.
So who was in San Fran? And who were they meeting with?
Q mentions “Think image drop.”
And she’s in Hanoi, Vietnam in this pic.
Would that require a layover in San Fran? Or maybe she left from San Fran?
I think we have a potential candidate for who was on that plane. She does fly commercial, after all.
And that photo was taken in August of 2015…
Which would be before Justice Antonin Scalia’s death in 2016!
Go to Apr 15th drops:
Q then adds:
So did Ginsburg meet with Brennan, in order to sign off on the plan to not only assassinate Justice Scalia, but step down herself, and allow Loretta Lynch to fill her Supreme Court seat?
Is this a photo of the “reporter” who was there to capture it all?
Look again at the photo Q dropped tonight:
Who is that on the right look like to you?
Trump never misses an opportunity to signal.
Ladies and gentlemen – and I feel pretty confident in saying this – meet the reporter who caught it all.
[[RR]] approved/signed FISA-warrant application(s) to extend surveillance on POTUS/others.
What evidence to support?
[[RR]] @ WH.
Why was Rachel Brand removed?