Initial jobless claims surges, but we are experiencing they same thing we saw in 2008, low claims, next stop recession. Walmart is closing 260 Sam’s Clubs. IBM restructuring and will be laying off 10,000 people. Confidence hits a 17 year high. Bank Of America says the central banks bubble can be popped. Has the date for the economic collapse already been decided, will it start in Europe? Confirmed, there is no Russian collusion. The dossier was used to get a FISA warrant to spy on the incoming President. The corporate media puts out fake news about the crypto market, was this on purpose to make it more volatile. The US government passed the law that spies on the American public. Trump puts into place new conditions on unmasking. The US sends B-2 bombers to Guam. Trump is expected to ease sanctions on Iran. Russia knows who bombed their base and it’s not Turkey.
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Current News – 01.11.2018
- 2016 ended with a 13% YoY decline in initial jobless claims. However, thanks to a late-year surge (which we are sure will be excused away with ‘weather’ of some sort), 2017 saw initial claims rise 6.5% YoY.
- For context, this was the biggest weekly jump in 7 years!
- Wal-Mart was quick to make a media splash with the news that it was raising the starting hourly wages to $11/hour, expanding employee benefits and offering worker bonuses of up to $1000 in response to the Trump tax cuts; it was far more covert, however, with the news that on the very same day it was also closing hundreds of Sam’s Club stores nationwide and laying off thousands of workers according to numerous media reports.
- over 260 stores that have been closed down,”
- 650 locations employing more than 100,000 people, with an average of 175 employees per store, according to the company.
- No formal announcement was posted Thursday morning by Sam’s Club, but the company acknowledged the closures on Twitter with a general statement.
- IBM is reassigning 30% of the staff in its service delivery business, according to a report in website The Register citing anonymous sources.
- The report published a slide from an internal IBM presentation that listed the jobs as “attrition w/o backfill.”
IBM plans to reassign up to 30 percent of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported on Thursday, citing unnamed company insiders.
- Barclays corporate index spread hit just +90 bps the tightest since Feb ’07.
- And, as BofA’s Barnaby Martin writes in an overnight note, what should be clear already is that this credit cycle won’t simply roll over and die of old age. “Far from it, we think. In fact, we believe one underappreciated risk by the market in 2018 is that Euro credit spreads get squeezed to eye-wateringly tight levels, spurred on by a still-supportive central bank backdrop.”
- Y all major central banks are either in the process of hiking rates, shrinking balance sheets and QE, or at the very least signalling the limits to their monetary policy.
- Marshall Swing has been spot-on with all of his calls lately, and if Marshall is correct with his latest call, we have very little time to prepare…
- What caught me by surprise was the amount of drift allowed to $17.32 from roughly $17.00
- When I see a certain number of contracts expended in the Commercials mounting a top then I calculate the width of the drift to set stops. Didn’t work for me this time but that is quite okay. You learn from miscalculations and get better.
- Appears to be more of a war going on in gold. If you notice the massive amount of contracts expended where the Commercials made a pointed cone, sort of like the Tin Man’s Hat, with a position reversal flag on top, around 75,000 contracts traded in 90 minutes, in gold, in that space to the flag top then retreated to exactly the price point from where they came.
- Last Friday’s COT showed the Silver Commercials had upped their percentage of shorts from 46% to 56% and since COT close Tuesday January 2 we know they are much higher.
- Looks like we are headed to a fake new year’s full frontal assault on silver, and somewhat gold, as the last quarter corporate sales results come into reporting. Great (FAKE) economic news spells temporary disaster for the metals and it is always intentional, especially at option exirations.
- This metal’s lateral movement has all the looks of the same old tricks used to create depression in Small Speculators and Managed Money which tarnishes the allure of gold so various players like the Chinese and Russians can buy gold on the cheap and more importantly so the Elite’s get their fill before the world’s economies are crashed in July.
Ted Malloch, whom we hear rumored to be Trump’s pick for ambassador to the EU says collapse in 18 months:
Now this guy Malloch has done a LITTLE Elite Globalist hob-knobbing to say the very least.
You might enjoy reading about his book and reviews here:
Davos, Aspen, and Yale: My Life Behind the Elite Curtain As a Global Sherpa
But, my focus is what he says in the RT.com article and he references Joseph Stiglitz who is yet another Global Elitist:
Ummm, former chief economist and senior vice president of the World Bank
and to quote:
“In 2010, the 2008 global financial crisis morphed into the “eurocrisis.” It has not abated. The 19 countries of Europe that share the euro currency―the eurozone―have been rocked by economic stagnation and debt crises. Some countries have been in depression for years while the governing powers of the eurozone have careened from emergency to emergency, most notably in Greece.
So Joey Stiglitz is expert in financial crisis, as are the top Elites who got us into this tangled web!
Okay, time to do a little math.
When he said this it was January 26, 2017, let’s add 18 months, that is roughly 547.5 days by Gregorian count and land on July 20 -27, 2018.
BUT, let’s do the prophetic month count and see where things land…
18 months * 30 days = 540 days,
- Sources within Mueller investigation confirm Veselnitskaya/Trump Junior meeting no longer seen as evidence of Trump/Russia collusion
- the confirmation is there and originates in what all the indications suggest is a deliberate leak either from Special Counsel Robert Mueller’s team or from the White House’s legal team.
No evidence has emerged publicly to contradict Veselnitskaya’s account that she wanted to press a case about U.S. Magnitsky Act sanctions, and that she did not possess significant derogatory information about Clinton, despite the email from a music promoter to Trump Jr. promising incriminating details about the Democrat.
Moreover, no evidence has emerged publicly that connects the Russians in the meeting with the Russian intelligence effort to interfere in the 2016 presidential election.
- Feinstein enraged Sen. Grassley. Earlier, she admitted (then retracted) being “pressured” to release the transcripts.
- And now, Feinstein, 84, expressed regret on Wednesday for keeping Sen. Grassley in the dark, and suggested it was because of a “bad cold.”
“And I don’t make an excuse but I’ve had a bad cold and maybe that slowed down my mental facilities [sic] a little bit.”
- Grassley said Tuesday that Feinstein’s decision to abruptly publish the documents was “confounding” and said he expected the documents to be released “when we both agreed to release it.”
- the DOJ and FBI used the sketchy ‘Steele Dossier’ as the foundation for their FISA application.
- Reuters published a misleading report Thursday giving the impression that South Korea was certain to ban the trading of cyber currencies such as Bitcoin, contributing to a panicked sell-off of digital blockchain assets.
- The report, from authors Cynthia Kim and Dahee Kim, bears the headline “South Korea plans to ban cryptocurrency trading, rattles market.” It also claims that authorities performed “raids” at major exchanges Coinone and Bithumb.
- However, an update to the story concedes that lawmakers have not even drafted a bill, and if they were to do so, passage “could take months or even years.” The clarification, still not suggested in the headline, reads:
- Was this done on purpose to start a sell off to show how volatile it is
- Update 3: The Foreign Intelligence Surveillance Act has been renewed by the House of Representatives. Originally enacted in 1978, the act outlines the lawful procedure for collecting foreign intelligence. FISA Section 702 allows the US government to pull in communications from foreign nationals but does not permit surveillance of US citizens, even if they are suspected of criminality or terrorism. Ahead of a vote to extend FISA for six years,
Trump signed a memorandum Tuesday, ordering Director of National Intelligence (DNI) Dan Coats to create a policy requiring each branch of the intelligence community to create their own procedures for responding to so-called “unmasking” requests.
Trump gave the DNI 30 days to implement a policy that would limit intelligence agencies from uncovering the identity of non-public US citizens and information “concerning known non-consenting United States persons that was originally omitted from disseminated intelligence reports.”
The purpose of the memorandum is to improve the efficiency of “unmasking” requests and ensure the intelligence community complies with privacy laws, a White House official told Bloomberg.
- The U.S. Air Force has sent three B-2 nuclear-capable stealth bombers to Andersen Air Force Base on the island territory of Guam
- “During this short-term deployment, the B-2s will conduct local and regional training sorties and will integrate capabilities with key regional partners, ensuring bomber crews maintain a high state of readiness and crew proficiency,” the U.S. Pacific Air Forces said on its website.
- The U.S. Strategic Command regularly rotates bombers through the Indo-Pacific region to conduct Pacific Command-led air operations, “providing leaders with deterrent options to maintain regional stability,” the Pacific Air Forces said.
- President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington’s participation in the landmark accord,
- But Trump is likely to pair his decision to renew the concessions to Tehran with new, targeted sanctions on Iranian businesses and people,
- While speaking about the recent drone attack on the Russian Hmeymim base in Syria, Vladimir Putin said that he believed Turkey had nothing to do with the issue amid reports that, allegedly, the drones had been delivered from Turkey.
- “There were provocateurs there but they were not Turks, we know who was it was… We know, how much and whom they have paid for this provocation,” Putin said.
- The attack was a provocation, aimed at undermining Russia’s relations with its partners, including Turkey, Vladimir Putin said, adding that Russia had taken additional measures to protect its military facilities in Syria.
- “Firstly, these are provocations aimed at the collapse of the earlier reached agreements. Secondly, that is also an attempt to destroy our relations with partners — Turkey and Iran. We clearly understand that, and therefore we will show solidarity,” Putin said.
- “Concerning the attacks, we have no doubts that they had been well prepared, we know when and where these drones were transferred, as well as the number of drones,” Putin added.
- The US-backed Syrian Democratic Forces (SDF) released 400 former ISIS fighters a mere few weeks after they had been captured, the opposition media outlet Syrian Observatory for Human Rights (SOHR) reported on Tuesday. The report added that the released ISIS fighters include dozens of well-known ISIS members and commanders.
- Moreover, the SOHR said that the SDF even allowed 120 former ISIS fighters from Deir Ezzor and al-Hasakah governorates to join its ranks. The former ISIS fighters who joined the SDF are all related to SDF leaders, according to the report.
- Many observers have warned that the SDF is attempting to absorb Syrian ISIS fighters in order to create a new Arab force within the SDF, which will lead to more terrorism in Syria and the region.
- The U.S. State Department on Wednesday launched its new travel advisory program, which is intended to inform Americans about the risks they may face when they travel abroad.The new system does away with “travel alerts” and “travel warnings,” using levels 1 to 4 in their place.Every nation including Antarctica, gets one of the four rankings, as follows: Level 1, “exercise normal precautions”; Level 2, “exercise increased caution”; Level 3, “reconsider travel”; and Level 4, “do not travel.”Countries ranked at levels 2 through 4 will include the reason for the ranking,