The BREXIT is not going well, the banks are preparing for a no-deal exit. It is being reported that 1 in 5 retailers are in trouble, more than 12,000 stores are expected to close this year. Congress slipped an amendment into a bill to bail out pension plans. The pension funds are underfunded and the insurance that backs them does not have enough currency to protect them. The spending bill has been passed. Trump is making this move to collapse the central bank system. The house intel probe has come to an end, no collusion discovered. Facebook is trying to cover up what they really do, this is not the only company that sells private data. The push is on to have banks control who can purchase weapons. Turkey claims the captured weapons supplied to the Kurds by the US. Russia and US begin talks on Syria. Rand Paul says the deep state does exist. The push is on to take down the deep state, it is all being setup to bring down the central bank system that funds the deep state, bring those who committed crimes to justice and to reset the entire system. All exists have been blocked, nobody will escape, nobody.
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Current News – 03.23.2018
- EUROZONE banks are preparing for a Hard Brexit despite repeatedly condemning a no-deal exit as the worst case scenario
- Brexit talks have progressed rapidly in recent weeks, But eurozone banks still believe talks could fall through, resulting in a hard Brexit in March 2019 rather than a softer exit after a transition ending in December 2020.
- Banks are giving organisations and businesses a June 2019 deadline to apply for eurozone licences, in a bid to encourage a relocation from the UK after Brexit.
- Ryan McCullough, senior real estate economist with Costar, said the U.S. has 18% too much retail space when compared with the historical average.
- To return to where they should be, U.S. retailers would need to maintain current sales, but close almost 1.6 billion square feet of selling space.
- Cushman & Wakefield, the real estate brokerage firm, is forecasting that 12,000 stores will close in the U.S. this year, up 33% from the 9,000 that were shuttered in 2017.
- The US pension system has gotten so bad, Congress is actually planning for its failure.
- Congress quietly snuck in a provision that forms a committee which would use federal funds to bail out as many as 200 “multi-employer” pension plans – where employers and labor unions jointly provide retirement benefits to employees.
- As is often the case, this rescue “plan” is too little too late. The US pension system is beyond repair. And if you’re depending on pension income to carry you through retirement, it’s time to consider a Plan B.
- Boston College estimates the nation’s 1,400 multiemployer plans (corporate) are facing a $553 billion shortfall. And around one-quarter of those are in the “red zone,” meaning they’ll likely go broke in the next decade or so.
- But Congress’ committee, assuming it works, wouldn’t even rescue the red zone plans, much less the remaining 1,200.
- And it doesn’t even begin to address the real problem – the $7 trillion funding gap faced by the government’s own pensions.
- Congress is stepping in because the Pension Benefit Guaranty Corporation (PBGC) – the pension equivalent to the Federal Deposit Insurance Corporation (FDIC) – is completely insolvent.
- Update: The omnibus bill has passed. The final vote count was 256-167…
- The Senate now has until midnight Friday to pass it.
The U.S. is also expected to announce it would sue China at the World Trade Organization for trade law violations. The tariffs would be assessed separately without going to the WTO.
- Trump has said that the tariffs would apply to a list of 100 products, primarily technology exports.
- 1. Higher tariffs on selected US exports to China: China would likely target imported products that would have significant impact on the US, and that China could afford to import less from the US. Based on these criteria, we have identified the following products: seeds and fruits (including soybeans), aircraft, pulp, nonferrous metal, wood, ores, and raw hides
- 5. Sell US treasuries and buy other government bonds:
- On Thursday, the committee voted along party lines to formally end the investigation and released a report saying they found no evidence of collusion between Trump and associates of the Kremlin
- The social media giant practically doubled its takings every year after opening up profiles to ‘tens of thousands’ of app developers
- During data gold-rush, which lasted from 2009 to 2015, appears almost anyone who described themselves as a ‘developer’ could freely mine its database
- In this period, the technology firm’s revenues rose sharply, from million in 2009 to nearly billion by 2015
- Cambridge Analytica is owned by a British company, SCL Ltd, which in effect does exactly the same activities in the UK that Cambridge Analytica was undertaking in the US.
- looking at the board memebers a name jumped out at me of course was Lord Ivar Mountbatten, direct descendant of Queen Victoria and scion of the family closest friends with that of the UK’s unelected monarch. The only person listed by Companies House as having “significant control” – ie over 25% of the shares – is Roger Gabb, the wine merchant known for large donations to the Tory Party.
- The most worrying aspect of this is that SCL is paid by the British government to manipulate public opinion particularly in the fields of “Security” and “Defence”, and still more worryingly SCL –
- A closer look and you find that Cambridge Analytica is a mere offshoot of Strategic Communication Laboratories (SCL Group) – an organisation with its roots deeply embedded within the British political, military and royal establishment.
- The organisation boasts that it has conducted “behavioral change programs” in over 60 countries and its clients have included the British Ministry of Defence, the US State Department and NATO.
- In addition, SCL also carries a secret clearance as a ‘list X’ contractor for the MOD. A List X site is a commercial site on British soil that is approved to hold UK government information marked as ‘confidential’ and above. Essentially, SCL got the green light to hold British government secrets on its premises.Meanwhile, the US State Department has a contract for $500,000 with SLC. According to an official, this was to provide “research and analytical support in connection with our mission to counter terrorist propaganda and disinformation overseas.” This was not the only work that SCL has been contracted for with the US government, the source added.
- Indeed, it seems evident that the organisation is a product of murky alliances formed between venture capitalists and former British military and intelligence officers
- International deception and meddling is the name of the game for SCL. We finally have the most concrete evidence yet of shadowy actors using dirty tricks in order to rig elections. But these characters aren’t operating from Moscow intelligence bunkers.Instead, they are British, Eton educated, headquartered in the city of London and have close ties to Her Majesty’s government.
- Seemingly following Andrew Ross Sorkin’s suggestions, and echoing the virtue-signaling from Dick’s Sporting Goods et al., megabank Citigroup is setting restrictions on the sale of firearms by its business customers.
- As a reminder, Andrew Ross Sorkin wrote in the NY Times that banks could control guns, if Washington won’t.
Here’s an idea.
What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America?
Collectively, they have more leverage over the gun industry than any lawmaker. And it wouldn’t be hard for them to take a stand.
PayPal, Square, Stripe and Apple Pay announced years ago that they would not allow their services to be used for the sale of firearms.
- Troops from the Turkish Army discovered and seized two AT-4 unguided anti-tank weapons from PKK forces during counter-terrorist operations in southeastern parts of the country on Wednesday, according to an official Twitter account operated by the Turkish Armed Forces.
- Although the AT-4 armament was developed and produced in Sweden by Saab Bofors Dynamics, it’s believed that the US originally supplied the launchers to Kurdish-led forces in Syria, before they were handed over to PKK combatants to be used against the Turkish army.
- UK Foreign Secretary Boris Johnson said Wednesday that while Syrian President Bashar Al-Assad may fear punishment for civilian deaths in the country, the old slogan of “Assad must go” is no longer tenable.
- Johnson added that with Assad currently controlling 75 percent of the population and 50 percent of the territory, there is “a huge amount of slaughter still to come,” so the best thing would be “to get round the table in Geneva and begin the process of a new constitutional settlement for Syria.”
- General of the Army Valery Gerasimov, the head of Russia’s General Staff, and Chairman of the US Joint Chiefs of Staff Joseph Dunford discussed Syria on the phone and agreed on further contacts, the Russian Defense Ministry said on Wednesday.
- They “discussed issues concerning the situation in the Syrian Arab Republic along with other pressing issues of mutual interest,” it added.
- “Gerasimov and Dunford agreed to continue bilateral contacts,” the ministry said.
- Sen. Rand Paul (R-KY) said that the term “deep state” accurately describes how an unelected bureaucracy of national security officials in positions of power exert influence without Congressional oversight.
“Absolutely, there is a deep state, because the deep state is the intelligence agencies that do not have oversight,” he said.
“Only eight people in Congress know what they’re doing, and traditionally, those eight people have been a rubber stamp to let the intelligence communities do whatever they want. There is no skeptic among the eight people that are supposedly overseeing the intelligence community.”
- The “Gang of Eight” that Paul referenced is made up of the majority and minority leaders of the House of Representatives and Senate, along with the chairmen and ranking members of the two intelligence committees, and are the select few members of Congress with real-time access to America’s most sensitive intelligence.
- Paul pointed out that he believed Obama-era CIA Director John Brennan, Director of National Intelligence James Clapper and others used intelligence collected “without any judicial warrants” for political purposes, in addition to “try to bring Trump down.”
“John Brennan and James Clapper were doing whatever the hell they wanted, without any judicial warrants, and I think there were numerous people in the Obama administration who were using intelligence — one, to try to bring Trump down; but two, also, they were using it for political purposes,” he said.
“And this is very, very worrisome.”
- Breaking: H.R. McMaster replaced by John Bolton as national security adviser McMaster has been replaced by former Ambassador to the United Nations [Bush’s Deep State warmonger] John Bolton as national security adviser, President Trump tweeted Thursday. “I am pleased to announce that, effective 4/9/18, @AmbJohnBolton will be my new National Security Advisor,” Mr. Trump wrote. “I am very thankful for the service of General H.R. McMaster who has done an outstanding job & will always remain my friend. There will be an official contact handover on 4/9.”