The Economy Just Hit The Wall, Everything Is About To Change – Episode 1612

The Economy Just Hit The Wall, Everything Is About To Change
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The UK is going through some pain after Davis and Johnson resigned, now there are more that are resigning because the Brexit is fixed. The US government reports that there are many job openings, this entire idea that there are more jobs than people looking for jobs makes no sense because the help wanted does not support this idea. BMW is now moving out of South Carolina, the reason tariffs. Looking at the real hard data the economy has it the wall, the Fed knows it and Trump knows it, Trump will start to pivot and will blamed the Fed for the economy breaking down. The MSM is now reporting a recession is headed our way, everything is about change. Stzok and Page are suppose to testify in public but there is no confirmation that they will actually do this. Judicial Watch uncovers information that Obama was hiding what really happened with the illegals entering this country. Mexico’s new President will be setting up strong border guards in the southern part of Mexico to stop the flow of illegals. South Korea is suspending their summer drills. Syria is close to controlling the entire border with Jordan. Israel is now ready to recognize Assad but is still pushing the agenda that Iran is about to attack, remember Iran has not started a war in over 200 years, if a war is pushed it will be by a false flag. Everything is about to change, people are going to be shocked, the MSM will not be able to report on it, it will be a time of confusion.

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Current News – 07.11.2018

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Economy

Two UK Conservative Vice Chairs Resign Over May’s Brexit Plan – Reports

  • Two vice chairs of the UK Conservative Party, Maria Caulfield and Ben Bradley, resigned on Tuesday over Prime Minister Theresa May’s soft Brexit plan,
  •   I cannot support the direction of travel in the Brexit negotiations which, in my view, do not fully embrace the opportunities that Brexit can provide,” Caulfield said in a letter to MayBradley wrote a similar letter, 
  • It comes a day after Boris Johnson resigned as UK foreign secretary and two days after the resignation of Brexit Minister David Davis over the disagreements with May in relation to the Brexit plan.

Source: sputniknews.com

  •  May JOLTS report revealed, for the second month in a row the number of job openings stayed above the total number of unemployed workers, as April’s 6.698MM job openings number was revised higher to 6.840MM, to a new all time high, yet which dipped modestly to 6.620MM in May which however was still above the 6.564MM unemployed workers.

  • In other words, in an economy in which there was a perfect match between worker skills and employer needs, there would be zero unemployed people at this moment (of course, that is not the case.)

Source: zerohedge.com

  •   consumer credit exploded higher, soaring from $10.3BN in April to $24.6BN in May, smashing expectations of a $12BN monthly increase. revolving credit that impressed, soaring by $9.8 billion, the biggest monthly increase since November, and one of the highest monthly increases on record.

  •  US consumers whose savings rate is already near record lows,

Source: zerohedge.com

 

  • BMW said Monday that it would move production for some of its SUVs out of the U.S. as a result of new tariffs placed on the vehicles.
  • BMW is the largest U.S. auto exporter, and employs 10,000 people at a plant in Spartanburg, S.C. The brand’s key SUV models are produced there.

  •  the Germany-based automobile manufacturer signed an agreement with its Chinese partner, Brilliance Automotive Group Holdings, to increase the number of vehicles produced in the country, according to the Charleston newspaper, with the total reaching 520,000 by 2019.

Source: zerohedge.com

The Real Data Show The Real Economy Hit A Wall

  •   the average consumer is now forced to use revolving credit in order to maintain the current lifestyle.  This assertion is reinforced by the fact that the latest data from Transunion show that personal loans hit a record high in Q1 2018.
  • The homebuilder sector is in trouble. A Colorado-based credit union is now offering 0-percent down payment mortgages. Credit Union of Colorado will underwrite the 3% down payment FNM/FRE mortgage product and it will cover the remaining 3% of a home’s cost by giving the “buyer” an interest-free loan that is repayable at a future date or through a refinancing. The bank is charging 0.375% more for the mortgage than the rate for a 3% down payment conforming mortgage. The bank is betting the value of these homes will rise enough to cover the 3% down payment loan through a refinancing.  This is a de facto zero-down payment mortgage sponsored by the Government. 
  •  banks are getting desperate for mortgage fees because the pool of borrowers who can qualify for FNM/FRE/FHA loans has dried up. The economy hit a wall in the last month or two and it’s going to crush the housing market. By the end of the summer it will be impossible for the NAR and the media puppets to blame low sales on low inventory.
  • I
  • The June employment report continues to show a “tight labor market.” This is utter nonsense given that over 95 million working age people are no longer consider part of the “labor force” using the methodology devised to compute unemployment by the Government. Again, “however…”
  • …the “tight labor market” narrative is not confirmed by help-wanted advertising. Help-wanted advertising is considered an accurate indicator of broad economy. The Conference Board has been tracking help-wanted advertising going back to 1919.  Formal tracking of help-wanted advertising shifted from tracking ads in printed media to tracking help-wanted ads online in 2005.
  • The Conference Board’s Help-Wanted Online Advertising for June declined 3.7% from May. May was down 2.1% from April. April was down 1.4%. The May and April declines were revised lower in the latest report from the original reports. New ads were down 4.6% in June from June 2017. The total number of ads were down 5.7% year-over-year for June.
  •   economy   is contracting.

Source:  investmentresearchdynamics.com

  • Today Barclays published its quarterly Global Macro Survey which polls over 400 institutional investors from around the world and across asset classes, and the very first question revealed something troubling: when asked about their expectations for
    global growth – Is the economy likely to perform similarly to consensus expectations, and if not, will it disappoint or delight – for the first time in at least four years, more than half of respondents responded that a disappointment lies ahead.

Source: zerohedge. com

Why the Trump tax cut may not boost the economy at all

Source: marketwatch.com

  •  reality is that the so-called economic data that the mainstream relies upon is ‘soft’ survey-based perceptions skewed by ‘hope’ and ‘expectations’, and while that is rising once again, ‘hard’ real economic data continues to languish awkwardly unchanged from the start of President Trump’s reign..

  •   markets are trading like the next recession is drawing closer.
  • Bloomberg’s markets recession model, which translates how various asset classes are trading into recession probabilities, now flags the next recession to take place in 12-24 months. More importantly, the start of the recession is more likely to be in the next 12 months rather than in two years.

Source: zerohedge.com


Political/Rights

 
  • President Trump is on his way to Brussels to demand that America’s NATO allies contribute more money to the international alliance. But in a tweet Tuesday morning, the president revealed that he’d heard  that  – agent Peter Strzok and FBI lawyer Lisa Page – are getting “cold feet” over their decision to testify before Congress. Strzok is supposed to testify publicly before the House Judiciary Committee on Wednesday, according to his lawyer Aitan Goelmnan. Meanwhile, Page was reportedly scheduled to appear Wednesday for a closed-door session on Capitol Hill – though her lawyer told Politico that nothing has been finalized.

Strzok

  • We now wait for word from Strzok and Page (or their lawyers) about their plans to testify. Strzok has already met with lawmakers behind closed doors, but has previously delayed a public hearing.

Source: zerohedge.com

Judicial Watch: New HHS Documents Reveal that ‘Unaccompanied Alien Children’ Processed During Obama Years Included Violent Criminals, Drug Smugglers, and Human Traffickers

  •  Judicial Watch today released 224 pages of documents containing nearly 1,000 summaries of Significant Incident Reports (SIRs) from the U.S. Department of Health and Human Services (HHS)  revealing that “Unaccompanied Alien Children” (UAC) processed during the Obama administration included admitted murderers, rapists, drug smugglers, prostitutes, and human traffickers.
  • The documents, from the HHS Administration for Children and Families reported to the Office of Refugee Resettlement (ORR), are for the approximate six-month period May to November 2014. They were produced to Judicial Watch after a three-year delay in response to a November 12, 2014, Freedom of Information Act (FOIA) request seeking:
  • The resulting documents show that, in fiscal year 2014, there were 24,680 Significant Incident Reports filed with Office of Refugee Resettlement.
  • Examples of incident reports below are organized into four general categories:
  1. UACs admitting to murder, belonging to MS-13, threatening others with rape, admitting to drug smuggling, molesting other UACs and seriously assaulting other UACs or staff;
  2. UACs who were raped and/or molested en route to the United States or in the United States;
  3. U.S. Government contractors and employees allegedly assaulting or having sexual relationships with UACs; and
  4. Other incidents, crimes, abuse and self-harm.
  • “The Obama administration presided over a humanitarian and public safety nightmare in its handling of ‘unaccompanied alien children,’” said Judicial Watch President Tom Fitton. “The incident reports also support the Trump administration’s contention that the UAC crisis, which continues, includes murderers, rapists, drug smugglers and human traffickers being routinely allowed into the United States.”
  • Judicial Watch began investigating this matter in 2014 when a wave of “Unaccompanied Alien Children” swamped the southwest border. At that time, the controversial HHS contract with Baptist Children and Family Services to provide shelter to children at two military facilities came to light. Through that investigation, Judicial Watch learned that BCFS was providing consumer electronics as “essential” items to the children. Since that time, Judicial Watch has been investigating incidents of violence, drug trafficking, human trafficking, and other criminal activities, as well as whether innocent children were being abused while in U.S. shelters.

Source: judicialwatch.org

General Flynn, Tom Fitton Of Judicial watch said the following


Geopolitical/Police State

  • Mexican President-elect  intends to create a new border-police force to fight illegal immigration, drug trafficking, and illicit firearms trafficking from Central America,
  •   the new border-police force would be part of a much larger regional effort to reduce poverty and violence that plagues so many Central American countries, which ultimately leads to a flood of families crossing into Mexico. He said the new police force will be sizeable and deployed to Mexico’s southern border.
  • The new president will be securing the country’s southern border while avoiding the sharp criticism he has scrutinized Trump for.

 By shutting down the southern border it will slow the number of illegals headed to the US

Image result for beast train

Source: zerohedge.com


War

Syrian War Report – July 10, 2018: Government Forces Liberated All Border Points South Of Daraa

  • I the Syrian Arab Army (SAA), assisted by the Russian Military Police, retook all militant positions on the Syrian-Jordanian border south of the city of Daraa. So, the SAA fully encircled the remaining militant positions in and near the city.
  • On July 10, Russian-backed negotiations between the Damascus government and militants in the area continued. However, if militant groups continue refusing to surrender, they will face military action, which they will find hard to contain.
  • Thus, despite hysteria in the mainstream media and multiple anti-Russian and anti-government statements by representatives of the so-called moderate opposition, they have few options and little time to decide.
  • The only chunk of the Jordanian-Syrian border in the province of Daraa which remains in the hands of militants is the ISIS-held area east of the Israeli-occupied Golan Heights.  l

Source: southfront.org

Israeli Defense Minister Says Tel Aviv Does Not Exclude Re-Establishment Of Some Ties With Syrian Government

  • Israeli folds, the country   does not rule out re-establishing some ties with the “Assad regime” in the future.

Source: southfront.org

  • However, Israeli media has this week highlighted statements by a top Islamic Revolutionary Guard Corps (IRGC) commander that suggests further open hostilities between Israel, Syria, and pro-Iranian forces could break out at any moment as the IRGC has vowed to “break” Israel’s presence, especially along the Golan. 
  • Ahead of a summit between Israeli Prime Minister Benjamin Netanyahu and Russian President Vladimir Putin set to be held Wednesday (July 11) in Moscow, Netanyahu reiterated what will likely be a key demand as he meets face to face with Putin: “We will not tolerate the establishment of a military presence by Iran and its proxies anywhere in Syria – not close to the border and not far away from it,” he told r

Source: zerohedge.com