The Old Wag The Dog Distraction Being Used On The Cabal, But Why? – Episode 1466

The Old Wag The Dog Distraction Being Used On The Cabal, But Why?
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GoPro is cutting 250 employees. Regis closing 600 salons in Walmart. The American people believe the economy is improving and they are charging like crazy as their personal savings declines. Retail is a lot worse than we are being told, there are stores that are quietly closing down in malls.Pensions are in trouble, if rates go up or down, it doesn’t matter its all bad. Global debt has hit a new high. The economy is now being prepped for the transition. The Trump administration is using the old wag the dog trick to distract the corporate media and the cabal from what is really going on. The fake government case against the Bundy’s is now a mistrial. The cabal is in trouble, the Pakistan terror routes are being shutdown, the IS is trapped the poppy fields are being shutdown and the puppet government might not make it. The world has spoken and shot down the US push to interfere with Iran’s internal problems.

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Current News – 01.08.2018


GoPro cuts over 250 jobs and reduces its CEO’s cash pay to $1 in huge restructuring plan (GPRO)

  • GoPro is cutting more than 250 jobs and leaving the drone industry in an attempt to return to profitability by the second half of this year.
  • In its preliminary fourth-quarter results released Monday, the maker of action cameras said it was reducing its global workforce to fewer than 1,000 employees from 1,254.


Regis closing 600 salons in Walmarts…

  • Regis Corp. plans to close about 600 company owned underperforming SmartSyle Salons inside Walmart stores at the end of January.


  • It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.”
  • And now we have confirmation that this is precisely what happened, because in the month of November, between revolving, or credit card, and non-revolving debt, largely student and auto loans, according to the latest Fed data, total consumer debt rose by $28 billion, or the most since November 2001, to $3.827 trillion, an annualized increase of 8.8%, or roughly 4 times faster than the pace of overall GDP growth.
  • Broken down, consumer credit rose by $11.2 billion in revolving credit, or credit card debt, which pushed it a record $1.023 trillion, the highest credit card amount outstanding on record. This was also the second highest monthly increase in credit card debt on record.


Meanwhile, non-revolving credit – or auto and student loans – rose by $16.8 trillion to $2.805 trillion. Nonrevolving lending to consumers by the Federal government, which is mainly student loans, rose to $1.142t, on a non-seasonally adjusted basis.

  Personal savings rate dropped to 2.9%, the lowest since November 2007.


  •  a new report from property-research firm Green Street Advisors, which analyzed 950 mall locations over 2017, 230 of which were collateralized within commercial mortgage-backed securities (CMBS) loans, the financial troubles for American mall owners might be even worse than feared due to organic tenant losses from lease expirations. 
  •   to put the mall economic model into perspective, Green Street points out that while massive department store closures tend to dominate headlines, they represent a very small portion of mall income.  The real financial losses for mall owners come via the ancillary traffic impact on national and regional tenants which pay of the majority of mall lease income.

In-line tenants therefore have an outsized impact on mall NOI, and their performance offers a preferred indicator of mall health. With shorter lease terms and a higher rent burden, many tenants are making decisions in real time within each mall. The best in-line tenants to track are the ~300 national tenants who have at least 50 mall locations nationwide and are constantly judging the performance and cost of occupying space within any given mall.


  • That said, Green Street says the far more pressing issue for mall investors is to analyze which stores are quietly shrinking their mall footprints organically by simply choosing to forego lease renewals.

  roughly 70% of the 950 malls studied experienced a decrease in national retailer in-line tenants. Second, while the average amount of net closures increased materially at lower-quality malls, there was a wide dispersion of net closures impacting malls across the quality spectrum. Third, while half of the top 25 net closing retailers have publicly announced store closures, the other half are closing relatively quietly and thus present significant risk to the sector.


  • Meanwhile, even though lower quality malls are bearing the brunt of store closures, Green Street notes that A-grade malls are also experiencing significant closures as well. 


  • The brewing pension crisis has been well-documented by a number of platforms and pundits over the past few years. But there are two charts that put it into perspective for investors who find themselves in the same boat as pension managers looking for returns in a world nearly devoid of them.
  • The average pension fund assumes it can achieve a 7.6% rate of return on its assets in the future.  in order for pensions to meet this 7.6% rate of return they require that stocks (and, to a much lesser degree, alternatives) do far better than even that optimistic assumption because the balance of the portfolio is nearly guaranteed to fall short of that mark.
  • The trouble is that for stocks to return anywhere near 8% they would need to fall more than 50% first.
  • Currently, the index trades at roughly 2,690 thus it would take a major stock market crash for investors to have the opportunity to invest at a level that would enable them to achieve anything close to what pensions now require. But if stocks were to crash again, as they did after the last two times valuations reached current extremes, that would obviously create other problems for pensions that are now fully invested in risk assets and already underfunded to the tune of several trillion dollars. Even if they don’t crash, however, it is now almost inevitable that pensions will face a massive crisis sometime over the next decade or so.


  •   according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a new all time high of $217 trillion, over 327% of global GDP, and up $50 trillion over the past decade.

  • Six months later, on January 4, 2018, the IIF has released its latest global debt analysis, which reported that global debt rose to a record $233 trillion at the end of Q3 of 2017 between $63Tn in government, $58Tn in financial, $68TN in non-financial and $44Tn in household sectors, an total increase of $16 trillion increase in just 9 months.


  • According to the IIF, private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey.


  • If the big corporate tax cut is all there is to the Trump Administration’s economic policy, then the President and the nation are facing an oncoming financial crash, and another so-called “Great Recession” much worse than the last. The huge corporate debt and stock bubble already created with central bank free money for a decade, now surrounded by what analysts are calling the “everything bubble” of other exploding debt categories, cannot stand the smallest coming interest rate increases. Corporate tax cuts will not save it, but only blow it up faster until it explodes. The Wall Street and London megabanks are scrambling out of this debt by securitizing it — packaging and selling it on — knowing it is not payable. U.S. banks’ securitization of debt — corporate junk, auto and credit card debt, student debt, etc. — has grown by $1.1 trillion or 25% just during 2017.
  •   This weekend’s Camp David Presidential meeting with Republican leadership, supposed to be centered on a $1 trillion infrastructure plan, appears to show little discussion and no progress.
  •   a Chinese company backed by a state-owned bank in China is investing in west virginia. Maryland’s governor, carrying out feasibility for a maglev line from Baltimore to Washington, has a $5 billion commitment from Japan. Is there a mystery secret?
  • No, rather there is China’s truly win-win invitation to the United States to join the Belt and Road Initiative of great infrastructure projects; and an increasing “competition” by Japan to use its great infrastructure engineering capacities in and for other countries, in some cases with China. For building advanced nuclear reactors, Russia and South Korea are doing the same thing.



Steve Bannon apologizes to Trump family, then mocks Paul Manafort and “duplicitous, cunning” Russians

  • Former Trump Chief Strategist Steve Bannon issued a statement Sunday on the “Fire and Fury” controversy.


  • After declaring a mistrial just weeks ago amid  ‘epic corruption’, a U.S. judge on Monday dismissed the criminal case against Nevada rancher Cliven Bundy and three other men on charges stemming from an armed 2014 standoff with federal law enforcement officers over a cattle grazing rights dispute.
  • As reported three weeks agos, Navarro cited five key pieces of information that prosecutors did not disclose: records about surveillance and snipers at the Bundy Ranch; unredacted FBI logs about activity at the ranch in the days around the standoff; threat assessments about the Bundys dating to 2012; and internal affairs reports about the BLM.

Navarro methodically laid out her reasoning for about an hour, citing legal standards and case law, before delivering her ruling.

She said the evidence that was withheld could have been favorable to the accused and could have affected the outcome of the case.

Navarro stopped short of dismissing charges against the four men. It is unclear whether the case will be retried because Navarro did not rule whether the mistrial was with or without prejudice.

  • Navarro is considering dismissing the case “with prejudice” and blocking prosecutors from retrying the case. Her decision will come Jan. 8, according to The New York Times.



North Korea: The Deafening Silence around the Moon-Putin Plan

  • The Moon-Putin Plan: One Possible Path To Peace
  • One could be forgiven for not having heard of it since it disrupts the standard “North-Korea-Problem” narrative, but there is a realistic solution to the crisis that liberal and progressive appeasers are keeping silent aboutthe Moon-Putin Plan unveiled  . President Moon outlined it as nine “bridges” of cooperation linking South Korea to Russia via North Korea—“gas, railroads, ports, electricity, a northern sea route, shipbuilding, jobs, agriculture, and fisheries.” Siberian oil and gas pipelines would be extended to Korea, both North and South, as well as to Japan. Both Koreas would be linked up with the vast rail networks of Beijing’s Belt and Road Initiative, including high-speed rail, and the Eurasian Economic Union, which includes the Trans-Siberian Railway. In the words   “North Korea would accept the security guarantee of the five (Japan included), refrain from any further nuclear or missile testing, shelve (‘freeze’) its existing programs and gain its longed for ‘normalization’ in the form of incorporation in regional groupings, the lifting of sanctions and normalized relations with its neighbour states, without surrender.” This Moon-Putin Plan has the potential to satisfy all the states involved,  even the US.
  • Parts of the plan has changed, allow NK to become a nuclear power inspected by the IAEA. Have NK and SK begin the peace talk, bring in the US to make it look like NK made the first move and the rest of the countries will join in later including the US


The Pakistan Problem

  •  the Trump administration announced that it was suspending most of its security aid to Pakistan and putting the country on a watch list for its violations of religious freedom. This comes after the United States had already delayed State Department funding to the country. America increased the number of troops in Pakistan’s neighbor, Afghanistan, a decision that would appear to run counter to Trump decision, given that the United States relies on Pakistani supply routes and military assistance in that conflict. These routes are also used by the IS other terrorist factions.
  • Pakistan  has played a so-called “double game,” continuing to support Taliban factions—Pakistan was the crucial, initial supporter of the Taliban before 9/11  . The fact that this policy has backfired on the Pakistani people, who have suffered extremely heavy losses due to terrorism since 9/11, has not severely affected the calculations of the country’s de facto military rulers, who have long received support from the United States.


  • The United States has a long history of interfering in the affairs of Iran. And the recent week-long riots in the Islamic Republic provided a fresh opportunity for Washington to once again exhibit its desire to meddle in the country’s affairs. Upon America’s request, the UN Security Council held an emergency meeting on Friday to discuss the unrest in Iran. And these specific comments could have amounted to an instance of meddling in the affairs of any given country.  Despite America’s struggles, the outcome of the Security Council meeting was not what Washington may have had desired. The majority of the participating countries made it clear through their votes that they are not following America’s line in seeking any form of intervention in Iran’s internal affairs.