Dubai will start using the blockchain technology for 50% of its transactions, China is embracing the blockchain, the world is now moving towards the blockchain away from the central bank. Housing is declining rapidly, pending, existing and new home sales all decline.Mortgage and refinancing applications implode as rates move up. The agenda, crash the economy by using tariffs, this is the only way out of the central banking system. Deutsche bank might the catalyst that puts the entire economic collapse in motion. Iran and India have now made a deal to bypass the dollar when purchasing oil. Pompeo meets the North Korean envoy as they prepare for the June 12 summit. US General says the Afghanistan government and the Taliban are in secret peace talks. China and Russia will hold joint military drills. Assad says he wants the entire country back, Erdogan speaks to Putin, Israel speaks to Putin and Pompeo will speak to Putin. The US is in negotiations to hand back al-tanf base and Syria is looking into asking Iran to leave Syria. All the pieces are falling into place, Lebanon is talks with Syria to have the refugees move back into Syria. Follow the white rabbit, the hole is deep.
Check Out The X22 Report Spotlight YouTube Channel – X22Report Spotlight
Please check Newzsentinel.com for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. If you haven’t already, go to “The People” and join the community of people who are helping each through the economic collapse.
Current News – 05.31.2018
Watch The X22 Report On Video
- it’s expected that Dubai, the capital of the United Arab Emirates, will see half of all its banking transactions be made using blockchain technology by 2021. This according to the UAE’s ruler,
- The Sheikh has stated his intention to bring the Emirates into the 21st century. This news comes as the Emirates undergo a drastic policy of technological modernization called ‘Smart Dubai‘.
- Major names in the cryptocurrency sphere attended a cryptocurrency forum in Dubai. The event involved the discussion of the future applications for cryptocurrency and blockchain within the modern world.
China’s President Xi Says Blockchain Part of New ‘Technological Revolution’
- pending home sales in April tumbled 1.3% MoM (missing expectations of a 0.4% gain – and well below the lowest analysts estimate).
- Signings dropped in three of four regions, led by a 3.2 percent decline in the Midwest; fell 1 percent in the South and 0.4 percent in the West, while sales agreements were unchanged in the Northeast. Pending home sales index for West was lowest since June 2014.
- As the Mortgage Bankers Association reports, mortgage applications decreased 2.9% from one week earlier.
- The Refinance Index decreased 5% from the previous week to its lowest level since December 2000.
And given the recent surge in mortgage rates, it’s about to get a lot worse…
And it appears Homebuilder stocks are starting to pick up those signals – despite, still near cycle high NAHB optimism…
- YoY spending has outpaced incomes, sending the savings rate back down to just 2.8, the lowest since the debt-funded holiday spending spree of December 2017, and just shy of record lows.
- The Commerce Department said spending for gasoline and other energy goods, as well as household utilities, were leading contributors to the monthly increase in real outlays.
- One trade war may be enough to push the struggling global economy into another recession, but the U.S. government has apparently decided that it is time to fight trade wars with pretty much all of the major economies around the world at the same time. This is utter insanity, and it is going to have disastrous consequences that will be felt all over the planet.
- There is more than a trillion dollars worth of trade between the United States and Europe each year,
- So how do you kill the TTIP and NAFTA at the same time, tariffs, they have Have Effectively Killed TTIP And May Collapse NAFTA
- It was already a terrible week for Germany’s largest bank, when the Italian turmoil sent its stock price below €10 for the first time since the bank’s existential crisis in the fall of 2016, and it just got worse this morning, following reports that the Federal Reserve has designated Deutsche Bank U.S. operations to be “troubled condition“
The “troubled condition” status—one of the lowest designations employed by the Fed—has influenced moves by the bank to reduce risk-taking in areas like trading and lending to customers.
- Some additional details on the Fed’s secret rating system known as “CAMELS”
The U.S. system for rating banks is called “CAMELS,” which stands for capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk. A bank’s topline rating, from 1 to 5, takes into account all those categories. The best rating is “1.” Troubled banks are rated either “4” or “5.” Scores aren’t made public.
- Iran and India will soon conduct oil transactions in Rupees according to Iranian officials.
India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the US economic pressure on Tehran,
Under the deal, the payments for oil will be made through India’s state-run UCO Bank, which has no US exposure. The countries are also discussing the barter-like system to avoid US sanctions, Sputnik reports.
- it has been revealed that the Taliban and Afghan government have been secretly negotiating a possible ceasefire.
- all meetings were in secret,
- The general nicholson added that the talks included mid and senior-level Taliban officials.
- North Korean Vice Chairman arrived in New York City on Wednesday, and held his first meeting with Secretary of State Mike Pompeo in the evening. Officials say the two will be meeting for more substantive talks on Thursday.
- The expectation is that the talks will center heavily on reviving the summit between President Trump and Kim Jong-un, which Trump cancelled last week. There have been previous meetings between US and North Korean officials on the matter.
- President Donald Trump has said that a North Korean delegation currently in New York will give him a letter from leader Kim Jong-un. He added that he hopes to meet Kim on June 12, but that more talks must take place first.
- The Chinese and Russian militaries have been getting a lot closer lately, and Chinese diplomats paying visit to Russia have been playing a role in it recently. The topics of talks, held yesterday, between the two nation’s military top brass, involved cooperation on confronting military issues that are perceived as common threats.
- The rebel forces in Al-Quneitra do not appear to be worried about the Syrian Arab Army’s (SAA) upcoming offensive, as they are busy killing one another inside the province.
- Turkish President Tayyip Erdogan will meet in Ankara on Thursday with the Russian President’s special representative for the Syrian settlement Alexander Lavrentiev, RIA Novosti reported.
- The meeting is scheduled for 14.00 Moscow time. It is noted that it will take place in a closed mode for the press.
- Russian President Vladimir Putin discussed the situation in Syria by telephone with Erdogan, the leaders stressed the importance of a political settlement.
- Russian Defence Minister Sergei Shoigu met with his Israeli counterpart Avigdor Lieberman in Moscow on Thursday to discuss the situation around the Syrian-Jordanian border.
- US Secretary of State Mike Pompeo called up his Russian counterpart Sergey Lavrov and discussed better relations with Russia and the conflicts in Syria and Ukraine, the State Department said.
- In the first call to Lavrov that Pompeo has made since he took over as the US top diplomat in April, the two discussed “issues and concerns related to the bilateral relationship, Ukraine, and Syria,”
- According to the Russian Foreign Ministry readout, the two diplomats agreed on the need to work on “overcoming existing differences through professional dialogue in the interests of normalising the atmosphere of Russian-US interaction.” .
- Turkey has announced a new agreement with the US which will involve the pullout of all Kurdish forces from the contested northern Syrian city of Manbij — something which the US State Department disputed as recently as Tuesday.
Turkey and the United States have reached an agreement on a plan for the withdrawal of the Syrian Kurdish YPG militia from Syria’s Manbij, Turkey’s state-run Anadolu news agency said on Wednesday.
Under the terms of the three-step plan, which will become finalized during a visit by Foreign Minister Mevlut Cavusoglu to Washington on June 4, the YPG will withdraw from Manbij 30 days after the deal is signed, Anadolu said.
- Syrian President Bashar al-Assad warned US-backed Kurdish forces he wouldn’t hesitate to use force to retake one-third of the country they currently control.
- Assad also warned that the United States should remove its troops from Syria.
- “The only problem left in Syria is the SDF,” Assad said, referring to the Kurdish-led Syrian Democratic Forces, which spearheaded battles against the Islamic State of Iraq and the Levant (ISIL, also known as ISIS).
- “We’re going to deal with it by two options: the first one we started now opening doors for negotiations, because the majority of them [SDF] are Syrians. Supposedly they like their country, they don’t like to be puppets to any foreigners,” Assad said.
- “If not, we’re going to resort … to liberating those areas by force. It’s our land, it’s our right, and it’s our duty to liberate it, and the Americans should leave. Somehow they’re going to leave,” he added.”They came to Iraq with no legal basis and look what happened to them. They have to learn the lesson. Iraq is no exception and Syria is no exception. People will not accept foreigners in this region any more.”
- The U.S. may possibly handover the Al-Tanf region in southern Syria to the Syrian Arab Army (SAA) and their Russian allies, a military source in Damascus told Al-Masdar News tonight.
- Russia and the U.S. are currently negotiating in Jordan over a potential deal that would give the Syrian Army full control of Tanf in exchange for their troops and allies avoiding a potential conflict with the US-backed Syrian Democratic Forces (SDF) along the eastern bank of the Euphrates River.
- Israel would also be included in this deal, as they would have assurances from Russia regarding the withdrawal of all Iranian elements from their border.
- Syrian President Bashar Assad may be ready to compromise Tehran’s regional ambitions and limit operations in some parts of Syria after recognizing that Iran’s presence complicates an offensive of the Syrian army in the country’s south,
- “Assad’s main goal is to restore the integrity of Syria . If Iran’s involvement hinders this goal, it also contradicts Assad’s interests. If the liberation of the southern Syrian territories on the Israeli border is complicated by the participation of Iranian forces, he may be interested to limit the presence of Iranian troops in the area,“
- ranian forces and Lebanese Hezbollah are preparing to withdraw from the southern Syrian governorates of al-Quneitra and Daraa, the Syrian Observatory for Human Rights (SOHR) reported on May 30.
- The SOHR added that Russia, Jordan and the US are now negotiating a deal that could prevent a military confrontation in southern Syria. The deal will force the Free Syrian Army (FSA) and radical groups to hand over their medium and heavy weapons to the SAA and to withdraw from the Syrian-Jordanian border and the contact line with Israel.
- Lebanon’s General Security Chief, Major General ‘Abbas Ibrahim, stated on Thursday that he has contacted the Syrian government in a bid to begin the repatriation of refugees back to their homeland.
- “Contacts with Syrian authorities are underway in a bid to return thousands of refugees back to their homes. The issue is imminent,” said Ibrahim during the inauguration ceremony of the General Security center in Jdeideh.
- At least 1.5 million Syrian refugees are currently living inside of Lebanon as a result of the ongoing Syrian Conflict, which is entering its eighth year.
Now we know why Soros is in Africa trying to push refugees into Europe, because the refugees in the middle east will be returning to the their home land.