UMich consumer confidence tumbles as people are starting to wake and are now realizing the economy is in bad shape. Job openings tumble, we have seen this indicator before, the job hires are rolling over and each time we have seen this we head right into a recession. JPMorgan charge offs are rising quickly. Subprime mortgages are back, they renamed them so you don’t realize that its the same. Trump mentioned the TPP, he is looking into creating something like the TPP but it will be written, it will be used to join the OBOR. Trump send Mueller a message and pardons Scooter Libby . Intelligence community is now trying to convince the public that NK is developing a new kind of malware. Russia says that it has evidence that it was the UK that staged the false flag in Syria. The paid mercenary army was instructed to attack once the US bombed Syria. European countries are backing out of the fight with Syria, they want evidence. The OPCW inspectors have been issued visas to Syria. Mattis says there is not real evidence that Assad used chemical weapons on his own people. Trump has an exit strategy in Syria, the plan is in motion, strike force on its way.
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 – 04.13.2018
- While UMich rose to a 14-year high in March, it was the “poor” that thrived while the “rich” were less confident. April’s preliminary print showed that weakness spreading as the headline sentiment index tumbled from 101.4 to 97.8 (missing 100.4 expectations).
- Fewer households reported recent net income gains in early April than March (22%, down from 34%),
- Uncertainty surrounding the evolving trade policy has caused many small (and at times inconsistent) changes in expectations.
- Negative economic developments were reported more frequently than positive economic changes for the first time since last July.
- One month after the BLS reported that according to last month’s JOLTS survey, the number of job openings soared from 5.667 million, a six-month low which spooked analysts into wondering if the labor market is peaking, to 6.312 million, a 645,000 monthly increase and the second biggest monthly jump on record, the latest, just released JOLTS report predictably showed a sharp contraction, as the number of job openings dropped from a downward revised 6.228 million to 6.024 million, a drop of 176K, as the series becomes increasingly volatile.
- The job openings rate dropped from 4% to 3.9%,
- It wasn’t just job openings that dropped: total hires declined as well, sliding from a revised 5.574 million in January to 5.507 million in
Putting all this in in context
- Job openings have increased since a low in July 2009. They returned to the prerecession level in March 2014 and surpassed the prerecession peak in August 2014. There were 6.1 million open jobs on the last business day of February 2018.
- Hires have increased since a low in June 2009 and have surpassed prerecession levels. In February 2018, there were 5.5 million hires.
- At the end of the most recent recession in June 2009, there were 1.2 million more hires throughout the month than there were job openings on the last business day of the month. In February 2018, there were 545,000 fewer hires than job openings.
- JPM’s net credit card chargeoffs have been steadily rising, passing $1 billion as of Q2 2017, and as of Q1 2018 were at $1.17BN, back to levels last seen in June 2012 or nearly 6 years ago, suggesting that contrary to Jamie Dimon’s commentary, the US consumer is not doing all that hot after all.
- Why is this notable? Because as we discussed recently, using the S&P/Experian Bandcard Default Index, “Credit Card defaults has surged the most since the financial crisis” and looking at the JPM numbers, while there has been a modest improvement, the trend underscores that the key driver of the US economy is starting to get increasingly more stretched.
- Is it time to start worrying about the spending capacity of the US consumer?
- The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market.
- Carrington Mortgage is now offering mortgages to borrowers with “less-than-perfect credit.”
- Demand from both borrowers and investors is exceeding expectations.
- President Donald Trump clarified his desire to rejoin the Trans-Pacific Partnership (TPP), after telling members of Congress from agricultural states that he would do it.
- The news infuriated labor unions and many working-class supporters of the president.
- “TPP was killed because it failed America’s workers and it should remain dead,” AFL-CIO president Richard Trumka told Trump on Twitter. “There is no conceivable way to revive it without totally betraying working people.”
- Trump clarified that he would continue to seek bilateral trade deals with the TPP nations, and specifically called out unfair trade practices with Japan.
- “We already have BILATERAL deals with six of the eleven nations in TPP, and are working to make a deal with the biggest of those nations, Japan, who has hit us hard on trade for years!” he wrote.
- Obama, Clinton TPP was to inhibit China’s economic dominance
- The TPP’s goal is to serve as the foundation for the much larger Free Trade Area of the Asia-Pacific, which would not only include the United States but all APEC member states including China and Russia.
- The TPP would be the engine fueling the drive toward a future unified Asia Pacific regional bloc, in which the United States would be relegated to a subordinate member state, with China, Russia at the helm.
- President Donald Trump’s reported consideration to pardon former George W. Bush staffer Scooter Libby may be sending a message to both special counsel Robert Mueller and former FBI Director James Comey.
- Libby was himself unfairly targeted by special counsel Patrick Fitzgerald who was coincidentally appointed by James Comey in 2003 to investigate the leak of the name of then CIA employee Valarie Plame. Libby was later prosecuted and convicted of lying, despite findings that he himself was not responsible for leaking Plame’s identity.
- “False testimony was coerced by Jim Comey’s friend Patrick Fitzgerald and Comey was part of the team to destroy the vice president of the United States and it didn’t happen,” “
- some say he was railroaded largely because of his association with the Bush White House, and the involvement of Comey is striking in its parallel to the ongoing investigation by special counsel Robert Mueller.
- Trump has repeatedly characterized the sprawling investigation as a “witch hunt” and noted that the raid on his personal lawyers office was “an attack on our country.” White House press secretary Sarah Huckabee Sanders explained to reporters previously that the president views inquiries into matters outside of anything to do with the Russia investigation as the witch hunt element of the Mueller probe.
- Documents obtained by Foreign Policy from the Department of Homeland Security issued in December last year indicate that “advanced persistent threat actors” are using “newly discovered destructive malware that shares a number of similarities to the destructive malware” used in previous cyber attacks.
- “This is the first known instance since 2014 that North Korea-tied destructive malware has been seen,” the report states.
- In 2014, the regime was alleged to have conducted a cyber attack on Sony Entertainment after the release of the action comedy film The Interview which told the story of two journalists sent to North Korea to assassinate dictator Kim Jong-un.
- The report says that although it is not certain that Pyongyang is behind the new strand of malware, the malware’s technical similarity “makes it very likely.”
- Moscow has “irrefutable” data that the incident in Douma, Syria was staged by the intelligence services of a foreign state pushing a “Russophobic campaign,” Russian Foreign Minister Sergey Lavrov stated.”
- UK was confirmed shortly after, when Russia’s defense ministry alleged that Britain was involved in the suspected chemical attack. According to defense ministry spokesman, Major General Igor Konashenkov, the Kremlin has evidence that Britain was behind the attack.
- “The Russian Defense Ministry also has evidence that Britain had a direct involvement in arranging this provocation in Eastern Ghouta,” the general added, referring to the neighborhood of which Douma is part. “We know for certain that between April 3 and April 6 the so-called White Helmets were seriously pressured from London to speed up the provocation that they were preparing.”
- Moscow has information that militants were ordered to launch an offensive in Syria after Washington’s possible military action in the country, according to the envoy.
“Germany will not take part in possible – there have not been any decisions yet, I want to stress that – military action,”
- Italian Prime Minister had noted in a series of Syria-related phone talks that Rome would not take part in military action against Syrian President Bashar Assad’s government.
Greece said it would take part, cyprus said the samething
- REmember The Syrian government surrendered its stockpiles of chemical weapons during a process monitored by the OPCW in 2014.
- Sweden has prepared a new draft UN Security Council resolution on Syria, investigative mechanism and an international mission that would look into reports of chemical stockpiles held by Damascus
- He said the proposed resolution expresses support for the OPCW Fact-Finding Mission, which is currently heading to Syria to investigate claims of a chemical incident in the city of Douma on the outskirts of Damascus.
- In addition, UN Secretary General Antonio Guterres will be tasked with mediating talks of UN Security Council members on creating “an impartial mechanism for attribution of guilt and responsibility and accountability” for the use of chemical weapons during the Syrian conflict.
- The draft also envisages sending a “high level disarmament mission” to Syria that would “immediately just go to Syria and try to sort out all these disarmament issues once and for all and very quickly.”
- Permanent Representative of the Syrian Arab Republic to the UN Bashar Jaafari confirmed that visas were granted to four OPCW experts to travel to Syria as he spoke in New York on Thursday.
- Jaafari added: “We will facilitate the arrival of the team to anywhere they want in Douma to check whether or not there was use of chemical substances.”
- The Syrian representative also stressed that it is time to ‘digest and metabolise’ the fact that Syria had not used ‘any chemical substances’ against its own people.
- Syria officially grants visas to four OPCW experts to examine Douma attack
- The Organization for the Prohibition of Chemical Weapons (OPCW) said on Thursday it would not disclose details of its experts’ work in Syria for security reasons.
Russia, Syria to protect OPCW experts during their enquiry in Douma — Russia’s UN envoy
- “We are unable to share operational details. This policy exists to preserve the integrity of the investigatory process and its results as well as to ensure the safety and security of OPCW experts and personnel involved,” the OPCW Public Affairs said.
- This policy applies to dates of the experts’ arrival and departure, their numbers, routes and actions.
- “All parties are asked to respect the confidentiality parameters required for a rigorous and unimpeded investigation,” the organization said.
- The US is “still assessing the intelligence” needed to prove the Assad regime conducted a recent alleged chemical attack in Syria, Defense Secretary James Mattis said Wednesday.
- Secretary of Defense James Mattis told lawmakers in the US Thursday that the Pentagon does not have any evidence that chlorine or sarin were used in the Syrian city of Douma.
- Mattis went on to say that the majority of the claims were coming from mainstream media reports and social media posts – in other words, the rising tensions between nuclear superpowers over an alleged chemical attack in Syria, inching closer towards World War 3, has been all based on ZERO evidence, only fake media reports.
- Just days after the US deployed its Truman Carrier Strike Group (and 7 warships) to The Mediterranean, The Pentagon reports that
the guided-missile destroyer USS Winston Churchill entered the Navy’s area of operations that includes the Mediterranean
- The Winston S. Churchill departed Naval Station Norfolk April 5, 2018, for what The Pentagon stresses was “a routine deployment.”
- The destroyer, which can carry up to 90 Tomahawk missiles, is in the region “to conduct a routine deployment in support of U.S. maritime security interests, increased regional stability and forward naval presence in the U.S. 6th fleet area of operations,” according to a statement by U.S. Naval Forces Europe-Africa
- As we noted previously, it will take approximately 6-7 days for the Truman Carrier group to cross the Atlantic at 30 knots, plus another 3-4 three days once it arrives in the Mediterranean, to reach Syria, suggesting something might happen after April 22 or so.
The Med is going to get very crowded soon with the Winston Churchill joining the Donald Cook and soon to be joined by the entire Truman Carrier Strike Group… all facing up with at least 11 Russian warships out of Tartus, Syria.
Why did he make the following statement.
tweeting: “Never said when an attack on Syria would take place. Could be very soon or not so soon at all!”
What would Trump strike and what would be the benefit of the strike.
a) Syria has allegedly moved all assets to Russian base
b) Attacking a Russian base would be WWIII, so is this a great option ,no
c) Attacking an empty airfield again, what would be the benefit , they already played out the bombing of Assad chemical weapon cache the last time, it would show it didn’t work
d) Attacking syrian army or russian army would be very difficult because Russia and Syria have surrounded their assets with the s400 missile system, with electronic jamming technology which would bring most of the missiles down. Plus this would start WWIII and Trump would go down as the President who started the war.
So what is Trump planning to attack, not sryia but the deep state
It seems that Trump is waiting for hard evidence, now the evidence might be inconclusive or there might be no evidence that a chemical attack to place or it could show that the terrorists orchestrated this entire false flag,
will he point the finger at the UK, Saudi Arabia or any other country maybe but he will need to be very cautious about doing this.
He has bought some time because the USS Truman strike group will take some time to get there, again it suppose to arrive around April 22 or so
- Is there an exit door available for Trump? Yes, there is. The US Defence Secretary James Mattis said today that the work to assess the intelligence on the alleged use of chemical weapons in Syria’s Douma is still in progress. To quote him, “We’re still assessing the intelligence – ourselves and our allies. We’re still working on this.” Mattis said this when asked pointedly whether there is sufficient evidence to accuse the Syrian government of using chemical agents in Douma.
- Indeed, if the Russian general’s assessment of a false flag operation is upheld, Trump might heave a sigh of relief. After all, if there was no chemical attack, why should there be retribution?
Once the report is in and it shows Assad didn’t do it, there was never a chemical attack or its inconclusive he can withdraw the troops, remember the deep state needs the troops to protect their paid mercenary assets, Russia, iran and Syria will not attack the terrorist near or in the US bases with US soldiers, once the troops begin withdrawing the deep state army (ISIS, al-qaeda) might attack the troops, Trump might fire back at the terrorists at this time, these might be the targets.