Despite huge layoffs the unemployment claims have decreased steadily and are now the lowest in 42 years. The number of homeless students increased since 2006. Most Americans have less than 1,000 in their savings. Retail report states this holiday season will be a disaster. Deutsche Bank, Credit Suisse and Glencore could be the next Lehman. China launched its Yuan based payment system to go up against SWIFT. TPP is being used to keep China and the BRICS out of trade. The FBI wants everyone’s fingerprints and face data to be downloaded into their database. NATO wants to keep troops in Afghanistan. NATO creating a new drone surveillance fleet to monitor the Mediterranean. US claims Russian missiles crashed in Iran, but there is no evidence such as photos, satellite images or news out of Iran. IS training camps located in Afghanistan, instructors are UK and US speaking individuals. FSA says their fight is against Assad not the IS.
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Current News – 10.08.2015
- Job cuts have already surpassed last year’s total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession… so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows…
- Initial claims dropped 13k this week to 263k – just shy of the lowest levels sicne 1973…
As Job cuts soar…
- One of these is lying...
The third quarter ended with a surge in job cuts, as U.S.-based employers announced plans to shed 58,877 in September, a 43 percent increase from the previous month, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.The September total was third largest of the year behind July (105,696) and April (61,582). It was 93 percent higher than the 30,477 planned layoffs announced the same month a year ago.In all, 205,759 job cuts were announced in the third quarter, making it the largest job-cut quarter since the third quarter of 2009, when planned layoffs totaled 240,233.
- The number of homeless students in the country’s classrooms has more than doubled since before the recession, according to recently released federal data.
- There were about 1.4 million homeless students nationwide in the 2013-14 school year, according to the Department of Education, twice as many as there were in the 2006-07 school year, when roughly 680,000 students were homeless.
- U.S. holiday season sales will see slower growth than last year as consumers fret about a potential government shutdown
- The NRF said holiday sales will account for 19 percent of the industry’s $3.2 trillion in annual sales. Many retailers earn an outsized portion of their profits during the holiday.
- Other groups have also forecast slower growth this holiday season, reflecting concerns about the impact of stagnant income growth as well as turmoil in financial markets.
- Consulting firm AlixPartners has forecast 2.8 percent growth this holiday season, compared with growth of 4.4 percent in 2014.
- Two out of three Americans have $1,000 or less in their savings account, if they have one at all, a new survey shows. young people tend to be broke,
- “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddleston, a personal finance columnist for GoBankingRates. “They likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends and family, or even their retirement accounts to cover unexpected expenses.”
62% of Americans Have Under $1,000 in Savings, Survey Finds —>
- One day after Deutsche Bank warned of a massive $7 billion loss and the potential elimination of the bank’s dividend ,Switzerland’s second biggest bank after UBS, Credit Suisse, to admit it too needs more cash when moments ago the FT reportedthat the bank is “preparing to launch a substantial capital raising”
- One very large financial institution that appears to be in serious trouble with these financial weapons of mass destruction is Glencore. At one time Glencore was considered to be the 10th largest company on the entire planet, but now it appears to be coming apart at the seams, and a great deal of their trouble seems to be tied to derivatives.
- Something occurred in the banking system in September that required a massive reverse repo operation in order to force the largest ever Treasury collateral injection into the repo market. Ordinarily the Fed might engage in routine reverse repos as a means of managing the Fed funds rate. However, there have been sudden spikes up in the amount of reverse repos that tend to correspond the some kind of crisis – the obvious one being the de facto collapse of the financial system in 2008:
- What in the world could possibly cause a spike of that magnitude?
- What’s even more interesting is that the spike-up in reverse repos occurred at the same time – September 16 – that the stock market embarked on an 8-day cliff dive, with the S&P 500 falling 6% in that time period. You’ll note that this is around the same time that a crash in Glencore stock and bonds began.
- Back in 2008, Lehman Brothers was not “perfectly fine” one day and then suddenly collapsed the next. There were problems brewing under the surface well in advance.
- Well, the same thing is happening now at banking giants such as Deutsche Bank, and at commodity trading firms such as Glencore, and The Noble Group.
- China launched the first phase of its China International Payment System (CIPS) in Shanghai on Thursday, allowing cross-border transactions in the Chinese national currency, the yuan.
- CIPS’ first phase provides clearing and settlement services, according to the People’s Bank of China announcement. Its launch is said to remove hurdles to the yuan’s internationalization by reducing transaction costs and processing times.
- Up to 19 major banks were named as direct participants in CIPS, with 38 Chinese banks and up to 140 foreign financial institutions named as indirect participants.
- CIPS is vying to overtake SWIFT in the region. Developed and administered by the People’s Bank,
- Another direct participant, Standard Chartered Bank said it had also cleared its first transaction with the Swedish home furnishing retailer IKEA through CIPS.
- The Federal Bureau of Investigation (FBI) is envisioning a future in which its agents would be able to use small handheld devices to collect fingerprints and photographs in the field and add them to a massive biometrics database.
- If the Bureau gets its way, that future is not too far off — it has already taken major steps this year to make it a reality.
- the FBI is soliciting bids for the development of software that would enable agents to collect fingerprints and pictures of people they encounter. The prints and images could then be compared to the Bureau’s massive biometrics database.
- As the Electronic Frontier Foundation (EFF) points out, the plans seem to expand the FBI’s “RISC” program. RISC stands for Repository for Individuals of Special Concern. It allows field agents to compare the biometric information of suspects with the information on their database.
- Ostensibly, this is part of the federal government’s fight against terrorism. However, like so many tools initially intended for that purpose, it looks as though RISC is also being
- As EFF points out:
- “Photographs taken in the field are clearly not ‘mug shot photos’ because they’re taken before booking and possibly even before arrest. And it’s hard to see how a mobile tool that allows officers to collect these non-mug shot photos and ‘submit’ them to a database is not also ‘populating the national repository.’ ”
- The EFF states:
- “This is not OK. The government should not collect information on Americans for anon-criminal purpose and then use that same information for criminal purposes — in effect submitting the data of Americans with no ties to the criminal justice system to thousands of criminal searches every day. This violates our democratic ideals and our societal belief that we should not treat people as criminals until they are proven guilty.”
- The draft National Defense Authorization Act for the 2016 Fiscal Year approved by the US Senate provides military assistance to Ukraine goes against the Minsk Agreements,
- On October 7, the US Senate approved the draft on defense spending in 2016 fiscal year that allows the Pentagon to provide $300 million to Kiev in military assistance. Under the bill, Ukrainian military can receive not only intelligence data, but also anti-tank weapons, mortars, grenade launchers, small arms, radars, surveillance systems and so on.
- it looks like the US ‘keep in the back pocket’ the military resolution of the Ukrainian crisis,“
- NATO troops may need to stay in Afghanistan for a longer period and any decision should be based on the situation on the ground,
- Defense ministers meeting in Brussels discussed a timetable for the mission significantly beyond 2016, a NATO source said.
- “The United States government believes North Korea has the capability to launch a nuclear weapon against the U.S. homeland and stands ready to defend itself against any such attacks,” a high-level U.S. military official said on Wednesday.
- Admiral Bill Gortney, Commander of U.S. Northern Command and the North American Aerospace Defence Command, said he agreed with U.S. intelligence assessments that North Korea had nuclear weapons, as well as the ability to miniaturise them and put them on a rocket that could reach the U.S.
- The United States is expected to sail warships close to China’s artificial islands in the South China Sea within the next two weeks to signal it does not recognize Chinese territorial claims over the area
- The White House declined to comment on potential classified naval operations. The U.S. State Department and Pentagon did not immediately respond to requests for comment on the report.
- Britain will station “a small number” of troops in the Baltic in a show of force amid tensions between the West and Russia, the country’s defense minister, Michael Fallon, has revealed.
- NATO plans to boost its Response Force, the alliance’s secretary-general, Jens Stoltenberg, said, adding that two more headquarters are to be created in Eastern Europe, in Hungary and Slovakia..
- The alliance will also “give final approval to the military concept” for the NATO Response Force to make it“bigger, faster and more capable”, Stoltenberg said after the defense ministers’ meeting.
- A new NATO drone surveillance force to monitor the alliance’s tumultuous southern flank region will be based in a Air Base in Italy next year, US Defense Secretary Ashton Carter said on Wednesday.
- “The AGS [Alliance Ground Surveillance] consists of five Global Hawk remotely piloted aircraft and command-and-control base stations. NATO will operate and maintain the system on behalf of its 28 allies, five of whom acquired the system for the alliance,”
- The new drone system “will provide NATO with transformational intelligence, surveillance and reconnaissance assets that will benefit all allies, including those here in the southern flank,”
- To combat Islamic militants the White House says threaten national interests, the U.S. has spent nearly $100 billion to arm and train foreign militaries across the Middle East, North Africa and South Asia,
- A video of what is claimed to be Russian cruise missiles flying by has been published by a social media account related to the Iraqi Kurd militia Peshmerga. Russia fired 26 missiles against ISIS targets in Syria from the Caspian Sea
- The clip allegedly shows two cruise missiles as they travel at low speed and altitude. It was not immediately clear exactly where the video was shot.
- One day after widespread media reports about Russia using cruise missiles to attack ISIS from ships in the Caspian Sea, US media outlets are reporting that US officials say some of the missiles failed en route and slammed into Iran. They further claimed “there may be casualties.”
- however, there has been no report in the Iranian media of any of these missile crashes, nor indeed has any Russian outlet reported any of the missiles failing There were thus no actual media reports suggesting damage or casualties in Iran, nor indeed any missile crashes at all.
- No images, no satellite images from the US.
- NATO said it was prepared to send troops to Turkey to defend its ally
- “NATO is ready and able to defend all allies, including Turkey against any threats,” NATO’s Secretary-General Jens Stoltenberg
- “NATO has already responded by increasing our capacity, our ability, our preparedness to deploy forces including to the south, including in Turkey,”
- The defence ministers of NATO are scheduled to meet Today in Brussels
- A leading Syrian rebel commander said on Wednesday it was illogical to suggest the Free Syrian Army (FSA) could join forces with Damascus to fight Islamic State, after the Russian president said his French counterpart had tabled the idea.
- Syria would allow Russian military bases on its territory, but Moscow has not as yet requested permission,
- The United States’ refusal to share reconnaissance data on Syria with Russia raises questions in regard to whose side the United States is on, Russian Deputy Foreign Minister said
- The Russian Defense Ministry is holding an international forum on Afghanistan on October 8-9, in an effort to boost security and stability in the country, which is threatened by Islamic State (ISIL)
- Islamic State is training militants in Afghanistan as part of its efforts to expand into Central Asia, a senior Russian diplomat told a security conference in Moscow. He added that US and UK passport holders are among the instructors.
“There are several camps operated by [Islamic State, previously ISIS/ISIL, in Afghanistan] that train people from Central Asia and some regions of Russia.
- He added that there is a wide national variety of instructors in those camps. There are Arabs, Pakistanis and even people with US and British citizenship, he said.
- Russian officials accused Washington of orchestrating the deterioration of security in Afghanistan and the expansion of Islamic State there.
“It seems like someone’s hand is pushing freshly trained ISIL fighters to mass along Afghanistan’s northern border.
- According to Martin Armstrong, we hit a major tipping point on October 1st,
- Armstrong’s war cycle models are converging, suggesting that not only will we see an expansion of international conflicts, but civil unrest will begin to spread precipitously.
- The unleashing of Russian firepower in Syria in support of the Syrian government came precisely on the day of the Economic Confidence Model.
- (1) civil unrest that leads to revolution, and (2) international war. stand up and take economic hits to impose costs.”
- With this turning point on the ECM (2015.75) marking the precise day when Russia began actively bombing Syria to defend its allied government, even sending in troops, should be of great concern in the form of a warning sign with red lights that blink.Russia’s bombings have captured the headlines; the press claims that Russia is attacking civilians but has not mentioned that these civilians are rebels trying to overthrow the government that Obama supported. The press is misrepresenting what is taking place.
- There are also reports that China has entered the game by sending in troops to Syria. Obama is creating a threat of world war as Russia and China are now in alignment in Syria and both are opposed to U.S. policy.
- This is turning into a direct confrontation between the three leading powers in the Middle East.
- The other side of 2015.75 will be a lot more serious than many suspect. This concentration of confidence in government marks the peak — from here on out, this will not be a video game — this is real.
- Experts agree that an all out cyber attack, beginning with an EMP (electromagnetic pulse) attack on our electronic infrastructure, would wipe out 90% of the human population of this country within two years of the attack. That means the death of 270 million people within 24 months after the attack.
What would a successful EMP attack look like? The EMP Commission, in 2008, estimated that within 12 months of a nationwide blackout, up to 90% of the U.S. population could possibly perish from starvation, disease and societal breakdown.
- But there are others in the government that are very, very concerned about this threat. For example, NORAD recently moved back into Cheyenne Mountain, and the potential for an EMP attack was given as the primary reason for the move…
“Destroy nine interconnection substations and a transformer manufacturer and the entire United States grid would be down for at least 18 months, probably longer.”