Toys R Us closing 182 stores. Existing home sales decline, service sector declines at the same time. One trader reports that the market is not ready for a trade war and the market might break and decline. Peter Schiff explains how we have reached the end game, the economy is ready to collapse, the system cannot be sustained. The race is real, the central bank does not want to be blamed for a collapsing economy, Trump is using everything the central banks have used to prop up the economy, basically using their manipulation against them. The investigations are real, the information is real, the FBI, Senators and Congress are in trouble, more and more information is coming out each day that show corruption. DOJ is now going after sanctuary cities to hand over their records on the illegals. NSA changes its website and removes honest, integrity and transparency from its website. There is a lot of propaganda being pushed out that the US is getting ready to strike North Korea, why? The cabal is pushing their agenda in Syria trying to get a war started. It looks like a major false flag is in the works, either in Syria, North Korea or in the US. The cabal is running out of time and the truth is making its way in to the public.
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Current News – 01.24.2018
- Going-out-of-business sales will start in February and end in April.
- The closures represent 20% of Toys R Us locations in the US.
- Toys R Us is planning to close up to 182 stores,
- Toys R Us filed for bankruptcy in September.
- December’s housing data kicked off on a dismal note as Existing Home Sales slumped 3.6% MoM (after a 5.6% surge in November, which was revised lower).
- Against expectations of a 1.9% MoM Drop, December’s 3.6% plunge is the biggest since Feb 2017. This drop was made worse by the downward revision of November’s 5.6% surge to 5.1%…
- Services slumping to 9-mo lows
- This shift has sparked weakness overall with the Composite PMI sliding to its lowest since May 2017…signaling GDP growth way below the 3% hopes.
- f Credit Suisse, which writes in a trading note that U.S. pension funds that rebalance monthly – which is most of them – will have to sell more than $12 billion of stocks in the coming days to return to prior asset allocation levels given recent rally in the stock market –
- As a result, CS calculates that funds are expected to sell a sizable $12BN in equities and buy roughly $24BN in fixed income. The amount of selling, CS writes “would be the biggest in at least a year for a month that does not coincide with quarter-end.”
- U.S. pension funds are also expected to be net sellers of international equities due to their similarly strong performance (MSCI EAFE up 6.8% and MSCI EM up 8.7%). We estimate over $9bn of selling in Developed Market equities and $3bn in selling of Emerging Market equities.
- , we expect the significant rotation of assets into fixed income to continue. Our model estimates slightly under $24bn of buying in fixed income securities in total.
As to what forced pension selling of stocks will mean for equities, we may find out in the next few days…
- FX trader Richard Breslow details below, the market is not priced at all for a “hot trade war”
- we’re near the end of the game and unfortunately, Trump’s gonna be the fall guy. This thing is all gonna collapse while he’s president.”
- The tax cuts will give Democrats a reason to blame the collapse all on the Republicans, says Schiff.And we are getting close to this collapse.
- “He [Trump] campaigned and said it [the stock market] was a bubble. It wasn’t his bubble. Now it’s his bubble; that’s the problem. But if he would have said ‘it’s a bubble and it’s going down,’ it wouldn’t have been his fault. Because part of the cure for the economy is deflating these bubbles. It has to be done. Someone has to rip this bandaid off and he was elected to do it.”
“Here’s how it’s gonna go down. So, what’s gonna happen is interest rates are gonna keep rising, commodity prices are gonna keep rising, the dollar’s gonna keep falling, so you’re gonna start to see pick-ups in the official inflation rate. And so, rising consumer prices and rising interest rates are gonna start to be a powerful headwind for the economy because Americans are gonna be spending a lot more money on basic necessities, if they have an adjustable rate mortgage…costs are going up. Credit card debt, auto loans, all this cheap money is gonna be gradually going away and the economy is going to be weakening. And as the economy is weakening, unemployment is gonna start to pick up. Now the Fed is gonna see this. The Fed is gonna see the economy slowing down, and if they continue to raise rates, it will go into recession. Now, that’s better than the alternative.
- during the financial crisis, the federal government bailed out banks it declared “too big to fail.” Fearing their bankruptcy might trigger economic Armageddon, the feds propped them up with taxpayer cash.
- Something similar is happening now at the FBI, with the Washington wagons circling the agency to protect it from charges of corruption. This time, the appropriate tag line is “too big to believe.”
- The White House does not have to approve the release of a currently classified memo assembled within the House of representatives which purports to display extensive abuse of FISA authority within the FBI,
- “We don’t have to approve it. They have the right to de-classify the document,”
- White House press secretary Sarah Huckabee Sanders said of the memo Tuesday the White House supports “full transparency, and we believe that that’s at the House Intel Committee to make that decision at this point.”
- The Trump administration’s battle with so-called sanctuary cities escalated Wednesday when the Department of Justice, under the guidance of Attorney General Jeff Sessions, asked for records from 20 cities and countries, including the country’s three largest, as well as California, Illinois and Oregon.
- The documents would reveal whether law enforcement agencies in these jurisdictions are illegally withholding information from US immigration authorities in violation of federal law, Most sanctuary cities have passed local laws meant to stop municipal law enforcement from sharing an arrestee’s immigration status with ICE.
“If these jurisdictions fail to respond to our request, fail to respond completely or fail to respond in a timely manner, we will exercise our lawful authorities and issue subpoenas for the information,” said a senior Justice Department official, briefing reporters on condition of anonymity.
- The National Security Agency maintains a page on its website that outlines its mission statement. But earlier this month, the agency made a discreet change: It removed “honesty” as its top priority.
- Since at least May 2016, the surveillance agency had featured honesty as the first of four “core values” listed on NSA.gov, alongside “respect for the law,” “integrity,” and “transparency.” The agency vowed on the site to “be truthful with each other.”
- On January 12, however, the NSA removed the mission statement page – which can still be viewed through the Internet Archive – and replaced it with a new version. Now, the parts about honesty and the pledge to be truthful have been deleted. The agency’s new top value is “commitment to service,” which it says means “excellence in the pursuit of our critical mission.”
- On Tuesday, the World Economic Forum (WEF) opened in the exclusive Swiss Alpine resort of Davos, with some 3,000 corporate executives, government officials and celebrities convening for the ostensible purpose of discussing this year’s theme of “Creating a Shared Future in a Fractured World.”
- These elite pay $55,000 each to attend, is guarded by a small army of 4,000 Swiss troops and 1,000 police, with a no-fly zone imposed overhead.
- A government watchdog has revealed that the Pentagon funded Afghan military and security forces knowing that some of them were sexual abusing children.
- The Afghan military and police were also involved in at least 75 gross human rights violations between 2010 and 2016, including murder, torture but the U.S. government continued to fund them anyway
- The latest revelation echoes a Pentagon report last year, admitting that US military personnel inAfghanistan had been taught that sexual abuses against children was a “culturally accepted practice.”
- The stunning revelation came in the form of a declassified report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), a US government agency tasked with delivering independent oversight of reconstruction projects and activities in Afghanistan.
- The 63-page document – parts of which were heavily redacted – maintains that the Obama administration funded the Afghan military, which it knew was committing human rights abuses, including sexual assaults on children. It was composed back in June 2017, but was cleared for publication on January 18.
- The Pentagon funded 12 Afghan units complicit in 14 human rights incidents in 2013, the SIGAR report said, adding that nine additional units received US funding with some limitations on the use of the money.
- A law in the US called the Leahy Law forbids the US military and the State Department from funding foreign military or police units in cases where there is reliable evidence that the units have carried out gross violations of human rights.
- Despite the Pentagon and the State Department being aware of confirmed human rights violations committed by the Afghan forces, a legal loophole in the DoD’s Appropriations Act allows the Leahy Law to be bypassed when support for the units in question is essential for a “national security concern.”
- According to the SIGAR report, which was due to declassification in 2042, 22 of the 75 violations reported were classified at a level above “secret” and could not be disclosed, while seven involved “child sexual assault.” A further 46 involved other gross violations of human rights, including extrajudicial killings and torture of prisoners. The violations occurred from 2010 to August 2016.
- “The United States is already in violation of international law being in Syria uninvited,
The intelligence services of the Kurdish People’s Protection Units (YPG) has given ISIS prisoners under their control in Raqqa three choices according to the Euphrates Post:
1. Stay in prison.
2. Join the YPG-led Syrian Democratic Forces who operate in northern and eastern Syria.
3. Join the YPG in their battle against the Turkish Army and their Syrian proxies in the northwest canton of Afrin.
This suggests that there is a manpower shortage among YPG ranks if they are actively trying to recruit ISIS terrorists into their ranks.
A manpower shortage is becoming increasingly noticeable when considering that the YPG are still using child soldiers, with one tragically being killed days ago fighting against ISIS in the eastern province of Deir Ezzor.
- The head of the Kurdish YPG forces in the Afrin Canton, Bahjat ‘Abdo, stated on Wednesday that all reports of his organization agreeing to allow the Syrian Arab Army (SAA) into this region are false.
- After initially refusing the Syrian Army to take up positions in Afrin, the Kurdish People’s Protection Units (YPG) have now announced that government forces can operate within the canton.
- A YPG official .“We welcome the Syrian Army to enter the whole Afrin region, as there is an agreement between us and the Syrian government to solve all the issues between us,” the YPG official said.“
- , Turkish announced that Ankara will be ready to discuss “the current situation and future of Syria” if Washington drops support to the Kurdish Democratic Union Party (PYD) and its military wing
- Secretary of State Rex Tillerson blamed both Syria’s President Bashar al-Assad and Russia for carrying out a purported new chemical attack in the Damascus suburb of East Ghouta. Speaking from Paris on Tuesday, Tillerson said, “Whoever conducted the attacks Russia ultimately bears responsibility for the victims in eastern Ghouta and countless other Syrians targeted with chemical weapons since Russia became involved in Syria.”
- That’s right – in the same sentence Tillerson leveled the accusation against Russia, while simultaneously pointing the finger at Assad, he admitted that he really doesn’t know much at all about “whoever conducted the attacks”.
- Dmitry Peskov has blasted US claims that Russia was involved in an alleged recent chemical weapons attacks in eastern Syria.
- The United States continues to suppress and block any international effort to verify or investigate what actually happened at last year’s alleged chemical weapons event in Khan Shaykhun, Syria. This week, after Russia proposed the implementation of basic due process in order to actually investigate and verify US claims of chemical weapons use by the Syrian government, US Ambassador
- The Syrian government invited OPCW investigators to districts liberated from militants, where abandoned warehouses with chemical weapons were found
- Russia is trying to organize a visit by experts of the Organization for the Prohibition of Chemical Weapons (OPCW) to Syria, where they can examine chemical agents seized from militants,
- “We have access. We are trying to organize a visit by the OPCW Fact-Finding Mission from The Hague, so that [they] can take a look at this and make conclusions,” Nebenzya said.