The central bankers are getting ready to push the DOW over 20,000 points, from all indications they might do this on Friday. Pending homes sales decline as mortgage rates increase. Central banks hate cash and they are pushing their agenda to get rid of it in 2017. People in England are hoarding their currency in fear that the market will most likely turn in 2017. Central banks and JP Morgan Chase warn that the market might turn in 2017 due to Trump’s policies. The case against Clinton’s emails has been re-opened and now the ball is Trump’s court.Facebook’s fake news checker went haywire as it reported on a rumor and called it a fact checked piece of news, which turned out to be fake. Soros and Gates are funding the fake news fact checking systems. During the election year in Germany Angela Merkel is setting up a fake news fact check system. China shows off its new jet which will compete against the US F-35. US supplies additional weapons to the Kurds in Syria. Russia, Syria, Iran and Turkey agree on a county wide ceasefire. Russian Embassy was shelled multiple times in Syria. Obama ready to issue sanctions against Russia, he is also planning some sort of cyber attack. As January 2017 approaches we might see multiple events occur, here in the US and in the Europe.
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Current News – 12.28.2016
- in Oct pending home sales had stalled, rising a barely positive 0.2%,, and well below expected, a number which we predicted was set for much more pain in the months ago.
- the NAR reported that November pending home sales plunged to their lowest level in nearly a year, sliding 2.5% in the month well below the 0.5% consensus forecast (and below the lowest -1.5% estimate),
On a year over year basis, the annual drop was the worst since August 2014.
- Only the Northeast saw monthly and annual pending sales gains last month.
- Expect much more pain for housing, which as Mark Hanson noted recently is the least affordable it has ever been for buyers who need a mortgage, in the coming months which will promptly spill over into all other areas of the economy.
- Janet Yellen thinks the US Dollar is a ““cash is not a convenient store of value.”
- Long-term she is correct. After all, thanks to the Fed, the $USD has lost 96% of its purchasing power over the last 100 odd years. Anyone who has kept their money in cash has generally lost money virtually non-stop.
- Yellen’s disdain for cash isn’t that cash is a poor store of value… it’s that cash, particularly physical cash is one of the few “loopholes” in the current financial system that permits you to escape the insanity of Negative Interest Rates from Central Banks.
- After all, there are two basic benefits to storing your money in a bank:
- 1) Security
- 2) Interest
- With NIRP in place, #2 is no longer a benefit. If anything storing your money in a bank with NIRP means losing money.
- This leaves #1: security.
- But you can likely achieve the same security by buying a home safe and sitting on physical cash there. Indeed, this is precisely what consumers in Europe and Japan have done since Central Banks in those two regions employed NIRP.
- This is why Yellen and her ilk hate cash. Central Banks want to force consumers to spend money or invest in risk assets by punishing deposits with NIRP. But physical cash avoids NIRP entirely.
- Will this stop Central Banks? No way.
- Despite the FTSE 100 soaring to new record highs, Britons are holding onto their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers Association.
- , personal deposits grew an annual 4.8 percent in November, data compiled by the BBA show. They increased by 32.4 billion pounds ($39.7 billion) in the first 11 months of the year, outstripping the 19.8 billion-pound growth in the same period of 2015.
- most economists foresee a slowdown in 2017 as businesses seek more clarity on the nation’s future relationship with the world’s largest trading bloc.
- . The fate of US (and global) markets will rest on the realization of the Trump/Ryan agenda – anticipation and hope of the GOP platform continues to underpin sentiment and stocks but there appears to be stark differences between investor expectations and the likely reality (esp. as it pertains to corporate taxes and infrastructure spending) and this represents a major equity risk during the opening months of 2017.
- A federal appeals court for the District of Columbia has breathed new life into the Hillary email-gate scandal . The case was filed by watchdog groups Judicial Watch and Cause of Action seeking to force the State Department to instruct the Department of Justice to file a federal records suit to recover Hillary’s missing emails. A lower court had previously ruled that the State Department’s efforts to recover Hillary’s emails were sufficient and threw the cases out. But D.C. Circuit Judge Stephen Williams, a Ronald Reagan appointee, had a different view. Per The Hill:
U.S. District Court Judge James Boasberg had previously ruled that state’s efforts to recover the documents — tens of thousands of which Clinton turned over voluntarily in 2014 — were sufficient and threw out the cases.
But the three-judge appeals court panel on Tuesday said that State had not done enough.
“Even though those efforts bore some fruit, the Department has not explained why shaking the tree harder — e.g., by following the statutory mandate to seek action by the Attorney General — might not bear more still,” D.C. Circuit Judge Stephen Williams, a Ronald Reagan appointee, wrote in the court’s opinion. “It is therefore abundantly clear that, in terms of assuring government recovery of emails, appellants have not ‘been given everything [they] asked for.”
“Absent a showing that the requested enforcement action could not shake loose a few more emails, the case is not moot.”
- Judicial Watch president Tom Fitton praised the ruling saying that it is now up to the Trump administration to determine whether they would like to “finally enforce the rule of law and try to retrieve all the emails Clinton and her aides unlawfully took with them when they left the State Department.”
- “This ruling means that the Trump Justice Department will have to decide if it wants to finally enforce the rule of law and try to retrieve all the emails Clinton and her aides unlawfully took with them when they left the State Department.”
- Facebook activated a false safety check for an explosion in the city of Bangkok, Thailand, after its algorithm was fooled by trending posts apparently related to the 2015 deadly bombing at the Erawan Shrine.
- A series of posts suggesting there was an explosion in the city triggered the safety check on December 26 at around 9:00pm local time, asking users in Thailand to mark themselves safe.
- Little information was given about the explosion which cited only “media sources” and linked to a story about the August 2015 Erawan Shrine bombing in the Bangkok Informer, according to the Verge.
- Facebook deactivated the safety check after about an hour, according to several Twitter users, but has yet to issue any statement on the blunder.
- Social media giant Facebook has announced that its fight against fake news will involve third-party fact checking organizations, however there are grave concerns about the legitimacy of those groups after it was revealed George Soros and Bill Gates, as well as other Clinton donors are funding the fact checking drive.
- Many people are taking it for granted that these fact checkers are the quintessence of neutrality and unbiased reporting.
- Facebook released a statement on December 15 advising users that they were starting a program to “work with third-party fact checking organizations that are signatories of Poynter’s International Fact Checking Code of Principles (IFCN)”.
- Here’s an interesting fact about Poynter, the self-proclaimed “global leader in journalism”. They are funded by George Soros’ Open Society Foundations, The Bill & Melinda Gates Foundation, the National Endowment for Democracy (which has financial links to the State Department), Ebay’s Omidyar Foundation, and Craig Newmark, the founder of Craigslist who donated a massive $1 million to Poynter to create this anti fake news mechanism.
- But it gets even worse.
- , Germany has announced that it will be creating a “center of defense” against “fake” news. The Federal Press Office in the Chancellery will oversee the establishment of the “defense center”. An anonymous Interior Ministry staffer, speaking to Der Spiegel, revealed that the center will offer the “intensification of political education work” with groups who are believed to be susceptible to the “scourge” of fake news. These targeted groups will comprise chiefly “Russian-Germans” as well as “Turkish-speaking people.” Essentially, the information defense center will be targeting groups for “re-education” based on the state’s belief that certain ethnic groups are less likely to believe state-sanctioned and state-produced “news.” According to the report, the German government is hoping to negotiate the creation of the center “very quickly.”
- the UK government recommends that voters will have to show ID as part of new electoral reforms to prevent fraud.
- Evidence from local governments, police, academics and election experts in the UK have been gathered over the last 12 months and as a result 50 recommendations have been outlined in order to stop electoral fraud. Sir Pickles, was commissioned by the UK government in 2015 to consider what changes needed to be made to improve the electoral system and prevent fraud in voting. This request from the UK government came shortly after the 2015 Tower Hamlets election court judgement, which saw the elected mayor disqualified for corrupt and illegal practices.
- China flexed its military muscles once again – after sending its aircraft carrier Liaoning into the western Pacific – by testing the latest version of its fifth-generation stealth fighter,
- the newest version of the J-31, now renamed the FC-31 Gyrfalcon, took to the air for the first time on Friday,
The so-called “fifth-generation” twin engine jet is China’s answer to the US F-35, the world’s most technically advanced fighter.
- On December 24, the US ambassador to Turkey said the United States did not provide direct military support to the PYD. However , in the last two weeks alone the US weaponry was delivered three times to the northeastern Syrian province of Hasakah. on the day the ambassador made his statement, a plane with US weapons on board landed at the Rumeilan airport. The weapons then were reloaded into US Army helicopters and delivered to other regions of the country,
- In the latest attempt to provoke Russia, less than two weeks after the Russian ambassador in Turkey was assassinated, moments ago the Russian foreign ministry said in a statement that the Russian embassy in the Syrian capital of Damascus was shelled twice on Wednesday afternoon; the ministry calling it a provocation aimed at derailing peace settlement in the country.
- It said a shell hit an inner yard of the embassy complex, while another shell landed near the diplomatic mission. De-mining specialists have been working in the hit area.
- In the latest snub of president Obama and the US State Department, on Wednesday Turkey and Russia reached an agreement for a ceasefire in Syria, Turkey’s foreign minister said,
- There may be a hurdle however: Ankara would not budge on its opposition to President Bashar al-Assad staying in power.
- “There are two texts ready on a solution in Syria. One is about a political resolution and the other is about a ceasefire.
- A malicious remote access toolkit recently found in an app used by Ukrainian military forces is an Android version of the same proprietary malware that helped hackers steal files from the Democratic National Committee, researchers from CrowdStrike have reported.
- Obama administration is close to announcing a series of economic sanctions and other measures to punish Russia for its “interference” in the 2016 presidential election. Quoting “U.S. officials,” WaPo said that an announcement from the Obama administration could come as early as this week and would likely include “covert cyber operations.”
The White House is still finalizing the details of the sanctions package. Holding up the announcement is an internal debate over how best to adapt a 2015 executive order that gave the president the authority to levy sanctions against foreign actors who carry out cyberattacks against the United States.
All this being carried out with no evidence, the CIA produced no evidence, the FBI and the Directory Intelligence produced no evidence actually when the CIA made the claim the FBI and the Director Of Intelligence refuted the claim because of lack of evidence.
- The CIA, FBI, Department of Homeland Security (DHS), and the Office of the Director of National Intelligence (ODNI) are in violation of the Freedom of Information Act. Investigative journalist Jason Leopold and Massachusetts Institute of Technology (MIT) PhD candidate/Harvard Klein Center for Internet & Society research affiliate, Ryan Shapiro, filed a lawsuit yesterday against the FBI, CIA, DHS, and ODNI. The suit is over the agencies’ failures to comply with Shapiro and Leopold’s Freedom of Information Act (FOIA) requests for records on Russian interference in the 2016 U.S. presidential election.
- Shapiro and Leopold seek these records in order to shed light on critical unknowns such as:
- * What information on Russian interference did U.S. intelligence agencies possess, and when did they possess it?
- * How did this information differ by agency?
- * How did analysis of this information, and response proposals based upon that analysis, differ by agency?
- * How did U.S. intelligence agencies communicate and coordinate with each other regarding the issue of Russian interference?
- * Both officially and unofficially, how did U.S. intelligence agencies communicate and coordinate with outside entities and individuals regarding the issue of Russian interference?
- Due to the urgency of the matter, Shapiro and Leopold requested expedited processing of their FOIA requests. The CIA, FBI, DHS, and ODN failed to respond. This is a violation of the Freedom of Information Act.
- To date, the U.S. government has officially disclosed little concrete information regarding Russian interference in the 2016 presidential election.
- German prosecutors said Wednesday that they have detained a Tunisian man they think may have been involved in last week’s truck attack on a Christmas market in Berlin.
- The 40-year-old Berliner, who wasn’t identified, was taken into custody on Wednesday morning after police raided his apartment and work place in Berlin’s district of Tempelhof, the prosecutor’s office statement says.
- The man’s telephone number was saved in the cellphone of Anis Amri,
- The authorities are now going after anyone that might have been in contact with Anis to cover up the false flag.
- On January 15th, representatives from 70 different countries will gather in Paris, France for an unprecedented global conference. The stated goal of this conference is to promote a “two-state solution” as the way that lasting peace will be brought to the Middle East. In Israel, there is a tremendous amount of concern that whatever is agreed upon at this conference will immediately be used as the basis for a UN Security Council resolution that would permanently divide the land of Israel and create a Palestinian state.
- The UN Security Council resolution that was passed on Friday was one of the most significant events that we have witnessed in decades. Resolution 2334 made all Israeli settlements in the West Bank and in East Jerusalem illegal, it set the 1967 ceasefire lines as the border between the Israelis and the Palestinians, and it granted every single inch of East Jerusalem to the Palestinians.
There is a high probability that there might be a terrorist attack on or before the date these leaders will meet. It will most likely happen where these leaders are gathering.