Category Archives: MONEY
The Coming Debt Reckoning | Zero Hedge
American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating.
There are many reasons why. In truth, it would take several large volumes to chronicle all of them. But when you get down to the ‘lick log’ of it all, the disorder stems from decades of technocratic intervention that have stripped away any semblance of a free functioning, self-correcting economy.
The financial system circa 2017, and the economy that supports it, has been stretched to the breaking point. Shortsighted fiscal and monetary policies have propagated it. The result is a failing financial order that has become near intolerable for all but the gravy supping political class and their cronies.
Take consumer spending. This is the primary driver of the U.S. economy. Yet it requires vast amounts of credit. In fact, American consumers presently hold $1 trillion in revolving credit. At the same time, they have nowhere near the income needed to finance these debts, let alone pay them off.
Remember, the flipside of credit is debt. Obviously, the divergence of increasing debt and stagnating incomes is a condition that cannot go on forever. But it can go on much longer than any sensible person would consider possible.
Debt Slaves
If you haven’t noticed, the financial services industry is extremely accomplished at compelling people to go whole hog into debt. Moreover, the entire fiat based financial system, which depends on ever increasing issuances of debt, hinges on it. Just a slight contraction of credit, like late 2008, and the whole debt repayment structure breaks down.
On an individual basis, there are only so many credit cards that can be maxed out before the shell game ends. Wolf Richter, of Wolf Street, recently clarified the relationship between the economy and deep consumer debt:
“The US economy is fueled by credit. Americans turning themselves into debt slaves makes it tick. Take it away, and what little growth there is – nearly zero in the first quarter – will dissipate into ambient air altogether. So it’s time to take the pulse of our American debt slaves.
“In a new study, life insurer and financial services provider Northwestern Mutual found that 45 percent of Americans that have debt spend ‘up to half of their monthly income on debt repayment.’ Those are the true debt slaves.
“Excluding mortgage debt, Americans carry an average debt of $37,000. Of them, 47 percent carry $25,000 or more, and more than 10 percent carry $100,000 or more in debt, excluding mortgage debt.
“Most of them expect to get out of debt before they die, but 14 percent expect to be in debt ‘for the rest of their lives.”’
I Never Knew How Screwed Up The Global Financial System Was Until I Started My Own Bank | Zero Hedge
By late 2014 I’d finally had enough.
After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank.
I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.
Had I known then what I know now, I think I still would have made the same decision… but in total honesty I was completely unprepared for the torrential shit storm I was about to enter.
The deeper I went, the more overwhelming my discoveries of how shockingly inept, obsolete, and out of touch the industry is.
It’s one thing to read about it in the headlines. It’s quite another to experience it first hand as an insider.
Here’s a great example: you know how it seems commonplace these days to hear about banks getting hacked? Well, there’s a very good reason for that.
Every bank runs on something called “core banking software”, which is sort of a central financial database that keeps track of all accounts and transactions.
Anytime you deposit or withdraw funds, the core banking software updates its records.
And whenever you log in to your bank’s website to check your account balance, the server relies on the core banking software for that information.
Core banking software is the most critical component of any bank’s technological infrastructure.
Yet ironically, the software that many of the most established banks use was originally written in either Fortran or COBOL, both 60-year old programming languages that date back to the late 1950s.
Back then banks were very early adopters of technology and jumped on the chance to automate their core functions.
As technology improved, banks continually patched and updated their systems.
But they eventually ran into limitations in terms of how much they could modernize the software.
In the software industry, developers recognize this limitation…
Source: I Never Knew How Screwed Up The Global Financial System Was Until I Started My Own Bank | Zero Hedge
“They Know Something That We Don’t” – Corporate Insiders Are Unloading Their Stocks Like There’s No Tomorrow
There aren’t any surefire ways to tell if the stock market, and perhaps the rest of the economy, is about to take a nosedive. That’s because millions of people with millions of ideas are involved, so it’s an inherently unpredictable system. However, there are certain players in our economy that have a lot more influence and insider knowledge than the rest of us. So when they make a move in unison, you know there’s a good chance that something is about to go down.
And that’s exactly what’s going on with the stock market right now. The people who would stand to lose the most if the markets crashed; the corporate executives and insiders, are all jumping ship and selling their stocks.
As the investing public has continued to devour stocks, sending all three major indexes to record highs in the last few months, corporate insiders have been offloading shares to an extent not seen in seven years. Selling totaled $10 billion in March, according to data compiled by Trim Tabs.
It’s a troubling trend facing an equity market that’s already grappling with its loftiest valuations since the 2000 tech bubble. If the people with the deepest knowledge of a company are cashing out, why should investors keep buying at current prices?
The groundswell of insider selling has the attention of Brad Lamensdorf, portfolio manager at Ranger Alternative Management, and he doesn’t like what he sees.
“This is definitely a negative sign,” Lamensdorf wrote in his April newsletter. “They do not see value in their own companies!”
And this isn’t a recent trend. While ordinary investors were optimistically diving into the stock market after Trump was elected, these people were dumping their stocks as far back as February.
Chief executives and other corporate insiders are selling stock hand over fist now that the quarterly earnings season is over, a report from Vickers Weekly Insider shows. Transactions by insiders are restricted around a company’s report.
“Insider selling has jumped again, and this time to levels rarely seen,” analyst David Coleman wrote in Monday’s note.
In the last week, insiders’ sale transactions on the NYSE outnumbered their purchase transactions by more than 11 to 1, according to Vickers, a publication of Argus Research. The 11.47 reading is 3.5 standard deviations above the mean, according to Coleman.
Clearly, they know something that most Americans don’t. I’d wager that they know the stock market can’t keep reaching record highs indefinitely, they know the economy is resting on shaky ground, and they know that this sudden surge of investments in the stock market is their last chance to make a killing before the whole thing comes crashing down.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
X22Report: Has The Date Of The Economic Collapse Just Been Leaked? – Episode 1269a
Report date: 05.02.2017
The collapse of Home Capital Bank could be spreading to other lenders. Greece reaches debt deal but they need to give up more and the country will sell of more of the country. The auto loan subprime bubble will mimic the subprime real estate bubble. JP Morgan is selling stocks because it sees signs the economy is collapsing. Trump preparing to replace the banking regulator. Trump says maybe we should shutdown the government in Sept. Is he telegraphing the date the economy will start to come down.
All source links to the report can be found on the x22report.com site.
Source: X22Report: Has The Date Of The Economic Collapse Just Been Leaked? – Episode 1269a | Alternative
Sheldan Nidle Update 5-2-17…
What Central Banks Have Done Is “Stunning, Unprecedented”
I recently interviewed financial expert, Robert Kudla. The international banks are scrambling as there are more bubbles. Anybody who leaves all of their money in the bank is a fool. Listen to what they have done.
L
Source: What Central Banks Have Done Is “Stunning, Unprecedented” | Economy
Khazarian mafia offensive loses steam but high level intrigue continues
Humanity’s war to free itself from Satanic Khazarian mafia rule is heading towards final victory but some tough final battles lie ahead of us. The month of April saw a major offensive by the Satanists on many fronts but, despite causing much nuisance, their efforts to either start World War 3 or else regain control of the world’s financial system failed. Nonetheless, high level intrigue continues in Europe, East Asia, the US the Middle East and elsewhere. In the midst of all this, the US Corporate government was able to avoid bankruptcy and kick the can down the road for a few more months or, until the high level power struggle ends.
One of the most intense secret battlefields last week was Japan. NSA and CIA sources in Asia both confirm that leading Satanist Leo Zagami and his goons were in Japan seeking, among other things, to stage a sarin gas attack on the Tokyo subway system to blame on North Korea. That probably is the real reason Japan temporarily shut its subway system last week “in response to a North Korean missile test.”
http://www.dailymail.co.uk/news/article-4458122/Tokyo-subway-shut-fears-North-Korean-attack.html
Gnostic Illuminati Grandmaster “Alexander Romanov” also went into hiding last week to avoid what NSA sources warned him would be an attempt on his life by Zagami and his goons. Zagami did not respond to these allegations by the time this newsletter went public.
The other thing going on in Japan is that cars carrying members of the Japanese royal family have come under attack in several incidents in recent days, according to right wing sources close to the imperial family. These attacks were meant to intimidate the Emperor into using his seal to allow large denomination bonds to be monetized, the sources say. These bonds included “super Petchilis that were used by the former Republic of China to build that countries’ infrastructure,” according to US Defense Intelligence Agency sources. The last person to show me a super Petchili was Leo Zagami.
The other group stirring up trouble in the Far East these days is the French branch of the Rothschild family, multiple sources agree. The French Rothschilds are the main instigators of the recent efforts to provoke a battle between the US and North Korea. That is because the French Rothschilds want to replace North Korean strong man Kim Jong Un with a fake Kim Han Sol controlled by them. That is why they recently staged the murder of a man they claimed to be Kim Jong Nam, the elder half-brother of Kim Jong Un and father of Kim Han Sol. Chinese government sources, Japanese military intelligence and Asian secret society sources all confirm the Kim Jong Nam recently killed in Malaysia was not the real deal and that the Kim Han Sol who appeared on U-tube shortly after the supposed assassination was also a fake. The real Kim Jong Nam and son are at a safe location in China, the Chinese sources say.
The Rothschilds are trying desperately to get their hands on gold to avoid bankruptcy and, as a result of this, they lust after the gigantic gold and other mineral deposits in North Korea. That is the real reason they want to place a proxy of theirs in charge of that country, the sources say. Now we can understand why all the sudden escalation of threats against North Korea.
There is also a strong push to place Rothschild agent Taro Aso as Prime Minister of Japan, the Japanese right wing sources say. Since Aso is married into the French branch of the Rothschild family, an Aso regime would allow this family to reassert their rule over Japan. White Dragon Society sources say they believe neither Rothschild man Aso nor Rockefeller agent Ichiro Ozawa should be allowed anywhere near the Japanese Prime Minister’s office. Aso is also the person responsible for seizing all of the revenue from publishing this newsletter, which is an ongoing nuisance that we are dealing with thanks to cash donations.
There was also a lot of intrigue involving US President Donald Trump, Chinese President Xi Jinping and a Chinese Rothschild agent by the name of…
Full report will be available in 3 days.
Source: Khazarian mafia offensive loses steam but high level intrigue continues
“Predictive Linguistics: Huge Crisis Headed Our Way, Credit Freeze, Bank Runs and Riots”
“Predictive Linguistics is the process of using computer software to aggregate vast amounts of written text from the internet by categories delineated by emotional content of the words and using the result to make forecasts based on the emotional ‘tone’ changes within the larger population.
A form of ‘collective sub-conscious expression’ is a good way to think of it. Predictive linguistics can be used to forecast trends at many different levels, from the detail of sales to individuals, all the way up to forecasts about emerging global population trends. It is this last that concerns us here at halfpasthuman.com
We invented the ‘emotive reduction algorithm(s)’ employed in 1997, as well as much of the emerging science behind deep data mining for emotional content over these past decades. Predictive Linguistics uses emotional qualifiers and quantifiers, expressed as numeric values, for each and all words/phrases discovered/filtered in the aggregation process. Over 80 % of all the words gathered will be discarded for one or more reasons.
Predictive Linguistics works as NO conscious expressions are processed through the software.
Rather the contexts discussed within the report in the form of entities and linguistic structures are read up in the various intake software programs, and the emotional sums of the language found at that time are retrieved.
Words that are identified within my system as ‘descriptors’ are passed through the processing as well. These descriptor words, in the main, are those words and phrases that provide us with the detail sets within the larger context sets…
The GoldFish Report No 92, POTUS First 100 DAYS Legacy with Kent Dunn
Published on Apr 30, 2017
On The GoldFish Report No. 92, Louisa and Kent discuss how the Act of 1871 is directly related to the first 100 Days of Donald Trump’s Presidency and the historic implications it will have on humanity. From the UCC-1 straw-man accounts to the Global Currency Reset, NESARA, GESARA and Geopolitical implication of this Trump Administration and more. To receive our reports, you can subscribe to us on YouTube at The GoldFish Report, or you can follow us on Twitter at @ReportGoldfish, on our blog at http://www.thegoldfishreport.wordpress.com, please like us on facebook at http://www.facebook.com/thegoldfishreport adn to help support our viewer supported public social media please visit http://www.thegoldfishreport.com and make a contribution to help support the production of these reports. For our viewers with ideas for our 100th GoldFish Report please send ideas to thegoldfishreport@gmail.com. Thanks for Viewing!
DR WILLIAM MOUNT: Trump’s Got Stones – Protects 2nd Amendment
Standing up in front of the main Stream Media and an NRA Gathering in Atlanta President Trump clearly stated he will protect the 2nd Amendment as a right coming form GOD.
Without the right to Keep and Bear Arms – no other law matters. This and the freedom of speech, form the basis of any free society.
When the People fear the Government we have Tyranny – like we have today in America.
When the Government fears the people we have freedom.
The significance of this statement is this:
In 1871 Congress passed the Organic Constitution eliminating all rights given to us under the Constitution of 1783 if you Capitalize your name.
Thus: William Mount, WILLIAM MOUNT – represent corporations controlled by these Departments and Agencies and are registered as a Corporations at the Office of Registrar in DC.
Further – since you are not allowed access to your Corporate Moneys through the use of a 5444E or US Treasury Form 211- the system must now come down.
-william mount- is not a corporation and still a party to the original constitution an not subject to any Silly Laws Congress has passed since 1871 – but be careful.
President Trump is Chief Manager of the US Corporation – solely owned by the UN, which is owned by the Rothchilds. As the current Manager of this corporation he determines how to employ the rules set under his charge – not Congress, not the Supreme Court.
If President Trump wished to over rule a “Judge” or arrest a “Judge” he has the right to do this.
Period.
So it appears that for the next 4 years we have the right to keep and bear arms – we hope…
Source: DR WILLIAM MOUNT: Trump’s Got Stones – Protects 2nd Amendment
X22Report Fed Goes All in to Crash the Economy – Episode 1266a
Report date: 04.28.2017
South Korea goes cashless, they are getting rid of coins.
Consumer confidence steady despite all the bad news.
US spending way down, this makes up 70% of the economy, but American’s are buying RV’s.
GDP collapses to .7%, this is the manipulated number, the real GDP is in the negative range.
Government shutdown looms, and congress decided to vote for a stop gap which will allow the government to continue to operate for 1 more week.
The Fed signals that the economy is still strong and will continue with rate increases because they believe it will bounce back in the 2nd quarter
Source: X22Report Fed Goes All in to Crash the Economy – Episode 1266a | Politics
DR WILLIAM MOUNT: Trump Dumps NAFTA
You read that correctly.
During President Trump’s Campaign he clearly stated that the North American Free Trade Agreement (NAFTA) would be on the chopping block.
Note: North American – meaning Canada and Mexico.
Thanks to this insane agreement concocted by the Democrats in 1994 the United States has lost a huge number of jobs to Mexico and Canada.
That ends today thanks to President Trump.
Finally a Real Man in office who cares about America.
This morning it was announced that this NAFTA Contract would either be re-negotiated or dumped – in accordance with the NAFTA Guidelines, President Trump sent notification to Canada and Mexico that the United States is pulling out of NAFTA.
In a serious signal to Canada to come to the negotiating table – President Trump placed a 20% Tariff on Canadian Lumber – as a Forster I applaud you.
We in the Lumber Industry have waited 37 years for this Tariff and finally we have a man in office who is willing to stand up to these Satanic NAZI Pigs.
This one act, combined with stomping on the EPA, will do more to rebuild Small Towns America than any other action takes by the last 5 president’s combined.
The Mexican President Pena Nieto and Canadian’s Prime Minister Justin Trudeau have asked to “Renegotiate the Contract” rather than pulling out all together.
It is their right under the contract to ask for this but President Trump has no obligation to comply and the Notification to pull out of NAFTA has already been given in accordance with the NAFTA contract.
By October – which is when the Economic Collapse is planned to be in full swing – the United States Corporation will have dumped it’s last binding Trade Agreement that has been killing America over the last 4 decades.
US Trade Representative Stephan Vaughn will soon meet with Mexicana and Canadian Representative in accordance with NAFTA Guides to either Level The Playing Field through Tariffs or dump NAFTA all together.
Another Campaign Promise Completed.
…B) In a second, yet remarkable move President Trump tweeted the following:
“The Democrats want to shut government if we do not bail out Puerto Rice and give billions to their insurance companies for Ocare failure. NO!”
President Trump stated he would let Obama Care Implode during his campaign and he was not kidding.
For those who do care: Obama Care and Welfare have killed most of the World’s economies and the Governments are going to have to terminate Welfare and Government Health Care if they expect to Survive.
Cloward Pivens NAZI Model & From The Satanic Bible on how to destroy an economy goes like this:
“Socialism and The Welfare State only works until there is no more money to steal. Then society collapses and we have a complete, beautiful state of Anarchy. No rules.”
Democratic NAZI Blackmail by members of Congress should not be taken lightly.
These Satanic NAZIs also had the United Nations clearly state that stopping Obama Care would be against International Law – a lie – and would be – get this – Drum Roll – Racist.
Well – if they want it so badly then they can jolly well pay for it – deduct the cost of the Puerto Rican Welfare State from their paychecks.
So the United Nations is playing the Racist Card to destroy America.
Please pray that the United Nations either shuts down or is moved out of the America Immediately And that President Trump has the guts to send them packing immediately.
President Trump: Give me 2 companies of my Engineers and I will arrest these Congressman who are conducting Blackmail against the American People – NAZI Congress, UN Leaders – it is called: Treason. I promise you that when we are done with these Satanic NAZIs they will no longer commit Treason against America again.
…C) Finally – in a One Page Outline of a New Tax Plan President Trump has outlined his ideas on a New Tax Code. If President Trump is able to pull this off it will create a Huge Economic Boom for America – if he is able to shut down most Federal Agencies as well.
Despite what these Left Wing NAZIs state – the Government is not the solution, it is the problem…
Usury Based System: Towards a Worldwide Financial Disaster?
It is more obvious every day that with the accession of Donald Trump to the presidency of the United States—I refuse to use the word “election,” because I am convinced that Trump was designated for this position by the “deep state” and the controlled media—a major world disaster is not only likely but probably inevitable.
Before proceeding, I would like to say something about my own background. I spent 32 years as an analyst with the civilian side of the U.S. federal government. I worked for the U.S. Civil Service Commission, the Food and Drug Administration, the Jimmy Carter White House, the U.S. Office of Consumer Affairs, NASA, and the U.S. Treasury Department.
During those years I took part in many high-level policy initiatives under seven presidential administrations, from Richard Nixon to George W. Bush. This included a massive conversion to electronic funds transfer for U.S. Treasury Department financial transactions, amounting to a multi-trillion dollar cash flow annually. After 9/11, my work included being part of a committee that developed a long-range plan for Treasury as part of the so-called “War on Terror.”
I can assure you that apart from what may have been the case in the distant past, today the government of the United States is not controlled by any elected official. Rather it is managed by a deeply entrenched bureaucracy reporting behind the scenes to powerful figures from the world of international politics and finance—some in the U.S., others not.
Since I retired in 2007, I have published several books and dozens of articles on public policy matters. One of my books, Challenger Revealed, was the definitive account of the space shuttle Challenger disaster, exposing multiple layers of cover-up by NASA, the Reagan Administration, and the Presidential Commission that was convened to examine it. Most of my articles have been published on the Global Research website out of Canada,
My next book was on monetary policy and titled, We Hold These Truths: The Hope of Monetary Reform. This book consisted of a history of the U.S. monetary system and an explanation of why that system should be changed radically to avert further disasters…
Source: Usury Based System: Towards a Worldwide Financial Disaster? | Economy
Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History | Zero Hedge
Call it Canada’s “New Century” moment.
We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada’s largest non-bank mortgage lender: liar loans in particular, and a generally overzealous lending business model with little regard for fundamentals. In the interim period, many other voices – most prominently noted short-seller Marc Cohodes – would constantly remind traders and investors about the threat posed by HCG.
Today, all those warnings came true, when the stock of Home Capital Group cratered by over 60%, its biggest drop on record, after the company disclosed that it struck an emergency liquidity arrangement for a C$2 billion ($1.5 billion) credit line to counter evaporating deposits at terms that will leave the alternative mortgage lender unable to meet financial targets, and worse, may leave it insolvent in very short notice.
As part of this inevitable outcome, one which presages the company’s eventual disintegration and likely liquidation, Bloomberg reports that the non-binding rescue loan with an unnamed counterparty will be secured by a portfolio of mortgage loans originated by Home Trust, the Toronto-based firm said in a statement Wednesday. Home Capital shares dropped by 61% in Toronto to the lowest since 2003, dragging down other home lenders. Equitable Group Inc. fell 17 percent, Street Capital Group Inc. fell 13 percent, while First National Financial Corp. declined 7.6 percent. In short, the Canadian mortgage bubble has finally burst.
Some more details on HCG’s emergency source of funding: Home Capital will pay 10% interest on outstanding balances and a non-refundable commitment fee of C$100 million, while standby fee on undrawn funds is 2.5%. The initial draw must be C$1 billion. The loan has an effective – and very much distressed – interest rate of 22.5% on the first C$1 billion, declining to 15% if fully utilized, according to a note from Jaeme Gloyn, an analyst at National Bank of Canada…
Source: Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History | Zero Hedge
X22Report Stock Market Has Gotten so Big it Has Now Passed 2007 Market Bubble – Episode 1264a
Report date: 04.26.2017
Canada housing regulators are now warning of a housing bubble.
The US is seeing the echo housing bubble of 2008.
The central bankers need more debt pushed out, so those student’s with student loans will now be able to purchase homes by changing the rules.
Trump is getting ready to sign an EO to cancel NAFTA.
Bubble Alert, we have now passed the bubble of 2007 and are now headed to the 1999 bubble.
Congress will pass a week extension to discuss the budget.
Rand Paul says to drain the swamp the money must be taken away.
The only way to do this is to crash the system and to remove the central bank.
All source links to the report can be found on the x22report.com site.
X22Report Central Bankers Tricks Are Now Being Used Against Them to Bring the Economy Down – Episode 1263a
Report date: 04.25.2017
Consumer confidence stumbles and stock market soars.
J Crew letting 150 employees go.
Housing prices surge in the 20 bubble cities and new home sales surge according to the government.
Trump pushing for a corporate tax like Obama.
Trump budget for the wall won’t be a problem with the debt ceiling because he will wait until later this year to discuss.
Trump is borrowing and creating more bubbles, using the central banker’s trick to bring down the market.
All source links to the report can be found on the x22report.com site.
11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016 | Prepare for Change
By Michael Snyder,
There is much debate about where the U.S. economy is ultimately heading, but what everybody should be able to agree on is that economic conditions are significantly worse this year than they were last year. It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times. As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis. Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening. The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…
#1 It is being projected that there will be more than 8,000 retail store closings in the United States in 2017, and that will far surpass the former peak of 6,163 store closings that we witnessed in 2008.
#2 The number of retailers that have filed for bankruptcy so far in 2017 has already surpassed the total for the entire year of 2016.
#3 So far in 2017, an astounding 49 million square feet of retail space has closed down in the United States. At this pace, approximately 147 million square feet will be shut down by the end of the year, and that would absolutely shatter the all-time record of 115 million square feet that was shut down in 2001.
#4 The Atlanta Fed’s GDP Now model is projecting that U.S. economic growth for the first quarter of 2017 will come in at just 0.5 percent. If that pace continues for the rest of the year, it will be the worst year for U.S. economic growth since the last recession.
#5 Restaurants are experiencing their toughest stretch since the last recession, and in March things continued to get even worse…
Foot traffic at chain restaurants in March dropped 3.4% from a year ago. Menu prices couldn’t be increased enough to make up for it, and same-store sales fell 1.1%. The least bad region was the Western US, where sales inched up 1.2% year-over-year and traffic fell only 1.7%, according to TDn2K’s Restaurant Industry Snapshot. The worst was the NY-NJ Region, where sales plunged 4.6% and foot traffic 6.3%.
This comes after a dismal February, when foot traffic had dropped 5% year-over-year, and same-store sales 3.7%….
DR WILLIAM MOUNT: IMF Discusses On Dollar Death and Pop Reduction
IMF DISCUSSES THE DEATH OF THE DOLLAR AND OF MOST AMERICANS AND EUROPEANS
They will be replaced by those from Africa – Muslims Refugees.
The IMF held it’s annual spring Meeting in Washington DC over the weekend and had the Audacity in this Bastion of NAZI Liberalism to discuss the down fall of the entire US Economic System and replace it with pure Chaos.
For those who have ears to hear it was clear as a bell.
Each profession has it’s own language and interpreting what someone says is often difficult if you do not understand their internal language.
For Example:
1) US Army: Get Proactive & Recon Macy’s
2) Your Wife: Lets go shopping
Or:
A kiss from my Godfathers in the Gambino’s means death while a kiss from the Head of the Russian Church is like shaking hands and saying hello.
This language the IMF uses is the same as the UN and Lucis Trust and that has taken me years to learn.
For those who are trained to hear what they really said this weekend we clearly understood there was a central theme they stated over and over again:
The IMF discussed the Death of the Dollar and the mass killing of people world wide to bring the world down to a “Manageable Population.”
The primary speaker they used was Chris LaGard – A Male Cross Dresser – look at her Adams Apple.
Women do not have Adams Apples.
On thing they hid very well is that the President of the IMF is Chinese.
Please keep in mind that the IMF, United State Corporation, Chinese Central Band, Bank of Russia, Russian Federated Republic – all are owned by the Rothchilds Banking System
The Rothchilds Banking System is actually the Bauery Boys Banking System and is owned by Deutsche Bank, which is owned by the Vatican Trust, which is owned by the Vatican…
Source: DR WILLIAM MOUNT: IMF Discusses On Dollar Death and Pop Reduction
UN And Western Spy Chiefs In Panic After Russia Launches “First Strike” Against US Dollar
April 24, 2017 By: Sorcha Faal, and as reported to her Western Subscribers
In what is looking more by the hour to be a Russian “first strike” against the United States during this current “cold phase” of World War III, the Security Council (SC) is reporting today that President Putin has ordered the immediate implementation of the “Golden Tsar” attack plan against the US dollar—and that has so terrified the West, its top spy masters (the “Five Eyes Alliance”), have rushed to New Zealand for a secret meet and the UN Security Council is now rushing to the White House—but whose efforts to counter the Federation will fail; and as stated by top Kremlin advisor Sergey Glazyev who warned these Western elites: “The more aggressive the Americans are the sooner they will see the final collapse of the dollar as the only way for the victims of American aggression to stop this aggression is to get rid of the dollar…[and] as soon as we and China are through with the dollar, it will be the end of the United States military might”. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
According to this report, after the collapse of the Bretton Woods gold standard in the early 1970s, the US struck a deal with Saudi Arabia to standardize oil prices in dollar terms—and through this deal, the “petrodollar system” was born, along with a paradigm shift away from pegged exchanged rates and gold-backed currencies to non-backed, floating rate regimes.
To the catastrophic effect on the entire world of the United States creating its petrodollar system, this report explains, is shown by President John F. Kennedy, in the early 1960’s, attempting to break his nations military-industrial-complex’s “state of perpetual war”—and that allowed him to drastically reduce his nations national debt rise to only $23 billion bringing its total to $312 billion—but that he wasn’t able to continue due his public assassination in 1963.
Under Kennedy’s predecessor, President Lyndon Johnson, this report continues, the illegal Vietnam War was ramped up costing the American people, by 1969, $42 billion and bringing its national debt total to $354 billion.
Assuming power from President Johnson in 1969, this report further details, President Richard Nixon added another $121 billion to his nation’s debt for the illegal Vietnam War brining his nation’s national debt total to $475 billion—an amount so staggering for its time it caused what is now called the “Nixon Shock” when, on Friday, 13 August 1971, Nixon ordered the unilateral cancellation of the direct international convertibility of the US dollar to gold…
Time Is Running Out Fast: Are You Ready for What’s Coming? Why Isn’t Anyone Talking About This?! (Videos) Mr Doom, Jason A
4-23-17 From Mr Doom
Time Is Fast Running Out: Are You Ready for What’s Coming?? (April 23, 2017)
From Jason A
Why is this Not Being Talked About… (2017-2018 EVENTS)
X22Report Bubbles Are Popping, Prepare for Collapse – Episode 1261a
In this news brief we will discuss the latest news on the economic collapse. We look to see if things are really that different. The central bank will not stop at just confiscating your wealth they will want your life. They want to enslave the people.
Source: X22Report Bubbles Are Popping, Prepare for Collapse – Episode 1261a | Politics
Captains of Dollar Are Panicked, US Govt Will Default -Bill Holter, Greg Hunter Video
Market expert and financial writer Bill Holter says elite were in a “panic” last week to try to push down the price of gold and silver. Holter explains, “You have to understand that gold is the direct competitor versus the dollar. Other currencies in the world compete with the dollar, but the dollar is the reserve currency. It supplanted gold in 1971. Gold and the dollar are direct competitors or arch enemies, or whatever you want to call them. The best way to make the dollar look good is to make gold look bad. That’s what the purpose of all these naked sales or contracts are to suppress the price (of gold and silver). That’s the purpose of it. . . . Tuesday, Wednesday and Thursday were three big sales back to back to back, which shows the captains of the dollar are panicking. The dollar definitely looks like its rolling over and has been taking some fairly sizable drops intraday.”
Holter also contends, “The gold market is at an inflection point. The silver market is at an inflection point, and the stock market is at an inflection point. There are inflection points everywhere, and the dollar is definitely starting to look weak.”
Holter says the financial and geopolitical landscape is a minefield that could detonate at any time. Holter says, “I have long said that because of the derivatives outstanding today, once something blows up, the whole system blows up within 48 hours. The globe will spin twice, and basically the markets will close. It really amazes me that there are so many potential fire events out there, and yet there is zero concern. . . . You are going to wake up one morning and something somewhere will have already happened. At that point, it will be too late for you to do anything. You are going to wake up and find out there was a dog fight between a Mig and U.S, fighter jet or a sub was sunk or a big bank becomes insolvent. Who knows what it’s going to be or where it’s going to come from, there are just too many of them. The point being is it’s here and now. It’s a dry barn, and they are flicking matches all over the world.”…
Source: Captains of Dollar Are Panicked, US Govt Will Default -Bill Holter, Greg Hunter Video | Economy
‘Retail Bubble Has Now Burst’: Record 8,640 Stores Are Closing In 2017
Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.”
– Richard Hayne, Urban Outfitters CEO, March 2017
The devastation in the US retail sector is accelerating in 2017, and in addition to the surging number of brick and mortar retail bankruptcies, it is perhaps nowhere more obvious than in the soaring number of store closures.
While the shuttering of retail stores has been a frequent topic on this website, most recently in the context of the next “big short”, namely the ongoing deterioration in the mall REITs and associated Commercial Mortgage-Backed Securities and CDS, here is a stunning fact from Credit Suisse:“Barely a quarter into 2017, year-to-date retail store closings have already surpassed those of 2008.”
According to the Swiss bank’s calculations, on a unit basis, approximately 2,880 store closings were announced YTD, more than twice as many closings as the 1,153 announced during the same period last year. Historically, roughly 60% of store closure announcements occur in the first five months of the year. By extrapolating the year-to-date announcements, CS estimates that there could be more than 8,640 store closings this year, which will be higher than the historical 2008 peak of approximately 6,200 store closings, which suggests that for brick-and-mortar stores stores the current transition period is far worse than the depth of the credit crisis depression…
Source: ‘Retail Bubble Has Now Burst’: Record 8,640 Stores Are Closing In 2017 | Economy
Prediction Of Economic Difficulties | Simon Parkes Official Website – Current Intel
Prediction Of Economic Difficulties
Sunday, April 23, 2017
Prediction of economic difficulties mirroring my own predictions…
Source: Prediction Of Economic Difficulties | Simon Parkes Official Website
Conspiracy Daily Update 