Proverbs 22:3 NLT

A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.

-- (((Charles Finney, said the following: “If
there is a decay of conscience, the pulpit is responsible for it))) --


THOSE WHO WILL DO NOTHING NOW, WHEN IT COSTS THEM LITTLE - WILL DO EVEN LESS LATER, WHEN IT COST THEM EVEN MORE


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X22 Report is a daily show that will cover issues surrounding the economic collapse

Tuesday, August 18, 2015

The Left Calling The POW/MIA Flag A “Symbol Of Racist Hate” Is A Step Too Far / 8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight / Kentucky denies gay couple right to marry – despite US Supreme Court legalizing same-sex weddings / WASH POST LEAD TUESDAY: Trump calls for unprecedented crackdown on illegals... - QUALCOMM lays off locals after applying for 'thousands' of foreign workers... / GOOGLE HUMANOID RUNS THROUGH FOREST / World shipping slump deepens as China retreats, Brazil economy contraction to last through 2016, Moody’s cuts India’s 2015 growth forecast / BLOODBATH: Chinese Stocks In A Free Fall, Again… Down 6.1%! / The Russian Media Is Talking About What Is Coming In September, But The U.S. Media Has Been Strangely Silent / 23 Nations Around The World Where Stock Market Crashes Are Already Happening / US Dollar Might Drop Up to 20% After Fed Hike / Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports / Greek Deposits Become Eligible For Bail-In On January 1, 2016 / ◾COULD FDIC Seize Bank Deposits During a Crisis? Central Banks and the regulators have declared a War on Cash in an effort to stop people trying to get their money out of the system.


The Left Calling The POW/MIA Flag A “Symbol Of Racist Hate” Is A Step Too Far
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IRS SAYS THIEVES STOLE TAX INFO FROM ADDITIONAL 220,000...
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China and America already at war: Tianjin explosion carried out by Pentagon space weapon in retaliation for Yuan currency devaluation... Military helicopters now patrolling Beijing - NaturalNews) EXCLUSIVE: Mainland Chinese dissidents have handed Natural News the following bombshell story.
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8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight
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the employee they speak to interrupts them all the time, saying, “I’m sorry, but we’re no longer issuing licenses.”   - An American gay couple is on a weird quest: a couple of months after same-sex marriage was legalized by the US Supreme Court, the two men are battling with local authorities in Kentucky, who keep blocking their marriage ceremony.
The couple went to the local County Clerk’s office twice, and filmed it. In the first video, they provide the paperwork from the Supreme Court and the letter from the governor’s office, stating that county clerks are to issue marriage licenses.
However, the employee they speak to interrupts them all the time, saying, “I’m sorry, but we’re no longer issuing licenses.”
In the second video, the couple is again at the County Clerk’s office, arguing with two employees this time, and getting the same answer again – that no marriage licenses are issued there.
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ZUCK YOU!
WASH POST LEAD TUESDAY: Trump calls for unprecedented crackdown on illegals... Developing...
'Would wreck havoc on society'...
Last month, Qualcomm announced plans to trim 15 percent of its global workforce in a move to reduce expenses in a maturing smartphone market
Last month, Qualcomm announced plans to trim 15 percent of its global workforce in a move to reduce expenses in a maturing smartphone market — Qualcomm
QUALCOMM lays off locals after applying for 'thousands' of foreign workers...
BUCHANAN: Immigration is issue of the century...
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GOOGLE HUMANOID RUNS THROUGH FOREST
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NEW COUNT: CLASSIFIED EMAILS GROW TO 305...

State Dept. Finds 17,855 'Missing'...

Campaign 'factcheck' backfires...

WOODWARD: 'REMINDS ME OF NIXON TAPES'...

VIDEO...

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Revenge: The 'Sun Girls' (pictured), an all-female batallion of Yazidi women, are fighting back against the ISIS fighters who have enslaved and raped thousands of their women
All-female fighting unit to take revenge on ISIS...

'They rape us. We kill them'...

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Muhammad tipped to become top name in Britain...
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CALIFORNIA TO SEIZE FARMS FOR MASSIVE WATER TUNNELS...
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World shipping slump deepens as China retreats, Brazil economy contraction to last through 2016, Moody’s cuts India’s 2015 growth forecast
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BLOODBATH: Chinese Stocks In A Free Fall, Again… Down 6.1%!
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Yale Professor: Students Leaving Campus over ‘Racist’ Word ‘Master’
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Reluctant Kentucky clerk gets time for gay marriage appeal
A federal judge on Monday gave a Kentucky county clerk room to continue denying marriage licenses to gays and lesbians while she takes her religious objections case to a higher court.  

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The Russian Media Is Talking About What Is Coming In September, But The U.S. Media Has Been Strangely Silent
What Is Going To Happen In September - Public DomainWhy does the Russian media seem to be far more on the ball than the mainstream media in the United States much of the time?  Could it be possible that Russian reporters have more freedom to talk about important issues than reporters that work for the major corporate conglomerates in the United States do?  Of course the Russian media is far from perfect.  They put out pro-Russian propaganda just like the U.S. media puts out pro-American propaganda.  But I must admit that I often find that Russian news sources are willing to tackle controversial issues that the mainstream media in the United States would not touch with a ten foot pole.  This includes the critical events that are coming up this September. (Read More...)
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23 Nations Around The World Where Stock Market Crashes Are Already Happening
Globe Earth World Planet Ominous - Public DomainYou can stop waiting for a global financial crisis to happen.  The truth is that one is happening right now.  All over the world, stock markets are already crashing.  Most of these stock market crashes are occurring in nations that are known as “emerging markets”.  In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars.  But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those loans.  At the same time, prices are crashing for many of the commodities that those countries export.  The exact same kind of double whammy caused the Latin American debt crisis of the 1980s and the Asian financial crisis of the 1990s. (Read More....)
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8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight
Zero Hedge - “Time is now rapidly running out,” warns The Telegraph’s John Ficenec as the British paper takes a deep dive into the dark realities behind the mainstream media headlines continued faith in central planning. Sounding very “Zero Hedge”, Ficenec warns that from China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. There are signs things could get a whole lot worse..
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New Clinton email count: 305 documents referred with potentially classified information Washington Times - More than 300 of former Secretary Hillary Rodham Clinton’s emails — or 5.1 percent of those processed so far — have been flagged for potential secret information, the State Department reported to a federal court Monday. Officials insisted, however, that the screening process is running smoothly and they are back on track after falling behind a judge’s schedule for making all of the emails public. The reviewers have screened about 20 percent of the 30,000 emails Mrs. Clinton returned to the department, which means if the rate of potentially secret information remains steady, more than 1,500 messages will have to be sent to intelligence community agencies, known in government as “IC,” to screen out classified information.
* Related: State Dept. Finds 17,855 Missing Hillary Clinton Adviser Emails
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US Steel Permanently Closing Alabama Plant
Kelly Poe - The US Steel blast furnace in a Birmingham suburb won’t just be idled – it’ll be shut down permanently on or after Nov. 17, the Pittsburgh company announced Monday. It’s been a turbulent year for the steelmaker which has sent potential layoffs for more than 4,000 of its workers, including about 1,800in Fairfield, where the company has operated a blast furnace and flat-rolled finishing operations. Today about 2,000 people work at the US Steel operations in Fairfield, about 1,300 of which work at Fairfield Works. About 1,100 people will lose their jobs as a result of the closure, a US Steel spokeswoman told AL.com.
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Sometimes, while listening to people who should know, you have to turn away to keep from retching. Federal Reserve Vice Chair Stanley Fischer evoked such a reaction early today in an interview with Bloomberg's Tom Keene.

Fischer was commenting on the state of the expected Federal Reserve interest rate hike. He broke the economy into two parts--employment and inflation. He's overwhelmingly pleased with the state of employment but is waiting for inflation to rise. To classify him as a clown would be derogatory to clowns.

Fisher, like other bureaucratic misfits, looked at the July jobs report and heaved a sigh of relief. The attitude seems to be "Yeah! another 215,000 are employed."

The numbers are false because again a large portion of those are part-time placements or in non-living wage endeavors. Adding to the woes behind the raw data is the seasonal-adjustment factor. Once again that not-insignificant factor played a part in getting a nice number for a headline.

After cheerleading on the employment front, Fischer admitted worries about the low inflation rate in his interview. "A large part of the current inflation is temporary," he said--referring to oil and other raw material costs. "These will stabilize at some point so we are not going to be as low as we are forever."

Where do these people live? I can assure you it isn't on Main Street America.

Main Street is being squeezed to death. Like a never-ending boa constrictor squeezes the oxygen from his victim, Main Street is being squeezed by a 'lack of consumer spending' as Fischer noted just last week. Hey Bozo, I have a news flash for you, there is a lack of consumer spending because the consumer just doesn't have the spare nickels to rub together anymore. You can't spend what you don't have unless you are the government supported by the Fed printing press.

How is an interest rate hike going to help that?

If the Fed is waiting for inflation to move towards their 2% goal, I wonder what charts they are reading? The goal has been met, if they don't use the drop in energy prices and food. Have you ever noticed that mis-step? When food and energy were moving higher, the government trimmed those items from their calculations otherwise inflation would have been running rampant once again during the second Clinton term until now. But now that there is a bit of relief on those fronts, they immediately include them in the calculations, thus understating the inflationary effect Main Street is feeling.

Fischer, former head of the Bank of Israel, (please note how these central bankers float in the exclusive circle) admitted low inflation has become a greater concern for policy-makers.

"Our concern about the situation is not to move before we see inflation returning to more normal levels." That was the comment by Fischer that set the blood boiling.

Inflation should never be encouraged, unless they are deliberately seeking phony economic growth. This is why the Baltic Dry Index is so important right now. The measurement of goods transported by sea is dropping. In a world with more people than ever, this drop is alarming because even a maintenance of demand for each person would require more activity, not less in this index.

It is also why the retching effect had to be aborted. This is a chief monetary policy maker for the U.S. and he apparently can't see the forest for the trees. 

Inflation in services is a killer of family budgets in America. Electricity, water and trash removal costs keep accelerating. Taxes are no longer inching higher but leaping with more wanted by bureaucracy. This unrecorded inflation is crushing consumer confidence.

The confidence is eroded even faster when the bureaucratic clowns open their mouths and miss the target badly like Fischer did.

Too many analysts are following the global economy now for the talking heads to get away with their gaffs. Economic activity is slowing, not growing, across the breadth of the globe. 

For argument's sake, figure Fischer's assessment is accurate. How then do you reconcile the fact that every American job added this year, all 1.4 million, has resulted in less production, not more? Those jobs have accounted for shrinking bottom lines, not better ones, for almost every company in every sector of the economy.  

The Fed's Open Market Committee meets in mid September. Many economists expect the rate hike to be announced then. But some former government insiders are already prepping for the U.S. dollar to lose its benchmark status if that happens because of the inflationary pressures the rate hike will cause.

In this battle do not bet on Fed policy getting it right. Their track record shows a lot of nag tendencies.

"I have sworn on the altar of God eternal hostility to every form of tyranny over the mind of man."--Thomas Jefferson 
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Doomsday clock for global market crash strikes one minute to midnight as central banks lose control When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal. Time is now rapidly running out. From China to Brazil, the central banks have lost
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US Dollar Might Drop Up to 20% After Fed Hike As the US Federal Reserve prepares for a first time in a decade increase in borrowing costs, currency market participants are buying into the dollar, seeking to sell at its highest value, which is, as history shows, just before the actual tightening move. Kristian Rouz – After a year of gains, propelled by the expectations
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Deep in the forests and rolling fields of Ukraine’s western borderlands, a partnership that Russia hoped never to see is quickly – and noisily – taking shape. To the crunch of grenades and crackle of machine-gun fire, United States paratroopers are helping members of Ukraine’s national guard to better defend the country’s east from separatist
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Plague-infected squirrels found at Yosemite National Park campground About a week ago, officials said a child fell ill with the plague at Yosemite National Park. Now a popular campground there will be closed after several squirrels were killed by the disease. The plague-infected squirrels were found in the Tuolumne Meadows Campground, about 40 miles west of Crane Flat Campground, where the child was
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Greek Liquidation Sale Begins: German Company Wins Privatization Bid For 14 Greek Regional Airports
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Greek Deposits Become Eligible For Bail-In On January 1, 2016
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Caught On Tape: Native Americans Chase John McCain Off Navajo Land
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COULD FDIC Seize Bank Deposits During a Crisis? Central Banks and the regulators have declared a War on Cash in an effort to stop people trying to get their money out of the system. -
So if the bank then fails (meaning its shares fall)… so does your deposit.
Let’s run through this.
Let’s say ABC bank fails in the US. ABC bank is too big for the FDIC to make hold. So…
1)   The FDIC takes over the bank.
2)   The bank’s managers are forced out.
3)   The bank’s debts and liabilities are converted into equity or the bank’s stock. And yes, your deposits are considered a “liability” for the bank.
4)   Whatever happens to the bank’s stock, affects your wealth. If the bank’s stock falls at this point because everyone has figured out the bank is in major trouble… your wealth falls too.
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Thousands of birds merge for a split-second to form a face that eerily resembles the Russian leader
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