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    INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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    Carol
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 20, 2016 9:44 am

    ZeroHedge.com / Frontrunning: July 20



    • Trump Goes on Offense as Republicans Try to Move Past Missteps (BBG)

    • Trump could seek new law to purge government of Obama appointees (Reuters)

    • Behind the scenes, Ryan touts his agenda in Cleveland, not Trump's (Reuters)

    • U.S. Set to Seize $1 Billion in Assets Tied to Malaysian Fund 1MDB (WSJ)

    • 21st Century Fox Negotiating Exit of Fox News Chief Roger Ailes (WSJ)

    • Turkey Bonds Sink as JPMorgan Sees Moody’s Cut Draining Billions (BBG)

    • French lawmakers back emergency rule after Nice attack, inquiry demanded (Reuters)

    • New UK finance minister Hammond to face Brexit grilling at G20 (Reuters)

    • Inside the High-Profile Downfall of a $8 Billion Hedge Fund (BBG)

    • U.S. says its forces will keep operating in South China Sea (Reuters)

    • Judge Denies Lawsuit Shield for Gawker’s Nick Denton (WSJ)

    • Lessons in Bond Math: Less Than 1% Chance U.S. Yields Reach 1.1% (BBG)

    • PIMCO hires Man Group CEO Manny Roman as its new chief (Reuters)

    • Russia Dominates Wheat Market as Soggy Fields Push Out France (BBG)

    • Elon Musk wages war on too many fronts (Reuters)

    • Are Americans Finally Getting Smarter About Money (BBG)

    • Brazil’s Goldfajn Confronts Tough Balancing Act at Debut Meeting (BBG)

    • There She Is -- New Jersey Bestows Public Cash on Miss America (BBG)

     
    Overnight Media Digest
    WSJ
    - The Republican Party officially picked Donald Trump as its presidential nominee, the most unconventional candidate in modern times and a political novice who has repeatedly broken with party orthodoxy and political protocol. http://on.wsj.com/2a7NpXq

    - Twenty-First Century Fox Inc is negotiating the exit of Fox News chief Roger Ailes following a sexual harassment lawsuit filed by a former network anchor. http://on.wsj.com/2a7NxX9

    - Goldman Sachs Group Inc, long the pre-eminent trader and risk manager on Wall Street, detailed staff cuts Tuesday that could have come from just about any Main Street bank. http://on.wsj.com/2a7NVVq


    - Unilever Plc, the European consumer products giant behind Dove soaps and Axe body sprays, said late Tuesday it was acquiring the Venice, California-based startup Dollar Shave Club. Terms weren't disclosed, but people familiar with the matter said Unilever is paying $1 billion in cash. http://on.wsj.com/2a7OoqA

    - Volkswagen AG's emissions cheating spanned more than a decade and stemmed from deliberate efforts by dozens of employees to mislead regulators and consumers about diesel-powered vehicles, according to a lawsuit alleging fresh details. http://on.wsj.com/2a7Os9L

    - Gawker Media founder and chief executive Nick Denton appears to be headed for bankruptcy after a federal judge declined to shield him from a legal battle with former wrestler Hulk Hogan and his billionaire backer. http://on.wsj.com/2a7OAGz
     
    FT
    *The head of England's National Health Service, Simon Stevens, has called on the government to assure that more than 130,000 staff from the EU working in health and social care will be allowed to remain in the UK post-Brexit.


    *With consumer price inflation increasing to 0.5 percent in the year to June - before the Brexit vote and the fall in sterling - British households are facing a freeze in living standards.


    *The International Monetary Fund has cut its guidance for the UK economy next year after Britons voted to leave the EU, and warned the decision has thrown a "spanner in the works" for global growth.

    *UK MPs on the culture, media and sport select committee said in a report that the telecom provider BT needs to improve service levels or face a break-up of its business. 


    NYT
    - Twitter barred Milo Yiannopoulos, one of the most egregious and consistent offenders of its terms of service, in an attempt to show that it is cracking down on abuse. http://nyti.ms/29TrQqz

    - After a lawsuit was filed against high-speed train start-up Hyperloop One, accusing some of its top figures of harassment and mismanagement, the company sued the plaintiffs in the original case accusing the four men - one of whom is a company co-founder - of trying to start a competing venture and to poach employees to do so. http://nyti.ms/29U6SJa

    - A Brazilian judge in a state criminal court in Rio de Janeiro, ordered a nationwide shutdown of WhatsApp after the messaging service, owned by Facebook, did not turn over user data requested by authorities as part of a criminal investigation. Brazil's Supreme Court overturned the order in a few hours. http://nyti.ms/2asNvYH

    - Microsoft, in its quarterly earnings, offered strong signs that its cloud business was growing quickly. Revenue from Azure, a business Microsoft started to compete in cloud computing with Amazon, the market leader, rose more than 100 percent in the quarter. http://nyti.ms/29SNuSa

    Britain
    The Times


    IMF cuts growth forecasts for Britain after Brexit vote
    The International Monetary Fund has cut its growth forecasts for the UK and the global economy following the vote to leave the European Union. IMF called the Brexit vote a risk for the entire world economy and said that there will be a "substantial increase in economic, political, and institutional uncertainty," especially in Europe. (http://bit.ly/2a7lZ4a)


    The Guardian
    Volkswagen sued in three U.S. states over diesel emissions cheating
    Three U.S. states are suing Volkswagen AG alleging that bosses knew the automaker's cars had been engineered to cheat U.S. pollution tests and had concluded that "breaking the law and risking the imposition of fines was an acceptable cost of doing business." New York, Massachusetts and Maryland have filed lawsuits alleging that former VW Chief Executive Martin Winterkorn and other top executives were involved in a campaign of "systematic cheating and deception" to mislead US regulators over the emissions of its diesel cars. (http://bit.ly/29TE5Ek)


    Store Twenty One to axe hundreds of jobs as it shuts nearly 80 shops
    Hundreds of workers are to lose their jobs as the lossmaking fashion chain Store Twenty One prepares to close nearly 80 shops as part of a rescue deal with landlords. (http://bit.ly/29LVn6O)


    The Telegraph
    SABMiller board to discuss investor opposition to AB InBev deal
    SABMiller directors will on Wednesday discuss mounting frustration among some of the FTSE 100 brewer's shareholders with the terms of its 77 billion pound takeover by rival Anheuser-Busch InBev. (http://bit.ly/2aeSGiB)


    Sky News
    Fidelity Chief Backs May's Pay Crackdown
    One of the City's top investors is to come out in support of Theresa May's plan for a crackdown on City pay that will give investors a binding annual vote on big boardroom reward packages. Dominic Rossi, the chief investment officer at Fidelity International, will declare on Wednesday that the new prime minister's proposal will "add significant momentum to efforts to better align...rewards with shareholder interests." (http://bit.ly/29YjpxQ)


    Struggling Co-op Bank Shakes Up City Advisers
    The Co-operative Bank is shaking up its relationship with City advisers as the troubled lender prepares for an overhaul of its top executives. Co-op Bank is close to hiring investment bankers to help steer it through the next phase of a turnaround plan which began soon after its near-collapse three years ago. (http://bit.ly/2asa5kc)


    Last edited by Carol on Wed Jul 27, 2016 11:47 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 20, 2016 3:40 pm


    Retaking Mosul Is ‘Now Upon Us’ Top US Official Declares
    July 19, 2016
    Some U.S. and Iraqi officials are voicing growing optimism about the prospects of retaking the key city of Mosul from the Islamic State terror group sooner than first anticipated.


    No one is suggesting the fight to recapture the city, the Iraqi capital of the terror group’s self-declared caliphate, will be easy. But there is a sense that momentum has clearly swung in favor of Iraqi forces backed by U.S. and coalition air power — and that now is the time to press the advantage.
    “In many ways our campaign is now ahead of where we thought it would be at this time,” U.S. Special Presidential Envoy Brett McGurk said Tuesday, ahead of two meetings to focus on the future of Iraq and the fight against IS.
    “Mosul is now upon us,” he added at an event with the Iraqi foreign minister at the U.S. Institute for Peace, noting that the Iraqi Security Forces have not lost a battle in over a year.
       

    HSBC Foreign-Exchange Executive Arrested at JFK, Charged With Front-Running Order

    Prosecutors claim Mark Johnson and others traded ahead of a client’s purchase of $3.4 billion worth British Sterling
    By CHRISTOPHER M. MATTHEWS
    Updated July 20, 2016 9:44 a.m. ET
    U.S. authorities arrested and charged HSBC PLC’s global head of foreign exchange cash trading Tuesday night, alleging he and others front ran a client order and netted millions in profits.
    Mark Johnson was arrested by Federal Bureau of Investigation agents Tuesday night at John F. Kennedy international airport in New York, according to a person familiar with the matter. He will appear in Brooklyn federal court later Wednesday.
    Mr. Johnson couldn’t be reached for comment.
    Federal prosecutors allege Mr. Johnson and Stuart Scott, the former HSBC European head of currency trading, traded ahead of a client’s purchase of $3.4 billion worth British Sterling, the person said. They are charged with one count of conspiracy to commit wire fraud.
    Mr. Scott hasn’t been arrested.
    An HSBC spokeswoman declined to comment.
    http://www.wsj.com/articles/hsbc-foreign-exchange-executive-charged-with-front-running-order-1469021412


    G20 Meeting Friday, July 22: IMF, World Bank, WTO, OECD, FSB
    Snip... Mr Kim also plans to meet with other government officials before heading to the gathering of G-20 finance ministers and central bank governors July 23-24 in Chengdu, the lender said in a statement Monday. The World Bank didn't name the other officials Mr Kim plans to meet. 

    Li to meet Lagarde, Kim as China hosts global groups before G-20 Friday July 22nd
    Chinese Premier Li Keqiang will discuss economic growth, trade and finance in Beijing Friday with the heads of six global organizations, including International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim.

    The gathering, just before China hosts the next round of Group of 20 meetings this weekend, will also include leaders of the World Trade Organization, Organisation for Economic Co-operation and Development, Financial Stability Board and World Federation of Trade Unions, China's Ministry of Foreign Affairs said in a statement Monday.


    Japan, U.S. finance ministers to meet ahead of G20 in China
    REUTERS
    Finance Minister Taro Aso and U.S. Treasury Secretary Jack Lew will meet on Saturday morning before the G20 finance chiefs kick off their weekend meeting, at which they are expected to discuss the impact of Britain's exit from the European Union.
    During previous talks held earlier this year, Aso and Lew voiced different views on currency moves. While Aso warned that the yen was rising too rapidly, Lew maintained that foreign-exchange moves were orderly, a remark taken by markets as a caution against intervention.
    On Sunday, Aso will also hold a bilateral meeting with his Australian counterpart Scott Morrison shortly after the G20 meeting wraps up in the afternoon, the ministry added.


    Dollar Hits Four-Month High
    Expectations of tightening monetary policy boost the currency
    By IRA IOSEBASHVILI
    July 20, 2016 10:55 a.m. ET
    The dollar hit its highest level in four months Wednesday, as a spate of strong U.S. data in recent weeks boosted expectations that the Federal Reserve will increase rates in coming months.
    The Wall Street Journal Dollar Index, which gauges the dollar against a basket of 16 currencies, was recently up 0.2% at 88, its highest level since early March.
    While officials are almost certain to leave rates unchanged at the central bank’s July 26-27 meeting, central bankers could signal they are more optimistic on the direction of the U.S. economy and suggest that a rate increase could come as early as September, some investors believe.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 20, 2016 11:17 pm

    http://wolfstreet.com/2016/07/18/nightmare-on-wall-street-republicans-democrats-agree-on-reinstating-glass-steagall-act/


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 21, 2016 8:55 am

    George Soros Doubles Down: Accept 300k Refugees Costing $30Bn, Or Risk EU Collapse




    Seemingly doubling down on his comments in April (following what he called Europe's "flawed asylum policy"), George Soros details his plan (over-riding the current "piecemeal approach") for rescuing Europe before it is too late. Simply put, the billionaire says the EU must take in hundreds of thousands of refugees a year, spend at least 30 billion euros (a minor sum, since he believes it can all be financed by debt and taxes) or Europe faces an "existential threat."




    http://www.zerohedge.com/news/2016-07-20/george-soros-doubles-down-accept-300k-refugees-costing-30bn-or-risk-eu-collapse





    Personal note: He is fricking insane and a globalist out to destroy sovereign nations.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 22, 2016 10:29 am


    https://www.youtube.com/watch?v=dUTv0aVdQNg
    Greg Hunter-Weekly News Wrap-Up 7.22.16


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 22, 2016 11:01 am

    LAGARDE TO STAND TRIAL IN FRENCH ARBITRATION DEAL...
    NEGLIGENCE... 

    PARIS (AP) -- France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in France over a 2008 arbitration ruling that handed 400 million euros to a politically-connected business magnate. Lagarde, who was French finance minister at the time of the deal in favor of tycoon Bernard Tapie, is accused of negligence in the case. She has denied wrongdoing.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 22, 2016 11:04 am

    The Market's Biggest Permabull Is "Scared About The Month Of August"





    JPM's former permabull, Tom Lee, needs no introduction: any time he appears on CNBC, his advice has been simple: buy it all. Which is why we were surprised to read that while Lee remains generally bullish on central planning, and its most direct manifestation, new all time highs, he writes in his latest commentary that he is "scared about the month of August."


    Investors Plow Record Cash Into Emerging Markets, As Europe Suffers Record Outflows





    Whether it is due to the recent speculation that Japan may usher in helicopter money, or ongoing concerns about what Brexit may do to the future of European asset returns, there has been a dramatic shift in fund allocation and as Bank of America reports, investors are rushing to vote with their wallets. They have done so in the latest week by continuing to plow money into EM stocks, allocating a record amount of cash to Emerging Markets, while yanking a similarly record amount of cash from Europe.



    EURUSD Plunges To Post-Brexit Lows





    Following disappoingly un-dovish commentary from Bank of England and ECB, it appears a dearth of monetary exuberance (over and above the current insanity) is prompting capital flight from Europe. EURUSD tumbled to a 1.09 handle this morning, near post-Brexit lows...



    Its 2007 Deja Vu All Over Again: Goldman Is Raising $8 Billion LBO Fund





    The last time Goldman raised an private-equity buyout fund was in 2007: at just over $20 billion, it was the second biggest private-equity fund ever. It also top-ticked the market. Nine years later, the WSJ reports that Goldman is finally preparing a much anticipated sequel, in the form of a corporate-buyout fund with assets between $5 and $8 billion.



    US Has Spent $11.5 Million A Day For Past 542 Days Straight In Fight Against ISIS





    After two years of bombing, the U.S. recently marked a horrendous milestone in a war with no clear end in sight. Vocativ reportedthat the American-led coalition in the Middle East has now dropped 50,000 bombs in the ongoing campaign against ISIS that began in August 2014.


    WTI Tumbles To $43 Handle - 3-Month-Lows - As Gasoline Glut Deepens





    Mainstream media is beginning to catch on to what we detailed first in February, the gasoline glut is about to bite back. Sept 16 WTI has tumbled from over $51 a month ago to a $43 handle today, tracking last year's pump-and-dump of hope perfectly.


    Fed Runs Out Of Excuses As US Manufacturing 'Bounces' Back To 9-Month Highs





    So China is 'stable', Brexit is 'over', record high stocks, 'good' payrolls, rising inflation, and now US manufacturing is rebounding strongly? Data-dependent Fed is going to need more excuses.



    Last edited by Carol on Wed Jul 27, 2016 11:35 am; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 22, 2016 11:05 am

    Trumped - A Nation On The Brink Of Ruin... And How To Bring It Back





    "... the real disease is bad money and towering debts. The actual culprits are the Wall Street/Washington policy elites who have embraced statist solutions which aggrandize their own power and wealth. That much, at least, Donald Trump has right."




    Verizon Set To Buy Yahoo For $5 Billion




    It appears that after years of attempts to quietly, then not so quietly sell itself, the increasingly troubled former internet portal giant may have finally found the "greatest fool" thanks to Verizon. According to Bloomberg, Verizon is the lead bidder for Yahoo with a total consideration of about $5 billion, and an announcement may come in the next few days.




    The Real Numbers Behind GE's "Beat": Organic Orders -16%; Power -27%; Equipment Orders -30%; Aviation -37%




    How did a company which saw an unprecedented 16% plunge in organic orders not only report a 65% surge in earnings, but smashed Wall Street expectations? Read on for the 1 minute explanation.




    If We Can't Be Honest, No Solution Is Possible





    Dishonesty wasn't really a solution, it was simply easier.




    DSK'd? IMF's Lagarde Loses Fight To Avoid French Trial Over Corruption Case




    In December we warned of her career's "terminal decline," and it appears, just as with Dominic Strauss-Kahn, someone is upset at the IMF Director (perhaps she has just been too darn negative, or pushy towards policy-makers?). In a surprising twist for 'the establishment' Bloomberg reports that Christine Lagarde may face consequences for her actions (or lack of them). France’s Supreme Court rules that The IMF director will have to stand trial for alleged “negligence” in accepting an arbitration panel decision in favor of a French businessman.




    Pound Plummets On Renewed Recession Fears As PMI Shows Fastest Contraction Since 2009




    Sterling plummeted nearly 200 pips this morning, after rising in early trade to just shy of 1.33, when the latest July Markit flash PMI surveys suggested the UK is heading for a quick recession in the form of a 0.4% GDP contraction in the third quarter. As Markit reported, "July saw a dramatic deterioration in the economy, with business activity slumping at the fastest rate since the height of the global financial crisis in early-2009."




    Frontrunning: July 22



    • Global stocks fall, UK PMIs flash Brexit recession warning (Reuters)


    • Trump's greatest hits, all in one speech (Reuters)


    • Donald Trump Accepts GOP Nomination, Promises to Fix America (WSJ)


    • Trump's America Grows More Ominous Over 13-Month Run (BBG)


    • Hillary Clinton: unwitting star of the Republican convention (FT)


    • Clinton faces pressure to pick VP who is tough on trade, Wall Street (Reuters)



    Last edited by Carol on Mon Jul 25, 2016 11:35 pm; edited 1 time in total


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Jul 25, 2016 11:33 pm

    Well this is an interesting perspective. Not sure how much truth is in it but it does raise a number of questions.



    Benjamin Fulford Report: "Rothschild Game Plan" -- July 26, 2016




    Rothschild game plan was to reverse the results of World War I

    Posted by benjamin
    July 26, 2016

    Full Report

    The final game plan of the Rothschilds was to reverse the results of World War I by reinstating the German, Austro-Hungarian and Russian monarchies, sources in Germany and the US agree. The plan that is now unfolding in Europe calls for a civil war against a “Muslim” enemy. The so-called “Muslim” terrorists are being financed with money supposed to be spent on fighting so-called carbon induced global warming, the sources ad. This is why we are seeing daily “Muslim” terror attacks that seem to always involve “lone wolves” who die in the attack. That way there is no need to have a messy trial where facts might have a chance of intruding into the public mind.

    In any case the sources say that after a summer of increasingly severe terrorist attacks, European bank ATMs will be shut down, possibly in August or September. It is at this point where the royal families will present themselves as “saviors” and provide the people with huge amounts of fiat money and “security,” in exchange for the reinstatement of their monarchies.

    The reinstated European royalty will be headed by a German “Kaiser” (Caesar) who will have four kings will be appointed under him, they say. The candidate for Kaiser will probably come from either the Habsburg or Hohenzollern royal families, they note. That means Karl Habsburg or the Hohenzollern Georg Friedrich Prince of Prussia. Another candidate they mention is Ferdinand Zvonimir Habsburg-Lothringen.

    The Tsar of Russia would be most likely Prince Michael of Kent

    https://en.wikipedia.org/wiki/Prince_Michael_of_Kent

    because he has the most Romanov blood of all the European royals. This fits in with what Russian sources have long told us and that is that Vladimir Putin was put in power by a faction in the KGB that was loyal to the Russian royal family.

    This move combined with the push by Turkey’s Recep Erdogan to restore the Ottoman Turkish Empire would, if successful, restore the German, Austro-Hungarian and Turkish empires; essentially bringing Europe and the Near-East back to the situation that existed before World War I.

    So, a hundred year plot to reverse the Anglo-American victory in World War I has now been un-masked.

    The Brexit vote in this context means the British Royal Family will not have to fall under the rule of the restored monarchies of Europe.

    The question of course is, will the European people passively agree to be terrorized and financially blackmailed into restoring these bloodlines to formal power? We may well find out this summer and autumn. In the meantime expect a Gladio frenzy of increasingly lurid false flag attacks and well-financed, violent demonstrations. It is also a good bet that German Chancellor Angela Merkel and French President Francois Hollande will lose power later this year.

    Meanwhile a serious power struggle is also coming to a head in the United States. CIA sources say that “China has given the secret codes for a large amount of gold (thousands of metric tons)…to be given as a loan to the US Treasury so that the dollar will not implode.” The catch though is that “the boys in DC must indict Killary.”

    Since the Democratic Party Presidential Convention started this week with a big “Russian” e-mail leak about how Democratic Party brass rigged things for Hillary Clinton, there can be no doubt a serious power struggle is underway in Washington DC. Democratic Party National Committee head Debbie Wasserman Schultz, who was fingered in the e-mail leak, has said she will resign “after the convention.” CIA sources say it is very likely she will be killed soon to stop her from testifying about how she stole the election for Clinton.

    The Pentagon and agencies have already forced both the Democratic and Republican parties to promise they will restore the Glass-Steagall act. This means a forced end to the crooked casino that the Bush/Clinton faction of the Khazarian mafia had turned the US financial system into.

    The P2 Freemason lodge also forced Hillary to accept Tim Kaine, a Jesuit, as her candidate for Vice President, CIA sources say. Since Trump is also supported by the Jesuits and P2, this means they have both side covered in the US now. So, as the Soviets used to say during the cold war, the Americans can choose between Pepsi Cola or Coca Cola, but you can be certain wine, tea, coffee etc. will never be on the ballot.

    A clear indication of how corrupt and decadent the US system has become can be seen in Secretary of State John “Skull and Bones” Kerry acting as a shill for Satanic chemical corporations like Dupont. Kerry was in Vienna last Friday saying “air-conditioners were as big a threat to life as terrorism.” What is happening is that 17 years have elapsed since the Dupont Corporation and its crime partners got fluorine [Freon] gas to be banned just as their patent on it was expiring. Their BS fluorine [Freon] caused ozone hole story fooled just about everybody at the time. Now, the patent on their replacement for fluorine, hydroflourocarbons (CFCs) is expiring too, so their moronic slave Kerry is being paraded out in front of world dignitaries to argue that banning CFCs will “literally save life on the planet itself.”

    http://www.foxnews.com/politics/2016/07/23/kerry-air-conditioners-as-big-threat-as-isis.html

    What he really means is that it will save his chemical buddies annual $20 billion or so in revenue on selling patented refrigerants for the worlds air-conditioners, refrigerators etc. What sort of degenerate political system is it that gets the foreign minister of what used to be the world’s greatest country to tell outright lies on behalf of corporations so that they can swindle money out of people in poor countries who desperately need air-conditioning? It is a system so corrupt it must be overthrown.

    Speaking about which, there has been response to the one ton gold bounty placed on many of the top bosses of the Khazarian mafia by the White Dragon Society. The US special forces command has contacted the WDS to ask for written bounty notices that can be presented to persons on the list. They want this because they do not want to start a “sheepdog on sheepdog” situation where special forces fight each other as some try to protect the people on the list and others try to arrest them.

    These documents are being prepared and the special forces will operate in harmony to carry out the anti-Khazarian mafia mission. The bounties will be issued by the Planetary Liberation Army general command in conjunction with the WDS.

    The WDS also knows it will lose face if some action is not taken after the deadline given to the Rothschilds expires at midnight Hawaii time on July 25th. Since the Rothschilds are now hiding in Switzerland, there may be a delay before action is taken but it will be taken.

    Nathan Rothschild, who originally agreed to meet with the WDS, has publicly announced he is not inviting his father to his wedding to make it clear the blockage of a deal is the responsibility of his father and uncles, not him.

    http://www.dailymail.co.uk/tvshowbiz/article-3693672/Snub-80-year-old-Lord-Rothschild-ahead-son-s-wedding-family-torn-apart-feud-GIRL-TOWN.html

    For this reason, the one ton gold bounty on Nathan has been suspended. Also, Asian secret societies, even though they suffered destruction of irreplaceable cultural treasures like the Summer Palace, do not want to destroy priceless artworks, the heritage of all humanity, to get a few old men. That means the complex in Zug, Switzerland will not be hit with a missile. Instead, expect “precision surgery,” they say.

    The Rothschilds may be thinking the recent ruling against China in the South China Sea can be used to manipulate the US military and its allies into war with China. Certainly Pentagon sources feel they have right on their side now that a court ruling has been made. So there is definitely going to be some heavy brinkmanship ahead as the US is threating to send a multinational naval task force to the South China Sea to enforce the ruling, Pentagon sources say.

    The Chinese meanwhile argue the tribunal was a “political farce,” and noted that none of its 5 members was Asian or knew much about Asian history or culture.

    http://news.xinhuanet.com/english/2016-07/25/c_135536663.htm

    Nonetheless, the Chinese have agreed to let Singapore arbitrate on the South China Sea issue with ASEAN. Since Singapore is regional CIA and MI6 headquarters, it is clear the Chinese are looking for a compromise.

    Of course this whole South China Sea thing is just a pretext for the Rothschilds to play their US military might card in the ongoing bankruptcy negotiations of the Rockefeller and Rothschilds’ UNITED STATES OF AMERICA and UNITED NATIONS corporations. The Republic of the United States is not bankrupt and must not let itself be manipulated in this manner by owners of a corporation based in Washington DC.

    Meanwhile in the Middle East, repercussions from the failed coup attempt in Turkey are continuing to be felt in many ways. Pentagon sources say Turkish President Recep Erdogan “may have signed his own death warrant since 90 US nukes and 1500 US airmen are potential hostages at Incirlik” airbase. The Pentagon sources also say Turkey may have turned East but it was “still under the watchful eyes of Russia, Iran, Iraq and Syria because nobody trusts Erdogan.”

    However, the Pentagon sources also say the Bush cabal is “reeling from the loss of CIA drug flights to and from Incirlik.”

    The other thing that has happened in the Middle East is that Russia sent a drone over Israel to systematically gather intelligence about Israeli military deployment. Furthermore the drone was able to disable 3 Israeli missiles, making it clear they have total air superiority and that the Israel Defense Forces are “sitting ducks.” Israel is now expected to become a Jewish autonomous zone within the restored Caliphate. Their attempt to malign moderate Islam by creating a fake radical Islamic ISIS boogey-man has failed.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Eartheart on Tue Jul 26, 2016 11:56 am

    Lmao
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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 27, 2016 11:35 am

    Massive blow to millions of bank customers as HSBC threatens negative interest and Santander plots to slash the rate on Britain's favourite current account 


    The news comes after HSBC issued a warning it could begin charging customers for holding their money, although the charge would only apply to funds held in foreign currencies, not in pounds.


    http://www.dailymail.co.uk/news/article-3710269/Now-HSBC-threatens-negative-Santander-plots-slash-rate.html


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 27, 2016 11:40 am

    IRS Launches Investigation Of Clinton Foundation




    Lawmakers charged the Clinton Foundation is a “lawless ‘pay-to-play’ enterprise that has been operating under a cloak of philanthropy for years and should be investigated.”

    Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come




    Never has Germany's lending giant Deutsche Bank looked this miserable, and according to its latest earnings release, the pain is set to get even worse.

    Oil Crashes To $41 Handle After Surprise Inventory Build, Production Rise




    Despite last night's API-reported surge in Cushing inventories, oil futures surged into this morning's DOE data on the heels of terrible durable goods data. However, a shocking build in overall crude levels (+1.67mm vs -2mm) breaking crude's record 9-week streak of draws, sent crude prices reeling to a $41 handle (the lowest since April's Doha production free talks failed). Cushing also saw a major build as did Gasoline and production rose for the 3rd week in a row.


    Chinese Stocks Sink Over Fears Regulators Will Curb Wealth Management Schemes




    Overnight China's Banking Regulatory Commission drafted new rules curbing the nation’s multi-trillion market for wealth management products, which was not taken well by the local stock market, leading to a plunge in stocks in early Chinese trading, before rebounding at the close of trading. China's ChiNext index of smaller companies sank as much as 5.5%.

    Silver Surges Over $20 After Dismal Durable Goods Data




    After 21 straight days of economic imporvements, today's dismal durable goods orders appears enough to prompt 'the QE trade' as bonds, stocks, and bullion surge (and dollar drops). Silver just spiked to $20...


    Durable Goods Orders Crash Most In 2 Years - Longest Non-Recessionary Streak Of Declines In US History




    Despite the longest winning streak for US macro data in US history, Durable Goods Orders collapsed in June. The 4% MoM plunge (vs -1.4% exp) is the biggest drop since Aug 2014. This represents a 6.6% YoY crash - the biggest drop since July 2015. The drop appears driven by  plunge in airplane orders (non-defense aircraft and parts). Worse still, core durable goods orders extended their annual declines to 18 months straight - the longest non-recessionary streak of declines in US history.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Wed Jul 27, 2016 11:44 am

    Frontrunning: July 27


    • Democrats Achieve an Uneasy Détente at Convention (WSJ)
    • Obama Economy Left Behind the Backers That Clinton Needs to Win (BBG)
    • European stocks rise, Asia lifted by Japan stimulus (Reuters)
    • PM Abe's plan for $265 billion stimulus puts pressure on BOJ to ease (Reuters)
    • Abe’s Unusual Stimulus Unveiling May Be Directed at the BOJ (BBG)
    • Oil falls close to three-month low as oversupply weighs (Reuters)
    • Deutsche Bank Profit Plunges Amid Turnaround Effort (WSJ)
    • Obama says it is possible Russia would try to sway U.S. election (Reuters)
    • Elon Musk Sees His Tesla Master Plan Costing Tens of Billions (BBG)
    • U.S. Seeks to Steer South China Sea Dispute Into Calmer Waters (WSJ)
    • Steven A. Cohen’s Newest Bet: Do-It-Yourself Computer Traders (WSJ)
    • Coca-Cola quarterly revenue drops 5.1 percent (Reuters)
    • France's Hollande meets religious leaders amid row over attacks security (Reuters)
    • Pimco, Prudential Say Next Big Buy in Junk Is the U.S. Consumer (BBG)
    • French ex-commissioner to lead EU Brexit talks (Reuters)
    • Tesla's Musk sees 'modest' capital raise for next strategic turn (Reuters)
    • Pimco’s New CEO Will Battle to Escape the Shadow of Bill Gross (BBG)
    • Japanese police raid house of knife attack suspect (Reuters)

     
    Overnight Media Digest
    WSJ
    - Two followers of Islamic State killed a priest while he was celebrating Roman Catholic Mass Tuesday, the first time a church has been attacked amid a wave of terrorist violence rocking Western Europe. http://on.wsj.com/2atIyCE
    - Anheuser-Busch InBev raised its offer for SABMiller Plc in their proposed $100 billion-plus beer megamerger, trying to assuage concerns over the valuation of the deal after the British pound's steep descent. http://on.wsj.com/2atqoRe
    - Analog Devices Inc agreed to buy Linear Technology Corp in a cash-and-stock deal valued at $14.8 billion, uniting two venerable names in a lucrative subset of the semiconductor industry. http://on.wsj.com/2abXobf

    - A key supplier of semi-autonomous car technology ended a supply agreement with Tesla Motors Inc following a high-profile traffic fatality in May involving one of the Silicon Valley company's electric vehicles. Mobileye NV said it would no longer provide its computer chips and algorithms to Tesla after a contract ends due to disagreements about how the technology was deployed. Mobileye provides core technology for Tesla's Autopilot system, which allows cars to drive themselves in limited conditions. http://on.wsj.com/2ab8uNI
    - Qualcomm Inc will pay $19.5 million to settle claims that women at the chip maker receive lower pay and fewer chances for promotion than men, according to papers filed Tuesday in a San Diego federal court. http://on.wsj.com/2ashOBg
    - LG Display Co Ltd, one of the world's biggest makers of display panels used in smartphones and televisions, said it would invest 1.99 trillion won ($1.75 billion) to produce flexible organic light-emitting diode, or OLED, displays for use in mobile phones. http://on.wsj.com/2aamrBR
     
    NYT
    - Fiat Chrysler has been acclaiming a long run of rising new-car sales. At last count, it had higher vehicle sales 75 months in a row. Under investigation by the SEC on suspicion of inflating the data for some months, it said that it was changing the way it counts cars sold by its dealers. http://nyti.ms/2aapnhQ
    - Every one of Apple's major hardware businesses posted declines in the three months that ended in June. Apple's weak results were partly a result of the company's position at the end of its product cycle. In September, it is expected to announce upgrades to its iPhone hardware and software, which happens every two years. http://nyti.ms/2aapM3E
    - For months, Twitter has been grappling with worsening advertising growth and anemic audience growth. Twitter reported its worst quarterly revenue growth ever and only a slight increase in users for the second quarter. http://nyti.ms/2aapZ6W


    - American intelligence agencies have told the White House they now have "high confidence" that the Russian government was behind the theft of emails and documents from the Democratic National Committee. http://nyti.ms/2aaq4rw
     
    Canada
    THE GLOBE AND MAIL
    ** Ontario's Financial Accountability Officer Stephen LeClair says the province's Liberal government is hiding information from him - keeping secret financial data on the controversial privatization of Hydro One, major infrastructure projects and spending in the healthcare system. (http://bit.ly/2a91jI2)
    ** Alberta is set to take the lead from British Columbia in having Canada's most onerous carbon pricing, as the federal government presses all provinces to increase levies aimed at reining in greenhouse gas emissions, according to a report released by Canada's Ecofiscal Commission on Wednesday. (http://bit.ly/2a94kYV)
    ** Canada's Minister of Innovation, Science and Economic Development Navdeep Bains is overseeing the development of a federal innovation strategy, starting with consultations this summer around six core themes. (http://bit.ly/2a95bc3)
    NATIONAL POST
    ** Citing concerns over residential affordability, British Columbia slapped an additional 15 percent property tax transfer fee on all foreign investors, and entities representing them, for purchases in Metro Vancouver effective Aug. 2. (http://bit.ly/2a97pIz)
    ** BlackBerry Ltd has released a new mid-range, touchscreen Android smartphone with a focus on security in its latest attempt to return its waning hardware business to profitability. (http://bit.ly/2a97eNk)


    Britain
    The Times
    Anheuser Busch InBev has upped its offer for its rival SABMiller Plc but the revised bid was immediately panned by one leading shareholder to leave the third biggest deal in corporate history teetering on the brink. http://bit.ly/2atCiuW
    A leading London hotel could become the centre of a bidding war after a consortium of Saudi and UK family wealth funds made a $1.3 billion offer to buy Grosvenor House. http://bit.ly/2atDePQ
    The Guardian
    BT will not have to sell off its Openreach broadband division despite concerns that it has been starved of investment and provides a poor quality of service to millions of homes. http://bit.ly/2atDLBs
    Britain has suffered a bigger fall in real wages since the financial crisis than any other advanced country apart from Greece, research shows. A report by the TUC, published on Wednesday, shows that real earnings have declined more than 10% since the credit crunch began in 2007. http://bit.ly/2a821Fx
    The Telegraph
    RBS and NatWest's decision to consider cutting interest rates below zero could prompt all of the other big banks in the UK to follow suit, analysts believe, leaving most small businesses facing the prospect of paying for the privilege of holding money with their bank. http://bit.ly/2avtjGu
    Amazon will step up its drone tests in UK airspace after winning approval from the Government to lift strict flying restrictions in a major boost to its plans for unmanned delivery aircraft. http://bit.ly/2afFYiN
    Sky News
    Ofcom has called for Openreach, which develops and maintains the network used by phone and broadband providers, to become a "distinct company". http://bit.ly/2att0PB
    One of the City's most prominent stockbrokers, Cenkos Securities, is facing a fine of hundreds of thousands of pounds over its relationship with a scandal-hit insurance technology group. http://bit.ly/2aeSATE


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:37 pm

    Crude Crashes Into Bear Market To April Doha Lows




    WTI Crude (Sept 16) futures are within a hair of trading with a $40 handle - something that has not happened since the lows after the failed Doha talks in April. From the June highs at almost $53, oil is down 22% - a bear market -as inventories, rig counts, and production all rise.

    Credit Suisse: We Have Never Had So Many Traders Saying "We Are Totally Lost"




    In his latest Global Equity Strategy update piece, Credit Suisse strategist Andrew Garthwaite takes a random walk across Wall Street's trading desks, and confirms what many know: namely, that nobody actually knows anything.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:38 pm

    US Homeownership Rate Crashes To Lowest Since 1965




    After staging a feeble rebound in late 2015, the US homeownership rate just tumbled from 63.5% to 62.9%, tied for the lowest print going back more than 50 years, to 1965.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:39 pm

    Ford Plunges After Warning "We Don't See Growth", Warns US Auto Industry "Has Plateaued"




    The reason Ford stock is plunging this morning is not so much the company's earnings miss, when the US auto giant reported Q2 EPS of $0.52, below the $0.60 expected, but because in some startling language, CEO Mark Fields laid out a very gloomy picture of the future.

    Atlanta Fed Just Slashed its Q2 GDP Estimate To 1.8%, Cycle Low




    Just hours before tomorrow's official GDP print, the Atlanta Fed just took an axe to its GDPNow US economic growth forecast. Despite the record-breaking streak of positive economic surprises, following yesterday's durable goods data and today's advance economic indicators report, GDPNow has crashed from over 2.4% to 1.8% growth for Q2.


    If Everything Is So Great, Then Why Do Two-Thirds Of Americans Say The Country Is On The Wrong Track?





    Despite the protestations by President Obama and Hillary Clinton that America is great (the greatest in fact) and doom-and-gloom-mongery is a false narrative, reality is that Americans appear to be increasingly pessimistic about the future of America.



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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:42 pm

    Oil Industry About To Be Burned Again By Fall In Oil Prices




    The current oil-price rally led many to believe that a full price recovery was underway. But inventories have been too large for that to happen short of epic supply interruptions. U.S. rig counts have surged as oil prices sink. Capital is driving the oil markets and it enables bad behavior by producers. That is why oil prices will stay low. The oil-price rally that began in February is over.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:50 pm

    Frontrunning: July 28

    • Fed caution hits dollar as Japan anticipation builds (Reuters)
    • Obama asks U.S. voters to 'carry' Clinton to White House, defeat Trump (Reuters)
    • Democrats skewer Trump (Politico)
    • Obama, Biden Toss Barbs at Trump and Say Clinton Is Only Choice (BBG)
    • Did Donald Trump’s Executives Violate the Cuban Embargo? (BBG)
    • 'Helicopter money' might weaken currencies more than QE as sky's the limit (Reuters)
    • German inflation remains weak despite rise in July, state data suggest (Reuters)
    • China says to hold drills with Russia in South China Sea (Reuters)
    • Gas Taxes Keep Rising to Quell a Different Kind of Road Rage (BBG)
    • China’s Taikang Life Insurance Takes 13.5% Stake in Sotheby’s (WSJ)
    • Insurance Companies Have Joined the Ranks of Shadow Banks (BBG)
    • German police raid mosque and apartments in crackdown on Salafists (Reuters)
    • Little known jihadist inspired latest wave of ‘lone wolf’ attacks (Reuters)
    • Second French church attacker was known to police: sources (Reuters)
    • Households on the Hook for Italy’s Next Bailout (BBG)
    • Credit Suisse: No Time to Gloat (BBG)
    • Tepco’s Profit Plummets Amid Declining Sales and New Competition (BBG)
    • Gawker Founder Nick Denton Wins Temporary Reprieve From Hulk Hogan Judgment (WSJ)

     
    Overnight Media Digest
    WSJ
    - The Federal Reserve opened the door to an interest rate increase later this year, possibly as early as September, after a policy meeting at which officials concluded the economy is on more solid footing and risks to the outlook have diminished. http://on.wsj.com/2auOlqm
    - A Chinese life insurance company run by the grandson-in-law of Chairman Mao Zedong has bought a 13.5 percent stake in Sotheby's, citing a "positive view" of the auction house as well as potential interest in a board seat. Taikang Life Insurance Co Ltd <IPO-TKLI.HK>, one of China's biggest insurance companies, disclosed its stake Wednesday in a filing with the Securities and Exchange Commission, a regulatory requirement for active investors who press for corporate change. http://on.wsj.com/2ab8b7T

    - Boeing Co said in a regulatory filing Wednesday that it might stop production of the 747, ending nearly a half-century of building the plane that became the aircraft of choice for the U.S. president and other heads of state. http://on.wsj.com/2av9JgQ

    - SABMiller Plc has paused its integration work with Anheuser-Busch InBev, as the London-based brewer's board consults with shareholders over whether the revised offer AB InBev broached on Tuesday is acceptable. http://on.wsj.com/2ahPv51

    - Eli Lilly and Co Chief Executive John C. Lechleiter will retire at the end of the year, the company said Wednesday, capping nearly four decades at the pharmaceutical manufacturer and an eight-year tenure at its helm. The company's board tapped David A. Ricks, the head of its biomedicines division, as Lilly's next CEO. http://on.wsj.com/2a4FdVs

    - A Florida appeals court temporarily lifted the threat of personal bankruptcy hanging over Gawker Media LLC founder Nick Denton as a result of a heated legal battle with former wrestler Hulk Hogan. The judge's ruling Wednesday prevents Terry Bollea, the wrestler's real name, from enforcing a $140 million invasion-of-privacy judgment handed down in Florida earlier this year over sex tape the blog published in 2012. The judgment, which is being appealed, led Gawker to file for Chapter 11 protection last month. http://on.wsj.com/2a5rZaU
     
    NYT
    - Federal regulators are preparing to significantly strengthen the rules that govern debt collection in an effort to clamp down on collectors who hound consumers for debts they may not even owe. http://nyti.ms/2ascVH9

    - Carlyle Group plans to announce on Thursday that it has appointed Sandra Horbach as one of two co-heads of its main United States buyout arm. The move will make Horbach one of the most senior women in private equity. http://nyti.ms/2asddO1

    - Facebook reported second-quarter earnings with strong increases across almost every measure. It said sales totaled $6.44 billion for the quarter, up 59 percent from a year ago, while profit almost tripled to $2.06 billion. The rise was driven by strong mobile ad sales, as well as a steady ascent in its number of users. http://nyti.ms/2asdr7T

    - Teva Pharmaceutical Industries won U.S. antitrust approval to buy Allergan's generics business after agreeing to sell 79 generic drugs to rival firms. Federal Trade Commission's Bureau of Competition said in a statement that the settlement "safeguards the competitive availability of these medications for patients across the country who depend on them." http://nyti.ms/2asdwZc
     
    Canada
    THE GLOBE AND MAIL
    ** Canada's federal housing agency has raised new alarms about the country's housing market, warning that euphoria over real estate is spreading beyond detached homes in Toronto and Vancouver to townhouses and condos, and to other cities. (http://bit.ly/2azYzE8)

    ** Alberta's wildfires took their toll on Suncor Energy Inc in the second quarter. Overall production averaged 330,700 barrels a day, down 41 percent from the same period in 2015. (http://bit.ly/2aiX3rg)

    ** Macquarie Capital Markets Canada Ltd is losing a veteran energy analyst. Chris Feltin, who has worked in equity research for 12 years at the Australian-owned bank and the Canadian firm it acquired, has decided to take a mid-career break. (http://bit.ly/2ajAgbZ)

    NATIONAL POST
    ** The government of Ontario has named Hudson's Bay Co vice chair Bonnie Brooks as the new Liquor Control Board of Ontario's chair, one day after announcing the launch of an online site where customers will be able to order alcohol. (http://bit.ly/2ay73yM)

    ** The return of the gold bull market in 2016 is driving massive cash generation for Canada's largest miners of the metal. Barrick Gold Corp, Kinross Gold Corp and Agnico Eagle Mines Ltd reported major improvements in cash flow generation. (http://bit.ly/2ay7Y2a
     
    Britain
    The Times
    At least one airport in the south of England is expanding. London City has been given the go-ahead to increase capacity by nearly 40 percent as part of a 344 million pounds ($455.32 million) plan. http://bit.ly/2ayNcwg

    Royal Bank of Scotland Group Plc is attempting to settle a multibillion-pound legal claim brought by shareholders who say they were misled into supporting the bank's 12 billion pounds rights issue in 2008. http://bit.ly/2ayPrzF


    The Guardian
    The UK arm of Spanish bank Banco Santander SA, has admitted it would be able to charge some customers to hold their deposits if interest rates drop below zero, without having to send letters warning them of the possibility in the way that Royal Bank of Scotland has. http://bit.ly/2ayQ0cN

    London-based brewer SABMiller Plc has paused integration planning with Budweiser owner Anheuser Busch InBev SA while it reviews its U.S. suitor's improved takeover offer. http://bit.ly/2ayQeAv

    The Telegraph
    Stockbroker Cenkos is being investigated by the Financial Conduct Authority over its work with Quindell, the insurance outsourcing company at the heart of one of the biggest scandals on the Aim market in recent years. http://bit.ly/2ayRIuJ

    GlaxoSmithKline Plc is investing 275 million pounds in three of its manufacturing sites in the UK in one of the biggest business votes of confidence in the country since the result of the EU referendum. http://bit.ly/2ayS6tg

    Sky News
    The Pinewood film studio that is home to James Bond's movie franchise is in advanced talks to be sold to an international property fund for a price expected to be over 300 million pounds. http://bit.ly/2aySEPJ

    McDonald's Corp has announced it will be creating 5,000 new jobs in the U.K. by the end of 2017. The fast-food chain said the roles were in addition to 8,000 new positions that were announced in 2014 - bringing the workforce to more than 110,000. http://bit.ly/2aySqrM

    The Independent
    House prices growth is expected to slow following the U.K.'s vote to leave the European Union, according to economists. UK house price growth will drop from 6 percent in 2015 to 5.7 percent in 2016, according to the Centre for Economics and Business Research, an economic forecaster. http://ind.pn/2aySjNa


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 12:53 pm

    Richard Koo: If Helicopter Money Succeeds, It Will Lead To 1,500% Inflation




    "if businesses and households were to resume borrowing in earnest, the US money supply could balloon to 15 times its current size, sending inflation as high as 1,500%. The corresponding ratios are 28 times for Japan and Switzerland, five times for the eurozone, and 11 times for the UK. Once private-sector demand for loans recovers in these countries, confidence in the dollar, euro, and yen will plummet."


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Thu Jul 28, 2016 4:23 pm

    Why MainStreet Isn't Buying Obama's Economic Story




    Last night, President Obama took a victory lap for his economic achievements while in office. With the 2016 Presidential Election fast approaching, this was one of the final chances the President will have to try and divert attention away from Hillary’s “trustworthiness” problem following continued revelations surrounding Benghazi, email scandals and the Clinton Foundation which is now under investigation by the IRS. The question is whether the majority of the voting public will agree with the President’s message? Let’s take a look at some charts...






    Government Debt

    Since 2009, Government debt has surged by $7.8 Trillion and by the end of the next budget cycle will likely surpass $20 Trillion in total. The problem is that during the current Presidential term, real economic growth has risen by just $2.09 Trillion. However, even this number is inaccurate as the current government debt levels do not include other liabilities of the government such as social security and other social welfare programs.  
    The following chart quantifies it a bit better when you look at cumulative increases in debt and real, inflation adjusted, GDP.
    Yes, the economy is growing, however, that growth has come at a huge cost of a debt burden that will be amplified if borrowing costs rise with anticipated increases in real interest rates. Of course, this is entirely ironic considering it was President Obama himself who admonished the previous administration’s increase in debt which he conveniently forgot to mention during his self-congratulatory speech. 
    The problem is this. There is a direct correlation between the expansion of debt and economic growth. Debt detracts revenue from productive investments that lead to economic growth and diverts it into non-productive interest payments. This is why the explosion in the amount of debt required to generate economic growth (currently $3.72) is unsustainable longer term.

     

    Employment

    The President also boasted the creation of 14 million jobs and historically low unemployment rates as a sign of his success. While the current Bureau of Labor Statistics employment reports do currently show the unemployment rate around 5.0%, that number is obfuscated by the more than 94 million workers that are currently not counted as part of the labor force.
    As I have discussed many times previously, when it comes to economic strength it is full-time labor that leads to household formation and higher consumption.
    Furthermore, the rate of employment must be faster than the rate of population growth, otherwise, you are just treading water. The chart below shows the amount of full-time labor as a ratio of the working age population. (I have excluded all individuals over the age of 55 to quell the argument of “baby boomer” retirement. Those between the age of 16-54 should be working if we are indeed nearing true levels of “full employment.”)
    Currently, 49.3% of the population is employed full-time which is the same rate as when the President entered office.
    Furthermore, the actual number of jobs created is roughly 10 million rather than the 14 million as touted. That is because he is only counting employment from the bottom of job losses rather than from the time he entered office. Also, as noted above, the employment ratios are deceiving when you realize that the population has grown faster than employment leaving a rising number of individuals no longer counted as part of the labor force. In other words, the majority of jobs created have just been a function of the incremental increases in demand driven by population growth rather than a stronger economy that benefits the wealth of the majority of the population.
    As stated above, when the employment-to-population ratio or the labor-force participation rate is discussed, the plunging levels in these ratios are often dismissed simply as a function of the “baby boomers” heading into retirement. However, if we factor out those individuals by only looking at the employee-to-population ratio of 16-54 aged individuals as a percent of that age group the picture fails to improve.
    While the unemployment rate has certainly plunged according to governmental measures, one would be hard pressed to find 95.0% of the population that “wants to work,” actually working.
     

    Personal Incomes

    The annual rate of change in personal incomes has been on a decline since the turn of the century.  This is a function of both the structural shift in employment (higher productivity = less employment and lower wage growth) and the drive to increase corporate profitability in the midst of weaker consumption.
    The chart below shows the disparity between corporate profits and employment and wages.
    While corporate profitability has surged since the financial crisis, those profits have come at the expense of employees. Since 2009, wages for “non-supervisory employees,” which is roughly 83% of the current workforce, is lower today than when Obama first took office. This is where voters are most sensitive when they vote – their pocketbook.
    The problem with this, of course, is that the real cost of living continues to rise.
     

    Government Assistance

    Of course, the issue of declining incomes and rising “income inequality” is really best shown by the level of social benefits as a percentage of disposable incomes today. Today, roughly 1-in-3 households receive some form of government assistance.


    It is here the President’s economic victory lap is most challenged. While he will point to rising asset prices, improved headline employment numbers and economic growth as reasons to be “optimistic,” with almost 80% of the country living roughly paycheck-to-paycheck it will be a hard argument to win.



    Furthermore, as noted above in relation to the unfunded liabilities of the social welfare programs, the real problems are still coming.

    http://www.zerohedge.com/news/2016-07-28/why-mainstreet-isnt-buying-obamas-economic-story


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 29, 2016 11:26 am


    Philip Tilton - 208 Nations Crossing the GCR Line 
    208 countries now recognize the US now as a Republic and the US will have a new currency note.
    7/29/2016
    https://youtu.be/ugAOGZk35vE


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Fri Jul 29, 2016 1:52 pm


    https://www.youtube.com/watch?v=tPNcCbpMK2A
    Greg Hunter-Weekly News Wrap-Up 7.29.16      


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Sat Jul 30, 2016 2:27 pm

    Malaysian Prime Minister Najib Razak indicted in multi-billion dollar embezzlement scandal, is seeking immunity in exchange for testimony against the Rothschilds
    By Benjamin Fulford
    July 30, 2016


    CIA sources in East Asia alerted us to the fact the US Justice Department has indicted Malaysian Prime Minister Najib Razak for embezzling over $1 billion from a fund meant to be used for Malaysian economic development.


    The indictment is calling for the seizure of all the profits from the Hollywood hit movie The Wolf of Wall Street, because it was financed with embezzled funds. The indictment also mentions Saudi Arabian royals, Goldman Sachs, JP Morgan and Bank Privee Edmond de Rothschild.


    The CIA sources source say Najib has asked for immunity and placement for him and his family in the witness protection program in exchange for testifying about the links between the embezzlement scandal, the Rothschild family and missing Malaysian Airlines flight 370. If so, this could be the case that finally brings down the Rothschild dynasty. The Rockefeller/Bush/Clinton branch of the Khazarian mafia is already being brought down in the US so if the Rothschilds are also brought down, this will mean liberation for humanity for the horrors of Babylonian debt slavery.


    The indictment can be read here:


     https://www.justice.gov/opa/pr/united-states-seeks-recover-more-1-billion-obtained-corruption-involving-malaysian-sovereign






    More details will be made available in the Weekly Geopolitical News and Analysis report due out on Monday, August 1st, 2016.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 01, 2016 2:43 pm

    Take with a grain of salt.


    Fulford - Israel, Saudi Arabia, Malaysia, France, Italy and Germany next on list of countries to be freed from Khazarian mafia



    Posted by benjamin
    August 1, 2016

    The battle to liberate humanity from the grips of the genocidal Khazarian mafia is proceeding well with major victories on multiple fronts amidst increasing global chaos as the post-war world order continues to collapse.
    The biggest moves are now taking place in the Middle-East where, now that Turkey has thrown off Khazarian (Sabbatean) mafia rule, a Russian, Pentagon, Syrian, Turkish, Iranian and Egyptian alliance is preparing to liberate the people of Israel, Iraq and Saudi Arabia. This will cut off all supplies of Middle-Eastern oil money to the Bush/Rockefeller/Clinton faction of the Khazarian mafia.


    The other place where huge developments are taking place is Europe. There, officials in Germany, France and Italy are now openly calling for a military alliance with Russia to free Europe from the grip of the Bush/Clinton/Rockefeller (BCR) faction of the Khazarian mafia that still controls Washington DC and New York. The European moves are taking place in preparation for a collapse of the banking system there that could break into the open as early as this month.


    There is also a major battle taking between thieves taking place in Malaysia as BCR operatives try to seize funds embezzled from the Malaysian people by Rothschild flunky Malaysian Prime Minister Najib Razak (see below for details).


    Then of course the battle for the United States of America continues to rage as BCR candidate Hillary Clinton blatantly stole the Democratic Party presidential nomination last week in a move that fatally ruined her reputation and that of the Khazarian mafia backing her. This battle has only begun and will intensify towards November with the very real possibility of open civil war breaking out in the United States, multiple sources agree.


    Let us start with a closer look at the situation in Turkey where top US General Joseph Dunford flew on July 31st for an emergency meeting with his Turkish counter-parts. The meeting took place as Turkish government officials openly accused the US of trying to overthrow its government and Turkish troops surrounded the nuclear-armed US Incirlik Airbase. At the meeting, according to Pentagon sources, Dunford told the Turks the attempt to overthrow the Turkish government was carried out by CIA agents of the Khazarian CBR faction working under the cover of the Jamestown Foundation. Dunford told his counterparts that cutting off the flow of Afghan heroin and drug money going through Incirlik, would help in the battle to liberate the United States and Israel from Khazarian mafia control, the sources said. Dunford had no choice but to be conciliatory because the latest opinion surveys say only 17% of Turks support a US presence in their country.


    Dunford also explained to his Turkish counterparts that the Pentagon was allying itself with the Russians to liberate the United States and the rest of the world from the Khazarians, the Pentagon sources said. As evidence of this, the Pentagon ordered a state of the art US spy plane to land in central Russia, the sources said. They are also allowing Russian spy planes to fly over US territory to confirm the US is planning no military moves or preemptive nuclear strike against Russia.


    The Russians, who now hold the upper hand in the Middle-East, told the Turks to cut off all oil income to Israel as a part of a major move against that rogue state. Other moves including providing state of the art ground attack planes and other advanced weaponry to Syria, Iran and Hezbollah plus supplying S-300 air defense missiles to Iran. Russia is also sending in Drones to get detailed intelligence of Israeli military dispositions. There has also been intensive Syrian shelling all along its Golan Heights border with Israel, Israeli intelligence sources say.


    This is all a prelude to seizing territory illegally occupied by the Israeli rogue state, the Pentagon sources say. The end game is for Israel to become a Jewish autonomous zone within a restored moderate Sufi/Sunni/Shia Caliphate, White Dragon Society sources say. The pseudo-Muslim Satan worshipping Salafist heretics will have no place in this loose confederation of Muslim states, they say.


    Speaking about Salafist heretics, the situation in the pseudo-Muslim Khazarian colony of Saudi Arabia is also getting critical. The latest evidence of this is that India has been providing emergency food aid to 10,000 starving Indian citizens stranded in bankrupt Saudi Arabia.
    http://news.sky.com/story/india-rescues-10000-starving-workers-in-s...

    It won’t be long before the Saudis will be asking for food aid for their own starving citizens unless the regime there capitulates. There are also reports of Saudi Princesses being offered as sex slaves to Israeli government agents.
    http://www.veteranstoday.com/2016/07/31/russian-newspaper-revealed-...

    These reports coincide with statements by an Italian woman who says she was drugged and kidnapped by a Saudi Prince and forced to be a sex slave for the likes of Paul Wolfowitz and Donald Rumsfeld. The Italian woman, who fled after 10 years as a sex slave in Saudi Arabia, is now under the protection of the Vatican.

    The Saudis are running out of money because their funds are all being funneled to the BCR campaign to remain in control in the United States.



    This is also what is apparently behind the recent attempt by the Justice Department to seize US assets owned by Malaysian Prime Minister Najib Razak. Loretta Lynch, the US Attorney General who refused to indict Hitlery Clinton, is almost certainly not going to return any of Najib’s assets she seizes to the people of Malaysia, according to CIA sources in East Asia. Instead, it is just a part of an attempt by the BCR (Bush/Clinton/Rockefeller) faction of the Khazarian mafia to incriminate their Rothschild rivals and seize the assets of the Rothschilds and their flunkies in the US and South East Asia. This is what they already accomplished in Libya where they took about $150 billion worth from the Libyan people after overthrowing Muammar Gaddafi, the sources say.


    As reported by us in a news flash on July 31st, Najib is negotiating now to keep at least part of his fortune and have protection from Khazarian assassins in exchange for testifying about Malaysian Airlines flight 370 and other things, the Asian CIA sources say. In any event, the situation in Malaysia is certain to become increasingly turbulent as the BRC fight with the Rothschilds to loot that country.


    There is also an unusual situation emerging in Thailand, according to a CIA source there. The Thai government has just ordered all foreign (Western) owned gold mines in the country to cease operations, he says. “The economy in all of Thailand is in ruins… Even the local Thais selling produce at the market are complaining that business is almost at a standstill,” the source says. The move to shut foreign gold operations may be part of an ongoing move to ensure the Khazarian mafia is cut off from any possible physical backing for their fiat US Dollar and Euro currencies. The Indonesian and Philippine governments are making similar moves to shut down Khazarian mob linked gold operations, several sources agree.


    In what is almost certainly a related move, the Tokyo Commodity Exchange has started trading in gold for physical delivery in tandem with the Shanghai Gold Exchange.
    http://www.tocom.or.jp/jp/gold/index.html

    The other sign that some sort of major change is imminent has come from Europe where Monte Paschi Bank just got a 5 billion Euro bail out that was worth 5.6 times its entire market capitalization. This means it did not become the first domino that took down the Italian and then the French banking systems with it.


    It is no coincidence that in tandem with the bail out, a group of French lawmakers visited the Crimean Peninsula and spoke in support of Russia’s annexation of the Peninsula.
    http://tass.ru/en/economy/891609

    It is also certainly no coincidence that a French general publicly called for a French alliance with Russia and an end to NATO.
    http://sputniknews.com/europe/20160730/1043791252/pinatel-nato-russ...

    Many influential Germans are also calling for a European alliance with Russia to replace the criminally degenerate NATO.
    http://sputniknews.com/business/20160730/1043780772/europe-russia-u...

    It is no wonder then that the Khazarian Nazi coup d’etat government in the Ukraine is looking like it is in trouble. There, a major peace demonstration organized by the Russian and Ukrainian Orthodox Churches in tandem with the Catholic Church took place as most leaders of the Nazi Ukrainian government had left the country.
    http://www.usnews.com/news/world/articles/2016-07-27/thousands-of-r...
    http://www.fort-russ.com/2016/07/confirmed-amidst-sharpening-crisis...

    The final collapse of Khazarian mob rule will come when their hold outs, now circling their wagons around Hillary Clinton, are removed from all positions of power inside the United States.



    Since it has been widely reported elsewhere, we will only summarize some highlights of what happened when Hillary Clinton stole the Democratic Presidential mandate last week. As a result of leaked e-mails showing she stole the nomination, Hillary was booed and more than half the delegates at the convention walked out on her.


    Since the Justice Department backed out on filing charges against her, now it is the IRS and the FBI who are investigating the criminal activities of the Clinton Foundation.


    When Hillary and crew tried to blame the hacking of Democratic Party e-mails on the “Russians,” it was none other than Director of National Intelligence James Clapper who told the Senate Intelligence committee he was “taken aback” by the “hyperventilation” about Russia.
    http://www.businessinsider.com/russia-dnc-hack-black-propaganda-2016-7

    It is not the Russians but rather patriotic Americans who are hacking the Bush/Clinton/Rockefeller criminals.
    Stepping back a bit to look at the big picture, even without European allies, the BRICS alliance now accounts for 85% of the world’s population, 60% of its GDP and 80% of economic growth. A White Dragon Society representative recently told an Asian secret society representative that the Khazarian mafia was like a dying lion and that rather than pick a fight with it, the best policy was to just stay away and wait for nature to take its course.


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

    Post  Carol on Mon Aug 01, 2016 2:45 pm

    Painful To Watch: This Is The Weakest U.S. Economic ‘Recovery’ Since 1949
    Most of us have never witnessed an economic “recovery” this bad.  As you will see below, the average rate of economic growth since the last recession has been the lowest for any “recovery” in at least 67 years.  And unfortunately, the economy appears to be slowing down even more here in 2016.  On Friday, I talked about how the U.S. economy grew at a painfully slow rate of just 1.2 percent in the second quarter after only growing 0.8 percent during the first quarter.  And last week we also learned that the homeownership rate in the United States has dropped to the lowest level ever.  This is not what a recovery looks like.  Instead, it very much appears that a new economic downturn has already begun.


    But don’t just take my word for how painful this economic “recovery” has been.  The following comes from a Wall Street Journal article that was just posted entitled “Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era“…


    http://theeconomiccollapseblog.com/archives/painful-to-watch-this-is-the-weakest-u-s-economic-recovery-since-1949


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    Re: INTERNATIONAL FINANCIAL PROGRESS REPORT - part 2

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