The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway’s biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy. The Polish people protest against government internet surveillance. Venezuela among the countries forbidden to vote in the UN. Ukraine will not move forward with the Minsk agreement until there is a true ceasefire. There was a virus breakout in Ukraine and Kiev seems like they are pointing to the Southeastern area of Ukraine. Syria ceasefire talks now postponed until Jan 29. US and Turkish troops preparing troops on the border of Syria.IS warning of an attack in Paris and UK.
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Current News – 01.25.2016
Economy
VMware – Report 900 Layoffs Possible Next Week?
- For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December’s already disastrous collapse back to -20.1, January saw a complete collapse to -24.0 “
- And its across the board with production, employment, and shipments all collapsing…
- Primary Metal Manufacturing down
- Fabricated Metal Product Manufacturing down
- Machinery Manufacturing down
- Computer and Electronic Product Manufacturing down
- Transportation Equipment Manufacturing down
Source: zerohedge.com
- manufacturing is only 12% of economic output and thus is no longer a good bellwether for the overall economy” narrative.Here is why they are wrong not to worry…
- Self-destructing The Fed’s very own wealth-creation scheme.
- While it is hoped that the economy can continue to expand on the back of the “service”sector alone, history suggests that “manufacturing” continues to play a much more important dynamic that it is given credit for.
- The decline in imports, surging inventories, and weak durable goods all suggest the economy is weaker than headlines, or the financial markets, currently suggest. And in fact, services are starting to follow…
Source: zerohedge.com
The Ultimate “Truth Bomb” – The East Knows The West Is Bankrupt
Norway’s Biggest Bank Demands Cash Ban- ALL of what we are seeing is centered by and on the “petrodollar”. Will it survive or be replaced? In my opinion it is no longer “if”, but “when” and by “what” will it be replaced with? Just over the last two weeks we have seen three very important yet interrelated events.
First, the sanctions against Iran in place over the last 35 years were lifted. Along with this comes the ability for Iran to sell oil and they will now have access to up to $150 billion worth of assets and accounts previously frozen as reported by many credible non-government sources.
Just a couple of days ago, President Xi of China met with Iranian leaders one day and then the Saudis the following day. We can only speculate what was discussed but surely oil was the centerpiece. Naturally China wants to make and diversify oil supply deals from them both. There is no denying, the Chinese have done everything in their power to prepare for the dollar being dumped as the world’s reserve currency.
- Russia and China know full well the situation in the West. It is a bankruptcy waiting to happen as everything is fractional reserve and running on maximum margin while the underlying system is shrinking and no longer supplying enough liquidity. the stage is truly set for a financial attack on anything and everything American.
- And the benefits of a cashless society to banks and governments are self-evident:
- 1. Every financial transaction can be taxed.
- 2. Every financial transaction can be charged a fee.
- 3. Bank runs are eliminated.
- The Crash of 2016?
- So a case could be made of a panicked House of Saud being instrumentalized to crash a great deal of the global economy.
- The logic behind crashing
markets, creating a recession and a depression – from the point of view
of the Masters of the Universe above the lame duck President of the
United States — is to engineer a major slow down, cripple buying
patterns, decrease oil and natural gas consumption, and point Russia
on a road to ruin.
So, oil should turn around soon. Goldman Sachs concurs. That gives the Masters of the Universe a short window of opportunity enabling the Saudis to dump massive amounts of securities in the markets.
The House of Saud may need the money badly, considering their budget on red alert.But dumping their securities is also clearly self-destructive. They simply cannot sell $8 trillion. The House of Saud is actually destroying the balance of their wealth. -
rumors there will be a coup against King Salman – virtually demented and confined to a room in his palace in Riyadh.
Police State
- Poland’s online media laws are some of the most invasive in Europe. Polish law requires telecom companies to retain metadata on its users and allows nine different law enforcement agencies (an exceptionally large number) to demand it. According to the digital rights group Panoptykon Foundation, nearly two million requests for user data are made by the government yearly, whereas in most EU countries it is less that half that number.
http://x22report.com/china-and-russia-are-preparing-for-a-bankrupt-us-financial-system-episode-876/
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