Citi: World economy seems trapped in ‘death spiral’

Please see the source for the video.

 

“The world appears to be trapped in a circular reference death spiral,” Citi strategists led by Jonathan Stubbs said in a report on Thursday.

“Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global growth)… and repeat. Ad infinitum, this would lead to Oilmageddon, a ‘significant and synchronized’ global recession and a proper modern-day equity bear market.”

Stubbs said that macro strategists at Citi forecast that the dollar would weaken in 2016 and that oil prices were likely bottoming, potentially providing some light at the end of the tunnel. Continue reading

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market.

Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday, which didn’t give financial terms. The exchange said the deal is expected to close in the second half of the year, though that will require regulatory approval. Continue reading

Chinese Defector Reveals Beijing’s Secrets

U.S. intelligence is debriefing brother of former presidential aide, translating documents

A defector from China has revealed some of the innermost secrets of the Chinese government and military, including details of its nuclear command and control system, according to American intelligence officials.

Businessman Ling Wancheng disappeared from public view in California last year shortly after his brother, Ling Jihua, a former high-ranking official in the Communist Party, was arrested in China on corruption charges.

Ling Wancheng, the defector, has been undergoing a debrief by FBI, CIA, and other intelligence officials since last fall at a secret location in the United States, said officials familiar with details of the defection who spoke on condition of anonymity. The defector is said to be a target of covert Chinese agents seeking to capture or kill him.

Among the information disclosed by Ling are details about the procedures used by Chinese leaders on the use of nuclear weapons, such as the steps taken in preparing nuclear forces for attack and release codes for nuclear arms. Continue reading

Russia carried out practice nuclear strike against Sweden

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A Russian Tupolev Tu-22M3 like the one thought to have been used. Photo: Maz071086/Wikicommons

 

U.S. think tank RAND: Currently postured, NATO could not defend Baltic states

RAND researchers have conducted a series of wargames to examine the threat Russia may present to the Baltic republics and found that as currently postured, the North Atlantic Treaty Organization could not defend the territory, according to a RAND report titled “Reinforcing Deterrence on NATO’s Eastern Flank. Wargaming the Defense of the Baltics,” by David A. Shlapak and Michael Johnson.

“Russia’s recent aggression against Ukraine has disrupted nearly a generation of relative peace and stability between Moscow and its Western neighbors and raised concerns about its larger intentions. From the perspective of the North Atlantic Treaty Organization (NATO), the threat to the three Baltic republics of Estonia, Latvia, and Lithuania — former Soviet republics, now member states that border Russian territory — may be the most problematic of these. In a series of war games conducted between summer 2014 and spring 2015, RAND Arroyo Center examined the shape and probable outcome of a near-term Russian invasion of the Baltic states. The games’ findings are unambiguous: As presently postured, NATO cannot successfully defend the territory of its most exposed members,” the analysts said. Continue reading

Is Russia flying NUCLEAR missiles over the Channel? Fears over Putin’s jets in UK airspace

Last February, two Tu-95 bombers intercepted over the Channel were found to be carrying a nuclear missile designed to destroy Trident submarines.

Cockpit conservations confirming the bomber’s nuclear payload were intercepted by a Norwegian military listening post and passed to the Ministry of Defence.

Continue reading

Iran Is The World’s Bully. And We Just Gave Him a Nuclear Club.

Growing up, many of us witnessed classroom bullies. They taunted and intimidated, showing by their actions they were the classroom tough guy.

Sometimes a bully became brazen enough to pick on someone bigger. This would happen when the bully sensed, although the big guy had size on his side, he was weak in resolve. Thus, by picking on him, knowing he would back down, the bully not only enhanced his own stature among classmates but proved even more intimidating. Meanwhile, the big guy, after repeatedly backing down, eventually lost his classmates’ respect.

This sums up today’s relationship between the U.S. and Iran in the world community. Unless one is Rip Van Winkle coming out of a 20-year slumber, it should be clear it is Iran playing the role of the bully. Continue reading

US Air Force Bolsters Space Defense to Counter Russian, Chinese ‘Threats’

As global powers prepare for the increased role of outer space in future conflicts, the US Air Force has announced the creation of a new team whose sole purpose is to protect American space assets – primarily against Russian and Chinese “aggression.”

Currently, US satellite navigation is claimed to be dangerously understaffed. Gen. John Hyten, commander of Air Force Space Command, stated to reporters in December 2015 that, “two 19-year-old airmen are the two guys flying GPS this morning for the entire world. That’s wrong.” Continue reading

Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note

We’ve documented the cash ban calls on a number of occasions including, most recently, those that emanated from DNB, Norway’s largest bank where executive Trond Bentestuen said that although “there is approximately 50 billion kroner in circulation, the Norges Bank can only account for 40 percent of its use.”

That, Bentestuen figures, “means that 60 percent of money usage is outside of any control.” “We believe,” he continues, “that is due to under-the-table money and laundering.”

DNB goes on to say that after identifying “many dangers and disadvantages” associated with cash, the bank has “concluded that it should be phased out.” Continue reading

Germany is getting closer to nuclear fusion—the long-held dream of unlimited clean energy

 

German scientists today will set about the first steps towards what has become the Holy Grail of energy—nuclear fusion, which has the potential for unlimited amounts of clean power. There are a number of challenges to harnessing this power—researchers need to build a device that can heat atoms to temperatures of more than 100 million °C (180 million °F).

After almost nine years of construction work and more than a million assembly hours, researchers from the Max Planck Institute in Greifswald are set to do just that by heating a tiny amount of hydrogen until it becomes as hot, hopefully, as the center of the Sun. Continue reading

Business with Obstacles

BERLIN/MOSCOW/KIEV (Own report) – Berlin is taking steps to possibly end sanctions against Russia. Today, almost one year after the signing of the Minsk II Agreement – whose full implementation is still considered as a prerequisite for ending the sanctions – the Bavarian Prime Minster, Horst Seehofer is expected to arrive in Moscow for talks on promoting the renewal of German-Russian business relations. Seehofer can build on decades of Bavarian-Russian cooperation. His visit to Moscow is closely coordinated with Germany’s federal government. The EU and NATO are also involved in Berlin’s cooperation efforts. Monday, Chancellor Angela Merkel also increased pressure on Ukraine’s President, Petro Poroshenko to finally obtain approval from Kiev’s parliament for the constitutional amendment providing Eastern Ukraine’s special status, as agreed upon in the Minsk II Agreement. Until now, nationalists and fascists have prevented this measure.

Continue reading

Eurozone Economy ‘Losing Steam’ Amid Market Turmoil

LONDON—The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial markets is beginning to weigh on business activity.

Financial information company Markit said its purchasing managers’ index — a broad gauge of activity across both the manufacturing and services sectors — fell to a four-month low of 53.6 points in January from 54.3 the previous month.

According to Markit, that means the region has started off the year growing at a modest 0.4 percent quarterly tick. Rates of growth also diverged, with Spain once again leading the pack, followed by Germany. France appears to be stagnating.

Continue reading

Mass Layoffs To Return With A Vengeance

Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.

Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’.

Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses. Continue reading

Wayne Jett: Strong Dollar Fools Gold

Jett’s statements were made during an interview with Rick Wiles of TRUNEWS  on Wednesday, while discussing how on going international currency wars are destroying the international competitiveness of U.S. manufacturing exports. Continue reading

The Antichrist’s Cashless Utopia: War on Cash in 2016

(TRUNEWS) The push for a cashless society has begun to gain steam around the globe, with nearly every major nation taking strides to adopt digital currencies, centrally governed cash controls and incentivize cashless transactions.

A Bloomberg Op-Ed published on January 31st called for the end of paper currencies, touting that “cash had a pretty good run for 4,000 years or so,” but was “dirty, dangerous, unwieldy and expensive, antiquated and so very analog.”

Now though each of these reasons all have some merit of truth behind them, such as paper currency serving as a vector for disease, incentivizing physical robberies, and complicating P2P long distance transactions, the existence of physical legal tender has an equal set of priceless characteristics.

In the Book of Revelation, God forewarned his people through the Apostle John, that during the Tribulation period the global system will be dictatorially ruled by a single political authority, known as the antichrist. In Chapter 13 verses 16-17 the antichrist’s control over the economy is described as absolute: “He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.” Cashless technology and centralized restrictions of transactions fit this warning. Continue reading