Financial News Disclosure

(Before It’s News)[ZurichTimes] Another X22 Report is out and this report seems more urgent and dire than the rest. Dave is telling us to prepare for the collapse as if we were in 2007 and the 2008 Meltdown was just around the corner…

Source: Trump Confirms, the Economy Will Be Brought Down and it Will Be Chaotic | Financial Markets

May 10, 2017

By Charles Hugh Smith

Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers.

“Legal” rackets have two essential components: a public-relations “cover” that obscures the racket and the mechanism that extracts the wealth from the “marks.” The Higher Education Racket qualifies on both counts:

1. The PR cover is “you all need a college diploma, and we’re here to make that happen.” Yea for more education!

2. The extraction mechanism is student loans. Here’s a chart that shows what happened relatively recently: your federal government began guaranteeing obscene profits to student-loan lenders and debt-serfdom for tens of millions of “marks” i.e. students.

Source: How Higher Education Became an Obscenely Profitable Racket That Enriches the Few at the Expense of the Many (Student Debt-Serfs) [w/ VIDEO] | Galactic Connection

As new job numbers are in we see an ever deteriorating economy – the Slow Squeeze.

Many of you Major Retailers we have had for decades – Sears, Penny’s, Macys – are facing an ever declining sales.

What this means to you and me is more lay-offs and more kids moving back in with their parents.

With over half of all Americans not able to write a $500 check

It will take at least 2 years before we see any real change in the Economy with the New President in office. This means the economy may change significantly over the next few years

So here are 2 videos from a recent Mall Visit to show you what is really happening in America…

Source: DR WILLIAM MOUNT: Mall-A-Geddon

By late 2014 I’d finally had enough.

After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank.

I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.

Had I known then what I know now, I think I still would have made the same decision… but in total honesty I was completely unprepared for the torrential shit storm I was about to enter.

The deeper I went, the more overwhelming my discoveries of how shockingly inept, obsolete, and out of touch the industry is.

It’s one thing to read about it in the headlines. It’s quite another to experience it first hand as an insider.

Here’s a great example: you know how it seems commonplace these days to hear about banks…

Published on Apr 27, 2017

The World Reserve Currency status of the US dollar is ending and a new world currency has begun. Here is what is going on.

Source: Global Currency Reset Begins – Video | Economy

For the past several months we’ve observed in complete amazement as Democrats have repeatedly hailed the ‘great accomplishments’ of Obamacare while the system was literally, and quite tangibly, collapsing in epic fashion all around them.  The ability to blindly and shamelessly support a partisan cause irrestpective of overwhelming facts proving the ineffectiveness of that cause is truly a talent reserved only for politicians, on both sides of the aisle.

The latest evidence of Obamacare’s implosion comes from its stunning collapse in the state of Iowa in just a matter of a few weeks.  Early last month, 2 of Iowa’s 3 remaining healthcare providers, Aetna and Wellmark, announced they would not participate in the state’s exchange in 2018.  Per Bloomberg:

“Earlier today we informed the appropriate federal and state regulators that Aetna will not participate in the Iowa individual public exchange for 2018 as a result of financial risk and…

There aren’t any surefire ways to tell if the stock market, and perhaps the rest of the economy, is about to take a nosedive. That’s because millions of people with millions of ideas are involved, so it’s an inherently unpredictable system. However, there are certain players in our economy that have a lot more influence and insider knowledge than the rest of us. So when they make a move in unison, you know there’s a good chance that something is about to go down.

And that’s exactly what’s going on with the stock market right now. The people who would stand to lose the most if the markets crashed; the corporate executives and insiders, are all jumping ship and selling their stocks.

As the investing public has continued to devour stocks, sending all three major indexes to record highs in the last few months, corporate insiders have been offloading…

Last July, Puerto Rico defaulted on hundreds of millions in debt, however under the PROMESA federal rescue law put together in the last minute, creditor litigation was put on hold – a kind of deferred debtor protection without the actual bankruptcy. The law was meant to encourage Puerto Rico and its federal financial oversight board to negotiate debt-cutting agreements with creditors. No deals were reached and on midnight of May 1 into Tuesday, the litigation freeze expired, opening the doors for creditors to take Puerto Rico to court, in hopes of blocking the next step in the Puerto Rico restructuring, namely Governor Ricardo Rossello’s plan to impose drastic repayment cuts. As a reminder, Puerto Rico defaulted on $1.3 billion of principal owed since the previous governor declared the $70 billion public debt load unpayable in June 2015.

And as expected, on Tuesday Puerto Rico and its federal financial oversight board…

“The reason for the plan negotiated between the Republicans and Democrats is that we need 60 votes in the Senate which are not there! We … either elect more Republican Senators in 2018 or change the rules now to 51%. Our country needs a good ‘shutdown’ in September to fix mess!” Trump said Tuesday in two consecutive tweets.

Congressional leaders…

Report date: 05.02.2017

The collapse of Home Capital Bank could be spreading to other lenders. Greece reaches debt deal but they need to give up more and the country will sell of more of the country. The auto loan subprime bubble will mimic the subprime real estate bubble. JP Morgan is selling stocks because it sees signs the economy is collapsing. Trump preparing to replace the banking regulator. Trump says maybe we should shutdown the government in Sept. Is he telegraphing the date the economy will start to come down.

All source links to the report can be found on the x22report.com site.

Source: X22Report: Has The Date Of The Economic Collapse Just Been Leaked? – Episode 1269a | Alternative

Report date: 05.01.2017

The Canadian mortgage lender is losing depositors and it is getting worse.

Toronto housing bubble is getting ready to pop.

India will not be accepting debit or credit cards they will be using mobile app to pay for goods.

American debt slaves are in trouble once again.

The Fed indicator is pointing to a collapse of the system as the Fed makes their move to raise interest rates and bring down the economy.

Trump makes a statement that the banks should be broken apart, pushing the agenda to take down the central bank…

Source: X22Report Big Push to Break-up the Big Banks and Then Go After the Central Bank – Episode 1268a | Politics

I recently interviewed financial expert, Robert Kudla.   The international banks are scrambling as there are more bubbles.  Anybody who leaves all of their money in the bank is a fool.  Listen to what they have done.

L

Source: What Central Banks Have Done Is “Stunning, Unprecedented” | Economy

(Tabu) The ‘Crown’ is not owned by the Westminster and the Queen or England.

The City of London has been granted various special privileges since the Norman Conquest, such as the right to run its own affairs, partly due to the power of its financial capital. These are also mentioned by the Statute of William and Mary in 1690.

The month of April is a nightmare for anyone with a conscience, as we only have until “tax day” – which usually falls on April 15 – to give the taxman what he says he deserves. So if you pay taxes to Uncle Sam and you’re also aware you’re paying for mass murder in the Middle East and in U.S. streets due to the drug war, you should also feel sick to your stomach as you write that check.

To a restaurant customer, this may have served as enough incentive to remind his server that taxation is always immoral — but he didn’t stop there.

Last week, a customer at a Missouri restaurant gave the waitress a “personal gift” instead of a tip, writing the now popular line “Taxation is theft” in the tip section of the receipt.

In a second note, the fiscally conscious customer…

Report date: 04.28.2017

South Korea goes cashless, they are getting rid of coins.

Consumer confidence steady despite all the bad news.

US spending way down, this makes up 70% of the economy, but American’s are buying RV’s.

GDP collapses to .7%, this is the manipulated number, the real GDP is in the negative range.

Government shutdown looms, and congress decided to vote for a stop gap which will allow the government to continue to operate for 1 more week.

The Fed signals that the economy is still strong and will continue with rate increases because they believe it will bounce back in the 2nd quarter

Source: X22Report Fed Goes All in to Crash the Economy – Episode 1266a | Politics