Category: Global Economy

Mar 01

Economic Recovery? 13 Of The Biggest Retailers In America Are Closing Down Stores

By Michael Snyder, on February 25th, 2016
Barack Obama recently stated that anyone that is claiming that America’s economy is in decline is “peddling fiction“. Well, if the economy is in such great shape, why are major retailers shutting down hundreds of stores all over the country? Last month, I wrote about the “retail apocalypse” that is sweeping the nation, but since then it has gotten even worse. Closing stores has become the “hot new trend” in the retail world, and “space available” signs are going up in mall windows all over the United States. Barack Obama can continue huffing and puffing about how well the middle class is doing all he wants, but the truth is that the cold, hard numbers that retailers are reporting tell an entirely different story.
Earlier today, Sears Chairman Eddie Lampert released a letter to shareholders that was filled with all kinds of bad news. In this letter, he blamed the horrible results that Sears has been experiencing lately on “tectonic shifts” in consumer spending…
In a letter to shareholders on Thursday, Lampert said the impact of “tectonic shifts” in consumer spending has spread more broadly in the last year to retailers “that had previously proven to be relatively immune to such shifts.”
“Walmart, Nordstrom, Macy’s, Staples, Whole Foods and many others have felt the impact of disruptive changes from online competition and new business models,” Lampert wrote.
And it is very true – Sears is doing horribly, but they are far from alone. The following are 13 major retailers that are closing down stores…
#1 Sears lost 580 million dollars in the fourth quarter of 2015 alone, and they are scheduled to close at least 50 more “unprofitable stores” by the end of this year.
#2 It is being reported that Sports Authority will file for bankruptcy in March. Some news reports have indicated that around 200 stores may close, but at this point it is not known how many of their 450 stores will be able to stay open.
#3 For decades, Kohl’s has been growing aggressively, but now it plans to shutter 18 stores in 2016.
#4 Target has just finished closing 13 stores in the United States.
#5 Best Buy closed 30 stores last year, and it says that more store closings are likely in the months to come.
#6 Office Depot plans to close a total of 400 stores by the end of 2016.
The next seven examples come from one of my previous articles…
#7 Wal-Mart is closing 269 stores, including 154 inside the United States.
#8 K-Mart is closing down more than two dozen stores over the next several months.
#9 J.C. Penney will be permanently shutting down 47 more stores after closing a total of 40 stores in 2015.
#10 Macy’s has decided that it needs to shutter 36 stores and lay off approximately 2,500 employees.
#11 The Gap is in the process of closing 175 stores in North America.
#12 Aeropostale is in the process of closing 84 stores all across America.
#13 Finish Line has announced that 150 stores will be shutting down over the next few years.
These store closings can be particularly cruel for small towns. Just consider the impact that Wal-Mart has had on the little town of Oriental, North Carolina…
The Town’n Country grocery in Oriental, North Carolina, a local fixture for 44 years, closed its doors in October after a Wal-Mart store opened for business. Now, three months later — and less than two years after Wal-Mart arrived — the retail giant is pulling up stakes, leaving the community with no grocery store and no pharmacy.
Though mom-and-pop stores have steadily disappeared across the American landscape over the past three decades as the mega chain methodically expanded, there was at least always a Wal-Mart left behind to replace them. Now the Wal-Marts are disappearing, too.
Of course there are many factors involved in this ongoing retail apocalypse. Competition from online retailers is becoming more intense, and consumer spending patterns are rapidly changing.
But in the end, the truth is that you can’t get blood out of a rock. The middle class in America is shrinking, and there just isn’t as much discretionary spending going on as there used to be.
And now that we have entered a new economic downturn, many retailers are finding that there are some local communities that can no longer support their stores. The following comes from CNBC…
Though the shift to online shopping is no doubt playing a role in lighter foot traffic at malls, there’s more to their changing economics than the rise of Amazon. Changing demographics in a town are another reason a shopping center could struggle or fail — for example, if massive layoffs in a particular industry cause people to move away to find employment.
“A lot of people want to try and tie it to the Internet or ‘that’s not cool,’ or teens don’t like it,” Jesse Tron, a spokesman for industry trade group International Council of Shopping Centers, told CNBC last year. “It’s hard to support large-format retail in those suburban areas when people are trying to just pay their mortgage.”
In order to have a thriving middle class, we need good paying middle class jobs. Unfortunately, our economy has been bleeding those kinds of jobs quite rapidly. For example, Halliburton just announced that it is eliminating 5,000 more jobs after getting rid of 4,000 workers at the end of last year.
During the Obama years, good paying middle class jobs have been getting replaced by low paying service jobs. At this point, 51 percent of all American workers make less than $30,000 a year.
And there is no way that you can support a middle class family with children on $30,000 a year.
We have an economy that is in the process of failing. We can see it in the explosion of subprime auto loans that are going bad, we can see it in the hundreds of retail stores that are shutting down, and we can see it in the tens of thousands of good paying energy jobs that are being lost.
During the Obama years, interest rates have been pushed to the floor, the Federal Reserve has created trillions of dollars out of thin air, and the size of our national debt is getting close to doubling. Despite all of those desperate measures, our economy continues to crumble.
We stole from the future to try to paper over our failures and it didn’t work. Now an economic downturn that will ultimately turn out to be even worse than the “Great Recession” of 2008 and 2009 has begun, and our leaders have absolutely no idea how to fix things.
I wish I had better news to report, but I don’t. Get prepared now, because very rough times are ahead

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Feb 26

World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East

Michael Snyder | Economic Collapse – February 22, 2016 129 Comments
Saudi Arabia already has nukes, Iran probably does, and the Russians are one of the two great nuclear powers on the entire planet.
So if Saudi Arabia, Turkey and their Sunni allies do decide to conduct a full-blown ground invasion of Syria, could someone ultimately decide to use nuclear weapons when their backs get pushed up against a wall? As you read this article, there are thousands of military vehicles and hundreds of thousands of troops massed along the southern border of Turkey and the northern border of Saudi Arabia. If the command is given and those forces start streaming toward Damascus, it is inevitable that the Syrians, the Iranians, Hezbollah and the Russians would fight back. It would literally be the start of World War 3, and the Saudis and the Turks are trying very hard to convince the United States to be involved. But the truth is that we don’t want any part of this conflict, because it could very easily become the very first nuclear war in the history of the Middle East.
Perhaps you didn’t know that the Saudis already have nukes. Of course the official position is that they don’t, but it is a fact that they were the ones that funded the development of Pakistan’s nuclear program. It is an open secret that the Saudis have the bomb, but nobody is really supposed to talk about it.
That is why it was so alarming what Saudi political analyst Dahham Al-‘Anzi told RT just recently…
Earlier this week a Saudi political analyst told RT’s Arab network the kingdom has a nuclear weapon.
Dahham Al-‘Anzi made the claim while saying Saudi Arabia is engaged in an effort to “minimize the Iranian threat in the Levant and Syria.”
Although Saudi Arabia has officially denied it has a nuclear weapons program and has publicly stated it opposes nuclear weapons in the Middle East, it has funded a military nuclear program and received scientific assistance from the United States and Pakistan.
If you don’t want to believe him, perhaps you will believe the former director of the CIA counter-terrorism operations center. He told Fox Business that everyone in the intelligence world knows the Saudis have nukes…
If the fur started flying in Syria and Russia and Iran decided to start bombing Saudi airbases, would Saudi Arabia resort to using their nukes?
Let’s hope not.
In the event of a massive ground invasion by Saudi Arabia, Turkey and their allies, it is actually more likely that Russia may decide to be the first one to use nukes. An invasion force of hundreds of thousands of troops would vastly outnumber the relatively small Russian force that is already inside Syria, and so the Russians may feel that the only way that they can keep the Sunni powers out of Damascus is to use tactical nukes.
Russia has more tactical nukes that anyone else in the world by far, and there are some reports that indicate that Russia may be prepared to use them in Syria. For example, former Associated Press reporter Robert Parry, the author of America’s Stolen Narrative, says that a source has told him that the Russians have already warned Turkey that this could potentially happen…
If Turkey (with hundreds of thousands of troops massed near the Syrian border) and Saudi Arabia (with its sophisticated air force) follow through on threats and intervene militarily to save their rebel clients, who include Al Qaeda’s Nusra Front, from a powerful Russian-backed Syrian government offensive, then Russia will have to decide what to do to protect its 20,000 or so military personnel inside Syria.
A source close to Russian President Vladimir Putin told me that the Russians have warned Turkish President Recep Tayyip Erdogan that Moscow is prepared to use tactical nuclear weapons if necessary to save their troops in the face of a Turkish-Saudi onslaught. Since Turkey is a member of NATO, any such conflict could quickly escalate into a full-scale nuclear confrontation.
Given Erdogan’s megalomania or mental instability and the aggressiveness and inexperience of Saudi Prince Mohammad bin Salman (defense minister and son of King Salman), the only person who probably can stop a Turkish-Saudi invasion is President Obama. But I’m told that he has been unwilling to flatly prohibit such an intervention, though he has sought to calm Erdogan down and made clear that the U.S. military would not join the invasion.
Are you starting to understand how serious this is?
With all of the talk of a potential invasion in recent days, the Russians are on high alert and are rapidly preparing for a direct conflict with both Saudi Arabia and Turkey. The following comes from Infowars…
Still, the Russians are taking no chances and they have put all their forces into high alert. They have very publicly dispatched a Tu-214r – her most advanced ISR (Intelligence Surveillance Reconnaissance) aircraft. You can think of the Tu-214R as an “AWACS for the ground”, the kind of aircraft you use to monitor a major ground battle (the regular Russian A-50Ms are already monitoring the Syrian airspace). In southern Russia, the Aerospace forces have organized large-scale exercises involving a large number of aircraft which would be used in a war against Turkey: SU-34s. The Airborne Forces are ready. The naval task forces off the Syrian coast is being augmented. The delivery of weapons has accelerated. The bottom line is simple and obvious: the Russians are not making any threats – they are preparing for war. In fact, by now they are ready.
In addition, it is important to remember that it is quite likely that the Iranians have nuclear weapons as well.
Of course the U.S. government and the Iranian government both insist that Iran does not have nukes, but many of those in the know insist otherwise.
For instance, you may want to consider what retired U.S. Army Major General Paul Vallely and U.S. Air Force Lt. Col. Dennis B. Haney are saying. The following comes from an article that was authored by Jerome Corsi of WND…
In a joint statement, Vallely and Haney say an accumulation of available evidence shows a coalition of Russia, China and North Korea have assisted Iran since 1979 in achieving a nuclear weapon, despite sanctions, under the guise of a domestic nuclear energy program.
Vallely explained to WND that he and Haney have taken a systematic approach to evaluating each component needed to deliver a nuclear weapon, from the development and testing of a ballistic missile system, to the design of a nuclear weapons warhead, to the development of the weapons-grade uranium needed to produce a bomb.
“To come to our conclusion that Iran is a nuclear weapons power right now, we supplemented publicly available research, plus information from intelligence sources, including Iranian resistance groups such as the National Council of Resistance of IRAN, NCRI,” Vallely explained.
I happen to agree with Vallely and Haney. I cannot prove it, but all of the intel that I have received indicates that Iran already has nukes.
Hopefully I will not be proven accurate any time soon.
It had been hoped that a cease-fire could be negotiated that would at least temporarily defuse tensions in Syria. Unfortunately, it does not look like the shooting is going to stop, and this is going to put immense pressure on both Saudi Arabia and Turkey to do something to rescue the radical Sunni militants that are on the verge of defeat. The Saudis, the Turks and their allies have poured enormous amounts of money and resources into this war over the past five years, and now they are faced with the choice of either accepting defeat or directly intervening in this conflict themselves.
But in order to conduct a full-fledged ground invasion, they are going to need justification for doing so. There are some that are suggesting that we could soon see a false flag attack that would provide that justification, so that is something to watch out for.
I can’t remember a time when our planet has been so close to World War 3 potentially beginning.
And if it does break out, I believe that it is quite likely that nuclear weapons will be used.
So what do you think?
Do you agree with me?

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Jan 25

The Looming Collapse

By Scott Huckaby
One doesn’t have to be an economist to see that all is not well with the economy. The U.S. national debt is so high that no one believes it will ever be paid off and stock markets are volatile world-wide. The only thing keeping our debt from triggering a melt-down is that most other nations in the world are just as bad or worse in their GDP-to-debt ratios.

Government spending and increasing the money supply which is called “quantitative easing” are seen as the solution to bring us out of the worldwide recession that began in 2008. This has not been working despite the mainstream media narrative that all is well. No amount of statistical gymnastics can hide the fact that record numbers of Americans are unemployed or under-employed.

Quantitative easing has never really worked to end recessions. In times past, the government effectively printing money to increase the money supply appears to have worked because inflation caused the debt to be reduced. Inflation was a painful but effective tool in reducing the national debt because it also meant that people made more money as the demand for labor increased. But this time the demand for labor has not increased, thus keeping wages depressed.

Among the theories given to explain why the demand for labor has not increased is that automation is now replacing jobs faster than new jobs can be created. This may indeed be a factor but a more significant impact is certainly due to the globalization of the world economy. Jobs that used to be done locally are now being outsourced to places where labor is cheaper.

The inflation that usually accompanies the government printing money has not materialized this time. We have had an increase in asset prices such as stocks and real estate but commodity prices led by the price of oil have been depressed. The biggest factor in the depression of commodity prices is due to wages not increasing and it is not possible for wages to increase if there is a reduced demand for labor.

There has never been a time in the history of the world when interest rates have been so low for so long. This is making it harder for governments to employ their quantitative easing strategy which they believe stimulates the economy. It is hard to reduce interest rates on government loans when you are already at zero percent.

When the government is effectively giving money away at zero percent interest, they can no longer just bail-out failed financial institutions. What the European Union is now looking at doing instead is a “bail-in.” This is where some percentage of depositor savings is reduced similar to what happened in Cypress. All EU member states have been required to have bail-in legislation on their books beginning this year.

While the European Union will probably not execute their plans to confiscate depositor savings through a bail-in until the next major economic meltdown occurs, some banks there have already begun charging negative interest rates on savings. They are now effectively charging depositors to warehouse their money. This is intended to get depositors to take their money out of the bank and spend it in an effort to stimulate the economy.

Whether negative interest rates works to stimulate the economy or not, it will lead to governments implementing some sort of cashless system in order to have more control. Most transactions are already done digitally out of convenience. A cashless economy sets the stage for the time when all transactions can be micro-managed by the state which is necessary for the mark of the beast that will be implemented during the Tribulation (Revelation 13:16-18).

The European Union is the model for the world coming together as expressed in their motto, “United in diversity.” What is being tried to stimulate the economy in Europe will eventually be done worldwide. All that is required is a big enough economic crisis to cause governments to take action.
And such action has generally resulted in them gaining more control over their people. When the problem becomes bigger than national governments can fix by printing more money or confiscating savings, there will be increasing demands for a bail-out by an even higher governmental entity—a more powerful global union of nations.

Every crisis is taking us closer to the global government the Bible says will be in place when the Lord returns. The stage-setting is picking up pace at such a rate that many have theorized there must be a conspiracy of the elite orchestrating developments in order to rule the world. Whether or not there is a human conspiracy at work in the world, there certainly is a spiritual one.
God is removing His restraint from evil to prepare the world for the Tribulation when lawlessness will run its course. This is allowing Satan and his fallen-angel followers to have more influence over the nations of the world.

God is in control of the economy and allows it to flourish or fail in order to serve His purposes. The idea that mankind can control the economy is an illusion that will eventually become apparent to all. But until then, mankind’s solution to fix the economy will be to double-down on the flawed policy to seek a bail-out from a higher governmental authority.
This is the dynamic that will eventually give us a global government. This world will experience the ultimate in human control over mankind and Revelation 18 says it will fail spectacularly.

There have always been economic cycles and they are nothing to fear for those who are trusting in the Lord. God promised us in Genesis 8:22:
“While the earth remains, seedtime and harvest, cold and heat, winter and summer, and day and night shall not cease” (NKJV).
The best way to prepare for the coming economic meltdown is to apply the principles God has given us in His Word to be good stewards of His blessings. And this includes such things as getting out of debt and investing to lay up treasure in heaven.

The bailout this world sorely needs is for Jesus to return. All the economic pain this world will experience in the next few years will bring mankind to the end of themselves and prepare society for rule by the Lord Himself. But followers of Christ during this Age of Grace will not have to go through the worst of the economic turmoil that will characterize the Tribulation. The best way for people to be prepared for the economic crash described in Revelation 18 is to allow Jesus to be their Savior and Lord now, before the Rapture of the church.

The economy of the Lord is far superior to that which mankind envisions. It is actually encouraging to see the end of mankind’s economy foreshadowed when you know it only indicates the kingdom of God on earth is very near.
Come soon Lord Jesus!

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Jan 20

‘This Is It, We Are Watching The Meltdown’ – Bill Holter: ‘We Are Standing At The Gates Of Hell’

By Susan Duclos – All News PipeLine

The FED has lost control and collapse is here.
As of Wednesday January 13, 2016 it was reported that nearly 3.2 trillion had been wiped off the global stock market since the start of 2016 and now we see another voice added to the ever-growing list of experts that are telling us “this is it, we are watching the meltdown” happen right before our very eyes.

Bill Holter from JS Mineset was interviewed on Friday by SGTReport, informing listeners that this was the first time ever he requested to be interviewed because “The Fed has lied themselves into a corner. They raised rates and here we are a month later, the system is imploding and they have no bullets left. They are going to have to do QE4, they are going to have to do negative interest rates .”

Holter continues on to say “I guess the best way to look at where we are right now is, we’re standing at the gates of Hell.”

Anyone that thinks Holter is overly dramatic about what is happening right now, needs to understand that by Sunday it was reported that according to Bank of America Merrill Lynch those losses had reached $4 trillion as ThisIsMoney UK offers “truly apocalyptic warnings that stock markets are set to plunge by levels that would wipe out the gains of the past decade – and then some.”

Michael Snyder from The Economic Collapse Blog offers up some sobering facts of what has occurred just this weekend before concluding “this is just the beginning. What we have seen so far is just the warm up act, and much, much worse is yet to come.”

On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were down 3.1 percent, stocks in Saudi Arabia plummeted 5.4 percent, and stocks in Qatar experienced a mammoth 7 percent decline. And of course all of this comes in the context of a much larger long-term decline for Middle Eastern stocks. At this point, Saudi Arabian stocks are down more than 50 percent from their 2014 highs. Needless to say, a lot of very wealthy people in Saudi Arabia are getting very nervous. Could you imagine waking up someday and realizing that more than half of your fortune had been wiped out? Things aren’t that bad in the U.S. quite yet, but it looks like another rough week could be ahead. The Dow, the S&P 500 and the Nasdaq are all down at least 12 percent from their 52-week highs, and the Russell 2000 is already in bear market territory.

Related: ‘Elite’ Are Preparing For ‘Uprising’ From The Masses – With Global Economy In Full Panic, More Signs They’re Preparing To Move Into Their Underground Bunkers

While there is no doubt the “Plunge Protection Team” is working over-time in an attempt to re-assert some control, we see the world markets have already started the new market week with a drop, with CNBC reporting “Markets in Asia closed mostly lower Monday, on the back of another Wall Street sell-off Friday. Major indexes in Australia and Japan were nearing bear market territory, down over 18 percent from their 52-week closing highs.”


The bottom line here is that the Fed and central bankers have lost control, they do not have many, if any more, tricks up their sleeve to manipulate the markets, the economy or control the news about what is coming. Some of the biggest names, banks, investors, trends analysts and other industry insiders have been warning us for years this day would was coming….

“Welcome to tomorrow.”

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Jan 20

A world divided: Elites descend on Swiss Alps amid rising inequality

Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.
Just 62 people, 53 of them men, own as much wealth as the poorest half of the entire world population and the richest 1 percent own more than the other 99 percent put together, anti-poverty charity Oxfam said on Monday.
Significantly, the wealth gap is widening faster than anyone anticipated, with the 1 percent overtaking the rest one year earlier than Oxfam had predicted only a year ago.
Rising inequality and a widening trust gap between people and their political leaders are big challenges for the global elite as they converge on Davos for the annual World Economic Forum, which runs from Jan. 20 to 23.
But the divisions go far beyond those that exist between the haves and have-nots. In the Middle East, the divide between Shi’ites and Sunnis has reached crisis point, with Iran and Saudi Arabia jostling openly for influence in a region reeling from war and the barbarism of Islamic extremists.
The conflicts there have spilled over into Europe, causing deep ideological rifts over how to handle the worst refugee crisis since World War Two and – with Britain threatening to leave the European Union – raising doubts about the future of Europe’s six-decade push towards ever closer integration.
The shock emergence of Donald Trump as the front-runner for the Republican presidential nomination has exposed a gaping political divide in the United States, stirring anxiety among Washington’s allies at a time of global turmoil.
Among the key figures in Davos, will be U.S. Vice President Joe Biden, Secretary of State John Kerry, Israeli Prime Minister Benjamin Netanyahu and the foreign ministers of both Iran and Saudi Arabia.
Canada’s new Prime Minister Justin Trudeau will be on hand, as will Britain’s David Cameron and Mario Draghi at a time when a new transatlantic monetary policy divide is opening up between his loosening European Central Bank and a tightening U.S. Federal Reserve.
Celebrities will also be out in force, including film stars Leonardo Di Caprio and Kevin Spacey.
Edelman’s annual “Trust Barometer” survey shows a record gap this year in trust between the informed publics and mass populations in many countries, driven by income inequality and divergent expectations of the future. The gap is the largest in the United States, followed by the UK, France and India.
“The consequence of this is populism – exemplified by Trump and Le Pen,” Richard Edelman, president and CEO of Edelman, told Reuters, referring to French far-right leader Marine Le Pen, whose National Front has surged ahead of traditional parties in opinion polls.
The next wave of technological innovation, dubbed the fourth industrial revolution and a focus of the Davos meeting, threatens further social upheaval as many traditional jobs are lost to robots.
The Oxfam report suggests that global inequality has reached levels not seen in over a century.
Last year, the organisation has calculated, 62 individuals had the same wealth as 3.5 billion people, or the bottom half of humanity. The wealth of those 62 people has risen 44 percent, or more than half a trillion dollars, over the past five years, while the wealth of the bottom half has fallen by over a trillion.
“Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate,” the report says.
It points to a “global spider’s web” of tax havens that ensures wealth stays out of reach of ordinary citizens and governments, citing a recent estimate that $7.6 trillion of individual wealth – more than the combined economies of Germany and the UK – is currently held offshore.
“It’s a major wake-up call,” said Jyrki Raina, general secretary of IndustriALL Global Union, which represents 50 million workers in 140 countries in the mining, energy and manufacturing sectors. “Inequality is one of the biggest threats to economic well-being and it needs to be addressed.”
U.S. President Barack Obama touched on the issue in his recent State of the Union address, noting that technological change was reshaping the planet.
“It’s change that can broaden opportunity, or widen inequality. And whether we like it or not, the pace of this change will only accelerate,” he said.
“Companies in a global economy can locate anywhere, and face tougher competition…As a result, workers have less leverage for a raise. Companies have less loyalty to their communities. And more and more wealth and income is concentrated at the very top

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Jan 06

Jim Willie Predicts Coming Reset Will be a Global Blossoming Event

(TRUNEWS) World renowned economic forecaster, Jim Willie, told Rick Wiles on Monday that the long awaited reset of the global financial system “has begun.” Citing the steep decline of oil as a major factor in the coming ‘death of the dollar’, which has gone from a mid-2014 selling point of $106 a barrel, to a slump of just above $35 as markets closed today, Willie predicted nothing but woes for the U.S. going into 2016.
Though Willie did not think the 7% drop, and subsequent trading halt, in the Chinese market was a ‘big deal,’ he did emphasize that regardless of what happens to their stock market, China’s lack of external debt, and accumulation of upwards of 30 thousand tons of Gold over the last decade, puts them in a unique position of power. “Foreigners have no way of extracting their money,” Willie said, and made it clear that the real news was their “gradual move toward a Shanghai gold fix,” where the Chinese literally take control of the Gold price.
Regarding other major economic moves happening in the world, Willie commented that another threat to the global economic order is “Russia taking control of oil price setting mechanisms,” as Saudi Arabia commits economic suicide with their over production of oil and depletion of national reserves. Willie noted that the Ghawar oil field, Saudi Arabia’s main crude oil producing field for almost 60 years, is “producing 98% water,” and inferred the resource titan will likely not see another decade of service at the current rates of drilling.
In addition to the over drilling, Willie also referenced the ongoing proxy war the Saudi’s are losing in Yemen, as the U.S. armed, British and Israeli backed, ISIS, in Willie words, “continues to run its main head quarters from the U.S. Embassy in Ankara, Turkey

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Dec 10

What Will Happen In 2016? The Signs Are All Here – A Dire Warning For Americans – No Nation Lasts Forever!

By Stefan Stanford – All News Pipeline – Live Free Or Die

With less than 4 weeks now remaining in 2015, 2016 is setting up to be a year for the ages and a warning for America – the signs are all here – are we ready? From a story Drudge linked to on the Washington Free Beacon telling us that 72 Department of Homeland Security employees are on the terrorist watchlist to JPMorgan recently warning of a 76% probability of an upcoming recession we see the writing on the wall – America’s in very deep trouble and by design.

Between worldwide war and global financial collapse on the horizon, we take a look in this story at some of the unfolding signs that show us 2016 likely won’t be just any ‘ordinary year’.

With the only thing now standing in between the ‘end of America’ and a tyrannical ‘new world order’ being the awakened and aware American people and the 1st and 2nd Amendments, we expect that 2016 will likely begin much as 2015 is coming to an end – with ISIS threatening an apocalypse on the Western world while ‘false flags fly’ around the world and things quickly come unraveled.

As Gerald Celente tells us: “When all else fails, they take us to war. Look, go back to 1929 and the market crash. You had market crashes, Great Depression, currency wars, trade wars, world war. Voila, here we are again. Panic of ‘08, Great Recession, currency wars world war. . . . When the market collapses, the war talk will heat up.”

On the international ‘World War 3’ front we see that Iraq may ask Russia for direct intervention to deal with their ‘Turkey’ problem. Turkey has been sending their military into parts of Iraq near Mosul, allegedly to help protect the ISIS oil transport route through the country and back to Turkey, without the permission of the Iraqi government . We see that this could quickly get out of hand if Russia decides to bomb the Turkish military while they’re in Iraq protecting ISIS’ oil. From Zero Hedge.:

The point is this: Iran is not going to stand idly by and let America and Turkey put more boots on the ground in Iraq which is why just hours after Ash Carter announced that The Pentagon is set to send in more US SpecOps, Kataib Hezbollah threatened to hunt them down and kill them. Not coincidentally, PM Haider al-Abadi rejected a larger US troop presence just moments later.
Now, Abadi has given Turkey 48 hours to get its troops out of Iraq or else.
Or else what?, you might ask. Well, or else Baghdad will appeal to the UN Security Council where Russia and China would likely support the Iraqi cause.
But that’s a little too meek of a solution for some Iraqi politicians including Hakim al-Zamili, the head of Iraq’s parliamentary committee on security and defense who said on Sunday that Iraq “may soon ask Russia for direct military intervention in response to the Turkish invasion and the violation of Iraqi sovereignty.”
“Iraq has the ability to repel these forces and drive them out of Iraqi territory. We could also request Russia to intervene militarily in Iraq in response to Turkish violation of Iraqi sovereignty,” he told Al-Araby al-Jadeed.
Also on the global WW3 front we see the Syrian government has called the recent US-led coalition air strike upon Assad regime forces ‘an act of aggression’ and with Russia recently promising the US that any further ‘acts of aggression’ around the world on their part might lead to a World War 3 fought upon American soil we have to wonder how much longer it will be until American acts of aggression around the world lead to war in America.
In this first video our videographer begins with Barack Obama’s ‘war on Christmas’ and quickly moves into the events of the past week in San Bernardino, California. Using videos from the mainstream media our videographer breaks down all of the late 2015 events that lead him to believe that 2016 will be a year to remember.

Gerald Celente has been forecasting future trends for over 20 years now and according to him, war and financial calamity are coming with a much bigger bust than 2008. He’s asked if we’re now watching a precursor to the next crash in a gold and silver demand spike to which Celente replies: “I totally believe so. It’s definitely worse now. Look at the bubble they created. If there is a terror strike, they will use this as the excuse to rob us to try to mitigate the disaster that they have caused. I believe they will declare a bank holiday and devalue the currency. That’s the way they are going to get us out of this.”

We also learned today from King World News and Egon von Greyerz that the ‘elite’ plan to send global markets into a full-blown panic in their latest attempt to dominate the world as shared in this new story.
With recently released documents outlining in great detail the goal of the Islamic State to dominate the entire world including plans for education and industry as shared in this Mirror story we see a very real threat to not only the lives of Americans and westerners across the world as 2016 but we also see a very clear enemy defined before us.

With the inability of our commander-in-chief to either clearly define and see the same enemy that seeks to dominate the world or his obvious support of that enemy as he seeks to disarm Americans while bringing possible terrorists into the country ‘en masse’, we see that 2016 could easily bring America and the world massive destruction. As former Republican presidential candidate Ron Paul previously warned, no nation goes on forever.

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Nov 28

‘We’re At The Midnight Hour’ – ‘The Wheels Are Coming Off The Bus And The Danger Level Is Increasing Dramatically’

Rick Wiles TruNews Roundtable With Steve Quayle

By Stefan Stanford – All News Pipeline – Live Free Or Die
Rick Wiles from TruNews is back in studio today and immediately tells us he feels like ‘the wheels are coming off the bus’ while soon after we’re told ‘the danger level is increasing dramatically’ as he and his team break down Thursday’s early events. With all that is going on in the world, the conversation quickly turns to Syrian refugees and ‘open source terrorism’ which has come to American shores as Barack Obama fails his call to duty to the American people.

Rick talks about the fall of Europe and George Soros’ push for open borders while asking if the left has totally gone insane or are they so diabolical that they don’t care that they’re going to bring about the fall of Western civilization. Wiles points out several facts that might prove Barack Obama may be insane Wiles and crew also come to the conclusion previously reached by ANP, ISIS terrorists are here in America. As this Syrian national who has been in America for over 40 years recently told the NY Post, ISIS terrorists are not only here in America but they’re most likely working together in sleeper cells just waiting to be activated, have likely been here for many years and many of them have been able to sneak into America posing as refugees from their war-torn countries. From the NY Post story.:
A leader of New York City’s Syrian community told The Post on Wednesday that ISIS terrorists have “absolutely” sneaked into America by posing as civil-war refugees — and joined sleeper cells just waiting to be activated.
“I believe the terrorists from Syria have been coming into the United States, not only in the past few years, but way before that,” said Aarafat “Ralph” Succar of Bay Ridge, Brooklyn, home of the city’s largest enclave of Syrian immigrants. “I think they’re already at work.”
Steve Quayle joins Rick during the 2nd half of the video at the 29 minute 30 second mark and the conversation turns towards all of the events that we are now witnessing around the world and signs that show we’ve reached the midnight hour. Quayle tells us that what we’re watching now is Islamic prophecy, which Barack Obama believes, playing out before our eyes and for the ‘Mahdi’ to come on to the scene, there 1st has to be a global war.
He then tells us that the only way that America could have gotten into this position to lose over the last 7 years was by destroying the military by cutting off the funding and replacing those loyal to America with those who aren’t. He’s also encouraging everybody to understand the lateness of the hour and to prepare ourselves for what’s coming. He then brings up the alarming story from ENENews that tells us about the collapse of the entire Pacific Ocean salmon ecosystem, what is being called “the worst ever”, “very frightening…pathetic…grave…disastrous…and non-existent salmon as Fukushima takes its deadly toll upon us.

Quayle then tells us that we are not witnessing an ‘immigration issue’ at all but an ‘invasion issue’; “this is the takeover and demise of our great country, this is the end of our borders, languages and cultures, this is the end of our heritage, this is the end of the words of the national anthem, this is the end of ‘old glory’ and the glory of this country was based on the glory of God.”

We’re then told that it will likely take a massive series of horrible events to get the attention of those who are still in denial and we are on the verge of horrific prophecy coming to pass.

Wiles tells us that many Christians are simply sleep-walking through dangerous times, completely unaware about what is really going on with their heads jammed in Facebook, and would likely sleep-walk straight into concentration camps once this all comes falling apart. Quayle tells us that what we’re about to witness will be such a devastating event, people who’d previously worried about their pension or where they’d be retiring will have something much more important to worry about, their very survival.

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Nov 17

France goes to war with ISIS: Start of World War 3?

Launches deadly airstrikes on training grounds in Syria
Published: 4 hours ago
Reports are coming in that on Monday France will invoke Article 5 of the NATO Mutual Defense Treaty. NATO’s collective defense clause compels all NATO members – including America – to fight alongside France against ISIS.
In response to Friday’s series of coordinated attacks across Paris, French President Francois Hollande declared on Saturday that France would respond with a “pitiless” war against the group responsible. Speaking from the Bataclan, the site of one of the attacks, he stated, “We are going to lead a war which will be pitiless.”
On Sunday, 10 French fighter jets pummeled the ISIS-held city of Raqqa with at least 20 bombs, according to the French defence ministry. Britain’s Mirror reported the jets hit a command and control center, jihadi recruitment center, munitions depot and a training camp.
ISIS is claiming responsibility for the Paris attacks. In an online statement in Arabic and French which authorities say appears to be genuine, the attacks are called a “miracle” carried out by “eight brothers wearing explosive vests and assault rifles.” The statement called Paris the “capital of abomination and perversion.”
The Guardian reports security analyst Charlie Winter said he has seen huge amounts of ISIS propaganda and he believes the statement is definitely from the group, though it was “put together hastily” and it is not clear whether the attacks that killed 127 people were directly ordered by ISIS or only inspired by the group.
International Business Times notes: “NATO Secretary-General Jens Stoltenberg said Friday the alliance would stand with France and remain ‘strong and united’ against terrorism. Although France hasn’t announced whether it will invoke Article 5, Stoltenberg told the Journal NATO’s members stand ready to assist. ‘The important thing is we support French authorities in their determination to deal with the terrorist threat,’ he said.”
“The defense clause of NATO’s founding treaty stipulates that if invoked, each of the members will assist the party attacked,” continues IB Times. “NATO’s military resources include more than 3 million troops under arms, 25,000 aircraft and 800 oceangoing warships, according to Foreign Policy. Economically, the alliance is also an intimidating force, representing more than 50 percent of global GDP. … The only time Article 5 has been invoked was after the Sept. 11, 2001, terror attacks on the New York and Washington, which prompted NATO’s participation in the Afghanistan military mission. Should France become the second country to do so, ambassadors of the 28 nations would need to convene for consultation to determine a plan of action. The last country to request such a consultation was Turkey after attacks by ISIS in 2014.”
Security expert Bruno Tertrais, senior research fellow with the Paris-based Fondation pour la Recherche Strategique (FRS), in speaking with DW, said, “I believe it is now time for a united front in Europe and along with our NATO allies to see whether we can coordinate better and act more vigorously against the jihadi terrorist threat in all its components. One of the things that will be discussed in the coming hours and days is whether or not the clauses of solidarity which exist in EU treaties and in the NATO treaty’s Article 5 should be called upon and put into effect. Certainly on the French side, there is a hope that our European friends and allies will also contribute to the military action against ‘Islamic State’ in Iraq and Syria in a more proactive way.”
If France involkes Article 5, it is essentially declaring war, not just an authorization for the use of military force.
However the situation is complicated by the fact that ISIS is based in Syria.
“Russia is defending Syria to assist Syrian President Bashar Assad,” notes SuperStation95. “When NATO goes to get ISIS, they will necessarily have to go into Syria … where Russia is defending. Will Russia relent and let NATO attack? Or will Russia decide this NATO action is a thinly disguised effort to unseat Bashar Assad, and cause Russia to battle NATO?”
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Tertrais noted that Paris-style attacks could happen in every major Western city.
“It does not really come as a surprise,” he said. “All the intelligence services and police knew that a major attack of the kind we had [on Friday] was not only possible, but almost likely. It is the kind of attack that police has tried to prevent for several years now, but it was absolutely not a surprise. Of course, it was a huge shock, especially because of the simultaneous nature of the attacks and the fact that for the first time ever, we had suicide bombers operating on the national territory.
“It’s the combination of a new modus operandi, the suicide attack, with the number and coordination of the attacks which is particularly troubling and shocking. But that is not even the worst thing. The worst thing is that they could be testing us for an even bigger attack; at least that is a hypothesis that some of the intelligence services are working on right now. This tells me that there is both the intent and the capability to try to do serious harm to the French republic. And if they were able to do that yesterday night, they unfortunately are able and likely to do it again. And I am certain that the French government is also working on that hypothesis.”
Speculation is strong that France’s declaration will usher in World War III.
According to SuperStation 95, currently high-level discussions are taking place in Congress about whether to intern all Muslims in America, similar to the way the Japanese were interned during World War II after the Pearl Harbor attack in 1941.
“According to well-placed sources in the Defense Department,” writes SuperStation 95, “inquiries have been made by staff from the congressional leadership, asking if the camps created under the REX-84 program in the mid-1980s are available for use? When told ‘Yes’ the congressional staff revealed that discussions are taking place among the highest levels of U.S. congressional leadership about possibly interning ALL Muslims in the United States. … The prevailing thinking is that Muslims of today represent a much more dangerous threat than the Japanese during World War 2 and if the U.S. is going to declare war upon ISIS, it may be necessary to control the Muslim population within the USA.”
Speculation about whether to intern Muslims in America go back as far as July, in the wake of the Chattanooga, Tennessee, shootings in which four Marines and a Navy petty officer were killed by a 24-year-old Muslim man.

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Nov 15

Turkey’s Erdogan Puts Syria & Iraq on G20 leaders Agenda

Turkey wants world leaders to discuss the conflicts in Syria and Iraq at a G20 summit this weekend and is ready to take “stronger steps” in the region following its general election, President Tayyip Erdogan said on Wednesday.
Leaders of the Group of 20 major economies (G20), including the United States, China, Japan, Russia, Canada, Australia and Brazil, are to meet on Sunday and Monday in the Mediterranean resort of Antalya to discuss global economic issues.
But Turkey, a NATO member which has taken in more than 2 million refugees from Syria and Iraq and faces a growing threat of spillover from the conflicts, wants the heads of state to also discuss the unrest there.
“Our inclusion of issues of Iraq and Syria to the G20 agenda is not against the primary objectives of the platform,” Erdogan told a business meeting in the capital Ankara.
The ruling AK Party, founded by Erdogan, regained the parliamentary majority it had lost just five months earlier in an election a week and a half ago. He said that meant Turkey could now act with more authority in the region.
“The result of the Nov. 1 election completely removed political uncertainty in Turkey and gave us the opportunity to take stronger steps on regional issues,” Erdogan said, without elaborating.
Turkey has been a staunch opponent of Syrian President Bashar al-Assad, arguing lasting peace is impossible without his departure. Prime Minister Ahmet Davutoglu said on Tuesday that Turkey would respond by air and land to threats from Syria and that a new strategy was needed.
Russia, which supports Assad, wants the Syrian government and opposition to agree on launching a constitutional reform process of up to 18 months, followed by early presidential elections, a draft document obtained by Reuters showed on Tuesday.
The proposal, drawn up before international talks on Syria in Vienna this week, does not rule out Assad’s participation in the election, something Ankara and the Syrian leader’s other foes are likely to oppose.
Turkey is also expected to use its presidency of the G20 to try to persuade allies including Washington against giving U.S.-allied Syrian Kurdish rebels a greater role in the fight against Islamic State militants.
Turkey, which opened its air bases in July to the U.S.-led coalition against Islamic State, sees advances by the Syrian Kurds as a threat to its national security, fearing they could stoke separatism among its own Kurds.
“Anyone ferrying wood to the Syrian fire will find themselves burning. It is a friendly warning,” Erdogan said.

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