The Hammer Is About To Fall
– Episode 1320
UMich consumer sentiment is in decline as more and more people do not see the economy improving. Illinois,
Illinois, Connecticut, and 14 other states are all facing the same problem, not enough funds and big bills, this will not end well.
The EU banking system is worse than we originally thought and what the EU wants us to believe. According the BIS Trump’s tariff system will bring down the economy, the corporate media is now playing this up.
Everything that is being done is in preparation for the great reset we are going to experience, manufacturing needs to be brought back, these agreements need to be removed and trade must be re-established with countries.
Obamacare is almost dead, Trump says to repeal now.
House is going to hold back the sanction bill.
Immigration laws were passed, one being Kate’s law.
Project Veritas continues with its investigation into CNN exposing fake news.
Susan Rice is prepared to testify and Eric Holder tweets something out which is really strange, looks like the hammer is about to fall and he is warning people.
Russia suspends payment to the EU.
Trump will meet with Putin, Lavrov says this will allow Russia and the US to repair relations.
Qatar is moving away from the dollar and moving in line with China and Russian currencies.
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Current News – 06.30.2017
- What would a disorderly bank collapse in Spain and Italy have done?
- New information has revealed just how serious a threat a disorderly collapse of Spain’s sixth largest bank, Banco Popular, might have posed to Spain’s banking system. In its final days, Popular was bleeding deposits at a rate of €2 billion a day on average.
- Much of the money was being withdrawn by institutional clients, including global mega-fund BlackRock, Spain’s Social Security fund, Spanish government agencies, and city and regional councils,
- All the while, Spain’s Economy Minister was telling the bank’s less privileged investors, including retail shareholders and junior bondholders, that there was absolutely nothing to worry about. Those that believed him lost everything.
- Between the end of March and its last day of trading, Popular shed €18 billion of deposits, roughly a quarter of the total.
- Bear in mind that Popular was a smallish bank, relatively speaking, with just €140 billion in assets.
- According to the FSB, there is only one bank in Spain that is officially too big to fail, and that’s Santander. Spain is home to another four banks (BBVA, Caixabank, Bankia, Bank de Sabadell) that are bigger than Popular was, but they are also apparently small enough to fail, despite the fact that the “insured” deposits of those banks’ customers would also not be covered by Spain’s Deposit Guarantee Fund — at least as it currently stands.
- Which brings us to Italy, whose government over the weekend pulled off one of the most audacious bank rescue operations of modern times. The government committed €17 billion in taxpayer funds to bail out senior bondholders and depositors of the two Veneto-based banks, Banca Popolare di Vicenza and Veneto Banca. That money included a €5 billion capital injection for Italy’s biggest retail bank, Intesa Sao Paolo, which picked up the good assets and liabilities, such as deposits.
- As everyone wonders why the ECB allowed the Italian government and bank bondholders to get off so lightly, in the process undermining the EU’s rules on bank resolution,
- Italy was one of 10 countries identified by the ECB in 2015 that (unlike Spain) wasn’t complying with EU rules on deposit guarantee schemes.
- Italy’s banks, whose responsibility it is to cover bank deposits, are in no shape at all to suddenly raise €11 billion of funds. They couldn’t even scratch together €1.2 billion of funds before the weekend.
- the President Trump plans for a 20% tariff on steel exports to the US.
- According to a paper by the Bank of International Settlements, the global economy faces four major risks, “(i) financial cycle risks for financial stability; (ii) risks to consumption growth from household debt; (iii) risks to investment from weak productivity growth and high corporate debt; and (iv) risks from rising protectionism.”
- a withdrawal into trade protectionism could spark financial strains and make higher inflation more likely.
- President Donald Trump has announced six new energy initiatives as part of the White House’s “Energy Week,” including approving the construction of a new petroleum pipeline to Mexico. The pipeline will go “right under the wall,” he said.
- New sanctions drawn up against Russia in the US Senate are no longer snagged by a technical matter, but the bill may still be in limbo, as it faces opposition in the House of Representatives.Senate fixed what’s known as a “blue slip” violation in its bill to lay further sanctions on Russia..Reuters reports that because of Congress’ recess next week, this delay will mean that the sanctions would not go through until after the G20 summit, where President Donald Trump will meet with Russian President Vladimir Putin. The goal for some lawmakers was to have the sanctions enforced before the meeting, in order to send a message to Putin.
- the House passed HR 3004, known as “Kate’s Law,” which would impose mandatory minimum sentences on previously removed illegal immigrants who return to the United States.
- The bill passed with a 257-167 vote. : House just passed #KatesLaw to enhance penalties for deported felons who return to US so they arent free to harm innocent lives
- Additionally, the House passed HR 3003, known as the “No Sanctuary for Criminals Act,” which would withhold federal grant money from “sanctuary” jurisdictions that refuse to comply with federal immigration enforcement requests
- The Parliamentary Assembly of the Council of Europe (PACE), a supernational organization created to promote freedom, the democratic values and human rights over the Europe, has been discrediting itself. According to experts, the organization is under the presure and is factually managed by the pro-US European bureaucracy.
- It looks that this has led to Russia’s decision to stop its payment to the PACE. Russia has halted its participation in the PACE’s executive bodies.
- Judging by phone conversations between Russian President Vladimir Putin and his U.S. counterpart Donald Trump, both leaders wish to overcome difficulties in relations between Russia and the U.S., Russian Foreign Minister Sergey Lavrov said
- Qatar’s Central Bank (QCB) said on Friday it would guarantee all exchange transactions for customers inside and outside the country without delay, dismissing media reports that some exchange companies have stopped buying the riyal.”Qatari riyal’s exchange rate is absolutely stable against the US dollar, and its exchangeability inside and outside Qatar is guaranteed at any time at the official price,”
- Over the past two years, Qatar has conducted over $86 billion worth of transactions in Chinese Yuan and has signed other agreements with China that encourage further economic cooperation.
- This is incredibly important because Qatar shares its major natural gas reserve with Iran, and Iran also conducts itsoil-related business deals with China in Yuan.
- If Iran and Qatar continue down this path, the U.S.’ self-asserted hegemony over the world’s financial markets will directly come under attack, and rising economic and military powers like Russia and China will continue to reap the benefits.
- the Lebanese Army raided two major refugee camps in the Jird Arsal area near the eastern border with Syria amid credible report they had been infiltrated by outlawed groups.
- During the large-scale crackdown, Lebanese security forces went from door-to-door in the Al-Nour and Al-Qaroyah camps and arrested some 300 suspected Islamic State and Hay’at Tahrir Al-Sham (Syrian Al-Qaeda) militants after informants supplied a full list of designated terrorists to the government.