Tuesday, January 15, 2019

British People Suddenly Stopped Buying Cars

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by Mark O’Byrne, GoldCore:

– British people suddenly stopped buying cars
– Massive debt including car loans, very low household savings
– Brexit and decline in sterling and consumer confidence impacts
– New cars being bought on PCP by people who could not normally afford them
– UK car business has ‘exactly the same problems’ as the mortgage market 10 years ago, according to Morgan Stanley
– Bank of England is investigating to make sure UK banks are not overly exposed…
– Prudent British people buying gold with cash, not cars with debt

by Jim Edwards, Business Insider UK

Vehicle Sales In UK – Barclays via Business Insider

British people have suddenly stopped buying cars.

It’s not clear why. But a number of anti-car trends have hit Britain simultaneously — such as the rise of Uber and a decline in household savings — driving down car sales.

The chart above of total car sales both old and new, from Barclays, says it all. On this chart, the grey-black line is the crucial one. The blue line (online sales) represents only a small number of purchases. Barclays

Here’s what new car registrations look like:

Pantheon Macroeconomics via Business Insider

The prices of used/second-hand diesel cars has been particularly hard hit. On average, diesel prices are down 5.74{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} according to the sales site Motorway.co.uk.

Some diesel models are so unpopular that they’re trading at a 26.31{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} price decline.

The Motorway.co.uk data cover a recent sample of 24,000 used cars valuations of the 10 most popular cars in the UK. This year has already been a total shocker for diesel owners.

Read More @ goldcore.com

Warning: Don’t Take The Drugs Your Doctor Gave You Until You Read This

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from thedailybell:

Your waitress wants you to get another round of drinks. We get it. She wants to sell more and boost her tip.

But what if your doctor is doing the same thing when it comes to drugs? Unfortunately, they also want to sell more, and boost their tip… from the pharmaceutical companies.

But unlike the waitress, the doctor relies on a system of lies and manipulations.

Some doctors don’t even know what they are caught up in. They perform the tests. They read the journals. The tests say you have a disease. The journals say what treatments work.

But too often the tests are designed by the drug industry. And the journals are written and reviewed by frauds.

The Tests

All the sudden, everyone has a disease! What could have caused such a vast increase in hypertension, obesity, and osteoporosis?

The answer is an expanded definition of who is considered afflicted.

You walk into your doctor’s office for a physical exam and step on the scale. Last year, the doctor said you were overweight. Now he says you are obese — at the same weight.

A nurse takes your blood pressure. You have hypertension — with the same previously healthy reading you’ve had for years.

Read More @ www.thedailybell.com

How Big Can the Sun Flare? Small CME Coming | S0 News Sept.12.2017

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from Suspicious0bservers:

Hillary Clinton “Obsessed” With Alex Jones in New Book

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by Paul Joseph Watson | Infowars.com :

As part of her refusal to take personal blame for losing the election, Hillary Clinton complains about the impact Alex Jones and Infowars had on the presidential race numerous times in her new book.

“Hillary is obsessed with @RealAlexJones in her new book What Happened,” tweeted Mike Cernovich, before highlighting numerous passages from the book in which Clinton complains about the Infowars host.

Hillary accuses Trump of palling around with Jones while also acknowledging that when Infowars highlights something, “its reach expands dramatically”.

 

This is not the first time that Hillary has blamed Alex Jones and Infowars for her election loss.

During an on stage interview at the Code Conference on June 1, Clinton directly pointed to Infowars pushing the John Podesta emails after they were released by Wikileaks.

“Within one hour they dumped them and they began to weaponize them, and they began to have some of their allies within the Internet world like Infowars take out pieces and begin to say the most outlandish, outrageous, absurd lies you can imagine,” she said.

Clinton first mentioned Jones during an August 2016 speech in Reno, Nevada when she tied Trump with Jones in an attempt to discredit the Donald.

Suffice to say it didn’t work, but Clinton is still seemingly obsessed with anything she can point to in order to explain her defeat without taking any personal responsibility.

Read More @ infowars.com

Hurricanes Katrina, Sandy, Harvey and Irma: It’s Time for the Public to Reclaim the National Budget

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by Pam Martens and Russ Martens , wallstreetonparade:

After the devastation of Hurricane Katrina and Super Storm Sandy, most rational nations would have imposed restrictions on coastal building and devoted meaningful portions of the national treasury to fund scientific research to limit future loss of life and economic hardships from such monster storms. And yet, here we are in 2017 facing the current reality: vast swaths of a major economic hub, Houston, lies in ruins from the flooding unleashed by Hurricane Harvey while the entire State of Florida awoke this morning to the chaos unleashed yesterday and overnight by the bizarre 415 mile-wide Hurricane Irma, with a reported 4.5 million homes and businesses currently without power in Florida, a state where temperatures routinely reach into the 90s in September and air conditioning is a necessity, not a luxury.

The leadership in Washington has not reflected that of a rational nation for many years now and, tragically, U.S. citizens, for the most part, have allowed their  democracy to become a spectator sport.

We currently have a President who has withdrawn the United States from the Paris Climate Accord, putting at risk international cooperation to combat global warming and sea level rise, two clear contributing factors to the increasing frequency of the so-called 500-year storm. As David Dayen wrote recently at the New Republic:

“The city [Houston] suffered a ‘500-year flood,’ defined as one with a 0.2 percent chance of occurring in a given year based on past experience, in 2015. It had another 500-year flood in 2016. And it’s experiencing something much bigger than a 500-year flood right now. Maybe it’s time to admit that past performance is no longer any indication of future results.”

The leadership in Washington has, for many years now, cared so little about its responsibility to its citizens that it doesn’t even bother to keep the national books in order to account for how it is spending taxpayers’ money. According to a report released last year by the watchdog for Congress, the nonpartisan Government Accountability Office (GAO), an audit showed that the U.S. government can’t reliably report a significant portion of its assets, liabilities, or expenditures.

Read More @ wallstreetonparade.com

Keiser Report: Modi’s ‘demonetization’ (E1122)

from RT:

In the second half, Max continues his interview with Michael Pento of PentoPort.com on gold returning to a bull market amidst the emerging market meltdowns.

Rep. Franks Predicts Awans Will Get Immunity For “Significant, Disturbing Story” About Wasserman Schultz

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from ZeroHedge:

Last week the Washington Examiner reported that Hina Alvi, the wife of Debbie Wasserman Schultz’s now-infamous former IT staffer Imran Awan, had struck a deal with federal prosecutors to return to the U.S. where she currently faces charges of conspiracy and bank fraud.  The deal with prosecutors mandates a return to the U.S. during the “last week of September 2017” and is structured so that she will not be arrested in front of her children. 

Now, if you’re the cynical type, then it might have struck you as somewhat odd that Alvi would agree to return from Pakistan, the place to which she successfully fled specifically to avoid the charges she now seems to be embracing.

But, at least according to Congressman Trent Franks (R-AZ) who appeared on Fox News recently, there may be more to Alvi’s return than meets the eye as he predicts that the Awans could be working on a broader immunity deal with prosecutors in return for a “significant” and “pretty disturbing” story about Debbie Wasserman Schultz.

“I don’t want to talk out of school here but I think you’re going to see some revelations that are going to be pretty profound.  The fact that this wife is coming back from Pakistan and is willing to face charges, as it were, I think there is a good chance she is going to reach some type of immunity to tell a larger story here that is going to be pretty disturbing to the American people.”

“I would just predict that this is going to be a very significant story and people should fasten their seat belts on this one.”

Of course, this follows speculation that surfaced last week suggesting that even if the Awans were originally acting to protect/extort Debbie Wasserman Schultz, that may have all changed on April 6, 2017 when Imran seemingly led U.S. Capitol Police directly to her laptop.  Per The Daily Caller:

A laptop that Rep. Debbie Wasserman Schultz has frantically fought to keep prosecutors from examining may have been planted for police to find by her since-indicted staffer, Imran Awan, along with a letter to the U.S. Attorney.

U.S. Capitol Police found the laptop after midnight April 6, 2017, in a tiny room that formerly served as a phone booth in the Rayburn House Office Building, according to a Capitol Police report reviewed by The Daily Caller News Foundation’s Investigative Group. Alongside the laptop were a Pakistani ID card, copies of Awan’s driver’s license and congressional ID badge, and letters to the U.S. attorney. Police also found notes in a composition notebook marked “attorney-client privilege.”

The laptop had the username “RepDWS,” even though the Florida Democrat and former Democratic National Committee chairman previously said it was Awan’s computer and that she had never even seen it.

The laptop was found on the second floor of the Rayburn building — a place Awan would have had no reason to go because Wasserman Schultz’s office is in the Longworth building and the other members who employed him had fired him.

DWS’s story on the now-infamous laptop has ‘evolved’ over the months…originally it was apparently her laptop back when she decided to threaten the U.S. Capitol Police Chief but later, after he stood his ground, DWS backtracked saying she had never seen the laptop and it never belonged to her.

Wasserman Schultz used a televised May 18, 2017 congressional hearing on the Capitol Police budget to threaten “consequences” if Chief Matthew Verderosa did not give her the laptop. “If a member loses equipment,” it should be given back, she said.

Verderosa told her the laptop couldn’t be returned because it was tied to a criminal suspect. Wasserman Schultz reiterated that, while Awan was a suspect, the computer should be returned because it is “a member’s … if the member is not under investigation.”

She changed her story two months later, claiming it was Awan’s laptop — bought with taxpayer funds from her office — and she had never seen it. She said she only sought to protect Awan’s rights. “This was not my laptop,” she said August 3. “I have never seen that laptop. I don’t know what’s on the laptop.”

Read More @ ZeroHedge.com

Reality of the Dollar

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by Martin Armstrong, Armstrong Economics:

QUESTION: Hello Mr Armstrong.

I understand the logic of the weakness / strength of currency that you outline from time to time in your modelling of the global crisis.

You omit to explain the importance in the pace of change in the value of a currency; for instance Venezuela and Argentina according to your explanation of the dollar weakness ought to have benefited from a free falling currency. They are both exporters of natural resources that receive foreign exchange for their exports. Can you please elaborate on this difference? The US dollar is of course not free-falling, but for the global reserve currency, it has fallen precipitously year to date.

My second question concerns the groundhog mentality of a lot of commentators about the dollar and its safe haven status. I wonder why it is that when a group of large countries decide to exclude the dollar from their transactions, it would have nothing to do with that currency’s weakness?

You say the US is an oil exporter; well it does export oil, and it also imports oil of the a different grade to the one it exports. In addition, is it just a coincidence that countless countries with oil assets have been invaded and/or sanctioned in the last 70 years? Persia, Iraq, Libya to name but a handful of energy nations, and let’s also throw in the case of the opium trade coming out of Afghanistan and which has the fingerprints of the US all over it.

I would appreciate not hearing an explanation about the need to spread democracy, human rights and being the honest broker as the reason the US holds 800 bases around the world and is currently the process of agitating to cause harm to the middle east, eastern europe and the south china seas.

Many thanks for your voluntary service to readers, especially the historic aspect of your memos, which are quite fascinating.

Best regards

CAL from Switzerland

ANSWER: Your proposition that the “pace of change” in the value of a currency when it collapses in such places as Venezuela and Argentina ought to have benefited from a free falling currency, is an interesting question that truly reveals the importance of CONFIDENCE. True, Trump and his predecessors since Ronald Reagan have preferred a weaker currency to stimulate foreign sales and thus the theory is such a policy will increase jobs. This is seriously flawed as always because of this one-dimensional analysis attempt to always reduce everything to a single cause and effect.

The value of a currency at its base is constructed upon CONFIDENCE in the government. If you do not TRUST the government, you simply will not accept their currency. This has been the case throughout history. I have pointed out how the Emperor of Japan lost the CONFIDENCE of the people and as such they would no longer accept his coinage. Japan stopped issuing coins for nearly 600 years because each emperor devalued the outstanding coinage to be 10{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of his new coins. Thus, people would not accept Japanese coins for they could become worthless  on the whim of an emperor. They reverted to bags of rice and Chinese coins – not Japanese.

Therefore, a weak currency will stimulate foreign sales provided you TRUST the government. Lacking that, the currency simply goes into a free fall and becomes worthless. This was the fate of the hyperinflation in Germany. It was NOT the Quantity of Money theory, it was the fact that there was a 1918 Communist Revolution in Germany where they had even asked the Communist Russians to take over Germany. It was the collapse in CONFIDENCE that led to the hyperinflation. We saw the same thing in every instance of hyperinflation for that is the free-fall when people not longer trust government. It has never been the Quantity of Money and this is also why the Quantitative Easingpolicy of the ECB has failed.

Likewise, you will see the same impact in interest rates, which are the reflection of future inflation. Rising interest rates will attract capital inflows but only to a point where CONFIDENCE is maintained. If CONFIDENCE in government collapses, then interest rates soar reflecting the risk factor in the Survivability  of government.

Consequently, all of these theories are not linear. They operate on a BELL CURVE. It is like my mother always said – too much of a good thing can be bad. A cookie or ice cream may taste great. But you cannot eat only cookies and ice cream. There is a limit to all things before the BELL CURVE comes into play.

Read More @ ArmstrongEconomics.com

Rep. Franks Predicts Awans Will Get Immunity For “Significant, Disturbing Story” About Wasserman Schultz

from Zero Hedge:

Last week the Washington Examiner reported that Hina Alvi, the wife of Debbie Wasserman Schultz’s now-infamous former IT staffer Imran Awan, had struck a deal with federal prosecutors to return to the U.S. where she currently faces charges of conspiracy and bank fraud.  The deal with prosecutors mandates a return to the U.S. during the “last week of September 2017” and is structured so that she will not be arrested in front of her children. 

Now, if you’re the cynical type, then it might have struck you as somewhat odd that Alvi would agree to return from Pakistan, the place to which she successfully fled specifically to avoid the charges she now seems to be embracing.

But, at least according to Congressman Trent Franks (R-AZ) who appeared on Fox News recently, there may be more to Alvi’s return than meets the eye as he predicts that the Awans could be working on a broader immunity deal with prosecutors in return for a “significant” and “pretty disturbing” story about Debbie Wasserman Schultz.

“I don’t want to talk out of school here but I think you’re going to see some revelations that are going to be pretty profound.  The fact that this wife is coming back from Pakistan and is willing to face charges, as it were, I think there is a good chance she is going to reach some type of immunity to tell a larger story here that is going to be pretty disturbing to the American people.”

“I would just predict that this is going to be a very significant story and people should fasten their seat belts on this one.”

Of course, this follows speculation that surfaced last week suggesting that even if the Awans were originally acting to protect/extort Debbie Wasserman Schultz, that may have all changed on April 6, 2017 when Imran seemingly led U.S. Capitol Police directly to her laptop.  Per The Daily Caller:

A laptop that Rep. Debbie Wasserman Schultz has frantically fought to keep prosecutors from examining may have been planted for police to find by her since-indicted staffer, Imran Awan, along with a letter to the U.S. Attorney.

 

U.S. Capitol Police found the laptop after midnight April 6, 2017, in a tiny room that formerly served as a phone booth in the Rayburn House Office Building, according to a Capitol Police report reviewed by The Daily Caller News Foundation’s Investigative Group. Alongside the laptop were a Pakistani ID card, copies of Awan’s driver’s license and congressional ID badge, and letters to the U.S. attorney. Police also found notes in a composition notebook marked “attorney-client privilege.”

 

The laptop had the username “RepDWS,” even though the Florida Democrat and former Democratic National Committee chairman previously said it was Awan’s computer and that she had never even seen it.

 

The laptop was found on the second floor of the Rayburn building — a place Awan would have had no reason to go because Wasserman Schultz’s office is in the Longworth building and the other members who employed him had fired him.

DWS’s story on the now-infamous laptop has ‘evolved’ over the months…originally it was apparently her laptop back when she decided to threaten the U.S. Capitol Police Chief but later, after he stood his ground, DWS backtracked saying she had never seen the laptop and it never belonged to her.

Wasserman Schultz used a televised May 18, 2017 congressional hearing on the Capitol Police budget to threaten “consequences” if Chief Matthew Verderosa did not give her the laptop. “If a member loses equipment,” it should be given back, she said.

 

Verderosa told her the laptop couldn’t be returned because it was tied to a criminal suspect. Wasserman Schultz reiterated that, while Awan was a suspect, the computer should be returned because it is “a member’s … if the member is not under investigation.”

 

She changed her story two months later, claiming it was Awan’s laptop — bought with taxpayer funds from her office — and she had never seen it. She said she only sought to protect Awan’s rights. “This was not my laptop,” she said August 3. “I have never seen that laptop. I don’t know what’s on the laptop.”

For those who missed DWS threatening the cops for a laptop that apparently didn’t even belong to her…it’s good entertainment.

Read More @ ZeroHedge.com

BREAKING: Decision Makers Have Been Informed Of Evidence Against Russia Hack

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by Elizabeth Vos, Disobedient Media:

Adam Carter has published a new article which states that important authorities including Robert Mueller and Jeff Sessions have been personally informed of the latest information debunking the Russian Hacking narrative. Pretended ignorance on the matter would be unacceptable.

Disobedient Media has previously reported on the extensive work conducted by the independent analyst known as Adam Carter. For months, Carter has been on the forefront of debunking the Russian hacking narrative by dismantling the Guccifer 2.0 persona and its contradictory claims. Carter’s work has been instrumental in creating the impetus and grounds for the analysis of the Forensicator, and in corroborating the efforts of Veteran Intelligence Professionals For Sanity (VIPS).

Robert Mueller

Carter published a new article earlier today, which indicated that authorities including Robert Mueller and Deputy Attorney General Rod. J. Rosenstein have been informed of the latest findings and evidence which may dismantle the Russian hacking narrative by VIPS associate Skip Folden.

Carter stated in his report: “Since the original report was sent out, Skip Folden, one of the co-authors of the VIPS report, has sent a far more detailed report to the Office of Special Counsel (Robert Mueller), Office of the Attorney-General (Jeff Sessions) and, I believe more recently, to additional parties that will be disclosed in the week ahead (along with further details about the contents of that report). The new report covers more than any of the previous reports (going beyond what Forensicator and myself even have the means to assess).”

This latest news indicates that key figures in the ‘Russiagate’ investigation have been made aware of the latest evidence on the issue; silence and protracted inaction on their part would be at minimum a direct indictment against their neutrality on this subject.

If the Russian hacking narrative is revealed to be fictional, it would be extremely important not only in terms of foreign policy but also in terms of domestic politics. Carter estimates: “There are billions of dollars and the reputations of many at stake.” These include the reputations of intelligence agencies, private businesses like Crowdstrike, and political figures who could potentially be exposed for involvement in a massive and intentional coverup.

In this light, it is hardly surprising that, as Carter recognizes, establishment media, many politicians, and figures within the intelligence community would aggressively oppose such findings. Carter adds that he believes Mueller will likely be especially resistant to information that may reveal Shawn Henry & Dmitri Alperovitch in a negative light. Carter explains that Shawn Henry has had: “close ties with Mueller in the past.” Disobedient Media has also reported on links between Crowdstrike and the Atlantic Council, which is financially associated with financier George Soros.

Carter points out in his latest work that despite their best efforts, “critics have not debunked the research and analysis” on this issue. He explained that critics had principally focused on transfer speeds as the paramount piece of evidence, using it as a “straw man” argument to discount the entirety of the findings. Carter then describes “circumstantial and verifiable evidence” which is usually ignored by critics. These include:

These issues have been discussed at length in the course of the last few months by Carter via his website. His findings indicate on multiple fronts that it is far more logical that the Guccifer 2.0 persona was a creation of the DNC with the assistance of Crowdstrike than the work of a Russian hacker.

Disobedient Media previously reported on numerous facets of Carter’s work, including his findings implicating Crowdstrike in the creation of the Guccifer 2.0 persona as a ‘Russian hacker’ in order to preemptively smear Wikileaks’ publication of the DNC leaks. He has also documented efforts to conflate Seth Rich with Guccifer 2.0.

Read More @ DisobedientMedia.com