From James Harkin (Webmaster & Editor of LindseyWilliams.net). Here is a summary of articles of interest from around the world for this week. Please continue to send me news articles and I will include them in the summary each week. Also, the latest articles and news are added daily at the Lindsey Williams Online Facebook Page. Please ‘LIKE' the page and share it with others. I have included a widget on the right hand side of this page also. I am also creating a Lindsey Williams Online YouTube page that will include regular videos and content.
Latest News From January 22, 2016 to January 28, 2016:
- The Federal Reserve may have made a huge mistake
Markets sure seem to think that the Federal Reserve has made a big mistake. It hasn't just been stocks selling off 10 percent to start the year. It has also been bonds saying that they don't think the Fed will come close to hitting its target of 2 percent annual inflation anytime in the next 10 years. Markets, in other words, have done everything short of holding a boom box outside of Fed Chair Janet Yellen's window to beg her not to raise interest rates any more after the Fed hiked them in December for the first time in nearly a decade. And it just might work. After all, there's no such thing as an atheist in a foxhole or an inflation hawk in a stock market crash, especially when prices were barely rising to begin with.
- Gerald Celente Just Announced A New Trend For 2016! He Also Discusses Unprecedented Global Carnage
The facts prove it. With just three trading days left in January, in the history of the Dow Jones, there has never been a new year that has rung in on such a down note. And the wild market ride has spread far beyond Wall Street. Just one week ago, the global equity rout sent the MSCI All-Country World Index into bear territory. From China to Japan, from the UK to France, stocks were down more than 20 percent from 2015 highs. Among the higher-risk emerging markets, stocks dove to their lowest levels since May 2009. Overall, some $15 trillion in global equity values has been lost since the year began.
- European Union useless and corrupt, says Sir Bernard Ingham
The European Union is useless, corrupt and riddled with fraud, Sir Bernard Ingham has said. In a withering attack, Margaret Thatcher's former press secretary asked: “Why should the UK throw another £12 billion a year down these mafia and assorted criminal drains?” Writing in the Yorkshire Post, Sir Bernard said that in his renegotiations, David Cameron was asking for too little and would get less.
- Aussie's Steep Drop Puts Inflation Worries on Hold
The Australian dollar’s steepest three-year decline since the currency was floated in 1983 is helping temper pressures for weaker inflation. The annual pace of consumer price gains accelerated in the final quarter of 2015 as the cost of goods and services influenced by imports climbed for the first time in a year. The bond market’s inflation expectations on Wednesday snapped the longest run of daily declines since at least 2009. The Aussie dollar’s 32 percent decline since the start of 2013 is helping to spare central bank Governor Glenn Stevens the deflation worries that haunt his peers in Wellington, Tokyo and Frankfurt. With unemployment falling in the latter part of 2015 and the local dollar “much lower,” the second half may have marked a bottom for the trend in core inflation, according to Deutsche Bank AG.
- Durable Goods Devastation: Capital Goods Orders Crash To Fresh Crisis Lows, Scream Recession
Durable Goods Orders crashed 5.1% MoM, far below the worst Wall Street forecast and turned back negative YoY as both sets including and ex-transports continues to deteriorate, flashing that a recessionary environment is already upon us (if not an actual recession). However, it is in the core – non-defense ex-aircraaft – segment that we see the real bloodbath as shipments plunged and new orders collapsed 7.5% YoY – another “worst since Lehman” moment. Of course we still have bartenders and waitresses to maintain the US economy so this is just transitory weakness in the stock market's most-dependent segment of the economy. Headline data turned back red YoY.
- Gold Demand Up, Supplies Nosedive in Fourth Quarter of 2015
Gold supplies took a nosedive as demand increased in the final quarter of 2015, according to the latest GFMS Gold Survey by Thompson Reuters. Total gold supply dropped 7% in Q4 of 2015, driven down by a 4% decline in mining production. It was the largest decline in mine output since 2008, according to the report. (EDITOR: As I've warned before, supplies are drying up!)
- Sale of public assets in 2015 was biggest in UK history
Sales of publicly-owned assets, including Royal Mail and Eurostar, raised more money for the Government in 2015 than any other year in history. A total of £26.4 billion was made through privatisations, beating by almost £6 million the previous record set in 1987, according to new analysis by the Press Association. The sell-offs included the Government's remaining 30% stake in Royal Mail, 5% of the Royal Bank of Scotland and more than 11 billion shares in Lloyds.
- Commerce in chaos: Can anyone take on Amazon?
Amazon.com was the best-performing stock last year in the S&P 500. The rest of the retail world is in chaos. Macy's recently announced 4,500 layoffs and up to 40 store closures. Wal-Mart is closing 269 locations and Finish Line is shutting 150. American Apparel filed for bankruptcy in October. Shares of Staples, Gap and Bed Bath & Beyond have all plunged at least 40 percent in the past 12 months.
- Amazon Shares Plunge on Holiday Earnings Miss
The e-commerce giant brought in $35.7 billion in sales during the fourth quarter. Amazon shares plunged more than 10 percent during after-hours trading on the Nasdaq after the e-tailing giant reported a weaker-than-expected holiday selling season. Sales at the Seattle-based tech company increased 22 percent to $35.7 billion during the quarter. It was the best quarter ever for the company, but came in below the $36 billion in sales that Wall Street was expecting.
- Commodities collapsing, currencies plunging. Will stock markets crash?
The Bloomberg Commodity Index is at a 13-year low. Last month, the S&P GSCI total Return index, which tracks a basket of commodities, fell 14 percent. That was its worst decline since November 2008. Twenty-three of the 24 index components tracked, registered losses for July. The word on Wall Street is that commodity prices are down on rising expectations that the Federal Reserve will boost interest rates by year’s end. Therefore, since commodities are traded in US dollars, it will become more expensive for other countries, whose currencies are declining, to buy raw materials.
- Maker of Oreos, Ritz Crackers shedding 1,000s of Chicago Jobs, Outsourcing to Mexico
Mondelez bakeries, which makes Oreo cookies, Ritz crackers, and Cadbury chocolates, has announced yet another round of layoffs at its Chicago bakery. The company is enlarging its Mexico facilities as it closes nine bakery lines in the Windy City, some of which have been operating for 60 years. The company has been cutting costs since its 2012 separation from Kraft Foods’ grocery business. The goal is to reduce costs by at least $1.5 billion by the end of 2018.
- Clueless in Davos
Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world’s political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the attendees, if any, had any advance warning that 2016 would dawn with a global financial meltdown. The Dow Jones Industrials posted the worst 10 day start to a calendar year ever, and as of the market close of January 25, the Index is down almost 9% year-to-date, putting it squarely on track for the worst January ever. But now that the trouble that few of the international power posse had foreseen has descended, the ideas on how to deal with the crisis were harder to find in Davos than an $8.99 all-you-can-eat lunch buffet, with a free cocktail.
- Dixons Carphone to shutter 134 outlets, insists jobs are safe
The high-streets of the UK are becoming more bereft of electronics retailers day by day it seems and now Dixons Carphone is set to make that decline even more apparent, by closing as many as 134 of its outlets around the country. The plan is to begin merging the company’s various shops together in order to create more versatile and product diverse stores, selling everything from PCs to phones in one place.
- Zombie ships send maritime freight into worst crisis in living memory
The shipping industry is facing its worst crisis in living memory as years of rapid expansion fuelled by cheap debt have coincided with an economic slowdown in China. “We are now at the stage where people are struggling to remember an era when it was this difficult, we’ve gone through what it was like in the 90s, the 80s and the 70s, so expressions like ‘living memory’ start to apply,” said Jeremy Penn, the chief executive of the Baltic Exchange in London. The Baltic Exchange has set shipping rates for more than two-and-a-half centuries and the situation its members now face is grim. “Ship owners are facing the tough decision of whether to just drop anchor and hope it gets better,” added Mr Penn.
- US Services Economy Catches Down To Manufacturing – Slumps To Weakest In 13 Months
Following December's disappointing drop in Services PMI data, January's initial print of 53.7 (missing expectations of 54.0) is the weakest since December 2014. It appears the “manufacturing recession doesn't matter” meme was wrong after all. As Markit notes, the survey data paint an inauspicious start to the year for the US economy.
- Central Bankers Driving Us Toward Uncertain but Gloomy Future
In a recent interview published at the Daily Bell, Anthony Wile engaged in a wide-ranging discussion with economist and investment expert Marc Faber. Wile and Faber hit on a wide range of subjects from oil markets, to agricultural lands, to the future price of gold. Faber said we shouldn’t follow the media lead and blame China for all of the current problems, echoing what Peter Schiff has said. Ultimately it all comes down to central bank and government actions – policies Faber views as unsustainable.
- Why Dip Buyers Will Get Clobbered: The US Economy Isn’t Doing “Just Fine”
Wall Street never predicts a recession. And that’s basically why the stock market goes up for 5-7 years on a slow escalator, and then plunges down an elevator shaft during several quarters of violent after-the-fact retraction when an economic and profits downturn has already arrived. Needless to say, there are plenty of economic booby traps hiding in plain sight this time, too. Yet the sell side was out over the weekend with noisy chatter about stocks now being on sale at a discount, and that selective buying of the dip is once again in order.
- The Coming Revaluation of Gold
The current melt-down of the world's debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend. (EDITOR: Important article from billionaire Hugo Salinas Price.)
- Shell and BG Group’s Merger Will Result In 10K Jobs Cut
Last week, Royal Dutch Shell PLC and BG Group PLC announced plans to cut staff and direct contractor positions across both companies and reduce spending by the end of the year as the companies look to streamline operations. Ben van Beurden, CEO of Royal Dutch Shell, said his company expects to close on the $70 billion merger with BG Group in a few weeks. The deal will result in about 10,000 jobs cuts across the board.
- Market Tanking after Fed Pricked Their Own Bubble
The downturn in the US stock market is a problem made in America by the Federal Reserve, argued Peter Schiff on the Daily Ledger. The only question now is when will the Fed restart quantitative easing to ensure the Democrats and Hillary Clinton don’t face the same problem Republicans encountered at the end of Bush’s presidency – a lost election thanks to a crumbling economy. Peter thinks they might wait until the US is “officially” in a recession, which could be as long as 7 months from now.
- Texas Economy Collapses – Dallas Fed Survey Crashes To 6-Year Lows As “D” Word Is Uttered
For the 13th month in a row, The Dallas Fed Manufacturing Outlook was contractionary with a stunning -34.6 print following December's already disastrous collapse back to -20.1, post-crisis lows. With “hope” having plunged back into negative territory (-2.2) in December, January saw a complete collapse to -24.0 as one respondent exclaimed, “we expect the continued depression in the oil and gas industry to negatively impact our customer base and result in significant demand reduction.”
- Mainstream Proclaims Gold Is Back in Vogue
n his most recent gold videocast, Peter Schiff said he thinks the recent Fed rate hike was the end, not the beginning of the tightening cycle. The next move will be a drop back to zero and another round of quantitative easing. When that happens, investors who have been selling gold believing the economy is on the rebound will have to reverse their bets and begin buying as gold rallies.
- Recession Warnings May Not Come to Pass
Every U.S. recession since World War II has been foretold by sharp declines in industrial production, corporate profits and the stock market. Those ill omens have aligned again. Does this portend an economy tilting into recession? Or can the declines in profits and production be explained by the collapse in oil prices, and the plunge in stocks be explained by investors’ overreacting to those dynamics? (EDITOR: Oil is the currency of the world, just think about that for a moment…)
- Schlumberger cuts 10,000 jobs amid oil price rout
Schlumberger's customers are abruptly cancelling projects, the world's largest oilfield services company warned on Thursday as its full-year results revealed further pain from an 18-month rout in crude that has found new momentum this year. The US-listed company's description of “unscheduled and abrupt activity cancellations” came as it disclosed a $1bn loss for the final quarter of 2015 and plans to cut 10,000 jobs from its current 95,000 staff. The latest wave of cuts means Schlumberger has axed 34,000 employees, or 26 per cent of its original workforce, since November 2014.
- China economic crisis: Baltic Dry Index hits record low amid fears over global trade slowdown
Concerns over a global economic slowdown were fuelled after a leading economic indicator measuring future economic activity tumbled to an all-time low on 22 January 2016. The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes measured on a timecharter basis, fell to a historic low of 354. (EDITOR: It's now at 325, it was at 1,222 1 year ago!)
- International Shipping Shut Down; Baltic Dry Index Freefalling
International cargo vessels today are all docked and anchored in most seaports all over the world, and the last trips they may have had were for the December holidays shopping spree. As of yesterday, the most prominent global indicator for international shipment of physical goods, the London-based Baltic Dry Index, is in free fall.
- Where is the savings from cheap gas prices? One answer: ObamaCare
Where is all this extra cash Americans are supposed to be swimming in thanks to a low average gas price of $1.85 per gallon? The country’s largest motoring group, AAA, which tracks gas prices and driving habits, estimates that Americans saved $115 billion last year on gasoline. If you listen to the monetary brain trust in Washington, with oil down to this level, it’s the equivalent of a gas tax cut, which should be moving the economy along.
- Boeing shares drop, investors brace for slow deliveries, profit hit
Boeing Co braced investors on Wednesday for a rough 2016, forecasting lower-than-expected earnings and fewer plane deliveries largely because of production changes needed to boost output later in the decade, news that sent its stock down sharply. The world's largest plane maker said it still sees a strong market for new aircraft despite slowing global growth and low oil prices.
- COMEX Registered Gold Inventories Plummet 73% In One Day
Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of Registered Gold remaining in the Comex inventories. This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. (EDITOR: As I warned you in my article ‘Precious Metals Are The Only Lifeboat!‘ if the collapse continues there will not be enough physical gold available to satisfy demand! Your retirement accounts are being looted by these daily financial crashes. The only lifeboat is gold. If you had bought gold in 1995 you would have had a 9% return year on year. Get some advice from the experts by calling GoldCo toll-free on 1-877-414-1385, they are experts in converting paper assets including IRA & 401k into physical gold and silver!)
- JPMorgan CEO gets 35% pay raise to $27M amid cutbacks
Even as Wall Street braces for more cuts to jobs and bonuses, JPMorgan Chase CEO Jamie Dimon was paid $27 million in 2015, up from $20 million the year before, the company said Thursday. The pay raise comes after JPMorgan announced record annual profits last week, thanks to cost-cutting that helped to offset stagnating revenue growth. JPMorgan's board paid Dimon a $1.5 million salary, a $5 million cash bonus and $20.5 million in performance-based stock grants, the company said in a regulatory filing. Last year, Dimon was paid a $7.4 million cash bonus and $11.1 million in stock awards. His $1.5 million salary has remained unchanged.
- Deutsche Bank are near collapse; they have announced a €6.7 Billion Euro LOSS
At the height of the financial crisis of 2008, Deutsch Bank lost €3.9 Billion; today the bank announced almost DOUBLE that loss, out €6.7 Billion last year! Is collapse coming? The first annual balance sheet of the new German bank boss John Cryan falls into deep red. Simmering disputes and large-scale corporate restructuring has caused Deutsch bank to suffer the biggest loss in its history. Fears are now mounting the largest bank in Germany may FAIL!
- Robert Kennedy Jr. warns of vaccine-linked ‘holocaust’
With lawmakers preparing to vote on a bill blocking parents from skipping vaccinations for their children, prominent vaccine skeptic Robert F. Kennedy Jr. arrived at the Sacramento screening of a film linking autism to the vaccine preservative thimerosal and warned that public health officials cannot be trusted. “They can put anything they want in that vaccine and they have no accountability for it,” said Kennedy, who walked onto and left a Crest Theater stage to standing ovations, of the federal Centers for Disease Control and Prevention.
- Celente – $15 Trillion Wiped Out In Global Rout But Here’s The Elites’ Secret Plan To Really Screw The Public
Gerald Celente: “It already is. It’s bringing countries like Venezuela, Brazil, Congo and South Africa to their knees (a staggering $15 trillion has been wiped out in the global equity collapse so far). There is one currency after another collapsing. The declining currencies are reflecting their declining economies. Nearly a trillion dollars has flooded out of the emerging markets. This was hot money that once flooded in from quantitative easing that pumped up these economies and it is now fading fast.”
- Britain is now £1,542,000,000,000 in debt as George Osborne blows his OWN targets
GEORGE Osborne has failed to meet his own target for borrowing after it was revealed Britain’s debt has leapt £53BILLION over the current financial year to reach a staggering £1.542TRILLION. Public sector borrowing in December was at £7.5bn taking the running year total to £74.2bn. The monster debt is above the £68.9bn target for the entire fiscal year, which ends in April, and was set by the Chancellor in the Autumn Statement. The figures, released by the Office for National Statistics (ONS) revealed today, mean debts keep on climbing, and now stands at 81 per cent of Gross Domestic Product. The central government budget deficit – when the Government spends more than it receives – was £5bn in December 2015. Borrowing had dropped by £4.3billion compared with December the year before, but critics point out that this is simply thanks to one off factors.
- Draghi hints at more stimulus in March
Mario Draghi signalled that the European Central Bank is prepared to launch a fresh round of monetary stimulus as soon as March, bolstering a recovery on US and European equities in the wake of heavy losses this year. The ECB president said it would “review and possibly reconsider” its monetary policy stance at its next meeting in six weeks — little more than a month after the ECB last unleashed a round of stimulus.
- American Express tanks 12% after earnings miss
American Express shares fell 12% in trading on Friday, following earnings results that showed the company is still struggling. The company reported a 38% decline in fourth-quarter earnings Thursday. It reported earnings per share of $0.89 ($1.13 expected) on sales of $8.4 billion (in line with estimates). American Express also announced plans to reduce costs by $1 billion by the end of 2017, although analysts were at odds about how much of a difference this could make.
- “SHEER PANIC!” Bank Runs have begun in Italy!
A “run” has begun on Italian Banks, with Depositors taking out money in a PANIC, fearing they will lose everything if they leave their money deposited. Banca Monte dei Paschi di Siena SpA’s shares shed one fifth of their value after plunging for a third consecutive day Wednesday, as the bank scrambled to reassure investors its finances are solid. The bank said that it had suffered outflow of deposits as a result of market jitters and that its accounts had improved in the last quarter. The bank’s Chief Executive Fabrizio Viola said in a statement that deposit outflows were limited and lower than those that had taken place in 2013.
- Store Closings 2016 Roundup: Macy's, Gap, Walgreens, Office Depot etc.
What follows is a complete roundup of U.S. retail chain store closing plans, and total numbers of store closings that retail chains have announced will take place in the U.S. and globally in 2016 and beyond.
ELITE PLANS FOR 2016 – Take Immediate Action! – A New DVD From Pastor Lindsey Williams. Who will be the next president of the U.S.? Why no financial collapse in 2015? Hear from someone in contact with the Elite. Political Correctness. Five firearms every American should own. Is war inevitable? ORDER NOW online for shipment now. Or call Prophecy Club Toll-Free 1-888-799-6111.
This is part 4 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Pastor Lindsey Williams Hi, this is Lindsey Williams, […]
This is part 3 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Lindsey Williams: Standby for COVID and Inflammation. I […]
This is part 2 of a series of 12 informative videos on how to cope with all the damage COVID brings. Where Pastor Lindsey Williams interviews Rodrigo Rodriguez MD, founder of BioCare Hospital and Wellness Center. Call BioCare Now: 1-800-262-0212 Website: International BioCare Hospital and Wellness Center Pastor Lindsey Williams couldn't get over Covid. He […]