From James Harkin (Webmaster & Editor of LindseyWilliams.net). There was a great number of comments encouraging news stories to be shared at LindseyWilliams.net, therefore every week I will add a new post with the latest news stories that you need to review. Also, if you have any important news stories please send them to me (James) and I will include them.
Someone also asked for an archive of Past Newsletters. I have gone through all of the newsletters Pastor Williams has asked me to send and compiled a list that is available on the Past Newsletters page.
Latest News From January 15, 2016 to January 21, 2016:
- Walmart to close 269 stores, 154 of them in the US
Walmart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue. The closures will affect 16,000 workers, 10,000 of them in the U.S. The announcement comes three months after its CEO Doug McMillon told investors the world’s largest retailer would review its store fleet in amid increasing competition from all fronts, including from online rival Amazon.com.
- Now Tony Blair calls for EU ARMY
The former Prime Minister railed against those who view the ongoing eurozone crisis and current refugee crisis across Europe as the beginning of the end for the continent’s political union. Writing in Newsweek, the ex-Labour premier insisted “European unity has never been more important” with the EU “never more needed and never more in the interests of the countries that make up” the 28-member bloc.
- Dow Plunges More Than 500! Global Stock Market Rout Continues As Panic Begins To Engulf The World
With the Dow tumbling more than 500 points, the global stock market rout continues as panic begins to engulf the world. And there goes the Gold/Oil ratio as it hits another 70-year high! The Gold/Oil ratio had already taken out the high from July of 1973 (33.69), and today it is now trading at 36. Again, people will see gold float across the ticker at roughly $1,100 and think it’s weak but it’s actually trading quite strong vs key commodities such as oil.
- Recession Imminent As Business Inventories-To-Sales At Cycle Highs
Just as Wholesale inventories-to-sales ratios flash recessionary signals so Business inventrories-to-sales point to US heading towards an inventory-dump recession. At 1.38x, the ratio is the highest since the last crisis as both sales and inventories fell Mom but year-over-year, sales tumble (-1.4% YoY) and inventories rise (1.6% YoY).
- Empire Fed Crashes At Fastest Pace “Since Lehman”
Against hope-strewnm expectations of a bounce from -4.6 to -4, Empire Fed printed a disastrous -19.37 – the largest miss on record. New orders collapsed, shipments plunged, and employees and workweek continue to contract. Forward-looking employment expectations also plunged. The last time Empire Fed crashed to these levels was the immediate aftermath of the Lehman bankuptcy and the global financial crisis and the peak of the recession in 2001… but we are sure this is just transitory.
- Prepare for the Post Pax-Americana era, says Citi
Citi’s view is pretty stark. The international system could be facing a crisis of cohesion due to the lack of a compelling replacement. The US is still powerful by many means, of course. But the American value system, the thing which helps transform such power into economic prosperity, is reaching the limits of its influence. Cultures further afield simply are not prepared to assimilate themselves in the same way. And, at the same time, we haven’t found a wealth creating system as good as the American one. At least not yet. (Also available HERE)
- ‘Currency instability’ now a serious concern for Canada
Canada’s economy is being threatened by “currency instability” as the loonie’s rapid decline against the U.S. dollar is hurting business and consumer confidence, economists warn.
- Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall
So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. This is the lowest level for oil since 2003.
- Global stock markets fall amid oil rout
Wall Street shares eased back from earlier losses on a day of turmoil on global markets when the plunging oil price again panicked investors. The Dow Jones and S&P 500 indexes closed 1.56% and 1.2% down, after tumbling more than 3% earlier. The main European stock exchanges also slid to a 15-month low. Analysts say investors fear low oil prices reflect a fall in demand for fuel which could be a sign that growth in the global economy is slowing down. The falls in Europe and the US came after Asian stocks closed sharply lower. Markets in Dubai closed at a 28-month low, while in Japan shares fell to their lowest level since October 2014.
- FTSE 100 Dips Below 5,700 In Renewed Slump
The FTSE 100 has fallen sharply after the world oil price slump and fears over China prompted a renewed share sell-off. London's leading share index dipped below the 5,700-mark as it shed 3.5% of its value, or 203 points, in a volatile session which knocked £52bn off the value of constituent companies by the close. The FTSE 100 has had a grim start to 2016, having lost more than 500 points in just the first few weeks of the year. It is a far cry from its all-time high less than a year ago, when it topped 7,100, and the index is now trading at its lowest levels since November 2012.
- World faces wave of epic debt defaults, fears central bank veteran
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. “The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS).
- ALERT: Gerald Celente Warns $6 Trillion Global Stock Market Carnage Just A Prelude To The Disaster That Lies Ahead
“Rarely do I ever put a date on market crashes. I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal. I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000. Eric, I’m now predicting that we are going to see a global stock market crash before the end of the year. It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei. There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil. You are going to see one market after another begin to collapse.”
- Is $2.2 Trillion in Losses in U.S. Stocks in 2016 the End?
Investors may have felt better after Wednesday's selling panic was met with a buying frenzy, but there are still many tales of caution that long-term investors and short-term traders alike need to consider. As long as China and oil have the stock and bond market by the neck, things can be expected to remain more than just volatile. If this is the start of a bear market, let alone a recession, then things in the stock market could get a lot worse before they get better.
- Fears grow of repeat of 2008 financial crash as investors run for cover
Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors. Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that China’s slowdown could derail the global recovery at a time when central banks, which came to the rescue in the credit crunch, have only limited firepower. As world and business leaders gathered for the annual World Economic Forum in Davos, Switzerland, the FTSE 100 was gripped by panic selling, especially of mining and oil companies that have been hit hard by the global slowdown in manufacturing and trade. Earlier this week, China recorded the slowest rate of economic growth for 25 years.
- Market turmoil: Where is it all heading?
Crashing oil prices. Plunging markets. The comparisons to 2008 — the prelude to global depression — are piling up. In the West, the turmoil is largely being experienced as fear. But in emerging markets such as Russia, China and Brazil, economies are being hit as currencies tumble in value. So are we heading for another crash and what does the future hold for the world economy?
- Fresh Market Turmoil As Asia Heads Lower
Markets in Asia have turned lower in another volatile session a day after steep share price falls across the globe. Stocks surrendered early gains with the Nikkei in Japan closing 2.4% down to extend a decline from the previous day while China's CSI 300 Index fell 2.9%. Earlier, Wall Street had closed in the red too though recovering from mid-session lows. The S&P 500 was off 1.2% having been down as much as 4% during the day. It followed steep declines in Europe which saw the FTSE 100 drop into “bear market” territory – meaning it was more than a fifth off its peak level less than a year ago.
- ALERT: Wednesday’s Global Selloff Triggers Shocking Panic Readings Similar To 1987 Stock Market Crash!
Jason Goepfert at SentimenTrader: Selling has become indiscriminate. Among securities traded on the NYSE, more than 40% traded down to a fresh 52-week low on Wednesday, among the highest readings in history. On an intraday basis, the selling volume was more lopsided on a 1- and 10-day basis than any other day in 65 years other than two other dates, though that eased greatly by the time markets closed.
- The Global Economy's Shifting Center of Gravity in 11 Charts
These charts tell the story of global growth through data. They are colored by continent (North/Central America, South America, Europe, Africa, Asia, Australia, Other) and sortable across multiple variables, starting with longitude. Any story about global growth starts with Asia. China, India and other emerging markets are known as fast-growing, but in terms of pure population, they are barely keeping pace.
Precious Metals Are The Only Lifeboat! Only last month I WARNED you what was happening in the gold market and why you needed to convert your paper assets to physical gold and silver by the middle of September 2015. Now, we are currently in global financial meltdown, with no end in sight. You have no more time. You need to hedge against the financial instability with physical gold and silver. Call the experts to help you convert your IRA or 401k into Gold, Silver and Other Precious Metals. Call GoldCo NOW before it's too late! Call Toll-Free 1-877-414-1385.
From James Harkin (Webmaster & Editor of LindseyWilliams.net) Because there is so much news and information coming out of the mainstream media now and it takes me several weeks to write and compile a comprehensive newsletter, as I did in December 2015. I have decided to regularly update you with important news stories every few days. If you would like me to continue post news stories regularly here, please let me know in the comments section of this article. Also, if you have any important news stories please send them to me (James) and I will include them.
- Bullard: Recent ‘very substantial’ oil moves have implications for Fed action
The latest plunge in crude prices has implications for monetary policy in the United States, a top Federal Reserve official said Thursday. St. Louis Fed President James Bullard — a voting member of the central bank's policymaking committee — said in a speech the recent movement in oil prices has been “very substantial.”
- Europe on the brink of financial MELTDOWN as Germany faces economic ruin
THE European financial powerhouse could be facing a huge financial crisis which would have devastating implications for Britain as a lethal storm of economic problems brews in Germany.
- Late selloff puts stock indexes in correction
Intense selling returned to Wall Street in afternoon trading Wednesday, pushing the Dow down 365 points and slicing 3.4% off of the tech-packed Nasdaq, dashing hopes for a third straight day of gains on Wall Street and extending the financial pain in what has been a horrific start to the year on Wall Street.
- ALERT: Major Signal Preceding Global Stock Market Crashes In 1929, 2000 & 2008 Was Just Triggered!
Stocks have now suffered two 10% corrections in a short span. This is difficult to quantify, but according to our tests, this has only happened on three other unique dates, in 1929, 2000 and 2008. All of those preceded major bear markets.
- Chinese Bank Acquires Huge London Vault
China’s largest bank is buying the lease on a huge gold vault in London, another sign of gold’s continuing shift from West to East.
- RBS cries ‘sell everything' as deflationary crisis nears
RBS has advised clients to brace for a “cataclysmic year” and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
- Legend Art Cashin Warns Panic In This Major Market Will Shock The World
As we talk shortly here in the afternoon, we are just above $30. If the price of oil breaks $30 it could lead to a little bit of cascade selling and that would be a real problem. There are certain derivatives that are triggered when oil breaks certain price levels. It actually brings on more selling in oil as entities are forced to liquidate certain positions.
- The China Syndrome: The Coming Global Financial Meltdown
This decline is inevitable in fast-expanding economies that play fast and loose with credit/debt and leverage. All the phantom wealth piled up in China's boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets.
- Only Major Middle East Conflicts Have Potential to Reverse Oil Price Slide
Only large-scale Middle Eastern conflicts are able to stop the global oil prices' downward slide, experts told Sputnik Tuesday.
- Bank of America: Rail Traffic Is Saying Something Worrying About the U.S. Economy
It's not the jobs report or the latest housing data but railway cargo that has analysts at Bank of America concerned. Railroad cargo in the U.S. dropped the most in six years in 2015, and things aren't looking good for the new year.
- Historic First: North Atlantic EMPTY of Cargo Ships in-transit – ALL anchored along coasts; none moving
Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving. This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped.
- UK house price to crash as global asset prices unravel
Asset prices around the world are collapsing as the global economy slows and UK housing will not escape. House prices have broken free from reality and defied gravity for far too long, but they are an asset like anything else, and there are six clear reasons a nasty correction looms in the coming year.
- Amid Stock Market Panic, Dozens Of Chinese Billionaires Are Mysteriously Disappearing
Amid stock market panic in China, many of the country’s most prominent billionaires are disappearing without a trace. This week, Zhou Chengjian, the chairman of the clothing company Metersbonwe became the most recent wealthy Chinese businessperson to go missing. Metersbonwe said in a statement on Thursday that it would be suspending its shares on the Shenzhen Stock Exchange and that they were unaware of Chengjian’s whereabouts.
- Passenger with rice-sized chip implant under his skin becomes first in the world to board a plane with the wave of a hand
We could be passing through airport security and boarding planes with just a wave of the hand in the future if an experiment by one Swedish technology expert takes off. Andreas Sjöström implanted a microchip in his hand and uploaded his Scandinavian Airlines flight booking to it to board a plane out of Stockholm Arlanda Airport to Paris. He used the implant to check into an airport lounge and go through the security checks. It is believed to be the first time anyone has boarded a flight this way – with the flick of a wrist.
- New startup aims to transfer people's consciousness into artificial bodies so they can live forever
As advancements in technology continue at an ever-increasing pace, will there ever come a day when we’ll be able to use science to cheat death? Australian startup company Humai seems to think so; it claims to be working on a way to transfer a person’s consciousness into an artificial body after they’ve died.
- Google Chairman Says AI Can Solve Population Reduction Goals
Google’s chairman thinks artificial intelligence will let scientists solve some of the world’s “hard problems,” like population growth, climate change, human development, and education.
- Chinese Company Replaces Humans With Robots, Production Skyrockets, Mistakes Disappear
TechRepublic who tells the story of Changying Precision Technology Company, which has replaced almost all of its human employees with robots.
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