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Thursday, October 9, 2014

Serious Financial Trouble Is Erupting In Germany And Japan


There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in "correction" territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet?

This week, the worst German industrial production figure since 2009 rattled global financial markets. Germany is supposed to be the economic "rock" of Europe, but at this point that "rock" is starting to show cracks.

And certainly the civil war in Ukraine and the growing Ebola crisis are not helping things either. German investors are becoming increasingly jittery, and as I mentioned above the German stock market has already declined 10 percent since July...


German stocks, weighed down by the economic fallout spawned by the Ukraine-Russia crisis and the eurzone’s weak economy, are now down more than 10% from their July peak and officially in correction territory.

The DAX, Germany’s benchmark stock index, has succumbed to recent data points that show the German economy has ground to a halt, hurt in large part by the economic sanctions levied at its major trading partner, Russia, by the U.S. and European Union as a way to get Moscow to butt out of Ukraine’s affairs. The economic slowdown in the rest of the debt-hobbled eurozone has also hurt the German economy, considered the economic locomotive of Europe.

In trading today, the DAX fell as low as 8960.43, which put it down 10.7% from its July 3 closing high of 10,029.43 and off nearly 11% from its June 20 intraday peak of 10,050.98.

And when you look at some of the biggest corporate names in Germany, things look even more dramatic.

Just check out some of these numbers...


The hardest hit sectors have been retailers, industrials and leisure stocks with sports clothing giant Adidas down 37.7pc for the year, airline Lufthansa down27pc, car group Volkswagen sliding 23.6pc and Deutchse Bank falling 20.2pc so far this year.

Meanwhile, things in Japan appear to be going from bad to worse.

The government of Japan is more than a quadrillion yen in debt, and it has been furiously printing money and debasing the yen in a desperate attempt to get the Japanese economy going again.

Unfortunately for them, it is simply not working. The revised economic numbers for the second quarter were absolutely disastrous. The following comes from a Japanese news source...


On an annualized basis, the GDP contraction was 7.1 percent, compared with 6.8 percent in the preliminary estimate. That makes it the worst performance since early 2009, at the height of the global financial crisis.

The blow from the first stage of the sales tax hike in April extended into this quarter, with retail sales and household spending falling in July. The administration signaled last week that it is prepared to boost stimulus to help weather a second stage of the levy scheduled for October 2015.

Corporate capital investment dropped 5.1 percent from the previous quarter, more than double the initial estimate of 2.5 percent.

Private consumption was meanwhile revised to a 5.1 percent drop from the initial reading of 5 percent, meaning it sank 19 percent on an annualized basis from the previous quarter, rather than the initial estimate of 18.7 percent, Monday’s report said.

For the moment, things are looking pretty good in the United States.

But as I have written about so many times, our financial markets are perfectly primed for a fall.

Other experts see things the same way. Just consider what John Hussman wrote recently...


As I did in 2000 and 2007, I feel obligated to state an expectation that only seems like a bizarre assertion because the financial memory is just as short as the popular understanding of valuation is superficial: I view the stock market as likely to lose more than half of its value from its recent high to its ultimate low in this market cycle.



At present, however, market conditions couple valuations that are more than double pre-bubble norms (on historically reliable measures) with clear deterioration in market internals and our measures of trend uniformity. None of these factors provide support for the market here. In my view, speculators are dancing without a floor.

And it isn't just stocks that could potentially be on the verge of a massive decline. The bond market is also experiencing an unprecedented bubble right now. And when that bubble bursts, the carnage will be unbelievable. This has become so obvious that even CNBC is talking about it...


Picture this: The bond market gets spooked by a sudden interest rate scare, sending a throng of buyers streaming toward the exits, only to find a dearth of buyers on the other side.

As a result, liquidity evaporates, yields soar, and the U.S. finds itself smack in the middle of another debt crisis no one saw coming.

It's a scenario that TABB Group fixed income head Anthony J. Perrotta believes is not all that far-fetched, considering the market had what could be considered a sneak preview in May 2013. That was the "taper tantrum," which saw yields spike and stocks sell off after then-Federal Reserve Chairman Ben Bernanke made remarks that the market construed as indicating rates would rise sooner than expected.

If the strength of our financial markets reflected overall strength in the U.S. economy there would not be nearly as much cause for concern.

But at this point our financial markets have become completely and totally divorced from economic reality.

The truth is that our economic fundamentals continue to decay. In fact, the IMF says that China now has the largest economy on the planeton a purchasing power basis. The era of American economic dominance is ending. It is just that the financial markets have not gotten the memo yet.

Hopefully we still have at least a few more months before stock markets all over the world start crashing. But remember, we are entering the seventh year of the seven year cycle of economic crashes that so many people are talking about these days. And we are definitely primed for a global financial collapse.

Sadly, most people did not see the crash of 2008 coming, and most people will not see the next one coming either.




Credit to Economic Collapse

Ebola Pandemic Hits Germany, Turkey, And Australia

Despite the still confident exclamations from officials that the Ebola pandemic is 'contained', more and more nations are admitting to Ebola-symptomatic cases or bringing infected patients back from Africa for treatment. Australia has its first potential case of the deadly disease, asBloomberg reports a nurse who returned from volunteering in Africa has developed Ebola-like symptoms. Despite claims that Nigeria's outbreak is over, a Turkish workerthere has been hospitalized in Istanbul after signs of high fever and diarrhea. Health officials from Germany confirm a 3rd Ebola patient has arrived in the country - having contracted the disease in Liberia. And finally, just as in the sad case of Thomas Duncan in Dallas, The Guardian reports the infected Spanish nurse went untreated and unquarantined for a week despite reporting symptoms at least three times to hospital officials. It seems the world is ill-prepared for this...
Bloomberg reports, a nurse who treated Ebola patients with the Red Cross in Sierra Leone was hospitalized in Australia after developing a low-grade fever, health officials said. She is being tested for the deadly virus.
The 57-year-old volunteer recently returned to Cairns, in the northeastern state of Queensland, where she has been isolating herself and checking her temperature twice daily, Jeannette Young, the state’s chief health officer, said in an e-mailed statement. Today, she reported a temperature of 37.6 degrees Celsius (99.7 degrees Fahrenheit). Results of tests for Ebola and other possible infections are expected early tomorrow.

The nurse hospitalized in Cairns was identified as Sue-Ellen Kovack by the Australian newspaper. Kovack returned home two days ago, the newspaper reported.
A Turkish worker employed in Nigeria was rushed to an Istanbul hospital Oct. 8 on suspicion of Ebola,according to Hurriyet Daily, after showing signs of a high fever and diarrhea.
The 46-year-old man, whose identity has not been disclosed, returned to Turkey 10 days ago from Africa to see his family in the western province of Sakarya during the Feast of the Sacrifice holiday.

The incident is the second case of a suspected Ebola patient in Turkey, after a Nigerian woman who transited through Istanbul’s Atatürk Airport while traveling from Lagos to Barcelona was rushed to hospital in mid-August.
Health officials from the German state of Saxony confirmed on Thursday that an Ebola patient had arrived in the countryaccording to DW,
The man, who originates from Sudan,contracted the virus in Liberia, they said, adding that he had been transported from the airport to the St. Georg Clinic in the city of Leipzig, which is located roughly 200 kilometers (125 miles) southeast of Berlin.

St. Georg's Clinic is one of seven health facilities in Germany with the capability to treating highly infectious patients in isolation.

Two other Ebola patients have also been flown to the Central European country in recent weeks. A World Health Organization (WHO) employee had fallen ill with the hemorrhagic fever in Sierre Leone was brought to Hamburg, where doctors were able to stabilize him and eventually release him last week.
And finally, with regard the infected Spanish nurse in Madrid (as The Guardian explains), had told health authorities at least three times that she had a fever before she was placed in quarantine.
Her first contact with health authorities was on 30 September when she complained of a slight fever and fatigue. Romero Ramos called a specialised service dedicated to occupational risk at the Carlos III hospital where she worked and had treated an Ebola patient, said Antonio Alemany from the regional government of Madrid. But as the nurse’s fever had not reached 38.6C, she was advised to visit her local clinic where she was reportedly prescribed paracetamol.

Days later, according to El País newspaper, Romero Ramos called the hospital again to complain about her fever. No action was taken.

On Monday, she called the Carlos III hospital again, this time saying she felt terrible. Rather than transport her to the hospital that had treated the two missionaries who had been repatriated with Ebola, Romero Ramos was instructed to call emergency services and head to the hospital closest to her home. She was transported to the Alcorcón hospital by paramedics who were not wearing protective gear, El País reported.

On arrival at the hospital, Romero Ramos warned staff that she feared she had contracted Ebola. Despite the warning, she remained in a bed in the emergency room while she waited for her test results. She was separated from other patients only by curtains, hospital staff said on Tuesday.
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As of yesterday...
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But apart from that... "contained"
Credit to Zero Hedge

IMF Prediction: China to surpass US as world’s largest economy

Ebola Is the Most Dangerous False Flag Event In History

The Washington Post reported that a major Liberian newspaper, the Daily Observer, has published an article by a Liberian-born faculty member of a U.S. university who is strongly implying the epidemic is the result of bioterrorism experiments conducted by the United States Department of Defense, The professor, from Delaware State University, Cyril Broderick, is the professor making these claims. This and other similar claims begs the question, “Is Ebola a manufactured crisis that is being allowed to purposefully spread to countries in the West, including the United States?

The Odds of Ebola Spreading to the West

A series of highly sophisticated scientific and statistical analyses are strongly suggestive of the fact that the best chance that the West has to contain the spread of Ebola is to shut down their borders and to ban all direct and indirect flights from West Africa into Western nations.
PLOS analysis of disease spread patterns and airline traffic data suggests that the virus has a 50% chance of reaching Great Britain by October 24. Experts have also predicted there is a 75% chance the virus could reach France by October 24. Belgium has a 40% chance of seeing the disease imported, while Spain and Switzerland have lower risks of 14% each. That is not much comfort for Spain because the Washington Post is reporting the following: “In the first known case of Ebola transmission outside of Africa, a nurse in Spain has contracted the deadly virus after caring for a sick priest who had been flown back from West Africa for treatment, Spanish health minister Ana Mato said at a news conference Monday“. The Spanish case points to the fact that one can establish odds, but when it comes to Ebola, but it only takes one infected person getting through to pose a major health crisis.
Meanwhile, in Spain, the potential carnage does not stop with one nurse. Spanish health authorities have now confirmed that three more medical personnel at the same hospital are being isolated because of Ebola symptoms.

The multiple PLOS analyses also stated that if authorities were to take steps to reduce air travel from West Africa to Britain and France by 80%, France’s risk would be lowered to 25%, while Britain’s risk would be reduced to 15%.  The most effective Ebola countermeasure is to stop Ebola from reaching the United States is to ban flights from the infected areas.
Yet, and inexplicably, The World Health Organization (WHO) has not placed any restrictions on travel and the WHO has actually gone so far as to encourage the various airlines to keep flying to the countries with the biggest Ebola outbreaks. However, this makes a great deal of sense since theWHO blocked Ebola treatments from reaching West Africa.
Even Fox News, in a recent editorial, is enraged by the fact  that Obama has failed to initiate a travel ban on West African flights.

Presidential Inaction

In light of this information, any reasonable person should be compelled to ask these questions, ” Why won’t President Obama take the most basic steps to protect Americans from Ebola by stopping direct and indirect flights from West Africa? And why won’t he also mitigate the bioterrorism threat which could come from our wide open southern border”?
Mike Adams the owner of Natural News has pointed out on The Common Sense Show (October 5, 2014) “Thomas Eric Duncan walked freely through our airports and entered the general population without ever being asked by U.S. security personnel about where he was from or if he had any health conditions”.
Not only is Obama negligent, he is not following federal guidelines and procedures according to several sources. This has led some federal employees to assert that Ebola is a manufactured crisis. According to one insider source that I spoke with yesterday, if the proper procedures were being enforced, we would see the following response from government in response the Ebola case in Dallas:
  1. The National Guard would seal off any area connected to an Ebola outbreak.
  2. Health authorities would redirect the population to hospitals, churches and schools.
  3. The redirected population would be screened for possible infection or contamination.
  4. If an individual(s) tested positive, they would be evacuated to a quarantine camp or military based and treated and kept until they were cured or they died.
  5. All uninfected individuals in said area would be forcibly vaccinated.
  6. There would be no travel allowed, in or out, of the area connected to the outbreak.
  7. The geographic source area of the outbreak, if foreign, would be banned from travelers coming into the U.S., or travelers leaving!
  8. All public events (school attendance, attending football games, rock concerts etc.) in the impacted area would be indefinitely suspended until the health crisis had passed.

Did anything close to the these procedures happen in Dallas? It is very difficult to conclude that Ebola is not a false-flag type of manufactured crisis. This belief is bolstered by the following revelation by a CIA insider.

                  Flashback: Ebola False Flag Predicted By CIA Insider


Airing on September 18th 2014 Alex Jones spoke with former CIA operative Robert David Steele who predicts an Ebola related false flag. Steele stated that a simulated attack on America, using Ebola, will be initiated.


Instead of the employment of known and effective containment procedures and moving to mitigate the bioterrorism threat coming through our southern border, the Obama administration, instead, gives us this meaningless rhetoric  from federal health officials. The professionalism of these empty reassurances sounded more like a pep rally than a medical news conference designed to outline clear and concise medical plan of action.


Obama’s Leadership: Ineptitude or Treason?

I have come to an undeniable conclusion, that in the fact of this coming pandemic, I cannot trust my government to make wise and prudent decisions on my behalf.  I am on my own when it comes to the present crisis. I can trust nothing that this government says. We are all on our own.













Credit to Common Sense

'US more interested in toppling Assad rather than ISIS'

There's No Way To Stop This!