In this episode of the X22 Report: The BIS chief bashes cryptos, wants to know why people are trying to create their own currency. The BIS says cryptos do not meet the requirements for currency. Payroll numbers come in and the unemployment rate moves up to 4%. Labor participation rate is at 1970 levels. More part-time jobs were added as retail stores close down and layoff people. The real estate bubble has popped in Manhattan, prices are coming down and people are having a difficult time selling their place.
Russia places penalties on the US. The yield curve inverts and the Fed decides to get rid of this type of data because it is misleading. The Fed pushes the agenda to remove all information that will show the Fed was responsible for the economy collapsing. New about if the FBI was lying to the American people is allegedly suppose to come out, will this happen? The European nations say that they will most likely come up with the Iranian deal in Nov of this year. People of SK do not want the THAAD system in their country. NK is preparing for the next summit with the US. UN reports are very misleading in Syria, actually, they don’t make sense. Syria has taken 70% of the southern area of Syria. The US, Russia, and Israel are in talks about having the troops leave Syria. The OPCW has reported that no chemical weapons have been used in Duma.
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