In this episode of the X22 Report: Spain’s banking system continues to decline, the banking regulators are putting a freeze on short positions on banking stocks. Moody’s reports more retailers will be filing for bankruptcy, this is the retail apocalypse. Chain restaurants have been hit hard, people just don’t have the discretionary funds to go out to eat. The tech sector took a beating which is not a very good sign on how the market it doing. Federal and state tax receipts implode and we are reaching the crisis point back in 2008-2009. The government is now spending more than it is taking in.

The global credit impulse is negative and slipped even further, the credit growth in the US is locking up, as the Fed raises rates into a weakened economy it will set off a chain reaction scenario where the entire economy will implode on itself. Trump heads to the Supreme Court with his travel ban the 9th Circuit Court shoots it down once again. Comey has protected Hillary Clinton and during her brief investigation he did not record or take notes, but during Trump’s dinner with Comey he thought Trump would lie and took notes. Where are the notes? Comey told his story and now it’s AG Sessions turn. Gallup says people do not trust the government, they think most in government are corrupt. Philippine troops raise the countries flag to give the troops support as they battle the IS. Qatar is now accepting ships from Oman. Iran and Russia are now speaking out, reporting that the US (deep state) has been supporting the IS. The deep state is now being trapped by Trump and team, they are being exposed. The next event might be a grid down scenario orchestrated by the deep state.

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