In this episode of the X22 Report: The UMich and the Conference Board consumer confidence models surged reporting that the illusion is complete and people believe the economy is improving. Case Shiller reports that housing prices have hit all time highs. ECB lowers Deutsche Banks capital requirements to that Deutsche Bank executives can receive bonuses. Monti de Paschi is experiencing a bank run of sorts as the bank is experiencing a rapid liquidity deterioration. The US is selling off some of it’s oil reserves under the pretense the funds will be used to refurbish the system.

Europe is taking the next step, they are making the case why they need to confiscation gold, bitcoin and prepaid cards to crack down on terrorism funding. US Government can now legally access your Facebook data. Putin turns on the gas to Crimea. Iran plans to build an aircraft carrier. US preparing a major offensive in Mosul to protect the terrorist groups. Turkey continues to push in the Northern part of Syria. Erdogan is now pointing the finger at the US and the coalition forces, that they have been supporting the IS, the blame game begins.Black box has been found the Tu-154 jet that went down in the Black Sea. Europol reports that the IS is now radicalizing refugees to carrier out terrorist attacks in Europe.

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