In this episode of the X22 Report: Retail is imploding at a faster rate, the economy is breaking down quicker than the central bank thought it would. The Subprime bubble in auto loans will be the needle that pops the bubble and will lead to a crash in other sectors. Connecticut state capital prepares for bankruptcy. Trump continually repeats that NAFTA is going to be a massive re-negotiation or it will be terminated. Goldman continually warns of a major market correction. Bill Blain says something is happening in Europe and it doesn’t look good. The Fed just got a signal that it is ready to raise rates again, inflation is moving above their 2 percent forecast.

Corporate media is still reeling from the firing of the FBI director. They are so busy trying to figure out what’s going on they are not reporting on anything else. The acting FBI director is currently under investigation himself. Trump launches voter fraud panel. Trump meets with Lavrov and Kislyak and then brings in Kissinger. Trump is going to meet with Erdogan. Trump invites South Korean president to the White House. CIA sets up base outside North Korea. Merkel says they are staying out of Afghanistan. Moderate rebels capture the Tabqa dam in Syria. Intelligence agencies buildup forces in a base in Jordan near the border of Syria.

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