In this episode of the X22 Report: Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one off order. SocGen says interest rate to slow to contain the asset bubbles. Citi explains why the credit impulse going negative is very dangerous for the world economy. The last two times this happened the US entered a recession and it is happening now.

The US is in a recession the Fed, corporate media and US Government just don’t want to admit it. The unmasking records have been moved to Obama’s library, hidden from the public. The public has been brainwashed into thinking the government can protect them from terrorist attacks even though the attacks are from the government. McCain does not like the person Trump chose because he does not support lethal weapons into Ukraine. The US flew and turned into a Russia Su-27 and the US is using this to show how aggressive Russia is. The US shot down a Syrian drone. The US deep state is now setting up and getting ready to split up Syria, bases have been established the deep state is protecting their territory. The push to split Syria could spark a world wide disaster.

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