Russia Sanctions Hit German Consumers, ‘Economic Expectations Completely Collapse’

It starts out un-alarmingly. The optimism of German consumers weakens somewhat, according to the forward-looking Gfk survey, conducted on a monthly basis for the European Commission. So the overall index fell to 8.6 for September, from 8.9 in August. It was the first decline since January 2013.
The index bottomed in late 2008 below 2, after a breathtaking crash during the financial crisis. In late 2007, it had hovered above 9. Early 2014 was the first time since the prior bubble that the index broke above 8. And August’s level of 8.9 represented an ‘extremely optimistic economic outlook,’ as Gfk calls it. German consumers have been feeling good, and according to the headline index, they’re stillfeeling good up there somewhere in the rarefied air above 8.
But beneath the surface, there is serious trouble. Gfk reports that the sub-index of economic expectations, ‘in light of the intensified state of international affairs, completely collapses.’
It plunged 35.5 points to 10.4. The worst monthly plunge since the beginning of the survey in 1980. In a single month, it nearly wiped out all the gains of the boom of the last 12 months. Gfk cites the escalation of the situation in Iraq, Israel, the Eastern Ukraine, and particularly ‘the faster rotating sanctions spiral with Russia.’

This post was published at Wolf Street on August 27, 2014.

Central Bankers Will Attack ISIS and The Assad Regime – Episode 452

The following video was published by X22Report on Aug 27, 2014
France’s President replaces the economy minister with a central banker. France is collapsing, unemployment hits an all time high. China and Russia start using rubles and yuan for oil trade bypassing the dollar. NATO planning for more bases, military assets in Eastern Europe. US preparing to bomb the Islamic State which is a cover to bomb Syria and to remove Assad. The UN came out with a report which implicates the Islamic State and Assad in war crimes. The report also mentions the false flag chlorine chemical attacks which occurred in April. Russia is now being targeted as carrying out cyber attacks on the financial system. Be prepared the false flag event is coming.

Ukraine Accuses Russia Of Imminent Gas Cut-Off, Russia Denies, Germans Anxious

So much for the Russia-Ukraine talks bringing the two sides together as even Germany’s Steinmeier could only say it’s “hard to say if breakthrough made.” Shortly after talks ended, Ukrainian Premier Yatsenyuk stated unequivocally that “we know about the plans of Russia to cut off transit even in European Union member countries,” followed by some notably heavy-on-the-war-rhetoric comments. The Russians were quick to respond, as the energy ministry was “surprised” by his statements on Ukraine gas transits and blasted that comments were an “attempt at EU disinformation.”

This post was published at Zero Hedge on 08/27/2014.

Ukraine Releases Video Of Captured Russian Troops; They “Entered Accidentally” Russia Claims As Putin-Poroshenko Meeting Begins

Moments ago, Russian president Vladimir Putin arrived in Minsk, Belarus where upon the initiative of Belarusian President Alexander Lukashenko a summit between the Customs Union (Russia, Belarus and Kazakhstan) and Ukraine will be held on Tuesday. As Interfax adds, the meeting will also be attended by three European commissioners – EU High Representative for Foreign Affairs and Security Policy Catherine Ashton, Trade Commissioner Karel De Gucht and European Commission Vice President, Energy Commissioner Gunther Oettinger.
Amusingly, Putin’s arrival did not proceed without incident…
This will be second meeting in the past three months between Putin and Ukrainian President Petro Poroshenko organized with the mediation of a president a third country. However, official confirmation that a separate meeting between Putin and Poroshenko will take place does not yet exist.
As noted earlier, the main reason for the recent ramp in futures is because someone activated the de-escalation algo sending futs promptly from overnight lows to highs, on hopes there will be some resolution of Ukraine’s proxy civil war, and maybe a detente between Russia and Europe, where the latter is now on the verge of a triple-dip recession due to “costs” against Russia.

This post was published at Zero Hedge on 08/26/2014.

Ebola Among Health Workers: More Than 240 Sick, More Than 120 Dead

If hundreds of doctors and nurses are becoming infected with Ebola, what chance is the general public going to have? This is not just a question that many of us are asking. As you will see below, this is a questionthat the World Health Organization is asking. When dozens of health workers started getting Ebola, nobody could explain how it was happening. More precautions were taken and health workers were even more careful than before. Then the number of sick health workers rose to 170. Even more measures were taken to keep doctors and nurses from getting the disease, but now just a couple of weeks later we have learned that a total of 240 health workers have contracted the virus and more than 120 of them have died. Overall, more than 2,600 people have been infected with Ebola since this outbreak began and more than 1,400 people have died. This virus continues to spread at an exponential rate, and now we have learned that there are confirmed cases of Ebola in the Democratic Republic of Congo. When are people in the western world going to wake up and start taking this disease seriously?
The mainstream media has told us over and over again that Ebola “does not spread easily” and that we have nothing to be concerned about in the United States and Europe.
But if that is true, then how in the world have hundreds of doctors and nurses gotten sick? They go to extraordinary lengths to avoid getting the virus. The following is from an official World Health Organization statement that was released on Monday…

This post was published at The Economic Collapse Blog on August 25th, 2014