It might seem odd to talk about the Star of Bethlehem during the month of August, rather than December, when the celebration of Christmas prompts many people to recount the biblical story of three wise men guided to the birthplace of Jesus Christ by a bright object in the sky.
There have been numerous possible scientific explanations of what the Star of Bethlehem may have been. And whether you believe in the story of the star or not, one of those proposed possibilities will play out in the night sky soon after sundown on Saturday evening (Aug. 27): an exceedingly close encounter between the two brightest planets, Venus and Jupiter.
SOLAR SECTOR BOUNDARY CROSSING: On Aug. 28th, Earth will cross a fold in the heliospheric current sheet. This “solar sector boundary crossing” could disturb our planet’s magnetic field and spark auroras at high latitudes.
[Venus-Jupiter Conjunction 2016: When, Where and How to See It]
Along the East Coast of the U.S., just before sunset, the two planets will be at their very closest and will come within 4 arc minutes (0.06 degrees) of each other. (For comparison, look for the middle star of the Big Dipper’s handle, Mizar. There is a tiny companion star next to it known as Alcor, and separation between the two stars is 12 arc minutes, or 0.2 degrees)
Saturday’s Venus-Jupiter Encounter May Explain Bible’s Star of Bethlehem
Taken literally, the biblical account of the story of the Star of Bethlehem calls for not one, but two “stars.” One to be seen at the start of the Magi’s journey, while the other appearing to them upon their arrival in Bethlehem.
Interestingly, in August of 3 B.C., Venus and Jupiter were prominent in the predawn eastern sky, and on Aug. 12 they came within just 9 arc minutes (0.15 degrees) of each other as seen from the Middle East. Incidentally, this sign would have been seen by men “in the east,” explaining the phrase in the Book of Matthew.
Ten months later, Venus and Jupiter got together again for an even more spectacular encore on June 17, 2 B.C., when at sundown from Babylonia they were separated by just 4 arc minutes of each other, about 35 degrees above the western horizon. As the sky grew dark, the two brightest planets drew closer to each other until finally at 9:15 p.m. local time they drew to within 36 arc seconds (0.01 degree) equal to the mean apparent width of Jupiter as seen through a telescope, at an altitude of 15 degrees above the horizon. To most people, the two planets must have appeared to coalesce into a single “star” somewhat brighter than Venus alone. Eyeglasses were many centuries in the future, so only people with unusually acute vision would have seen the planets separated.
I did a computer check to see just how often Venus and Jupiter come within 6 arc minutes of each other, in a dark or twilight sky as seen from North America. We have to go as far back as Nov. 14. 1660, when the two planets were within 6 arc minutes as they rose above the eastern horizon a few hours before sunrise. Our next opportunity will come on the morning of Nov. 22, 2065, when Venus and Jupiter will be merged together as one brilliant singular point of light as they rise above the east-southeast horizon just before sunrise.
Venus And Jupiter Conjunction Can Be Seen With Naked Eye | Video
The final piece of the sign is Jupiter. Jupiter was known by the Jews as the planet of the Messiah. Jupiter enters the sign of Virgo on August 27, 2016, which coincides with a close conjunction of Venus. The next such close conjunction with these two brightest planets is 49 years later. Jupiter itself enters Virgo about every 12 years. The August 27, 2016 conjunction comes exactly 400 days before Yom Kippur 2017. Yom Kippur always ends Teshuvah, which is a 40 day season of repentance. Does Jupiter and Venus mark a ten-fold application needed at that time?
NOTE: This article link was posted for the info, not for it’s false rapture timing
Jupiter then spends those 400 days in Virgo. As the sign of Revelation 12 forms on September 23, 2017, Jupiter is in the womb of Virgo and is about to be born. Remember, the meaning of Tribulation refers to the period of labor pains before birth. The world is going to go through a period of delivery to result in the Messianic Kingdom. This sign speaks to those coming seven years–the worst in human history. However, we have been warned and God will deliver those who have put their trust in Christ by taking them to heaven before the seven years begins. For those who will miss that opportunity, God’s grace will still abound for those who change and believe that Jesus Christ is the savior of the world, but they will have to endure the Tribulation.
Jupiter, though spends more than 400 days in Virgo. It is provocative that six days before what looks to be the start of the 2520 days of the Tribulation, Venus and Jupiter make another conjunction (but not visible because of the sun) on November 13, 2017. This is 444 days from the conjunction of August 27, 2016. Is it any accident then that Jupiter leaves Virgo when the Tribulation will begin? The next sign in the Mazzeroth (Zodiac) is the scales of Libra–judgment. It all lines up at the right time.
However, let us go back 1260 days from the sign of Revelation 12 to the day of the first lunar eclipse of the Tetrad of 2014-2015. The eclipse of April 15, 2014 occurred at a specific place in the heavens. As a time marker that points to the sign of Revelation 12, it should also have some significance. This eclipse on Passover 2014 occurred right next to star of Spica in Virgo. Jesus’ own body was sacrificed for us on Passover. He was the Seed of the Woman. He was the ear of grain that must die that life may abound. Spica in Hebrew is Zerah meaning “seed”–the Seed of the Woman. It is the same word as found in the promises of Genesis. It is fitting then that this sign of the lunar eclipse points to the sign of Revelation 12, which speaks of the Messiah’s birth, but also to the necessary second part of Jesus’ coming back to earth.
With an interval of 1260 days between the signs, it would seem logical that the day count represented a leg of the Tribulation. But it cannot anymore unless one is to believe we are in the Tribulation, but we are NOT. However, this sign straight from Revelation 12 that appears in the sky from September 23 to September 25 cannot be ignored. Placing this sign in context with all of the other signs and calculations presented here, it would seem that this sign is a warning of the Tribulation that will soon begin.
The conclusion on this website(not ”The Truth is Not a Choice) is that it looks like the Rapture (Not possible until after 3 1/2 year tribulation era) will occur on the Feast of Trumpets 2017, (Or Tribulation Era of 3 1/2 should be underway by this time already) which would be on September 21. This day is sandwiched between the sign involving the Great Pyramid and Revelation 12. If the Tribulation ends on the Day of Atonement 2024, then 2,520 back from that day is November 19, 2017. The sign of Revelation 12 then comes 57 days before the Tribulation. This gap matches the gap between the end of Daniel’s 69 weeks on Palm Sunday and the beginning of the Church on Pentecost.
The sign of Revelation 12 makes sense as a sign warning to us all that the Tribulation is coming, just as depicted in the sign itself with the virgin (Israel) about to go through tribulation. For the Church, our time is then short. The requirements of the sign make it extremely rare making 2017 the only year in which it coincides with the final generation. By default, it must be a sign that precedes the Tribulation and signs should be a warning of what is soon coming. But all too often, the heavenly sign of Revelation 12 is glossed over and not looked at as a actual visible sign that can be observed. It happens in just over three years. It’s time to get ready…
The Great Sign of Revelation 12 occurs in 2017?: Start Of Tribulation 3 1/2 Year Era Prior To Rapture
A conjunction between Saturn and Mars in Southern Ophiuchus on August 25th 2016 – when the rings are close to their maximum opening angle – will see Saturn shine at magnitude +0.5 (one half-magnitude fainter than at opposition) and Mars at magnitude -0.4. With both planets positioned some 97° to the East of the Sun, this conjunction will be easily seen against a dark Western sky after sunset.
Because the ringed planet is traversing the Southern zodiac during the period in question, it follows that the majority of conjunctions will be best seen from the Southern hemisphere. Even where the majority of the Northern hemisphere has a relatively good view it will almost always be difficult or impossible to observe from higher Northern latitudes.
The rarest of the conjunctions during the period is that between Saturn and Jupiter in December 2020. Conjunctions between these two planets were known historically as Great Conjunctions and they take place about every twenty years. However, they are not always best placed for viewing, sometimes occurring at narrow solar elongations. Perhaps the best-known of the ‘Great Conjunctions’ happened in the year 7 BC, in the constellation of Pisces, the Fishes, an event which has been considered a possible explanation for the Star of Bethlehem mentioned in the New Testament of the Bible. Specifically, this was a triple conjunction – a series of three conjunctions which took place during that year – which, it is argued, was such an unusual chain of events that the Magi (the ‘wise men’ or astrologers) gave it a special significance.
Note: Notice their assumption ”7BC” is incorrect, but at least they got one out of two planets, lol, and of course they didn’t mention Regulus. (Why would they do that as ”astronomers”?)
The ‘Great Conjunction’ of December 2020 takes place on the day of Earth’s 2020>>>winter solstice<<<, the planets being only 30° away from the Sun in the evening sky. Whilst not ideally placed for viewing and being well past their opposition dates, Saturn and Jupiter are separated by only 6 arcminutes (0°.1), making them both visible in the field-of-view of most telescopic eyepieces
The Position of Saturn in the Night Sky: Zenith 2016 to 2112 2020 Winter Solstice 3 Days After Chanukah
Will Petrus Romanus Pope Francis Declare “One World Religion” From Jerusalem?
“So when you see the [b]abomination of desolation [the appalling sacrilege that astonishes and makes desolate], spoken of by the prophet Daniel, standing in the Holy Place (let the [c]reader understand), 16 then let those who are in Judea flee to the mountains [for refuge]. 17 “Whoever is on the housetop must not go down to get the things that are in his house [because there will not be enough time]. 18 “Whoever is in the field must not turn back to get his coat. 19 And woe to those who are pregnant and to those who are nursing babies in those days
20 Pray that your flight [from persecution and suffering] will not be in winter, or on a Sabbath [when Jewish laws prohibit travel]. 21 For [d]at that time there will be a great tribulation (pressure, distress, oppression), such as has not occurred since the beginning of the world until now, nor ever will [again]. 22 And if those days [of tribulation] had not been cut short, no human life would be saved; but for the sake of the elect (God’s chosen ones) those days will be shortened.
Then there was given to me a [a]measuring rod like a staff; and someone said, “[b]Rise and measure the temple of God and the altar [of incense], and [count] those who worship in it. 2 But leave out the court [of the Gentiles] which is outside the temple and do not measure it, because it has been given to the Gentiles (the nations); and they will trample the holy city for forty-two months (three and one-half years). 3 And I will grant authority to My two witnesses, and they will prophesy for twelve hundred and sixty days (forty-two months; three and one-half years), dressed in [c]sackcloth.”
Why do you say that we’re now at greater risk of nuclear disaster than ever?
Part of the risk, of course, is there are now many more groups intent on inflicting mass destruction that we saw in the Sept. 11 attacks.
Former Secretary of Defense explains why we now have greatest threat of nuclear war ever
Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown has recently proposed a massive overhauling of the U.S. nuclear arsenal. What does he have in mind? Does it make sense to you?
As long as Russia is adopting belligerent and aggressive policies in Europe against our allies, in which they see nuclear weapons as a part of that policy, then we have to maintain a strong deterrence…
The World Is About To Witness A Terrifying Mega-Bubble Collapse
The risks in the financial system and world economy are now at an extreme and it is not unlikely that one of several of these risks will turn into serious problems for the world in the next few months.”
A Massive Black Hole For The Fed & Financial System
So now at the end of August, markets have all been focusing on Yellen’s speech at Jackson Hole, Wyoming. Jackson Hole is of course a very befitting name since what the Fed is staring into is a massive black hole into which major parts of the financial system will disappear…
I heard a loud voice from the sanctuary say to the seven angels, “Go, and pour out on the earth the seven bowls of God’s fury!”
2 So the first one went and poured his bowl onto the earth, and disgusting and painful sores appeared on all the people who had the mark of the beast and worshipped its image.
Another angel, a third one, followed them and said in a loud voice, “If anyone worships the beast and its image and receives the mark on his forehead or on his hand, 10 he will indeed drink the wine of God’s fury poured undiluted into the cup of his rage.
Hidden Agenda Perpetrated By Congress & The Fed Exposed In One Simple Chart
like to say policy objectives are invisible ink and policy results are the coloured glasses that expose them. You see, policy makers always tell us how they design and implement policies targeted at middle class America. However, time after time after time, the only segment of society that fails to realize any benefit from any policy is middle class America. Yet for some mind boggling reason we continue to allow these policy makers to carry on with this skullduggery. The following chart really tells you everything you need to know about economic policy objectives for the past three decades.
The above chart depicts Wall Street real profits (black line), non-financial corporate real profits (red line) and real median weekly wages and salaries (blue line) all indexed back to 1982 (this is an important period where antitrust policies broke down under the Reagan admin).
What we find is that while median wages and salaries have increased by a paltry 9% over the past 35 years, corporate income is up 250% and Wall Street income is up almost 800%. And so over the decades this story line about policies targeting the middle class is absolutely, in every way, a total and complete fabrication. This chart doesn’t happen by accident nor could it be the result of honest mistakes.
Sisi, during a meeting on Sunday with newspaper editors in Cairo, said Putz Putin told him “he is ready to receive [Antichrist Abbas] and Antichrist 911 Netanyahu in Moscow to carry out direct talks to find a solution.”
911 Netanyahu calls Hooks In Jaw Putz Putin to discuss diplomatic process
He added that he felt that Israel was becoming more convinced of the need for a deal, something he termed “a positive sign.”
Is Hillary 911 Rodham Clinton employing Lyndon Baines Johnson’s 1964 playbook against Trump? Today on TRUNEWS, Rick Wiles uncovers the Democrats grand scheme to recycle LBJ’s propaganda and deploy a “Daisy” style advertisement before November 8th. Rick also speaks with Heaven’s Harvest CEO Clayton Llewellyn about Germany’s mandate for its citizenry to store food and the importance of civil preparation in times of assassination and unrest.
And WHO the HELL is HUMA ABEDIN – 911 Clinton LESBIAN SCANDAL or Antichrist AL QAEDA Insider?
Then the fifth angel sounded [his trumpet], and I saw a star (angelic being) that had fallen from heaven to the earth; and the key of the bottomless pit (abyss) was given to him (the star-angel). 2 He opened the bottomless pit, and smoke like the smoke of a great furnace flowed out of the pit; and the sun and the atmosphere were darkened by the smoke from the pit. 3 Then out of the smoke came locusts upon the earth, and power [to hurt] was given to them, like the power which the earth’s scorpions have. 4 They were told not to hurt the grass of the earth, nor any green thing, nor any tree, but [to hurt] only the people who do not have the seal (mark of ownership, protection) of God on their foreheads.
and they did not repent of their murders nor of their sorceries (drugs, intoxications) nor of their [sexual] immorality nor of their thefts.
Hillary 911 Clinton website’s source code reveals rigging of 2016 election as a ‘hackathon’
Even stranger is that since it was discovered, Hillary 911 Clinton’s campaign has made no effort to delete the “hackathon” sentence from its webpage’s source code. She and the Democrats are now in-your-face with their devilry.
The Synagog Of Satan ROTHSCHILDS & Mainstream Mockingbirds Say VOTE HILLARY 911
Corrupt to the core globalist puppet Hillary 911 Clinton is the Rothschild’s choice to be their puppet in the White House. So why do the mainstream mockingbird media and leading liberal mouthpieces like Marc Maron and HBO’s John Oliver IGNORE this incredibly troubling fact while overlooking 911 Hillary’s endless litany of hardcore crimes?
FBEye Of wHOres R U.S. Admits Clinton 911 Used Software Designed To “Prevent Recovery” And “Hide Traces Of” Deleted Emails.
South Carolina Representative Trey Gowdy appeared on Fox News today and disclosed new details about the Clinton 911 email scandal that seem to indicate intent to destroy evidence. Per the clip below, Gowdy reveals that Clinton 911 used “BleachBit” to erase the “personal” emails from her private server.
For those not familiar with the software, BleachBit is intended to help users delete files in a way to “prevent recovery” and “hide traces of files deleted.” Per the BleachBit website:
Beyond simply deleting files, BleachBit includes advanced features such as shredding files to prevent recovery, wiping free disk space to hide traces of files deleted by other applications, and vacuuming Firefox to make it faster.
During his appearance on Fox, Gowdy clearly indicates that 911 Clinton’s use of BleachBit undermines her claims that she only deleted innocuous “personal” emails from her private server.
“If she considered them to be personal, then she and her lawyers had those emails deleted. They didn’t just push the delete button, they had them deleted where even God can’t read them.
“They were using something called BleachBit. You don’t use BleachBit for yoga emails.”
“When you’re using BleachBit, it is something you really do not want the world to see.”
Gowdy also questioned whether 911 Hillary considered “Clinton 911 Foundation” emails to be “personal” and, if not, asked why the FBI’s investigation revealed minimal emails about Foundation-related topics.
Hillary 911 Clinton Directly Attacks Alex Jones
Hillary 911 Clinton Triggered By Alex Jones and Infowars
So Dear Reader, we leave it to you to decide whether – like FBI Director Comey – you see no “intent” to hide or obfuscate any of the deleted emails; or – like Rep. Gowdy – you see the facts as proving Hillary 911 Clinton’s intent to ensure no trace was left of these harmless emails about yoga routines or wedding plans.
Something Big Is Coming – Governments Warn People To ‘Prepare’
Among the 14,900 federal documents Hillary 911 Clinton is said to have failed to turn over to the State Department in 2014 are some related to the Benghazi attacks, according to Judicial Watch.
The conservative watchdog group says that government lawyers admitted in court papers filed on Tuesday that the nearly 15,000 pages of Clinton 911 records recovered by the FBI included some which “satisfied the [Benghazi-related] search terms.”
Judicial Watch: Hillary 911 Clinton Withheld Or Deleted Benghazi Related Documents
That suggests that Clinton 911 withheld or deleted records which referred to the Sept. 11, 2012 attacks which left four Americans dead.
Clinton 911 has claimed that a team of her aides searched through her email account using search terms for a variety of issues, including Benghazi.
Judge orders search of new Clinton 911 emails for release by September 13
Why Did the Antichrist Saudi Regime and Other Gulf Tyrannies Donate Millions to the 911 Clinton Foundation?
News publishers could charge search engines for story extracts
Copyright reforms by European Commission would require likes of Google to agree terms
European news publishers will be given the right to levy fees on internet platforms such as Google if search engines show snippets of their stories, under radical copyright reforms being finalised by the European Commission.
Washington Post, NYT Owned By Globalist Kingpins
In an exclusive two part interview with TRUNEWS, Rick Wiles speaks with revered economic analyst Jim Willie, the author of the Hat Trick Letter. The two discuss the looming collapse of Italian and German banks and Antichrist Communist China’s historic entry into the IMF in September
In part two of an exclusive interview with TRUNEWS host Rick Wiles, economic analyst Jim Willie returns as together they offer an in-depth analysis of current world financial trends, and the dangers waiting as rumors of wars escalate globally.
NOTE: ^^^DEX Perfectly exposes the Antichrist NWO 666 Mark Of The Beast
‘Assassination attempt on Angela Merkel foiled’ as armed man arrested ‘trying to infiltrate German chancellor’s motorcade’ in Prague
Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central Bankers: Stop Easing, You Are Crushing Us.” Europe’s largest bank, with the massive derivatives book, then upped the ante several months later in June, when its chief economist Folkerts-Landau launched a shocking anti-ECB rant in which it warned of social unrest and another Great Depression.
Ironically, these infamous diatribes hurt more than helped: telegraphing to the market just how hurt DB was as a result of the ECB’s monetary policy, the market punished its stock, which has been recently trading within spitting distance of all time lows, in effect making Deutsche Bank’s life even harder as it now has to contend not only with its own internal profitability problems, but also has to maintain a market-facing facade that all is well. So far, it has not worked out very well, prompting numerous comparisons to another infamous bank.
So, in what may have been DB’s loudest cry for help against the ECB’s unwavering commitment to rock-bottom interest rates, the bank’s CEO, John Cryan, warned in a guest commentary ahead of the Handelsblatt Banking Summit titled, appropriately enough “Banks in Upheaval”, to be held in Frankfurt on August 31 and September 1, that “monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer.”
However, his most striking warning was not aimed at Mario Draghi, but at Germany itself – and ostensibly his own clients – implicitly suggesting that if Deutsche Bank goes down it is taking everyone down with it, when, as cited by Bloomberg, he warned of “fatal consequences” for savers and pension plans while “companies refrain from investments due to ongoing uncertainty and demand less loans.”
Deutsche Bank CEO Warns Of “Fatal Consequences” For Savers
The details are known to those who have followed the paradox of central bank failure – if only for the economy and ordinary people – summarized earlier today by Citi’s Matt King.
Quoted by Handelsblatt, Cryan warned that “the ECB’s policy is squeezing the margins of Europe’s struggling banks, making it harder for insurers to find profitable investments and dangerously distorting financial market prices.” Meanwhile, he added, the hoped-for benefits haven’t materialized. “Given the continued uncertainty, companies are holding back on investments and are hardly seeking any credit anymore,” he wrote.
He added that it was unacceptable that financial regulators demanded that banks increase their safety cushions but then imposed punitive interest rates on these additional reserves.
Many agree with Cryan:”The hoped for pan-European investment boost hasn’t happened, and neither have the expected structural reforms in the affected euro member states,” said Georg Fahrenschon, president of the German Savings Bank Association. Instead, uncertainty is growing throughout the euro zone in light of the “horrendous sums of money the ECB is now directly pumping into the markets,” he added.
While Cryan admits that the ECB’s intervention did avoid an all out collapse in Europe it has done so at extreme costs, like negative rates on most German debt. Which is why, Cryan writes it is high time for a change in direction at the ECB. He would say that: his bank is in the midst of a painful restructuring and battling to keep the confidence of investors, so the side effects of the ECB’s policy are causing it particular pain. That’s one reason why Mr. Cryan is particularly critical of the negative interest rate on bank deposits at the ECB. He said net interest income, traditionally the most important pillar of bank earnings in the euro zone, had fallen by 7 percent since 2009.
Martin Lück, strategist at Blackrock, the world’s largest asset manager, agrees with Cryan and fears that the ECB’s actions are having the opposite effect of the spending spree intended. With interest rates falling, people have to save more rather than less to secure their pensions. And the punitive banks are weakening banks and forcing them to curb their lending, he said. Insurers and pension funds were also being hit because they had to enter ever higher risks to secure returns on their investments. This has become evident with the slide in yields into negative territory on many sovereign bonds including 10-year German government paper. These securities are the backbone of the insurers’ investments.
Private investors face the same problem. If they don’t want to take higher risks, for example by investing in stocks, “then they must save substantially more than before to secure their pension,” said Frank Engels, head of fixed income fund management at Union Investment.
Meanwhile, the beneficiaries of the ECB’s asset reflation policy are few: only around nine million Germans own stocks, just over 10 percent of the population. The risk is now that savings will lie dormant in bank accounts without earning interest. Germany’s central bank, the Bundesbank, has calculated that Germany had a savings ratio of 9.7 percent for 2015, the highest level since 2010, and it’s likely to rise further in 2016. In the first quarter it was up 0.2 percentage points above the year-earlier level.
Worse may come if Cryan’s fatalistic warning comes true: after all, few CEOs ever talk of “fatal consequences”, especially since the context of these words has become so very clear.
So what, according to the CEO, is the only lifeline available to European banks, and to savers, in Europe? In his guest comment, Cryan said that an EU banking union was an important step that should be followed by a capital markets union, which become more important in order to provide the much needed funding for companies as banks shrink their balance sheets. In short, a continent-wide backstop system.
The warnings for savers could not be any clearer.
The Battle of Gog and Magog? Russia Antichrist Iran and Jive Turkey come together Antichrist Communist North Korea prepares for the “end” and German NEO Socialists are told to stock up for disaster!
Warren Buffett claims that gold is worthless because it doesn’t produce anything. Fair point, but what if the other sectors of the economy also stop producing?
“If you think of gold, the only way gold loses is if normal business and private sector cycles come back. If that is the case, gold goes back 100 dollars per ounce. The other outcomes, deflation, stagflation, hyperinflation are good for gold,” said Viktor Shvets, global strategist for investment bank Macquarie Group. So gold wins in three out of four scenarios, but none of the three are particularly appealing.
He believes aggressive action by the world’s central banks after the financial crisis has covered up a lack of private sector productivity.
Also, the movements of central banks and governments have replaced private sector investment signals such as earnings and employment data. So everything comes down to confidence in central banks.
“If people become more confident, gold will ease back. But when the chickens come home to roost, gold will come back,” he said. Gold futures have rallied 26 percent this year after the Federal Reserve shook confidence in its ability to manage the economy by raising interest rates last December. Junior gold mining stocks, the companies most sensitive to gold price increases rallied 155 percent this year.
Price changes in selected future contracts as of August 23, 2016. (Barchart.com)
The lack of success of conventional monetary policies in spurring economic activity has prompted some Fed officials to call for more unconventional methods in case the economy turns south again.
“Conventional monetary policy has less room to stimulate the economy during an economic downturn,” San Francisco Fed President John Williams wrote in an essay. “This will necessitate a greater reliance on unconventional tools like central bank balance sheets, forward guidance, and potentially even negative policy rates. In this new normal, recessions will tend to be longer and deeper, recoveries slower and the risks of unacceptably low inflation…will be higher.”
Especially the topic of negative interest scares some of the most high-profile money managers. Lord Jacob Rothschild, the chairman of Rothschild Investment Trust, wrote in a letter to clients:
“The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters, and it is impossible to predict the unintended consequences of very low-interest rates, with some 30 percent of global government debt at negative yields, combined with quantitative easing on a massive scale.”
According to Shvets, this may just be the beginning as investors and citizens reject these policies and are looking for alternatives like gold, physical cash, bitcoin, and real estate.
Gold Wins In Three Out Of Four Scenarios, Macquarie Warns “None Of Them Are Good For The Economy”
Bitcoin and gold can both be prohibited by the government. How do you force people to do things they are reluctant to do? The way to do it is to close down alternatives like real estate, cash, and gold. You could force people underground, hoarding cash with warehouse receipts, or warehousing gold illegally,” he said.
In some ways, this is already happening. When a Swiss pension fund asked one of the bigger Swiss banks to pay out a larger amount of cash to save the negative rate penalty, the bank denied the request, according to a report by Schweizer Radio und Fernsehen in March.
Where will all this lead? Shvets believes there has to be reset of the financial system to get rid of a couple hundred trillion dollars of debt.
“Right now we are still on the U.S. dollar standard. Since the Bretton Woods system ended in 1971, we are on the U.S. dollar standard. How will the monetary system rebase itself? Is it going to be gold, is it going to be a global currency? British economist John Maynard Keynes was already suggesting in 1944 to create a global currency,” said Shvets.
The new global currency could only be the derivative of five international currencies issued by the International Monetary Fund (IMF). It is called Special Drawing Rights (SDR). It represents the right to draw on members of the IMF and get paid in the components of the basket, which is made up of dollar, euro, yen, pound, and as of Oct. 1, 2016, Chinese yuan.
Globalist academics, central bankers, as well as the IMF itself and other international organizations have started a massive publicity campaign in 2016 to push for the SDR as a global currency. It culminated in the first issuance of a private SDR bond worth $2.8 billion by the World Bank in the Chinese bond market in August.
Are we going to have a global currency? “Countries would have to give up their domestic independence. Country’s are reluctant to do that. So usually that’s done after the war,” said Shvets. What about a return to the gold standard? Maybe, but also only after the war.
Jackson Hole’d – A New Monetary Order Looms
While the Kansas City Fed’s annual conference in Jackson Hole is safe for this year, come 2017 they are going to have some competition for hotel rooms and other local resources; there is a full eclipse of the Sun scheduled on August 21st. http://www.solarsystemscope.com
23. Maximum totality is not the longest possible in 2017. The longest possible duration of the total phase of a solar eclipse is 7 minutes and 32 seconds. Unfortunately, the next solar eclipse whose totality approaches 7 minutes won’t occur until June 13, 2132. Its 6 minutes and 55 seconds of totality will be the longest since the 7 minutes and 4 seconds of totality June 30, 1973.
25 facts you should know about the August 21, 2017, total solar eclipse
24. The future is bright but long. The next total solar eclipse over the continental U.S. occurs >>April 8<, 2024. NOTE: April 8, 1904 Cairo Egypt Crowley 666, April 8, 2011 after POTUS visited Cairo Egypt in 2009 and later watched Egypt fall to the Antichrist Muslim Brotherhood, Obozo ”raised” the debt ceiling of government and gave his speech in the Masonic Kabbalist ”Blue Room” of the White House (he later ”illuminated with the Antichrist homosexual rainbow image) and said the Washington Monument behind him, through the White House window, is the symbol of America. The 666 Obelisk later was shut down by a 5.9 earthquake centered under the Lake Ann nuclear plant in Virginia.
“Doomsday Eclipse” Carbondale Illinois August 21, 2017 (Little Egypt) April 8, 2024.
Part 1 – 666 Magic Square of The Sun (Revelation 13 L)
While finding the body of Osiris and resurrecting it—either figuratively or literally—is central to the prophetic beliefs of Freemasonry, until Apollo/Osiris return, formal procedures will continue in secret for installing within America’s national leader the divine right of Kingship through the raising of Osiris ceremony.
But it is very important to note how, when this ritual is carried out in the Temple Room of the Heredom, it unfolds below a vast thirty-six-paneled skylight that forms a stylized Magic 666 Square. Around the four sides of the skylight can be seen the Winged Sun-Disc. This positioning above the altar is in keeping with historical occultism. Egyptian magicians employed the same symbolism above the altar for invoking the sun deity. In the St. Martin’s Press book Practical Egyptian Magic it is noted: “Emblematic of the element of air, this consists of a circle or solar-type disk enclosed by a pair of wings. In ritual magic it is suspended over the altar in an easterly direction and used when invoking the protection and co-operation of the sylphs.”  The Renaissance occultist Paracelsus describes these sylphs as invisible beings of the air, entities that the New Testament book of Ephesians (2:2) describes as working beneath “the prince [Lucifer/Satan] of the power of the air, the spirit that now worketh in the children of disobedience.” In applied magic, the “magic square of the sun” itself was associated in antiquity with binding or loosing the sun god Apollo/Osiris and was the most famous of all magical utilities because the sum of any row, column, or diagonal is equal to the number 111, while the total of all the numbers in the square from 1 to 36 equals 666. In the magical Hebrew Kabbalah, each planet is associated with a number, intelligence, and spirit. The intelligence of the Sun is Nakiel, which equals 111, while the spirit of the Sun is Sorath and equals 666. It makes sense therefore that Freemasons built the Washington Monument Obelisk to form a magic square at its base and to stand 555 feet above earth, so that when a line is drawn 111 feet directly below it toward the underworld of Osiris, it equals the total of 666 (555+111=666)—the exact values of the binding square of the Sun God Apollo/Osiris installed in the ceiling above where the Osiris raising ceremony is conducted in the House of the Temple.
Magic Squares, 666, and Human Sacrifice?
The Kansas City Fed has been holding its annual symposium since 1978, but only moved the show to Jackson Hole in 1982 in conjunction with a change in focus
The symposia titles do give a small window into the macroeconomic narratives of the day.
In 1984, “Price Stability and Public Policy”.
In 2001: “Economic Policy for the Information Economy”.
In 2007, “Housing, Housing Finance and Monetary Policy”.
In 2009, “Financial Stability and Macroeconomic Policy”.
And if you’re now thinking the unkind notion that the Fed can be behind the curve, consider that (at least) in 1998, they were forward thinking enough to title the conference “Income Inequality Issues and Policy Options”.
In the narrowest sense – the one that markets care most about, anyway – this year’s Jackson Hole conference is about one thing: what will Chair Yellen say about interest rates? Capital markets prices tell us to expect very little new information. Fed Funds Futures have been discounting a low likelihood of a rate increase at the September FOMC meeting (18% currently) and essentially a coin flip at the December meeting. Those odds haven’t changed much in weeks…
Yet the title of this year’s Jackson Hole meeting – “Designing Resilient Monetary Policy Frameworks for the Future” – is a telling one. It is actually a call to a specific goal, rather than the generic “Inflation Dynamics and Monetary Policy” (2015) or “Re-Evaluating Labor Market Dynamics” (2014) or even the outstandingly bland “The Changing Policy Landscape” (2012). You get the feeling that the Fed has something on its mind…
A CIA-linked firm has joined forces with Amazon in a bid to use “computer vision” to snoop on the Earth in unprecedented detail.
CosmiQ Works, a firm closely associated with the US intelligence agency, is working with the online retail giant and the satellite mapping firm DigitalGlobe to train algorithms to work out what’s happening on the surface of our planet.
Satellites can already capture astonishingly detailed images from up in space, but the CIA-linked project wants to go one step further and use artificial intelligence to analyse these pictures.
The partners hope to collect 60 million satellite images and store them in a database called SpaceNet which will be open and accessible by members of the public.
EYES IN THE SKY CIA training artificial intelligence to spy on Earth from SPACE using ‘computer vision’
Spooks team up with Amazon to teach machines how to ‘collect imagery at global scale’
Programmers will then design algorithms which can work out what’s happening in the images or highlight the buildings, objects and natural features in the photos.
The project will be “fuelled by the massive amount of information about our changing planet that DigitalGlobe collects every day”.
However, the news is likely to send a chill down the spine of privacy campaigners and conspiracy theorists alike, because it conjures images of a world where surveillance satellites keep a watchful eye on all of us.
“Each minute something is happening in the world,” said Tony Frazier, senior vice president at DigitalGlobe.
“While commercial constellations are poised to collect imagery at global scale, we must advance our ability to analyse data to realise its full potential.
“SpaceNet is key to unlocking a huge explosion of new AI-driven applications that ultimately will help us better respond to natural disasters, counter global security threats, improve population health outcomes, and much more.
“The industry is coming together to power smarter algorithms so we can see and learn things from imagery about our planet that we simply cannot know today through manual techniques.”
A Gold Standard “Comes After War, Not Before” Macquarie Warns “The Private Sector Will Never Recover”
With COMEX option expiration looming, gold is being monkeyhammered lower for the second day in a row on heavy volume…
Gold Slammed For Second Day As COMEX Options Expire
With 85% of Wall Street telling Citi they expect a “dovish hike signal” from Yellen tomorrow, which means a polite request for another BTFD opportunity, even if as BofA says “expectations for a dovish Fed are coinciding with macro strength in the US (most obviously in housing & consumer spending) as well as highest level of wage inflation since Jan’10″…
… here is a quick reminder of where we currently stand from BofA’s Michael Hartnett, from a brief note titled The Liquidity Supernova & the “Keynesian Put.”
“Central Banks Now Own $25 Trillion Of Financial Assets”
Risk assets are now supported by the new ”Keynesian Put”, the expectation that fiscal measures will be deployed to combat any renewed weakness in the economy/markets (independently of any larger political projects). But asset prices remain primarily supported by excess monetary abundance across the world:
There have been 667 interest rate cuts by global central banks since Lehman;
G7 central bank governors Yellen, Kuroda, Draghi, Carney & Poloz have been in their current posts for a collective 17 years, yet only one (Yellen in Dec’15) has actually hiked interest rates during this time;
Central banks own $25tn of financial assets (a sum larger than GDP of US + Japan, and up $12tn since Lehman);
There are currently $12.3tn of negative yielding global bonds (28% of total);
There is currently $8tn of negative yielding sovereign debt (54% of total).
Do not expect any unwind of this $25 trillion in risk asset support to be unwound any time soon, or perhaps ever, or else…
Treasury Vol Crashes To 2016 Lows
With all eyes focused on the collapse in equity risk over the last few months, it seems Treasuries have been ignored. This week has seen intraday trading ranges for 10Y Treasury yields crash to 2016 lows. The last time the volatility was this compressed was early June, which pre-empted a major surge in risk, slide in stocks, and drop in rates…
As Bloomberg details, the benchmark 10-year U.S. Treasury note traded Wednesday in a yield range of less than 0.03 percentage point, the tightest since June. It’s the second-smallest range of 2016, excluding days the market was closed for American holidays, as bond traders await Federal Reserve Chair Janet Yellen’s speech in Jackson Hole on Aug. 26.
They’ll be listening for clues as to whether policy makers will raise interest rates later this year… even though the yield curve seems convinced it’s not going to happen…
Notably, both Bond and Equity risk is massively distorted from a seasonal norm perspective
However, the last time bond trading was this compressed marked a notable bottom in risk…
And while the unusual situation where equity ‘risk’ is less than bond ‘risk’ remains, it is clear that equities are catching up… as spot VIX catches up to the futures curve’s expectations.
Finally, some context!
It says everything you need to know about the nature of this market that yesterday’s 11-point swoon in the SPX felt like a proper downdraft. If you’ve felt that this month has been unusually quiet, you’re not alone- and with good reason. Macro Man ran a few numbers, and was startled to see that as of Tuesday’s close (i.e., prior to yesterday’s “collapse”) there have been only five prior days in his lifetime where the 30 day historical volatility of the SPX has been lower.
Yesterday’s “crash” nudged the historical vol higher, but not by much; the current 30 day historical vol of 5.4% is the 23rd lowest of all trading days since the start of 1970. The days when “market volatility” served as the excuse du jour for Fed inaction suddenly seem like a long, long time ago.
The Lowest Vol In A Lifetime
US markets are hardly alone in experiencing a decline in volatility, of course; realized vol throughout global equity markets has tumbled this month. That being said, vol in the US is unusually low by global standards (as well as its own.) Amusingly, the other market that has experienced exceptionally low volatility recently has been the UK, another excuse du jour for standing pat. Tellingly, the current trough in SX5E vol is only a little lower than the post-Brexit peak in SPX realized vol.
In times gone by, of course, exceptionally low financial market volatility was a source of concern for policymakers. Such conditions, they knew, were unlikely to last but might encourage behaviour that could threaten financial stability when the volatility regime and market risk premia normalized.
Fast forward to today, and while there has been the occasional brief mention of the reach for yield, there’s been nary a mention of the potentially pernicious problems posed by low volatility. The phenomenon is a relatively recent one, which no doubt explains much of the radio silence. Then again, global central banks’ own policies and reaction functions have a more or less explicit goal of dampening market volatility. To paraphrase our old friend Holmes, we can put this down the the curious episode of market volatility. (The curious aspect being that there isn’t any.)
Meanwhile, we are now treated to stories of state pensions in Hawaii and South Carolina implementing systematic put selling programs. While the VIX currently offers a tasty premium to realized vol, one need not possess a PhD in finance to understand how this can go badly awry. (Actually, given the financial history of the past couple of decades, perhaps we should say that one needs to not have a PhD to comprehend the risks of such a systematic strategy?)
And for what? Global central banks continue to chase the elusive bogey of arbitrary inflation targets while offering little empirical evidence that such targets can be met. The whole idea of the Fed’s potentially raising the inflation target is frankly a farce. There is a veritable Everest of empirical evidence that the sort of impact that the Fed and others can have is woefully insufficient to meaningfully and permanently move the needle on inflation.
Quite possibly Macro Man’s favourite finance-related fun fact, which he trots out every so often, is this: there have been exactly two months in this millennium when the 10y average of the core PCE deflator has been two percent or above. Those two months were January and February of 2000. The Fed has spent most of the ensuing period in ultra-easy mode; see if you can spot on the chart below where they are having an impact and where they are not.
Like Tantalus, the Fed (and BOJ, etc.) seem doomed to forever strive to reach the forbidden fruit of an arbitrary inflation target while falling just short.
In the meantime, the negative externalities of these attempts via artificially compressing risk premia and volatility while influencing certain actors to engage in irrationally stupid behaviours may yet condemn many in the modern central banking community to a new level of the Inferno.
“Astronomical amounts of radiation” found in downtown Tokyo… Directly outside gov’t building — ‘Horrific’ readings where kids playing in Fukushima, ‘extreme’ levels found where food is grown for elementary school lunches — Nuclear expert shocked, upset by discovery (VIDEO)
Frantic search for survivors continues into the night as death toll rises to 159 with 100 trapped under the rubble as rescuers can only hear the sound of CATS
god-like grip over Europe’s financial markets:
Revealed: ECB Secretly Hands Cash to Select Corporations
According to The Journal, Citigroup figured “that bonds eligible for ECB purchases have already outperformed ineligible bonds by roughly 30% since the bond-buying program was announced in March.”
Anonymous Takes 9 Central Banks Offline — Unleashes Massive Assault on ‘Global Banking Cartel’
DC National Cathedral still being repaired after 2011 earthquake
Payne suggested the spiritual collapse of the country will eventually lead to the collapse of political institutions. He said many of the issues being discussed by the media are relatively unimportant and tangential compared to this shocking cultural change, and compared contemporary Americans to the rich passengers on the Titanic.
“People are busy shuffling chairs and listening to the band while this ship is sinking, to the delight of some and tears of others,” he said. “Assuming our children and grandchildren live to old age, which is not a sure bet, I am guessing some of them are going to wake up at some point, and ask, ‘What in the world were you thinking when you allowed chaos to replace order while you slept?’”
Gallups also charged modern Americans are ignoring the reality of spiritual warfare and the presence of the demonic – even when it is right in front of them.
“Because of modern technology, the whole world sees these demonic displays, one after the other,” the pastor said. “We are under the prophesied demonic deluge. The problem is it is so in your face that few actually ‘see’ it. There is such a technological saturation of evil – from entertainment mediums to virtual fantasy porn – that a ‘normalcy bias’ kicks in to overdrive.”
And Gallups concluded ominously what modern Christians are witnessing is nothing new.
“It’s kind of like the days of Noah,” he said. “Everyone just ‘ate and drank’ even though their judgment was staring them in the face, just like Jesus warned. The Lion of prophecy is roaring. I wonder if anyone actually hears it?”
U.S. ALARM: ‘UNPRECEDENTED DEMONIC OUTPOURING’
Spokeswoman at high temple of particle physics suggests ‘scientific users’ of the Geneva facility ‘let their humour go too far’ with staging of occult rite
Fake human sacrifice filmed at Cern, with pranking scientists suspected.
the world’s leading governments have become decidedly fascist and are rapidly heading in a totalitarian direction. There are a number of facets to this development, all of them disturbing: The elimination of personal privacy, the creation of capital controls, confiscation of wealth, the conversion to electronic banking as the sole form of currency, international taxation standards and the creation of a police state. (There are many, many more facets, but these few tend to be at the core of concern.)
Gold To Shock The World By Becoming 6th SDR Currency
A relevant question is whether the Antichrist Communist Chinese could be enticed to denominate that $2 trillion in SDRs and pledge to carry out all future development in the East, a task that will amount to tens of trillions of dollars, in SDRs if the yuan has just a 10 percent weighting?
The answer is a qualified yes. For Antichrist Communist China to do so, there would have to be a sixth member of the SDR basket. You guessed it – it’s gold. Gold taking on a role in the SDR basket is essential if the world economy has any chance of righting itself.
This Historic Event Is About To Shock The World
The Marginal Buyer Holds The Pin That Pops Every Asset Bubble
After months of work, the video series on the Treasury’s Exchange Stabilization Fund is finally finished!
Why you should watch these five videos:
It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA’s black budget, and is the architect of the world’s monetary system (IMF, World Bank, etc). ESF financing (through the OSS and then the CIA) built up the worldwide propaganda network which has so badly distorted history today (including erasing awareness of its existence from popular consciousness). It has been directly involved in virtually every major US fraud/scandal since its creation in 1934: the London gold pool, the Kennedy assassinations, Iran-Contra, CIA drug trafficking, HIV, and worse…
*****What I have been afraid to blog about: THE ESF AND ITS HISTORY (Part 1-5)*****.
HARDCORE EVIDENCE: Hyperinflationary COLLAPSE is Coming!
The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30% of global government debt at negative yields, combined with quantitative easing on a massive scale
The Federal Reserve’s Cycle of Monetary Insanity (and Treason)
In 2008; the central bankers of the West went berserk with their monetary crimes. Interest rates were driven to near-zero. Money-printing was driven to near-infinity, as represented by the Bernanke Helicopter Drop.
As a condition for engaging in monetary policies which were more insane (i.e. more criminal) than anything ever done in our economies; the central bankers promised an immediate Exit Strategy, in early 2009: thenormalization of interest rates and the normalization of money-printing. Through the middle of 2016; we’re still waiting.
The question, never asked by media drones, and never answered by the criminal central bankers is this. If near-zero interest rates (and now “negative” rates) along with exponential money-printing make our economies stronger, why weren’t we doing this 100 years ago? Why haven’t we always engaged in such policies, like we permanently engage in such policies now? It’s because you cannot build any economy through monetary chicanery.
Economies are built exclusively upon sound fiscal policies, and the first and most important principle of sound fiscal policy is that monetary policy can never be allowed to dominate fiscal policies. Look again at the Bernanke Helicopter Drop above. Look at all the decades (starting at the far left) when the U.S. economy was genuinely prosperous. The money supply was a flat line. Monetary policy was only a minor influence on the economy.
Now look at the decades immediately before the Bernanke Helicopter Drop, the decades immediately after the last vestige of our gold standard was assassinated by central banker, Paul Volcker . The U.S. economy began that period still somewhat healthy. However, ever since the Golden Handcuffs were removed from the central bankers, and they were free to pursue their monetary voodoo (and crimes) without restraint, their monetary policies have steadily usurped fiscal policy, and hijacked the U.S. economy.
At first, this trend was somewhat gradual, as we see by the gradually increasing slope of the curve. But (as with any exponential function) the size and scope of the Federal Reserve’s monetary “policies” exploded, to the point where this monetary insanity now totally drowns out not only all fiscal policy, but all of the fiscal fundamentals of the U.S. economy. Year after year; as the Federal Reserve’s monetary dominance of the U.S. economy grew at an exponential rate, the U.S. economy has gotten weaker and weaker – with ever more-outrageous statistical falsifications used to hide this economic cancer.
The Fed’s near-zero interest rates and excessive money-printing make the U.S. economy weaker and weaker . This is no surprise. Excessive monetary policy, in any form, always weakens economies. There has never been an exception to this principle in economic history, because it is mathematically impossible. Infinitely expanding monetary policy is just as obviously suicidal as the Keynesian doctrine of infinitely expanding debt.
This brings us to the conclusion (in the title) that the Federal Reserve’s present monetary insanity can only be a program of intentional economic treason. The Federal Reserve has promised over and over and over to raise interest rates “as soon as the economy is strong enough” to do so. However, if the Fed’s policies make the economy weaker and weaker, when will the economy be “strong enough” for the Fed to keep its promise to raise interest rates? Obviously the answer to that question is never.
Einstein’s definition of insanity: doing the same thing over and over but expecting a different result. If someone claims to be going on a diet by eating one cheesecake after another, when will that person be “thin enough” to fit into their new bathing suit? Obviously the answer is never.
The excessive and criminal monetary policies of the Federal Reserve must continue to make the U.S. economy weaker and weaker. Thus when these Criminals vow to continue their crimes until the U.S. economy “strengthens”, what this really means is that they will never discontinue those crimes – not until their destruction of the U.S. economy has been completed. Unless the monetary criminals of the Federal Reserve wish to “plead insanity”, deliberate treason is the only other logical verdict.
We also reach this conclusion by looking at the acts of malice of these financial criminals: the endless, serial lies. The Federal Reserve lied when it promised to immediately normalize interest rates in 2009, and it has been lying month after month, year after year ever since.
We know this, because beginning in 2009, B.S. Bernanke has serially boasted about the supposed “wealth effect” he was creating with his 0% interest rate, and near-infinite, pedal-to-the-metal money printing. You can’t create a “wealth effect” by pursuing an Exit Strategy. The two policy goals are mutually exclusive. Engaging in one policy (and continually boasting about it) means that you were never serious about the other.
The Federal Reserve (and other Western central banks) also lied when they promised they would “never copy Japan”. We know this, because all of these deceitful central bankers made this promise, individually and collectively, just before they began copying Japan. A simple allegory illustrates this point of logic.
If someone is caught walking on the grass in a garden where “do not walk on the grass” signs are posted, we have no way of knowing whether this was a malicious act, or merely an accident. However, if someone is caught walking on the grass immediately after promising that they would never walk on the grass, we now have proof of malice. Because the mind of the Liar was already consciously focused upon the “crime” of walking on the grass, any transgression would have to be intentional – i.e. malicious.
The Federal Reserve is a collection of malicious, serial liars, engaging in economic treason. The evidence is absolutely conclusive. However, in building a case for any crime, a central question is always motive. Whyhas the Federal Reserve engaged in this economic treason, and also engaged in a serial campaign of deceit to hide its economic treason?
Regular readers could answer this question in their sleep. The central bankers of the Federal Reserve, and the central bankers of all of the West’s central banks (and most of the world’s central banks) are all highly valued employees of the banking crime syndicate known as “the One Bank”.
Give me control of a nation’s money supply, and I care not who makes the laws.
– Mayer Amschel Rothschild, banker (1744 – 1812)
What was the reasoning behind the boast of this oligarch of financial crime? It could not be simpler. Control the printing press of a nation, and you can buy all of the politicians . Hand the control of all of our printing presses to a Crime Syndicate, and you create government-by-Crime-Syndicate, aka “fascism”.
Central bankers steal via inflation (for the benefit of their Masters). They have already confessed to the crime, as regular readers are well aware. For the benefit of newer readers, that confession will be repeated one more time.
In the absence of the gold standard, there is no way to protect savings from confiscation [i.e. theft] through inflation .
– Alan Greenspan, 1966
Informed readers already understand that the actual/correct definition of inflation is an increase in the supply of money. The central bankers steal by printing money. The more they print, the more they steal. It is the fundamental equation of monetary crime.
In 2008; the Federal Reserve began money-printing (and thus wealth-stealing) at an unprecedented rate. It has vowed to never stop such stealing until the U.S. economy gets stronger, while its policies must make the economy weaker and weaker. Here the Apologists for these central bankers will interject.
The Federal Reserve has “tapered” its extreme money-printing, claim the Apologists. Thus it has “tapered” the rate at which it is stealing the wealth of all Americans. No, it has not.
As already noted, B.S. Bernanke spent years boasting about how the bubble valuations in U.S. stock and bond markets were a direct consequence of his hyperinflationary money-printing. This Criminal cannot have it both ways. If the Bernanke money-pump created these asset bubbles then turning off the money-pump must cause the bubbles to implode.
The U.S.’s stock and bond bubbles have not imploded, in fact they have grown significantly larger. Ergo, it is mathematically impossible that any “tapering” of this criminal money-printing ever took place. Instead, the Criminals have simply replaced all of their official money-printing of U.S. dollars with unofficial counterfeiting. The Big Bank crime syndicate has been counterfeiting U.S. currency by the $100’s of trillions (if not quadrillions).
As has been explained before; the combination of (fraudulent) “0% interest rates” and (fraudulent) “fractional-reserve banking” enables infinite counterfeiting . The arithmetic is simple. Just three of the tentacles of the Big Bank crime syndicate could counterfeit nearly $1 quadrillion. Use four tentacles, and the potential counterfeiting increases to $1 quintillion. Use all of its tentacles, and the One Bank could literally counterfeit infinite amounts of U.S. funny-money.
Infinite counterfeiting = infinite money-printing = infinite theft.
The Federal Reserve’s current “monetary policy” is not aimed at stealing merely some of the wealth of the U.S. population. It is aimed at stealing all of the wealth of the U.S. population. And these Criminals have already promised us (again and again) that this crime will never end – not until they are finished.
In a Fed Staff working paper released over the weekend titled “Gauging the Ability of the FOMC to Respond to Future Recessions” and penned by deputy director of the division of research and statistics at the Fed, the author concludes that “simulations of the FRB/US model of a severe recession suggest that large-scale asset purchases and forward guidance about the future path of the federal funds rate should be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in most, but probably not all, circumstances.”
So far so good, however, there are some notable problems with the paper’s assumptions, as Citi head of G10 FX, Steven Englander, observes.
He writes that the paper’s basic framework is to take the standard US economic model used by the Fed, give it a negative shock big enough to push the unemployment rate up by 5 percentage points (big but not unprecedented over the last 50 years) and deploying the Fed’s policy rate, QE and forward guidance tools to see if they are adequate to get the economy back on track. Negative rates and helicopter money are not used.
The two simulations assume:
the economy is in equilibrium initially with inflation at 2%, r* at 1%, so equilibrium nominal fed funds is 3%
the economy is in equilibrium initially with inflation at 2%, r* at zero (secular stagnation) and equilibrium nominal fed funds at 2%
He compares three policy approaches. The first assumes a linear world where fed funds can go into negative territory but there is no breakdown in the structure of economic relationships. It is probably not a realistic view of policy ineffectiveness at negative rates, but it is mean to be a baseline. The second just takes fed funds down to zero and keeps it there long enough for unemployment to return to baseline.
The third takes fed funds down to zero and augments it with additional USD2trn of QE and forward guidance. A variation on the third policy response function doubles the amount of QE in the second simulation.
In other words, the Fed is already factoring in a scenario in which a shock to the economy leads to additional QE of either $2 trillion, or in a worst case scenario, $4 trillion, effectively doubling the current size of the Fed’s balance sheet.
He continues his critique of the Fed’s argument as follows:
In the simulations. QE and forward guidance take 10yr yields down 225-300 bps depending on the starting point for fed funds and whether you do $2 trillion or $4 trillion for QE. But that is not going to work very well if by design fed funds and 10yr yields can’t go below zero. And if expected rates are already low then forward guidance does not have much room. Fed official will gave to keep a straight face while saying they we will keep rates at zero … forever.
What makes it work is that QE and committing to low rates for longer gets the long rate down quickly and this compensates for the inability to take short rates down as far as you would want. In the unconstrained model, the maximum drop in short rates is almost 9 percentage points, almost twice as much as in the constrained model, but the QE/forward guidance lower takes (and keeps) long rates 75bps lower than when the Fed takes rates to zero and stops. When the Fed is starting from 3% fed funds, the combo can almost entirely offset the zero constraint, but only if the full $4 trillion QE is brought to bear. Starting from 2%, QE of $2 trillion is not enough to get long rates down far or fast enough to offset the shock.
All of which brings Englander to the following stunning conclusion:
Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock”
I would have rewritten the conclusion as: “large-scale asset purchases and forward guidance about the future path of the federal funds rate have almost no ability to offset a shock in current circumstances, but down the road may be able to provide enough additional accommodation to fully compensate for a more limited [ability] to cut short-term interest rates in some, but not all and maybe even not most, circumstances.” The italics and colors show my changes.
Just as troubling, Englander admits that the nuanced read of the Fed paper admits it is effectively powerless to withstand a sharp recession: “The key policy issues and what drives the paper’s conclusions and my variant is the starting point. Were we to have a recession today or a year (or even two years) from now, it is very unlikely that the Fed weapons have anywhere near the potency that the paper describes. The FOMC had an end-2018 median fed funds rate of 2.4% at the June meeting and my guess is that it is lower now. Markets don’t price in even 100bps in fed funds till the end of 2019 (taking Eurodollar rates and subtracting 40bs or so.) That said, a 5% shock to the unemployment rate is pretty extreme, if the Fed is not stepping on the brakes hard or world not falling apart for other reasons.”
How much room does the Fed have? Very little:
In the simulation is looks as if it takes about 160-180bps of fed funds reductions (peak response) to offset an 1% UR shock, so right now they could offset maybe an 0.20% shock to the UR with the rates room that they have.
But most troubling of all, is just how critical starting conditions are for further easing; considering monetary conditions right now are unprecedented, it means the Fed has its work cut out for it:
The problem the paper outs in relief is that the effectiveness of rate cuts/QE/rate guidance goes up with the starting point of rates – so the combined policy tools are much more effective if the fed funds rate is 3% than if it is 2% and certainly a lot more than if it is 40bps. There is a good reason the paper does not examine the options for fighting recessions under current conditions. The drop in fed funds also takes 10 year yields down, and roughly 30-40bps in 10s for every 100 bps in fed funds, so if you are starting with fed funds at 40bps and 10yr yields at 160bps, rates policy/QE/forward guidance are not going to do much. Short rates, long rates and rate expectations have nowhere to go, unless you bring negative rates into the discussion, which does not occur.
And, as noted above, not less than $4 trillion in QE would be enough to “get long rates down far or fast enough to offset the shock.”
What are the implications for the Fed, and thus to the market, as a result of the paper? It depends on whetyher one is a hawk or a dove:
To the doves fast growth and higher inflation inoculates the Fed and the economy from policy ineffectiveness at the zero bound so it is a very dovish outcome. Insofar as having 2.5% or 3% inflation makes policy more effective in a downturn there is a case for loosening the target, or not admitting to loosen but reacting to an overshoot anyway.
Hawks may argue that there is a case for raising rates faster, not slower, but the argument has to be made carefully. Assume that the next recession comes in a year from a source not related to Fed policy – the EU falling apart or a major geopolitical event. If fed funds is at 100bps, for example, they may have a meeting or two to stimulate by taking policy rates down while laying the ground for the much bigger stimulus from fiscal or helicopter money that would be needed. If fed funds are very low, investors, households and firms may lose confidence when they recognize that policy has nowhere to go. But this logic depends crucially on this confidence effect which may or may not exist. Hawks can at any point argue that the risks of the zero bound are overstated or that easy Fed policy makes the next recession more likely by making a financial crisis more likely at some point, but that is outside the scope of the paper.
Incidentally, all of the above is a long-winded way of saying the Fed hiked rates, only to be forced it will have to not only cut them, as Japan did 7 months after its ill-fated August 2000 rate hike as we cautioned last August…
… but that when the US economy slides into the next sharp recession, no less than $4 trillion in QE will be needed to stabilize the economy, bringing the Fed’s total holdings of government bonds to well over 30%. And with that in mind, we look forward to what “upside rate hike surprises” Yellen has in store for the market this coming Friday, especially if the politically-tasked Bureau of Labor Services continues to surprise to the upside with fresh record numbers of minimum-wage restaurant workers and bartenders.
Rothschild: “This Is The Greatest Experiment In Monetary Policy In The History Of The World”
Central bankers are late to this logical conclusion. They, like most individuals, would prefer to pay later than now. But, by pursuing a policy of more QE and lower and lower yields, they may find that the global economic engine will sputter instead of speed up..
Bill Gross Warns “Central Bankers Are Destroying The Engine Of The Real Economy”
Yesterday, in the FOMC notes, the Federal Reserve made a stark admission: “several expressed concern that an extended period of low interest rates risked intensifying incentives for investors to reach for yield and could lead to the misallocation of capital and mispricing of risk, with possible adverse consequences for financial stability.” To this, Bank of America chief credit strategist Hans Mikkelsen had an amusing retort:
“We agree. However, because we are still in the reach for yield phase we remain bullish on HG corporate bond spreads.”
In other words, it’s a bubble and everyone – even the Fed – knows it, just as a recent survey also by BofA revealed, but keep on buying because, well, TINA.
But who is buying, and how much?
US Corporate Debt Has Doubled To $6 Trillion Since The Crisis: This Is Who Bought It
A relatively obscure audit report from the Office of Inspector General of the United States Department of Defense suddenly is getting a lot of attention for what it apparently reveals: The Pentagon can’t account for $6.5 trillion.
$6.5 TRILLION MISSING FROM DEFENSE DEPARTMENT
Obozo lied to the American people again, the Antichrist Iran pallet of money was used to release the hostages. Obozo has sold more weapons than any other president. The US uses contractors as soldiers in Afghanistan and does not count them when asked how many troops are in the country. US bombs Afghanistan with B52 bombers for the first time in a decade. Poroshenko building up for war, the propaganda is pushing the idea that Russia is ready to attack? US Turkey relations are in trouble, the US removes its nukes from the Incirlik airbase. Turkey and Iran strike a deal to work together in Syria. During an economic collapse you need to be prepared with the proper supplies..
US Turkey Relations Deteriorating, US Moves Nukes To Romania – Episode 1052b
The Tapachula area is along a permeable border. DHS (Department of Homeland Security) views it as one of the areas where a terrorist group that wants to do harm on U.S. soil would be most likely to come in,” Adam Isacson, a security and border policy analyst at The Washington Office on Latin America, a non-profit human rights advocacy group, told Reuters.
US-Mexico Border Agents Stop 1000s Of Middle-East Immigrants With Forged Papers.
Judicial Watch proved it. Under a Freedom of Information Act request, Judicial Watch was able to obtain a (heavily redacted) copy of the Defense Intelligence Agency (DIA) directive that initiated the creation of ISIS in 2012. the DIA report states,
“THE WEST, GULF COUNTRIES, AND TURKEY [WHO] SUPPORT THE [SYRIAN] OPPOSITION . . . [SUPPORT] ESTABLISHING A DECLARED OR UNDECLARED SALAFIST PRINCIPALITY IN EASTERN SYRIA . . . IN ORDER TO ISOLATE THE SYRIAN REGIME . . .”.
Not even Judicial Watch seems to have appreciated the significance of this document, where its press release focused on the Benghazi attack. Recent releases of 911 Hillary’s emails, moreover, confirm that taking out Assad has nothing to do with his alleged abuse of the Syrian people but because it will help Israel.
Just in case it has slipped anyone’s mind, Hillary 911 was Secretary of State from 2009 to 2013. Barack Obozo The POTUS Clown was inaugurated in 2008 and steps down in 2016. It happened on their watch. It could not have happened without their approval. They really did create the Antichrist ISIS!
How We Know Antichrist ISIS was ‘MADE IN THE USA
And I saw three loathsome spirits like frogs, leaping from the mouth of the dragon (Satan) and from the mouth of the beast (Antichrist, dictator) and from the mouth of the false prophet; 14 for they are [actually] the spirits of demons, performing [miraculous] signs.
And they go out to the kings of the entire inhabited earth, to gather them together for the war of the great day of God, the Almighty.
Leaked Memo Proves Soros Ruled Ukraine In 2014: Minutes From “Breakfast With US Ambassador Pyatt”
We Searched 911 Hillary’s Emails & Her Relationship With Rothschild/Rockefeller is Now on Full Display
Hillary 911 Clinton has been deemed a sure bet for the White House, as it’s widely speculated the inflammatory Donald Trump and socialist-leaning Bernie Sanders stray too far from establishment politics to be truly electable.
But it wasn’t until an examination using Wikileaks searchable archive of 911 Clinton’s emails that the establishment’s love of the Democratic warhawk became truly apparent.
Buried in thousands of the former Secretary of State’s emails sent via her personal server, are intimations of her close relationship with the infamous Rothschild banking family and hints for a potential Rockefeller-State partnership.
911 Hillary’s Relationship With Rothschild/Rockefeller is Now on Full Display, Congress Subpoenas Tech Companies That Handled Her Private Emails, Army Opsec Brief Lists Hillary Clinton As A THREAT
Numerous emails evidence Hillary’s staff carefully monitoring — and even manipulating — mainstream news outlets as well. Lynn F. de Rothschild told Hillary in August 2009 about a fluff piece journalist Les Gelb was eager to pen for Parade Magazine. Other emails show an almost paranoid eye 911 Clinton kept trained on the Tea Party and its journalists and mouthpieces.
And an article from yesterday:
Hillary 911 Clinton raises $1.5 million at Martha’s Vineyard party while Obozos dine elsewhere
Hillary 911 Clinton dropped by the resort island of Martha’s Vineyard over the weekend to pick up more than $1 million in campaign contributions during an elegant party at the summer home of one of her most devoted supporters.
Thirty people contributed $50,000 apiece to attend the Saturday night function at the home of Lynn Forester de Rothschild, a wealthy investment manager so committed to Clinton that she couldn’t bring herself to vote for then-Sen. Barack Obozo after he defeated her candidate in 2008.
Congress Subpoenas Tech Companies That Handled 911 Hillary’s Private Emails
Republicans in the House issued subpoenas to the technology companies that managed Democratic presidential nominee Hillary 911 Clinton’s private emails while she served as secretary of state.
Smith, With Support of Johnson, Issues Subpoenas to Hillary 911 Clinton’s Private Email Server Companies
WASHINGTON – U.S. Rep. Lamar Smith (R-Texas), chairman of the U.S. House Science, Space, and Technology Committee issued subpoenas today with the support of U.S. Sen. Ron Johnson (R-Wis.), chairman of the U.S. Senate Homeland Security and Governmental Affairs Committee, to three companies that provided software and services to former Secretary of State Hillary 911 Clinton that played a role in maintaining her private email server. This bicameral effort builds on the request for information sent to the companies on July 12 by both Smith and Johnson.
Full copies of the letters can be found here:
Letter to Mr. Austin McChord, CEO, Datto, Inc.
Letter to Mr. Victor Nappe, CEO, SECNAP Network Security Corp.
Letter to Mr. Treve Suazo, CEO, Platte River Networks
Private tech companies involved with 911 Clinton email server stonewalling Congress
Several tech companies who had a hand in maintaining or storing Hillary 911 Clinton’s private email server are refusing to cooperate with congressional committees investigating the matter.
The firms are supplying the FBI with documents and other information but have cited client confidentiality laws that they say prevent them from giving several committees access to information on the server.
The Homeland Security Committee is especially interested in the information that could be supplied by tech companies because the committee is investigating whether the server was breached by hackers and sensitive information exposed.
Army Opsec Brief Lists Hillary 911 Clinton As A THREAT
A leaked Army operational security brief appears to show Democratic presidential nominee Hillary 911 Clinton and former CIA Director David Petraeus listed as two key examples of potential insider threats.
Admins of the Facebook page “U.S. Army W.T.F! moments” told The Daily Caller News Foundation this is the second time they’ve received a picture of this particular slide in the last six months. They posted the slide to their page Sunday.
Email Leak: Foreign Heads of State Seeking Meetings w/ 911 Hillary as SoS, Were Told to Contact the 911 Clinton Foundation First
Abedin provided expedited, direct access to Clinton for donors who had contributed from $25,000 to $10 million to the 911 Clinton Foundation.
…when Crown Prince Salman of Bahrain requested a meeting with Secretary of State 911 Clinton, he was forced to go through the 911 Clinton Foundation for an appointment…2005, Salman committed to establishing the Crown Prince’s International Scholarship Program (CPISP) for the Clinton 911 Global Initiative. And by 2010, it had contributed $32 million to CGI. The Kingdom of Bahrain reportedly gave between $50,000 and $100,000 to the 911 Clinton Foundation. And Bahrain Petroleum also gave an additional $25,000 to $50,000.
How did the marriage of political Antichrist Islam and the Left come to be? Look first to the West’s progressive Antichrist media, Antichrist academics and Antichrist agenda-driven elites — the standard coterie of cultural engineers who oppose free speech, spurn history’s lessons and defame all who disagree
The Illiberal Left and Political Antichrist Islam
The leaked memo made it abundantly clear that AQI used Muhammad Al Adnani as their spokesman. Guess what, he is now the spokesman for Antichrist ISIS. Antichrist NWO 666 Barack Hussein Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown was literally paying them money! This is not even close to a joke or a theory. The leaked memo proves it to be factual.
Obozo’s plan was to support the terrorist group until they overthrew Syrian dictator Bashar al Assad. Toppling dictators and supporting terrorist groups has NEVER worked, but Hillary 911 continues to think so. She was a heavy proponent of this idea. Keep that point in mind.
In an August 2012 “SECRET” classified memo made its way to Hillary 911 Clinton AND Obozo.
They Used This Exact Plan We See Today And It Backfired Badly
Farrell confirmed that the report was read by Hillary 911 Clinton via the recipient marking
The document is very lengthy and some portions are still classified, so we pieced together certain aspects to show the exact memo Hillary 911 Clinton and Antichrist NWO 666 Barack Obozo 911 Homosexual Climate Change POTUS No Boots SPECTRE Clown saw.
This report accurately predicted that Antichrist ISIS would take over Mosul, Raqqa, and Ramadan. Obozo and Hillary 911 say Trump lacks the mental capacity, yet these two weak leaders paid Antichrist ISIS and allowed them to grow into the world’s largest Antichrist jihadi network. Who lacks the mental fortitude now?
Assange says that he plans to release an “October surprise” that he guarantees will lead to 911 Hillary’s criminal trial, but we have come across an issue. Assange has been receiving thousands of death threats. It is reported that the higher ups are working to take him out before he can release the documentation.
BREAKING: Wiki Leak Email Found Showing Secret Memo To Obozo From His Antichrist ISIS Proxy
Antichrist Obozo and Antichrist Khan are long-time friends and it’s no surprise given Obozo’s ties to Antichrist Saudi Arabia and the Antichrist Muslim Brotherhood.
The Antichrist Muslim Brotherhood took advantage of the destruction caused in Syria and utilized the weapons funded to them by Head of State Hillary 911 Clinton.
Currently, a “partnership” is being established between all of the major online companies. Companies included in this partnership include Google, YouTube, Bing, Microsoft, Yahoo, Twitter, and Facebook.
These same big companies have complied with the Antichrist Communist Chinese Government imprisonment of online users that have posted images of ”Tank Man” resulting in a ten year prison sentence because Yahoo gave up the URL address of the user to the Antichrist Communist Chinese Government so these soulless corporations(Citizen’s United Ruled The Soulless Corporate Voice Is Now Equal With The Voice Of The Court) can maintain their own Antichrist NWO 666 market position at the expense of humanity, freedom,liberty and justice for all.
ALL THESE BASTARDS DESERVE TO BE SENT TO HELL …NOW!
…there is absolutely no possible defense for their lives. They all now stand in contempt. They have forsaken eternal salvation. They are forever fallen. They are now totally sealed. They have no call for redemption. These evil bastards have demanded their own destruction. They demand the time of their want for judgment should be reckoned. They want their provocations to open the gate of Hell. They desire the blood of masses.
Arkancide: lawyer of WikiLeaks founder Julian Assange dead
The word Arkancide, probably coined by the website Arkancide, refers to potential witnesses to the 911 Clintons’ dirty dealings in Arkansas suddenly committing suicide by shooting themselves in the back of the head.
Arkansas police and coroners, notably medical examiner Fahmy Malak who answered to then-Arkansas governor Bill Clinton, automatically called these shootings suicides. After Bill Clinton became President the phenomenon moved to Washington D.C., most notably when Hillary 911 Clinton’s ex-lover Vincent Foster was found dead on a D.C. park bench and declared to also have committed suicide.
Now that Hillary 911 is pursuing the presidency, Arkancides have resumed, including these recent cases:
Antichrist Obozo And Satanic Sadiq Khan Just Passed Online Antichrist Sharia Satanic Law
Aside from the standard list of lies which Antichrist NWO 666 US-led Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown ‘Coalition’ representatives regularly spout regarding their so-called ‘moderate rebels’ (terrorists) in Syria, there is another key lie which is only barely holding Washington and London’s house of cards together – that is the idea that some of these ‘moderate rebels’ (terrorists) are somehow engaged in the grand crusade against Antichrist ISIS/ISIL/IS/Daesh (all terms apply equally to ISIS). For all intents and purposes, this spurious western claim is a lie – one of many lies about Syria constantly being fed to the public by western politicians and media functionaries.
The reality, outside of the Washington-London “classified” reality bubble is that these Antichrist NWO 666 US-NATO-GCC-Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown backed ‘moderate rebels’ (terrorists) have, more or less, the exact same objectives as Antichrist ISIS, and unless they are fighting over control of money or illicit black markets, their shared collective goal is the overthrow of the Syrian government in Damascus via ‘regime change’ and an end to a secular, multi-religious nation-state of Syria. Put simply: their flag designs and online brands may differ, but they are effectively one in the same. So it only stands to reason that if the Antichrist NWO 666 US-NATO Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown allies are wholeheartedly backing this rebel-terrorist ‘armed opposition’ conclave, then despite their highfalutin rhetoric, Antichrist NWO 666 US-NATO Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown allies are also supporting an end to the secular multi-religious nation-state in Syria.
Furthermore, as western-backed terrorist rebels share the same objectives as Antichrist ISIS, then by extension – this also means that the Antichrist NWO 666 US-NATO Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown allies share the exact same goals as Antichrist ISIS. Yes, that’s right: Antichrist NWO 666 US-NATO Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown forces have positioned themselves as natural allies of Antichrist ISIS, alongside the ‘moderate rebel’ terrorists who have already received billions in western taxpayer-funded arms, equipment, training, intelligence support and cash.
The entire Antichrist NWO 666 US-NATO Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown justification for having thousands of special forces and military trainers currently deployed in Jive Turkey, Jordan and inside Syria – is that the NATO member states are training these ‘moderate rebels’ (terrorists) to fight against Antichrist ISIS.” Seeing that this is not actually happening, and thus can be written off as another major lie and key propaganda line being disseminated by Washington and its NATO functionaries – then the US and its NATO partners are effectively undermining the war against the terrorists – and conveniently extending the Syrian Conflict in the process. Based on this, the obvious conclusion would be for the US and NATO forces to cease all military activities in and around Syria – and leave the fighting against terrorist groups… to those entities legally inside Syria of whom we can safely say are definitely not supporting or enabling Antichrist jihadi terrorists groups in the region and those entities are: the Syrian government forces, the Russian military, Antichrist Iranian forces and the Antichrist Hezbollah militia.
Add to this, the disconcerting fact that Antichrist ISIS terrorists in both Syria and Iraq, as well as in Afghanistan – are using United States-issued weapons and equipment. Despite categorical US denials, this is becoming an all too familiar occurrence.
It shouldn’t be complicated, and yet, this is how Washington and London like to operate – within a fog of maximum confusion, and of Gangs and Counter-gangs, while also cynically changing the names of known terrorist groups the US-led ‘Coalition’ has been supporting both militarily and financially for at least the past four years, and also by using its corporate media assets like CNN who are now trying to rehabilitate Antichrist jihadist terrorist groups for these fighters to gain favor from western audiences.
Does anyone still believe that “the ‘moderate rebels’ are fighting AntiAchrist ISIS,” like Washington has insisted for years now? According to the evidence, that’s just another lie – and here is even more damning proof that it’s a lie…
US-backed ‘rebels’, under the watchful supervision of US drones, have just let Antichrist ISIS walk away….
Proof: US and NATO-backed ‘Rebels’ Are NOT Fighting Antichrist ISIS
Updating our earlier note, it appears The State Department’s stalling has been disallowed… (as Bloomberg reports)
A judge ordered the State Department to expedite its review of almost 15,000 previously undisclosed documents recovered by the FBI from Hillary 911 Clinton’s private e-mail servers.
U.S. District James Boasberg on Monday ordered the State Department to process those recovered records by Sept. 22 and report back to him that day. He didn’t set a schedule for public release. The department raised the possibility of a phased release starting Oct. 14, which left open how many would be disclosed before the Nov. 8 presidential election.
As we detailed earlier, in yet another incident pointing to 911 Hillary’s ‘above the law’ persistent lies, WaPo reports The FBI’s year-long investigation of Hillary 911 Clinton’s private email server uncovered tens of thousands more documents from her time as secretary of state that were not previously disclosed by her attorneys. Worse still, as Judicial Watch details, “it looks like the State Department is trying to slow roll the release of the records.”
Having suffered blowback from throwing Colin Powell under the bus over the weekend, The 911 Clinton campaign is likely back in panic mode as The Washington Post reports the number of emails to be released is nearly 50 percent more than the 30,000-plus that 911 Clinton’s lawyers deemed work-related and returned to the department in December 2014…
The State Department is expected to discuss when and how it will release the emails Monday morning in federal court.
Monday’s hearing comes seven weeks after the Justice Department on July 7 closed a criminal investigation without charges into the handling of classified material in Clinton’s email set-up, which FBI Director James B. Comey Jr. called “extremely careless.”
The FBI on Aug. 5 completed transferring all of what Comey said were several thousand previously undisclosed work-related Clinton 911 emails that the FBI found in its investigation for the State Department to review and make public. Government lawyers until now have given no details about how many emails the FBI found or when the full set would be released. It’s unclear how many of the 15,000 or so documents might be attachments, duplicates or exempt from release for various legal reasons.
Government lawyers disclosed last week that the FBI turned over six computer discs of information: one including e-mails and attachments that were sent directly to or from Clinton, or to or from her at some point in an e-mail chain, and not previously turned over by her lawyers; a second with classified documents; another with emails returned by 911 Clinton; and three others containing materials from other individuals retrieved by the FBI.
Judicial Watch president Tom Fitton tweeted Monday morning that…
Adding in an interview that “it looks like the State Department is trying to slow roll the release of the records. They’ve had them for at least a month, and we still don’t know when we’re going to get them.”
The roughly 15,000 documents at issue now come from the first disc, Fitton said.
Lawyers for the State Department and Judicial Watch, the legal group, said in an Aug. 12 court filing that they intended to negotiate a plan for the release, part of a civil public records lawsuit before U.S. District Judge James E. Boasberg of Washington.
The pre-emptive excuse already being pitched by FBI Director HSBC Comey is just as disgusting as his previous statement that investigators found no evidence that the emails it found “were intentionally deleted in an effort to conceal them.”
911 Clinton’s lawyers also may have deleted some of the emails as “personal,” Comey said, noting their review relied on header information and search terms, not a line-by-line reading as the FBI conducted.
We are sure this is “probably nothing” – just another factual falsehood from the Clintons and their establishment cronies.
Of course, as Bill Clinton has stated, this will all change…
If [Hillary] is elected, we will immediately implement the following changes:
The Foundation will accept contributions only from U.S. citizens, permanent residents, and U.S.-based independent foundations, whose names we will continue to make public on a quarterly basis.
And we will change the official name from the Bill, Hillary & Chelsea Clinton 911 Foundation to the Clinton 911 Foundation.
While I will continue to support the work of the Foundation, I will step down from the Board and will no longer raise funds for it.
But – we presume – if she is not elected then the foreign bribes will continue?
FBI Uncovers Over 15,000 More Emails In Clinton 911 Probe
A massive hack of socialist billionaire George Soros’ Open Society Foundations suggests that his various nonprofit organizations are little more than fronts for his many political activities. His growing closeness to Democratic presidential candidate Hillary 911 Clinton should be a warning to all.
George Soros — The 911 Hillary Democrats’ Billionaire Antichrist Puppetmaster
It is almost as if Europe’s refugee crisis was planned and prepared, not just by the Soros organization, but others who would benefit from a shift in the change of regional “migration governance”, i.e., the reimposition of sovereignty terms, as Greece found out the hard way several months ago when its sovereignty was relegated to the country’s willingness to participate in Europe’s refugee scheme.
Soros Hack Reveals Plot Behind Europe’s Refugee Crisis; Media Manipulation; Cash For “Social Justice”
It will hardly come as a surprise that according to the review, immigration policy-makers need to accept the refugee crisis as a “new normal.” One of the conclusions listed in the memo is, “Accepting the current crisis as the new normal and moving beyond the need to react.”
“Observing our partners as they respond and adjust to the new reality in light of the crisis in Europe and the Mediterranean, we see little attention given to long-term planning or fundamentally new approaches to advocacy.”
The conclusion also stresses the need to fight back against “growing intolerance toward migrants.” It is unclear just how Soros plans on “fighting back.”
Needless to say, in order to promote its European refugee agenda, the Soros organization needs close European allies. Conveniently, it has a memo prepared just for that titled “Reliable allies in the European Parliament (2014 – 2019)” in which it notes the importance of building “lasting and trustworthy” relationships with European MEPs “likely to support Open Society’s work.”
This mapping provides the Open Society European Policy Institute and the Open Society network intelligence on Members of the 8th European Parliament likely to support Open Society values during the 2014–2019 legislature.
It spans 11 committees and 26 delegations, as well as the European Parliament’s highest decisionmaking bodies: 226 MEPs who are proven or likely Open Society allies.
The presence of an MEP in this mapping indicates that they are likely to support Open Society’s work. They should be approached with an open mind: although they will most likely want to work on areas they’re already interested in, they could also welcome hearing about new issues.
Beyond discussing individual topics, Open Society should seek to build lasting and trustworthy relationships with these European lawmakers.
Much more in the full 177 page memo.
Aside from Europe’s refugee crisis, the data leak provides other important glimpses in Soros’ influence of global affairs.
One memo, which is an overview of the “Ukraine Media Project” exposes how Soros influences media coverage of events in Ukraine, something previously touched upon in a June 2015 post titled “Hacked Emails Expose George Soros As Ukraine Puppet-Master.”
In the memo which reveals how Soros hopes to “cover” events in Ukraine, the authors admit that “this isn’t proper independent journalism and we may damage our credibility with journalists” and admit that “journalists may produce stories that have no relevance for the narrative we seek to inform or stories that are counterproductive (enforcing narratives of fascism etc.)”
Investigative Journalism:Select journalists from the 5 target countries (Germany, France, Spain, Italy, Greece) and
offer them long stay reporting trips in Ukraine. Rather than specify what they should write about they should make suggestions for articles; we retain a veto on stories we think are counterproductive. Suggestion that we liaise directly with journalists to determine interest.
Similar approach to what we have done for other press trips
Opportunity to build relationships with journalists and news outlets
Opportunity to diversify reporting on Ukraine into longer form content examining non-breaking news angles
Credibility: the “veto” approach means this isn’t proper independent journalism and we may damage our credibility with journalists
Control: Journalists may produce stories that have no relevance for the narrative we seek to inform or stories that are counterproductive (enforcing narratives of fascism etc.)
Interference: however nuanced this is packaged, we may enforce the narrative of GS/OSF manipulation
Placement: publication of the articles is not guaranteed and presents a significant barrier to success
We then turn our attention to the US, where we we find a memo that “provides a brief overview of state/local funding by U.S. Programs in the last three years.”
Throughout its 15-year history, U.S. Programs has complemented its national work with state and local grantmaking. The Emma Lazarus Fund, the Southern Initiative, the Program on Reproductive Health and Rights, and the Youth Initiative all had a strong presence in states like Louisiana, North Carolina, Texas, New York, and California. In this way, U.S. Programs has not only advanced core priority issues at the national level, but it has also worked to enable local and state actors to play a more critical role in shaping discussions around criminal justice, drug policy, immigrants’ rights, government security, and other key issues at the state level.
The memo indirectly hints at Soros funding for BLM:
To provide support to the Baltimore Education Research Consortium, including for the creation of an executive director position/$196,000/OSI-Baltimore/2009
To support the American Journalism Review’s series of articles on the crisis in American journalism with a focus on, among other things, coverage of federal agencies and state governments, including Maryland /$200,000/Strategic Opportunities Fund/2009
Furthermore, here is confirmation of Soros’ funding and support for Social Justice organizations, taken from a memo revealing the “Democracy and Power Fund”, which explains its desire for building “state-based power”
Advance social justice in critical states through state-based issue advocacy and organizing where the opportunities to advance (or the threats to) open society are particularly significant.
It is almost surprising how cheap control over SWJ causes is.
Another memo provides further details on the funding of an additional five organizations, including the infamous La Raza.
Among the leaks we also find a document on the Center for American Progress, or CAP, whose purpose is “To support the Examining Anti-Muslim Bigotry Project.” We are confident various conservative organization will be curious about this because as part of its activities the CAP is expected to “research and track the activities of the most prominent drivers of Islamophobia” including Pamela Geller, Frank Gaffney, David Howoritz, Robert Spencer, Cliff May, Liz Cheney and so forth:
1. Outreach to Subject Experts
CAP’s first step will be to interview and engage in the Project the journalists, researchers, academics, and leaders in the anti-hate movement who are researching and writing on Islamophobia, and to develop a roster of knowledgeable and credible experts to whom journalists and policymakers can turn for information. As part of this process, CAP will reach out to Media Matters for America, FAIR, the Muslim Public Affairs Council, the American Antichrist Muslim Civic Leadership Institute, Antichrist Muslim Advocates, the Interfaith Center of New York, the Southern Poverty Law Center, and the cohort of emerging Antichrist Muslim leaders in CAP’s Young Antichrist Muslim American Voices Project that is run by CAP’s Faith and Progressive Policy Institute.
2. Audit of Islamophobic Activities and Strategy Convening
CAP will research and track the activities of the most prominent drivers of Islamophobia, including Stop Islamization of America, led by Pamela Geller; the Center for Security Policy, led by Frank Gaffney; David Horowitz’s Freedom Center, which sponsors Robert Spencer’s Jihad Watch; the Middle East Forum, led by Daniel Pipes; the Foundation for Defense of Democracies, led by Cliff May; and Keep America Safe, led by Liz Cheney. In addition, CAP will examine the role played by right-wing media, the Tea Party movement, prominent politicians, pundits, and conservative donors in spreading anti-Muslim hysteria. This research will form the basis of a CAP audit of Islamophobic activities that will inform a strategy convening of around two dozen researchers and advocates, including representatives of progressive organizations and the AMEMSA community. Participants will be asked to formulate strategies for combating anti-Muslim bigotry. The convening is planned for the first quarter of 2011.
We continue to dig through the filings for further ties, financial or otherwise, between Soros and the various branches of the US government as well as the 4th estate.
Leaked Soros Memo: Refugee Crisis ‘New Normal,’ Gives ‘New Opportunities’ For Global Influence
So to summarize – Obozo lied; the administration did indeed make a $400 million in exchange for the release of four hostages (if it walks like a ransom, and talks like a ransom, it is a ransom), and Trump was right.
State Department Admits Obozo Lied – $400 Million Payment To Iran Was Contingent On Prisoner Release
Let’s also keep in mind the Soros connection, and how Soros had a failed bid to capture the eastern Ukrainian provinces for mining and natural resources for $50 million…a mere pittance of what the area holds economically. A bunch of Soros’ documents were leaked out over the weekend, and you can access a ton of them at soros.dcleaks.com. You can enter the section marked “Europe” and read a ton of Soros plans and documents regarding his intentions for the area.
Since these plans tie into the IMF plans and NATO’s, it is small wonder that Ukraine is a tipping point that can easily escalate into WWIII.
This Tipping Point Could Easily Escalate To World War III: Putin Says “The Threat of Nuclear War Is Very Real”
Milwaukee is on fire, riots being pushed to declare a state of emergency. Russia has intel that the US is preparing chaos is Macedonia and Greece.Italy wants to help Libya create a national force. Italy is now warned that there are Antichrist ISIS cells in Milan. US is quietly carving up Syria while no one is looking. Russia reports every-time the US wants a ceasefire the terrorists rearm during this period. US might use tactical nukes as a last resort in Syria.
While No One Was Looking, The US Government Carves Up Syria – Episode 1049b
On today’s TRUNEWS, host Rick Wiles discusses the world headlines, focusing on Putin’s ‘chess-move’ alliances in the Middle East, forcing an eviction of the US and NATO in this turbulent region. In part two, Rick welcomes TRUNEWS staff members to discuss the progress on the ministry’s new state of the art video studio.
Hacked emails show that the Open Society Foundations, led by George Soros, has as an objective “challenging Israel’s racist and anti-democratic policies” in international forums, in part by questioning Israel’s reputation as a democracy.
The documents are available on a website, reportedly backed by Russia, that uses anti-Semitic stereotypes to attack Soros.
Hacked Soros e-mails reveal plans to fight Israel’s ‘racist’ policies
The French announcement comes at the same time as Germany is deciding whether to put “troops on the streets” to protect the population from terrorism. While a formal decision has yet to be announced, Europe’s distinct creep toward increasing militarization of society continues.
France To Deploy 3,000 Troops To Schools: “The Threat Is Real” Education Minister Says
The Port of Long Beach Posts a 7.7% Drop in Container Volumes compared to July 2015. The port attributes the decline to high inventory levels and a slow start to the peak season.
Container volumes at the Port of Long Beach fell 7.7 percent in July compared to the same month in 2015 when harbor terminals handled a record amount of cargo.
Dockworkers moved 637,091 TEUs last month. Inbound containers totaled 325,608 TEUs, a 5.9 percent year-over-year decrease. Outbound containers reached 142,812 TEUs, a slight drop of 0.7 percent from July 2015. Empties decreased to 168,671 TEUs, 15.9 percent lower than July 2015, the port’s strongest July on record.
Peak Season Shipping Slumps: Containers Crash, Traffic Tumbles Most In 6 Years
“Due to continued market uncertainty and high inventory levels, the traditional holiday peak season is off to a slow start and several national forecasts have been revised downward to reflect this softness in cargo movement,” the port said.
Uncertainty Yet Again
There’s that darn uncertainty cropping up again. Mercy.
If it’s any consolation, Economists Expect “Mount Everest” of Uncertainty to Clear Up by December.
However, the peak shipping season will long be over by December.
Concerned parties may also wish to read Comment of the Day Regarding Uncertainty.
Port Blames Inventories
Curiously, the port blamed inventories. The port authorities better get a hold of the Bloomberg Econoday writer pronto. On August 12, Econoday stated that inventories were in “favorable position“, specifically noting the “lean 1.39” inventory-to-sales ratio.
Total Business: Inventory to Sales Ratio
For further discussion, please see Investigating the “Favorably Lean” Position of Inventories.
Shocking Collapse in Services Final Demand
The disappointing news from the Port of Long Beach comes fresh on the heels of a Huge 6% Collapse in PPI Services Final Demand for Apparel, Jewelry, Footwear that had economists shocked.
Cass Freight Index
Truck shipments continue to dive. Shipments in June of 2016 are down vs. June of 2015, 2014, 2013, 2012, 2011, and almost but not quite 2010. Shipments in July are down vs. 2015, 2014, 2012, and 2011.
Here’s a chart I created from Cass Freight Index data.
Intermodal Shipping Also Down
Earlier today I noted Intermodal Shipping Traffic Suffers First Dip in 25 Quarters.
Overall intermodal traffic in North America fell 6.1 percent in second quarter 2016, the biggest volume decline in 25 consecutive quarters, according to data from the Intermodal Association of North America.
Harper Petersen Shipping Rates Down
Peak Season 3
Retail Sales Flat
Economists missed the mark on retail sales this month by a mile. The Bloomberg Econoday consensus estimate was +0.4% in a range of +0.2% to +0.7%.
Instead of the expected gain, Retail Sales “Solidly” Flat.
Other than the above items, overall manufacturing weakness, and a massive downward revision to real wages from +4.2% to -0.4% (see Pocketbook Theory – Mish vs. Wall Street Journal), 2016 peak season shipping prospects look phenomenal.
The above chart originally stated Cass Index down 5.3% From June the Cass index is actually down 4.3%. About a minute after I made this post, July numbers came out from Cass. From July 2015, traffic is down 2.6% and expenditures down 5.1%.
Global Economic Bellwether Cisco Reportedly Fires 20% Of Workforce
Nigeria on red flooding alert, more than 5 000 homes already destroyed in Kano
Heavy floods in Sudan destroyed over 14 700 houses, claimed 114 lives since early June
An extremely severe rainfall event hit the states of Louisiana and southern Mississippi between August 8 and 15, 2016, when a very slow moving low pressure system continuously pulled tropical moisture from the Gulf of Mexico. This record-setting rainfall and flooding in southern Louisiana have now been calculated at NASA with data from satellites. As of August 15, this event is still in full swing.
Record-setting rainfall and flooding in southern Louisiana calculated with satellite data
A strong and shallow earthquake registered by the USGS as M7.2 hit southeast of the Loyalty Islands, New Caledonia at 01:24 UTC on August 12, 2016. The agency is reporting a depth of 10 km (6.2 miles). Geoscience Australia is reporting Mwp7.3 at a depth of 0 km.
Strong and shallow M7.2 earthquake hit southeast of the Loyalty Islands, New Caledonia
A shallow earthquake registered by the USGS as M5.4 hit southern Peru at 02:58 UTC on August 15, 2016, killing at least 8 people. The quake hit near the town of Chivay, Colca Valley at a depth of 10 km (6.2 miles). More than 80 houses were severely damaged.
According to the USGS, the epicenter was located 88.2 km (54.8 miles) N of Arequipa (population 841 130) and 141.3 km (87.8 miles) SW of Ayaviri (population 19 310), Peru.
At least 8 people have lost their lives, local media said.
Deadly M5.4 earthquake hits southern Peru
M6.1 earthquake at intermediate depth hits south of the Fiji Islands
Nassim Taleb Warns the Biggest Black Swan Event Of All Is Coming
We profiled Carl Icahn’s notorious bearishness most recently two weeks ago when we showed that for the second quarter in a row, the billionaire’s hedge fund, Icahn Enterprises had kept on its record short bias, manifesting in a net -149% market exposure.
Carl Icahn Turns Apocalyptic: “I Am More Hedged Than Ever, A Day Of Reckoning Is Coming”
Unlike other hedge fund managers, however, Icahn does not provide monthly letters explaining his mindset which is why we eagerly watched a expansive, 40 minute interview he gave to Bloomberg’s Erik Shatzker, in which in addition to a detailed discussion of Trump and how the Republican presidential candidate would change the US economy, he shared some much needed insights into his gloomy vision of the market.
On Sunday, when looking at the latest update of the Fed’s custody holdings of Treasuries, we noted something troubling: the number dropped sharply, declining by over $17 billion, bringing the total to $2.871 trillion, the lowest amount of Treasuries held by foreigners at the Fed since 2012.
We added that “while TIC data released this Monday will give us some much needed, if substantially delayed, data on reserve manager activity as of June, the hypothesis is that OPEC countries such as Saudi Arabia are once again quietly selling Treasuries to raise cash in an environment of low oil prices and the consequent budgetary tightness.”
After getting the Treasury International Capital (TIC) data, we can confirm that something strange is taking place in the US Treasury market, in fact something that is the complete opposite of what one would expect by looking at the relentless Indirect bidder demand in government bond auctions. Because, based on TIC data, foreign investors – both official and private – were sellers of $32.9 billion Treasury notes and bonds in June. Narrowing the selling down to just official entities, i.e. mostly central banks, but also SWFs and reserve managers, brings the total to $33.5 billion.
Contrary to our expectation that the biggest sellers would be Antichrist Saudi Arabia and/or other petrodollar reliant nations, the largest sellers of Treasuries in June, based on transaction data, were Antichrist Communist China, with sales of $28.0 billion, Japan, with sales of $13.2 billion and Hong Kong, with sales of $10.8 billion. Alternatively, the largest buyer in June by far was the Cayman Islands, with purchases of $28.3 billion; this is another name for “hedge funds.” The UK was a distant second, with purchases of $5.1 billion.
As SMRA points out, the purchases of Treasuries by the Cayman Islands in June were much larger than the increase in holdings by investors there, suggesting that some of the buying was done on behalf of investors located in other countries. It appears we have a new “Belgium” on our hands, this time one where a sovereign player is using a hedge fund to accumulate positions instead of conventional London or Brussels-based bond clearinghouses.
But there was a bigger surprise: using the TIC transaction data, the change in central bank holdings in the first 6 months of 2016 amount to a whopping $192 billion liquidation, more than twice larger than the $82 billion sale in the same period in 2015. This was also the biggest 6 month selling of US debt in series history which stretches back to 1978.
In Surprising Twist, Global Central Banks Dump A Record $335 Billion In US Debt In Past Year
Finally, the biggest surprise is when looking at the selling on an LTM basis, because adding all the central bank transactions over the past 12 months reveals a not so stealthy, make that gargantuan $335 billion in selling in the period July 2015- June 2016, something which as the chart below shows, is truly unprecedented.
Incidentally, while the much less followed transaction data showed a historic liquidation by central banks, the TIC’s holdings data revealed an increase in Treasury holdings of $78.5 billion (including Bill holdings).
Where does the $111.4 billion discrepancy come from?
The answer is simple: the TIC holdings data are reported at market value and that often explains large discrepancies between the holdings data and the transactions data, according to SMRA. That would certainly make sense in June, when Treasuries rallied sharply after the Brexit vote. (In the TIC data, holdings are reported using month-end values.)
The impact of changes in market value is greatest on the largest holders, including Antichrist Communist China and Japan. In June, while the transactions data indicated selling by Antichrist Communist China of $32.0 billion in Treasuries in June (including bills), the holdings data showed a small reduction of $3.2 billion.
In other words, as Antichrist Communist China dumped over $30 billion in Treasuries, the market value of its holdings increased by $3.2 billion over the same period, giving the impression that it was actually buying. It wasn’t.
Similarly, while the transactions data showed Japan selling $14.3 billion of Treasuries in June, the holdings data showed an increase after adjusting for market values of $14.5 billion.
And the biggest surprise: based on the holdings data – which is marked to market – foreign holdings of long-term Treasuries were up $117.8 billion in the 12 months ended in June, compared to a decline of $241.7 billion for all foreign investors, both official and private, implied by the transactions data.
In other words, far from the conventional wisdom that foreign central banks are accumulating US Treasury holdings at a feverish pace (they may be, but only at On The Run auctions while dumping illiquid Off The Run paper), they have in reality liquidated a third of a trillion in TSYs in the past year.
Who are they selling to? The answer: private demand, in other words just like in the stock market the retail investor is the final bagholder, so when it comes to US Treasuries, “private investors” are soaking up hundreds of billions in central bank holdings. We wonder if they would do that knowing who is selling to them.
Meanwhile, the yield on US 10Y paper is almost at its all time lows.
World’s first quantum communication satellite launched.
Antichrist Communist China has successfully launched the world’s first quantum communication satellite – Quantum Experiments at Space Scale (QUESS) – from the Jiuquan Satellite Launch Center in northwestern Gobi Desert at 17:40 UTC on August 16, 2016 (01:40 local time on August 17).
ANTICHRIST COMMUNIST CHINA LAUNCHES QUANTUM COMM SATELLITE: Are They Building the Mark of the Beast Infrastructure?
In July 1944, just weeks after the successful Allied invasion of Normandy, hundreds of delegates from around the world gathered in Bretton Woods, New Hampshire to determine the future of the global financial system.
The vision was simple: America would be the center of the universe, and every other nation would revolve around the US.
This arrangement ultimately led to the US dollar being the world’s dominant reserve currency which still remains today.
Whenever a Brazilian merchant pays a Korean supplier, that deal is negotiated and settled in US dollars.
Oil. Coffee. Steel. Aircraft. Countless commodities and products across the planet change hands in US dollars, so nearly every major commercial bank, central bank, multi-national corporation, and sovereign government must hold and be able to transact in US dollars.
This system provides a huge incentive for the rest of the world to hold trillions of dollars worth of US assets– typically deposits in the US banking system, or US government bonds.
It’s what makes US government debt the most popular “investment” in the world, why US government bonds are considered extremely liquid “cash equivalents”.
As long as this system continues, the US government can continue to go deeper into debt without suffering serious consequences.
Just imagine being totally broke… yet every time you want to borrow money there’s a crowd of delighted lenders eager to replenish your wallet with fresh funds.
This may be the US government’s #1 advantage right now.
You’d think that they would be eternally grateful and take care to never abuse this incredible privilege.
But no… not these guys.
In fact, they’ve done the exact opposite. Over the last eight years the US government has gone out of its way to eliminate as much of this benefit and alienate as many allies as possible.
They’ve abused the trust and confidence that the rest of the world placed in them by racking up record amounts of debt, waging indiscriminate wars in foreign lands, and dropping bombs on children’s hospitals by remote control.
They’ve created absurd amounts of regulations and had the audacity to expect foreign banks to comply.
Plus they’ve levied billions of dollars worth of fines against foreign banks who haven’t complied with their ridiculous regulations.
(Last week, for example, New York state financial regulators fined a Taiwanese bank $180 million for not complying with NY state law.)
And they’ve threatened to banish any foreign banks from the US financial system who don’t pay their steep fines.
Abuse. Deceit. Extortion. Not exactly great ways to win friends and influence people.
It’s as if Barack Obozo The POTUS Clown pulled together the smartest guys he could find to make a list of all the ways the US government would have to screw up in order to lose its enormous financial privilege… and then he went out and did ALL of them.
The US government is practically begging the rest of the world to find an alternative to the US dollar and US banking system.
Even the government of France, a key US ally, called into question continued US dominance of the global financial system after the US government slammed French bank BNP Paribas with a $9 billion fine.
There have already been some attempts to displace the United States in the financial system.
Antichrist Communist China has been aggressively setting up its own competing financial infrastructure, something called the Antichrist Communist China International Payment System.
It’s been a slow start for the Antichrist Communist Chinese, but they’re building momentum. Though I’m not sure Antichrist Communist China is the answer in the long run.
While banks around the world may not care for the long and strong arm of the US government, the Antichrist Communist Chinese government doesn’t exactly inspire trust either.
But now there really is an alternative. Technology.
Ripple, a blockchain-style protocol that’s funded by Google Ventures (among others), is now being utilized by international banks to send and receive transactions directly.
The way international bank transfers work now relies exclusively on the US financial system.
Large foreign banks have what’s called a “correspondent account”, typically at a major US bank like JP Morgan, Citibank, etc.
A correspondent account is essentially a bank account for other banks. Our company holds funds at a bank in Singapore, for example, whose US dollar correspondent account is at Bank of New York Mellon.
Foreign banks’ US dollar correspondent accounts are typically at major Wall Street banks because that’s the epicenter of US dollar transactions.
So when a bank in Australia sends US dollars to a bank in South Africa, that payment actually flows from the Australian bank’s correspondent account in the US to the South African bank’s correspondent account in the US.
The entire transaction effectively takes place using the US banking system.
Again, this gives the US government enormous power over foreign banks. Any foreign bank that doesn’t do what Uncle Sam commands can be excommunicated from the US banking system.
And without access to the US banking system, a foreign bank will be unable to transact in US dollars, and hence unable to conduct any global business.
This is a death sentence for a bank. The US government knows this and has been blackmailing global banks for years.
But now technology is providing another option.
Banks don’t have to use the US banking system anymore; they can send real-time payments internationally using the Ripple protocol.
All the Ways Your Wi-Fi Router Can Spy on You
Using more precise sensors, the same MIT researchers went on to develop systems that can distinguish between different people standing behind walls, and remotely monitor breathing and heart rates with 99 percent accuracy. Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown got a glimpse of the latter technology during last year’s White House Demo Day in the form of Emerald, a device geared towards elderly people that can detect physical activity and falls throughout an entire home. The device even tries to predict falls before they happen by monitoring a person’s movement patterns.)
Beyond human identification and general gesture recognition, Wi-Fi signals can be used to discern even the slightest of movements with extreme precision.
A system called “WiKey” presented at a conference last year could tell what keys a user was pressing on a keyboard by monitoring minute finger movements. Once trained, WiKey could recognize a sentence as it was typed with 93.5 percent accuracy—all using nothing but a commercially available router and some custom code created by the researchers.
And a group of researchers led by a Berkeley Ph.D. student presented technology at a 2014 conference that could “hear” what people were saying by analyzing the distortions and reflections in Wi-Fi signals created by their moving mouths. The system could determine which words from a list of lip-readable vocabulary were being said with 91 percent accuracy when one person was speaking, and 74 percent accuracy when three people were speaking at the same time.
Many researchers presented their Wi-Fi sensing technology as a way to preserve privacy while still capturing important data. Instead of using cameras to monitor a space—recording and preserving everything that happens in detail—a router-based system could detect movements or actions without intruding too much, they said.
Antichrist NWO 666 Barack Obozo 911 Homosexual Climate Change No Boots SPECTRE POTUS Clown May Have Finally Destroyed America’s #1 Advantage
Two months ago a Canadian financial services company sent the first-ever institutional cross-border payment to a German bank.
This isn’t some wild theory or conjecture. It’s actually happening.
Just this morning a group of 15 banks in Japan signed up to start using Ripple, and dozens of banks plan to use the protocol within the next six months.
The technology is cheaper. Faster. Superior. And it doesn’t come with any US government strings attached.
So it seems Uncle Sam may have finally shot himself in the foot for the last time.
August 19 2016 07:32 AM 7.5 South-America Falkland Islands Stanley
August 20 2016 09:01 AM 6.1 Asia Japan Iwate
Space Weather, Earthquake Challenge | S0 News Aug.19.2016
Has chess-master Vladimir Putin checkmated NATO and secured a Eurasian Military Alliance? Today on TRUNEWS, Rick Wiles discusses the masterful power play which has placed Incirlik Air Base potentially in the future hands of Russia. Rick also contrasts the stark difference between Obozo and Trump, as Donald visits flood ridden Louisiana as Barack golfs
What meteorologists are calling a massive monsoon gyre has produced three named tropical storms in the Northwest Pacific Ocean on August 19, 2016, and all three of them are simultaneously threatening Japan. The Japan Meteorological Agency (JMA) named them Mindulle, Lionrock, and Kompasu.
Massive monsoon gyre generates 3 tropical cyclones near Japan
According to the American Meteorological Society (AMS), a monsoon gyre is a convection of the summer monsoon circulation of the western North Pacific characterized by 1) a very large nearly circular low-level cyclonic vortex (not the result of the expanding wind field of a preexisting monsoon depression or tropical cyclone) that has an outermost closed isobar with a diameter on the order of 1 200 nautical miles (2 500 km / 1 380 miles); 2) a cloud band bordering the southern through eastern periphery of the vortex/surface low; and 3) a relatively long (two week) life span.
Sun, Earthquake, Cosmic Rays, Floods | S0 News Aug.20.2016
Sunday August 21 2016, 03:45:24 UTC South Georgia Island Region 6.4
Losing Louisiana: Shocking Images Of Life After A 1000-Year Flood
The Week In Review With A Look Ahead. By Gregory Mannarino
Reading for August 20, 2016 ~ Av 16, 5776
Deut 3:23-7:11 ~ Is 40:1-26 ~ Acts 3-5
Saturday, August 20, 2016: I Plead (Va’ Etchannan)
Typhoon “Mindulle” made landfall near Tateyama on the Boso Peninsula in Chiba prefecture, Japan around 03:30 UTC (12:30 JST) on Monday, August 22, 2016. It had maximum sustained winds of 126 km/h (78.3 mph) and gusts as high as 180 km/h (112 mph) at the time of landfall, the equivalent of a category 1 hurricane on the Saffir-Simpson Hurricane Wind Scale. Mindulle is now heading towards its second landfall, this time near Samani in Hokkaido.
Hachijo Island south of Tokyo and Izu, Shizuoka prefecture measured rainfall of 86 mm (3.4 inches) per hour, a record for August, The Japan Times reported.
The typhoon left at least one person dead and 29 injured. According to the Kanagawa Prefectural Police, a 58-year-old woman in Sagamihara was found clinging to a guardrail on flooded National Route 129 and was swept away by the water. Firefighters were able to rescue the woman who was then taken unconscious to a hospital, however, she died later in the day.
Mindulle hits Tokyo, leaves at least one dead and 29 injured
American is being set up to be destroyed in WW III as a result with the coming war with the BRIC nations along with some very timely and treasonous help from the inside. Further, we have major think tank organizations as well as a prominent CIA front organization publishing data and projections which reinforces all the Agenda 21 claims that have been made for 20 years. Namely, the United States is going to experience a series of major depopulation events as the landscape of this country will change forever as we will be moved into the hellish Agenda 21 projected cities of the future. The data sets that I am presently working on strongly suggests that we are much closer to these realities than many of us would have anticipated.
Deagel Documents Reveal CIA Depopulation Plans for the US
A very strong earthquake registered by the USGS as M6.8 hit Myanmar at 10:34 UTC on August 24, 2016. The agency is reporting a depth of 84.1 km (52.2 miles).
The epicenter was located 25 km (15.5 miles) W of Chauk (population 90 870), 58.8 km (36.5 miles) NNW of Yenangyaung (population 110 553), 69.8 km (43.4 miles) SW of Pakokku (population 126 938), 87.4 km (54.3 miles) NNW of Minbu (population 57 342) and 92.8 km (57.7 miles) NNW of Magway (population 96 954), Myanmar.
There are 3 788 932 people living within 100 km (62 miles). 1 million people are living within 50 km (31 miles).
USGS issued a yellow alert for shaking-related fatalities and economic losses. Some casualties and damage are possible and the impact should be relatively localized. Past yellow alerts have required a local or regional level response.
Estimated economic losses are less than 1% of GDP of Myanmar
Very strong M6.8 earthquake hits Myanmar
8/23/2016 — Large Italy EQ — 2 day warning given – 𝔼𝕒𝕣𝕥𝕙𝕢𝕦𝕒𝕜𝕖𝟛𝔻 𝓵𝓲𝓿𝒆 𝓼𝓽𝓻𝒆𝓪𝓶
On Wednesday evening (Aug. 24) as darkness falls, check out the south-southwest sky to see an eye-catching planetary/stellar lineup consisting of three radiant points of light: two bright planets and one of the brightest and most colorful stars in the sky.Tuesday (Aug. 23) a somewhat less straight — but still striking — line-up of the three will be visible.
The two planets — yellow-orange Mars and yellow-white Saturn — will appear to form a nearly perfect vertical line in the sky with the 15th brightest star, the reddish supergiant Antares.
Interestingly, the name Antares means “rival of Mars.” (“Anti” comes from the Greek word for “against,” and Ares was the ancient Greek god of war, whereas Mars was the Roman war god.) In fact, Mars will pass 1.8 degrees above Antares, and it will shine at a brilliant magnitude of minus 0.4; Antares, by comparison, will shine at magnitude 1.0 (lower magnitudes appear brighter), making Mars more than three times brighter than its rival
However, Mars will appear more of a yellow-orange color, whereas Antares is one of the reddest stars in the sky. So although Mars will appear much brighter, Antares will stand out for its bood-red color. Perhaps that is why the ancient stargazers considered it to be Mars’ rival.
Saturn will be situated 4.2 degrees above Mars — the highest of the three bright objects. In terms of brightness, the ringed planet will play the “middleman” in the trio. At magnitude 0.4, Saturn will shine with only half the luster of Mars, and it will appear almost twice as bright as Antares. Saturn will appear to hover directly above both Mars and Antares; the distance between Saturn and Antares will measure 6 degrees. Your clenched fist measures roughly 10 degrees in width when held at arm’s length, so the length of the Saturn-Mars-Antares lineup will stretch a bit more than half a fist.
Though all three points on the line resemble stars, only Antares will appear to twinkle. It is, after all, just a pinpoint of light from our vantage point. It is hundreds of times larger than our sun, at a distance of 550 light-years (3.3 quadrillion miles, or 5.3 quadrillion kilometers). But it looks like a glowing dot, even in large telescopes, whose light is easily distorted by our churning atmosphere — hence the twinkling effect.
In contrast, Mars is only 79 million miles (127 million km), and Saturn is 916 million miles (1.474 billion km) from Earth on that day; they appear as disks through telescopes, so they very rarely appear to twinkle.
The star and two planets will appear to be aligned perfectly at 6 p.m. EDT (2200 GMT), but at that time, it will still be daytime across much of North America; viewers will have to wait until darkness falls to easily see the line. Mars will be edging slowly away to the east (left); it will be moving much faster than Saturn, and by the time it gets dark along the West Coast, skywatchers there will see a line that is not precisely straight, with Mars a bit more to the east as compared to Saturn and Antares. That should be even more readily apparent on Thursday evening and in the days that follow, as the trio morphs into a slowly widening triangle.
Mars, Saturn and Antares to Line Up in Night Sky This Week: How to See It
A severe earthquake registered by the EMSC as M6.2 hit central Italy at 01:36 UTC on August 24, 2016. The agency is reporting a depth of 4 km (2.48 miles). USGS is reporting M6.2 at a depth of 10 km (6.2 miles). The tremors lasted for about 20-30 seconds, eyewitnesses say. Numerous aftershocks are shaking the region.
As of 17:13 UTC, the death toll has risen to 73. Many people are still believed buried under the rubble, and the death toll is expected to rise.
According to the EMSC, the epicenter was located 14 km (8.6 miles) E of Maltignano (population 2 514), 43 km (26.7 miles) N of L’Aquila (population 68 503), and 109 km (67.7 miles) NE of Roma (population 2 563 241), Italy.
Italy’s civil protection agency said the earthquake was “severe” and that national emergency procedures had been activated.
There are 2 661 034 people living within 100 km (6.2 miles). 1.1 million people are living within 75 km (46.6 miles), 260 000 within 50 km (31.8 miles).
USGS issued orange alert level for shaking-related fatalities. Significant casualties are likely.
A red alert level was issued for economic losses. Extensive damage is probable and the disaster is likely widespread. Estimated economic losses are less than 1% of GDP of Italy. Past events with this alert level have required a national or international level response.
Overall, the population in this region resides in structures that are a mix of vulnerable and earthquake resistant construction. The predominant vulnerable building types are unreinforced brick with mud and mid-rise nonductile concrete frame with infill construction.
Recent earthquakes in this area have caused secondary hazards such as landslides that might have contributed to losses.
EMSC registered 64 aftershocks (M1.6 – 5.5) by 05:31 UTC
Extremely dangerous M6.2 earthquake hits central Italy, massive damage, numerous aftershocks
It has been a tragic day for Italy, where after last night’s M6.2 earthquake, at least 84 people are now confirmed dead, and thousands have been left homeless.
As we reported earlier, the quake struck in the early hours of the morning when most residents were asleep, razing homes and buckling roads in a cluster of communities some 140 km (85 miles) east of Rome. It was powerful enough to be felt in Bologna to the north and Naples to the south, each more than 220 km from the epicenter. A family of four, including two boys aged 8 months and 9 years, were buried when their house in Accumoli imploded.
Prime Minister Matteo Renzi said he would visit the disaster area later in the day: “No one will be left alone, no family, no community, no neighborhood. We must get down to work .. to restore hope to this area which has been so badly hit,” he said in a brief televised address.
A spokeswoman for the civil protection department, Immacolata Postiglione, said the dead were in Amatrice, Accumoli and other villages including Pescara del Tronto and Arquata del Tronto.
As rescue workers carried away the body of the infant, carefully covered by a small blanket, the children’s grandmother blamed God: “He took them all at once,” she wailed
Dramatic Drone Footage Shows Devastation From Italy Quake
Capital Goods Shipments Collapse Most Since 2009 As Durable Goods Orders Bounce In July (Thanks To Revisions)
With Janet Yellen Just Hours Away, Directionless Markets Wait For A Signal
WTF! Because 30 minutes before one of the most important speeches of her career, why not panic-buy stocks and dump all your protection?
VIX Crushed, Stocks Spike – Does Someone Know Something?
SOLAR SECTOR BOUNDARY CROSSING: On Aug. 28th, Earth will cross a fold in the heliospheric current sheet. This “solar sector boundary crossing” could disturb our planet’s magnetic field and spark auroras at high latitudes. NOAA forecasters estimate a 25% chance of G1-class geomagnetic storms. Aurora alerts: text or voice
SUNSET CONJUNCTION: Venus and Jupiter are converging for a beautiful conjunction in the sunset sky. The best place to see it is the southern hemisphere. Helio C. Vital sends this picture from Rio de Janeiro, Brazil:
Shown in the photos are Venus, Jupiter and Mercury forming a triangle in Rio’s evening twilight sky,” says Vital. “Ascending Venus can be seen 3.1° below descending Jupiter as they quickly approach each other, heading for a very close encounter on Aug. 27th.”
At closest approach on Saturday evening, the two worlds will appear only about 1/15th of a degree apart. If you hold a pencil at arm’s length, the eraser would cover both planets at once. Moreover, Venus and Jupiter will easily fit within a telescopic field of view–an amazing sight if you have a backyard telescope.
As easy as this is to see in the southern hemisphere, it will be difficult to see on the other side of the equator. In the northern hemisphere, the planets hug the horizon at sunset, barely visible in the bright orange glow of early twilight. Northerners, monitor the photo gallery to see what you are missing.
FTSE 100 rises as Janet Yellen says case for US rate hike has ‘strengthened’
As we head into her speech, gold is rallying, oil is up, bond yields are tumbling, stocks were panic bid and vol dumped.
And here we go. Here are the key highlights from Yellen’s speech:
YELLEN SAYS RATE-HIKE CASE `HAS STRENGTHENED IN RECENT MONTHS’
YELLEN SAYS ECONOMY NEARING FED’S EMPLOYMENT, INFLATION GOALS
YELLEN: FOMC NOT ACTIVELY CONSIDERING ADDITIONAL TOOLS
YELLEN SAYS GROWTH NOT RAPID BUT ENOUGH TO IMPROVE LABOR MKT
YELLEN SAYS FISCAL POLICY COULD ENHANCE ECONOMIC STABILITY
YELLEN: EXPECTS MODERATE US GDP GROWTH, LBR MKT STRENGTHENING
YELLEN: STILL, OUTLOOK UNCERTAIN, HIKES NOT ON PRESET COURSE
YELLEN: RANGE OF REASONABLY LIKELY OUTCOMES FOR FFR QUITE WIDE
YELLEN: ECON FREQUENTLY BUFFETED BY SHOCKS, RARELY AS PREDICTD
YELLEN: GROWTH ‘SUFFICIENT’ TO GENERATE GAINS IN LABOR MARKET
YELLEN: SUBDUED FGN DEMAND, USD APPREC CONT TO RESTRAIN EXPORT
YELLEN: US ECON ‘CONTINUES TO EXPAND,’ LED BY HHLD SPNDING
YELLEN: US BUSINESS INVESTMENT REMAINS SOFT
YELLEN: FOMC TOOLKIT TO RAISE RATES PROVED EFFECTIVE LAST DEC
YELLEN: ABILITY TO PAY IOER LIKELY TO PLAY KEY ROLE FOR YEARS
YELLEN: SOME ESTIMATES PUT REAL NEUTRAL RATE CLOSE TO ZERO
YELLEN: EXPECT FWD GUID, ASSET PURCHASES REMAIN CRITICAL TOOLS
Here are the key segments:
A Hawkish Yellen Emerges: “The Rate Hike Case Has Strengthened In Recent Months”
In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.
On the Fed’s policy options, especially potentially selling off its $4 trillion balance sheet.
“Hawkish” Yellen Speech Sparks Buying Spree In Everything (Except Dollars)
The US Dollar is being dumped after Yellen’s apparently ‘hawkish’ speech as the market appears to have latched onto one sentence…”future policymakers may wish to explore the possibility of purchasing a broader range of assets.” Stocks are up, gold is up, bonds are up, oil is up…
Rate hike odds are dropping…
The USD is dumping…
Asset prices are soaring…
As VIX is crushed…
For a big roundtriup in Stocks, bonds, and gold…
Oil Spikes On Antichrist Iran Report Antichrist Saudi Aramco Facilities Hit By Yemen Missiles
While oil is spiking thanks to the dollar’s kneejerk reaction lower following Yellen’s (not really) hawkish speech, another reason for the move higher appears to be an unconfirmed report by Iran’s PressTV that Yemeni forces have fired ballistic missiles at the facilities belonging to the Antichrist Saudi state oil giant Aramco in the Antichrist kingdom’s southwest.
From the report:
The retaliatory attack took place on Friday, hitting targets in Antichrist Saudi Arabia’s Jizan region and causing considerable damage to the Aramco facilities there, Yemen’s al-Masirah television reported.
The Antichrist Saudi military has been pounding Yemen since March last year to undermine Yemen’s Houthi Ansarullah movement and to restore power to the former president, Abd Rabbuh Mansur Hadi, a staunch ally of Riyadh.
Nearly 10,000 people, most of them civilians, have been killed in Riyadh’s military aggression which lacks any international mandate.
Also on Friday, Antichrist Saudi fighters struck residential areas in the Baqim district of the northwestern Yemen province of Sa’ada, killing 11 people.
A day earlier, the fighters had hit a bazaar in the district, killing seven people and injuring 10 others, many of whom are in critical condition.
On Thursday, the UN High Commissioner for Human Rights Zeid Ra’ad Zeid al-Hussein said the Antichrist Saudi military was using cluster bombs against residential areas in Yemen in violation of international law, blaming the Riyadh regime for most of the civilian casualties in its impoverished southern neighbor.
HIstorically, the accuracy of PressTV reports has been spotty at best, so waiting for confirmation may be prudent, although as of this moment algos are buying first and not even bothering to ask questions.
Why The Fed Expects 2018 Rates To Be Between 0% And 4.5%
Saturday, August 27, 2016: Consequence (Ekev)
Reading for August 27, 2016 ~ Av 23, 5776
Deut 7:12-11:25 ~ Is 49:14-51:3 ~ Acts 6-7