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?”
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
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.
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…
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
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:
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.
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..
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?
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.
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..
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.
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!
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.
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.
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 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.
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.
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:
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….
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?
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.
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.
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.
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.
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.
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.
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.
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.
“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%.
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.
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.
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.
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.
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.
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.
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).
August 19 2016 07:32 AM 7.5 South-America Falkland Islands Stanley
August 20 2016 09:01 AM 6.1 Asia Japan Iwate
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.
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.
Sunday August 21 2016, 03:45:24 UTC South Georgia Island Region 6.4
Reading for August 20, 2016 ~ Av 16, 5776
Deut 3:23-7:11 ~ Is 40:1-26 ~ Acts 3-5
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.
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.
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
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
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