42414 Gleaning 6.7 Quake The FiX Is In JpY Red Sky Loves Blue Oyster Cult 666 Tower Of Babylon
I find it humorous that liberal progressives accuse their opponents of being fascists, but the liberals are actually the most intolerant and oppressive when it comes to free speech, expression, and petition of redress of grievances by the American citizenry.
The Internal Revenue Service (IRS) and the Bureau of Land Management (BLM) now have armed agents. The Department of Justice is heavily partisan — and that assertion has nothing to do with racism. I support our law enforcement agencies having the proper resources and equipment to fulfill their mission of keeping us safe from criminals and enemies who have penetrated our sovereign borders. However, we do not need to become a “police state” where our government agencies start to resemble special operation strike troops of the U.S. mlitary.
During the 2008 campaign, I recall then-Senator Obama stating, “We cannot continue to rely only on our military in order to achieve the national security objectives that we’ve set. We’ve got to have a civilian national security force that’s just as powerful, just as strong, just as well-funded.” Just like the fundamental transformation of America, what exactly did this mean? And just as amazingly, behind the young inexperienced junior Senator, you can see American military veterans applauding.
So, as we decimate our military, cut retiree and veteran benefits, and cut benefits to our military families, we are arming federal agencies. Why?
I don’t know about you, but I ain’t about to be a sheep heading to the slaughter.
^^^If this guy really does not know ”why” at this point, he certainly is blind and does not understand the prophetic demonic end time reality of ”wormwood” and the bitterness of the strong delusion which dries up the hedge of war and makes way for the tribulation that shall cause people to know exactly ”why”, or people shall remain as they were, clueless and deceived sheep prepared for the final offer unto the fire of Moloch. The deceived do not stand fast, they are made bitter and only add fuel to the fire, as it were by killing hosts thinking to to the work of our Father in Christ, but, only providing the offensive power that enables the Antichrist nations and Israel to be so moved unto judgment.
You just can’t make this stuff up.
A few days ago the President of the United States signed into public law bill S. 2195, now known as Pub.L. 113-100.
The law aims to “deny admission to the United States to any representative to the United Nations who has been found to have been engaged in espionage activities or a terrorist activity against the United States and poses a threat to United States national security interests.”
In other words, if the US government thinks that if you have been spying on the United States, then they won’t let you in the country.
Gee, let’s think for a moment– who has been engaging in espionage against the United States? Anyone?
Ah, right. The US government. Mr. Obama himself. The entire US intelligence network. They’ve all been engaging in espionage against the United States, especially its citizens.
But let us not forget, the law also bars entry for folks who have engaged in terrorist activity against the United States.
Just so that we don’t mince words, my dictionary defines terrorism as the use of violence and intimidation in the pursuit of political aims.
Once again, the US government. Violence? Check. Intimidation? Check.
The government doesn’t rule with the consent of the governed. They rule through fear, intimidation, and threats of violence. They spy. They deceive. They steal.
So you can probably appreciate the irony and arrogance of the President signing this new law which bars spies and terrorists from entering the country.
The entire notion is so absurd, it’s like Barack calling the kettle black. And technically speaking he has just legally banned himself from being in the Land of the Free.
” So they used bricks instead of stones, and ·tar [bitumen] instead of mortar. 4 Then they said to each other, “Let’s build a city and a tower for ourselves, whose top will reach high into ·the sky
The Lord came down to see the city and the tower that the ·people [L sons of man] had built. 6 The Lord said, “Now, these people are ·united [L one], all speaking ·the same [L one] language. This is only the beginning of what they will do. ·They will be able to do anything they want [L Nothing they want to do will be impossible for them].
Saudi Arabia is expected to begin work on the Kingdom Tower next week.
The building in Jeddah is expected to cost $1.23 billion and stand 3,280 feet tall, according to the Saudi Gazette.
That’s 568 feet taller than Dubai’s Burj Khalifa.
Construction is also underway on Sky City in China, projected to be 2,749 feet tall. Sky City is expected to finish before the Kingdom Tower and will, for a very brief period, hold the title of the world’s tallest building.
Two years ago, Barclays introduced its Skyscraper Index, which suggests that construction booms, highlighted by record-breaking skyscrapers, coincide with the beginning of economic downturns.
In his 2012 report, Barclays’ Andrew Lawrence and his team wrote that this is because “the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction.”
But it isn’t just the world’s tallest building we should be looking at. Lawrence said it’s also important to look at the number of skyscrapers being built and their geographic profile. This is because the tallest buildings “rarely stand alone.”
With this in mind, investors should watch the building booms in China, India, and Saudi Arabia.
Past the towering tridents that survived the World Trade Center collapse, adjacent to a gallery with photographs of the 19 hijackers, a brief film at the soon-to-open National September 11 Memorial Museum will seek to explain to visitors the historical roots of the attacks.
The film, “The Rise of Al Qaeda,” refers to the terrorists as Islamists who viewed their mission as a jihad.
India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said.
Before the interim deal, countries that imported Iranian oil were required to steadily reduce their purchases to qualify every six months for a waiver from U.S. sanctions.
American move to unfreeze delivery of 10 advanced Apache helicopters to Egypt comes on heels of Russia’s increasing warming relations with Cairo
Some military analysts have said that having a well-trained, combat-ready reserve force kept the country from having to re-institute a draft. At times during the post-9/11 conflicts, the guard has made up 50 percent of deployed troops.
“The National Guard right now is the best led and the best trained it has ever been,” said Col. Brian Pierce, commander of the 449th Theater Aviation Brigade, which oversees the 1-130th. “In my opinion, there is no difference between the two organizations now.
“But if we don’t look like them, and we don’t have the same capability as the active-duty component, how are we going to function as that strategic depth and that combat reserve?”
One of European Central Bank President Mario Draghi’s most important duties is watching his mouth. One ill-considered utterance is enough to sow panic on the financial markets.
Yet despite Draghi’s efforts, the specter of deflation was omnipresent in Washington during the meetings. And it is one that is making central bank heads and government officials nervous across the globe. The IMF in particular is alarmed, with Fund economists warning that there is currently up to a 20 percent risk of a euro zone-wide deflation. IMF head Christine Lagarde has called on European central bankers to “further loosen monetary policy” to address the danger.
But during a press conference earlier this month, Draghi allowed himself a telling slip.
Speaking to gathered journalists at the Spring Meetings of the International Monetary Fund and the World Bank, Draghi twice almost uttered a word he has been at pains to avoid.
“Defla…”, Draghi began, before stopping himself and continuing with the term “low inflation.”.
The “v”-shaped recovery in US equity indices is largely being ignored by bonds, JPY, and credit for now as VIX is in charge of the ramping efforts for now… until the last few minutes when it all went a bit pear-shaped…
VIX is broken-er…
The Yen carry trade is when traders borrow for free from Japan and then use that money to buy treasuries which they can book the spread and use them for collateral to lever up and buy more stocks. Typically they will sell Yen and buy USD to buy risk assets. This works fine as long as the USD/Yen stays within a certain range. If something happens and that forces a risk off deleveraging ( think margin calls) then traders are forced to buy Yen in order to pay back the debt. The buying of Yen and selling of dollars causes the Yen strength.
USDJPY is collapsing…
Euphoria over Apple channel-stuffing and non-GAAP magic for Facebook quickly turned into the HFT-liqudity-providers nightmare as rumors of an emergency Putin press conference sent USDJPY tumbling lower (and therefore US equities). Once the rumor passed – and despite all the facts on the escalation – stocks bounced (especially Nasdaq) to close mixed. S&P and Dow unchish, Nasdaq +0.5%, Russell -0.5%. VIX was in charge in general once the ramp was under-way but even that went into crazy mode as algos lost the plot. Credit markets are “deniers” of the exuberance as are long-end Treasuries which rallied another 2bps and near 10-month lows. Gold was monkey-0hammered early but rallied on Putin’s comments and closed unchanged for the week above $1290. Copper rallied and Oil limped higher as the USD flatlined.
Ukraine’s foreign ministry has given Russia a 48-hour ultimatum to explain its military exercises near the nation’s border; or, as foreign minister Andriy Deshschytisa warns “we will now fight with Russia troops.”
It seems the red-line is about to be crossed by both sides… though as long as Putin does not hold an emergency press conference, it seems BTFWWIII is back on.
The RAF scrambled Typhoon fighter jets to investigate Russian long-range bombers north of Scotland.
The quick-reaction fighters took off from RAF Leuchars after unidentified aircraft approached British airspace.
Defence sources said the aircraft were found to be two Russian Tupolev-95 long-range bombers, known to Nato forces as ‘Bears’.
The incident was reported amid continuing tensions between Russia and the Nato alliance in the wake of the Ukraine crisis.
The Dutch defense department says several NATO member countries scrambled jets Wednesday afternoon after a pair of Russian bomber planes approached their airspace over the North Sea.
The Dutch ministry identified the planes as two Russian TU-95 Bears, and said it had launched two F-16s from Volkel air force base to intercept them. The Russian jets were escorted by aircraft from the Netherlands, Britain and Denmark until they departed.
Maj. Wilko Ter Horst said “that’s why we scrambled, that’s why the Danish scrambled and the English scrambled, to ensure to insure they fly out of our air space.”
The ministry statement said such incidents have occurred before, citing one from March 21 and another on Sept. 10 last year.
Russian Bombers Conduct Test Flights Over Northern Europe:NOTICE ALL THIS TURMOIL TOOK PLACE AFTER THE GUTTING OF THE U.S. TOP MILITARY COMMANDERS AND BANKRUPTING OF REGULAR MILITARY WHILE PRESIDENTS PRIVATE ARMY GROWS DAILY!
The similarities between 2007 and 2014 continue to pile up. As you are about to see, U.S. home sales fell dramatically throughout 2007 even as the mainstream media, our politicians and Federal Reserve Chairman Ben Bernanke promised us that everything was going to be just fine and that we definitely were not going to experience a recession. Of course we remember precisely what followed. It was the worst economic crisis since the days of the Great Depression. And you know what they say – if we do not learn from history we are doomed to repeat it. Just like seven years ago, the stock market has soared to all-time high after all-time high. Just like seven years ago, the authorities are telling us that there is nothing to worry about. Unfortunately, just like seven years ago, a housing bubble is imploding and another great economic crisis is rapidly approaching.
Posted below is a chart of existing home sales in the United States during 2007. As you can see, existing home sales declined precipitously throughout the year…
If history does repeat, then what we are witnessing right now is a very troubling sign for the months to come. As you can see from this chart, new home sales usually start going down before a recession begins.
And don’t expect these housing numbers to rebound any time soon. The demand for mortgages has dropped through the floor.
It is almost as if we are watching a replay of 2007 all over again, and yet nobody is talking about this.
Everyone wants to believe that this time will be different.
The human capacity for self-delusion is absolutely amazing.
However, the IMF and its partners, the central banks around the world, will need at least five more years to prepare the system for such a change. A crisis of confidence around the dollar could occur before the IMF and its partners are ready for a reset operation. If a crisis of confidence occurs, the IMF would have to mount a rescue operation to save worldwide trade, as we saw in early 2009. We had some similar, but smaller, resets following the crisis in Germany after the Weimar hyperinflation in 1923 and, more recently, in Cyprus.
In round numbers, we estimate that for every 0.1 move in USD/CNH above the average EKI (which we have assumed here is 6.20), corporates will lose US$200 million a month. The real pain comes if USD/CNH stays above this level, as these losses will accrue every month until the contract expires. Given contracts are 24 months in tenor, this implies around US$4.8 billion in total losses for every 0.1 above the average EKI.
Deutsche Bank concludes…
Looking forward it’s possible that the PBOC is not attempting to actively engineer a sustained depreciation of the Renminbi but rather is attempting to increase the level of two-way volatility in the market to discourage the carry trade and also excessive capital inflows. In terms of the broad risk going forward the sheer scale of the challenge the PBOC has set out to tackle likely means they will have to move with restraint. This is certainly a story to watch…
The PBOC’s willingness to a) enter the global currency war (beggar thy neighbor), and b) ‘allow’ the Yuan to weaken and thus crush carry traders and leveraged ‘hedgers’ is about to get serious. The total size of the carry trades and hedges is hard to estimate but Deutsche believes it is around $500bn and as Morgan Stanley notes the ongoing weakness means things can get ugly fast as USDCNY crosses the crucial 6.25 level where losses from hedge products begin to surge. This is a critical level as it pre-dates Fed QE3 and BoJ QQE levels and these are pure levered derivative MtM losses – not a “well they will just rotate to US equities” loss – which means major tightening on credit conditions….
“The amount of experience he has is ridiculous,” says former JPM prop trader Galuti, adding “- in a positive way,” as he explains why former Clinton Commerce secretary (and Obama chief of staff) Bill Daley has joined the small Swiss-based hedge fund. The revolving door of favors continues as Daley, who The FT reports will be based in Chicago and oversee US expansion (as well as provide macroeconomic and political advice), joins an ever-growing number of former Obama administration officials to have taken jobs in the financial sector.
As The FT reports, Bill Daley, the former White House chief of staff, is to join the hedge fund Argentière Capital, which was founded last year by leaders of JPMorgan’s disbanded proprietary trading division.
As the Vatican prepares the canonization ceremonies for Pope John Paul XXIII and Pope John Paul II this Sunday, the unspoken issue dividing the Roman Catholic Church and the White House is President Obama’s determination to force faith-based groups to pay for abortions and contraception as part of Obamacare
ope Francis, affirming Catholic doctrine, recently characterized abortion as an “unspeakable crime.”
Obama, nevertheless, is sending to the Vatican a three-person delegation with an activist pro-abortion history to represent the U.S. at the canonizations.
At a Planned Parenthood conference in Washington, D.C., one year ago, President Obama ended his remarks with: “Thank you, Planned Parenthood. God bless you. God bless America,” despite the group’s status as the No. 1 provider of abortions in the U.S.
On April 11, just two weeks after Obama’s meeting with Pope Francis at the Vatican, the pope characterized abortion as an “unspeakable crime” in a speech to the Italian pro-life group Moviemento per la Vita, Movement for Life.
Andrew Haldane, who is well known among readers as being one of the most outspoken and truthy central bankers in the world, will become Bank of England’s Chief Economist in June. That fact is what makes his comments – however factually honest – extremely uncomfortable for the Keynesian status quo DSGE modelers alive and well in every central bank in the world. To summarize his thoughts in the following letter – the models are useless and it’s time to rethink everything…
Until now, the terrible trail of dead bankers has been only among US and European financial executives. However, as Caixin reports, the increasing pressures on the Chinese banking system appear to have take their first toll. Li Jianhua, director of China’s Banking Regulatory Commission (CBRC), died this morning due to a “sudden heart attack” – he was less than 49 years old. Li was among the main drafters on new “caveat emptor” market-based rules on China’s shadowy banking system and recently said in an interview that “now is not only a time to control risk, but to transform the trust industry.. if it’s too loose, it’s a big problem.” Li was found by his wife.
This brings the sad list of senior financial services exectives who have died in the last few months to 13:
“We are willing to pay the price for our calling. We don’t only share the Gospel when things are rosy,” he continued. “It is to be done in every situation. Hunger and want will never discourage us. Swords and guns, even the roar of the devil, will only encourage us to stand first for Christ.”
“If we die, our blood will speak about Christ to our killers,” he said.
“We are seeking the face of God in this situation,” Rev. Pona, whose full name we cannot reveal for security purposes, told Open Doors. “Brethren are being killed all over the state. Thousands of homes have been destroyed. Our churches have not been spared. We are being struck from every direction. Only Christ can deliver us from this trial.”
A 6.7-magnitude earthquake has struck off the coast of Vancouver Island.
Back in August of last year, we first reported data that not even believed at first, but has since been proven correct using existing home sales data, namely that a whopping 60% of all home purchases are “cash only.” Furthermore, in the eight months since that post, our conclusion has also borne out as absolutely correct:
The subsequent tumble in the housing market – both new and existing – confirmed that ther was no “housing recovery” and it was, as we had claimed all along, merely institutional investors bidding up real estate to convert it to rental, and foreign buyers parking illegally obtained cash in US real estate.
However, not even that data could prepare us for what we learned today courtesy of CoreLogic, which narrowed down the range from the broader “housing” segment just to the most appetizing (especially for investors and flippers) condo market. What it found was stunning: not less than 80% of all condos in key markets such as Florida, Nevada And New York are all cash.
Without repeating our conclusion from nearly a year ago, what this simply means is that there is absolutely nothing remotely resembling a housing recovery, and certainly not one where the end buyer has to use the house itself as loan collateral, which would be the vast majority of the population, but instead more than three-quarters of all condo purchases are purely by investors who have already piled up cash using other forms of collateral (and thus aren’t traditional home purchasers but merely flipping-focused investors), and who will flee from this market the second the Fed starts tightening monetary conditions, which in turns will make the next housing crash far worse even than the 2008 housing and credit bubble collapse.
Yesterday, we lowered our trailing stop on 5s30s to 182.3bps. Today, we recommend lowering it once again, to just above yesterday’s high at 178.6bps. While the new 5yr has affected our chart in the near term, it does not alter the larger FLATTENING TREND. Initial downside targets are seen to 170.5bps/167.9bps (swing target and channel base), with medium-term targets seen to long-term retracement support at 143bps.
VICTORIA, British Columbia, April 23, 2014 (LifeSiteNews.com) – The British Columbia Health Ministry has admitted that the remains of babies destroyed by abortion in B.C. facilities are ending up in a waste-to-power facility in the United States, providing electricity for residents of Oregon.
At least 40 U.S. veterans died waiting for appointments at the Phoenix Veterans Affairs Health Care system, many of whom were placed on a secret waiting list.
The secret list was part of an elaborate scheme designed by Veterans Affairs managers in Phoenix who were trying to hide that 1,400 to 1,600 sick veterans were forced to wait months to see a doctor, according to a recently retired top VA doctor and several high-level sources.
Then there’s this…
Police departments across the nation are recruiting potential officers to dress in complete grass camo for special operations.
It’s not just the armored police vehicles…
The Lewiston, Maine police department unveiled the MARCbot IV, or Multi-Functional Agile Remote Controlled Robot, fresh from the U.S. Army and complete with an Xbox controller.
If you thought that CCTV cameras tracking your every move in public was bad enough, you’re going to just love AISight (pronounced “eyesight” of course). The invention of a Houston, Texas based company called BRS Labs (which stands for Behavioral Recognition Systems) is headed by former secret service special agent John Frazzini, and this Orwellian surveillance platform brings artificial intelligence to all of those creepy cameras that have been installed everywhere around you
Apparently, this system is currently being installed in Boston, and has already been implemented in Chicago and Washington. In the event you live in these cities, I bet you’ve never heard of AISight, and more importantly, I bet there’s been little to no public debate.
The most disturbing part about this platform is that this artificial intelligence defines what is “normal” behavior and anything that falls outside of that narrow band can be flagged for “pre crime” potential. Ultimately, if these things are allowed to proliferate, it will condition humans to behave like zombie automatons fearful that anything interesting or creative might be viewed as criminal.
The NYPD recently engaged in such behavior when it arrested a street artist unlawfully. Now imagine if a computer could do the work the work without human involvement.
The entire sad incident was caught on video
With revelations that the National Security Agency has collected some 20 trillion phone calls and emails via an expansive nationwide surveillance network, most Americans have already come to the realization that everything they do is being monitored.
But many shrug off Big Brother’s prying eyes by suggesting that, since they aren’t doing anything wrong, they have nothing to worry about.
That may have been true several years ago, but the digital surveillance systems of today are far more advanced than most people understand. No longer are these machines simply recording the data and storing them in some historical archive to be pulled at a later date should the government ever have reason to take a closer look at your personal life.
The next generation of systems are being used to actively monitor your digital interactions, surfing habits, conversations and daily sentiment in an effort to predict your future behavior. Nowhere is this more apparent than in the systems currently operating within the social media sphere.