7814 Gleaning Antichrist Red Baby 666 NWO Gay Pride Allah Ring Wearing Evil Idiot POTUS Hussein Obozo 911 The Treasonous Clown Should Already Be Hanging From The White House Roof Rotting For The World To See That America Really Does Hang Traitors Of Islam (LOL, Sunni Shia Dipshits Take Your Pick) But ”They Live” STILL! Japan 50ft Waves 500K Flee Typhoon And California Earthquake Spike Pattern Looks VERY BAD
“There is a colossal bubble in all asset prices and eventually it will burst,” is the subtle recurring message from The Gloom, Boom, & Doom Report’s Marc Faber, warnings that “maybe has begun to burst already.” While Faber admits he has called for such a correction previously, he notes that the difference now is that “valuations are so much higher; and contrary to what the mainstream economists believe, I don’t believe the global economy is strengthening; in fact I believe it is weakening.” Furthermore, while “you never know what will trigger for a bull market or bear market is until after the fact,” Faber offers 3 factors (aside from the Fed) that could trigger a 30% crash or more… beginning with “a) In The White House we have a very poor President – which will lead to political issues domestically in the US,” which are not priced in..
As most Fed watchers know, last week was interesting because Janet Yellen, speaking at IMF came out and said something quite surprising. In a nutshell, she said “It’s not the Fed’s job to pop bubbles”. While many market participants immediately took this to mean, “To the moon, Alice!” and started buying equities hand over fist, there’s another possible explanation for Mrs. Yellen’s proclamation of unwillingness: The Fed could be preparing to do exactly what it said it wouldn’t.
As we noted last week, there are a couple of fascinating things to note about this recommendation. First, for anyone who thinks that the concept of intentionally crashing the stock market is the stuff of conspiracy theorists, that notion is now dead and buried. It’s extremely clear from the BIS’ language, that the concept of initiating a collapse is openly discussed as a policy measure. This was a direct recommendation to bring on the crash – or as they say so colorfully, to “bring forward the downward leg of the cycle”.
But there is one more twist to the puzzle: Yellen has openly stated that she would not be offering clear guidance to the market as her predecessor had advocated. The age of Fed-glastnost is apparently coming to an end.
So indulge us for a moment as we present another possibility:
Yellen is going to orchestrate a controlled collapse. Or, at least one which we hope is controlled.
One thing is certain at this point: An intentionally orchestrated crash is the direct recommendation of the BIS, per it’s annual report. That this action exists as a potential policy measure is now confirmed.
The remaining question is: Would the Federal Reserve pursue such a policy measure openly, or behind the same curtains from which most of their historic policies were enacted.
Glenn Greenwald, one of the journalists who has worked closely with exiled whistleblower Edward Snowden to reveal the National Security Agency’s mass surveillance programs, says there may be a second leaker providing the NSA’s secrets to the press.
Two German media reports co-authored by former WikiLeaks volunteer and current Tor Project employee Jacob Appelbaum are the cause of his suspicion.
The first report was published in December by Der Spiegel and describes a 50-page catalog of NSA surveillance tools. The second came last week from the German broadcasters Norddeutscher Rundfunk (NDR) and Westdeutscher Rundfunk (WDR), detailing NSA surveillance of people who use Tor and other online privacy services.
Both articles “notably fail to mention anything about the sourcing for the documents,” Greenwald tells U.S. News. “That’s particularly notable given that virtually every other article using Snowden documents – including Der Spiegel – specifically identified him as the source.”
Three mortar bombs landed inside Saudi Arabia on Monday close to its northern border with Iraq, where Islamist militants have grabbed land in a lightning advance, officials said.
The mortars caused no casualties but will stoke security fears in Saudi Arabia, which is also facing militants on its southern border with Yemen, where at least 10 people died in an al Qaeda raid into the kingdom on Friday and Saturday.
Bringing down the al-Saud ruling family is one of the main goals of al Qaeda, which wants to establish a cross-border caliphate in Islam’s holy city of Mecca, located in western Saudi Arabia.
Saudi authorities fear the gains in Iraq made by Islamic State – an al Qaeda offshoot which has shortened its name from the Islamic State in Iraq and the Levant (ISIL) – could radicalise their citizens.
The Israeli government has given the military permission to mobilize up to 40,000 additional reservists as it steps up an offensive in the Gaza Strip.
Tuesday’s decision came hours after Israel launched an offensive aimed at stopping weeks of heavy rocket fire out of Gaza.
The Israeli military said there were no immediate plans to call up the reservists, but the order was a contingency if the offensive needs to be expanded.
Israeli officials say the open-ended operation could go on for some time.
Prime Minister Binyamin Netanyahu responded to threats from Hamas on Tuesday morning, noting that the terror organization “chose escalation” and that it would “pay a heavy price.”
Netanyahu made the statements following his directive to “take the gloves off” in the struggle against Hamas, in a meeting with security and defense officials in the Kirya government building in Tel Aviv.
Earlier Tuesday, Hamas threatened it would not de-escalate the situation.
“There is no place for talking about peace with the Israeli occupation,” Hamas spokesperson Fawzi Barhoum stated. “If they want to protect their entity from Hamas’s missiles, they will have to put an Iron Dome [missile defense system – ed.] on every home in Israel.”
Eternity is here. Eternity in low interest rates for longer. Eternity in excess return from stock markets, eternity in no growth, eternity in low productivity, eternity in chasing yields. The chasing yield game now joined by central banks like the Swiss National Bank and recently also big investors like Pimco, who at the top of the market no longer sees the stock market in a bubble!.
To make the mistake, in my opinion, of thinking that ANY analysis can really be done when we are at zero percent is the vital flaw of Pimco, SNB, policy makers and the stock market, so I am not saying the Dow in 100.000 is not possible, neither will I second guess Pimco’s new found bullishness, I am merely applying history, maths, engineering and economics laws to the issue..
There is growing evidence that we are rapidly entering into the final stage of the current bull market cycle. This is not a “bearish” bit of commentary; it is just “what is.” I discussed this idea recently in “Could Stocks Melt Up?”
“However, looking ahead to 2015 is where things get interesting. The decennial pattern is certainly suggesting that we take advantage of any major correction in 2014 to do some buying ahead of 2015.
As shown in the chart above, there is a very high probability (83%) that the 5th year of the decade will be positive with an average historical return of 21.47%. However, 2015 will also likely mark the peak of the cyclical bull market as economic tailwinds fade, and the reality of an excessively stretched valuation and price metrics become a major issue.”
The highest court in India has ruled on Monday that Shariah law cannot be legally forced on citizens who do not wish to have the system applied to them.
Muslim leaders in India expressed their frustration with the ruling and have told their fellow Muslims to continue abiding by Shariah Law.
“This is a malicious propaganda which is going on against religious beliefs,” said Kamal Farooqi, a member of the All India Muslim Personal Law Board. “We are for Shariah courts, and we are spreading it all over the country.”
As we first reported two years ago, one of the primary reasons, if not the main one (there is also the Fed to thank) why the US housing market, and specifically its ultra-luxury segment, has experienced a recovery in the past two years even as the other segments of US housing have languished, was due to foreign investors laundering offshore funds in the US real estate market facilitated by the NAR’s exemption from anti-money laundering regulations. This topic finally made the mainstream media recently with the NY Mag’s article on just this topic titled “Stash Pad”, which we also covered extensively. Today, for the first time, we have definitive evidence of not only all of the above, but granular detail of just how “easy” Chinese money has been when it comes to bidding US real estate.
As the WSJ reports, “foreign purchases of U.S. real estate jumped by 35% last year, and the Chinese led the way, according to a survey released Tuesday.
Chinese buyers have become the largest source of foreign cash in the U.S. residential real estate market, accounting for nearly one in four dollars spent by foreigners on American housing last year, the National Association of Realtors said in its annual survey of international property sales.
China accounted for $22 billion in international sales for the 12 month period ending March 2014, or 24% of all foreign sales, up from $12.8 billion, or 19%, during the year-earlier period.
Total international property sales rebounded last year to $92.2 billion, according to the NAR’s estimates, up from $68.2 billion in 2013 and $82.5 billion in 2012. The total represented around 7% of the market for all U.S. sales of previously owned homes during the same period.
In short: confused who to “thank” for being priced out of the luxury housing market? Start with the PBOC and the $26 trillion or so in bank “assets” sloshing in China’s corrupt and rickety financial system, which desperately are trying to get out, and when they do, end up being parked in the most expensive segment of the US housing market.
Was the money laundered and obtained otherwise illegally? It doesn’t matter – recall that the NAR has an exemption from money-laundering rules, as the only thing it cares about is boosting the equilibrium price and pretending that the US housing market is “recovering” when in reality all that is happening is trophy properties serving as the New Normal Swiss bank account.
Moreover, for economic and demographic reasons Beijing has a narrow historical window in which to use its military to alter the world’s power structure. If China doesn’t make a major military move in the next couple decades, it probably never will.
The preemptive strike is off the table — and with it, the risk of a full-scale American counterattack. Instead, Beijing believes it can attack Taiwan or another neighbor while also bloodlessly deterring U.S. intervention. It would do so by deploying such overwhelmingly strong military forces — ballistic missiles, aircraft carriers, jet fighters, and the like — that Washington dare not get involved.
The knock-on effects of deterring America could be world-changing. “Backing away from our commitments to protect Taiwan, Japan, or the Philippines would be tantamount to ceding East Asia to China’s domination,” Roger Cliff, a fellow at the Atlantic Council, said at the same U.S.-China Economic and Security Review Commission hearing on Jan. 30.
12 And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.
13 And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet.
The general is accusing the U.S. military of not even trying to save the Americans who were under attack at Benghazi in 2012.
General Ham immediately informed General Dempsey, and the two of them immediately informed Secretary Panetta, who immediately met with Obama.
That means the attack was only an hour old and Obama knew long before ambassador Stevens and his staff were under attack by a well-armed terrorist group.
Obama then ordered a ‘stand down’ and the no assistance be provided to the consulate staff.
Following the attack and subsequent murder of American citizens, Obama and his aides, including then Secretary of State Hillary Clinton and then U.N. Ambassador/now National Security Advisor Susan Rice, repeatedly lied to the public claiming attack had been the result of a protest over a YouTube video gone awry.
The people at the Pentagon and the people at the CIA stood back while all of this was unfolding and allowed this narrative to go on longer than they should have; they all watched them die and it went on for hours.
Iran and world powers have less than two weeks to reach an agreement on the future scope of Iran’s uranium enrichment program.
Iran’s Supreme Leader Ayatollah Ali Khamenei said his country needs to significantly increase its number of centrifuges, underlining a gap in positions between Tehran and world powers as they hold talks aimed at clinching a nuclear accord.
Iran and world powers have less than two weeks to reach an agreement on the future scope of Iran’s uranium enrichment program and other issues if they are to meet a self-imposed July 20 deadline for a deal.
Iran now has more than 19,000 installed enrichment centrifuges, mostly old-generation IR-1 machines, with about 10,000 of them operating to increase the concentration of uranium’s fissile isotope U-235.
She said Malinowski was on a visit to reaffirm and strengthen bilateral ties and support King Hamad bin Isa Al Khalifa’s reform and reconciliation efforts, particularly in light of events elsewhere in the region.
In a statement later Monday with more details, Psaki said the U.S. is “deeply concerned” by the demand for Malinowski to leave Bahrain immediately. She said his visit had been warmly welcomed and that Bahrain’s government “is well aware that U.S. government officials routinely meet with all officially recognized political societies.”
“Contrary to our longstanding bilateral relationship and in violation of international diplomatic protocol, the government insisted — without advance warning and after his visit had already commenced — to have a Foreign Ministry representative present at all of Assistant Secretary Malinowski’s private meetings with individuals and groups representing a broad spectrum of Bahraini society, including those held at the U.S. embassy,” Psaki said. “These actions are not consistent with the strong partnership between the United States and Bahrain.”
According to the NYT, the money laundering crackdown is “bound for another European financial center: Germany. State and federal authorities have begun settlement talks with Commerzbank, Germany’s second-largest lender, over the bank’s dealings with Iran and other countries blacklisted by the United States, according to people briefed on the matter. The bank, which is suspected of transferring money through its American operations on behalf of companies in Iran and Sudan, could strike a settlement deal with the state and federal authorities as soon as this summer, said the people briefed on the matter, who were not authorized to speak publicly.
As NYT adds, correctly, “The Commerzbank investigation features an added twist: The bank is 17 percent owned by the German government. It is unclear whether — as in the BNP case, which led French authorities to intervene on the bank’s behalf — the settlement talks could inflame diplomatic tensions between Washington and Berlin.”
Of course, since this is the ridiculous “scorched earth” diplomatic policy, if one may call it that, of the Obama administration, nobody is surprised any more that the US president is alienating one former ally after another.
One thing is clear: if the US thinks that Germany will continue to consider America its BFF and make zero contingency plans for when the alliance with the US finally crashes and burns, it will be truly surprised when the Eurasian alliance of Russia and China finally announces its final, all-important, missing link member: the manufacturing and export powerhouse that is Germany itself.
Japan on highest alert for ‘once in decades’ typhoon — New forecasts show direct hit at Fukushima plant — Official: “Extraordinary situation… Grave danger approaching” — Record-level winds to 170mph, waves near 50ft — Military: “Can’t stress enough how dangerous… not just another typhoon” — Astronaut: It “takes up our entire view… Wow”
As is now well-known, following the news broken first by Zero Hedge in May, Belgium, or rather “Belgium” (because clearly someone is using Belgian-based Euroclear as a front to cover their insatiable appetite for US paper) has emerged as the biggest buyer of US Treasurys in 2014, close to surpassing even the Federal Reserve as the biggest monetizer of the US deficit.
But what about other countries in the world, such as for example France: a country whose economy virtually everyone admits is in shambles, and yet whose bond yields have followed the rest of the world to slide to near record lows, hitting a tiny 1.70% most recently.
Here is the answer.
According to the just released balance of payments data from Japan, the top destination of Japanese offshore bond portfolio investments was…. France, followed in the #2 position by none other than the US.
Considering it is now everyone’s patriotic duty to sell Treasurys (because otherwise the fabrication that the US economy is improving crashes and burns every time there is a concerted bond buying effort), one wonders how long until the US tells Kuroda and the Japanese Pension Funds that US paper is non-grata for purchases going forward.
As for France, we are confident they will gladly take every foreign bond purchaser they can find.
A Nicaraguan committee approved a proposed route on Monday for a $40 billion shipping channel across the Central American country that would compete with the Panama Canal.
The Hong Kong-based HKND group, which is leading the project, is headed by Chinese lawyer Wang Jing, who also heads Chinese company Xinwei Telecom Enterprise Group.
Powerful people in the 1980s targeted children’s homes that served as a “supply line” for paedophiles, a former health minister has claimed.
As a former child protection manager warned that a “powerful elite” of at least 20 prominent figures carried out the “worst form of abuse”, the former health minister Lord Warner described the sexual abuse of children as a “power drive”.
Warner, a health minister in 2003-07 who conducted an inquiry into child abuse in Birmingham in 1992, spoke out after the home secretary, Theresa May, announced a national inquiry into how the authorities may have ignored child abuse at Westminster.
“We are looking at the Lords, we are looking at the Commons, we are looking at the judiciary, we are looking at all institutions where there will be a small percentage of paedophiles and a slightly larger percentage of people who have known about it but have felt that in terms of their own self-interest and self-preservation and for political party reasons it’s been safer for them to cover it up rather than deal with it.”
And when he was come to the other side into the country of the Gergesenes, there met him two possessed with devils, coming out of the tombs, exceeding fierce, so that no man might pass by that way.
29 And, behold, they cried out, saying, What have we to do with thee, Jesus, thou Son of God? art thou come hither to torment us before the time?
30 And there was a good way off from them an herd of many swine feeding.
31 So the devils besought him, saying, If thou cast us out, suffer us to go away into the herd of swine.
32 And he said unto them, Go. And when they were come out, they went into the herd of swine: and, behold, the whole herd of swine ran violently down a steep place into the sea, and perished in the waters.
Tuesday July 8 2014, 08:59:34 UTC 5 hours ago Long Valley area, California 1.0 6.2 USGS Feed Detail
Tuesday July 8 2014, 08:56:04 UTC 5 hours ago Long Valley area, California 1.6 7.3 USGS Feed Detail
Tuesday July 8 2014, 08:53:51 UTC 5 hours ago Long Valley Area, California 2.4 7.0 CSEM-EMSC Feed Detail
Tuesday July 8 2014, 08:53:51 UTC 5 hours ago Long Valley area, California 2.4 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:52:11 UTC 5 hours ago Long Valley area, California 1.1 6.1 USGS Feed Detail
Tuesday July 8 2014, 08:51:50 UTC 5 hours ago Long Valley area, California 1.2 6.9 USGS Feed Detail
Tuesday July 8 2014, 08:50:45 UTC 5 hours ago Long Valley area, California 1.4 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:49:14 UTC 5 hours ago Long Valley area, California 1.5 4.4 USGS Feed Detail
Tuesday July 8 2014, 08:44:13 UTC 5 hours ago Long Valley area, California 1.6 7.1 USGS Feed Detail
Tuesday July 8 2014, 08:42:34 UTC 5 hours ago Long Valley area, California 1.7 6.9 USGS Feed Detail
Tuesday July 8 2014, 08:39:51 UTC 5 hours ago Long Valley area, California 1.7 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:36:55 UTC 5 hours ago Long Valley area, California 1.7 7.3 USGS Feed Detail
Tuesday July 8 2014, 08:35:24 UTC 5 hours ago Long Valley area, California 1.6 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:32:07 UTC 5 hours ago Long Valley area, California 2.1 7.3 USGS Feed Detail
Tuesday July 8 2014, 08:31:04 UTC 5 hours ago Long Valley area, California 1.3 6.9 USGS Feed Detail
Tuesday July 8 2014, 08:29:58 UTC 5 hours ago Long Valley area, California 1.1 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:29:34 UTC 5 hours ago Long Valley area, California 2.4 7.0 USGS Feed Detail
Tuesday July 8 2014, 08:29:34 UTC 5 hours ago Long Valley Area, California 2.4 7.0 CSEM-EMSC Feed Detail
Tuesday July 8 2014, 08:28:58 UTC 5 hours ago Long Valley area, California.
…and this low intensity uptick in this California location just keeps moving. Something is going to give big time somewhere, and this area started it’s uptick right around when the 7 pointer hit two days ago now.
FLARE PROBABILITIES TICK UPWARDS: For the second day in a row, the odds of a powerful flare have increased. NOAA forecasters now estimate a 70% chance of M-flares and a 15% chance of X-flares on July 8th. The likely sources are sunspots AR2108 and AR2109; both have unstable “beta-gamma-delta” magnetic fields that harbor energy for eruptions. Solar flare alerts: text, voice
ELECTRIC-BLUE SUNRISE: This morning in Russia, the sunrise was electric-blue. Bright bands of noctilucent clouds zig-zagged like lightning across the twilight sky, continuing a two-day display that has delighted observers across northern Europe. Michael Zavyalov sends this picture taken July 8th from the city of Yaroslavl:
A remote-controlled contraceptive computer chip which would be implanted under the skin has been developed with the backing of Bill Gates. The chip, which would last for 16 years, would release levonorgestral daily, a hormone which is used to prevent pregnancy.
However with the new implant, a woman could choose when to deactivate or reactivate the chip using a wireless control.
It is designed to be implanted under the skin of the buttocks, upper arm, or abdomen.
The implant provides a long-term solution to birth control and would mean no more trips to the clinic or a procedure to remove the implant..