Incidentally these are also some of the best big name “performers” this year. When the wind turns and the selling begins, we urge everyone to short these names first.
Back in June, the world was speechless when Goldman’s head of the ECB, Mario Draghi, stunned the world when he took Bernanke’s ZIRP and raised him one better by announcing the ECB would send deposit rates into negative territory, in the process launching the Neutron bomb known as N(egative)IRP and pushing European monetary policy into the “twilight zone”, forcing savers to pay (!) for the privilege of keeping the product of their labor in the form of fiat currency instead of invested in a global ponzi scheme built on capital market so broken even the BIS can no longer contain its shocked amazement.
Enter US NIRP.
As the WSJ reports, far from paying for the privilege of holding other people’s cash (and why would they with nearly $3 trillion in positive carry excess reserves sloshing around) US banks – primarily of the TBTF variety – “are urging some of their largest customers in the U.S. to take their cash elsewhere or be slapped with fees, citing new regulations that make it onerous for them to hold certain deposits.”
The banks, including J.P. Morgan Chase & Co., Citigroup Inc., HSBC Holdings PLC, Deutsche Bank AG and Bank of America Corp. , have spoken privately with clients in recent months to tell them that the new regulations are making some deposits less profitable, according to people familiar with the conversations.
In some cases, the banks have told clients, which range from large companies to hedge funds, insurers and smaller banks, that they will begin charging fees on accounts that have been free for big customers, the people said. Bank officials are also working with these firms to find alternatives for some of their deposits, they said.
The change upends one of the cornerstones of banking, in which deposits have been seen as one of the industry’s most attractive forms of funding, said more than a dozen corporate officials, consultants and bank executives interviewed by The Wall Street Journal.
One bank that is aggresively turning money away is the same bank for whom criminality is now an ordinary course of business, and has spent over $30 billion in recent years on legal charges and settlements: JPM.
Practically speaking, it means that before all is said and done, banks will be charging usurious rates of interest on even the smallest bank deposits, in a push to get every last “saver” to reallocate their wealth away from pieces of fiat paper into pieces of paper promises (held by the DTCC no less) to be paid by increasingly more cash-flow deficient companies.
And while it assures that the next market crash will be absolutely epic with everyone having gone all-in and nobody left with any dry powder, shorts to sover or “cash on the sidelines”, it also means that the S&P still has a ways to go: perhaps as high as Jeremy Grantham’s peak bubble level of around 2250 or higher, befire as Grantham himself predicted, the central-planners finally lose control and it all comes crashing down.
Alain Bokobza, head of the French bank’s global asset team, said much of Britain’s growth is driven by excess leverage and a housing bubble. “This is due to lax monetary policy that needs tightening. It is not sustainable,” he said.
The fact that the country is still running a budget deficit of 5.5pc of GDP so late into the cycle – at a stage when growth is mature, and should be generating a cascade of tax revenues – means the economy is fundamentally out of kilter. The UK risks falling afoul of markets once sentiment changes.
The irony of a French bank blasting Britain for failing to implement supply-side reforms might cause a few smiles in Paris, where socialist president Francois Hollande is pushing through a raft of Thatcherite reforms against bitter opposition. The bank insists that France is the new reform champion in Europe, and may soon leave Germany languishing in inertia.
So, what is happening here? I suggest there are three things.
First the Bank of England is suggesting that George Osborne may abandon his aim from 2010 to 2012 to diversify the economy. We’re now hooked on finance again.
Second, the Bank of England is paving the way for the OBR’s debt forecasts to be considered acceptable, even if the fact that they may result from rate rises will not create the extra consumption that the OBR wish for as a basis for growth.
And third, it is apparent that the risks are being ignored.
We are, in other words heading back to “it will be different next time” land where it is always assumed that the lessons have been learned, debt can be managed and there can’t be another crash, and yet there always is.
Without doubt, the most memorable line from the latest quarterly report by the BIS, one which shows how shocked even the central banks’ central bank is with how perverted and broken the “market” has become is the following: “The highly abnormal is becoming uncomfortably normal…. There is something vaguely troubling when the unthinkable becomes routine.”
Overnight, “markets” did all in their (central banks’) power to justify the BIS’ amazement, when first the Nikkei closed green following another shocker of Japanese econ data, when it was revealed that the quadruple-dip recession was even worse than expected, and then the Shanghai composite soaring over 3000 or up 2.8% for the session, following news of the worst trade data – whether completely fabricated or not – out of China in over half a year.
Blackstone’s well-timed IPO in 2007 was almost the perfect top-tick indicator as ‘the smart money’ private-equity guys cashed out into the public markets at peak euphoria. Earlier this year we noted that, among others, Blackstone was drastically ratcheting down purchases (and in fact selling what it could) US residential real estate – and with it withdrew the only pillar holding up the housing market. And now, in the biggest deal in 7 years, Blackstone is dumping a $3.5 billion commercial real estate portfolio. Given the recent declines in CMBX pricing, perhaps, once again, Blackstone is calling the top in another bubble…
Who’s the greater fool?
The Chinese stock market hit a four year high today at 3,020. This is up 53% since the middle of 2013 low and up 48% in the last six months. I guess this must mean the Chinese economy is operating on all cylinders. If you think so, you’d be wrong. Barron’s interviewed a no-nonsense woman who has lived, worked and analyzed China from within since 1985. Anne Stevenson-Yang has spent the bulk of her professional life there working as a journalist, magazine publisher, and software executive, with stints in between heading up the U.S. Information Technology office and the China operations of the U.S.-China Business Council. She’s now research director of J Capital, an outfit that works for foreign investors in China doing fundamental research on local companies and tracking macroeconomic developments.
This lady is about as blunt as you can get about Chinese fraud, lies, mal-investment, and data manipulation. The entire Chinese economic miracle is a fraud. The reforms are false. The leaders are corrupt and as evil as ever. The entire edifice is built upon a Himalayan mountain of bad debt.
The slave labor manufacturer for the world’s mal-investments since 2008 make Japan look like pikers.
Nothing like 50 million unoccupied housing units to create the greatest housing bust in world history. Maybe Blackstone can work its buy to rent strategy in China. It’s worked so well here in the U.S.
The Chinese home real estate market, mostly units in high-rise buildings, is truly bizarre. Many Chinese regard apartments as capital-gains machines rather than sources of shelter. In fact, there are 50 million units in China that are owned but vacant. The owners won’t rent them because used apartments suffer an immediate haircut in value. It’s as if the government created a new asset class that no one lives in. This fact gives lie to the commonly held myth that the buildout of all these empty towers and ghost cities is a Chinese urbanization play. The only city folk who don’t own housing are the millions of migrant laborers continuously flocking to Chinese cities. Yet, they can’t afford the new housing.
China should rename themselves Bad Debts R Us. I’m sure they can keep the bad debt balls in the air for another decade. Right?
China. Xi’s agenda of Confucian [moral] purification has nothing to do with opening up the economy or social reform. He wants to bolster the power of the Communist Party and tamp down the cynicism about the system that is increasing in China. This explains in large part his bellicosity in the South China Sea, quashing of dissent on the Internet and elsewhere, and heavy-handed attacks on non-Han populations like the Uighurs. He openly disdains Western democratic values. As for Xi’s much-ballyhooed anti-corruption campaign inside China, it offends me that international media depict it as a good-governance effort. What’s really going on is an old-style party purge reminiscent of the 1950s and 1960s with quota-driven arrests, summary trials, mysterious disappearances, and suicides, which has already entrapped, by our calculations, 100,000 party operatives and others. The intent is not moral purification by the Xi administration but instead the elimination of political enemies and other claimants to the economy’s spoils.
Nothing like a little blunt truth on the day the Chinese stock market hits a four year high. Nothing but smoggy skies ahead.
Perhaps – like Blackstone believes – the apartment market is going up in smoke…
As a reminder, the Hindenburg Omen is a trend and internals indicator:
In order for the Hindenburg Omen to hold true, says Tom McClellan, three events must occur in the same day:
The number of new 52-week highs and 52-week lows are greater than 2.8 percent of the advances and declines in the New York Stock Exchange.
The NYSE Composite Index is above the level it was 50 trading days ago.
The McClellan Oscillator (an indicator of whether a market is overbought or oversold) is below zero.
“If you get all of these events on the same day then we have this Hindenburg Omen. It’s good for 30 days, but it gets invalidated anytime the McClellan Oscillator goes back positive,” McClellan added.
As the minis went so the entire US market got smacked…
We are, in short, down to the final myth that animates the blow-off phase of most bubbles: that of the omnipotent government/central bank which likes the status quo and has the power to maintain it. They don’t have that power, of course, or else financial bubbles would never burst and we’d still be living in the golden age of junk bonds, dot-coms and subprime mortgages.
What’s different about this iteration is that instead of being confined to a single asset class, the bubble is in financial assets generally, including fiat currencies, government debt, corporate bonds and equities, along with all their related derivatives. Where previous bubbles accounted for hundreds of billions or at most one or two trillion dollars, this one is denominated in hundreds of trillions spread from emerging market bonds to money center bank interest rate derivatives. The number of moving parts and the magnitude of the hidden risks guarantee that when it comes, the dissolution of today’s myth structure will be like nothing any of us have ever seen.
Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt and more centralized control, until the only remaining choice is between deflationary collapse or runaway inflation. The people in charge at that point are in a box with no painless exit.
Praise the Lord!
My soul, praise the Lord!
2 I will praise the Lord all my life.
I will sing praises to him as long as I live.
3 Don’t depend on your leaders for help.
Don’t depend on people, because they cannot save you.
Then I saw a beast coming up out of the sea. It had ten horns and seven heads. There was a crown on each of its horns. It had an evil name written on each head. 2 This beast looked like a leopard, with feet like a bear’s feet. It had a mouth like a lion’s mouth. The dragon gave the beast all of its power and its throne and great authority.
Harvest Ministries Pastor Greg Laurie has warned that recent events such as the rise of Islamic extremism and the ongoing crisis in Israel prove that Christians are now living in the “last days” before the fulfillment of End Times prophecies revealed Revelations.
Mankind has been in a multi-dimensional battle of epic proportions since the beginning of time. This is a battle that transcends economics, geographic territory and natural resources; this is a battle for the future of reality. The series of crisis chaos events, such as the Russia, Ukraine, U.S., EU, NATO conflict, the ISIS terrorist attacks, the plan of the BRICs nations to topple the dollar with a competing world currency, the establishment of a global surveillance state, freak weather patterns, Artificial Intelligence, Transhumanism, Ebola-like pandemics and a spectrum of geopolitical conflicts are simply manufactured events designed to reconfigure reality.
The looming possibility of World War III, which would involve conflict with groups like ISIS, militant Islam, Russia, Iran, Iraq, Syria, America, and the EU was planned long in advance by people like Bertrand Russell, H.G. Wells and Freemason leader General Albert Pike, who in 1871 had a vision of three great world wars which included World War III. According to Pike, World War III would involve Israel and militant Islam, which would provoke a social cataclysm that would destroy both Christianity and atheism, which would cause a manifestation of the pure doctrine of Lucifer and a One World Order.
In a November 30 sermon entitled “Israel, Iran, ISIS and Bible Prophecy,” Laurie said that the numerous tragedies that have occurred around the world in recent years indicate that Christ’s return is “very, very close.”
“The last day’s events can be likened as I’ve said before to a lot of dominos [closely] stacked together…. There’s a chain of events that are going to unfold in rapid succession beginning with the emergence of the antichrist and ending with the battle of Armageddon and the return of Jesus Christ and once that first domino falls these things are going to happen like this,”
Pope Francis strayed into controversy recently when he said that, while he supported military action against Islamic State, he also would not rule out speaking to the group if it would help bring peace to Syria and Iraq. “It is difficult, one could say almost impossible, but the door is always open,” he said.
Many questioned whether the Pope had taken leave of his senses.
If there is one group of people that would be put at the top of the list of Sharia law advocates for punishment, it would almost certainly be lesbian Jewish Rabbis like Robin Nafshi. Yet, in what can only be described as a case of Stockholm Syndrome on steroids, Nafshi is standing up for Sharia law. In so doing, she’s fighting for her own extermination.
s the stealth jihadists no doubt laugh their heads off (pun intended) at the level of sheer ignorance displayed by Nafshi, she fails to understand that not only is she advocating for her own destruction but in so doing, she’s facilitating it. In fact, those whom she chides for being opposed to Sharia law are further down on the list of candidates to be subjected to that law.
To use a fattened calf metaphor, in such a case the farmer has to provide the feed, the facilities, the care and ultimately slaughter said calf, which is an unwilling participant.
In the case of Nafshi, as the figurative calf, she’s doing all that for the farmer while also fighting off predators that would kill her, not to protect herself but to save herself for the farmer.
California is not just a blue state with a Democratic governor and legislature. It’s home to almost one in eight Americans. And it has by far the nation’s largest population of undocumented immigrants — one in four live there, according to the Pew Research Center.
So in the very near future, undocumented immigrants who reside in California (some by virtue of having snuck illegally over the border) may be covered by publicly-funded health insurance while many U.S. citizens living in Texas and the Deep South will have no access to health insurance of any kind, thanks to the Republican war on Obamacare. (In Texas, more than one quarter of the population lacks health insurance, a number that seems stubbornly resistant to the charms of the “Texas miracle.”)
The U.S. also looks like two different places when it comes to guns and abortion. In Washington state, for example, where abortion law was recently liberalized, there are no waiting periods, mandated parental involvement or limitations on publicly funded abortion. In Mississippi, restrictions are plentiful, and the state government has been working steadily to shut the sole abortion clinic in the state. On guns, Connecticut voters reelected a Democratic governor who supported sweeping gun regulations in the wake of the Newtown shooting. In Georgia, you can now legally carry a loaded firearm into a bar.
Embattled MIT professor Jonathan Gruber has not only gotten in trouble for bragging about helping President Obama put one over on the American people with Obamacare, he’s also been uncovered as an abortion advocate—but not a run-of-the-mill advocate of “women’s rights.”
No, Gruber’s abortion advocacy is of a particularly pungent eugenics variety. He’s on record repeatedly making the case from social science that abortion is a “social good” because it reduces the number of “marginal children,” by which he means urban poor—those he says can be counted on to commit crimes if they were ever born.
Gruber co-authored a paper during the Clinton years which argued that legal abortion had saved the U.S. taxpayer upwards of $14 billion in welfare benefits and that it also lowered crime.
Gruber’s work heavily influenced other researchers, including a paper called The Impact of Legalized Abortion by Steven Levitt of the University of Chicago, whose later book Freakonomics and whose ongoing work makes the strongest case that abortion legalizations in the 1970s caused a dramatic drop in crime twenty years later.
Pro-lifers have always wondered why the black community has not responded more aggressively to the fact that so many abortion clinics are located in poor neighborhoods and why the black abortion rate is so much higher than whites.
Such hypocrisy and reverse-racism is breathtaking. The brutal truth is Sharpton, Holder and Obozo will never address this officer’s death because he was white and because they protect the black gangs out there. Officer Kevin Quick was kidnapped and murdered by four black gang members – they belong to the Bloods street gang known as the 99 Goon Syndicate out of Los Angeles. Quick was forced to drive from ATM to ATM to get money, then he was taken out in the woods and executed as a gang initiation rite.
It never really made the news and it certainly didn’t make Obozo’s talking points. No, he was too busy stirring a race war over a young thug who attacked a police officer, who then did his job and took that thug down. Obozo is now embroiled in nationwide protests created by radical groups at his bidding..
U.S. taxpayers shelled out nearly a quarter-million dollars in November, so Vice President Joe Biden could trumpet “diversity” to world business leaders in Morocco and boast that in 2017, “for the first time, Caucasians of European descent like me will be in an absolute minority in the United States of America.”
“I’ve … come here to an ancient Muslim nation at the crossroads of Africa, the Arab world and Europe to talk about what it takes for all nations to succeed in the 21st century” the vice president told the Global Entrepreneurship Summit, explaining that educational opportunities, the rule of law and freedom are the key factors to successful entrepreneurship.
Where those factors are absent, Biden said, people flee to where they are present, like the U.S.
The perfect example of the power of one sentence from God is when Jesus made a seemingly simple statement in Matthew 24:37:
But as the days of Noe were, so shall also the coming of the Son of man be. (Matthew 24:37)
Jesus was speaking of the last days. In the verse that preceded this statement, we find:
But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only. (Matthew 24:36)
Since we have been so deprived of our Hebraic heritage, most students of the Bible miss the fact that Jesus had just used a Hebraic idiom that connected what He was sharing with the Feast of Trumpets. The language He continued to use in verses 40–42 confirms this fact for those who use the tools of hermeneutical[i] research to understand the cultural setting in which Jesus taught. Although the purpose of this entry is not to teach on the importance of cultural idioms[ii] and their proper use within our exegetical[iii] exercises to glean truth from the Word of God, I hope I have sparked your interest enough to promote expansion of your hermeneutical toolbox. We need to realize that Jesus did not minister in the streets of Detroit or the country hills of Kentucky. He spoke to a culture that had a deep and enriched heritage cultivated by the God of Abraham, Isaac, and Jacob and nourished by a study of Torah. Biblical scholar Dr. John Garr makes this observation regarding our habitual dismissal of the cultural setting in our interpretative processes:
This also serves as a prophetic warning that there is a limit to how long God will extend His grace toward men.) The more time sinful man had to live and learn, the deeper he would become entrenched with the knowledge of the Tree of Good and Evil. If given enough time, man’s insatiable appetite for dark knowledge would transform earth into a literal hell that God could not tolerate. Today, transhumanists[v] are endeavoring to circumvent
Department of Justice, who sued Bridgewater. The DoJ has become the de facto legal arm of terror-tied Muslim Brotherhood groups in this country. What small town can go up against the U.S. government’s vast resources and endless taxpayer-funded muscle?
It speaks volumes about the three pillars (more like clubs) of the Islamization of the West – “interfaith dialogue,” “mutual respect” and “mutual understanding” – that they are absent when it comes to Muslim demands. Kuffar and infidels get no such mutual respect, mutual understanding and dialogue when it comes to mega-mosques and free speech. Where is reciprocity? Reciprocity with non-Muslims is forbidden under Islamic law (Shariah).
Outside groups are bracing for surprises in the massive government-funding bill the Congress is expected to consider next week.
The government will shutdown on Dec. 12 if Congress does not approve a new funding measure by then.
The $1.014 trillion bill funding most of the government through September 2015 is one of the last trains out of the station, as the 113th Congress is set to close shop on Friday.
Congress is poised to give a foreign mining company 2,400 acres of national forest in Arizona that is cherished ancestral homeland to Apache natives. Controversially, the measure is attached to annual legislation that funds the US Defense Department.
This week, the House and Senate Armed Services Committees quietly attached a provision to the National Defense Authorization Act (NDAA) that would mandate the handover of a large tract of Tonto National Forest to Resolution Copper, a subsidiary of the Australian-English mining company Rio Tinto, which co-owns with Iran a uranium mine in Africa and which is 10-percent-owned by China.
Wall Street is trying to sneak it into a bill needed to keep the government running. You can’t make this stuff up
They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook AGAIN for losses caused by the risky contracts. Big Wall Street Antichrist Mark Of The 666 Beast banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers.
^^^LMAO again. Sympathy for these devils? NO! Time to eat some fire boys and girls. The branches of so called government must burn with the bankers at this point. Our Father in Christ is not mocked. The measure of mercy surely is at end for all these fallen hosts given unto the Antichrist beast, and; declaring the prophetic image of Babylon’s want, having accepted the mark and seal of the prophetic permanent measure upon the labor aborted for the sake of their short lived will. The strong delusion declares their offer and confirms their witness against their own eternal salvation, as it is written of this last generation, they do perish.
one trader has finally had enough. From Bloomberg:
“Fed talk is losing its luster. Data is irrelevant unless it’s extremely weak or extremely strong,” says Todd Colvin, senior vice president at Ambrosino Brothers, a futures and options execution firm.
“This is the year the Fed is going to lose credibility when it gets to March or June and they announce why they’re not moving.”
Of course, the market could have called the Fed’s bluff years ago alongside Zero Hedge, spared itself decades of post-crash agony, and realized the Fed should have lost all credibility when it set off to centrally-plan every single asset price thanks to $3 trillion in reserves which have done nothing for the economy, and everything to make the rich, richer than they have ever been.
In any event, better late than ever, and we most sincerely hope that Todd Colvin is right: the failed monetarist central-planning experiment has gone on for far too long…
…if only in the world of currencies (for now)
“This aggression confirms Israel directly supports terrorism in Syria, in addition to the known Western and regional countries, raising the morale of terrorist organizations, led by Jabhat al-Nusra, an arm of al-Qaida in the Levant, and ISIS,” the head of the Syrian military said.
top aide to Russian President Vladimir Putin on Sunday accused Israel and the United States of training the Islamic State in order to undermine Moscow’s interests in the Middle East.
In an interview with Iranian state television, Alexander Prokhanov said that Mossad agents were training ISIS fighters in Syria and Iraq.
“ISIS is a tool at the hands of the United States. They tell the Europeans that if we (the Americans) do not intervene, ISIS will cause you harm,” he told PRESS TV.
What do two nations with a history of over 200 years of enmity and war do when they seek a change of discourse? Find a common enemy — real or imagined. For Russia and Iran, traditional foes since the 18th century, that common enemy is the United States, according to political circles in Moscow and Tehran.
Russian President Vladimir Putin dwelt on the idea last month during a speech in Sochi. He said the United States regards “Russia, because of its military might, China because of its rising economic power and Iran because of its nuclear program” as “enemies.”
On that basis, earlier this year, Putin tried to persuade China to transform the so-called Shanghai Group, set up to fight Islamic terrorism, into a fully-fledged military alliance that would also include Iran. When the Chinese wiggled out of the scheme, Putin focused his attention on “closer cooperation” with Tehran.
Analysts and policymakers in Moscow believe that Russia and Iran could use the remainder of Barack Obozo’s presidency to create “irreversible realities” in Eastern Europe, the Middle East and Central Asia.
The phrase “fortochka Obozo,” meaning “the Obozo window of opportunity,” indicates the belief that America’s next president might not be as pliable as the current one. Thus, Tehran and Moscow are trying to use the “fortochka Obama” to achieve a number of goals.
First among these is to drag out talks on Tehran’s nuclear program long enough for Iran to reach the so-called “breakthrough” stage, which some experts believe might take another two years. The next goal is to prop up what’s left of Bashar al-Assad’s regime in Syria to ensure that no alternative government structure can emerge there. Even if Assad controls what is known as “useful Syria,” that is to say 40 percent of territory with half the population, that would be enough.
The next goal is to reduce the effect of sanctions. Russia has already agreed to market $20 billion worth of crude oil on behalf of Iran, circumventing the US-led scheme to freeze a good part of Iranian oil revenues.
More important, Russia has agreed to help speed up Iran’s nuclear program. Last month an agreement to build two more reactors in Bushehr was signed in Moscow as part of an accord to double bilateral trade within the next five years.
Having supplied China with S-400 surface-to-air missiles, Russia is now expected to deliver similar weapons to Iran on the basis of contracts signed almost a decade ago. Russia and Iran are also working together to exercise influence in both Iraq and Afghanistan before some future US president tries to fill the policy created by Obozo’s confused and wayward policies. Using the opportunity created by the so-called Islamic State, Iran is building control on chunks of territory in northeastern Iraq with a view to secure a corridor linking it to both Syria and Lebanon.
Moscow and Tehran are also developing joint plans to modernize facilities in the Syrian port of Tartus used by both Russian and Iranian navies. By the time the “fortochka Obozo” is closed, Moscow and Tehran hope to have consolidated a firewall spanning a vast territory from the Baltics to the Persian Gulf, shielding them against what Putin and Iranian “Supreme Guide” Ali Khamenei designate as “American schemes.”
Obozo’s final two years may provide Moscow and Tehran further occasions for making hay while the sun of opportunity shines.
In an attempt to promote transparency in military activities between the two countries, Russia will conduct an observation flight over the United States as part of the Treaty on Open Skies between Dec. 8 and Dec. 13, Sergei Ryzhkov, head of Russia’s National Nuclear Risk Reduction Center, said Monday.
The flight will be launched from Travis Air Force Base in California and cover a maximum range of 2,640 miles. A group of U.S. specialists will also board the Russian aircraft to monitor the flight and to ensure that norms of the treaty are not violated. According to the U.S. Department of State, the Treaty on Open Skies allows 34 participating countries to carry out observation flights over each other’s territories to gather information through aerial imaging on military forces and activities that are of concern to them.
“Most of the world has no idea this treaty even exists,” U.S. Navy Commander Chris “Half” Nelson, who was overseeing the mission over Russia at the time, was quoted by Military.com as saying. “Whenever I mention that Russians fly aircraft over the U.S. taking pictures, it blows people’s minds.”
Signed in March 1992 in Helsinki, the Treaty on Open Skies came into force on Jan. 1, 2002. Russia ratified the treaty on May 26, 2001.
This morning multiple people, including myself and Live Free or Die, noticed massive Internet problems which at first we believed to be our own Internet connection, until others complained about the same issue.
Looking at a Real Time Web Monitoring site shows, as you will see in the video and screen capture below, that the entire United States of America is under some type of massive attack… supposedly. Other possibilities include some type of Internet test by the US government as a beta-test to see if they could shut us down totally if they ever decide they wish to do so.
Russia has a new strategic nuclear submarine that can shoot lighter Bulava missiles even when moving and even when under the Arctic Ice, according to a Russian political news portal, PRAVDA.ru. This new submarine is named Vladimir Monomakh and will be in the hands of the Navy of Russia by mid-December. Vladimir Monomakh is just the first round of the many nuclear submarines of its type under the Russia’s Project 955 Borei.
Conca notes that even the U.S. State Department has acknowledged that not only has the the U.S. nuclear arsenal fallen behind Russia but so has basic U.S. military technology. The U.S. State Department admits that America is now the underdog should hostilities involving nuclear weapons between the two nations actually break out. Obozo is out to lunch and seems oblivious to the threat. The Forbes investigation goes on to say that Russia is absolutely ready and their new long-range cruise missiles that are ready for mobile deployment by land or sea.
Putin announced his warlike intentions, last month, in that he plans to severely scale down nuclear security cooperation with the United States. Translation, Russia does not need, nor want, the protection it formerly achieved through limitations on nuclear weapons.
This aggressive posture, according to The New York Times, is seen as Russia’s way of saying that it requires no outside assistance in securing the country’s nuclear assets and network.
Or as observers would say, it could be Moscow’s strong message to the West and the United States in particular that it cannot be pressured about Ukrainian borders, where Russian troops are amassing by the tens of thousands.
Obozo continues to provoke Putin with needless sanctions which do nothing to address the crisis in Ukraine. Meanwhile, it has become clear that Putin is also planning a Red Dawn scenario for the United States. And of course, this would not be possible without the direct complicity of President Obozo.
In conclusion, it is one thing to intellectually understand how Obozo is destabilizing both the military and its leadership. However, it is emotionally earthshaking to be able to trace Obozo’s deliberate treason toward to our national defense. From a military perspective, we are in grave danger and this will be the topic of the next part of this series.
That news-report in the Times was published on July 24th, and yet only on December 5th was its meaning introduced online (which is where the critical audience increasingly is). Professor Michel Chossudovsky headlined “America is on a ‘Hot War Footing’: House Legislation Paves the Way for War with Russia?” and he placed the Times article into its broader context to show that, yes, indeed, NATO is gearing up for an invasion of Russia. The marketing plan is a great success.
Why, then, was that Times article so obtusely written and so boringly headlined? Once the new forward-strike headquarters is up and running just a stone’s throw away from Russia, there is bound to be public discussion of what’s happening and why. But, by then it will already be too late. More than four months have already passed and the world still hasn’t noticed what’s happening; so, NATO can say, “But, we announced it on July 24th.” No, they didn’t. The news was buried, just like NATO wants to bury Russia.
Anyone who does not think that the U.S. is leading the global fascist charge now, just as Germany was doing in the 1940s, doesn’t understand what is happening, nor why.
Ukraine’s Defence Ministry said that pro-Russia separatists had been pounding Ukraine’s forces about 33 times from the evening of Dec 7 to Dec 8. While this is considerably alarming, the Defence Ministry said that this figure went down as compared to 58 times of shelling in the night of Dec 6. “The overall activity of the rebels has fallen along the whole length of the front line compared to yesterday. Activities to strengthen fortifications are under way,” the ministry told Bloomberg.
The Ukraine crisis had been the worst conflict among Russia, the United States and the European Union since the end of the Cold War, Bloomberg noted. The U.S. and the European Union, even Australia, are vocal with their accusations that Russian President Vladimir Putin is supplying weapons to the rebels to heighten the crisis.
One person who was present at the scene, Moth Dust, a photographer, said people became aggravated after the LRAD was used and began throwing trash and rocks in the direction of police. She said she was affected by the sound waves.
“I thought I was fine until I realized I was getting dizzy and migraine was spreading to all over my face,” she said.
Footage captured by YouTube user James C shows the weapon in use beginning at the 1:58 mark. Protesters scattered in response to the sound, and either a live officer over a PA system or an automated voice intermittently told protesters between sound blasts that they could not interfere with “vehicular traffic” without risking arrest. The LRAD is deployed multiple times throughout the 5:00 minute video clip.
Stupidity has a price — in this case the price is that you get to live under a freeway overpass.
If one ignores all traditional, staple indicators of a growing economy, such as stable (not plummeting) crude demand, stable (not plummeting) holiday spending and stable (not plummeting) McDonalds comp store sales, then indeed the US economy has “decoupled” from the rest of the world, and those who wish to demonstrate the same intellectual capacity as Tim Geithner, will welcome you to the (latest non-)recovery.
And yet for those, who are leery of seasonally-adjusted government data (showing soaring low-wage jobs offset by crashing employment in the energy sector and M&A synergies which mysteriously are never captured), or sentiment surveys and confidence polls (of Wall Street executives and government workers), here is the latest data from McDonalds. Showing the worst US comp store sales in nearly 12 years at -4.6%, one does wonder if following America’s inability to even pay for sub-$1 meals, mass starvation will follow?
And for all those who are blissfully ignoring the impact of the soaring USD on corporate profits, here is a wake up call from McDonalds:
The following items are expected to negatively impact fourth quarter results
$0.07 to $0.09 per share due to strengthening of the U.S. dollar against nearly all foreign currencies
But… but… lower oil prices!?
December 8, 2014 A federal court has renewed an order allowing the government to continue unchecked its bulk collection of Americans’ phone records, a decision that comes nearly a year after President Obozo promised to end the spying program in its current state
But, they add, the facial coding program only runs if you opt in. It won’t operate secretly.
“We’ve had people a little bit wary on it, but I think we’ve had a fairly decent uptake in terms of people who’ve actually trialled it,” Alex Hayes from Mumbrella said.
Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.
Mercury confirmed December 7th, how very interesting, such timing …and measure, considering; Israel’s attack on Syria, looking back to the call for a 911 Pearl Harbor Event path into Iraq, FDR’s leading secret masonic World War map maker’s weapon of mass destruction event post December 7th measure(s) sealing the dollar debt note 2nd of Sirius ”In (g)od We Trust” ”I am become the destroyer of worlds’ ‘ global bank new world order suicide vampire squid of the Great Wal Mart Of Chia image and lethal demand(s) marked upon labor.
Operators at the Johns Hopkins University Applied Physics Laboratory, confirmed at 02:53 UTC on December 7, that New Horizons, operating on pre-programmed computer commands, had switched from hibernation to “active” mode. Moving at light speed, the radio signal from New Horizons – currently just over 260 million km (162 million miles) from Pluto – needed four hours and 26 minutes to reach NASA’s Deep Space Network station in Canberra, Australia.
Like other members of the Kuiper belt, Pluto is composed primarily of rock and ice and is relatively small: approximately a fifth the mass of the Earth’s Moon and a third its volume. It has an eccentric and highly inclined orbit that takes it from 30 to 49 AU (4.4 – 7.4 billion km) from the Sun. This causes Pluto to periodically come closer to the Sun than Neptune.
Wait, so the central banks’ central bank is openly chastising one of its own now and for what: for stabilizing the market and preserving the unstable euphoria that the BIS has been warning about for so long?
Does this mean that the BIS is now openly calling for a crash? Perhaps, what is clear is that even the BIS, or the “good cop” (if only for the middle-class, certainly bad cop for the 0.01%-ers) is now shocked by just how broken the markets have become as summarized in the following line:
The highly abnormal is becoming uncomfortably normal. Central banks and markets have been pushing benchmark sovereign yields to extraordinary lows – unimaginable just a few years back. Three-year government bond yields are well below zero in Germany, around zero in Japan and below 1 per cent in the United States. Moreover, estimates of term premia are pointing south again, with some evolving firmly in negative territory. And as all this is happening, global growth – in inflation-adjusted terms – is close to historical averages. There is something vaguely troubling when the unthinkable becomes routine.
So yes, thank you for confirming – years after most who still follow the farce that is the “market” with an open mind – just how absolutely broken it is thanks to central bankers.
And here is the rub, because for the BIS to be complaining about broken markets is nothing short of peak hypocrisy.
Why? Exhibit A: the BIS board of directors
So, dear BIS thinkers, philosophers, and commentators: the next time you wish to warn the general public about how fucked up everything has become, maybe you can throw some of these “rational” ideas around your next Board meeting first and ask the economist sociopaths who are sitting on the CTRL-P buttons at printing presses around the globe to maybe take it a little easier with the wholesale, worldwide destruction of not only fiat currency but every single “market”.
Oh, and while you are at it, please tell Benoit Gilson to slam paper gold to triple (and, if possible, double) digits ASAP: unlike the world’s chasers of momentum who only buy an asset if it becomes more expensive on hopes greater fools will buy it back from them, there are those who actually know a good deal that won’t last when they see it.
Update 09:07 UTC : Today’s earthquake is a lot stronger than the M6.0 earthquake from yesterday.
A very strong and shallow earthquake measuring M6.6 (USGS) on the Richter scale was registered off the coast of Punta de Burica in the Panama – Costa Rica border region at 08:54 UTC on December 8, 2014. This quake comes 2 days after M6.0 hit the same region.
USGS reports a shallow depth of 20 km (13.4 miles). EMSC is reporting Mw6.5 at depth of 20 km.
Monday December 8 2014, 09:52:03 UTC 37 minutes ago East Of Kuril Islands 5.6 40.0
Monday December 8 2014, 09:45:49 UTC 43 minutes ago Potosi, Bolivia 3.4 114.0
Monday December 8 2014, 08:54:54 UTC 94 minutes ago Panama-costa Rica Border Region 6.5 20.0
Monday December 8 2014, 08:54:54 UTC 94 minutes ago south of Panama 6.7 10.0
Monday December 8 2014, 08:49:29 UTC 99 minutes ago Near Coast Of Southern Peru 5.3 123.0
The number of volcanoes that are erupting continues to rise, and scientists cannot seem to explain why this is happening. In 2013, we witnessed the most volcanic eruptions worldwide that we have ever seen in a single year, and this increased activity has carried over into 2014. In recent months, we have seen major volcanoes roar to life in Russia, Peru, Hawaii, Reunion Island, Indonesia, and all over Alaska. It is highly unusual for so many volcanoes to all be erupting at the same time.
According to Volcano Discovery, a whopping 34 volcanoes are erupting around the globe right now. This is sending a massive amount of dust and ash into the upper atmosphere, and it may explain why many parts of the planet are experiencing strangely cold weather at the moment. If this trend continues, we could potentially be facing years of crop failures and widespread famines all over the world.
And what we have witnessed already may just be the beginning. There are several more very large volcanoes around the globe that scientists are extremely concerned about right now.
The possibility of volcanic eruptions substantially cooling our weather is the biggest “climate threat” that we are facing by far.
Without warm summers and plenty of sunshine, our crops will not succeed.
And global food supplies are already stretched to the limit. Just this week we learned that one out of every nine people in the world does not have enough food to eat.
What would happen if global food production was cut by 10 or 20 percent for a few years
Eruption of Fogo volcano intensified on Saturday, December 6, and destroyed almost the whole village of Portela. According to news reports, the lava flow has now reached Bangaeira, a village downslope of Portela.
Tuesday December 9 2014, 02:01:36 UTC 21 minutes ago Bougainville Region, P.n.g. 5.3 60.0
Tuesday December 9 2014, 01:39:00 UTC 43 minutes ago Antofagasta, Chile 4.7 135.0
Tuesday December 9 2014, 01:31:10 UTC 51 minutes ago Southern East Pacific Rise 5.1 10.0
Tuesday December 9 2014, 01:22:39 UTC 60 minutes ago Offshore Atacama, Chile 2.9 32.0
Tuesday December 9 2014, 01:09:26 UTC 73 minutes ago Tonga 4.7 78.0
Tuesday December 9 2014, 01:02:03 UTC 80 minutes ago Antofagasta, Chile 3.5 124.0
Tuesday December 9 2014, 00:36:38 UTC 106 minutes ago Antofagasta, Chile 3.0 120.0
^^^Very interesting quake timing across pacific coast of South America to Solomon Islands region,