122114 Winter Solstice 2014
The Fed’s dual mandate as both arsonist and firefighter puts it in the untenable situation of relentlessly fighting blazes it lights. It spent most of 2014 trying to convert one zero-interest-rate policy (ZIRP; Figure 13) via the so-called taper to another (ZIRP-lite), the whole time babbling incoherently to maximize its flexibility to use data of its choosing at times of its choosing. Phrases like “macroprudential” and “central tendency outcomes” are all designed to conceal the real purpose behind their sado-monetary policy.
Life According to ZIRP seemed pretty good, but $4 trillion is a lotta scratch. A less aggressive approach would have been to monetize it more gradually at, say, $5 million of debt per day, but that would have required starting at the birth of Christ to hit the $4 trillion target. In the midst of the ’09 crisis, the Fed needed it fast—Damn the Torpedoes . . . Shock and Awe . . . Surge! Unfortunately, the notion that you cannot print your way to prosperity is gaining traction.
What took place in Washington over the past two weeks with the repeal of Dodd Frank and then the effective repeal of the Volcker Rule sounds strikingly familiar to at least three previous periods in American History that led to total disaster.
What the bankers just pulled off will lead to their demise. They have played with a historical fire that may end in actual bloodshed. It would not be the first time they have been dragged from their palaces and hanged on the streets. That is what the term “BLACK FRIDAY” really stood for – the day a mob hanged bankers on Wall Street.
With all the “talk” of diverging paths of monetary policy… one could be forgiven, if glancing at the chart above, for thinking the inevitable endgame of Keynesianism is very much at hand as first The BoJ, then The Fed, then Europe all enter ZIRP… and now NIRP…
We just have to get through today, and that should be easy, because the daytime will only last nine hours, 15 minutes and 13 seconds.
Sunrise is at 7:17 a.m., with sunset at a stupefying 4:32 p.m.
The winter solstice is marked every year by pagan celebrations, most famously at Stonehenge, in England.
As pagan author T. Thorn Coyle wrote in an essay on the Huffington Post: “In the Northern hemisphere, friends gather to celebrate the longest night. We may light candles, or dance around bonfires. We may share festive meals, or sing, or pray. Some of us tell stories and keep vigil as a way of making certain that the sun will rise again. Something in us needs to know that at the end of the longest night, there will be light.”
Today also marks the “official” start of winter, even if it represents a glimmer of hope for those who cherish the sun.
What is happening in the Muslim world, is happening right in the United States by demonically influenced people with anti-Christian sentiments. This is all the result of the anti-Christian atmosphere that has permeated the society. Evil acts like this, in this severity, did not happen in the 50s, in the 20s, or in the times before those era These are too many churches as it is, and there already countless other cases that have happened recently, too many to put here.
If we do not stop the anti-Christian venom that is inundating the society, then we must expect such violence and persecutions to happen more often.
Today’s quake is a part of ongoing swarm of earthquakes being registered in Molucca Sea. In last 30 days, USGS registered 60 strong earthquakes in this region with magnitudes ranging from 4.0 – 6.8. See the map and a list below.
Additionally, Mount Gamalama in North Maluku province of Indonesia which erupted at 13:41 UTC on Thursday, December 18, 2014, is located about 168 km SSE from the epicenter of today’s M6.6 earthquake. The eruption sent ash and rocks 2 km into the sky and forced the authorities to close an airport and issue warnings to planes. Nine people were injured, 4 of them seriously. As of press time, 1 person is still missing.
The death toll from Ebola in the three worst-affected countries in West Africa has risen to 7,373 among 19,031 cases known to date there, the World Health Organization said on Saturday.
Which translated means Saudi Arabia will patiently wait for those marginal producers who are currently losing cash to turn the lights out. It also means that until we find just who the first sovereign (or shale) casualty will be, crude prices are only going to go lower as the dumping strategy finally begins to bear results.
Now that two NYPD officers are dead because of a Muslim inspired by the Michael Brown and Eric Garner cases which include the likes of Sharpton profiteering from them, that race hustler would like people to believe he’s saddened by the loss:
Earlier this year in Ferguson, MO then New Black Panther Party (NBPP) leader and Muslim Malik Zulu Shabazz led a similar chant, though a bit more specific. Shabazz exhorted protesters to call for the death of police officer Darren Wilson, as Shoebat.com reported:
On December 2nd, Sharpton and de Blasio met with Obozo in the White House; on December 13th, Sharpton’s mindless minions called for ‘dead cops’; on December 20th, they got them.