March 20th 2015 Mid-Shemitah Once In 100,000 Year(s) North Pole Solar Eclipse Equinox Mark Time Adar 29/Nisan 1 A Time For Judgment
All of these military exercises have taken place during Putin’s absence or on the first day of his return. Did somebody have a stern talk with Vladamir while he was gone? At the end of the day, it does not matter. Russia has committed its military forces to a very clear course of action and World War III only appears to be unavoidable from the Russian perspective.
We know that scientists are bringing back the plagues of old, justifying this by claiming they are using these old viruses to create new vaccines. Further, the military has been working on biological weapons for decades, so one can only imagine the kinds of viruses they have in their back pocket.
But one can’t help but think that maybe the public is being set up for future programs that will require forced vaccines.
In recent months we have seen the reemergence of measles in the United States. Though no one has officially pinpointed the cause, it is suspected that the government’s open border policy may be to blame. But the debate over measles centered not so much about how this supposedly extinct outbreak got here, but that everyone needs to be vaccinated.
We’ve heard similar arguments about a coming Ebola vaccine. Though not yet tested, we are already hearing calls for forced vaccinations should one be developed. Amusingly, there’s even talk of a combined Ebola/Measles vaccine.
The end-game is not yet clear, but given that the highly respected Bill Gates is warning of uncontrollable epidemics, there are a couple of scenarios that immediately come to mind. First, the Executive Branch of the United States has no qualms about using Executive Actions and Orders to implement policy, so forced vaccinations could well be on the way should the right crisis strike, and they’ll come complete with widespread martial law declarations. Second, and perhaps even more frightening, is that Bill Gates has inside knowledge of a deadly disease that may soon be unleashed.
While most of us have been busy thinking about net neutrality, guess what Google has been doing. The leading search engine has decided to change the criteria it uses for ranking content on the internet, so that content will no longer be ranked by popularity, as it has been since the beginning. The new ranking system will instead use what it has determined to be ‘truth’ as its ranking tool. This Orwellian move opens the door for Google to homogenize thought and become the global arbiters of truth, with the ability to send content it declares as ‘untrue’ into the dustbin of obscurity.
On Wednesday morning (3/18/15), Google AdSense suspended ad delivery to Antiwar.com demanding that we remove our 11-year-old pages that showed the abuse by US soldiers of Iraqi detainees at Abu Ghraib. We publicized this and got a bit of coverage.
Yesterday (3/19/15) Google contacted us and told us that they had given in and would be restoring ad service to Antiwar.com shortly.
However, this morning they contacted us demanding that we remove this article.
Antiwar.com has no intention of allowing Google to dictate our content. We are looking into alternate sources of advertising and will not likely be working with Google AdSense in the future.
As we move closer to a pivotal moment in history, today the top trends forecaster in the world spoke with King World News about a great danger that is now threatening the world. He also warned that we have never seen anything like this in history.
Gerald Celente: “One of our top trends for 2015 is ‘Bankism,’ and yesterday the Federal Reserve proved our trend 100 percent correct. This is no longer capitalism. Read the top story from the Financial Times on Wednesday, ‘Fed Rate Rise Risks 1937-Style Market Slump.’….
This Yellen scheme is a disgrace to America. When you see the pressure that came from the corporate sector, it could not be more obvious. So it’s not only ‘Bankism,’ it’s Wall Street welfare. This is fascism — the merger of state and corporate powers. The Fed bent to the corporate pressures coming from Wall Street and the high stakes gamblers.
Now when Jesus saw great multitudes about him, he gave commandment to depart unto the other side. 19 And a certain scribe came, and said unto him, Master, I will follow thee whithersoever thou goest. 20 And Jesus saith unto him, The foxes have holes, and the birds of the air have nests; but the Son of man hath not where to lay his head. 21 And another of his disciples said unto him, Lord, suffer me first to go and bury my father. 22 But Jesus said unto him, Follow me; and let the dead bury their dead.
23 And when he was entered into a ship, his disciples followed him. 24 And, behold, there arose a great tempest in the sea, insomuch that the ship was covered with the waves: but he was asleep. 25 And his disciples came to him, and awoke him, saying, Lord, save us: we perish. 26 And he saith unto them, Why are ye fearful, O ye of little faith? Then he arose, and rebuked the winds and the sea; and there was a great calm. 27 But the men marvelled, saying, What manner of man is this, that even the winds and the sea obey him!
28 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?
But as the days of Noah were, so shall also the coming of the Son of man be.
38 For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noah entered into the ark,
39 And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
Drought or no drought, when if comes to spraying the homeless, there seems to be plenty of water available.
I’ve covered the plight of the homeless in America in recent years as another manifestation of the erosion of decency, empathy, morality and kindness throughout much of our culture. As a society, we’ve become increasingly obsessed with youth, materialism, power and short-termism, tossing aside wisdom, real joy, soulfulness and connectivity. One of the symptoms of this unfortunate transformation can been seen in how we treat the least fortunate and most vulnerable around us, particularly the homeless (see: In 33 U.S. Cities, Feeding the Homeless Has Been Criminalized).
Of all the institutions you’d hope to take a different stance toward the weak and struggling, places of worship would be at the top of the list. Not so for Saint Mary’s Cathedral in San Francisco, which admittedly sprays sleeping homeless people with water in order to keep them away.
In his most recent attempt to centralize the federal government’s grip on America, Obozo has launched his “21st Century Policing” pilot program, COPS, in six cities across the country.
The cities chosen for the COPS pilot program are Minneapolis, Fort Worth, Pittsburgh, Stockton, Birmingham and Gary, IN. As mentioned by Obama’s 21st Century Policing Task Force, the founding premise for this federal takeover is supposedly the rampant racism of the American police, who victimize poor, innocent populations for no other reason than color. Gary is a city with an 83% black population; only ten percent of its citizens are white; the demographics of Gary are just further evidence of the fallacy of this take over. Gary is a crime-riddled, liberal stronghold, eager to prove to the Big Antichrist NWO 666 Brother Obozo The 911 Clown that they are in need of federal oversight and a big fat mark of the beast check. Their Antichrist NWO 666 federal handout amounts to $4.7 million PetroDebtNote Dollars, supposedly to provide training as well as dictate policy and fund the perpetual bottomless black hole pit of research in Hell, into the issue of distrust between 666 sealed citizens slaves and Antichrist NWO 666 law enforcement.
Friday’s solar eclipse will be the last one visible in Israel until 2020.
Israeli astronomy enthusiasts will turn their (protected) eyes to sky late Friday morning, to view a partial solar eclipse – the last solar eclipse expected to be visible in Israel for the next five years.
The peak of the eclipse in Israel will occur at 11:56 a.m., when the moon will hide about 6 percent of the sun
Israel is located only at the southern edge of the eclipse’s visibility range. The eclipse will hit its greatest intensity at 9:45 a.m. coordinated universal time (11:45 a.m. Israel time), and will occur in the Norwegian Sea, about halfway between mainland Iceland and Norway and due north of Denmark’s autonomous Faroe Islands, according to data from NASA’s Solar System Exploration Division.
So to summarize:
the stock market flash crash of May 6, 2010
the Treasury bond flash crash of October 15, 2014
and now the US Dollar flash crash of March 18, 2015
And all of this happening as the “market” is rising, and as of today, poised to set new all time highs.
What happens when the real selling actually begins, and what little liquidity exists even now, is completely gone. The answer? Exchanges will simply close down and refuse to open or satisfy any asset liquidation demands, indefinitely, until either the Fed can once again bailout the system, or when the US government finally makes the sale of any asset, illegal.
Benjamin Netanyahu’s stunning victory in the Israeli elections has led to an eruption of media criticism against the Jewish state and its newly re-elected leader.
But amidst growing concern that Israel will be diplomatically isolated, religious experts warn that such international opposition is not only inevitable, it is necessary to fulfill God’s plan in what many believe are the coming end times.
One of the leading voices warning of the growing hostility to the Jewish people is bestselling author Joel Richardson, whose shocking new blockbuster “When a Jew Rules the World: What the Bible Really Says About Israel in the Plan of God” was released on the very same day as the Israeli elections.
In an exclusive interview with WND, Richardson called the timing “providential” but cautioned the results of “one of Israel’s most important critical elections in its lifetime” do not spell an end to trouble for the Jewish people.
“Although Antichrist NWO 666 President Obozo The 911 Clown is no doubt not happy with the results of the election, those who support Israel and her security are breathing a sigh of relief that Antichrist NWO 666 Netanyahu 911 was re-elected. But as Christians, we also know that regardless as to who is the prime minister of that nation, Israel’s only real security can come from trusting in the Lord.
“In the days ahead, as we draw closer to the fulfillment of the covenant promises of God to the sons of Israel, the rage of Satan and the nations will only increase. What we are seeing now with Antichrist ISIS and Iran is nothing compared to where it will go.”
Pastor Carl Gallups sounded a similar theme. In an interview with WND, Gallups, author of the bestelling “Final Warning: Understanding the Trumpet Days of Revelation,” suggested the Israeli people understood the threat posed by nations like Antichrist Iran, even if the mainstream media and the Antichrist NWO 666 Obozo 911 Clown administration do not.
Just exactly what do current Middle East events mean? Find out in “Final Warning: Understanding the Trumpet Days of Revelation.”
“The people of Israel have spoken. It seems that the majority of Israelis do not want Antichrist Iran to have nukes, do not support the Antichrist NWO 666 Obozo 911 Clown administration negotiating with Antichrist Iran regarding the procurement of nuclear weapons, do not want the Antichrist Arab Palestinians to have a separate Antichrist state (especially if it involves a land give-away on the part of Israel), do not want militant Antichrist Islam to dominate the Middle East, and do want more Antichrist Jewish settlements to be built.
“World events continue to unfold – all centered around Israel and its right to exist and defend itself – just as the Bible foretold thousands of years ago.”
Pastor Mark Biltz agrees that current events in Israel are the fulfillment of a divine plan. The pastor of El Shaddai Ministries and the original discoverer of the four Blood Moons teaching declared, “I believe God was in total control of the elections regardless of the outcome.”
Biltz, author of “Blood Moons: Decoding the Imminent Heavenly Signs” and host of the “Blood Moons” DVD says that signs sent by God warn Christians that the world is about to enter a whole new age.
Specifically, Biltz points to a solar eclipse that will take place on Friday as an indication that “time goes back to the beginning as everything is coming into alignment.”
Biltz explained, “This solar eclipse is also a super dark moon and it is over the North Pole, a first in 100,000 years. The last total solar eclipse on the March equinox occurred back in 1662 on March 20. It was in the southern hemisphere.”
“What is happening this week will be a first time ever in human history event.”
Biltz believes the timing of the eclipse followed by the appearance of the next Blood Moon signifies that momentous events are soon to follow.
“Having this once in a lifetime solar eclipse aligned with the spring equinox as well as the beginning of the religious calendar all on Nisan 1, just after Israel’s elections, is definitely a sign from the heavens. This is followed two weeks later by a Blood Moon, a total lunar eclipse on Passover, the very day all the firstborn of Egypt died about 3,500 years ago.”
According to Biltz, Antichrist NWO 666 Netanyahu 911 victory is a sign that he has been chosen to lead Israel at this critical juncture. As he put it, “God was putting the one He wanted at the helm of Israel for the perilous times they are entering.”
Laurie Cardoza-Moore, who was named special envoy for Middle Eastern affairs to the World Council of Independent Christian Churches for her expertise on Middle East affairs and Jewish-Christian relations, agrees that Netanyahu has been “raised up for a time such as this.”
In an exclusive interview with WND, Cardoza-Moore stated, “What is happening right now, what is unfolding, is bigger than any world leader is able to understand. All the strategies of man will not work against the nation of Israel.”
Cardoza-Moore specifically identified Obozo’s attempt to manipulate the Israeli elections as an example of this failure.
“Obozo puts all these millions of dollars and use the same kind of campaign that got him elected to try to unseat Antichrist NWO 666 Prime Minister Netanyahu 911. It didn’t work. And he will pay a price.”
Cardoza-Moore called Antichrist 911 Netanyahu “the key statesman of our world and the Churchill of our age” who is the “only one who understands what is happening in the Middle East and around the world.”
But the Antichrist NWO 666 U.N. special envoy warned that Scripture states that Israel is likely to face greater threats in the immediate future.
“We know that we are living in the last days. If we look at the policies of the Antichrist NWO 666 United States government and the Antichrist NWO 666 United Nations, we can see that they are dividing up the land of Israel. And Obozo tried to bring down the King David (King Solomon) of our time, for it’s God who raises up kings and brings them down.
“We must remember the final battle takes place against the enemies of Israel. And though Israel must face the wrath of nations around the world for prophecy to be fulfilled, military history doesn’t apply to Israel. God says, ‘I will bless those who bless you, And I will curse him who curses you.’” (Genesis 12:3)
Also drawing on Scripture, Joel Richardson says understanding the role of Israel and the Antichrist Jewish people is critically important for Christians to comprehend the end times and how God expects them to act.
“I’m happy to see Islamic Antichrist, a book that is now several years old, once again a No. 1 bestseller, but I truly believe that ‘When a Jew Rules the World’ is my most important book to date.
“Christians need to equip themselves to understand what the Bible says regarding Israel and how it is that we are to stand with her in these last days.”
And Biltz judges the real tests for Christians and everyone else are just about to begin.
“I say fasten your seat belts as this world is about to go on the ride of its life. We are back to square one and a new era begins.”
In a Nowruz (Persian New Year) video address, Obozo said that a “reasonable Antichrist NWO 666 nuclear deal… can help open the door to a brighter future for you, the Antichrist Iranian people.
“I believe that our nations have a historic opportunity to resolve this Antichrist NWO 666 issue peacefully — an opportunity we should not miss,” added Obozo The 911 POTUS Clown.
In an apparent response, Antichrist Iranian Foreign Minister Mohammad Javad Zarif said it was the other side that had to make a Antichrist NWO 666 decision.
“Antichrist Iranians have already made their choice: engage with dignity(AKA Antichrist Islamic Suicide). It’s high time for the Antichrist NWO 666 US Obozo Clown Team and its Antichrist NWO 666 allies to chose: pressure or the prophetic tribulation agreement,” Zarif wrote in a message posted on his official Twitter account.
Antichrist Iran and six world powers — the US, China, Russia, Britain, France and Germany — are seeking to agree on the outlines of a Antichrist NWO 666 deal by March 31 after more than a year of negotiations.
The mooted agreement, due to be finalized by July, is aimed at convincing the world after a standoff now in its 13th year that Antichrist Iran won’t build nuclear weapons under the guise of its civilian program. Nobody believes they are not going to blow up a nuclear weapon for a moment, because their Antichrist Shia Mahdi Meathead demands it now.
Antichrist NWO 666 President Barack Obozo The 911 Clown always gets what he wants. He circumvents the Constitution, and circumvents Congress, to do it, but he always gets what he wants in the end. I am sure it is frustrating to him that the Republicans refuse to be a rubber stamp for Obozo’s foreign anti-American policies. But, despite the “obstructionists,” as he likes to call them, in Congress, Obozo has succeeded in federalizing a number of issues, creating racial divide, and knocking America down a few notches on the world stage.
Israel’s Antichrist NWO 666 Prime Minister Benjamin Netanyahu is not as easy to bully, as are the cowardly congressional Republicans. Netanyahu is standing firm on his positions, and recognizes the dangers posed by his Antichrist Islamic neighbors, and Obozo’s Antichrist liberal left calls for appeasement. The Antichrist Iran deal that Obozo, and fellow Antichrist international leftists, are trying to negotiate is a dangerous one, and Netanyahu has called it that from the start. So, what does Obozo do when those around him won’t play ball? He does as he’s done with Congress, and the Constitution. He circumvents them.
The prophetic tribulation time two-state solution, as it is called, involves Israel giving up some of her territory to the Antichrist Palestinians, so that they may have a country of their own. However, that will not create peace. Antichrist Palestinians are not a people without a nation. They are refugees, they claim, seeking to return to their home, but in reality they are Jordanian and Crete rejects. They are Antichrist Islamists intent on creating more havoc against Israel. Their solution is no Israel, and Netanyahu knows it.
The reality of what will happen if a two-state solution is imposed on Israel was played out already when Israel retreated from Gaza. Immediately, Gaza fell into pro-terrorist hands, and immediately Gaza began to shell Israel with continuous attacks. And then, when that happened, the worldwide community accused Israel for being the aggressor.
Mr Netanyahu himself has flip-flopped on his comments about a Antichrist Palestinian state and his call to drown out Arab voters.
But the damage is done. Campaign rhetoric can be dismissed – but this is also a clarifying moment for all those who still hoped for a Antichrist peace process.
No matter what Mr Netanyahu says now about Antichrist peace, the Antichrist Palestinians can claim he simply doesn’t mean it.
On Antichrist Iran, Mr Netanyahu’s return is Mr Obozos loss and it will make Republicans in Congress even more adamant to fight a deal.
He also repeated a frequent criticism of Mr Abbas’s decision to form a unity government with militant Antichrist Islamist group Antichrist Hamas, which is sworn to Israel’s destruction.
And he criticised the idea that Israel might hand over territory to the Antichrist Palestinians at the current time.
“Every territory that is vacated in the Middle East is taken up by Antichrist Islamist forces,” Mr Netanyahu said.
woman who reportedly burned a copy of the Antichrist Koran inside a riverside shrine in the Afghan capital was surrounded by an angry crowd, set ablaze and dumped into the chilly waters Thursday evening in a startling act of Antichrist muslim mob violence.
The parents of the 32-year-old woman, who died in the attack, told authorities her name was Farkhunda and that she suffered from mental illness, said Farid Afzal, head of investigations for Kabul police.
Police were still investigating the incident and offered few details, but said they had arrested four suspects. Witnesses said that a huge throng of people had gathered at the scene to watch, some scaling the walls alongside the river, others climbing to the roofs of multi-colored stalls lining the streets of the crowded outdoor market where the Antichrist Shah-Do Shamshira shrine sits.
“They broke the railing above the shrine itself, that’s how strong they were,” said Shah Jahan, a shopkeeper, who estimated the crowd was in the thousands. “You couldn’t see past the people.”
It was not immediately clear how many people carried out the Antichrist attack, or whether a crowd egged on the woman’s assailants, but it was believed to be the first time that someone in Antichrist Afghanistan had been killed for burning a copy of the Antichrist Muslim (un)holy book.
In 2012, after U.S. personnel inadvertently burned copies of the Antichrist Koran at the sprawling Bagram air base north of Kabul, deadly protests erupted in several cities, underscoring the depth of anger felt by many Afghans against coalition forces stationed in the country.
The “laws of God” are enforced by mob violence? I don’t think so. I think there is a third set of laws, created by the immoral as justification to do their evil. One day they will learn what God’s law really means.
Rare celestial event at the North Pole, ahead of the 3rd of 4 ‘blood moons,’ to be marked in Jerusalem with 2 minutes of interfaith prayer near the Temple Mount
While some Christian leaders debate whether the current celestial tetrad phenomenon — four blood moons in two years — signals the end of times, ahead of this Friday’s once-in-100,000-years full solar eclipse over the North Pole, a fledgling Israeli-American interfaith organization is ascribing to the heavenly displays a decidedly optimistic and universal spin.
Blood moons are full lunar eclipses in which the sun’s rays entering through the earth’s atmosphere make for a red, or blood-like appearance. Two instances of the current tetrad have already occurred, on April 15, 2014 (the Jewish Passover) and October 8, 2014 (Sukkot, or the Feast of the Tabernacles). The next blood moon is scheduled for April 4, 2015, the first day of Passover this year and two weeks after the upcoming solar eclipse.
And the day is not even halfway done. Expect many more algo-induced market freak outs now that not only the biotech sector…
… but the entire S&P500 is back in parabolic blow off top mode.
As for the market, which is now nothing more than a daily crime scene, events like these will continue as long as they provide short-term, paper benefits to more than half of the trading population. It is only after the crash that the wrath of the regulators, misplaced for the past 7 years, will magically reappear.
Earlier today, when previewing today’s quad witching day, we casually predicted that a “vol surge” lay ahead. What we really meant was a vol of vol surge, because just over an hour into today’s trading, an HFT algo briefly lost it as it sent the critical VXX ETF (whose continued decline today has assured that the June E-Mini contract is now trading solidly above 2100 and pushing the S&P to fresh record highs).
… Which in turn led to a matched and just as ridiculous move in VIX:
The new game: $VXX induced arbitrage, faster, and better than you. This went down in 3 seconds:
Bad #HFT algo in $VIX – 33% of all U.S. stock trading in these symbols. Chart shows 10 seconds
We will leave it to the chartists to provide an appropriate name for the formation shown below (mutation unchallenged head and shoulders?) but one that is obvious is that global stocks as measured by the MSCI world index have never been higher, and the global central bank bubbe has now easily surpassed both the dot com bubble and the first housing/credit bubble.
But why the surge? We will leave that one to the economists, but we will observe that as BofA comments, “global equity 12-month forward EPS has turned negative on a YoY basis (-6.7%).”
In fact, as the chart below shows, global forward EPS is now plunging at the fastest rate since Lehman, and is down to levels last seen in 2011.
Incidentally, this shoudl not come as a surprise to those who recall our
article that in the most recent period, the “Global Dollar Economy
Suffers Biggest Plunge Since Lehman, Down $4 Trillion.” It only makes sense that as global GDP denominated in the reserve currency tumbles, it will drag global Earnings with it as well.
BofA also says what everyone knows, that “investor submission to central bank policies of financial repression is visible” but warns that “equity gains will likely be restrained unless EPS accelerates.”
It goes without saying, that EPS is not accelerating, and yet today global equities are soaring to fresh all time highs. All we can add here is “Good luck global central banks” as you try to figure out a way to unwind the biggest asset bubble in history without crushing everyone and everything in process.
a new report from Zillow seems to offer further evidence that the US housing market may not be the picture of health after all (as if we needed more proof after housing starts cratered 17% in February). The percentage of homeowners underwater in the US was flat from Q3 to Q4 which doesn’t sound all that terrible until you consider that this figure had fallen for 10 consecutive quarters. Things look particularly bad in Florida and the midwest where Zillow notes more than 25% of borrowers are sitting in a negative equity position.
Zillow goes on to note that we have entered a new era in the US housing market: the era of the underwater homeowner. Even better, the report goes on to note that in a number of cases, borrowers will likely be “in negative equity forever”:
…this represents a major turning point in the housing market. The days in which rapid and fairly uniform home value appreciation contributed to steep drops in negative equity are behind us, and a new normal has arrived. Negative equity, while it may still fall in fits and spurts, is decidedly here to stay, and will impact the market for years to come.
In fact, some homeowners trapped very deeply underwater may essentially be in negative equity forever. And those homeowners are much more likely to own America’s least expensive homes. Making matters worse, many homeowners in the bottom home value tiers are not only underwater, but very far underwater. Consider, for example, homeowners of the least expensive homes in the Detroit metro area. These homeowners are 29 times more likely to owe twice as much than their house is worth compared to a homeowner at the high end of the market.
The good news (and this seems to synch with what we saw in the latest UMich Consumer Sentiment print), is that rich people are doing ok:
Negative equity is not an equal-opportunity predator, and looms larger over less expensive homes. Nationwide, 27.3 percent of homeowners with a mortgage in the bottom one-third of homes by value were underwater in the fourth quarter. The negative equity rate among top-tier homeowners was 9.1 percent. In some areas, this gap was even more distinct. In Atlanta, for example, 49 percent of homes in the bottom-third of home values are in negative equity, compared to 11 percent of mortgaged homes in the highest-valued third.
Now it’s starting to make sense to us why we were having trouble understanding the notion that a “recovery” was well underway in the US. It’s because we didn’t understand that a recovery was usually characterized by an epochal shift towards deeply underwater homeowners and where negative equity becomes a permanent fixture in the market.
Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the “all important” FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR “evil empire”, or all three.
This is how the WSJ explained it:
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer.
“The vast majority of financial institutions file suspicious activity reports when they suspect that an account is connected to nefarious activity,” said assistant attorney general Leslie Caldwell in a Monday speech, according to prepared remarks. “But, in appropriate cases, we encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem.”
What does this mean, and why is it so critical? Simon Black of International Man explains:
* * *
Justice Department rolls out an early form of capital controls in America
Imagine going to the bank to withdraw some cash.
Having some cash on hand is always a prudent strategy, and especially today when more and more bank deposits are creeping into negative territory, meaning that you have to pay the banks for the privilege that they gamble with your money.
You tell the teller that you’d like to withdraw $5,000 from your account. She hesitates nervously and wants to know why.
You try to politely let her know that that’s none of the bank’s business as it’s your money.
The teller disappears for a few minutes, leaving you waiting.
When she returns she tells you that you can collect your money in a few days as they don’t have it on hand at the moment.
Slightly irritated because of the inconvenience, you head home.
But as you pull into your driveway later there’s an unexpected surprise waiting for you: two police officers would like to have a word with you about your intended withdrawal earlier…
If this sounds far-fetched, think again. Because it could very well become a reality in the Land of the Free if the Justice Department gets its way.
Earlier this week, a senior official from the Justice Department spoke to a group of bankers about the need for them to rat out their customers to the police.
What a lot of people don’t realize is that banks are already unpaid government spies.
Federal regulations in the Land of the Free REQUIRE banks to file ‘suspicious activity reports’ or SARs on their customers. And it’s not optional.
Banks have minimum quotas of SARs they need to fill out and submit to the federal government.
If they don’t file enough SARs, they can be fined. They can lose their banking charter. And yes, bank executives and directors can even be imprisoned for noncompliance.
This is the nature of the financial system in the Land of the Free.
And chances are, your banker has filled one out on you—they submitted 1.6 MILLION SARs in 2013 alone.
But now the Justice Department is saying that SARs aren’t enough.
Now, whenever banks suspect something ‘suspicious’ is going on, they want them to pick up the phone and call the cops:
“[W]e encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem, who may be able to seize the funds, initiate an investigation, or take other proactive steps.”
So what exactly constitutes ‘suspicious activity’? Basically anything.
According to the handbook for the Federal Financial Institution Examination Council, banks are required to file a SAR with respect to:
“Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more…”
It’s utterly obscene. According to the Justice Department, going to the bank and withdrawing $5,000 should potentially prompt a banker to rat you out to the police.
This may be a very early form of capital controls in the Land of the Free. This is the subject of today’s Podcast. You can listen in here Justice Department rolls out an early form of capital controls in America
Last week we reported that as part of the latest “check kiting” bailout scheme, Greek pensioners (and now utility companies) are being raided by the Greek government so that it can repay its debts to the IMF, which in turn would go ahead and fund a part of the recently approved $17.5 billion bailout of Ukraine, which then would have the money to pay its debts to Russia… and the IMF. And, as we also noted, “The only question is how long will it take the current puppet government to syphon off enough funds into various illegal ventures and offshore accounts before the IMF has to step back in a la Greece with bailout #2.”
Turns out the answer is about a week, because as Reuters reported earlier today, CCC-rated Ukraine is preparing to issue more debt, debt with a Aa+/AAA rating because it will come with the explicit guarantee of the United States of America.
One other place that also issued bonds with a US guarantee was Egypt. And everyone knows just how the US-inspired coup to put the Muslim Brotherhood in power turned out.
In other words, after raiding Greek pensions with the IMF’s blessing, the Kiev puppet government is now going after the “full faith and credit” of the US… backed by its taxpayers.
In yet other words, the latest Ukraine “bailout” is courtesy of you, dear idiot US taxpaying reader.
The best thing about this policy (if you’re the government) is that taken to its logical extreme, you could charge everyone a fee on sunny days as unless you’re a vampire, you probably are using public land by casting a shadow. We would also note that this gives new meaning to the term “shadow banking.”