32515 Gleaning U.N.holy NWO SEC Soulless 666 CitiZeN’s United Algo Bot Dump AIIB Mark Of The Beast BATS Man Antichrist Saudi Arabia 911 Obozo Clowns Bomb Yemen
Earlier today we reported that, on very short notice, Antichrist Saudi Arabia had moved heavy military equipment including artillery to areas near its border with Yemen, “raising the risk that the Antichrist Middle East’s top oil power will be drawn into the worsening Yemeni conflict.” In other words, Antichrist Saudi Arabia was preparing for war.
Shortly thereafter, but before Yemen’s president bravely fled the country over fears of the Antichrist Houthi rebel advance, Yemen’s foreign minister called for Antichrist Arab military intervention against advancing Antichrist Shiite rebels.
As we explicitly warned, “the conflict risked spiraling into a proxy war with Antichrist Shi’ite Iran backing the Antichrist Houthis, whose leaders adhere Antichrist Shi’ite Islam, and Antichrist Saudi Arabia and the other regional Antichrist Sunni Muslim monarchies backing Hadi.”
Moments ago all these warnings were borne out when Al-Arabiya reported that the latest Antichrist middle-east war is now official after Antichrist Saudi Arabia and Arab Gulf States had launched a bombing campaign against Yemen.
Antichrist Saudi Arabia’s Royal Air Force bombed the positions of Yemen’s Antichrist Houthi militia, Al Arabiya News Channel reported early on Thursday.
Antichrist Arab Gulf states had announced that they have decided to “repel Antichrist Houthi aggression” in neighboring Yemen, following a request from the country’s President Abedrabbo Mansour Hadi.
In their joint statement Antichrist Saudi Arabia, Antichrist UAE,Antichrist Bahrain, Antichrist Qatar and Antichrist Kuwait said they “decided to repel Antichrist Houthi militias, Antichrist al-Qaeda and Antichrist ISIS [Antichrist Islamic State of Iraq and Syria] in the country.”
The Antichrist Gulf states warned that the Antichrist Houthi coup in Yemen represented a “major threat” to the region’s stability.
It also accused the Antichrist Iranian-backed militia of conducting military drills on the border of Antichrist Saudi Arabia, a leading member of the GCC, with “heavy weapons.”
In an apparent reference to Iran, the statement said the “Antichrist Houthi militia is backed by regional powers in order for it be their base of influence.”
The Antichrist Gulf states said they had monitored the situation and the Antichrist Houthi coup in Yemen with “great pain” and accused the Antichrist Shiite militia of failing to respond to warnings from the Antichrist NWO 666 United Nations Security Council as well as the Antichrist GCC.
The statement stressed that the Antichrist Arab states had sought over the previous period to restore stability in Yemen, noting the last initiative to host peace talks under the auspices of the Antichrist Gulf Cooperation Council.
As reported this morning, in a letter sent the Antichrist NWO 666 U.N. Security Council and seen by Al Arabiya News, Hadi requested “immediate support for the legitimate authority with all means and necessary measures to protect Yemen and repel the aggression of the Antichrist Houthi militia that is expected at any time on the city of Aden and the province of Taiz, Marib, al-Jouf [and] an-Baidah.”
In his letter Hadi said such support was also needed to control “the missile capability that was looted” by the Antichrist Houthi militias.
Hadi also told the Antichrist Council that he had requested from the Antichrist Arab Gulf states and the Antichrist Arab League “immediate support with all means and necessary measures, including the military intervention to protect Yemen and its people from the ongoing Antichrist Houthi aggression.”
To summarize: Antichrist NWO 666 Saudi Arabia is now bombing a rebel force that has been armed by the Antichrist NWO 666 US Team 911 Obozo Clowns and is backed by Antichrist Iran, even as the Antichrist NWO 666 US 911 Obozo Clown is bombing an enemy of Antichrist Iran in Iraq with the blessing of Antichrist Saudi Arabia.
All in a day’s work in the Antichrist Middle East.
As for oil’s reaction: for now algos appear to not have gotten the memo, or perhaps they simply priced it in all day today with oil’s inexplicable surge even as everything else was crashing.
At first glance, it looks like any other F-16 fighter jet – except for one difference.
Boeing’s new QF-16 is a actually a retired US Air force jet converted into a drone.
One thing that’s great about being a TBTF bank is that generally speaking, no one (including employees) really has any idea what all is on your balance sheet let alone how much all of it may or may not be worth at any given time. Between that ambiguity and fun accounting tricks like taking loan loss reserve releases when it suits you (sometimes while simultaneously reporting increases in non-performing loans) and booking DVA gains (because it certainly makes sense that becoming less creditworthy should somehow generate “profits”), you can pretty much just goal-seek the bottom line in any given reporting period. Given this “flexibility,” one smart thing to do as the Fed prepares to embark on a rate hike cycle is figure out the best way to shield your available-for-sale book from damage. Fortunately, this turns out to be remarkably straightforward. You simply reclassify everything as held-to-maturity
So that’s a quarter of a trillion dollars in interest rate sensitive securities that banks get to shield from rising rates simply by calling them something different today than they did yesterday. Nice trick, right? What this does is allow banks to simply ignore changes in the market value for those securities when it comes to calculating capital levels.
Now you would certainly think that there would be something that prevents banks from simply shifting these things around when it’s advantageous and ostensibly there is:
Once banks put securities into the held-to-maturity bucket, they generally aren’t permitted under accounting rules to take them out and sell them.
It is “not in the best interests for the bank,” to move securities into the held-to-maturity bucket, said Gerard Cassidy, an analyst with RBC Capital Markets. “They’re just going to restrict themselves” and leave themselves “handcuffed.”
Of course this is just a charade. Does anyone really think that the same accounting regime that allows banks to generate profits with gimmicks like DVA gains is going to keep the very same banks from reclassifying held-to-maturity securities as available-for-sale in a bind? Of course not. This is just a way for banks to delay marking their book to market when the market mark is likely to get unfavorable.
The problem with this approach — besides the fact that it makes a complete mockery of the idea that GAAP is supposed to be somehow be useful — is that the conditions that would cause a TBTF firm to have to suddenly raise cash will be the very same type of conditions that would cause the market value of its available-for-sale book to decline.
So in the end, be wary of attempts to postpone M2M because all of those billions in securities carried at par may one day be subject to the old maxim that things are worth exactly what someone is willing to pay you for them.
Correlation is not causation but the plunge began just as The SEC voted in favor of high-speed trading firms being registered with FINRA…
Yeah, so the corrupt humans waited long enough, all the way until the market grifting sucked as much blood out of humanity it could print before the militarized zones started popping like Arab Spring 2015. Does this mean the HFT Algo Team will be retroactively given immunity for one wonders, or is all the NANEX evidence just meaningless because they consider the crime on par with the Antichrist Verizon Team Clapper Trap lying bastards are immune in their own matrix of lawlessness? After all, it’s just theft right Mr. Algo BoyzBots? Dirty bastards. The SEC ”IS” the ”Madoff” ”911 NWO with our/their(s) own printed money inside job. Harry Markopolos proved that fact. Where’s the 911 trillions of JP Morgan Naked short evidence you SEC trash? Where is the 911 Put Option evidence you criminal bastards shredded …you hell hound SEC bastards? You all need to be put in front of a firing squad, along with all the crazy Dimons.
G-Pap not be a ranking winner in 2011, or any other time considering the nation defaulted, and is about to be bailed out for the third and final time, unless it is prepared to exit the Eurozone once and for all (something which should have happened back in 2010) but where things get really awkward though for the FT and its “experts” is that this “top politician” is as of this moment a convicted criminal.
As AP reported, yesterday a special court acquitted Greece’s former finance minister George Papaconstantinou of felony charges of breach of faith and doctoring a document Tuesday in a case concerning Greeks with bank accounts in Geneva. However, it still found him guilty of fabricating said documented and found him guilty of a lesser misdemeanor charge.
Papaconstantinou, 53, received a one-year suspended prison sentence.
The convicted “top political” criminal is lucky: he had faced a possible sentence of 10 years to life imprisonment over the felony charges after being accused of removing the names of three of his relatives from a list of Greeks with accounts at HSBC bank in Geneva. But hey this is Greece, and where bribes walk justice is mute. Not that the US is any better: at least in Greece bribes are under the table – in the US these are called “lobby dollars” and are perfectly legal.
If only his “relatives” had stashed away a couple million in HSBC (in exchange for letting Greece bear the brunt of the European bailout of German banks using Greece as a scapegoat) the other 8 would have also called for an acquittal. Let this be a lesson to all those who listen to the Keynesyan Cargo Cult’s urges to spend instead of save.
That said, we eagerly look forward to what the future of a post-Grexit Greece holds in store for its former government, as civil proceedings become increasingly less “civil” and more tribunalized, until one day someone finally gets the Ceausescu treatment, which is waiting for every Antichrist NWO 666 government employee among the nations and Israel. Have no delusion about that. All of the Antichrist NWO 666 bastards are going to Hell, how they get there doesn’t really matter, be by rope or another form of their suicide vampire squid judgment come upon their head(s). One thing is certain, everyone in the Legislative Judicial and Executive branches is equal with their criminal corporate Soulless Citizens United 911 Short Life Liberty Freedom And Justice For All, and they are all going to Hell.
Uh oh Washington, it looks like they’re on to you.
Umm, ”NEWS FLASH” Putz Putin, your shit is just as in the wind boy. You and all your team have a place in Hell waiting. Don’t even try to hide under the cloak of the Antichrist NWO 666 mark of the beast. You boyz drank from the same BTFD Cup of fornication on the same beast. You are not nothing but a devil that ”changed” from Red to Blue.
The crony socialism/velvet glove fascism pyramid. Note the remark about the corporatist elite: “Those benefiting from business-government collusion in order to eliminate competition and gain private advantage through state violence and force; often confused with capitalism” (this is why we have become reluctant to call it crony capitalism. We don’t want to let them rob us of a perfectly good term and get away with perverting it. Ultimately this linguistic confusion is a danger to us all, as the electoral successes of far-left socialist and fascist fringe parties in Europe show all too clearly)
The piano player will keep his head down. The bartender will keep the liquor flowing. The cardsharps will keep pulling aces out of their sleeves. And the girls upstairs will continue plying their trade, as in the ”Days Of Noah” have come upon this generation.
The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons. As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders. Other forms of payment are much easier for governments to track, and so they very much prefer them. But we are rapidly getting to the point where the use of cash is considered to be a “suspicious activity” all by itself. These days, if you pay a hotel bill with cash or if you pay for several hundred dollars worth of goods at a store with cash you are probably going to get looked at funny. You see, the truth is that we have already been trained to regard the use of large amounts of cash to be unusual. The next step will be to formally ban large cash transactions like France and other countries in Europe are already doing.
Starting in September, cash transactions of more than 1,000 euros will be banned in France. The following comes from a recent Zero Hedge article which detailed what these new restrictions will do…
Of course Spain has already banned cash transactions of more than 2,500 euros and Italy has already banned cash transactions of more than 1,000 euros.
We don’t have these kinds of outright bans in the United States just yet, but what we do have are some very strict reporting requirements.
For example, if you regularly deposit large amounts of cash, there is a very good chance that you have been the subject of a “suspicious activity report”. In 2013, approximately 1.6 million suspicious activity reports were submitted to the federal government.
The truth is that they want to discourage the public from using cash. Our government, just like governments all over the planet, is not being shy about the fact that it does not like cash. If they can make people afraid to use cash, that suits their purposes very well.
And with each passing year the restrictions on the use of cash globally will just get tighter and tighter and the role that cash plays in our lives will just become smaller and smaller.
In the end, a transition to an almost entirely cashless society will seem almost natural. Cash is being killed off one slow step at a time, and at this point hardly anyone is objecting.
We are all trapped, and it’s not going to take very much to change the valuations in the markets, and the effect on the gold price could happen at the same time, and it could be very, very dramatic.”
On the Asian Infrastructure Investment Bank (AIIB), Macleod says, “The reason this bank is being set up is twofold. First, China . . . wants to build the largest internal market the world has ever seen. It will run roughly from the Genghis Kahn’s Straits of Bering to the gates of Jerusalem.