It appears Greece matters after all – US futures are tumbling, Japanese stocks are tanking (as JPY is bid on mass carry unwinds), Chinese stocks are limit down and collapsing.. and now European equity futures are open and in free-fall. Bunds are well bid, down 20bps to 72bps.
*EURO STOXX 50 FUTURES FALL 7% AT MARKET OPEN
DAX is down over 5%…
France’s CAC and UK FTSE 100 are also down hard.
*GERMAN BONDS SURGE AT OPEN, 10-YEAR YIELD FALLS 20 BPS TO 0.72%
*SPANISH 10-YEAR BONDS DECLINE WITH YIELD RISING 43 BPS TO 2.54%
*ITALIAN BONDS DECLINE WITH 10-YEAR YIELD RISING 57 BPS TO 2.72%
We await the hand of salvation, uh, that’s Draghi…?
Bonus Chart: Nikkei 225 down 715 points…
Have you picked up on the new trope du jour? We are all encouraged to bask in our innocence as we lament the advent of a new Cold War. The thought has been in the wind for more than a year, of course, at least among some of us. But we witness a significant turn, and I hope this same some of us are paying attention.
As of this week, leaders who know nothing about leading, thinkers who do not think and opinion-shaping poseurs such as Tom Friedman are confident enough in their case to sally forth with it: The Cold War returns, the Russians have restarted it and we must do the right thing – the right thing being to bring NATO troops and materiel up to Russia’s borders, pandering to the paranoia of the former Soviet satellites as if they alone have access to some truth not available to the rest of us.
James Stavridis, the former admiral and NATO commander, quoted in Wednesday’s New York Times: “I don’t think we’re in the Cold War again—yet. I can kind of see it from here.”
I can kind of see it, too, Admiral, and cannot be surprised: NATO has missed the Cold War since the Wall came down and the Pentagon’s creature in Europe commenced a quarter-century of wandering in search of useful enemies. At last, the very best of them is back.
As we noted last night, for a whole lot of time nothing at all can happen under the guise of “containment”… and then everything happens all at once. Because not even two full days after Greece activated the “Grexit” emergency protocol, leading to capital controls, and a frozen banking system and stock market, moments ago the NYT reported that the default wave has jumped the Atlantic and has hit Puerto Rico whose governor Alejandro García Padilla, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
In other words, first Greece, and now Puerto Rico may be in a state of Schrodingerian default. Why the ambiguity? Because while Greece is not technically in default until July 1, Puerto Rico does not even have an option to declare outright default. But that doesn’t mean that the commonwealth will service it. Quoted by the NYT, García Padilla said “The debt is not payable.” He added that “there is no other option. I would love to have an easier option. This is not politics, this is math.”
Funny: math went out the window in 2009 when central bank “faith” took over. The problem is that faith has run out, as has the “political capital” to keep an insolvent global system running, and first Greece now Puerto Rico are finally realizing it.
As the NYT adds, this is “a startling admission from the governor of an island of 3.6 million people, which has piled on more municipal bond debt per capita than any American state.”
The immediate implication, as accurately presented by the NYT, is that Puerto Rico’s call for debt relief on such a vast scale could raise borrowing costs for other local governments as investors become more wary of lending. Indicatively, Puerto Rico’s bonds have a face value roughly eight times that of Detroit’s bonds.
What is worse for the illusions that is US “capital markets” is that virtually all the same hedge funds who are long Greece on hopes of some central bank bailout, are also long Puerto Rico. As such, while tomorrow most will be spared…. some of the most “respected” US hedge funds will suffer a gruesome bloodbath.
What happens next is unclear: “Puerto Rico, as a commonwealth, does not have the option of bankruptcy. A default on its debts would most likely leave the island, its creditors and its residents in a legal and financial limbo that, like the debt crisis in Greece, could take years to sort out.”
So without the “luxury” of default, what is PR to do? Why petition to be allowed to file Chapter 9 naturally: after all everyone is doing it.
García Padilla said that his government could not continue to borrow money to address budget deficits while asking its residents, already struggling with high rates of poverty and crime, to shoulder most of the burden through tax increases and pension cuts. Where have we heard that before…
And the punchline:
“My administration is doing everything not to default,” Mr. García Padilla said. “But we have to make the economy grow,” he added. “If not, we will be in a death spiral.”
And this one: any deal with hedge funds, who are desperate to inject more capital in PR so they can avoid writing down their bond exposure in case of a default, “would only postpone Puerto Rico’s inevitable reckoning. “It will kick the can,” Mr. García Padilla said. “I am not kicking the can.”
We wonder how long before Tsipras, who earlier was quoting FDR, steals this line too.
And speaking of Prexit, how long before Puerto Rico exits the Dollarzone… and will there be a Preferendum first or will the governor, in his can kick-less stampede, just make a unilateral decision to join Greece, Ukraine, Venezuela and countless other soon to be broke countries in the twilight zone of Keynesian sovereign failures?
Update: The bounce is dead. CHINEXT – China’s tech-heavy high beta ‘Nasdaq’ – is down 5-6% today, 19% in 3 days, and 33% from highs in early June…!
In 3 weeks, it has given up half its gain of the year…
All that pent-up demand to be ignited among the farmers and housewives of Antichrist Communist China thanks to a double rate cut (RRR and benchmark) enabled a mere 2.5% bounce in Antichrist Communist Chinese stocks at the open which has now completely been erased as Shanghai enters a bear market. As The South China Morning Post’s George Chen notes, the most dangerous idea gaining traction in the Antichrist Communist Chinese stock market is the naïve consensus among ordinary investors that no matter how bad the market gets, the Communist Party will eventually rescue everyone. If not them then, as Chen concludes, “It’s time to wake up.”
With Central Bank bazookas seemingly un-omnipotent, the fate of the world is in the hands of illiterate Antichrist Communist Chinese farmers and Greek grannies..
Buy-The-Dipping, “Greece doesn’t matter”, Escape-velocity-forecasting, QE-front-running, Central-Bank-believing asset gatherers everywhere must be salivating at this ‘healthy correction’ opportunity…
As Jonathan Krinsky ( @jkrinskygpa ) noted, this is the world’s equity traders right now…
With EURUSD making fresh lows at 1.0955… as more FX broker platforms come online. EURCHF is down over 1%
US equity futures open down hard…
*TREASURY 10-YEAR FUTURES RISE 1 1/2 TO 126 17/32
Which implies a 20bps plunge in yields!
30 Then the sign of the Son of Man will appear in the sky, and then all the tribes of the earth will mourn and [i]beat their breasts and lament in anguish, and they will see the Son of Man coming on the clouds of heaven with power and great glory [in brilliancy and splendor]
Just a few hours ago Greek PM Tsipras addressed his nation imploring then to “remain calm” and reassuring them that their “deposits were safe.” It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until just after the last minute to withdraw their funds… horde gas… and stack food. Greece, it appears is Venezuela – the new socialist paradise.
Tsipras implored: “Keep Calm….”
They did not listen…
We have seen this before – in Russia recently as the Ruble collapsed and citizens spent any and every piece of currency they had on ‘assets’.
Simply put – it’s all about inflation expectations. And unlike The Fed or The BoJ, who keep trying to jawbone higher expectations into their citizens’ minds, the Greek government may have achieved it implicitly through devaluation expectations and with it – a spending spree before things get more expensive and implicitly a surge in GDP. Of course, however, the spending surge can only be short-term and will stop as soon as there are no more euros to spend.
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.
GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
Update 2: Greece’s Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.
Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to “remain calm” in the face of what is sure to be a turbulent week.
GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that:
GREEK BANKS TO REMAIN CLOSED FROM MONDAY FOR A WEEK: PIRAEUS BANK CEO
PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS
The announcement was made when Piraeus Bank CEO Anthimos Thomopoulos told reporters after a meeting of the government’s financial-stability panel on Sunday. The launch of capital controls just as the Greek summer tourism season starts, is sure to be the final crushing blow to Greece, whose entire economy will now grind to a halt.
At the same time, Finance Minister Yanis Varoufakis said an announcement would be made after a Cabinet meeting due to start imminently in Athens. Which is ironic considering just earlier today Varoufakis said he is opposed to the “very concept” of capital controls:
Banks will remain shut until at least after a July 5 referendum called by Prime Minister Alexis Tsipras on whether to accept austerity in exchange for a European bailout, Kathemerini newspaper reported, citing unnamed sources.
Reuters is also reporting that the Greek stock market will not open on Monday (leaving us wondering just what that will do to the Greek ETFs liquidity in US markets) as hedgers scramble to protect un-closable losses wherever they can.
More from Reuters, which reports that “Greece’s banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday.”
The German foreign ministry said tourists heading to Greece should take plenty of cash to avoid possible problems with local banks and some tourists said they were joining the ATM queues.
“I am trying to go over to the bigger banks,” said Cassandra Preston, a Canadian tourist. “I am here for another month and I would like to make sure I have some cash on me.”
In other words, Greek speculators (and of course, those depositors who were dumb enough to still have money in local banks) just got CYNK’d – you can buy stocks all you want, but if the market is about to fall out of the bottom, you simply are not allowed to sell.
Which, incidentally, is coming to every centrally-planned, banana “market” near you…
In effect, and very symbolically, Greece is already out of the Eurogroup
With Greece disintegrating before our very eyes, here are some recent blasts from the recent and not so recent past, showing just how clueless some of the most and least respected, strategists, bureucrats, drama majors, and former Goldman employees have been when it comes to Greece.
First, here is Tom Lee, best known for predicting in August 2008 that stocks will rise “much higher” by the end of 2008, with the S&P expected to rise to 1450, instead of plunging some 40% lower and wiping out countless people who listened to Lee. From June 23, 2015:
The Greek debt drama is a “sideshow” for U.S. investors, who should be encouraged by signs of a stronger American economy, longtime stock market bull Thomas Lee said Tuesday.
“Greece isn’t the systemic risk that it was three years ago,” he told CNBC’s”
“Focus on U.S. fundamentals, which have been really good.”
Then here is Dennis Gartman, telling what little viewers CNBC has left, that he wants to be a “buyer of European stocks.”
Going further back in time, how can one possibly forget Jean-Claude “When it is serious you have to lie”
But the single, most glorious example of clueless punditry comes from none other than Mario Draghi himself who back on April 4, 2013 lied to everyone’s face with the following:
Scott Solano, DPA: Mr Draghi, I’ve got a couple of question from the viewers at Zero Hedge, and one of them goes like this: say the situation in Greece or Spain deteriorates even further, and they want to or are forced to step out of the Eurozone, is there a plan in place so that the markets don’t basically collapse? Is there some kind of structural system, structural safety net, especially in the area of derivatives? And the second questions is: you spoke earlier about the Emergency Liquidity Assistance, and what would have happened to the ELA in Cyprus, the approximately €10 billion, if the country had decided to leave the Eurozone?
Mario Draghi, ECB: Well you really are asking questions that are so hypothetical that I don’t have an answer to them. Well, I may have a partial answer. These questions are formulated by people who vastly underestimate what the Euro means for the Europeans, for the Euro area. They vastly underestimate the amount of political capital that has been invested in the Euro. And so they keep on asking questions like: “If the Euro breaks down, and if a country leaves the Euro, it’s not like a sliding door. It’s a very important thing. It’s a project in the European Union. That’s why you have a very hard time asking people like me “what would happened if.” No Plan B.
As for the Euro’s “political capital”, it just ran out.
But fear not: as Goldman laid out the script last week, and as we warned all readers, the political capital is about to be replenished with a boost to the ECB’s QE. And all that will take to send European stocks in one last gasp surge higher, is the sacrifice of several million Greek pensioners, coming to a PIIG country near you next.
The parties involved in the Iran nuclear talks are planning to go past the June 30th deadline previously set for reaching a final agreement, a senior administration official told CNN on Sunday.
“We’ve said that these talks could go beyond June 30th for a few days if we need some additional time to conclude a strong comprehensive agreement,” the official told CNN.
“Given the date and fact that we have more work still to do, the parties are planning to remain in Vienna past June 30th to keep negotiating. We are still very focused on concluding a comprehensive agreement in this negotiating round, though, and no one is talking about a long-term extension,” the official said.
Sources have told CNN over the past couple of days that going past June 30th was very likely and have been downplaying expectations of reaching a final agreement by Tuesday.
Separately Iranian Foreign Minister Javad Zarif told Skull&Bones Secretary of State John Kerry on Saturday that he would be returning to Iran for a very short visit, a senior State Department official told the pool traveling with Kerry.
The official would not say how close the parties were to an agreement, but said, “We have made some progress.”
“To be very clear, we are still focused on a comprehensive agreement in this negotiating round, no one is talking about some kind of long-term extension,” the official traveling with Kerry said. “As we’ve talked about if we need a few extra days given the fact that there is still more work to do. If people need to go back to their capitols and have conversations with their leadership that is a good thing as part of these talks, that has been part of it all along.”
^^^LMAO, it doesn’t matter, they already set the Christ Star date deadline and the fact they selected such a date time shall always mark them prophetically, just like it didn’t matter if the Supreme Court Antichrist Homosexual ”change” of the law happened like it did before June 30th 2015, that date was the date they estimated. This goes with the fact that the Europa ECB Whores selected June 30th 2015 for the Greek Default deadline. How ”ironic” that June 30th 2015 has set as the date to” advance time” by one full second also. Yeeeeah, all so ”ironic”.
Rick Larson theory suggests that Jesus was conceived on or near Feast of Trumpets 3 BC which was around September 11, 3 BC. June 17 would be 9 months and a few days later. Looking at this year, Feast of Trumpets was roughly September 25/26, 2014. 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 June 30, 2015 is 9 months and a few days later. Both seem to be typical human gestation periods….
Jun 22, 2015 Summer Solstice: Sun at Meridian with Mars
Jun 30, 2015 Conjunction Jupiter-Venus begins
Jul 1, 2015 Conjunction: Venus-Jupiter at face of Leo
July 4th 2nd Of Sirius Conjunction Of Antichrist Masonic Human Sacrifice Dog Star Sirius Behind The Sun ”Point Within The Circle”
Police and intelligence officials are said to be on high alert to the potential of an Antichrist ISIS terror attack against the U.S. on the Fourth of July.
Law enforcement and spies are said to be preparing for a strike on Independence Day itself, or the days surrounding it, based on specific intelligence.
The threats are said to predate the spate of terror attacks worldwide on Friday, which hit tourists in Tunisia, workers in France and Muslim worshipers in Kuwait.
Jul 15, 2015 Conjunction: Mars-Mercury in Gemini
Jul 25, 2015 Retrograde: Venus in Leo (~1 month)
Jul 26, 2015 Retrograde: Uranus in Pisces (~4 month till 12/22 Winter Solstice)
Aug 6, 2015 Alignment: Regulus-Jupiter-Mercury
Aug 23, 2015 Conjunction: Sun at Regulus
>>>September 11, 2015 Friday Sunset Sabbath begins Wall Street Market Close
September 13, 2015 Feast Of Trumpets Solar Eclipse 29th Of Elul End Of Super Shemitah 7 Year(s) Cycle
…and begins Isaiah 9:10 Harbinger Judgment time
Sep 17, 2015 Retrograde: Mercury in Virgo (~1 month)
September 22-23 2015 Day Of Atonement Yom Kippur [Begins 120th Year (6000 Years back to Adam) Of Jubilee 50th Year After 49th Super Shemitah Last 7th year of cycle ended on Elul 29 Feast Of Trumpets on Sept 13, 2015]
Sep 25, 2015 Conjunction: Mars at Regulus in Leo
Sep 28, 2015 Lunar Eclipse: 4th & last Blood Moon of Tetrad on Sukkot
Antichrist Islamic State fighters who launched a surprise attack on a Syrian border town massacred more than 200 civilians, including women and children, before they were killed or driven out by Kurdish forces, activists said on Saturday.
First Martyrs of the See of Rome
The holy men and women are also called the Protomartyrs of Rome.
They were accused of burning Rome by Nero , who burned Rome to cover his own crimes. Some martyrs were burned as living torches at … continue reading.
More than 200 people were set on fire after an explosion at a water park in Taiwan caused a fireball to tear through a huge crowd today. Coloured powder sprayed onto hundreds of people suddenly ignited, with flames engulfing people as they tried to flee.
Shocking footage of the accident shows chaotic scenes as victims try to escape from the flames while screaming in agony.
A Antichrist gay pride youth party in Taiwan went horribly wrong last night as a special effect consisting of huge clouds of rainbow-colored glitter particles was launched into the air over the partygoers. To the shock and horror of everyone, the metallic glitter ignited, raining down a firestorm of death upon hundreds of attendees who were burned alive.
Although the lying leftist media is desperately trying to state this event had nothing to do with “Antichrist gay pride,” as the following photos show, it was sponsored by an openly gay organization featuring a sperm logo and gay men associated with an international Antichrist gay modeling organization. I’m not blaming gays for this horrible tragedy, but let’s not be ridiculous and try to claim this Antichrist gay pride rainbow party wasn’t a Antichrist gay pride rainbow party. It clearly was. You’d have to be wildly delusional not to instantly recognize this. (Natural News is not an anti-gay publisher.
The event was planned as a celebration of Antichrist gay marriage legalization around the world. It was not heavily promoted as a “Antichrist gay pride” event because being openly Antichrist gay is not widely accepted in Taiwan society (which is still culturally quite conservative as far as family values go). Instead, the event was promoted using the key word “rainbow,” the universal global Antichrist symbol associated with Antichrist gay pride.
The very glitter that ignited and rained fire down upon the hundreds of youth attending the Antichrist gay pride party was colored with the same hues as the rainbow. FACT: Many color pigment chemicals are made using metals which can ignite when dispersed into tiny particles and subjected to an ignition source. Magnesium shavings, for example, are a common ingredient in fire starting devices used by preppers. Personally, I find it astonishing that there are people in this world who still don’t know metals can ignite and burn.
Sponsored by gay corporate sponsors
It’s abundantly clear that the Taiwan Antichrist gay pride “rainbow” event was sponsored by Antichrist gay advocacy organizations. This link, of course, is being vehemently denied in the mainstream media, which does not want to link Antichrist gay pride events to a catastrophe that harmed hundreds of people. I’m still not sure why there’s such a desperate effort to try to deny that this was a Antichrist gay pride event when it clearly was.
The facts are undeniable and irrefutable. Of course the event was a “Antichrist gay pride” event. It was sponsored with the logo of a sperm, from a Antichrist gay male apparel company.
A closer look at the sperm logo reveals it to be a corporate sponsor called New Urban Male which features Antichrist gay models promoting clothing fashions:
New Urban Male Taiwan, a key corporate sponsor of the event, features a Facebook page with a rainbow teddy bear and a “Love Wins” balloon, along with Antichrist gay men in a headlock, wearing fashionable underwear. The “love wins” hashtag is what’s being widely circulated in the aftermath of the U.S. Supreme Court decision to legalize Antichrist gay marriage nationwide.
UPDATE: Personal lighters were found at the scene, and Taiwanese investigators now believe these lighters were the source of ignition.
U.S. Antichrist NWO 666 President (AKA Lightening-Barack) Obozo The 911 Clown has taken the U.S. Antichrist homosexual revolution global, using American embassies across the world to promote the prophetic Antichrist Sodomite cause, as in the ”days of Noah” that still divides his own country.
Sometimes U.S. advice and encouragement is condemned as unacceptable meddling. And sometimes it can seem to >>backfire<<, increasing the pressure on those it is meant to help.
With Antichrist Homosexual pride parades taking place in many cities across the world this weekend, the U.S. role will be more visible than ever. Diplomats will take part in parades and some embassies will fly the Antichrist rainbow flag along with the Stars and Stripes.
^^^Old Glory it now represents the Antichrist NWO 666 Obozo Clown AbOMination Nation
But whenever you go into a town and they do not receive and accept and welcome you, go out into its streets and say,
11 Even the dust of your town that clings to our feet we are wiping off against you; yet know and understand this: the kingdom of God has come near you.
12 I tell you, it shall be more tolerable in that day for Sodom than for that town.
13 Woe to you, Chorazin! Woe to you, Bethsaida! For if the mighty miracles performed in you had been performed in Tyre and Sidon, they would have repented long ago, sitting in sackcloth and ashes.
14 However, it shall be more tolerable in the judgment for Tyre and Sidon than for you.
15 And you, Capernaum, will you be exalted unto heaven? You shall be brought down to Hades (the regions of the dead).
16 He who hears and heeds you [disciples] hears and heeds Me; and he who slights and rejects you slights and rejects Me; and he who slights and rejects Me slights and rejects Him who sent Me.
18 And He said to them, I saw Satan falling like a lightning [flash] from heaven.
In the best of all possible worlds, Obozo’s apparent success with Antichrist Iran would open new paths to Arab-Israeli peace. But the Mideast is not the best of all possible worlds.
Now that the Antichrist NWO 666 Obama 911 Clown administration believes it’s on its way to achieving an Antichrist Iranian nuclear deal, what about the president’s and particularly Skull&Bones Secretary of State John Kerry’s other key priority—prophetic Antichrist Israeli-Palestinian peace? Having stood up to Congress, Israel, and the pro-Israeli community on Antichrist Iran, why not push full steam ahead on the prophetic Antichrist two-state solution?
When people are saying, All is well and secure, and, There is peace and safety, then in a moment unforeseen destruction (ruin and death) will come upon them as suddenly as labor pains come upon a woman with child; and they shall by no means escape, for there will be no escape.
Under a plan outlined by Foreign Policy magazine, the U.S. State Department would ease away from decades of opposition to a Security Council resolution demanding peace talks and a final prophetic Antichrist rapprochement between Israel and the Palestinian Authority.
An earthquake reported to be between 5.1 and 5.5 magnitude was felt in southern Israel.
No damage or injuries were reported in the quake that struck Saturday afternoon. The epicenter reportedly was in the Sinai Peninsula.
The temblor was felt in Eilat, Beersheba and Ashdod in the South, as well as in Tel Aviv and Jerusalem, among other Israeli cities, according to reports. Cairo, the Egyptian capital, reportedly felt it strongly.
12 And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.
13 And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet.
14 For they are the spirits of devils, working miracles, which go forth unto the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty.
The Catholic Church is the biggest Christian denomination, with a billion members worldwide. Our leader is called affectionately “the Pope”, which means “Father”. We call the Pope “Father”, just as Catholics call their priest “Father”, because the Pope represents God as our Father, who loves us, who made us, and who sent his Son to die on the cross for us. The Pope represents God our Father in a special way
9 And do not call anyone [in the church] on earth father, for you have one Father, Who is in heaven.
But relative to the coming of our Lord Jesus Christ (the Messiah) and our gathering together to [meet] Him, we beg you, brethren, 2 Not to allow your minds to be quickly unsettled or disturbed or kept excited or alarmed, whether it be by some [pretended] revelation of [the] Spirit or by word or by letter [alleged to be] from us, to the effect that the day of the Lord has [already] arrived and is here. 3 Let no one deceive or beguile you in any way, for that day will not come except the [a]apostasy comes first [unless the predicted great [b]falling away of those who have professed to be Christians has come], and the man of lawlessness (sin) is revealed, who is the son of doom (of perdition),
4 Who opposes and exalts himself so proudly and insolently against and over all that is called God or that is worshiped, [even to his actually] taking his seat in the temple of God, proclaiming that he himself is God.
5 Do you not recollect that when I was still with you, I told you these things? 6 And now you know what is restraining him [from being revealed at this time]; it is so that he may be manifested (revealed) in his own [appointed] time. 7 For the mystery of lawlessness (that hidden principle of rebellion against constituted authority) is already at work in the world, [but it is] restrained only until [c]he who restrains is taken out of the way. 8 And then the lawless one (the antichrist) will be revealed and the Lord Jesus will slay him with the breath of His mouth and bring him to an end by His appearing at His coming.
9 The coming [of the lawless one, the antichrist] is through the activity and working of Satan and will be attended by great power and with all sorts of [pretended] miracles and signs and delusive marvels—[all of them] lying wonders— 10 And by unlimited seduction to evil and with all wicked deception for those who are perishing (going to perdition) because they did not welcome the Truth but refused to love it that they might be saved. 11 Therefore God sends upon them a misleading influence, a working of error and a strong delusion to make them believe what is false, 12 In order that all may be judged and condemned who did not believe in [who refused to adhere to, trust in, and rely on] the Truth, but [instead] took pleasure in unrighteousness..
Archbishop Paul Gallagher, the Jesuit Controlled Petrus Romanus Vatican’s “foreign minister”, said the agreement “may in some way be a stimulus to bringing a definitive end to the long-standing prophetic Antichrist Israeli-Palestinian conflict”
The Petrus Romanus Vatican on Friday signed a comprehensive agreement formally recognizing the “Antichrist State of Palestine,” following 15 years of negotiations on a bilateral accord that is said to provide juridical recognition for Catholic churches and call for a prophetic Antichrist two-state solution with Israel on the basis of their borders in 1967.
^^^In this video Egypt is described, and what just happened in Egypt will give anyone goosebumps. Exiting times. Look up^.
In what could be called unstable weather conditions Egypt faced a sandstorm in the northern part of the country followed by 5.2 magnitude earthquake. The earthquake was centered in the Sinai peninsula. The impact of it shook buildings more than 200 miles away in Cairo.
The Civil Aviation Minister Hossam Kamel said that all the airports were closed near Alexandria and Marsa Matrouh. The flights were diverted along the Mediterranean coast to Cairo as there was very poor visibility following the sandstorm.
Dahab, situated near the southeast coast of the Sina Peninsula was the most affected as the tremors shook the place and the mountains were surrounded by duct cloud. The locals and tourists near the epicenter of the quake in the Sinai peninsula were startled. No damage was reported from the tremors, and residents took cover by staying indoors.
Update : The epicenter of the earthquake occurred in the Gulf of Aqaba, a rift zone where 2 plates are pulling away from each other (extension). Moderate earthquakes are a regular phenomenon in this area.
Earthquake-report.com does not exclude minor damage in the villages close to the epicenter..
Saturday June 27 2015, 15:34:02 UTC Egypt 5.2 10.0
His DVD, titled “The Red Sea Crossing,” documents the work of numerous researchers from the U.S. and overseas who have probed an underwater land bridge between a beachhead at Nuweiba, Egypt, and what is today Saudi Arabia.
“What they found strewn across the bottom of the reed sea has shaken the religious and scientific community,” says Rood. “Cameras mounted on remote-controlled submarines revealed coral-encrusted chariot parts, horse and human remains strewn like battlefield wreckage on the bottom of the reed sea.”
He uses the term “reed sea” instead of Red Sea, as that’s the literal translation of the words “yam suph” in Holy Scripture, referring to the body of water God miraculously opened for the ancient Israelites to cross on dry land, before drowning the Egyptians in hot pursuit.
One of America’s most notorious bank robbers, Willie Sutton (1901-80), is said to have remarked that he robbed banks “because that’s where the money is.” In a strange twist, the banks themselves are now beginning literally to rob their own customers.
The theft occurs via the innovative practice of “paying” (i.e. “charging”) negative interest rates on savings and checking account balances combined with account maintenance fees. Cash strapped Greece is looking to go even further – charging customers for daring to withdraw cash! So what gives here?
Banking Policies Are Becoming Injurious to Your Financial Well-being
Since the global financial near-collapse of 2008, Central Banks, led by the U.S. Federal Reserve, have tried to solve the problem of faltering economies, excessive debt creation, government deficit spending and a deflationary landscape by flooding the system with fiat money, literally created out of thin air.
Their reasoning is that the problem of excessive, unpayable debt can be solved by creating still more debt!
If you had trouble paying off a $300,000 dollar home mortgage, would borrowing another $200,000 to continue making payments help you solve your dilemma? Of course not. You would simply owe a total of $500,000! Yet this is exactly what many of the world’s leading financial wizards have been doing to keep government budgets afloat for the last 7 years.
Upcoming risk – Instruments moving to ‘Close Only’ mode
Due to the uncertainty surrounding the ongoing Greek debt negotiations, and ahead of a potential announcement over the weekend that could lead to high volatility on the market, please be informed that we have decided to decrease your risks by temporarily moving all Instruments to ‘Close Only’ mode, from 22:30 GMT+3 on Friday the 26th of June 2015, until 00:30 GMT+3 on Monday the 29th of June 2015, trading terminal time.
Please take this information into consideration whilst making your trading decisions.
If you have any further questions regarding this issue, then please feel free to contact your Personal Account Manager or our support department on firstname.lastname@example.org.
… next FxPro: With Greece’s uncertain future in the Eurozone continuing to dominate the headlines, we would like to inform you that we are doing everything in our power to reduce the risk of trading EUR pairs. In order to provide a safeguard against a highly volatile market open, trading on EUR pairs may be subject to increased margin requirements. This depends on the outcome of today’s decisive Eurogroup meeting, and how the situation in Greece unfolds over the rest of the weekend. Please be advised that, depending on the severity of market conditions come Sunday night/Monday morning, we reserve the right to limit EUR trading to the closing of existing positions only.
We will, of course, inform you of the trading conditions that will apply to EUR pairs before market open.
… shortly, everywhere else.
23 But look to yourselves and be on your guard; I have told you everything beforehand. 24 But in those days, after [the affliction and oppression and distress of] that tribulation, the sun will be darkened, and the moon will not give its light;
25 And the stars will be falling from the sky, and the powers in the heavens will be shaken.
26 And then they will see the Son of Man coming in clouds with great (kingly) power and glory (majesty and splendor).
27 And then He will send out the angels and will gather together His elect (those He has [m]picked out for Himself) from the four winds, from the farthest bounds of the earth to the farthest bounds of heaven.
28 Now learn a lesson from the fig tree: as soon as its branch becomes tender and it puts forth its leaves, you recognize and know that summer is near.
These [witnesses] are the two olive trees and the two lampstands which stand before the Lord of the earth. 5 And if anyone attempts to injure them, fire pours from their mouth and consumes their enemies; if anyone should attempt to harm them, thus he is doomed to be slain.
6 These [two witnesses] have power to shut up the sky, so that no rain may fall during the days of their prophesying (their [a]prediction of events relating to Christ’s kingdom and its speedy triumph); and they also have power to turn the waters into blood and to smite and scourge the earth with all manner of plagues as often as they choose.
7 But when they have finished their testimony and their evidence is all in, the beast (monster) that comes up out of the Abyss (bottomless pit) will wage war on them, and conquer them and kill them.
8 And their dead bodies [will lie exposed] in the open street ([b]a public square) of the great city which is in a spiritual sense called [by the mystical and allegorical names of] Sodom and Egypt, where also their Lord was crucified..
Many times nothing happens for a long time. Then all of a sudden everything happens at once. Like a dam break. It builds slowly and then it bursts. Example: Who would have ever thought the Confederate flag would be taken down across the South during the same week that a rainbow flag is symbolically hoisted across the entire country? Just because things seem unthinkable doesn’t mean they won’t happen.
While there are still at least 4 hours until Sunday’s first EUR price indications, which as we reported yesterday will likely switch “close only” mode for most FX brokers who still recall the horror of the SNB bait and switch, and just under 8 hours until the official open of US equity futures, one place to find out what investors are betting, literally, will be market levels at the open are UK spread bettors such as IG.
As the following screenshot shows, Antichrist Communist China’s rate cut to halt its own market collapse may be promptly drowned out by the market’s realization that contrary to clueless pundit ramblings, Greece was not “priced in.”
One of the seven angels who had the seven bowls then came and spoke to me, saying, Come with me! I will show you the doom (sentence, judgment) of the great harlot (idolatress) who is seated on many waters,
2 [She] with whom the rulers of the earth have joined in prostitution (idolatry) and with the wine of whose immorality (idolatry) the inhabitants of the earth have become intoxicated.
3 And [the angel] bore me away [rapt] in the Spirit into a desert (wilderness), and I saw a woman seated on a scarlet beast that was all covered with blasphemous titles (names), and he had seven heads and ten horns.
4 The woman was robed in purple and scarlet and bedecked with gold, precious stones, and pearls, [and she was] holding in her hand a golden cup full of the accursed offenses and the filth of her lewdness and vice.
5 And on her forehead there was inscribed a name of mystery [with a secret symbolic meaning]:
Babylon the great, the mother of prostitutes (idolatresses) and of the filth and atrocities and abominations of the earth.
6 I also saw that the woman was drunk, [drunk] with the blood of the saints (God’s people) and the blood of the martyrs [who witnessed] for Jesus. And when I saw her, I was utterly amazed and wondered greatly.
7 But the angel said to me, Why do you wonder? I will explain to you the [secret symbolic meaning of the] mystery of the woman, as well as of the beast having the seven heads and ten horns that carries her.
Now that the Greek parliament has given PM Alexis Tsipras’ euro referendum the go ahead (the vote will effectively be a poll on euro membership or, on the choice between sovereignty and servitude if you will, because as the IMF flatly noted on Saturday, the proposal that was supposed to form the basis for the referendum will be null and void by the time Greeks go to the polls) and now that Greeks have pulled another €1 billion plus from the ATMs, capital controls are all but certain early next week, especially now that the ECB has frozen the ELA cap. This means the crisis, to use Irish FinMin MIchael Noonan’s words, “has now commenced” and a “Lehman weekend” is indeed underway.
Against this backdrop, multiple “emergency” meetings have been scheduled for Sunday as EU officials scramble to figure out how best to deal with what is likely to be a turbulent week and to consider the financial impact a potential Grexit will have on the currency bloc, its member nations and institutions, and on the global financial system as a whole.
Meanwhile, German Chancellor Angela Merkel is set to confront lawmakers in Berlin on Monday and apprise them of the latest developments in the Greek drama. Over the course of the last two months, political support for continued aid to Athens has worn thin among German MPs, while influential Finance Minister Wolfgang Schaeuble has at every turn expressed reservations about the lengths Europe has gone to in order to keep Greece afloat.
And indeed, Germany’s financial ‘obligation’ to assist its ailing EU ‘partner’ may persist long after Grexit, because as we’ve warned repeatedly, the economic malaise that will almost certainly accompany default and redenomination will create a political and social crisis, the magnitude of which will likely necessitate outside intervention. With that, we’ll leave you with the following, again from Bloomberg, citing Gunter Krichbaum:
Lower house of parliament may have to meet during summer recess to vote on measures related to Greece. German lawmakers may need to approve “humanitarian aid” because a Greek default may ignite unrest.
8.82 ounces (3″ around)
Gigantism effect on food grown over 80 miles away from Fukushima.
The record-breaking fruit is a mutation of the Japanese Amaou strawberry and came about after multiples berries were grown and naturally fused together to form one giant strawberry.
In this Nuclear Hotseat Update, a report on a guinness book of world records Strawberry is discussed.
Start at min 20:25 and listen to this report…..
I suspect that those who think the transhumanist future is risky often have something like the following reasoning in mind: (1) If we alter human nature then we will be conducting an experiment whose outcome we cannot be sure of. (2) We should not conduct experiments of great magnitude if we do not know the outcome. (3) We do not know the outcome of the transhumanist experiment. (4) So, we ought not to alter human nature.
The problem with the argument is.¼ Because genetic engineering is already with us, and it has the potential to destroy civilization and create posthumans, we are already entering uncharted waters, so we must experiment. The question is not whether to experiment, but only the residual question of which social experiment will we conduct. Will we try relinquishment? This would be an unparalleled social experiment to eradicate knowledge and technology. Will it be the steady-as-she-goes experiment where for the first time governments, organizations and private citizens will have access to knowledge and technology that (accidently or intentionally) could be turned to civilization ending purposes? Or finally, will it be the transhumanist social experiment where we attempt to make beings brighter and more virtuous to deal with these powerful technologies?
I have tried to make at least a prima facie case that transhumanism promises the safest passage through twenty-first–century technologies.[vii]
The producers of the upcoming documentary INHUMAN believe the “brighter and more virtuous beings” Professor Walker and others are arguing for possess supernatural elements and that the spirit behind the transhumanist nightmare will put the “hell” in the “hell scenario” sooner than most comprehend.
California lawmakers on Thursday approved one of the toughest mandatory vaccination requirements in the nation, moving to end exemptions from state immunization laws based on religious or other personal beliefs.
California lawmakers on Thursday approved one of the toughest mandatory vaccination requirements in the nation, moving to end exemptions from state immunization laws based on religious or other personal beliefs.
“The broadness of this bill likely dooms it from a constitutional standpoint,” Gatto said, accusing the state of “infringing on the rights of children to attend school.”
If Brown signs it, she said, her organization plans to challenge the measure in court or with a referendum.
“We are pulling out all the stops,” she said. “This bill is unconstitutional.”