7215 Gleaning Tribulation Trouble Coming
In the middle of the night, in July’s opening moments, the most violent complex of the storms since the June 2012 derecho blasted the immediate D.C. area. It downed scores of trees and produced blinding rain and almost non-stop lightning as it swept straight up the I-95 corridor from near Dale City through the District and into Baltimore.
This morning, area utilities, including Pepco, are still dealing with thousands without electricity.
Many eyewitnesses, awakened and rattled by the storm, described it as the scariest they could recall — jarred by the deafening thunder, continuous lightning, pounding rain and roaring winds.
The intense but very localized storm complex formed from the merging of multiple thunderstorm cells just to the south of Washington after midnight.
Cell mergers are known to produce exceptionally strong thunderstorms. The updraft and rain mass of one cell combines with similar features of another cell. The combination can lead to a surge in updraft intensity, lightning generation and subsequent generation of damaging winds.
Look closely and you will see several cells approaching southeastern Fairfax County from different directions — an impulse from the southwest converging with cells arriving from the south. The merged complex then blows up across the southern tier of the District, moving off to the northeast.
In short, the merging thunderstorms and the vast amount of energy released in the process spurred the lightning display, best described as psychedelic.
Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates.
I almost fell out of my chair.
He’s a successful hedge fund manager and one of their best customers. So when he received the notice, he rang up his private banker and demanded to know why.
Between ridiculously low interest rates (banks are closing loans here for 0.9% or lower) and the increasing costs of compliance, “we can’t make money anymore…” was the response.
It certainly paints a clear picture of how screwed up the entire financial system is.
Compliance is a major component in this. Bankers around the world are buried up to their eyeballs in paperwork and regulations now.
They can’t make a move or approve a single transaction without first doing anti-money laundering, terrorist financing, and tax evasion due diligence.
Imagine it like this: your banker rings you up tomorrow and says,
“The government of Antichrist Communist China requires us to have all of our depositors fill out this paperwork. So I need you to send this form back to me ASAP…”
You’d probably think it was a joke.
Or at a minimum think, “Wait, what? I’m not Chinese. You’re not a Chinese bank. Who cares about some stupid Antichrist Communist Chinese regulation?”
And you’d be right.
Except that’s precisely what the United States is doing right now.
All over the world, bankers are contacting their customers and forcing them to fill out paperwork to comply with idiotic US government regulations. Even when there’s no connection to the US.
Here in Singapore, the bankers are completely miserable about it.
They’re so angry for having to call customers and say, “Yes I know you’re in India, and I know we’re in Singapore, and I know you’ve been a customer for 10 years. But you still have to fill out this US government form or else we’ll close your account.”
It’s ridiculous– all of this because the US government is bankrupt.
A few years ago they passed the Foreign Account Tax Compliance Act (FATCA)– a major part of their crusade to stamp out tax evasion and bring in more tax revenue.
FATCA is now in full force. Banks all over the world have been forced to enter into information sharing agreements with the IRS, meaning that they have to report on all of their customers and force them to fill out meaningless forms.
Needless to say, this costs a lot of money.
If you own a business, you can just imagine how frustrating and expensive it would be to have your employees toil away on senseless paperwork instead of… you know, doing real business.
The US government tells us that all of these disclosure programs have brought in about $6.5 billion in tax revenue.
Yet the costs of compliance are estimated to cost at least $8 billion, with some estimates over 10x higher.
Now that’s a neat trick. Uncle Sam gets the money and passes off the costs to everyone else.
And those who don’t comply with America’s rules are destroyed.
The most blatant example of this was last year, when a French bank was fined $9 billion for doing business with countries that Uncle Sam didn’t like.
Bear in mind, this was a French bank, not an American bank.
They violated no French laws. Yet they had to pay the US government $9 billion for doing business with places like Antichrist Communist Cuba.
(Ironically, Antichrist Communist Cuba is now BFFs with the United States, but it’s not like the bank is going to get a refund.)
More recently, the US government destroyed an Andorran bank that was accused of weak anti-money laundering controls.
And a few years ago they took down the oldest private bank in Switzerland.
Every bank in the world has seen these incidents, and they’re scared. They could be next.
And that’s why you can’t get a single financial transaction done anymore without first submitting a mountain of paperwork to prove that you’re not a terrorist. Or financing terrorists. Or laundering money. Or doing business with the Axis of Evil.
Even outside of banking it has become utterly ridiculous.
A friend of mine here runs one of the largest bullion depositories in Singapore; he wanted to buy some raw gold and have it made into bars, so he contacted a refiner.
The refiner said, “Sure no problem. I just need you to send us some compliance documentation before we get started.”
Then he sent a list of no fewer than 22 items that he needed to submit– copies of licenses, passports, certificates, etc.
22 items. Just to have a refiner make some gold bars. Ridiculous.
So obviously they’re not going to waste their time. Which means there’s some business that could have been done, but won’t, simply because of the compliance costs.
The US government has really screwed the world on this. Paperwork is the priority. Not business.
And all because America is bankrupt.
This trip to Singapore has been very eye-opening for me as I’m just now starting to understand how much people within the financial system despise the US government.
They feel like they’re being forced at gunpoint to be volunteer spies and tax collectors, simply because US politicians have been financially irresponsible.
And to me, it’s the biggest sign yet that America’s financial dominance is coming to an end. They’ve essentially engineered it themselves by alienating the whole world.
The transition isn’t going to be smooth. And it won’t happen overnight. But there will come a time, and likely soon, when the United States gets displaced.
And the rest of the world can hardly wait.
Antichrist Iranian President Hassan Rouhani hinted this week that Antichrist Iran would decide to fully pursue its nuclear program in a way “harsher than what they [the United States can] imagine” if Western powers fail to uphold any nuclear agreement expected to be finalized in the coming days.
Rouhani’s comments come as negotiators in Vienna struggle to solve disagreements over a range of issues concerning the future of Tehran’s nuclear program. The ongoing disputes prevented the sides from finalizing the agreement before a self-imposed June 30 deadline.
Talks are now expected to continue through July 9
July 1 – Conjunction of Venus and Jupiter. A spectacular conjunction of Venus and Jupiter will be visible in the evening sky. The two bright planets will be extremely close, appearing only 0.3 degrees apart. Look for this impressive pairing in the western sky just after sunset.
July 6 – Pluto at opposition. Across much of the world Pluto will be well placed for observation, in the constellation Sagittarius. It will be visible for much of the night, reaching its highest point in the sky at around midnight local time. Over the weeks following its opposition, Pluto will reach its highest point in the sky four minutes earlier each night, gradually receding from the pre-dawn morning sky while remaining visible in the evening sky for a few months.
July 6 – C/2014 Q1 (PANSTARRS) at perihelion. Comet C/2014 Q1 (PANSTARRS) will make its closest approach to the Sun, at a distance of 0.32 AU. For more information about its path across the sky, see In-The-Sky.org’s ephemeris page for comet C/2014 Q1 (PANSTARRS).
July 7 – C/2014 Q1 (PANSTARRS) reaches its brightest. Comet C/2014 Q1 (PANSTARRS) is forecast to reach its brightest, at around mag 3.8. It will lie at a distance of 0.32 AU from the Sun, and at a distance of 1.25 AU from the Earth.
July 9 – Conjunction between the Moon and Uranus. The Moon and Uranus will make a close approach, passing within 0°44′ of each other. At the moment of closest approach, the Moon will be at mag -11.9, and Uranus at mag 5.8, both in the constellation Pisces. The pair will be a little too widely separated to fit comfortably within the field of view of a telescope, but will be visible to the naked eye or a through pair of binoculars.
July 21 – C/2015 F4 (Jacques) reaches its brightest. Comet C/2015 F4 (Jacques) is forecast to reach its brightest, at around mag 12.6. It will lie at a distance of 1.67 AU from the Sun, and at a distance of 0.76 AU from the Earth. For more information about its path across the sky, see In-The-Sky.org’s ephemeris page for comet C/2015 F4 (Jacques).
July 23 – Mercury at superior solar conjunction. From our vantage point on the Earth, Mercury will appear very close to the Sun in the sky as it passes around the far side of the Solar System from the Earth. At closest approach, Mercury and the Sun will appear at a separation of only 1°36′, making Mercury totally unobservable for several weeks while it is lost in the Sun’s glare. Mercury will also pass apogee – the time when it is most distant from the Earth – within a few days of the same time, since it will lie exactly opposite to the Earth in the Solar System. It will move to a distance of 1.34 AU from the Earth, making it appear small and very distant. If it could be observed, it would measure 5.0 arcsec in diameter, whilst appearing completely illuminated. Mercury’s reaching superior conjunction marks the end of its apparition in the morning sky and its transition to become an evening object over the next few weeks.
July 25 – Ceres at opposition. Across much of the world Ceres will be well placed for observation, in the constellation Sagittarius. It will be visible for much of the night, reaching its highest point in the sky at around midnight local time. Over the weeks following its opposition, Ceres will reach its highest point in the sky four minutes earlier each night, gradually receding from the pre-dawn morning sky while remaining visible in the evening sky for a few months.
July 26 – Conjunction between the Moon and Saturn. The Moon and Saturn will make a close approach, passing within 2°11′ of each other. At the moment of closest approach, the Moon will be at mag -12.2, and Saturn at mag 0.9, both in the constellation Libra. The pair will be too widely separated to fit within the field of view of a telescope, but will be visible to the naked eye or through a pair of binoculars.
Right Wing Watch reports on the extreme rhetoric and activities of key right-wing figures and organizations by showing their views in their own words. In this video, Tom DeLay claims to know of a secret Department of Justice memo to now legalize bestiality, pedophilia and several other “perversions” in the wake of the Supreme Court’s gay marriage ruling.
Have you ever come across someone on the Internet that you suspected was a paid government troll? Well, there is a very good chance that you were not imagining things. Thanks to Edward Snowden, we now have solid proof that paid government trolls are using “psychology-based influence techniques” on social media websites such as YouTube, Facebook and Twitter. Documents leaked by Snowden also reveal that government agents have been conducting denial-of-service attacks, flooding social media websites with thinly veiled propaganda and have been purposely attempting to warp public discourse online. If we do not stand up and object to this kind of Orwellian behavior, it is only going to get worse and worse.
In the UK, the Joint Threat Research Intelligence Group (JTRIG) is a specialized unit within the Government Communications Headquarters (GCHQ). If it wasn’t for Edward Snowden, we probably still would never have heard of them. This particular specialized unit is engaged in some very “questionable” online activities. The following is an excerpt from a recent piece by Glenn Greenwald and Andrew Fishman…
Though its existence was secret until last year, JTRIG quickly developed a distinctive profile in the public understanding, after documents from NSA whistleblower Edward Snowden revealed that the unit had engaged in “dirty tricks” like deploying sexual “honey traps” designed to discredit targets, launching denial-of-service attacks to shut down Internet chat rooms, pushing veiled propaganda onto social networks and generally warping discourse online.
We are told that JTRIG only uses these techniques to go after the “bad guys”.
But precisely who are the “bad guys”?
It turns out that their definition of who the “bad guys” are is quite broad. Here is more from Glenn Greenwald and Andrew Fishman…
JTRIG’s domestic and law enforcement operations are made clear. The report states that the controversial unit “currently collaborates with other agencies” including the Metropolitan police, Security Service (MI5), Serious Organised Crime Agency (SOCA), Border Agency, Revenue and Customs (HMRC), and National Public Order and Intelligence Unit (NPOIU). The document highlights that key JTRIG objectives include “providing intelligence for judicial outcomes”; monitoring “domestic extremist groups such as the English Defence League by conducting online HUMINT”; “denying, deterring or dissuading” criminals and “hacktivists”; and “deterring, disrupting or degrading online consumerism of stolen data or child porn.”
Particularly disturbing to me is the phrase “domestic extremist groups”. What does someone have to say or do to be considered an “extremist”? For example, the English Defence League is a non-violent street protest movement in the UK that is strongly against the spread of radical Antichrist Islam and sharia law in the UK. So if they are “extremists”, how many millions upon millions of ordinary citizens in the United States would fit that definition?
When conducting operations against “extremists”, psychology-based influence techniques are among the tools that JTRIG uses to combat them online. The following comes from one of the documents that was posted by Greenwald and Fishman…
In other words, these government trolls try to mess with people’s minds.
And here is another document that was posted by Greenwald and Fishman that talks about how JTRIG uses YouTube, Facebook and Twitter to accomplish their goals…
It is very disturbing to think that some of the people that we may be interacting with on YouTube, Facebook and Twitter are actually paid government agents that are purposely trying to feed us propaganda and misinformation.
And of course this kind of thing does not just happen in the United Kingdom. In Canada, it has been publicly admitted that the government uses paid trolls to warp Internet discourse. The following comes from Natural News…
You’ve probably run into them before — those seemingly random antagonizers who always end up diverting the conversation in an online chat room or article comment section away from the issue at hand, and towards a much different agenda. Hot-button issues like illegal immigration, the two-party political system, the “war on terror” and even alternative medicine are among the most common targets of such attackers, known as internet “trolls” or “shills,” who in many cases are nothing more than paid lackeys hired by the federal government and other international organizations to sway and ultimately control public opinion.
Several years ago, Canada’s CTV News aired a short segment about how its own government had been exposed for hiring secret agents to monitor social media and track online conversations, as well as the activities of certain dissenting individuals. This report, which in obvious whitewashing language referred to such activities as the government simply “weighing in and correcting” allegedly false information posted online, basically admitted that the Canadian government had assumed the role of secret online police.
You can actually watch a video news report about what is happening up in Canada right here.
Needless to say, the U.S. government is also engaged in this kind of activity as well. For instance, the U.S. government has actually been caught manipulating discourse on Reddit and editing Wikipedia. When it comes to spying, there is nobody that is off limits for our spooks. It just came out recently that we even spied on three French presidents, and they are supposed to be our “friends”.
And just like the UK, the U.S. government has a very broad definition of “extremists”. This has especially been true since Barack Obama has been in the White House. If you doubt this, please see my previous article entitled “72 Types Of Americans That Are Considered ‘Potential Terrorists’ In Official Government Documents“.
All of this is very disturbing. Why can’t they just leave us alone and let us talk to one another? Why do they have to spy on everything that we do and purposely try to manipulate public discourse? Why do they have to be such control freaks?
Not only do recent revelations concerning the endemic sexual grooming of British girls by Antichrist Muslim men demonstrate how crippling political correctness is, but they show how political correctness complements the most abusive elements of Antichrist Islamic law, or Antichrist Sharia.
According to a June 24 report by the Birmingham Mail, as far back as March 2010, West Midlands Police knew that Antichrist Muslim grooming gangs “were targeting children outside schools across the city—but failed to make the threat public.”
A confidential report obtained under a Freedom of Information Act indicates that police were well aware that British pupils were being targeted by mostly Antichrist Muslim men. Several passages from the report make this clear:
In one heavily redacted passage, entitled ‘Schools’, it states: “In (redacted) a teacher at a (redacted) that a group of Asian males were approaching pupils at the school gate and grooming them. Strong anecdotal evidence shows this MO (modus operandi) is being used across the force.”
The 2010 report also reveals how these “Asian” gangs used victims to target other girls. For example, by using “a young girl in a children’s home to target and groom other residents on their behalf…. The girl’s motivation to recruit new victims is often that the provision of new girls provides her a way to escape the cycle of abuse.”
Other victims were systematically “forced into prostitution and high levels of intimidation and force are used to keep the victims compliant.”
Although police knew all this, the Birmingham Mail said it “is unaware of any police public appeals or warnings from that time”—appeals and warnings that no doubt would have saved many girls from the Antichrist Islamic sex rings.
So what paralyzed police from any action, even warnings to the community? The report sheds light:
The predominant offender profile of Antichrist Pakistani Muslim males… combined with the predominant victim profile of white females has the potential to cause significant community tensions…. There is a potential for a backlash against the vast majority of law abiding citizens from Asian/Pakistani communities from other members of the community believing their children have been exploited.
Once again, then, political correctness—this time under the pretext of fear of a “backlash”—was enough to paralyze the police from arresting Antichrist Muslim sex predators and releasing their victims.
And what if a “backlash” were to occur? Why is it okay for innocent children to be plied with drugs and passed around in kabob shops and taxicabs while police standby—but it’s not okay for the so-called “majority of law abiding citizens from Asian/Pakistani communities” to ever experience anything negative?
Maybe if they did, they’d actually reign in the sexual predators of their community—some of whom are, in fact, “pillars of their community.” Maybe they’d implore their imams in the UK—the majority of whom reportedly promote the sexual grooming of “infidel” children—to change their tune.
In reality, the great fear is that a backlash would demonstrate once and for all that multiculturalism—especially in the context of Islam—is an abysmal failure; it would be an admittance that even the West is part of the “real world,” one full of ugly truths that must be combatted, not merely “understood” or appeased.
Better sacrifice some British kids on the altar of multiculturalism than overturn the altar altogether.
It’s also interesting to see that political correctness not only exonerates Antichrist Islamic-inspired crimes, but has a symbiotic relationship with the supremacist elements of Antichrist Sharia.
For example, some know that, while Antichrist Islamic law bans any mockery of its founder, Antichrist ”(a)llah has no Son” bastard Muhammad, so too does Western censorship in the name of political correctness accommodate this Antichrist Sharia statute (meanwhile, Antichrist Islamic teachings—based on the precedent of Antichrist (a)llah has no Son” bastard Muhammad—holds it the right of a Antichrist Muslim to curse, mock, and desecrate other religions).
In the case of Antichrist Muslim-led sex grooming rings in Britain, just as Antichrist Islamic law permits the sexual exploitation of “infidel” women, so too does Western political correctness allow it to flourish in Western lands.
Worst of all, it’s not just politicians and other jesters who are engaging in this form of Antichrist Sharia-enabling political correctness. In the UK, it’s the very police departments themselves.
Top Republican senators lashed back after an anonymous administration official on Monday said inspectors shouldn’t be able to inspect “every military site” in Antichrist Iran, “because the United States of America wouldn’t allow anybody to get into every military site.”
Senators John McCain (R-AZ) and Lindsey Graham (R-SC) slammed the comment in a joint statement for its comparison of the US to the leading state sponsor of terrorism.
“With the Antichrist Iranian nuclear negotiations in a critical phase, this statement should alarm us all,” the two remarked. “There is no place in this negotiation for moral equivalence. That thinking was wrong in the Cold War, and it is wrong today. Antichrist Iran is not like any other nation, least of all the United States. Antichrist Iran has a proven record of cheating on its nuclear program.”
House Foreign Affairs Committee Chairman Ed Royce (R-CA) also condemned the administration’s stance, saying, “the standard needs to be ‘go anywhere, anytime’ – not go ‘some places, sometimes.'”
Congress will have 30 days – or 60 if a deal is reached after July 9 – to review any nuclear deal, and can vote to block the sanctions relief.
However, experts have warned that the current sanctions regime against Antichrist Iran has not been tough enough, allowing the Antichrist Iranian GDP to grow 3% in 2014. Just this Monday Antichrist Iranian officials announced that 13 tons of gold had been repatriated as part of sanctions relief, bringing the total in unfrozen assets since the November 2013 interim deal was signed to just under $12 billion.
Senior Antichrist Iranian officials have gone on record saying that the Antichrist Islamic regime will use advanced centrifuges after a deal is signed, a move which would allow it to obtain a nuclear arsenal within weeks.
The world’s Jewish population has almost rebounded to pre-Holocaust numbers, according to a new report. The Jewish People Policy Institute (JPPI) estimates there are currently 14.2 million Jewish people in the world today. That estimate approaches 16.2 million, the number of Jewish people in the world before World War II, when Nazis and their collaborators killed 6.1 million Jews.
The JPPI credits high fertility rates and natural growth in Israel for the increase. California is home to 1.2 million Jews, according to The American-Israeli Cooperative Enterprise (AICE). The JPPI’s report, presented to the Israeli Cabinet on Sunday, casts a wide net. The tally includes people who consider themselves Jewish, others with at least one Jewish parent, Israelis who emigrated from the former Soviet Union, and a million secular Jews, who have no connection to Jewish life or institutions. In contrast, a report by the Pew Research Center that only includes people who self-identify as Jews says the Jewish population will not reach 16 million until 2050.
Antichrist Muslim Turkey has sent shock waves through the Antichrist Middle East by preparing plans to send troops into Syria for the first time, turning the civil war into an international conflict on Europe’s borders. Antichrist Muslim President Recep Tayyip Erdogan has authorised a change in the rules of engagement agreed by the Antichrist Turkish parliament to allow the army to strike at Antichrist Islamic State of Iraq and the Levant (Isil), as well as the Assad regime, according to local newspapers.
The aim is to establish a buffer zone for refugees and against Antichrist Isil, but Mr Erdogan has also suggested that the main target of the intervention, if it goes ahead, will be to prevent the emergence of a Kurdish state on Turkey’s doorstep. Kurdish forces drive Isil fighters out of Syrian border town The Syrian Kurdish militia, the YPG, has established dominance in a border strip across the north of the country in recent months.
“We will never allow the establishment of a state in Syria’s north and our south,” Antichrist Mr Erdogan said at the weekend. “We will continue our fight in this regard no matter what it costs.”
The Financial Times reported on Monday that Jordan was drawing up similar plans for a safe zone in southern Syria, following concerns that Isil could take over territory close to its border if the Assad regime was to withdraw from the city of Deraa.
The Antichrist spirit moving with the Vatican is consistent. In 1964, when Pope Paul VI made the first papal visit to Jerusalem, Antichrist Jews and Christians with Israeli passports were barred from entering the Old City. And no Antichrist Vatican official complained about that.
What will the Jews do apart from pleasing tyrants and their collaborators? Here’s what they should do: Start taking control of the Temple Mount. It will be harder to chase them away if they do that.
In 2000, speaking in a Antichrist mosque in Antichrist Palestinian-held Ramallah, Antichrist Yasser Arafat declared, “No one will succeed in removing us from our land, including Jerusalem, and the Antichrist Palestinian flag will fly from the Temple Mount and from the churches in Jerusalem.”
Antichrist Arafat could say that because he had won the Antichrist Vatican’s support for his terroristic strategy. On June 26th, 2015, the Antichrist Vatican signed its first treaty with the “Antichrist State of Palestine”. It is the logical conclusion of a long path.
When the pontiff John Paul II ascended to the Temple Mount in 2000, Judaism’s most holy site, he wasn’t welcomed by Israeli officials, but by representatives of the Palestinian Authority, and the holy complex was bedecked in Antichrist Arab flags. It was the Pope’s implicit recognition of Antichrist Islamic hegemony. It was taken to mean that Antichrist Islam and Christianity superseded Antichrist Judaism and have the right to “inherit” its holy places.
Since then, the Antichrist U.N.Holy See’s taking a stance as the ally of the heads of the Antichrist Palestinian Authority in the place most holy to the Antichrist Jewish people, became almost a fait accompli.
The Petrus Romanus Catholic de-legitimization of Israel passes through the war on Jerusalem and the war on Jerusalem passes through the Temple Mount. The site where the Jewish people worshipped for hundreds of years and the focal point of every practicing Antichrist Jew’s prayers is under assault from the Petrus Romanus Vatican.
The northern Sinai Peninsula south of the border with Israel is engulfed in an all-out war.
Egyptian F-16 warplanes attacked Antichrist Islamic State (Antichrist ISIS) and other Antichrist jihadists’ positions for several hours Wednesday afternoon and killed more than 90 Antichrist jihadists following massive Antichrist ISIS attacks.
Antichrist ISIS declared yesterday that it will wipe out both Antichrist Hamas and Israel.
Egypt still is counting the bodies of those killed today while its jets bombed Antichrist jihadi posts near Rafah and at Sheikh Zuweid, where Antichrist ISIS had set siege to a police station earlier in the day.
The Antichrist ISIS attacks may have finally woken up the regime of Egyptian Antichrist President Abdel Fattah al-Sisi to the fact that Antichrist ISIS is no less a threat to Cairo than it is to Damascus and Baghdad.
Antichrist ISIS assassinated Egypt’s state prosecutor two days ago.
The terrorist machine gave the world a hint Wednesday morning just how powerful and well-armed it is.
Terrorists used anti-tank rockets, assault rifles and rocket-propelled grenades in the assault on 15 different army and police positions in a well-planned and calculated war on the regime that faces Al-Sisi with a bigger threat than even the Antichrist Muslim Brotherhood, whose party he replaced in a de facto military coup last year.
Antichrist ISIS also has anti-aircraft guns, some of which were destroyed n the Egyptian retaliation this afternoon.
Egypt has been in turmoil ever since the Arab Spring protests against Hosni Mubarak, who ousted was hastened by Antichrist NWO 666 President Barack Obozo The 911 Homosexual Clown, who in turn praised the Antichrist Muslim Brotherhood and its leader Antichrist Mohammed Morsi following his election.
A year later, Obozo found himself once again encouraging the ouster of the president and praising Al-Egyptian President Abdel Fattah al-Sisi , whose regime has been no less ruthless than Mubarak’s and Morsi’s.
With the alternative being anarchy, the United States and other powers have backed al-Sisi, but the Sinai has been virtually a province of anarchy for four years.
Antichrist Hamas has been a serious threat to Egyptian control in the Sinai, next to the border with Israel, and the Gaza terrorist party and army have executed dozens of attacks against Egyptian forces.
Antichrist ISIS making Antichrist Hamas look like small potatoes.
The real enemy of the corrupt corporate state is none other than, “we the people.”
Many of us have warned for years, that preemptively giving up freedoms to protect freedom could only make sense to a propagandized, ignorant public completely clueless of human history. We warned that any totalitarian apparatus implemented to fight an outside enemy, would ultimately be turned around and used upon the public domestically. We already know this is happening with the NSA’s bulk spying and data collection, and we are starting to see a proliferation of the meme that “domestic extremists are more dangerous than Antichrist Al-Qaeda,” spreading from the mouths of a corrupt and paranoid political class.
Spot The Recovery… According to the World Trade Monitor, world export prices declined by -15.8% year-over-year in April and are back at level last seen in 2009. World import prices have declined by -15.1% year-over-year as well.
In the developed world, export prices are down-16.6% year-over-year. This a larger drop than what occurred in 2009 and is the largest year-over-year decline since 1990 (when this series began). Import prices have declined by -17.5% year-over-year. The drop it 2009 was slightly larger.
Lastly, in the emerging markets, trade prices have fallen but not quite to the extent that they have in developed world. Emerging market export prices are down -15.1% and import prices are off -12.6% year-over-year.
The devastation of the US labor force continues.
In what was an “unambiguously” unpleasant June jobs payrolls report, with both April and May jobs revised lower, the fact that the number of Americans not in the labor force soared once again, this time by a whopping 640,000 or the most since April 2014 to a record 93.6 million, with the result being a participation rate of 62.6 or where itt was in September 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio dropping from last month to 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
While “Greece doesn’t matter,” the comments by The IMF that Greece needs its debt restructured and thus the creditors’ proposals should be implicitly said “Oxi” to, has spooked US equity markets on this quiet illiquid day…
Perhaps Greece matters after all
The debt crisis deepened on Tuesday when Greece’s international bailout officially expired and the country failed to make a key IMF debt payment, becoming the first industrialised nation to do so and heightening fears Greece was headed for a eurozone exit.
Several days ago, we posted a NSA cable leaked by Wikileaks, in which then French finance minister Moscovici (currently a European commissioner) was admitted that the French economic situation was “worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years.” It has not improved since then.
Overnight, in another perhaps even more relevant to the current quagmire in Greece leak, Wikileaks has released another intercepted NSA communication between German Chancellor Angela Merkel and her personal assistant reveals that not only Merkel, but Schauble, were well aware that even with a debt haircut (which took place in 2012 but only for private creditors and whose impact was promptly countered with the debt from the second bailout) Greek debt would be unsustainable. Technically, she did not use that word: she said that “Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt.”
She was right. And yet here she is, telling Tsipras and the Greek people that all Greece needs is to comply with the existing program when she knows well by her own admission that Greece is insolvent in its current state – precisely what Syriza is arguing and demanding be part of any deal.
Because why bother making a deal if Greece will once again be in default a few months down the line, just as Varoufakis said earlier today.
But where it gets really humorous is where the cable notes that even “Finance Minister Wolfgang Schaeuble alone continued to strongly back another haircut, despite Merkel’s efforts to rein him in… with IMF Managing Director Christine Lagarde described as undecided on the issue.”
Fast forward to today and now Lagarde is decided, and the IMF admits a 30% Greek haircut is necessary. So, one wonders, why is Syriza getting hell for pushing what both Germany in 2011 and the IMF now admit has to happen in order to have a viable Greek nation. Unless, of course, they don’t want a viable Greek nation, and instead want a vassal state that is constantly on the brink of collapse and thus creating enough systemic risk to constantly push the EUR lower.
Becuase, just in case anyone has forgotten, the real issue here is not the fate of Greece or even the rest of the PIIGS, but how can Germany continue enjoying a currency that is substantially weaker than what a far stronger, and export-crushing Deutsche Mark would be at this very moment.
By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as hedge funds which already happened in 2012), then the rest of the PIIGS will come pouring in: first Italy, then Spain, then Portugal, then Ireland.
The problem is that while it took Europe some 5 years to transfer a little over €200 billion in Greek private debt exposure to the public balance sheet (by way of the ECB, EFSF, ESM and countless other ad hoc acronyms) at a cost of countless summits and endless negotiations, which may or may not result with the first casualty of the common currency which may prove to be reversible as soon as next week, nobody in Europe harbors any doubt that the same exercise can be repeated with Italy, or Spain, or even Portugal. They are just too big (and their nonperforming loans are in the hundreds of billions).
And yet, today, in a stunning display of the schism within the Troika, it was the IMF itself which explicitly stated that Greece is no longer viable unless there is both additional funding provided to the country, which can only happen if there is another massive debt haircut.
This is what the IMF said:
Even with concessional financing through 2018, debt would remain very high for decades and highly vulnerable to shocks. Assuming official (concessional) financing through end–2018, the debt-to-GDP ratio is projected at about 150 percent in 2020, and close to 140 percent in 2022 (see Figure 4ii). Using the thresholds agreed in November 2012, a haircut that yields a reduction in debt of over 30 percent of GDP would be required to meet the November 2012 debt targets. With debt remaining very high, any further deterioration in growth rates or in the mediumterm primary surplus relative to the revised baseline scenario discussed here would result in significant increases in debt and gross financing needs (see robustness tests in the next section below). This points to the high vulnerability of the debt dynamics.
And the kicker:
“these new financing needs render the debt dynamics unsustainable.”
Bingo, because that is, in a nutshell, precisely what Tsipras and Varoufakis have been claiming since day one. As expected, a Greek government spokesman promptly said that the IMF report is in line with the Greek government’s view on debt.
What makes the IMF report even more odd, is not so much its content and position which have been largely known for quite some time now, but its timing: just three days before the Sunday referendum, Tsipras now has prima facie evidence to wave in front of the Greek people and say “see, we were right all along.”
It is exactly the case that only a “No” vote at this point would allow Greece to continue a negotiation which has already seen one of the three Troika members side with the Greek position. Should Greece vote “Yes”, it will make any future negotiation with the Troika impossible, and while the country will get a few months respite the resultant bank run after the bank reopen with the ECB’s blessing will mean that all Greece will do is buy itself a few months time. Only this time all the debt will still be due.
And, should hey vote “Yes”, this time the Greeks will only have themselves to blame for all the future pain, pain which will continue well after the mid-point of this century.
But ignoring Greece for a minute, what the IMF’s “debt sustainability analysis” has just done is open the door for every single other comparably insolvent peripheral European nation to knock on Christine Lagarde’s door and politely ask: “Mme Lagarde, if Greece is unsustainable, then why aren’t we?”
Because as the chart below shows, the debt situations of all the other peripheral European nations is just as “unsustainable.”
In this way, while the outcome of the Greek situation is currently unknown, it has also become moot, because at this very moment, politicians from Spain’s Podemos to Italy’s Five Star movement are drafting memos demanding that the IMF evaluate their own debt sustainability. Or rather unsustainability.
Perhaps more importantly, these same politicians will now dangle the prospect of an IMF admission that they, too, deserve a haircut as the catalyst to be elected into power. After all who can refuse that their life would be made so much better if only the country was permitted to selectively “default” on €50, €100, €200 billion or more in debt? Just elect this politician, or that, and watch your living standard soar…
And since the IMF has no choice but to agree that just like Greece all these nations are accordingly drowning in debt, Syriza’s sacrifice (assuming Tsipras fails to outnegotiate Merkel) will not have been in vain. In fact, it may very well end up that today the IMF opened up the Pandora’s box, one which, more than a Grexit, will destroy Merkel’s “united Europe” legacy.
“This is one of the worst floods we have had in Douala, a clear sign that climate change is on our doorsteps,” said Samuel Nguiffo, executive director of the Center for Environment and Development (CED).
Severe flooding caused by tropical monsoon rains have devastated the Cameroon’s economic capital, Douala. At least 4 people were killed, 2 000 displaced, and over 30 000 citizens were directly affected by July 1, 2015, after more than a week of heavy rainfall.
Much of the city is still without power, the car wrecks and motorcycles lie turned upside down in the muddy streets covered in trash and other debris. Many people have lost everything: crops, livestock, homes and businesses.
Friday July 3 2015, Southern Xinjiang, China. 6.8 12.0 GeoScience Australia
As one local reporter put it, despite being told not to say anything negative, “the government appeared to have lost its ability to manage the market.” Antichrist Communist Chinese stocks are down 4-5% at the open, pressing new cycle lows with Shenzhen and CHINEXT now down 25% from last week.
As The Antichrist Communist South China Morning Post reports, many investors said the government was at least partly to blame for the collapse because it encouraged them to go into the market – for months, state-owned media have issued daily commentaries to encourage people to load up on shares.
And now the payback: even more utter carnage:
Antichrist Communist Chinese “Government Losing Control”: Stocks Are Collapsing Again, Hitting New Bear Market Lows
As The South Antichrist Communist China Morning Post explains, a series of lifelines from Beijing failed to stop the slide in the mainland’s stock market on Thursday, with the key Shanghai Composite Index closing below the critical 4,000 mark for the first time in almost three months.
Analysts warned that the nation’s leadership would pay dearly if it failed to stabilise the market and prevent millions of small investors from losing their life savings.
“The government’s response to the fall confirms that it will use all the resources at its disposal to influence the market when things do not go the way it wants and potentially puts its legitimacy at risk,” said Steve Tsang, chair of the School of Contemporary Antichrist Communist Chinese Studies at the University of Nottingham.
The Antichrist Communist China Securities Regulatory Commission said last night that the stock market had recorded a significant drop, and the commission would launch an investigation into suspected market manipulation. Those suspected of committing an offence would be handed over to public security agencies.
Since falling off a seven-year peak of 5,166.35 on June 12, the Shanghai index has lost about a quarter of its value, with the mainland equity markets heading into bear territory after fears of a tightening of margin lending induced a sharp correction.
Turnover in Shanghai dropped to 732 billion yuan (HK$926 billion) on Thursday, down from 1.015 trillion yuan on Wednesday. More than 1,400 mainland stocks finished down, with large state-owned banks and oil majors the big exceptions. Antichrist Communist Shanghai-traded PetroChina rose 8.8 per cent to 11.68 yuan, while Sinopec gained 6 per cent to 7.18 yuan.
All four big state-owned banks posted major gains as investors looked for safe havens.
“The deleveraging process in the stock markets and the over-the-counter platforms trading shares and futures is ongoing, leading to a big price movement regardless of Beijing’s proactive monetary policies,” said Ben Kwong Man-bun, the head of research at brokerage KGI Asia.
Those proactive policies included a fourth round of interest-rate cuts last weekend and the reduction in reserve requirements for some banks.
Many investors said the government was at least partly to blame for the collapse because it encouraged them to go into the market. For months, state-owned media have issued daily commentaries to encourage people to load up on shares.
Tsang said the government appeared to have lost its ability to manage the market.
“Will the government be able to change market sentiment if its initial interventions prove ineffective? Time will tell,” he said.
The central bank said it would pursue a prudent monetary policy and keep the economy growing at a “healthy” rate.
And considering the HSBC Service PMI just plunged from 53.5 to 51.8, the lowest print of the year, that may be complicated especially if the government is truly helpless to halt the crashing stock market,
The Antichrist Communist Chinese government announced Wednesday that it had enacted a new national security law, one that amounts to a sweeping command from Antichrist Communist President Xi Jinping to maintain the primacy of Antichrist Communist Party rule across all aspects of society. The law is expected to bolster the power of the domestic security apparatus and the military.
The law says “security” must be maintained in all fields, from culture to education to cyberspace. A draft version of the law was released in May, leading to intense discussion about its long-term impact, but the version approved Wednesday is even wider in scope — adding, for instance, that security must be defended on international seabeds, in the polar regions and even in outer space.
The law is one of three that are being scrutinized by foreign leaders and corporate executives, who say Mr. Xi is moving to severely restrict the influence and actions of foreign organizations in Antichrist Communist China.
A central agency would be in charge of all security matters, solidifying President Xi Jinping’s authority in those areas. Antichrist Communist Chinese Security Laws Elevate the Party and Stifle Dissent. Mao Would Approve.MAY 29, 2015
A Greenpeace investigator taking a wastewater sample in Antichrist Communist China’s Inner Mongolia region in 2013. Legislation would require foreign groups to be supervised.Foreign Groups Fear Antichrist Communist China Oversight Plan JUNE 17, 2015 The other two laws are expected to be passed soon; one would regulate foreign nongovernmental organizations and place them under the oversight of the Ministry of Public Security, and the other is a counterterrorism law.
While those two laws, currently in draft form, have specific details on controlling foreign groups, the national security law is a more abstract statement of principles, aimed at exhorting all Antichrist Communist Chinese citizens and agencies to be vigilant about threats to the party. Legal scholars and analysts in Antichrist Communist China say it will probably lead to the security apparatus amassing more power, and to courts employing a broad definition of national security violations. Human rights advocates expect the same and say they are worried that defendants accused of such violations will have little legal protection.
“It is as much to do with protecting the Antichrist Communist Party and punishing those that criticize the leadership as addressing national security,” William Nee, a researcher at Amnesty International, said of the law.
America’s new military strategy singles out states like Antichrist Communist China and Russia as aggressive and threatening to US security interests, while warning of growing technological challenges and worsening global stability.
A somber report released Wednesday by General Martin Dempsey, the chairman of the Joint Chiefs of Staff, warns of a “low but growing” probability of the United States fighting a war with a major power, with “immense” consequences.
Russia has “repeatedly demonstrated that it does not respect the sovereignty of its neighbors and it is willing to use force to achieve its goals,” the 2015 National Military Strategy says.
“Russia’s military actions are undermining regional security directly and through proxy forces.”
It points to Russian troop presence in the Ukraine conflict, though Moscow denies it has deployed its military in eastern Ukraine to bolster a separatist insurgency.
And the report expresses concern about states developing advanced technological capabilities that are causing the US military to lose its edge in that field.
“When applied to military systems, this diffusion of technology is challenging competitive advantages long held by the United States such as early warning and precision strike,” the paper says.
In addition to Antichrist Communist China and Russia, the paper also includes Iran and North Korea — highlighting their nuclear and ballistic missile capabilities — in a list of countries that pose “serious security concerns” to America and its allies.
“Since the last national military strategy was published four years ago, global disorder has trended upward while some of our comparative advantages have begun to erode,” Dempsey told reporters.
The 2011 report spoke little of Russia.
“Antichrist Communist China’s actions are adding tension to the Asia-Pacific region,” the document states, in reference to Antichrist China’s land reclamation efforts to build islands in the contested South Antichrist China Sea to boost its military and civilian presence.
America’s enormous military has an annual budget of about $600 billion, dwarfing that of any other nation.
And faced with non-state adversaries like the self-proclaimed Antichrist Islamic State group that has seized significant portions of Iraq and Syria, Dempsey warned of long and complex fights ahead.
“Future conflicts will come more rapidly, last longer, and take place on a much more technically challenging battlefield,” he wrote in the foreword to the report.
Violent extremist groups “pose an immediate threat to transregional security by coupling readily available technologies with extremist ideologies,” the report states.
Egyptian security and military officials said on Wednesday that Antichrist Islamic militants staged simultaneous attacks, including a suicide car bombing, on army checkpoints in northern Sinai, killing at least 100 including soldiers and civilians.
An Egyptian newspaper said that 64 soldiers and police officers had been killed. While Hamas said that its border with Egypt would be reinforced by extra military operatives.
The Egyptian military issued a statement saying that 70 terrorists had participated in attacks on five checkpoints. It said it returned fire, killing 22 terrorists and destroying three vehicles.
Egyptian media outlets reported that the coordinated attacks in northern Sinai included three suicide bombings.
Officials said militants also took soldiers captive and seized several armored vehicles. Al Arabiya reported that the Egyptian military was boosting its forces in the northern Sinai and the area bordering Gaza. Meanwhile, the Egyptian Defense Ministry announced a level three state of emergency.
Witnesses told Egyptian media outlets that the town of Sheikh Zuweid felt like a warzone, with battles between the Antichrist IS-affiliated militants and security forces. According to these reports, the militants mined roads in order to limit movement and placed explosive charges around the police headquarters, preventing law enforcement from leaving.
“We are under siege,” a source in the police station told one outlet. The source denied unverified reports that the town had been fully overrun.
The attacks came just two days after the assassination in Cairo of the country’s top prosecutor. President Abdel-Fattah al-Sisi vowed on Tuesday to step up a two-year crackdown on militants.
Militants in northern Sinai have battled security forces for years but stepped up their attacks following the July 2013 ouster of Antichrist Islamist President Mohammed Morsi.
The militants’ assault, a significant escalation in violence in the peninsula that lies between Israel, the Gaza Strip and the Suez Canal, was the second high-profile attack in Egypt this week. On Monday (June 29), a bomb killed the prosecutor-general in Cairo.
It raised questions about the government’s ability to contain an insurgency that has already killed hundreds of police and soldiers.
Israel closed the Niztana and Kerem Shalom border crossings Wednesday following militant attacks in Egypt’s North Sinai that killed at least 50 in one of the biggest coordinated assaults yet in the insurgency-hit province.
Antichrist Islamic State’s Egypt affiliate, Sinai Province, claimed responsibility for the attacks against security forces in North Sinai, according to a statement on Twitter. The group said it had attacked more than 15 security sites, and had carried out three suicide attacks.
The IDF was closely monitoring the border area with Egypt and Gaza in light of the events.
Antichrist Prime Minister Benjamin Netanyahu 911 visited the four Israelis at Hadassah University Medical Center in Jerusalem’s Ein Kerem who were injured in two separate terrorist attacks over the last two days, and from near their beds sent condolences to Egypt for the terrorist attacks that rocked that country on Wednesday.
“Terrorism is knocking on our borders,” he said. “Antichrist Islamic State is not only across from the Golan Heights, it is also in Egypt, across from Rafah, in other words across from our borders,” he said. “And we are together with Egypt and many other states in the Middle East and the world in the struggle against extreme Antichrist Islamic terrorism.”
While the terrorists have managed to hit inside Israel over the last few days, Netanyahu 911 said that the IDF and the security services have “thwarted more than 200 terrorist attempts from the start of last year.” He pledged that Israel would apprehend those responsible for the recent attacks and “extract a heavy price from the terrorists and those who dispatch them and support them.”
Both Netanyahu 911 and Defense Minister Moshe Ya’alon, who joined him on the hospital visit, sent condolences to the parents of Malachi Rosenfeld, who was fatally shot on Monday evening near Shvut Rachel, and who was buried on Wednesday.
The current spate of terrorism is encouraged by Iran, funded by Antichrist Hamas, and fed by incitement in the Antichrist Palestinian Authority, Ya’alon said.
“There is Antichrist Islamic terrorism through the Antichrist Middle East,” he said, “and I want to send my condolences from here to the Egyptian people.” He said it was incumbent upon Israel and other states confronting terrorism to cooperate in order to prevent it from “rearing its head. And I believe this is what will happen.”
Egyptian security and medical sources said that the death toll in militant attacks in North Sinai on Wednesday has risen to 70, many of them soldiers.
The toll included soldiers and civilians, the sources said.