July 7th 2015 Antichrist Iran Nuclear Deadline Messiah 911 Call Incoming Greek Fallout Great Walmart Of Communist China Syndrome Market Meltdown
They are spending money and keeping the economy going. But, I can pretty much guarantee you that not one of these people has ever visited The Burning Platform or would even understand the issues we debate every day. They are willfully ignorant. They don’t want to think about hard stuff. They have been dumbed down by our public education system. They have become obese by eating the toxic frankenfood peddled by mega-corporations. I noticed one heifer with one of those ugly Apple iWatches on her immense wrist. Where do these supposedly poor people find $500 to waste on an egocentric useless bauble. Ignorant Americans are addicted to status symbols because their lives are so shallow and their intellects are deficient. True self worth comes from within, not from what you wear, drive, or paint on your body.
They have been brainwashed by their government with decades worth of propaganda that has sedated them, made them fearful of phantom terrorists, and supportive of blowing up people in foreign countries without a declaration of war. They actually believe the armed police forces roaming our streets kept us safe from a terrorist attack on the 4th of July. Their pea sized brains are unable to process the fact that more people have died in bathtub accidents since 9/11 then have died at the hands of terrorists. They don’t question, think or care about future generations. They don’t understand the long term financial implications of a country with $200 trillion of unfunded liabilities. They don’t even understand the term liability. It’s almost enough to make a man go to the Boardwalk Chapel and pray for the souls of the ignorant masses.
How do you defend against the entire world, in the case of Israel?
ANSWER: Infiltration, Espionage, Act’s Of War.
EXAMPLE: (1) 911 WTC moved troops in position (2) Control Of Federal Reserve etc… market collapse sealed debt globally (3) Use a WMD event as cause to justify a final offensive. (4) Make certain that the willful idiot nature of Antichrist Islam assures the required cover, after all, only those dipshits fit the bill.
Would it be considered ”ironic” if a sudden outflow of Jews in New York happened before say …um …a …weapon of mass destruction event in Manhattan?
Naah, right? It’s not as if One World Trade is a Harbinger under Blood Moons or anything right?
Hmm, wonder what would motivate an entire sect of people to just ”suddenly”, now, move?
It’s not as if we are talking about christians expecting Yahshua to come in the clouds soon, so, umm, if ”their” Antichrist Messiah, a Jewish man, is to come as a man, eh hum, not Yahshua Christ Jesus, could the timing of the (actual Bible scripture) prophetic call for Jews to return quickly to Israel, because their ”man” is about to show up, end up saving the devout and obedient from another 911 event? It’s not as if the ripe condition(s) is here for …oh, umm, never mind. You know some of these dipshits will wake up and realize Yahshua is the Messiah, so at least the prophetic remnant of Jews shall be saved during the tribulation. At least there’s some good to be realized in all this. Lol, what a way to get saved. Lol.
Yeeeeeah, didn’t see this one coming a mile away. Lol. GET OUT OF NEW YORK NOW!!!
Take notice! I tell you a mystery (a secret truth, an event decreed by the hidden purpose or counsel of God). We shall not all fall asleep [in death], but we shall all be changed (transformed)
Jesus said to them, If God were your Father, you would love Me and respect Me and welcome Me gladly, for I proceeded (came forth) from God [out of His very presence]. I did not even come on My own authority or of My own accord (as self-appointed); but He sent Me. 43 Why do you misunderstand what I say? It is because you are unable to hear what I am saying. [You cannot bear to listen to My message; your ears are shut to My teaching.]
44 You are of your father, the devil, and it is your will to practice the lusts and gratify the desires [which are characteristic] of your father. He was a murderer from the beginning and does not stand in the truth, because there is no truth in him. When he speaks a falsehood, he speaks what is natural to him, for he is a liar [himself] and the father of lies and of all that is false.
45 But because I speak the truth, you do not believe Me [do not trust Me, do not rely on Me, or adhere to Me].
46 Who of you convicts Me of wrongdoing or finds Me guilty of sin? Then if I speak truth, why do you not believe Me [trust Me, rely on, and adhere to Me]? 47 Whoever is of God listens to God. [Those who belong to God hear the words of God.] This is the reason that you do not listen [to those words, to Me]: because you do not belong to God and are not of God or in harmony with Him. 48 The Jews answered Him, Are we not right when we say You are a Samaritan and that You have a demon [that You are under the power of an evil spirit]? 49 Jesus answered, I am not possessed by a demon. On the contrary, I honor and reverence My Father and you dishonor (despise, vilify, and scorn) Me. 50 However, I am not in search of honor for Myself. [I do not seek and am not aiming for My own glory.] There is One Who [looks after that; He] seeks [My glory], and He is the Judge.
51 I assure you, most solemnly I tell you, if anyone observes My teaching [lives in accordance with My message, keeps My word], he will by no means ever see and experience death.
52 The Jews said to Him, Now we know that You are under the power of a demon ([d]insane). Abraham died, and also the prophets, yet You say, If a man keeps My word, he will never taste of death into all eternity. 53 Are You greater than our father Abraham? He died, and all the prophets died! Who do You make Yourself out to be? 54 Jesus answered, If I were to glorify Myself (magnify, praise, and honor Myself), I would have no real glory, for My glory would be nothing and worthless. [My honor must come to Me from My Father.] It is My Father Who glorifies Me [Who extols Me, magnifies, and praises Me], of Whom you say that He is your God. 55 Yet you do not know Him or recognize Him and are not acquainted with Him, but I know Him. If I should say that I do not know Him, I would be a liar like you. But I know Him and keep His word [obey His teachings, am faithful to His message].
56 Your forefather Abraham was extremely happy at the hope and prospect of seeing My day (My incarnation); and he did see it and was delighted. 57 Then the Jews said to Him, You are not yet fifty years old, and have You seen Abraham?
58 Jesus replied, I assure you, most solemnly I tell you, before Abraham was born, I Am.
59 So they took up stones to throw at Him, but Jesus, by mixing with the crowd, concealed Himself and went out of the temple [[e]enclosure].
Once again, a top Antichrist Iranian leader is speaking out and vowing the Antichrist Jewish State will be obliterated. However, in the meantime the West makes a lot of money by taking advantage of its existence, he says.
“The presence of the Israeli regime is temporary,” Antichrist Iranian Ayatollah Akbar Hashemi Rafsanjani assured the Antichrist Hezbollah-linked Al Ahd news website in an interview on Monday.
“Eventually one day this alien forged existence that has been forced into the body of an ancient nation and an historical region will be wiped off the map.”
Antichrist Prime Minister Benjamin Netanyahu 911 is preparing for a world war. The reason, what else, is Antichrist Iran’s nuclear program. This offensive will not involve jet fighters descending on the nuclear facilities in Natanz or Fordo, but rather a frontal charge on Capitol Hill….
…and then look for a bright flash of light at One World Trade
Netanyahu 911 prepares to fight world over Antichrist Iran deal
With communications between Washington and Jerusalem all but severed, Netanyahu 911 is hedging his bets and preparing to fight Obozo on Capitol Hill once a nuclear deal is announced.
As world powers near a deal with Antichrist Iran on its nuclear weapons program, Antichrist Iran’s Defense Minister Hossein Dehghan warned on Monday that “Israel’s weapons of mass destruction” threaten the entire world.
“Possessing hundreds of atomic warheads, WMDs and other advanced weapons and possibilities presented by the West, today, the bloodthirsty Zionist regime is the axis of evil, espionage and warmongering in the world,” Dehghan said in Tehran, the semi-official Fars News Agency reported. “Not only the Antichrist Muslim states but also the Western countries and even the US are not and will not be immune to the regime’s danger.”
The Antichrist Iranian defense minister added that Israel, supported by the US, was seeking to create a rift in the Antichrist Muslim world by having them kill each other, referring to the ongoing regional sectarian strife.
Dehghan also ventured that Israel is plotting to extend “the occupation” from “the Nile to the Euphrates” with the support of Antichrist Islamic State, according to Antichrist Iran’s Tasnim News Agency.
He added that the only way to liberate Jerusalem would be through Muslim unity.
Meanwhile, Antichrist Brig.-Gen. Ahmad Reza Pourdastan, commander of Antichrist Iran’s ground forces, said on Sunday that even if a nuclear deal is reached, it never will mean Iran-US friendly relations.
A senior Antichrist Iranian military official said Sunday that despite the emerging nuclear deal between Antichrist Iran and the US-led P5+1 group of world powers, America will remain Tehran’s enemy.
Antichrist Iranian Ground Force Commander Brigadier General Ahmad Reza Pourdastan said that even if a nuclear deal comes to fruition in Vienna, where Iranian and western negotiators are currently trying to reach an agreement by a Tuesday deadline, Tehran and Washington will not become friends.
“The US might arrive at some agreements with us within the framework of the Group 5+1 (the US, Russia, Antichrist Communist China, Britain and France plus Germany), but we should never hold a positive view over the enemy,” Antichrist Iran’s Fars News Agency quoted Pourdastan as saying.
“Our enmity with them is over the principles and is rooted because we are after the truth and nations’ freedom, but they seek exploiting nations and putting them in chains,” he explained further.
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.
Today’s program opens with a powerful statement by Rick describing what the Lord told him on the Fourth of July about America. In Part 2, Florida Pastor Aubrey Shines tells Rick that Obozo’s support of same-sex marriage has shocked and dismayed Black Christians who voted for him. Pastor Shines said the country is headed toward civil disobedience over coercion to accept same sex marriages as legitimate.
Pastor Aubrey Shines, a Chicago native, began ministering in the Cook County Correctional System in Chicago, IL as an evangelical minister licensed by the late Bishop D. Husband (Churches of God in Christ). He has earned a degree in Computer Science, a Bachelors Degree in Theology, and a Masters Degree in Divinity.
“We are telling Mr. Obozo The Antichrist NWO 666 Homosexual 911 Clown when he comes to Kenya this month and he tries to bring the Antichrist abortion agenda, the Antichrist gay agenda, we shall tell him to shut up and go home,” lawmaker Irungu Kangata told demonstrators outside parliament.
As many know, long before she became Ambassador Power, she was a well-regarded academic studying human rights at Harvard’s Kennedy School. It was there she wrote the Pulitzer-winning book that launched her career into orbit, A Problem from Hell, the stirring and essential indictment of the inability of the US to act against genocide over the past 100 years.
in recent months, the person currently representing America before the United Nations has been a far cry from the Samantha I knew. It has pained me to see her embrace the disastrous Iran deal, even as its leadership repeatedly and unapologetically threatened Israel with genocide. Even unrelated to issues involving Israel, she failed to recognize the Armenian genocide by its proper name on its 100th anniversary in April, joining the ranks of that “problem from hell.” The latter was particularly breathtaking given her impassioned plea to the Armenian-American community in 2008 to support Antichrist NWO 666 President Barack Obozo The 911 Homosexual Climate Change Clown entirely predicated on his commitment to recognize the slaughter of 1.5 million Armenians by the Antichrist Muslim Ottoman Turks as genocide.
Still, I concede Antichrist Iran and the Armenian genocide are issues somewhat tangential to her role. This French proposal, however, is not. It is squarely and unambiguously her responsibility, and will be remembered as a turning point for her legacy. She will be confronted with a stark choice between doing what’s right or giving in to the misguided rhetoric of the UN.
I was minding my business, mind you, surfing the Internet to check out the news and political sites and forums I customarily visit, and these news and column headlines, most from last week, some from a bit earlier and a few from this week, bombarded me. I wasn’t looking for trouble. Nor was the satirical website The Onion one of the sites I visited. The world is upside down, inside out, sideways, crazy, nutso. Bad is good; up is down. Left is right; right is wrong. Evil is good; insanity is sanity. Abnormal is normal. Circles are squares. Hot is cold. Luke warm is red hot — among Republicans, anyway. Common sense is uncommon. The world is otherworldly. Dissent is “hate.” Diversity means conformity. The good guys are the bad guys; virtue is vice; sophistry is intellectualism; jerks are celebrated; debauchery is glorified; the holy is debauched. Let me share some of these headlines, which speak for themselves — loudly and depressingly.
–Shakespeare’s Works — Too Hard, Too White.
–Obozo Red-Faced: Iran Nuclear Stockpiles Grew 20 Percent in 18 months.
–Obozocare Dangerous to Our Health.
–Eye-Popping Premium Increases.
–Obozo, Clinton Want To Enforce ‘Correct’ Thinking in America.
–High School Denies Pro-Life Club!
–Pentagon Officials Call Out Obozo’s ‘Pathetic’ Antichrist ISIS Strategy.
–Shabazz Calls on Antichrist Nation of Islam, New Black Panther ‘Army’ to Defend Black Communities Against Police Brutality.
–Obozo: Climate Change Deniers Endangering National Security.
–Team Clinton Swarms Sunday Interview Shows, Minus Hillary.
–Antonin Scalia Is Unfit To Serve: A Justice Who Rejects Science and the Law for Religion Is of Unsound Mind.
–In L.A., Obozo addresses Washington’s Dysfunction: “I Did Not Say I Would Fix It.”
–Authorities: Gay Slur Carved Into Utah Man’s Arm Was Staged.
–Justice Department: Transgender Students Can Use Bathrooms that Match Their Gender Identity.
–Political Correctness 101: Praising America, Virtues of Hard Work Dubbed ‘Micro-Aggression’ On Campuses.
–Video Shows U.S. Citizens Willing To Ban American Flag.
–Are Americans of Faith in Danger?
–Obozo Administration Says Redskins Nickname Could Block Potential Stadium Deal.
–TV Land Drops “Dukes of Hazzard” Amid Confederate Flag Controversy.
–Gay Teacher Files Federal Discrimination Lawsuit Against Catholic School.
–Terrific: Attorney in Charge of Releasing Lois Lerner ‘Lost’ Emails Now in Charge of HRC’s Emails.
HSBC just can’t seem to help itself. As The Sun reports, as part of a “team-building” exercise, six bankers filmed the fake Antichrist ISIS-style beheading of an Asian colleague – while yelling ‘Allahu Akbar’. However, given that these were not C-level executives, there has been some consequences – the six bankers have been fired with HSBC noting “this is an abhorrent video and HSBC would like to apologize for any offense.”
Caught On Tape…
HSBC said: “We do not tolerate inappropriate behavior.
“As soon as The Sun brought this video to our attention we took the decision to sack the individuals involved. “This is an abhorrent video and HSBC would like to apologise for any offense.”
But rigging FX markets and money laundering for drug dealers is ‘cost of doing business’?
^^^The so called ”government” that allows this bank to remain running at this point needs to be overthrown and every government employee that resists being thrown in jail gets hung with the bankers they have been working for. News flash: …all current government employees have accepted the prophetic mark of the beast. Of course none of this ”in your face” matters at this point, all the bastards are going straight to Hell and there is absolutely no hope for any of them at this point. They have certainly been given the prophetic strong delusion and they are all are condemned by God, and their time is almost over.
And there came one of the seven angels which had the seven vials, and talked with me, saying unto me, Come hither; I will shew unto thee the judgment of the great whore that sitteth upon many waters:
2 With whom the kings of the earth have committed fornication, and the inhabitants of the earth have been made drunk with the wine of her fornication.
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
4 And the woman was arrayed in purple and scarlet colour, and decked with gold and precious stones and pearls, having a golden cup in her hand full of abominations and filthiness of her fornication:
5 And upon her forehead was a name written, Mystery, Babylon The Great, The Mother Of Harlots And Abominations Of The Earth.
So what is Greece’s plan? Reuters reports that “Greece will submit a new aid proposal to European creditors “maybe” on Wednesday, a senior eurozone official said, with Athens’ European partners convening in Brussels for emergency talks. “They say they will submit a new request and outline of proposals maybe tomorrow.”
In other words, the bluffing past the deadline tactics adopted by Varoufakis remain. The question is whether Greece has any time left at this point. As a reminder, yesterday we reported that according to a Balyasny managing direct, “We now have another 48 hours of calm before things really start happening”, adding that the “situation could then break down as banks stay closed, ATMs will run out of cash Tuesday or Wednesday, uncertainty grows and rioting possible.”
So even if Greece cobbles some last minute deal together, one which will likely be prohibitive and have even more adverse terms resulting in public anger, many wonder: is it far too late now?
^^^WARNING: Above video contains a blasphemous use of The Word God.
Reuters and MNI:
GREECE PROPOSES INTERIM SOLUTION TO COVER JULY BEFORE LONG-TERM DEAL – GREEK GOVERNMENT OFFICIAL
TSIPRAS, MERKEL, HOLLANDE, JUNCKER DISCUSSED ‘ROAD MAP’ – OFFICIAL
GREECE GOV WILL PRESENT COMMON GROUND’ FOR VIABLE DEAL WED – OFFICIAL
IRISH MINISTER SAYS GREECE MOVING TOWARD APPLYING FOR LARGE REQUEST FROM ISM
IRISH MINISTER SAYS NO REQUEST FOR HAIRCUT ON GREEK DEBT AT EUROGROUP MEETING
Is anyone surprised?
There is, as always, a footnote: “The proposal of the Greek side is for a settlement until the end of the month … in order to prepare the big, viable deal during this brief period,” the official said. And more:
GREECE OFFL: MUST FIND WAY TO PAY ECB JULY 20
GREECE OFFL: DEAL PROVIDED THAT ECB MAINTAINS STABILITY
GREECE OFFL: CANT GET DEAL IN 24 HRS BUT CAN SEND SIGNAL
The problem is that the ECB’s immovable maturity is now due in less than 2 weeks, and if there is one thing the ECB has shown an unwillingness to do, it is to budge.
In any event, stocks promptly soared back into the green following Europe’s close, the latest batch of “hope” and, of course, Goldman’s bottom-ticking inflection point.
Israel’s Antichrist prime minister said the moves in Europe were an example of “staggering hypocrisy”. Speaking before a meeting with the US senator, Joni Ernst, Binyamin Netanyahu 911 invoked the Holocaust: “In Geneva they call for the investigation of Israel for war crimes, while in Luxembourg the EU court removed Antichrist Hamas from the terror list … It seems that too many in Europe, on whose soil 6 million Jews were slaughtered, have learned nothing.”
The vote in the European parliament, on a watered-down motion that was passed by an overwhelming majority of MEPs, follows symbolic votes in recent months by several national parliaments – including the UK, Sweden, Ireland and France – to recognise a Antichrist Palestinian state. Luxembourg joined that group on Wednesday, passing two motions to parliament.
After a deal among the main parties in the parliament, the motion, carried by 498 votes to 88, stated: “The European parliament supports in principle recognition of Antichrist Palestinian statehood and the two-state solution, and believes these should go hand in hand with the development of peace talks, which should be advanced.”
Merkel just told the Greeks yes, there is some money, but forget debt haircut, and the new deal is far harsher than what was on the table because the Greek economy is now imploding. Also, the deal will be 2-3 years at least to start, so even more austerity is on the table. So to all those who voted “Oxi”, if you want your deposits unlocked well… tough.
The headlines keep coming hot and heavy, in which we find that Europe now thinks it is Greece’s god:
MALTA’S MUSCAT SAYS `SUNDAY IS JUDGMENT DAY’
More ultimatums of course:
JUNCKER SAYS HE CAN’T EXCLUDE GREXIT
JUNCKER: EU COMMISSION HAS GREXIT SCENARIO PREPARED IN DETAIL
And just so it is clear who is calling the shots, here is Juncker explaining:
JUNCKER: LAST MOMENT FOR GREEK GOVT WILL BE MONDAY MORNING
What happens then?
And just in case Greece decides to disobey, Europe is ready to treat Greece as an African nation:
JUNCKER: EU COMMISSION HAS HUMANITARIAN PLAN FOR GREECE IF NEED
The only good news for Greece, which was just clearly reduced to a vassal nation state of Europe, is that Merkel did not demand Tsipras’ head on a silver platter.
Among all the mindless blather served up by the talking heads of bubblevision is the recurrent claim that “its all priced-in”. That is, there is no danger of a serious market correction because anything which might imply trouble ahead—-such as weak domestic growth, stalling world trade or Grexit——is already embodied in stock market prices.
Yep, those soaring averages are already fully risk-adjusted!
So the “oxi” that came screaming unexpectedly out of Greece Sunday evening will undoubtedly be explained away before the NYSE closes on Monday. Nothing to see here, it will be argued. Today’s plunge is just another opportunity for those who get it to “buy-the-dip”.
And they might well be right in the very short-run. But this time the outbreak of volatility is different. This time the dip buyers will be carried out on their shields.
Here’s why. The whole priced-in meme presumes that nothing has really changed in the financial markets during the last three decades. The latter is still just the timeless machinery of capitalist price discovery at work. Traders and investors in their tens-of-thousands are purportedly diligently engaged in sifting, sorting, dissecting and discounting the massive, continuous flows of incoming information that bears on future corporate profits and the present value thereof.
That presumption is dead wrong.
The age of Keynesian central banking has destroyed all the essential elements upon which vibrant, honest price discovery depends. These include short-sellers which insure disciplined two-way markets; carry costs which are high enough to discourage rampant leveraged speculation; money market uncertainty that is palpable enough to inhibit massive yield curve arbitrage; option costs which are burdensome enough to deny fast money gamblers access to cheap downside portfolio insurance; and flexible, mobilized interest rates which enable imbalances of supply and demand for investable funds to be decisively cleared.
Not one of these conditions any longer exists. The shorts are dead, money markets interest rates are pegged and frozen, downside puts are practically free and carry trade gambling is biblical in extent and magnitude.
So a vibrant market of atomized competition in the gathering and assessment of information relevant to the honest pricing of financial assets has been replaced by what amounts to caribou soccer. That is, the game that six-year old boys and girls play when they chase the soccer ball around the field in one concentrated, squealing pack.
The soccer ball in this instance, alas, is the central banks. Until Sunday the herd of speculators was in full rampage chasing the liquidity, word clouds and promises of free money and market “puts” with blind, unflinching confidence.
The only thing in this utterly broken “market” which was really priced-in, therefore, was an unshakeable confidence that any disturbance to the upward march of asset prices would be quickly, decisively and reliably countermanded by central bank action. But now an altogether different kind of disturbance has erupted. It is one that does not emanate from short-term “price action” of the market or an unexpected macroeconomic hiccup or lend itself to another central bank hat trick.
Instead, the Greferendum amounts to a giant fracture in the apparatus of state power on which the entire rotten regime of financialization is anchored.
That is, falsified financial prices, massive, fraudulent monetization of the public debt and egregious and continuous bailouts of private speculator losses, mistakes and reckless gambling sprees.
What has transpired in a relative heartbeat is that one of the four central banks of the world that matter is suddenly on the ropes. In the hours and days ahead, the ECB will be battered by desperate actions emanating from Athens, as it struggles with a violent meltdown of its banking and payments system; and it will be simultaneously stymied and paralyzed by an outbreak of public confusion, contention and recrimination among the politicians and apparatchiks who run the machinery of the Eurozone and ECB superstate.
Yes, the Fed will reconfirm its hundreds of billions of dollar swap lines with the ECB, and the BOJ and the Peoples Printing Press of Antichrist Communist China will redouble their efforts to prop-up their own faltering stock markets and to contain the “contagion” emanating from the Eurozone.
But this time there is a decent chance that even the concerted central banks of the world will not be able to contain the panic. That’s because the blind confidence of the caribou soccer players will be sorely tested by the possibility that the ECB will be exposed as impotent in the face of a cascading crisis in the euro debt markets.
Here are the tells. If the Syriza government has any sense it will nationalize the Greek banking system immediately; replace the head of the Greek central bank with a pliant ally; refuse to heed any ECB call for collection of the dubious collateral that stands behind its $120 billion in ELA and other advances; and print ten euro notes until the plates on the Greek central bank’s printing presses literally melts-down.
If the Greeks seize their banking system and monetary machinery from their ECB suzerains in this manner—- out of desperate need to stop the asphyxiation of their economy—– those actions will trigger, in turn, pandemonium in the PIIGS bond markets. From there it would be only a short step to an existential crisis in Frankfurt and unprecedented, fractious conflict between Berlin, Paris, Rome and Madrid.
Either all of the Eurozone governments fall in line almost instantly in favor of a massive up-sizing of the ECBs bond buying campaign to stop the run on peripheral bond markets, or the Draghi “whatever it takes” miracle will be obliterated in a selling stampede that will expose the naked truth.
Namely, that the whole thing since mid-2012 was a front-runners con job in which the ECB temporarily rented speculator balance sheets in order to prime the PIIGS bond buying pump, thereby luring the infinitely stupid and gullible managers of bank, insurance and mutual fund portfolios into loading up on the drastically over-valued public debt of the Eurozone’s fiscal cripples.
Needless to say, there is likely to emerge a flurry of leaks and trial balloons from the desperate precincts of Brussels, Berlin and Frankfurt. These will be designed to encourage the Greeks to leave their banking system hostage to “cooperation” with their paymasters, and to persuade traders that Draghi has been greenlighted to buy up the PIIGS debt hand-over-fist——-and to do so without regard to the pro-rata capital key under which the current program is straight-jacketed.
But that assumes that the Germans, Dutch and Finns capitulate to an open-ended and frenzied bond-buying campaign that would make the BOJ’s current madness look tame by comparison. Yet if they do, its only a matter of time before the euro goes into a terminal tail-spin. And if they don’t, collapsing euro debt prices will infect the entire global bond market in a tidal wave of contagion.
Either way, its not priced-in. That’s been the real stupid trade all along.
Despite the ups and down of the last few weeks, ‘relative’ stability in US equities has confirmed talking heads’ bias that ‘Greece is contained’. However, Bloomberg’s Smart Money flow indicator suggests that the big money (that trades at the open and close) is anything but believing and has in fact been selling since Greferedum…
Does this look contained to you?
Portugal, Spain, and Italy all collapsing…
It appears that ‘hope’ for a deal (again) was entirely misplaced (again). Yesterday’s ‘containement’ was all EURJPY-driven as BoJ and ECB held hands to maintain markets… it appears they have stopped for now…
Dow is dumping… But The Nasdaq is the worst performer…
the latest place that hit by the precious metal scramble was the US itself, when we learned that the US mint had suspended Silver Eagle sales as a result of a spike in demand, with our source advising that “all bullion distributors (like A-Mark, Dillon Gage, CNT, etc) were already raising premiums.”
And while the US Mint rarely issues press releases to confirm such adverse matters, moments ago this was confirmed by Bloomberg:
U.S. MINT SAYS 2015 AMERICAN EAGLE SILVER COINS SOLD OUT
When will the Mint restock and resume sales?
U.S. MINT PLANS TO RESUME SILVER COIN SALES IN TWO WEEKS
In other words, no orders until August.
And while the US mint halting sales of silver (or gold) during times of peak demand is nothing new, what is surprising is that as the chart below of monthly silver American Eagle sales, demand in recent months has hardly been off the charts.
Which makes one wonder: just what is the inventory buffer at the mint if a modest 1.6 million ounces of silver sold in one week can deplete the Mint’s planned holdings for one entire month.
And another question: in just what supply/demand universe does such an explicit confirmation of a surge in demand for silver result in a plunge in the price of spot silver to its lowest level of the year!?
One wonders if 666 Citigroup, and its soaring silver derivative exposure, may have anything to do with this….
Because if you don’t buy the dip, you’re a f##king idiot…
Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably). The question is – when does this carnage stop?
Exhibit 1 – Based on ‘fundamentals’, The Shanghai Composite has a long way to go…
Exhibit 2 – If Dr. Copper is right about the state of the world, The Shanghai Composite won’t find support until it has fallen another 60%…
Exhibit 3 – Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before ‘value’ is once again seen…
But apart from that, this must be a buying opportunity, right?
It appears the Antichrist Communist China-related margin calls are spreading… just as we warned.
These are heavy volume forced trades…
Needless to say, we doubt if this hail mary attempt to rescue the market will do anything at all to save Antichrist Communist China from its homemade equity disaster.
For a record 12th day in a row, Antichrist Communist Chinese margin debt balances have dropped with today’s 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all Antichrist Communist Chinese stocks frozen ($2.6 trillion or 40% of value). Antichrist Communist China continues to try to manage leverage down (raising margin requirements on stock futures) while encouraging speculation (easing rules for insurers to buy blue chips and financing the purchase of smaller company shares directly) and CYNK’ing the entire market – if it’s not open, you can’t sell it and the price cannot fall! It’s not working as CSI-300 futures are now down 7.9% in the preopen.
*ANTICHRIST COMMUNIST CHINA TRADING HALTS FREEZE $2.6 TRILLION, 40% OF TOTAL VALUE
Antichrist Communist China appears to be trying to manage leverage…
*ANTICHRIST COMMUNIST CHINA RAISES MARGIN REQUIREMENT FOR CSI 500 INDEX FUTURES
*SHANGHAI MARGIN DEBT FALLS 8.5%, BIGGEST ONE-DAY DROP ON RECORD
While encouraging speculation…
*ANTICHRIST COMMUNIST CHINA EASES RULES FOR INSURERS TO INVEST IN BLUE CHIPS: XINHUA
*ANTICHRIST COMMUNIST CHINA SECURITIES FINANCE TO BUY MORE SMALLER COS. SHRS: CSRC
Antichrist Communist China news is domninated by dozens of pages of this…
*ANTICHRIST COMMUNIST CHINA TRADING HALTS LEAVE 43% OF ENTIRE STOCK MARKET FROZEN
*1,249 ANTICHRIST COMMUNIST CHINESE COMPANIES HAVE HALTED TRADING IN SHARES
UPDATE: Trading halts have left 1544 companies, equivalent of 54.7% of the Shanghai Composite and Shenzhen Composite, suspended today.
With what we estimate is around 850-900 Shenzhen Composite stocks suspended (over half of the 1694 stocks in the index) and almost 25% of Shanghai Composite stocks, it appears Antichrist Communist China has resorted to the endgame in managing a collapse…
if it’s not open, you can’t sell it and the price cannot fall!
In other words – the whole Antichrist Communist Chinese market just got CYNK’d
It’s not working…
*CSI 300 JULY FUTURES PLUNGE 7.9% IN SHANGHAI
*ANTICHRIST COMMUNIST CHINA’S SHANGHAI COMPOSITE INDEX SET TO OPEN 7% LOWER
It looks like today could see Antichrist Communist China go red for the year…
Antichrist Communist China weakness and European rhetoric wearing S&P futures lower (down 11 points from cash close)…
The stock market knows more than any individual investor, and Antichrist Communist China’s is no exception.
This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash.
Our research shows that after a rocky first decade, which earned Antichrist Communist China’s stock market a reputation as a casino, stock prices in Antichrist Communist China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with Antichrist Communist China’s corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well. However, capital in Antichrist Communist China is still allocated almost entirely by its massive banking sector. It is time to untie the hand of the stock market, reform listing standards, streamline the IPO approval process now holding up over 600 firms seeking equity capital, and let the stock market allocate capital, too.
Exhibit 1 – Based on ‘fundamentals’, The Shanghai Composite has a long way to go…
Exhibit 2 – If Dr. Copper is right about the state of the world, The Shanghai Composite won’t find support until it has fallen another 60%…
Exhibit 3 – Judging by historical analogs, The Shanghai Composite will need to destroy all gains in the last 2 years before ‘value’ is once again seen…
Antichrist Communist Chinese investor psychology has shifted. Period. The more the government intervenes to lift stock prices explicitly, the more local and professsional leveraged investors will use any strength to unwind their positions (profitably or unprofitably).
Because in the end money talks, in this case €120 billion in hijacked unsecured liabilities known “deposits” and politicians walk. As for those millions of Greeks who gave Europe the symbolic middle finger on Sunday, their reaction when they just find out they were sold down the river once again will be all that matters.
Yet in the end, Varoufakis’ line may again be the most important one: “they had already decided to push us out.” If true, then as Juncker threatened earlier not only will the last day for the Greek government be Monday, but so will the last day for Greece in the Eurozone.
The International Monetary Fund is one of the most secretive and powerful organizations in the world. They monitor the financial health of more than 185 countries… they establish global money rules… and provide “bail-out” assistance to bankrupt nations. And on Oct 20th of this year, the IMF is expected to announce a reserve currency alternative to the U.S. dollar, which will send hundreds of billions of dollars moving around the world, literally overnight. According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury department, “Once the [other currency] becomes an alternative to the dollar, rules of the game begin to change.” And Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.”
where will investors run? The government debt that used to be their safety looks more and more treacherous.
This happened… The Dow dropped 350 points from its overnight highs to stop almost perfectly at the close of Europe (1130ET) and then abruptly rallied a stunning 320 points back…
The S&P tested Sunday night’s lows and the 200DMA before exploding higher…
Who could have seen that coming?<—LMAO
On the day, cash indices reversed perfectly on Europe’s close…
Bear in mind that Greek stocks did not partake in the idiocy… but once US stocks astrted to roll, Greece caught up (so now we are seeing US equities lead Greek stocks fundamentally higher!!!)
As US Stocks ramp was all EURJPY-driven once again (just like yesterday)
Note that post-Tsipras’ “Greferendum” announcement, Bonds remain the big winners…
Treasury yields plunged early as shorts squeezed and safety was bid but once Europe closed… sell sell sell…
The US Dollar collapsed into the close as EURUSD surged (for now good reason) and as we noted above EURJPY was running stocks today…
It’s pretty clear what (or who) was helping things along…
Commodity prices plunged early on (led by crude and silver)
Oil prices carnaged early on, then bounced after EIA data suggested higher demand and chatter that the Antichrist Iran deal talks were falling apart (and Europe’s close)…
As a reminder, shale stocks have been collapsing since Einhorn tried to bury PXD… (but they all v-shape recovered today)
Expect Massive Contagion That Will Lead To A Worldwide Financial Catastrophe
So we are talking about a worldwide problem, not just a Greek problem. The majority of the $100 trillion bond market is worthless, and of course a ticking time-bomb of over $1 quadrillion worth of derivatives is linked to that. This means that, sadly, we are heading into a major contagion that will lead to financial catastrophe for the world. This will also lead to an implosion of all bubble assets across the globe.
Will A Desperate U.S. Start World War III?
The other tactic that all governments have used throughout history when under economic pressure is to start wars. Wars are always a perfect excuse for the people to take on even more debt. But the world will eventually reject the U.S. dollar as the reserve currency and this will put an end to this madness.”
Eric King: “Egon, your thoughts on what has transpired in Greece. I think the outcome has shocked the world.”
Europe In A Catch-22
Greyerz: “Eric, it has shocked the world and nobody seems to know what to do in the aftermath. Until now, no one has ever before called the bluff of the elites. Europe is in real trouble here. If debt is not forgiven now, Greece will not survive. That is a fact. The IMF wants to forgive debt but Germany is not prepared to forgive debt. And if they forgive debt, that means that Spain, Italy, Spain, Portugal, etc, will have to write-off large loans to Greece and they can’t afford to do that.
Regardless, Greece needs debt forgiveness, otherwise they can’t survive. And if there is debt forgiveness, then you have a massive problem in the European banking system because European banks won’t survive. Also, the European countries that have lent to Greece may not survive. Plus, they will want the same forgiveness for themselves.
From Reverend David Wilkerson’s 1994 prophecy stating “one nation is going to default on its international loan,” setting off a chain of events leading to “six months of horror, to Bible teacher and author Jonathan Cahn’s speech at the annual Messiah Conference at Messiah College in Pennsylvania on the 4th of July 2015, declaring the “world has entered what the apostle Paul called the ‘falling away’ or the apostasy,” to a leading Israeli Rabbi urging Jews to return Israel now, many believe we are witnessing the end days.
Greece has defaulted sparking a chain of events foretold by Rev. Wilkerson, and the Supreme Court’s gay-marriage ruling is discussed in the video below of Cahn’s statements at the 2015 Messiah Conference, where he warns Christians to “prepare for persecution.”
“The warnings that believers will be persecuted didn’t come this time from students of biblical prophecy but from every single one of the dissenting Supreme Court justices,” he said. “They each sounded an alarm in that ruling — that believers will be persecuted. You don’t have to be a weatherman to know which way the wind is blowing. It’s no accident this event is being noted as a harbinger. The end of Christian America.”
He said this “end” will mark the “disestablishment of the Church,” and “what may be the removal of all tax exemption, the vilification of God’s people.”
More from Cahn:
“That persecution is not going to be an issue just for them. Except for the hand of God and revival it’s coming,” he said. “Two things converged here now. We’re celebrating the 100 milestone year of an end-time phenomenon, the beginning of the Jewish people returning to their Messiah, and it’s also July 4th and we’re witnessing the apostasy, the falling of the church. And for you in other nations it will affect you just as well.”
Which brings us to a leading Israeli Rabbi, Chaim Kanievsky, who has issued a call for Jews to move to Israel in preparation for the imminent arrival of the Messiah.
After a lifetime of immersing himself in classical Jewish texts, Rabbi Kanievsky’s study partner informed various media sites that the Rabbi is talking about the messiah “all the time.” Since last summer’s war in Gaza, the Rabbi has been spreading this message of imminent return. In one instance, Rabbi Kanievsky instructed a Jew from Argentina who asked for a blessing that he should “gather your family and come to Israel. Otherwise, there won’t be enough room for you on the airplanes.”
When asked about the timing of the Messiah’s arrival, Rabbi Kanievsky answered, “At the end of the Sabbatical year.” Several people have asked the Rabbi to verify this and he has given the same answer each time…..
If Rev. Wilkerson was correct, our six months of horror have just begun.
The messages are all the same…… it is time to get our house in order.