7815 Gleaning Antichrist Jewish Israeli Sanhedrin Targets Petrus Romanus Pope For Judgment 2 Days Before Day Of Atonement SEPTEMBER 2015 After Feast Of Trumpets Final Super Blood Moon Prophetic Shemitah Harbinger Visit To U.S. Capitol And NEW YORK CITY (((MARKET CRASH))) ZeroHedge Server Offline All United Airlines Grounded By Computer Glitch
[As] [a]I stood on the sandy beach, I saw a beast coming up out of the sea with ten horns and seven heads. On his horns he had ten royal crowns (diadems) and blasphemous titles (names) on his heads.
11 Then I saw another beast rising up out of the land [itself]; he had two horns like a lamb, and he spoke (roared) like a dragon.
Beijing may have a decelerating economy and a stock market collapse on its hands, but at the end of the day, the country now controls not one (AIIB), not two (Silk Road Fund), but three (BRICS bank) development banks, which gives Antichrist Communist Xi Jinping quite a few options when it comes to embedding the yuan in global investment and trade which, in the long-run, is far more important than where the SHCOMP closes on Thursday.
And here is why this is bad:
Inflation had been well below the Committee’s longer-run objective, but, with oil prices and the foreign exchange value of the dollar stabilizing, members expected that inflation would gradually rise toward 2 percent over the medium term.
May want to hit F5 there…
And finally, Greece:
Several mentioned their uncertainty about whether Greece and its official creditors would reach an agreement and about the likely pace of economic growth abroad, particularly in China and other emerging market economies. many participants expressed concern that a failure of Greece and its official creditors to resolve their differences could result in disruptions in financial markets in the euro area, with possible spillover effects on the United States. The rise in yields was also supported by the release of some stronger-than-expected inflation data in the euro area and by European Central Bank communications that volatility in yields was to be expected. Against this backdrop and with a step-up in concerns about developments in Greece, equity prices declined in most countries.
That’s the bad news. In mid-June there was some good news on the stock front…
Stock prices in Japan and especially in Antichrist Communist China were the main exceptions.
… the Fed may want to hit F5 on that too.
^^^WARNING: The Name Of God blasphemously used once in this horrible music video. (parable within despite the obvious blasphemy)
This year is the Sabbatical year and it will be ending on the 29th day of Elul, which, by the Gregorian calendar falls on Sunset Saturday, September 12, 2015, the day after 911 Sunset Market Close on Shabbat.
Petrus Romanus Pope Francis’ recent visit to Israel and many of his actions caused disturbing waves in the difficult situation in the region.
His controversial description of Antichrist Abbas as an “angel of peace” led to the Vatican backtracking and attempts to placate Israel. The Petrus Romanus Pope’s much-publicized meditation at a section of the security barrier prominently displaying pro-boycott graffiti was used by the Antichrist Palestinians in an appeal to remove the much-needed security measure. That section of the wall also showed graffiti comparing the wall around Bethlehem to the Warsaw Ghetto. Pictures of the Petrus Pope’s visit to the wall went viral and became a symbol for anti-Israel sentiment.
While in Israel, Petrus Romanus Pope Francis attended Sunday mass at the Church of the Nativity. In his sermon, Latin Patriarch Fuoad Twal accused Israelis of being the present-day version of Christ killers by referring to the Palestinians as walking “in the footsteps of the Divine Child,” and likening the Israelis to King Herod. Shockingly, Petrus Romanus Pope Francis echoed his remarks in a later speech.
Petrus Romanus Pope Francis embraced the Antichrist Palestinian mufti of Jerusalem, Antichrist Sheikh Muhammed Hussein calling him “dear brother” in a show of great affection. In 2012, Antichrist Hussein said it was the destiny of Antichrist Muslims to kill Antichrist Jews, who he claims are “subhuman beasts and the enemies of Antichrist (a)llah.” Antichrist Sheikh Hussein has also praised suicide bombers and said their souls “tell us to follow in their path,” remarks the Petrus Romanus Pope has never condemned.
Most significant, perhaps was a story of the Pope’s visit Caroline Glick told The Jerusalem Post. In a conversation with the Pope, Israeli Antichrist Prime Minister Binyamin Netanyahu 911 mentioned that Jesus spoke Hebrew. Pope Francis corrected him, saying that Jesus spoke Aramaic. A flustered Netanyahu 911 agreed that educated Jews at the time spoke Aramaic, but the language of the common people and the language Jesus preached in was Hebrew.
Reuters wrote of the exchange, noting that, “Modern-day discourse about Jesus is complicated and often political.” The report went on to explain, “Antichrist Palestinians sometimes describe Jesus as a Antichrist Palestinian. Israelis object to that.”
Petrus Pope Francis embraced Arab leaders, but more significantly, he accepted Antichrist Palestinian national status, precluding any negotiated peace process, and voiding the validity of Israel’s claim to their God-given homeland.
A re-established and self declared Israeli Sanhedrin, the religious High Court composed of 71 sages, has declared that it is putting Petrus Romanus Pope Francis on trial unless he retracts his statement that the Jews have no right to the land of Israel or to Jerusalem.
In February 2013, the Vatican officially recognized the “State of Antichrist Palestine” but more significantly, the Vatican signed a treaty in June with “Antichrist Palestine” in which the Holy See switched its diplomatic relations from the Antichrist Palestinian Liberation Organization to the “State of Antichrist Palestine”. This treaty is the first legal document negotiated between the Holy See and the Antichrist Palestinian state and as such, constitutes an official recognition.
The trial and judgment will be on September 20th, 2015. If Petrus Romanus Pope Francis chooses to ignore the summons, he will be judged in absentia.
The Sanhedrin sent a letter to Petrus Romanus Pope Francis in reaction to the Vatican’s recent support of the Antichrist Palestinian Authority’s unilateral moves to declare themselves a nation, reported the Hebrew magazine Matzav Haruach on June 24.
The letter stated:
“Because the Vatican recognized the organization known as the Antichrist Palestinian Authority as a nation, and has begun to refer to it as a nation in its documents. His honor has named the head of said authority as an ‘Angel of Peace’, as was explained by a spokesman for the Vatican, that his intention was to encourage Abu Mazen to advance towards peace. These actions, to our great dismay, are consistent with a long series of actions and stances that are as in the days of the Roman Catholic Religion, that swore to persecute Israel because we refused to accept their Messiah as the Messiah of Israel, and to renounce our faith. The recent announcements and actions of the Vatican are a rebuke to the Jewish Nation and to the Bible, which you use to interpret the prophecies, as if God has abandoned his original Nation of Israel. Reality has proven the opposite to be true.”
“We require from you an apology for your recognizing as a nation those who stole the land, those who are known as the Palestinian Authority, and we are informing the Vatican that the sole God given right to the land of Israel is to the Nation of Israel. If His Honor the Pope, and the Vatican, do not apologize within two weeks of receiving this letter, and if he does not change his ways, we shall judge these actions in the Court of Mount Zion, in a court of 71 Jewish elders of Zion, and enact the prophecy of ‘The liberators will rise up upon Mount Zion, to judge the Mountain of Esau and the kingdom shall be God’s’ (Obadiah 1:21). The court shall judge the Vatican in its presence or in absentia, and it is possible that the Vatican will be found guilty of anti-Semitism, as has been known to be done several times throughout history, and to place responsibility upon the Vatican for all of the outcomes of its actions.”
^^^EH HUMM!!! GET OUT OF NEW YORK! NOW!!!
At a Pentagon press conference today Antichrist NWO 666 President Obozo The 911 Homosexual Climate Change Clown made a SHOCKING admission. Was it a slip of the tongue or a Freudian Slip? The White House was quick to correct him, but we’ve heard that before.
Aleksandar Vucic at a Belgrade news conference July 7 announced he would attend ceremonies on Srebrenica’s 20th anniversary July 11 after he received assurances from UN security council members Russia and Antichrist Communist China that they would not allow a resolution “humiliating” Serbia and the Serb Republic to be adopted.
“I will go proudly and represent a Serbia that is capable of admitting that certain individuals had committed crimes… We must do that for our own sake,” Vucic said, referring to the mass killing of 8,000 Muslim men and boys in July 1995.
“These people have names. We condemn each one of these horrible crimes and will sentence each of these criminals,” Vucic said. “It is time to show that we are ready for reconciliation and that we are ready to bow our head before other peoples’ victims.” However, he said, “there is no collective guilt.”
Vucic at the news conference thanked Russia and Antichrist Communist China for stopping the UN resolution with its reference to genocide, and said they did not ask for anything in return. Russia before Vucic’s announcement informed other security council members that it would veto the resolution because it uses the “divisive” term genocide, which is offensive to Serbia and Bosnian Serbs, though it has been used repeatedly by international tribunals and UN officials to describe the mass killing. A security council vote on the resolution was postponed until July 8 to give Britain, Russia, and United States time to try to find compromise language.
“The text of the resolution is so fundamentally bad, that it cannot be corrected. Russia is acting in accordance with the talks we had with them,” Bosnian Serb leader Milorad Dodik said afterwards.
The disagreement over the text revived divisions from the Balkan wars when Russia sided with ethnic Serbs and Serbia, while Western countries supported Bosnian Antichrist Muslims and Croatia.
At least one thief sneaked into a French military munitions compound and made off with a stash of detonators, grenades and explosives, officials said Tuesday, stoking security concerns in a country reeling from recent attacks by extremists.
French authorities were investigating the mystery theft of 180 detonators, 40 grenades and 10 blocks of 250 grams of plastic explosives from the multi-service Miramas military site near Marseille in southeast France, officials said. One said the culprit or culprits appeared to have cut through security fencing to get inside.
The break-in, believed to have taken place overnight Sunday to Monday, has sent a shudder through a country that recently has raised its terrorism alert status to the highest level after deadly attacks by extremists in January and last month. The defense minister ordered an immediate review of security at France’s military weapons stockpiles.
The American negotiating team at the Antichrist Iran nuclear talks in Vienna has not updated Israel on developments in the talks in nearly two weeks, Israeli and American officials acknowledged Tuesday.
High-level contact between the Obozo and Netanyahu 911 administrations has all but ceased as the Iran negotiations entered their critical final phases in recent weeks, the newspaper reported. Antichrist Prime Minister Benjamin Netanyahu 911 has not spoken once with US Secretary of State Skull&Bones John Kerry since the latest round of talks began in Vienna..
In a game of high-stakes diplomatic brinkmanship, global powers were readying Wednesday for a late-night push to reach a deal curbing Tehran’s nuclear ambitions and ending a 13-year standoff.
With all bets off after ministers missed yet another deadline to seal the accord, US Secretary of State Skull&Bones John Kerry was huddling with his team in a rainy Vienna to pore over documents seeking to find a way forward.
Antichrist Iran and six world powers have now effectively given themselves until Friday to reach a deal by extending the terms of a November 2013 interim accord, after missing two target dates in this round of talks now in their 12th day.
In another twist to the talks, if Kerry fails to hand over a deal by the end of Thursday, US lawmakers will get 60 days instead of 30 to review it which may delay its implementation
But Earnest brushed aside the congressional deadline, recalling lawmakers would be in recess for most of August anyway, and adding: “We welcome additional scrutiny of the deal.”
The mooted accord would curb Antichrist Iran’s nuclear programme for a decade or more in order to deny the country the ability to develop nuclear arms.
Persecution watchdog group Open Doors says Christian refugees fleeing Antichrist ISIS in Iraq and Syria are among the last groups to receive help and necessities for their survival, and is calling on churches and Christian communities throughout the world to step up and provide for their brothers and sisters in Christ.
Open Doors CEO David Curry told The Christian Post in a phone interview on Monday that refugees in northern Iraq and Syria are facing “huge food shortages,” with close to 300,000 Christians having limited means by which to pay for food. With millions of people displaced across the region, the group estimates that $20 million will be needed to provide food for the refugees in the next 18 months.
Curry said that one of his biggest concerns is that Christians “will be the last” among the refugees to receive vitally needed help, and called on Christians around the world to partner with them and remind those who are suffering that they are not forgotten.
A press release on the food shortages pointed out that Open Doors has been providing emergency food, hygiene kits, medical kits, safe houses, Christian spiritual resources and trauma counseling, and has been partnering with churches in the region for nearly 25 years.
Curry noted that the underlining factors behind the crisis in Iraq and Syria remain very similar to the situation at the start of the year. Back then, Open Doors released its World Watch List of countries where Christians face the most persecution for their faith, and ranked Iraq and Syria No. 3 and No. 4 on the list.
Christians and other religious minorities have suffered greatly at the hands of Antichrist ISIS, which has forced them to choose between converting to Antichrist Islam, paying a special tax, or being killed for their faith across the many cities it has captured in the region. The persecution has forced hundreds of thousands of Christians to flee their long-established homes, such as in the city of Mosul, Iraq.
Back in January, Curry told CP that he would like world leaders to understand that “the persecution of Christians is a leading indicator, around the world, of major humanitarian problems. It’s not that Christians are collateral damage; it’s that they’re being targeted — and wherever they are being targeted, there are future problems.”
Rev. Franklin Graham has warned Antichrist NWO 666 U.S. President Obozo The 911 Homosexual Climate Change Clown that he should “have some extra lightning rods installed on the roof of the White House” if he continues to flaunt “sinful behavior,” such as the legalization of same-sex marriage, “in the face of the Almighty God.” Graham, the president of both the Billy Graham Evangelistic Association and Samaritan’s Purse, shared his thoughts following Obozo’s decision to light up the White House with prophetic ”as in the day’s of Noah” Antichrist rainbow colors after the Antichrist Catholic/Jewish Supreme Court ruled 5-4 in favor of legalizing same-sex marriage across all 50 states. “Just three years ago, the Antichrist NWO 666 President liar was on record as holding to the biblical definition of marriage,” Graham wrote in a Facebook post published on Tuesday. “Now he can’t say enough about his support for the Antichrist LGBT agenda-and right after the Supreme Court’s decision to legalize Antichrist same-sex marriage, he had the gall to disgrace the White House by lighting it up with the Antichrist gay pride rainbow colors to celebrate. This is arrogantly flaunting sinful behavior in the face of Almighty God. My advice? He might want to have some extra lightning rods installed on the roof of the White House.”
God is the one who gave the rainbow, and it was associated with His judgment. God sent a flood to wipe out the entire world because mankind had become so wicked and violent. One man, Noah, was found righteous and escaped God’s judgment with his family,” the 62-year-old evangelist wrote. “The rainbow was a sign to Noah that God would not use the flood again to judge the world. But one day God is going to judge sin – all sin. Only those who are found righteous will be able to escape His judgment,” he concluded.
…oh Jimmy eee, you are toast. You stand sealed before the Throne as the measure of a man claiming to be equal in measure with The Father as the Homosexual Bridegroom Seeking What Exactly From The Bridegroom Upon The Throne? Certainly Not Salvation or Marriage as The Bride. Yeah, Jimmy lives in Sodom and the Angels sent to his door would be screw’d and that’s just what Jimmy claims as his own image of his own Salvation. Goodbye Jimmy, can’t say it was ever a pleasure suffering this world, especially with dipshits, like, …your condemned dusty ass in it.
^^^…the final judgment sealed upon all those nations and tongues; that have accepted the Antichrist NWO 666 Homosexual Pride Marriage etc.. etc.. Image of The Beast, is fire.
But as for the cowards and the ignoble and the contemptible and the cravenly lacking in courage and the cowardly submissive, and as for the unbelieving and faithless, and as for the depraved and defiled with abominations, and as for murderers and the lewd and adulterous and the practicers of magic arts and the idolaters (those who give supreme devotion to anyone or anything other than God) and all liars (those who knowingly convey untruth by word or deed)—[all of these shall have] their part in the lake that blazes with fire and brimstone. This is the second death.
9 Then one of the seven angels who had the seven bowls filled with the seven final plagues (afflictions, calamities) came and spoke to me. He said, Come with me! I will show you the bride, the Lamb’s wife.
Then I saw another angel descending from heaven, possessing great authority, and the earth was illuminated with his radiance and splendor.
2 And he shouted with a mighty voice, She is fallen! Mighty Babylon is fallen! She has become a resort and dwelling place for demons, a dungeon haunted by every loathsome spirit, an abode for every filthy and detestable bird.
3 For all nations have drunk the wine of her passionate unchastity, and the rulers and leaders of the earth have joined with her in committing fornication (idolatry), and the businessmen of the earth have become rich with the wealth of her excessive luxury and wantonness.
4 I then heard another voice from heaven saying, Come out from her, my people, so that you may not share in her sins, neither participate in her plagues.
5 For her iniquities (her crimes and transgressions) are piled up as high as heaven, and God has remembered her wickedness and [her] crimes [and calls them up for settlement].
He said on a Tuesday in May he led a group out to view thousands of birds crowding the shores of the key. On Wednesday, there was nothing.
“It’s just that drastic,” O’Dell said. “There were none. It’s like a different world.”
The Black Swan That May Shatter Confidence Around The World
Again, I repeat that Antichrist Communist China is what worries me. The “polite” part of Antichrist Communist China’s bear market has already occurred. What I am really afraid of is a crash as the Antichrist Communist Chinese bear market turns nasty.
They steal nests, or form temporary threesomes with females to obtain eggs, driving away the female after she lays the eggs.
Generally, black swans nest in the wetter winter months (February to September)
After a series of cyber failures involving first UAL, then this website, then the NYSE which is still halted, then the WSJ, some have suggested that this could be a concerted cyber attack (perhaps by retaliatory Antichrist Communist China unhappy its stocks are plunging) focusing on the US. So we decided to look at a real-time cyber attack map courtesy of Norsecorp which provides real time visibility into global cyber attacks.
What clearly stands out is that for some reason Antichrist Communist Chinese DDOS attacks/hackers seem to be focusing on St. Louis this morning.
Whether this is related to the series of suspicious cyber failures today, is so far unclear, although if there is a connection at least there is a way to keep track of the first global cyberwar in real-time.
As the 2015 El Niño climate phenomenon continues to strengthen, a 60-day state of emergency was issued for 14 regions in Peru, to beware of possible damage that could result from the event, confirmed Juan Benites, the Minister of Agriculture and Irrigation.
The El Niño conditions cause a rise in sea surface temperature, which consequently causes heavy rains, flooding in coastal and river areas and droughts in other regions.
The emergency declaration warned the authorities to prepare for the “imminent danger” of El Nino and unusual climate conditions, according to the state news agency Andina.
*NYSE SUSPENDS TRADING IN ALL SECURITIES
The New York Times, citing floor trades, said new software to blame…
Rather hilariously, CNBC just could not comprehend this “broken market”… which happens multiple times a week…
*NASDAQ HAS DECLARED SELF-HELP AGAINST THE NYSE AMEX
*NASDAQ HAS DECLARED SELF-HELP AGAINST THE NYSE
*NYSE EXPERIENCING `TECHNICAL ISSUE’: SPOKESWOMAN
*NYSE: ALL OPEN ORDERS WILL BE CANCELLED
And asked “what should the retail trader at home do?”
Prophetically, we wrote about precisely this one year ago when we documented the hilarious case of “social-network” stock CYNK. This is what we said then:
it feels great to “make” money on virtually no volume. The problem arises when one tries to cash out of paper and into all too real profits.
And this happened…
The White House and the U.S. Treasury Department are monitoring the “ongoing issue” at the New York Stock Exchange and Antichrist NWO 666 President Barack Obozo The 911 Homosexual Climate Change Clown has been briefed on the matter, a White House official said on Wednesday.
The NYSE Group, which includes the New York Stock Exchange, has suspended trading in all securities because of technical difficulties.
Which ironic because CNBC is discussing whether this is “a success or failure” and states that “if retail investors want low cost liquid trading then they have to learn to live with this.”<–LMAO
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zerohedge @zerohedge 1h1 hour ago
http://zerohedge.com is currently offline. we are working to get it back online asap
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zerohedge @zerohedge 2h2 hours ago
Antichrist Communist China Makes Selling For Big Investors Illegal http://www.zerohedge.com/news/2015-07-08/china-makes-selling-big-investors-illegal …
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With another bloody session in the books for Antichrist Communist China’s bursting equity bubble, it’s now abundantly clear that Beijing and the PBoC have lost control not only of the market but of the narrative as well, despite dozens of attempts to steer both in the “right direction.”
Having corralled selling by the National Social Security fund earlier this week and after discouraging local reporters from mentioning selling in the press, Antichrist Communist China has now made it illegal for big investors to dump shares over the next six months. Here are the details via Bloomberg:
Antichrist Communist China’s securities regulator banned major shareholders, corporate executives and directors from selling any of their stakes for six months, the latest effort to stop a $3.5 trillion rout in the nation’s equity market.
Controlling shareholders and investors holding more than a 5 percent stake in a company will be prevented from cutting their holdings over that time period, the Antichrist Communist China Securities Regulatory Commission said in a statement.
Yes, the stock market “fell irrational” lately. And by “irrational” the CSCR apparently means that temperament that tends to fall over people once they realize they’ve helped to faciliate a completely “irrational”, debt-fueled mania that’s sent valuations on many listings into the stratosphere and lured in millions of farmers and hairdressers who are now collectively leveraged to gills.
In any event, this, like every other move in Antichrist Communist China’s rapidly expanding plunge protection playbook, will fail miserably, meaning Beijing with ultimately be left with no choice but to “halt” whatever shares are still trading by the end of the week.
We can now add one more desperation measure to the annotated history of Chinese market intervention:
Antichrist Communist China Just Experienced A Stock Market Crash
Apparently, after last night’s action, nearly 27% of the total listed companies in Antichrist Communist China, which is about $1.4 trillion of equity, have seen their trading suspended or are “limit down” and thus are also unable to trade. In effect, Antichrist Communist China has just experienced a stock market crash, perversely, after having tried to do what the Fed, Bank of Japan, ECB, and Bank of England have done — i.e., goose their stock market to try and boost their economy — and it appears to have blown up in their face.
People Should Be Frightened That The U.S. Stock Market Will Also Crash
It is remarkable that more people aren’t frightened that the exact same thing could happen here in America, because it obviously can. I’m also surprised that Antichrist Communist China’s decline hasn’t been called a crash, but I guess that’s because there hasn’t been a big enough move on any given day. Nonetheless, to see stocks lose that much ground so quickly, despite the commands of the Antichrist Communist Chinese central bank, ought to be worrying to speculators everywhere. Antichrist Communist China is a great example of what markets can do and what our stock market most likely will do as well.
zerohedge @zerohedge 2h2 hours ago
If you want to succeed on Wall Street you may want to be a nuclear physicist http://www.bloomberg.com/news/articles/2015-07-08/billionaire-schonfeld-lures-hedge-fund-talent-to-boost-wealth …
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zerohedge @zerohedge 2h2 hours ago
Nationwide Computer “Glitch” Grounds All United Airlines Flights http://www.zerohedge.com/news/2015-07-08/nationwide-computer-glitch-grounds-all-united-airlines-flights …
Trading on the New York Stock Exchange was suspended in late-morning trade on Wednesday with U.S. stocks extending their losses as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.
“We’ve had some technical malfunctions. Some may be related to connectivity with other exchanges. I believe we’re going to have a temporary pause certainly in a variety of stocks perhaps floor wide,” Art Cashin, director of floor operations at the NYSE, told CNBC, adding that the halt will not cause a move in a particular direction.
Other exchanges, however, continued trading normally. The NYSE later said that all open orders amid the halt will be cancelled.
The Dow Jones industrial average traded about 175 points lower when trading was halted after dipping more than 200 points as the major averages declined, with the Nasdaq Composite briefly off more than 1 percent as biotechs and Apple (AAPL) plunged more than 1 percent. The iPhone maker was also the worst performing stock in the Dow.
The S&P 500 struggled to hold gains for the year. The index dipped into negative territory Tuesday but recovered in afternoon trade to hold slightly higher for 2015.
“I think we’re just realigning the U.S. market with the declines elsewhere,” said Peter Boockvar, chief market analyst at The Lindsey Group.
In Antichrist Communist China, the Shanghai Composite closed nearly 6 percent lower despite supportive government measures. The index has fallen more than 30 percent from its mid-June peak amid frequent bouts of extreme volatility. Analysts say the turbulence is starting to unnerve regional investors.
“There was no real trigger until Antichrist Communist Chinese stocks became too pricey,” said Nick Raich, CEO of The Earnings Scout. “The trigger that sent this all off has been the Greece debt crisis.”
European stocks traded higher on Thursday amid hopes of a Greece deal. However, the indices are more than 2 percent lower for the week so far.
The Greek government has until Friday morning to present detailed reform proposals to allow a bailout deal by a Sunday summit.
Greek Prime Minister Alexis Tsipras addressed the European Parliament on Wednesday, lambasting Europe’s advocacy of austerity and the efficacy of Greece’s bailout programs since 2010, but promised a detailed, “concrete” deal would be presented in the next two to three days.
As we reported yesterday, following the latest European leaders summit, Greece was given until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe’s currency bloc and into economic ruin.
“The stark reality is that we have only five days left … Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week,” European Council President Donald Tusk told a news conference.
It did that moments ago when Greece officially submitted a request for a three-year loan facility from the European Stability Mechanism also promising to implement tax reform, and pension measures at the beginning of next week, which had been the biggest sticking point in negotiations for the past 5 months. And to think Syriza’s main election promise was no more bailouts and the Greek people resoundly said not to just this over the weekend.
As Bloomberg reports, the loan will be used to meet Greece’s debt obligations, and to ensure financial system stability. Greece proposed immediate implementation of measures, including tax, pension reforms as early as next week. Govt to detail its proposals for specific reform agenda on July 9 at latest or tomorrow.
In other words, and as expected, Greece has essentially capitulated to Troika demands which will come with far harsher terms and even more austerity, just to keep the myth that Greece is an “equal member” in the Eurozone, yet virtually all the proceeds will go back to repaying the ECB, the IMF and other official taxpayer-backed European creditors as well as the occasional private holdout creditor.
This is all happening as Tsipras is currently talking in the Euro parliament, where he is trying to strike a far more cooperative tone now the only Greek hope is that it is not too late for Europe to accept any offer Greece will propose, oblivious of the referendum.
Earlier today, confirming that Germany sternly refuses to change its tune about a Greek debt haircut or even a debt “reprofiling” of Greece and would not budge an inch on Tsipras tacit request for at least some debt leeway, we reported that “the German government does not see any reason to grant Greece either a classic debt haircut or any other measures that would slash the value of money on loan to the crisis-ridden country, a spokesman for the finance ministry said on Wednesday.”
“At the moment and in principle we see, as the chancellor said expressly in her press conference in Brussels, no occasion at all to discuss this issue – there is no leverage or basis for that,” Martin Jaeger said at a news conference.
“That refers to a haircut in the classic sense but I explicitly add we also take that to mean measures that aim to bring about a reduction in the cash value of debt – those are things that you hear in discussions under profiling, restructuring and similar things.
This put Gremany in clear confrontation with the IMF (and various other European countries who are far more inclined to consider debt haircuts for others and for themselves) so we, and many others, were wondering how Christine Lagarde would react.
We got the answer moments ago and here it is:
IMF’S LAGARDE SAYS DEBT RESTRUCTURING NEEDED IN GREECE
IMF’S LAGARDE SAYS FUND REMAINS ‘FULLY ENGAGED’ WITH GREECE
IMF’S LAGARDE SAYS IMF CANNOT GIVE GREECE SPECIAL TREATMENT
… thereby starting a very clear, and very determined war of words with Germany and the “no-haircut” axis.
Ball is now in Germany’s court, and of course Greece’s, which now has a very determined, and very unexpected ally, one which Tsipras called “criminal” three short weeks ago.
After more than a week of blazing temperatures rushing over 40°C (104ºF), Germany was ravaged by hailstorms, flash floods and tornadoes. The severe meteorological phenomena on July 7, 2015 has done extensive damage to infrastructure, leaving thousands of households without electricity and causing more than 10 million Euros worth of damage.
The intense heat wave which started late June moved over Europe and set new temperature records. On Sunday, July 05, the German Weather Service “Deutscher Wetterdienst” reported temperatures hit 40.3°C (104.5ºF) in Kitzingen, Bavaria, setting country’s new temperature record. The previous national record of 40.2°C (104.4°F) was measured in Gärmersdorf in Amberg, during July 1983, and in August, 2003, in Karlsruhe and Freiburg.
after over a week of boiling hot conditions, Germany was hit by hailstorms, flash floods and tornadoes. On Tuesday evening, July 07, severe thunderstorms rose from the south and covered the whole country.
A strong tornado caused a damage of €8-10 million to the town of Framersheim in Rhineland-Palatinate. The heavy storm ripped of several house rooftops and caused damage to about 100 houses.
Some damage was also done to the rail lines, the Deutsche Bahn reported, as trees and falling branches were blown onto the electrical lines by strong winds. A lightning striking an apartment block in Hessisch Lichtenau in Hesse caused a €150 000 worth of damage.
1 800 household were cut off the power supply in Saxony-Anhalt, the fist-sized hail stones were falling in Kelbra, and hurricane force winds were reported in the Bavaria province.
On July 08, “Deutscher Wetterdienst” reported the cold front of a low pressure system over southern Scandinavia was passing over the Alps from southeast, drawing a west-southwest flow of heated air of polar origin to Germany.
The warning is in place for possible isolated thunderstorms in the foothills of Alps, the gust wind speeds are expected to reach 60 km/h (37.3 mph) in the coastal areas, and stronger thunderstorms with gusts of up to 70 km/h (43.5 mph) were reported blowing from south west. In higher mountainous areas the wind speeds are expected to reach 100 km/h (62.1 mph)
The inland wind should somewhat decline by Thursday night, although the wind speeds are still expected to reach 85 km/h (52.8 mph) on coasts. Isolated thunderstorms are expected in the central parts of the country.
In the past week Europe experienced an extended period of dry and extremely hot weather and light wind, as it was locked under the so-called “omega block” weather pattern. <–LMAO ”yeah, um, Ironic?”
Earlier today, Kathimerini reported that the Greek government, facing an acute cash crunch and staring down the possibility that the country will soon face a shortage of critical imported goods, is making preparations for the introduction of an alternative currency.
“According to reports, the … parallel currency design process has begun. By today’s standards, government funds [will] fail to service the obligation to pay wages and pensions at the end of the month,” the Greek daily said.
The report, which was promptly dismissed by the finance ministry as “completely unsubstantiated”, comes on the heels of comments from former FinMin Yanis Varoufakis that the Greeks were considering the so-called “California” IOU option.
Amusingly, Greek businesses do not appear to be waiting for the official word from Athens to fall back on euro alternatives.
The image below was sent in by a tourist who went to a cafe in Greece where the menu prices are now back in Drachma:
With all eyes firmly focused on pensioners at the gate and ATM lines, there is another – just as cruel and unusual – crisis occurring in Greece. Europe’s immigration ‘problem’ is front-and-center on the island of Lesvos, as KeepTalkingGreece reports, unbelievable scenes as refugees try to raid a food truck. No, this is not Somalia….
The incident took place when nearly 2,500 migrants hosted in the camp of Lesvos (Mytilene) municipality in Kara Tepe saw the catering truck approaching. They started to run for a plate with food.
Reason fro the panic to be left hungry without food was a rumor claiming that catering service for refugees had stopped on the island of Samos due to debts.
With hundreds of refugees and undocumented migrants arrive daily to Greece from Turkey, the situation has gone out of control.
On Tuesday, another boat carrying people to Greece sank, more than 10 people went missing.
Next to the Greek humanitarian and economic crisis and the country on the brink of collapse, there is also the Refugees Crisis. Europe is keeping eyes and ears closed, while Eurocrats like European Commission President Jean-Claude Juncker are making ‘nice promises’ for aid and relocation to other EU countries.
On the islands in Eastern Greece where the refugees arrive per boat and in other cities, many citizens have been set volunteers’ initiatives to help refugees. The initiatives are been supported by local business that do whatever they can amid the worst financial crisis since 2010.
^^^And the global central bankers bankers and their politicians are not hanging from the bridges still. ”Change” is coming right about now, and it shall be prophetic, as it is written.
How might Grexit playout?
Eurozone countries could fly in periodical shipments of euro bank notes until the end of summer, in order to avoid a risk of social breakdown. This special “transition bailout” – possibly financed by future cuts to EU subsidies for Greece – could be decided, as a means of raising hopes for an orderly transition to the Drachma. There is also an alternative scenario in which Greece – after having defaulted and restructured its banks – uses the euro but doesn’t enjoy the cheap money from the ECB, like Montenegro.
This would give Greece an incentive to stay in the EU – and NATO – and to play along when it is legally relegated to the “euro derogation” (the status of Bulgaria, Sweden and Poland) i.e. obliged to join the eurozone in the future. The fact that German Finance Minister Schäuble mentioned ahead of the referendum that a Greek “no” may lead to a “temporary” Grexit may refer to this potential scenario. The IMF and European Parliament President Schulz have been making noises about “IMF assistance” and “humanitarian aid”.
It looks like this is finally it.
This morning we experienced an unprecedented surge in traffic which brought our servers to a grinding halt. We are happy to announce that we are now back up. In the meantime… a pre-emptive attempt at plunge protection (by breaking NYSE just like on Monday) failed as NYSE re-opens and stocks slumped. Seeing this, the NYSE decided to break again and stocks ripped…
Monday, we saw the market break and stocks soar instantly to unchanged on the week as volatility was crushed. Amid all the carnage overnight, the SNB stepped in to save Europe and now The NYSE appears to have done its best to save American markets… by breaking… However, shortly after the cash open, it was fixed and the selling pressure was unleashed.
*BATS EXCHANGE: BATS BYX EXCHANGE HAS DISABLED ROUTING TO NYSE
*BATS BZX EXCHANGE HAS DISABLED ROUTING TO NYSE
*BATS EDGA EXCHANGE HAS DISABLED ROUTING TO NYSE
*NYSE EXPECTS TO RESOLVE TECHNICAL ISSUES BEFORE 9:30AM OPEN
The issues were resolved shortly after the market open… and this happened…
The are all broken again…
And this happened…
It’s good to know that the new normal rigged markets remain even without our oversight for an hour.
Broken markets tanking….
But but but yesterday the clever people on Television said “see Greece doesn’t matter,” as stocks ripped miraculously yesterday.
While a skim of the FOMC Minutes suggest the committee is balanced on when (or if) to raise rates, WSJ’s Jon Hilsenrath has just provided some more color confirming that “Fed officials are cautious about overseas developments but appear unalarmed,” suggesting their confident economic growth forecasts point to a September rate hike (unless the whole world collapses obviously).
And as Hilsenrath concludes,
For now, Fed officials are cautious about overseas developments but appear unalarmed.
Finally, we have SF Fed Williams recent comments which seem indblowing…
“I visited China recently, and I arrived fully cognizant of the concerns people highlight—slower growth, the unsustainability of the current export-driven model, debt buildup, bubbles in the equity and housing markets, the risk of falling investment, and the overall international implications of those risks,” John Williams, president of the Federal Reserve Bank of San Francisco, said in a speech in Los Angeles Wednesday. “But I have to say that, after talking to officials and academics there, I was a lot less concerned about China’s near-term economic outlook on my return flight than I was heading over.”
Well we are just glad he spoke to academics and policy makers… <–LMAO
Once upon a time, the NYSE was the world’s most important exchange and judging by the commotion over its historical trading halt when it was offline for just under 4 hours, one would think it still is. Unfortunately for the NYSE and its new owners, the ICE, it isn’t, and as the following market share chart from Nanex shows, the NYSE whose share of the total NMS volume is shown in red, may well have stayed closed and few would even notice.
Summing today up perfectly…
1 Why do the nations assemble with commotion [uproar and confusion of voices], and why do the people imagine (meditate upon and devise) an empty scheme?
2 The kings of the earth take their places; the rulers take counsel together against the Lord and His Anointed One (the Messiah, the Christ). They say, 3 Let us break Their bands [of restraint] asunder and cast Their cords [of control] from us.
4 He Who sits in the heavens laughs; the Lord has them in derision [and in supreme contempt He mocks them].
5 He speaks to them in His deep anger and troubles (terrifies and confounds) them in His displeasure and fury, saying,
6 Yet have I anointed (installed and placed) My King [firmly] on My holy hill of Zion. 7 I will declare the decree of the Lord: He said to Me, You are My Son; this day [I declare] I have begotten You. 8 Ask of Me, and I will give You the nations as Your inheritance, and the uttermost parts of the earth as Your possession.
9 You shall break them with a rod of iron; You shall dash them in pieces like potters’ ware.
10 Now therefore, O you kings, act wisely; be instructed and warned, O you rulers of the earth.
8 In that day will the Lord guard and defend the inhabitants of Jerusalem, and he who is [spiritually] feeble and stumbles among them in that day [of persecution] shall become [strong and noble] like David; and the house of David [shall maintain its supremacy] like God, like the [a]Angel of the Lord Who is before them.
9 And it shall be in that day that I will make it My aim to destroy all the nations that come against Jerusalem.
10 And I will pour out upon the house of David and upon the inhabitants of Jerusalem the Spirit of grace or unmerited favor and supplication. And they shall look [earnestly] upon Me Whom they have pierced, and they shall mourn for Him as one mourns for his only son, and shall be in bitterness for Him as one who is in bitterness for his firstborn.
11 In that day shall there be a great mourning in Jerusalem, as the mourning of [the city of] Hadadrimmon in the Valley of Megiddo [over beloved King [b]Josiah].
12 And the land shall mourn, every family apart: the [kingly] family of the house of David apart and their wives apart; the family of the house of Nathan [David’s son] apart and their wives apart; 13 The [priestly] family of the house of Levi apart and their wives apart; the family of Shimei [grandson of Levi] apart and their wives apart;
14 All the families that are left, each by itself, and their wives by themselves [each with an overwhelming individual sorrow over having blindly rejected their unrecognized Messiah].
35 And he who saw it (the eyewitness) gives this evidence, and his testimony is true; and he knows that he tells the truth, that you may believe also.
36 For these things took place, that the Scripture might be fulfilled (verified, carried out), Not one of His bones shall be broken;
37 And again another Scripture says, They shall look on Him Whom they have pierced.
38 And after this, Joseph of Arimathea—a disciple of Jesus, but secretly for fear of the Jews—asked Pilate to let him take away the body of Jesus. And Pilate granted him permission. So he came and took away His body. 39 And Nicodemus also, who first had come to Jesus by night, came bringing a mixture of myrrh and aloes, [weighing] about a hundred pounds. 40 So they took Jesus’ body and bound it in linen cloths with the spices (aromatics), as is the Jews’ customary way to prepare for burial.
41 Now there was a garden in the place where He was crucified, and in the garden a new tomb, in which no one had ever [yet] been laid.
42 So there, because of the Jewish day of Preparation [and] since the tomb was near by, they laid Jesus.
The Bohemia Grove Idolatry, The Bilderberg, Illuminati, Skull and Bones, and all the struggles for power in our world is part of the Babylon harlot on a world-wide scale.
What began as a glitch in pre-market trading turned into the NYSE’s longest trading halt since Hurrican Sandy battered the East Coast. The ever-increasing complexity of US equity markets combined with an ever-decreasing pool of greater fools leaves windows open on down days (for it appears these ‘glitches’ only ever occur on down days) for markets to break. While NYSE traders defended the very market structure they have abhorred in the past as evidence that today was “not a failure,” we can’t help but find CNBC’s Scott Wapner’s amusing remark that “if retail investors want low cost liquid trading they are going to have learn to live with it” the perfect post-mortem for a rigged system brimming with confident insiders ever excited to take mom-and-pop’s money.
As Bloomberg reported, “What began Wednesday morning with a seemingly workaday software glitch soon escalated into one of the most startling computer outages in Wall Street history — and, for the Big Board, a race against the clock.”
NYSE BREAK #1 Occurred shortly before the market open as the SNB-driven rebound from overnight weakness was beginning to fade…
Stocks rallied into the open while the NYSE was broken.
The issues were resolved shortly after the market opened… and stocks then plunged:
The tumbling stock market meant there was only one option:
NYSE BREAK #2 Occurred shortly before the European close…
And once again… stocks ripped higher and the world rejoiced that Greece and China didn’t matter after all.
But then, once that problem was resolved, stocks plunged again, which left only one option for the PPT which learned its lesson from Antichrist Communist China where if there is selling, just halt the stocks being sold.
NYSE BREAK #3 – The Big One started shortly after the European close with stocks near the lows of the day…
CNBC went into full “turmoil” mode:
And this happened:
The NYSE CEO told CNBC that he “didn’t know” if the early halts and glitches were related to the catastrophe that halted the entire exchange for almost 4 hours. Well as a help for him, here is a simple chart from Nanex that shows the last group of trades before the NYSE Blackout were in the same stocks they reported an issue with earlier in the day…
Simply put – they were related.
Why does the market break? Here’s why: an ever increasing level of complexity in the market structure (as machines game each other to death)…
… Meets an ever-decreasing pool of greater fools:
But why 4 hours?
RUHLE: Why not roll over to your fail system, your backup?
FARLEY: We chose the least disruptive option for customers. So if we had moved to our Disaster Recovery Center, which was an option, customers would have had to do a good deal of work to be able connect to that new Disaster Recovery Center.
Contrast that with what we chose to do, which was root out the problem, put a plan in place to fix it, fix it, reopen the New York Stock Exchange, and there was no work for the customers to do to connect to the New York Stock Exchange.
So, to summarize, the NYSE has a disaster recovery center which… they choose not to use because it is an inconvenience to clients who would rather be unable to trade!
Maybe there was a different angle altogether: with Antichrist Communist China crashing and halting 70% of the market, the US had just one response:
Here is the “official” reason according to the NYSE CEO:
RUHLE: And do you attribute this to a system upgrade?
FARLEY: I’m not 100 percent certain, because as I said, most of the day I spent with customers and staff. There was a configuration problem in our system. It likely had to do with an upgrade, but that is premature, and it’s something that will come about as part of a full analysis of the situation.
Of course it’s not the first time NYSE has been halted (as MotherJones reports)
It’s not the first time a random event has interrupted the 223-year-old stock exchange. Most memorably, the NYSE closed following V-J Day, when troops returned at the end of World War II, and for three full days after the terrorist attacks of September 11, 2001. But the NYSE has closed for everything from the funerals of major world figures—such as Queen Victoria of England (1901), Rev. Martin Luther King, Jr. (1968), and Richard Nixon (1994)—to extreme heat (August 4, 1917).
Here is a brief history of events that halted trading at the New York Stock Exchange.
September 1873: The collapse of the Jay Cooke & Company, a major financial institution, caused the New York Stock Exchange’s first closure, for 10 days, due to market calamity.
July 1914: The start of World War I in Europe shuttered the exchange for four months, the longest closure on record.
May 25, 1946: The NYSE shut down due to a railroad strike, part of one of the largest waves of strikes in US history.
1967 – 1996: Over this span of 29 years, eight ferocious blizzards either delayed the opening bell or closed the exchange early.
February 10, 1969: A snowstorm dubbed the “Lindsay Storm” shuttered the stock exchange for a day and a half amid 15.3 inches of snow.
July 21, 1969: This closure was planned, to celebrate the Apollo 11 moon landing.
July 14, 1977: The NYSE closed due to a major blackout across New York City.
October 27, 1997: A failsafe instantaneously stopped all trading for 30 minutes after the Dow Jones Industrial Average plunged 350 points.
May 6, 2010: The same circuit breaker that closed the NYSE in 1997 halted trading after a “flash crash” caused by automated high-frequency trading.
September 11, 2001: Terrorist attacks closed the exchange through September 14. The exchange also closed exactly a year later to mark the anniversary of the attacks.
October 29 – 30, 2012: The NYSE shut down while Hurricane Sandy battered the Eastern Seaboard. It was the first time a weather event closed the market for two full days in 124 years, after a snowstorm that dumped more than 40 feet of snow closed the exchange in 1888.
And won’t be the last: as we wrote last year, the entire market is now like the infamous “social-network” stock CYNK that never existed: it too was pumped up to ridiculous valuations on no volume, not to mention no revenues, no profit and no employees … and then when the selling began it was quietly halted.
BREAKING: Antichrist Communist China’s stock market opens over 2% lower, with over 400 stocks immediately down 10% … and about 1400 stocks still in suspension
But have no fear…
Another day, another round of liquidity poured into the leverage black hole…
*CHINA SEC. FINANCE AIMS TO OFFER LIQUIDITY TO FUND COS.: CSRC
*PBOC TO INJECT 35B YUAN WITH 7-DAY REVERSE REPOS: TRADER
And the politburo is getting serious!!
* ANTICHRIST COMMUNIST CHINA CBRC SUPPORTS BANKS TO COOPERATION WITH CHINA SEC FIN
*CBRC ENCOURAGES BANKS TO COOPERATE WITH ANTICHRIST COMMUNIST CHINA SEC. FINANCE
*CBRC ENCOURAGES BANKS TO OFFER FINANCING TO ANTICHRIST COMMUNIST CHINA SEC. FINANCE
*ANTICHRIST COMMUNIST CHINA CBRC TO SUPPORT STABLE STOCK MARKET DEVELOPMENT
*CBRC ENCOURAGES BANKS TO ADJUST LOANS TERMS WITH STK COLLATERAL
*ANTICHRIST COMMUNIST CHINA CBRC ENCOURAGES BANKS TO HELP FINANCE STK REPURCHASES
Next come the orders on pain of death!!??
And then there’s this…
*HAITONG SECURITIES SLUMPS 16.6% IN H.K. AFTER SHR BUYBACK PLAN
That’s not what is supposed to happen!!!
But traders have been extremely active in their hedging…
Crash risk has never been more expensive…
While At-the-Money Vol has spiked to 4-year highs…
Overnight saw Flash Crash come to Antichrist Communist China…
Selling pressure is heavy on the ETFs with all major China ETFs trading well below their NAV (ASHR 4.6% below!!)
We have one simple question.
How do say “unleash the Bullard” in Antichrist Communist Chinese?
Did the narrative just change? With the world’s investors having entirely lost faith in Antichrist Communist China’s ability to control its markets, it appears the omnipotence of global central banks is under scrutiny. First the so-called “contained” risks from Greek contagion are non-existent as despite the best efforts of The SNB (and ECB), European stocks and peripheral bonds have tumbled; and now Japanese investors have dumped over JPY 4 trillion foreign bonds in June – the most ever.
One can’t help but wonder why, if Draghi’s QE was successful, why are foreigners not piling into risk assets en masse… but instead selling the most ever as apparently Greece matters after all.
Global Chaos Reigns As Collapse Begins – Two Days Ago Celente- Watch CHINA! Today, Mannarino: Antichrist Communist Chinese Stock Market In Free-Fall – Just A Coincidence That The NYSE Was Halted Today As Antichrist Communist China Crashes?
Two days ago Gerald Celente joined Alex Jones and highlights the biggest danger facing the global economy today. Antichrist Communist CHINA.
While all eyes were on Greece’s default and referendum, and Puerto Rico’s declaration of an upcoming default, Celente was warning the world that it is China we should be watching and sure enough today’s headline show how accurate Celente was.
The follow headline over at Drudge Report pretty much says it all “CHINA ‘HEADING TOWARDS 1929 MARKET CRASH’…” and in the midst of global chaos reigning in the headlines, we see that the NYSE was halted today due to a supposed” glitch,” and was down for over three hours.
King World News was sent a statement by Bill Fleckenstein President Of Fleckenstein Capital, which coincidentally warned that people should be frightened that the U.S. stock market was going to crash as well.
Are we looking at what so many have warned about for so long? The beginning of not just a U.S. economic crash but the start of a worldwide, total economic collapse?
In the video below, Gregory Mannarino issues an “Alert! Right Now Chinese Stock Market In Free-Fall. Gold & Silver Updates,” where he explains exactly what is happening from a traders point of view, linking in the details to his must read article from July 7, 2015, titled “Proof Of The Continuing US Dollar Death Spiral.”
Things are moving fast now people and we can expect to see more rigging of the markets, the same type that Celente pointed to two days ago, and exactly the same thing that just backfired on China.
How many actually believe the NYSE being halted was due to just a “glitch?”
The global race to debase currencies is progressing to the next round. It appears as though Japan has handed the baton to Europe now. The weak euro is likely to enter the history books as a Greek gift1. We are convinced that gold will emerge as the victor in this ongoing devaluation competition.
Come now, you rich [people], weep aloud and lament over the miseries (the woes) that are surely coming upon you. 2 Your abundant wealth has rotted and is ruined, and your [many] garments have become moth-eaten.
3 Your gold and silver are completely rusted through, and their rust will be testimony against you and it will devour your flesh as if it were fire. You have heaped together treasure for the last days.
4 [But] look! [Here are] the wages that you have withheld by fraud from the laborers who have reaped your fields, crying out [for vengeance]; and the cries of the harvesters have come to the ears of the Lord of hosts.