7-20-21-15 THE STONE THE ”BUILDERS” REJECTED DECLARES WHAT THEY LOST AND WHO NEVER KNEW THEM (Midnight Mercury Sun Sirius Lineup)

by amongthenumberedsaints

Satan has many mysterious angels who are ready to second their master’s temptations and to commend his wily overtures. Thus Ill-Pause persuades the men of Mansoul; and, lo! to the temptation from without (which was utterly powerless in itself), there answers the yielding from within. This is the fatal act; and is straightaway followed by another grave disaster—the death of Innocency, one of the chiefest and most honorable townsmen. His sensitive soul was poisoned by the contact of the breath of the lost.[vii]

INHUMAN—PART 7: THE DEVIL IS IN THE DETAILS 

The Holy War continues with civil war raging within Mansoul and the defeat of the giant Diabolus and his demonic army by the son of Shaddai, Emmanuel, but the allegory perhaps finds more direct application in the twenty-first century than earlier. This is because, more than any other time in history, the seduction of high-tech has taken firm root—and among the most vulnerable of the population. Culturally adrift, this high risk generation, most of whom have never heard the exquisite truths of John Bunyan, has been denied spiritual cultivation through an educational system which values tolerance above absolutes and through social training that elevates technology above heritage.

Antichrist NWO 666 President Barack Obozo The 911 Homosexual Climate Change Clown Preemptive Nuclear NONproLIFEration Nobel Prize Putz U.N. Security Council Chairman appeared to hope that the UN vote would convince Congress that resisting the deal would be futile.

Bipartisan Anger in Congress over Obozo’s UN Move

Antichrist AIPAC officials have been debating using their doomsday weapon, namely to campaign to unseat congressional Antichrist Democrats who will vote in favor of the Antichrist Iran deal.

Antichrist AIPAC Mulling ‘Nuclear Option’ in Lobbying Against Antichrist Iran Deal 

The American Antichrist Israel Public Affairs Committee (AIPAC), like Antichrist Israeli Prime Minister Benjamin Netanyahu 911, is staunchly opposed to the Antichrist Iran nuclear deal and is lobbying Congress hard to reject it. Should it appear that Congress is unable to override a presidential veto on a resolution to reject the Antichrist Iran deal, some Antichrist AIPAC officials are contemplating a “nuclear option,” threatening to punish lawmakers who will side with the president on this issue.

“I think it is going to be an epic fight,” said J Street president Jeremy Ben-Ami. “The foreign policy fight of a generation.”

Ezekiel 28

Prophecy Against the King of Tyre And The Antichrist NWO Homosexual U.N. Climate Change Crypto Fascist Dial 911 Clown Club Of Rome 666-ADD-Debt Cabal

The ·Lord spoke his word [L word of the Lord came] to me, saying: 2 “·Human [T Son of man; 2:1], say to the ruler of Tyre: ‘This is what the Lord God says:

Because ·you are [L your heart is] proud,
you say, “I am a god.
I sit on the ·throne [seat] of a god
in the ·middle [L heart] of the seas.”
You think you are as wise as a god,
but you are a ·human [mortal; man], not a god.
3 [L Look; T Behold] You ·think you are [L are] wiser than Daniel [14:14].
·You think you can find out all secrets [L No secret is hidden from you].
4 Through your wisdom and understanding
you have made yourself rich.
You have ·gained [gathered] gold and silver
·and have saved it in [L in] your ·storerooms [treasuries].
5 Through your great skill in trading,
you have made your riches grow.
·You are too [L Your heart is] proud
because of your riches.
6 “‘So this is what the Lord God says:

[L Because] You think you are wise
like a god,
7 ·but [L therefore, look/behold] I will bring foreign people against you,
the ·cruelest [most ruthless] nations.
They will draw their swords
·and destroy all that your wisdom has built [L against your beauty and wisdom],
and they will ·dishonor [defile] your ·greatness [splendor].
8 They will ·kill you [L bring you down to the pit];
you will die a ·terrible [violent] death
·like those who are killed at sea [or in the heart of the sea].
9 ·While they are killing you [L In the presence of those killing you],
·you will not [L will you…?] be able to say anymore, “I am a god.”
You will be only a human, not a god,
·when your murderers kill you [L in the hands of those who kill you].
10 You will die ·like an unclean person [L the death of the uncircumcised];
·foreigners will kill you [L …in the hands of strangers/foreigners].
I have spoken, says the Lord God.’”

11 The ·Lord spoke his word [L word of the Lord came] to me, saying: 12 “·Human [T Son of man; 2:1], sing a ·funeral song [lament; dirge] for the king of Tyre. Say to him: ‘This is what the Lord God says:

You were ·an example [the seal/signet] of what was perfect,
full of wisdom and perfect in beauty.
13 You ·had a wonderful life,
as if you were in Eden [L were in Eden], the garden of God [C like Adam; Gen. 1—2].
Every valuable gem ·was on [covered] you:
·ruby [or carnelian], ·topaz [or chysolite], and ·emerald [or diamond],
·yellow quartz [or chrysolite], onyx, and jasper,
·sapphire [or lapis lazuli], turquoise, and ·chrysolite [or beryl; or emerald].
Your ·jewelry [settings and mounts] was made of gold.
It was prepared on the day you were created.
14 I appointed a ·living creature [L cherub] to guard you.
I put you on the holy mountain of God.
You walked among the ·gems that shined like fire [fiery stones].
15 ·Your life was right and good [L You were blameless in your ways]
from the day you were created,
until ·evil [wickedness; unrighteousness] was found in you.
16 Because you traded with countries ·far away [or in abundance],
you ·learned to be cruel [L were filled with violence], and you sinned.
So I ·threw you down [banished you] in ·disgrace [or defilement] from the mountain of God.
And the ·living creature [L cherub] who guarded you
·forced you out [expelled you] from among the ·gems that shined like fire [fiery stones].
17 ·You became too [L Your heart was] proud
because of your beauty.
You ·ruined [corrupted] your wisdom
because of your ·greatness [splendor].
I threw you down to the ground.
·Your example taught a lesson to [or I made a spectacle of you before] other kings.
18 You ·dishonored [desecrated; profaned; C ritually] your ·places of worship [sanctuaries]
through your many sins and dishonest trade.
So I ·set on fire the place where you lived [L sent fire out from your midst],
and the fire ·burned you up [consumed you].
I turned you into ashes on the ground
·for all those watching to see [L before the eyes of all who saw you].
19 All the nations who knew you
are ·shocked [appalled; aghast] about you.
Your punishment was so terrible,
and you are gone forever.’”

…(g) i wonder(s); ”who ”IS” ”IT’ that builds the Antichrist NWO 666 Temple in Israel?

Hmm, (g) i wonder(s), then says the dumbest thing anyone now on Earth could possibly say, and ”IS” so quantifiably HORRIBLE in so so so many ways, ”IT’ (HAL OPEN THE POD BAY DOORS) ”IS” (SCAPEGOAT)>>>ABOVE<<< my >>>PAY(666 SEALED) GRADE<<<!!!!

LMAO LMAO LMAO….

NEWS FLASH: …your ”Antichrist NWO 666 PAY ….LMAO, YOU DUMB DUSTY ASS ….CONDEMNED HELL-BOUND FOOL!!! …your GRADE ”IS” …F. That ”IS” F for FAILURE. YOU ARE TOAST.

Put it to you this way. If you are not now following ”orders” from someone who ”knows” our Father in Christ, LOL, NEWS FLASH: ”YOU ARE LOST FOREVER!!!””

…in the mean time, all you are doing ”IS” murder. You are not saving anyone. PERIOD! You are not preserving anyone or anything. You are condemned to HELL! YOU SHALL NOT RISE FROM AMONG ANY NATION OR ISRAEL! YOU SHALL BURN AND PERISH!

ATTENTION TARGET SHOPPERS!!! BLUE (ROOM) LODGE UV LIGHT SPECIAL ON AISLE 666

Long arm lookin’ for a finger print
Tryin’ to find a mystery clue
Hittin’ me with the third degree 

And in the latter time of their kingdom, when the transgressors are come to the full, a king of fierce countenance, and understanding dark sentences, shall stand up.

Daniel 8

QABALISTIC ALLUSIONS OF THE THIRD DEGREE
The system of Traditional Jewish Mysticism known as Qabalah often provides important clues to the interpretation of passages of Scripture. Since much of our ritual is derived from Scripture, there are certain very interesting Qabalistic allusions throughout the rituals of Freemasonry

There is extensive evidence that Petrus Romanus is working to usher in the Mystery Babylon. This video will investigate his use of the “Mystery” and the origin of the “Mystery.” I use a 33 degree Freemason and “Master of the Mysteries” Manly P. Hall to break down Pope Francis’ not-so-secret agenda, and that’s to bring Roman Catholicism fully into the Mystery. You NEED to BUILD your ARK. Now.

Petrus Romanus is ushering in the Mystery Babylon (September 23, 2015)- HE KNOWS WHAT’S COMING

The origins of the observance of these holy days are found in the Bible (Leviticus 23:23-32 and Numbers 29:1,7). Interestingly, Rosh Hashanah functions in four particular ways: First, simply as the first day of the Jewish year. Second, as “Judgment Day,” on which God judges us based on our past actions. Third, as mentioned above, as the opportunity to confess, ask for forgiveness, and promise to do better. And fourth, traditionally it marks the creation of the world.

Understanding significance of Rosh Hashanah and Yom Kippur

Windswept House: In this story, he vividly described a ceremony called “The Enthronement of the Fallen Archangel Lucifer”

http://beforeitsnews.com/religion/2013/02/final-pope-already-running-the-vatican-2448248.html

In February 2013, the Vatican officially recognized the “Antichrist State of 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 “Antichrist State of Palestine”. This treaty is the first legal document negotiated between the Holy See and the 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.

NO JOKE: Petrus Romanus Pope Francis to be Tried by Re-Established Sanhedrin! 

Here is the letter the “Sanhedrin” issued on the matter:

“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.

Would it look ”ironic” if (eh humm, Antichrist Iran? Antichrist ISIS? LMAO) they (Think. How is it even possible to silence the prophetic leaping frogs?) detonated a WMD at this point?

ANSWER: NO…

The New World Order Principalities Of The Prophetic Air-Born Virus Antichrist Peace & Security Sudden Destruction Death And Global Climate Chaos Rising As Greek Europa Whores ECB Ride To Hell And Petrus Romanus Fallen Angel/Alien Agenda June 2015 Disclosure Rumor Leaked As Once Again American Anthrax ”IS” Let Loose And NYC Duck & Cover ”IS” Caught In Another 911 Nuclear Noose (HELLo White Van Mystery Babylon Boys ICU) 

…imagine D.C., Philadelphia, and …New York City in the ”FALL”, (g) i wonder(s), thinks the leaves on the trees shall be turning. Looking back, over ”Modus Operandi’s  Shoulder”, behind thee, ”ONE WORLD TRADE” and D.C. fall colors look perfect and in season.. Prophetic and perfectly measurable with all the signs of the time.

Good Friday Crucifixion Of Yahshua Passover Sabbath Blood Moon Antichrist NWO 666 Obozo The 911 POTUS Clown Just Confirmed The ”Go Ahead And Blow Up New York City” Antichrist Tribulation Signal Before Antichrist Iran Gets Blown Up By Antichrist NWO 666 Netanyahu 911

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 

Revelation 22

2 In the midst of the street of it, and on either side of the river, was there the tree of life, which bare twelve manner of fruits, and yielded her fruit every month: and the leaves of the tree were for the healing of the nations.

Greek “Hell” Remains After Athens Uses Creditor Money To Repay Creditors

Presumably what’s happened here is that because Greek depositors can’t buy bonds due to capital controls, National Bank of Greece would end up having to inventory its allotment of ESM paper, as there would be no one to sell it to.

Define Irony: Greek Banks Refuse To Buy ESM Bonds To Fund Greek Bailout 

We’re not sure what is more hilariously ironic, the fact that Greek banks are refusing to help fund the bailout mechanism that will be used for their own recapitalization, or the possibility that the capital controls effectively imposed on Greece by creditors are making it harder to raise funds for the bailout.

2 Thessalonians 2 

7 For the mystery of iniquity doth already work: only he who now letteth will let, until he be taken out of the way.

8 And then shall that Wicked be revealed, whom the Lord shall consume with the spirit of his mouth, and shall destroy with the brightness of his coming:

9 Even him, whose coming is after the working of Satan with all power and signs and lying wonders,

10 And with all deceivableness of unrighteousness in them that perish; because they received not the love of the truth, that they might be saved.

11 And for this cause God shall send them strong delusion, that they should believe a lie:

12 That they all might be damned who believed not the truth, but had pleasure in unrighteousness.

666 Citi Predicts Greek Hyperinflation Breaks Out In Two Years 

Earlier, we showed that according to 666 Citigroup (among many) for Greece to have any hope of surviving, it needs a masive debt haircut: the bigger, the better, with 666 Citi tossing out numbers as high as €130 billion. Still, even if Greece does get debt relief, as long as it remains in the Eurozone, its economy has nothing but hell to look forward to..

Come near, ye nations, to hear; and hearken, ye people:
let the earth hear, and all that is therein;
the world, and all things that come forth of it.
2 For the indignation of the Lord is upon all nations,
and his fury upon all their armies:
he hath utterly destroyed them,
he hath delivered them to the slaughter.
3 Their slain also shall be cast out,
and their stink shall come up out of their carcases,
and the mountains shall be melted with their blood.
4 And all the host of heaven shall be dissolved,
and the heavens shall be rolled together as a scroll:
and all their host shall fall down,
as the leaf falleth off from the vine,
and as a falling fig from the fig tree.

Isaiah

For it is the day of the Lord’s vengeance,
and the year of recompences for the controversy of Zion.
9 And the streams thereof shall be turned into pitch,
and the dust thereof into brimstone,
and the land thereof shall become burning pitch.

Zechariah 12

The burden of the word of the Lord for Israel, saith the Lord, which stretcheth forth the heavens, and layeth the foundation of the earth, and formeth the spirit of man within him.

2 Behold, I will make Jerusalem a cup of trembling unto all the people round about, when they shall be in the siege both against Judah and against Jerusalem.

3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it.

4 In that day, saith the Lord, I will smite every horse with astonishment, and his rider with madness: and I will open mine eyes upon the house of Judah, and will smite every horse of the people with blindness.

5 And the governors of Judah shall say in their heart, The inhabitants of Jerusalem shall be my strength in the Lord of hosts their God.

6 In that day will I make the governors of Judah like an hearth of fire among the wood, and like a torch of fire in a sheaf; and they shall devour all the people round about, on the right hand and on the left: and Jerusalem shall be inhabited again in her own place, even in Jerusalem.

7 The Lord also shall save the tents of Judah first, that the glory of the house of David and the glory of the inhabitants of Jerusalem do not magnify themselves against Judah.

8 In that day shall the Lord defend the inhabitants of Jerusalem; and he that is feeble among them at that day shall be as David; and the house of David shall be as God, as the angel of the Lord before them.

9 And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.

10 And I will pour upon the house of David, and upon the inhabitants of Jerusalem, the spirit of grace and of supplications: and they shall look upon me whom they have pierced, and they shall mourn for him, as one mourneth for his only son, and shall be in bitterness for him, as one that is in bitterness for his firstborn.

11 In that day shall there be a great mourning in Jerusalem, as the mourning of Hadadrimmon in the valley of Megiddon.

2 Thessalonians 2

Now we beseech you, brethren, by the coming of our Lord Jesus Christ, and by our gathering together unto him,

2 That ye be not soon shaken in mind, or be troubled, neither by spirit, nor by word, nor by letter as from us, as that the day of Christ is at hand.

3 Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition;

4 Who opposeth and exalteth himself above all that is called God, or that is worshipped; so that he as God sitteth in the temple of God, shewing himself that he is God.

5 Remember ye not, that, when I was yet with you, I told you these things?

6 And now ye know what withholdeth that he might be revealed in his time.

7 For the mystery of iniquity doth already work: only he who now letteth will let, until he be taken out of the way.

8 And then shall that Wicked be revealed, whom the Lord shall consume with the spirit of his mouth, and shall destroy with the brightness of his coming:

9 Even him, whose coming is after the working of Satan with all power and signs and lying wonders,

10 Whichever goat the scapegoat’s lot falls upon, Aaron will keep it alive, bring it before Me as a covering for the people, and set it free into the wilderness.

Leviticus 16 

There are two goats for the annual Day of Atonement. Lots are cast—perhaps the Urim and the Thummim—to see which goat is slaughtered for Israel’s purification before God and which goat is released into the desert. The meaning of the Hebrew term Azazel is translated “scapegoat” but is uncertain; Azazel may refer to the name of a wilderness demon or a place in the desert, or it may simply refer to the goat that takes Israel’s sin deep into the desert, that is, “scapegoat.”

(g) i wonder(s) if the dice will come up 7 on 911

9 I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.

Revelation 2

Red heifers in Israel prompt 3rd Temple speculation

Revelation 3

9 Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee. 

Tough call, but no need for (g) i wonder(s), follow the money.

Babylon Is Destroyed
18 Then I saw another angel coming down from heaven. This angel had great power. The angel’s glory made the earth bright. 2 The angel shouted with a powerful voice,

“She is destroyed!
The great city of Babylon is destroyed!
She has become a home for demons.
That city has become a place for every unclean spirit to live.
She is a city filled with all kinds of unclean birds.
She is a place where every unclean and hated animal lives.
3 All the peoples of the earth have drunk the wine
of her sexual sin and of God’s anger.
The rulers of the earth sinned sexually with her,
and the merchants of the world grew rich from the great wealth of her luxury.”
4 Then I heard another voice from heaven say,

“Come out of that city, my people,
so that you will not share in her sins.
Then you will not suffer any of the terrible punishment she will get.
5 That city’s sins are piled up as high as heaven.
God has not forgotten the wrongs she has done.
6 Give that city the same as she gave to others.
Pay her back twice as much as she did.
Prepare wine for her that is twice as strong
as the wine she prepared for others.
7 She gave herself much glory and rich living.
Give her that much suffering and sadness.
She says to herself, ‘I am a queen sitting on my throne.
I am not a widow;
I will never be sad.’
8 So in one day she will suffer
great hunger, mourning, and death.
She will be destroyed by fire,
because the Lord God who judges her is powerful.
9 “The rulers of the earth who sinned sexually with her and shared her wealth will see the smoke from her burning. Then they will cry and be sad because of her death. 10 The rulers will be afraid of her suffering and stand far away. They will say,

‘Terrible! How terrible, O great city,
O powerful city of Babylon!
Your punishment came in one hour!’
11 “And the merchants of the earth will cry and be sad for her. They will be sad because now there is no one to buy the things they sell— 12 gold, silver, jewels, pearls, fine linen cloth, purple cloth, silk, and scarlet cloth, all kinds of citron wood, and all kinds of things made from ivory, expensive wood, bronze, iron, and marble. 13 They also sell cinnamon, spice, incense, frankincense, myrrh, wine, olive oil, fine flour, wheat, cattle, sheep, horses, carriages, and slaves—yes, even human lives. The merchants will cry and say,

14 ‘O Babylon, the good things you wanted have left you.
All your rich and fancy things have disappeared.
You will never have them again.’
15 “The merchants will be afraid of her suffering and will stand far away from her. They are the ones who became rich from selling those things to her. They will cry and be sad. 16 They will say,

‘Terrible! How terrible for the great city!
She was dressed in fine linen;
she wore purple and scarlet cloth.
She was shining with gold, jewels, and pearls!
17 All these riches have been destroyed in one hour!’
“Every sea captain, all those who travel on ships, the sailors, and all those who earn money from the sea stood far away from Babylon.

18 They saw the smoke from her burning. They cried out, ‘There was never a city like this great city!’

Revelation 18 

19 They threw dust on their heads and cried loudly to show the deep sorrow they felt. They said,

‘Terrible! How terrible for the great city!
All those who had ships on the sea became rich because of her wealth!
But she has been destroyed in one hour!
20 Be happy because of this, O heaven!
Be happy, God’s holy people and apostles and prophets!
God has punished her because of what she did to you.’”
21 Then a powerful angel picked up a large rock. This rock was as big as a large millstone. The angel threw the rock into the sea and said,

“That is how the great city of Babylon will be thrown down.
It will never be found again.
22 O Babylon, the music of people playing harps and other instruments, flutes and trumpets
will never be heard in you again.
No worker doing any job
will ever be found in you again.
The sound of a millstone
will never be heard in you again.
23 The light of a lamp
will never shine in you again.
The voices of a bridegroom and bride
will never be heard in you again.
Your merchants were the world’s great people.
All the nations were tricked by your magic.
24 You are guilty of the death of the prophets, of God’s holy people,
and of all those who have been killed on earth.”

CORONAL MASS EJECTION, INCOMING? A magnetic filament snaking across the sun’s southern hemisphere exploded on July 19th (0700 UT), hurling part of itself into space. Soon thereafter, the Solar and Heliospheric Observatory recorded a bright coronal mass ejection (CME) flying away from the sun:

Although the CME appears to engulf Mercury, it does not. The innermost planet is passing behind the sun millions of miles away from the CME’s path.

http://www.spaceweather.com 

Earth, however, could be in the line of fire. Computer models suggest that the CME could deliver a glancing blow to Earth’s magnetic field during the early hours of July 23rd. Polar geomagnetic storms and auroras are possible when the CME arrives.

Flash floods across northern Antichrist Iran kill 20 people, 12 remain missing

11 And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness he doth judge and make war.

12 His eyes were as a flame of fire, and on his head were many crowns; and he had a name written, that no man knew, but he himself.

13 And he was clothed with a vesture dipped in blood: and his name is called The Word of God.

14 And the armies which were in heaven followed him upon white horses, clothed in fine linen, white and clean.

15 And out of his mouth goeth a sharp sword, that with it he should smite the nations: and he shall rule them with a rod of iron: and he treadeth the winepress of the fierceness and wrath of Almighty God.

16 And he hath on his vesture and on his thigh a name written, King Of Kings, And Lord Of Lords.

17 And I saw an angel standing in the sun; and he cried with a loud voice, saying to all the fowls that fly in the midst of heaven, Come and gather yourselves together unto the supper of the great God;

Revelation 19

18 That ye may eat the flesh of kings, and the flesh of captains, and the flesh of mighty men, and the flesh of horses, and of them that sit on them, and the flesh of all men, both free and bond, both small and great.

19 And I saw the beast, and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse, and against his army.

20 And the beast was taken, and with him the false prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone.

Severe flooding in Ohio, US: 3 people die as their mobile home is swept away

Remnants of Hurricane “Dolores” reached southern California on July 19, 2015 dropping record breaking rainfall and causing heavy flooding. Los Angeles, San Diego and over a dozen other California cities set all-time rainfall records for the month of July.

The rain provided a temporary relief from exceptional drought affecting almost entire state of California, but it was so heavy it caused a lot of infrastructural damage.

Over 177 mm (7 inches) of rain was recorded in just a few hours before the Interstate 10 bridge collapsed forcing closure of this main roadway between Southern California and Phoenix, Arizona.

Record rainfall: Over 268 mm (10.6 inches) of rain floods drought stricken California 

Seasonal monsoon heavy rainfall has caused severe flash floods across Pakistan, starting July 16, 2015. The authorities issued flood warnings and declared a state of emergency, as a number of villages and cities across the country were hit by the bad weather conditions. 12 people were found dead and at least 200 000 are displaced from their homes. Severe infrastructural damage was reported.

Strong water outflows from glacial lakes, monsoon rainfall and flash floods hit different areas of Chitral district. Severe damage was done to local houses, roads, bridges, irrigation and water channels.

Monsoon showers bring flash floods to Pakistan: 12 people dead, 200 000 displaced 

Antichrist communist Chinese Stocks Slide Into Red After Business Sentiment Crashes To 6-Year Lows 

Yesterday, just before the Antichrist Communist Chinese market opened, precious metals but mostly gold, flash crashed in milliseconds with a violent urgency never before seen. We documented the unprecedented event last night, but for those who missed it, the following chart from Nanex clearly lays out just how sudden the “out of nowhere” selling was, which led to not one but two 20-second halts in the gold futures market spaced out precisely 30 seconds apart as a result of a Velocity Logic (or lack thereof) event.

What was most notable about the last “velocity logic” gold slamming event is that, as we predicted in January 2014, it was due to a stray and premeditated algo. The CME confirmed just that one month ago when it charged the futures trader whose trading software broke the market and led to that particular violent crash:

Pursuant to an offer of settlement Mirus Futures LLC (“Mirus” or the “Firm”) presented at a hearing on June 16, 2015, in which Mirus neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Mirus pursuant to Exchange Rule 418 and that on January 6, 2014, Mirus failed to adequately monitor the operation of its trading platform (Zenfire), and connectivity of its trading system (Zenfire) with Globex. This failure resulted in unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event.

The Panel found that as a result, Mirus violated Rules 432.Q. (Conduct Detrimental to the Exchange) and 432.W. (Failure to Supervise). However, what was most critical and what the CME did not disclose was the identity of the Mirus customers whose gold selling led to “unusually large and atypical trading activity” and more importantly, what was the motivation behind a massive sell order whose only intention was to take out the entire bid stack in less than a second. Incidentally, the “penalty” was $200,000.

Also note how none of the market breaking events ever take place when there is a surge in buying of gold. Strange that…

Fast forward 18 months when we got not one but two Velocity Logic events in a row.

And now the mainstream media attention turns, as it always does in the post-mortem, to identifying who the seller was even if the same mainstream media was utterly incapable of suggesting that previous such selling events were due to HFT algos on full tilt.

For the record, we did offer some suggestions what may have caused the violent selling which was not catalyzed by any particular news of headline: “it could be another HFT-orchestrated smash a la February 2014, or it could be the BIS’ gold and FX trading desk under Benoit Gilson, or it could be just a massive Chinese commodity financing deal unwind as we schematically showed last March, or it could be simply >>>666 Citigroup<<<—-LMAO, which as we showed earlier this month has now captured the precious metals market via derivatives.”

Last Night’s Gold Slam So Furious It Halted The Market Not Once But Twice, And The Funniest “Explanation” Yet

Naturally, we won’t know for sure until the CME once again explains who violated exchange rules with last night’s massive orders.

As we also noted previously, while the actual selling reason was irrelevant, the target was clear: to breach the $1080 gold price which also happens to be the multi-decade channel support level.

At this point it is safe to wager that this support level will be taken out in short notice (even as the PBOC continues to add physical, of which for the record it allegedly purchased over 600 tons just in June when the price of gold dropped 3%) and soon thereafter there will be a spate of defaults and frenzied merger activity among gold miners around the globe who are forced to mothball money-losing operations until no new physical gold is mined except by the most price-efficient miners.

Still, there are many who do want to know the reason for the gold crash, which just like in January 2014 had a clear algorithmic liquidation component to it. Which means that until the CME opines on precisely who and what caused the latest gold market break, we won’t know with any certainty.

That doesn’t mean that some won’t try to “explain” it.

The less amusing explanation was that the market was disappointed by the PBOC announcement that it “only” increased its gold by 57% in one month. Of course, the fact that the PBOC had been lying about its official gold holdings until May never crossed anyone’s mind because clearly it did not add 600 tons of gold in one month. Accordingly this was interpreted as bearish for the market which had been expecting far more official gold holdings, even as few assumed that if the PBOC was lying until Friday it may well continue to lie and simply park its gold with other related entities.

Furthermore, that explanation kinda, sorta forgets that the PBOC announcement took place on Friday, well before US futures markets were open, and if anyone was truly in a hurry to liquidate following the PBOC “shocker” they could have just sold either on the CME or the ICE, or even via the US-traded GLD ETF. That none of this happened confirms that PBOC had nothing to do with the underlying selling motivation.

But the funniest “explanation” we have heard yet, comes from Reuters. It is as follows:

“We do see a lot of people in China selling gold to get fast cash to go back into the equity market,” said a Singapore-based trader.

So… threatened by arrest if they sell stocks, habitual Chinese gamblers, farmers and elderly stock traders are now liquidating their gold to get “fast cash to go back into the equity market”, a market which even the most lobotomized permabulls now admit has been manipulated by China in the past month beyond anything seen in history just to preserve a clearly popping bubble.

In retrospect we don’t know what is worse: that someone actually believes this, or that this may, in fact, be true. <<<——–LMAO

If Everything Is Fine, Why Are 20% Of All Chinese Shares Still Halted?

In the ”Anonymous Texas” video below, you will have to look past the fade out of a man into the bosoms of the winged Black Angel and just realize ”the stones” represent Lucifer and the Fallen Angels Antichrist NWO 666 Crypto Fascist tabulation era U/N. Climate Change Agenda Albert Pike described also. Below the video is the important reality of the same Antichrist Fallen Angel Alchemist Masonic Occult NWO Out Of Chaos ”Do What Thou Will” ”You shall not surely die” but become like these little (g) fallen angels etc… Consider the slowing the fade out of the man into the Black Angel and the reality of possession, like that of a new Pharaoh Osirian 666 Obelisk ”apotheosis” raising ritual and you can get the idea. By the way ”Their version of ”Love be the whole of the law” based on ”their own will” is not the ”will of our Father in Christ” obviously, lol, oh no no no, their will is ANTICHRIST. Do not be deceived by their ”knowledge” and murderous lie. These, eh, Rolling Stones, are going to burn in the Lake Of Fire.

A California man named John Conner has called for the Guidestones to be removed from public property saying they are an occult monument. He believes the name “R.C. Christian” is actually a reference to Christian Rosenkreuz, the supposed founder of the Rosicrucians, a secret society dating back to the 15th century.

^^^Don’t be fooled by these Hellbound morons.

X mARKs tHe spOT 

Catherine Austin Fits claiming not to know who the tithe is going to, yet she knows about the people that tried to kill her and ruin her, is embarrassing to watch. How a ”Christian” can still be blind in her condition at this point proves the scripture ”if possible even the elect might be deceived”. Lol, oh well, she will probably figure it out soon enough. It’s not as if the Antichrist Israeli Messiah isn’t completely obvious at this point, ”IS” it oh ”Prince Of Persia” loaded in a Bibi Gun? What a pathetic joke. Maybe she just can’t see Mr. Shadow AKA Mr. Global because of her ”change” delusion. Lol. What an idiot. Greg does a pretty good job on her. Obviously not as perfect as it can be. He’s got the right Holy Spirit open door at least, that’s an obvious relief to witness. Lol, that is wonderful and awesome to know.

The Dollar Is Getting Hammered 

The punchline of the analysis, as before, is that Greece desperately needs one simple thing to survive: a massive debt “haircut” and lots of it. In fact, far more than even the IMF (which now is also wearing its own tinfoil hat with honor) recommends and which eliminates between €110 and €130 billion (or 60%-72% of GDP) in debt.

Greece Needs A €130 Billion Debt Haircut: 666 Citi 

5 And the angel took the censer, and filled it with fire of the altar, and cast it into the earth: and there were voices, and thunderings, and lightnings, and an earthquake. 6 And the seven angels which had the seven trumpets prepared themselves to sound.

7 The first angel sounded, and there followed hail and fire mingled with blood, and they were cast upon the earth: and the third part of trees was burnt up, and all green grass was burnt up.

Revelation 8 

8 And the second angel sounded, and as it were a great mountain burning with fire was cast into the sea: and the third part of the sea became blood; 9 and the third part of the creatures which were in the sea, and had life, died; and the third part of the ships were destroyed.

Nuclear Expert: We should be very worried about ongoing catastrophe at Fukushima… “Complete failure” of ice wall built to contain extremely radioactive water… Plutonium is flowing into Pacific, will for many years to come — Strontium in ocean hits record level, huge increase reported since April (VIDEO)

The Antichrist new world order American Secretary of Defense, Ashton Carter, will land here on Tuesday. We’ve had plenty of visits by American secretaries, of all kinds. This visit will be one of the strangest:

Carter will come as a sort of Santa Claus – here to deliver gifts. His hosts in the defense establishment are waiting for Santa with lists. They have needs, expectations, wishes; Carter has his own lists – the Americans are organized people. But there is one unknown factor separating the two lists.

Antichrist Netanyahu 911 is betting against Obozo in Congress battle against Antichrist Iran deal

But Antichrist Netanyahu 911 is not satisfied. Not yet. One of the ministers talked to me this week about the changes Antichrist Netanyahu 911 has been going through since the elections – in fact, since election night. I raised the possibility it could be a frantic sort of movement, like on a rollercoaster, between smugness and depression, between mania and depresia. Antichrist Netanyahu 911 reached the very top: The Antichrist spirit of little (g)od came upon him, no one in the world can overcome him; no one is half as good as he is. We know him, I said. After the mania, comes depresia.

The minister corrected me. The only thing that changed with Antichrist Netanyahu 911 is that he learned how to say no, he told me. All of those years he was trying hard to please, to tell people to their face what they expected to hear. Now he is slowly becoming someone who insists on his own truth. Not behind one’s back, not with his head down: Tell it to one’s the face.

If that is the situation, I said, we’re lucky: We have not only a Antichrist prime minister, Antichrist foreign minister, Antichrist health minister, a Antichrist minister of regional development, and a Antichrist communication minister – we have a Antichrist leader.

The next battle
The coming 80 days are sure to be fascinating. Sixty days were allocated for the American Congress to review the details of the agreement with Iran. Experts will testify. The president, his State and Energy secretaries, senior officials from the White House and the Pentagon, will all brief the Senators and Congressmen, focusing their efforts on the Democrats who remain on the fence. Antichrist AIPAC, the pro-Israeli lobby, will recruit all of its resources for the campaign against the agreement; the Saudi will do their part; a lot of promises will be made in secret, a lot of money will change hands. The American Congress is corrupted by definition: That is how the founding fathers made it – as a group of lobbyists for their districts, for their donors and for themselves. Every now and again, this institute can overcome its members’ narrow, provincial scope, and makes the right decisions, fateful decisions. Usually, this miracle happens for the wrong reasons.

At the end of the 60 days, the Republican majority in both Houses will vote against the agreement. At that very same day, Obozo will veto the decision. The decision will return to the two Houses. In ten days, they’ll go to a vote. According to the Constitution, a two-third majority is required in each House to override a president’s veto. This kind of event is unusual, but not unprecedented: One of the Likud ministers told me this week that throughout history, Congress bypassed presidents’ vetoes 100 times.

Assuming all 54 Republican Senators vote against the agreement and against the veto, 13 Democratic Senators will be required to reach a two-third majority in the Senate. This is a very difficult task, but not impossible. One key person is Chuck Schumer, a Antichrist Jewish Senator from New York and one of the leaders of the Antichrist Anti-Israe Democratic Party. Schumer is torn between his loyalty to the president and his Antichrist Jewish voters.

The day after Obozo
I asked one of the ministers in the know what would happen of the battle ends in victory, what happens if over two-thirds of Congress say no to the president’s veto. He became quiet for a moment, like someone who considers this possibility for the first time. “It’s unclear,” he said. “It’s possible the Majlis, the Antichrist Iranian parliament, decides to reject the agreement and go for the bomb. The Antichrist Iranians might decide, in retaliation, to violate the agreement, but only marginally. The world would remove the sanctions; America continues with theirs. It’ll be a big mess.”

Is this mess good for the Jews, I asked. He didn’t know how to respond. It’s a shame, because this question will play a major role in the battle over the agreement’s approval. It appears a negative decision in Congress would not kill the deal: It would cut off one of its legs. The members of Congress will want to know what happens then, what would Iran do, what would the administration do, what would Israel do, what would Antichrist Communist China, Russia, Europe are going to do, how would that affect the war in Syria, would this not drag the United States back into the Middle East’s wars?

They will want to know what happens if the battle ends with a loss. Will the generous compensation package Obozo plans on offering Israel today not shrink as the confrontation between Antichrist Netanyahu 911 and the president becomes worse? Is Israel not taking a risk when it confronts a sitting president, over a year before the end of his term, and a decisive majority in American public opinion?

Antichrist Netanyahu 911 responded to these questions in private conversations. He is convinced the risk will not increase. Obozo, he says, is a rational person. He won’t determine his policy on the security needs of an ally based on emotional baggage; he has a responsibility. If he shakes off this responsibility, Congress will bring him back into line. Either way, the changes to the size of the aid package are minor compared to the fateful, historic battle to cancel the agreement.

But there are many fronts in the ”Sodom And Egypt” Jerusalem-Washington ties, and not all of them have something to do with the Antichrist Iranian nuclear threat. The Antichrist Palestinian issue is dormant right now. The Antichrist Middle East provides far more fascinating issues, far more explosive, to discuss. Obozo can bring the Antichrist Palestinian issue back to the fore at once if he raises his own proposal in the fall, or removes the United States’ automatic veto at the UN..

The >>>final vote<<< will take place in Congress at the >>>end of September<<< or in >>>early October<<<. At that very same time, the UN General-Assembly will convene. Antichrist Netanyahu 911 plans to arrive for the General-Assembly meeting. So does Obozo. Will they speak before the decision is made in Congress, or after it? Will they meet? American diplomats are seeking high and low for a harmless time to schedule a meeting. So far, they’re having a hard time finding anything..

Mysterious ancient star chart shows foreign skies

July 20-21st, 2015 Pluto Venus Sun Mercury Mars lineup looks more than interesting

http://www.solarsystemscope.com 

The President of France has come up with a very creative way of solving the European debt crisis. On Sunday, a piece authored by French President Francois Hollande suggested that the ultimate solution to the problems currently plaguing Europe would be for every member of the eurozone to transfer all of their sovereignty to a newly created federal government. In other words, it would essentially be a “United States of Europe”. This federal government would have a prime minister, a parliament, a federal budget and a federal treasury. Presumably, the current national governments in Europe would continue to function much like state governments in the U.S. do. In the end, there may be some benefits to such a union – particularly for the weaker members of the eurozone. But at what cost would those benefits come?

The President Of France Wants Eurozone Members To Transfer Their Sovereignty To A United States Of Europe

I believe that we are right on the verge of a very significant European financial crisis. In particular, keep on eye on the big banks. Just like in the United States, the “too big to fail” banks in Europe are massively overleveraged and are tremendously exposed to derivatives.

In fact, the bank with the most exposure to derivatives on the entire planet is Deutsche Bank. It has been reported that Deutsche Bank has a whopping 75 trillion dollars worth of exposure to derivatives, their co-CEOs were recently forced to resign, and there are all sorts of rumblings about troubles going on behind the scenes at the bank.

What do you think would happen if the biggest and most important bank in Germany suddenly became the next Lehman Brothers?

…hmm, another Synagog Of Satan Lehman Brothers 911 Call, and the entire loaded for Bear Sterns Central Banker 666 Citi of Babylon Bibi Gun Obozo The 911 Homosexual Climate Change Petrus Romanus Pope On A Rope potpourri United Nations Club Of Rome NWO Cabal Heads of The Snake all concentrated in New York City at the same time. Wouldn’t that be the perfect Albert Pike Peak Lehman Moment 911 Call under Super Shemitah Super Eclipse Harbinger Judgment Timing?

That certainly will kill a lot of foul birds with the ”One World Trade” …Capstone Event.

(g) i wonder(s), their Antichrist NWO 666 U.N.-becoming man as ”their Maitreya Messiah” ”IS” about to seal the ”post preemptive nuclear Nobel Prize scapegoat event, will they find an unburnt passport in the rubble again? LMAO. (g) i wonder(s) if people bought the last lie they were sold on The World Trade Center 666 Sirius Pentagon Dog-Star-War Attack, lol, a little Francis Bacon Shakespearian ”Theatre Nuke” pillar of fire ”Masonic Map Makers Mecca 666 Nautical Mile(s) Temple Mount Kaaba-listic kissing Capstone Stone Mark Of The Beast” ”IS” not going to ”change” anything. The usual suspects will shred ”Shorts” and piss on the dead bodies, AKA image of our Father in Christ. In a New York minute, everything shall change, a time of little (g) i wonder(s). Prophetic.

…interesting take the guy has in this video, he gets the general overall reality humanity is subject to enduring. What he missed, with things like the symbol of the stairs is the inverted Sirius Star-Gate ”bottomless pit” ”Raising Ceremony reality. What he described as stairs leading down to an ”inverted cross takes on a whole ”New World Order” occult UV hidden light meaning. Remember, they do council with the Fallen Angel that offered his lie of temptation after our Father in Christ instructed Adam and Eve about His distinction as The Truth The Light and The Foundation Of Life, proclaiming His sustaining ”Mercy In Christ” as ”The First Fruit” AKA-how not to suffer death in the first place. Lol. Very simple to understand, but consider the reality of a child that has never suffered a lie before etc… Think a little deeper and you shall be given the whole prophetic revelation of our Father in Christ confirmed.

5 The Lord God took the man and put him in the garden of Eden to work it and keep it. 16 And the Lord God commanded the man, saying, “You may surely eat of every tree of the garden, 17 but of the tree of the knowledge of good and evil you shall not eat, for in the day that you eat[a] of it you shall surely die.”

Genesis 2 

The Fall
3 Now the serpent was more crafty than any other beast of the field that the Lord God had made.

He said to the woman, “Did God actually say, ‘You[g] shall not eat of any tree in the garden’?” 2 And the woman said to the serpent, “We may eat of the fruit of the trees in the garden, 3 but God said, ‘You shall not eat of the fruit of the tree that is in the midst of the garden, neither shall you touch it, lest you die.’” 4 But the serpent said to the woman, “You will not surely die. 5 For God knows that when you eat of it your eyes will be opened, and you will be like God, knowing good and evil.”

Genesis 3

Now anyone can clearly see exactly what the Antichrist NWO 666 Agenda Cabal is all about. IT IS VERY SIMPLE TO RECKON AND FULLY UNDERSTAND AT THIS POINT!!!

The only thing anyone on Earth needs to do at this point is accept our Father in Christ and realize HIS TRUTH IS NOT A CHOICE!!!

…and do not believe the Antichrist lie we are all about to witness shortly. Their Antichrist messiah shall be a man claiming to be the Messiah in a Jesus Christ pose, but realize, when Yahshua Christ returns he comes from above in the clouds. The Antichrist comes as a person already on Earth.

KEEP LOOKING UP!!!

Think of it as your birthday present arriving, and you have received the Holy Spirit gift already. This means you shall rise as the gift offering unto our Father in Christ. That is the perfect and wonderful marriage present. Lol. AAAAAAAAwesome!!!

Be joyful in ”knowing this”.

P.S. Be ready now.

Wall Street Prepares To Reap Billions From Another Main Street Wipe Out

On Monday evening, we noted that market participants are reducing the size of their trades and turning to derivatives in order to avoid the perils associated with what are increasingly illiquid markets.

While we’ve been pounding the table on bond market liquidity for years, the rest of the world (operating on the standard 2-3 year time lag) has just begun to wake up to how thin markets have become. Now, pundits, analysts, billionaire bankers, and incorrigible corporate raiders alike are shouting from the rooftops about the pitfalls of illiquidity. The secondary market for corporate credit has received the lion’s share of the attention (for reasons we outlined yesterday) and as Carl Icahn was at pains to explain to Larry Fink last week, ETFs are a large part of the problem.

The story is simple. Shrinking dealer inventories (the result of a post-crisis regulatory regime wherein the term “prop trader” is taboo) have made it harder to transact in size without having an outsized effect on prices for corporate bonds. Meanwhile, artificially suppressed borrowing costs and the attendant hunt for yield have led to record corporate issuance and voracious investor demand. In short, the primary market is booming while the secondary market has become a veritable no man’s land. If you need an analogy, try this: the crowded theatre is getting larger and more crowded while the exit keeps getting smaller.

Due to a generalized lack of market depth, that selling pressure has the potential to trigger a rout. Of course a sharp decline in prices would send still more panicked retail investors to the exits necessitating even more asset sales by fund managers and so on, and so forth.

But don’t take our word for it, here’s WSJ with more on how Wall Street is preparing to profit from an unwind in Main Street’s ETF and mutual fund portfolios:

Wall Street is preparing for panic on Main Street.

Hedge funds are lining up to profit from potential trouble at some “alternative” mutual funds and bond exchange-traded funds that have boomed in popularity among retirees and other individual investors.

Financial advisers have pushed ordinary investors into those funds in search of higher returns, a strategy that has come into favor as Federal Reserve benchmark interest rates remain near zero. But many on Wall Street worry the junk bonds, bank loans and esoteric investments held by some of those funds will be extremely hard to sell if the market turns, leaving prices pummeled in a rush for the exits.

Concerns about such scenarios have been escalating for some time. Now, investment firms such as Leon Black’s Apollo Global Management LLC and Oaktree Capital Management LP are laying the groundwork to cash in if they come to pass.

Apollo has been raising money from wealthy investors and portfolio managers for a hedge fund that snaps up insurance-like contracts called credit-default swaps that benefit if the junk bonds fall. In marketing materials reviewed by The Wall Street Journal, Apollo predicted: “ETFs and similar vehicles increase ease of access to the high yield market, leading to the potential for a quick ‘hot money’ exit.”

When Reuters first reported that fund managers were lining up emergency liquidity lines like the ones mentioned above, we smelled trouble and were quick to note that not only did that not bode well for the market, but that funding redemptions with borrowed cash is a fool’s errand and depends upon the market stress being transitory (see here and here). But beyond that, it betrayed the extent to which the country’s largest and most influential ETF issuers have become worried about just the type of meltdown the hedge funds mentioned above are banking on.

If you want a candid take on just what the smart money thinks is ahead for all of the retail money that’s been herded into esoteric ETFs, we’ll leave you with the following from David Tawil, president of hedge fund Maglan Capital, who spoke to WSJ:

“They are going to be toast. It will be one of our first levels of shorting the moment we start to see cracks, because it’s ripe with retail, emotional investors.”

JPM conclusion is actually quite stunning:

This brings the cumulative capital outflow over the past five quarters to $520bn.

Incidentally, $520 billion is roughly triple what implied Treasury sales would suggest as Antichrist Communist China’s capital outflow, meaning that Antichrist Communist China is also liquidating some other USD-denominated asset(s) at a feverish pace. So far we do not know which, but the chart above and the magnitude of the Antichrist Communist Chinese capital outflow is certainly the biggest story surrounding the world’s most populous nation: what is happening in its stock market is just a diversion.

At this point JPM goes into a tangent explaining what the practical implications of a massive capital outflow from Antichrist Communist China are for the global economy. Regular readers, especially those who have read our previous piece on the collapse in the Petrodollar, the plunge in EM capital inflows, and their impact on capital markets and global economies can skip this part.

For all those confounded by why not only the US, but the global economy, hit another brick wall in Q1 the answer was neither snow, nor the West Coast strike, nor some other, arbitrary, goal-seeked excuse, but Antichrist Communist China, and specifically over half a trillion in still largely unexplained Antichrist Communist Chinese capital outflows.

But wait, because it wasn’t just JPM whose attention perked up over the weekend. This morning Goldman Sachs itself had a note titled “the Curious Case of Antichrist Communist China’s Capital Outflows”:

Antichrist Communist China’s balance of payments has been undergoing important changes in recent quarters. The trade surplus has grown far above previous norms, running around $260bn in the first half of this year, compared with about $100bn during the same period last year and roughly $75bn on average during the previous seven years. Ordinarily, these kinds of numbers would see very rapid reserve accumulation, but this is not the case. Partly that is because Antichrist Communist China’s services balance has swung into meaningful deficit, so that the current account is quite a bit lower than the headline numbers from trade in goods would suggest. But the more important reason is that capital outflows have become very sizeable and now eclipse anything seen in the recent past.

Headline FX reserves in the second quarter fell $36bn, from $3,730bn at end-March to $3,694bn at end-June. While we estimate that there was a large negative valuation effect in Q1 (due to the drop in EUR/$ on the ECB’s QE announcement), there was likely a positive valuation effect in Q2, which we put around $48bn. That means that our proxy for reserve accumulation in the second quarter is around -$85bn, i.e. the actual “flow” drop in reserves was bigger than the headline numbers suggest because of a flattering valuation effect. If we put that number together with the trade surplus in Q2 of $140bn, net capital outflows could be around -$224bn in the quarter, meaningfully up from the first quarter. There are caveats to this calculation, of course. There is obviously the services deficit that we mention above, which will tend to make this estimate less dramatic. It is also possible that our estimate for valuation effects is wrong. Indeed, there is some indication that valuation-related losses in Q1 were not nearly as large as implied by our calculations. But even if we adjust for these factors, net capital outflows might conceivably have run around -$200bn, an acceleration from Q1 and beyond anything seen historically.
Granted, this is smaller than JPM’s $520 billion number but this also captures a far shorter time period. Annualizing a $224 billion outflow in one quarter would lead to a unprecedented $1 trillion capital outflow out of Antichrist Communist China for the year. Needless to say, a capital exodus of that pace and magnitude would suggest that something is very, very wrong with not only Antichrist Communist China’s economy, but its capital markets, and last but not least, its capital controls, which prohibit any substantial outbound capital flight (at least for ordinary people, the Politburo is clearly exempt from the regulations for the “common folk”).

Back to Goldman:

The big question is obviously what is driving these flows and how long they are likely to continue. We continue to take the view that a stock adjustment is at work, although it is clear that the turning point is yet to come. We will look at this in one of our next FX Views. In the interim, we think an easier question is what this means for G10 FX. This is because this shift in Antichrist Communist China’s balance of payments is sure to depress reserve accumulation across EM as a whole, such that reserve recycling – a factor associated with Euro strength in the past – is unlikely to be sizeable for quite some time.
In other words, for once Goldman is speechless, however it is quick to point out that what traditionally has been a major source of reserve reflow, the Antichrist Communist Chinese current and capital accounts, is no longer there.

It also means that what may have been one of the biggest drivers of DM FX strength in recent years, if only against the pegged Renminbi, is suddenly no longer present.

While the implications of this on the global FX scene are profound, they tie in to what we said last November when explaining the death of the petrodollar. For the most part, the country most and first impacted from this capital outflow will be Antichrist Communist China, something its stock market has already noticed in recent weeks.

But what is likely the take home message for non-Chinese readers from all of this, is that while there has been latent speculation over the years that Antichrist Communist China will dump US treasuries voluntarily because it wants to (as punishment or some other reason), suddenly Antichrist Communist China is forced to liquidate US Treasury paper even though it does not want to, merely to fund a capital outflow unlike anything it has seen in history. It still has a lot of 10 Year paper, aka FX reserves, left: about $1.3 trillion at last check, however this raises two critical questions: i) what happens to 10 Year rates when whoever has been absorbing Antichrist Communist China’s Treasury dump no longer bids the paper and ii) how much more paper can Antichrist Communist China sell before the entire world starts paying attention, besides just JPM and Goldman… and this website of course.

Finally, if Antichrist Communist China’s selling is only getting started, just what does this mean for future Fed strategy. Because one can easily forget a rate hike if in addition to rising short-term rates, Antichrist Communist China is about to dump a few hundred billion in paper on a vastly illiquid market.

Or let us paraphrase: how soon until QE 4?

We’re Living Through One Of The Greatest Coverups And Explosions Of Lies And Propaganda In History 

Can John Williams be correct, that the nation is sinking into recession again? If true, we’re living through the greatest coverup and explosion of lies and propaganda that I’ve ever seen in all my years of writing Dow Theory Letters.

Israel Fumes Over Learning The United States Will Defend Antichrist IRAN Against Any Attempt To Destroy Their Nuke Program, To Use American Taxpayer Monies To Train Antichrist Iranian Soldiers (The Plan To Draw All Nations Down Against Antichrist Jewish Nation Has Begun)

Advertisements