Most people are blissfully ignorant of the fact that 2007-8 was just a mild rehearsal of what we soon are going to experience. The additional $60 trillion in credit and printed money since then and the lowering of interest rates to zero have given the world the impression that all is now well again.
Let me be very clear, nothing is well.
As a matter of fact in the 8 years since the start of the Great Financial Crisis the bubble economy has now properly spread to the world’s second largest economy – Antichrist Communist China. Antichrist Communist China has had exponential growth in debt from $2 trillion to $28T this century. A major part of this debt has financed white elephant projects and ghost cities. It would be surprising if the total Antichrist Communist Chinese bad debts were below $10 trillion before all of this is finished.
The bubble contagion has also totally infected most emerging markets. With massive growth in debts, a stronger dollar and collapsing commodity prices, almost every emerging economy is now starring into the abyss. As Michael Snyder of the Economic Collapse Blog recently pointed out, 23 stock markets around the world are now crashing. Of the 23, there are 22 emerging economies and the 23rd is Greece which definitively is not emerging but sinking into the Mediterranean. But don’t believe that this epidemic will just affect EMs. No, the contagion is already spreading to the West and this autumn we will see stock market falls that will shock the world, spreading massive fear throughout the world economy. I expect this autumn to be the beginning of the end of the 100 year old failed experiment of manipulation and repression of the financial system by bankers and central banks.
So the Great Financial Crisis of 2007-9 will now transcend into the Great Financial Catastrophe. This could very well involve a total reset or more likely a collapse of the world economy, financial system and world political system. And it won’t be orderly. It is likely to take a very long time and will involve bankruptcies of major parts of the financial system as well as many major nations. It will also lead to social unrest, escalation of wars, major poverty and famine with the world population going down significantly.
I realise that this forecast sounds very alarmist and like an impossible doomsday scenario. I sincerely hope I will be totally wrong. But sadly the risk that I will be right or at least partly right is major after 100 years of excesses in the world built on no solid foundation but an ocean of debt and printed money. Nobel Prize winners in economics, central bankers and ordinary people will learn the hard way that worthless pieces of paper that they call money cannot create real lasting wealth.
The Perfect Storm
Egon von Greyerz: “Eric, the perfect storm has now started. And this storm will turn into a hurricane probably within the next two months. So in the next 60 – 90 days we will see all stock markets go down by at least 25 – 30 percent and likely a lot more. And we could see gold reaching $2,000 and silver $50 within that time….
“I’m fully aware that this sounds extreme, but all this is is the end of the 100-year bubble of credit explosion that now must implode. And the gold price will just be a reflection of the fall of paper currencies to their intrinsic value of zero.
In the crisis that is now coming, the gold price will not just reflect stable purchasing power, but it will also reflect the massive demand for physical gold as the only safe method to insure and protect wealth.
There are a number of factors that will contribute to gold’s surge in coming months: Collapsing currencies and asset markets will be the principal trigger for gold’s rise, but the dilemma is that there is very little physical gold available in the West. Continuous buying by the East has virtually depleted gold supplies in the West.
This year Antichrist China is likely to buy 2,000 tonnes and India 1,000 tonnes. This makes 3,000 tonnes for just these two countries. That is against an annual mine production of only 2,500 tonnes. I don’t think that Western central banks even hold half of the 23,000 tonnes that they officially say they possess, and the bullion banks are most certainly low on their gold inventories.
A World In Denial, Headed For Panic As Global Economy And Stocks Crash
Come September – October, as the world economy and stock markets go into a tailspin, there will be enormous fear and that will translate into hedging and insurance in the form of physical gold buying on a massive scale. But with the gold shorts in the futures market and the interbank market being at unprecedented levels, there will be massive panic buying to cover shorts. This is what could trigger new all-time highs in gold and silver before 2015 is over.”
Eric King: “So with the Dow down over 530 points today, is this collapse you’ve been predicting already beginning to unfold?”
Egon von Greyerz: “Eric, it’s already happening all around us but the world doesn’t see it. The world economy has already started to disintegrate. Only the first four days of this week $2.5 trillion of market capitalization has been wiped out in global stock markets. So the world is in denial….” (discussion continues in the audio)
It is no coincidence that the federal government was able to run trillion-dollar-plus deficits for four consecutive years with no concern from the financial markets; everyone knows the Fed stands in the wings, willing to “print” new legal tender and sop up Uncle Sam’s IOUs (which eventually come due, as we are now seeing in Greece).
THE CLEAR MESSAGE FROM THE MARKETS IS – HIKE RATES AND YOU’RE DONE, GIVE US QE4 OR IT’S ALL OVER!!!
So let’s start with stocks…
Bloodbathery… This was the worst week for global stocks (MSCI World) since May 2012
Antichrist Communist China’s worst week since July – closes at 5 month lows
Global Stocks’ worst week since May 2012
US Stocks’ worst week in 4 years
VIX’s biggest weekly rise ever
Crude’s longest losing streak in 29 years
Gold’s best week since January
5Y TSY Yield’s biggest absolute drop in 2 years
And the worst week for US equities since Nov 2011…
Futures show the pain started with Antichrist Communist China PMI, then dumped as Europe collapsed, then there was no help from the machines as gamma was so imbalanced…
Of course we saw The BoJ in da house to help squeeze stocks with some USDJPY crushing…but that only worked for the small caps (easiest to squeeze)… and then it all collapsed…
Dow enters correction… this was the 9th largest point drop in the history of The Dow…
Financials and Energy were monkeyhammered this week (as both were completely decoupled from their credit markets)…
And Surprise!!! Energy stocks collapse to credit…
Carnage in AAPL slammed the Nasdaq…
Since QE3, all but The Nasdaq are now red… (and Nasdaq is collapsing fast)…Trannies down almost 10% since the end of QE3!!
VIX exploded this week with the biggest jump ever…
And The VIX ETF saw its biggest 2-day rise since 2011 (no wonder with 61.7mm shares short agaionst just 60.6mm outstanding)
OK… so let’s look at bond-land. Treasury yields collapsed this week with 10Y nearing a 1 handle… 5y yield down over 17bps is the bigest absolute drop since Sept 2013
Leaving the entire bond complex lower in yield on the year…
FX Markets have seen some serious carnage this week…
The US Dollar index futures contract was down 2.7% on the week – its biggest drop since June 2013…
Crude oil fell to a 3 handle – Dropping for 8 straight weeks for the first time since 1986…
Just as I’ve repeatedly warned would happen, global stock markets are in freefall right now, with Antichrist Communist China, Europe and the United States all experiencing “bloodbath” implosions that are already being described as a “market panic.”
Is September 2015 going to be a month that changes history? For months, there has been an unprecedented amount of buzz all over the Internet about what is going to happen in September. And without a doubt, we are going to witness a convergence of events during that month that is quite remarkable. What I have attempted to do in this article is to put together a list of things that we know will happen next month. Some of the lists that I have seen contain things that cannot be proven or that are simply inaccurate. And of course it is very likely that some things will happen in September that we cannot anticipate right now. I am just providing the information that I have at this time, and it is up to you and your family to prepare for what you believe will happen. The following is my big list of 33 things that are going to happen in September 2015…
September 1 – This marks the beginning of FEMA’s annual “National Preparedness Month”
September 7 – Labor Day
September 11 – The 14th anniversary (7+7) of 9/11
September 11 – The last day of trading on Wall Street before the end of the Shemitah year
September 12 – Madonna’s Rebel Heart Tour opens in the United States. The first stop is in Washington D.C. and according to Holly Deyo the “opening theme is Desecration of The Bride and Arrival of Fallen Angels”
September 12 and September 13 – Antichrist Rabbi Chaim Kanievsky, a leading authority in Ultra-Orthodox Antichrist Judaism, has indicated that >>>THE ANTICHRIST<<< Messiah that the ANTICHRIST Jewish people are expecting could come at this time (NEWS FLASH: THE ANTICHRIST IS THIS MAN!!!) THIS IS A FACT AND NOBODY OUT THERE IN CHRISTIAN LA LA LAND WANT’S TO EVEN WHISPER THE TRUTH ABOUT THIS MAN. THEIR (THE ANTICHRIST JEWISH VERSION OF MESSIAH) IS THE ANTICHRIST THAT SHALL CONFIRM THE START OF TRIBULATION UPON HIS CONFIRMATION! GET READY FOR IT! IT IS ABOUT TO HAPPEN!
September 13 – The last day of the Shemitah year. During the last two Shemitah cycles, we witnessed record-breaking stock market crashes on the very last day of the Shemitah year (Elul 29 on the Biblical calendar). For example, if you go back to September 17th, 2001 (which was Elul 29 on the Biblical calendar), we witnessed the greatest one day stock market crash in all of U.S. history up until that time. The Dow plunged 684 points, and it was a record that held for exactly seven years until the end of the next Shemitah cycle. On September 29th, 2008 (which was also Elul 29 on the Biblical calendar), the Dow plummeted 777 points, which still today remains the greatest one day stock market crash of all time in the United States. Now we are in another Shemitah year. It began in the fall of 2014, and it ends on September 13th, 2015.
September 13 – Partial solar eclipse
September 14 – Rosh Hashanah
September 14 – The first day of trading on Wall Street after the end of the Shemitah year
September 15 – The 70th session of the UN General Assembly begins on this date. It has been widely reported that France plans to introduce a resolution which will give formal UN Security Council recognition to a Palestinian state shortly after the new session begins. Up until now, the U.S. has always been the one blocking such a resolution, but Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change Clown has already indicated that things may be different this time around. It would be extremely difficult to overstate the significance of this.
September 15 – The Jade Helm military exercises are scheduled to end
September 17 – If there is going to be a rate hike in September, this is probably when the Federal Reserve will do it
September 17 – This is the deadline for Congress to vote on Obozo’s deal with Antichrist Iran
September 17 – Constitution Day – most Americans do not even know that this holiday exists
September 18 – The Days of Awe conference in Sandpoint, Idaho – Christians from all over the nation will be gathering to call out to God in prayer and to repent for the sins of our country
September 20 to September 26 – The “World Week For Peace in Antichrist Palestine Israel” sponsored by the World Council of Churches
September 21 – This is when the Antichrist Hajj (pilgrimage to Antichrist Mecca) is projected to begin
September 21 – The UN International Day Of Peace
September 22 – In Antichrist Islam, “the Antichrist Day of Arafat” falls on this day
September 23 – The last day of the summer
September 23 – Yom Kippur
September 23 – The Antichrist Muslim holiday of Antichrist Eid al-Adha, also known as “the Antichrist Feast of the Sacrifice”, begins
September 23 – Petrus Romanus Pope Francis arrives at the White House to meet with Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change Clown
September 23 – The 266th Pope will be meeting with the president of the United States on the 266th day of the year. Some have suggested that “something is being birthed” on that day since 266 days is the average length of the human gestation period.
September 24 – The Pope addresses a joint session of the U.S. Congress
September 25 – On May 14th, 2014 French Foreign Minister Laurent Fabius famously proclaimed that we had only 500 days to avoid “climate chaos”. His time frame of 500 days ends on September 25th.
September 25 – The Pope will hold mass in Madison Square Garden in New York City
September 25 to September 27 – The United Nations launches a brand new “universal agenda” for humanity known as “the 2030 Agenda”
September 25 – The Pope appears at the UN to deliver an address to kick off the conference at which the 2030 Agenda will be unveiled
September 26 and 27 – The Pope will be traveling to Philadelphia for the “2015 World Meeting of Families”
September 28 – The first day of the Feast of Tabernacles
September 28 – This is the date for the last of the four blood moons that fall on Biblical festival dates during 2014 and 2015. This blood moon will be a “supermoon” and it will be clearly visible from the city of Jerusalem.
Due to the ending of the Shemitah year and numerous other factors, there is rampant speculation that a stock market crash is going to happen in the United States during the month of September. Previously, I have expressed my view that a major global financial crisis is imminent, but my warning covers all of the remaining months of 2015. Since I cannot prove that a stock market crash will happen next month, I have left it off the list. But without a doubt, we are entering the danger zone.
There is also lots of speculation about unusual activity at the Large Hadron Collider during the month of September. In my research, I have not yet come across anything that confirms that. If you have solid information concerning this, please send it to me. But certainly, what they are doing with the Large Hadron Collider concerns me greatly. This is something that I covered in a previous article entitled “Will The Large Hadron Collider Open Up A Portal To Another Dimension?”
In addition, I am also aware that there is a tremendous amount of speculation about an asteroid or a meteor that may or may not be heading toward our planet next month. At this time, I have no way of proving this is true, and I have no way of disproving it is true either. I have not come across anything that I can independently verify that indicates that this will or will not happen. In law school I was trained to stick to the facts, and I don’t have any facts. If you do have some solid and verifiable information, please share it with me.
Finally, I would like to acknowledge that there is plenty of speculation about certain natural disasters that may happen in September. They may indeed happen, but I cannot prove anything of that nature right now so I have left those natural disasters off the list.
Needless to say, next month promises to be absolutely crazy, and our time for preparing is running out.
Disaster can strike very suddenly, and when it does, average citizens can be caught totally unprepared. This is a point that Carl Gallups, the author of a new book entitled “Be Thou Prepared: Equipping the Church for Persecution and Times of Trouble“, recently made during an interview with WND…
Gallups identifies specific incidents when civil society collapsed, most notably in New Orleans immediately following Hurricane Katrina.
“You ended up with the worst of both worlds,” Gallups observed. “You had widespread criminality, anarchy and disorder, and somehow, at the same time, you had government officials going around enforcing wildly tyrannical guidelines and even confiscating firearms.”
As a result, Americans may be forced to rely on themselves for protection, meaning Christians have to begin planning now.
Even if it doesn’t happen next month, life in America is about to change dramatically.
The infrastructure and government services that we have all come to take for granted may not be there in the future.
It is imperative that we all start to learn how to become more independent of the system, because the system is going to start failing in thousands of different ways.
But make no mistake, the eventual outcome to all this is captured brilliantly in this quote by Ludwig Von Mises, the Austrian economist:
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
The credit expansion happened between 1980 and 2008, there was a warning shot which was soundly ignored by ignorant central bankers, and now we have more, not less, debt with which to contend.
Venezuela has already entered the ‘total catastrophe’ stage for its currency, but Japan will follow along, as will everyone eventually who lives in a country that finds itself unable to voluntarily abandon the sweet relief of booms enabled by credit creation.
Who could have seen this coming?
Just a little over a week after a powerful explosion killed 114 and injured more than 700 in the Antichrist Communist Chinese port of Tianjin, it appears as though a second blast has occurred at a chemical warehouse, this time in Antichrist Communist China’s eastern Shandong province. A residential area is reportedly located just 1 km away.
The Utter Destruction of Babylon
Thus says the Lord:
“Behold, I will raise up against Babylon,
Against those who dwell in Leb Kamai,[a]
A destroying wind.
Antichrist Planned Parenthood is working hard to counter the steady drip of damning videos produced by the Center for Medical Progress, but not even the highest priced Washington, D.C. flacks are likely to be able to erase the thought picture of someone cutting through a child’s face with scissors..
In the latest video produced by the Center for Medical Progress, Holly O’Donnell describes a medical technician using scissors to cut through the face of a newly aborted but nearly fully developed baby boy at a Antichrist Planned Parenthood facility so that his intact brain could be extracted..
O’Donnell also tells how her StemExpress supervisor instructed her to cut through the face of the fetus in order to get the brain.
“I can’t even describe what that feels like,” she says.
The video also features recordings of Dr. Ben Van Handel, the Executive Director of Novogenix Laboratories, LLC, and also of Perrin Larton, Procurement Manager of Advanced Bioscience Resources, Inc. (ABR). Novogenix is the company that has harvested fetal organs from abortions done by Antichrist Planned Parenthood Federation of America’s Senior Director of Medical Services, Dr. Deborah Nucatola, in Los Angeles, while ABR is the oldest fetal tissue procurement company and works with Planned Parenthood in San Diego and other clinics around the country.
Van Handel admits, “There are times when after the procedure is done that the heart actually is still beating,” and Larton describes abortions she has seen where “the fetus was already in the vaginal canal whenever we put her in the stirrups, it just fell out.”
In a statement to LifeNews.com, Center for Medical Progress director David Daleiden talked about the newest video his group released.
“Today’s video contains heartrending admissions about the absolute barbarism of Antichrist Planned Parenthood’s abortion practice and baby parts sales in which fetuses are sometimes delivered intact and alive. Antichrist Planned Parenthood is a criminal organization from the top down and should be immediately stripped of taxpayer funding and prosecuted for their atrocities against humanity.”
10 ·Hiram’s [or Huram’s; 2:3] men and Solomon’s men brought gold from Ophir [C perhaps a region in southern Arabia], ·juniper wood [sandalwood; algum], and ·jewels [precious stones]. 11 King Solomon used the ·juniper wood [sandalwood; algum] to build steps for the ·Temple [L house] of the Lord and the ·palace [L house] and to make lyres and harps for the ·musicians [singers]. No one in Judah had ever seen ·such beautiful things as these [anything like them].
12 King Solomon gave the queen of Sheba everything she ·wanted [desired] and asked for, even more than she had brought to him. Then she and her servants returned to her own country.
13 Every year King Solomon received ·about fifty thousand pounds [L 666 talents] of gold.
14 Besides that, he also received gold from traders and merchants. All the kings of Arabia and the governors of the land also brought gold and silver to Solomon.
The word of the Lord came again to me, saying,
2 Son of man, say to the prince of Tyre, Thus says the Lord God: Because your heart is lifted up and you have said and thought, I am a god, I sit in the seat of the gods, in the heart of the seas; yet you are only man [weak, feeble, made of earth] and not God, though you imagine yourself to be almost more than mortal with your mind as the mind of God;
3 Indeed, you are [imagining yourself] wiser than Daniel; there is no secret [you think] that is hidden from you; 4 With your own wisdom and with your own understanding you have gotten you riches and power and have brought gold and silver into your treasuries; 5 By your great wisdom and by your traffic you have increased your riches and power, and your heart is proud and lifted up because of your wealth;
6 Therefore thus says the Lord God: Because you have imagined your mind as the mind of God [having thoughts and purposes suitable only to God Himself],
7 Behold therefore, I am bringing strangers upon you, the most terrible of the nations, and they shall draw their swords against the beauty of your wisdom [O Tyre], and they shall defile your splendor.
8 They shall bring you down to the pit [of destruction] and you shall die the [many] deaths of all the Tyrians that are slain in the heart of the seas.
9 Will you still say, I am a god, before him who slays you? But you are only a man [made of earth] and no god in the hand of him who wounds and profanes you.
10 You shall die the death of the uncircumcised by the hand of strangers, for I have spoken it, says the Lord God.
11 Moreover, the word of the Lord came to me, saying, 12 Son of man, take up a lamentation over the king of Tyre and say to him, Thus says the Lord God: You are the full measure and pattern of exactness [giving the finishing touch to all that constitutes completeness], full of wisdom and perfect in beauty.
13 You were in [a]Eden, the garden of God; every precious stone was your covering, the carnelian, topaz, jasper, chrysolite, beryl, onyx, sapphire, carbuncle, and emerald; and your settings and your sockets and engravings were wrought in gold. On the day that you were created they were prepared.
14 You were the anointed cherub that covers with overshadowing [wings], and I set you so. You were upon the holy mountain of God; you walked up and down in the midst of the stones of fire [like the paved work of gleaming sapphire stone upon which the God of Israel walked on Mount Sinai].
15 You were blameless in your ways from the day you were created until iniquity and guilt were found in you.
16 Through the abundance of your commerce you were filled with lawlessness and violence, and you sinned; therefore I cast you out as a profane thing from the mountain of God and the guardian cherub drove you out from the midst of the stones of fire.
17 Your heart was proud and lifted up because of your beauty; you corrupted your wisdom for the sake of your splendor. I cast you to the ground; I lay you before kings, that they might gaze at you.
18 You have profaned your sanctuaries by the multitude of your iniquities and the enormity of your guilt, by the unrighteousness of your trade. Therefore I have brought forth a fire from your midst; it has consumed you, and I have reduced you to ashes upon the earth in the sight of all who looked at you.
19 All who know you among the people are astonished and appalled at you; you have come to a horrible end and shall never return to being.
20 Again the word of the Lord came to me, saying, 21 Son of man, set your face toward Sidon and prophesy against her. 22 And say, Thus says the Lord God: Behold, I am against you, O Sidon, and I will show forth My glory and be glorified in the midst of you. And they shall know (understand and realize) that I am the Lord when I execute judgments and punishments in her, and am set apart and separated and My holiness is manifested in her.
23 For I will send pestilence into her and blood into her streets, and the wounded shall be judged and fall by the sword in the midst of her on every side, and they shall know (understand and realize) that I am the Lord [the Sovereign Ruler, Who calls forth loyalty and obedient service]. 24 And there shall be no more a brier to prick the house of Israel or a hurting thorn of all those around them who have treated them with contempt, and they shall know (understand and realize) that I am the Lord God [the Sovereign Ruler, Who calls forth loyalty and obedient service].
25 Thus says the Lord God: When I gather the house of Israel from the peoples among whom they are scattered, and I shall be set apart and separated and My holiness made apparent in them in the sight of the nations, then shall they dwell in their own land which I gave to My servant Jacob. 26 And they shall dwell safely in it and shall build houses and plant vineyards; yes, they shall dwell securely and with confidence when I have executed judgments and punishments upon all those round about them who have despised and trodden upon them and pushed them away, and they shall know (understand and realize) that I am the Lord their God [their Sovereign Ruler, Who calls forth loyalty and obedient service].
Hiram king of Tyre sent his servants to Solomon, when he heard that he was anointed king in place of his father, for Hiram always loved David. 2 And Solomon sent to Hiram, saying,
3 You know how David my father could not build a house to the Name of the Lord his God because wars were about him on every side, until the Lord put his foes under his feet. 4 But now the Lord my God has given me rest on every side, so that there is neither adversary nor evil confronting me.
5 And I purpose to build a house to the Name of the Lord my God, as the Lord said to David my father, Your son whom I will set on your throne in your place shall build the house to My Name and Presence. 6 So, Hiram, command them to hew me cedar trees out of Lebanon; my servants shall join yours, and I will give you whatever wages you set for your servants. For you know that no one among us can equal the skill of the Sidon men in cutting timber.7 When Hiram heard the words of Solomon, he rejoiced greatly and said, Blessed be the Lord this day, Who has given David a wise son to be over this great people. 8 And Hiram sent to Solomon, saying, I have considered the things for which you sent to me; I will do all you wish concerning the cedar and cypress timber. 9 My servants shall bring the logs down from Lebanon to the sea, make them into rafts, and float them by sea to the place that you direct. I will have them released there, and you shall take them away. And you shall fulfill my desire by providing food for my household. 10 So Hiram gave Solomon all the cedar and cypress trees he desired, 11 And Solomon gave Hiram 20,000 measures of wheat for food for his household, and 20 measures of pure, beaten oil. He gave these to Hiram yearly.
12 The Lord gave Solomon wisdom, as He promised him; and there was peace between Hiram and Solomon, and they made a treaty.
13 King Solomon raised a levy [of forced labor] out of all Israel; and the levy was 30,000 men. 14 He sent them to Lebanon, 10,000 a month by divisions; one month they were in Lebanon and two months at home. Adoniram was over the levy. 15 And Solomon had 70,000 burden bearers and 80,000 hewers [of stone] in the hill country of Judah, 16 Besides Solomon’s 3,300 overseers in charge of the people doing the work.
17 The king commanded, and they hewed and brought out [a]great, costly stones in order to lay the foundation of the house with dressed stone.
18 Solomon’s builders and Hiram’s builders and the men of Gebal did the hewing and prepared the timber and stones to build the house.
Amid excavations at four different ancient sites in the Central Anatolian province of Yozgat in the Uşaklı Mound at the Büyük Taşlık village in Turkey there laid a cuneiform tablet unearthed after laying there for 4000 years (2,000 B.C.) The cuneiform tablet in the Sorgun district of Yozgat shows symbols of Ishtar, known as the Hittite goddess of love, war, fertility and sexuality. Ishtar or “the queen of harlots” goddess was found mentioned more clearly in this cuneiform than those on any other unearthed tablets.
Linking Ishtar to other archaeologic relics, also written in the same cuneiform is the Epic of Atrahasis cuneiform dating just as far back in ancient history (1700-1800 B.C.), which reveal that this ancient deity known as Ishtar and the snake beast god known as Ishtaran another name for “(a)llah” who is literally mentioned in the epic by name and was a transvestite (dual male and female nature).
The The Epic of Atrahasis is the Mesopotamian account of the Great Flood, which was a corruption of the biblical account in Genesis where Satan rebelled against Yahweh. The amazing epic translated by archeologists who did not coverup the name “Allah” at the beginning of the epic where all of the gods are laboring in slavery for the head deity, Enlil, and then one rebellious deity named “(a)llah” then revolts against Enlil where Enlil crushes the rebellion and then defeats (a)llah who was also called Tammuz in Sumerian mythology. Yet this defeat of the rebellion caused by this god of war “(a)llah” is not considered evil, but his loss is lamented over:
Alas the lad, the warrior Ninazu! Alas the lad, my lad, my Damu! Alas the lad, the child Ningishzida! Alas the lad, (a)llah, owner of the net!…The shepherd, lord Dumuzi, bridegroom of Inanna … [The bitter cry for him! the bitter] cry [for him!] [The bitter] cry for the captive D[umuzi!] The bitter cry [for] the captive Ama-ushumgal-anna! Woe the lad, the child Ningishzida! Woe the lad, Ishtaran of shining visage! Woe the lad, (a)llah, owner of the net!
(a)llah, Allat, Tammuz … these were different names to the same deity, (a)llah, who in the Epic is referred to as Ishtaran who according to archeology is “the beast and symbol of Ištaran, as frequently represented on kudurrus, is a snake“. Biblically, from Genesis “the snake” to Revelation “the beast” these are associated to Lucifer and the devil who caused such rebellion by transforming himself into a snake with four legs then lured Eve. On a side note, while some think that a four legged snake is myth, archeologists earthing fossil records prove that a snake with four legs is a fact, the snake must have then devolved, not evolved.
Another link to Lucifer in the Bible is Venus and the pagan deity Sin which historically both link to (a)llah, the ancient deity, which is not only the “moon-god” Sin (Nanna to the Sumerians) but also to the star and crescent (often identified as Venus) with Ishtar (Inanna to the Sumerians). Even the Bible links Venus to Isaiah 14:12 to Helel (Crescent) ben Shahar (morning star) identifying the Lucifer possessing the Antichrist becoming the King of Babylon.
Ishtar/(a)llah was originally a male deity of Venus for the Akkadian Arabs, and after settling into Mesopotamia from Yemen, became Athtar with the Sumerian goddess of Venus Inanna, and would become the Babylonian Ishtar.  Ishtar was the Arabian Allat,  the female consort of (a)llah who was so revered by the Mesopotamians that they had called her Um-Uruk, or “the mother of the town of Erech,”  an infamous city of ancient Iraq.
Since Allat (Ishtar) was the feminine root of (a)llah, and was worshipped in Mesopotamia, and equal to the Sumerian Inanna, since they were both Venus goddesses, we should be able to find (a)llah associated with this goddess, based on inscriptions.
In fact, we do, a Sumerian verse which directly identifies “(a)llah” with the bridegroom of Inanna, Dumuzi or Tammuz who was an ancient deified king who once ruled the city-state of Erech, or Uruk, as the fourth king of its First Dynasty,  at around—according to Kramer—the third millennium B.C., and whose death was ritually lamented by the Sumerians.
In essence, this “Mother of Harlots” which ruled the kings of the earth from ancient times until now is this transvestite deity (a)llah whose worship covers the entire region, then, and until now. So when Antichrist Muslims roam roundabout the black stone it is a throwback to the worship of Ishtar, whom they called Athtar and Allat. St. John of Damascus said that the image of the Black Stone in the Kaaba in Mecca, is really an idol of Aphrodite porne, which is really just a Greek rendition of saying Allat or Ishtar, the harlot goddess.
The cuneiform of Ishtar, the goddess harlot discovered in Turkey and the worship of this (a)llah relates to the Kaaba in ancient times. In other words, from a biblical perspective, the facade of this harlot religion never changed and simply adopted monotheism. Christians were instructed to beware of a religion that “look like a lamb,” which in other words, seems like the real deal, but is a prostitute religion which “speaks like a dragon”. In other words it utters blasphemies. Even the imagery given in Revelation speaks of this harlot decked in gold, silver, jewels and adorned as a queen. (a)llah’s residence in Arabia lays an effeminate structure covered with pure silk black dress and is considered by Antichrist Muslims to be a woman’s dress. The Kaaba’s attire is called “Kiswa/Kuswa” which even the prominent historian Edward Gibbons elaborated on this:
“…the kuswa of the magnificent Kaaba, is what is used for clothing of a [virtuous] covering, on top of it, it is written, the Kaaba’s dressing, meaning ‘we have dressed her her dress.” 
Whoever dreamt that the “seven towers” of ancient extinct Babel exists today and is literally called “Babel”? Any doubting Thomas needs to visit Mecca and see (be advised if you’r not Antichrist Muslim and enter Mecca you could get beheaded). Al-Sharq Al-Awasat, the prominent Middle East Newspaper names Mecca’s great project and the choice where it was built is atop the mountain that is literally called “Mount Babel” as it is called today and in history:
“The project Towers Of The House is the first project in Mecca … which carry seven towers … “Towers Of The House” is on the area of Mount Babel in Ajyad. The site overlooks directly on the Haram al-Sharif (Holy House [Ka’ba]).”
“is also the largest tower in the world in terms of area. Contractor Bin Laden Group, Antichrist Saudi Arabia … Classified as the largest building urban in terms of the total area on the face of the globe, where excess space land for the project 1.4 million square meters and consists of 7 towers”.
And just as archeologists ignored the literal reference to (a)llah in the Epic of Atrahasis no one in the prophecy arena has even raised a single red flag about the significance on how this harlot is described and is biblically linked to Ishtar and Babylon or how it is destroyed in the end. Isaiah links Antichrist Iran vs. Antichrist Saudi Arabia to what we see today in the Iran Nuclear Deal. According to Isaiah, Antichrist Iran (biblical Elam) must destroy Arabia and John levels similar destruction to what seems to be the harlot’s abode in a distant desert. The house of (a)llah, while Isaiah 14 talks of Lucifer’s rebellion, in Isaiah 21:9, God finally ends it leveling a prophetic oracle against this harlot, the root cause of this rebellion. “Elam, attack!” says Isaiah (v2) leveling this prophetic oracle specifically against Arabia (v13) even referring to Arabia as “Babylon is fallen is fallen” (v9) using the same announcement in Revelation 18:1-2 and Revelation 14:8 against the harlot city: “Babylon is fallen, is fallen”:
“‘Babylon has fallen, has fallen!” (Isaiah 21:9)
“The burden against Dumah” (Isaiah 21:11)
“The burden against Arabia” (Isaiah 21:13)
“All the glory of Kedar will fail” (Isaiah 21:16)
And to see the nuclear effect, again, a few chapters before, the destruction of Babylon is described as being absolute and complete “I will sweep it with the broom of destruction” (Isaiah 12:15).
“The broom of destruction” seems like footage of a nuclear explosion all with the fury and the power of the ominous cloud that sweeps up everything in its path. This woman (the Kaaba), as the Muslim myth has it, is Bab-Illah (Bab-El / Babel) the Gate Door to (a)llah decked with gold and silver with declarations which the Bible considers utterly blasphemous since it denies The Father and The Son.
But where are they going? The EU and the US only offer asylum to Antichrist Muslim illegal aliens and refugees, which eventually will turn famous European and American cities into Antichrist Muslim slums or ghost towns, too.
Our technocratic civilization has reached such dizzying heights, that even the boundaries of mortality are being challenged. We envision humanity spreading out into the solar system, and then into the rest of the Universe. We fiddle with the very code of life, with barely a thought about the consequences. We engage in the massacre of our precious children and plot the murder of billions.
This vile civilization of ours cannot be allowed to continue, so it won’t. God will shake the world and destroy our rebellion against Him.
The question is whether you will be ready, when God tears down our carefully crafted way of life.
I find it interesting that the ‘inventor’ of this ‘space elevator’ is:
That’s the logo for Thoth Technology.
Who is this Thoth?
Oh. THIS is Thoth:
Right. Thoth, the Egyptian god of knowledge. Nice ibis head there, Thoth.
Is it a coincidence that Thoth Technology, inc. has a logo with the head of an Ibis?
No, there isn’t any coincidence here. These guys like the idea of identifying themselves with the Egyptian god of knowledge. Will their idea work? I don’t know, but I DO know that it is only a matter of time before we create a tower tall enough to reach into space. This is NOT an impossible idea, and there are many ways to do it.
Could it be that the ‘Tower of Babel’ was intended to reach outer space? As a kind of space elevator?
I don’t know, and I’m not sure that it matters.
What matters is that God cannot allow us to escape Earth. We are not fit for the unlimited frontiers and vast resources of the Universe. But, let’s pull back from outer space, and come down to terra firma.
The Bible doesn’t speak about colonies in outer space, so we won’t have to worry about that. Of course, that also means that we won’t reach the point where we escape our planet. God will knock us down long before then.
How about the growth in our ability to edit our own genes?
Rogue Genetic Engineering
That sounds disturbing. But…
…what about our ability to edit the genes of people, against their will? How would YOU like it, to know that someone could edit your DNA, without your permission?
Like it or not, we’re almost there.
Researchers from BASE collaboration at CERN, led by RIKEN, have conducted the most precise measurement, so far, of the charge-to-mass ratio of protons and their antimatter counterparts, antiprotons. Their work was carried out using CERN’s Antiproton Decelerator, and results were published in Nature on August 13, 2015.
The study of the proton and antiproton properties was done by the BASE collaboration, which includes researchers from RIKEN, CERN, the Max Planck Institute for Nuclear Physics, The University of Tokyo, Johannes Gutenberg University, GSI Helmholtz Centre for Heavy Ion Research, and Helmholtz Institute Mainz.
The scientists got their results during a stringent test of a fundamental property of the standard model of particle physics, know as CPT (charge, parity, time) symmetry. The experiment was set to test if the system would remain unchanged if the fundamental properties responsible for distinguishing between matter and antimatter, would be reversed.
“This is an important issue, because it helps us to understand why we live in a universe that has practically no antimatter, despite the fact that the Big Bang must have led to the creation of both. If we had found violations of CPT, it would mean that matter and antimatter might have different properties—for example that antiprotons might decay faster than protons—but we have found within quite strict limits that the charge-to-mass ratios are the same.”, explained Stefan Ulmer, the leader of the research,
The team received antiprotons and negative hydrogen ions, as a proxy for protons from the Antiproton Decelerator. The next step was trapping a single antiproton-hydrogen ion pairs in a magnetic Penning trap and decelerating them to ultra-low energies. Afterwards, they measured the cyclotron frequency of the pairs to determine the charge-to-mass ratio, and compared them to see how similar they were. in total, the scientists measured around 6 500 pairs in 35 days.
The high-precision measurement has four times higher energy resolution than previous measurements of proton-antiproton pairs. “What we found, is that the charge-to-mass ratio is identical to within just 69 parts per trillion.Ultimately, we plan to achieve measurements that are at least ten or a hundred times more precise than the current standard.”, said Ulmer.
The research in questions has some implications for the so-called “weak equivalence” principle, as well, as the team used the results to show that within approximately one part per million, antimatter and matter behave in the same way in respect to gravity.
“There are many reasons to believe in physics beyond the standard model, including the mystery of dark matter and, of course, the imbalance between matter and antimatter. These high-precision measurements put important new constraints and will help us to determine the direction of future research.”,the BASE member Christian Smorra added.
The IDF Spokesperson announced that the IDF attacked 14 Syrian positions in the central Golan Heights region late Thursday night using tanks, artillery and the Air Force. The IDF strikes were in response to the Syrian attacks that hit Israel earlier Thursday afternoon.
The initiating attack was done by an Antichrist Islamic Jihad group, which is funded by Iran. The spokesperson said the attack was an infringement on Israeli sovereignty.
Israel submitted a formal diplomatic complaint to world powers about a recent rocket attack from Syria — blaming a specific Antichrist Iranian general and warning of increased regional aggression by the Antichrist Islamic Republic in the wake of the nuclear deal.
The demarche was sent Friday to the P5+1 — the six world powers, including the United States, that negotiated the nuclear agreement with Antichrist Iran — a day after a barrage of four rockets hit Israel from Syria.
Sent by Jeremy Issacharoff, the vice director general of Israel Foreign Affairs Ministry, the document said Israel has “credible information” that Thursday’s rocket attack was ordered by “Antichrist Iranian Operative Saeed Izaadhi” and carried out by the Antichrist Palestinian branch of militant group Antichrist Islamic Jihad.
The document called the attack “an indiscriminate and premeditated terrorist attack against Israeli territory without any provocation from the Israeli side.” Further, it said the attack was “another clear and blatant demonstration of Iran’s continued and unabating support and involvement in terrorist attacks” and “a clear indication of how Antichrist Iran intends to continue to pursue its destabilizing actions and policies as the international sanctions regime is withdrawn in the near future.”
“The international community led by the P5+1 cannot enable Antichrist Iran to gain respectability and political legitimacy from the [nuclear agreement, which lifts sanctions in exchange for Antichrist Iran curbing its nuclear program], while in parallel it continues to actively and directly perpetrate terror throughout the region,” the document said.
The defense ministry’s unveiling of the solid-fuel missile, named Fateh 313, came little more than a month after Antichrist Iran and world powers reached a deal on its nuclear capabilities.
Antichrist Iran on Saturday unveiled a new surface-to-surface missile it said could strike targets with pin-point accuracy within a range of 500 km (310 miles) and it said military might was a precondition for peace and effective diplomacy.
The defense ministry’s unveiling of the solid-fuel missile, named Fateh 313, came little more than a month after Antichrist Iran and world powers reached a deal that requires Tehran to abide by new limits on its nuclear program in return for Western governments easing economic sanctions.
According to that deal, any transfer to Antichrist Iran of ballistic missile technology during the next eight years will be subject to the approval of the United Nations Security Council, and the United States has promised to veto any such requests. An arms embargo on conventional weapons also stays, preventing their import and export for five years.
But Antichrist Iran has said it will not follow parts of the nuclear deal that restricts its military capabilities, a stance reaffirmed by President Hassan Rouhani on Saturday.
“We will buy, sell and develop any weapons we need and we will not ask for permission or abide by any resolution for that,” he said in a speech at the unveiling ceremony broadcast live on state television.
Perhaps more importantly, Israel says it “holds the Syrian government responsible for [the] attacks,” which would seem to suggest that in the event further “stray” rockets should find their way into Israel setting off any more brush fires, the Israeli military – which, you’ll note, isn’t exactly shy about retaliating mercilessly in the face of “aggression” – might just join the melee across the border.
A gunman, 26-year-old Moroccan, opened fire on a high-speed train traveling from Amsterdam to Paris on Friday, wounding two people before two American passengers subdued him, officials said.
the two Americans were soldiers. In Washington, the Pentagon said it “can only confirm that one U.S. military member was injured in the incident. The injury is not life-threatening.”
The two Americans “were particularly courageous and showed great bravery in very difficult circumstances” and that “without their sangfroid we could have been confronted with a terrible drama.”.
20 MAR 2015 Solar Eclipse EXACTLY ONE YEAR LATER ON THE SAME DAY AN ASTEROID OCCULTATION OF REGULUS HAPPENED OVER NEW YORK CITY IN 2014 WHERE 911 HAPPENED BACK IN 2001 AND WHERE THE MARKET WILL CLOSE FRIDAY 911 2015 THEN THE LAST BLOOD MOON 7 YEARS TO THE DAY AFTER THE 2008 STOCK MARKET CRASHED 7/14 YEARS BACK TO THE DAY WHEN 911 HAPPENED IN 2001 7/21 YEARS TOTAL ALL 3 DAYS ON THE SAME ISAIAH 9:10 HARBINGER JUDGMENT DAY OF THE 29th OF ELUL ON THE 49th YEAR OF A SUPER SHEMITAH YEAR ON A SUPER BLOOD MOON LUNAR ECLIPSE!!! WOE!!! WOE!!! WOE!!!
America’s space agency is debunking a rumour gone viral that a gigantic asteroid is on a collision course with earth, in a scenario right out of Hollywood blockbusters Deep Impact and Armageddon.
Nasa says in a statement that numerous blogs and web postings have erroneously reported that the asteroid will impact near Puerto Rico sometime between September 15 and 28, devastating the Atlantic and Gulf Coasts of the United States and Mexico, as well as Central and South America.
The asteroid will actually hit on October 13, the space agency says.
Just kidding. There actually is not giant space rock at all, Nasa says.
“There is no scientific basis — not one shred of evidence — that an asteroid or any other celestial object will impact earth on those dates,” Paul Chodas, manager of NASA’s Near-Earth Object office at the Jet Propulsion Laboratory in Pasadena, California, said in the statement.
In fact, Nasa’s Near-Earth Object Observations Program actually says there’s no big asteroids or comets that could hit earth in the foreseeable future. All known “Potentially Hazardous Asteroids” have less than a 0.01 per cent chance of impacting the earth in the next 100 years.
Nasa says an international collaboration of scientists and astronomers do keep watch on the skies with their telescopes, and if there was anything big headed our way, Chodas and his colleagues would know about it.
“If there were any object large enough to do that type of destruction in September, we would have seen something of it by now,” he said.
Aug 23, 2015 Conjunction: Sun at Regulus
The introduction of MIRVed technologies into the Asian nuclear balance may render this no longer true. For this reason— along with its long-range and solid fuel—the DF-41 is the most dangerous nuclear weapon in Antichrist Communist China’s arsenal.
The Antichrist Communist Chinese and Russian navies are gearing up for their largest-ever joint exercises, slated to begin Thursday in the Pacific with more than 20 ships and featuring anti-submarine operations as well as a joint-beach landing.
The “Joint Sea 2015 II” exercises will run through Aug. 28 in the Sea of Japan and off the coast of Vladivostok.
Typhoon “Goni” is crawling north of Philippines today and hitting hard the island of Luzon. At least 5 people were killed, and 2 are missing after heavy rains triggered floods and numerous landslides. Goni will pass east of Taiwan on August 22 and 23, and then turn NNE toward the Big Island of Japan.
Goni’s center was about 100 km (62 miles) east of northern Calayan Island today, packing maximum sustained winds of 170 km/h (105 mph) and gusts of up to 205 km/h (127 mph), PAGASA reports.
An team of international experts has announced a new observation of high-energy neutrino particles using an instrument funded by the National Science Foundation (NSF). The particles from beyond our galaxy have been detected at the geographic South Pole, using a massive instrument buried deep in ice.
The scientists from the IceCube Collaboration, a research team with headquarters at the Wisconsin IceCube Particle Astrophysics Center at the University of Wisconsin-Madison, published their new discovery in the journal Physical Review Letters, on August 20, 2015. The new observation confirmed an initial detection of high-energy neutrinos made in November 2013.
Neutrino particles travel throughout the universe, almost entirely undisturbed by matter and pointing to the sources of their creation. The highest energy neutrinos presumably originate from the most extreme phenomena of the universe, which are able to generate energies million times more powerful than those generated by a man-made source such as the Large Hadron Collider at CERN.
“Cosmic neutrinos are the key to yet unexplored parts of our universe and might be able to finally reveal the origins of the highest energy cosmic rays, including the rare ‘Oh-My-God’ particles,” says IceCube Collaboration spokesperson Olga Botner, of Uppsala University.
The observatory records 100 000 neutrino particle every year. Most of them are called muons and they are generated during the cosmic ray interaction with the Earth’s atmosphere. To detect other types of neutrino particles, the researchers have used planet Earth to filter out the large background of atmospheric muons. By observing neutrinos from the Northern Hemisphere, they have confirmed the cosmic origin of the particles, as well as the presence of extragalactic neutrinos and the intensity of the neutrino rate.
“Looking for muon neutrinos reaching the detector through the Earth is the way IceCube was supposed to do neutrino astronomy and it has delivered,” said Francis Halzen, IceCube principal investigator and the Hilldale and Gregory Breit Distinguished Professor of Physics at the University of Wisconsin-Madison. “This is as close to independent confirmation as one can get with a unique instrument.”
New results agree with the previous and confirm the higher number of neutrinos originating beyond our Solar System. The new high-energy neutrino sample allows the most accurate measurements to date of the energy spectrum and neutrino-type composition of the extraterrestrial neutrino flux, when combined with previous measurements.
“This is an excellent confirmation of IceCube’s recent discoveries, opening the doors to a new era in particle physics,” says Vladimir Papitashvili, astrophysics and geospace sciences program director in the Division of Polar Programs. “And it became possible only because of extraordinary qualities of Antarctic ice and NSF’s ability to successfully tackle enormous scientific and logistical problems in the most inhospitable places on Earth.”
One of the worst droughts since the heat wave of the 2003 summer season affected a large part of continental Europe during June and July 2015, European Drought Observatory (EDO) reported. The drought has been especially strong across France, Benelux, Germany, Hungary, the Czech Republic, the areas in northern Italy and northern Spain.
The drought resulted from the combination of rain shortage since April and very high temperatures brought by the heat wave in July. The combination of these conditions resulted in high plant evapotranspiration levels, and strongly affected the soil moisture content and vegetation conditions.
Most of the Europe suffered temperatures significantly above the seasonal average, since the beginning of June, EDO stated in their report for August 2015. Spain, Benelux, France and Germany measured temperatures 8 ºC to 10 ºC (46.4 to 50 ºF) above the expected value. These countries, as well as Italy, Austria, Sweden and UK reported several record breaking daily temperatures for the month of July since 1975.
During the drought period, the thermal anomalies continually persisted across the entire Mediterranean region. The heat wave was especially strong in Spain, where it lasted even longer than in 2003, with daily temperatures soaring above 30 ºC (86 ºF) for over 40 days in a row.
France, Benelux, western Germany, northern Italy, northern Spain, the Czech Republic, Poland, Ukraine and Belarus reported a rainfall deficit greater than 100 – 130 mm (3.9 – 5.11 inches), which is a reduction of about 50 – 60%, or even 80% locally, in comparison to the long term average.
The drought has made a negative impact on civil and industrial water use, agricultural sector and cattle production, forestry and human health, and it has caused increases in forest wildfires and energy consumption, as well. Positive impacts of the extended hot period include the areas of tourism, open-air activities and increased amounts of solar energy production.
Abundant rainfall is urgently needed in the coming months in order to offset the negative impacts of the extended drought period. However, currently, ECMWF1 forecasts above average warm and dry conditions over most of the Europe during September 2015. More abundant rains are expected only across the Mediterranean region.
A sudden and extremely intense landslide was reported at the Manikaran Sahib Gurdwara site in Himachal Pradesh, India, on August 18, 2015. The extreme event left at least 7 people dead, and injured another 11.
A strong, high energy landslide near Kulu appears to have been a massive boulder roll which violently shattered a part of the Hindu temple and pilgrimage site of the Manikaran Sahib Gurdwara. The temple is situated on a set of hot springs at an altitude of around 1 760 m (5 774 feet). The hot springs are probably indicative of active faulting in the area, which means the adjacent slopes are unusually unstable.
Well that escalated quickly…
The carnage continues to roll around the world as Asia and Europe react to US weakness which reacted to Antichrist Communist China weakness and now US is retumbling on fresh Antichrist Communist China weakness as the global carry trade unwinds across every asset class…
S&P continues it plunge…nearing 2,000!
S&P joins Small Caps, Dow, and Trannies red post-QE3…
One of the most vocal discussions in the past year has been whether the collapse, subsequent rebound, and recent relapse in the price of oil is due to surging supply as Antichrist Saudi Arabia pumps out month after month of record production to bankrupt as many shale companies before its reserves are depleted, or tumbling demand as a result of a global economic slowdown. Naturally, the bulls have been pounding the table on the former, because if it is the later it suggests the global economy is in far worse shape than anyone but those long the 10Year have imagined.
Courtesy of the following chart by BofA, we have the answer:
while for the most part of 2015, the move in the price of oil was a combination of both supply and demand, the most recent plunge has been entirely a function of what now appears to be a global economic recession, one which will get far worse if the Fed indeed hikes rates as it has repeatedly threatened as it begins to undo 7 years of ultra easy monetary policy.
The global outlook has indeed worsened. Our economists have recently trimmed GDP forecasts in Japan, Brazil, Mexico, Colombia and South Africa, while noting greater downside risks in Antichrist Turkey due to political uncertainty. Asian exports continue to underwhelm, and capital outflows are adding to regional woes. Looking ahead, we still expect the largest DM economies to keep expanding at above-trend pace but global headwinds have intensified.
And yet, BofA’s crack economist Ethan Harris still expects a September Fed rate hike. Perhaps the price of oil should turn negative (yes, just like NIRP, negative commodity prices are very possible) for the Fed to realize just how cornered it truly is.
Perhaps the biggest surprise about the overnight Antichrist Communist Chinese stock rout is which followed the lowest manufacturing PMI since March 2009, is that it happened despite repeat sellside pleas for a PBOC RRR cut as soon as this weekend: usually that alone would have been sufficient to push the market back into the green, and it almost worked when in the afternoon session stocks rebounded after dropping as much as 4.7% below the “hard” floor of 3500, but then a second bout of selling just before the close took Antichrist Communist Chinese stocks right back to the lows with the Shanghai Composite closing at 3,507, down 4.3% on the day, having wiped out the entire 18% rebound from July 8 when the PBOC first threatened both sellers and shorters with arrest.
Which is probably why threats of harm had to be repeated: around closing time, the Antichrist Communist Chinese SEC said it was investigating major stakeholders of listed companies for illegally reducing holdings. At this point, such a rerun of Antichrist Communist China’s farcical market control will likely only lead to more selling as the PBOC has clearly lost control.
But there is some Green…. in Gold…
The big showdown – can the 200DMA be defended… or more crucially, the July lows!!
The bursting of the farmland bubble should come as no surprise to regular readers: we covered it extensively over the past year in post such as “Another Bubble Pops: Price Of Farmland Suffers First Annual Decline Since 1986″, “The Tragedy Of The American Farmer, Revealed In A Craiglist “For Sale” Post“, and most recently “US Farmers In “Dire Straits”: JPM Warns Of Imminent Liquidity Crunch”
Moments ago said burst bubble came to roost when Deere reported EPS of $1.53 which beat expectations modestly, if down 35% from a year ago, yet which missed on the top-line with revenues coming in weak at $6.84bn, vs consensus expectations of $7.17bn. The one sentence summary: Deere revenues down 22%, profits down 39%.
Deere also cut 2015 net income from $1.9 billion to $1.8 billion, far below Wall Street’s estimates of a $1.93 billion.
But the worst aspect of the just reported earnings was the commentary which confirmed that the bursting farmland bubble has finally trickled through to the income statement. To wit:
“John Deere’s third-quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment,” said Samuel R. Allen, chairman and chief executive officer.
Lower commodity prices and falling farm incomes are continuing to pressure demand for agricultural machinery, with the declines most pronounced in higher-horsepower models. Conditions are more positive in the U.S. livestock sector, supporting some improvement in the sales of smaller sizes of equipment. Based on these factors, industry sales for agricultural equipment in the U.S. and Canada are forecast to be down about 25 percent for 2015.
Full-year 2015 industry sales in the EU28 are forecast to be down about 10 percent, with the decline attributable to lower crop prices and farm incomes as well as pressure on the dairy sector. In South America, industry sales of tractors and combines are projected to be down 20 to 25 percent mainly as a result of economic uncertainty in Brazil and higher interest rates on government-sponsored financing. Asian sales are projected to be down moderately, with most of the decline in India and China. Industry sales in the Commonwealth of Independent States are expected to be down significantly due to economic pressures and tight credit conditions.
Company equipment sales are projected to decrease about 21 percent for fiscal 2015 and to be down about 24 percent for the fourth quarter compared with year-ago periods. Included in the forecast is a negative foreign-currency translation effect of about 4 percent for the full year and 5 percent for the fourth quarter. For fiscal 2015, net income attributable to Deere & Company is anticipated to be about $1.8 billion.
So in case you needed one more thing to worry about, just turn your attention to the US flyover states where the latest and greatest slow-motion tractor wreck is currently taking place.
Unbelievable!’: Scientists stunned as 3 rare giant oarfish found dead off Los Angeles in recent weeks — Flesh falling apart while still alive, body parts missing — Biologist: “Of course I’m very concerned… for some reason they’re dying… it’s very strange” — Being tested for toxins (VIDEO)
30 dead large whales have been found since May 2015, along the Western Gulf of Alaska and southern shoreline of the Alaska Peninsula. Simultaneous increase in the number of large whale strandings in British Columbia, Canada, got the scientists on both ends to start an active investigation. The “Unusual Mortality Event” (UME) for large whales has been declared for the first time on Alaska.
An unusually high number of large whale deaths has been reported across the Western Gulf of Alaska, in the regions around Kodiak Island, Afognak Island, Chirikof Island and the Semidi Islands, and along the southern shoreline of the Alaska Peninsula. 11 fin whales, 14 humpback whales, one gray whale and four unidentified whale species have been found dead in the Western Gulf of Alaska.
The first whale death was reported in Marmot Bay on Kodiak Island, on May 23, 2015 and large whale strandings have continued since. This series of large whale deaths have been declared as an “Unusual Mortality Event” (UME), the National Oceanic and Atmospheric Administration (NOAA) reported.
The total number of 30 dead whales, reported since May, is over three times the average for the area. This unusual jump in death numbers across the western Gulf of Alaska has prompted an official investigation.
To add to the unusual event, the researchers of British Columbia, Canada have reported an increase in large whale strandings during the months of July and August. This summer, uncommon numbers of bird deaths has also been reported across the Alaska Peninsula. However, it’s not clear whether these deaths are in any way connected.
“NOAA Fisheries scientists and partners are very concerned about the large number of whales stranding in the western Gulf of Alaska in recent months. While we do not yet know the cause of these strandings, our investigations will give us important information on the health of whales and the ecosystems where they live.” Teri Rowles, NOAA Fisheries’ marine mammal health and stranding response coordinator, said in a statement.
Most whale carcasses have been floating and were not retrievable, NOAA reported. Therefore, the scientists have been able to collect a tissue sample from only one of the 30 carcasses. It could take a few months, even years to find the cause of sharp increase in whale mortality in the area.
As a part of the UME investigation process, the scientists will cooperate to review the collected data and sample future whales that strand. Although many people tend to blame the Fukushima nuclear disaster of 2011 for animal deaths, NOAA said the preliminary analysis shows no signs of such contamination, although conclusive results are yet to be provided.
Reading for August 22, 2015 ~ Elul 7, 5775
Deut. 16:18-21:9 ~ Is 51:12-52:12 ~ Acts 10-12