82515 Gleaning Acceleration & Confirmation
From the air, the Pacific algal bloom doesn’t look like much of a threat: a wispy, brownish stream, snaking up along the West Coast. But it’s causing amnesia in birds, deadly seizures in sea lions, and a crippling decline in the West Coast shellfish industry. Here’s what you need to know about it, from what this bloom has to do with the drought to why these toxins could be a real threat to the homeless. What’s causing it? The culprits are single-celled, plant-like organisms called pseudo-nitzschia, a subset of the thousands of species of algae that produce more than 50 percent of the world’s oxygen through photosynthesis. They’re a hardy variety usually found in cool, shallow oceans, where they survive on light and dissolved nutrients, including silcates, nitrates, and phosphates. “They’re sort of like the dandelions of the sea,” says Vera Trainer, who manages the Marine Biotoxin Program at the Northwest Fisheries Science Center in Seattle.
“They’re always there in some low numbers, just waiting for nutrients to be resupplied to the ocean’s surface.” In most years, blooms in the eastern Pacific are contained near “hot spots” that dot the West Coast—relatively shallow and sheltered places like California’s Monterey Bay or the Channel Islands. They usually flare up in April or May as trade winds cycle nutrient-rich waters from offshore depths to the coast in a process called “upwelling,” but they fade after only a few weeks. The jury’s still out, but scientists are beginning to get a clearer idea. These past few years have been “incredibly weird” in the northeast Pacific, says Nate Mantua, a research scientist at the National Oceanic and Atmospheric Administration’s Southwest Fisheries Science Center in Santa Cruz. He points to the same “ridiculously resilient ridge” of high pressure that’s been causing the historic drought in the western United States: This pressure also resulted in a pool of exceptionally warm water in the Pacific (known as “the blob”), with little weather to disperse it. Those conditions, along with prevailing winds and colder currents that ferry nutrients back to the coast, are supplying the algae with a seemingly endless feast.
That makes the source of this bloom different from its cousin in the Gulf of Mexico, where fertilizers flowing from as far as Iowa are feeding a zone of algae that’s as large as New Jersey. “We’re seeing them in relatively pristine waters of the US West Coast,” Trainer explains, though she adds runoff and sewage discharge may be playing some role in the blooms off Southern California. So just how big is this thing? Bigger than researchers have ever seen: a patchy stream that stretches from Southern California up along the Alaskan coast. The hot spot blooms that appear each spring are merging for the first time, Trainer explains. Though the combined mass has ebbed and flowed over the past four months, it hasn’t let up; her team finds algae each time they journey out to sea, with no signs of abatement soon. And it’s also unusually potent. “These are the highest levels of toxicity we’ve ever seen,” says Raphael Kudela, a professor of ocean sciences at the University of California-Santa Cruz. “It’s a truly extraordinary phenomenon.”
STILL WAITING FOR CMEs: A pair of CMEs expected to reach Earth on Aug. 24th did not arrive on time. This means they are slower and less potent than previously thought. NOAA forecasters have downgraded the chance of a G1-class geomagnetic storm on Aug. 25th to 35%
The United Nations privacy chief says that government spying is “worse than Orwell”.
He’s right …
The editor of the Guardian newspaper said:
Orwell could never have imagined anything as complete as this, this concept of scooping up everything all the time.
Edward Snowden said in 2013 that NSA spying was worse than in Orwell’s book 1984.
Swedish Pirate Party founder Rick Falkvinge writes:
We are already far, far past the point of Stasi or “1984”.
And Bill Binney – the highest-level NSA whistleblower ever, the senior technical director within the agency who managed thousands of NSA employees and created the agency’s mass surveillance program for digital information – told Washington’s Blog:
Current surveillance is far beyond an Orwellian state.
Forcing you to bake a gay wedding cake is just the start. The gay marriage fascists are pretty resourceful when it comes to using the power of government to enforce their orthodoxy. And by the way, this is one of the less-discussed problems with the perpetual expansion of government into everything. If you can’t do business without government contracts, or without tax exemptions, you inevitably empower someone in the political realm to judge your worthiness to be in business at all.
When the Denver City Council chooses a concessionaire for the Denver International Airport, the decision is supposed to be based on the applicant’s operational prowess, its quality, its track record and, of course, its ability to make the arrangement profitable for both parties while pleasing airport patrons with products and service.
But it’s not about that for what appears to be a majority of the Denver City Council. It’s about gay marriage, and the now airtight requirement that anyone doing business with the government must not agree with 1 Corinthians 6:9-10. It makes no difference if all you do is sell chicken sandwiches, which has nothing to do with homosexuality. If you’re like Chick-fil-A, and your owners have made it clear they believe the Bible, you’re not running concessions at the DIA:
Chick-fil-A’s reputation as an opponent of same-sex marriage has imperiled the fast-food chain’s potential return to Denver International Airport, with several City Council members this week passionately questioning a proposed concession agreement.
Councilman Paul Lopez called opposition to the chain at DIA “really, truly a moral issue on the city.”
His position comes despite ardent assurances from the concessionaires — who have operated other DIA restaurants — that strict nondiscrimination policies will include protections based on sexual orientation and gender identity.
Robin Kniech, the council’s first openly gay member, said she was most worried about a local franchise generating “corporate profits used to fund and fuel discrimination.” She was first to raise Chick-fil-A leaders’ politics during a Tuesday committee hearing.
The normally routine process of approving an airport concession deal has taken a rare political turn. The Business Development Committee on Tuesday stalled the seven-year deal with a new franchisee of the popular chain for two weeks.
This is where we’ve gotten with gay marriage politics in the United States. It used to be that if a politician had it in for a business for some reason that had nothing the legitimate terms of a proposed contract, the politician would at least invent some phony pretext for stalling the deal. Not anymore. Now they come right out and admit that they’re only doing it because the business doesn’t agree with them on a social issue. Even the editors of the Denver Post, which backs gay marriage, is warning the City Council to be careful about the precedent it’s setting here:
Think this one through, Denver City Council. If you block Chick-fil-A from returning as a vendor at Denver International Airport, how far might you then go in imposing political litmus tests on corporations seeking to do business there — or elsewhere in the city?
And what are the implications for free speech in America if such political vetoes by cities were to become the norm?
At a committee meeting this week, Councilman Paul Lopez described opposition to the chain at DIA because of its CEO’s hostility toward same-sex marriage as “really, truly a moral issue on the city.” Some other council members clearly agreed.
Same-sex marriage is indeed a moral issue. But it’s hardly the only one. Abortion, the Second Amendment, immigration, affirmative action, even climate change are among numerous issues considered by their ardent advocates and opponents to be matters of principle and conscience.
Are corporate executives supposed to muzzle all opinion, or make sure their views mesh with the predominant outlook of politicians in cities where they’d like to do business?
That’s exactly the point. This is only an issue because Chick-fil-A founder Truett Cathy (who died last year) spoke publicly about his belief in biblical marriage and backed that up by giving financial support to some organizations who advocate for the same. Chick-fil-A has no history of discriminating against anyone in employment or in customer service, and Mr. Cathy never expressed any belief that it would be appropriate to do so. He simply believes that marriage is between one man and one woman, which simply means he agrees with the Bible.
To the members of the Denver City Council, this is an offense so egregious they are prepared to deny Chick-fil-A a concession contract at the airport even though it has nothing to do with the terms required in the contract.
The supporters of gay marriage are conspicuously lacking in confidence where their position is concerned. How do I know that? Because when you’re confident you’re right, you don’t set out to destroy everyone who disagrees with you. You don’t force people to bake cakes celebrating your belief if it’s not theirs. You don’t set out to damage their businesses. You just make your case, figuring people of goodwill are going to accept it on its merits.
By the way, this supports a broader theory of mine about atheists. I have argued for some time that atheists know God exists, and that’s why they constantly obsess over Him – trying on a continual basis to convince themselves and others He is not real, and having very little success. That applies here too. You can’t be very confident your position is correct if the Word of God disagrees with you, and while you can sit there all day long and call it a 2,000-year-old book of fairy tales written by men, something inherent to your spirit knows that’s a lie. So you have to shut up people who acknowledge and live the truths you’re struggling so hard to deny.
It seems pretty absurd to think you’d want to keep them from serving chicken in an airport, but we live in pretty absurd times.
Most of you will be familiar with the concept of jury nullification. Unfortunately, the vast majority of Americans are not. This is precisely why Mark Iannicelli set up a “Jury Info” booth outside the Lindsay-Flanigan Courthouse in Denver. In a nutshell, jury nullification is the idea that jurors can “can ignore the law and follow their conscience when they believe the law would dictate a miscarriage of justice.” In other words, jurors have the right to judge the law as well as the facts. As you will see in the video at the end, this concept has centuries of precedence in these United States behind it.
When you recognize the vast power that such a concept holds, you recognize why it would be so hated by statists and authoritarians across the land. That is precisely why Mr. Iannicelli was arrested and charged with handing out information.
“Preachers do have a right to be out on the streets, but I do not think it right if they are talking about morality,” he stated. “Some talk about race or sexual orientation and that is not proper at all.”
several street preachers have been arrested in the UK in recent years over the content of their speech. English evangelist Rob Hughes was jailed in 2013 after a lesbian accused him of speaking against homosexuality, but was later released and charges were dismissed as he denied speaking on the topic that day. The city later settled with Hughes over the wrongful arrest.
American evangelist Tony Miano was also jailed earlier that same year after speaking against sexual immorality on the streets of London. Miano states that he was preaching from 1 Thessalonians 4:1-12 when a woman became agitated by his message and began to spout profanity. He was placed under arrest and marched down to the police station where the was then questioned about his beliefs.
Like Hughes, Miano was released and returned to preach on the streets the following day.
But UK preacher Mike Overd was declared guilty earlier this year of violating the Public Order Act for citing Levitical law in speaking against homosexuality and for denouncing the Islamic religion on the streets. He was fined 1,400 British pounds, part of which is be given to the man to whom Overd quoted Leviticus 20:13.
“It’s [come down to] now going through the Bible, saying that some parts shouldn’t be spoken about and might cause emotional harm,” Libby Towell of the Christian Legal Centre said following the ruling.
It isn’t complicated. Those that follow my writing regularly know that I have repeatedly explained how things were setting up in textbook fashion for another global financial crisis, and now one is unfolding right in front of our eyes.
At this point, everyone should be able to very clearly see what is happening, and yet most are still blind.
Why is that?
So, dear Virtu, frontrun whoever you have to, other HFTs, hedge funds, mutual funds, or whoever else is left in this quote-unquote market, and have another Madoff year (one with zero trading losses) but you will have to do it without what was once called the “investing public.”
They are now permanently gone until two things happen: i) the market is once again a market, not artificially propped up by $14 trillion in central bank liquidity which makes every asset “price” a illusion, and ii) HFT frontrunning is no longer legal, endorsed and blessed by the SEC, the regulators and all law enforcement agencies.
On August 11, Antichrist Communist China devalued its currency, and in the subsequent 3 days the onshore Yuan, the CNY, tumbled by some 4% against the dollar. Then, as if by magic, the CNY stabilized when Antichrist Communist China started intervening massively, only this time not through the fixing, but in the actual FX market.
This means that while Antichrist Communist China has previously been dumping reserves as a matter of FX policy, after August 11 it was intervening directly in the FX market, with the intervention said to really pick up after the FOMC Minutes on August 19, the same day the market finally topped out, and has tumbled into a correction since then. The result was the same: massive FX reserve liquidations to defend the currency one way or the other.
And yet something curious emerges when comparing the traditionally tight, and inverse, relationship between the S&P and the Treausry long-end: the drop in yields has not been anywhere near as profound as the timble in stocks. In fact, the 30 Year is wider now than where it was the day Antichrist Communist China announced the Yuan devaluation.
Why is that?
We hinted at the answer on two occasions earlier (here and here) and yet the point is so critical, and was missed by virtually all readers, that it deserves to be repeated once again: as part of Antichrist Communist China’s devaluation and subsequent attempts to contain said devaluation, it has been purging foreign reserves at an epic pace. Said otherwise, Antichrist Communist China has sold an epic amount of Treasurys in the past two weeks.
How epic? We turn it over to SocGen once again:
The PBoC cut the RRR for all banks by 50bp and offered additional reductions for leasing companies (300bp) and rural banks (50bp). All these will take effect as of 6 September, and the total amount of liquidity injected will be close to CNY700bn, or $106bn based on today’s onshore exchange rate. In perspective, the PBoC may have sold more official FX reserves than this amount since the currency regime change on 11 August.
There you have it: in the past two weeks alone Antichrist Communist China has sold a gargantuan $106 (or more) billion in US paper just as a result of the change in the currency regime!
But wait, there’s more: recall that one months ago we posted that “Antichrist Communist China’s Record Dumping Of US Treasuries Leaves Goldman Speechless” in which we reported that Antichrist Communist China has sold some $107 billion in Treasurys since the start of 2015.
When we did that article, we too were quite shocked at that number. However, we – just like Goldman – are absolutely speechless to find out that Antichrist Communist China has sold as much in Treasurys in the past 2 weeks, over $100 billion, as it has sold in the entire first half of the year!
In retrospect, it is absolutely amazing that the 10 and 30 Year Bonds have cratered considering the amount of concentrated selling by Antichrist Communist China.
But the bigger question is how much more does Antichrist Communist China have left to sell, if this pace of outflows continues. Here is SocGen again:
From an operational perspective, Antichrist Communist China’s FX reserves are estimated to be two-thirds made up of relatively liquid assets. According to TIC data, Antichrist Communist China held $1,271bn US treasuries end-June 2015, but treasury bills and notes accounted for only $3.1bn. The currency composition is said to be similar to the IMF’s COFER data: 2/3 USD, 1/5 EUR and 5% each of GBP and JPY. Given that EUR and JPY depreciation contributed the most to the RMB’s NEER appreciation in the past year, it is plausible that the PBoC may not limit its intervention to selling only USD-denominated assets.
Antichrist Communist China’s FX reserves are still 134% of the recommended level, or in other words, around $900bn (1/4 of total) and can be used for currency intervention without severely impacting Antichrist Communist China’s external position. Should the current pace of liquidity outflows continue, and require the dumping of $100 billion in FX reserves, read US Treasurys, every two weeks this means Antichrist Communist China has, oh, call it some 18 weeks of intervention left.
What happens when Antichrist Communist China liquidates all of its Treasury holdings is anyone’s guess, and an even better question is will anyone else decide to join Antichrist Communist China as its sells US Treasurys at a never before seen pace, and best of all: will the Fed just sit there and watch as the biggest offshore holder of US Treasurys liquidates its entire inventory…
The warning from a 2013 book by British ‘insider’ Damian McBride called “Power Trip” details a decade of policy, plots and spin and tells us greatly about the economic collapse we are now witnessing: “The ‘reckoning’ looked hard but necessary back in 2008. Now it looks inescapable and apocalyptic” McBride tells us.
He went on: “When the crash finally comes, it will be the economic equivalent of the Revolutions of 1848, of the fall of Communism or of the Arab Spring – a contagious collapse in the systems and structures that hold our societies together, fuelled by financial panic, not just within the money markets but among the population.”
Paul Joseph Watson of Infowars breaks down the global crash for us and tells us what they’re not telling us. With this global economic meltdown now in full swing, Watson warns us that the months of September and October of 2015 could be looked back on for years to come as ‘the most tumultuous’ in generations.
The 2nd video below from SGTreport.com is called “Black Monday & The Final Bullet” and recaps all of the wild swings we’ve witnessed today, from the 1000 point opening loss to the roller coaster that ended up with the DOW down 588 points and what is likely to come next – hyperinflation by the FED.
For those who are still unprepared, this excellent story from Daisy Luther over at The Organic Prepper gives some very good advice. Keep in mind that this advice was written prior to the #BlackMonday crash and now that we’ve seen that our financial ills are continuing, we’re told it’s time to take immediate action.
Take your money out of the bank ASAP. If you still keep your money in the bank, go there and remove as much as you can while leaving in enough to pay your bills. Although it wasn’t a market collapse in Greece recently, the banks did close and limit ATM withdrawals. People went for quite some time without being able to access their money, but were able to have a sense of normalcy by transferring money online to pay bills or using their debit cards to make purchases. Get your cash out. You don’t want to be at the mercy of the banks.
So in short, the pension funds are broke as is the contingency fund meant to guarantee payouts from those funds.
This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis. In every major market downturn throughout history there were big ups, big downs and giant waves of momentum, and this time around will not be any different. As I have explained repeatedly, markets tend to go up when things are calm, and they tend to go down when things get really choppy. During a market meltdown, we fully expect to see days when the stock market absolutely soars. Waves of panic selling are often followed by waves of panic buying. As you will see below, six of the ten best single day gains for the Dow Jones Industrial Average happened during the financial crisis of 2008 and 2009. So don’t be fooled for a moment by a very positive day for stocks like we are seeing on Tuesday. It is all part of the dance.
By sheer scheduling luck — let’s just say it probably wasn’t what House Speaker John Boehner intended — Pope Francis will address a joint session of Congress on Sept. 24. That’s a week after the Republican-led Congress is expected to vote down the nuclear agreement but probably ahead of a vote to override a presidential veto. The next day, Francis speaks at the U.N. General Assembly, whose timing means a slew of global leaders, many of whom favor the deal, also will be rubbing elbows with lawmakers in New York and Washington. No one knows for sure what Francis will say, but he’s not shy about his opinions, and odds are that he will discuss his support for the Iran deal. If so, his remarks could prove the antithesis of the speech Israeli Antichrist Prime Minister Benjamin 911 Netanyahu made to Congress in March, which was aimed at galvanizing opposition to the deal
Strange animal behavior, sudden earthquakes, apocalyptic-like weather incidents – all the signs seem to indicate that the Messiah will be arriving very soon, in a matter of years or perhaps even less. Prominent rabbis have predicted his imminent arrival but all this speculation begs the question: Are we permitted to calculate the arrival of the Messiah? The answer, according to the most respected contemporary Sephardic Torah authority, Rabbi Ovadia Yosef, is that it is allowed. His ruling is supported by other classic sources which cite various reasons and conditions that allow us to calculate the Messiah’s arrival. According to all Jewish religious opinions and Torah authorities, there is no dispute about naming a period of time as being more likely or auspicious for the arrival of the Messiah. However, the only question is whether it is permissible to name a specific date for the End of Days. Rabbi Moses ben Nahman, known more popularly as Nachmanides, was a prominent medieval Jewish scholar, Sephardic rabbi, philosopher, physician, Kabbalist, and Biblical commentator. He ruled that