83115 Gleaning Goodbye Delusion Summer Is Finished
It gets better: if what Ynet reports is accurate, Antichrist Iran’s brief tenure as Obozo’s BFF in the middle east is about to expire:
The burden of Damascus. Lo, Damascus is taken away from [being] a city, And it hath been a heap — a ruin.
What force am I talking about? Well theres many different names for what im talking about, but lets use some of the more commonly referred to shall we. The force is speak of is the spiritual force, the consciousness of the universe, God, or whatever term fits your personal belief system.
There is so much more going on that we can even begin to not only appreciate, but comprehend!
Expect more big news from CERN in the next few weeks as they up the stakes and swap out proton for the heavier ions of lead, which they will collide together at 99.999999% the speed of light in the hope that they can unlock the secrets of the universe.
At the very least they are determined to rip the veil that seperates this dimension from the next, not my words, theirs!
Lets hope the arrogance of mankind isnt going to be our downfall.<–Lol,Too late, way too late.
Seriously, what the f##k is going on over there?
*BLAST SEEN IN CHEM. IND. ZONE IN SHANDONG, ANTICHRIST COMMUNIST CHINA: PEOPLES DAILY
This is the second explosion in Shandong, which both follow the huge and deadly explosion in Tianjin.
We’ll await the details which we imagine will suggest that, as was the case in Tianjin, many more tonnes of something terribly toxic were stored than is allowed under Antichrist China’s regulatory regime which apparently only applies to those who are not somehow connected to the Politburo.
After the last Shandong explosion, The People’s Daily reported that the plant contained adiponitrile, which the CDC says can cause “irritation eyes, skin, respiratory system; headache, dizziness, lassitude (weakness, exhaustion), confusion, convulsions; blurred vision; dyspnea (breathing difficulty); abdominal pain, nausea, [and] vomiting.”
How many Boomers or Gen Xers are prepared for 0% returns on their 401ks over the next ten years, with a 50% plunge thrown in for good measure? This market pullback is a drop in the proverbial bucket. Everyone should be using this dead cat bounce as an opportunity to get out of the market. But most will not heed Hussman’s advice. Their cognitive dissonance is too overwhelming
The Fed is now nothing more than a helpless bunch of academic theorist bystanders as they already have interest rates at zero and have poured $3 trillion down the drain in their fruitless Keynesian effort to revive this zombie economy. Low interest rates didn’t work and they will not avert the coming stock market collapse.
Now for the money quote. Market crashes happen in stages. After an initial plunge, a recovery bounce occurs but fails to reach the pre-plunge levels. And then the bottom falls out.
As I noted early this year (see A Better Lesson than “This Time Is Different”), market crashes “have tended to unfold after the market has already lost 10-14% and the recovery from that low fails.” Prior pre-crash bounces have generally been in the 6-7% range, which is what we observed last week, so I certainly don’t see that bounce as having removed any of our concerns. We remain extremely alert to the prospect for much more extended market losses.
Despite the brave talk from the buy and hold crowd, no one is prepared for a 50% loss over an 18 month horizon. These are the people who will hold until the market has already fallen by 30% and then panic. It has paid to be reckless and foolish over the last three years. It’s this same reckless attitude that brought down the dot.com day traders in 2001, house flippers in 2006, and subprime derivative gurus in 2008. Rational, risk averse, clear minded people need to bail out of the stock market now. It may be your last chance.
The tremors rattling markets are not exactly what they seem to be. A meme prevails that these movements represent a kind of financial peristalsis – regular wavelike workings of eternal progress toward an epic more of everything, especially profits! You can forget the supposedly “normal” cycles of the techno-industrial arrangement, which means, in particular, the business cycle of the standard economics textbooks. Those cycle are dying.
They’re dying because there really are Limits to Growth and we are now solidly in grips of those limits. Only we can’t recognize the way it is expressing itself, especially in political terms. What’s afoot is a not “recession” but a permanent contraction of what has been normal for a little over two hundred years. There is not going to be more of everything, especially profits, and the stock buyback orgy that has animated the corporate executive suites will be recognized shortly for what it is: an assest-stripping operation.
What’s happening now is a permanent contraction. Well, of course, nothing lasts forever, and the contraction is one phase of a greater transition. The cornucopians and techno-narcissists would like to think that we are transitioning into an even more lavish era of techno-wonderama — life in a padded recliner tapping on a tablet for everything! I don’t think so. Rather, we’re going medieval, and we’re doing it the hard way because there’s just not enough to go around and the swollen populations of the world are going to be fighting over what’s left.
Actually, we’ll be lucky if we can go medieval, because there’s no guarantee that the contraction has to stop there, especially if we behave really badly about it — and based on the way we’re acting now, it’s hard to be optimistic about our behavior improving. Going medieval would imply living within the solar energy income of the planet, and by that I don’t mean photo-voltaic panels, but rather what the planet might provide in the way of plant and animal “income” for a substantially smaller population of humans. That plus a long-term resource salvage operation.
All the grand movements of stock indexes and central banks are just a diverting sort of stagecraft within the larger pageant of this contraction. The governors of the Federal Reserve play the role of viziers in this comic melodrama. That is, they are exalted figures robed in magical Brooks Brothers summer poplin pretending to have supernatural power to control events. You can tell from their recent assembly out west — “A-holes at the J-hole” — that they are very much in doubt that their “powers” will continue to be taken seriously. This endless hand-wringing over a measily quarter-point interest rate hike is like some quarrel among alchemists as to whether a quarter-degree rise in temperature might render a lump of clay into a gold nugget.
What they do doesn’t matter anymore. What matters is that a great deal of the notional “wealth” they conjured up over the past decade or so is about to vanish —poof! Perhaps that will look like a black magic act. That wealth seemed so real! The bulging portfolios with their exquisite allocations! The clever options! The cunning shorts. Especially the canny bets in dark derivative pools! All up in a vapor. The sad truth being it was never there in the first place. It was just an hallucination induced by the manipulation of markets and the criminal misrepresentation of statistics, especially the employment numbers.
There are rumors that the Grand Vizeress of all, Ms. Yellen, is flirting with possible indictment over the “leakage” of valuable information out of her inner circle to potential profiteers. Whoops. It may lead nowhere but to me it is an index of her more general loss of credibility. All year she has spouted supernaturally fallacious nonsense about how “the data” guides Fed decision-making. Only her data is contrary to what is actually happening in the pathetic Rube Goldberg contraption that the so-called US economy has become (Walmart + entitlements). Her “guidance” amounts to a lot of futile drum-beating on a turret of the Fed castle, hoping to make it rain prosperity. Her enigmatic utterances have kept financial markets in a narrow sideways channel most of the year until recently.
I’d say she’d lost her mojo, and the lesser viziers on the Fed board are looking more and more like the larval, sunken-chested dweebs that they really are. So where is the nation to turn? Why, to the great blustering Trump, with his “can-do” bombast about “making America great again.” What does he mean, exactly? Like, making America the way it was in 1958?” Behold: the return of the great steel rolling mills along the banks of the Monongahela (and so on)! Fuggeddabowdit. Ain’t gonna happen.
I have to say it again: prepare to get smaller and more local. Things on the grand level are not going to work out. Get your shit together locally, and do it in place that has some prospect for keeping on: a small town somewhere food can be grown and especially places near the inland waterways where some kind of commercial exchange might continue in the absence of the trucking industry. Sound outlandish? Okay then. Keep buying Tesla stock and party on, dudes. Hail the viziers in their star-and-planet bedizened Brooks Brother raiment. Put your head between your legs and kiss your ass goodbye.
Amidst the staggering diversity that is life on earth, there is a surprising thread of commonality. That shared ground is the language of genetics. Prior to the discovery of DNA, few suspected that a single molecular code could underpin such a panoply of biological forms – everything from viruses to talking apes. Even more startling was the discovery that this code consisted of a molecular language only four base pairs in length. It took evolution a billion years to devise this four-letter chemical code. Now for the first time in recorded history, organisms with a new, expanded, genetic code are taking shape in the laboratory. It’s no exaggeration to say that life on earth will never be the same.
While the playboy of biology, Craig Venter, has stolen many of the recent headlines in regards to synthetic biology, the more interesting advances in the field are occurring with surprisingly little fanfare. And not without good reason: many of the corporate labs pursuing synthetic biology have little cause to draw excess attention to themselves. They’ve learned all too well from the disastrous backlash against genetically modified foods that the public is not necessarily the wisest arbiter of scientific advancement. If we were to ban GMO crops tomorrow, half the population of the world would starve in short order. Yet this seems to be precisely what a large percentage of the “well-fed” in places like the United States are angling for. But I digress
Goode Intelligence forecasts that by 2020, there will be over 620 million mobile banking app downloads that support biometrics for customer authentication and transaction verification. Additionally almost 160 million wearable devices will be benefiting from seamless biometric authentication for accessing banking services on a variety of wearables including smartwatches and bands. Alan Goode, author of the report and founder of Goode Intelligence said “The ability to provide secure and convenient customer authentication and transaction verification solutions to all bank channels, including the high-growth mobile channel, is vital if banks are to compete with challenger banks that do not have the issue of legacy technology infrastructure. Banks are looking for technology that can add simplicity to customer identification across all of their channels, whilst maintaining acceptable levels of fraud. If they can deploy a common authentication and identity solution across all banking channels, they can benefit from reduced deployment and management costs. Biometric technology on mobile and wearable devices allows banks to offer a common and frictionless authentication experience across a wide variety of bank channels.”
Consumers will hear more about a “liability shift” that takes place in October. The shift puts more pressure on merchants to add chip readers at register. Banks have more incentive to issue chip cards.
Techies are calling the upcoming shift in how we will use our credit cards at the store something like “dip the chip.”
It’s not a bad way of explaining things. Instead of swiping our plastic, we’ll be able to slide or dip our chip-equipped credit cards at chip-enabled terminals at the register. You might see the new way of doing things as soon as the next time you shop at Target or another big retailer.
A unique one-time code is generated every time a card with a chip is used, and a one-time code is hard for crooks to duplicate to make fake credit cards, according to card experts.
Chips aren’t entirely new. They’ve long been used in Canada and all across Europe. But the U.S. has been stuck in the swipe-and-sign mode for years. Beginning in October, though, some rules will change for merchants that will drive a shift into chip technology.
A week or so ago, my credit card issuer sent me a notice saying that I should be receiving a new EMV Chip Technology card for my MasterCard by October. Other consumers already have chip cards in hand.
Bank of America, for example, has been adding chip technology to its consumer credit cards since mid-2012 and started adding chips to debit cards last October. Bank of America said the vast majority of its debit card and credit card customers are expected to have cards with the microchip by the end of the year.
Chase said it plans to convert more than 70% of its credit card and debit cards to chip technology by year-end. The bank is also upgrading its ATMs to accept chip cards.
Some big-name retailers are rolling out new systems, as well. Target just finished setting up all of its stores to accept chip cards at its registers. Walmart and Sam’s Club stores began accepting chip-embedded credit cards last November.
What do you need to know about those chips? Here are five questions with answers.
1. Will the magnetic stripe on the back go away?
While major retailers are moving toward the chip terminals, many experts say smaller retailers are less likely to upgrade for some time.
Doug Johnson, senior vice president of payments and cybersecurity policy for the American Bankers Association, said less than half of merchants with point-of-sale devices in the store are expected to have chip-enabled systems in place by year-end.
While some merchants say the costs are too high, Johnson and others noted that options are available at fairly low costs, such as $30 or $40, to handle chip technology for those who use computer tablet devices at the register. The chip-and-sign devices, he said, are less costly than if we moved to a chip-and-PIN system. People will still sign for their purchases, typically, and not use a PIN with the chip credit cards.
It’s still going to take time to get the chip cards into the hands of consumers, too.
Stephanie Ericksen, vice president of Risk Products at Visa, said nearly 127 million — or about 18% — of all Visa cards at the end of July were chip-enabled cards. Those numbers will grow as we move into the holiday shopping season. Some banks are reissuing chip cards as credit cards reach expiration dates; others are rolling out cards in batches.
The industry expects that about 63% of credit and debit cards should contain EMV chips by the end of 2015. That’s expected to increase to 98% by the end of 2017, according to the Payments Security Task Force, which was formed in early 2014 and includes groups in the electronic payments industry, including banks, retailers and others.
2. What happens if I don’t get a new chip card soon?
“Nothing really,” said Gerri Detweiler, at Credit.com.
If you don’t get a new chip card by this fall, she said, you will still be able to use your current card. Remember, the consumer’s liability for fraudulent purchases does not change. You’d still have the same protections.
The chip technology focuses on in-store purchases and cutting down on fraud involving fake cards. It does not address online purchases, but other technology down the line would offer more secure online purchases.
3. How do I know if I have a chip card?
Look at the front of your card on the left-hand side. Do you see small metallic gold- or silver-looking rectangle, possibly above the first four digits of your card number? That’s the chip. The chip only provides extra security with a chip-enabled device. If you swipe, the extra level of security is not present.
4. What kind of mishaps can happen with the new chip cards?
Consumers have to learn a new payment process but it’s not really rocket science.
“It’s a quick transaction,” said Randy Hargrove, a spokesman for Walmart in Bentonville, Ark. “Once you do it the first time, it’s certainly an easy transaction.”
Consumers just need to get used to doing things slightly differently at the store. Some stores once allowed you to swipe your card long before the clerk rang up the entire cart. The chip system is different. You need to wait to insert the card in the reader until all your items are rung up. The reason? The transaction itself is part of the coding process.
“You have to wait until everything has been totaled up,” said Michael Moesser, director of payments practices for at Javelin Strategy & Research.
You also have to wait a while for the process. Some clerks have had to tell customers to keep the card in the reader until they hear a beep or get another signal. Some shoppers think you can put the chip card in and pull it out of the reader quickly, and that’s not the case.
You must leave that card in the reader until prompted to take it out. You’re going to sign for the purchase, if a signature is required, while the card is in the reader, too.
Moesser is concerned that some consumers might forget to take the card out, particularly if they’re in a hurry.
But again, terminals give off a beep or might flash to let you know the transaction has been authorized and to remember to take the card.
Also, the chip isn’t going to help right now with online sales.
“The EMV chip technology is intended to combat card-present fraud in stores, specifically counterfeit cards,” Moesser said.
“Unfortunately, the chip technology does not apply to online purchases, where the physical card is not used in the transaction. Card issuers and banks are working with merchants to promote widespread adoption of existing security features, as well as develop new ones to combat online credit card fraud,” Moesser said.
Another possible point of confusion: Right now, some terminals at stores look like they can accept a chip but do not have chip functionality yet. Some of those systems will be turned on later.
Various banks, including Bank of America, are sending out step-by-step instructions with the card or listing tips online. Target has listed some chip tips for shoppers in a blog.
The Payments Security Task Force and the EMV Migration Forum are working to provide education on the chip model. Their website, GoChipCard.com, has information on the chips for consumers, issuers and merchants.
5. What is this October deadline that I’m hearing about the news?
Beginning Oct. 1, merchants who have not updated point-of-sale devices to recognize chips will be held liable if there is fraud at the register in the store if the bank has issued cards with chips. Whoever has the older technology is liable for fraud. If both the bank and the retailer have updated their technology, the liability falls back to the bank.
Right now, the bank assumes that liability.
While, as a consumer, your credit and debit cards will change as a result of the inclusion of the chip, you will still not be liable for any transactions you did not authorize on your cards.
DARK MATTER—THE UNSEEN 80 percent of the universe’s mass—doesn’t emit, absorb or reflect light. Astronomers know it exists only because it interacts with our slice of the ordinary universe through gravity. Hence the hunt for this missing mass has focused on so-called WIMPs—Weakly Interacting Massive Particles—which interact with each other as infrequently as they interact with normal matter.
Physicists have reasons to look for alternatives to WIMPs. For two decades, astronomers have found less dark matter at the centers of galaxies than what WIMP models suggest they should. The discrepancy is even worse at the cores of the universe’s tiny dwarf galaxies, which have few ordinary stars but lots of dark matter.
About four years ago, James Bullock, a professor of physics and astronomy at the University of California, Irvine, began to wonder whether the standard view of dark matter was failing important empirical tests. “This was the point where I really started thinking hard about alternatives,” he said.
Bullock thinks that dark matter might instead be complex, something that interacts with itself strongly in the way that ordinary matter interacts with itself to form intricate structures like atoms and atomic elements. Such a self-interacting dark matter, Bullock suspects, could exist in a “dark sector,” somewhat parallel to our own light sector, but detectable only through the way it affects gravity.
He and his colleagues have created numerical simulations that predict what the universe would look like if dark matter feels strong interactions. They expected to see the model fail. Instead, they found that it was consistent with what astronomers observe.
Quanta Magazine spoke with Bullock about complex dark matter, how this mysterious mass might behave, and the best places in the universe to find it. An edited and condensed version of the interview follows.
QUANTA MAGAZINE: What do we know about dark matter?
JAMES BULLOCK: We are confident that it’s there, that it has mass, and that it tugs on itself and on other things via gravity. That’s about it. While dark matter has a gravitational tug, it doesn’t interact with normal matter—the stuff that makes up you and me—in a very intense way. It doesn’t shine. It’s invisible. It’s transparent. It doesn’t glow when it gets hot. Unfortunately, those are the ways astronomers usually study the universe; we usually follow the light.
So we don’t know what it’s made of?
We’ve come to understand that we can describe the world that we experience by the Standard Model of particle physics. We think of the particles that make up you and me as being broken down into constituent things, like quarks, and those quarks combine into neutrons and protons. There is a complicated dance that allows these particles to interact in certain ways. It gives rise to the periodic table of elements and all of the vast complexity we see around us. Just 20 percent of the mass of the universe is all of this complexity.
On the other hand, dark matter makes up something like 80 percent of the mass. First-guess models for what it is suggests that it is one particle that doesn’t really interact with much of anything—WIMPs. These are collisionless, meaning when two dark matter particles come at each other they basically go through each other.
Another possibility is this 80 percent of the universe is also complex. Maybe there’s something interesting going on in what’s called the dark sector. We know that whatever ties us to the dark matter is pretty weak or else we would have already seen it. This observation has led to the belief that all the interactions that could be going on with dark matter are weak. But there’s another possibility: When dark matter particles see themselves, there are complex and potentially very strong interactions. There even could be dark atoms and dark photons.
US lawmakers have only a few weeks left to decide the fate of the Antichrist Iran nuclear deal. While it remains unclear whether Iran will be officially allowed to keep its nuclear program, the Bible offers some prophetic perspectives on the ultimate outcome of the accord and its implications for Israel and the Jewish nation.
Everything began when Antichrist NWO 666 US President Barack Obozo The 911 Homosexual Climate Change Clown announced the “framework” of a nuclear agreement with Antichrist Iran. Few people commented on the date of his announcement, though the significance was undeniable. Whether by chance or design, the president made the announcement on April 1, which on the Hebrew calendar was the 13th of Nisan.
In the story of the Jewish holiday of Purim, the 13th of Nisan is the day an evil member of the Persian court convinced King Ahasuerus to issue a decree ordering all the Jews of his kingdom to death. To some, Obozo’s choice of days seemed disturbingly appropriate.
It should be noted ancient Persia is now present day Antichrist Iran.
Perhaps it was not entirely unintentional when Israeli Prime Minister Benjamin 911 Netanyahu chose March 3, the 13th of Adar on the Hebrew calendar, the eve of that same Jewish holiday, to address a joint session of the US Congress in an appeal to lawmakers to reject the nuclear deal.
According to the story of Purim, the Jewish Queen Esther went in to address her husband, the Persian King, to attempt to convince him to repeal Haman’s decree. If the Biblical connection was lost on Obozo, it was certainly not lost on the prime minister, who said:
“We’re an ancient people. In our nearly 4,000 years of history, many have tried repeatedly to destroy the Jewish people. Tomorrow night, on the Jewish holiday of Purim, we’ll read the Book of Esther. We’ll read of a powerful Persian viceroy named Haman, who plotted to destroy the Jewish people some 2,500 years ago. But a courageous Jewish woman, Queen Esther, exposed the plot and gave for the Jewish people the right to defend themselves against their enemies.”
US lawmakers are expected to vote on the fate of the Antichrist Iran deal during the Ten Days of Awe, the 10 days of divine judgement between the holidays of Rosh Hashana, the New Year, and Yom Kippur, the Day of Repentance. In Jewish tradition, on Rosh Hashana God opens the book of judgment and on Yom Kippur he seals it.
The Yalkut Shimoni is the best known and most comprehensive anthology of the oral traditions of the Bible. The oldest known copy dates back to 1310 CE, though it is believed to be much older. The book contains a description of the current situation with Iran that could almost have come from a recent news source. In its commentary on the Book of Isaiah, the Yalkut Shimoni states:
“Rabbi Yitzchak said: ‘In the year in which the Messiah-King appears, all the nations of the world are provoking each other. The King of Persia provokes an Arab king and the Arab king turns to Aram for advice. And the King of Persia goes back and destroys the entire world. And all the nations of the world are in panic and distress and they fall upon their faces and are seized with pains like those of a woman giving birth, and Israel are in panic and distress and asking ‘Where shall we go? Where shall we go?,’ and He says to them ‘My sons, do not fear; all that I have done, I have done only for you. Why are you afraid? Do not fear, your time of redemption has come, and the final redemption is not like the first redemption, because the first redemption was followed by sorrow and servitude under other kingdoms, but the final redemption is not followed by sorrow and servitude under other kingdoms.”
As previously noted, Persia is now Antichrist Iran. Aram is generally considered to be Edom, which Bible scholars identify today as Europe.
The Biblical foresight of the Antichrist Iran nuclear deal have important implications for the future. While the Antichrist Iran nuclear threat is real, just as Esther defeated an evil Persian enemy, so too will Israel and the Jewish nation prevail.
Announcement from Italian energy company says field may hold 30 trillion cubic feet of natural gas; Egypt says parliamentary elections to take place in October.
Forget stocks, today was all about crude oil again…
WTI pushed into the green for August!!!
This is the biggest 3-day rise in WTI since 1990!!
And on the month… perhaps most notably, the perfect recoupling of crude and gold on the month!!??
3 Bear markets and 3 Bull markets now in 2015 so far… perfectly tagging the 50-day moving-average today…
Having got that out of the way…Dow’s worst monthly drop since May 2010
Stocks got some lift from the momo-igniters -but once NYMEX closed, it was over. Stocks traded in a relatiovely narrow range glued to VWAP after the overnight plunge… Small Caps outperformed as Nasdaq Underporformed…
Once again complete chaos on VIX ETFs…
VIX had its biggest monthly jump in history…
Finally – amid all the chaos in August, it appears there is a safe-haven… Gold outperforms
With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling toward main street America intensifies. That’s because 80 months—– and counting—–of zero interest rates are fueling the most stupendous gambling frenzy that Wall Street has ever witnessed or even imagined. Sooner or later, therefore, this mother of all financial bubbles will splatter, bringing untold harm to millions of households which have been lured back into the casino.
The truth is, zero cost in the money market is irrelevant to main street. As we have repeatedly demonstrated the household sector is stranded at “peak debt” and, consequently, there is no interest rate low enough to elicit a spree of pre-crisis style consumer borrowing and spending. Based on the clueless jawing that occurred this weekend at Jackson Hole, the following simple chart that I laid out last week bears repeating:
On the eve of the financial crisis in Q1 2008, total household debt outstanding—including mortgages, credit cards, auto loans, student loans and the rest——– was $13.957 trillion. That compare to $13.568 trillion outstanding at the end of Q1 2015.
80 months of ZIRP and an unprecedented incentive to borrow and spend, households have actually liquidated nearly $400 billion or 3% of their pre-crisis debt.
Likewise, zero money market rates are irrelevant to legitimate business finance. That’s because no sane executive would finance the life blood of his enterprise—–the working stock of raw, intermediate and finished goods——in the overnight money market; and, self-evidently, free overnight money is beside the point when it comes to funding long-term, illiquid but productive assets such as plant, equipment and software.
In fact, the only impact that free money market funding has on corporate America is round-about and perverse. To wit, it flushes money managers into a desperate quest for yield and provides stock speculators with endless opportunities to load up their trucks with zero cost carry trades, thereby driving the stock averages to lunatic heights.
As a result of this double-whammy, the C-suites of corporate America have been turned into glorified gambling parlors. The stock option obsessed executives domiciled there are endlessly and overpoweringly presented with the opportunity to sell cheap corporate credit to yield-hungry fund mangers and use the proceeds to buyback their own over-priced stock or to acquire at a hefty premium the equally over-priced stock of their competitors, suppliers and customers, or any other company that Wall Street bankers happen to be peddling.
Again, as I demonstrated last week, after 80-months of the absurd proposition that money has no natural and inherent economic cost the pettifoggers who held forth at Jackson Hole betrayed no clue whatsoever that they are aware of the obvious:
In short, the Fed’s 2% target as practiced in the Eccles Building and gummed about by Fischer last Saturday is nothing more than the arbitrary concoction of one demonstrably erroneous and obsolete school of economics. Over the past two decades these Keynesian statist throwbacks to the 1930s have infiltrated the boards and staffs of most of the world’s central banks——and have used their unlimited resources to hire most of the worlds so-called “monetary economists” to write self-justifying studies and perform “research” that is more in the nature of what used to be called “agit prop”.
At the same time, how could the legions of financiers, fund managers, economists, strategists and traders who inhabit Wall Street possibly object——-even if they have no use whatsoever for the Keynesian religion of Fischer and his sidekicks?
The answer is in the chart below. Under the guise of its silly and arbitrary Humphrey-Hawkins targets the academic fools and crony capitalist opportunists who inhabit the Fed have been delivering a relentless drip of monetary heroin to the casino gamblers 80% of the time over the last 25 years.
When the next financial bubble crashes it can only be hoped that this time the people will grab their torches and pitchforks. Stanley Fischer ought to be among the first tarred and feathered for the calamity that he has so arrogantly helped enable.
In the movie Back to the Future Part Two, the film’s characters, Marty, Doc, and Jennifer, go into the future (2015) using a time-traveling DeLorean car. However Biff Tannen steals the time machine to give his younger self a book containing 50 years of sports statistics, which allows him to make a fortune through gambling. Ironically, Biff makes his first bet on his birthday, October 21, an important date in the film’s timeline. Putting “alternative futures” aside, the film suggests that sometimes you have to go back to the past to uncover the future. Is it possible that in Mankind’s past there is an historical event which acts as a code, enabling us to predict the future of stock markets and the global financial system?
In January 2014 the Managing Director of the International Monetary Fund, Christine Lagarde, addressed prominent members of the media and made numerous odd, occult-sounding references, even using the term “magic,” and referring to numerology with an emphasis on the number seven. People have tried to dismiss the concern about her odd statements as a “conspiracy theory,” but she is definitely communicating a message on behalf of the global elite on the future of our global society and global financial system. If you understand anything about the significance of the number seven in the occult and numerology, she is not just rambling incoherently.
Then while speaking at the Council on Foreign Relations in Washington D.C. on January 15, 2015, Lagarde gave another occult speech entitled “Three Rosetta Moments for the Global Economy in 2015.” Perhaps one of the first researchers to publicly comment on the occult nature of her presentations was author Steve Quayle, but he is not alone… numerous others believe she was giving a hidden message.
If we understand that the world’s first global economic market began in ancient Babylon at the Tower of Babel, then the current and future global economic system, global system of governance, and global religion all start to make sense; in fact, you could plan your financial future and investments on the data which we call the Babylon Code in our new book with that title.
After over 40 years of research, I and my co-author Troy Anderson, a Pulitzer Prize-nominated journalist, have concluded that we live in the exact time period when Babylon is literally being rebooted before our very eyes. For those who will bother to take the time to understand the financial, geopolitical, and spiritual implications of this, there is much to be gained from this information. In a manner more statistically reliable than Nostradamus, Edgar Cayce, and the most competent astrologers, the Old Testament prophets and the New Testament apostles like John give us a precise timetable predicting the return of economic, political, and spiritual Babylon in our day.
The Tower of Babel was an astrological worship tower built by Nimrod, which enabled the people to reach into the heavens and “worship the host of heaven.” This occult spiritual system, which is known as “Mystery Babylon,” is a coded system that relies heavily on an occult understanding of astrology, numerology, symbols, precise dates, and a vast spectrum of technology and science that was given to Mankind on Mount Hermon before the Flood of Noah.
Lagarde and the global financial elite fully understand the geopolitical realities of the rise of Babylon, and, true to their creed, they are “hiding” it from us in plain sight! During her first speech, when Christine Lagarde mentioned things like seventy years and the number seven repeatedly, you could hear the journalists laugh in the room because they mistakenly thought she was making a joke. But Lagarde was not joking; she was openly giving them the key to understanding what she referred to as the “global reset,” which was mentioned in her title, “Three Rosetta Moments for the Global Economy in 2015.” Lagarde and the financial elite that she is part of literally went “back to the future,” and revealed, in an ancient Babylonian code, if you know how to decipher it, three important global changes that are happening now. The first will be the transformational changes in global economics that will result in an entirely new global financial system. The second transformation will be the global implementation of structural reforms that will include the passing of comprehensive trade treaties, expanding the power of global financial institutions like the IMF, World Bank, and Central Banks, including America’s Federal Reserve System. The third transformation will be global financial and political regulation through the establishment of a “Supra World Economic and Global Government,” whose regulatory institutions will direct “sustainable development,” which means implementing the genocidal Agenda 21 and new climate change treaties.
Lagarde and the world’s elite are very familiar with what the Bible calls, “Mystery Babylon.” They understand the purpose of the Egyptian Mystery Schools and the symbolism involved. Lagarde’s “Rosetta Stone Moments” are designed to explain to the initiated what is going to happen.
Lagarde and the global financial elite fully understand the “Rosetta Stone” analogy. The Rosetta Stone was unearthed in 1799 by Napoleon’s troops stationed along the West Bank of the Nile River in Egypt. The discovery of the Rosetta Stone, which was a commemorative pillar with the same inscription in Egyptian hieroglyphics, Demotic, and Greek, enabled linguists to decode and decipher the ancient Egyptian hieroglyphics. The Rosetta Stone sets down a decree composed by Egyptian priests at Memphis, exercising their political will on the direction of their civilization. Deciphering the Rosetta Stone stimulated a deep fascination in the West with Egyptian civilization, symbolism, architecture, and spirituality. The George Washington Masonic National Memorial in Alexandria, Virginia replicates the ancient Pharos Lighthouse of Alexandria, Egypt, one of the seven wonders of the ancient world.
The Washington Monument built in our nation’s capital, features a towering Egyptian obelisk celebrating our nation’s first president, George Washington, and his Freemason beliefs. It is important to note that the global elites such as the Illuminati embraced Egyptian architecture, symbolism, mathematics, and spirituality when America was officially founded in 1776…the same year the Illuminati was established. In the 1750s Egyptian features were placed in Masonic lodges in England, France, and Central Europe. The use of the French Master Mason’s apron, which paintings of George Washington feature him wearing, were common, along with Egyptian temples, obelisks, and pyramids. Even in the Vatican City, one sees obelisks and Egyptian architecture.
Freemasons included almost every major thinker of the French Enlightenment. Lagarde appears to come from the Illuminati elite who are well versed in Egyptian symbolism and occult spirituality, which ties directly to ancient Babylon. Ancient Egyptian culture was inspired by ancient Babylon; Egypt simply changed the names of the gods and goddesses and other externals. For example, Nimrod, the builder of the Tower of Babel and ancient Babylon, along with his wife Semiramis, simply had their names changed. Nimrod was renamed as the sun god Ra by his wife Semiramis after she allegedly murdered him. As time progressed, both Nimrod and Semiramis had their names changed. Nimrod became Ra, Osiris, Apollo, Zeus, Neptune, etc. Semiramis became Isis, Aphrodite, Venus, Diana, etc.
The Illuminati are openly rebuilding Babylon in our lifetime. Babylon was physically located near the present city of Baghdad in Iraq and was being rebuilt by Saddam Hussein. Today American troops are guarding ancient Babylon as it is being secretly rebuilt. America was planned by Rosicrucian leaders like Sir Francis Bacon in the mid- 1600s to be the head of the new world order and the New Atlantis. In this new global Babylonian system which Lagarde is making concealed references to, America, Europe, and a rebuilt Babylon will all play leading roles. Simply look at the back of any U.S. dollar and you see an Egyptian pyramid with the all-seeing eye of Horus or Lucifer and the words “new world order” in Latin on the base of the Pyramid.
When Lagarde talks about the a global reset, she is talking about the return of the one world economic system, one world government, and one world religion that characterized ancient Babylon and the Tower of Babel. The purpose of the structural “reforms,” financial regulations, Trade Treaties, etc. is to crash the global economic system in the near future, which will allow the financial elite to wipe out debts, protect their wealth, and then create a new global currency that will soon be cashless. On the other side of the U.S. dollar is a picture of a legendary bird called the Phoenix, a bird that is burned up in flames but supernaturally comes back to life, rising from the ashes. This is the future of America and other parts of the world. The world’s elite has carefully planned the destruction of America, and plan for a new America resembling Babylon that will rise from the ashes. This will mean a new world currency along with a new world economic, political, and religious order.
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