9815 Gleaning Tuning Up
The storm has been making its way to Israel from Iraq and Syria over the past week. It is expected to remain in Israel’s skies throughout Tuesday, and possibly until Wednesday morning, according to meteorologists.
In addition to these court proceedings the Sanhedrin has added an Addendum that will literally floor every Christian out there!! Please don’t miss this CRUCIAL report…
You may be surprised to learn that in 2004 the Antichrist Sanhedrin—who constituted the supreme court and legislative body in Judea during the Antichrist Pagan Roman period—re-established itself marking a huge prophetic piece of the puzzle to any Biblical Christian living today. If you follow bible prophecy then you are aware that the Antichrist Sanhedrin needs to be re-established in order to prepare for the building of the prophetic Antichrist Third Jewish Temple.
The group is comprised of 71 Antichrist Jewish sages who are well versed in Jewish Law and of their main goals is the rebuilding of the Third Jewish Temple.
Today the Antichrist Sanhedrin is disturbed about what the world is doing to the Nation of Israel and as a result they are taking Obozo, the Petrus Romanus Pope, the Antichrist NWO 666 United Nations, the Antichrist European Whore Of Babylon Union and others to court to make their voices heard about these wrongdoings. Some of the injustices include: the backing of Antichrist Palestine, the backing of Antichrist homosexuality and the Antichrist NWO 666 Crypto Fascist Nuclear Treaty with Antichrist Iran. They have a total of seven courts, the first of which is taking place, September 9th— a very critical month.
Otzar Hamikdash has arranged for the over 200,000 silver coins that have been collected to be stored by Brinks Security, which insures them for 125 percent of their value, taking into account the fifth that must be added to replace anything sanctified. Prager wouldn’t go into details about the worth of the coins, but simply stated, “You have no idea.”
Currently, American law forbids the shipment of these coins to Israel. To bypass the American prohibition, the transfer of the half-shekel is arranged via a personal emissary or by individuals who Prager has contacted to operate collection points in the US.
Prager has been working almost entirely alone on this project, with many rabbinic organizations reluctant to get involved in what is new territory for them. “It takes one kind of courage to decide to actually collect the coins,” Prager explained to Breaking Israel News. “It’s another kind of courage to take the initiative to start using the coins that have been sanctified for their intended purpose. And I haven’t found rabbis who have that kind of courage.”
Once the coins are collected, they obtain the status of hekdesh (sanctified for holy use) and may no longer be used for any profane use. From the large pile of silver coins, nine baskets are set aside for trumat halishkah (donations for the Temple service). In Temple times, this tax funded the Temple service. It is also required in order for public offerings to be considered communal.
A tailor by profession, Prager brought down the priestly garments as an example of the real costs involved to produce the clothing according to Biblical specifications. “Real bigdei kahuna (clothing of the priests) cost about $5,000 a set to produce. And you need thousands of them,” he told Breaking Israel News. In addition, “hundreds of harps, hundreds of flutes” are also needed for the priests and Levites to carry out their Temple service.
The remainder of the money, called shearei halishkah (remainder of the office), is used to prepare Jerusalem for the three yearly festivals during which all of Israel is commanded to make a pilgrimage. Though the collection takes place over a period ending just before the holiday of Purim, the distribution and allocation of the coins is done three times a year, just before each of the festivals.
In the upcoming week, Otzar Hamikdash will separate out the coins that would have been used during the holiday of Sukkot if the Temple had been standing today.
Despite once being quite numerous, archaeologists have found very few of these coins. In 2008, the Israel Antiquities Authority found a silver half-shekel while digging around the City of David. Archaeologist Eli Shukron suggested how the coin arrived at that spot.
“Just like today,” he said, “when coins sometimes fall from our pockets and roll into drainage openings at the side of the street, that’s how it was some two thousand years ago – a man was on his way to the Temple and the shekel which he intended to use for paying the half-shekel head-tax found its way into the drainage channel.”
13 And the weight of the gold that is coming to Solomon in one year is six hundred and sixty and six talents of gold,
18 Here is the wisdom! He who is having the understanding, let him count the number of the beast, for the number of a man it is, and its number [is] 666.
`Whenever, therefore, ye may see the abomination of the desolation, that was spoken of through Daniel the prophet, standing in the holy place (whoever is reading let him observe)
16 then those in Judea — let them flee to the mounts; 17 he on the house-top — let him not come down to take up any thing out of his house; 18 and he in the field — let him not turn back to take his garments.
19 `And wo to those with child, and to those giving suck in those days; 20 and pray ye that your flight may not be in winter, nor on a sabbath; 21 for there shall be then great tribulation, such as was not from the beginning of the world till now, no, nor may be.
22 And if those days were not shortened, no flesh would have been saved; but because of the chosen, shall those days be shortened.
23 `Then if any one may say to you, Lo, here [is] the Christ! or here! ye may not believe;
24 for there shall arise false Christs, and false prophets, and they shall give great signs and wonders, so as to lead astray, if possible, also the chosen.
25 Lo, I did tell you beforehand.
26 `If therefore they may say to you, Lo, in the wilderness he is, ye may not go forth; lo, in the inner chambers, ye may not believe;
27 for as the lightning doth come forth from the east, and doth appear unto the west, so shall be also the presence of the Son of Man;
28 for wherever the carcase may be, there shall the eagles be gathered together.
29 `And immediately after the tribulation of those days, the sun shall be darkened, and the moon shall not give her light, and the stars shall fall from the heaven, and the powers of the heavens shall be shaken;
30 and then shall appear the sign of the Son of Man in the heaven; and then shall all the tribes of the earth smite the breast, and they shall see the Son of Man coming upon the clouds of the heaven, with power and much glory;
31 and he shall send his messengers with a great sound of a trumpet, and they shall gather together his chosen from the four winds, from the ends of the heavens unto the ends thereof.
32 `And from the fig-tree learn ye the simile: When already its branch may have become tender, and the leaves it may put forth, ye know that summer [is] nigh,
33 so also ye, when ye may see all these, ye know that it is nigh — at the doors..
UNITED NATIONS (AP) — Antichrist NWO 666 UN Secretary-General Ban Ki-moon will host a ministerial meeting of key global players trying to end the decades-old Antichrist Israeli-Palestinian conflict on Sept. 30 during the annual high-level session of the General Assembly, the Antichrist NWO 666 United Nations announced Friday.
Spokesman Stephane Dujarric said that in addition to foreign ministers from the Antichrist Quartet of Mideast mediators — the Antichrist NWO 666 Crypto Fascist United States, Antichrist United Nations, Antichrist European Union and Hooks In Jaws Putz Putin Russia — the secretary-general is inviting the Antichrist Arab League secretary-general and the foreign ministers of Antichrist Egypt, Antichrist Jordan and Antichrist Saudi Arabia to join the meeting.
Negotiations between Antichrist Israel and the Antichrist Palestinians have been stalled since the Antichrist NWO 666 Crypto Fascist United States failed to broker a peace agreement in early 2014. The Quartet was sidelined by the Antichrist NWO 666 Crypto Fascist US-led efforts, but their failure opened the possibility of a broader international effort to tackle the conflict.
Antichrist NWO 666 UN chief seeks to breathe fresh life into peace talks Ban to host key global Antichrist players trying to end Antichrist Israeli-Palestinian conflict on sidelines of Antichrist NWO 666UN General Assembly this month
Antichrist Prime Minister Benjamin 911 Netanyahu and Antichrist Palestinian Authority President Mahmoud Mahdi Meathead Abbas, however, have been unable to agree on ground rules for negotiations. 911 Netanyahu said Tuesday he was willing to meet Antichrist ”(a)llah has no Son” Abbas “right now” to resume peace negotiations without preconditions. Chief Antichrist Palestinian negotiator Saeb Erekat dismissed his remarks as a PR stunt, calling the prime minister “the king of the settlers,” Israel Radio said.
Antichrist ”(a)llah has no Son” Abbas is scheduled to address the General Assembly on Sept. 30, the same day Ban will host the ministerial meeting.
Antichrist Palestinian UN Ambassador Riyad Mansour said Thursday he hopes Antichrist ”(a)llah has no Son” Abbas will be able to raise the Antichrist Palestinian flag outside Antichrist NWO 666 UN headquarters for the first time that day. He said this could “keep hope alive” among Antichrist Palestinians at a time when “the political process is dead.”
The 193-member Antichrist General Assembly is scheduled to vote Sept. 10 on a resolution, opposed by Israel, that would allow non-member observer states — Antichrist Palestine and the UN Holy See Evil Catholic Vatican Whore — to raise their flags. Mansour said he expects “an overwhelming majority” of states to support it.
A massive sandstorm engulfed the Antichrist Middle East on September 8, 2015, severely reducing visibility, killing at least 2 people and sending hundreds to hospitals.
As visible on today’s Terra/MODIS satellite image below, the storm is affecting parts of Antichrist Turkey, Cyprus, Antichrist Syria, Lebanon, Antichrist Palestine, Antichrist Israel, Antichrist Jordan, Antichrist Iraq, Antichrist UAE and Egypt.
The meteorological department at Beirut’s Rafik Hariri International Airport described the storm as being ‘unprecedented’ in Lebanon’s modern history.
Lebanon’s Health Ministry said two people had died as a result of the storm and 750 people had been hospitalized with breathing problems, according to Reuters.
Country’s weather department said the storm would continue into Wednesday with humidity between 65 – 85%, state news agency NNA reported.
Authorities of all affected countries are urging people to stay indoors.
When it comes to exposing the disturbing, some say desperate, propaganda wave sweeping the nation, nothing has quite captured the unprecedented decoupling between policy-accepted “confidence indicators” such as the Conference Board, which in August printed at its 2015 highs and those which actually poll people such as Gallup, whose economic outlook indicator collapsed to the lowest level in one year.
And this time there are no “scapegoats” to blame the spending slowdown on: the weather in August was uniformly gorgeous around the US.
A quick reminder what Gallup foes actually measure:
Gallup’s daily spending measure asks Americans to estimate the total amount they spent “yesterday” in restaurants, gas stations, stores or online — not counting home, vehicle or other major purchases, or normal monthly bills — to provide an indication of Americans’ discretionary spending. The average for August 2015 is based on Gallup Daily tracking interviews with more than 15,000 U.S. adults.
according to the latest Gallup report on US consumer spending, in which a random sample of 15.724 adults were interviewed by phone, Americans’ self-reported daily spending averaged just $89 in August, down not only from August in 2014 and 2013…
As Gallup reminds us, “spending peaked at $114 in May 2008 before waning and then plunging amid the global economic crisis that took hold later in the year. From 2009 to 2012, spending stagnated, ranging between $58 and $83. Americans’ spending picked up in late 2012, and continued in 2013 and 2014, ranging from $78 to $98.” Since then it has clearly tapered off and is a long, long way away from the pre-crisis peaks hit in mid-2008 before the trapdoor opened.
If August is indeed confirmed to be weak, September will be even weaker:
If monthly spending patterns in recent years are any indication of what is to come, spending is not likely to increase in September. In each of the previous five years, spending in September has been lower than in August, including sharp declines of $11 in 2013 and $7 in 2014. In 2008 and 2009, it increased slightly, but only by a dollar or two.
Regular declines in spending from August to September are understandable given the end of the vacation season and the end of back-to-school shopping, one of the busiest times of the year for retailers.
The bottom line: “Though down slightly, Americans’ spending remains in somewhat of a holding pattern, having stayed within a $2 range for the last five months. But while the average for August is on par with recent months, it remains below averages recorded for August in 2013 and 2014.”
Finally, we should note that the market swoon which saw a vicious correction in the S&P500, did not start until after August 19, the day the FOMC minutes were released. Expect to see substantial sticker shock once “mom and pop” open their monthly 401(k) or brokerage statement and find their net worth was quietly truncated by 10% or more. Do not expect a sharp spending rebound to follow, especially if the Fed does hike rates in 10 days.
On the lowest volume EVER!!!
It all started with Antichrist Communist China… after droppiong 100s of billion of Yuan to “stabilize” the market already, why not do some more…
Japanese stocks were utterly insane!!!
And everything lifted with it… FOR ANYONE WHO SAYS ANTICHRIST COMMUNIST CHINA DOESN’T MATTER – YOU’RE WRONG!!
European and US stocks followed…
Note – Dow Futures back to the 50% Retracement level… and making lower highs…
VIX term structure remains in backwardation, VVIX (vol of vol) holding above 100, and VIX skew is extremely high.
Here is a thought though – BABA was a massive hedge fund hotel… so one wonders how much of this move today is covering Momo names and unwinding the index hedge against them…
Crude & Copper soared, Silver also ripped, gold was flat..
NOTE – Brent Crude Implied Vol surged to 60 – its highest since 2009…
And USO and OVX remain nmotably decoupled after the month-end melt-up…
As Stocks and USDJPY danced together all night and all day… until tyhe last 30 when momo was ignited and stock were on ther own with VBIX
Treasuries were dumped unceremoniously – though we do note that the calendar for corporate issuance is extremely heavy and the velocity of today’s move suggests heavy rate-lock pressure…
This is the highest closing print for 30Y yields in 6 weeks – though remained below the crucial 3.00% level all day.
Copper was the big story of the day – rising 5.4% on the day – the most since May 2013 – and busting above its 50DMA after crashing following its break below in May…
Update: *MOSCOW EXCHANGE PREPARING TO RESUME TRADING W/BACKUP EQUIPMENT
It appears the ‘virus’ of broken markets has spread…
*MOSCOW EXCHANGE SAYS TRADING HALTED IN ALL MKTS
*MOSCOW EXCHANGE SAYS CHECKING ON REASONS FOR GLITCH
Yet another ‘glitch’ strikes yet another crucial convergence point of technology and business. Will The Russians blame the Antichrist Communist Chinese? Or The Antichrist NWO 666 Crypto Fascist Americans?
As Bloomberg reports,
Bourse working on determining reason for trading halt, Moscow Exchange spokeswoman says by phone.
The main indices were trading higher on Tuesday. The dollar-denominated RTS index was up 2.37 percent, while the ruble-traded MICEX gained 1.50 percent, as of 8amET – when the technical problem hit.
The stock market did not appear to be under any duress one way or another but we note that the Ruble has been rallying all morning (post-Antichrist Communist China) as oil prices jumped…
So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
4 And the woman was arrayed in purple and scarlet colour, and decked with gold and precious stones and pearls, having a golden cup in her hand full of abominations and filthiness of her fornication:
5 And upon her forehead was a name written, Mystery, Babylon The Great, The Mother Of Harlots And Abominations Of The Earth.
6 And I saw the woman drunken with the blood of the saints, and with the blood of the martyrs of Jesus: and when I saw her, I wondered with great admiration.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
tomorrow’s 10Y auction will be far more closely watched.
Back in March 2014, we first revealed something quite stunning: a new, seemingly ravenous, and completely unexpected buyer of US Treasurys had emerged in the face of “Belgium” which was buying tens of billions in US paper at a weekly clip, without any explanation.
One year later, this website first confirmed that the identity of the “Belgian” buyer was none other than China, which had been using Belgian-based clearer Euroclear as an offshore venue for its bond purchases, and which starting in March 2015 had commenced dumping the US paper it accumulated so dramatically in 2013 and 2014, in advance of what has become the biggest story of the summer: China’s liquidation of its FX reserves, read US Treasury holdings, in defense of its devaluing currency.
And while we knew that China was selling – and following the record selling of FX reserves in August, so does everyone else – an even more interesting question emerged: who is buying?
Thanks to the WSJ we now have the answer: “A little-known New York hedge fund run by a former Yale University math whiz has been buying tens of billions of dollars of U.S. Treasury debt at recent auctions, drawing attention from the Treasury Department and Wall Street.”
The hedge fund in question, Jeffrey Talpins’ Element Capital Management, which according to the WSJ has become “the largest purchaser in dozens of government-bond auctions over the past 10 months, people familiar with the matter said. The buying is part of an apparent effort by the fund to use borrowed money to exploit small inefficiencies in the world’s most liquid securities market, a strategy that is delivering sizable profits, said people close to the matter.”
For those unfamiliar, and Talpins certainly is not a household hedge fund name, “Mr. Talpins is an intense and reserved trader formerly at Citigroup Inc. and Goldman Sachs Group Inc. He is known for a tenacious style that can grate on rivals and once tested the patience of former Federal Reserve Chairman Ben Bernanke.”
According to the NYT, in 2005, Trader Monthly named Mr. Talpins one of the top 30 traders under 30, when he was still an employee of Vega Asset management. “Youth is not wasted on this crop, any of whom could be a billionaire by 40,” the magazine said. “Or, then again, they could be belly up and bust.”
Back in 2010 the FT profiled Element Capital, then at just $1.5 billion, saying that fixed-income relative value trading, “the hedge fund strategy pioneered – and made notorious – by Long Term Capital Management is returning to prominence amid one of its most successful years yet.” It added that “fixed-income relative value trading – shunned by investors after the collapse of LTCM in 1998 – has been one of the industry’s few outperformers this year, thanks to massive pricing anomalies caused by fiscal stimulus packages and unconventional central bank monetary policies around the world.”
As of the end of June, Element Capital, a $1.5bn relative value fund run by Jeffrey Talpins, was up 10.75 per cent. High returns have been driven by government bond markets flush with arbitrage opportunities, managers said.
By 2014, Element had grown substantially, and according to a Bloomberg note, last July it attracted the head of North America sales at RBS, Richard Tang: “Tang, who has spent almost two decades at the bank, is one of 16 members of the Treasury Borrowing Advisory Committee that the U.S. government consults with on its debt sales. His departure was confirmed by Sarah Lukashok, a Stamford, Connecticut-based spokeswoman for Britain’s largest state-owned lender. He will be joining New York-based Element Capital, which manages about $4.3 billion in its macro fund, said the people, who asked not to be named because the move wasn’t public.”
In other words, Element is not only growing its AUM exponentially, it now also employs a member of the TBAC, which we profiled in November 2011 as “The Supercommittee That Really Runs America.”
Not only that, but according to a November 2014 presentation to the Wharton Investment and Trading Group, the fund, then already at a $5 billion AUM, boasting it “has delivered exceptional returns to investors over its 9+ year track record, with annualized performance greater than 20% and a Sharpe ratio greater than 2.”
Quite an impressive performance for a smallish relative-value hedge fund, one that begs the question: just how much leverage is involved (an important question for later).
So why is this relatively obscrue hedge fund in the news? Well, it appears that the mystery buyer of all China’s bond sales is none other than Element:
Element has been the largest bidder in many of the 62 Treasury note and bond auctions between last November and July, these people said. At many recent auctions, some of which involved sales of more than $30 billion of debt, Element purchased about 10% of the issue, these people said. That is an unusually large figure, analysts said.
And while Element may have grown substantially, some wonder how its most recent AUM of $6 billion can sustain this ravenous buying spreed.
Element’s activity has raised questions because the cumulative purchases far exceed the hedge fund’s $6 billion in assets under management. Treasury officials, who frequently meet with large auction participants, have asked Element about its activity, said someone close to the matter.
“Their buying is eyebrow-raising,” said a trader who once worked for a firm that deals in government securities and witnessed Element’s bidding. These primary dealers often know the identity of other auction bidders. Element “never shared its strategy, but we often asked,” the trader said.
And this is where it gets tricky, because as the WSJ admits, the US Treasury “likes to know who is buying its bonds and why, partly because it prefers long-term holders such as pension funds, insurance companies and central banks. Treasury officials fear purchases by trading-oriented funds could result in sales that increase market swings and potentially drive up borrowing costs.
“If you’re issuing debt, your preference is those ‘sticky investors,’” said Scott Skyrm, a managing director at Wedbush Securities.
Which brings us back to the “how much leverage is involved” question, because one bad day for Element and suddenly the fund could be forced to unwind its giant Treasury book into what is already a very illiquid market.
Which leads to the question of just what is Element’s strategy: “Element had been shorting, or betting against, bonds in anticipation of higher interest rates but has been exiting from that wager, according to someone close to the matter. That is one reason the fund has been a big buyer of Treasurys lately.”
It appears that is not only macro considerations that drive Element’s trading strategy, but also market mispricings between the primary and secondary market: “people who have worked with the firm or are close to Mr. Talpins said there is another reason: Element is among the last to embrace “bond-auction strategies,” trading maneuvers that have become less popular since the financial crisis.”
These trades aim to take advantage of the effects of supply and demand in the $12.8 trillion Treasury market. Demand for these bonds often fluctuates based on factors including investor perceptions of economic growth and market risk, while supply can be affected by regular auctions of different-maturity Treasury securities. A burst of new supply tends to slightly depress prices for short periods, sometimes for less than an hour.
Element’s auction arbing strategy is relatively simple: “In the past, Wall Street dealers and hedge funds scored profits shorting “when-issued” bonds. These are contracts conferring the right to purchase Treasury securities when they are sold days later at auction. Then, these traders would buy bonds during Treasury auctions at the slightly lower prices and use these newly purchased bonds to close out their short sales.”
The difference between the higher price at which they sold the Treasurys and the lower price they paid at auction was their profit. Which incidentally explains our “discovery” earlier this summer why Treasury auctions that took place at a time when the OTR was trading “special” led to dramatic outperformance during the actual auction: it was hedge funds like Element that did all in their power to squeeze the market and send the high yield deep inside the When Issued.
The reason why Element has become the dominant player in this market is because most of its competitors disappeared after 2008:
After the 2008 financial crisis, bank traders pulled back as regulators discouraged trading risks. Some hedge funds also began shying away from bond-auction strategies. Wall Street banks have significantly cut back their lending to hedge funds.
The pullback by rivals has left Element with a large presence in bond auctions to complement strategies such as in foreign-currency derivatives, people close to the matter said. In 2008, the firm gained 35%, these people say, even as financial markets crumbled. The next year, Element was up 79%. Last year it rose just 2.9%.
And with nobody left to compete, and the Treasury market as illiquid as it is, it meant huge potential profits for Element: sure enough, the hedge fund “was up 18.5% through July of this year, an investor said, beating most hedge funds and overall markets. Some recent gains came from bullish wagers on the U.S. dollar, according to the person.”
So can anything go wrong with this strategy? Yes, plenty.
Once in a while, the prices of bonds being auctioned jump, rather than fall, for reasons such as bad economic news that prompts an investor flight to safety. Hedges sometimes don’t work out. And the strategy relies on inexpensive borrowing because each trade usually yields minimal profits.
In the 1990s, hedge fund Long Term Capital Management used leverage to profit from small discrepancies in the Treasury market before a market reversal swamped the firm. LTCM used much more leverage than Element does.
Only problem is nobody knows just how much more leverage, and whether Element’s leverage isn’t slowly but surely creeping up to Merton and Merrywether levels.
Still, luminaries such as Yale professor Robert Schiller vouch for Talpins:
Mr. Talpins graduated in 1997 from Yale, where he was a research assistant for Robert Shiller, the Yale economist who later won a Nobel prize in economics. In a 1996 letter, Mr. Shiller wrote that in terms of overall performance, he “put Jeffrey first out of the 52 Yale undergraduates” who attended his course Economics 252, Finance, Theory and Application.
“I thought he was particularly bright,” recalls Prof. Shiller.
Others, however, were less than enthused about Talpins. Such as former Fed chairman Ben Bernanke:
A year or so ago, Mr. Talpins was among 20 investors invited by a Wall Street firm to a private meeting with Mr. Bernanke, after his departure from the Fed. Mr. Talpins peppered Mr. Bernanke with about 10 successive questions, according to several people in the room.
Mr. Talpins elicited some detailed answers, such as who is in the room during interest-rate discussions. But he also asked questions that exasperated some investors because they seemed irrelevant. Mr. Bernanke looked increasingly weary under Mr. Talpins’s barrage, one participant said. “Jeff was persistent and it got a little uncomfortable,” said another participant. “It was like, ‘Dude, let it go.’”
But the biggest risk by far is that now that the “mystery buyers” has been exposed, it won’t take long for the other, much bigger players – i.e., all the central banks who have been desperate to push yields lower to “confirm” the self-fulfilling narrative that the economy, and inflation, are growing – to inflict the proverbial “max pain” upon Element. In fact, if Talpins is indeed very long TSYs, and has lot of leverage embedded in the trade, one may expect a concerted shorting effort to find out just how much leverage is incorporate in the trades, and push it to the point of breaking. After all, hedge funds exposed with massive positions rarely survive an onslaught by their peers who seek to do just that – inflict “max pain” (see Ackman and Herbalife).
If so, China’s selling of TSYs may very soon inflict precisely the kind of damage on US paper not because it is selling, but because the biggest “mystery” buyer of US paper has just been revealed and whose continued ability to keep buying unimpeded is now suddenly very much in question.
What’s worse, if the result of a coordinated attack on Talpins leads to an LTCM-type blow up, hang on to your hats because the recent volatility in the equity market will be nothing compared to what is coming to the MOVE, TYVIX and US Treasurys..
Reports were cited that MI6 had cooperated with the CIA on a “rat line” of arms transfers from Libyan stockpiles to the Syrian rebels in 2012 after the fall of the Gaddafi regime.
We all know the global economy is slowing, so why would stocks soar from here? The basic answer was articulated by Chris Martenson: because this game is for all the marbles.
If the Powers That Be let markets melt down from here, where’s the bottom? Where’s the plan to bail out all the pension plans, banks, insurers, etc. that will be crippled by a full-blown market meltdown?
It would be a lot cheaper and less painful to prop up stocks at these levels (a 10% decline) rather than let them fall off a cliff to a 40% decline.
Many people dispute the idea that central planners can prop up the stock market once sellers panic. This is a worthy discussion, and the general point of disagreement is planners’ ability to counter big-volume selling.
In other words, it may be possible to elevate markets in low-volume settings, but once selling picks up, planners lack the tools to stem the tide.
On the other side of the debate are those who wonder if the panic declines are as engineered as the lofting-ever-higher uptrend. What If The “Crash” Is as Rigged as Everything Else? (August 26, 2015)
Here is a daily chart of the S&P 500: the wedge could break either up or down, but the stochastics and MACD are somewhat constructive. It wouldn’t take much of a rally to crank out a bullish cross in MACD.
The basic mechanism for pushing markets higher has been around since the 1920s. The game only requires two players colluding: one player buys everything at the ask and then some, pushing price higher. The second player picks up the baton and does the same, and then passes the baton back to the first player.
Once others see the rising trend, they start buying, and both players can sell a bit into the uptrend. When price reaches a line of resistance known to every technician (and trading bot), the players push price decisively through the resistance. This triggers more buying, and the players can sell a bit into the rally, until the next resistance line requires a push.
At some point, those who expected a drop and shorted stocks to profit from the decline will have to cover, i.e. buy back shares. This buying pushes price higher, a surge the players can accelerate with tag-team buying at critical levels.
As each level of resistance is surpassed, those tempted to sell start doubting the wisdom of selling in a new uptrend. Those who keep shorting at the next level of resistance are soon forced to cover (i.e. buy stocks) as each level of resistance is taken out.
At the end of this game, price is catapulted to new highs, forcing the last bears to cover. At this point, those who had their finger on the sell button are now congratulating their patience, and those who recommended buy the dip are proven correct.
The problem for technical bears is every technical system has been programmed into every trading program. Once you know that observers are keying on specific levels, the game boils down to blowing through those levels.
This has nothing to do with fundamentals or what should happen in a recessionary global economy. It has everything to do with managing news flow, expectations and the order book of insiders.
The Fed certainly has the power to drive a sword into the heart of equities by talking up trightening very aggressively. Maybe the Fed will slay the stock market at its meeting next week.
But what’s the game plan to save everyone that’s blown out of the water as a result of all that tough talk?
We aren’t privy to the closed-door discussions, the informal talks and the game plan for proxies, dark pools of capital, etc., so we’ll just have to see what happens. But it is a lot easier to reverse a 10% decline than a 40% decline. What would you do in the Fed’s shoes? Let the market have its way, or crash it with tightening?
More to the point: does the Fed really have a choice, given that the game is now for all the marbles?
Now, who else can’t wait for the Fed’s first rate hike in nearly a decade?
Six years after we first explained the only thing that matters for this “market”, JPMorgan finally figured it out, and in doing so proudly joined the ranks of the “tinfoil hat, conspiracy theorists” unable to grasp the finer nuances of the Magic Money Tree theory.
Now if only the SEC had the same ambition to crack down on market manipulation taking place every single day among the HFTs industry, one could almost say that the SEC will finally be doing its job for once.
In the complaint, the SEC alleges that Ross Shapiro, Michael Gramins, and Tyler Peters defrauded customers to illicitly generate millions of dollars in additional revenue for Nomura Securities International, the New York-based brokerage firm where they worked. They misrepresented the bids and offers being provided to Nomura for RMBS as well as the prices at which Nomura bought and sold RMBS and the spreads the firm earned intermediating RMBS trades. They also trained, coached, and directed junior traders at the firm to engage in the same misconduct.
In a parallel action, the U.S. Attorney’s Office for the District of Connecticut announced criminal charges against Shapiro, Gramins, and Peters, who no longer work at Nomura.
“The alleged misconduct reflects a callous disregard for the integrity and obligations expected of registered securities professionals,” said Andrew Ceresney, Director of the SEC’s Enforcement Division. “Not only did these traders lie to their customers, but they created a corrupt culture on Nomura’s trading desk by coaching more junior traders to employ the same deceptive and dishonest trading practices we allege in our complaint.”
Why did they do it? Simple: millions in bonuses paid to those who generated the most revenue, no matter how it was achieved. To witL
The lies and omissions to customers by Shapiro, Gramins, and Peters generated at least $5 million in additional revenue for Nomura, and lies and omissions by the subordinates they trained and coached generated at least $2 million in additional profits for the firm.
Nomura determined bonuses for Shapiro, Gramins, and Peters based on several factors including revenue generation. Nomura paid total compensation of $13.3 million to Shapiro, $5.8 million to Gramins, and $2.9 million to Peters during the years this misconduct was occurring.
Customers sought and relied on market price information from these traders because the market for this type of RMBS is opaque and accurate price information is difficult for a customer to determine. Therefore it was particularly important for the traders to provide honest and accurate information.
Shapiro, Gramins, and Peters went so far as to invent phantom third-party sellers and fictional offers when Nomura already owned the bonds the traders were pretending to obtain for potential buyers.
Looks like the three won’t be trading much any time soon. Others were luckier: the SEC separately entered into deferred prosecution agreements (DPAs) with three other individuals who have extensively cooperated with the SEC’s investigation and provided enforcement staff with access to critical evidence that otherwise would not have been available.
“The SEC is open to deferring charges based on certain factors, including when cooperators come forward with timely and credible information while candidly acknowledging their own misconduct,” said Michael Osnato, Chief of the SEC’s Complex Financial Instruments Unit. “The decision to defer charges in this matter reflects the early and sustained assistance provided by these individuals.”
Which, of course, is the punchline: as we warned in January 2013, “all bond traders hoping to make millions by misrepresenting what the true purchase or sale prices are to buysider clients, even if completely voluntary on both sides, may want to seek employment elsewhere” because now that the SEC is apparently cracking down on bid/ask misrepresentation, all it will take is one disgruntled former employee and suddenly all those bonuses accumulated for the past 5 years become clawback-able, and is also the reason why fixed income sales and trading bonuses have been steadily leaking from the top left to the bottom right, and will continue to do so until all bonds are also traded on exchanges courtesy of “liquidity-providing” HFTs.
Back on July 20, Caijing reporter Wang Xiaolu suggested that Antichrist Communist China Securities Finance – the state-owned plunge protection vehicle – may be set to exit the market. That sent futures plunging and ultimately led to Mr. Wang’s arrest late last month. Under duress, Wang would later “admit” that he “shouldn’t have released a report with a major negative impact on the market at such a sensitive time.”
Of course Wang wasn’t the last person to speculate about how long Antichrist Communist China would be willing to spend billions propping up the market, and indeed it certainly seems as though Beijing tried to scale back the manipulation two weeks ago only to see the SHCOMP crash 8%, a move which promptly triggered a global rout of epic proportions. One additional 8% decline and a dual policy rate cut later, and CSF was back in the market desperately trying to arrest the inexorable slide ahead of Xi Jinping’s lavish military parade on September 3.
So in case anyone still harbored any doubts about the degree to which Antichrist Communist China most certainly has not wound down the plunge protection effort, Goldman has updated its analysis on the “national team’s” efforts on the way to concluding that Antichrist Communist China spent an additional CNY600 billion propping up the market in August.
and based on history (and probably also based on what we know about Antichrist Communist China’s unwillingness to relinquish control), the effort isn’t likely to end any time soon:
Overall, we reiterate our view that the lingering market concern over the Antichrist Communist Chinese government’s potential exit from its market support is probably overdone based on cross-country experiences, including the intervention from HKMA in Aug 1998 and the Quantitative Easing in the US since March 2008.
Speaking of futile attempts on the part of Beijing to manage expectations and get control of a potentially disastrous situation, MNI is out reporting that in the wake of the August 11 deval, SAFE began “urging” Antichrist Communist Chinese companies to “actively take measures to limit foreign exchange purchase for advance payment under imports… and postpone forex purchases.”
Although MNI does note that this represents more of a tightening of existing measures than it does the imposition of new capital controls, the writing on the wall is clear. That is, it’s all about capital controls at this point (as we tipped last week) as Antichrist Communist China desperately needs to stem the outward flow if it wants to limit costly interventions to stabilize the yuan, interventions which, as we learned on Monday, led directly to the liquidation of $94 billion in FX reserves during the month of August alone. “SAFE said the focus is outbound direct investment and remitting money overseas. It ordered branches and banks to check whether such investment is genuine, including the source of the money and where the money is being invested,” MNI adds.
As we said earlier this month, “while Antichrist Communist China is doing everything in its power to not give the impression that it is panicking, the truth is that it is one viral capital outflow report away from an outright scramble to enforce the most draconian capital controls in its history, which – as every Cypriot and Greek knows by now – is a self-defeating exercise and assures an ever accelerating decline in the currency, which authorities are trying to both keep stable while also devaluing at a pace of their choosing. Said pace never quite works out.”
And the same goes for the stock market. The more authorities have to intervene, the more readily apparent it becomes that the market can’t stand on its own which only serves to undermine investor confidence leading to more selling pressure, necessitating still more intervention, until finally, Beijing will either be a majority owner of every mainland listed company or else will simply halt the entire market until such a time as the Politburo believes people’s “malicious” propensity to sell has subsided.
Copper prices have surged over 4% this morning, breaking above the 50-day moving average (trading 2.41, near 2-month highs). Aside from Glencore’s demise and modest strength in the Chilean peso today, this seems more like an algo-driven run off Antichrist Communist China’s massive intervention-driven momentum.
Coppe rbroke above it 50-day moving average…
as China’s intervention floated all boats…
The merchants of these things, who were made rich by her, far off shall stand because of the fear of her torment, weeping, and sorrowing, 16 and saying, Wo, wo, the great city, that was arrayed with fine linen, and purple, and scarlet, and gilded in gold, and precious stone, and pearls — because in one hour so much riches were made waste!
17 `And every shipmaster, and all the company upon the ships, and sailors, and as many as work the sea, far off stood, 18 and were crying, seeing the smoke of her burning, saying, What [city is] like to the great city? 19 and they did cast dust upon their heads, and were crying out, weeping and sorrowing, saying, Wo, wo, the great city! in which were made rich all having ships in the sea, out of her costliness — for in one hour was she made waste.
Extremely heavy rain in southern Spain has caused severe flooding on September 7, 2015 turning streets of several towns and villages into rivers. At least one casualty has been reported.
Spain’s Civil Protection service has issued severe weather alerts for Valencia, Alicante, Granada and Almeria provinces of Andalusia, along Spain’s southeastern and southern coastline. A 61-year-old man became the first fatality of the floods after his car was washed away in Polopos-La Mamola, TheLocal.es reports.
According to the Olive Press, some 40 liters of rain per cubic meter fell in just one hour on September 7. The floods were heavier than Andalusia’s residents have seen in many years.
Not to be outdone by his partner Charlie Munger (who offended many with his comments that “gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939,”), Berkshire Hathaway’s Warren Buffett – having already taken on Europe, comparing Greece to a “dog peeing on the carpet” of Europe, suggesting Germany stop “rewarding behavior you want to get rid of” – takes aim at the military. Speaking on Bloomberg TV, the octagenerian oracle of offense just unfriended every American veteran…
“You want everybody educated to their potential. You want people to reach their potential. That still won’t work for some people in a highly developed market system.
I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There’s just some people don’t fit well into a highly skilled market-based economy.
They’re perfectly decent citizens. We’ll send them off to Afghanistan, but they are not going to command a big price.”
Just some funny old man who is losing his marbles… or elitist oligarch who knows there are no consequences for his words, thoughts, or deeds.
On the bright side, at least he did not dare mention illegal immigrants…
The markets are clearly sending the same warning signals that they always have. It is only a question of whether we are willing to listen, or allow our “greed” to keep us at the casino table hoping for one more “hot hand.”
One thing is for certain, if the market does muster a rally strong enough in the week’s ahead to retest the previous bullish trend moving average, it could very well be a “sucker’s rally.” Any failure will likely mark the beginning of a new bear market cycle. And, just as before, there will be no warnings, no announcements by the media, or acknowledgement by Wall Street analysts. However, the consequences will likely be just as severe.
I believe America crosses the point of no return at sunset on September 22 2015. Here are five reasons why I believe the fate of our nation will be sealed at that time with no way to stop it.
1. Fate is Sealed on Yom Kippur
Sunset on September 22 marks the beginning of the annual Day of Atonement, which is called Yom Kippur, the holiest day of the year for the Jewish people. According to their traditions, the Jewish people spend ten days prior to Yom Kippur repenting and seeking the Lord for forgiveness of their sins, which are called the Days of Awe. However, the time for repentance does not last forever. It comes to an end on Yom Kippur. On that day they believe their fate is sealed and cannot be changed (Source: Wikipedia). I believe the Lord has chosen Yom Kippur as the day on which America’s fate is sealed.
2. There are Limits to the Mercy of God
The Bible repeatedly warns us there are limits to God’s mercy for those who continue to reject him. I believe there are many people in hell today who made the mistake of believing they had more time to repent. Their destruction came upon them unexpectedly with no way of escape. The Lord has warned us that his Spirit will not strive with man forever (Genesis 6:3). For example, he rescued the Israelites from the land of Egypt, but then destroyed those who did not believe his promises (Jude 1:5). Another example is the man seduced by an adulteress woman.
With her many persuasions she entices him; with her flattering lips she seduces him. Suddenly he follows her as an ox goes to the slaughter, or as one in fetters to the discipline of a fool, until an arrow pierces through his liver; as a bird hastens to the snare, so he does not know that it will cost him his life. (Proverbs 7:21-23)
This man did not know he had crossed the point of no return, but his mistake cost him his life. We might not be aware of it, but there is a point of no return, a line that can be crossed. After that, it is too late.
In another example, the Lord spoke to the people of Israel through the prophet Jeremiah telling them, “though they will cry to Me, yet I will not listen to them” (Jeremiah 11:11). This verse reveals a side of the Lord rarely taught in our churches, but it is a direct quote from him. This idea is so contrary to the way many Christians have been taught that they dismiss it as being only applicable to the Old Testament. However, Jesus quoted from the Old Testament when he said he came to proclaim the acceptable year of the Lord (Luke 4:19). By definition, a year has a beginning date and an ending date, so the acceptable year also has a beginning date and an ending date. Isaiah finished this verse saying “and the day of vengeance of our God” (Isaiah 61:2). The day of vengeance awaits those who refuse to repent during the acceptable year of the Lord. It is a mistake to take the Lord’s mercy for granted.
3. Prophetic Warnings of Big Changes in 2015
The Lord has shown many of his people big changes are coming to the United States this year. I don’t believe the 2015 timing is a coincidence, but is starting this year because we have reached the tipping point, the point at which it is too late to stop the judgment of God. We have run out of time.
I documented the following seven prophetic warnings about 2015 in previous posts on this site:
Paul Keith Davis: Something Major is Going to Happen by the Day of Atonement 2015
Neville Johnson: The Wheels Are Coming Off in September 2015
Patricia Green: Obama Makes Pact With the Devil on September 23 2015
Sister Barbara: The Clock Strikes Twelve
Terry Bennett: Cauldron of Chaos Begins in August 2015
Mena Lee Grebin: The Rider on the Black Horse is Coming in September 2015
James Bailey: Warning: Sudden Economic Collapse Coming in 2015
These warnings are just the ones specific to 2015. Many others have seen disaster coming upon this nation without seeing any dates.
In early 2012, Sister Barbara was told to proclaim the acceptable year of the Lord for the next 1350 days. When she received that word she did not know what it meant or exactly when it ended. She asked her husband, who is an accountant, to do the math for her. When he did, he found it ends on September 23, 2015. Since they are not Jewish they did not know about the Day of Atonement.
For almost four years she has obeyed the Lord by proclaiming words of warning to the United States. She concludes each of her videos with this statement: “I am proclaiming the acceptable year of the Lord until September 23, 2015, Yom Kippur, the Day of Atonement.” After September 23 2015 she will no longer be proclaiming the acceptable year of the Lord.
4. Prophetic Warnings of No Way of Escape
The prophet Jeremiah warned the people of Israel the Lord is bringing disaster upon them with no way of escape (Jeremiah 11:11). There are two important points in that verse. First, the Lord is the one bringing the disaster. Second, he has designed it with no way of escape.
The idea that the Lord brings disaster upon people contradicts what many Christians have been taught, but it is found all throughout the Bible from Genesis to Revelation. Not only does the Lord bring disaster, but whenever he does there is no way of escape.
No way of escape is a common theme in the prophetic warnings the Lord has given to me and others regarding an economic collapse coming in 2015. In each case disaster comes suddenly with no way of escape. That is what I saw in my dream about the economic collapse coming in 2015 and my dream about the value of the dollar dropping against the Swiss franc. I shared both dreams in my previous post, The Final Four Seasons of the U.S. Dollar. It is also true for the dream received by Dr. Daniel Daves, which I shared in my previous post, Dr. Daniel Daves Prophetic Dream, and a dream shared by Panama Steve, which he shared on the April 13 2015 broadcast of Trunews.com.
Those who are positioned properly when the crash comes will prosper, but those who are not positioned properly will watch their wealth being destroyed and there will be nothing they can do to stop it. I believe there will be a temporary disruption in trading that will make it impossible to make any changes. The unrighteous will be snared in a trap with no possible way of escape. It will be the fulfillment of the word spoken to Mena Lee Grebin, “Death to the finances.” She saw that happening during September to December 2015.
I believe the Lord is doing it that way on purpose to let us know there will be no way of escape for the United States, no more time. The acceptable year of the Lord is coming to an end. Then comes the day of vengeance upon our nation and no one will be able to stop it.
5. America’s Broken Covenant
These warnings might sound too harsh to some because we hear so much about the kindness of God and so little about his severity, but the scriptures tell us, “Behold the kindness and the severity of God” (Romans 11:22).
The Lord does not judge every nation the same way, just like he does not judge every individual the same way. He judges each one according to what they done with what they have been given. To whom much is given, much will be required (Luke 12:48). America has been given much, not only in material wealth, but also in spiritual wealth. As a result, we are held to a higher standard than other nations and expected to act according to what God has revealed to us.
America entered into a covenant relationship with the Lord, as proclaimed from the very founding of our nation in President George Washington’s first inaugural address. Our covenant relationship changes everything about how the Lord deals with us. America was given great light, but has failed to walk in it. We would have been better off not to have known the way of righteousness than after having known it to turn away from it because our last state becomes worse than our first (2 Peter 2:20-21).
On August 12 2015 the Lord told Dr. Patricia Green, founder of Joy Ministries Worldwide, to read Jeremiah 11, but replace Israel and Judah with the United States. In this chapter, the prophet Jeremiah was warning Israel because they had broken their covenant relationship with the Lord, just as the United States has done today. The complete chapter is shown below with Israel and Judah replaced with the United States and with Jerusalem replaced with Washington DC.
1 The word which came to Jeremiah from the Lord, saying,
2 “ Hear the words of this covenant, and speak to the men of the United States and to the inhabitants of Washington DC;
3 and say to them, ‘Thus says the Lord, the God of the United States, “Cursed is the man who does not heed the words of this covenant,
4 which I commanded your forefathers in the day that I brought them out of the land of Egypt, from the iron furnace, saying, ‘Listen to My voice, and do according to all which I command you; so you shall be My people, and I will be your God,’
5 in order to confirm the oath which I swore to your forefathers, to give them a land flowing with milk and honey, as it is this day.” Then I said, “Amen, O Lord.”
6 And the Lord said to me, “Proclaim all these words in the cities of the United States and in the streets of Washington DC, saying, ‘ Hear the words of this covenant and do them.
7 For I solemnly warned your fathers in the day that I brought them up from the land of Egypt, even to this day, warning persistently, saying, “Listen to My voice.”
8 Yet they did not obey or incline their ear, but walked, each one, in the stubbornness of his evil heart; therefore I brought on them all the words of this covenant, which I commanded them to do, but they did not
9 Then the Lord said to me, “A conspiracy has been found among the men of the United States and among the inhabitants of Washington DC.
10 They have turned back to the iniquities of their ancestors who refused to hear My words, and they have gone after other gods to serve them; the house of the United States have broken My covenant which I made with their fathers.”
11 Therefore thus says the Lord, “Behold I am bringing disaster on the United States which they will not be able to escape; though they will cry to Me, yet I will not listen to them.
12 Then the cities of the United States and the inhabitants of Washington DC will go and cry to the gods to whom they burn incense, but they surely will not save them in the time of their disaster.
13 For your gods are as many as your cities, O United States; and as many as the streets of Washington DC are the altars you have set up to the shameful thing, altars to burn incense to Baal.
14 “Therefore do not pray for this people, nor lift up a cry or prayer for them; for I will not listen when they call to Me because of their disaster.
15 “What right has My beloved in My house when she has done many vile deeds? Can the sacrificial flesh take away from you your disaster, so that you can rejoice?”
16 The Lord called your name, “A green olive tree, beautiful in fruit and form”; with the noise of a great tumult He has kindled fire on it, and its branches are worthless.
17 The Lord of hosts, who planted you, has pronounced evil against you because of the evil of the house of the United States, which they have done to provoke Me by offering up sacrifices to Baal
18 Moreover, the Lord made it known to me and I knew it; then You showed me their deeds.
19 But I was like a gentle lamb led to the slaughter; and I did not know that they had devised plots against me, saying, “Let us destroy the tree with its fruit, and let us cut him off from the land of the living, that his name be remembered no more.”
20 But, O Lord of hosts, who judges righteously, who tries the feelings and the heart, let me see your vengeance on them, for to you have I committed my cause.
21 Therefore thus says the Lord concerning the men of the United States, who seek your life, saying, “Do not prophesy in the name of the Lord, so that you will not die at our hand”;
22 therefore, thus says the Lord of hosts, “Behold, I am about to punish them! The young men will die by the sword, their sons and daughters will die by famine;
23 and a remnant will not be left to them, for I will bring disaster on the men of the United States, the year of their punishment.
America will pay a very high price for breaking our covenant with the Lord.
I believe we are now in the final days of praying for the United States. I believe we have from now until sunset on September 22 2015 to pray for our nation. After that date everything changes. Time runs out. The judgment is set and big changes will begin to unfold. It will not all happen in one day or even in one year, but the destruction will begin this month and will not stop until this nation ceases to exist. Disaster will be sent by the Lord and there will be no way of escape.
As the prophet Jeremiah spoke to the people of Israel and Dr. Patricia Green spoke to the people of the United States, the time for praying for this nation is soon coming to an end.
“Therefore do not pray for this people, nor lift up a cry or prayer for them; for I will not listen when they call to Me because of their disaster.” (Jeremiah 11:14)
Why should we pray to the Lord for this nation when he is the one who is bringing disaster against it? Our prayers should be aligned with his will and his purposes, not going against what he is doing.
These warnings are for the nation and are not meant for individuals. Just because disaster is coming upon the nation does not mean disaster is coming upon everyone who lives here. Time is running out for the nation, but individual citizens will still have opportunities to repent. I believe the shakings coming upon the nation will cause many people to repent and be saved, even bringing a great revival to our land. Unfortunately, it will come too late to save our country and too late to stop the consequences for the many wrong choices we have made. America will be destroyed, but my hope is a remnant will arise to one day form a new nation with a new Constitution based on the word of God.
Presented with little comment aside to ask, just what did The G-20 agree to behind the scenes?
After ripping 500 points instantly at Japan’s open yesterday, then crashing back 900 points lower, Nikkei 225 Futures have now soared over 1000 points off last night’s lows…
6% in 20 hours? makes perfect sense!!
Because – despite what G-20 said… Antichrist Communist China does not seem to have got the message…
FORMER CHINA SAFE OFFICIAL SEES FOREX INTERVENTION NECESSARY
Nothing to see here, move along. We are just left wondering what piece of market-moving confidential information will The ECB leak to their hedge fund buddies this time?
Lucifer is a fallen angel who was the head of the ministry of music in Heaven when he was in heaven. It has been said of him he was the most beautiful of ALL angels and he was the director of the flow of music there (Praise and Worship).
Of course, now he no longer is….. but there are several scriptural references throughout the bible the denote his previous authority over music when he was in heaven. One is Isa.14:11 – “Thy pomp is brought down to the grave, the noise of thy viols: the worm is spread under thee, and the worms cover thee.”
This verse right here is speaking of his fall from heaven, and how all of the glory he had, and the gifts he had fell with him. The noise of thy viols indicates the stringed instruments he had charge over. But yes, actually throughout the bible in passages in the books of Ezekiel, Job, Isaiah, even Psalms upon speaking of his past life…it tells us he was the minister of music there. Of course he no longer is now though.
Lucifer means morning star.
Job 38:7 – When the morning stars sang together, and all the sons of God shouted for joy
Lucifer was basically a walking talking musical instrument.
Ezekiel 28:13 – Thou hast been in Eden the garden of God; every precious stone was thy covering, the sardius, topaz, and the diamond, the beryl, the onyx, and the jasper, the sapphire, the emerald, and the carbuncle, and gold: THE WORKMANSHIP OF THY TIMBRELS AND OF THY PIPES WAS PREPARED IN THE DAY THAT THOU WAST CREATED.
14 Thou art the anointed cherub that covereth; and I have set thee so: thou wast upon the holy mountain of God; thou hast walked up and down in the midst of the stones of fire.
15 Thou wast perfect in thy ways from the day that thou wast created, till iniquity was found in thee.
16 By the multitude of thy merchandise they have filled the midst of thee with violence, and thou hast sinned: therefore I will cast thee as profane out of the mountain of God: and I will destroy thee, O covering CHERUB, from the midst of the stones of fire.
These were the same words that were spoken of lucifer in
Isaiah 14:11-14 (11 All your pomp has been brought down to the grave, along with the NOISE OF YOUR HARPS; maggots are spread out beneath you and worms cover you.)-(New International Version)
King James Version
12 How art thou fallen from heaven, O Lucifer, son of the morning! how art thou cut down to the ground, which didst weaken the nations!
13 For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:
17 Thine heart was lifted up because of thy beauty, thou hast corrupted thy wisdom by reason of thy brightness: I will cast thee to the ground, I will lay thee before kings, that they may behold thee
The Seraphim (singular “Seraph”), mentioned in Isaiah 6:1-7 , serve as the caretakers of God’s throne and continuously singing his praises: “Holy, holy, holy is the Lord of hosts. All the earth is filled with His Glory.” It is said that they surround the throne of God, singing the music of the spheres and regulating the movement of the heavens as it emanates from God. It is also said that such a bright light emanates from them that nothing, not even other divine beings, can look upon them. It is said that there are four of them surrounding God’s throne, where they burn eternally from love and zeal for God.
The Seraphim have six wings; two covering their face, two covering their feet, and two that they fly with.
Unlike other Seraphim who had six wings, Lucifer was featured to have twelve wings.
The Cherubim (singular “Cherub”) are beyond the throne of God; they are the guardians of light and of the stars. It is believed that, although they are removed from man’s plane of reality, the divine light that they filter down from Heaven still touches the lives of living things.
They have four faces: one of a man, ox, lion, and eagle. The ox-face is considered the “true face”, as later on in Ezekiel the ox’s face is called a cherub’s face (Chapter 10). They have eight conjoined wings covered with eyes, and they have ox’s feet.
Cherubim are considered the elect beings for the purpose of protection. Cherubim guard Eden and the throne of God.
Their rank among angels is uncertain but they are always categorized in the First Sphere. Some believe them to be an order or class of angels; others hold them to be a class of heavenly beings higher than angels. Cherubim are said to have perfect knowledge of God, surpassed only by the love of the Seraphim.
The Cherubim are mentioned in Genesis 3:24 ; Ezekiel 10:17-20 ; and 1 Kings 6:23-28.
Since Lucifer/beelzebub seemed to have been greater than the other beings, he is thought to be the chief of music.
So it is obvious that Lucifer, at the very least, contained something akin to musical instruments – the tambourine, the flute, and the harp all within the confines of his own body. Since Lucifer is a created being, he was originally created with instruments to provide beautiful music for none other than the glorification of God. Lucifer, being the most authoritative and superior angel that he was, at best, was also probably the angel of music.
The point of this study is to see, purely from a theological view, if in fact Satan has a connection with and a direct influence on music, which has become undoubtedly clear that he does. We must remember that some, not all music, can come from evil sources no matter how lovely, beautiful or pleasing it may sound to the ears. For we know that the devil can masquerade as an angel of light (II Corinthians 11:14). Music, I believe, has a twofold purpose. To glorify God or not, it’s as simple as that. As we have seen, music was initially created for that purpose up until Satan’s rebellion. What he has done with music from that point on becomes a whole other issue.
I had myself quite an impressive CD collection of music ranging from punk rock to disco, alternative music to mainstream pop, new wave to industrial techno music. Often times, I provided my music to local nightclubs and often DJ’d at parties and get-togethers. This was music that I believe was heavily influenced by Satan. The lyrics to most of these songs are not worth repeating. Some of which spoke of and glorified violence, sex, drunkenness, drugs, etc. Then one day I came across an intriguing Christian video speaking out about the Satanic influences of music in our pop-culture today. The video spoke about how today’s ungodly music, worms it’s way into our homes, our cars, and ultimately influencing our hearts and minds. There have even been scientific studies proving the fact that music severely influences our psyche and the outcome of our behavior is contingent upon the type of music we choose to listen to. It was shortly after this discovery that I was led to rid myself of this music that I had in my possession. Imagine burning over 200 CD’s!!!
On the other side of this issue, I wish to clarify that there is plenty of godly and praiseworthy music worth mentioning that exists within our society, music from artists whose sole purpose is to honor and glorify God with talent that the Lord has endowed them with. Not all music, secular or not, is inherently evil. Just as Satan has an influence on music, so God has His influence on music as well, and even more so. It has been a historically proven fact that Christ has been the subject of more songs, music, stories, poetry, prose, screenplays, literature, art, etc. than any other subject in the history of mankind.
Christ has been the influencing source behind such famous and talented musical artists as: Michael W. Smith, Don Moen, Chris Tomlin, Twila Paris, Handel, Bach, Pachelbel, John and Charles Wesley, Rich Mullins, and many others, not to mention the many talented worship teams that exist within the Body of Christ. As with anything in life, it is up to our own discretion and spiritual discernment to decide what is and is not appropriate for our listening pleasure. It is also up to us as parents to set standards and to monitor what our kids are listening to. What goes in the body is what comes out through the way in which we live our lives.
He went on: “What comes out of a man is what makes him `unclean.’ For from within, out of men’s hearts, come evil thoughts, sexual immorality, theft, murder, adultery. – (Mark 7:20-21)
So ask yourself, “Do I know what kind of music I’m listening to?”
Better yet, “Do I know what kind of music my kids are listening to?”
Read more at Lucifer : Angel of Music http://www.turnbacktogod.com/lucifer-angel-of-music/#ixzz3lD930gPf