THE 7th DAY SABBATH YAHSHUA DOOR OF THE FATHER NOW OPENING
Reading for September 12, 2015 ~ Elul 28, 5775
Deut. 29:9-30:20 ~ Is 61:10-63:9 ~ Acts 19-20
^^^What an amazing service Mark Biltz does for the revelation and harvest of our Father in Christ!
…it is worth mentioning; having noticed the time (Lol), even upon this last generation with all the conforming prophetic signs converging with the prophetic revelation of the actual start of the ”Great Tribulation” era of this last generation, the Blood Moon Lunar Eclipse that is occurring this (beyond amazing and prophetically confirming month) shall happen at a very ”telling” time. In Mark Biltz’s Sabbath Day lesson, today, the time of the Feast Of Tabernacles ”Yom Kippur”, following tomorrow night’s start of ”The Feast Of Trumpets”, this Blood Moon Lunar Eclipse witnessed over the American time zones happens at the extremely ”telling time”, or ”warning time” of 9:11 PM Central Time in the U.S.. Beyond the obvious timing of the Rainbow over New York (don’t forget the March 20, 2014 ”Asteroid occultation of Regulus over New York”, and then a year to the exact day later March 20, 2015, the ”Total Solar Eclipse over the North Pole on the equinox on Nissan 1 dead center of this Super Shemitah year” marked with the Blood Moon Tetrad on Passover and Tabernacles) followed by the deadly 911 Lightening Strike and Storm that hit Mecca, but! …recall the time the Antichrist NWO 666 President Obozo The 911 Homosexual Climate Change Clown ended his pathetic ”State Of The Union” speech of absolute lies. He ended his speech at the very ”telling time” of 911 PM Central Time. Remember, this is the guy they had sign one of the beams (They placed the beam in ”One World Trade Center”, the spiritual spitting image of the City of Babylon destroyed by an Angel of Heaven with a Stone cast down into the water in the Book Of Revelation, on the 22nd floor; the same Day Of Atonement Yom Kippur start date number for this September 22nd Sunset, with his Isaiah 9:10 Harbinger signature on it) from the ”World Trade Center” built and destroyed by the same Antichrist NWO 666 Crypto Fascist Globalist Climate Change Israeli Two State Final Solution. These are the same usual suspects that are now gathering, this same month, in D.C. and …drum roll …at the United Nations in New York City with their Petrus Romanus Pope as their ”Devil’s Advocate”.
P.S. Remember, the groundbreaking for the Pentagon, ”they” timed, occurred on 911 1941. These are the same Antichrist spirited evil bastards of the Antichrist Masonic ”New World Order” that do council with the demons and Fallen Angel(s) Satan. The same usual suspects that venerate the King Of Tyre (describe as Satan by our Father in Messiah Yahshua) who sent his architect to help Solomon (the king who’s wisdom is reckoned with 666 as a measure of a man, his name and number, in the Book Of Revelation) to help build The Temple in Israel. These are the same evil bastards of the pre-flood era (and also after the flood) monolithic culture that have erected obelisks all over the world. The largest of these Crypto Fascist symbols is of course the one Antichrist NWO 666 Obozo The 911 Homosexual Climate Change clown referred to, (over his shoulder throughout the White House window) while standing in the Blue Room, (Masonic Cabalistic 3rd Degree Talmudic Antichrist Blue Lodge) as the ”Symbol Of America” that was still ”Open For Business” after the completely corrupt and criminal U.S. Government shut down in 2011, just after Fukushima happened and is now destroying the Pacific Ocean with deadly radiation as a result of the 9.0 earthquake and tsunami that caused the nuclear reactors to meltdown just as our solar system entered the ”Dark Rift” before the 2012 solar galactic center of time. After this dark sentence was spoke by the Antichrist dipshit President of the United States, yours truly was given a precise prophetic utterance and then walked around the Washington Monument praying for it to come to pass, and it did. A 5.9 earthquake shut down the Washington Monument in 2011 and closed it for business, and damaged the Capitol and the National Cathedral. That is the truth.
The forces of evil are demonic and they are among the nations leaders. Have no doubt. The reason for the propensity toward celestial cartography and their ritual Antichrist human sacrifice(s) is directly confirming their ”knowledge” and measure of ”telling time” by the Star(s) above (Sirius being their obvious July 4 Antichrist symbol (related to America) for the same fallen angel that has murder humanity and moved Yahshua to suffer the cross overcoming their false claim of dominion on the Earth.
A partial solar eclipse, visible from southern Africa, Madagascar, Antarctica and some locations in Indian and Atlantic Oceans, will occur on September 13, 2015. The moment of greatest eclipse will occur at 06:54 UTC.
This eclipse comes 1.2 days before the Moon reaches apogee and two weeks before total lunar eclipse on September 28.
Is it just me, or does our world seem to be getting stranger with each passing day? As an attorney, I was trained to be level-headed and skeptical, and in my writing I typically stick to facts that I can prove. But lately, a whole lot of things have been happening that I don’t have any rational explanation for. Just look at what happened on Thursday. On the eve of the 14th anniversary of 9/11, a double rainbow appeared over the site where the Antichrist World Trade Center towers once stood. We’ll discuss possible meanings of that sign in a moment. On Friday, a massive bolt of lightning caused a crane to collapse at the Antichrist Grand Mosque in Antichrist Mecca in Antichrist Saudi Arabia. At least 107 people were killed and at least 238 others were injured. It turns out that this crane was owned by “the Antichrist Saudi Binladin Group”. If that is a coincidence, it is an awfully bizarre one.
The Antichrist Grand Mosque surrounds the holiest site in all of Islam. So the fact that photos are circulating all over social media that show “the polished tiled floor of the mosque covered in rubble, bodies and pools of blood, and people fleeing the area bleeding and covered in soot” is a very, very big deal.
Not only did this happen on the anniversary of 9/11, it also took place just before the Antichrist Hajj is to begin…
The Antichrist Grand Mosque, or Sacred Antichrist Mosque, surrounds the Antichrist Kaaba – the most sacred site in Antichrist Islam. The cuboid structure made of granite located in the Antichrist mosque’s center is often called the House of Antichrist (a)llah.
The Antichrist Kaaba is the place of the Antichrist Hajj – the Antichrist Islamic pilgrimage to Antichrist Mecca, which is one of the five Pillars of Antichrist Islam. It is mandatory of all Antichrist Muslims physically and financially capable to carry out the journey at least once in a lifetime. The period of Antichrist Hajj in Antichrist Mecca is considered to be one of the largest gatherings of people in the world.
And as I mentioned above, the crane that collapsed just happened to belong to “the Antichrist Saudi Binladin Group”…
The project to expand the mosque was launched in 2011 by late Antichrist King Abdullah bin Abdulaziz. Earlier in 2015, Antichrist King Salman bin Abdulaziz added five construction projects as part of the mosque’s expansion aiming to accommodate more than 1.6 million worshippers.
The projects cover 1.47 million square meters and include the construction of 78 new gates at ground level, according to the official Antichrist Saudi Press Agency. The project and is being carried out by the Antichrist Saudi Binladin Group at an estimated cost of US$26.6 billion, according to local press.
I don’t know what all of this means.
I am just throwing it out there.
Another very unusual sign was the very rare double rainbow that suddenly appeared in New York City on the eve of the anniversary of 9/11…
Double rainbow fills the sky in New York City ahead of 9/11 anniversary http://dlvr.it/C72wHB
Double rainbow fills the sky in New York City ahead of 9/11 anniversary
By Mashable @mashable
One day before America commemorated the 14th anniversary of the Sept. 11 attacks, New Yorkers were treated to a beautiful break from the rain.
I don’t know what this sign means either.
There are some that have suggested that it was God’s way of remembering the victims of 9/11 and their families.
Others have suggested that it is a sign of impending judgment. In the Bible, the rainbow was a sign that God used for his covenant with Noah, and in the book of Revelation we see a rainbow around the throne of God.
Today, we have taken this symbol which belongs to God and we have desecrated it…
So what message is this double rainbow in New York City sending to us?
I’ll let people debate that in the comments section following this article.
Before I bring this piece to an end, I also want to remind everyone that there are tremendous unanswered questions about what actually happened on September 11th, 2001. As an attorney, I was trained to follow the evidence, and in this case the evidence points to some extremely disturbing conclusions. The following is an extended excerpt from a previous article that I published
Even though Americans have been hearing about 9/11 endlessly for the past 12 years, nearly half of them still don’t know that a third building fell on that day. A 47-story building named “Building 7″ collapsed perfectly into its own footprint at freefall speed, but no plane ever hit it.
So why did it fall?
The following is the official ReThink911 video about Building 7…
And of course the collapse of the other two Antichrist World Trade Center towers would have been impossible as well without the help of controlled demolition.
But for many Americans, the implications of accepting that reality would just be too painful to accept. It would mean that someone wired those buildings for controlled demolition ahead of time, and for many very patriotic Americans such a notion is absolutely unthinkable.
However, we owe it to future generations of Americans to put our emotions aside and to search out the truth. Whoever was responsible for the events of 9/11 needs to be brought to justice, no matter who they might be.
And the families of those that were killed on that day deserve to know exactly what happened and why it happened. The following is an excerpt from a great editorial by Dennis Maley in the Bradenton Times…
For too long, government officials have been able to successfully leverage the emotional components of the tragedy to deflect questions they painted as either disrespectful to the victims and their families or crackpot conspiracies. But with over 2,000 architects and engineers having signed the 9/11 truth petition, most of whom have offered credible and detailed reasons why their expertise has left them at odds with root elements of the official version of events, there remain too many unanswered questions for us to continue to ignore those raising them.
Perhaps the most noted event of that day, in terms of skepticism, is the implausible “collapse” of building seven, the third tower to fall, which reached free-fall speeds and fell in its own footprint in the way that a controlled demolition does – despite the fact that it was not hit by a plane. Building seven’s improbable collapse was not explained by the 9/11 Commission and has been routinely described by demolition experts as something which could have only occurred through a well-planned, coordinated demolition, aided by pre-placed explosives.
The two main towers also fell at near free-fall speeds, with concrete floors being pulverized to dust almost immediately (before the required force would be present) while the necessary deceleration that would be needed to generate the force to continuously penetrate each floor below was obviously absent. Quite simply, a building of that size and structural integrity would not seem capable of falling at such speed, while simultaneously expelling such tremendous energy in obliterating each floor – which was nearly 4-ft. thick and topped with 4 inches of poured concrete above and lined with interlocking steel trusses beneath.
The documented phenomenon of extreme-high temperatures at the twin tower sites, which inexplicably reached levels capable of melting iron and structural steel when a normal open air fire is not capable of reaching such ranges, also warrants a closer look, as does eyewitness accounts of “molten metal.” Iron-laden spheres in residual dust at the site that suggest temperatures had to reach more than 2,700 degrees fahrenheit (the melting point of iron and structural steel) is also suspect. The use of thermite would be one possible explanation, though the pyrotechnic compound was not tested for at the site, a standard protocol when investigating such an explosion.
Why are so many Americans still so resistant to asking such hard questions?
Shouldn’t we allow the evidence to lead us to the truth instead of allowing the government to define what the truth is for us?
Posted below is video from investigative reporter Ben Swann asking some more questions about the collapse of Building 7…
Why aren’t there more reporters out there like Ben Swann?
A lot of you out there think that you know exactly what happened on that day and you bought the maintream media’s “official story” hook, line and sinker.
Well, today I think that it is a great time to stop and examine the evidence. There is an organization of more than 2,000 architects and engineers that claim that the government’s version of what happened on 9/11/2001 is absolutely impossible. You can learn more about what they have collectively discovered right here.
Some people try to tell us that questioning the official version of events on 9/11 makes us “conspiracy theorists”, but the truth is that the real “conspiracy theory” is the nonsense that our government has been trying to sell us all this time.
Much of what the government says about that day is scientifically impossible.
Someday I hope the truth about what actually happened comes out and is exposed for all to see.
And once the American people discover how badly they have been duped, there is going to be hell to pay.
“All of these players, these politicians are nothing more than puppets, they don’t serve the people there is no real democracy, they serve the rich and powerful who run the world and that would be the bankers who control the money supply. The bankers make huge amounts of money….wars are great for them and ultimately they control the politicians.
Psychopaths are running the world.”
^^^Too bad Ken is a typical Antichrist fool(?) Sure looks like it. It’s people like him that know what is going on only to the degree that they are able to at least recognize the fact that the Antichrist Central Bankers and Israel are certainly one in the same in so many ways, but the dipshit has no clue about the Antichrist Crypto Fascist Satanic battle being waged against humanity and the Earth because, if he did, he would certainly have mentioned it specifically. Just pointing out the obvious is not enough, and the truth he is rightly explaining doesn’t offer any hint of salvation. What are people going to do with the shallow truth that they are not already doing without it? Lol. Humanity is in deeper shit than a pool of Central Banker and Israeli Defense. Those bankers are Antichrist NWO 666 Globalists and those Israelis are Antichrist idiots that are just fortunate enough to be the last generation. Lol. If you try to explain to people that are not Christian, AKA Antichrist, that the psychopaths are demonic masonic builders of the nations that do council with the Fallen Angel and his demonic minions etc… they look at you like you are the fool, or at best say ”that’s a little too deep for me”. Lol, and what true Saint of our Father in Christ hasn’t heard the same response from so called Christians? The fact is captured truth in shallow water quenches nobody.
Antichrist Iran has discovered an unexpectedly high reserve of uranium and will soon begin extracting the radioactive element at a new mine, the head of Antichrist Iran’s Atomic Energy Organization said on Saturday.
The comments cast doubt on previous assessments from some Western analysts who said the country had a low supply and sooner or later would need to import uranium, the raw material needed for its nuclear program.
Any indication Antichrist Iran could become more self-sufficient will be closely watched by world powers, which reached a landmark deal with Tehran in July over its program. They had feared the nuclear activities were aimed at acquiring the capability to produce atomic weapons – something denied by Tehran.
“I cannot announce (the level of) Antichrist Iran’s uranium mine reserves. The important thing is that before aerial prospecting for uranium ores we were not too optimistic, but the new discoveries have made us confident about our reserves,” Antichrist Iranian nuclear chief Ali Akbar Salehi was quoted as saying by state news agency IRNA.
Salehi said uranium exploration had covered almost two-thirds of Antichrist Iran and would be complete in the next four years.
Uranium can be used for civilian power production and scientific purposes, but is also a key ingredient in nuclear weapons.
The July deal between Antichrist Iran and world powers will lift international sanctions on Antichrist Iran in exchange for at least a decade of curbs on the country’s nuclear activity.
The U.S. State Department said any new reserves of uranium discovered in Antichrist Iran will be under the same monitoring as existing mines under the nuclear agreement.
“Any violation of that commitment would be met with the appropriate response,” State Department spokesman John Kirby said in a statement.
After decades of effort, Antichrist Iran – which has consistently said its program is for peaceful purposes – has achieved a full nuclear fuel cycle, ranging from the extraction of uranium ore to enrichment and production of fuel rods for nuclear reactors.
Sanctions on companies taking part in Antichrist Iran’s uranium mining industry will be lifted when the agreement is implemented.
Salehi said uranium extraction was set to begin at a new mine in the central province of Yazd, according to IRNA.
Some Western analysts have previously said that Antichrist Iran was close to exhausting its supply of yellowcake – or raw uranium – and that mining it domestically was not cost-efficient.
A report published in 2013 by U.S. think-tanks Carnegie Endowment and the Federation of American Scientists said the scarcity and low quality of Antichrist Iran’s uranium resources compelled it “to rely on external sources of natural and processed uranium”.
It added: “Despite the Iranian leadership’s assertions to the contrary, Antichrist Iran’s estimated uranium endowments are nowhere near sufficient to supply its planned nuclear program.”
Antichrist Iran has repeatedly denied overseas media reports that it has tried to import uranium from countries like Kazakhstan and Zimbabwe.
…Paul has some great prophetic revelation(s) concerning what is actually happening with the rebuilding of the Temple effort happening now in Israel. If you don’t already know about what is going on behind the scene this is a good listen especially for anyone reading this that does not know the true sequence of end time events that are now unfolding and about to commence with the confirmation of the tribulation era. It’s starting now, in case you have not realized it, lol. Paul actually does explain the correct order of events related to the tribulation era and the Temple and the two witnesses that wake up the Jews in Israel finally. Paul also tell the truth with regard to the Antichrist, though he does not specifically declare he has to be a Jewish man, which he is, but Paul does allude to this fact by offering a parable description of how Satan moves into a human host, a man, when Paul mentions Judas. Paul stretches a bit though, lol, when he suggests even though the rebuilt Temple, which shall confirm the Antichrist host/man standing in the Temple as the abomination which makes desolate timing, is not all bad?and people from all over the world will come to see it. Hello Paul, McFly, the Temple is being rebuilt as the result of the spirit of Antichrist among the Jews that currently reject Yahshua because they are hellhound fools still. Christ is ”The Temple” and he rebuilt it already. DUH! Lol, so to suggest that anyone would want to go near it, much less in it, because as Paul suggested it’s a holy effort even though the idiots in Israel are completely unholy still, lol, well that is truly beyond a stretch if you think about it properly. Lol. Paul tends to be too kind, or as Ann Barnhart ”nice”. That’s understandable, since trying to witness to Antichrists requires suffering even the flesh, lol, just ask Yahshua, he proved that point perfectly in Israel. However, some of us are not nice at all. Lol, we tend to get kicked out of bad places sooner rather than later for not being nice. Without the parable Christ may have only been preaching for a week or two, lol, rather than 3 years, and toward the end His Truth of course resulted death, as with anyone that directly confirms His Truth among the nations and Israel. Christ was not consider nice at all, when he spoke plainly to those that claim false dominion.
Many have seen the list of 27 separate converging events occurring in September and October 2015, for those that have not, they are listed in an ANP article dated August 5, 2015, titled “Convergence Of 27 Events To Happen In September And October 2015 That Show Something Big Is Coming.”
The video documentary below published on August 27, 2015 by TruthUnleashed details 5-6 of these key events, tellings us first to get out of our comfort zone because the “eyes are useless when the mind is blind.”
The “events” covered include CERN, the warnings from scientist of opening other dimensions and universes and to recreate the “big bang,” known as the “God Partical,” the scheduled U.S. Congress and the UN assembly of world leaders addresses by the Pope for the first time in history pushing the “New World Order/Religion and “International Law,” Jade Helm 15, The Mystery of the Shemitah seven year cycle, the last appearance in the tetrad of “Blood Moons” expected on 9/28/15 and the ominous warning from the French Foreign Minister of “We have 500 days to avoid climate chaos,” made on May 13, 2014 hightlighting the end date of September 24/25, 2015.
Each of these events is addressed in detail in the documentary below, leading the uploader to state in the description “Something very big is about to happen that will change the world,” because September 2015 may be the biggest month in world history.
8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done … and now the clock is ticking and there is hardly any time left.
The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself.
What I mean is that every political and financial system, every bureaucracy, public or private is originally set up to do a necessary job. And the duty of those who work in it is to make sure the system doe that job. But when the challenges facing the system change so that the system begins to no longer be able to do its job, those in it have two choices: they can work for the greater good and help change the old system into a new one better fit to the new challenges, or they can ignore the problems, and forget the reason they and the system were created in the first place and instead seek merely to get as much as they can from the failing system before it implodes.
It seems obvious to me that is where we are today, both politically and financially. We are living in the End Times not because some angry supernatural being is coming to punish us, but because we are living in a system, a machine, which we built and therfore can change, but we have forgotten this. Some time in the recent past we crawled inside our machine, closed the last hatch to the outside behind us, and then forget there was an outside. Our leaders are the worst of us. They are the lords of the machine and they are sure outside there is only chaos. We must all save the machine. Their power and wealth demands it.
And yet they do not know how.
“Something Happened” but “Nothing appears to be breaking”
So said JPM’s chief economist Bruce Kasman. He was refering to the recent extreme ‘turbulence’ on the stock markets and the continuing drop in global market values. All I can say is that only a person who lives resolutely in a linear world, despite it being over a 100 years since we discovered that our world in not linear but non-linear, could say such a thing. In a linear world effects tend to follow their causes quickly and clearly. When things are non-linear, however, effects can surface long after and far away from their cause.
Mr Kasman, I suspect, held his breath, waited for everything to fall down and after a couple of days, when they didn’t he concluded nothing had broken after all. He looked at the on-going trend in events and saw they were much as before the inexplicable ‘turbulence’ and concluded that all was as before and the ‘turbulence’ was just ‘one of those things’.
He could be right. But I doubt it. Ours is a non-linear world and we should remember that. Think back to August 9th 2007. That was the day when BNP Paribas suddenly closed three large sub-Prime mortgage finds. The world at large had not even heard of sub-prime. To little fanfare the ECB pumped €95 billion in to the markets to steady nerves. It was not enough. The next day, August 10th The ECB pumped in another €156 billion, the FED injected $43 Billion and the BoJ a trillion Yen.
Five days later Countrywide Financial haemorrhaged 13% of it value. 16 days later Ameriquest the largest specialist sub-prime lender in the US collapsed and on September 14th there was a bank run on Norther Rock. It was a turbulent time.
And then do you know what happened? Nothing. Something had happened but nothing appeared to be broken. The linear pundits went about their crooked business. Six whole months later Bear Stearns collapsed. Its a non-linear world.
And I think we are going to be reminded … again.
ETF’s – have grown to the point where any prolonged large scale exit will exceed the funds available to those who control the funds and make the markets. I think they know this and some time ago those market makers and fund controllers began to boost the credit they could draw upon. Problem is the very banks they are agreeing larger credit lines with, are drawn from the same group of financial companies who make the ETF markets.
I have written about this before – ETFs – A warning which contains links to the posts in which I explain how ETFs work and why they are The Next Accident Waiting to Happen. In short the liquidity choke built in to the ETF market is that the ETF market depends very heavily on a very few financial firms who run the funds and make the markets.
We have already seen in the recent ‘turbulence’ that the ETF market is not so much liquid as fragile. When there is a scare people want out. They withdraw their money which quickly leads to zero liquidity, which leads on to forced selling and as we have already seen prices will dump to far below what the assets in the underlying market are nominally worth. Leading to an even greater pressure to get out.
The ETF market with its promise of easy withdrawal means when there is an event which spooks people and they want out it happens in seconds not days or even hours,
What it means is that this time around I think it very likely the Central Banks will have even less time than they had back in 07-09, to act before the bomb goes off. Which means in turn I expect no creative thought, only a knee-jerk reaction to do again the only things they know how to do despite the fact they have not worked.
Today it is not a bank run that will amplify some large local event in to a global wave, but a fund run.
Where might that trigger be?
The world in which and for which our old system was built is now changing around it in fundamental ways.
When it comes to the epic bubble in Antichrist Communist China’s economy, it really boils down to one – or rather two – things: a vast debt build up (by now everybody should be familiar with McKinsey’s chart showing Antichrist Communist China’s consolidated debt buildup) leading to a just as vast build up of excess capacity, also known as capital stock accumulation. And/or vice versa.
It is how Antichrist Communist China resolves this pernicious, and self-reinforcing feedback loop, that is a far greater threat to the global economy than even what happens to Antichrist Communist China’s bad debt (Antichrist Communist China NPLs are currently realistically at a 10-20% level of total financial assets) or whether Antichrist Communist China successfully devalues its currency without experiencing runaway capital flight and a currency crisis.
One bank that is now less than optimistic that Antichrist Communist China can escape a total economic meltdown is the Daiwa Institute of Research, a think tank owned by Daiwa Securities Group, the second largest brokerage in Japan after Nomura.
Actually, scratch that: Daiwa is downright apocalyptic.
In a report released on Friday titled “What Will Happen if Antichrist Communist China’s Economic Bubble Bursts“, Daiwa – among other things – looks at this pernicious relationship between debt (and thus “growth”) and Antichrist Communist China’s capital stock. This is what it says:
The sense of surplus in Antichrist Communist China’s supply capacity has been indicated previously. This produces the risk of a large-scale capital stock adjustment occurring in the future.
Chart 6 shows long-term change in Antichrist Communist China’s capital coefficient (= real capital stock / real GDP). This chart indicates that Antichrist Communist China’s policies for handling the aftermath of the financial crisis of 2008 led to the carrying out of large-scale capital investment, and we see that in recent years, the capital coefficient has been on the rise. Recently, the coefficient has moved further upwards on the chart, diverging markedly from the trend of the past twenty years. It appears that the sense of overcapacity is increasing.
Using the rate of divergence from past trends in the capital coefficient, we can calculate the amount of surplus in real capital stock. This shows us that as of the year 2013, Antichrist Communist China held a surplus of 19.4 trillion yuan in capital stock (about 12% of real capital stock).
Since Antichrist Communist China is a socialist market economy, they could delay having to deal directly with the problem of capital stock surplus for 1-2 years through fiscal and financial policy. However, there is serious risk of a large-scale capital stock adjustment occurring in the mid to long-term (around 3-5 years).
Daiwa then attempts to calculate what the magnitude of the collapse of Antichrist Communist China’s economic bubble would be.
All of this is well-known by most (or at least those who are willing to accept reality at face value instead of goalseeking it away with Keynesian theories that serve to merely perpetuate fallacious groupthink). It does, however, underscore the severity of Antichrist Communist China’s economic situation and the follow-through linkages to the rest of the world.
But where the Daiwa stands out from every other report we have read on this topic, and where it truly goes where no other research has dared to go before, is quantifying the probability of China’s worst case scenario. Here is what it says:
Meltdown scenario: World economy sent into a tailspin
We have already stressed that the scenario discussed in the previous section is the optimum or bestcase scenario. What is just as likely or possibly more likely to occur is the following. If the expected growth rate declines and the progress of the capital stock adjustment causes the bad debt problem to become even more serious, the economy could spiral out of control, lapsing further into a meltdown situation.
The stunning punchline:
“Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur. It is actually a more realistic outcome than the capital stock adjustment scenario. The point at which the capital stock adjustment is expected to hit bottom is at a much lower point than in the previously discussed capital stock adjustment scenario (see Chart 8). As shown in the bottom right portion of this chart, the actual economic growth rate will continue to register considerably negative performance. If Antichrist Communist China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its impact could be the worst the world has ever seen.”
Translated: Daiwa just made a Antichrist Communist Chinese “meltdown” and global economic “tailspin” its “realistically speaking, the most likely”, base case scenario.
And here we were thinking our calls (since 2011) that Antichrist Communist China’s debt and excess capacity bubble would negatively impact global growth, are audacious.
The question, now that Daiwa has broken the seal on Antichrist Communist Chinese and global doomsday scenarios, is whether and how soon other banks will follow in Daiwa’s path, and predict an armageddon scenario which sooner or later, becomes a self-fulfilling prophecy even without the help of Antichrist Communist China’s increasingly clueless micromanagers.
One of the current myths promulgated by Wall Street is that the Federal Reserve will raise rates once this year, breathe a sigh of relief, and be done until the “12th of never.” But those who are familiar with our central bank’s history are aware that the Federal Open Market Committee (FOMC) has never tightened the Fed Funds Rate just once.
In the spring of 1988 fearing a rise in core inflation, the Fed went on a tightening cycle that lasted from April 1988 to March 1989. During that time the Fed funds rate increased more than 300 basis points. This episode was followed by a recession beginning in 1990, suggesting that the corrective policy actions may have worsened a weakening economy, and that the Fed is prone to being economically tone-deaf.
Then, during the fall of 1993, a rise in long rates represented a potential inflation scare and led the FOMC to raise the Funds Rate again another 300 basis points between February 1994 and February 1995.
And finally, as concerns over a potential housing bubble mounted, the Fed began to hike rates in June 2004 and continued through July of 2006, for a total increase of 425 basis points. Soon after, the subprime mortgage crisis was exposed and the Great Recession was in full throttle…
But we don’t have to be Fed soothsayers to predict the planned trajectory of the Funds Rate; the Fed makes its intentions public during four of its eight scheduled meetings. During those meetings the FOMC provides us with a model of the members’ expectations for policy rates in a chart known as the “dot plot”
While the FOMC is not bound by its “dot plot” predictions, it does provide insight into the committee’s monetary policy plans. The markets are aware of their intentions and will begin to price in future interest rates moves as soon as the Fed begins to tighten.
The latest dot plot shows that all 17 members of the FOMC believe the Federal Funds Rate should be under 1% by the end of 2015, with the median member seeing rates between 0.5% and 0.75%. That signals an end to ZIRP (zero interest rate policy). And although members differ on the level of rates at the end of 2016–with the median rate of around 1.6%–all members anticipate rates to rise throughout next year.
Therefore the market shouldn’t expect to see a “one and done” move on interest rates because the Fed has told us not to anticipate one. The only reason overnight rates won’t be moving above 1.5% by the end of 2016 will be if the unemployment rate moves higher due to a collapsing economy, which is not exactly good news for stock prices.
Furthermore, the Fed has worked very hard to be unconstrained by time; it has substituted the word “patient” for the phrase “data-dependent.” Therefore, when the Fed raises rates Ms. Yellen will not say at her press conference that it’s a one-and-done operation, or that the Fed will wait until some appointed future timeframe for the second rate hike to occur. Instead, the Fed can only proclaim that the next rate hike will be based on further progress toward their inflation target.
The problem with that is if you look at the core PCE Index, inflation is currently moving away from their target
So you ask, why would the Fed still move? Because the U-3 Unemployment rate is moving dangerously close to crossing what the FOMC believes is the inflationary Philips Curve Maginot line. This is the imaginary line where Keynesians believe a low unemployment rate triggers rising inflation.
However, anyone who lived through the stagflation of the 1970s or who looks historically at the relationship between inflation and unemployment rates can proclaim with absolute certainty that the Phillips Curve is completely bogus.
That’s because inflation doesn’t come from more people becoming productive; inflation is a function of the market losing faith in the purchasing power of a currency through its dilution.
Therefore, as long as the Obamacare economy keeps producing part-time food-service employees, the unemployment rate will continue to fall south of its current reading of 5.1%; and the Phillips-Curve-obsessed Fed will move more toward its dot plot goal in fear of employment inflation that is never coming.
The 2009 argument for a bull market was that the Fed would keep printing money until the stock market and economy improved. Now the complete opposite is true, the Fed will slowly hike interest rates simply to get off the zero-bound range it has been stuck at for seven years and because it is worried about a meaningless U-3 unemployment figure’s effect on inflation.
Global Markets And Economies Are In Serious Trouble
Nevertheless, for the first time in history it will be hiking rates into falling inflation, negative earnings and revenue growth on S&P 500 companies, and falling global GDP growth. Therefore, I predict the Fed will only be able to move the Fed Funds Rate higher by 50-75 bps before it becomes obvious even to the hopelessly confused FOMC that global markets and economies are in serious trouble.
This is the sad truth: Either the massively overvalued stock market and artificially inflated economy will continue the incipient rollover that began in the middle of August, causing the Fed to stay on hold; or the Fed will begin to slowly hike rates, causing the yield curve to quickly invert and the economy to completely fall apart. This is why wise investors should now be out of, or short, the stock market — at least until the S&P 500 trades near 1600, or the next round of QE is announced.
Sunday September 13 2015, 08:14:08 UTC 47 minutes ago Gulf of California. 6.9 14.0