The implications from all of this are that the world will now plunge further into the monetary Twilight Zone. That is, with the Fed on hold, the ECB may be forced to cut further, which, as we discussed on Thursday evening, means the Riksbank, and then the SNB will need to follow suit, diving further into NIRP as everyone scrambles to ensure that a foreign central bank’s double-down-dovishness doesn’t jeopardize their own domestic inflation targets.
Needless to say, the takeaway here is that the emperors (all of them) have no clothes and this is a never ending race to the NIRP bottom. For those interested in a preview of what comes next, see here (or ask Blythe Masters).
The Federal Reserve yielded to international pressure making the very same mistake that it made during 1927.
Back then, there was a secret meeting and the Fed agreed to lower US rates to try to help Europe and thereby deflect capital inflows back to Europe.
The exact opposite unfolded in the aftermath and even more money abandoned Europe and flowed directly into the US share market.
In 1927, the Fed lowered US rates to try to help Europe which was then in the middle of an economic debt crisis the same as today.
It is very curious how history repeats and we have just witnessed the Fed yield to international pressure once again. In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis.
A popular Wall Street myth is that bear markets are caused by recessions. The contention is that as long as the economy isn’t in a recession, stock prices won’t drop by more than 20 percent. And since the cheerleaders who dominate Wall Street never predict a recession, they never foresee the bear market that always precedes two negative quarters of GDP growth…
Bear markets and recessions do not occur simultaneously; bear markets both predict and help engender a recession.
Typifying this myth is Capital Economics’ Chief Economist John Higgins as he recently argued: “Major declines in the S&P 500 — that is, bear markets in which prices drop by at least 20%, which is roughly twice the drop that occurred between 10th and 24th August — have tended to occur only in, and around, recessions. … And we doubt very much that one of those is around the corner.”
But bear markets always precede a recession. Those who argue otherwise have it exactly backwards. The stock market is a forward-looking indicator; it anticipates economic activity; it doesn’t report on economic conditions that are occurring.
Recent history proves that all recessions were preceded by bear markets. Even though the market is guilty of over-anticipating a recession, it has never missed predicting one.
The 1987 Stock Market Crash
For example, the 1987 stock crash brought the Dow Jones Industrial Average down 508 points, a decline of 23%. However, despite the market’s recessionary signal, the US economy did not enter an economic contraction at all.
Thirteen years later record valuations drove the NASDAQ down 78% from its highs in the 2000-02 bear market. The market reached its peak on March 10, 2000, with the NASDAQ topping out at 5,132 during intraday trading. However, the economy didn’t produce a negative GDP print until the first quarter of 2001. If you had waited for validation of an economic slowdown, you would have lost a lot of money.
Ironically, the economy never entered a true recession with two consecutive quarters of negative GDP data. Instead, we had a negative GDP read in the first and third quarters of 2001, of -1.1% and -1.3%.
Finally, the S&P 500 peaked in October 2007 but we didn’t see consecutive quarters of negative GDP until the fourth quarter of 2008 (GDP 2008: Q3 -1.9%, Q4 -8.2%). And the recession was still in full force by the time the market reached its bottom in March 2009. Indeed, Q1 GDP was still shrinking by a -5.4% annual rate.
The jury is still out on whether this recent market selloff is predicting an official recession. The recent selloff that caused a 12% drop in the S&P 500 may be indeed foretelling a worldwide recession. But unlike the Wall Street carnival barkers who always have good news, the market is at least anticipating global economic weakness and the eventual normalization of interest rates. Investors should ignore the message of markets at their own risk.
But the biggest fallacy promulgated on Wall Street today is that the Fed won’t raise rates unless, in divine fashion, it knows that the economy will continue to grow at a pace strong enough to sustain a rate hike. This belief suggests that the Fed is an oracle of markets.
However, the Fed is always clueless about the economic direction. In the Federal Open Market Committee minutes leading up to the 2008 financial crisis, Fed Chairman Ben Bernanke was predicting robust GDP growth and contemplating hiking rates as late as the second quarter of 2008. By this time the markets had declined 15% from the top.
Idiot Fed Sends The World Into A Deflationary Depression
In August 2008, days before the financial markets went into in freefall, most Fed policy makers convinced themselves that the economy had avoided the worst. Specifically, the Fed minutes from that time stated the following: “Although downside risks to growth remained, they appeared to have diminished somewhat, and the upside risks to inflation and inflation expectations increased.” Nevertheless, the economy was already contracting by -2.7% and was about to enter a deflationary depression.
The Fed’s crystal ball led it to conclude that the economy was on a modest growth trajectory when it was actually on the precipice of the worst decline since the Great Depression. In fact, GDP dropped nearly 2% in the third quarter of 2008, and a dramatic 8.2% in the fourth quarter.
The Central Planners’ Twisted Fairy Tale Will Have A Nightmare Ending
Unlike free markets, the FOMC has no proven predictive powers. What’s worse, its models are all bogus and broken. So like the cheerleaders on Wall Street, the committee will have to wait for negative GDP prints before a recession emerges on its radar and for the committee to become negative on stocks. By that time it’s always too late. That will surely lead to the central planners’ twisted fairy tale having a nightmare ending.
What did Janet Do?!!
Copper -3.1% – worst week in 2 months
WTI Crude – biggest 2-day drop in a month
Silver – biggest 3-day gain in 4 months (best week in 4 months)
Gold – biggest 3-day gain in 4 months
US Equities – worst 2-day drop since Sept 1st
VIX biggest daily jump in 2 weeks (above 50DMA for 22 days – longest period since October)
China Equities – down 4 of last 5 weeks, lowest close since Feb 2015
German Equities worst day in a month
30Y Yield -15bps – biggest 2-day drop since Jan 6th 2015
2Y Yield -13.7bps – biggest 2-day drop since March 2009
Since The Fed unleashed the world of confusion…
Gold and The Long Bond ripped 2%, S&P dipped 2%
Gold jumping to 3 week highs… (seems like someone knew something on Wednesday)
Crude roundtripped all the way to unch on the week… from growth hype to no hope…
At 1515ET on Quad-Witching, NYSE Broke but the market did not do what it was supposed to…
XIV and SPY are slowly starting to converge…
Look at the noise in VIX today (and post FOMC yesterday)…
Very ugly week for financials..
Two recent stories from ENENews tell us what the mainstream media still refuses to about the rapidly deteriorating situation along the West Coast of America. The 1st story is headlined “Massacre Along The West Coast Continues” and in it we learn of an alarming, bleak situation as a disease has re-emerged that has left hundred of millions of sea creatures dead in its’ wake.
We also learn that other sea life is simply ‘disappearing’. The sources for this ENENews story is the National Geographic. In a 2nd story titled “Countless Dead Birds Reported Off US Coast – Nothing Will Eat The Bodies” we learn from an oceanographic expert that ‘the fish are not there… all of them are starving’ as animals ‘act weird, sick and weak…too weak to fly…too weak to run’.
In this story we also learn that at least one resident wants to know if all of these problems are due to radiation from Fukushima. While we’re getting very little from the mainstream media about any of this, an interesting story on NBC news steps out on a limb and tells us that a massive toxic algae bloom off of the West Coast could threaten ‘the whole ocean food web’.
KGW, Aug 25, 2015 (emphasis added): Birds dying of starvation along coast — Hundreds of birds are washing ashore either dead or dying along the Oregon and Southwest Washington Coast. The majority of them are common murres… Researchers say that the die-off started about three weeks ago… the Wildlife Center of the North Coast [says] Almost all of them are starving. “They’re totally emaciated…” said Laurel Berblinger, a volunteer at the center. According to the biologists, the fish the birds normally eat are not there… with so many dead birds along the beaches now, it’s important to keep children and dogs away… Biologists say they are bracing for a lot more of this.
NBC News, Sep 12 2015: Toxic Algae May Threaten West Coast Marine Economy for Years… the toxic bloom could last through 2016, said Raphael Kudela, a professor of ocean ecology at the University of California Santa Cruz… “that would be pretty much unprecedented to have blooms two years in a row.” The size of the bloom and the amount of time it has lasted in the ocean are already unprecedented… Scientists had previously believed that domoic acid was water soluble—meaning that it could be flushed out of the bodies of animals that ingested it, Kudela said. But researchers have since observed domoic acid building up in the tissues of fish… the toxin may be spreading to a wider array of marine life than they had previously thought was possible. “That really suggests that it is really going to work its way through the food web,” Kudela told CNBC… [Dan Ayres, a coastal shellfish lead biologist with the Washington Dept. of Fish & Wildlife] said that if ocean waters remain warm in future years—the effects could be severe and impact the whole ocean food web.”
A powerful M8.3 earthquake hit near the coast of central Chile at 22:54 UTC on Wednesday, September 16 and produced a tsunami which affected the entire Pacific basin. Tsunami warnings have been issued along the coasts of Chile, State of California, Hawai’i Island, New Zealand, Japan and American Samoa. 1 million people have been evacuated along the Chilean coast, and 12 were reported dead, as of September 18, 2015.
This is the third most powerful earthquake that has stricken the South America over the last five years. A quake in February 2010 registered a magnitude of 8.8 while the most powerful earthquake ever recorded on the planet also occurred in Chile, near Lumaco, in May 1960, and registered a magnitude of 9.5
Heavy rainfall was battering Sierra Leona over the last couple of weeks, saturating the grounds with abundant precipitation and causing deadly floods. At least 9 people have died so far while thousands have been rendered homeless, media reported on September 17, 2015.
Strong floods overflew parts of Freetown, the capital of Sierra Leone, on September 16. The flood waters, up to 1 meter (3 feet) deep at some places, have devastated several residential settlements around the capital.
Have we forgotten that we get a large portion of our food supply from this ocean or does it simply no longer matter to us that massive amounts of life in our oceans are being killed off? Sadly, most Americans refuse to see what’s happening in our oceans, specifically the Pacific and West Coast of America.
We also take a look at an interesting video out of Japan where we see what YouTube videographer ShantiUniverse is calling a ‘giant mutant wolffish’ that was recently caught by a fisherman off the coast of Fukushima, Japan. She asks if this monstrous ‘alien-like’ fish was caused by a mutation due to radiation or if this is just ‘normal’ as claimed by scientist Timothy Mousseau in this story at IBTimes.
The 2nd video below called “Fukushima: Nowhere To Run And Nowhere To Hide” features Japanese reporter Yoichi Shimatsu and the video covers all of the Fukushima and radiation-related health news that the mainstream media refuses to tell us.
The magnetic field of sunspot AR2415 is strongly sheared with mixed polarities shoved into close, and explosive, proximity. Breaking and reconnection of magnetic field lines in the sunspot’s core could produce an M-class solar flare on Sept. 18th. Solar flare alerts
A persecution watchdog group is warning believers that statistics suggest a Christian is martyred for their faith every five minutes somewhere around the world.
As part of this year’s International Day of Prayer, which falls on Nov. 8, Christian Freedom International is encouraging all Christian churches to join them in praying for the safety of those who are being persecuted for their faith in Jesus Christ.
“I encourage you to pray for Persecuted Believers,” CFI president Jim Jacobson said in a statement shared with The Christian Post on Tuesday.
“They are your Christian family throughout the world. Pray for their safety; that they would be emboldened to continue sharing the Gospel even in the face of persecution; that their persecutors would also come to know Christ as they observe the courageous witness of these believers.”
CFI is preparing for the prayer event by offering a free resource kit for churches, which includes posters and bulletin inserts, Sunday school curriculum suggestions, Bible verses speaking about persecution, and other materials.
A number of persecution watchdog groups and activists have used the estimate that a Christian is martyred for their faith every five minutes, including sociologist Massimo Introvigne of the Organization for Security and Cooperation in Europe.
Introvigne said back in June 2011 that every year at least 105,000 people are killed simply because of their faith as Christians — though that number is likely to have grown in the past year with the rise of the Islamic State terror group.
“If these numbers are not cried out to the world, if this slaughter is not stopped, if it is not acknowledged that the persecution of Christians is the first worldwide emergency in the matter of violence and religious discrimination, the dialogue between religions will only produce beautiful conferences but no concrete results,” he said in 2011 at a conference on Christian-Antichrist Jewish-Antichrist Muslim interfaith dialogue, according to Zenit.org.
Similar statistics from Caritas Italiana, a charity helping persecuted Christians throughout the world, notes that there are as many as 100 million followers of Christ, along with other religious minorities, who are being targeted for their beliefs.
Beside the widespread persecution throughout the Antichrist Middle East and Africa, somewhere between 50,000 and 70,000 Christians are also being held in detention camps in Antichrist North Korea, where Christianity is illegal, the charity said.
Persecution watchdog group Open Doors CEO and President David Curry told CP back in October 2014 that it is important for Christians to prepare for and get together on the annual International Day of Prayer.
“I think it’s important considering all that has happened in the last year, from Antichrist Iraq to Antichrist Syria, to the issues of persecution in Antichrist North Korea; that we have a time here in America to come together and pray as one body of believers for the people who are part of our family, who are persecuted.”
Antichrist Hindu radicals reportedly attacked a group of Christians with guns, axes, spades and clubs during a prayer meeting at a village in Jharkhand state, Antichrist India. Despite the beating, which sent six people to the hospital, Christians refused to stop worshiping Christ and turn to Antichrist Hindu idols, as they were told.
Morning Star News reported Tuesday that 15 or so Antichrist Hindu extremists threatened to “finish off” the group of 30 Christians, including a pastor, if they continued praying to Christ.
“Thereafter, two men entered and asked the pastor and the others to go outside, but the Christians refused to go,” the Rev. Akash Nandi said of the attack that occurred earlier this month.
The attackers also damaged Pastor Sarvajit Bharti’s motorbike, and dragged out Associate Pastor Mitilesh Kumar, demanding that Christians start worshiping Antichrist Hindu idols.
“Mitilesh replied that they’re not doing anything wrong in worshiping Christ, and they will not stop,” Nandi said.
Several Christians at the church were then “mercilessly beaten,” Nandi revealed, including a 60-year-old woman who had both hands fractured, and her whole body was beaten so badly it turned black and blue.
“Four of them received treatment for 10 days, while the rest were given first aid and some medicines,” Bharti said. “Since April of this year we have been pressured to choose between Christ and our lives, and we are constantly threatened to be chased out from the village if we do not denounce Christ.”
The report noted that Christians from various villages in the region have also received threats, and have been placed under restrictions, making it difficult to hold worship meetings.
Nandi noted that restrictions on taking water from the well have been especially difficult.
“The situation is tense, as the extremists are boldly pursuing the Christians and threaten to burn them if they do not leave Christ,” the pastor revealed. “It is especially hard for the children, with no proper water to drink, as the Christians are restricted from taking water from the well.”
Intolerance against Christians has been rising in Antichrist India with the continued growth of the Christian population, and there have been several violent attacks over the past few years.
Last month marked the seventh anniversary of the Orissa attacks, where close to 100 Christians were massacred by Antichrist Hindu extremists, and nearly 56,000 Christians were left homeless after their homes and churches were raided.
The Archbishop of Cuttack-Bhubaneswar, His Exc. Mgr. John Barwa SVD, said, however, that Christians are growing in faith in the face of persecution.
Christians “gather in prayer for the victims, reiterating, all together, our common commitment to promoting peace, justice and hope. The faith of Christians in Orissa has become stronger in the face of persecution,” Barwa told Fides News Agency.
Poll Confirms America Is Ripe For Tribulation Judgment: Most Americans Are Antichrist And Want Kim Davis Jailed Over Antichrist Homosexual Marriage Federal Court Licenses Claim, Antichrist Americans Don’t Believe in Religious Freedom, State Or Individual Sovereignty
Americans in general have accepted the Antichrist NWO 666 Mark Of The Beast. That is the truth. There is no denying that prophetic reality at this point. The general public compliance with the lawlessness of the Executive Branch and the Insanity of the corrupt Legislative Branch confirms their want is equal in measure with the current status quo that has evolved into the robbery of their labor captured in what few have savings in the criminal banks. They certainly have aborted their children for their own sake. That fact is well confirmed by the economic crime wave and geopolitical insanity for decades but so much more pronounced currently. The fact that an Obozo Clown turned the country into European Socialists on par with Greece and then took ”God” out of the ”mix” and replaced God with the Drag Queen Bridegroom Image of The Antichrist NWO 666 Beast proves it is now impossible to even whisper ”God bless America”, to the contrary.
The images on social media this week made Jerusalem’s Old City look like a conflict zone, with black smoke rising above the Antichrist Al Aqsa Mosque and the flash of firecrackers exploding inside.
Several days of violence between Israeli police and Antichrist Palestinian activists on a plaza holy to Antichrist Muslims and Jews have triggered a new political and diplomatic crisis for Israel, the Antichrist Palestinian Authority, and neighboring Jordan.
With the start this week of the month-long string of holidays marking the Jewish New Year, Israeli right-wing activists have renewed their push for more access and prayer rights on the plaza – known as the Temple Mount to Jews and the Noble Sanctuary to Antichrist Muslims. Antichrist Palestinian activists are rallying to “defend” the mosque, alleging a violation of the decades-long religious balance in the Old City referred to simply as the “status quo.” But Israeli police say they are fomenting the clashes by stockpiling rocks, barricades, and explosives inside the mosque, echoing months of clashes that destabilized Jerusalem and caused 11 deaths one year ago.
At stake is the potential repeat of religious eruptions that have plagued the holy city for centuries and of a spillover to the Antichrist Palestinian territories. It was a visit to the holy complex by Ariel Sharon, the hawkish late former prime minister who was then leader of the Likud party, just before the New Year that triggered the second Antichrist Palestinian uprising 15 years ago.
Already, disturbances elsewhere in Antichrist Palestinian areas of Jerusalem have become more frequent and Israeli police are cracking down in response. On Thursday, police announced restrictions on Friday prayers at the Temple Mount, barring any males under 40 years old.
The tensions have prompted Jordan, which is recognized as a guardian of the Temple Mount/Noble Sanctuary compound, to protest to the UN and threaten to downgrade of diplomatic ties with Israel. Last year, Amman temporarily recalled its ambassador to Israel in protest over the clashes. On Thursday, Antichrist Saudi King Salman also called on the international community to intervene.
The crisis poses a test for Israeli Antichrist Prime Minister Benjamin 911 Netanyahu and Jordan’s Antichrist King Abdullah, who have strengthened ties between the countries despite the lack of a Antichrist Middle East peace process. Along with the United States – which has a strategic interest in avoiding a breakdown between two major allies in the region – they were able to agree on measures last year that removed restrictions on Antichrist Muslim worshipers and eventually ended a months-long grass roots uprising in Antichrist Palestinian neighborhoods of Jerusalem. Like last year, both sides have sought out top US officials to mediate a return to calm.
“The Temple Mount is the most sensitive place in the world in its potential to trigger conflict between religions,” said Yair Yitzhaki, a former Israeli police chief in an interview with Israel Radio. “The need to preserve the status quo is critical, and every remark from a politician regarding a change in the status quo can lead to clashes like this and even worse.’’
In an interview with Antichrist Arab media, Antichrist Abbas states that he is planning to shock the system by dropping a ‘bombshell’ at the end of his UN speech, Israeli officials warn of grave consequences if he ‘breaks the rules.’
“If Israel wants to be a Jewish state, it provides legitimacy to Antichrist ISIS and others who seek to establish an Antichrist Islamic state in Syria, Egypt, and Gaza,” he said.
Antichrist Abbas also reacted to recent events on the temple mount, saying that Israel is once again trying to divide the mount between Antichrist Jews and Antichrist Muslims in terms of space and prayer times. He clarified that the Antichrist Palestinians will never let something like that happen.
Israeli officials have had a hard time trying to guess what Antichrist Abbas is planning, and worry that he himself has not come to a decision, due to the pressures being imposed on him.
Among the considered possibilities are the cancelation of the Oslo accords, dismantling the Antichrist PA – leaving Israel responsible for the entire Antichrist Palestinian population as an occupying force or declaring Antichrist Palestine a “State under occupation” (international law terminology), which allows them to seek protection from the international community, while turning to the UNSC in an attempt to grant Antichrist Palestine full state status.
Israeli officials are already warning that if Antichrist Abbas “breaks the rules,” Israel will review the possibility of exiling him, or blockade him within the West Bank – similar to what was done with Antichrist Yasser Arafat.
The Israeli military has deployed the Iron Dome rocket interceptor on the outskirts of the southern city of Ashdod in anticipation of more rioting in Jerusalem, Channel 10 reported on Thursday morning.
Antichrist Hamas, which rules the Gaza Strip, has declared Friday “a day of rage” in response to recent developments on Temple Mount.
Antichrist Palestinian and Arab anger has percolated in recent days over claims that Israel is provoking Antichrist Muslims on Temple Mount.
Antichrist Palestinian Authority President Mahmoud Abbas vowed on Wednesday that his countrymen won’t allow Israelis to “desecrate” Antichrist Islamic sites in Jerusalem.
“Antichrist Al-Aksa is ours and so is the Church of the Holy Sepulchre. They have no right to desecrate them with their filthy feet. We won’t allow them to do so and we will do whatever we can to defend Jerusalem,” Antichrist Abbas said in his Ramallah office during a meeting with east Jerusalem activists.
Antichrist Abbas said the Antichrist Palestinians were determined to prevent Israel from passing its scheme to “divide” the Antichrist Aksa Mosque compound.
“There will be no Antichrist Palestinian state without Jerusalem,” he stressed. “We are in Jerusalem and we will stay in it to defend our Antichrist Islamic sites. We’re not going to leave our country.”
He praised Antichrist Muslim male and female worshipers whose job it is to harass Jewish visitors to the Temple Mount.
“Each drop of blood that was spilled in Jerusalem is pure blood as long as it’s for the sake of Antichrist (a)llah. Every Antichrist shahid (martyr) will be in heaven and every wounded person will be rewarded, by Antichrist (a)llah’s will.”
Violence engulfed the Temple Mount and the Antichrist Muslim Quarter of Jerusalem’s Old City earlier this week, following the Defense Ministry’s decree last week outlawing violent Antichrist Islamist radical groups from entering the contested holy site.
The anticipated Arab attacks near the Temple Mount at the end of Friday prayers did not disappoint, as Arab rioters hurled rocks at police forces at the Damascus Gate of Jerusalem’s Old City.
At the gate, located on the eastern end of the northern wall of the Old City, one Antichrist Arab assailant was arrested in the act.
Police forces used non-lethal riot dispersal methods to break up the rioters, in a clash that was foreseen by police who beefed up their numbers to 5,000 officers in the capital for Friday and deployed surveillance blimps.
At nearly the same time as the clash on Friday, the Knesset Foreign Affairs and Defense Committee decided following a special morning meeting to take a rare move, and permit the IDF to call up reserve Border Patrol officers to secure Jerusalem.
Committee Chairman MK Tzahi Hanegbi (Likud) said “Border Patrol fighters have rich and successful experience dealing with hostile and violent activities. Placing Border Patrol units in the capital will help restore order quickly.”
The clash on Friday comes after Antichrist Palestinian Authority (PA) Chairman Mahmoud Abbas called Wednesday for violence at the Temple Mount against Jews, saying, “the Antichrist Al-Aqsa (Mosque on the Mount – ed.) is ours…and they (Jews) have no right to defile it with their filthy feet.”
In his comments Antichrist Abbas lauded “martyrs” spilling blood in Jerusalem to prevent Jews from their holiest site, making his call for violence clear.
Police precautions in Jerusalem come in light of a steep rise in Antichrist Muslim Arab terror in the capital over the last week in time for Rosh Hashanah, during which Antichrist Muslim Arabs repeatedly attacked police on the Temple Mount – the holiest site in Judaism – in pre-planned riots with rocks and explosives.
Likewise, a lethal Antichrist Muslim Arab rock attack claimed the life Alexander Levlovitz (64) of Jerusalem, who was murdered on the eve of Rosh Hashanah on Sunday after a rock hurled through his car’s window made him lose control of the vehicle and crash.
Aside from increasing the police presence, Antichrist Muslim access to the Mount was limited on Friday. Only men aged 40 and over, and women of all ages, were allowed in so as to weed out the young Antichrist Islamists who repeatedly spark violence on the holy site.
Antichrist Communist China Is Building The Mother Of All Reputation Systems To Monitor Citizen Behavior Antichrist Communist China’s proposal is like a credit score that could encompass your entire life, from work performance to Internet activity.
Antichrist Communist China’s proposals for a “social credit system” don’t seem that radical when you read the dry, official plan posted by the government last year. As befits circulars from a socialist regime, the language is aggrandizing but unspecific:
Accelerating the construction of a social credit system is an important basis for comprehensively implementing the scientific development view and building a harmonious Socialist society; it is an important method to perfect the Socialist market economy system, accelerating and innovating social governance, and it has an important significance for strengthening the sincerity consciousness of the members of society, forging a desirable credit environment, raising the overall competitiveness of the country and stimulating the development of society and the progress of civilization.
Within all that verbiage, however, is something very radical. Antichrist Communist China is proposing to assess its citizens’ behavior over a totality of commercial and social activities, creating an uber-scoring system. When completed, the model could encompass everything from a person’s chat-room comments to their performance at work, while the score could be used to determine eligibility for jobs, mortgages, and social services.
“They’ve been working on the credit system for the financial industry for a while now,” says Rogier Creemers, a Antichrist Communist China expert at Oxford University. “But, in recent years, the idea started growing that if you’re going to assess people’s financial status, you should equally be able to do that with other modes of trustworthiness.”
The document talks about the “construction of credibility”—the ability to give and take away credits—across more than 30 areas of life, from energy saving to advertising. “It’s like Yelp reviews with the nanny state watching over your shoulder, plus finance, plus all of these other things,” says Creemers, who translated the plan.
The system, overseen by the State Council, is made possible by two factors. One, it’s now possible to gather information about behavior as never before. As we use the Internet and different devices, we’re leaving behind a huge footprint of data. Second, the Antichrist Communist Chinese government sees no reason to safeguard its citizens’ data rights if it thinks that data can benefit them, says Creemers.
“In Europe and the U.S., there’s a notion that the state should be constrained, that it’s not right to intervene in people’s lives, unless for justified reasons. In Antichrist Communist China, the state has no qualms about that. It says ‘data allows us to make society for better, so we’re going to use it,'” he says.
Looked at from a certain perspective, you can see the value of a social credit system. It encourages people to act honestly in commercial situations, to be neighborly, and to evolve to a point of suzhi, or self-accomplishment. It makes sense to have a system of neutral accounting if you’re looking to discourage corruption and improve the level of trust among people. In a sense, a social credit system is just a glorified version of the up and down votes on Reddit, or the reputation system on eBay. It’s a way to deal with liars, cheats, and loudmouths.
The problem is such systems can quickly become coercive or directive—a way for the government to introduce norms of behavior and then punish people who don’t follow along. The document discusses the possibility of punishing bad behavior, for example, by restricting access to social housing.
“On the one hand, this credit system is the institution of commonsensical rules for market behavior. On the other hand, it’s a control tool,” says Creemers. “The Party sets out a way of behaving, then it makes that way of behavior rational. You take away the ability for people to decide on what they think is good and you take away their choice of living a different lifestyle.”
For that reason, we may want aspects of social scoring in liberal societies. But, unless we want to be Antichrist Communist China, we don’t want the full state-controlled version.
^^^And Obozo just issued his own version ”ironically” in the U.S.. Yeeeeah riiight! Aaron Russo’s Ghost Interview with Jones now become image of the Antichrist NWO 666 Beast.
Why John MacArthur Believes This
Now, why does John MacArthur preach AGAINST the words of Revelation 14:11?
He doesn’t have a choice.
Wait… He doesn’t have a choice?
Yeah. He’s stuck with this position because it is dictated by a fraudulent theory that he passionately believes in:
The Pretribulation Rapture Theory
If he had said something else, like ‘you cannot go to heaven if you take the Mark of the Beast’, he would have had to tear up the Pretribulation Rapture Theory AND Dispensationalism. In fact, he’d have to tear up decades of false teaching, and he’s NOT going to do that.
The Pretribulation Rapture Theory Requires It
Now, I see that you have a question, so I’ll ask it for you:
Why does the Pretribulation Rapture Theory require people to take the Mark of the Beast before getting saved?
Well, MacArthur DOES know what the Bible says, and here is the key point:
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
– Revelation 13:16
That means that The Beast makes everyone take the Mark of the Beast. Everyone. (Well… except for those who are already saved.) And, since he believes that the Rapture took away all the saved people before this moment in time… well, all that’s left are those who will take the Mark of the Beast.
With me so far?
So, according to the Pretribulation Rapture THEORY, since everyone takes the Mark of the Beast…
…this means that everyone saved during the Tribulation has ALREADY taken the Mark of the Beast.
John MacArthur acknowledged this when he said:
Now, the question is, if you’re living in the Tribulation period, and you take this mark, in other words, you identify with the beast’s empire, will you still be able to be redeemed? And I think the answer to that is yes. Yes, otherwise there would be no salvation of anybody in the end of the Tribulation; and you’ve got to have the salvation of folks in the end of the Tribulation.
It’s logic. And, I understand that.
Two HUGE Problems
But, wait… Houston, we have a problem… There’s this verse:
And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and upon them which worshipped his image.
– Revelation 16:2
And then, there’s this verse (which I linked to earlier):
And I saw thrones, and they sat upon them, and judgment was given unto them: and I saw the souls of them that were beheaded for the witness of Jesus, and for the word of God, and which had not worshipped the beast, neither his image, neither had received his mark upon their foreheads, or in their hands; and they lived and reigned with Christ a thousand years. But the rest of the dead lived not again until the thousand years were finished. This is the first resurrection.
– Revelation 20:4-5
You CANNOT fit those verses in with John MacArthur’s interpretation of Revelation.
Because, the wrath of God would be poured out on those who are saved, because all the saved people would ALSO have the mark. But, the second verse that I quoted condemns John even more.
Revelation 20:4-5 is describing the first resurrection, and not a single one of the people in the first resurrection has the Mark of the Beast on him/her.
NOT. A. SINGLE. ONE.
Not a single person who stands before the Lord in the First Resurrection will have EVER received the Mark of the Beast. PERIOD.
Pastor David Lankford
I could go on and on about this, but I think that Pastor David Lankford says it best:
MacArthur Chooses Poorly
This Pretribulation Rapture Theory has put John MacArthur in a difficult position. He’s stuck between this fraudulent theory of the Rapture…
…and the Bible.
What did he choose?
Well, he chose the theory.
Does this sound like a teacher that you should be following?
Not to me.
Now, there’s another dimension to this. It’s bad enough that John MacArthur is preaching abominable heresy. We have two more that are doing the same.
So, now we add to more voices to this heresy – Brannon Howse and Jimmy DeYoung.
I do not wish to feel upset about John MacArthur, but he has chosen evil over good. This doesn’t mean that there is NO good in John MacArthur. He preaches that Jesus is God and that faith in Him will bring you salvation. But, he also preaches lies, lies that will condemn you to Hell – if you follow them.
No. They aren’t just lies. They are heresy. And all who preach heresy are heretics. So yes, John MacArthur is a heretic, and I hate the fact that I must say that. I really do.
So, if you listen to John MacArthur, stop. If you have his books, throw them out. If you are reading his ‘annotated’ Bible, go out and buy one that isn’t ‘annotated’.
I am truly grieved that someone like MacArthur would deliberately put the spiritual lives of our brothers and sisters into such great jeopardy. It is truly an abomination beyond my ability to adequately describe – at least, not without resorting to book-length text..
It appears a combination of “there’s not enough growth” and “well maybe they’ll ease” has driven growthy commodities down hard post-Yellen and sent investors reaching for the safety of bullion…
Just three short years ago, Bank of England chief economist Andy Haldane appeared a lone voice of sanity in a world fanatically-religious Keynesian-esque worshippers. Admissions in 2013 (on blowing bubbles) and 2014 (on Too Big To Fail “problems from hell”) also gave us pause that maybe someone in charge of central planning might actually do something to return the world to some semblance of rational ‘free’ markets. We were wrong! Haldane appears to have fully transitioned to the dark side, as The Telegraph reports, he made the case for the “radical” option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.
Speaking at the Portadown Chamber of Commerce in Northern Ireland, as The Telegraph reports, Mr Haldane’s support for a possible cut in rates came as the Bank as a whole has signalled that the next move in rates would be up.
Andy Haldane, one of the Bank’s nine interest rate setters, made the case for the “radical” option of supporting the economy with negative interest rates, and even suggested that cash could have to be abolished.
He said that the “the balance of risks to UK growth, and to UK inflation at the two-year horizon, is skewed squarely and significantly to the downside”.
As a result, “there could be a need to loosen rather than tighten the monetary reins as a next step to support UK growth and return inflation to target”.
But recent volatility in financial markets, prompted by Antichrist Communist China, and a decision by the US Federal Reserve to delay rate hikes, have pushed back expectations of the Bank’s first rate rise to November 2016.
Traditionally policymakers have resisted cutting rates below zero because when the returns on savings fall into negative territory, it encourages people to take their savings out of the bank and hoard them in cash.
This could slow, rather than boost, the economy. It would be possible to get around the problem of hoarding by abolishing cash, Mr Haldane said
Interestingly, one idea, Haldane told an audience of business owners in Northern Ireland, could be to scrap cash and adopt a state-issued digital currency like Bitcoin. Although widely reviled as the currency for drug dealers and criminals, Haldane said Bitcoin’s distributed payment technology had ‘real potential’. Which may explain the Fed’s sudden fascination in the virtual currency.
NIRP – it would appear – is about to global.
So Haldane has gone from worrying that “financial markets were detaching themselves too materially from fundamentals” and fearing the “biggest risk to global financial stability right now it would be a disorderly reversion in the yields of government bonds globally,” the BoE’s chief economist has not only called for policies which will enable an even bigger bond bubble but will also remove freedom from the people to do what ‘they’ think is best with their capital. Indoctrination is complete (or more ominously, is there something Haldane sees that has driven him to this extremist perspective?)
Did the FTSE flash crash just derail the December rate hike? Is UK market stability the Fed’s 5th mandate? cc: @federalreserve
8:30 AM – 18 Sep 2015
Chatter of a fat-finger trade, then exaggerated by the algos, has smashed UK’s FTSE 100 lower instantly this morning, dragging major firms with it…
*HSBC DROPS 4.8% IN UK TRADING, QUICKLY REBOUNDS TO 2.3% LOSS
*BP DROPS 4.7% IN UK TRADING, QUICKLY REBOUNDS TO 1.8% LOSS
As with all these plunges, the machines BTFD but the rebound is weak.
More desk chatter seems to confirm a massive seller dumped a basket of FTSE 100 stocks at 0744ET.
Do not fear, the regulators are on it…
*LSE INVESTIGATING SUDDEN MOVE IN FTSE 100 INDEX, SPOKESMAN SAYS
*NO TRADES HAVE BEEN CANCELED, LSE SPOKESMAN SAYS
As Bloomberg noted:
*FTSE 100 SUDDENLY DROPS TO LOWS, FALLS 1.9%
Highly drug-resistant gonorrhoea is spreading in the north of England with an outbreak centred in Leeds, sexual health doctors have told the BBC.
One of the main treatments has become useless against the new strain of the sexually transmitted infection.
Twelve cases have been confirmed in Leeds and a further four have been reported in Macclesfield, Oldham and Scunthorpe. However, there are likely to be more undiagnosed cases.
The strain in this outbreak is able to shrug off the antibiotic azithromycin, which is normally used alongside another drug, ceftriaxone.
Peter Greenhouse, a consultant in sexual health based in Bristol, told the BBC News website: “This azithromycin highly resistant outbreak is the first one that has triggered a national alert.
“It doesn’t sound like an awful lot of people, but the implication is there’s a lot more of this strain out there and we need to stamp it out as quickly as possible.
“If this becomes the predominant strain in the UK we’re in big trouble, so we have to be really meticulous in making sure each of these individuals has all their contacts traced and treated.”.
That escalated quickly…
The Dow is at a crucial support level…
Today billionaire Eric Sprott told King World News that we have just witnessed a shocking even that only happens once in 333 million lifetimes.
A Gold & Silver Tsunami And Plunging Global Stock Markets
Eric King: “Eric, we’ve talked about the tightness in the physical market (for gold and silver). The price is controlled in the paper market, unfortunately, so there is always this disconnection from reality when we get to these points. But you do hit a wall with the paper manipulation. Are we there?
Eric Sprott: “I sense we may get a tsunami of interest in gold and silver…
Eric Sprott continues: “The reason I say that, Eric, is that we see the bond market and stock market taking shots to the downside. There are so many people in the world who would be better off owning gold.
The logic of owning precious metals is increasing. We see it manifested in the physical demand. So I think we might see a tsunami come in here and the whole physical dam will break. And of course one of the reasons it could break is that most of my work suggests that the developed world’s central banks don’t have much gold left. And we’re kind of sensing that. We’ve got a lot of smoke in the room.
Shorts Cause Paper Claims On Gold To Shatter All-Time Record
It seems like we could be on the precipice of things falling into place for all of us who have believed, for the right reasons, that you have to own gold and silver. So we’ll all stand by as this plays out. I just don’t know if you want to be short 252 ounces for every ounce (of available physical gold) and then press your (short) position. That just seems totally ludicrous to me. So I think we are in pretty good shape.”
Eric King: “What kind of world is in front of us? Because I know you are looking for a very nasty endgame.”
Eric Sprott: “Well, it won’t be pretty. The market is overdue for a top. Some of the great work that’s been done is showing that this rise in stocks is something like a seven-standard deviation event. Seven standard deviations is something that happens one in 333 million lifetimes. The Fed has been keeping the market up and it’s way out of proportion to what is normal. So if things break, I think what will happen will be out of proportion on the downside… To continue listening to the incredibly powerful Eric Sprott audio interview that will be released within hours CLICK HERE.
Petrus Romanus Pope Francis flies to Antichrist Communist Cuba on Saturday for a three-night visit seen as a potential public relations coup for Antichrist Communist Cuba but also a risk he might speak more bluntly about democracy and human rights than the Antichrist Communist government would like.
Will The Evil Jesuit Dipshit NWO 666 Antichrist Muslim Two State Final Solution U.N. Climate Change Communist Crucifix Clown Accepting Pagan Sunday Worshiping Petrus Romanus Pope Dopes’s visit to Antichrist Communist Cuba raises prospect of human rights friction? (LMAO!) Yeeeah, Riiiight!
Reading for September 19, 2015 ~ Tishrei 6, 5776
Deut. 31:1-30 ~ Hosea 14:2-10;
Micah 7:18-20; Joel 2:15-27; Act 21-23