Jubilee Sukkot Tribulation
For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark,
39 And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be.
^^^Yes, it is permissible to kick the teeth out of pre-trib dipshits after they are proven wrong. Lol.
Pastor Biltz, I believe that we have come to the end of an era.
For so long, people have been mocking the idea that judgment is coming to America, not realizing that it is only because of God’s grace that we have been given so much time to repent.
Now, I believe that the period of grace is coming to an end and a time of judgment is beginning.
God help us. (NOT A CHANCE!) Here’s what America’s newly homosexualized, “values neutral” military looks like.
Last week, in a strange fit of actual news reporting, the New York Times published an exposé revealing that, under this Antichrist NWO 666 Obozo 911 Homosexual Climate Change Clown administration, the Department of Defense is not only permitting the homosexual abuse of little boys at the hands of Antichrist ”(a)llah has no Son” Muslim bastard allies in Afghanistan, but is effectively facilitating it.
^^^Everyone involved is going to to Hell.
There were no radio signatures that would suggest a Coronal Mass Ejection (CME) was produced during the event..
Typhoon “Dujuan”, known as Jenny in the Philippines, made landfall in Taiwan, on September 28, 2015, Japan Meteorological Agency (JMA) reported. The system slammed into the island with wind speeds over 200 km/h (124 mph) thus falling into a violent typhoon category. Violent winds and giant waves have already been reported across Taiwan, and further extreme weather conditions, including severe flooding and landslides are expected. Typhoon will continue marching toward Antichrist Communist China, where safety measurements have already taken place, while awaiting the second landfall..
Typhoon “Dujuan” was packing maximum sustained winds of 222.2 km/h (138 mph) with wind gust speed reaching 268.5 km/h (166.8 mph) at 09:00 UTC, according to Joint Typhoon Warning Center (JTWC). Typhoon was moving westward at 30 km/h (18.6 mph) and its central pressure was estimated at 940 hPa.
James Reynolds of Earth Uncut TV, reported huge waves and extremely violent winds over Suao, Taiwan, as the system was approaching the island.
The epicenter of today’s earthquake was Biotech and Corporate Bonds…
Biotechs were bloodbath’d – IBB dropped almost 8% today alone – the biggest drop since August 2011 – testing back to Black Monday lows and now unchanged since October 2014…
High yield bond prices have fallen for 12 of the last 13 days and today’s decline was the biggest daily drop since Nov 2011, breaking towards Nov 2011 spike lows...
All the major US Equity Indices are at or below Black Monday Lows…
Bonus Chart: All The FedSpeak has confused markets even more with 2015 rate hike odds now at record lows…
Update: And there it is: GLENCORE DEBT INSURANCE COSTS SURGE TO RECORD HIGH; 5-YR CREDIT DEFAULT SWAPS RISE 154 BASIS POINTS FROM FRIDAY’S CLOSE TO 708 BASIS POINTS
Just last Thursday we asked whether Goldman was “preparing to sacrifice the next Lehman”, by which of course we meant the world’s largest commodity trading counterparty, Baar, Switzerland-based Glencore which just two weeks ago unveiled an unprecedented “doomsday” capital raising and deleveraging plan which, in retrospect, was not enough.
The punchline of Goldman’s report was that if commodity prices drop 5%, or even stay where they are, then Glencore’s investment grade rating – the most critical foundation of its entire trading operation where a downgrade to junk would launch a collateral and margin-call waterfall cascade a la AIG – would be lost. From Goldman:
Glencore’s trading business relies heavily on short-term credit to finance commodity deals and its financing costs would increase if it were to lose its Investment Grade credit rating. In addition, it could even lose some counterparties due to increased counterparty risk.
As we added on Thursday, “what a junking of Glencore would do, is start a collateral demand waterfall cascade that the cash-strapped company simply would not be able to sustain.” So having laid out the strawman, Goldman next, very conveniently, explains just what would take for the Investment Grade trap to slam shut: “it would only take a c.5% fall in spot commodities prices for concerns about its credit rating to resurface.”
Of course, Glencore’s leverage to commodity prices was first explained in our March 2014 post, in which we said buying Glencore CDS is the best and easiest way to bet on a Chinese credit and commodity crunch.
Fast forward to Monday morning when those who bought into Glencore’s equity offering at 125p less than two weeks ago on September 16, are already down a whopping 43% (we won’t even bother calculating the loss since the company’s 2011 IPO), following the biggest daily drop in Glencore history, with the stock mauled some 27% at last check..
.. on the heels of a note from Investec which said nothing Zero Hedge readers did not already know, but which is spooking everyone else into realizing that the commodity trading Titanic may well be sinking.
In the note Investec notes that “using a PE-based approach to evaluate equity value going forward, in proportion to debt, we note that the heavily indebted companies (GLEN, AAL) could see almost all equity value eliminated under spot conditions, leaving nothing for shareholders…. GLEN recent restructuring may prove just the start for the majors if spot prices prevail – this supports our concern that we are still a distance from the “value point” in the sector.
In other words, even if commodity prices remain unchanged, GLEN equity could be doughnut. If commodity prices continue dropping, then – well – just read out prediction from last year.
It also means that bondholders are next in line to hold the equity after a debt-for-equity, which has also pushed Glencore’s bonds to record lows, with the GLEN €1.25b notes due March 2021 dropping three cents to 78 cents on euro, while the €750m bonds due March 2025 decline four cents to 67 cents. Both are at record lows.
If and when the bondholders realize a bankruptcy would leave them with negative enterprise value when netting out all the margin calls, we wouldn’t be surprised to see bonds trading below 50 in the coming months if not weeks.
Meanwhile, those who listened to our reco to buy Glencore CDS at 170 bps in March 2014 can take the rest of the year off. As of this moment, GLEN Credit Default Swap were pushing on 600 bps, 4 times wider, and on pace to take out the 2011 liquidity crunch highs. After that, it’s smooth sailing to all time wides and the start of a self-fulfilling prophecy which leads to the Companys’s IG downgrade and the collapse of trillions in derivative notionals as what may be the trading desk of the biggest commodity counterparty quietly goes out of business.
Outright financial collapse, chaos and most probably war is not only in sight, it is imminent and unavoidable now. Normally I try to write and support my conclusions with current or past events via links to news. For this writing, because of the length and scope I don’t plan to do this. It will be assumed that you as the reader have already heard of or read evidence of what is put forth as connectable dots.
This past week, the following article was forwarded all over the internet
http://investmentwatchblog.com/if-deutsche-bank-goes-under-it-will-be-lehman-times-five/ as Deutsche Bank is “all of a sudden news”. Maybe this is a “German thing” with the latest out of Volkswagen? Deutsche Bank is not “all of a sudden”, they have been a derivatives monster for years and were saved in 2008 with part of the $16 trillion the Fed generously sprayed all over the world. The title suggesting DB will be the equivalent of five Lehmans is on the right track but not nearly severe enough. They are tied with JP Morgan as THE largest holder of derivatives in the world. Should Deutsche Bank fail, EVERYTHING FINANCIAL FAILS! It can even be said, “the entire world is Lehman” just waiting for their credit line to be cut 48 hours before complete failure.
What we are looking at now it “the FINAL FLUSH” of the Western financial system. The Federal Reserve has lost all credibility. This has followed both the Bank of Japan and European Central Bank being seen as hopelessly neutered of the ability to support the system. Confidence was THE very last “hope” and the Fed gave even that away last week. Of course the mainstream media chimed in on Friday saying the “market was up in the hopes of a rate hike in December”. Really? Are we to believe a tightening of credit is a good thing for a system buried in leverage and being dogged with liquidity drying up? This is like saying a flame thrower is the best tool for the California fires?
Money Velocity has crashed and so has global trade. Leveraged commodity trades have blown up and left many sectors dysfunctional. Has anyone stopped to think who (other than the sectors themselves) stands to lose with $45 oil? Maybe the lenders? Would this not tighten credit even further? Why do a dozen “advanced” economies already have stock markets in bear (minus 20%+) market territory?
Geopolitically we have watched as West has lined up against East militarily in many spots all over the world. The short list includes the South China Sea, Ukraine, Yemen and of course Syria. Russia began the build up militarily several weeks back along the Ukraine border and more recently inside Syria. Now Antichrist Communist China is reportedly sending hardware to Syria including http://www.debka.com/article/24909/A-Antichrist Communist Chinese-aircraft-carrier-docks-at-Tartus-to-support-Russian-Antichrist Iranian-military-buildup ships. These are not bluffs as active fighting already exists. Can the U.S. actually “win” in any of these arenas in conventional war? It’s OK, you know the answer in your own mind, you also know what the alternative to losing conventionally is.
Before going any further I must ask you this question. Does the rule of law exist in the United States anymore? How many bankers went to jail over the blatant fraud in banking, real estate/mortgages? How many brokers went to jail for stacking MBS securities with guaranteed defaults while betting against the pools? How many exposed frauds within the Antichrist NWO 666 Obozo 911 Homosexual Climate Change Clown administration have gone un punished or even investigated? Do we really have three branches of government? Congress (Republicans) has done NOTHING they said they would when the public kicked out the snakes last November…only replaced by new ones apparently. The presidency has purged the armed forces of any conservative leadership and placed “czars” at the top of new and old agencies, what’s up with this?… which leaves the Supreme Court. They now effectively “write law” as they “interpret” ALL law. The Supremes will never see a duck as a duck and will write interpretations declaring the Sun full in the sky at midnight …final ruling and no appeal! “We the People” are screwed!
Speaking of “We the People”, while QE was used to mesmerize the middle class by holding the markets up, it in fact has gutted our real economy and has destroyed any possibility of making money the old fashioned way …by working! We now have one half or more of our population “taking” benefits and the other half “giving” them, any hope of a recovery led by the middle class is now gone as is the middle class.
Is it any wonder there are now shortages and tightness in the gold and silver markets? The East believes gold “IS” money, they also know the dollar is untenable and will not be a store of value. In fact, I believe Antichrist Communist China and Russia may step in to “help” the dollar fail. I still believe Mr. Putz Putin will come forth with a “truth bomb”, I would love to be a fly (although hidden bugs will probably be everywhere) on the wall at tomorrow’s meeting between Antichrist Communist Presidents Xi and Obozo. I can just imagine how the conversation might go, I cannot believe the U.S. will be barking ANY orders in any fashion. A sad statement but you must ask yourself this, does the U.S. have the power or ability to make demands? Remember, we are the debtor while they are the creditor!
In my opinion we are already well within the jaws of a meltdown/shutdown as liquidity is evaporating. There are a dozen developed countries with their stock markets already in bear markets (down 20% or more). All crashes come from oversold levels just as bank runs come on fast and are a surprise at the time. What is coming should be NO SURPRISE to anyone as we are looking at the end of not only an empire but of a flawed system which has endured for far too many years! This was a solvency problem in 2008 and “liquidity” was the incorrect tool used then. Now it is a bigger solvency problem with an illiquidity kicker attached …while the Fed has already used every tool imaginable and every last ounce of credibility. The loss of confidence in the issuer of the world’s reserve currency would be bad enough in an unlevered world, the loss of confidence in today’s “debt world” will be a DISASTER!
To wrap this up, do not let anything that may happen from here surprise you. The conditions are ripe for global currency crises and a shutdown of credit. The conditions are also ripe for hot war to explode in multiple venues. A meltdown or shutdown of markets will serve as a FINAL FLUSH of what remains left of the U.S. middle class. Without the “wealth” in stocks and homes, psychology will be toast. The U.S. is creating “income” from actual work at a third world level which is exactly where we are headed as our standard of living is “borrowed rather than owned”. My point is this, a market meltdown and credit shutdown will make the U.S. look like 1985 Bombay within weeks as we create nothing and have saved in “nothings” and owe everyone. This is the rosy scenario and assumes that martial law is not instituted (a poor assumption in my opinion!).
^^^Good info aside from the pre-trib claim
While the rest of the US economy was slowly but surely reentering a recession, with the only two pieces of silver lining being the relatively strong, if unbelievable, jobs data (driven by low-wage paying jobs) and the US housing market, moments ago we just got the latest confirmation that one of these two final anchors is slowly falling apart when the perpetually optimistic housing industry organization, NAR, reported that August pending home sales dropped -1.4%, on expectations of a 0.4% increase, and down from a 0.5% jump the month before. Confirming that the Antichrist Communist Chinese “hot money parking” bid is finally ending, this was the fourth consecutive miss in a row.
To the extent the memory of Fukushima had faded over the last several years, the “fallout” (no pun intended) from the nuclear-like blast that tore through an industrial complex at the Antichrist Communist Chinese port of Tianjin last month served to remind the world of how far-reaching and unpredictable the consequences can be when disaster strikes at a site that houses potentially toxic materials.
For those unfamiliar, the explosion at Tianjin set the stage for an apocalyptic scenario whereby water soluble sodium cyanide could interact with incoming thunderstorms creating cyanide rain and while that doomsday-ish scenario didn’t play out in as dramatic a fashion as some feared, there was an eerie white foam covering the streets following the first rains that fell in the wake of the explosion.
In case Tianjin didn’t satisfy your thirst for potential cataclysms, just a few days after the explosion, Japan warned that Sakurajima (one of the country’s most active volcanos) was set to erupt. That was notable in and of itself, but what made the story especially amusing (if worrisome) was that just days earlier, Tokyo had greenlighted the reopening of the Sendai nuclear power plant which is located just 50 kilometers from Sakurajima. The reopening at Sendai marked the first nuclear reactor to be restarted in Japan since the Chernobyl redux at Fukushima in 2011.
As The Guardian noted at the time, some experts claim “the restarted reactor at Sendai [is] still at risk from natural disasters,” despite the fact that it was the first nuclear plant to pass new regulations put in place by the country’s Nuclear Regulation Authority on the heels of the disaster in 2011.
Well, don’t look now but experts now say the No. 2 reactor at Fukushima may have suffered a complete meltdown. Here’s RT with more:
Fukushima’s reactor No.2 could have suffered a complete meltdown according to Japanese researchers. They have been monitoring the Daiichi nuclear power plant since April, but say they have found few signs of nuclear fuel at the reactor’s core.
The scientists from Nagoya University had been using a device that uses elementary particles, which are called muons. These are used to give a better picture of the inside of the reactor as the levels of radioactivity at the core mean it is impossible for any human to go anywhere near it.
However, the results have not been promising. The study shows very few signs of any nuclear fuel in reactor No. 2.
This is in sharp contrast to reactor No.5, where the fuel is clearly visible at the core, the Japanese broadcaster NHK reports.
TEPCO has used 16 robots to explore the crippled plant to date, from military models to radiation-resistant multi-
segmented snake-like devices that can fit through a small pipe.
However, even the toughest models are having trouble weathering the deadly radiation levels: as one robot sent into reactor No.1 broke down three hours into its planned 10-hour foray.
Despite TEPCO’s best efforts, the company has been accused of a number of mishaps and a lack of proper contingency measures to deal with the cleanup operation, after the power plant suffered a meltdown, following an earthquake and subsequent tsunami in 2011.
Recent flooding caused by Tropical Typhoon Etau swept 82 bags, believed to contain contaminated materials that had been collected from the crippled site, out to sea.
“On September 9th and 11th, due to typhoon no.18 (Etau), heavy rain caused Fukushima Daiichi K drainage rainwater to overflow to the sea,” TEPCO said in a statement, adding that the samples taken “show safe, low levels” of radiation.
“From the sampling result of the 9th, TEPCO concluded that slightly tainted rainwater had overflowed to the sea; however, the new sampling measurement results show no impact to the ocean,” it continued.