Horns

by amongthenumberedsaints

SCIENTISTS conducting a mindbending experiment at the Large Hadron Collider next week hope to connect with a PARALLEL UNIVERSE outside of our own.

Scientists at Large Hadron Collider hope to make contact with PARALLEL UNIVERSE in days 

Wow! On Saturday morning – October 17, 2015 – Mars and Jupiter will be in conjunction. It’s their first conjunction since July 22, 2013. The next conjunction of Mars and Jupiter won’t be until January 7, 2018. So this is the closest these two worlds will be to one another until 2018 – about half a degree apart, or about one moon-diameter.

Mars and Jupiter closest conjunction until 2018

The North Taurid meteors are named for the constellation Taurus the Bull because the meteors appear to radiate from this part of the starry sky. In fact, the radiant for this shower is not far from the famous Pleiades star cluster, also known as the Seven Sisters, in Taurus. Taurus rises over the northeast horizon around 7 to 8 p.m. at mid-northern latitudes. At temperate latitudes in the Southern Hemisphere, Taurus rises a few hours later.

Easily locate stars and constellations during any day and time with EarthSky’s Planisphere.

Taurus climbs upward as evening deepens into late night, and soars highest for the night shortly after midnight. The higher that Taurus appears in your sky, the more meteors that you’re likely to see. Because Taurus is a northern constellation, it climbs higher in the Northern Hemisphere sky than for our cousins in the Southern Hemisphere.

You don’t need to find the constellation Taurus to enjoy the North Taurid meteor shower. But you do need to find a dark, open sky. Be sure to take along a reclining lawn chair for comfort.

N. Taurid meteors expected peak on November 11-12

Bottom line: Meteor forecasters are calling for November 11-12 to be the peak night of the North Taurid meteor.

http://www.solarsystemscope.com

Side Note: It’s worth mentioning that the page prior to the one you are reading right now has a Graham Hancock video link that has a very interesting revelation in it that most people are not going to see. In the video he rattles of the fact that the Taurid Meters appears  to come from the Taurus Constellation. Why is that interesting? …well, he also mentions that particular annual Taurid Meteor event happens to be measured with the cataclysmic meteor event that is timed with the flood era. Mark Biltz connects the fact that the ancient hebrew letter for God represents the Bull and is connected with the Taurus constellation as a result. Considering the November 11th planet line up on the solar system  scope link above it just looks note worthy considering the prophetic reality of ”as in the days of Noah so shall it also be with the coming of the Son of Man”’. After all, the prophetic city of Babylon is destroyed by an Angel that casts down a Stone and the big Earth wobble is also yet to be fulfilled.

…Damascus still hasn’t been destroyed and there is not rebuilt Temple in Israel and no peace and security agreement confirming the Antichrist covenant with many. All the conditions are here for the fulfillment of all these things, and they can happen very suddenly, as a matter of scriptural certainty ”sudden destruction” is certain to come as with a woman travailing with birth pangs about to deliver.

Considering this year, all the eclipse appointed time(s) of Passover and Tabernacles etc… and Petrus Romanus U.N. Agenda timing etc… and as soon as September ended Gog Magog entered Syria, well, Zenith 2016 still looks like the big time.

Scientists warning and prepairing for Mega-quake mentioned in “Revelation:” Dr Keshe Claims worst earthquake mankind has ever witnessed is imminent and will kill millions 

One month ago, when looking at the dramatic change in the market landscape when the first cracks in the central planning facade became evident and it appeared that central banks are in the process of rapidly losing credibility, and the faith of an entire generation of traders whose only trading strategy is to “BTFD”, we presented a critical report by Citigroup’s Matt King, who asked “has the world reached its credit limit” summarized the two biggest financial issues facing the world at this stage.

The first is that even as central banks have continued pumping record amount of liquidity in the market, the market’s response has been increasingly shaky (in no small part due to the surge in the dollar and the resulting Emerging Market debt crisis), and in the case of Junk bonds, a downright disaster. As King summarized it “models linking QE to markets seem to have broken down.”

Needless to say this was bad news for everyone hoping that just a little more QE is all that is needed to return to all time S&P500 highs. And while this concern has faded somewhat in the past few weeks as the most violent short squeeze in history has lifted the market almost back to record highs even as Q3 earnings season is turning out just as bad, if not worse, as most had predicted, nothing has fundamentally changed and the fears over EM reserve drawdown will shortly re-emerge, once the punditry reads between the latest Chinese money creation and capital outflow lines.

The second, and far greater problem, facing the world is precisely what the Fed and its central bank peers have been fighting all along: too much global debt accumulating an ever faster pace, while global growth is stagnant and in fact declining.

King’s take: “there has been plenty of credit, just not much growth.”

Our take: we have – long ago – crossed the Rubicon where incremental debt results in incremental growth, and are currently in an unprecedented place where economic textbooks no longer work, and where incremental debt leads to a drop in global growth. Much more than ZIRP, NIRP, QE, or Helicopter money, this is the true singularity, because absent wholesale debt destruction – either through default or hyperinflation – the world is doomed to, first, a recession and then a depression the likes of which have never been seen. By buying assets and by keeping the VIX suppressed (for a phenomenal read on this topic we recommend Artemis Capital’s “Volatility and the Allegory of the Prisoner’s Dilemma”), central banks are only delaying the inevitable.

The bottom line is clear: at the macro level, the world is now tapped out, and there are virtually no pockets for credit creation left at the consolidated level, between household, corporate, financial and government debt.

What about at the micro level, because while the world has clearly hit its debt-saturation point, corporations – at least the highly rated ones – seem to have no problems with accessing debt markets and raising capital, even if the biggest use of proceeds is stock buybacks, thereby creating a vicious, Munchausenesque close loop scheme, in which the rising stock prices courtesy of more debt, is giving debt investors the impression that the company is far healthier than it actually is precisely because it has more, not less, debt!

The reality, as we first showed in January of 2014, is that for all the talk of “fortress” balance sheets, and record cash buffers, the debt build up among US corporations has more than surpassed the increase in cash. In fact, as of early 2014, total debt was 35% higher than its prior peak, as was net debt.

Therefore, to us, the answer whether debt markets are once again approaching (or have crossed into) full capacity was clear; just look at what happened to IBM when, as we predicted, it bought back so much stock its investment grade rating was put in jeopardy and the company has seen its stock languish ever since unable to lever up any more just to repurchase its own stock.

Others, of the “more serious people” variety, have finally caught up, and as UBS’ Matt Mish asks in a note late last week, “Releveraging: are debt markets approaching full capacity?”

His take:

In our latest strategy piece we concluded that, even in a stressed scenario, US and European high grade issuance could decline from peak levels yet overall activity should remain quite resilient. Well, that thesis could be tested in the coming months following a rash of (large) M&A announcements, including AB InBev’s $106bn proposed acquisition of SABMiller, Dell’s planned takeover of EMC, Sandisk’s reported attempts to find a suitor and Analog Devices indicated to be in talks with Maxim. The phenomenon is straightforward, and one we have been touting for some time: firms are increasingly releveraging balance sheets as earnings languish. Wal-Mart is perhaps the latest example, issuing disappointing profit guidance as it seeks to spend significant sums on labor and the internet in an effort to reignite sales growth (and authorizing $20bn in share buybacks to boot).

It should be clear to most what this means, but since “most” haven’t seen a rate hike in their Wall Street careers, here is UBS’ summary “This is textbook later stages of the credit cycle.”

Having seen the light, Mish asks why what is now so obvious to him, is so confusing to everyone else:

What we find interesting is that most issuers and equity investors do not consider the prospect that debt markets could be reaching a point of full capacity – at least not in the near term. There are two root causes of this belief, in our view. First, neither has a strong appreciation of the divergences between debt and equity market universes. First, equity investors typically focus on large cap benchmarks (e.g., S&P 500) – of which most of the market capitalization lies in the top 100 firms – and generally see strong balance sheets with low net leverage, many of which are rated single and double A. However, that is not what credit investors view in their own universe. By definition, while equity indices weighted by market capitalization have been biased towards higher quality companies which have low debt and high cash balances, debt indices weighted by debt outstanding have been skewed towards those issuers raising more debt and generally levering up

The World Hits Its Credit Limit, And The Debt Market Is Starting To Realize That 

In the US, this first occurred in US leveraged loans (and to a lesser extent high yield) – driven primarily by financially savvy private equity owners; now it is manifesting itself in high grade as strategics lever up balance sheets to juice earnings in an environment where hiking dividends (further), buying back (more) stock, and spending on capex (particularly overseas) appears to have diminishing marginal returns. Second, this cohort perceives low rates as a key stabilizer for financing costs. As we argued last week, low Treasury yields are a key source of support for high grade bond yields. In recent months, even as IG credit spreads have widened, government bond yield declines have helped soften the overall impact on funding costs. For high yield yields, however, the major component is credit spreads, so low Treasury yields can only do so much.

And releveraging and the underlying dynamics are not occurring in a US vacuum. In our opinion, European issuers and equity investors also do not fully appreciate the divergences in fundamentals between equity and debt markets. Our analysis shows median net leverage has been rising for European IG and HY companies for several years, while trends in median leverage for Eurostoxx 50 issuers have been more stable until 2014,

Late last and earlier this year European credit investors are increasingly seeing US issuers selling Euro-denominated IG debt to fund M&A as well as viewing domestic issuers releveraging balance sheets (e.g., in technology, healthcare, consumer staples and telecom, Figure 3). And the general direction appears to be similar, whether we look at high grade or high yield (Figure 4).

For those who missed our preview of all of this from April 2012 “How The Fed’s Visible Hand Is Forcing Corporate Cash Mismanagement“, here is UBS’ far simpler summary which even 17-year-old hedge fund managers should get:

Here lies the problem. The predestined outcome is essentially a standoff between equity and debt investors where the former will continue to pressure the latter until credit spreads widen enough to cause capital market access to contract, stemming the deal flow. In high yield, the likelihood of reaching a breaking point is greater – we have seen instances where this has already occurred and equity investors could be complacent in this respect. However, in high grade, we reiterate that the markets are somewhat bulletproof. But the stakes are rising with each record deal. Near term, credit investors in aggregate will likely continue to hold their noses and absorb the releveraging until it becomes very extreme, though extracting wider spreads in the process. Unlikely, yes, in the next quarter or two; however, even in high grade we cannot envision this type of punishment lasting for a couple more years.

And that is the real countdown, because while the Fed may or may not have any credibility left, the only thing that matters is what is left of the once proud “bond vigilantes”, virtually all of whom have been euthanized by the Fed’s steamrolling of every last fundamental tenet of the market held dear by the bond trades and analysts of the world. According to UBS this, too, is now coming to an end, and even in IG the relentless issuance of one record debt deal after another, will soon hit a brick wall. That, coupled with the peak debt at the macro level described on top, will be the catalyst for the next phase in the evolution of centrally-planned capital “markets”, whatever it may be

https://wfmu.org/listen-live/ichiban

Global Debt And GDP: Spot The Odd One Out

Actually, sorry, that was a trick headline: there is no odd one out, because when it comes to debt and GDP, it’s the same around the entire world.

I’ve long-stated that the government of the United States is completely insolvent.

And that is 100% true statement.

The government’s own numbers show that official liabilities, including debt held by the public and federal retirement benefits, total $20.7 trillion.

Yet the government’s assets, including the value of the entire federal highway system, the national parks, cash balances, etc. totals just over $3 trillion.

In total, their ‘net worth’ is NEGATIVE $17.7 TRILLION… a level that completely dwarfs the housing crisis.

If you include the government’s own estimates of the Social Security shortfall, this number declines to NEGATIVE $60 TRILLION.

And it gets worse every year.

Now, is this balance sheet an accurate reflection of reality? Do we really trust the bean counters to tell us what the United States of America is really worth?

Surely there must be significant intrinsic value to the United States military, for example.

Or the US government’s ability to collect taxes.

Or what about the value of all the natural resources underground?

These must all be HUGELY positive and would swing the government’s net worth back in the right direction.

Guess again.

The US military is certainly one of the best-trained and most effective forces in history.

But it’s difficult to place a substantial value on it when the government can no longer afford to use it.

And even when they do use it, the overall cost of doing so is negative.

The wars in Iraq and Afghanistan have cost the taxpayers $4 trillion. But where’s the financial benefit?

Aside from a few defense contractors profiting handsomely, the Antichrist communist Chinese got most of the oil.

Antichrist ISIS ended up with much of Iraq. And Iran made out like a bandit, with the US government taking out its most threatening neighbors free of charge.

Mission accomplished.

Bottom line, even the best asset in the world can end up being a big liability if it’s used improperly.

So what about the tax authority of the US government? If Uncle Sam can collect $3 trillion in tax revenue each year, surely that must count as a huge asset.

And it absolutely is. If you conduct a Present Value calculation of the future tax revenue of the US government discounted by the official 2% rate of inflation, the US government’s ability to tax its citizens is ‘worth’ $150 TRILLION.

But… if you’re going to count the government’s tax authority as an asset, you have to be intellectually honest and consider the expenses as liabilities.

Think about it: yes, the government brings in tax revenue every single year. But for nearly every year over the last seventy years, they’ve spent far more money to deliver on the promises they’ve made to their citizens.

Those promises are liabilities. And given the government’s spending history since the end of World War II, the liabilities far exceed the tax authority asset.

More importantly, though, isn’t it a little bit scary to consider that the government’s #1 asset is its ability to steal money from you?

Or that the only way the government can make its liabilities go away is by defaulting on the promises it has made to its citizens?

That’s their only way out: steal from you, and default on you.

Join me in today’s very sobering (and inspiring) podcast as we dive deep into the government’s own numbers and discover the truth… and what you can do about it.

Yes, the US government really is bankrupt. Here’s proof:

Turkey threatens to SHOOT DOWN Putin’s planes as it drags West closer to war with Russia

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