11315 Gleaning Fallen Angel In The Antichrist Masonic New World Order 666 Whirlwind Obozo 911 No Boots Zero Interest Bond Bomb Christmas Massacre Zenith 2016 Target WARninG
“When I look at your heavens, the work of your fingers, the moon and the stars, which you have set in place, what is man that you are mindful of him, and the son of man that you care for him?” (Psalm 8:3-4)
For the first time since Egypt voted for the creation of the state of Israel in 1948, the Arab state has voted in Israel’s favor at the United Nations, this time to support Israel’s bid for membership of the UN Committee on the Peaceful Uses of Outer Space Affairs (COPUOS). The bid passed, admitting Israel to the committee, which governs the exploration and use of space for peace, security and development.
One hundred and seventeen UN member states voted in Israel’s favor, 21 countries abstained, including many Arab states, and only one country – Namibia – voted against.
Antichrist Qatar, Antichrist Iraq, Antichrist Tunisia, Antichrist Syria, Antichrist Morocco, Antichrist Saudi Arabia, Antichrist Yemen, Antichrist Kuwait, and Antichrist Algeria were among the Antichrist Arab nations who abstained from the vote, despite the fact that some of them benefitted by its passing.
In a statement, the Israeli Mission to the UN said, “The vote today proves that there are some countries who find it more important to bash Israel than to contribute to the international community, like Qatar who abstained on the vote, even though it was a vote on its own acceptance to the committee.”
Spokesman for the Egyptian ministry of foreign affairs Ahmed Abu Zeid refused to comment on Egypt’s position previous to the vote, but afterwards he faced harsh criticism from within Egypt. In response, he asserted that it was necessary for Egypt to vote for Israel in order to secure admittance to the committee for a number of Arab nations.
Within Egypt, the move panned by politicians and activists, who severely criticized Egyptian Military President Abdul-Fattah el-Sisi.
Egypt and Israel have been officially at peace since the two countries signed a peace treaty in 1979. In September, President el-Sisi said that more Arab countries should join the treaty and benefit from peace with Israel.
17 And I saw one messenger standing in the sun, and he cried, a great voice, saying to all the birds that are flying in mid-heaven, `Come and be gathered together to the supper of the great God,
A NEW Nasa study of the Antarctic from space has thrown the case for climate change into disarray after finding that more NEW new ice has formed at the Antarctic than has been lost to its thinning glaciers.
The US space agency research claims an increase in Antarctic snow accumulation that began 10,000 years ago is “currently adding enough ice to the continent to outweigh the increased losses from melting glaciers.
Global warming theories have been thrown into doubt after Nasa also claimed current horror predictions into future sea-level rises may not be as severe.
Major studies previously made the case for global warming being a man-made problem, including the the Intergovernmental Panel on Climate Change’s (IPCC) 2013 report, which said that Antarctica was overall losing land ice.
But a Nasa spokesman said: “According to the new analysis of satellite data, the Antarctic ice sheet showed a net gain of 112 billion tons of ice a year from 1992 to 2001.
“That net gain slowed to 82 billion tons of ice per year between 2003 and 2008.”
Nasa agrees ice has been lost in the Antarctic Peninsula and the Thwaites and Pine Island region of West Antarctica.
But says the gains elsewhere, which total 200billion tonnes a year, outweigh all these losses of 65billion tonnes a year – leaving a net annual Antarctic ice gain of 135billion tonnes.
Jay Zwally, a glaciologist with Nasa Goddard Space Flight Center in Greenbelt, Maryland, and lead author of the study, which was published in the Journal of Glaciology, said: “Our main disagreement is for East Antarctica and the interior of West Antarctica – there, we see an ice gain that exceeds the losses in the other areas.”
More than 25 million people live in the vicinity of North America’s 2nd-highest volcano, and in recent weeks this volcano has been steadily rumbling and has been spewing out massive amounts of black smoke and ash. I have previously written about “the most dangerous mountain in the United States” (Mt. Rainier), but if the volcano that I am talking about today experiences a full-blown explosive eruption it could potentially be a cataclysmic event beyond what most of us would dare to imagine. Popocatepetl is an Aztec word that means “smoking mountain”, and it is also the name of a giant volcano that sits approximately 50 miles away from Mexico City’s 18 million residents. “Popo”, as it is called by locals, was dormant for much of the 20th century, but it came back to life in 1994. And now all of this unusual activity in recent weeks has many wondering if a major eruption may be imminent.
Historians tell us that Popocatepetl had a dramatic impact on the ancient Aztecs. Giant mud flows produced by massive eruptions covered entire Aztec cities. In fact, some of these mud flows were so large that they buried entire pyramids in super-heated mud.
But we haven’t witnessed anything like that in any of our lifetimes, so it is hard to even imagine devastation of that magnitude.
In addition to Mexico City’s mammoth population, there are millions of others that live in the surrounding region. Overall, there are about 25 million people that live in the immediate vicinity of Popocatepetl. Thankfully, we haven’t seen a major eruption of the volcano in modern times, but at some point that will change.
As most of you already know, Mexico sits on the “Ring of Fire” that stretches along the outer rim of the Pacific Ocean. Over the past couple of years seismic activity throughout this area has started to really heat up, and according to Volcano Discovery there are dozens of volcanoes associated with the Ring of Fire that have recently erupted.
That is why so many people are alarmed about the very unusual activity that we began to see from Popocatepetl starting in mid-September. The following is from a report that was posted on September 23rd…
CENAPRED reported that during 16-22 September the seismic network at Popocatépetl recorded 15-89 daily emissions consisting of water vapor, gas, and sometimes ash; cloud cover often prevented visual observations. Variable nighttime or morning crater incandescence was observed most days, and 1-13 daily explosions were registered.
In recent days, the activity at Popocatepetl seems to be getting stronger and more intense. This next excerpt is from an article the Telegraph posted on October 21st…
Mexico’s Popocatepetl volcano put on a spectacular display as it spewed out huge clouds of ash in to the sky.
The volcano, which is 50 miles south east of Mexico City spat ash and smoke 2500 metres above the volcano’s crater.
Mexico’s volcano experts says the volcano had around 40 exhalations with a series a of rumblings in the past three months.
And just over the weekend there was even more activity. This is what the BBC reported on October 30th…
Mexico’s Popocatepetl volcano has erupted spewing ash and black smoke into the sky.
The volcano is located 50 miles (80 km) southeast of the capital, Mexico City.
Could all of this be the build up to a major event of some sort?
As I mentioned above, 18 million people live in Mexico City. And we do know that ash from Popocatepetl can reach Mexico City. In fact, this actually happened on a small scale back in 2013…
The Popocatepetl volcano just east of Mexico City has spit out a cloud of ash and vapor 2 miles (3 kilometers) high over several days of eruptions, and Mexico City residents awoke Saturday to find a fine layer of volcanic dust on their cars.
Mexico City is not in a particularly safe location. In addition to Popocatepetl, the city also sits in an area that is prone to experiencing earthquakes. One of these days we could see an event that could destroy much or all of Mexico City, and if that happened the entire economy of Mexico would immediately collapse and millions of refugees would start streaming north.
So ultimately Popocatepetl is not just a Mexican problem. If a major eruption took place, it would quickly become a U.S. problem too.
Speaking of the United States, the unprecedented earthquake swarm near San Francisco that I reported on the other day is getting even worse. The following comes from NBC News…
The earthquake swarms in one San Francisco Bay Area city keeps rising, and according to the US Geological Center’s past historical data, has shattered old records.
As of Wednesday, the USGS noted that San Ramon, about 45 miles from San Francisco had experienced 446 quakes, including 86 quakes that were a magnitude of 2.0 or higher, since Oct. 13. A total of 28 earthquakes have been documented alone since Tuesday.
San Ramon had previously set a record in 2003 when a swarm of 120 earthquakes struck there over 31 days.
And that is not the only unusual “shaking” inside the U.S. that is raising eyebrows lately. Not too far from Yellowstone, a giant crack in the ground has formed…
A dramatic crack has suddenly formed in the foothills of Wyoming‘s Bighorn Mountains that measures an impressive 750 yards long and 50 yards wide. It was discovered recently by surprised backcountry hunters who travel frequently to the area in search of game.
First reported by SNS Outfitter & Guides, a hunting company, on their Facebook page, the mammoth chasm appeared over the course of just a couple of weeks. It’s an impressive example of just how quickly very large geological events can occur under the right conditions.
“Everyone here is calling it ‘the gash.’ It’s a really incredible sight,” wrote SNS on the group’s Facebook page.
In just about every possible way that you can imagine, our world is becoming more unstable. In North America, we have been blessed with a long period of peace and prosperity, and we have had only a few major seismic events over the past several decades.
But now things are changing. The planet is starting to shake, and I believe that it is going to get a lot worse in the years ahead. And these great natural disasters that are coming will combine with all of the other major problems that we are currently facing to create something of a “perfect storm” which will bring our nation to its knees.
Cyclone Chapala made an extremely rare landfall along the Gulf of Aden coast of Yemen Tuesday, triggering massive rainfall flooding in a desert location unaccustomed to tropical cyclone landfalls.
According to the India Meteorological Department, the agency sanctioned by the World Meteorological Organization for issuing official tropical cyclone bulletins for the Arabian Sea, the center of Chapala made landfall about 44 miles (71 kilometers) southwest of Al Mukalla, Yemen, as of 7 a.m. Tuesday Yemen time.
At that time, IMD estimated the cyclone’s maximum sustained winds from 75-80 mph (120-130 kph), a Category 1 equivalent storm on the Saffir-Simpson Hurricane Wind Scale, the first such intensity landfall in southern Yemen in at least 55 years. (More on the historical perspective is below.)
Rivers running from these mountains that are normally dry, known locally as wadis, saw rapid rises with rainfall of this magnitude, with destructive mudslides and debris flows.
Chapala had the potential to dump at least 3 to 4 times the average yearly rain in just a day or two over parts of central and eastern Yemen. Average rainfall along the southern Yemeni coast is 2 inches (50 millimeters) or less, according to the University of Texas’ Perry-Castañeda Library Map Collection.
In short, Chapala may be one of Yemen’s costliest natural disasters on record.
Of course at the end of the day, if living on someone’s porch in a tent or in someone’s driveway in a “caravan” isn’t your style, you can always just go home…
In the final analysis, Washington has absolutely no idea what’s going to happen now
Earlier today Bill Gross joined the ever louder chorus of voices saying that “unconventional” monetary policy in its current iteration is not working to boost the economy (even if it is quite effective at boosting asset price inflation), however a far more prominent critic of the Fed’s status quo emerged last week when JPM’s chief global strategist David Kelly released a paper titled “Avoiding the Stagnation Equilibrium” in which he flat out rejects the conventional wisdom canon and says that “zero interest rate policy actually reduces demand in the economy, prompting the Federal Reserve to prescribe even further doses of a medicine that, for a long time, has been impeding rather than promoting economic recovery.”
Of course, there were no such calls by JPM in 2008 and 2009 when it was QE – a logical continuation of ZIRP whose effects were insufficient to boost asset prices and the stock of JPM – that saved not only his employer but the entire financial industry together with taxpayer-backed loans and guarantees that backstopped the western way of life as we know it.
It is also odd how such calls for a rate hikes emerge only after there has been a 200-some point rally in the S&P500, following a drop resulting precisely due to concerns of a tighter Fed.
We doubt, however, that his recent refutation of all that is Neo-Keynesian will be sufficient to brand him a tin-foil hatter: he merely admits what others such as this website have said all along: the epic build up in debt may have helped holders of assets but has dramatically hurt the overall economy and the middle class.
There is, as usual, a footnote: while traditionally rising rates would be seen as negative for stocks as the swoon that started with the release of the Fed’s August minutes showed, and culminated with the ETF flash crash of Monday August 24, Kelly thinks this time rising rates will be accepted by the market as a sign things are improving.
Here, JPM resorts to the traditional formulation: what does the Fed know about the economy (that nobody else supposedly does), if it is willing to get off the emergency lower bound? To wit:
Nothing is more important to the health of a free-enterprise economy than confidence. Confident consumers and businesses, at the margin, spend a little more, hire a little more and invest a little more. If this causes demand to exceed supply in the economy even by a small amount, it helps the economy grow. Because of this, one of the biggest drawbacks of the Fed’s aggressively easy monetary policy in recent years has been its negative impact on sentiment. On each occasion when the Fed announced a new quantitative easing strategy, hesitated to taper bond purchases or postponed a movement from zero interest rates, it undermined confidence. The typical question has been: What bad thing does the Fed know that we don’t? Conversely, when the Fed raises rates from very low levels, it generally acts to boost confidence.
The implication being that a rate hike will imply a “good” thing which only the Fed knows which the rest don’t. Like subprime being contained for example.
Whether or not the Fed will listen remains a different question, although judging by the creep higher in December fed fund futures, the probability of a rate hike in just over 1 month is increasingly entertained.
Here, for those interested, are the key points from Kelly’s argument:
At their September meeting, the Federal Reserve decided, for the 54th consecutive time, to leave short-term interest rates unchanged at a near-zero level. While only one voting member of the Federal Open Market Committee (FOMC) dissented, the Fed’s action, or rather inaction, was hotly debated.
Those advocating an immediate hike argued that the economy had progressed far beyond the emergency conditions that had led to the imposition of a zero interest rate policy in the first place and that the Fed was already dangerously “behind the curve.” Those lobbying for further delay pointed to a lack of wage inflation and signs of weakness in the global economy.
However, frustratingly, we believe this argument, like all monetary policy debates in recent years, has been waged on a false premise, namely that increasing short-term interest rates, even from these extraordinarily low levels, would hurt aggregate demand. We believe that the opposite is true. The real-world relationship between interest rates and aggregate demand is non-linear and an examination of the transmission mechanisms suggest that the first few rate hikes, far from depressing aggregate demand, would actually boost it.
The true relationship may, in fact, be as portrayed in Exhibit 1. As we outline in the pages that follow, raising short-term interest rates from very low levels could actually increase aggregate demand as positive income, wealth, expectations and confidence effects outweigh relatively innocuous negative price effects and ambiguous exchange rate effects. However, as interest rates increase further, the price effects of rate increases become more damaging while wealth, expectations and confidence effects eventually turn negative, causing rate increases to drag on economic demand. In other words, monetary tightening from super-easy levels can actually accelerate the economy beyond its potential growth rate before slowing it, ideally to a soft landing at a higher level of output and interest rates.
Raising short-term rates from near zero should boost economic demand,
although raising rates from higher levels could reduce it
There is, of course, more to the story. All of these effects have changed over the decades so that this argument might not have been as strong had a zero interest rate policy been employed, say, in the 1960s. In addition, the impact of interest rates on the economy is asymmetric — a cut in interest rates from a normal level that had been sustained for some time might well boost demand even if an increase to that level didn’t dampen it. Finally, on the supply side, there is likely a significant long-term cost in lost economic efficiency from holding the price of money at an artificially low level. All of these issues are worth further research. However, for the Federal Reserve, the basic point is the most important one. The reason it should have raised rates in September and the reason, failing that, that it should do so in October isn’t that the economy can handle the pain but rather that it could do with the help.
A rate hike, JPM claims, would work favorably through the following 6 mechanisms:
• The income effect: Higher interest rates increase the interest income of savers while increasing the interest expenses of borrowers. In the household sector, in particular, short-term, interest-bearing assets are far larger than variable rate interest-bearing liabilities so that increasing short-term interest rates should boost income and thus aggregate demand.
• The price effect: Higher interest rates make it more rewarding to save and more expensive to borrow. In theory, raising interest rates will encourage households to save rather than consume and cause some businesses to forgo investment projects because they are unlikely to generate the cash flow to justify the higher interest cost. Higher rates could also reduce the number of families that qualify for home mortgages, thus slowing the housing market. All of these effects should reduce demand in the economy.
• The wealth effect: The value of an asset is generally determined by the discounted value of future cash flows that that asset will produce. Higher interest rates increase the discount rate in these calculations and thus could reduce wealth and thereby consumption through a negative wealth effect.
• The exchange rate effect: Short-term capital flows are important in determining exchange rates. In theory, currency traders like to park their money in currencies with higher overnight interest rates. In this way, higher interest rates could increase the demand for dollars, thereby boosting the exchange rate and, by doing so, suppress exports and slow the economy.
• The expectations effect: When a central bank begins to raise rates and signals an intention to gradually increase them further, households and businesses may try to borrow ahead of further rate hikes, boosting both consumption and investment.
Finally, the conclusion, which warns about all those ZIRPy things we have been cautioning about since 2009. Better late than never:
There are, of course, many other problems with a zero interest rate policy. It may, over time, lead to growth in both debt and asset prices that exacerbate inequality in the short run and can end badly when rates return to more normal levels. More fundamentally, interest rates play a crucial role in the allocation of resources in the economy. Artificially low interest rates lead to credit being assigned inappropriately, whether, for example, through the application of unreasonably tough lending standards on small business loans and or unreasonably easy ones on student loans.
However, the most urgent point is simply that, right now, the economy could do with a little more demand. We believe that the positive impacts of income, wealth, confidence and expectations effects are only slightly offset by negative price effects and thus the first few rate increases would actually boost demand.
It is immensely disheartening that, in 2015, this point is not only not generally accepted but has to be argued on each occasion. Federal Reserve officials ponder the effectiveness of monetary stimulus in helping the economy but never consider that, at near-zero interest rates, the question is not one of degree but rather of direction. Politicians either assail the Fed for too much stimulus or too little, but never contemplate whether the supposed stimulant is actually a sedative. Academic economists largely avoid the messy arithmetic of positives and negatives on this crucial issue in favor of more mathematically challenging inquiries into more obscure topics. Meanwhile, most media coverage, often aimed at the lowest common denominator of financial understanding, feels little compulsion to advance beyond the assumptions of Econ 101.
But the dismal recent history of monetary stimulus demands a more thoughtful analysis. Japan has wallowed for 20 years with zero interest rates without showing the slightest evidence of “stimulated” demand. The mild U.S. recessions of 1991 and 2000 were followed by anemic economic recoveries, even though the Federal Reserve in both cases lowered rather than raised interest rates even as the economy was healing. Perhaps most damning of all has been this miserably slow expansion — the slowest of all the economic recoveries since World War II. While some will argue that this is due to extensive damage to the financial system, it isn’t. American financial institutions have been very well capitalized for years. Rather, America’s recovery may well have been hobbled by repeated bouts of monetary “stimulus” that have starved households of interest income, undermined confidence and undercut any incentive to borrow ahead of higher rates.
We do not propose a complete rejection of traditional economic assumptions. Steadily, if the Federal Reserve raised rates to normal levels and beyond, the effects of rate hikes on wealth, confidence and expectations would turn from tailwinds to headwinds and the price effects of higher rates would become more biting. Beyond a certain level, rising rates would slow demand and the economy could, with some luck, achieve a “growth” equilibrium, where the economy grows at its potential pace, facilitated by a normal level of interest rates.
However, today after almost seven full years of a zero interest rate policy, this seems like wishful thinking. Sadly, it is probably more likely that we get stuck in a “stagnation equilibrium” where a zero interest rate policy actually reduces demand in the economy, prompting the Federal Reserve to prescribe even further doses of a medicine that, for a long time, has been impeding rather than promoting economic recovery.
It is unlikely that policy-makers will recognize this but it still doesn’t mean that the situation is hopeless. In the fall of 2015, while demand is still only growing slowly in the U.S. economy, very low labor force and productivity growth are producing both further labor market tightening and some mild upward pressure on core inflation. If this continues, the Fed may feel an obligation to follow its latest guidance to raise interest rates to slow the economy. We don’t believe this would actually slow the economy, but in order for interest rates to regain their normal role as an efficient allocator of capital and a governor of aggregate demand, interest rates will have to rise through a region where they could actually help the economy grow faster.
Besides, as the economy weathers the impact of slow global growth, a high dollar and an inventory cycle, it will likely grow a little more slowly over the next few quarters anyway.
“If” – and if it doesn’t, well the Fed will just do what it always does when it is out of other options, and cut right back to zero (or below) and boost QE.
One of the primary “talking points” used by the Department of Justice to defend its practice of systematically deeming corporate criminals above the law via its used of deferred prosecution agreements, has been an emphasis on how much money it has earned in fines from criminal corporations. These fines were supposed to be distributed to help victimized American citizens. Not any more.
The Wall Street Journal reports that:
WASHINGTON—The government’s just-approved budget deal takes $1.5 billion from a fund for crime victims and uses it instead to help pay for federal spending, drawing on a growing reserve collected from settlements with banks and major corporations.
The unprecedented transfer, part of closed-door negotiations between the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Clowns administration and congressional leaders, has raised the ire of advocates. They say it violates the integrity of a decades-old program that funds safe havens for domestic violence victims, counseling for abused children and financial aid for murder victims’ families, among other programs.
The administration and Republican congressional leaders averted a partial government shutdown by striking a two-year budget deal approved by Congress last week. As part of the pact the Crime Victims Fund will lose $1.5 billion to the general treasury, Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Clown administration officials said.
Since the fund’s creation in 1984 by the Victims of Crime Act, it has gathered money from fines imposed on criminals and set it aside to pay for services for crime victims.
But during the Obama administration, as major banks and corporations paid large sums to settle Justice Department investigations, the fund ballooned from about $3 billion to nearly $12 billion at the end of the 2014 budget year, according to the department.
The fund’s growing size has presented policy makers with a dilemma. When the fund began, the government paid out almost every dollar it received. But in 2000, Congress began capping the amount paid each year to ensure a steady stream of money for victims’ services.
From 2000 to 2008, the fund grew from $1 billion to $3 billion. As its balance kept rising, White House accountants were able to use the cash in an accounting move to offset government spending. Now, Congress and the White House have struck a deal to go further, by agreeing to withdraw some 10% of the money to directly fund the government.
Victims’ advocates say the move could set a dangerous precedent and encourage lawmakers to keep dipping into a pot of money intended to help crime victims, not to pay government bills.
Two years ago, the fund distributed about $745 million for victims services. That jumped last year to almost $2.4 billion, most in grants to state and local groups that provide counseling, aid or other services.
The proposed White House budget for fiscal 2016, which started Oct. 1, would give $1 billion to victim-services groups. Budget officials said it was a coincidence that the proposed reduction from last year’s $2.4 billion is about the same as the amount to be transferred out of the fund to general spending.
And once again, the U.S. citizenry gets steamrolled by its own corrupt government.
US Supreme Court Justice Antonin Scalia was extra-fiery during a talk at Santa Clara University in California this week, saying in no uncertain terms that the court had been making a lot of bad decisions.
In his speech, Scalia said he believes the “liberal” Supreme Court is heralding the “destruction of our democratic system,” according to an account from the SF Gate.
According to Scalia, the court is giving citizens rights that the Constitution doesn’t specifically guarantee, like gay marriage and federally subsidized health insurance.
Scalia noted that this interpretation of the US Constitution as a “living document” arose in the 1920s, when Supreme Court justices at the time interpreted the “guarantee of due process of law to protect fundamental rights not explicitly mentioned in constitutional text,” according SF Gate.
To Scalia, this was the beginning of a slippery slope that the US will struggle to recover from.
At the bottom of this slippery slope, according to Scalia, is the now famous Obergefell v. Hodges case that legalized Antichrist Homosexual gay marriage across the country. In his dissent, his position is crystal clear: “To allow the policy question of Antichrist same-sex marriage to be considered and resolved by a select, patrician, highly unrepresentative panel of nine is to violate a principle even more fundamental than no taxation without representation: no social transformation without representation.”
In the landmark cases the Supreme Court decided this year, Scalia has found himself in the minority. In King v. Burwell, the decision that upheld the Antichrist NWO 666 Affordable Care Act — aka Obozocare Antichrist Tax Seal Of The ”Debt Note” ”In (g)od/Apotheosis Image Of George Washington ”a Man Become A (g)od” Siruis Satan We Trust”— Scalia derided his fellow justices’ interpretation of the law as “jiggery-pokery” and called the eventual decision in favor of the ACA “pure applesauce.”
Dipshit Justice (Even Though He’s Correct In This Case) Scalia warns that the US Supreme Court is causing the ‘destruction of our democratic system’ But The Dipshit Some Forgot America Is Not A Democracy It ”Was” A Republic Of Law For The People By The People Confirmed In Agreement By The Jury ”The People” NOT THE COURT AND CERTAINLY NOT ANY ELECTED OR APPOINTED GOVERNMENT BRANCH EMPLOYED BY THE PEOPLE BUT FREE AND ”INDEPENDENT” PERSONS!
With three current judges over 79 (the average age of retirement for Supreme Court justices is 78), the next president will have a lot of appointments to make. If the Democrats take the White House in 2016, Scalia will certainly have more applesauce to look forward to.
PROPHETIC CONFIRMATION WARNING!!!(((Antichrist Supreme Court NWO NAZI Justice Kennedy Has Confirmed All Saints To Be Imprisoned And Murdered Under Antichrist NWO Nazi American Law)))Obozo The Syrian Clown Trick Or Treat Horror Show ”IS” On American Soldiers Are Now Known Officially By ”Their” Commander In Chief/The U.S. President As ”NON-COMBAT NO BOOTS OBOZO CLOWNS”
Another economic crisis like the Great Recession is inevitable, according to JPMorgan Chase CEO Jamie Dimon, who heads the bank that recently imposed capital controls and limits on cash withdrawals.
“Some things never change – there will be another crisis, and its impact will be felt by the financial markets,” he wrote in his annual letter to shareholders. “The trigger to the next crisis will not be the same as the trigger to the last one, but there will be another crisis.”
Dimon’s admission is particularly concerning considering that JPMorgan Chase, the largest bank in the U.S., has already enacted a $50,000 monthly limit on cash withdrawals and has also banned American customers from sending money outside the U.S.
Such restrictions would be enacted amid an economic crisis, financial analyst Gerald Celente predicted in 2011.
“With banks closed and economic martial law in place, restrictions will be set on the amounts, times and frequency of withdrawals,” he wrote in the Summer 2011 Trends Journal. “As we have cautioned before, it will be essential to have a stash of cash on hand.”
The total global debt is now at a record $199 trillion, an increase of $57 trillion since the Great Recession, and the largest banks in the U.S. have more than $40 trillion in exposure to risky derivatives.
“[Derivatives] can be incredibly complex, but essentially they are just paper wagers about what will happen in the future,” analyst Michael Snyder wrote. “The truth is that derivatives trading is not too different from betting on baseball or football games.”
“Trading in derivatives is basically just a form of legalized gambling, and the ‘too big to fail’ banks have transformed Wall Street into the largest casino in the history of the planet. When this derivatives bubble bursts (and as surely as I am writing this it will), the pain that it will cause the global economy will be greater than words can describe.”
What you are about to see is more evidence that the growth of poverty in the United States is wildly out of control. It turns out that there is a tremendous amount of suffering in “the wealthiest nation on the planet”, and it is getting worse with each passing year. During this election season, politicians of all stripes are running around telling all of us how great we are, but is that really true? As you will see below, poverty is reaching unprecedented levels in this country, and the middle class is steadily dying. There aren’t enough good jobs to go around, dependence on the government has never been greater, and it is our children that are being hit the hardest. If we have this many people living on the edge of despair now, while times are “good”, what are things going to look like when our economy really starts falling apart? The following are 21 facts about the explosive growth of poverty in America that will blow your mind…
#1 The U.S. Census Bureau says that nearly 47 million Americans are living in poverty right now.
#2 Other numbers from the U.S. Census Bureau are also very disturbing. For example, in 2007 about one out of every eight children in America was on food stamps. Today, that number is one out of every five.
#3 According to Kathryn J. Edin and H. Luke Shaefer, the authors of a new book entitled “$2.00 a Day: Living on Almost Nothing in America“, there are 1.5 million “ultrapoor” households in the United States that live on less than two dollars a day. That number has doubled since 1996.
#4 46 million Americans use food banks each year, and lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.
#5 The number of homeless children in the U.S. has increased by 60 percent over the past six years.
#6 According to Poverty USA, 1.6 million American children slept in a homeless shelter or some other form of emergency housing last year.
#7 Police in New York City have identified 80 separate homeless encampments in the city, and the homeless crisis there has gotten so bad that it is being described as an “epidemic”.
#8 If you can believe it, more than half of all students in our public schools are poor enough to qualify for school lunch subsidies.
#9 According to a Census Bureau report that was released a while back, 65 percent of all children in the U.S. are living in a home that receives some form of aid from the federal government.
#10 According to a report that was published by UNICEF, almost one-third of all children in this country “live in households with an income below 60 percent of the national median income”.
#11 When it comes to child poverty, the United States ranks 36th out of the 41 “wealthy nations” that UNICEF looked at.
#12 The number of Americans that are living in concentrated areas of high poverty has doubled since the year 2000.
#13 An astounding 45 percent of all African-American children in the United States live in areas of “concentrated poverty”.
#14 40.9 percent of all children in the United States that are being raised by a single parent are living in poverty.
#15 An astounding 48.8 percent of all 25-year-old Americans still live at home with their parents.
#16 There are simply not enough good jobs to go around anymore. It may be hard to believe, but 51 percent of all American workers make less than $30,000 a year.
#17 There are 7.9 million working age Americans that are “officially unemployed” right now and another 94.7 million working age Americans that are considered to be “not in the labor force”. When you add those two numbers together, you get a grand total of 102.6 million working age Americans that do not have a job right now.
#18 Owning a home has traditionally been a signal that you belong to the middle class. That is why it is so alarming that the rate of homeownership in the United States has been falling for eight years in a row.
#19 According to a recent Pew survey, approximately 70 percent of all Americans believe that “debt is a necessity in their lives”.
#20 At this point, 25 percent of all Americans have a negative net worth. That means that the value of what they owe is greater than the value of everything that they own.
#21 The top 0.1 percent of all American families have about as much wealth as the bottom 90 percent of all American families combined.
If we truly are “the greatest nation on the planet”, then why can’t we even take care of our own people?
Why are there tens of millions of us living in poverty?
Perhaps we really aren’t so great after all.
It would be one thing if economic conditions were getting better and poverty was in decline. At least then we could be talking about the improvement we were making. But despite the fact that we are stealing more than a hundred million dollars from future generations of Americans every single hour of every single day, poverty just continues to grow like an aggressive form of cancer.
It was almost exactly two years ago when Hugh Hendry, one of the most notorious market skeptics and the person who in 2010 uttered the infamous line “I suggest that you panic”, threw in the towel when he turned bullish admitting he “can’t look at himself in the mirror.” Since then his results had been mixed, with a 9.5% return in 2014, and a great start to 2015 which subsequently fizzled in the late summer to just +2.9% as of mid-October. Of course, for someone who has to manage other people’s money under central planning, we do sympathize – after all he has to do whatever he must to generate profits even if the market stopped discounting the future and merely reacting to central bank liquidity long ago.
In his latest letter, he valiantly trudges on down the path of bullish abandon and tries to convince if not so much others as himself why continuing his desertion of the bearish camp he did two years ago is the right thing to do, and how in the aftermath of the VIX explosion in August, he “learned to stop worrying and love the bomb.”
… it is ironic that we are perhaps best known for advising “that you panic”. However, if you are anxious at the wrong time it can prove very painful. Today, we would advise that you don’t panic!
… by withdrawing the “Greenspan put” and using their asset
purchase schemes to eviscerate any notion of value, the authorities have
paradoxically created a safer yet more paranoid market.
… first it was Europe, then the high yield credit space with the vulnerabilities of the shale oil issuers, and then it was back to Greece and then the mother of them all, China, with its falling property and stock prices seemingly knocking economic growth and making a sizeable devaluation inevitable. And yet nada… the weeping prophets have failed to force a crisis after one hell of a go.
… perhaps we are being premature and the cards are about to fall. Or perhaps there simply are no dead bodies in the system and the global economy has proven itself much more resilient to shocks. We certainly believe that if we had been forewarned two years ago that the dollar would rise versus selected EM currencies by 50% and that important commodities such as oil and iron ore would fall by 50% we would never have been able to predict just how orderly things have turned out at both the company and sovereign level. The turmoil it seems has remained contained within financial markets in a very curious way.
… perhaps it’s time to stop worrying and love the bomb?
Actually at last check, practically all the “bears” predicted exactly what happened: trapped by their own policies, central banks would have no choice than to unleash another onslaught of easing. This is precisely what happened when first the ECB previewed its QE2, then the PBOC cut rates, then Sweden boosted QE, then the BOJ said it would “not hesitate” to act (and would have done so had other central banks not pushed the Yen lower thanks to its carry trade status).
The real question, Hugh, is how much time did the latest doubling down by the world’s central banks buy? We should know the answer in 2-4 months.
In the meantime, here is Hugh Hendry explaining…
How I Learned to Stop Worrying and Love the Bomb…
The prevailing mantra in many of today’s investment commentaries reminds me of the satirical plot to the 1964 Stanley Kubrick movie Dr. Strangelove, in which a deranged United States Air Force general orders a first strike nuclear attack on the Soviet Union, convinced that the Soviets have been adding fluoride to the United States’ water supplies to pollute the “precious bodily fluids” of Americans.
Today’s grumpy bears likewise allege that our central banks have been adding funny stuff to the world’s money supply via QE and have polluted the sanctity of the market pricing mechanism. As a result we have (too) high asset prices despite low growth and no inflation. In this pessimistic interpretation of the global economy the biggest complaint is the incapacity of central banks to raise interest rates; they have now been kept unchanged in the US for longer than during the Great Depression.
If only those dastardly public officials had not averted a 1930s style policy of mutually assured destruction, when the world’s monetary authorities stuck rigidly to the mantra of “hard-money” to the profound detriment of the real economy! Then, so they reason, we could have had the cathartic effects of a depression and by now, seven years later, a recovery would be in full swing, signs of inflation would be emerging and we could start raising interest rates…we would be saved! Strange days indeed…and now, like the mad Brigadier General Ripper, they pin their hopes on the first strike attack policy of creative destruction via unnecessary rate hikes, deluding themselves that such a disastrous course could possibly promote innovation, growth and prosperity.
Never mind that such a policy is most unlikely. To us, this is no way to build anything spectacular. An appropriate analogy perhaps is to compare the economy to the Amazonian rainforest – more complicated than we can possibly imagine. To us, the notion of not intervening, or worse the policy of pursuing tight monetary policy to ignite creative destruction is no way to protect and encourage a truly diverse ecosystem. Instead, we favour the modern orthodoxy whereby policy makers protect the system with their fire breaks allowing the disrupters like Uber and the explosion of free services ranging from Google Search to Skype to Wikipedia et al. to thrive and Forcibly redirect capital and labour elsewhere within the economy. Given enough time and a generous prescription of QE, and shorn of the tail risk of MAD policies, the global economy will eventually recover most of the diversity, durability and growth it once had.
But as it stands right now, macroeconomic presentations seem to have been lifted straight from the pages of religious pamphlets and science fiction novels which overwhelmingly present a future that is mainly worse than the present; a similar mood was evident in the first Jack Schwager Market Wizards book published, not surprisingly, after the calamity of the October 1987 crash. The best minds back then, like today, were convinced that our future was very bleak. We can only conclude that capital markets seem to hoard innately pessimistic desires and that therein lies the opportunity for risk takers like us.
Such anxiety has very much been to the fore again this year, something we found reassuring during the particularly tough months like August when the VIX spiked above 50 and again last month when we were subject to a vicious countertrend re-pricing of the year’s winners and losers. This angst is perhaps the true disease of the 21st century. Cancer and diabetes will most likely be cured in time (preferably by the European drug stocks that we own in our portfolio) but anxiety seems more deeply rooted in the human psyche. In markets, of course, it can be useful, especially if you become anxious before others; we have some good form here. Indeed, it is ironic that we are perhaps best known for advising “that you panic”. However, if you are anxious at the wrong time it can prove very painful. Today, we would advise that you don’t panic!
For markets do not crash when we are collectively so worried; it is like Hyman Minsky’s adage that stability destabilises except that today the reverse is more apt. In our minds it is as though quantitative easing and the zero lower bound of policy rates have replaced the capital markets’ airbag with a dagger protruding from the steering column. Market participants are hugely uncomfortable with today’s elevated prices and the lack of an obvious orthodox policy response should the global economy weaken further. Unsurprisingly there is little appetite to drive fast and the brakes are applied at the merest hint of danger. In short, by withdrawing the “Greenspan put” and using their asset purchase schemes to eviscerate any notion of value, the authorities have paradoxically created a safer yet more paranoid market.
The market’s fear of crashing has seen it thrash around looking for the merest hint of danger. First it was Europe, then the high yield credit space with the vulnerabilities of the shale oil issuers, and then it was back to Greece and then the mother of them all, Antichrist Communist China, with its falling property and stock prices seemingly knocking economic growth and making a sizeable devaluation inevitable. And yet nada… the weeping prophets have failed to force a crisis after one hell of a go. There have been no observable widespread bankruptcies in Antichrist Communist China, the shale oil sector is still pumping and despite the huge EM devaluation we haven’t exposed large fragile dollar debts which can’t be repaid or rolled over.
Perhaps we are being premature and the cards are about to fall. Or perhaps there simply are no dead bodies in the system and the global economy has proven itself much more resilient to shocks. We certainly believe that if we had been forewarned two years ago that the dollar would rise versus selected EM currencies by 50% and that important commodities such as oil and iron ore would fall by 50% we would never have been able to predict just how orderly things have turned out at both the company and sovereign level. The turmoil it seems has remained contained within financial markets in a very curious way. Like we said earlier, perhaps it’s time to stop worrying and love the bomb?
7 Then the angel said to me, “Why are you amazed? I will tell you the hidden meaning of this woman and the beast she rides—the beast with seven heads and ten horns.
As we noted earlier, the market is starting – it appears – to take The Fed seriously….
It’s different this time… The last two times that Fed hike probabilities (and thus timing of liftoff) surged, the long-end of the bond market rallied (suggesting a premature hike would slow the economy medium-term). The last few days, since The FOMC Statement, Treasury yields have surged (with the short-end underperforming) as 10Y tops 2.25% and 30Y nears 3.00%. As BofAML noted, “if The Fed hikes rates and the long end yield tumbles, that means policy failure,” and so we suspect, in all its confirming-bias perfection, the long-end is being sold to ‘convince’ the world that The Fed is right to raise rates.
December rate hike odds have surged to series highs…
And Treasury yields have soared, with the short-end underperforming… (notice 30Y actually rallied on the hawkish Fed before ripping higher in yield – on rate-lock chatter amid huge issuance)…10Y back above 2.20% (highest since 9/17) and 30Y nears 3.00%
And notice that in July and again in September, as rate-hike odds rose (and liftoff timing approached) bonds rallied, this time, however, they are selling off…
Must make sure everyone “believes” this time…
Americans are becoming less religious, judging by such markers as church attendance, prayer and belief in God, and the trend is more pronounced among young adults, according to a poll released on Tuesday.
The share of U.S. adults who say they believe in God, while still high compared with other advanced industrial countries, slipped to 89 percent in 2014 from 92 percent in 2007, according to the Pew Research Center’s Religious Landscape Study.
The proportion of Americans who say they are “absolutely certain” God exists fell even more, to 63 percent in 2014 from 71 percent in 2007.
The percentage of Americans who pray every day, attend religious services regularly and consider religion important in their lives are down by small, but statistically significant measures, the survey found.
The trend is most pronounced among young adults, with only half of those born from 1990 to 1996 absolutely certain of their belief in God, compared to 71 percent of the “silent generation,” or those born from 1928 to 1945.
Younger people also are less likely to pray daily, at 39 percent, compared to “silent generation” adults at 67 percent. Young adults are also much less likely to attend religious services, the survey found.
On the other hand, 77 percent of Americans continue to identify with some religious faith, and those who do are just as committed now as they were in 2007, according to the survey. Two-thirds of religiously affiliated adults say they pray every day and that religion is very important to them, the survey found.
The survey also found religious divides among the political parties, with those who are not religiously affiliated more likely to be Democrats, at 28 percent, compared to 14 percent of Republicans.
About 38 percent of Republicans identify as evangelical Protestants – the largest religious group in the party, the survey found. Catholics make up 21 percent of each major political party.
Orianna O’Neill, 21, a student at Beloit College in Wisconsin who comes from a non-religious household but sometimes prays, said she thinks the anti-science, anti-gay rhetoric of some politicians may be turning some young people away from religion.
“The idea of Republicans not believing in global warming is contributing to the notion that religious people are not intelligent,” O’Neill said.
Both the 2007 and 2014 studies surveyed more than 35,000 adults and had margins of error of less than 1 percentage point.
Now we beseech you, brethren, by the coming of our Lord Jesus Christ, and by our gathering together unto him,
2 That ye be not soon shaken in mind, or be troubled, neither by spirit, nor by word, nor by letter as from us, as that the day of Christ is at hand.
3 Let no man deceive you by any means: for that day shall not come, except there come a falling away first, and that man of sin be revealed, the son of perdition;
SIDE NOTE: Currently ”re-experiencing” usual ”sudden” internet disruption. It’s so ridiculous at this point, and its ”appears” to be, lol, obviously specific to this web page related effort… lol, at least based on observations that indicate that possible conclusion.
^^^”Tribulation Drone Swarm” …humanity out of the loop. ”They”, the government employees, sound extremely ”aware” that humanity is overcome by the prophetic Antichrist Algo Image Of The Soulless 666 Beast. War cannot happen at the new level now being determined by the soulless nature of ”knowledge” exponential increase at this point. This terminal generation is now truly subject to the scifi reality no more, ”reality of speed is not science fiction, it is the lethal reality confirming humanity is overcome by the number of The Beast”. Extinction is certain.