11815 Gleaning Madhouse Earth Demonstrative Submarine Nuclear Trident INTERCONTINENTAL Missile Launched By Antichrist NWO 666 Obozo The 911 Homosexual Climate Change No Boots Clown
A series of earthquakes has been recorded along the Indonesian island of Sumatra on November 8, 2015 prompting fears of possible tsunamis in the region. The strongest so far measured M6.4 on the Richter scale as registered by the USGS.
The first earthquake, measuring M4.5, was registered at 01:38 UTC at a depth of 25.3 km (15.7 miles). It was located about 238 km (148 miles) WNW of Sikabaluan, Indonesia.
The second, measuring M6.1 (USGS), hit at 09:34 UTC about 82 km (51 miles) SSW of Padangsidempuan at a depth of 75.1 km (46.6 miles). Based on earthquake information and historic tsunami records it was not sufficient to generate a tsunami, PTWC said.
Singapore’s National Environment Agency (NEA) has put the quake’s magnitude at 6.5, warning about possible tsunamis in the region.
Deadly Tropical Cyclone “Chapala” had just dissipated over Yemen when another tropical cyclone, soon to be named Megh, started forming in the warm waters of the Arabian Sea on November 4, 2015. Megh hit Socotra island around 06:00 UTC today and is expected to make another landfall in Yemen late November 10/early November 11.
At 15:00 UTC on November 5, Tropical Cyclone 05A (Megh) was located about 1 012 km (629 miles) east of Socotra island, Yemen. At the time, its maximum sustained winds were near 64.8 km/h (40 mph).
The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):
Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.
A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.
World’s Biggest Cashless Laboratory
While Sweden and Denmark may be the two nations that are closest to banning cash outright, the most important testing ground for cashless economics is half a world away, in sub-Saharan Africa.
In many African countries, going cashless is not merely a matter of basic convenience (as it is in Scandinavia); it is a matter of basic survival. Less than 30% of the population have bank accounts, and even fewer have credit cards. But almost everyone has a mobile phone. Now, thanks to the massive surge in uptake of mobile communications as well as the huge numbers of unbanked citizens, Africa has become the perfect place for the world’s biggest social experiment with cashless living.
Western NGOs and GOs (Government Organizations) are working hand-in-hand with banks, telecom companies and local authorities to replace cash with mobile money alternatives. The organizations involved include Citi Group, Mastercard, VISA, Vodafone, USAID, and the Bill and Melinda Gates Foundation.
In Kenya the funds transferred by the biggest mobile money operator, M-Pesa (a division of Vodafone), account for more than 25% of the country’s GDP. In Africa’s most populous nation, Nigeria, the government launched a Mastercard-branded biometric national ID card, which also doubles up as a payment card. The “service” provides Mastercard with direct access to over 170 million potential customers, not to mention all their personal and biometric data.
The company also recently won a government contract to design the Huduma Card, which will be used for paying State services. For Mastercard these partnerships with government are essential for achieving its lofty vision of creating a “world beyond cash.”
A New Frontier
In India an even more ambitious project is under way: the Unique Identification Authority of India (UIDAI), which aims to create a centralized voter enrolment system for 1.2 billion people. It will be the largest identity platform and biometric database in the world. There’s only one snag: according to its creators, the only way to make the system work effectively will be through the widespread adoption of electronic payment systems, side by side, as always, with biometric recognition systems.
Given that cash is still king on the subcontinent, the government may have its work cut out. Finance minister Arun Jaitley has repeatedly underscored the need to transform India into a cashless economy, supposedly to “rein in the problem of black money.” However, with its huge informal economy, India remains the largest producer and consumer of currency notes after Antichrist Communist China (as well as the biggest consumer of gold).
Here’s more from India’s Financial Express:
Currently less than 5% of all payments are done electronically. Results from the ICE 360 Cash Survey 2014 show that cash is the preferred mode of payment even in Delhi, the most affluent and developed metropolis. Nearly 73% of all purchases by Delhi consumers are paid for in cash and only 17% by card.
Naturally the Indian government will do all it can to change this situation. In an article in the Daily Mail Nandan Nilekani, one of the technocrats behind UIDAI, urges the government to lead the way. “The government must be the initial driver, using the heft and reach of its social security schemes to drive the adoption of an electronic payments model,” Nilekani asserts. “As momentum grows, private players can step in.”
Those private players will no doubt include banks. After all, in a world where every transaction – or at least every “official” transaction – must be electronic, the power of banks over individuals is likely to dramatically increase, as Brett Scott warns in an article for The Guardian:
With this comes the specter of bank surveillance, where every transaction you ever partake in is authorized and recorded by a privately run commercial bank, giving it a transaction-by-transaction history of your entire commercial life. If such a bank does not like an enterprise – such as Wikileaks – it can just freeze it out.
The New Cost of Doing Business
An oft-overlooked benefit of cash transactions is that there is no intermediary. One party pays the other party in mutually accepted currency and not a single middleman gets to wet his beak.
In a cashless society there will be nothing stopping banks or other financial mediators from taking a small piece of every single transaction. They would also be able to use – and potentially abuse – the massive deposits of data they collect on their customers’ payment behavior. This information is of huge interest and value to retail marketing departments, other financial institutions, insurance companies, governments, secret services, and a host of other organizations.
Another very important perk of cash is that it significantly limits central banks’ ability to continue conducting arguably the greatest financial heist of the modern age, i.e., negative interest rate policy (NIRP). The only way that central banks can maintain negative interest rates ad infinitum is by abolishing cash altogether, as the Bank of England chief economist Andrew Hadlaine all but admitted. As long as cash exists, there’s no way of preventing depositors from doing the logical thing – i.e. taking their money out of the bank and parking it where the erosive effects of NIRP can’t reach it.
So in order to save a financial system that is morally beyond the pale and stopped serving the basic needs of the real economy a long time ago, governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom in their increasingly controlled and surveyed lives.
The biggest tragedy of all is that the governments and banks’ strongest ally in their War on Cash is the general public itself. As long as people continue to abandon the use of cash, for the sake of a few minor gains in convenience, the war on cash is already won.
A war conducted by bankers, politicians, academics, even startup guys.
In a shocking admission for most of mainstream America, the former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion, thanks to unfunded liabilities which simply cannot be ignored. As The Hill reports, unless economic growth accelerates, he warns, “you’re not going to be able to provide the kind of social safety net that we need in this country,” adding unequivocially that Americans have “lost touch with reality” when it comes to spending.
As The Hill reports,
Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.
“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms,” Walker told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing Sunday.
The former comptroller general, who is in charge of ensuring federal spending is fiscally responsible, said a burgeoning national debt hampers the ability of government to carry out both domestic and foreign policy initiatives.
“If you don’t keep your economy strong, and that means to be able to generate more jobs and opportunities, you’re not going to be strong internationally with regard to foreign policy, you’re not going to be able to invest what you need to invest in national defense and homeland security, and ultimately you’re not going to be able to provide the kind of social safety net that we need in this country,” he said.
He said Americans have “lost touch with reality” when it comes to spending.
Walker called for Democrats and Republicans to put aside partisan politics to come together to fix the problem.
“You can be a Democrat, you can be a Republican, you can be unaffiliated, you can be whatever you want, but your duty of loyalty needs to be to country rather than to party, and we need to solve some of the large, known, and growing problems that we have,” he said.
Of course, that is to say nothing of the other unfunded liability – America’s Pension Ponzi, as we detailed previously…
Just how big of a problem is this you ask? Well, pretty big, according to Moody’s which, as we noted last month, contends that the largest 25 public pensions are underfunded by some $2 trillion.
It’s against that backdrop that we present the following graphic and color from Goldman which together demonstrate the amount by which state and local governments would need to raise contributions to “bring plans into balance over time.”
Unfunded pension liabilities have grown substantially. There are several factors behind this, led by lower than expected investment returns and insufficient contributions from state and local governments to the plans. The two issues are related. The assumed investment return is used as a discount rate to determine the present value of liabilities. The higher the discount rate, the lower the estimated liability, and the lower the periodic payment into the fund a state or local employer is expected to make. There is, of course, no clear answer about what the discount rate ought to be, though the fact that the average assumption used by private plans has continuously declined for more than a decade suggests that the rates have probably been too high and that the current average assumption of 7.7% may come down further.
Contributions have also generally been lower than necessary to stabilize or reduce unfunded liabilities because of the rules around how those unfunded liabilities are amortized. Payments into pension plans are generally meant to account for the future cost of benefits accrued during the current year, as well as catch-up payments equal to some fraction of the unfunded liability left from prior years. Many plans target payment amounts that would work off this underfunding over 30 years, though some use shorter periods. However, the amounts of these payments are often backloaded, with the result that even if the “required” payment is made in full the unfunded liability often grows.
A separate but related issue is that some states have simply declined to make even the “required” contribution, which is probably lower than it should be in any case due to the factors just noted. For example, over the last few years New Jersey has made on average only around 40% of the expected payment. New accounting rules promulgated by the Government Accounting Standards Board (GASB) will penalize underfunded plans with a lower discount rate, but the change is fairly minor and, in any case, affects only the accounting; it will not impose any new legal requirements to make the contributions.
If state and local governments are ultimately forced to devote more resources to these obligations, the effect on state and local spending would be noticeable. Exhibit 8 shows the states’ pension contributions, as a share of gross state product, with two potential additions. The first is the level that would be required to simply meet the “actuarially required contribution.” To bring the plans back into balance over time, further contributions would be necessary. In aggregate this would raise government pension contributions by something like $100bn per year (0.6% of GDP), lowering spending in other areas (or raising taxes) by a similar amount. In theory, OPEB costs could push this adjustment a bit higher.
The financial system of the world has been turned into a doomsday machine by central bankers stranded in an intellectual puzzle palace. That is, they are marching financial markets straight into another giant bubble implosion owing to their embrace of a fundamental error about why there is an apparent lack of consumer inflation in the official indices.
For example, the chief economist of the IMF, Maurice Obstfeld, recently trotted out the chart below to prove that “lowflation” is a deadly threat everywhere on the planet to growth, jobs, living standards, public finances, and even capitalist viability.
The ill of lowflation can only be remedied, he averred, by resort to “out of the box” central bank expedients designed to compensate for the purported drastic shortfall of that Keynesian ether called “aggregate demand”.
What he had in mind, of course, was negative interest rates and further massive monetization of the public debt and other existing assets in the name of QE.
Mr. Obstfeld is talking central banker jabberwocky. The above graph is actually welcome evidence that wage workers and other middle class households are finally getting some respite from the relentless upward creep of consumer prices.
Moreover, the above graph represents no problem whatsoever because better retention of the purchasing power of wages and salaries is surely not something that needs fixing. And most especially not by the very same central bankers whose misguided policies gave rise to the deflationary tides now gathering in the world economy.
In a nearby post today, Pater Tenebrarum called out exactly what these “moar inflation” seeking central bankers are really up to:
What are the basic requirements for becoming the chief economist of the IMF? Judging from what we have seen so far, the person concerned has to be a died-in-the-wool statist and fully agree with the (neo-) Keynesian faith, i.e., he or she has to support more of the same hoary inflationism that has never worked in recorded history anywhere. In other words, to qualify for that fat 100% tax-free salary (ironically paid for by assorted tax serfs), one has to be in favor of central economic planning and support policies fully in line with today’s economically illiterate orthodoxy. Meet Maurice Obstfeld, who has just taken the mantle.
So trapped in their illiterate orthodoxy, Obstfeld, Kuroda, Yellen, Draghi and the rest the central bankers cartel resort to desperate monetary expedients that would have been considered crackpot economics even 15 years ago. The idea of ZIRP for 82 months running would have been considered borderline lunacy; the notion that the collective central bank balance sheets of the world could explode by 10X in two decades would have been viewed as incendiary radicalism.
But it is exactly these crackpot doctrines which have now become embedded in a relentlessly tedious central banker groupthink. Indeed, the core notion of “lowflation” and deficient “aggregate demand” is so superficial, contradictory and refutable that it amounts to little more than jabberwocky.
The fact is, the massive growth of central bank balance sheets since 1994 is the driving force that fueled, shaped and deformed today’s global economy and financial system. The chart below is utterly new under the sun and thereby nullifies the relevance of pre-1995 history and contradicts all of its rules and patterns:
When the central banks created $19 trillion of new balance sheet out of thin air they fueled a worldwide credit bubble of epic proportions. After two decades of maniacal central bank money printing, the world’s credit outstanding has grown from $40 trillion to $225 trillion or nearly 4X more than the interim expansion of global GDP.
And even that latter figure is exaggerated because it includes massive amounts of malinvestment and economic waste that will eventually be written off and abandoned; it does not comprise a permanent component of the world’s productive economy.
This massive expansion of cheap debt, in turn, fueled a runaway capital investment boom that has left the global economy drowning in excess capacity and malinvestment. This occurred in the form of a central bank enabled doubly whammy over the last two decades.
First, excess DM world household demand lead to an investment boom in China and its EM supply base prior to the 2008 “peak debt” crisis; and then the post-crisis infrastructure and investment binge staged by the red suzerains of Beijing fueled a second wave of capital spending for energy, metals, processing plants, shipping, warehousing, manufacturing and consumer product distribution that dwarfed all prior history.
As shown below, the publicly listed companies of the world actually increased CapEx by 5X or upwards of $2 trillion annually during the run-up to peak capital spending in 2012-2013:
The official inflation indices, therefore, are tepid because prices of commodities and goods are being crushed by excess supply. That’s why oil prices have plunged into the $40s and why iron ore is heading into the $30s (per ton) and copper back toward one dollar (per pound).
Moreover, the excess capacity is by no means limited to the mining sector and oil patch. Its rippling downstream at a ferocious pace. This week, for instance, we posted a piece on Alcoa’s intention to shutdown most of its US aluminum smelter capacity and the likelihood that in a few years the entire US industry will disappear.
Needless to say, that’s not owing to a labor arbitrage because today’s high tech, capital intensive power-guzzling aluminum smelters are not about underpaid peasant girls living a dozen to a dorm room; they are about return on capital, which has been driven to nearly zero by the Antichrist Communist China’s insane rates of cheap credit fueled investment over the past two decades.
The same is true for steel and all its downstream customers. In 1995 Antichrist Communist China had 70 million tons of steel capacity and no modern auto plants. In the interim, its steel production capacity grew by 16X to 1.1 billion tons and auto industry capacity to 26 million units or well more than either North America or Europe. The excess supply from these malinvestments will be deflating world prices for years to come.
And the same is true of containerships, bulk carriers, refineries, chemical plants, solar power, heavy machinery and much more.
The collateral effect will be collapsing profits, asset write-offs and a long spell of weak capital spending. Indeed, the developing depression in commodities and capital spending is what is driving the global deflationary cycle, and the collapse of profits and incomes in the impacted sectors.
Stated differently, the credit fueled commodity and CapEx boom of 1995-2014 did not generate a miracle of global growth and prosperity as the Wall Street Keynesians would have you believe; it simply stole demand from the future and wasted massive amounts of real labor, capital and energy resources in the process.
Accordingly, the world does not suffer from a lack of “aggregate demand”. Sustainable demand everywhere and always is derived from production and income, and the latter are now falling due to the wasteful capacity excesses overhanging the global economy.
And there is no short-cut way out via credit based spending. That’s because the world is now saturated with “peak debt” in the household and business sector, as well as the official institutions of the state. More central bank enabled credit will only fuel speculation in financial assets.
By the same token, the “lowflation” story is just self-evident drivel. On a worldwide basis, the price of commodities are falling due to excess supply. Likewise, prices of goods are being flattened by cheaper raw materials and the excess supply of labor that was drafted into the world’s tradeable goods economy from the rice paddies of Asia during the credit and CapEx boom of the last two decades.
By contrast, domestic services prices have continued to inflate at a 2.4% annual rate since commodity and goods prices began to peak in 2011. In fact, the roll-over of the green line (all commodities) and the red line (finished goods) is the cause of “lowflation” in the aggregate consumer price index. Only the central banker PhDs lost in a self-serving groupthink of jabberwocky can’t see the implications of the graph below.
In a word, the graph says to the central bankers: You are out of business!
The developing deflationary cycle stunting the world economy has arisen from the monumental harm that central bankers have already done, not from lack of sufficient vigor and boldness in attempting to contravene its consequences.
^^^”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.
The official explanation is a lie
The “official” explanation of this event — and remember that “official” explanations are almost always cover stories — is that the U.S. Navy launched a test missile just because they “routinely” test missiles.
“Media in California confirmed that the light came from an unarmed Trident missile fired from the USS Kentucky navy submarine,” reports the BBC. While they call the missile “unarmed,” they fail to mention that the Trident missile normally carries a thermonuclear warhead. There’s also no way for the media to know whether this missile was really unarmed or not, as the sole source on that question is the U.S. Navy itself.
Apparently the media thinks the public is so incredibly stupid that they’ll believe the U.S. Navy has nowhere else to launch a test missile other than right next to Los Angeles. Somehow we’re supposed to believe the entire Pacific Ocean won’t work for such a test launch, so they have to launch it adjacent to the airport and thereby inconvenience commercial aviation traffic for an entire week.
Obviously, the official cover story is pure bunk. So what’s the real story behind this? It all has to do with Antichrist Communist China and the covert war that’s already underway between Antichrist Communist China, the US and Russia.
The Trident missile launch near Los Angeles was a warning shot against China in a last-ditch effort to prevent all-out war
The upshot of all this is that the U.S. and Antichrist Communist China have been engaged in a covert war for quite some time, and that covert war has escalated month by month, even as the official state-run news organizations of both nations have denied any war is happening at all.
Last night’s test launch of the Trident missile over Orange County was staged near a high population area for a tactical reason: To have as many witnesses (and videos) as possible, sending a very visible warning message to Antichrist Communist China that says, “We can destroy you if you don’t back off.”
The Trident missile, built by Lockheed Martin, is a thermonuclear missile system (Fleet Ballistic Missile) with a range of at least 4,000 nautical miles. See the Trident missile page on the U.S. Navy website. Just one Trident missile launched from somewhere in the Pacific Ocean could devastate Antichrist Communist China with a nuclear strike on Beijing.
The U.S. Navy’s “showcasing” of the Trident missile near Los Angeles is a $31 million billboard that tells Antichrist Communist China, “Don’t f–k with us.”
Nobody in the mainstream media is report this; probably because, with a few exceptions, they are mostly clueless, brain-dead propagandists who know nothing about international geopolitics and the real state of conflict in our world. Also, they are ordered what to write by the U.S. government regime in exactly the same way Antichrist Communist China’s “journalists” are ordered what to write by the Antichrist Communist Chinese regime.
Right now, the United States and Antichrist Communist China are in an undeclared state of war. Antichrist Communist China stands ready to strike the USA with nuclear warheads or high altitude EMP weapons that would destroy the U.S. power grid and cause 90% casualties across the unprepared population. Legendary (LMAO) American journalist Ted Koppel (a sold out plant) has even written a book about this entitled Lights Out: A Cyberattack, A Nation Unprepared, Surviving the Aftermath.
Antichrist Communist China and Russia preparing massive first strike against America
Many people believe that Antichrist Communist China and Russia are working together to prepare for a massive first strike against the United States that would cripple its defenses and economy. Following that first strike, a land invasion would commence using Russian troops.
Supporting this theory, Russian submarines have been spotted near undersea internet cables in an obvious effort to document their whereabouts so that the cables can be instantly severed, unleashing a devastating blow to the U.S. economy, Wall Street and even military communications. “Russian submarines and spy ships are aggressively operating near the vital undersea cables that carry almost all global Internet communications, raising concerns among some American military and intelligence officials that the Russians might be planning to attack those lines in times of conflict,” reports WND.com. ” In times of tension or conflict, the ultimate Russian hack on the United States could involve severing the fiber-optic cables at some of their hardest-to-access locations to halt the instant communications on which the West’s governments, economies and citizens have grown dependent.”
At the same time a new Russian “drone sub” has been created that can strike U.S. coastal cities and harbors with nuclear weapons. Writing on NationalSecurity.news, Jon Dougherty states, “According to officials, the developmental unmanned underwater vehicle, or UUV, when it is deployed, will be outfitted with megaton-class nuclear warheads that can destroy key ports used by U.S. nuclear-armed and powered submarines like Kings Bay, Georgia, and Puget Sound in Washington state.”
The ultimate pre-emptive strike on America: EMP attack, cyber attack, currency wars and bandwidth blackouts
If you put the pieces of the puzzle together, what’s really shaping up here is a massive, multi-layered pre-emptive strike against America, an empire seen by the rest of the world as an insane bully that meddles with everything on the international stage. This first strike, combining the forces and expertise of both Antichrist Communist China and Russia, may consist of:
• High-altitude EMP detonation over North America, destroying regional power grids.
• A devastating currency war initiated by Antichrist Communist China announcing its own gold-backed currency while dumping U.S. Treasury debt on the open market.
• A Russian-led severing of undersea fiber optic cables.
• Russian-launched nuclear missiles targeting U.S. coastal cities.
• Antichrist Communist China-led assault on U.S. Navy warships using anti-ship ballistic missiles (ASBMs).
• A cyber warfare attack on key U.S. infrastructure, including water delivery systems, nuclear power plants and the power grid.
As all this is going on, the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Clown administration — a treasonous regime of criminals who have seized control of the U.S. government in an effort to destroy America from within — has been firing all the top military commanders who know how to survive such an assault. Instead of America’s military focusing on how to win wars, troops are now subjected to sensitivity training and the politically correct push for female troops on the front lines.
This is not fiction. Even the U.S. White House is now openly preparing for a massive EMP attack launched by Antichrist Communist China.
Dave Hodges also reports in this article about World War III:
Congress has now heard testimony that the United States is not ready for World War III while Russia is chomping at the bit to “get it on”. Further Congress has learned that Obozo has been once again been badly outmaneuvered by Putz Putin, the master chess player… the Antichrist Communist Chinese and the Russians are going to kick America’s rear end in the upcoming war.
Very disturbingly, there is a growing awareness, among Congress, that the United States cannot win World War III. There was only discussion, in these congressional meetings, as to whether, or not, the U.S. could prevail in World War III, not win the conflict.
To stay up to speed on all these events and how you might survive them, I strongly urge you to pay attention to the following websites:
TalkNetwork.com – the new talk radio network where I will be discussing this Trident missile launch during tomorrow’s show. It airs at 11am Pacific / 2pm Eastern.
Listen to my 4-part broadcast series on this entire story:
Earlier today, we reported that just after 9pm local time on Saturday evening, a dramatic white light lit up not only all of California, but stretches of Arizona and Nevada, in what was subsequently revealed to be an unannounced launch of a Trident II (D5) missile from the Kentucky, an Ohio-class ballistic missile submarine situated off Point Mugu. But while the entire internet was throttled under the weight of millions of snapshots and short underexposed clips of the missile flight being uploaded to YouTube, Facebook and Twitter, one person captured the whole event in its dramatic entirety on time-lapse photography.
That person was Justin Majeczky, who was conducting time-lapse photography above the Golden Gate bridge, when he noticed an unexpected object in his viewfinder: an ICBM.
The result, first noted by Foxtrot Alpha, is 3 minutes of breathtaking imagery that not only catches the missile emerging from the horzion following its submarine launch, but disappearing far off into the sky on its long voyage to the Marshall Islands.
Sacramento’s Utility Director, Bill Busath, told ABC10 the entire issue had to do with saving money: “There was an expectation that we would be able to save quite a bit of money.”
Bob Bowcock grew up working in the water treatment industry. His description, as reported by ABC10, is telling:
“This community was basically looked at as a laboratory guinea pig, in that they were exposed to violation level trihalomethanes for up to one year without any proper notification whatsoever […] Every corner you turn, on this particular project, it’s red flag, red flag, red flag. It’s like peeling back an onion. There is just another layer. The closer you get to the center, the stronger the smell.”
According to an ABC10 news report:
“Pregnant women and unborn babies, Bowcock said, are especially vulnerable to DBPs. In first trimester pregnancies, there’s a significant rise in miscarriages, and in third trimester there’s evidence of low birth weight,” he said, describing how the DBP-tainted water is even more dangerous when its mists are breathed in while showering or washing dishes.”
This isn’t the only water contamination that affects greater Sacramento — Northside residents need to be aware that McClellan Air Force Base is rumored to be the source of contaminated water, as a “chromium plume” of groundwater contamination radiates from out from the base.
Our water, in other words, is polluted with cancer-causing chromium-6.
According to a June article from the Sacramento Bee:
“Water from six of 11 wells in the Rio Linda-Elverta district tested above the state’s maximum contaminant levels for chromium-6 […] Wells closest to the former McClellan Air Force Base have the highest levels of hexavalent chromium, or chromium-6, a known carcinogen […] Exposure to chromium-6 can lead to skin irritation, occupational asthma, and kidney and liver damage, according to the National Institute for Occupational Safety and Health.”
A woman from North Sacramento lamented: “I know [the water] gave me cancer.”
Rio Linda resident, Anna Marie Tomlinson, hasn’t touched her tap water in years — because she was the fourth person on her block to get cancer. “I drank it every day,” she said.
How do we allow officials to blindly add chemicals to our water supply? Unfortunately, most of us probably weren’t even aware the first chemical, ALUM, had been added to our drinking water — much less the insane chemical soup that resulted as a byproduct of this reckless experiment.
^^^and if the reporter wasn’t a media whore everyone would already be in jail. The reality of the political slush in this case was not even mentioned. Chemical byproduct waste, like the fluoride put in municipal water, is just an added evil Supreme Court Citizen’s United Algo Voice Image Of The Antichrist NWO 666 Beast ”Bonus” that keeps the ritual human sacrifice slush flowing, from water pipes to ObozoCare and a Central Banker Borderless Too Big To Jail Global Cashless Crime Wave. Next thing you know nuclear plants will be built on earthquake (credit de-) fault-lines and Fukushima Fish will burn a hole through your plate before it reaches your dumb dusty sheepshit Laodicean ass. Oh, um, oops ”we’re gonna try not to tell you our global climate change agenda is based on green nuclear power”. Yeah, ”green because ”it glows”, like some pedophile Petrus Romanus Pope Dope that should be hung by their own insider rope.
The reality of evil and the Antichrist spirit is right in front of everyone. ”They”, the hosts of deadly contempt”, AKA the spirit of Antichrist, can’t hide from public view at this point. The reality is that the public cognitive dissonance combined with willful ignorance is the current lukewarm reality of this lost terminal generation. The prophetic reality that is about to pour out in fullness upon this generation shall consume humanity utterly, as it is written.
We’ve gone out of our way over the last year to explain that whatever monthly flow was lost to the taper was promptly recouped by corporate management teams via an endless stream of ZIRP-induced buybacks.
Put simply, thanks to the now ubiquitous global hunt for yield, anything that even looks like a creditworthy company can borrow for nothing and then promptly funnel the proceeds into EPS-inflating buybacks. That’s great from a myopic, “let’s worry about this quarter first and longevity later” perspective, but in the long-run, it can’t possibly work as all you’re doing is leveraging the balance sheet to explain away a poor top line.
Indeed, this has become a hot-button issue on the campaign trail as Hillary Clinton, at the likely behest of Cheryl Mills, is out to attack the “tryanny of the next earnings report.”
Still, “investors” are stupid (sorry, the filter is off tonight) and algos just scan headlines, so as long as the bottom line looks good, the equity continues to rise. But with Eccles QE gone (for now anyway) and with the cost of capital expected to rise in December (hold your breath), the question is this: what happens to quarterly earnings once the buyback bonanza beat is history?
Citi is now out questioning just how long PMs are going to entertain the proliferation of financial engineering now that i) we’re in a revenue recession, and ii) coporate leverage is sitting at record highs.
Corporate leverage continues to push higher. In Figure 3 we present the debt-to- EBITDA ratio for the average non-fin in the IG and HY markets. We see that in IG leverage rose from 1.8x to 2.1x over the past twelve months, and in HY it rose from 4x to 4.4x (Figure 3). Note that in both markets, at current levels gross leverage for our sample set is well north of the ‘09 highs. Unfortunately, we see little chance that it will decline in the near-term, or even stabilize for that matter, as the earnings backdrop appears to be too soft.
Until recently, rising corporate leverage was primarily the result of companies desire to bolster shareholder value at the expense of bondholders — issue bonds and buy stock or issue bonds and buy a company. But in recent quarters declining earnings have been an important reason for the upward trend.
The 3-fold increase in share buybacks in the past five years has been the key driver of corporate re-leveraging (Figure 5). In large part, buybacks have been the result of strong incentives provided to corporate managers by activists in particular and equity investors in general.
But there are signs that this may be changing. Recent conversations that we’ve had with equity PMs suggest that they have become far more focused on revenue growth, and are placing far less of a premium on any financially engineered EPS growth.
Why might equity investors be less impressed with financially engineered growth now than they were a short while ago? One of the key reasons may simply be because default risk has risen, and historically when default risk rises buybacks tend to fall.
This relationship exists in part because equity holders have a claim on future cash flows. While buybacks increase that cash flow stream itself (per share), they also lower the probability of equity holders actually receiving that cash flow stream. After all, should a company default equity holders may very well end up with no claim at all.
Figure 5 highlights the relationship between buybacks and the default rate over time at the macro level, and in Figure 6 we show the debt outstanding and share price relationship for a specific issuer (DAL). Note that we can find any number of examples where more debt equates to a lower share price rather than a higher one.
Given that we are clearly moving into a higher default environment we believe that equity investors may be inclined not to reward stocks that have large buyback programs. And if this is the case, corporate managers will have a diminished incentive to borrow money to finance buybacks.
Got it. So what Citi is saying is that now that corporate leverage is at record levels, the game is officially up and once the defaults start and the cost of capital begins to rise, no sane equity investors (of course nowadays the idea of a “sane” or even a “human” equity investor is an oxymoron) will ever buy into the story nor even think about throwing money at a secondary.
Needless to say, that’s bad news for corporates that have to this point relied on ZIRP to stay afloat and it’s also bad news for anyone betting on fresh highs on the S&P. This will only get worse as pressure from Presidential candidates overwhelms the whims of the 2 and 20 crowd when it comes to dictating how corporate management teams finagle the bottom line and so, if Citi is correct, expect PM’s to be less impressed with EPS “beats” going forward which means either Janet Yellen will need to step back in to provide the bulge bracket with the monthly dry powder they need to fire up the prop desks, or else it may be time to take profits.
And when he had opened the seventh seal, there was silence in heaven about the space of half an hour.
2 And I saw the seven angels which stood before God; and to them were given seven trumpets.
3 And another angel came and stood at the altar, having a golden censer; and there was given unto him much incense, that he should offer it with the prayers of all saints upon the golden altar which was before the throne.
4 And the smoke of the incense, which came with the prayers of the saints, ascended up before God out of the angel’s hand.
5 And the angel took the censer, and filled it with fire of the altar, and cast it into the earth: and there were voices, and thunderings, and lightnings, and an earthquake.
6 And the seven angels which had the seven trumpets prepared themselves to sound.
An avaricious man might be tempted to betray the interests of the state to the acquisition of wealth. An ambitious man might make his own aggrandizement, by the aid of a foreign power, the price of his treachery to his constituents. The history of human conduct does not warrant that exalted opinion of human virtue which would make it wise in a nation to commit interests of so delicate and momentous a kind, as those which concern its intercourse with the rest of the world, to the sole disposal of a magistrate created and circumstanced as would be a President of the United States.”
^^^From Wilson’s Fed Beast to Obozo, the American Presidents have all betrayed and broken the trust of the people. Obozo is a traitor of the worst order, and everyday above ground for the bastard is another day closer to the prophetic confirmation of the tribulation era commencement with the ”still extremely” likelihood of this clown at the American helm. From the prophecy of the last Pope, to the blatant occult masonic dark sentences uttered under Blood Moons; as comets erupted and asteroids flew by during the 2011-2112 Fukushima dark rift crossroad quake zero interest 100% debt to GDP global economic tsunami debt ceiling D.C. shutdown of the 666 Obelisk, all indications of this evil asshole, who stood on ”The Seat Of Satan” and accepted his Antichrist pro two state Israeli final solution party nomination, which lead to his Bible-less second swearing in below ground in the White House basement in front of a portrait of the masonic grand architect Benjamin La Trobe etc… etc… etc…, this Sirius fool has proven to be a continuous habitual liar. The fact that the so called press continues to allow such an obvious plant of the Antichrist power to remain unchallenged still confirms the true reality of deep capture of prophetic biblical proportion.
Having observed this government from the extreme proximity of the Capitol, witnessing the devolving reality from within the Executive and Legislative houses, be assured, as a witness, confirmation of deep capture at the spiritual level is certain. There isn’t any possible solution that shall restore order at this point. What is written shall play out to the end when Christ returns.
Stand fast and do no harm. There isn’t anything to be done. Your mission is to proclaim salvation in the name of our Father in Christ. There is absolutely no call to take up the arm of man to resolve anything anymore. Those days are finished. America is lost and that is nothing more than the prophetic contemporary reality of the entire global condition of all nations and Israel. All humans can do now is comfort those suffering before them physically and with the Holy Spirit upon their tongue(s).
…it’s about to become much worse for everyone, and all humanity would be lucky if by a miracle this generation was blessed to avoid the end that is certain and now so obvious upon this terminal generation. That could only happen to be the case as a result of too much foresight derived from prophetic revelation giving vision to the inevitable in advance of confirming events. Lol, such awareness provides nothing more than a perceived delay and relief to the blind hellhound evil bastards that mock fair warning offered by the watchful unknown anointed Saints in agreement among the nations and Israel. The voice(s) crying in the wilderness are certainly exposing the wicked cartographer(s) that (is) have measured and mapped out the global borderless agenda humanity is suffering. We are experiencing the reality of knowing Christ is risen, and the full exposure of the wicked is at hand. The power of revelation rests with the last harvest now risen in the field. How ripe is it truly at this point? Lol, just look at what is sitting in the White House in 2017, and then recall the condition of the market in 2009. Does it really matter what human host the Antichrist spirit is dwelling in within any Executive Office on Earth at this point? Lol, no, but a third term would certainly confirm all Hell has broken loose and the world is in deep capture without hope for recovery. Doubt will be a word uttered by sealed morons that have accepted the prophetic last temptation offer the Antichrist, which has always been ”Convert or die”.
P.S. You don’t really think it was an accident that lead to Obozo being sworn in without a Bible in FDR’s ”War Room” do you? Lol, …how many terms did the ”World War 2” mason, who put the pyramid on the dollar behind the image of the curious Sirius George Washington Apotheosis President Image of a man, his name represented by the 6666 inch tall 666 inch base circle number of a man.
…come on, the ”Seat Of Satan” with MoHAMmad’s ”Thunder” behind the Antichrist bastard, followed by his ”open for business” dark sentence ”over my shoulder, through the White House window” and after the Kennedy Supreme Court ruled Obozo declared ”justice has arrived like a thunderbolt” in his homosexual image? Lol, and he isn’t kidding is he? LMAO.
…liars, like this evil fool, Obozo, really mean(s) just the opposite of what they say. He claims to be a Christian, that is a lie. He said ”God’ was in the mix” and then got caught confirming that was a lie after he took God out of marriage and replaced God with his Antichrist homosexual image. The lair is going straight to Hell, and the fact that somebody like this was given access to the nuclear trigger and still remains able to wield power, lol, …beyond troubling.
HE JUST FIRED A NUCLEAR MISSILE FROM A SUB!