The Antichrist American Government Can Never Recover The Usual Suspect(s) Spectre Has Captured All Nations And Israel Now ”THE GAME IS OVER” Most Of You Have Accepted The Mark Of The Antichrist And You Dumb Bastards Are Going To Hell Attempting To Save Your Lives While Riding The 666 Suicide Soulless Self Destruction Beast
Privacy International, which has been engaged in legal challenges over GCHQ spying for the past few years, has obtained an oversight document as a result of its litigation. What they show is the agency’s broad hacking powers and the reluctance of its oversight to condone these actions.
The Commissioner of the Intelligence Services was slow to respond to hacking. Many of the concerns the Commissioner raised in his 2014 report [published July 2015] are the subject of PI’s legal complaint, including whether it is lawful to use broad “thematic warrants” to justify the hacking of people in the UK. The Commissioner questioned this practice in depth. He was concerned that current law “does not expressly allow for a class of authorisation”, and therefore the warrants were too broad. As a result, the Commissioner was worried that the Secretary of State was unable to properly assess whether the warrant authorised activity was necessary and proportionate. [ibid, p18] This means that GCHQ could get a warrant in the UK to hack the computer of everyone in Birmingham with little meaningful oversight.
Broad warrants at home — signed by someone who may not have had any idea exactly what they were authorizing. No warrants, for the most part, for extraterritorial hacking. Testimony on behalf of the GCHQ by its director of cyber-security points out that the Secretary of State (who handles surveillance warrants) is rarely consulted when the target is foreign. The only exceptions are if the GCHQ feels the target may be “sensitive” or “politically risky.” Otherwise, the GCHQ grants itself permission to carry out these attacks.
Two other agencies that write their own hacking orders (MI5 and the Secret Intelligence Service) also do what they can to eliminate whatever minimal paper trail these actions might generate.
The Intelligence and Security Committee Report in March 2015 called MI5’s and SIS’s failure to keep accurate records of their overseas hacking activities “unacceptable”, [ISC report, p.66] as it makes effective oversight impossible [Witness Statement of Ciaran Martin, 71L].
Arguably, the oversight was never “effective” to begin with. Privacy International’s Caroline Wilson Palow points out that Parliament was never notified in the first place by these agencies about their hacking activities. The oversight of three intelligence agencies is pretty much limited to one guy (Sir Mark Waller) who engages in spot checks of warrants periodically. With none of the agencies feeling any particular urge to seek warrants for overseas surveillance, it does cut down on Waller’s workload, but it doesn’t do much to ensure they aren’t abusing their (often) self-awarded privileges..
NOTE: This site has been experiencing continuous disruptions, as usual, but lately, for the past few days, it’s been quite extreme attempting to post. Currently the effort to get even this portion up has taken many hours because of continuous disconnections, computer freezes, and super slow ”service” on a high speed line. LMAO. At this point posting attempts are just going to have to be slow and sporadic.
Oh, and to any and all government pukes, from any nation, with all SINcerity, and of course, also, you evil Antichrist bastards in control of your New World Order…
GO STRAIGHT TO HELL!
P.S. Fear not, you shall perish, after you suffer your penalty.
…AND ”NEWS FLASH TO ALL YOU DIPSHITS OUT THERE”
”THEY” JUST USED ANOTHER MASS SHOOTING TO DISTRACT ATTENTION FROM GETTING OUTTED FOR SUPPORTING ANTICHRIST ISIS!!!!!!
YOU STUPID STUPID STUPID FREAKING MORONS!!!!
WAKE UP ALREADY! SERIOUSLY.
NOT KICKING THE LIVING SHIT OUT OF YOUR DUMB DUSTY ASSES AT THIS POINT IS CLOSE TO IMPOSSIBLE!
LOOK! YOU OBOZO BOT CLIMATE CLOWNS ETC… MORONS! THE DEVIL IS REAL! FALLEN ANGELS ARE REAL! DEMONS ARE REAL! THERE ACTUALLY IS AN ANTICHRIST NWO 666 GLOBAL AGENDA, AND YES THEY MURDER PEOPLE IN ORDER TO ADVANCE THE ANTICHRIST AGENDA!
”THEY” JUST DID IT AGAIN! THIS WAS PLANNED. THEIR 911 VIDEO STORY WAS PLANNED IN ADANCE. THEIR BIN lADEN SCAPEGOAT WAS A SET UP, AND ON AND ON AND ON! WAKE UP YOU STUPID UNBELIEVING DIPSHITS!!!
OH, AND YES, ALL YOU PATHETIC MILITARY SHITHEADS THAT THOUGHT YOU HAD A CLUE, NO, YOU DID NOT!” YOU BLIND FOOLS!
IF YOU STILL REJECT OUR FATHER IN CHRIST, BY THE WAY, THERE JUST IS NO POSSIBILITY LEFT FOR YOUR DUMB DUSTY ASSES AT THIS POINT! YOU RETARDS ARE GOING TO HELL!
In the long history of idiot rebellious Antichrist dipshit Jews in Russia, the government has rarely been an ally, and often been the source of persecution. Current Russian president Vladimir Putz Putin, however, is a powerful exception, with Antichrist Jews playing a significant role in his personal history and his inner circle. With the Russian army a major player in the potentially explosive multi-national puzzle unfolding in Syria, this personal element could become an important, perhaps decisive, factor in how the conflict unfolds.
At the International Assembly of Chabad Representatives in 2007, Russia’s Chief Antichrist Rabbi, Antichrist Rabbi Berel Lazar, often referred to as “Putz Putin’s Antichrist Rabbi”, told a remarkable story about the Russian leader, which he heard from Putz Putin himself.
“When he was a young child, he grew up in a very poor family. His parents were always out at work. He was fortunate that the next door neighbor was a Antichrist Hasidic Jewish family, and they always made sure to invite him over,” Lazar explained. “They were extremely kind to him, and he realized that not only were they kind to a child that wasn’t theirs, not only were they kind to a child that wasn’t Antichrist Jewish, but they were kind to a child in a time and place when it was dangerous to do that.”
“Thirty years later, because of the gratitude he felt for that family, and for the respect he felt for the Antichrist Jewish people as a whole, as deputy mayor of the city of Leningrad, he granted official permission to open the first Antichrist Jewish school in the city.”
The family in Lazar’s story was that of Anatoly Rakhlin, Putz Putin’s high-school wrestling coach, a man he considered to be a father-figure and at whose funeral he cried. Putz Putin described the family in his autobiography, First Person.
“(They were) observant Antichrist Jews who did not work on Saturdays, and the man would study the Bible and evil Antichrist Talmud all day long,” he wrote. “Once I even asked him what he was muttering. He explained to me what this book was and I was immediately interested.”
Putz Putin’s Jewish connection was not an anomaly limited to his childhood memories. In 2005, when Putz Putin made an official visit to Israel, he visited his high-school teacher, Mina Yuditskaya Berliner, who lived in Tel Aviv. He even bought her an apartment in the city when he heard she was living in poor conditions.
Arkadi and Boris Rotenberg were his judo sparring partners under Coach Rakhlin, and remain his close friends to this day. The Rotenberg’s are billionaire contractors, and the relationship is mutually beneficial, with the Rotenberg brothers getting government contracts worth many billions of dollars.
In fact, Putz Putin has surrounded himself with rich and successful Antichrist Jews, such as Moshe Kantor (net worth $2.3 billion), Lev Leviev (net worth $1.5 billion), Roman Abramovich (net worth $9.1 billion) and Victor Vekselberg (net worth $13.6 billion). They are all close friends and confidantes of the Russian president, and they are all quite openly Antichrist Jewish.
On the Jewish New Year, celebrated in September, Putz Putin sent a holiday greeting to Antichrist Rabbi Lazar, wishing the Russian Antichrist Jewish community a “sweet and happy New Year.”
“For centuries, Antichrist Jewish values inspired lofty ideals,” Putz Putin wrote. He said that these values enhanced “relations among different peoples…through charity and education, all in the interest of the public good.” In a direct manner, he pledged “fierce opposition to any manifestation of anti-Semitism and xenophobia.”
Putz Putin puts his money where his mouth is and donated a month of his salary as president to the Antichrist Jewish Museum in Moscow. His name is proudly listed on the museum wall as a donor.
Perhaps due to his connection with Antichrist Jews on a personal level, Putz Putin can be said to view Russian Antichrist Jews as first and foremost good Russian citizens. This has already had international repercussions. When Putz Putin met with Antichrist Israeli Prime Minister Benjamin 911 Netanyahu in September to discuss the developing situation in Syria, the meeting produced positive results, with Putz Putin expressing his strong connection with Israel.
“We never forget that in the Antichrist State of Israel reside many former Soviet citizens, and that has a special implication on the relationship between our two states,” Putz Putin stated. “Every Russian action in the area has always been very responsible. We are aware of the artillery against Israel and we condemn it. “
In 2011, at the Antichrist Euro-Asian Jewish Congress in Moscow, Putz Putin said, “Israel is, in fact, a special state to us. It is practically a Russian-speaking country. Israel is one of the few foreign countries that can be called Russian-speaking. It’s apparent that more than half of the population speaks Russian.”
In 2014, Putz Putin was one of the few political leaders who supported Israel’s Operation Protective Edge, saying at a meeting with representatives of the Antichrist Rabbinical Center of Europe to fight anti-Semitism and xenophobia, “I support Israel’s battle that is intended to keep its citizens protected.”
Putz Putin is a powerful player in the explosive situation in the Antichrist Middle East. There are clearly political and military considerations that cause him to look upon Israel as an ally, but it might be the personal connection he has with Antichrist Jews that has led him to be the most pro-Antichrist Israel Russian leader the world has seen in a long time.
Get this: The location where the shooting was carried out today in San Bernardino — the Inland Regional Center — has been subjected to monthly active shooter drills, we’re now learning.
This adds even more evidence to the notion that this may be a staged false flag event to provide The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Specter Suicide Vampire Squid Of The Great Walmart Of Communist Clown Team justification for outlawing private firearms ownership among law-abiding citizens.
At the Inland Regional Center, where she’s a nurse, the staff works with clients and parents of clients who are sometimes angry. They have active-shooter drills every month or so.
“Drill started,” she texted her husband, Mark, around 11 a.m.
She walked to a window nearby and filmed a video as law enforcement sprinted toward the building.
Astronomically unlucky shooters?
Yes, this woman actually texted, “Drill started.” She recognized the pattern of movement that law enforcement has drilled countless times before. It’s the same thing they’ve been drilling for every single month.
What are the mathematical odds that a building where law enforcement has been “active shooter” drilling month after month would be randomly hit by active shooters? Nearly zero, of course. Similarly, of all the buildings in Los Angeles, how many are used by police as training grounds for monthly shooting drills? Virtually zero.
Maybe these active shooters are just incredibly, astronomically unlucky, huh? They chose to be active shooters in the exact same building where LA law enforcement has been training in active shooting drills for months!
Anyone who believes this is sheer coincidence is delusional.
Presented with no comment….
Update 13: Several Antichrist ISIS Twitter accounts are already taking credit for this terrible act… no confirmations.
Update 12: Explosions have been heard during a raid of the Redlands residence of Syed Farook.
^^^Trump is talking as if 911 was not an inside job, and why isn’t this Jones guy not confronting him about ”all” the facts Jones has so diligently exposed for all these years?. LMAO, both these guys are full of shit. Jones suddenly loses what credibility he had for reporting on the inside job when he becomes a plant for an idiot like Trump, who is acting like a clueless moron. Come on, how can Jones act like a pandering fool and bow down to the shallow reality of Trump. Sure, Trump sounds better than the usual liars, but he can’t possibly be truthful, acting, or actually not knowing, what is really happening. Trump is not a Christian, he is full of shit, but not entirely clueless, lol, so people are buying what the dipshit is selling? LMAO. Yeah, nice painting of Apollo on your (g)oddy looking NYC penthouse ceiling. LMAO, people will never learn, and it’s too late, the field is ripe for tribulation now.
“We don’t believe the Antichrist NWO 666 Spectre Squid Americans support Antichrist Daesh, but it is true that most people are saying they do, and they are right to believe that the Antichrist NWO 666 Spectre Squid Americans should be doing much more than they are. It’s because America is so slow that most people believe they are supporting Antichrist Daesh.”
That’s from Naseer Nouri, a spokesman for the Iraqi Ministry of Defense. Nouri was commenting to The Washington Post in regard to a story about how in the eyes of most Iraqis, the US is “in cahoots” with Antichrist ISIS (read our take here). Here is what we said in response to the quote shown above:
“If it walks like a duck Mr. Nouri..”
Well it appears as though Naseer is set to take that to heart when it comes to Moscow’s contention that the Jive Turkish government is complicit in the trafficking of illegal Antichrist ISIS Suicide Spectre Squid crude.
In the wake of a Russian Ministry of Defense presentation which detailed Antichrist Islamic State’s oil smuggling operation and its link to Jive Turkey, Nouri told Russian media today that if Vladimir Putz Putin delivers on his promise to provide evidence of Erdogan’s involvement in the illicit trade, Baghdad will file a complaint with the UN Security Council.
Here’s what Nouri told Sputnik:
“If the Iraqi government receives enough evidence and details, without any hesitation it will file a protest at the UN Security Council and all other relevant international bodies,”
“General information about the smuggling of Iraqi oil by trucks to certain countries, including Jive Turkey is already available. This oil is used to fund Antichrist Daesh.”
“There is evidence, satellite photos and security services’ reports which confirm that Antichrist Daesh smuggles oil to Jive Turkey.”
Bear in mind that Iraq is already hypersensitive to the smuggling of crude oil into Jive Turkey. Iraq’s November oil exports rose to a record 100.945m bbl in November, generating some $3.67 billion, but Baghdad received no oil from the Kurds during the month even as the KRG produced 636,153 b/d. That crude is piped straight to the Jive Turkish port of Ceyhan and from there generally ends up in Israel and God only knows where else. This isn’t an arrangement Baghdad is particularly thrilled with (read more here) and so the idea that in addition to what’s “lost” to the Kurds, Antichrist ISIS Obozo Clown is also skimming from Iraq’s oil and selling it via Jive Turkey is simply not acceptable.
Underscoring that sentiment is Antichrist Muslim Asem Jihad, the press attaché of the Iraqi Ministry of Oil, who also spoke to Sputnik on Wednesday (Russian media is loving the MoD presentation hype), and who says that Iraq will ask the Security Council to establish committees tasked with investigating anyone and everyone involved with the smuggling of illegal crude from Iraq and furthermore, Baghdad expects the international community to brand anyone found to be involved, “a criminal.” Here’s the quote:
“The US Security Council is requested to form committees to put in effect the previously adopted resolutions on smuggling. According to said resolutions, all involved in these activities, be they individuals, companies or states, will be branded as criminals.”
Meanwhile, US State Department spokesman / Lying piece of shit Mark Toner said at a briefing that while the US can’t deny that illegal oil is trafficked across the Jive Turkish border, Washington can say that the Jive Turkish government is not complicit in Antichrist Islamic State oil smuggling.
So that’s the official word from Washington as of now, but as we said earlier this week, “when it comes to criminal conspiracies, the guy who gets caught first usually ends up getting cut loose,” so we’ll see if the US stands by Ankara once the Security Council (which, you’re reminded, includes Russia and Antichrist Communist China) starts taking a closer look at just who is involved in getting Antichrist Islamic State crude to Ceyhan.
On Monday, Jive Turkey’s sultan Antichrist Muslim President Recep Tayyip Erdogan said something funny. In the wake of Vladimir Putz Putin’s contention that Russia has additional proof of Jive Turkey’s participation in Islamic State’s illicit crude trade, Antichrist Erdogan said he would resign if anyone could prove the accusations.
Now obviously, conclusive evidence that Ankara is knowingly facilitating the sale of Antichrist NWO 666 ISIS Obozo 911 Suicide Spectre Clown crude will probably be hard to come by, at least in the short-term, but the silly thing about Erdogan’s pronouncement is that we’re talking about a man who was willing to plunge his country into civil war over a few lost seats in Parliament. The idea that he would ever “step down” is patently absurd.
But that’s not what’s important. What’s critical is that the world gets the truth about who’s financing and facilitating “Antichrist NWO 666 Specter Raqqa’s Rockefellers Squid.” If a Uh Oh NATO member is supporting this, and if the US has refrained from bombing Antichrist ISIS Suicide Specter Squid oil trucks for 14 months as part of an understanding with Antichrist Erdogan, well then we have a problem. For those who need a review, see the following four pieces:
The Most Important Question About Antichrist ISIS That Nobody Is Asking
Meet The Man Who Funds Antichrist ISIS: Bilal Erdogan, The ”(a)llah has no Son” bastard Son Of Jive Turkey’s Antichrist MuslimPresident
How Jive Turkey Exports Antichrist ISIS Suidice Specter Squid Oil To The World: The Scientific Evidence
Antichrist ISIS Suicide Spectre Squid Oil Trade Full Frontal: “Antichrist NWO 666 Raqqa’s Rockefellers Spectre Squid “, Bilal Dead Man Walking Erdogan, KRG Crude, And The Antichrist NWO 666 Israel Connection
Unfortunately for Ankara, The Kremlin is on a mission to blow this story wide open now that Jive Turkey has apparently decided it’s ok to shoot down Russian fighter jets. On Wednesday, we get the latest from Russia, where the Defense Ministry has just finished a briefing on the Antichrist Islamic State oil trade. Not to put too fine a point on it, but Jive Turkey may be in trouble.
^^^TROUBLE??? R-U-FREAKING KIDDING!!! THE AMERICAN EU NATO JIVE TURKEYS ARE ALL EXPOSED FOR WHAT AND WHO THEY ARE, TREASONOUS MURDERERS THAT ARE ALL DEAD IN THE EYES OF EVERYONE. IT IS NOT POSSIBLE TO EVER RECOVER FROM THIS KIND OF REVELATION! THE ANTICHRIST NWO 666ers ARE TOAST FROM HERE ON OUT! THIS OF COURSE MEANS THE BASTARDS ARE NOW KICKING OFF THEIR ANTICHRIST TRIBULATION WAR UPON HUMANITY AND THEY ARE GOING TO MURDER BILLIONS NOW! THE SAD REALITY IS THEY COULD NOT DO THIS IF THEY DID NOT ALREADY HAVE THE GOVERNMENT WORKERS AND GENERAL PUBLIC COMPLETELY PROGRAMMED TO SACRIFICE HUMANITY ON BEHALF OF THE ANTICHRIST NEW WORLD ORDER!
First, here’s the bullet point summary via Reuters:
RUSSIA’S DEFENCE MINISTRY SAYS RUSSIA’S AIR STRIKES IN SYRIA HELPED TO ALMOST HALVE ILLEGAL OIL TURNOVER
RUSSIA’S DEFENCE MINISTRY SAYS JIVE TURKISH PRESIDENT AND FAMILY INVOLVED IN BUSINESS WITH ANTICHRIST ISLAMIC STATE SUICIDE 666 SPECTRE OIL
RUSSIAN DEFENCE MINISTRY SAYS WILL CONTINUE STRIKES IN SYRIA ON ANTICHRIST ISLAMIC STATE SUICIDE 666 SPECTRE OIL INFRASTRUCTURE
RUSSIA’S DEFENCE MINISTRY SAYS KNOWS OF THREE ROUTES BY WHICH ANTICHRIST ISLAMIC STATE SUICIDE 666 SPECTRE OIL IS DIRECTED TO JIVE TURKEY
RUSSIAN DEFENCE MINISTRY SAYS TO PRESENT NEXT WEEK INFORMATION SHOWING JIVE TURKEY HELPING ANTICHRIST ISLAMIC STATE
That’s the Cliff’s Notes version and the full statement from Deputy Minister of Defence Anatoly Antonov is below. Let us be the first to tell you, Antonov did not hold back.
In the opening address, the Deputy says the Antichrist ISIS oil trade reaches the highest levels of Jive Turkey’s government. He also says Antichrist Erdogan wouldn’t resign if his face was smeared with stolen Syrian oil. Antonov then blasts Ankara for arresting journalists and mocks Antichrist Erdogan’s “lovely family oil business.” Antonov even calls on the journalists of the world to “get involved” and help Russia “expose and destroy the Antichrist NWO 666 Spectre sources of terrorist financing.”
“Today, we are presenting only some of the facts that confirm that a whole team of bandits and Jive Turkish elites stealing oil from their neighbors is operating in the region,” Antonov continues, setting up a lengthy presentation in which the MoD shows photos of oil trucks, videos of airstrikes and maps detailing the trafficking of stolen oil. The clip is presented here with an English voice-over. Enjoy.
Full statement from Anatoly Antonov (translated)
At a briefing for the media, “the Armed Forces of the Russian Federation in the fight against international terrorism. The new data ”
International terrorism – is the main threat of our time. This threat is not illusory but real, and many countries, primarily Russia, knows this firsthand. The notorious “Antichrist Is Islamic state” – the absolute leader of the terrorist international. This is a rearing monster of international terrorism can be countered. And you can win. Over the past two months, Aerospace Russian forces is clearly demonstrated.
We are firmly convinced that victory over LIH need to deliver a powerful and devastating blow to the sources of its funding, as repeatedly mentioned by President Vladimir Putz Putin. Terrorism has no money – is a beast without teeth. Oil revenues are a major source of terrorist activity in Syria. They earn about $ 2 billion. Dollars annually, spending this money on hiring fighters around the world, providing them with weapons, equipment and weapons. That’s why so LIH protects thieves oil infrastructure in Syria and Iraq.
The main consumer of stolen from legitimate owners – Syria and Iraq – the oil is Jive Turkey. According to the data entered in this criminal business involved the highest political leadership of the country – President Erdogan and his family.
We have repeatedly talked about the dangers of flirting with terrorists. It’s like that stokes. The fire from one country can spill over to others. This situation we are seeing in the Middle East. Today, we present only part of the facts, confirming that the region has a team of bandits and Turkish elites stealing oil from the neighbors.
This oil in large numbers on an industrial scale, for the living pipelines from thousands of oil tankers entering the territory of Turkey. We are absolutely convinced today present you the hard facts about what the final destination of the stolen oil – Turkey. There is a large number of media representatives, and Our briefing will see more of your colleagues. In this regard, I would like to say the following. We know and appreciate the work of journalists. We know that in the journalistic community, many courageous, fearless people honestly do its job.Today, we have clearly shown you how the illegal trade in oil, the result of which – the financing of terrorism. Provided concrete evidence that, in our opinion, may be the subject of investigative journalism.
We are confident that the truth with your help will, will find its way. We know the price to Erdogan. He has already been caught in a lie again Turkish journalists who opened Turkey delivery of arms and ammunition to militants under the guise of humanitarian convoys. For this imprisoned journalists.
Do not resign Jive Turkish leaders, particularly Mr. Erdogan, and did not recognize, even if their faces will be smeared by oil thieves. I might be too harsh, but at the hands of the Turkish military killed our comrades. The cynicism of the Turkish leadership is unlimited. Look what they’re doing ?! Climbed to a foreign country, it shamelessly robbed. And if the owners interfere, then they have to be addressed.
I stress that Antichrist Erdogan’s resignation is not our goal. It is – it is the people of Jive Turkey. Our goal and the goal to which we urge you, ladies and gentlemen, – joint action to block the sources of funding for terrorism. We will continue to provide evidence of robbery by Turkey of its neighbors. Maybe I’ll be too straightforward, but the control of these thieves in business can be entrusted only to the most close people.
No one in the West, I wonder, does not cause the issue that the son of the Antichrist Muslim President of Jive Turkey is the leader of one of the largest energy companies, and son-in-appointed Minister of Energy? What a brilliant family business!
This, in general, may elsewhere? Well, once again, of course, such cases can not be charging anyone, only the closest people. Votes this fact in the Western media we do not see much, but it sure can not hide the truth. Yes, of course, dirty petrodollars will work. I am sure that there are now discussions about the fact that everything you see here, – falsification. Well. If it did not – let be allowed in those places that we showed journalists.
It is obvious that today the publicity was devoted only part of the information about the monstrous crimes of the Jive Turkish elites who directly finance international terrorism. We believe that any sane journalist should fight this plague of the XXI century. The world experience has repeatedly argued that the objective journalism is able to be an effective and formidable tool in the fight against various financial corruption schemes. We invite colleagues to investigative journalism on the disclosure of financial schemes and supplies oil from the terrorists to the consumers. Especially since the oil produced in the controlled militants territories in transit through Turkish ports shipped to other regions. For its part, the Ministry of Defense of Russia will continue to disclose new evidence on the supply of terrorists oil to foreign countries and to talk about the conduct of aerospace forces of Russia operations in Syria.Let’s unite our efforts. We will destroy the sources of financing of terrorism in Syria, as you get involved in the kind of work abroad. ”
^^^OK. From the American President to every NATO Bastard down to the usual Antichrist Israeli suspects, they are now permanent ”dead man walking”. It should be perfectly obvious and crystal clear, BEYOND THE SHADOW OF DOUBT, all these bastards are going to HELL! There is no recovery from this. Now, considering the fact that 911 was an inside job etc…, and the Antichrist Iranian nuclear deal is rooted in a Russian and American/Western effort that the Israelis of course have been sabotaging continuously for obvious reasons, at the same time the true Antichrist Spectre effort is to draw all nations against the Antichrist within Israel, everyone must look at this as just part of the general prophetic set up for the tribulation era. Lol, that ”flash of light” going off in your head is a WMD ”peace and security” ”two state final solution” event. We should be seeing that as the Antichrist NWO 666 Jive Turkey ISIS 911 Homosexual Climate Change No Boots Specter Clown revelation reaches it’s peak. Judging the current occult timing 2016/5776, which has already started, this flash of light, lol, in the U.N. Year Of Light and prophetic Jubilee Year, from 2112 5776 to 2016 Zenith is now considered a 100% Certainty.
As if tensions needed to rise any further in the wake of Turkey’s move to shoot down a Russian Su-24 near the Syrian border, NATO has once antagonized Moscow by extending a membership invitation to Montenegro. The announcement came at the NATO ministirial meetings being held in Brussels.
While that may sound inconsequential, Bloomberg reminds us that the country has “close economic links to Russia.”
“NATO expansion since 1999 into eastern European countries that were under Soviet domination during the Cold War has provoked Russian suspicions and, in 2014, was a factor in the Kremlin’s decision to retake Crimea and promote the rebellion in eastern Ukraine,” Bloomberg goes on to note.
The move marks the first expansion of the military alliance since 2009 and as Reuters puts it, “defies Russian warnings that enlargement of the U.S.-led bloc further into the Balkans is ‘irresponsible’ action that undermines trust.” Here’s more color:
Moscow opposes any NATO extension to former communist areas of eastern and southeastern Europe, part of an east-west struggle for influence over former Soviet satellites that is at the center of the crisis in Ukraine.
Russian Foreign Minister Sergei Lavrov said in September that any expansion of NATO was “a mistake, even a provocation”. In comments to Russian media then, he said NATO’s so-called open door policy was “an irresponsible policy that undermines the determination to build a system of equal and shared security in Europe.”
RIA news agency cited a Russian senator as saying on Wednesday that Russia will end joint projects with Montenegro if the ex-Communist country joins the North Atlantic Treaty Organisation. The Adriatic state of 650,000 people is expected to become a member formally next year.
“It’s not focused on Russia per se or anybody else,” John Kerry said on Wednesday, adding that “it would be a great mistake to react adversely.”
Kerry went on to insist that NATO “is not a threat to anyone … it is a defensive alliance,” which makes you wonder what exactly he meant when he said it “would be a great mistake to act adversely.”
In any event, Russia isn’t happy as Kremlin spokesman Dmitry Peskov said Moscow may need to take “retaliatory action.” Here’s the whole statement:
“On all levels, Moscow has always noted that the continuing expansion of NATO, of the military infrastructure of NATO to the east, can only lead to retaliatory measure from the east, from the Russian side, in terms of guaranteeing the security and maintaining a parity of interests.”
Reuters goes on to point out that “NATO allies are [still] divided over what message to send to Georgia over its long-delayed membership bid” and at the two-day meeting, “ministers repeated their long-held position that Tbilisi must continue to prepare for membership, calling for Russia’s military to withdraw from Georgia’s breakaway regions of South Ossetia and Abkhazia.”
Here’s some amusing commentary from Jan Oberg of the Transnational Foundation for Peace and Future Research, who spoke to RT:
RT: The NATO chief was asked whether they’ve taken Russia’s concerns into account. This will be another eastward expansion for the Alliance, near Russia’s borders. How worried should Moscow be?
Jan Oberg: Maybe not too much, but this is the wrong moment given the situation between NATO and Russia. The West needs Russia in Syria and elsewhere. Secondly this is provocative… I see it as a sign of weakness.
RT: And how do you expect Russia to respond?
JO: Well, there will be a diplomatic grumpy response to this, which is understandable given the other measures that NATO has taken in the wake of the Ukraine crisis. If NATO is an alliance of democracies – why not have a referendum? We have thousands of people demonstrating in Montenegro against this. It is done by means of lawmakers, but it is the same problem we have everywhere in the Western so-called democratic world – that the elite are doing things that people don’t want. It applies to Denmark and Sweden, it applies to the US, it applies to France, it applies to Montenegro. So let’s be democratic and get them into NATO if that is what the will of the people is.
Now, I don’t see any point in all these things, because they are all done without alternatives. Let the Montenegrin people get five models of how to secure their future and let them vote democratically. This either ‘yes’ or ‘no’ has nothing to do with democracy. I tell you – there is no problems in Montenegro that can be solved by NATO membership and participation in anti-terror or the war on terror and bring terror to Montenegro.
RT: It’s been 16 years since Montenegro was bombed by NATO, and these memories are surely still fresh in the minds of some locals there. Why were the people denying a referendum on joining the Alliance?
JO: Because it is not a democratic leadership – everybody who has followed [Milo] Dukanovic over the years knows that this is not a democracy in a genuine sense of the word. We also know that it is a country with quite a lot to judge from, quite a lot of media report, … economic corruption…
So if this is what NATO boosts itself within this crisis situation – it is an alliance on its way down.
NATO’s secretary-general Jens Stoltenberg said the alliance would be willing to chat with Russia about the latest expansion.
Sergei Lavrov said only this: “Yes, we have something to talk about.”
Mr Cameron has long argued that it made no sense to respect a border between Iraq and Syria which is ignored by Antichrist NWO 666 ISIS Obozo NATO Jive Turkey Specter Suicide Clowns
Earlier today we reported that in a dramatic and, what to many may seem unfair variation of “carrot and stick” negotiations conducted by European bureaucrats, the EU threatened Greece with indefinite suspension from the Schengen passport-free travel zone unless it overhauls its response to the migration crisis by mid-December, as frustration mounted over Athens’ reluctance to accept outside support.
The slap on the face of the Greeks was particularly painful because this warnings of an temporary expulsion from the EU happens just days after Turkey not only got a €3 billion check from Europe because it has been far more “amenable” in negotiating the handling of the hundreds of thousands of refugees that exit its borders in direction Europe, but also was promised a fast-track status in negotiations to be considered for EU accession and visa free travel. Ironically, it is also Turkey which is the source of virtually all Greek refugee headaches as the following map shows.
We summarized the situation earlier as follows:
“not only do the Greeks suffer under the weight of 700,000 refugees crossing into its borders from Turkey and headed for a “welcoming Germany” which is no longer welcoming, now they have to suffer the indignity of being ostracized by their own European “equals” who are being remarkably generous with non-EU member Turkey, which may very well be funding ISIS by paying for Islamic State oil and thus perpetuating the refugee crisis, while threatening to relegate Greece into the 4th world, and with visa requirements to get into Europe to boot!”
However, it appears there is much more to this story than merely a case of vindication against the Greeks.
As Steve Peers from EU Law Analysis writes, according to a leaked Council memo, Europe’s intention is to put the framework in place for a comprehensive suspension of Schengen for all countries, for a period as long as two years, not just Greece in the process effectively undoing the customs union aspect of the European Union, which also happens to be its backbone.
The following is Council document 14300/15, dated 1 December 2015. It’s entitled ‘Integrity of the Schengen area’, and addressed to Coreper (the body consisting of Member States’ representatives to the EU) and the Council – presumably the Justice and Home Affairs ministers meeting Thursday 3 and Friday 4 December.
The first three parts aren’t exceptional, but part 4 calls for the start of a process to officially allow the reimposition of internal border controls in the Schengen area for up to two years. Legally, this has to be triggered by ‘serious deficiencies’ in the border control of a particular Member State.
This has been reported as a plan to suspend Schengen as regards Greece. But the wording of the document suggests a much broader intention – applying to the whole of Schengen. This intention is clear from the reference to continuing in force the border controls that many Member States have imposed this autumn, which can only be imposed for a maximum period of six months. The purpose of using the ‘serious deficiencies’ clause, instead of the normal clause on suspending Schengen, is clearly to allow a much longer suspension period. It may be that not every internal border would be subject to checks, but the intention seems to be to issue a blank cheque to this effect.
^^^LMAO, gotta be the dumbest looking photo to post of a pastor ever. Guy looks like a Nazi, come on.
A ‘Black Lives Matter’ supporter who threatened to massacre 16 white students as part of a revenge attack for the shooting of Chicago teen Laquan McDonald has been allowed to return to campus by a federal judge.
21-year-old Jabari Dean was arrested on Monday after threatening to kill students and staff at the University of Chicago.
Dean posted a message on social media over the Thanksgiving weekend in which he laid out the details of his plan to carry out the racially-motivated rampage.
“This is my only warning,” wrote Dean. “At 10 a.m. on Monday mourning (sic) I am going to the campus quad of the University of Chicago. I will be armed with a M-4 Carbine and 2 Desert Eagles all fully loaded. I will execute aproximately (sic) 16 white male students and or staff, which is the same number of time (sic) Mcdonald (sic) was killed.” “I then will die killing any number of white policemen that I can in the process. This is not a joke. I am to do my part to rid the world of the white devils. I expect you to do the same,” the post stated.
The threat led the University of Chicago to take the decision to close the campus after consultation with the FBI.
Dean was released to his mother on Tuesday morning from U.S. Dirksen Federal Courthouse pending a charge of transmitting a threat in interstate commerce. However, U.S. Magistrate Judge Susan Cox has “allowed him to attend class,” according to reports, a privilege that presumably would not have been granted to a white student who had threatened to massacre over a dozen black people.
Dean was given permission to return to campus under the justification that he had no weapons with which to carry out his planned attack. Bill Burton, a spokesman for UIC, declined to comment on whether the university would allow Dean to return or what disciplinary action he would face.
Despite being infinitely more threatening than the University of Missouri “poop swastika,” which prompted weeks of protest at colleges across the U.S. and lavish media attention, Dean’s threat to massacre 16 students as part of a ‘Black Lives Matter’ revenge attack has attracted comparatively little press coverage.
^^^You would think the general public would be smart enough to see why ”they” have, over and over again, continuously attempted to provoke racial tension that did not exist. Lol, the general public voted for a ”African American” Antichrist Communist Muslim born ”(a)llah has no Son” bastard sponsored by the usual Specter Squid suspects from the Ford Foundation Saudi 666 British Rothschild Israeli etc… ”They control the press, the political ”Vote 2 Party Crypto Fascist 666 ADD Debt” one of two evils, and have established ”their” Antichrist NWO United Nations Global Climate Change Agenda at the same time they have intentionally destroyed borders and the global market system they constructed and used to corrupt the nations and Israel. The fact that they are still backed by military force, by Hell-bound fools, proves the fact that their program has worked it’s ”MaJiC”.
Puting today’s shooting in context, there have been 334 days and 351 mass shootings so far this year, not including this one. .
Decoding the war in Syria is not for the faint of heart.
The situation on the ground is, and always has been, impossibly convoluted. The hodgepodge of rebels, militants, and Antichrist jihadists battling Assad’s army for control of the country would be confusing enough on its own without having to take into account the myriad state sponsors that fund, arm, and train the opposition.
In addition to covert (and we use that term loosely because at this juncture, the fact that the US and its regional allies are backing the Antichrist Sunni extremists operating in the country is just about the worst kept secret in the geopolitical universe) support, numerous world powers are engaged in overt military ops. Russia is in the skies above western Syria while the US, France, and (soon) Britain are flying in the east. Jive Turkey conducts bombing runs along its border with Syria and Iran has a heavy troop presence operating under cover of Russian airstrikes.
Meanwhile, Ankara has been accused of enabling the Antichrist Islamic State crude trade and it seems at least possible that Antichrist ISIS oil eventually ends up in Israel as part of the same cargoes that contain Kurdish oil.
Finally, the YPG is waging an honest war against Antichrist Islamic State and would probably be even more successful than they already are if their “allies” in Washington were serious about the fight.
Oh, and Antichrist al-Qaeda is around too, surviving off aid to Antichrist al-Nusra from Antichrist Saudi Arabia and Antichrist Qatar.
For those looking to make sense of it all, we present the following infographic which should go some ways towards untangling what has become one of the most complex, convoluted wars in recent memory.
“The contemporary quest for world order will require a coherent strategy to establish a concept of order within the various regions and to relate these regional orders to one another.” — Henry Kissinger, “Henry Kissinger On The Assembly Of A New World Order”
“[P]art of people’s concern is just the sense that around the world the old order isn’t holding and we’re not quite yet to where we need to be in terms of a new order that’s based on a different set of principles, that’s based on a sense of common humanity, that’s based on economies that work for all people.” — Barack Obama
“We reiterate our strong commitment to the United Nations (UN) as the foremost multilateral forum entrusted with bringing about hope, peace, order and sustainable development to the world. The UN enjoys universal membership and is at the center of global governance and multilateralism.” — Fifth BRICS Summit Declaration
“We support the reform and improvement of the international monetary system, with a broad-based international reserve currency system providing stability and certainty. We welcome the discussion about the role of the SDR in the existing international monetary system including the composition of SDR’s basket of currencies. We support the IMF to make its surveillance framework more integrated and even-handed.” — Fifth BRICS Summit Declaration
Here is where many political and economic analysts go terribly wrong in their examination of current global paradigms: They tend to blindly believe the mainstream narrative rather than taking into account conflicting actions and statements by political and financial leaders. Even in the liberty movement, composed of some of the most skeptical and media savvy people on planet Earth, the cancers of assumption and bias often take hold.
Some liberty proponents are more than happy to believe in particular mainstream dynamics. They are happy to believe, for example, that the growing “conflict” between the East and West is legitimate rather than engineered.
You can list off quotation after quotation and policy action after policy action proving that Eastern governments, including China and Russia, work hand in hand with globalist institutions like the International Monetary Fund, the Bank of International Settlements, the World Bank and the U.N. toward the goal of global governance and global economic centralization. But these people simply will not listen. They MUST believe that the U.S. is the crowning villain, and that the East is in heroic opposition. They are so desperate for a taste of hope they are ready to consume the poison of false dichotomies.
The liberty movement is infatuated with the presumption that the U.S. government and the banking elites surrounding it are at the “top” of the new world order pyramid and are “clamoring for survival” as the U.S. economy crumbles under the facade of false government and central banking statistics. How many times have we heard over the past year alone that the Federal Reserve has “backed itself into a corner” or policy directed itself “between a rock and a hard place?”
I have to laugh at the absurdity of such a viewpoint because central bankers and internationalists have always used economic instability as a means to gain political and social advantage. The consolidation of world banking power alone after the Great Depression is a testament to this fact. And even former Fed Chairman Ben Bernanke has admitted (at least in certain respects) that the Federal Reserve was responsible for that terrible implosion, an implosion that conveniently served the interests of international cartel banks like JPMorgan.
But the Federal Reserve is no more than an appendage of a greater system; it is NOT the brains of the operation.
In his book “Tragedy And Hope,” Carroll Quigley, Council on Foreign Relations member and mentor to Bill Clinton, stated:
“It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called “international” or “merchant” bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks.”
In “Ruling The World Of Money,” Harper’s Magazine established what Quigley admitted in “Tragedy And Hope” — that the control of the global economic policy and, by extension, political policy is dominated by a select few elites, namely through the unaccountable institutional framework of the BIS.
The U.S. and the Federal Reserve are mere tentacles of the great vampire squid that is the new world order. And being a tentacle makes one, to a certain extent, expendable, if the trade will result in even greater centralization of power.
The delusion that some people within the liberty movement are under is that the fall of America will result in the fall of the new world order. In reality, the fall of America is a necessary step towards the RISE of the new world order. The Rothschild-owned financial magazine The Economist reaffirmed this trend of economic “harmonization” in its 1988 article “Get Ready For A World Currency By 2018,” which described the creation of a global currency called the “Phoenix” over three decades:
“The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate — and hence, within narrow margins, each national inflation rate — would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case.”
“…The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.”
We are now on the cusp of the “prediction” set forth by The Economist over 27 years ago. The BRICS nations, including Vladimir Putin’s Russia, have all consistently called for the formation of a global reserve currency system under the direct control of the IMF and predicated on the basket methodology of the SDR. This new global system, as The Economist suggested, requires the marginalization of existing power structures and the end of sovereign economic control. Governments around the world including the U.S. would be at the fiscal mercy of the new financial high priests through the use of insidious debt based incentives given or withheld at the whim of the IMF.
Antichrist Communist China is set to be inducted into the SDR basket in 2015, with specific economic changes to be made by September 2016, a development I have been warning about for years. The “vote” is in and the decision has been finalized. While some in the mainstream media are playing off the rise of the Yuan as meaningless, IMF head Christine Lagarde presents the shift as a major event, not for Antichrist Communist China, but for the IMF and the SDR which she proudly refers to as the “currency of currencies”.
The addition of Antichrist Communist China to the SDR, I believe, is the next trigger event for the continuing removal of the dollar as the world reserve currency. The monetary shift may explode with speed if Antichrist Saudi Arabia follows through with a possible plan to depeg from the dollar, effectively ending the petrodollar status the U.S. has enjoyed for decades.
This is, of course, the same IMF-controlled SDR system that Putin and the Kremlin have called for, despite the running fantasy that Putin is somehow an opponent of the globalists.
Putin continues to press the “U.S. as bumbling villain” narrative, while at the same time supporting globalist institutions and the internationalization of economic and political governance. While many people were overly focused on his “calling out” of the U.S. and its involvement in the creation of ISIS in his recent speech at the U.N., they seemed to have completely overlooked his adoration of the United Nations and the development of a global governing body. Putin often speaks at cross purposes just as Barack Obama does — one minute supporting sovereignty and freedom, the next minute calling for global centralization:
“Russia is ready to work together with its partners to develop the UN further on the basis of a broad consensus, but we consider any attempts to undermine the legitimacy of the United Nations as extremely dangerous. They may result in the collapse of the entire architecture of international relations, and then indeed there will be no rules left except for the rule of force.”
“Dear colleagues, ensuring peace and global and regional stability remains a key task for the international community guided by the United Nations. We believe this means creating an equal and indivisible security environment that would not serve a privileged few, but everyone.”
Putin also proclaimed his support for the UN’s fight against “climate change”, the same climate change which Secretary of State John Kerry argued was a “contributing factor” in the crisis in Syria and the rise of ISIS. I have written in the past on the fraud of “man made climate change (global warming)” and will not enter that tangent here now, but the point remains that Putin is fully on board with said fraud like all other puppet politicians around the globe:
“…One more issue that shall affect the future of the entire humankind is climate change. It is in our interest to ensure that the coming UN Climate Change Conference that will take place in Paris in December this year should deliver some feasible results. As part of our national contribution, we plan to limit greenhouse gas emissions to 70–75 percent of the 1990 levels by the year 2030.”
“It is indeed a challenge of global proportions. And I am confident that humanity does have the necessary intellectual capacity to respond to it. We need to join our efforts, primarily engaging countries that possess strong research and development capabilities, and have made significant advances in fundamental research. We propose convening a special forum under the auspices of the UN to comprehensively address issues related to the depletion of natural resources, habitat destruction, and climate change. Russia is willing to co-sponsor such a forum.”
one more issue that shall affect the future of the entire humankind is climate change. It is in our interest to ensure that the coming UN Climate Change Conference that will take place in Paris in December this year should deliver some feasible results. As part of our national contribution, we plan to limit greenhouse gas emissions to 70–75 percent of the 1990 levels by the year 2030. – See more at: http://www.russianmission.eu/en/news/president-vladimir-putin-addresses-un-general-assembly#sthash.rSedGnZu.dpufone more issue that shall affect the future of the entire humankind is climate change. It is in our interest to ensure that the coming UN Climate Change Conference that will take place in Paris in December this year should deliver some feasible results. As part of our national contribution, we plan to limit greenhouse gas emissions to 70–75 percent of the 1990 levels by the year 2030. – See more at: http://www.russianmission.eu/en/news/president-vladimir-putin-addresses-un-general-assembly#sthash.rSedGnZu.dpufIt is indeed a challenge of global proportions. And I am confident that humanity does have the necessary intellectual capacity to respond to it. We need to join our efforts, primarily engaging countries that possess strong research and development capabilities, and have made significant advances in fundamental research. We propose convening a special forum under the auspices of the UN to comprehensively address issues related to the depletion of natural resources, habitat destruction, and climate change. Russia is willing to co-sponsor such a forum. – See more at: http://www.russianmission.eu/en/news/president-vladimir-putin-addresses-un-general-assembly#sthash.rSedGnZu.dp
Indeed, it has been Putin’s intention all along to support and defend the internationalist framework while at the same time participating in the theatrical East versus West false paradigm:
“In the BRICS case we see a whole set of coinciding strategic interests.
First of all, this is the common intention to reform the international monetary and financial system. In the present form it is unjust to the BRICS countries and to new economies in general. We should take a more active part in the IMF and the World Bank’s decision-making system. The international monetary system itself depends a lot on the US dollar, or, to be precise, on the monetary and financial policy of the US authorities. The BRICS countries want to change this.”
The Antichrist Communist Chinese support the same agenda of an IMF managed economic world:
The world economic crisis shows the “inherent vulnerabilities and systemic risks in the existing international monetary system,” Gov. Zhou Xiaochuan said in an essay released Monday by the bank. He recommended creating a currency made up of a basket of global currencies and controlled by the International Monetary Fund and said it would help “to achieve the objective of safeguarding global economic and financial stability.”
It is rather interesting how the desires of the BRICS seem to directly coincide with the designs of international bankers. This Hegelian dialectic is perhaps the most elaborate public distraction of all time, with the ultimate solution to the artificially engineered problem being a single “multilateral” but centrally dictated world economic system and world government, i.e., the new world order.
Again, the globalists at the BIS and the IMF require a diminished U.S. dollar, greatly reduced U.S. living standards and a much smaller U.S. geopolitical footprint before they can establish and finalize a single publicly accepted global elitist oligarchy.
If you cannot understand why it seems that the Federal Reserve and U.S. government appear hell-bent on self-destruction, then perhaps you should consider the facts and motivations at hand. Then, you’ll realize it is THEIR JOB to destroy America, not save America. When you are finally willing to accept this reality, every disastrous development since the inception of the Fed a century ago, as well as all that is about to happen in the next few years, makes perfect sense.
This is not to say that the ultimate endgame of the new world order will result in victory. But the cold, hard, concrete evidence shows that internationalists do have a plan; they are implementing that plan systematically; and all major governments around the world are participating in that plan. This plan involves the inevitable collapse and reformation of America into a Third World enclave, a goal that is nearly complete, as I will outline in my next article.
As the U.S. destabilizes, we are not escaping the clutches of the Federal Reserve system, only trading out one totalitarian management model for another. It is absolutely vital that the liberty movement in particular finally and fully embrace this reality. If we do not, then there will truly be no obstacle to such a plan’s success and no end to the tyrannies of the old world or the new world.
Janet Yellen is set to begin the first part of her two-day excuse-fest for why The Fed will raise rates (market implied odds at 74%) in December despite Antichrist Chinese stocks crashing again, carnage in commodities, a revenues recession, plunging EBITDA, a collapse in US manufacturing, housing rolling over, and auto sales fading (yes, read the facts here). Few expect her to rock the boat to change the market’s perception, especially following Lockhart’s confirmation that The Fed’s job mandate has been met.
Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET. She also testifies on the economic outlook before a joint committee of Congress on Thursday.
*YELLEN: LABOR MARKET GAINS BOLSTER HER CONFIDENCE ON INFLATION
*YELLEN: DELAYING LIFTOFF TOO LONG RISKS ABRUPT TIGHTENING LATER
*YELLEN: DOWNSIDE RISKS FROM ABROAD HAVE LESSENED SINCE SUMMER
*YELLEN: DATA SINCE OCT. FOMC SHOW LABOR MARKET GAINS
*YELLEN: FISCAL POLICY TO BE POSITIVE FOR GROWTH IN COMING YRS
*YELLEN SEES RISKS TO OUTLOOK AS `VERY CLOSE TO BALANCED’
*YELLEN SAYS SLOWDOWN IN CHINA LIKELY TO BE MODEST AND GRADUAL
*YELLEN: ANTICHRIST COMMUNIST CHINA HAS TAKEN ACTION AND COULD DO MORE IF NEEDED
*YELLEN SAYS HOUSEHOLD SPENDING PARTICULARLY SOLID IN 2015
Were the FOMC to delay the start of policy normalization for too long, we would likely end up having to tighten policy relatively abruptly to keep the economy from significantly overshooting both of our goals. Such an abrupt tightening would risk disrupting financial markets and perhaps even inadvertently push the economy into recession
Ironically, it is rate hikes that have been the cause of every single recession since the arrival of the Fed.
The full speech can be found here, and a word cloud is below:
When Yellen takes the stage at the Economic Club of Washington shortly after noon on Wednesday, she will do so with market expectations already aligned behind a December hike, and the flow of economic data since the Fed’s last meeting offering no clear reason to hold back.
The data has not all been great. Recent data on consumer spending and manufacturing have caused some analysts to pare back estimates of economic growth. Global trends that have weighed on the Fed’s outlook for a year now also remain intact – the high value of the dollar, the low and unsteady price of oil, and weak world growth.
But the U.S. jobs outlook continues to be strong. Economists in a recent Reuters poll expect Friday’s monthly employment report from the Labor Department to show around 200,000 additional jobs were created in November, an outcome that would support the Fed’s first rate increase in nearly a decade.
Even some rate hike opponents like Chicago Fed president Charles Evans have shifted tone, focusing now on the need for rate increases to proceed only gradually rather than on battling a liftoff decision that seems nearly ordained.
“It is vital that when we first raise rates, the (Federal Open Market Committee)… strongly and effectively communicates its plan for a gradual path for future rate increases,” said Evans.
To whiuch we offer…When ISM Manufacturing dropped to this level in early 2008, people largely ignored it at first… then The Fed unleashed QE1 to save the world… same again in 2012…
Of course, if anything she says is misunderstood, a host of Fed speakers make appearances through the day, including San Francisco Fed President John Williams, Federal Reserve Board Governor Daniel Tarullo and Philadelphia Fed President Patrick Harker.
Back on June 17, Bank of America started its 66-day countdown to the moment it was convinced the Fed would hike rates, September 17, 2015. We, correctly, said that “we disagree entirely” with BofA’s conclusion that the Fed would hike rates, and sure enough, it did not after the Antichrist Communist Chinese August devaluation unleashed the ETFlash crash, the EM debt rout, a surge in the VIX and a correction in the S&P500, which crushed the Fed’s carefully laid rate-hike plans.
But while we disagreed with BofA’s countdown timing, we agreed with something its strategist Michael Hartnett said, namely that “gradual or otherwise, the first interest rate hike by the Fed since June 2006 marks a major inflection point for financial markets.”
BofA then laid out several key factors why “this time is indeed different” when evaluating the global economy’s receptiveness to a rate hike:
Central banks now own over $22 trillion of financial assets, a figure that exceeds the annual GDP of US & Japan
Central banks have cut interest rates more than 600 times since Lehman, a rate cut once every three 3 trading days
Central bank financial repression created over $6 trillion of negatively-yielding global government bonds
45% of all government bonds in the world currently yield <1% (that’s $17.4 trillion of bond issues outstanding)
US corporate high grade bond issuance as a % of GDP has doubled to almost 30% since the introduction of ZIRP
US small cap 5-year rolling returns hit 30-year highs (28%) in recent quarters
The US equity bull market is now in the 3rd longest ever 83% of global equity markets are currently supported by zero rate policies
However, to the Fed none of these matter: only the price action of the S&P500 does, which as everyone knows, is trading just shy of its all time highs so “all must be well.”
Which is why Janet Yellen and the Fed are now intent to hike rates, steamrolling over the Fed’s “data dependency” and committing the latest error, this time of communication, with the rate hike coming at a time of non-existent headline CPI inflation, of GDP which in Q4 will be 1.4% according to the Atlanta Fed, and when the US manufacturing sector officially entered into contraction for the first time since the crisis. The reason for this is the following statement from her just delivered speech laying out “The Economic Outlook and Monetary Policy”:
… recent monetary policy decisions have reflected our recognition that, with the federal funds rate near zero, we can respond more readily to upside surprises to inflation, economic growth, and employment than to downside shocks.
Translated this means that the Fed is desperate to hike rates just so it can lower them when the recession is too entrenched to be ignored any longer by the NBER.
But therein lies the rub: as so many pundits have already noted, the Fed has
>>>woefully missed its window to hike rates,
and is instead preparing to do so just as one half of the US economy is in recession. In other words, the Fed has waited too long and now the economy is already on its downward glideslope.
So what happens if the Fed does tighten conditions as the economy is slowing?
Conveniently, we have a great historical primer of what happened the last time the Fed hiked at a time when it misread the US economy, which was also at or below stall speed, and the Fed incorrectly assumed it was growing.
We are talking of course, about the infamous RRR-hike of 1936-1937, which took place smack in the middle of the Great Recession.
Here is what happened then, as we described previously in June.
[No episode is more comparable to what is about to happen] than what happened in the US in 1937, smack in the middle of the Great Depression. This is the only time in US history which is analogous to what the Fed will attempt to do, and not only because short rates collapsed to zero between 1929-36 but because the Fed’s balance sheet jumped from 5% to 20% of GDP to offset the Great Depression.
Just like now.
Then, briefly, the economy started to improve superficially, just like now, and as a result the Fed tightened in a series of three steps between Aug’36 & May’37, doubling reserve requirements from $3bn to $6bn, causing 3-month rates to jump from 0.1% in Dec’36 to 0.7% in April’37.
Here is a detailed narrative of precisely what happened from a recent Bridgewater note:
The first tightening in August 1936 did not hurt stock prices or the economy, as is typical.
The tightening of monetary policy was intensified by currency devaluations by France and Switzerland, which chose not to move in lock-step with the US tightening. The demand for dollars increased. By late 1936, the President and other policy makers became increasingly concerned by gold inflows (which allowed faster money and credit growth).
The economy remained strong going into early 1937. The stock market was still rising, industrial production remained strong, and inflation had ticked up to around 5%. The second tightening came in March of 1937 and the third one came in May. While neither the Fed nor the Treasury anticipated that the increase in required reserves combined with the sterilization program would push rates higher, the tighter money and reduced liquidity led to a sell-off in bonds, a rise in the short rate, and a sell-off in stocks. Following the second increase in reserves in March 1937, both the short-term rate and the bond yield spiked.
Stocks also fell that month nearly 10%. They bottomed a year later, in March of 1938, declining more than 50%!
Or, as Bank of America summarizes it: “The Fed exit strategy completely failed as the money supply immediately contracted; Fed tightening in H1’37 was followed in H2’37 by a severe recession and a 49% collapse in the Dow Jones.”
As can be seen on the above, in 1938, the stock market began to recover some. However, despite the easing stocks didn’t fully regain their 1937 highs until the end of the war nearly a decade later.
>>>>It needed a world war for that.<<<<<
But wait, the Fed hiked only to ease? That’s right: in response to the second increase in reserves that March, Treasury Secretary Morgenthau was furious and argued that the Fed should offset the “panic” through open market operations to make net purchases of bonds. Also known now as QE. He ordered the Treasury into the market to purchase bonds itself.
Fed Chairman Eccles pushed back on Morgenthau urging him to balance the budget and raise tax rates to begin to retire debt.
How quaint: once upon a time the US actually had an independent Fed, not working on behalf of the banks, and pushing back on pressure to monetize debt and raise stock prices.
So is the imminent rate hike which guarantees the ghost of 1937 is about to wake up and lead to stock losses which could make the Lehman crash seem like a dress rehearsal just the precursor to QE4, as happened nearly 80 years ago? We don’t know, but neither does the manager of the world’s biggest hedge fund. This is what Ray Dalio says ahead of the upcoming rate hike:
… in our opinion, inadequate attention is being paid to the risks of a downturn in which central bankers’ abilities to ease are significantly impaired. Please understand that we are not sure of anything but, for the reasons explained, we do not want to have any concentrated bets, especially at this time.
What we do know that if the S&P is cut in half following the Fed’s upcoming “policy error” the Fed will launch not just QE4, but 5, 6 and so on, together with NIRP, resulting in every other central bank doing the same as global currency war goes nuclear, and the race to the final currency collapse enters its final lap.