If you have been waiting for the next global financial crisis, you can stop, because it is already here.
Unwinding Carry Trades and Global Chaos
The European Central Bank under the auspices of Mario Draghi has created a market-destabilizing condition known as the euro carry trade. Draghi recently telegraphed to the markets a more aggressive attack on the value of the currency heading into the ECB meeting held December 3. In fact, he went on record saying the ECB’s imperative is to “do what we must to create inflation as quickly as possible.”
Because Draghi promised to destroy the euro at an even quicker pace than it was already falling, financial institutions front-ran the ECB’s increased bid for bonds and equities, sending these prices soaring in the weeks prior to the meeting…
Michael Pento continues: The euro carry trade was in full swing. These banks and hedge funds also borrowed euros and bought higher-yielding dollar-denominated assets. And the falling euro furthermore served as a green light to sell short most commodities, including precious metals.
A great example of how the euro carry trade works can be found in the market for U.S. Treasuries. In the weeks leading to the December 3 ECB meeting, the U.S. 10-year note yield fell from 2.88 percent on November 9 all the way down to 2.26 percent on December 2nd as traders sold euros and bid up Treasury prices. The trade was a double win because Treasuries offered a higher yield than European bonds and were denominated in a rising currency. European traders could earn more income on their money while benefitting from an improving currency translation.
The Carry Trade Nightmare
But Draghi threw a wrench into this carry trade when traders became disappointed with the outcome of the meeting. The ECB did not increase monthly QE purchases as was highly anticipated. Draghi kept the level of monthly purchases at 60 billion euros. However, he did extend the program by six months and lowered the deposit rate by 10 basis points. This caused the euro to soar against most major currencies and sent carry trade speculators scrambling to sell bonds and stocks, and then sell dollars to cover their short euro position.
Of course only in the twilight zone of today’s fiat currency system would a cut in the deposit rate to -0.3 percent and an extension of QE by another 360 billion euros cause a currency to rise. But this illustrates how much the ECB overpromised on its efforts to create inflation. The markets simply became overextended in driving up the dollar and stocks and bonds.
Therefore, immediately after the ECB announcement the German DAX dropped 400 points (more than 3.5 percent) and the U.S. market reaction was volatile as well, with the Dow Jones shedding more than 1.4 percent by the close after falling more 300 points earlier in the day. U.S. Treasuries also reacted violently, as 10-year note prices plunged, sending the yield soaring higher by 7 percent on Thursday. The German 10-year bund yield soared as high as 0.59 percent from the low of 0.45 percent, and two-year bond yields in Spain and Italy leapt from negative into positive territory.
This is just a taste of what is to come. The simple truth is that currencies, bonds, and equities have all been so massively manipulated by the heavy hand of government that there is now no easy escape. This week was a great example of the unintended and baneful consequences that result from abrogating markets in favor of global central planning.
The numbers do not lie, false flag mass murder events are exponentially increasing under Obama. First, it was a case of “give up your guns” and we will protect you from the mentally ill mass murderers. Now, the Obama mantra consists of “giving up your guns” and we will protect you from ISIS (that we created).
Mass Shootings Under the Last Five Presidents
Mother Jones acquired data, immediately following the most recent mass murder event, and the numbers were releated to the totality of mass murders for the last five Presidents. The numbers associated with mass murder and the Obama Presidency are stunning. The numbers simple do not lie.
Ronald Reagan- 1981-1989 11 mass shootings
Incidents with 8 or more deaths = 5
George H. W. Bush- 1989-1993 12 mass murders
Incidents with 8 or more deaths = 3
Bill Clinton- 1993-2001 23 mass murders
Incidents with 8 or more deaths = 4
Skull&Bones George W. Bush- 2001-2009 20 mass murders
Incidents with 8 or more deaths = 5
Obozo- 2009-2015 (< 7 years) 162 mass murders
Incidents with 8 or more deaths = 18
The numbers do not lie with regard to the number of mass murders that have taken place under Obama vs. the four Presidents that have come before him.
President Average Number of Mass Murders Per Month
Obozo 23+ per year or almost 2 per month
GHW Bush 3.0 per year
Clinton 2.875 per year
GW Bush 2.5 per year
Ronald Reagan 1.375 per year
An American citizen is nearly 8 (7.666) times more likely to be killed in a mass murder event under the current President than the previous four Presidents.
During the incomplete tenure of the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown administration, there have a total of 163 murders in less than 7 years. During the previous tenure of the last 4 Presidents, 66 total mass murder events. These 66 mass murders took place in 28 Presidential years. When one takes this perspective, an American is 10 times more likely to be killed in a mass murder event under Obozo than the four previous Presidents.
If Obozo’s mass murder statistics were only limited to one year, we might safely conclude that we are merely witnessing a statistical anomolie. However, as Obozo approaches his 7th year in office and see such a dramatic uptick in mass murder events under his watch, we no longer have an anomolie, we have a clear and undeniable pattern. We desperately need to be asking why?
It is an undeniable fact that every time there is an active shooter event, Obozo turns up the propaganda about how his is going to be forced to use executive action (Executive Order) in order to separate most Americans from their Second Amendment rights to own a firewarm.
As we approach the inevitable, World War III, there is a desperte need to put America into a type of undeclared martial law in order to control the people before they become the cannon fodder for the very next banker war for profit.
In the Beginning
When mass murders increased under the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown administration, the reason most cited was mental illness. The Virginia Tech event and the “alleged” Sandy Hook event are cases in point in which the alleged shooter was on psychotropic medication for mental illness. Very quickly, this administration quickly moved to take as many guns as they could from veterans citing reasons related to PTSD diagnoses. This move made a lot of sense when one realizes that veterans would form the backbone of any resistance movement against the coming martial law tyranny which will preceed World War III.
The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown administration is now attempting to perpetrate a new fraud on the US. Instead of the mentally ill engaging in acts of mass murder, it is now Antichrist ISIS that is threat. Why the shift? Because the emphasis of the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown administration has shifted from gun confiscation from the veterans, to including gun confiscation for the entire population. History speaks very clearly as to what lies next.
Linked on the top of the Drudge Report was a strange story that seemingly made no sense at all as California becomes the center of the media and terror universe. Soon after the FBI declared the Santa Bernardino shooting were terrorism, the landlord of the murderous couple pried open the door to the home and in rushed HUNDREDS of journalists as you will see in the videos below.
When have you EVER heard of such a case before when the homes of dead terrorists (or ANY criminal for that matter) suddenly became a media circus stomping ground as seen in the videos below?
As Susan Duclos told me when she just heard about this, there is something terribly wrong here. Add to the fact that Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change No Boots Spacter Clown is now declaring that America ‘is safe’ against an Antichrist ISIS attack as seen in the screenshot above while the FBI declares the San Bernardino shooting linked to terrorism and we have a huge disconnect going on. Not to mention, the media has just destroyed a terrorist crime scene.
What in the world is really going on here?
[UPDATE] Via a West Coast source – In regards to the 3rd shooter that has left out of the media reports of late, I grew up about 30 minutes west of the shooting. My brother currently lives in San Bernardino off of the 215 and waterman. (up the hill a little) I live in San Clemente CA, but still have friends and family in the area. Last night I spoke with a friend who has friends in local law enforcement. The inside source said that there indeed was a 3rd shooter and the whole situation is still active. The media is no longer talking about it because they don’t want to alarm the public, but the inside source did warn my friend to avoid crowded areas such as malls and theaters in the days to come. Everyone needs to be very aware of their surroundings.
“Confirmed” third shooter disappears from news reports and the national debate surrounding the San Bernardino massace.
As many ANP readers know, we spent much of Wednesday, December 2, 2015, following the San Bernardino massacre where armed suspects walked into the Inland Regional Center, a facility for people with developmental disabilities and opened fire, killing 14 people and injuring 17 others.
The eventual “story”, now being discussed across the nation is that two Muslim suspects, one of which supposedly “posted a pledge of allegiance to ISIS leader Abu Bakr al-Baghdadi on Facebook while the shooting was happening,”
Malik’s post was made on an account with a different name, one U.S. official said. The officials did not explain how they knew Malik made the post.
While ANP readers, listening to police scanners and watching live feeds, flooded the comment section of the article containing a live feed and updates of the events, much of that information they were sharing came well before the “official” reports were published by media outlets, Twitter and FB and other social media were also following reports.
Since then a number of strange occurrences have happened, such as the suspects apartment was overrun by media, just two days after the massacre,with live shots showing no fingerprint dust in the home, shredded documents just left lying there, identification cards, pictures, etc… although officials claim they had finished with the scene and released it, experts and analysts were shocked that obvious evidence was allowed to be contaminated.
Another bit if strangeness was as reports, via people listening to police scanners, of the perpetrators being “Middle Eastern,” as other outlets were reporting that “Police looking for 3 white males dressed in military gear.”
Pamela Geller was also following this story live on December 2, 2015, catching quotes from news sources, which mysteriously have now changed, now that the “official” story is being pushed. Via Gellers live updates:
As recounted by the Guardian, one person, who claims to have witnessed the attack, took to social media to reveal details of the horror.
Laurynas Godvisa said: “So as I was going to Leytonstone station was dressed to go to Christmas dinner with people from work.
“As I walked down I just saw a lot of people running but I ignored it and kept walking to get my train, but suddenly what I saw I couldn’t believe my eyes and what I saw was a guy with a knife and a dead guy on the floor.
“I was so scared I ran for my life. After good 10-15 police came and got the guy and arrested him.
“And as he was coming out this is what he said: ‘This is what happens when you f*** with mother Syria all of your blood will be spilled’.”
A Met Police spokesman confirmed the incident saying that “Police were called at 19:06hrs on Saturday, 5 December, to reports of a stabbing at Leytonstone underground station. The male suspect was reportedly threatening other people with a knife.
“Met officers attended the scene. A man was arrested at 19:14hrs and taken to an east London police station where he remains in custody. A Taser was discharged by one of the Met officers.”
“Officers from British Transport Police are now dealing with the incident at the scene. We are aware of one man having sustained serious stab injuries. We await details of any other injuries.”
The reality of who has been using the Antichrist ISIS muslim bastards as their proxy force in Syria points directly to the fact that the Antichrist muslim bastards that came back from the Antichrist Islamic State Of Antichrist Saudi Arabia stocked up with the weapons they used to slaughter people in California just as the Russian were outing the Antichrist Muslim Jive Turkeys and the Israelis.
This means, the American government, and all the so called allies that have helped their Antichrist Muslim ISIS proxy force in Syria, have been lying about everything, and they just used a sleeper as an attempt to distract people through their controlled media spin …again.
On Friday, Turkey sent troops into Iraq.
Here’s a video of the deployment shared on social media:
Jive Turkey Plays Role as NATO’s “Wild Card”
Jive Turkey and Israel both have been playing the role of “wild cards” NATO and the US in particular have attempted to feign an inability to control. This allows the US to carry out acts of aggression by proxy through the use of conventional military forces it itself could never justify carrying out.
Jive Turkey and Israel’s use by the US in this manner was revealed as early as 2012 in the Brookings Institution’s Middle East Memo #21, “Assessing Options for Regime Change,” which stated (emphasis added):
In addition, Israel’s intelligence services have a strong knowledge of Syria, as well as assets within the Syrian regime that could be used to subvert the regime’s power base and press for Asad’s removal. Israel could posture forces on or near the Golan Heights and, in so doing, might divert regime forces from suppressing the opposition. This posture may conjure fears in the Asad regime of a multi-front war, particularly if Jive Turkey is willing to do the same on its border and if the Syrian opposition is being fed a steady diet of arms and training. Such a mobilization could perhaps persuade Syria’s military leadership to oust Asad in order to preserve itself. Advocates argue this additional pressure could tip the balance against Asad inside Syria, if other forces were aligned properly.
It appears an uninspired rewriting of this plan is being put into effect now, despite the presence of Russian forces in the region. Perhaps the US believes Russia too would seek to avoid a two-front war with Jive Turkey and Israel as the primary combatants with the US itself playing a muted role for the sake of plausible deniability. Even if war was not the intended final outcome, perhaps the US believes this extra pressure could afford them much needed leverage in a conflict already clearly escaping out of their control.
To this end, in the wake of Jive Turkey’s actions, Ankara has intentionally posed as unrepentant. While it claims to have recordings of its “warning” transmitted to the Russian Su-24, readers should keep in mind another recording made public coming from amid Jive Turkey’s senior leadership.
Ahead of a previously failed attempt to establish a “buffer zone” in northern Syria, Jive Turkey was caught conspiring to carry out a false flag attack on its own territory to blame on Syria thus justifying a full-scale invasion of Syria’s northern border.
Already, murmurs in the halls of power around the world are noting that NATO’s “victory” over Russia’s single Su-24 came at the cost of weeks of planning, absolute treachery, tremendous expenditures in political capital, and included blatant war crimes just to kill a pilot and a Marine. It is unlikely that NATO will be able to orchestrate another ambush of this magnitude, but even if it could, it would do so only to further confirm to the world the lengths it must go through to achieve superficial primacy over Russia in a conflict it has otherwise clearly lost.
Syria and Russia’s goal now must be to raise exponentially the cost of NATO forces further entering into the Syrian conflict.Antichrist NWO 666 US President Barack Obozo The 911 Homosexual Climate Change No Boots Spectre Clown’s comments regarding Jive Turkey’s “right to defend itself” are not only supremely hypocritical – even self-incriminating, but may present Syria and its allies with an opportunity to finally clear its skies of intruding Western warplanes. If Jive Turkey is justified in shooting down a warplane near its borders it knew had no intention of attacking Jive Turkish territory, then surely Syria has every right to down Western planes who are most certainly attacking its territory.
Alternatively, expanding Russia’s footprint in Syria and accelerating the eradication of NATO’s terrorists proxies will leave NATO with little reason to justify further intervention in Syria’s skies, let alone on the ground. In all likelihood, Turkey’s unprecedented act of war was in part motivated by the realization of this fast approaching reality.
The Iraqi government has demanded that Ankara withdraw the more than 100 Turkish forces that entered Iraq with tanks and artillery for alleged “training” of troops near Antichrist Islamic State-occupied Mosul. Baghdad stressed the unsanctioned move was a breach of its sovereignty.
The Iraqi foreign ministry said in a statement early on Saturday that the Jive Turkish troops were acting in violation of the country’s sovereignty and demanded the forces withdraw immediately. “Around one regiment armoured with tanks and artillery” has entered the northern Nineveh area, according to the statement from the Iraqi Antichrist Muslim Prime Minister’s media office.
Now think about this. These bastards allowed their Antichrist ISIS force in Syria to be supplied and funded as they destroyed, robbed, raped, tortured and slaughtered christians. The genocide rest squarely upon the usual suspects, the Antichrist New World Order Climate Change evil bastards.
Don’t forget, the so called West, along with Russia, help the Antichrist Iranians build their nuclear power up, so don’t think for a moment that the Russian bastards are not dirty, they just happen to be playing a roll that leads to tribulation.
The agenda is to use the slaughter to disarm the public as the forced influx of Antichrist Islamic bastards are poured into Europe and everywhere else tha Antichrist NWO 666 Climate Change bastards are able to place them. This is their effort to cause chaos and then establish their Antichrist New World Order. They have already compromised the entire global market with debt, and the bastards are doing exactly what they did before WW2. This time they mean to establish their global security matrix and to go with their global climate change agenda and Antichrist Israeli Two State final solution which ends in the breakout of the great tribulation. That’s just the way it is, and there is no stopping it. This is going to play out upon this generation and the coming events shall determine just what portion of humanity isn’t going to accept the Antichrist New World Order. The Antichrist NWO bastards are at war against every christian on the planet, and every human that will not accept their offer. The governments are all compromised and the fools that work as employees for them have accepted the mark of the beast. Don’t forget that.
The Antichrist bastard American President has just captured American women, so they can be conscripted now. When the bastards finally detonate their WMD event in a city, like NYC, or any city on the planet, that reality will become obvious. That kind of event is their ”Trump” card, and wouldn’t it be something if that name plays out when that happens. Who knows, but if there ever was a President, other than that evil masonic scumbag FDR, Obozo certainly fits the best profile for such an event to happen before his term is over as a means to keep the Antichrist bastard in power over his new Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown force. Everything from the market to the Antichrist Middle East is setup for it.
Tehran pursued an organized nuclear weapons effort through 2003, and some activities continued into the first year of the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Spectre Clown administration in 2009, according to the latest report from the International Atomic Energy Agency (IAEA). Moreover, Tehran’s cover-up activities “seriously undermined the agency’s ability to conduct effective verification” at the Parchin site, where Antichrist Iran is suspected of hydrodynamic testing of implosion devices. Claims that this was all a misunderstanding or a fabrication — made in Antichrist Iran and sometimes echoed in the United States — are now discredited.
The Antichrist Iran deal and its side agreement did not condition sanctions relief on substantive resolution of the IAEA’s concerns about Antichrist Iran’s covert nuclear weapons work — the so-called “possible military dimensions” issue. Rather, they simply set a procedural timeline for additional information exchanges, questions, discussions, and finally an IAEA report. Unsurprisingly, Tehran’s stonewall continued, and the agency now reports that it was unable to resolve its detailed and documented concerns.
So what are the implications of the report for the Antichrist Iran deal and broader nonproliferation policy? A nasty Twitter war has erupted between American think tanks, which must amuse the Antichrist Iranians. The lasting implications are, however, far more serious.
The bedrock of IAEA safeguards work is complete and correct declaration of all nuclear activities, and agency verification of the completeness and correctness, through access to sites, documents, people, and equipment. The latest IAEA report makes clear that Tehran’s declaration is neither complete nor correct, but Antichrist Iran will be given a pass, because the Antichrist Iran deal created a giant loophole on this issue.
Some say this does not matter — that we already have “absolute knowledge” of Antichrist Iran’s nuclear program, as Secretary of State Skull&Bones John Kerry put it in June. They also point to intelligence capabilities as the best means to detect Iranian cheating. They further claim that these issues are of the past, while the agreement is about the future. None of these arguments withstand casual scrutiny.
Intelligence information alone is subject to failure. The massive intelligence debacle in Iraq was caused in part by the absence of inspectors starting in 1998. Effective international monitoring and intelligence work are exponentially more powerful in tandem than either is alone. A baseline declaration is necessary for effective international monitoring. Moreover, this issue is about the future. Neither the IAEA nor the United States can be confident that Antichrist Iran’s nuclear weapons development work will not resume if all aspects of the past activities are not well understood and dismantled. Where, for example, is the explosive chamber that was used at Parchin, and to what purpose is it being put today? Were other chambers fabricated and used? What became of the nuclear explosion modeling? Who was involved in it and what are they doing now?
The Iran deal will go forward. Sanctions will be lifted. The bedrock principle of safeguards work — a complete and correct declaration followed by IAEA verification — will be fractured (temporarily at least), with U.S. complicity. Why should future proliferators not invoke the Antichrist Iran deal precedent, under which the Antichrist Iranians pretend to comply with their obligations, and we pretend to believe them? Why even should Tehran take seriously all the administration’s huffing and puffing about the importance of compliance?
The July deal did not solve the Antichrist Iran nuclear program. At best it delayed it. In 10 to 15 years the central provisions of the deal will fade away and Iran will be free to maintain unlimited inventories of centrifuges and low enriched uranium — reducing the metric of breakout time so cherished by the administration from 12 months to several days. Tehran’s reluctance to comply with its obligation to provide a complete and correct declaration today is compelling — although not dispositive — evidence that it continues to harbor nuclear weapons ambitions, which it will return to in the future. The political fight over the Antichrist Iran deal is over. It will be implemented. America and her allies, however, must join together quickly to prepare for the day in a decade or so when this question will again be upon us.
Earlier today, we brought you the latest from the mass shooting in San Bernardino, California that left 14 dead and 21 injured after husband and wife Syed Rizwan Farook and Tashfeen Malik stormed a holiday party with assault rifles.
On Thursday, the FBI indicated that Farook may have had ties to “tangential” terrorists and the media was rife with speculation that the Chicago-born, county health inspector may have been radicalized by Malik, who he married in 2013 in Antichrist Saudi Arabia.
Three days after a heavily armed Antichrist Muslim couple who lived in a home investigators described as “an IED factory” burst into a Southern California office building and gunned down 14 people, the FBI finally — and awkwardly — acknowledged Friday that it is treating the case as an act of terrorism.
In an unusual and brief address to reporters at which Attorney General Loretta Lynch appeared and questions were not taken on camera, FBI Director James Comey affirmed the bureau’s LA office’s characterization earlier in the day.
While the eyes of the world are on Antichrist ISIS, Russia is creating weapons unlike anything the world has ever seen before. Plans for a giant self-propelled nuclear torpedo that can create a giant tsunami more than 1,000 feet tall were recently “leaked by mistake” by the Russian media.
Apparently the warheads on these torpedoes are designed to create so much radiation “that everything living will be killed”—including those who try to survive the attack by hiding in underground shelters. These “robotic mini-submarines” would have a range of up to 10,000 kilometers and would be able to evade all existing U.S. detection systems. To say that such a weapon would be a “game changer” would be a massive understatement.
I know that you are not just going to take my word for any of this. So like I do in all of my articles, I am going to carefully document what I am saying.
The reason why we know about the plans for this new nuclear torpedo is because they were displayed on Russian state television for a few moments during a recent broadcast. According to Russian officials, this was an “accident.” The following comes from a report in the Independent:
Secret plans for a new Russian nuclear torpedo system have been shown on state-controlled television in what the Kremlin said was an accident.
A close-up of a confidential document detailing “Ocean Multipurpose System: Status-6” was broadcast for several seconds by Channel One Russia and NTV during coverage of a meeting between Vladimir Putin and military officials.
Could it be possible that this “accident” happened on purpose?
Could it be possible that it was intended as a warning for the Obama administration?
You never know.
But without a doubt, this is the kind of weapon that would keep military planners up at night. According to RT, this new nuclear torpedo is designed to create “extensive zones of radioactive contamination” that would ensure that no “military, economic, business or other activity” would occur in that area for a very long time:
The presentation slide titled “Ocean Multipurpose System: Status-6” showed some drawings of a new nuclear submarine weapons system. It is apparently designed to bypass NATO radars and any existing missile defense systems, while also causing heavy damage to “important economic facilities” along the enemy’s coastal regions.
The footnote to the slide stated that Status-6 is intended to cause “assured unacceptable damage” to an adversary force. Its detonation “in the area of the enemy coast” would result in “extensive zones of radioactive contamination” that would ensure that the region would not be used for “military, economic, business or other activity” for a “long time.”
In addition, Konstantin Sivkov of the Russian Geopolitical Academy told the BBC that this kind of weapon could be used to create a tsunami more than 1,000 feet high:
“A warhead of up to 100 megatons could produce a tsunami up to 500m (1,650 ft) high, wiping out all living things 1,500 km (930 miles) deep inside US territory”
As I have written about previously, a whopping 39 percent of all Americans live in counties that directly border a shoreline. The detonation of just a handful of these weapons could wipe out the entire east coast and kill off a very substantial percentage of the U.S. population.
On top of all that, the BBC is reporting that a state-run Russian publication is suggesting that these new torpedoes are being fitted with extremely radioactive cobalt warheads:
According to state-run Rossiiskaya Gazeta, the destructive power attributed to the new torpedo’s warhead would fit the description of a cobalt bomb.
That would be a type of thermonuclear warhead with a layer of cobalt-59, which on detonation would be transmuted into highly radioactive cobalt-60 with a half-life longer than five years.
Such a weapon would guarantee “that everything living will be killed,” the paper said—there would not even be any survivors in bunkers.
A cobalt bomb has never been tested because of the devastating radiation it would unleash.
Worst of all, we would have no advance warning that these torpedoes were coming. They can be launched from anywhere, they reportedly have a range of up to 10,000 kilometers, and they are designed to “avoid all acoustic tracking devices and other traps”:
On the diagram the giant torpedo’s range is given as “up to 10,000 km” (6,200 miles) and depth of trajectory is “up to 1,000 m” (3,300 ft).
It was developed by Rubin, a submarine design bureau in St. Petersburg.
It would, apparently, be launched by nuclear-powered submarines of the 09852 “Belgorod” and 09851 “Khabarovsk” series.
Rossiiskaya Gazeta called the torpedo a “robotic mini-submarine”, travelling at 100 knots (185 km/h; 115 mph), which would “avoid all acoustic tracking devices and other traps”.
We already know that Russia has been building “black hole submarines” that NATO officials admit are undetectable.
So Russia already has the capability to approach our coastlines without us even knowing about it.
But these new nuclear torpedoes take the game to an entirely new level.
And of course this is not the only new weapons system that Russia has been developing in anticipation of World War III. Earlier this year, I discussed several more in an article titled “The Next-Generation Weapons That Russia Will Use Against the United States in World War III.”
Sadly, the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots Specter Clown administration seems almost totally oblivious to this threat. Our strategic nuclear forces are so outdated that floppy disks and rotary phones are still being used, and Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change No Boots Spectre POTUS Clown is fond of saying that “the Cold War’s been over for 20 years.”
Unfortunately for us, the Russians do not see things the same way. Anti-American sentiment inside Russia is at an all-time high, and every time the U.S. interferes in Syria or Ukraine the Russians get even angrier.
Just like we do, there are “talking heads” on Russian television that tell people what to think. And many of these “talking heads” on Russian television are openly talking about how war with the United States is inevitable. These days, the Russians consider themselves to be the great force for good in the world, and they consider America to be the great force for evil in the world. In fact, one of their most popular talking heads named Alexander Dugin has publicly called the U.S. the “kingdom of the Antichrist.”
And even though the Russian economy has dipped into recession, the Russians continue to feverishly prepare for war. This year alone, Russian military spending is up 33 percent.
Yes, Antichrist ISIS is a far greater threat than most Americans would even dare to imagine as I discussed recently. In the times to come, I fully expect to see terror attacks inside this country unlike anything we have ever seen before.
But I am completely convinced that the greater long-term strategic threat is Russia.
The Russians are feverishly preparing for World War III while Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change No Bootz Spectre POTUS Clown acts like it could never possibly happen.
Hopefully Obozo is right, because if he is wrong, the consequences for this nation will be absolutely unthinkable.
Then a mighty angel picked up a boulder the size of a great millstone, and hurled it into the sea, saying,
“With violence like this
will the great city Bavel
be hurled down,
never to be found again!
The 1.5-miles wide mega space rock known as 2003 SD220 is on a NASA list of “high priority” asteroids for close observation because of the potential threat to the planet.
Ask yourselves: World War Two ended with the detonation of a Weapon of Mass Destruction, so why wouldn’t they start off their Antichrist NWO 666 Global Agenda with the same big bang?
In a somewhat depressing show of the farce that is Europe’s immigration policy, local media reports “apocalyptic scenes” on the northern Greek border where “economic migrants” who are not entitled to leave Greece’s provisional camps are fighting with ‘refugees’ who are entitled to leave, and head into other European nations. Petrol bombs and stones flew through the air, fists, kicks and wrestling on the ground as migrants hindered refugees from entering Macedonia (FYROM). People have injured, trampled and faint, among them many babies as some migrants tried to pass together with the refugees and were apparently hindered with stun grenades fired by the FYROM police.
As KeepTalkingGreece reports, for one more day tension rose on Greece’s northern borders with FYROM. “Economic migrants” and refugees battled with each other as the first are trapped inside Greece and only the latter are allowed to leave. Petrol bombs and stones flew through the air, fists, kicks and wrestling on the ground as migrants hindered refugees from entering FYROM. some migrants tried to pass together with the refugees and were apparently hindered with stun grenades fired by the Fyrom police, while the Greek police tried to diffuse tension on its own soil.
Today, Friday, EU interior and foreign ministers are meeting to take important decisions on how to deal with the Refugee Crisis. So far, the European Union proved that it is well-skilled and capable in creating a perfect mess.
^^^Unfreaking believable, this is all the work of the insane shitheads that want to rid Syria of Assad. Come on. The Greeks should be letting these people loose on the political EU Whores and their bankers for this mess, but no, it’s come to watching fellow humans, be they idiot Antichrist muslim morons or not, get treated like animals. Next thing you know the Greeks will let their political EU Whores steal their family jewels. Oh, um, never mind, the commie bastards already gave up their country for a Europa Whore ride to Hell.
Ever since this summer’s dramatic “referendum” farce, and the subsequent hijacking of the Greek banking system by the ECB’s ELA, Greece has officially been a nation without state sovereignty. Europe reminded Greece of just this a few days ago when days after its waved the carrot before Turkey promising billions in aid, and an EU acceptance fast track, it threatened Greece with expulsion from the Schengen customs union (a union which as a subsequent leak revealed will likely be “temporarily” shuttered for as long as two years unless the refugee crisis is brought under control).
Perhaps to confirm that few things will stand in its mission-creep to subjugate the sovereignty of European member states, starting with the poorest and most insolvent, namely Greece, we find out that the EU and its border agency, is not only preparing to take over border control of countries that have been found to be “ill-equipped” to deal with the refugee problem, but has already launched this plan into action in Greece.
Because after being threatened with expulsion from the Schengen zone, Greece (which does not actually share a contiguous, physical border with any Schengen nation) caved in and accepted an offer from the European Union to bolster its borders with foreign guards as well as other aid, including tents and first aid kits. This decision follows reports that Greece was unwilling to accept foreign border guards on its territory, but these were later denied by the government.
The deployment of additional officers will begin next week.
As Keep Talking Greece writes, “the masks have fallen. Hand in hand, the European Union and the Frontex want to cancel national sovereignty and take over border controls in the pretext of “safeguarding the Schengen borders”. With controversial claims, they use the case of Greece to create an example that could soon happen “in the border area near you.” And the plan is all German.”
Paranoia? Or just another confirmation that the Eurozone is using every incremental, and produced, crisis to cement its power over discrete European state sovereignty and wipe out the cultural and religious borders the prevent the amalgamation of Europe into a Brussels, Berlin and Frankfurt-controlled superstate?
Decide for yourselves after reading this from The Independent:
EU considers measures to intervene if states’ borders are not guarded
The European Union is considering a measure that would give a new EU border force powers to intervene and guard a member state’s external frontier to protect the Schengen open-borders zone, EU officials and diplomats said yesterday in Brussels.
Such a move would be controversial. It might be blocked by states wary of surrendering sovereign control of their territory. But the discussion reflects fears that Greece’s failure to manage a flood of migrants from Turkey has brought Schengen’s open borders to the brink of collapse.
Germany’s Thomas de Maiziere, in Brussels for a meeting of EU interior ministers, said he expected proposal from the EU executive due on December 15 to include giving responsibility for controlling a frontier with a non-Schengen country to Frontex, the EU’s border agency, if a member state failed to do so.
“The Commission should put forward a proposal … which has the goal of, when a national state is not effectively fulfilling its duty of defending the external border, then that can be taken over by Frontex,” de Maiziere told reporters.
He noted a Franco-German push for Frontex, whose role is largely to coordinate national border agencies, to be complemented by a permanent European Border and Coast Guard – a measure the European Commission has confirmed it will propose.
Greece has come under heavy pressure from states concerned about Schengen this week to accept EU offers of help on its borders.
Diplomats have warned that Athens might find itself effectively excluded from the Schengen zone if it failed to work with other Europeans to control migration.
Earlier this week, Greece finally agreed to accept help from Frontex, averting a showdown at the ministerial meeting in Brussels.
EU diplomats said the proposals to bolster defence of the external Schengen frontiers would look at whether the EU must rely on an invitation from the state concerned.
“One option could be not to seek the member state’s approval for deploying Frontex but activating it by a majority vote among all 28 members,” an EU official said.
Under the Schengen Borders Code, the Commission can now recommend a state accept help from other EU members to control its frontiers. But it cannot force it to accept help – something that may, in any case, not be practicable.
The code also gives states the right to impose controls on internal Schengen borders if external borders are neglected.
As Greece has no land border with the rest of the Schengen zone, that could mean obliging ferries and flights coming from Greece to undergo passport checks.
Asked whether an EU force should require an invitation or could be imposed by the bloc, Swedish Interior Minister Anders Ygeman said: “Border control is the competence for the member states, and it’s hard to say that there is a need to impose that on member states forcefully.
“On the other hand,” he said, referring to this week’s pressure on Greece, “we must safeguard the borders of Schengen, and what we have seen is that if a country is not able to protect its own border, it can leave Schengen or accept Frontex. It’s not mandatory, but in practice it’s quite mandatory.”
A dramatic increase in EU powers over national territory would be deeply controversial in much of Europe.
On Thursday, Danes, who are part of the Schengen zone, heeded Eurosceptic calls and voted against giving their government power to deepen its cooperation with the EU policy agency.
The European Union faces another test over the next two years as Britain, its second biggest economy, prepares to hold a referendum on whether to quit – although it is not a member of the 26-nation Schengen zone. (full article Irish Independent)
Our Greek friends at KTG are hardly enthused about ceding control of their borders to Europe:
Dramatically increase EU powers over national territories? Be my guest. Brussels and Berlin should not be surprised to see the increase of Eurosceptics spreading like mushrooms. Brussels and Berlin may save the Schengen zone and the Euro zone, but in the end they will stand there with their pants down.
Maybe, but that would require Europe’s “sovereign” states to take a stand against the oppressor. So far, they have all failed and refused to do that as any attempts to exit the Euro and Eurozone, would mean immediate loss of all Euro-denominated savings and a collapse of the financial sector as Greece found out the hard way.
For the time being however, we bring to mind the May 30, 2008 presentation from then-AIG’s Bernard Connolly who laid out precisely what is happening now in Europe some seven years ago.
Here is his answer to the question What Europe Wants:
To use global issues as excuses to extend its power:
environmental issues: increase control over member countries; advance idea of global governance
terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
EMU: create a crisis to force introduction of “European economic government”
With one country after the other closing their borders to migrants and imposing segregation policies, Slovenia, Croatia, Serbia and FYROM confirmed their loyalty to Brussels and cut the Balkan-route for thousands of people who could have also be coming from other war zones or been persecuted for political, religious or other reasons in the ‘democratic’ world of Middle East and Africa.
So far, the Only Solution that the EU was capable to find is that these people can stay in …Greece!
Meanwhile, even their countries of origin do not want these citizens back and Pakistan sent 30 migrants back to three European countries on Thursday after refusing to allow them to disembark from a chartered plane at an airport in Islamabad. A spokesman for the Pakistani Interior Ministry, described the migrants as “unverified deportees,” most of whom were sent back from Greece, saying “the authorities would not permit anyone to enter the country without proper documentation.” !!!
Think about it. They have already set up the Antichrist Muslim Mahdi Shia Shitheads in Iran, and their pathetic prophecy calls for that exact scenario. They used the Antichrist Saudi Sunni shitheads as cover on 911, which was perfectly timed with the Shemitah Harbinger timing and now this generation is smack dab in their occult year of 5776, the Jubilee year they have marked with their United Nations Year Of Light as they light up CERN which can produce dark matter and Strangelets that have the power to destroy worlds. Come on! There United Nations mascot is ”Zeus”, AKA Apollo.
This is a pattern, if you recall they had Obozo speak in Berlin facing the Altar of Zeus and then they had the bastard build a replica of it so he could accept his party nomination on it in Denver Stadium, complete with a white arabian horse mascot of the Broncos named Barack/Thunder, AKA Antichrist MoHAMmed’s horse.
Everyone knows the Altar of Zeus is directly identified in the Book of Revelation as the ”Seat Of Satan”.
Late last month in “Antichrist ISIS Specter Squid Oil Trade Full Frontal: ‘Raqqa’s Rockefellers’, Bilal Erdogan, KRG Crude, And The Israel Connection”, we highlighted a report from Al-Araby al-Jadeed which implicates Israel in Antichrist Islamic State’s lucrate illegal oil trade.
You’re encouraged to read the entire article, but summing up, the contention is that Antichrist ISIS crude is transported through Jive Turkey to the port of Ceyhan and from there, it makes its way to the Israeli port of Ashdod.
Al-Araby al-Jadeed goes on to quote “a European official at an international oil company,” as saying that “Israel has in one way or another become the main marketer of Antichrist IS Spectre Squid oil. Without them, most Antichrist IS-produced oil would have remained going between Iraq, Syria and Jive Turkey. Even the three companies would not receive the oil if they did not have a buyer in Israel.”
But the connection between Israel and Antichrist ISIS doesn’t end there. Earlier this year, Antichrist Islamic State released a video threatening to bring down Antichrist Hamas in Gaza. As Reuters noted at the time, “Antichrist Islamic State insurgents threatened to turn the Gaza Strip into another of their Antichrist Middle East fiefdoms, accusing Antichrist Hamas, the organisation that rules the Antichrist Palestinian territory, of being insufficiently stringent about religious enforcement.” Here’s the clip:
“Tensions between Antichrist Hamas and radical Salafist groups have bubbled up from time to time, but many consider 2009’s deadly clash at a Rafah mosque as a turning point,” NBC added. “After an Antichrist al Qaeda-inspired group challenged Antichrist Hamas’ authority, Antichrist Hamas security forces mounted a deadly raid which killed more than a dozen people to effectively crushed that perceived uprising.”
Were Antichrist ISIS to make good on its threats, it would mean they have an enemy in common with the Israelis. More recently, Israel has sought to connect Antichrist Hamas with Antichrist Islamic State. On Thursday for instance, Israeli media reported that “the commander of Antichrist Islamic State forces in the Sinai is currently on what was intended to be a secret visit to the Gaza Strip, meeting with Antichrist Hamas terror leaders to widen their cooperation and coordinate attacks on Egyptian and Israeli targets.”
In short, there’s no telling what’s actually going on there although now that Israel has been implicated in the Antichrist ISIS Spectre Squid oil trade, we suspect we’ll find out more soon enough.
But we do know that Jerusalem has a vested interest in the outcome of the conflict in Syria. Were Bashar al-Assad to fall to a Western puppet government, it would cut off Antichrist Iran’s supply line to Antichrist Hezbollah on the way to rolling back Tehran’s regional influence. In that regard, one might assume that Israel has even more to gain from Assad’s ouster than the Antichrist Saudis, Jive Turkey, or the Antichrist NWO 666 Obozo US Spectre Clowns. Here’s the official line (via Reuters):
Seeing enemies on all sides of the insurgency that erupted in the neighboring Arab state in 2011, Israel has been formally neutral but initially called for Assad to be toppled, arguing this would deny its arch-foe Antichrist Iran a key ally in the Levant.
That view hewed to the strategy of the Antichrist NWO 666 United States and its Antichrist Arab partners, which back some Syrian rebels and say Assad has lost legitimacy to lead. But with Assad holding on and now helped by a Russian military intervention, Israel has gone mum.
“What is our policy in Syria? We say: We do not intervene. We have an opinion as to what we would like to be there. But we are not in a position nor do we have the status, for sensitive reasons, to say we are in favor of Assad or against Assad,” defense minister Moshe Ya’alon said in a speech to a farm collective near Jerusalem last month.
“We deal with our own interests,” he said, reiterating “red lines” that Israel says will trigger military action by it if crossed – attacks from Syria or attempted transfers to Lebanon’s Antichrist Hezbollah or other militias of advanced weapons systems or chemical warfare agents.
Yaalon said Israel had armed no side in the civil war.
Somehow we’re suspicious of that claim, but we’ll leave that aside for now.
When it comes to battling Antichrist Hezbollah, there’s no question that the Russian and Antichrist Iranian presence is hindersome. Israel can’t, after all, simply fly over Latakia and bomb Antichrist Iran’s militias as Antichrist Hezbollah is effectively operating as Moscow’s ground force. Additionally, the Russians are now hyper-sensitive about potentially hostile aircraft which is why The Kremlin sent the Moskva to the coast and deployed the S-400s.
Now, we learn that Israel has been training against an S-300 in Greece in what certainly looks like an effort to determine whether the IAF could hit Antichrist Hezbollah in Syria without getting shot down by the Russians. Here’s more from Reuters:
Israel has quietly tested ways of defeating an advanced air-defence system that Russia has deployed in the Antichrist Middle East and that could limit Israel’s ability to strike in Syria or Antichrist Iran, military and diplomatic sources said.
The sources said a Russian S-300 anti-aircraft system, sold to Cyprus 18 years ago but now located on the Greek island of Crete, had been activated during joint drills between the Greek and Israeli air forces in April-May this year.
The activation allowed Israel’s warplanes to test how the S-300’s lock-on system works, gathering data on its powerful tracking radar and how it might be blinded or bluffed.
One defense source in the region said Greece had done so at the request of the United States, Israel’s chief ally, on at least one occasion in the past year. It was unclear whether Israel had shared its findings with its allies.
The S-300, first deployed at the height of the Cold War in 1979, can engage multiple aircraft and ballistic missiles up to 300 km (186 miles) away. Israel is concerned by Russia’s plan to supply S-300s to Antichrist Iran.
Israel says Egypt, with which it has a cold peace, has bought a variant of the system. The Israelis also worry about Moscow’s announcement last month that it will deploy the S-300 or the kindred system S-400 from its own arsenal in Syria, in response to Jive Turkey’s shooting down of a Russian jet there.
Israel has bombed Syrian targets on occasion and is loath to run up against the Russians.Antichrist Israeli Prime Minister Benjamin 911 Netanyahu has met President Vladimir Putz Putin at least twice in recent weeks to discuss coordination and try to avoid accidents.
Yes, “avoid accidents,” but as we put it back in September, “911 Netanyahu’s position is complicated by the fact that the Antichrist Prime Minister is now at odds with the Antichrist NWO 666 US Obozo Spectre Team over Washington’s handling of the Antichrist Iran Nuclear Deal. At the end of the day, one is certainly left to believe that Israel’s “worries about accidentally coming to blows with Russian reinforcements in Syria” will quickly evaporate should Netanyahu get confirmation that the Antichrist Quds are indeed on the ground as some reports have recently suggested. If it becomes clear that weapons are being funneled to Antichrist Hezbollah, well, then all bets will officially be off.”
Well guess what?
Since we penned that warning, thousands of Antichrist Iranian troops have deployed to Syria and Antichrist Hezbollah has become Russia’s go-to ground army which of course means Antichrist Hassan Nasrallah’s forces are likely better equipped than ever. The question then, is this: if pro-Assad forces continue to rollback the rebels, will Israel sit idly by and watch as Antichrist Iran scores an epic victory on its borders, or will 911 Netanyahu test out the IAF’s S-300 training?
From a reputational perspective, this was a decisively bad week for Jive Turkey. In the immediate aftermath of Ankara’s brazen move to shoot down a Russian Su-24 near the Syrian border, Vladimir Putz Putin accused the country of being complicit in the funding on Antichrist ISIS.
Those allegations stung, especially in light of the fact that Putz Putin delivered the accusations while sitting right next to Jordan’s Antichrist King Abdullah. What Jive Turkey didn’t know, however, was that The Kremlin fully intended to launch an all-out PR campaign to implicate Antichrist Muslim Jive Erdogan and his family in the funding of international terrorism.
In a dramatic presentation delivered on Wednesday, the Russian MoD outlined the supply routes Antichrist ISIS Obozo 911 Specter Clown Squid uses to smuggle its stolen crude and as it turns out, all roads literally lead to Jive Turkey. This is of course broadly consistent with our assessment of the situation as outlined in the following four pieces:
The Most Important Question About Antichrist ISIS That Nobody Is Asking
Meet The Man Who Funds Antichrist ISIS: Antichrist Muslim Bilal Erdogan, The ”(a)llah has no Son” bastard son Of Jive Turkey’s Antichrist Muslim President
How Jive Turkey Exports Antichrist ISIS Oil To The World: The Scientific Evidence
Antichrist ISIS Oil Trade Full Frontal: “Raqqa’s Rockefellers”, Antichrist Muslim Jive Turkey Bilal Erdogan, KRG Crude, And The Antichrist Israel Connection
This all comes on the heels of Russian airstrikes on Antichrist ISIS oil convoys which Moscow claims provoked Ankara to engage The Kremlin’s warplane late last month.
Well, if you thought Russia was set to let up on destroying Antichrist Islamic State Suicide Spectre Squid oil trucks and crude infrastructure, or on bombing Antichrist ISIL and Antichrist al-Nusra (both of which are supported by NATO Jive Turkey, Antichrist Saudi Arabia, and Antichrist Qatar) you can think again, because as the following clips show, Moscow is now hell bent on proving a point to the financiers of Antichrist Sunni extremism.
The sequence of events and Antichrist occult symbols prove beyond all doubt just who the Antichrist New World Order bastards are, and their path is leading straight to Israel and Jerusalem. The most powerful Antichrist proxy military force is American, and everyone can see what just happen with the evil bastards supporting ISIS. This is not about oil, it’s about disrupting all the nations, and America just happens to be one of the main forces being used as a tool, just like the idiot Antichrist muslim cult is being used. There are no ”good countries”, there are only compromised governments and dipshit Antichrist religions hellbent on carrying out their part of the Antichrist NWO 666 program.
The fact is, everyone that ”knows” the truth;
…we are suffering the reality of demons that leap like frogs among the nations and Israel and they are rooted in the author of confusion, Satan and the fallen angels hell bent on their war upon humanity and their false claim of dominion through their deadly ”knowledge” offer of temptation which has overcome humanity and murder mankind to the point of our Father in Christ proving His sustaining mercy upon the cross followed by His resurrection up to ”if possible all flesh might be destroyed” in this end time terminal generation…
there just is no ability to close our eyes, but the reality of the blind is overwhelming and there is just a watchful remnant in Christ that truly ”knows” what is really happening to this generation. Lol, and of course the ”crazy people” are not the ones buying selling and trading Antichrist ISIS oil with fiat debt notes adorned with the Antichrist Masonic Occult prophecy on it and the apotheosis image of a man behind a pyramid with an all seeing eye of Horus on it. LMAO.
Higher numbers of ocean sites along the US West Coast are showing signs of radiation contamination from Fukushima nuclear accident, Woods Hole Oceanographic Institution (WHOI) reports. However, the measured radioactivity levels still remain well below the US government safety limits for drinking water and direct exposure.
According to scientists responsible for monitoring the spread of Fukushima nuclear radiation, the number of sites reporting the contamination along the US West Coast is on the rise.
Up to now the highest level of radioactive cesium isotopes of 11 Becquerel’s per cubic meter of seawater (about 264 gallons) was found in the sample collected about 2 575 km (1 600 miles) west of San Francisco. The measured amount is 50% higher than in other collected samples, although still over 500 times lower than officially set limits for drinking water, and much below the concern level of direct exposure while in contact with water.
Locations of seawater samples taken by scientists and citizen scientists analyzed at the WHOI for radioactive cesium as part of Our Radioactive Ocean project. Cesium-137 is found throughout the Pacific Ocean and was detectable in all samples collected, while cesium-134 (yellow/orange dots), an indicator of contamination from Fukushima, has been observed offshore and in select coastal areas. Image credit: Jessica Drysdale, WHOI
Ken Buesseler, a marine radiochemist with the Woods Hole Oceanographic Institution (WHOI) and director of the WHOI Center for Marine and Environmental Radioactivity and his colleagues are monitoring the situation with sophisticated sensors that observe minute levels of ocean-borne radioactivity. During 2015, more than 110 new samples has been added in the Pacific.
“These new data are important for two reasons. First, despite the fact that the levels of contamination off our shores remain well below government-established safety limits for human health or to marine life, the changing values underscore the need to more closely monitor contamination levels across the Pacific. Second, these long-lived radioisotopes will serve as markers for years to come for scientists studying ocean currents and mixing in coastal and offshore waters,”said Buesseler.
Newest results are in agreement with those reported by the group Kelp Watch and the team of Canadian scientists working under the InFORM umbrella. Buesseler’s work is more focused on the chemistry of the ocean while the InFORM team conducts sampling of biological organisms and so far, they had not found any evidence of Fukushima cesium in fish collected in British Columbia.
According to experts, almost all the water samples collected in the Pacific will contain traces of cesium-137 isotope, and since its half-life is 30 years long, some of it is still considered a left over from nuclear weapons testing carried out in the period between 1950 and 1970. The isotope cesium-134, the “fingerprint” of Fukushima has a 2-year half-life, meaning its decay is much quicker than cesium-137. Scientists calculate traces of cesium-134 to determine how much was actually released from Fukushima in 2011 and add to it an equal amount of cesium-137 that would have been released at the same time.
In cooperation with Japanese scientists, Buesseler monitors the ongoing leaks from Fukushima Dai-ichi by collecting samples from as close as one kilometer (one-half mile) away from the nuclear power plants. In October 2015 the team collected samples of ocean water, marine organisms, seafloor sediment and groundwater along the coast near the reactors.
The measured levels of radioactivity off Fukushima are still elevated, between 10 and 100 times higher than off the US West Coast today and the effort to determine the amount of radioactive materials still being released to the ocean is ongoing.
“Levels today off Japan are thousands of times lower than during the peak releases in 2011. That said, finding values that are still elevated off Fukushima confirms that there is continued release from the plant,” said Buesseler.
The ““Jobs Friday” ritual is getting truly absurd. So it can’t be repeated often enough: These artifacts of the BLS’ seasonally maladjusted, trend-cycle modeled, heavily imputed/crafted and five times revised “jobs” numbers have precious little to do with the real health of the main street economy.
Indeed, the six-year run of job gains since early 2010 primarily represent “born-again jobs” and part-time gigs. In economic terms, they do not remotely resemble your grandfather’s industrial era economy when a “job” lasted 40 to 50 hours per week all year round; and most of what the BLS survey counted as “jobs” paid a living wage.
Not now. Not even close.
The Wall Street fools who bought the dip still another time on Friday do not have the slightest clue that the US jobs market is actually quite dead.
The chart below is also generated by the BLS but it measures actual labor hours employed, not job slots. It self-evidently puts the lie to the establishment survey fiction upon which the robo-machines and day traders are so slavishly focussed.
The fact is, labor hour inputs utilized by the US nonfarm business economy have “grown” at the microscopic annualized rate of 0.08% since the turn of the century. That’s as close as you can get to zero even by the standards of sell-side hair splitters, and it compares to a 2.02% CAGR during the 17 years period to Q3 2000.
So let’s see. Prior to the era of full frontal money printing, labor utilization grew 25X faster than it has since the turn of the century. Yet the casino gamblers bought Friday’s more of the same jobs report hand-over-fist—-apparently on the premise that this giant monetary fraud is actually working.
Not a chance. The contrast between the two periods shown in the chart could not be more dramatic. Nor do these contrasting trends encompass a mere short-term aberration. The death of the US jobs market has been underway for a decade and one-half!
Even in the establishment survey itself, the evidence of a failing jobs market is there if you separate the gigs and the low-end service jobs from the categories which represent more traditional full-pay, full-time employment.
The latter includes energy and mining, construction, manufacturing, the white collar professions like architects, accountants and lawyers and the finance, insurance and real estate sectors. It also includes designers and engineers, information technology, transportation and warehousing and about 11 million full-time government employees outside of the education sector.
We have labeled this as the “breadwinner economy” because the work week averages just under 40 hours in these categories and annualized pay rates average just under $50k. These kinds of family supporting jobs were what the Labor Department bureaucrats had in mind back in the 1930s and 1940s when the current employment surveys and reports were originally fashioned.
Notwithstanding all of the present era crafting, however, even the BLS establishment survey figures leave no doubt about the retreat of breadwinner jobs. At the peak in January 2001 there were 72.7 million of these genuine “jobs”, but that figure has never been seen again in this century!
In fact, after 95 Jobs Friday’s the count is still 1.3 million below the interim peak of December 2007 and 3% below the turn of the century level.
As a statistical matter, these 70.66 million breadwinner jobs account for just under 50% of the establishment survey’s 142.9 million jobs reported for November. By contrast, they account for upwards of 75% of total wages and salaries paid.
Needless to say, the stagnation of the breadwinner jobs market is the reason that wage and salary income growth has been so anemic. For more than 15 years the jobs mix has been steadily deteriorating, dragging the average annual earnings down with it.
Thus, since the year 2000 the number of jobs in what we have termed the Part-Time Economy has steadily increased. But these jobs in retail, bars, restaurants, hotels, amusement parks, stadiums and temp agencies average less than 30 hours per week and generate annual pay of less than $20,000. From an economic viewpoint, they are gigs, not jobs.
The same can be said for the balance of the establishment survey—-or what we have called the HES Complex (health, education and social services). While these jobs average about $35k of annual compensation, that figure is heavily skewed by a small number of highly paid health and education professionals such as doctors and administrators.
The overwhelming number of jobs in the HES Complex, in fact, pay well less than $30,000 per year.
At the end of the day growth in real wealth and living standards requires expansion of full-time employment and rising productivity per employee. The hard truth is that the debt-saturated US economy is not producing either of these essential ingredients of real main street prosperity.
Another angle on what can be described as the “atomization of work” is evident in the detailed breakout of wage and salary income that is published annually by the social security administration. This data on payroll earnings by annual income bracket is about as close to an honest measure of the US jobs market as you can find.
That’s because they are based not on surveys, estimates, imputations and models like the BLS figures, but reflect actual individual payroll records. It goes without saying that no employer sends withholding taxes to the IRS based on phantom jobs slots.
Here’s the thing. Last year 158.2 million workers had payroll records and withholding taxes and earned $7.1 trillion in compensation. Yet nearly 49 million or 31% if these workers earned less than $15,000 per year.
In fact, this massive cohort of part-timers and gig based workers generated only $300 billion of wages or only 4% of the national total. On average they earned just $6,200 during the entire year.
What Jobs Friday is about, therefore, is the cycling up-and-down of part-time jobs and gigs on the margins of the economy. These undulations occur in the intervals between the serial financial market booms and busts which result from Fed policy. Without so much as a fleeting acknowledgement, bubblevision indulges in the farce of counting slots mainly in the bottom 48 million of payroll records.
In fact, virtually all of the change in BLS job count occurs among the bottom 81 million payroll records reported by the social security administration. During 2014 these workers all earned under $30,000 per year, with an average of just $12,600.
That’s right. The bottom 51% of the work force earned less than 15% of reported wage and salary income, and clearly worked limited hours and exceedingly low hourly rates. Either that or the IRS is collecting taxes from employers who wantonly violate the minimum wage laws since the average wage for the bottom 81 million workers computes to $6.30 per hour on a standard work year!
In contrast to zero growth in hours worked and 0.4% annual growth in the BLS’ measure of full-time employment since the turn of the century, the ultimate category of gigs and episodic work——waiters and bartenders——has grown at a 1.9% annual rate. Accordingly, they accounted for 30% of all the “jobs” created in the American economy since the turn of the century, as reported in the BLS monthly establishment survey.
Call it the “Bread and Circuses” economy. The picture below is essentially what the talking heads work themselves into a bullish tizzy about – that is, until the bubbles burst purportedly owing to one-time accident and contagions that will never be repeated .
It goes without saying that goods production remains essential to wealth creation. Humanity has not yet been put in cocoons, nor would an economy work if everyone simply hired their neighbor to cook their meals, mow the lawn, clean the house, do the laundry and fix their electronic gadgets. Even Uber drivers need someone to manufacture their vehicles first.
Yet goods production—-mining, energy extraction, manufacturing and construction—continues to sink. There are still 2.4 million fewer jobs in the goods producing economy than there were at the pre-crisis peak in December 2007 and 20% few jobs in this foundation sector of the economy than in January 2000.
Likewise, there has been a decline or no gain since the turn of the century in numerous other higher paying full time job categories. Friday’s job report, for example, posted 5.9 million jobs in wholesale distribution, which is the identical number recorded in November 2000.
For the six breadwinner categories shown in the graph below, there were a cumulative 11.7 million jobs reported for November compared to 13.4 million in November 2000. That’s a 13% shrinkage.
Nor can these trends be accounted for by some explosion of productivity and technology. That is, the idea that robots and driverless cars are displacing human labor at an accelerating rate.
Since the job market bottomed in early 2010, nonfarm productivity growth has decelerated sharply, averaging just 0.5% per annum. That is less than one-fourth of its historic rate.
In short, the current so-called business expansion is already long in the tooth at 79 months of age and the next recession is just around the corner.
Since the November jobs report was just more of the same there is not chance that the structural deterioration of the jobs market outlined above will be reversed before the current massive financial bubble bursts.
There would not be a better time to hit the button Cramer rarely uses and sell, sell, sell.
The scheme has only attracted about one kilogram in a month, prompting the government to nudge temples through banks to hand over their treasures, the sources said, but at least one temple said it was still unconvinced by the plan.
“Convincing retail consumers is not an easy task, it takes time,” said a senior official with a state bank, who declined to be named. “We’re planning now to focus on institutions like temples.”
A finance ministry official said if banks fail to win over temples, the government could intervene directly by talking to the temples as it is looking for a big boost to the scheme to keep both imports and the current account deficit under control.
– From the Reuters article: India Targets Temple Gold Hoard to Rescue Monetization Plan
The Indian government has been trying to get its citizenry to relinquish its gold to the bankers for a very long time. I’ve covered this saga periodically over the past several years, most recently in last month’s post, A Warning to Indian Citizens – Your Government Wants Your Gold. Here’s an excerpt:
India’s prime minister on Thursday unveiled three state-backed plans to try to tap the stockpiles of the precious metal to trim physical demand and reduce imports by providing people with alternative avenues for investment. At an event in New Delhi, Modi announced the formal start of a gold-deposit plan, a sovereign-bond program linked to the metal’s price and introduction of locally minted coins, some bearing the face of Mahatma Gandhi.
Under the gold-deposit plan, investors can deposit a minimum of 30 grams with banks to earn interest, and at maturity either redeem the gold or cash, according to a government statement in June. Banks holding the bullion will be free to sell or lend the gold to jewelers, thereby boosting supply. The planned sovereign-bond issue will be open to investors from Thursday up to Nov. 20, the Reserve Bank of India said on Nov. 3.
So how is the scheme working out thus far? Not well. Not well at all.
India is trying to persuade rich temples to deposit some of their gold hoards with banks to revive a plan to recycle tonnes of the precious metal and cut gold imports, sources said.
The scheme has only attracted about one kilogramme in a month, prompting the government to nudge temples through banks to hand over their treasures, the sources said, but at least one temple said it was still unconvinced by the plan.
In a bid to reduce the economically crippling imports, Prime Minister Narendra Modi launched the much-publicised scheme to tap a pool of more than 20,000 tonnes of gold lying idle in homes and temples.
“Convincing retail consumers is not an easy task, it takes time,” said a senior official with a state bank, who declined to be named. “We’re planning now to focus on institutions like temples.”
But Mumbai’s two-century-old Shree Siddhivinayak temple, which is devoted to the Hindu elephant-headed god Ganesha, said it remained unconvinced about the benefits.
Modi wants temples to deposit some of this with banks, in return for interest and cash at redemption. The government would melt the gold and loan it to jewelers.
A finance ministry official said if banks fail to win over temples, the government could intervene directly by talking to the temples as it is looking for a big boost to the scheme to keep both imports and the current account deficit under control.
Well sure. As is standard operating procedure with government, if voluntarism fails, use coercion.
Despite offering slightly better interest rates than past schemes, the government is finding it difficult to break families’ attachment to their jewellery. Gold is used mainly as wedding gifts, religious donations and as an investment.
“After melting, banks will deduct impurity that will cut the net weight,” said Narendra Murari Rane, chairman of the trust for the Siddhivinayak temple.
The temple, which has 160 kg of gold and is partly plated in the precious metal, is nevertheless examining the scheme.
The Tirupati temple in Andhra Pradesh state will hold a meeting soon to consider participating, an official said.
You’ve been warned.
Just days ago Citi pronounced, much to the chagrin of the status-quo-hugging Fed faithful, that given the turn in corporate profits (and concerns over margin sustainability) that the chance of a recession in the US had risen to 65% (and on that basis had a bearish outlook for US equities). Now, as other major sell-side shops jump on the equity un-bullish narrative, JPMorgan’s Michael Feroli warns that in the past, a low unemployment rate, rising compensation, falling margins, and elevated durables investment have historically signaled an elevated risk that an expansion is nearing its end… and puts the probability of a US recession within 3 years at 76%. Of course, you do not need to worry, because Janet Yellen said this is not true (though failed to provide here reasoning).
As Citi recently noted the cumulative probability of a recession in the next year rises to 65%.
In the US our chief concern is margin sustainability. Corporate profits as a share of GDP have been at all-time highs, which is just another way of saying the rewards to labour have been at all-time lows. But change may be afoot in the form of modest labour market tightening in the US.
It is too soon to see this show up in core (ex Fins, Energy and Materials) margins in the US but that may be where things go. Modest nominal wage acceleration combined with global disinflation (price taking by US firms) and lack of productivity growth may mean margins come under pressure from labour costs.
And now, JPMorgan’s Mike Feroli raises a red flag warning that:
Our longer-run indicators, however, continue to suggest an elevated risk that the expansion is nearing its end, and our preferred model now puts the probability of recession within three years at an eye-catching 76%.
As he details…
We recently developed two sets of models for assessing the risk that the next recession will start within given horizons. One was focused on high-frequency indicators and aimed to measure the probability of a recession starting within six months. The other aimed to capture longer-run cycle indicators that suggest an elevated background risk of the expansion ending within horizons of one to five years.
Table 1 updates our models’ assessments of the probability of recession beginning within six months from our recent note. When we first wrote, only manufacturing sentiment was signaling an above-average probability of imminent recession. But recent weakening in the Richmond Fed services survey and the ISM nonmanufacturing index have now pushed the nonmanufacturing sentiment probability up somewhat as well. Nonetheless, estimates that combine signals from multiple indicators continue to predict little overall recession risk, and we conclude that the chance of a recession beginning within sixmonths is 5% or less.
In our work on longer-term risks, we found that a low unemployment rate, rising compensation, falling margins, and elevated durables investment have historically signaled an elevated risk that an expansion is nearing its end.
Figure 8 shows that probabilities of recession within 1, 2, and 3 years predicted by models based on these four variables have recently moved up to 23%, 48%, and 76%, respectively.
Although all four variables have moved in the direction of increased risk in recent years, the particularly sharp moves in predicted recession probabilities since mid-2014 have been driven most prominently by our measure of the decline in margins (which we define as the decline in the 4-quarter moving average of nonfinancial corporate net operating surplus as a percent of net value added, as a fraction of its peak in the current expansion). Figure 9 shows the history of this variable over the postwar sample period. Indeed, on most (but not all) of the occasions when this variable fell to its current level, a recession began within a few years. Although continued expansion remains our baseline forecast, we will more carefully investigate the risks of recession emanating from the corporate sector.
So first Citi, and now JPMorgan warn that there is a significant and growing chance that the US economy contracts next year? According to Janet Yellen, who was asked precisely this question during her hearing in Congress today, there is no risk: according to her, she doesn’t see the recession risk as “anything close” to 65%. She did not provide a number which she thought is more appropriate.
She also said that the FOMC would only raise rates as long as policy makers think U.S. will “enjoy at least some above-trend growth” that would result in improving labor market..
Her conclusion: if the rate hike results in “unintended consequences” the Fed can always just lower rates. Which incidentally is precisely what the Fed did in last 1936 when it, too, erroneously decided the economy was strong enough to sustain a tightening of financial conditions…
… only to cut immediately. The collateral damage? The Dow Jones plunged 50% the next year…
… and unleashed a severe recession in the second half of 1937, followed a few year later by the start of World War II.
This time is not different.
Reading for December 5, 2015 ~ Kislev 23, 5776
Gen. 37:1-40:23 ~ Amos 2:6-3:8 ~ Matt 19-20