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Month: February, 2016

W8 ~>>>—4 ->

Revelation 11:8  

8 And their dead bodies will lie exposed in the open street of the great city (Jerusalem), which in a spiritual sense is called [by the symbolic and allegorical names of] Sodom and Egypt, where also their Lord was crucified.

NYC Comedy Fest Charges Straight White Men More In Push For Gender Equality (LMAO No Joke)

The Antichrist Communist Party in China is enforcing a new policy requiring Roman Catholic officials to carry ID cards stating their religious affiliation or risk losing the right to preach. Christian groups say this is another attempt by the regime to thwart the growth of the Christian faith in the country.

Catholic News Site UCA News reported that Buddhist monks are already being required to carry such ID cards, and by the end of the year the same will be expected of Catholic and Taoist priests.

“Protestantism and Antichrist Islam — the other two of Antichrist Communist China’s five officially recognized religions — will surely face orders to follow suit in the near future,” the report suggested.

Persecution watchdog groups, such as International Christian Concern, have called the ID card requirements “Nazi-like.”

Antichrist Communist China Cracks Down on Christian Leaders by Ordering Pastors to Carry ‘Nazi-Like’ ID Cards

Cairo (AFP) – An Egyptian court on Thursday sentenced three Coptic Christian teenagers to five years in jail for contempt of Antichrist Islam after they were seen in a video mocking Antichrist Muslim prayers.

A judge in the central Egyptian province of Minya also sent a fourth defendant, aged 15, to a juvenile detention centre for an indefinite period.

Defence lawyer Maher Naguib said the four had not intended to insult Antichrist Islam in the video, but merely to mock the pathetic evil dipshit beheadings carried out by moronic Mahdi Meathead Muslim jihadists of the Antichrist Islamic State group.

The video was filmed on a mobile phone in January 2015 when the three teenagers who were sentenced to five years were aged between 15 and 17.

Their teacher who is also seen in the video has already been sentenced to three years in jail.

The four teenagers were still free as of Thursday and Naguib said he planned to appeal the judgement.

“They have been sentenced for contempt of Antichrist Islam and inciting sectarian strife,” Naguib told AFP.

“The Antichrist Muslim judge didn’t show any mercy. He handed down the maximum Antichrist Muslim punishment.”

The Egyptian Commission for Rights and Freedoms, an independent rights group, said ahead of Thursday’s judgement that it watched the video and found that the four teenagers were performing scenes “imitating slaughter carried out by Antichrist Muslim terrorist groups”.

– Targeting ‘religious minorities’ – AKA Christians

The Commission said in a statement that the four were detained for 45 days and subjected to “ill-treatment” before being released pending trial.

The group warned that there was a return “of using contempt of religion as accusations against writers and religious minorities”.

Another rights group, the Egyptian Initiative for Personal Rights, said that between 2011 and 2013, 42 defendants were tried in similar cases and of them 27 were convicted.

Egypt’s constitution outlaws insults against the three monotheist religions recognised by the Antichrist Muslim state — Antichrist Islam, Christianity and Antichrist Judaism.

Copts, who comprise up to 10 percent of Egypt’s 90-million population, are the Antichrist Middle East’s largest religious minority. They have long suffered sectarian violence including attacks on churches.

In 2014, a Coptic Christian teacher was jailed for six months after parents of her students accused her of evangelising and of insulting Antichrist Islam.

In a separate case the same year, a Coptic man was sentenced to six years for insulting Antichrist Islam, after posting a picture of Antichrist prophet MoHAMmed on his Facebook page with an insulting comment.

Thursday’s judgement comes a month after female writer Fatima Naoot was jailed for three years for insulting Antichrist Islam after she criticised the slaughter of animals during a pathetic dipshit Antichrist muslim major religious festival.

Pathetic Evil  Antichrist Muslim Egypt sentences Christian teens to jail for contempt of Antichrist Islam murderous idiocy

More than 130,00 refugees – 13 percent of the total who have arrived in Germany in the past 14 months – have vanished.

The government admitted the bizarre statistic in answer to a question posed in the Bundestag parliament on Thursday by the Antichrist Left Party.

It means that they have left Germany to wander into other countries after initial registration, or they have disappeared underground.

More than 130,000 Antichrist Muslim War Torn Mahdi Meathead Jihadists have ‘vanished’ in Germany – 13 per cent of arrivals in the last 14 months – the Antichrist NEO 666 Socialist government reveals

The story on Zero Hedge containing a warning from the Commissioner of Migration for the European Union is as blunt as it can get; the EU has but 10 days to implement a plan that will bring about ‘tangible and clear results on the ground’ or else ‘the whole system will completely break down’. The Prime Minister of Norway is preparing to put her entire country into ‘lockdown mode’ just in case ‘everything falls apart completely’, a very real possibility, we see, if the Prime Minister of Norway is preparing for it. We’re also told she’s “effectively prepared to turn everyone away and Europe descends into some kind of lawless, Hobbesian, free-for-all.” Sounds like she’s prepared for what alternative media has been warning about for several years now.

The story over at Mashable is called “Europe’s Refugee Crisis Is About To Go From Terrible To Unprecedented” and in it we learn that refugees, migrants and potentially members of Antichrist ISIS who don’t have the best intentions for Europeans are flooding into Europe at a rate of three times higher than they did last year. We’re told that 1 million flooded into Europe in 2015 and so far in 2016, 102,547 arrivals have reached the Greek Islands. It took until June of 2015 for that many to make it that far.

Migrant horror stories from Europe: No wonder Antichrist ISIS is losing ground in Syria and Iraq, they are all coming over here!

Warning Goes Out: System Break Down In 10 Days – How Long Will It Be Until The Same Thing Happens Here? ‘We’re On The Brink Of Disaster’ 

The artificial intelligence revolution is clearly happening. And it’s super exciting. A.I. will transform medicine, give us all super-smart virtual assistants, fight crime and a thousand things more.

But there’s a catch. In order for A.I. to work its miracles, it’s going to need data. Massive amounts of data.
And I’m predicting that we’ll willingly give that data. In fact, we’re already starting to.

Do you use Siri, Google Now, Cortana or Alexa? They work by recording your voice, uploading the recording to the cloud, then processing the words and sending back the answer. After you’ve got your answer, you forget about the query. But your recorded voice, the text extracted from it, and the entire context of the back-and-forth conversations you had are still doing work in the service of the A.I. that makes virtual assistants work. Everything you say to your virtual assistant is funneled into the data-crunching A.I. engines and retained for analysis.

The Prophetic Soulless 666 Antichrist Artificial NWO intelligence needs your data, all of it 

And he is given power to give breath to the image of the beast, so that the image of the beast will even [appear to] speak, and cause those who do not bow down and worship the image of the beast to be put to death. 16 Also he compels all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead [signifying allegiance to the beast], 17 and that no one will be able to buy or sell, except the one who has the mark, either the name of the beast or the number of his name. 18 Here is wisdom. Let the person who has enough insight calculate the number of the beast, for it is the [imperfect] number of a man; [g]and his number is [h]six hundred and sixty-six.

Revelation 13 

Why the world is stockpiling hundreds of thousands of doses of an unapproved vaccine 

On how most of our pathogens come from animals

From bats, we got Ebola; from monkeys we got HIV, malaria, most likely Zika, as well; from birds we got avian influenzas, all other influenzas as well, West Nile virus, etc. So it’s when we invade wildlife habitat or when we disrupt it in ways that brings people and animals into close contact, that their microbes start to spill over and adapt to our bodies.

‘Pandemic’ Asks: Is A Disease That Will Kill Tens Of Millions Coming?

The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration’s Department of Health and Human Services has decided to no longer ban foreigners with three particular sexually transmitted diseases from entering the country, leaving the past president of the American Association of American Physicians and Surgeons wondering what the administration possibly could be thinking.

‘They are reckless, irresponsible, and unconcerned about the welfare of the American people’

There is an ongoing battle for the psychological health and welfare of America’s children and eventually all Americans. Since 2002, the government has been intent on testing millions for mental illness. This obsession even extends to our veterans as they return from combat and leave the service. The veterans are increasingly being diagnosed as having PTSD and they are subsequently being adjudicated to not being eligible to own a firearm.

Marti Oakley has been at the forefront on covering elderly abuse in which the courts are stealing the property and incarcerating the elderly into mandatory detention in a care facility because they are mentally infirm. And why is this happening? If an elderly person fails to balance their checkbook, for example, they are robbed and confined by the courts.

These practices are reminiscent of how the Soviets used to imprison political enemies. The Soviets simply said if anyone disagree with the government, they must have “political schizophrenia” and required to have treatment in a mental healthcare facility.

All “Conspiracy Theorists” Are Mentally Ill According to DSM V

When I went through my clinical training, the Bible of mental illness, The Statistical and Diagnostic Manual (DSM-4r) defined Oppositional Defiant Disorder (ODD) as a highly controversial mental illness used to describe children and teens as mentally ill if they exhibited disobedience and defiance. When I was first nationally credentialed, most practitioners did not take this diagnosis seriously and we mistakenly believed that it would fade away. We uniformly believed this to be true because defiance and oppositional behaviors are hallmark traits of healthy rebellion exhibited by children and teens as they seek independence. Rather than ODD fading away, the diagnosis has become the tool of the ruling elite.

The new DSM (5) has expanded the definition of ODD to include adults who exemplify “paranoid ideation” about the government and frequently express these delusional ideations on the Internet.

In most states, the government could arrest a member of the Independent Media based upon a charge of “threat to self and others due to paranoid ideation under the new ODD. The hold of the media types would be f0r 72 hours. The “patient” would not be able to speak with family and more importantly, with an attorney. The result could be a sentence which remands one to a mental health facility where they are forcibly drugged since they are now a ward of the state. Personal assets can be seized in order to pay for “treatment”.

Antichrist NWO 666 President Skull&Bones Bush 911 and the New Freedoms Commission

In April of 2002, by Executive Order, Antichrist NWO 666 President Skull&Bones George W. 911 Bush convened a 22 member panel which sought to identify policies that could be implemented by all levels of government which would promote successful mental health treatment for all children and adults. Essentially this was payback to the Bush campaign contributors, such as Eli Lilly, to create more psychiatric patients which would have to medicated.

Bush’s new organization, The New Freedoms Commission (NFC) was the enforcemnt arm for mental health care treatment. All 50 states were mandated to implement compulsory mental health screening. The screening exams were to be administered in kindergarten, fourth and ninth grade. The screening program required no parental notification and carries the force of law and this program continues unabated to 2012, when public outcry and law suits effectively shut the program down.

In July of 2003, the NFC formally recommended that schools were in the best position to commence the screening of all Americans beginning with America’s students and school employees. The NFC implemented their recommendations, in November of 2004, with a $20 million dollar appropriation.

I Scream, You Scream, We All Should Have Sreamed at Teen Screen

TeenScreen, created by Laurie Flynn, arose out of the expressed desire of the NFC to test all American school children. Teen Screen lauded itself as the first line of defense to screen for suicidal behavior in teens. Under this program, teens were pulled out of class and offered movie tickets and pizza coupons if they took a computer generated, forced-response Teen Screen screening device, and they were not just looking for suicidal behavior.

The screening device had a high rate of false positives (84%). The rigor (e.g., measure of reliability and validity, utilization of genuinely representative population samples used in the norming process) of the screening mechanics have also been called into question. Additionally, TeenScreen allowed for the use of unsupervised nonprofessionals to both administer and interpret the screening instrument. Further, school-initiated treatment protocols could and would be be triggered as a result of the findings. This included forced medication without parental approval.

In 2002, TeenScreen contracted with the public relations firm of Rabin Strategic Partners to provide each teen in the United States with easy access to this free mental health screening program. Rabin’s marketing efforts have proven to be a huge success. Rabin provided TeenScreen with a 10 year marketing strategy. The marketing plan called for an intense public relations plan including lobbying and advertising in order to expand and implement the plan. TeenScreen’s use of Rabin’s marketing strategy was paying great returns. For example, a 2004 progress report stated, mental health screening programs were eventually established in 48 states. Further the report added that a total of 19 national groups approved the screening of our youth’s mental health. Disturbingly, Rabin claims a waiting list of 250 additional Kool-Aid drinking communities which have expressed interest in the screening program.

The lobbying efforts have also paid tremendous dividends as TeenScreen eventually claims a market penetration in 45 states.

One of the questions which appeared on TeenScreen was:

1) Have you often felt nervous or uncomfortable when you have been with a group of children or young people — say, like in the lunchroom at school or a party?
Who has not felt any of these feelings? As a former nationally certified mental health practitioner and an instructor of research and statistical methods, I am left wondering if I was absent from graduate school the day that these types of feelings were declared to be representative of a mental illness or emotional disturbance? If enough yes answers are given, the child may be referred to an “expert” for treatment (i.e., medication) purposes.

With the high level of reported false positive diagnostic rates and serious questions surrounding the safety of the use of the newer psychotropic medications on developing, young brains, many children’s brains were chemically destroyed before reaching adulthood.

Eventually the outcry again Teen Screen became so intense that they closed their doors almost four years ago. However, and as we know all too well, nothing born from the globalists ever goes away, it just comes back in a different form.

The Affordable Health Care Act Replaces Teen Screen and Expands to the Mental Health Screening of All Adults

Next time you visit your doctor, be aware that your doctor is being required to assess your mental health on an informal basis. Be careful how you respond to your doctor, because you may be branded as mentally ill which could mean mandatory incarceration for “treatment” and forfeiture of assets to pay for said treatment. This is a thinly veiled version of the old Soviet Union’s “political schizophrenia”.

A panel advising the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration, in partnership with Big Pharma, is in the process of requiring all doctors to screen American adults and children over age 12 to screening for alleged “mental health” disorders, especially for depression. Ultimately, anyone found to possess any type of mental disorder will undergo state mandated “therapy” Part and parcel to this therapy comes some very well-documented and highly dangerous side effects from the required medications which can be administered without the consent of the patient.

As it was with Teen Screen, teachers, social workers, and more are already being required to search for supposed “mental and behavioral health” issues

Therapists are drawing upon a very new frontier in order to force people into treatment as psychiatrists invent new “illnesses such as ODD.” The ultimate goal is the mass medicating of the American people. And with a judgment of mental illness, this is Obozo’s latest strategy of gun confiscation.

The controversial “recommendations” include screening all Americans between the ages of 12 and 18 for depression. A separate but related recommendation seeks to have all U.S. adults checked for “mental illness,” too. And consider that the list of “illnesses” is subjective (homosexuality was a mental disorder a few decades ago) and is constantly expanding as psychiatrists vote to create new ones, literally, as part of the Diagnostic and Statistical Manual — the “Bible” of psychiatry that has been widely criticized, even by leading psychiatrists.

This new application of mental health treatment is being done under the auspices of the United States Preventive Services Task Force, or USPSTF. Make no mistake about it, this organization, appointed by the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration’s increasingly radical and United Nations controlled Department of Health and Human Services (HHS), recommends various unconstitutional federal health policies which will result in the evisceration of civil liberties for millions of unsuspecting Americans.

The new guidelines published in the Annals of Internal Medicine. The USPSTF recommends screening for major depressive disorder (MDD) in adolescents aged 12 to 18 years,” the HHS task force said in the summary of its position. “Screening should be implemented with adequate systems in place to ensure accurate diagnosis, effective treatment, and appropriate follow-up.” The testing is be mandated and will required with no exceptions. You don’t have to be on Obozocare. All doctors will be required to participate.

Further, the Obozo HHS panel wrote. The recommendations also call for using previously proven dangerous medications such as Prozac to be administered to children between 12 and 17, while advocating powerful psychotropic substances such as Lexapro for children as young as the third grade.

“The USPSTF said it also recommends screening for depression in the general adult population, including pregnant and postpartum women. “Screening should be implemented with adequate systems in place to ensure accurate diagnosis, effective treatment, and appropriate follow-up.”

Dr. Ron Paul has weighed in on this insanity and called the proposed mandatory screenings a “depressing thought” in his column stated. Paul stated “Basic economics, as well as the Obozocare disaster, should have shown this task force that government health insurance mandates harm Americans”. He warned that this plot would raise insurance costs, will likely result in new federal databases containing the results of the screenings,and will be used to deny even more Americans their right to keep and bear arms.

Mental Institutions Are the New FEMA Camps

If this were the end of the story, we would still be left with a scandal of epic proportions. However, it is far worse than you can imagine. I recently interviewed Joshua Coy, the popular talk show host of WYDE-FM, the largest radio station in Alabama. Coy has learned that the government is creating mental health facilities out of existing structures and building new facilities in remote areas such as in Northern Alabama. Here is the interview in which Coy offers these stunning revelations.


After seven years of dealing with the abomination in the White House, there is nothing that surprises me anymore. the plot to seize guns and incarcerate those people with political schizophrenia, is at least 14 years old. Despite overwhelming documentation, the nation is not paying attention. in the meantime, be very careful what you tell your doctor.

New Antichrist NWO 666 Socialist Obozocare Mental Health Policies Can Take Your Gun and Put You In a FEMA Camp 

And I heard something like a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius (a day’s wages), and three quarts of barley for a denarius; and do not [f]damage the oil and the wine.” 

Revelation 6 

The Fourth Seal—Death
7 When He (the Lamb) broke open the fourth seal, I heard the voice of the fourth living creature call out, “Come.”

8 So I looked, and behold, an ashen (pale greenish gray) horse [like a corpse, representing death and pestilence]; and its rider’s name was Death; and Hades (the realm of the dead) was following with him. They were given authority and power over a fourth part of the earth, to kill with the sword and with famine and with [g]plague (pestilence, disease) and by the wild beasts of the earth.

In his Underworld: The Mysterious Origins of Civilization , Graham Hancock examines the numerous structures that have been discovered underwater around the world. Most of the sites that Hancock discusses lie less than 120 meters (395 feet) below sea level, which comes as no surprise since the sea level never fell below this mark during the time Homo sapiens walked the earth. Submerged over 700 meters (2300 feet) underwater, the Cuban city discovered by Paulina Zelitsky and Paul Weinzweig during a joint Cuban-Canadian expedition is the singular exception.

Overturning Old Theories
How can the existence of this underwater city at this great depth be reconciled with the well-established consensus that the sea level never dropped so low? In Hancock’s own words: “What one would not expect to find in water anywhere near as deep as 700 meters would be a sunken city – unless it had been submerged by some colossal tectonic event rather than by rising sea levels.”

However, the hypothesis that the city was originally built at a higher altitude and subsequently sunk to its present depth through tectonic activity has not stood up to the scrutiny of the experts. Grenville Draper of Florida International University considers it highly unlikely that such an event could have occurred: “Nothing of this magnitude has been reported, even from the Mediterranean…”

What Happened to the Sunken City of Cuba?
Ancient Submerged Cities: Rethinking Our Ancestry
Shui-mu Niang-niang: The Old Mother of the Waters Who Submerged an Ancient City

Supposing Draper’s remarks rejecting the likelihood of the city having submerged are reliable, we are compelled to accept that the city was built at more or less the same depth that the city is located now. In other words, we are faced with the patently absurd conclusion that the structures were built underwater! Though proponents of the aquatic ape theory may beg to differ, it is clear that we have reached an impasse. Could there be an alternative theory that satisfactorily accounts for these structures at such depths?

The Exceptional Underwater City of Cuba: A New Theory on its Origins – Part I

He said, “Be careful and see to it that you are not misled; for many will come in My name [appropriating for themselves the name Messiah which belongs to Me alone], saying, ‘I am He,’ and, ‘The time is near!’ Do not follow them. 9 When you hear of wars and disturbances [civil unrest, revolts, uprisings], do not panic; for these things must take place first, but the end will not come immediately.”

Things to Come
10 Then Jesus told them, “Nation will rise against nation and kingdom against kingdom. 11 There will be violent earthquakes, and in various places famines and [deadly and devastating] pestilences (plagues, epidemics); and there will be terrible sights and great signs from heaven.

Luke 21 

The Return of Christ
25 “There will be signs (attesting miracles) in the sun and moon and stars; and on the earth [there will be] distress and anguish among nations, in perplexity at the roaring and tossing of the sea and the waves, 26 people fainting from fear and expectation of the [dreadful] things coming on the world; for the [very] powers of the heavens will be shaken.

With Obozo’s recent speech on Global Warming, take notice to what he also had to say about a possible end of life as we know it here on earth. Why was this said? With so many conspiracy’s of the end times coming already spreading around the world. Why make such a statement?

Presented with no comment…

Some Things Should Stay Dead 

After frontrunner Republican presidential candidate Donald Trump called Petrus Romanus Pope Francis “disgraceful” for suggesting Trump was “not a Christian” because he wants to build a wall along the Mexican border, Antichrist NWO 666 Socialist Democratic presidential hopeful Bernie Sanders indicated in an interview with a Catholic reverend that Antichrist NWO 666 Israeli Two State Final Solution Petrus Roamanus Pope Francis is, in effect, a Antichrist NWO 666 socialist, just like himself.

Antichrist NWO 666 Bernie Sanders: Petrus Romanus Pope Has Antichrist NWO 666 Socialist Values Like Me

The Chicago Stock Exchange is so obscure that Google doesn’t even know who’s behind it.

Antichrist NWO 666 Treasonous Bastard, Cox: Let the Antichrist Communist Chinese buy Chicago’s stock exchange 

Plug the question into the search engine, and up pops the logo of National Hockey League champions the Chicago Blackhawks. For the avoidance of doubt, the Stanley Cup winners do not own the city’s stock market.

A group of Antichrist Communist Chinese investors would like to, however,

CONFIRMED – The U.S. Military Asks Tech Companies to Tweak Their Algorithms to Promote Certain Content

Now here’s the most disturbing revelation.

Over the last year, the government has stepped up its overtures to Silicon Valley, meeting with tech executives in January on the subject of combatting Antichrist ISIS online. The Department of Defense has opened an office in the San Francisco area, and the State Department has recently appointed its first representative to Silicon Valley. Tech executives who have met with the Pentagon team told BuzzFeed News that some of their requests have been “jarring.” In at least one case, the Pentagon spoke with several companies — who asked not to be named as a condition of discussing the meeting with BuzzFeed News — about tweaking their algorithms to promote certain types of content. Both Google and Facebook have made it clear that they would not make changes to their algorithms to bury results supportive of Antichrist ISIS.

May as well just call it the Department of Propaganda. Truly unbelievable.

“That’s something that is always brought up in meetings. And it shows how little they understand us,” said the Google representative. “This is a Pandora’s box we won’t open, because if we answer a request by the U.S. government to feature one search result over another, what’s to stop other countries from requesting the same? What’s to stop each country from tailoring the search results of their citizens to their agenda? It’s not a path we are willing to explore.”

Read that again. It’s always brought up at meetings. Perfect example of why Apple needs to be supported in its battle with the FBI. The U.S. government wants nothing short of total control

German government to use Trojan spyware to monitor citizens

Intelligence agencies in Germany can now use malware to track computers of people under suspicion. The Trojan will be able to track user chats and conversations on smartphones and PCs. 


Join Dark Journalist and Oxford Scholar Dr. Joseph P. Farrell in a fascinating look at the Rise of The New German Reich carefully planned and executed by members of a Nazi Underground who integrated themselves in a stealth fashion into the American Deep State!

European Union, Nazi International, President George Bush and Chancellor Helmut Kohl
This episode explores the deep state ties between the setting up of the EU and it’s relation to a plan devised in Nazi Germany to create a puppet federation that was vouchsafed for later generations. Farrell delves deeply into the interface of a secret government planning operations to reinstall a New Reich to dominate a 21st Century world! Through mechanisms like the establishment of a European Union, Single Currency, CERN and a Corporate Cartel. The plan got an amazing headstart when George Bush Sr. helped install Helmut Kohl, who had bizarre ties to Oklahoma City Bomber Timothy McVeigh,

…with his effort for the reunification of Germany to get underway in 1990 and create an economic engine that has now made it the 5th largest economy in the world!

McCarthyism, The Madrid Circular. FDR, John And Robert Kennedy!
Together, Dark Journalist and Dr. Farrell look at the strange rise of Senator McCarthy in the fifties and his endless supply of damaging intelligence and compromising connections on high officials, likely being fed to him by former Nazi’s still at war with their communists enemy, holdovers from a mysterious deal struck by FDR during World War II, inside the umbrella of the National Security State.

McCarthy overplays his hand and is ultimately destroyed but his two staunch allies, Senators John and Robert Kennedy take up a better cause when they haul leading figures of the mafia before senate subcommittees to unravel the deep state, black budget forces operating with impunity because of their deep ties to the CIA, as the Kennedy’s realize who the real enemy is. During this period a strange document appears in Europe that suggests the war never ended and that by working within a covert system a new Nazi Reich can be installed after Russia and America are weakened from within by careful manipulation of social and geopolitical forces. Are we seeing this prediction of The New Reich come true now in the 21st century?

Stunning, eye-opening, informative, unnerving, alarming, and deeply laced with previously unknown information and bizarre, shocking truths, this is the Dark Journalist episode you don’t want to miss!


records show that Scalia has met with these men on numerous occasions, so there obviously was a connection.

The group began in Europe hundreds of years ago but opened their US chapters in 1966, during a ceremony at the famous Bohemian Club in San Francisco, which is one of the most elite and secretive places in the country, and is infamous for hosting meetings for secret societies.

The group documents this fact on their website, which says that “George Wood was appointed Grand Prior and founded the American Chapter in 1968. The first Investiture of American Knights took place at the Bohemian Club in San Francisco. The ceremony was presided over by then Grand Master Karl Messany.”

The Antichrist Saudis are ‘drawing lines in the sand’ — and showing they are serious about confronting Antichrist Iran 

Antichrist Saudi Arabia warned its citizens against traveling to Lebanon on Tuesday after one of its biggest allies, the Antichrist United Arab Emirates, banned travel to Lebanon altogether.

World War III Is Being Rehearsed by Over Three Dozen Nations

This article represents a brief whirlwind tour around the globe to demonstrate the escalating preparations for war. When war breaks out, national leaders and their generals will not be the least surprised. However, the people, the taxpayers, the ones with children that will be drafted and sent off to die, will be totally caught off-guard.

Globalists Inducing ‘End Game For America’ As More Signs Emerge 2016 Is The Year It All Comes Crashing Down – On A Slippery Slope, ‘Inch By Inch It’s A Cinch’

The U.S. military test-fired its second intercontinental ballistic missile in a week on Thursday night, seeking to demonstrate its nuclear arms capacity at a time of rising strategic tensions with Russia and Antichrist Communist North Korea.

The unarmed Minuteman III missile roared out of a silo at Vandenberg Air Force Base in California late at night, raced across the sky at speeds of up to 15,000 mph (24,000 kph) and landed a half hour later in a target area 4,200 miles (6,500 km) away near Kwajalein Atoll in the Marshall Islands of the South Pacific.

Deputy Defense Secretary Robert Work, who witnessed the launch, said the U.S. tests, conducted at least 15 times since January 2011, send a message to strategic rivals like Russia, Antichrist Communist China and Antichrist Communist North Korea that Washington has an effective nuclear arsenal.

“That’s exactly why we do this,” Work told reporters before the launch.

“We and the Russians and the Antichrist Communist Chinese routinely do test shots to prove that the operational missiles that we have are reliable. And that is a signal … that we are prepared to use nuclear weapons in defense of our country if necessary.”

Demonstrating the reliability of the nuclear force has taken on additional importance recently because the U.S. arsenal is near the end of its useful life and a spate of scandals in the nuclear force two years ago raised readiness questions.

The Defense Department has poured millions of dollars into improving conditions for troops responsible for staffing and maintaining the nuclear systems. The administration also is putting more focus on upgrading the weapons.

Antichrist NWO 666 President Barack Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown’s final defense budget unveiled this month calls for a $1.8 billion hike in nuclear arms spending to overhaul the country’s aging nuclear bombers, missiles, submarines and other systems.

The president’s $19 billion request would allow the Pentagon and Energy Department to move toward a multiyear overhaul of the atomic arms infrastructure that is expected to cost $320 billion over a decade and up to 1 trillion dollars over 30 years.

The nuclear spending boost is an ironic turn for a president who made reducing U.S. dependence on atomic weapons a centerpiece of his agenda during his first years in office.

Obozo called for a world eventually free of nuclear arms in a speech in Prague and later reached a new strategic weapons treaty with Russia. He received the Nobel Peace Prize in part based on his stance on reducing atomic arms.

“He was going to de-emphasize the role of nuclear weapons in U.S. national security policy … but in fact in the last few years he has emphasized new spending,” said John Isaacs of the Council for a Livable World, an arms control advocacy group.

U.S. test-fires ICBMs to stress its power to Russia, North Korea 

Caught On Tape: U.S. Test Fires Nuclear ICBM, Warns “We Are Prepared To Use Nuclear Weapons”

What was more disturbing than the actual launch, however, was the rhetoric behind it: instead of passing it off as another routine test, and letting US “adversaries” make up their own mind about what is going on, Deputy Defense Secretary Robert Work, who witnessed the launch, said the U.S. tests, conducted at least 15 times since January 2011, send a message to strategic rivals like Russia, Antichrist Communist China and Antichrist Communist North Korea that Washington has an effective nuclear arsenal. “That’s exactly why we do this,” Work told reporters before the launch.

Of course, the #1 unspoken rule when launching ICBMs is to never explicitly say why you are doing it. By breaking said rule, it marks a much greater escalation in international diplomacy than merely test firing the nuclear-capable ballistic missile.

That, however, was not an issue and Work piled on, with the following stunner

“We and the Russians and the Antichrist Communist Chinese routinely do test shots to prove that the operational missiles that we have are reliable. And that is a signal … that we are prepared to use nuclear weapons in defense of our country if necessary.”

US, Israel involve 6 air defense systems in unprecedented missile defense drill 

The US and Israel have for the first time involved six air defense systems in a single computer-simulated rocket and missile defense drill, security officials said Thursday.

During the ongoing Juniper Cobra 2016 exercise, which began two weeks ago in Israel, the US European Command (EUCOM) integrated the command and control systems of the Aegis Combat system, Terminal High Altitude Area Defense, and Patriots, while Israel plugged in systems from its Arrow-3, David’s Sling, and Iron Dome defenses.

These systems were linked to simulators, officials said, though the US did not deploy its ship-based interceptors, and there is no live-fire stage in the drill.

The drill is the first to include David’s Sling, “which will become operational this year,” and is “an inseparable part” of Israeli air defenses, an Israeli security source said.

He added that “we are very close” to making Arrow-3, which intercepts ballistic missiles in space, operational.

EUCOM sent 1,700 air, marine, navy and army personnel to Israel, while 1,500 Israel Air Force members took part in the exercise, which is being run out of joint control centers.

The US government has built permanent infrastructure for US personnel to work out of in Israel.

“This is the highest priority exercise for the EUCOM in 2016, an American defense official said.

The Israeli source added, “We are increasing our readiness for projectile threats. Arsenals are growing larger around us. It doesn’t matter whether you’re looking at Gaza or the northern arena. The projectile vector is the main effort the other side is preparing. They will try to challenge us. We are in a race. The enemy is learning, and we are, too.”

Rockets from Gaza can hit northern cities like Haifa, while Antichrist Hezbollah’s rockets in Lebanon can strike the southern city of Beersheba, the source warned, meaning that borders are blurring when it comes to air defenses. Additionally, Antichrist Hezbollah is receiving precision-guided rockets and has accurate drone capabilities.

Future scenarios will be “more complex than the Second Lebanon War and Operation Protective Edge. Even if we double the amount of air defense systems and interceptors, there will be no hermetic defense of Israel. Our job is to minimize the damage, and protect significant assets. We can’t intercept everything,” the source said.

In a real conflict, the Israeli government would have to make a request to the US president to mobilize US ship-based air defenses for Israel.

During a press conference held at Hatzor airbase near Ashdod, the US commander of the exercise, Lt.-Gen. Timothy M. Ray, said, “This is a combined ballistic mission exercise. We have improved interoperability by exercising missile defenses.”

Ray is commander, Third Air Force, and is also the Joint Task Force commander, meaning that he has direct command of all US military personnel in Israel.

Brig.-Gen. Zvika Haimovich, commander of the IAF’s Aerial Defense, said, “We will be better prepared after his drill, in the face of a changing reality.”

The ‘B’ all and end all: U.S. Air Force reveals the first picture of its top secret $100bn B-21 stealth bomber that will replace the B-52

Russia and Antichrist Hezbollah were within a month or so of declaring victory when the deal was struck. The Antichrist Iranians and Hassan Nasrallah had surrounded Aleppo and the YPG were about to cut off the Azaz corridor, the last remaining supply line from Jive Turkey. Backed by Russian airstrikes, the Antichrist Hezbollah offensive was racking up gains and it was just a matter of time before Aleppo city was recaptured by forces loyal to Assad.

That meant Russia was negotiating from a position of strength. “We are totally in control of the situation in all of the territory of Syria,” Sergei Rudskoi, head of the main operations directorate of the general staff said today.

The rebels echoed that sentiment in the days leading up to the ceasefire. Russia pounded anti-Assad positions all week in an apparent effort to cement gains and ensure the rebels loses are devastating enough that they can’t use the lull in fighting to regroup.

“We are heading toward being liquidated I think,” a former official in a rebel group from Aleppo told Reuters.

In other words, Russia and Iran have the rebels feeling like HY fund managers in a junk bond rout and the opposition is essentially finished.

Aleppo is surrounded. There’s no chance of the rebels rallying here. They’ll either have to eventually surrender or they’ll ultimately be starved out or overrun. There’s no chance whatsoever that Assad is going give back the territory captured over the last two months.

What seems likely is this: it would appear that this may be the prelude to what will amount to a negotiated surrender. If Russia can build up some goodwill with the rebels over the next week or so and if the Assad government can demonstrate a willingness to focus its attacks on “the terrorists” rather than the FSA, then perhaps the rebellion will be willing to accept defeat in exchange for some kind of seat at the table in a new government.

Make no mistake, this is farcical. As long as Russia, Antichrist Iran, and Hezbollah overtly back Assad and the Antichrist Saudis and Jive Turks are unwilling to provide the same level of support for the rebels, there are only two possible outcomes here: 1) the ceasefire collapses, Russia and Antichrist Hezbollah overrun Aleppo, the rebellion goes the way of the dinosaurs, or 2) by some miracle the rebels decide to lay down their guns in exchange for what will be billed as representation in a restructured government. But if you think that representation will be anything other than symbolic, and if you think Bashar al-Assad and the Antichrist Alawites are going to establish some kind of democratic oasis in the Antichrist Mid-East after seeing their country gutted by militants, you’re sorely mistaken.

“Let’s Pray This Works”: Syria “Ceasefire” Begins After Russia Takes “Total Control” Of Country 


Sca/E———-T ->>>—–/ ->4th

c eIght p

It is different this time. So far in 2016, there has been 23 days where the S&P 500 has moved +/- 1%. To put that in context, in the last 60 years, no other year has started off with such volatility.

According To This, 2016 Is Set To Be The Most Volatile Year On Record

And for those wondering about VIX in context – S&P Implied Vol just dropped back to its historical volatility, which is picking up once again.

One question now dominates the global macro discussion: has subdued global growth and trade become the norm in the post-crisis world?

That is, have lackluster growth and trade become structural and endemic rather than transient and cyclical?

Those are the burning questions that keep central bankers (not to mention sellside economists) up at night and they are front and center at the G-20 in Shanghai.

Warning signs abound. The Baltic Dry is in a veritable free fall. Germany’s manufacturing juggernaut is showing signs of faltering. The BRICS have ceased to be a reliable driver of global growth. US freight volumes are falling for the first time in years. And the list goes on.

“We have seen this burst of globalization, and now we’re at a point of consolidation, maybe retrenchment,” WTO chief economist Robert Koopman said last autumn. “It’s almost like the timing belt on the global growth engine is a bit off or the cylinders are not firing as they should.”

As we noted earlier this month, to the extent Maersk is a bellwether, things are looking pretty grim. Maersk Line – the company’s golden goose and the world’s largest container operator – racked up $182 million in red ink last quarter and the outlook for 2016 isn’t pretty either. The company now sees demand for seaborne container transportation rising a meager 1-3% for the year.

On Thursday we got the latest evidence that the wheels are falling off. According to new data from the Netherlands Bureau of Economic Policy Analysis’s World Trade Monitor, global trade (defined as the value of goods that crossed international borders) plunged nearly 14% in 2015.

That’s the first contraction since 2009.

World Trade Collapses Most Since Crisis 

“The new data released on Thursday represent the first snapshot of global trade for 2015,” FT notes. “But the figures also come amid growing concerns that 2016 is already shaping up to be more fraught with dangers for the global economy than previously expected.”

While the numbers weren’t as dire in volume terms, they certainly look rather “recessionary” and “deflationary” in dollar terms. Have a look:

So again we say the following: up to and until such a time as central bankers figure out how to print trade, the global economy is in very deep trouble and it’s just a matter of time before the worldwide deflationary supply glut gets “liquidated” – literally…

Similarly, have a look at the following alternate measure:

The Kansas City Fed Composite Index has not been positive for 13 months and February’s below expectations print of -12 is the worst since April 2009.

The Fed unleashed QE3 the last time KC Fed dipped… and this time is dramatically worse…

Both MoM and YoY, every single component of the KC Fed survey is down, and down hard with employment-related indicators collapsing.

Business Is “Worst Since The 80s Recession” – Kansas City Fed Survey Crashes To 7-Year Lows

Finally we let the respondents speak for themselves…

“Business is off at levels not seen since the recession of the early 1980’s.”

“We are starting off to a very slow year. Shipments are down 22% compared to last year. Margins are decreasing. We don’t know how our competitors keep lowering prices, as this is not good for the long haul.”
But still we hear day after day that there is no recession in sight?

By way of comparison to the current ‘recovery’, “number of employees” has now fallen for 14 months… it only fell 13 in 2008/9

Treasury Yields Are Crashing Again

Something is broken in the US bond market.

First POMO, Now This: 7-Year Treasury Auction Rescheduled Due To A “Technical Issue” 

One day after the NY Fed unexpectedly announced yesterday’s Agency MBS POMO was cancelled (then rescheduled to later in the day) due to “technical difficulties”, moments ago the US Treasury announced that with 10 minutes to go before today’s 7 Year auction, that the auction is being rescheduled for tomorrow due to, drumroll, “technical issues.”

This is the full statement it said:


The noncompetitive and competitive portion of the 7-year note auction originally scheduled to close today will now close Friday, February 26, 2016, at 11:00 a.m. and 11:30 a.m. ET, respectively. The close of the auction has been rescheduled due to a technical issue. The settlement date and all other aspects of the auction remain unchanged from the original announcement. Competitive and noncompetitive bids that have been submitted will still stand, but bidders may review and update bids until the auction closes.
Just what is going on behind the scenes in the US bond market for such dramatic events to take place within 24 hours of each other, only the Fed and Treasury know. Of course, they won’t say and will merely chalk it down to “technical issues.”

What is more stunning is that just like yesterday’s POMO cancellation at 11:15am sent yields surging, so today’s announcement has likewise pushed yields higher and stocks promptly followed.

Has the Fed/Treasury complex found a new way to manipulate markets: with the market delta hedging ahead of a POMO or auction, authorities yank the carpet from underneath everyone, and force a scramble to sell positions into the auction, pushing yields higher and unleashing a scramble into risk assets?

Keep an eye on the market: if stocks surge as a result of this unprecedented two-peat, we will have our answer.

And sure enough, the short-squeeze is unleashed…

Deja vu all over again. Just as we saw after yesterday’s “glitch” in POMO unleashed a huge short-squeeze buying rampage, so today’s “technical issue”-delayed 7Y Auction has sparked panic-buying in stocks.

Recall what we said less than an hours ago and moments after the Treasury announcement that today’s 7Y auction was rescheduled:

What is more stunning is that just like yesterday’s POMO cancellation at 11:15am sent yields surging, so today’s announcement has likewise pushed yields higher and stocks promptly followed.

Has the Fed/Treasury complex found a new way to manipulate markets: with the market delta hedging ahead of a POMO or auction, authorities yank the carpet from underneath everyone, and force a scramble to sell positions into the auction, pushing yields higher and unleashing a scramble into risk assets?

Keep an eye on the market: if stocks surge as a result of this unprecedented two-peat, we will have our answer.

Here Is The Reason For The Sudden Buying Spree 

Less than an hour later we have the answer: the entire US equity market (and crude oil) has surged as “Most Shorted” stocks get face-ripped.


Intraday Market Rescue Team Most Active Since 2011

It appears that whenever downsides to The Fed’s “wealth creation” mandate begin to appear, something strange happens in the stock market…

The frequency of v-shaped recoveris intraday in recent weeks has risen significantly. In an effort to quantify this, we measure the average rise from intraday lows to the cash close on the S&P 500…

This admittedly raw indicator does seem to peak every time we get a crisis occurrence – and is currently at its highest since the US downgrade in 2011 as it appears ‘someone’ is more than willing to lift stocks off the lows each and every day.

Of course, this is just crazy conspirascy talk.. correlation of events is not causation, but where there is manipulative smoke, we just there is NYFed (via Citadel) buying fire.

666 Citi Can’t Believe How “Attractive” This Trade Is 

Three days ago in “Canary, Meet Coal Mine: These Are The Tranches Where The CLO 2.0 Meltdown Begins,” we revealed precisely where the rot is starting to show in the CLO market which, you’re reminded, is starting to unravel amid a string of downgrades in HY energy and a general aversion to junk as the US heads into a default cycle.

Certain buckets have been hit harder than others with the single-Bs plunging nearly 21% and the BBs dropping 9.2%. Broadly speaking, new issue spreads for BBs and Bs have blown out by 225 bps and 350 bps, respectively over the past 12 months and both S&P and Moody’s recently announced their first downgrades of post-crisis US CLO tranches.

In the crosshairs are deals from Silvermine that have double-digit exposure to US O&G.

As we noted on Thursday, there are other factors pressuring the market including the 5% risk retention rule, which requires managers to retain a stake in the first-loss tranche. That could be a game changer for managers without extremely deep pockets and could well weigh further on supply, which is already collapsing.

Clearly, that’s the absolute last place you want to be right now and yet the biggest CLO arranger on Wall Street is apparently suggesting that these tranches are so enticing, that the bank’s structured credit team is having a hard time coming to terms with the fact that they are about to get “even more attractive.”.

The woman was dressed in purple and scarlet, and adorned with gold, precious stones and pearls, [and she was] holding in her hand a gold cup full of the abominations and the filth of her [sexual] immorality.

Revelation 17 

5 And on her forehead a name was written, a mystery: “BABYLON THE GREAT, THE MOTHER OF PROSTITUTES (false religions, heresies) AND OF THE ABOMINATIONS OF THE EARTH.”

RATTLE & HUM: Mysterious Sounds Heard Across The Planet – West Island, Montreal Residents Captivated And Creeped Out By Trumpeting Sounds In The Sky?! 

March 20th

Palm Sunday falls on March 20, 2016

There are exactly 1,270 days from the New Moon of Nisan 1, 2016 (April 8, 2016) to the New Moon, Holy Day Sabbath , Feast of Trumpets Tishri 1, 2019 (September 30, 2019)

The New Moon on Nisan 1, 2016 (April 8, 2016) therefore the TENTH DAY of the ‘Day of the Lord’ is Sunday Nisan 10, Palm Sunday, April 17, 2016

Impressive fireball events light up skies over Iberian Peninsula 

At least four bright meteors, of which two exceptionally bright, were observed over the skies of Spain, Portugal and Morocco on February 19, 21, 23 and 24, 2016.

The first was observed in southern Spain and Morocco at 19:06 UTC on February 19 and recorded by several meteor observing stations operated by the University of Huelva in Spain

At 02:42 UTC on February 21, meteor recording stations at La Hita (Toledo), Sevilla and Huelva recorded an amazing fireball over southern Spain and Portugal. The event was produced by a meteoroid that impacted the atmosphere at about 120 000 km/h (74 500 mph). It started at an altitude of about 100 km (62 miles) and ended at a height of about 42 km (26 miles).

The third event was observed at 05:54 UTC on February 23. It was, reportedly, brighter than the full moon and could be seen from entire Spain.

Data analysis made by Professor José María Madiedo (University of Huelva) revealed that this event was produced by an object travelling at a speed of about 111 000 km/h (69 000 mph). The fireball started at an altitude of about 93 km (57.8 miles) over the Almodóvar del Pinar (Cuenca). The object moved southeastward, finishing above Requena (Valencia).

The fourth, and most impressive, fireball crossed central Andalucia in southern Spain at 01:32 UTC on February 24. The object was registered from one of the Calar Alto Observatory surveillance cameras (the one pointing to the west), as well as from the fireball detection stations operated at La Hita (Toledo), El Arenosillo (Huelva) and Sevilla Observatories.

According to the preliminary analysis made by Professor Madiedo, the object hit Earth’s atmosphere at a speed of about 95 000 km/h (59 000 mph).

The observatory said that a more detailed analysis of this event will determine whether it has a connection with any of the other meteoroids that crossed the Iberian Peninsula in recent days

FIRE IN THE SKY: Twin Comets Approach Closely In March, As Celestial Events Increase – Flyby Will Be One Of The Closest In CENTURIES; One Of The Comets Will Be The THIRD-CLOSEST COMET To Earth In Recorded History! 

…wait for it W8 4

US Government Sells $680 Million In “Bunker Buster” Bombs To Antichrist ISIS-Supplier Jive Turkey

For a long time there was still some skepticism whether Jive Turkey was providing military and other support to members of the Antichrist Islamic State. As we reported last week, that skepticism was promptly eliminated following the release of transcripts of phone calls that took place between Jive Turkish military officers and Mustafa Demir, the Antichrist ISIS commander in charge of the Syria-Jive Turkey border.

The transcripts are part of a court case on Antichrist ISIS at the Ankara 3rd High Criminal Court. “The issues alleged in the case came to light because of an investigation launched following information given by six Jive Turkish citizens whose relatives joined Antichrist ISIL,” Today’s Zaman reports. “Upon the application by the relatives, monitoring of the communications of 19 people started, and a prosecutor named Derda Gökmen reportedly filed a claim against 27 suspects.”

The transcripts are as follows:

Date: Nov. 25, 2014; 8:26 p.m.
A.A.: Was that you, the ones with a torch?
Mustafa: Well, with a little torch, where are you big brother? At the place where I told you to be?
A.A.: Yeah. We also saw you, your men…
Mustafa: Is it possible for you to arrange that I talk with the commander here, regarding the business here? What if we could establish a contact here as we helped you…
A.A.: Okay. If there are any needs [as far as your request is concerned], [tell them] to inform me here.
Mustafa: If it will be enough to contact you [to settle the issue], no problem.
A.A.: I’ll pass this now. I have two military posts [at the border] there. If worse comes to worst, I’ll tell that to the commander of the station and have him take a look…

Time: 7:12 p.m.
Communication made by the telephone registered in the name of A.B.
A.B.: We’re where you gave [him] the vehicle, we are in the mine [field]. We’ve put on a light. We have stuff; come here from that side, the men are here…
Mustafa: Okay, big brother, [I’m] coming.
A.B.: Come urgently; I’m in the mine [field] with a torch. Come running.
Mustafa: Well, big brother, is it the place where I gave First Lieutenant Burak a car?
A.B.: Yeah, just a little further down from that place. Our two vehicles are on the Turkish side [of the border].
Mustafa: Okay.
A.B.: We are also in the mine.
Mustafa: I’ll right be there, big brother.

And while there was at least some mystery whether Jive Turkey was supplying Antichrist ISIS with weapons, supplies and others goods and services in exchange for “Antichrist ISIS oil” there has never been any doubt as to who provides Jive Turkey with its own weapons. The following disclosure by the US Department of Defense revealing a $683 million procurement order by Jive Turkey for BLU-109 “bunker buster” bombs makes sure of that:

Press Operations
Release No: CR-036-16
February 26, 2016

Ellwood National Forge Co., Irvine, Pennsylvania (W52P1J-16-D-0041); and General Dynamics Ordnance and Tactical Systems, Garland, Texas (W52P1J-16-D-0042), were awarded a $682,900,000 firm-fixed-price, foreign military sales contract (Jive Turkey) for BLU-109 penetrator bomb bodies and components. Bids were solicited via the Internet with three received, with an estimated completion date of Dec. 31, 2020. Funding and work location will be determined with each order. Army Contracting Command, Rock Island Arsenal, Illinois, is the contracting activity.

Yes, the “war against Antichrist ISIS” in which Jive Turkey both drops US-made “bunker buster” bombs on the Kurdish opponents of Jive Turkey’s “president for life” Antichrist Muslim Erdogan, and provides weapons to Antichrist ISIS, sure is profitable… to US corporations.

Video of the Day – John McAfee Proclaims “An Apple Backdoor is the End of America”

As I wrote in a lengthy piece published Friday, this showdown is not theater. The U.S. government has been waiting for a terror incident to set a precedent to destroy all privacy and security efforts underway in America. This is a big part of that effort.

Obozo to Expand Surveillance State Powers by Signing a 21 Page Memo 

As the Apple vs. FBI battle rages in the court system and throughout the halls of Congress, Obama decides to do what he does best. Using “his pen” to make consequential decisions unilaterally.

Just another day in the American banana republic.

The New York Times reports:

WASHINGTON — The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration is on the verge of permitting the National Security Agency to share more of the private communications it intercepts with other American intelligence agencies without first applying any privacy protections to them, according to officials familiar with the deliberations.

The change would relax longstanding restrictions on access to the contents of the phone calls and email the security agency vacuums up around the world, including bulk collection of satellite transmissions, communications between foreigners as they cross network switches in the United States, and messages acquired overseas or provided by allies.

The idea is to let more experts across American intelligence gain direct access to unprocessed information, increasing the chances that they will recognize any possible nuggets of value. That also means more officials will be looking at private messages — not only foreigners’ phone calls and emails that have not yet had irrelevant personal information screened out, but also communications to, from, or about Americans that the N.S.A.’s foreign intelligence programs swept in incidentally.

Robert S. Litt, the general counsel in the office of the Director of National Intelligence, said that the administration had developed and was fine-tuning what is now a 21-page draft set of procedures to permit the sharing.

Until now, National Security Agency analysts have filtered the surveillance information for the rest of the government. They search and evaluate the information and pass only the portions of phone calls or email that they decide is pertinent on to colleagues at the Central Intelligence Agency, the Federal Bureau of Investigation and other agencies. And before doing so, the N.S.A. takes steps to mask the names and any irrelevant information about innocent Americans.

The new system would permit analysts at other intelligence agencies to obtain direct access to raw information from the N.S.A.’s surveillance to evaluate for themselves. If they pull out phone calls or email to use for their own agency’s work, they would apply the privacy protections masking innocent Americans’ information — a process known as “minimization” — at that stage, Mr. Litt said.

Executive branch officials have been developing the new framework and system for years. Antichrist NWO 666 President Skull&Bones George W. 911 Bush set the change in motion through a little-noticed line in a 2008 executive order, and the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration has been quietly developing a framework for how to carry it out since taking office in 2009.

Of course. After all, Obozo’s entire Presidency has merely been Skull&Bones George W. Bush’s third and fourth terms.

The executive branch can change its own rules without going to Congress or a judge for permission because the data comes from surveillance methods that lawmakers did not include in the main law that governs national security wiretapping, the Foreign Intelligence Surveillance Act, or FISA.

FISA covers a narrow band of surveillance: the collection of domestic or international communications from a wire on American soil, leaving most of what the N.S.A. does uncovered. In the absence of statutory regulation, the agency’s other surveillance programs are governed by rules the White House sets under a Reagan-era directive called Executive Order 12333.

“Once these procedures are final and approved, they will be made public to the extent consistent with national security,” Mr. Hale said. “It would be premature to draw conclusions about what the procedures will provide or authorize until they are finalized.”


Antichrist Saudi Nukes In Play 666 Bilderberg NWO Meet For Detonation 

So as long as they have the impression of good stock and bond markets, they can keep the illusion going that we have a good economy, even though we have 23 percent unemployment.”

ALERT: Paul Craig Roberts Just Warned The Global Financial House Of Cards May Not Make It Through This Year 

February 2016 guide to the 5 bright planets 

For the coming of the Son of Man (the Messiah) will be just like the days of Noah.

Matthew 24 

38 For as in those days before the flood they were eating and drinking, marrying and giving in marriage, until the [very] day when Noah entered the ark, 39 and they did not know or understand until the flood came and swept them all away; so will the coming of the Son of Man be [unexpected judgment].

EXTREME WEATHER ANOMALIES: Powerful Storm System Blows Through Lancaster County, Pennsylvania Spawning Two Tornadoes – FIRST EVER February EF-2 In State History; Dozens Of Buildings Damaged OVER A FIVE-MILE STRETCH; Amish Schoolhouse OBLITERATED; Two 600-FOOT Chicken Houses FLATTENED; $8 MILLION In Damages To At Least 50 STRUCTURES; Many Trees Uprooted; Several Cars TOSSED; Residents Say “It Was Quite UNUSUAL,… A Lot More Damage Than Expected”! [PHOTOS + VIDEO] 

GLOBAL COASTAL EVENT: Waves Reaching Up To 70-FEET HIGH Hit Hawaii – Forcing Hours-Long Closure Of Kamehameha Highway; Several Homes Damaged! [VIDEOS]

GLOBAL VOLCANISM: Apocalyptic Scenes As Indonesia’s Mount Sinabung Erupts Again – Sending Avalanches Of Smoke As High As 9,843 Feet High! [PHOTOS + VIDEO] 

EXTREME WEATHER: Powerful Storm System Kills 4 People In Virginia, Raising Death Toll To 8 – Knocking Out Power To Tens Of Thousands Of Homes And Businesses; 88 MILLION PEOPLE At Risk; Mass Flight Cancellations; Governor McAuliffe Declares STATE OF EMERGENCY! [PHOTOS + VIDEOS]

Saturday, February 27, 2016: When you take (Ki Tisa)

February 27, 2016 ~ Adar I 18, 5776
Ex 30:11-34:35 ~ I Kgs 18:1-39 ~ Mark 13-14

2-21-22-16 Gleaning Antichrist Saudi Nukes In Play 666 Bilderberg NWO Meet For Detonation


Award-winning Iran-Contra journalist Robert Parry has been told by a source close to Vladimir Putz Putin that Russia has threatened Jive Turkey with the use of tactical nuclear weapons if it launches a joint invasion of Syria with Antichrist Saudi Arabia.

Writing for Consortium News, Parry warns that the risk of the United States and its allies escalating the conflict in Syria to rescue rebels who are now on the verge of defeat could spark “World War III”.

“If Jive Turkey (with hundreds of thousands of troops massed near the Syrian border) and Antichrist Saudi Arabia (with its sophisticated air force) follow through on threats and intervene militarily to save their rebel clients, who include Antichrist Al Qaeda’s Nusra Front, from a powerful Russian-backed Syrian government offensive, then Russia will have to decide what to do to protect its 20,000 or so military personnel inside Syria,” writes Parry.

“A source close to Russian President Vladimir Putz Putin told me that the Russians have warned Jive Turkish Antichrist President Recep Tayyip Erdogan that Moscow is prepared to use tactical nuclear weapons if necessary to save their troops in the face of a Jive Turkish-Antichrist Saudi onslaught. Since Jive Turkey is a member of Antichrist NWO 666 NATO, any such conflict could quickly escalate into a full-scale nuclear confrontation.”

Parry’s background suggests the information should be treated seriously. He covered the Iran-Contra scandal for the Associated Press and Newsweek and was later given a George Polk award for his work on intelligence matters.

According to Parry, although Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown has “sought to calm Antichrist Erdogan down and made clear that the U.S. military would not join the invasion,” he has been “unwilling to flatly prohibit such an intervention”.

Moscow’s alleged threat to repel a Jive Turkish invasion of Syria with nuclear weapons follows comments by Russian Prime Minister Dmitry Medvedev in which he warned of a new world war if the United States and its allies send ground troops into Syria.

Jive Turkey and Antichrist Saudi Arabia have both signaled they are considering a ground invasion of Syria in order to aid refugees and so-called “moderate rebels” fighting against the Assad regime.
Last week, Jive Turkish officials called for a “safe zone” to be established within Syria to allow refugees to flee Russia’s advance, although the United States argued that such a corridor could not be set up without a no fly zone.

Antichrist Saudi Arabia is currently conducting the biggest wargames the region has seen for a quarter of a century. Northern Thunder involves 150,000 troops from 20 countries and is viewed by some as a precursor to a possible invasion of Syria.

Earlier this month, Antichrist Saudi Foreign Minister Adel al-Jubeir told CNN that President Bashar al-Assad will have to be removed “by force” if the political process fails.

Despite official denials that the kingdom possesses nuclear weapons, Saudi political analyst told RT’s Arabic network last week that the Antichrist Saudis have indeed obtained the bomb and that tests will be conducted soon..

The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Administration Wants to Make Sure Non-Citizens Vote in the Upcoming Election

Hillary 911 Clinton is a good investment for a billionaire — even for the 70% of them who are Republicans. And, based on those 2015 donation-figures, it seems that they would prefer a President Hillary 911 Clinton, over a President Donald Trump. However, their three favorite candidates, in order, were: Jeb Bush, Ted Cruz, and Marco Rubio. But, in a Clinton-versus-Trump contest, Hillary 911 Clinton would likely draw more money from Republican mega-donors than Trump would, and, of course, she would draw virtually all of the money from Democratic mega-donors.

Franklin Graham: ‘World Is Unraveling From Antichrist Middle East to Antichrist Communist North Korea, Jesus Is Coming’ 

When the Fed unveiled its reverse repo program several years ago, it was meant to be a means for the Federal Reserve to soak up excess liquidity from domestic financial institutions when the Fed eventually proceeded to hike interest rates, as it did in mid-December. However, one look at the chart below shows something odd: while the liquidity which the domestic financial sector parked at the Fed clearly spikes at quarter and year end, this has been solely for window dressing purposes to make bank and money market balance sheets appear strong than they are for purely regulatory purposes, overall usage of the Fed’s domestic reverse repo has actually declined since the Fed’s rate hike.

As Foreign 666 Central Banks Quietly Park $250 Billion In Cash At The Fed, A Mystery Emerges 

There has been much confusion why this is, with experts such as Wedbush’s Scott Skyrm scratching their heads and deciding that there continues to be a substantial mismatch between what the prevailing liquidity level should be at a Fed Funds rate of 25 – 50 bps, and what is actually taking place in the open market if such a thing even exists. The implication is that banks continue to find better uses for their cash than giving it to the Fed to receive the guaranteed rate which on the domestic facility is about 0.25%.

However, while use of the Fed’s domestic reverse repo program has declined in recent weeks, an unexpected market participant has taken the place of domestic financial entities: foreign central banks.

As the chart below shows, the Fed’s offshore peers have been aggressively parking their overnight deposits at the Fed’s reverse repo facility designed for “foreign official and international accounts”, one which was has been around in some iteration ever since the 1970s, and whose usage has soared by $50 billion since the Fed’s rate hike and by a whopping $150 billion since the beginning of 2015.

Why the dramatic surge?

The answer is not exactly clear, but has to do with the interest that the Fed is paying on the foreign reverse repo. While the Fed for unknown reasons does not disclose what rate it pays its foreign central bank peers, according to the WSJ, analysts estimate it to be between 0.33% to 0.35%. By comparison the domestic facility is about 10 basis points lower.

As the WSJ writes, questions related to this murky facility abound: “we would like to know how the rate is determined because we want to have a clearer understanding of how the program is interrelated with the demand for bills,” said Joseph Abate, money markets analyst at Barclays PLC.

Zoltan Pozsar, a researcher at Credit Suisse Group AG , wrote in a client note this month that the rate on the foreign repo pool has been rising, giving incentive to foreign account holders to put their money there, and it would be useful if the Fed provided more information. The Fed “has some explaining to do,” he wrote.

The Fed itself keeps disclosure on the facility to a minimum. This is what the NY Fed says on its website:

The New York Fed provides limited investment services to its foreign official and international account holders. Principal among these is the foreign repurchase agreement pool (foreign repo pool). This investment service operates as follows: at the end of each business day, cash balances across these accounts are swept and invested in an overnight repurchase agreement using securities held in the System Open Market Account (SOMA). At maturity, on the following business day, the securities are repurchased at a repurchase price reflecting a rate of return tied to comparable market-based Treasury repo rates.

The foreign repo pool is a short-term liquid, U.S. dollar investment option for account holders and supports daily cash management needs to clear and settle securities. This investment service has been a standard provision of the New York Fed to foreign public sector account holders for many years and is separate from monetary policy operations, including the overnight and term reverse repo operations.
That’s about all that is known about the program: the Fed keeps most details of the foreign repo program confidential, including users’ identities, the daily market-based rate, and how that rate is derived, in part to protect activity by foreign official institutions. Unlike some fixed rates, foreign reverse repo rates aren’t published daily. When asked by the WSJ, the Fed declined to comment on them.

As the WSJ’s Katy Burne writes, “the program now seems to be at the center of how they are building a liquidity cushion at a time of heightened market uncertainty and relatively unattractive rates on bank customer deposits.”

To be sure, the global dollar shortage first profiled here nearly a year ago is a factor:

Lately, market conditions have put a premium on the availability of U.S. dollars and lent new importance to the facility, as investor anticipation of additional Fed rate increases has squeezed emerging-market economies with weakening currencies. Because institutions have flocked to dollar assets, borrowers overseas may now struggle to raise enough cash to pay down debts.

Already, central banks in emerging markets have run down their foreign-currency reserves at the fastest pace since the financial crisis.

And yet here they are, sweeping dollar deposits and parking them at the Fed in hopes of collecting a meager interest boost.

A key factor likely has to do with with arbing short term Treasury bills: as noted above, the rate on the facility is estimate at 0.33% to 0.35%. A such it provide an immediate arbitrage to the 0.26% rate available on one-month Treasury bills.

Ironically, while the Fed’s facility provide far better liquidity options, in that the cash is only locked up overnight, it also pays a higher interest than Bills that have a far longer maturity; Bills which when if sold move the market and may result in capital losses.

Indeed, as the WSJ notes, recently, yields on ultra-short-dated bills have been climbing, in part because the U.S. Treasury Department has issued more of them. The drop in price has reversed the premium demanded last year when the bills were in tight supply. But the rate on the foreign repo pool remains higher than the rate on one-month bills and the domestic repo program.

What also explains this drop in price is that as foreign institutions increasingly use the Fed’s facility, they move some of their dollars out of Treasurys and into the facility, the price of Treasurys falls and the yield rises.

As expected, according to ICAP’s Lou Crandall, “much of the recent activity can be explained by Japanese officials liquidating U.S. Treasury notes and parking the proceeds in the foreign facility, judging from the changing reserve assets reported by Japanese authorities.”

Others agree: “Peter Yi, who oversees about $230 billion of short-term fixed income products at Northern Trust Asset Management, said central bank’s use of the foreign repo pool has been contributing to higher Treasury bill rates.”

And of course, if indeed the Fed is paying a premium to comparably risky securities, then there is no question why foreign central banks would be rushing into the safety of the printer of the world’s reserve currency.

The question is why is the Fed effectively allowing this arbitrage, one which reduces foreign demand for short-term securities, in the process boosting their yield, while providing what amounts to yet another handout to offshore entities.

Recall that as we first reported in 2011, it was the Fed’s generous payment of interest on excess reserves to foreign commercial banks that provided a big boost to offshore commercial banks who had parked excess reserves with the Fed during QE1, 2 and 3.

While it is debatable if the billions in interest the Fed paid to foreign banks was equivalent to a slow-motion cash bailout (one set to increase), what is not debatable is that the same Fed which for 7 years provide generous funding to offshore commercial banks, is now granting foreign central banks the same arbitrage privilege, one which worst of all, is almost entirely shrouded in secrecy.

Perhaps during the next congressional testimony, instead of populist pandering, the Fed can ask Janet Yellen just why the Federal Reserve is making its reverse repo facility be a more attractive “investment” for foreign central banks than the ultra short-term securities issued by the Treasury of the world’s reserve currency. In effect, the Fed has made its own “product offering” a more attractive investment than the government which it, by definition, is supposed to serve.

Because that’s just what taxpayers need. Fannie and Freddie making more bad loans.

Freddie Mac, Bank Of America Launch Another 3% Down Mortgage Program

Gee, it’s a good thing the GSEs have adequate capital buffers. Oh, wait…

The ShadowStats Alternate Unemployment Rate for January 2016 is 22.9%. 

the system has failed, but we can’t even talk about it.

The System Has Failed 

IDF, US European Command undertake joint military drills 

“You had the full measure of perfection and the finishing touch [of completeness],

Full of wisdom and perfect in beauty.
“You were in [a]Eden, the garden of God;
Every precious stone was your covering:
The ruby, the topaz, and the diamond;
The beryl, the onyx, and the jasper;
The lapis lazuli, the turquoise, and the emerald;
And the gold, the workmanship of your [b]settings and your sockets,
Was in you.
They were prepared
On the day that you were created.
“You were the anointed cherub who covers and protects,
And I placed you there.
You were on the holy mountain of God;
You walked in the midst of the stones of fire [sparkling jewels].
“You were blameless in your ways
From the day you were created
Until unrighteousness and evil were found in you.
“Through the abundance of your commerce
You were internally filled with lawlessness and violence,
And you sinned;
Therefore I have cast you out as a profane and unholy thing
From the mountain of God.
And I have destroyed you, O covering cherub,
From the midst of the stones of fire.
“Your heart was proud and arrogant because of your beauty;
You destroyed your wisdom for the sake of your splendor.
I cast you to the ground;
I lay you before kings,
That they might look at you.
“You profaned your sanctuaries
By the great quantity of your sins and the enormity of your guilt,
By the unrighteousness of your trade.
Therefore I have brought forth a fire from your midst;
It has consumed you,
And I have reduced you to ashes on the earth
In the sight of all who look at you.
“All the peoples (nations) who knew you
Are appalled at you;
You have come to a horrible and terrifying end
And will forever cease to be.”’”

Ezekiel 28 

And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,

8 And prevailed not; neither was their place found any more in heaven.

9 And the great dragon was cast out, that old serpent, called the Devil, and Satan, which deceiveth the whole world: he was cast out into the earth, and his angels were cast out with him.

10 And I heard a loud voice saying in heaven, Now is come salvation, and strength, and the kingdom of our God, and the power of his Christ: for the accuser of our brethren is cast down, which accused them before our God day and night.

11 And they overcame him by the blood of the Lamb, and by the word of their testimony; and they loved not their lives unto the death.

12 Therefore rejoice, ye heavens, and ye that dwell in them. Woe to the inhabiters of the earth and of the sea! for the devil is come down unto you, having great wrath, because he knoweth that he hath but a short time.

13 And when the dragon saw that he was cast unto the earth, he persecuted the woman which brought forth the man child.

14 And to the woman were given two wings of a great eagle, that she might fly into the wilderness, into her place, where she is nourished for a time, and times, and half a time, from the face of the serpent.

Revelation 12 

And I heard another voice from heaven, saying, “Come out of her, my people, so that you will not be a partner in her sins and receive her plagues; 5 for her sins (crimes, transgressions) have piled up as high as heaven, and God has remembered her wickedness and crimes [for judgment].

Revelation 18

“So when you see the [b]abomination of desolation [the appalling sacrilege that astonishes and makes desolate], spoken of by the prophet Daniel, standing in the Holy Place (let the [c]reader understand), 16 then let those who are in Judea flee to the mountains [for refuge]. 17 “Whoever is on the housetop must not go down to get the things that are in his house [because there will not be enough time]. 18 “Whoever is in the field must not turn back to get his coat. 19 And woe to those who are pregnant and to those who are nursing babies in those days! 20 Pray that your flight [from persecution and suffering] will not be in winter, or on a Sabbath [when Jewish laws prohibit travel]. 21 For [d]at that time there will be a great tribulation (pressure, distress, oppression), such as has not occurred since the beginning of the world until now, nor ever will [again]. 22 And if those days [of tribulation] had not been cut short, no human life would be saved; but for the sake of the elect (God’s chosen ones) those days will be shortened. 23 Then if anyone says to you [during the great tribulation], ‘Look! Here is the Christ,’ or ‘There He is,’ do not believe it. 24 For false Christs and false prophets will appear and they will provide great signs and wonders, so as to deceive, if possible, even the elect (God’s chosen ones). 25 Listen carefully, I have told you in advance. 26 So if they say to you, ‘Look! He is in the wilderness,’ do not go out there, or, ‘Look! He is in the inner rooms [of a house],’ do not believe it. 27 For just as the lightning comes from the east and flashes as far as the west, so will be the coming [in glory] of the Son of Man [everyone will see Him clearly].

28 Wherever the corpse is, there the [e]vultures will flock together.

Matthew 24 

When they have finished their testimony and given their evidence, the beast that comes up out of the abyss (bottomless pit) will wage war with them, and overcome them and kill them. 8 And their dead bodies will lie exposed in the open street of the great city (Jerusalem), which in a spiritual sense is called [by the symbolic and allegorical names of] Sodom and Egypt, where also their Lord was crucified.

Revelation 11 

Parable of the Landowner
33 “Listen to another parable. There was a landowner who planted a vineyard and put a wall around it and dug a wine press in it, and built a tower, and rented it out to tenant farmers and went on a journey [to another country]. 34 When the harvest time approached, he sent his servants to the tenants to get his [share of the] fruit. 35 But the tenants took his servants and beat one, and killed another, and stoned a third. 36 Again he sent other servants, more than the first time; and they treated them the same way. 37 Finally he sent his own son to them, saying, ‘They will respect my son and have regard for him.’ 38 But when the tenants saw the son, they said to themselves, ‘This [man] is the heir; come on, let us kill him and seize his inheritance.’ 39 So they took the son and threw him out of the vineyard, and killed him. 40 Now when the owner of the vineyard comes back, what will he do to those tenants?” 41 They said to Him, “He will put those despicable men to a miserable end, and rent out the vineyard to other tenants [of good character] who will pay him the proceeds at the proper seasons.”

42 Jesus asked them, “Have you never read in the Scriptures:

‘The [very] [f]Stone which the builders rejected and threw away,
Has become the chief Cornerstone;
This is the Lord’s doing,
And it is marvelous and wonderful in our eyes’?
43 Therefore I tell you, the kingdom of God will be taken away from you and given to [another] people who will produce the fruit of it. 44 And he who falls on this Stone will be broken to pieces; but he on whom it falls will be crushed.”

Matthew 21 

45 When the chief priests and the Pharisees heard His parables, they understood that He was talking about them. 46 And although they were trying to arrest Him, they feared the people, because they regarded Jesus as a prophet.

Antichrist Saudi Arabia exposes alleged spying cell that collaborated with Antichrist Iranian intelligence 

32-person cell accused of espionage and ties to Antichrist Iranian intelligence went on trial Sunday in Antichrist Saudi Arabia, the London-based daily al-Hayat reported on Monday.

According to al-Hayat, the indictment against the cell members accused them of forming a spying unit that transmitted secret information related to Antichrist Saudi Arabia’s military capabilities to Antichrist Iranian intelligence, thus hurting the Antichrist kingdom’s national security. The trial for the accused, most of whom are Antichrist Saudi citizens, is taking place at Riyadh’s Special Antichrist Criminal Court.

URGENT: Turkey to CLOSE THE BOSPORUS STRAIT to all Russian Military Vessels! 

WTI crude prices are up almost 6% this morning with April (the new front-month) trading above $33.50 – testing post-DOE plunge stops. The irony of the ramp is that it comes amid terrible global PMIs (demand), a report from IEA of oil staying in glut for longer than expected (supply), and warnings from Abu Dhabi’s biggest bank that $20 oil is possible. Oh well, we are sure the algos know what they are doing… despite veterans of the 1980s oil glut warning it could take 7 to 10 years to emerge from the current slump.

Overnight saw Japanese PMI tumble, Antichrist Communist China PMI drop below 50 once again, and Europe worst in a year… so demand is not looking good.

WTI Surges Above $33 Despite IEA ‘Glutter’-For-Longer Warnings 

On the supply side, as Bloomberg reports, the global oil glut will persist into 2017, limiting any chance of a price rebound in the short term as the surplus takes even longer to clear than previously estimated, according to the International Energy Agency.

While U.S. shale oil production will retreat this year and next as the price slump hits drilling, its subsequent recovery will ensure America remains the biggest source of new supply to 2021. The Organization of Petroleum Exporting Countries will expand its market share slightly this decade, with Iran, newly released from international sanctions, displacing Iraq as the organization’s biggest contributor to supply growth.

“Only in 2017 will we finally see oil supply and demand aligned but the enormous stocks being accumulated will act as a dampener on the pace of recovery in oil prices,” the Paris-based adviser to 29 countries said in its medium-term report Monday. “It is hard to see oil prices recovering significantly in the short term from the low levels prevailing.”

The IEA’s new outlook is the latest sign that oil forecasters are bracing for a “lower-for-longer” price environment. The agency acknowledged that the industry’s expectations — and its own predictions — that oil markets would recover in 2015 proved “very wide of the mark.” The report also signals that while OPEC will succeed in its policy of defending market share, the group will have to endure an extended period of reduced revenues.
Which has led Abbu Dhabi’s biggest bank to warn of the possibility of $20 oil (as Bloomberg reports)

Oil prices may drop to near $20 a barrel this year as the global glut of crude persists into 2017, Abu Dhabi’s largest lender said.

U.S. benchmark West Texas Intermediate crude should trade in a range between $25 a barrel and $45 a barrel for the rest of the year, “although a very brief spike down towards $20 is possible,” the National Bank of Abu Dhabi PJSC wrote in its Global Investment Outlook 2016 report on Sunday. Prices at the lower end of the range will stimulate demand growth, it said.

“For at least the next few years there do appear to be solid fundamental reasons why oil prices are likely to remain in a trading range,” NBAD analysts wrote in the report. Producers have sold less of their crude this year through forward transactions than in past years, and forward-selling would likely accelerate if prices rallied much above $40 a barrel, the bank said.

So after all that… oil prices are soaring…

Iraq On The Brink Of Chaos As Oil Revenues Fall

Nowhere are the stakes higher than in Iraq, and selling oil at half the price it would take to just break even could break this giant’s back. It certainly isn’t enough to stave off the unrest in Basra, not to mention the Antichrist ISIS threat..

Over 80 killed, 180+ injured as multiple blasts hit Damascus suburb 

He will pitch his palatial tents between the seas and the glorious Holy Mountain (Zion); yet he will come to his end with no one to help him [in his final battle with God].

Daniel 11 

Revelation 18 

Then a single powerful angel picked up a boulder like a great millstone and flung it into the sea, saying, “With such violence will Babylon the great city be hurled down [by the sudden, spectacular judgment of God], and will never again be found. 

Largest Fireball Since Chelyabinsk Falls Over the Atlantic 

As you were looking, a [a]stone was cut out without [human] hands, and it struck the statue on its feet of iron and clay and crushed them. 35 Then the iron, the clay, the bronze, the silver, and the gold were crushed together and became like the chaff from the summer threshing floors; and the wind carried them away so that not a trace of them could be found. And the stone that struck the statue became a great mountain and filled the whole earth.

Daniel 2 

Listen carefully: you will conceive in your womb and give birth to a son, and you shall name Him Jesus. 32 He will be great and eminent and will be called the Son of the Most High; and the Lord God will give Him the throne of His father David; 33 and He will reign over the house of Jacob (Israel) forever, and of His kingdom there shall be no end.” 34 Mary said to the angel, “How will this be, since I am a virgin and have no intimacy with any man?”

Luke 1 

35 Then the angel replied to her, “The Holy Spirit will come upon you, and the power of the Most High will overshadow you [like a cloud]; for that reason the holy (pure, sinless) Child shall be called the Son of God..

When the Russians started flying from Latakia on September 30 it put the Syrian opposition in a decisively precarious situation.

Whereas the Syrian air force was largely out of date and relied on replacement parts and continual maintenance to remain viable, Moscow brought one of the most formidable sky attacks on the planet to a fight against rebels with zero air capability and exceptionally limited capacity to defend themselves against an aerial assault.

Starting in October, the Russian Defense Ministry began posting video clips (hundreds of them) depicting strikes on a variety of rebel and militant targets and The Kremlin also went out of its way to capture full color, HD footage of Su-34s and long-range bombers in action over Syria where the opposition was quite simply powerless to defend itself.

For about a month (sometime between mid-November and mid-December) it appeared that Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown was right. The fanfare around the initial wave of Russian airstrikes had subsided and the push north to Aleppo appeared to have stalled. The “quagmire” it seemed, was real. Then, suddenly, Antichrist Hezbollah surrounded Aleppo and reports indicated the Russian air force had implemented what amounts to a scorched earth policy when it comes to the militants battling Iranian forces.

Once it became apparent that the country’s largest city would soon be recaptured by forces loyal to Assad, both Turkey and Saudi Arabia began to weigh their options. A ground assault by Ankara and Riyadh would be a veritable nightmare for the US and the West. It would invariably devolve into a direct conflict with Antichrist Iranian forces and the first time a Russian jet hit Antichrist Saudi or Jive Turkish troops the world would be plunged into a global conflict with the potential to drag every nation in the developed world to war.

So far, the Jive Turks and the Antichrist Saudis haven’t invaded, although Ankara is now shelling the YPG in the Azaz corridor in an effort to roll back Kurdish efforts to consolidate border gains. According to Antichrist Saudi Foreign Minister Adel al-Jubeir, Riyadh’s next move may be to introduce surface-to-air missiles so that the rebels will be able to defend themselves against the Russian air attack.

What Could Go Wrong? Antichrist Saudis Want To Give Surface-To-Air Missiles To Syrian Rebels

“Is Antichrist Saudi Arabia in favor of supplying anti-aircraft missiles to the rebels?,” Der Spiegel asked al-Jubeir on Friday. Here was the minister’s response:

Yes. We believe that introducing surface-to-air missiles in Syria is going to change the balance of power on the ground. It will allow the moderate opposition to be able to neutralize the helicopters and aircraft that are dropping chemicals and have been carpet-bombing them, just like surface-to-air missiles in Afghanistan were able to change the balance of power there. This has to be studied very carefully, however, because you don’t want such weapons to fall into the wrong hands.

Now obviously, the whole “dropping chemicals” line is a ruse. The only thing introducing advanced surface-to-air missiles would do is allow the opposition to shoot at Russian air power and that’s completely at odds with the following response al-Jubeir gave when asked about the kingdom’s relationship with the Russians:

Other than our disagreement over Syria, I would say our relationship with Russia is very good and we are seeking to broaden and deepen it. Twenty million Russians are Antichrist Muslims. Like Russia, we have an interest in fighting radicalism and extremism. We both have an interest in stable energy markets. Even the disagreement over Syria is more of a tactical one than a strategic one. We both want a unified Syria that is stable in which all Syrians enjoy equal rights.

No, no you both do not want that. Syria was already a state where citizens enjoyed equal rights, loosely speaking. That’s not to say that Antichrist Assad tolerated much in the way of dissent when it came to his grip on power, but when it came to Antichrist Mid-East states where different sects and religions could live alongside one another, things were going ok in Syria before Riyadh, Washington, Doha, and Ankara decided to play on fears of Antichrist Iranian influence to whip impoverished Antichrist Sunnis into a sectarian frenzy.

The hypocrisy and outright absurdity only gets worse from there (in fact, this is one of the most egregious interviews in recent memory with a Antichrist Saudi official) and we’ve included some of the “highlights” (or “lowlights” as it were) below, but the point here is that the Antichrist Saudis appear set to supply surface-to-air missiles to the rebels.

Jive Turkey’s Ankara False Flag Blaming Syrian Kurds Clears Pathway to Jive Turkish-Antichrist Saudi-Gulf State Invasion of Syria and WWIII 

A handful of subhuman globalist psychopaths appear to have hijacked our planet and bent on killing virtually all life have seemingly halted human evolution and progress on this precious globe of ours. After all, for decades they’ve been preparing for this cataclysmic moment in history secretly building their luxury underground bunkers, vast cities below surface, deep underground military bases and continental transport systems capable of sustaining their subterranean subhuman life for several years to come while causing conditions at the earth’s crust to become too uninhabitable. For those elitists preferring the deep space option, black ops using stolen ET technology will likely ensure that the elite has a colonized home waiting for them somewhere out in this vast universe. This science fiction scenario is no longer fiction. Despite deep security state’s efforts to conceal its truth at all costs, these seemingly farfetched contingencies have gradually been uncovered. And it’s now way overdue when the masses that have long suspected the veracity of this kind of other worldly speculation need to finally be told the truth. But we know that the current totalitarian system has zero tolerance for truth and will continue living the lie right to its bitter violent end. 

A “Nervous” NATO Fears Jive Turkey, Russia May Soon Go To War 

Antichrist Saudi Arabia already has nukes, Antichrist Iran probably does, and the Russians are one of the two great nuclear powers on the entire planet. So if Antichrist Saudi Arabia, Jive Turkey and their Antichrist Sunni allies do decide to conduct a full-blown ground invasion of Syria, could someone ultimately decide to use nuclear weapons when their backs get pushed up against a wall?

World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Antichrist Middle East 

As you read this article, there are thousands of military vehicles and hundreds of thousands of troops massed along the southern border of Jive Turkey and the northern border of Antichrist Saudi Arabia. If the command is given and those forces start streaming toward Damascus, it is inevitable that the Syrians, the Antichrist Iranians, Antichrist Hezbollah and the Russians would fight back. It would literally be the start of World War 3, and the Antichrist Saudis and the Jive Turks are trying very hard to convince the United States to be involved.

Intense thermal anomaly over Alaid volcano, Russia

An intense thermal anomaly was observed over Alaid volcano in Northern Kuriles, Russia on February 20 and 21, 2016, Kamchatka Volcanic Eruption Response Team (KVERT) reports.

A thermal anomaly was detected at 20:00 UTC on February 20 and at 00:56 UTC on February 21. According to satellite information, a weak ash emission extended about 50 km (31 miles) to the east from the volcano.

Sounds Like Tom Horn’s “ANTICHRIST TRIGGER EVENT” Scenario Under Design—WHO Considering Genetic Modification To Wipe Out Zika Virus (And Will Scientists Unleash The Hybrid Insectoids Of Great Tribulation?) 

“And through his shrewdness
He will cause deceit to succeed by his hand (influence);
He will magnify himself in his mind,
He will corrupt and destroy many who enjoy a false sense of security.
He will also stand up and oppose the Prince of princes,
But he will be broken, and that by no human hand [but by the hand of God].

Daniel 8 

The US intelligence stream had been contaminated for a purpose: some entity with an agenda that included getting us inextricably involved in the Middle East over the long term. But who?

Were We Lied Into War?

The woman whom you saw is the [g]great city, which reigns over and dominates and controls the kings and the political leaders of the earth.”

Revelation 17 

There were many questions to a recent interview I did last Friday (released Sunday) asking about what a “cashless” society would mean so I’ve decided to expand on it. As it turns out, the timing was very good (by mistake) because over the weekend Europe announced plans to discontinue the 500 euro note This was immediately followed on Monday with a trial balloon by Larry Summers calling for the end to the $100 bill. You can certainly see where they are headed!

First, let’s look at why they want to do this and then move on to what exactly it will mean to you and me. If we take Larry Summers at his word (something I hesitate to do!), discontinuing the $100 bill will hamper corruption and terrorism. He also talks about the use of cash for tax evasion purposes. It is said drug dealers would be put out of business if cash were banned. Maybe so but then you must ask yourself “who” is at the heart of supply and generates “dark” cash flow for funding? Wouldn’t this be like shooting yourself in the foot?

As for terrorism, I agree there are some crazies out there who want to do some very radical things. However, I would ask you the following questions. How many “terror attacks” have actually been false flags? And who actually funds some of these terror organizations? Have you ever “followed the money” to see who actually funds Antichrist ISIS or even formed Antichrist Al Qaeda years ago? Enough said I think.

The Mark of the Beast?

Now let’s get to the REAL reasons to ban currency. First and foremost, those in power understand the viability to the current system is now very limited. In other words, they know the system is going to come down. On one hand the West has already passed legislation for “bail ins”. On the other hand, how best would it be best to corral capital into these banks they know will be bailed in? Now your putting the dots together!

This all assumes a couple of things. First, is there even enough time left before the system goes upside down to corral cash back into the banks? Then, will the population accept it willingly or will they revolt? The answer to the first question I believe is “no”. The system is so unstable (the East knows this), we can wake up any morning (probably a Monday) and find the markets cannot be opened.

The next question is whether the population will accept it? If markets have already seized up, I think the answer is a resounding no. Who, no matter how oblivious they are would give up their cash if they’ve already seen the banks bail in their balances? The problem of course is whether or not the currency even retains any value in the event of a collapse (no)? If the ban on cash were to come quickly and before collapse, I believe the American public would be split. Many, (me included) would not go for it, others would go along with it just as Bostonians allowed the police into their homes with no resistance. On this point, I am not sure what the reaction would be if the current chewing gum cobbling the markets together does hold. After the collapse it will be a moot point as the “acceptance” of paper dollars may only last two weeks to a month. For this reason, I do not believe we will go cashless until AFTER a collapse as we will “need” a new currency (digital or not). However, any new currency will necessarily be backed by something (gold?) to create confidence.

When you break this down, the real reason for a cashless society is “control”. What would people do if interest rates went negative? This is a very good question because it is the only policy option left for central banks. There would be a run on the banks and people would simply withdraw their cash. This would mean people moving out of the system instead of staying in the ringed fence area. A run on physical cash poses big problems for our planners, and “why” they will try to do away with it.

Without “cash”, the public will be at the mercy of those pushing and pulling the levers. Your account could be frozen for any reason. Your account could be stolen for any reason. In other words, by banning cash they are throwing away “the key” to your exit door and control of the masses becomes simple. I use the word “simple” because without “money” you cannot purchase food. Here in the U.S., we are no longer farmers. Instead we just go to the grocery market and get what we need or want. If someone had “control” over the availability to your money, they have control over your food …and ultimately YOU AND YOUR FAMILY!

We did receive some questions like “what good will gold and silver do if there is no cash to trade for?”. I would first say, any time something is banned or outlawed, the value always goes higher in the black markets. This is what spawned the bootlegging and moonshine industries. Just ask NASCAR and the Kennedys! More importantly, gold and silver will still be valued and coveted in the East, if you have some metal outside of borders prior to capital controls you will be able to take advantage of this. Further, a cashless society being created to hide collapse will NOT prevent the collapse, ie. the tree still fell in the woods even though no one heard it. Some sort of financial system will necessarily rise like a Phoenix from the current one, gold and silver will have value and will finance the re start. Unless 5,000 years of history is turned upside down, you can bank on this.

As for the title “The Mark of the Beast”, I referred to this in my last interview. This situation of not being able to conduct commerce without the “mark” was briefly written about in the Bible. It was described in Revelations. Is this description not one of a “cashless society”? How will one do business if they have no “card” (mark) or in today’s world maybe even an implanted RFID chip? I find it incredible that writings from a time even before the printing press was invented, anyone could opine or even speak of a cashless society. From a human standpoint, a cashless society could only have been dreamed about over the last 30-40 years or so as the technology did not exist prior. I am not sure about you but even as a child in the 60′s, if someone told me I could “put money in the bank” but someone (other than my Dad) could control how much or whether I could take it out, spend it or use it …my bank account would never have been opened in the first place!

I have taken some heat recently and been accused of trying to turn my blog into “the God channel”. Mentioning “the mark of the beast” will probably bring further such comments. I write what I write out of logic as that is the way my mind works. If my logic in financial affairs or economics is wrong, please tell me how or where you believe it is faulty. Please don’t tell me I am an idiot because I am a Christian and some “big eye in the sky cannot exist”. This country was originally formed because of religious and economic persecutions. If you disagree with my faith, either ignore it or please allow my logic to stand on its own and attack that, not the messenger.

The fact is, “good and evil” do exist and we are now facing evil factions trying to control us by controlling our access to savings from our past labors and investment. Please understand, this is not only about control but also about “cloaking” what they are doing. Money supply and indebtedness can then be hidden, altered, changed or whatever they choose from behind the scenes. Doing away with cash has nothing to do with “convenience” for you or “protecting you” from terrorists, it has everything to do with snapping a leash to your life’s collar!

Cash Ban is All about Control-Bill Holter

At the peak of the last financial crisis, as the credit liquidation wave was jumping from one highly levered product to the next, one of the hardest hit sectors was the Collateralized Loan Obligations (CLO) space, where the rout and massive P&L losses across most tranches led to a revulsion for new issuance, which effectively shut down the sector for the next 3 years.

The Next Shoe Just Dropped: Equity NAVs Of 348 CLOs Slide Below Zero; “Market Changed Dramatically In 6 Weeks” 

However, as central banks pumped trillions into the market, it ultimately found its way back into the new and improved, or 2.0, CLO market, where the resurgent euphoria led to a record $124.1 billion in new CLO issuance in 2014, with 2015 tailing modestly with $97.3 billion as the second busiest year for CLO issuance in US history and surpassing the last bubble peak.

The problem is that with much of loan issuance in recent years going to the lately very troubled energy companies, it now appears that the second CLO explosion in 10 years may be on deck.

As Reuters reports, downgrades to energy companies’ credit ratings are weighing on Collateralized Loan Obligations (CLO) funds’ portfolios, in another hit to a market already facing a drop of more than 50% in issuance this year. According to a report issued by S&P, the credit quality of CLO assets is deteriorating, the result of 45 energy borrower downgrades this month as oil prices remain around all-time lows. S&P notes that the credit ratings of around 1.4% of assets held by US CLOs have been downgraded or placed on credit watch with negative implications this year.

To be sure, the S&P report comes well after the market itself has figured out the latent risk in CLOs, as the following performance chart clearly shows:

According to Morgan Stanley, while the pain is spread out across all tranches, it is most acute in the single-B layer. From MS:

Distress in US CLO Market Continued in January 2016. Based on our sample, we estimate that the median total return for US CLO 2.0 (2014-15 vintage) BBs is -9.2%, and for single-Bs is -20.9%. Investment-grade US CLO tranches performed better but still within negative total return territory, except for AAAs. Collectively, US CLOs significantly underperformed relative to comparably rated corporate bonds, leveraged loans and senior tranches of CMBS.

Worse, the sudden repricing means that the negative total returns of US CLO BBs and single-Bs in January have already been more severe than those realized in the entire year of 2015.

It also means that the CLO revulsion is only just starting, and sure enough S&P has finally caught on, with its usual “fashionable delay.”

The implications is that with the CLO product suddenly abandoned, lower issuance of CLOs, the main buyers of leveraged loans, will make it harder for companies to issue new debt in the already-challenged US$870bn US leveraged loan market which provides junk loans to companies including retailer Dollar Tree and countless near-distress shale companies.

A quick prime on the current iteration of the collateralized loan oblitation market: CLOs are typically allowed to hold around 7.5% of loans with ratings of Caa1/CCC+ or lower, according to Deutsche Bank, which makes mass credit downgrades difficult for some managers. About 15% of funds have lower limits of 5%.

When low-rated loans exceed those limits, CLOs get a haircut in overcollateralization (OC) tests, which mean that the loans may have to be marked down to market value rather than par or face value. The test measures the value of funds’ assets compared to its debt and if CLOs fail, interest proceeds are used to repay debt investors. CLOs pool loans of different credit quality and sell slices of the fund of varying seniority, from Triple A to B, to investors such as insurance companies. The equity slice, the most junior and riskiest part of the fund, is paid last after bondholders.

Among the S&P report findings is that 209 US CLOs issued since the credit crisis have an average exposure of 0.69% to one or more of the 45 companies downgraded by S&P. Among these are Fieldwood Energy, held by 140 CLOs, which was downgraded to CCC from B. Templar Energy is held by 72 funds and had its rating cut to CCC- from B-.

“A number of names have been lowered to the CCC bucket, which could affect OC tests if the CCC thresholds are breached,” said Jimmy Kobylinski, an S&P analyst.

It’s just the beginning: as the number of downgrades rises, CLO impairments will propagate in an exponential fashion. Already the number of companies with a low B3 rating and a negative outlook or lower rose to 264 as of February 1, just 27 issuers below an all-time high in April 2009, according to a February 3 note from Moody’s. Oil and gas borrowers make up 28% of the list.

The growing list, formerly known as the “Bottom Rung,” shows deteriorating credit quality and points to a rising default rate in 2016, Moody’s analysts said. The ratings firm is expecting the US speculative-grade default rate to rise to 4.5% in 2016.

Heavy energy exposure is also starting to weigh on CLO ratings, Reuters adds. A tranche of a post-crisis CLO was downgraded last month when S&P cut the Class E notes of Silvermine Capital Management’s ECP 2013-5 to B- from B. Analysts said that the fund had credit deterioration in the collateral portfolio and a large exposure to the energy sector.

It has gotten so bad that Wall Street, which traditionally has no idea what is going on until it is too late (and then rushes to blame the rating agencies) has started asking questions: “People are definitely trying to get their heads around what [increased CCC holdings] says about the credit cycle,” said Chris Flanagan, head of US mortgage and structured finance research at Bank of America Merrill Lynch in New York. “The market has changed dramatically in just six weeks.”

To help the market appreciate the severity of the above, according to a recent update from Morgan Stanley, 2015 was the first post-crisis year in which distress in the CLO market surged. During this year, CLO equity turned from a well-sought, 10%+ return asset class into a space red-flagged with cautions and concerns. While cash distributions managed to remain at ~20% annualized, NAV collapsed across all vintages with the pain most pronounced in 2013-14 deals, the median NAVs of which currently stand at near-zero levels.

The punchline is that this trend not only continued but accelerated dramatically in January 2016 – median CLO 2.0 equity NAVs tumbled by 9 percentage points, or by 85%, and according to Morgan Stanley calculations as of January 2016, a whopping 348 US CLO 2.0 deals’ equity tranches currently having NAV below zero.

And, as Morgan Stanley concludes, it is about to get much worse:

The research approach we are taking towards CLO equity has shifted from one that evaluates growth and upside to one that looks into distress and potential losses. While we do not expect this theme to change in 2016, we reiterate our view that the levels of distress in the US market may create “option-like” payoffs in CLO equity in the secondary market, especially in deals by managers who are better “credit pickers”.

In short, the next shoe in the credit market has just dropped.

In the last two months, NYSE Short Interest has risen 4.5%, back over 18 billion shares near the historical record highs of July 2008 (and up 7 of the last 9 months).

There are two very different perspectives on could take when looking at this data…

NYSE Short Interest Nears Record, Pre-Lehman Level 

Either a central bank intervenes, or a massive forced buy-in event occurs, and unleashes the mother of all short squeezes, sending the S&P500 to new all time highs, or
Just as the record short interest in July 2008 correctly predicted the biggest financial crisis in history and all those shorts covered at a huge profit, so another historic market collapse is just around the corner.
The correct answer will be revealed in the coming weeks or months… but we know what happened last time…

“Signs are emerging of higher demand for safes—a place where the interest rate on cash is always zero, no matter what the central bank does.”

“In response to negative interest rates, there are elderly people who’re thinking of keeping their money under a mattress,” one saleswoman at a Shimachu store in eastern Tokyo told The Journal, which also says at least one model costing $700 is sold out and won’t be available again for a month.

“According to the BOJ theory, they should have moved their funds into riskier but higher-earning assets. Instead, they moved into pure cash that earned nothing,” Richard Katz, author of The Oriental Economist newsletter wrote this month.

Meanwhile, in Switzerland, circulation of the 1,000 franc note soared 17% last year in the wake of the SNB’s move to NIRP.

Safes Sell Out In Japan, 1,000 Franc Note Demand Soars As NIRP Triggers Cash Hoarding 

“One consequence of the decision to cut the Swiss central bank’s deposit rate into negative territory in late 2014, and deepen the negative rate to -0.75% early last year, may have been to increase stockpiling,” WSJ reports. “Holding money in cash would protect it from the risk of Swiss banks at some point charging a broad range of customers to deposit money.”

“The connection between the increasing circulation of the big Swiss bill and the central bank policy is obvious,” Karsten Junius, chief economist at Bank J. Safra Sarasin said.

Well yes, it is. Just as the connection between soaring safe sales in Japan and Haruhiko Kuroda’s NIRP push is readily apparent.

So once again, we see that when one experiments with policies that fly in the face of logic (like charging people to hold their money), there are very often unintended consqeuences and when you combine sluggish demand with NIRP in a monetary regime that still has physical banknotes, you get a run on cash. And on safes to store it in.

One Japanese lawmaker brought up the soaring safe sales in parliament on Monday. “It suggests a vague sense of unease among the public,” Katsumasa Suzuki remarked.

We’re not sure “vague sense of unease” quite covers it. People are rushing to buy safes to hoard their money in because the head of the central bank has lost his mind…

Perhaps “palpable sense of panic,” better describes the situation.

In response to Suzuki Finance Minister Taro Aso could only muster the following: “There is money, but there is no demand. That is the biggest problem.”

Markets Surge On Antichrist Communist Chinese Debt Flood; Worst European PMI In Over A Year; Crashing Pound

Update: as expected, moments ago Boris Johnson joined the Brexit vote saying “I’ve decided after a huge amount of heartache I will be advocating the UK to leave the European Union” because he wants a better deal for the people of the country.

London Mayor Boris Johnson Says He Will Campaign For The UK To Leave The Eropean Union

For the likes of Paul Krugman, the Riksbank provides a cautionary tale for central banks wary of committing so-called “policy mistakes.”

Back in 2010, the bank started to hike rates. That decision halted a decline in unemployment and shortly thereafter, it became apparent that “the rock star of the recovery had turned itself into Japan.” Or so Krugman says.

He went on to blame the “error” on “Sadomonetarism,” which he hilariously described as “an attitude, common among monetary officials and commentators, that involves a visceral dislike for low interest rates and easy money, even when unemployment is high and inflation is low.”

If these “sadomonetarists” are indeed “common among monetary officials,” then it’s news to us because everywhere you turn, DM central bankers have plunged headlong into the Keynesian abyss as NIRP proliferates and QE continues unabated in Europe, Japan, and yes, in Sweden, where the Riksbank made a U-turn in 2011 on the way to pushing rates deeply into negative territory.

Here’s where the world stands as it relates to NIRP.

“We’ve Reached The Limit”: Denmark 666 Central Bank Chief Says Monetary Policy Is Exhausted

The question one might fairly ask Krugman is why the world is still stuck with a stubborn deflationary impulse 8 years after Ben Bernanke mustered the “courage” to print. Central banks have eased, and eased, and eased and yet inflation is still below target (and that’s putting it nicely) while global growth and trade remain stuck in the doldrums.

It could be that the competitive nature of the rate cuts and QE expansion ultimately mean that no one gets to enjoy the benefits – or at least not for long. One round of easing simply offsets another in an endless race to some lunatic bottom or, ultimately, towards the abolition of cash. Or it could simply be that this isn’t the answer when it comes to juicing aggregate demand. But whatever the case, it’s pretty clear that what the global central banker cabal is doing simply isn’t working. What’s not clear – and this is the scary part – is what the consequences of these policies will ultimately be.

On Monday, we got a look at minutes from the latest Riksbank meeting and Deputy Governor Martin Floden is getting concerned. “The Riksbank has started to approach limit to how much it can cut rate without weakening impact or problems arising,” he warned. “Monetary policy tools are becoming increasingly difficult to use,” he continued, adding that “it’s likely that interest rate cut won’t have full impact on lending rates to households and companies.”

In the same vein, Denmark’s central bank governor, Lars Rohde says monetary policy has reached its limit. “We have reached a point where monetary policy no longer has a big overall impact,’’ he said on Monday. “[It’s] overstreched [and] there’s a limit to what more one can do’.”

We agree. But we don’t expect most central bankers do and indeed the Riksbank minutes suggest there may be more easing in the cards. “The executive Board was unanimous that it is important to have a high level of preparedness to make monetary policy even more expansionary,” one absurd passage from the meeting account says.

Stefan Ingves did acknowledge one thing we’ve been pounding the table on for quite some time, namely that to the extent any of these policies are actually effective at rescuing the economy, central banks should be wary of getting themselves into a situation wherein the world careens into recession and officials are out of counter-cyclical bullets. “If the economy begins to slow down when the policy rate is zero or even negative, this could entail a very difficult situation for monetary policy further ahead.”

Why yes, yes it could. At least we know that the Riksbank is “unanimous in the need to be prepared,” to do more of what isn’t working and more of what is leaving the board increasingly boxed in. Einsteinian insanity at its finest, courtesy of global central banks.

Tropical Cyclone “Winston”, the strongest storm in the history of Southern Hemisphere, made several landfalls in Fiji group of islands on February 19 and 20, 2016 (UTC). The system wreaked havoc across the islands with winds of hurricane force and flooding, and a month-long state of disaster has been declared by the local authorities. At least 10 people have been reported dead so far, and hundreds of homes have been devastated.

Tropical Cyclone “Winston”, a violent category 5 system, rated by experts as the strongest storm in the recorded history of the Southern Hemisphere and the second strongest landfalling tropical cyclone in the world, lashed the islands of Fiji with maximum sustained winds of about 297.7 km/h (185 mph). The cyclone began affecting the islands at 18 UTC on February 19 with 265.5 km/h (165 mph) winds. The airport on Vanua measured 10-minute average winds of 170.6 km/h (106 mph) at 18:00 UTC.

On February 19 at 01:15 UTC, the VIIRS instrument aboard NASA-NOAA’s Suomi NPP satellite captured this visible image of Tropical Cyclone Winston in the South Pacific Ocean, a few hours before the landfall. Image credit: NASA Goddard Rapid Response/NOAA

Tropical Cyclone “Winston”, the strongest storm of the Southern Hemisphere, devastates Fiji 

Winston continued its intensification while crashing ashore the Koro island with peak strength sustained winds of 297.7 km/h (185 mph) around 02:00 UTC on February 20. Reported landfall was second strongest made by any tropical cyclone in the world throughout the recorded history. The landfall made by the Super Typhoon “Haiyan” in Samar, Philippines, with 305.8 km/h (190 mph) winds in 2013. Winds at Koro at the time can be compared to an EF4 tornado strength.

The system weakened before its northern eyewall brushed the south coast of Vanua Levu with 289.7 km/h (180 mph) winds. 10-minute sustained winds of 194.7 (121 mph) were reported in Nambouwalu city at 06:00 UTC on February 20. The cyclone continued its journey and slammed Viti Levu in Rakiraki, Fiji’s main island at 07:00 UTC. The eye of the cyclone tracked westwards along the north coast of Viti Levu for two hours, pounding the area with the southern wall, the strongest part of the system.

Severe flooding in northern Morocco 

Thousands affected by floods and landslides in Malaysia and Indonesia 

What did 1969 astronauts hear on dark side of moon?

On January 2nd, 2015 the editor of website received a very unexpected letter from an alleged retired U.S. Navy Petty Officer First Class Flight Engineer.

The letter received recounts experiences where the anonymous Navy officer (refers to himself as “Brian”) recounts his bizarre and extraordinary experiences flying cargo and rescue in Antarctica between the years 1983 to 1997. He claims that a collaboration between humans and aliens exist, and that the Antarctica is a major research ground for these incredible collaborations.

Navy Engineer: I Saw Ancient Ruins, Aliens, And Top-Secret Bases In Antarctica!.

Brian’s high strangeness experiences flying cargo and rescue in Antarctica were in the 1983 to 1997 time period and included several observations of aerial silver discs darting around over the Transantarctic Mountains. He and his crew also saw ancient ruins and a big hole in the ice only about five to ten miles from the geographic South Pole (pink circle on map) that was supposed to be a No Fly Zone. But during an emergency medevac situation, they entered the No Fly Zone and saw what they were not supposed to see: an alleged entrance to a human and E. T. science research base created under the ice. Then at a camp near Marie Byrd Land, some dozen scientists disappeared for two weeks and when they re-appeared, Brian’s flight crew got the assignment to pick them up. Brian says they would not talk and “their faces looked scared.”.

2/17-18-19/16 Gleaning Antichrist ISIS NWO 666 Proxy 911 WMD Phoenix Project Event Now In Play Blasphemous Petrus Romanus Pope Assures Victory For Trump By Publicly Humiliating All Catholics In Contempt Of The Evil Jesuit Fool

Seven years later during the 2008 Presidential Election, the Hillary 911 Clinton campaign put together a large American flag. All fifty stars were present, but they were all inverted. The image was even featured on Clinton’s site at one time though it has since been removed. These individuals are making it clear whose side they are on and what their intentions are.

Inverted Stars, A Sign Of The Times 

One thing is certain, since the year 2000 our country and the world for that matter has declined rapidly. We have seen the rise of globalism on a scale not witnessed in previous history and during the year 2015 we witnessed it escalate dramatically. We heard multiple world leaders call for the integration of governments and economic systems in order to stop “terrorism” and stabilize the world. Little do most people know the destabilization is caused by Satan’s children and by design in order to bring about a new world order government that those same leaders were calling for.

Not that casting a vote for one of two evils matters…


The Antichrist NWO 666 Israeli Two State Final Solution Petrus Romanus Pope just gave the greatest endorsement of all time to the leading candidate to become the new United States President, and it’s Donald Trump. The Hell bound evil Catholic fool has assured every protestant, AKA true Christian, in America, that is not an Antichrist Israeli Two State Final Solution NWO 666 Socialist Democrat, will cast their vote to elect Trump.

Petrus Romanus stands in contempt of our Father in Christ as the accuser and has condemned himself to Hell in front of the world by claiming Trump is not a Christian if he disagrees with protecting the American Constitution. Everyone that is an American Catholic is now on par with an enemy of The Constitution and stands equal in agreement with their evil Hell bound Pope as the accuser, AKA Satan.

Lol, if you are so moved to vote for one of two evils, certainly now, based on all you have seen of this Antichrist NWO Occult effort with their evil Jesuit Petrus Romanus Pope supporting them in the United States Capitol and United Nations, Trump is obviously not favored by the evil bastards, which makes him two things, lucky not to be as dead as a Supreme Court Justice in Texas and the only candidate the Antichrist NWO 666 bastards do not want to be the President Of The United States.

Obviously the Antichrist NWO 666 and their Petrus Romanus Pope stooge are desperate at this point, for the bastards to have their evil Jesuit condemn a man, any person, publicly, and especially during an American President election season etc…, it is a crystal clear confirmation that the Antichrist NWO 666 Occult UN Agenda bastards are actually fearful that at least Americans reject their global mark of the beast at the Presidential level, which would disrupt their effort.

The Petrus Romanus Pope is going to Hell, that is certain. His own judgment shall find him there.

It’s definitely different this time…

The 2008 analog lines the current trajectory up with August 2008 right after Treasury Secretary Paulson told the world reassuringly that:

“Our economy has got very strong long-term fundamentals. And you know, your policy-makers and regulators here – we’re very vigilant.”

And we all know what happened next…

Could never happen again?

You Are Here 

Yeah you’re probably right…

A leaked report from Germany’s Federal Criminal Police Agency reveals refugees committed over 200,000 crimes between 2014 and 2015.

The report is only supposed to be seen by police and other government employees, but it ended up in the hands of Bild, a German newspaper, Deutsche Welle reports.

What the document shows primarily is that refugees are responsible for 208,344 crimes.

A total of 32 percent of those crimes were related to asset or fraud offenses, and another 33 percent were due to theft. Of the total number of crimes, only 1 percent, or 1,688, had anything to do with sexual offenses. There were 458 cases of serious sexual assault, which includes either rape or coercion.

Not all ethnic groups were equal in the amount of crimes committed. Viewed proportionally, there were more offenders from Eritrea, Nigeria and countries from the Balkans like Serbia and Albania. In absolute numbers, Syrians committed 24 percent of refugee crimes, but Serbs only comprised 2 percent of the refugee population and managed to account for an incredible 13 percent of crimes.

Leaked German government report shows refugees committed 200,000 crimes between 2014 and 2015

Bild noted, however, the report did not include the reported cases of sexual assault in Cologne on New Year’s Eve, skewing the data slightly.

The 446 alleged sexual assaults on New Year’s Eve threw Germany into an uproar, mostly because of accusations that the German government collaborated with the media to downplay the incident. Of particular note, following the assaults, Cologne Mayor Henriette Reker put the onus on females who were assault and suggested women should abide by a code of conduct to avoid future assaults.

Due to crime rates and generally undesirable behavior, tensions over importing over a million refugees were high, and the assaults in Cologne, committed mostly by Arabs and North Africans, pushed ordinary Germans over the edge. A recent poll indicated that 40 percent of Germans want Chancellor Angela Merkel to resign due to her poor handling of the refugee crisis. She has admitted Europe has totally lost control of the situation.

Antichrist Neo World Order 666 Socialist German Europa Whore Of Merkel’s Europe Faces Judgment Day at EU Summit

This week’s EU summit in Brussels is the final opportunity for German Antichrist NEO World Order Europa Whore German Chancellor Angela Merkel to find agreement with Antichrist NWO 666 Central Bank Captured EU countries and Antichrist Muslim Jive Turkey regarding the migrant crisis and the future of Europe, and the chances of success are slim, Deutsche Welle reported.

Death, Destruction And Despair, The Globalists ‘Cult Of Death’ Is Here – Welcome To The New World Order 

There is a famous saying that helps to describe perfectly the situation that Americans and the entire world now face: The problems that we face will never be solved by the minds that created them.

The minds of Clinton 911 and Obozo have helped to create this world now totally full of death, destruction and despair. In fact, those three words will forever be associated with the war criminals and mass murderers in Washington DC and beyond for all of the havoc that they have helped to unleash upon our world and all of the death, destruction and despair that they have caused for humanity. Look at our handiwork in Syria within this story; are we proud of what’s going on there and in our names? 

Rick Wiles opens the program by cataloging the latest escalations in the west’s march to open war in Syria, and geothermal nuclear war across the globe. Rick also greets the President and Chief Counsel of Thomas More Law Center Richard Thompson, to discuss how a retired marine discovered his daughter was being indoctrinated by Antichrist islamic propaganda and was subsequently banned from the school upon complaining. In positive news, the architects of Project X will finally unveil its name to the public. Watch out world, PRAZOR is on the scene! 

NOTE: RIP Charlie. He passed away after this, his last video cast.

“I Guess It’s Food Stamps”: 400,000 Americans In Jeopardy As Giant Pension Fund Plans 50% Benefit Cuts 

Dale Dorsey isn’t happy.

After working 33 years, he’s facing a 55% cut to his pension benefits, a blow which he says will “cripple” his family and imperil the livelihood of his two children, one of whom is in the fourth grade and one of whom is just entering high school.

Land Of The Debt Slave: Texas Man Arrested At Gunpoint For Not Paying $1500 Student Loan 

What a cute little Banana Republic this America has become. Our government can’t put a single bank executive in jail for destroying the global economy, but when a mere peasant is caught not paying back his student debt, a team of U.S. Marshals arrive at his door to arrest him at gunpoint.

Land of the thief, home of the slave, indeed.

Jobless Benefits Claims Soar 100% In Canada’s Dying Oil Patch As Construction Jobs Plunge 84%.


Having successfully called the market’s retreat in the fall of 2015, Universa’s Mark Spitznagel is not taking a victory lap as he warns Bloomberg TV that “the crash has only just begun.”

Investors are facing the most binary “let’s make a deal” market in history in Spitznagel’s view: choose Door #1 to bet on Keynesianism, central planners, and monetary interventionism; or Door #2 to bet on free markets and natural price discovery.

“There is massive cognitive dissonance here,” Spitznagel explains as history teaches us that door #2 is the right choice… but it’s not possible to do that today as investors have been coerced to choose door #1, but when door #1 is slammed open “we will see that dreaded black swan monster.”

That is what is going on right now:

“Investors want to go with The Fed when it’s working – like David Zervos… the problem is, when do you know that it is not working?”
“At some point this stops working…”

“the market is going through a resolution process, transitioning from the cognitive dissonance of Door #1 to the harsh reality of Door #2… if everyone were to change doors at the same time, that is a market crash… it can’t be done in a non-messy way.”

Must watch reality check behind the smoke and mirrors we call markets… (we note Mark’s excellent analogy starting at around 3:10)

Has The Market Crash Only Just Begun? 

“Now learn this lesson from the fig tree: As soon as its young shoots become tender and it puts out its leaves, you know that summer is near; 33 so you, too, when you see all [f]these things [taking place], know for certain that He is near, right [g]at the door. 34 I assure you and most solemnly say to you, this generation [the people living when these signs and events begin] will not pass away until all these things take place.

Matthew 24 

Seriously – how many more times can a central bankers’ policies be exposed for the total sham that they are?

“The turmoil in global markets is making companies cautious about spending and also weakening global demand. That will be negative to Japanese exports,” Hiroaki Muto, chief economist at Tokai Tokyo Research Center in Tokyo, said before the trade report was released.

“There will be no driver for Japan’s economy as domestic consumption may remain weak, and sluggish exports and production may weaken capital spending in the coming months.”
Japanese trade data was just unleashed on the world… and it is abysmal.

Notably worse than the expected 10.9% drop and the biggest YoY plunge since October 2009. This was driven by a collapse in exports to the most rapidly contracting marginal economy in the world: Antichrist Communist China. According to Bloomberg, “exports to Antichrist Communist China, Japan’s largest trading partner, were down almost 18 percent, driving an overall decline of nearly 13 percent in the value of overseas shipments in January from a year earlier. Imports dropped 18 percent, leaving a 645.9 billion yen ($5.7 billion) trade deficit, the Ministry of Finance said on Thursday.”

But we thought that the market had decided Antichrist China was fine?

Some more humor from Bloomberg:

Falling exports compound poor sentiment in Japan, where wage gains have stagnated, consumer prices are barely rising and households are reluctant to spend. This year stocks have plunged and the yen has gained more than 5 percent against the dollar amid concerns over Antichrist China’s slowdown and U.S. growth. This adds to worries about the seesawing nature of Japan’s economy between modest growth and contraction.

Sarcasm aside, the chart below proves once and for all that the devaluation of the JPY did less-than-nothing to improve Japan’s competitiveness…

Japanese Trade Data Collapses, Crushes “Devalue Our Way To Prosperity” Dreams

And then there is Imports – reflecting the “modest” improvement in the domestic economy…

Nope – complete carnage!! The biggest YoY drop since october 2009…

Is it any wonder Abe says no more stimulus and Kuroda did not unleash anymore QE – they know it’s over and now it’s desperation.

We leave it to Alhambra’s Jeff Snider to sum up… Japan is the very definition of insanity…

GDP fell 1.4% in Q4 2015, marking the fifth contraction out of the past nine quarters and yet the word “stimulus” remains attached to QQE, the Bank of Japan and Abenomics in general. At this point, how much more time and sample size is necessary before calling it a failure? In about six weeks, Kuroda’s massive “stimulus” will mark its third anniversary and the best that can be said of it is that GDP has gone nowhere. Two and three quarters years later, real GDP (SAAR) in the last three months of 2015 was the slightest bit higher than Q2 2013 when everyone was so sure “stimulus” was all so sure.

The media provides all the evidence necessary as to why everything is so “unexpected.”

The data suggest Japan’s economy is still plagued by the weakness of domestic demand as it enters a fourth year of record monetary stimulus, with wages not rising fast enough to persuade consumers to spend.

Japanese Trade Data Collapses, Crushes “Devalue Our Way To Prosperity” Dreams 

There is no sign of a downward spiral in the economy but with the yen rising to trade at Y113.8 to the dollar in recent weeks, the figures put pressure on the Bank of Japan for even more monetary stimulus to encourage a strong round of wage rises this spring.

While economists try to determine if technical definitions for recession have been met, the plain truth of QQE is that monetary “stimulus” put Japan into recession almost immediately and it has never left. The key for any recession definition are the words “significant” and “sustained.” In other words, it is a significant and sustained deviation from the prior or underlying growth trend. By Japan’s GDP figures alone, Japan is in a significant and sustained period of weakness or contraction even when compared to the unsatisfactory growth that prevailed before it.

The media provides all the evidence necessary as to why everything is so “unexpected.”

Since the first appearance of negative GDP in Q4 2013, long before the tax change, Japan’s average quarterly (SAAR) growth rate has been -0.07%. Period to QQE from just after the earthquake quarter, GDP averaged 1.74%. No matter how you present the GDP data, there was a significant change in economic growth dating to or close to QQE’s introduction. Since that burst of monetarism was enormous, just as policymakers had once claimed (curious, again, that commentary about QE in whatever form is derived by its tense; it will be powerful and effective vs. it was disappointing and needed more), that leaves little doubt as to the source of the economy’s digression from at least its prior trend, unacceptable as that might have been.

ABOOK Feb 2016 Japan GDP HH less Imputed RentQQ SAAR

The fact that Japanese households have borne the brunt of the disaster only confirms its negating nature. Prior to QQE, household spending and income had been better than the overall GDP figures; after QQE, that relative position has reversed and intensely so. Nobody would accuse the Japanese economy of being robust between the tsunami and the start of 2013, but at least for households there was steady growth without “inflation” and disorder. Japan was certainly in need of re-orientation and reform so that its system could finally become a full economy once again, but QQE was the exact opposite of what was required – especially since it was just amplifying what had already failed nine times (at least) before.

ABOOK Feb 2016 Japan Devastation QEs

The Bank of Japan and Abenomics in general put the Japanese economy into a recession from which it hasn’t yet recovered; nor are there any signs that it is even close to doing so. The conditioned response in the media and by economists is entirely the problem – it doesn’t take much to realize that “stimulus” created the recession, therefore more “stimulus” will likely only do the same.

“Consumption was weak, even after taking out seasonal factors, as households tightened their purse strings,” said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance Co. in Tokyo. “The downside risks to Japan’s economy are likely to increase as the yen’s gains may damp capital spending and exports, and private consumption also is looking weak. There’s no clear driver to support Japan’s economy.”
That’s an astounding piece of commentary after nearly three years; to have “no clear driver to support Japan’s economy” is utterly damning. Monetarism doesn’t work, that much is inarguable no matter which data you use or how you use it. That it is directly harmful may be somewhat debatable, but that view is becoming less so with each passing quarter. Japanese households, in particular, were at least experiencing some steady growth prior and now they are most certainly not. Central bankers declare that the cost of implementing a full recovery, yet it is nowhere to be found even in overall GDP (which is the most generous account of any economy). After three years (let alone fifteen), there is no basis anymore for “stimulus.” None.

Sure enough, stocks are rallying in the dismal news in anticipation of some more insanity from

ALERT: Is This About To Ignite A Terrifying Global Storm?

One of the more stunning economic updates this week was Antichrist Communist China’s unprecedented surge in Antichrist Communist Chinese loan creation, when as reported earlier this week, Antichrist Communist China unveiled a whopping CNY3.42 trillion in Total Social Financing, its broadest debt aggregate, an amount greater than half a trillion dollars, of which CNY2.51 trillion was in new bank loans.

Antichrist Communist China Unleashes A Debt Tsunami: Creates $1 Trillion In Debt In First Two Months Of 2016

The reason for the surge was largely the result of frontloading loans, as well as lending to government projects in the first year of 13th Five Year Plan, which helped to boost loan growth. Many economists had expected loans to slow sharply in February as lending to government projects wound down.

However, it turns out this was just the start of Antichrist Communist China’s latest policy, which is really just a return to its old policy of flooding the economy with debt: as Market News reports expectations that “January’s surprisingly strong new loan growth would prove temporary may have been premature as bank officials in a number of Antichrist Communist Chinese cities say February new loans look to be just as strong, even with a week-long holiday in the middle of the month.”

According to MNI, new loans so far in February were similar to the levels during the same days of January. The total so far in February is seen at around CNY2 trillion already.

MarketNews adds that this was achieved despite fewer working days in February because of the lunar New Year holiday, suggesting even more loans were churned out every working day.

It also means that if the TSF components rose at a comparable rate as in January, then the total increase in aggregate Antichrist Communist Chinese debt is on pace to surpass CNY6.5 trillion, or $1 trillion in new debt created in 2 months! This is roughly how much outside money the Fed added to the US economy during one full year of QE3.

The surge was surprising. As MNI reports, the strong January numbers had been expected to moderate for a number of reasons.

Firstly, Antichrist Communist Chinese banks typically try to get as much loan money out the door as possible early in the year to maximize interest income for the rest of the year.
Secondly, Antichrist Communist Chinese companies have been paying down foreign debt on expectations that the yuan would continue to weaken and that process has been expected to slow.
Thirdly, and perhaps the biggest surprise in the February loan growth thus far, loans for government infrastructure projects that helped boost the January data were expected to slow. That does not appear to be happening.

This means that just like Japan panicked on January 29 when it announced NIRP, so Antichrist Communist China too has taken on what may appear a step of desperation and is hoping to jumpstart the economy by flooding it with record mounts of debt. Mizuho said in a note to clients late Wednesday that a massive stimulus package is likely in the pipeline.

“We expect public infrastructure projects to receive another boost to stabilize the economic downtrend. This may include construction of intra-city railways, railways in the central and western provinces and making improvements in the agricultural sector. A new round of massive stimulus, in our view, will be announced around the National People’s Congress, which will likely convene in the second week of March,” said Shen Jianguang, chief Asia economist at Mizuho Securities Asia Ltd.

To be sure, the immediate impact from this credit surge will be favorable, if only in the near term.

The downside to the surge in lending is that while it could support economic growth as the government undertakes much-needed structural reforms, it is also increasing the country’s already high debt burden. Credit is still growing much faster than even nominal GDP, which means Antichrist Communist China is getting far less economic bang for every yuan of lending.

Finally, recall that according to a Rabobank analyst, Antichrist Communist China’s debt/GDP is already at 350%. At this rate, it will surpass Japan’s 400% debt/GDP within the year, making Antichrist Communist China the most indebted nation in the world.

Most importantly, however, is that while the threat of NPLs coming to the fore has been a major concern for many Antichrist Communist China watchers, the indiscriminate surge in Antichrist Communist Chinese debt issuance means that the trillions in bad loans will be promptly masked by all the new loan issuance. It also means that Antichrist Communist China’s day of reckoning has likley been pushed back by at least 1 or 2 quarters.

If there is a lesson from the Big Short, do the opposite of what Goldman says to do.

Should You Believe The 666 Suicide Vampire Squid Of The Great Communist Chinese Walmart On Gold? 

Rather than fix what’s broken with the real economy, ZIRP/NIRP has added problems that only collapse can solve.

The fundamental premise of global central bank policy is simple: whatever’s broken in the economy can be fixed with zero interest rates (ZIRP). And the linear extension of this premise is equally simple: if ZIRP hasn’t fixed what’s broken, then negative interest rates (NIRP) will.

Unfortunately, this simplistic policy has run aground on the shoals of reality: if zero or negative interest rates actually fixed what’s broken in the economy, we’d all be living in Paradise after seven years of zero interest rates.

The truth that cannot be spoken is that zero interest rates (ZIRP) and negative interest rates (NIRP) cannot fix what’s broken–rather, they have added monumental quantities of risk that have dragged the global financial system down to crush depth:

If Zero Interest Rates Fixed What’s Broken, We’d Be In Paradise 

If zero or negative interest rates actually fixed what’s broken in the economy, we’d all be in Paradise now. Instead, we’re in a sinking submarine awaiting the implosion of predatory excesses. In other words, a financial Hell.

And today, the latest in a long line of realists has now come to the same conclusion that the only thing the central planners have left is a money-drop…

NIRP Won’t Work – What Ray Dalio Thinks Central Banks Will Do Next 

Summers hailed the Gramm–Leach–Bliley Act in 1999, which lifted more than six decades of restrictions against banks offering commercial banking, insurance, and investment services (by repealing key provisions in the 1933 Glass–Steagall Act): “Today Congress voted to update the rules that have governed financial services since the Great Depression and replace them with a system for the 21st century,” Summers said. “This historic legislation will better enable American companies to compete in the new economy.”

Well, here you have it: the new economy, folks. We commonly call it the Great Recession. It has certainly been a great recession for Larry, who has made a fortune since it began.

Larry Summers’ deregulation created the perfect swampy environment for the slough of derivatives that spawned the Great Recession, too:

On July 30, 1998, then-Deputy Secretary of the Treasury Summers testified before the U.S. Congress that “the parties to these kinds of [derivatives] contract are largely sophisticated financial institutions that would appear to be eminently capable of protecting themselves from fraud and counterparty insolvencies.” At the time Summers stated that “to date there has been no clear evidence of a need for additional regulation of the institutional OTC derivatives market.” (Wikipedia)

Larry probably deserves more credit as architect of the Great Recession than Alan Greenspan. He should be credited with the general demise of the entire world because, in my never-so-humble my opinion, everything Larry touches turns to sewage.

Larry “Killer of Kash” Summers could be counted on to launch the next salvo against cash. I spell things with a “K” in Larry’s case because he was also the lead adviser during the former Soviet Union’s kollapse, guiding it to privatize the dying socialist economy. Thanks to Larry’s good work, nothing went to the little people of Russia, but everything got divvied up into the hands of very few oligarchs who became Russia’s 1%. Larry is a hard-core one-percenter. 

Leave it to Larry Summers, Killer of Kash 

Larry Summers is a pretentious Keynesian fool, but I refer to him as the Great Thinker’s Vicar on Earth for a reason. To wit, every time the latest experiment in Keynesian intervention fails – as 84 months of ZIRP and massive QE clearly have – he can be counted on to trot out a new angle on why still another interventionist experiment or state sponsored financial fraud is just the ticket.

Right now he is leading the charge for the greatest stroke of foolishness yet conceived. Namely, negative interest rates based on the rubbish theory that the “natural” money market rate of interest is at an extraordinarily low point. Accordingly, the central bank should drive the “policy rate” to sub-zero levels in order to achieve the appropriate level of “accommodation” in an economy that refuses to attain “escape velocity”.

As can’t be pointed out often enough, however, there is no such economic ether as “accommodation”. It’s just a blanket cover story for what Keynesian central bankers believe they are accomplishing by pegging interest rates below market clearing levels and by bending and mangling the yield curve to cause more investment.

But after 86 months it is evident that all of this putative monetary “accommodation” has failed. Falsifying the cost of money and capital can only work if it causes households and businesses to borrow more than they would otherwise; and to then lay credit based spending for consumption and investment goods on top of what can be funded out of current production and income. Another name for that is leveraging private balance sheets and thereby stealing production and income from the future.

With $62 trillion of public and private debt outstanding, however, the US economy has hit a economic barrier called Peak Debt. For all practical purposes, it can be measured as the macroeconomy’s aggregate leverage ratio, which now stands at 3.5X national income. That represents fully two extra turns of debt on the economy relative to the stable 1.50X ratio that prevailed during periods of war and peace and boom and bust during the century before 1970.

Stated differently, the Fed and other central banks have led the world economy into a planetary LBO over the last two decades or so. In the case of the US, the two extra turns of debt resulting from that rolling LBO amount to about $35 trillion.

Yes, that’s a load of anti-growth ballast that explains why there has been no “escape velocity”, and why the rate of real final sales growth since Q4 2007 is only 1.3% compared to peak-to-peak historical rates of 2.5% to 3.5%.

And I use peak-to-peak advisedly because it is now clear after the recently released December business sales and inventory numbers that we are on the verge of a recession, if not already in one. Total business sales were down 4.6% from their July 2014 peak and the business sales to inventory ratio rose again to a recessionary high of 1.39X.

Yet the Vicar and his compatriots in the Eccles Building and on Wall Street insist on pushing harder on the credit string——even though Peak Debt means that household debt is still $400 billion below its pre- crisis peak and that the entire $2 trillion gain in business debt has been recycled back into the Wall Street casino via stock buybacks and mindless M&A deals. Real net investment in business plant, equipment and technology, in fact, is actually still 18% below its 2007 peak, and even the level which had been attained at the turn of the century.

So that brings us to the harebrained theory of negative interest rates and the supposed collapse of the “natural rate” of interest on the money market. The latter proposition is just unadulterated economic voodoo. It makes Art Laffer’s magic napkin look like a model of scientific formulation by comparison.

The truth is, there is only one “natural rate” of interest, and that’s the one produced in an honest financial marketplace via the interaction of savers and borrowers. No such rate now exists and hasn’t for decades owing to the massive intrusion of the Fed in the money market. Indeed, as a purely physical matter, even the so-called Federal funds market no longer exists because the Fed has asphyxiated it under a flood of $3.5 trillion of bond-buying and the resulting giant surplus of bank deposits.

So professor Summers is apparently speaking for the kid who killed his parents and then threw himself on the mercy of the courts on the grounds that he was an orphan. That is, interest rates are in the graveyard of history because the central banks buried them there.

Interest rate pegging and the Fed’s wealth effects doctrine have failed completely, but now Keynesians like Summers claim the contra-factual.

That means the Keynesian medicine didn’t work because the Fed didn’t pump enough monetary stimulants drugs into the nation’s already drug-addled body economic. So now we have to dig even deeper into the netherworld of financial repression in order to align borrowing costs with a non-existent natural rate of interest.

It’s another case of a policy target confected from whole cloth just like the 2% inflation target. But there is one overwhelming practical problem with NIRP. To wit, if it is pushed deeper and broader than just a few basis points of negative yield on deposits of excess bank reserves at the central bank, NIRP will surely cause a flight to old-fashioned bank notes. There will be a booming business in bank note moving and storage.

So, lo and behold, after all these years of doctoring the economy, Professor Summers and fellow travelers like Professor Peter Sands at Harvard, have up and joined the war on crime!

But their newfound abhorrence of crime amounts to an economist’s version of the NRA mantra that guns don’t kill, people do. In this case, it might be said that criminals don’t launder money, avoid taxes and commit act of terrorism, large denomination bills do!

Of course, the latter have been around for centuries. Yet suddenly every NIRP advocate on the planet has joined the campaign to abolish large bills including the Benjamin Franklin here and the EUR 500 note on the other side of the pond.

Thus, Professor Summers opined as followed in a recent Washington Post op ed:

The fact that — as Sands points out — in certain circles the 500 euro note is known as the “Bin Laden” confirms the arguments against it. Sands’ extensive analysis is totally convincing on the linkage between high denomination notes and crime. He is surely right that illicit activities are facilitated when a million dollars weighs 2.2 pounds as with the 500 euro note rather than more than 50 pounds as would be the case if the $20 bill was the high denomination note. And he is equally correct in arguing that technology is obviating whatever need there may ever have been for high denomination notes in legal commerce.
Let’s see. A million dollars worth of weed currently weighs about 200 pounds. If push came to shove couldn’t El Chapo have the mules who deliver it to the street carry 50 pounds of bills on the backhaul? Better still, if drug money laundering is such a huge social blight, why not legalize the drug trade and turn the business over to Phillip Morris?

They would surely use digital money to pay their vendors. And if we want to get rid of tax evasion does the good professor really believe that Wall Street high rollers and silicon valley disrupters or just every day rich people actually get paid for whatever they do in bank notes?

The fact is, it is gardeners, waitresses and delivery boys who get paid in cash, not people with meaningful incomes. Yet bringing such putative slackers to justice doesn’t require the abolition of cash in any event. Just exempt them from income and payroll taxes entirely and let them pay their societal dues at the cash register when they purchase goods and services.

In short, there is one reason alone for the sudden campaign to abolish large denomination bills. It is a necessary predicate for the imposition of NIRP. That is to say, it would pave the way for central bank mandated confiscation of the wealth and savings of millions of American citizens in the pursuit of a cockamamie theory that would bring about the final destruction of honest price discovery and financial discipline in the Wall Street casino.

Surely, there is not much more of such destructive intervention that can be tolerated before the booby-traps of leverage and risk that have been built up over the last two decades, but especially since the financial crisis, blow sky high. Indeed, the very idea that the foolish advocates of Keynesian central banking would even entertain the notion of providing outright subsidies to carry trade gamblers—–and that’s where money market NIRP would end up——is a warning sign of the danger that lurks in the financial misty deep.

During the printathon since 2008, Central bankers have been massively and relentlessly deforming financial markets and rewarding the most outlandish and unstable forms of leveraged gambling and risk-taking throughout the warp and woof of the financial system. Yet they have no more clue about the financial time bombs they have planted than they did last time around when CDS and CDOs squared were erupting everywhere.

It is only a matter of time, and a few more bear market rallies, before the meltdown commences again. Indeed, when the impending global recession becomes fully evident, the gamblers in the Wall Street casino will panic like never before.

After a 30-year bubble, they have come to believe that the central banks are infallible and that all economic downturns and market corrections are quickly remedied with new rounds of monetary stimulus. But that is not a permanent financial truth; it’s a false generalization based on a fabulous one-time monetary trick that is already played out.

To wit, central banks have used up their dry powder. After more than two decades of reckless monetary pumping, they are now stranded on the zero bound and possessed of hideously bloated balance sheets.

So the correction scenario this time will be very different. There will be no quick reflation, meaning that the liquidation of economic malinvestments and overvalued financial assets will run for years.

In fact, during the coming down-cycle, the central banks may turn out to be wreckers, not saviors. As they resort to increasingly novel and illogical maneuvers such as negative interest rates (NIRP) they are generating fear, not confidence.

There can be no better proof than what has transpired in Japan since its lunatic central banker, Haruhiko Kuroda, announced a shift to NIRP within days after he said it was off the table. Since his January 29 statement, however, the Japanese stock market has plunged by 16% from its early January level and 25% since last summer’s peak, thereby wiping out much of the three-year long stock bubble generated by Abenomics.

Nor is Japan’s stumble an isolated case. Warning signs on the epochal shift now underway continue to accumulate on all fronts. The bellwether economies of Asia started the year with a sharp plunge, including a 11.5% export decline compared to last January in Antichrist China, a 13.5% drop in India and an 18.5% plunge in South Korea.

Likewise, Germany ended 2015 with an unexpected decline in exports and industrial production, while Japan’s trade figures also slipped badly—-with exports down 8% and imports off by 18% versus prior year. Consequently, the Japanese economy posted a recessionary 1.4% contraction of GDP in Q4.

There is no better weathervane on the global economy than the Baltic Dry Index because it captures the daily pulse of global shipments of grains, iron ore and the rest of the commodity complex. The fact that it has now plunged to an all-time low since records began in 1985 underscores that worldwide industrial activity is sinking rapidly.

In response to these deflationary currents, financial markets have retreated sharply on a worldwide basis. Among 44 significant international equity markets, nearly half are already in bear market territory as signaled by a drop of 20% or more from recent highs. And some of the most pivotal markets in the world——-Germany (DAX), Japan and Antichrist Communist China—–are down by 30% or more.

Not surprisingly, these drastic declines have so far only dented the surface on Wall Street. The unreconstructed bulls are already saying that the correction is over and are urging their clients to once again buy the dip. Nearly ever one of the major banking houses have year-end price targets for the S&P 500 well above current levels. These include a gain of 11% at Goldman, 15% at Morgan Stanley, 16% at Barclay’s and 17% at RBC Capital.

A cynic might dismiss this ebullience as merely an exercise in the usual Wall Street hockey stick game. After all, you can’t sell stock, ETFs and other financial products to investors when you are projecting a down market, and so they never do.

Yet chalking these dubious targets off to salesmanship would be to underestimate the magnitude of the coming crash.The truth of the matter is that Wall Street gamblers, like the Jim Carrey character in The Truman Show, have lived in the bubble for so long that they no longer even remotely grasp the artificiality and unsustainability of the entire financial system.

We think the chart below puts this in perspective. For the better part of three decades, the financial system in the US has been expanding at nearly twice the rate of GDP growth. Even a vague familiarity with the laws of compound arithmetic reminds us that the resulting ever-widening gap between economic output and the market value of stock and debt obligations can’t continue.

But there is an even larger point. Namely, that the weakening performance of the US economy during the last two decades did not warrant the drastic increase in the capitalization rate implied by the chart in the first place.

Stated differently, equities and debt must ultimately be supported by interest and dividends extracted from the flow of national income (GDP). Historically, the stable US financial capitalization rate—that is, the combined value of debt and equity outstanding— had been about 2.0X national income. But beginning with Greenspan’s conversion to money printing after the financial meltdown of October 1987, the capitalization rate begin to steadily climb and never looked back.

Now it amounts to nearly 5.4X national income. Yet this has occurred during a period when the trend growth rate of the US economy has been cut in half——from more than 3.0% per annum to less than 1.3% during the eight years.

Measured in dollar totals, the sum of equity and debt outstanding in the US in 1987 was $11 trillion. Today it exceeds $93 trillion. No wonder asset gatherers like Blackrock have exploded in scale!

But that’s also why they are heading for a big fall. As the post-bubble epoch of global recession and financial deflation and liquidation unfolds, the $93 trillion US financial bubble shown below will contract sharply, as will its equivalent worldwide total of $300 trillion.

So we are looking at tens of trillions of financial asset shrinkage in the years ahead. And nowhere will that implosion be more dramatic than in the ETF sector.

As shown in the chart below, the number of these entities has grown from about 600 to 5,500 in the last 12 years, and AUM has exploded from $450 billion to $3 trillion. That’s a 21% compound rate of growth since 2005. Even more significantly, almost all of that growth occurred after the 2008 financial crisis.

So let’s cut to the chase. Prior to Greenspan’s dotcom bubble, ETFs did not even exist, and they would never thrive on an honest free market. That’s because their fundamental appeal is to professional speculators and traders and to homegamers who like to bet on the financial ponies.

By contrast, there is no reason why real long-term investors would want to own a huge, motley basket of banking stocks or energy stocks or the likes of the biotech ETF portfolio. The latter (IBB) includes 150 different stocks including nearly 100 start-ups whose science is extremely difficult to assess and whose P&Ls are largely non-existent.

The sole purpose of the IBB, therefore, was to enable speculators to pile on to the momentum trade in biotech stocks which incepted about 2012. This momentum trend was then turbo-charged by the inflow of speculative capital into this sector through IBB and other ETF’s.

The same thing happened with the energy ETFs. One of the major ETF baskets in this sector is called XLE and it includes 40 energy companies ranging from giant integrated producers like Exxon to refiners like Valero, to oilfield services companies like Halliburton, to small E&P companies like Newfield Exploration. The iShares equivalent is called IXC and it is even more diversified with 96 companies spread among an even greater diversity of sizes, specializations and geographies.

Needless to say, no long-term investor would possibly believe that such a dog’s breakfast can be rationally analyzed or diligenced at the company specific level. After all, the whole point of competitive markets is to sort out the winners, losers and also-rans at the sector, industry and sub-industry level. So buying the entire industry in a single stock amounts to embracing self-cancelling financial noise and undoing all the hard work of Mr. Market at the operating performance level.

Exchange traded funds, at bottom, are a product of the financial casinos, not the free market. They offer traders and speculators the chance to “bet on black” for just hours, days or weeks at a time based on little more than headlines and momentum. Not surprisingly, the XLE has now completed a round trip to nowhere during the last five years as the oil bubble re-erupted and then collapsed.

The massive amount of trading that occurred continuously up and down this arc was economically pointless. It was a playpen for punters and robo-machines. It added no allocative efficiency or market liquidity at all to the real enterprise of American capitalism.
XLE Chart

XLE data by YCharts

The implication is straight forward. The ETF boom functioned as a market accelerator on the way up. Speculative capital poured into these proliferating funds, and then was intermediated by Wall Street market makers into incremental demand for the thousands of individual stocks that comprise them.

This magnifying effect is important to understand because it highlights the artificiality and instability of today’s stock markets. To wit, every time an ETF started trading above the net asset value of the underlying stocks owing to speculator buying, fund providers issued new ETF shares to market makers. The latter, in turn, bought up a basket of shares on the stock exchanges representing the asset mix of the fund and swapped them for the ETF shares.

We call this the Big Fat Bid that helped undermine the two-way market forces that ordinarily keep speculation in check. But now that the worldwide financial bubble is cracking, we believe the dynamic will begin playing out in reverse. That is, ETFs will now become the Big Fat Offer that takes the market down at an accelerating pace.

The reason is straight forward. The $3 trillion world of ETFs is not an investor marketplace. It is a casino where the fast money moves in and out of short term rips, bubbles and flavors of the moment; and also a dangerous place where naïve retail investors have been lured to roll the dice on their home trading stations.

So as the global economy and financial markets slide into the long, deflationary cycle ahead, the hot money will flee sinking ETFs at an accelerating pace, thereby leaving homegamers shocked to find that they have been fleeced by Wall Street yet again. At length, retail level panic will ensue, causing a thundering implosion of the ETF sector.

What lies ahead for retail investors is probably worse. That’s because ETFs inherently embody a liquidity mismatch. Almost invariably the underlying stocks are not as liquid as the ETF shares which represent them.

This means that retail investors may be faced with painful episodes in which ETF shares gap down violently to deep discounts relative to their net asset value. Accordingly, if shareholders have attempted to protect their portfolios with stop orders, they may handed sharp losses; or they may just panic and sell.

The market plunge on August 26th last year provided a foretaste. In today’s markets, “trading halts” occur when a stock moves up or down too quickly relative to the trading range contained in market circuit breakers. Ordinarily, about 40 such trading halts occur each day, but during the August 26th plunge there were almost 1,300 such occurrences. And 78% involved ETFs, not individual stocks.

This is crucial because ordinarily only one-third of trading halts involved ETF shares. Stated in round numbers, there are ordinarily about 15 ETF trading halts per day, but on August 26th that number soared to 1,000.

Moreover, during this trial panic, the risk of large pricing gaps was painfully evident. The Vanguard consumer staples ETF called VDC, for example, plunged by 32% that day while the underlying holdings of the fund dropped by only 9%. Retail investors who panicked or who were sold out by stop loss orders were taken to the cleaners by the market makers.

The point here is not a plea for SEC regulation. Far from it!

Instead, the implication is that after a few more such episodes during this unfolding bear market——-which must inexorably happen due to the liquidity mismatch—–retail investors will become thoroughly disgusted with ETFs. They will then head for the hills right behind the fast money on Wall Street.

Yet ETFs are only one of the many FEDs (financially explosive devices) that have been fostered by our rogue central bankers. Wait until $700 trillion of financial derivatives start living up to the name Warren Buffett gave them before he went all in using them (“financial WMDs”).

Come to think of it – the crime does not lie in the anti-social behavior our Ben Franklins may occasionally facilitate. The crime is that we are ruled by a self-perpetuating elite of monetary cranks who have become so desperate that they want to eliminate something as natural and harmless as hand-to-hand currency.

Why The Keynesian Market Wreckers Are Now Coming For Your Ben Franklins 

The real reason the war on cash is gearing up now is political: Politicians and central bankers fear that holders of currency could undermine their brave new monetary world of negative interest rates. Japan and Europe are already deep into negative territory, and U.S. Federal Reserve Chair Janet Yellen said last week the U.S. should be prepared for the possibility. Translation: That’s where the Fed is going in the next recession.

Negative rates are a tax on deposits with banks, with the goal of prodding depositors to remove their cash and spend it to increase economic demand. But that goal will be undermined if citizens hoard cash. And hoarding cash is easier if you can take your deposits out in large-denomination bills you can stick in a safe. It’s harder to keep cash if you can only hold small bills.

This Is The Real Reason For The War On Cash 

So, presto, ban cash. This theme has been pushed by the likes of Bank of England chief economist Andrew Haldane and Harvard’s Kenneth Rogoff, who wrote in the Financial Times that eliminating paper currency would be “by far the simplest” way to “get around” the zero interest-rate bound “that has handcuffed central banks since the financial crisis.” If the benighted peasants won’t spend on their own, well, make it that much harder for them to save money even in their own mattresses.

All of which ignores the virtues of cash for law-abiding citizens. Cash allows legitimate transactions to be executed quickly, without either party paying fees to a bank or credit-card processor. Cash also lets millions of low-income people participate in the economy without maintaining a bank account, the costs of which are mounting as post-2008 regulations drop the ax on fee-free retail banking. While there’s always a risk of being mugged on the way to the store, digital transactions are subject to hacking and computer theft.

Cash is also the currency of gray markets—amounting to 20% or more of gross domestic product in some European countries—that governments would love to tax. But the reason gray markets exist is because high taxes and regulatory costs drive otherwise honest businesses off the books. Politicians may want to think twice about cracking down on the cash economy in a way that might destroy businesses and add millions to the jobless rolls. The Italian economy might shut down without cash.

By all means people should be able to go cashless if they like. But it’s hard to avoid the conclusion that the politicians want to bar cash as one more infringement on economic liberty. They may go after the big bills now, but does anyone think they’d stop there? Why wouldn’t they eventually ban all cash transactions much as they banned gold and silver as mediums of exchange?

Beware politicians trying to limit the ways you can conduct private economic business. It never turns out well.

The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a few excerpts from the post, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash:

Martin Armstrong noted at the time:

I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval. When I Googled the issue to see who has picked it up yet, to my surprise Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as the Central Bank of Nigeria, but I have yet to find reports on the meeting taking place in London when my sources are direct.

Other newspapers who have covered my European tour have stated that the “crash” of which I speak is the typical stock market rather than in government. What is concerning me is the silence on this meeting where there are more and more reports about a cashless society would be better.

If we look at the the turning points on the ECM, yes they have been to the day when there has been a concentration of capital in a particular market. However, it has also picked the turning points in political decisions such as the formation of the G5 with 1985.65, the very day Greece asked for help from the IMF in 2010, to the day of 911. What we better keep one eye open for here at night is this birth of a cashless society coming in much faster than expected. Why the secret meeting? Something does not smell right here.

To which I added my own observation:

Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless

In the mind of an economic tyrant, banning cash represents the holy grail. Forcing the plebs onto a system of digital fiat currency transactions offers total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.

Moving along, today the world had the unfortunate experience of its attention being turned toward the malicious and authoritarian mindset of none other than Larry Summers. Bloomberg reports:

Former U.S. Treasury Secretary Lawrence Summers urged countries around the world to agree to stop issuing high-denomination banknotes, adding his voice to intensifying criticism of a practice alleged by police to abet crime and corruption.

Summers’s call coincides with a review by the European Central Bank of its 500-euro ($558) note, whose future now looks increasingly uncertain. President Mario Draghi repeated this week that the institution was considering withdrawing the euro area’s most valuable bill to avoid aiding criminals.

“Even better than unilateral measures in Europe would be a global agreement to stop issuing notes worth more than say $50 or $100,” Summers said on his blog on Tuesday. “Such an agreement would be as significant as anything else the G-7 or G-20 has done in years.”

For now, “I’d guess the idea of removing existing notes is a step too far,” Summers wrote. “But a moratorium on printing new high-denomination notes would make the world a better place.”

First of all, why is this discredited buffoon still paraded around everywhere as if he’s an authority on anything other than hubris and ineptitude? The fact that fossils like Larry Summers still have such a prevalent voice amongst world leaders is precisely what Americans are revolting against in their support of Trump and Sanders.

Second, the incredible irony in all of this is that while banning cash would merely make life inconvenient for petty criminals, it would making government economic tyranny and elitist theft exponentially easier. Crime agains average people would explode as a result. It reminds me of the quote attributed to Aesop:

We hang the petty thieves and appoint the great ones to public office.

Interestingly, it appears Monopoly is ahead of the curve on this one. Indeed, while I first saw Monopoly move to “electronic banking” over three years ago, the board game’s latest iteration which will be released this summer, takes it to a whole new level.

The ban on cash is coming. Soon. 

This is starting to become very concerning.

The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.

On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.

Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about getting rid of the $100 bill.

Prominent economists and banks have joined the refrain and called for an end to cash in recent months.

The reasoning is almost always the same: cash is something that only criminals, terrorists, and tax cheats use.

In his op-ed, Summers refers to a new Harvard research paper entitled: “Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes”.

That title pretty much sums up the conventional thinking. And the paper goes on to propose abolishing, among others, 500 euro and $100 bills.

The authors claim that “without being able to use high denomination notes, those engaged in illicit activities – the ‘bad guys’ of our title – would face higher costs and greater risks of detection. Eliminating high denomination notes would disrupt their ‘business models’.”

Personally I find this comical.

I can just imagine a bunch of bureaucrats and policy wonks sitting in a room pretending to know anything about criminal activity.

It’s total nonsense. As long as there has been human civilization there has been crime. Crime pre-dates cash. And it will exist long after they attempt to ban it.

Perhaps even more hilarious is that many of these bankrupt governments have become so desperate for economic growth that they now count illegal drug activity and prostitution in their GDP calculations, both of which are typically transacted in cash.

So, ironically, by banning cash these governments will end up reducing their own GDP figures.

What’s really behind this? Why is there such a big movement to ban something that is used for felonious purposes by just a fraction of a percent of the population?

Cash, it turns out, is the Achilles’ Heel of the financial system.

Central banks around the world have kept interest rates at near-zero levels for nearly eight years now.

And despite having created massive bubbles and enabled extraordinary amounts of debt, their policies aren’t working.

Especially in Europe, the hope of stoking economic growth (and even the sickening goal of inflation) has failed.

So naturally, since what they’ve been trying hasn’t worked, their response is to continue trying the same thing… and more of it.

Interest rates across the European continent are now negative.

Japanese interest rates are now negative.

And even in the United States, the Federal Reserve has acknowledged that negative interest rates are being considered.

They have no other choice; raising rates will bankrupt the governments they support and derail any fledgling economic growth.

Look at how low interest rates are in the US– and yet 4th quarter GDP practically ground to a halt. They simply cannot afford to raise rates.

As global economic weakness continues to play out, central banks will have no other option but to take interest rates even further into negative territory.

That said, negative interest rates will be the destruction of the financial system.

Because sooner or later, if banks have to pay negative wholesale interest rates to each other and to the central bank, then eventually they’ll have to pass those negative rates on to their customers.

Many banks have already started doing this, especially on larger depositors.

We’ve seen this in Europe where some banks charge their customers negative interest to save money, and in some extraordinary circumstances, pay other customers to borrow money.

It’s total madness.

There’s a certain point, however, when interest rates become so negative that no rational person would hold money in the banking system.

Eventually people will realize that they’re better off withdrawing their money and holding physical cash.

Sure, cash doesn’t pay any interest. But it doesn’t cost any either.

If you have a $200,000 in your savings account at negative 1%, you’d have to pay the bank $2,000 each year.

Clearly it would make more sense to buy a safe and hold most of that money in cash.

Problem is, the banks don’t have the money.

For starters, there’s literally not enough cash in the entire financial system to pay out more than a fraction of all bank deposits.

More importantly, banks (especially in the US and Europe) are extremely illiquid.

They invest the vast majority of your deposit in illiquid loans or securities of dubious long-term value, whatever the latest stupid investment fad happens to be.

And many banks have been engaging in a substantial balance sheet shift, rotating bonds from what’s called “Available for Sale” to “Hold to Maturity”.

This is an accounting trick used to hide losses in their bond portfolios. But it also means they have less liquidity available to support bank customer withdrawal requests.

The natural side effect of negative interest rates is pushing people to hold money outside of the banking system.

Yet it’s clear that a surge of withdrawal requests would bring down that system.

Banks don’t want that to happen. Governments don’t want that to happen.

But since central banks have no other choice than to continue imposing negative interest rates, the only logical option is to ban cash and force consumers to hold their money within the banking system.

Make no mistake, this is absolutely a form of capital controls. And it’s coming soon to a banking system near you.

PS. Clearly a trend with this much momentum requires some deliberate and measured action if you don’t want your savings trapped.

Tuesday was the largest cover day since Oct 2014, driven by both fundamental accounts AND quants. Which segues nicely into the next point

As highlighted last night in the special post-close version of “RBC Big Picture,” the extent of the recent equity market-neutral deleveraging (and concurrent pnl destruction) is on par with the US debt downgrade / Lehman / Bear trades.

When you see multiple periods of -1% returns consecutively, against AUM leveraged at 10 to 14x’s, the sheer enormity of notional $$$’s plowing ‘into’ shorts on covers and ‘out of’ longs is insanely huge, and dwarfs other flows. Thus, the general violence of these extreme moves—these market forces are not just huge, but due to the nature of many of the equity quant models being derived from the same ‘core’ theses, the amplification / ‘echo’ of these books sees inherent ‘crowding’ / ‘herding.’

13Fs: Q4 filings showing the extent of the hedge fund wide destruction. Look at the positioning into start of ‘16, per the most heavily weighted Q4 sectors / allocations–Financials at 21.2%, Info Tech at 20.1%, Consumer Discretionary at 16.8% and Health Care at 13.2%:

THE HUMANITY. Obviously, this goes hand-in-hand with the points above on the extent of the performance-pain, dragging down all equities players.

Turning to another equities tailwind, how about the $22B of US IG issuance unleashed yesterday?! For context, it was the second largest day off paper YTD. This is most notable for the equities crowd not just because it shows money being ‘put to work,’ but becausethe majority of that debt was ear-marked for stock repurchases (AAPL, IBM). GS data is showing us that YTD buyback announcements are off to their strongest start ever at $132B—last week alone saw 47 new BBs totaling $42B authorized.

Piling-onto the squeeze-theme is the ‘turn’ in CTA / managed futures positioning: price momentum has shifted in SPX, crude and USTs / EDs, and need be monitored for further break-out. This certainly would add considerable fuel to the equities melt-up, as remember, being ‘price insensitive’ goes both-ways…but can also add to performance-issues, with much of that stock short base still built via Energy, Industrials and Materials. Ouch.

Explaining The “General Violence Of The Market’s Extreme Moves”

Also worth noting, Atlanta Fed Q1 GDP tracker today is at +2.7% (up from 0.7% in January). This ‘growthier’ move could definitely catch those who have positioned for disinflation /deflation or the dreaded recession AWFULLY upside-down.

“Worst Since Lehman”

If “everything’s fixed,” then why is the number of distressed debt issuers still the highest “since Lehman.”

And the answer is not – it’s just energy and it’s different this time. 

Housing ‘Recovery’ Hope Humbled As Billings & Purchases Plunge.

Following this morning’s weak Starts and Permits data, even homebuilders are starting to lose faith in the recovery meme but there is a long way to go before that is priced in. Perhaps the follwoing two data points will help to wake up the rest of the investing public that all is not as well as hoped. For the 3rd week in a row mortgage applications for purchases slid (reflecting the ‘now’)…

and even more worrying, Architecture Billings tumbled into contraction (below 50) throwing doubt on the imminent future as the inquiry index plunged from 60.5 to 55.3.

Still, stocks are surging – led by homebuilders – so everything must be fine, right?

Biggest Short-Squeeze In Over 7 Years Sparks 1000 Point Surge In The Dow 

The last 3 days have been a face-ripper as US equities have soared most since August amid (oil) rumors, (banking system) hope, and (bad news is good news) dismal data. The Dow is up 900 points from Thursday’s lows…

Biggest Short Squeeze Since Black Monday Sends Dow Up 900 Points Since Thursday

This is all happening as “Most Shorted” stocks spike 11% off Thursday lows – the biggest squeeze since Black Monday.

And we know what happened after that dip was bought.

Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.

However, jobs offshoring also offshored US GDP and consumer purchasing power. Despite promises of a “New Economy” and better jobs, the replacement jobs have been increasingly part-time, lowly-paid jobs in domestic services, such as retail clerks, waitresses and bartenders.

The offshoring of US manufacturing and professional service jobs to Asia stopped the growth of consumer demand in the US, decimated the middle class, and left insufficient employment for college graduates to be able to service their student loans. The ladders of upward mobility that had made the United States an “opportunity society” were taken down in the interest of higher short-term profits.

The Frightening Truth About What Is Really Happening In The United States 

Without growth in consumer incomes to drive the economy, the Federal Reserve under Alan Greenspan substituted the growth in consumer debt to take the place of the missing growth in consumer income. Under the Greenspan regime, Americans’ stagnant and declining incomes were augmented with the ability to spend on credit. One source of this credit was the rise in housing prices that the Federal Reserves low interest rate policy made possible. Consumers could refinance their now higher-valued home at lower interest rates and take out the “equity” and spend it.

The debt expansion, tied heavily to housing mortgages, came to a halt when the fraud perpetrated by a deregulated financial system crashed the real estate and stock markets. The bailout of the guilty imposed further costs on the very people that the guilty had victimized.

Those few benefitting from inflated financial asset prices produced by Quantitative Easing and buy-backs are a much smaller percentage of the population than was affected by the Greenspan consumer credit expansion. A relatively few rich people are an insufficient number to drive the economy.

The Federal Reserve’s zero interest rate policy was designed to support the balance sheets of the mega-banks and denied Americans interest income on their savings. This policy decreased the incomes of retirees and forced the elderly to reduce their consumption and/or draw down their savings more rapidly, leaving no safety net for heirs.

The rigged understatement of inflation deceived people into believing that the US economy was in recovery. The lower the measure of inflation, the higher is real GDP when nominal GDP is deflated by the inflation measure. By understating inflation, the US government has overstated GDP growth.

In the 21st century US economic policy has destroyed the ability of real aggregate demand in the US to increase. Economists will deny this, because they are shills for globalism and jobs offshoring. They misrepresent jobs offshoring as free trade and, as in their ideology free trade benefits everyone, claim that America is benefitting from jobs offshoring. Yet, they cannot show any evidence whatsoever of these alleged benefits.

As an economist, it is a mystery to me how any economist can think that a population that does not produce the larger part of the goods that it consumes can afford to purchase the goods that it consumes. Where does the income come from to pay for imports when imports are swollen by the products of offshored production?

We were told that the income would come from better-paid replacement jobs provided by the “New Economy,” but neither the payroll jobs reports or the US Labor Departments’s projections of future jobs show any sign of this mythical “New Economy.”

There is no “New Economy.” The “New Economy” is like the neoconservatives’ promise that the Iraq war would be a six-week “cake walk” paid for by Iraqi oil revenues, not a $3 trillion dollar expense to American taxpayers (according to Joseph Stiglitz and Linda Bilmes) and a war that has lasted the entirely of the 21st century to date and is getting more dangerous.

The American “New Economy” is the American Third World economy in which the only jobs created are low productivity, low paid nontradable domestic service jobs incapable of producing export earnings with which to pay for the goods and services produced offshore for US consumption.

The massive debt arising from Washington’s endless wars for neoconservative hegemony now threaten Social Security and the entirety of the social safety net. The presstitute media are blaming not the policy that has devastated Americans, but, instead, the Americans who have been devastated by the policy.

Earlier this month I posted readers’ reports on the job situation in Ohio, Southern Illinois, and Texas. In the March issue of Chronicles, Wayne Allensworth describes America’s declining rural towns and once great industrial cities as consequences of “globalizing capitalism.” A thin layer of very rich people rule over those “who have been left behind”—a shrinking middle class and a growing underclass. According to a poll last autumn, 53 percent of Americans say that they feel like a stranger in their own country.

Most certainly these Americans have no political representation. As Republicans and Democrats work to raise the retirement age in order to reduce Social Security outlays, Princeton University experts report that the mortality rates for the white working class are rising.

The United States government has abandoned everyone except the rich.

From Cashless Society To Killing People According To Meta-Data ‘Skynet’ Is Real, It Is Live And It Has Already Taken Control – CIA, Google, Facebook Connections 

Two RAF Typhoons are scrambled to intercept pair of nuclear-capable Russian Blackjack bombers heading towards UK airspace

Antichrist Communist China may not have troops or planes in Syria but that doesn’t mean it won’t be a part of World War III.

Even as the eyes of the world are now trained squarely on the Antichrist Mid-East where the Russian and Antichrist Iranian assault on Aleppo is set to draw the Antichrist Saudis and the Jive Turks into a ground war, the dispute over a tiny chain of islands in the South China Sea is still simmering.

Antichrist Communist China Puts Missiles On Disputed Islands, Says West Should Ignore Them, Focus On Lighthouses.

“Asked about the missiles at a briefing in Beijing, Antichrist Communist Foreign Minister Wang Yi said that limited self-defense facilities on Woody Island are consistent with Antichrist Communist China’s self-protection policies and international law,” Bloomberg reports. “He described the report as Western media hype.” He also said the West should focus more on the lighthouses Antichrist Communist China has built on the islands which should help to protect the $5 trillion in shipping that moves through the region each year.

Right. It’s all “Western media hype.” This is just the Antichrist Communist PLA putting air defense systems in place on islands that Antichrist Communist China is definitely not militarizing. Nothing to see here, move along..

Report: Russia will send first S-300 missile system to Iran on Thursday 

Russia will send the first S-300 air defense missile system to Antichrist Iran on Thursday, Russia’s RIA state news agency reported on Wednesday quoting an unidentified source.

If Russia initiates an offensive against Jive Turkey, even though they may have the legitimate right to do so, Jive Turkey will undoubtedly appeal to NATO for support. Having been “attacked” they will try to invoke Article 5 of the NATO self-defense agreement. That would require NATO to come to the defense of Jive Turkey, thus engaging Russia directly.

One intelligence source in the US said, “This Has Disaster Written All Over It.”

BREAKING: WW3 May Have Begun This Morning! Jive Turkey Shelling Syria, Antichrist Saudis Attack, and Russian ‘NEW WORLD WAR’ Ultimatum! 

FIGHTING HAS BEGUN! Jive Turkey Shelling into Syria; Attacking Syrian Antichrist Arab Army and border of Russian Base in Latakia.

According to Jewsnews, those positions are held by the Syrian Arab Army (legitimate, duly-elected government of Syria) and are NOT being aimed at Antichrist ISIS terrorists! These are direct attacks by Jive Turkey upon the lawful government forces of Syria.

With their rebel allies falling to the legitimate government of Syria, Jive Turkey has now begun shelling Syria to aid their Rebel forces and Antichrist ISIS Terrorists.

Sources on the ground inside Syria claim that the Jive Turks began an intense artillery assault at about 6:00 AM eastern US time today. Jive Turkey is also said to be targeting the Kurdish YPG.

Just when it seemed that the Syria’s proxy war would remain confined within the “comfortable” realm of conventional weaponry, moments ago Reuters gave the first hint of a potential, and radioactive escalation, when it reported that Iraq is searching for “highly dangerous” radioactive material stolen last year, according to an environment ministry document and seven security, environmental and provincial officials. The loss is significant because in already setting the next steps of the narrative, Reuters reports that the same officials “fear it could be used as a weapon if acquired by Antichrist Islamic State.”

It is unclear why a “highly dangerous” radioactive substance was located in Iraq, but as Reuters adds, the material, stored in a protective case the size of a laptop computer, went missing in November from a storage facility near the southern city of Basra belonging to U.S. oilfield services company Weatherford, the document obtained by Reuters showed and officials confirmed (incidentally this is the same Weatherford which two weeks ago fired 15% of its employees after warning of “lower for longer” oil prices).

Reuters attempts to probe further were promptly contained: a spokesman for Iraq’s environment ministry said he could not discuss the issue, citing national security concerns. A Weatherford spokesman in Iraq declined to comment, and the company’s Houston headquarters did not respond to repeated requests for comment.

More details on the theft from Reuters:

The material, which uses gamma rays to test flaws in materials used for oil and gas pipelines in a process called industrial gamma radiography, is owned by Istanbul-based SGS Jive Turkey, according to the document and officials.

An SGS official in Iraq declined to comment and referred Reuters to its Jive Turkish headquarters, which did not respond to phone calls.

The document, dated Nov. 30 and addressed to the ministry’s Centre for Prevention of Radiation, describes “the theft of a highly dangerous radioactive source of Ir-192 with highly radioactive activity belonging to SGS from a depot belonging to Weatherford in the Rafidhia area of Basra province”.

A senior environment ministry official based in Basra, who declined to be named as he is not authorized to speak publicly, told Reuters the device contained up to 10 grams (0.35 ounces) of Ir-192 “capsules”, a radioactive isotope of iridium also used to treat cancer.

The material is classed as a Category 2 radioactive source by the International Atomic Energy Agency, meaning if not managed properly it could cause permanent injury to a person in close proximity to it for minutes or hours, and could be fatal to someone exposed for a period of hours to days.
Reuters adds that the ministry document said it posed a risk of bodily and environmental harm as well as a national security threat.

And with this highly radioactive substance stolen, concerns arise that it may have fallen in the hands of Antichrist ISIS, from where it could promptly be used to make a dirty bomb.

According to Reuters, large quantities of Ir-192 have gone missing before in the United States, Britain and other countries, stoking fears among security officials that it could be used to make a dirty bomb.

“We are afraid the radioactive element will fall into the hands of Antichrist Daesh,” Reuters cited a senior security official with knowledge of the theft, using an Arabic acronym for Antichrist Islamic State.

“Highly Dangerous” Radioactive Material Stolen In Iraq, “Could Be Used For Antichrist ISIS Dirty Bomb”.

“They could simply attach it to explosives to make a dirty bomb,” said the official, who works at the interior ministry and spoke on condition of anonymity as he is also not authorized to speak publicly.
For now, there has been no indication the material had come into the possession of Antichrist Islamic State, which seized territory in Iraq and Syria in 2014 but does not control areas near Basra. However, in case of a dirty bomb going off somewhere on the Syria-Jive Turkey border, in close proximity to a battalion of Russian solders, well…

Attempts to contain a potential panic appears somewhat muted: the security official, based in Baghdad, told Reuters there were no immediate suspects for the theft. But the official said the initial investigation suggested the perpetrators had specific knowledge of the material and the facility: “No broken locks, no smashed doors and no evidence of forced entry,” he said.

Almost as if it wasn’t actually “stolen.”

Meanwhile, everyone is searing for the deadly substance: “a spokesman for Basra operations command, responsible for security in Basra province, said army, police and intelligence forces were working “day and night” to locate the material. The army and police have responsibility for security in the country’s south, where Antichrist Iranian-backed Shi’ite militias and criminal gangs also operate.”

Reuters also notes that Antichrist ISIS does not actually have to make a dirty bomb with the material: besides the risk of a dirty bomb, the radioactive material could cause harm simply by being left exposed in a public place for several days, said David Albright, a physicist and president of the Washington-based Institute for Science and International Security.

The senior environmental official said authorities were worried that whoever stole the material would mishandle it, leading to radioactive pollution of “catastrophic proportions”.

A second senior environment ministry official, also based in Basra, said counter-radiation teams had begun inspecting oil sites, scrap yards and border crossings to locate the device after an emergency task force raised the alarm on Nov. 13.

Two Basra provincial government officials said they were directed on Nov. 25 to coordinate with local hospitals. “We instructed hospitals in Basra to be alert to any burn cases caused by radioactivity and inform security forces immediately,” said one.

Something tells us any burn cases will not afflict local Iraqis; however if we were Russian soliders in Syria or Iraq’s vicinity, we would be concerned.

The final word belongs to the abovementioned David Albright who said that “if they left it in some crowded place, that would be more of the risk. If they kept it together but without shielding,” he said. “Certainly it’s not insignificant. You could cause some panic with this. They would want to get this back.”

Unless causing some panic, and a panicked counterresponse, is precisely the intention.

damascUS tRIGgER 911WMD Jubilee 

Reuters is reporting that Jive Turkey is asking the United States and other western allies to participate in a massive ground invasion of Syria. But of course the Jive Turks are not exactly sitting around and waiting for their western allies to get on board. Jive Turkey shelled northern Syria for a fourth consecutive day on Tuesday, even though the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration has been asking them to stop. The targets were Kurdish and Syrian military positions, and the goal appears to be to slow down their advance toward the Jive Turkish border. The Antichrist Sunni militants that Jive Turkey has been supporting for five years are now being completely routed, and Jive Turkey is in a great deal of panic about this.

Jive Turkey Is Asking The United States To Take Part In A Ground Invasion Of Syria

Heather Conley, the director of the Center for Strategic and International Studies’ Europe Program, told CNN that given the tense current relationship between Nato and Russia, northern Europe is now being viewed as a “theatre of operations”.

Why is US storing new tanks in hidden Norwegian caves? 

“Now that we have a very new security context with Russia, it now makes sense to rethink what is needed,” she said..

Leaked Document Indicates There May Soon Be EU Military Involvement in Libya 

A hailstorm and heavy rainfall accompanied with thick fog swept parts of the Antichrist United Arabian Emirates (UAE) on February 17, 2016. Severe flooding and low visibility conditions prompted warnings for drivers across the affected areas. 4 people died in a flood-related incident on February 18.

Severe flooding in Antichrist UAE – hailstorms, heavy rains and thick fog sweep the region

Dropping temperatures and a hailstorm were reported in the Al Malaiha area on February 17 while thick fog covered most of Dubai and neighboring Emirates. Very low visibility conditions were reported, prompting local authorities to warn the motorists to exercise caution and ensure the headlights or fog lights are turned on to ensure safe driving.

Heavy rainfall over the last two days triggered extensive surface flooding in parts of Nelson city and Tasman district in New Zealand on February 18, 2016, local civil defence and emergency authorities reported.

Reported flooding resulted from a period of severe weather over the last couple of days. 180 lightning strikes have been reported in the Central Otago district, and three of these struck the local houses. Rough seas and intense waves have been observed in the Auckland area.

More than 50 cm (19.7 inches) of rainfall was recorded during the last two days and significant amount of precipitation accumulated in the region’s rivers. Wairoa River has reached a 25-year flood level and Anatoki River has reported a 10-year flood level while a one-year flood level has been observed at the Maitai River.

67.8 mm (2.7 inches) of rain was recorded at Nelson airport on February 17, according to the Meteorological Service of New Zealand. For comparison, the average rainfall total for February is 46 mm (1.8 inches).

Torrential downpours trigger extensive flooding in Nelson city and Tasman district, New Zealand 

The “Pineapple Express” storm system lashed the Pacific Northwest with an abundant amount of rain over the last few days. Several high precipitation records were broken, and this winter is set to become one of the wettest winters on record.

Rivers overflowed their banks in western Washington on February 16, 2016, and more rain is expected across the region by the end of the week, according to the National Weather Service (NWS). The storm system is currently pointed toward Oregon

Record rainfall lashes Pacific Northwest, US, more precipitation on the way 

“It’s going to be pretty wet for a while,” said Johnny Burg, the meteorologist from the NWS.

Bellingham and Quillayute reported record 24 hours rainfall accumulation on February 15. 41.65 mm (1.64 inches) of precipitation was recorded at the Bellingham Airport, which set a new record. The old one, set in 1986, measured 25.9 mm (1.02 inches).

On the same day, 84.8 mm (3.34 inches) of rainfall was observed near Forks, at the north Washington coast. The recorded amount broke a 35-year-old record of 77.47 mm (3.05 inches).

A little less than 563.8 mm (22.2 inches) of rainfall was measured at Seattle-Tacoma International Airport from the beginning of December last year until February 15, 2016. The wettest winter period so far was recorded during 1999, when 578.36 mm (22.77 inches) was recorded between December and February. This record will most likely fall this year, with only two more weeks left until the end of the month.

Torrential downpour floods Córdoba, Argentina

Villa Richardson, Central America and parts of the North and West neighbourhoods in Córdoba were hit the worst as hundreds of houses immersed in the flooding waters. Several families were evacuated from Villa El Chaparral and the West sectors of the city, according to the Municipal Civil Defense.

Four transformer stations reported power outages and several medium voltage distributors suffered failure, The Provincial Energy Enterprise of Córdoba said. Several roads were immersed in flood water because the rainwater drainage system was overwhelmed, and numerous vehicles were stranded.

Wednesday February 17 2016, Halmahera, Indonesia 6.1 10.0

GLOBAL VOLCANISM: Enhanced Volcanic Activity – Two Volcanoes Erupt Within Two Hours In Nicaragua! [VIDEOS]

ANIMAL BEHAVIOR: Migratory Patterns And Disaster Precursors – Two Sperm Whales Die After Beaching On Coast Of East China And Another Dead Whale Found On Coast In Odisha, India, The Fifth This Month?! [PHOTOS + VIDEO]

Tropical Cyclone “Winston” is currently quasi-stationary system over the waters of South Pacific, over 200 km (124.3 miles) away from Niue. It will intensify over the next 48 hours and become equivalent to a category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale. During the next 24 hours, it will make a u-turn a start moving westward, passing near the Niue and Vava’u group of islands. Warnings and alerts have been issued accordingly.

Tropical Cyclone “Winston” to u-turn westward and affect Niue and Vava’u islands

Tropical Cyclone “Winston” was located approximately 212.9 km (132.3 miles) north-northwest of Niue, and tracking eastward at a very slow pace of 3.7 km/h (2.3 mph), on February 17 at 15:00 UTC, according to the Joint Typhoon Warning Center (JTWC).

A “Baffled” Bank Of Japan Is Shocked By Its “Message Of Despair”

The biggest news overnight, in addition to the endless Brexit negotiations, was a report that the PBOC will hike RRR-rates on some banks, a move that may contain credit growth after advances by smaller lenders jumped in January. It also suggests that any incremental easing in Antichrist Communist China may be off the table for some time.

As a reminder, following January’s CNY3.42 trillion surge in Total Social Financing, one estimate showed that February is already run-rating at roughly the same number, suggesting a total credit injection in the first two months of roughly $1 trillion. It is this surge that has apparently spooked the Antichrist Communist PBOC.

The central bank said in a Friday statement that some banks no longer meet criteria for preferential reserve requirement ratios and will have those levels increased. Prior to the announcement, Bloomberg News reported that some lenders will face a higher ratio as officials seek to limit the risks associated with last month’s jump in credit. The Antichrist Communist PBOC said its action wasn’t driven by the speed of lending.

A notable item is that the collective loan market share for ICBC, Antichrist Communist China Construction Bank, Agri Bank and Bank of Antichrist Communist China dropped to 20% last month from almost 40% in December, the figures show. This suggests that Antichrist Communist China’s four biggest banks weren’t the driving force behind last month’s credit binge. Small- and medium-sized lenders extended a combined 1.45 trillion yuan ($222 billion) of the new loans in January, accounting for 60 percent of the total increase.

While big banks are showing caution, smaller banks “are desperate to lend,” said Mu Hua, a Guangzhou-based analyst at GF Securities Co. “I just can’t figure out where would they find so many good projects to lend to. That’s probably raising some red flag to the central bank.”

What was truly bizzare is that between the first Bloomberg report and the subsequent PBOC confirmation, PBOC governor Zhou Xiaochuan said during a forum in Beijing that he “didn’t hear about” raising reserve-ratio rate for some banks, Antichrist Communist China Business News reported, opening up questions about just what is going on with monetary policy in Antichrist Communist China and who is making the decisions.

As a result of this PBOC confusion, US equity futures’ attempt to stage an overnight breakout failed, and the E-mini was trading down 9 points sessions lows at 1906 moments ago, while stocks in Europe and Asia trimmed weekly gains as oil fell for the first time in three days, denting optimism that this year’s rout in commodities was easing: as of this moment the European Stoxx 600 was down precisely 1.1%, while Spain’s IBEX was down 2%.

As Bloomberg adds, a global equities gauge fell for the first time in six days, bringing to an end a rally fueled by the first signs that producers may consider steps to rein in a record crude glut. Friday’s drop in energy prices dragged the Bloomberg Commodity Index lower even as industrial metals rose. Britain’s pound declined as David Cameron negotiated with European Union leaders over the U.K.’s membership of the bloc, while German bonds rose. The yen strengthened against all of its 31 major peers, with the biggest gains coming versus Asian counterparts.

“It’s a bumpy stabilization on oil, currency, spreads and equities,” said Didier Duret, who oversees about $219 billion as chief investment officer of ABN Amro Bank NV’s wealth-management unit. “The tail of energy has moved the psychology of the market.”

Futures Sink To Session Lows, Europe Slides Following Antichrist Communist Chinese RRR Hike Confusion, Brexit Concerns

Best Week Of 2016 For Stocks Amid Biggest Short-Squeeze In A Year 

Reading for February 20, 2016 ~ Adar I 11, 5776
Ex 27:20-30:10 ~ Ez 43:10-27 ~ Mark 12

Saturday, February 20, 2016: You shall command (Tetzaveh)