2(3-4)16 Gleaning Obozo The 911 Homosexual Climate Change No Boots SPECTRE Clown Visits His Antichrist Muslim Brotherhood And NEO Socialist German 666 Government Seeks Europa Whore Cash Control As Final Attempt To Rob The Idiot Public
I have heard it said that in order to fully grasp what we see happening around us in the present and to be fully prepared for what lies before us in the future, we must understand the truth of the past. With that in mind, warnings from decades ago, when looked at from the prism of todays events, show that the long-term agenda of the elite was not only predicted, but has been insidiously implemented in the years since and is almost fully complete now, as America is standing at the edge of the abyss..
More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps.
I’d say that’s a problem, but I don’t want to be accused of “peddling economic fiction.”
But isn’t the job market supposed to be strong?
I think it’s clear who’s actually peddling economic fiction, and it’s not me.
“Very few people have looked at what the cause of the problem is,” Bass begins. “They’ve let their banking system grow 1000% in 10 years. It’s now $34.5 trillion.”
Bass then goes on to note that special mention loans (which we’ve discussed on any number of occasions) are around 3% of total assets. “If they lose 3%, that’s a trillion dollars,” Bass exclaims. Ultimately, Bass’s argument is that when Antichrist Communist China is forced to rescue the banking system by expanding the PBoC’s balance sheet, the yuan will for all intents and purposes collapse. This is of course exacerbated by persistent capital flight.
Below, find some other soundbites from the interview. Notably, towards the end, Bass says that if Antichrist Communist China is right and speculation around a much larger devaluation is indeed unfounded, then it’s curious why Antichrist Communist China seems to care so much about what “one fund manager in Texas thinks.”
From Kyle Bass:
“The IMF says they need $2.7 trillion in FX reserves to operate the economy. They’ll hit that number in the next five months. Those who think they can burn it to zero and they have a few years ahead of them, they really only have a few months ahead of them.”
“When they lose money in their banks they’re going to have to recap their banks. They’ll have to expand the Antichrist Communist PBoC balance sheet by trillions and trillions of dollars.”
“No one’s focused on the banking system. Focus will swing to it this year.”
“A Antichrist Communist Chinese devaluation of 10% is a pipe dream. It will be 30-40% by the end.”
“If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion – it’s so small it should be irrelevant and yet somehow it’s really relevant.”
“If 4% of the population takes out their $50,000 quota, the FX reserves are gone. We lose ourselves in the numbers. $3.3 trillion is a big number, but the reserves to bank assets number is one of the worst in the world.”
I have zero confidence in this president, this administration, to do anything that might impede the flow of foreign nationals into the United States,” Cutler said.
He said the past seven years make previous administrations that were weak on immigration enforcement pale by comparison.
“Everything this administration has done has been to basically dismantle our immigration system, our laws and our borders,” Cutler said. “This isn’t the first administration to do it. I wasn’t happy with the Skull&Bones Bush 911 administration, either. But this administration has absolutely taken the door off the hinges.”
Of the more than 3,000 Antichrist mosques currently operating in the United States, about 80 percent of them have opened their doors since the Sept. 11, 2001, terror attacks on New York and Washington, D.C., Christian said.
Without Antichrist Saudi cash and the backing of a large organization like Antichrist ISNA many Antichrist mosques would struggle financially in the U.S.
This is where the Antichrist Muslim Brotherhood steps in to “rescue” the struggling mosques.
A group of Muslim men recently went into a Christian district in Pakistan, abducted a 7-year-old boy, and took turns gang raping him before finally strangling him to death with a rope. Locals found the child’s body dumped in a field the next day:
[T]he body was sent for post-mortem examination which revealed that the 7-year-old was killed after being brutally raped…. Speaking to The Express Tribune, a local said, “The suspects belonged to rich families and were drunk when they kidnapped the child and took him to their dera where they raped him.
Interestingly, while the NY Daily News, the Independent, and other media state that the boy was seized from a “Christian district,” the original report, published by one Kashif Zafar in the International New York Times’ Express Tribune, avoids mentioning the religious identity of either rapists or raped. It even fails to mention that this atrocity took place in Pakistan and merely names the region, Bahawalnagar, in both the title and body of the report, though few have any clue what country Bahawalnagar is located in.
Perhaps the NYT’s Express Tribune does not want readers to connect the dots and realize that “rich and drunk” Antichrist Muslims regularly rape and kill Christian “infidels” in Pakistan. One week after this 7-year-old boy was gang raped and murdered, another group of reportedly “rich and drunk” Antichrist Muslims in a car accosted three Christian girls walking home from work. They sexually harassed them, saying “Christian girls are only meant for one thing, the pleasure of Antichrist Muslim men.” When the girls tried to run away, the Antichrist Muslims chased them down in their car and ran them over, killing one girl, 17-year-old Kiran.
While Antichrist Muslim men regularly and openly prey on Christian girls in Pakistan, even the gang rape and murder of Christian boys is not as aberrant as the Express Tribune would have people think. Back in 2012, Samuel Yaqoob, aged 11, went to the markets of Faisalabad to buy food for his family and never returned. Like the 7-year-old boy mentioned above, Samuel’s body was “found near a drain in the Christian colony, bearing marks of horrific torture, with the murder weapon nearby. His nose, lips and belly had been sliced off, and his family could hardly recognize him because the body was so badly burnt.” Autopsy found “23 wounds by a sharp weapon” and indications “of sodomy.”
More than four in five Germans believe Chancellor Angela Merkel’s government isn’t controlling the refugee crisis, and welcome tougher measures to deal with it, a poll by ARD Deutschlandtrend has suggested.
The vast majority of the country’s citizens disagree with Merkel’s refugee policy, according to the poll conducted last weekend. Asked whether “the federal government has the refugee situation under control,” 81 percent of Germans answered “No,” with just 18 percent saying “Yes.”.
National public service broadcaster Zweites Deutsches Fernsehen (ZDF), which was recently forced into a humiliating apology for their silence on migrant violence and sex assault is being drawn into a fresh scandal after one of their former bureau chiefs admitted the company takes orders from the government on what it reports. He said journalists received instructions to write news that would be “to Ms. Merkel’s liking”.
Former head of ZDF Bonn Dr. Wolfgang Herles make the remarks during a radio event (from minute 27) in Berlin where journalists discussed the media landscape. Moving on to the freedom of the press, the panel chair asked Dr. Herles whether things in Germany had got “seriously out of whack”. With an honesty perhaps unusual in Germany, Dr. Herles replied that ordinary Germans were totally losing faith in the media, something he called a “scandal”. He said:
“We have the problem that – now I’m mainly talking about the public [state] media – we have a closeness to the government. Not only because commentary is mainly in line with the grand coalition (CSU, CDU, and SPD), with the spectrum of opinion, but also because we are completely taken in by the agenda laid down by the political class”.
Worse than the mainstream, government controlled and poll-tax funded media in Germany just agreeing with the ruling coalition, the stations actually took orders on what was and was not to be reported on. He said:
“…the topics about which are reported are laid down by the government.
“There are many topics that would be more important than what the government wants. But they, of course, want to deflect attention away from what doesn’t happen. Yet what doesn’t happen is often more important than what does happen – more important than gesture politics”.
While these orders are sent to media companies from unspecified places in the government, they are communicated to individual journalists by news executives using a new-speak jargon. Dr. Herles explains that while “there are, in fact, instructions from above”, when the editor in chief of ZDF communicated these instructions to his juniors he would merely say reporting should be framed in a way that “serves Europe and the public good”.
There would be no need to add in brackets that this actually means it should be reported “to Ms. Merkel’s liking”, as they would be understood as the true meaning.
“Today, one is not allowed to say anything negative about the refugees” said Dr. Herles, concluding: “This is government journalism and that leads to a situation in which people no longer trust us. This is a scandal.”
There has been very little reporting of the comments in the German media, and what there was has been critical of the remarks. Focus reported the comments of one centre-left media figure, Der Freitag newspaper editor Jakob Augstein who when asked whether there had ever been such “instructions from above”, said: “No, I deny vehemently there has ever been commands from the top”.
That the German mainstream media is not free and routinely obscures or bends the truth has been a key criticism by the Patriotic Europeans Against the Islamisation of Europe (PEGIDA) movement, which has coined phrases like Lügenpresse — the liar press — to express their frustration.
Tom Roth, who took the video, says an apparent refugee “touched the back” of a woman prompting the “old men” to scold the migrants and demand that they “behave.”
The situation deteriorated quickly from there as you can see from the video shown below.
Just another day in Angela Merkel’s multicultural utopia.
Issuing more credit will only make the 2016 crash worse. Trying to stop the current crash with more credit and lower interest rates is like sending the cavalry on suicide charges against entrenched machine guns, artillery and tanks. The coming financial slaughter will be as senseless, wasteful and ineffective as any suicide attack in the Great War.
Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World” was not JPMorgan as some had expected, but Germany’s behemoth, Deutsche bank.
Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails – case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds.
We then followed it up one year later with “The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times Greater Than German GDP.”
Then, just last June, we asked the most pointed question yet: “Is Deutsche Bank The Next Lehman?” only this time it wasn’t just the bank’s gargantuan balance sheet risk shown below…
…. but the fact that it impaired assets had finally started to trickle down through to the income statement, leading to loss after loss, management exit after exit, market rigging settlement after market rigging settlement, and all culminating ten days ago with the bank’s “titanic”, and record, €7 billion loss, surpassing the bank’s troubles even during the depths of the Global Financial Crisis.
But while income statement losses can be brushed aside, far more troubling was that even other banks had started paying attention to the bank’s balance sheet. This is what Citi said:
We view the leverage ratio as the binding capital constraint for Deutsche. The current 3.5% is well below peers and the company’s own 4.5% target. Post restructuring & litigation charges and a Postbank divestment at 0.6x P/TB, we estimate a pro-forma leverage ratio of c3.3%. This implies a c€15bn shortfall, of which we expect part to be met by underlying retained earnings and part via AT1 issuance. However this still leaves an equity shortfall – we see a c4% leverage ratio by end-2017 – which is likely to necessitate a capital increase of up to €7bn in our view. In addition we note the target CET1 ratio of >12.5% only allows for a 0.25% management buffer above the fully-loaded SREP requirement. This provides the company with limited flexibility especially if BaFin were to introduce a counter-cyclical buffer (max 2.5% add-on).
And then there is the huge black hole that is Antichrist Communist China, and exposure to it… although others are starting to pay attention, and as New Europe wrote two weeks ago, “Major European banks… are significantly exposed to Antichrist Communist China and if there is significant deleveraging the impact will no doubt be global.” Banks such as HSBC, such as Deutsche Bank.
We bring all this up because here is what the stock price of Deutsche Bank has done since our first warning about the huge potential risks borne by Deutsche Bank, back in April 2013:
But the real chart everyone should be paying attention to – we certainly have been for a long, long time – is that of DB’s Credit Default Swaps, the earliest harbinger not of company risk, that has been there for a long, long time, but far more importantly of the market’s realization and admission of this risk.
So, our question for today, is it time to panic about Deutsche Bank yet?.
It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money.
We’ve documented the cash ban calls on a number of occasions including, most recently, those that emanated from DNB, Norway’s largest bank where executive Trond Bentestuen said that although “there is approximately 50 billion kroner in circulation, the Norges Bank can only account for 40 percent of its use.”
That, Bentestuen figures, “means that 60 percent of money usage is outside of any control.” “We believe,” he continues, “that is due to under-the-table money and laundering.”
DNB goes on to say that after identifying “many dangers and disadvantages” associated with cash, the bank has “concluded that it should be phased out.”
On Tuesday we got the latest evidence that officials across the globe are preparing to institute a cashless “utopia” when Handelsblatt reported (in a piece called “The Death of Cash) that the Social Democrats – the junior partner in Angela Merkel’s coalition government – have proposed a €5,000 limit on cash transactions and the elimination of the €500 note.
Berlin is using a familiar scapegoat to justify the plan: the need to fight “terrorists” and “foreign criminals.”
“Limits on cash transactions would discourage foreign criminals from coming here to launder money,” says a paper penned by the Social Democrats. “If sums over €5,000 have to pass through traceable bank transactions, laundering would be severely hampered, it adds.”
On Wednesday, we got confirmation of the plan from Deputy Finance Minister Michael Meister who told reporters that Germany is proposing a euroarea ban on cash transactions over €5,000 to combat terrorism financing and money laundering.
“Since money laundering and terrorism financing are cross-border threats,” it makes sense to adopt a bloc-wide “solution”, but “if a European solution isn’t possible, Germany will move ahead on its own,” he added.
This comes at a rather convenient time for policy makers in Europe. Rates are already sitting at -0.30% and are likely to be cut by an additional 10bps in March. But that’s not likely to do anything to curb the disinflationary impulse. Mario Draghi isn’t anywhere close to his inflation target and it says a lot about how ineffective the ECB has been when everyone is relieved to see annual inflation running at the “brisk” pace of 0.4%.
As a reminder, the gradual phasing out of cash strips the public of its economic autonomy. Central bankers can only control interest rates down to a certain “lower bound.” Once negative rates are passed on to depositors – and trust us, that’s coming – people will simply start pulling their money out of the bank. The more negative rates go, the faster those withdrawals will be.
When you ban cash you eliminate this problem. In a cashless society with a government-managed digital currency there is no effective lower bound. If the economy isn’t doing what a bunch of bureaucrats want it to do, they can simply make interest rates deeply negative, forcing would-be savers to become consumers by making them choose between spending or watching as the bank simply confiscates their money in the name of NIRP.
Obviously, banning transactions above €5,000 is a long way from a wholesale ban on cash and several other countries have similar limits on cash transactions. Still, there’s no reason why the same rationale (i.e. fighting terror financing) can’t be applied to smaller sums – or all cash transactions. After all, it’s not as though “foreign criminals” only transact in amounts over €5,000 and since “follow the money” is usually the best way to get to the bottom of a perceived “problem,” having a ledger of everything someone or some group does financially would likely be an effective way to crack down on illicit activity.
We would argue that the cost to society of creating an economy wherein people’s economic decisions are completely dictated by small groups of economists far outweighs any benefits that would accrue from using a centrally planned digital currency to deter crime.
As for how a cash ban would go over in Germany, we seriously doubt the public would take it laying down given that only 18.7% of transactions in the country involve plastic cards.
The collapse of Deutsche Bank continues to not just accelerate but to contagiously spread…
Deutsche Bank’s CDS continues to push higher…smashing European bank risk to its highest since 2013…
A passenger plane was forced to make an emergency landing in Somalia on Tuesday when an explosion shortly after takeoff tore a large, gaping hole in its fuselage.
One source told CNN that initial tests of the damaged aircraft “came back positive for explosive residue.”
t appears The ADP Employment report was not good enough to support fed rate-hikes as across the majors, traders are selling USDs… Gold is also surging. It appears someone is betting large that this week’s payroll data will be weak…
Dollar is being dumped against the majors…
It’s no secret that trillions in global QE and the descent into the NIRP twilight zone have done very little to resuscitate global growth and trade in the wake of the crisis.
Indeed, eight years on and the world is mired in subpar growth and faces a global deflationary supply glut that’s driven commodity prices to their lowest levels of the twenty-first century on the way to undercutting central bankers’ collective efforts to jumpstart inflation and keep the entire world from becoming Japanified.
Now, as the BoJ and the ECB are set to double and triple down on measures which quite clearly are doing nothing besides blowing giant asset bubbles, Bill Gross has a question for the central banker crowd: “How’s it workin’ for ya?”
His latest is below.
he surge in credit risk across the global financial system is starting to get to the point where even Bill Miller will be forced to pay attention. With every central banker “all-in” with “whatever it takes” or “no limits” monetary policy, the fact that US, European, Chinese, Japanese, and Middle-East banks are all seeing credit risk spike should be a major concern to all…
European bank risk is at its highest since 2013…
Well, don’t say we didn’t warn you.
Just yesterday, in the course of documenting the largest ponzi scheme the world has ever known (in terms of number of victims), we remarked that if Antichrist Communist China’s beleaguered masses needed yet another excuse to rise up and stage massive street protests, they got one in the form of online P2P lender Ezubao, which defrauded nearly a million people.
Oh, and as for whether there may be other Ding Nings and Ezubaos lurking around in Antichrist Communist China just waiting to buckle under the weight of their own extraordinary ponzi-ness, consider this from Reuters:
“By November, there were over 3,600 P2P platforms as the industry raised more than 400 billion yuan, according to the Antichrist Communist China Banking Regulatory Commission (CBRC). More than 1,000 of those were problematic.”
In the Land of the Free, the government has spent years… decades… engaged in the most wasteful folly, from multi-trillion dollar wars to a multi-billion dollar website.
US debt just hit $19 trillion a few days ago. And it’s only going higher.
We can already see the government’s financial desperation.
Over the years, the government has effectively levied a ‘forced loan’ totaling more than $2.6 trillion on the Social Security Trust Fund, whose ultimate beneficiaries are the taxpayers of the United States.
Bottom line, they’re ‘borrowing’ YOUR money.
Last year the government stole more from Americans through ‘Civil Asset Forfeiture’ than all the thieves in the United States combined.
In December, the US government confiscated $19.3 billion from the Federal Reserve, which, by the way, was already very thinly capitalized.
Even if you want to believe the propaganda, it’s clear that these are not the actions of a healthy, solvent government that embraces liberty.
In fact, the government published over 80,000 pages of laws, bills, regulations, and executive orders last year. Just this morning they published another 308 pages.
It’s impossible for anyone to keep up with all of these rules. And yet each can carry civil and criminal penalties, including a fine now for not having health insurance.
As Mark Twain used to say, history may not repeat, but it certainly rhymes.
Financially insolvent governments of major superpowers do not simply go gentle into that good night.
They don’t suddenly turn over a new leaf and start embracing economic freedom.
Instead, they get worse. More desperate. More destructive.
Should we honestly believe that they can continue racking up more debt than has ever existed in the history of the world without any consequences?
This is madness. At some point, fiscal reality always catches up. Maybe not at $19 trillion. Maybe not even at $20 trillion.
Maybe it takes 3 months. Or 3 years. But somewhere out there is a straw that can break the camel’s back. And that has serious consequences.
Never forget that if something is predictable, then it’s also preventable.
And facing such obvious trends, it makes all the sense in the world to take some simple, rational steps to put together your own Plan B.
The will, prepared in 2004 and filed under the singer’s legal name, David Robert Jones, asked that his ashes be scattered “in accordance with the Antichrist Buddhist rituals,” the AP reported. According to a death certificate filed with the will, Bowie’s body was cremated on Jan. 12 in New Jersey.
NOTE: OK, well, too bad. Turns out Bowie went straight to Hell and never learned a thing. The dipshit ended very badly. Blackstar indeed, the dipshit never recovered from his Satanic Antichrist Cabalistic bullshit. Not even his pathetic Antichrist Buddhist Maitreya can hide from his ashes.
It never ceases to amaze, how so many intelligent people, with deep emotional honesty, fall so tragically short. The morons, like Bowie, obviously know Satan, the dipshit actually met him, and yet even after their dumb dusty asses are frightened by such an experience, somehow the dipshits end up as Antichrists in the end. Pathetic. Everyone that is a Saint in Christ has experiences and continuous revelation from Heaven, and our vision is clear and able to weed out the darkness among the unsealed hosts too, and it’s not because of our own power and authority. We are just sealed hosts of the Holy Spirit of our Father in Christ watching His will be done. Every true Saint knows this. David put forth usable parables at least, if you are a Saint of our Father in Christ able to provoke morons to use their brains. At this prophetic point though, trying to do so with Bowie and other Antichrist nitwits just isn’t going to happen. People are generally too stupid, shallow, or in the case of a Bowie, Hell bent. Can’t help but think about his poor daughter, what a messed up deal. Mother is an Antichrist muslim and Dad was a beloved genius that went straight to Hell, after his Crowley homosexual drug years. Lol, the dipshit kicked the homosexual dabbling and obviously the massive amount of alcohol and coke, which still took a toll on his liver even after going straight and sober, but, he never truly accepted our Father in Christ in the end. Instead the kid gets a heart full of ashes to ashes, funk to funky, we know Bowie was a junky, strung out …but never made Heaven on high. Now he’s feeling that all time low …burning in Hell with every Antichrist fool.
News Flash: To every Bowie fan, there is no guess work required of Saints Of Our Father in Christ. Guess what, Bowie died equal with every Antichrist in Hell. Saints of Christ declare the new name they are given, and they sing a new song. Who was Bowie trying to kid? Lol, he left a Blackstar with Buddhist ashes . The name of our Father in Christ is nowhere to be found with Bowie in the end. What is not known on Earth is as it is in Heaven, and Bowie’s name was never known in Heaven in that ”eternal” final respect.
Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal.
At the height of the financial disaster in 2008, the Government was forced to step in and rescue Lloyds Banks and RBS from liquidation, while the European Central Bank gave huge bailouts to Spain, Greece, Portugal and Italy.
Last month, the head of the European Central Bank Mario Draghi raised expectations that it could undergo yet more Quantitative Easing in March – in effect printing billions of pounds worth of money – in the face of ongoing economic fears.
France last month declared a state of economic crisis adding to worries about the stability of the eurozone.
Regulations now require banks in Europe to hold more cash as a buffer against market shocks, but Mr Pal said balance sheets haven’t been cleaned up and warned negative interest rates are hitting the firms hard.