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..
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.
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.
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.
Gee, it’s a good thing the GSEs have adequate capital buffers. Oh, wait…
the system has failed, but we can’t even talk about it.
“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.”’”
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.
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].
“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.
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.
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.”
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.
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.
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.
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…
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..
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].
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.
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.
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?”
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.
“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.
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.
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?
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.
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].
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?
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.”
There were many questions to a recent interview https://www.youtube.com/watch?v=dwwcNSR6nQE. 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 http://www.nytimes.com/2016/02/16/business/international/european-central-bank-weighs-eliminating-500-euro-bill.html?_r=0. This was immediately followed on Monday with a trial balloon by Larry Summers https://www.washingtonpost.com/news/wonk/wp/2016/02/16/its-time-to-kill-the-100-bill/ 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.
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!
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.
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…
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.
“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.”
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.
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.
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
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.
On January 2nd, 2015 the editor of website earthfiles.com 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.
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.”.