The Truth is Not a Choice

Don't Abort the Constitution

Month: June, 2016


And when the dragon saw that he was thrown down to the earth, he persecuted the woman who had given birth to the male Child. 14 But the two wings of the great eagle were given to the woman, so that she could fly into the wilderness to her place, where she was nourished for a time and times and half a time (three and one-half years), away from the presence of the serpent (Satan).

15 And the serpent hurled water like a river out of his mouth after the woman, so that he might cause her to be swept away with the flood. 16 But the earth helped the woman, and the earth opened its mouth and swallowed up the river which the dragon had hurled out of his mouth. 17 So the dragon was enraged with the woman, and he went off to wage war on the rest of her children (seed), those who keep and obey the commandments of God and have the testimony of Jesus [holding firmly to it and bearing witness to Him].

Revelation 12 

The year 1776 thus represents 1) the trestleboard date on which the great work and secret destiny began; and 2) is a prophetic marker toward the descent of the eye of Apollo/Osiris/Nimrod upon the uncapped pyramid in accomplishment of the Great Work.

Yet if the year 1776 represents the starting date on the trestleboard toward the accomplishment “of which the United States Government was dedicated from the day of its inception,” as Manly P. Hall said, what date did the Master Masons envision that the work would be finished in order that Hiram Abiff (Osiris/Apollo/Nimrod) could return to inhabit his temple? This is found in the Scottish Rite side of Freemasonry (as well as the modern Jewish calendar), who, unlike their other brethren, prefer adding 3,760 years to the common date. In order for this superior side of Masonry to arrive at the appropriate number for their finished pyramid and the completed work (the height of the pyramid with its capstone reaching upward of 5,776 inches), they have to add the future date, 2016, to the common era, or 3,760+2,016=5,776.

This is important for several reasons, not the least of which is that, if the culmination of the Illuminati enterprise reaches an apex in 2016, it is prophetically related to the infamous year 2012——the rollover of the Mayan and many other ancient pagan calendars that foresaw the conclusion of a dispensation and the beginning of a final Golden Age, which heralds the return of their gods. Disturbingly, some will say the year 2012 could therefore represent in Christian eschatology the beginning of Great Tribulation, with 2016 representing the “midst of the week” when Apollo (Antichrist) presents himself as God and enters the temple in Jerusalem. Others will claim 2016 as the start of the final age.


This includes the laying of the White House cornerstone on October 13, 1792, by Masons, and the Fourth of July signing of the Declaration of Independence thirteen days after summer solstice, so that the sun would be on Sirius. In Egyptian mythology, the sun represented Osiris while the star Sirius symbolized Isis, and thirteen was the number of pieces of Osiris that Isis was able to find after Seth, his evil brother, murdered and threw fourteen pieces of him into the Nile. Isis searched the riverbank until she recovered every piece, except for his genitals, which had been swallowed by a fish. Isis replaced the missing organ with an Obelisk and magically impregnated herself with Horus. Therefore, in Masonic as well as in ancient Egyptian mythology, the number thirteen—used a total of thirteen times on the Great Seal, counting front and back—is the number that represents the return or resurrection of Osiris.

This mythology was so meaningful to the founding of the United States and the construction of its capital—including having the missing Osiris genitalia represented by the 6,666-inches-high Egyptian Obelisk known as the Washington Monument—that nearly all of David Ovason’s five hundred-plus-page Secret Architecture of Our Nation’s Capital is dedicated to establishing the singular correlation between Washington DC and Virgo, the constellation of Isis, or what Ovason calls, “Isis, who was the chief of the feminine mystery deities and the prototype of the steller Virgo.”[ix]

This affiliation existed from the very day Freemasons gathered on April 15, 1791, beginning appropriately at 3:30 PM (reflecting the mystical value, thirty-three) because of the astrological position of Jupiter and Virgo, and what this would mean for the secret destiny of America:

At exactly 3:30 PM, Jupiter…began to rise over the horizon. It was in 23 degrees of Virgo.… By this means, the zodiacal power of Virgo, which was called in later Masonic circles “the Beautiful Virgin,” was able to stamp her benign influence on the building of the federal city.… A few of the many Freemasons present at this ceremony would have been only to well aware of the profound implications of what they were doing.… It is quite clear that the ceremonial placing of the stone related to more than merely the founding of the federal district: it was somehow linked to the future destiny of America itself.[x]

By dedicating the United States through its astrological alignment to the “Virgin” constellation of Isis, the founders had dedicated the “destiny” of America to fulfilling the secret doctrine of Freemasonry, as also reflected in the Osiris/Apollo symbolism of the Great Seal, concerning subservience—now and upon his return as Antichrist—to Osiris/Apollo/Nimrod.

Interestingly, the same dedication to Osiris/Isis/Apollo exists in New York where the events of September 11, 2001, initiated the push toward the novus ordo seclorum. The Statue of Liberty in New York’s Harbor, which holds the Masonic “Torch of Enlightenment,” was presented in 1884 as a gift to American Masons by the French Grand Orient Temple Masons.

Designed by French Freemason and sculptor Frédéric Auguste Bartholdi and built by another French Freemason, Gustave Eiffel, the statue was originally identified as “the goddess Isis” with the statue’s head formed to represent “the Greek Sun-god Apollo…as preserved on an ancient marble tablet (today in the Archaeological Museum of Corinth, Corinth, Greece)—Apollo was represented as a solar deity, dressed in a similar robe and having on its head a ‘radiate crown’ with the seven spiked rays of the Helios-Apollo’s sun rays.”[xi]

The legend of Osiris and Isis, the connection with Apollo, the magical number thirteen, and the history surrounding their mythos is often openly discussed in Masonic and brotherhood-friendly literature. For instance in Morals and Dogma, Albert Pike enumerated the esoteric significance of the Osiris epic at length, adding that lower-level Masons (Blue Masonry) are ignorant of its true meaning, which is only known to those who are “initiated into the Mysteries.”[xii] Pike also spoke of the star Sirius—connected to Isis and at length to Lucifer/Satan—as “still glittering” in the Masonic lodges as “the Blazing Star.” Elsewhere in Morals and Dogma, Pike reiterated that the “All-Seeing Eye…was the emblem of Osiris”[xiii] and that the “Sun was termed by the Greeks the Eye of Jupiter, and the Eye of the World; and his is the All-Seeing Eye in our Lodges.”

Once people understand this illuminated Masonic connection to the “trinity” on America’s Great Seal, and what the prophetic symbolism, mottoes, and numerology imply, it becomes apparent why so much effort was put forward for so long by those who felt it was necessary to hide this extraordinary destiny. Ovason acknowledges this conspiracy of silence as well:

The motto at the top of the seal, Annuit Coeptis, is from Virgil…from the Aeneid.… This is a prayer to the god Jupiter.… We should observe that while the subject matter of the reverse of the seal is undoubtedly pagan—if symbolic of hermetic Egypt—the superior motto is itself a prayer to a pagan god. Could this be the reason why there has been so much reluctance to bring the reverse of the seal into the light of day? Whatever the nature of the god, the prayer directed in this way is a petition that the daring undertaking [the secret destiny of America as symbolized in “finishing” the pyramid] may be completed, and that the new age will find fulfillment.[xv]

Ovason, a Mason whose research earned praise from Fred Kleinknecht, Sovereign Grand Commander of the 33rd-Degree Supreme Council of Freemasons in Washington DC, is to be thanked for inadvertently revealing what the Illuminatus has secretly known for ages—that the Great Seal of the United States is a pagan prophecy and petition to a pagan god (the same entity the Bible identifies by name as the end-times Antichrist) to assist in the conclusion of the great work by his return. “When we have grasped the importance of these New Age expectations,” Ovason concludes, “we shall be in a better position to understand why the design for this reverse [side of the Great Seal] has remained so consistently hidden.”

But Whose All-Seeing Eye Is This, Anyway? 

Evidently it was not problematic for Obozo, who stood in front of it and saluted the German audience in a way eerily similar to what Adolf Hitler used to do, followed by thousands returning the salute, which is against German law. When Obozo ended his speech in front of the war goddess, he said, “With an eye toward the future, with resolve in our hearts, let us remember this history, and answer our destiny, and remake the world once again.” This is exactly what Hitler had promised to do and exactly where he had planned to memorialize it.

Of greater significance and not far from where Obozo delivered his rousing speech is the Great Altar of Zeus in the Pergamon Museum. According to several reports, Obozo visited the Great Altar while in Berlin, which is especially important, given what he did on returning to the United States. Before we examine Obozo’s revealing actions, consider carefully what the Bible says about the Altar of Zeus in the letter to the church in Pergamos (Pergamum, Pergamon):

And to the angel of the church in Pergamos write; These things saith he which hath the sharp sword with two edges; I know thy works, and where thou dwellest, even where Satan’s seat is: and thou holdest fast my name, and has not denied my faith, even in those days wherein Antipas was my faithful martyr, who was slain among you, where Satan dwelleth. (Revelation 2:12–13).

In the Greek, the phrase, “where Satan’s seat is,” literally means, “where a throne to Satan is.” Scholars identify this throne or “seat” as the Great Altar of Zeus that existed in Pergamos at that time. So important was the worship of Zeus in ancient Pergamos that perpetual sacrifices were offered to him upon the towering and famous forty-foot-high altar. Antipas, the first leader and martyr of the early Christian church, is believed to have been slain on this altar, slowly roasting to death inside the statue of a bull, the symbol and companion of Zeus. The phrase in Revelation 2:13, “wherein Antipas was my faithful martyr, who was slain among you, where Satan dwelleth,” is considered a citation of this event.

Approximately two thousand years after Revelation 2:13 was written, German archeologists removed the massive altar of Zeus from the ruins of Pergamos and took it to Berlin, where it was restored as the centerpiece of the Pergamon Museum. It is here that Hitler first adored it, later building an outdoor replica of it from which he gave a series of speeches that mesmerized many Germans.

“Fast forward about another seventy-five years,” says blogger El Gallo. “Another charismatic young politician mesmerizes huge German crowds with a rousing speech in Berlin. Antichrist NWO 666 Barack Hussein Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown…[and] did Antichrist NWO 666 Barack Obozo 911 Homosexual Climate Change no Boots SPECTRE Clown visit…the Great Altar of Zeus…? Presumably he did.”[x]

Whether Obozo received inspiration from the throne of Satan while in Berlin or not, what he did next was astonishing. Upon returning to the United States, he immediately commissioned the construction of a Greek-columned stage from which he made his acceptance speech for his party’s nomination. Because Greek temples such as those built to honor Zeus were thought to house the patron deity, the GOP ridiculed Obozo, mocking him as playing Zeus of “Mount Olympus” and accusing his supporters of “kneeling” before the “Temple of Obozo.” The New York Post ran an enlightening “Convention Special” supplement on August 28, 2008, with the telling headline: “‘O’ My God: Dems Erect Obozo Temple” blazoned across the front cover. But it was not until blogger Joel Richardson pointed out how the design of Obozo’s stage was a dead ringer for the Great Altar of Zeus[xi] that Obozo’s campaign managers tried to explain away the design as being a conglomeration representing the portico of the White House with the U.S. capitol building. “But experts agreed with Richardson,” Gallo wrote. “It was a replica of the Great Altar of Pergamum.”

Thus incredibly, like Hitler, Obozo honored the goddess Victoria with his presence before ordering a replica of the biblical throne of Satan, upon which he accepted his date with destiny.

Following this, Antichrist NWO 666 Barack Hussein Obozo 911 Homosexual Climate Change No boots SPECTRE Clown on June 4, 2009 gave an unprecedented speech to the Antichrist Muslim world from Cairo, Egypt, declaring that he was launching a new era between the United States and the Antichrist Muslim world. For the first time, Obozo was forthright about his Antichrist Muslim heritage and stated that the United States—which he is on record as saying is “no longer a Christian nation”—is now “one of the largest Antichrist Muslim countries in the world.” Newsweek editor Evan Thomas followed the president’s speech with a declaration, reflected in the opinion of many, that “Obozo is standing above the country, above the world, he is a sort of God.”[xiii]

A “Nod” from the Craft and the Altar of Zeus 

Now imagine—if such sentiments as illustrated above were afforded to a man like Obozo—what would America and people around the world be willing to accept if a truly amazing, even ‘other-worldly’ man stepped forward in 2016 with seemingly all of the answers to mankind’s woes?

Is the government lying to the nation about the Orlando Massacre? Today on TRUNEWS, Rick Wiles will systematically dissect the undeniable contradictions between the FBI’s official report and the eye witness testimony of victims in the club. Rick will also speak with John Jackson and Jennifer Walsh about the LGBT activists’ sinister plan to crack down on Christian colleges and universities in California.

TRUNEWS 06-29-16

July 4th – June 6th – September 11th – August 15th

You likely associated the first three dates above with transformative events in U.S. history. August 15th, however, may have you scratching your head.

August 15th – The Date Which Will Live In Monetary Infamy 

It started out with hints of official, United States governmental oppression of Christianity in the wake of the Supreme Court’s marriage decision, such as “discrimination” complaints against people who refuse to celebrate homosexual behavior.

American Antichrist Courts say living by Christian faith illegal

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.

Revelation 13 

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..

Gerald Celente is not the only economist who is predicting an economic collapse in 2016; Professor W. Thompson of Indian University also projects that the economies world over will see a downturn in 2016.

Money is flowing out of so-called emerging markets like Brazil, Russia, South Africa and Turkey. Investors pulled $735 billion (€657 billion) out such countries in 2015 — the first year of net outflows since 1988, according to the Institute of International Finance.

And emerging markets aren’t so emerging any more: they provide 70% of expected global growth.

Globalists Are Going To Collapse World Economy

Events that will happen in the aftermath of American Economic Collapse of 2016.

Martial law:

Considering the widespread impact of a collapsing economy on the sentiments of people, it is expected that the government will use the National Defense Authorization Act (NDAA) to its advantage. The NDAA will give the government the power to detain any individual considered as a threat for an indefinite period.

An American economic collapse in 2016 can trigger travel restrictions, including suspension of passports. An economic collapse will also cause travel restrictions to be put in place at highways/checkpoints.
Confiscation of wealth:

A catastrophic economic collapse can make the government to take extreme steps, which also includes confiscation of wealth. The laws passed by the European Union give it the authority to confiscate bank accounts through bail-ins. Although real estate and precious metals are not covered under the rule, but it doesn’t mean that they are safe. Governments around the world have been known to make some difficult decisions whenever their economies are in dire straits, and 2016 can turn out that point of time in history.

Shortage of food:

An economic collapse can lead to shortage of food in the world. The food industry is expected to take a severe hit as it survives mostly on small profit margins.

Economic crisis These were a few events that are likely to occur after the global economic collapse of 2016. As was the case with previous economic crashes, people who could see the tide coming were not only able to save their fortune, but also use the bearishness of the market to their advantage. Although the mainstream media will make you believe that the economy is on a solid footing, the ground reality is starkly different. It is everyone’s prerogative to take the right steps and save prepare for the economic catastrophe that will be the year 2016.

There Is Now A Staggering $11.7 Trillion In Negative Yielding Debt

NOTE: If you are still a dumb ass that claims the the revelation of our Father in Christ is a big hoax and Satan is just a made up attempt to justify resistance against the evil bastards the Holy Bible describes and the homosexual etc… etc.. etc.. agenda of the New Globalist Mark Of The Beast Secular Order, you are about to enter the prophetic tribulation era, described in the Holy Old and New Testament scriptures as the 3 1/2 year(s) time frame of the ”Outer Court” end time ”as it was in the days of Noah” Antichrist ”mark of the beast” era when your own judgment shall be sealed upon you . Your place in Hell is certain if you do not stop being a complete Hell bound fool and you better start figuring it out now. You morons are currently the enemy of humanity, with your pathetic attempt  at cognitive dissonance and refusal to accept the fact that what this generation is now witnessing is certainly obvious enough to figure out if you evil bastards would just stop being your usual asinine selves for at least long enough to take the time to analyze what exactly has been going on and what is truly happening. Unless, and until, you make that effort to save your own dusty soul from damnation and Hell, you are nothing but an unsealed host of the Antichrist spirit, no matter how much of a good person you claim you are, and you are equal with the most hideous Antichrist muslim baby rapist murdering heart eating suicide evil bastard currently acting the NWO 666 proxy fool part for the likes of the U.S. Israeli Saudi Obozo Clown Team and their supposed Euro Trash allies along with their Communist clowns in China etc… and the Russian Iranian slime that are supposedly the opposition.

Right now, you are a complete Antichrist evil bastard. Get that through your sick twisted head, which makes you an enemy of your own life, but more importantly an enemy to humanity and the Salvation offer of our Father in Christ and His sustaining mercy among all His Saints.

All you antichrist bastards are nothing short of thieves and murder suicides seeking to devour life as the insane beast so moved among the sealed whores of Mystery Babylon. You are currently a friend to nobody, you are absolutely evil and on the verge of the unbecoming reality which your evil ass represents.

THAT FACT IS CLEAR ENOUGH! JUST LOOK IN THE MIRROR AND SAY ”I ‘am currently an Antichrist, and I have rejected Salvation and all the evidence before me that confirms the prophetic revelation of the risen Lamb Of God. If you still feel comforted by your rejection of the image of our Father in Christ just keep on being your evil dumbshit self, but, if you don’t, give yourself a chance to at least discover the whole Truth. Realize, you are the treasure of Heaven that has been wondering in the wilderness of your own strong delusion for far too long. Cast off self deception and complacency with this world.

This is the end time age of information awareness, the prophetic time of the final revelation of the good news of Salvation. It’s way over due for you to make an effort to question yourself and what is truly happening to humanity.

Understand, there are demons that provide council to the the likes of the masonic occult bastards among all nations, and Satan is real. If you do not accept the highest humility of our Father in Christ you are subject to the demonic influence. As a witness, let it been know, this has been observed and confirmed.

Hello, 666. Major Banks Announce Plans To Begin Hand And Face Scanning For Banking

Soon after Britain voted to leave the European Union (EU), its foreign affairs chief, Elmar Brok, urged the economic and political bloc to go ahead with plans to create an army.

EU Foreign Affairs Chief: Europe Needs an EU Army

Attorney General Loretta Lynch announced at the United Nations that her office would be working in several American cities to form what she called the Strong Cities Network (SCN), a law enforcement initiative that would encompass the globe.

Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown  Administration and UN Announce Global Police Force to Fight ‘Extremism’ In U.S. 

This amounts to nothing less than the overriding of American laws, up to and including the United States Constitution, in favor of United Nations laws that would henceforth be implemented in the United States itself – without any consultation of Congress at all..

UN Tank Vehicles Spotted Moving Across U.S.: “Peace Keepers and Potential for Civil Unrest”

The NWO Central Banker 666 Antichrist Algos Are Winning Again (In Trading The Brexit Chaos)

And should Democratic presidential candidate Hillary Rodham 911 Clinton continue to best Republican Donald Trump in the polls, sales could hit new highs, according to industry experts.

Joining men in buying guns have been women, youths and now members of the LGBT community, especially after the terrorist slaying of 49 at an Orlando, Fla., gay nightclub this month.

Gun salesman-in-chief: 52,600 a day under Obozo, more seen under 911 Hillary

The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union was the biggest daily loss ever, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis and the Black Monday stock market crash of 1987, according to Standard & Poor’s Dow Jones Indices.

Global markets skidded following the unexpected result from the June 23 referendum, in which Britons voted to withdraw from the EU by a 52 percent to 48 percent margin.

Markets in mainland Europe were hit the worst, with Milan .FTMIB and Madrid .IBEX each down more than 12 percent for their biggest losses ever. Britain’s benchmark FTSE 100 .FTSE was down nearly 9 percent at one point on Friday, but rallied to close down 3.15 percent.

The route started in Asia, with the Nikkei .N225 down 7.9 percent, and carried over into Wall Street as the S&P 500 fell 3.6 percent.

Mohit Bajaj, director of ETF trading solutions at WallachBeth Capital LLC in New York, said the severity of the sell-off was partly due to investors misreading the outcome and betting the wrong way.

“People positioned themselves longer because they thought the market was going to pop,” he said. “We knew that we were going to sell off pretty hard and people were kind of shocked by the market.”

In dollar terms, Friday’s loss overtook the previous record from Sept. 29, 2008, the day when Congress rejected a $700 billion bailout package for Wall Street during the financial crisis. On that day, global markets lost $1.94 trillion.

The losses are calculated using the S&P Global Broad Market Index (BMI), which includes equity markets in 47 countries.

To be sure, the record size of the dollar decline is partly due to the larger absolute size of today’s equity markets compared with the period during the financial crisis, and especially compared with the 1980s, said Howard Sliverblatt, senior index analyst at Standard & Poor’s Dow Jones Indices.

Friday’s decline as a percentage of total market capitalization was 4.7 percent. That was outstripped on seven occasions during the financial crisis. The largest percentage decline during that period was 6.92 percent on Oct. 15, 2008, when the market was panicking about a deep recession. The loss corresponded to a $1.65 trillion decline.

A rival measure of global stocks, the MSCI all-country world index .MIWD00000PUS, fell 4.76 percent on Friday, its biggest percentage loss since Aug. 8, 2011, when it fell 5.09 percent on the first trading day after S&P stripped the United States of its “AAA” credit rating.

Friday’s $2 Trillion Plunge: Biggest Single Day Equity Market Loss Ever 

When the general population is asked to define a moment of paradigmatic instability in the history of financial markets, inevitably 2008 – in which there was a unprecedented divergence between risk perception

and the ultimate reality which saw Lehman fail and lead to the near collapse of the financial system – is the most cited answer. However, on Friday various markets saw volatile moves that put 2008 in the dust: in fact, the historic collapse in GBPUSD was not only far greater than any such move seen in history, but was an unprecedented 12-sigma move.

As Bank of America notes, post Britain’s vote to Leave the EU, the Euro STOXX 50 experienced its largest ever 1-day loss, GBPUSD reached 30yr lows and EURJPY, EURUSD & 10yr Bunds experienced 1d moves that were more significant than on any day in 2008. Gaps in risk perception that were evident even as recently as last week (VSTOXX-VIX spread was as wide as 20pts), may narrow further as spillover risk to global assets remains high. Indeed the Critical Stress Indicator of BofAML’s GFSITM index triggered on 13-Jun, suggesting cross asset stresses had risen by enough to lead to widespread contagion, absent policy intervention.

More details:

While derivatives markets like Sterling options clearly anticipated event risk around the referendum as early as April, there were record gaps in risk perception across regions and asset classes even days before the vote. Bank of America believes that gaps will further narrow as markets outside Europe realize the risks Brexit creates for global markets. For instance, at the time of writing the VSTOXX (V2X)-VIX spread, which traded as wide as 20 pts in the last week, decreased to ~13pts (EU close) as US equity volatility catches up with that in Europe.

But back to the resultant moves, some of which had no precedented in history, indeed some markets were more shocking than 2008, something which leads BofA to concludes that substantial “spillover risks remain.” As the chart below shows, after the Brexit vote, the Euro STOXX 50 (SX5E) experienced its largest 1-day move ever today.

To put this and other monstrous asset class moves in context, Chart 2 normalises each asset class’ daily move by the standard deviation of the previous 100d (daily) returns, to reveal the X-Sigma nature of any given move. The findings:

Sterling had a 12 sigma move (vs history) on 24-Jun: GBPUSD, risk perception on which has been among the most stretched metrics across the GFSI leading up to EU referendum, reacted the most across the assets in Chart 2. This highlights just how important it is to pay attention to metrics close to the source of stress.

GBPUSD, EURJPY, EURUSD & 10yr Bunds were more shocked than even ‘08: Price action suggests FX & bond markets were more shocked by Brexit than they were at any time in 2008.

Scope of further contagion remains high: The GFSI’s Critical Stress Signal triggered on 13-Jun, as FX & equity stresses rose sharply. The markets’ reaction to Brexit has also witnessed a narrowing of some gaps in risk perception like the V2XVIX spread; indeed the VIX was >2x more surprised than the V2X today. Given the highly significant moves in cross asset stress and the relative underperformance of V2X (see later) versus EU equities, this metric will be a key barometer for monitoring contagion.

So unless central banks step in, how bad can it get? Some BofA forecasts:

The V2X lagged in the largest 1-d SX5E drop; may rise to ~46 if sell-off persists

The V2X underperformed the (~8.5%) fall in the SX5E today – rising by ~3.5 pts, while a historical relationship would suggest an increase of ~10 pts (Chart 2). Our equity strategists called for a 16% fall in the STOXX 600 in the short term vs yesterday’s levels, which translates to a further 10% drop in the SX5E from 24-Jun. Based on a historical relationship of SX5E 1wk returns & V2X 1wk changes, a 10% drop in the SX5E implies a rise of ~11 vol pts in the V2X (on average), which would take it near its 2011 high of 46 (Chart 3). Chart 4 extends the analysis from Chart 3 & highlights potential reaction of V2X in the coming month under various SX5E return scenarios. For instance, if the SX5E was to fall further by 16% in the next month, the VSTOXX is likely to be ~ 55.

How to read the projections in Chart 4: “Twk” stands for “time in weeks” from now to the end of a given projection. For instance, the green projection line in 2wks corresponds to an SX5E return of -8.5% [=6% * sqrt(2)] and predicts a V2X level of ~45.

The next question: what happens after such a spike, absent further exogenous shocks?

BofA uses an exponential decay process that is ‘fitted’ to each of the V2X, VIX and VNKY according to historical vol spike (see source of Chart 6 for details). Importantly, the decay process is independent of the starting level of vol, so it may be used to track the normalisation of a range of vol shocks: from the largest spikes in 2008 to the midsized ones in 2010-11 as well as the most recent (smaller) spikes (Chart 6, Chart 7, Chart 8). Note that in recent years, vol spikes have faded faster than in previous periods given the strong hand of central bank intervention (particularly in the US).

Finally, where could the VIX go?

The VIX outperformed the SPX decline; however, it remains low vs the V2X US equity vol, which lagged the broader rise in stress in the lead up to the EU referendum, has outperformed today’s decline in the SPX (as of the EU close). This has led to a narrowing of the gap between US vs EU equity vol. The trend is likely to continue if the sell-off continues.

In short: unless some exogenous entity, read central banks, openly intervene to restore calm and normalcy in the market, traders may be set for a long, painful period of volatility that has now been repricted sharply higher (something the banks will be delighted to use as an excuse to explain another quarter of subpar revenues) and will remain there absent some actions, not words, from the Yellen-Draghi-Carney trio.

These “Brexit” Market Moves Were Bigger Than Anything Seen In 2008… And What Comes Next

Bonds & Bullion Bid But Brexit Blowback Batters Banks

Seriously… every single fucking day…

Monday Humor: WTI WTF NYMEX Ramp Edition

Presented with little comment aside to ask, where is the SEC, CFTC?

On a day of non-stop, low volume, weakness, the ‘fundamental’ event of the NYMEX close created a somewhat idiotic spike in WTI Crude…

Just 3 Charts

What happens next?

Yuan is collapsing… the ripples are starting to be felt everywhere..

Treasuries leading the way to reality once again…

As Earnings expectations plunge…

On Friday afternoon, after the shocking Brexit referendum, while being interviewed by CNBC Alan Greenspan stunned his hosts when he said that things are about as bad as he has ever seen.

“This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say.”

Strangely enough, he was not refering to the British exodus but to America’s own economic troubles.

Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard

Eye of the Phoenix: Part 6 

Shemitah 2015 was a special Shemitah. Every 7th Shemitah is a special year called the Super Shemitah or Jubilee.

Jubilee 2016 is telling us what’s coming; we better be prepared.
The flurry of banksters, ex-banksters (Alan Greenspan), insiders (Soros) and billionaires all warning we are on the edge of collapse now continues with a famous technical analyst:

Famous Technical Analyst Now Predicting Crash During Jubilee Time Period

In an interview with Business Insider, Sandy Jadeja just predicted market crashes in late August, late September and late October.

Jadeja is a famous technical analyst and chief market strategist at Core Spreads. He previously made no less than four accurate predictions of market crashes based on his charts and technical analysis. His latest dates are right around the Jubilee year end-date on October 2nd, 2016.

2016 is a “building” year where the top banking elites are preparing for the next and final step toward world government. It likely will include some sort of washing away of the current financial and monetary order to bring in the new.

The thing is, building a New Order doesn’t happen cleanly or quietly. No, we’re going to see a series of tremendous crises. This is what we’ve been warning you about here at TDV. It’s why I began researching first Shemitah and now Jubilee Year 2016.

If you are a regular reader, you know I discovered that seven-year Shemitah years repetitively include financial disasters. It became obvious that the Shemitah was a ritualistic time period where for one reason or another negative events were triggered. These events were financial… and social and military as well.

Shemitah 2015 was a special Shemitah. Every 7th Shemitah is a special year called the Super Shemitah or Jubilee. According to Jonathan Cahn, author of the Mystery of the Shemitah, the Super Shemitah or Jubilee Year extends the chaos that occurred in the Shemitah year.

Now other market pros seem to be suggesting this timeline. Jadeja said, “We have interesting times ahead of us. We are dealing with issues on so many levels from economic uncertainty in the financial markets, including currencies and commodities as well as the rising house prices we have seen… I believe that using the information we have and embracing the tools and technology we have access to right now that we could use these to our advantage to prepare and protect…”

Jubilee 2016 is telling us what’s coming; we better be prepared. We’ve written about how George Soros, Carl Icahn and Jim Rogers are all preparing for catastrophic times when the market collapses along with the dollar.

This is Jadeja’s point of view, too. Last year, on July 31, 2015, Jadeja told CNBC that “something big would happen on August 18.” He said, “be prepared to bank profits and stand aside.” He was right about his prediction, just as we were when we made the same prediction based on the Shemitah cycle. The Dow Jones Index lost 2,198 points (-12.5%) in just four trading days.

Now he predicts “big bumps” on the way to 2018. “We are currently in a very dangerous time zone between 2011 until 2018. This is an 84-year cycle [called the ‘Time Cycle’] and the previous cycle appeared during 1928 until 1934 where the Great Depression took place.”

He is seeing in his charts what we’ve figured out by analyzing Jubilee 2016 trends and points out 2018 as being a key year. Our research indicates a major shift/collapse in 2016 to be followed by ongoing disasters until 2018 when we think the elite have already planned to bring in a one world currency.

Those behind these trends have horribly big plans for the next few years. They are putting in place additional triggers that will result in the major catastrophes that will turn our world from a series of nation-states into something much bigger and more horribly homogenized.

If you think that’s going to be accomplished easily or quickly, you’re wrong. The scale – the magnitude – of the disasters is going to be horrifying. People will have to be made so miserable that they will willingly go along with any plan proposed to them, no matter how authoritarian and terrible. They will give up what’s left of their freedoms for just a scrap of security.

Of course, we didn’t need Jadeja to tell us what’s going on, though it’ always good to get confirmation. We’ve acted on our research and actively created wealth for ourselves and TDV subscribers. Our star market and mining analyst Ed Bugos has used Shemitah and Jubilee insights to expand the wealth of our TDV portfolio dramatically this year with many of our investments up in the hundreds of percent and our total portfolio up 116% so far this year.

REALIST NEWS – Famous Technical Analyst Now Predicting Crash 

SHOCKER! Prefect For Pope Admits Francis Is PETRUS ROMANUS, The Last Pope Of Prophesy! “Gives Me The Shivers,” Archbishop Admits. “It Is A Wake-Up Call!”

TRUNEWS 06-27-16 

It’s reality check time, folks – understand what’s really happening all around you, and form a line of defense!

Top 11 ‘conspiracy theories’ we all found out were TRUE and hugely destructive to our health and safety

#1. Poison in the water supply–including sodium fluoride, lead and aluminum. In Flint, Michigan, water quality scientists have been officially charged with felony conspiracies, altering lead contamination data, and committing scientific fraud that harmed the public.

#2. Those long-lasting chem-trails from airplanes contain bio-hazardous, toxic waste from hospitals and cancer-causing glyphosate that poisons organic crops.

#3. Vaccines still contain mercury, including the influenza (flu) shot at 51 parts per million, which is 25,000 times the EPA’s limit for drinking water contamination.

#4. Bill Gates (via the Bill & Melinda Gates Foundation) wants to eliminate billions of people over the next decade using vaccines and GMOs (you can listen to him say it himself as captured on video at a T.E.D. conference).

#5. Antichrist NWO 666 President Obozo The 911 Homosexual Climate Change No Boots SPECTRE Clown purposely allows terrorists and illegal aliens into America who are destroying our health and livelihood with infectious diseases, violence and acts of terror.

#6. Children will soon be force-vaccinated with deadly chemicals at gunpoint by a rogue government that’s pushing for more autism and miscarriages (as taking place in California right now).

#7. The U.S. government supports, funds and encourages the sale of aborted baby body parts for cash on the black market via Planned Parenthood’s insidious agenda (all to further support biotechnology experimentation on humans).

#8. The cancer industrial complex is in full swing, and evil oncologists across America are overdosing healthy Americans (some to death) with toxic chemotherapy, while robbing Medicare (taxpayer money) in the process. (The ultimate example is Dr. Farid Fata now serving 45 years in federal prison for mass murder.)

#9. Chemical agriculture giants like Monsanto, Bayer, Dupont, Dow and Syngenta, are purposely contaminating non-GMO foods with a deadly herbicide called glyphosate to trick health-conscious Americans into eating cancer-causing foods. (Most grains are heavily coated right before going into the silos.)

#10. SSRI drugs are the main factor responsible for mass shootings, multiple homicides and coinciding suicides, as witnessed and proven over the past decade in America (the drugs make depression and anxiety worse!) SSRIs are also called “The gateway drugs to mass murder.”

#11. Prescription drugs are a leading cause of sickness and death in America, even when taken as prescribed by the quack doctors in America, called MDs, who go to school for eight years to learn how to juggle experimental, chemical-based drugs, but never learn a single “lick” about nutrition (pun intended).

Conspiracy theory becomes reality

There is a reason so many people turn to holistic, non-invasive medicine, and raw, whole organic food, when chemical medicine and junk science fail them. There’s a reason over 7 million people visit Natural News every month to find out the good, the bad and the ugly about so called “conspiracy” theories, ones that not only have come true, but have been true for decades.

It’s not that every company and corporation is “out to get you,” but rather that you must be a defensive consumer, just as you’re probably a defensive driver. Think of how many wrecks you would have already experienced if you were not defensive. Health “wrecks” are no different. Some “cars” will simply hit you and hurt you if you don’t watch where you’re going.

For example, In Flint, Michigan, Government officials simply covered up the fact that the tap water had been switched to lead-contaminated pipes and nobody knew. If those residents had top notch water filters in their homes, like the Big Berkey, they would have already had a line of defense for the negligence.

While you were distracted by BREXIT, Monsanto’s puppets in the U.S. Senate announced a ‘compromise’ to outlaw GMO labeling laws nationwide

While UK citizens were revolting en masse against bureaucratic rule in Europe, another cabal of prostituted lawmakers were busy plotting against American food consumers. According to this announcement from the United States Committee on Agriculture, Nutrition and Forestry, committee leaders have reached a “bipartisan agriculture biotechnology compromise solution.”

What exactly is this so-called “compromise?”

The complete banning of all GMO labeling state laws across America.

And that’s just for starters. After that, this new “compromise” decrees that no foods shall be GMO labeled for two years while the USDA ponders the best way to deceive consumers and hide Monsanto’s GMOs for another few years. The suggested law also gives the USDA the right to decree that any foods with less than 50% bioengineered content could be considered non-GMO, by the way.

As a bonus surrender to Monsanto, the law would also not require animal products derived from GMO-fed animals to be considered bioengineered at all. So cattle feedlots can pump cows full of GMOs and glyphosate for years, then sell the resulting beef as “all natural.”

Finally, after two years, the USDA would then roll out a nationwide rule that would only require food companies to place a scannable QR code on their labels. Consumers would then have to carry mobile phones with them to scan all the codes in order to determine what’s really GMO. As stated in the proposed law:

…the form of a food disclosure under this section be a text, symbol, or electronic or digital link…

In other words, “GMO labeling” doesn’t actually have to consist of words or any meaningful symbol. So it’s all a farce. This is how the food industry can claim they’ve agreed to label GMOs without actually labeling GMOs. It’s all more subterfuge and collusion between Monsanto and lawmakers… is anyone surprised?

See this QR code image? It is unreadable by humans, and that’s one purpose. The U.S. Senate is literally trying to roll out a nationwide GMO “labeling” law that would result in labels which cannot be read by human beings. How’s that for being a functioning legislative prostitute for Monsanto?

U.S. Senate going all out to keep you in the dark about GMO foods

In other words, the so-called “compromise” proclaimed by the Senate committee is actually a law that bans clear GMO labeling nationwide and only requires foods to be labeled with digital codes that can only be read by machine (which don’t even eat food).

You can’t make this stuff up. Somehow, all the other mandatory food labeling requires words or numbers, but when it comes to GMOs, the Senate’s attempts to hide and bury this information are so insidious that they’ve gone with machine language code. Can you imagine if they stripped away ingredients lists and nutrition facts and replaced those labeling sections with machine language code, too? It’s basically one giant “F-U” to food consumers from the United States Senate.

Read the entire ridiculous text of the proposed law at this link.

Republicans are pushing agricultural poisons while Democrats are pushing monetary suicide

Note that all the poisons of agriculture — GMOs, glyphosate, pesticides, etc. — are most aggressively pushed by establishment Republicans. These individuals even look like they’ve been poisoning themselves with age-accelerating chemicals, too, and none of them have any scientific understanding of how agricultural chemicals (like glyphosate) harm human health.

Like I’ve repeated reminded Natural News readers, Republicans are scientifically illiterate, while Democrats are economically illiterate. You can no more have an intelligent conversation with an establishment Republican about the devastating environmental impact of glyphosate than you can talk to an establishment Democrat about compounding interest on the national debt. The topics just don’t compute in their heads. They are all cognitively retarded on certain subjects and incapable of engaging in rational thought.

And so we’re all having toxic poisons shoved down our throats, all across America, while the political establishment ridiculously claims they’re mandating “labeling” by having food companies place unreadable machine language codes on their products. What a pathetic farce. What an insult to our intelligence…

Is it any wonder the people are in a state of REVOLT against bad government all around the world? By the way, Hillary Clinton is also a Monsanto puppet. A vote for Hillary is a vote for Monsanto.

If you’re wondering who’s running this current GMO labeling scam in the Senate, it’s Pat Roberts, R-Kansas, and Debbie Stabenow, D-Michigan.

Call your U.S. Senator NOW and tell them you strongly oppose this “DARK ACT” GMO labeling compromise. It’s all a biotech industry scam that’s designed to outlaw meaningful GMO labeling!

The U.S. Capitol Switchboard number is (202) 224-3121. Call it now and ask to speak to your Senators’ offices.

European SUPERSTATE to be unveiled: EU nations ‘to be morphed into one’ post-Brexit

EUROPEAN political chiefs are to take advantage of Brexit by unveiling their long-held plan to morph the continent’s countries into one GIANT SUPERSTATE, it has emerged today

The foreign ministers of France and Germany are due to reveal a blueprint to effectively do away with individual member states in what is being described as an “ultimatum”.

Under the radical proposals EU countries will lose the right to have their own army, criminal law, taxation system or central bank, with all those powers being transferred to Brussels.

Controversially member states would also lose what few controls they have left over their own borders, including the procedure for admitting and relocating refugees.

The plot has sparked fury and panic in Poland – a traditional ally of Britain in the fight against federalism – after being leaked to Polish news channel TVP Info.

The public broadcaster reports that the bombshell proposal will be presented to a meeting of the Visegrad group of countries – made up of Poland, the Czech Republic, Hungary and Slovakia – by German Foreign Minister Frank-Walter Steinmeier later today.

Excerpts of the nine-page report were published today as the leaders of Germany, France and Italy met in Berlin for Brexit crisis talks.

In the preamble to the text the two ministers write: “Our countries share a common destiny and a common set of values ??that give rise to an even closer union between our citizens. We will therefore strive for a political union in Europe and invite the next Europeans to participate in this venture.”

The revelations come just days after Britain shook the Brussels establishment by voting to leave the European Union in a move some have predicted could leave to the break-up of the EU.

A number of member states are deeply unhappy about the creeping federalism of the European project with anti-EU sentiments running high in eastern Europe, Scandinavia and France.

PART 2 of Nigel Farages post-Brexit EU Parliament Speech 

President Of The European Parliament: “It Is Not The EU Philosophy That The Crowd Can Decide Its Fate”

f anyone needs another confirmation that the European Union is fundamentally the most anti-democratic entity currently in existence, then the following statement by European Parliament Martin Schultz should put all confusion to rest.

Schulz: “The British have violated the rules. It is not the EU philosophy that the crowd can decide its fate”

Confused: Here is what Deutsche Bank said earlier today:

The shockwaves and consequences around Brexit will resonate for years. It’s probably an understatement to say that most in financial markets regret the UK’s decision to leave but we should respect the forces that have been pushing us towards what has always been an inevitable political accident sometime soon. I wasn’t sure whether the Brexit vote was the one but I was pretty convinced one was coming and this is probably not the last. Spain yesterday started a general election cycle (more below but relatively market friendly) of the largest 5 euro-area economies (Spain, Holland, France, Germany and Italy) over the next 18 months or so, not forgetting the US this November. Throw in the crucial senate reform vote in Italy in October and you’ve got plenty of opportunity for rebellion against the establishment that haven’t managed to produce satisfactory enough growth for the lower paid/lower skilled to offset the forces of globalisation and immigration.

It’s worth looking at the voting split in the UK’s EU referendum based on polls compiled by Lord Ashcroft to get an idea of the disenfranchisement. In terms of socio-economic groups, 57% of ABs (upper/middle class – professional/managers etc) voted remain, 49% of C1s (lower middle class – supervisory/clerical or junior management/administrative), 36% of C2s (skilled working class) and 36% of DEs (Ds – semi & unskilled manual workers. Es – casual/lowest grade worker or state pensioner). So there’s no escaping the fact that this is a class war. Whether its globalisation, immigration, inequality, poor economic growth or a combination of all of them it’s quite clear from this and other anti-establishment movements that the status quo can’t last in a democracy. Eventually you’ll have a reaction. This is one such major reaction and given that the UK growth rate has been ok of late, it would be strange if pressure didn’t continue to build elsewhere where growth has been lower for longer.

It is indeed a class war, and the European “Union” is not used to losing…

It’s no secret that the US has a long and storied past when it comes to running guns illegally, and subsequently completely losing control of them. In its most recent debacle, a joint investigation by the New York Times and Al Jazeera has revealed that millions of dollars worth of weapons sent by the 666 Skull&Bones CIA and Antichrist Saudi Arabia to Jordan intended for Syrian rebels was stolen by Jordanian intelligence officials and sold on the black market..

Jordanian Intelligence Has Been Stealing US Arms Intended For Syrian Rebels 

In a separate scheme than was administered by the Pentagon, the CIA-run program code named Timber Sycamore reportedly began in 2013, and the plan called for large shipments of CIA and Saudi arms including Kalashnikov assault rifles, mortars and rocket-propelled grenades to be delivered to Jordan, where Jordanian intelligence would then finish the job and deliver the arms to Syrian rebels. While the budget for the program remains classified, it was learned that the biggest contributors to the program included the US and Antichrist Saudi Arabia, along with other US allies in the region.

As mentioned, following the delivery to Jordan, the CIA relied upon the General Intelligence Directorate to transport the weapons to Syrian rebels, however often times the weapons disappeared midway. As RT reports, Jordanian officials told the publications that the theft was apparently perpetrated by officers with direct access to cargo, who “regularly siphoned truckloads” of weapons while still delivering some to the designated drop-off’s.

The stolen weapons were then sold on the black market in Jordan, and those involved in the scheme worth millions of dollars, used the profits to purchase expensive SUVs, electronics, and other luxury goods. Unfortunately, as was the case in Operation Fast and Furious (and presumably countless other operations), it is also believed that some of the stolen weapons were used to kill two Americans and three others at a police training facility shooting in Amman in November.

The investigation also revealed that senior Jordanian officers had knowledge of the theft and – surprise, surprise – systematically covered up for the lower ranking officers that did the actual smuggling. Only after the Americans and Antichrist Saudi’s started to complain of the theft did the Jordanian intelligence agency allegedly arrest several dozen officers, including a lieutenant colonel running the operation. According to Jordanian officials, a number of the officers were fired from the service but were allowed to keep their pensions and profits from the scheme.

Alas, don’t ever be concerned that America isn’t exporting, as those official military exports are understated by the number of gun running operations that are being done behind the scenes – rest assured that Made In The USA stamp is on weapons being used by everyone around the globe.

Also let’s not forget that it is absolutely no surprise that the Saudi’s are in bed with the US in this effort, as it is the Antichrist Saudi’s who may be truly calling the shots at the end of the day when it comes to what ultimately happens in Syria.


For those 17-year-old hedge fund managers used to BTFD Cup Of Fornication on hopes corporate buybacks will “have their back” and provide the bid on which momentum-chasing HFT algos will piggyback, we have some bad news and some worse news.

The bad news is that we are entering yet another quiet period for buybacks. This means that for the next 45 days, the biggest – and supposedly only – buyer of stocks will be mostly out of the market, and bank buyback desks will not be able to provide much needed support during distressed (read: more sellers than buyers) times.

The worse news is that even without the buyback blackout period, following months of surging stock repurchasing activity by corporate treasurers…

… buybacks have now ground to a virtual halt.

Some Bad And Some Worse News For Stock Buybacks 

According to TrimTabs, stock buyback announcements by U.S. companies have fallen sharply, sending a longer-term negative signal for U.S. equities.

“Corporate America announced $2.8 trillion in stock buybacks in the past five years, and these buybacks have provided a key source of fuel for the bull market,” said David Santschi, chief executive officer of TrimTabs. “Corporate actions this year suggest this support is going to diminish.”

In a research note, TrimTabs reported that U.S. companies have announced a mere $11.8 billion in stock buybacks in June through Friday, June 24. This month’s pace is the lowest this year. Only four companies have announced plans to repurchase at least $1 billion this month.

“Even if some of the too-big-to-fails roll out buybacks after the release of the second part of the Fed’s stress test results, this month’s volume is likely to be among the lowest in the past three years,” noted Santschi.

TrimTabs also explained that stock buyback announcements by U.S. companies have totaled $291.7 billion this year, which is 32% lower than the $432.0 billion in the same period last year.

“The sharp decline in buyback announcements suggests corporate leaders are becoming more cautious, and it doesn’t bode well for the U.S. stock market,” said Santschi.

It is unclear if the dramatic slowdown is due to a shift in corporate strategy, due to a desire by the C-suite to stockpile cash, or simply because creditors are no longer willing to fund bonds whose “use of proceeds” is to buyback stock, no matter how high the yield.

In any case, the sudden disappearance of this cost-indiscriminate, and biggest by far, stock buyer in the market will be certain to have a substantial impact on risk pricing in the coming weeks and months; just in case the market didn’t have enough things to worry about…

Revelation 17 

The Doom of Babylon
17 Then one of the seven angels who had the seven bowls came and spoke with me, saying, “Come here, I will show you the judgment and doom of the great [a]prostitute who is seated [b]on many waters [influencing nations], 2 she with whom the kings of the earth have [c]committed acts of immorality, and the inhabitants of the earth have become intoxicated with the wine of her immorality.” 3 And the angel carried me away in the Spirit into a wilderness; and I saw a woman sitting on a scarlet beast that was [d]entirely covered with blasphemous names, having seven heads and ten horns. 4 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. 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.” 6 I saw that the woman was drunk with the blood of the saints (God’s people), and with the blood of the witnesses of Jesus [who were martyred]. When I saw her, I wondered in amazement. 7 But the angel said to me, “Why do you wonder? I will explain to you the mystery of the woman and of the beast that carries her, which has the seven heads and ten horns.

8 “The beast that you saw was [once], but [now] is not, and he is about to come up out of the abyss (the bottomless pit, the dwelling place of demons) and go to destruction (perdition). And the inhabitants of the earth, whose names have not been written in the Book of Life from the foundation of the world, will be astonished when they see the beast, because he was and is not and is yet to come [to earth]. 9 Here is the mind which has wisdom [and this is what it knows about the vision]. The seven heads are seven hills on which the woman sits; 10 and they are seven kings: five of whom have fallen, one exists and is reigning; the other [the seventh] has not yet come, and when he does come, he must remain a little while. 11 And the beast that [once] was but is not, is himself also an eighth king and is one of the seven, and he goes to destruction (perdition). 12 The ten horns that you saw are ten kings who have not yet received a kingdom, but [together] they receive authority as kings for a single hour [for a common purpose] along with the beast. 13 These [kings] have one purpose [one mind, one common goal], and they give their power and authority to the beast.

The Angel with the Gospel
6 Then I saw another angel flying in midheaven, with an [a]eternal gospel to preach to the inhabitants of the earth, to every nation and tribe and language and people; 7 and he said with a loud voice, “Fear God [with awe and reverence], and give Him glory [and honor and praise in worship], because the hour of His judgment has come; [with all your heart] worship Him who created the heaven and the earth, the sea and the springs of water.”

Doom for Proud Babylon
8 Then another angel, a second one, followed, saying, “Fallen, fallen is Babylon the great, she who has made all nations drink the wine of the passion of her immorality [corrupting them with idolatry].”

Doom for Worshipers of the Beast
9 Then another angel, a third one, followed them, saying with a loud voice, “Whoever worships the beast and his image and receives the mark [of the beast] on his forehead or on his hand, 10 he too will [have to] drink of the wine of the wrath of God, [b]mixed undiluted into the cup of His anger; and he will be tormented with fire and brimstone (flaming sulfur) in the presence of the holy angels and in the presence of the Lamb (Christ).

Revelation 14

11 And the smoke of their torment ascends forever and ever; and they have no rest day and night—those who worship the beast and his image, and whoever receives the mark of his name.”

12 Here is [encouragement for] the steadfast endurance of the saints (God’s people), those who habitually keep God’s commandments and their faith in Jesus.

13 Then I heard [the distinct words of] a voice from heaven, saying, “Write, ‘[c]Blessed (happy, prosperous, to be admired) are the dead who die in the Lord from now on!’” “Yes, [blessed indeed],” says the Spirit, “so that they may rest and have relief from their labors, for their deeds do follow them.”

Puerto Rico To Default On July 1 After Senate Passes Bailout Bill.

After a historic two-day selloff, which as shown yesterday slammed European banks by the most on record..

… the wildly oversold conditions, coupled with hopes for yet another global, coordinated central bank intervention, coupled with modest hope that David Cameron’s trip to Brussels today may resolve some of the Article 50 gridlock, have been sufficient to prompt a modest buying scramble among European stocks in early trading, with the pound and commodities all gaining for the first time since the shock Brexit vote.

“Stocks are rebounding on the expectation that there will be a coordinated intervention by central banks,” John Plassard, a senior equity-sales trader in Geneva at Mirabaud Securities told Bloomberg. “What central banks can do is put confidence back in the market by telling everyone that they are here and ready to act. If we don’t get that sort of support, we’ll see further declines.”

Needless to say, there is a way to go to recover recent losses: the following chart courtesy of Jonathan Ferro shows that there is a ways to go:

Global Stocks Rebound, US Futures Jump On Expectation Of “Coordinated Intervention By Central Banks”.

This is going to be the beginning of the end of the European Union. This means the end of the euro. The end of the euro will hasten the collapse of the European Central Bank. And as the European Central Banks fails, the dominos will begun to unleash even greater chaos.

Gerald Celente Just Issued A Dire Warning To The World After His Shockingly Accurate Brexit Prediction.

I want to add one more point in closing because it’s very important. Instead of the Western mainstream media propaganda machine pointing the finger at Putin and Russia, they should be pointing out how the elites had sent the West down a path of total destruction. Now that the people are rising up and standing against the old power structure, the great hope is that perhaps the West will be spared from the great abyss.”.

Brexit Hedge Unwind Sparks Volumeless Dead Cat Brounce

‘There was blood and body parts everywhere’: Terrifying moment Antichrist ISIS suicide bomber blew himself up in Istanbul airport terminal in Brussels-style attack that left at least 41 dead and 239 injured

Suicide bombers strike Istanbul Ataturk airport

28 killed and 60 wounded, Istanbul governor says
Police shot at suspects in international arrivals hall
Fourth suicide bombing in Turkey this year
Third busiest airport in Europe, high security location.

Live Istanbul airport attacks: 28 killed, 60 wounded in suicide attacks at Ataturk airport in Turkey

Dow futures are now 500 points off the post-Brexit lows, having retraced half the losses…despite the worst home sales in 6 years. Just one small problem, Treasury yields are plumbing new post-Brexit lows…

Dow bounce…

Stocks Recover Half Brexit Losses… But Bonds Ain’t Buying It

Following API last night and DOE today, the machines had only one thing in mind… on yet another NYMEX close ramp

From Brexit Wounds To Buying Panic (In Bonds & Stocks).

Between BofA, Citi, JPMorgan, and all the other big banks, announced buybacks amounting to dozens of billion have sent US equity futures spiking after hours.

Bank of America Authorizes $5b Buyback; Boosts Div to 7.5c-Share
Citigroup Plans $8.6b Buyback; Lifts Qtr Div to 16c From 5c
JPMorgan Chase Plans $10.6b Buyback, Maintains qtr Div at 48c/shr
Morgan Stanley Sets Buyback of Up to $3.5b, Boosts Div. to 20c
Goldman Sachs plans buybacks of stock, boosts quarterly dividend
American Express Plans $3.3b Buyback, Div. Boost to 32c-Share
Huntington Bancshares to Boost Qtr Div. to 8c From 7c/Shr
SunTrust to Lift Dividend 8% Starting 3Q, Sets $960m Repurchase
U.S. Bancorp to Buy Back $2.6b of Shares, Boosts Div. by 9.8%
Zions Bancorp Plans to Boost Dividend, Buyback
Ally Financial announces inaugural dividend of 8c/share, buyback of up to $700m of stock
M&T Bank Plans Max. $1.15b Buyback; Dividend Raised By Up to 5c
PNC Plans Share Buybacks Up to $2b, Raise Qtr Div. to 55c/shr
BNY Mellon Plans $2.7b Buyback, Boosts Dividend
Northern Trust to Buy Back $275m; Boosts Dividend to 38c Vs 36c
State Street to Buy Up to $1.4b; Boosts Dividend to 38c Vs 34c
Bank of New York plans to buy back $2.14b in shares, boost dividend by 12%
Citizens Finl Group Plans Quarterly Div. 12c/Share, Est. 12c
BNY Mellon Plans $2.7b Buyback, Boosts Dividend by ~12% to 19c from 17c
Banco Bilbao Vizcaya Plan Includes Common Dividends of $120m
KeyCorp Plans to Evaluate Qtr Div. Boost to 9.5c/Shr, Est. 8.5c
Discover Financial to Buy Back Up to $1.95b of Stock, Boost Div. to 30s/shr from 28c.

Futures Spike After Banks Unveil Tens Of Billions In Buybacks

Futures are up across the board to frontrung the bank buybacks, no matter what exposure to financials they have:

As The S&P spikes:

Some context:



In stunning decision, Britain votes to leave the E.U.

Durable Goods Orders cratered 2.2% in May, drastically below -0.5% expectations – the worst since Feb. The entire data series disappointed with unexpected declines in Durables Ex-Transports and non-defense orders and shipments. However this is now the 17th month in a row of YoY Core Durable Goods declines, something that has never happened without a US economic recession being present.

Durable Goods Orders Crater In May – Longest Non-Recessionary Slump In American History.

Brexit Vote Result Shock – Britain Votes To Leave The EU – Global Markets Crash

Nikkei 225
INDEXNIKKEI: NI225 – Jun 24, 3:00 PM GMT+9
14,952.02 Price decrease -1,286.33 (-7.92%)

It’s All Over As “Leave” Wins Brexit Referendum: Markets Everywhere Are Crashing

Art Cashin Just Warned Central Banks Desperately Trying To Avoid Global Meltdown As Brexit Earthquake Shakes The World

The Brexit contagion: How France, Italy and the Netherlands now want their referendum too 

Well they did it… and no one expected it…

Brexistential Bloodbath – Dow Crashes 600 Points As Vol Explodes 

UK Stocks -3.14% worst since Jan 2016
US Stocks -3% worst since Aug 2015 (biggest opening gap down since 1987)
VIX +6pts biggest daly rise since Aug 2015 crash
Japan Stocks -7.9% worst since 2011 (Tsunami)
Spain Stocks -12.5% worst since 1987
Italy Stocks -12% worst since 1997
EU Banks -14.5% worst ever
US Banks -4.75% worst since Nov 2011
US 30Y Yield -14bps biggest drop since 2011
US 2Y Yield -14bps biggest drop since 2009
German 10Y Yield -14bps biggest drop since 2011
GBPUSD -11% biggest drop ever
USDJPY -4% biggest drop since 1998
EURUSD -2% biggest drop since Oct 2015
Gold +5% biggest day since Lehman 2008
Crude -4.4% most since Jan 2016
But apart from that everything is awesome.

Derivative Strategist Warns Of $150 Billion In Quant Selling Over The Next Three Days.

So is today’s Black Friday about to be followed by another Black, or pick any other color, Monday once more? If the UBS analyst is correct, buying a few puts here may not be such a bad idea.


The Antichrist NWO 666 Central Banker Cabal Need To Detonate A WMD(Will It Happen Before The American Election Or After?)

Reading for June 25, 2016 ~ Sivan 19, 5776
Num 13:1-15:41 ~ Josh 2:1-24 ~ John 7-8

Saturday, June 25, 2016: Prophecy Summit with Joel Richardson

NOTE: …there’s a huge problem with Greg’s assumption, he’s completely wrong about BREXIT not being contrived.

The Antichrist NWO 666 Central Banker Cabal Need To Detonate A WMD(Will It Happen Before The American Election Or After?)

In an interview with The Jerusalem Post on Monday, the US Deputy Secretary of Homeland Security Alejandro Mayorkas discussed a new agreement that the US and Israel will sign Tuesday, which will automate their sharing of cyber data for the first time.

Mayorkas made the announcement and spoke with the Post at the cyber conference at Tel Aviv University, along with the university’s head of its cyber department, Maj. Gen. (res.) Isaac Ben-Israel.

US Deputy of Homeland Security: US-Israel to sign automated cyber information sharing agreement.

Although the US and Israel have closely shared cyber information and signed several agreements in the past, the new agreement will qualitatively take the speed of sharing to an entirely different level, said the deputy secretary.

Revelation 13

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.

Artificial intelligence: ‘We’re like children playing with a bomb’ 

Just one quantum computer running artificial intelligence algorithms would be capable of connecting pretty much all the devices on the planet, Android creator Andy Rubin told an audience at the Bloomberg Technology Conference on Tuesday.

One AI Quantum Computer Could Run Entire Global Internet Of Things

Working in concert, AI and quantum computing could yield a conscious intelligence that would underpin every piece of technology, Rubin suggested.

Antichrist Communist China builds world’s most powerful computer.

A new supercomputer from Antichrist Communist China has topped the latest list of the world’s most powerful machines.

The 93 petaflop Sunway TaihuLight is installed at the National Supercomputing Centre in Wuxi.
At its peak, the computer can perform around 93,000 trillion calculations per second.

It is twice as fast and three times as efficient as the previous leader Tianhe-2, also from Antichrist Communist China, said Top500 which released the new list on Monday.

Its main applications include advanced manufacturing, weather forecasting and big data analytics, wrote Jack Dongarra in a paper about the new machine.

It has more than 10.5 million locally-made processing cores and 40,960 nodes and runs on a Linux-based operating system. For the first time since the list began, Antichrist Communist China has overtaken the US with 167 computers in the top 500 while the US has 165.

“Considering that just 10 years ago, Antichrist Communist China claimed a mere 28 systems on the list, with none ranked in the top 30, the nation has come further and faster than any other country in the history of supercomputing,” said Top500.

The US has four supercomputers in the top 10 of the Top500 list, while Antichrist Communist China has two which currently occupy the top two places.

The other positions in the top 10, published twice a year, are occupied by machines from Japan, Switzerland, Germany and Antichrist Saudi Arabia..

Elon Musk Is Advocating For Brain Chipping The Human Race



“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17 (KJV)

A number of naval officers visited the home of an American presidential candidate and “transhumanist” called Zoltan Istvan, who believes human beings should be fitted with technology to boost their brain power or enhance physical attributes.


US Navy ‘discussed plans to fit humans with microchips and track their every move’

In his letter, Vice Admiral Wisecup said the meeting broadened “our understanding… of the merger of humans and machines”.

Austerity Kills! Bank Of Greece Admits “Greeks’ Health Deteriorating, Life Expectancy Shrinks”

The Bank of Greece may not write it in such a melodramatic way on its Monetary Policy Report 2015-2016. However, the conclusions in the chapter about “Reforms in health, economic crisis and impact on the health of population” are shocking and confirm what we have been hearing and reading around from relatives and friends in the last years.

The Fed Has Brought Back “Taxation Without Representation”

Every dollar you take out of the system is a vote against it. 

WORLD DEBT CRISIS: Federal Reserve Paralyzed

Perpetually under-performing international equity markets are testing critical support.

With the selloff in the U.S. stock market this week, it is easy for domestic investors to lose sight of one thing: it could be a lot worse. As in, one could be heavily exposed to international markets and subject to the disproportionate damage that has afflicted many of those markets for almost a decade now. For example, let’s look at the performance ratio between the MSCI Europe Australia & Far East Index, a.k.a., the “EAFE”, versus the S&P 500. After topping out in late 2007, the ratio has been on a relentless decline. And in the past few days, the ratio has dropped to a fresh all-time low, yet again.

This chart is just a reminder of 2 things. First, international equity markets have severely under-performed the U.S. for some time now, largely due to the terrific run in U.S. stocks. Secondly, while the trend will eventually reverse, it shows no sign of doing so imminently.

If we look at the EAFE in absolute terms, we find it at an important juncture in the context of its post-February intermediate-term rally. After bottoming in February, the index was able to break above its post-May 2015 Down trendline in April. This allowed it to pop higher by another 6% or so, temporarily. The EAFE has since dropped back down, testing the breakout point successfully in mid-May before resuming its short-term downtrend in the past few weeks. Currently, it is testing an arguably make-or-break level as it pertains to the survival of the post-February rally.

As the chart shows, the index is presently testing the confluence of A) the top of the broken post-2015 Down trendline and B) the 61.8% Fibonacci Retracement of the February-April bounce. If this area gives way, it will very likely be the nail in the coffin for the post-February rally. Thus, if these international markets wish to extend the bounce, they best get it going right here and now.

Consider this their wake up call.

A Wake Up Call For International Stocks

With the Fed failing to stimulate “animal spirits” and reflate risk assets over the past 18 months, the one remaining trade in a world of central bank “Policy failure” was buying bonds, both government and now that the ECB is in the game, corporate too. Sure enough the world did just that: as we pointed out yesterday, with central banks having broken every market, the only possible “sure thing” is to frontrun even more future central bank action (and faillure) which as of this moment means just one thing: buying even more bonds.

This has led to a stunning outcome: as reported on Friday, from an absolute return perspective, US equity & global credit prices have been stronger than fundamentals imply. Paradoxically, as BofA’s Michael Hartnett points out, this is due to the Mountain of Cash (i.e. bearish sentiment) & the fact that every interest rate in the world has been plunging toward zero. As a result, global government bonds are annualizing 23% YTD total returns, the highest in 30 years (see below). And currently, $9.7tn of global bonds are yielding <0%. This number will only grow as everyone rushes into the “safety” of bonds.

This Is What The Coming “Bond Shock” Will Look Like

As BofA adds “despite unprecedented central bank policies of QE, ZIRP & NIRP, 655 rate cuts since the Lehman bankruptcy, $12.3tn of central bank financial asset purchases, prospect of a “one & done” Fed, central banks have lost the “War against Deflation”. They have failed to stimulate animal spirits depressed by the 4D’s of excess Debt, financial Deleveraging, aging Demographics and technological Disruption.” This “central bank failure” helps explains the recent unprecedented scramble into bonds: a deflationary instrument… and trade.

But will it continue?

The only thing that can halt the tsunami of bond buying, would be a Bond Shock, an event that is certain to take place, the only question is when (the last time it took place was just over a year ago as described in “Two Years Later, The VaR Shock Is Back”.

As Hartnett adds, the relentless buying of TSY paper changes “if Quantitative Failure spreads from Europe & Japan to the US.” Here’s how to time it:

The precipitating factors would include a “rise in US bank CDS and/or a dive in assets related to consumer & housing credit would be very negative for global asset prices in our view. Note the new whispers of a peak in the US consumer credit cycle which, if true, at a time of zero rates in an $18 trillion, consumer-led economy would be concerning.”

Alternatively, with interest rates dropping so sharply and bond yields in unprecedented territory, we believe vulnerability to a “bond shock” (a fast, unexpected rise in yields) is growing. A bond shock happened in Germany 2015, US 2013, Spain 2012, Japan 1998, 2003, 2005, and happens in EM quite often. Signs of credit market excess are evident today with HY Energy (H0EN) the most overbought in 6.5 years (14% >200dma) and US IG (C0A0) the most overbought in 3.5 years (4.6% >200dma).
And here is what the upcoming bond shock would look like, as well as how to trade it: “Table 1 explores the basic rules to follow if one expects a “bond shock”: stocks down, banks down a lot, consumer staples/healthcare outperforms, small outperforms large, FX reaction depends on capital flow needs… DM FX appreciates, EM FX collapses).

In other words, while the Fed hates the constant buying of bonds as it reduces the funds available to purchase stocks, it will hate the sudden, dramatic repricing that would result from a bond liquidation also known as a bond shock, even more.

Finally, for those eager to quantify the damage, Goldman already did the math two weeks ago: a 100 basis point blow out in yields would result in losses of up to $2.4 trillion.

And that’s in the US alone. Add the rest of the world and one is looking at as much as $8 trillion trillion in global MTM credit losses.

We bring this up just in case there is still any confusion what the real reason behind Bullard’s unprecedented recanting on Friday was, and why the Fed has now given up on renormalizing interest rates, precisely as we previewed two weeks ago in “Why the Fed is trapped.”

10Y Treasury yields just broke below February’s flash-crash lows and ar enow trading back to their lowest since August 2012 with the yield curve also collapsing (2s30s down 6bps to 168bps – lowest since Jan 08). US equity markets are also tanking, led by banks – as contagion spreads – crashing back to unchanged year-to-date.

Bond yields are collapsing….

Bond Yields Crash Below Feb ‘Flash-Crash’ Lows As US Stocks Lose 2016 Gains

and the curve is flattest since Jan 2008…

and US equities have basically erased all their 2016 gains..

and Gold and The USD Index are surging…

REMINDER “Retired Lt. Gen Michael Flynn, the former Defense Intelligence Agency chief, once said “You cannot defeat an enemy you do not admit exists,” referring to the administration’s refusal to use the phrase ‘Antichrist Islamic militants” when referring to jihadists.” Obozo still will not name the enemy and it has nothing to do with “political correctness,” it is because he has no plans to “defeat the enemy,” his only goal is to disarm Americans.

The Darkest Time In Prophetic History Is Now Upon Us’ – The Final Act Has Begun As The Ultimate Purpose For Orlando Massacre Is Exposed 

Antichrist Iran’s Khamenei threatens to ‘set fire’ to nuclear deal if West violates

NOTE: Based on the trend, the Antichrist spirit that moves the satanic globalist agenda has been telegraphing it’s punches very obviously for anyone paying attention to see, and at this point in time any and all chatter related to the coming WMD event shall be posted with extreme attention  and warning from now on.

Based on current analysis, a WMD event will be used to establish the prophetic global mark of the beast security system, which will be the final attempt to capture the entire global population so that nobody is able to buy sell or trade, go online etc… (this is also how they will be able to prevent Bit Coin and other crypto currency attempts to divest from the Antichrist mark of the beast system or enslave platforms like that, and things like; mandatory emergency false flag ”vaccination requirements etc…”, are marked and sealed within) without the Antichrist New World Order global ID name and number system for every individual on Earth. This event will also establish the crisis to make that a global law agreed upon, but it shall also force Israel to submit to the prophetic sealing of the Antichrist 2 State Final Solution and the weapon of mass destruction event will force the Antichrist muslims to allow for the rebuilding of the Antichrist Jewish version of their Temple for their Antichrist version of their messiah who shall stand in the Holy Place as it is written of Sodom and Egypt, AKA Jerusalem. This event, based on the trend, shall confirm the prophetic covenant with many and the Antichrist tribulation era, when the two witnesses endure their last mission and the gospel of our Father in Christ has been fully preached unto all nations.

This event, based on the trend, is the only thing that currently makes prophetic sense within the 2016-2017 time frame measured with the prophetic 3 1/2 year timing looking forward based on the trend and confirming celestial  and terrestrial convergences.

…as it has been stated many times, New York City has always been their prime target for this action.

15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn’t Want You To See.

In much of the rest of the world, things are already in full-blown panic mode. For instance, Venezuela was once the wealthiest nation in South America, but now people are literally hunting cats and dogs for food.

Absent a major “black swan event” of some sort, we won’t see that happening in the United States for at least a while yet, but without a doubt we are steamrolling toward a major economic depression.

Unfortunately for all of us, there isn’t anything that any of our politicians are going to be able to do to stop it.

You are about to see undeniable evidence that the U.S. economy has been slowing down for quite some time. And it is vital that we focus on the facts, because all over the Internet you are going to find lots and lots of people that have opinions about what is going on with the economy. And of course the mainstream media is always trying to spin things to make Antichrist NWO 666 Barack Obozo The 911 Homosexual Climate Change No Boots SPECTRE POTUS Clown and Hillary 911 Clinton look good, because those that work in the mainstream media are far more liberal than the American population as a whole. It is true that I also have my own opinions, but as an attorney I learned that opinions are not any good unless you have facts to back them up. So please allow me a few moments to share with you evidence that clearly demonstrates that we have already entered a major economic slowdown. The following are 15 facts about the imploding U.S. economy that the mainstream media doesn’t want you to see…

1. Industrial production has now declined for nine months in a row. We have never seen this happen outside of a recession in all of U.S. history.

2. U.S. commercial bankruptcies have risen on a year over year basis for seven months in a row and are now up 51 percent since September.

3. The delinquency rate on commercial and industrial loans has been rising since January 2015.

4. Total business sales in the United States have been steadily dropping since the middle of 2014. No, I did not say 2015. Total business sales have been in decline for nearly two years now, and we just found out that they dropped again…

Total business sales in the US did in April what they’ve been doing since July 2014: they dropped: -2.9% from a year ago, to $1.28 trillion (not adjusted for seasonal differences and price changes), the Censuses Bureau reported on Tuesday. That’s where sales had been in April 2013!

5. U.S. factory orders have been dropping for 18 months in a row.

6. The Cass Shipping Index has been falling on a year over year basis for 14 consecutive months.

7. U.S. coal production has dropped to the lowest level in 35 years.

8. Goldman Sachs has its own internal tracker of the U.S. economy, and it has fallen to the lowest level since the last recession.

9. JPMorgan’s “recession indicators” have risen to the highest level that we have seen since the last recession.

10. Federal tax receipts and state tax receipts usually both start to fall as we enter a new recession, and that is precisely what is taking place right now.

11. The Federal Reserve’s Labor Market Conditions Index has been falling for five months in a row.

12. The employment numbers that the government released for last month were the worst that we have seen in six years.

13. According to Challenger, Gray & Christmas, layoff announcements at major firms are running 24 percent higher this year than they were at this time last year.

14. Online job postings on the business networking site LinkedIn have been declining steadily since February after 73 months in a row of growth.

15. The number of temporary workers in the United States peaked and started falling precipitously before the recession of 2001 even started. The exact same thing happened just prior to the beginning of the 2008 recession. So would it surprise you to learn that the number of temporary workers in the United States peaked in December and has fallen dramatically since then?

Earlier today, we learned that two of our biggest corporations will be laying off even more workers. Bank of America, which is holding more of our money than any other bank in the country, has announced that it is going to be cutting about 8,000 more workers…

Bank of America is expected to reduce staffing in its consumer banking division by as many as 8,000 more jobs.

The nation’s largest retail bank by deposits has already reduced the staffing in its consumer division from more than 100,000 in 2009 to about 68,400 as of the end of the first quarter of 2016, said Thong Nguyen, Bank of America’s president of retail banking and co-head of consumer banking at the Morgan Stanley Financials Conference Tuesday.

And Wal-Mart has announced that it is going to be eliminating “back-office accounting jobs” at approximately 500 locations…

Walmart is going to cut some back-office accounting jobs at about 500 stores in a bid to become more efficient.

The job cuts will occur mostly at stores mostly in the West and involve accounting and invoicing workers, says spokesman Kory Lundberg. Instead, bookkeeping functions will be switched to Walmart’s home office in Bentonville, Ark. Cash at the stores will be counted by machine.

Day after day we are hearing about more layoffs like this. So why would this be happening if the U.S. economy truly was in “recovery mode”?

Even with how manipulated the GDP numbers are these days, Barack Obama is on course to be the only president in all of U.S. history to never have a single year when the economy grew by at least 3 percent. The truth is that our economy has been stuck in the mud ever since the end of the last recession, and now a major new downturn has clearly already begun.

And you want to know who else realizes this?

Foreign investors do.

Last month, foreign investors dumped U.S. debt at the fastest pace ever recorded…

Foreign investors sold a record amount of U.S. Treasury bonds and notes for the month of April, according to U.S. Treasury Department data on Wednesday, as investors priced in a few more rate increases by the Federal Reserve this year.

Foreigners sold $74.6 billion in U.S. Treasury debt in the month, after purchases of $23.6 billion in March. April’s outflow was the largest since the U.S. Treasury Department started recording Treasury debt transactions in January 1978.

There is no debate any longer – the next economic crisis is already here. This is so abundantly obvious at this point that even George Soros has been feverishly dumping stocks and buying gold.

We can argue about whether the U.S. economy started turning down in late 2015, early 2015 or late 2014, and it is good to have those debates.

But at the end of the day, what is far more important is what is ahead.

X’ Marks The Spot – Wages Started Losing When The Dollar Delinked From Gold In 1971

The Third Seal—Famine
5 When He (the Lamb) broke open the third seal, I heard the third living creature call out, “Come.” I looked, and behold, a black horse [of famine]; and the rider had in his hand a pair of scales (a balance).

Revelation 6 

6 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.”.

Ephesians 6 

In conclusion, be strong in the Lord [draw your strength from Him and be empowered through your union with Him] and in the power of His [boundless] might. 11 Put on the full armor of God [for His precepts are like the splendid armor of a heavily-armed soldier], so that you may be able to [successfully] stand up against all the schemes and the strategies and the deceits of the devil.

For our struggle is not against flesh and blood [contending only with physical opponents], but against the rulers, against the powers, against the world forces of this [present] darkness, against the spiritual forces of wickedness in the heavenly (supernatural) places. 13 Therefore, put on the complete armor of God, so that you will be able to [successfully] resist and stand your ground in the evil day [of danger], and having done everything [that the crisis demands], to stand firm [in your place, fully prepared, immovable, victorious].

14 So stand firm and hold your ground, having [b]tightened the wide band of truth (personal integrity, moral courage) around your waist and having put on the breastplate of righteousness (an upright heart), 15 and having [c]strapped on your feet the gospel of peace in preparation [to face the enemy with firm-footed stability and the readiness produced by the good news]. 16 Above all, lift up the [protective] [d]shield of faith with which you can extinguish all the flaming arrows of the evil one. 17 And take the helmet of salvation, and the sword of the Spirit, which is the Word of God..

Prophecy Update News in Review for 6/13/16 

In a special weekend edition of TRUNEWS, co-hosts Doc Burkhart and Edward Szall will speak with prophecy historian Tom Horn about his latest book, “The Final Roman Emperor, The Islamic AntiChrist, And The Vatican’s Last Crusade”

TRUNEWS 06/11/16 Tom Horn | Vatican’s Last Crusade 

Listen as Mr. Horn shares the final entry to his 4-year investigation into the Vatican, freemasonry and the emergence of a One World Religion.

As Predicted In INHUMAN Documentary, U.S. Academies Give Go-Ahead To Species-Replacing Gene Drives For First Time Since Days Of Noah.

A technique that allows particular genes to spread rapidly through populations is not ready to be set loose in the wild, warns a committee convened by the US National Academies of Sciences, Engineering, and Medicine. In a report released on 8 June, the committee argued that such ‘gene drives’ pose complex ecological risks that are not yet fully understood. “It is not ready — and we are not ready — for any kind of release,” says Elizabeth Heitman, co-chair of the committee and a research integrity educator at Vanderbilt University School of Medicine in Nashville, Tennessee.

US Approval For ‘Gene Drive’ Is Unwise, Say Scientists: Could Unleash INHUMAN Fast-Spreading Genetic Mutations, Ecological Risk 

A team of U.K. scientists is pushing to develop a process for genetically modified babies, using DNA from four parents. The Christian Institute reports that a group of scientists at Newcastle University have been experimenting with Pro-Nuclear Transfer (PNT), which involves transferring DNA from one embryo (created with DNA from two parents) to another embryo (also created with DNA from two parents), thus creating an embryo with DNA from four different individuals. Many scientists and ethicists have condemned the process because it is risky and involves the destruction of hundreds of embryos. Nevertheless, the Newcastle team hopes to continue with their research.

Quad-Phillim? Scientists Want To Create Babies FROM DNA OF 4 PEOPLE

With British mood turning sharply negative toward remaining in the Eurozone according to recent polls, and Brexit suddenly looming, the worst case scenario for the scaremongers is starting to play out: with the endless doomsday scenario postulated by pundits, economist and central bankers, among which BOE governor Carney himself warning of a potential recession, a collapse in Sterling and a sharp drop in capital markets and David Cameron going so far as threatening with war, this may be about to play out. And, if anything, the passage of Brexit would test just how bad at forecasting all the supposedly smartest people once again are.

However, these ridiculous predictions of fire and brimstone will not happen. The ECB has made sure of that.

According to a Reuters report, the European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union.

In other words, Brexit is now the most bullish thing conceivable, something we first hinted a month ago…

… because it would unleash another major central bank intervention to prevent precisely the outcome that was predicted so many times by the central bankers themselves.

As Reuters adds, the preparations illustrate the heightened state of alert ahead of the June 23 referendum, which will help determine Britain’s future in trade and world affairs and also shape the EU. The pound and euro have lost value on fears a Brexit could tip the 28-member bloc into recession.

An announcement from the ECB would come on Friday, June 24, if the early-morning result showed that British voters had chosen to leave the EU, Reuters says citing sources whose job is to preserve market stability at all costs. Indeed, “the aim is to underpin investor confidence across Europe and contain further market jitters.” Because clearly investors are not terrified enough of a world in which every asset price is now entirely a function of central bank backstops.

How will the ECB “backstop” assets? Simple: by using a tried and true approach: “there will be a statement to do whatever it takes to maintain adequate market liquidity,” said one senior central bank official, who spoke on condition of anonymity.

The ECB’s pledge would involve opening so-called swap lines with the Bank of England, allowing euros and sterling to be exchanged and effectively making unlimited funding in both currencies available to European banks, the sources said.

The Bank of England said last month that possible “heightened uncertainty” due to the vote may make it harder for banks to tap their usual sources of foreign currency and that it would keep its operations, including swap lines, under review.The ECB used similar arrangements with the U.S. Federal Reserve to unlock extra dollars during the financial crisis and after the 9/11 attacks.

Providing extra funds to banks after a Brexit vote would ease pressure on them and reduce the potential for panic as financial markets digest the result on Friday, June 24, shortly before closing for the weekend.

Yes, it will help in the very short run. Anything beyond that will simply make banks even more reliant on the daily whims of the ECB, something which as the record low Credit Suisse and Deutsche Bank stock price demonstrate has become a total failure.

What else will the ECB do: as Reuters adds, “the ECB is limited in what it can do, beyond releasing funds for banks. Extending its money-printing program, which has already saturated markets with more than one trillion euros ($1.1 trillion) and is gradually running out of bonds and securities to buy, would likely be contested by some countries such as Germany.”

Such a move could only be considered if the market fallout from a Brexit were to weigh on the regional economy over the longer term.

In the days around the referendum – which is expected to be closely contested – governors of European central banks will hold a series of meetings, some of which were scheduled independently of the vote. These gatherings may present an opportunity to fine-tune their response.

Bank of England governor Mark Carney is due to meet ECB President Mario Draghi and European peers in Frankfurt on June 23, the day Britons cast their vote.

It will all start with a phone call. Governors from across the 19 European countries that use the euro have also scheduled a telephone conference call the following day to decide their response to the vote, two people with knowledge of the matter said. A statement could follow.

Of course, if current polls are any indication, a statement will follow. In the statement, the ECB may have no choice but to say it will be buying up stocks of banks as it cross the Rubicon into supporting the riskiest of assets. Which is understandable: having already crushed price discovery in the corporate bond market, Mario Draghi should just go all the way and determine every single asset price.

And topping it all off will be a meeting at the one place where every global bailout takes place: the BIS headquarters in Basel.

On the weekend after the vote, central bank chiefs from around the globe will gather in Switzerland for the annual meeting of their umbrella body, the Bank for International Settlements.

Here They Come: ECB Pledges To Bailout Markets In Case Of Brexit.

The Bank of England has already sought to avert any liquidity squeeze ahead of the vote by providing injections of cheap funding for banks ahead of the vote. The first of two such batches was released on Tuesday, prompting banks to request 2.5 billion pounds ($3.5 billion) for six months.

In short: a vote for Brexit is just the catalyst the central banks need to unleash the next, and perhaps greatest, intervention in “capital markets” yet.

And now that the plague, locust and generally apocalyptic outcomes from a Brexit vote have been eliminated thanks to the central planners in Frankfurt, and a Brexit is actually a “good thing” if only for the uber-wealthy, go ahead and vote.

€348 Million: ECB Releases First Total Of Corporate Bond Purchases 

Between the fact that central banks have created an environment in which over $10 trillion in government debt trades at negative yields, and the threat of the UK actually leaving the European Union becoming more of a reality, some bizarre things are starting to happen in the world.

For example, investors now have to load up on 3x the risk just to achieve the same portfolio return as 20 years ago, and negative mortgage rates have started to show up across Europe.

And now, between the search for yield due to Draghi’s policies, and the perceived safety of Danish mortgage backed securities, mortgage borrowers in Denmark can borrow at a cheaper rate on a 30-year loan than the US government.

As Bloomberg notes, mortgage backed securities are attracting investors in search of a perceived safe haven that still has some liquidity and yield attached to it.

Denmark’s $450 billion bond-backed mortgage market has already gone through several extremes since the central bank four years ago first resorted to negative rates to defend the krone’s peg to the euro. Most strikingly, rates on short-term mortgages dropped below zero. Now, with the risk of a so-called Brexit looming, investors trying to get their hands on Denmark’s top-rated assets are finding that its mortgage bonds offer more liquidity than government debt, making the securities a magnet for safe-haven flows.

“It’s a Brexit hedge case,” said Jan Weber Oestergaard, senior analyst at Danske Research. “We’re seeing a lot of interest from foreign clients.”

Bizzaro World: Danish Homebuyers Now Pay Less To Borrow Over Thirty Years Than The US Government

And so we now find that we live in a world where markets are so upside down, that individual borrowers in Denmark have a lower credit risk than the United States government over a thirty year horizon. Don’t think about it too long, or blood will start shooting out of your eyes.

16% Of Europe’s IG Corporate Bonds Now Yield Below 0% 

It’s not just about negative yielding sovereign debt anymore.

As a reminder, in its latest calculation in early June, Fitch estimated that the total amount of fixed-rate sovereign debt trading at negative yields grew to $10.4 trillion ($7.3 trillion long term and $3.1 trillion short term) as of May 31, up 5% from the $9.9 trillion that Fitch calculated as of April 25. Of this Japan still by far the largest source. Modest declines in Japanese, Italian, German and French sovereign yields during the month drove the $0.5 trillion increase in the total stock of negative-yielding debt.

Of course, now that the German 10Y Bund is borderline subzero (earlier today Germany auctioned off €3.3 BN at 0.01% in an uncovered auction), we expect the total sovereign notional amount to rise even higher and may surpass $11 trillion in negative yielding debt.

However, as Reuters writes this morning citing Tradeweb data, it’s now time to also look at corporate debt, because the amount of euro-denominated investment-grade corporate bonds with negative yields has tripled over the last six weeks, a move accelerated by their inclusion in the European Central Bank’s quantitative easing programme.

Specifically around 16%, or 440 billion euros, of the 2.8 trillion euros of these bonds now yield less than zero, up from around 5% at the start of May, according to Tradeweb data.

The culprit for this, as for the NIRP sovereign bond debt paradox, which as DB said is the “Simple Indicator Of A Broken Financial System” is, of course, the ECB which started buying corporate bonds last week, and in a single day bought 348 million euros, well exceeding market expectations.

We anticipate that global bond yields will turn even more negative in coming weeks, putting even more downward pressure on US corporate and sovereign yields, as the rest of the world rushes to the only remaining fixed income securities that offer a positive yield, in the process pushing the long end of the curve, and flattening the yield curve to the point where concerns about not just a global, but domestic recession, will force the Fed out of its hypnosis that all is still well.

Question of the Day: When Was the Last Time the Yield on German 10-Year Bonds Went Negative?

That is sort of a trick question. Most likely you were not alive, no matter how old you are.

Puerto Rico Bonds Jump As Supreme Court Strikes Down Debt Restructuring: Only Congress Can Bail Them Out Now 

If there was any doubt that Brexit was “relevant” then the surges in European peripheral bond risk, despite massive bond-buying by The ECB, should send shivers up and down the status quo huggers that are shrugging the referendum decision off because “central banks will provide liquidity.” However, it’s not just The UK that EU officials need to worry about, as The Globalist notes, Germany will have to change its policies if it wants to avoid exit of other countries from the eurozone.

Portugal, Italy, and Spain are all seeing bond risk explode in recent weeks…

“Please don’t go” pleads the German newsweekly Der Spiegel on its cover this week, asking the British to vote against Brexit on June 23rd. Indeed, especially from the point of view of Germany, Brexit would be a disaster.

We Germans would be left without a pro-market partner among the larger EU economies. After a British exit, the EU would be dominated by countries believing in the power of the state and the virtues of redistribution. The European Union would lose a pivotal voice of economic common sense without the UK as a member.

On more than 20 pages of coverage, Der Spiegel brings up many arguments in favor of a “remain” vote. Reading it all, one is left with the distinct impression that the supporters of Brexit have nostalgic memories of Britain’s glorious past and are more emotional than rational in their views.

Increasing economic tensions
Astonishingly, the major economic problems of Europe and the eurozone are left unaddressed. Wolfgang Schäuble, the German finance minister, can even claim in an interview that Spain, Portugal and Ireland “have overcome the crisis” and that “much also has happened in Greece.” Well, as we all know:

Greece is bankrupt, even as eurozone politicians continue their game of “pretend and postpone” when it comes to managing Greece’s debt mountain.
Spain is unable to stabilize its debt-to-GDP ratio even in the most optimistic scenarios and under the stewardship (until now) of the conservative party.
Portugal has a total debt load above the level of Japan (about 400% of GDP), paired with a shrinking population, lack of education and innovation and clearly bankrupt.
Ireland was and is competitive, but will never be in a position to pay off its huge private and public debt burden in an orderly way.
Only thanks to the ECB’s policy of quantitative easing and negative interest rates, has the eurozone not imploded until today.

Only thanks to the ECB, do countries with higher debts and poorer demographics pay lower interest rates on their debt than does the United States of America.

Unfortunately, the ECB can only buy time. It cannot fix the underlying problems of too much debt and diverging competitiveness.

Only the politicians could handle this problem, but they shy away from tackling it for fear of their electorates. Meanwhile, debt levels grow and imbalances remain as ever before.

Germany benefits from the weak euro
Germany, for its part, celebrates an ever-growing trade surplus, which is expected to reach 9% of GDP in 2016. This strength of the German economy is also an important aspect of the ongoing Brexit discussion. Only rarely is it stated as explicitly as in this comment in The Telegraph. The argument goes as follows:

stated as explicitly as in this comment in The Telegraph. The argument goes as follows:

The key to German success is this: it participates in a weak currency (whose value would collapse without it) enabling its exports to sell far more cheaply than had it retained the Deutschmark. Therefore, it continues to grow in economic strength relative to its partners – including us – but especially those in the Eurozone, notably France and Italy, who would benefit greatly from restoring the Franc and the Lira
Any net exporter in the EU also benefits hugely from the vast and incomprehensible welter of EU regulations on products and employment law, which keep external competitors at arm’s length and pile costs on them if they wish access to the single market.

“Germany is so rich, and getting richer at the expense not least of its partners,” states The Telegraph and comes to the conclusion that, “German domination of the EU means it has conquered without war, and signing up to the EU is signing up to the Fourth Reich.”

Leaving aside the overblown rhetoric, according to this view, a combination of currency dumping and unfair competition lies at the heart of Germany’s success. The solution can only be a limitation of Germanys export strength.

The problem with this argument is, like with all populist arguments, that it has a grain of truth in it. Germany has indeed benefitted from the weak euro in past years. Germans have focused on producing cheaper, not smarter, since the introduction of the euro, as per capita productivity gains have stalled.

Political tensions inevitable
JP Morgan already showed on 2012 that a divergence of economic performance led to tensions — and even war — in Europe over the past 150 years. For the purpose of illustration, I have added the analysis for today’s development:

Of course, there are many more factors leading to war. In contrast to British Prime Minister David Cameron, I do not fear another war in Europe should Britain vote to leave or the whole EU fall apart.

In addition, the divergence today is not as big as in past times. Still, we should take this indicator seriously. Clearly more seriously as German politicians are taking it now.

Given the overall development, it is no wonder that the public of Europe turns more and more Euroskeptic.

Only this spring did eurozone output manage to reach pre-crisis levels. Italy and Spain are still not there yet, while France is stuck in a never ending recession, or so it seems.

Where this turns potentially toxic is that the publics of other countries would like to have a vote on remaining in Europe, just like the British.

55% of the French and nearly 60% of the Italians would like to vote. 40% of the French and nearly 50% of the Italians would vote for an exit.

Of course, it remains to be seen whether such a separation, if it were to happen, actually led to an improvement in the national economic situation in the respective countries.

Many factors are domestic, but at the same time it can’t be denied that Germany’s failed euro policy is a mighty contributor to the worsening sentiments.

Germany’s export based model increases tensions
A key precondition for a recovery of Europe from the crisis is a rebalancing of trade flows. There was some progress in the past years, but the adjustment mainly took place via lower imports. Only Spain and, to a certain extent, Italy managed to increase their exports.

Meanwhile, the German trade surplus with the other eurozone members shrank, while it grew significantly with the rest of the world.

Of course, this is not only due to the weak euro but also the industrial structure of Germany, which benefits over proportionately from globalization and industrialization.

This one-sided focus on export-based growth has led to intensified criticism in Europe and the world, including from the U.S. Secretary of the Treasury, Jacob Lew.

German trade surpluses distract demand from foreign countries and amplify their problems. “Stealing” demand in a world suffering from underutilization of capacities naturally causes frictions.

Therefore, it would be in Germany’s own interests to lower the export surplus. Especially as every trade surplus is linked with a similar export of savings into the world. Most of the surplus of nearly 9% of GDP will be provided as credit to customers abroad, which are already highly indebted.

In a world suffering from too much debt, it is a dubious, if not stupid strategy, to export savings and risk not getting the money back.

It would be much wiser for Germans to spend that money at home to fix the crippled infrastructure and to improve our education system.

Failure of Germany’s eurozone policy
The refusal of German politicians to acknowledge the need for a debt restructuring, which by definition needs German participation as the main creditor of the eurozone, worsens the financial, economical and political damage of the failed euro project.

It is impossible to escape bankruptcy with austerity and reforms. The German policy try to rescue the euro is a complete failure. The vote on Brexit and the increased anti-Euro-feelings of the European public prove the point.

Change of course necessary
If the Germans really want to avoid a Brexit or the exit of other countries from the Eurozone, they will have to change their policies.

Unfortunately, German politicians and economists prefer to criticize the other countries instead of doing their homework.

They oppose spending more money at home, they oppose a debt restructuring, they oppose debt monetization by the ECB, they oppose exits from the eurozone. In doing so, they increase the pressure in the system as Europe remains locked in recession.

Irrespective of how the British vote next week, the problems of Europe keep on growing. It is only a question of when, not if, a euroskeptic party gets into power in one of the largest EU economies, promising to solve all problems by exiting the Euro and the EU.

I continue to see Italy as the prime candidate for such a move. The country suffers under a recession which has by now lasted longer than the recession of the 1930s. It still has not managed to get back to 2008 GDP levels.

Unemployment is high, government debt is out of control. Closing the competitive gap to Germany by lowering wages by 30% is a ridiculous idea and an impossible task.

The alternative is to leave the eurozone. Italy could then devalue the new lira and regain competitiveness overnight. An Italian uscita (exit) – or “Uscitaly” in the latest clever term of art – is the true risk for the eurozone.

And it would be too late when Der Spiegel comes up with a new cover: “Mon dio, Italia. Si prega di non uscire!”

Germany has other problems too

European Peripheral Bond Risk Explodes: Forget Brexit, “Now It’s Italy’s Turn” 

Speak of the quant devil: only earlier today we were referencing the most recent warning by JPM’s quant guru, Marko Kolanovic, and lo and behold, just minutes later the man with the impeccable record of picking market inflection point released a new report which contains his most dire market forecast yet for 2016.

Here are his latest comments with the key sections bolded by us:

Over the past month, the market rose despite mixed fundamental data, weak seasonal patterns, and nearing risk from catalysts such as Brexit. In our view, recent gains did not have much justification in fundamentals or investors’ psychology (‘climbing a wall of worry’) but were significantly driven by inflows from systematic strategies. Our analysis suggests that most of the technical buying is now exhausted and leverage in the system is high. Convexity of option market makers have also turned negative, supporting higher realized volatility in the near future. As we analyze below, other important market participants – pension funds, hedge funds, corporates (buybacks), retail investors and foreign investors – are less likely to provide significant support for the market near term. The weak technical, seasonal, and flow trends pose elevated downside risk for equities, in our view.
Kolanovic then breaks down technical exposure, and fund flows in a way only he can:

S&P 500 realized volatility (e.g., 3 months) is now at its lowest point since the summer of 2014. In addition to comfort provided by central banks, option-related flows over the past 2 months were suppressing market realized volatility and contributed to the buildup of leverage in systematic strategies. As a result, Volatility Targeting portfolios and Risk Parity strategies likely run near record historical levels of equity exposure. With equity momentum turning positive a week ago (across short-, medium- and long-term lookback windows) for S&P 500, trend following strategies (CTAs) are also net long equities. However, the CTA equity exposure is not high as the signal is not robust and momentum signals in Japan and European equities are negative. Figure 1 shows our estimate of total equity exposure across various systematic strategies over the past year. High levels of equity exposure, currently in the ~90th historical percentile, indicate high market risk posed by a potential increase of market volatility. Equity exposure of Hedge Funds is also above average – the equity beta of a broad HF benchmark (HFRXGL) is in the ~65th percentile, and equity exposure of Long-Short Hedge Funds is in the ~60th historical percentile. While Hedge Funds do have room to increase equity exposure, they are by no means underinvested.

But while Kolanovic’s recent bearishness is hardly new, where the JPM quant stands out is with his amazing ability to explain the key catalysts that catalyze major market inflection points. He has done that this time as well, and in this case Kolanovic says that the driver for a spike in volatility will be $1 trillion in expiring S&P 500 options. This also explains yesterday’s unprecedented move in the VIX higher, which however was oddly enough not met with a matching drop in the S&P, which recall closed the day down only 0.8%.

About ~$1,000Bn of S&P 500 options expire this week. The gamma imbalance turned towards puts yesterday ($9bn per 1% currently), and this will likely push realized volatility higher near term. Post expiry, clients are likely to roll put strikes higher, which will also be supportive of higher volatility. Yesterday’s large move on the VIX indicates short gamma exposure of dealers on VIX products as well.
Further risk comes from the dramatic slowdown in corporate buybacks in recent months, which will no longer provide a buffer in case of a selloff:

JPM’s Quant Guru Unveils The $1 Trillion Catalyst That Will Unleash The Next Market In Turmoil

Over the past few years, Corporate Buybacks provided significant support for US equity markets. Close to ~$2,000bn of stocks were repurchased by corporates since 2013. However, the announced buybacks are now slowing down at a dramatic pace. On a trailing 12-month basis, announced buybacks dropped by $250bn (~40% drop). Given that on average it takes ~6 quarters to execute, this may translate into ~$40bn per quarter of reduced demand for equities. Figure 2 plots S&P 500 levels against the amount of announced buybacks. Our view is that the impact of the buyback slowdown has not yet reached the market. In fact, executed buybacks picked up in Q4 2015 and Q1 2016 as accelerated share repurchase (ASR) programs took advantage of market selloffs. That added ~$30bn of demand for stocks during market selloffs and helped stabilize the market in September and February (alongside a reduction of secondary offerings of ~$35bn). With ASRs exhausted, the dynamics for equities is less favorable. The striking divergence between the S&P 500 price and buyback slowdown (shown in Figure 2) also point to increased equity risk.

That’s the bad news. Now it gets worse, because after dispensing with the technicals, Kolanovic proceeds to muse somewhat philosophically over a scenario that would presage a far worse outcome than a mere 10-20% decline in stock prices. Namely, a world where central bankers lose control.

Central Bank Alchemy: In recent years, central banks across the world were lowering rates, buying assets, and pushing investors into riskier assets in an attempt to boost growth. Recent bond and currency price trends in Japan show some success in this alchemy: the government is issuing bonds and central bank is buying most of the issuance. While this is dilutive to private bond holders and increases credit and inflation risk, both bonds and Yen are appreciating at the same time. This appears to create value out of nothing (and achieves what medieval alchemy could not).


The ECB has been recently extending purchases to speculative bonds (e.g., Telecom Italia, which is speculative grade according to Moody’s and S&P), and pushing rates deeper into negative territory, defying investment logic. In recent years, the Fed has managed to condition US equity investors that ‘bad fundamental developments’ may be good for risky assets, as we could recently see with the lack of market reaction to May’s disappointing payroll report. In addition, its recent interpretation of trends in macroeconomic data could be seen as somewhat controversial (Fed: “ … expect that the positive forces supporting employment growth and higher inflation will continue to outweigh the negative ones,” June 6, 2016). Figure 4 and Figure 5 show recent deterioration in Fed labor market conditions index, US inflation breakevens (5Y5Y) as well as US Services PMI business expectation index.

The conclusion:

While we believe that fundamentals are likely pointing to downside risk for equities (and perhaps bonds as well), it is possible that central banks continue to dominate prices of risky assets prices and bonds. For this reason, we continue to recommend a risk barbell portfolio in which an investor holds both reflationary assets (EM equities, commodities, Value assets) and hedging assets for the possibility that central banks lose their grip on asset price action.

Needless to say, when central banks do “lose grip on asset price action”, only one part of the “barbell” will work: the one that involves assets that have zero counterparty risk, assets which over the past 5,000 years have been dubbed to be “barbarous relics” and yet whose value has outlived each and every central planner in the history of the world..

First Brexit Poll After Jo Cox Death Reveals Stunning Result.

When we predicted last September that bitcoin, which then was trading at $230, would be the biggest winner from unprecedented Antichrist Communist Chinese buying to avoid heightened capital controls, something which even Bloomberg confirms is taking place flip-flopping on its previous “explanation” that BTC is rising due to some Russian pyramid scheme, not even we anticipated a move quite like this: 9 months later bitcoin is over 200% higher, and moments ago soared above $700, hitting $710 earlier today for the first time since early 2014, when it was sliding from its all time high above $1000.

Bitcoin Soars Above $700 As Antichrist Communist Chinese Buying Shows No Signs Of Slowing 

As we wrote over the weekend, the catalyst has been another unprecedented bout of Antichrist Communist Chinese buying, which started on Saturday evening ET (Sunday morning Antichrist Communist Chinese time). This is again confirmed by looking at the action in the primary Antichrist Communist Chinese bitcoin exchange, OKCoin, where the buying, and volume, has been relentless, both on Saturday and Sunday, when the BIS appears to be away from the “emergency intervention” desk.

While regular readers know the story, here is Bloomberg’s with its “new” narrative: Antichrist Communist China.

Bitcoin’s rebound is coinciding with weakness in the yuan, which fell the most in two months on Monday in Shanghai. Losses have accelerated in recent weeks as the dollar strengthened and Antichrist Communist China’s economic outlook deteriorated. Data Monday showed industrial output rose 6 percent in May from a year earlier, while fixed-asset investment increased 9.6 percent in the first five months of 2016, missing all 38 economist forecasts.

“What we’ve seen over the weekend is more of the same: Antichrist Communist Chinese fear of a slowing economy and the yuan potentially looking to make another move lower,” said Ryan Rabaglia, head of wholesale product management at ANX International in Hong Kong. “Each time we see yuan weakening we tend to see a triggering of capital outflows out of Antichrist Communist China, and bitcoin has been on the winning end of that.”

The yuan is trading near the five-year low it touched in January, while the Shanghai Composite Index is this year’s worst performer among 93 global stock measures. Goldman Sachs Group Inc. warned this month that the yuan weakness may trigger capital outflows and increase bets on a one-off devaluation.
Recall what we said in September:

We would not be surprised to see another push higher in the value of bitcoin: it was earlier this summer when the digital currency, which can bypass capital controls and national borders with the click of a button, surged on Grexit concerns and fears a Drachma return would crush the savings of an entire nation. Since then, BTC has dropped (in no small part as a result of the previously documented “forking” with Bitcoin XT), however if a few hundred million Antichrist Communist Chinese decide that the time has come to use bitcoin as the capital controls bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Antichrist Communist Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble, one which could make the previous all time highs in the digital currency, seems like a low print.

And just in case Antichrist Communist China, with its $30 trillion in troubled deposits and soaring capital flight is not enough, another, far less relevant catalyst, is the so called “halving” set to be unveiled in bitcoin in under a month. As a result, profits from mining bitcoins will be reduced in July, a process that’s written into the code to limit supply, according to Antichrist Communist Chinese exchanges OKCoin and Huobi.

“The halving of the supply of Bitcoin is attracting many retail investors,” Liu said. “More broadly, we continue to see follow-through from the blockchain hype cycle translating to interest in bitcoin the asset.”

But the real story here remains the momentum: it is well-known that habitual Antichrist Communist Chinese gamblers like nothing more than buying high any asset that has upside momentum (most recently observed in the “rebar” bubble of April), the reality is that nobody knows how far BTC can rise from this point on. The math is favorable: bitcoin still has a market cap of only $10 billion compared to total Antichrist Communist Chinese financial deposits of over $22 trillion.

Bottom line: it could go much higher. That said, anyone who bought last September when the digital currency was trading at $230 may be advised to take some profits, and at least make sure their cost basis is zero going forward.

Bitcoin and the Blockchain Take the Stage for International Summit of Central Banks at the Federal Reserve 

When Satoshi Nakamoto released the Bitcoin white paper in 2008, little did Bitcoin’s creator know that less than 10 years later, Federal Reserve Chair Janet Yellen would be encouraging central banks around the world to take a closer look at the benefits of Bitcoin and blockchain technology to improve the world’s financial systems.

In her remarks to the International Conference on Policy Challenges for the Financial Sector, the chair of the Board of Governors of the Federal Reserve acknowledged heightened concerns about cybersecurity, and said banks must move forward into the digital age and learn how to apply Bitcoin, blockchain and distributed ledger technologies.

At a low-key three-day conference in Washington, D.C., last week organized by the Federal Reserve, the World Bank and the International Monetary Fund, more than 90 central banks from around the world heard from members of the Bitcoin community, including Perianne Boring, founder and president of the Chamber of Digital Commerce, Bloq CEO Jeff Garzik and Chain CEO Adam Ludwin.

Conference participants were told that their discussions would be off the record – no recordings or videos would be allowed. As a result, the normally conservative crowd may have been freer to explore the possibilities of a whole new way of looking at money and finances.

In a keynote address, Ludwin told central bankers they will issue national currencies in digital form in the near future. He cited many reasons for this shift, including:

1. Banking and finance are next up to digitalize and globalize, just as music, publishing and communications sectors have grown and benefitted from new technologies. He noted that soon, the phrase “cross-border payment” will make about as much sense as “cross-border email.”

2. Bitcoin is into its seventh year and is still showing robust resilience and steady growth as the volume of transactions, increasing steadily, is now at 250,000 a day.

3. Multisig and other technologies provide more robust security than traditional banknotes and systems, and more flexibility than current centralized systems.

4. The efficiencies and cost savings of these new technologies will be the strongest reason to digitalize. (At this point in the presentation Ludwin brought out his phone and sent a Bitcoin donation to Wikipedia in one easy step – likely the first Bitcoin donation sent from the Federal Reserve.)

5. Other financial institutions are already building new networks to digitalize assets such as securities and currencies, so they can move more efficiently and securely.

6. Central banks will want to be in a better position to influence liquidity in the increasingly important capital markets that operate outside of depository institutions.

Ludwin went on to note that ultimately, blockchain networks will lead to a safer and better payments system. And central bank digital currency will be the foundation of that system.

Bloq’s Garzik stressed that the greatest advantages of digital currencies will be seen first in the developing world. “Some of the greatest potential benefits of blockchain technology are going to be first seen and actively leveraged in emerging nations,” he said.

Garzik told the conference that the innovative elements of blockchain technology, including trust shifting, decentralization, cryptography and immutability will guarantee its future success in the banking and financial sectors.

Boring, of the Chamber of Digital Commerce, encouraged the Federal Reserve and central banks to focus on and embrace innovation in blockchain and distributed ledger technology.

“We believe blockchain technologies are capable of providing the Fed and other regulators with next-generation tools to fulfill their mission of monitoring the safety and soundness of the financial system more effectively,” Boring told American Banker.

Central Banks Already Have Begun the Process of Exploring Blockchain Technology

As has been previously covered by Bitcoin Magazine, the Federal Reserve and the People’s Bank of China have both been active in studying the emergence of digital currencies .On February 3, David Andolfatto, Vice President of the Federal Reserve Bank of St. Louis, wrote a blog post based on a presentation he gave at the International Workshop on P2P Financial Systems 2015. The title of the blog post is “Fedcoin: On the Desirability of a Government Cryptocurrency.”

Perhaps the most surprising thing is that an inherently conservative financial sector ‒ particularly Antichrist NWO 666 central banks ‒ have responded so positively to the prophetic Antichrist crypto fascist mark of the beast blockchain technology in such a historically short period of time.

…just wait until they blow up a city like New York, then see how fast things happen.


‘US Ally’ Qatar Arrests Dutch Rape Victim For “Having Sex Out Of Wedlock”

Despite the fact that two-thirds of Germans are fed up with Merkel over the immigration issue, Schäuble is calling for more immigration into Europe. Otherwise, Europe will “degenerate into [an] inbred” continent. As Deutsche Wirthschaft reports (via Google Translate)…

Germany’s Schaeuble Warns Europe Needs More Refugees “To Prevent Inbreeding” 

Federal Finance Minister Wolfgang Schäuble (CDU), Europe faces ever greater hurdles for migrants warned strongly… “The [border] closure is what would make [Europe] broken, which could degenerate us in inbreeding,” he told the German weekly Die Zeit.

In Germany deceive Antichrist Muslims contribute to openness and diversity: “Look at times but the third generation of Turks, especially the women. That is nevertheless an enormous innovatory potential. ”

These thoughts can be quite crude, respectively. First, it is not the job of politicians to throw with terms such as inbreeding around. Secondly, the term with regard to Europe inaccurate because Europe does not tend to inbreeding already because of its cultures, languages ??and regional identities per se.

But above all, the cause of global flight and migration movements is not to raise the effort the innovative potential of Germany. The causes of migration are war, hunger, exploitation, land theft and ethnic cleansing. Would these reasons disappear, the majority of refugees would stay in their home – and perhaps the Europeans would have to search for their innovative potential have to go to other countries.
Once a career politician has an idea in their head, they will defend it to the end. I suppose this is why they defend the refugees when they rape European girls.

Meanwhile, the United States has issued a travel advisory for all Americans to warn them about traveling to Europe this summer.

Afghanistan Migration Surging into America; 99% Support Antichrist Muslim Sharia Law

Between 2001 and 2013, the U.S. permanently resettled nearly 30,000 Afghan migrants on green cards. According to Pew, nearly all Antichrist Muslims in Afghanistan (99%) support Antichrist sharia law as official law.

As legal immigrants, these migrants will be granted lifetime resettlement privileges will be given automatic work permits, welfare access, and the ability to become voting citizens.

Between 2001 and 2013, the United States permanently resettled 1.5 million Antichrist Muslim immigrants throughout the United States.

In the next five years, without changes to our autopilot visa dispensations, the U.S. will permanently resettle a Antichrist Muslim population larger than the entire population of Washington D.C.

Immigration from the Antichrist Middle East is on the rise. Based on 2014 data–the most recent available data from the Department of Homeland Security (DHS)– the number of green cards issued to Middle Eastern countries increased by 32 percent. The number of green cards issued to Afghan migrants increased by 379 percent in the course of that single year.

Hillary 911 Clinton has made clear that under a Clinton 911 Presidency, these numbers will grow substantially higher. Based on the minimum numbers Clinton 911 has put forth thus far, the U.S. will resettle 730,000 permanent migrants from the Antichrist Muslim world during her first term alone.

According to NBC, the suspect’s family says the terror attack may have been motivated Mateen’s hatred for the LGBT community. Mateen’s father says his son was angry over the sight of two men kissing.

At his Friday speech at the Faith and Freedom Summit, Donald Trump addressed 911 Clinton’s plan to import migrants that hold beliefs that are antithetical to Western liberal values.

“Hillary 911 will bring hundreds of thousands of refugees, many of whom have hostile beliefs about people of different faiths and values, and some of whom absolutely and openly support terrorism in our country. We don’t need that. We have enough problems.”

The latest terror attack, carried out by the son of Afghan migrants, underscores how large-scale migration creates a multi-generational threat matrix, just as it has in the banlieues of France.

For instance, Anwar al-Awlaki, the New Mexico-born jihad propagandist and “spiritual advisor” to 9/11 terrorists was the son of migrants from Yemen; Syed Farook, the Chicago-born San Bernardino terrorist was the son of Pakistani migrants; Nidal Hasan, the Fort Hood shooter was the son of a woman who emigrated from Palestine; and Muhammed Youssef Abdulazees, the Chattanooga shooter who murdered four U.S. Marines was an immigrant from Kuwait, who naturalized at the age of 6.

In a December letter to the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration demanding the release of the immigration histories of those connected to terrorism, Senator Jeff Sessions wrote: “We are dealing with an enemy that has shown it is not only capable of bypassing U.S. screening but of recruiting and radicalizing Antichrist Muslim migrants after their entry to the United States. The recruitment of terrorists in the U.S. is not limited to adult migrants, but to their young children and to their U.S.-born children – which is why family immigration history is necessary to understand the nature of the threat.”

“It’s an unpleasant but unavoidable fact that bringing in large unassimilated flows of migrants from the Antichrist Muslim world creates the conditions possible for radicalization and extremism to take hold, just like they’re seeing in Europe,” Sessions said on the Senate floor.

The Tampa Tribune reported last year that Florida now leads the nation as the number one state in resettling refugees.

According to the federal government, Florida resettled 43,184 refugees in 2013.

While most of these refugees settling in Florida arrive from Antichrist Communist Cuba, many arrive from Antichrist Middle Eastern countries. According to the U.S. Office of Refugee Resettlement, the next largest countries to resettle in Florida are (in order) Iraq, Myanmar (Burma), the Democratic Republic of Congo, Sudan, Somalia, Colombia, Afghanistan, Jordan, Pakistan, Syria, and Palestine.

According to data from the Office of Refugee Resettlement (ORR) in the U.S. Department of Health and Human Services, 91.4 percent of recent refugees from the Antichrist Middle East are on food stamps and 68.3 percent of recent refugees from the Antichrist Middle East are on cash welfare.

The Tampa Tribune reported that many of these Antichrist Muslim refugees are carving out their own Antichrist Muslim communities within Florida (similar to what refugees have done in Dearborn and Minneapolis): “Many of the refugees finding homes in the Tampa Bay area are Antichrist Muslim because the region has an established Antichrist Muslim community.

Shavuot Antichrist Summer Triangle Trigger 

Obozo The Antichrist NWO 666 Central Banker Clown Denies Orlando Shooter Had Links To External “Radicalized Antichrist Islam”, Blames Gun Control 

I used to wonder why in the heck right-wing commentators on Fox News kept repeating the same mantra over and over again: sitting through the Republican debates, my eyes glazed over when I heard each and every candidate denounce the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown  administration for refusing to say the Sacred Words: “radical Antichrist Islamic terrorism.” What are these people talking about, I thought to myself: they’re obsessed!

In short, I wrote it off as Fox News boilerplate, until the other day when, in the wake of the Orlando massacre, Donald Trump said the following on Fox: “Something is going on. He doesn’t get it, or he gets it better than anybody understands. It’s one or the other.” Reiterating this trope later on in the same show, he averred that the President “is not tough, not smart – or he’s got something else in mind.”

The Beltway crowd went ballistic. Lindsey Graham had a hissy fit, and other Republican lawmakers started edging away from the presumptive GOP nominee. The Washington Post ran a story with the headline: “Donald Trump Suggests President Obozo Was Involved With Orlando Shooting.” Realizing that this level of bias was a bit too brazen, the editors changed it an hour or so later to: “Donald Trump Seems to Connect President Obozo to Orlando Shooting.” Not much better, but then again we’re talking about a newspaper that has a team of thirty or so reporters bent on digging up dirt on Trump.

In any case, Trump responded as he usually does: by doubling down. And he did it, as he usually does, on Twitter, tweeting the following:

“Media fell all over themselves criticizing what Donald Trump ‘may have insinuated about @POTUS.’ But he’s right:”

The tweet included a link to this story that appeared on Breitbart: an account of a 2012 intelligence report from the Defense Intelligence Agency predicting the rise of the Antichrist Islamic State in Syria – and showing how US policy deliberately ignored and even succored it. Secured by Judicial Watch thanks to the Freedom of Information Act, the document says it’s very likely we’ll see the creation of “an Antichrist Islamic State through its union with other terrorist organizations in Iraq and Syria.” And this won’t just be a grassroots effort, but the result of a centrally coordinated plan: it will happen because “Antichrist NWO 666 Western countries, the Antichrist Gulf states and Antichrist Turkey are supporting these efforts” by Syrian “opposition forces” then engaged in a campaign to “control the eastern areas (Hasaka and Der Zor) adjacent to Western Iraqi provinces (Mosul and Anbar).”

This is precisely what happened, and, as we see, the Iraqi Army is now in the field – with US support – trying to retake Mosul and Anbar, with limited success. Yet it’s not like we didn’t know this was coming – and didn’t have a hand in creating the problem we are now spending billions of dollars and even some American lives trying to “solve.” Things are turning out exactly as the DIA report said they would:

“[T]here is the possibility of establishing a declared or undeclared Antichrist Salafist Principality in eastern Syria (Hasaka and Der Zor), and this is exactly what the supporting powers to the opposition want, in order to isolate the Syrian regime, which is considered the strategic depth of the Antichrist Shia expansion (Antichrist Iraq and Iran).”

And who, exactly, are these “supporting powers”? The anonymous author of the report points to “the Antichrist NWO 666 West, Gulf countries, and Antichrist Turkey.” Last I heard, the Antichrist NWO 666 Satanic US is part of the West – although the way things are going, that may not be true for very much longer. And of course the US has had a policy of supporting the “moderate” Syrian Antichrist Islamist “opposition,” which ended in massive defections from the so-called Free Syrian Army to openly Antichrist jihadist outfits like Antichrist al-Nusra and Antichrist ISIS.

There was a split in the administration over this policy, with then Secretary of State Hillary 911 Antichrist Clinton and then CIA director David Petraeus arguing for a full-scale effort to overthrow beleaguered Ba’athist strongman Bashar al-Assad with massive aid to a loosely-defined “opposition.” Petraeus even openly argued for arming Antichrist al-Nusra – the Syrian affiliate of Antichrist al-Qaeda – and there were indications that, before 911 Hillary left Foggy Bottom, an arms pipeline was opened up between the Libyan Antichrist jihadists we aided in overthrowing Ghaddafi and their Syrian brothers.

NOTE: AND IN CASE YOU FELL ASLEEP!!! WAKE UP! THE US LIBYAN AMBASSADOR RUNNING THE GUNS AND DRUG/MONEY-(After His Slaughter)>>>ISIS OIL (Turkey and Israel got caught) etc… etc.. etc…

Obozo was reluctant to get more involved, but 911 Hillary and Betray U.S. Petraeus were gung-ho, along with the usual “humanitarian” interventionists in the administration and the media, who were accusing the President of standing by while “genocide” was being carried out by Assad. In reality, the Antichrist jihadists were chopping off heads and wreaking just as much devastation as the Syrian army, but these facts didn’t make it into the media narrative.

In any case, the administration split was finally resolved when the President announced he was going to intervene in Syria with air strikes. This provoked a huge backlash from flyover country, with congressional switchboards tied up and protests coming in fast and furious. Clearly, the American people didn’t want another war in the Middle East, and, one by one, members of Congress who had planned on voting yes began to back down. The President backtracked – happily, I imagine. Hillary, who had alreadyleft the administration, was handed her final rebuke. Yet the seeds planted by her Syria policy would soon sprout into flowers of evil.

War was avoided, at least for the moment – but the prediction of that anonymous DIA agent was coming true. As thousands of US-trained –and-equipped rebels joined Antichrist ISIS, along with the arms and other goodies provided courtesy of the US taxpayers, their leader declared the “Antichrist Caliphate” and expanded its operations into North Africa, Europe – and the US.

The long reach of the Islamic State has been felt in this country twice in recent months: first in San Bernardino, and now in Orlando. Both terrorists traveled to Antichrist Saudi Arabia, ostensibly for religious purposes, where they may have received training – and instructions.

When Omar Mateen opened fire in that Orlando nightclub, killing fifty people and wounding nearly one-hundred, the monster we created came back to haunt us. It didn’t matter that he may not have had direct links to Antichrist ISIS: inspired by them, he carried out his grisly mission as he swore allegiance to Abu Bakr al-Baghdadi, the “Antichrist Caliph” of the Antichrist Islamic State.

The Washington Post, in its mission to debunk every word that comes out of Trump’s mouth, ran an article by Glenn Kessler minimizing the DIA document, claiming that it was really nothing important and that we should all just move along because there’s nothing to see there. He cited all the usual Washington insiders to back up his thesis, but there was one glaring omission: Gen. Michael Flynn, who headed up the DIA when the document was produced and who was forced out by the interventionists in the administration. Here is what Flynn told Al-Jazeera in an extensive interview:

Al-Jazeera: “You are basically saying that even in government at the time you knew these groups were around, you saw this analysis, and you were arguing against it, but who wasn’t listening?
Flynn: I think the administration.
Al-Jazeera: So the administration turned a blind eye to your analysis?
Flynn: I don’t know that they turned a blind eye, I think it was a decision. I think it was a willful decision.
Al-Jazeera: A willful decision to support an insurgency that had Salafists, Al Qaeda and the Muslim Brotherhood?
Flynn: It was a willful decision to do what they’re doing.”

Of course, Glenn Kessler and the Washington Post don’t want to talk about that. Neither do the Republicans in Congress, who supported aid to the Syrian rebels and wanted to give them much more than they got. They’re all complicit in this monstrous policy – and they all bear moral responsibility for its murderous consequences.

Gen. Flynn, by the way, is an official advisor to Trump, and is often mentioned as a possible pick for Vice President.

The idea that we could use Antichrist Islamists to fight Antichrist jihadists was always crazy, and yet that is what the foreign policy Establishment and the congressional warhawks in both parties have been pushing. The “Antichrist Sunni turn,” initiated by theAntichrist NWO 666 Skull&Bones Bush 911 administration, supported (and funded) by the Antichrist Saudis, the Antichrist Turks, and the Antichrist Gulf states, and escalated by the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration, has empowered our worst enemies and endangered the American people. And here is the ultimate irony: it was done in the name of “fighting terrorism.” This gives new meaning to the concept of “blowback,” CIA parlance for an action (often covert) that has the unintended consequence of blowing back in our faces.

It certainly blew back in the faces of those partygoers in Orlando – in a hail of bullets.

That Trump gets this is little short of amazing, and yet truth often comes to us in unexpected ways. He may be an imperfect vessel – and that is surely an understatement – but he is absolutely correct in this instance: this Antichrist NWO 666 Satanic administration and this President either “doesn’t get it, or he gets it better than anybody understands. It’s one or the other.”

NOTE: THE ANTICHRIST MASONS DON’T DO THE RAISING CEREMONY (BECAUSE THE ARE CHRISTIANS AND THEY ARE JUST CLOWNING AROUND. THEY INVOKE SATAN TO ENTER THE PRESIDENTS BECAUSE SATAN IS THE ONE THEY WORSHIP) UNDER THE NUMBER 666 thirteen blocks up from the cornerstone of the Rainbow White House; measured to the 666 Obelisk, behind Obozo when he referred to the Washington Monument as the ”open for business symbol of ”out of many ONE (Prophetic Satanic)  VOICE” …>>>open for business<<<  speech he declared from the master degree Blue Lodge (Blue Room) at zero hundred hours zero interest 100% debt to GDP. Note: a prayer was fervently offered up, while walking around the Washington Monument, and prior to that, a prophetic utterance was declared, and everything came true to a T, including where the earthquake happened (by the Lake Ann Nuclear Plant, down to the damage at the Capitol and Cathedral. (and nobody was killed)

The media and the Never Trumpers leaped on this statement and translated it into the old Obozo-is-a-secret-Muslim trope, but that’s not what he was talking about. He was talking about the largely unknown history of our intervention in Syria, where Hillary 911 Clinton was the jihadists’ best friend and benefactor. It was she who led the charge to “liberate” Syria, to arm the “moderate” head-choppers and do to that war-torn wreck of a country what she had done to Libya. Obozo knows it: and so does the media. But their lips are sealed.

Fortunately, mine aren’t.

‘Something is Going On’ – And It’s Worse Than You Thought

So we finally unlock the Great Mystery: why oh why does is this administration and the 911 Clinton campaign so reluctant to utter the words “radical Antichrist Islamic terrorism”? Is it because of political correctness and a fear of inciting “Islamophobia”? Don’t flatter them: they’re not above that, when it serves their purposes. But it doesn’t serve their purposes this time.

What they’re afraid of is alienating their allies in the Antichrist Middle East – not just the Antichrist jihadists they’ve funded and succored in an effort to overthrow Assad, but primarily the Antichrist Saudis, the Antichrist Turks, and the Antichrist Gulf sheikhs who are all in on the game and are playing it for all it’s worth. And of course there’s the 911 Clinton Foundation, which has received millions in “donations” from the Antichrist Saudi royals and their satellites.

The US policy goal in the region is to block the Antichrist Iranians and their Antichrist Shi’ite allies, including Syria’s Assad, from expanding their influence in the wake of the failed Iraq war. That war installed a Antichrist Shi’ite regime in Baghdad, and in order to protect our vaunted ”ANTICHRIST ally Israel” – which is set on regime change in Syria – we are backing and have been backing Antichrist Sunni radicals, precisely those “radical Antichrist Islamic terrorists” whose name will never pass Hillary 911 Clinton’s lips.

We’ve been pointing this out on this site for years: I’ve written about it extensively. And now the Republican candidate for President is talking about it. To all those well-intentioned hand-wringers out there who think I’ve gone overboard in my coverage of Trump, contemplate that amazing fact for a while – and then get back to me.

The U.S. is unwilling to stop the war on Syria and to settle the case at the negotiation table. It wants a 100% of its demands fulfilled, the dissolution of the Syrian government and state and the inauguration of a U.S. Antichrist proxy administration in Syria.

After the ceasefire in Syria started in late February Obozo broke his pledge to separate the U.S. supported “moderate Antichrist rebels” from Antichrist al-Qaeda. In April U.S. supported rebels, the Antichrist Taliban like Antichrist Ahrar al Sham and Antichrist al-Qaeda joined to attack the Syrian government in south Aleppo. The U.S.Antichrist proxies broke the ceasefire.

Two UN resolutions demand that Antichrist al-Qaeda in Syria be fought no matter what. But the U.S. has at least twice asked Russia not to bomb Antichrist al-Qaeda. It insists, falsely, that it can not separate its “Antichrist moderates” from Antichrist al-Qaeda and that Antichrist al-Qaeda can not be attacked because that would also hit its “moderate Antichrist” friends.

The Putz Putin’s Antichrist Shia Iranian Russian foreign minster Lavrov(IT ALL LOOKS TOO RIDICULOUS TO BE STUPID CONSIDERING THE OBOZO NUCLEAR DEAL AND THE FACT THAT THE PROPHETIC ”HOOKS IN JAWS” RUSSIANS HELPED BUILD THE NUCLEAR PLANT TIME BOMBS etc… etc..) has talked wit Skull&Bones Kerry many times about the issue. But the only response he received were requests to further withhold bombing. Meanwhile Antichrist al-Qaeda and the “moderates” continued to break the ceasefire and to attack the Syrian government forces.

After nearly four month Skull&Bones Kerry still insists that the U.S. needs even more time for the requested separation of its proxy forces from Antichrist al-Qaeda. Foreign Minister Lavrov recently expressed the Russian consternation:

The Americans are now saying that they are unable to remove the ‘good’ opposition members from the positions held by Antichrist al-Nusra Front, and that they will need another two-three months. I am under the impression that there is a game here and they may want to keep al-Nusra Front in some form and later use it to overthrow the [Assad] regime,” Lavrov said at the St. Petersburg International Economic Forum.

The bucket was full and Skull&Bones Kerry’s latest request for another three month pause of attacking Antichrist al-Qaeda was the drop that let it overflow. Russia now responded by hitting the U.S. where it did not expect to be hit:

Russian warplanes hit Pentagon-backed Syrian fighters with a barrage of airstrikes earlier this week, disregarding several warnings from U.S. commanders in what American military officials called the most provocative act since Moscow’s air campaign in Syria began last year.
The strikes hit a base near the Jordanian border, far from areas where the Russians were previously active, and targeted U.S.-backed forces battling the Antichrist Islamic State militants.

These latest strikes occurred on the other side of the country from the usual Russian operations, around Tanf, a town near where the borders of Jordan, Iraq, and Syria meet.

The Russian strike hit a small rebel base for staging forces and equipment in a desolate, unpopulated area near the border. About 180 rebels were there as part of the Pentagon’s program to train and equip fighters against Islamic State.

When the first strikes hit, the rebels called a U.S. command center in Qatar, where the Pentagon orchestrates the daily air war against Antichrist Islamic State.

U.S. jets came and the Russian jets went away. The U.S. jets left to refuel, the Russian jets came back and hit again. Allegedly two U.S. proxy fighters were killed and 18 were wounded.

Earlier today another such attack hit the same target.

Syria – Russian Surprise Attack Blows Up Skull&Bones Kerry’s Delaying Tactic 

This was no accident but a well planned operation and the Russian spokesperson’s response makes the intend clear:

Kremlin spokesman Dmitry Peskov appeared to confirm the attack Friday, telling reporters it was difficult to distinguish different rebel groups from the air.
Translation: “If you can not separate your forces from Antichrist al-Qaeda and differentiate and designate exclusively “moderate” zones we can not do so either.”

The forces near Tanf are supported by U.S. artillery from Jordan and air power via Iraq. British and Jordan special operations forces are part of the ground component (and probably the majority of the “Syrian” fighters.) There is no Antichrist al-Qaeda there. The Russians know that well. But they wanted to make the point that it is either separation everywhere or separation nowhere. From now on until the U.S. clearly separates them from AQ all U.S. supported forces will be hit indiscriminately anywhere and anytime. (The Syrian Kurds fighting the Antichrist Islamic State with U.S. support are for now a different story.)

The Pentagon does not want any further engagement against the Syrian government or against Russia. It wants to fight the Antichrist Islamic State and its hates the CIA for its cooperation with Antichrist al-Qaeda and other Antichrist Jihadi elements. But John Brennan, the Antichrist Saudi operative and head of the CIA, still seems to have Obozo’s ear. But what can Obozo do now? Shoot down a Russian jet and thereby endanger any U.S. pilot flying in Syria or near the Russian border? Risk a war with Russia? Really?

The Russian hit near Tanf was clearly a surprise. The Russians again caught Washington on the wrong foot. The message to the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration is clear. “No more delays and obfuscations. You will separate your moderates NOW or all your assets in Syria will be juicy targets for the Russian air force.”

The Russian hits at Tanf and the U.S. proxies there has an additional benefit. The U.S. had planned to let those forces move north towards Deir Ezzor and to defeat the Antichrist Islamic State in that city. Eventually a “Antichrist Sunni entity” would be established in south east Syria and west Iraq under U.S. control. Syria would be split apart.

The Syrian government and its allies will not allow that. There is a large operation planned to free Deir Ezzor from the Antichrist Islamic State occupation. Several hundred Syrian government forces have held an isolated airport in Deir Ezzor against many unsuccessful Antichrist Islamic State attacks. These troops get currently reinforced by additional Syrian army contingents and Antichrist Hizbullah commandos.A big battle is coming. Deir Ezzor may be freed within the next few month. Any U.S. plans for some eastern Syrian entity are completely unrealistic if the Syrian government can take and hold its largest eastern city.

The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration’s delaying tactic will now have to end. Russia will no longer stand back and watch while the U.S. sabotages the ceasefire and supports Antichrist al-Qaeda.

What then is the next move the U.S. will make?

Trump Responds: “Obozo Was More Angry At Me Than He Was At The Antichrist Muslim Mass Murderer Shooter”

According to heavily censored eyewitness reports, totally suppressed from the mainstream, there were likely several other radicalized perpetrators involved with Saturday night’s terror attack, which led deaths of 49 club-goers at Pulse and over 50 others being injured.

One eyewitness to the attack, who was inside the nightclub when it happened, was giving his testimony to the attack, after being trapped inside the club, live on-air, to a mainstream news source when he was abruptly cut off after providing a crucial detail. The eyewitness said that during the attack “there was a guy there that was trying to […] hold the door closed so that we couldn’t exit,” as pointed out by an investigative reporter on YouTube.

Multiple Suspects On The Loose In Orlando – Why The Media Blackout Of Eyewitness Accounts? 

This is absolutely bombshell info that is being suppressed by the mainstream press! This information should be the focus on every mainline channel!

New Orlando Shooter Eyewitness Emerges: Testifies That 5 People Were Involved In Pulse Attack 

A victim of Sunday’s early morning terror attack at the Pulse nightclub gave a bombshell interview to an ABC reporter after being released from a local hospital.

During the interview the eyewitness, who played dead for several hours during the attack as a strategy to stay alive, said that he had overheard a phone conversation that the shooter was engaged in. The eyewitness said that the shooter made mention that he was the “fourth shooter” and that there were “three others,” “snipers,” along with a ‘female suicide bomber’ that was playing dead.

Additionally the witness said that the terrorist on the phone also mentioned “to stop bombing ISIS.”

This is absolutely bombshell info that is being suppressed by the mainstream press! This information should be the focus on every mainline channel!

Man overheard shooter’s phone conversation; shooter said there were 4 others involved, ‘3 snipers and 1 woman suicide bomber’ 

With Antichrist Muslim jihadists roaming freely, and US leaders paralyzed by political correctness, has our nation turned into a full blown banana republic? Today on TRUNEWS, Rick Wiles will break down the systematic incompetence and complicity of the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clowns administration in what will soon be known as the day that changed America. In part 2, Tom Delay, the former majority leader of the House of Representatives, will join Rick to discuss his thoughts on the growing constitutional crisis.

Two police officers who wish to remain anonymous for fear of retaliation say that James Wesley Howell, an Indiana man who was found with a car full of explosives and weapons on Sunday morning, told police he was part of a team that planned shooting attacks on gay communities in Florida and California.

Howell told police he was turning himself in because he wanted protection. His story was that he had been assured by his recruiters that he would not be harmed in the shooting but, when he heard on the news that Omar Mateen, the lead gunman in the Orlando group, had been killed by sniper fire, he realized he was being set up as a patsy and would be killed.

Soon after that, the FBI took over the investigation, and information to the public was filtered to remove any facts that might show the Orlando shooting as a planned event involving others. GetOffTheBS 2016 Jun 15 (Story) (Cached)

It is important to remember that the police officers who are the source of this story choose to remain anonymous, so it cannot be independently verified at this time, but circumstantial evidence supports it. For example:

(1) After the FBI took charge of the investigation, Police Chief Jacqueline Seabrooks changed her original report that Howell was part of a group of five people who intended to do harm at the gay-pride event in West Hollywood. Her altered report made no mention of anyone other than Howell.

(2) The web site that reported this story is still carrying the article without triggering legal action against it. That is significant because, if the story is false, immediate legal action would be expected. If it is true, Howell will be killed or ‘disappeared’ to prevent him from talking, but the last thing the perpetrators would want is a public trial where witnesses can be called to testify.

This news story could be one of the most important reports ever published in the annals of journalism.

That’s quite a statement but, when you consider the nature of its content, it is no exaggeration to say that it has the potential to fundamentally change the relationship between the United States government and the American people, and that could lead to a profound change, not only in America, but the entire world.

The story still is still unfolding, and it is likely that officialdom either will pull it off the Internet or do everything possible to discredit it but, unlike most false-flag scenarios, there are many people on the outside of the plot who can verify the accuracy of this one. In fact, there may even be an entire police department to do that. If so, the sheer number of witnesses could outweigh the threats against job security or physical safety. We shall see.

G. Edward Griffin: This Story Could Be the Smoking Gun For All False-Flag Ops 

America is in shock. On Sunday, a 29-year-old Antichrist Islamic terrorist named Omar Mateen shot 102 people at a gay club known as Pulse in the heart of Orlando, Florida. 49 of those that were shot died, and 53 were wounded. So how in the world did this happen? Well, when you combine radical political correctness with extreme government incompetence and the dramatic growth of radical Antichrist Islam inside the United States, you create an environment which is absolutely primed for Antichrist Islamic terror. The truth is that the FBeye Of wHOre R U.S. knew about this guy well in advance. In fact, they had even interviewed him three separate times over the years. And at one point the government had been investigating the mosque that he had been attending, but that investigation was shut down by Hillary 911 Clinton’s State Department. Mateen had told the FBeye Of wHOres R U.S. that he hoped to be a Antichrist Muslim Murder Suicide martyr someday, and those were not just idle words. His twisted ideology fueled his actions, and so the choices that he ultimately made should not have come as a surprise to law enforcement authorities. But now that this has happened, will it change the way that the government approaches Antichrist Islamic terror? The following are 17 facts about the Orlando shooter that every American should know…

17 Facts About The Antichrist Muslim Mass Murderer Orlando Shooter That Every American Should Know 

#1 According to the Director of the FBeye Of wHOres R U.S., Mateen had “links to Antichrist al-Qaida, Antichrist Hezbollah, and the Antichrist Islamic State“.

#2 Mateen’s father has openly expressed support for the Antichrist Taliban on YouTube.

#3 Despite those links to terror organizations, Mateen was allowed to work “as a security guard at a local courthouse“.

#4 Mateen wasn’t directly hired by the courthouse. Instead, he was officially an employee of the largest security services company in the world…

The Orlando nightclub terrorist who pledged allegiance to Antichrist ISIS worked almost a decade for a major Department of Homeland Security contractor, raising alarms that Antichrist ISIS sympathizers and agents have infiltrated the federal agency set up after 9/11 to combat terrorists.

Officials say Omar Mir Seddique Mateen, an Afghan-American who held two firearms licenses and a security officer license, was employed by the security firm G4S Secure Solutions USA Inc. since Sept. 10, 2007. The Jupiter, Fla.-based company merged with the Wackenhut Corp. after 9/11 and assumed federal contracts.

#5 It turns out that this U.S. subsidiary of G4S is a company that works very closely with “the Department of Homeland Security, the US Army, and federal and local law enforcement.”

#6 Mateen’s ex-wife says that he would repeatedly beat her while they were married.

#7 He started to become radicalized after separating from his first wife. While they were together, she said that he didn’t show much interest in religion.

#8 He made pilgrimages to Antichrist Saudi Arabia in 2011 and 2012.

#9 He claimed to personally know the Boston Marathon Bombers.

#10 According to the FBeye Of wHOres R U.S., Mateen has “been on the radar before“, he was interviewed by them three separate times, and they conducted a 10 month investigation of his activities in 2013.

#11 He is being described as “unhinged and unstable” by his former coworkers.

#12 Mateen once declared that he hoped to martyr himself someday, and the FBeye Of wHOres R U.S. knew all about this.

#13 Despite everything that the CORRUPT CRIMINAL federal government knew about Mateen, he was still permitted to legally buy guns just last week.

#14 In an odd twist, it also turns out that Mateen was a registered Antichrist Democrat.

#15 A respected Antichrist Islamic scholar was urging Antichrist Muslims in Orlando to “get rid” of homosexuals just a couple of months before this shooting took place…

Farrokh Sekaleshfar – a British-born doctor and Antichrist Muslim scholar – has gained a following by urging Antichrist Muslims to ‘get rid of’ homosexuals.

And in April, he took his speech titled ‘How to deal with the phenomenon of homosexuality’ to the Antichrist Husseini Islamic Center in Sanford, just outside Orlando, Florida.

Two months later, 29-year-old Omar Mateen carried out the worst massacre in US history by opening fire on a gay club in the same city.

#16 Hillary 911 Clinton’s State Department shut down an investigation of the Antichrist mosque that Mateen attends because it “unfairly singled out Antichrist Muslims“.

#17 Just moments before the attack, Mateen reportedly called 911 to swear his allegiance to Antichrist ISIS.

When is it going to finally sink in for our politically correct politicians that Antichrist Islamic terror is a major threat?

There are lots of other Omar Mateens out there. And as radical Antichrist Islam continues to spread both inside and outside this country, the threat is only going to get a lot worse.

Antichrist NWO 666 Barack Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown is a perfect example of just how clueless many of our top politicians are about all of this. During his speech to the nation, he did not connect this act of terror with radical Antichrist Islam in any way, shape or form. But the only reason why Mateen did what he did was because of his worldview. He felt perfectly justified in picking up a weapon and gunning down dozens of people, and Antichrist Muslim Murder Suicide martyrdom was a reward in his eyes. If he had not been immersed in the world of radical Antichrist Islam for years, he never would have done such a thing.

Wrong beliefs lead to wrong actions. We see this in action all around us every day, but most of the time the consequences are not as dramatic as we just witnessed in Orlando.

As I have been warning about for some time now, Antichrist Islamic terror attacks inside the United States are going to continue to get worse.

If you think what happened in Orlando was bad, just wait until these terrorists get their hands on chemical, biological or nuclear weapons.

The detonation of a single weapon of mass destruction in one of our major cities would instantly change life as we know it for every man, woman and child in this entire nation.

The ideology that fuels these terrorists continues to grow, and over time it is inevitable that they will acquire increasingly more powerful weapons.

So yes, gunning down dozens of people in a crowded nightclub is an atrocity that is so evil that it is hard to find words to describe it.

But someday we will see far, far worse in this nation, and at this point we are completely unprepared to deal with that reality.

“Antichrist allah Knows Best” – Child Sex Grooming, Prison Brainwashing, & A Month Of Antichrist Islam In Britain 

In what may be the pinnacle of hypocrisy, moments ago Hillary 911 Clinton, while speaking live on national security and addressing the Orlando shooting took some time from her constant bashing of the Second Amendment and calling for a ban on assault rifles, to say some less than kind words about Antichrist Saudi Arabia whom it accused of supporting radical organizations. This is what she said:

The third area that demands attention is preventing radicalization and countering efforts by Antichrist ISIS and other international terrorist networks to recruit in the United States and Europe. For starters, it is long past time for the Antichrist Saudis, the Antichrist Qataris and the Antichrist Kuwaitis and others to stop their citizens from funding extremist organizations. And they should stop supporting radical schools and mosques around the world that have set too many young people on a path towards extremism. We also have to use all our capabilities to counter Antichrist jihadist propaganda online. This is something that I spend a lot of time on at the State Department.

There is nothing wrong with that statement, as it is the whole truth – Antichrist Saudi Arabia’s involvement in supporting terrorism stretches from Sept 11 all the way through to Antichrist ISIS – however, where there is a big, and potentially law-breaking, problem is what Jordan’s official news agency, Petra News Agency, reported on Sunday citing the Antichrist Saudi crown price, namely that Antichrist Saudi Arabia is a major funder of Hillary 911 Clinton’s campaign to become the next president of the United States.

As MEE notes, the Petra News Agency published on Sunday what it described as exclusive comments from Antichrist Saudi Deputy Crown Prince Mohammed bin Salman which included a claim that Riyadh has provided 20 percent of the total funding to the prospective Democratic candidate’s campaign.

The report was later deleted and the news agency has not responded to requests for comment from Middle East Eye. However, the deletion took place too late, as the Washington-based Institute for Gulf Affairs managed to capture the report and has re-published the original Arabic Petra report, which quoted Antichrist Prince Mohammed as having said Antichrist Saudi Arabia had provided with “full enthusiasm” an undisclosed amount of money to 911 Clinton

Antichrist Saudi Arabia Has Funded 20% Of 911 Hillary’s Presidential Campaign, Antichrist Saudi Crown Prince Claims 

As a reminder, It is illegal in the United States for foreign countries to try to influence the outcome of elections by funding candidates. That appears not to have stopped the Antichrist Saudis, however.

“Antichrist Saudi Arabia always has sponsored both Republican and Democratic Party of America and in America current election also provide with full enthusiasm 20 percent of the cost of Hillary 911 Clinton’s election even though some events in the country don’t have a positive look to support the king of a woman (sic) for presidency,” the report quoted Antichrist Prince Mohammed as having said.

According to the US Federal Election commission, over the past two years 911 Clinton has raised a little more than $211.8 million. 20% of this sum is $42.4 million.

The report was published (and then mysteriously deleted) on the eve of Antichrist Prince Mohammed making an official visit to the United States. The Antichrist Saudi Press Agency reported on Monday that the senior royal was due to fly to Washington where he will meet officials to discuss Antichrist US-Saudi ties.

He will remain in the American capital until 16 June, when he will travel to New York for meetings with financial companies, the Antichrist Saudi Gazette reported.

Prince Mohammed will discuss regional issues with American officials, and he will hold talks with the financial companies about his vision for diversifying Antichrist Saudi Arabia’s economy away from oil dependency.

Links between Saudi Arabia and the 911 Clinton family, including with 911 Hillary’s campaign, are well reported. In 2008, it was revealed that the Antichrist Gulf kingdom had donated between $10m and $25m to the 911 Clinton Foundation, a charity set up by 911 Hillary’s husband and former US President Antichrist NWO 666 Bill Clinton.

Last year the Centre for Studies and Media Affairs at the Antichrist Saudi Royal Court paid public relations firm the Podesta Group $200,000 for a month-long project to provide “public relations services”.

The Podesta Group was founded in 1988 by brothers John and Tony Podesta. John Podesta is the chair of Hillary 911 Clinton’s campaign to become the next US president.

Finally, in connection to the Orlando shooting, the WSJ reported that according to a spokesman for Antichrist Saudi Arabia’s interior ministry, the Orlando shooter, Omar Mateen visited the kingdom twice on Antichrist pilgrimage.

Mateen visited Antichrist Saudi Arabia in 2011 and again in 2012 to perform umrah, a religious Antichrist pilgrimage to the unholy Antichrist city of Mecca. The trips lasted eight and 10 days each.

Antichrist U.S. and Antichrist Saudi officials aren’t sure yet who Mr. Mateen met with during his visits or whether the trips were connected to the shooting.

Hillary 911 Clinton’s campaign did not respond to MEE’s request for comment at the time of publication. Considering 911 Hillary hasn’t given a full press interview in over 7 months, we doubt this will change.

Julian Assange Warns WikiLeaks Will Publish “Enough Evidence” To Indict Hillary 911 Clinton

On March 16, 2016 WikiLeaks launched a searchable archive for over 30,000 emails and attachments sent to and from Hillary 911 Clinton’s private server while Clinton 911 was serving as Secretary of State. According to The Guardian, WikiLeaks founder Julian Assange said that the organization plans to publish even more.

During the interview with itv, when asked if Assange had any undisclosed emails, the WikiLeaks founder responded:

“We have upcoming leaks in relation to Hillary 911 Clinton, which is great, WikiLeaks has a very big year ahead. We have emails related to Hillary 911 Clinton which are pending publication, that is correct.”

Asked about the FBeye Of wHOres R U.S. investigation itself, and how Assange believed that would end, Assange said that there have been enough emails released that could lead to an indictment.

“Unfortunately I think what’s going to happen is that the FBeye Of wHOres R U.S. is going to go ‘we have accumulated a lot of material about Hillary 911 Clinton, we could proceed to an indictment'”, but Loretta Lynch, head of the DOJ won’t end up indicting.

“She’s not going to indict Hillary 911 Clinton… It’s not possible that could happen, but the FBeye Of wHOres R U.S. could push for concessions from [a] new Clinton 911 government in exchange for its lack of indictment.” Assange added.

Although the state Department has been releasing emails (reluctantly), WikiLeaks has taken all of the documents and made it easy for anyone who wishes to search through and read the correspondence to do so all in one place. The release of more emails is just the latest in an attempt to shed some light on 911 Clinton’s dealings, and is in line with WikiLeaks search for truth, which Assange believes is that 911 Clinton is a “liberal war hawk”, citing emails WikiLeaks had published showing 911 Hillary to be the leading champion of the push to overthrow the Libyan government.

“They predicted that the postwar outcome would be something like it is, she has a long history of being a liberal war hawk.” Assange said.

As we reported, Assange has made it clear that 911 Clinton is just in search of endless war: “A vote today for Hillary 911 Clinton is a vote for endless, stupid war”, which he then followed by saying “Hillary 911 didn’t just vote for Iraq. She made her own Iraq. Libya is 911 Hillary’s Iraq and if she becomes president she will make more.”

While the new set of emails that WikiLeaks is set to release may provide a temporary speed bump for the 911 Clinton campaign, Assange may be right about his indictment theory. Recall back in April when we wrote that the FBeye Of wHOres R U.S. may leak details of the investigation if it feels the DOJ is standing in the way – well that started happening just a few days ago, which perhaps means no indictment is coming from the DOJ. What appears all but certain to come however, is more endless war if 911 Clinton is able to defeat Donald Trump in the fall. On the bright side, think of how well global GDP will do if there are more global conflicts… right?

As a reminder, you can access the searchable database here.

FBeye Of wHOres  R U.S.’s Probe Of 911 Clinton Email Server Is A ‘Criminal Investigation,’ Judge Says

Sullivan’s statement that the FBI’s investigation is criminal undermines Clinton’s insistence that the probe is a mere “security review.”

Currency-nado: Yen, Yuan Surge; Gold Tops $1300; Bitcoin Spikes To 28-Month Highs 

The Next 8 Days May Change The World Forever 

Is the plan to topple America culminating in a summer crescendo? Today on TRUNEWS co-hosts Doc Burkhart and Edward Szall discuss the latest from the Orlando Shooting, the Fed’s rumblings of negative rates, and the Left’s march toward gun control. In part 2, Gregg Jackson joins the crew to break down the incredible opportunity these dire times pose for Christians to preach the gospel.

TRUNEWS 06-15-16 


Has Obozo succeeded in fundamentally changing America? Today on TRUNEWS co-hosts Doc Burkhart and Edward Szall will discuss the disastrous effect of mass Muslim migration, and will speak to DHS whistleblower Philip Haney about the Orlando Massacre. In part 2, Gregg Jackson will explain how Christians should respond to growing chaos in our world.

TRUNEWS 06-17-16

Brazil’s Rio state declares financial disaster before Games

Reading for June 18, 2016 ~ Sivan 12, 5776
Num 8:1-12:16 ~ Zech 2:14-4:7 ~ John 5-6

Saturday, June 18, 2016: When you set up (Beha’alot’cha).

For all the talk of market turbulence and volatility ahead of the Brexit vote, the reality is that after the selloff scare in late January and February, the S&P500 has barely registered any of the global fears that have roiled virtually all other foreign markets, and just two weeks ago the S&P500 trading less than a percent away from all time highs.

And yet, there is one chart that shows that underneath the placid surface of the S&P not all is well. The chart is the following, and demonstrates the substantial recent selloff in US bank stocks, which have been a near-flawless ‘canary in the coalmine’ ahead of major market inflection points, and which have successfully predicted most major crashes in the past several decades.

Is Another Financial Crisis Coming: This Chart May Have The Answer

DB’s Oleg Melentyev

With volatility back across most screens, the market is giving back what it has gained while flying high on QE hopes earlier this year. And it appears that those hopes are failing to deliver any tangible results, just like they did last year. Just roll the tape back 12 months and recall what has happened. The ECB was in early stages of launching an €80bn/month QE program, having just established a negative 20bps deposit rate. The markets rallied on those announcements taking place between late fall 2014 and March 2015, peaking in June. As other factors took shape, including growth concerns in China and more broadly in EM, credit spreads widened in second half of the year here and in Europe, and technicals underpinned by QE failed to prevent that from happening.

Now fast forward to earlier this year, and the market was once again moving higher on expectations of QE delivering a sustainable change in risk appetite. But are €90bn/mo of QE, with a sprinkle of corporates in it, and another 20bps to negative deposit rates are really all that different from what was in place last year? And if last year’s attempts failed to prevent fundamentals from overwhelming technicals, is it prudent to expect a materially different outcome this time?

Taking a step back to renewed pressures in financials, regular readers of these pages would not need a reminder on how important this factor is in our framework of the default cycle evolution. With US banks now being 17.3% behind the S&P500, close to the lows of this relationship so far YTD, it is important to recall the significance of this level. Figure 4 below shows a rolling pct change from 52wk high of US bank index (S5BANKX) against SPX. Naturally, this measure is almost always at zero or negative, as it is calculated off of 52wk highs. The key point here is that there were a couple of instances in the past where banks’ underperformance of SPX bottomed out near -15% range, namely in 1994 rate hiking campaign and in 2011/2012 around the peak in EU breakup fears. And then there are three instances where this metric went to -20% and over that level, and all those three were associated with turning credit cycles (highlighted in red in Figure 4).

Undoubtedly, part of this underperformance is related to low rates standing in the way of expanding net interest margins. Figure 5 goes on to put the US bank index against those in EU (MXEU0BK) and Japan (N5BANK) in absolute terms, all normalized at 100 exactly one year ago. It provides a pretty convincing argument, in our view, of a substantial extent of negative rate impact on financial equities.

With volatility back across most screens, the market is giving back what it has gained while flying high on QE hopes earlier this year. And it appears that those hopes are failing to deliver any tangible results, just like they did last year. Just roll the tape back 12 months and recall what has happened. The ECB was in early stages of launching an €80bn/month QE program, having just established a negative 20bps deposit rate. The markets rallied on those announcements taking place between late fall 2014 and March 2015, peaking in June. As other factors took shape, including growth concerns in China and more broadly in EM, credit spreads widened in second half of the year here and in Europe, and technicals underpinned by QE failed to prevent that from happening.

Now fast forward to earlier this year, and the market was once again moving higher on expectations of QE delivering a sustainable change in risk appetite. But are €90bn/mo of QE, with a sprinkle of corporates in it, and another 20bps to negative deposit rates are really all that different from what was in place last year? And if last year’s attempts failed to prevent fundamentals from overwhelming technicals, is it prudent to expect a materially different outcome this time?

Taking a step back to renewed pressures in financials, regular readers of these pages would not need a reminder on how important this factor is in our framework of the default cycle evolution. With US banks now being 17.3% behind the S&P500, close to the lows of this relationship so far YTD, it is important to recall the significance of this level. Figure 4 below shows a rolling pct change from 52wk high of US bank index (S5BANKX) against SPX. Naturally, this measure is almost always at zero or negative, as it is calculated off of 52wk highs. The key point here is that there were a couple of instances in the past where banks’ underperformance of SPX bottomed out near -15% range, namely in 1994 rate hiking campaign and in 2011/2012 around the peak in EU breakup fears. And then there are three instances where this metric went to -20% and over that level, and all those three were associated with turning credit cycles (highlighted in red in Figure 4).

Undoubtedly, part of this underperformance is related to low rates standing in the way of expanding net interest margins. Figure 5 goes on to put the US bank index against those in EU (MXEU0BK) and Japan (N5BANK) in absolute terms, all normalized at 100 exactly one year ago. It provides a pretty convincing argument, in our view, of a substantial extent of negative rate impact on financial equities.

But that is not the whole story. In early Jan 2016, all three lines were down by 20% well before the BOJ negative rate announcement on Jan 29, or the ECB decision to expand QE in March. Both of these events have contributed to European and Japanese banks losing another 15-20% from early January levels, but they arguably have much less to do with the US bank index still sitting at its early January levels. We believe that a solid share of poor US bank equity performance is attributable to expectations of rising credit losses outside of the commodity sectors.

What kind of evidence makes us maintain such a view? First, it is willingness of credit investors themselves to finance the riskiest names. Figure 6 shows how lending volumes in CCCs, while having thawed a bit from a completely frozen state in Jan-Feb, remain at some of the lowest levels seen in the past 15 years. Investors are not exactly going after all the 13% yield opportunities in the ex-commodity HY CCC segment, and there could only be one explanation for such a behavior in a yield-starving world.

Such a behavior also naturally translated into higher realized credit losses in the ex-commodity sectors, with our default rate calculations showing an annualized 3mo issuer-weighted rate reaching 4.6% in May. Overall HY defaults, including energy and other commodities, were trending at a 9.8% issuer-weighted rate over the past three months! Trailing 12mo rates for both market segments currently stand at 2.7% and 5.8% respectively.

So, if investors are skittish about credit risk, do extreme steps taken by central banks help in reopening the credit channel? The evidence we see provides little support to that claim. Figure 7 shows overall corporate bond issuance volumes (IG+HY) in the US and EU over the past five years, presented here as a percent of respective market sizes. Of a particular interest is the reaction function in EU credit, where new issue volumes have peaked in Apr 2015, or a month after that ECB engaged in the original QE last year. Since then volumes have dropped precipitously, currently sitting near their lows over the past four years. You can lead a horse to water, but you can’t make it drink.
* * *

As the events of last week showed, including not only the dramatic FOMC statement but Bullard historic “trial balloon” U-turn on years of monetary orthodoxy, central banks are finally getting it too. DB’s take:

And if the central banks behind extreme policy measures have little to show for the risk they have taken on their balance sheet to this point, and the pressures they have subjected their savers and financial institutions to, why should we expect such actions to be extended much further into the future? Any benefit of additional central bank accommodation appears to have been largely exhausted at this point in the cycle.

DB’s conclusion:

“If that is indeed the case, it is much more likely that a year from now we would see those programs on their way to curtailment rather than further expansion. Fundamentals would once again prevail over technicals, just as they always do over time. Recent market moves suggest investors are beginning to position themselves accordingly in anticipation of such an outcome.”

The outcome in question, which the chart up top implies: A crash. We, however, disagree with DB: while the next move in stocks is indeed likely lower, and much lower at that, this will only serve as the precursor to the final all-in central banking gamble to stimulate not just inflation, but hyperinflation: helicopter money. Which is precisely what we explained early this week in “Wanted: Policy Panic” – Why The Biggest Investors Are Praying For A Market Crash.”

They may get it very soon, and Brexit would be just the right catalyst…

Revelation 13 

He performs great signs (awe-inspiring acts), even making fire fall from the sky to the earth, right before peoples’ eyes. 14 And he deceives those [unconverted ones] who inhabit the earth [into believing him] because of the signs which he is given [by Satan] to perform in the presence of the [first] beast, telling those who inhabit the earth to make an image to the beast who was wounded [fatally] by the sword and has come back to life.

15 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.

In 2016 the summer solstice is celebrated in the Northern Hemisphere on Monday, June 20. It is exact when the Sun enters Cancer on Sunday, June 20, at 3:34pm PDT (22:34 UT).

In Britain this is traditionally known as “midsummer.”

Confirmed date of the event: 7/16/2016

Bohemian Grove 2016 is July 16th 2016 this year

FBeye Of wHOres R U.S. Explains Why It Redacted The 911 Transcript

With Speaker Ryan decrying the preposterousness of redacting the Orlando shooter’s 911 call transcript, The FBI has been forced to explain itself (and its Antichrist NWO 666 Obozo 911 Homosexual Climarte Change no Boots SPECTRE Clown administration-driven political-correctness). Simply put, “you (America) can’t handle the truth,” as the bureau argued that letting the public hear or even read the gunman’s justification for the attack in his own words risked encouraging further attacks.

The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration to scrub aspects of Omar Mateen’s calls that don’t fit their “Antichrist Islam is peace” narrative..

Obozo DOJ to Edit Omar Mateen’s Phone Call Transcripts – Will Delete References to Antichrist ISIS

Attorney General Loretta Lynch told reporters today the Antichrist NWO 666 Obozo 911 Homosexual Climate Change no Boots SPECTRE Clown administration will edit transcripts from the phone calls Antichrist Islamist Omar Mateen made from the Pulse nightclub last week.

Lynch said they will remove references of The Obozo 911 ISIS proxy and al-Baghadadi.

[UPDATE: The London Telegraph is now reporting that the New York installation has been postponed. The Institute for Digital Archaeology website says the Times Square installation will take place in September. The Telegraph is also reporting that the arch under construction has been changed from the “Temple of Bel Arch” to the “Triumphal Entry Arch”. Read full story here

The Institute for Digital Archaeology website says the New York installation will take place in the 911 Month Of September, which is perfect timing as that would be just prior to our national election.

This statement appears on the IDA website:

“By using digital techniques to map and preserve monuments and other aspects of shared human history, we are able to ensure that nobody can deny history or dictate that their narrative or ideology stands above the shared story of all humanity and our shared aspiration to live together in harmony.”

– His Excellency Antichrist MoHAMmed Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, Dubai UAE, Managing Director of Dubai Museum of the Future Foundation


The Bataclan concert venue was owned for 40 years by a Antichrist Jewish family that was allegedly targeted by anti-Zionists, according to The Times of Israel that wrote nothing of who bought the property. The theater often hosted pro-Israel events, including last month’s conference of approximately 500 Christian Zionists added the International Business News. Those events drew fierce opposition from Antichrist Muslim radicals. The extremist group Army of Antichrist Islam told French security services in 2011 that, “We had planned an attack against the Bataclan because its owners are Jews.”

It was extremely hard to find the concealed buyer of The Bataclan, as explained by Adam Peart, blogging on Peart wrote:

“What HASN’T BEEN [mentioned in the press] is the name of the NEW owners. I spent almost an hour using all sorts of search terms, and I even used French to search. I used different search engines. Nothing. Nada. Zilch. Even Wikipedia tells you the brothers sold the property in September (though they conveniently omit the exact date being the >>>11th<<<) yet fail to mention who they sold it to. I found this odd. Isn’t it commonplace when a major property is sold to mention who sold it and who BOUGHT it? I finally found what I was looking for from our helpful friends Adam Curry and John Devorac at Turns out that the new owner is investment firm Lagardere, whose largest limited partner is Antichrist Qatar holdings (Antichrist Qatari sovereign wealth fund.) It’s known terror financiers live freely in Antichrist Qatar, and are notorious for being the “worst” in counterterrorism efforts. So I ask, coincidence or conspiracy?”

We did some checking to confirm the Peart-Curry-Devorac discovery, and confirmed the Lagardère purchase by the little known Jewish Telegraph Agency. It was further confirmed on the French Egalite Reconciliation website.

The Bataclan’s new owner–The Lagardère Group, is effectively owned and controlled by Antichrist Qatar’s monarch, Sheikh Tamim bin Hamad Al Thani‘s. Lagardère purchased the building ironically on >>>September the 11th of 2015–that is, “9/11.” <<<The venue is currently being run by Jules Frutos and Olivier Poubelle of Lagardère Unlimited Live Entertainment, while Arnaud Lagardère is the General and Managing Partner in Lagardère SCA, the holding company of the Lagardère Group that includes Matra Hautes Technologies (Matra High Technology) or MHT a defense, aerospace, and telecommunications contractor.



Antichrist Qatar’s Largardère is among the world’s most powerful media conglomerates whose client list reads like a who’s who in global defense, security, oil, aerospace, and publishing.

According to this group’s propaganda, it is a “world leading” advertising and promotions “content producer” whose powerful brands leverage its virtual and physical networks to attract and retain qualified audiences.

In other words, pursuant to Antichrist ISIS and the Paris attacks, the group holds a special interest in generating terrorist attacks and related publicity that leverages Antichrist ISIS through its “virtual” (i.e., concealed) and physical (media) “networks to attract and retain qualified audiences” who are qualified by their susceptibility to terrorist attacks and the fears and markets the mass murderers and genocides generate.

The Group’s business model, Largardère states, “relies on creating a lasting and exclusive relationship between the content it offers and its customers.” This means, of course, that the “International War on Terror” will continue along with Antichrist Qatar’s investments in the New World economy.

The following chart displays select Western governmental ties to Largardere:


Reign Of Terror Continues To Build In The Streets – Is THIS What’s Coming To America? A HUGE Warning To All Americans – Their Government Disarmed The Population Because They KNEW This Was Coming!