>–1947/48—-1967—-69/70 year(s) mark and Jerusalem 50th year–April 8th 2017 Jupiter Opposition-<
U.N. Vote 1947-1948 May 14th–1967 Yom Kippur War–April 8th 2017–September 19th 2020–3/8/2024
>————–April 8th 2017 —1260 Days/3 1/2 years to—September 19th 2020 Feast of Trumpets-<
morning edition of the Eretz Israel – Palestine daily newspaper –>>dated 11/30/1947<<– announcing the UN decision (Resolution #181) to establish a Jewish State bringing forth the BIRTH OF THE STATE OF ISRAEL.
This is a very important historical document that bears record to the 100-fold fulfillment of Daniel 9:25, saying from the going forth of the commandment (the spoken word not 1948) to restore Jerusalem, unto the Messiah, shall be 7wks 3score and 2wks (69yrs); and also the parable of the fig tree spoken of by our Lord in Mat. 24:32-34 saying this generation will not pass till all be fulfilled.
The last three Jubilees were: 1867 (The final emancipation of the Jews in Austria and Hungry), 1917 (The 400 yr Ottoman rule ended – Balfour Declaration), and 1967 (The Six Day War – Jerusalem was re-united); It’s pretty easy to figure out the next Jubilee year (1967 + 50yrs = 2017). We are at this threshold today, approaching the 120 th Jubilee year (6000 yrs), the time of the restitution of all things.
NOTE: Revelation 8 ”silence in Heaven for half an hour” calculates to 20/21 years(Considering 1947/48 going forth of the U.N. command era prophetic time frame of the ”Fig Tree” generation and the 1967 50th year since the prophecy of Jerusalem confirming this ”current” prophetic terminal generation ”shall not pass away until all things are fulfilled”, Feast of Trumpets 2020, the midpoint of the exact prophetic time frame, 20 years representing the ”silence in Heaven for half an hour”, it is obvious there is a complete picture frame of time that includes ”the time after” the ”time cut short for the sake of the elect”. This perfectly measures up the 70 year generation with the 7 year tribulation and the 1260 days time of abomination which makes desolate and the last preaching of the gospel to the return of Yahshua Christ Jesus and the last 3 1/2 year era of wrath poured out upon all nations. If, of course, you are able to see, and reckon as a result, the measure of time, you are able to calculate the number(s) of The Beast currently being exposed by the fulfillment of the prophetic scriptures and you know beyond all doubt ”who what when and where” truly is. The Tribulation era is now about to begin, based on all the intelligence analysis. This is now indisputable. The time frame is perfect.
Red Flag on Recession Crops up in NY Fed’s Coincident Economic Index
NOTE: ”Project Cyanid” is the name chosen by the Antichrist power(s) within the Israeli and US government proxy force because the false flag 911 call requires the deception of the general public by such method, like committing a murderous act against your own people/self as a means to justify the end goal. This is what they did by murdering American Seamen during the Yom Kippur War and what they did on 911 etc… etc.. etc.. and what they now need to do on a larger scale, like detonation a WMD in NYC and having again an Antichrist muslim (think of Obozo’s billion and 300 million cash bonus given for the Iranian Nuclear deal and combine that effort with the importing of Antichrist ISIS into Europe and America) cover story by either MIHOP or LIHOP AKA programmed by the Antichrist Koran willing idiots, like the set up the FBI did when they murdered 6 Americans in the first WTC bombing. (Factor in the Nixon Vietnam Era default and end of the gold standard with the Antichrist Kaaba Stone Mecca 666 Nautical Mile(s) measure to The Temple Mount and consider the cornerstone measured to the confiscation of gold by FDR who put the Antichrist masonic Pyramid 1776-5776Zenith 2016(consider hidden Antichrist Messiah currently spoken of by the Antichrist rabbis in Israel and factor in the same Antichrist muslim Mahdi with the Vatican Israeli 2 State U.N. agenda now at hand) time frame on the dollar bill/Fiat Petro Debt behind the image of ”HORUS” AKA George Washington)
World Trade Falls to 2014 Level, just in Time for a “Trade War”
The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Administration refuse the Veto UN Resolution 2334 calling for a return to the pre-1967 borders and for Israel to stop building settlements
America Forsakes Israel In UN Resolution 2334
The prophecies of both Jeremiah and Daniel are crucial in unlocking the mysteries of the book of Revelation. In both cases, God worked things out with the number 70, which brings us to today’s topic. Israel was officially regathered on May 14, 1948. On May 14, 2018, they will have been back in their own land for exactly 70 years.
AS THE 70TH ANNIVERSARY OF REGATHERED ISRAEL APPROACHES, WILL IT BE A TIME OF PROPHETIC FULFILLMENT?
while I was still speaking in prayer and [d]extremely exhausted, the man Gabriel, whom I had seen in the earlier vision, came to me about the time of the evening sacrifice. 22 He instructed me and he talked with me and said, “O Daniel, I have now come to give you insight and wisdom and understanding. 23 At the beginning of your supplications, the command [to give you an answer] was issued, and I have come to tell you, for you are highly regarded and greatly beloved. Therefore consider the message and begin to understand the [meaning of the] vision.
Seventy Weeks and the Messiah
24 “Seventy weeks [of years, or 490 years] [e]have been decreed for your people and for your holy city (Jerusalem), to finish the transgression, to make an end of sins, to make atonement (reconciliation) for wickedness, to bring in everlasting righteousness (right-standing with God), to seal up vision and prophecy and prophet, and to anoint the Most Holy Place. 25 So you are to know and understand that from the issuance of the command to restore and rebuild Jerusalem until [the coming of] the Messiah (the Anointed One), the Prince, there will be seven weeks [of years] and sixty-two weeks [of years]; it will be built again, with [a city] plaza and moat, even in times of trouble. 26 Then after the sixty-two weeks [of years] the Anointed One will be cut off [and denied His Messianic kingdom] and have nothing [and no one to defend Him], and the people of the [other] prince who is to come will destroy the city and the sanctuary. Its end will come with a flood; even to the end there will be war; desolations are determined.
27 And he will enter into a binding and irrevocable covenant with the many for one week (seven years), but in the middle of the week he will stop the sacrifice and grain offering [for the remaining three and one-half years]; and on the wing of abominations will come one who makes desolate, even until the complete destruction, one that is decreed, is poured out on the one who causes the horror.”
Then there was given to me a [a]measuring rod like a staff; and someone said, “[b]Rise and measure the temple of God and the altar [of incense], and [count] those who worship in it. 2 But leave out the court [of the Gentiles] which is outside the temple and do not measure it, because it has been given to the Gentiles (the nations); and they will trample the holy city for forty-two months (three and one-half years). 3 And I will grant authority to My two witnesses, and they will prophesy for twelve hundred and sixty days (forty-two months; three and one-half years), dressed in [c]sackcloth.” 4 These [witnesses] are the two olive trees and the two lampstands which stand before the Lord of the earth. 5 And if anyone wants to harm them, fire comes out of their mouth and devours their enemies; so if anyone wants to harm them, he must be killed in this way. 6 These [two witnesses] have the power [from God] to shut up the sky, so that no rain will fall during the days of their prophesying [regarding judgment and salvation]; and they have power over the waters (seas, rivers) to turn them into blood, and to strike the earth with every [kind of] plague, as often as they wish.
7 When they have finished their testimony and given their evidence, the beast that comes up out of the abyss (bottomless pit) will wage war with them, and overcome them and kill them. 8 And their dead bodies will lie exposed in the open street of the great city (Jerusalem), which in a spiritual sense is called [by the symbolic and allegorical names of] Sodom and Egypt, where also their Lord was crucified.
Now as to the [a]times and dates, [b]brothers and sisters, you have no need for anything to be written to you. 2 For you yourselves know perfectly well that the day of the [return of the] Lord is coming just as a thief [comes unexpectedly and suddenly] in the night. 3 While they are saying, “Peace and safety [all is well and secure!]” then [in a moment unforeseen] destruction will come upon them suddenly like labor pains on a woman with child, and they will absolutely not escape [for there will be no way to escape the judgment of the Lord].
1 Thessalonians 5
4 But you, [c]believers, [all you who believe in Christ as Savior and acknowledge Him as God’s Son] are not in spiritual darkness [nor held by its power], that the day [of judgment] would overtake you [by surprise] like a thief; 5 for you are all sons of light and sons of day. We do not belong to the night nor to darkness. 6 So then let us not sleep [in spiritual indifference] as the rest [of the world does], but let us keep wide awake [alert and cautious] and let us be sober [self-controlled, calm, and wise]. 7 For those who sleep, sleep at night, and those who are drunk get drunk at night
After this I saw four angels stationed at the four corners of the earth, holding back the [a]four winds of the earth so that no wind would blow on the earth or on the sea or on any tree. 2 Then I saw another angel coming up from the rising of the sun, holding the seal of the living God; and with a loud voice he called out to the four angels to whom it was granted [to have authority and power] to harm the earth and the sea, 3 saying, “Do not harm the earth nor the sea nor the trees until we [b]seal (mark) the bond-servants of our God on their foreheads.”
When He (the Lamb) broke open the seventh seal, there was silence in heaven for about half an hour [in awe of God’s impending judgment]. 2 Then I saw the seven angels who stand before God, and seven [a]trumpets were given to them.
3 Another angel came and stood at the altar. He had a golden [b]censer, and much [c]incense was given to him, so that he might add it to the prayers of all the saints (God’s people) on the golden altar in front of the throne. 4 And the smoke and fragrant aroma of the incense, with the prayers of the saints (God’s people), ascended before God from the angel’s hand. 5 So the angel took the censer and filled it with fire from the altar, and hurled it to the earth; and there were peals of thunder and loud rumblings and sounds and flashes of lightning and an earthquake.
6 Then the seven angels who had the seven trumpets prepared themselves to sound them [initiating the judgments].
7 The first [angel] sounded [his trumpet], and there was [a storm of] hail and fire, mixed with blood, and it was hurled to the earth; and a third of the earth was burned up, and a third of the trees were burned up, and all the green grass was burned up.
US Government uses 100 million from taxpayer money to spy on the same taxpayers. US Government will now be asking all foreign travelers to reveal all social media they are using, next step they will ask Americans. UN votes that Israel’s settlements are illegal. US sanctions Russian TempBank. Russia sends police into Aleppo to keep control of the area. The corporate media and the US Government trying to convince the world that the people in Aleppo are suffering more now that it is liberated. The market place suspect has been shot and killed in Italy. This is calm before the major storm, and the storm is coming.
After these things I looked, and this is what I saw: a vast multitude which no one could count, [gathered] from every nation and from all the tribes and peoples and languages [of the earth], standing before the throne and before the Lamb (Christ), dressed in white robes, with [d]palm branches in their hands; 10 and in a loud voice they cried out, saying,
“Salvation [belongs] to our God who is seated on the throne, and to the Lamb [our salvation is the Trinity’s to give, and to God the Trinity we owe our deliverance].” 11 And all the angels were standing around the throne and around the [twenty-four] elders and the four living creatures; and they fell to their faces before the throne and worshiped God, 12 saying,
“Amen! Blessing and glory and majesty and wisdom and thanksgiving and honor and power and might belong to our God forever and ever. Amen.”
13 Then one of the elders responded, saying to me, “These who are dressed in the long white robes—who are they, and from where did they come?” 14 I said to him, “My lord, you know [the answer].” And he said to me, “These are the people who come out of the great tribulation (persecution), and they have washed their robes and made them white in the blood of the Lamb [because of His atoning sacrifice]. 15 For this reason, they are [standing] before the throne of God; and they serve Him [in worship] day and night in His temple; and He who sits on the throne will [e]spread His tabernacle over them and shelter and protect them [with His presence].
“But when you see the [d]abomination of desolation standing [in the temple sanctuary] where it ought not to be (let the [e]reader understand) then those who are in Judea must flee to the mountains. 15 Whoever is on the housetop must not go down [to enter the house], or go inside to take anything out of his house; 16 whoever is in the field must not turn back to get his coat. 17 And woe to those women who are pregnant and to those who are nursing babies in those days! 18 Pray that it will not occur in winter, 19 for at that time there will be such tribulation as has not occurred, from the beginning of the creation which God made, until now—and never will [be again]. 20 And if the Lord had not shortened the days, no human life would have been saved; but for the sake of the elect, whom He chose [for Himself], He shortened the days.
We Need Revival (Day 1) <–must watch (gives Antichrist Jewish trend intelligence end portion of vid)
We Need Revival (Day 2) <-continues in first portion of video
Antichrist Priests Partake Of Leviticus Showbreads In Preparation For Third Temple And Messiah (Antichrist?)
The UN resolution that goes beyond stopping settlement building inside the West Bank also gives East Jerusalem to the Antichrist Palestinians. In other words Israel would loose control of the Old City, Jews living there would be evicted, because Abass stated he wants a “Jew Free West Bank”. The Wailing Wall would loose all Jewish identity if this resolution is enforced.
Watch: Why The (prophetic tribulation era Antichrist) Temple Needs To Be Rebuilt By Antichrist Jews
PM says Israel won’t adhere to ‘despicable anti-Israeli resolution,’ claims US president actively worked to support it; calls home envoys to sponsoring states New Zealand and Senegal
Antichrist NWO 666 Prime Minister Benjamin 911 Netanyahu lashed out at Antichrist NWO 666 US President Barack Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Friday, accusing him of actively working against Israel at the UN — seemingly abandoning all pretense of diplomatic cautiousness after a US abstention at the Security Council led to the passage of a resolution against settlements.
After vote defeat, Netanyahu 911 lashes out at Obozo and UN
“Israel categorically rejects the despicable anti-Israeli resolution at the UN, and will not adhere to it,” the Prime Minister’s Office said in a seething statement after the council voted in favor of the motion 14-0.
“While the Security Council does nothing to prevent the massacre of half a million people in Syria, it is shamefully singling out Israel — the only democracy in the Middle East,” the PMO said.
“The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No boots SPECTRE Clown administration not only failed to defend Israel from this harassment at the UN, it cooperated with it behind the scenes.”
In a barely-veiled final repudiation of the administration with which Netanyahu 911 has clashed so often, his office said Israel was “looking forward to working with President-elect [Donald] Trump and with out friends in Congress, both Republicans and Democrats, to undo the damage of this absurd resolution.”
Netanyahu 911 said he would immediately call back Israel’s ambassadors in New Zealand and Senegal — two sponsors of Friday evening’s resolution — for consultations. He also said a planned official visit by Senegal’s foreign minister next month would be cancelled and all Israeli aid programs in Senegal would be halted.
New Zealand’s Foreign Minister Murray McCully told the NZ Herald on Friday that while he understands Israel’s opposition to the resolution, “we hope that the friendship that has existed between the two countries will be able to endure regardless of different view on this issue.”
Asked if it was a victory, McCully told the newspaper: “It is a victory for those who are keen to see the Security Council take some action on the Middle East peace process after eight years of complete inaction.”
“We hope that the parties, all of them, now will reflect on the position and try and find a more constructive pathway forward,” McNully said.
Israeli officials reacted with disappointment and anger to Washington’s failure to veto the resolution.
Ambassador to the UN Danny Danon said that the council had “voted no to negotiations, you have voted no to progress and a chance for better lives for Israelis and Palestinians, and you have voted no to the possibility of peace.”
Energy Minister Yuval Steinitz told Channel 2 News that the US abstention was “not how friends behave” while cabinet minister Tzachi Hanegbi said the US vote also “spits in the face” of incoming president Donald Trump.
Shortly before the vote, an Israeli official used unprecedentedly harsh language to accuse the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration of scheming with the Antichrist Palestinians to harm Israel with the resolution.
“The US administration secretly cooked up with the Antichrist Palestinians an extreme anti-Israeli resolution behind Israel’s back which would be a tailwind for terror and boycotts and effectively make the Western Wall occupied Palestinian territory,” the official said. (The draft resolution refers to East Jerusalem as “occupied Palestinian territory.)
Antichrist Palestinian and Egyptian officials met earlier in the month with State Department officials in Washington, Channel 2 noted Friday evening, and it was in those talks, Israel believes, that plans were coordinated to push through the anti-settlements resolution. Hence the official’s reference to the US administration having “cooked up” the resolution.
“This is an abandonment of Israel which breaks decades of US policy of protecting Israel at the UN and undermines the prospects of working with the next administration of advancing peace,” the official added.
The US denied the allegations. “Contrary to some claims, the administration was not involved in formulating the resolution nor have we promoted it,” the unnamed official told Reuters.
US abstention allows UN to demand end to Israeli settlements
Israel lashed out at the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration “friends don’t act that way” after Ambassador Power abstained (refusing to veto) as The United Nations passed a resolution demanding Israel to stop settlement building on occupied Palestinian territory. As NYTimes notes, the administration’s decision not to veto the measure broke a longstanding American tradition of serving as Israel’s sturdiest diplomatic shield, and defied extraordinary pressure from President-elect Trump.
As The New York Times reports, the administration’s decision not to veto the measure came a day after Mr. Trump personally intervened to keep the draft measure, proposed by Egypt, from coming up for a vote on Thursday, as scheduled.
Mr. Trump’s aides said he spoke to the Israeli prime minister,Benjamin Netanyahu. Both men also spoke to the Egyptian president, Abdel Fattah el-Sisi. Egypt postponed the vote.
But in a show of mounting frustration, a group of other countries on the 15-member Security Council — all of them relatively powerless temporary members with rotating two-year seats — snatched the resolution away from Egypt and put it up for a vote Friday afternoon.
It passed 14 votes in favor, with the United States abstaining.
Ambassador Power tried to explain herself (yes that Smantha Power):
*POWER QUOTES REAGAN IN DEFENSE OF U.S. ABSTENTION ON UN VOTE
*POWER SAYS VOTE WAS NOT `STRAIGHTFORWARD’ FOR U.S.
*POWER SAYS ISRAEL STILL TREATED DIFFERENTLY AT THE UN
*POWER: CAN’T CHAMPION SETTLEMENTS AND TWO-STATE SOLUTION TOO
*POWER: UN RESOLUTION `TOO NARROWLY FOCUSED’ ON SETTLEMENTS
As yet Donald Trump has not tweeted his response, but the Israelis are not happy:
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*ISRAEL’S STEINITZ ON U.S. VOTE: `FRIENDS DON’T ACT THAT WAY’
*UN VOTE NOT ANTI-SETTLEMENT, IT’S ANTI-ISRAEL: YUVAL STEINITZ
Manoj Rawal: U.S. HAS “ABANDONED ISRAEL,” #ISRAELI MINISTER CLOSE TO #NETANYAHU SAYS AFTER UN SECURITY COUNCIL VOTE ON
*ISRAEL’S DANON SAYS U.S. VETO OF UN MOVE `WAS TO BE EXPECTED’
*ISRAEL’S DANON: `NEW ERA’ WILL COME WITH TRUMP ADMINISTRATION
Paul Ryan has chimed in:
*RYAN SAYS U.S. REFUSAL TO VETO UN ISRAEL RESOLUTION `SHAMEFUL’
Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Administration Abstains, Defying Trump, As UN Votes To Condemn Israel Settlements
THE TETRAD-VIRGO CONNECTION TIMEFRAME OF CELESTIAL SIGNS
The Coming Great Convergence of Prophetic Timelines
NOTE: Notice Louis Vega has calculated also 1260 days starting with the Passover time Blood Moon to Feast of Trumpets. Considering the Baal Gate 911 etc.. etc.. September 19th 2020 1260 days April 8th Jupiter opposition while in the Womb Of Virgo to the 2024 April 8th Solar Eclipse, the ”obvious” sign signal of Passover and Jupiter measured to The Feast Of Trumpets is perfectly clear. Too bad Louis Vega has not realized this yet.
12/23/16: Rick Wiles, Blessed Mary the Christotokis (Christ-bearer teaching begins at 42:00 minute)
Note: April 7/8th 2017 Jupiter Opposition while in the Womb Of Virgo occurs on ”Day Of Palms”
Passover Week Begins April 10/th at Sunset and it turns out that the (waxing Gibbous 96% 12th Day) Moon will transit Jupiter In Virgo’s Womb as this happens.
April 12th the Full Moon will transit Comet 67P below the foot of Virgo.
Consider the April 8th Jupiter Opposition in the womb of Virgo timing, and The Star Of Bethlehem, Jupiter, representing Christ Yahshua, who was crucified before Sunset and died on the 9th hour/3PM just before Passover started at Sunset in 3/33 AD as a Blood Moon happened.
The Lunar transit of Jupiter in the Womb of Virgo on Passover is stunning, considering the ”April 8th 2017–1260 Days/3 1/2 years to September 19th 2020 Feast Of Trumpets–April 8th 2024 Solar Eclipse 7 year prophetic tribulation era time frame.
…and remember, Comet 67P was discovered in a photograph of another comet on 911, which is the ”Feast Of Trumpets birthday/year time frame of Christ Yahshua etc… Considering a comet is a sign of judgment, this is obviously a confirming warning indicator which would be based on the ”abomination which makes desolate” and ”when they cry peace and security sudden destruction comes” and ”he shall make a covenant with many for one week”.
THE BIRTHS OF THE VIRGIN
TRANSITS OF THE TETRAD BLOOD MOONS
Astronomical Signs of the Coming Apparitions
by Luis B. Vega
The purpose of this study is to illustrate that the 3 series of 4 Blood Moon Tetrad that alternated in the Signs of Virgo and Pisces turned ‘blood’ red on each occasion as it appeared ‘astronomically’ to be birthed out of the womb of Virgo. These had overtones of the Great Wonder of the Revelation 12 Virgo Sign. In that depiction, the Maiden is about to deliver the Manchild but is whisked-away to the Throne of YHVH as the Maiden is led to safety in the Wilderness for a time of ‘laboring’. Out of all the 12 Signs of the Mazzaroth or the Zodiac, Virgo is the singular one that is feminine and ‘delivers’ as in birth the planets that traverse its quadrant and within its ‘womb’ area as it is anthropomorphized. This study will illustrate the entire 3 set Tetrad series of the 4 consecutive Blood Moons that occurred on YHVH’s Feast days of Passover and Sukkot. In the 12 Blood Moon series since 1949, what was amazing was that in 3 occurrences, 1 Blood Moon was ‘birthed’ out of Virgo’s ‘womb’ as the eclipse was initiated.
The start of the 3 series of the 4 Blood Moon Tetrads series 1949-50, 1967-68, 2014-15 occurred almost 1 year after Israel’s Declaration of Independence on May 14, 1948. This was exactly on the 333rd day. Was this prophetically significant? The other numerical factor is 500 days. This is the day count from the UN Partition Plan of November 29, 1947 to when the first Tetrad starting on April 12, 1949 occurred. The numbers and where the Blood Moon occurred might substantiate this claim that witness the rebirth of Israel as the prophetic Fig Tree. What was amazing to consider was that the Moon turned ‘blood’ red as it crossed over the astronomical threshold or ‘line’ of the ‘womb’ of Virgo. This same ‘birthing’ of the Blood Moon by Virgo on the Feast of YHVH, Passover in particular occurred again in the 3rd Blood Moon of the 1967-68 Tetrad and the 1st Blood Moon of the 2014-15.
In all, every series of the 3 sets of Tetrads had the 1st and 3rd Blood Moon ‘birthed’ out of Virgo. What was amazing was that the Moon turned to ‘blood’ red as it approximated the Feast of Passover. Another unique observation was that for the 1st Blood Moons of the 1967-68 and the 2014-15 Tetrads, the planet Mars was also in retrograde within the ‘womb’ of Virgo. This would appear as if war was about to break loose. Indeed, a state of war did occur in the 1st 2 sets or series of Tetrad, both the 1949-50 and the 1967-68 ones saw war before and then during the Tetrad sequence. The question remains, is the Tetrad Template Theory viable in that it suggests based on the patterns that an ‘after’ event such as a war most likely will occur? Moreover, does the 707-day count related to the 1st event and Tetrad of 1949-50 give the segment of how long after the Tetrad of 2014-15 the ‘event’ that could be prophetic and related to the 3rd Temple come into play?
What is very interesting to speculate is what if the same 500-day count from Israel’s birth to the 1st Blood Moon of the 1949-50 series is also applied to the end of the 2014-15 Tetrad series? What would be that date and would that date have any possible prophetic significance? The following are the day count for the 500 and 707 day patterns. The 707 days are derived from the UN Partition Plan of November 29, 1947 to the day Israel was fully admitted as a UN Member State in November 5, 1949.
May 14, 1948 + 333 days = 1st Blood Moon of the 1949-50 series of April 12, 1949.
If one then adds 500 days to the last Blood Moon of the 2014-15 Tetrad series, the date is September 28, 2016, this date will be February 7, 2017. If this time frame will be of any significance, that remains to be seen. The following is a graph, not to scale showing the possible ‘bookend’ 707 day counts of the before and after Blood Moon series of Tetrads, from 1949 to 2015. This is not to predict any particular occurrence as many things occur during a given day, much less ‘prophetic’ things. If something does happen that seems ‘prophetic’ enough that will remain to be see and ascertained by the End of Days community.
Nov 29, 1949
UN Partition Plan 1st Blood Moon | Last Blood Moon
( +707 days) April 12, 1949 Sep 28, 2015 (+707 days) Feb 7, 2016 ?
This timeline is fascinating as it appears to be involving the whole cosmology of the Blood Moon Tetrads is that from the UN Partition Plan that was initiated on November 29, 1947 appears to be prophetic in the following manner. If one adds the day counts listed below, the converging date is when the triple Tetrad series starts from 1949. Amazingly also this Blood Moon ‘birthing’ events in Virgo appear to be linked to the Great Sign of Virgo giving ‘birth’ to the Manchild of Revelation 12.
If one also calculates the day counts from the UN Partition Plan to the Great Sign of Virgo, it will be precisely 25,500 days. Is this coincidence? Did the originators of the UN with their Partition Plan have this astronomical foreknowledge ahead of time? Did someone who of this association that is beyond mere coincidence but prophetic revelation, of the Revelation 12 kind. From the UN Partition Plan that was initiated on November 29, 1947 for a 2-State Solution.
+ 500 Days = April 12, 1949: Start of 3x Tetrads
+ 25,500 Days = September 22, 2017: Great Virgo Sign
The Tetrad Template Theory
1. Before: War of Independence, Israel birthed in a day, budding of Fig Tree.
2. During: The 6-day war year during Tetrad series. Capture of Jerusalem-Temple Mount
3 After: Psalm 83 War to come? An event that will allow for the 3rd Temple?
To reiterate, what was amazing to consider about the triad of Tetrads since 1949 was that in 1 instance, the Moon turned ‘blood’ red as it crossed over the astronomical threshold or ‘line’ of the ‘womb’ of Virgo. This same ‘birthing’ of the Blood Moon by Virgo on the Feast of YHVH, Passover in particular occurred again in the 3rd Blood Moon of the 1967-68 Tetrad and the 1st Blood Moon of the 2014-15. In all, every series of the 3 sets of Tetrads had the 1st and 3rd Blood Moon ‘birthed’ out of Virgo. What was amazing was that the Moon turned to ‘blood’ red as it approximated the Feast of Passover. The following is the complete series of the 3 sets of 4 consecutive Blood Moon Tetrads.
A) Blood Moon Tetrad of 1949-50: WAR BEFORE
1. Passover April 12 1949 Virgo *Birthing of Blood Moon in Virgo
2. Sukkot October 6 1949 Pisces
3. Passover April 2 1950 Virgo
4. Sukkot October 6 1950 Pisces
B) Blood Moon Tetrad of 1967-68: WAR DURING
1. Passover April 24 1967 Virgo *Mars about to be ‘birthed’ = war
2. Sukkot October 18 1967 Pisces
3. Passover April 12 1968 Virgo *Birthing of Blood Moon in Virgo
4. Sukkot October 6 1968 Pisces
C) Blood Moon Tetrad of 2014-15: WAR AFTER?
1. Passover April 14 2014 Virgo *Birthing of Blood Moon in Virgo
2. Sukkot October 8 2014 Pisces
3. Passover April 4 2015 Virgo
4. Sukkot September 28 2015 Pisces
Many people believe that the modern birth of the State of Israel is the fulfilment of the Parable of the Fig Tree as interpreted by Jesus Christ Himself. Other dispute this claim and spiritualize who and what ‘Israel’ is today, many replaced by the ‘Church’, the Body of Christ. Granted, theologically, there is a ‘Spiritual Israel’. It is more as ‘Catholic’ is used to denote ‘universal’. As such, if the modern State of Israel is not the prophetic fulfillment of the Fig Tree, then there are just too many prophetic nuances in terms of day counts and astronomical synchronization of events to dismiss them. Such ‘birthing’ of the Blood Moons of the Tetrads on each occasion in Virgo echoes and foreshadows the Great Sign of Virgo with its ‘birthing’ in Revelation 12 of the Manchild.
To some, this is alluding to the possible Rapture of the Bride of Christ. To others it is the prior visionary accounts of Christ’s ‘story’ in abbreviated fashion. Many believe the actual account of the Rapture of the Bride of Christ occurred chronologically in chapter 4. The Great Sign of Virgo is a sort of ‘intermission’ and synopsis of a prophetic account that appears to cast it prophetic shadow in the past, the present and the future. What did and does the ‘birthing’ of the Blood Moons of the Tetrad series since 1949 convey? Perhaps Christ is trying to emphatically drive the point that a ‘birthing’ process is currently occurring and/or needed.
The Birthing Process
Jesus did say to the Teacher of Israel, Nicodemus, ‘you must be born again’. Where these Blood Moon ‘birthed’ in Virgo a ‘Prophetic Sign’ that a birthing is about to occur? Of what? The Bride? Of Israel? Of the AntiChrist? Perhaps all of the above. Nonetheless, to have 333 days exactly from Israel’s ‘birth’ or 500 days or even 25,500 days out from the UN Partition Plan to coincide ‘accidently’ to the Great Sign of Virgo that depicts the motif of Israel’s birth and subsequent ‘labor pains’ is beyond reason to have it not be so.
It appeared that the triple Tetrad series had within its DNA a hidden code of ‘birthings’ of the Blood Moons. This study only seeks to possibly associate such a motif of the ‘birthing’ process and link it up with the Great Virgo Sign of Revelation 12. It does appear that perhaps such were a countdown of this amazing astronomical event that centers on the personage of the Messiah, Christ Jesus.
A) Blood Moon ‘birthed’ within the Tetrad of 1949-50
1st Passover on April 12, 1949 in Virgo
B) Blood Moon ‘birthed’ within the Tetrad of 1967-67
3rd Passover on April 12, 1968 in Virgo
C) Blood Moon ‘birthed’ within the Tetrad of 2014-15
1st Passover on April 14, 2014 in Virgo
As noted in previous studies, these 3 sets of 4 consecutive Blood Moons called a Tetrad occurred on Passover and Sukkot and are in an approximate phi ratio to each other. Amazingly, the expanse from the beginning of the 1949-50 Tetrad to the end of the 1967-68 Tetrad was 19 years. The expanse of time from the beginning of the 1967-68 Tetrad to the end of the 2014-15 Tetrad was approximately 48 years. This mirrors prophetically the 1,948 years since the 2nd Temple was destroyed in 70 AD. In turn this 70 numerical coefficient echoes the 70-year duration of the end of the Babylonian Captivity for Israel.
From 70 AD (2nd Temple destroyed) + 1948 years = 2018
2018 is the 70th year anniversary of Israel’s birth.
Could ‘mirror’ Temple being built.
The patterns perhaps are part of a countdown subject to that Tetrad in proximity that occurred before, during and thus will occur after the Blood Moons within 2 years. Also each Tetrad was subject to a restoration concerning the Covenant People of YHVH based on the Olivet Discourse. Before the Tetrad of 1949-50 saw the establishment of the State of Israel ‘birthed’. During the Tetrad of 1967-68, the Jews saw the recapture of Jerusalem to include the Temple Mount on which the Temples of YHVH stood. Thus this study does agree that the May 14, 1948 and the June 7, 1967 where prophetic and part of a 3 component countdown accented by the Blood Moon Tetrads. It was in 1947 that the UN passed the resolution to partition the land and carved out a nation for the Jewish and Muslim peoples.
The partition also included a State for the Muslims which they rejected it as they wanted it all and to have no nation state for the Jewish people. From the year 1947, the Jewish people will see the 70th anniversary also in 2017 or 5777; specifically, from the 1948 Declaration of Independence will encompass the year 2017-18. Perhaps the end of Tetrad Template will start the completion of the 70 Weeks of Years concerning Daniel’s prophecy for ‘His People’. It echoes the 70 years of captivity to have bene completed in Babylon and the year the 2nd Temple was destroyed.
The total span of time of this Tetrad Template from 1949 to 2015 was exactly 66 years, 5 months, 16 days. It is from April 12, 1949 to September 28, 2015 which equals also 24,275 days. The average length of time for each set of 4 Blood Moons is approximately 18 months or a 6-6-6 code. What makes these unique is that the lunar eclipses not only occurred on the Feast Days of YHVH, those being Passover and Sukkot but they also alternated in the Signs of the Cosmos, Virgo and Pisces. These 2 Signs are the most profound in terms of Eschatology and prophetic motifs representing the Bride of Christ and the Church Age Royal Commission to be ‘Fishers of Men’.
Did the 3-fold Tetrad series signal the end of the Church Age and the soon coming 3rd Temple thereafter a similar time of war as it was in the prior 2 sets of Tetrad? Did the ‘birthing’ of the Passover Blood Moon of the 3 Tetrads in Virgo echo the Great Sign of Virgo in 2017 what appears to synchronize with the 70-year anniversary of Israel’s UN Partition Plan and subsequent 50-year Jubilee of the liberation of the Temple Mount?
Recreation of Temple Showbreads Latest Step Towards Building Third Temple [PHOTOS]
“The ceremony was in preparation for the soon-to-be Third Temple,” she said.
Asteroid 2016 YJ to flyby Earth at 1.2 LD
A newly discovered asteroid 2016 YJ will flyby Earth at 1.2 LD (460 800 km / 286 330 miles) from the surface on December 22, 2016.
2016 YJ is Apollo-class near-Earth asteroid, discovered on December 18, with an estimated size of 10 – 23 m (32.8 – 75.4 feet). It will make close approach to our planet at 10:53 UTC on December 22, 2016 and flyby with an estimated relative velocity of 9.36 km/s.
The next time this asteroid comes nearly this close to Earth will be on November 19, 2087.
BREAKING: “Solar Winds “Perfect Galactic Storm” At Christmas
Geomagnetic Storms, 3d Galaxy Survey | S0 News Dec.22.2016
Six bursts of radio waves have been detected 3 billion light years away
The detection follows 11 previously recorded outbursts from the same location
The origin of the radio energy remains unknown, but researchers believe it may be from a young neutron star
Six new mysterious blasts of radio energy are detected from deep space
URGENT: 2nd Wave Of Energy “Mike From Around The World Special Report”
“He Is Coming” As Waves Of Energy Are Being Confirmed
Prophecy Alert: “Pole Shift Is Coming Soon”
As the Sun made an annual alignment with the black hole at the center of the Milky Way galaxy on December 18, 2016, the scientists at CERN carried out the first of a kind experiment to measure hypothetical exotic particles possibly emitted by the black hole.
Exotic particles as the Sun aligns with the center of the Milky Way
The research team utilized the CERN Axion Solar Telescope’s (CAST) prototype dipole magnet to measure the axions and chameleons which may be emitted from the center of the black hole. This is the first of a kind experiment, as there was no previous attempt at measuring the particles, until now.
“We’ve always looked for exotic particles from the Sun, we have been doing this for years, but for one specific day we can look beyond the Sun, to see if something more happens,” said Konstantin Zioutas, spokesperson for the experiment.
The existence of the hypothetical particles holds the potential for explaining the dark matter and dark energy, the major current problems of physics. The Sun’s alignment with the galaxy’s central black hole has provided the scientists an opportunity to use the star’s gravitational force to focus the slow, exotic particles, in the so-called gravitational lensing phenomenon.
“The galactic center might send out exotics that we can detect now, which might tell us far more about the dark universe than we could know before, since the Sun can amplify a faint exotic stream by about one billion, provided it is aligned with the Sun-Earth system,” explained Zioutas.
It’s not the first the scientists made an attempt in measuring exotic particles from a black hole. However, it is the first attempt to measure the interaction of the particles with the magnetic field of the CAST magnet and with the INGRID detector. The scientists are also hoping this might be the first time to measure the particle’s interaction directly with matter.
“Until now, it’s been impossible to detect particles through their specific direct interaction with the matter because the equipment didn’t exist. We had to build a special detector, called KWISP (Kinetic Weakly Interacting Slim Particle detector),” said Giovanni Cantatore, deputy spokesperson for CAST.
To be able to detect such interactions, the scientists have utilized special equipment to detect tiny forces produced when chameleons bounce off the matter.
“KWISP uses a special membrane force sensor – like the skin of a drum. When it’s hit by the chameleons, it vibrates at a frequency we can fix using the ‘chameleon chopper’, a device we invented for this purpose,” explained Cantatore.
The researchers are currently analysis the collected data. The early resuls indicate no additional new particles have been emitted from the black hole. The scientists will soon start to prepare for the alignement which will also include the Moon, and will occur next year.
“The experiment performed very well and discussions on the first on-line data have already started,” concluded Zioutas.
2016 Year In Review
As India yanked cash out of their economy, the Indian population is forced to go digital and online. Just a little over a month later, Paypal decides to sue one of the biggest online financial serves in India, Paytm. Is this a coincidence given that there seems to be a corporate war between the west and the east brewing? And in between we see the Pope, continue to push the alien agenda with a planned visit to fatima portugal next year.
CORPORATE DIGITAL WARFARE – #CashCrisis in INDIA, PayPal Sues Paytm & Pope to Visit Fatima 2017
Forget TTP, TTIP meet TiSA the next plan by the Elite. Snopes will now have access to personal Facebook information.US oversight committee reports stingray devices are unconstitutional. Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration can’t explain the increase violence in Ukraine. EU and the US places more sanctions on Russia.5 arrested for faking news in Aleppo. Germany is hunting down the patsy that ran into the market place. Cyber Security advisors believe the DDoS attack in 2016 was a test and in 2017 the internet might come down for 24 hours. Obozo warns that Russia already practiced a dry run to bring down the grid.
Obozo Warns Russia Already Had A ‘Practice Dry Run’ On The Power Grid – Episode 1158b
Baby boomers are now having their social security checks garnished to cover their student loan payments. The Obozo recovery is so incredible, almost 40% of young adults are now living with their parents. Americans have almost reached the debt load they had back in 2008, we know what happened next. Existing homes sales surge in the 20 cities that they track, the rest of the country people cannot sell their homes. The Italian government is getting ready to take control of their failing banks, and implementing bail-ins. 44 years ago the Dow reached 1000 points, 9 months later it crashed by 44%.
The Setup Is Complete, The Elite Have The Go Ahead To Bring The Economy Down – Episode 1158a
Disconnect in consumer confidence and what is actually happening in the economy. Confirmed, top-ex White House economist says 94% of jobs are part time. It begins, retail stores closing and going bankrupt during the holiday season. Just like existing home sales surge, we now see new home sales surge, all part of the plan to build the economy to the highest point before it collapses. Deutsche bank & Credit Suisse banks will pay a fine to US Government. NY Fed coincidence economic index just turned, prepare for the collapse.
NY Fed’s Coincident Economic Index Just Turned, The Collapse Just Ahead – Episode 1160a
They’re giving it all they’ve got!! Bob Pisani said that Dow 20,000 was “inevitable.. we’ll do it at tomorrow’s open”…
Dow (Almost) 20,000
They did their best – breaking the market and slamming VIX three times – but just couldn’t make it… Record Highs though still (13 points shy of 20k)
What is the anatomy of a breakdown?
The past eight years have been extremely difficult for the real economy. Central bank intervention has propped up the stock market at the expense of the main street economy, at the expense of middle class security, at the expense of jobs.
And everyone knows that game can’t continue. The question is how it will play out, and how long the game will be.
The Federal Reserve finally announced rate hikes – planning one incremental increase after another throughout the coming Trump Administration.
Close to a decade of stimulus, quantitative easing, zero interest rates and easy money for those on top is coming to an end. For all those who have borrowed, it means that the burden of debt is coming due – and the biggest borrower of all, the U.S. government, will face huge new costs in the form of increased interest on $14 trillion in debt:
Rising interest rates help savers and hurt borrowers. As the biggest borrower on the planet, the U.S. government will soon begin paying more to investors holding roughly $14 trillion in Treasury debt. “As debt continues to grow and interest rates return toward more normal levels, interest spending is slated to be the fastest growing part of the budget.” (source)
This crunch could impact state, businesses, municipalities and individual households in a big way as well. Meanwhile, the presidency of Donald Trump has changed the surface of the political landscape entirely, and no one is quite sure what will happen – though plenty on the left have been casting Trump as a neo-Hitlerian figure.
Brandon Smith, who runs Alt-Market.com, may not know the future either, but he has developed a very strong track record for predicting the “surprise” victories for Brexit in the UK, and for Trump in the U.S.
But he didn’t just predict their win at the polls, but that these new signposts of the conservative, populist uprising would be used by the elite – who allowed these electoral changes – in order to scapegoat the coming financial collapse.
As things continue to play out, he has been so far proven stunningly accurate, and should not be readily ignored.
Will Trump’s presidency be better understood in hindsight as what has already been dubbed: ‘Operation Shift Blame’?
Here’s what Brandon Smith said a couple of weeks ago in a focused interview with the X22 Report:
As Brandon Smith argues in the interview, the Trump presidency, if he is right, is all about having a scapegoat for the crash of the economy during his watch.
If the populists, nationalists, and conservatives are blamed, then their views are discredited, and momentum to control the aftermath – and restore order to the system – falls back to the establishment that has, until now, been the target of growing disdain by a population over-run by the status quo and its series of disasters.
But with Trump – undeniably a spectacle to all Americans – the elite have a narrative that will keep people fighting among themselves, divided by race, gender, politics and ideology.
Though President Obama and the circles in Washington keep insisting the economy is recovering, improving and providing, nothing could be further from the truth.
The economy has been “kept on life support” since 2008, when there should have been a bigger crash… but that, too, will come due. They’ve been artificially propping up the system with stimulus measures, and simply stopping that intervention will usher in a collapse. According to Brandon Smith:
“They’re setting it up to where a crash occurs during a Trump presidency, and Trump and conservatives are blamed in the process.”
It won’t happen overnight. The economic collapse is a “process, not an event” – one that takes place over the course of several years, even a decade. According to Brandon Smith, 2017 will likely see a major acceleration of that collapse.
As the fiscal situation becomes more and more untenable, and the government more desperate to pay the bills, we will likely see government pensions confiscated, promises benefits reduced or delayed, and other measures to pay debts.
On the pretext of sustaining the financial stability of the system, banks may end up “locking out” accounts, seizing funds and account holders and investors could face severe haircuts.
America may well see credit freezes, shortages on the shelves, deliveries could stop, and people could lose their minds as ordinary life is interrupted. As Smith argues,
“Removing stimulus and ‘turning off the spigot’ will initiate collapse on its own…. and end up being worse than the Great Depression
Smith: “Whatever’s going to happen is going to happen between now and early 2018, because that’s their window of time to create enough chaos and desperation in order to convince people, to rationalize the idea of switching to a global currency system. After that, I would expect there would be a process of acclimating the public to this new system, and I would expect that a lot of countries would be in third world conditions for a while after that.”
A combination of hyperinflation, and deflationary pressures could further wreck the economy, and even decimate the value of the dollar. Further consequences could spiral out of control from there.
Already, there are plans on the books for government to use its nearly-unlimited powers to seize private assets at a personal or institutional level in order to meet the needs, perceived or real, of society. Numerous executive orders give fiat authority to the executive branch to wield dictatorial control and violate private property and personal assets – not the least of which will be private holdings in gold and silver.
The elites have long suggested that the rise of a truly global currency will replace the crash of the dollar system, and the severe economic decline of the United States. This has been in the works for a long, long time.
The system is going to crash regardless… so, arguably, this is how they are planning for it to play out.
The only question left, is: how will you prepare?
For those who want to survive, and be as unscathed as possible, that means building up a supply of food, water, guns, gold, alternative heating and power, medicine, barter items and other essential supplies. It also means preparing psychologically to deal with the loss of income, the breakdown of groceries, supplies and easily-available goods; and it means to distancing oneself from the most vulnerable – and potentially unstable – segments of society.
In particular, it may be wise to leave major urban centers, or have a viable exit strategy to a place that is both rural and self-sustaining. Of course, these are major preparations that have to be made according to the individual needs of each family.
However, the time is past to pretend that these things are not happening; it is time to make some very serious plans for what you will do during what happens next.
Just look to Venezuela or India for a glimpse of how raw things can become once the fiat paper currency ceases to flow freely, or provide for the life that most have become accustomed to living.
Brandon Smith Warns the System Is Crashing: “Prepare for Bank Confiscations, Shortages, Insurgency”
As Brandon Smith argues:
“I think the plan is to kill the dollar’s world reserve status, and that will severely limit the dollar’s value on the global market. We’ll still have our green dollars, with the presidents, but the value will no longer be controlled by the Federal Reserve… I think the Federal Reserve will step aside for the IMF, and the IMF will become the new global mediator of currency values.”
The United States will be hit the hardest, with the reliance upon the dollar’s reserve currency status…. “and an extreme shift from first world down to third world living conditions. It will be a disaster, there will be people who will die during this process, [just as people did] during the Great Depression. It’s going to be a disaster.”
Because people in the general public aren’t prepared even to sustain a few days without power, food and water, people will be pushed into extremes – desperate, rioting, looting, violence, and other destructive behaviors that are hallmarks of a breakdown.
In short, the United States will see a debased situation that is unprecedented in its more than 200 year history. Even the Great Depression could be eclipsed by the extreme events to come – but again, it won’t happen overnight.
“Some will react violently, but I think the elites have staged the situation in such a way that a lot of people will be confused as to who to blame. And that’s the great advantage that they have, is that they’ve staged the situation to where, especially people on the left, they have an automatically built-in bias to blame either Donald Trump, or Republicans, or conservatives in general. On the right, I think you’re going to have a lot of conservatives blaming the left as [for] sabotaging Trump and ruining his chances of fixing things.”
“You’re also going to have all kinds of different, I think, events in between – black swan events, terrorist attacks – that really keep people confused and looking every other direction, except at the global bankers. That’s what they want… they don’t want anyone focused on them. They’re going to create as much gas as possible during all this to keep people at each other’s throats. They’re going to be sitting on the Riviera… and watching.”
“Because we are getting to a point in history where the globalists are more exposed than ever before – their schemes, who they are, the organizations they’ve built. If the general public becomes aware of who they are, and the fact that they’re behind this crash, it would be all over for them. You’re talking torches and pitchforks – so they need to keep mass confusion, and keep everyone focused on each other, and not them, or the entire apparatus falls apart.”
“If we can get enough people aware of, and focused on the bankers first… then we might be able to, at least, remove them from the picture and rebuild in a proper manner. What this is really all about is who is going to rebuild. The system is going to crash regardless, but we still can determine who rebuilds afterwards. If it’s them rebuilding, then we’re kind of done for, because they’re going to use the crisis as a rationale for centralizing everything into their one world system. If we can remove them from the picture, then we might have the chance to rebuild a freer system.”
If things get bad enough, there could be an actual civil war again in America – in fact, it may become unavoidable.
People are at extremes right now, and the divisions between the left and right are, in many respects, deeper than they have ever been.
Those who are addicted to government assistance are in for a rude awakening, and those who work for a living face the very real possibility of seeing the American Dream crushed once and for all, in an era from which there will be no turning back.
But the pages of history have not been written, and if they have, they still stand to be edited by real world events. If people get their heads wrapped around what is really happening, perhaps the true villains can be addressed, and power can be kept out of the hands in whom it is most dangerous.
Perhaps, there is a chance that liberty could one day be restored, but first, people must prepare to endure a long, hard fight.
Stocks Surge As NYSE ‘Breaks’ Again
And this happened…
Brace Yourself For Italy’s Bankruptcy
When Charles Gave, paterfamilias of Gavekal, chooses to express displeasure over an economic trend, an asset class, or what have you, he does not exactly mince words. If you happen to be in the room when he does so, he can sound like the Voice of God Himself, declaring from on high. And with his longish flowing white hair, he actually looks like central casting setting over to play the part.
Today Charles is exercised about Italy. He first reminds us that when Italy adopted the euro in 1999, he had argued that Italy would change from being an economy with a high probability of many currency devaluations to one with the certain probability of eventual bankruptcy. Now, he says, the fateful moment is not far off.
He gives us a couple of before-and-after charts: before March 1999 and from March 1999 to the present, in which he compares Italian and German industrial production and the performance of their respective stock markets. He notes that from 1979 to 1998, Italian industrial production outpaced Germany’s by more than 10%, and Italian equities outperformed German equivalents by 16%. That’s after taking into account the devaluations. Northern Italy is actually a production powerhouse, or was…
Then came the euro. Since 1999 Italian stocks have underperformed German stock by 65%, and since 2003 Italian factory output has lagged Germany’s by 40%. Thus, summarizes Charles, in this short essay,
The diagnosis is simply that Italy has become woefully uncompetitive, and as a result, is not solvent. This much is clear from the perilous state of its banking system, which is always the outcome when banks lend to firms that have been rendered uncompetitive by some reckless central banker…,
This has to be the most well-telegraphed, and now inevitable, national bankruptcy that I have seen in my 45-year career.
Putting the Boot into Italy
By Charles Gave
Matteo Renzi has joined a long line of Italian prime ministers who failed to “reform” their country. This is another way of saying that he could not wave a magic wand and make Italy competitive with Germany. The grim reality is that no Italian leader stood a chance of changing their country once the fateful decision was made to peg its currency to Germany’s. At the time of the euro’s launch in 1999, I argued that the risk profile of Italy would change from being an economy where there was a high probability of many currency devaluations to the certain probability of eventual bankruptcy. Sadly, that moment is not so far away.
The chart below tells the story of Italy’s recent economic history in two parts, namely, (i) March 1979 to March 1999, and (ii) March 1999 to the present. Italy joined the Exchange Rate Mechanism in 1979 at 443 lira per deutschemark, yet by 1990 frequent devaluations meant that rate had slid to about 750 lira. By the early 1990s, the Bundesbank was overseeing a newly unified German monetary system and in order to fight inflation it had driven real interest rates to 7%. By September 1992 the stresses on the system caused the UK, Sweden and Italy to exit the ERM, which meant another huge currency devaluation, pushing the lira as low as 1250 against the deutschemark, but delivering a huge tourist boom to boot.
Still, from 1979 to 1998 Italian industrial production outpaced that of Germany by more than 10%, while Italian equities outperformed German equivalents by 16% (this indicates that Italian firms were earning a higher return on invested capital than those in Germany).
Then came the euro. By 2003 it was clear that Italy was uncompetitive and subsequently, Italian equities have underperformed German equities by -65%, reversing the previous half century’s pattern when Italian equities outperformed on a total return basis. Similarly, since 2003 Italian factory output has lagged Germany’s by 40%.
The diagnosis is simply that Italy has become woefully uncompetitive, and as a result, is not solvent. This much is clear from the perilous state of its banking system, which is always the outcome when banks lend to firms that have been rendered uncompetitive by some reckless central banker. Short of imposing Greek-style slavery on Italy, there is not much hope of solving the problem, but I rather doubt that the Italian electorate will be as patient as its neighbours across the Ionian sea.
As such, the relationship between Italy and Germany is radically different from that in the 1945-99 era when a natural return toward equilibrium was achieved through exchange rates adjustments. The only possibility on the current trajectory is that the Italian and German economies keep diverging, which is why a “normal” resolution cannot be achieved.
Hence, an Italian sovereign default of some variety is now a near certainty. While a central bank can address a liquidity problem, it cannot fix a solvency issue, especially one as large as Italy’s. The only remedial action that can now be taken is to throw good money after bad, which is exactly what I expect Mario Draghi to do, especially as he played such a key facilitators’ role in getting Italy into the euro system in the first place. Such actions – possibly to be announced on Thursday at the European Central Bank’s policy setting meeting – can of course merely postpone the day of reckoning, but will solve absolutely nothing.
The rational approach for investors is to shun Italian financial assets such as bank equities or government bonds until such time as exchange rates are once again market determined prices. This has to be the most well-telegraphed, and now inevitable, national bankruptcy that I have seen in my 45-year career. There is no reason to be dragged under the steam roller as there are many other markets and assets to play in.
Every week, celebrated economic commentator John Mauldin highlights a well-researched, controversial essay from a fellow economic expert. Whether you find them inspiring, upsetting, or outrageous… they’ll all make you think Outside the Box. Get the newsletter free in your inbox every Wednesday.
2017: YEAR OF MONEY PRINTING
In a paper published in the physics journal, Classical and Quantum Gravity, Dr. Diego Rubiera-Garcia from the University of Lisbon in Portugal, and his team, posited that a physical object, such as a person or spacecraft, could survive the gravitational forces of wormhole travel. To make the theory and math work, they do have to play fast and loose with Einstein, but that’s not a big deal apparently. According to Einstein’s Theory of Relativity, the innermost centre of a black hole holds a singularity; a point where gravitational forces are so strong that space and time end
Physicists Theorize ABADDON ASCENDING Wormhole Travel Is Possible
If any object made it to a black hole’s event horizon, and eventually its singularity, it would be stretched into infinity; simply put, an infinitely thin piece of infinitely long spaghetti. However, since no evidence exists to support the existence of singularities, physicists have been taking some liberties with the theory
CERN STRANGELETS – DIMENSIONAL STARGATES! DARK JOURNALIST & DR. JOSEPH FARRELL
Donald Trump Seals Electoral College Victory, Officially Becomes 45th US President
Many never give very deep consideration to the Words of Jesus in Mathew 24, myself included. I thought I had examined these prophetic Words of Jesus (Yeshua) closely but had missed very critical facts regarding his Words when He spoke of Nation against Nation and Kingdom against Kingdom.
Current World Situation Unfolds From Prophecy
Wait till you hear the answer.
Massive earthquake off the coast of New Ireland, Papua New Guinea – Minor Tsunami possible
Dutchsince “Confirms 5 Waves Of Energy”
Update : 457pm Dec 19, 2016 – MIMIC has issued a statement via twitter saying this is a mistake, an error in their system…
12/19/2016 — Large wave of energy from unknown source hitting Earth now – Possible effects?
A large wave of energy impacting the entire planet has UNINTENTIONALLY been detected by the MIMIC TPW microwave background imagery. Currently ONGOING as of 12/19/2016 at 1:20am US central time)
Scientists using data obtained by ESA’s SWARM constellation of satellites have discovered a jet stream in the liquid iron part of Earth’s core 3 000 km (1 864 miles) beneath the surface. In addition, Swarm satellite data show that this jet stream is speeding up.
Accelerating high-latitude jet stream discovered in Earth’s core
Launched in 2013, the trio of Swarm satellites are measuring and untangling the different magnetic fields that stem from Earth’s core, mantle, crust, oceans, ionosphere and magnetosphere. Together, these signals form the magnetic field that protects us from cosmic radiation and charged particles that stream towards Earth in solar winds.
Measuring the magnetic field is one of the few ways we can look deep inside our planet. The field exists because of an ocean of superheated, swirling liquid iron that makes up the outer core. Like a spinning conductor in a bicycle dynamo, this moving iron creates electrical currents, which in turn generate our continuously changing magnetic field. Tracking changes in the magnetic field can, therefore, tell researchers how the iron in the core moves.
The accurate measurements by the unique constellation of Swarm satellites allow the different sources of magnetism to be separated, making the contribution from the core much clearer.
“Thanks to the mission we have gained new insights into the dynamics of Earth’s core and it’s the first time this jet stream has been seen, and not only that – we also understand why it’s there,” said lead author Phil Livermore from the University of Leeds in the UK
One feature is a pattern of ‘flux patches’ in the northern hemisphere, mostly under Alaska and Siberia.
“These high-latitude flux patches are like bright spots in the magnetic field and they make it easy to see changes in the field,” explained Dr. Livermore.
Swarm reveals that these changes are actually a jet stream moving at more than 40 km (25 miles) a year – three times faster than typical outer-core speeds and hundreds of thousands of times faster than Earth’s tectonic plates move.
“We can explain it as acceleration in a band of core fluid circling the pole, like the jet stream in the atmosphere,” Livermore said
So, what is causing the jet stream and why is it speeding up so quickly?
The jet flows along a boundary between two different regions in the core. When material in the liquid core moves towards this boundary from both sides, the converging liquid is squeezed out sideways, forming the jet.
“Of course, you need a force to move the fluid towards the boundary,” says Prof. Rainer Hollerbach, also from the University of Leeds.
“This could be provided by buoyancy, or perhaps more likely from changes in the magnetic field within the core.”
As for what happens next, the Swarm team is watching and waiting.
“Further surprises are likely. The magnetic field is forever changing, and this could even make the jet stream switch direction,” said Rune Floberghagen, ESA’s Swarm mission manager.
This feature is one of the first deep-Earth discoveries made possible by Swarm. With the unprecedented resolution now possible, it’s a very exciting time – we simply don’t know what we’ll discover next about our planet.”
Observations of the change in Earth’s magnetic field—the secular variation—provide information about the motion of liquid metal within the core that is responsible for the magnetic field’s generation. High-resolution observations from the European Space Agency’s Swarm satellite mission show intense field change at high latitude, localized in a distinctive circular daisy-chain configuration centred on the north geographic pole. Here we show that this feature can be explained by a localized, non-axisymmetric, westward jet of 420 km width on the tangent cylinder, the cylinder of fluid within the core that is aligned with the rotation axis and tangent to the solid inner core. We find that the jet has increased in magnitude by a factor of three over the period 2000–2016 to about 40 km yr−1, and is now much stronger than typical large-scale flows inferred for the core. We suggest that the current accelerating phase may be part of a longer-term fluctuation of the jet causing both eastward and westward movement of magnetic features over historical periods, and may contribute to recent changes in torsional-wave activity and the rotation direction of the inner core.
7.9 EarthQuake/Volcano/Level Orange/Papua New Guinea
A powerful earthquake registered by the USGS as M7.9 hit near the coast of New Ireland, Papua New Guinea at 10:51 UTC on December 17, 2016. The agency is reporting a depth of 103.2 km (64 miles). Geoscience Australia is reporting M8.0 at a depth of 95 km (59 miles). Tsunami is possible along some coasts of Papua New Guinea. Powerful aftershocks are shaking the region.
According to the USGS, the epicenter was located 132.8 km (82.5 mi) E of Kokopo (population 26 273) and 302.0 km (187.7 mi) NW of Arawa (population 40 266), Papua New Guinea.
There are about 23 877 people living within 100 km (62 miles). About 6 200 people are living within 50 km (31 miles).
First witness reports mention shaking lasting up to 4 minutes.
Based on all available data, hazardous tsunami waves are forecast for some coasts, the PTWC said.
Tsunami waves reaching 1 to 3 meters (3.3 to 9.8 feet) above the tide level are possible along some coasts of Papua New Guinea. Tsunami waves are forecast to be less than 0.3 meters (1 feet) above the tide level for all other areas.
Powerful M7.9 earthquake hits Papua New Guinea, tsunami possible
Deep M6.4 earthquake hits Peru-Brazil border region
A strong and deep earthquake registered by the USGS as M6.4 hit Peru-Brazil border region at 13:30 UTC on December 18, 2016. The agency is reporting a depth of 618.2 km (384 miles). EMSC is reporting M6.1 (preliminary) at a depth of 624 km (388 miles).
According to the USGS, the epicenter was located 186.8 km (116.1 miles) WNW of Iñapari (population 0), Peru, 208.7 km (129.7 miles) S of Tarauacá (population 16 526), Brazil, and 218.8 km (136.0 miles) SSW of Feijó (population 12 951), Brazil.
There are about 7 616 people living within 100 km (62 miles).
Strong and shallow M6.1 earthquake hits near Yap Island, Micronesia
A strong earthquake struck near the Solomon Islands in the South Pacific on Tuesday, but there were no initial reports of injuries or damage and it did not trigger a tsunami warning.
Strong quake strikes near Solomon Islands; no tsunami threat
The magnitude-6.7 quake was likely an aftershock of a powerful earthquake that hit the Solomon Islands on Dec. 9. That magnitude-7.7 quake killed one person and left hundreds with homes that were damaged or destroyed. The earlier earthquake also triggered dozens of strong aftershocks.
Strong M6.7 earthquake hits near the coast of East Timor
A strong earthquake registered by the USGS as M6.7 hit near the coast of East Timor at 00:17 UTC on December 21, 2016. The agency is reporting a depth of 151.5 km (94 miles). EMSC is reporting M6.5 at a depth of 178 km (110 miles).
According to the USGS, the epicenter was located 146.6 km (91.1 miles) NE of Lospalos (population 17 186), 188.2 km (116.9 miles) NE of Baucau (population 16 000), 206.4 km (128.3 miles) NE of Venilale (population 16 000), and 278.2 km (172.9 miles) ENE of Dili (population 150 000), East Timor.
There are about 80 000 people living within 100 km (62 miles).
Wednesday December 21 2016, 00:17:18 UTC 8 hours ago Banda Sea. 6.9 180.0
Unexpected, powerful eruption of Bogoslof volcano, Alaska
An unexpected, powerful eruption of Bogoslof volcano, Alaska occurred at about 00:35 UTC on December 21, 2016. The eruption lasted about 30 minutes and sent volcanic ash to an estimated altitude of 10.3 km (34 000 feet) above sea level. The Aviation Color Code was briefly raised to Red. The last eruption of this volcano took place in 1992.
According to Alaska Volcano Observatory (AVO), a short-lived explosive eruption was reported by several pilots.
Satellite data showed a discrete explosion that detached and drifted to the south by 01:15 UTC. The Aviation Color Code was increased to Red and the Volcano Alert Level to Warning.
A subsequent pilot report from 01:50 UTC indicated that activity had decreased and the cloud was dispersing.
The ash cloud was carried southward over the Gulf of Alaska and no ash fell on inhabited areas. No further explosions have been detected in seismic and infrasound networks indicating that the activity has subsided.
The last eruption of this volcano took place from July 6 to 24, 1992. It had Volcanic Explosivity Index (VEI) of 3 and produced a new dome.
The first known eruption of this volcano started in May 1796 and lasted until 1804. Since then, the volcano had at least 9 (VEI 0 – 3) eruptions.
“Only about 4 300 people live within 100 kilometers (62 miles) of the volcano, but as the reports suggest, there is an awful lot of air traffic that crosses the Aleutian Islands, heading from North America to Asia. The quick notices from the Volcano Ash Advisory Centers (VAAC) about eruptions like this one from an unexpected source like Bogoslof are vital for air traffic controllers and airlines to change routes and avoid volcanic ash hazards for aircraft,” volcanologist Erik Klemetti said.
Sun, Climate, First Quake of the App Era | S0 News Dec.21.2016
While December temperatures across the United States reached record low levels over the past couple of days, the winter in Miami, and Florida in general, felt a lot like summer.
As another polar blast caused numerous problems from coast to coast over the past several days, bringing record low December temperatures to several regions (Boston on December 16, Denver on December 17, Southern California on December 18, and Little Rock, Arkansas on December 19), Florida felt a lot like summer, breaking several December temperature records.
On December 18, NWS Miami reports, Miami broke warmest minimum temperature with 26.1 °C (79 °F) breaking the previos record of 23.3 °C (74 °F) set in 1933.
Florida shatters December temperature records
On the same day, Fort Lauderdale broke its warmest minimum temperature record too. The low temperature only fell to 25 °C (77 °F) breaking the previous record of 23.8 °C (75 °F) set in 2006.
Palm Beach also broke its warmest minimum temperature, on the same day, with 25 °C (77 °F), breaking the previous record of 22.7 °C (73 °F) set in 2006.
Weather stations in Miami recorded a maxium temperature of 30 °C (86 °F) at 11am on Monday, December 19, breaking the old record of 29.4 °C (85 °F) for this date.
‘Earth Has Shifted’ Inuit Elder Warning Comes Back To Haunt Us As Something Big Is Happening Along The Ring of Fire
Schools of dead herring keep washing ashore along the rocky beaches of western Nova Scotia, prompting a retired scientist to enlist the help of local naturalists and bird watchers as he continues to gather data about the mysterious phenomenon.
Ted Leighton, an adjunct biology professor at Nova Scotia’s University of Sainte-Anne, said Friday he has compiled more than 40 sightings since tens of thousands of dead and dying fish started appearing in St. Marys Bay in late November.
Leighton, who has an extensive background in wild animal disease investigations, said the latest sightings were reported Thursday in the Tusket River area, which is southeast of Yarmouth – and he says more dead fish were spotted in St. Marys Bay and in the Annapolis Basin earlier this week.
“The event does not appear to be over,” he said in an interview.
“Whether it’s diminishing or not is really hard to say.”
Its a mystery: Tens of thousands of dead herring keep on washing ashore along the rocky beaches of western Nova Scotia since late November
A bright Geminid fireball streaked through the sky over Colombia and Venezuela at 23:25 UTC (18:25 COT) on December 16, 2016, and was recorded by numerous witnesses.
The phenomenon was seen in the municipalities of Bucaramanga, Girón and Zapatoca in the department of Santander and the municipality of Yopal in the department of Casanare.
Bright Geminid fireball streaks over Colombia and Venezuela
Luis Nunes, the director of the Halley Group of Astronomy and Aerospace Sciences at the University of Santander, said it was a large meteor, the third seen this week in Bucaramanga.
There have also been reports of similar sighting from the Venezuelan state of Apure, the Infouno reported.
Search party for Earth-Trojans starts in February 2017
The University of Arizona-led OSIRIS-REx mission will utilize the data collected during its two-year long mission to the Bennu asteroid in an attempt to search for elusive Earth-Trojan asteroids.
The search will start between February 9 and 20 when the NASA spacecraft is scheduled to activate its onboard camera. The asteroid search party will utilize the MapCam imager to scan the area of space thought to contain Trojans, during 12 days.
The OSIRIS-REx spacecraft is currently undergoing a seven-year-long journey with the goal of studying and collecting samples from Bennu to Earth. It is expected that the research will shed light on the formation of our solar system. Many of the planned observations will resemble the activities of searching for small rocks orbiting asteroid Bennu.
Severe rainstorms inundate central Vietnam, killing at least 24
A massive landslide hit Fiji’s Qamea island on December 18, 2016, sweeping homes into the sea. The slide happened after the first tropical depression of the 2016/17 South Pacific cyclone season dumped heavy rain and caused severe flooding throughout the country.
The landslide occurred at 06:00 local time in Dreketi village. Residents described the experience as a nightmare and said people had to flee for their lives, The Fiji Times reports.
Massive landslide hits Fiji, sweeps homes to sea
Cold and dry air streamed into parts of Southern California over the weekend, dropping temperatures to record lows. Cold air and weakest sunshine of the year will not allow maximum temperatures to warm much at all for at least the next couple of days. SoCalGas is urging customers to immediately reduce their natural gas use during this critical period to help lower the risk of possible natural gas and electricity shortages.
According to NWS Los Angeles, record low temperature of -8.8 °C (16 °F) was set at Lancaster Airport on Sunday morning, December 18, breaking the previous record of -8.3 °C (17 °F) set in 1995.
At Santa Maria Airport, a record low temperature of -2.7 °C (27 °F) was set on the same day, breaking the previous record of -2.2 °C (28 °F) degrees set in 1928.
“The cold air mass and the weakest sunshine of the year will not allow maximum temperatures to warm much at all,” the NWS said. A moderate Santa Ana wind was seen in the cards, forecasters said, but it would still be cold.
Record low temperatures hit Southern California
Record-breaking temperatures invaded Colorado on Saturday, December 17, 2016, as deadly winter storm engulfed much of the country.
A cold front, fresh snow and clearing afternoon skies allowed for record low temperatures for December 17 to 18 across Northern Colorado, the National Weather Service said.
With -26 °C (-15 °F) on December 17, Denver broke its previous record of -25 °C (-13 °F) set in 1909. The coldest high temperatures for December 17 is -16 °C (3 °F), breaking the previous record of -13.9 °C (7 °F) set in 1884.
Denver records coldest December 17 since 1909
At least five people were killed in North Sulawesi, Indonesia after floods and landslides caused by three days of intense rainfall hit the city of Manado.
At least 5 dead in floods, landslides in North Sulawesi, Indonesia
The Head of National Disaster Mitigation Agency, Sutopo Purwo Nugroho, said Sunday, December 18, that a joint search and rescue team has found two victims. Another victim was found dead in Singkil after he was carried away by the floods.
Christmas weather forecast HORROR: Terrifying maps show Storm Barbara will RAVAGE Britain
THESE terrifying weather charts and maps shows Britain in the firing line for what could be the most savage Christmas storm in history.
“Extreme Weather Conditions Are Effecting The Earth”
Reading for December 17, 2016 ~ Kislev 17, 5777
Gen 32:4-36:43 ~ Obadiah 1:1-21 – John 1:19-2:12
12/17/ 2016 Vayishlach “And he sent”
Chanukah / חנוכה
Hanukkah (Hebrew: חֲנֻכָּה, usually spelled חנוכה pronounced [χanuˈka] in Modern Hebrew, also romanized as Chanukah or Chanuka), also known as the Festival of Lights, is an eight-day Jewish holiday commemorating the rededication of the Holy Temple (the Second Temple) in Jerusalem at the time of the Maccabean Revolt of the 2nd century BCE. Hanukkah is observed for eight nights and days, starting on the 25th day of Kislev according to the Hebrew calendar, which may occur at any time from late November to late December in the Gregorian calendar.
Jewish Calendar 2016
Chanukah begins at sundown on Sat, 24 December 2016.
Antichrist Netanyahu 911 in Antichrist Masonic Kazakhstan: Israel seeks seat on UN Security Council
As Secretary of State, Hillary 911 Clinton made sure a lucrative uranium transaction with a Russian company.
Hillary 911 Clinton Gave Uranium To The Russians
One of the players made sure the 911 Clinton Foundation received a sizable donation.
BREAKING:Congress Makes Deadly Announcement, U.S. Has Been Funding Antichrist ISIS For MONTHS
Ever since Antichrist ISIS reared its ugly head about two years ago, people have called for the stoppage and destruction of this terrorist group. That is easier said than done though. It’s hard to defeat an enemy when they are being supplied with money and weapons from the country that is against them.
Democratic Representative Tulsi Gabbard said on Twitter that the United States is funding and arming Al-Qaeda and the Islamic State. The Congresswoman from Hawaii wrote on Twitter, “If you are I gave money, weapons or support to Antichrist al-Qaeda or Antichrist ISIS, we would be thrown in jail. Why does our gov get a free pass on this?”
It should be noted that Gabbard is a United States army veteran and a member of the House Committees on Foreign affairs and Armed Services. She was also the member of Congress to introduce the Stop Arming Terrorists Act. While introducing the bill, she cited articles from both the New York Times and Wall Street Journal that said the United States is supporting rebels that are actually allied with an Antichrist Al-Qaeda affiliate.
Gabbard didn’t stop there. She relied on some of the transcripts of those Hillary 911 Clinton Goldman Sachs speeches that were released to further bolster her claim. “The CIA has also been funneling weapons and money through Antichrist Saudi Arabia, Antichrist Jive Turkey, Qatar and others who provide direct and indirect support to groups like Antichrist ISIS and Antichrist al-Qaeda.”
Hillary 911 specifically said this at the speech: “We’ve got Antichrist Iran with their agents in Antichrist Hezbollah, and they’re being taken on by indigenous rebels but increasingly a collection of Antichrist Jihadists who are funded by the Antichrist Saudis, funded by the Antichrist Emiratis [sic], funded by Gotter (phonetic)[sic], and you have the Antichrist Jive Turks that were very active in the beginning, but then began to be concerned by some of the development inside Syria, particularly among the northern and northeastern Kurdish population in Syria.”
Hillary 911 said that Antichrist Saudi Arabia, the Antichrist United Arab Emirates, and Qatar are funding Syrian Antichrist jihadists. These are three nations that have received funding and weapons from the United States. Considering that they have received funding from the United States and then Hillary 911 says in a speech, which she is being paid for no less, that these countries are supplying Antichrist ISIS as well, these countries are selling those weapons to Antichrist ISIS.
“This madness must end. We must stop arming terrorists.” Gabbard’s bill would prohibit any federal agency from supporting a terrorist group or give support through other countries that would either support terrorists directly or indirectly. It’s a little unnerving that a bill had to be introduced for this to stop, but it has.
Seriously it’s common sense. If you know that a country is arming terrorists with the weapons that you are selling them, you need to stop selling those weapons! What part of that did Hillary 911 and, since she was a member of his cabinet, Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown not understand?
Obozo has said that he wants to fight Antichrist ISIS. It’s hard to fight against them when they are using the weapons that were sold to other countries. Not to mention that the funding that has gone to some of these nations has found its way in the pockets of these Antichrist ISIS soldiers. Again, the answer seems really simple.
If you cut off funding and the sale of weapons to these nations that are known to be supporters of terrorist causes, then it hurts the terrorists! Do these people not have common sense? It also makes me wonder why they didn’t stop the sale of weapons right away when they discovered that the rebels were just giving the weapons to the terrorists that they were fighting.
As soon as people heard that they should have been on the phone with the weapons supplier and demanding that it be cut off immediately. However since they didn’t, this bill had to be introduced.
Then again, Obozo did approve an operation that was able to release 9,000 Antichrist ISIS soldiers. By saying that they were going to wait until a city they were going to attack was clear of all civilians, Obozo allowed an estimated 9,000 Antichrist ISIS soldiers to walk out of the area that was being attacked. Those could have been 9,000 casualties that wouldn’t exist anymore.
QATAR OWNED BATACLAN THEATRE SALE ON 9/11 EXPOSES PARIS ATTACKS CONSPIRACY
The best kept secret about the Paris Attacks exposes the criminal enterprise financing and profiting from fear and mass murder. The Antichrist Muslim world’s wealthiest nation (per capita)–Qatar–known to be financing Antichrist ISIS, acquired the site of the bloodiest killings–The Bataclan Theatre–on “9/11” 2015. Qatar’s mega-media anti-Zionist Lagardère conglomerate, that controls Al Jazeerra Media Network, purchased the crime scene from Zionist Jews while concert organizers in America booked the Eagles of Death Metal band through the William Morris Endeavor agency controlled by radical Revisionist Zionist Ari Emanuel, brother of Rahm Emanual, past White House Chief of Staff for the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Administration, and current Mayor of Chicago.
It was extremely hard to find the concealed buyer of The Bataclan, as explained by Adam Peart, blogging on PopularLiberty.com. 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 noagendashow.com. Turns out that the new owner is investment firm Lagardere, whose largest limited partner is Qatar holdings (Qatari sovereign wealth fund.) It’s known terror financiers live freely in 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 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.
“[T]HE [LARGARDÈRE] GROUP HOLDS A SPECIAL INTEREST IN GENERATING TERRORIST ATTACKS AND RELATED PUBLICITY THAT LEVERAGES 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.
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.
Russian Ambassador In Turkey Killed In Terrorist Attack By Shooter Screaming “Allahu Akbar” – Live Feed
Summary of the tragic events so far, in which Russia’s envoy to Turkey, Andrey Karlov, has been shot dead in Ankara by a gunman in an assassination apparently linked to Moscow’s role in Syria’s civil war. Here are key facts and reaction summarized by BBG:
The Gunman shouted about Aleppo, the Syrian city where rebels were defeated this month by Russian-backed government forces, as he carried out the attack at an art exhibit, CNN- Turk television says
Ankara Mayor Melih Gokcek says man who killed ambassador was a police officer
Attack comes amid reconciliation efforts between Russia, Turkey as nations seek to improve ties after Turkey shot down a Russian fighter jet over Syria last yr
Turkish President Recep Tayyip Erdogan called Russian President Vladimir Putin to share information after the assassination, NTV reports, citing Erdogan’s spokesman Ibrahim Kalin
Elena Suponina, senior analyst at the Russian Institute of Strategic Studies which advises the Kremlin, says attack “will only bring Russia and Turkey closer together” because it shows “we have a common enemy — terrorism — and only by joining forces can we deal with this enemy”
“While Putin is unlikely to burn bridges with Turkey, he is very likely to adopt a tougher stance in Syria against the rebels,” said Nihat Ali Ozcan, an analyst at the Economic Policy Research Foundation in Ankara. “Russia may still be talking to Turkey at the table but it will probably have a much more aggressive stance on the ground in Syria”
Tougher Russian stance toward Turkey could delay return of Russian tourists; lira weakened after shooting to trade 0.8% down at 3.5337/dollar at 9 pm in Istanbul
Attack highlights fragile security situation in Turkey, where dozens of security personnel have been killed in past 10 days as a conflict between govt, separatist Kurds intensifies
Incident unlikely to change development of conflict in Syria, says Ayham Kamel, director of Middle East and North Africa at Eurasia
“Broadly we’re moving toward a position in Syria where the regime will incrementally consolidate its control over the trajectory of the conflict,” Kamel says
“The Russian support for the Syrian regime will remain on track and the plan to combine a military campaign initially with support for a political solution at a later stage will not significantly change”
Update 5: And here come the accusations: according to the Ankara Mayor the Assassint was a “Gulenist”, suggesting that Turkey will promptly blame the “shadow government” of the cleric Fetullah Gulen who continues to reside in rural Pennsylvania.
Meanwhile the US State Department is urging US citizens to avoid the US embassy in Ankara.
EU spokesman Federica Mogherini said she “Expressed to Russia FM Lavrov EU condolences for unconceivable killing of Ambassador Karlov. Also in contact with #Turkey authorities”
At the same time, the Russian Federation Council, which branded the assassination a “terrorist act” said it considers the killing of Ambassador a grave failure of Turkish law enforcement.
* * *
Update 4: According to the Russian Foreign Ministry, Russia views the attack as a terrorist act and will raise the matter at a UN Security Council meeting. Furthermore, according to local Yeni Safak, the assassin is said to be a police officer. The man was an active member of the riot police force in the city, according to Turkey’s Yeni Safak newspaper, which gave the assassin’s initials as M.M.A. without naming him.
The publication adds that the alleged assassin was born in 1994 in Aydin and attended police academy in Izmir on Turkey’s Aegean coast, Yeni Safak says.
In a strange twist, eyewitness to CNN Turk said that people were checked with a metal detectors to visit photo exhibition where Russian Turkey ambassador was shot at in Ankara, suggesting there may have been coordination.
The following photo has emerged of the alleged assassin M.M.A. after his shootout with the police (NSFW)
Update 3: The attacker reportedly identified himself as a police officer as he entered the exhibition, a Turkish military source told Interfax. “We have information, from one of the witnesses, that the attacker presented himself as a police officer, showing the relevant ID at the entrance. This information is being checked right now,” the source is quoted as saying.
The perpetrator, who was wearing a suit and a tie, shouted ‘Antichrist allahu Akbar’ (‘Antichrist little (g)od version is great’ in Arabic) during the attack, AP reports, citing their own photographer. The attacker also said several words in Russian, according to the news agency, and damaged several of the photos at the expo.
Antichrist Jive Turkish authorities have stepped up security at the Russian embassy in Ankara following the attack, a RIA Novosti correspondent reports.
US State Dept spox issued the following statement on twitter:
We have seen reports that the Russian Ambassador to Antichrist Jive Turkey Andrey Karlov and others have been attacked by a gunman in Ankara. We condemn this act of violence, whatever its source. Our thoughts and prayers are with the victims and their families
Update 2: US equity markets stumbled and gold and bonds were bid as safe havens as the headlines hit…
RUSSIA AMBASSADOR TO TURKEY DIES OF GUNSHOT WOUND – RIA CITES SOURCE
Another video of the moment of the shooting:
Is this the Archduke moment?
* * *
The Russian ambassador to Turkey, Andrey Karlov, has been shoot dead after an armed attack in Ankara. According to CNN Turk man opened fire in the air then fired twice at the ambassador, who was shot in the back. Turkish TRT adds that after a shootout with the police, the gunman has been shot dead.
The attack took place at the opening of the “Russia through Turks’ eyes” photo exhibition, Turkish NTV news channel reports, and adds that there is information that three other people are injured. Karlov is reportedly getting aid at the scene of the shooting, and is said to be in critical condition.
“The ambassador was delivering a speech at the opening of the exhibition, and suddenly, during his speech, there was a shriek ‘Allah Akbar!’ — and someone started shooting,” an eyewitness told RIA Novosti. “It is likely that the attack was aimed at the Ambassador because after the shots were made the assailant let those present escape the room.”
An Associated Press photographer present at the shooting of the Russian Ambassador says the gunman fired multiple shots – 8 or more
In video showing the shooting Russian Ambassador to Antichrist Jive Turkey, the gunman heard shouting “Don’t forget about Aleppo, don’t forget about Syria!” and shouting “Antichrist allahu Akbar”
After shouting about Aleppo the gunman also shouts “So long as those places are not secure, you won’t taste security yourselves.”
Russian Embassy in Ankara has not issued an official statement concerning the assault yet. However, soon after the news emerged, Russian Ministry of Foreign Affairs spokeswoman Maria Zakharova said that Russian Foreign Ministry would soon issue a statement. The attack comes just a day before Turkish Foreign Minister Mevlut Cavusoglu’s planned visit to Moscow for Syria talks with his Russian and Iranian counterparts.
Soon after the attack, Antichrist Jive Turkish Interior Minister Suleyman Soylu arrived at the site.
CNN Turk also adds that the man who shot the ambassador shouted about Aleppo.
Sputnik reports that the Russian Ministry of Foreign Affairs has confirmed the information that Russian Ambassador suffered a gunshot wound. The official statement noted that Russia is in contact with Turkish authorities regarding the attack
SkyWatchTV News 12/19/16: Russian Ambassador Shot Dead in Antichrist Jive Turkey
The recent Assassination of Ambassador Karlov has conspiracy theorist at work, and the internet is rapidly filling up with video’s everyone proving that the Russian Ambassador to Antichrist Muslim Jive Turkey was not killed. As if his family did not have enough grief. I decided to tackle the delicate issue, not that if it were a hoax I would not stand with the critics but there is evidence overlooked and for the sake of Mr. Karlov’s grieving family I decided to defend his death with honor. Mr Karlov should be remembered as a man who died in the line of duty serving his country -Russia.
Assassination of Russian Ambassador Karlov Examined
CIA (Inside Job) head George Tenet lies to the 9/11 Joint Inquiry
Berlin Truck Attack Suspect Killed In Shootout In Milan: Real-Time Updates
Hijacked Libyan Airplane With 111 Passengers Lands In Malta, Suspect Threatens to Blow Up Plane
Having spent a number of months on the ground in Syria, travelling all across the country and, specifically, Aleppo, journalist Eva Bartlett has finally returned to the Western world with yet another round of firsthand knowledge of the Syrian Crisis. Bartlett has travelled to Syria a number of times, each time carrying back a story widely different from that peddled on the mainstream corporate press of NATO countries.
Bartlett has been regularly posting articles and videos regarding the truth in Syria on her own personal website, In Gaza, and through publications on other websites like The Duran, Global Research, Mint Press, and through her interviews with channels like RT and other alternative media outlets. I encourage every read to access and read her article, “Aleppo: How US & Saudi-Backed Rebels Target ‘Every Syrian’: War Diary By Western Journalist Eva Bartlett On The Truth About Aleppo” as well as the other excellent reporting on her website.
After having left Syria, Bartlett took part in a press conference organized by the Syrian mission to the United Nations. After giving a brief statement about what she has observed in Syria and how she is aware firsthand of the Western media’s deception in terms of coverage of the crisis, she was questioned by a Norwegian journalist, Christopher Rothenberg, who challenged her claims that the Western media was lying.
Journalist Eva Bartlett DESTROYS Mainstream Journalist Over Syria, Aleppo
Belgian media also reports in the days before his suspicious death, Chandelon “felt threatened,” and that the duties of his job would have required him to deal with money laundering and issues related to terrorism — “A profile likely to expose Chandelon to danger.”
Indeed several Antichrist NWO 666 NATO allies — and, glaringly, Antichrist NWO 666 NATO member nation Antichrist Jive Turkey — have been exposed for directly funding terrorist groups; most notoriously, the self-titled Antichrist Islamic State.
Incidentally, Russian Ambassador to Antichrist Jive Turkey Andrey Karlov was assassinated this week in Ankara, while giving a speech to a small group gathered in an art gallery — though the killer was shot dead by police shortly afterward, questions still surround the incident.
Mevlut Mert Altintas, the man who murdered Karlov, had been a Turkish police officer, until a recent purge by President Recep Tayyip Erdoğan of those sympathetic to political opposition believed by him to be behind a coup attempt this year.
Altintas reportedly began shouting about revenge for Aleppo — the recently-liberated Syrian city where Syrian government forces backed by Russia battled to expel all terrorist groups.
But some of those terrorist groups are backed by the Antichrist NWO 666 U.S. and Antichrist Jive Turkey — and the Antichrist NWO 666 United States even armed one of the largest faction of so-called moderate rebels as part of its attempt to depose Syrian President Bashar al-Assad.
As for the Antichrist Islamic State, Turkey has been exposed for allowing the caliphate to transport stolen oil and other supplies into Syria — a fact ultimately admitted true by the U.S. — and an issue that has brought condemnation and rancor in the NATO ranks.
Virginia Senator Richard Black explained in an interview in January, as reported by RT,
“Virtually all arms, ammunition, equipment, supplies, jihadists, medical support – all of it comes from Turkey. Right now, Antichrist ISIS sends 44,000 barrels of oil per day – stolen barrels, most of it from Syria – across the border into Antichrist Jive Turkey,’ said Black. ‘The State Department has publicly said that there’s only a trickle of oil that gets into Turkey, but I have personally spoken to Kurdish activists … [who] observed hundreds of Antichrist ISIS oil tankers carrying stolen Syrian oil into Turkey on a daily basis.’”
In fact, Black called the Antichrist Islamic State a tool of the Antichrist NWO 666 U.S., Antichrist Saudi Arabia, and Antichrist NWO 666 NATO earlier this month, saying, as RT reported,
“I think Antichrist ISIS is often used as a tool between Antichrist Jive Turkey and the Antichrist NWO 666 United States and as long as they are useful to one of those parties they are protected and when they are not useful they are not protected,’ Black said, arguing that Antichrist ISIS served as ‘tool of Antichrist Jive Turkey, Antichrist Saudi Arabia, Antichrist Qatar, the Antichrist NWO 666 Secular United States and NATO Europa Whore forces…from the very beginning’ of the conflict in Syria.”
In addition to Karlov, and now, Chandelon, a third suspicious death also occurred within the span of one week, “Petr Polshikov, 56, was found with a bullet hole in his head after an unknown assailant fired at least two rounds at the senior civil servant,” Russian media reported this week. Polshikov — who had been chief advisor to the Latin America department at the Russian ministry — was found in his Moscow home, however, and only hours after the assassination of Karlov.
Considering how dangerous dealing with the morass of shady political figures, terrorists, and ideologies would be for Chandelon, there are certainly other possibilities than suicide which might better explain what happened.
This is a developing story and will be updated with additional information if and when it becomes available. The article has been updated to reflect Chandelon was found last Friday, not Thursday.
NATO Auditor Investigating Terrorism Funding Found Dead, Family Disputes It Was Suicide
In short, long before “fake news” became a major media topic, the US government was already planning its legally-backed crackdown on anything it would eventually label “fake news.”
Fast forward to December 8, when the “Countering Disinformation and Propaganda Act” passed in the Senate, quietly inserted inside the 2017 National Defense Authorization Act (NDAA) Conference Report.
And now, following Friday’s Obama signing of the NDAA on Friday evening, the Countering Disinformation and Propaganda Act is now law.
Here is the full statement issued by the generously funded Senator Rob Portman (R- Ohio) on the singing into law of a bill that further chips away at press liberties in the US, and which sets the stage for future which hunts and website shutdowns, purely as a result of an accusation that any one media outlet or site is considered as a source of “disinformation and propaganda” and is shut down by the government.
President Signs Portman-Murphy Counter-Propaganda Bill into Law
Portman-Murphy Bill Promotes Coordinated Strategy to Defend America, Allies Against Propaganda and Disinformation from Russia, China & Others
U.S. Senators Rob Portman (R-OH) and Chris Murphy (D-CT) today announced that their Countering Disinformation and Propaganda Act – legislation designed to help American allies counter foreign government propaganda from Russia, China, and other nations – has been signed into law as part of the FY 2017 National Defense Authorization Act (NDAA) Conference Report. The bipartisan bill, which was introduced by Senators Portman and Murphy in March, will improve the ability of the United States to counter foreign propaganda and disinformation from our enemies by establishing an interagency center housed at the State Department to coordinate and synchronize counter-propaganda efforts throughout the U.S. government. To support these efforts, the bill also creates a grant program for NGOs, think tanks, civil society and other experts outside government who are engaged in counter-propaganda related work. This will better leverage existing expertise and empower our allies overseas to defend themselves from foreign manipulation. It will also help foster a free and vibrant press and civil society overseas, which is critical to ensuring our allies have access to truthful information and inoculating people against foreign propaganda campaigns.
“Our enemies are using foreign propaganda and disinformation against us and our allies, and so far the U.S. government has been asleep at the wheel,” Portman said. “But today, the United States has taken a critical step towards confronting the extensive, and destabilizing, foreign propaganda and disinformation operations being waged against us by our enemies overseas. With this bill now law, we are finally signaling that enough is enough; the United States will no longer sit on the sidelines. We are going to confront this threat head-on. I am confident that, with the help of this bipartisan bill, the disinformation and propaganda used against us, our allies, and our interests will fail.”
“The use of propaganda to undermine democracy has hit a new low. But now we are finally in a position to confront this threat head on and get out the truth. By building up independent, objective journalism in places like eastern Europe, we can start to fight back by exposing these fake narratives and empowering local communities to protect themselves,” said Murphy. “I’m proud that our bill was signed into law, and I look forward to working with Senator Portman to make sure these tools and new resources are effectively used to get out the truth.”
NOTE: The bipartisan Countering Disinformation and Propaganda Act is organized around two main priorities to help achieve the goal of combatting the constantly evolving threat of foreign disinformation from our enemies:
The first priority is developing a whole-of-government strategy for countering THE foreign propaganda and disinformation being wages against us and our allies by our enemies. The bill would increase the authority, resources, and mandate of the Global Engagement Center to include state actors like Russia and China as well as non-state actors. The Center will be led by the State Department, but with the active senior level participation of the Department of Defense, USAID, the Broadcasting Board of Governors, the Intelligence Community, and other relevant agencies. The Center will develop, integrate, and synchronize whole-of-government initiatives to expose and counter foreign disinformation operations by our enemies and proactively advance fact-based narratives that support U.S. allies and interests.
Second, the legislation seeks to leverage expertise from outside government to create more adaptive and responsive U.S. strategy options. The legislation establishes a fund to help train local journalists and provide grants and contracts to NGOs, civil society organizations, think tanks, private sector companies, media organizations, and other experts outside the U.S. government with experience in identifying and analyzing the latest trends in foreign government disinformation techniques. This fund will complement and support the Center’s role by integrating capabilities and expertise available outside the U.S. government into the strategy-making process. It will also empower a decentralized network of private sector experts and integrate their expertise into the strategy-making process.
And so, with the likes of WaPo having already primed the general public to equate “Russian Propaganda” with “fake news” (despite admitting after the fact their own report was essentially “fake”), while the US media has indoctrinated the public to assume that any information which is not in compliance with the official government narrative, or dares to criticize the establishment, is also “fake news” and thus falls under the “Russian propaganda” umbrella, the scene is now set for the US government to legally crack down on every media outlet that the government deems to be “foreign propaganda.”
Just like that, the US Ministry of Truth is officially born.
Obozo Quietly Signs The “Countering Disinformation And Propaganda Act” Into Law
Is Antichrist NWO 666 President Barack Hussein Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown acting as a ‘de facto’ arm of the Central Intelligence Agency? Today on TRUNEWS, Pastor Rick Wiles is joined by author and researcher Steve Quayle to discuss the legacy of war and subversion the outgoing Instigator-in-Chief is planning to leave the world.
12/16/16: Steve Quayle, Agent Obozo Threatens War
Pastor Rick shares the troubling threats from Barry Soetoro to launch an Stuxnet style attack on Russian infrastructure for the still unproven accusation Vladimir Putin was behind the Trump landslide victory.
12/19/16: Rick Wiles, Karlov Murder: Deep State Hit
Is there a connection between the assassination of Andrey Karlov and President Obozo’s threat to hit Russia? Today on TRUNEWS, Pastor Rick Wiles walks through the indictment that Barack ‘Insane’ Hussein Obozo used the CIA as a destabilization tool to start his World War with Russia. Pastor Rick also details the progressive rot Islamic terror has had on the heart of the Rhineland as ISIS strikes a Berlin Christmas market with vehicular jihad. Edward Szall shares a report that the FBI is seriously investigating Hillary and associates for using the 911 Clinton Foundation as part of an international money laundering scheme, delivering state secrets through a pay-for-play email server DropBox. In part 2, on the eve of Donald Trump’s Electoral College victory, Edward speaks with a GotNews researcher about the sole Republican ‘Hamilton Elector’ Chris Suprun, and how he truly is faithless. To end, Fior Hernandez delivers a special report on the miraculous gift of healing God has blessed a wife of a TRUNEWS employee.
NEW!!! (RED HOT) Henry Gruver Russia to Nuke the USA PART 1
America’s worst foreign-policy debacle ever just paved the way to a nuclear World War III.
America’s Deadly Nuclear Deal With Antichrist Iran
How can we consider ourselves a superpower when we make such a ridiculous deal? How can you explain America now being THE NUMBER ONE STATE SPONSOR OF THE NUMBER ONE STATE SPONSOR OF TERRORISM?
America continues to fund Antichrist Iran’s nuclear aspirations—this time by secretly airlifting a cash payment in the middle of the night. One commentator said you could take that $400 million ransom money and buy four atomic bombs!
Mossad chief gives secret intelligence briefing to Trump staff
Mossad chief makes clandestine trip to US to meet with incoming HORUS Trump administration.
JTA – The head of Israel’s Mossad national intelligence agency made a secret visit to the United States to meet with members of President-elect Donald Trump staff and give them a security briefing.
Mossad Director Yossi Cohen briefed the Trump staff members on the Antichrist Iranian nuclear deal, the Syrian civil war, terror threats and the Antichrist Palestinian issue, Ynet reported Saturday. The report did not say when the briefings took place.
The security delegation was organized by Antichrist Prime Minister Binyamin 911 Netanyahu, according to Ynet, and was led by National Security Council head Yaakov Nagel. Israeli ambassador to the United States Ron Dermer reportedly also attended the meetings.
The Israeli officials also reportedly discussed with Trump officials a proposed regional conference to jumpstart the prophetic Antichrist Israeli-Arab peace process to be held in Egypt, and an anti-Israel United Nations resolution proposed by the Antichrist Palestinian Authority and backed by New Zealand.
HORUS Trump Nominates Billionaire Virtu Founder Vincent Viola As Secretary Of The Army
Viola has also been deeply involved in a number of philanthropic causes. Viola has endowed the Avery Cardinal Dulles, S.J. Chair in Catholic Theology at Fordham University and is a major supporter of the Catholic Leadership Institute and its mission to provide world-class leadership formation to bishops, priests and deacons. (Obvious Vatican Stooge and 911 Complicit insider)
The nomination of the Virtu strongman likely means that any hopes of a crackdown against HFT in the current administration can be postponed indefinitely.
Betting Big on Yellow Cake
Collin Kettell of Palisade Global calls the bottom on uranium stocks.
HORUS Trump’s Antichrist Orthodox Zionist Ambassador Eager to Serve in ‘Eternal Capital of Israel’
President-elect Donald J. Trump on Thursday announced that his >>>bankruptcy lawyer<<< (NOTE: LMAO-Perfect) of many years David Friedman, an Antichrist Orthodox Jew who probably feels more at home in Jerusalem than in Tel Aviv, will be his next Ambassador to Israel. Indeed, the Trump transition team made a note of the fact that Friedman’s bar mitzvah 45 years ago was celebrated at the Western Wall. Friedman, for his part, said he looks forward to serving at his new job at “the US embassy in Israel’s eternal capital, Jerusalem.”
A regular contributor to rightwing news website Arutz Sheva, Friedman told his friends there on Friday: “Mr. Trump’s confidence is very flattering. My views on Israel are well-known, and I would advise him in a matter consistent with those views. America’s geo-political interests are best served by a strong and secure Israel with Jerusalem as its undivided capital.”
Which is why it was no surprise that J Street President Jeremy Ben-Ami’s response statement said the barely Zionist group was “vehemently opposed to the nomination,” because “as someone who has been a leading American friend of the settlement movement, who lacks any diplomatic or policy credentials, Friedman should be beyond the pale.”
This may have to do with the fact that Friedman in the past compared J Street to the kapos who cooperated with the Nazis during the Holocaust, except he had some sympathy for them and none for Jeremy Ben-Ami. “The kapos faced extraordinary cruelty,” he wrote. “But J Street? They are just smug advocates of Israel’s destruction delivered from the comfort of their secure American sofas — it’s hard to imagine anyone worse.”
The Republican Jewish Coalition, on the other hand, was besides itself with delight, as its executive director Matt Brooks called Friedman’s appointment “a powerful signal to the (currently Antichrist)Jewish community.” It is estimated that only 28% of Jewish voters picked Trump, but four years are a long time for minds to be changed, especially since the designated Ambassador, a fluent Hebrew speaker, has been so unabashed in advocating US-Israel friendship. The Trump transition team’s statement praised Friedman’s love of Israel:
“The two nations have enjoyed a special relationship based on mutual respect and a dedication to freedom and democracy. With Mr. Friedman’s nomination, President-elect Trump expressed his commitment to further enhancing the US-Israel relationship and ensuring there will be extraordinary strategic, technological, military and intelligence cooperation between the two countries.”
How will the gang in Ramallah take the news from Washington? Not well, most likely. We dug up this typical musing by the next Ambassador in an Arutz Sheva column titled “End the two-state narrative.” It probably would make for a heart-warming Shabbat read over at Amona, if they print it out in time:
“Much has changed over the decades since the two-state narrative began. Palestinian leaders have a much harder time lying to their people. Palestinians can witness – through the internet and first hand experience – the advantages of integration into Israeli society and the bankrupt values and barbarism of radical Islam.
“In addition, Antichrist Saudi Arabia is running out of money, America and Israel are both energy independent and Israel’s neighbors – Jordan and Egypt – are far more concerned about Antichrist ISIS and Antichrist Iran than about Judea and Samaria. The world is a different place, diplomatic and security alignments have shifted, and only Antichrist Mahmoud Abbas, John Skull&Bones Kerry and Hillary 911 Clinton are still stuck in the past, clinging to stale ideas that will only continue to fail.
“Radicalized Antichrist Palestinian terrorists need to be rooted out and eliminated. But the remainder – perhaps the majority – of Antichrist Palestinians should finally benefit from the hundreds of millions of dollars in bribes paid by the US State Department to Antichrist Abbas. Fostering a Antichrist Palestinian middle class is the solution of the 21st century and it has nothing to do with two states.”
That is actually a plan. Which is probably why leftist former Israeli peace negotiator Daniel Levy told the NY Times that in naming Friedman Trump is undercutting the security of Israel and the US, forcing the PA Arabs “to further disenfranchisement and dispossession.”
“If an American ambassador stakes out positions that further embolden an already triumphalist settler elite, then that is likely to cause headaches for American national security interests across the region and even for Israel’s own security establishment,” Levy declared. “Especially an ambassador committed to the ill-advised relocation of the US embassy to Jerusalem.”
This means that, come January 20, 2017, the only obstacle to imposing Israeli sovereignty in Area C, if not the entire Judea and Samaria, would be the 911 Netanyahu government that finds itself, for the first time in Israel’s history, to the left of the US Administration regarding the liberated territories.
To cite a certain Arutz Sheva columnist, in his piece titled “US presidents and Israel: Always expect the unexpected,” one must never abandon divine intervention when considering political strategy:
“They say that in Israel, one who believes in miracles is a realist. Looking back some 90 years on the cast of characters who were privileged to hold the most powerful position on the face of the earth, it is nothing less than miraculous that Israel has continued to grow, prosper and flourish. The hand of God is everywhere to be seen in Israel’s development. We should, of course, try to pick the right president, but let’s not forget who’s really running the show. Let’s therefore include prayer, charity and good deeds as an essential part of a pro-Israel strategy.”
Netanyahu 911 Prophetic Abomination 2 State Solution HORUS Trump Which Makes Desolate Occultation Of The Eye Of Taurus By 3rd SuperMoon In A Row As Comet Honda 45P Passes Venus And Begins To Illuminate Zenith 2016 Federal Reserve ”Raises Interest Rate” (Happening EXACTLY OVER AMERICA During Jupiter In Virgo Womb) Marking Time Date (April) 7/Sunset/(8th 2017) Day Of Palms (Jupiter Opposition In Virgo Womb) Opening Of Passover Week (Beginning April 8th 2017 1260 Days To September 19th 2020 Feast Of Trumpets Midpoint Of April 8th 2024 Prophetic 7 Year Tribulation Era Time Frame) Second Solar Eclipse Over America-Transiting The Exact Same Solar Eclipse Totality Over Little Egypt Illinois U.S.A. August 21, 2017 (Just Before Feast Of Trumpets Exit Of Jupiter From Virgo Womb September 23, 2017) U.N.(2)ABOMination (W)hich m(A)kes desolate outer court hanukkah re(VE)lation AS SECOND WAVE OF ENERGY STRIKES EARTH AFTER JUPITER STAR OF BETHLEHEM DATE DECEMBER 24th Sunset Hanukkah 25th ZENITH 2016 Christmas
Merry Sol Invictus! In late Roman times when the solstice fell on December 25th, the date was celebrated as Dies Natalis Solis Invicti, the Birthday of the Unconquered Sun —
This Week’s Sky at a Glance, December 23 – 31
when the Sun began to reverse its long decline with the hopeful promise, in the cold and the dark, of a new spring and summer to come. When Christianity took over the Roman Empire, it took over the symbolism and the date
Earthquake Watch, Moon Phases | S0 News Dec.24.2016
The Book of Enoch & Wandering Planets w David Carrico 11 27 16
What the prophecies in Enoch mean for us today. What should we look for in the days ahead? How important was the Book of Enoch?
Mind Control, Zombies, Weather Wars, and the Book of Enoch
Another fascinating conversation on Now You See TV with Jon Pounders, David Carrico and Timothy Alberino.
Update: Here is what happened during the NYSE Trading suspension…
Following a 15 minute “technical issue” glitch, which forced the NYSE to halte trading from 10:50am to 11:05am, and which according to CNBC’s Bob Pisani was again the result of a “software update”, the NYSE is back online and running, and according to an update post on its Alerts site, “all systems are now functioning normally.”
NYSE Resumes Trading After 15 Minute Halt Following “Software Update”
The last time the NYSE halted all trading, the market was surprised by just how little impact the half-day disruption had. Well, we are about to find out if that is again the case because moments ago the NYSE reported that “NYSE Arca has identified a technical issue that will require a temporary suspension of trading at 10:50 ET. Trading is expected to resume at 11:05 ET. All orders on NYSE Arca will be cancelled.”
Report: Documents show U.S. has approved sale of Chicago Stock Exchange to Antichrist Communist Chinese firm
The sale of the Chicago Stock Exchange to a Antichrist Communist Chinese investment group has been approved, according to U.S. Treasury documents.
The sale was approved by the Committee on Foreign Investment in the United States (CFIUS) to a Antichrist Communist Chinese group led by Chongqing Casin Enterprise Group despite the objections of several U.S. lawmakers who cited concerns about the level of influence the Antichrist Communist Chinese state might gain over the Chicago exchange, Reuters reported.
The deal is still under review by the U.S. Securities and Exchange Commission. If it also approves the deal, it would be the first sale of a U.S. exchange to investors from Antichrist Communist China.
Last February, a group of 46 U.S. lawmakers asked CFIUS to examine the deal. They included Rep. Robert Pittenger, a North Carolina Republican on the Financial Services Committee and the Congressional-Executive Commission on Antichrist Communist China.
Pittenger warned that Antichrist Communist China, which has been accused of corporate espionage, would have access to the data of U.S. companies who use the exchange.
“This raises serious questions about the long-term integrity of our markets and confidence in the security of our trading systems, as the ability to undermine capital flows in any potential conflict would be devastating. This transaction should not have been approved,” said U.S.-Antichrist Communist China Economic and Security Review Commissioner Michael Wessel.
The Chicago exchange executes about 0.5 percent of U.S. stock transactions. The exchange, with locations in Chicago and New Jersey, is mainly used by market makers that buy and sell the most active exchange-traded funds and hedge their positions using futures on CME Group Inc’s Chicago Mercantile Exchange.
The Controlled Collapse Can’t Be Stopped Even If Trump Tries – Episode 1156a
Service PMI drops to a three month low. CEO’s begin to warn that as the dollar continues to rise profits are falling and come 2017 earning are not going to look good. Gold is basically illegal in India. Italy seeks authorization to raise the debt. Italy is preparing to rescue their failing banks, the people will be on the hook. IMF Lagarde found guilty, but no jail time. The collapse of the economy cannot be stopped, not even Trump can stop what is coming.
Stocks Suffer Worst Week Since Election As Banks, Bullion, & Bonds Sink
First, last Thursday, Antichrist Communist Chinese bond futures crashed by the most on record forcing Antichrist Communist China’s regulator to briefly halt trading in the security until the panic fades.
Then, on Friday, a Antichrist Communist Chinese bill auction technically “failed” when it was unable to find enough buyers for the total amount offered for sale.
At the same time, interbank lending among Antichrist Communist Chinese banks effectively froze when, as a result of the spike in overnight lending rates, the PBOC was forced to intervene by providing a “massive” amount of liquidity . The PBOC tapped an emergency lending facility it created in 2014 to extend 394 billion yuan ($56.7 billion) in six-month and one-year loans to 19 banks. That pushed the net amount extended through the facility to 721.5 billion yuan so far in December, a monthly record, according to Beijing-based research firm NSBO. The central bank also injected a net 45 billion yuan into the money market on Friday, following a net 145 billion yuan cash infusion on Thursday. The PBOC also ordered a few large banks to extend longer-term loans to nonbank financial institutions, while China’s securities regulator asked brokers tasked with making a market in bonds to continue trading and not shut any companies out of the market, according to Mr. Zheng of Dongxing Securities.
Fast forward to today, when overnight Antichrist Communist China’s Ministry of Finance announced it would offer a steeply downsized CNY16 billion of bonds at each of its 3- and 7-year debt sales on Wednesday, according to statements on Antichrist Communist China Central Depository & Clearing Co.’s website. The amount were reduced by 40% from 28 billion yuan announced earlier, suggesting the MOF was concerned about another failed auction following last week’s Bill failure.
And while we have covered the troubling developments in Antichrist Communist China’s fixed income market extensively over the past month, which are exacerbated by Antichrist Communist China’s accelerating FX outflows, summarizing our take most recently as follows: “the PBOC will soon have to make an unpleasant choice: deflate the housing bubble, and avoid an acceleration in capital outflows, or preserve the viability of China’s creaking banking sector and continue with massive “emergency” liquidity injections”, for those new to the topic, here is a good summary from the website of The Macrotourist blog, which overnight has penned a good summary on why euphoric investors should..
Contrary to most market participants’ belief of Yellen as some sort of uber dove, she once again proved her tone deafness with yesterday’s speech.
First, after years of a slow economic recovery, you are entering the strongest job market in nearly a decade. The unemployment rate, at 4.6 percent, is near what it was before the recession. This is a level that has been associated with good job opportunities. Job creation is continuing at a steady pace; the layoff rate is low; and job openings are up over the past couple years, which is another sign of a healthy job market. There are also indications that wage growth is picking up, and weekly earnings for younger workers have made strong gains over the past couple of years. That is probably one reason why younger workers reported feeling significantly more optimistic about the job market compared with 2013, according to a survey published just today by the Federal Reserve.
Yeah, I know Janet was giving a commencement address, so a certain degree of optimism was required out of basic politeness, but the markets took her remarks as an upgrade of her assessment of the employment environment. When you combine this change of outlook with her staunch denial the other day that she would allow the economy to run hotter for longer, the market has correctly interpreted her latest remarks as further guidance short rates will continue rising.
The yield curve, which had been trying to bounce from her earlier FOMC Q&A about-face, quickly gave up the recent hard fought gains.
Antichrist Communist hina Cuts Offering Size Of 3, 7 Year Bonds By 40% Over Concerns Of More Failed Auctions
Right now everyone is all bulled up with Trumphoria, but these developments in China deserve some caution. As the Federal Reserve tightens, something will break. Maybe it won’t be in the US. Maybe it will be the world’s second biggest economy. Either way, keep your eye on Chinese money markets. They are way more important than the market realizes.
One day after Antichrist Communist China’s regulator halted trading in bond futures for the first time ever, Beijing suffered another catalytic bond-market event overnight when it failed to sell all the Treasury Bills on auction Friday, for the first time in almost 18 months, as bids fell short of minimum requirements, according to traders required to bid at the auction.
As BBG reported overnight, the Ministry of Finance sold only 9.57 billion yuan ($1.38 billion) of 182-day bills in a planned 10 billion yuan sale, and 10.85 billion yuan of 91-day notes in a planned 12 billion yuan sale, according to a statement from the bond clearing house. What is notable, is that the Bills on offer paid a hefty yield: the 182-day bills sold for 2.9565%, while the 91-day bills sold for 2.8991%.
In other words mainland bond traders are concerned that short-term Antichrist Communist China rates could spike substantially in the next 3-6 months.
The failed auction comes despite the December 2014 adoption of a “primary dealer” system which includes 50 banks and which are required to bid at debt sales. On Friday, more than one of Antichrist Communist China’s dealers did not do as mandated, leading to the unexpected outcome.
In an amusing comment shared yesterday by the WSJ, Hao Hong, co-head of research at Bocom International said that “People woke up to the fact that the bond bubble is too large. The bond market in Antichrist China is under severe pressure, across the board.” Today’s event confirmed his observation.
The auction failure has come amid a debt selloff that has surprised investors, and which many dubbed as indicative of the bursting of the Antichrist Communist Chinese bond bubble after Antichrist Communist China’s 10-year sovereign yield plunged the most on record Thursday, leading to a brief freeze in futures trading in the $9 trillion bond market. The notes are pressured from a combination of factors, with hawkish Federal Reserve comments adding to the heat from the yuan’s decline and waning money-market liquidity. The People’s Bank of Antichrist Communist China has steered borrowing costs rates higher, forcing a correction in the highly leveraged market.
“No one has the time or demand to bid for short-end government bonds,” said Guotai Junan Securities Co. bond analyst Xu Hanfei. “Short-term funding is tight, money-market fund redemptions are ongoing, certificate of issuance rates are rising and short-term liquidity hasn’t eased markedly. In addition, sentiment in the bond market is poor. Even demand for short-end bonds is weak.”
Hopefully demand for longer-dated bonds will be stronger, although that may be bold assumption: “the Antichrist Communist Chinese bond bull market is over, as we have seen a turning point in money market rates this year,” said Yang Delong, chief economist at Shenzhen-based First Seafront Fund Management, referring to a tightening of liquidity in Antichrist Communist China that began this autumn and has recently gathered pace. If that view becomes prevalent, failed auctions will be the least of Beijing’s worries.
Antichrist Communist China Suffers Failed Treasury Bill Auction
One month ago, when we last looked at the Fed’s update of Treasuries held in custody, we noted something troubling: the number had continued to drop sharply, declining by another $14 billion in one week, and pushing the total amount of custodial paper to $2.788 trillion, the lowest since 2012. One month later, we refresh this chart and find that in last week’s update, there is finally some good news: foreign central banks finally bought some US paper held in the Fed’s custody account, which following months of liquidation, rose over the past two weeks by $23 billion, the biggest two-week advance since November of 2016, pushing the total amount of custodial paper to $2.816 trillion, the highest since early October.
That was the good news, and we use the term loosely in as much as the custody account can be used as a proxy of foreign buying, which according to most rates watchers, it can.
The bad news came out with the release of latest monthly Treasury International Capital data for the month of October, which showed that the troubling trend presented one month ago, has accelerated to an unprecedented degree.
Recall that in mid-November, we reported that in the latest 12 months we observed a record $375 billion in Treasury selling by foreign central banks in the period August 2015-September 2016, something unprecedented in size.
Fast forward to today when in the latest monthly update for the month of October, we find that what until a month ago was “merely” a record $375 billion in offshore central bank sales in the LTM period ending September 30 has, one month later, risen to a new all time high $403 billion in Treasuries sold in the past 12 months.
As the chart below shows, there has never been such an aggressive selling of US Treasuries over a 12 month period in history.
The biggest seller, and keep in mind that TIC data is on a market-price adjusted basis, was once again was Antichrist Communist China, which in October “sold” a record $41 billion in US paper (the actual underlying number while different, as this particular series is adjusted for Mark to Market variations, will be similar), and a massive $125 billion in the last 4 months, bringing its total Treasury holdings to just $1.116 trillion, the lowest amount of US paper held by Beijing since 2010. In the process, Antichrist Communist China has now been overtaken by Japan for the top US creditor position in terms of total holdings with $1.132 trillion, for just the second time.
It wasn’t just Antichrist Communist China: Belgium, which has long been rumored to be the venue where Antichrist Communist China’s keeps its “secret” offshore Treasury holdings couretsy of Euroclear, also dumped its TSY holdings, and in October its stated holdings (which again have to be adjusted for MTM), tumbled from $143Bn to $117Bn, the lowest since the summer of 2015.
Furthermore, as we have shown previously, when superimposing Antichrist Communist China and Belgium’s holdings together, these tend to allign almost perfectly with the monthly change in Antichrist Communist Chinese reserves, which as reported before, have been declining sharply in recent months as a result of Antichrist Communist China’s aggressive attempts to prevent a sharp devaluation of the Yuan. This can be seen on the chart below, and confirms that at least when it comes to Antichrist Communist China, the reason for the selling of Treasurys has been due to reserve liquidation.
As we pointed out one month ago, what has become increasingly obvious is that both foreign central banks, sovereign wealth funds, reserve managers, and virtually every other official institution in possession of US paper, is liquidating their holdings at a disturbing pace, something which in light of the recent surge in yields to over 2 year highs, appears to have been a prudent move.
In some cases, like Antichrist Communist China, this is to offset devaluation pressure; in others such as Saudi Arabia and other petroleum exporting nations, it is to provide the funds needed to offset the drop in the petrodollar, and to backstop the country’s soaring budget deficit. In all cases, it may suggest concerns about a spike in future debt issuance by the US, especially now under the pro-fiscal stimulus Trump administration.
So who are they selling to? The answer, at least until August, was private demand, in other words just like in the stock market the retail investor is the final bagholder, so when it comes to US Treasuries, “private investors” both foreign and domestic are soaking up hundreds of billions in central bank holdings. As we said two months ago when we observed this great rotation in Treasuries out of official holders into private hands, “we wonder if they would [keep buying] knowing who is selling to them.” Well, last month this changed, and after private investors had been happily snapping up bonds for 4 straight months, in September “other foreign investors” sold a whopping $31 billion, bringing the total outflow between public and private foreign holdings to $76.6 billion, the second highest number on record. In October, while foreign official entities sold another $45 billion, at least the pace of selling by private entities moderated somewhat, to “only” $18.3 billion.
Meanwhile, while just four months ago yields had tumbled to near all time lows, suddenly the picture is inverted, and long-yields are surging on concerns that not only will the ECB and the BOJ soon taper their purchases of the long end, but that Donald Trump is about to unleash a $1 trillion debt tsunami at a time when the Fed will not be available to monetize it, now that the Fed is again hiking rates.
While it is unclear under what conditions foreign buyers may come back – after all TSY rates have already jumped high enough to where US paper should be more than attractive to foreign official institutions – one thing is clear: as of this moment the selling strike not only continues but is accelerating, and should the foreign liquidation of Treasuries fail to slow, Yellen will soon have to plan how to not only abort the current rate experiment which continues to pressure yields higher around the globe, but to start thinking how to launch QE4 instead.
Antichrist Communist China Dumps Treasuries: Foreign Central Banks Liquidate A Record $403 Billion In US Paper
More proof that gold is completely manipulated. The traders even picked amount where they will not allow gold to go above. Housing starts, permits collapse. Nowcast is now predicting that GDP will drop to 1.7% for the 4th Quarter. The Dow is overbought, we haven’t seen this since the tech bubble and 2008, hold on to your seat because it is going to be a fast ride down. The Quad Witch has arrived, we will start to see major volatility in the market most likely starting in 2017. Doug Casey warns to sell your bonds now. Antichrist Communist China and other foreign central banks start to dump US Treasuries, do they know something we don’t.
Beware The ‘Quad Witch’ , It Has Arrived, Prepare Accordingly – Episode 1154a
At the December 14, 2016 FOMC press conference, Federal Reserve Chairwoman Janet Yellen responded to a reporter’s question about equity valuations and the possibility that equities are in a bubble by stating the following: “I believe it’s fair to say that they (valuations) remain within normal ranges”. She further justified her statement, by comparing equity valuations to historically low interest rates.
On May 5, 2015, Janet Yellen stated the following: “I would highlight that equity-market valuations at this point generally are quite high,” Ms. Yellen said. “Not so high when you compare returns on equity to returns on safe assets like bonds, which are also very low, but there are potential dangers there.”
In both instances, she hedged her comments on equity valuations by comparing them with the interest rate environment. In May of 2015, Yellen said equity-market valuations “are quite high” and today she claims they are “within normal ranges”? The data shown in the table below clearly argues otherwise.
Further concerning, how does one define “normal”? Does a price-to-earnings ratio that has only been experienced twice in over hundred years represent normal? Do interest rates near historical lows with the unemployment rate approaching 40-year lows represent normal? Is there anything normal about a zero-interest rate monetary policy and quadrupling of the Fed’s balance sheet?
Does the Federal Reserve, more so than the collective wisdom of millions of market participants, now think that it not only knows where interest rates should be but also what equity valuations are “normal”?
One should expect that the person in the seat of Chair of the Federal Reserve would have the decency to present facts in an honest, consistent and coherent manner. It is not only her job but her duty and obligation.
On December 15, 2016, CNBC reported the following: “The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 70, the highest level since July 2005. Fifty is the line between positive and negative sentiment. The index has not jumped by this much in one month in 20 years.”
The graph below shows how much house one can afford at various interest rates assuming a $3,000 mortgage payment.
Over the past two months U.S. mortgage rates increased almost a full percent from 3.50% to 4.375%. Given such an increase, a prospective homeowner determined to limit their mortgage payment to $3,000 a month would need to seek a 10% reduction in the price of a house. In the current interest rate environment, this equates to drop from $668,000 to $601,000 in order to achieve a $3,000 a month mortgage payment. One would expect that homebuilders temper their optimism, given that a key determinant of housing demand and ultimately their companies’ bottom lines is facing a sturdy headwind.
The point in highlighting these examples is to remind you that people’s opinions, especially those with a vested interest in a certain outcome, may not always be trustworthy. We simply urge you to examine the facts and data before blindly relying on others.
We leave you with historical insight from a few so-called experts:
“We will not have any more crashes in our time.”: John Maynard Keynes 1927
“There is no cause to worry. The high tide of prosperity will continue” : Andrew Mellon 1929
“Stock prices are likely to moderate in the coming year but that doesn’t mean the party is coming to an end.” : Phil Dow 1999
“The Federal Reserve is not currently forecasting a recession.” : Ben Bernanke 2008
Update: the FT writes that the Italian govt set to take a stake between 50% and 70% in Monte dei Paschi, up from the current 4% stake, as part of the government’s third bailout in as many years. As the FT adds, “the government rescue, which had long been resisted in Rome, is designed to draw a line under the slow-burn crisis in Italian banking that has alarmed investors and become the main source of concern for European financial regulators.”
It remains to be seen if Germany, long a critic of state bailouts, will be as agreeable.
Meanwhile, Pier Carlo Padoan, the Italin finmin, insisted that apart from a few “critical” situations, Italy’s banking system was “solid and healthy”. He vowed to “minimise, if not erase” any impact of the public intervention on the savings of ordinary citizens.
* * *
The third bailout, and re-nationalization, of Italy’s third largest banks is imminent following a Reuters report that the ongoing, JPM-led attempt to execute a complex private sector bailout of Monte Paschi has failed.
According to Reuters, Qatar’s sovereign wealth fund, long considered as the most likely anchor investor with a €1 billion allocation in any rescue plan cash call, decided it is unwilling to invest in the Italian bank, meanwhile Monte Paschi has been unable to find a replacement investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends.
As a result, the bank entire share sale, which closes at 2 p.m. (1300 GMT) on Thursday, has drawn very little interest from the wider investment community.
As laid out previously, the bank needs to raise €5 billion by the end of this month to avert being wound down. The Italian government, which earlier today got a greenlight to issue €20 billion in public debt to use for bank bailout purposes, is expected to step in this week and nationalize the bank.
The approval came after the ECB refused to extend a deadline on a €5bn recapitalisation before the end of the year and fears mounted the lender’s liquidity levels were becoming unsustainable. MPS has lost €14bn, or 11 per cent of its total deposits, from January to September 2016 and warned its liquidity provision would fall under the required levels should it suffer another €10bn of deposit outflows under a “stress” scenario calculated by the ECB. The news sent the stock plunging to record lows, shortly before the government agreed to let taxpayers shoulder the burden of yet another bailout of the insolvent bank. In addition to Monte Paschi, other banks expected to benefit from Italy’s imminent state aid include Veneto Banca, Popolare Vicenza, Cassa di Cesena, Cassa di Rimini and Cassa di San Miniato.
In addition to the new capital injection by the government, it is unclear what the “bail-in” terms of the rescue will be. While a reported by Il Messaggero earlier said that the planned government bank aid won’t hurt depositors because funds will be given under EU’s precautionary recapitalization plans, it is likely that at least some of the bondholders will be impaired. The Italian newspaper said that holders of shares and bonds in banks affected to face “soft” burden-sharing by having to participate in conversion of subordinated bonds into shares.
As shown previously, Italy is unique in that the vast majority of “bail-inable” debt on bank balance sheets is held by domestic, retail investors.
The terms of their impairment may determine the longevity of the brand new Italian government.
There is another problem: in the past both Merkel and Schauble, not to mention Djisselbloem, have made it expressly clear that a bail-in mechanism should be used to preserve insolvent banks, and a state-funded and taxpayer backed bailout/nationalization is no longer permitted. Allowing Italy to proceed with this transaction would make a mockery of Europe’s entire “bail-in” protocol, not to mention the European finance ministers’ resolve and ability to implement anything, which is why the European Commission would need to assess whether the government’s intervention is taking place at market prices or if it constitutes state aid.
Italy To Nationalize Monte Paschi After Private Sector Rescue Fails
In early European trading, shares of Italy’s third largest and most troubled bank were halted after crashing 17%, dropping to fresh all time lows, after the bank warned it is not only insolvent, but its liquidity could run out far sooner than expected.
BMPS shares initially dropped following yesterday’s news that the €5 billion private sector rescue plan appeared to be a dead end, after only €500 million in new capital was said to have been lined up, coming far short of the targeted bogey. An analysis by Swedbank said that adverse reports about Paschi’s efforts to find private capital are “quite discouraging” and added that “it seems as if a government intervention comes closer by the day.” It also noted that that government intervention that also abides by BRRD (Bank Recovery and Resolution Directive) rules will punish equity and junior bond holders, which is a major concern.
This was, however, compounded after Monte Paschi warned it expects to burn through around €11 billion euros of liquidity more quickly than previously forecast, according to a revised prospectus on the bank’s website.
The world’s oldest bank said it now expected its net liquidity position, currently standing at €10.6 billion, to turn negative after four months. This was a sharp deterioration from the most recent liquidity update just three days prior, when on Sunday the bank had forecast that a current net liquidity position would turn negative after 11 months under a number of assumptions. It said on Wednesday the position would be negative for 15 million euros on the 5th month and could worsen further to minus 740 million euros by the 12th month. This compares with the minus 100 million-euro level it forecast on Sunday for the 12th month.
The bank also noted that it had lost 11%, or €14 billion, of its total deposits from January to September 2016, and added that its liquidity levels would fall under the required level should it suffer another €10bn of deposit outflows under a “stress” scenario calculated by the European Central Bank. From the prospectus, as quoted by the FT:
The situation of the liquidity of the bank had progressively deteriorated until it reached, following the constitutional referendum of December 4, a time horizon of 29 days before which the bank would not be able to meet its liquidity requirements without seeking help from new interventions. That time horizon was calculated applying a stress situation where the bank saw an outflow of €10.3bn in a month.
However, just as the situation appeared terminally grim for the twice-bailed out bank, its shares soared briefly recovering all losses when moments ago Italy’s upper house of parliament approved a government request to borrow up to €20 billion in new public debt to underwrite bailouts of the country’s various troubled banks. The vote came just minutes after the lower house had also given its authorization for a hike in the national debt to cover an eventual intervention.
The twin votes clear the way for government action, possibly this week, and the result was a bout of optimism that Italy may just have kicked the can one more time, on expectations Monte Paschi would quickly request state funds to prevent it from collapse.
Amusingly, earlier in the day, Italy’s Finance Minister Padon told lawmakers that the “Italian banking system was solid.” Maybe it is for the next few months, and all it will cost taxpayers is another €20 billion in public debt.
We now await Germany’s statement on what appears to be yet another government bailout of insolvent European banks.
Monte Paschi Crashes To All Time Low, Rebounds After Government Agrees To Fund Bank Bailouts
Total chaos reigns in European banking stocks this morning as Monte Paschi shares crash, soar, and plunge amid on-again, off-again bail-in, bail-out headlines (and stocks and bonds hit record lows). However, Italy is now not alone as Spanish banks are also bloodbathing following a European Court ruling on mortgage fraud went against them.
As MishTalk.com’s Michael Shedlock explains, bondholder bail-ins are on the way in Italy as private investors pulled the plug on a bank rescue. Rome plans a €20 billion bank bailout, but under eurozone rules junior bondholders have to take a hit.
Please consider Italy braces for Monte dei Paschi Rescue.
On Monday night, Italy’s finance minister Pier Carlo Padoan confirmed Italy is readying a €20bn rescue fund for MPS and other weak lenders as the chances of a successful €5bn private recapitalisation of the Siena-based bank recede.
By the evening of Thursday at the latest, it should be clear whether MPS, which was founded in 1472, will have been rescued by the private sector via a €4.5bn debt-for-equity swap and funds from anchor investors including the Qatar Investment Authority. As of Monday only €200m had been committed to the swap, suggesting the chances of pulling off the rescue are slim, said people close to the deal.
MPS’s debt-for-equity swap will close at 2pm Italian time on Wednesday. If it goes badly MPS could already ask the government to step in, said one Italian official.
According to an Italian official only about €2bn of the €20bn will be used for liquidity guarantees, and the rest for recapitalisations and for compensating some retail bondholders. Other banks will be rescued on a case-by-case basis over the coming months now that Italy has its “bazooka”. The €20bn rescue fund will abide by EU rules on so-called burden-sharing, which force losses on junior bondholders.
Italy’s banks currently have one of the highest problem loan ratios in Europe at 16.4 per cent of total loans, more than three times the European average of 5.4 per cent, according to Moody’s Investors Services and data from the European Banking Authority.
Nicolas Véron, an economist and senior fellow at Brussels think-tank Bruegel, argues that “assuming reasonable competent handling, the entire Italian bank system may reach an adequate level capitalisation to allow it to start working out its bad loans by the summer of 2017”.
Adding to confidence, UniCredit, Italy’s only globally significant bank, is expected be able to raise €13bn in new capital on the private market next year, say investors.
Bankers say reforming a fragmented system, of more than 500 banks, with weak profitability requires deep cuts of between 50,000 and 150,000 jobs by some estimates.
Bail-ins Coming, Expect More
Italian officials and bankers argue a capital injection of €20 billion will be sufficient to stem concerns about Italy’s banks by allowing adequate provisions for bad loans weighing on its economic recovery.
European Banking Bloodbath Spreads To Spain After Italy Fires €20 Billion “Bazooka” At €360 Billion Problem
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I scoff at the notion €20 billion will come close to curing the problem. Italy’s banks have a combined €360 billion of nonperforming loans that they admit to.
It takes quite a stretch of the imagination to presume €20 billion “bazooka” will plug a €360 billion hole. To do so would require an unbelievable recovery rate on those nonperforming loans.
€20 billion will not be enough. Heck, €120 billion is probably not enough. And on top of it all, between 50,000 and 150,000 job cuts are coming.
Has anyone asked “How those 50,000 to 150,000 will pay their bills?”
For now the pain remains in BMPS with Unicredit and Sanpaolo ‘stable’…
And BMPS bonds have collapsed to record lows… pricing in a major haircut/bail-in…
But it’s not just Italy, Bloomberg reports that Spanish banking stocks fall after the European Court of Justice ruled that the May 2013 cut-off point for unfair home mortgage payment reimbursements is illegal.
Borrowers who paid too much interest on home loans pre-dating a May 2013 Spanish ruling on so-called mortgage floors are entitled to a refund from their banks, judges at the EU Court of Justice ruled in Luxembourg Wednesday.
The court said that a proposed time limit on the refunds is illegal and customers shouldn’t be bound by such unfair terms. Banco Sabadell SA fell as much as 7.5 percent, while Banco Popular slipped as much as 10.5 percent, the largest decliner in Spain’s Ibex 35 benchmark.
“This comes as a surprise and in a bad moment for Spanish banks as most of them would have to make extra provisions to pay for this,” Daragh Quinn, an analyst at Keefe Bruyette & Woods, said by phone. “It will mean pressure on capital generation and profits in the fourth quarter.”
The EU court case comes as Spanish banks are under pressure from low interest rates and weak demand for credit, affecting their traditional business of lending. With 521 billion euros, home loans are one of the largest parts of Spanish bank lending business as they grew their real estate exposure during a construction boom in the country that burst at the end of the last decade. Some banks are still making provisions for bad loans, which also adds pressure to profit.
Banco Popular Espanol shares fall 7%, Caixabank 3.2% and Banco de Sabadell 3.4%. Santander falls 1.25% and Bankinter by just 0.1%.
US equity futures and Asian stocks were unchanged while European stocks declined after touching the highest level in almost a year, as Italian and Spanish banks dragged indexes lower. The dollar eased back from 14-year highs as bond yields fell on Wednesday and oil extended its advance in increasingly thin trading.
Spanish banks fell after a ruling in the European Union’s top court that may result in them handing back billions of euros to mortgage customers. Bank shares tumbled by as much as 10%. Borrowers who paid too much interest on home loans pre-dating a May 2013 Spanish ruling on so-called mortgage floors are entitled to a refund from their banks, judges at the EU Court of Justice ruled in Luxembourg Wednesday.
As Bloomberg reports, the court said that a proposed time limit on the refunds is illegal and customers shouldn’t be bound by such unfair terms. Banco Sabadell SA fell as much as 7.5 percent, while Banco Popular slipped as much as 10.5%, the largest decliner in Spain’s Ibex 35 benchmark.
“This comes as a surprise and in a bad moment for Spanish banks as most of them would have to make extra provisions to pay for this,” Daragh Quinn, an analyst at Keefe Bruyette & Woods, said by phone. “It will mean pressure on capital generation and profits in the fourth quarter.”
Meanwhile in Italy, Banca Monte dei Paschi di Siena SpA fell on concern it may fail in its efforts to raise €5 billion euros of funds and after it said its liquidity may turn negative in four months. Oil traded above $53.50 a barrel as data showed U.S. stockpiles declined last week. The yen strengthened and the dollar slid from the highest since 2003 versus the euro.
Looking at Bloomberg data, volumes are thinning and swings in global equities are muted, with European equity volatility dropping to the lowest since 2014. The Trumflation rally has proppelled the Dow Jones to all time highs just shy of 20,000 on prospects for increased government spending in the U.S. and while Ray Dalio offered praise for Trump’s policies, Mohamed El-Erian and his former colleagues at Pacific Investment Management Co. say now’s a good time to take advantage of the latest rallies in global financial markets and scale back from risk.
“It makes total sense to take some money off the table,” El-Erian, the chief economic adviser at Allianz SE said Tuesday. “We’ve priced in no policy mistakes. We’ve priced in no market accidents, and we’ve ignored all sorts of political issues,” he said on Bloomberg TV. In October, El-Erian said that he held about 30 percent of his own money in cash.
The MSCI index of Asia-Pacific shares ex-Japan inched up 0.1% after a string of losses. Tokyo’s Nikkei share average fell, pulling back from earlier one-year highs to close down 0.3 percent.
In Europe, the Stoxx Europe 600 Index fell 0.1 percent in early trading. The gauge closed at its highest level since December 2015 on Tuesday. European banks led declines, falling 0.5%. Futures on the S&P 500 Index were little changed The gauge rose 0.3 percent to 2,266.5 on Tuesday, a point below its all-time high. The Dow Jones Industrial Average closed at record 19,974.62.
Yields on 10-year Treasury notes fell less than one basis point to 2.55 percent, after gaining two basis points Tuesday. Germany’s 10-year bund yields dropped two basis points to 0.25%. Among lower-rated bonds.
Spanish 10-year yields fell to five-week lows and Italian
equivalents also fell on concerns over banks. The premium over Spain that Italy would pay to borrow in bond markets briefly topped 50 bps for the first time since just after a failed Dec. 4 referendum on constitutional reform triggered Italian premier Matteo Renzi’s resignation.
The Bloomberg Dollar Spot Index was little changed after climbing for two straight days. The measure’s gain for the quarter is 7.6 percent, heading for the biggest three-month advance since the third quarter of 2008. Many analysts still see the dollar rising further, possibly to parity with the euro. “The euro is in a fight between short-covering pressure and political angst. Economics doesn’t come into it at all. If Dow 20,000 is just a number but a magnet all the same, euro parity with the dollar will be every bit as magnetic,” said Kit Juckes at Societe Generale. “We’ll get there and get over-excited before too long.”
“We are seeing quite a lot of volatility. It is driven by the direction of the U.S. dollar. (Gold) is just marking time before it makes its next big move. It is in a very, very strong down channel,” said Jeffrey Halley, senior market analyst at OANDA.
The Swedish crown hit a two-month high against the euro after the Riksbank kept interest rates on hold and expanded its asset-buying program.
Lack of more dollar strength pushed oil higher by 0.7% to $53.69 in New York. Crude inventories dropped by 4.15 million barrels according to API data, and ahead of the EIA weekly report today which is expected to show further inventory declines.
Dow At All Time High, Dollar Dips, Europe Lower Dragged By Sliding Spanish, Italian Banks
Bloodletting in one of the most conservative investments.
Foreigners are Dumping US Treasurys as Never Before
All kinds of things are now happening in the world of bonds that haven’t happened before. For example, authorities in Antichrist Communist China today halted trading for the first time ever in futures contracts of government bonds, after prices had swooned, with the 10-year yield hitting 3.4%. Trading didn’t resume until after the People’s Bank of Antichrist Communist China injected $22 billion into the short-term money market.
What does this turmoil have to do with US Treasurys? China has been dumping them to stave off problems in its own house….
The US Treasury Department released its Treasury International Capital data for October, and what it said about the dynamics of Treasury securities is a doozie of historic proportions.
Net “acquisitions” of Treasury bonds & notes by “private” investors amounted to a negative $18.3 billion in October, according to the TIC data. In other words, “private” foreign investors sold $18.3 billion more than they bought. And “official” foreign investors, which include central banks, dumped a net $45.3 billion in Treasury bonds and notes. Combined, they unloaded $63.5 billion in October.
In September, these foreign entities had already dumped a record $76.6 billion. They have now dumped Treasury paper for seven months in a row. Over the past 12 months through October, they unloaded $318.2 billion:
A 12-month selling spree in this magnitude has never occurred before. There have been a few months of timid net selling in 2012, and some in 2013, and a few in 2014, but no big deal because the Fed was buying under its QE programs. But then, with QE tapered out of the way, the selling picked up in 2015, and has sharply accelerated in 2016.
This chart (via Trading Economics), going back to the early 1980s, shows just how historic this wholesale dumping (circled in red) of US Treasury bonds and notes by foreign entities has been:
The chart is particularly telling: It shows in brutal clarity that foreign buyers funded the $1 trillion-and-over annual deficits during and after the Financial Crisis, with net purchases in several months exceeding $100 billion. The other big buyer was the Fed.
But since last year, the world has changed. Antichrist Communist China, once the largest holder of US Treasurys, has been busy trying to keep a lid on its own financial problems that are threatening to boil over. It’s trying to prop up the yuan. It’s trying furiously to stem rampant capital flight. It’s trying to keep its asset bubbles, particularly in the property sector, from getting bigger and from imploding – all at the same time. And in doing so, it has been selling foreign exchange reserves hand over fist.
According to the TIC data (market price adjusted), Antichrist Communist China was the largest seller in October, unloading $41 billion. Over the last six months, it unloaded $128 billion. This slashed its holdings of Treasury securities to $1.116 trillion, below the holdings of Japan. Japan, now the largest holder of Treasury securities, reduced its holdings by $4.5 billion in October to $1.132 trillion.
Japan and Antichrist Communist China are by far the largest two creditors of the US – the US still owes them $2.25 trillion – and they’re cutting back their lending.
But who’s buying this paper? For every seller, there must be a buyer. But when demand sags, sellers have to offer a better deal. So they have to cut the price – for buyers, it means that the yield rises and becomes more attractive. The yield of the 10-year Treasury has nearly doubled since July this year, settling today at 2.60%:
At this yield, Treasurys found buyers today. But the remaining buyers – now that the biggest holders have turned into sellers – may demand even higher yields in the future. This comes on top of a lot of new supply: Over the last 24 months, the US gross national debt has ballooned by $1.85 trillion, or by about $925 billion per 12-month period (using the two-year average eliminates the distortions of the debt ceiling fight). Soon, the US gross national debt will hit $20 trillion.
And given President Elect Trump’s ambitious deficit-spending and tax-cut programs, a lot more debt may soon wash over the market. But this time, neither Antichrist Communist China nor Japan, nor the other major foreign entities may be willing and able to bail out the US, as they’ve done during and after the Financial Crisis. The bond market sees this too. Hence, the bloodletting in Treasurys, considered among the most conservative investments in the world.
But the “death of the dollar” will have to be rescheduled. Read… Currency Armageddon? A Word about the Hated Dollar
Having allowed Antichrist Communist Chinese money launderers to create a massive bubble out of the Vancouver housing market for the past several years despite loud warnings from numerous sources (this site included) until its inevitable crackdown this summer, when it imposed a tax on offshore purchases, popping the ultra high end housing bubble and sending Antichrist Communist Chinese buyers south of the border to Seattle (although after a sharp drop may be staging a quick rebound as the latest chart from the MLS shows)…
… British Columbia is now focusing on the low end of homebuyers, where the British Columbia government is repeating all the worst mistakes of the first bubble, and has offered to “help” first-time homebuyers to cover the cost of a mortgage down payment with an interest-free loan.
The B.C. Home Owner Mortgage and Equity Partnership program will provide a maximum of $37,500, or up to 5% of the purchase price, with a 25-year loan that is interest-free and payment-free for the first five years. In other words, homebuyers will soon be able to once again buy homes with no money down, leading to a repeat bubble, only this time on the lower end of the price range..
“The dream of home ownership must remain in the grasp of the middle class here in British Columbia,” said Premier Christy Clark cited by CBC.
While the stated intention of the program is noble, to assist people who can afford the mortgage payments on a new home but are challenged to make the down payment, based on historical precedent, with no “skin in the game”, buyers will now scramble to bid up everything that is available for sale, sending the green (and red) lines in the chart above soaring.
The province will start accepting applications for the program on Jan. 16, 2017.
Furthermore, homebuyers will pay no monthly interest or principal payments over the first five years as long as the home remains their principal residence. After the first five years, homebuyers begin making monthly payments at current interest rates. Homebuyers will repay the loan over the remaining 20 years, but may make extra payments or repay it in full at any time without penalty.
Making sure that Antichrist Communist Chinese oligarchs do not take advantage of Canadian generosity, the program is capped with a maximum purchase price of a home that qualifies for the loan is $750,000.
That said, there are substantial eligibility requirements. Applicants must be permanent Canadian residents for the past five years and B.C. residents for the past year. The income or combined income of applicants must be $150,000 or less. Homebuyers needs to be pre-qualified for a high-ratio insured mortgage and can buy anywhere in B.C.
The loan support will run for three years and the province estimates about 42,000 new homebuyers will take advantage of the program.
There is even a pretty infographic for those who like these things explained with the help of cartoons.
Vancouver Goes For Housing Bubble #2: Will Fund Home Down Payments With Interest-Free Loans
Update: The IMF says in a statement following the Lagarde news that its board will meet shortly to consider the conviction.
“The executive board has met on previous occasions to consider developments related to the legal proceedings in France,” IMF spokesman Gerry Rice says in e-mail, and adds that “It is expected that the board will meet again shortly to consider the most recent developments”:
International Monetary Fund Managing Director Christine Lagarde was found guilty of one count of negligence by a French court today, according to Bloomberg News. She was accused of failing to prevent a massive government payout to businessman Bernard Tapie eight years ago, while serving as France’s finance minister, but most surprising, she will face no fine or jail sentence.
Ms. Lagarde was on trial on allegations of negligence stemming from her role nearly 10 years ago settling a dispute between the French state and business tycoon Bernard Tapie. The verdict is a blow to the IMF chief who had said Friday that the trial would end a five-year “ordeal” for her family and former colleagues.
The conviction places both Ms. Lagarde and the IMF in a bind after the fund approved a second term for her as managing director earlier this year. However, it doesn’t necessarily mean the IMF will have to eject Ms. Lagarde from her post, where she has won broad international support among both the fund’s largest shareholders, and its smaller members.
Some more details from Bloomberg:
International Monetary Fund chief Christine Lagarde convicted of one count of negligence by Paris court over her handling of a multi-million dispute when she was France’s finance minister.
60-year-old IMF managing director convicted at the Cour de Justice de la Republique, over events that occurred nearly a decade ago
Lagarde won’t face fine or jail sentence, judge says
Lagarde was negligent in 2008 decision not to appeal arbitration, judge says
Lagarde decided in mid-2008 not to appeal a 285 million-euro ($303-million) arbitration award for businessman Bernard Tapie that led to a massive government payout
Lagarde was cleared of second count related to her 2007 decision to take Tapie dispute to arbitration
Case stems from former state-owned bank Credit Lyonnais’s disagreement with Tapie over the 1993 sale of Adidas AG, which he owned
The IMF has just issued a brief statement:
*IMF BOARD TO MEET SHORTLY TO DISCUSS LAGARDE TRIAL DEVELOPMENTS
Of course, this wouldn’t be the first time that an IMF head has been “sacrificed” for the greater good: recall the impressive framing of Lagarde’s predecessor Dominique Strauss-Khan, who from frontrunning French presidential candidate, suffered a political and career trainwreck overnight when he allegedly raped a maid at a NYC hotel.
IMF Head Lagarde Convicted Of Negligence, Faces No Jail Time; IMF Board To Meet Shortly
While Italy scrambles to conclude a private sector rescue of ailing Monte Paschi, which hopes to raise €5 billion in the form a share sale to anchor and retail investors, while at the same time the bank is underoing a debt for equity swap, moments ago Reuters reported that Italy’s cabinet will meet later on Monday to authorise an increase to the national debt to cover the cost of saving Monte dei Paschi di Siena, should a public bailout be unavoidable, as well as other ailing banks, government sources said cited by Reuters.
As reported yesterday, Monte dei Paschi has launched a 5-billion-euro (4.2 billion pounds) capital increase and must raise the money by the end of the year or face being wound down. If it cannot find takers in the private sector, the government will be forced to step in.
Sources told Reuters last week that the government was ready to pump €15 billion euros – just under one percentage point of gross domestic product – into Monte dei Paschi and other ailing banks. Before it can do that, it needs authorisation to lift national debt levels, which it will do tonight at 7:30pm CET when the cabinet will meet with the Italian parliament to discuss increasing Italy’s public debt to fund bank bailouts.
Meanwhile, after having soared in the early part of December following the failed Renzi referendum, Italian banks slid today on concerns over the successful conclusion of the Monte Paschi bailout.
The reason for today’s selloff may be that, as Reuters also reports in a separate note, Monte Paschi is trying to resolve differences with a key investor over the 5 billion euro rescue plan. Monte dei Paschi has failed to find buyers for its shares so far Reuters notes, adding that on Monday, it shook the market again with a warning that Italian bank industry bailout fund Atlante was rethinking its 1.5 billion euro purchase of bad loans from the lender.
Atlante had expressed “deep reservations” in a Dec. 17 letter over the terms of a bridge loan that Monte dei Paschi had secured as part of the sale of bad loans, the bank said. Monte dei Paschi shares extended losses on the news, erasing a week’s gains to trade down 7.7 percent at 19.3 euros each.
“If issues raised by (Atlante’s manager) Quaestio cannot be solved, the operation could not be concluded by Dec. 31, 2016 as requested by the European Central Bank,” the bank said in a statement.
However, Carlo Messina, chief executive of Intesa Sanpaolo one of Atlante’s top contributors, said he believed the investment fund should go ahead with the deal and that it would reach a decision by Tuesday at the latest.
What makes the rescue problematic is that there are many moving parts, including not only the share sale and the debt-for-equity swap, but also a successfully executed bridge loan as well as the securitization, and sale of its nonperforming loans to third party investors.
As part of its own faltering rescue plan, Monte dei Paschi has taken out a 4.7 billion euro bridge loan with JPMorgan, Mediobanca (MDBI.MI), Credit Suisse and HSBC.
JPMorgan and Mediobanca have been working on the bank’s rescue plan and have already come under fire from opposition politicians who object to them earning fees in the event of a state bailout, especially fees accruing on the bridge loan. Monte dei Paschi needs the loan to help complete the sale of bad debts, which are to be repackaged as debt securities worth 9 billion euros. The loan is worth around half of that, but it is secured against all the securities — which is the source of concern for Atlante, said a source familiar with the matter.
Atlante, whose shareholders include Italy’s top banks and insurers as well as state-owned entities, is due to buy a 1.5 billion euro tranche of the securities. It could see its notes claimed by the four banks if the bridge loan is not repaid.
A worst case scenario, should the private bailout fail, a state rescue would require many investors, including ordinary Italians, to bear losses and would risk provoking a political backlash.
Italy Seeks Authorization To Raise National Debt To Fund Bank Bailouts, As BMPS Rescue Plan In Jeopardy
Barron’s Asia: When you look ahead to 2017, what keeps you awake at night?
Central Banker Sees “Scary” 2017
Amando Tetangco: Short term, the Fed rate hikes — the timing and the magnitude. Of course, this would be related to the policies that the new U.S. administration will adopt. Medium-to-long term, the retreat from multi-lateralism. That is related to the performance of the global economy – the major and various economies, and emerging markets like Antichrist Communist China.
“Scary stuff” – that’s not the kind of utterance one would expect to hear from a central banker, but in this interview posted on Barron’s Asia with Amando Tetangco of the Philippines, “scary” is just how the central banker defines the increasingly chaotic global environment. Between Donald Trump’s shock election, Brexit, Italians showing their prime minister the door and fallout from quantitative-easing programs, 2016 has been an unusually unruly year. Will 2017 be a kinder, gentler one? Sadly no, says the governor of Bangko Sentral ng Pilipinas.
Barron’s Asia sat down with Tetangco in his Manila office to hear why “scary” days lie ahead.
“Gold Is Now Effectively Illegal” In India – The Consequences Of Creating A Cashless Society
Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of it) and why precious metals and geographical diversification are the most viable options investors around the world, not just India, should be taking.
“The situation is getting worse by the day… people are desperate”
Jayant provides the clearest explanation of where India is (and where it is going) in the brief interview with ProvenAndProbable.com’s Maurice Jackson …
As Jayant detailed previously, expect a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization.
There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.
Gold Bullion Is Now Effectively Illegal
Assaults on people’s private property and the integrity of their homes through tax-raids continue. In a recent notification, government has made it clear that any ownership of jewelry above 500 grams of gold per married woman will be put under the microscopic scrutiny of tax authorities.
Steep taxes and penalties will be imposed on those who cannot prove the source of their gold. In India’s Orwellian new-speak this means that because bullion has not been explicitly mentioned, its ownership will be deemed to be illegal. Courts will do what Modi wants. Huge bribes will have to be paid.
Sane people are of course cleaning up their bank lockers. The secondary consequence of this will be a steep increase in unreported crimes, for people will be afraid of going to the police after a theft, fearing that the tax authorities will then ask questions. At the same time, the gold market has mostly gone underground, and apparently the volume of gold buying has gone up.
The salaried middle class is the consumption class, often heavily indebted. Poor people have limited amounts of gold. The government is merely doing what pleases the majority and their sense of envy, to the detriment of small businesses and savers. Now, the middle class is starting to face problems as well. This will worsen once the the impact of the destruction of small businesses becomes obvious.
India has always had a negative-yielding economy. It has suddenly become even more negative-yielding. Business risk has gone through the roof. Savers will be victimized. It is because of negative yields that Indian savers buy gold. They will buy more going forward.
Sane Indians should stay a step ahead of their rapacious government and the evolving totalitarian society, which are less and less inhibited by any institutions or values in support of liberty.
India will become a police state, likely with the full support of most Indians. Nationalism will be the thread that weaves them together. But it is a fake thread, devoid of any value. Eventually, there will be far too many stresses in the system, whose institutions are already in an advance stage of decay.
India as it exists today is a British creation. With the British now gone for 69 years, it is an entity has less and less reason to exist in its current form. The glue of reason that the British have applied is flaking, and it is doing so rapidly under the catalyst by name of Narendra Modi.
TIME MAGAZINE JUST SHOCKED EVERY AMERICAN! YOU WON’T BELIEVE THE EVIL THEY UNLEASHED
Time Magazine, one of American’s famous weekly news magazines published in New York City has just published a magazine that supports anti-American and unconstitutional doctrine. Everything from the abolishment of the electoral college, to replacing the Senate with an assembly of governors, to allowing the Supreme court to modify our Constitution was boasted about. This would literally change our capitalism country into a tyrannical technocracy.
In the video below I interview Patrick Wood, author of Technocracy Rising: The Trojan Horse of Global Transformation, who years before predicted this very evil would stick its tentacles into our system, and he was right! Here we are, nearing 2017, and technocracy is being paraded by Time Magazine. I believe you’ll find this interview worth while….
TIME Magazine Just SHOCKED Every American! You Won’t Believe The Evil They Unleashed
Sprott Money News Ask The Expert December 2016 – Jim Willie
Jim Willie, author of The Hat Trick Letter, fields questions from Sprott Money customers on gold, the global economy and the future of the U.S. dollar.
Financial terrorist Bilderberg / NWO Bank Of England have started the terrorism of “Cashless Society”, are secretly removing the £50 from circulation, by not printing replacement notes. This is being done under pretext of stopping funding terrorism and money laundering. the REAL reason is to rob you blind of your life savings and wages in the cashless society by the terrorist bankers and governments.
Venezuela’s 100-bolivar note withdrawal causes chaos
Venezuela’s highest denomination banknote has ceased to be legal tender, in a move that has caused cash chaos and long queues at banks.
Is Antichrist NWO 666 President Barack Hussein Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown acting as a ‘de facto’ arm of the Central Intelligence Agency? Today on TRUNEWS, Pastor Rick Wiles is joined by author and researcher Steve Quayle to discuss the legacy of war and subversion the outgoing Instigator-in-Chief is planning to leave the world. Pastor Rick shares the troubling threats from Barry Soetoro to launch an Stuxnet style attack on Russian infrastructure for the still unproven accusation Vladimir Putz Putin was behind the Trump landslide victory
DESTROYING THE “FAKE NEWS” MEME, ONE FACT AT A TIME — Doug Hagmann
The Associated Press joins the ranks of stopping the real news which they call fake news. Facebook will be using these fact check networks that are bought and paid for by the US Government and CIA. Russia and Putz Putin want the US to prove that they cyber attacked the election system. Obama is taking the Russian hacking to the next level, he is preparing to cyber attack Russia. The Washington Post is reporting that the FBI and the DNI have now flipped and they agree with the CIA. Libya is throwing out the UN Backed government they are preparing a new road map.The truce is off in Aleppo because the moderate rebels (terrorists) broke the truce. The Council For Foreign Relations sees a war coming.
Obozo And The Elite Will Try To Bring War Upon The People – Episode 1154b
One man was found dead following a crash involving 23 vehicles, including two tractor trailers, on I-495 in Fairfax County Saturday morning, according to police.
Man found dead after crash involving 23 vehicles on I-495 in Virginia
Virginia State Police say they believe the man was involved in the crash but then walked away from his disabled vehicle. He was found dead a mile north of the crash at the 49 mile marker in the shoulder of I-495.
Freezing rain causes 55-car pileup, tanker explosion on Baltimore’s I-95
Truck Ploughs Into Berlin Christmas Market Leaving At Least Nine Dead, 50 Injured In Apparent Terrorist Attack
A truck plowed into a crowd at a busy Christmas market in western Berlin leaving at least nine dead according to Berlin police, and over 50 people injured.
Local media, citing police at the scene, said first indications pointed to an attack on the market, situated near the fashionable Kurfuerstendamm avenue and at the foot of the ruined Kaiser Wilhelm memorial church that was kept as a ruin after World War Two. A police spokesperson told German media that they are treating the truck incident in Berlin as a terrorist attack.
The incident evoked memories of an attack in France in July when Tunisian-born Mohamed Lahouaiej Bouhlel drove a 19-tonne truck along the beach front, mowing down people who had gathered to watch the fireworks on Bastille Day, killing 86 people. Police shot the driver dead in the Nice attack claimed by Islamic State.
Television pictures from Berlin showed the truck standing amid debris by small wooden stalls that make up the “Christkindlmarkt” of which there are several in Berlin at this time of year. Police cars and ambulances converged on the scene
According to German media, the Police have said that the first indications from the ongoing investigation suggest the truck crash was an attack on the Christmas market.
The man believed to have driven a truck into a crowded Christmas market in Berlin Monday evening had come to Germany as a refugee from Pakistan this past February, multiple German media outlets reported.
The attack killed at least 12 people and left 48 others injured. Officials in Germany and the United States have described the crash as an apparent terror attack, though no group has claimed responsibility.
Suspect in Berlin Christmas market attack came to Germany as refugee, reports say
If confirmed, the revelations are likely to heap more pressure onto German Chancellor Angela Merkel, whose decision to accept waves of migrants from Africa and the Middle East has stoked controversy and unsettled Germany and Europe.
Der Tagesspiegel reported that the suspect, whom the paper said was Afghan or Pakistani, was known to police for multiple minor offenses, but had not made the radar of anti-terror authorities. The dpa press agency reported that the suspect used multiple names, making it difficult for authorities to confirm his actual identity.
Big Earthquakes Continue, Record Cold | S0 News Dec.19.2016
CODY, Wyo. –
A blizzard in the Beartooth Mountains outside Cody trapped snow plow drivers and even the tow truck that came to pull them out. An amazing rescue saved one plow truck driver who spent all night in the cab of his plow. He survived deadly cold and wind.
Snowplow drivers get stuck in 65 below zero temperatures
There is No Tsunami Warning, Advisory, Watch, or Threat in effect.
Another major quake the 6th to strike our planet since Saturday afternoon and incredibly the 9th in this area this month as well as including the massive mag 8.0 in Papua New Guinea on the 17th and the mag 7.8 on the 8th, the area is suffering hundreds of aftershocks too.
We could be in for more major quake activity as an enormous coronal hole on the Sun is still facing Earth directly. This morning’s strike is the 14th major quake of December and the 142nd of 2016.
This is a “coronal hole”–a region in the sun’s atmosphere where the magnetic field opens up and allows solar wind to escape. We’ve actually seen this coronal hole before–at least twice. It is rotating around with the sun, strobing Earth like a lighthouse every ~27 days. The last two times we experienced its solar wind (Oct. 25-28 and Nov. 23-26), G1- and G2-class magnetic storms sparked bright polar auroras. A repeat performance is likely in the week ahead. Spaceweather.com
It’s the sixth major quake in 3 days and the 9th in this area this month and with a huge coronal hole still facing Earth: More to come?
Earlier this morning, Wikileaks released a massive insurance leak.
83 Gib to be exact.
ALERT: Wikileaks Just Released 83 GiB of “Insurance” Files
Quite large for some text files. Some suspect it contains video files.
Some are even floating the idea that the videos show politicians engaged in unspeakable acts of some sort, but nobody can say for sure yet.
Will Antichrist NWO 666 President Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown’s madness provoke him to start a war during Christmas? Today on TRUNEWS, Pastor Rick Wiles discusses the ‘repugnant’ blowback from Antichrist NWO 666 German Chancellor Angela Merkel’s rampant Antichrist Muslim immigration policy. Pastor Rick also details the icy tension between the West and Russia following the assassinations of Ambassador Karlov and diplomat Peter Polshikov. In part 2, international trends forecaster Gerald Celente joins the program to deliver his outlook on 2017. In part 3, correspondent Edward Szall gives today’s Trump transition press update, Fior Hernandez shares a dire prayer alert from two ministers, and Edward speaks with Texas Christian Country Singer Wade Cooper about his testimony and evangelism through music
Greg Hunter Weekly News Wrap-Up 12.23.16
Reading for December 24, 2016 ~ Kislev 24, 5777
Gen 37:1-40:23 ~ Amos 2:6-3:8 ~ John 2:13-4:42
Saturday, December 24, 2016: And he dwelt…