We’re Out of Time
In America and throughout the Western world, events that are changing the geopolitical landscape are happening at a pace like no other time in modern history. Given the frenzied pace of ever-changing headlines and dire reports, it cannot be clearer that we’re out of time. The prophetic warnings of the past are unfolding before us.
U.S. Government to Lift Ban on Part-Human, Part-Animal Embryos
The federal government announced plans Thursday to lift a moratorium on funding of controversial experiments that use human stem cells to create animal embryos that are partly human.
The National Institutes of Health is proposing a new policy to permit scientists to get federal money to make embryos, known as chimeras, under certain carefully monitored conditions.
The NIH imposed a moratorium on funding these experiments in September because they could raise ethical concerns.
One issue is that scientists might inadvertently create animals that have partly human brains, endowing them with some semblance of human consciousness or human thinking abilities. Another is that they could develop into animals with human sperm and eggs and breed, producing human embryos or fetuses inside animals or hybrid creatures.
But scientists have argued that they could take steps to prevent those outcomes and that the embryos provide invaluable tools for medical research.
For example, scientists hope to use the embryos to create animal models of human diseases, which could lead to new ways to prevent and treat illnesses. Researchers also hope to produce sheep, pigs and cows with human hearts, kidneys, livers, pancreases and possibly other organs that could be used for transplants.
In addition, the NIH would even consider experiments that could create animals with human sperm and human eggs since they may be useful for studying human development and infertility. But in that case steps would have to be taken to prevent the animals from breeding.
Several scientists said they are thrilled by the new policy. “It’s very, very welcome news that NIH will consider funding this type of research,” says Pablo Ross, a developmental biologist at the University of California, Davis, trying to grow human organs in farm animals. “We need funding to be able to answer some very important questions.”
But critics denounced the decision. “Science fiction writers might have imagined worlds like this — like The Island of Dr. Moreau, Brave New World, Frankenstein,” says Stuart Newman, a biologist at New York Medical College. “They’ve been speculations. But now they’re becoming more real. And I think that we just can’t say that since it’s possible then let’s do it.”
the centralization of banking under this system would also create a Leviathan with the power to monitor and control the personal finances of every citizen in the country. (and allow for the Antichrist 666 Mark Of The Beast power to rule everywhere on Earth the same way) This is one of the chief reasons why many are loath to give up on hard currency. With digital money, the Antichrist NWO 666 government beast could view any financial transaction and obtain a flow of information about personal spending that could be used against an individual in a whole host of scenarios. In other words, it would be virtually impossible to hide money under your mattress. But creating and respecting privacy firewalls and rethinking legal-tender laws could mitigate the dangers of monopoly and stifled competition in currency markets.
Implementation would probably create the toughest problems. Today bitcoin and other digital currencies are mostly used by relatively affluent men between the ages of 19 and 44. Not all citizens would be comfortable switching to a virtual currency, and the poor and computer-illiterate would be most vulnerable to being left behind. To accommodate these users, the U.S. Mint could place a digital token in each newly issued dollar bill, with a cryptographic key embedded in a hologram to enable digital tracking on the central bank’s blockchain. Such physical manifestations of digital currency already exist in the bitcoin market and would allow individuals to participate in a scheme of digital currency without having to change their behavior.
However, a transition to digital currency might come at a large cost for the U.S. in particular, because the dollar remains the world’s de facto reserve currency. The U.S. collects enormous seigniorage revenue that accrues to the economy when the Federal Reserve prints dollars that are exported abroad in exchange for foreign goods and services. These bank notes ultimately end up in countries with less reliable central banks where locals prefer to hold U.S. currency instead of their own. Forfeiting this franchise as the world’s reserve currency might be too costly, as the U.S. currency held abroad exceeds half a trillion dollars, according to reliable estimates. Unless it is prepared to take deposits from people all over the world who are looking for safe havens, the Fed might sit on the sidelines and watch other countries take the lead in replacing their physical money with digital.
Despite its shortcomings, would this system make sense for the U.S.? With less physical currency being used every year, the Federal Reserve would be negligent not to consider the possibilities. The march of digital commerce may eventually make the benefits seem overwhelming, and it would be wise to be ahead of the game rather than trying to catch up at the last minute.
Preparing For The Prophetic 666 Antichrist Mark Of The Beast World Without Cash
So, while carefully worded, it seems the authors recognize that digital dollars are an asset only to heightened Federal government tyranny… and yet believe this idea should be pursued?
At the rate that American taxpayer cash is heading to Tehran, perhaps a shift to a digital currency does make sense?
BofA: “45% Of The Global Bond Market Is Now Compromised By Central Bank Buying”
In a recent Yahoo Finance article (h/t Nick Webb), Richard (Baal Gate) Bernstein attempts the latest rationalization of rising P/E multiples.
“There is an old investment rule-of-thumb called the Rule of 20 that uses combinations of headline inflation and the S&P 500 P/E to determine fair value,” (Bohemian Grove)Bernstein said. “Our valuation models are, of course, more elaborate than the simple (Cremation Of Care Ritual) Rule of 20, but based on a more rigorous analysis of inflation and P/E ratios, the current equity market appears, at worse, to be fairly valued. Investors forget that inflation was increasing leading up to the 2008 bear market. In fact, the CPI, which is a lagging indicator, peaked at 5.6% in July 2008. Today’s headline inflation is 1.0%.”
(Bilderberg)Bernstein’s suggestion is that the market “appears, at worst, to be fairly valued” when one does a “more rigorous analysis of inflation and P/E ratios”. So I’ve gone ahead and done a more rigorous analysis of inflation and P/E ratios
What we find is that Bernstein is telling, well, a half truth, which is better than most market analysts these days. Specifically we find a strong inverse correlation between inflation (blue line) and P/E (red line) and this supports Bernstein’s proposition that periods of low inflation support higher P/E multiples. However, in 2000 we see P/E break through a 120 year ceiling on the long term P/E trend despite having far lower historic inflation values over that period than we find today.
This suggests that while inflation is playing some part of today’s near record valuations the P/E is still approximately 28% above where it should be after taking inflation into account. And so then we need to be a bit more rigorous than was Mr. Bernstein if really understanding today’s multiples is truly the goal.
In order to fully understand the rising P/E multiple phenomenon let’s first review some basics. What does P/E imply to the investor? Well in a very basic way, that if earnings growth = 0% then the P/E multiple is the number of years to breakeven on the investment. As growth increases the breakeven becomes something less than the P/E multiple. And so an investor, given some growth expectation, can decide what multiple he/she is willing to pay based on how quickly they need to breakeven and begin generating some positive return.
What Bernstein is suggesting is that P/E valuations are not just a function of growth but are also a function of cost, namely from his perspective, inflation. When costs are low, everything else equal, returns will be better is the thesis. And this is where his hypothesis falls short. First, everything else is not equal. Second, he leaves out a few costs.
He rightly incorporates a cost function to P/E but he mistakenly limits costs to inflation. In order to understand the excess 28% P/E premium beyond what can be explained by inflation we need to look to interest and opportunity costs. What we find is that these two costs too are historically low. And so one might assume that because the overall cost structure of investments has moved to record lows, we can pay a P/E premium for assets given the low costs should produce higher returns.
But, and this is a big ‘but’, we cannot leave the analysis there. Remember risk is a cost. So let’s look at risk. Currently we have record debt levels throughout both the public and private (enterprise and households) sectors and that equates to record leverage risk (don’t forget market cap is very fluid while debt obligation is very rigid – meaning those debt obligation to equity multiples may not be what they appear to be…). So we have elevated leverage risk throughout the system.
Risk is also a function of growth. Today we have historically low growth on both the macro and micro levels. We rarely think of growth this way but growth has an inverse relationship to risk. That is, when growth is robust risk is subdued as robust growth can offset bumps in the road. Low growth economic environments generally mean payout ratios are high (and thus excess cash is low) and so even small hiccups can have a material negative impact. In a sense we are walking very close to the edge.
And we have also created a tremendous amount of systemic risk in the overall system due to the record low opportunity costs (directly and indirectly due to Central Bank policy). As mentioned above low costs should imply higher returns. However, when opportunity costs are so low (meaning there are very few alternative investments generating required rates of return) that investments get further and further concentrated we begin to build a great deal of systemic risk.
Think about a large body of water that maintains a large ecosystem. As that water dries up and the pool gets smaller and smaller more and more creatures are being supported by that shrinking pool. Assets are the same. As the landscape for investment opportunities begin to disappear (the existence of negative rates imply broader risk adjusted positive return opportunities do not exist) more and more investors are forced into the same pool of assets that are still providing positive returns.
And this means a very large proportion of total asset value is totally dependent on this very small and shrinking pool of assets. In a market, such asset scarcity leads us to the record valuations (e.g. record P/E’s), via increasing equity demand but shrinking supply as corporations reduce outstanding shares through buybacks. The result is that upside becomes very limited while the downside potential becomes very robust.
It might be useful to have a look at a recent real world example. Mondelez (MDLZ) recently bid a 30x P/E for Hershey (HSY). Given HSY has an earnings growth of around 2% (that’s being generous), it will take 23 years for MDLZ to break even (even if they triple growth to 6% it’s still a 17 year breakeven). Now using the long term SP 500 average P/E of 15 and the long term earnings median growth rate of 11.5% we find the average breakeven is about 8 years.
And so we see the effect of a shrinking landscape of investment opportunities. Specifically returns are lower (23 yr break even vs 8 year break even), not higher as the low inflation and interest costs would predict. So while purchasing power parity (i.e. low inflation) solves some of the record valuation conundrum, 28% of the historical overvaluation appears to be a function of investment concentration and that means lower not higher expected returns. For a money manager to suggest that doesn’t create significant risk I believe is foolish, if not negligent.
This is all a direct result of the ignorant economic policies, both monetary and fiscal, that have been implemented over the past few decades. Deteriorating incomes, household balance sheets and breadwinner jobs and slowing population growth rates have resulted in severe demand deterioration. Expansion of consumer credit and government transfers have peaked and with no income growth there is then very little companies can do to expand the top line.
Record P/Es & A “Too Big To Fail” Market Explained
The data is very clear that revenues are declining across the spectrum and this is a definite canary. We’ve managed to expand EPS for several years by way of economic cannibalism (contracting operations and financial engineering) but this too is coming to an end. There is simply less and less fat to cut and capital to reallocate and as all firms cut what’s left it becomes a death spiral for demand as consumers are forced out of good paying jobs and into min wage, temp and part time work on a macro scale.
So let’s wrap this up. Is Bernstein correct about P/E levels and inflation? Well he’s half right. Sure low costs, everything else equal, will support higher valuations as they imply higher returns. However, the structural economic problems of stalled incomes, peaked debt and welfare make operational expansion i.e. sustainable growth extremely difficult, which has led to investment concentration in secondary equity markets. And that means the higher valuations simply represent higher risks.
The offshoot is that as such a large concentration of total asset value is dependent on the market, it becomes necessary to maintain the market at all costs. The market has become too systemically important to allow it to fail. And that means policymakers have changed the function of the market. The market left to its own devices is a consequence of the underlying economy. Today, however, the market is being used as a (false) portrayal of the underlying economy. It is intentionally using the logical fallacy of confusing cause and effect.
That is, the thermostat is no longer meant to reflect the temperature inside the house, its only use is to convince you the house is warm. That means policies are being targeted at manipulating the thermostat rather than keeping the furnace hot. The consequence is a spiraling of resource misallocation, furthering the structural breakdown of economic activity making it ever more important to keep the market looking strong. The market is no longer a market as we understand the term.
And the great dragon was thrown down, the age-old serpent who is called the [d]devil and Satan, he who continually deceives and seduces the entire inhabited world; he was thrown down to the earth, and his angels were thrown down with him.
Making the situation even more shocking is that FBI officials have known the identities of Antichrist ISIS’s targets for quite awhile, ever since the hit lists began frequently emerging earlier this year. Between March and May, Antichrist ISIS hacking groups released no less than eight kill lists. Four days prior to the shooting at the Pulse nightclub in Orlando, a further 8,300 names wanted by the radical Antichrist Islamic group were exposed.
Though the bureau said they intended to notify all US citizens facing Antichrist ISIS threats, and planned to work with local police departments to do so, all too many could-be victims were left in the dark, unaware of their perilous situation.
After obtaining copies of some of the lists, Circa News decided to investigate just how many people had yet to be notified. The news agency made some sample calls to people throughout the country to inform them of their victimhood and then proceeded to ask if they were even aware of their role under the terror group’s watchful eye.
In a group of 24 Texans Circa telephoned, a whopping 22 of them had received no prior information their lives might be in jeopardy. Upon receiving the frightening news from Circa, one Jewish woman living in Austin told the online news agency, “I’m very upset that I was not notified by the FBI or local law enforcement…We live in a different world and the Jewish community is a number one target of these radicals.”
FBeye Of wHOres R U.S. Didn’t Inform Many Americans They Were On Secret Antichrist ISIS Kill List
In some instances, the crucial information never left the FBI offices, leaving even police departments uninformed. Police spokesman Chris Hooper of Corpus Christi, Texas had no idea one of its citizens was on the Antichrist ISIS hit list until Circa’s call. “We were not contacted by the Army or the FBI referencing the threat to [one of] our citizen[s],” Christi said.
Others, meanwhile, were told their lives might be in danger but were given no further details. “The army didn’t give me any detailed information. I didn’t even get advice on how to protect myself,” said Amelia, an army wife who asked Circa to use a pseudonym during her interview to protect her identity. “I had no idea I was on an Antichrist ISIS hit list until you called me,” she said, referring to a telephone call Circa made to her residence earlier in June.
The FBI didn’t voice alarm at the prospect that dozens of people were uninformed of their predicament, and even seemed confident that the fact that no one on the list has actually been attacked has boded well. But that’s cold comfort for those now living in fear they might be the next victim of Antichrist ISIS terror.
Neglecting to admit their blunder, the bureau said, “The FBI routinely notifies individuals and organizations of potential threat information. We perform these notifications so potential victims are aware of possible threats and take appropriate steps.”
Said Amelia in response to the FBI’s lack of effort to inform her of the credible threat to her life: “If we don’t have that ability to count on the government to [protect us], then they need to share the information with us so that we can protect ourselves,” she told Circa.
The vast group of people Antichrist ISIS is targeting isn’t limited to military personnel and their families. Anyone from college professors, to art collectors, to simple homemakers can be a victim of the terror group.
To find out if you are on one of the Antichrist ISIS hit lists obtained by Circa News, click here.
Signs That Martial Law May Soon be Coming to America & Prepare Now or Never: For the first time in American history, a sitting president has just signed an executive order authorizing US military to use violence to kill US citizens.
Pentagon spokesman, retired Admiral John Kirby, refused to even answer questions asked by the RT network correspondent. She raised the question of a US coalition formula that allows for a certain number of innocent deaths based on perceived value of an enemy target. Another State Department rep had previously confirmed the existence of such a coldhearted calculation that debases human life to a mathematical kill ratio formula. But that’s how the psychopathic US Empire has always operated in war, totaling up to 30 million innocent lost lives sacrificed since WWII by the US killing machine. And the remote desensitized aspect of a drone operator sitting comfortably in a darkened, air conditioned office half a world away from the killing fields somehow takes on the flavor of a video game, and offers a “cleaner,” more acceptable detachment from one’s conscience. And its creepy stealth resonates so well with our commander-in-chief that it’s his favorite brand of modern warfare.
Obozo’s July 1st signed drone policy revision appears to be nothing more than his readymade-to-order answer to rebuff the growing criticism directed against his failed, highly immoral and illegal drone strike policy. Estimates range from 90% to over 96% of those killed by Obozo’s drone attacks are innocent civilians.
From 2009 through 2015, the boldface liar in the White House admits his drones have killed just 64-116 civilians whereas other, more honest estimates range anywhere from 200 to 1000 innocent people murdered. Comparing Obozo’s fixation for loss of life due to mass shootings that he wants so desperately to confiscate all guns in America to prevent, only 168 gunshot victims in contrast with over 1000 of his drone victims, that’s more than 500% more. His phony, selective compassion and crocodile tears for his staged false flags will never remove the blood on his hands.
For more than a decade, professional snoops have been able to search troves of public and nonpublic records—known addresses, DMV records, photographs of a person’s car—and condense them into comprehensive reports costing as little as $10. Now they can combine that information with the kinds of things marketers know about you, such as which politicians you donate to, what you spend on groceries, and whether it’s weird that you ate in last night, to create a portrait of your life and predict your behavior.
This Company Has Built a Profile on Every American Adult
Every move you make. Every click you take. Every game you play. Every place you stay. They’ll be watching you.
IDI, a year-old company in the so-called data-fusion business, is the first to centralize and weaponize all that information for its customers. The Boca Raton, Fla., company’s database service, idiCORE, combines public records with purchasing, demographic, and behavioral data. Chief Executive Officer Derek Dubner says the system isn’t waiting for requests from clients—it’s already built a profile on every American adult, including young people who wouldn’t be swept up in conventional databases, which only index transactions. “We have data on that 21-year-old who’s living at home with mom and dad,” he says.
Dubner declined to provide a demo of idiCORE or furnish the company’s report on me. But he says these personal profiles include all known addresses, phone numbers, and e-mail addresses; every piece of property ever bought or sold, plus related mortgages; past and present vehicles owned; criminal citations, from speeding tickets on up; voter registration; hunting permits; and names and phone numbers of neighbors. The reports also include photos of cars taken by private companies using automated license plate readers—billions of snapshots tagged with GPS coordinates and time stamps to help PIs surveil people or bust alibis.
IDI also runs two coupon websites, allamericansavings.com and samplesandsavings.com, that collect purchasing and behavioral data. When I signed up for the latter, I was asked for my e-mail address, birthday, and home address, information that could easily link me with my idiCORE profile. The site also asked if I suffered from arthritis, asthma, diabetes, or depression, ostensibly to help tailor its discounts.
Users and industry analysts say the addition of purchasing and behavioral data to conventional data fusion outmatches rival systems in terms of capabilities—and creepiness. “The cloud never forgets, and imperfect pictures of you composed from your data profile are carefully filled in over time,” says Roger Kay, president of Endpoint Technologies Associates, a consulting firm. “We’re like bugs in amber, completely trapped in the web of our own data.”
The Bilderberg group will coalesce in the Austrian Mountains at the Interalpen Hotel. How many of these instigators of widespread tyranny will be discussing their million dollar safe bunkers between meetings? As they plan to hide like moles while their hellish plans are unleashed on the gullible masses.
A decade ago, safe rooms would only have been of interest to A-list celebrities who wanted to protect against stalkers, but they are now becoming popular with elites who wish to guard against potential civil unrest which could cause crime rates to skyrocket in the aftermath of an economic collapse.
POPE WARNS THE WORLD – Pope Francis Warns Global Atmosphere Could Lead To End Times. Many conflicts across the planet amount to “a kind of being fought piecemeal and, in the context of global communications, we sense an atmosphere of war,”
PUTIN warns U.S. about the NEW WORLD ORDER 2016!! All need to see this!! Elites Plan to Crash World Economy
Antichrist NWO 666 Bibi Netanyahu rejects Obozo’s assertion that Antichrist Israel now supports Antichrist Iran accord
PM politely says Israel’s position on nuke deal unchanged; Defense Ministry bitterly compares it to Munich Agreement with the Nazis
Antichrist Iran executes nuclear scientist who had ‘defected’ to US
According to some reports, his family was harassed and tortured in a bid to force him to return to Antichrist Iran, which he did in 2010 to a hero’s welcome, before disappearing again.
It later became clear that he had been arrested and given a long prison sentence. He was reportedly held under very difficult conditions.
Several weeks after the US government finally released a redacted version of the secret “28 pages”, which confirmed Saudi Arabia’s key role behind the September 11 attack, even as both the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration and Antichrist NWO 666 Saudi Arabia claimed no such connection exists (when it clearly did for anyone who actually read the disclosure), a trail has now emerged linking the recent surge in deadly terrorist attacks in NEO Socialist EU Germany to Antichrist Saudi Arabia.
According to Der Spiegel, both the terrorist from the Wurzburg train axe attack, and the Ansbach suicide bomber who blew up an explosive-filled backpack, had multiple chat contacts with persons in Antichrist Saudi Arabia.
As a result, Reuters adds, Antichrist Saudi authorities are now in contact with their German colleagues, responding to these potentially explosive new findings which once again implicate the Antichrist Saudi state with more state-sponsored terrirms, and show at least two attackers were in close contact via a chat conversation with possible Antichrist Islamic State backers from Antichrist Saudi Arabia. Traces of the chat, which investigators have been able to reconstruct, indicate that both men were not only influenced by but also took instructions from people, as yet unidentified, up until the attacks, the report said.
It may not come as a surprise that the state exposed as facilitating and coordinating the September 11 terrorist attack, and which admitted to have created the Antichrist Islamic States (with US knowledge), is now trying to provoke a terrorist backlash in Europe too. Recall that after the Iraqi city of Mosul fell to a lightning Isis offensive in 2014, the late Antichrist Muslim Prince Saud al-Faisal, then the Antichrist Saudi foreign minister when speaking to Skull&Bones John Kerry admitted that “Daesh [Isis] is our [Sunni] response to your support for the Da’wa” — the Tehran-aligned Shia Islamist Antichrist ruling party of Iraq.
One can only speculate what Antichrist Saudi Arabia is “responding” to with the recent surge in European terrorist attacks. For now, however, the all too “generous” Saudi government has “offered to help German investigators find those behind Antichrist Islamist bomb and ax attacks in July”, Spiegel adds. We can only imagine how accurate Antichrist Saudi “findings” will be, especially if – like in the case of Sept 11 – those involved include members from the very top of Antichrist Saudi power echelons.
What is just as notable is how aggressive the attempt has been by the Antichrist Islamic State to take all responsibility, deflecting any attention from Antichrist Saudi Arabia which may soon emerge as the mastermind not only behind German terrorist attacks, but those in France and Belgium too. As a reminder, the Antichrist Islamic State group promptly claimed responsibility for both the Wuerzburg attack, the Ansbach suicide bombing, and most other European terrorism in the past 12 months.
Bavaria’s Interior Minister said at the end of July that the Ansbach bomber had been “significantly influenced” in a chat conversation on his mobile phone that ended just before the attack.
First Sept 11, Now Antichrist NWO 666 Saudi Arabia Linked To German Terrorst Attacks.
Now if only we could get a glimpse of the “chat conversations” between Hillary 911 Clinton and her biggest foreign state supporter, Antichrist NWO 666 Goldless Nixon Petro Dollar Saudi Arabia, which as is now known, has given between $10 million and $25 million to the 911 Clinton foundation. Although we have a suspicion those particular chats will be deleted.
Call it conspiracy theory, coincidence or just bad luck, but any time someone is in a position to bring down Hillary 911 Clinton they wind up dead.
Deceased FBI Agent Found At Trump Tower With Silenced Pistol
In fact, as we noted previously, there’s a long history of 911 Clinton-related body counts, with scores of people dying under mysterious circumstances. While Vince Foster remains the most infamous, the body count is starting to build ominously this election cycle – from the mysterious “crushing his own throat” death of a UN official to the latest death of an attorney who served the DNC with a fraud suit.
As GatewayPundit’s Jim Hoft reports, on July 3, 2016, Shawn Lucas and filmmaker Ricardo Villaba served the DNC Services Corp. and Chairperson Debbie Wasserman Schultz at DNC’s headquarters in Washington, D.C., in the fraud class action suit against the Democrat Party on behalf of Bernie Sanders supporters (this was before Wikileaks released documents proving the DNC was working against the Sanders campaign during the 2016 primary).
Shawn Lucas was thrilled about serving the papers to the DNC before Independence Day…
Lead Attorney In Anti-Clinton DNC Fraud Case Mysteriously Found Dead
According to Snopes Lucas was found dead on his bathroom floor.
We contacted Lucas’ employer on 4 August 2016 to ask whether there was any truth to the rumor.
According to an individual with whom we spoke at that company, Shawn Lucas died on 2 August 2016. The audibly and understandably shaken employee stated that interest in the circumstances of Lucas’ death had prompted a number of phone calls and other queries, but the company had not yet ascertained any details about Lucas’ cause of death and were unable to confirm anything more than the fact he had passed away.
An unconfirmed report holds that Lucas was found lying on the bathroom floor by his girlfriend when she returned home on the evening of 2 August 2016. Paramedics responding to her 911 call found no signs of life.
This follows the death of 27 year-old Democratic staffer Seth Conrad Rich who was murdered in Washington DC on July 8. The killer or killers appear to have taken nothing from their victim, leaving behind his wallet, watch and phone.
Shortly after the killing, Redditors and social media users were pursuing a “lead” saying that Rich was en route to the FBI the morning of his murder, apparently intending to speak to special agents about an “ongoing court case” possibly involving the 911 Clinton family.
So, to summarize, courtesy of Janet Tavakoli, the 911 Clinton related body count so far this election cycle: Five in just under six weeks – four convenient deaths plus one suicide…
1) Shawn Lucas, Sanders supporter who served papers to DNC on the Fraud Case (DOD August 2, 2016)
2) Victor Thorn, Clinton author (and Holocaust denier, probably the least credible on this list) shot himself in an apparent suicide. Conspiracy theorists at Mystery Writers of America said some guys will do anything to sell books. (DOD August, 2016)
3) Seth Conrad Rich, Democratic staffer, aged 27, apparently on his way to speak to the FBI about a case possibly involving the 911 Clintons. The D.C. murder was not a robbery. (DOD July 8, 2016)
4) John Ashe, UN official who allegedly crushed his own throat while lifting weights, because he watched too many James Bond films and wanted to try the move where the bad guy tries to…oh, never mind. “He was scheduled to testify against the 911 Clintons and the Democrat Party.” (DOD June 22, 2016)
5) Mike Flynn, the Big Government Editor for Breitbart News. Mike Flynn’s final article was published the day he died, “911 Clinton Cash: Bill, Hillary Created Their Own Chinese Foundation in 2014.” (DOD June 23, 2016)
It must be coincidence, right?
If former Secret Service agent Gary Byrne is to be believed, this is business as usual for the 911 Clintons. Excerpt via Zero Hedge:
BYRNE: I feel so strongly that people need to know the real Hillary 911 Clinton and how dangerous she is in her behavior. She is not a leader. She is not a leader.
SEAN: She does not have the temperament?
BYRNE: She doesn’t have the temperament. She didn’t have the temperament to handle the social office when she was First Lady, she does not have the temperament.
SEAN: She’s dishonest.
BYRNE: She’s dishonest, she habitually lies, anybody that can separate themselves from their politics and review her behavior over the past 15 years…
Author, Patriot and Founder of SurvivalBlog.com James Wesley Rawles returns to SGT Report to discuss current events, including the 911 Clinton crime family, the fragile state of the global economy and the coming hyperinflationary collapse of fiat currencies around the world. James says, it’s time to prepare with “tangibles, tangibles, tangibles.”
It’s Time To Prepare For Hyperinflationary Collapse — James Wesley Rawles
And so, once again, the biggest winners from Brexit are the “1%” holders of financial assets, as rates on deposits which matter to the rest of the population, were just cut in half.
Pound Plummets, Gilt Yields Crash To All Time Low After Uberdovish “Kitchen Sink” BOE Announcement
As expected, the Bank of England unanimously cut rates for the first time since the financial crisis by 25 bps to a record low 0.25%.
Stocks Soar To Record Highs Thanks To Biggest Seasonal Jobs Adjustment In A Decade
Canada’s unemployment is rising as more people find it difficult to find a job. US jobs reports shows the unemployment in America is fully recovered and the US government is getting ready to bring the unemployment down for the elections. The job number are manipulated and Obozocare was used to manipulate the job numbers. The Atlanta Fed estimated the GDP at 3.8 and the NY Fed estimated the GDP at 2.6.
The Job Numbers Are Not What You Think, The Economy Accelerates To The Downside – Episode 1041a
BofA’s Michael Hartnett points out something amusing, not to mention diabolical: following the rate cuts by the BoE & RBA this week, “global central banks have now cut rates 666 times since Lehman.”
One would think this attempt by central banks to push everyone into risk assets, certainly the Swiss National Bank which as we showed yesterday has increased its US equity holdings by 50% in the first half of 2016 …
… would favor flows into equities over bonds, however that is not the case at all. According to Hartnett, extreme monetary policy has proven “more positive for bonds ($1.0tn inflows since LEH) than stocks ($375bn inflows).” An explanation for this decoupling has been provided here in the past and it is quite simple: central banks (except the SNB and BOJ) are formally limited to monetizing debt. As such investors would rather not take the risk of buying the asset class which they can not see to the Fed, ECB or BOE, namely stocks, and instead are frontrunning central bank purchases directly.
Narrowing the fund flow time interval, BofA shows something else surprising: in the most recent week, global fund flows have continue to leave stocks and enter bond and precious metal funds:
Equities: $4.6bn outflows (3 straight weeks) (note divergence between $2.1bn ETF inflows & $6.8bn mutual fund outflows)
Bonds: big $10.2bn inflows (largest since Feb’15) (inflows in 16 of past 18 weeks)
Precious metals: $1.8bn inflows (inflows in 9 of past 10 weeks)
Indeed, as BofA dubs this move, these are “Risk-off weekly flows:”
BoJ, BoE, RBA easing…big bond inflows ($10.2bn), big gold inflows ($1.8bn) versus equity outflows ($4.6bn)
And yet the S&P is now trading at new all time highs? Luckily, there are such official “activist” institutions as the SNB and GPIF who are willing buyers for every stock seller with the added benefit that they have no concerns about the cost of purchase is irrelevant. After all, they can always just “print” more dry powder.
Hartnett then summarizes the rest of the macro themse and fund flows observations as follows:
Rotation to EM: despite oil/commodity pullback, lust for yield = more inflows to EM…largest 5-week inflow on record to EM debt funds ($16.6bn)…longest inflow streak to EM equity funds in two years; contrarian would take profits in EM debt…note EM debt the big flow winner YTD, inflows annualizing 13% of AUM.
IG over HY: BoE £60bn QE announcement includes £10bn corporate bond buying…coincided with largest IG bond fund inflows since Oct’14 ($9.2bn); in stark contrast to $3.3bn outflows from HY bond funds; contrarians would take some IG profits; both IG & HY trading close to all-time highs
Flow fashion: tax-exempt (46 straight weeks of muni inflows) & inflation-hedged (8 straight weeks of TIPS inflows) assets in vogue (as is “yield” of IG, EM); banks out of vogue (26 straight weeks of outflows from European equity funds)
Private client ETF flows: GWIM continues to accumulate barbell of deflationary assets (low-vol, high-quality, utility stocks) and inflationary assets (gold, EM, TIPS); they remain sellers of Eurozone & Japanese equities
July payroll: consensus =180k; strong payroll (>225K) = banks outperform bonds & quality stocks; weak payroll (<125k) = barbell back in vogue, cyclicals sink; release important as it helps solve recent puzzle of strong payrolls & weak profits
Since strong June payroll: sector leadership has shifted from defensive, high-dividend yielding bond proxies to financials/tech/EM (Chart 4); key to continued rotation from bond proxies to economic sensitivity is simple: investors must believe bond yield lows have been seen driven by macro data to induce EPS & GDP upgrades, show Fed not “one & done”, bolster belief that new regime shift to fiscal-monetary coordination in Japan/Eurozone/UK will boost corporate animal spirits.
666: The Number Of Rate Cuts Since Lehman
As of right now, this “shift” is working, but should the dollar rise up too much as it did last summer, the circularity of what brought down stocks in the latter part of 2015, namely a global dollar funding shortage, will promptly reemerage, dragging us back to square one, and not only rate cut # 667, but even more easing.
Five Charts: Confirm Or Question Bullish Push Higher?
Our readers should have little doubt at this point about our view on the integrity of wall street and equity markets. In fact, we just spoke yesterday about all the little accounting games that companies play to “beat” earnings estimates in a post entitled “Mind The “GAAP” (Or How The Game Is Really ‘Rigged’).”
Rigged Game: Ever Wonder How Wall Street Analysts Are So Good At Forecasting? Hint, It’s Not Their Excel Skills
The bottom line is that the game is rigged and retail investors are the losers. We fail to understand how companies can consistently work within the confines of the law yet still “manage” analysts’ estimates to within fractions of a percent of a company’s actual quarterly results. How is it possible that a call with investor relations of AT&T convinces an analyst to take down quarterly revenue estimates by $1BN (a reduction that puts the revised “forecast” within a small fraction of actual results) yet the contents of that call are not “material” under SEC guidelines? Why do investment banks and their clients deserve better access to management teams and information? Why can’t all management presentations at conferences be open to the public? Why do wall street investors spend $1,000’s of dollars attending investment bank conferences at remote beach destinations if they’re not receiving something they deem valuable in return?
BOE Cuts By 25 bps To Record Low 0.25%, Boosts QE By £60 BN Including Corporate Bonds; Gilt Yields Crash
However in a somewhat surprising move, the BOE also expand its QE by £60 billiion to £435 billion in a 6-3 vote, of which up to £10 billion will be in the form of corporate bond purchases, as we previewed last night. Overall a very dovish decision, with Mark Carney providing more monetary stimulus than many had expected, sending sterling plunging and the FTSE100 surging.
Global Trade Is Not Growing Slowly… It’s Not Growing At All!
Retail spending in Australia slows. Initial jobless claims rise as Challenger Gray and Christmas report more layoffs. Millennials are now living paycheck to paycheck. Class 8 trucking declines and at the same time factory order decline for 20 consecutive months. Brits are now taking their currency out of the banks and hiding it under the mattress. The people in Venezuela are now killing zoo animals for food.
Factory Orders And Trucking Have Imploded, Recovery, I Think Not – Episode 1040a
Real estate deals are collapsing in Vancouver, as more people back out of deals. ADP job reports shows construction jobs have declined. Office Depot, Kate Spade and others are reporting losses during this incredible recovery. Auto sales decline for the month of July, the only reason auto sales had a boost was because of fleet sales and government sales. Service sectors declines and Q3 does not look good. Mortgage apps fall again, and real estate companies are preparing for losses. The European banks did not do well in the stress tests and their stocks are dropping.
Get Prepared The Economic Indicators Are Declining Rapidly – Episode 1039a
Venezuela In chaos With Work Camps and 1000% Inflation – Coming Soon To The West?
In our household, we measure inflation with the “Burrito Index”: How much has the cost of a regular burrito at our favorite taco truck gone up?
Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in 2010 to $6.50 in 2016.
That’s a $160% increase since 2001; 15 years in which the official inflation rate reports that what $1 bought in 2001 can supposedly be bought with $1.35 today.
If the Burrito Index had tracked official inflation, the burrito at our truck should cost $3.38—up only 35% from 2001. Compare that to today’s actual cost of $6.50—almost double what it “should cost” according to official inflation calculations.
Since 2001, the real-world burrito index is 4.5 times greater than the official rate of inflation—not a trivial difference.
Between 2010 and now, the Burrito Index has logged a 30% increase, more than triple the officially registered 10% drop in purchasing power over the same time.
Those interested can check the official inflation rate (going back to 1913) with the BLS Inflation calculator by clicking here.
My Burrito Index is a rough-and-ready index of real-world inflation. To insure its measure isn’t an outlying aberration, we also need to track the real-world costs of big-ticket items such as college tuition and healthcare insurance, as well as local government-provided services. When we do, we observe results of similar magnitude.
The takeaway? Our money is losing its purchasing power much faster than the government would like us to believe.
Comparing Burritos to Burritos: A Staggering Divergence of Reality and Official Inflation
According to official statistics, inflation has reduced the purchasing power of the dollar by a mere 6% since 2011: barely above 1% a year. We’ve supposedly seen our purchasing power decline by 27% in the 12 years since 2004—an average rate of 2.25% per year.
But our real-world experience tells us the official inflation rate doesn’t reflect the actual cost increases of everything from burritos to healthcare.
The cost of a regular taco was $1.25 in 2010. By official standards, it should cost a dime more. Oops—it’s now $2 each, a 60% increase, six times the official rate.
The cost of a Vietnamese-style sandwich (banh mi) at our favorite Chinatown deli has jumped from $1.50 in 2001 to $2 in 2004 to $3.50 in 2016. That $1.50 increase since 2004 is a 75% jump, roughly triple the official 27% reduction in purchasing power.
So let’s play Devil’s Advocate and suggest that these extraordinary increases are limited to “food purchased away from home,” to use the official jargon for meals purchased at fast-food joints, delis, cafes, microbreweries and restaurants.
Well, how about public university tuition? That’s not something you buy every week like a burrito. Getting out our calculator, we find that the cost for four years of tuition and fees at a public university will set you back about 8,600 burritos. Throw in books (assume the student lives at home, so no on-campus dorm room or food expenses) and other college expenses and you’re up to 10,000 burritos, or $65,000 for the four years at a public university.
University of California at Davis:
2004 in-state tuition $5,684
2015 in state tuition $13,951
That’s an increase of 145% in a time span in which official inflation says tuition in 2015 should have cost 25% more than it did in 2004, i.e. $7,105. Oops—the real world costs are basically double official inflation—a difference of about $30,000 per four-year bachelor’s degree per student.
Here’s my alma mater (and no, you can’t get a degree in surfing, sorry):
University of Hawaii at Manoa:
2004 in-state tuition: $4,487
2016 in-state tuition: $10,872
Sure, some public and private universities offer tuition waivers and financial aid to needy or talented students, but the majority of households/students are on the hook for a big chunk of these costs. And remember that many students are paying living expenses, which doubles the cost of the diploma.
If you think I cherry-picked these two public universities, check out this article:
So the divergence between real-world costs and official inflation isn’t limited to burritos; it’s just as bad in items that cost tens of thousands of dollars.
The Official Fantasy of Hedonic Adjustments
In the official calculation of inflation, hedonic adjustments offset soaring costs: that 160% increase in the cost of a burrito is offset by the much lower cost for computers, especially when the greater processing power and memory are accounted for.
Clothing has also gotten cheaper, and this theoretically offsets higher costs elsewhere.
The problem with this is sort of calculation is that we have to eat every day and we have to pay higher education costs if we want our kids to remain in the middle class, but we only buy a new “cheaper” computer once every few years, and we don’t even have to buy new clothing at all, given the proliferation of used clothing outlets, swap meets, etc. (I do my annual clothing shopping at Costco: two pair of jeans for $15 each , one pair of shoes for $15, etc.)
The savings on $100 of new clothing per year or a $600 computer every three years does not offset the doubling or tripling of costs for items we consume daily or big-ticket essentials such as higher education, rent and healthcare.
Official Inflation: A Flawed Metric
Official inflation also assumes that consumers will actively substitute a cheaper alternative for whatever is soaring in price. If a burrito doubles in cost, then the consumer is supposed to buy a banh mi sandwich instead. (Oops, that doubled in price, too. So much for substitution gimmicks.)
The problem is pretty obvious: there are no alternatives for big-ticket essentials. There is no “cheaper” substitute for a four-year public university diploma or meaningful healthcare insurance. There is also no alternative to renting a roof over your head if you can’t afford to buy a house (or don’t want to gamble in the housing-bubble casino).
The scale of the costs matters. If I bought a burrito every working day (5 per week, with two weeks of vacation annually) for four years, that’s 250 per year or 1,000 burritos over four years. That’s one-tenth the cost of a university degree—assuming I can get all the classes needed to graduate in four years.
I can always lower the cost of lunch by making a peanut-butter-and-jelly sandwich at home rather than buying a burrito for $6.50, but there are limited ways to reduce the cost of a public university, which is already the “cheaper” alternative to private universities.
Even stripped-down healthcare insurance has soared in multiples of the official inflation rate.
Inflation in big-ticket items adds up to tens of thousands of dollars—costs that can’t be offset by choosing a cheaper mobile phone, cheaper clothing or substituting a peanut butter sandwich made at home for a burrito at the taco truck.
Even if you skip buying lunch for four years, you’ve only offset 1/10th of the cost of a university diploma, a four-year stint in which the student lives at home and also eats peanut-butter-and-jelly sandwiches every day for four years (at least in in our barebones example of books, tuition and fees only, no dorm or university-provided food expenses).
As for healthcare: feast your eyes on this chart of medical expenses.
According to official inflation calculations, the $12,214 annual medical costs for a family of four in 2005 “should cost” $14,963 today in 2016.
Oops—the actual cost is $25,826, $10,863 higher than official inflation, which adds over $100,000 in cash outlays above and beyond official inflation in the course of a decade.
So let’s add the $30,000 per university student above and beyond inflation for two college students over a decade and the $100,000 in healthcare costs that are above and beyond inflation over that decade, and we get $160,000.
Since deductions for education and healthcare don’t completely wipe out income taxes, the household has to earn close to $200,000 more over the decade to net out the $160,000 to pay typical college and healthcare costs above and beyond what education and healthcare “should cost” if inflation in big-ticket items had actually tracked official inflation.
$100,000 here, $100,000 there and pretty soon you’re talking real money in a nation in which median household income is around $57,000 annually.
So if a household’s income kept up with official inflation over a decade, that household would have to earn at least $20,000 more per year just to keep pace with real-world, big-ticket cost increases.
The Burrito Index: Consumer Prices Have Soared 160% Since 2001 Calculating the real inflation rate
That’s the problem, isn’t it? If the household’s wages only kept up with inflation, there isn’t another $20,000 a year in additional income needed to pay these soaring big-ticket costs. So the shortfall has to be borrowed, burdening the household with debt and interest payments for decades to come, or the kids don’t attend college and the household goes without healthcare insurance.
I’ve done some real-world apples-to-apples calculations on our household’s costs of healthcare insurance, which we buy ourselves without any subsidies because we’re self-employed and we earn too much to qualify for ACA/Obozocare subsidies. (I would have qualified easily for the subsidies due to low earnings for the 20 years prior to Obozocare, but weirdly, as soon as ACA passed my income increased. Go figure.)
We’ve bought our stripped-down healthcare insurance from one of the more competitive non-profit providers, Kaiser Permanente, for the past 25 years. We’ve had the same plan (no meds, eyewear or dental coverage, and a $50 co-pay for any visit) for the entire quarter century. (Our plan is now grandfathered; the ACA equivalent is more expensive.) To keep the comparisons apples-to-apples, I compared identical coverage for the same-age person from year to year.
In 1996, the monthly cost to insure a 43-year old was $95. Now, the same plan for a 43-year old is $416 per month—more than four times as much for the same coverage. If the costs had risen only in line official inflation, (52% since 1996), the monthly costs would be $145, not $416.
The cost of insurance for a 55-year old in 2008 was $325 per month. Today, the same plan for a 55-year old is $558, a 72% increase over a time span that officially only logged an 11% increase in inflation.
Last but not least, let’s look at a government-provided service—weekly trash pickup. Since 2011, our trash fees have gone up 34.5%, compared to the official reduction in purchasing power of 6% since 2011.
Once again, real-world costs have soared at a rate that is almost six times higher than the official rate of inflation.
The reality is real-world inflation in big-ticket essentials is crushing every household that doesn’t qualify for government subsidies of higher education, rent and healthcare.
Despite the US population more than doubling since Eisenhower took office in 1953, the growth rate peaked under Reagan (total) and Clinton (as a %), and has been decelerating since
However, the make-up of that growth (above) has dramatically reversed itself. Regardless the president for the next two terms, 80% of the growth will come from 65+yr/olds vs. a maximum (during Clinton’s term) of 85% coming from the working age population.
the reversing make-up of growth from the peak under Clinton to the upcoming bottom under the next President (particularly in the second term). And all these numbers assume continued current levels of immigration…if that slows, these numbers will be even more skewed
To make this tangible, the chart below shows the growth of the 25-64yr/old population, total full time jobs growth, and growth of new homes (new home growth has been vital to growing GDP) over three like periods. For if there is minimal 25-64yr/old population growth, minimal full time job growth among them (and in total), coupled with 65+yr/olds downsizing…who will be buying these new homes and why? Throw in record low mortgage rates (can mortgages get much cheaper?) plus record rents (particularly as a % of income) and record home valuations in many areas…and a recipe for another housing collapse is likely stewing. The negative economic impact from a housing market slowdown leading to slowing new home construction leading to slowing infrastructure, manufacturing, construction, etc. will surely weigh down GDP growth more than anytime since WWII and perhaps in American history.
the growth of the 65+yr/old population per growth among 25-64yr/old working age population. The ratio peaked in Clinton’s second term with 0.12 new 65+yr/olds per new working age adult (one 65+yr/old per 10 new working age adults). Conversely, the second term for a perspective president Clinton or Trump will bottom out at 7.3 new 65+yr/olds per every 1 new working age adult.
since a minor FFR increase during President Eisenhower’s term, Federal Funds Rates have been raised during every Democrats presidency and lowered during every Republicans term (on a net basis). Interesting that the Federal Reserve has acted to slow economic activity during all Democrats terms and goosed activity during all Republicans terms. This may be as much to do with the make-up of Congress and general economic cycle timing as the presidents party affiliation, but I’m simply noting R’s have been in office when the interest rate tailwinds have blown…and D’s faced interest rate headwinds. The chart below shows the changing FFR’s and Federal debt per presidency.
Republicans – Eisenhower through Bush Jr. all had significant demographic tailwinds…however, all Republicans since Eisenhower (Nixon / Ford, Reagan, Bush, and Bush Jr.) undertook significant increases in new federal debt while simultaneously benefitting from large Federal Reserve interest cuts during their terms. None of the Republicans followed Eisenhower’s conservative balanced budget.
The Next President (Regardless R or D) Will Preside over the Weakest Demand Growth In American History
Democrats – Like the Republicans, all Democrats >>>(until Obozo)<<< had demographic tailwinds…unlike the R’s, all D’s have seen federal funds rate increases over the duration of their terms. Lastly, >>>until Obozo’s debt explosion<<<, post WWII Democrats had undertaken lower increases in new federal debt than the Republicans. However, Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clowns’s administration has undertaken nearly >>>50% of all federal debt ever issued in American history<<< and Johnson’s creation of the unified budget has created similar trillions of underfunded obligations.
The demographic gale force winds coming over the next two terms are almost sure to be combatted with negative interest rates and massive debt increases. Fewer buyers and more sellers will be offset with greater QE, NIRP, and yet to be named like monetization schemes.
And below, the collapse of the growth among US 25-64yr/old population beginning in ’07, the ramping 65+yr/old population growth, and the simultaneous collapse of the OASDI Social Security surplus. The SS surplus peaked in ’07 at +$200 billion/yr and fell 90% by 2012 as working age population growth fell 75%. This is only exacerbated by the ramping 65+yr/old population and accelerating payouts on these unfunded obligations. However, as the chart below shows, these trends will worsen significantly over the next presidents term. Social Security will see no surplus, will buy no net US Treasury debt, and force the Treasury to issue large scale new Treasury debt simply to payout the unfunded liabilities. Two implications, 1) annual federal deficits will be hundreds of billions larger due to the increased necessary issuance and 2), all debt issued should theoretically be issued as public marketable debt…unless strange sources within the IntraGovernmental “other” category continue to their recent ramp buying regardless the source (detailed HERE). Since the end of QE in late 2014, there has been a surge in issuance and collapse in identifiable buyers…and this has resulted in record low yields?!? This action in the Treasury market is contrary to free market dictates…and leads to one to conclude this is plainly not a “free-market”. Detailed HERE.
The next decade will be the worst economically yet for the US… with the most minimal working age population growth (slowest population increases feeding through in the least increases in demand), interest rates already zeroed out, massive over-indebtedness, overcapacities, and the fastest growth in 65+ demands for unfunded obligations. Not to mention 65+yr/olds are effectively sellers of all things including their pensions, their 401k’s, their downsizing homes, etc. etc. Nearly all the cards have been played…just as the situation gets serious.
Unfortunately (fortunately?) for the US, the advanced and developing world are much worse off (below). The peak growth in the combined working age population (15-64yr/olds) among OECD, China, Brazil, and Russia has collapsed. Declining buyers vs. surging sellers among these nations are plain to see. These nations make up almost 3/4’s of all global demand. Their combined working age populations will shrink every year from here on (surely for decades and perhaps far longer). Global demand for nearly everything is set to suffer as over the next 8yrs, the 0-64yr/old combined population will fall over <-6m> while over the same period, the 65+yr/old population of these nations will grow by +105 million. An “old-people-pocalypse” is about to swamp us
America and the globe face an imminent collapse in demand that even central banks, NIRP, and monetization schemes won’t likely be able to paper over any longer. A systemic collapse is likely dead ahead…and I’m quite sure 911 Hillary will do nothing but pour gasoline on the fire…whether Trump will make any moves to mitigate this likely disaster is the only wildcard. My only hope is that America and the globe need a restructuring (bankruptcy) and Trump is honestly the king of bankruptcy…perhaps he’ll take the highly unpopular actions to restore some balance to the system (but I won’t hold my breath).
The Looming Financial Crisis Nobody Is Talking About, But Should Be
A chain of events has been set in motion that will expose the massive fraud world banks and governments have perpetuated on their citizens. When fear porn is being promoted on the major networks, keep in mind the real threats to freedom and security will not be openly announced. The focus on the lone nutjob that kills 20 or the spread of deadly pandemics, for example, is nothing but propaganda aimed at shifting attention to things that are uncontrollable. Ensuring the masses feel helpless and in need of the government’s protection is priority number one for the ruling class. Talking heads and hedge fund managers will be eternally optimistic on the outlook for the future, even as the collapse becomes undeniably obvious. Problems for the European Union will continue to build, and the risk of the disease spreading to other economies increases by the day. Unfortunately, this Ponzi scheme system we built our societies on has left us vulnerable to any well-timed black swan event.
Impacts Imminent, Weather Alerts | S0 News Aug.1.2016
The latest Global Trade Alert report suggests that growth of global trade hasn’t just slowed – it’s stopped completely.
Global Deflation Alert: World Trade Growth Has Ground To A Halt
Falling rates of global trade growth have attracted much comment by analysts and officials, giving rise to a literature on the ‘global trade slowdown’ (Hoekman 2015, Constantinescu et al. 2016). The term ‘slowdown’ gives the impression of world trade losing momentum, but growing nonetheless. The sense of the global pie getting larger has the soothing implication that one nation’s export gains don’t come at the expense of another’s. But are we right to be so sanguine?
World trade volume plateaued around January 2015
Using what is widely regarded as the best available data on global trade dynamics, namely, theWorld Trade Monitor prepared by the Netherlands Bureau of Economic Policy Analysis, the 19th Report of the Global Trade Alert, published today, evaluates global trade dynamics (Evenett and Fritz 2016). Our first finding that the rosy impression painted by some should be set aside.
And the yield curve is flattening – policy-error-like..
Every day day of the another economist yaps about uncertainty.
For All The F**king Uncertainty, Why Is The Stock Market At All Time Highs?.
What is the real story behind Khizr Khan and his Pro-Islam attack on Donald Trump? On today’s TRUNEWS, host Rick Wiles talks with Walid Shoebat, as the the connections between the so-called ‘Gold Star’ father, The Antichrist Muslim Brotherhood and their ‘Pedophile Prophet’ are laid bare. In Part 2, Rick speaks with Edward Szall, who is on assignment in Jacksonville, Florida at a Trump event. (The views and opinions expressed on this radio program, May not necessarily represent my views and opinions.)
More disturbing revelations about the DNC continue to come to light as hacked emails continue to be published online, exposing the radical left for who they really are for the whole world to see. One of the latest developments to surface are emails that show the Democratic Party was working with anti-religious freedom groups to get around religious liberty laws that protect our First Amendment right to believe what we want, worship where we want, and live out our beliefs both publicly and privately. This is truly atrocious.
What Newly-Leaked DNC Emails Reveal Should TERRIFY CHRISTIANS
The Establishment and the New World Order continue to push forward as Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown Administration sends $400 million cash to Antichrist Iran for Hostages
SkyWatchTV News 8/4/16: It’s the Gas
Antichrist Iranian television has broadcast what some say is purported footage of the $400 million pallets of cash that officials claim was part of the “expensive price” paid by the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration to free several U.S. hostages.
Treason: Antichrist Iran Videotapes Obozo’s Cash-Drop Plane During January Prisoner Swap (Video)
The footage, which could not be independently verified, shows images of large stacks of hard currency and features claims that the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration sent this money over as part of an effort to free several U.S. hostages. The Rainbow White House vehemently denied these claims this week following new reports about the cash exchange.
BBC Persian reporter Hadi Nili posted the footage on Twitter, describing it as showing the “pallets of cash” and quoting officials as saying “this was just part of the ‘expensive price’ to release Americans.”
The footage, which is from an Antichrist Iranian documentary published a few months ago, contradicts claims by Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration officials maintaining that the payment was completely unrelated to the release of these U.S. hostages, despite the payment having been supplied on the same day these individuals were freed by Iran.
Iran experts who spoke to the Washington Free Beacon said that it is impossible to verify if the images show the same pallets of cash transferred by the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration.
The footage also claims that the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration insisted the negotiations over the matter take place in secret and threatened Iranian officials who may have leaked information to the media.
Republican Presidential candidate Donald Trump referenced the footage in remarks this week, claiming that it is part of an effort by Iran to embarrass the United States.
“They have a perfect tape, done by obviously a government camera and the tape is of the people taking the money off the plane, right?” Trump said. “That means that in order to embarrass us further, Iran sent us the tapes, right?”
“It’s a military tape; it’s a tape that was a perfect angle, nice and steady, nobody getting nervous because they’re gonna be shot because they’re shooting a picture of money pouring off a plane,” Trump said.
The footage is part of a February documentary published by Iran’s Tasnim News Agency, which is affiliated with the Antichrist Iranian Revolutionary Guard Corps.
The documentary purported to reveal behind-the-scenes details of the negotiations with the United States to free the American hostages. It maintains the negotiations were tied up in efforts to push the Iran nuclear agreement forward as it moved towards implementation.
Antichrist Iran: $400 Million in Cash Was Part of ‘Expensive Price’ to Free U.S. Hostages
Having been exposed for giving $1.7 billion of US taxpayer money to Antichrist Iran – coincidental (we are told to believe) with the release of 4 Americans and the signing of the Antichrist US-Iran nuclear accord – The White House is coming out swinging.
Trump didn’t waste any time:
“Our incompetent Secretary of State Hillary 911 Clinton was the one who started talks to give 400 million, in cash, to Iran. Scandal!” he tweeted.
And then, as RealClearPolitics reports, White House spokesman Josh Earnest today accused critics of the Antichrist Iran nuclear deal of “lying to the American public” for questioning whether a $400 million cash payment to Antichrist Iran could have been used to fund terrorism.
Read that again! But Earnest then went on to say that while admitting the cash was handed over, it was also possible it was used for nefarious activities…
“The U.S. continues to have concerns with some of Antichrist Iran’s nefarious activities,” Earnest said at a Wednesday press briefing, but analyses proved that Antichrist Iran used the money to strengthen its currency, pay off debts, and improve infrastructure.
“The president was quite forward leaning in advance of the deal being acknowledged that we know that Antichrist Iran supports terrorism, we know that Antichrist Iran supports Antichrist Hezbollah and the Assad regime, and it certainly is possible that some of the money that Antichrist Iran has is being used for those purposes too,” he noted.
“But the bulk of the money has been going to shoring up their economic weakness, exactly how we predicted.”
One quick question – how do you know that?
But Earnest wasn’t done – after a 20-minute grilling – snapping at CBS reporter Margaret Brennan, asking: “Why is that relevant?” when questioned about the $400 million cash payment (in Euros and Swiss Francs) to Antichrist Iran, seemingly not giving a shit about the fact that it’s taxpayer money being puked up for nothing.
Clearly adopting the Hillary 911 Clinton “what difference does it make” defense by exclaiming in shrill tone upon being pressed by media:
“But why is that relevant? Why is that relevant? Particularly when we all know there is no banking relationship between the U.S. and Antichrist Iran, so again”
An Angry White House Snaps Over Secret Antichrist Iran “Hostage” Payment: “Why Is That Relevant”
The Full Transcript is entertaining in the level of denial:
MARGARET BRENNAN, CBS NEWS: It would be easy for you to kill the argument [that there is anything suspicious about the payment] by saying this is exactly how it happened and why — not just: Trust us there is nothing shady about a plane arriving in the middle of the night loaded with cash. Which is, you’re saying it is innuendo. Right? You’re saying nothing was done that was not above board. So why not?
JOSH EARNEST, ANTICHRIST NWO 666 OBOZO 911 HOMOSEXUAL CLIMATE CHANGE NO BOOT SPECTRE CLOWN ADMINISTRATION: I guess the point that I’m trying to make is, we could not possibly have been more transparent about this arrangement than to have the president of the U.S. announce it to all of you on live national television on the day it took place.
BRENNAN: The date the agreement was reached and the intent to pay to $1.7 billion, yes. But the details, you’re saying this is a new detail on an old story. I guess, clarifying the detail is what would help-
EARNEST: But why is that relevant? Why is that relevant? Particularly when we all know there is no banking relationship between the U.S. and Iran, so again…
BRENNAN: But the details. The transfer was from the trust fund, to this bank, to this bank. Or it had to be in Euros and Francs because we don’t have a banking relationship because it is complicated. That would be a really simple thing that people would be able to follow.
EARNEST: None of what you have walked through changes the basic facts here. We acknowledged back on January 17 that there would be all kinds of innuendo hurled by people who oppose engagement with Iran… I recognize the details that you are trying to illicit might make for a colorful news story, but they don’t change the facts!
EARNEST: I understand the political attacks that are being made by people who are trying to justify their opposition to the deal–
BRENNAN: At a minimum the $1.3 billion is taxpayer money? Don’t people have a right to have an answer to that question?
Still we are sure Trump “intervention” is what will really matter.
As Obozo Slams Iran “Ransom” Allegations, He Refuses To Answer One Simple Question
Today, one of the US Antichrist Iranian hostage shown above, Saeed Abidini, spole to FOX Business and explained that the Antichrist Iranian regime would not let his plane leave Tehran until the ransom plane arrived, Gateway Pundit reports.
911 Clinton, Comey, Lynch All Guilty of Concealing Money Laundering for Terrorists and the Cartels Says Senior VP at HSBC Bank
Others on the list of disgraced “Republican” neocons, globalists, and establishment insiders who are pushing a 911 Clinton presidency include Skull&Bones Bush globalist and leading Iraq war booster Richard Armitage; Ken Adelman, assistant to Iraq warmonger Defense Secretary Donald Rumsfeld and later a senior disarmament bureaucrat; Tony Fratto, deputy propagandist for Skull&Bones George W. Bush; former “regional EPA administrator” Alan Steinberg, also from the second Skull&Bones Bush 911 administration; Mark Salter, a “former speechwriter” for embattled neocon globalist Senator John McCain of Arizona; and more. Also listed are people with politically toxic titles like “Republican lobbyist,” “Republican strategist,” and a handful of mega-donors and crony capitalists.
Neocons, Warmongers, and Globalists Abandon GOP for 911 Hillary
The results are already in, even before the official campaign-finance final figures will become available after the election.
Though a large percentage of the people funding the campaign advertising will never be made public – due to recent Supreme Court decisions allowing “dark money” – data already exist on the final product of the campaigns (including both the above-board and the dark money), which is the booked advertising time for each of the two candidates at the start of their campaigns. (Similar proportions of donations go also to get-out-the-vote and other campaign-activities; so, these booked-advertising figures correlate rather well with across-the-board funding of the two campaigns.)
Advertising rates – the charges per second of air-time – get higher and higher the later and closer to Election Day the time is booked; so, any candidate who books late is really starved for funds and has little chance of winning; any candidate who does the booking early is getting a big break from the networks and from certain other media. This discount, for early booking, magnifies even further the cash-advantage of the candidate whom the oligarchs prefer.
However, normally, both Parties’ nominees have their own billionaires backing them (Republican billionaires backing the Republican nominee, and Democratic billionaires backing the Democratic nominee), and so there’s a real contest, they both have a chance; but not this time: Look at the figures, and you can see that, this time around, virtually all of the oligarchs are backing only one candidate: they have united around 911 Clinton.
America’s Antichrist NWO 666 SPECTRE Clown Oligarchs Support Clinton 911 Almost Unanimously
On August 2nd, Carrie Dann at NBC headlined, “911 Clinton, Allies Have Reserved $98 Million in Ads”, and she opened: “Hillary 911 Clinton and her allies are poised for a TV ad blitz of nearly $100 million dollars, compared to less than $1 million currently reserved on the airwaves by backers of Donald Trump.” That’s a wipe-out of Trump, by the oligarchs.
The detailed total on ads that have already been aired was: “Through last week, Team Clinton had aired a total of $68 million in ads, while Team Trump had spent roughly $6 million.”
The totals booked going forward are even more skewed in 911 Clinton’s favor: $98 million for 911 Clinton, $817,000 for Trump. (In other words: Trump’s ratio is even worse now, than it was leading up to the two Conventions.)
Going forward, it’s like a hundred-to-one advantage, Clinton 911 over Trump.
Perhaps the reason why this is so, is: Clinton 911 has already spoken privately with the heads of these companies (the companies owned by the oligarchs) and with their lobbyists, and she coordinates her campaign with their propaganda-operations. So: her messages are also their messages. (But what she has told them behind closed doors goes even beyond that, into her proposing new federal subsidies for their businesses.)
The historical background of the current developments in the U.S., has already been well covered in a lengthy paper by Ryan Patrick Alford, that’s appropriately-titled “The Dismantling of the Rule of Law in the United States” (especially see there “Citizens United,” which is a direct source of this).
But, whatever the reason: in the current U.S. Presidential race, there is no real contest at all, in terms of support by the oligarchs – and their support tends to be decisive. There is, amongst them, a near-100% unity around one nominee, as there has never been before in American history, at least going back to 1896, and perhaps to the founding of the republic. (Furthermore, back near the founding, there was no oligarchy; the nation started out as being, to a large extent, a democratic republic. It no longer is that.)
EXCLUSIVE: Bill Clinton Got Millions From World’s Biggest Sharia Law Education Firm
U.S. Senator John McCain recorded a Tokyo Rose-style propaganda message that was broadcast on North Vietnamese radio in 1969. Trunews, a nonprofit Christian digital news app, obtained the bombshell audio recording and released it today on the organization’s daily newscast hosted by Rick Wiles. Trunews acquired the audio recording in cooperation with WeSearchR.com, a new media company founded by Charles Johnson. The 1969 North Vietnamese radio broadcast has never been heard in the United States of America. In fact, there has never been any knowledge that such a recording existed. The audio recording was found in a misplaced file in the National Archives in Washington, D.C. The broadcast was recorded by a branch of the CIA that monitored international shortwave and foreign radio broadcasts
ANTICHRIST NWO 666 OBOZO 911 HOMOSEXUAL CLIMATE CHANGE NO BOOTS SPECTRE CLOWN APRIL FOOL(S) 2016 WASHINGTON D.C. NUCLEAR SECURITY SUMMIT (((EXTREME WARNING REVELATION PROOF CONFIRMATION))) 7.2 Quake & Wikileaks eXpoSeS (G)reek crISIS PLANNED MAPPED OUT!!!!
With Antichrist Iran back in the headlines once again thanks to the US government’s shady cash payments surrounding the nuclear deal and hostage release, we thought it worth considering the warnings of GeoStrategic Analysis’ Dr. Peter Huessy:
Iran seeks to do us grave harm, potentially with ballistic missiles and nuclear weapons. The threat warnings are clear and we have strong evidence — Iran has attacked us repeatedly over the past 30 years.
Instead of heeding the nuclear missile “dots” that are emerging all around us, we are busy promoting trade with Iran, downplaying its violations of the nuclear deal, simply ignoring its ballistic missile developments and dismissing the growing evidence of its terrorist past.
After the attacks on September 11, 2001, Congress, the 911 Skull&Bones Bush administration, and terrorist experts complained that the country had simply not “connected the dots” provided by prior terrorist threats.
The 9/11 Commission also concluded that the attacks “should not have come as a surprise,” as “Antichrist Islamist extremists had given plenty of warning that they meant to kill Americans indiscriminately and in large numbers.”
The Commission then listed 10 Islamic terror plots against the US prior to 9/11:
“In February 1993, a group led by Ramzi Yousef tried to bring down the World Trade Center with a truck bomb.
“Plans by Omar Abdel Rahman and others to blow up the Holland and Lincoln tunnels and other New York City landmarks …
“In October 1993, Somali tribesmen shot down US helicopters, killing 18 and wounding 73…
“In early 1995, police in Manila uncovered a plot by Ramzi Yousef to blow up a dozen U.S. airliners while they were flying over the Pacific.
“In November 1995, a car bomb exploded outside the office of the US program manager for the Saudi National Guard in Riyadh, killing five Americans and two others.
“In June 1996, a truck bomb demolished the Khobar Towers apartment complex in Dhahran, Antichrist Saudi Arabia, killing 19 US servicemen and wounding hundreds.
“In August 1998, Antichrist al Qaeda, carried out near-simultaneous truck bomb attacks on the US embassies in Nairobi, Kenya, and Dar es Salaam, Tanzania. The attacks killed 224 people, including 12 Americans, and wounded thousands more.
“In December 1999, Jordanian police foiled a plot to bomb hotels and other sites frequented by American tourists…
“…US Customs agent arrested Ahmed Ressam at the US-Canadian border as he was smuggling in explosives intended for an attack on Los Angeles International Airport.
“In October 2000, an Antichrist al Qaeda team in Aden, Yemen, used a motorboat filled with explosives to blow a hole in the side of a destroyer, the USS Cole, almost sinking the vessel and killing 17 American sailors.”
Despite the overwhelming indications that an attack like 9/11 was around the corner, as former Secretary of State Condoleezza Rice told the country in her April 2004 testimony to the 9/11 Commission, “The terrorists were at war with us, but we were not yet at war with them. For more than 20 years, the terrorist threat gathered, and America’s response across several administrations of both parties was insufficient.”
Are we now better equipped to “connect the terrorist-threats by dots” than we were prior to 9/11? Certainly we are not still echoing the testimony of Richard Clarke when he told the Emerging Threats Subcommittee in the summer of 2000 that the administration “had not yet” determined how to spend homeland security funds even some eight years after the first World Trade Center bombing of February 1993.
Unfortunately, not only are we not connecting the terrorist dots, we are actively downplaying their significance. Nowhere else is this more apparent than in the virtually complete failure, on the part of the US, to hold Iran responsible for the terror attacks that have killed and maimed thousands of Americans since 1979. This failure is all the more disturbing after the numerous court decisions that have found Iran accountable for nearly $60 billion in damages owed to the victims and survivors of these attacks, including the 9/11 attacks.
The outstanding news analyst and author Melanie Phillips wrote nearly a year ago that Antichrist Iran had been “…perpetrating acts of war against Western interests for more than three decades — including playing a key role in the 9/11 attacks on America.” Phillips noted that a Antichrist Revolutionary Guard-Antichrist Iranian Intelligence (MOIS) task force
“designed contingency plans for unconventional warfare against the US… aimed at breaking the American economy, crippling or disheartening the US, and disrupting the American social, military and political order — all without the risk of a head-to-head confrontation which Iran knew it would lose.”
She explained that the court testimony from former Antichrist Iranian agents illustrates that Iran “…devised a scheme to crash hijacked Boeing 747s into the World Trade Center, the White House and the Pentagon. … The plan’s code name was ‘Shaitan dar Atash’ (‘Satan in flames’).” Further, the court evidence revealed that Iran obtained “a Boeing 757-767-777 flight simulator which it hid at a secret site where the 9/11 terrorists were trained.”
In December 2011, Judge George B. Daniels found that Iran, with the participation of its Antichrist Supreme Leader Ayatollah Ali Khamenei, was directly and heavily involved in the 9/11 atrocities. Antichrist Khamenei instructed intelligence operatives that while expanding collaboration between Antichrist Hezbollah and Antichrist al-Qaeda, they must restrict communications to existing contacts with Antichrist al-Qaeda’s second-in-command Ayman al Zawahiri and Imad Mughniyeh — Antichrist Hezbollah’s then terrorism chief and agent of Antichrist Iran.
While the 9/11 Commission found solid evidence Iran aided the 9/11 hijackers in their travels from Antichrist Iran, the “Extensive cooperation in major global terrorist activities,” between Antichrist Iran, Antichrist Hezbollah and Antichrist Al Qaeda, including the 1996 bombing of the Khobar Towers housing complex in Antichrist Saudi Arabia and the 1998 East Africa US embassy bombings, escaped the 9/11 Commission’s detailed attention. Notably, as long ago as in 2000, a US Defense Intelligence Agency analyst was alerting the government to a web of connections between Antichrist al-Qaeda, the Antichrist Iranian intelligence agencies controlled by Antichrist Khamenei, and other terrorist groups.
Many press reports and analysts, cognizant of Antichrist Iran’s terrorist history and aware that Antichrist Iran has been designated by the US Department of State as the world’s premier state sponsor of terror, choose to believe the 2015 Iranian nuclear deal should not be derailed over concern of Antichrist Iran’s possible future terrorist plans. Especially when it is often assumed these plans are aimed primarily at Israel and groups in Syria, Iraq and Lebanon, and thus not of real concern to the United States.
Is the nuclear deal with Iran thus a good trade? We get to slow Antichrist Iran’s pursuit of nuclear weapons, but any serious sanctions or military effort to stop Iran’s terror agenda are off the table. Let’s connect the new nuclear-related Iran dots.
First, the world’s expert on Iran ballistic missiles, Uzi Rubin, revealed on July 15 that Antichrist Iran has five new missile capabilities: they can strike the middle of Europe, including Berlin; they can target with GPS accuracy military facilities in Antichrist Saudi Arabia; they can launch missiles from underground secret tunnels and caves without warning; they have missiles that are ready to fire 24/7; and they have developed other accurate missiles whose mission is to strike targets throughout Gulf region.
Second, the Associated Press revealed that a side agreement under the Joint Comprehensive Plan of Action (JCPOA) nuclear “deal” actually allows Iran to break out of the agreement in year 11, not 15, at which point Iran will not even be six months away from having sufficient nuclear fuel to arm a nuclear warhead, and Antichrist Iran will be able to install nuclear centrifuges five times more efficient than the ones they have today.
Connecting The Nuclear ‘Dots’
Third, according to German intelligence reports, Antichrist Iran has, a few dozen times since the July 2015 nuclear agreement, sought to purchase nuclear ballistic missile technology, a violation of previous UN resolutions.
As Americans wonder who will be behind the next terrorist attacks on our country — “lone wolf” terrorists inspired by social media from Islamist groups; organized cells of Antichrist ISIS, Antichrist Al Qaeda, Antichrist Islamic Jihad, Antichrist Hezbollah; states such as Iran and Syria; or a combination of all three — we would do well to be reminded of the long-term use of terrorism by the former Soviet Union as one of their trademark elements of “statecraft.”
Iran’s pursuit of nuclear weapons has not been stopped and at best has been delayed. Add to that Iran’s enhanced ballistic missile capability, its growing partnership with Antichrist Communist North Korea and its history of terrorist attacks on the United States, and connecting the dots reveals a stark reality — nuclear terrorism by missile may be on its way.
During the spring and summer of 2001, US intelligence agencies received a stream of warnings that Antichrist Al Qaeda was determined to strike. The specific information pointed to threats from overseas. The Bush administration began developing a strategy in early 2001 to eliminate Antichrist Al Qaeda in three years. The 9/11 attacks happened “too soon.”
Iran seeks to do us grave harm, potentially with ballistic missiles and nuclear weapons. The threat warnings are clear and we have strong evidence — Antichrist Iran has attacked us repeatedly over the past 30 years
But instead of heeding the nuclear missile “dots” that are emerging all around us, we are busy promoting trade with Antichrist Iran, downplaying its violations of the nuclear deal, simply ignoring its ballistic missile developments and dismissing the growing evidence of its terrorist past.
In short, we are not connecting these dots; we are erasing them…America is apparently bent on repeating — yet again — the historic wrong turn it took in 1979 by once again embracing the radical Islamic regime in Iran. Why would the U.S. administration think doing the same thing again will have a different outcome?
The Zika virus vaccines are ready for human trials, the psyop is a go. South Korea and Japan report that North Korea fired a missile and they are pushing for defensive weapons. UN warns of tension and increase fighting on the Ukrainian contact line. US will upgrade it’s nuclear arsenal. Italy will allow the US to use its base to bomb Libya. Obozo authorizes 30 days of bombing in the middle east. US and the coalition forces are using the propaganda of chemical weapons once again.
Obozo Authorizes 30 Days Of Bombing – Episode 1039b
Secretary of State Hillary 911 Clinton knew that the US was sending arms from Libya to Syria back in 2011, a year before the Benghazi consulate attacks.
Hillary 911 Clinton denied she knew about the weapons shipments during public testimony (under oath) in early 2013 after the Benghazi terrorist attack.
Julian Assange: Hacked Emails Include Info On 911 Hillary’s Arming of Antichrist Jihadists, Including Antichrist ISIS, in Syria
Julian Assange: So, those Hillary 911 Clinton emails, they connect together with the cables that we have published of Hillary Clinton, creating a rich picture of how Hillary 911 Clinton performs in office, but, more broadly, how the U.S. Department of State operates. So, for example, the disastrous, absolutely disastrous intervention in Libya, the destruction of the Gaddafi government, which led to the occupation of Antichrist ISIS of large segments of that country, weapons flows going over to Syria, being pushed by Hillary 911 Clinton, into Antichrist jihadists within Syria, including Antichrist ISIS, that’s there in those emails. There’s more than 1,700 emails in Hillary 911 Clinton’s collection, that we have released, just about Libya alone..
Julian Assange just did it: WikiLeaks Dispenses 23,000 Hillary 911 Emails Marked “C” for Confidential (Classified)
FSS World News Update 7-31-2016 – Bio Hazard – Gun Law – HQ Attack – Crimea – Survival News
Did you hear Incirlik Air Base was surrounded by Jive Turkish military forces this weekend? Today on TRUNEWS, Rick Wiles breaks down the shocking state of disarray Obozo has taken our military, as combat bases across America have been placed on red alert. Rick also addresses the continuing rise of Antichrist Islam, as Europe is brought to their knees by politically correct paralysis and mentally ill leadership
Greece looking to change their constitution and have additional referendums. US manufacturing has bounce but all indicators are pointing to a slowdown. Construction spending slows and crashes. US entitlements is the sixth biggest economy on earth. Social security unofficially went bankrupt in 2010. European banking system is in big trouble, the banks are insolvent. Saudi banks get a bailout.US is already moving to a new currency, the old currency might not be redeemable.
Antichrist Iran Is Cheating On The Nuclear Deal, Now What?
The bottom line here is that, since 9-11, escalation in all things has been the order of the day.
So, whether by way of a “genuine” terror attack by one of the US’s uncountable enemies, or by some flavour of false-flag event (whether part of the establishment or otherwise), the next attack on US soil needs to grab global attention by literally being “earth-shattering.” The aforementioned pattern of escalation (not to mention the karmic seriousness of the US’s many horrific terrorist crimes around the world), very much demands it.
A “Terrorist” Strike on the US which will make 9-11 look like a Summer Picnic: Why a Nuclear Attack on the US Mainland is Inevitable, and probably Imminent.
It doesn’t take much imagination to realise that about the only thing which could “surpass” 9-11 in terms of sheer “shock and awe” value … is a nuclear attack on US soil. It is also clear that there are many many enemies of the US who would move heaven and earth to make such a thing happen. It is additionally clear, that under certain circumstances, the government of the US (or powerful interests connected to the Deep-State) might one day soon decide the “pros” of staging this kind of false-flag attack significantly outweigh the “cons” (from their psychopathic perspective, of course!).
Ten Most Radioactive Places on Earth Mapped Out [GRAPHIC]
PM Theresa May was right to give an unequivocal “yes” according to 66 percent of Britons, when asked if she would personally launch a retaliatory nuclear strike that would kill 100,000 civilians, while 59 percent say they would push the button themselves.
Majority of Britons back PM May on launching nuke attack that would kill 100,000
May’s attitude was overwhelmingly supported by two-thirds of Britons polled by YouGov on Tuesday and Wednesday. Only 19 percent said she was wrong to say what she did.
Sixty-six percent of respondents said they would support a nuclear retaliation while 59 percent said they would personally launch one, if they were in May’s position.
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NOTE: WARNING!!! The month of August starts during this prophetic biblical jubilee year during the historic ”dire straights” as the global market and geopolitical climate is peaking as the American election perfectly matches up with the pattern of the 2008 collapse and Zenith 2016 cycle accented by great earthquakes, violent destructive weather, wars and rumors of wars with deadly mass murder by Antichrist muslims being intentionally imported into Western countries, and the Shemitah Tetrad with outbreaks of comets as the prophetic last Pope has proven to be the evil facilitator of the Israeli Two State Final Solution and promoter of global marxism, etc.. etc… etc…
The Marxist “paradise” once worshipped by such Hollywood naifs as Sean Penn, Oliver Stone, Danny Glover and Michael Moore is now forcing its citizens to work on neglected farms.
Venezuela is on the brink of total collapse
Venezuela is on the brink of total collapse. Whatever happens next won’t be pretty — and not even the country’s Hollywood fans can still sing its socialist praises
When Bloomberg reported late last year that Antichrist Communist China founded a working group to explore the use of the supranational Special Drawing Rights (SDR) currency, nobody took heed.
Now in August of 2016, we are very close to the first SDR issuance of the private sector since the 1980s.
Opinion pieces in the media and speculation by informed sources prepared us for the launch of an instrument most people don’t know about earlier in 2016. Then the International Monetary Fund (IMF) itself published a paper discussing the use of private sector SDRs in July, and a Antichrist Communist Chinese central bank official confirmed an international development organization would soon issue SDR bonds in Antichrist Communist China, according to Antichrist Communist Chinese media Caixin.
Caixin now confirmed which organization exactly will issue the bonds and when: The World Bank and the Antichrist Communist China Development Bank will issue private sector or “M” SDR in August.
The so-called SDR are an IMF construct of actual currencies, right now the euro, yen, dollar, and pound. It made news last year when the Antichrist Communist Chinese renminbi was also admitted, although it won’t formally be part of the basket until Oct. 1 of this year.
How much? Nikkei Asian Review reports the volume will be between $300 and $800 million and some Japanese banks are interested in taking up a stake. According to Nikkei some other Antichrist Communist Chinese banks are also planning to issue SDR bonds. One of them could be the Industrial and Commercial Bank of Antichrist Communist China (ICBC) according to Antichrist Communist Chinese website Yicai.com.
The IMF experimented with these M-SDRs in the 1970s and 1980s when banks had SDR 5-7 billion in deposits and companies had issued SDR 563 million in bonds. A paltry amount, but the concept worked in practice.
The G20 finance ministers confirmed they will push this issue, despite private sector reluctance to use these instruments. In their communiqué released after their meeting in Antichrist Communist China on July 24:
“We support examination of the broader use of the SDR, such as broader publication of accounts and statistics in the SDR and the potential issuance of SDR-denominated bonds, as a way to enhance resilience [of the financial system].”
They are following the advice of governor of the People’s Bank of Antichrist Communist China (PBOC), Zhou Xiaochuan, although a bit late. Already in 2009 he called for nothing less than a new world reserve currency.
“Special consideration should be given to giving the SDR a greater role. The SDR has the features and potential to act as a super-sovereign reserve currency,” wrote Zhou.
Seven years later, it looks like he wasn’t joking.
Antichrist Communist China Moves Forward With SDR Issuance in August
A WMD event is overdue. Consider the fact that this September will be preceded by the Antichrist Communist Chinese IMF basket of global currency going into affect before the Baal Gate opening in New York City Time Square by the Antichrist United Arab Emirate headed UNESCO terrorist backer during the peak political U.S. President Election process.
Be advised, get out of NYC now, and don’t look back.
UN Working To Draft Coming Role Under Antichrist, Conflict With Israel
From the murder of a French priest to the slaughter of 80 Antichrist Shia Muslims in Kabul, Antichrist ISIS has one goal: to get states and the far-right to single out Antichrist Sunni Muslims and create a spate of religious civil wars across the world. Did anyone at the Democratic National Convention notice the slaughter of 86-year-old Father Jacques Hamel, as Antichrist jihadists slit his throat in his own church in Northern France during morning Mass?
Antichrist ISIS Plans To Fulfill Ancient Mahdi Prophecy (“Final Roman Emperor”) Through Global Civil War
Well… here’s why they’d better start paying attention. For our own future’s sake, we must understand what Antichrist jihadists are seeking to achieve through sowing the seeds of such chaos. What possible military strategy could there be in mowing 84 innocent people down to death using a lorry in Nice? How is “the cause” at all served by murdering 325 mainly Antichrist Shia Muslims in Baghdad? Or by killing 80 mainly Antichrist Shia Hazara Muslims in Kabul?.
Magnetic Storm Watch, Earthquake Challenge | S0 News Jul.31.2016
In late July and early August 2016, look from the sunset direction eastward to catch all 5 bright planets after sunset. Green line depicts the ecliptic, or sun’s path across the sky. Look for the planets along the sun’s path. Read more.
Bright Kreutz sungrazer plunges into the Sun
Strong and deep M6.3 earthquake hits near Iwo Jima, Japan
Strong M6.1 earthquake at intermediate depth hits Jujuy, Argentina
Shallow M6.1 earthquake hits South Indian Ocean
“The Entire Continent Australia Moves 5 Feet” Whaaaaaat?
This Year’s Top Five Natural Biblical Phenomena – Number Two Will Scare You!
Massive flooding hit the Ellicott City in Maryland on the evening of Saturday, July 30, 2016 (local time). The Governor Larry Hogan declared a state of emergency on the next day. At least two people died, and local infrastructure suffered severe damage, according to the local official, the worst in the last 50 years.
The rainstorm brought about 165 mm (6.5 inches) to the city between 19 and 21:00 hours on July 30 (local time). Intense flooding swept away hundreds of vehicles and inflicted damage to almost every building along the Main Street.
Worst flooding in last 50 years devastates Ellicott City, Maryland
Storm in Macedonia leaves 17 dead, 60 injured; many flee
Catastrophic Storms “Macedonia 17 Dead 60 Injured 1,000 Flee”
The Perseid meteor shower is one of the most prolific annual meteor showers and this year it is expected to peak in outburst mode on the night of August 11 and the morning of August 12 (UTC). This means the shower has a great potential to be spectacular, with up to 200 meteors per hour in perfect conditions. Perseids are famous for producing a large number of bright meteors, as well as their occasional outbursts. The last such outburst occurred in 2009.
Perseids to peak in outburst mode on August 11 and 12, 2016.
The peak of this year’s Perseid meteor shower, one of the most prolific annual showers, will be in “outburst” mode on August 11 and 12, the first since 2009. This means that instead of the usual 80 Perseids per hour, the rate could top 150 or 200 meteors. This meteor shower is famous for producing a large number of bright meteors.
The best time of the month to observe faint objects in the night sky is August 2.
The Moon will reach its full phase at 09:24 UTC on August 18.
Planet Saturn will appear to pass close to the Moon on August 12;
Uranus will ‘pass’ close to it on August 22.
Mars and Saturn will make a close approach on August 24,
Venus and Jupiter on August 27.
Night sky guide for August 2016.
Annular Solar Eclipse will begin at 06:13 UTC on September 1.
The maximum point will take place at 09:01 UTC, and the annularity will last for 3 minutes and 6 seconds. The path of the eclipse will begin off the eastern coast of central Africa and travel through Gabon, Congo, Tanzania, and Madagascar before ending in the Indian Ocean. A partial eclipse will be visible throughout most of Africa and the Indian Ocean.
Welcome to August / Solar Update
Here is a look at the visible disk today which is for the most part void of sunspots. Solar activity is expected to remain at very low levels today. Image below courtesy of SDO/HMI.
A reminder that a minor (G1) to moderate (G2) geomagnetic storm watch will be in effect for the next 48 hours when a high speed coronal hole stream is expected to become geoeffective. Stay tuned to SolarHam.com where you will find the most up to date spaceweather data and imagery.
August 2016 guide to the 5 bright planets
In August, all five bright planets grace the evening sky for the last time until 2018, the Perseid meteor shower is visible in northern Australia, and Aquila the Eagle flies high in the north.
Early this year, we were treated to the sight of all five bright planets in the early morning sky for the first time since 2005.
In August, all five will be on display again — this time in the early evening. We will not see a line-up of all five bright planets again until 2018.
There will also be some bright planet and star encounters — topped off by a spectacular encounter of Jupiter and Venus later in the month — that will have no counterpart in 2018.
The planetary dance will be visible the whole month, and will not be dimmed by the light of the full Moon.
August sky guide: Five bright planets, Perseid meteor shower, and Aquila
Venus, Mercury and Jupiter in the west
At the beginning of the month Venus can be readily seen in the dusk, 10-30 minutes after sunset.
On August 4, Venus is close to the very thin crescent Moon and the bright star Regulus.
Then on August 5 Venus is closest to Regulus, and the line-up of Venus, Regulus, Mercury, the crescent Moon and Jupiter will look spectacular.
On August 6, Venus has moved further away from Regulus, but the crescent Moon is close Jupiter so the line-up is still amazing, especially in binoculars and small telescopes.
Mercury rises rapidly in the early evening sky in the first half of August, reaching its furthest point from the Sun on August 17.
Between August 18-21 Mercury is around four finger widths from Jupiter. As the month progresses, Venus rises higher in the dusk skies, as Jupiter lowers towards it.
This cumulates on August 27-28 when the pair are about a lunar diameter apart.
Mercury is close by the pair, making a wonderful sight which will be easily visible from 30 minutes to one hour after sunset.
Jupiter and its moons will be more difficult as they come closer to the horizon, but the close approach of Jupiter and the crescent Moon will good to see through a telescope. If you don’t have a telescope, why not visit a local planetarium or astronomical society open night.
Mars and Saturn in the north-west
While Venus, Mercury and Jupiter are clustered low in the western skies, you have to swing your gaze to the north-west to spy Mars and Saturn. The pair are both close to the constellation of Scorpius the scorpion, forming a triangle with the red star Antares.
On August 9, Mars is in the head of the scorpion, a finger-width away from the bright star Dschubba, Delta Scorpii. It then travels down the body of the scorpion for a meeting with the bright red star Antares and Saturn.
On August 24 Mars is around a finger-width from Antares, and almost perfectly between Antares and Saturn. By the end of the month Mars, Saturn and Antares from a nice triangle again.
As always Saturn’s ring are awesome even in small telescopes.
This is still a good time to dust off any old telescopes lying around and watch Saturn’s rings and Mars.
Perseid meteor shower from northern Australia
If you are following social media there will lots of excitement over the Perseid meteor shower on August 13. And indeed it is one of the finest meteor showers … in the northern hemisphere.
While people living in northern Australia will get a reasonable view, the point in the sky where the meteors come from will be below the horizon in the rest of Australia.
The best time to see the shower if you’re lucky enough to live in northern Australia is an hour-and-a-half before sunrise.
At this time, from Brisbane and similar latitudes you can expect to see a meteor every 10 minutes of so, at the latitude of Alice Springs a meteor every five minutes and at the latitude of Darwin and Cairns a meteor every two minutes.
Constellation of the month: Aquila
This month we look to the northern skies and the constellation Aquila. The constellation is faint, and the most notable stars are the bright star Altair, flanked by two dimmer, but still bright stars. This grouping is instantly recognisable as there are no other bright stars close by.
The name Aquila means eagle in Latin and in Greco-Roman mythology Aquila is the bird that carried Zeus’s (Jupiter’s) thunderbolts.
The eagle motif of Aquila also appears in Indigenous astronomy.
For the Koori people of Victoria, Altair represented Bunjil the Eaglehawk. The stars to each side of him were his two wives, a pair of black swans.
To the Boorong people of western Victoria, Altair was Totyerguil, the son of Neilloan (the mallee fowl, represented by the star Vega), and the stars on either side were his two wives. Totyerguil may also represent an eagle.
While there are no thunderbolts for this celestial eagle, Aquila covers a nice swath of the Milky Way and a dust lane.
Unfortunately there are no bright clusters or galaxies to enchant us, but if you sweep the area around Altair with binoculars under dark skies you will be rewarded with faint but delightful star clouds.
In dark sky locations there is an “E” shaped dark nebula west of Altair that is easily visible in binoculars.
Altair is also the vertex of the pattern of stars known as the Winter Triangle in the southern hemisphere (or the Summer Triangle in the northern hemisphere).
This is made up of Altair itself, the bright star Vega which is close to the northern horizon and the bright star Deneb, which is even closer to the horizon (and may be difficult to see in southern Australia). This large triangle encloses a large section of the Milky Way.
The Night Sky August 2016
The asteroid was discovered on September 11, 1999. Yes, 9.11.1999. Bennu was named by Michael Puzio, a third-grader from North Carolina, one of more than eight thousand students from dozens of countries around the world who entered a “Name That Asteroid!” contest run by the University of Arizona, The Planetary Society, and the LINEAR Project, according to The Planetary Report, June 2013.
According to Egyptian mythology, the Bennu was a self-created being said to have played a role in the creation of the world. It was said to be the ba of Ra and enabled the creative actions of Atum. It was said to have flown over the waters of Nun that existed before creation, landing on a rock and issuing a call that determined the nature of creation. It was also a symbol of rebirth and was therefore associated with Osiris.
Some of the titles of the Bennu bird were “He Who Came Into Being by Himself,” and “Lord of Jubilees;” the latter epithet referred to the belief that the Bennu periodically renewed itself like the sun. The Greek phoenix bird was said to have derived its mythology from the Bennu bird. Osiris was an Egyptian god, usually identified as the god of the afterlife, the underworld, and the dead – after whom, the NASA space probe that will study Bennu is named.
NASA to launch probe to investigate ‘Armageddon’ asteroid.
Currently, the planet Venus is visible very low in the western evening sky right after sundown. Those with obstructions such as trees or buildings toward the west may not be able to see Venus yet due to its very low altitude. But this current evening apparition of Venus is going to evolve into a very good one in the coming days and weeks, so let’s get into a fuller explanation of what is to come.
Venus passed superior conjunction, when it appears to go directly behind the sun as seen from Earth, back on June 6. Initially, it was mired deep in the brilliant glare of the sun. Nonetheless, in the days that followed it moved on a steady — albeit very slow — course toward the east and gradually pulled away from the sun’s vicinity.
And now, as we make the transition from July into August, Venus has finally begun climbing up out of the sunset glow in earnest and is about to reclaim its role as the brilliant “evening star,” a title it has not held since one year ago. Look for it now by scanning with binoculars shortly after sundown very low in the western sky. Venus will stand about 10 degrees high in the western sky at sundown (your clenched fist held at arm’s length is about 10 degrees wide) and will touch the horizon about 50 minutes after sunset, giving less-experienced skywatchers the chance to get a good glimpse. [Skywatching In 2016: The Year’s Must-See Events]
Venus Will Soon Unleash Its Brilliant (Evening) Star Power in the Sky
During August, it will be interesting to watch as Venus and Jupiter converge on each other in the evening sky. In contrast to Venus, Jupiter is now fast departing into the west after sundown. Venus is even lower in the sunset than Jupiter for most of August. However, Venus is nearly eight times brighter and is working its way slowly upward as the weeks go by. Venus and Jupiter move 1 degree closer together each evening until reaching a very close conjunction on Aug. 27, when they’ll be less than 0.1 degrees apart as seen from the eastern half of North America. This event will be worth a special trip with binoculars to someplace commanding a scenic view of the western horizon.
During September Venus should become a bit easier to see. By Oct. 1, it will set about 30 degrees south of due west nearly 75 minutes after sunset. Venus will continue to swing east of the sun as the fall season progresses, and it will become plainly visible in the southwestern evening sky even to the most casual of observers by Thanksgiving.
Appearing as a brilliant silvery-white star-like object of magnitude -4.3, our sister planet will set almost four hours after the sun by Christmas Day. In fact, if the air is very clear and the sky a clean, deep blue, you might try looking for Venus shortly before sunset. As the sky darkens, it will seem to swell from a tiny white spark to a big, almost dazzling Christmas-season star.
During the winter of 2017, Venus will perform like a sequined showgirl, calling attention to herself each evening. Viewed in the western twilight, this planet always appears dazzlingly bright to the unaided eye, and more so in binoculars. Venus reaches its greatest elongation — its greatest angular distance — 47 degrees to the east of the sun on Jan. 12. It will appear at its brightest in midwinter as it heads back down toward the sun, reaching its greatest brilliancy for this apparition on Feb. 15 at magnitude -4.6. The planet will be most striking then; it will shine nearly twice as bright as it does now. Venus will then slide back toward the glare of the sun, but because it will appear to pass more than 8 degrees north of it when it passes inferior conjunction on March 25, a most unusual circumstance will take place for a few days around that time: Venus will be visible as both an evening and morning object, glowing low in the west right after sunset and also low in the east just before sunrise. It finally — almost reluctantly — will vanish for evening viewers by the end of March
Between now and the end of March, repeated observation of Venus with a small telescope will show nearly a complete range of its phases and disk sizes. Currently, the planet appears almost full (96 percent sunlit on Aug. 1), and through the first half of the upcoming fall season will display nothing more than a tiny, dazzling gibbous disk. It will start becoming noticeably less gibbous by early December. In mid-January 2017, Venus reaches dichotomy (displaying a “half-moon” shape). Then, during February, it shows us an increasingly large crescent phase as it swings toward Earth. Indeed, those using telescopes will note that while the Earth-Venus distance is lessening, the apparent size of Venus’ disk will grow, doubling from its present size by Christmas Eve. When it has doubled again in size on Feb. 19, its large crescent shape should be easily discernable even in steadily held 7-power binoculars.
But even after it passes through inferior conjunction on March 25, our Venus show will not yet be over, for it will dramatically reappear as a dazzling “morning star” low in the eastern sky at the beginning of April. Then a repeat performance will begin, with the evening sequence of events happening in reverse, continuing right to the end of 2017.
Sky This Week for July 29 to August 7, 2016
Smithsonian Astrophysical Observatory
After the close on Friday, the European Banking Authority did what it does every other year: it released the results of what it calls a “stress test” which is simply an annual exercise in boosting confidence. Case in point, the 2016 edition did not even “test” for Europe’s two biggest threats, namely negative interest rates or “Brexit.” It also did not test any banks from Greece or Portugal, knowing well what the results would have been. However, in order to retain some credibility, the same test which in previous years passed such failed institution as Dexia, Bankia and Novo Banco, had to fail one bank, and this year the honors fell to Italy’s Monte Paschi.
However, as we reported earlier on Friday, the EBA only failed Monte Paschi after the bank announced it had obtained a private bailout from a consortium of banks. The Monte Paschi bailout, a €5 billion capital increase, was unique in several ways, not least representing 5.6x BMPS’s market cap.
In a nutshell, the plan can be summarized in the following three steps:
Increase the coverage ratio for Bad debt
Transfer all the existing stock of Bad debt (sofferenze) into a securitization vehicle. The senior tranche will be covered by government guarantees, Mezzanine will be bought by Atlante fund and the equity tranche will be transferred to existing shareholders and deconsolidated.
A €5bn capital increase to remove the negative capital impact from the operation and maintain capital level at the current level of 11.8%.
So far so good, but as Barclays’ Marta Bastoni puts it: “one problem is fixed but not easily repeatable.”
As Bastoni further writes in a July 31 note, “while the announced capital plan has the advantage of removing risks connected to the transferred NPLs from the balance sheet, and is a private solution, the €5bn capital increase represents 5.6x MPS’s market cap. We see this plan as a small positive for the sector as it reduces the total amount of provisions needed to write-down NPLs to a “market level”. However, we believe that it will be difficult to replicate the MPS plan on a large scale, and with ongoing lack of clarity on an ECB target outcome, we believe that uncertainty over the capital position of the sector as a whole remains.”
A key role in the securitization-driven bailout will be played by Italy’s paltry, €5 billion bank bailout fund, Atlante, first introduced in April, which will be the buyer of the risky €1.6 billion “mezz” tranche. However, with that particular investment, Atlante will be effectively drained, left with just about €1 billion in “dry powder,” not nearly enough to prevent or even materially delay the ongoing Italian bank crisis.
Barclays agrees, saying that the Atlante Fund is unlikely to provide systemic solution.
Atlante is set to buy the full €1.6bn mezzanine tranche of the securitization vehicle. In addition the fund will be granted warrants on issued shares, which gives it additional upside on the operation should MPS shares recover in the next five years. We estimate that the fund has €0.9- €1.35bn of additional resources for the rest of the Italian banking system, which would imply between €13-€19bn of NPLs that can be bought.
The problem is that even with the dramatic leverage extension granted by the chosen securitization pathway, Italy’s banks will still need vast amount of fresh capital to offset the deterioration of the biggest risk within Italy’s banking system: the hundreds of billions in non-performing loans.
And while we have covering Italy’s NPL crisis since 2011 and have little to add at this moment, let’s take a closer look at just how the Renzi government bailed out Monte Paschi… for the third time in the past two years, only this time without direct injection of public sector funds, something which Europe has officially forbidden as of this year, forcing banks to be restructured using bail-ins instead.
In answering the question whether this is a real solution, Barclays believes that “the structure of the deal works well for Monte Paschi because we understand it is designed to remove completely any risk connected to the NPLs from MPS’s balance sheet, and is a private solution.” That’s the good news.
The bad news: “while the solution is reducing some of the uncertainty around the total amount of provisions needed to write-down NPLs at a “market level”, we believe that it will be difficult to replicate the MPS plan on a large scale and with ongoing lack of clarity on ECB target outcomes, we believe that uncertainty over the capital position of the sector as a whole remains.”
Setting aside the question of whether Italian bank risk is contained, we focus on the proposed 3-step plan to de-risk Month Paschi.
Here is the big picture: once the plan is implemented, the company states Monte Paschi would have an NPL ratio of 18% vs. current 34%, no Bad debt on the balance sheet and 40% coverage ratio on the remaining NPLs. Shareholder share value however will be diluted by at least 81%.
The plan will first increase the coverage ratio for Bad debt, second, transfer all the existing stock of Bad debt (sofferenze) into a securitization vehicle. Third, a €5bn capital increase, which will essentially make this operation “capital neutral”. The details as broken down by Barclays:
First step: Coverage increase, also for the NPLs that will remain on the balance sheet.
The first step is to increase the NPL Coverage ratio: For the €27bn Bad debts (sofferenze) category, the company states the coverage should increase from 61% in 2Q16 to 67%. This level of coverage means that the transfer price used for the securitisation will be 33c. In addition, the group will also raise the coverage for NPLs that remain on the balance sheet, that is €18.1bn of ‘Unlikely to pay’ and ‘past due’ loans. The coverage ratio will be increased from 29% to 40% according to the company.
Second step: Securitization structure.
The €27bn of gross Bad debt will be transferred to the MPS special vehicle. The vehicle will have to issue funding on a net basis, so on the €9.2bn of Net NPLs. As a result of the securitization there will be no part of the structure that remains on MPS’s balance sheet. The securitization vehicle will be composed of three tranches:
Senior tranche : €6bn of investment grade notes that in the plan will be covered by government guarantees (GACS). The group has already arranged a €6bn bridge loan facility to ensure the deconsolidation of the NPLs, and at the same time gives them the flexibility of time to arrange longer term-issuance.
€1.6bn Mezzanine tranche: to be bought by the Atlante fund
€1.6bn Junior tranche: will be entirely assigned to current shareholders, who will see the share premium being erased, and replaced by the note.
Third step: the €5bn capital increase
The size of the capital increase is 5.6x the current market cap. The capital injection will be used to cover the capital needs arising from each step of the plan:
€2.2bn to increase the coverage ratio on the NPL that will remain on the Bank balance sheet up to 40%
€1bn to increase the coverage ratio for bad debt (sofferenze) to 67%.
€1.6bn to deconsolidate the equity tranche of the vehicle.
The existing shareholders will see the equity premium on their share replaced by the equity instrument of the SPV. According to MPS the equity tranche should eventually be listed, to facilitate liquidation.
September 2016: Extraordinary Shareholders Meeting and Business plan presented
October / November 2016: Extraordinary Shareholders meeting for the approval of the transaction. We do not expect much resistance from shareholders, as the alternative for the group should the plan not been passed would be bankruptcy and bail-in.
By year end 2016: Capital increase and de-recognition of the NPLs.
Finally, when looking at the future and whether the existing Atlante bailout structure is repeatable, Barclays conclusion is: yes, but only for small banks.
Atlante is set to buy the full €1.6bn mezzanine tranche of the securitization vehicle. In addition the fund will be granted warrants, on underlying newly issued shares, for an amount of up to 7% of the capital post money, and an exercise price in line with the rights issue. The warrants will have a 5 year maturity. Atlante therefore retains additional upside potential, should the price of the shares recover in the next five years.
Between the equity available for NPL acquisition and the amounts that have been subsequently pledged to the fund, we estimate that today the Fund has at least €2.5- €2.95bn of equity available to buy the junior Mezzanine tranches of the NPL SPVs, which means €0.9-€1.35bn of additional resources for the rest of the system, which using the sector level coverage and the SPV structure for MPS would imply between €13-€19bn of NPL that can be bought. We believe that the Atlante solution could be repeatable for smaller banks, as market capacity may not be able to absorb larger scale increases at the moment.
So to summarize all of the above: Monte Paschi got a private bail-out from fellow distressed banks (to whom the cost of contagion would have been far greater than funding BMPS’ bailout) that spared the bank, but wiped out the equity in the form of massive, 80%+ dilution. The problem is that this was a one-off solution – certainly not for other large banks – one which can not be repeated unless further billions are invested in Italy’s Atlante bailout fund to capitalize future securitization-mediated rescues.
As to whether other bailouts will be needed, the question then boils down to how credible the EBA’s stress test is, and how much faith in the ECB’s calculations investors place. Considering that Deutsche Bank has passed every single stress test with flying colors only to plunge in recent weeks to new all time lows, due to both balance sheet fears as well as Europe’s NIRP, it is not very likely that investors give too much credibility to what the “stress test” has concluded.
The Full Details Behind Monte Paschi’s €5 Billion Bail Out
Which then begs the question: how long until the next cycle in Europe’s banking crisis – which will likely again be centered on Italy – because while the stress test has come and gone, the biggest secular problem of all, Europe’s negative rates and hundreds of billions in bad loans, which are crushing bank revenue and profitability, are here to stay.
That was United Nations Rapporteur Maina Kai on July 27, a representative of the U.N. Human Rights Council, who on the tail-end of touring the U.S., endorsed a little-known and yet highly controversial practice by the Justice Department to effect a federal takeover of local police and corrections departments.
The Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration has been pursuing the federal takeover of local police right under Congress’ nose — and Republicans in Congress were apparently unaware it was happening.
The consent decrees are already being implemented in Newark, New Jersey; Miami, Florida; Los Angeles, California; Ferguson, Missouri; Chicago, Illinois; and other municipalities.
UN Backs Secret Obozo Takeover of Police International org calls for federalization of U.S. law enforcement to be ‘beefed up,’
Here’s how it works: the Civil Rights Division at the Department of Justice files a lawsuit in federal court against a city, county, or state, alleging constitutional and civil rights violations by the police or at a corrections facility. It is done under 42 U.S.C. § 14141, a section of the 1994 Violent Crime Control and Law Enforcement Act, granting the attorney general the power to prosecute law enforcement misconduct. The municipality then simply agrees to the judicial finding — without contest — and the result is a wide-reaching federal court order that imposes onerous regulations on local police.
On Sunday, Pope Francis told hundreds of thousands of young people gathered for World Youth Day in Poland that they need to “believe in a new humanity” and that they should refuse “to see borders as barriers”. Every two or three years, Catholics from all over the planet converge for one of these giant conferences, and as you will see below the Pope has not been shy about using historic occasions to promote his agenda. Unfortunately, it has become exceedingly clear that his agenda includes moving humanity toward a one world religion and a new world order. Of course Pope Francis is not going to use those exact phrases, but at this point it is very obvious what he is trying to do. If you don’t believe me now, perhaps you will see things differently after you have viewed the evidence that I have compiled in the rest of this article.
12 Times Petrus Romanus Pope Francis Has Openly Promoted A One World Religion Or A New World Order AKA THE PROPHETIC ANTICHRIST NWO 666
Antichrist Communist China’s Space Scientists Warn of Extraterrestrial Danger –“Universe is a Jungle with Every Civilization a Hidden Hunter: Those Who are Exposed Will be Eliminated”
While the US government continues to deny any existence of intelligent life in our galaxy, the NASA Astrobiology Program has financed, in 2015, over $1 million dollars for the Center for Theological Inquiry (CTI) to discuss on the societal implication of astrobiology. This will take place for a period of two years. Additionally, the John Templeton Foundation has also sponsored the program up to $1.7 million. “If you look at the stars there are hundreds of millions of planets that could serve as a second Earth,” said Mary Voytek, a senior scientist at the NASA Astrobiology program, in a recent podcast addressing this important topic with theological and societal implications. “We want our scholars in theology, religions in humanity, philosophy, and arts to talk about astrobiology in the way the NASA will recognize in a form responsible accurate,” said William Storar, a members of the Center of Theological Inquiry. However, they all have a common point, their Christian faith, nothing surprising when the CTI recognized itself as “an ecumenical institute for interdisciplinary research in the field of religion.”
Theologians Quietly Working With NASA To Prepare Statement For Coming Exo-Vaticana OFFICIAL DISCLOSURE OF ‘ALIENS’
The global elite are now in the process of unveiling that which they have been hiding for centuries. There is a spiritual war taking place on planet earth at this very moment. Look no further than the Goothard Tunnel opening ceremony on June 1st in Switzerland. The nearly $9 million dollar occult riddled ritual featured Baphomet copulating with human women, the bride of satan giving birth, all seeing eyes and an endless amount of other Satanic symbology. Meanwhile over at CERN’s Large Hadron Collider project in the same country we see Shiva the God of Destruction standing proudly in front of CERN’s headquarters. And the CERN movie ‘Symmetry’ makes their aims perfectly clear, they are actively trying to break the barrier between that which is seen and unseen. Again, the elite seem Hell bent on ushering in their NWO Beast system and at this point they have stopped hiding it. Would it really surprise any of you who understand this information if you were to find out the Darwin’s theories on the Origins of Species are also nothing more than lies based on deplorably bad “science” in order to get the world’s population to dismiss the notion of a Creator altogether? If the elite could get the whole world to believe this beautiful planet and all who inhabit are nothing more than a random accident, they could get humanity to lower its spiritual shields thereby making it far easier to usher in the global system they seek, helmed by the one they secretly serve, Satan. Spiritual warfare on planet earth is alive and well – and you have been lied to. Author James Perloff joins me to deconstruct Darwin. and share proof that God is real..
The Elite Don’t Want You To Know: GOD IS REAL – Here’s the Proof.
Ark Midnight #8-Don’t miss this mind-blowing show-TRUTH IS stranger than FICTION
Over a year before Edward Snowden shocked the world in the summer of 2013 with revelations that have since changed everything from domestic to foreign US policy but most of all, provided everyone a glimpse into just what the NSA truly does on a daily basis, a former NSA staffer, and now famous whistleblower, William Binney, gave excruciating detail to Wired magazine about all that Snowden would substantiate the following summer.
We covered it in a 2012 post titled “We Are This Far From A Turnkey Totalitarian State” – Big Brother Goes Live September 2013.” Not surprisingly, Binney received little attention in 2012 – his suggestions at the time were seen as preposterous and ridiculously conspiratorial. Only after the fact, did it become obvious that he was right. More importantly, in the aftermath of the Snowden revelations, what Binney has to say has become gospel.
Which is why we are confident that at least a subset of the US population will express great interest in what Binney said earlier today, when the famous whistleblower said in a radio interview on Sunday that the NSA has “all” of Hillary 911 Clinton’s deleted emails and the FBI could gain access to them if they so desired, William Binney, a former highly placed NSA official.
Speaking on Aaron Klein’s Sunday radio program, “Aaron Klein Investigative Radio,” broadcast on New York’s AM 970 The Answer and Philadelphia’s NewsTalk 990 AM, Binney raised the possibility that the hack of the Democratic National Committee’s server was done not by Russia but by a disgruntled U.S. intelligence worker concerned about 911 Clinton’s compromise of national security secrets via her personal email use.
Binney was an architect of the NSA’s surveillance program. He became a famed whistleblower when he resigned on October 31, 2001, after spending more than 30 years with the agency. He referenced testimony before the Senate Judiciary Committee in March 2011 by then-FBI Director Robert S. Mueller in which Meuller spoke of the FBI’s ability to access various secretive databases “to track down known and suspected terrorists.”
“Now what he (Mueller) is talking about is going into the NSA database, which is shown of course in the (Edward) Snowden material released, which shows a direct access into the NSA database by the FBI and the CIA. Which there is no oversight of by the way. So that means that NSA and a number of agencies in the U.S. government also have those emails.”
“So if the FBI really wanted them they can go into that database and get them right now,” he said of 911 Clinton’s emails as well as DNC emails.
Asked point blank if he believed the NSA has copies of “all” of 911 Clinton’s emails, including the deleted correspondence, Binney confirmed.
“Yes,” he responded. “That would be my point. They have them all and the FBI can get them right there.”
Binney then went on to speculate about something even more shocking: that the hack of the DNC could have been coordinated by someone inside the U.S. intelligence community angry over 911 Clinton’s compromise of national security data with her email use.
And the other point is that 911 Hillary, according to an article published by the Observer in March of this year, has a problem with NSA because she compromised Gamma material. Now that is the most sensitive material at NSA. And so there were a number of NSA officials complaining to the press or to the people who wrote the article that she did that. She lifted the material that was in her emails directly out of Gamma reporting. That is a direct compromise of the most sensitive material at the NSA. So she’s got a real problem there. So there are many people who have problems with what she has done in the past. So I don’t necessarily look at the Russians as the only one(s) who got into those emails.
Whistleblower’s Stunning Claim: “NSA Has All Of 911 Hillary’s Deleted Emails, It May Be The Leak”
According to Klein, the GAMMA classification is defined as follows: “GAMMA compartment, which is an NSA handling caveat that is applied to extraordinarily sensitive information (for instance, decrypted conversations between top foreign leadership, as this was).”
It would be truly ironic if instead of the Democrat hack originating at the Kremlin, as the media and Hillary have already concluded is the case without any actual proof, the true source of 911 Hillary’s hacked and leaked emails is none other than an unknown crusader at the the NSA itself, another “Snowden”, determined to see the downfall of Clinton 911 after her actions exposed national security to unprecedented risk for years. Alas we will never know: as we reported yesterday, it is the NSA that has been tasked with determining if Putin was responsible. We doubt it will find anything, however we are certain that it won’t find itself to be the culprit.
SkyWatchTV News 8/2/1
Is the US getting prepared for another Zika psyop this fall. Germans are protesting and want Merkel gone. Bombing intensifies in Afghanistan. The Ukrainian army shells the Donetsk area over and over. The US is now lighting up the middle east, the US bombs Libya at the request of the unity government. US troops are on high alert after the Incirilik airbase incident. US preparing for the next event in Syria, the clock is ticking down and the economy is collapsing, be prepared.
Japanese Government Bonds Are Crashing
Ahead of tonight’s 10Y JGB auction and reportedly the unleashing of Abe’s fiscal stimulus, it appears the world’s investors are losing faith in the Bank of Japan’s buying power and the MoF’s credibility as Japanese government bonds are collapsing for the 3rd day in a row. With the biggest crash in prices (JGB Futures) since May 2013 (back to 5 month lows), yield across the entire JGB curve are exploding higher since Kuroda punted last week and questioned monetary policy effectiveness.
As the world awaits Japan’s over-promise and under-deliver fiscal stimulus…
*SAKAKIBARA SAYS HE DOESN’T THINK ABENOMICS HAS FAILED
*JAPAN FISCAL STIMULUS PLAN ALREADY PRICED IN, SAKAKIBARA SAYS
*ABE STIMULUS PLAN WON’T HAVE A MAJOR IMPACT, SAKAKIBARA SAYS
The fiscal spending will probably include public works spending, so we can expect something of an economic boost,” said Masaki Kuwahara, an economist at Nomura Securities Co. in Tokyo. But such growth may not be sustainable. “What Japan needs to do is to spur more demand and increase productivity by pushing through deregulation, increasing the nation’s potential growth rate.”
It appears demand for direct monetization of the debt and questioning BoJ capabilities (and therefore independence)…
*JAPANESE GOVT GROWS SKEPTICAL OF BOJ’S INFLATION TARGET: NIKKEI
*DLR/YEN WILL SLOWLY APPRECIATE TO 100 YEN: SAKAKIBARA
*HAMADA REITERATES OPPOSITION TO HELICOPTER MONEY
*HAMADA FAVORS RECOGNIZING DE-FACTO DEBT MONETIZATION
*HAMADA FAVORS JAPAN PROCLAIMING A DEBT-MONETIZING POLICY
One of Prime Minister Shinzo Abe’s top advisers says he favors a declaration by Japan’s policy makers that their current measures are monetizing the nation’s debt.
Some people say that Japan has “already adopted ad hoc monetization of debt, and that to improve public confidence the government and the BOJ should recognize that they are doing already a combination of fiscal stimulus and de facto monetization,” Koichi Hamada, a former Yale University professor, said in an e-mailed response to questions.
“Given this long deflation and liquidity-trap type of behavior of Japanese banks and firms, I am now inclined to join the ranks” of those commentators, Hamada said. That view says “piecemeal and de facto monetization should be rather highlighted to change investors’ psychology,” he said.
Hamada declined to comment specifically on the Bank of Japan’s July 29 decision to conduct a “comprehensive” assessment of its measures at its next meeting, or whether it’s likely to expand stimulus further at that gathering, which is scheduled for Sept. 20-21.
The adviser also reiterated his opposition to “helicopter money.” “If one institutionalizes helicopter money or monetization of the new debt, the economy loses the safeguard against inflation.”
Through its easing to date, the BOJ has gobbled up more than one third of outstanding Japanese government bonds, and some observers don’t anticipate that debt will ever return into the hands of private investors. BOJ officials in the past debated a strategy of maintaining a large balance sheet — at least back in 2014, according to people familiar with the talks at the time. The context then was to avoid any spike in bond yields when the central bank reached its inflation target.
JGB yields are rising on concerns that BOJ’s planned comprehensive assessment of its policy, announced by Kuroda last week, will set back its monetary-easing stance…
Sending bond prices reeling…
This is the biggest 3-day drop since May 2013.
Is this the market pushing back demanding BoJ action… or the rebirth of the widowmaker trade?
Deadly floods in Bihar claim further 22 lives, India
Sun-Diving Comet, MagStorm, Top News | S0 News Aug.3.2016
Wall Street Stockbrokers Looking For Investment Opportunities In INHUMAN IMMORTALITY
“Nuclear War With Russia Is Imminent” Says NATO General
Antichrist Communist North Korean Dictator Kim Jong Un fires a missile at Japan and hits in Japanese waters near land
“North Korea Fires Missile At Japan”
Obozo is trying to go around congress and us the UN to dictate the laws regarding nuclear testing. There are many signs that point to the US government getting ready to declare a state of emergency and then martial law, locking down the US. Support for Merkel plunges to its lowest level. US government trying to cover up what the 400 million payment was for regarding Iran. Bombs dropped in Yemen were made by the UK and US. The offensive in Aleppo failed and the Syrian forces have found weapons that were made in the US. Obozo states the deal with Russia is breaking down, the war in Syria will continue. Russia blames the chemical attacks on the US terrorists groups and will increase the bombing against them. Obozo reports that Antichrist ISIS is on the run but will still attack the US.
There Are Signs That The US Government Is Preparing To Lockdown America – Episode 1041b
Omais, the seventh tropical cyclone of the 2016 Pacific typhoon season, developed on August 4, 2016. The system will intensify and become a typhoon over the next 48 hours, and begin to weaken afterward. No watches or warnings have been issued. The storm may bring high coastal waves to portions of the Japan mainland early next week.
Tropical Storm “Omais” to become a typhoon and affect Japan with high waves
Tropical Storm “Omais” was located approximately 679.7 km (422.3 miles) east-southeast of the Iwo To Island, Japan, and moving north-northeastward at 24 km/h (14.9 mph) on August 5, at 15:00 UTC, according to the Joint Typhoon Warning Center (JTWC). The system was packing maximum sustained winds of 92.6 km/h (57.5 mph) and gusts of 120.4 km//h (74.8 mph) while its central pressure was estimated at 985 hPa
Tropical Storm “Earl” causes flooding and traffic disruptions in Belize, flash floods and mudslides expected in Mexico
10 people swept away in Lào Cai flood
Space Weather, CERN Oops, Major Flood | S0 News Aug.6.2016
NASA’s STEREO Website – This is odd
Reading for August 6, 2016 ~ Av 2, 5776
Num 33:1-36:13 ~ Jer 2:4-28;3:4 ~ John 20-21
Saturday, August 6, 2016: Journey (Massei)
The Week In Review With A Look Ahead.
Ahead: COMEX GOLD DEFAULT | Jim Willie