Thursday, June 11, 2015
This summer, Apple is set to introduce its “contactless payment technology” Apple Pay to Britain, shortly after a secret meeting was reported to have taken place in London to “end cash”. The iPhone is already fitted with a wireless microchip which can be used to pay in a similar manner to contactless cards, with The Telegraph suggesting Apple Pay could be rolled out in the UK as soon as August. Apple’s website promotesApple Pay as:
“Your wallet. Without the wallet. Paying in stores or within apps has never been easier. Gone are the days of searching for your wallet. The wasted moments finding the right card. Now payments happen with a single touch. Apple Pay will change how you make purchases with breakthrough contactless payment technology and unique security features built right into the devices you have with you every day. So you can use your iPhone to pay in a simple, secure, and private way.”
Despite sounding like an easier and more convenient way to purchase goods and services, many around the world have voiced fears over the move towards a cashless society. Apple Pay is one step closer towards a global cashless society, where cash is banned and every transaction is tracked by authorities.
Apple itself has been accused of violating its customer’s rights by allowing the National Security Agency (NSA) access to user’s private information, although Apple has denied this charge. If this accusation is true however, can we trust ‘Apple Pay’ to truly be a “private way” to make payments and not another tool for government surveillance?
The trend towards contactless forms of payments has accelerated in recent years. In 2014, people using contactless cards to pay in stores and train stations trebled in the UK, with a record £2.32bn spent using this method of payment. Across the Atlantic, the majority of young Americans now prefer “plastic to cash”, according to a survey conducted last year by CreditCards.com. The survey found:
“A slight majority (51 percent) of consumers 18-29 prefer plastic to cash, the only age group to do so. A preference for cash becomes stronger in each advancing age bracket, until at age 65-plus, 82 percent prefer cash… In all cases, however, the trend is clear. Regardless of some differences in magnitude based on demographic factors, plastic is replacing cash as the currency of choice — even for small purchases.”
Governments and financial institutions have been waging a war on cash in recent years, a war that is only going to intensify in future years. Chase Bank, the largest in the US, has recently entered this battle by enacting a policy thatrestricts the use of cash. The policy includes prohibiting the storage of cash in its safety deposit boxes.
Denmark and Sweden are at the forefront of the move towards a cashless global society, a move that is supported by such initiatives as the UN Capital Development Fund’s Better Than Cash Alliance. Funded by such notorious organisations as the Bill & Melinda Gates Foundation, Citi Bank, the Ford Foundation and MasterCard, the alliance“facilitates the transition for governments, the development community and the private sector by:
Advocating for organizations to commit to transition their distribution of government benefits, humanitarian aid assistance, payroll, and supplier payments from cash to electronic.
Providing policy, technical and financial assistance to identify and implement the most effective approach for local market conditions that maximize the benefits at each stage of the transition.
Developing cutting-edge research products, best practices and case studies in order to drive the effective shift from cash to electronic payments globally.”
Bill and Melinda Gates have been vocal proponents of a cashless society, euphemistically writing in the ‘2015 annual Gates letter’ that “digital banking will give the poor more control over their assets and help them transform their lives.” The couple then detail the importance of mobile phones in enabling this transition:
“The key to this will be mobile phones. Already, in the developing countries with the right regulatory framework, people are storing money digitally on their phones and using their phones to make purchases, as if they were debit cards. By 2030, 2 billion people who don’t have a bank account today will be storing money and making payment with their phones. And by then, mobile money providers will be offering the full range of financial services, from interest-bearing savings accounts to credit to insurance.”
I am a strong supporter of the people of Africa and around the world having “more control over their assets”, but a digital cash-free economy in the hands of private corporations and nefarious foundations will only transfer “more control” into the hands of the elite. A centralized global cashless society would remove any hope of anonymity when purchasing goods and services, in addition to providing authoritarian regimes with the ability to financially cut-off dissenting citizens.
So will Apple Pay really be a “secure and private” way to make purchases, or will it only serve as another way for the corporate-intelligence complex to gather data on every facet of your life?
Credit to Globalreserch.ca
Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank. So how has this happened? How have we gotten the entire planet to agree that central banking is the best system? Did the people of the world willingly choose this? Of course not. To my knowledge, there has never been a single vote where the people of a nation have willingly chosen to establish a central bank. Instead, what has happened is that central banks have been imposed on all of us. All over the world, people have been told that monetary issues are “too important” to be subject to politics, and that the only solution is to have a group of unelected, unaccountable bankers control those things for us.
So precisely what does a central bank do?
You would be surprised at how few people can actually answer that question accurately. The following is how Wikipedia describes what a central bank does…
A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Examples include the European Central Bank (ECB), the Bank of England, the Federal Reserve of the United States and the People’s Bank of China.
In the United States, we are told that we have a free market system. But in a true free market system, market forces would determine what interest rates are. We wouldn’t need anyone to “set interest rates” for us.
And why have we given a private banking cartel (the Federal Reserve) the authority to create and manage our money supply? The U.S. Constitution specifically delegates that authority to Congress.
It is not as if we actually need the Federal Reserve. In fact, the greatest period of economic growth in U.S. history happened during the decades before the Federal Reserve was created.
Unfortunately, a little over 100 years ago our leaders decided that it would be best to turn over our financial future to a newly created private banking cartel that was designed by very powerful Wall Street interests. Since that time, the value of our currency has diminished by more than 96 percent and our national debt has gotten more than 5000 times larger.
But despite all of the problems, the vast majority of Democrats and the vast majority of Republicans are not even willing to consider slightly curtailing the immense power of the Federal Reserve. And the idea of getting rid of the Fed altogether is tantamount to blasphemy to most of our politicians.
Of course the same thing is true all over the planet. Central banks are truly “the untouchables” of the modern world. Even though everybody can see what they are doing, there has not been a single successful political movement anywhere on the globe (that I know about) to shut a central bank down.
Instead, in recent years we have just seen the reach of central banking just continue to expand.
For example, just look at what has happened to some of the countries that were not considered to be “integrated” into the “global community”…
-In 2001, the United States invaded Afghanistan. In 2003, Da Afghanistan Bank (who picked that name?) was established by presidential decree. You can find the official website of the bank right here. Now Afghanistan has a modern central bank just like the rest of us.
-In 2003, the United States invaded Iraq. In early 2004, the Central Bank of Iraq was established to manage the Iraqi currency and integrate Iraq into the global financial system. The following comes from the official website of the Central Bank of Iraq…
Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards, and seeks to promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed using modern anti-forgery techniques, to “create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives. Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.The Central Bank of Iraq (Arabic: البنك المركزي العراقي) was established as Iraq’s independent central bank by the Central Bank of Iraq Law of March 6, 2004
-In 2011, the United States bombed the living daylights out of Libya. Before Muammar Gaddafi was even overthrown, the U.S. helped the rebels establish a new Central Bank of Libya and form a new national oil company.
Central banks are specifically designed to trap nations in debt spirals from which they can never possibly escape. Today, the debt to GDP ratio for the entire planet is up to an all-time high record of 286 percent. Humanity is being enslaved by a perpetual debt machine, but most people are not even aware that it is happening.
It is time for an awakening. We need to educate as many people as possible about why we need to get rid of the central banks. For those living in the United States, my previous article entitled “On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever” is a good place to start. In other countries, we need people to write similar articles about their own central banks in their own languages.
The global elite dominate us because we allow them to dominate us. Their debt-based system greatly enriches them while it enslaves the remainder of the planet. We need to expose their evil system and the dark agenda behind it while we still have time.
Credit to Economic Collapse
There is so much to be discerned in the details of the recent triumph of the horse American Pharoah in the Triple Crown. The message in this event bears such great importance for Christians, that I am going to approach this subject patiently, establishing the various understandings of this sign with much evidence that the reader might be able to test this matter, and prove its message for themselves. I am going to begin by sharing evidence pointing to Barack Hussein Obama as the identity of the American Pharaoh.
As I mentioned in a previous post, there is significance to the fact that the name of the horse contains a misspelling. The word Pharaoh when spelled correctly has the A preceding the O. Yet in the name of this horse, the A and O have been reversed.
In English, the letters A and O are used to approximate the Greek letters Alpha and Omega due to these words beginning with the letters A and O. In the Greek alphabet, Alpha is the first letter and Omega the last. During the time of Christ, Greek was the lingua franca of the Roman Empire. Many of the Jews spoke Greek either as a first or second language. Consequently, the New Testament books were written in Greek, and we find Greek expressions in them, such as that which declares Christ Yahshua to be “the Alpha and Omega.” (In Hebrew it would be expressed as “the Aleph and Tav”).
"I am the Alpha and the Omega, the first and the last, the beginning and the end."
We see in the context of the verse what is meant by calling Christ the Alpha and Omega. It means that before Him there was no other in creation, and there will be none after Him. He is the firstborn and only begotten Son of God.
The Bible speaks of an antichrist coming in the last days prior to the return of Yahshua.
I John 2:18
Children, it is the last hour; and just as you heard that antichrist is coming, even now many antichrists have arisen; from this we know that it is the last hour.
I John 4:3
And this is the spirit of the antichrist, of which you have heard that it is coming, and now it is already in the world.
The word antichrist can mean “against Christ,” as well as “in the place of Christ.” The antichrist is a false anointed one who denies the Father and the Son.
II John 7
For many deceivers have gone out into the world, those who do not acknowledge Jesus Christ as coming in the flesh. This is the deceiver and the antichrist.
One way to denote one who is an antichrist is to reverse those names and titles which belong to the one true Christ. Reversal is a well known practice among those who worship Satan. Reversal was promoted by Aleister Crowley, a Satanist who encouraged his disciples to think and speak things backwards. Crowley wrote the following as a means by which Satan’s disciples might advance themselves.
First Method. Let the Exempt Adept first train himself to think backwards by external means, as set forth here following.
A. Let him learn to write backwards, with either hand.
B. Let him learn to walk backwards.
C. Let him constantly watch, if convenient, cinematograph films, and listen to phonograph records, reversed, and let him so accustom himself to these that they appear natural, and appreciable as a whole.
D. Let him practise speaking backwards; thus for "I am He" let him say, "Eh ma I".
E. Let him learn to read backwards. In this it is difficult to avoid cheating one's self, as an expert reader sees a sentence at a glance. Let his disciple read aloud to him backwards, slowly at first, then more quickly.
F. Of his own ingenium, let him devise other methods.
It is according to Satanic custom to reverse the order of letters, an act of overturning the things of Yahweh, calling black white, good evil and evil good. This then is the significance of the reversal of the A and O in the spelling of American Pharoah. As Christ is the Alpha and Omega, the antichrist is the Omega and the Alpha. Significantly, Barack Obama has used the letter O as his personal logo.
Taking the meaning of this letter as defined in Scripture, one could understand that Obama is “the last.” The application that comes readily to mind is that he will be “the last” President of the United States. When he ran for President initially, his campaign theme was “Change.” The change he has brought has not been that which the people understood him to be promising. Will we see that the ultimate end of this change is an end of America’s present form of government and the imposition of an imperial ruler after the pattern of Pharaoh? There have been prophetic voices declaring that Obama will be the last President. In a recent post I shared that Mena Lee Grebin is declaring this to be the revelation God has given to her.
Before we consider such things, let us firmly establish that Barack Hussein Obama is who is being signified by this horse named American Pharoah. A very remarkable and affirming testimony is found in the long running, popular comedy program Saturday Night Live. This comedy show frequently features skits where world leaders or famous individuals are mimicked, mocked, or lampooned. In 2010, the 36th season of Saturday Night Live, a comedian who adopted the stage name of Jay Pharoah joined the cast. Wikipedia provides the following information on Jay Pharoah.
Jared Antonio Farrow (born October 14, 1987), better known by his stage name Jay Pharoah, is an American actor, stand-up comedian, impressionist, rapper, and voice actor. He joined the cast of NBC's Saturday Night Live in 2010, for its thirty-sixth season...
Pharoah became an internet phenomenon when his impersonation of Barack Obama became widely seen on YouTube.
Jay Pharoah as President Barack Obama
Note that Pharoah also misspells his name, just as the name of the horse is misspelled. This is an extraordinary “coincidence.” Note also that Pharoah joined SNL in its 36th season. When you add up all the digits from 1 to 36, their cumulative total is 666.
In March of 2009, Obama made a trip to the Middle East which included a stopover in Egypt. The President was given a tour of numerous historical sites, including the pyramids and the Sphinx.
Obama Touring Egypt
From the time of Obama’s visit to Egypt, a wide number of sources have commented on the American President’s similar appearance to various Egyptian Pharaohs. Zahi Hawass, pictured with Obama above, the head of Egyptian antiquities, suggested that Obama represented Tutankhamun, popularly referred to as “King Tut.”
Others have suggested that he resembles the Egyptian Pharaoh Akhenaten. Numerous photo mash-ups are available online comparing the two.
Pharaoh Akhenaten/President Obama
In its heyday, Egypt was the greatest nation on earth and the Pharaoh was considered the most powerful ruler on earth. Today, America is the greatest nation on earth. It boasts of being the only superpower among nations, and the President has often been referred to as “the leader of the free world.” The correlations are obvious.
Aside from this, the Egyptians were renowned for their monuments, among them being the numerous obelisks they built to honor their gods and their Pharaohs. Many of these obelisks remain to this day, and are positioned in strategic places. One Egyptian obelisk stands at the center of St. Peter’s Square in the Vatican, giving testimony that the Roman Catholic Church continue the ancient practice of Baal worship. The word obelisk means “shaft of Bel/Baal.” Another Egyptian obelisk referred to as Cleopatra’s Needle has been relocated to the city of London, the financial capital of the world. (Similar obelisks bearing the same name are located in New York City and Paris, also financial capitals.) All of these are authentic Egyptian obelisks that were relocated from Egypt to other nations. The largest obelisk in the world, however, is located in America’s capital, Washington, D.C.. This is not an authentic Egyptian obelisk, but it was modeled to appear as one.
This monument is 555 feet tall, and is reported to extend 110 feet below the surface of the earth. I suspect, however, that the true depth is 111 feet, giving it an overall height of 666 feet. That this Egyptian symbol is dedicated to America’s first President testifies to the fact that America has become the Egypt of the world and her top government official is the American Pharaoh.
(Note also that the horse American Pharoah bore the number 5 during the Belmont Stakes, the final race of the Triple Crown, and the race began precisely at 5:50 Central Standard Time, the time zone in which Chicago, Obama’s hometown, lies. In this we see the 555 testimony which also exists in the great obelisk in Washington, D.C..)
It is of significance that during Barack Obama’s Presidency, the tallest building ever built in America, and the tallest in the western hemisphere, attained its full height of 1,776 feet. One World Trade Center was topped off on 5/10/2013 (May 10th). This date also contains a 555 allusion, for it was the 5th month and the tenth day (10=5+5). 13, of course, was the year, and the Biblical significance of the number 13 is that of rebellion, and defiance against the face of God. This defiance is a characteristic of Pharaoh.
Afterward Moses and Aaron came, and said to Pharaoh, "This is what Yahweh, the God of Israel, says, 'Let my people go, that they may hold a feast to me in the wilderness.'" Pharaoh said, "Who is Yahweh, that I should listen to his voice to let Israel go? I don't know Yahweh, and moreover I will not let Israel go."
Barack Obama wrote a note on a steel beam that was hoisted to be installed near the top of the One World Trade Center (1WTC). He signed his name on the beam in imitation of ancient rulers of Babylon and Egypt who would inscribe their names somewhere in the material of the great buildings constructed during their reign. The spire at the top of the building was constructed of 18 steel sections, each raised separately (6+6+6).
The beam installed near the top of 1WTC bears Obama’s message “We remember. We rebuild. We come back stronger.” Such a statement could be the utterance of Satan as he defies the One who cast him out of heaven and consumed him in fire on the earth. Those who are Satan’s disciples make similar defiant boasts in the face of God.
Continuing the parallels between America in general, and the World Trade Center complex in particular with Egypt, we observe that the two World Trade Center towers destroyed on 9-11, and the new One World Trade Center tower, are aligned in a fashion that mirrors the three great pyramids on the Giza plateau in Egypt.
Additionally, in 2010, during the time the tower was being constructed, during Obama’s first Presidential term, a statue of Anubis, the Egyptian god of the dead, visited Manhattan Island in New York City.
The oldest known mention of Anubis is in the Old Kingdom pyramid texts, where he is associated with the burial of the Pharaoh. At this time, Anubis was the most important god of the dead...
Another reference to Egypt at this tallest of American buildings was the formation of the Eye of Horus during an anniversary ceremony of the destruction of the twin towers.
A remarkable poster honoring Obama was produced by an American ad agency called The Loyalty Inc.. It combined both the imagery of Obama as Pharaoh, and Obama as Alpha and Omega, or more appropriately, the Omega and the Alpha. More information on this poster can be found here:
Not only does this poster mimic the Great Pyramid and All-Seeing-Eye on the Great Seal of the United States, but it subtly includes the figure of the A and O. The A is formed by the arms and hands, and the O by the circling of the thumbs and fingers.
Further tying Egypt to Obama’s Presidency, we find on the Great Seal the number 1776 is inscribed at the base of the pyramid in Roman numerals. This is the precise height of the One World Trade Center which was reached in the 5th year of Obama’s Presidency. One World Trade Center is America’s Great Pyramid. It prominently features pyramid shapes on the outer face of the building.
One World Trade Center - Street Level View
Another View of One World Trade Center
It was a dark day (literally) when the One World Trade Center was topped off, for there was a rare solar eclipse that occurred on that day. This solar eclipse was an omen to the world. The eclipse was what is referred to as an “annular eclipse.” It is where the Moon moves in front of the Sun, but does not completely cover it. This results in what is described as a “ring of fire” at the height of the eclipse.
More on the “ring of fire” and the subject of “crowning” later. Looks kind of like the Obama “O,” doesn’t it?
In the Old Testament, the identity of Yahshua the Christ was still hidden. Therefore, the enemies of Yahweh might be referred to as antigod. Such a description certainly was befitting of Pharaoh. In the time of Moses, the Pharaoh vaunted himself up against the God of heaven and earth. He defied the commandment of Yahweh to let His people go. “Pharaoh said, ‘Who is Yahweh, that I should listen to his voice to let Israel go? I don't know Yahweh, and moreover I will not let Israel go.’” Carried forward to this day, we would describe Pharaoh as having an antichrist spirit, for Jesus Christ/Yahshua the Messiah, is the visible manifestation of God the Father. He is God come in the flesh. It is therefore not surprising to find prophetic signs indicating that Obama is both the American Pharaoh and an antichrist figure. Following is a quick summary of some additional facts which reveal this dual identification of America’s 44th President.
American Pharaoh was sponsored by Monster Energy whose energy drinks are promoted with the slogan “Unleash the Beast!” An energy drink company sponsoring a horse at a premier thoroughbred racing event is an unusual pairing, as noted by Yahoo Finance Senior Columnist Michael Santoli.
“Monster, this extreme brand, it’s very much a youth brand. It’s kind of spur of the moment,” he notes. “Horseracing demographics, it’s a pretty sedate group, it’s an older group.”
Oddities and aberrations often grab my attention. Things that are out of the normal often are used as messages to reveal something that is hidden. Why would Monster Energy Drink broker this deal with the owner of American Pharoah? What is the significance of this association? These questions find answers as we consider the symbolism embedded in the Monster Energy logo.
The stylized letter “M” in the Monster logo is comprised of three repeated elements that bear an undeniable resemblance to the Hebrew letter Vav which carries the numeric value of 6. Thus the three Hebrew characters can be viewed as 666. When one adds to this the slogan of “Unleash the Beast!” adopted by Monster Energy, it is not hard to argue that the 666 connection is intentional. Although the company has downplayed the 666 connection, its deliberate intent is revealed in other corporate decisions, such as their hiring 18 (6+6+6) female models to fill the role of “Monster Girls,” appearing at events where the company has a paid sponsorship.
Monster did not sponsor American Pharoah during the first two races of the Triple Crown. They only sponsored the horse for the third and final race which was held on June 6th, 2015. The date of 6/6/15 bears the value of 6/6/6 when using Pythagorean Reduction, a common form of numerology. In Pythagorean Reduction, multiple digits are reduced to a single digit through addition. Thus the number 15 becomes 1+5 which equals 6.
During the first race of the Triple Crown, the Kentucky Derby, American Pharoah wore the number 18 which is 6+6+6.
During the final race of the Triple Crown the horse bore the Monster logo, a stylized 666 in Hebrew characters, as did the jockey, and the owners.
Note the Monster logo on the boots of the jockey above. He also wore the Monster logo on his hat, and his collar.
Jockey and Horse Owner’s Sons Wearing Monster Logo 666
Barack Obama’s initial Presidential campaign took place in 2008, with the election being held in November of that year. In January 2008, on the 18th day of the month (6+6+6), the movie Cloverfield was released. The poster and advertisements for this movie featured a picture of the Statue of Liberty with its head torn off and three distinct claw marks, similar to the Monster Energy logo, going across the body of the statue. In the background the city of New York is on fire with major damage that has been inflicted on the city by a gigantic beast.
Significantly, this beast arises from the waters, a striking parallel to the manner in which the Bible describes the Pharaoh of Egypt.
"Speak and say, 'Thus says Yahweh God, ‘Behold, I am against you, Pharaoh, king of Egypt, the great monster that lies in the midst of his rivers...’”
In the poster above, the monster, or beast, arises from the Hudson River, just as Pharaoh is said to rise from the Nile River. The movie Cloverfield had a run time of 84 minutes which is 6 times 14, 14 bearing the Biblical meaning of “transition.” Obama campaigned on a slogan of “Change,” which is another word for transition. That a beast has been unleashed and is bringing ruin to America and a loss of liberty, is signified in the symbolism of this movie poster. This destruction is wrought by the Pharaoh of America even as the Egyptian Pharaoh was described as a “great monster” arising from Egypt’s rivers.
Obama’s campaign headquarters in Chicago had the postal zip code 60606. Additionally, on November 5th, the day the election results for the Presidential race were announced to the nation and appeared in newspapers across the country, the Pick 3 Lottery results for the state of Illinois (Obama’s home state) were 6-6-6. There are also 18 letters in the name Barack Hussein Obama.
In his second run for the Presidency, the Obama campaign used the unusual tagline of “Are You In?” The desired response was “I’m In!” Clicking on the response would give one access to the campaign site.
In this age of Tweets and text messaging, the phrase “Are You In” is often shortened to “R U In?” This spells RUIN.
This is the Change indicated by the Cloverfield poster and which Barack Obama is bringing about. We are merely seeing the preliminary stages of what this nation will look like as restraint is removed and the beast nature is unleashed to run rampant. Cities like Ferguson, Missouri, and Baltimore, Maryland are merely the beginning of what is coming to cities all across the nation.
The American Pharaoh does not care about the lives that will be lost, the property damaged, the peace that is destroyed, or the liberty that will be forsaken. Those who are servants of Satan “come only to kill, steal, and destroy.” A lack of compassion for the suffering of humanity is a characteristic of the Pharaoh in the Bible.
Now there arose a new king over Egypt, who didn't know Joseph. He said to his people, "Behold, the people of the children of Israel are more and mightier than we. Come, let us deal shrewdly with them, lest they multiply, and it happen that when any war breaks out, they also join themselves to our enemies, and fight against us, and escape out of the land." Therefore they set taskmasters over them to afflict them with their burdens. They built storage cities for Pharaoh: Pithom and Raamses. But the more they afflicted them, the more they multiplied and the more they spread out. They were grieved because of the children of Israel. The Egyptians ruthlessly made the children of Israel serve, and they made their lives bitter with hard service, in mortar and in brick, and in all manner of service in the field, all their service, in which they ruthlessly made them serve. The king of Egypt spoke to the Hebrew midwives, of whom the name of the one was Shiphrah, and the name of the other Puah,
and he said, "When you perform the duty of a midwife to the Hebrew women, and see them on the birth stool; if it is a son, then you shall kill him; but if it is a daughter, then she shall live."
Everywhere we see the Pharaoh as an oppressor of the people. He has only his own welfare, and the welfare of those in his inner circle, in mind. His policies are oppression and cruelty, even to the murder of infants. When the Hebrew midwives did not carry out Pharaoh’s order, Pharaoh ordered his own people to cast the young male Hebrews into the waters of the Nile River.
Pharaoh charged all his people, saying, "You shall cast every son who is born into the river, and every daughter you shall save alive."
In a remarkable parallel, when Barack Obama served in the Illinois State Senate, he voted four times against the Born Alive Infant Protection Act which would have required that any infant that was born alive after a failed abortion be immediately recognized as a human person and be given protection under the law. This would have required basic life saving and life sustaining treatment be given to a baby which survived an abortion. During debate on this bill in the Illinois Senate in 2001, Obama stated the following:
“Number one, whenever we define a previable fetus as a person that is protected by the equal protection clause or the other elements in the Constitution, what we’re really saying is, in fact, that they are persons that are entitled to the kinds of protections that would be provided to a child, a nine-month-old child that was delivered to term. That determination then, essentially, if it was accepted by a court, would forbid abortions to take place. I mean, it would essentially bar abortions, because the equal protection clause does not allow somebody to kill a child, and if this is a child, then this would be an antiabortion statute.”
Obama refused to acknowledge a breathing baby with a beating heart as a child because to do so would have made it a crime to kill the child. This is the cold heart of the American Pharaoh, and it bears a striking similarity to the heart of the Pharaoh who ordered all male babies born to the Hebrews to be cast into the river and drowned.
The preponderance of evidence reveals that Barack Obama is the American Pharaoh. In following posts we will continue to look at what is being signified by the recent Triple Crown victory by the horse named American Pharoah.
Credit to Joseph Herrin
It is well known that I don’t think much of the ability of government officials to correctly forecast much of anything. Alan Greenspan and Ben Bernanke have made famously clueless predictions with respect to stock and housing bubbles, and rank and file Fed economists have consistently overestimated the strength of the economy ever since their forecasts became public in 2008 (see my previous article on the subject). But there is one former Fed and White House economist who has a slightly better track record...which is really not saying much. Over his public and private career, former Fed Governor and Bush-era White House Chief Economist Larry Lindsey actually got a few things right.
Back in the late 1990s, Lindsey was one of the few Fed governors to warn about a pending stock bubble, and to suggest that forecasts for future growth in corporate earnings were wildly optimistic. He also famously predicted that the cost of the 2003 Iraq invasion would greatly exceed the $50 billion promised by then Secretary of Defense Donald Rumsfeld, a dissent that ultimately cost him his White House position. (But even Lindsey’s $100-$200 billion forecast proved way too conservative - the final price of the invasion and occupation is expected to exceed $2 trillion).
Now Lindsey is speaking out again, and this time he is pointing to what he sees as a painfully obvious problem: That the Fed is creating new bubbles that no one seems willing to confront or even acknowledge. Interviewed by CNBC on June 8th on Squawk Box, Lindsey offered an unusually blunt assessment of the current state of the markets and the economy. To paraphrase:
“The public and the political class love to have everything going up. We had “Bubble #1” in the 1990s, “Bubble #2” in the 00s, and now we are in “Bubble #3.” It’s a lot of fun while it’s going up, but no one wants to be accused of ending the party early. But it’s the Fed’s job to take away the punch bowl before the party really gets going.”
To his credit, however, Lindsey sees how this is sowing the seeds for future pain, saying:
“The current Fed Funds rate is clearly too low, the only question is how we move it higher: Do we do it slowly, and start sooner, or do we wait until we are forced to, by the bond market or by events or statistics, in which case we would need to move more quickly. By far the lower risk approach would be to move slowly and gradually.”
In other words, he is virtually pleading for his former Fed colleagues to begin raising rates immediately. I would take Lindsey’s assertion one step further; the party really got going years ago and has been raging since September 2011, the last time the Dow corrected more than 10%. (That correction occurred at a time when the Fed had briefly ceased stimulating markets with quantitative easing.) Since then, the Dow has rallied by almost 58% without ever taking a breather. With such confidence, the party has long since passed into the realm of late night delirium.
As if to confirm that opinion, on June 8th the Associated Press published an extensive survey of 500 companies (using data supplied by S&P Capital IQ) that showed how corporate earnings have been inflated by gimmicky accounting. Public corporations, upon whose financial performance great sums may be gained or lost, are supposed to report earnings using standard GAAP (Generally Accepted Accounting Principles) methods. But much like government statisticians (see last month’s commentary on the dismissal of bad first quarter performance), corporate accountants may choose to focus instead on alternative versions of profits to make lemonade from lemons.
Using creative accounting, bad performance can be explained away, moved forward, depreciated, offset, or otherwise erased. Given the enormity and complexity of corporate accounting, investors have deputized the analyst community to sniff out these shenanigans. Unfortunately, our deputies may have been napping on the job.
The AP found that 72% of the 500 companies had adjusted profits that were higher than net income in the first quarter of this year, and that the gap between those figures had widened to sixteen percent from nine percent five years ago. They also found that 21% of companies reported adjusted profits that were 50% more than net income, up from just 13% five years ago.
But with the fully spiked punch bowl still on the table, and the disco beat thumping on the speakers, investors have consistently looked past the smoke and mirrors and have accepted adjusted profits at face value. In a similar vein, they have looked past the distorting effect made by the huge wave of corporate share buybacks (financed on the back of six years of zero percent interest rates from the Fed). The buybacks have created the illusion of earnings per share growth even while revenues have stalled.
So kudos to Lindsey for pointing out the ugly truth. But I do not share his belief that the economy and the stock market can survive the slow, steady rate increases that he advocates. I believe that a very large portion of even our modest current growth is based on the “wealth effect” of rising stock, bond, and real estate prices that have only been made possible by zero percent rates in the first place. In my opinion, it is no coincidence that economic growth and stock market performance have stagnated since December 2014 when the Fed’s QE program came to an end (it has very little to do with either bad winter weather or the West Coast port closings).
Prior to that, the $80+ billion dollars per month that the Fed had been pumping into the economy had helped push up asset prices across the board.With QE gone, the only thing helping to keep them from falling, and the economy from an outright recession (which is technically a possibility for the first half of 2015), is zero percent interest rates. Given this, even modest increases in interest rates could be devastating. Lindsey’s gradual approach may be equally as dangerous as the rapid variety. But the quick hit has the virtue of bringing the inevitable pain forward quickly and dealing with it all at once. Call it the band-aid removal approach; it may seem brutal, but at least it’s direct, decisive and makes us deal with our problems now, rather than pushing them endlessly into the future.
The last attempt made by the Fed to raise rates gradually occurred after 2003-2004 when Alan Greenspan had attempted to withdraw the easy liquidity that he had supplied to the markets in the form of more than one years’ worth of 1% interest rates. But by raising rates in quarter point increments for the succeeding two years, Greenspan was unable to get in front of and contain the growing housing bubble, which burst a few years later and threatened to bring down the entire economy. In retrospect, Greenspan may have done us all a favor if he had moved more decisively.
Today, we face a similar but far more dangerous prospect. Whereas Greenspan kept rates at 1% for only a year, Bernanke and Yellen have kept them at zero for almost seven. We have pumped in massively more liquidity this time around, and our economy has become that much more addicted and unbalanced as a result. Arguably, the bubbles we have created (in stocks, bonds, student debt, auto loans, and real estate) in the years since rates were cut to zero in 2008 have been far larger than the stock and housing bubbles of the Greenspan era. When they pop, look out below. Unfortunately, the gradual approach did not save us last time (worse, it backfired by making the ensuing crisis that much worse), and I believe it won’t work this time.
In fact, the current bubbles are so large and fragile that air is already coming out with rates still locked at zero. However, unlike prior bubbles that pricked in response to Fed rate hikes, the current bubble may be the first to burst without a pin. It appears the Fed fears this and will do everything it can to avoid any possible stress. That is why Fed officials will talk about raising rates, but keep coming up with excuses why they can’t.
Lindsey will be right that the markets will eventually force the Fed to raise rates even more abruptly if it waits too long to raise them on its own. But he grossly underestimates the magnitude of the rise and the severity of the crisis when that happens. It won’t just be the end of a raging party, but the beginning of the worst economic hangover this nation has yet experienced.
Credit to Zero Hedge
Iranian media erupted on Wednesday with an unsubstantiated rumor that US Secretary of State John Kerry was not injured earlier this week in a simple fall from his bicycle in Switzerland, but rather he was the target of an assassination attempt while meeting with Islamic State terrorists.
The Iranian media has been known to report "conspiracy theories" in the past, such as a September report that Israel was spearheading a dangerous global plot to spread the Krav Maga martial art worldwide and a December report that Israel was building settlements in Iraq.
The latest Iranian report, first published by the Nasim news agency and subsequently picked up by dozens of Iranian news sites, based its information on "an American news website" which cites a Russian foreign intelligence service report as the source of the information.
According to the report in Nasim, Kerry secretly met with one of the leaders of Islamic State on Sunday. The meeting eventually led to an armed clash and an attempt to assassinate the US secretary of state.
Kerry's meeting, in which the alleged assassination attempt took place, was with Gulmurod Khalimov, a senior Tajik police commander, trained in the United States, who announced his defection to Islamic State in a video released last week, the report states.
Having received training from the US State Department previously, Khalimov was well aware of State Department security procedures and he used the knowledge to get another member of his entourage into the secret meeting with Kerry, with the intention of assassinating him, the report claims.
The report cited communications intercepted by Russian intelligence from France, the US and Switzerland as confirming that two other people were shot in the incident, one of them fatally.
The story of Kerry breaking his femur in a bicycle accident in Switzerland was then concoted to hide the real source of his "grave injuries," according to the report.
Credit to Jerusalem Post
While on the surface the European leaders of G-7 nations are all smiles in their photo-ops next to US president Barack Obama, there is an unmistakable tension and simmering resentment at the US for forcing Europe into America's personal crusades.
"Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” said the former French Prime Minister Fillon while the chief economist at Bremer Landesbank adds that as a result of US policies "unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.”
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German Banker: Obama Is Destroying Europe,submitted by investigative historian Eric Zuesse
Interviewed on June 6th by German Economic News, the chief economist at Bremer Landesbank, Folker Hellmeyer, says that because of Obama’s sanctions against Russia, German exports declined year-over-year by 18% in 2014, and by 34% in the first two months of 2015 (no later figures), but he asserts that "The damage is much more comprehensive than these statistics show,” because those are only the “primary losses,” and there are in addition “secondary effects,” which get even worse over time.
For example: "European countries with strong business in Russia, including Finland and Austria, are economically hit very hard. These countries consequently place fewer orders from Germany. Moreover, considering that European corporations will circumvent the sanctions, to create production facilities at the highest efficiency level in Russia, we lose this potential capital stock, which is the basis of our prosperity. Russia wins the capital stock,” at the EU’s expense, even though the sanctions are targeted against Russia.
But the nub is this: “For the future, Germany and the EU place their economic reliability into question with Russia. The relationship of trust is broken by Germany and the EU. In order to build such confidence, it takes several years. Between signature and delivery are up to five years. ... Siemens is now thrown out from a major project for this reason [i.e., because the requisite predictability has been lost]. Alstom has likewise lost the contract for the railway line from Moscow to Beijing. Consequently, the potential for damage is much more massive than the current figures show, not only for Germany, but for the entire EU.”
Then, he says: "More [projects] still in planning include the axis from Peking to Moscow as part of the Shanghai Corporation and the BRIC countries, the largest growth project in modern history, the construction of the infrastructure of Eurasia, from Moscow to Vladivostok, to Southern China and India. How far the EU and Germany's sanctions-policy regarding Russia figures in these developing-countries’ mega-projects will depend upon whether we’ll be seen as hostile in other emerging countries than Russia. [NOTE from Eric Zuesse: Obama speaking 28 May 2014 to graduating West Point cadets: ‘Russia’s aggression toward former Soviet states unnerves capitals in Europe, while China’s economic rise and military reach worries its neighbors. From Brazil to India, rising middle classes compete with us, and governments seek a greater say in global forums.’ His attitude toward developing countries is clear — they are enemies, to be dealt with via the military, not economic partners to advance with us in economic cooperation.] But, obviously, there is a lack that some participants in European politics [and inside the White House!] have in their abilities to think abstractly on our behalf.”
Asked who will be paying the price for this, he says: "The measurable damage is loss of growth, in lost wages, losses in contributions to the social system and in tax revenue. This is true for the past 12 months, and it is valid for the years ahead. The people in Germany and the EU will pay the price through lost prosperity and stability. The unmeasurable damage lies in an elevated geopolitical risk situation for the people in the EU.”
Asked about the situation in Ukraine, Hellmeyer says: "It is indeed irritating. People who are focused not only on Western ‘quality media' are amazed at those media hiding the aggression of Kiev and the discriminatory laws implemented by the Government in Kiev, which constitute a serious challenge to the claim that Western values and democracy are being supported by the West. I believe, to Mr Steinmeier’s credit, that he is in fact talking plainly about these matters behind closed doors. The question is whether the behavior of the Atlantic alliance supports Mr. Steinmeier. I refer in this regard especially to Victoria Nuland. The fact is that by the coup in the Ukraine, an oligarchy friendly towards Moscow was replaced by an oligarchy now oriented toward the United States. It's geopolitics, which benefits third forces, but definitely not Germany, not the EU, not Russia, and not Ukraine.” So, he sees U.S. as having gained at the expense of every other country, but especially at Europe’s expense.
Asked about the future, Folker Hellmeyer says: "For me, the conflict has already been decided. The axis Moscow-Beijing-BRIC wins. The dominance of the West is through. In 1990 those countries accounted for only about 25% of world economic output. Today, they represent 56% of world economic output, and 85% of world population. They control about 70% of the world's foreign exchange reserves. They grow annually by an average of 4% - 5%. Since the United States were not prepared to share power internationally (e.g., by changing the voting-apportionments in the IMF and World Bank), the future rests with those countries themselves, to build in the emerging markets sector on their own financial system. There lies their future. The EU is currently being drawn into the conflict, which the United States caused because she did not share power and want to share. The longer we pursue this [mono-polar, hegemonic, Imperial, supremacist, internationally dictatorial, aggressive] policy in the EU, the higher the price [to Europe will be].”
He goes on to say: "The fact is that the emerging countries emancipate themselves from US control. This is evident in the creation of competitive institutions of the World Bank (AIIB) and the IMF (New Development Bank) by the axis of the emerging countries. This displeases the still prevailing hegemon. The current international hot spots of Afghanistan, Iraq, Syria, Libya, Egypt, to the Ukraine, are an expression of this, in the background, as a clearly identifiable power-confrontation [between the U.S. and every other country]. If we were there intending to establish democracy and freedom, let's look at the success in achieving those goals. [His implication: it’s failure.]"
German Economic News asks: "The contempt with which the US government deals with the Europeans is remarkable, such as the NSA tapping the Chancellor’s phone, and Nuland’s famous 'Fuck the EU’ statement. Have European politicians no self-respect, or are they just too cowardly?"
Hellmeyer responds: “The person who is a true democrat takes seriously his duties as a politician for the public’s well-being, and does not allow his nation's self-determination to be so contemptuously trampled underfoot, such as has followed from that remark. The person who is not a true democrat, has with respect to the above values and canon, severe deficits.”
CLOSE from Zuesse: Why is there not, in Europe, a huge movement to abandon NATO, and to kick out the U.S. military? Whom is the U.S. ‘defending’ Europeans from, after the Warsaw Pact ended in 1991? Why did not Gorbachev demand that NATO disband when the Warsaw Pact did — simultaneous (instead of one-sided) disbanding of the Cold War, so that there would not become the foundation for international fascism to arise to conquer Russia (first, to surround it by an expanding NATO — and ultimately via TPP & TTIP), in the aftermath? Why is there not considerable public debate about these crucial historical, cultural, and economic, matters? Why is there such deceit, which requires these massive questions to be ignored so long by ‘historians’? How is it even possible for the world to move constructively forward, in this environment, of severe censorship, in the media, in academia, and throughout ‘the free world’? Why is there no outrage that the Saudi and other Arabic royals fund islamic jihad (so long as it’s not in their own countries) but America instead demonizes Russia’s leaders, who consistently oppose jihadists and jihadism? Why are America’s rulers allied with the top financiers of jihad? Why is that being kept so secret? Why are these injustices tolerated by the public? Who will change this, and how? When will that desperately needed change even start? Will it start soon enough? Maybe WW III won’t occur, but the damages are already horrible, and they’re getting worse. This can go on until the end; and, if it does, that end will make horrible look like heaven, by comparison. It would be worse than anything ever known — and it could happen in and to our generation.
* * *
Investigative historian Eric Zuesse is the author, most recently, of They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST’S VENTRILOQUISTS: The Event that Created Christianity, and of Feudalism, Fascism, Libertarianism and Economics.
And then, here is former French Prime Minister Francois Fillon who told RT that the "US is drawing Europe into crusade against Russia, against our interests"
The US is drawing European states into a “crusade” against Russia, which goes against Europe’s interests, former French Prime Minister Francois Fillon has said. Speaking to French media, he stressed that Europe now is dependent on Washington.
“Today, Europe is not independent… The US is drawing us [the EU] into a crusade against Russia, which contradicts the interests of Europe,” Fillon told the BFMTV channel.
The ex-French prime minister, who served in Nicolas Sarkozy’s government from 2007 till 2012,lashed out at Washington and its policies.
Washington, Fillon said, pursues “extremely dangerous” policies in the Middle East that the EU and European states have to agree with.
He accused German intelligence of spying on France “not in the interests of Germany but in the interests of the United States.”
Fillon pointed out that Washington is pressuring Germany to concede to Greece and find a compromise.
He noted the “American justice system” often interferes with the work of “European justice systems.”
"Europe is not independent,” the ex-PM said, calling for “a broad debate on how Europe can regain its independence.”
This, however, would not be possible if Europe goes ahead and signs the Transatlantic Trade and Investment Partnership (TTIP), a proposed EU-US treaty, which has drawn much criticism for its secretiveness and lack of accountability.
“I am definitely against signing this agreement [TTIP] in the form in which it is now,” he added.
Credit to Zero Hedge