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Wednesday, June 17, 2015

Hundreds of US Marines to be deployed on British warship amid Russia threat

US Marines
US Marines will be stationed on European ships including HMS Ocean as Russian forces advance
Hundreds of elite troopers will be stationed with British troops on a Royal Navy gunship, as part of a thinly-veiled warning to the Russian president. 
The move is also designed to be a show of strength to nervous NATO allies across Europe, who are worried they might be the next victims of Putin's expansionist ambitions. 
However, embarrassingly for Britain, the Marines may have to turn to other European nations to host their air support because the Royal Navy no longer has an aircraft carrier. 
Their MV22 Osprey vertical take off craft will be tested aboard the helicopter-carrying assault ship HMS Ocean, to see whether the landing deck is strong enough to withstand the force of it taking off. 
In previous tests the ship has proved it can operate the Osprey. 
The Pentagon is being forced to rely on its allies to base Marines in Europe because the intense focus on the Middle East has stretched the resources of even the world's richest military. 
The normal force based in the Mediterranean - the 15th Marine Expeditionary Unit - has been relocated to the US Central Command in Iraq. 
Instead the US Marines will be based on British, Spanish, French and Dutch ships. 
Brigadier General Normal Cooling, deputy commander of Marine Forces Europe and Africa, said: "They all have ships that could potentially carry an alert force with Osprey." 
A Boeing MV22 Osprey aircraft in flightBOEING
The marines will be accompanied by Boeing MV22 Osprey aircraft 
Some will be stationed on the helicopter-carrying HMS Ocean
The move comes after the revelation that US military commanders want to deploy tanks and armoured fighting vehicles in Poland and the Baltic nations to help bolster their defences against Russia.
Putin has already annexed Ukraine's Crimea region, while a fierce war between Russian-backed separatists and government forces is raging in Eastern Ukraine.  
His country has threatened to retaliate by massing troops and arms on its border with Europe if Nato deploys forces in the Baltic states. 
Russian defence ministry official General Yuri Yakubov said such a move would be the "most aggressive step by the Pentagon and Nato since the Cold War" and added: "Russia will have no option but to build up its forces and resources on the Western strategic front." 
In a show of strength NATO is set to hold its largest war games in a decade in September, with more than 25,000 allied troops including the latest contingent of US marines set to take part.  
A total of 150 US and British Marines and up to three Osprey aircraft will be deployed on HMS Ocean.
Credit to Express.co.uk

Unleash The Beast - Anarchy Coming

Joseph Herrin

Brothers and sisters in Christ, the Holy Spirit is testifying that we need to be preparing for days of anarchy. These days are swiftly approaching. The plan of Satan and his servants all along has been to destroy this present world system in fire and death and chaos so that a New World Order might arise out of the ashes of destruction. Signs are being given at this time indicating that the destruction of the old world order is near at hand. As we saw in the previous post in this series, Yahweh has been using the symbolism of a great storm coming, a flood of destruction, and the figures of monsters and beasts, to help us visualize the things we will experience soon.

This past weekend another sign was given. Torrential rains struck the city of Tbilisi in the nation of Georgia which is located in Eastern Europe. Historic flooding occurred and the city’s zoo was inundated. Many of the animals escaped. Because the zoo is located inside the city, many wild beasts were freed to wander the streets and lanes of this modern metropolis of nearly 1.5 million people. Among the animals loosed were elephants, zebras, a hippo, a large crocodile, 7 bears, 6 lions, 6 tigers, a number of jaguars, and a pack of 13 wolves.

Crocodile in the City Streets

Hippo Wandering City Streets of Tbilisi

One of the Escaped Jaguars

Residents of Tbilisi were warned by police to stay indoors until all of the wild animals could be caught, or killed. This event serves as a potent parable of the coming political and economic storms that are coming, which will be accompanied by the unleashing of the beast nature as men and women given over wholly to evil and wickedness walk around in broad daylight in the towns and cities of America and the world in coming days.

One of the more revelatory details of the recent story of American Pharoah winning the Triple Crown of horse racing, was the large financial deal made with Monster Energy, the primary company to sign an endorsement contract with the owner. As previously noted, the logo of Monster Energy is a stylized letter M that resembles both a triple repetition of the Hebrew letter Vav, and the claw marks left by a monster or great beast. The triple Vav is a 666 symbol, and the date of the last race of the Triple Crown was held on 6/6/15 which is a 666 reference. The company slogan is “Unleash the Beast.”

I was riding with my daughter Kristin last week to pick up a riding mower in a truck she borrowed from her place of business. I was relating the details of the Triple Crown and the sponsor of American Pharoah to my daughter as we rode. When we stopped to fuel up on the way home I discovered that one of the company employees who drives the truck had thrown an empty can of Monster Energy Drink into the back. I picked it up and examined the can. On the outside of the can I found the words written that appear in the graphic at the top of this post. I was particularly struck by the mention of “anarchists” being listed as part of the target audience of this beverage.

Anarchy is defined as “a state of disorder due to absence or non-recognition of authority.” Synonyms for the word are: lawlessness, insurrection, disorder, chaos, mayhem, tumult, and turmoil. As I looked around Monster Energy’s website, I came across a page where they list some of the music groups the company sponsors. These groups are predominantly focused on promoting a spirit of anarchy. One of the groups is called ¡MAYDAY!. The character of this group can be discerned by the repeated refrain of their song titled Tear Sh_t Down. (Pardon the expletive, but it too reveals the nature of this group and the vile spirit being promoted by Monster Energy.) This song is featured on the album titled BELIEVERS.

Note that in the cover artwork there is a young man holding a slingshot. He is possibly representing an anarchist trying to fight against the system. In front of him there is a tornado, and at the base of the tornado an explosion. In the smoke filled sky are what appear to be military helicopters. The scene is one of ruin, destruction, and chaos. The album is filled with songs that evoke a similar picture, even encouraging the listener to engage in acts of wanton destruction, looting, and violence. Many of the song lyrics are so obscene and filled with expletives that they cannot be repeated here. I have selected a limited number that reveal what it means to “Unleash the Beast.”

Tear Sh_t Down
We came to tear sh_t down tonight
Do what we want this our life
We came to tear sh_t down tonight
Like it's the last day of our lives
We came to tear sh_t  down tonight
Do what we want this our life
We came to tear sh_t down tonight
Like it's the last day of our lives

In another song by this same group titled Shots Fired, we have the following words.

You sippin triple six I'll see where you’ve been
Illuminated, but I’m not in with them
There’s places that we should just never attend

Focus the lens 'till it makes sense
Kill 'em all quickly and kill 'em all dead
Making 'em run for the hills cause they scared of the things that’s about to begin
Kickin em shins givin' 'em blood
But don’t kill my buzz
I'm doing this all for the crew with the M
And the rest gets no love
That’s nuff

Note the reference to the “triple 6" and “the crew with the M,” an obvious allusion to Monster Energy. “Sippin triple six,” is understood to be a reference to drinking Monster Energy Drinks. Later in the song, the band member known as Wrekonize, who is an avowed atheist, speaks the following words.

I’m a sinner with no one to judge me
A killer with no one to cut me
A menace to innocence from the beginning

On the same album is the song Last One Standing.

Who'll be the last one standing? When it all goes up in flames
Who'll be the last one standing? When the cold ice melts away
Who'll be the last one standing? When the smoke drowns out the day
Who'll be the last one standing? When it all goes up in flames
I'll be the last one standing!

Coming out from the middle of the map with a limited attack
And I fight it till the end before we get it to the idiots, illiterate attack
Diss that, belligerent we're never that!
[Expletive] peace, gimme a gun and get it back...
Spinal chords struck with a bat

This is representative of the type of music acts that Monster Energy is promoting. Like Satan, the theme is to “kill, steal, and destroy.” There is a promotion of anarchy, and there is little wonder that the news brings us increasing reports of rioting and chaos in our towns and cities. From Ferguson to Baltimore, those burning and pillaging are behaving as if they have been imbibing the spirit of Satan. They are acting as if they have been “sippin triple six.”

The above is a promotional advertisement for a song remix contest. Again, there are scenes of destruction in the background. There is an Interstate highway sign fallen over amid a scene of ruin. The image is filled with smoke. The very word Mayday is the international sign of distress. The inverted characters in the group’s name signify confusion, disorder, and distress. All this is promoted, funded, and underwritten by the 666 Monster Energy company whose company slogan of “Unleash the Beast!” is much more than clever advertising. It is indicative of a spirit that is being loosed throughout America and the nations at this time.

Another group sponsored by Monster Energy is The Word Alive. Following are excerpts from a few of their songs.

Dragon Spell
I'm still the king of the world
I'll never falter or squander my dreams
I've still got control over my enemies
They still beg me for mercy
Show no mercy
Show no mercy

I've fought for this kingdom
I'll take hold of what is mine
I'll be the lord of the universe
If you want me, I'm right here

The Hounds Of Anubis
I'm the king of the world, and it's crumbling down.
All around me falls the ruins of my enemies.
You can't control me.
Or can you not see?
You can't control me.
It's time to admit defeat.

Smoke Monster
The storm is coming, run!
It will swallow you whole
And crush your soul.

Tell me what you feel right now.
You can't escape,
It's the end of this town.
Tell me what you feel right now.
You can't escape,
It's the end of this town.

It will swallow you whole,
Run for your life.
It will swallow you whole.

These songs appear on the album titled Life Cycles.

The album cover features a container filled with bullets spilled out onto a work surface. The message is one of violence, selfishness, pride, and defiance. The message is boldly declared that “I will submit to no one.” This is the spirit of rebellion, of anarchy. It could be Satan speaking in the lyrics of the songs from this group. It could also be the words of those who embrace the spirit of Satan, “sippin triple six.” What is being indicated by this company sponsoring American Pharoah in the final race of the Triple Crown is that the spirit of Satan is the one empowering and animating the one who is the American Pharaoh. Satan is the chief sponsor of the American Pharaoh. That which will occur is the unleashing of the beast nature, the casting off of all restraint, until society begins to melt down under the weight of the spirit of anarchy that is driving the wild beasts roaming freely through the streets.

The Bible compares evil men to beasts. In the book The Mark of the Beast, I expounded upon the parable of the six days of creation recorded in the opening chapter of the book of Genesis. On the fifth and sixth days of creation, Yahweh formed the creatures of the sea, the birds of the air, and the beasts that move freely upon the earth. Having done so, He then gave the very first commandment to mankind. He instructed Adam to “subdue the beasts and rule over them.” These words are a parable. If we are to arrive at the seventh day, the Sabbath rest of God, where all is in harmony and agreement with His divine will, we must rule over the beast nature that manifests in our own flesh.

The message given at this year’s Belmont Stakes, the final race of the Triple Crown, is that the beast nature is being unleashed. No longer will it be restrained. The result in our nations will be societal breakdown and anarchy.

I have mentioned previously that I am alert to aberrations, things which are out of the norm. They often contain messages of spiritual significance. There were a number of aberrations related to this year’s running of the Belmont Stakes. My thanks to a brother in Christ (Marc), for pointing out the following.

For the first time, the draw was held in New York City instead of at Belmont Park, and it was magical to watch horse racing’s elite congregate in Midtown at Rockefeller Center.
[Source: http://www.americasbestracing.net/en/the-latest/blogs/2015/6/3/belmont-diaries-draw-day]

Not only was the drawing to see which position each horse would race in moved to Rockefeller Center in Manhattan, the event was located prominently under the large figure of the statue of Prometheus.

In other posts I have shared about the significance of this statue, that Prometheus serves as a type of Satan. Those who understand the mysteries of the Luciferian doctrines know that Satan seeks to portray himself as the friend of man. He has reinterpreted the Genesis account when he tempted Adam and Eve to eat of the fruit of the Tree of the Knowledge of Good and Evil. Lucifer is presented by his disciples as the friend of man, bringing the light of knowledge to the world.

The statue of Prometheus bringing fire down from heaven and giving it to mankind is a re-telling of the story of Lucifer who offered to mankind forbidden knowledge. An Internet website shares the following commentary on this statue found on the Rockefeller property.

This statue depicts Prometheus, a Titan of Greek mythology known for his great intelligence. He has however betrayed the god Zeus by stealing fire and giving it to mankind. He is credited to have taught mankind the arts of civilization such as writing, mathematics, agriculture, medicine, and science. Zeus then punished Prometheus for his crime by having him bound to a rock while a great eagle ate his liver every day only to have it grow back to be eaten again the next day.

Paul Manship’s sculpture featured in the Sunken Plaza of the Rockefeller Center portrays Prometheus holding the fire stolen from Zeus and gliding towards humanity. He lies inside a ring in which are outlined the signs of the Zodiac. Behind the statue is an inscription saying:

“Prometheus, teacher in every art, brought the fire that hath proved to mortals a means to mighty ends.”
[Source: http://vigilantcitizen.com/?p=329]

Substitute the name Lucifer for Prometheus, and you will perceive the true substance of this monument. Lucifer was judged by God, not for a benevolent act on behalf of mankind. Lucifer’s fall actually occurred prior to Adam and Eve’s residency in Eden. Satan is seeking to sell an image of himself as a benevolent friend to mankind. No doubt this is why Yahshua was so blunt in speaking the truth about this angelic rebel and those who imbibe his spirit.

John 8:44
“You are of your father the devil, and you want to do the desires of your father. He was a murderer from the beginning, and does not stand in the truth, because there is no truth in him. Whenever he speaks a lie, he speaks from his own nature; for he is a liar, and the father of lies.”

 John 10:10
"The thief comes only to steal, and kill, and destroy...

By moving the drawing for this race to this location under the watchful eyes of Satan/Prometheus, we are presented the message that Satan was carefully guiding this event. Everything about it was planned and carried out to provide a witness and testimony to what Satan is about to accomplish in the earth. This unprecedented change of venue reveals the importance of the hour we now live in. Many things the world has never witnessed before are about to occur. There will be an unleashing of the beast nature to a degree never before seen.

Mark 13:19-20
“For those days will be a time of tribulation such as has not occurred since the beginning of the creation which God created, until now, and never shall. And unless the Lord had shortened those days, no life would have been saved; but for the sake of the elect whom He chose, He shortened the days.”

We have seen just the tip of what is coming as we daily read about riots in cities across America and Europe. In the manifold testimonies of the atrocities committed by ISIS we are being given a preview of the types of unrestrained evil that will be common in days not far hence. Men will behave like beasts, and Christians will be among their chief targets. This is not new, but the degree to which it will occur will be unprecedented.

I Corinthians 15:30-32
Why are we also in danger every hour? I protest, brethren, by the boasting in you, which I have in Christ Yahshua our Lord, I die daily. If from human motives I fought with wild beasts at Ephesus, what does it profit me?

Did the apostle Paul fight with literal beasts? Or was he speaking of men acting like wild beasts? The book of Acts records that it was with men that Paul struggled in Ephesus. The apostle Peter also describes ungodly men given over to the spirit of Satan as beasts.

II Peter 2:9-13
The Lord knows how to deliver the godly out of temptations and to reserve the unjust under punishment for the day of judgment, and especially those who walk according to the flesh in the lust of uncleanness and despise authority. They are presumptuous, self-willed. They are not afraid to speak evil of dignitaries... But these, like natural brute beasts made to be caught and destroyed, speak evil of the things they do not understand, and will utterly perish in their own corruption, and will receive the wages of unrighteousness, as those who count it pleasure to carouse in the daytime.

Looting and Rioting in Baltimore

Even as the outcome of the race for the Triple Crown was predetermined, so too have Satan and his human servants planned the anarchy that is to be unleashed upon the earth. The American Pharaoh is a chief servant of Satan, and will do much to precipitate that which is coming. Barack Obama has already been caught fomenting chaos, death, and destruction. His chosen head of the Justice Department, Eric Holder, was revealed to have been complicit in providing guns to violent drug gangs in Mexico in what has become known as the “Fast and Furious,” gun running scandal. It is the CIA and American government who have also created ISIS.


The plan of Satan is to destroy the world through the promotion of violence and destruction, an unleashing of the beast nature in all its fury. The present world order will appear helpless to stop the assaults, the chaos, and the destruction of infrastructure, inducing the people of the nations to cry out for a New World Order, a global power that will restore peace and prosperity to the earth. The methodology of the wicked is the creation of crisis to prepare people for a predetermined solution.

"President Obama is coming into office at a moment when there is upheaval in many parts of the world simultaneously. "You have India, Pakistan; you have the Jihadist movement. So he can't really say there is one problem, that it's the most important one. But he can give new impetus to American foreign policy partly because the reception of him is so extraordinary around the world. His task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It's a great opportunity, it isn't just a crisis."
[Henry Kissinger at the New York Stock Exchange, January 2009]

Anarchy among the nations is not just a crisis. “It’s a great opportunity.” It is declared by one of the greatest globalists that President Obama can at this period of time create a New World Order. The use of crisis to bring about a New World Order is a widely declared fact by the architects of the NWO themselves.

"We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order."
[David Rockefeller]

In order to prepare the nations for a New World Order the American Pharaoh will unleash the beast.  Law enforcement agencies will be hobbled, prevented from doing their jobs. We are seeing this as the Immigration and Border Control agents are being commanded to no longer hinder illegal aliens from entering the nation. They are being instructed to release known criminals, many of the most violent men, into American society.


An interesting revelation came forth from the riots in Baltimore. Mayor of the city, Stephanie Rawlings-Blake, in a televised interview during the riots, stated that she had instructed the city police department to give those who wanted to destroy, the space to destroy.


This is part of an agenda. It is to make the current system of local law enforcement appear impotent in the face of chaos. It is to instill in people’s minds that the present system is incapable of protecting the lives, property, and rights of the citizens of the nation. This will prepare the minds of the people to accept the idea that only a militarized Federal police force can protect them. The plan is to induce the citizens to cry out for the very thing the global elite desire. The people will be primed to accept a totalitarian police state. Stephanie Rawlings-Blake has publicly stated that she believes the Federal government needs to be more involved in local law enforcement.

People of God, anarchy is coming. We are going to see men like beasts freely prowling the streets of our towns and cities. There will be a breakdown of society with murder, looting, rape, and destruction of property, until the people are themselves convinced that the old system no longer works. Until they are ready to accept the changes that Satan and his servants have planned. The government themselves will arm the anarchists. They will fuel the fires of destruction. They will do all they can to unleash the beast.

What will be your response when your city is on fire? Do you have the faith to trust in God in that hour? Are you able to hear His voice? Are you practiced at being guided by the Holy Spirit in all you do? Have you made what preparations God would have you make for that hour which is coming on the earth? This is a heavy message, but a true one. It is better to receive a true message of ill news and prepare, than to hear a false message of peace and prosperity and perish.

I encourage those readers who have made it this far to listen to the excellent message below by Carter Conlon, the pastor of Times Square Church where David Wilkerson formerly preached. This is a message posted this week. It is a message for this hour. Listen and be instructed by the Spirit.

(Note: Brother Conlon believes in a rapture event that will catch the church up before the tribulation. I believe this is error. Nevertheless, he is a godly man, and is giving a warning to the church at the time of suffering coming soon that will impact the body of Christ. He does believe it to be the will of God for the body of Christ to experience suffering.)


[Thanks to Andrew and Yolinda for the notification of the zoo animals being unleashed in Tbilisi. Thanks to Jim for the link to the Carter Conlon message.]

To be continued...

Credit to Joseph Herrin

Jade Helm Is Turning Into Martial Law Right Before Our Eyes

martial law signs
The following is a very telling interview with James Perloff in which he convincingly connects the dots on how Jade Helm is leading to martial law.  This is a must listen interview.
 Credit to Common Sense 

Russian military shows off booming firepower at Army-2015 expo

Gold and Silver are the Cheapest Assets on the Planet

Knife Regulation Arrives: This Is The US Government, Hard At Work

When it comes to the contents of the TPP, the most important law of Obama's second term, merely leaking its contents to the press can have result in imprisonment or treason charges, which, considering recent revelations that a substantial portion of the bill was drafted by and for the express benefit of pharmaceutical companies, was to be expected:  when the US population learns that their elected legislators not only don't read the laws they "pass", but are merely bribed figureheads that don't even write them, the resultant collapse of the "democratic" process would be unpleasant. 
And yet, other laws such as S.1315, are perfectly transparent and open. So, with nobody in Congress drafting the TPP (and apparently not even able to pass it, despite corporate backers' demands), here is a vivid example of the US government, hard at work.
S. 1315 would allow people to possess knives in states where they are illegal if the person is travelling to and from states where the knife is legal, if the knife is secured, or if the knife is a safety blade designed for cutting seatbelts. Based on information provided by the Department of Justice and the Federal Trade Commission, CBO estimates that implementing S. 1315 would have no effect on the federal budget. Because enacting S. 1315 would not affect direct spending or revenues, pay-as-you-go procedures do not apply. 

S. 1315 would impose an intergovernmental mandate as defined in the Unfunded Mandates Reform Act (UMRA) by preempting some state and local laws related to possessing and transporting knives. Laws regulating knives vary from state to state. The costs for state and local governments to comply with that mandate would include the cost to change protocols and train law enforcement officers. CBO estimates the total costs for state and local governments would be small and would not exceed the threshold established in UMRA ($77 million in 2015, adjusted annually for inflation).
Yes, it would cost US taxpayers $77 million to "protect" knife owners, and yes if you own a knife, you too may be considered a threat.
Credit to Zero Hedge

The Next Great European Financial Crisis Has Begun

European Financial CrisisThe Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow.  Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance that a debt deal is going to happen by the end of June.  So that means that we will likely see a major Greek debt default and potentially even a Greek exit from the eurozone.  At this point, credit default swaps on Greek debt have risen 456 percent in price since the beginning of this year, and the market has priced in a 75 percent chance that a Greek debt default will happen.  Over the past month, the yield on two year Greek bonds has skyrocketed from 20 percent to more than 30 percent, and the Greek stock market has fallen by a total of 13 percent during the last three trading days alone.  This is what a financial collapse looks like, and if Greece does leave the euro, we are going to see this kind of carnage happen all over Europe.
Officials over in Europe are now openly speaking of the need to prepare for a “state of emergency” now that negotiations have totally collapsed.  At one time, it would have been unthinkable for Greece to leave the euro, but now it appears  that this is precisely what will happen unless a miracle happens…
Greece is heading for a state of emergency and an exit from the euro following the collapse of talks to agree a bailout deal, senior EU officials warned last night.
Europe must be prepared to step in otherwise Greek society would face an unprecedented crisis with power blackouts, medicine shortages and no money to pay for police, they said.
In the past, the Greeks have always buckled under pressure.  But this new Greek government was elected with a mandate to end austerity, and so far they have shown a remarkable amount of resolve.  In order for a debt deal to happen, one side is going to have to blink, and at this point it does not look like it will be the Greeks
The world’s financial markets are facing up to the possibility that Greece could soon become the first country to crash out of Europe’s single currency. Talks between Athens and its eurozone creditors have collapsed in acrimony just days before a final deadline for Greece to unlock the €7.2bn (£5.2bn) in bailout funds it needs to avoid a catastrophic debt default.
The Greek Prime Minister, Alexis Tsipras, accused the creditor powers of hidden “political motives” in their demands that Greece make further cuts to public pension payments in return for the financial aid. “We are shouldering the dignity of our people, as well as the hopes of the people of Europe,” Mr Tsipras said in a defiant statement. “We cannot ignore this responsibility. This is not a matter of ideological stubbornness. This is about democracy.”
As we approach the point of no return, both sides are preparing for the endgame.
In Greece, members of parliament have been studying what happened in Iceland a few years ago.  Many of them believe that a Greek debt default combined with a nationalization of Greek banks and a Greek exit from the euro could set the nation back on the path to prosperity fairly rapidly.  The following comes from the Telegraph
The radical wing of Greece’s Syriza party is to table plans over coming days for an Icelandic-style default and a nationalisation of the Greek banking system, deeming it pointless to continue talks with Europe’s creditor powers.
Syriza sources say measures being drafted include capital controls and the establishment of a sovereign central bank able to stand behind a new financial system. While some form of dual currency might be possible in theory, such a structure would be incompatible with euro membership and would imply a rapid return to the drachma.
The confidential plans were circulating over the weekend and have the backing of 30 MPs from the Aristeri Platforma or ‘Left Platform’, as well as other hard-line groupings in Syriza’s spectrum. It is understood that the nationalist ANEL party in the ruling coalition is also willing to force a rupture with creditors, if need be.
Meanwhile, in a desperate attempt to get the Greeks to give in at the last moment, Greek’s creditors are preparing to pull out all the stops in order to put as much financial pressure on Greece as possible
Germany’s Suddeutsche Zeitung reported that the creditors are drawing an ultimatum to the Greeks, threatening to cut off Greek access to the European payments system and forcing capital controls on the country as soon as this weekend. The plan would lead to the temporary closure of the banks, followed by a rationing of cash withdrawals.
For a long time, most in the financial world assumed that a debt deal would eventually happen.  But now reality is setting in.  As I mentioned at the top of this article, the cost to insure Greek debt has risen by an astounding 456 percent since the beginning of this year
Given these dramatic stakes, the risk of a Greek default has gone way up. One way to measure that risk is by looking at the skyrocketing price of insurance policies that would pay out if Greek bonds go bust. The cost to insure Greek debt for one year against the risk of default has skyrocketed 456% since the start of the 2015, according to FactSet data.
These insurance-like contracts, known as credit default swaps, imply there is a 75% to 80% probability of Greece defaulting on its debt, according to Jigar Patel, a credit strategist at Barclays.
The probability of a Greek default soars to a whopping 95% for five-year CDS, Patel said.
“Default is looking more and more likely,” Peter Boockvar, chief market analyst at The Lindsey Group, wrote in a note to clients on Tuesday.
And in recent days, we have also seen Greek stocks and Greek bonds totally crash.  The following comes from CNN
The Greek stock market has plummeted 13% over the past three trading days, including a 3% drop on Tuesday alone.
In the bond market, the yield on Greek two-year debt has skyrocketed to 30.2%. A month ago, the yield was only 20%. Yields rise as bond prices fall.
Of course if there is a Greek debt default and Greece does leave the euro, it won’t just be Greece that pays the price.
As I have written about previously, there are tens of trillions of dollars in derivatives that are directly tied to currency exchange rates and 505 trillion dollars in derivatives that are directly tied to interest rates.  A “Grexit” would cause the euro to drop like a rock and interest rates all over the continent would start to go crazy.  The financial chaos that a “Grexit” would cause should not be underestimated.
And there are signs that some of Europe’s biggest banks are already on the verge of collapse.  For example, just consider what has been going on at the biggest bank in Germany.  Both of the co-CEOs at Deutsche Bank recently resigned, and it is increasingly looking as if it could soon become Europe’s version of Lehman Brothers.  The following summary of the recent troubles at Deutsche Bank comes from an article that was posted on NotQuant
Here’s a re-cap of what’s happened at Deutsche Bank over the past 15 months:
  • In April of 2014,  Deutsche Bank was forced to raise an additional 1.5 Billion of Tier 1 capital to support it’s capital structure.  Why?
  • 1 month later in May of 2014, the scramble for liquidity continued as DB announced the selling of 8 billion euros worth of stock – at up to a 30% discount.   Why again?  It was a move which raised eyebrows across the financial media.  The calm outward image of Deutsche Bank did not seem to reflect their rushed efforts to raise liquidity.  Something was decidedly rotten behind the curtain.
  • Fast forwarding to March of this year:   Deutsche Bank fails the banking industry’s “stress tests” and is given a stern warning to shore up it’s capital structure.
  • In April,  Deutsche Bank confirms it’s agreement to a joint settlement with the US and UK regarding the manipulation of LIBOR.   The bank is saddled with a massive $2.1 billion payment to the DOJ.  (Still, a small fraction of their winnings from the crime). 
  • In May,  one of Deutsche Bank’s CEOs, Anshu Jain is given an enormous amount of new authority by the board of directors.  We guess that this is a “crisis move”.  In times of crisis the power of the executive is often increased.
  • June 5:  Greece misses it’s payment to the IMF.   The risk of default across all of it’s debt is now considered acute.   This has massive implications for Deutsche Bank.
  • June 6/7:  (A Saturday/Sunday, and immediately following Greece’s missed payment to the IMF) Deutsche Bank’s two CEO’s announce their surprise departure from the company.  (Just one month after Jain is given his new expanded powers).   Anshu Jain will step down first at the end of June.  J├╝rgen Fitschen will step down next May.
  • June 9: S&P lowers the rating of Deutsche Bank to BBB+  Just three notches above “junk”.  (Incidentally,  BBB+ is even lower than Lehman’s downgrade – which preceded it’s collapse by just 3 months)
And that’s where we are now.  How bad is it?  We don’t know because we won’t be permitted to know.  But these are not the moves of a healthy company.
For a very long time, I have been warning that a major financial crisis was coming to Europe, and for a very long time the authorities in Europe have been able to successfully kick the can down the road.
But now it looks like we have reached the end of the road, and a day of reckoning is finally here.
Nobody is quite sure what is going to happen next, but almost everyone agrees that it isn’t going to be pretty.
So you better buckle up, because it looks like we are all in for a wild ride as we enter the second half of this year.

Credit to Economic Collapse

North Korea claims it fired anti-ship missile that can hit targets 120km away

Image result for North Korea claims it fired anti-ship missile that can hit targets 120km away

NORTH KOREA’s desire to play with the big boys seems to be edging closer to reality after fresh claims it has acquired new weaponry.

The country’s leader Kim Jong-un announced today his navy fired its first anti-ship missile that is capable of destroying a target 120km away, hailing it as “another fresh milestone” in North Korea’s bid to bolster its naval force.

According to the state-run KCNA news agency, the bizarre leader watched the tests before delivering his verdict.

He “noted with great pleasure that it marked another fresh milestone in bolstering up the Juche (self-reliance)-based naval force”, it said.

“Ultra-modern strike means of Korean style have been studied and developed one after another recently to completely contain the hostile forces,” Kim was quoted as saying.

South Korea’s defence ministry said the North had tested three short-range missiles with a range of nearly 100km on Sunday off its east coast.

“North Korea appears to be developing new missiles that would replace its old Soviet-designed anti-ship missiles,” ministry spokesman Kim Min-Seok told reporters.

The test was the latest since Pyongyang claimed on May 9 it had successfully test-fired an SLBM, a technology that could eventually offer the nuclear-armed state a survivable second-strike capability.

A fully developed SLBM capability would take the North Korean nuclear threat to a new level, allowing deployment far beyond the Korean peninsula.

But some experts have questioned the authenticity of the May test, saying photos of the launch might have been digitally manipulated.

A South Korean soldier walks along barricades on the road leading to North Korea at a military checkpoint in the border city of Paju. Picture: Jung Yeon-Je Source: AFP

Today’s revelation comes after a North Korean soldier defected to the South, a rarity according to South Korean officials.

The soldier, who is in his late teens, surrendered himself to South Korean border guards after walking across the frontier in Hwacheon, northeast of Seoul, the South’s defence ministry said.

“We’ve confirmed his will to defect after he reached our guard post,” a ministry spokesman said.

Credit to news.com.au

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