Tuesday, June 30, 2015
As we enter the second half of 2015, financial panic has gripped most of the globe. Stock prices are crashing in China, in Europe and in the United States. Greece is on the verge of a historic default, and now Puerto Rico and Ukraine are both threatening to default on their debts if they do not receive concessions from their creditors. Not since the financial crisis of 2008 has so much financial chaos been unleashed all at once. Could it be possible that the great financial crisis of 2015 has begun? The following are 16 facts about the tremendous financial devastation that is happening all over the world right now…
1. On Monday, the Dow fell by 350 points. That was the biggest one day decline that we have seen in two years.
2. In Europe, stocks got absolutely smashed. Germany’s DAX index dropped 3.6 percent, and France’s CAC 40 was down 3.7 percent.
3. After Greece, Italy is considered to be the most financially troubled nation in the eurozone, and on Monday Italian stocks were down more than 5 percent.
4. Greek stocks were down an astounding 18 percent on Monday.
5. As the week began, we witnessed the largest one day increase in European bond spreads that we have seen in seven years.
6. Chinese stocks have already met the official definition of being in a “bear market” – the Shanghai Composite is already down more than 20 percent from the high earlier this year.
7. Overall, this Chinese stock market crash is the worst that we have witnessed in 19 years.
8. On Monday, Standard & Poor’s slashed Greece’s credit rating once again and publicly stated that it believes that Greece now has a 50 percent chance of leaving the euro.
9. On Tuesday, Greece is scheduled to make a 1.6 billion euro loan repayment. One Greek official has already stated that this is not going to happen.
10. Greek banks have been totally shut down, and a daily cash withdrawal limit of 60 euros has been established. Nobody knows when this limit will be lifted.
11. Yields on 10 year Greek government bonds have shot past 15 percent.
12. U.S. investors are far more exposed to Greece than most people realize. The New York Times explains…
But the question of what happens when the markets do open is particularly acute for the hedge fund investors — including luminaries like David Einhorn and John Paulson — who have collectively poured more than 10 billion euros, or $11 billion, into Greek government bonds, bank stocks and a slew of other investments.Through the weekend, Nicholas L. Papapolitis, a corporate lawyer here, was working round the clock comforting and cajoling his frantic hedge fund clients.“People are freaking out,” said Mr. Papapolitis, 32, his eyes red and his voice hoarse. “They have made some really big bets on Greece.”
13. The Governor of Puerto Rico has announced that the debts that the small island has accumulated are “not payable“.
14. Overall, the government of Puerto Rico owes approximately 72 billion dollars to the rest of the world. Without debt restructuring, it is inevitable that Puerto Rico will default. In fact, CNN says that it could happen by the end of this summer.
15. Ukraine has just announced that it may “suspend debt payments” if their creditors do not agree to take a 40 percent “haircut”.
16. This week the Bank for International Settlements has just come out with a new report that says that central banks around the world are “defenseless” to stop the next major global financial crisis.
Without a doubt, we are overdue for another major financial crisis. All over the planet, stocks are massively overvalued, and financial markets have become completely disconnected from economic reality. And when the next crash happens, many believe that it will be even worse than what we experienced back in 2008. For example, just consider the words of Jim Rogers…
“In the United States, we have had economic slowdowns every four to seven years since the beginning of the Republic. It’s now been six or seven years since our last stock market problem. We’re overdue for another problem.”In Rogers’ view, low interest rates caused stock prices to increase significantly. He believes many assets are priced beyond their fundamentals thanks to the ultra-easy monetary policies by the Federal Reserve. Fed supporters argue such measures are good for investors, but Rogers takes a different view.“The Fed might tell us we don’t have to worry and that a correction or crash will never happen again. That’s balderdash! When this artificial sea of liquidity ends, we’re going to pay a terrible price. When the next economic problem occurs, it will be much worse because the debt is so much higher.”
Of course Rogers is far from alone. A recent article by Paul B. Farrell expressed similar sentiments…
America’s 95 million investors are at huge risk. Remember the $10 trillion losses in the crash and recession of 2007-2009? The $8 trillion lost after the dot-com technology crash and recession of 2000-2003? This is the third big recession of the century. Yes, America will lose trillions again.Especially with dead-ahead predictions like Mark Cook’s 4,000-point Dow correction. And Jeremy Grantham’s warning of a 50% crash around election time, with negative stock returns through the first term of the next president, beyond 2020. Starting soon.Why is America so vulnerable when the next recession hits? Simple: The Fed’s cheap-money giveaway is killing America. When the downturn, correction, crash hits, it will compare to the 2008 crash. The Economist warns: “the world will be in a rotten position to do much about it. Rarely have so many large economies been so ill-equipped to manage a recession,” whatever the trigger.
Things have been relatively quiet in the financial world for so long that many have been sucked into a false sense of security.
But the underlying imbalances were always there, and they have been getting worse over time.
I believe that we are heading into a global financial collapse that will make what happened in 2008 look like a Sunday picnic by the time it is all said and done.
Global debt levels are at all-time highs, big banks all over the planet have been behaving more recklessly than ever, and financial markets are absolutely primed for a huge crash.
Hopefully things will calm down a bit as the rest of this week unfolds, but I wouldn’t count on it.
We have entered uncharted territory, and what comes next is going to shock the world.
Credit to Economic Collapse
By Joseph Herrin
Supreme Court Anarchy
Isaiah 5:20, 24
Woe to those who call evil good, and good evil; Who substitute darkness for light and light for darkness; Who substitute bitter for sweet, and sweet for bitter!... Therefore, as a flame of fire consumes stubble, and dry grass collapses into the flame, so their root will become like rot and their blossom blow away as dust; For they have rejected the law of Yahweh of hosts, and despised the word of the Holy One of Israel.
Anarchy: a state of disorder due to absence or non-recognition of authority. Absolute freedom of the individual, regarded as a political ideal.
On Friday June 26, 2015, the United States Supreme Court issued a ruling making homosexual marriage legal in all 50 states. Many Christians are expressing the conviction that a line has been crossed which will open the floodgates to unrestrained immorality, lawlessness, and debauchery. Many are also concerned that this ruling, being an act of defiance before God, will call forth the Creator’s swift and terrible judgment. I concur with these sentiments.
The main focus of this post will be upon a consequence of this ruling that is unlikely to be addressed by very many others. The intent of this writing is to draw your attention to consider how this ruling fits into recent signs and events which point to an unleashing of the beast nature and the rise of anarchy in the streets of America. Despite the flowery words and paeans of praise that have been spoken extolling the ways this ruling will benefit society and make America “a more perfect union,” what the U.S. Supreme Court actually accomplished in this act of judicial malfeasance was to legislate anarchy. They are inviting chaos into the cities and towns of America. The seeds were sown long ago for America’s moral collapse, but this single act has greatly accelerated the process. The awful fruit of this deed will not delay as the nation descends to the depths manifested by other debauched societies such as Sodom and Gomorrah, Gibeah of Benjamin, and Herculaneum and Pompeii of the Romans.
On May 6, 1991, David Wilkerson, a prophetic voice proclaiming the words of Yahweh to America, posted a writing titled The Ominous Rise of Homosexual Power. In that prophetic utterance this man of God sounded the following warning.
I want to tell you about a certain society - one that cast God aside and consequently sunk into a pit of gross darkness. Despising the Light, this society became a magnet for every kind of evil spirit. Law and order collapsed; every man was a law unto himself. The entire society was abandoned to the devil, and no moral force remained to hinder its headlong rush into hell.
There was no honor, decency or self-respect left among them, no reverence for life whatsoever. Justice and kindness faded away, and the people were overcome with lust and licentiousness. They sneered at virtue, their consciences seared and callused. They scoffed at the fear of God and mocked righteousness.
They became totally inhospitable, possessing the heart and indifference of a beast. They had no pity for the poor. All spiritual desire was extinguished, and gross materialism and fleshly lusts became their gods. The people became totally shockproof, so that the vilest, bloodiest crimes were accepted as normal behavior.
I am actually describing two societies here: Sodom and America. We know of Sodom's terrible end - and Scripture shows us that America is fast becoming another Sodom!
Homosexual Sodomites came out of their closet and became activists, casting a demonic spell over a whole generation of men and boys. They grew politically powerful, controlling everything. Sodom became the world's gay capital, a society so vile, wicked and crazed with violence that its sins thundered throughout the heavens, filling God's holy environment with a hellish cry.
God dispatched two angels to Sodom, and it seemed even they were shocked by the utter degradation and wickedness they saw. The society mocked marriage and left children abandoned, scared and confused. (How could any society ruled by a homosexual spirit not witness the destruction of decent family life?)
No visiting male was safe in Sodom. Roving gangs of homosexuals freely cruised the streets and alleys, looking for rape victims. And no one dared stop them - no politician, no police officer, no uprising of enraged parents...
The roving gay crowd of Sodom heard that two handsome men were visiting Lot's house. Within hours, they had surrounded the place, trying to knock down the doors to gang-rape the visiting angels... Nobody raised a voice against what was happening. It had become a society full of lust-driven men!
The angels struck these men blind - yet in their blindness, they still groped for the door to pursue their raging lusts (Genesis 19:11). If angels can weep, those two most certainly wept over the sad sight of these men, made in God's image, who had sunk to the level of groveling beasts. These depraved men were ready to kill to satiate their demonic lust...
Scripture says these homosexuals were not an isolated minority, but the majority (Genesis 19:1, 14). Did God overlook their sins? Did He put off their day of reckoning? How long did God wait, once this raging homosexual spirit became so bold and brazen it would trample what was holy?
The Flash Point for the Judgment of God Comes the Very Hour a Homosexual Spirit Rises Up and Attacks What is Divine and Holy.
Friday, the highest officials in America, attacked that which is both divine and holy. It was Yahweh who established marriage to be the holy union between a man and a woman.
Then Yahweh God said, “It is not good for the man to be alone; I will make him a helper suitable for him...” So Yahweh God caused a deep sleep to fall upon the man, and he slept; then He took one of his ribs, and closed up the flesh at that place. And Yahweh God fashioned into a woman the rib which He had taken from the man, and brought her to the man. And the man said, “This is now bone of my bones, and flesh of my flesh; She shall be called Woman, because she was taken out of Man.” For this cause a man shall leave his father and his mother, and shall cleave to his wife; and they shall become one flesh.
Yahweh created human beings to be sexual creatures. He made them male and female. From the beginning, Yahweh created all living creatures male and female that they might fulfill the commandment to “be fruitful and multiply.” It is a physical impossibility for two males, or two females, to enter into sexual union and bear offspring. Such an idea defies both nature and the God of creation. The marriage union between a man and a woman was not only divinely appointed, it was clothed in the pure array of holiness.
Let marriage be held in honor among all, and let the marriage bed be undefiled...
Twenty-three years ago Yahweh spoke through his prophet declaring, “The Flash Point for the Judgment of God Comes the Very Hour a Homosexual Spirit Rises Up and Attacks What is Divine and Holy.” David Wilkerson likely did not foresee how these words which he spoke would be fulfilled. I do not believe he foresaw that two decades later the Supreme Court of the United States, and the President sitting in the Rainbow Pride House, would one day be announcing to the nation that holy matrimony has been cast into the sewer, trampled by the beastly passion of wicked men and women, and that homosexual relationships would be accorded the same honor as the divinely sanctioned union of a man and a woman.
The Supreme Court justices ruled that what God calls evil is now good. The marriage of a man and a woman is the most basic element of human society. The union of a man and woman into “one flesh” is established by the commandment of Yahweh. Yahweh not only told mankind what was acceptable in the realm of sexual behavior, He also proscribed that which was forbidden. It was good that a man and woman should be married. It was forbidden for men to have sexual relations with other men, and for women to engage in sexual acts with other women.
“You shall not lie with a male as one lies with a female; it is an abomination... Do not defile yourselves by any of these things; for by all these the nations which I am casting out before you have become defiled. For the land has become defiled, therefore I have visited its punishment upon it, so the land has spewed out its inhabitants.”
Brothers and sisters, although these words of God were spoken to Abraham’s descendants, they applied equally to all mankind. The nations of the land of Canaan whom Yahweh judged were not descendants of Abraham. Nevertheless, they were judged for committing abominations. In the language of the Bible, we are told that the land “vomited them out.” The moral perversions of the people defiled the entire land resulting in the land’s sickness. Even as the human body will seek to purge itself of that which is making it sick, so too did the land purge itself of those who were defiling it.
“But as for you, you are to keep My statutes and My judgments, and shall not do any of these abominations, neither the native, nor the alien who sojourns among you (for the men of the land who have been before you have done all these abominations, and the land has become defiled); so that the land may not spew you out, should you defile it, as it has spewed out the nation which has been before you. For whoever does any of these abominations, those persons who do so shall be cut off from among their people.”
David Wilkerson described what he saw coming to America. He described a nation in which “law and order collapsed.” Speaking of Sodom/America, he described a land in which “The entire society was abandoned to the devil, and no moral force remained to hinder its headlong rush into hell.” Brothers and sisters, signs have recently been given of America of the beast nature being unleashed in America. A Monster Energy will empower the people to commit abominations. The horse named American Pharoah was unsurpassed in its swiftness. It symbolizes America’s rapid decline into moral degeneracy. During the Belmont Stakes, the last race of the Triple Crown, the horse received an unusual, yet highly symbolic sponsorship, as Monster Energy signed a major endorsement contract with the owner. Monster Energy’s logo is a 666 symbol, and their company slogan is “Unleash the Beast!”
By striking down every state law forbidding or restricting homosexual marriage, the U.S. Supreme Court has “Unleashed the Beast!” They have removed that which restrained the most wicked and perverted passions of mankind. The floodgates have been thrown wide open. Now the beast nature will be loosed to roam freely through the towns and cities of America.
Mankind is informed by their conscience that male/male and female/female sexual relations are morally wrong and a deviation from the natural order of creation. Those who engage in homosexual behavior are consequently beset with thoughts of guilt and depression. One antidote against this emotional darkness and mental torment is to embrace an attitude of moral defiance, searing one’s conscience so that the nagging thoughts of moral transgression are silenced. This is the path that an ever increasing number of individuals are choosing. By embracing sexual anarchy, the individual also adopts the much wider realm of moral anarchy, for ultimately their rebellion and rejection of moral righteousness is aimed at God. The apostle Paul in his letter to the saints in Rome reveals that an entire raft of sinful behavior attaches itself to the sexual anarchy of homosexuality.
Therefore God also gave them up in the lusts of their hearts to uncleanness, that their bodies should be dishonored among themselves, who exchanged the truth of God for a lie, and worshiped and served the creature rather than the Creator, who is blessed forever. Amen. For this reason, God gave them up to vile passions. For their women changed the natural function into that which is against nature. Likewise also the men, leaving the natural function of the woman, burned in their lust toward one another, men doing what is inappropriate with men, and receiving in themselves the due penalty of their error. Even as they refused to acknowledge God any longer, God gave them up to a reprobate mind, to do those things which are not fitting; being filled with all unrighteousness, sexual immorality, wickedness, covetousness, maliciousness; full of envy, murder, strife, deceit, evil habits, secret slanderers, backbiters, hateful to God, insolent, haughty, boastful, inventors of evil things, disobedient to parents, without understanding, covenant breakers, without natural affection, unforgiving, unmerciful; who, knowing the ordinance of God, that those who practice such things are worthy of death, not only do the same, but also approve of those who practice them.
The President and Supreme Court judges know the ordinances of God. They know that those who practice homosexuality stand condemned before the Creator. Yet they have given their approval to practices God has condemned.
Brothers and sisters, this passage of Scripture describes behaviors which have been increasing in American society for more than a generation. By removing this last restraint, these godless behaviors will now explode. When a nation’s leaders praise wickedness, the people become wicked. Not only did President Obama make a nationally televised speech declaring the virtues of the Supreme Court ruling, the White House was also illuminated in the rainbow colors of the Gay Pride movement in celebration of this triumphant advance of the homosexual agenda. The President and Supreme Court judges spoke words of deceit. They manifested the cunning and subtlety of Satan as they proclaimed the virtues of abominations.
THE PRESIDENT: Good morning. Our nation was founded on a bedrock principle that we are all created equal. The project of each generation is to bridge the meaning of those founding words with the realities of changing times -- a never-ending quest to ensure those words ring true for every single American.
Progress on this journey often comes in small increments, sometimes two steps forward, one step back, propelled by the persistent effort of dedicated citizens. And then sometimes, there are days like this when that slow, steady effort is rewarded with justice that arrives like a thunderbolt.
This morning, the Supreme Court recognized that the Constitution guarantees marriage equality. In doing so, they’ve reaffirmed that all Americans are entitled to the equal protection of the law. That all people should be treated equally, regardless of who they are or who they love.
This decision will end the patchwork system we currently have. It will end the uncertainty hundreds of thousands of same-sex couples face from not knowing whether their marriage, legitimate in the eyes of one state, will remain if they decide to move [to] or even visit another. This ruling will strengthen all of our communities by offering to all loving same-sex couples the dignity of marriage across this great land.
In my second inaugural address, I said that if we are truly created equal, then surely the love we commit to one another must be equal as well. It is gratifying to see that principle enshrined into law by this decision.
This ruling is a victory for Jim Obergefell and the other plaintiffs in the case. It’s a victory for gay and lesbian couples who have fought so long for their basic civil rights. It’s a victory for their children, whose families will now be recognized as equal to any other. It’s a victory for the allies and friends and supporters who spent years, even decades, working and praying for change to come.
And this ruling is a victory for America. This decision affirms what millions of Americans already believe in their hearts: When all Americans are treated as equal we are all more free.
This comment that “justice” arrived “like a thunderbolt,” is better understood by once again considering the words of David Wilkerson. “Sodom became the world's gay capital, a society so vile, wicked and crazed with violence that its sins thundered throughout the heavens, filling God's holy environment with a hellish cry.” What happens when a nation’s sin thunders throughout the heavens? It calls forth Yahweh’s attention. He will visit that nation, examine its fruit, and render judgment.
Yahweh said, "Because the cry of Sodom and Gomorrah (America) is great, and because their sin is very grievous, I will go down now, and see whether their deeds are as bad as the reports which have come to me. If not, I will know."
What will God find when He comes down to visit America? The recent Supreme Court decision appears to have been timed to coincide with some of the largest homosexual events in the nation. The weekend following the ruling, many of America’s largest cities held their annual Gay Pride Parades. People turned out in record numbers to watch men cavort with other men in all manner of vile and profane costumes. Public nudity and obscene behavior were rampant as homosexuals paraded themselves through city streets as millions of gawkers watched with amusement and approval. The parades contained an added air of celebration due to the recent Supreme Court ruling and the approving comments of America’s President.
In city after city, the Gay Pride celebrations featured public marriage ceremonies for homosexuals, such as the one pictured above.
Homosexual men and women paraded around indecently, defiant in their public debauchery. The man in the image above holds cards in his hand which read “Make Love with a BOY.” Pedophilia is rampant among homosexuals as young boys have their lives destroyed by predatory adult men, and as young girls are preyed upon by adult women.
Nothing is too sacrilegious for those who cast off God’s authority. There are mockers who would even parade a Gay-friendly Jesus and hold up placards reading “Would Jesus Discriminate?” These images are taken from New York City, San Francisco, and Chicago. The vast majority of what was paraded down these city streets is too obscene to post. Attendant with these homosexual parades were Sodomite themed events, including sex shows and orgies. The nations are seeking to cast off all moral restraint. They either re-create God in an image that smiles upon their depravity, or they revile Yahweh and His Son openly. In either case, they are rejecting the knowledge of God.
Why do the nations rage, and the peoples plot a vain thing? The kings of the earth take a stand, and the rulers take counsel together, against Yahweh, and against his anointed, saying, “Let's break their bonds apart, and cast away their cords from us.” He who sits in the heavens will laugh. The Lord will have them in derision. Then he will speak to them in his anger, and terrify them in his wrath.
These words from the Psalms describe precisely what 5 Supreme Court justices and the President of the United States did Friday of last week. They conspired together to cast away the cords of righteousness that God had placed upon mankind. Yahweh will give a nation over to the wickedness it demands. They will destroy themselves with defilement, and they will call forth the judgment of the Creator whom they openly mock.
Brothers and sisters, the courts legislated anarchy this past week. Anarchy is now the law of the land.
The beast nature has been unleashed. Restraint has been removed. Now the people of America will destroy their cities, towns, and land with their moral depravity.
(Note that the anarchy symbol contains the O and A of American PharOAh and ObamA.)
Following is a poem from a brother in Christ written to mark the Supreme Court Ruling.
America the Beautiful. America the Putrified.
The line of confusion is now stretched over Her vengeance, as a brothel’s declaration.
The plummet of chaos and no restraint now reign in singing, as music to Her ears.
Liberties Liberty, Medusa in rainbow colored hair, a flaming torch of amber waves of ash.
She knows it not and cares even less, heralding with contempt;
We are Justified!
We are Justified!
The Law of The Land!
The Law of The Land!
Gomorrah's Dignification, An Edom for All!"
Equally, Her tears of celebration will be filled with the shock of dismay. For Her prosperous stream of dollars shall reign in the pain of sulfur's eroding loss. The wheat shall be dusted, as the sheaf is broken, and the false weight will buy less as the people cling to shallow slogans.
Freedom's confinement is growing as a looming shadow over Her people as the strongholds are dazed with demons. Lament, mistrust, and growing paranoia are the symptoms of Her unbridled will.
Grooming and brewing, are the administered stars and stripes from the badges of control and the batons of enforcement.
Oh! The sorrow of The Law of The Land,
Oh! The sorrow of The Law of The Land,
Put in the hand of the lost man.
Dangerous is the Beast InDeed.
Credit to Joseph Herrin
F-16 Crash at the Mexican Border
Not So Fast
The Russians Are the Source of Localized EMP Weapons
Russia’s Terrorist Connections
The ISIS Base Camp Ties These Events Together
Credit to Common Sense
Unconfirmed reports on various websites in China claim the People's Liberation Army possesses a neutron bomb and would use it as a last resort against a potential US invasion, Duowei News, a news outlet run by overseas Chinese reported on June 26.
One online article said a neutron bomb could take out a US convoy of M1A2 Abrams main battle tank and M2A3 Bradley infantry fighting vehicles, killing all military personnel without doing significant damage to the vehicles themselves.
A neutron bomb sends a massive wave of neutron and gamma radiation that can penetrate armor or several feet of earth and is extremely destructive to living tissue. The bomb was developed to counter a potential Soviet invasion of Western Europe during the Cold War.
General Zhang Aiping, former deputy chief of PLA's general staff department, wrote in a poem for the Communist party mouthpiece People's Daily on Sept. 21, 1977, only months after the US tested its first neutron bomb, that it would not be difficult for China to develop the weapon. On Dec. 19, 1984. China tested its first neutron bomb two years after Zhang was appointed defense minister.
China successfully completed a neutron bomb test on Sept. 29, 1988.
Credit to wantchinatimes.com
China's Type 094 Jin-class submarine will adopt JL-2 ballistic missiles. (Internet photo)
The People's Liberation Army Navy has been developing new missiles for its newly developed submarines, according to Moscow-based Military Parade in a June 25 report.
The PLA Navy currently uses Type 093 Shang-class nuclear-powered attack submarines and Type 039A Yuan-class and Type 039 Song-class diesel-electric submarines. These vessels are all currently equipped with YJ-82 cruise missiles. The YJ-82 is set to be replaced by the SS-N-13, however, which has an operational range of 222 kilometers, according to the website.
China is currently carrying out tests on its Type 096 Tang-class ballistic missile submarine. JL-3 submarine-launched ballistic missiles are also being tested and will likely replace the JL-2 missile. Equipped with a multiple independently targetable reentry vehicle, the JL-2 can carry between three and four warheads. It is estimated to have an attack range of 7,400 kilometers. When launched from the waters east of Hawaii, the entire United States is in range of the JL-2 missile.
With only a single JL-2, China would be capable of striking between three and four US targets. China is also developing a new third-generation attack-submarine, the Type 095, the website reported. The PLA Navy will use this new submarine to attack enemy surface combat vessels 100 nautical miles away, the website said.
Credit to Wantchinatimes.com