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Tuesday, August 11, 2015

This Is Not A Drill: India, Russia And Thailand Prepare For Currency War

Image result for dollar spiral

When China sneezes, the world catches a cold. Alternatively, when China devalues, the rest of the (exporting) world scrambles to not be the last (exporting) nation standing, and to do so next, before everyone else does. 
Case in point, at least three major emerging market nations announced they are bracing for currency war. 
First India, where NDTV ask rhetorically "How China's Devaluation of Renminbi Impacts India" and answers:
1) The Indian rupee slipped to a two-month low of 64.26 against the US dollar on Tuesday tracking the devaluation of the renminbi. Other currencies such as the Australian dollar and the South Korean won also lost ground.

2) The over 0.5 per cent fall in the rupee weighed on traders' sentiments, resulting in a drop in equity markets. Both the BSE Sensex and the Nifty traded with 0.4 per cent losses.

3) According to SV Prasad of Chime Consulting, renminbi's devaluation may push the Reserve Bank of India to cut interest rates in India. Lower interest rates will put off foreign investors and will further weaken the rupee, he added.

4) However, fund manager Sandip Sabharwal said India should not be too worried about the devaluation in renminbi. "Analysts are out with predictions of how a 1.5 per cent fall of Chinese currency will lead to a sharp increase in dumping etc. However the Indian rupee has also fallen nearly 0.8 per cent in sympathy and is now down 5 per cent over the last one year. It is hard to see a major impact of this on Indian stock markets or the economy unless yuan depreciation becomes a trend which seems unlikely at this stage," he said.

5) A fall in the value of the rupee is good for Indian exporters and sectors such as IT and pharma are seen gaining from the depreciation in the rupee. IT stocks were the top performers in stock markets today. However, China-focused Indian companies saw selling pressure because the devaluation of renminbi will make imports costlier in the country. As a result metal stocks saw selling pressure and underperformed broader markets. 
Then there is Thailand, where the senior executive vice president of the Stock Exchange of Thailand, Pakorn Peetathawatchai, said that "China is a very important market and a weaker yuan makes our exports there more expensive." He added that weaker yuan also increases travel costs for Chinese tourists. 
Well, yes, it's called "war" for a reason. 
Finally, there is Russia whose economy is already in a tailspin now that the dead cat bounce in oil has ended, and where moments ago RIA said that the Yuan devaluation puts pressure on RUB, other EM currencies.  Still, the Russian Economy Ministry sees no domestic factors for ruble devaluation, RIA adds even as it admits crude prices to stay under pressure in 2015.
We give Russia, Thailand and India (as well as the rest of the EM countries, actually make that all countries, the US included) at least a few days (hours may suffice) before they all realize that in a beggar-thy-neighbor global currency war, where the ZIRP (or NIRP) liquidity trap is already stalking at least half of the entire world, there really is no choice. 
Expect a dramatic surge in interest rate cuts over the next several weeks as the world responds and the tit-for-tat FX defection regime goes thermonuclear.
Credit to Zero Hedge


Image result for brazil dirty flag


“Let them all be confounded and turned back that hate Zion.” Psalm 129:5 (KJV)

Existing passports are to be reissued with the “offending” term deleted, and passports that are not changed will be invalid at the end of the year. While the rule change would appear to have been influenced by the U.S. Supreme Court decision earlier this yearthat Americans born in Jerusalem could not have their birthplace listed as Jerusalem, Israel – but rather would be listed as Jerusalem alone – Brazil had apparently made the decision on dropping Israel a year ago, according to the Brazilian embassy in Tel Aviv.

Credit to Now the End Begins

goddess kali, Hindu god of death and destruction projected on the Empire State building

This sounds like Antichrist it's coming......The world needs his super hero!!

Image result for Goddess Kali projected on New York's Empire State Building

Goddess Kali was projected on the Empire State Building in New York.

Artist Andrew Jones designed the portrait of the goddess to make the point that Mother Nature now more than ever needs a fierce avatar to fight the dangers of pollution and extinction.

Credit to Nunez Report

Protesters Declare They Are Ready For War As America’s Impoverished Inner Cities Threaten To Erupt

Ferguson Unrest - Photo by LoavesofbreadAre we about to witness a new round of racially-charged protests, riots and demonstrations all across the United States?  On Sunday night, a protest that had been organized to commemorate the one year anniversary of Michael Brown’s death in Ferguson, Missouri took a very violent turn.  An 18-year-old named Tyrone Harris that is being described as a “real close” friend of Michael Brown opened fire on police with a stolen handgun.  Police returned fire and Harris got hit.  He is now in the hospital and his prognosis is uncertain.  Of course this just raised tensions to an entirely new level, and at this point a state of emergency has been declared in Ferguson.
So what would cause an 18-year-old young man to pick up a gun and start firing at police?
This didn’t just happen in a vacuum.  An environment of violence and racial conflict is being purposely created, and the mainstream media and our politicians are continually fueling the fire.
On July 30th, the leader of the Nation of Islam, Louis Farrakhan, delivered a speech during which he stated that he was looking for “10,000 fearless men who say death is sweeter than continued life under tyranny”.  The following is an excerpt from that speech
“Death is sweeter than to continue to live and bury our children, while white folks give the killer hamburgers.
“Death is sweeter, than watching us slaughter each other, to the joy of a 400-year-old enemy. Yes, death is sweeter.
“The Quran teaches persecution is worse than slaughter. Then it says, ‘Retaliation is prescribed in matters of the slain.’ Retaliation is a prescription from God, to calm the breast of those whose children have been slain.
“So if the federal government will not intercede in our affairs, then we must rise up and kill those who kill us. Stalk them and kill them and let them feel the pain of death that we are feeling.
In the social media world, the ominous hashtags #fightback and #JusticeOrElse are being heavily promoted.  The implication is that African-Americans have a right to commit violence because of the injustices that have been committed against them in the past.
And on Sunday night, the “peaceful protesters” in Ferguson were repeating the following chant over and over: “Ready for what?! We’re ready for war!
When you understand the context, it becomes much clearer why some of these young people are doing what they are doing.
Instead of trying to cool things down on Monday, protesters continued to push the envelope.  Several very prominent activists, including Cornel West, were arrested when they crossed a barrier in front of a courthouse in St. Louis
Cornel West, and several prominent protesters including DeRay McKesson, 30, and Johnetta Elzie, 26, were arrested Monday afternoon during a protest outside the U.S. courthouse in St. Louis. The demonstration was part of a move by several clergy members to purposefully be detained by police.
Anger and violence are not what America needs.
If we could just learn to love one another and to treat one another with respect, things could be so much different in this country.
But instead, we are being set up for a race war.
Just consider the response to a recent incident that happened in Alabama
An Alabama police officer was pistol-whipped with his own gun during a traffic stop — and then mocked by cop critics online.
The plainclothes Birmingham detective was investigating a string of burglaries when he stopped a GMC Yukon and was attacked by the driver, authorities said.
This particular police officer has never been charged with doing anything wrong, but just because he is a cop he was mercilessly attacked online.  The following are just a couple of examples
“Pistol pimped his face n um chillen now,” Twitter user @TriggaMane666 posted with a picture of the wounded officer.
“Pistol whipped his ass to sleep,” a Facebook user wrote before deleting a post showing the officer face down on the sidewalk.
Anger and frustration are growing to frightening levels all over the nation, and the surging poverty that we are seeing in many areas is playing a significant role in all of this.
Despite what you may be hearing from the mainstream media, the truth is that the economy is not getting better.  In fact, in a whole bunch of different ways our economy is already in worse shape than it was during the depths of the last recession.
If you live in a nice neighborhood, you may not even be aware of what is going on in much of the rest of the country.  According to the Atlantic, the number of Americans living in high poverty areas has nearly doubled since the year 2000…
The number of people living in high-poverty areas—defined as census tracts where 40 percent or more of families have income levels below the federal poverty threshold—nearly doubled between 2000 and 2013, to 13.8 million from 7.2 million, according to a new analysis of census data by Paul Jargowsky, a public-policy professor at Rutgers University-Camden and a fellow at The Century Foundation. That’s the highest number of Americans living in high-poverty neighborhoods ever recorded.
The development is worrying, especially since the number of people living in high-poverty areas fell 25 percent, to 7.2 million from 9.6 million, between 1990 and 2000. Back then, concentrated poverty was declining in part because the economy was booming.
People living in highly concentrated areas of poverty can become very desperate, and desperate people do desperate things.
Don’t let the misleading economic numbers fool you.  As Paul Craig Roberts has pointed out, if honest numbers were being used our current unemployment rate would not be too far away from the unemployment rate at the height of the Great Depression…
In 1994 the Clinton regime stopped counting long-term discouraged workers as unemployed. Clinton wanted his economy to look better than Reagan’s, so he ceased counting the long-term discouraged workers that were part of Reagan’s unemployment rate. John Williams (shadowstats.com) continues to measure the long-term discouraged with the official methodology of that time, and when these unemployed are included, the US rate of unemployment as of July 2015 is 23%, several times higher than during the recession with which Fed chairman Paul Volcker greeted the Reagan presidency.
An unemployment rate of 23% gives economic recovery a new meaning. It has been eighty-five years since the Great Depression, and the US economy is in economic recovery with an unemployment rate close to that of the Great Depression.
But instead of telling us the truth, the mainstream media continues to put out lots of happy stories.
For instance, one of my readers just sent me this one: “4 signs the Des Moines economy is surging“.
I had to smile when I saw that.  You know, even though the U.S. economy has been collapsing, it is collapsing right now and there are all sorts of signs that our collapse is about to greatly accelerate, there are still lots of people out there that mock “the collapse crowd” and insist that everything is going to be just fine.
And of course the mainstream media continues to mock anyone that is seriously trying to prepare for the coming hard times.  The following is an excerpt from a recent Toronto Star article
Preppers anticipate various disasters by stockpiling food, honing wilderness survival skills and learning self-defence.
If a Katrina-like storm knocked out power in Toronto, you’d know the preppers by the lights in their windows, running on generators. And if things ever descend into chaos, they’ll grab their prepacked bags, loaded with essential survival equipment, and split, leaving the rest of us to fight over the last drops of gasoline and fresh water.
The mockers will continue to mock, and their jokes will continue to be very funny up until the moment when everything starts falling apart all around us.
But those that are wise understand what is happening, and they are preparing in advance.

Credit to Economic Collapse

Jade Helm Martial Law Forces Are Completely Occupying Every Corner of America

jh midland walmart nazis
The martial law forces of Jade Helm are everywhere. In the United States, we are witnessing unprecedented troop movements. Some of the American people are becoming hyper vigilant as they know, from what they are seeing, that something is terribly wrong. The following is a small cross-section of what I receive everyday. The takeover of America well under way as the country sleeps its way through the major events and embraces the beginning of a new NFL season.

From Portland, Oregon to Portland Maine, Jade Helm Forces Are Preparing for the Final Crackdown

Slacker 614 sent me this original video of a massive shipment of medical, surveillance, equipment supply, and troop transport and mechanized fighting vehicles being transported through Union Station in Portland, Oregon.

This is typical of what is going on in our country on a daily basis. This is unprecedented, unwarranted, a drain on the American taxpayer and is ultimately very dangerous to the safety and security of every American.
From one Portland to another Portland, a local Maine newspaper details how Jade Helm military forces are training with local law enforcement in order to quell any “civil unrest”.
PORTLAND, Maine --   -- A new mobile command unit to be used by Portland and South Portland police and fire departments sits outside Portland City Hall on Monday. The unit doubles as a conference and communications center.
PORTLAND, Maine — — A new mobile command unit to be used by Portland and South Portland police and fire departments sits outside Portland City Hall on Monday. The unit doubles as a conference and communications center.
Jason Dewitt sent me publicly available information from Maine in which the police of Portland, Maine and the military police and local law enforcement will be training to prepare for civil unrest. Details were not available, but with what we already know about Jade Helm, details are not necessary.
I was also sent the following email regarding a train convoy near Logan, Utah.
Hi Dave,
I enjoyed your broadcast on 7/31 and related article on 8/1.  I’m former Intel Analyst.  My studies were based on cold war scenarios.  Russia advancing on European interests.
You may have already received this info.
Reported 3 hrs ago, a train loaded with tanks 7 miles north of Logan, Utah.

Even Alaska Is Not Outside the Reach of Jade Helm

In remote regions of Alaska, people are observing the placement of the future instruments of their oppression in even obscure and out of the way locations.
Hello Dave, I was just in Talkeetna, Alaska for vacation when I took
photos of strange military shipments at a shopping area near the main
This convoy has combat written all over it.
This convoy has combat written all over it.
It looks like someone is expecting casualties.
It looks like someone is expecting casualties.
alaska 1

More Disturbing News From Marlon Brock In the Midland-Big Spring, Texas Area

Many reader will recognize the name of Marlon Brock and remember that he has provided the readers of The Common Sense Show with irrefutable photographs demonstrating the subterfuge and nefarious activities connected to the Midland, TX. Walmart. Trouble seems to follow Marlon as he recently sent me the following email.
At approximately 9:45pm, my wife and I were sitting outside enjoying the cooler weather when we heard an explosion.  It sounded like an oil well type explosion which happens occasionally here in west Texas, oil country.  When that occurs you always see flame or smoke.  We did not see either.  Then, we started hearing gunfire.  I recognized it immediately as military munitions.  I asked my wife to get your her ISPYPHONE 6 and record what we were hearing.  You hear walking in the direction of the gunfire.  At the 20 second mark in the MPEG4 audio you start to hear rapid gunfire.  Then at the 1:11 minute mark, the 1:36, and 2:50 minute marks you hear gunfire.  My weapons understanding is that this gunfire is either 50 cal or 30 cal.  Listen Dave, they are here.  We have never heard this before.  We live in Martin County Texas between Big Spring and Midland Texas….Marlon

Every Martial Law Contains Travel Restrictions

DHS bullet proof checkpoint. "Papers Please"
DHS bullet proof checkpoint. “Papers Please” Over the past two years, DHS purchased a number of these structures. Should we be concerned?
Consider what happened on the Rick Wiles show the other night when a listener called in and talked about the fact that there was a temporary roadblock for people traveling to Washington from Idaho. This information is discussed at the 48:54 mark of the show.
Additionally, I received this email from a reader from Idaho who complained that his 68 year old aunt was traveling west from Idaho to Washington when she was detained and accosted by military forces.
Travel restrictions will be a part of this process.
Travel restrictions will be a part of this process.
Dear Dave,
My aunt and I read all of your articles and listen to your show every week. I never dreamed I would be writing to you. 
My 68 year old aunt was traveling from Idaho to Washington when she was stopped at a Border Patrol type checkpoint. But it was not the Border Patrol, it was the military with people that my aunt suspected of being foreign military. 
She was asked for her ID and she asked if she had done something wrong. The soldier said no but he had to see her ID. She asked if she was free to go and the soldier replied that she had to report to a side area and have her vehicle searched. She was told that she would consent to the search or she would be dragged from her vehicle and the car would be searched anyway.  
She began to call them communists and Nazis and this is America and they had no right to do this. They detained her for an hour. And then they released her. If this can happen to my aunt, it can happen to anyone. Thanks for all that you do. 

Ft. Hood

You may already know about this, but here it is.   I have a employee who is in the Army Reserves, and he went to Ft. Hood Texas last weekend July 31- August 2 to qualify on the range.  He has been deployed 3X in the past, always out of Ft. Hood, so he knows the layout.  Usually when they are up there for the weekend training they stay in one of the barracks in “North” Ft. Hood, the area they use for deployments.  He normally stays in the barracks on his weekend training sessions, but this time they stayed in tents approx 1 mile away from the barracks because the barracks are full (of Jade Helm soldiers?).  The barracks he says are set up like row houses one after another.  Each one of the barracks NOW has its own 10 foot fence with razor wire (around each of the barracks individually). He could not figure why they would do that.  I asked if they had guard towers like you think of for concentration camps and he responded not yet, but that they are still building everywhere on the base. Said it was “creepy”, his words, as no one would tell then what was going on and why all the fence and wire. Said no one was talking.


This is just a small cross-section of what crosses my email every single day. The martial law take over of American is massive and it is proceeding at breakneck speed. The reports from each successive week or more disturbing that the reports from the previous week. These Jade Helm troops are emboldened and they are in violation of their sacred oath to enforce the Constitution.
I predict as we approach the Pope’s upcoming speech, we will see an increase in martial law troops and the scope of their mission as they prepare to enforce what is coming our way this fall.
Don’t forget to join us on The Common Sense Show, tonight from 8pm to 11pm (EST). Dave’s guests are Steve Quayle, Sheila Zilinsky and Joshua Coy.
Credit to Common Sense

Aborted Babies Being Used To Create Genetically Modified Human-Animals… If This Isn’t The Days Of Noah, What Is?

Now, the release of the full, unedited latest Planned Parenthood video from the Center For Medical Progress, made public Thursday, has confirmed the abortion organisation is indeed involved with this practice. Life News reports that “The full video, which runs for five hours and forty-five minutes, expands on a conversation between Melissa Farrell, Director of Research for Planned Parenthood Gulf Coast, and two CMP actors posing as representatives of an organ procurement company. That conversation focused on potential compensation to Planned Parenthood in exchange for fetal remains […] In the lengthy video, Farrell is seen looking over her e-mail when she finds a message from an immune-biology laboratory that was requesting fetal tissue to create humanized mice. The full conversation can be reviewed beginning at the 4:27:45 time marker on the full video.

Gerald Celente Is Predicting That A Stock Market Crash Will Happen By The End Of 2015

New York Stock Exchange - Public DomainGerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year.  If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire world.  He has been featured on CNN, The Oprah Winfrey Show, The Today Show, Good Morning America, CBS Morning News, NBC Nightly News and Coast to Coast AM.  Personally, I have a lot of respect for him.  While it is true that not every single one of his forecasts about the future came to pass over the years, he does have a very solid track record that goes back for decades.  He correctly predicted the 1987 stock market crash, the bursting of the dotcom bubble and the financial panic of 2008.  Just a couple of days ago, he told Eric King the following: “I’m now predicting that we are going to see a global stock market crash before the end of the year.”  Celente says that it won’t just be U.S. stocks either.  He believes that crashes are also coming to “the DAX, the FTSE, the CAC, Shanghai, and the Nikkei”.  It other words, it is going to be a truly global financial crisis and he says that there is “going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil”.
When you go out on a limb like this, you are putting your credibility on the line.  This is something that Celente has only done a few times in the past, and normally he has been spot on
Rarely do I ever put a date on market crashes. I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal. I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000…
Of course Celente is far from alone.  Many others have also been warning that a new financial crisis is imminent.
For instance, just check out what David Stockman recently told CNBC
David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out.
I think it’s pretty obvious that the top is in,” the Reagan administration’s OMB director said Thursday on CNBC’s “Futures Now.” The S&P 500 has traded in a historically narrow range for the better part of 2015, having moved just 1 percent higher year to date. “It’s just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate.”
Stockman, whose past claims have yet to come to fruition, still believes that the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession.
Just a few days ago, I authored an article entitled “8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent” which showed that a whole bunch of other financial experts are sounding the alarm about an implosion of the financial markets.
And before any of these warnings came out, I issued my “red alert” for the last six months of 2015 back on June 25th.
There is a growing consensus that something really, really bad is about to happen in the very near future.
You know that we are really late in the game when the mainstream media starts sounding exactly like The Economic Collapse Blog.
Now compare that headline to this recent one from Bloomberg: “Commodities Are Crashing Like It’s 2008 All Over Again“.
The mainstream media is starting to get it.  The exact same patterns that we witnessed just prior to the last financial crisis are playing out once again right before our very eyes.  Here is an excerpt from that Bloomberg article
Attention commodities investors: Welcome back to 2008!
The meltdown has pushed as many commodities into bear markets as there were in the month after the collapse of Lehman Brothers Holdings Inc., which spurred the worst financial crisis seven years ago since the Great Depression.
Eighteen of the 22 components in the Bloomberg Commodity Index have dropped at least 20 percent from recent closing highs, meeting the common definition of a bear market. That’s the same number as at the end of October 2008, when deepening financial turmoil sent global markets into a swoon.
This is the kind of stuff that I have been hammering on for weeks.
Another sign that we saw back in 2008 that is repeating once again is a substantial slowdown in global trade.  Over the weekend, we got some more bad news on this front from China.  The following comes from Zero Hedge
Overnight we got another acute reminder of just who is lying hunched over, comatose in the driver’s seat of global commerce: the country whose July exports just crashed by 8.3% Y/Y (and down 3.6% from the month before) far greater than the consensus estimate of only a 1.5% drop, and the biggest drop in four months following the modest June rebound by 2.8%: China.
China Exports YoY - Zero Hedge
It wasn’t just exports, imports tumbled as well by 8.1%, fractionally worse than the -8.0% consensus, and down from the -6.1% in June as China’s commodity tolling operations are suddenly mothballed.
The crisis that so many have been waiting for is here.
As the coming weeks and months play out, there will be good days and there will be bad days.  Remember, some of the biggest one day gains in U.S. stock market history happened right in the middle of the financial crisis of 2008.  So don’t get fooled by what happens on any one particular day.
Also, please do not think that this crisis will be “over” by the end of 2015.  What we are moving into is just the start of the crisis.  Things will continue to unravel as we move into 2016 and beyond.  The recession that we experienced back in 2008 and 2009 will seem like a Sunday picnic compared to what is coming by the time that everything is all said and done.
So that is why I work so hard to encourage people to get prepared.
What we are facing is not going to last for weeks or for months.
The coming crisis is going to last for years, and it is going to be painful beyond what most people would dare to imagine.
Credit to Economic Collapse