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Wednesday, September 2, 2015

The Safest Place to Escape the New World Order

iceland flag

There are many of us who are all to well aware of the dangers that lie ahead for those people who speak out against the tyranny that is sweeping our country. In modern day America, this is a very dangerous time to be outspoken. At places like Washington State University, using the terms “boy”, “girl”, “homosexual”, “senior citizen” and any other term that the globalist political correct police force deems inappropriate, can get you expelled from school. For those who engage in the high stakes game of calling a criminal a criminal (e.g. the bankers who have hijacked the United States government), are willfully engaging in life-threatening behavior.
Economic indicators in this country, are horrific on their face. As economist Joseph Meyerrecently told my international radio audience:
-Seventy five percent of the country makes less than $30,000 per year.
-On-third of adults over the age of 30 are living with their parents for economic reasons.
-The college loan fiasco will be the next housing crash of 2008.
-Over 300,000 waitresses and waiters have college degrees.
Additionally, we know the following:
-Our nation’s economy has gone from first to fourteenth and is rapidly plummeting.
-Some polling groups ranks America as low as 44th, behind Romania, in civil liberties.
-Despite our 24/7/365 access to entertainment America ranks 14th in happiness levels.
-In the United States, suicide has replaced car accidents as the number one cause of death.
-Since 1968, suicide for Americans between the ages of 15-24 has skyrocketed by 310%
-An estimated 20-25% of the country is on mind-numbing psychotropic drugs. Seventy percent of foster children are on these drugs which bring structural changes and damage to young brains.
-We are now seeing East German Stasi type interrogation centers being used against American citizens who are not even charged with a crime (e.g. Chicago Black Sites).
-DHS and the Clergy Response Team have greatly compromised the spoken word of the Bible. Most churches and their pastors fall under the category of “false prophets”. In other words, today’s American churches are centers of deception.
-The U.S. economy is nearly $19 trillion dollars in debt.
-The U.S. government owes $240 trillion dollars in unfunded mandated liabilities to Social Security, Medicare, Medicaid, etc.
-The bankers have coerced the government to push their derivatives debt upon the American people. This debt amounts to about $1.5 quadrillion dollars with an annual interest rate of $505 trillion dollars. The entire GDP of the planet is under $70 trillion. America could not pay off this debt by the 50th century.
-Despite spending in excess of 10 times more for health care as any other nation, we only have the 51st longest life span. We live, on average, a full one year less than the a Cuban living in a third world country.
-Post-secondary education is the most expensive in the world as is health care.
-The U.S., despite having only 4% of the population, has over 25% of the world’s prison population.
-Americans are expatriating in record numbers. Should you be one of them and where would you go?
For people like myself, it is too late to leave, but for the average American, expatriation is something that one might want to seriously consider. People ask me, where should I go? Costa Rica? It is attractive in many ways, but there are way too many CIA types there for me to be comfortable. What about Sweden? They have relatively free health care and college education. However, they are being overrun by the same Muslim extremists that Curt Schilling wrote about in his tweet that got him fired by ESPN. The most attractive choice, to me, is Iceland.


The World's Center of Democracy.
The World’s Center of Democracy.
With a forecasted 2015-16 growth of 3.4%, Iceland is one of the most stable economies on the earth.
At one time, in 2008, Iceland’s economy was crashed by the same crushing debt as the United States. The usual players, Goldman Sachs and their criminal colleagues on Wall Street were behind the hijacking of both the government and the banks in Iceland. At least they were until the collective people in Iceland realized that they had much more than snowballs  that they could throw at their Wall Street enemies. In short, they rose up and defeated the banksters. Despite being told that their economy would be irreparably damaged if they rejected Wall Street and central banking edicts, they persevered and “threw the bums out”. Today’s Icelandic economy is thriving and the government is relatively stable given the volatile times we live in. Add to that, Iceland is the only nation on the planet who told the banksters where to go and what do when they got there, they have survived to tell the tale.

IF America Had Done, In 2008, What Iceland Did, the following Would Have Been the Headlines In the US

The First District Court of Appeals sentenced four former Goldman Sachs Executives to prison terms ranging from three to five years in prison for financial crimes dating back to 2008. The Supreme Court, fearing civilian reprisals, has refused to hear the bankers’ appeals.
The mainstream media is reporting that Hank Paulson, former CEO of Goldman Sachs and Secretary of the Treasury as well as being known for being the architect of the bailouts, received the heaviest sentence of five years in prison. Paulson was ordered to pay $33.4 million dollars in fines. Along these same lines, former Goldman Sachs CEO and former World Bank President, Tim Geithner, was sentenced to three years in prison along with being assessed a hefty $23 million dollar fine. The mastermind of the MF Global theft, former Goldman Sachs executive and the former Governor of New Jersey, Jon Corzine, was sentenced to four years an $18 million dollar fine. The most recent Goldman Sachs CEO, Lloyd Blankfein was also sentenced to three years and assessed a $13 million dollar penalty.
When hundreds of thousands of citizens showed up at the Capitol building and began throwing rocks at the building, this triggered the biggest civil unrest in the country’s history. The military refused to become involved and government officials cowered in fear as DHS fought off the protesters. Shortly thereafter, the beleaguered Congress rediscovered its backbone and issued arrest warrants for the four criminal banksters. Of course, Goldman Sachs and several other international bank entities warned the citizens that the country would collapse economically and it would become necessary to usher in martial law. This proved to be an empty threat, as the opposite ended up being true. The year following the arrests of these four bankster thugs, the economy grew at a rate of 2.6%. It is safe to say that the government will never tolerate the undue influence of any financial institution again. The country is approaching financial solvency. Goldman Sachs has been turned into a bed and breakfast location. Who would have thought that this would have been possible?
In a related story, Nancy Pelosi also went to prison for two years after being convicted insider trading on Wall Street. And Diane Feinstein went to prison for five years for repeated violations of conflicts of interest as Feinstein’s husband was the beneficiary of several no-bid federal government contracts. Obama was impeached and convicted for identity theft and most importantly, treason. Happy days are here again.

Fade to black….not in a pigs eye!

I would pray that these events would take place, but unfortunately, our bankster crime rate continues to rise exponentially.  However, the equivalent of these events, and more, just took place in Iceland.
Today, Iceland’s economic growth is a full percent higher than the United States without all the debt. And better yet, the Icelandic government is not under the control of the central bankers so debt is not the driving force of their economy.  Further, let’s also not forget, that almost all of Obama’s “shovel ready jobs” pay less than $30,00o per year.

This Is Exactly What Happened In Iceland

Icelanders must not eat GMO’s, their water must not be fluoridated and their men never need Viagra. Icelanders have courage and intestinal fortitude. Meanwhile, back in the USA our sheep are too busy watching reality shows while, at the same time, running from reality. However, as the reader will soon discover, the circumstances in Iceland are unique and are not likely shared by other Western nations.

True Justice

In an unprecedented ruling, Reykjavík District Court sentenced four former banking executives of the Kaupthing Bank to between 3 and 5 1/2 years in prison for financial crimes dating back to 2008. Vísir is reporting that former Kaupthing director, Hreiðar Már Sigurðsson received the heaviest sentence which consisted of five and a half years. He was also ordered to pay $33.4 million and also pay the government’s legal fees. There is a God and there is justice in Iceland as former Kaupthing chairperson, and former Interpol fugitive, Sigurður Einarsson, was sentenced to five years, and ordered to pay a total of $14.3 million as well as legal fees.
If the Icelandic people could get their hands on Goldman Sachs officials they would. They impeached and convicted corrupt politicians who were in league with Wall Street, many of which are serving prison sentences. Iceland’s economy recovered while still saying no to the corrupt Goldman Sachs influences in Europe. Iceland i salso saying no to the Bank of International Settlements. Iceland is a beacon of hope for the rest of the G20 nations including the United States, or is it?

Why Did the Uprising Work in Iceland and Nowhere Else?

Gadaffi showed the same level of defiance to the corrupt banksters as did the people of Iceland, yet he is dead. What is the difference? In Iceland, the people are engaged and are committed. This was not the case in Libya and this is certainly not the case in the United States. Both Libya and the United States have been invaded by massive immigration (i.e. many al-Qaeda took up residency in Libya before the revolution) and America’s immigration issues have been well chronicled. Both countries lacked the solidarity which ultimately served to dilute their national resolve. Further, in America, the mainstream media keeps the masses docile and dumbed down while conducting their version of “Occupy America”.

The Major Reason Why Iceland Beat the Bankers

Most of Congress has been bought off. The so-called representative government is beyond the reach of the people. In Iceland, that is not the case and even if that were the case, it would not matter.
The most important fact related to the Icelandic revolution happened after the implementation of a type of self-governing approach which includes some elements of “Direct Democracy“. Icelanders have much more say in their government than we do. This is a huge advantage for the citizens of Iceland, as from this moment on, no external power can conquer their country thru hidden activities and the creation of bribed puppets. Politicians can theoretically be bribed, but it would not matter.
Iceland’s President, who successfully led the revolt against the bankers, Olafur Ragnar Grimmson, was interviewed three years ago at the World Economic Forum in Davos on why Iceland has enjoyed such a strong recovery after it’s complete financial collapse in 2008, while the rest of the West is still mired in debt, poverty and hopelessness to go with empty promises of an economic recovery.
When asked whether Iceland’s policy of letting the banks fail would have worked in the rest of Europe, Grimsson stated:
“… Why are the banks considered to be the holy churches of the modern economy? Why are private banks not like airlines and telecommunication companies and allowed to go bankrupt if they have been run in an irresponsible way? The theory that you have to bail-out banks is a theory that you allow bankers enjoy for their own profit their success, and then let ordinary people bear their failure through taxes and austerity. People in enlightened democracies are not going to accept that in the long run. …“
Can anyone imagine Obama, or a even a first-term American Congressman saying such a thing?


Americans have three choices if our nation is to recover: (1) Civil War; (2) Establish direct democracy and begin the political purge that will rid the government of the banker takeover; (3) Leave the U.S. for Iceland, or, (4) Passively accept our present circumstance and embrace our ultimate and complete demise.
expat 1
If I were to leave America, Iceland would be my destination of choice. Iceland’s health care is nearly free. There are virtually no private hospitals and medical insurance that can deny treatment for being a “pre-existing condition”, or, “the treatment is experimental”. Iceland’s people live nearly 5 years longer than the average American. Iceland’s post-secondary education system is something that our young adults would embrace. University students in Iceland only pay minimal registration fees and there is no such thing as college tuition, it is free. When we look at these two variables, health care and education, it so easy to see how our people are so victimized by the elite and how living in America is no longer a privilege. Moving to Iceland is not easy, but with proper planning, it can be done. Iceland’s government has clearly said “No” to the New World Order and their debt enslavement policies of the banksters. That might be reason enough to move there today.
Does anyone believe that Iceland has its version of Jade Helm?

We should all realize that when one moves to a safe haven like Iceland, that a person is only staying one step ahead of the burning bridge. Eventually Iceland, but at a much later date than the U.S., will be consumed by the banksters. This is inevitable, unless there is a world-wide revolution. Someday, we are going to all wish we stood our ground and fought against the bankers. 

Credit to Common Sense 

September 2015 Sure Started Off With Quite A Bang, Eh?

Bang Explosion - Public DomainAfter enduring their worst August in 17 years, U.S. stocks are off to their worst start to a September in 13 years.  Just yesterday, I declared that we would be entering the “danger zone” this month, and it didn’t take long for the action to begin.  Historically, this month is the worst month of the year for stocks, and most of the biggest stock market crashes throughout our history have come in the fall.  On Tuesday, the Dow plunged another 469 points, and it is now down more than 10 percent from the peak of the market back in May.  That means that we have officially entered “correction” territory.  Asian stocks also crashed hard on Tuesday, so did European stocks, and the price of oil plummeted about 8 percent.  For a long time, there have been a lot of people out there that have been warning that a financial crisis would happen in the second half of 2015, and they are being proven right.  It is actually happening.
Of course there will be plenty of ups and downs still to come.  I cannot emphasize enough that we should fully expect waves of panic selling andwaves of panic buying.  This always happens during any market crash.
For instance, just consider what happened when the tech bubble crashed.  The following analysis comes from Graham Summers
In a six month period, investors moved stocks down 19%, up 8%, then down 27%, then up 21%, then down 22%, then up 34%, then down 17%, then up 16%, then down 28%, then up 16%, and finally down 17%. Only at that point did stocks break their trendline for the bubble (the blue line) and it became obvious that the bubble had burst.
My point with all of this is that even when the bubble was both very specific AND obvious, the collapse was neither quick nor clean. There were several large 20%+ crashes, but overall, it was a roller coaster with jarring rallies that gradually wore its way down.
It was a full-blown market collapse, and yet there were moments when the market absolutely skyrocketed.
The same thing happened in 2008.  In fact, the best two days in stock market history were right in the middle of the last financial crisis.
So don’t be fooled by what happens on any one particular day.  Huge up days and huge down days are both red flags.
If the market is going to recover any time soon, what we need are nice quiet days without much volatility.  Unfortunately, that is not likely to happen any time soon because a tremendous amount of damage has already been done and some massive imbalances have already developed.  I like how Richard Smith put it recently…
Serious damage has been done to the financial markets in the past two weeks – very serious. Don’t let anyone tell you otherwise.
No one should be kidding themselves that what’s happened in the past two weeks is just a little late summer blip – building up some energy to rally into the fall and winter. I’m not saying it couldn’t happen but it isn’t the odds play.
Everywhere I look, technical damage has been done – and it’s like nothing we’ve seen since 2008.
Yes, the mainstream media is telling everyone that they shouldn’t panic and that everything will be just fine, but those that study the charts for a living know what is really happening.  For months, I have been telling you over and over that things were setting up in textbook fashion for another financial crisis, and other experts have been seeing the exact same things that I have been seeing.  For example, just consider what Louise Yamada told CNBC
Looking at a chart of the S&P 500, Louise Yamada noted that momentum has been declining for four months, which by her work, is a “classic” sell signal.
“This is suggesting to me that we are looking at a bear market,” said Yamada said Tuesday on CNBC’s “Futures Now.” Yamada noted that the last two times the market saw a similar shift in momentum were in January 2008 and June 2000.
Right now, a lot of people are very confused about what to do.  Those that told them to buy stocks in the first place are telling them to buy even more stocks.  And of course the mainstream media is telling them that everything is going to be just wonderful after this “correction” runs its course.  But at the same time a lot of people have a gut feeling that things are about to get really bad.
Personally, I think that what John Hussman shared in his recent newsletter contains a lot of wisdom…
“If you’re taking more equity risk than you can actually tolerate if the market goes south, setting your portfolio right isn’t a market call – it’s just sound financial planning. It’s only fun to be reckless if you also turn out to be lucky. Market conditions are now more hostile than at any time since the 2007 peak. If you want to be speculating, and you can tolerate the outcome, then you’re not taking too much equity risk in the first place. But it’s one or the other. Can you tolerate a 40-55% market loss over the next 18 months or so? If not, take this opportunity to set things right. That’s not the worst-case scenario under present conditions; it’s actually the run-of-the-mill historical expectation.”
I also want to point out that we are now less than two weeks away from the end of the Shemitah year.
If you are still not familiar with the concept of the Shemitah year, please see my previous article entitled “The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015“.
Even though the stock market crashed in September 2001 at the end of a Shemitah year, and in September 2008 at the end of another Shemitah year, and it is crashing again in September 2015, somehow there are still people out there that do not think that this is real.
Well, I am here to tell you that this is very real.  But if you won’t listen to me, perhaps you will consider the findings of Israeli mathematician Thomas Pound.  The following comes from an outstanding piece that was just published by WND
After a friend told him about the seven-year Sabbatical cycle to the stock market, Pound again set out to see if the theory held up under statistical scrutiny.
Applying the same ANOVA test to the Shemitah cycle, Pound’s research revealed that the sabbatical years were the only group of years in which the market cycle averages consistent significant losses since 1871.
He also found that, in Shemitah years, the difference in loss was greater than that noted in professor Shiller’s decennial cycle.
“Statistically, it appears that the calendar years in which the Sabbatical year ends are worse than the other six years, and that difference is significant based on the data I have,” Pound told Breaking Israel News.
Look, I know that this may not fit with how you currently view the world.
The truth is that a whole bunch of weird stuff is about to happen that may not fit with how you currently view the world.
But if you honestly want to discover the truth, then you have got to go wherever the evidence ultimately leads you.

Mathematician: Shmittah Market Trends Point to "Really Bad" Crash in September

“On this year of jubilee each of you shall return to his own property.” (Leviticus 25:13)

Men wait in a breadline during the Great Depression in New York City, 1932. (Photo: U.S. National Archives and Records Administration)

One mathematician is looking to the Bible by using information gleaned about the Shmittah cycle to predict trends in international stock markets.

Thomas Pound is an educator and mathematician with a passion for statistical analysis in the financial arena. Several years ago, he corresponded with a financial advisor who was using a decennial analysis to determine which years were optimum for investor returns. According to the theory behind decennial analysis, which was first proposed in the book “Irrational Exuberance” by Yale Economics Professor Robert Shiller, years ending in the number eight yielded better returns than other years. Years that ended in seven were even less lucrative than normal.

Armed with 144 years of market data going back to 1871, Pound set out to test the validity of this theory. As Pound explained to Breaking Israel News, “Being a statistician, if somebody makes a claim, then statistically, it should hold up.”

After performing an Analysis of Variance significance (ANOVA) test, Pound discovered that there was some basis for the financial advisor’s strategy of avoiding investing in years that ended in seven. It gave him a statistical advantage of 100 base points, with years not ending in seven averaging an annual return of 10.19 percent, compared to an overall average of 9.04 percent.

All would have been well and good, however the theory also advised investing heavily during years that end in the number eight. Pound sought out to learn why and the results were divinely enlightening.

Similar to the decennial theory, the Shmittah cycle takes place in a set of seven years. People who follow the market recognize the years 1973, 1980, 1987, 2000 and 2007 as years which the market saw a significant collapse.

The biggest ever single-day stock market crash occurred on September 29, 2008, when the Dow Jones Index crashed, losing $1.2 trillion in market value. This day also happened to be the day before Rosh Hashana, the Jewish New Year, signalling the end of the Shmittah cycle.
Image result for end of the Shemitah cycle.

After a friend told him about a theory linking the seven year Sabbatical year to the stock market, Pound deepened his research. With little knowledge of the Shmittah cycle and expertise in statistical and stock market trends, Pound sought out to discover a statistical link between the market and Shmittah.

Applying the same ANOVA test to the Shmittah cycle, Pound’s research revealed that the sabbatical years were the only group of years in which the market cycle averages consistent significant losses since 1871. He also saw that Shmittah years were the most volatile years of the cycle. More surprisingly, the difference in loss was greater than that noted in Professor Shiller’s decennial cycle.

“Statistically, it appears that the calendar years in which the Sabbatical year ends are worse than the other six years, and that difference is significant based on the data I have,” Pound told Breaking Israel News.

With mathematical precision, Pound quoted King Solomon in Ecclesiastes 11:2, “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth,” as practical advice to prepare for the inevitable Shmittah market crash. He notes that while the stock market is cyclical, this bit of Biblical wisdom advises we diversify our portfolios.

Pound pointed out that according to the decennial theory, 2015 should be one of the better years for investing in the stock market. However, according to the Shmittah theory, we are due for a market crash. As Pound succinctly put it, “In September, we can expect something really bad.”

Credit to 
Read more at http://www.breakingisraelnews.com/48068/shmittah-market-trends-point-to-really-bad-crash-in-september/#Oxd1oI0kopYtEOvT.99

100 Year Shemitah Cycle

Image result for jewish jubilee

God's calendar (opposite) intersects with two of our Gregorian years. It is wise for us to attune our hearts with the times and feast dates that have been set down by God. In this way we gain understanding about current and future events.

God commands rest on the seventh day - Sabbath. This rest also applies to the cycles of weeks and years...the cycle of seven weeks (7x7) points to the 50th day - Pentecost. The cycle of seven sets of seven years (7x7 Shmita years) points to the 50th year - Jubilee. The year of Jubilee is based on letting the land rest every 7th year, known as the Shmita year. During this year God commands rest for both the farmer and the land..."But the seventh year thou shall let it rest and lie still." Exodus 23:11. Israel has two calendars; religious and civil. The Shmita is based on the civil calendar which always begins on the Feast of Trumpets in the month of Tishri (September). The Shmita is like a two edged sword. To the nation that upholds the ways of God it comes as a blessing. To the nation that turns its back on God the Shmita comes in the sign of judgment.

The impact of the Shmita is the wiping away of that which has been built up. A Shmita reminds a nation that it's blessings and power come only from God - without them they must eventually fall.

Towers symbolize a nation's power and pride...this connection can be seen from the very first tower; "Come, let us build ourselves a city, and a tower whose top is in the heavens; let us make a name for ourselves..." Genesis 11:4. The prideful building of the Tower of Babel brought judgment. America is the most powerful nation in the history of the world. On April 30, 1789 George Washington prophetically declared that should America turn away from God, His blessings will be removed.

The Shmita (judgment) and America converged on September 11, 2001 when the towers fell. The World Trade Centre was conceived in the Shmita of 1945, begun in the Shmita of 1966, was dedicated in the Shmita of 1973 and destroyed in the Shmita of 2001. This was a warning from God to come back to Him but the leaders of America quoted Isaiah 9:10 in defiance. "...Who say in pride and arrogance of heart: The bricks have fallen down, but we will rebuild with hewn stones." When ancient Israel uttered these prideful words God brought judgment upon the land and that which was built up was wiped away.

The new tower raised up from Ground Zero has a 40,000 pound "hewn" foundation stone. So, at the climax of the 2001 Shmita came two falls; a colossal collapse in Wall Street and the most physical collapse in American history as the two towers came crashing down to earth. Shmita years are behind the rise and fall of America. If the rise of a tower foreshadowed the rise of America, what does the fall of a tower foreshadow?

Let's take a look at the incredibly accurate timing of the Shmita Year as it impacts modern history in the realm of finances, economies and empires:
1901-1902 Shmita Year - 46% U.S. Stock market value wiped out.
1916-1917 Shmita Year - 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power. All during this one Shmita year.
1930-1931 Shmita Year - 86% U.S stock market value wiped out in the worst financial crisis in modern history.
1937-1938 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
1944-1945 Shmita Year - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.
1965-1966 Shmita Year - 23% stock market value wiped out.
1972-1973 Shmita Year - 48% U.S. Stock market value wiped out. Global recession. U.S. Voted to kill its unborn children (Abortion legalized). U.S. lost its first war - Vietnam...
1979-1980 Shmita Year - U.S. and global recession.
1986-1987 Shmita Year - 33% U.S. Stock market value wiped out.
1993-1994 Shmita Year - Bond market crash.
2000-2001 Shmita Year - 37% U.S. stock market value wiped out. 9/11 and Global recession.
2007-2008 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
2014-2015 Shmita Year - Same pattern but very severe judgment coming (See 7x7 Shmita Harbingers)

The current Shmita Year, September 25, 2014 - September 13, 2015 is the 7th and last Shmita year in this cycle then follows the 50th year, Jubilee...year of liberation (Rapture). From the above facts... one can see the systematic pattern of the Shmita Year woven into the recent history of today's society. Buckle up, we're in for a rough ride in the days ahead.


Credit to Are you Ready

Unprecedented Stimulus & Dow 20,000 Ahead

ConocoPhillips Fires 10% Of Global Workforce, Warns Of "Dramatic Downturn" To Oil Industry

Image result for economic collapse
Remember when the oil crash was supposed to be "unequivocally good" for the global economy and the US consumer, only for this to be disproven as the biggest macroeconomic lie since "QE is good for the people"? We do -  quite vividly - which is why in December of last year we presented "150 Billion Reasons Why Low Oil Prices Are Not Good For The Global Economy" and countless other articles subsequently explaining why the great oil collapse of 2014 (and 2015) is actually "unambiguously bad." It took the so-called experts the usual 6-8 months to catch up, and admit they were wrong or at least stay silent this time.
In fact, 10 months after our first exposition on the death of the Petrodollar, the massive upcoming reserve liquidation (read Treasury selling) that is about to be unleashed as a result of the soaring dollar and plunging price of oil, has finally become a topic du jour at such banks as Bank of America and Deutsche Bank, who have finally grasped that the great oil crash precipitated nothing short of the world's first Reverse QE episode in history as some $10 trillion in accumulated reserves start being sold. 
That, however, mostly impacts the uber-wealthy: those whose net worth is invested in financial assets which are about to be sold en masse by some of the world's biggest central banks. Where it hits much closer to home is when firms such as Houston based ConocoPhillips announce that the E&P giant is about to terminate 10%, or 1,800 people, of its global workforce, in the next several weeks as it copes with low oil prices.
As the Houston Chroncile's FuelFix blog writes, "Daren Beaudo, a company spokesman, confirmed that an internal communication was sent to employees earlier this week informing them of the upcoming staff reductions. Most of those affected workers will receive layoff notifications next month."
But don't worry: the great(ly fabricated) US jobs recovery myth will not be impaired: all these formerly highly-paid engineers, technicians, drillers and chemists will find minimum wage jobs flipping burgers at their local recently IPOed Shake Shack. 
FuelFix adds that "the largest portion of the job cuts will come from North America, he said, where the Houston oil producer drills for crude from the oil sands in northern Canada to the shale plays in South Texas. The firm will also trim about 1,000 core contractors from its workforce."
Beaudo said ConocoPhillips has informed employees, city and state agencies that more than 500 of the firm’s 3,750 employees in Houston will also be cut. In Canada, the firm is cutting 400 employees and 100 contractors.
And just in case there is still any confusion about the real impact of the great oil crash, here is Conoco again warning it will certainly not be the last to engage in mass layoffs: “We’ll know more in the next several weeks as we work through our formal process,” Beaudo said in an emailed statement. “Our industry is undergoing a dramatic downturn, which has caused us to look at our future workforce needs. As we have assessed the implications of lower prices on our business, we’ve made the difficult decision that workforce reductions will be necessary.”
But before anyone panics and gets worried that while thousands are losing their jobs, there is a threat to the luxurious living standards of the 1% of Americans who alone benefit from the Fed's policies and corporate cash flow generosity, fear not: COP may be firing thousands, but at least the dividend is safe, for now.
Credit to Zero Hedge