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Monday, September 7, 2015

The Elite Have Prepared For The Coming Collapse – Have You?

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Why are the global elite buying extremely remote compounds that come with their own private airstrips in the middle of nowhere on the other side of the planet?  And why did they start dumping stocks like crazy earlier this year?  Do they know something that the rest of us don’t?  The things that I am about to share with you are quite alarming.  It appears that the global elite have a really good idea of what is coming, and they have already taken substantial steps to prepare for it.  Sadly, most of the general population is absolutely clueless about the financial collapse that is about to take place, and thus most of them will be completely blindsided by it.
As I discussed the other day, the only way that you make money in the stock market is if you get out in time.  The elite understand this very well, and that is why they have been dumping stocks for months.  This is something that has even been reported in the mainstream news.  For example, this comes from a CNBC article that was published on June 16th
The so-called smart money is pulling back from market risk, with fund managers taking down exposure to stocks, increasing cash holdings and buying protection against a sharp selloff.
About two weeks before that, I discussed the same phenomenon on my website.  The article that I published on May 30th was entitled “Why Is The Smart Money Suddenly Getting Out Of Stocks And Real Estate?
Did the “smart money” know what was about to happen?  Since the peak of the market, the Dow has already lost more than 2200 points.  All of the gains since the end of the 2013 calendar year have already been completely wiped out.
And of course the truth is that you didn’t really need any inside information to see that it was time to get out.  I have been warning my readers for months about what was coming.  The signs have been clear as a bell if you were willing to look at them.  Just consider the following excerpt from a recent piece by Michael Pento
Earlier in the year margin debt had risen over $30 billion or 6.5% to $507 billion and was equal to a record 2.87% of U.S. GDP. This surpasses the previous all-time high of 2.78% set in March 2000 – the top of the last largest stock market bubble in history.

And despite the assurance of every mutual fund manager on TV that they have boatloads of cash ready to deploy at these “discounted” levels, in early August cash levels at mutual funds sank to their lowest level in history, 3.2% (see chart below). As a percentage of stock market capitalization, fund cash levels are also nearing the record low set in 2000 when the NASDAQ peaked and subsequently crashed by around 80%.
The financial markets are absolutely primed for a major crash, and when that happens many among the elite will be hightailing it to the middle of nowhere.
Earlier this year, the Mirror published an article all about this entitled “Panicked super rich buying boltholes with private airstrips to escape if poor rise up“.  Here is a brief excerpt…
Robert Johnson, president of the Institute of New Economic Thinking, told people at the World Economic Forum in Davos that many hedge fund managers were already planning their escapes.
He said: “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway.”
Keep in mind that these are not just some rumors that Robert Johnson has heard.  These are people that he knows personally and that he interacts with regularly.
And Robert Johnson was not alone in this assessment.  Here is more from the Mirror
His comments were backed up by Stewart Wallis, executive director of the New Economics Foundation, who when asked about the comments told CNBC Africa: “Getaway cars, the airstrips in New Zealand and all that sort of thing, so basically a way to get off.

“If they can get off, onto another planet, some of them would.”
For some reason, the global elite seem to have a particular affinity for New Zealand.  Perhaps it is because of the great natural beauty of the nation combined with the fact that it is in the middle of nowhere.  The following comes from the Daily Mail
New Zealand, which is about the size of the UK, but has a population of just 4.4 million, offers them all the modern luxuries they have come to expect – but miles from any country which may implode into chaos.

The country is 11,658 miles away from the UK, while its closest neighbour is Fiji – 1,612 miles away, more than double the distance between Lands End and John O’Groats.

Homes at the top end of the market come with tennis courts, swimming pools and media rooms – and some even boast their own personal jetties where a family can moor their boat.

But the icing on the cake for those looking to make a quick escape comes in the form of private helipads or, better, your own airstrip.
For most of us, buying a luxury bolthole with a private airstrip in New Zealand is not a possibility.
But we should all be getting prepared.
I have a contact in the food industry that has told me that her company’s sales have “been through the roof” over the past 10 days as people stock up for what is coming.  In fact, she even used the word “panic” to describe what was happening.
And Americans have been buying a record number of guns as well
Newly released August records show that the FBI posted 1.7 million background checks required of gun purchasers at federally licensed dealers, the highest number recorded in any August since gun checks began in 1998. The numbers follow new monthly highs for June (1.5 million) and July (1.6 million), a period which spans a series of deadly gun attacks — from Charleston to Roanoke — and proposals for additional firearm legislation.
For a very long time, I have been warning people to get prepared.
Well, now we are getting so close that panic is starting to set in.
Hopefully you are already well prepared for what is about to happen.  If not, you need to kick your prepping into overdrive.
These next few months are going to change everything.  Get ready while you still can.
Credit to Zero Hedge

The Truth About the Migrant Crisis

The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month

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Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks. That, we went on the point out, would represent a stunning increase over the previous pace of the country’s reserve draw down, which we began documenting months ahead of the devaluation (see here, for instance). We went on to estimate, based on the projected size of the RMB carry trade unwind, how large the FX reserve liquidation might need to be to offset capital outflows and finally, late last week, we suggestedthat China’s official FX reserve data was set to become the new risk-on/off trigger for nervous, erratic markets. In short, the pace at which Beijing is burning through its USD assets in defense of the yuan has serious implications not only for investors’ collective perception of market stability, but for yields on core paper, for global liquidity, and for US monetary policy. 
On Monday we got the official data from China and sure enough, we find out that the PBoC liquidated around $94 billion in reserves during the month of August to $3.557 trillion (the lowest since September 2013)... 
... and as Goldman argues (see below), the "real" figure might have been closer to $115 billion. Whatever the case, it’s a staggering burn rate and needless to say, were the PBoC to continue to liquidate its assets at this pace, it would necessitate a raft of RRR cuts and hundreds of billions in short-term liquidity ops to ensure that money markets don’t seize up in the face of the liquidity drain. 
Here’s some commentary from across sellside desks on the official numbers:
  • From RBC’s Sue Trinh: 
    • China FX reserves suggest about $140b used to defend yuan in April once valuation is accounted for
    • Believes PBOC has been intervening to maintain the yuan’s stability since the devaluation, but this kind of intervention can’t continue indefinitely
    • It’s unsustainable in the long run; yuan is overvalued by around 15% by RBC’s latest estimate; still targeting USD/CNY at 6.56 by year-end and 6.95 by the end of 2016
  • From Commerzbank’s Zhou Hao:
    • Decline in foreign reserves clearly suggests China’s central bank intervened intensively in the FX market to stabilize CNY exchange rate
    • “One-off devaluation” in mid-Aug. triggered market expectations of further CNY deprecation, which has not only endangered the financial stability, but also posts a downside risk to the economy due to capital outflows
    • It’s costly because frequent intervention will burn foreign reserves rapidly and tighten the onshore market liquidity; that said, further tightening of regulations is expected near term
    • Expects spread between CNY and CNH is likely to persist as PBOC has become an active player in onshore market
  • From Goldman:
    • The People’s Bank of China (PBOC) reported that its foreign exchange reserves dropped by US$94bn in August, to US$3.557tn at the end of the month. However, it is not straightforward to derive the actual scale of FX reserves sales from the headline FX reserves data, given uncertain valuation effects and possible balance sheet management by the PBOC.
    • It is possible to get an approximate sense about valuation effects stemming from currency movement: e.g., assuming the currency composition of the PBOC’s FX reserves broadly follows that of the average country’s (using the IMF COFER weights, which suggest roughly 70% in USD for EM countries), the currency valuation effect would probably be positive to the tune of roughly US$20bn (i.e., if we only look at the change in headline FX reserves as a gauge of sales of FX reserves, sales of FX reserves might have been underestimated by around US$20bn, given the currency valuation effect). However, besides currency movements, there could also be significant valuation effects from changes to the market prices of the PBOC’s investment portfolios, and the direction and size of those effects is hard to measure given the uncertainty of the asset composition. Moreover, there could also be possible short-term transactions and agreements between the PBOC and banks that may complicate the interpretation of the change in FX reserves as an underlying measure of RMB demand.
Of course the huge draw down was widely anticipated and indeed, we've explored and detailed virtually every angle of this story in the lead up to the data. The key takeaway here is that we now have official confirmation that August saw $94 billion in reverse QE (and more likely $115 billion) or, quantitative tightening as Deutsche Bank puts it. 
We can, as we explained on Saturday, argue about what the ultimate effect on safe haven assets will be, but what's not up for debate is that conceptually speaking, China's massive UST dumping is the opposite of Western central bank QE and as such should be expected to pressure yields. More specifically, Citi has suggested that for every $500 billion in EM FX reserve liquidation, there's an attendant 108 bps or so of upward pressure on 10Y yields. Similarly, Deutsche Bank, citing the extant literature, flags 50-60bps of upward pressure on 5Y yields for every $100 billion in monthly EM FX reserve liquidations. 
The takeaway, as we put it last week, is that if the Fed hikes this month, it will be tightening into a tightening.
But it's not that simple. It's also possible that, if China's FX reserve draw downs do indeed end up serving as a trigger for risk-off behavior (i.e. a selloff in risk assets), the subsequent flight to safety could end up driving yields on long bonds lower, not higher. We discussed this in detail over the weekend. 
Still, China isn't the only country liquidating its USD assets. When you consider that global EM FX reserves amount to more than $7 trillion, it seems reasonable to ask whether the flight to safety that would invariably accompany a worldwide selloff in risk assets would be sufficient to replace the lost bid from massive reserve draw downs. Or, as we put it on Saturday, "the real question is what would everyone else do. If the other EMs join China in liquidating the combined $7.5 trillion in FX reserves (i.e., mostly US Trasurys but also those of Europe and Japan) shown below into an illiquid Treasury bond market where central banks already hold 30% or more of all 10 Year equivalents (the BOJ will own 60% by 2018), then it is debatable whether the mere outflow from stocks into bonds will offset the rate carnage."
And that consideration, in turn, puts the Fed in a very, very difficult spot. A rate hike cycle will put further pressure on already beleaguered EM currencies which raises the possibility that the FX reserve liquidation will be larger than the eventual safe haven flows and besides, there's bound to be a lag between the liquidation of USD assets and the flight to safety and given the potential for extraordinary bouts of volatility in UST, JGB, and German Bund markets, it's anyone's guess what happens in between. 
Whatever the case, something will have to give here. That is, all of these dynamics (i.e. a Fed hike, China's massive UST dumping, an EM meltdown precipitating FX reserve drawdowns, illiquid markets for the same assets everyone is dumping, hemorrhaging petrostate budgets, etc.) simply cannot coexist for long without something snapping because, as we put it last week, in this very unstable arrangement, the smallest policy error will reverberate exponentially, and those reverberations can lead to only one thing: the Fed's admission of policy failure by adopting a tightening bias, and ultimately launching another phase of monetary easing, be it QE4 or perhaps even the long-overdue and much anticipated Friedmanesque "helicopter money" episode.
Credit to Zero Hedge

China begins arresting journalists for reporting on global market crash

Image result for China begins arresting journalists for reporting on global market crash

(NaturalNews) The Chinese government is known for its authoritarianism and secrecy, which helps explain why there has been a crackdown of sorts on any journalists seeking to report the truth surrounding China's stock market plunge and economic disorder. (Republished from Collapse.news.)

As noted by Zero Hedge, Chinese authorities have been working for two months to control not just the country's stock market but also the narrative surrounding the market's recent negative performance.

"After an unwind in the CNY1 trillion back alley margin lending complex sparked a late June selloff, China cobbled together a plunge protection team run by China Securities Finance (an arm of CSRC [China Securities Regulatory Commission]) and began intervening in the market," Zero Hedge reported. "That effort has cost an estimated CNY900 billion so far."

However, the financial news and commentary site noted, on July 20 the well-respected Caijing magazine suggested that the CSF was preparing to scale back market interventions that many believed had kept the Shanghai Composite, China's main stock market index, from collapsing altogether.

$5 trillion in lost value

That report caused futures to slide in China in very short order, but the "rumor" was denied by the CSRC. And, as reported by Bloomberg Business, the reporter was quickly arrested for "spreading fake stock and futures trading information."

The Chinese probe of the magazine and reporter was announced by Xinhua News Agency, the government's official mouthpiece, which also called for efforts to "purify" the markets after a $5 trillion loss in trading value.

In addition, the news service carried quotes from a central bank researcher who attributed the market rout to an expected Federal Reserve rate increase in the U.S.

The Shanghai Composite Index has thus far nosedived more than 40 percent from its peak following concerns over the Chinese economy that sapped a months-long rally that had been artificially championed by state-run media.

Chinese authorities have repeated blamed market manipulators as well as foreign forces since the selloff began in June – which in turn led Beijing to adopt an unprecedented stocks-support program.

Visit MarketCrash.news for more breaking news on the unfolding market crash.

'Authorities too involved'

After suspending the program, however, the Chinese government has since launched a blame game and fault-finding campaign.

"The authorities have been too involved in the stock market and now they're trying to pass the responsibilities to others," Hu Xingdou, an economics professor at the Beijing Institute of Technology, told Bloomberg Business. "In fact, they have to be responsible for the market crisis. It's the authorities trying to act like a referee and a player at the same time."

Included in the government's investigation are anyone connected to the China Securities Regulatory Commission, Citic Securites Co. or Caijing magazine, on suspicion of offenses including illegal securities trading and spreading false information.

Bloomberg Business further reported:

They're probing suspects linked to the CSRC, including a former employee, over insider trading and forging official document stamps, Xinhua said. Eight people at Citic Securities are suspected of illegal securities trading and the Caijing employees are under investigation for allegedly fabricating and spreading fake stock and futures trading information.

Also, Xinhua published a commentary urging stricter enforcement to cleanse the markets, Bloomberg Business reported.

Punish the messenger

"We have reason to believe that more criminals and their hidden crimes will be exposed," the commentary said, as quoted by Bloomberg. "We also believe judicial departments will investigate thoroughly and impose punishments no matter who is involved in crimes."

In addition, the Chinese government has launched a propaganda campaign blaming Western "hype" for China's economic slowdown.

As noted by Reuters, the ruling Communist Party's official paper, the People's Daily, heavily criticized foreign doomsayers over their suggestion that China's economic system would be badly shaken following the slowdown.

In a commentary published under the pen name "Zhong Sheng," which means "Voice of China," the writer said, "Some people around the world have rather impatiently spoken of the so-called end of the China model, or of a hidden financial crisis in China.

"Of course, Chinese people are already unsurprised by the selective thinking in Western public opinion," the commentary added, reminding that commentators on the U.S. economy were far less alarmist after the bursting of the dot-com bubble in the early 2000s.

Credit to Naturalnews.com
Learn more:  http://www.naturalnews.com/051063_China_market_crash_arresting_journalists.html#ixzz3l1MFIbLh

BREAKING: "Another Chemical Plant Explosion China" # 4


A horrific crescendo of events is now creating an endgame for humanity.

From the engineered financial meltdown to mass migrations of populations and the advent of frightening nano technologies and more, including manufactured terror and endless wars, we face an uncertain future and a historical vortex never before experienced.
In this emergency update on the heels of a previous warning in June, Alex Jones enumerates the threats and explains how the destabilization of social and political systems orchestrated by the global elite imperils all of us.
“This is a total emergency alert,” Jones warns. “Get yourself and your family ready defensively and offensively, get out there out there and warn people.”
Please link to the videos on this page and show them to friends and family.
Credit to Infowars

WARNING:Strange Sounds From The SKY Heard All Around The World

Public School Parents Angry After Middle Schoolers Instructed To Write ‘ALLAH IS THE ONLY god’

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Parents in a Nashville suburb expressed alarm this week because their middle school children are learning about Islam in a world history class but, they say, the school is pointedly ignoring Christianity.

Brandee Porterfield, who has a seventh-grade daughter at Spring Hill Middle School in Spring Hill, Tenn., said her daughter came home with world history schoolwork all about the Five Pillars of Islam and other core teachings of the Abrahamic religion.

Specifically, according to Spring Hill Home Page, Porterfield said her daughter’s world history project was based around the Five Pillars. The first and most important pillar — the shahada in Arabic — is roughly translated as: “There is no god but God. Muhammad is the messenger of God.”

Porterfield said her daughter’s teacher instructed the girl to write: “Allah is the only God.”

Credit to The DailyCaller.com
Read more: http://dailycaller.com/2015/09/05/public-school-parents-angry-after-middle-schoolers-instructed-to-write-allah-is-the-only-god/#ixzz3l0c2U5B6