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Tuesday, June 23, 2015

Inhuman part No 1

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In the countdown to the release of the highly anticipated documentary “INHUMAN: THE NEXT AND FINAL PHASE OF MAN IS HERE”(scheduled for release around August 15), SkyWatch TV will be running an exclusive online series on transhumanism and the dawn of the Human Hybrid Age, starting with the entry below. This extensive multi-year project is not fiction or a mockudrama but a new investigative documentary from the internationally acclaimed team at SkyWatch TV and the new department Defender Films. Inhuman travels the globe to unveil for the first time how breakthrough advances in science, technology, and philosophy—including cybernetics, bioengineering, nanotechnology, machine intelligence, synthetic biology and the new CRISPR gene-editing technology—are poised to create mind-boggling game-changes to everything we have known until now about Homo sapiens.  
As astonishing technological developments push the frontiers of humanity toward far-reaching morphological transformation (which promises in the very near future to redefine what it means to be human), an intellectual and fast-growing cultural movement known as transhumanism intends the use of these powerful new fields of science and technology as tools that will radically redesign our minds, our memories, our physiology, our offspring, and even perhaps—as Professor Joel Garreau, Lincoln Professor of Law, claims—our immortal souls.  
The technological, cultural, and metaphysical shift now underway unapologetically forecasts a near future dominated by a new species of unrecognizably superior humans, and applications under study now to make this dream a reality are being funded by thousands of government and private research facilities around the world. As viewers will learn, this includes rewriting human genetics, combining human and animal DNA, and interfacing our brains with strong artificial intelligence systems. As a result, new modes of perception between things visible and invisible are expected to challenge bioethics in ways that are historically, sociologically and theologically unprecedented. Without comprehending what is quickly approaching in related disciplines of research and development, vast numbers of individuals could soon be paralyzed by the most fantastic—and far-reaching—implications. The destiny of each individual—as well as the future of their families—depends on their knowledge of this new paradigm, an unprecedented time in earth’s history already being called the “Hybrid Age.”  
FEATURING (partial list): Dr. Thomas R. Horn, CEO, Defender Films, best-selling author; Dr. James J. Hughes, Executive Director, Institute for Ethics and Emerging Technologies, former President, World Transhumanist Association; Dr. William B. Hurlbut, U.S. President’s Council on Bioethics, Consulting Professor of Neuroscience, Stanford University; Dr. Hugo de Garis, retired Director of the Artificial Brain Lab (ABL), Xiamen University, China; author, The Artilect War; Dr. Natasha Vita-More, Faculty, University of Advancing Technology, Chairman, Humanity+, Fellow, Institute for Ethics & Emerging Technologies ; Wesley J. Smith, Senior Fellow, Discovery Institute, special consultant for the Center for Bioethics and Culture; Sharon Gilbert, Biologist, Futurist ; Dr. Chuck Missler, Technologist, Founder, Koinonia House; Numerous other experts in fields of science, technology, bioethics, sociology, philosophy, and theology.

INHUMAN — PART ONE:  THE NEXT AND FINAL PHASE OF MAN IS COMING


The ability to tinker with our genes offers the astounding promise—and peril—of immortality, which mythically has been the defining difference between gods and mortals. It also offers the possibility of an even greater variety of breeds of humans than there is of dogs.
—Joel Garreau, Radical Evolution
The prospect of building godlike creatures fills me with a sense of religious awe that goes to the very depth of my soul and motivates me powerfully to continue, despite the possible horrible negative consequences.
—Prof. Hugo de Garis, artificial brain designer

In recent years, astonishing technological developments have pushed the frontiers of humanity toward far-reaching morphological transformation that promises in the very near future to redefine what it means to be human. An international, intellectual, and fast-growing cultural movement known astranshumanism, whose vision is supported by a growing list of U.S. military advisors, bioethicists, law professors, and academics, intends the use of genetics, robotics, artificial intelligence and nanotechnology (Grin technologies) as tools that will radically redesign our minds, our memories, our physiology, our offspring, and even perhaps— as Joel Garreau, in his bestselling book Radical Evolution, claims—our very souls.
Unfortunately for mankind, the technological and cultural shift now underway not only unapologetically forecasts a future dominated by a new species of unrecognizably superior humans, but an unfathomable war—both physical and spiritual—that the world is not prepared for. It will be fought on land, within the air and sea, and in dimensions as yet incomprehensible. Even now, the synthetic forces that will plot man’s wholesale annihilation are quietly under design in leading laboratories, public and private, funded by the most advanced nations on earth, including the official governments of the United States, France, Britain, Australia, and China, to name a few. As a result of progressive deduction, reasoning, and problem solving in fields of neurotechnology and cybernetics, strong artificial intelligence or “artilects” will emerge from this research, godlike, massively intelligent machines that are “trillions of trillions of times smarter than humans” and whose rise will prove profoundly disruptive to human culture, leading to a stark division between philosophical, ideological, and political groups who either support the newly evolved life forms as the next step in human and technological evolution or who view this vastly superior intellect as an incalculable risk and deadly threat to the future of humanity. These diametrically opposed worldviews will ultimately result in a preemptive new world war—what is already being described as gigadeath, the bloodiest battle in history with billions of deaths before the end of the twenty-first century.
For those who find the fantastic elements in the statements above implicative of science fiction or even future Armageddon as forecast in the ancient apocalyptic and prophetic books of the Bible, the catastrophic vision is actually derived from near-future scenarios, which leading scientists like Prof. Hugo de Garis (featured in the upcoming documentary INHUMAM), director of the Artificial Brain Lab at Xiamen University in China, outlines in his book, The Artilect War: Cosmists vs. Terrans: A Bitter Controversy Concerning Whether Humanity Should Build Godlike Massively Intelligent Machines, as unfolding due to exponential growth and development this century in grin technologies.
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“I believe that the twenty-first century will be dominated by the question as to whether humanity should or should not build artilects, i.e., machines of godlike intelligence,” de Garis says. “I see humanity splitting into two major political groups, which in time will become increasingly bitterly opposed, as the artilect issue becomes more real.”
Professor de Garis continues:
The human group in favor of building artilects, I label the “Cosmists” [to whom] building artilects will be like a religion something truly magnificent and worthy of worship.
The second human group, opposed to the building of artilects, I label the “Terrans” who will argue that allowing the Cosmists to build [artilects] implies accepting the risk, that one day, the artilects might decide that the human species is a pest. Since the artilects would be so vastly superior to human beings in intelligence, it would be easy for [them] to exterminate the human species.  
Thus to the Terrans, the Cosmists are far worse than the regimes of Hitler, Stalin, Mao or any other regime that murdered tens of millions of people in the twentieth century, because [this] time we are talking about the potential annihilation of the whole human species, billions of people.[i]

Professor de Garis continues in his book to describe how the work to build artilects is proceeding nonetheless with anticipation of its realization potentially close at hand. As a result, he falls asleep at night thinking about the godlike synthetic intelligence he and others are constructing. Sometimes his mind becomes enraptured of his creations with a sense of intellectual and spiritual awe. Then, waking up a few hours later in a cold sweat, he is jolted from bed by a horrific dream in which vivid scenes depict the slaughter of his descendents at the hands of the artificial deities.
Dr. de Garis is not alone in this fear, that what he and other research scientists are feverishly working toward could soon become a nightmarish predicament mankind will not survive. Because it is difficult, if not impossible, to accurately predict how strong artificial intelligence will actually affect the world, it is unclear whether humans will be viewed by the unnatural life forms as serving a purpose in a world dominated by super-intelligent machines or whether they will be weighed as lacking any practical function and therefore be considered expendable. It could be that we won’t even see the question coming. In other words, we may already be in the process of being lulled into subservience toward the rise of the machines. As the brilliantly insane Theodore Kaczynski, in his thirty-five-thousand-word paper, “Industrial Society and Its Future” (also called the “Unabomber Manifesto”), wrote:
As society and the problems that face it become more and more complex and machines become more and more intelligent, people will let machines make more of their decisions for them, simply because machine-made decisions will bring better result than man-made ones. Eventually a stage may be reached at which the decisions necessary to keep the system running will be so complex that human beings will be incapable of making them intelligently. At that stage, the machines will be in effective control. People won’t be able to just turn the machines off, because they will be so dependent on them that turning them off would amount to suicide.[ii]

Crazy or not, Kaczynski may be right in that man’s demise at the hands of machines will happen gradually, during which time we humans will become the proverbial frogs in the kettle set to boil. On the other hand, we are more likely to be reduced any day now in the blink of an enhanced eye to the status of domestic animals in the minds of artificial intelligence, as Technological Singularity—that magical future moment that many futurists and tech experts believe could be imminent—gives birth overnight to some version of the artilects, who suddenly come online as conscious, living super-minds, immensely more powerful than human beings.
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“As a metaphor for mind-boggling social change, the Singularity has been borrowed from math and physics,” writes Joel Garreau in Radical Evolution. “In those realms, singularities are the point where everything stops making sense. In math it is a point where you are dividing through by zero [and in physics it is] black holes—points in space so dense that even light cannot escape their horrible gravity. If you were to approach one in a spaceship, you would find that even the laws of physics no longer seemed to function. That’s what a Singularity is like.”[iii] Ray Kurzweil, who is credited with groundbreaking work in artificial intelligence and is, among other things, the co-founder of an interdisciplinary graduate studies program backed by Nasa known as the Singularity University, appreciates the comparison between the coming Technological Singularity and the physics of black holes:
Just as a black hole in space dramatically alters the patterns of matter and energy accelerating toward its event horizon, the impending Singularity in our future is [a] period during which the pace of technological change will be so rapid, its impact so deep, that human life will be irreversibly transformed. The key idea underlying the impending Singularity is that the rate of change of our human-created technology is accelerating and its powers are expanding at an exponential pace. Exponential growth is deceptive. It starts out almost imperceptibly and then explodes with unexpected fury.[iv]

In plain language, Abou Farman says Kurzweil’s work on the Singularity:
…analyzes the curve of technological development from humble flint-knapping to the zippy microchip. The curve he draws rises exponentially, and we are sitting right on the elbow, which means very suddenly this trend toward smaller and smarter technologies will yield greater-than-human machine intelligence. That sort of superintelligence will proliferate not by self-replication, but by building other agents with even greater intelligence than itself, which will in turn build more superior agents. The result will be an “intelligence explosion” so fast and so vast that the laws and certainties with which we are familiar will no longer apply. That event-horizon is called the Singularity.[v]

Kurzweil elaborates further on what the Singularity will mean:
Our version 1.0 biological bodies are frail and subject to a myriad of failure modes.¼ The Singularity will allow us to transcend these limitations. We will gain power over our fates. Our mortality will be in our own hands [and] the nonbiological portion of our intelligence will be trillions of trillions of times more powerful than unaided human intelligence.
We are now in the early stages of this transition. The acceleration of paradigm shift as well as the exponential growth of the capacity of information technology are both beginning to reach the “knee of the curve,” which is the stage at which an exponential trend becomes noticeable. Shortly after this stage, the trend becomes explosive. [Soon] the growth rates of our technology—which will be indistinguishable from ourselves—will be so steep as to appear essentially vertical.¼ That, at least, will be the perspective of unenhanced biological humanity.
The Singularity will represent the culmination of the merger of our biological thinking and existence with our technology, resulting in a world that transcends our biological roots. There will be no distinction, post-Singularity, between human and machine.[vi]

In 1993, critical thinking about the timing of the Singularity concerning the emergence of strong artificial intelligence led retired San Diego State University professor and computer scientist Vernor Vinge, in his often-quoted and now-famous lecture, “The Coming Technological Singularity,” (delivered at Vision-21 Symposium sponsored by Nasa Lewis Research Center and the Ohio Aerospace Institute), to add that when science achieves “the technological means to create superhuman intelligence[,] shortly after, the human era will be ended.”[vii] In contrast to Vinge, cyborgists like Kevin Warwick, professor of cybernetics at Reading University in England who endorsed de Garis’ book, believe Singularity will not so much represent the end of the human era as it will the assimilation of man with machine intelligence, like the Borg of Star Trek fame. This is because, according to Warwick, Technological Singularity will not occur as a result of freestanding independent machines, but inside human cyborgs where human-machine integration is realized and enhanced biology is recombined to include living brains that are cybernetic, machine readable, and interfaced with artificial neural networks where transhumans with amplified intelligence become so completely superior to their biological counterparts (normal humans) as to be incomprehensible—ultimately “posthuman.” The technology to accomplish this task is already well underway and is considered by researchers like Warwick to be one of the most important scientific utilities currently under employment toward man’s posthuman future. As a result of this bridge between technology and human biology being attained this century, nothing less than the wholesale redesign of humans, including genetic integration with other life-forms—plants, animals, and synthetic creations—will be realized. This vision—the borgification (marriage between biology and machine) of man—is supported in the 2010 “State of the Future” report by the global think tank, the Millennium Project, founded after a three-year feasibility study with the United Nations University, Smithsonian Institution, and the Futures Group International, where synthetic biologists affirm that “as computer code is written to create software to augment human capabilities, so toogenetic code will be written to create life forms to augment civilization.”[viii] Furthermore, as biotech, infotech, nanotech, and cognotech breakthroughs quickly migrate with appropriate synergies to create widespread man-machine adaptation within society, a “global collective intelligence system [hive supermind] will be needed to track all these science and technology advances,” the report goes on to say.
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Executive producer of the upcoming documentary INHUMAN, Tom Horn has personally debated leading transhumanist, Dr. James Hughes (who is also featured in the documentary by Tom), concerning this inevitable techno-sapien future on his weekly syndicated talk show, Changesurfer Radio. Hughes is executive director of the Institute for Ethics and Emerging Technologies and teaches at Trinity College in Hartford, Connecticut. He is the author of Citizen Cyborg: Why Democratic Societies Must Respond to the Redesigned Human of the Future, a sort of bible for transhumanist values. Dr. Hughes joins a growing body of academics, bioethicists, and sociologists who support:
Large-scale genetic and neurological engineering of ourselves…[a] new chapter in evolution [as] the result of accelerating developments in the fields of genomics, stem-cell research, genetic enhancement, germ-line engineering, neuro-pharmacology, artificial intelligence, robotics, pattern recognition technologies, and nanotechnology…at the intersection of science and religion [which has begun to question] what it means to be human.[ix]

Though the transformation of man to this posthuman condition is in its fledgling state, complete integration of the technology necessary to replace existing Homo sapiens as the dominant life-form on earth is approaching Kurzweil’s exponential curve. While today most people are talking about the powerful new gene-editing technique CRISPR, this idea is not new. A Reuters article dated November 9, 2009, titled “Scientists Want Debate on Animals with Human Genes,” hinted at just how far scientists had already come and how far they intend to go. The news piece started out, “A mouse that can speak? A monkey with Down’s Syndrome? Dogs with human hands or feet? British scientists want to know if such experiments are acceptable,” and it continued with revelations that scientists inside Britain are comfortable now with up to 50/50 animal-human integration. The article implied that not all the research currently under design is kept at the embryonic level, and that fully mature monstrosities (like the creature in the 2010 movie Splice) may be under study as “some scientists in some places want to push boundaries.” National Geographic magazine speculated in 2007 that within ten years (2017), the first of such human-animals would walk the earth, and Vernor Vinge agreed recently that we are entering that period in history when questions like “What is the meaning of life?” will be nothing more than an engineering question.
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2010 movie “Splice” depicts fully grown human-animal chimera

Most readers may be surprised to learn that in preparation of this posthuman revolution, the United States government, through the National Institute of Health, has steadily granted tax-payer monies to such institutions as Case Law School in Cleveland ($773,000) to develope the actual guidelines that are to be used for setting government policy on the next step in human evolution–“genetic enhancement.” Maxwell Mehlman, Arthur E. Petersilge Professor of Law, director of the Law-Medicine Center at the Case Western Reserve University School of Law, and professor of bioethics in the Case School of Medicine, led the team of law professors, physicians, and bioethicists over the two-year project “to develop standards for tests on human subjects in research that involves the use of genetic technologies to enhance ‘normal’ individuals.”[x] Following the initial study, Mehlman began offering two university lectures: “Directed Evolution: Public Policy and Human Enhancement” and “Transhumanism and the Future of Democracy,” addressing the need for society to comprehend how emerging fields of science will, in approaching years, alter what it means to be human, and what this means to democracy, individual rights, free will, eugenics, and equality. Other law schools, including Stanford and Oxford, are now hosting similar annual “Human Enhancement and Technology” conferences, where transhumanists, futurists, bioethicists, and legal scholars are busying themselves with the ethical, legal, and inevitable ramifications of posthumanity. More recently, as reported by SkyWatch TV, bioethicist Wesley J. Smith (also featured in INHUMAN) wrote how the White House—despite playing word games around gene-editing techniques—fully intends to manufacture GMO people.
Credit to Skywatchtv.com

How To Protect Yourself When The Economic Bubble Bursts

UN report on Gaza will further embed Israelis in their isolated bunker



Israel and its automatic defenders, from Prime Minister Benjamin Netanyahu on down, have come out all guns blazing against the United Nations Human Rights Council (UNHRC) report on last summer’s Gaza campaign. The report is hypocritical, biased, one sided, distorted, a capitulation to terrorist groups and a “rape of the truth”, as Netanyahu noted.

Very few people will be reading the report, anyway - including those who will be voicing very strong opinions about its contents. Israel bashers will maintain that it proves once and for all that the Israeli army is guilty of war crimes. Israel advocates will respond that it proves once and for all that the United Nations is morally bankrupt. Most people will make do with a few headlines and tweets.

That is a shame. As my colleague Amos Harel points out, the report issued by a commission of inquiry headed by former federal prosecutor and New York judge Mary McGowan Davis is no reprise of Cast Lead’s Goldstone Report. Whatever its flaws and shortcomings, it is far more disciplined and balanced. For that reason alone, its negative ramifications for Israel might be far greater.

For the few who will wade through its 183 pages, the report makes for harrowing reading. It devotes ample space and deference to Israelis suffering from rocket attacks, but its eyewitness accounts of the scenes of carnage in Gaza in the wake of Israel air force bombings in which entire families were wiped out will disturb even the most ardent justifier of Israeli actions. They are, in a word, atrocious.

“The ordinary response to atrocities is to banish them from consciousness,” Judith Herman writes in the book Trauma and Recovery, but that observation relates to people who had been exposed to the calamities in the first place. Last summer, the overwhelming majority of Israelis were spared the sights and sounds of the carnage in Gaza: Israeli media refrained from covering the suffering of Gazans while politicians and pundits maintained that it was unpatriotic to even discuss. The hardships and ordeals of Israelis cowering from rocket attacks, undeniable in and of themselves, were magnified tenfold while the misery of Gaza was not only downplayed but also depicted as well deserved.

Credit to Haaretz.com

12 Signs That The United States And China Are Moving Toward War


Image result for 12 Signs That The United States And China Are Moving Toward War

If the United States and China are supposed to be such “great friends”, why are both sides acting as if war is in our future?

Thanks to events in the South China Sea and the blatant theft of the personal information of millions of U.S. government workers, tensions between the United States and China are the highest that they have been in decades.

Most Americans typically assume that a real, actual shooting war between the U.S. and China could never possibly happen, but as you will see below the Chinese are actually spending a lot of time and money preparing for precisely such a conflict.

In fact, the Chinese are working feverishly to develop new offensive weapons systems that would only be used in such a war. Of course it is extremely unlikely that a military conflict between our two nations will happen in our immediate future, but without a doubt we are moving in that direction.

Initially, this will likely affect our trade relationship with the Chinese, but ultimately it could be much more than that. The following are 10 signs that the United States and China are moving toward war…

#1 China’s moves in the South China Sea have greatly angered Obama administration officials. Some of the islands that China has grabbed are also claimed by Malaysia, Vietnam, Taiwan, Brunei and the Philippines.

#2 In China, there is talk that a war may be necessary to defend China’s interests in the South China Sea. In fact, a newspaper that is a mouthpiece for the Communist Party actually stated that war with the United States “is inevitable” if the U.S. continues to insist that the Chinese must halt activities on those islands…

#3 The theft of the information of up to 14 million federal workers is being described as “an act of war“. At this point, the Obama administration appears convinced that this horrible act was committed by the Chinese government…

#4 China recently conducted a series of massive military exercises that simulated an attack against Taiwan. Since the U.S. is committed to protecting Taiwan, a real conflict of this nature would almost certainly involve the United States. The following comes from an article that was posted on janes.com…

#5 According to Paul Joseph Watson, thousands of Chinese merchant ships are being retrofitted for military purposes. The only possible conflict in which the Chinese military would need “thousands of merchant ships” would be a war with the United States…

#6 The Chinese have developed a “carrier killer” missile which was specifically designed to destroy U.S. aircraft carriers. There are some that have suggested that these new missiles may have made U.S. aircraft carriers obsolete…
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#7 The Chinese now have the capability of equipping their nuclear missiles with MIRV warheads. According to Bill Gertz, this has significantly equalized the balance of power between the U.S. and China…

#8 Of much greater concern than the MIRV warheads are the new hypersonic glide vehicles that China has developed. These ultra-high-speed missiles are capable of carrying nuclear warheads and represent a huge threat to the United States…

#9 The Chinese Navy is building a series of extremely quiet ballistic missile submarines.

#10 The Chinese have developed submarine-based nuclear missiles that could potentially reach all 50 states from the waters of Hawaii…
Image result for china submarine-based nuclear missiles

#11 At a time when the U.S. military is actually shrinking, Chinese military spending is increasing each year by double digits…

#12 The Chinese military is not the only one preparing for a war between our two nations. It turns out that the U.S. military has been conducting military exercises that are specifically geared toward simulating a conflict with China. The following comes from the BBC…

Yes, the Chinese have become exceedingly wealthy selling us goods. In the process, we have lost thousands of businesses, millions of jobs and we now owe the Chinese more than a trillion dollars. The Chinese never intended to have a balanced and fair trading relationship with us, because it has always been their plan to emerge as the sole, dominant superpower on the entire planet.

Once our debt-fueled economy collapses, the Chinese won’t have too much use for us anymore. Instead, we will just be a barrier in the way of their goal of total global domination.

If you don’t think that the Chinese view us in this manner, just read some of the white papers produced by the Chinese government and the Chinese military. They do not consider us to be a “friend” at all. Rather, they consider us to be an enemy that must ultimately be vanquished.

Credit to etfdailynews.com

http://etfdailynews.com/2015/06/22/12-signs-that-the-united-states-and-china-are-moving-toward-war/4/






Monday, June 22, 2015

Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015


Warnings - Public DomainNot since the financial crash of 2008 have so many prominent people issued such urgent warnings about a specific time period.  Almost daily now, really big names are coming out with chilling predictions about what they believe is going to happen during the second half of 2015.  But it isn’t just that these people have a “bad feeling” about things.  The truth is that we are witnessing a confluence of circumstances and events in the second half of this year that is unprecedented.  This is something that I covered in a previous article that went mega-viral all over the Internet entitled “7 Key Events That Are Going To Happen By The End Of September“.  Personally, I have never been more concerned about any period of time than I am about the second half of 2015.  And as you will see below, I am definitely not alone.
Just a few days ago, I received an email that contained a chilling message from Lindsey Williams.  You can view the same message that came to my email right here.  According to Lindsey Williams, the elite insider that he is in contact with told him that there will be a global financial collapse between September and December of this year…
WARNING!
From Lindsey Williams: I just received an email from my Elite friend.
My Elite friend indicated that they have a World Wide Financial Collapse scheduled between September and the end of December 2015
You may have just THREE (3) months to prepare!
I have a ton of respect for Lindsey Williams, and I would listen to what he has to say very carefully.  Back in 2008, an elite insider told him that the price of oil would drop from $140 a barrel to $40 a barrel, and it happened.  This time around, Williams has been telling us throughout 2013 and 2014 that a global financial collapse was not going to happen during those years, and he was right about that.
But now he is sounding the alarm that one is going to come by the end of this calendar year.
Martin Armstrong is someone else that has been sounding the alarm about the second half of this year.
In fact, Armstrong says that he has “warned that the Big Bang was coming 2015.75″ since 1985.
In the past, I have written entire articles about economic cycle theories and what they indicate is coming in our future.
Armstrong has developed one of his own, and he calls it the Economic Confidence Model.  According to the ECM, the “sovereign debt Big Bang” is scheduled to happen by the end of 2015.  And it turns out that the time period that Armstrong has been pointing to lines up with a whole bunch of other significant events as well…
There are many aspects that are lining up with the turn in the ECM (Economic Confidence Model) from the Blood Moon and the Jewish Year for forgiving the debts, to France imposing restrictions on cash in September, and even in Germany the laws that protected about half a million people so-called dachas there in East Germany expire. To date, a law protecting the tenant against dismissal by the municipality will also expire October 3, 2015. Everywhere we look, there are changes coming to a head, right down to the U.S. Federal budget with 2015.75.
In case you are tempted to dismiss this as nonsense, Armstrong has pointed out that his ECM has been accurate “to the day” in the past…
Of course the 1987 crash bottomed to the day with the ECM confirming that was the low. The same took place in 1994 where the U.S. share market bottomed right to the day, once again confirming this was an important low.
So will the ECM be right again this time?
Only time will tell, but it should be noted that the global bond market is already starting to crash.  If Armstrong ultimately turns out to be correct, we could be on the verge of a major turning point…
This next turning point should be the peak in the concentration of capital and confidence in government. From there on out, 2015.75 should mark the change in trend where people will start to disbelieve government on a grand scale. The debt markets that peak precisely with the target are going to get the worst of it.
Other financial experts are issuing similar warnings, even if they aren’t being quite as specific.
For example, just consider what Jim Rogers had to say recently…
I suspect in the next year or two we will see some kind of major, major problems in the world financial markets.
I would suspect when we have this correction, it’s going to cause central banks to panic. There’s going to come a time when there is not much the central banks can do when they have lost all credibility. When governments have lost all credibility. They will print and spend and borrow, but there comes a time when people are just going to say We don’t want to play this game anymore. And at that point, the world has serious, serious problems because there’s nothing to rescue us.
Perhaps the most sobering warning of all that I have come across in recent days is from Alex Jones.
In the video posted below, he explains that he recently received “two different calls” from “extremely prominent wealthy people” warning him about what is coming by the end of this year and asking him why he isn’t leaving the United States “before October”.
In other words, these individuals believe that something really big is going to happen by the end of September.  This dovetails perfectly with what I have already been warning about.
In this video, Alex also explains that large numbers of insiders are now quietly leaving the country.  I have never seen him quite like this.  I think that so many of us are just in shock that the things that we have been warning about for so long are now actually happening.  Watch this video for yourself and see what you think…
In the financial markets, we are also seeing signals that many people believe that big trouble is right around the corner.  For instance, according to Dana Lyons we haven’t seen bets that the VIX will rise at this level since just before the financial crash of 2008…
As most observers are aware, the VIX tends to rise as the stock market declines. Thus a rising VIX is associated with bad markets. The interesting thing about present conditions in VIX options is that the Put/Call Ratio (using a 21-day average) is at the lowest level since the summer of 2008. That means that there are more bets on a rising VIX versus bets on a falling VIX than we have seen in 7 years. And again, a rising VIX is associated with bad markets.
In other words, investors are betting a tremendous amount of money that we are going to see a rise in volatility in the financial markets in the months ahead.  And as I have explained so many times before, during times of high volatility markets tend to go down very rapidly.  So these bets will pay off very handsomely if there is a financial crash this fall.
Meanwhile, the manager of one of the largest bond funds in the UK is warning that a “systemic event” could soon hit global financial markets and that it is wise to have some “physical cash” at home just in case there is some sort of major emergency.  The following comes from Zero Hedge…
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.
“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money.
The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager.
This sounds like what I have been saying for years.  I am a big believer in not having all of your financial eggs in one basket, and I do believe that it is wise to have at least some emergency cash at home.
But to hear it from a member of Britain’s financial elite is definitely unusual to say the least.
Sadly, just like last time, most people are not listening to the warnings.  Back in the summer of 2008, my wife and I went up to visit her parents.  I sat on their sofa and told them that a great financial collapse was about to unfold and that it would shake the entire world.  Of course just a few months later that is exactly what happened.
Now we are on the verge of an even greater financial collapse, and still I find that there are a lot of people out there that are doubters.  Most of these doubters have an immense amount of faith in the system, and they are confident that this debt-fueled bubble of false prosperity that we are currently enjoying can somehow last indefinitely.
I truly wish that the hopeless optimists were right.
I truly wish that I could live out my days in peace and quiet in a world that was safe and stable.
Unfortunately for all of us, things are about to change in a major way.  When it starts happening, don’t forget that there have been people that have been warning you that this would happen all along.
Credit to Economic Collapse

EU Extends Sanctions Against Russia till 2016

Image result for eu against russia

The European Union voted to extend its economic sanctions against Russia for another six months, the EU news officer for foreign affairs, Susanne Kiefer, told international news media Monday.

The sanctions are being maintained until January 31, 2016, “with a view to complete implementation of Minsk agreement,” she wrote on Twitter.

Switzerland is not formally a part of the European Union but is expected to follow its lead on the sanctions against Russia, according to the Russian RT.com news website.

Foreign ministers meeting in Luxembourg decided on sanctions that were originally imposed in response to Russia’s seizure of the Ukrainian peninsula of Crimea, and its military support of separatists in eastern Ukraine.

The sanctions include restrictions on lending to major Russian government-owned banks as well as defense and oil firms.

In addition, the EU imposed restrictions on the supply of weapons and military equipment to Russia as well as military technology, dual-use technologies, high-tech equipment and technologies for oil production.

No sanctions have been imposed against Russia’s natural gas industry, however.

In response, Russian presidential spokesperson Dmitry Peskov told reporters that although “It wasn’t Russia who began the restrictive measures in the first place, the Kremlin would answer in kind.

“The policy of sanctions harms not only business activity in Russia but European taxpayers as well,” Peskov said.

Credit to The JewishPress.com

For The First Time Ever, Total ECB Claims On Greek Banks Surpass Total Greek Deposits




If it seems like it was only yesterday (in trading days) when the ECB boosted its latest Greek ELA by €1.8 billion to a record high €85.9 billion, it's because it was. 
Fast forward to Monday morning, when following a Friday bank run which sucked out another €1.6 billion coupled with another €1.6 billion withdrawn over the weekend and today, and perhaps the only question is why did the ECB not hike its latest "emergency" ELA disbursement more than just another €1.9 billion to a new record high of €87.8 billion: after all it will have no choice but to increase its emergency liquidity for Greece's increasingly more insolvent banks (because the collateral against which the ECB is lending after a modest haircut would be worth precisely zero if the ECB were to pull its backstop to the Greek banking system) tomorrow, or else engage Goldman's plan B in which a Greek terminal bank run ends up in a default and as a result the ECB proceeds to boost its QE to "regain credibility", send the EUR plunging (to assist the internal revaluation), and assure another year of record bonuses for Goldman. 
This is how the now daily ELA increases have looked like for Greece since the arrival of the Syriza government:

But perhaps what is even more important is that net of the latest ELA increase, when adding some €38 billion in collateralized EFSF bonds and other collateral usage, we find that we have not only reached parity but crossed it: as of this moment Greek deposits, which are generously estimated at €120 billion but in reality are lower, are less than the total ECB claims on Greek banks and the Bank of Greece, amounting to €126 billion. 

Why is this important? Because if overnight the ECB says "no more", and pulls a Cyprus, forcing Greek banks to procure liquidity in other ways, those Greek "assets" which have collateral value only because the ECB is backstopping them (and which would fetch at most pennies on the dollar once all Greeks stop paying their interest expense on outstanding debt in a default situation), then suddenly the reality of a Greek bail-in which could amount to up to 100% of total Greek deposits, becomes all too real. 
Will the ECB use such a scorched earth approach, one which could potentially wipe out virtually all Greek deposits in the biggest "bail in" in history? For the sake of the Greek people, we certainly hope not but then again there are those record Goldman bonuses to think of, and remember: the ECB does not a catalyst to boost QE even more...
Credit to Zero Hedge