Remain calm all is well

Facts do not cease to exist because they are ignored.” – Aldous Huxley

I woke up this past Saturday morning and opened my local paper to find out that all was well. An Associated Press article declared a healthy jobs market, fantastic auto sales, a surging housing market, and a stock market rocketing to new all-time highs. What’s not to love? If the mainstream media says the economy is as good as new, it must be so. Why should we let facts get in the way of a good storyline? The stock market has surged to 2007 highs, so the country’s employment situation must be strong.

The chart above tells a slightly different story. The S&P 500 has regained almost all its losses since October 2007 as Bernanke and Washington politicians chose to save Wall Street and screw over Main Street. The working age population has risen by 12.8 million since 2007 and there are 4 million less Americans employed. The December Household Survey from the BLS being touted by the mainstream media as proof of a jobs recovery told a slightly different story:  

• The number of unemployed Americans went up by 126,000 in one month
• Another 169,000 Americans left the workforce evidently because their stock market gains made them wealthy.
• There are 250,000 more Americans unemployed than there were in September 2012.
• There are 6,000 less Americans employed than there were in October 2012.
• The unemployment rate reported to the masses went up to 7.9% (the true rate reached 23%).

This is just the picture over the last few months. The picture since 2007 is beyond horrific, as more than 10 million Americans have left the workforce. Everyone knows people willingly leave the labor force when the economy crashes and their net worth is reduced by 30%. Who needs a paying job then? Just because there are 101 million working age Americans not working and the labor participation rate of 63.6% is at a three decade low, certainly doesn’t mean we aren’t experiencing a tremendous jobs recovery, according to the mainstream media.   

The deep thinkers at CNBC, Fox, CNN and the rest of the captured corporate status quo mouthpieces, propagate the false storyline that the reason for Americans leaving the workforce is Baby Boomers retiring. Considering the average Boomer has $90,000 of total savings and 28% of them have less than $1,000 saved, I suspect there are few willingly leaving the workforce. The Boomers have taken on 4 million additional jobs since the low point in 2009, while the 16 to 54 year olds have lost an additional 2.9 million jobs. Does this reflect a strengthening jobs market? Does the fact that real hourly wages have fallen for the last two years reflect an improving labor market?  

Inquiring minds might wonder how auto sales could be booming when there are 4 million less employed Americans and real wages are falling. Of course, mainstream media faux journalists aren’t paid to inquire, think critically, or even think at all. They are paid to regurgitate propaganda designed to keep the masses sedated and ignorant. The “fabulous” rebound in auto sales has been buoyed by the return of easy money lending, even to deadbeat borrowers with lousy credit histories. There is a reason the Federal government hasn’t attempted to spin off their 80% control of Ally Financial (aka GMAC, Ditech, Rescap). The Feds are attempting to manufacture a recovery by doling out subprime auto loans to anyone who can scratch an X on a loan document and offering 0% loans over 7 years to good credits. How exactly does a finance company generate a profit by making 0% loans for seven years and approving loans to people with no means of paying them back? Experian recently noted that 44% of ALL auto loans have been to subprime borrowers over the last year. When a financing company doesn’t have to worry about profits or loan losses, everyone gets a Cadillac Escalade. The losses on these subprime loans will be in the billions when the next leg down in this Crisis hits. The taxpayer will unknowingly pick up the tab, just as they have been doing for the last five years. The trend in this chart is nothing but a Federal government induced fraud.

 

PhD in Stupidity

The Federal government induced sham auto recovery is small peanuts compared to the bubble they are blowing in the higher education realm. Since the Federal government took over 85% of the student loan market in 2009, the debt outstanding has surged to over $1 trillion from below $600 billion. The Feds don’t care about credit risk or loan losses. You’re on the hook for the losses. The purpose for doubling the amount of student loans was to artificially lower the unemployment rate by removing as many people from the labor force as possible. The 600,000 University of Phoenix enrollees getting their on-line master’s degrees in basket weaving while sitting in their mother’s basement, subsidized with $20,000 loans from the taxpayer, didn’t count as unemployed.

Enrollment in these diploma mills has begun to plunge, as the scam has been revealed. The New York Times reported that:

“Enrollments at the University of Phoenix and in the for-profit sector over all have been declining in the last two years, partly because of growing competition from other online providers, including nonprofit and public universities, and a steady drumroll of negative publicity about the sector’s recruiting abuses, low graduation rates and high default rates … including many charges that the schools enrolled students who had almost no chance of succeeding, to get their federal student aid.”

Enrolling students who have no chance of graduating is exactly what the Obama Administration and the status quo want.

Based upon the chart below you would think the United States is producing the brightest bunch of young people in U.S. history. Nothing could be further from the truth. Only 43% of the 1.66 million private and public school students who took the college-entrance exam posted scores showing they are prepared to do well in college, according to data released by the College Board, the nonprofit group that administers the SAT. The SAT data mirror scores from the ACT college-entrance exam which showed about 75% of students failed to meet college-readiness standards. If SAT scores are at decade lows, how could college enrollment be at record highs? Our government controlled public school system is graduating functionally illiterate dullards and the government is then subsidizing these subprime students as they matriculate into substandard colleges across the land.  Approximately 3.4 million seniors are graduating from our high schools every year. The 1.66 million seniors who took the SAT exam are the cream of the crop. If the 50% of students who took the SAT exam could score so pitifully, imagine how dimwitted the 50% of students who didn’t even take the exam must be.  The upshot of these tests are that only 700,000 of all the graduating high school seniors (21%) are capable of getting a B minus or above in college.

Think about that for one second. Only 21% of all graduating high school seniors are intelligent enough to get a B minus in college, but 70% of them are enrolling in college. Of course enrolling in college and graduating college are two different things. Only 30% actually graduate college. The other 40% get drunk, fornicate, sleep late, fail, rack up gobs of debt, and then drop out. There are approximately 13 million 18 to 24 year olds enrolled in college today and at least 6 million of them have little to no chance of graduating. If the Federal government was not subsidizing them with loans, they would rightfully be looking for jobs geared to their intellectual capabilities. Would tuition rates be soaring if there were 6 million less drones matriculating into one of the 4,000 mostly mediocre higher learning institutions in this country?

 

The Federal government bureaucrats who think they can control the levers of finance to steer our economy to greater heights are creating a new subprime bubble. The absolute implosion of the for profit diploma mills, that have fed like bloated pigs at the Federal loan trough, is the Bear Stearns moment for the massive student loan losses that will be foisted on the shoulders of the American taxpayer. The deceptive schemes, fraud, and financial aid manipulation practices of the publicly traded diploma mills – Corinthian Colleges (down 90%), ITT (down 90%), Apollo Group (down 80%) and DeVry (down 60%) have been revealed, as their ill- gotten profits have evaporated and their stock prices have crashed. Enrollment at the king of worthless online degrees, the University of Phoenix, has plunged from 600,000 to 400,000 and they are closing 115 of their 227 campuses. The proof that much of the student loan bubble has been created by these for-profit shysters can be seen by the fact that 60% of all student loans are owed by people over 30 years old, with 33% owed by people over 40 years old. These people bought into the re-training fallacy perpetuated by government drones and mainstream media mouthpieces.

But still the Federal government continues to blow the bubble bigger and bigger as non-revolving consumer debt has reached all-time highs. Peter Thiel recently compared this bubble to the housing bubble we are still dealing with:

“We have a bubble in education, like we had a bubble in housing…everybody believed you had to have a house, they’d pay whatever it took. Today, everybody believes that we need to go to college, and people will pay– whatever it takes. There are all sorts of vocational careers that pay extremely well today, so the average plumber makes as much as the average doctor. I did not realize how screwed up the education system is. We now have $1 trillion in student debt in the U.S. Cynically you can say it’s paid for $1 trillion of lies about how good education is.”

Delinquency rates have already begun to skyrocket as the diploma mill scam implodes, dropouts can’t make loan payments with their EBT cards and even graduates from legitimate colleges are stuck waitressing at TGI Fridays and can’t make their payments. Millions of millenials are ensnared in the chains of debt servitude, with no chance of escape. 

Delinquency rates on student loans made in the past two years stand at 15%, according to FICO, versus 12.4% for loans made from 2005 to 2007. This is proof that loans doled out since the Federal government took control of the market have been distributed willy-nilly in a frantic effort to artificially reduce the unemployment rate. Average student- loan debt last year rose to $27,253 from $17,233 in 2005, with almost 605 of bank managers surveyed in December expecting delinquencies to worsen in six months, according to FICO. Andrew Jennings, chief analytics officer of Fair Issac, said in a statement:

“This situation is simply unsustainable and we’re already suffering the consequences. When wage growth is slow and jobs are not as plentiful as they once were, it is impossible for individuals to continue taking out ever-larger student loans without greatly increasing the risk of default.”

When subprime mortgages blew up, at least there was collateral to alleviate some of the losses. When the subprime auto loans blow up, at least there will be vehicles to repossess. Student loan debts are the ultimate in subprime, with no collateral and millions of jobless debtors. The situation is much worse than the delinquency numbers reveal. More than half of the student loans are in deferment, grace periods, or forbearance, meaning they are not currently requiring repayment. This means the true delinquency rates are twice as high as the reported figure of 15%. What happens next can be succinctly summed up by the esteemed economist John Kenneth Galbraith:

 “Then the shit hit the fan.” – John Kenneth Galbraith

The involuntary taxpayer bailout for this Federal Government created disaster will exceed $200 billion after the shit is done hitting the fan.

Do You Want Pepperoni on that Housing Recovery?

Everywhere I turn I’m hearing about the strong housing recovery that is propelling our economy, generating jobs and spurring a resurgence in retail spending by the millions of deleveraged consumers. Wall Street paid economists on CNBC, NYT economic “journalists”, and even the Fox News blond bimbo brigade all assure me the housing market is in a strong recovery and it’s the best time to buy. There are just two small problems with the story. None of the propaganda spouted by the mouthpieces of the kleptocracy is supported by the facts. And what little uptick in sales and prices that has occurred is due to collusion, fraud and manipulation by Wall Street, the Federal Reserve, the Treasury Department, and connected crony corporate interests.

I challenge anyone to show me the tremendous housing recovery on the new home sales chart below. New homes sales have “surged” to an annual pace of 369,000, only 74% below the 2006 peak and about 50% below the long term average. New home sales fell in December at the fastest rate since February 2011. Existing home sales also fell in December, are pacing at 1999 levels, and are still 30% below 2006 levels. In a country of 115 million households, with mortgage rates at all-time lows, there were a total of 26,000 new homes sold in December, and only 10,000 of them were actually built. For some perspective, new home sales are at the same level as they were in 1967 when the U.S. population was 200 million.  

The kleptocrats’ master plan has multiple dimensions designed to lure unsuspecting dupes back into the market. The Federal Reserve has bought over $1 trillion of toxic mortgage debt, freeing the criminal Wall Street banks to start raping the American public again. Bernanke has driven mortgage rates to near all-time lows by tripling his balance sheet, with promises to quadruple it before the end of the year. By driving real interest rates below zero Bernanke has the dual purpose of driving people into the stock market for a positive return and luring “investors” into the housing market.

The Wall Street part of this grand scheme has been to delay the foreclosure process on millions of homes, thereby restricting the amount of inventory on the market. By artificially creating an inventory “shortage”, they have been able to drive prices higher, with the purpose of trying to get the 25% of underwater homeowners back to breakeven. The Treasury Department, through their captured entities (Fannie, Freddie, FHA) are guaranteeing 95% of all mortgages, with the FHA requiring only 3.5% down payments, with the hundreds of billions in  present and future losses being incurred by the American taxpayer. You’ve heard of the cycle of life. This is the government cycle of fraud.

The last part of the plan has been to lure investors into the market. Fannie Mae and Freddie Mac have sold huge blocks of foreclosed homes to connected friends of Wall Street at below market rates so they could convert them to rental properties. This has further artificially reduced inventory available for sale, and jacked up prices by as much as 20% in the former bubble markets of Phoenix, Las Vegas and California. Investors and flippers account for 30% of all home sales, with another 24% of home sales listed as distressed sales. Sure sounds like a healthy market to me. With this full court press by the powers that be to produce a housing recovery, the chart below reveals the utter ineptitude of their effort. Real home prices, even using the fake government manipulated CPI, have barely budged from their lows and sit at 1990 levels. Real home prices are still down 40% from their 2006 highs.     

If a true housing recovery was underway how could mortgage purchase applications be at 1997 levels? If housing was recovering there would be more mortgage applications. It really is that simple. Do supposed journalists have any critical thinking skills or are they just playing their assigned role in this kleptocracy?

Essentially, the kleptocrats’ primary purpose has been to protect and enhance the wealth of the oligarchs that control Wall Street, Washington DC, and corporate America. They have achieved their goal, while destroying the middle class and sentencing unborn generations to a life sentence of debt servitude.

If we have been experiencing a solid jobs recovery, strong automobile sales, a resurgence of consumer spending, and rising home sales and home prices, how could GDP be negative in the 4^th quarter? The mainstream media immediately declared it the best negative GDP of all-time. They pompously declared that GDP would have been positive if government defense spending hadn’t plummeted. These disgraceful excuses for journalists failed to mention the huge surge in government and defense spending in the 3^rd quarter just prior to the presidential election that accounted for a 3.1% GDP and helped get Obama re-elected. A less trusting person than myself might question why the surge in government spending prior to the election.

Did the mainstream media government mouthpieces question the absolutely laughable 0.60% inflation rate used to calculate the 4^th quarter GDP? No they didn’t. That wouldn’t support their storyline of recovery. Using even the bastardized CPI figure of 2.0% would have produced a -1.5% GDP figure. Using real inflation figures over time reveals what every middle class family in America knows in their bones – the economy has essentially been in recession since the early 2000s. The massive dose of debt issued by the government has masked the true nature of our economic decline.   

 

All is not well. Any awake and aware citizen knows the economic, financial, societal and social fabric of this country is in tatters, and is getting progressively worse by the day. Since this supposed economic recovery began in mid-2009, the country has added 4 million jobs, more than 100% of which went to workers over the age of 55, forced into the workforce by Bernanke’s zero interest rate policy. Over this same time frame of economic recovery, 16 million Americans went on food stamps. How could this possibly happen if the economy has been recovering? Either the government and mainstream media are lying about the economic recovery or the Obama administration has been fraudulently encouraging people to go on food stamps to win votes in elections. Which of these truths is more palatable to your sensibilities?     

It comes down to this. The monied interests, high financiers, corporate interests, captured politicians, government apparatchiks, and corporate media have a vested interest in maintaining the corrupt and destructive status quo. They have become rich and powerful through their manipulation of the currency, ravenous sacking of the national wealth, destruction of the working middle class, and ability to use mass media propaganda to convince the willfully ignorant masses to learn to love their debt servitude. Our once proud, liberty minded, self-sufficient nation of freedom loving individuals has devolved into a kleptocracy,  where a small cadre of powerful men run the show solely to increase the personal wealth and political power of officials and the ruling class at the expense of the wider population. They are essentially running a state sponsored embezzlement and Ponzi scheme to pillage the wealth of the dumbed down, sedated, technologically distracted masses. Our entire system has been captured and we are entering the final stages of decay and ultimately a day of reckoning where the guilty and innocent alike will suffer the awful consequences of currency collapse, death and destruction on a wide scale, and likely civil and world war.

 “The Fed is now engaged in a control fraud, and what appears to be racketeering in conjunction with a few big investment banks. They may have entered into it with good intentions, but they seem to have been turned towards deceit and corruption. This is not an historical event, but an ongoing theft in conjunction with a number of Wall Street banks, and politicians whom they have paid off through a corrupt system of campaign financing and influence peddling. This is nothing new in history if one reads the un-sanitized version. But people never think it can happen today, that somehow yesterday things were different, as if one is looking at some distant, foreign land. This is a facet of the illusion of general progress.

We are now in the cover-up stage of a scandal, similar to Watergate when the White House was stone-walling. The difference is that the corruption and capture of the government is much more pervasive now, and includes a significant portion of the mainstream media, so meaningful reform is difficult. Most of what has transpired so far has been designed to distract and placate the people in their righteous anger. The Fed deceives the Congress and the public, turns a blind eye to glaring conflicts of interest, and is essentially debasing the currency while transferring the wealth of the nation to their cronies. And still the regulators do not enforce the laws they have, and Washington drags its feet while accepting buckets of cash from the perpetrators.” – Jesse

The entire system is corrupt to its core. Both political parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream media are participants in this enormous fraud. They grow more desperate and bold by the day. The lies, misinformation and propaganda being spewed on a daily basis become more outrageous and audacious. They are using the Big Lie method on a grand scale. They frantically need to lure the muppets into the stock market and the housing market to keep the game going a little longer. You can sense we are reaching a tipping point. The system they have created is mathematically unsustainable. Therefore, it will not be sustained. The world is going mad. Governments across the globe are all trying to out debase each other. Austerity and inflation for the peasants and caviar and champagne for the Davos class is the chosen path. All is not well. Ben Bernanke and the oligarchs running the show will be immortalized in history books forever when this farce comes to a spectacular conclusion.   

 “If all else fails, immortality can always be assured by spectacular error.” –John Kenneth Galbraith

Zero Hedge

Virginia To Establish Its Own Currency?

Virginia is one step closer to breaking ties with the country's monetary system.

A proposal to study whether the state should adopt its own currency is gaining traction in the state legislature from a number of lawmakers as well as conservative economists. The state House voted 65-32 earlier this week to approve the measure, and it will now go to the Senate.

While it’s unlikely that Virginia will be printing its own money any time soon, the move sheds light on the growing distrust surrounding the nation’s central bank. Four other states are considering similar proposals. In 2011, Utah passed a law that recognizes gold and silver coins issued by the federal government as tender and requires a study on adopting other forms of legal currency.

Virginia Republican Del. Robert Marshall told FoxNews.com Tuesday that his bill calls for creation of a 10-member commission that would determine the “need, means and schedule for establishing a metallic-based monetary unit.” Essentially, he wants to spend $20,000 on a study that could call for the state to return to a gold standard.

Read more: http://nation.foxnews.com/virginia/2013/02/06/virginia-establish-its-own-currency#ixzz2KDxztX6Q

Iran’s Supreme Leader Khamenei rejects U.S. offer of talks

Iranian supreme leader Ayatollah Ali Khamenei rejected Thursday a U.S. offer to negotiate one-on-one on Tehran’s disputed nuclear program so long as Washington continues to impose sanctions on Iran.

“You (Americans) want to negotiate when you are pointing the gun at Iran. The Iranian nation will not be intimidated by such actions,” Khamenei told air force commanders, according to excerpts of his speech posted on his website.

“Some rejoice at the offer of negotiations ... (but) negotiations will not solve anything,” he said.

The all-powerful Khamenei has final say on all key issues in the Islamic republic, including Iran’s sensitive nuclear activities and foreign policy.

His remarks came in response to an offer put forward by US Vice President Joe Biden to engage Iran directly to resolve the nuclear case.

Al Arabiya News

The “gospel” of the 21st century

I was at the grocery store the other day when I was unexpectedly confronted with an adult-oriented magazine located right next to the vitamin section. I immediately had to look away from the front cover, which featured a scantily clad, seductively posed, sex symbol. Yet it was only a few weeks ago that Iread an article about how this same sex symbol loves to speak in tongues and has to restrain herself from outbursts in tongues while attending church services. What?

This is actually a perfect illustration of American charismatic Christianity, where you can say you love Jesus (like the rapper “The Game” claims to do) and still frequent strip clubs (as “The Game” still does), or where you can flow in the gifts of the Spirit and become a made-for-TV preaching sensation, only to announce that God told you that you married the wrong woman, leading to a quick divorce and remarriage.

Yes, this is the “gospel” of the 21st century, “Spirit-filled” church of America, where the cross is bypassed, denial of the flesh is scorned, purity is called legalism, and anything goes if it feels good.

It is the “gospel” of self, in which Jesus dies to make you into a bigger and better you, a “gospel” in which God is here to serve you and help you fulfill your dreams, and where the measure of all things is not how God feels about it but how you feel about it (or how it makes you feel).

Back in the late 1950s (as I recounted in my 1990 book How Saved Are We?) there was a notorious gangster named Mickey Cohen. He attended a Billy Graham meeting in Beverly Hills, and although he expressed some interest in the message, as revival historian J. Edwin Orr explained, Cohen “made no commitment until some time later when another friend urged him, using Revelation 3:20 as a warrant, to invite Jesus Christ into his life. This he professed to do, but his life subsequently revealed no evidence of repentance, ‘that mighty change of mind, heart and life’ [as defined by Richard Trench]. He rebuked [his] friend, telling him: ‘You did not tell me that I would have to give up my work,’ meaning his rackets; ‘You did not tell me that I would have to give up my friends,’ meaning his gangster associates. He had heard that so-and-so was a Christian football player, so-and-so a Christian cowboy, so-and-so a Christian actress, so-and-so a Christian senator, and he really thought that he could be a Christian gangster.”

Today, in some charismatic circles, you can be a Christian gangster—or, at least, a tongue-talking, seductive starlet, or a Christian lingerie model, or a strip-club-attending, Jesus-speaking rapper, just to mention a few. After all, as we are reminded day and night, “Who are you to judge?”

Actually, what Jesus taught was that we should not judge hypocritically or superficially or unjustly and that we should not condemn. But Jesus also said, “Do not judge by appearances, but judge with right judgment” (John 7:24). The Lord commands us to judge, as long as we do it rightly.

Paul taught the very same thing, writing to the Corinthians, “not to associate with anyone who bears the name of brother if he is guilty of sexual immorality or greed, or is an idolater, reviler, drunkard, or swindler—not even to eat with such a one. For what have I to do with judging outsiders? Is it not those inside the church whom you are to judge?” (1 Cor. 5:11-12)

Why is it that everyone seems to know the words, “Judge not” (Matt. 7:1), but very few seem to know—or care about—the divine call to judge those “inside the church” (meaning those who profess to be followers of Jesus)?

Without a doubt, only the Lord knows who is saved and who is not. But the Word makes things very simple for us, outlining God’s part and our part: “But God’s firm foundation stands, bearing this seal: ‘The Lord knows those who are his,’ and, ‘Let everyone who names the name of the Lord depart from iniquity.’” (2 Tim. 2:19) There you have it! To quote the words of John, “No one born of God makes a practice of sinning, for God’s seed abides in him, and he cannot keep on sinning because he has been born of God” (1 John 3:9). Could God make himself any more clear?

Unfortunately, as Orr noted years ago, “Many have sadly forgotten that the only evidence of the new birth is the new life,” and the Scriptures make perfectly clear that if we profess to follow Jesus with our lips but do not follow Him with our lives, we do not belong to Him. (I’m not talking about momentary lapses in our walks with the Lord or about serious mistakes that we make, only to reject and renounce them. God’s mercy and forgiveness are great. I’m talking about the consistent, willful pattern of our lives. Are we following Jesus or not?)

It’s time to say goodbye to this watered-down, sin-excusing, so-called gospel that offers everything and calls for nothing. It’s time to get back to the cross and back to the truth. Otherwise, as America collapses in a heap of amoral ruin, the soft preachers of America will be largely to blame.

Charisma News

The Presidential Inaugural Prayer Breakfast Guest Speaker Rabbi Jonathan Cahn.

You only think you know what's coming...EXO-VATICANA (Part No.11)

In the mid 1970s, Tom Horn and his wife, Nita, were crossing the Scholes Mountain on their way to Aloha, Oregon, to visit with Nita’s mother, when suddenly, a brightly colored object moved erratically across the sky and caught their attention.

At first, Tom thought it was a reflection on the windshield, the sun, or something creating light echoes on the glass. Then, as he watched, he realized he was seeing a solid, three-dimensional form. The thing was silvery, very bright, and circular, as best he could tell. It must have been at an altitude over fifteen thousand feet, and it was doing things known aircraft cannot do—shooting around at a phenomenal rate of speed, abruptly stopping, rocketing this way, then that, with hard-angle turns. He looked at Nita and pointed.

“Do you see that? What is that?”

It was the middle of the day, and she had seen it, too. Whatever they were watching, it was bright enough that they had no problem keeping it in view until they could stop the car. They got out and observed the phenomenon for another thirty seconds to a minute before it shot miles across the sky and stopped on a dime, then abruptly zoomed upward out of sight at an incredible rate of speed.

“What in the world did we just see?” Tom asked. Like him, Nita didn’t have a clue. Spooky space effect in broad daylight? Top secret experiment? Angel? Demon? No idea.

As they got back in the car and continued on their way, they decided not to say anything to anybody.

“They’d think we were hallucinating,” they decided.

But the next morning, they were amazed to see Salem, Oregon’s top newspaper, The Statesman Journal, featuring a front-page article about how hundreds of people from across Washington and Oregon had seen a “UFO” the day before.

As it turns out, Tom and Nita are not the only Christians to have seen an Unidentified Flying Object. What follows are the testimonies of three other well-known and respected Bible teachers. We begin with the executive director of the popular Christian television program Prophecy in the News. Gary Stearman’s story is additionally important due to his family’s background in aircraft, plus Gary’s personal experience as an experienced pilot of many air hours. (The Stearman family’s Model 75 “Kaydet” was so popular during World War II that it was made the primary trainer aircraft for the US military. In 1934, Boeing purchased Stearman Aircraft and turned it into a subsidiary, and in 1989, Lloyd Stearman, the family member who started the Stearman Aircraft Corporation in 1927, was inducted into the National Aviation Hall of Fame in Dayton, Ohio.)

Gary gave us permission to publish his story just as he told it in 2011.

Gary Stearman: The Story I Never Told…Until Now



The following is a story that I’ve never publicly related. Except for a handful of people I’ve told over the last four decades, it has been my secret. Nevertheless, it is a true story that played a large role in the development of my thinking. Ultimately, it caused me to come to a deep belief in the absolute veracity of Scripture. As I relate the experience, I’m delivering a personal testimony, accompanied by a deep desire to sound a warning and to issue a challenge to Christians everywhere.

As a Bible-believing Christian, I hold to the conviction that the Tribulation period lies in our near future. According to prophecy, this time will be heralded by the release of dark spiritual forces, posing as saviors of planet Earth. Soon, the restraining effect of God’s Spirit will be lifted from this planet and hell, itself, will be released to torment mankind.

When the Age of the Church comes to an end, these forces will convince many that they are presenting the super-scientific solution to man’s problems. Instead, they will enthrall a gullible mankind into bondage and spiritual deceit. “Aliens from outer space,” is their camouflage in our present age.

Their current message to mankind is, “Let us help you overcome your warlike, polluting ways, and build a bridge to future peace.” That message is the oldest lie on earth, spawned by their chief scientist/sociologist, Satan. As long as we remain here, Christians must endeavor to expose these dark spirits for what they really are.

Now to the Story.

As part of an aviation-oriented family, I was literally raised around airplanes from my earliest childhood. I was an airport brat when my father managed an airport. I determined to get my pilot’s license at the earliest possible date…which I did as a teenager. I’m telling you this just to illustrate that flying has always been a big part of my life.

Stearman Aviation was known for having produced aircraft from the late 1920s through the 1940s, ending with the famous Model 75 Kaydet, which was the basic trainer for most of the pilots in World War Two. Over 8,500 of them were built, of which about 3,500 remain to this day. My father, uncles and cousins all felt the push toward flying and aeronautical engineering. So did I, until in the midst of my college years, I discovered that I was more interested in writing than engineering.

After graduation, with degrees in English and Psychology, as well as minors in descriptive linguistics, radio and television writing and literary analysis, I went to work, first for Beech Aircraft Corporation in commercial publications, then for Cessna Aircraft Corporation in the Merchandising and Marketing division. At both enterprises, my job was to write corporate publications and sales materials.

One of my tasks was to supply Cessna dealers across the United States with point-of-sale materials, such as brochures, product information, banners, posters, and films. This would include everything the local aircraft dealer would need to make a sale. After producing these products, we would personally deliver them by air in time for company representatives to put on sales meetings that introduced the new models.

It was midsummer in the late 1960s in Wichita, Kansas, and I prepared to take off from the delivery center airfield at Cessna Aircraft to make such a routine trip. On a Saturday afternoon, several of us in the Merchandising Division had spent time loading about a thousand pounds of displays into a brand-new Cessna 207 (rigged for cargo) preparatory to delivering it to a Texas dealer.

The next day—Sunday morning—I departed for my first stop, Love Field in Dallas, Texas, about 330 miles south. The trip took a normal and uneventful two hours. I arrived at the Cessna dealership late in the morning, where the dealer and I unloaded about half the materials I had brought for the meetings. We discussed his upcoming meeting over lunch. Then, a little after noon, I departed Love Field and headed west toward Lubbock, Texas, where I was to meet another Cessna dealer and unload the other half of the supplies for him. This leg of my flight, I thought, would be as ordinary as the first.

Climbing to a cruise altitude of 6,500 feet, and leveling off, I relaxed, expecting a 300-mile trip of about an hour and forty-five minutes. Routinely monitoring my nav-com and right on schedule, I was (as always) enjoying my flight. The air was smooth and cool. Then, without warning, a low-voltage warning flashed on my instrument panel!

My first reaction was simple annoyance: This had started as a perfect flight, but now I had to manage a failure. I was somewhat disgusted; this was after all, a brand-new airplane. I noted that the electrical system voltage was steadily dropping and after trying every alternative and discovering that there was no cure, I took one last reading on my heading and position, then shut down the entire electrical system. On an airplane, you can do that, because the engine has its own separate ignition system.

I believed that by doing this, I could save battery power till I got to Lubbock, then turn it back on in time to call the tower and make my landing. Again, I settled down, expecting the remaining hour to be uneventful. How wrong I was!

At this point, I would remind you that all electrical power was shut down, including of course, the radios. Yet, at that moment, I heard a crisp, clear voice that sounded just like a tour guide. It said, “If you look to your left, you’ll see a UFO.” My instant reaction was: “Now, that’s the stupidest thing I’ve ever heard. I’m not gonna look to my left!”

And I didn’t. Facing forward, I set my jaw and determined to continue as before.

But then it hit me: Although the radios were off, I had heard a clear voice. It was then that I decided for sure I was not going to look to my left!

Then, for the second time, loudly and clearly, the voice said (and I really couldn’t tell where it was coming from), “If you look to your left, you’ll see a UFO.” Its intonation sounded just like a tour guide, and I laughed out loud. Then, curiosity finally got the best of me and I couldn’t stop myself from looking to my left.

And there, slightly below my altitude, and a mile or two away, was a bright light. I watched it for a good while. It was matching my speed and direction. As we continued for a few minutes, it appeared to be slowly drawing closer to me. It occurred to me that if we were both homing in on Lubbock radio, we would be on converging courses. I then decided that this thing that I thought was a “UFO” was really an Air Force airplane (a Cessna T-41), which I knew they were using for basic training at Lubbock. This was no UFO after all…it was a silver-winged T-41, gleaming in the sunlight. Mystery solved!

We flew on together for a few minutes more, still on merging courses, drawing ever closer to each other. It looked like we’d get to Lubbock at about the same time. Then, something startling happened. We both flew under a high, solid cloud deck that was a few thousand feet above us. Now, at virtually the same moment, we had both flown into shadow. But amazingly, the light that came from this mystery aircraft was as bright as it had been in the sun. It was generating its own light! It was brilliant! Suddenly, I believed the voice I’d heard fifteen minutes ago. It was a UFO!

Now, the moment I had this thought, the bright ship reacted by flying quickly sideways toward me, covering about a mile in less than two seconds! What had earlier registered in my mind as a T-41 was now a circular aluminum craft…at least it looked like polished aluminum! It was about a hundred feet in diameter and maybe fifteen feet thick. It was shaped like an upside-down Reese’s Peanut Butter Cup…even to the detail of being corrugated around the outside, though its corrugations weren’t as deep as those on the traditional peanut butter cup. As it approached, I had seen its top because it was a little below me. It had a gleaming center spot and bright radial lines that went like pie slices to its edge.

Its corrugations were spaced about three feet apart. And here it was, flying with me in close formation about seventy-five feet off my left wing. Then, as unbelievable as it may sound, I felt something like waves of energy coming off this thing. I felt like I was being “probed” or “scanned”…that it literally knew what I was thinking! And I wasn’t at all bothered by this. Quite the opposite, I felt an elation I’ve never experienced, either before or since.

I felt as though something terrifically good and beneficial was happening to me, something on the order of a rescue. Remember, I had entered into this situation with an electrical emergency.

I was magnetically drawn to this beautiful machine…if one can call it a machine. For several minutes, we flew along together. But as I looked, I wanted to get closer to it, to see how it was built. So I nudged the controls, causing my plane to slip stealthily closer to this thing…seventy feet…sixty-five feet…sixty feet…and I felt a magnificent connection with the giant ship…as though it was concerned about my condition. I perceived it as a gracious benefactor, though at the moment, I didn’t connect its actions with my electrical failure.

Fifty-five feet…fifty feet… As I slowly drew closer and closer, I was looking for clues as to how it was built. Did it have rivets or seams? I could see none. It looked like one solid piece of material. Forty-five feet…and then I felt this thing alarmed by my intentions. It didn’t want me to get too close.

In an instant, and with blinding speed, it zoomed back to its original position, about a mile off my left wingtip. It astonished me by banking to the right in order to turn left…exactly the opposite of the way an airplane flies. Now, in the distance, it still gleamed with a luminous silver light, and once again, flew along with me as we both headed for Lubbock, which was now less than twenty miles away! It seemed that we had covered what should have been an hour’s flight in about ten minutes!

And here, the time had arrived to see whether my earlier strategy had worked. I reactivated the electrical system, and yes, there was enough battery power left to call Lubbock tower, and to deploy the flaps for a landing, all of which turned out to be routine. Rolling southward, I slowed and departed the runway in a left turn and taxied up to the Cessna dealership.

And through my windshield, looking back toward the east, about ten miles away, was the ship, still hovering in the distance, absolutely still. After shutdown, I walked into the dealership in something of a daze, where I met the dealer and mumbled something about having seen a UFO on my way.

There was nothing subtle about his reply: “I don’t believe in those things!” I quietly resolved that I would never mention this to anyone else. Furthermore, he was angry: “You were supposed to be here earlier! What happened?” I told him about the electrical failure and it somewhat calmed him down. It didn’t occur to me until years later that I had left Dallas just after noon on a trip that should have taken less than two hours. Now, it was after six o’clock…perhaps closer to seven. This man had waited on me all afternoon…on a Sunday! But he was sympathetic after he heard about my emergency.

Another thing didn’t register with me until years later: I had refueled in Dallas, giving me enough fuel for four or five hours of flying time at the very most. I had landed over six hours later, and still had half my fuel left! But I just didn’t think about it; it didn’t cross my mind that there was anything strange about this.

I had intended to fly back to Wichita that evening after dropping off the rest of the load. But now, the airplane was in the shop with electrical problems, and I was forced to stay overnight.

The next morning…bright and early…the dealer picked me up and we headed for the airport to see what they had found wrong with my aircraft. Needless to say, I was quite anxious to fix the problem and head back home to Wichita and the factory. The shop foreman approached us as we entered. He was in an excited state as he almost shouted, “You ain’t gonna believe what we found!”

And he proceeded to show us the brand new V-belt that had fallen off the alternator drive and ended up in the bottom of the cowling. There was not a mark on it. It was factory new. And the pulleys from which it had escaped were still tensioned and safety wired. It was impossible for the belt to have fallen off in this way. Five men, including an FAA inspector, stood around marveling at the sight. At the very least, the belt should have been scarred. Most likely it would have broken. But it was pristine, and what’s more, they had to loosen the fittings to replace it. It couldn’t have fallen off the engine.

Of course, my mind was racing in a different direction: What had really happened? Why had the flying disc come alongside me at a critical moment? Had “they” actually caused that critical moment? Of course, I didn’t utter a word about a UFO to any of those present on that Monday morning. I would have been laughed out of the hangar!

And so, after re-installing the drive belt, test-running the engine and discovering a healthy system voltage, it was pronounced airworthy. I took off and headed for Wichita.

A little over two hours later, I landed, went back to the office and essentially kept my mouth closed…to this day. Over the last 42 years, I’ve told maybe four or five people about the incident…more or less swearing them to secrecy in the process.

I have many questions. Was the UFO good or evil? Was it from outer space or inner space; perhaps another dimension? Was it angelic or demonic? Did it cause the failure of my electrical system, or did something else cause the calamity, and the UFO came to my aid? One thing is certain: I felt that the UFO had good intentions; contact with it had been both exhilarating and positive. I was disappointed when it stayed behind as I went on to land.

I must tell you that at that time, I had not yet given my life to Christ. And I was more aware than most people of the entire UFO phenomenon. This encounter, of course, had brought me to an entirely new level of perception. It opened my mind to the absolute reality of beings who have what appears to be a technology that’s eons ahead of ours.

Here, it is important to mention that from my early childhood years, I had heard adults—family and close relatives—discuss the reality of UFOs. They were all totally convinced of their reality. In fact, two of my closest relatives were affiliated with the development of military aircraft, and later, with the establishment of our Intercontinental Ballistic Missile system. One of them, charged with developing protective systems that prevented false alarms, once casually mentioned that his major problem had been alarms tripped by passing UFOs. Another had seen a government-issued 16-millimeter film of a crashed UFO, which had been presented to them as a craft from outer space.

I, myself, had been employed in the building of test equipment for a wind tunnel, where I worked with two military officers who both had close encounters with UFOs.

From many sources, I had learned of the military’s intense preoccupation with what they termed “extraterrestrial technology.” It was rumored that from the 1948 Roswell crash and the years immediately following it, much technical knowledge was obtained by “trade agreements” with the little aliens and their overlords. Since that time, a veritable flood of books and articles have documented exactly that.

As the narrative goes, government leaders agreed to let these “spacemen” operate within our atmosphere, in return for scientific and industrial advances. Many researchers have related that the transistor, developed by Bell Labs in the 1950s, was said to have come from such a deal, that it began as “UFO technology.” I hardly need remind you how radically our society has been changed by the introduction of solid-state electronics.

Not long after the personal encounter described above, I married the woman to whom I remain married to this day. She had been raised a Christian; I was not to become one until about a couple of years later. I began to read the Bible voraciously. It was the first book I’d ever found that explained the mysterious things that happen on this planet, as having to do with God, Creation and Redemption.

Because of my own encounter, I sought biblical answers that could explain what I had seen. I learned of God’s angels in their chariots of fire that flew in the realms just beyond the reach of man’s vision.

And I learned of the, “…principalities and powers in heavenly places…” mentioned by Paul in Ephesians 3:10. They are good as well as evil: The dark forces answer to their master, Satan, called in Ephesians 2:2, “…the prince of the power of the air.”

Like Job, I can say, “For I know that my redeemer liveth, and that he shall stand at the latter day upon the earth” (Job 19:25). Without a shadow of a doubt, Jesus is my Lord and Savior.

In my own personal case, however, many questions remain. I continue to believe that I was rescued; I would like to believe that the beautiful ship that came alongside me was on a mission to save me from a possible crash.

But I don’t exclude the possibility that the ship was demonic, representing a mission far beyond my ability to understand. I just can’t say. I do know, however, that the Spirit of the Lord spoke clearly to me in the period that followed.

Afterward, I came, not only to saving faith in Christ, but to a consciousness that we are living in the last days, said by our Lord to resemble the days when fallen angels began to traffic among men. For eons, there has been a heavenly battle raging. Good and evil angels defend territories and causes that are far beyond our perception. Occasionally, they penetrate the dimensional barriers and for a moment, we see them.

The reality of these beings is beyond question to me. And since I am safe in Christ, I never worry that they might harm me. In the Spirit of the Lord, we are on the winning side of the battle.

Raidersnewsupdate.com

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Iran to unveil latest drone in May

Iran’s Deputy Defense Minister Mohammad Eslami says the country will unveil its latest indigenously-produced long-range drone in late May.

“The latest Iranian long-range unmanned aerial vehicle (UAV), which uses high technology, will be unveiled on May 24,” Eslami said Wednesday.

He said that drones are categorized in terms of range and altitude, adding that long-range UAVs are considered strategic.

Eslami pointed to Iran’s capabilities in designing and manufacturing UAVs and said the country has also succeeded in producing jet engines that can be mounted on the drones, including Karrar UAV.

He said that Iran will in the future unveil more drones that can fly at the maximum altitude of 30,000 feet, have a 24-hour flight duration capability and can carry out special operations.

Iran unveiled its first indigenous long-range drone, Karrar, in August 2010. The aircraft is capable of carrying a military payload of rockets to carry out bombing missions against ground targets, flying long distances at a high speed, and gathering information.
In September 2012, the country also unveiled a new indigenous UAV, Shahed 129, with a 24-hour nonstop flight capability.

In December, Commander of the Islamic Revolution Guards Corps (IRGC) Rear Admiral Ali Fadavi said that Iran had also launched a production line for the manufacture of ScanEagle-type drones.


Press TV