May 212015
 

image_1432123221_33822412CNN News: The Chinese navy issued warnings eight times as a U.S. surveillance plane on Wednesday swooped over islands that Beijing is using to extend its zone of influence.

Seeking to further challenge China’s military build-up in the South China Sea, the plane conducted a reconnaissance mission over a contested military installation being constructed on a manmade series of islands.

The U.S. plane was on a mission to monitor Chinese activities on the island and two others like it, reefs that months ago barely peaked above the waves but now are massive construction projects that the U.S. fears will soon be fully functioning military installations.

China’s alarming creation of entirely new territory in the South China Sea is one part of a broader military push that some fear is intended to challenge U.S. dominance in the region. Beijing is sailing its first aircraft carrier; equipping its nuclear missiles with multiple warheads; developing missiles to destroy us warships; and, now, building military bases far from its shores.

Opinion: I am not sure if the US actually has any allies. If not for US economic power (by virtue of world reserve status for the US dollar) the US would be alone.

And it appears that China would like to change even that.

Recently, China stunned the world with the opening of the the Asian Infrastructure Investment Bank (AIIB)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership.

America tried to convince other nations not to agree to join, but it failed—even with its closest allies. For the U.S., it was an unmitigated disaster as the world turned its back.

The New York Times later called the AIIB a “direct threat” to the post-World War II financial system dominated by the U.S.

Larry Summers, the 71st Secretary of the Treasury and a staunch Obama supporter, called China’s move the most important financial event since the United States led the world off the gold standard in 1971: “This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system.”

Even the UK joined the AIIB possibly as a result of the Obama snub of 2009.

In the beginning of the Obama presidency the US turned its back on the UK, even sending a bust of Winston Churchill back that had been a gift to the Bush administration.

Few are saying it, but I believe that the snub of the UK could be related to the Balfour Declaration of 1917 that essentially re-established a home for the Jewish people in what was then called Palestine.

Having spent his childhood in a Kenya Madrassa, President Obama is no friend of Israel.

Bible prophecy shows no nation resembling America in the final wars of the Latter Days.

It is fascinating to watch Scripture unfold.

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May 212015
 

image001MW Market Watch: “Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war

Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank.

If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power.

“If there is conflict between China and a military ally of the United States, like Japan, then it is not an exaggeration to say that we are on the threshold of a third world war,” Soros said.

Military spending is on the rise in Russia and China, he said.

To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival to the dollar as a global reserve currency.”

Opinion: A few years ago while writing “Antichrist”, I tried to imagine how the fall of the US dollar might occur. Working backwards from the Rider on the Black Horse (economic collapse) of Revelation 6:5-6 gave me a clue.

It seemed logical that if there is to be a severe depression, the US dollar would first have to be removed from world reserve status. It is the dollar that is the safe haven in times of crisis. Remember the old saying “Sound as dollar”?

It also seemed logical that if the dollar is to lose world reserve status, it would be China that would be the culprit. Because China is the nation challenging the US as the world’s leading economic power.

And China has been manipulating its currency for decades to the detriment of the US dollar, and China is the leading holder of US debt.

A Hebrew king named Solomon knew 2000 years ago what our politicians refuse to accept “The rich rules over the poor, And the borrower is servant to the lender.” Proverbs 22:7

On or around October 20th of this year, the International Monetary Fund (IMF) will decide whether to include the yuan (renminbi) in the SDR basket of currencies which will give the Chinese currency reserve status.

Excerpt, Antichrist: The Search For Amalek , Page 183, chapter 12 (fiction)

“As the top-secret meeting got under way, John Brennan had disturbing news to share. He informed the group that there was urgent intel from our people on the ground in the Far East. China was about to make a move with support from Japan, Russia, and the European Union to dump the dollar as the world reserve currency. They planned to institute the renminbi, either alone or as part of a basket of currencies called Special Drawing Rights (SDRs), which would include the euro and the yen.

Brennan told the cabinet that China had been buying large amounts of gold for the past five years in an effort to build global confidence in the Chinese currency. Their aim was to make the renminbi the de facto reserve currency and to increase global influence.”

(Thank to Vason for finding the headline article)

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May 182015
 

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Zero Hedge: “Why are governments rushing to eliminate cash?

“During previous recoveries following the recessionary declines, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the repeal of Glass Steagall in 1999, banks have looked at profits rather than their role within the economic landscape.” Martin Armstrong

Opinion: The repeal of Glass Steagall gave rise to the economic crisis of 2007-9 by making money-center banks too big to fail requiring massive government bailouts.

Armstrong: “Today the government tries to change the natural cycle rather than reform and live within the cycles of nature.”

BPT: Over-reaching progressive government bureaucrats and central bankers manipulate the amount of currency in circulation in an effort to control every aspect of the economy.

Armstrong: “Destroy the foundation of an economy and you create the groundwork for the next Hitler to rise up.”

BPT: A repeat of 1920’s Germany’s Weimar republic, hyper-inflation would create fertile ground for a dictator to rise to power with little more than promises of hope and change.

Armstrong: “We will be moving toward a one-world currency as everyone starts to comprehend that allowing one nation’s currency to serve as the world reserve currency, imposes obligations upon that nation that will be in conflict with its domestic policy objectives.”

BPT: A cashless society will give government the ability to control all forms of commerce (buying and selling) Revelation 13:16-17

On or about October 20 of this year the International Monetary Fund will vote on adding the renminbi as part of the SDR basket of currencies.

China has been preparing to unseat the dollar by first purchasing massive amounts of gold and then creating the Asian Infrastructure Investment Bank (AIIB) to finance  investment in Asian and emerging-market economies like Brazil , Russia, and India, as well as major European economies of France, Germany, and the UK.

The USA is left with a dwindling group of economic allies (Japan & Canada).

Lastly,  governments are eliminating cash because it is the appointed time and Martin Armstrong’s economic forecasts,, knowingly or unknowingly, line up with prophecy.

 

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May 182015
 
CEI Report: 3,554 New Regulations in 2014

The New American: “Further evidence of the federal government’s vast overreach can be found in a report out of the Competitive Enterprise Institute (CEI) that reveals that over 3,500 new regulations were issued in 2014, According to the CEI website, Ten Thousand Commandments is “the Competitive Enterprise Institute’s annual survey of the size, scope and

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May 152015
 
How to end boom and bust: make cash illegal

The Telegraph: “A proposed new law in Denmark could be the first step towards an economic revolution that sees physical currencies and normal bank accounts abolished and gives governments futuristic new tools to fight the cycle of “boom and bust”. The Danish proposal sounds innocuous enough on the surface – it would simply allow shops

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May 152015
 
Pope’s top adviser blasts US climate skeptics

The Hill: “Pope Francis’ closest adviser castigated conservative climate change skeptics in the United States Tuesday, blaming capitalism for their views. Speaking with journalists, Cardinal Oscar Rodríguez Maradiaga criticized certain “movements” in the United States that have preemptively come out in opposition to Francis’s planned encyclical on climate change. The ideology surrounding environmental issues is

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May 112015
 
Paul Craig Roberts: Economic Disinformation Keeps Financial Markets Up

Zero Hedge: “Friday’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are. Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe these are home and

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