Feb 132016
 
carrier

Breitbart: “A cell phone video taken at Carrier Air Conditioner in Indianapolis shows the exact moment that the plant and union workers were told that the company had decided to shift production south of the border. ‘The best way to stay competitive and protect the business for longterm is to move production from our facility in Indianapolis to Monterrey, Mexico,’ says the company representative at the microphone.”

Opinion: What a racket: Mexico sends us their needy, and we send them American jobs … help me out, where have we heard that before?

Headline news BPTnews.org

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Feb 132016
 

national debt

CNBC: “Central banks have been pumping money into the global economy without a whole lot to show for it other than sharply higher stock prices, and even that has been on the downturn for the past year.

Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.

It’s all part of a phenomenon that Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, terms “quantitative failure”.

Opinion: We have hundreds of posts on Quantitative Easing (QE). It began in 2009 as a cure-all for an economy that  refused to grow. Since there is a Democrat in office, you won’t hear how QE hurts the poor and middle class and makes the rich uber wealthy.

Simplified QE Formula: Create money – give it to banks – banks buy stocks and bonds, and whamo, Batman, the bull market is on.

mountainThe problem is that the newly created money is like counterfeit, it is literally borrowed from ourselves and has to be paid back. Globally, QE debt is over 12 trillion, which, of course, does not factor in the national debts of each nation, making the world awash in debt.

Solomon knew better: “The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7

So, here we are 7 years from the recession that never really ended, and we are on the verge of another one. If we look back to Genesis 41:25-27, Joseph warned Pharaoh that at the end of 7 years of plenty there is 7 years of famine.

This time the central bankers have a new idea: negative interest rates (NIRP): literally paying a bank money for the privilege of making a deposit.

After that fails, will come the end of cash, which will only work temporarily because the DEBT problem is still there and there will be non-stop economic reports to sell the world on the benefits of a cashless society.

That is the reason we created BPTnews.org, since our staff consists of me and Editor (with help from Vason), it is not possible for us to do commentary on all the news, it reminds me of the I Love Lucy show with the chocolates.

In the next week or two, we will combine the sites and either URL will take you there. We received several emails regarding keeping the commentary on the blog posts, the only change will be a prompt to “read more” (expand) when the commentary exceeds a certain number of words.

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Feb 092016
 

jim

Zero Hedge: “Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.

As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid off multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.

Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.”

Opinion: The great QE (quantitative easing ) experiment has been going on since 2009. Massive amounts of money were created and injected into banks. Banks bought stocks, bonds, and real estate and a phony bull market began.

It is that simple and that crazy. The 2008 financial crisis was the fault of progressive government programs to make homes available to people that could not afford them. It literally brought down the global economy.

So instead of letting the economy slip into depression and correct naturally, the Keynesian academics that make up the Federal Reserve created a mountain of debt and bailed out “too big to fail” banks, insurance companies, and car manufacturers.

We have posted Jim Rogers’ opinions before, and while we agree with much of what he says, I can’t help but be reminded of the 2014 Ebola panic.

At that time, we opined that a global epidemic of apocalyptic proportions did not line up with Bible prophecy. Jesus gave us a chronology of events so that once they start, people that are still here can know what comes next.

Before the first 7 seal judgments begin, we are told that one of the seven churches (Revelation 3:10) would be spared the tribulation:  Because you have kept My command to persevere, I also will keep you from the hour of trial which shall come upon the whole world, to test those who dwell on the earth.” (“from” in Greek means “out of”)

That church (Philadelphia- Rev.3:7-13), corresponds perfectly with the only Christian denomination (Evangelical) that has supported Israel since it’s rebirth in 1948.

In Revelation 4:1, John is taken up (raptured) giving us the assurance that the church that has blessed Israel (Genesis 12:3) will be gone before the tribulation begins (Revelation 6:1-8).

  • White Horse: Antichrist
  • Red Horse: War
  • Black Horse: Economic collapse, hyperinflation
  • Pale Horse: Disease, pestilence, and wild beasts

While the global economy is being smothered by debt and may be in for a nasty correction in which we all could suffer, the big collapse of hyperinflation is not yet.

See Headline: Soviet Amerika? Florida City With Homosexual Commissioner Cracks Down on Churches” @ BPTnews.org

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Feb 052016
 
With TPP Signed, Opposition Explodes Across Political Spectrum

The New American: “With the Trans-Pacific Partnership (TPP) signed (yesterday) in New Zealand by officials from the 12 governments and dictatorships ensnared in the sovereignty-smashing “free trade” regime, opposition to the plot — dubbed “Obamatrade” by critics — is surging across the political spectrum and around the nation. In the presidential primaries, virtually nobody, not even

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Feb 042016
 
"Nearing The End", Retail Investors Are "Heading For The Slaughter

Zero Hedge: “Former Reagan White House Budget Director David Stockman says retail investors are going to take, yet, another very big hit. Stockman explains: “The retail investor waded in again. The sheep lined up and, unfortunately, are heading for the slaughter one more time. I think it is very hard to see how this Baby

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Feb 022016
 
For Once, Low Oil Prices May Be a Problem for World's Economy

Bloomberg News: “For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin. While the idea is counter-intuitive, it’s gaining traction because a growing share of the world’s consumers and investors are in

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Ray Dalio Admits QE Won't Work, But Asks For More Anyway

 End of the age, GLOBAL ECONOMY, National security, New World Order, US Economy  Comments Off on Ray Dalio Admits QE Won’t Work, But Asks For More Anyway
Jan 252016
 
Ray Dalio Admits QE Won't Work, But Asks For More Anyway

  Zero Hedge: “While not as dire as his Davos forecast, in which he warned that “if assets remain correlated and things continue to move in the “wrong” direction, “there’ll be a depression”, earlier today Ray Dalio released a new Op-Ed in the FT in which the manager of the world’s largest hedge fund (excluding

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