Jan 262015
 

06b5f6bc-bb8d-4a5e-9ef7-eb1f47b6ff33Newsmax: “President Barack Obama will propose protecting 1.4 million acres of Arctic refuge from oil and gas drilling, The Washington Post reported on Sunday. Senate Energy and Natural Resources Committee chairman Sen. Lisa Murkowski, R-Alaska, called it “a stunning attack on our sovereignty.”

The move is certain to spark yet another fight with Republicans, who have fought for 35 years over how to manage what is known as ANWR, or the Arctic National Wildlife Refuge. The vast region has huge petroleum reserves but also provides critical habitat for caribou, millions of migrating birds, polar bears and other wildlife.

“What’s coming is a stunning attack on our sovereignty and our ability to develop a strong economy that allows us, our children and our grandchildren to thrive,” said the new Senate Energy and Natural Resources Committee chairman, Lisa Murkowski, R-Alaska, in a statement to the Post.”

Opinion: Have you noticed your electric bill lately?  The Energy Department predicts retail power prices will rise 4 percent on average this year, the biggest increase since 2008.

New and tighter pollution rules and tough competition from cleaner sources such as natural gas, wind and solar will lead to the closings of dozens of coal-burning plants across 20 states over the next three years. And many of those that stay open will need expensive retrofits.

Forty percent of home electricity is coal driven and President Obama does not like coal.

In one of his few truthful statements in the past 7 years, the future president said “So, if somebody wants to build a coal plant, they can — it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

The war on oil is much more significant. Without coal we learn to use blankets, without oil the nation stops.

 

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Jan 242015
 

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The New American: “While the officially admitted manipulation and suppression of gold prices by Western central banks has been documented extensively, world renowned economist and money expert Jim Rickards argued last week that the real purpose of it was to benefit the Communist Party regime ruling mainland China.

As China becomes a global superpower in an increasingly globalized world, the dictatorship in Beijing needs gold reserves to match its growing economic clout, explained Rickards, editor of Strategic Intelligence and author of two books focusing on currency. Eventually, all of that gold — being scooped up by the Chinese autocracy at artificially low rates — will give Beijing a much bigger voice at the table as the new world monetary order.

Opinion: We wrote about this in our book Antichrist: The Search for Amalek:

“Russia and China have taken advantage of central bank manipulation stocking up on gold for the day when they attack the world reserve status of the US dollar.”

And we wrote a post about it on November 15, 2014:

“I  can’t prove it, but, I have long suspected that central banks have been holding the price of gold down by selling massive futures contracts.”

Jim Rickards explains why this is happening from a secular view:

  • “In the current world order, the United States and Europe still reportedly hold most of the gold”
  • “If you took the lid off and ended the gold price manipulation and let gold find its level, China would be left in the dust”
  • “When the global monetary system has its “reset,” governments around the world will sit down at the table to reshape the system. And because China now represents the second largest economy in the world, its rulers must also have a seat — and for that, they will need a decent amount of gold proportional to their economic weight.”
  •  “So the price is being suppressed until China gets the gold that they need”

Picture holding a beach ball under water, when you let it go it pops to the surface very fast. From a prophetic view, when China gets the gold they need, expect that the reset will include a basket of currencies to replace the dollar as world reserve currency and gold to skyrocket.

When that doesn’t work and the world’s economic system is on the verge of collapse, a single currency will be proposed and accepted by an up and coming world leader (Revelation 13: 16-17).

By that time it will probably be illegal to own gold.

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Jan 232015
 

euroInvestors Business Daily Op-Ed:Economics: Despite the opposition of the European Union’s most powerful nation, Germany, the European Central Bank has launched a massive quantitative easing program. It’s not what the stagnant EU needs.

Yes, markets rallied on the news, largely cheering the fact that someone, anyone, seems to be doing something about the eurozone’s fast-deflating and slumping economy. But the giddiness isn’t likely to last.”

Opinion: Definitions:

  • Inflation – A general increase in prices and fall in the purchasing value of money.
  • Deflation – A general decline in prices, often caused by a reduction in the supply of money or credit.
  • Hyperinflation – Sudden price increases out of control rendering the concept of inflation meaningless.

Central bankers are convinced that the world’s economies are deflating and it is their job to jump-start inflation. In order to make controlled inflation happen, bankers have been experimenting since 2008 with quantitative easing (QE), or creating money to buy back the nation’s debt (bonds).

When bonds are purchased in massive quantities interest rates go down, and conversely when bonds are sold in massive quantities interest rates go up.

Yesterday, Mario Draghi, the European Central Bank president announced a new QE of bond purchases to the tune of 60 billion euros per month. Draghi, whose name translates to dragon, is a Harvard educated, Goldman Sachs banker who is either lying or ignorant of the commonsense economic principles regarding counterfeit money.

Someday the bill for the created debt will have to be paid. Economies have two natural cures for excessive government: spending and debt.

Recession: period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Depression: a severe and sustained long-term downturn in economic activity; an extreme recession that lasts two or more years.

The recession of 2008-9 should have resulted in depression. Government tinkering in the housing market forced lenders to sell mortgages to people who had no hope of paying them off, packaged up those mortgages and sold them to banks all over the world.

But, instead of allowing the depression to cleanse the market, government tinkered again and created more money called stimulus, or QE.

Chairman Draghi’s new QE caused euphoria yesterday in the world’s stock markets, much like a 5 year old on too much sugar.

Someday, that 5 year old will get a real bad tummy ache.

Hyperinflation is sudden and prophetic, Revelation 6:5-6.

 

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Jan 172015
 
What happened in Switzerland?

Investors Business Daily Op-Ed: “Currency Crisis: The abrupt move by Switzerland’s central bank to remove the cap on the franc-euro exchange rate has created turmoil from Europe to Wall Street. This is what you get when monetary policy runs amok. The move caused an unprecedented 18% one-day surge in the Swiss currency’s value against the

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Jan 092015
 
The Cost Of Obama's "Free" Community College Vision To Taxpayers? $60 Billion

Zero Hedge: “Yesterday, to much shock and dismay, Obama revealed his latest “noble” grand vision: provide a free community college education to millions of folks. Apparently now, far too late, even the community organizer-in-chief realized that with $1.2 trillion in student loans the Millennials will never be able to take their rightful place as the

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Jan 072015
 
House Kicks Off New Congress With Jobs Bills

The Weekly Standard: “The office of House speaker John Boehner announces it’s kicking off the new Congress with a series of jobs bills. The press release reads: House Republicans have pledged to continue making the American people’s priorities – jobs and the economy – our priorities and are wasting no time getting started, kicking off the first

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Jan 062015
 
70 Trillion Reasons Why CITI May Be The Next AIG

Zero Hedge: “Something stunning and unexpected took place in the third quarter: Citigroup, or rather its FDIC-insured Citibank National Association entity, just surpassed JPM and is now the biggest single holder of total derivatives in the US. Furthermore, as the charts below show, while every other bank was derisking its balance sheet, Citi not only

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