Sep 062016
 

bob

The New American: “Alongside a brutal communist dictator, Obama used his infamous pen and his huge ego this weekend to “save our planet” from humans and the essential-to-life gas carbon dioxide they all exhale. At least that is what the would-be savior of the planet wants people to think.

In the city of Hangzhou, China, Obama announced his pretended “ratification” of a massive United Nations treaty on alleged man-made global warming, working in tandem with Communist Chinese dictator Xi Jinping and Beijing’s rubber-stamp legislature. Congress, though, was not consulted, and federal law prohibits compliance with the UN scheme.

Their fear is that a potential President Donald Trump takes over and makes good on his pledge to “cancel” the UN deal.

boOpinion: Donald Trump must be doing better than the Obamapress is letting us in on. With his presidency just a few months from being over, the president is pulling out all the stops.

Of course the UN treaty ratification was pure theater, but don’t think for a minute that Obama’s actions on climate over the past 7 years didn’t do significant damage to America.

A Daily Caller post from yesterday said this: “This Labor Day, America has 83,000 fewer coal jobs and 400 coal mines than it did when Barack Obama was elected in 2008, showing that the president has followed through on his pledge to “bankrupt” the coal industry.”

Thanks to a drop in oil prices, America’s energy costs have not skyrocketed as Obama said they would, but one oil tanker sunk in the straits of Hormuz could change that in a heartbeat.

It is important to remember on November 8, that a President Clinton, along with a newly elected Democrat Congress, will no doubt approve the UN’s climate deal:

“I applaud President Obama, Secretary Kerry and our negotiating team for helping deliver a new, ambitious international climate agreement in Paris. This is an historic step forward in meeting one of the greatest challenges of the 21st century—the global crisis of climate change.” Hillary Clinton, December 12, 2015.

 

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Sep 022016
 

spend

The New American: “As we have noted in our past reports on the Jackson Hole events of the Fed, (see, for instance, Jackson Hole Conclave: Central Bankers Plan Global Theft, Massive Pain) these yearly jamborees bring together the capi de tutti capi (the “bosses of all the bosses”) of the Money Mafia to decide how much wealth they will milk from the world’s middle classes and the methods of extraction they plan to use.

A host of economic signals and clues indicate these banksters are getting ready to pull another manufactured financial and monetary “crisis” that will dwarf the bailout calamity of 2008-2009.”

Opinion: “I believe that banking institutions are more dangerous to our liberties than standing armies,” Thomas Jefferson

When it’s all over, if there is anyone left to write a book, the Federal Reserve should be listed as the #1 culprit of financial chaos, followed by corrupt politicians that appoint them.

The Federal government sees the Federal Reserve as a money manufacturer. The government is happy as long as the Fed prints enough money each year to cover the Federal deficit.

The deficit for 2016 is projected to be $600 billion, which is the amount the government spends over what it takes in from income taxes. Deficit spending is why the national debt hit $19.5 trillion yesterday.

The Fed also prints money (stimulus) in times of recession, controls short term interest rates, and provides liquidity to its member banks.

So what’s the problem?

When the Fed prints money and loans it to the government, it must be paid back at some future date. There is no limit to how much the Fed can print and if/when the day comes that the government can’t pay it back, it is not unlike a drug dealer with his junkie client.

The Fed can force the government to raise taxes, even up to 90% or more.

Like the drug dealer has the power to keep his client hooked, the Fed creates money so that the government can spend it on all kinds of ridiculous programs to keep its constituency voting for it.

Government can then start wars, throw $20 trillion at the war on poverty, and run up a future debt of 125 trillion on Social Security, Medicare and Medicaid and keep on spending.

Everybody is happy.

I do not know what or when the tipping point will be, but the Bible tells us that there is one. The Rider on the Black Horse (Rev 6: 5-6) says it will take a day’s wages to buy a day’s food, but the rich and the Fed governors (represented by oil and wine) will not feel the pain until after the mid-point of the 7 year tribulation, as described by James 5:1-6:

Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten.  Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days.  Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth. You have lived on the earth in pleasure and luxury; you have fattened your hearts as in a day of slaughter.  You have condemned, you have murdered the just; he does not resist you.”

 

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Yellen suggests letting the Fed buy more kinds of assets

 Finance, GLOBAL ECONOMY, ObamaCare, QE, US Economy  Comments Off on Yellen suggests letting the Fed buy more kinds of assets
Aug 272016
 

jyellen

Washington Examiner: “Federal Reserve Chairwoman Janet Yellen suggested that the central bank might buy more kinds of assets in a future crisis during a speech Friday on the tools available to the Fed to manage the money supply.

In an address prepared for an appearance at an annual conference in Jackson Hole, Wyo., Yellen said that the Fed “may wish to explore the possibility of purchasing a broader range of assets” than it currently does.

Although she didn’t specifically say so, such assets could include stocks rather than the government bonds the Fed currently is limited to.”

Opinion: Mrs. Yellen’s speech on Friday had been the topic of conversation all week in the financial markets. When it finally came, the Fed chief said she might raise rates – but then again she might not.

IT IS DATA DEPENDENT.

Excuse me for raising my voice, but the dear lady has been saying that for years.

The data, or I should say the real data, stinks. Gross Domestic Product is an anemic 1.1%. The economy needs 3% just to keep up with people entering the work force.

Barack Obama is first president ever to not see a single year of 3% GDP growth.

The Fed’s four four stimulus packages purchased government bonds from banks with printed money. Now Mrs. Yellen is suggesting that if the Fed needs to buy assets in the future they may include stocks.

Imagine that. Imagine the Dow Jones averages hitting 25-50-100,000 on monopoly money. Imagine how happy every one will be? Except all it will do is create asset bubbles that will make 2008-9 look like a bull market.

It happened in Zimbabwe in 2006-8 as the annual rate of inflation exceeded 231 million percent and the stock market reached 4 million.

days

Buffet and Gates will be the first trillionares.

Aren’t you glad you won’t be here to see it?

2 Thess. 4:16-18.

(Thanks to Vason for sending this in)

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US preliminary Q2 gross domestic product at 1.2% vs 2.6% expected

 Barack Obama, Election 2016, New World Order, US Economy  Comments Off on US preliminary Q2 gross domestic product at 1.2% vs 2.6% expected
Aug 272016
 
US preliminary Q2 gross domestic product at 1.2% vs 2.6% expected

CNBC: “U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. That was

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Aug 192016
 
Paul Singer Says "Everyone Is In The Dark"; Warns Of "Sudden, Intense Market Breakdown"

Zero Hedge: “As Singer admits in Elliott’s Q2 letter to investors, what the fund, up 6% YTD, is seeing, is “the most peculiar period we have faced in 39 years.” The details are familiar to those who have read Singer’s previous laments (most recently here) on central planning: too much central bank power, too much

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Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy

 Election 2016, End Times, Finance, GLOBAL ECONOMY, National security, New World Order, QE, US Economy  Comments Off on Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy
Jul 142016
 
Fed's Mester Says Helicopter Money "The Next Step" In US Monetary Policy

Zero Hedge: “Think “helicopter money” is/will be confined only to Japan, which has been sending conflicting trial balloons about this unprecedented next step in monetary policy for the past two days (first Japan’s Senkei reported that the government will be adopting “helicopter money” followed by a government spokesman denying the report, then followed by a

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Jun 142016
 
German 10-year sovereign bond yields turn negative for first time

CNBC: “The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns and jitters over the U.K.’s upcoming referendum on its European Union membership. At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors

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