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% is $0.288T. Turn the clock forward to see a hell of a lot more cost to carry Uncle Sam’s deficits and debt I reckon. Read your prior article but have to ask, how much of the $2T is bad and will …
% is $0.288T. Turn the clock forward to see a hell of a lot more cost to carry Uncle Sam’s deficits and debt I reckon. Read your prior article but have to ask, how much of the $2T is bad and will never be paid off? There is no way 100% of that $2T will ‘roll-off’ since a bunch of what they bought was supposedly junk. Also as they unwind and reduce member bank reserves, how in the hell will they pass the CCAR? They all passed this time and look at their behavior. Stock buybacks and dividends. Like a kid with a nickle in his pocket burning a hole. Most just barely passed and now that they burned through much of their capital base and with the Fed’s further shrinking it, what’s next? Granted, I may not be up to speed on this ‘new’ math but something doesn’t add up. I’ll just respond to the 2T in securities question…. All the securities the Fed has left on its balance sheet are US Treasuries and Agency mortgage backed securities (issued by Fannie Mae and Freddie Mac). All of them are good. The toxic stuff the Fed took on during the Financial Crisis (like the $30 billion in toxic securities from Bear Stearns) have been sold for cents on the dollar or written off. They used to be in the “Maiden Lane” accounts on the balance sheet, but those “Maiden Lane” accounts were whittled down and are now gone. So I don’t expect any problems with the securities it still has. When the Treasuries mature, the Fed will get the money from the Fed. The MBS work a little differently (since mortgages are paid off all the time and the proceeds flow through to the holder of the MBS). But I don’t expect any big hiccups either, unless there’s a major housing crisis over the next couple of years, which I think is unlikely. Wolf… it the Treasury has to sell new bonds to raise the money to redeem the old ones, does the net amount of bonds outstanding actually change? But I can see how the money supply would contract and rates be forced higher as a result. Seems like a huge potential negative for any rate-or-liquidity-sensitive market: stocks, bonds, and real estate. The Treasury routinely sells new bonds to redeem maturing bonds. So yes, this alone doesn’t impact the debt outstanding. But the Treasury also sells new bonds to finance current budget deficits. This makes the debt outstanding grow. “The Treasury routinely sells new bonds to redeem maturing bonds. So yes, this alone doesn’t impact the debt outstanding.” Further if the fFED redeems its bonds to treasury, then uses the cash received to reduce it’s balance sheet. Instead of swapping them for new bond’s. The bonds will be brought (SNAPPED UP) by others. Seeking safe Haven. Slowly reducing the excess liquidity in the US system and or repatriating Cash held off shore, back to the US but outside the US tax system. Which ever Occurs it is still a net positive for the US and SLOWLY reducing the Excess liquidity in the Entire Financial System – There’s no need to sell those securities to the market. When those T-bonds mature then the US government has to come up with the (tax payer) money to redeem those bonds. and the money goes to the FED. The government needs to pay off its debt to the FED. – QE was inflationary (increase of money & credit) and therefore the “unwinding” QE is Deflationary (decrease of money & credit) I think it will be an interesting topic down the road as to whether QE was inflationary or deflationary. Certainly it was meant to be inflationary, especially in asset prices (RE & financials). However, sense the money didn’t really go into the real economy, all it did was lower interest rates. Those lower interest rates reduced the income of those who get some substantial portion of their income from savings. Which of course, reduces overall demand in the economy. Which cdr alludes to above. On the inflationary side, it makes certain business investments attractive that wouldn’t be at higher interest rates. So that might create employment that would otherwise not exist. – Inflation is defined as an “Increase of money & credit”, NOT rising (asset) prices. Rising prices (houses, oil, iron ore, stocks, etc.) are required to create (credit) inflation. – As a result of QE the FED extended (more) credit to the government (=inflation). So, when the FED decreases its assets (e.g. T-bonds) it decreases the amount of credit to the government and that is Deflationary (=decrease of money & credit). – And falling prices (stocks, bonds, oil, iron ore, etc.) are required to create (credit) deflation. – When Dudley is talking about “low inflation” then he means “Prices haven’t risen too much” (using one particular inflation gauge). – But here Dudley doesn’t “get it” because – in general – rising prices is good for producers and bad for consumers. Conversely, falling prices is good for consumers and bad for producers. The Fed is just like any organization: human nature applies. It doesn’t require willful action to get things wrong, it just requires neglect. Neglect/passive “errors” will occur, e.g. inflation will be of poor quality (i.e. doesn’t reflect consumers’ real lives) if there is not a consequence to Fed higher-ups when the data are “bad”. If it confirms their bias and fits their needs, blissful ignorance will be tolerated. Anyway, don’t expect miraculous actions by the Fed. ” The FED is like any organization” Did you really think that out before commenting because I can’t imagine you could have It seems the US Federal Reserve is once again using the financial instruments so widespread nowadays: jawboning, hinting at things that will happen in the distant future and using those combinations of key words the sophisticated trading software used nowadays will translate into “buy”. The US stock market has been on a wild ride year on year but, here’s the not-so-extraordinary thing, over half these gains were thank to just ten megacaps whith just five of those accounting for a massive 37% contribution. In late July however the usual Summer selloff arrived. “Sell in May and go away” has always held true, even in times of booming stock markets: Summer months are always favored by several classes of investors to cash in their chips. Note this wasn’t a “crash” by any mean, but given the dizzying valuations reached by those ten megacaps, led by the usual FAANG (FaceBook, Amazon, Apple, Netflix and Google/Alphabet) even that selloff dip was enough to hurt, and nobody is hurting more than a slew of huge hedge funds, which had bought heavily into the FAANG and the handful of other market drivers. William Dudley is hence trying, merely by “hinting” and providing the modern day successors to Etruscan and Roman haruspexes with entrails to be scrutinized, to reverse that selloff. If it doesn’t work, Janet Yellen herself may drop a few words of wisdom. All of those who believed the Fed will change course and start “easing” again merely because of this dip are in for a disappointment: the pace may be the same as a funeral procession advancing through a snowstorm but the course isn’t changing. Well the markets have been ignoring everything the Fed has done so far. Rates up – dollar down. Rates up – stocks up. Rates up – bonds prices barely move. So why not increase rates now? Nothing negative has really happened as a result of the recent rates increase. Who cares what happens at the bottom end of socio-economic pile – they don’t count. I guess the markets could care less about what the Fed is doing. Even here in Oz the A$ ignores all the bad news and goes up. Chinese data out the other day missed across the board and the A$ went up. The current government in office is in a heap of trouble and should by all normal standards be out on its rear – ineligible people holding office. Again basically ignored by the markets. Sort of like NK keeps pushing the USA – launch, steal tech, buy this, launch another, get slapped with a piece of kimchi – repeat again……………. Maybe one of these days people will wake up and then watch out below. See, the same guy that run our show, run your show…all the same. This program has been brought to by the makers of Geroge Soros and son. Tell u a secret, the market is the FED. We all know the “Inflation” # the fed quotes, is BS. So do they. Factor this unspoken into Dudley’s spoken. Which is why more rate hikes, and shrinking of the balance sheet, have to be the path forward. To reduce excess liquidity in the market place. What the FED has to be careful of, is that the brake is only on a one wheel apple cart, which is very overloaded, and VERY easily upset. Gentle hands, with MUCH forward guidance is the way. Only an imbecile would ignore that forward guidance. There are many financial imbeciles in America, and on the rest of the planet. Many of which, have never in the adult lives, experienced FED tightening. This is so disingenuous. Without the meddling of the BLS, inflation has been running 8-9 % annually for the last five years. Low inflation is the BIG LIE that props up the markets…here and abroad. Not in the energy markets that’s for sure I don’t necessarily buy into the massive inflation story, outside of health insurance and housing prices/rent. Not that those aren’t hugely important. But here is a little story. For years I shopped at Walmart for non-food items. One of those items is Caffeine-Free Diet Coke, which my wife likes. I’d buy a 2 liter bottle once a week. For years, the price was $1.48. It would drop to $.99 around Christmas and shoot back up again. It stayed at that price for probably 8 years. Then, last year, the price went up to $1.50. Not a big deal, but around that time I stopped shopping at Walmart altogether. Last weekend I went back for kicks. The price, in one year, went up to $1.56 for their 2 liter Coke products, and they stopped carrying my wife’s favorite type. So the price is up and the product is gone. I read a while back that Walmart was going back to “low, low prices” as part of its campaign to beat Amazon. Seems like they lied. The reason for this is coke raises prices no matter what. So does Pepsi. Walmart is only passing on their price increase. They may have a year or two contract in place but even if input prices go down, they will not lower prices. Much like high end apartment rentals. They would rather not rent, than adjust the price. But if the Fed now feels lower inflation is permanent the implication is “lower rates for longer” as it’s less afraid of overheating the economy. This negates the “hawkishness” that the first part of this article seems to imply. Is there a function in Macroeconomics, akin to Worker Productivity for Consumer Efficiency? Deflation is occurring in areas where massive low cost investments were made over the past two decades and where there is competition. If there is deflation in pharmaceutical costs, please someone, send the message to my local stores and my health insurance company. You could say that Adam’s Smiths invisible hand theory might lead to efficient consumerism, but it doesn’t. There is actually more economic theory about the opposite behavior. Thorstein Veblen wrote about conspicuous consumption and other related topics. Totally inefficient spending. More dissembling by Yellen’s flying monkeys. The Fed’s sole purpose since its clandestine 1913 founding by the robber barons of the era has been to concentrate all wealth and power into the hands of its oligarch patrons. QE-to-Infinity enables Yellen’s kleptocrat accomplices to snap up the distressed assets of the increasingly pauperized middle and working classes on the cheap, while maintaining artificially low interest rates bilks savers out of interest income and forces yield-seekers to play in Wall Street’s rigged casino. Rackets this lucrative will not be “tapered” irregardless of how the Keynesian fraudsters at the Fed try to masquerade as a responsible central bank. As long as there are unlooted deposits of wealth for Yellen’s Goldmanite handlers to sink their blood funnel into, the Fed’s monetary malpractice will continue unabated. And here is how they will accomplish it. Recently the Chinese bought an initial $50,000,000 of, what else, tea ! This tea was put into a warehouse and a digital coin was created to represent its value. Digital coins can be reduced to infinitesimal valuations and traded, and so investors can trade the tea without ever having possession ( sound familiar). Anyone know more about “Serene Country Homes” a global builder based in Singapore? Reportedly they have purchased land in Dallas and digitalized its value. Anyone but a citizen of the United States can invest in the project. TITLE is always held by the original coin owner. Can you see where this is going? Any hard asset can ( and will be ) digitalized as a source of liquidity. For instance, equity in a home could be held in a digital coin. No 2nd mortgage needed to add on a west wing, or see a movie. or buy some beans, just draw down on your digital credit. That is until it is all gone and abracadabra, you are a renter ! These people are so far ahead of ordinary folks it’s like taking candy from a baby. Got to go now and run up to the top of that hill to warn the millennials. Poor babies, they won’t even see it coming. The “wealth effect” is yet another version of trickle down theory that establishment “economists” like those at the Fed use to justify policies that only help the chosen few. Like all academic economists, these people have no idea how a functioning economy works. I would call them bozos, but that would be an insult to the clown profession. Dudley’s talk is an admission that they never understood the structural deflationary dynamics of the new world – aging demographics, technology, global competition and excess debt. His talk sounds like an admission of Fed failure on the reflation goal. Aging and arrogant economists using models they developed in the 1970s & 80s for a different world is a ridiculous recipe. So now, “failure” is painted as a “welcome” thing. We need Central Banks OUT of policy. They should only supply liquidity in a crisis. Let the bonds run off and then stay out. They have destroyed the capital allocation process and created all sorts of false markets and unintended societal problems through arrogance. I saw Alan Greenspan last week talking about how the interest rate is below the all time historical lows of 3%. He finally realized that going below the all time historic floor and keeping it there for a decade has created a crack in the system. It seems our experts wanted to test the limits of the known banking world and landed up falling off. “He finally realized that going below the all time historic floor and keeping it there for a decade has created a crack in the system. It seems our experts wanted to test the limits of the known banking world and landed up falling off.” They FED has realized that if everybody uses the same methods as the Japanese they will all fall off. THE ECB has yet to get the message. The PBOC DOSENT CARE as long as the west falls off first. Japan may finally be achieving lift off, 27 + years after it’s QE infusion. which has cost it 1 probably 2 generations. Economically permanantly trashed. The US has 3+ X Japanese population. It is only 9 years into this Cycle. Larger Population will lengthen not shorten the Cycle. Plus teh US has china deliberately Inflicting more damage on its Economy than china could inflict on Japan in the 1991 2004 period. So 3 decades away you might get some improvment. JAPAN is your base model of QE, a fact of life, like the conception cycle, you cant only change, by gross outside interference, like Abortion, Sterlisation, Abstinence. The economic equivalent, large wars, A massive FEd tightening creating what QE! sought to avoid Asset price implosion /Correction and Huge depression. The last huge depression was ended by Abortion, AKA The 1939-45 world tour. Wars BIGLY, Seem to be the cure, Trump seeks, to the Issue, all he has left in his box of tricks, besides impossible promises, and more lies. As he is now almost at war with his own Republican dominated Congress. And just like FDR, Congress may not be able to stop him starting one. Technological improvements will lead to lower prices in the SHORT RUN. Over time as there is less competition the prices will rise. Step 1 is to knock out your competitors by either buying them or undercutting their prices (like Walmart and now Amazon). Step 2 is to be the only game in town which the FTC has little problem with (i.e. big banks got even bigger). Low inflation is because inputs are cheap (interest, oil, commodities and no shortage of cheap labor). – When I look at the 3-month T-bill rate (today) then Mr. Market’s message is quite clear. No ratehike and no rate cut (anytime soon). Seems Mr. Market “didn´t get the memo”. – If/when that rate drops below 1% then I shift to the “Perhaps a ratecut” position. – Yeah, sure. Here Dudley is promulgating the usual nonsense: Inflation is the driver behind movements in interests rates. Yeah, sure and I was born yesterday. If you read his memo closely, it is not inflation, its unemployment. In his world, unemployment is the driver of inflation, which then drives interest rates. He believes we are near full employment, and, because of market dynamics, that will drive wage gains which will drive inflation. What he doesn’t appreciate is that humans aren’t widgets, and the supply/demand characteristics that might drive prices (wages) are very different between widgets and humans. Human prices can be very sticky. – Ah, indeed. If wages would rise across the board then indeed inflation would rise significantly and interest rates with it. But employers are keen on keeping wage costs under control. Think e.g. the (ab)use of H1B1 visas. And we all know unemployment statistics are a joke (think: U6 & U3) – I could be wrong of course, but that’s why I still don’t believe inflation will rise dramatically. Assume the Fed is part of the “Deep State” and the Deep State is hellbent on destroying Trump.. Quantitative Tightening may be useful to crash the markets and by doing so, crush Trump. He’ll be blamed for a popping bubble which (unfortunately) he has been taking credit for lately. QE could then be used to reflate assets once Trump is taken care of. Ron J – Right now I imagine the people in the dark and shadowy tow4er that’s the HQ of The Deep State are kicking back, feet up on their desks, munching on popcorn and some nice craft beer, and laughing their asses off. They don’t have to do a thing to “destroy Trump” just sit back and enjoy the show as he destroys himself. “They don’t have to do a thing to “destroy Trump” just sit back and enjoy the show as he destroys himself.” des-crazy-trump-215492?lo=ap_d1 The main one is that I think that the asset prices are pretty consistent with what we’re seeing in terms of the actual performance of the economy. Look at the glacially falling value of the USD$…. down 10% since January. Even Trump has stated he wants a cheap dollar. They’re going to deflate the debt away. look folks it’s simple. The fed raises rates until something breaks. Then private equity swoops in and buys all distressed assets( homes) at .40 on the $. Happened big time in Atlanta. Will happen again. Too bad USGDP is comprised mainly of consumer spending! Ha! So Wolf, how long it will take the FED to get rid of this illusionary money? How do you make sense of “low inflation” data when we’re clearly in an era of massive asset inflation? Does the low inflation data exclude asset exchanges (real estate and equities)? It’s important to distinguish between consumer price inflation, asset price inflation, and wage inflation. The Fed deals with them separately too. It’s really worried about wage inflation. It wants around 2% consumer price inflation (based on PCE). And it likes asset price inflation and generally pushes it, but now it seems the Fed is worried that it pushed asset price inflation too far. Assets are used as collateral for debt. Banks own this debt. If asset prices go too high, they tend to implode … as we have seen, causing huge problems for the banks. The risks associated with asset price inflation have been raised by many Fed heads, including Dudley. So that’s one reason they’re tightening. They want to stop asset price inflation – because they don’t want to bail out the banks again and go through another Financial Crisis. “Assets are used as collateral for debt. Banks own this debt. If asset prices go too high, they tend to implode … as we have seen, causing huge problems for the banks.” Assets are the conduit through which banks create money from thin air. The money is created with interest attached to it. Therefore, the banks’ goal is to keep inflating assets and create as many receivables as possible, interest income? Last I checked, most bank income is still from interest, despite their best efforts with fees and Wall St. gambling. I don’t think they will do it. I think they are trying to talk the market down. don’t fall for the double speak… or the resulting anger! wolf, thank you for your great work… including facilitating civil discussions… contributors, thank you for the many insightful thoughts, laughs & civility… together we get to the truth, but not until we overcome the double speak & anger that often ensues…. when i was in business school, amar bhide, my accounting professor proffered that debt was good because it instilled discipline. my immediate visceral response was, discipline to whom and for what purpose… decades later and much deeper down the rabbit hole of reality i proffer that excess debt, like the current norm, instills discipline to the point it distorts behavior and degrades ethics. in order to service debts people must do what the system requires to earn capital, even when it goes against common sense, decency or just what is right. i have chosen to live below means so that i could make choices that are less influenced by $$ and more in line with my conscience, beliefs, desires, etc… to me this is part of living free… that being said, i recognize that many do not even have this option. hopefully we will wake up from this so distorted reality before it is too late.. & collectively decide to
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Why Apocalypse Now, Part 2 July 28, 2017 by John Little - OmegaShock.com | 63 Comments I was not intending to write a Part II, when I wrote last weeks article. But, a few things popped up that …
Why Apocalypse Now, Part 2 July 28, 2017 by John Little - OmegaShock.com | 63 Comments I was not intending to write a Part II, when I wrote last weeks article. But, a few things popped up that demonstrated a need to continue down this line of thought. This really is a perfect storm. There are so many threats that have moved into view, that I am surprised that we do not see some real hysteria over it all. Of course, the problem is our dumbed-down population and the evil cooperation by the morons in the mainstream press. Add in the Universities and their attempts at social engineering, and you truly have a recipe for disaster. So, lets look at some of the other pieces in our Apocalypse Puzzle. Subscribe to The Shock Letter and receive my articles in your inbox: http://theshockletter.com/ Or, get the Shock Letter via RSS Feed: http://www.omegashock.com/feed/ (If you need help with that, let me know JL) Why Apocalypse Now, Part 2 It is ironic that I would mention a perfect storm, since we have Severe Tropical Storm Nesat inbound. It wanted to be a Typhoon, but it just could get enough energy to make it happen. Maybe next time. But, lets look a bigger storm thats brewing. The Perfect Storm When the book hit the shelves in 1997, followed by the movie in 2000, The Perfect Storm grabbed and held peoples attention. Both the book and the movie were about a set of conditions that were perfect for the creation of something that would later be called, the 1991 Perfect Storm. From that moment on, any time we saw a series of events coming together perfectly to create a truly massive catastrophe we called it, A Perfect Storm. And, we have one of those brewing on the horizon. And, you will probably experience horrifying tragedy, if you do not prepare for this storm. The Apocalypse Puzzle Having said that, I called this Perfect Storm a puzzle an Apocalypse Puzzle. And, I laid out four pieces to that puzzle: PIECE #1: Energy PIECE #2: Cycles Of Empire And War PIECE #3: Grand Solar Minimum PIECE #4: Self Delusion Then Joel the Filipino left a comment, reminding me that there were OTHER pieces to this puzzle, notably Israel. You are absolutely right, Joel. Thank you for that reminder. I often get so caught up in one area, that I forget that theres a lot more to the picture. PIECE #5: Israel This is, by far, the most important piece, because it is Biblical. God has spoken of His promises to the Children of Jacob. He promised that He would return them to Himself. He promised that He would bring the children of Jacob back to the Land of Israel, and then cleanse them. And yes, you need to understand the order of events: 1 The Return 2 The Cleansing If you do not get that, then you have not been reading your Bible. Ezekiel 36 and 37 are very clear about this. Why this is so hard for people to understand, I really dont know. Its as if Christians have lost their minds. Now, if you need a clearer picture, let me point you to a website that I created a few years ago: http://www.ezekiel36-39.com/ That website focuses directly on the passages in scripture that describe Israels salvation. And, those passages are numerous. If you need a shorter, more concise discussion, go here: within-a-couple-of-decades/ But, when you are concise, you need to leave out a LOT of important detail. So, dont stick with just the concise version. Go for the whole thing. And, THAT means reading your Bible. Please also remember that it was God who established Zion. And yes, that means that God is a Zionist. I demonstrated that, here: http://www.omegashock.com/2017/06/09/god-is-a-zionist/ Im sorry that I didnt write that article sooner. The cries of outrage by anti-Semites were music to my ears. Why they should scream so loudly is a mystery to me. God is very clear about His views of that tiny patch of land. Please remember that Satan wants to supplant God as owner of Jerusalem. In fact, he wants to kick out God from the minds of everyone on Earth, and claim victory. And, Satan has his foul focus on a piece of land the size of the Island that Im currently writing from: Taiwan. Thats right. The Land of Israel is almost exactly the same size as this little island off the coast of China. The only real difference is the language, the amount of rainfall, the culture, the food, the religion and a few other things. Other than that, Israel and Taiwan are identical. (ahem!) Sorry, I couldnt help myself although, it is true that there really are quite a few similarities between them. Ive had more than one Israeli remark on this. PIECE #6: Anti-Semitism Satan has ALWAYS been an anti-Semite. Always. If you need a demonstration, just look at history. The only people that were more hated than the Jews, were the Christians. And no, I do not include the Catholics. The Roman Catholic Church murdered tens of millions of Christians throughout the Middle Ages and afterwards. Satan rules the RCC, and the RCC has hated the Jews with a passion. The same goes for the Orthodox Church. The OC has ALSO hated the Jews and Christians. And, lets not forget the Muslims. Muslim hatred of the Jewish people is incandescent. There is constant talk by Muslim scholars of the need to kill all the Jews. But, everyone knows about Muslim hatred of the Jews. But, why the rise in hatred of the Jews among christians? Ive been fighting against Christian Anti-Semitism for decades. I started in the mid-1990s, and have never stopped. And, I will never stop until the last christian anti-Semite chokes on his own evil words. How is it possible to be so anti-Semitic, while claiming to follow Christ? I am truly amazed by this, yet christian anti-Semitism is growing by leaps and bounds. It is reaching into churches everywhere, and it manifests itself most strongly among those who claim that the Rapture happens after the Tribulation. Thats why I wrote this chapter in Ezekiels Fire: http://www.ezekielsfire.com/section-one/twisting-the-bible/ Yes, I strongly disagree with the Pre-Trib position, but pretribbers are FAR better than the vast majority of post-tribbers. It would be far, far better for you to embrace a belief in a pre-trib rapture, than to rebel against God by rejecting His work in the Land of Israel. If you have hatred in your heart towards Israel, then you are serving Satan and not God. Satans sin was his rebellion against God, and you commit the same sin when you reject Gods promises for Israel. I dont expect you to love Israel as much as I do. We each have our burdens from God. But, if you dare to speak against the work of God, in the land where He placed His name well, I can only speculate on your place in eternity. Here, let me repeat a verse that I talk about often: For rebellion is as the sin of witchcraft, and stubbornness is as iniquity and idolatry. Because thou hast rejected the word of the Lord, he hath also rejected thee from being king. 1 Samuel 15:23 V PIECE #7: Demographics We are now in the midst of a gigantic shift in population. North America and Europe have declining populations as do Russia, China and Japan. In fact, the developed world is plagued by a shrinking population. The consequences of this situation will be nothing short of catastrophic. You will see some articles in the research section that deal with this, and this problem has been clear to everyone for a very long time. Unfortunately, they chose badly in how they decided to fix this. And yes, the flood of migrant barbarians into Europe was a part of this attempt to fix a declining population base. Its just more proof that you just cant fix stupid. (facepalm!) PIECE #8: The Rise Of Electronic Currency I remember the hubbub over the UPC labels that came out in the 70s. Everyone thought that they were The Mark Of The Beast. But, the hubbub died down, until a new-and-improved hubbub arose over implanted chips. We still have this hubbub, but Im afraid that its a tempest in a teacup. I believe that the true Mark of the Beast will be what it says: an mark. Its what the Bible says, and it makes more sense than a hackable implant. A mark is hard to hack, and those without The Mark will be unable to hide that fact. Why is this under the heading of Electronic Currency? Because you will probably need that mark to do electronic transactions. That mark might be your password, your cryptographic key or the ID that the system uses to track your electronic transactions. Whatever the case, this is really the first time that weve had a truly viable competitor to paper currency. Bitcoin has taken the world by storm, and the banksters are piling in. And, when you see the bankers pile in on ANYTHING, you know that there will be trouble ahead. PIECE #9: The Science Of Deception Last week, I talked about delusion. The Bible has spoken of it as being a part of the Last Days. God promised that He would send Strong Delusion to those who do not love the truth. (2 Thessalonians 2:10-13) And, our society often speaks of The Art of Deception. Well, there are major players out there that have perfect this art so well, that it would be more properly called a science. I ran into this, when doing research on MKULTRA. It was only one of the many mind control programs that the CIA was engaged in, and I believe that we see the CIAs footprints all over the massive deception campaigns that flash across our television and computer screens. Its really the only way that I can explain the utter insanity of what we are seeing today. And, journalists have come forward to speak of the influence of the CIA on their work. But, the CIA isnt the only culprit. I have an MBA and quite a bit of sales training. And, it took a while for me to realize that sales and marketing are just different words for manipulation. And, it has been perfected by big business for decades, to the point where the average person is quite vulnerable to the call of the shiny trinket. Our civilization has perfected deception upon a willing audience, and Im certain that the Antichrist and his minions will use those tools to great effect. A Unique Moment In Time We really live in a unique moment in time. Our forebears in faith have always wondered how The Last Days would look. Well, we know. The pieces are falling into place, and the picture of a perfect storm should be obvious for all to see if they are willing to see it. Note: Next weeks post will be late. Our church is holding a Vacation Bible School for the kids in our area, and Im the Bible teacher. Hopefully, next weeks article will come out on Saturday assuming that I survive! (And, pray for the little rug rats, that they see Christ as their Lord and Savior!) Read my book, Ezekiels Fire. Its the Fourth and final Edition Its free, and it may just save your life. Heres the website: http://www.ezekielsfire.com/ Or, download the PDF: http://www.omegashock.com/ef/ezekielsfire.pdf For E-Pub Format: http://www.omegashock.com/ef/ezekielsfire-epub.epub And, Kindle Format: http://www.omegashock.com/ef/ezekielsfire-kindle.azw3 THIS WEEKS RESEARCH My research sources are pretty wide ranging, and their number keep growing. So, instead of listing all of my sources, let me list the ones that deserve special mention: http://rebelplanetdispatch.blogspot.tw/ http://endoftheamericandream.com/ http://usawatchdog.com/ http://theeconomiccollapseblog.com/ http://themostimportantnews.com/ https://srsroccoreport.com/ http://www.paulbenson.me/ http://www.peakprosperity.com/ https://www.jihadwatch.org/ http://www.acts17.net/ http://www.billstill.com/ http://honestreporting.com/ A big thank you to all who sent me articles. I appreciate all of it. IF YOU READ NOTHING ELSE Yup, more than just special, these links appear to be the most important of all. Seriously, start with these. And yes, these are pretty serious. Repentance, Salvation and The New Bible Versions: (Yes, it Really does matter!) Lets Get It Right! When I read this, I was shocked. Now, I understand why I get so much pushback from Christians, when I talk about the judgment of God. How utterly corrupt. How dare they do this to the Bible! HOW DARE THEY! There is a special place in Hell for the translators who took away the precious words of God from the Bible. Many already burn in Hell, and it is their truly just reward. I am sickened by this, and this is not new information for me. It has just been a while since I looked at this. If you have the NIV, or any other corrupted Bible, throw it away. Thank you, Paul Benson, for reminding us of the need to be careful in our choice of Bible. This really makes me angry that they would do this. Please do this before you get hacked | Sovereign Man Please pay attention to this article. I was going to put this in the PREPARATION section, until I realized that it was far more important than that. And yes, it really is THAT important. You MUST treat your online security as carefully as you can. The person who is the centerpiece of this article paid a VERY high price by making some mistakes in how they create passwords, how they connect to the Internet and what banks he/she chose. Some of the details of this article have been changed to protect the person that this article describes. The good thing is that he (or she) has made the changes that will keep him from being a victim in the future. How do I know this? Because I know the person in the article. (And no, its not me.) Please. Treat this seriously. The evil out there is truly diabolical, and YOU are their target. UN Document From 2000 Exposes Global Migration Replacement Solution To Developed World Demographics | Zero Hedge We knew that there was a reason for this massive wave of migrants from Africa and the Middle East. And, we were hearing people say things like, Theyll help us retirement programs going, and Theyll help build our economy. Where did that come from? Probably a lot of places, one document from the UN explained what they are doing NOW. That UN document appears to be a roadmap for what is happening now. The interesting thing is that the UN is right on the need for more, younger people to be added to the European population. They got the problem correctly defined. But, they got the solution so badly wrong, that you would laugh if the circumstances werent so terrible. The biggest reason why the hordes of Muslims and Africans cannot succeed is that they arent European and they dont WANT to be European. They want Europe to be like Africa and the Middle East, but with all the money that Europe has. Have you noticed what Africa and the Middle East look like? Corrupt, violent and insane all of which, causes poverty. Extreme poverty. Why were these UN morons so stupid? The answer is that they went to university and then worked for government. Ive done both, and suffered terrible brain damage, as a result. So, its no mystery to me, why the UN did this. Bureaucratic stupidity is truly awe inspiring. I will never forget that first experience, and the shocked look on my face must have been pretty obvious since several people told me what I looked like. Never, EVER, underestimate the power of stupidity. However, theres another factor, and thats the part played by Soros and others like him, who seek the destruction of Europe. They got embedded into this project, and their success will destroy the world. Its the End of the World, and Matthew 24:7 was ALWAYS going to be a part of that. Awan Brothers Busted => FBI Seizes Smashed Hard Drives From Debbie Wasserman Schultz IT Aides Home It looks like George Webb is finally being vindicated. If you dont know about George and what hes been up to, go here: https://www.youtube.com/user/georgwebb He has uncovered a Pakistani spy ring being run by Hillary Clinton and Debbie Wasserman Schutz. And, its probably one of the most serious breaches of national security in the history of the United States. And, this spy ring has been operating since 2005. Its time for Debbie and Hillary to have a swift trial, and a firing squad. FBI Seized Hard Drives From Dem IT Aide | The Daily Caller Here is even more information on the Pakistani spy ring. This was the article quoted by Gateway Pundit. Day 276.1. Hillarys Leakers Hackers and Henchmen YouTube Here is George Webb talking about his work, that led to the above disclosures. My question, is WHY ARENT THEY GIVING GEORGE MORE CREDIT??? Day 277.1 Summary For Hillarys Leakers Hackers and Henchmen YouTube Here is an excellent summary of what has been happening so far. And, its REALLY ugly. Hillary Clinton and Debbie Wasserman Schultz have teamed up with Pakistani Intelligence ISI to create a spy ring for their own profit, while sharing Americas most vital and sensitive secrets. This is Above Top Secret stuff. Will they do anything about it? They might, if George lives long enough to make it happen. BREAKING: Former Wasserman-Schultz IT Staffer Imran Awan Arrested at Airport While Trying to Flee U.S. ANNNNNNNND. it looks like the spy ring is beginning to be unwound. They still arent giving George Webb credit for starting this process and revealing the spy ring. Will Hillary Rodham Clinton and Debbie Wasserman Schultz go down? Debbie, maybe now would be a good time to do a deal. While youre at it, take out some life insurance by making a record of all that you know, in case Clinton decides to off you. Rep. Steve King: Imran Awan Had Access to All the Communication of the Foreign Affairs Committee Breitbart The bad news about Debbie Wasserman Schultz and Hillary keeps rolling in. Its too late to cover it all up, but theyre trying. But, three words have escaped into the public sphere: The Awan Brothers With those three words, the Democrats are in serious trouble. Their leadership ran a Pakistani spy ring deep in the heart of Congress, where Americas deepest and most important secrets were shared. This is pure treason, and I want to see quick trials and an over-worked firing squad. Cable Networks Black Out Coverage on Wasserman Schultz IT Scandal Nothing to see here. Move along. Move along If The New York Times, CNN and MSNBC arent reporting on this, its not important. If the Democrats think that its okay, its not important. If John McCain hasnt said anything, then its not important. Also, the world is flat. Up is Down. Good is bad. Black is white. These arent the droids you are looking for. Now, that we have that bit of sarcasm out of the way, isnt it refreshing to live in a world where you are only told what THEY want you to know? I mean, were talking awesome all the time. Everything is beautiful, except with you look behind the inch thick stage props and realize that you can only defy gravity for so long. Eventually, the truth comes out. But, the moron media havent quite figured this out. Wasserman Shultzs IT Staffer Imran Awans Wife Flees to Pakistan Makes Off with $295,000 (Video) And, the Awan brothers made off with lots and lots of cash. Theyd already squirreled away millions and transferred American secrets to Pakistan. Tell me again how these guys were only discovered when it was too late to do anything about them? COMPLETE MEDIA BLACKOUT on Wasserman Schultz IT Scandal This is a nice if you can call ANYTHING about this as nice summary of current details of this Pakistani spy ring in Congress, run by Diabolical Debbie, along with the media blackout on the issue. Im trying to think of D words to describe Debbie Wasserman Schultz. So far, I have Duplicitous, Diabolical, Damnable, Devil,
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