Tulipomania is the name given to the earliest economic bubble in recorded history. An economic bubble is a market condition in which the price of an asset is far in excess of its intrinsic value but which is willingly paid by buyers in anticipation of finding other buyers who will pay an even higher price. The bubble bursts when buyers no longer are willing to pay more for the asset than its intrinsic worth. That causes those who own the asset to lose the amount by which they previously overpaid. This drop in value happens quickly in the form of panic selling.
That is what happened in Holland between the years of 1634 and 1637. It came to pass when a rare flower called a tulip was discovered in Constantinople. When the root bulbs were brought into Holland, they became a status symbol among the wealthy ‒ much as race horses or rare breeds of dogs are today in our own society.
The price climbed steadily until tulip bulbs became, not merely symbols of status, but speculative investments. At one point, prices doubled every few days, and speculators were seen everywhere amassing great fortunes with no output of labor or service.
Many otherwise prudent people found themselves infected by the hysteria, They borrowed against their homes and invested their life savings to get in on the windfall. Contracts for future delivery of tulip bulbs ‒ a form of today’s commodity market ‒ became a dominant feature of Holland’s stock market.
Tulip bulbs became more precious than gemstones.
As new varieties were developed, the market became more complex, requiring experts to certify their origin and their grade. Prices soared, and some bulbs sold for the equivalent cost of a new automobile in today’s world.
Then, completely without warning, it was over. Overnight, there were no buyers at any price. Speculators by the thousands saw their life savings ‒ and their dreams of easy wealth ‒ disappear together. Tulipomania had come to an end. … Or did it?
Take a good look at today’s stock market and check out real-estate prices, too. You will be amazed at the similarity to the tulip market of 1636.
The talking heads on TV are giddy lately over how wonderful it is that the stock market has “rebounded” and the real estate market is “booming” once again. The truth, however, is that these are classic manifestations of economic bubbles and, like all the previous ones in history, they are destined to burst.
My friends at the Success Council, Max Wright and Jarrod Dennis, have just completed an online briefing on the imminent bursting of, not one or two, but seven global economic bubbles. They are:
► Government debt
► Stock market
► Real Estate
► Sovereign-bonds
► Derivatives
► Student debt
► Unfunded government liabilities
When bubbles burst, a transfer of wealth always takes place – from the victims to the schemers and from the unprepared to the prepared.
If you are wondering what life could be like when these bubbles burst in Europe and the US, just look at what recently has happened in the stock markets of the world and on the streets of Venezuela. When bubbles burst, the economy crashes, and when that happens, life becomes grim, indeed.
Max and Jarrod have been telling people about this scenario for years. Now, in their new, two-hour briefing, they reveal everything they have learned. The standard cost for attendance is $197. However, because of my relationship with them, they have agreed to set aside a limited number of free tickets for our subscribers. It doesn’t get any better than that.
Not to want to know about this would be a big mistake.
Many people will find this interview is just too “out there” to be true but please listen with an open mind and follow the research where it leads you. This is amazing stuff when you think about it because it explains WHY and HOW we got here.
*Note: I just got off the phone with someone that knows first hand that there is a secret operation still going on in the Grand Canyon as he was “detained” in the 1960’s while on a fishing expedition and was taken to a military base within the cordoned off area. He claims to have SEEN mining operations going on as well as some of the Egyptian artifacts. This source is more than credible to me and his description and detail of the area fits exactly with my analysis of what happened with the Fed in 1913.
Enjoy hearing one of the greatest secrets of all time!
This is a very important story and shows how China and Russia are increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers to the U.S.
The Chinese are very aware of the importance of symbolism and this appears to be a subtle show of allied force and underlines the strength of their deepening alliance with Russia. – Gold Core
Chinese President Xi Jinping leaves the White House, where he discussed the theft of commercial secrets, and heads to New York to check in tonight at the Waldorf Astoria, where his privacy is sure to be guaranteed by the hotel’s new Chinese owners.
On Sunday, Xi will be joined by Russia’s Vladimir Putin, who also picked the Waldorf for his first stay in Manhattan in a decade, according to diplomats preparing for the Eurasian leaders’ address to the annual seven-day session of the United Nations General Assembly.
The occupancy of two such high-profile figures, whose countries routinely vote in tandem at the UN Security Council, comes as the U.S. instead switches loyalties after a decades-long tradition of staying at the storied hotel built on a former cemetery. President Barack Obama and his entourage will relocate to South Korean-owned Lotte New York Palace Hotel for UNGA week.
The Hilton Worldwide Holdings Inc. sold the midtown hotel in 2014 to Beijing-based Anbang Insurance Group Ltd. for $1.95 billion. For now, the 42nd floor of Waldorf Towers still serves as the official residence for the U.S. ambassador to the UN.
Secure Location
While the Hilton will manage the property for the next century under the terms of its sale, Anbang’s ownership and call for a major renovation raised concerns about whether the Waldorf would remain a secure location for sensitive and classified government conversations, according to two U.S. officials, who asked not to be named citing sensitivity of the matter.
Indian Prime Minister Narendra Modi and Pakistan’s Nawaz Sharif are staying at the Waldorf, which is just a few blocks east of the UN campus.
German Chancellor Angela Merkel and Brazilian President Dilma Rousseff, whose personal phone calls have been spied on by the U.S. National Security Agency, instead chose lodgings farther north from Turtle Bay in east Midtown.
Merkel will be getting her beauty sleep at the Mandarin Oriental in Columbus Circle, and Rousseff at the Plaza Athenee in Lenox Hill.
(Corrects to remove reference to South Korean president in sixth paragraph.)
In Malaysia, the 3Rs – race (the Malay race), religion (Islam) and royalty (the Malay Sultans) – ideology (code word for Malay supremacy) and strategy has underpinned the ruling party’s grip on the Malaysian community. Since the twelfth general election in 2008, however, the efficacy of this ideology and strategy appear to be on a downward slide, especially among urban Malaysians. The critical question now is: What extent will the prime minister and the leaders of UMNO use the politics of Malay supremacy to remain in power?
One of the most outspoken is the Sungai Besar United Malays National Organisation (UMNO) division chief, Datuk Jamal Md Yunos, who is organizing a “red shirt” rally for Sept. 16 (which coincidentally is Malaysia Day) to teach the Democratic Action Party (DAP) Chinese not to be rude to Malays. He has also warned non-Muslims to avoid Kuala Lumpur. Already rumors are spreading and the recent Low Yat riot comes to mind.
But the story is rapidly evolving. After fierce criticism from a wide spectrum of society, including from former UMNO stalwarts and public disavowal from prominent Malay associations, the ‘theme’ has now changed. It appears that it is no longer Himpunan Maruah Melayu (Rally for Malay Dignity), but rather a Himpunan Rakyat Bersatu (Rally for Citizens Unity). Questioned for its legality earlier, the rally is now legal according to Malaysia’s Inspector General of Police. It is now being organised by the Malay martial arts sports association, Pesaka (the National Silat Federation), whose chair is the former Malacca Chief Minister, and current UMNO senator, Tan Sri Mohd Ali Rustam.
Despite the cosmetics, the motive remains.
It’s a common practice for leaders in the Malay community, especially from UMNO, to rally their supporters by appealing to race, religion and royalty; the symbols of Malay supremacy in Malaysia. Legitimate challenges within Malaysia’s narrowly defined democratic space are interpreted as “humiliating Malays” by those at risk of losing power. This is entirely predictable and was seen most clearly at Malaysia’s thirteenth general elections. It is important to note that its antecedents are likely in the creation of the Malayan state.
The force of this ideology was seen most vividly at Malaysia’s third general election in 1969, when UMNO performed poorly and ethnic riots between Malays and Chinese took place on May 13. Accounts vary as to what actually happened, but the underlying message was that while Malaysia is a “democracy,” power must always remain with the Malays, and preferably under UMNO. Otherwise, the loss of Malay supremacy would see them become marginalized within their own nation (as argued by their proponents).
Since then, the specter of May 13 is often raised for a host of different reasons, from justifying affirmative action for the Malays to banishing ideas for further democratization. Ironically, it is the DAP – the most successful opposition party and predominantly Chinese – that is always the reason given as to why another May 13 could happen.
The specter of May 13 is also commonly used by beleaguered UMNO leaders to rally their supporter. When UMNO was split in 1987, a certain UMNO Youth leader was alleged to have unsheathed a keris (Malay dagger) and reportedly vowed that the keris would be bathed in Chinese blood. UMNO general assemblies (including its Youth and Women’s assemblies) are routinely filled with symbolism such as this, accompanied with cries of protecting and “ennobling” (memartabatkan) the Malay race, the Malay language, the Malay culture, the Islamic religion and the Malay Sultans.
People attend the general assembly of the ruling United Malays National Organisation (UMNO) at the Putra World Trade Center (PWTC) in Kuala Lumpur on Dec. 5, 2013. The ruling party UMNO’s six day general assembly began with the official opening by the party President Najib Razak. (MOHD RASFAN/AFP/Getty Images)
The party has failed to offer new ideas to attract the young Malays to support its ideology, which in recent years has drifted more to the right. The prime minister, Dato Seri Mohd Najib Tun Razak, through the concept of One Malaysia has tried to bring UMNO back to the center space of national politics, where race and religious tolerance is at equilibrium.
But his message doesn’t seem to resonate with the majority of the delegates and even among his bench of Supreme Council members, who may have come to a conclusion that another event of racial and religious strife in the country is the best way to retain Malay power.
The Deputy Home Minister concedes that the thinking at the highest levels in UMNO is that racial and religious strife can bring benefits to the party.
In cables leaked exclusively to The Sunday Age by WikiLeaks, several of Singapore’s highest ranked foreign affairs officials – Peter Ho, Bilahari Kausikan and Tommy Koh – raised serious concerns over key politicians in Malaysia, including the then-Deputy Prime Minister Najib Razak.
According to one cable detailing a meeting in Sept. 2008, Kausikan told U.S. Deputy Secretary of Defense for East Asia David Sedney that ”the situation in neighboring Malaysia is confused and dangerous,” fueled by a ”distinct possibility of racial conflict” that could see ethnic Chinese ”flee” Malaysia and ”overwhelm” Singapore.
”A lack of competent leadership is a real problem for Malaysia,” Kausikan said, citing the need for Najib Razak – now Malaysia’s prime minister – to ”prevail politically in order to avoid prosecution” in connection with a 2006 murder investigation linked to one of Razak’s aides.
”Najib Razak has his neck on the line in connection with a high-profile murder case,” Kausikan said.
Ho’s March 2008 assessment of Malaysia, given to another U.S. official, is also unflattering, and includes claims that former Prime Minister Mahathir Mohamad has been ”throwing stones” at his replacement, Abdullah Badawi.
”The political knives will be out for Abdullah’s son-in-law, United Malays National Organization politician Khairy Jamaluddin, whom nobody likes because he got where he is through family ties,” the cable records Ho saying. ”As for … Najib Razak, he is an opportunist. Although he has not been critical of Singapore, he will not hesitate to go in that direction if it is expedient for him to do so. Najib’s political fortunes continue to be haunted by the … murder scandal.”
Prime Minister Najib Razak is under intense pressure to resign. To compound his already numerous problems, a recent documentary by Al Jazeera once again raises serious questions of his alleged involvement in the murder of a foreign national.
If Najib’s supporters are of the opinion that sparking social unrest would be to his advantage, they may want to look back in history on how his father came to power.
If supporters of UMNO begin to think that such disturbances are likely to help it retain power in Malaysia, it would indeed be a frightening prospect, especially as divisions within the party have become all too apparent. Former prime minister Mahathir Mohamad appeared at a recent anti-government rally, urging UMNO’s members of parliament to replace Najib and has condemned the ‘red shirt‘ rally.
Those assessments made by Singapore’s foreign affairs chiefs on Malaysia are increasingly looking spot on.
The Ancient Indian Rishis called 7.83 Hz the frequency of OM. It also happens to be Mother Earth’s natural heartbeat rhythm, known as the “Schumann Resonance.” According to Wikipedia, “Schumann resonances are global electromagnetic resonances, excited by lightning discharges in the cavity formed by the Earth’s surface and the ionosphere.”
For many years this resonance frequency has hovered at a steady 7.83 Hz with only slight variations. In June 2014 that changed. Monitors at the Russian Space Observing System showed a sudden spike in activity to around 8.5 Hz. Since then, they have recorded days where the Schumann accelerated as fast as 16.5 Hz. (The graph is usually blue with some green, and no white.) At first they thought their equipment was malfunctioning, but later learned the data was accurate. What was happening?
The Earth frequency was clearing speeding up. Since the Schumann frequency is said to be “in tune” with the human brain’s alpha and theta states, this acceleration may be why it often feels like time has sped up and events and changes in our life are happening more rapidly.
These emerging resonances are naturally correlated to human brainwave activity. So this means, we are changing. Many years ago I was trained in EEG Neurofeedback, so I looked at what these accelerated frequencies might be telling us about human evolutionary change. A 7.83 Hz frequency is an alpha/theta state. Relaxed, yet dreamy—sort of a neutral idling state waiting for something to happen. A 8.5 – 16.5 Hz frequency moves one out of the theta range into more of a full calmer alpha state with faster more alert beta frequencies starting to appear. (This correlates with slowly waking up cognitively). Since the Schumann Resonance has had some sudden spikes between 12 – 16.5 Hz (see pic’s white areas), I found this even more interesting. In Neurofeedback, 12-15 Hz is called Sensory-Motor Rhythm frequency (SMR). It is an ideal state of “awakened calm.” Our thought processes are clearer and more focused, yet we are still “in the flow” or “in the know.” In other words, Mother Earth is shifting her vibrational frequency and so are we. We are AWAKENING.
Earth’s magnetic field, which can affect the Schumann Resonance, has been weakening for the past 2,000 years and more so in the last few years. No one really knows why. I was once told by an wise old sage from India that the magnetic field of Earth was put in place by the Ancient Ones to block our primordial memories of our true heritage. This was so that souls could learn from the experience of free-will unhampered by memories of the past. The magnetic field changes are now loosening those memory blocks and we are raising our consciousness to greater truth. The veil is lifting. The blinders are coming off.
With this acceleration, you may feel more tired, exhausted, dizzy, depressed, and even strange as you raise your frequencies to be “in tune” with the New Earth. Adaptation is not always an easy process, but keep in mind it’s all part of your own unique AWAKENING.
Dr. Kathy Forti is a clinical psychologist, inventor of the Trinfinity8 technology, and author of the book, Fractals of God. amazon.com/author/k
Current scandal is not the disease, it’s the symptom
It is ironic that a chorus of leaders from the United Malays National Organization have accused critics of scandal-scarred Prime Minister Najib Razak of “seeking to destroy parliamentary democracy in Malaysia.”
There is no parliamentary democracy in Malaysia. Malaysia’s government is broken. Every institution that exists in a normal democracy to protect the people does not work. That includes the parliament, the courts, the police, the mainstream press and the religious establishment, which all act to perpetuate the ruling coalition – primarily UMNO – in power.
“Constitutional democracy has taken a new meaning in Malaysia and that is the status quo of the incumbent power,” one of the country’s most prominent constitutional lawyers said privately. “There are threats even against me for having acted in my professional capacity as a constitutional lawyer for those who desire to seek change.”
“Our parliament is a rubber stamp; our judiciary is compromised; our civil service is mediocre and incompetent”
The situation is not new. Najib, who is accused of stealing hundreds of millions of dollars of taxpayer money by critics – but not by law enforcement agencies – is not the cause of the breakdown. He is only a symptom of it. While UMNO has dominated politics since independence in 1957 under the Barisan Nasional, the current system was largely built by Mahathir Mohamad during the 23 years he was in power.
It’s been a long time coming
The breakdown began decades ago, even before the subversion of the courts by Mahathir in the 1980s, although that was a major contributing factor. The Barisan Nasional inherited a series of repressive laws from the colonial British, including the Internal Security Act, which allows for indeterminate detention without trial. Although the ISA was supposedly suspended as a reform by Najib in 2012, it was replaced by an almost equally pernicious statute, Section 124 of the Penal Code, which allows for the arrest of individuals “for activities detrimental to parliamentary democracy.”
Another is the Printing Presses and Publications Act of 1984, which replaced similar colonial laws and requires all printing presses to secure an annual license from the Home Affairs Ministry.
The British also bequeathed the Sedition Act of 1948, which banned speech that would “bring into hatred or contempt or to excite disaffection against” the government or engender “feelings of ill-will and hostility between different races.”
The sedition act has been used repeatedly as the current scandal has grown in proportion, with its most notable potential victim Clare Rewcastle Brown, the UK-based journalist and blogger whose Sarawak Report has played an instrumental role in exposing corruption connected to 1Malaysia Development Bhd, the state-backed investment fund that has amassed RM42 billion in debt. Scores of others including opposition politicians, activists, academics, journalists and cartoonists are being investigated or have been charged.
“Our parliament is a rubber stamp; our judiciary is compromised; our civil service is mediocre and incompetent led, by a bunch of apple polishers; our police force, which is headed by an Inspector General of Police, treats us like enemies of the state, not as taxpayers and citizens who should be protected from criminals,” said Din Merican, a Malay university professor now teaching in ,Cambodia. “Our fiscal management is in a total mess because we have a Finance Minister who regards our national coffers as if they were his own and mismanages our economy. We have rampant corruption and abuses of power.”
Rigging the game
Things really began to go downhill in 1986 when the country’s highest court ruled that the government’s cancellation of the work permits of two Asian Wall Street Journal correspondents was unlawful. That was followed by the High Court’s decision to issue a habeas corpus writ for the release of opposition leader Karpal Singh from detention.
Then Justice Harun Hashim declared UMNO illegal and dissolved the party. An outraged Prime Minister Mahathir fired the chief justice and subsequently moved parliament to amend the constitution to say that the courts would only have judicial powers “as may be conferred by or under Federal law,” making Malaysia the only Commonwealth country whose courts do not have judicial powers unless the legislative branch says so.
As a result, the courts are clearly in thrall to the governing party, as witnessed by the two farcical trials that put opposition leader Anwar Ibrahim in prison against all evidence, and a long string of decisions that have cleared government leaders despite strong evidence of their guilt.
Democracy itself is broken, with gerrymandering keeping the opposition in its place. Witness the 2013 parliamentary election, which the Barisan actually lost, 51.39 percent to 47.79 percent, although it retained 133 seats to the opposition’s 89. It was an election won on vast infusions of apparently illegal money, if the latest revelations are true that Najib’s US$681 million “donation” diverted into his account was to help him fight the election. Top leaders of the ruling party are ignoring the deepening scandal because the prime minister has paid them continuing rounds of ill-disguised bribes to keep their loyalty. In addition, the election commission comes under the purview of the prime minister’s office, rendering it toothless.
Broken presses
In addition to being muzzled by the printing act, the idea of a free press, which would keep a watchdog eye on the government, has been subverted by the fact that virtually all of the major media, both in English and Malay and including newspapers, television and radio, are owned by constituent parties of the Barisan. Najib used his powers recently to shut down the two most critical newspapers, both owned by The Edge Group, for three months after they reported on the 1MDB mess. Neutral or hostile online media, which is freer but subject to partisan pressure, are constantly threatened with lawsuits that can’t be won in the kept courts, or by sedition or other charges.
Bad religion
The ruling party also has become adept at using Islam as a cudgel to beat other races, particularly the Chinese, and to scare the kampungs, or rural villages, back in line while splintering the opposition.
Opposition leaders and others have accused Najib, with some justification, of being behind a “unity government” strategy to support the fundamentalist Parti Islam se-Malaysia in its effort to implement hudud, or harsh Islamic law, in the state of Kelantan, which it controls. The idea is to destroy a shaky opposition coalition cobbled together seven years ago out of disparate elements. That effort appears to have succeeded, with PAS splitting the opposition coalition earlier this year.
It is the use of religion for cynical political ends that may be the most dangerous part of the UMNO strategy. The so-called Group of 25, comprised of senior civil servants, former diplomats and others, issued an open letter in December calling for moderation; they have renewed their call, saying the imposition of hudud would tell the world that the country has abandoned its once-moderate path.
“We have become a racist and theocratic state led by men and women who no longer uphold the traditions of public duty,” said Din Merican. It is hard not to agree.
Almost 4,000 Saudi forces fled their border bases in anticipation of Riyadh’s order for launching a ground assault on Yemen, European diplomatic sources said on Sunday.
“The intel gathered by the western intelligence agencies showed that the Saudi military forces have fled their bases, military centers and bordering checkpoints near Yemen in groups,” diplomatic sources were quoted as saying by Iraq’s Arabic-language Nahrain Net news website.
The European sources said that the Saudi forces’ mass AWOL forced Riyadh to declare ceasefire and dissuaded it from launching ground attacks against Yemen.
Other reports also said that over 10,000 soldiers from different Saudi military units have fled the army battalions and the National Guard.
Experts believe that the Saudi army lacks strong morale to launch a ground invasion of Yemen and such an attack would be considered as a suicide for Saudi Arabia.
Saudi Arabia has been striking Yemen for 32 days now to restore power to fugitive president Mansour Hadi, a close ally of Riyadh. The Saudi-led aggression has so far killed at least 3,005 Yemenis, including hundreds of women and children.
Hadi stepped down in January and refused to reconsider the decision despite calls by Ansarullah revolutionaries of the Houthi movement.
Despite Riyadh’s claims that it is bombing the positions of the Ansarullah fighters, Saudi warplanes are flattening residential areas and civilian infrastructures.
On Tuesday the monarchy declared end to Yemen airstrikes after four weeks of bombings, but airstrikes are still underway.
Federation Forces? Apparently a push for a world war is still in the bag…
By: Sorcha Faal, and as reported to her Western Subscribers
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A comprehensive Ministry of Defense (MoD) report circulating in the Kremlin today stunningly states that a total defeat of all United States military forces by Federation forces is possible to achieve in about 3 weeks should President Putin order the activation of the Ministries “first strike” war plan against America and its NATO allies.
According to this report, a total defeat of all US military forces would begin with the immediate destruction/disablement of all 19 US Navy aircraft carriers and capable aircraft carriers , the destruction/disablement of all US-NATO military satellites, a strategic takeover of US-NATO heavy arms depots in Norway and Germany by airborne Spetsnaz (Special Forces) troops, the “obliteration” of all US bases in the United Kingdom, the saturation of European Union airspace utilizing special weapons technology and the “preparation for use” of 500 tactical nuclear weapons.
Once having accomplished the foregoing, this report continues, total US-NATO troop losses would exceed 35,000 (dead, wounded, captured and missing) with an accompanying loss of, at least, $15 trillion in US-NATO equipment (ships, aircraft, armour, etc.).
Having then achieved an initial tactical advantage over US-NATO forces within the first 24 hours of war, this report notes, a stipulation to end hostilities would then be issued to the West demanding the immediate removal of all American forces, nuclear weapons and equipment from Europe which when accomplished Federation forces would then disengage and cede their territorial gains.
If rejected though, this report grimly warns, Federation forces would then begin tactically nuking US-NATO military bases in Europe while simultaneously initiating EMP/Electronic Warfare against the United States and Canada and “preparing for use” the Federations intercontinental ballistic missiles (ICBM’s).
Most bizarre/ingenious in this MoD report, however, is its stating that the political machinations that will erupt in the West, especially the United States, upon the initial outbreak of war involving global warming alarmists, and other such environmental and social engineers, and their fears of total global nuclear war occurring, will cause both the US and EU to lose their political will to fight nearly immediately.
The global warming environmental factions in the West, this report explains, will call for an immediate halt to war over their fears of the catastrophic damage to the environment that would occur due to nuclear war, while Western social engineers will fear losing their anti-Christian global agenda should the Christian forces of the Federation prevail.
Critical to note, also, in this MoD report is its actually stating that tens-of-millions of Christian-Americans could very well provide another “fifth column” of Federation support due to their having to either defend their own “demonic” leaders destroying their nation, or, defend the Christian-Federation forces seeking to liberate the United States, Europe and the rest of the world from the blatant reordering of Western society towards “satanic design”.
And should these “fifth column” Christian-Americans support the Federation, this report claims, an all-out nuclear catastrophe would be averted and the United States, under new Christian leadership, would then be able to return to its peaceful ways and quit terrorizing the world.
And in Christian-Federation forces facing such a “sexual-deviated” force, this report estimates, it would only take 3 weeks before these Americans “will to fight” was extinguished.
When the U.S. Federal Reserve last week opted against its first rate hike in nine years, governments around Asia breathed a sigh of relief. But that relief could be short lived.
While the region’s biggest economy, China, can likely withstand any negative flow through whenever the Fed does eventually move, others, like Malaysia are braced for a hit to growth.
That’s because a U.S. rate hike could accelerate declines in developing Asian currencies and in the process raise funding costs for firms and consumers, constraining demand and disrupting growth, according to HSBC Holdings Plc. The relationship is particularly dangerous in economies where consumption and investment is driven by debt and may be exacerbated when U.S. dollar interest rates begin to rise, it said.
Take Malaysia, where credit to the non-financial private sector as a share of gross domestic product rose to 135 percent in the first quarter from 115 percent in the same period in 2009, data from the Bank for International Settlements show. The ratio is even higher in China, where it rose to 198 percent from 130 percent.
China’s “exchange rate adjustment in August, and resulting capital outflows, may have temporarily tightened financial conditions in the country,” said Frederic Neumann, co-head of Asia Economics Research at HSBC. “However, PBOC easing helped to blunt this effect and reinforced capital controls should ensure that there’s only a tenuous link between currency moves and funding conditions on the mainland.”
Yet, the People’s Bank of China has cut interest rates five times since November and lowered the proportion of deposits banks have to set aside as reserves in a bid to boost lending and avert a further slowdown.
The yuan has fallen about 2.6 percent against the U.S. dollar this year, compared with Malaysia’s ringgit, which has dropped more than 18 percent against the greenback, the biggest loser among the 11 most-traded Asian currencies tracked by Bloomberg.
Malaysia’s economy expanded the least in almost two years in the three months through June. Private consumption is expected to moderate as households continue to adjust to the implementation of a new consumption tax and the more uncertain economic environment, the central bank said in a Sept. 15 statement.
“Malaysia is among the most vulnerable given that it has seen among the biggest moves in the currency and it has a high debt-to-GDP ratio,” said Neumann. “That would make Malaysia likely to suffer a tightening of financial conditions which could impact growth over time.”
With Fed officials arguing an interest-rate increase is still warranted this year, emerging Asia’s recovery may be a ways off.
This is of interest to those watching the development of Malaysia and Singapore
I am currently reading two books in parallel:
The March to Putrajaya This is about the recent and current happenings in
Malaysia. It is the first book I am reading as an e-book (attached)
Men in White. This is the history of Singapore for the last 50 years The contrast is most enlightening; not that one has to read the books to know. The books spells out the minutiae that is not intended for the public eyes. Needless to say the former is banned in Malaysia.
UMNO and Population Engineering by Hussein Abd Hamid Since 1957 UMNO has effectively carried out the population engineering of our country to ensure its long-term survival by creating the myth of a two pronged “Ketuanan Melayu”. “Ketuanan Melayu” for the Malay masses who are lulled into a feeling of being superior over the non-Malays because of their numbers and “Ketuanan Melayu” for the UMNO Malay political elites through the accumulation of massive material wealth for themselves and their cronies. And while UMNO has failed by almost any measure you chose to gauge them – good governance or morality – without question they have succeeded too well in the engineering of the population of this country of ours.
The duplicity of UMNO in proclaiming Satu Bangsa, Satu Negara while all the while undertaking a relentless program to whittle down the numbers of the non-Malays through very precise and focused initiatives is breathtaking in its effectiveness!
Consider this:
In 1957:
– 45% of the population are Chinese.
– 12% of the population are Indians.
In 2010
– 25% of the population are Chinese.
– 7% of the population are Indians.
Over 600,000 Chinese and Indian Malaysians with redIC were rejected repeatedly when applying for citizenship and possibly 80% of them had passed away due to old age.
Since 1957:
– 2 million Chinese have emigrated.
– 0.5 million Indians have also emigrated overseas.
– 3 million Indonesians migrated to Malaysia to become Malaysian citizens with Bumiputra status.
Now the non-Malays are well aware of this tinkering and engineering of our population and it would do us Malays no good to say that it was UMNO doing and that we had no hand in what happened. As a Malay I was then comfortable that UMNO was the dominant partner in the Barisan Nasional.
It was comforting to know that Malays controlled four of the five major banks. Education? Between 1968 to 2000:
– 48 Chinese Primary Schools closed down.
– 144 Indian Primary Schools closed down.
– 2637 Malay Primary Schools were built.
Of the total government budget for these schools 2.5% were for the Chinese Primary Schools, 1% for the Indian Primary School and 96.5% for the Malay Primary School .
Petronas Petrol Stations? Of the 2000 stationsthe Malays owned 99%. Yes we Malays were indeed in control. In control of what?
We were in control of the all the business licenses and permits for Taxis and Approved Permits.
We were in control of Government contracts of which 95% were given to Malays.
We were in control of the Rice Trade through Bernas that bought over 80% of Chinese Rice Millers in Kedah.
We were in control of UMBC, MISC and Southern Bank – all previously owned by Chinese.
We were in control of bus companies. Throughout Malaysia MARA buses could be seen plying all the routes. Non-Malays were simply displaced by having their application for bus routes and for new buses rejected.
Every new housing estate built had a mosque or a surau. None, I repeat “no” temples or churches were built for any housing estate!
So why with control over all these highly visible entities and business opportunities are the Malays still unable to stand tall and with pride over and above the non-Malays? We are unable to so do because it was not the Malays that benefited from these opportunities – UMNO did.
Why must UMNO constantly harp about the need to spoon feed the Malays – about ketuanan Melayu when it is already in place and about Bumiputra status and all the privileges and rights that goes with that status?
And as a Malay I want to ask the non-Malays why do you still choose to live in a country whose government has by its actions and deeds done whatever it could to make you feel not welcome? The non-Malays I know have all told me the same thing – Malaysia is their country – they know of no other country they can call their own. And so they stay and put up with the abuses.
The difference now is that there are enough Malays who are shamed by the antics of this Malay political organization called UMNO. There are enough Malays to tell the non-Malays that we feel your pain. We understand your frustrations and despair at not being treated as equals in a country you call your own. And enough non-Malays have migrated abroad to cause our country to understand that their loss is another country’s gain. A loss, which our country can ill afford to sustain.
And more importantly all this ground swell of disgust and contempt at UMNO has manifested itself in a way these political idiots understand – losing our votes in the 12th General Elections. Amen for that. And so we wait for the 13th General Election which we hope will dish out the relevant karma for UMNO and its Barisan Nasional partners. Meantime understand what they have done to us all – not only the non-Malays but also to the Malays and do not allow Barisan Nasional to play the race card and start their divide and rule antics on us anymore.
You are one with me we are two. HIGH TIME TO WAKE UP FROM OUR COMFORT ZONE…….ALL OF YOU OUT THERE…MALAYSIA IS NOT DOING ALRIGHT AT ALL…IT IS STILL NOT TOO LATE…..UNITED WE STAND, DIVIDED WE FALL !!!
FOR THOSE WHO KNOW WELL, SHOULD PASS THE MESSAGE AROUND TO THOSE WHO ARE STILL SLEEPING.
Former Reagan Administration budget director David Stockman says the biggest crash coming is not going to be in the stock market. Stockman warns, “I think we are headed for a central calamity. The central banks of the world have been on a 20 year campaign to massively expand their balance sheets and intrude into financial markets in ways that were never before imagined. In the process, they falsified every asset value there is from overnight money all the way to 30-year bonds and the stock market. Everything now is trading off the central banks, but the central banks have hit the end of the road. They have printed so much money and created such a massive global bubble that we are now in the process of that bubble fracturing. The central banks are now beginning to become confused and panicked about what to do. The Chinese have no idea what to do with their $28 trillion credit bubble and that house of cards in China. Our Fed is now on the verge of another meeting where they are debating if 80 months of 0% interest rates is enough. That is crazy.”
Stockman, who also had a 20 year career on Wall Street, says enormous amounts of global bond debt will never be repaid. Stockman explains, “That’s why I say the financial system is booby-trapped with debt bombs waiting to explode. I use the 100 year Brazilian bonds as an example, but there are trillions of dollars of this stuff all over the place. You know the central bankers pretend that they don’t see any bubbles. These people are not only bubble blind, they are bubble deaf. They have no capacity to understand the explosive nature of the financial markets that they are toying with.”
Stockman goes on to paint a grim picture and says, “What happens when the financial breakdown comes is there is a great margin call. Everybody says ‘I want my money back and I’ll take your collateral if I don’t get it back. If I do take your collateral, I will sell it for whatever price I can get and cut my losses.’ So, this is truly a house of cards. The whole pyramid of debt and what we call hypothecation and rehypothecation of financial assets, that is the real bubble. That’s what people don’t focus on enough. Sure, you can think of stocks that are a bubble, like Tesla and its current price of around $250, or the biotech index which is trading at hundreds of times earnings is crazy. What’s really crazy is all of this debt that has been created has been turned into collateral and borrowed against at a very high rate. The whole thing is very unstable and tottering as we speak.. . . Much of this collateralized credit that has been created is a confidence game. It is a daisy chain, and when the confidence breaks and they start to unwind the chain, the amount of debt outstanding will shrink. That will create tremendous broken furniture in the financial system.”
How do you protect yourself? Stockman says, “The place to go in my view is cash. Stay short and liquid because we are going into deflationary collapse. We are going into a great reset in the financial markets where inflated asset values are going to be marked down tremendously, bond prices and stock prices. As a result of, that there will be great opportunity after the dislocation runs its course to buy things much cheaper than they are priced today.”
Stockman thinks the whole system unwinds sometime before the 2016 Presidential race is finished.
Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political elite have begun implementing legislation that will permit them to freeze accounts and use your savings to prop up insolvent banks.
This is not conspiracy theory or some kind of doom and gloom. It’s basic fact.
In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis.
With that in mind, I want to devote some time to what has come out concerning the Cyprus “bail-in” and its implications. The reason for this is that this tiny country has provided the world with a template of what is eventually going to be a global phenomenon.
The quick timeline for Cyprus is as follows:
June 25, 2012: Cyprus formally requests a bailout from the EU.
November 24, 2012: Cyprus announces it has reached an agreement with the EU the bailout process once Cyprus banks are examined by EU officials (ballpark estimate of capital needed is €17.5 billion).
February 25, 2013: Democratic Rally candidate Nicos Anastasiades wins Cypriot election defeating his opponent, an anti-austerity Communist.
March 16 2013: Cyprus announces the terms of its bail-in: a 6.75% confiscation of accounts under €100,000 and 9.9% for accounts larger than €100,000… a bank holiday is announced.
March 17 2013: emergency session of Parliament to vote on bailout/bail-in is postponed.
March 18 2013: Bank holiday extended until March 21 2013.
March 19 2013: Cyprus parliament rejects bail-in bill.
March 20 2013: Bank holiday extended until March 26 2013.
March 24 2013: Cash limits of €100 in withdrawals begin for largest banks in Cyprus.
March 25 2013: Bail-in deal agreed upon. Those depositors with over €100,000 either lose 40% of their money (Bank of Cyprus) or lose 60% (Laiki).
The most important thing I want you to focus on is the speed of these events.
Cypriot banks formally requested a bailout back in June 2012. The bailout talks took months to perform. And then the entire system came unhinged in one weekend.
One weekend. The process was not gradual. It was sudden and it was total: once it began in earnest, the banks were closed and you couldn’t get your money out (more on this in a moment).
There were no warnings that this was coming because everyone at the top of the financial food chain are highly incentivized to keep quiet about this. Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them.
For that reason, you will never and I repeat NEVER see a Central banker, Bank CEO, or politician admit openly what is happening in the financial system. Even middle managers and lower level employees won’t talk about it because A) they don’t know the truth concerning their institutions or B) they could be fired for warning others.
Please take a few minutes to digest what I’m telling you here. You will not be warned of the risks to your wealth by anyone in a position of power in the political financial hierarchy (with the exception of folks like Ron Paul who are usually marginalized by the media).
With that in mind, now is a good time to prepare for systemic risk. I cannot forecast precisely when things will get as ugly as they did in Cyprus for the financial system as a whole (no one can).
However, the clear signals are clear that the Feds are preparing for something big. The Treasury Department has ordered survival kits for the Big Banks’ employees… and the NY Fed is expanding its satellite office in Chicago in case something major happens that forces the market to collapse.
If you’ve yet to take action to prepare for this, we offer a FREE investment report called the Financial Crisis “Round Two” Survival Guide that outlines simple, easy to follow strategies you can use to not only protect your portfolio from it, but actually produce profits.
We made 1,000 copies available for FREE the general public.
Financial Meltdown and the Confiscation of Bank Savings: The UK-EU Bank Depositor “Bail-In” Scheme – Global Research
If another crisis gets underway – do you think that the money you have earned, paid tax on and put in a bank for a rainy day or for an unexpected bill is safe? Because if you do, you’re wrong. Read more…
Malaysia is still not a nation, said Tengku Razaleigh Hamzah as the country celebrates its 52nd birthday today.
The Umno Gua Musang federal lawmaker said Malaysia’s efforts to build a nation are “nothing to shout about” as political leaders keep on “parroting in a mantra-like manner” that Malaysia is a nation.
“We are not, and that is the sad truth.
“We make believe that we are a nation. The reality is that we are not.
“We justify our watered down democracy by rationalising that there are democracies and then there are democracies.
“But we are never told by what yardstick our democracy is measured,” he said.
In painting a somewhat bleak picture of the nation, the Kelantan prince said in his keynote address at the national unity conference that while Malaysians are polite to each other publicly, there is a lack of sincerity at times.
“In group interactions, we are not above breaking into a language not understood by everybody in our effort to not share our inner thoughts on whatever we have in mind with everyone.
“In the privacy of our homes we can be scathing in running down, for instance, cultural traits of other Malaysians that we are not familiar with.”
The former finance minister said Malaysians live in a compartmentalised life, compounded by the pluralistic nature of its society and the lackadaisical attitude towards the ethos and worldview of Malaysians who are not of the same ethnicity as them.
“In the end, unless we come from a family background that includes the presence of interracial marriage, we will not be able to understand their philosophy of life or their world view or their attitudes and aspirations.
“We will not be able to come as one and develop a Malaysian culture made up of the cultural traits of our various and diverse racial make-up.
“Our inability to evolve a Malaysian culture has a negative effect on nation building for culture is a key element in such a process.” – September 16, 2015.
The Malays have conveniently forgotten that other races in the country has contributed to the country’s development, said veteran Umno leader Tengku Razaleigh Hamzah, just hours before the planned ‘red shirt’ rally is held to supposedly unite the community against threats.
In describing the Malays as having a “blinkered view” of other Malaysian communities, the Gua Musang MP said the community chose to forget that other Malaysians have accepted the Malay hierarchical stacking order with the ruler at the apex.
“In our desire to remain on top of things, we conveniently forget that our other Malaysians have contributed more than their fair share in the service of the country.
“We choose to forget that there are other Malaysians, who upon coming to these fair shores, adapted and assimilated themselves into the dominant native culture,” he said in his keynote address at a conference on national unity in Kuala Lumpur today.
“But the Malays, to my mind, are short on confidence and this makes us a scared lot, especially in our relationship and interaction with other Malaysians.”
In a harsh assessment of the community which formed 50% of the country’s 30 million population, Tengku Razaleigh, better known as Ku Li, said the Malays are given to jealousy and are not above harbouring ill will among themselves.
This, he said, had become a marked characteristic of the Malay psyche which had found its way into politics.
The Kelantan prince also said it was common for religion to be used in Malay politics in an effort to attract mass support.
However, he expressed sadness that religious issues are sometimes given different explanations by the ulama to suit their political leanings, and these often lead to confusion.
“It does not help that these religious scholars sometimes do not fully explain the backgrounds to such issues, which leaves those who are not familiar with the intricacy of the religion having wrong ideas about it,” he said.
As such, he said it is time that the ulama addressed issues of religious concern with clarity and avoid the confusion that befuddles the people.
“More importantly, these ulama, cannot willy-nilly make religious pronouncements which are in effect fatwas. Such an authoritative ruling of Islamic law can only be made with the assent of the Sultan who is the head of Islam for his state,” he added. – September 16, 2015
The back rooms of every single big bank on earth is on FIRE. They can’t take this kind of volatility in the markets and are definitely hemorrhaging under the stress of low oil prices. The Big Ones are already starting the mass layoffs…
Unicredit to Fire 10,000 as EU Pink Slip Pandemonium Continues
“Hours ago, it was revealed that Deutsche Bank is set to fire some 23,000 people or around a quarter of its workforce.”
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“UniCredit (CRDI.MI), Italy’s biggest bank by assets, is planning to cut around 10,000 jobs, or 7 percent of its workforce, as it seeks to slash costs and boost profits, a source at the bank told Reuters on Monday.”
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“And there, ladies and gentlemen, is your European recovery – 33,000 pink slips in a single day.”
.
END
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It’s going to get a lot worse as the US is determined to DESTROY THE US DOLLAR and will do everything in their power to ensure a speedy demise. Watch for the fight over the debt ceiling to kick into high gear out of the blue as September 30th is deadline to get a spending package signed or else it’s “Shut Down Time” once again.
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Layer that on top of the current “Shemitah Shaking” and you have the recipe for a Global Monetary Meltdown.
Jesus College, Cambridge hosted, once more, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panelists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.
What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry.
I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities.
Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy.
My prediction is that bankers will be jailed in the next economic/financial crisis. Lots and lots of bankers.
It may seem to many that those working within this profession will remain above the law indefinitely in light of the lack of any accountability whatsoever since the collapse of 2008. It may seem that way, but extrapolating this trend into the future is to ignore a monumentally changed political environment around the world. From the ascendancy of Donald Trump and Bernie Sanders here in the U.S., to Jeremy Corbyn becoming Labour leader in the UK, big changes are certainly afoot.
I have become convinced of this change for a little while now, but we won’t really see evidence of it until the next collapse. However, something I read earlier today really brought the point home for me. Rowan Bosworth-Davies recently attended the 33rd Cambridge International Symposium on Economic Crime and provided us with some notes in an excellent piece titled, The Banking Criminals Exposed. Here are a few excerpts:
Jesus College, Cambridge hosted, once more, the world’s leading Symposium on Economic Crime, and over 500 distinguished speakers and panelists drawn from the widest possible international fora, gathered to make presentations to the many hundreds of delegates and attendees.
This Symposium has indeed become an icon among other international gatherings of its knd and over the years, it has proved to be highly influential in the driving and development of international policy aimed at combating international financial and economic crime.
What became very quickly clear this year was the general sense of deep disgust and repugnance that was demonstrated towards the global banking industry.
I can say with some degree of certainty now that a very large number of academics, law enforcement agencies, and financial compliance consultants are now joined, as one, in their total condemnation of significant elements of the global banking sector for their organised criminal activities.
Many banks are widely identified now as nothing more than enterprise criminal organisations, who engage in widespread criminal practice and dishonest conduct as a matter of course and deliberate commercial policy.
Speaker after speaker addressed the implications of the scandalous level of PPI fraud, whose repayment and compensation schedules now run into billions of pounds.
Some speakers struggled with the definition of such activity as ‘Mis-selling’ and needed to be advised that what they were describing was an institutionalized level of organised financial crimes involving fraud, false accounting, forgery and other offenses involving acts of misrepresentation and deceit.
One of the side issues which came out of this and other debates, was the general and genuine sense of bewilderment that management in these institutions concerned, (and very few banks and financial houses have escaped censure for this dishonest practice) have walked away from this orgy of criminal antics, completely unscathed. The protestations from management that these dishonest acts were carried out by a few rogue elements, holds no water and cannot be justified.
In the end, I sat there, open-mouthed while evidence against the same old usual scum-bag financial institutions, was unrolled, and a lengthy list of agencies, all apparently dedicated to dealing with fraud and financial crime, lamely sought to explain why they were powerless to help these victims.
This was followed by a lengthy list of names of major law firms, and Big 5 accounting firms who were willing to join with these pariah banks to bring complex and expensive legal actions against these victims, bankrupting them, forcing them from their homes, repossessing properties they had worked for years to create, while all the time, the regulators and the other agencies, including to my shame and regret, certain spineless police forces, stood by and sought to justify their inaction.
At one stage, we were shown how banks ritually and deliberately take transcripts of telephone calls made between complainants and the bank, and deliberately and systematically go through these conversations, re-editing them and reproducing them in a format which is much more favourable to the bank.
For the first time, I found routine agreement among delegates that the banking industry had become synonymous with organised crime. Many otherwise more conservative attendees expressed their grave concern and their repugnance at the way in which so many of our most famous banking names were now behaving. It is becoming very much harder to believe that the banks will be able to rely on the routine support they have traditionally enjoyed from most ordinary members of the public.
The election of Jeremy Corbyn to the leadership of the labour Party means that banking crime and financial fraud will now become an electoral issue.
But now, the new Labour leadership will focus the attention of the electorate on the relationship between the Tory party and their very crooked friends in the City, and the degree of protection that the Square Mile gangsters and their Consiglieri, their Capos, and their Godfathers will become much more identifiable. Bank crime will now become much more identifiable as a City practice and their friends in the Tories will be seen as being primary beneficiaries.
Things are moving in the direction of justice. At a glacial place for sure, but moving they are.
“There will be signs in the sun and moon and stars…and on the earth dismay among nations…” – Luke 21:25
Special Report from Sister Ciara
For those of ebionitic thought among our Order following kabalistic disciplines, these past three days have now been placed into their proper order with the predicted 14-year signs having been shown, interpreted and the path to follow now certain.
As this discipline explains, being a multiple of 7, 14 partakes of its importance and, being double that number, implies a double measure of spiritual perfection (i.e. knowledge).
The number 2 with which it is combined (2×7) also brings its own significance into its meaning, as it does in Matthew 1, where the genealogy of Jesus is divided up and given in sets of 14 (2×7) generations, meaning that 2 signs of significance would be made manifest…one for each 7 year period.
One must understand, of course, that according to this discipline, an event, especially those of world importance, can never be fully understood until its 14-year signs are manifested…which in this particular case was the 11 September 2001 (9/11) attacks upon the United States, and whose 14-year anniversary was yesterday.
In their most simplistic interpretation of these 2 signs, these Sisters note that the double rainbow over the destroyed World Trade Center site one day prior to the 14th anniversary of 9/11 can reaffirm to the peoples of this great city of God’s mercy should they turn to Him again…for He has been reminded of their tragedy and sorrow and what they were once like before this destruction was wrought upon them… “And the bow shall be in the cloud; and I will look upon it, that I may remember the everlasting covenant between God and every living creature of all flesh that is upon the earth.” Genesis 9:16
But, to those who caused the great 9/11 destruction and terror, however, the 2nd sign of lighting is a warning of a great destruction to come from God. “His lightning lights up the world; the earth sees and trembles.” Psalm 97:4
Now to fully understand both the “signs of events”, and their interpretations, one needs to know who these particular Sisters of ebionitic thought are…and which I’ll freely admit to you now is nearly beyond normal understanding; if not belief….but is, nevertheless, true.
But to the briefest of glimpses into them I can give you this…
Jesus was not the founder of Christianity as we know it today. Most of the New Testament doesn’t even concern the historical Jesus while the main influence is the Apostle Paul and a Greek convert named John.
This is so because after the death/resurrection of Jesus, the Apostle Paul (who had never met or known Jesus) created Christianity in the image he believed it should be.
Against the Apostle Paul where two of Jesus’s disciples (who knew Jesus), the Apostle Thomas (referred to as Didymus [meaning twin in both the Aramaic and Greek] in the Gospel of St. John) and Apostle Bartholomew, along with Jesus’s brother James and Jesus’s mother Mary.
Where Paul began modern Christianity in the Roman Empire, Apostle Thomas, Apostle Bartholomew, and Jesus’s family, including his mother Mary, left Israel and traveled to India where they were protected by the Chola dynasty and in historical terms are referred to as Ebionites.
Ebionites, or Ebionaioi (Greek: Ἐβιωναῖοι; derived from the Hebrew אביונים ebyonim, ebionim, meaning “the poor” or “poor ones”), is a patristic term referring to this Jewish-Christian movement supported by Apostle Thomas and Bartholomew, and Jesus’s family, that existed during the early centuries of the Christian Era and who regarded Jesus as the Messiah while rejecting his divinity.
Due to early Christian writings, the Catholic Church has had no choice but to reluctantly acknowledge Apostle Bartholomew’s travel to and preaching the Gospel in India, and Apostle Thomas’s presence their too… but when Pope Benedict XVI made a statement on 27 September 2006 during a public audience, that Apostle Thomas only reached as far as North-West India (today’s Pakistan), the Vatican was quick to correct it to include Southern India where the Chola dynasty had been located.
Pope John Paul II at Apostle Thomas Tomb in India 1986
Pope John Paul II at Apostle Thomas Tomb in India 1986From India the Apostle Bartholomew traveled to Allanum, a town of the great Armenia [modern day southern Georgia] where he was killed. The Apostle Thomas never left India and is entombed in the city of Chennai.
Please keep in mind at this point that what I’ve just given to you is but a mere speck of knowledge pertaining to these Sisters of ebionitic thought, and to even begin to attempt to describe their use and mastery of Kabbalah discipline I dare not even try.
Suffice it to say, and as best stated by Professor John Barrow, Director of the Astronomy Centre at Sussex University, “Mathematics underpins the world around us”, but even more, these Sisters are grounded in the “Mathematics of God” that underpins eternity!
And most amazing, included in these Sisters vast knowledge of the “Mathematics of God” is the ancient mathematical knowledge of language too…which, not surprisingly, MIT scientists this spring touched upon with their announcing the discovery of a “language universal” that ties all of the world’s languages together.
To the practical use in today’s world of these Sister’s knowledge you, the reader, have been the main benefiters of these many years as you’ve been able to know the truth of things before they are made manifest to others.
Such as on 28 June 2007 when we released the report titled US Banking Collapse ‘Imminent’ Warns French Banking Giant…that was followed a year later, in 2008, with the “three weeks that changed the world” collapse of the American banking system that was so catastrophic, U.S. Representative Brad Sherman of California said to Congress, that individual members of the House were threatened with martial law within a week if they did not pass the bailout bill:
And on 24 February 2014 when we released the report titled Putin Orders Troops To Crimea Passes, Warns NATO Of War that warned you that our world was on the cusp of nuclear war…that was confirmed in April, 2015, when President Putin of Russia publically admitted that Russia was ready to use nuclear weapons if the West attempted to militarily intervene in Ukraine.
But sadly today, and at a time in our history when truth is needed more than ever, our ability to utilize these Sisters unique abilities is threatened nearly beyond hope.
Not because of attacks against us by those who will do anything to keep the truth from you…but from YOU!
Like the preverbal sheep being led to the slaughter, too many of you don’t bother to see or hear anything…even when it’s right in front of YOU!
And where in times past we could simply attempt to reason with you before all was lost, today we have to shout at YOU! After all, most of you are still asleep.
So my most heartfelt plea to all of you reading this today is to awaken to the grave danger you are in, and once awake start helping those of us trying to help YOU!
We are not financed by the corporate oligarchs who continually lie to you and deceive you…we are, instead, financed by YOU!
Please help us continue in this mission as the time is much shorter than you can ever imagine…and without your support you’ll be at their total mercy.
With God,
Sister Ciara
Dublin, Ireland
12 September 2015
Related
On 9/11 Anniversary Lightning Strikes World’s Holiest Mosque Of Makkah In Mecca….Hundreds Dead And Injured After Crane Collapses – WorlfTruthTV
Why does the Russian media seem to be far more on the ball than the mainstream media in the United States much of the time?
Could it be possible that Russian reporters have more freedom to talk about important issues than reporters that work for the major corporate conglomerates in the United States do? Of course the Russian media is far from perfect.
They put out pro-Russian propaganda just like the U.S. media puts out pro-American propaganda. But I must admit that I often find that Russian news sources are willing to tackle controversial issues that the mainstream media in the United States would not touch with a ten foot pole.
This includes the critical events that are coming up this September.
Even after everything that has been said and written in the alternative media about what is going to happen during September, most Americans are still completely ignorant about the history changing events that are going to take place next month.
First of all, the most important template for global governance that the United Nations has ever dreamed up is going to be launched at a major conference from September 25th to September 27th.
The launching of this “new universal agenda” is such an important event that the Pope is going to be traveling to New York City to give the address that will kick off this conference.
This new plan is known as “the 2030 Agenda“, and it is being called “Agenda 21 on steroids”. This is one of the most significant steps toward global government in the history of the world, and yet the mainstream media in the United States is saying virtually nothing about it.
Secondly, we also know that a major push for the establishment of a Palestinian state is being planned for September.
It has been widely reported by the international media that France plans to submit a UN Security Council resolution which would formally recognize a Palestinian state for the first time ever. This is one of the most critical moments in the modern history of the Middle East, and yet the mainstream media in the United States is saying virtually nothing about it.
In September we also have the end of the Shemitah year, the fourth blood moon, and the end of the Jade Helm exercises. All over the Internet there is rampant speculation about a major stock market crash, devastating natural disasters and the weird “coincidences” that are pointing to the date of 9/23.
And even though articles and videos that discuss all of these things are going viral all over the Internet, the mainstream media in the United States has been strangely silent about all of it.
Fortunately, there are international news sources out there that are willing to address these topics, and some of them just happen to be in Russia.
When I first came across Sputnik News, I didn’t quite know what to make of it. At first I thought that it might be some random blogger that had started up a news website and had chosen a really bad name.
But it turns out that it is actually fully owned and operated by the government of Russia. The following comes from Wikipedia:
“Sputnik is an international multimedia news service launched on 10 November 2014 by Rossiya Segodnya, an agency wholly owned and operated by the Russian government, which was created by a Decree of the President of Russia on 9 December 2013.[1] Sputnik replaces the RIA Novosti news agency on an international stage (which remains active in Russia)[2] and Voice of Russia.”
And I have to admit that Sputnik News is willing to address many things that the corporate-controlled media in the U.S. simply will not touch. For example, the following is from a recent Sputnik article about the financial crash that is coming this fall:
The founder of Trends Research, who predicted the “panic of 2008,” believes that soon we will witness the crash of a global stock market and predicts “the economic earthquake [that] will send reverberations around the world”.
“There’s going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil.” Celente told King World News. “You’re going to see one market after another begin to collapse.”
Analyst Larry Edelson took the fear to the next level as he even predicted the exact day the catastrophe begins, or, as he called it, a “rollercoaster ride through hell.” “On October 7, 2015, the first economic super cycle since 1929 will trigger a global financial crisis of epic proportions.” He said.
“It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen.”
RT is another Russian news outlet that I find to be superior to U.S. news organizations in a lot of ways. In one recent article, RT was even willing to discuss the coming end of the Biblical Shemitah year in September:
“Indeed, the hysteria over next month has reached such a fever pitch that even seasoned experts are cracking open their dusty Bible for signposts.
The seventh year of the Biblical agricultural cycle – as set down in the Torah – just happens to fall on September 15, 2015. This is a real millennial event, with a so-called tetrad of blood moons (four consecutive lunar eclipses) all falling on Judaic religious days. For those who track such astrological occurrences, a number of major events have occurred at the end of the “7-year business cycle,” as it is now commonly known.
In 2008, for example, the world suffered its worst financial crisis in decades, while in September 2001 the United States experienced the worst-ever terror attack on its territory, as well as a massive sell-off on Wall Street when markets reopened on Sept. 17.
Whatever the case may be, Americans – increasingly wary of the weak underbelly of their economy – are gearing up for fireworks in September. But even if nothing happens, all that prepping and stockpiling – much like in the runup to the overhyped Y2K non-event – will certainly boost economic performance across the board.”
And if you can believe it, even Pravda has talked about what is coming up this September.
When I was growing up, Pravda was regarded to be the official voice of the evil empire. Whatever Pravda reported back in those days was generally thought to be pro-Soviet propaganda.
And that was generally true at that time. But today, Pravda has a lot more freedom to discuss the issues that really matter than a lot of U.S. news outlets do. For instance, earlier this year Pravda also discussed the potential for a financial apocalypse in September:
Again, 2001 brought social conflict, financial calamity and it was the pivot point that triggered a cascade of negative events that would go on for years, including the wars in Iraq and Afghanistan.
Another 7- year period would elapse and bring us to Sept. 29, 2008. On this infamous day stocks skidded, with the Dow slumping nearly 777 points, the biggest single-day point loss ever. Approximately $1.2 trillion in market value vanished in a twinkling.
Again, seven years to the month exactly from the 2001 crash. But apparently no one noticed this pattern because the financial presstitute corps never mentioned it.
Why won’t the mainstream media in the United States talk about these things? Is it because they are too busy talking about issues that are even more important?
Of course not. Just consider some of the top headlines from the front pages of major U.S. news outlets on Monday:
That is some top notch journalism right there. With such cutting edge topics to deal with, no wonder the U.S. media has no time to talk about the earth shattering events that are coming up next month.
I was driving around Denver yesterday doing my “boots on the ground” due diligence scouting of the local housing market. I continue to see some “sold” and “under contract” signs but I’m seeing a pile-up forming in new “for sale,” “price reduced,” and “for rent” signs. The traffic update on the sports radio reported a back-up at an intersection in Denver caused by a fist-fight that had broken out between two drivers. This country is sliding back into neanderthal times.
The U.S. economic system is slipping into dystopia and the Government/Fed is doing everything it can to try and prevent the process. The two most obvious signs of this are the perpetual market interventions by the PPT to prevent a stock market dump and the relentless propaganda flowing through the mainstream media which originates from the policy-implementing elitists (business and political). Both efforts are insidious attempts to force control over our system
Overnight the S&P 500 e-mini futures were halted twice. The SPX mini is the Fed’s choice intervention tool because it can direct the market with minimal capital requirements. The e-mini is hyper-sensitive to big orders and tends to lead the big SPX directionally because of this. The emini trading was halted after a sudden plunge in the futures at 5:51 a.m. EST, after which a massive buy order (the PPT) hit the tape and spiked the eminis straight up. The market was halted again after the spike up stalled and the emini was about to plunge again. You can see the action here: E-mini Market Halt
The graphic linked above was provided by Nanex’s Eric Hunsader. Prior to the market’s first market halt, Hunsader tweeted: “emini getting tossed around like a rag doll:”
I found Hunsader’s allusion to “Lord of the Flies” to be quite haunting. For me it encapsulates the societal, political and economic direction in which the United States is headed. Rule of Law has been completely eroded by corrupt Presidents and citizen nonchalance. Many beside me have alluded to the fact that the U.S. political system now resembles that of a Central American Banana Republic. That’s no secret to anyone who cares to peek at reality.
But where this whole process starts to get scary is when that needle heads toward “Lord of the Flies.” That is the point at which we will see and experience the truly dark side of humanity. Too me the outbreak of fistfights at traffic intersections and the herds of panhandlers standing on busy urban and suburban corners reflects the movement of that needle past Banana Republic to the left…
I’m not an e-wave theory advocate but there’s merit to some of the analysis. Robert McHugh is probably the most skilled practitioner of it these days and he’s run 5 different “wave” scenarios – all of them suggest a high probability of serious market crash coming soon – he specifically references the August sell-off as “gentle” in comparison.
If this stock market does what we all know it will do eventually, which is seek a level that reflects its true underlying intrinsic value, all hell will break loose in this country and we’ll start hearing reports of much worse occurrences than fist-fights at traffic intersections.
What is the “intrinsic value” of the S&P 500? Based studying the earnings of enough S&P 500 companies using the GAAP accounting standards that were in place 20-30 years ago – vs. non-GAAP, adjusted-GAAP, and new GAAP accounting applications used today – I would suggest that S&P 500 has “fair value” around the 500-600 level. A large portion of reported net income/EPS is income that is non-cash and is manufactured by new accounting gimmicks. I detail this extensively in all of my (non-mining) stock reports.
The S&P 500 hit 666.79, which is in my “fair value” range, intra-day on March 6, 2009 (no, I don’t read any significance into “666”). We saw how the Fed and the Treasury responded: they began dumping trillions of printed dollars into the banking system and drastically altered some of the GAAP accounting rules – i.e. they changed the rules of the game. This was in response to the S&P 500 seeking fair value.
What is frightening to contemplate, in the context of Eric Hunsader’s haunting Tweet, is what the Government’s response will look like this time around when the PPT loses control – which I believe is occurring now – and the S&P plummets again in an attempt to seek it’s proper level. Remember: just like water, the stock market eventually always finds its own level.
We are living in the End Times not because some angry supernatural being is coming to punish us, but because we are living in a system, a machine, which we built and therfore can change, but we have forgotten this. Some time in the recent past we crawled inside our machine, closed the last hatch to the outside behind us, and then forget there was an outside. Our leaders are the worst of us. They are the lords of the machine and they are sure outside there is only chaos. We must all save the machine. Their power and wealth demands it.
By Golem XIV
I am off filming for a few weeks now. Apologies for not writing. I have had my head down with work. Hope you’ll forgive me. Before I go a few scattered thoughts
8 years to fix the malfunctioning heart of the world’s financial and legal systems but nothing was actually done … and now the clock is ticking and there is hardly any time left.
The number of red lights now blinking at us, largely ignored by those who are supposed to be flying this thing, is growing all the time. It is not that any one of them is a clear harbinger of the end but taken together they paint a dismal and coherent picture – of a system eating itself.
What I mean is that every political and financial system, every bureaucracy, public or private is originally set up to do a necessary job. And the duty of those who work in it is to make sure the system doe that job. But when the challenges facing the system change so that the system begins to no longer be able to do its job, those in it have two choices: they can work for the greater good and help change the old system into a new one better fit to the new challenges, or they can ignore the problems, and forget the reason they and the system were created in the first place and instead seek merely to get as much as they can from the failing system before it implodes.
It seems obvious to me that is where we are today, both politically and financially. We are living in the End Times not because some angry supernatural being is coming to punish us, but because we are living in a system, a machine, which we built and therfore can change, but we have forgotten this. Some time in the recent past we crawled inside our machine, closed the last hatch to the outside behind us, and then forget there was an outside. Our leaders are the worst of us. They are the lords of the machine and they are sure outside there is only chaos. We must all save the machine. Their power and wealth demands it.
And yet they do not know how.
“Something Happened” but “Noting appears to be breaking”
So said JPM’s chief economist Bruce Kasman. He was refering to the recent extreme ‘turbulence’ on the stock markets and the continuing drop in global market values. All I can say is that only a person who lives resolutely in a linear world, despite it being over a 100 years since we discovered that our world in not linear but non-linear, could say such a thing. In a linear world effects tend to follow their causes quickly and clearly. When things are non-linear, however, effects can surface long after and far away from their cause.
Mr Kasman, I suspect, held his breath, waited for everything to fall down and after a couple of days, when they didn’t he concluded nothing had broken after all. He looked at the on-going trend in events and saw they were much as before the inexplicable ‘turbulence’ and concluded that all was as before and the ‘turbulence’ was just ‘one of those things’.
He could be right. But I doubt it. Ours is a non-linear world and we should remember that. Think back to August 9th 2007. That was the day when PNB Paribas suddenly closed three large sub-Prime mortgage finds. The world at large had not even heard of sub-prime. To little fanfare the ECB pumped €95 billion in to the markets to steady nerves. It was not enough. The next day, August 10th The ECB pumped in another €156 billion, the FED injected $43 Billion and the BoJ a trillion Yen.
Five days later Countrywide Financial haemorrhaged 13% of it value. 16 days later Ameriquest the largest specialist sub-prime lender in the US collapsed and on September 14th there was a bank run on Norther Rock. It was a turbulent time.
And then do you know what happened? Nothing. Something had happened but nothing appeared to be broken. The linear pundits went about their crooked business. Six whole months later Bear Stearns collapsed. Its a non-linear world.
And I think we are going to be reminded … again.
ETF’s
ETF’s – have grown to the point where any prolonged large scale exit will exceed the funds available to those who control the funds and make the markets. I think they know this and some time ago those market makers and fund controllers began to boost the credit they could draw upon. Problem is the very banks they are agreeing larger credit lines with, are drawn from the same group of financial companies who make the ETF markets.
I have written about this before – ETFs – A warning which contains links to the posts in which I explain how ETFs work and why they are The Next Accident Waiting to Happen. In short the liquidity choke built in to the ETF market is that the ETF market depends very heavily on a very few financial firms who run the funds and make the markets.
We have already seen in the recent ‘turbulence’ that the ETF market is not so much liquid as fragile. When there is a scare people want out. They withdraw their money which quickly leads to zero liquidity, which leads on to forced selling and as we have already seen prices will dump to far below what the assets in the underlying market are nominally worth. Leading to an even greater pressure to get out.
The ETF market with its promise of easy withdrawal means when there is an event which spooks people and they want out it happens in seconds not days or even hours,
What it means is that this time around I think it very likely the Central Banks will have even less time than they had back in 07-09, to act before the bomb goes off. Which means in turn I expect no creative thought, only a knee-jerk reaction to do again the only things they know how to do despite the fact they have not worked.
Today it is not a bank run that will amplify some large local event in to a global wave, but a fund run.
Where might that trigger be?
The world in which and for which our old system was built is now changing around it in fundamental ways.
China is now making the move to position the Yuan as a rival reserve currency. To become a, or the, new reserve currency the Yuan needs first to be the clearing currency in much more of the world, in many more of the vital markets and be central to any relationship any country wants to have with China. So it seems important to me that Russia has now eclipsed Saudi as the number one oil exporter to China and is now settling its oil exports to China in Yuan. Gazprom is also settling some of its contracts with China in Yuan.
Saudi is now only the number three supplier to China. Angola is number two. ANd it is very clear if Saudi wants to regain its position it will have to accept settlement in Yuan. Will Saudi risk alienating the US? Well China is a larger market for its oil than the US. And other in the region, less tied to the US are already forging close relations with China. Just a few months ago Qatar opened the first Yuan clearing hub in the region. Its central bank and CHina’s now work together and Qatar is poised to make itself the new Mid East financial centre for trading with China. At the moment all the local currencies are still pegged to the dollar because oil and gas are traded in dollars. But as more gas and oil deals are cleared and done in Yuan it would be less important for them to be pegged to the dollar.
Oil and gas is moving away from the dollar. China is the largest customer. They have clout. They also have in Hong Kong and Shanghai the financial centres able to house the trade. Shanghai in particular is looking aggressively to capture oil futures which would cement the Yuan’s position. Things, as they say, are a changing.
Apart from the fairly seismic changes this would herald in this massive market it would have even larger potential effects. The end game for the dollar is when it is no longer the sole or preponderant reserve currency. At the moment the US can carry a mind boggling amount of debt and find buyers for more. But once countries no longer need dollars for buying oil and gas then something will happen to the world’s appetite for US debt and the world’s opinion of how much debt the US can sustain.
Why is China pushing the Yuan more aggressively now? In my opinion, China now needs, not just wants, but needs the Yuan to become a major settlement and then reserve currency. To my mind this is one part of how China might salve if not solve its out of control bad debt problem. China has a mountain range of bad debts in the financial vehicles created by its regional governments.
This we have all known for several years. Less well known is that China’s insurance industry is now up to its neck in these bad debts. When the CHinese central authorities tried to reign in bank lending the shadow financial sector ignored them and found ways around the limits. As the FT reported,
Egged on by provincial leaders desperate to keep the wheels of GDP growth rolling forward and cash-strapped property developers, other institutions have jumped into the fray. And one of the biggest are Chinese insurance companies.
By the end of January 2015, alternative investments surged 66.4 per cent year-over-year to Rmb 2.3tn, accounting for a whopping 24 per cent of total insurance investments.
I had more to write but sadly time has run out. I have to go immediately to catch a plane. Bye for now.
When production does finally collapse, that will set up the “nobody saw this coming” ramp in the price of oil.
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In May 2008 I proposed the Oil “Head-Fake” Scenario in which global recession pushes oil demand down as oil exporters pump their maximum production in a futile attempt to fund their vast welfare states and thus retain their precarious political power.
The terrible irony of the head-fake, of course, is that the exporters’ efforts to pump more oil exacerbates the oversupply, further depressing prices. As exporters receive fewer dollars for their production, they attempt to compensate by pumping even more oil. Perniciously, this suppresses prices even more, setting up a positive feedback loop which pushes prices to the point that exporters are no longer able to fund their welfare states and Elites.
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Something has to give, and that something is the existing power structure in oil exporting nations.
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Another factor deepens the eventual crisis triggered by drastically lower oil revenues. The majority of exporting nations under-invest in their oil production and exploration infrastructures, essentially guaranteeing declining production once the easy oil has been extracted.
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This cycle of spending the fruits of current production while starving investment for the future is part of what is known as the resource curse: nations with an abundance of resources rely on the income generated by the sale of their resources which effectively stunts the development of a diverse economy and the institutions which such a diverse economy requires as a foundation.
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The net result of the resource curse is national impoverishment as the resources are depleted. Diverting the majority of the oil revenues to support welfare states and Elites dooms the oil exporters to under-investment in future production.
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In other words, the decline in the price of oil does not mean oil will remain cheap for years to come; it’s a head-fake that fools the unwary into assuming the glut is The New Normal.
There’s a number of dynamics in play, but let’s focus on three of particular interest:
1. Oil production in the U.S. has soared since 2011. yes, we can debate the financial overhang–i.e. the servicing of debts taken on to expand production–and question the longevity of the production increases.
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But right here and now, this expansion of U.S. production is adding to the global supply in sufficient quantities to change the global supply-demand structure.
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2. The need to keep pumping in the U.S. to service debt. Many observers reckon a whole slew of U.S. producers will go bankrupt if oil hovers around $40/barrel for long.
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Perhaps, but what a lot of people miss is the costs of production are not static. A significant percentage of U.S. oil production is operated by independents–small, nimble firms that can deploy new technologies quickly and squeeze subcontractors.
What cost $100,000 in the bubble, when demand enabled contractors to charge a premium–well, nowadays, that job might only cost $50,000.
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The point is that U.S. production could stay stubbornly high for a lot longer than is generally anticipated.
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3. The decline in petro-dollars could push the value of the U.S. dollar (USD) higher, further pressuring oil exporters and emerging markets. When oil prices are high, oil exporters have huge surpluses of cash they need to recycle into assets. Since oil is typically traded in USD, the easy trade is to buy USD-denominated assets such as Treasury bonds.
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A sharp decline in the amount of USD that needs to be recycled means the global supply of surplus USD is much lower than in eras of high oil prices. As borrowers of USD-based debt buy USD to service their loans, the shrinking supply and rising demand will push the U.S. dollar up vis a vis other currencies. This will exacerbate the declining purchasing power of emerging market currencies and make servicing the estimated $9 trillion in USD-denominated debt more burdensome.
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This will further depress demand for oil, which will push prices lower. Attempts by oil exporters to maintain revenues by pumping more oil will increase supply, further increasing the global glut of oil.
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Once welfare spending and subsidies of Elites collapses, the social and political stability of oil exporters becomes extremely fragile.
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The leadership of oil exporters without a stash of USD to tide them over as oil prices crash would be wise to start building their bug-out island fortresses.
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But eventually production will crater. It might be from depletion, or rising domestic demand within exporting nations, or a revolution that disrupts production, or the consequences of under-investment in exploration and production infrastructure.
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When production does finally collapse, that will set up the nobody saw this coming ramp in the price of oil.
By: Sorcha Faal, and as reported to her Western Subscribers
A curious Ministry of Finance (MoF) report circulating in the Kremlin today says that the Central Bank of Russia (CBR) has “accepted for protection” 3 million ounces of gold worth over $3.5 billon from US banking and financial services giant Citigroup along with a further nearly $100 billion in cash.
According to this report, 1.4 million ounces of this now protected gold in the vaults of the CBR were shipped directly from Venezuela after this past April’s complex agreement between that South American nation and Citigroup, with the remaining 1.6 ounces coming from various countries this banking and financial service giant has cut ties with in the past year and a half.
Of the 11 nations, including Japan, that Citigroup has cut ties with, this report explains, even in the face of Western sanctions Citigroup has refused to sever its Federation relationship with its chief financial officer, John Gerspach, simply telling the Obama regime “We are not leaving Russia”.
Citigroup itself on its webpage, this report notes, further explains this relationship with the Federation by stating:
President Vladimir Putin receives Sandford Weill executive chairman of the Citigroup transnational
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Of the $100 billion in cash “accepted for protection” by the CBR from Citigroup, this report continues, all of it was airlifted to Moscow from Cairo this past week ahead of today’s Central Bank of Egypt ruling approving the sale of this US banking giants assests in that country to the Commercial International Bank (CIB) which they had announced this past June.
As to why Citigroup had a staggering $100 billion in cash secreted away in their Egyptian banks this report doesn’t say, but the MoF does note that the gold and monies “accepted for protection” by the CBR from Citigroup now exist under Federation laws and are not allowed to be claimed by any foreign entity, including the United States.
Russian Central Bank Moscow
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As to why Citigroup would need such extraordinary protection of their assests, MoF experts contributing to this report explain, is due the Obama regimes relentless assault upon it that includes a $700 million fine for “unfair and deceptive practices” a few weeks ago and a continuing investigation into student loan servicing this banking giant warns could result in even more financial penalties…all of which are on top of the $7 billion they were forced to pay last year due to their mortgage loan practices.
Critical to note is that this dire MoF assessment of what is to come has been bolstered by former British Prime Minister Gordon Brown’s top advisor Damian McBride, who grimly stated yesterday:
As more nuclear capable American and Russian forces converge on the Western Front however, this report grimly concludes, the advice to the Obama regime by one of their top economic counselors, Paul Krugman, that either a World War, or war with aliens, is needed to fix their economy, one can readily see where this is all going to end up…much sooner than later.
And though Citigroup is now protecting itself, one can only wonder how many others are too. But, no matter what happens, even if it’s the worst, no one can say that they weren’t warned…only that they didn’t listen.
The deadly explosion that rocked the Chinese city of Tianjin has caused the country to shut down a nearby supercomputer, also one of the fastest in the world.
The supercomputer, the Tianhe-1A, was housed in a facility just a kilometer away from Wednesday’s explosion. The warehouse blast was so massive it killed 50 people and sent 701 people to the hospital, according to China’s state-run Xinhua News Agency.
The Tianhe-1A, however, managed to continue running smoothly, following the blast, Xinhua said on Thursday. The machine is housed in a protected room, and its database also remains unharmed.
As a security precaution, staff at the facility decided to manually shut down Tianhe-1A thirty minutes after the blast had occurred, according to Xinhua.
The Tianhe-1A was ranked as the world’s fastest supercomputer back in 2010, but it has since been eclipsed by other machines, including one built in China. It is currently the 24th fastest, according to the top 500 supercomputing list.
Wednesday’s night blast still inflicted damage to facilities where Tianhe-1A is housed, the National Supercomputing Center in Tianjin. The building’s windows were shattered, and some of the ceilings collapsed, according to Xinhua.
On Friday, calls to the supercomputing center were not answered, and the facility’s website appears to be down.
The city of Tianjin is located 130 kilometers away from Beijing, and resides on the coast. Wednesday’s explosion occurred in the Binhai new district, an economic hub that’s also home to electronics manufacturing. Companies with facilities there include Samsung, Foxconn Technology Group and Lenovo.
On Friday, all three companies said the blast had no affect on their operations in the area.
The war for our freedom continues to go on in the background as the Sheeple go about their everyday life totally blind to what’s about to happen. China announced a new oil contract that will be valued in Yuan and not the US Dollar…and another chemical plant blows sky high in China.
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China’s new oil contract signals shift from Brent and US dollar
“An explosion shook a chemical plant in the Chinese eastern province of Zhejiang, state media said on Monday, though there were no immediate reports of casualties in a country on edge after blasts killed more than 160 people last month.”
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END
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It should be clear to all that these are not coincidental and there is a massive battle going on behind the scenes between the Good Guys and the Bad Guys. China is working with the Good Guys to destroy the banking cabal and the Bad Guys, who still control the system, are firing warning after warning back at China.
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This is NOT a China vs USA/country vs country battle. This is strictly a battle between those people, all around the world, that have controlled our lives for centuries vs some very brave people, all around the world, that are trying to take them down – permanently.
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And YES – the Good Guys are winning the battle and the very root of the Bad Guys power is about to be taken away from them…
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The Power over Money.
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Without it, they are helpless. Without it they cannot pay others to do their dirty work. Without it they have no protection from the people. Without it they will be exposed.
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So the money power must be destroyed and China is doing their part to do just that. Others are falling into line as well so it won’t be long now.
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Stay safe. Stay prepared. Do your part and spread the word…even if nobody believes you YET. Soon they will be coming to YOU for answers.
By: Sorcha Faal, and as reported to her Western Subscribers
The Ministry of Finance (MoF) is reporting today that British banking giant HSBC is nearing a total collapse after its having lost a staggering nearly $1 trillion due to the ongoing Great 2015 Global Market Crash and earlier today it completely ran out of cash to pay its obligations and depositors.
According to this report, HSBC is a multinational banking and financial services company headquartered in London, United Kingdom and is the world’s fourth largest bank by total assets worth $2.67 trillion.
Not known to many Westerners, this report continues, HSBC was established in its present form in London in 1991 by the Hong Kong and Shanghai Banking Corporation Limited to act as a new group holding company and the origins of this banking giant mainly lies in Hong Kong, and also to a lesser extent Shanghai, where branches were first opened in 1865.
As HSBC is Britain’s largest bank, this report notes, it has appealed for an emergency loan from the Bank of England (BoE), with the BoE then appealing to the European Central Bank (ECB), and the ECB then appealing to the US Federal Reserve System (FRS).
With the US Congress having verified that over $16 trillion of the American peoples money was given by the US Federal Reserve to European corporations and banks, purportedly for “financial assistance” during and after the 2008 fiscal crisis, this report says, it remains “highly probable” they will do so again before HSBC totally collapses.
Datuk Seri Nazir Razak posted a collage of three pictures on photo sharing site Instagram, depicting current issues that appear to imply that the country is at an all-time low. — Reuters pic
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KUALA LUMPUR, Sept 4 – Datuk Seri Nazir Razak today took to social media again to express his concerns over the state of the country, claiming that Malaysia is facing its “darkest” of times.
The brother of Prime Minister Datuk Seri Najib Razak posted a collage of three pictures on photo sharing site Instagram, depicting current issues that appear to imply that the country is at an all-time low.
“I don’t remember a time when just absolutely everything seems to be going badly for Malaysia. I pray that this is the darkest before dawn,” read the caption on the CIMB group chairman’s post earlier today.
The first picture showed a man with a face mask standing in front of a hazy Petronas Twin Towers which highlighted the worsening haze situation this week.
The second picture showed a graph depicting the ringgit’s downwards trajectory against the US dollar, while the third picture highlighted the 10-nil drubbing of Malaysia’s national football team by the United Arab Emirates last night in a World Cup qualifying match.
Nazir had previously used Instagram to take subtle jabs at current issues including the 1Malaysia Development Berhad (1MDB) crisis and the abrupt transfers of Malaysian Anti Corruption Commission (MACC) officers over their investigation on the state-owned investment fund.
A screen capture showing the Instagram post by Datuk Seri Nazir Razak.
After more than a year of futile search for the missing MH370, a load full of rubbish were seen scattered in the Indian Ocean around Reunion Island in early-August. And guess what…a flaperon was retrieved amongst the piles.
Malaysian troubled PM Najib had found the perfect event to redirect the masses away from his predicaments and issued a press release that the flaperon is confirmed as belonged to the ill-fated MH370
Prime Minister Datuk Seri Najib Razak adjusts his glasses before confirming the debris found on Reunion Island is from missing Malaysia Airlines flight MH370 in Kuala Lumpur, Malaysia. – Reuters pic, August 6, 2015. – The Malaysian Insider
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Ho ho ho, and then…France refuted and said that the flaperon is NOT sure from MH370…
Meanwhile the general Malaysian public were not convinced and the families of MH370 too were furious with the unending lies from the Malaysian government.
The whole episode was quickly downplayed as its becoming farcical. Weeks later the Malaysian media reported yet another weird news about the Malaysian government is probably purchasing a aircraft carrier. WHAT? Malaysia don’t even have that much aircrafts to begin with!
Oh!…OK no aircrafts?… err… we’ll buy some (from the French) said the Minister of Defence Hishamuddin.
Le Drian flew into a Malaysian airbase on Monday with a high-level parliamentary and industry team, dubbed the French export team, and went on to meet Prime Minister Najib Razak and Defense Minister Hishammuddin Hussein. – Defense News
The rest is history as they say. France confirmed the flaperon found in the Indian Ocean indeed belonged to MH370!
Voila! The whole flip-flap-flaperon deal is reported to be worth RM3.5 Billion!
Speech by José Ugaz, 2 September 2015 – 16th IACC, Putrajaya, Malaysia
Minister Paul Low, Deputy Chief of the Malaysian Anti-Corruption Commission,
Mr. Akere Muna, head of the IACC council,
Mr. Akhbar Satar, president of TI Malaysia:
Let me first thank the IACC for bringing so many people together as part of our great global movement to tackle corruption.
The Malaysian Anti-Corruption Commission for hosting the conference with the IACC.
And the Malaysian people for welcoming us to their beautiful country at this momentous time.
This week Malaysia celebrated Merdeka – its independence from colonial rule and freedom from oppression.
Independence and freedom
The building blocks of a fair and just society.
All countries face challenges, especially new countries, and I looked back at some of the statements from the founding father of the nation, Abdul Rahman, made at the time of independence in 1957.
There were two words that he used that stood out for me – honesty and integrity.
That is what brings us together in the fight against corruption.
Honesty and integrity.
We have seen what this means to people all over the world in recent weeks.
In Brazil.
In Honduras.
In Guatemala.
In Iraq.
In Malaysia.
Hundreds of thousands of people are sending a message to the corrupt. Your days of impunity are numbered.
That is a reason why we are here. But we have a struggle in front of us.
In too many countries the basic rights to freedom of speech and freedom of association are being eroded or taken away.
It is hard to fight corruption without those rights.
Most insidious of all is political corruption. The twisting and distorting of the law by governments plagued by cronyism and captured by special interests.
In Kuwait our chapter was taken over by a government appointed board. In Tunisia our activists were threatened with legal action for criticising laws that would set the corrupt free. In Russia civil society organisations are being placed on a register of Foreign Agents – the first moves that could attempt to close down the work of anti-corruption fighters in that country.
Those with integrity removed.
Secret deals.
Cronies appointed.
Violations of human rights
This feeds what we call grand corruption because it creates a climate where corruption flourishes and impunity protects the powerful.
We are in a global world and illicit money can be moved in a single keystroke. The oligarchs of corruption can also move freely without legal consequences, flaunting their five-star lifestyle, buying their properties in London, the south of France and Kenya.
That is what we mean by impunity.
Let me give you one example. The former President of Ukraine – Viktor Yanukovych. When he finally fled, the people of Ukraine discovered that their money had been spent on a mansion with a zoo and a full size Spanish galleon ship. What was revealed was a chain of shell companies in Vienna, London and Lichtenstein that concealed the vast wealth he was stealing from the country. Ukraine’s Chief Prosecutor has said that there is evidence that at least $350m has been stolen…it could be much more.
He and too many corrupt politicians and business people use shell companies to conceal their money. That is why we will talk at length at this conference about the need for public registers of beneficial ownership.
It is collective action that can challenge impunity.
In France, after a campaign our chapter, 300m euros of assets stolen by the former President Obiang of Equatorial Guinea were frozen by the courts.
Now in Guatemala, after a mass campaign, the former Vice-President is in jail awaiting trial accused of conspiracy and bribery and yesterday the immunity from prosecution of the President was removed and a judicial order was released so he cannot leave the country.
And in Brazil, where one million people took to the streets for the Petrobas scandal has seen five politicians arrested and criminal cases brought against 13 companies, including the head of the world’s largest construction company. And our movement is now working across 7 South American countries to uncover how far the Petrobas scandal has spread, while politicians and heads of these companies have been arrested.
The web of corruption shows very clearly that this is not confined to developing countries. Many companies in Europe and the United States are being investigated for bribery.
Fighting against corruption takes courage.
We should pause at this moment and remember those who paid a terrible price for speaking out against corruption.
Danilo Lopez and Frederico Salazar, two courageous journalists were murdered in broad daylight in Guatemala. For more than a decade Lopez had exposed corruption and the misuse of public funds by corrupt politicians. And a month and a half ago an anti-corruption activist was killed in Mexico.
This year 24 journalists around the world who have exposed corruption and human rights abuses have been killed. 24.
In Azerbaijan, as we meet, investigative journalist Khadija Ismayilova was sentenced yesterday to seven and half years for “economic crimes.” These are typical of the bogus charges brought by goverments to shut down those who speak out against corruption.
Khadija exposed how the government awarded the rights to a lucrative gold field to the President’s family. In a statement she just said: “I might be in prison, but the work will continue.”
That is the work that everyone in this conference is dedicated to take forward.
Press freedom and freedom of expression are the pillars of democratic societies and journalists must be able to work without fear. We stand with them.
Our movement has shown that it can fight back.
In Cameroon, Paul Kingue was freed from prison after a sustained campaign by local and international groups.
His crime?
Exposing a French-owned banana producer for tax fraud.
In Angola the most serious charges against Rafael Marques de Morais were dropped after a sustained international campaign.
His crime? A book exposing corruption and torture in Angola. For that he could have faced nine years in prison. Just for writing a book.
There are many more activists around the world and many are here present in this conference. Let me pay tribute to you, for your courage, for your honesty, for your integrity.
Change can and does happen.
Why are we so passionate about the change we want to see?
We share many values. We want to see an end to poverty, we want all children to be able to go to school. We want people to have access to healthcare and live in decent homes.
That is why we are here and why we fight corruption.
Because the price of corruption is paid for by all of us but especially by the poorest in our countries.
The private jet that is paid for by the school that is not built.
The luxury house that is paid for by those who cannot get the medicine they need.
The yacht paid for by the homeless.
How do we change that? There is much we know, and much you will debate this week.
No one can be in Malaysia and not be aware of the corruption allegations of recent months and how damaging they are to the country. There is a corruption crisis here.
As a global anti-corruption movement it is our role to ask questions, to challenge those who abuse their power, to champion those who cannot speak and to engage with those who sincerely wish to change.
Let us recall those two words – honesty and integrity.
What does that mean for Malaysia?
The government has taken measures and initiatives to tackle corruption. We will surely hear that from the minister.
We want to see more progress but that cannot happen while there are unanswered questions about the $700m that made its way into the Prime Minister’s personal bank account.
In recent weeks we have seen the Attorney-General who was critical of the government suddenly replaced, the 1MDB taskforce suspended, investigators at the Anti-Corruption Commission arrested or transferred, and newspapers suspended for reporting on the matter.
These are not the actions of a government that is fighting corruption.
We may well hear promises of reform. That is not what is needed at this time. And promises alone will not restore confidence and trust.
There are two questions that need to be answered:
Who paid the money and why?
Where did it go?
One man could answer those questions.
If that does not happen then only a fully independent investigation, free from political interference, can uncover the truth.
Until that happens, no claim from the government on anti-corruption will be credible.
I stand here today with you and say this is what the people what from government – honesty and integrity.
Our movement does not stand alone. We have common cause with all who speak up against those that would seek to enrich themselves at the expense of the people.
We are global.
We have a powerful voice.
We are together against corruption.
This conference will last three days, but our work will continue each and every day both in Malaysia and throughout the world.
Related
Malaysia must explain US$700 million donation, says international anti-graft group – Malaysian Insider
Transparency International (TI) chair Jose Ugaz wants answers to the scandal surrounding Prime Minister Najib Abdul Razak.- Malaysiakini
NO WONDER NAJIB NO-SHOW AGAIN: World transparency body declares M’sia facing MAJOR CORRUPTION CRISIS – Malaysia Chronicle
An influential Indonesian daily has likened the Bersih 4 rally last weekend to the anti-Suharto uprising in the late nineties, suggesting that Prime Minister Datuk Seri Najib Razak’s days are numbered.
“The departure of Najib appears simply to be a matter of time and a matter of how to find a ‘face-saving’ formula.
“This is the perfect time for Malaysians to prepare a new direction for their nation. Like it or not, they have to embrace fully fledged democracy,” said an editorial in the English-language daily, The Jakarta Post, today.
The paper made a comparison between Najib’s reaction to the protest with the late Suharto’s dismissal of the “reformasi” protests in Jakarta that eventually forced the long-serving dictator to resign in May 1998.
“The corruption and abuse of power allegations against the prime minister have gained strength and he has apparently failed to convince the people of his innocence,” said…
Tulipomania is the name given to the earliest economic bubble in recorded history. An economic bubble is a market condition in which the price of an asset is far in excess of its intrinsic value but which is willingly paid by buyers in anticipation of finding other buyers who will pay an even higher price. The bubble bursts when buyers no longer are willing to pay more for the asset than its intrinsic worth. That causes those who own the asset to lose the amount by which they previously overpaid. This drop in value happens quickly in the form of panic selling.
Many otherwise prudent people found themselves infected by the hysteria, They borrowed against their homes and invested their life savings to get in on the windfall. Contracts for future delivery of tulip bulbs ‒ a form of today’s commodity market ‒ became a dominant feature of Holland’s stock market.
When bubbles burst, a transfer of wealth always takes place – from the victims to the schemers and from the unprepared to the prepared.
I found Hunsader’s allusion to “Lord of the Flies” to be quite haunting. For me it encapsulates the societal, political and economic direction in which the United States is headed. Rule of Law has been completely eroded by corrupt Presidents and citizen nonchalance. Many beside me have alluded to the fact that the U.S. political system now resembles that of a Central American Banana Republic. That’s no secret to anyone who cares to peek at reality.
Satu Insan - Malaysia 