February 7, 2016 at
7:05 AM - 3:28 PM
GOOD MORNING GLADIATORS.
An update of where things stand
7:05 AM - 3:28 PM
I received this just now ... like Rani always says USE DISCERNMENT..
Fwd: An update of where things stand
There are many very good things taking place as we speak. Great strides are being made in the formation of our (the people's) government, the New Republic. So, you haven't heard about it in the main stream media? Has not been the right time yet - until now. The interim President is General Joseph Dunford, Chairman of the Joint Chiefs of Staff and his Vice President and cabinet have been selected. (Names and faces you will recognize). The UN has given 100% support to the New Republic and as of yesterday (Friday) afternoon, all nine of the Chief Justices of the Supreme Court had signed in under the New Republic. This government of the people and by the people has been in formative mode for quite a few years and this is culminating at such a time as this, We have a new currency that will be announced which is asset-backed/gold standard and has real revalue. This is replacing the Federal Reserve Notes - fiat money which now has no value at all.
The United States, Inc, the corporate Government set into place over 100 years ago, overwrote the Constitution and brought this country to its knees and almost to a point of no return. Under this rule, we have been gagged, told what to think, what to purchase, what is acceptable and what is not, what to say and how to say it; our hands have been tied and we have been threatened for opening our mouths in protest of those in charge. We have been told how to raise our children, what we can and cannot say to them, whether or not - and how - they can be disciplined as we have been threatened with fines or jail if we do not comply. Well, the list goes on and on and I am sure you get the picture. Elected officials - especially the president - has for several terms now been bringing about a rule of law and government from which basically all of us have groaned for relief. They have lived by a set of laws that were separate from what was demanded of us, and they never seemed to be held accountable for gross crimes they had committed. The last 8 years we have been ruled by presidential edict called Executive Orders where "laws" were written that totally bypassed our legislative process. All scream "foul", but nothing seems to be done about it.
Well, the tide is turning. Now that the corporate government has been bankrupted and declared defunct and illegitimate, the constitution has once again been reestablished as the law of the land and common law is being set back in. We will see ownership being returned to The People. This interim government is one that will represent all the people, and those in office have been well-trained in bringing us back to Constitutional/common law. We will see the huge "Federal" government dismantled (already in progress), the criminals at all levels of government and banking and finance being held accountable, (been going on for a couple years at a fast pace), and we will see a return to simpler law and court systems. Wealth and freedom to employ our skills will be returned to the hands of the people, (This is already underway and will be coming to the forefront with the Global Currency Reset and the revalue of currencies globally.) The original constitution called for NO TAX ON WAGES and a simpler national government. The States were to be sovereign and ruled by their citizens. Think it can't be done? The flat tax has already been called for in elections of the recent past and for 20 years Ron Paul has been calling for the dismantling of the Fed. This also is already in progress.
It is happening and has been for a while now. There are leaders and people in prominent positions outside the U.S. who are also helping bring this about. Why? Because we have been a large presence and a large economy (at one time) on the world stage and our failure would behoove none of them. We are coming to the point of seeing it manifest. Haven't heard much about it? Well now is your chance. Progress has been made to the point that the New Republic is already set in and the old Fed government is already being dismantled. The "mainstream media" has given agreement to the New Republic to use the Emergency Broadcast System to bring the general public up to speed on what is being re-established; all of this under the blessing and authority of the Supreme Court. Remember 2008 when suddenly faces were appearing on the TV screens telling you the banks were folding and the sky was falling?!? Now we will hear from very recognizable faces in front of the cameras giving us news we have longed for and didn't dare dream would happen.
Interim president? Interim government? Is this a dictatorial takeover? Yes, Yes, and NO! Let's just say the corporation has run its course and we are taking our nation back and rebuilding to bring about the America we have been told all this time really existed but didn't. Quite a sell and quite a facade and quite a house of cards. It is time to bring the Republic to reality. It is constitutional that the government has to be elected by the people; therefore, this interim group will get us started on the road to being the Republic as originally planned and to rebuilding our nation. An election will still take place. Some of the names and faces may be changing. (Count on it).
So, let's just say that we are living in very historic and exciting times. We will have the chance to be part of the answer and the restoration. In a lot of ways our nation has just gone through a birthing process and we will have a lot to do in the coming decade to bring about the real changes that are needed. .
We are clear for announcements - and we wait. There is a great push for this to be done for Monday. May I just say - stay tuned?
RayRen98 wrote 11:19 PM Feb 6, 2016
THE BANKS RECEIVED A NEW MEMO TODAY.....CHECKING FOR ACCURACY.....STAND BY - DON'T GET OVERLY OPTIMISTIC....YET
Ray If this is confirmed does this also mean a different timeline from the one you had previously?
COUNTRYBOY - YES
Obxlady1 wrote Ray if new memo is true are you pleased? RayRen98 wrote 46s ago 0BXLADY1 - YES
IKO WARD ...Late evening 10:38 PM Feb 6, 2016
Iko Ward wrote The news is very, very, very good. Wait for the 800's. Don't call the banks because they won't know anything. We'll have to go to the exchange centers. Just stay calm cause it be comin round the mountain.
Iko Ward wrote You guys are the best. Listen, sit back and watch it unfold. Don't worry about the rates, don't worry about the hour. Be calm during your exchange and let them know you know the rates. Don't take any wooden nickels.
Iko Ward wrote Well Tonto, think our work here is done.
Iko Ward wrote
HI HO SILVER!
Poppy3 just posted OK SOME CONFIRMATIONS… MALIKI IS UNDER HOUSE ARREST, SHABIBI IS SUSPECTED TO BE REINSTATED TO CBI GOVERNOR, WIDOWS AND RETIRED MILITARY PERSONNEL SMART CARDS TO BE CHARGED AND DISBURSED ON THE 8TH. ALL THIS ANNOUNCED ON BAGHDAD EARLY TV THIS MORNING. NO RATE WAS MENTIONED BUT IT MAKES ZERO SENSE TO ISSUE THEM WITHOUT A NEW RATE. THEY HAVE SAID BEFORE THEY WOULDN’T BE DISBURSED TILL THEY HAD A HIGHER RATE. THIS CAME DIRECT FROM PERSON 3 BLOCKS FROM OUR BAGHDAD EMBASSY. REMEMBER DR SHABIBI HAS ORGANIZED AND OUTLINED THE RV AND WANTED TO DO IT LONG AGO… I’M FOR ONE AM EXCITED HE IS BACK AND EXPECT TO SEE SWIFT ACTION.
corporate attempts to start wars appears to be vanishing.
An Exasperated John Kerry Throws In Towel On Syria: "What Do You Want Me To Do, Go To War With The Russians?!"
Submitted by Tyler Durden on 02/07/2016 09:48 -0500
“Russian and Syrian forces intensified their campaign on rebel-held areas around Aleppo that are still home to around 350,000 people and aid workers have said the city - Syria's largest before the war - could soon fall.”
Can you spot what’s wrong with that quote, from a Reuters piece out today? Here’s the problem: “could soon fall” implies that Aleppo is on the verge of succumbing to enemy forces. It’s not. It’s already in enemy hands and has been for quite some time. What Reuters should have said is this: “...could soon be liberated.”
While we’ll be the first to admit that Bashar al-Assad isn’t exactly the most benevolent leader in the history of statecraft, you can bet most Syrians wish this war had never started and if you were to ask those stranded in Aleppo what their quality of life is like now, versus what it was like in 2009, we’re fairly certain you’ll discover that residents aren’t particularly enamored with life under the mishmash of rebels that now control the city.
In any event, Russia and Iran have encircled Aleppo and once it “falls” (to quote Reuters) that’s pretty much it for the opposition. Or at least for the “moderate” opposition. And the Saudis and Turks know it.
So does John Kerry, who is desperate to restart stalled peace negotiations in Geneva. The problem for the US and its regional allies is simple: if Russia and Iran wipe out the opposition on the battlefield, there’s no need for peace talks. The Assad government will have been restored and that will be that. ISIS will still be operating in the east, but that’s a problem Moscow and Tehran will solve in short order once the country’s major urban centers are secured.
Mac February 7, 2016 at 11:44am
In reading some comments here are we saying that without a New Republic no RV, No GCR? Even with Iraq and Iran's ascension to the WTO soon and Iraq about to RV their currency. We as the US will not be able to participate in this glorious event without TRNS and a New Republic? How is that?
Awake-in-3D > Mac February 7, 2016 at 1:07pm
My info indicates that the TRN (ticker symbol USN) must be available within the banking infrastructure before any private currency group exchanges can occur. I also can extrapolate that the Republic requires the TRN release in order to commence operations officially. However, I do not believe that the Republic needs to be officially in place before currency exchange/redemption groups can begin. The exchanges and the Republic may go concurrently in the background but public announcements concerning both the GCR and the Republic are an entirely different component of the overall scenario.
My info still stands that the private currency exchanges (groups) will occur (and likely complete) before any Public announcements make their appearance. As always, this may not necessarily be the actual way it all plays out in the end but it's the best that can be pieced together with what's available.
I also reference the IMF Report from January 2016 (as I posted earlier last week) stating that Iraq's currency will be pegged to the US dollar and also that Iraq will officially end its Multi-currency Policy (using both USD, other currencies along with IQD concurrently within its domestic economy) by the end of FEB 2016 as a pretty sure sign that the IQD will RI this month. I mean, it's right there in black and white. Does this mean the IQD will RV as well? One could certainly make the case for an RV (becoming the IQN) - along with Iran, and the rest of the kit and kaboodle. :)
End of ISIS is Near, Lifeline with Turkey Cut-Off
February 8, 2016 eClinik Learning Leave a comment
The Geneva talks collapsed before it could even begin, and for weeks now, battles are raging inside Syria’s largest city of Aleppo that will soon decide who will win the war in the devastated country.
Already, both Turkey and Saudi Arabia are floating the idea of a ground invasion to “fight terrorism,” which could only mean that they want to rescue their ISIS Daesh allies inside Aleppo where its most valuable supply line with Turkey, e.g. arms and oil smuggling, has been effectively cut-off.
Awake-in-3D February 7, 2016 at 3:21pm
How will the deeply "shaken and not stirred" global markets face and weather a week without the Chinese markets being open?
Will the New Year hiatus be the period when some new financial systems are brought into the world to be ready for what we call the GCR (beginning to reveal itself "publicly") the week of FEB 15th?
Two of the world's largest markets/Central Banks, European Union and Japan, are in full-on NIRP (negative interest rate program) mode. Capital flows are exiting Chinese and Japanese markets in a raging river fashion exerting tremendous pressure on their FX (foreign exchange currency) Reserves balances, making it incredibly more expensive to maintain their peg to the US Dollar. Oh, and as the US Dollar continues its epic ascent in global value (uh, "perceived" value given this is all Fiat currency we are dealing with) breaking 40-year technical parameters.
Could this be a Chinese New Year of global, critical significance? If this week's holiday isn't significant in relative terms of birthing an asset-backed currency system for the world, then I couldn't imagine more of what could make it more significant. It's a major milestone for sure, but is it a critical path milestone in the Grand Plan? Let it be so!!! :)
When is China’s stock market closed for Lunar New Year?
Published: Feb 5, 2016 1:11 p.m. ET
The Shanghai Composite has fallen 22% year to date
The Chinese stock market will be closed from Monday to Friday as the country shuts down much of its commercial activity to celebrate Lunar New Year, which will usher in the year of the monkey.
Lunar New Year, also known as the Spring Festival, falls on Monday and is arguably China’s biggest holiday and traveling season as millions of Chinese return to their hometowns to spend time with family.
The Hong Kong HSI, +0.55% stock market will also be closed from Monday to Wednesday.
The news of closure may come as a relief for some investors as volatility in the Chinese stock market, along with weak oil prices, has been blamed for roiling the global financial markets since the beginning of the year.
The Shanghai Composite Index SHCOMP, -0.63% fell 22% year to date to 2,763even as Chinese authorities continued to pump cash into the economy to offset a persistent slowdown in the manufacturing sector.
The official manufacturing purchasing managers index fell for a sixth month to 49.4 in January from 49.7 in December. A reading above 50 indicates an expansion in activity, while a reading below that points to a contraction.
Mounting worries about China’s economy, combined with questions about whether the Chinese government has ample resources to combat a potential financial crisis, are likely to continue to weigh on stocks in the foreseeable future.
“The August low of 2,850 is holding so far, but we cannot rule out a deeper drop to 2,500-2,270 that would mark a complete retracement of the rally from the late-2014 breakout,” said Stephen Suttmeier, a technical research analyst at Bank of America Merrill Lynch, in a recent report.
Something broke in China in 2016
Published: Feb 3, 2016 1:59 p.m. ET
The problems in China have not been "fixed," and the situation may get a lot worse by the end of 2016. I have been making the case for the economic unravelling of China in this column throughout 2015, before it became mainstream news, and the situation is rapidly deteriorating. (For a summary of the root causes of why this is happening, see my last MarketWatch column for 2015: "Will 2016 Bring New Treasury Yield Lows?")
But before I explain why China is rapidly deteriorating, here's some good news:
After the worst-ever first week of the year in the U.S. stock market's history (and worst January), the U.S. Treasury market is acting very well, with firm bond prices and falling Treasury yields. In this highly deflationary global environment, Fed rate hikes are hopelessly misguided and highly inappropriate; but for the time being the Fed is still focusing on the improving employment picture in the U.S., with bonds rallying and stocks selling off.
U.S. stocks are resilient
The good news is that the U.S. stock market can rebound from external shocks. The current collapse in oil and other commodities is not the same as the collapse in the U.S. real estate market in 2007 and 2008. When commodity prices drop, producers lose and consumers win.
In contrast, the 2007-2008 collapse in real estate prices threatened to take the whole financial system down. Too much mortgage credit extended to too many un-creditworthy borrowers caused real estate prices to overshoot spectacularly. It is this irresponsible expansion of credit, repackaged and leveraged to the hilt in some truly-fascinating structured mortgage products that nearly blew up the banking system after the collapse of the real estate market, leading to the Great Recession. (See "The Big Short" film, even if you already read the brilliant book.)
Luckily for us, the situation today is rather different in the United States. Unfortunately for the Chinese, their situation is very similar to 2008, or even 1929. The Chinese economic unravelling reminds me of the Asian Crisis in 1997-98, with the caveat that it is much bigger. China today is an economy whose 2015 GDP will be close to $11 trillion when finally reported, using estimates from Trading Economics LLC.
The CRB Commodity Index made fresh 40-year lows last week and looks to be headed lower. China is the no. 1 or no. 2 consumer of most major commodities, and the action in the commodity markets signifies increased supply (after years of investments to boost capacity), as well as weakening demand.
During the Asian Crisis, copper traded down to 61 cents/lb. (today it's near $2.00/lb.) while oil barely held $10/bbl. (today it's near $30/bbl.). It is true that the costs of extracting major commodities have dramatically risen since the Asian Crisis, but it is also true that the largest consumer of commodities has been caught in an economic spiral that seems to be gathering momentum based on the action of the CRB Index and other secondary indicators. I simply do not believe official Chinese statistics, as you will see below.
Is there anything China can do?
Why do I think it is impossible for the Chinese authorities to stop the situation from deteriorating further? The debt overhang in the Chinese economy is around 400%, a leverage ratio that quadrupled in 15 years while the economy grew almost tenfold. (I have made this calculation more than once in this column.)
Bad debts in the financial system are exploding. Autonomous Research in Hong Kong puts them at 20% to 21% using top-down data and parallels from similar situations like Japan, which went into a financial system crisis after a massive expansion of credit. (See the Oct. 29, 2015, Bloomberg article, "Credit Sleuths in China Uncover Bad Debt Dwarfing Official 1.5%.")
CLSA Asia Pacific Markets, which was often rated the no. 1 Asia-focused institutional broker over the past 10 years, puts the estimate of bad loans at 6.1%. The trouble is that CLSA has now been sold to mainland-based Citic Securities, and Citic bosses have been arrested by Chinese authorities in what appears to be a witch hunt to seek blame for the crash in the mainland Chinese stock market. How are the CLSA analysts now going to call it like it is, which is a trait they were famous for over the years? (See Nov. 17, 2015, Bloomberg article, "Fear Spreads as China's Finance Firms Face Arrests").
Chinese monetary policy is not working. The central bank has lost control of the unregulated Chinese shadow banking system, which by some estimates is larger than the Chinese economy. If non-performing loans (NPLs) in China are rising, cutting interest rates and lowering reserve-ratio requirements will not work until NPL ratios level off. In other words, the credit bubble has burst but it has to yet be deflated.
The massive capital flight out of China is not helping. In December 2015, China's forex reserves dropped to $3.330 trillion from $3.438 trillion in November and an earlier peak of $3.993 trillion. Capital flight out of China is accelerating. Provided that NPL ratios are rising in the banking system and Chinese banks are rapidly burning through bank capital, it is not surprising that the People's Bank of China is loosening its grip on the Chinese yuan so as not to throw good money after bad and increase the burn rate on the dwindling forex reserve assets. Forex reserve assets are deceptively large in absolute terms but may turn out to be inadequate to support the yuan fixing so a massive yuan devaluation similar to the one we saw in 1994 cannot be ruled out.
Beamer > Awake-in-3D February 7, 2016 at 3:28pm
Thank you for painting the Picture.
Awake-in-3D > Beamer February 7, 2016 at 3:39pm
I still believe a global soft crash is required as the plausible, public justification for introducing a new currency system. However, I am NOT in the "global catastrophe, banks collapsing" camp.
Soft crash plausibility? Yes. This week is a perfect storm opportunity. Let it be so! But as I always remind myself, I ain't runnin' the GCR show. :)