Saturday, April 25, 2020

Foxes Prowling Streets Fulfill Prophecy

Pretty interesting how the Jews are watching prophecy and expecting the third Temple and their false Messiah that we know as the Antichrist.
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In Ashkelon, an ancient Mediterranean seaport and now one of Israel's main southern cities, a family of foxes has become a regular feature - nosing through discarded food, and playing sometimes unfriendly hide-and-seek with dogs in a local park.

In August 2019, as the Jewish world counted the days to the ninth of Av (Tisha Be'Av), the date on which Jews mourn the destruction of the two Temples in Jerusalem following its destruction by the Romans, foxes were spotted walking near the Western Wall, a press release reported on Thursday.
It is written in the Book of Lamentations (5:18), which is read on Tisha Be'Av, that Mount Zion – where the Temples stood – will be so desolate that “foxes will walk upon it.” The understanding, according to the Talmud in the tractate Makkot (24b), is that if the prophecies of destruction have been fulfilled, so will be the ones by the prophet Zachariah about the Temple being rebuilt. 
Rabbi Shmuel Rabinowitz, the Rabbi of the Western Wall and Holy Sites, referred to photos of the foxes and commented, “One cannot refrain from crying at the site of the fulfillment of the prophecy of 'foxes will walk on it.'”

https://m.jpost.com/israel-news/foxes-prowl-ancient-port-city-in-israel-during-coronavirus-lockdown-625482
Hat Tip to Tom

Muslim Call to Prayer Heard in Minneapolis

The satanic religion of Islam is working its way into major cities in USA in an ever more public way. The Muslims will view this as a major victory in elevating Islam above all other religions. True Muslims will hope to one day dominate the world, taking it over one city, one state and one nation at a time.
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For the first time in the history of Minnesota, the Muslim call to prayer was broadcast over an outdoor speaker placed over the rooftop of Dar Al-Hijrah Mosque in Cedar-Riverside neighborhood.
The “adhan” will be broadcast five times a day throughout the month of Ramadan, which began Thursday night.
“This is a historic moment tonight for us to be celebrating the first call to prayer, adhan, in a major city in the United States,” said Sheikh Abdisalam Adam, board chairman of Islamic Civic Society of America & Dar Al-Hijrah Mosque, the Sahan Journal reported.
CAIR, the unindicted co-conspirator of the largest terrorist funding case in US history, worked in partnership between the city of Minneapolis and the Dar Al-Hijrah Mosque to make sure the Muslim call to prayer was blasted over a loudspeaker so people in the neighborhood can hear it during the Coronavirus lockdown.
“Tonight’s historic call to prayer in Minneapolis will bring comfort and remind the faithful and the neighborhood that as we are physically distant we can still be connected to our faith and mosque,” said CAIR Minnesota Executive Director Jaylani Hussein.

https://www.thegatewaypundit.com/2020/04/first-time-history-minnesota-muslim-call-prayer-will-blasted-outdoor-speaker-five-times-day-throughout-month-ramadan/?utm_source=Twitter&utm_campaign=websitesharingbuttons

Friday, April 24, 2020

Prepare for ZIRP

As many of you know, I have been a Financial Consultant for over 30 years.  So every day I get numerous emails from various financial institutions all telling me what the future looks like.  "We believe that the markets will remain strong."  Or, "We believe we will have a W-shaped recovery.", etc...

Today I received this one telling us that the FED will not stand in the way of recovery.  Translation:  The FED is going to be ready to create money out of thin air AND keep interest rates at ZERO.

ZIRP is an acronym for Zero Interest Rate Policy.

By the end of March, the COVID-19 global pandemic had a deep and profound effect on virtually every economy across the world. The impact on growth is very real, albeit acute, and will pull economic activity down significantly even with the active and widespread government intervention currently underway. While April is shaping up to be one of the “longest” months in recent memory, we are looking forward to May and June when the focus will be how quickly various economic areas can begin to migrate back toward some form of normality.

Overall, we believe the second quarter will be more transitional from the COVID-19 fallout, setting up the third quarter when growth should begin to accelerate aggressively, through to the end of the fourth quarter when we believe we will see a more normal employment and economic growth rates of 2-3%. While this time line may be longer than many expected, it is certainly short enough so as not to impair the ability for a relative short-order rebound. While much uncertainty remains, one aspect of the COVID-19 market shock is clear: The Fed will not stand in the way of the economic recovery. This means the world is headed for a prolonged period of zero interest rate policy also known as “ZIRP”. In this zero interest rate world ahead, less distressed and more rational markets will begin to highly value the yield and income opportunities currently available.

We believe demand will remain focused at the higher end of the credit quality spectrum across corporate and securitized asset classes, albeit selectively among issues and issuers. Accordingly, caution is likely to prevail among the more risky segments, including high yield and certain segments of the securitized market, as investors wait to see how the recovery progresses. We are preparing our portfolios for this zero interest rate world through high-quality investments across consumer finance and non-agency RMBS, while also looking at select areas of CMBS, where market dislocations have created attractive entry points in areas we believe will exhibit resiliency through the economic downturn.

The Fed has no intentions of being a headwind to the recovery and we expect to remain in a Zero Interest Rate Policy (ZIRP) world for quite some time. More importantly, in our opinion, the Fed will not move to a negative rate stance. In maintaining ZIRP for the foreseeable future will anchor the front end of the curve. We expect the 10-year yield to tread in the 0.50% - 1.00% range, with a bias towards the higher end of the range as investors gain more clarity over the economic impact of the virus.

I can't give you a link because the article isn't for public distribution and you couldn't open it anyway.

But I will remind you that this is the first time EVER in human history that that interest rates have been zero or below zero.  And it looks like this is going to be with us for a very long time.

Why?  Because the entire world has become dependent on debt.  We want $50,000 cars but most will never have $50,000 in savings to pay for the car so we finance it.  The same can be said about virtually everything that Americans buy.  Even your sofa, appliances, TV's and boats.  It's all financed.  That's what keeps our consumer society running.

In order to keep people buying stuff on monthly payments, we need to make things as painless as possible.

Also, what might happen to the US Government Debt of $25 trillion if THEY had to start paying 5% annual interest on that?  Do they even collect enough in taxes to pay the interest?

No one knows for sure.

This would be one more factor that points to the understanding that the end of the financial world as we know it is probably much closer than any of us realize.

Remember, this ALL NEEDS TO HAPPEN to make way for the Antichrist financial system that the Bible has told us about all along.

Thursday, April 23, 2020

Bankruptcy Looms Over US Oil Industry

Who could have known? 12 years ago gasoline was selling for $4.25/gallon here in Minnesota. The experts were telling us that oil would never fall below $150/barrel. “Welcome to peak oil!” they told us.

Yesterday a friend told me that gasoline was selling for $.99/gallon in Red Wing, MN. A price not seen here since 1999.  And of course with oil at $14/barrel the oil industry is getting ready for bankruptcy.  What a difference a day makes.
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Fuel demand has tumbled roughly 30% worldwide due to the coronavirus pandemic, and just as the health crisis worsened a price war between Russia and Saudi Arabia flooded markets with crude. The industry was already struggling to satisfy investors unhappy with weak returns, even as the United States surged to become the world’s largest oil producer in the last few years. 
That perilous position was before U.S. prices crashed deep into negative territory on Monday, as much as $38 per barrel in the red. This sudden rout came despite substantial spending and output cuts having already been announced by U.S. producers, and reflected a price environment well below levels that companies and advisors had modeled in worst-case scenarios, according to energy lawyers.

https://www.reuters.com/article/us-global-oil-usa-restructuring/bankruptcy-looms-over-u-s-energy-industry-from-oil-fields-to-pipelines-idUSKCN2250FQ

Tuesday, April 21, 2020

Trump Moves to Protect Against EMP Attack

My long time readers know we have been blogging about EMP’s since we first started. Americans are totally reliant on electricity for everything. If the power were to get shut off right now and stay off for  4-6 months, FEMA tells us the US death toll could be 70% or greater.

Think about it. No freezers, no gasoline can be pumped, your electronic ignition car sits fried in the driveway, Walmart is looted, Cub Foods is pitch dark, the last milk in your refrigerator just spoiled, mobs of terrified people from the city are looking for food anywhere they can take it, credit cards don’t work, cell phones don’t work, no Netflix, no computers, no news on the TV.

An enemy of USA could do this OR Mother Nature could do it with a solar storm landing a direct hit on planet earth. Life as we know it would be totally over in a flash
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It’s not something many Americans think about: an Electro-Magnetic Pulse (EMP) attack on the nation’s electric grid. However, both peer competitors (Russia and China), and emerging threat countries, like North Korea and Iran, are perfecting this strategic weapon.
The White House is taking this potential threat seriously. On March 26, President Trump issued “Executive Order on Coordinating National Resilience to Electromagnetic Pulses” in an effort to assess the risks of such an attack to critical U.S. infrastructure. Preliminary studies indicate that a catastrophic EMP event could cripple the U.S. economy and its military.
EMPs are pulses of energy that can be emitted from the blast of a nuclear weapon, portable devices like high power microwave weapons (HPMWs), or even certain natural phenomenon. These powerful pulses – when interacting with the Earth’s magnetic field – have the ability to damage electronic and electrical equipment such as computers, cell phones, transformers and transmission lines, as well as critical communications infrastructure. Even worse, the design of America’s electric grid means that damage to certain critical substations could cause cascading failures across the entire country.
While the threat of an electromagnetic pulse has been around since the first nuclear bomb (all nuclear denotations generate an EMP field), our heavy reliance on technology and the interconnectedness is unprecedented. The Commission to Assess the Threat from Electromagnetic Pulse Attack has warned since 2001 that essential U.S. infrastructure is at risk to an EMP event, stating that a high-altitude EMP (HEMP) attack would be “an existential threat to the survival of the United States and its allies.” An HEMP would likely involve the detonation of a nuclear weapon miles above the United States, where kinetic damage would be relatively harmless but the EMP effects would be at their most potent.

https://www.forbes.com/sites/arielcohen/2019/04/05/whitehouse-prepares-to-face-emp-threat/#15a1511fe7e2

Monday, April 20, 2020

Oil Falls to Below $0 for First Time Ever!

12 years ago we were paying $4.25/gallon for gasoline.  We were told by analysts that oil would NEVER go below $150 per barrel.  We were at peak oil and it was only going to get worse!

Then some Republicans started saying "drill baby, drill!"  Turns out America had all sorts of oil. We now have more proven reserves than Saudi Arabia.

But now with the shut down, all sorts of people are driving to work.  School buses sit idle. Construction vehicles are sitting idle.  So the demand for oil went into the tank.

Today in the oil market the price for oil went below zero.

Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.
The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — negative $37.63 per barrel. Sellers were actually paying buyers to take the stuff off their hands. The reason: With the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies have run out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due.
Underscoring just how acute the concern over the lack of storage is, the price on the futures contract due a month later settled at $20.43 per barrel. That gap between the two contracts is by far the biggest ever.
“The May crude oil contract is going out not with a whimper, but a primal scream,” said Daniel Yergin, a Pulitzer Prize-winning oil historian and vice chairman of IHS Markit Ltd.
It would sure seem that the world is being shaken.



China to Run Simulations on Digital Currency

The news for the cashless society spoken of in Revelation just keeps coming.

China’s central bank has given the green light for some commercial lenders to run trials of its digital currency, according to people familiar with the matter, bringing it a step closer to becoming the world’s first major monetary authority to issue its own digital tender.
State-owned Chinese banks are conducting internal, hypothetical-use tests of a People’s Bank of China digital currency as if it were being used in Suzhou, Xiong’an, Chengdu and Shenzhen, the people said, asking not to be named as they’re not authorized to speak on the topic.
China’s central bank has led global peers in development of digital legal tender, setting up a separate research team for the task and filing hundreds of patents. At a meeting earlier this year previewing the work in 2020, the bank said the research is going smoothly, though it hasn’t named a specific timetable for when the currency would be released to the public.
The digital currency will aim to partly replace cash to adapt to the increasing dominance of digital payments in China’s retail sector.
For the past 2000 years people read the Bible and said, "how could it be possible that the whole world could use a cashless system that requires a mark in order to buy or sell anything?"
And now we are the first generation to have the technology to make this possible.