Financial market report for the week ending October 11, 2013
1)REVELATION 13:1-2 PRESENTS THE CONCEPT THAT THE BEAST SYSTEM, WITH ITS TEN HORNS AND ITS SEVEN HEADS, WILL RULE OVER MANKIND IN THE LAST DAYS.
The Beast's ten horns are ten regions of economic and political power and authority.
The Beast's seven heads are mankind's seven institutions; these being 1) Education, 2) Banking, Finance, Commerce and Trade, 3) Body Politic, 4) Military, 5) Religion, 6) Media, 7) Science and Technology.Each of these seven institutions will increasingly be integrated with each other, in totalitarian collectivist regional governance, in each of the world's ten regions.
This monster will emerge out of Financial Apocalypse, that is a global credit bust and financial system breakdown as foretold in Revelation 13:3-4, and more specifically out of sovereign insolvency and banking insolvency of the periphery and southern European periphery nations of Portugal, Italy, EWI, Ireland, EIRL, Greece, GREK, and Spain, EWP, that is the so called PIIGS, to become a European Super State, which is based on the Euro Currency, FXE, whose economic rubble will be seen in the devastation of the Eurozone Stocks, EZU.Across the Atlantic Ocean, a growing intertwining of institutions will eventually produce a North American Continental Government, that is a North American Union; which is already underway as .
The First Horseman of the Apocalypse, that is the Rider on the White Horse, who carries the bow yet without any arrows, Revelation 6:1, is effecting coup d'etat globally to transfer the baton of sovereignty, from democratic nation states to nannycrats, as they rise to rule in regional governance and totalitarian collectivism.
Thus, leaders from each of the seven institutions who will increasingly be working in statist public private partnerships for regional integration, as they oversee the factors of production to manage regional commerce and trade, to establish regional security, stability and sustainability.
The Beast System of Revelation 13:1-2, is the same as the Fourth Beast of Daniel 7:7, whose mission is to pulverize mankind in ten regions of regional governance and totalitarian collectivism. The Little Horn seen in Daniel 7:8, is a person, Europe's Sovereign, Revelation 13:5-10, the Second Beast of Revelation Chapter 13.He will rise to power with the Seignior, that is Euroland's top dog banker and religious leader who takes a cut, Revelation 13:11-18, the Third Beast of Revelation Chapter 13. The Sovereign's power will be so great that he will pluck out three entire economic and political regions.
For emphasis, I repeat that the Beast of Revelation 13:1-2, is the same as the Beast of Daniel 7:7;they are the same global empires; yet these will collapse when even diktat money fails, and the Sovereign, Revelation 13:5-10, and the Seignior, Revelation 13:11-18, introduce the charagma 666 money system, Revelation 13:18 to establish a one world government and a one world religion.
The First Beast of Revelation Chapter 13, is not Islamic and will not have an Islamic Caliphate, as Joel Richardson of writes in his two books "The Islamic Antichrist" and "Mideast Beast".
For further reading one might consider Olivet Journal , and James McDairmant
2)AS IT WAS IN THE DAYS OF NOAH, SO IT SHALL BE IN THE DAYS OF THE PAROUSIA, THAT IS COMING, OF THE SON OF MAN, JESUS RELATED IN MATTHEW 24:27-31, AND IN MARK 13:24-27, AS WELL AS IN LUKE 21:25-28.
The world has entered the beginning of the end, as the Nephilim of Genesis 6:1-6, are returning; that is the Halfbreeds, those created by Lucifer's children and women are once again being created as , TIS reports.
The reason for the deluge was that Lucifer had corrupted mankind's DNA. Now corporations, physicians and women are playing God. We are witnessing the emergence of a great deception of humanity, an apostasy is emerging encouraging people to believe that geneticists have the keys to our next evolutionary step. The Lord God will not let a genetic modification industry to come to fruition; He will intervene to terminate mankind's endeavors by the Advent of His Son, Jesus Christ.
And Rady Ananda writes in GlobalResearch.ca . In October 2013, the US Food and Drug Administration will hold a to discuss genetic modification within the human egg, which changes will be passed on generationally. The United Kingdom is also moving to allow GM babies.
Human gene therapy has been ongoing since 1990, but most of that involved non-heritable genes, called somatic (non-sex cell) gene therapy. Somatic modifications only affect the individual and are not passed on, and so do not affect the human genome.
The game changed with the successful birth of at least by 2001. Half of the babies engineered from one clinic developed defects, so the FDA stepped in and over "the use of human cells that receive genetic material by means other than the union of gamete nuclei" (sperm and egg nuclei). Now the FDA is considering going forward with "oocyte modification" which involves genetic material from a second woman, whereby offspring will carry the DNA from three parents. These kinds of genetic changes ("germline modification") alter the human genome.
For further reading one might consider reading Duane and Shelly Muir of Signposts of the Times Blog Section to understand how the Nephilim are returning, and fulfilling end time bible prophecy.
Day by Day Blog writes . The flood distinctly marks the end of one order of things and the beginning of another. A man called Noah was chosen by God to be the one to make provision for the continuation of all human and animal life on earth when the deluge was over.
Notice Hebrews 11:7 tells us about this amazing servant of God in what we call the faith chapter, "By faith Noah, when warned about things yet not seen, in holy fear built an ark to save his family. By his faith he condemned the world and became heir of the righteousness that is in keeping with faith."
Jesus had something to say about the evil days in which Noah lived, while answering a question posed by the Pharisees about the time of the coming of the Kingdom of God. He replied; "Just as it was in the days of Noah, so also will it be in the days of the Son of Man. People were eating, drinking, marrying and being given in marriage up to the day Noah entered the ark. Then the flood came and destroyed them all." (Luke 17:26) The people then were doing all of these things but one thing they weren't doing was listening. "It will be just like this on the day the Son of Man is revealed."(verse 30)
Fred H relates . Strong's: Nephilim: "giants," name of two peoples, one before the flood and one after the flood. The LXX uses the term "gigantes"being descriptive of demigods (In Greek mythology, these are the Giants or Gigantes (Greek:, Gigantes) Gigantes as described in Wikipedia as the children of Gaia, who was fertilized by the blood of Uranus, after Uranus was castrated by his son Cronus. Some depictions stated that these gigantes had snake-like tails. The term mighty men (gibbor in the Hebrew) is synonym for giant. Nimrod was a gibbor Genesis 10:8-9; 1 Chronicles 1:10). Nimrod as a "mighty man" (concordance SH5248 for his name is of "foreign origin." The Bible Exhaustive Dictionary of Bible Names defines Nimrod as "a rebel, to be rebellious to resist authority, He who rules, we will rebel" He was a "mighty hunter before the Lord. Before is SH6440pa nym paw-neem', means in defiance, in the face (of God), against, anger, to wound, to dissolve; figuratively, to profane (a person, place or thing), to break (one's word), to begin (as if by an "opening wedge").
"There were giants in the earth in those days; and also after that" (Genesis 6:4). This Scriptural text describes two insurgents of giants that raised mayhem among mankind. The giants of this first insurgence were the nephilim, whose fathers were the fallen angels. They were the incarnate "sons of God" who came into (mated with) the daughters of men" (Genesis 6:4) in the days of Noah. In those days, they were "marrying and giving in marriage" (Matthew 24:37-38).
Very likely these "mighty men," nephilim, were unable to procreate. Hence, their origin was from a breeding program with the angels - "gods" - to produce demigods, or the mystical Titans of folklore.
The insurgence of giants after the flood, were called Rephaim (Strong's Hebrew number 7497), who resided in the Valley of the Rephaim. These Rephaim giants after the flood were smaller in stature. Perhaps this was because they were the offspring of genetically modified DNA, transmitted from the wife of Ham, as an X-chromosome, sex-linked recessive trait. Hence, giants after the flood could self-replicate as both male and female to perpetuate their race and inbreed with the other pagans within the land of Canaan because of their smaller size. At the time of Joshua, perhaps one-half of the population of the Promise Land carried the mutant DNA, as a consequence of pagan (fornication) fertility rites. Hence, God ordered Moses to kill all the "-ites," men, women, children and their livestock!
Steve Quayle, is the leading authority on giants; and frequently updates his blog
3)THE COMING OF "THE SON OF MAN" WILL USHER IN THESE FUTURE EVENTS: ACCORDING TO (PENDELTON, 2007) AND (KNAPP, 2008) "THE GREAT DOCTRINES OF THE BIBLE" (THE DOCTRINE OF "LAST THINGS"), REV. WILLIAM BODIE
1.After the Jews pass through the great tribulation (Matthew. 24:21, 22, 29; Revelation. 3:10; 7:14); are converted (as a nation) at the coming of Christ (Zechariah. 12:10; Revelation. 1:7); become great missionaries (Zechariah. 8:13-23); never more to be removed from the land (Amos 9:15; Ezekiel. 34:28).
2.With Regard to Antichrist, and the Enemies of God's People (2 Thessalonians. 1:7-9; Revelation. 19:20; 20:10). The enemies of God shall be destroyed by the brightness of His coming; The Antichrist will be cast finally into the bottomless pit.
3.The Millennium begins with the coming of Christ with His saints; with the revelation of Christ after the great tribulation (Matthew. 24:29, 30); at the close of the seventieth week of Daniel. (Revelation. 19:11-14; Daniel. 7:21, 22; Zechariah. 14:3-9).
4.Then comes the destruction of Antichrist, the binding of Satan, and the destruction of the enemies of God's people (Revelation. 19:20; 20:1-3, 10).
5.The Judgment of the Living Nations (Matthew. 25).
6.The conversion and missionary activity of the Jews (Zechariah. 8:13-23; cf. Acts 15:14-17). Then, we may have a converted world, but not now, nor in this age; This evangelistic effort concerns Israel, not the Church. The Church was gathered at the Rapture.
The Nature of the Millennium Kingdom:
1.It is a Theocracy: Jesus Christ Himself is the King (Jeremiah. 23:5; Luke 1:30-33). The Apostles will, doubtless, reign with Christ over the Jews (Isaiah. 66; Matthew. 19:28); the Church, over the Gentile nations (Luke 19:11-19; Hebrews. 2:6, 7).
2.The capitol city will be Jerusalem (Isaiah. 2:1-4). Pilgrimages will be made to the Holy City (Zechariah. 14:16). The reign of Christ will be one of righteousness and equity (Isaiah. 11:4; Psalms. 98:9).
3.A renovated earth (Romans. 8:19-31; Isaiah. 65:17; c. 35).
4.The events closing the Millennium are apostasy and rebellion (Revelation. 20:7-9); the destruction of Satan (Revelation. 20:10); the Great White Throne judgment (Revelation. 20:11-15); a new heaven and a new earth (Revelation 21 and 22).
4)FINANCIAL APOCALYPSE, THAT IS A GLOBAL CREDIT BUST AND FINANCIAL SYSTEM BREAKDOWN, IS AT HAND.
Financial Apocalypse could commence immediately on either on a US Default, or a surge of stock market short selling caused by a rise in the Interest Rate on the US Ten Year Note, $TNX, or currency traders selling any number of currencies such as the Japanese Yen, FXY, the Euro, FXE, the Canadian Dollar, FXC, the British Pound Sterling, FXB, the Swedish Krona, FXS, the Swiss Franc, FXF, the Brazilian Real, BZF, the Australian Dollar, FXA, the Indian Rupe, ICN, or Emerging Market currencies, CEW, which would cause the US Dollar, , UUP, to rise for a period of time from its greatly sold off price of 80.25. A rising US Dollar is incompatible with rising World Stocks, VT.
Under QE, the Fed bought 30 Year US Treasuries, EDV, and Zeroes, ZROZ, taking them out of the hands of private investors who looked for something else to buy, and thwarting the bond short sellers, bidding up the prices of other bonds, and driving down the Interest Rate on the US Ten Year Note, $TNX, causing the Flattner ETF, FLAT, to rise in value, and the Steepner ETF, , to fall in value.
This ETF, that is , rose in value, as the 10 30 US Sovereign Debt Yield Curve, , steepened beginning in May 2013, running through September 1, 2013, as bond vigilantes gained control of the Interest Rate on the US Ten Year Note, $TNX; but then from early September to October 4, 2013, the Steepner ETF, STPP, declined in value, as the Interest Rate on the US Ten Year Note, , fell to its October 4. 2013, rate of 2.65%.
Yes, up until May 14, 2013, investors bought other bonds; but then they sold Junk Bonds, JNK, and Ultra Junk Bonds, UJB, Mortgage Backed Bonds, MBB, International Treasury Bonds, BWX, and International Corporate Bonds, PICB.On July 14, 2013, investors reversed course once again and have been long the others, as is seen in , which reinvigorated World Stocks, VT, Emerging Market Stocks, EEM, Global Industrial Producers FXR, Asia Excluding Japan, EPP, Nation Investment EFA, Eurozone Stocks, EZU, and the Nikkei, NKY, as is seen in .The Nikkei has been falling lately on the rise of the Japanese Yen, FXY, which hurts export companies.
The world as of September 20, 2013, stood at peak prosperity, peak democratic nation sovereignty, and peak seigniorage, that is at Peak Moneyness, as is seen in the chart of World Stocks, VT, relative to Aggregate Credit, AGG,that is ; stocks are unable to leverage higher on credit.Zero Hedge writes
Liberalism's prosperity has been a terrific moral hazard based prosperity, as investors came to trust in the US Fed's policies of easing, which started when it took in Distressed Investments such as those traded by the Fidelity Mutual Fund , with the start of QE1, driving up risk assets such as Small Cap Value Stocks, RZV, Biotechnology, IBB, Resorts and Casinos, BJK, IPOS, FPX, Media, PBS, Nasdaq Internet, PNQI, Pharmaceuticals, PJP, Aerospace, PPA, Spin Offs, CSD, Leveraged Buyouts, PSP, and Solar Energy Stocks, TAN. An now, another Great Depression will take place becausethe Federal Reserve's bank bailouts and fiscal stimulus have created fingers of instability.
James A. Kostohryz writing in Seeking Alpha askedwill be bad for the general stock market and index ETFs such as SPDR S&P 500 () and SPDR Dow Jones Industrials Average (DIA). I do not agree. Anticipation of the end of QE, in the context of a tapering cycle, may trigger a garden-variety stock market correction at some point. But for reasons I will elaborate on in future articles, I believe that precisely at the point when the end of QE becomes clearly visible, the US stock market may go parabolic and enter into a bubble phase.
Mr. Kostohyryz's article proves to one gigantic strategic miss. As Jesus Christ acting in dispensation, that is in the administrative plan of God for the fulfillment of every age, Ephesians 1:10,pivoted the world from liberalism into authoritarianism on Friday September 20, 2013, as is seen the chart of World Stocks, , and the S&P, , trading lower in value.
Fiat money died Friday September 20, 2013, with World Stocks, VT, Major World Currencies, DBV, and Emerging Market Currencies, CEW, trading lower, as Jesus Christ operating in dispensation, as presented by the Apostle Paul in Ephesians 1:10, that is in administrative oversight of all things economic and political, pivoted the world out of liberalism and into authoritarianism, and as such the stock market has turned from bull to bear with the Too Big To Fail Banks,, trading lower in value, all on the No Taper Rally.
Those ETF sectors which rallied over the last year and countries which rallied, from late June 2013 to late September, 2013, seen in , will be trading ever lower from the Tuesday October 1, 2013 rally, on competitive currency devaluation and on the exhaustion of the world central banks' monetary authority, as investors come to greater realization that the US Fed's monetary policies have crossed the Rubicon of sound monetary policy, and have made "money good" investments bad.
Friday, September 20, 2013, was liberalism's day of investment instability that marked an inflection point that pivoted the world from the paradigm of liberalism into the paradigm of authoritarianism, and from a moral hazard based prosperity into a debt servitude based austerity, as the financial markets turning from risk-on to risk-off, as indicated by the Market Off ETN, , trading higher, and the stock market turned from bull to bear. Risk on investing has turned to risk off disinvestment.
Please consider Corollary #8 from the. The No Taper Rally of September 20, 2013, in World Stocks, Major World Currencies, DBV, and Emerging Market Currencies, was Liberalism's peak event, which terminated the Creature Jekyll Island and birthed the Beast Regime of Revelation 13:1-4. and which pivoted the world from a policy of investment choiceconsisting of credit schemes, such as, free trade agreements, financial deregulation, leveraged buyouts, nation investment, currency carry trade investing, securitization of debt, dollarization, financialization of stocks and ETFs, such as corporate bonds which convert into stocks, all of which created capital for corporations to operate and revenue for governments to operateto a policy of diktatconsisting of debt servitude schemes, such as, regional framework agreements, bank deposits bailins, new taxes, privatizations, capital controls, austerity measures, and statist vitalizations where banks and other corporations are given charter to operate as public private partnerships for regional economic security, regional stability and regional sustainability.
September 20, 2013, was a pivotal day in global economic history from which there is now no return, despite what credit liquidity measures any central banker might propose.
The exhaustion of the US Fed's monetary policies of easing, came as the provision of QEternity constituted a crossing of the Rubicon of sound monetary policy, and destabilized global economics pivoting the world from liberalism's banker regime of democratic nation states, into authoritarianism's Beast regime of regional governance and totalitarian collectivism, presented in Revelation 13:1-4.
Liberalism was the era of investment choice based upon credit and carry trade investing. Ireland's Bank, IRE, has been the investor's carry trade darling, In the last year, Ireland's Bank, stock market performance has soared 118%, compared to Lloyds Banking Group performance of 100%. And in the last year Ireland, , has outperformed its nation investment peers, Finland, EFNL, Netherlands, EWN, and Germany, EWG, EWGS, by a huge margin rising some 43%. While bankers dance with glee; austerity bites consumers, as Bloomberg reports .
In contrast, authoritarianism is the era of diktat based upon debt servitude, where there are no central bank monetary policies providing rewards for investment choices, only regional nannycrat policies of diktat, establishing debt servitude and totalitarian collectivism.All those living in the Euroland, will have economic experience in statist public private partnership mandates, coming largely out of Brussels and Berlin.The Irish, Greeks, Italians, and Belgians cannot be Germans, yet all will be one, living under the word, will, and way of sovereign regional technocrats.
The Yahoo Finance chart of the and the Google Finance Chart of the, and the Forex Trading chart of the, and FXStreet chart of the, show a close at 132.45 on October 3, 2013; from which a trade lower, will soon propel Eurozone Stocks,, and European Financials,, as well as World Stocks,, lower.
On Friday, October 4, 2013, currency traders took the Japanese Yen,, slightly lower to a new weekly rally high, at 100.30, its dark filled candlestick suggests that the rally in the Yen, is at its zenith. And the Euro,, even more slightly lower, to a new weekly rally high of 134.12, forcing the, to lower to close the week lower at 132.04, yet Eurozone Stocks, EZU, rose to close near their all time high. As the Euro Yen currency trade unwinds, Ireland, , and Ireland's Bank, IRE, will be leading Nation Investment, EFA, and Global Financials, IXG, lower.
While Resorts and Casinos, BJK, International Telecom, IST, IPOs, FPX, Small Cap Energy, PSCE, and Energy Production, XOP, traded to a new rally high, monetization of debt, has finally turned "money good" investments bad.Investments in Risk Assets, such as Small Cap Pure Value Stocks, RZV, has ended, as confirmed the Market Off ETN,, trading higher this month of October 2013.
The interventionist policies of the world central banks no longer provide investment stimulus as is seen in Global Industrial Producers, , trading lower. Jesus Christ acting in the Economy of God, Ephesians, 1:10, has ended the Fed; He did what Ron Paul could not do.
Yes, the Fed be dead. Charles Hugh-Smith of OfTwoMinds blog, asks in Zero Hedge, I respond, that The Fed Bubble Era is over. This is seen in the Too Big To Fail Banks,, trading lower from their rally highs. And Asset Managers such as BlackRock, BLK, and Eaton Vance, EV, that coined liberalism's wealth, are trading lower as well.Now under authoritarianism, the policies of nannycrats and technocrats, working in schemes of regional integration, will underwrite economic activity.
Debt deflation, specifically competitive currency devaluation, has commenced, terminating liberalism's fiat wealth investments in Nation Investment,, and Emerging Market Investment, .
The modern money system is broken and bust; the age of speculative leveraged investment, is done, over, and finished.Liberalism's democratic fiat money and banking system is being replaced by authoritarianism's diktat money and regional governance and totalitarian collectivism system.
The ongoing destruction of fiat money can be followed via the trade lower in Stock ETFs, seen in, and the Currency ETFs, seen in
The decline in the price of Gold, $GOLD, since late August 2013, will soon be a buying opportunity, as the Gold ETF, is in an Elliott Wave 3 Up, from its early July 2013 bottom of 117.5,. The Elliott Wave 3 Ups, are the most dramatic of all economic waves, and create the bulk of wealth gains, of all of the ascending five waves.
5)THIS WEEK'S FINANCIAL MARKET TRADING.
On Monday, October 7, 2013, Jennifer Carinci of Yahoo's Hot Stock Minute reported immediately before the market open Japan's Nikkei lost one-percent and Europe is down across the board as the world watches the stalled U.S. budget talks. Here at home futures are indicating a rough open, poised to open lower by nearly 1%.
Briefing.com reports Mr. Boehner Told ABC's George Stephanopolousthat the House does not have the votes to pass a clean continuing resolution
that the votes are not in the House to pass a clean debt limit increase; and
that the US is on a path to default because President Obama won't negotiate over the debt ceiling.
The NYT reports . And NBC News reports .
Investors fear that the US Government will not come to political terms to deal with its ongoing budget deficits, and that the US may experience a default, this being the most fearsome of all investment fears, and as a result a global financial system meltdown has commenced, as is seen in the Global Financials, IXG, trading 1.0% lower.
Risk assets traded lower: sectors trading lower included Biotechnology, IBB, Internet Retail, FDN, and Nasdaq Internet, PNQI.
The Great Bear Market commenced on the fears of a US Default, and on fears that the monetary policies of the world central banks no longer stimulates investment and have actually turned "money good" investments bad.The first investment casualties of the Great Bear Market are Biotechnology, IBB, Internet Retail, FDN, and Nasdaq Internet, PNQI.
The higher Yen, FXY, sent the Nikkei, NKY, tumbling 2.2%, making Japan the Bear Market nation loss leader; this as Bloomberg reports .
The US Dollar, $USD, UUP, traded slightly lower to close at 79.9; I believe it will be increasing in value for a while. Liberalism featured the Milton Friedman Free To Choose Banker Regime, where the coordinated central bank policies of democratic nations, such as the US, Japan, Australia, Indonesia, Thailand, India, Brazil, Singapore, and the Philippines, established Global ZIRP, assuring low interest rates, and backing for credit and carry trade investing, as the US Dollar, continually traded lower in value, and currencies floated, providing investment choices and great rewards for the savy investor.
But bond vigilantes will increasingly gain the upper hand in their war on the world central bank chiefs, calling the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.63%, and causing debt deflation, specifically competitive currency devaluation globally, as currency traders successfully sell currencies short.
Individual major world currencies such as the Australian Dollar, FXA, and the Euro, FXE, the Swiss Franc, FXF, the Swedish Krona, FXS, the British Pound Sterling, FXB, as well as Emerging Market Currencies, CEW, such as the Indian Rupe, ICN, and the Brazilian Real, BZF, are on the verge of collapsing in value, causing sovereign insolvency, banking insolvency and corporate insolvency.
Emerging Market Nations, EEM, especially those with trade deficits, such as Peru, EPU, and Chile, ECH, have seen terrific nation state investment deflation on the rise of the Interest Rate on the US Ten Year Note, ^TNX.Advisor.ca reports ."The currency war in the emerging world has gone global," says Vincent L pine, vice-president of global economic strategy at CIBC Global Asset Management. L pine co-manages the Renaissance Optimal Inflation Opportunities Portfolio. That's because countries can no longer lower their interest rates to boost growth, given rates are close to zero. Governments are also finding it challenging to use fiscal policy measures to stimulate their economies due to "lousy situations on the fiscal front," he adds. Fighting the currency war, then, is the only option left, says L pine. Countries don't want to be the "one stuck with the strongest currency. Eventually, that will affect [their] competitiveness."And GATA reports .
Authoritarianism features the Beast Regime, where leaders will meet in summits and workgroups to waive national sovereignty and establish pool sovereignty regionally, as the The First Horseman of the Apocalypse, that is the Rider on the White Horse, who carries the bow yet without any arrows, Revelation 6:1-2, is effecting coup d'etat globally to transfer the baton of sovereignty, from democratic nation states to nannycrats, as they rise to rule in regional governance and totalitarian collectivism.
Thus, leaders from each of mankind's seven institutions, these being 1) Education, 2) Banking, Finance, Commerce and Trade, 3) Body Politic, 4) Military, 5) Religion, 6) Media, 7) Science and Technology, will increasingly be working in statist public private partnerships for regional integration, as they oversee the factors of production to manage regional commerce and trade, to establish regional security, stability and sustainability.
Lisa Abramowicz of Bloomberg reportsHedge funds have amassed the greatest share of the $1.2 trillion U.S. junk-bond market since the credit crisis, raising concern bets with borrowed cash will accelerate losses when the Federal Reserve stops printing record amounts of money. The funds, which typically use leverage to bolster returns, hold as much as 23% of outstanding dollar-denominated high-yield bonds, from as much as 18% last year and the highest since 2008, according to Barclays. Credit hedge funds have boosted assets by 89% since 2008, outpacing the 66% growth of the junk market, data from Hedge Fund Research and BoA indexes show.
The 0.04% trade lower in iShares Floating Rate Bond, , communicates the failure of liberalism's credit. This investment is a short term bond ETF which corresponds generally to the Barclays US Floating Rate Note, and yields 0.65%, and represents risk free capital investment. Under liberalism's central bank monetary policies of credit liquidity, it has risen in value from 48.50 in December 2011, to 50.67 on October 7, 2013. Short term bond ETFs, like FLOT, are considered an ultra-safe bond investment, and some have argued that they can act as a cash alternative or money market substitute. The trade lower in FLOT communicates that interest rate risk cannot be managed.Not only are currencies, such as the Emerging Market Currencies, CEW, failing, but now credit has failed. Another word for credit is trust.Investors can no longer trust the monetary policies of Ben Bernanke, Mario
As interest rate risk rises, the Steepner ETF, , will once again rise in value. It rose in value, as the 10 30 US Sovereign Debt Yield Curve, , steepened beginning in May 2013, running through September 1, 2013, as bond vigilantes gained control of the Interest Rate on the US Ten Year Note, $TNX, causing a steepening of the 10 30 US Sovereign Debt Yield Curve, that is $TNX:$TYX. But then from early September to October 4, 2013, the Steepner ETF, STPP, declined in value, as the Interest Rate on the US Ten Year Note, , fell to its October 4. 2013, rate of 2.65%; and then on October 7, 2013, the Steepner ETF, , took a real hit, trading lower, in strong volume, to close at 39.30. The rise in the Steepner ETF, reflecting a steepening yield curve, will be a marker, that is a defining indicator, of the sea-saw destruction of money. Whatever one considers money to be, it is no more as fears arise that current sovereigns are unable to govern.
"Taper gone bad", is the genesis of the see-saw destruction of fiat wealth that commenced October 1, 2013, and recommenced October 7, 2013.Major World Currencies, the Japanese Yen, FXY, the Euro, FXE, the Canadian Dollar, FXC, the British Pound Sterling, FXB, the Swedish Krona, FXS, the Swiss Franc, FXF, and the Australian Dollar, FXA,as well as Emerging Market Currencies, CEW, such as the Brazilian Real, BZF, and the Indian Rupe, ICN, as well as Stocks, DBV, and Bonds, BND, are all falling into the Pit of Financial Abandon, as investors find that liberalism's sovereigns, these being the leveraged speculative investment community, consisting of the Too Big To Fail Banks, Regional Banks, KRE, Investment Banker, KCE, and Stockbrokers, IAI, ar no longer able to leverage fiat money higher over debt; this being seen in the chart of World Stocks, VT, relative to Aggregate Credit, AGG.. trading lower in value.
Out of a soon coming Financial Armageddon, that is a credit bust and financial system breakdown, authoritarianism's new sovereigns, that being regional nannycrats, as well as Europe's Sovereign, described in Revelation 13:5-10, and his partner, the Eurozone's Seignior, Revelation 13:11-18, will rise to power, totally establishing diktat money, which replaces fiat money.
Diktat money is defined as the compliance required, as well as the trust that is engendered, the debt servitude that is enforced, and the austerity schemes that are experienced, such as heavy losses on large bank deposits via bailins, levying additional taxes, privatizations, capital controls, import curbs of branded items, , sale of a country's central bank's gold reserves, fiscal councils, such as those reported on by the IMF, and, and statist public private partnerships, which oversee regional economic commerce, trade, and the factors of production, as well as in the Eurozone, a fiscal union, where sovereign regional leaders, as well as sovereign regional sovereign bodies, such as the ECB, invoke mandates for regional security, stability, and sustainability.
These leaders, that is nannycrats include, Jeroen Dijsselbloem, President of the Eurogroup meeting of euro-zone finance ministers, Olli Rehn, Vice President of the European Commission responsible for economic and monetary affairs, Michel Barnier, EU Commissioner responsible for internal market and services, Klaus Regling, Managing Director of the European Stability Mechanism, Werner Hoyer, President of the European Investment Bank, who in the WSJ, as well as Jorg Asmussen, Member of Executive Board of the ECB, Viviane Reding, European Commissioner for Justice, Fundamental Rights and Citizenship.
And diktat money is seen in countries with high current account deficit, such as in India, where import duties have been declared on the import of gold, and the import of gold coins banned; and such as in Indonesia, where curbs are placed on the import of luxury cars and some branded goods.
God has always provided empires for governance; the most recent ones have been liberalism's, British Empire and the US Dollar Hegemonic Empire. But these are being swept into the dustbin of history, as Jesus Christ is operating in Dispensation, that is in the administrative oversight of all things economic and political, Ephesians 1:10, introducing authoritarianism's Beast Regime of regional governance and totalitarian collectivism, which is the same empire of the Ten Toed Kingdom, presented in Daniel's Statue of Empires, 2:25-45, with its toes being a miry mixture of clay democracy and iron diktat.
Ambrose Evans Pritchard of The Telegraph writes
An inquiring mind asks, how much longer will money market accounts be a safe haven investment, that is, how much longer will they keep their constant one dollar value with a rising Ten Year Interest Rate, ^TNX?
Ludwig von Mises Institute posts
Bloomberg reports . The London Metal Exchange's plan to ease congestion at warehouses storing near-record amounts of aluminum will accelerate deliveries and reduce premiums paid for supply, at a time when prices are already near a four-year low.The Yahoo Finance Chart of Aluminum,, shows it to be a commodity loss leader.
Bloomberg reports Biggest Pension Fund at Risk Holding 60% in Japanese Debt. Japan's Government Pension Investment Fund, , isn't ready for Abenomics, according to the head of an expert panel advising on public investments. The set of policies from Prime Minister Shinzo Abe aims to defeat 15 years of deflation and spur growth by using the "three arrows" of fiscal stimulus, monetary easing and business deregulation. GPIF needs to reduce the risk of losses on its bond holdings should interest rates start to rise as the economy improves, said Takatoshi Ito.
"The majority of the panel thinks the GPIF is exposed to too much interest-rate risk," Ito said in an Oct. 4 interview. "If they're really aware of interest-rate risk, why are 60 percent of the assets in domestic bonds?" An interim report from the panel on September 26, 2013, showed some members wanted the 121 trillion yen ($1.25 trillion) GPIF to add new assets such as real-estate trusts, infrastructure and private-equity investments and commodities. The group will meet two to four more times before issuing its final report next month, Ito said.
The ministry is likely aligned with Abe who "is keen to reallocate resources both to contribute to the sustainability of social welfare and to support market and corporate sentiment," Aoki wrote in an Oct. 7 report. The Topix, has surged 33 percent this year. The nation's sovereign bonds handed investors a 2.2 percent return in the same period, according to an index compiled by Bloomberg. Japan's 10-year bond rose one basis point to 0.65 percent as of 1:05 p.m. in Tokyo after reaching 0.625 percent Oct. 4, a level not seen since May 10.
Energy Post writes in OilPrice.com
Mike Mish Shedlock writes . Coburn selected cases at random and found 25% of the cases were fraudulent and another 20% were "highly questionable". The "system is being gamed pretty big right now", said Coburn. "You need look no further than disability lawyers trolling for new clients."
Jaso Ditz of Antiwar reports
Michael Krieger of Liberty Blitzkrieg blog, writes in Zero Hedge, . In the economically depressed border area of Kentucky and West Virginia we find 10% to15% of the population on disability, or three times the national average. Senator Coburn says disability payments are now propping up the economy in some of the poorest regions in the country. Which is why he sent his investigators to the border area of Kentucky and West Virginia. More than a quarter of a million people in this area are on disability with10 to 15 percent of the population, about three times the national average. Jennifer Griffith and Sarah Carver processed disability claims at the Social Security regional office in Huntington, West Virginia
Here, in Bellingham, WA, the City of Subdued Excitement, just south of the Canadian Border, and just north of Seattle, a cottage industry of disability lawyers has sprung up surrounding the local mission, located at Holly and F; the use of which is necessary to obtain SSI/SSD.
And there are a large number of social service counselors who encourage that one obtain a psych eval from Washington State DSHS, located at Guide Meridian and Bakerview, which entails that one go see a shrink for diagnosis of mental illness, such as narcism, bipolar disorder, anxiety, antisocial disorder, ADHD, or depression, as well as to go see a physician for diagnosis of fibromyalgia, hepatitis or chronic pain, as any of these conditions, are legal reasons for making the case, that one is unable to work. All veterans claiming PTSD are guaranteed a disability award.
Once one has been awarded SSI/SSD, one can then "live free".I know many individuals who are psychopaths; these mean and crazy individuals, have obtained SSI/SSD for their busybodyness; and now, most keep to themselves, except for a few who go on to be real hooligans, engaging other in all kinds of mischievous behavior, all at taxpayer expense.
Liberalism was an age of clientelism, providing millions of supposedly disabled individuals with transfer payments. The truth is that many choose not to work, and thus probably 50% of disability claims are fraudulent. The amount of assistance is equivalent to working at minimum wage which is $1,400 a month, (8 hours a day at $8/hour for 22 days a month).SSI/SSD assistance consists of $730 in Disability, $170 in SNAP Food Stamps, $500 in Section 8 Housing Voucher Assistance, and then there is Medicaid as well, for physician visits, psychiatric care, dermatology and other specialty care, prescriptions, hospitalization, benefits, valued at $400, for a total welfare dole of $1,800 monthly.
On Tuesday, October 8, 2013, the beginning of the extinguishment of Nation Investment, EFA, started to destabilize liberalism's nation state sovereignty, and its banker seigniorage, on investor's fears of a US Default.
The new economic and political paradigm of authoritarianism, will rise out ofsovereign insolvency and banking insolvency, as foretold in Revelation 13:3-4, that being a Minsky Moment, where regional nannycrats will be appointed sovereign, and provide public private partnership seigniorage, as they issue diktat for regional security, stability, and sustainability.
Liberalism was characterized by trust in bankers, stock brokers, and asset managers, to the point of being insestious, through US Fed and other world central bank monetary policies such as POMO.But authoritarianism will be characterized by trust in the word, will and way of the regional nannycrats; so much so that the Apostle Paul wrote in Revelation 13:3-4, that
Nation Investment, EFA, traded lower 0.6% lower on fears of US Default, and on awareness that the US Fed's monetary policies no longer stimulate global growth and trade, and have actually turned" money good" investments bad.
Fiat money died Friday September 20, 2013, when World Stocks, VT, Major World Currencies, DBV, and Emerging Market Currencies, CEW, traded lower, terminating the sovereignty of democratic nation states and terminating the seigniorage of the world central banks. Confirmation of such is seen in the Too Big To Fail Banks, , and Regional Banks, KRE, trading lower in value, the Market Off ETN,, rising in value.
Competitive currency devaluation has commenced on the exhaustion of the world central banks' monetary authority, as investors are coming to realize that the US Fed's monetary policies have crossed the Rubicon of sound monetary policy, and have made "money good" investments bad.
On Wednesday, October 9, 2013, World Stocks, VT, and Nation Investment, EFA, traded slightly higher on hopes for resolution of the fiscal impasse;and gold turned down, just as it appeart to breaking out.
The WSJ reports .As the fastest growing part of China's financial sector, shadow banking is no longer the sideshow it was five years ago. The sector grew from almost nothing a few years ago to the equivalent of 40% of gross domestic product at the end of 2012, the Chinese Academy of Social Sciences said.
Please consider that under liberalism, the liquidity effect of the world central banks' monetary policies, in particular the Federal Reserve, established global ZIRP, flooded the world with credit and stimulated currency carry trade investing, in particular the EURJPY and the AUDJPY, which created a crack up boom in the value of Risk Assets, such as Biotechnology, IBB, Solar, TAN, IPOs, FPX, Media, PBS, Leveraged Buyouts, PSP, Pharmaceuticals, PJP, Small Cap Pure Value, RZV, Aerospace, PPA, Resorts and Casinos, BJK, as is seen their .
But on September 20, 2013, that speculative leveraged investment bubble burst, as is seen in World Stocks, , trading lower, on fears that the world's central banks monetary policies have crossed the Rubicon of sound monetary policy, and have turned "money good" investments bad.
Earlier on May 21, 2013, the First Horseman of the Apocalypse, the Rider on the White Horse, seen in Revelation 6:1-2, enabled the bond vigilantes to call the Interest Rate on the US Note, ^TNX, higher to 2.1%, destroying Aggregate Credit, AGG, and creating debt deflation, that iscompetitive currency devaluation, turning Major World Currencies, DBV, and Emerging Market Currencies, CEW. lower.
The world central bankers, no longer have tight control over interest rates, and The Great Bear Market commenced on fears of a US Default as well as on fears that the monetary policies of the world central banks no longer stimulate global growth and trade and corporate profitability, and have actually turned "money good" investments bad.
With the transition from bull to bear market on September 20, 2013, as is seen in the Market Off ETN, , rising in value as Jesus Christ is acting in Dispensation, that is in oversight of all things economic and political, as presented by the Apostle Paul in Ephesians, 1:10, having pivoted the world from liberalism to authoritarianism.
The Fed plans for QETernity. David Malpass of the WSJ reports . A staggering $250 billion per month, 80% of spending, runs on autopilot without congressional control. At its core, the shutdown is part of a much bigger battle to restrain the federal government. It is spending $3.6 trillion per year without a budget, and its expenditures are expected to increase rapidly in the years ahead. Meanwhile, the government has piled up $17 trillion in debt and $60 trillion more in unfunded spending promises. The Federal Reserve will borrow $1.1 trillion in 2013 alone to buy bonds and it reserves the right to borrow unlimited amounts for future bond purchases without congressional or presidential permission.
Through anticipation of ongoing monetary intervention by the US Fed, the see-saw destruction of fiat wealth that commenced October 1, 2013, and intensified October 7, 2013, will become more vigorous, as bond vigilantes call the Interest Rate on US Ten Year Note, ^TNX, higher from 2.65%, and as currency traders sell the EURJPY, the AUDJPY, and Major World Currencies such as the Canadian Dollar, FXC, the British Pound Sterling, FXB, the Swedish Krona, FXS, the Swiss Franc, FXF, and Emerging Market Currencies, CEW, such as the Indian Rupe, ICN, and the Brazilian Real, BZF.
Out of a soon coming Financial Apocalypse, that is a global credit bust and financial system breakdown, as foretold in Revelation 13:3-4, and more specifically out of sovereign insolvency and banking insolvency of the periphery and southern European periphery nations of Portugal, Italy, EWI, Ireland, EIRL, Greece, GREK, and Spain, EWP, that is the so called PIIGS, the Beast Regime of regional governance and totalitarian collectivism, presented in Revelation 13:1-4, will rise to rule, in all of the world's ten regions, and occupy in all of mankind's seven institutions.
Under authoritarianism, physical possession of gold bullion and silver bullion will be the only means of financial wealth preservation and growth.
On Thursday, October 10, 2013,World Stocks, VT, Nation Investment, EFA,and Global Industrial Producer, FXR, rose, as President Obama announced dovish banking insider Janet Yellen as his choice for Federal Reserve Chair, and as lawmakers moved toward an agreement to increase the debt ceiling and avoid a default, causing risk assets and financial stocks to rise strongly.
The yield curve is now steepening as the Fed did not taper, and will not taper. The Interest Rate on the US Ten Year Government Bond, ^TNX, rose to 2.68%, and the Steepner ETF, , rose strongly as the 10 30 US Sovereign Debt Yield Curve, $TNX:$TYX, steepened. A steepening yield curve suggests that bond vigilantes are once again obtaining a strong hold over interest rates, in their war on the world central banks; and that they are once again calling US Government Bonds, , lower, on the monetization of debt by the US Federal Reserve.The Steepner ETF, is a great ETF for rising rates.
Junk Bonds, JNK, rose taking Aggregate Credit, AGG, higher.Gold turned strongly lower to close at$1,272.
Currency traders, sold the Japanese Yen, FXY, causing the chart of to rally strongly to 132.86, and the chart of to rally strongly to 92.02. Of note, the Chinese Yuan,, rose strongly to a new rally high. CNBC writes .
Ambrose Evans Pritchard wrote Rejoice: The Yellen Fed Will Print Money Forever to Create Jobs."
The October 10, 2013, rally in stocks on the announcement of Janet Yellen as Obama's choice for Federal Reserve Chairperson, and on hopes of an accord to avoid US Default, presented the short selling opportunity of a lifetime, as in a bull market, one buys in dips, and in a bear market, one sells into pips. The Great Bear Market commenced on September 20, 2013, as evidenced in the Market Off ETN, , rising in value.
One could sell short the 40 ETFs/ETNs, XIV, FDN, CARZ, PBS, IBB, RZV, PSCI, FPX, IAI, XTN, SMH, XRT, PJP, PSP, TAN, RXI, FLM, PNQI, WOOD, EUFN, RWW, FXR, BJK, IST, SLX, PPA, ENZL, EIRL, GREK, EWY, EWP, YAO, TUR, ARGT, EPHE, SCIN, THD, EGPT, EWZS, UJB, seen in , for great future reward as these are high beta risk averse ETFs.
And one could use the 8 ETFs/ETNs, OFF, STPP, UUP, XVZ, GLD, FSG, JGBS, YCS, seen in, what I term the market vane ETFs, as the basis for one's margin account, as these will increase in value with rapidly growing financial instability, as carry trades unwind, and as the Interest Rate on the US Ten Year Note, ^TNX, rises.
Benson te writes Assembled in the US, much of what makes up the Boeing's Dreamliner has been sourced overseas.I comment that although sourced overseas, Boeing still does employ many here in Washington State. The freeways, that is expressways, are clogged with its workers. And then, after working for Boeing, they often retire in sunnier climates like Hawaii, or retire in nearby areas like Bellingham, where I live, driving up the prices of real estate. Boeing exemplifies the "best practices" of capitalism, is an economic success story, is a leading Global Industrial Producer, FXR, is a leading Defense and Aerospace Producer, PPA, and has been an investor's darling, as is seen in its . Boeing,, rose 3.8% on the October 10, 2013, Yellen Rally, compared to the 2.1% for the Sa Long Term Debt to Equity Ratio of 1.3%. In liberalism's final Global ZIRP credit rally, investors pursued debt laden companies, like Boeing, as they chased yield.
Ed Yardeni posts. The OECD Leading Composite Index for Europe is confirming the region's recovery. It is up for the past 11 consecutive months to August's 100.5, the highest reading since July 2011. Leading the way up have bee