NEW SITE (WHERE GOOGLE CANNOT TOUCH US, MAKE SURE TO SAVE THE LINK), do not bother posting comments on THIS SITE, you are shadow banned, we never receive them.
All Articles Now Being Posted at Backup Site, posting on both sites for now, long as it lasts:

God's Vengeance Is HERE:
Revelations 18:8
"Therefore her plagues will come in one day -- death and mourning and famine. And she will be utterly burned with fire, for strong is the Lord God who judges her."  Her = [Crime Syndicate, Roman Church, World Religions Infiltrated Enslaving Masses by Toppling Nations, Enslaving Each Nation with Federal Corporations, Enslaving the Populace of Earth]

The Destroyer, The Messiah, IS HERE:

The Messiah, The Son of Man, Returned, To Die Again For Your Salvation  -  GOD WILL FAVOR THOSE WHO SPREAD THE WORD OF GOD - LET ALL THE SAINTS RECEIVE THIS MESSAGE, SO BE IT, AMEN.Here is link, just in case:

Son of Man, Messiah returned, Goes To Elections Office to Run for Public Office, Since There Are No "Public Officials" Holding Office in America, they are all PRIVATE, taxation without representation, everything, with NO REPRESENTATION!!! (Explanation & Audio) 
The day before, the head official offered me a bribe to cease my efforts, a full time JUDGESHIP, the second trip, the second in command agreed with me (on audio) that enslavement by billions of statutes is not; peace, love, and freedom:

Obama created ISIS, Stuffed Heroine in dead U.S. Soldiers:

PRESIDENT OBAMA ADMITS HE IS A MANCHURIAN CANDIDATE and that he was a puppet for a crime syndicate that used OBAMA's position to create ISIS by providing ISIS with troops, money, weapons, and OBAMA also gave ISIS detailed locations of our Military Units so that post autopsy OBAMA could have our dead boys and girls at arms be stuff full of HEROIN to bring back to AMERICA to genocide Americans.

THE VIDEO BELOW IS DAMMING, witness Barak Obama admitting IN A SPEECH IN FRONT OF MANY PEOPLE that he is not an U.S. citizen, was not born in Hawaii, and that he was born in Kenya, a speech he gave right around the time he was senator.  I hope you are aware that our founding documents provided by our founding American forefathers declared that NO FOREIGN CITIZEN IS PERMITTED TO RUN FOR THE OFFICE OF THE PRESIDENT, which also proves that the U.S. is not the Republic, as the U.S. is just a foreign owned contractor, the type you'd hire to clean your gutters, but whom don't speak english. SO HERE IS THE PROOF THAT OBAMA WAS A MANCHURIAN CANDIDATE, AND THAT HE MURDERED MILLIONS OF CHRISTIANS BY CREATING AND ARMING ISIS, SO THAT HEROIN COULD BE IMPORTED INTO AMERICA TO MURDER ITS PEOPLE, and Trump proved in just ONE YEAR that ISIS could be destroyed, while OBAMA did not even attempt to thwart them for 8 years, and instead CREATED ISIS AND KEPT THEM STRONG, THIS IS THE WAY OF THE CRIME SYNDICATE, POWER THROUGH MURDER, TIME TO TAKE THEM DOWN!
If you already saw Obama's Speech, this is just a repost.

Google (Blogger's) Most Hated Videos (They Delete, We Fix)


America's Republic, mistakenly hired a British Corporation to provide very limited services, the "Hired Help = "United States Inc," whom then breached the contractual agreement, through "Gross Breach of Service Terms & Conditions, when they chose to; murder, extort, and bribe their way into total power, by mothballing the Republic, "the United States of America," and by mothballing its Public Offices, and its "Common Law" Courts of Justice.

PROOF = America Enslaved - OATHS of OFFICE:
America's Oath's Swapped Out For FAKE Oaths to a foreign, 
British-Owned Corporation
Enslavement by the Legal Law Dictionary
"The Devil's forked tongue," called = LEGALESE:
Here's THE EXPANDED VERSION with AMAZING PROOF, but you need to be RED-PILLED already for this version 

Proof of Treason, Bills @  FAKE CON-GRESS
ACTUAL PROOF from the foreign owned "U.S. Congress that the IRS/Federal Reserve are IN FACT, FRAUDS.  As well as PROOF our nation was invaded, genocided, and ENSLAVED long ago.  500 Million murdered in last 100 years, OVER a BILLION murdered, since the CIVIL WAR, an intentional EVIL PLOT TO STEAL AMERICA.  The plundering and raping is STILL IN PROGRESS.  Help us STOP IT, educate yourselves and march with the REAL ARMY OF ANGELS to FREE Earth from Slavery, not Liberate, we shall not accept liberty (SLAVERY) anymore, ONLY FREEDOM.

Corporate Initiatives/Directives up for future corporate officer deliberation/voting for the foreign owned "United States Inc" for profit & foreign domiciled corporation are proposed corporate bills on the floor of FAKE U.S. CONGRESS to (google swapped out are links with false ones, i just corrected it, the below links now go where they are supposed to).  GOOGLE & HOUSE CONTROLLED DEMOCRATS are colluding to HIDE, and OBFUSCATE these FAKE BILLS at FAKE CON-GRESS (A CON which is an eGRESS away from Freedom) and these RICO CONSPIRATORS are changing the links on our site, and creating even MORE FAKE CONGRESS BILLS which have the SAME NAME, but DIFFERENT CONTENT, LACKING THE JUICY STUFF.  
SO, Here is a backup link to screenshots on our site if Google (Blogger) changes our links again. 

House Resolution 25:
Abolishes the IRS - (Fair Tax Act 2019)
Another SWAPSIES, now that the IRS is EXPOSED as a FRAUD, they are going to pull another HEIST (look closely at the highlighted portions, then go read the bill, it admits to the IRS FRAUD, but then PULLS ANOTHER FRAUD.
Here is the "Current Location (for the moment)" of the above BILL
Here is another version of the above (this is a hoodwink):
Here is the FAKE Bill that Google and Democrats are RICO Conspiring to dupe to the public:
Here is another fake one:
Here is another link to the these BILL screenshots in case something happens:

Google Owned Blogger Swapped Out Our Links on Congress House Resolution(s) 24, 25, 193, 204 - These links are now fixed. - Here are pictures posted of each bill for posterity, should Google (Blogger) attack again

House Resolution 24:
Audit the Federal Reserve
House Resolution 204:
Sovereignty Restoration Act of 2019 (REALLY IMPORTANT)
Restores Sovereignty = America on Life Support
WHY would we need to restore our sovereignty?  Hmmm... Enslaved?
Changes ownership of United States Inc away from parent corporation, United Nations Inc, to an unknown domestically domiciled owner somewhere here in the U.S.  "Bad to Worse & Still Enslaved by a FAKE Federal Corporation!"
This bill can never work, it plays within the corporation, "United States Inc," and THE CORPORATION IS THE PROBLEM, and NOT A SOLUTION. The ONLY SOLUTION, is to burn down this Crime Syndicate and to revive the Republic, each nation on earth has been enslaved THE SAME WAY, JUST SLIGHTLY DIFFERENT, and the real reason Qanon/Trump had this legislation proposed inside of the foreign owned corporation "United States Inc," was to inform, you and I, of what WE must immediately do!  
RESTORE the REPUBLIC'S SOVEREIGNTY & STRENGTH by RESTORING the LAWFUL COURTS of JUSTICE, through the JURAL ASSEMBLIES, thus restoring, the only Lawful Courts of Justice giving us Real TRUE PUBLIC OFFICES, then we VOID THE CONTRACT that hired the HIRED HELP, contractor, "United States Inc." = BYE BYE!

Google and Congress DEMS are now colluding, creating fake pages with the SAME above Bill Names (H.R. #'s), BUT are void of content, they actually switched the above BILL into something having to do with GMO Salmon Labeling!, but fear not, because the real pages exist, have not been removed, YET!)
Here is the same Bill # but as GMO Salmon Labeling, instead of above Congress Bill (content swapsies):  
Here is the another FAKE CONGRESS, FAKE BILL (This is what these criminals do, the U.S. gov is nothing more than a murdering crook with a gun pointed to the back of your head, time to turn it around on them:

Google Owned Blogger Swapped Out Our Links on Congress House Resolution(s) 24, 25, 193, 204 - These links are now fixed. - Here are pictures posted of each bill for posterity, should Google (Blogger) attack again

House Resolution 193:
Sovereignty Restoration Act of 2017.
WHY would we need to restore our sovereignty?  Hmmm... Enslaved?
Changes ownership of United States Inc, away from parent corporation, "United Nations Inc," to an unknown domestically domiciled owner, somewhere in the U.S. (I did not say America), nor do "they."
"Bad to Worse & Still Enslaved by a FAKE Federal Corporation!"
Here is "Current Location (for the moment)" for the above FAKE CONGRESS Correct BILL:
Here is another one similar:
Here is YET ANOTHER one similar:

A fraudulent service contract executed in secret, just like all service contracts for ALL the Federal Corporations enslaving each of the nations of Earth.  America's enslavement began when a Service Contract was put in place, when Criminal Treasonous Agents for the Republic hired a foreign British owned corporation, "United States Inc" to provide limited government services (international trade only), and then the, foreign-owned, "United States Inc," quietly mothballed the Republic by unprecedented Covert Criminal Means, Much Bloodshed, Theft, Conspiracy, Blackmail, Bribery, Assassination, Suffering, Rape, Murder & Genocide.  Fraud cancels all contracts, even the most Divine & Spiritual of Contracts are voided under conditions of fraud.

1871 Service Contract (Hired a foreign contractor = U.S.)
  We The People, Assembled, Do Hereby Redress Grievances, & Do Declare:
 Gross Breaches of Contract, Renders Contract(s) Null & Void, for all Contracts, known and unknown, which hired the foreign-British-owned corporation, "United States Inc."  You too can void your nation's Federal Corporation, Fraud and Copyright infringement void all contracts, no matter how sacred.
"An Act To Provide A Government for the District of Columbia," enacted by the 41st Congress, Session III, Chapter 62, 1871.
(Document found at the Library of Congress, go read Sec. 17)

Form Your Jural Assemblies, go to:
(Follow in the footsteps of the American Forefathers, an opportunity to be a hero, to change your future, and the future of every child's tomorrow)
Follow "The Handbook" as provided by the Michigan General Jural Assembly.
(Witness a short business meeting, see how it is done.  Roll call, Old business, New business, voting on issues, then "THE CALL" opens up into an open forum to ask as many questions, "ABOUT HOW TO OPERATE A JURAL ASSEMBLY," ask as many questions about that topic as you have!!!
Follow, "The Handbook," all other handbooks are frauds, designed to do you harm.
Anna Von Reitz = Leading you into Captivity, thus you shall witness her go into captivity, as it is foretold in the Holy Bible.

Who has the 'real control?   

ANSWER = We The People,
We did not rightfully delegate authority to any slave master, foreign owned corporation, and if we did, we were not properly informed, which violates the requirements of fiduciary responsibility.

The Crime Syndicate attempted to create a one world government, by toppling every nation, replacing each nation with a "Contract Corporation," aka "A Federal Corporation," "One Ring To Rule Them All and In The Darkness Bind Them."  But God, the ONE, Infinite Creator, has usurped this evil plan of Global Slavery, and transformed it through the Pure Love, thus declaring that ALL SHALL BE FREE, with love, peace, abundance, and protection for ALL God's Children, "The Meek Shall Inherit The Earth."  But you all must fight for it if it is first withheld.

You were not made in the image of your creator, you are made by The ONE, of The ONE, and you are part of The ONE, just as Jesus said he was ONE with his father/mother God, you are ONE with the ONE, each of you has the Almighty Creator inside of you, always, and each of you was sovereign in your own Infinite Creator bestowed right, since the moment you were conceived by your parents and by the Creator.  You can free of slavery & suffering, but you must fight for it, how could you truly appreciate it if you did not fight for it.

But that freedom comes at a cost, as the Tree of Freedom must drink from the cup of sacrifice and of the blood of patriots.

Read About How GOD Usurped A Pure Evil Genocidal Plot To Create A One World Government & Replaced it with Pure Love (click link below):

Ask yourself:
WHY are there no other talking faces in the alternative media talking about the; Invasion, Occupation, & Enslavement of AMERICA, as well as every other Nation on Earth having been, TOPPLED, the lawful governance of every nation stolen, replaced with a Federal Corporation to enslave every nation, with trillions of statutes.  Why are none of the talking faces pointing to Nesara News, where we have compiled historical documents PROVING ENSLAVEMENT ???
We, The Saints, persecuted and murdered at the hands of ROME, have returned, all at once, WE ARE HERE, NOW, and "WE ARE MARCHING IN. We shall not waver, we shall not tarry, we are here to free every man, women, child, spirt, and being from bondage.  EVERY ONE OF THEM, regardless of whom you perceive as good or bad, this matters to us not, all are of source, all are made of the ONE, Infinite Creator, and all shall be ONE, with the ONE.

If you are looking for information recently on the Header at Nesara News
(click link)


(below) The Crime Syndicate ENSLAVES HUMANITY by PERVERTING, the word, "Homo Sapiens," through a definition making it equal to animals of lesser intellect = "Neanderthal," "Human Evolution (not yet evolved)," "Cro Magnon," "Evolution of Man," = SLAVES.  Every word like; man; woman; human; person; etc..etc.. are all fraudulently defined as; feudal serfs, feudal tenants, or corporations, or cave man (Ward of the State=Not Capable of managing one's own affairs, thus a corporation must be created in probate court to manage the Ward's affairs).  Legalese = Satan's forked tongue = ENSLAVEMENT!!!!!!!

Saturday, September 5, 2015

The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play

The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play

It's all downhill from here

The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play
by Zero Hedge | September 5, 2015 

The most important piece of news announced today was also, as usually happens, the most underreported: it had nothing to do with US jobs, with the Fed’s hiking intentions, with China, or even the ongoing “1998-style” carnage in emerging markets. Instead, it was the admission by ECB governing council member Ewald Nowotny that what we said about the ECB hitting a supply brick wall, was right. Specifically, earlier today Bloomberg quoted the Austrian central banker that the ECB asset-backed securities purchasing program “hasn’t been as successful as we’d hoped.“
Why? “It’s simply because they are running out. There are simply too few of these structured products out there.”
So six months later, the ECB begrudgingly admitted what we said in March 2015, in “A Complete Preview Of Q€ — And Why It Will Fail“, was correct. Namely this:
… the ECB is monetizing over half of gross issuance (and more than twice net issuance) and a cool 12% of eurozone GDP. The latter figure there could easily rise if GDP contracts and Q€ is expanded, a scenario which should certainly not be ruled out given Europe’s fragile economic situation and expectations for the ECB to remain accommodative for the foreseeable future. In fact, the market is already talking about the likelihood that the program will be expanded/extended.
… while we hate to beat a dead horse, the sheer lunacy of a bond buying program that is only constrained by the fact that there simply aren’t enough bonds to buy, cannot possibly be overstated. 
Among the program’s many inherent absurdities are the glaring disparity between the size of the program and the amount of net euro fixed income issuance and the more nuanced fact that the effects of previous ECB easing efforts virtually ensure that Q€ cannot succeed. 
(Actually, we said all of the above first all the way back in 2012, but that’s irrelevant.)
So aside from the ECB officially admitting that it has become supply*constrained even with security prices at near all time highs, why is this so critical?
Readers will recall that just yesterday we explained why “Suddenly The Bank Of Japan Has An Unexpected Problem On Its Hands” in which we quoted BofA a rates strategist who said that “now that GPIF’s selling has finished, the focus will be on who else is going to sell. Unless Japan Post Bank sells JGBs, the BOJ won’t be able to continue its monetary stimulus operations.
We also said this:
“in 6-9 months, following the next major market swoon when everyone is demanding more action from the BOJ, “suddenly” pundits will have discovered the biggest glitch in the ongoing QE monetization regime, namely that the BOJ simply can not continue its current QE program, let along boost QE as many are increasingly demanding, unless it finds willing sellers, and having already bought everything the single biggest holder of JGBs, the GPIF, had to sell, the BOJ will next shakedown the Post Bank, whose sales of JPY45 trillion in JGBs are critical to keep Japan’s QQE going.
The sale of that amount, however, by the second largest holder of JGBs, will only last the BOJ for the next 3 months. What next? Which other pension fund will have the massive holdings required to keep the BOJ’s going not only in 2016 but also 2017 and onward. The answer: less and less.
Once again to be accurate, the first time we warned about the biggest nightmare on deck for the BOJ (and ECB, and Fed, and every other monetizing central bank) was back in October 2014, when we cautioned that the biggest rish was a lack of monetizable supply.
We cited Takuji Okubo, chief economist at Japan Macro Advisors in Tokyo, who said that at the scale of its current debt monetization, the BOJ could end up owning half of the JGB market by as early as in 2018. He added that “The BOJ is basically declaring that Japan will need to fix its long-term problems by 2018, or risk becoming a failed nation.”

This was our summary:
The BOJ will not boost QE, and if anything will have no choice but to start tapering it down – just like the Fed did when its interventions created the current illiquidity in the US govt market – especially since liquidity in the Japanese government market is now non-existant and getting worse by the day. All that would take for a massive VaR shock scenario to play out in Japan is one exogenous JGB event for the market to realize just how little actual natural buyers and sellers exist.
That said, our conclusion, which was not to “expect the media to grasp the profound implications of this analysis not only for the BOJ but for all other central banks: we expect this to be summer of 2016’s business” may have been a tad premature.
The reason: overnight the IMF released a working paper written by Serkan Arslanalp and Dennis Botman (which was originally authored in August), which confirmed everything we said yesterday… and then some.
Here is Bloomberg’s summary of the paper:
The Bank of Japan may need to reduce the pace of its bond purchases in a few years due to a shortage of sellers, said economists at the International Monetary Fund.
There is likely to be a “minimum” level of demand for Japanese government bonds from banks, pension funds, and insurance companies due to collateral needs, asset allocation targets, and asset-liability management requirements, said IMF economists Serkan Arslanalp and Dennis Botman.
Here are the excerpts from the paper:
We construct a realistic rebalancing scenario, which suggests that the BoJ may need to taper its JGB purchases in 2017 or 2018, given collateral needs of banks, asset-liability management constraints of insurers, and announced asset allocation targets of major pension funds.
… there is likely to be a “minimum” level of demand for JGBs from banks, pension funds, and insurance companies due to collateral needs, asset allocation targets, and asset-liability management (ALM) requirements. As such, the sustainability of the BoJ’s current pace of JGB purchases may become an issue.
Back to Bloomberg:
While Governor Haruhiko Kuroda said in May that he expects no obstacles in buying government bonds, the IMF analysts join Nomura Securities Co. and BNP Paribas SA in questioning the sustainability of the unprecedented debt purchases.
Who in turn merely joined Zero Hedge who warned about precisely this in October of last year.
Back to the IMF paper, which notes that in Japan, where there is a limited securitization market, the only “high quality collateral” assets are JGBs, and as a result of the large scale JGB purchases by the JGB, “a supply-demand imbalance can emerge, which could limit the central bank’s ability to achieve its monetary base targets. Such limits may already be reflected in exceptionally low (and sometimes negative) yields on JGBs, amid a large negative term premium, and signs of reduced JGB market liquidity.”
To the extent markets anticipate limits, the rise in inflation expectations could be contained, which may mitigate incentives for portfolio rebalancing and create a self-fulfilling cycle that undermines the BoJ’s objectives.
For those surprised by the IMF’s stark warning and curious how it is possible that the BOJ could have put itself in such a position, here is the explanation:
So far, the BoJ’s share of the government bond market is similar to those of the Federal Reserve and still below the Bank of England (BOE) at the height of their QE programs. Indeed, the BoE held close to 40 percent of the conventional gilt market at one point without causing significant market impairment. Japan is not there yet, as the BoJ held about a quarter of the market at end-2014. But, at the current pace, it will hold about 40 percent of the market by end-2016 and close to 60 percent by end-2018. In other words, beyond 2016, the BoJ’s dominant position in the government bond market will be unprecedented among major advanced economies.

As we expanded yesterday, the biggest issue for the BOJ is not that it has problems buying paper, but that there are simply not enough sellers: “under QQE1, only around 5 percent of BoJ’s net JGB purchases from the market came from institutional investors. In contrast, under QQE2, close to 40 percent of net purchases have come from institutional investors between October 2014 and March 2015.”

This is where things get back for the BOJ, because now that the BOJ is buying everything official institutions have to sell, the countdown has begun:
given the pace of BoJ purchases under QQE2 and projected debt issuance by the government (based on April 2015 IMF WEO projections of the fiscal deficit), we estimate that Japanese investors could shed some ¥220 trillion of JGBs until end-2018 (Table 2, Figure 4). In particular, Japanese insurance companies and pension funds could reduce their government bond holdings by ¥44 trillion, while banks could sell another ¥176 trillion by end-2018, which would bring their JGB holdings down to 5 percent of total assets. At that point, the BoJ may have to taper its JGB purchases.

Then there are the liquidity issues:
As the BoJ ascends to being a dominant player in the JGB market, liquidity is likely to be affected, implying that economic surprises may trigger larger volatility in JGB yields with potential financial stability implications. As noted in IMF (2012), demand-supply imbalances in safe assets could lead to deteriorating collateral quality in funding markets, more short-term volatility jumps, herding, and cliff effects. In an environment of persistent low interest rates and heightened financial market uncertainty, these imbalances can raise the frequency of volatility spikes and potentially lead to large swings in asset prices.
This, too, is precisely what we warned yesterday would be the outcome: “the BOJ will not boost QE, and if anything will have no choice but to start tapering it down – just like the Fed did when its interventions created the current illiquidity in the US govt market – especially since liquidity in the Japanese government market is now non-existant and getting worse by the day.”
The IMF paper conveniently provides some useful trackers to observe just how bad JGB liquidity is in real-time.

The IMF is quick to note that the BOJ does have a way out: it can simply shift its monetization to longer-dated paper, expand collateral availability using tthe BOJ’s Securited Lending Facility (which basically is a circular check kiting scheme, where the BOJ lends banks the securities it will then repurchase from them), or simply shift from bonds to other assets: “the authorities could expand the purchase of private assets. At the moment, Japan has a relatively limited corporate bond market (text chart). Hence, this would require jumpstarting the securitization market for mortgages and bank loans to small and medium-sized enterprises which could generate more private assets for BoJ purchases.”
But the biggest risk is not what else the BOJ could monetize – surely the Japanese government can always create “monetizable” kitchen sinks… but what happens when the regime shifts from the current buying phase to its inverse:
As this limit approaches and once the BoJ starts to exit, the market could move from a situation of shortage to one with excess supply. The term premium could jump depending on whether the BoJ shrinks its balance sheet and on the fiscal deficit over the medium term.
When considering that by 2018 the BOJ market will have become the world’s most illiquid (as the BOJ will hold 60% or more of all issues), the IMF’s final warning is that “such a change in market conditions could trigger the potential for abrupt jumps in yields.”
At that moment the BOJ will finally lose control. In other words, the long-overdue Kyle Bass scenario will finally take place in about 2-3 years, tops.
But ignoring the endgame for Japan, and recall that BofA triangulated just this when it said that “the BOJ is basically declaring that Japan will need to fix its long-term problems by 2018, or risk becoming a failed nation“, what’s worse for Abe is that the countdown until his program loses all credibility has begun.
What happens then? As BNP wrote in an August 28-dated report, “Once foreign investors lose faith in Abenomics, foreign outflows are likely to trigger a Japanese equities meltdown similar to the one observed during 2007-09.”
And from there, the contagion will spread to the entire world, whose central banks incidentally, will be faced with precisely the same question: who will be responsible for the next round of monetization and desperately kicking the can one more time.
But before we get to the QE endgame, we first need to get the interim point: the one where first the markets and then the media realizes that the BOJ – the one central banks whose bank monetization is keeping the world’s asset levels afloat now that the ECB has admitted it is having “problems” finding sellers – will have no choice but to taper, with all the associated downstream effects on domestic and global asset prices.
It’s all downhill from there, and not just for Japan but all other “safe collateral” monetizing central banks, which explains the real reason the Fed is in a rush to hike: so it can at least engage in some more QE when every other central bank fails.
But there’s no rush: remember to give the market and the media the usual 6-9 month head start to grasp the significance of all of the above.
Source: IMF