Taxpayers Potentially Liable For TRILLIONS

NEW LAW WOULD MAKE TAXPAYERS POTENTIONALLY LIABLE FOR TRILLIONS IN DERIVATIVES LOSSES!!!!!!!!


SAY WHAT?  THE DAMN CROOKS STEAL AND MAKE BETS TO MAKE PROFITS FOR THEIR WALLETS AND YOU AND I ARE SUPPOSED TO COVER THEIR DEBTS????

  If the quadrillion dollar derivatives bubble implodes, who should be stuck with the bill?  Well, if the “too big to fail” banks have their way it will be you and I.


Right now, lobbyists for the big Wall Street banks are pushing really hard to include an extremely insidious provision in a bill that would keep the federal government funded past the upcoming December 11th deadline.  This provision would allow these big banks to trade derivatives through subsidiaries that are federally insured by the FDIC.  What this would mean is that the big banks would be able to continue their incredibly reckless derivatives trading without having to worry about the downside.  If they win on their bets, the big banks would keep all of the profits.  If they lose on their bets, the federal government would come in and bail them out using taxpayer money.  In other words, it would essentially be a “heads I win, tails you lose” proposition.


DO YOU THINK AMERICANS ARE EVER GOING TO FIGURE OUT WHAT THE BIG BANKS' GAME IS - AND THAT WE THE PEOPLE ARE ALWAYS THE LOSERS????


Just imagine the following scenario.  I go to Las Vegas and I place a million dollar bet on who will win the Super Bowl this year.  If I am correct, I keep all of the winnings.  If I lose, federal law requires YOU to bail me out and give me the million dollars that I just lost.


Does that sound fair?


Of course not!  In fact, it is utter insanity.  But through their influence in Congress, this is exactly what the big Wall Street banks are attempting to pull off. And  according to the Huffington Post, there is a very good chance that this provision will be in the final bill that will soon be voted on… (This is like Coca Cola placing their entire corporation up as a bet on the gaming tables in Vegas, losing, and then looking to you and me to pay the debt on their behalf!! This is what the banks are doing to you and me!)

According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.

Sadly, most Americans don’t understand how derivatives work and so there is very little public outrage.  But the truth is that people should be marching in the streets over this.  If this provision becomes law, the American people could potentially be on the hook for absolutely massive losses…

The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. — potentially putting taxpayers on the hook for losses caused by the risky contracts.

This is not the first time these banks have tried to pull off such a coup.  As Michael Krieger of Liberty Blitzkrieg has detailed, bank lobbyists tried to do a similar thing last year…

Five years after the Wall Street coup of 2008, it appears the U.S. House of Representatives is as bought and paid for as ever. We heard about the Citigroup crafted legislation currently being pushed through Congress back in May when Mother Jones reported on it. Fortunately, they included the following image in their article:

Unsurprisingly, the main backer of the bill is notorious Wall Street lackey Jim Himes (D-Conn.), a former Goldman Sachs employee who has discovered lobbyist payoffs can be just as lucrative as a career in financial services. The last time Mr. Himes made an appearance on these pages was in March 2013 in my piece: Congress Moves to DEREGULATE Wall Street.

Fortunately, it was stopped in the Senate at that time.
But that is the thing with bank lobbyists.  They are like Terminators – they never, ever, ever give up.
And they now have more of a sense of urgency then ever, because we are moving into a period of time when the big banks may begin losing tremendous amounts of money on derivatives contracts.


For example, the rapidly plunging price of oil could potentially mean gigantic losses for the big banks.  Many large shale oil producers locked in their profits for 2015 and 2016 through derivatives contracts when the price of oil was above $100 a barrel.  As I write this, the price of oil is down to $65 a barrel, and many analysts expect it to go much lower.


So guess who is on the other end of many of those trades?  The big banks.  Their computer models never anticipated that the price of oil would fall by more than 40 dollars in less than six months.  A loss of 40, 50 or even 60 dollars per barrel would be catastrophic.


No wonder they want legislation that will protect them.


And commodity derivatives are just part of the story.  Over the past couple of decades, Wall Street has been transformed into the largest casino in the history of the world.  At this point, the amounts of money that these “too big to fail” banks are potentially on the hook for are absolutely mind blowing. 


As you read this, there are five Wall Street banks that each have more than 40 trillion dollars in exposure to derivatives.  The following numbers come from the OCC’s most recent quarterly report (see Table 2)…


JPMorgan Chase
Total Assets: $2,520,336,000,000 (about 2.5 trillion dollars)
Total Exposure To Derivatives: $68,326,075,000,000 (more than 68 trillion dollars)


itibank
Total Assets: $1,909,715,000,000 (slightly more than 1.9 trillion dollars)
Total Exposure To Derivatives: $61,753,462,000,000 (more than 61 trillion dollars)


Goldman Sachs
Total Assets: $860,008,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,695,156,000,000 (more than 57 trillion dollars)


Bank Of America
Total Assets: $2,172,001,000,000 (a bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $55,472,434,000,000 (more than 55 trillion dollars)


Morgan Stanley
Total Assets: $826,568,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $44,134,518,000,000 (more than 44 trillion dollars)


Those that follow my website regularly will note that the derivatives exposure for the top four banks has gone up significantly since I last wrote about this just a few months ago.  Do you want to be on the hook for all of that?


Keep in mind that the U.S. national debt is only about 18 trillion dollars at this point.  So why in the world would we want to guarantee losses that could potentially be far greater than our entire national debt?  Only a complete and utter fool would financially guarantee these incredibly reckless bets.


Please contact your representatives in Congress and tell them that you do not want to be on the hook for the derivatives losses of the big Wall Street banks.
When this derivatives bubble finally implodes and these big banks go down (and they inevitably will), we do not want them to take down the rest of us with them.


http://theeconomiccollapseblog.com/archives/category/banksters

Bankers Are Actually Telling Us What Is Going To Happen Next

IF YOU LISTEN CAREFULLY, THE BANKERS ARE ACTUALLY TELLING US WHAT IS GOING TO HAPPEN NEXT!!!

  Are we on the verge of a major worldwide economic downturn?  Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. 


As you will read about below, the big banks are warning that the price of oil could soon drop as low as 20 dollars a barrel, that a Greek exit from the eurozone could push the EUR/USD down to 0.90, and that the global economy could shrink by more than 2 trillion dollars in 2015.  Most of the time, very few people ever actually read the things that the big banks write for their clients.  But in recent months, a lot of these bankers are issuing such ominous warnings that you would think that they have started to write for The Economic Collapse Blog. 


Of course we have seen this happen before.  Just before the financial crisis of 2008, a lot of people at the big banks started to get spooked, and now we are beginning to see an atmosphere of fear spread on Wall Street once again.  Nobody is quite sure what is going to happen next, but an increasing number of experts are starting to agree that it won’t be good.


Let’s start with oil.  Over the past couple of weeks, we have seen a nice rally for the price of oil.  It has bounced back into the low 50s, which is still a catastrophically low level, but it has many hoping for a rebound to a range that will be healthy for the global economy.


Unfortunately, many of the experts at the big banks are now anticipating that the exact opposite will happen instead.  For example, Citibank says that we could see the price of oil go as low as 20 dollars this year…

The recent rally in crude prices looks more like a head-fake than a sustainable turning point — The drop in US rig count, continuing cuts in upstream capex, the reading of technical charts, and investor short position-covering sustained the end-January 8.1% jump in Brent and 5.8% jump in WTI into the first week of February.
Short-term market factors are more bearish, pointing to more price pressure for the next couple of months and beyond — Not only is the market oversupplied, but the consequent inventory build looks likely to continue toward storage tank tops. As on-land storage fills and covers the carry of the monthly spreads at ~$0.75/bbl, the forward curve has to steepen to accommodate a monthly carry closer to $1.20, putting downward pressure on prompt prices. As floating storage reaches its limits, there should be downward price pressure to shut in production.
The oil market should bottom sometime between the end of Q1 and beginning of Q2 at a significantly lower price level in the $40 range — after which markets should start to balance, first with an end to inventory builds and later on with a period of sustained inventory draws. It’s impossible to call a bottom point, which could, as a result of oversupply and the economics of storage, fall well below $40 a barrel for WTI, perhaps as low as the $20 range for a while.

Even though rigs are shutting down at a pace that we have not seen since the last recession, overall global supply still significantly exceeds overall global demand.  Barclays analyst Michael Cohen recently told CNBC that at this point the total amount of excess supply is still in the neighborhood of a million barrels per day…

“What we saw in the last couple weeks is rig count falling pretty precipitously by about 80 or 90 rigs per week, but we think there are more important things to be focused on and that rig count doesn’t tell the whole story.”
He expects to see some weakness going into the shoulder season for demand. In addition, there is an excess supply of about a million barrels of oil a day, he said.

And the truth is that many firms simply cannot afford to shut down their rigs.  Many are leveraged to the hilt and are really struggling just to service their debt payments.  They have to keep pumping so that they can have revenue to meet their financial obligations.  The following comes directly from the Bank for International Settlements…

“Against this background of high debt, a fall in the price of oil weakens the balance sheets of producers and tightens credit conditions, potentially exacerbating the price drop as a result of sales of oil assets, for example, more production is sold forward,” BIS said.
“Second, in flow terms, a lower price of oil reduces cash flows and increases the risk of liquidity shortfalls in which firms are unable to meet interest payments. Debt service requirements may induce continued physical production of oil to maintain cash flows, delaying the reduction in supply in the market.”

In the end, a lot of these energy companies are going to go belly up if the price of oil does not rise significantly this year.  And any financial institutions that are exposed to the debt of these companies or to energy derivatives will likely be in a great deal of distress as well.


Meanwhile, the overall global economy continues to slow down.


On Monday, we learned that the Baltic Dry Index has dropped to the lowest level ever.  Not even during the darkest depths of the last recession did it drop this low.
And there are some at the big banks that are warning that this might just be the beginning.  For instance, David Kostin of Goldman Sachs is projecting that sales growth for S&P 500 companies will be zero percent for all of 2015…

“Consensus now forecasts 0% S&P 500 sales growth in 2015 following a 5% cut in revenue forecasts since October. Low oil prices along with FX headwinds and pension charges have weighed on 4Q EPS results and expectations for 2015.”

Others are even more pessimistic than that.  According to Bank of America, the global economy will actually shrink by 2.3 trillion dollars in 2015.  One thing that could greatly accelerate our economic problems is the crisis in Greece.  If there is no compromise and a new Greek debt deal is not reached, there is a very real possibility that Greece could leave the Eurozone. If Greece does leave the eurozone, the continued existence of the monetary union will be thrown into doubt and the euro will utterly collapse.


Of course I am not the only one saying these things.  Analysts at Morgan Stanley are even projecting that the EUR/USD could plummet to 0.90 if there is a “Grexit”…

The Greek Prime Minister has reaffirmed his government’s rejection of the country’s international bailout programme two days before an emergency meeting with the euro area’s finance ministers on Wednesday. His declaration suggested increasing minimum wages, restoring the income tax-free threshold and halting infrastructure privatisations. Should Greece stay firm on its current anti-bailout course and with the ECB not accepting Greek T-bills as collateral, the position of ex-Fed Chairman Greenspan will gain increasing credibility. He forecast the eurozone to break as private investors will withdraw from providing short-term funding to Greece. Greece leaving the currency union would convert the union into a club of fixed exchange rates, a type of ERM III, leading to further fragmentation. Greek Fin Min Varoufakis said the euro will collapse if Greece exits, calling Italian debt unsustainable. Markets may gain the impression that Greece may not opt for a compromise, instead opting for an all or nothing approach when negotiating on Wednesday. It seems the risk premium of Greece leaving EMU is rising. Our scenario analysis suggests a Greek exit taking EURUSD down to 0.90.

If that happens, we could see a massive implosion of the 26 trillion dollars in derivatives that are directly tied to the value of the euro.


We are moving into a time of great peril for global financial markets, and there are a whole host of signs that we are slowly heading into another major global economic crisis.  So don’t be fooled by all of the happy talk in the mainstream media.  They did not see the last crisis coming either.


http://theeconomiccollapseblog.com/archives/category/banksters

THE SIX 'TOO BIG TO FAIL' BANKS

THE SIX 'TOO BIG TO FAIL' BANKS IN THE US(A) HAVE 278 TRILLION DOLLARS OF EXPOSURE TO DERIVATIVES

  The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment.  When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States.  During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again.  Instead, as you will see below, those banks have actually gotten far larger since then.  So now we really can’t afford for them to fail.  The six banks that I am talking about are JPMorgan Chase, Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo.  When you add up all of their exposure to derivatives, it comes to a grand total of more than 278 trillion dollars.  But when you add up all of the assets of all six banks combined, it only comes to a grand total of about 9.8 trillion dollars.


In other words, these “too big to fail” banks have exposure to derivatives that is more than 28 times greater than their total assets.  This is complete and utter insanity, and yet nobody seems too alarmed about it.  For the moment, those banks are still making lots of money and funding the campaigns of our most prominent politicians.  Right now there is no incentive for them to stop their incredibly reckless gambling so they are just going to keep on doing it.


So precisely what are “derivatives”?  Well, they can be immensely complicated, but I like to simplify things.  On a very basic level, a “derivative” is not an investment in anything.  When you buy a stock, you are purchasing an ownership interest in a company.  When you buy a bond, you are purchasing the debt of a company.  But a derivative is quite different.  In essence, most derivatives are simply bets about what will or will not happen in the future.  The big banks have transformed Wall Street into the biggest casino in the history of the planet, and when things are running smoothly they usually make a whole lot of money.


But there is a fundamental flaw in the system, and I described this in a previous article…

The big banks use very sophisticated algorithms that are supposed to help them be on the winning side of these bets the vast majority of the time, but these algorithms are not perfect.  The reason these algorithms are not perfect is because they are based on assumptions, and those assumptions come from people.  They might be really smart people, but they are still just people.

Today, the “too big to fail” banks are being even more reckless than they were just prior to the financial crash of 2008.


As long as they keep winning, everyone is going to be okay.  But when the time comes that their bets start going against them, it is going to be a nightmare for all of us.  Our entire economic system is based on the flow of credit, and those banks are at the very heart of that system.


In fact, the five largest banks account for approximately 42 percent of all loans in the United States, and the six largest banks account for approximately 67 percent of all assets in our financial system.


So that is why they are called “too big to fail”.  We simply cannot afford for them to go out of business.


As I mentioned above, our politicians promised that something would be done about this.  But instead, the four largest banks in the country have gotten nearly 40 percent larger since the last time around.  The following numbers come from an article in the Los Angeles Times…

Just before the financial crisis hit, Wells Fargo & Co. had $609 billion in assets. Now it has $1.4 trillion. Bank of America Corp. had $1.7 trillion in assets. That’s up to $2.1 trillion.
And the assets of JPMorgan Chase & Co., the nation’s biggest bank, have ballooned to $2.4 trillion from $1.8 trillion.

During this same time period, 1,400 smaller banks have completely disappeared from the banking industry.


So our economic system is now more dependent on the “too big to fail” banks than ever.


To illustrate how reckless the “too big to fail” banks have become, I want to share with you some brand new numbers which come directly from the OCC’s most recent quarterly report (see Table 2).....


JPMorgan Chase
Total Assets: $2,573,126,000,000 (about 2.6 trillion dollars)
Total Exposure To Derivatives: $63,600,246,000,000 (more than 63 trillion dollars)


Citibank
Total Assets: $1,842,530,000,000 (more than 1.8 trillion dollars)
Total Exposure To Derivatives: $59,951,603,000,000 (more than 59 trillion dollars)


Goldman Sachs
Total Assets: $856,301,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,312,558,000,000 (more than 57 trillion dollars)


Bank Of America
Total Assets: $2,106,796,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,224,084,000,000 (more than 54 trillion dollars)


Morgan Stanley
Total Assets: $801,382,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $38,546,879,000,000 (more than 38 trillion dollars)


Wells Fargo
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)


Compared to the rest of them, Wells Fargo looks extremely prudent and rational.
But of course that is not true at all.  Wells Fargo is being very reckless, but the others are being so reckless that it makes everyone else pale in comparison.
And these banks are not exactly in good shape for the next financial crisis that is rapidly approaching.  The following is an excerpt from a recent Business Insider article…

The New York Times isn’t so sure about the results from the Federal Reserve’s latest round of stress tests.
In an editorial published over the weekend, The Times cites data from Thomas Hoenig, vice chairman of the FDIC, who, in contrast to the Federal Reserve, found that capital ratios at the eight largest banks in the US averaged 4.97% at the end of 2014, far lower than the 12.9% found by the Fed’s stress test.

That doesn’t sound good.
So what is up with the discrepancy in the numbers?  The New York Times explains…

The discrepancy is due mainly to differing views of the risk posed by the banks’ vast holdings of derivative contracts used for hedging and speculation. The Fed, in keeping with American accounting rules and central bank accords, assumes that gains and losses on derivatives generally net out. As a result, most derivatives do not show up as assets on banks’ balance sheets, an omission that bolsters the ratio of capital to assets.
Mr. Hoenig uses stricter international accounting rules to value the derivatives. Those rules do not assume that gains and losses reliably net out. As a result, large derivative holdings are shown as assets on the balance sheet, an addition that reduces the ratio of capital to assets to the low levels reported in Mr. Hoenig’s analysis.

Derivatives, eh?
Very interesting.
And you know what?
The guys running these big banks can see what is coming.
Just consider the words that JPMorgan Chase chairman and CEO Jamie Dimon wrote to his shareholders not too long ago…

Some things never change — there will be another crisis, and its impact will be felt by the financial market.
The trigger to the next crisis will not be the same as the trigger to the last one – but there will be another crisis. Triggering events could be geopolitical (the 1973 Middle East crisis), a recession where the Fed rapidly increases interest rates (the 1980-1982 recession), a commodities price collapse (oil in the late 1980s), the commercial real estate crisis (in the early 1990s), the Asian crisis (in 1997), so-called “bubbles” (the 2000 Internet bubble and the 2008 mortgage/housing bubble), etc. While the past crises had different roots (you could spend a lot of time arguing the degree to which geopolitical, economic or purely financial factors caused each crisis), they generally had a strong effect across the financial markets

In the same letter, Dimon mentioned “derivatives moved by enormous players and rapid computerized trades” as part of the reason why our system is so vulnerable to another crisis.
If this is what he truly believes, why is his firm being so incredibly reckless?
Perhaps someone should ask him that.
Interestingly, Dimon also discussed the possibility of a Greek exit from the eurozone…

“We must be prepared for a potential exit,”  J. P. Morgan Chief Executive Officer Jamie Dimon said. in his annual letter to shareholders. “We continually stress test our company for possible repercussions resulting from such an event.”

This is something that I have been warning about for a long time.
And of course Dimon is not the only prominent banker warning of big problems ahead.  German banking giant Deutsche Bank is also sounding the alarm…

With a U.S. profit recession expected in the first half of 2015 and investors unlikely to pay up for stocks, the risk of a stock market drop of 5% to 10% is rising, Deutsche  Bank says.
That’s the warning Deutsche Bank market strategist David Bianco zapped out to clients today before the opening bell on Wall Street.
Bianco expects earnings for the broad Standard & Poor’s 500-stock index to contract in the first half of 2015 — the first time that’s happened since 2009 during the financial crisis. And the combination of soft earnings and his belief that investors won’t pay top dollar for stocks in a market that is already trading at above-average valuations is a recipe for a short-term pullback on Wall Street.

The truth is that we are in the midst of a historic stock market bubble, and we are witnessing all sorts of patterns in the financial markets which also emerged back in 2008 right before the financial crash in the fall of that year.


When some of the most prominent bankers at some of the biggest banks on the entire planet start issuing ominous warnings, that is a clear sign that time is running out.  The period of relative stability that we have been enjoying has been fun, and hopefully it will last just a little while longer.  But at some point it will end, and then the pain will begin.


http://theeconomiccollapseblog.com/archives/category/banksters

UN Launches A Major Sustainable Development Agenda

THE UNITED NATIONS IS NOT THE 'FRIEND' OF THE PEOPLE BUT IS OUR ENEMY - BE INFORMED OF THEIR PLANS FOR YOU AND FOR ME 

In September 2015, The UN Launches A Major Sustainable Development Agenda For The Entire Planet

By Michael Snyder, on May 11th, 2015 

 

   The UN plans to launch a brand new plan for managing the entire globe at the Sustainable Development Summit that it will be hosting from September 25th to September 27th.  Some of the biggest names on the planet, including Pope Francis, will be speaking at this summit.


This new sustainable agenda focuses on climate change of course, but it also specifically addresses topics such as economics, agriculture, education and gender equality.  For those wishing to expand the scope of “global governance”, sustainable development is the perfect umbrella because just about all human activity affects the environment in some way.


The phrase “for the good of the planet” can be used as an excuse to micromanage virtually every aspect of our lives.  So for those that are concerned about the growing power of the United Nations, this summit in September is something to keep an eye on.  Never before have I seen such an effort to promote a UN summit on the environment, and this new sustainable development agenda is literally a framework for managing the entire globe.


If you are not familiar with this new sustainable development agenda, the following is what the official United Nations website says about it…

The United Nations is now in the process of defining Sustainable Development Goals as part a new sustainable development agenda that must finish the job and leave no one behind. This agenda, to be launched at the Sustainable Development Summit in September 2015, is currently being discussed at the UN General Assembly, where Member States and civil society are making contributions to the agenda.
The process of arriving at the post 2015 development agenda is Member State-led with broad participation from Major Groups and other civil society stakeholders. There have been numerous inputs to the agenda, notably a set of Sustainable Development Goals proposed by an open working group of the General Assembly, the report of an intergovernmental committee of experts on sustainable development financing, General Assembly dialogues on technology facilitation and many others.

Posted below are the 17 sustainable development goals that are being proposed so far.  Some of them seem quite reasonable.  After all, who wouldn’t want to “end poverty”.  But as you go down this list, you soon come to realize that just about everything is involved in some way.  In other words, this truly is a template for radically expanded “global governance”.


Once again, this was taken directly from the official UN website…
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition, and promote sustainable agriculture
3. Ensure healthy lives and promote wellbeing for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its impacts (taking note of agreements made by the UNFCCC forum)
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification and halt and reverse land degradation, and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalize the global partnership for sustainable development


UNDERSTAND - THE UN'S CHOSEN METHODOLOGY OF ACHIEVING THESE GOALS WILL NOT BE FRIENDLY NOR COMPATIBLE WITH THE WORLD'S POPULATION BUT MAY WELL ENCOMPASS SUCH METHODS AS GENOCIDE IN SUCH SERIOUS QUESTIONABLE MEASURES AS - VACCINATIONS DESIGNED TO KILL, AERIAL BOMBING OF POISONOUS PARTICLES, DECLINING FOOD AND APPROPRIATE MEDICAL CARE TO ENTIRE POPULATIONS, FORCING PEOPLE TO MOVE IN TO CITY CENTERS AND LIVING IN 8 x 10 APARTMENTS, IMPOSED LIMITATIONS ON USAGE OF WATER, POWER, TRANSPORTATION, AND ETC.


As you can see, this list goes far beyond “saving the environment” or “fighting climate change”.
It truly covers just about every realm of human activity.


Another thing that makes this new sustainable development agenda different is the unprecedented support that it is getting from the Vatican and from Pope Francis himself.  In fact, Pope Francis is actually going to travel to the UN and give an address to kick off the Sustainable Development Summit on September 25th…

His Holiness Pope Francis will visit the UN on 25 September 2015, and give an address to the UN General Assembly immediately ahead of the official opening of the UN Summit for the adoption of the post-2015 development agenda.

This 'Pope' has been very open about his belief that climate change is one of the greatest dangers currently facing our world.  Just a couple of weeks ago, he actually brought UN Secretary General Ban Ki-moon to the Vatican to speak about climate change and sustainable development.  Here is a summary of what happened…

On 28 April, the Secretary-General met with His 'Holiness' 'Pope' Francis at the Vatican and later addressed senior religious leaders, along with the Presidents of Italy and Ecuador, Nobel laureates and leading scientists on climate change and sustainable development.
Amidst an unusually heavy rainstorm in Rome, participants at the historic meeting gathered within the ancient Vatican compound to discuss what the Secretary-General has called the “defining challenge of our time.”
The mere fact that a meeting took place between the religious and scientific communities on climate change was itself newsworthy. That it took place at the Vatican, was hosted by the Pontifical Academy of Sciences, and featured the Secretary-General as the keynote speaker was all the more striking.

In addition, Pope Francis is scheduled to release a major encyclical this summer which will be primarily focused on the environment and climate change.  The following comes from the New York Times…

The much-anticipated environmental encyclical that Pope Francis plans to issue this summer is already being translated into the world’s major languages from the Latin final draft, so there’s no more tweaking to be done, several people close to the process have told me in recent weeks.

I think that we can get a good idea of the kind of language that we will see in this encyclical from another Vatican document which was recently released.  It is entitled “Climate Change and The Common Good”, and it was produced by the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences.  The following is a brief excerpt… (READ AND BEWARE!)

Unsustainable consumption coupled with a record human population and the uses of inappropriate technologies are causally linked with the destruction of the world’s sustainability and resilience. Widening inequalities of wealth and income, the world-wide disruption of the physical climate system and the loss of millions of species that sustain life are the grossest manifestations of unsustainability. The continued extraction of coal, oil and gas following the “business-as-usual mode” will soon create grave existential risks for the poorest three billion, and for generations yet unborn. Climate change resulting largely from unsustainable consumption by about 15% of the world’s population has become a dominant moral and ethical issue for society. There is still time to mitigate unmanageable climate changes and repair ecosystem damages, provided we reorient our attitude toward nature and, thereby, toward ourselves. Climate change is a global problem whose solution will depend on our stepping beyond national affiliations and coming together for the common good. Such transformational changes in attitudes would help foster the necessary institutional reforms and technological innovations for providing the energy sources that have negligible effect on global climate, atmospheric pollution and eco-systems, thus protecting generations yet to be born. Religious institutions can and should take the lead in bringing about that change in attitude towards Creation.
The Catholic Church, working with the leadership of other religions, can now take a decisive role by mobilizing public opinion and public funds to meet the energy needs of the poorest 3 billion people, thus allowing them to prepare for the challenges of unavoidable climate and eco-system changes. Such a bold and humanitarian action by the world’s religions acting in unison is certain to catalyze a public debate over how we can integrate societal choices, as prioritized under UN’s sustainable development goals, into sustainable economic development pathways for the 21st century, with projected population of 10 billion or more.

Under this Pope, the Vatican has become much more political than it was before, and sustainable development has become the Vatican’s number one political issue.
And did you notice the language about “the world’s religions acting in unison”?  Clearly, the Vatican believes that it has the power to mobilize religious leaders all over the planet and have them work together to achieve the “UN’s sustainable development goals”


I can never remember a time when the United Nations and the largest religious institution on the planet, the Catholic Church, have worked together so closely.
So what will the end result of all this be?
Should we be concerned about this new sustainable development agenda?  YOU BET YOUR LIFE YOU SHOULD!


http://theeconomiccollapseblog.com/archives/in-september-the-un-launches-a-major-sustainable-development-agenda-for-the-entire-planet 

How to Block Microwave Mind-Programming Signals

Suggested reference from a poster to the article "US military CAUGHT moving microwave weapons" .................


   How to Block Microwave Mind Programming Signals

montalk.net » 14 July 04


We have all heard jokes about tinfoil hats. Turns out there might be some practical truth to that idea. Aluminum foil really does attenuate (lessen) certain EM radiation if electrically grounded and not touching the skin. For those who are heavily bombarded by microwave beams from sources like cellphone towers, which is easy to determine if you have an RF signal detector as I do, blocking these waves with grounded metal sheets goes a long way to lessening the radiation.

A large source of dangerous EM radiation comes in the form of microwaves emitted by cell phone towers. From personal experimentation, and hearing the experiences of others, I am convinced that microwave pollution and intentional targeting can muddle thoughts, induce fatigue, reduce willpower, and maybe even subliminally implant thoughts or entrain emotional states. They may also be used for monitoring purposes.
Using a microwave signal strength meter, I have made several objective observations about these signals:

1. they tend to be beamed through the window of a room where one spends the most time, usually the window facing the front street
2. they are specifically directed to target and track a person inside his home
3. the tracking speed is slow, and when the target moves, the signal takes several seconds or minutes to search and find the target at his new location.
4. when the target enters an area in his home that the signal cannot reach, the signal goes on a wide search mode, thinking the target has left his home and is traveling about town.
5. when the primary window is blocked off, within days the signal finds another window or thin wall to penetrate
6. one can feel the effects of this signal, which may induce a dull headache or pressure in the temples

It appears cell phone towers are generating these signals by triangulating hotspots on selected tracked targets. This would require that computers perform the calculations necessary to alter the signal of each of three cell phone towers so as to triangulate a hotspot of signal at the target’s location. When the target moves, new calculations have to be made, which takes several seconds. Maybe something else generates the beams, like satellites.
These signals may consist of microwave carriers with ELF modulation, and perhaps with audio or text encoded messages. Some possibilities:

1. the microwaves resonate with DNA, can penetrate flesh and bone, pass through some walls and windows, and are already in use by cell phones.
2. these signals entrain brainwaves into a high-beta state, which causes aggression and stress, or an alpha level that induces hypnotic states and muddled thinking.
3. besides the ELF waves that entrain brain states, the carrier may also convey audio messages. I have not verified what these messages are, but they could be something along the lines of “You are angry, You cannot think, You give up, You have no energy, etc…” These audio messages could be modulated into the microwave carrier via frequency modulation, while the ELF brain-entrainment signals could be amplitude modulated.
4. there may also be emotional signatures frequency-modulated into the carrier. These can induce anger, frustration, sadness, or essentially any human emotion into susceptible targets

Who is responsible for all this? Probably shadow factions of the military/intelligence community. If they wish to keep the population docile and keep all dissenters from acting upon their dissenting thoughts, no means are unthinkable to accomplish those ends.

What Can Be Done

There are two things you can do. First, you can learn to better cope with these signals. The more you are in control of your own mind and emotions, and the more observant you are about your own behavior, the less influence these signals have upon your thoughts, feelings, and behavior. Knowing is half the battle. Second, you can take additional steps to reduce the level of EM radiation in your home, by blocking these signals.
Standard methods of blocking microwave mind programming signals consist of Faraday cages, but Faraday cages are difficult and expensive to build. Aluminum foil hats actually increase signal exposure by acting as an antenna unless they are grounded, so you can forget about that.
An easy and relatively cost-effective way to block microwaves goes as follows:
1) Obtain these items:

• several emergency foil blankets (also known as space blankets, emergency camping blankets, or mylar foil blankets). These come in small folded packs, found in the camping section of department stores ($3 each).

• “Solderless Banana Plugs” and “Test / Jumper leads” from Radioshack.

• duct tape or masking tape
• RF / MW signal detector, optional but recommended. Here are ones that work: 1) These ones on eBay (good), 2) Zap Checker 180 or 270 (better). Do NOT use the CellSensor, as it’s not designed for measuring cellphone tower beams.
• If you cannot obtain a signal detector, take your best guess at which windows or walls to cover. An ideal choice would be the corner or wall closest to your bed. Any protection is better than no protection. But without a device to measure what’s really there, your subjectivity may get the better of you.

2) Assemble the connecting cables like this:
a) Cut off one of the alligator clips:

b) Strip insulation a half inch from the end:

c) then twist the wires together:

d) insert wire through plastic sleeve, and unscrew metal collar from the plug part (counter clockwise from front).

d) insert wire into the back of the metal plug, through the hole, and fold it back:

e) screw metal collar back on:

f) screw on the plastic sleeve and you’re done.

g) Repeat this for one or two more cables to make a complete set:

Or you can get all the above ready-made from Amazon:

• 12-pack mylar foil blankets for $11 (Amazon link).

• Cables that connect ground and the foil sheets (Amazon link).

• Alligator test leads to connect one sheet to another (Amazon link).

3) Use signal detector to record the relative signal strength from all windows in the room you wish to protect, preferably the office or bedroom.
4) Without gaps, cover the walls or windows with emergency foil blankets, using masking or duct tape to hang up and connect the pieces. It does not matter which side of the blankets faces the wall. If this is too much, then just cover the window. If this is too ugly for you, then you can make a safe room out of a large closet, or put your bed or desk in the corner and cover the half of the walls adjacent to it.
5) Widen the splayed banana plug tip by inserting a knife of thin screwdriver into the gaps, and stick into the ground jack on your electrical outlet. This is the middle one that’s round, not slotted. Connect the alligator clip to the bottom edge of a blanket, so that it grips onto both sides of the foil.
6) Use double-alligator wires to connect one blanket piece to another.
7) Check for incoming radiation, add another blanket where necessary. After an hour or two, check the other windows and compare their signal strength to what you recorded previously. If they are now showing intense incoming radiation, the signal has re-oriented and you must cover that wall or window as well.

You will feel the difference. As an experiment, tape up only half of a grounded blanket, so that you stand before an uncovered window. Then tape up the rest so the window is covered. The pressure in your head may disappear, only to reappear if you pull the blanket down again. If you live in a flat urban area, the field intensities tend to be high.
Microwaves cannot easily penetrate metal, especially grounded metal such as the electrically grounded foil blankets. The reason why emergency blankets are recommended over Reynolds aluminum foil is that these blankets are larger, more durable, and easier to hang up. Though some signal still gets through, and foil does not block pure ELF waves (ones without a higher frequency carrier), this is one step to greatly reducing the level of incoming microwave radiation.

Other Miscellaneous Tips

• for temporary relief, go to the basement, lie on the floor, or move around. These prevent strong hot spots from locking onto you. This may seem paranoid, but test it with a signal detector and you will verify this for yourself.
• use a negative ion generator (air ionizer) to improve the quality of air in your home. Keep the generator away from computer equipment. Negative ions improve your mood, and such generators also create EM noise which interferes slightly with monitoring device. Negative ions and the EM noise also counteracts negative astral and ethereal phenomena.
• avoid ingesting fluoride. Among other places, fluoride is found in commercial soft drinks, bottled or canned ice tea, and tap water. Fluoride impairs willpower and clarity of thought, which makes one more susceptible to microwave mind programming signals. Brita or Pur water filters do not remove fluoride. Try refillable reverse osmosis water jugs, or distilled/purified drinking water.
• if one has a choice, avoid spring mattresses. Use instead air mattresses, waterbeds, wooden cots, or futons. Platform beds made of wood are available to support a futon mattress. Springs are like antennas, and focus EM and ELF energy into your body while you sleep.
• get proper nutrition. This means enough calories, protein, adequate minerals, plenty of clean water, and fresh fruits and vegetables. Being deficient in any of these will cause mental weakness and submissiveness to mind programming signals.
• be in the moment and observe yourself. Question baseless thoughts or emotions you may have, especially negative emotions such as aggression or depression that urge you to act without thinking. Becoming aware of their presence is often enough to deactivate them.
• don’t let the means become an ends. Reducing mind programming signal influences should serve to increase your productivity and efficiency in what you truly desire to do, the goals you choose to follow. Don’t let fear and paranoia displace the importance of following your goals.

http://montalk.net/conspiracy/55/how-to-block-microwave-mind-programming-signals

3 Reasons Why Fishing Is A Survivalist’s Lifehack.....

Written by: Kevin Danielsen Extreme Survival

Pitching camp near a body of water is one of the best ways to ensure your capacity to survive.  Water is necessary for the sustenance of life, and where there is water, there is the opportunity to snag supper on a reliably regular basis.

With that said, the key to surviving isn’t simply based on the gear you bring (or make when you get there). Instead, it’s primarily based in how well you can manage and leverage your time and energy in every task undertaken.
And I believe that fishing is an ideal way to accomplish this.
Pitching camp near a lake, mountain stream, or a large river can completely change the game in your favor. In modern terms, it’s a survivalist’s lifehack, but one that predates antiquity.
Water Is a Resource For Growth
In human history, it’s easy to see that access to bodies of water means everything. Empires have risen and fallen based on their proximity to a coastline or river, which is one reason why there was such a need for a dominant navy during military conflicts. There are several reasons why this was the case, as a large body of water offered:

• Clean hydration
• Effective means of sanitation
• Efficient transportation
• The ability to establish trade and communication
• First and foremost: access to a virtually endless supply of food.

That’s why some of the world’s most wealthy and largest major cities continue to depend on some body of water for development and stability. Even Las Vegas, Nevada, is dependent on the Colorado River’s Hoover Dam to power ye olde giant desert oasis of decadence. To take that point even further, the Population Reference Bureau states that:

Today, approximately 3 billion people — about half of the world’s population — live within 200 kilometers of a coastline. By 2025, that figure is likely to double. The high concentration of people in coastal regions has produced many economic benefits, including improved transportation links, industrial and urban development, revenue from tourism, and food production.

But let’s bring this back to lil’ old you and me, now. The reason why I talked about why humans tend to concentrate near (and even fight over) bodies of water is because they offer the means for a civilization to thrive and prosper. In light of that fact, I believe that there are convincing correlations in how humanity’s macro schemes translate to our own personal micro-survival situations.
Ultra-Efficient Water Filter Fits In Your Pocket!
And that brings me to the takeaway …

Image source: BladeForum

If you’re surviving, selecting a “bugout” retreat, or savoring the art of bushcraft on a week-long campout, then here’s what you should do: set your tent stakes somewhere near a fish-filled body of water.
Fishing is simply a massive advantageous survivalist’s lifehack, because instead of hunting, it allows you to relax and watch a bobber — so that you can expend less energy, use your time wisely, and sleep the night without feeling your gut gurgling. I’ve come to realize that this is a super-powerful wilderness provision for three reasons:
1. You Need a Water Source Anyway
As I stated above, water will offer you a bounty of resources. You’re going to have to find a water source regardless of whether or not you’ve pitched camp on a mountain, in the desert, or in a backwoods holler. Water is absolutely essential for life, and because survival is dependent on our ability to leverage and manage our time, you might as well kill two birds with one stone.
You’ll have two extremely critical resources in a single location, which means that you’ll spend less time and energy on acquiring both of them.
By the way, it’s no secret that critters have a tendency to congregate and travel near water sources. Since you’ll be near the water anyway, this even offers you an added advantage for hunting and trapping as well. Food for thought … literally.
2. It’s Easier Than Hunting/Trapping (For Better Nutrition)
One of the biggest reasons why I wouldn’t depend on hunting alone is because of its striking similarities with gambling. Sometimes you get lucky, and sometimes you don’t. When it comes to my survival, I don’t like those odds.
Also, you’ll be spending your energy and time in an attempt to take a buck, so that you can eat for a week. But what if you’re in the height of summer without the means to preserve the venison that you’ve just taken? Sure, you can jerk all of it simultaneously, but that’s another major time/energy demand. During warmer months, it’s just easier to take small game for that reason.
Also, when you’re hunting, you’re only hunting. You can’t do other things simultaneously, which is why you’ll need to be trapping WHILE you’re hunting in order to keep the food provisions topped off.
But if you’re depending on fishing, you can cast multiple lines simultaneously, using bait that you dug up five minutes ago. In addition, fishing requires far less knowledge, time, skill and energy in order to successfully reel in and process a meal for supper — in comparison to attempting to shoot and gut it.
Now here’s the kicker…

• In 100 grams of rabbit, you’ve got 173 calories and less than 5 percent recommended daily value of just about every vitamin, except for your B-complex.
• In 100 grams of salmon, you’ve got 179 calories and you have a spread of vitamins at more than 5 percent recommended daily value, including your B-complex.

And all you did was cast a line without tracking, smoke bathing, aiming, and telling everyone about your present location via .30-06 discharge. You got more for doing less.
Even so, you could still hunt while you trap and fish. Fishing for survival purposes doesn’t require your lines to be constantly tended.
3. You Can Reel In Small Fish To Drag In Big Fish
In the spirit of our newfound uses for survival leverage, let’s ask a simple question:
Just because you catch a small fish, does that mean you have to eat it? Well, if you’re about to succumb to starvation, then perhaps eating would be the best course of action at the moment.  But if you’re not going to pass out within the next 10 hours, then what else could we do with our tiny snack? Simple: we use it to hook a bigger meal on the line.
The Secret To Starting Fires In Even The Most Extreme Conditions
Nothing gets big fish hungrier than the familiar scent of a wounded smaller fish — but it’s not exactly wounded in reality. Nope, instead of eating that smaller fish, you cut it into pieces and set them on the hooks that are attached to your trotline … using your three-inch morning’s Crappie catch to drag in the evening’s 12-inch catfish.
The coolest part is that you didn’t have to spend any time watching that trotline, and just let nature do its thing. And even though trotlines can be difficult to run, especially if you don’t have access to watercraft, then you can still employ your other set-and-forget option if you purchased Fishing Yo Yos and stashed them in your pack ahead of time. Here’s a video that will show you what these contraptions can do:

This way, you can collect a tiny unappetizing, yet edible, resource, like a worm…
To catch a smaller tasty, edible resource, like a bluegill…
To snag a multi-meal, scrumptiously edible resource, like a catfish or largemouth.
And you did it without using a single round or spending all day, praying to stumble upon a rabbit or a doe to stumble into your sight picture — all because you used leverage.
So be “shore” about your survival: Camp near a river and bring your fishing kit.