Clear Signs That The Great Derivatives Crisis Has Now Begun

Global Financial Meltdown Coming? Clear Signs That The Great Derivatives Crisis Has Now Begun

By Michael Snyder, on October 7th, 2015 

Warren Buffett once referred to derivatives as “financial weapons of mass destruction“, and it was inevitable that they would begin to wreak havoc on our financial system at some point.  While things may seem somewhat calm on Wall Street at the moment, the truth is that a great deal of trouble is bubbling just under the surface.  

As you will see below, something happened in mid-September that required an unprecedented 405 billion dollar surge of Treasury collateral into the repo market.  I know – that sounds very complicated, so I will try to break it down more simply for you.  

It appears that some very large institutions have started to get into a significant amount of trouble because of all the reckless betting that they have been doing.  This is something that I have warned would happen over and over again.  In fact, I have written about it so much that my regular readers are probably sick of hearing about it.  But this is what is going to cause the meltdown of our financial system.

Many out there get upset when I compare derivatives trading to gambling, and perhaps it would be more accurate to describe most derivatives as a form of insurance.  The big financial institutions assure us that they have passed off most of the risk on these contracts to others and so there is no reason to worry according to them.

Well, personally I don’t buy their explanations, and a lot of others don’t either.  On a very basic, primitive level, derivatives trading is gambling.  This is a point that Jeff Nielson made very eloquently in a piece that he recently published…

No one “understands” derivatives. How many times have readers heard that thought expressed (please round-off to the nearest thousand)? Why does no one understand derivatives? For many; the answer to that question is that they have simply been thinking too hard. For others; the answer is that they don’t “think” at all.
Derivatives are bets. This is not a metaphor, or analogy, or generalization. Derivatives are bets. Period. That’s all they ever were. That’s all they ever can be.

One very large financial institution that appears to be in serious trouble with these financial weapons of mass destruction is Glencore.  At one time Glencore was considered to be the 10th largest company on the entire planet, but now it appears to be coming apart at the seams, and a great deal of their trouble seems to be tied to derivatives.  

The following comes from Zero Hedge…
Of particular concern, they said, was Glencore’s use of financial instruments such as derivatives to hedge its trading of physical goods against price swings. The company had $9.8 billion in gross derivatives in June 2015, down from $19 billion in such positions at the end of 2014, causing investors to query the company about the swing.

Glencore told investors the number went down so drastically because of changes in market volatility this year, according to people briefed by Glencore. When prices vary significantly, it can increase the value of hedging positions.

Last year, there were extreme price moves, particularly in the crude-oil market, which slid from about $114 a barrel in June to less than $60 a barrel by the end of December.
That response wasn’t satisfying, said Michael Leithead, a bond fund portfolio manager at EFG Asset Management, which managed $12 billion as of the end of March and has invested in Glencore’s debt.

According to Bank of America, the global financial system has about 100 billion dollars of exposure overall to Glencore.  So if Glencore goes bankrupt that is going to be a major event.  At this point, Glencore is probably the most likely candidate to be “the next Lehman Brothers”.

And it isn’t just Glencore that is in trouble.  Other financial giants such as Trafigura are in deep distress as well.  Collectively, the global financial system has approximately half a trillion dollars of exposure to these firms…

Worse, since it is not just Glencore that the banks are exposed to but very likely the rest of the commodity trading space, their gross exposure blows up to a simply stunning number:

For the banks, of course, Glencore may not be their only exposure in the commodity trading space. We consider that other vehicles such as Trafigura, Vitol and Gunvor may feature on bank balance sheets as well ($100 bn x 4?)

Call it half a trillion dollars in very highly levered exposure to commodities: an asset class that has been crushed in the past year.

The mainstream media is not talking much about any of this yet, and that is probably a good thing.  But behind the scenes, unprecedented moves are already taking place.

When I came across the information that I am about to share with you, I was absolutely stunned.  It comes from Investment Research Dynamics, and it shows very clearly that everything is not “okay” in the financial world…

Something occurred in the banking system in September that required a massive reverse repo operation in order to force the largest ever Treasury collateral injection into the repo market.   Ordinarily the Fed might engage in routine reverse repos as a means of managing the Fed funds rate.   However, as you can see from the graph below, there have been sudden spikes up in the amount of reverse repos that tend to correspond the some kind of crisis – the obvious one being the de facto collapse of the financial system in 2008:

What in the world could possibly cause a spike of that magnitude?

Well, that same article that I just quoted links the troubles at Glencore with this unprecedented intervention…

What’s even more interesting is that the spike-up in reverse repos occurred at the same time – September 16 – that the stock market embarked on an 8-day cliff dive, with the S&P 500 falling 6% in that time period.  You’ll note that this is around the same time that a crash in Glencore stock and bonds began.   It has been suggested by analysts that a default on Glencore credit derivatives either by Glencore or by financial entities using derivatives to bet against that event would be analogous to the “Lehman moment” that triggered the 2008 collapse.

The blame on the general stock market plunge was cast on the Fed’s inability to raise interest rates.  However that seems to be nothing more than a clever cover story for something much more catastrophic which began to develop out sight in the general liquidity functions of the global banking system.

Back in 2008, Lehman Brothers was not “perfectly fine” one day and then suddenly collapsed the next.  There were problems brewing under the surface well in advance.

Well, the same thing is happening now at banking giants such as Deutsche Bank, and at commodity trading firms such as Glencore, Trafigura and The Noble Group. And of course a lot of smaller fish are starting to implode as well.  I found this example posted on Business Insider earlier today…

On September 11, Spruce Alpha, a small hedge fund which is part of a bigger investment group, sent a short report to investors.
The letter said that the $80 million fund had lost 48% in a month, according the performance report seen by Business Insider.
There was no commentary included in the note. No explanation. Just cold hard numbers.

Wow – how do you possibly lose 48 percent in a single month?

It would be hard to do that even if you were actually trying to lose money on purpose.

Sadly, this kind of scenario is going to be repeated over and over as we get even deeper into this crisis.
Meanwhile, our “leaders” continue to tell us that there is nothing to worry about.  For example, just consider what former Fed Chairman Ben Bernanke is saying…

Former Federal Reserve chairman Ben Bernanke doesn’t see any bubbles forming in global markets right right now.
But he doesn’t think you should take his word for it.
And even if you did, that isn’t the right question to ask anyway.
Speaking at a Wall Street Journal event on Wednesday morning, Bernanke said, “I don’t see any obvious major mispricings. Nothing that looks like the housing bubble before the crisis, for example. But you shouldn’t trust me.”

I certainly agree with that last sentence.  Bernanke was the one telling us that there was not going to be a recession back in 2008 even after one had already started.  He was clueless back then and he is clueless today.

Most of our “leaders” either don’t understand what is happening or they are not willing to tell us.  So that means that we have to try to figure things out for ourselves the best that we can.  And right now there are signs all around us that another 2008-style crisis has begun.

Personally, I am hoping that there will be a lot more days like today when the markets were relatively quiet and not much major news happened around the world.  Unfortunately for all of us, these days of relative peace and tranquility are about to come to a very abrupt end.

http://theeconomiccollapseblog.com/archives/global-financial-meltdown-coming-signs-that-the-great-derivatives-crisis-has-now-begun

CNN clearly states ISIS is supported by USA

CNN  CLEARLY  STATES  ISIS  IS  SUPPORTED  BY  THE  (BANKRUPT CORPORATE)  USA  'GOVERNMENT' 

 Oops!  Did CNN Just Admit the U.S. Is Working with ISIS?

 

24 Times Hillary Clinton Championed the Trans-Pacific Partnership

24 AND AGAIN 45 TIMES HILLARY CLINTON CHAMPIONED THE TRANS-PACIFIC PARTNERSHIP WHILE SECRETARY OF STATE - THEN OPPOSED IT!

SHE DOES

SHE DOES

 SHE DOES NOT

 

June 19, 2015 5:00 am
Daniel Bassali contributed to this article.

Hillary Clinton consistently pushed for the Trans-Pacific Partnership trade deal while Secretary of State from 2009 to 2013, but since she left the Obama administration and is now seeking the Democratic presidential nomination, she is hedging her stance.

CNN host Jake Tapper and his staff uncovered 45 examples of Clinton promoting the TPP while secretary of state, and we were able to uncover video of 24 of those instances. In speeches around the world, Clinton touted it as “far-reaching,” “innovative,” “high-quality,” and an “exciting opportunity” for the United States and its potential partners in the Pacific by lowering barriers and getting rid of most tariffs.

Last Sunday, one day after her “re-launch” of her campaign, Clinton had a different tone:

After first dodging the issue, on Sunday in Iowa, Clinton said that “the President should listen to and work with his allies in Congress, starting with (House Minority Leader) Nancy Pelosi, who have expressed their concerns about the impact that a weak agreement would have on our workers, to make sure we get the best, strongest deal possible. And if we don’t get it, there should be no deal.”

Clinton said, “there are some specifics in there that could and should be changed. So I am hoping that’s what happens now — let’s take the lemons and turn it into lemonade.”

But as members of the Obama administration can attest, Clinton was one of the leading drivers of the TPP when Secretary of State.

Now, as the left flank of the Democratic Party has come out strongly against it and dealt Obama an embarrassing legislative defeat last week on trade authority, Clinton seems unsure what the best political step to take is.

During a campaign stop in Des Moines, Iowa Clinton was asked about TPP where she responded that the deal was not fully negotiated and that she did not know the full provisions yet?!!

http://freebeacon.com/politics/24-times-hillary-clinton-championed-the-trans-pacific-partnership-while-secretary-of-state/ 

America Without Electricity

Electromagnetic  Pulse:  One  Day We  Will  Wake  Up  In  An  America  Without  Electricity  And  Society  Will  Totally  Break  Down By Michael Snyder, on October 6th, 2015     What would you do if the power grid went down and never came back up?  One of these days, and it could be a lot sooner than most people think, we will all wake up in a country without electricity.  And considering how utterly dependent we have become on technology, that is a very frightening scenario to consider.   How would Americans react if nothing worked?  Just imagine a world where everything electronic is dead.  I am talking about lights, cell phones, computers, televisions, ATMs, heating and cooling systems, credit card readers, gas pumps, cash registers, refrigerators, hospital equipment etc.   When the power goes out for a few hours, that can be a major inconvenience, but what if it went out all over the nation and it didn’t come back on for months or even years?  This is one of the greatest potential threats that the United States is facing, and yet very few people are even talking about it. An electromagnetic pulse attack could potentially send our nation back to the 1800s in a single moment, but very few of us are equipped to handle life without technology.  Tech guru John McAfee recently wrote an article in which he expressed his belief that 90 percent of the population would be dead within 2 years of such an attack… Experts agree that an all out cyber attack, beginning with an EMP (electromagnetic pulse) attack on our electronic infrastructure, would wipe out 90% of the human population of this country within two years of the attack. That means the death of 270 million people within 24 months after the attack. You may think that is an unreasonably high estimate, but it turns out that it is the exact same number that the EMP Commission used in their report to Congress back in 2008… What would a successful EMP attack look like? The EMP Commission, in 2008, estimated that within 12 months of a nationwide blackout, up to 90% of the U.S. population could possibly perish from starvation, disease and societal breakdown. In 2009 the congressional Commission on the Strategic Posture of the United States, whose co-chairmen were former Secretaries of Defense William Perry and James Schlesinger, concurred with the findings of the EMP Commission and urged immediate action to protect the electric grid. Studies by the National Academy of Sciences, the Department of Energy, the Federal Energy Regulatory Commission and the National Intelligence Council reached similar conclusions. So what has Barack Obama done to protect us from such an attack? Absolutely nothing. But there are others in the government that are very, very concerned about this threat.  For example, NORAD recently moved back into Cheyenne Mountain, and the potential for an EMP attack was given as the primary reason for the move… The Pentagon is moving the headquarters for the North American Aerospace Defense Command (Norad) back into Cheyenne Mountain near Colorado Springs, Colo., a decade after having largely vacated the site. Why the return? Because the enormous bunker in the hollowed-out mountain, built to survive a Cold War-era nuclear conflict, can also resist an electromagnetic-pulse attack, or EMP. America’s military planners recognize the growing threat from an EMP attack by bad actors around the world, in particular North Korea and Iran. An EMP strike, most likely from the detonation of a nuclear weapon in space, would destroy unprotected military and civilian electronics nationwide, blacking out the electric grid and other critical infrastructure for months or years. The staggering human cost of such a catastrophic attack is not difficult to imagine. For years, most experts have assumed that an EMP attack would be conducted by exploding at least one nuclear weapon high up in our atmosphere.  And that could definitely happen someday.  But now governments all over the world are working on other ways to deliver an EMP strike, and many of them do not involve nuclear weapons at all. The U.S. government is among those that have been doing this kind of research.  The U.S. Air Force now reportedly has the capability to conduct an EMP assault against individual buildings or power stations.  The following comes from the Daily Mail… For years, scientists have been attempting to create such a weapon as part of Champ, or the Counter-electronics High-powered microwave Advanced Missile Project. Now, the US Air Force claims it has advanced the technology, and says it can deploy it using the stealthy Joint Air-to-Surface Standoff Missile-Extended Range (JASSM). There are fears a well targeted attack could knock out multiple power stations. ‘This technology marks a new era in modern-day warfare,’ said Keith Coleman, CHAMP program manager for Boeing Phantom Works. And we also know that Russia, China, Iran and North Korea have also been developing EMP weapons.  This next excerpt comes from DefenseNews… The possibility of man-made EMP events has grown in tandem with the technological sophistication of America’s adversaries. It is widely known that both Russia and China already have this capability, and both countries have carried out serious work relating to the generation of EMP in recent years as part of their respective military modernization programs. Now, rogue states Iran and North Korea may not be that far behind. Iran, for example, is known to have simulated a nuclear EMP attack several years ago using short-range missiles launched from a freighter. North Korea, meanwhile, has acquired the blueprints to build an EMP warhead, and in July of 2013, a North Korean freighter made it all the way to the Gulf of Mexico with two nuclear capable missiles in its hold. Why are these other nations developing these technologies? To use them against us someday of course. Many are particularly concerned about what Iran has been doing.  In a piece for an Israeli news source, author Dr. Peter Vincent Pry explained that Iranian military documents actually discuss conducting such an attack against the United States… Iranian military documents describe such a scenario–including a recently translated Iranian military textbook that endorses nuclear EMP attack against the United States. Thus, Iran with a small number of nuclear missiles can by EMP attack threaten the existence of modernity and be the death knell for Western principles of international law, humanism and freedom.  For the first time in history, a failed state like Iran could destroy the most successful societies on Earth and convert an evolving benign world order into world chaos. And it wouldn’t take much to completely disrupt electricity generation in America.  In a previous article, I discussed a Federal Energy Regulatory Commission report which made the following jaw dropping statement… “Destroy nine interconnection substations and a transformer manufacturer and the entire United States grid would be down for at least 18 months, probably longer.” Are you starting to get the picture? We are far more vulnerable than most people realize. And even if we are never attacked by an EMP weapon, scientists tell us that it is inevitable that a massive solar storm will produce a similar result someday anyway.  Back in 1859, a massive solar storm that came to be known as “the Carrington Event” fried telegraph machines all over Europe and North America. NASA says that there is a 12 percent chance that a similar solar storm will hit us within the next ten years, and if that happens the consequences will be absolutely catastrophic… NASA is warning that there’s a 12 percent chance an extreme solar storm will hit Earth in the next decade, sending out massive shock waves that would knock out grids across the world. The economic impact of this doomsday scenario could exceed $2 trillion — or 20 times the cost of Hurricane Katrina, according to the National Academy of Sciences. I don’t know why more people aren’t concerned about this.  There are things that the federal government could do to harden our electrical grid, but they aren’t doing them. This is a foreseeable danger, but our “leaders” are not taking it seriously. And even if nobody ever purposely attacks us, scientists insist that it is only a matter of time before the sun unleashes an electromagnetic pulse that fries our electronics.  In fact, we have had some very close calls in recent years.   The following is an excerpt from a book that I co-authored with Barbara Fix entitled “Get Prepared Now“… Most people have absolutely no idea that the Earth barely missed being fried by a massive EMP burst from the sun in 2012 and in 2013. And earlier in 2014 there was another huge solar storm which would have caused tremendous damage if it had been directed at our planet. If any of those storms would have directly hit us, the result would have been catastrophic. Electrical transformers would have burst into flames, power grids would have gone down and much of our technology would have been fried. In essence, life as we know it would have ceased to exist – at least for a time. These kinds of solar storms have hit the Earth many times before, and experts tell us that it is inevitable that it will happen again. It amazes me that such a small percentage of the population is taking this threat seriously. An electromagnetic pulse could bring down our entire society in a single moment at any time, and all of the experts assure us that it will happen someday. But our politicians are just sitting on their hands and most Americans mock the idea that we need to be concerned about this. http://theeconomiccollapseblog.com/archives/electromagnetic-pulse-one-day-we-will-wake-up-in-an-america-without-electricity-and-society-will-totally-break-down

Trampling the natural right to self-defense

TRAMPLING  THE  NATURAL  RIGHT  TO  SELF-DEFENSE

Hillary would render the Second Amendment a useless dead letter

 

By Andrew P. Napolitano 

Wednesday, October 7, 2015 

 

While the FBI continued to analyze the emails Hillary Rodham Clinton thought she deleted and her advisers pressed her to hire a Republican criminal defense attorney in Washington, a madman used a lawfully purchased handgun to kill a professor and eight students at a community college in Roseburg, Ore. Looking to change the subject away from her emails, Mrs. Clinton was quick to pounce.

She who has ripped into Republicans for seeking political gain from the four American deaths in Benghazi now seeks her own political gain from the dozens of murdered children and young adults in Newtown, Conn., and Roseburg. On the heels of the latter and referring to both tragedies, she launched an emotional attack early this week on the two most recent Supreme Court decisions upholding the personal right to keep and bear arms. She offered to “fix” them should she be elected president.

Her so-called fix consists of a dead-on-arrival legislative proposal making gun manufacturers financially liable for the misuse of their products and an executive order determining the meaning of certain words used in federal statutes.

The liability-shifting proposal is akin to punishing General Motors whenever a drunken driver misuses his Chevy and injures someone. The courts would surely reject that.

The executive order proposal assaults the Constitution. Those in the gun sale business must conduct 
background checks via computer services offered by the FBI. The background checks look for reports of crimes of violence, domestic violence and mental illness. 

Private people who occasionally sell their hardware or give guns as gifts are exempt from conducting background checks. Mrs. Clinton would create a presidentially written and mandated definition of occasional sales and gifts so as to require background checks for all gun transfers — a requirement Congress rejected.

We are 13 months from Election Day 2016, and Mrs. Clinton has already promised that she would rule by pen and phone rather than govern by consensus.

As a lawyer, Mrs. Clinton should know that only the federal courts — not the president — can decide what statutory language means. Moreover, if she knew anything about FBI background checks, she would know that they are only as good as the database on which they rely. If a madman hides his mental illness, no database will reveal it.

Her attacks on the Supreme Court decisions were direct. She rejects their characterization of the right to keep and bear arms as a fundamental right — meaning that it is akin to thought, speech, press, association, worship and travel.

Yet if she were to become president, she would take an oath to uphold the Constitution; that means the Constitution as interpreted by the Supreme Court. 

The presidential oath of office would require that she execute her duties “faithfully — whether she agrees with the law or constitutional provision or not. She apparently has no intention of fulfilling the presidential oath of office.

We are 13 months from Election Day 2016, and Mrs. Clinton has already promised that she would not enforce Supreme Court decisions with which she disagrees.

What did both the Newtown and the Roseburg tragedies have in common? Both murderers were madmen. Yet neither had a record of mental illness, so the background checks the anti-self-defense lobby loves would not have prevented either of these killers from buying a gun and using it to murder indiscriminately. 

If killers are prepared to murder innocent children, does Mrs. Clinton really think they would obey the laws regulating gun ownership?

Both mass murders occurred in no-gun zones. A no-gun zone is the most dangerous place on the planet when a madman intent on killing enters. No-gun zones are arbitrarily designated on public property by local authorities, stripping law-abiding folks of their lawfully owned guns — their natural right to self-defense — and exposing them to terror and death.

The Constitution does not permit public no-gun zones any more than it does public no-free-speech zones. If the right to keep and bear arms is truly fundamental, the government cannot interfere with it based on geography. 

If the Army veteran-college student who stopped seven bullets with his body last week and saved the lives of his classmates (and survived!) had been permitted to carry a gun into the school building, the madman who murdered nine innocents would have been stopped long before police arrived — long before he completed his killings.

The right to keep and bear arms has more than just the Second Amendment to protect it. By characterizing the right as fundamental and pre-political, the high court accepted the truism that this right is merely a modern extension of the ancient right to self-defense. And the right to defend oneself does not come from the government; it comes from our humanity. It is a natural right.

Who among us, when confronted with the terror of nearly certain annihilation, would concern himself with the niceties of the law? Life itself is at stake. The right to self-defense is a manifestation of the natural instinct for survival, borne in the hearts of all rational people.

But Hillary Rodham Clinton rejects that instinct because she prefers we become dependent upon the government — as long as she is running it.

The police cannot stop mass killings, because they cannot be everywhere all the time. And madmen willing to kill do not fear being lawbreakers. Guns in the hands of the people give not only tyrants second thoughts, but also madmen.

Even madmen fear an early death.

• Andrew P. Napolitano, a former judge of the Superior Court of New Jersey, is a contributor to The Washington Times and Fox News. He is the author of seven books on the U.S. Constitution.

http://www.washingtontimes.com/news/2015/oct/7/andrew-napolitano-hillary-clinton-would-crush-seco/

October 5, 2015

This is a notice for the public.   Please post this Press Release on your website for the viewing public. If you have an event section , please post it there.   Along with any Facebook; Twitter, or other media sites you may have.   The event will restore the Rule of Law under our Constitution as a Republican Form of Government.   The event is free and open to the public.   Thank You and God Bless.
                             

                                                                                                                                                                     We The People

PRESS  RELEASE  &  PUBLIC  NOTICE  ADVERTISEMENT

There will be a meeting to elect two Delegates to represent the people of Marion County, Florida in Convention to restore the Rule of Law under our Constitution as a republican Form of Government.
This is an Election to elect two Delegates to represent the people in Marion County Florida in Convention to restore the Rule of Law in Government.

Date: October 10, 2015

Location:  Cohadjoe Park, - Pavilion #1 - 4225 N.E. 35th. Street - Ocala, Florida - 34479
Time: 10:00 AM

Please take notice that this meeting is open to all of the people in Marion County, Florida except for Lawyers and Government Officers. If you receive a payment or remuneration from the Public treasury you are bias and cannot attend this meeting.
Sent out email on: October 5, 2015 

Posted by FreeDom, on behalf of Ayers

We Are Entering the Time of Financial Collapse

We Are Entering the Time of Financial Collapse Point-V the Guerrilla Economist....

Wednesday, October 7, 2015 9:1

(Before It's News)

By Greg Hunter’s USAWatchdog.com

“V, the Guerrilla Economist” says we have reached the point of no return in the global financial system. “V” explains, “We are entering a time which I call the collapse point. At the collapse point, there is going to be massive systemic shock. Why? Because you have one paradigm and one system being done away with, which is the dollar. It is going to be replaced by a new system. During that transition period, you cannot expect to trade anything because what do you trade it in? That’s why the Chinese are gearing up their own gold price fix. Once that collapse point happens and the world reels from the systemic shock, the Chinese gold price fix and the BRICS system will be there to fill in that vacuum. That is what’s being set up right now.”
“V” uses an anonymous name because he says if his cover is blown, he would lose business and his global high ranking financial sources. So, what will the collapse look like for the man in the street here in America? “V” says, “I was on a conference call at the beginning of the year. On that call were seven guys and some of the smartest people in the world.   They work in various sectors of government and various sectors of the military, and the question was asked what does an economic collapse in the United States look like? The initial, unanimous answer was you can expect anywhere from 25 million to 50 million dead in the first 90 days. I almost fell off my chair. Then they said, it’s real simple. You are going to have people dropping dead from violence, looting, rioting, lack of medication; we are the most medicated country on the planet. People also will be dropping dead from starvation, dehydration and disease. That’s going to kill a large swath of people. If you look at the big population centers: in New York you got 8 million people, in L.A. you got a couple of million. It would be very easy to rapidly build those death numbers up.”
Can you survive the crash here in the U.S.? “V” says, “My people say you need to have enough food and supplies for three months. I say to be safe, you should have supplies for six months. . . . My hope and prayer is “We the People” get this government and these things under control and prosecute these criminals at some point. . . . You cannot stop what is coming. You cannot stop this collapse. It’s too far gone and too far forward. You are not going to stop it, but right now, the race is for who is going to win on the other side. Is it going to be us, the American people? Or is it going to be the criminal cabal that is running D.C. right now. They have already made a pact or a promise to do whatever it takes for them to hold on to power on the other side of this thing. You’ve got to understand, the economy is weak and these guys are weak, as well. They have never been weaker.”
So, does the collapse point happen this year? “V” predicts, “No crash this year. You will have major geopolitical events. The dollar will be undermined. The petro dollar will come to an end by the end of 2015. There will be no market crash this year.”
What about gold and silver prices? Will they vault higher this year? “V” says, “No, but I expect them to vault higher by the middle of 2016.”
Join Greg Hunter as he goes One-on-One with “V, the Guerrilla Economist” of RogueMoney.net.
(There is much more in the video interview.)

After the Interview:
“V” adds one caveat to the “no collapse this year” prediction. He says if Saudi Arabia stops selling oil exclusively in dollars or if the Kingdom gets overrun and falls—all bets are off. A financial collapse would begin almost immediately. “V” says keep an eye on Saudi Arabia. There is free information and articles on RogueMoney.net

 http://usawatchdog.com/we-are-entering-the-time-of-financial-collapse-point-v-the-guerrilla-economist/

Russian Jets ‘Intercept’ US Predator Drones Over Syria -Video....

Thursday, October 8, 2015 10:21

 

(Before It's News)

Published on Oct 8, 2015

Russian fighter jets shadowed U.S. predator drones on at least three separate occasions high above Syria since the start of Russia’s air campaign last week, according to two U.S. officials briefed on this latest intelligence from the region.http://www.infowars.com/russian-jets-…

Brzezinski’s comment exposes US assets in Syria: Scholar......

Brzezinski’s comment exposes US assets in Syria: Scholar......

                

Tue Oct 6, 2015 7:40PM

Brzezinski’s assertion that the US should retaliate against Moscow for Russian airstrikes against US assets in Syria is a stunning admission, Dr. Kevin Barrett says.

 

CLICK....

http://www.presstv.ir/Detail/2015/10/06/432288/US-Syria-assets-


Former US national security adviser  Zbigniew Brzezinski’s assertion that Washington should retaliate against Moscow for Russian airstrikes against US assets in Syria is a “stunning admission” of the role America has played in the Syrian crisis, an American scholar in Wisconsin says.
Dr. Kevin Barrett, a founding member of the Muslim-Jewish-Christian Alliance, made the remarks in a phone interview with Press TV on Tuesday while commenting on Brzezinski’s latest article about Russia in the Financial Times.
Brzezinski advised President Barack Obama to attempt to disarm the Russians if they keep attacking the CIA-trained militants in Syria.
"The Russian naval and air presences in Syria are vulnerable, isolated geographically from their homeland," Brzezinski wrote on Sunday. "They could be 'disarmed' if they persist in provoking the US."
Dr. Barrett said that it is “a stunning admission from a senior high-level policy adviser here in the US that the US in fact using al-Qaeda, or perhaps the Islamic State [the Daesh/ISIL terrorist group] as well, as assets.”
“This is not something that is normally admitted by officials from Washington, DC, that is that al-Qaeda in Syria, the al-Nusra Front, is actually a US ally,” he added.
Brzezinski wrote that Moscow's apparent decision to strike CIA’s militants "at best" reflects "Russian military incompetence," and worst, "evidence of a dangerous desire to highlight American political impotence.” He added that if Moscow continues to target these people, then Washington should retaliate against Russians.
Commenting to Press TV, Dr. Barrett said that “the American people will be very interested to hear that just 14 years after the attacks of September 11th, 2001, which were officially blamed on al-Qaeda - which even then was called by some people al-CIA-duh, having had relationships with the US in the Afghan jihad against the Soviet Union - that this supposedly demonized enemy group that we were told was responsible for killing 3,000 Americans on September 11th, 2001 is now our ally in Syria, and we should to go war with Russia and risk a nuclear war that could end life on the planet in order to punish Russia for fighting against al-Qaeda.”
“It’s kind of mind-boggling that anyone could even imagine the US retaliating  against Russia for Russia’s attacks on al-Qaeda, but that’s precisely what Brzezinski said,” he stated.
“And Brzezinski, for better of course, is actually considered one of the more sensible and level-headed people in Washington, DC which tells you something about other people around him, the neoconservatives who are much crazier than even he is,” said Dr. Barrett, the author of Questioning the War on Terror.
“I guess to explain this, we have just to note Brzezinski’s background; he is from a Polish nobility kind of family background which explains why he hates Russia so much, and has been trying to push aggressive policies against Russia throughout his whole life,” he pointed out.
“But it’s still stunning and disgraceful that when Russia has intervened at the behest of the Syrian government, which is fully legitimate under international law, to shore up that government against these [terrorist] groups like al-Nusra and the Islamic State in order to try to stabilize the situation and lay the groundwork for a kind of peaceful solution, that the response from Brzezinski would be that we need to attack Russia,” Dr. Barrett observed.

FLEE THE CITES: THE BIBLICAL CASE FOR BUGGING OUT.....

Flee The Cities: The Biblical Case For Bugging Out....

Written by: Rich M 

Many survival writers and instructors have tackled the problematic question of bugging out versus bugging in. For the most part, we all say that the average person is better off bugging in, than they are bugging out. I’ve taken that stand myself on more than one occasion, but I’m not so sure that the Lord agrees with me.
Jesus Himself actually addressed this issue in the Gospel of Matthew, saying:

When ye therefore shall see the abomination of desolation, spoken of by Daniel the prophet, stand in the holy place, (whoso readeth, let him understand) 16 Then let them which be in Judea flee into the mountains. 17 Let him which is on the housetop not come down to take any thing out of his house: 18 Neither let him which is in the field return back to take his clothes. (Matthew 24:15-18)

This is about as clear a description of bugging out as you can ask for, taking into account biblical language, as compared to today’s language. The term “bugging out” wasn’t part of the ancient Hebrew language, nor was it part of their culture. Nevertheless, we find Jesus admonishing those who were listening to Him to flee when the abomination of desolation should appear.
The first question that this section of Scripture begs is: What is this abomination of desolation? There are many ways that that phrase can be understood, both in a cultural context of that day, as well as taking it to be in reference to End Time theology. The fact that reference is made to Daniel’s prophecy makes us quickly jump to thinking of End Time theology, but Daniel’s prophecies actually started being fulfilled long ago. So, it could refer to events in Jesus’ time.
If you look at most commentaries, you’ll find that this abomination of desolation refers to the Roman army and their destruction of Jerusalem in 70 A.D. That would tend to close the story, showing us that prophecy had been fulfilled and we need not concern ourselves with this verse — except for one thing … the context.
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When we talk about context, we are asking ourselves two things: Who was he talking to and in regards to what? This is extremely important, especially when we are talking about biblical prophecy. It is always imperative in biblical interpretation to take context into account. Most false doctrine comes about from failure to obey this one precept.
Earlier in the chapter we find the answer to those questions. It says in verse three that “…the disciples came to him privately, saying, ‘Tell us, when shall these things be? And what shall be the sign of thy coming, and of the end of the world?'”
This then answers the question of who Jesus was talking to and in what context. He was talking to His disciples, in private, responding to a question about His return and the End Times. This is important, because even though He hid many things from the crowds who gathered to hear Him speak, Jesus was always honest in answering His chosen disciples.
So, while Jesus might have made reference to the destruction of Jerusalem in this passage, we also know that He was talking to His disciples about His return and the End Times. That puts the verse into a totally different timeframe. This is no longer something that just referred to the Jews or to His disciples, but it is something that applies to every believer from the time of Christ up until the End Times have been completed. Since that hasn’t happened yet, that includes us as well.
Before giving this instruction, Jesus gives His disciples a number of “signs” that the end is coming:

For many shall come in my name, saying, I am Christ; and shall deceive many. 6 And ye shall hear of wars and rumors of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet. 7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places. 8 All these are the beginning of sorrows. Matthew 24:5-8

These signs have been used throughout the ages to say that the time of the Lord’s return is near. But tell me, when in the history of the world have there not been wars, rumors of wars, famines, pestilences and earthquakes? There always have been and there always will be. That isn’t the answer. In fact, right in the middle of all that, Jesus said, “all these things must come to pass, but the end is not yet.”
Jesus refers to those times as “the beginning of sorrows.” What an apt name. Whenever any of those events happen, they bring sorrow, regardless of whether they are connected to the End Time prophecy or not. No, they aren’t portents of the End Times; they are just the problems of life.
So, what is the sign of the end coming, then? If we go back to verse 15, we see it; the “abomination of desolation.” Jesus is clear. He says that when we see that sign, then we are to flee; then we are to “bug out.” But what is the abomination of desolation?
That we don’t know. If we were to take it as the Roman Army, as many have, then we could say that UN troops rolling down the road would be that sign. But UN troops have rolled down many roads around the world in the last 50 years, without the end coming. So, I would have to say that this would be a false sign, nothing more.
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In reality, we don’t know what this name refers to. We just know that it is associated with End Time prophecy and that when it comes, it’s time to flee.
Historically, mankind has been very poor at interpreting prophecy before it happens. Perhaps that’s because we’re not supposed to be able to identify it before it happens, but rather, as it’s happening. We can look back and see prophecy fulfilled, but when we look forward to see it coming, we tend to misinterpret it. Even our greatest End Times theologians are probably making mistakes in their interpretation. We will never know until those events come to pass.
We do know the end is coming. We also know that it will be a worldwide event. We also know, from what Jesus said in these verses, that when it comes, we’d better get out of town. So I would say prudence is our best course of action. When a worldwide catastrophe comes, it’s time to grab out survival kits or bug-out bags, and head for the hills. For that matter, we’d better have our bags with us, because Jesus warns us not to go into our homes to grab them.
Why would Jesus say this? Clearly He knows things that we don’t. He has already foreseen these events and knows exactly what is going to happen. In the light of this, He is giving us a warning: Get out.
So, I don’t know about you, but if I see a worldwide event unfolding around us, I’m fleeing. I’ll figure out if I’m right or wrong later.
In the larger sense, there is some wisdom in bugging out. In almost any disaster scenario you can imagine, city dwellers will have a harder time than those in the suburbs, and those in the suburbs will have a harder time than those in rural areas. So, maybe it’s time to rethink our philosophy. If the Lord says it’s better to flee than to be caught in the city, who are we to argue?
Obviously, that means having a plan, a destination and the proper preparations in place to survive, once we bug out. While Jesus may say run, without returning to the house to grab your coat, there’s nothing wrong with being prepared. Yes, we must put our trust in Him, but we are responsible for doing our own part as well.

3 Reasons Pistol-Caliber Carbines ‘Outgun’ Everything Else........

        

3 Reasons Pistol-Caliber Carbines ‘Outgun’ Everything Else........

Written by: Kevin Danielsen Self Defense  

Each weapon in your home armory is there for its own unique purpose. While that polished 1950s-era coach gun might have secured its spot as your safe queen, your other rifles and handguns were likely purchased for more active roles. And whether for hunting or for tactical applications, a weapon should fulfill the reason why you own it.
In an emergency situation, the mission at hand might be somewhere between a long-range engagement and an up-close defensive scenario. It is in such a situation that a pistol-caliber carbine rifle system could be the perfect sidekick.
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Pistol-caliber carbine rifle systems are very literally in a class of their own. What exactly is the point of this class?
I could agree that for most close-quarters combat (CQB) applications, you might as well just go with an AK-47. However, depending on JUST how close, how many threats and how fast you need to move from one target to the next, you’d theoretically be able to outgun an AK with something that’s more maneuverable, lighter and has less recoil.
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At the same time, where a handgun falls short is when sight picture stability is needed for a target that’s more than 20 yards, or so, away. I’d want to draw my Glock at 0 to 10 yards, and I’d want to run an AK for those 25- to 100-yard engagements. But what about that 10- to 25-yard gap?
That’s when I want a pistol-caliber carbine rifle. Two of my favorites are the Kel-Tec Sub 2000 and the Beretta Cx4 Storm, and I’ll discuss those more in detail below.
Here are the advantages of carrying a pistol-caliber carbine rifle:
1. You Can Maneuver in a Tight Spot to Avoid a Sticky Situation
I’d grab my AR-15 once I’ve reached more open areas, or perhaps a Springfield XD if I’m in a back alley and someone jeopardizes my life and limb.
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But aside from those types of scenarios, I’d pick a pistol-caliber carbine for those trickier 5 to 75 yarders, such as urban-to-rural bugout and home-defensive situations. For one, pistol-caliber carbines are just amazingly maneuverable. Take a look at the TNP run-n’-gun footage below:
As he was running the Sub 2000 through the “trenches” (which I believe is called “The Sledgehammer”), I noticed two interesting points:

• First, there’s no way I could hit those longer-range targets with the same speed and accuracy with a handgun. At the same time, there would be little noticeable speed/accuracy advantage in using a full-blown battle rifle.
• Second, he was able to hit targets with an effectiveness comparable to that of a handgun, but also have more maneuverability and speed.

2. You Can Run Them Seamlessly With Your Glock or Beretta
One of my absolute favorite parts about the Sub 2000 and the Cx4 Storm systems is the fact that they’re built for gorgeous integration with certain handguns. For instance, here’s a list of handgun magazines that the Sub 2000 will take (based on which model you purchase):
For the 9mm chambering:

• Glock 17
• Glock 19
• Smith & Wesson Model 59
• Beretta 92
• SIG Sauer P226

For the .40 S&W:

• Glock 22
• Glock 23
• Smith & Wesson Model 4006
• Beretta 96
• SIG Sauer P226

One of the reasons why I’d go with the Glock 19 or 23 models of the Sub 2000 is because it will accept those huge, 33-round Glock magazines. The G17 or 22 models aren’t able to accept mags from their smaller compact counterparts.
And whereas the Cx4 Storm might not have nearly the magazine diversity options, it’s still designed to accept your Beretta Px4 magazines because it’s practically the same exact platform as its pistol counterpart: the Px4. The only difference is the addition of the buttstock, the barrel length and the aesthetics.
Why is this important? Well, when situations get lively, I like things simple. One great way to promote such simplicity is to require only one type of magazine for both weapons.
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3. Comfy Ergonomics + Featherweight + Reflex Optics = High-Speed Lethality
I’m not saying that AR/AK systems are inadequate for CQB applications. I am saying that pistol-caliber carbines offer a few additional advantages over battle rifles for those particular scenarios. For instance, having mentioned the aspect of maneuverability before, here’s a huge reason why the advantage goes to the PCC on this point. Compare the weights below:

• Kel-Tec Sub 2000 – 4 pounds
• Beretta Cx4 Storm – 5.68 pounds
• AR-15 – 5.5 to 8.5 pounds

Granted, the featherweight AR beat the stock Cx4 by weighing in at only .18 pounds lighter. However, those weights aren’t based on a fully loaded weapon. And a 5.5-pound AR-15 is uniquely made for its weight, likely forsaking its own design capabilities to reach out and touch someone at 300 yards.
In that sense, you might as well just go with the Cx4 (and most certainly the 4-pound Sub 2000) for a run-n’-gun scenario. In most cases, your typical ARs should be about 6 to 7 pounds, with an overall standard length of 39.5 inches. Both the Cx4 and the Sub 2000, however, are about 29-inches from buttstock to muzzle.
This is one reason why the sheer ergonomics and weight would make a downright lethal combination, especially if a reflex-style optic were mounted. Essentially, that would allow the operator to engage a single target at stunning speed – and even move quickly to engage multiple targets in a single, fast-moving fight.
Final Thoughts
Super short, pistol-caliber rifles do have their place among the more lethal firearms. This is because force-on-force engagements often occur at closer ranges. Sure, it’s possible to get an exchange of fire out to 200 yards or so. But if each opponent has been tactically maneuvered into a range of 0 to 50 yards, that’s when the stakes become desperately high. Then it’s the best-trained and properly armed team that will be standing when the battle is over.