Tuesday, March 18, 2014

Elizabeth Whitney 11-16-13… “Conversations with Cobra, Chapter I”

Elizabeth Whitney 11-16-13… “Conversations with Cobra, Chapter I”

Posted on by kauilapele

Here is the first interview Elizabeth did with Cobra. There is a lot of basic Cobra information here, including exactly what is “The Event”, what will the process be, and many other things. This may be a very helpful review of what will be (is) happening, to prepare for the changes which are upon us.
Here is a link to Chapter II.
Thank you again, Elizabeth
Conversations With Cobra, Chapter One
Interview Transcription: Elizabeth Whitney and Cobra
Recorded by Skype in Point Reyes Station, November 16, 2013

Elizabeth: I’d like to start our conversation with a big overview of the Fukushima situation, largely because so many people here on the west coast have expressed a lot of anxiety about it. There was something in our paper today from one of the columnists about not eating seafood. If you could give us a little different perspective on that situation, how it happened and what’s going on now and what the prognosis is, that would be a very helpful way to introduce where you are coming from.
COBRA: This Fukushima situation is a creation of the Jesuits. [Cobra means a small faction of the Cabal within the Jesuits representing about 10% of the Jesuit community.] The reason they triggered this false flag event was they wanted to exert pressure on Japan to get more funds for their operations. It is interesting to know that this event happened on March 11, 2011, which was one day before Uranus entered a new 84 -year cycle. So the moment of this was chosen according to astrological constellations. The second purpose of this event was to put more fear into the general human population because the vibrational frequency of fear is the frequency that allows the controllers to maintain control over the human population. I would say that most stories about radiation are exaggeration. I have seen reports of actual measurements of radiation exposure in California and they are not above normal. Everything is as it was before the Fukushima event. So this is a short overview of the situation.
E: When you say this event was created as a retaliation or blackmail, it is hard to absorb that this kind of thing is going on and we don’t see any news about it or investigation or signs of it going on. Is there a way that we can become more conscious of the actual facts of how these things play out?
C: Most of those pressures are happening behind the scenes and of course they will not be reported in the mainstream media. There are some reports in the alternative media about it, but not much.
E. Also, you’ve said that after what we are going to talk about as the Event, there will be help, extraterrestrial help, in cleaning up the radiation that exists there. I wonder if you want to talk that a little bit about that and even describe what it would be like to have this kind of participation.
C: After the Event, and especially after the first contact, the positive extraterrestrial races will use their technology not only to remove excessive radiation from Fukushima, but to actually restore ecological balance throughout the planet. One of the top priorities will be to remove radiation and various poisonous substances from many nuclear power plants in other locations around the planet, not only Fukushima but also Chernobyl and other locations. They will then continue with restoring the ecosystem of the planet and it will be quite a fast operation in human standards. After the First Contact, in a few months, the situation on the planet will be much, much better.
They have advanced technology. Of course, they have complete control over matter so they can actually disintegrate all harmful substances in a matter of seconds. It is not a problem for them. It is just a matter of humanity having the right consciousness and understanding to accept and receive that technology. That is why the Event needs to happen first, the removal the Cabal needs to happen first, so the Light Forces can then use the mass media to educate the human population, so when these things do happen the human population will have an understanding and also an active participation in that purification process.
E: So, the Event, which we can begin to talk about now, really is the clearing of the resistance that is within us, through these implants and through this programming, to even imagine this scale of operation and to be emotionally ready to consider that this is an evolution of our own consciousness rather than an outside, kind of overwhelming, influence. Is that a good way to talk about it?
C: Yes. One of the main factors in the Event will be the education of the masses, because the reality on this planet is so much beyond what is currently being portrayed by the mass media, so human beings will need to have some time to integrate this vast shift of perspective. This will happen especially because it will be done in a positive environment and in a positive environment human beings have a very fast learning curve. It will not be that difficult for most people to accept the reality of those changes. It will be far more difficult for people to comprehend nature of the controlling forces that were controlling humanity and their actions in the past. This will be the most dramatic part of the learning process and it will be very emotional.
E: OK, I can certainly imagine that. I am wondering what preparation we can make preceding the event. We’re anticipating it, we’re learning about it…How can we begin to help integrate this information and share it in ways that don’t alert everybody’s skepticism and so on? You are perfectly aware of the climate of receptivity that exists to some of this information here. What is a good way to look at building a foundation in which it can happen?
C: O.K. It would be the best to start with the financial system, because almost everybody on this planet is aware that something is wrong with the current financial system. There is a group of I would call central bankers that control the financial situation on the planet. And I think most of the people will be willing to accept that as a fact. We can start from there. From that point we can educate people on the nature of that control and that it extends beyond the financial system, because the same group that controls the finances controls the mass media and controls the whole information of humanity. We can go from there. So we can then begin to educate people that there are also good forces on the planet that are working to counteract the plan of those controllers, actually to liberate humanity, and the Event is actually the culmination of their plans. And of course it is quite natural to understand that their plans were secret in the past because it is a war between light and dark. And now we are getting closer to the actual liberation itself, that we are getting closer that to the final victory, more and more of this is becoming public. And there will be evidence when the time is right.
E. Even now, are we beginning to see some previews of this in some of the things that are happening politically? Are there some signs that you can point to that are already in our news?
C: Most senior government officials on the planet are aware that something is going on. Most of those people are aware of the so-called Eastern Alliance. It is not just the BRICS countries. It is actually an alliance that has its aim of reshaping the future of the planet, restructuring the financial system and getting rid of the Cabal, of the controlling forces. You can see the political actions in many countries on this planet “estio mons” — speak volumes. You can see people are beginning to respond to this new reality. Countries are adapting to this new reality by aligning against the Cabal, aligning against the controlling banking system, creating alternatives all over the planet. For example, Brazil announced the formation of the new independent Internet…encrypted emails for every Brazilian citizen. This is something that is happening right now. Many things like this are happening all over the world right now. This is because the awareness of the citizens is arising and also people are aware that something will happen and they are preparing for it.
E: And how do you see this being played out in the American political system? Do you see some signs that Obama and some of the other light workers in power are feeling more confident that they can proceed, that some of the constraints that have plagued them are being lifted?
C: The most dangerous faction of the Cabal is located in the United States. The tension between the light forces, which are present inside the government structure everywhere, and the dark forces, which are also present in the United States government structure everywhere–there is a very strong internal tension right now which can be felt. But nothing is coming to the surface because those scenes are happening behind the scenes. Elsewhere in the world you can see many changes. But the United States will be the last country on the planet where those changes will happen, and when they happen in the United States it will be the moment of the breakthrough. Because it is the turning point. The United States is the key trigger point for the Event to happen. When you see changes in the political system of the United States, then you know it is time.
E. Is there is a reason why the United States had taken this role of the turning point? Is it because the Cabal has been more entrenched here?
C: Yes, I will explain. It is a historical process. Many souls who are incarnating in this time have chosen to incarnate in the United States. Many of the brightest souls have incarnated in the United States in the span of the last 150 years. In response to their light, the Cabal had to put their strongest control there to prevent a breakthrough. This has been the focal point of this planetary struggle between the light and dark for the last 100 years at least. When the breakthrough happens, it will happen through United States.
E. When you talk about the war of the light and the dark, was this an inevitable way that this change had to come? Were there circumstances somewhere along the way that shifted us into this high drama version of how we would make an evolutionary change? Will we have a perspective on this at some point — why it had to go through this traumatic cycle?
C: For most of humanity, it is happening much easier than it was expected. It is because of all the action of light workers that this transition is not as rough as it could be. We have avoided a third world war, which was a possibility, but not any more. We have avoided drastic planetary cataclysms also. None of this is going to happen. Yes, there is some discomfort, there is some struggle, but if there would be more awareness, there would be less of this. The amount of struggle is in direct proportion to the lack of consciousness and awareness.
E: Then the control of the media, something I observed in my lifetime–the deterioration of responsible media–what I have noticed is that this conditioning through this disinformation is very, very strong in the sense that it has given people no bearings to try to sort out who is telling the truth. I feel that the way you have presented some information, by coupling this with the meditation practices and other ways to get people more connected to their own ability to choose between alterative ideas of what’s going on… Is that how you also see us, struggling to find ourselves emancipated from having outside authority always telling us what is going on and getting more direct connection to truth? So that we can hear truth and go, “That’s true. I don’t know why but I know it.” Is that kind of a goal of our own consciousness?
C: The key is to go inside for guidance. Inner guidance is key. I would say intuition coupled with highly skilled rational mind that is not blocking the intuition but is supporting and working together with intuition. That can get you much further than the mass media or any other external information source. As you already said, most of those sources have been compromised.
E: Yes. Let’s go back to your role. It seems to me that you have come forth as a voice of clear information and, of course, a lot of things you have revealed in your interviews and so on are fascinating and mind-boggling. Could you begin by talking about what your perspective is on this planet and your place in it and how you have even evolved as it unfolded? I think people are going to be fascinated by you and then by others who may come forward with their stories.
C: At this point I am the spokesperson for the Resistance Movement, and I did not become that by choice; actually it was a result of my life situation. Many years ago, I was attacked by the dark forces when I divulged certain information, certain intel, that was obviously…some people reacted quite strongly to that. I didn’t know that at the time. I was protected by the Resistance and they gave me some instructions and this led to a long cooperation. At this point I am representing them on the surface of the planet. I like to do it because those people are my brothers and sisters–they are my only family. Basically, I would say that my position on the surface of the planet is temporary. I am not going to stay here forever. I am just going to be here to fulfill my mission, to complete my mission, and then my path goes beyond the surface of this planet.
E: You call yourself Pleiadian. I don’t know what that actually means. I don’t know what that identity literally describes.
C: Every soul begins its life path its evolution path in the center of the galaxy–in this galaxy or some other galaxy. Then it goes from one star system to another to gain experience. My soul, my own presence, my major experience was in the Pleiadian star system, so most of my energy signature is Pleiadian by origin. The only difference from most people is that I am aware of this.
E: We all have made this kind of a journey, too, though star systems?
C: Most human beings that are present on the planet have been created in this planetary system, but there are many who have come here to this planet from other star systems, most of them to raise the vibrational frequency on the planet. There also beings who came here from other star systems to assist the controlling forces, so there are a mixture of various races here on the planet.
E: Was this also a necessity to generate the kind of energy that this transformation needs that it would draw from all of the galaxy to produce? I’m sensing that it is sort of like a thing that has to create a certain kind of dynamic to generate the transformation. So, rather than looking at the whole thing as a drama that is unfortunate because there was so much suffering, do we begin to look at this as a drama that has to do with the operation of energetic forces in creation?
C: Yes, you can look at it from any perspective you wish. It is the human being that creates the perspective.
E. OK. It is also for me very interesting that it feels as if we are writing a new story about who we are. We are creating a new collective myth, you could say, a truth that actually does fit a lot of the ways that we have expressed ourselves in the arts. We have been fascinated with this idea of Star Wars. We’ve been fascinated with this idea of the great battle of the light and the dark, as if it was always built into us and that this would come out as an actuality.
C: This myth is a reflection of the reality of the situation. I understand that we are at the beginning stages of completely new myth, a completely new belief system, a completely new paradigm that will go beyond that. I think 100 years from now nobody will worry about dark forces or even think about it any longer. It will be an obscure notion from the past–a long time ago, things like that happened, but they will be so beyond that. A completely new evolution will open for humanity that nobody will be bothered anymore about the troubled past of humanity. It is a birth of a new renaissance that is happening now. We are at such an early stage of the creation of this new myth that we are not able to comprehend where we are going.
E: Exactly. I totally concur with that from the information that I have worked with. You’ve said in some of your interviews that this is the last place where this dark energy has anchored in this galaxy, so when it is gone, when it is cleared from here, it’s gone. So, that is also a pretty strong mythic identity, to be holding the last place where this darkness exists, and when it is gone it is released from this whole galaxy. I have heard from people who channel that we are regarded as very heroic here on this planet because of what we have put up with. Is that a good way to look at it? This huge thing is way bigger than our little planet and its fate, allowing the whole galaxy to be free of this…
C: Yes, yes! It’s true. It’s true. And it’s not just as small planet. We are not just here by chance. We knew that we were going to go here for this particular mission. It was not anticipated it would be last the planet to be liberated. The plan was a little bit different but the reality changed and now we are on the planet that is the last planet to be liberated. So it is a very special place and we are in a very special period of our destiny. And, yes, we are heroes because what we do to form an opposition in the face of all this control is a heroic act. For everybody that is standing against this oppression, he or she is a hero in this space and time.
E: Do you want describe some of the activations and clearing of these portals that you’ve been working with and how we can also participate in that? That whole scenario of the blocked portals that kept good energies from flowing forth, like the Goddess energy, and how we clear them? I think that’s of interest to a lot of people.
C: It’s a process. Each portal that we activate brings us closer to the final goal of completely clearing the etheric plane. The Archons had invaded the etheric plane 25,000 years ago and were closing off one vortex after the other. This process was completed about 1,600 years ago when the Roman Catholic cults completely suppressed the Goddess energy on the planet. On each of those vortex points when we had temples of the goddess before there was a catholic church. This was the completion of the dark creed. Then you know what happened; we had the dark ages, the Middle Ages. Then about 500 years ago the first Renaissance brought the beginning of the process of planetary purification. We have now reached a point in the last few years when we are in the final stages of that purification. Each of the portals we activate brings us closer to the final goal of complete liberation of the etheric plane. As soon as the etheric plane is liberated, extremely fast the physical plane is going to follow. And then we are free.
E: Could you just talk about what these portals are? What is their dynamic? How would we know if we were living near one? What kind of energy is it that that we could discover or is it very esoteric to even try to understand that?
C: A dimension portal is a double vortex of energy that actually transmits energy between different dimensions. Then the energy can be used. It is a neutral energy. You can use if for good purposes or somebody could use it for not-so-good purposes. When the portal is activated property, it can become a very strong, supportive vortex for the light. It can actually change the energetic signature of that area. It can improve the living conditions of the people, their well-being. This is the reason why we are going from place to place activating those portals. If we have a mass meditation on a certain specific date, that can trigger the opening of that portal, it can have a planetary global effect of improving the planetary situation.
E: Do you want describe the activation that is coming up on the 23rd [of November], the context of that date and the place that you’ve chosen to do the work?
C: It is actually the Shift of the Ages. It is the moment astrologically speaking that we are entering a new cycle. The old cycle did not end on December 21 last year as many people have realized. The actual turning point is now in November. It will not manifest outwardly as anything special but energetically speaking it will be the peak of transition. From that point on the light forces will have much more power; they will have much more initiative on this planet and the dark forces will be on retreat from that day on. They will be in defensive from that day on. We have chosen Florence in Italy because we are grounding the energies of the new Renaissance, and Florence was the anchor point for the first Renaissance, where a process of planetary purification started about 500 years ago. Now we are anchoring the same energy on a higher octave in the same place that will allow us to bring this new myth that we were speaking about, this new collective story that will not include the darkness.
E: It is a pretty exciting opportunity to be conscious of all this! How do you see all of us helping? I know you put on your website the time of a synchronized meditation and so on. Is that the best way to feel connected to this and make your presence felt for as many people we can reach as possible?
C: Yes. There are a few things that you can do. Number one is to join our weekly meditation group each Sunday, different time zones of course, but each Sunday it is happening around the world at the same moment. The more people who will get into this, the more effect it will have. We not yet reached the critical mass, that’s why we don’t have the result we want. If we get more people, we will be more powerful. Then of course you can join our major planetary activation portals. For example, we had a peace portal activation on August 25. We had masses of people joining; we reached the critical mass. Just the video alone was seen by a quarter of a million people. You can see the results were very, very direct and very dramatic. We have prevented a military invasion in Syria as a result of the activation of the Peace Portal, so this was a huge accomplishment. If people participate in the following activations, the first on 23rd November and there will be more, then we can get more results. And the third thing that is very important at this time is the creation of event support groups. Event support groups are groups that meet physically once a week at least to hold the energy of preparation for the Event, to hold the energy of awareness of the Event, and when the Event happens those groups will serve as communication centers and will give advice to confused human population. There are many things that you can do.
E. Describe the Event again for those hearing this for the first time…
C: OK, I will describe this briefly. The first aspect of the Event is the reset of the financial system. The reset of the financial system will end the current imbalances that are one of the major sources of suffering on the planet. The new financial system will be transparent and fair to everybody. The second aspect of this reset is the arrest of the members of the controlling forces of the Cabal, of those people who were actually enslaving humanity for all those centuries. The third aspect of the Event is finally the truth will begin to be released through the mass media, truth about the planetary situation, truth about our history, truth about UFOs, about extraterrestrial contact, about free energy, about true physics, about everything–will be released finally to the mass population. There will also be the non-physical aspect of the Event, which will be a flash, the wave of energy from coming from the galactic central sun. Many people who are more spiritually aware will be able to feel that flash. That will begin a process of mass awakening that will go across humanity after the Event.
E: So, it is pretty safe to say that none of us will be the same after the Event.
C: None of us will be the same. It will be beyond our expectations.
E. It is so remarkable to hear this kind of information. I’m wondering, do you feel supported across the board from other psychic-type people and other people involved in all this supporting this whole scenario? I’ve looked around a lot to see how people are talking about things and I just wonder whether it is something that you feel is being effectively supported or do you feel it is this group that you’ve identified as putting it out. I’m floundering a bit here, but I just wonder how all this is seeming to you?
C: Well, you see, I create my own reality, and I just connect with people who are understanding this. Most people I am connected with have a similar perspective on this. I don’t have much contact with the general population who might not know about it. Of course, there are many people who are skeptical about this and those people who are skeptical will be more convinced, naturally, when things start to happen, when there will be physical evidence. Of course, most people will believe their own eyes. I would say to most people: wait and see what happens. I’m just giving information in advance so people are prepared; I’m not trying to convince anybody. I’m just presenting information because I have received it.
E: That’s true. That’s the essence of how it comes. The messengers come and here’s the message. It is another round of information that transforms us to learn a lot more about who we really are and how our roots go into other dimensions and what our potential future is. I’m finding it interesting to be among people who are aware of this and to not be able to look at the world that is being expressed around me, and people’s ideas about what they are going to do next summer and how they are going to do this and that. You sort of can’t go there any more when you know that this incredible change is imminent. It’s an interesting surreal life to lead. I imagine you are hearing that from other people, too.
C: Yes, yes.
E: Do you have any advice? For living in this kind of a time? Or just…
C: Just be in the now. Be in this moment. Of course you can make plans. It’s always in life like this that you can make plans and of course things will happen in completely unexpected ways.
E: And that’s the advice that we’ve all heard that applies to our life challenges. So much of what we think of as problems are things we think up in our head and haven’t happened yet, so now we are on this other side where we are looking at something that is really positive that’s coming and yet hasn’t quite manifested. I don’t want to be one of these people that talks about the timing of this, because I do understand [the dilemma]. I feel as a woman it is interesting to talk about time as something to be fulfilled, because if we are pregnant we know we are going to have a baby but we don’t know when, but we know we are going to have a baby. So I feel that this Event is in this language of it is definitely going to happen and the timing isn’t really ours to know, but the certainty of it is there within us. It is a sense that when everything converges to be in perfect coordination, then the thing will happen and it will be absolutely the right moment.
C: Exactly, exactly.
E: We are conditioned to think of linear time being sort of like the train schedule where we keep looking at our watches and saying, when is it going to happen? But it is not in that framework.
C: There is a certain moment when it will happen, but even if I would know it, I would not say it, simply because I would not give this information to the Cabal and of course, they are listening to this. They don’t need to know.
E: They don’t need to know! Well, does it mean that they know all of this that we are talking about, that their portals are being cleared, that there are these dates? It doesn’t give them any benefit to know these specifics at this stage, does it?
C: You see, I have a very delicate situation. I can just release intel that gives more advantage to the light forces than gives to the dark forces. So there are things I cannot say. It is a very delicate balance. We are still not liberated yet. After that, it is no problem. I can say everything I know but not yet.
E: Do you want to describe a little bit more about the way the Resistance — you use this phrase compression breakthrough–that’s where your name Cobra comes from–and you’ve talked about how the compression is from the extraterrestrials on one side and the Resistance on the other. Do you want to describe that? So we can picture the Earth in ways we don’t usually do with the underground cities…
C: This planet is in a sandwich. There are light forces above the surface of the planet in the sky–the positive ETs–who are sending light toward the surface of the planet from above. Then there is a resistance movement underground. All of these forces are holding the light below the surface and sending the light toward the surface. So the surface of the planet is in this compression. All of the darkness that was compressed on the surface needs to come out, because the light is constantly pressuring it to come out, so that it is processed and healed and removed. When the light from below meets the light from above at the surface, that’s the moment of compression breakthrough and that’s the moment of the Event. When this is happening it will be huge, energetically and physically, and everybody will be able to see it.
E: After the Event, what role do these forces play? The underground culture and resistance…will they become more visible to us? Are these boundaries going to be dissolved and will we have some awareness that this exists?
C: Gradually, yes. They will not expose themselves directly. First they will just get in there through the mass media, but after sometime when humanity begins its awakening process, there will be direct contact.
E: Then the future of humanity, I gather, from everything I’m learning, is to have a completely different sense of what is real physically and to travel without airplanes and visit other star systems — all that…
C: Yes. Yes.
E: …everything we fantasize in our media. I think it is so interesting that something in us that was captured in the Star Wars movie always wanted this ability to go exploring and go beyond–I guess it is pretty true to call this the prison we have been locked up in–find out what is really going on outside.
C: We were in the prison for the last 25,000 years and now that the gates will open, we will be able to see what is outside.
E: I don’t know how to ask these some of these questions because they are so unusual…but could this have all gone another way completely 25,000 years ago?
C: It could. It could. Things could be different. There are many moments in human history, many key points, when this could go one way or the other.
E: It was just in these various present moments that a little tipping happened and it slid one direction?
C: Exactly.
E: Do we have anything to learn from this, looking back? Do we learn how to be a different kind of human now?
C: Yes. You see in those critical moments, those tipping moments, there were always individuals who were key individuals and those key individuals made choices, sometimes good choices and sometimes not so good choices. In 1995 there was a big possibility of a breakthrough but the key individuals made the wrong choices and that is why we are here almost 20 years later and still the Event didn’t happened. It could have happened in 1995. It could also have happened last year, in April or May 2012, if certain key individuals had made the right choices but they did not make the right choices. There are always certain moments, certain windows of opportunity, and in those crucial moment it is very important how the key people behave. What decisions do they make? What choices do they make? What actions do they take? That is very important.
E: Would these be people that had political power?
C: Not necessarily. You see, the real planetary situation is not decided by the presidents; it is decided by people from behind the scenes.
E: The Cabal and its script for controlling to planet…to me, it is preposterous that they ever thought they could succeed, just because to manage something on the scale that they wanted…Where would they have found the power to support that, because it was such a self-involved agenda, no spiritual energy behind it, no good in it? How could the Cabal have really believed in their power or were they just psychotically made wrong?
C: You see, their plan was created–the last phase of their plan was created–more than 200 years ago. At that time they had the support of many negative ET races throughout the galaxy, and that’s where their confidence came from. But now when those races are gone, they are still operating but they know they are on their last plans. They cannot count on any support from beyond this planet any more, and they know it. The top people in the Cabal know that and they are in panic because of this. Because they know the game is over.
E: You’ve described that there are a variety of ways that they are responding, that they know they can surrender, they can ask for forgiveness and so on and so on. Are we seeing the separation of the hard core from those who aren’t so deeply, darkly inspired?
C: Yes, there are many various responses, and yes, some of them have surrendered already and many of them will surrender in the future. And also the various factions have different tactics of how to cope with this situation. The Jesuits try to manipulate the situation in their own way; the Rockefeller-Illuminati faction is getting a little bit crazy with all this warmongering in Syria that happened this year, and the Rothschilds are just silent because they don’t want to be exposed too much in the limelight right now.
E: They must be aware that the financial reset is going to completely take all their power away.
C: Yes, they are aware of that.
E: Do you think they believe it?
C: I would say they are afraid of it. They don’t believe it completely because it hasn’t happened in their own experience. They have generations of experience that they are the top of the food chain regarding money–almost at the top of the food chain–but they are afraid that something will change because they gather more and more evidence that things are going to change.
E: When you talk about the public arrests of these figures, is it going to include of some of these top dogs?
C: All of them.
E: Is that going to happen swiftly, all at once? We will be witnessing this over days?
C: It will be a global operation throughout the planet that will take maybe between one or three days.
E: Wow.
C: …for the key people.
E: Wow. That’s going to make some interesting television!
C: Oh, yes. Oh, yes.
E: For the people who are used to the action movies, they are going to see some action. Are they going to be taken to certain kinds of prisons? Where will they go?
C: They will be taken to prisons and they will have a right to have a fair trial because true things need to come out in a balanced way, so there will be no witch-hunts. Human beings will decide their destiny. Humanity will decide their destiny.
E: So, this is also why this preparation has taken so long, so many years, so that it would run flawlessly when the time came?
C: We don’t have a second chance. When the Event is triggered, it has to be done perfectly. It has to be done in near-perfect precision to insure the least amount of violence and loss of human life, so that the basic electricity, food-distribution
chains–all this needs to remain intact. It’s not an easy operation.
E: Here in America, will we be seeing it happen to the Americans that are involved or is it going to go around the world?
C: Everywhere.
E: Wow. That is just going to be staggering, it seems to me. Are some of these figures are going to be people that we have heard of? High-profile people?
C: Some of those people are in politics, but the topmost people are mostly in Black Nobility families and the Jesuits and are not are not public figures so much. There will be some very well-known names and some completely unknown names.
E: A lot of names have gotten thrown around over the years about who is part of this and who are the bad ones, but my sense has been that a lot of the most public figures, more politically high profile, they don’t strike me as having the kind of power that the Cabal leaders have had. That they are really more figureheads…
C: Exactly
E: They haven’t had the freedom of resisting them or they know the consequences of resisting them…
C: Exactly.
E: …but once they are released from that we will see their true character.
C: Yes. Many truths will come out. People will begin to speak finally freely about what they were involved in, and there are many people who were in the Cabal not because they wanted to but because they were forced to, and they will finally be free to talk about their experience and be healed.
E: It is phenomenal to imagine this happening so fast, but on the other hand it’s encouraging that something as huge as this can happen to completely turn around the misdirection that we’ve been involved in. I know that everyone who cares about the environment and the health of our food and our oceans–everything that has to do with supporting us–we’ve all been so shocked to see everything going in the wrong direction. The way that we’ll get help changing this, from the ET sources…are we going to be participating and learning from these beings or are we going to be just watching something happen like someone waved a magic wand?
C: No, it will be active participation. There are many technologies that were developed on the surface of the planet that were suppressed, and these will be the first that are released. And then scientists and engineers will learn from those ETs how to go beyond those Earth-based technologies. It will be a partnership; it will be cooperation. Humanity needs to learn to do this by themselves, of course with instruction and a loving guidance from the positive ETs, but humanity will have a very active role in its own future. Humanity will make the basic decisions, not the ETs.
E: That’s an encouraging thing for young people, that they would step right into this as what they will do with their lives to be part of this.
C: They were born for this. This is their destiny.
E: And the whole education system will be flipped over and made relevant, right? It won’t be all about training people to be in the corporate structures. Do you think that the long-term vision of humanity is to slide completely out of a currency monetary system and just recognize how they can share and not have it all organized by some version of money? A lot of people hope that it is the end of all this.
C: Yes. It’s very easy because with the available new technology it will be very easy to produce anything people need for their lives. This is the basic reason why the money will become free, because people will not need it any more. They will have a replicator at home and they will be able to create out of etheric substance everything they will need, their food, everything they need for their physical existence. The perspective of people will go beyond the physical plane because when this is taken care of people will begin to ask, What’s more, What’s the real meaning of life? How can I evolve? What can I do?
E: This applies to the healing arts, too, that we will be shifted to a different whole way of understanding what it means to heal disease or injuries.
C: It will be a matter of reaching again the inner balance of the human being, because when a human being is in a state of balance, there is no illness possible.
E: So the first phase is a whole reset and rebalancing of the essential human, who is self-healing and self-evolving and self-expressing.
C: Of course the technology will support that healing process, but the focal point will be inner balance.
E: Wow. That’s probably a good way to wind this up this time. It’s been very fascinating to have this kind of conversation with you and I appreciate your making yourself available. If there’s anything else you want to add, that would be fine.
C: I would just say, do not give up hope. We are in a very exciting time, although it is quite challenging for many people. We have been born for this time, to make this final victory.
E: That’s true. I feel that way, too. Thank you very much.
C: You are welcome.
Cobra’s websites are 2012portal.blogspot.com and prepareforchange.net
The electronic version is posted here: http://timebandit15.wordpress.com/2013/11/17/conversations-with-cobra-chapter-one/.

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7 Ways to put out the fire in your chest

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7 Ways to put out the fire in your chest
Hi John
I was pleasantly surprised by an editorial I read recently written by a mainstream medical practitioner talking about ways to help with acid reflux.
It wasn't touting the latest acid reducers--as a matter of fact, the author actually discouraged use of them.
Amen!
Plus she also DIDN'T regurgitate the same old tired advice--avoid spicy, greasy foods, eat several small meals and sleep propped up on pillows.
Yeah!
But there was one significant omission from the article...and by leaving that out, many people with reflux can continue to suffer and may eventually cave in to the purple pill.
Let's take a look at some of these great natural ways to tackle acid reflux symptoms, plus the one significant factor that can make the difference between whether you'll sleep peacefully tonight or mimic Puff the Magic Dragon.
7 Natural ways to put out that fire in your chest
1) Fresh ginger
Fresh ginger root has been used since ancient times as a natural anti-inflammatory and a treatment for digestive conditions.
It can easily be peeled, sliced, diced or grated. You can stir it into barbecue sauces, steep it in a cup of tea, use it in a stir-fry, add some to smoothies or enjoy it thinly shaved with sushi.
2) Licorice
Licorice root is soothing to the mucous membranes of the GI tract and can promote healing. 
However, the glycyrrhizic acid in licorice root can raise your blood pressure and lower potassium levels if you eat too much, so look for deglycerrhized licorice (DGL licorice) supplements in health food stores.
3) Slippery elm bark
Slippery elm bark is another herb which soothes mucous membranes and has been used as a remedy for stomach problems for centuries by European and Native American cultures.
You can brew a tea with slippery elm bark or purchase slippery elm lozenges at health food stores.
4) Quit the butts
Here's yet another addition to the long resume of health disasters caused by smoking.  The toxins and chemicals in cigarette smoke encourage overproduction of acid in your stomach!
There are many stop smoking programs and aides out there--pick the one that's right for you and do it.
Now don't get discouraged if you fall off the wagon!  Most ex-smokers report having to try several times before they kicked the habit for good.  Just keep trying. 
5) Aloe vera
Aloe vera juice is another natural anti-inflammatory that can help soothe inflammation in the stomach or esophagus.
Aloe vera is available at many health food stores and retail merchants.
6) Consider chiropractic treatment
The nerves along your spinal cord are closely tied with the vagus nerve, which wraps around your digestive organs.  So having something awry with your spine can actually affect your digestion.
Many people have gotten tremendous relief from acid reflux (and other digestive conditions) with chiropractic adjustments.
Oh, and their backs feel better too!
And now for the BIGGIE...the one significant omission from the article I read...
7) Tackle reflux at its root cause with better digestion!
This is the heart and soul of reflux relief--preventing it to begin with!
When you help your body accomplish digestion easily and completely, acid reflux can become a non-issue.
When your body can more efficiently break down all your foods, there is a far less chance of getting overproduction of acid that can come gliding up into your throat. 
And your stomach contents will more likely “stay where they belong" and move down into to the intestinal tract like they're supposed to, instead of getting burped up.
Ahhh, relief!
If that sounds good to you, here are the two simple steps you need to take to help make a reflux-free existence a reality for you:
Step 1- Chow down wisely
When you structure your meals carefully and pair together the right foods so that your stomach and intestines can more easily tackle them, your digestion can improve DRAMATICALLY.
That can soon mean: No more acid sliding up into your throat and sleeping propped up on pillows!
I will show you exactly what to in the Great Taste No Pain health system.
- http://www.greattastenopain.com/great.asp
And for those of you who are sensitive to gluten too, Great Taste No Gluten is for you.
- http://www.greattastenogluten.com/great.asp
Now don't worry – with both systems you'll still be able to eat foods you love. You just need to be a little more careful about what you eat together so everything can be broken down easier by your system.
And both the GTNP and GTNG recipe books are loaded with delicious, easily to prepare dishes that are sure to become some of your family's favorites.
Talk about a win-win--delicious meals AND feeling much more comfortable afterward!
2- A helping hand
Poor digestion and reflux can also be the result of too few digestive enzymes.
You see, after years eating hard-to-digest meals, you may reach the point where you have diminished your body's ability to produce enough enzymes, because you've used up SO many trying to digest complex meals for SO long.
Once this happens, it's not like you can wave a magic wand and make more.
Plus eating cooked foods can use up more of your body's enzymes because some of the naturally occurring enzymes in the food can be reduced the more you cook it...so your body has to do more of the work.
Digestizol Max digestive enzyme formula
- http://www.bluerockholistics.com/product/dmax.asp
can give your body a much-needed enzyme boost to help tackle whatever kinds of foods you eat.
Digestizol Max is loaded with 14 natural, plant-derived enzymes (so it's even OK for vegetarians!) that will give your body a hand in breaking down everything you eat--proteins, starches, carbs, fiber and fats alike.
Plus its herbal formula can help soothe an inflamed digestive tract.
I bet you can almost feel the relief already!
Well, reflux sufferer, are you ready?
There you have them—7 safe, natural ways to help soothe your GI tract, stop reflux dead in its tracks AND help prevent it from happening again.
Now, like Dirty Harry says, you have to ask yourself one question:
Are YOU ready to say goodbye to reflux? 
Well, are you?
I hope you are.
Because you can help make the dream of a reflux-free life a reality for you (like Rebecca did below). 
Just let your doc know what supplements you are taking, then get started NOW! 
To your health,
Sherry Brescia

PS: Rebecca’s done with purple pills!

Hi Sherry
I would like to THANK you for all your knowledge, thus relieving me of my pain and getting me off medicine that has been giving me so many side effects!
I have to be honest and say it did not happen overnight or in just a few days.
But a week and a couple days have passed and I believe I now will not have to worry about taking any of those Purple pills again.  Probably why it took me a little longer is I was so busy and I was not able to strictly stick right away to your food plan. 
I now am on track and have pretty much memorized what you can eat with what and my pain and night acid back-ups and coughing has stopped completely.
I AM making this a life change and FOREVER thank you!
Rebecca


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Years of junk foods, meats, alcohol and soft drinks results in a decrease in your body's ability to produce digestive enzymes. This can result in daily painful gas, bloating, heartburn and constipation no matter how otherwise healthy your diet is!  Digestizol Max can help turn that around for you fast. Its effective blend of 14 plant-derived enzymes and soothing herbs will help carry out the job of digestion and keep you feeling great! Learn more about Digestizol Max here.

Gluten has been linked to hundreds of health problems, including autoimmune diseases. If you are gluten sensitive or have an autoimmune disease, see what avoiding gluten can do for you.  Great Taste No Gluten will make gluten avoidance easy, while giving you 160 of the world's tastiest gluten-free recipes to make you love every bite of your gluten-free life.  Learn more about Great Taste No Gluten here.


 Haven't taken the Great Taste No Pain test drive?  Why not?  Get over to
- http://www.greattastenopain.com/freereports/ and feel the power of Great Taste No Pain.

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- http://www.greattastenopain.com/great.asp
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**The FDA has not evaluated all of these statements. The contents of this email are not to be considered medical advice and are for educational purposes only. If you are experiencing health challenges, always consult your doctor for medical advice and follow it even if it contradicts the contents of this email.**

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Former ‘economic hitman’: U.S. ‘death economy’ brought world to brink of destruction

To: "V.K.Durham"
Sent: Monday, March 17, 2014 10:11:31 PM
Subject: More people getting it

Former ‘economic hitman’: U.S. ‘death economy’ brought world to brink of destruction

By Travis Gettys
Monday, March 17, 2014 13:10 EDT
John Perkins edit

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A former “economic hitman” explained that the United States model for global domination cannot be repeated – and should not be attempted.
Author John Perkins explained last week on the David Pakman Show how American corporations extorted natural resources from developing nations in a process that sounds very similar to domestic privatization schemes.
Perkins, who wrote the 2004 book “Confessions of an Economic Hitman” about his experience working as a chief economist for the engineering company Chas. T. Main, said corporations would identify countries that had resources sought by the U.S. and arrange for them to obtain large loans from the World Bank and similar organizations.
“But the money never actually went to the country,” Perkins said. “Instead, it went to our own corporations to build infrastructure projects in that country. They made a great deal of profit from that.”
The countries would use those borrowed funds to build electrical systems, highways, industrial parks, and other infrastructure projects.
“Yet the country would be left holding a huge debt they couldn’t repay, and so at some point we’d go back and say, ‘Hey, you know, since you can’t pay your debts, sell your resource – oil, whatever – very cheap to our companies without any environmental restrictions or social regulations or privatize your public sector businesses, sell them real cheap – your utility companies, your water and sewage system, your schools, your jails, off to our corporations,” Perkins said. “And in that way we created the world’s first truly global empire, primarily without the use of the military.”
He said most economists agreed that developing countries needed better infrastructure to improve their economies, but he said statistics supporting this model were misleading.
“I came to understand that the poor people were not benefitting, that the statistics reflect the very wealthy, which is true in this country, too, you know, that 85 people control more resources than half the world’s population,” Perkins said. “Our statistics are very, very skewed to those rich people.”
He claims in his book the U.S. backed the assassinations of Panamanian leader Omar Torrijos and Ecuadoran President Jaime Roldós Aguilera in a pair of 1981 plane crashes because they refused to bow to corporate interests.
“We’ve created a death economy, one that’s based on killing people, militarization, and ravaging the earth,” Perkins said. “We need to move into a life economy that’s based on cleaning up pollution, feeding starving people, developing new technologies, transportation, communications, (and) energy.”
He declared the global economy to be “an abject failure,” arguing that Americans make up just 5 percent of the world’s population but consume 30 percent of its natural resources.
“That’s not a model,” Perkins said. “It can’t be repeated by China, even though they’re trying. It just puts the world in a worse condition when other countries try to repeat our model. We must come up with a new model.”
He said some corporate leaders and many consumers have arrived at similar conclusions and are beginning to take steps to correct the problems he’s identified.
“We’re truly in a consciousness revolution, a huge revolution, where people are waking up to the fact that we’re living on a very fragile space station that has no shuttles,” Perkins said. “We’re going to have to take care of this place, and big business is going to have to play a major role in waking up and taking care of this, serving a public interest – not the 1 percent, but the 99 percent – serving the earth, in essence, and we all need to get out there and make sure that happens.”
Watch the entire interview posted online by David Pakman Show:

From The Web

US Tsy Sect Lew Visits Brazil Mon, Mexico Tues

Front Page


Monday, March 17, 2014 - 03:10

LatamWatch: US Tsy Sect Lew Visits Brazil Mon, Mexico Tues


--Brazil Cen Bank Pres to Testify in Senate Tues
--Mexico Politics Heats Up Amid Next Round of Energy Debate
--Argentina Seeks to Build FX Reserves as Soy Exports Rise
BUENOS AIRES, MEXICO CITY AND SAO PAULO (MNI) - U.S. Treasury Secretary Jack Lew will be in Brazil and Mexico Monday and Tuesday for an unusually rapid visit to the region to meet officials and business leaders to stress, a senior Treasury official told reporters, the close historic ties with the nations and urge them to pursue strong, sustainable growth.
What else they might be discussing and why the quick format was unclear since that Treasury official who spoke to reporters would not elaborate on these details, beyond the schedule and the broad policy goals - "to foster the strong and mutually beneficial economic relationship," etc...
Oddly enough, while Lew is in Sao Paulo meeting with Central Bank President Alexandre Tombini and Finance Minister Guido Mantega as well as business leaders, Bank of Mexico Gov. Agustin Carstens will be giving a speech in Washington, and undoubtedly will have to rush back to Mexico City for meetings with Lew Tuesday.
Lew also will meet with Mexican President Enrique Pena Nieto, Finance Minister Luis Videgaray Tuesday.
Meanwhile, Tombini will make his regular quarterly appearance before the Senate Economic Affairs Committee Tuesday.
According to the Senate website, senators intend to ask Tombini not only about monetary policy, but also about the Federal Reserve labeling Brazil the second most vulnerable emerging market economy.
Markets are increasing bets that tightening will continue at the 25 basis poin pace established at the February 26 Copom meeting after six consecutive 50 bps hikes.
February inflation was higher than expected, and poor weather in Brazil and the U.S. may cause food prices to pressure inflation. Drought is also forcing the government to use more expensive gas-powered generators to replace hydroelectric power, increasing the cost of subsidies.
Finance Minister Guido Mantega announced last week that the government would meet the extra cost in part by using an industry association to borrow money for the utilities, which would be repaid by raising prices next year, after presidential and congressional elections are past.
This maneuver will help the government meet its fiscal target this year, but since it also guarantees additional pressure on inflation in 2015, it may make it harder for the Copom to end its tightening cycle.
The central bank began raising rates in April 2013, after cutting them below what most analysts deemed prudent. The Selic overnight rate has now risen to 10.75% from 7.25%, but inflation expectations have continued to rise and are now 6.12% for the next 12 months.
Several analysts say the risk of electricity rationing, which would slow the economy and tax receipts, is rising as the drought continues.
The IBGE state statistics agency releases the service sector survey and industrial employment and wages for January Tuesday, and IPCA-15 midmonth inflation Friday.
-Mexico Politics Heats Up Amid Next Round of Energy Debate
Political maneuvering has begun in earnest over secondary legislation needed to implement the historic energy reform passed in December after last Thursday's decision by the conservative National Action Party to withdraw from the Senate Energy Committee's discussions of the laws.
The PAN leadership has insisted the government find who is responsible for a scandal embroiling state oil company Pemex that involves marine engineering and consulting firm Oceanografia and an alleged $400 million loan fraud.
PAN members are accusing the ruling Institutional Revolutionary Party (PRI) and the liberal Democratic Revolutionary Party (PRD) of using the scandal to attack the PAN and leverage the party into agreeing to weakening the reach of the energy reform, a point PRI Senate leader Emilio Gamboa denies.
Gamboa has said he expects the PAN to return to the table this week and indicated the work on the secondary laws is "90% complete."
The Bank of Mexico's monetary policy board meets Friday and are widely expected to keep the benchmark interest rate at 3.50%, but what they say about growth an inflation will be of most interest.
In a March 5 poll, Banamex found 25 banks gave a median forecast for the next move to be a 25 bps hike coming March 2015. Analysts say the rise in inflation early this year, largely related to recently enacted taxes, already is beginning to moderate, and while growth appears to be weakening, conditions have not deteriorated to the point further lowering is needed.
Analysts will be scrutinizing the central bank comments on the outlook given the surprising weakness in the economy thus far in 2014. Most see the tone on inflation to be neutral or slightly positive
State statistics agency INEGI releases its January retail sales report Friday, and analysts see the possibility of a weak or negative growth in the indicator. A raft of new taxes on items like junk food, soda and pet food, amid a four-year low in consumer confidence, likely dampened spending. But the not-seasonally adjusted index will be helped by additional work days this year.
INEGI reports on global demand for the fourth quarter 2013 Thursday, which should reflect the anemic 0.7% growth seen in the period, as exports stalled and consumption growth was weak on sluggish job growth, higher prices and little improvement in access to credit.
The government could release the second quarter debt auction calendar as early as this week.
Mexico's banks and markets will be closed Monday in observance of Benito Juarez's birthday.
-Argentina Seeks to Build FX Reserves as Soy Exports Rise
Argentina will continue trying to rebuild foreign reserves from a seven-year low even as rising inflation hits consumers. The central bank bought dollars and let the peso strengthen to 7.889 to the U.S. dollar last week, up from a low of 8 after the currency slumped 23% in January.
Export inflows have increased to a daily average of around $80 million as the farm sector sells crops and derivatives. The second quarter is the busiest month for soy shipments, the country's largest export.
Estudio Broda, an economic consultancy, expects soy exports will bring at least $8 billion into the country between April and June. Some estimates put the inflow higher at $10 billion.
However, much of the inflow will go to pay debt service and imports, especially energy. The country has been ramping up energy imports to meet demand as domestic oil and natural gas production, which only meets about 85% of national energy needs, continues a decade-long slide.
Planning Minister Julio de Vido, who oversees energy affairs, last week said Argentina is running a $9 billion annual energy deficit after traditionally running a surplus. But he said a recent spate of conventional crude finds and a pickup in drilling for shale oil and gas resources will help return the trade account to surplus by 2016 or 2017.
Analysts expect that while the soy dollars may help sustain or build foreign reserves, much could be spent during the second half on imports and debt payments. The country must pay about $5 billion in debt at the end of 2014.
Some help could come from State energy company YPF, the biggest oil and gas producer in the country, which plans to sell up to $1 billion in bonds on global markets, helping to recover part of its $800 million cash payment last week to buy the Argentine operations of U.S. oil company Apache Corp.
According to Buenos Aires financial newspaper Ambito Financiero, YPF could announce the bond sale as soon as this week. This would be YPF's second international bond sale following a $500 million issue in December, on which it is paying 8.875% annual interest.
YPF is investing $37.2 billion between 2012 and 2017 to turn around a 6% annual slide in production of the past decade, an effort that is starting to pay off. Its oil output rose 2.2% and gas by 1.5% in 2013 compared with 2012.
Even so, rising energy imports are making it harder for the central bank to contain the exchange rate and rebuild reserves, which have dropped to a seven-year low of $27.5 billion from nearly $53 billion in 2011. The peso is expected to drop to 8.89 per dollar at the end of August, according to trading on futures markets.
The government and YPF are seeking to rebuild investor confidence in the company, including by reaching a preliminary deal to pay Spain's Repsol $5 billion for its expropriated 51% stake in YPF. A next step will be to negotiate a settlement of about $10 billion in debt with the Paris Club of creditor nations.
The Senate this week will continue to review the Repsol-YPF deal, which needs full congressional approval - and the nod from Repsol shareholders - before it can take effect.
The government will report February inflation Monday. Private economists estimate that consumer prices rose 4.3% in February compared with January, the highest month-on-month increase in 23 years. That puts annual inflation at 35.88%, according to an average of private estimates published by opposition congressional deputies last week.
* Editor: Heather Scott; Follow us on Twitter: @MNILatamWatch
--MNI Washington Bureau; tel: +1 202-371-2121; email: hscott@mni-news.com
https://mninews.marketnews.com/index.php/latamwatch-us-tsy-sect-lew-visits-brazil-mon-mexico-tues?q=content/latamwatch-us-tsy-sect-lew-visits-brazil-mon-mexico-tues


Monday, March 17, 2014 - 03:10

LatamWatch: US Tsy Sect Lew Visits Brazil Mon, Mexico Tues


--Brazil Cen Bank Pres to Testify in Senate Tues
--Mexico Politics Heats Up Amid Next Round of Energy Debate
--Argentina Seeks to Build FX Reserves as Soy Exports Rise
BUENOS AIRES, MEXICO CITY AND SAO PAULO (MNI) - U.S. Treasury Secretary Jack Lew will be in Brazil and Mexico Monday and Tuesday for an unusually rapid visit to the region to meet officials and business leaders to stress, a senior Treasury official told reporters, the close historic ties with the nations and urge them to pursue strong, sustainable growth.
What else they might be discussing and why the quick format was unclear since that Treasury official who spoke to reporters would not elaborate on these details, beyond the schedule and the broad policy goals - "to foster the strong and mutually beneficial economic relationship," etc...
Oddly enough, while Lew is in Sao Paulo meeting with Central Bank President Alexandre Tombini and Finance Minister Guido Mantega as well as business leaders, Bank of Mexico Gov. Agustin Carstens will be giving a speech in Washington, and undoubtedly will have to rush back to Mexico City for meetings with Lew Tuesday.
Lew also will meet with Mexican President Enrique Pena Nieto, Finance Minister Luis Videgaray Tuesday.
Meanwhile, Tombini will make his regular quarterly appearance before the Senate Economic Affairs Committee Tuesday.
According to the Senate website, senators intend to ask Tombini not only about monetary policy, but also about the Federal Reserve labeling Brazil the second most vulnerable emerging market economy.
Markets are increasing bets that tightening will continue at the 25 basis poin pace established at the February 26 Copom meeting after six consecutive 50 bps hikes.
February inflation was higher than expected, and poor weather in Brazil and the U.S. may cause food prices to pressure inflation. Drought is also forcing the government to use more expensive gas-powered generators to replace hydroelectric power, increasing the cost of subsidies.
Finance Minister Guido Mantega announced last week that the government would meet the extra cost in part by using an industry association to borrow money for the utilities, which would be repaid by raising prices next year, after presidential and congressional elections are past.
This maneuver will help the government meet its fiscal target this year, but since it also guarantees additional pressure on inflation in 2015, it may make it harder for the Copom to end its tightening cycle.
The central bank began raising rates in April 2013, after cutting them below what most analysts deemed prudent. The Selic overnight rate has now risen to 10.75% from 7.25%, but inflation expectations have continued to rise and are now 6.12% for the next 12 months.
Several analysts say the risk of electricity rationing, which would slow the economy and tax receipts, is rising as the drought continues.
The IBGE state statistics agency releases the service sector survey and industrial employment and wages for January Tuesday, and IPCA-15 midmonth inflation Friday.
-Mexico Politics Heats Up Amid Next Round of Energy Debate
Political maneuvering has begun in earnest over secondary legislation needed to implement the historic energy reform passed in December after last Thursday's decision by the conservative National Action Party to withdraw from the Senate Energy Committee's discussions of the laws.
The PAN leadership has insisted the government find who is responsible for a scandal embroiling state oil company Pemex that involves marine engineering and consulting firm Oceanografia and an alleged $400 million loan fraud.
PAN members are accusing the ruling Institutional Revolutionary Party (PRI) and the liberal Democratic Revolutionary Party (PRD) of using the scandal to attack the PAN and leverage the party into agreeing to weakening the reach of the energy reform, a point PRI Senate leader Emilio Gamboa denies.
Gamboa has said he expects the PAN to return to the table this week and indicated the work on the secondary laws is "90% complete."
The Bank of Mexico's monetary policy board meets Friday and are widely expected to keep the benchmark interest rate at 3.50%, but what they say about growth an inflation will be of most interest.
In a March 5 poll, Banamex found 25 banks gave a median forecast for the next move to be a 25 bps hike coming March 2015. Analysts say the rise in inflation early this year, largely related to recently enacted taxes, already is beginning to moderate, and while growth appears to be weakening, conditions have not deteriorated to the point further lowering is needed.
Analysts will be scrutinizing the central bank comments on the outlook given the surprising weakness in the economy thus far in 2014. Most see the tone on inflation to be neutral or slightly positive
State statistics agency INEGI releases its January retail sales report Friday, and analysts see the possibility of a weak or negative growth in the indicator. A raft of new taxes on items like junk food, soda and pet food, amid a four-year low in consumer confidence, likely dampened spending. But the not-seasonally adjusted index will be helped by additional work days this year.
INEGI reports on global demand for the fourth quarter 2013 Thursday, which should reflect the anemic 0.7% growth seen in the period, as exports stalled and consumption growth was weak on sluggish job growth, higher prices and little improvement in access to credit.
The government could release the second quarter debt auction calendar as early as this week.
Mexico's banks and markets will be closed Monday in observance of Benito Juarez's birthday.
-Argentina Seeks to Build FX Reserves as Soy Exports Rise
Argentina will continue trying to rebuild foreign reserves from a seven-year low even as rising inflation hits consumers. The central bank bought dollars and let the peso strengthen to 7.889 to the U.S. dollar last week, up from a low of 8 after the currency slumped 23% in January.
Export inflows have increased to a daily average of around $80 million as the farm sector sells crops and derivatives. The second quarter is the busiest month for soy shipments, the country's largest export.
Estudio Broda, an economic consultancy, expects soy exports will bring at least $8 billion into the country between April and June. Some estimates put the inflow higher at $10 billion.
However, much of the inflow will go to pay debt service and imports, especially energy. The country has been ramping up energy imports to meet demand as domestic oil and natural gas production, which only meets about 85% of national energy needs, continues a decade-long slide.
Planning Minister Julio de Vido, who oversees energy affairs, last week said Argentina is running a $9 billion annual energy deficit after traditionally running a surplus. But he said a recent spate of conventional crude finds and a pickup in drilling for shale oil and gas resources will help return the trade account to surplus by 2016 or 2017.
Analysts expect that while the soy dollars may help sustain or build foreign reserves, much could be spent during the second half on imports and debt payments. The country must pay about $5 billion in debt at the end of 2014.
Some help could come from State energy company YPF, the biggest oil and gas producer in the country, which plans to sell up to $1 billion in bonds on global markets, helping to recover part of its $800 million cash payment last week to buy the Argentine operations of U.S. oil company Apache Corp.
According to Buenos Aires financial newspaper Ambito Financiero, YPF could announce the bond sale as soon as this week. This would be YPF's second international bond sale following a $500 million issue in December, on which it is paying 8.875% annual interest.
YPF is investing $37.2 billion between 2012 and 2017 to turn around a 6% annual slide in production of the past decade, an effort that is starting to pay off. Its oil output rose 2.2% and gas by 1.5% in 2013 compared with 2012.
Even so, rising energy imports are making it harder for the central bank to contain the exchange rate and rebuild reserves, which have dropped to a seven-year low of $27.5 billion from nearly $53 billion in 2011. The peso is expected to drop to 8.89 per dollar at the end of August, according to trading on futures markets.
The government and YPF are seeking to rebuild investor confidence in the company, including by reaching a preliminary deal to pay Spain's Repsol $5 billion for its expropriated 51% stake in YPF. A next step will be to negotiate a settlement of about $10 billion in debt with the Paris Club of creditor nations.
The Senate this week will continue to review the Repsol-YPF deal, which needs full congressional approval - and the nod from Repsol shareholders - before it can take effect.
The government will report February inflation Monday. Private economists estimate that consumer prices rose 4.3% in February compared with January, the highest month-on-month increase in 23 years. That puts annual inflation at 35.88%, according to an average of private estimates published by opposition congressional deputies last week.
* Editor: Heather Scott; Follow us on Twitter: @MNILatamWatch
--MNI Washington Bureau; tel: +1 202-371-2121; email: hscott@mni-news.com
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