APPLE CRASH COULD 'BRING DOWN MARKET'
---How a deeper dive by Apple could crush this stock market
------Apple’s stock drops below 2 bearish technical levels
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City To Appoint 2 Illegal Immigrants As Commissioners...
First To Allow...
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Massive CA wildfire jumps containment line...
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TWITTER Stock Crashes...
Takeover Offers?
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Did Pope Francis really say the Koran and Bible are the same? - On Monday the Bishop Of Rome addressed Catholic followers regarding the dire importance of exhibiting religious tolerance. During his hour-long speech, a smiling Pope Francis was quoted telling the Vatican’s guests that the Koran, and the spiritual teachings contained therein, are just as valid as the Holy Bible.
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Government Seizes Vehicles Worth $1 Million; Brings No Charges, Keeps The Cars
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Feds Take Down Preppers Accused of Stockpiling Guns and Ammunition: 'Federal Conspiracy Charges' -
Three North Carolina men fearing a government takeover and martial law stockpiled weapons, ammunition and tactical gear while attempting to rig home-made explosives, according to charges announced by the Justice Department on Monday.
…
America's National Parks are for sale
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'Can’t believe it’s happened again' on San Francisco coast — Mysterious whale deaths baffling scientists
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Puerto Rico triggers historic default as austerity spiral deepens
---RUNNING OUT OF OTHER PEOPLE’S MONEY: Puerto Rico Has Defaulted.
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Special Forces disguised as ISIS fighters operating in Syria – military sources
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America is heading into an era of 'pension poverty,' economist warns - (NaturalNews) A noted author and freelance economist has made a frightening, yet eminently logical conclusion: America's pensioners - those who receive Social Security or other government entitlement - are about to enter an era of "pension poverty" similar to that being experienced by the broke countries of Europe.
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Obama detains 27 Christian asylum seekers
More than two dozen Iraqi Chaldean Christians forced from their homes by ISIS have been detained at an ICE detention center in California for six months after crossing the border from Mexico.
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Kim Jong Un Will Receive A Peace Prize Once Awarded To Gandhi
A peace and humanitarian prize that was previously awarded to Mahatma Gandhi and Myanmar's Aung San Suu Kyi will soon be given to North Korean dictator Kim Jong Un.
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Anger in Athens as Troika Set to Demand More Austerity Measures
Sputnik News - The Greek bailout talks are set to hit troubled waters yet again, as it emerged that its creditors - the International Monetary Fund (IMF), the European Central Bank (ECB) and the Eurozone members - are set to demand Athens passes even more austerity measures. Negotiations over the third bailout since 2010 were only started Tuesday, following a series of delays. As a pre-requisite of the third bailout talks beginning, Greece was forced to pass legislation on tax and pension reform, as well as other issues
---Greek shares nosedive as manufacturing data reveals economy in shock
The Guardian - The full extent of the damage caused by the Greek crisis was laid bare when the first day of stock market trading after five weeks of economic paralysis saw shares lose a sixth of their value. Bank stocks bore the brunt of a wave of pent-up selling that eclipsed anything seen in the past three decades on the Athens stock market, with three of the leading Greek financial institutions losing the maximum 30% permitted in a single day’s trading.
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APPLE STOCK SHREDS $113B
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Nearly half of students don't speak English at GA elementary school...
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FARRAKHAN: 'We Must Rise Up And Kill Those Who Kill Us'...
Calls for Army of 10,000 Men...
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---How a deeper dive by Apple could crush this stock market
------Apple’s stock drops below 2 bearish technical levels
/
City To Appoint 2 Illegal Immigrants As Commissioners...
First To Allow...
/
Massive CA wildfire jumps containment line...
/
TWITTER Stock Crashes...
Takeover Offers?
/
Did Pope Francis really say the Koran and Bible are the same? - On Monday the Bishop Of Rome addressed Catholic followers regarding the dire importance of exhibiting religious tolerance. During his hour-long speech, a smiling Pope Francis was quoted telling the Vatican’s guests that the Koran, and the spiritual teachings contained therein, are just as valid as the Holy Bible.
/
Government Seizes Vehicles Worth $1 Million; Brings No Charges, Keeps The Cars
/
Feds Take Down Preppers Accused of Stockpiling Guns and Ammunition: 'Federal Conspiracy Charges' -
Three North Carolina men fearing a government takeover and martial law stockpiled weapons, ammunition and tactical gear while attempting to rig home-made explosives, according to charges announced by the Justice Department on Monday.
…
[They] are accused of stockpiling guns and ammunition, as well as attempting to manufacture pipe bombs and live grenades from military surplus “dummy” grenades, according to the statement by Acting U.S. District Attorney Jill Westmoreland Rose and FBI Special Agent in Charge John Strong.
In addition to ammunition for a .338 caliber rifle, the statement says Litteral purchased hand-held radios, Kevlar helmets, body armor and face masks in preparation for an armed resistance to the feared military occupation.
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Litteral planned to test homemade explosives with Barker in Shelby, North Carolina, quoting Litteral as saying “it is going to be great,” in reference to the explosion, the district attorney’s statement said.
The federal conspiracy charges carry a maximum penalty of five years in prison and a $250,000 fine. In addition, Campbell has been charged with a separate firearms charge punishable by 10 years imprisonment and a $10,000 fine.
Source: Associated Press
/America's National Parks are for sale
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'Can’t believe it’s happened again' on San Francisco coast — Mysterious whale deaths baffling scientists
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A homeless man stands in front of a closed down business in Puerta de Tierra in the outskirts of Old San Juan, Puerto Rico Photo: AP
---RUNNING OUT OF OTHER PEOPLE’S MONEY: Puerto Rico Has Defaulted.
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Special Forces disguised as ISIS fighters operating in Syria – military sources
/
America is heading into an era of 'pension poverty,' economist warns - (NaturalNews) A noted author and freelance economist has made a frightening, yet eminently logical conclusion: America's pensioners - those who receive Social Security or other government entitlement - are about to enter an era of "pension poverty" similar to that being experienced by the broke countries of Europe.
/
Obama detains 27 Christian asylum seekers
More than two dozen Iraqi Chaldean Christians forced from their homes by ISIS have been detained at an ICE detention center in California for six months after crossing the border from Mexico.
/
Kim Jong Un Will Receive A Peace Prize Once Awarded To Gandhi
A peace and humanitarian prize that was previously awarded to Mahatma Gandhi and Myanmar's Aung San Suu Kyi will soon be given to North Korean dictator Kim Jong Un.
/
Anger in Athens as Troika Set to Demand More Austerity Measures
Sputnik News - The Greek bailout talks are set to hit troubled waters yet again, as it emerged that its creditors - the International Monetary Fund (IMF), the European Central Bank (ECB) and the Eurozone members - are set to demand Athens passes even more austerity measures. Negotiations over the third bailout since 2010 were only started Tuesday, following a series of delays. As a pre-requisite of the third bailout talks beginning, Greece was forced to pass legislation on tax and pension reform, as well as other issues
---Greek shares nosedive as manufacturing data reveals economy in shock
The Guardian - The full extent of the damage caused by the Greek crisis was laid bare when the first day of stock market trading after five weeks of economic paralysis saw shares lose a sixth of their value. Bank stocks bore the brunt of a wave of pent-up selling that eclipsed anything seen in the past three decades on the Athens stock market, with three of the leading Greek financial institutions losing the maximum 30% permitted in a single day’s trading.
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APPLE STOCK SHREDS $113B
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Nearly half of students don't speak English at GA elementary school...
/
5th Shocking Video Catches Planned Parenthood Official Selling “Fully Intact” Aborted Babies The pro-life advocates behind the four shocking videos exposing Planned Parenthood selling the body parts of aborted babies for research have released a 5th video today that catches a Planned Parenthood official discussing how the abortion business sells “fully intact” aborted babies. The video, which follows Senate Democrats defeating a bill to de-fund Planned Parenthood,
FARRAKHAN: 'We Must Rise Up And Kill Those Who Kill Us'...
Calls for Army of 10,000 Men...
/
/
Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.
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8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent, Next Several Months To Be Extremely Chaotic
By Michael Snyder
Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But
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Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But
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In a repulsive demonstration of hostility towards Christians, the City of Houston wants to bulldoze one church and condemn the property of another so they can build affordable housing and a public library. Attorneys representing the Christian Fellowship Missionary Baptist Church and the Latter Day Deliverance Revival Center were in court Tuesday asking a judge
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Greece needs €100bn debt relief as permanent depression looms Greece needs a debt write-down of almost €100bn (£70bn) if the country is to stand a chance of clawing its way out of a “prolonged and severe depression”, according to a leading think-tank. In a stark analysis, the National Institute of Economic and Social Research (NIESR) laid bare the impact of VAT hikes and strict
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Some Evil Genius Sent a Robot To a Fast Food Drive Thru and Freaked Everyone Out We live in a world where Amazon wants to start delivering via drones, Uber will deliver you food and, when you push a button on apps like Seamless, food just magically arrives at your doorstep. So it shouldn’t be that surprising that robots are now picking up food from drive-thrus for us. But somebody forgot
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Watch Massive Sinkhole Open Up at NYC Intersection A giant sinkhole opened up in New York Tuesday morning, swallowing an intersection in Brooklyn in an event that was caught on surveillance tape. The estimated 20-by-20-foot hole formed around 7 a.m. at Fifth Avenue and 64th Street, ABC station WABC reported. “It appears to be some sort of water leak that undermined the road,
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AMERICAN AIRLINES flight has near miss with drone over Phoenix...
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Alabama home quarantined after possible Ebola exposure...
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Will Your Church Be Turned Into a FEMA Camp? Pastors are absolutely forbidden to publicly to speak about any aspect of the program. If you were to ask your pastor if they are a FEMA trained pastor, they will not likely tell you.
Pastor Mansfield attended several briefings and he could barely believe his ears. He learned of the government’s plan to enact martial law as well as to implement forced population relocations. Mansfield emphasized that when martial law is enacted, the enforcement would be immediate. In other words, family members will be separated from each other and part of the training that the clergy received was how to comfort separated family members.
Pastor Mansfield emphasized that the FEMA/DHS drills were predicated on bioterrorism. This is exactly what my relocated FEMA source told me before he and his family left. The pastors were trained to go to homes were people refused to be relocated by the authorities and their immediate job was to convince the reluctant to willingly go to the relocation camps. Ostensibly, this was to be done in lieu of sending in the SWAT teams.
I asked Mansfield if FEMA camps were real and he stated that much of the clergy training focused around this scenario of pastors operating within the forced relocation centers. The main goal of a pastor assigned to a FEMA was to bring order and encourage compliance with DHS requests, hence, the emphasis on Romans 13.
The pastors were forced to sign non-disclosure. Interesting, the pastors were told not to quote Scripture. The DHS document which was prepared for the pastors clearly stated that Scripture had been used to “oppress” people in the past and the presenters strongly discouraged the its use. Please see the following excerpt from one of the DHS training manuals:
Healing Scripture and Prayer In the Pastoral Crisis Intervention
Disturbingly, Pastor Mansfield reiterated several times that the number one job of these pastors is to calm down people and encourage their compliance within the people’s new surroundings.
Pastor Mansfield also stated that pastors will be utilized as informants. This violates the legal privilege of confidentiality between pastor and church-goer, that is currently recognized by law. All church-goers can no longer trust the sanctity of personal confessions and revelations made to pastors, priests or rabbis’. This one illegal act by DHS completely undermines the Christian Church in America!
At one time in American history, churches were viewed as sanctuaries for the downtrodden. That is not the case any longer for most churches and their pastors. Most of the medium to large size churches are completely compromised and are serving as virtual agents of the government. Pastor Mansfield told me that as many as 28,000 pastors have been recruited by the Clergy Response Team. Other estimates place this number as high as a 100,000 pastors have forsaken their duty God and have sold out to the dark side in order to save a little bit of tax money.
If what I am reading is correct and the Pope is declaring a New World Order on September 15 and the global currency reset will follow in a month and your money will be devalued by 90%, what will you do? Please allow me to suggest that if these people are correct in their projections, you have one month to obtain what you need to survive. Secondly, you should scrutinize your place of worship and leave if they are not preaching the unadulterated word of God. Form home Bible study groups, take back the salvation of your soul. This life is temporary, hell is forever!
Is your church going to turn into a FEMA camp? For most of us, it already has and the prisoner is your soul. DHS may not build bars around your church and confine your body, but the move on your soul has already been made. Exercise the free will to say no to this illegitimate authority./
Were Massive Cell Phone Outages Across Parts Of America Another 'Beta Test'? Is There A Jade Helm 15 Link To What Happened?
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Venezuela Mass starvation expected in Venezuela after socialist government nationalizes food distribution system
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PUERTO RICO DEFAULTS on its DEBT – Another Greece in the Works?
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Alabama home quarantined after possible Ebola exposure...
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Will Your Church Be Turned Into a FEMA Camp? Pastors are absolutely forbidden to publicly to speak about any aspect of the program. If you were to ask your pastor if they are a FEMA trained pastor, they will not likely tell you.
When Martial Law Comes to America, What Role Will Your Pastor Play?
Eight months ago, I interviewed Pastor Walter Mansfield by phone and the content related to this interview sent chills up and down my spine when I asked him about the Clergy Response Team.
Pastor Mansfield was recruited to become a member of the Clergy Response Team which would operate under the control of NOVAD and DHS. Mansfield’s revelations about his experiences are stunning and concerning at the same time.Pastor Mansfield attended several briefings and he could barely believe his ears. He learned of the government’s plan to enact martial law as well as to implement forced population relocations. Mansfield emphasized that when martial law is enacted, the enforcement would be immediate. In other words, family members will be separated from each other and part of the training that the clergy received was how to comfort separated family members.
Pastor Mansfield emphasized that the FEMA/DHS drills were predicated on bioterrorism. This is exactly what my relocated FEMA source told me before he and his family left. The pastors were trained to go to homes were people refused to be relocated by the authorities and their immediate job was to convince the reluctant to willingly go to the relocation camps. Ostensibly, this was to be done in lieu of sending in the SWAT teams.
I asked Mansfield if FEMA camps were real and he stated that much of the clergy training focused around this scenario of pastors operating within the forced relocation centers. The main goal of a pastor assigned to a FEMA was to bring order and encourage compliance with DHS requests, hence, the emphasis on Romans 13.
The pastors were forced to sign non-disclosure. Interesting, the pastors were told not to quote Scripture. The DHS document which was prepared for the pastors clearly stated that Scripture had been used to “oppress” people in the past and the presenters strongly discouraged the its use. Please see the following excerpt from one of the DHS training manuals:
Healing Scripture and Prayer In the Pastoral Crisis Intervention
“During a time of crisis people do go through a “crisis of faith.”Pastor Mansfield also revealed that pastors will be issued badges under the Clergy Response Team program. Any pastor not displaying the badge, indicating that they have been trained under these guidelines, will not be permitted into the established and designated “DHS safety zones”. This reminds me of the banishment of religious figures from Plymouth Colony who, in good conscience, refused to go along with some of the extremism of that day. Along these lines, the Clergy Response Team is also a “Kool-Aid drinking program”. Pastors are absolutely forbidden to publicly to speak about any aspect of the program. If you were to ask your pastor if they are a FEMA trained pastor, they will not likely tell you.
Sometime quick mention of God and scripture may not be helpful. As we all know the Scripture has been used to oppress, dominate and at the same time used for healing and reconciliation- renewing of relationship with God and people. If the pastor senses it is appropriate to use the scripture and prayer, it must carefully be done for healing of victims not to uphold pastoral authority.” (Page 14)
In other words, all legitimate pastoral authority was abrogated by the pastors who participated in the roundup of American citizens.
Also on page 14 of the same training document, pastors were admonished to avoid “Unhealthy God talk….” Specifically pastors are ordered to avoid using references to God when helping people cope with the loss of a loved one:
“4. God must have needed him/her more than you.”
“5. God never gives more than we can handle.“
Disturbingly, Pastor Mansfield reiterated several times that the number one job of these pastors is to calm down people and encourage their compliance within the people’s new surroundings.
Pastor Mansfield also stated that pastors will be utilized as informants. This violates the legal privilege of confidentiality between pastor and church-goer, that is currently recognized by law. All church-goers can no longer trust the sanctity of personal confessions and revelations made to pastors, priests or rabbis’. This one illegal act by DHS completely undermines the Christian Church in America!
At one time in American history, churches were viewed as sanctuaries for the downtrodden. That is not the case any longer for most churches and their pastors. Most of the medium to large size churches are completely compromised and are serving as virtual agents of the government. Pastor Mansfield told me that as many as 28,000 pastors have been recruited by the Clergy Response Team. Other estimates place this number as high as a 100,000 pastors have forsaken their duty God and have sold out to the dark side in order to save a little bit of tax money.
If what I am reading is correct and the Pope is declaring a New World Order on September 15 and the global currency reset will follow in a month and your money will be devalued by 90%, what will you do? Please allow me to suggest that if these people are correct in their projections, you have one month to obtain what you need to survive. Secondly, you should scrutinize your place of worship and leave if they are not preaching the unadulterated word of God. Form home Bible study groups, take back the salvation of your soul. This life is temporary, hell is forever!
Is your church going to turn into a FEMA camp? For most of us, it already has and the prisoner is your soul. DHS may not build bars around your church and confine your body, but the move on your soul has already been made. Exercise the free will to say no to this illegitimate authority./
Were Massive Cell Phone Outages Across Parts Of America Another 'Beta Test'? Is There A Jade Helm 15 Link To What Happened?
/
Venezuela Mass starvation expected in Venezuela after socialist government nationalizes food distribution system
/
PUERTO RICO DEFAULTS on its DEBT – Another Greece in the Works?
/
Georgia claims that publishing its state laws for free online is “terrorism”
Government officials have threatened “rogue archivist” Carl Malamud with legal action many times for his efforts to make public government documents widely available for free, but the state of Georgia has set a new standard for fighting this ridiculous battle: It’s suing Malamud forinfringing its copyright of state laws by — horrors — publishing them online.
The law has no copyright,
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8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent
Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis. As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market. I fully expect the next several months to be extremely chaotic, and I am far from alone. The following are 8 financial experts that are warning that a great financial crisis is imminent… (Read More....)
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Nine people in Birmingham being monitored after possible Ebola exposure
Alabama Media Group - A patient exhibiting Ebola-like symptoms was admitted to University of Alabama-Birmingham Hospital Tuesday night, and eight others are being quarantined or monitored after coming into contact with that patient...Two Birmingham rescue workers who came into contact with the patient were also taken to UAB Hospital, where they are being quarantined overnight. Two family members of the initial patient have been asked by officials to remain inside their home at 1612 17th Street SW, Birmingham police Lt. Joe Roberts said. Additionally, four other Birmingham emergency responders were quarantined outside the home and later taken to a "secure facility inside the (Birmingham) city limits," where they will remain overnight for monitoring.
* Related: Man with 'Ebola-like' symptoms under observation at UAB Hospital
---The Ebola vaccine we dared to dream of is here
The Guardian - More than 7,600 people in Guinea have received the vaccine, known as rVSV-ZEBOV, in a study that targeted people from communities with cases of Ebola. None who received it immediately has so far contracted the virus. That’s an efficacy of 100%. And not only has it been shown to be so effective, it has also been well tolerated, with few side effects. This is rare for vaccines such as this one that contain a live virus, and it’s something to be thankful for. It is in fact incredibly unusual for any vaccine to show such efficacy, and so swiftly, too.
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Pennsylvania to Become First State to Use “Precrime” Statistics in Criminal Sentencing
Liberty Blitzkrieg - Pennsylvania is on the verge of becoming one of the first states in the country to base criminal sentences not only on what crimes people have been convicted of, but also on whether they are deemed likely to commit additional crimes. As early as next year, judges there could receive statistically derived tools known as risk assessments to help them decide how much prison time — if any — to assign..
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Fifth Planned Parenthood Video: Official Brags That WHOLE BODIES OF BABIES are “Just A Matter Of Line Items”Steve Watson - A fifth video has been released that features a Planned Parenthood official haggling with potential ‘buyers’ (undercover reporters) about the sale of fetal body parts. This time the official discusses selling INTACT specimens – that is whole bodies of babies. The video, entitled Intact Fetuses “Just a Matter of Line Items,” for Planned Parenthood TX Mega-Center shows Melissa Farrell, director of research for Planned Parenthood Gulf Coast, talking about how an abortion can be performed in a specific way to ensure “intact fetal cadavers.” “So, if we alter our process and we are able to obtain intact fetal cadavers, then we can make it part of the budget that any dissections are this, and splitting the specimens into different shipments is this,” she says, adding “I mean that’s — it’s all just a matter of line items.”
* Related: Democrats Who Voted Against Defunding Planned Parenthood Never Even Watched The Exposé Videos
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Video Shows Cop Handcuffing Elementary School-Age Disabled Child Paul Joseph Watson - The ACLU has filed a federal lawsuit in response to a video which shows a deputy from the Kenton County Sheriff’s Office handcuffing a disabled elementary school child to restrain him. Deputy sheriff Kevin Sumner handcuffed two children, an 8-year-old boy and a 9-year-old girl.... The children are so small that the officer had to handcuff them around their biceps rather than their wrists. Both of the children have ADHD and other disabilities. The lawsuit charges that the actions of the officer caused the children trauma and pain. It also names names Kenton County Sheriff Chuck Korzenborn, accusing him of failing to adequately train and supervise Sumner.
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Police Can Now Take Your DNA for Mere 'Suspicion' of A Violent Crime Cop Block - On Monday August 3rd, 2015, the Dakota County (Minnesota) Sheriff’s Office became the first in the nation to implement a new Supreme Court ruling that allows police to collect DNA from those arrested for suspicion of a violent crime. The old laws stated that a conviction must occur before the state could steal your biological recipe… Although DNA evidence is often a powerful crime-fighting tool, its collection presents a number of ethical dilemmas. There remain many known and even more unknown dangers of an individuals genetic information being posted on the internet.
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Golden Dragon USA president Roger Zhang gives tour of his Alabama plant to state Governor Robert Bentley (AP photo)
Chinese Companies Find Cheap Labor in the U.S. South
AllGov - Textile companies have started to relocate to states in the South where labor is cheap by American standards. “The reasons for Keer coming here? Incentives, land, the environment, the workers,” Zhu Shanqing, the Keer Group chairman, said on a recent trip to the United States, according to The New York Times. Keer opened a cotton mill earlier this year in South Carolina. Labor salaries have tripled in China over the past decade, from $4.35 to $12.47 an hour. The average manufacturing wage in the U.S. is $22.32, which is still higher than in China. But when the costs of energy and materials are factored in, Chinese executives have concluded their businesses may be better off in the U.S. American states can provide tax breaks and subsidies and the companies get better prices on natural gas and cotton.
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FDA Adds Heart Attack and Stroke Warning to Some Painkillers - Try This Instead Natural Blaze - Earlier this month, the FDA announced it would be strengthening its warnings on non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs), updating what is already printed on many NSAID labels about the drugs’ increased risk of heart attack or stroke. The updated labels will include language which warns that these serious side effects can occur as early as the first few weeks of using an NSAID; that the risk may increase with longer use of the NSAID; and that the risk appears greater at higher doses.... The good news is there is research and clinical evidence supporting natural solutions for pain that are non-addictive and cost-effective....
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In anticipation of tough times, Shell slashed its 2015 capital expenditure budget by 20% and is going to lay off 6,500 high-paying jobs (not Burger King-type jobs) this year.
Look Out Below #2: UPS is a very good barometer of the consumer end of our economy: It’s the largest component of the Dow Jones Transportation Average both by sales and market valuation.
Six Warning Signs That The Economy Is In Trouble
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President Obama has instructed the EPA to cap Old Faithful to reduce carbon emissions. (AP Photo/Julie Jacobson,File) - See more at: http://nationalreport.net/obama-orders-epa-cork-old-faithful-geyser-lessen-climate-change/#sthash.n7m1CxGq.dpuf
Obama Orders EPA to “Cork” Old Faithful Geyser To Reduce Global Warming
“Old Faithful” geyser, the beloved National Historic Landmark and tourist attraction, will be “corked” by the Environmental Protection Agency to reduce the effects of climate change, according to a new Obama Executive Order issued to the Environmental Protection Agency (“EPA“).
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Shots fired at US military training centre
Shots were fired on Tuesday (Aug 4) near a US military training centre in Mississippi but no service members were hurt, a base spokesman said.
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FRANKLIN GRAHAM LAUNCHES INTO HARRY REID 'One day you will stand before God'
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27 THINGS THAT WILL HAPPEN IN SEPTEMBER-OCTOBER 2015-SEAL MAN’S LIST!
The law has no copyright,
/
8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent
Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis. As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market. I fully expect the next several months to be extremely chaotic, and I am far from alone. The following are 8 financial experts that are warning that a great financial crisis is imminent… (Read More....)/
Nine people in Birmingham being monitored after possible Ebola exposure
Alabama Media Group - A patient exhibiting Ebola-like symptoms was admitted to University of Alabama-Birmingham Hospital Tuesday night, and eight others are being quarantined or monitored after coming into contact with that patient...Two Birmingham rescue workers who came into contact with the patient were also taken to UAB Hospital, where they are being quarantined overnight. Two family members of the initial patient have been asked by officials to remain inside their home at 1612 17th Street SW, Birmingham police Lt. Joe Roberts said. Additionally, four other Birmingham emergency responders were quarantined outside the home and later taken to a "secure facility inside the (Birmingham) city limits," where they will remain overnight for monitoring.
* Related: Man with 'Ebola-like' symptoms under observation at UAB Hospital
---The Ebola vaccine we dared to dream of is here
The Guardian - More than 7,600 people in Guinea have received the vaccine, known as rVSV-ZEBOV, in a study that targeted people from communities with cases of Ebola. None who received it immediately has so far contracted the virus. That’s an efficacy of 100%. And not only has it been shown to be so effective, it has also been well tolerated, with few side effects. This is rare for vaccines such as this one that contain a live virus, and it’s something to be thankful for. It is in fact incredibly unusual for any vaccine to show such efficacy, and so swiftly, too.
/
Pennsylvania to Become First State to Use “Precrime” Statistics in Criminal Sentencing
Liberty Blitzkrieg - Pennsylvania is on the verge of becoming one of the first states in the country to base criminal sentences not only on what crimes people have been convicted of, but also on whether they are deemed likely to commit additional crimes. As early as next year, judges there could receive statistically derived tools known as risk assessments to help them decide how much prison time — if any — to assign..
/
Fifth Planned Parenthood Video: Official Brags That WHOLE BODIES OF BABIES are “Just A Matter Of Line Items”Steve Watson - A fifth video has been released that features a Planned Parenthood official haggling with potential ‘buyers’ (undercover reporters) about the sale of fetal body parts. This time the official discusses selling INTACT specimens – that is whole bodies of babies. The video, entitled Intact Fetuses “Just a Matter of Line Items,” for Planned Parenthood TX Mega-Center shows Melissa Farrell, director of research for Planned Parenthood Gulf Coast, talking about how an abortion can be performed in a specific way to ensure “intact fetal cadavers.” “So, if we alter our process and we are able to obtain intact fetal cadavers, then we can make it part of the budget that any dissections are this, and splitting the specimens into different shipments is this,” she says, adding “I mean that’s — it’s all just a matter of line items.”
* Related: Democrats Who Voted Against Defunding Planned Parenthood Never Even Watched The Exposé Videos
/
Video Shows Cop Handcuffing Elementary School-Age Disabled Child Paul Joseph Watson - The ACLU has filed a federal lawsuit in response to a video which shows a deputy from the Kenton County Sheriff’s Office handcuffing a disabled elementary school child to restrain him. Deputy sheriff Kevin Sumner handcuffed two children, an 8-year-old boy and a 9-year-old girl.... The children are so small that the officer had to handcuff them around their biceps rather than their wrists. Both of the children have ADHD and other disabilities. The lawsuit charges that the actions of the officer caused the children trauma and pain. It also names names Kenton County Sheriff Chuck Korzenborn, accusing him of failing to adequately train and supervise Sumner.
/
Police Can Now Take Your DNA for Mere 'Suspicion' of A Violent Crime Cop Block - On Monday August 3rd, 2015, the Dakota County (Minnesota) Sheriff’s Office became the first in the nation to implement a new Supreme Court ruling that allows police to collect DNA from those arrested for suspicion of a violent crime. The old laws stated that a conviction must occur before the state could steal your biological recipe… Although DNA evidence is often a powerful crime-fighting tool, its collection presents a number of ethical dilemmas. There remain many known and even more unknown dangers of an individuals genetic information being posted on the internet.
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Golden Dragon USA president Roger Zhang gives tour of his Alabama plant to state Governor Robert Bentley (AP photo)Chinese Companies Find Cheap Labor in the U.S. South
AllGov - Textile companies have started to relocate to states in the South where labor is cheap by American standards. “The reasons for Keer coming here? Incentives, land, the environment, the workers,” Zhu Shanqing, the Keer Group chairman, said on a recent trip to the United States, according to The New York Times. Keer opened a cotton mill earlier this year in South Carolina. Labor salaries have tripled in China over the past decade, from $4.35 to $12.47 an hour. The average manufacturing wage in the U.S. is $22.32, which is still higher than in China. But when the costs of energy and materials are factored in, Chinese executives have concluded their businesses may be better off in the U.S. American states can provide tax breaks and subsidies and the companies get better prices on natural gas and cotton.
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FDA Adds Heart Attack and Stroke Warning to Some Painkillers - Try This Instead Natural Blaze - Earlier this month, the FDA announced it would be strengthening its warnings on non-aspirin nonsteroidal anti-inflammatory drugs (NSAIDs), updating what is already printed on many NSAID labels about the drugs’ increased risk of heart attack or stroke. The updated labels will include language which warns that these serious side effects can occur as early as the first few weeks of using an NSAID; that the risk may increase with longer use of the NSAID; and that the risk appears greater at higher doses.... The good news is there is research and clinical evidence supporting natural solutions for pain that are non-addictive and cost-effective....
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In anticipation of tough times, Shell slashed its 2015 capital expenditure budget by 20% and is going to lay off 6,500 high-paying jobs (not Burger King-type jobs) this year.
Look Out Below #2: UPS is a very good barometer of the consumer end of our economy: It’s the largest component of the Dow Jones Transportation Average both by sales and market valuation.
Six Warning Signs That The Economy Is In Trouble
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President Obama has instructed the EPA to cap Old Faithful to reduce carbon emissions. (AP Photo/Julie Jacobson,File) - See more at: http://nationalreport.net/obama-orders-epa-cork-old-faithful-geyser-lessen-climate-change/#sthash.n7m1CxGq.dpuf
Obama Orders EPA to “Cork” Old Faithful Geyser To Reduce Global Warming
“Old Faithful” geyser, the beloved National Historic Landmark and tourist attraction, will be “corked” by the Environmental Protection Agency to reduce the effects of climate change, according to a new Obama Executive Order issued to the Environmental Protection Agency (“EPA“).
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Shots fired at US military training centre
Shots were fired on Tuesday (Aug 4) near a US military training centre in Mississippi but no service members were hurt, a base spokesman said.
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FRANKLIN GRAHAM LAUNCHES INTO HARRY REID 'One day you will stand before God'
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27 THINGS THAT WILL HAPPEN IN SEPTEMBER-OCTOBER 2015-SEAL MAN’S LIST!
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Here are the 14 members of PP’s Clergy Advisory Board (from Google cache): 3 Reform Jews; 3 Epicopalians; 2 United Church of Christ; 2 Baptists; 1 Unitarian; 1 Christian Church DOC (whatever that is); 1 Sufi; and 1 Muslim.
1. Chair: Rabbi Jon Adland, Canton, OH, Reform Jewish
2. Vice Chair: Rev. Susan Russell, All Saints Episcopal Church, Pasadena, CA, Episcopal
3. Rev. David A. Ames, Providence, RI, Episcopal
4. Rev. Tom Davis, Saratoga Springs, NY, United Church of Christ
5. Rev. Dr. Gawain F. de Leeuw, White Plains, NY, Episcopal
6. Rev. Kevin Jones, Greenacres, FL, Baptist
7. Rev. Dr. Daniel Kanter, First Unitarian Church of Dallas, Dallas, TX, Unitarian.
8. Rev. Vincent Lachina, Seattle, WA, American Baptist
9. Rev. Jeremy Lopez, Salem United Church, Tonowanda, NY, United Church of Christ
10. Rev. Janet Maykus, Indianapolis, IN, Christian Church DOC
11. Rabbi Dennis Ross, Concerned Clergy for Choice, Albany, NY, Reform Jewish
12. Dr. Scott L. Sattler, former PP abortionist, Eureka, CA, Universal Sufism
13. Rabbi Peter Stein, Temple B’rith Kodesh, Rochester, NY, Reform Jewish
14. Ani Zonneveld, Muslims for Progressive Values, Los Angeles, CA, Muslim
Planned Parenthood’s Clergy Advisory Board says the abortion mill 'is doing God’s work’ 2. Vice Chair: Rev. Susan Russell, All Saints Episcopal Church, Pasadena, CA, Episcopal
3. Rev. David A. Ames, Providence, RI, Episcopal
4. Rev. Tom Davis, Saratoga Springs, NY, United Church of Christ
5. Rev. Dr. Gawain F. de Leeuw, White Plains, NY, Episcopal
6. Rev. Kevin Jones, Greenacres, FL, Baptist
7. Rev. Dr. Daniel Kanter, First Unitarian Church of Dallas, Dallas, TX, Unitarian.
8. Rev. Vincent Lachina, Seattle, WA, American Baptist
9. Rev. Jeremy Lopez, Salem United Church, Tonowanda, NY, United Church of Christ
10. Rev. Janet Maykus, Indianapolis, IN, Christian Church DOC
11. Rabbi Dennis Ross, Concerned Clergy for Choice, Albany, NY, Reform Jewish
12. Dr. Scott L. Sattler, former PP abortionist, Eureka, CA, Universal Sufism
13. Rabbi Peter Stein, Temple B’rith Kodesh, Rochester, NY, Reform Jewish
14. Ani Zonneveld, Muslims for Progressive Values, Los Angeles, CA, Muslim
---Bobby Jindal Cuts Off Funding For Planned Parenthood, And Says That 'Planned Parenthood Does Not Represent The Values Of The People Of Louisiana And Shows A Fundamental Disrespect For Human Life'
----------AN OPEN LETTER TO AMERICA'S PASTORS: The videos of Planned Parenthood’s diabolical harvesting of baby body parts has exposed the true nature of abortion for all of the world to see
Gerald Celente – Plunge In Commodity Prices Worst Since 2008, Is There Panic On The Street?
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You Can Add Iraq And Ukraine To The List Of Economies That Are Collapsing
The list of nations around the globe that have collapsing economies just continues to grow. In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America. But there are more economic flashpoints that I have not even addressed yet. For example, did you know that a full-blown economic collapse is happening in Iraq right now? And did you know that the economy of Ukraine is contracting rapidly and that it cannot pay its debts? Back in 2008, the financial crisis was primarily centered on the United States, but this time around it is turning out to be a truly global phenomenon. (Read More....)/
Greek stocks continue free fall, Tsipras says bailout talks on ‘final stretch’RT - The bloodbath on the Greek stock market continued for the third day in a row, after the exchange reopened following a five-week shutdown. The Greek banking sector has led the rout, which has wiped out half their value this week.
Piraeus Bank, Eurobank and Alpha Bank sank almost 30 percent as of 12:30 GMT, while the National Bank of Greece plunged 25.62 percent. The four banks – National Bank of Greece, Piraeus Bank, Alpha Bank, and Eurobank – account for 91 percent of Greek banking assets.
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New Hampshire Executive Council Votes To Defund Planned Parenthood Truth in Media - New Hampshire Executive Councilors Chris Sununu, David Wheeler and Joe Kenney voted to end the state’s contract with Planned Parenthood, essentially ending the state’s funding of the Planned Parenthood of Northern New England facilities. In a statement, New Hampshire Republican State Committee Chairman Jennifer Horn said: “The appalling videos showing Planned Parenthood executives discussing the sale of human body parts have raised serious and legitimate concerns. Instead of calling for an investigation of Planned Parenthood’s potentially criminal activity, Governor Hassan has turned a blind eye to this controversy and tried to give more taxpayer dolla.rs to this scandal-plagued organization.
---Aborted Human Fetus Brains Are Being Transplanted Into Mice
Steve Watson - While the Planned Parenthood harvesting scandal rumbles on, fewer news items have actually focused on what those who procure aborted fetal tissue and organs are actually doing with it. Pro life website LifeNews.com sheds some light on this today with a piece that reveals the brains of aborted babies are being transplanted into mice. The article notes that a recent commentary piece in The Scientist, entitled “When Does a Smart Mouse Become Human?” highlights how researchers at the University of Rochester injected lab mice with glial cells from human fetuses, and discusses the ethical issue of transplanting human cells into animals.... The article then goes on to reveal that the Glial cells were obtained from second trimester abortions (18–22 weeks), citing a paper in the Journal of Neuroscience.
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Crude Carnage Continues As Goldman Warns "Storage Is Running Out"
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"I Pay $271 A Month To Schools And I Don't Have Kids": Illinois Bureaucracy Sucks Homeowners Dry
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FBI: Men could be trying to get info from military members -
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Gun-Confiscation Fears Lead to Protest in Idaho...
- BOISE, Idaho (AP) -- A group of residents in northern Idaho lined up outside a U.S. Navy veteran's house on Thursday to protest claims that federal officials are planning on confiscating the man's weapons.
Idaho Republican state Rep. Heather Scott of Blanchard said the Veteran Affairs office has sent a letter to John Arnold of Priest River warning him that he cannot possess or purchase firearms.
The protest -spearheaded by Scott- attracted roughly 100 people. Among them were Bonner County Sheriff Daryl Wheeler, who promised to stand guard against any federal attempts to remove Arnold's guns, and Republican Washington state Rep. Matthew Shea of Spokane Valley, who described the event as a "defiance against tyranny."
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Stocks Drop on Media Meltdown...
Biggest collapse in media companies since '08... CEOs See Pay Packages Plummet in Rout... TWITTER SLAMMED AGAIN...
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The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market, We Are Watching A Similar Thing Happen In 2008
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America this is happening in your Country (The cop says, "are you some CONSTITUTIONIST") UNDERSTAND WHAT HAPPENING IN YOUR COUNTRY
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Record 93,770,000 Americans Not in Labor Force...
Participation Rate 38-Year Low...
Record 56,209,000 Women Not Working...
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STOCKMAN: FED-DRIVEN MARKET BOOM 'OVER'...
'Disaster waiting to happen'...
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WIRE: Men's Fashion Headed for Gender-Bending Moment Unseen Since the '70s...
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Syrian Christians denied entry into the United States, archbishops say :They said that while they do not believe the discrimination against giving Christians visas goes all the way to the top of America's administration, their people have noticed the inju
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Food seizures begin: Venezuela farmers ordered to turn over their food to the government
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If you are walking in willful disobedience to God's Word, if the consistent pattern of your life is the practice of sin and the deeds of the sinful nature that Paul describes in 1 Corinthians 6:9-10, Galatians 5:19-21 and Ephesians 5:3-7, then you must question your salvation.
Any teaching that opens the door to false assurance and loose living is not from God.
False Converts and Fashionable Christians :A wave of watered-down and milquetoast "Churchianity" has flooded the church world. A nonconfrontational gospel has failed miserably to deal with sin and repentance. /Source: DHS To Propose Moving ICE Border Funds To Other Agencies
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Photo: Breitbart Texas/Lana Shadwick
AUSTIN, Texas – Texas Sheriffs, the Lieutenant Governor, and experts in immigration related issues met at the State Capitol on Wednesday to discuss the federal government’s creation of a sanctuary state for criminal aliens through its Priority Enforcement Program (PEP).
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Since 2007: 1.4 million manufacturing jobs lost, 1.4 million waiter/bartender jobs gained
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Donald Trump: Megyn Kelly ‘behaved very nasty to me’ – A FOX in sheep clothing.
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Islamic State abducts dozens of Christians from Syrian town
Islamic State militants have abducted dozens of Christian families after seizing a strategically located town in the central Syrian province of Homs, a monitor said on Friday. The UK-based Syrian Observatory for Human Rights said at least 230 people were kidnapped, including dozens of Christians, some of whom were taken from a church in Qaryatain, the town captured overnight after heavy fighting with the Syrian army.
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In September 2015, Agenda 21 Will Be Transformed Into The 2030 Agenda
If you didn’t like “Agenda 21″, then you really are not going to like “The 2030 Agenda”. Next month, the United Nations is going to launch “The 2030 Agenda” at a major conference that will be held from September 25th to September 27th in New York City. The Pope is actually traveling to New York to deliver an address which will kick off this conference. Unlike Agenda 21, which primarily focused on the environment, the 2030 Agenda is truly a template for governing the entire planet. In addition to addressing climate change, it also sets ambitious goals for areas such as economics, health, energy, education, agriculture, gender equality and a whole host of other issues. As you will see below, this global initiative is being billed as a “new universal Agenda” for humanity. If you are anything like me, alarm bells are going off in your head right about now. (Read More...)/
The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market
In an eerie repeat of what we witnessed in 2008, U.S. stocks are steadily sliding throughout the summer as we head toward the month of September. From August 1st, 2008 to September 1st, 2008 the Dow fell by nearly 700 points. And of course we all remember what happened the following month. Right now, we are watching a similar thing happen. The Dow has plummeted nearly 700 points since July 16th, and it is down nearly 900 points from the peak of the market back in May. At this point the Dow has now fallen for six days in a row and eleven of the last thirteen. Of course most of the talking heads on television are still insisting that everything is going to be just fine and that a repeat of 2008 is not possible. So what do you think? Should we trust them? (Read More....)/
China has spent $144 billion (€132bn) to bolster the country’s fragile stock market since June, Goldman Sachs has estimated, but still has more than that amount in reserve to deploy if stocks resume their sharp descent. The coalition of state financial institutions – the “national team” – has a war chest of roughly $322 billion
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RICHARD LITTLEJOHN asks why a Christian who opposes gay marriage faces prosecution while radical Muslim preachers are allowed to rant against homosexuality Christians who oppose gay marriage face prosecution for ‘hate crime’ under new anti-terrorism laws. I’m sorry, just run that by me again. So the Government introduces legislation to tackle Islamist hate preachers and the next thing you know it’s Christians being put in the dock because they believe marriage should be between a man and
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John Stone-Hoskins sealed a decade of love for his partner with a marriage ceremony in New Mexico last summer, only to lose it all when his husband James took his own life in February. Making matters worse, the Conroe, Tex., widower says his home state has refused to recognize their marriage. John Stone-Hoskins filed a
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Federal court rules that bumper stickers, air fresheners are reasonable suspicion of criminal activity Police State USA - A panel of judges unanimously held that the presence of bumper stickers, air fresheners, and religious symbols in a vehicle can be considered “reasonable suspicion of criminal activity” during a traffic stop. The case stems from a March 9, 2011, traffic stop that took place along U.S. Highway 77 in Kingsville, Texas. Officer Mike Tamez of the Kingsville Police Department observed a Chevy Tahoe with a woman behind the wheel, going 2 MPH above the posted speed limit. The family vehicle had a man in the passenger seat and a young girl in the back. The vehicle’s bumper was decorated with a Drug Abuse Resistance Education (D.A.R.E.) sticker and other “pro-police” decals. There were also a few rosaries hanging from the rear view mirror, and some air fresheners visible. From these visual clues alone, Officer Tamez “concluded that they were probably drug runners.” He pulled them over for speeding, with the premeditated intention of searching the vehicle for drugs.
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Trump Warns The Fed "Is Creating A Bubble That Could Explode"(Video) Zero Hedge - Paul Volcker's "policy and demeanor were very solid," explains Donald Trump in a brief Bloomberg interview, point out that the inflation-taming Fed head is a role model for the type of central banker he would pick. While admitting he "has always done well in a low rate environment," Trumps slammed the current Fed's ZIRP for "creating a bubble.. and the bubble could explode." Trump had - as usual - plenty to say on topics from Ex-Im Bank (against it as not "free enterprise"), to campaign financing (favoring full transparency of money in politics) careful to brag - jabbing at The Kochs - that "I don't need anybody else's money." BloombergTV "With All Due Respect" Interview...
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TBTF Mega Banks Lowering Downpayments and Credit Standards to Keep High End Housing Market Going Liberty Blitzkrieg - What do you do when even wealthy people begin to face an increasingly hard time purchasing a home in a vertical market completely disconnected from income trends? You reduce downpayments and lower credit standards, of course. From the Wall Street Journal: The nation’s largest bank by assets plans to announce Wednesday that it is lowering the minimum credit score and down payment it requires for mortgages as big as $3 million. The New York firm’s moves follow similar steps at Bank of AmericaCorp., Wells Fargo & Co. and other banks on requirements for “jumbo” mortgages—those that exceed $417,000 in most parts of the country or $625,500 in pricier markets. At the same time, some big banks are backing away from smaller loans where they see higher regulatory costs and litigation risks. Guess it’s gonna be shipping container apartments for everyone else.
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The Economic Carnage Continues Layoffs 34% Higher Than Last Year -
Federal court rules that bumper stickers, air fresheners are reasonable suspicion of criminal activity Police State USA - A panel of judges unanimously held that the presence of bumper stickers, air fresheners, and religious symbols in a vehicle can be considered “reasonable suspicion of criminal activity” during a traffic stop. The case stems from a March 9, 2011, traffic stop that took place along U.S. Highway 77 in Kingsville, Texas. Officer Mike Tamez of the Kingsville Police Department observed a Chevy Tahoe with a woman behind the wheel, going 2 MPH above the posted speed limit. The family vehicle had a man in the passenger seat and a young girl in the back. The vehicle’s bumper was decorated with a Drug Abuse Resistance Education (D.A.R.E.) sticker and other “pro-police” decals. There were also a few rosaries hanging from the rear view mirror, and some air fresheners visible. From these visual clues alone, Officer Tamez “concluded that they were probably drug runners.” He pulled them over for speeding, with the premeditated intention of searching the vehicle for drugs.
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Trump Warns The Fed "Is Creating A Bubble That Could Explode"(Video) Zero Hedge - Paul Volcker's "policy and demeanor were very solid," explains Donald Trump in a brief Bloomberg interview, point out that the inflation-taming Fed head is a role model for the type of central banker he would pick. While admitting he "has always done well in a low rate environment," Trumps slammed the current Fed's ZIRP for "creating a bubble.. and the bubble could explode." Trump had - as usual - plenty to say on topics from Ex-Im Bank (against it as not "free enterprise"), to campaign financing (favoring full transparency of money in politics) careful to brag - jabbing at The Kochs - that "I don't need anybody else's money." BloombergTV "With All Due Respect" Interview...
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TBTF Mega Banks Lowering Downpayments and Credit Standards to Keep High End Housing Market Going Liberty Blitzkrieg - What do you do when even wealthy people begin to face an increasingly hard time purchasing a home in a vertical market completely disconnected from income trends? You reduce downpayments and lower credit standards, of course. From the Wall Street Journal: The nation’s largest bank by assets plans to announce Wednesday that it is lowering the minimum credit score and down payment it requires for mortgages as big as $3 million. The New York firm’s moves follow similar steps at Bank of AmericaCorp., Wells Fargo & Co. and other banks on requirements for “jumbo” mortgages—those that exceed $417,000 in most parts of the country or $625,500 in pricier markets. At the same time, some big banks are backing away from smaller loans where they see higher regulatory costs and litigation risks. Guess it’s gonna be shipping container apartments for everyone else.
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Fed Rate Hike Could Crush Economy
It has been claimed by government bean counters the economy is improving, albeit slowly. Yet the revenues of many companies are not reflecting that growth so who are we to believe.
The Federal Reserve's long-anticipated rate hike appears to be coming closer because "the jobs market is stabilizing." Once again you must look at the quality of the jobs, not just the number. That's where things run off-track.
The Fed's most favored inflation measure, Personal Consumption Expenditures (PCE) is showing a paltry .3% growth rate. If he jobs market is stable why is this number so low? The secondary problem is in the Fed's measured "growth rate" for the core PCE. That is running at 1.3%, far below the 2% target range.
The real sticking point is the lack of inflation--on paper--despite the printing press run. But the nagging gap between the economic growth and the slowing PCE shows inflation is already here.
The disconnect between Washington rhetoric and what the average American is seeing is getting worse. American spending is down, on average, from what it was three years ago because the spending dollars are not there. After paying for energy, food and housing, the extra dollars that should be there from the increased number of jobs simply isn't materializing. This is because while energy has had a drop, housing , according to the latest Case-Schiller survey is up a whopping 8% this year. If this is truly the case, then why aren't the banks proceeding with foreclosure efforts against the 25% of homeowners delinquent in their mortgage payments?
Another sore point in the economy is that consumer price inflation rates are judged to be .1% here, still far below the 2% rise the Fed was targeting. But, taking out housing, that means everything else is slipping downward. Where is that in the equation the Fed is using to promote a rate hike?
A recent poll that showed 72% of American households could not stand even a $400 bill appears to have been missed. In essence the Federal Reserve plods along with plans to raise interest rates. To the average indebted American household this could be a death knell, putting even more people into the welfare lines.
Bill Fleckenstein, a notorious gloomy short seller, warns the entire market is facing a calamity. "The markets are uniquely crash-prone. I don't think there is going to be any painless back door this time," he told CNBC. One of the main reasons he cited was the massive QE tactics the Fed did over the past few years. "The markets has been surging on the fumes of the QE program. That was unlike anything we've seen before. Still, the market is a lot weaker than the averages look like."
The central banks appear calm as serene as a duck on the pond. But behind the scenes they are trying to shore up the inevitable collapse from their devaluation tactics with the same furious activity the duck is having underwater.
Currently the Greek situation seems that their creditors will swallow a pill, extend more credit in the hopes they can make it work until they figure out a way to fill the void in their accounts. Puerto Rico is another matter that typifies the Greek problem.
Puerto Rico has $72 billion in debt. Its annual economy is just about half of that total. On Monday the island commonwealth had a payment due for interest and bond redemption totally $58 million. It managed to make a partial payment, ah a token payment actually, of $628 THOUSAND! For those of you without a calculator that's a mere 1.08% of what was due. Try doing that with your debt at home and find out the consequences.
How did the economist analysts respond? Tom Hutchinson, senior editor of Newsmax, said, "The only way out is through strong economic growth."
Not to be sarcastic but that is a childish response to assessing the global economic slowdown. If achieving strong economic growth were as easy as snapping one's fingers, no country would ever have a slowdown.
The truth is the analysts are running out of excuses, out of ways to eke out minimal growth from a dwindling pile of positive reports and their lousy "government is the answer" education hasn't provided the nudge they expected.
But like the Fed, they seem to have the doe or die attitude of "Damn the torpedoes, full speed ahead." A miniscule rate hike at this juncture could very well be the straw that breaks the camel's economic back.
"I have sworn on the altar of God eternal hostility to every form of tyranny over the mind of man."--Thomas Jefferson
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Push for Nuke Deal, Economic Trouble Coming, California Drought Continues, GOP Debate
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The Economic Carnage Continues Layoffs 34% Higher Than Last Year -
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