Archive for December, 2010

The Euro Currency Area Has Only A One-In-Five Chance Of Surviving In Its Current Form, Think Tank Relates

December 31, 2010

Tim Castle of Reuters reports The euro currency area has only a one-in-five chance of surviving in its current form over the next 10 years because of competitive imbalances between its members, a leading British think tank said. The Center for Economics and Business Research said Spain and Italy would have to refinance over 400 billion euros ($530 billion) of bonds in the spring, potentially sparking a fresh crisis within the 16-nation euro area.

Duane and Shelley Muir believe the economies of Europe will continue to dissolve, requiring a major restructuring of the EU into a Super-State and this in fulfillment of Bible Prophecy of Daniel that a Revived Roman Empire will come to rule in Europe.

Bible Prophecy Becomes More Clear Through Reading The News

December 31, 2010

RawStory provides the Agences France-Presse report: Air-powered batteries, 3-D cellphones that project holographs and personalized commutes are among the predictions of IBM scientists gazing into their crystal balls. Also on the cards: 3-D and holographic cameras that fit into cellphones allowing video chat with “3-D holograms of your friends in real-time.”

Apple’s patented hologram technology will provide a holographic experience to watch and to be observed; a connected life, that is, a digital life, human network, visual networking, and telepresence experience. 

Such news seems to fulfill Bible prophecy communicated by the Apostle Paul in Revelation 13:14-15, that although most of the world will initially hail the Sovereign as a political savior, three-and-a-half years into the covenant, he will revoke a middle east peace pact by invading Israel and establishing Jerusalem as his world capital. He will outlaw all religions, except the worship of himself. And a hologram, that is a holographic image of himself,  will be empowered to speak and “cause those who refuse to worship it to be killed”.  

Being half way through the Tribulation, this will introduce The Great Tribulation, at which time, a remnant of God’s people with find sanctuary here on Earth for a time, times, and half a time, that is the last forty-two months of the Beast’s rule.      

The Abomination of Desolation involves a specific worldwide practice in the end times that is an abomination to God. This abomination will lead to the desolation (destruction) of many people and nations. This abomination begins when the Sovereign  claims to be God, and when he demands that all accept his claim to sovereignty, as evidenced by worshipping him as God. This legal decree of the Sovereign will cause great desolation worldwide.

The abomination is disdainful, as he sits in the holy place in the Jerusalem Temple, and as he forces all into luciferian worship.

God will destroy the people who worship him by the plagues in the Book of Revelation (7 seals, 7 trumpets and 7 bowls of wrath).

This brings to mind a previous abomination and desolation, of another king recorded in Daniel 3:1-6: “Nebuchadnezzar the king made an image of gold, whose height was sixty cubits and its width six cubits … and whoever does not fall down and worship shall be cast immediately into the midst of a burning fiery furnace.”

The hologram that talks, along with the mark of the Beast, Revelation 13:15-16, will be the main vehicles to enforce the worldwide worship of the Sovereign. With the hologram, one will one will have a means of worship, something to give worship to, as well as to be watched and observed via over what will likely be a type of interactive global Wi-Fi. One will observe and be observed during one’s worship. Sign Posts Of The Times in article Apple patent reveals plans for holographic display relates that a recently granted patent reveals that Apple, the company behind the iPod and iPhone, has been working on a new type of display screen that produces three-dimensional and even holographic images without the need for glasses. The technology could be used to produce a new generation of televisions, computer monitors and cinema screens that would provide viewers with a more realistic experience. Richard Gray of the Telegraph reports that this technology would also create images that appear to be holographic because of the ability to track the observers movements: “An exceptional aspect of the invention is that it can produce viewing experiences that are virtually indistinguishable from viewing a true hologram. “Such a “pseudo-holographic” image is a direct result of the ability to track and respond to observer movements.

The mark of Revelation 13:16-18, is a sacrament, that is an outward sign or outward proof, of one’s covenant to worship the Sovereign. People will not accidentally take this mark. Just as no one intentionally calls upon the name of the Lord for life, the mark will only be taken by those who willingly understand what they are doing.

The Abomination of Desolation is a term that is used both for an activity and a time period. Daniel confirms three and one-half years as his rule: “from the time that the daily sacrifice is taken away, and the Abomination of Desolation is set up, there shall be 1,290 days.” (Dan 12:11)

Daniel relates he is a vile person (who) shall come in peaceably, and seize the kingdom by intrigue. (Dan. 11:21)

The coming of the lawless one is according to the working of Satan, with all power, signs, and lying wonders (2 Thes. 2:9)

Honda Accord Rated One Of The Ten Best Cars Of The Decade

December 30, 2010

Kiplingers reports that the Honda Accord is one of the ten best cars of the decade, relating that for most of the decade, the Accord has vied with the Toyota Camry for overall best-seller in the U.S. But Accord has outshone Camry in the Kiplinger rankings, winning four nods in the past ten years, to Camry’s two.

Due to poverty restrictions, your blog host has been carless for twelve years, yes count them … twelve years. I’ve owned many bicycles over the years, the best brand has been the Raleigh. This month, due to aging, that is getting older, I’ve given up bicycling altogether: there is an end to all things. I now walk to where I need to go, or take the local bus. My budget for transportation is $40 a month. And I bet you thought I was like wealthy!! Ha-ha, not me. I have been living in poverty for the last twelve years — my income is well under the federal poverty level, yet I write for the regard of my blog readers.   

All I’ve got is The Faith Of The Son Of God. Perhaps one might enjoy my article Gold And Silver Are Precious Financial Assets …. But The Faith Of Jesus Christ Is What Is Necessary

Many Double Up As Last Best Hope Before Going Homeless And Living In Cars

December 30, 2010

I … Michael Luo of The New York Times reports in article Doubling Up reports: Of the myriad ways the Great Recession has altered the country’s social fabric, the surge in households like the Maggis’, where relatives and friends have moved in together as a last resort, is one of the most concrete, yet underexplored, demographic shifts.

Census Bureau data released in September showed that the number of multifamily households jumped 11.7 percent from 2008 to 2010, reaching 15.5 million, or 13.2 percent of all households. It is the highest proportion since at least 1968, accounting for 54 million people.

Even that figure, however, is undoubtedly an undercount of the phenomenon social service providers call “doubling up,” which has ballooned in the recession and anemic recovery. The census’ multifamily household figures, for example, do not include such situations as when a single brother and a single sister move in together, or when a childless adult goes to live with his or her parents.

For many, the arrangements represent their last best option, the only way to stave off entering a homeless shelter or sleeping in their cars. In fact, nearly half of the people in shelters in 2009 who had not previously been homeless had been staying with family members or friends, according to a recent report, making clear that the arrangements are frequently a final way station on the way to homelessness.

A New York Times analysis of census “microdata,” prepared by the University of Minnesota’s state population center, found that the average income of multifamily households in the records fell by more than 5 percent from 2009 to 2010, twice as much as households over all, suggesting that many who are living in such arrangements are under financial siege.

Holly’s parents had been enduring their own financial struggles. Mr. Maggi, 58, lost his job as a high-end furniture maker in early 2009. Complicating matters, he and his wife had allowed Holly’s older sister, her husband and their two children to move in with them after they lost their home to foreclosure in 2008. They finally scraped together the money to move out just a week before Holly arrived with her family.

“I was just thinking, ‘Is it ever going to end?’ ” Mr. Maggi said. “I thought I was done raising my kids.”

Nevertheless, the Maggis said there was never any question about their taking in Holly and her young family.

“She didn’t have any other options,” said Kathy Maggi, 53, who has not worked for several years because of health problems. “It was here or on the streets.”

Back in Gainesville, Holly Maggi had worked as a manager at a self-storage facility before being laid off in 2007. She eventually took a job at a Häagen-Dazs, only to lose that as well. Mr. Wilson’s job as a flooring contractor sustained them, until that work also dried up in early 2009.

II … Going homeless is not good, as one carries the smell of the fire in one’s clothes; and many times, one can fall into the fire or one can suffer serious burns from having one’s tent catch on fire from the use candle of candles. Furthermore, the constant sound of rain beating down on the tent can cause one to literally “go nuts”.

Each Successive European Bailout Has Been Producing Smaller And Smaller Effects, Systemic Risk Will Hit All At Once, Analyst Says

December 30, 2010

Graham Summers of  Phoenix Capital Research relates in his daily newsletter: The Euro As a Concept Is Finished

1)   Each successive bailout will produce smaller and smaller effects until systemic risk hits all at once

2)   The world’s central banks are in fact powerless to stop systemic risk once contagion hits

3)   The powers that be will do everything they can to maintain the illusion of control despite the clear fact contagion is spreading

4)   To the unthinking masses, things will appear to be alright right until we’re literally in the eye of the storm

We now see the same drama unfolding in Europe. It is clear to anyone with a thinking brain that Greece, Ireland and the like will never pay their debts off. Moreover, the European Central Bank (ECB) will not be able to do anything to stop the now accelerating collapse.

Indeed, consider that while Greece and the ECB proclaimed “all is well” for five months, the Euro nose-dived from December (when Greece first caught headlines) until June when the ECB announced a $1 trillion bailout.

This $1 trillion bailout kicked off a relief rally from June to early November. However, at that point it was clear that:

1)   The European situation was much, much bigger than just one country

2)   $1 trillion would not be adequate to solve the problem

Since then, the Euro has begun to breakdown in a major way. Timing this breakdown will not be easy. The powers that be will do all they can to intervene and attempt to stop this from happening.  However, these interventions ultimately do nothing to change the big picture.

The big picture is that the Euro is on the verge of entering a “systemic risk” period similar to what happened in the US in Autumn 2008. This period will feature accelerating contagion combined with panic selling that will push the Euro down to test its June 2010 low and potentially break it. (His monthly chart of the Euro, $XEU, shows that it entered an Elliott Wave 3 of 3 down at 141.50 on November 4, 2010; and the daily chart of the Euro, FXE, show that it entered an Elliott Wave 3 of 3 of 3 down at 133.30 on December 13, 2010.)  

This break-down in the Euro will coincide with a rally in the US Dollar and a drop in stocks and commodities across the board. It this sounds like 2008 all over again, you’re right, we’ve essentially re-entered that exact environment.

The only difference is that after the collapse is finished, investors will then set their sites on the US Dollar as the next currency to fall. That’s when inflation will accelerate as the US Dollar collapses, destroying purchasing power while inflation hedges EXPLODE higher. (This is called hyper inflation or a crack up boom).

 I recently detailed three such investments in a Special Report titled, The Inflationary Storm.

Industrial REITS Move Higher As Boston Properties Markets Its Properties And Buys The Hancock Tower

December 30, 2010
I … Industrial REITS, such as  First Industrial Realty Trust, FR, moved higher as Boston Properties markets its properties and buys The Hancock Tower.
II … Eliot Brown of The Wall Street Journal reports in article Beacon Partners To Sell KeyAsset In 20 Property Deal   

Beacon Capital Partners is planning to sell its most valuable asset in a 20-property portfolio of office buildings in Washington, D.C. and Seattle, a move that follows a recent modification of a $2.7 billion loan that urges the company to sell assets.

The Boston-based firm expects to start marketing the 678,000-square-foot Market Square property in January, a person familiar with the company’s plans said. The decision comes as an agreement reached earlier this month between Beacon and lenders on the loan encourages the company to shed properties to pay down debt, according to a summary of the modification terms provided to investors.

The two-building property north of the national mall has been among the best performing in Beacon’s 10 million square foot portfolio, which the firm picked up from Blackstone at the market’s crest in 2007.

While many other buildings have seen income stay flat or fall, Market Square’s increased by more than $3 million to $26 million between 2007 and 2009, according to the real-estate research firm Trepp.

The loan modification reached earlier this month with special servicer C-III Asset Management came as the portfolio was barely generating enough cash to cover debt payments. The servicer, acting on behalf of the investors in the mortgage, which was converted into commercial mortgage backed securities, gave Beacon a five-year extension on the loan’s maturity to 2017 and agreed to temporarily lower interest payments. Office buildings at Reston Town Center in Reston, Va., part of the portfolio of real estate that Beacon Partners recently reworked with lenders. In turn, the terms push Beacon to pay down debt by at least $900 million through sales or refinancings. The summary presented to investors says the firm “shall begin a series of individual asset sales in order to commence the deleveraging of the loan in advance of its original maturity date.” Beacon is not required to sell specific buildings, but the modification’s structure puts strong pressure on the firm to sell Market Square by giving Beacon a lower interest rate on the portfolio’s debt if that specific property is sold by June 30. Based on a high occupancy and strong demand in the Washington, D.C. market, the property could potentially sell for about $450 million, according to Julia Tcherkassova, an analyst at Barclays Capital, making it likely the most valuable property in the portfolio. The building also has $132 million of non-CMBS debt, she says. “It definitely makes sense to sell it,” she says.

III … Vittorio Hernandezof AHN News reports Boston Properties purchased the landmark John Hancock Tower for $930 million. The 62-floor glass skyscraper, located at the city’s Back Bay, was one of the first prized buildings to flounder when the property boom ended in 2008.

The edifice was initially purchased at a foreclosure auction 18 months ago by Normandy Real Estate Partners and Five Mile Capital Partners for $660.6 million. That was about 50 percent off the building’s price in 2006.

Boston Properties paid Normandy and Five Mile $289.5 million cash and assumed $640.5 million in debt.

A founding partner at Normandy’s described the resale of the Hancock tower as a combination of real estate genius and capital power.

Real estate experts said the deal indicates the growing optimism in the industry as commercial buildings begin to recover their value and investors seek good buys that will provide an equally good cash flow.

The Hancock Tower, built in 1975 and with 1.7 million square feet of space, is considered a benchmark of the boom and bust cycles of the real estate industry.

Months prior to the merger of John Hancock and Manulife Financial of Canada, the former sold the tower and three other properties in 2003 for $926.8 million to Beacon Capital Partners.

Out Of The Implosion Of The European Debt Crisis A Sovereign And Seignior Will Arise To Govern Europe

December 29, 2010

Many ask … “I’m always hearing from Christians about how the Bible has made many prophecies and they are all true. So what are some of these? Show me the Bible passage and the event that it corresponds to.”

I reply that Germany is destined to rise to power as God ordained six human kingdoms to rule mankind. The first five are found in Daniel 2:30-34.
1) First, Babylonian, Head of Gold
2) Second, Medo-Persian, Chest and Arms of Silver
3) Third, Greek, Belly and Thighs of Bronze
4) Fourth, Roman, Legs of Iron
5) Fifth, a Revived Roman Empire, the European Union, Feet of Iron And Clay.

The sixth kingdom, Revelation 13:1-4, is rising; its rule will be global. Daniel Taylor writes in Old Thinker News that global governance, that is rule by regional governors, is coming soon with an agenda provided by the Council on Foreign Relations. In the developing age of global governance Leader’s Framework agreements provide seigniorage. An example being the seigniorage aide announced for Greece in May 2010 by the European Leaders, and the fiscal agreement announced for Ireland in November 2010.

Germany and France pushed for an EU summit the week ending December 17, 2010, to approve a proposed treaty change that would allow debt-stricken euro zone states to make an orderly default, with private sector bondholders sharing losses on a case-by-case basis. However eurozone finance ministers did not agree on any new action to stop the crisis, making investors wary causing the Euro, FXE, to fall from its December 13, 2010 value of 133.42, and European shares, VGK, to fall from 49.00, and European Financial Institutions, EUFN, to fall from 21.89.

I note that the head of the International Monetary Fund, Dominique Strauss-Kahn has given “the clarion call” for a comprehensive solution to the European Financial Institution, and Sovereign Debt Symbiosis Crisis in the Telegraph article Eurozone Debt Fears Infect German Bonds: “The eurozone has to provide a comprehensive solution to this problem … The piecemeal approach, one country after another, is not a good one.

The Strauss-Kahn call for a comprehension solution has gone unanswered as Safehaven.com analyst John Mauldin relates that Europe is just kicking the can down the road.

The banks are unable to recapitalize themselves, the only capital they receive is by selling debt to the ECB. The problem is the tremendous amount of sovereign debt of Portugal, Italy, Ireland, Greece and Spain that the banks hold on their books. Marco Shipping quotes a Bloomberg article where Sanford C. Bernstein analysts including Dirk Hoffmann-Becking said: “We expect the eurozone sovereign debt crisis to become worse before it gets better.”  French banks had the most at stake in Greece, with $83.1 billion (Dh305.235 billion) at risk, compared with German bank holdings of $65.4 billion, the data show. British banks had $187.5 billion in exposure to Ireland, while German lenders had $186.4 billion. Banks in Germany, Europe’s biggest economy, had $512.7 billion at risk to Greece, Ireland, Portugal and Spain at the end of the second quarter, according to Basil Switzerland based Bank for International Settlements, BIS.

Gonzalo Lira relates in Tidal Forces Are Pulling Europe Apart: “In 2008, so what was a banking insolvency issue, was turned into a sovereign insolvency issue”.

Jesus spoke in Luke 21:35 of these day saying, “upon the earth distress (Strongs 4928, meaning anxiety and anguish), and of nations (perplexity Strongs 640, meaning quandary)” .

The Apostle John saw the days we are living in and wrote of it in bible prophecy of Revelation 13:1-4, where he saw a beast system rising to be sovereign from the sea of humanity integrating mankind’s seven institutions and ruling over ten world-wide regions, these being the ten regions of global governance called for by the Club of Rome in 1974. I foresee national sovereignty passing away throughout the world, as Leaders’ Framework Agreements establish ten regions of global governance as called for by the Club of Rome in 1974; hence people will no longer be citizens of sovereign nation states, rather residents living in a region of global government.

A catastrophe is coming as a result of rising European sovereign debt interest rates, and failed sovereign debt auctions, and plummeting bank stock values, as well out of further global competitive currency devaluations at the hands of the currency traders. Soon, the European Financial Institutions, EUFN, will fall quickly falling in value, taking the entire global financial system down, resulting in Götterdämmerung, an investment flame out.

Out of chaos, bible prophecy in Revelation 13:5-10 foretells a Chancellor, that is a Sovereign, such as Herman van Rompuy, Angela Merkel or John Redwood or Tony Blair, will rise to be the EU political leader.

And Revelation, 13:11-17,  foretells a Banker, that is a Seignior, such as Wolfgang Schäuble, or Olli Rehn, or Jean-Claude Trichet, or Gordon Brown or Jose Manuel Barroso, or Giulio Tremonti or Jean-Claude Juncker will rise to provide credit.

The Seignior will likely have fiscal sovereignty to control deficit spending, enforce internal country devaluations, provide a common EU Treasury for both taxation and transfer payments, assure mutual guarantees of the EU debt, and as Timothy Geithner called for, implement unified regulation of banking globally. All seigniorage, both credit and fiscal will come and go through the Seignior, who will make decisions on where money is spent. The Seignior will coordinate all aspects of economic policy, includes taxes, wages.

Suggested Reading: The Revival of the Roman Empire by Joseph Smith

Keywords: thesovereign; theseignior

Are You Looking To Buy A Condominium In Orange County

December 29, 2010

Are you looking to purchase a condominium in Orange County? Well then Redfin can be of help in finding just the right home for you. A search of condoland, that is Laguna Woods 92637 shows  a number of homes listed. For example, the 2 bedroom and 1.75 bath  670 Via Mendoza Unit N Laguna Woods, CA 92637, is listed for $150,000. One can enjoy all the amenities of Laguna Woods Village senior community. 7 clubhouses, 5 swimming pools, fitness center, tennis courts, 27 and 9 hole golf courses, bus service, garden center, RV storage, Gate guarded community, Cable TV included in HOA of $678.

Silver And Gold Rise As Investors Sell US Treasuries In Rejection Of QE 2 And Budget Deficits

December 28, 2010

Silver And Gold Rise As Investors Sell US Treasuries In Rejection Of QE 2 And Budget Deficits

Financial market report for December 28,2010 by theyenguy

I … Investors poured into silver and gold stocks and commodities causing the commodity currencies and commodities to rise, as investors sold out of US Government Treasuries expressing their conviction that US Federal Reserve Policies constitute monetization of debt.
Junior Gold Mining Stocks, GDXJ, +5.8%
Silver Mining Stocks, SIL, 3.9%
Natural Gas, UNG, 3.6%
Silver 3.3%
Gold Mining Stocks, GDX, 2.6%
Copper Mining Stocks, COPX, 2.5%
BHP Billion, BHP, rose to a double top
Gold, GLD, 1.6%
Base Metals, DBB, 1.4%

Commodities, DJP, 1.1%

Gold Mining Stocks rising strongly included, UXG, ANV, ASA, AZK, GBG, GFI, GSS, NEM, NGD, NSU, and KGN … US Gold UXG … ANV … ASA … AZK … GBG … GFI … GSS … NEM … New Gold NGD … Nevsun Resources NSU … KGN

The HUI Precious Metal Mining Stocks Relative To US Treasuries, $HUI:$USB, rose to a double high suggesting that the gold mining the gold mining stocks have topped out in value.

Other evidence for the gold mining shares having topped out comes from the chart of the gold mining shares relative to gold, GLD:GDX, having topped out on December 13, 2010. The conclusion here is that wealth is best preserved by investing in and taking physical possession of gold rather than investing in gold mining stocks.

Monetization of debt by a central bank stimulates the investment demand for gold, GLD. The gold ETF rose through a consolidation triangle today to close at 137.2 today. Note how a strong rise in gold began in the second week of August 2010.   

Global Economic Crisis  wrote on August 11, 2010 Federal Reserve Begins Massive Monetization of U.S. Government Debt: In a step that will be one of the markers on the road to economic and financial catastrophe, the Federal Open Market Committee (otherwise known as the FOMC) of the Federal Reserve, made a bombshell policy decision on August 10, 2010, one fraught with dangerous long-term consequences for the American and global economy. In a policy being dubbed QE2, the Federal Reserve’s FOMC conceded that the so-called U.S. economic recovery has “slowed,” and required more stimulus from the Fed. However, with federal funds interest rates now effectively at zero, the only aspect of monetary policy left is money printing. Thus, the Federal Reserve, in effect, will use its printing press to buy long-term U.S. government debt.

Of course, that is not how the FOMC is positioning this major escalation in quantitative easing by the Federal Reserve. In the dry, obtuse language that the obscurantists of the Federal Reserve love to engage in, the committee’s official statement said: “To help support the economic recovery in a context of price stability, the Committee will keep constant the Federal Reserve’s holdings of securities at their current level by reinvesting principal payments from agency debt and agency mortgage-backed securities in longer-term Treasury securities. The Committee will continue to roll over the Federal Reserve’s holdings of Treasury securities as they mature.”

In its first bout of heavy quantitative easing, in the wake of the implosion of the major Wall Street investment  banks in the fall of 2008, Ben Bernanke, utilizing his printing press, purchased $1.25 trillion in mortgage-backed securities, and an additional $200 billion in debts owed by so-called government-sponsored enterprises, primarily Freddie Mac and Fannie Mae. This massive explosion in the Fed’s balance sheet has thus far failed to stimulate economic activity and retard a persistent deflationary recession. All that Bernanke has accomplished has been to create a new asset bubble, this time on Wall Street, with equities exploding in price far beyond their post-crisis lows. Beyond the Dow Jones index, however, the impact of Bernanke’s balance sheet expansion has been impotent in the face of economic realities, particularly a collapsing labor market and the contraction in consumer demand. The erosion in the M3 money supply, a statistic the Federal Reserve no longer publicly discloses, attests to the failure of its policies.

Now that the Federal Reserve admits, though in its typically obscure linguistic constructs, that a double-dip recession is becoming increasingly likely, Bernanke is going to enter a buying binge of long-term U.S. Treasuries. The hope is that this will stabilize financial markets, and somehow force liquidity into the economy. That, at least is the hope. Given Ben Bernanke’s track record, I would not bank on hope in the infallible judgement of the Federal Reserve and its FOMC.

What is likely to result from the QE2 phase of the Federal Reserve’s disastrous policymaking? In time, sovereign wealth funds will recognize Bernanke’s manoeuvre for what it is: monetization of the U.S. national debt. When that happens, Treasury auctions will begin to fail, and yields will advance. This will all put added pressure on the Fed to print even more dollars, and monetize an increasing proportion of the federal government’s debt. This will unquestionably inject liquidity into the U.S. economy. But this Federal Reserve monetary injection will be as beneficial as money printing was in Weimar Germany in the early1920s, or Zimbabwe more recently.

In deciding on a process that will lead to an ever-growing proportion of the U.S. national debt and yearly budget deficits being monetized by its printing press, the Federal Reserve, under the leadership of its chairman, Ben Bernanke, has taken a fateful step towards irredeemable economic and financial ruin, ultimately convulsing America with a savage, hyperinflationary depression. And, as history teaches us, severe economic depressions bring along other unanticipated consequences, often leading to political and social turmoil and even global war.

Bloomberg reports Sugar Extends Rally to 30-Year High as Worldwide Demand Outpaces Supplies. Sugar futures extended a rally to a 30-year high on mounting concern that dry weather in Brazil, the world’s biggest producer, and record rainfall in Australia will slash worldwide supplies. Note the volatility in the chart of Sugar, SGG, which rose to 100.61. Investing in sugar is not something the average investor should attempt.

II … Investors sold out of US Government Treasuries, causing bonds, BND, to massively sell off.  The 30 10 US Government Debt Yield Curve, $TYX:$TNX, flattened as investors sold out of the longer dated bonds more than the shorter duration bonds.

The Zeroes, ZROZ, -3.1%
30 Year US Government Bonds, EDV, -2.1%
The 10 to 20 Year US Government Bonds, TLT, -2.0%

Notice how investors began to sell out of the 30 Year US Treasuries, EDV, when QE 2 was announced in early August 2010.

Long Duration Build America Bonds, BABS, -1.1%
Build America Bonds, BAB, -0.8%

Monetization of the US Debt has caused a strong sell off in corporate bonds. The accompanying rise in corporate borrowing interest rates will turn profits and the economy down.
Long Term Corporate Bonds, BLV, -1.4%
Corporate Bonds, LQD, -0.8%

Bonds, BND, fell massively, -0.7% today.

III … Stocks falling today included
Shanghai Shares, CAF, -1.8%
China Materials, CHIM, -2.3%
Vietnam, VNM, -2.0%
Solar, TAN,  -1.5%
China Real Estate, TAO -1.2%
Home Building, ITB, -1.2%
Leisure And Entertainment, PEJ, -1.1%
China Small Caps, HAO, -1, 1%

Ruths Chris Steak House, RUTH, -3.6%
Krispy Cream Donuts, KKD, -4.2%
Saks, SKS, -1.6%
Active Power, ACPW, -4.7%
Office Supplies, Deluxe, DLX, -2.3%
United Stationers, USTR, -1.9%

The Ratio Of The Russell 2000 Growth Shares Relative To The Value Shares, IWO:IWN, has turned down suggesting that the rally in the Russell 2000, IWM, is now over.

Small cap growth stocks that fell lower today included:
Network Equipment Technology, NWK, -4.8%
Acme Packet, APKT, -2.2%
F5 Networks, FFIV,  -1.1%
Finisar, FNSR, -3.2%
Riverbed Technology,RVBD, -2.3%

The chart of the ProShares Ultra Russell 2000, URTY, clearly shows as being topped out. Notice the awesome gain that has come to investors in the rise from 70 to 160. Monetization of US Treasuries and concern over European Sovereign and Banking Debt gave moneyness to the US based small cap shares.

IV … Volatility rose; does rising volatility suggest a stock market sell off is at hand?
Mid Term Volatility ETN, VIIZ,
S&P Short Term Futures Volatility, VXX,

V … Inverse volatility fell
Inverse Short Term Volatility, XIV,
Inverse S&P 500 Short Term Volatility, XXV,

VI … Currencies rising strongly included
Russian Ruble, XRU, 1.4%
New Zealand Dollar, BNZ, 1.1%
Swiss Franc, FXF, 0.9%
Indian Rupe, ICN, 0.7%
Canadian Dollar, FXC, 0.7%
Australian Dollar, FXA, 0.6%
South African Rand, SZR, 0.5%
Japanese Yen, FXY, 0.5%

The US Dollar, $USD, traded unchanged; while the Euro, FXE, fell 0.3%

The currency yield curve, that is The Small Cap Value Shares Relative To Small Cap Growth Shares, RZV:RZG, rose forming a massive lollipop hanging man candlestick suggesting that a massive currency sell off is at hand and that the US Dollar, USD, will be rising from its close at 80.36

The Australian Dollar, FXA, rose to close at 101.2 in a dark cloud covering candlestick at the top of an ascending wedge suggesting that a market top has been achieved.

The Australian Small Caps, KROO, rose to form a dark cloud covering candlestick at the top of an ascending wedge suggesting that the market top has been achieved in the Australian shares

The Swiss Franc, FXF, rose to close at 104.22 in a massive lollipop hanging man candlestick suggesting that a top is in for this manipulated currency.

Th Canadian Dollar, FXC, blasted to a double top high to close at 99.43.

Chinese Yuan, CYB, rose in an ascending triangle to close at 25.31

The Euro Yen Carry Trade, that is the EUR/JPY, FXE:FXY, fell lower today as the Yen, FXY, rose strongly, while the Euro, FXE, fell lower to close at 130.67.

Today’s trade lower in the EURJPY has put selling pressure on the European Shares, VGK and the European Financials, EUFN, both of which are already in an Elliott Wave 3 of 3 Down sell off.

Bible Prophecy Foretells A Powerful And Charsmatic Individual Will Emerge As Europe’s Leader

December 28, 2010

I … Introduction

Dr. David R. Reagan writes: The most important prophetic development of the 20th Century was the regathering of the Jewish people to their historic homeland in the Middle East, resulting in the creation of the state of Israel on May 14, 1948. The second most important development was the formation of a European confederation known as The European Union. Both of these momentous historical events point to the fact that we are living in the end times. I believe that today, before our very eyes, we are witnessing the fulfillment of these ancient prophecies of Daniel. Europe has reunited into a revived Roman Empire that is expanding rapidly in size. As it grows, and as national identities are de-emphasized, it will most likely be divided into ten administrative areas, just as Daniel prophesied (2:42-44 and 7:7, the ten toes of chapter 2 correspond to the ten horns of chapter 7).

II …   The History Of The Call For A European President 

Alan Franklin, a journalist for 37 years and editor of a newspaper in southern England; h is a Bible prophecy teacher and expert on the cults; and can be contacted at alan.franklin@ntlworld.com; he relates:

German Foreign Minister Joschka Fischer repeated his call for a European government in July, 2000, and said the European single currency — the Euro— was “the first step to a federation.” He added that he wanted a “powerful president.”1 Fischer said his aim was “noth­ing less than a European parliament and a European government, which really do exercise legal and executive pow­er,” to operate under his powerful president. In summary, Fischer said, “Political union is the challenge for this generation.”2

The Desire for a Superman: That many in Europe have been thinking on these lines for years is shown in a chilling quote from Paul-Henri Spaak, former Belgian Prime Minister and President of the Consultative Assembly of the Council of Europe nearly 50 years ago. He said : “We do not want another committee. We have too many already. What we want is a man of sufficient stature to hold the allegiance of all people, and to lift us out of the economic morass in which we are sinking. Send us such a man and, be he God or the devil, we will receive him.”3

More recently Jack Lang, then president of the French National Assembly’s foreign affairs committee, said that the EU “needs a single figure at the helm.” Attacking the inertia in European foreign policy, he said Europe needed a strong central government with a single “personality” in control.4

The present format of the EU cannot last, and it was never intended that it should. Right from the beginning, the founders had grand, globalist ambitions. Addressing the European Policy Centre in September, 2000, Belgian Prime Minister Guy Verhof­stadt described the subterfuge adopted to set up the embryonic EU. “With the European Coal and Steel Community, the seeds were sown of the European Union of today. It was the initial impetus to the development of a community approach, step by step forging European integration by joining, and sometimes also by abolishing, national sovereignty into a joint approach.”5

Turning to the next great leap forward, Verhofstadt said: “It is of the utmost importance to keep in mind a global vision of the ultimate goal of European unification.” This is a good thing, he explained, be­cause “the European Union as it is now could never be the ultimate goal.” He said the pace of integration must never slacken lest, “in the worst case, countries will start to plead for the restoration of their former sovereignty.”6 Notice that national sovereignty — independence — is referred to in the past tense.

Next came the real bombshell. The Belgian said that there must be values underpinning this vast undertaking — the largest coming together of countries in the history of the world. But whose values? His answer: “the values which resulted from the French Revolution.”7 So, the values of the brave new Europe are to be those of the country which gave us the guillotine, the reign of terror and the time of blood washing through the streets of France!

“The Portman Papers,” a quarterly newsletter keeping watch on developments in the superstate, says in its October 2000 edition: “Verhofstadt’s values come from this. Eight years before the French Revolution began in 1789 with the Declaration of The Rights of Man, the General Council of Freemasonry at Wilhelmsbad, convened by Adam Weishaupt, founder of the Illuminati, drew up the blueprint. Its evil spirit was epitomized in Maximilian Robespierre, whose technique of terror anticipated Stalin’s by 100 years.”8

The French Reign of Terror claimed over a million victims. Inmates of prisons were slaughtered. Human heads were counted up like scores on cards. The terror was justified in the name of “democracy.” Similarly the coming clampdown on free speech, religious freedom and free political parties by the “beast of Brussels” system is being justified by words like “anti-discrimination” and a “charter of rights.”

When I visited Strasbourg, the French city near the German border which, with Brussels, co-hosts the European Parliament, I was introduced to the head of the house of Habsburg, Otto von Habsburg, a man whose family dominated Europe for centuries. Full of charm and intelligence, he said that instead of war, a great new Europe could be built on peaceful cooperation. His ideas go far beyond this, however. In his book, The Social Order of Tomorrow, he writes:

Now we do possess a European symbol which belongs to all nations equally. This is the crown of the Holy Roman Empire, which embodies the tradition of Charlemagne, the ruler of a united occident . . . the Crown represents not merely the sovereignty of the monarch, but also the ties between authority and the people. True, it is the monarch who is crowned, but in this sacred act he appears as the representative of the whole people. It should therefore be considered whether the European head of state, as the protector of European law and justice, should not also become the guardian of a symbol which, more than any other, represents the sovereignty of the European community.9

Dr. Habsburg wants to see Europe have an elected head of state — a man elected for life. This influence of both Charlemagne and the Habsburgs hangs heavily over the new federal Europe. The crown of Char­lemagne, the first person to attempt to revive the Roman Empire in 800 AD, is an inspiration to those who promote the breaking down of nation states, and a Charlemagne prize has been established for those who work hardest for European unity. One who did was ex-President Clinton, who in June 2000, was the first American president to receive the Charlemagne prize for his work in promoting European unity. He received the prize at the cathedral in Aachen, Germany, where the first Holy Roman Emperor lies buried.

In a report in The Daily Telegraph, President Clin­ton said the European Union should have at least 30 member states, including all the nations of the Balkans, Turkey and possibly even Russia. He said that European peace and prosperity now depended on the EU setting its boundaries ever wider. The report stated that Mr. Clinton was determined to be viewed as “part of a family of statesmen associated with European integration.”10 He held private talks with Helmut Kohl, the former German Chancellor, in Berlin.

Although Mr. Kohl has been discredited by a party funding scandal inside the Christian Democrat Union party, he is still regarded as the most important force behind European integration in the past 30 years. It is easy to see how these two suspect “statesmen” have much in common, but it is difficult to see how the establishment of a major, often anti-American power block in Europe could be in America’s interests, and thus it is surprising that it has been American policy to push for greater unification of Europe.

Footnotes:

1) “German Foreign Minister floats idea of elected EU president,” The Financial Times, July 7, 2000. This article was a report on a speech by Joschka Fischer to the European Parliament’s constitutional affairs committee.

2) Ibid.

3) This is a frequently quoted remark attributed to Paul-Henri Spaak. However, its original source is uncertain.

4) The London Times, August 19, 1997, quoting a speech by Jack Lang which he gave in Paris.

5) Speech by Guy Verhofstadt at the European Policy Centre on September 21, 2000.

6) Ibid.

7) Ibid.

8) The Portman Papers, October 2000. This is a quarterly newsletter concerning developments within the EU.

9) Otto von Habsburg, The Social Order of Tomorrow, Newman Press, 1959.

10) “EU must embrace Russia, says Clinton,” by Toby Helm, The Daily Telegraph (of London), June 3, 2000, page 12.

III  … A Leader Will Emerge Soon As Europe’s Political Leader

With the EU making prophetic related news almost every day,  we have arrived at the stage where a revived Roman Empire of Daniel 2 and 7 will morph into the ten kings stage as described in Daniel 7:24, where we are told one king, quite possibly the long desired European King, will rise to vanquish three other kings. In addition to being known as The Little Horn – Daniel 7:8 he is also presented in scripture as

 The Fierce King, a Master of Intrigue – Daniel 8:23,

The Prince Who is to Come – Daniel 9:26

The Worthless Shepherd – Zechariah 11:17

The Man of Lawlessness – 2 Thessalonians 2:3,

The Son of Destruction – 2 Thessalonians 2:3,

and The Beast – Revelation 13:5-10

Soon a powerful and charsmatic leader will emerge as Europe’s Leader as Open Europe in Press Summary for December 24, 2010 relates the NRC Handelsblad article: ‘Van Rompuy: Eurozone Wordt Politieke Unie’, where EU President Herman Van Rompuy stated: “the eurozone will become a political union”.

Keywords … thesovereign


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