Have you ever given any reflection to the thought presented in 2 Peter 1: 1-21, that you are not following some kind of cunningly devised tale passed on from generation to generation, that you indeed and in truth, the elect of God? That is to say, that God in eternity past, looking down the hallways of time, chose one to believe in Him, and that as his Beloved, one would come forth calling on His name for salvation, at a time and place of His choosing. God appoints one to believe, and is a rewarder of those that earnestly seek Him. His selection of the believer has nothing to do with any merit or decision on one’s part. If this is what you believe then you are on the right page, that is to say, you are of the like precious faith of Jesus Christ.
As for part of your consideration of the Present Truth revealed by the Apostles, that is the sent ones, please consider that the lens of bible prophecy provided by the dream of the Apostle John, and not Austrian economic theory of Mises, Hayek, and Rothbard, provides the best lens to view unfolding global economic and political activity.
Since 2008, the economic recovery and growth of global trade and corporate profit has been a function of government spending as well as the expansionary monetary policies of the world central banks such as QE1, QE2, Operation Twist, Dollar FX Swaps, LTRO1, and LTRO2.
Mark Grant, author of Out of the Box writes in Zero Hedge Leaving Ponzi In The Dust. The European Central Bank prints money and hands it to the banks in undiminished size and at an interest rate which compels massive carry trades. The European banks buy sovereign debt that helps to lower the price of the sovereign’s funding costs, the banks use some of the money to increase their own capital and lend some of the money to individuals and corporations in the nations where they are domiciled. The money gets used and eventually dries up and a some of the capital is used to come into compliance with Basel III. The yields of the periphery nations fall but then begin to rise again. Germany, using Target-2, keeps lending money to the other central banks which use part of the money to support their currency, the Euro. The circle is then completed and the equity markets, notably in America, trade off of the strength of the Euro and some days at almost a point by point movement. Never before in the history of the world has such a grand scheme been implemented and in such an all-encompassing fashion. The unlimited amount of money that is available, because they can print all the money they want, has allowed Europe to game the world’s financial system while no one looked or caught on to the scheme. The world’s fiscal system has been rigged by Europe.
God’s hand of fate is not moving in the Austrian economic theory that presents democratic sovereign nations with their own individual currencies, such as a Spanish Paceta, or Greek Drachma, or German D Mark, will emerge out of economic dislocations cause by austerity cuts and excessive socialist government spending.
But rather, the Sovereign Lord God is working fatefully, Revelation 6:1-2, to drive global economic activity off a “risk on”, “risk off”, cliff into regionalization, as the capitalist dynamo of growth and profit achieved through the Free To Choose floating currency system, financial deregulation, Wall Street securitization, and global hedge fund and institutional speculation, shifts to the regional economic governance dynamo of security, stability, and sustainability, which will be achieved through announcement of regional framework agreements, where diktat not choice, rules as investment capital is replaced by political capital.
The Milton Friedman Free To Choose script that has governed global economic expansion since the world went off the gold standard in 1971, failed in February 2012, when World Government Treasury Bonds, BWX, traded lower, and failed again in March 2012, when Commodities, DBC, traded lower, and then failed again in early April 2012, when World Stocks, VT, traded lower.
The correct lens to view global economic events is not based upon the Austrian economic theory of the sovereign individual, sovereign nation states, and a free market economy, based upon an objective standard for the value of money.
But rather please consider that the correct lens to view global economic events is based upon the sovereignty of God who provides the Revelation of Jesus Christ, written by John The Revelator, which came via a dream given to him by angels while he was in his 90s living in exile on the Isle of Patmos. The very things that he said “must shortly come to pass”, Revelation 1:1, meaning those things which today are rapidly driving Europe and the world off of a “risk on”, risk off”, global cliff and into the abyss of Financial Armageddon, Revelation 13:3-4, that is a credit bust and financial system collapse, whereby the fiat money system cracks and is replaced by the diktat money system.
In Europe, credit will come via regional monetary authority which is overseen by a Monetary Pope who implements public private partnerships for management of resources and production as well as oversees structural reforms which eliminate national wage laws; where regional finance comes via regional banks such as the ECB and the Bundesbank overseen by a Seignior, Revelation 13:11-18; where fiscal authority comes via regional fiscal union with austerity measures overseen by a Budget Commissioner; and where political authority comes via a Sovereign, Revelation 13:5-10. All of this achieved as leaders meet in summits to renounce and waive national sovereignty and pool sovereignty regionally. Seigniorage, that is moneyness, will no longer come via anticipation of world central bank monetary operations, but rather seigniorage will come via diktat of sovereign leaders and sovereign bodies such as the ECB.
In the New Europe, Germany will rise to be preeminent in a type of revived Roman Empire, over vassal periphery states. The most capable of governors are waiting in the wings; soon fate will open the curtains, and onto the Euro zone’s stage will step Europe’s Sovereign, perhaps Herman van Rompuy, and Europe’s Seignior, perhaps Olli Rehn or Jenz Weidman.
The vision provided by the Apostle John in Revelation 13:1-4, presents a Beast regime of Neoauthoritarianism rising from the profligate nations of Greece and Italy to rule globally, with seven heads symbolic of mankind’s seven institutions and ten horns symbolic of the world’s ten regions to replace the Capitalist regime of Neoliberalism.
The Apostle’s dream is confirmed by the Prophet Daniel’s vision of a ten toed kingdom of regional global governance, comprised of toes of iron diktat and clay democracy, Daniel 2:31-33, which flows out of the failure of the iron rule of British and American global hegemony that has governed the world since the late 1700s.
The chart of Volatility, TVIX, shows a fall near to a new weekly low this last week, as the Roro trade, that is the risk on risk off trade, produced stellar results for those who continued the all in strategy that developed in late 2011 and early 2012.
Institutional investors and hedge fund managers continued momentum investing to take US Safehaven Assets, VTI, such as the NASDAQ, QQQ, Biotechnology, XBI, Semiconductors, XSD, Large Cap Growth, JKE, US Infrastructure, PKB, Homebuilding ITB, Shopping Center REITS, SPG, TCO, Industrial Office REITS, FNIO, EGP, EXR, SSS, Residential REITS, REZ, ESS, AVB, Hoteil REIT, RLJ, to new highs.
The Roro trade was so strong that it pulled the small cap pure value shares, RZV, strongly higher, and the major world currencies, DBV, and the emerging market currencies, CEW, higher, which pulled bonds across the board, BND, higher. Currencies rising this week included FXY, 1.5%, FXC, 1.1%, FXB, 0.8%, FXA, 1.0%, SZR, 0.7%, FXF, 0.2%, FXE, 0.2%. Currencies trading lower this week included INR, 0.8%, FXM, 0.8%, FXS, 0.3%, FXRU, 0.2%.
The parabolic rise seen in monthly chart of Liquidity Services, as well as the three white soldiers advance seen in the daily chart of Liquidity Services evidences neo liberal financed roro momentum investing.
Most of the stocks that rose the most this week were high beta stocks, that is to say, they move quickly up and down.
Small Cap Pure Value Shares, RZV, such as SBAC, seen in this Finviz Screener, rose.
Internet Retailers, AMZN, EBAY, and PCLN, rose.
Small Cap Technology Shares, PSCT, such as FEIC, seen in this Finviz Screener, rose.
Credit Services, such as CGA, NICK, and AXP, seen in this Finviz Screener, rose.
Long Distance Services such as PTGI, VZ, T rose.
Farm and Equipment Manufacturer, TSCO.
Small Cap Industrial Stocks, PSCI, such as DXPE, SXI, TTC, SNA, seen in this Finviz Screener, rose.
Aerospace Companies such as BEAV rose.
Cigarette Manufacturers, such as MO, seen in this Finviz Screener, rose.
Retailers, XRT, such as CPWM, seen in this Finviz Screener, rose.
Restaurants such as CMG rose.
Electric Utilities such as NEE, DTE and HE rose.
Vehicle Part Manufacturers such TWI, seen in this Finviz Screener, rose.
US Infrastructure, PKB, such as APOL, TREX, seen in this Finviz Screener, rose.
Waste Management company, AWX, and Home Furnishings company LZB rose.
Diversified Machinery manufacturers such as THR rose.
Large Cap Stocks, JKE, such as ISRG rose.
Semiconductors, XSD, such as TSM rose.
Biotechnology, XBI, such as AMGN rose.
Regional banks, KRE, such as RF, seen in this Finviz Screener, rose.
I expect these bear market ETFs, EEV, SJH, TWM, FXP, SSG, BIS, SIJ, REW, TLL, to soon be fast risers.
When the Roro trade collapses, the only money good, will be personal possession of gold bullion and silver bullion used for bartering.
In today’s news
Clara Weiss relates in WSWS Russia prepares for a US-Israeli military strike against Iran. Russia has undertaken intensive preparations during the past few months for a possible military strike by Israel and the United States on Iran.
I comment that one of the most widely written on subjects in bible prophecy is the Ezekiel 38 War; and I have covered it many times as in article The Conflagration Of The Coming War Between Israel And Iran, Syria, Lebanon And Turkey Will Be Intense Beyond All Past Wars.
Perhaps one might enjoy the Sign Posts Of The Times article Iran preparing for “The last six months”.
The short URL for today’s article Global Economic Analysis Through The Lens Of Bible Prophecy is http://tinyurl.com/77fuktq