Saturday, December 31, 2011

Prayer of Forgiveness......................... THE BEST WAY TO START THE NEW YEAR!

You will never know God by studying the Bible. You will only know God when you obey the Bible.

Jesus said; 

"I am theway, the truth, and the life. No one comes to the Father except through Me… Nor is there salvation in any other, for there is no other name under heaven given among men by which we may be saved" 

                                                                               (John 14:6 and Acts 4:12).

Prayer of Forgiveness: 

The prayer of forgiveness is a prayer that is offered up to God. Though we may directly hurt each other, all of our trespasses ultimately hurt God. You may wonder how this is possible. How can our shortcomings hurt the omnipotent Creator of the universe? Does God even care? In Genesis 6, we find that God Himself actually grieved over all the wrongs that man had inflicted upon each other: "Then the LORD saw that the wickedness of man was great in the earth, and that every intent of the thoughts of his heart was only evil continually. And the LORD was sorry that He had made man on the earth, and He was grieved in His heart." (Genesis 6:5-6). 

All knowing, God grieves even at the mere thought of evil. Thus, ultimate forgiveness must also come from God. However, because of His justice, forgiveness cannot be freely given. Every wrong must be accounted for in order for God to be a just judge. Jesus Christ died on the cross at Calvary in our place so that our sins may be forgiven. His suffering paid for our transgressions. "For this is My blood of the new testament, which is shed for many for the remission of sins." (Matthew 26:28).

In His love, God knew that our conscience needed to be freed from guilt and condemnation. He knew that forgiveness of sins was our greatest need. In the ultimate act of love, God not only suffered the pain of our wrongs, but also paid for their consequences in order that we may have forgiveness offered to us when we sin. All we need to do is to accept His free gift of forgiveness.

If we reject Jesus, in essence, we reject God's gift of forgiveness. We are in fact saying that we do not wish to be reconciled with God (1 John 1:10). Though it is our free choice to not accept forgiveness from God, we will ultimately be accountable for all the sins we have committed at the end of this life. It is God's deep desire to be reconciled with you. "For God so loved the world, that He gave his only begotten Son, that whoever believes in Him should not perish, but have everlasting life." (John 3:16). If you desire to be truly forgiven, consider what Jesus said and sincerely accept Him as your Lord and Savior. You will be forgiven and God will begin a transforming work in your life.

The prayer of forgiveness gives us a new hope and a new beginning. All our sins are wiped away by God. "For I will be merciful to their unrighteousness, and their sins and their lawless deeds I will remember no more." (Hebrews 8:12).

If you understand that you are a sinner, and you believe that Jesus Christ came as the one and only Redeemer of sin, then you understand the prayer of forgiveness. The question is – are you ready to implement the prayer, by receiving God's gift of His Son, Jesus Christ? If so, believe in Christ, repent of your sins, and commit the rest of your life to Him as Lord:

Father, I know that I have broken your laws and my sins have separated me from you. I am truly sorry, and now I want to turn away from my past sinful life toward you. Please forgive me, and help me avoid sinning again. I believe that your son, Jesus Christ died for my sins, was resurrected from the dead, is alive, and hears my prayer. I invite Jesus to become the Lord of my life, to rule and reign in my heart from this day forward. Please send your Holy Spirit to help me obey You, and to do Your will for the rest of my life. In Jesus' name I pray, Amen."

"Repent, and let every one of you be baptized in the name of Jesus Christ for the remission of sins; and you shall receive the gift of the Holy Spirit." (Acts 2:38)

Now, as a way to grow closer to Him, the Bible tells us to follow up on our commitment.
  • Get baptized as commanded by Christ.
  • Tell someone else about your new faith in Christ.
  • Spend time with God each day. It does not have to be a long period of time. Just develop the daily habit of praying to Him and reading His Word. Ask God to increase your faith and your understanding of the Bible.
  • Seek fellowship with other followers of Jesus. Develop a group of believing friends to answer your questions and support you.
  • Find a local church where you can worship God.
The headline caught my attention! 

"Tail Was Short. Snake Was Not." 

It seems there was a lady in South Africa who passed a haystack one day and saw the tail of a snake.

She took a stick to kill it, and before she knew it she was wrestling with a 17-foot python! Gratefully, a man quickly came along to kill the snake with a fence post; otherwise it would have crushed her to death.

You may think your sin is just a little sin, but I want to tell you that it is part of the same snake. Sin murdered Jesus, and sin will crush you. Your only hope is salvation through Jesus Christ.

Realize before it is too late: you may think that "little tail" is really nothing...but before you know it, that sin can get a grip on you and in the end destroy your eternity.

God's work is perfect. Everything that God does is perfect.  Our work is wrought with flaws and mistakes, but His work is perfect. Even the best that man can do is imperfect.

Take a sewing needle that looks so smooth and sleek. Put it under a microscope and adjust it until you can see the intricate detail of that needle. What will you find? It will look like a raggedy old pine stump with broken bark.

Now, pick a rose off a bush and put one of its petals under that microscope. You will be amazed at the miniature world of design and delicacy because God's work is perfect. He never makes a mistake.

Do you feel like a mistake today? Let God envelope you in His touch of love.

As Christ came as a child to live and die for His people, so too will He come again arrayed in victory, charging forth in holy righteousness to announce the final consummation of His heavenly kingdom! Great shall be that day! Great in sorrow! Great in joy! All authority is given Him: to judge and to save. Trust upon the saving lifeblood of the risen Lord and rejoice in His return! Mighty will be His host and unparalleled the joy that shall reign eternal upon all His people!

True repentance involves a recognition of sin as a crime against God and a violation of His holy nature. Our recognition of this fact brings godly sorrow which leads inevitably to a change of mindset toward the sin and a confession of it as sin and this brings forgiveness from God.

O death, where is thy sting? O grave, where is thy victory? The sting of death is sin; and the strength of sin is the law. But thanks be to God, which giveth us the victory through our Lord Jesus Christ. Therefore, my beloved brethren, be ye stedfast, unmoveable, always abounding in the work of the Lord, forasmuch as ye know that your labour is not in vain in the Lord. 
                                                                                                                     1 Corinthians 15:55-58
Death defeated! The Law stripped of power! No longer crushed beneath the full weight of the curse! Praise the Lord that the resurrection of Christ has secured your own resurrection, O people of the Almighty! Hell can hold no victory over you, O believer, for you are a child of the Most High, made into a new creation. Perfect! Righteous! Clothed exquisitely and adorned in beauty befitting the bride of Christ Himself! Christ has cleansed you unto righteousness, so go forth in that righteousness, steadfast, immovable, and always abounding in the good work that all God's children desire!




























May you know
the miracle of His love,
the power of His presence,
and the hope of His promises
throughout the New Year.

Christ has made each of us His ambassadors here on earth. He is no longer here in the flesh,
and so now He expects us to faithfully and effectively represent Him. As His ambassadors or representatives, He has given us two basic tasks to perform.
First of all, we are to spread the good news of salvation in such a way that unbelievers will be drawn to the light and out of their darkness. "To open their eyes, and to turn them from darkness to light, and from the power of Satan unto God, that they may receive forgiveness of sins, and inheritance among them which are sanctified by faith that is in me" (Acts 26:18). To do this, an ambassador must live a life of conformity to His life and teachings. "As he which hath called you is holy, so be ye holy in all manner of conversation" (1 Peter 1:15), adequately representing Him.
Secondly, we are to saturate ourselves totally with the knowledge of His will and His Word so that we will be enabled to encourage other Christians, strengthening them for their duties as ambassadors as well. "Study to shew thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth" (2 Timothy 2:15), applying our attention to His directives. "All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness: That the man of God may be perfect, throughly furnished unto all good works" (2 Timothy 3:16-17).
It has rightly been said that the only two things which will last for eternity are peoples souls and the Word of God. These things must occupy our attention if we are to be effective "ambassadors for Christ."

PRICELESS................. DON'T MISS THESE!

1. A four-year-old child, whose next door neighbor was an elderly gentleman, who had recently lost his wife. Upon seeing the man cry, the little boy went into the old Gentleman's' yard, climbed onto his lap, and just sat there.

When his mother asked him what he had said to the neighbor, the little boy just said, 'Nothing, I just Helped him cry.'

2. Teacher Debbie Moon's first graders were discussing a picture of a family. One little boy in the picture had a different hair color than the other members. One of her students suggested that he was adopted. A little girl said, 'I know all about Adoption, I was adopted..'

'What does it mean to be adopted?', asked another child.

'It means', said the girl, 'that you grew in your mommy's heart instead of her tummy!'

************************ *********************

3. On my way home one day, I stopped to watch a Little League baseball game that was being played in a park near my home. As I sat down behind the bench on the first-base line, I asked one of the boys what the score was 'We're behind 14 to nothing,' he answered With a smile.

'Really,' I said. 'I have to say you don't look very discouraged.'

'Discouraged?', the boy asked with a Puzzled look on his face...

'Why should we be discouraged? We haven't Been up to bat yet.'


4. Whenever I'm disappointed with my spot in life, I stop and think about little Jamie Scott.

Jamie was trying out for a part in the school play. His mother told me that he'd set his heart on being in it, though she feared he would not be chosen..

On the day the parts were awarded, I went with her to collect him after school. Jamie rushed up to her, eyes shining with pride and excitement.. 'Guess what, Mom,' he shouted, and then said those words that will remain a lesson to me....'I've been chosen to clap and cheer.'


5. An eye witness account from New York City , on a cold day in December, some years ago: A little boy, about 10-years-old, was standing before a shoe store on the roadway, barefooted, peering through the window, and shivering With cold.

A lady approached the young boy and said, 'My, but you're in such deep thought staring in that window!'

'I was asking God to give me a pair of shoes,'was the boy's reply.

The lady took him by the hand, went into the store, and asked the clerk to get half a dozen pairs of socks for the boy. She then asked if he could give her a basin of water and a towel. He quickly brought them to her.

She took the little fellow to the back part of the store and, removing her gloves, knelt down, washed
his little feet,and dried them with the towel. 

By this time, the clerk had returned with the socks.. Placing a pair upon the boy's feet, she purchased him a pair of shoes..

She tied up the remaining pairs of socks and gave them to him.. She patted him on the head and said, 'No doubt, you will be more comfortable now.'

As she turned to go, the astonished kid caught her by the hand, and looking up into her face, with tears in his eyes, asked her.'Are you God's wife?'


TAKE A LOOK............. 


A monstrous dust storm (Haboob) roared through Phoenix, Arizona in July.

Chile's Puyehue volcano erupts, causing air traffic cancellations across South America, New Zealand, Australia and forcing over 3,000 people to evacuate. 

A whirpool forms off the Japanese coast after the tsunami on March 11.

A before and after shot of Joplin, Missouri after a massive tornado on May 22.

A mother comforts her son in Concord, Alabama, near his house which was completely destroyed by a tornado in April.

Hurricane Irene approaches the east coast.

Cars are abandoned on Chicago's Lake Shore Drive during the "Snowpocalypse" in February.

Friday, December 30, 2011




With year end fund flows making absolutely no sense for the most part, thank you global central planning, as the euro plunges and the market refuses to follow, with risk assets rising on speculation the ECB (and/or Fed) are about to restart printing yet gold collapsing (on one or two hedge funds liquidating, yet econ PhDs already rewriting their theses on why the "gold bubble has popped"), and finally with Treasurys soaring to near all time highs (10 Year under 1.9% yesterday even as stocks surged on data from the National Advertisers of Realtors, aka NAR, of all fraudulent and corrupt entities), here is the latest observation to make the confusion complete. 

As the Fed's critical H.4.1 weekly update shows (which is leaps and bounds more accurate than the Treasury's TIC international fund flow data), in the week ended December 28, foreign investors sold the second highest amount of  US bonds in history, or $23 billion, bringing total UST custodial holdings to $2.67 trillion, a level first crossed to the upside back in April. This number peaked at $2.75 trillion in mid-August, and as the chart below shows the foreign holdings of US paper have been virtually flat in all of 2011, something which is in stark contrast with what the price of the 10 Year would indicate vis-a-vis investor demand. And going back further, the last week is merely the latest in a series of Custodial account outflows. 

In fact, in the last month (trailing 4 weeks), foreigners have sold a record $69 billion in US paper, a monthly outflow that was approached only once - in the aftermath of the US downgrade (when erroneously it is said that a surge in demand for US paper pushed rates lower - obviously as the chart shows nothing could be further from the truth).

So here is the conundrum for today: did China continue to dump US paper in the year end, something we saw started with the October TIC data, or was it French banks continuing to sell off any non-EUR assets, and in the process repatriate proceeds, keeping the EUR higher. 


Chart 1 - total UST holdings in Fed custody:


Chart 2 - monthly (trailing 4 week) change in UST holdings:

Financial Crises and Narcissism............... AN ABSOLUTE MUST READ!..........GREAT GRAPHICS BELOW

Financial Crises and Narcissism


As we approach the end of 2011 there is much to consider. The capitalist world is suffering a series of financial crises. Many nations are hopelessly in debt, including the United States; currencies are losing value; businesses are going under or struggling; the European financial system is crumbling before our eyes, and many experts think the worst is yet to come. The politicians in Europe and America have not faced up to the crisis. Current policies appear to resemble a series of delaying actions. Looking back on the first decade of the twentieth century we may ask ourselves whether these economic troubles are related to moral and cultural failings.

Most everyone over fifty years of age realizes that society has changed dramatically during the past fifty years. Technological change has been the least of it, though technology has made its contribution. But more fundamentally, our common attitude to life and its meaning has gone through an almost total revolution. Rising narcissism (tracked by scientists like Jean Twenge and W. Keith Campell) shows that we live in the Age of Entitlement. To quote from Twenge and Campbell's book, The Narcissism Epidemic, narcissism entails "a very positive and inflated view of self. Narcissists believe they are better than others, lack emotionally warm and caring relationships, constantly seek attention, and treasure material wealth and physical appearance."

It turns out that narcissism is nothing new. There was an outbreak of narcissism in ancient Greece during the second century B.C. In those days, people wanted to enjoy their lives. They did not want the responsibility of raising children. We are told by the historian Polybius that all of Greece suffered "a dearth of children … owing to which the cities were denuded of inhabitants…." This also triggered "a failure of productivity."  Polybius explained that "this evil grew upon us rapidly, and without attracting attention, by our men becoming perverted to a passion for show and money and the pleasures of an idle life, and accordingly either not marrying at all, or, if they did marry, refusing to rear the children that were born, or at most one or two out of a great number…."

Sound familiar? Notice the similarity between the narcissism described by Twenge and Campbell, with its emphasis on material wealth and physical appearance, and Polybius' description of people perverted by "a passion for show and money and the pleasures of an idle life…." What were the causes of the narcissist epidemic in ancient Greece? Was hedonism spread by philosophers? Was it the result of the wrong kind of education? We know from Polybius that the Greeks of his time had ceased to believe in the punishments of the gods; therefore, he said, Greek officials were no longer honest. Public funds were regularly embezzled. People no longer sought divine favor or goodness. All that remained was self-gratification.  Through an epidemic of self-seeking, ancient Greece was economically and (over a period of sixty years) militarily destroyed. 

America is following this same path.

"The United States is currently suffering from an epidemic of narcissism," wrote Twenge and Campbell. "Understanding the narcissism epidemic is important because its long-term consequences are destructive to society." As the authors explain, narcissism is a psycho-cultural affliction which goes to the heart of today's financial crisis. For what is today's indebtedness except an indication of the present sense of entitlement (without regard to future costs). 

One of the symptoms of narcissism most relevant to financial markets is gross overconfidence. According to Twenge and Campbell, "The mortgage meltdown that led to the financial crisis of 2008 was caused, in part, by the narcissistic overconfidence of homebuyers who claimed they could afford houses too expensive for them and greedy lenders who were willing to take big risks with other people's money."

Is there a cure for America's narcissism? History suggests that narcissism cannot survive for long. A narcissistic culture is bound to follow a suicidal course. 

In the final analysis, catastrophe promises to wipe out an errant culture, making way for something new – either through violent revolution or through subjugation by foreign powers. This prognosis is not a comforting one, though it is grounded in history and science.



This Is The Letter That Got Mark Hurd Fired As CEO Of HP

The letter that took down Mark Hurd as CEO of HP has leaked after a court said it was going to be made public.

Here's the highlights/cliffs notes of the letter if you don't want to read the whole thing:

In the letter Gloria Allred, who represented Hurd's accuser Jodie Fisher, says, "It is clear you had designs to make her your lover from the onset using your status and authority as CEO of HP and HP monies expecting her to be with you."  WHAT AN IDIOT!

HP hired Fisher to be a hostess at various events. Allred makes it seem like Hurd hand picked Fisher and was particularly interested in her from the onset.

Later in the letter Allred says Hurd invited Fisher up to his hotel room and brushed his hand against her breast. Twice. The second time, Fisher allegedly said to Hurd, "You do know you're touching my breast, right?" At that point Hurd allegedly said, "Oh sorry, sorry" and tried to laugh it off.

Hurd allegedly didn't give up that night. He asked her if she'd stay at his hotel room for the night. She then said, no, "I barely know you, and you are my boss."

Allred says Fisher left that night without anything happening, but it kicked off an "uncomfortable dance" that would last for two years. Sometimes Hurd would be professional with Fisher, but at times he would not and would "relentlessly cajole her into having sex" with Hurd.  TWO YEARS?

Allred alleges in the letter that Hurd tried to make Fisher feel like she should be lucky he was interested in her. Specifically, Allred writes, "You had been telling her about many different women that were crazy about you … including Sheryl Crow."

Two months later Fisher was at another HP event, this time in St. Louis. Once again, Hurd invited Fisher to dinner. After dinner he walked her back to her hotel suite. He entered her room, according to the Allred letter. Allred then alleges that Hurd forced himself on Fisher, putting his arms around her and kissing her. She then squirmed away, and Hurd went back to his own room.

Hurd also allegedly told Fisher that he had a lady in San Francisco and a lady in New York. Allred says, "It's clear you have various women in various places utilizing HP's monies, expensing hotels, airfare, and dinners while using your status and clear ability to enjoy female companionship and intimacy."

Months later Allred claims Hurd was walking around Madrid with Fisher and stopped at an ATM to show Fisher he had an account balance over $1 million.

In Madrid, Hurd also allegedly told Fisher about HP's negotiations to buy EDS. He is said to have told Fisher not to tell anyone about the deal.

The final encounter between the two happened in October 2009, according to the letter. Hurd once again had Fisher in his hotel room and tried forcing himself on her. Again she squirmed away. (If you're wondering why she was constantly in his hotel room, Allred says it's because Fisher worried she'd lose her job if she didn't play nice with Hurd.)

After that encounter HP stopped using Fisher. She left Los Angeles and moved to New Jersey. She was allegedly "emotionally debilitated and spiraling downward" and that's why she decided to pursue legal action against Hurd and HP.





In America, when we speak of "the state" we mean something like New Jersey. In Europe and elsewhere, it is the central government, including provincial and local governments. It is an entity or apparatus with a life of its own. For most of the history of the world, with very few exceptions, "the state" has been legitimized by gods and kings. As Louis XIV of France declared, "I am the State." Until the American Revolution, there was a wall of separation between government and its people.

Our American State is founded on the principle of "We the People" as the source of all legitimate authority. Its operation is exemplified by Lincoln's famous characterization of it in the Gettysburg Address: a government of, by and for the people. But who today believes our current government embodies these principles?

There is no government "of the people" because "We the People" can't afford to run for office. Candidates need personal fortunes or else most (but not all) will sell out to the special interests.

"For the people"? Only in a convoluted way. Almost 60 percent of all Americans (dependents included) get 100 percent of their income from government (federal, state and local): as workers, Social Security and SSI recipients, other pension beneficiaries and general assistance. The American State, as paymaster to so many people, has created a class of servants. Perhaps this is why the government has no fear to serve itself first. For example, Congress has its own retirement program (not Social Security) its own health benefits and other lifetime perks. The American State also spends billions and billions on programs for corporate and other special interests, thus assuring its survival.

Worse yet, our government is now a "house divided against itself." It is clearly dysfunctional. Elections are an excuse to sow seeds of hatred and discontent.

There is ubiquitous belief that government doesn't serve the public good, and there is an overwhelming lack of confidence in Congress.

Our state can save itself, but not its people. It cannot solve any of the complex problems we face, such as crushing debt, health care, educational reform, immigration policy, failing infrastructure, poverty and underemployment.

When the general population has no faith or stake in the state, it will collapse.

Given the seething discontent, two major political issues related to the 2012 presidential election will act as flash points signaling the reshaping and eventual demise of our current state. 

First is the geography of our politics, whereby a candidate can dominantly win urban populations in a select number of states and become president. Also, a candidate may win the popular vote and yet not be president. 

The second is the coming call for the elimination of the Electoral College. 

Where we go from there is an open question.

Many believe that we can replace our American State with a global system of government that can solve our problems. This would only make matters worse, making what is complex impossibly so. Consider government debt. Despite what propagandists say, these liabilities can't ever be paid off.

Our leaders know that the easiest way out of our debt is to destroy it and U.S. sovereignty by merging it into a world SuperState. After many trillions of wealth are destroyed by taxation, inflation and confiscation, and after much strife, a super-government run by a small number of elites will constitute a new state. There will be fewer liberties and fewer opportunities, but lots of gadgets, games and techno-diversions for all.

But wait there is still one small detail that they have not considered. America is still a government "BY THE PEOPLE." We do have the power to change things, to create an alternate future. 

What we most desperately need are different kind of leaders. Most current ones are living homages to a credo of Wealth, Power and Fame. We need servant-leaders, people who prioritize service first.

Such leaders prize humility, espouse a sense of community, of nurturing — even of healing. Potential leaders like this do exist among "We the People."  They must be found.

This will take time, and in this crazy age, time is compressed. Now that we are on the downward slope, can "We the People" reverse momentum?

The volatility seen in the latter half of 2011 should either continue indefinitely or intensify as numerous uncertainties in the EU, Iran, etc remain. It wouldn't be shocking to see major benchmarks such as the DOW drop 15-20%, nor would it be shocking if we were to trade more or less sideways with volatile movements in both directions. Under normal circumstances it would be logical to see sharp corrections in equity markets around the world but given the massive monetary debasement, which shows no signs of slowing down, could very well serve to prop up markets. China is likely to experience a material downturn but the timing is very difficult, relying on assumptions as to how aggressive the central bank will be in trying to delay the cleansing of the imbalances. Of course, the success or lack thereof depends on the western world as China remains largely an export economy.

The major benchmarks could manage say a 5-7% annual return for the next several years, however, this would merely be an illusion because it is the real return that matters. Inflation can't be measured, despite what government and academia proclaim. This would involve measuring the change in prices of every good and service as well as weighting them perfectly. Given the economic environment and the paradigm shift in the economy, that is gold and silver reclaiming the 5,000 year reign as the only true money, slowly discrediting the fiat money, measuring real performance must be adjusted accordingly. While there is no "correct" way of doing this, measuring one investment return relative to gold, silver (or a combination of both) is far more accurate than measuring it in dollar terms.

So at this point it's pretty obvious that;

The insiders who run the government will take as much as they can get away with.

Gradually, more and more people become insiders.

Gradually fewer and fewer people are adding real value to the economy.

The zombies multiply, They vote, The system is locked into disastrous cycle.

Eventually, war…revolution… financial panic.....or a massive soverign bankruptcy will stop them. The old systems will blow up. The incompetent, the corrupt and the zombified will be swept aside. Honest people will be left to clean up an enormous mess!

In 2012, we shall see..............

A Run On The Global Banking System - How Close Are We?................ AN ABSOLUTE MUST READ!

A Run On The Global Banking System - How Close Are We?

Nine weeks after its bankruptcy, the general public still hasn't quite realized the implications of the MF Global scandal.

This is the first tremor of the earthquake that's coming to the global financial system. And how the central banks and financial regulators treated the "Systemically Important Financial Institutions" that had exposure to MF Global—to the detriment of the ordinary, blameless customer who got royally ripped off in its bankruptcy—is both the template of how the next financial crisis will be handled, and an accelerator that will make the next crisis happen that much sooner.

So first off, what happened with MF Global?

Simple: It went bankrupt—because it made bad bets on European sovereign debt, by way of leveraging positions 100-to-1. Yeah, I know: Stupid. Anyway, they went bankrupt—which in and of itself is no big deal. It's not as if it's the first time in history that a brokerage firm has gone bust. But to me, the big deal in this case was the way the bankruptcy was handled.

Now there are several extremely serious aspects to the MF Global case: Specifically, how their customers were shut out of their brokerage accounts for over a week following the bankruptcy, which made it impossible for those customers to sell out of their positions, and thus caused them to lose serious money; and of course how MF Global was more adept than Mandrake the Magician at making money disappear—about $1 billion, in fact, which still hasn't turned up. These are quite serious issues which merit prolonged discussion, investigation, prosecution, and ultimately jailtime.

But for now, I want to discuss one narrow aspect of the MF Global bankruptcy: How authorities (mis)handled the bankruptcy—either willfully or out of incompetence—which allowed customer's money to be stolen so as to make JPMorgan whole.

From this one issue, it seems clear to me that we can infer what will happen when the next financial crisis hits in the future.

Brokerage firms hold clients' money in what are known as segregated accounts. This is the money that brokerage firms hold for when a customer makes a trade. If a brokerage firm goes bankrupt, these monies are never touched—because they never belonged to the firm, and thus are not part of its assets.

Think of segregated accounts as if they were the content in a safety deposit box: The bank owns the vault—but it doesn't own the content of the safety deposit boxes inside the vault. If the bank goes broke, the customers who stored their jewelry and diaries in the safe deposit boxes don't lose a thing. The bank is just a steward of those assets—just as a brokerage firm is the steward of those customers' segregated accounts.

But when MF Global went bankrupt, these segregated accounts—that is, the content of those safe deposit boxes—were taken away from their rightful owners—that is, MF Global's customers—and then used to pay off other creditors: That is, JPMorgan.

The mechanics of how this was done are interesting, but insanely complicated, and ultimately not relevant to this discussion. To grossly simplify, MF Global pledged customer assets to JPMorgan, in a process known as rehypothecation—customer assets which MF Global did not have a right to. Needless to say, JPMorgan covered its ass legally. Ethically? Morally? Black as night.

This was seriously wrong—and this is the source of the scandal: Rather than being treated as a bankruptcy of a commodities brokerage firm under subchapter IV of the Chapter 7 bankruptcy law, MF Global was treated as an equities firm (subchapter III) for the purposes of its bankruptcy.

Why does this difference of a single subchapter matter? Because in a brokerage firm bankruptcy, the customers get their money first—because after all, it's theirs—while in an equities firm bankruptcy, the customers are at the end of the line.

In the case of MF Global, what should have happened was for all the customers to get their money first. Then everyone else—including JPMorgan—would have picked over the remaining scraps. And the monies MF Global had already pledged to JPMorgan? They call it clawback for a reason.

The Chicago Mercantile Exchange, which handled the bankruptcy, should have done this—but instead, the Merc was more concerned with making JPMorgan whole than with protecting the money that rightfully belonged to MF Global's 40,000 customers.

Thus these 40,000 MF Global customers had their money stolen—there's no other polite way to characterize what happened. And this theft was not carried out by MF Global—it was carried out by the authorities who were charged with handling the firm's bankruptcy.

These 40,000 customers were not Big Money types—they were farmers who had accounts to hedge their crops, individuals owning gold —

—in short, ordinary investors. Ordinary people—and they got screwed by the regulators, for the sake of protecting JPMorgan and other big fry who had exposure to MF Global.

That, in a nutshell, is what happened.

Now, what does this mean?

It means that nobody's money is safe. 

It means that regulators care more about protecting the so-called "Systemically Important Financial Institutions" than about protecting Ordinary Joe investors. 

It means that, when crunchtime comes, central banks and government regulators will allow SIFI's to get better, and let the Ordinary Joes get screwed.

So far, so evil—but here comes the really troubling part: It is an open secret that there are more paper-assets than there are actual assets. The markets are essentially playing musical chairs—and praying that the music never stops. Because if it ever does—that is, if there is ever a panic, where everyone decides that they want their actual asset instead of just a slip of paper—the system would crash.

And unlike with fiat currency, where a central bank can print all the liquidity it wants, you can't print up gold bullion. You can't print up a silo of grain. You can't print up a tankerful of oil.

Question: When is there ever a panic? When is there ever a run on a financial system?

Answer: When enough participants no longer trust the system. 

It is the classic definition of a tipping point. It's not that all of the participants lose faith in the system or institution. It's not even when most of the participants lose faith: Rather, it's when some of the participants decide they no longer trust the system that a run is triggered.

MF Global has shoved us a lot closer to this theoretical run on the system.

A lot of investors who are sophisticated, wealthy, and not at all the paranoid type—are quietly pulling their money out of brokerage firms, banks, equity firms. They are quietly trading out of their paper assets and going into the actual, physical assets.

Note that they're not trading into the asset—they're simply exchanging their paper-asset for the real thing.

Why? MF Global.

The MF Global scandal has made it clear that the integrity of the system has disappeared.

The banks are insolvent,  governments are insolvent, and all that's left is for the people to realize what's going on—and that will start a panic.

Sophisticated people have realized that the MF Global scandal means that there is no safety for any paper investment: The integrity of the systems has been completely shattered. If in the face of one medium-sized brokerage firm going under, the regulators will openly allow ordinary people to be ripped off for the sake of protecting the so-called "Systemically Important Financial Institutions"—in this case JPMorgan—what will happen if there is a system-wide run? What if two or three MF Globals happen simultaneously?

Will they protect the citizens' money? Or will they protect the "Systemically Important Financial Institutions"?

I think we all know the answer.

And I think we all know the answer to the question of whether there will be crisis flashpoint in the near-term future: the banks and many governments are broke.

It's only a matter of time before they come for your money.

There will be a run on the system: It's only a matter of time. In fact, the handling of the MF Global affair has sped up the timeframe for this run on the system, because the forward-edge players who understand the implications of the bankruptcy—realize that the regulators will side with the banksters, and not the ordinary investors: So they are preparing accordingly.

Once there is a full-on panic, anyone with money in the system will lose at least a big chunk of it, in one of two ways, or a combination thereof:

One, the firms—commodities brokerage firms, equity firms, investment banks and commercial banks—will not allow people to withdraw the totality of their money, and/or they will put a withdrawal cap of some sort, enforced by the central banks and other regulatory bodies. (Like they did in Argentina.)

Two, the central banks will "provide liquidity"—that is, print money—while simultaneously declaring a banking holiday to, quote, "calm the markets". During that bank holiday, the currency will be devalued by double digits—which will mean that your cash holdings will essentially be taxed to save the banksters—again. (Like they did in Argentina.)

Thus apart from proving that the United States really is Argentina with nukes, the MF Global bankruptcy has proven something crucial: The central banks and government regulators have completely fallen into the trap of confusing the welfare of the "Systemically Important Financial Institutions" with the welfare of the system itself. They don't seem to realize that the SIFI's are actors within the system—not the system itself.

Critics of the current, corrupt state of affairs also sometimes confuse the SIFI's with the system itself, whenever we say, "The whole system is corrupt!"

But the system is not corrupt—it's the regulators and SIFI's who are corrupt. If nothing else, the handling of the MF Global bankruptcy has proven that, once and for all. That's why we're pulling out our money now—while we still can.

Once the general public catches on to what sophisticated investors already know . . . oh boy.

What Does Our Future Hold?..................... People are more interested in mindless entertainment, than in truth!

What Does Our Future Hold?

"If you want a picture of the future, imagine a boot stamping on a human face—forever."

                                                                                                                George Orwell, Author of "1984'

A battle for the future of mankind has been going on for many centuries. We are in the final phases of the battle, where unless there is sufficient resistance both legally and spiritually, America and the freedom's it represents is about to violently gang-raped in the public square and shot to death. The men and women who will commit this crime are in the media, politics, science, art, culture, education and they could be you and I. 

The future is not fixed. What we believe and what we do will determine the outcome. Many do not recognize that America's death will soon be their own, there is nowhere to hide. Freedom of speech, freedom of the press, freedom of religion taken from one group will quickly be stolen from all.

The American Republic along with its unique Constitutional freedom's was stolen by criminals late one Christmas Eve with the passage of the Federal Reserve Act in 1913. While America was celebrating the birth of their Savior Jesus Christ, a coup was arranged. Now it is illegal to celebrate our Savior's birth in public buildings, schools and public property. There is a direct correlation between the passage of the Federal Reserve Act in 1913 and the fact that open displays of nativity scenes are now illegal. 

In an act that was in direct violation of our Constitution and Bill of Rights, an independent and private banking cartel of twelve banks, called the Federal Reserve seized control of the money supply of the United States of America. Our founding fathers warned us repeatedly of the danger of these Central Banks, which is what the Federal Reserve is. The Federal Reserve is a completely private organization of international bankers, which is not legally accountable to our government or its people. The Federal Reserve does not have to give account of what it does with the money it gets from you the taxpayer, it cannot be audited and its membership is secret.  THESE ARE FACTS, NOT OPINIONS.  

President Thomas Jefferson was so concerned about the danger of these Central Banks or the Federal Reserve that he issued this warning:

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent that their fathers conquered."

This is exactly what is happening in America today while our Corporate-controlled media and government conceals the real truth from the American people.

Baron Nathan Mayer de Rothschild 1777-1836 said; 

"I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain's money supply controls the British Empire and I control the British money supply."

The great science fiction writer, Robert Heinlein wrote; 

"Every Congressman, every Senator knows precisely what causes inflation, but can't (won't) support the drastic reforms to stop it (repeal the Federal Reserve Act) because it would cost him his job and probably his life."

There are some exceptions, but the men and women we elect to lead our nation have sold us down the river because they do not work for "we the people," they are the puppets of the international bankers. 

The average American and European are clueless as to why the financial system is collapsing all around them.  

Are You Ready for the Coming One World Government, One World Economic System and the Coming One World Religion?

The international banking elite totally control the global economic and political system. 

The Rothschild Brothers of London in 1863 actually came right out and explained how the financial system actually works:

"The few that understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class. The great body of people, are mentally incapable of comprehending the tremendous advantages, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical to their interests."  ABSOLUTE TRUTH!

The economic shockwaves that just happened in Europe will soon come to America. It is part of the design of the international bankers who are moving us into a global government and one world economic system. 

Knowledge is power, but the people are more interested in mindless entertainment, than in truth that could change their lives. 

The creator of the Ford Motor Company, Henry Ford commented, 

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

I believe that it is possible to legally and spiritually change the system and preserve our Constitutional rights. 

Most people feel powerless against a monolithic system which is global in nature. But, that powerlessness is an illusion.

Whether you are religious or not, you cannot see yourself as a spectator or someone watching reality from a movie theatre seat. You are an active partner with God in what is happening in our nation and world. African American people would still be picking cotton for their masters, if people did not choose to get involved.

What happens to America in the next few years will be the direct result of your choices. In other words, in a Universe created by God, you are responsible. God put you here, in this time period, for a purpose. Before you arrived here at this time, He knew the nature of the challenges you would face and He has already given us the resources to deal with the challenges.

It is a false belief to believe you are helpless, a victim and there is nothing you can do. If there is nothing you can do, then why did God put you here? Yes, He gave you free choice and you can choose to be a useless victim. However, God did not create you to be a victim. You are not to give in to fear. In this world at this very moment, are all the resources we need to accomplish the task at hand. We have everything we need to get the job done. 

The time has come to place our minds and hearts in the position of using wisely what GOD has given us. It is  only when we put our hearts in minds in the position of humility that the answers and resources will flow from GOD.



The assumption among the majority of Americans is that the US dollar as the world's reserve currency will maintain America's political, financial and economic hegemony around the world for decades to come. But, if there's one lesson to be taken from economic history, it's that no currency survives the test of time.  OUR TIME HAS COME...... TOO MUCH DEBT, TOO LITTLE LEADERSHIP.

The United States has enjoyed reserve currency status for nearly a century, but our time may be quickly coming to an end. Some of the world's previous reserve currencies survived for hundreds of years, so some may argue that the US dollar still has some staying power. However, the very same reasons responsible for the collapse of the aureus (Roman gold), dinarius (Roman silver), solidus, gulden and pound will be responsible for the downfall of the dollar.


It's simply, really. When governments spend more money than they bring in via taxation they are forced to devalue their currency. The Romans did it by reducing the silver content of their coinage, with some 95% of the precious metal being stripped from their coins by the time the empire collapsed in the 4th century.

From a Historical Perspective: The US Dollar vs. The Roman Denarius:


Does the above chart look somewhat familiar?

It should:

What took the Romans nearly three centuries to accomplish, our Federal Reserve has done in less than one hundred.