The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label 2016. Show all posts
Showing posts with label 2016. Show all posts

Wednesday, February 15, 2017

IRS quietly adjusts tax requirements in having to pay Obamacare mandate to follow President Trump's Executive Order

In a victory for personal choice and civil rights, the IRS has quietly adjusted their tax policies to not require individuals to fill out Line Item 61 which declares that you either have health insurance, or are required to pay the Obamacare mandate, in accordance with an Executive Order signed by President Donald Trump during his first days in office.

Called the Executive Order Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal, and signed on the very first day of Trump's inauguration, this Order repeals the forced tax mandate on individuals who either cannot afford, or choose not to get health insurance that coincides with the original Affordable Health Care law's mandates.

Image result for obamacare this is going to hurt
How much difference does a single line on a tax form make? For Obamacare's individual mandate, the answer might be quite a lot. 
Following President Donald Trump's executive order instructing agencies to provide relief from the health law, the Internal Revenue Service appears to be taking a more lax approach to the coverage requirement. 
The health law's individual mandate requires everyone to either maintain qualifying health coverage or pay a tax penalty, known as a "shared responsibility payment." The IRS was set to require filers to indicate whether they had maintained coverage in 2016 or paid the penalty by filling out line 61 on their form 1040s. Alternatively, they could claim exemption from the mandate by filing a form 8965. 
For most filers, filling out line 61 would be mandatory. The IRS would not accept 1040s unless the coverage box was checked, or the shared responsibility payment noted, or the exemption form included. Otherwise they would be labeled "silent returns" and rejected.
Instead, however, filling out that line will be optional. - Reason
In tax filings for 2016, the Obamacare mandate rose to either 2.5% of household income, or $695 per person, dependent upon which was higher.

Thursday, January 5, 2017

Gold price starts off 2017 the same way it did in January of last year following Fed rate hike

When the Federal Reserve raised interest rates for the first time in a decade back in December of 2015, the price of gold fell for the remainder of the the month only to reverse and climb by nearly 20% in early 2016.


Fast forward to December of 2016 where the central bank once again mirrored their 2015 actions by raising interest rates by a quarter point, and as before the gold price stagnated for the last few weeks leading up to the end of the year.

After the first five days of 2017 we appear once again to be seeing a similar move in the precious metals that took place exactly one year ago.  And although it is far too early to predict whether the outcome in the gold markets will mirror that which took place in January and February of 2016, the signs are pretty good that support levels have been established and that we will see a higher move in the gold price thanks to the Fed, and uncertainty in the global financial markets.


Friday, July 1, 2016

Gold rises over $20 as the second half of 2016 begins just like the start of the year

As the second half of 2016 began today on July 1, gold moved up and continued the trend set back in early January of this year.  In fact, with the gold price closing up over $20 to end the week at $1342.90, it solidified the bull trend upward and closed out above four year old resistance levels.

Live New York Gold Chart [Kitco Inc.]
Gold futures continue to see more inflows as we start the second half of the year. Both technical buyers and hedge funds put new money to work in a busy pre-July 4 Friday.
We had been worried about about a rally in gold futures causing a rush for a wing vol, a way out of a call with high volatility. The upward spike in gold futures prices on Friday (to a high of $1,344.30 for the August contract traded at the Comex) kept implied volatility of options muted as some market participants sold call options against the underlying length. That meant that traders sold calls against futures that they already purchased 
Futures contract trading volume on the Comex on Friday was equivalent to 20 million ounces, and volume in front month call options are picking up. 
The GCQ $1360 calls have been the main option interest with close to 2,000 contracts being bought and sold down .5% vol. - The Street
In addition to gold spiking higher, the one asset class that did much better was its brother metal, silver.  In fact, just as gold spiked by more than $100 on Brexit day last week, silver rose by nearly $2 over the past two days as expectations of central bank money printing and historic short covering rocketed the white metal to nearly over $20 an ounce.

Monday, May 30, 2016

Canadian mint sales of gold up 20% in Q1 while U.S. buyers of Comex gold contracts soar at record pace

For those obsessed with the current slam downward in gold prices, realize that this is a short-term paper driven anomaly by the U.S. central bank to protect the dollar from falling below 92 on the currency index.  And the primary reason to feel decent despite the $100 drop in the price is because demand continues to soar at record levels in both the physical and paper markets.

On May 28, the Canadian Mint released their sales numbers for gold maple leaf coins and for the quarter of 2016, purchases were up nearly 20% from the same quarter in 2015.

The Royal Canadian Mint Sold 212,600 Ounces of Gold in the First Quarter of 2016.
First quarter 2016 Canadian Mint gold sales rose 18.7% year over year in Q1 2016 from 179,100 ounces sold in the same quarter in 2015. First quarter 2016 gold sales put the Royal Canadian Mint on Track to sell One Milion ounces in 2016. 
The Royal Canadian Mint released its first quarter 2016 report this week. 
The report showed that Royal Canadian Mint first quarter 2016 gold sales increased 18.7% year over year from the first quarter of 2015. (212,600 ounces vs. 179,100 ounces) - SGT Report
Additionally, there was an interesting and historic anomaly last week in the Commitment of Traders (COT) report that shows open interest on the U.S. Comex market.  In it, speculators were leaving the gold futures market while at the same time the number of commercial traders going long in the metal did so at the fastest rate in the report's history.
Summary 
Speculative traders abandoned gold positions at a tremendous rate over the past week. 
While speculative bulls were dropping their gold contracts, larger commercial traders were buying up gold long contracts at the fastest rate in the report's history. 
While we have been bearish on gold for the past few weeks, we now think it is a good time for investors to start re-establishing gold positions. 
In the latest Commitment of Traders report (COT), we saw something very unusual happen but it wasn't on the speculative side. Speculative traders did what we expected them to do with the price downturn - longs sold hand over fists while shorts increased their own positions. But what was unusual was that Commercial traders (the big buyers of gold) increased their positions by the largest weekly amount in the history of the new COT report. - Seeking Alpha

Thursday, May 12, 2016

Gold demand for first quarter of 2016 is the highest on record

As the numbers come in for the gold industry in the first quarter of 2016, demand for the precious metal, both in physical purchases and paper equities is the highest total amount on record.  And with institutions such as J.P. Morgan publicly calling a new bull market in full swing, chances are likely that not only the second quarter, but the rest of the year, will see massive inflows of buyers into the gold markets.

Demand for gold soared at the start of the year, the strongest first quarter on record, the World Gold Council (WGC) has said. It predicted that negative interest rates, global uncertainty and a good monsoon season in India would bolster buying further in coming months. 
Demand surged 21% between January and March, as negative interest rates in Japan and Europe, which have led to rock-bottom savings rates, slower global growth and stock market turbulence drove investors to bullion, seen as the ultimate safe haven. 
The WGC’s report [pdf] noted that China’s devaluation of the yuan had fuelled fears over the country’s economic health and the impact on the global economy, and that the pace of US interest rate rises was widely expected to slow. - The Guardian

Friday, February 5, 2016

Bo Polny: Nothing can stop the ongoing collapse of 2016

Earlier this year, economic and theological analyst Bo Polny shocked many by opposing Jonathan Cahn's timeline and book for a Shmitah in 2015, and instead added several other cycle data points to put the time of a debt implosion somewhere in 2016.  And with little really happening to the markets or geo-politics in September or October of last year, to date Cahn's calculations have been incorrect and Polny's have been manifesting since the first of the year.

And in a new interview on Feb. 4, Polny doubles down on his forecast and states unequivocally that the 2016 collapse is not only ongoing, but there is nothing central banks nor governments can do to stop it.



Saturday, January 2, 2016

Lions and tigers and derivatives and bail-ins… OH MY!

Perhaps it is because $247 trillion is just a number too big to contemplate, or that those in charge have an off button perpetually pushed when it comes to accepting the consequences of debt, but going into 2016 this black swan remains a ticking time bomb that can at any time crater the world even more than a conventional world war.
Oh, and by the way… this is just the derivative exposure of U.S. banks alone.
us_banks_derivatives_exposure_as_percent
Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trillion dollars?  Overall, the biggest U.S. banks collectively have more than 247 trillion dollars of exposure to derivatives contracts.  That is an amount of money that is more than 13 times the size of the U.S. national debt, and it is a ticking time bomb that could set off financial Armageddon at any moment.  Globally, the notional value of all outstanding derivatives contracts is a staggering 552.9 trillion dollars according to the Bank for International Settlements.  The bankers assure us that these financial instruments are far less risky than they sound, and that they have spread the risk around enough so that there is no way they could bring the entire system down.  But that is the thing about risk - you can try to spread it around as many ways as you can, but you can never eliminate it.  And when this derivatives bubble finally implodes, there won’t be enough money on the entire planet to fix it. - Economic Collapse Blog

Read more on this article here... 

Thursday, December 31, 2015

Timeline for Collapse - 2016-2018: Interview with V the Guerrilla Economist

Happy New Year!  And perhaps we should enjoy this one like Dec. 31, 2008 before everything fell apart.

Below is an interview from today with V the Guerrilla Economist on his forecast for the economy, and the expected financial collapse that should take place between now and 2018.


You can catch more of The Guerrilla Economist at his website, Roguemoney.net.

Thursday, December 24, 2015

Bo Polny challenges Jonathan Cahn's work by showing how the Shmitah is really in 2016

In 2015, Harbinger author Jonathan Cahn shocked Wall Street and the theological world with his work on the Shmitah, or Jubilee year in biblical history.  And after Elul 29 came and went with little or no earth shattering event in either finance or geo-politics taking place, the wave of fascination regarding the Shmitah waned into the limelight.



But another biblical scholar, and researcher of cycles is challenging Cahn's assessment that 2015 was to be the year of the Shmitah, and instead points towards October of 2016 as the true date of the historical marker.


What gives Polny some credibility in his research is that over the past year he has correctly called to the day the top of the markets, and the July crash that nearly saw a 20% decline over the next few weeks.

Interestingly as well, analysts like the Guerrilla Economist and Rob Kirby have put 2016 as a more significant year than this one for the culmination of economic chaos, with the dollar front and center for the crash.  And since this is the time for predictions across the board for the coming year in finance and economics, Bo Polny's forecast has a better chance of coming to pass, especially since his track record is incredibly accurate.

Monday, December 14, 2015

Got Karatbars? As the next financial crisis appears on horizon, remember this... central banks traded gold as money in 2008

Dateline December 14, 2015.  Two new financial indicators are rocking the markets just two days away from the Fed's biggest policy decision in a number of years.  First, oil prices fell to below $35 a barrel with natural gas prices falling to their lowest since 2002.  And secondly, the bond markets are starting to crack, with liquidity problems in the junk bond market eerily forecasting the 2010 crisis that led to the start of Quantitative Easing.


As you can see from the above chart, the last time oil prices were this low and liquidity problems occurred we were in the middle of the Great Recession.

Yet with all the talk over the past few years about the dollar, the Yuan, and about ongoing currency wars, one thing seems to have fallen off the radar, and that was the fact that following the 2008 October crisis, central banks began transacting not in the dollar or in their primary currencies, but instead they traded in gold.

The one real form of money.
Alan Greenspan, the venerable former Federal Reserve chairman, speaking to the U.S. Congress in 1999, said, "Gold still represents the ultimate form of payment in the world. Fiat money, in extremis, is accepted by nobody. Gold is always accepted." 
In 2002, in a speech given before the Economic Club of New York, Mr. Greenspan also said, “As recently as a decade ago central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess.” He confirmed what Aristotle stated 2,500 years ago when he said, “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.” - Goldbroker
During the 2008 crisis several transactions of the Bank for International Settlements (BIS) involved gold. What is significant in this is that gold is being used in international settlements again after so many decades of being sidelined in the monetary system. Gold’s old emergency usefulness has resurfaced, albeit behind closed door sat the BIS in Basel. The transactions themselves confirm that gold is being used in this manner, which is a dynamic confirmation of gold's return to the monetary system.
And perhaps it is not ironic that following the 2008 crisis, Russia, China, India, and a few other nations we now know as the BRICS began purchasing physical gold in record numbers, and have systematically moved most of the world's gold from the West over to the East.  And they have done so following the same intentions that the BIS used in their realization that fiat currencies, including the dollar, cannot function outside of a stable and controlled financial system, and are worthless in a real monetary crisis.

As we come to the end of 2015, and enter into a year where market indicators like oil, bonds, equities, and currencies are screaming that we have entered into a new recession, what potential magic tricks do the central banks have since interest rates are already at zero, and Quantitative Easing has surpassed the point of diminishing returns (see the fact we are all in a deflationary environment)?  The answer is that there is nothing left but hyper-inflation for the banks to attempt, and this, along with doing nothing short of a Jubilee reset, will stop the inevitable from happening.

So if the answer for any monetary crisis is the use of gold, and a return to a gold based monetary system as was done by the central banks themselves following the 2008 collapse, how can we as individuals protect ourselves in both the short and long terms from a complete loss of wealth, and to be on the ground floor of what the world will transition to next?  Because if you don't get your protection now, policies are being put in place where you may never be able to.


India’s Failing Gold Monetization Scheme: Seizure Imminent?
“A finance ministry official said if banks fail to win over temples, the government could intervene directly as it is looking for a big boost to the scheme to keep both imports and the current account deficit under control.” - Mises
With this in mind, there is a way to accumulate gold and protect your wealth outside the realms of banks and governments... and it is with a company called Karatbars




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Sunday, December 13, 2015

Barron's Magazine shows why mainstream economists are fail forecasters

On Dec. 13 Barron's Magazine published their 2016 economic forecasts, and from their crystal ball they cited the same analysts who made market predictions for the publication last year.  However, if you go back to Barron's 2015 forecasts you will find a very interesting dichotomy...

That is, nearly all predictions made by these mainstream economists were wrong.


On average, most of the analysts put the S&P 500 at 2200 for 2015, off by a 66 points at the record high of the market, and over 190 from its close on Friday.

In addition, these analysts GDP growth estimates were between 2.8% and 3.2%, but growth for 2015 going into the final weeks of the year is a paltry 2.1%,

And none of them saw the drop in energy prices leading into 2015.

So again one year later, let's take a look at these same forecaster's and how off they should be seeing as their primary job is to always forecast bullish sentiment rather to keep the stock markets going higher.


S&P 500 ranges from 2100 to a whopping 2500, but perhaps what is most interesting is the decline in their predictions for GDP growth.  1.9% - 3.25%.

Note:  Nearly all alternative media economists like Peter Schiff, Gerald Celente, Rob Kirby and Jim Willie are far below these fairy tale predictions for the coming year.  So enjoy a bit of pragmatism vs. Goldilocks optimism.


Tuesday, December 8, 2015

Got Karatbars? World's top trends forecaster Gerald Celente predicts war, economic chaos, and currency disruptions in 2016

As we near Christmas, and the final weeks of 2016, the time for economic predictions and forecasts are starting to come from both mainstream, and alternative news sources.  And when it comes to global forecasts, very few can put themselves in the same league as the undisputed leader in trends tracking, that being Gerald Celente of the Trends Journal.

On Monday, Gerald Celente sat down with USA Watchdog's Greg Hunter to discuss both current, and future trends that are coming over the horizon for 2016.  And just as Celente last year predicted the rise of chaotic geo-politics that we have and are seeing now in 2015, it will only be the precursor to even greater economic calamities, currency disruptions, and an expansion of war drums heading into next year.

Celente on the Economy
Top trends forecaster Gerald Celente says 2016 is going to be very rough. What’s coming right at us? Celente says, “Global recession, and it’s already happening, all they have to do is open their eyes and open their ears. Iron ore, copper, aluminum, nickel, zinc, one after another from wheat to dairy products to corn. When you look at the Bloomberg Index, it’s down to 1999 levels on average. What is that telling us? There is too much product and not enough demand. It’s the same thing with oil. There’s too much production and not enough demand. . . . What we are looking at is a global slowdown because commodities are the canary in the mine shaft.”
On Geo-politics and War
On global war, Celente says, “Unfortunately, when all else fails, they take us to war. Look, go back to 1929 and the market crash. You had market crashes, Great Depression, currency wars, trade wars, world war.  Voila, here we are again. Panic of ‘08, Great Recession, currency wars world war. . . . When the market collapses, the war talk will heat up.”
And on Gold and Silver
Gold and silver are running counter to other commodities. Why? Celente says, “Demand is up for gold and silver. To me, it is the ultimate safe haven. I’ve been saying since 2012 and 2013 that the bottom for gold is about $1,050 an ounce. I gave that number out because that’s about what it costs to pull it out of the ground. . . . Gold is about planning for the worst.”

So, is the spike in gold and silver demand a precursor to the next crash, which Celente is predicting to be coming soon? Celente says, “I totally believe so. . . . It’s definitely worse now. Look at the bubble they created. . . . If there is a terror strike, they will use this as the excuse to rob us to try to mitigate the disaster that they have caused. I believe they will declare a bank holiday and devalue the currency. That’s the way they are going to get us out of this.”

Besides Gerald Celente's forecast for recession and war, another alternative media economist also agrees with most if not all of these assessments, and expands upon the fragility of the economy, even as the holiday season's retail numbers pop 10% below last year's horrific outcome.
#1 On Tuesday, the price of oil closed below 40 dollars a barrel. Back in 2008, the price of oil crashed below 40 dollars a barrel just before the stock market collapsed, and now it has happened again. 
#2 The price of copper has plunged all the way down to $2.04. The last time it was this low was just before the stock market crash of 2008. 
#3 The Business Roundtable’s forecast for business investment in 2016 has dropped to the lowest level that we have seen since the last recession. 
#4 Corporate debt defaults have risen to the highest level that we have seen since the last recession. This is a huge problem because corporate debt in the U.S. has approximately doubled since just before the last financial crisis. 
#5 The Bloomberg U.S. economic surprise index is more negative right now than it was at any point during the last recession. 
#6 Credit card data that was just released shows that holiday sales have gone negative for the first time since the last recession. 
#7 As I mentioned yesterday, U.S. manufacturing is contracting at the fastest pace that we have seen since the last recession. 
#8 The velocity of money in the United States has dropped to the lowest level ever recorded. Not even during the depths of the last recession was it ever this low. 
#9 In 2008, commodity prices crashed just before the stock market did, and late last month the Bloomberg Commodity Index hit a 16 year low. #10 In the past, stocks have tended to crash about 12-18 months after a peak in corporate profit margins. At this point, we are 15 months after the most recent peak. #11 If you look back at 2008, you will see that junk bonds crashed horribly. Why this is important is because junk bonds started crashing before stocks did, and right now they have dropped to the lowest point that they have been since the last financial crisis. 
If just one or two of these indicators were flashing red, that would be bad enough.
The fact that all of them seem to be saying the exact same thing tells us that big trouble is ahead. 
And I am not the only one saying this. Just today, a Reuters article discussed the fact that Citigroup analysts are projecting that there is a 65 percent chance that the U.S. economy will plunge into recession in 2016… Author Robert Kiyosaki: ‘Biggest’ Market Crash Likely in 2016 Author Robert Kiyosaki: ‘Biggest’ Market Crash Likely in 2016 Important: Can you afford to Retire? Robert Kiyosaki, best-selling author of “Rich Dad, Poor Dad,” warns that stock market manipulation may result in a crash bigger than in 2007. Gold and silver have crashed. Junk bonds have crashed. Chinese stocks have crashed. The Global Economy Is Officially Melting Down - Investment Watchblog

All predictions and forecasts are never written in stone, and quite often the hit rates on many of these can be around 50% or less.  But of the analysts who publicly make economic forecasts each year for investors, companies, and even the general public, Gerald Celente, Peter Schiff, and Dr. Jim Willie are by far the most accurate in their assessments, and have a proven track record of predicting the last major financial crisis more than a year before it occurred in 2008.

So if recession, global wars, currency collapses, and threats to the dollar are on the horizon for next year, what is the best way for you to be prepared no matter what happens inside the U.S., or in markets and currencies within the entire global financial system?

With physical gold from a company called Karatbars.




Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, Karatbars is working on a new e-wallet system that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.