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?

Saturday, July 20, 2019

Iran approves Gold Standard in creation of new sovereign cryptocurrency

Many in the cryptocurrency community have forecasted that unbacked digital currencies such as Bitcoin will either compliment, or even one day supplant sovereign currencies as the primary medium of exchange.  But what most of these cryptocurrency advocates fail to take into account is that governments are the ones who hold the power to determine what is and isn't legal tender.

For now cryptocurrencies do have their uses in the burgeoning technology known as a the Blockchain, but in what could become the first of many sovereign created cryptos, the nation of Iran announced on July 20 that they are preparing for the implementation of a gold backed cryptocurrency.

Who says the gold standard is dead?

The Tehran News agency has reported that Iran intends to launch a gold-backed cryptocurrency. This comes less than a week after President Trump slammed virtual currencies on Twitter amid tensions between the historic foes. The New agency reported the development on its English website. 
Accordingly, the Central Bank of Iran (CBI) has approved the issuance of new cryptocurrencies. This is according to the CEO of Iranian Information and Communication Technology (ICT) FANAP, Shahab Javanmardi.
Shahab described the measure as follows: 
“IRAN’S CRYPTOCURRENCY WILL BE SUPPORTED BY GOLD, BUT ITS FUNCTION IS SIMILAR TO OTHER CRYPTOCURRENCIES. THE CRYPTO ASSET IS DESIGNED TO MAXIMIZE THE USE OF IRANIAN FROZEN BANK ASSETS.” - Asia Crypto Today
Interestingly as well, both Russia and China are also in the process of creating sovereign cryptocurrencies that will most likely be gold backed in some form or fashion.  And with the most recent numbers out on bi-lateral trade along the new Silk Road 2.0 showing $600 billion worth of dollar and non-dollar transactions, it will only require a few simple steps to transition these agreements from fiat to gold now that the Blockchain is ready to supplant the global financial system.

Monday, July 15, 2019

European Union more than happy to place a convicted criminal at the head of the ECB

With the majority of people in the West having extraordinarily short memories, it should not be surprising that there has been little question of the IMF's Christine Lagarde being nominated to run the European Central Bank.  However if one goes back just two years you would find that Lagarde just happens to be a convicted criminal of financial crimes.


International Monetary Fund chief Christine Lagarde has been convicted over her role in a controversial €400m (£355m) payment to a businessman. 
French judges found Ms Lagarde guilty of negligence for failing to challenge the state arbitration payout to the friend of former French President Nicolas Sarkozy. 
The 60-year-old, following a week-long trial in Paris, was not given any sentence and will not be punished. 
The Court of Justice of the Republic, a special tribunal for ministers, could have given Ms Lagarde up to one-year in prisonand a €13,000 fine. – UK Independent
For Europe, the advent of a financial criminal running its central bank should not be a shock since its current Chief Mario Draghi was well known for fudging Italy's books in order to get them into the Continental Coalition.

What Lagarde's occupation as the head of the ECB portends is nothing short of terrifying for the populations of Europe as she has long admitted to being a staunch advocate of negative interest rates along with the need to eliminate cash in order for the central bank to seize total control over Europe's monetary system.

Fed set to institute full monetization of debt as early as 2020

While it is one thing to aid your primary dealers in buying U.S. Treasuries during scheduled auctions, it is quite another thing entirely to allow those banks to then borrow upon these very debt instruments you created.  And according to Deutsche Bank, this is exactly what will happen by next year.

In a report out by analysts at Deutsche Bank on July 14, the Fed is likely to launch a Repo facility in 2020 which would put the U.S. central bank on the main highway of full monetization.


Analysts from the German financial giant Deutsche Bank expect the US Federal Reserve to launch a new liquidity adjustment facility next year in order to spur US lending and business activity without implementing excessive monetary stimulus. 
Deutsche experts believe the Fed will introduce a repo scheme, providing commercial banks with money through repurchase agreements. 
According to a report by Deutsche Bank, the Fed is seeking to boost its lending to commercial banks by using Treasury bonds and other securities – mostly, bonds – as collateral. The repo facility could be formally introduced in several months, and Fed officials could soon start testing the scheme. 
“We reaffirm our expectations that the Fed could test this facility later this year and launch it for full-scale operations in early 2020”, Steven Zeng of Deutsche Bank wrote in the research note. – Sputnik News
Many analysts were already under the impression that since 2008, the Fed was monetizing nearly everything they could get their hands on.  But should they follow through with Deutsche Bank's assessment of a new Repo facility, then the monetization debate is now over.

Wednesday, July 3, 2019

"I love you 3000" as all indices close at all-time highs with S&P 500 and Dow on doorstep of 3000 and 27,000

In the market shortened session of July 3, risk was fully on as for the first time since January of last year, all three primary U.S. indices closed out the day at new all-time highs.

In fact if it weren't for the modified holiday trading schedule, the Dow probably would have crossed the 27,000 point and the S&P 500 would have received the Avengers Endgame treatment where Ironman's daughter told Tony that "I love you 3000".


Dow:


S&P 500:


Nasdaq:


Meanwhile, gold was sold off for equity risk after spiking to a new 6 year high yesterday of $1438.

Europe doubles down on monetary destruction by nominating IMF Chief Christine Lagarde to replace Mario Draghi

When the history books are written years in the future, the legacy of Mario Draghi will not be a good one.  In fact as the ECB head prepares to ride off into the sunset this October, he may well be labeled the central banker who destroyed the continent's single currency system.

And sadly, it appears that Brussels will not learn from their mistake in appointing a Goldman Sachs tool who was previously known for manipulating the numbers to ensure Italy made it into the Coalition, and is instead doubling down by nominating globalist and current head of the IMF Christine Lagarde to become the next President of the European Central Bank.

It's rare to find someone who is consistently wrong on everything. Christine Lagarde, whom the EU just anointed as the president of the ECB, comes close. 
To emphasize the point, Negative Interest Rates Benefit the Global Economy, Says IMF Chief Christine Lagarde. 
Subzero interest rates in Europe and Japan are “net positives” for the global economy, International Monetary Fund chief Christine Lagarde said Tuesday, though she warned that the side effects of unorthodox central-bank policies should be closely monitored. 
“We see the recent introduction of negative interest rates by the ECB and Bank of Japan —though not without side effects that warrant vigilance—as net positives in current circumstances,” Ms. Lagarde said. – FX Street
So to put it bluntly, Europe is preparing to replace one of the worst central bankers in history with an individual who not only praises his negative interest rate actions, but also believes Japan's 30 years of stagnation has been a good thing.

We have to wonder if Lagarde checked her numerology charts on this one, as Europe better be prepared for a another 4-10 years of jawboning and further money destruction.

Trump finds his perfect Fed candidate as he nominates gold standard and zirp enthusiast Judy Shelton to the Board of Governors

On July 2, President Donald Trump finally played his long-awaiting 'Trump Card' as he officially nominated Judy Shelton to fill a vacancy on the Central Bank's Board of Governors.


I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. D., U.S. Executive Dir, European Bank of Reconstruction & Development to be on the board of the Federal Reserve Judy is a Founding Member of the board of directors of Empower America and has served on the board of directors of Hilton Hotels. - zerohedge

Not ironically, gold prices shot up to new 6 year highs on this news which came about an hour after the markets had closed.


However being a staunch advocate of a gold standard is not the only attribute that the President likes in Dr. Shelton as she is also a big believer in taking interest rates back down to zero.
In May, Shelton told the New York Times that Fed’s practice of paying interest on excess money that banks keep at the Fed was "like paying the banks to do nothing." She said it discourages lending of money and that she favors reducing interest rates to zero - something Trump has also criticized the bank for failing to do. – Sputnik News
In the end Dr. Shelton's perspective appears to fit perfectly into what Donald Trump wants for the financial system... destruction of the dollar and central bank system followed by the opportunity once it has collapsed to return to a system of gold backed money.