Chart of the Large-cap US Technology Companies. Why is it up 36% in the last two months?
Christian DeHaemer is the founder of Bull and Bust Report and an editor at Energy and Capital. Christian says he has no idea. As he explains, rational thoughts no longer apply. There was a time when creating money out of thin air was bad, much less creating $6 trillion or 25% of GDP.
There was a time when 30 million unemployed was bad. One might think a new cold war with your largest trading partner, China, might be bad for stocks. Not to mention, a hundred thousand new dead bodies packing the morgues. But no, it appears that these things are good for stocks. Our thinking has been all wrong. It seems we need more broken stuff and more money printing. Forgive all the student debt. Bailout the universities. Give $2,000 a month to all the folks. A trillion for the airlines –– billions for Ford, Hudson, and Studebaker –– more for Carnival Cruise Lines and Blackrock. Bailout Chicago, Detroit, and West Cucamonga. Heck, all those municipal employees are good hard-working people. People like money and the Fed can just print it! Let’s give the people what they want. It will be fine…
Christian is right rational thought no longer applies and commonsense tells you the outcome can’t be good. More government control is certain and no longer is the prophesied end times, “Mark of the Beast” fanciful.
The biggest asset bubble in history and booms always bust.
In expectation of the next bust, there was this warning from the ‘central bank of central banks’…
‘Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growth.’
How much interest rate ammo does the IMF think the average central banker should have in reserve?
‘Severe recessions have historically required 3–6 percentage points cut in policy rates.’
And as if we didn’t already know, the IMF tells us…
‘If another crisis happens, few countries would have that kind of room for monetary policy to respond.’
Without the three–six percentage point buffer, how do our central banker bandits get out of this pickle?
Back in February 2019, the IMF released a paper titled…
‘Cashing In: How to Make Negative Interest Rates Work’
The obvious problem with negative rates is that no one wants to be charged to deposit their funds with a bank…it goes against everything we’ve grown up with.
Better to take out the cash out and keep it under the mattress or in a safe-deposit box.
The banks are well aware that customers have this option…and have used this option.
This has been the experience in Europe. In their efforts to discourage customers from withdrawing cash, banks have been caught in a real bind.
The banks have elected to not pass on the negative rates to customer accounts…instead, they’re absorbing the costs. Not good for the bottom line. Hence, we can expect to see more Deutsche Bank scenarios; “European banking giant axes 18,000 jobs” BBC News, 10th July 2019.
The system has become so dependent on debt and central bank intervention that it’s incapable of functioning on its own.
The dire economic and social consequences of a collapsing system will force policy makers to act…do something, do anything.
And that something and anything, is most likely going to be deeply negative rates and the monetising of government deficits.
Modern Monetary Theory is nothing more than printing money to finance government deficits…allowing governments to go on an unlimited spend-a-thon.
Of course, we’ll be told this officially counterfeited money will be spent responsibly. The chaos we see unfolding in our time is exactly what God has told us in His Word will happen in the “end times”. Jesus said, “See, I have told you beforehand.” Matthew 24:25
Much of this post was taken from the article; “A Glimpse into the Future… It’s nor pretty” 10th July, 2019 by Vern Gowdie editor of The Rum Rebellion.
The scientific studies on the hazards of 5G overwhelmingly demonstrate that it is dangerous to our health, extremely dangerous. With respect to the topic of the headline of this post, the relevant part starts at 14:15 speaking about 5G tracking and identifying you in the most dystopian form.
Will this be the means by which the Antichrist will detect recalcitrant Christians who refuse to take the mark and worship his image?
“The second beast was empowered to give life to the image of the first beast so that it could speak, and could cause all those who did not worship the image of the beast to be killed. He also caused everyone (small and great, rich and poor, free and slave) to obtain a mark on their right hand or on their forehead. Thus no one was allowed to buy or sell things unless he bore the mark of the beast—that is, his name or his number.” (Rev 13:15–17)
According to a story published in The Wall Street Journal (“India’s Biometric Feat: Big Boon or Big Brother” by Newly Purnell, Dec. 22, 2018), the nation of India has implemented an electronic data system which can control access to goods and services for India’s 1.3 billion people.
Does this sound like the basis of a system where “No man may buy or sell, except he who has the mark,” (Rev. 13:17) ?
In 2010, India set out to develop a system that would provide national identification numbers to allow citizens to have access to government welfare. Many Indians are illiterate and are so poor that they have no electricity. So, to reach people living in primitive conditions, the Indian government turned to the rapidly developing science of biometrics. Using eye scanners for iris patterns and fingerprint readers, even the poorest and least educated can now be read into the most sophisticated data system in the world.
The system is named “Aadhaar,” a Hindu word meaning “Foundation.” True to its name, other uses beyond the intended welfare payment controls are being built on the “Foundation.” Aadhaar 12-digit personal ID numbers are now required to open a bank account or obtain medical treatment. In many cases, the number is now required for school enrolment, train tickets, telephone purchases and even admission to sporting events.
The Foundation has indeed been put in place for total government surveillance and economic control as described in Revelation 13:17.
Let us not be fearful but instead remind ourselves that we live in the greatest revival in history, when millions and millions of people are being added to the kingdom of God. Our prayers must also be focused on the great harvest.
But we must also be aware that before Christ returns, the Antichrist will come. He introduces the “Mark of the Beast”, probably a chip in the right hand or forehead. The chip is already being used by governments, companies and institutions and considering what India has already set up with Aadhaar, it will be a simple step to insist everyone takes the chip.
We are in the last days so let’s be sure we are in the centre of God’s will for us at this time.
At one time, the notion that the general population would be microchipped someday was a “conspiracy theory”, but now the mainstream media is coming right out and telling us that we will all get chipped. It is almost as if they are trying to mentally condition us to accept what is coming. Of course it is being portrayed as “cool” and “trendy,” and a lot of people will be fooled by that.
Last month, USA Today published an article entitled “You will get chipped — eventually.” The following is a short excerpt… You will get chipped. It’s just a matter of time. In the aftermath of a Wisconsin firm embedding microchips in employees last week to ditch company badges and corporate log-ons, the Internet has entered into full-throated debate.
Obviously societal attitudes are changing, and a professor interviewed by USA Todayis quite confident that it “will happen to everybody.”
“It will happen to everybody,” says Noelle Chesley, 49, associate professor of sociology at the University of Wisconsin-Milwaukee. “But not this year, and not in 2018. Maybe not my generation, but certainly that of my kids.”
Initially, implantable microchips will be touted as the wave of the future. We will be told that they will make our lives so much easier and more convenient, and the USA Today article made a big deal of that: This would go beyond paying with your smartphone. Instead, chipped customers would simply wave their hands in lieu of Apple Pay and other mobile-payment systems. The benefits don’t stop there. In the future, consumers could zip through airport scanners sans passport or driver’s license; open doors; start cars and operate home automation systems. All of it, if the technology pans out, with the simple wave of a hand.
The process of implanting the self-installed RFID (radio frequency identification) and NFC (near-field communication) transponders takes just a few seconds.
In Sweden, BioHax says nearly 3,000 customers have had its chip embedded to do many things, including ride the national rail system without having to show the conductor a ticket.
In the U.S., Dangerous Things, a Seattle-based firm, says it has sold “tens of thousands” of chips to consumers via its website. The chip and installation cost about $200.
After years of being a subculture, “the time is now” for chips to be more commonly used, says Amal Graafstra, founder of Dangerous Things. “We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos do now.”
For a long time, I have warned the “mark of the beast” was coming with previous posts. It amazes me how quickly acceptance of the microchip is becoming mainstream with some people are already willingly microchipping themselves. I hope this drives you to open your Bible, to look at the many end times prophecies which are unfolding in our time.
If you start looking into this movement, you will quickly discover that the word “transhuman” literally means “beyond human”. Transhumanists believe that it is time for humanity to take control of our own evolution. By editing our DNA and merging with technology, they believe that “post-humans” can become far superior to the humans of today.
The aims of the transhumanist movement are summed up by Mark O’Connell in his book To Be a Machine, which last week won the Wellcome Book prize. “It is their belief that we can and should eradicate ageing as a cause of death; that we can and should use technology to augment our bodies and our minds;that we can and should merge with machines, remaking ourselves, finally, in the image of our own higher ideals.”
We are fast approaching the wickedness of the days of Noah which brought God’s catastrophic judgement. Jesus said in the “last days” before His second coming it would be like the days of Noah.
In the past, many authors had raised the possibility of tyrannical governments forcibly micro-chipping their own populations someday (Revelation 13:16-17 Mark of the Beast), but what if most of humanity actually embraces this new technology enthusiastically? Today, thousands of people in Sweden are eagerly having microchips inserted into their own hands, and it is rapidly becoming a natural part of society. Even in the United States, at one time there was great resistance to the idea of microchipping our pets, but now it is almost universally accepted. Personal microchips are being promoted as a way to make routine tasks faster, easier and more convenient, and Swedish “biohackers” are quite thrilled to be on the cutting edge of this new trend… It will be easy for governments to make a microchip inserted in the right hand compulsory.
The idea of technologically enhancing our bodies is not new. But the extent to which transhumanists take the concept is. In future, we might use implants to augment our senses so we can detect infrared or ultraviolet radiation directly or boost our cognitive processes by connecting ourselves to memory chips. Ultimately, by merging man and machine, science will produce humans who have vastly increased intelligence, strength, and lifespans; a near embodiment of gods.
Cryptocurrencies and electronic transactions will dominate the future. And many believe the technology behind Bitcoin will be the reason that happens. So what is this technology? It’s called blockchain, and many believe it’s the future of financial transactions. What is blockchain? In simple terms, blockchain is a growing online record. Here’s a simplified example. Let’s say Citizen A agrees to buy a product from Citizen B using Bitcoin. When he does, the blockchain records the transfer of the Bitcoin from Citizen A to Citizen B. When Citizen B eventually buys something using the Bitcoin, his transaction is added to the existing record. This goes on and on forever, generating a record of every transaction in the life of a specific Bitcoin. If this is all blockchain did, it wouldn’t be revolutionary. But a second component makes blockchain groundbreaking.
Unlike other electronic transactions, blockchain records are public. They don’t exist in a centralised location such as a commercial bank or the U.S. Federal Reserve. Instead, they’re stored over a large decentralised network. This means blockchain records are on computers all over the world.
And this makes cryptocurrency counterfeiting almost impossible since altering any past records requires widespread collusion across the entire network.
This is the main reason so many people are excited about Bitcoin. They believe the public records make it less susceptible to fraud and theft. But that’s not the only benefit. They point to others as well. One of Bitcoin’s benefits is its limited supply. Unlike many government-backed currencies, Bitcoin features a fixed number of coins.
So a central bank can’t print more Bitcoins and destroy their value. Many also believe Bitcoin offers a greater level of privacy protection and anonymity. Why? Because even though blockchain records are public, each transaction is tied to an online address rather than any information related to a person’s identity.
Because of these benefits, many people believe Bitcoin (or perhaps some other cryptocurrency) will become the money of the future. Is this realistic? Yes. I think so. First, the decentralised nature of blockchain records make their transactions more secure.
And as more and more business is conducted online, people will demand greater levels of security. Second, all paper money will soon be obsolete. And when that happens, cryptocurrencies will be the most efficient and convenient alternative.
Whether it’s blockchain-backed cryptocurrencies or some other form of electronic currency, paper money will soon disappear. It won’t just fall out of favour due to inconvenience. Outside of museum showcases, it will disappear forever. How can I be so sure? Because counterfeiting will soon be impossible to prevent. Advanced technology makes it certain.
New technologies will soon lead to desktop printing of 3D objects where every molecule is perfectly positioned. With such technologies, we can’t stop counterfeiters. They’ll flood the world with perfect copies of every national currency.
No one will be able to tell the difference between a fake dollar bill and a real dollar bill. And when that happens, both will be worthless. World governments won’t have a choice. They’ll quickly do away with all physical currency, and all economic transactions will go electronic.
Because of the benefits mentioned earlier – security, supply stability, and privacy – the use of non-government-issued cryptocurrencies such as Bitcoin will become more widespread. But do cryptocurrencies really provide the promised benefits? While many insist they do, I believe history proves otherwise.
Bitcoin and Global Government
Government, with its massive resources, can identify every Bitcoin user. And since Bitcoin transactions use blockchain, which is an open and public record, governments can track and follow every Bitcoin transaction in the world.
In a world where paper money no longer exists, that last sentence should grab your attention. Why? Because the Bible described such a system nearly two thousand years ago.
The Coming Global Economic System
Long ago, the Book of Revelation foretold the establishment of an end time economic system eerily similar to a world dominated by cryptocurrencies. The Bible says a time will come when a global dictator will require everyone on earth to receive a mark on the right hand or the forehead (Revelation 13:16).
Without this mark, the people of the world won’t be able to buy or sell anything (Revelation 13:17). How will this work? It remains to be seen. But the rise of cryptocurrencies provides us with a glimpse as to how it might function.
Cryptocurrencies require all transaction records exist in the public domain. While names and other identifiable information won’t necessarily be part of the public record, governments have the resources to unmask those identities.
This will especially be true of the Antichrist’s global government, which will have power over all the people on the face of the earth (Revelation 13:7). Hacking cryptocurrencies will be easy for such a government.
With cryptocurrencies and ecommerce, mark of the beast technology is already here. In order to control who can buy and who can sell, the Antichrist will need a system capable of tracking every transaction on earth. Cryptocurrencies and public blockchain records provide such a system.
So what does all this mean? It means we’re fast approaching a time the prophets warned about. The end times are near. The tribulation, the Antichrist, and global government are all near. But that also means something else. It means the return of Jesus is also near. So have no fear, Jesus is coming (Revelation 22:20)!
It might sound like something from a dystopian science fiction fantasy but you could soon be able to pay for goods and services with a microchip that is embedded in your hand, according to Etisalat (UAE telecoms giant) officials.
It does sound like a prophecy from the Bible “And he (Antichrist) causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads.” Revelation 13:16
Etisalat unveiled new injectable microchips, which store all your credit card, ID and business card data inside, for the first time at the Middle East at 2016 GITEX Technology Expo in Dubai.
The technique is called bio-hacking, where an alien device is embedded on the back of the hand between the thumb and forefinger using a special syringe, medical tattoo artist Hazim Naori told 7DAYS.
“We clean the skin with sanitiser and after this we put the marks exactly where we want to pierce it,” he said.
“We insert the needle under the skin with a part of the need that pushes it in, and that’s where it settles and it needs a week or two to heal.”
Naori performed the implant for the first time on October 7 on George Held, from Etisalat’s Innovation team.
Speaking about the implantation, he said: “It’s like a piercing, it doesn’t hurt, but it feels a bit uncomfortable for the first day. The bio-hacking improves and enhances your body and will be not just a wearable device, but a device within yourself. You cannot replace or lose it, if you have an accident it’s still with you.”
Held warned, though, that before it can be commercially launched, decisions need to be made on what role it will play in society.
“There is no legality issue here. We already have agreements with Emirates ID and Visa and we issue a credit card with it through Etisalat, we have rights to issue those,” Held explained to 7DAYS.
He revealed that final costs for the procedure are not confirmed yet but it is expected to cost Dhs500 ($100) for both the injection and the gadget itself.
Asked if the information stored on the chip could be hacked with the right equipment, Naori said using the card would still require the necessary authentications.
“We have to internationally agree on the system and this is eventually going to happen, let’s be honest,” said Naori.
“Thirty to 40 years ago there were no (bank) cards and now I have a card with all my ID and sim card on it and put it in the machine without showing anyone my passport.
“It’s an electronic smart gate. It’s the same thing, instead of having the card you just have it under your skin and it verifies you.”
This is just another one of the many prophecies about JESUS SECOND COMING that is being fulfilled in our day. Are we ready for Jesus return? What is He asking you to do today? Jesus said, “My sheep hear my voice.” Do you spend time each day in His word so you can hear His voice? There are more prophecies about Jesus second coming than there were about His first coming. The Sadducees and Pharisees missed His first coming. Is the church preparing for His second coming?