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The Dow Falls Another 138 Points As Geopolitical Shaking Forces Investors To Race For The Exits

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Stock prices just keep on falling, and many analysts are now wondering if a full-blown stock market crash is in our near future.  On Thursday, the S&P 500 and the Dow both closed at 2 month lows after Donald Trump dropped “the mother of all bombs” in Afghanistan.  It was the first time that one of these bombs has ever been used in live combat, and it is being reported that each of these bombs weighs 22,000 pounds and costs 16 million dollars to make.  Of course Trump was trying to send a very clear message to the rest of the world by dropping this bomb, and investors interpreted it as a sign that we are getting even closer to war.

The financial markets will be closed on Friday for the long holiday weekend, and with so much uncertainty about what may happen in Syria and in North Korea, many investors wanted to get their money out of the market while they still could.  The historic losing streak for S&P 500 tech stocks extended to 10 days in a row on Thursday, and all of the major stock indexes are now below their 50 day moving averages for the first time since the election.

And the VIX closed above 16 to close the week, which many analysts saw as a sign that more market volatility is on the way

The fear index on Thursday hit 16.22, its highest since Nov. 10, after closing above its 200-day moving average on Monday for the first time since Nov. 8.

“The VIX confirmed a breakout above its 200-day moving average [Tuesday], supporting a pickup in volatility in the days ahead,” BTIG’s chief technical strategist, Katie Stockton, said in a Wednesday note.

On Tuesday, I wrote about how geopolitical instability is causing many investors to seek out safe havens such as gold and silver, and that trend continued on Thursday.  As I write this, the price of gold is sitting at $1289.20, and the price of silver is up to $18.50.  Of course if the French election goes badly for the globalists or we see a full-blown shooting war erupt in either Syria or North Korea, those prices will go far, far higher.

For quite a while I have been very strongly warning that these ridiculously inflated stock prices were not sustainable.  It was inevitable that they would start to decline, because the underlying economic numbers simply did not support them.

And just today we got some more bad news.  According to Zero Hedge, the mortgage business at one of America’s biggest banks has been absolutely crashing…

When we reported Wells Fargo’s Q4 earnings back in January, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because “as a result of rising rates, Wells’ residential mortgage applications and pipelines both tumbled, specifically in Q4 Wells’ mortgage applications plunged by $25bn from the prior quarter to $75bn, while the mortgage origination pipeline plunged by nearly half to just $30 billion, and just shy of all time lows recorded in late 2013 and 2014.”

Fast forward one quarter when what was already a troubling situation, just got as bad as it has been since the financial crisis for America’s largest mortgage lender, because buried deep in its presentation accompanying otherwise unremarkable Q1 results (EPS small beat, revenue small miss), Wells just reported that its ‘bread and butter’ is virtually gone, and in Q1 the amount of all-important Mortgage Applications has tumbled by a whopping 23% to just $59 billion, below the lows hit in early 2014, and at fresh lows since the financial crisis.

Unfortunately, what is going on at Wells Fargo is just part of an enormous “loan collapse” that we are witnessing all over the nation.

This is exactly what we would expect to see if a new recession was beginning.  When economic conditions show down, banks and other lending institutions begin to get tighter with their money, and a tightening of credit causes economic activity to slow down even further.

It can be exceedingly difficult to break out of such a cycle once it starts.

But the mainstream media doesn’t seem to understand these things.  Instead, they are pointing the blame at other sources for the emerging economic slowdown.  For example, consider the following excerpt from a CNN article entitled “Americans have become lazy and it’s hurting the economy”

Americans have become lazy, argues economist Tyler Cowen.

They don’t start businesses as much as they once did. They don’t move as often as they used to. And they live in neighborhoods that are about as segregated as they were in the 1960s.

All of this is causing the U.S. to stagnate economically and politically, Cowen says in his new book: “The Complacent Class: The Self-Defeating Quest for the American Dream.” Growth is far slower than it was in the 1960s, 70s and 80s and productivity growth is way down, despite everyone claiming they are working so hard.

No, our economic problems are not the result of Americans being too lazy.

Rather, the truth is that we have accumulated way too much debt as a society, we have been way too greedy, and there has been way too much manipulation by the Federal Reserve and other central banks.

For decades we have been living way above our means.  We have been able to do this by stealing trillions upon trillions of dollars from future generations of Americans, and now a day of reckoning is rapidly approaching.

Unfortunately for Donald Trump, he just happens to be the president at this moment in history, and so much of the blame for what is about to happen will be pinned on him.  The following comes from a recent interview with Peter Schiff

Trump doesn’t want to preside over a major decline in our standard of living, but ultimately that has to happen. Because this is the consequence of all this excess consumption that went on before he was president. You know, we sacrificed our future to indulge our past. The future is now the present. We’re here, and it’s time to pay the piper.

Schiff is precisely correct.

For decades we have just kept sacrificing the future in order to inflate our current standard of living.

But the funny thing about the future is that it always arrives at some point, and now we are going to pay an enormously high price for being so exceedingly reckless all these years.

 
  • Bill

    The only way for Trump to save face over the economic catastrophe ahead is to be the tuff guy militarily.

    • Guest

      I just read on Zero Hedge that Trump may send up to 50,000 ground troops into Syria. You think war with Russia is a possibility?

      • Spatial Memory

        Maybe not if he sends peacekeepers 🙂

        • Guest

          Uh, sure. You just keep on believin’ that.

      • Liberty First

        That would be stupid beyond belief.

        • GoldenGirl

          Washington seems to have a particularly high concentration of stupidity.

      • David

        yea,, I think it is. As long as our Dimwits of the likes of Mcain & Graham keep pounding the Drums of war and Demand regime change in Syria then yes we will go to war with Russia Guaranteed!

      • alan

        I think it could “wipe out” the debt problem.

        • socalbeachdude

          Obviously not and it would just make the federal government debt even worse than it is now.

      • socalbeachdude

        False. That has been totally ruled out.

      • socalbeachdude

        Trump Allegedly Arguing Against NeoCon Plan For Land Invasion Of Syria – Troops Said Massing

        http://www.dcclothesline.com/2017/04/10/trump-pushes-back-against-neo-con-plan-to-invade-syria/

    • Paul Anders

      These conditions were in place way before he became president. He’s just cleaning up the Obummer mess he inherited…

      • socalbeachdude

        No, Donald Trump is making the mess VASTLY WORSE than it even was with Obama.

        • Paul Anders

          yeah, how?

          • socalbeachdude

            In every respect. What is any better?

    • Spatial Memory

      May be impossible to save face over “the economic catastropy”- recent currency comments likely ” won’t reduce” liquidity trap risks. Incredible misstep. Jmho

    • socalbeachdude

      How does ILLEGAL WARMONGERING “save face?”

  • FirstGarden

    “And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
    – Thomas Jefferson

    • socalbeachdude

      That is absolutely HILARIOUS, especially coming from that PROFLIGATE DEBTOR DEADBEAT THOMAS JEFFERSON who died with $107,000 in personal debts and the value of his plantation, Monticello, was only $4,500 to offset that. That $107,000 debt of Jefferson’s was a MINDBOGGLING SUM in his day and proved QED how financially stupid and reckless Jefferson was.

      “Because Jefferson died more than $107,000 in debt, his daughter Martha Jefferson Randolph and her son and financial manager, Thomas Jefferson Randolph, found it necessary first to sell nearly all of the contents of Monticello and then to sell the plantation itself. In 1827, the furniture, animals, farm equipment, and slaves were offered at an executor’s sale. In 1831, James T. Barclay, a local apothecary, purchased the home and 552 acres for $4,500, less the value of his own home.”

      http://www.monticello.org/site/house-and-gardens/monticello-house-faq

      • FirstGarden

        Is it a case of, “Do as I say, not as I do”?
        Good history there.
        Thanks. 🙂

      • FirstGarden

        “We preach best what we need to learn most.”
        – Martin Luther’s mentor

  • FirstGarden

    It will always be, “He’s just crying wolf again”,
    Until the wolf appears.

    • anonymous

      In the story of the boy who cried wolf, do we have it all wrong? Should we be applauding the boy because he brought awareness of a possible wolf attack, giving the townsfolk enough time to prepare for the real thing?

      • FirstGarden

        I think you over-read into my post. (?)
        But yes, I agree. You are correct on that point.

        • anonymous

          If I over-read into your post, what was the point you were trying to make?

    • K2

      Wolf will appear many years from now…not now.

      • FirstGarden

        Why grandma, what big teeth you have!

        • jaxon64

          How’s this possible can-kicking work for ya.
          By Thursday of next week, the re-written “Obamacare light” will be pushed out…when it passes it will “save” up to 1 trillion dollars in expected CBO losses and the Repubes are gonna reduce Corporate Tax rates to 20%–this will spur the market to new highs.
          Also within the next month, an “amnesty” of sorts will be given to American businesses with accounts or headquartered overseas–the deal is that they will have a small window to re-patriate their business at a 10% tax but if they fail to agree, then their import taxes will jump significantly.
          This could also be a flood of off-shore capital into American banks and stocks…There is much more going on behind the scenes than the avg Joe hears about. You didn’t really believe that multi-billionaires had no plan C did you?

          • jaxon64

            PS: ultimately, these measures won’t FIX anything but they could allow for the can to be kicked forward another 7 to 8 years.

          • socalbeachdude

            Nope.

          • socalbeachdude

            None of that is going to happen.

          • FirstGarden

            Funny, the can on the road. More like a snowball that gets bigger & bigger each time. When men depart from reason, they then seeking meaning in the realm of non-reason. Quite existential. But when grandma takes of her wig, it’s gonna be a very awakening.

        • K2

          i am gonna hit y*u with my handbag.

      • socalbeachdude

        It’s already appearing and has been since 2007.

        • K2

          What is happening?

  • Liberty First

    “They don’t start businesses as much as they once did” – What a filthy, lying, sack of horsefeathers! Why is this the case? Overregulation. Overtaxation. Obamacare. Economic uncertainty.

    Seriously, what a freak.

    • Guest

      Agreed.

  • David

    For the Majority of us living paycheck to paycheck and barely getting by our standard of living won’t change that much as we already are not far from hitting Bottom already. But to those whom are Investors & Speculators with Large Portfolio’s that are living lavishly, new cars, boats, lots of disposible income ect…. you are in for a very rude awakening when the Markets correct by 80%. there won’t be enough Kleenex in the world to dry your tears!

    • Son of a sailor

      If you can’t beat em, join em

      • K2

        Good point, instead of endlessly worrying that it will fall (even if it has been rising since the last 5 years) why dont people earn some money from the market.

        • Son of a sailor

          It’s a monopoly game. The money is fake. It’s controlled by those with money. Only an idiot would say not for me. You can play monopoly indefinitely. The “poor” refuse to play the system. They are just as poor in 50 years. Get a life people. The rich keep getting richer because they keep doing the things that make them rich. Same for the poor who stand on the corner yelling that the system is collapsing. Out of jelousy, hoping it does. Haters

        • socalbeachdude

          RISK OF LOSSES. Obviously. Helllooo?

          • K2

            Not if you put an eye on the market everyday (if not every second).

    • K2

      markets wont correct by 80%. They wont fall that much.

  • Cinderella Man

    Whoopee do stocks go up stocks go down. Its like an ocean wave. As long as I don’t see any tsunami waves in the horizon so I could care less. I have no money in the market sooo… Anyway what about that MOAB? Just read you can see the mushoom cloud from 20 miles away. A great day when you can smash some enemies. Love Mad Dog love Trump. Now that will put some fear in the enemies of the free world’s hearts.

    • Guest

      “A great day when you can smash some enemies.”

      The dropping of MOAB in Afghanistan is just another war crime on the part of the U.S. The U.S. illegally invaded Afghanistan shortly after 9/11 based on LIES. The stated reasons for the invasion were to get rid of Al-Qaeda and to remove the Taliban from power. Yet, years after 9/11, officials in the Bush administration stated that Al-Qaeda was not connected with the events of 9/11. And after over 15 years in Afghanistan the U.S. has been unable to defeat the Taliban!

      • Guest

        Hi Carrie

        • Guest

          No, I’m not Carrie.

      • socalbeachdude

        100% correct.

  • Mondobeyondo

    If I were a betting man, I’d say there is a 98% chance of a major war within the next 5 years. Quite possibly much, much sooner than that.

    One thing is almost guaranteed though, the U.S. will not be the same country 5 years from now that it is today. It will be broken financially, and very likely physically too. Especially if a nuke war breaks out.

    • socalbeachdude

      Yep, and the US government is already totally insolvent.

      • Spatial Memory

        YIKES!!! That may be a VERY serious rumor to originated there!!!

        Totally insolvent= balance sheet insolvent + cash flow insolvent in homeschooling curriculum? Rotflmao

        • socalbeachdude

          Your ignorance as to account is legend!

      • K2

        The govt has trillions in assets to back it up.

        • socalbeachdude

          The total assets of the US government only add up to less than $4 trillion whereas the outstanding US government debt adds up to nearly $20 trillion which makes the US Treasury far beyond TOTALLY INSOLVENT on any basis of accounting standards.

          • K2

            Simple, mint a 20 trillion coin and pay off the debt.

      • Lennie Pike

        But Russia’s Goverment is nowhere near insolvent and neither is China’s. The reason? All U.S. gold repositories are empty and their’s are brimming. “Ours” were emptied by the criminal gang that controls the U.S. – see Donald Trump.

        The world will have a choice – a sound world reserve currency controlled (by definition) honestly, or a total fraud that has reached the point of being an instrument of theft and controlled (as always ofcourse – by thieves). Uuuuuuuuuuuh, I wonder which currency the world will choose? Or will they have a cashless one shoved down their throats (if still alive) by the U.S. Military – which incidentally is controlled by the same criminals.

        I bet my Treasure Of The Sierra Madre John Huston gold dance puts yours to shame. Nice vacation?

        • socalbeachdude

          China’s government is the MOST INSOLVENT GOVERNMENT in the entire world and is the most egregious money printer and credit creator that the world has ever seen.

          The US gold government gold depositories have around 8,200 metric tonnes of gold, but that is only valued by the US government at a piddly little $11 billion based on the official US government gold price of $42.22 per ounce. Even at a spot price valuation of $1290 an ounce that 8,200 metric tonnes of gold is only worth about $350 billion which is about enough to pay for 3 months of the current federal government deficit. Are you somehow not aware as to that fact?

          The current US Treasury monthly report on its gold holdings is at:

          http://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm

          Gold has NOTHING WHATSOEVER to do with currencies and the total value of all of the 180,000 metric tonnes of gold ever mined in the history of the world is less than $7 trillion with about 70% of that held in the form of JEWELRY widely dispersed among the 7.5 billion people in the world.

          The US dollar is by far the most important and most used currency in the world account for more than 83% of all global transactions and will remain the dominant currency in the world for the foreseeable future.

          • Lennie Pike

            True – China’s government is insolvent (who’s isn’t?) PRE-backing their NEW currency with gold or using new technology to physically place physical gold into that NEW currency. That technology is available to any country (INCLUDING RUSSIA) or private entity except for the U.S. for the obvious reason that it has no gold – it has all been stolen by the criminals at the federal reserve and sold to China and Russia to supress the price of gold so that people will keep faith, and to buy enough time for the mighty U.S. military to eliminate the competition – then “they” will go cashless – IF “they” are successful – just like they were with Moamar Ghadaffi and for the same reason. What a beloved leader he was – not to mention a cool dude and a snazzy dresser – I will miss him.

            Some of what you claimed is true – FOR NOW, but soon, very soon – that will change. The evidence is all around you. For you (and most) it’s kinda like a Big W I reckon.

          • Lennie Pike

            Oh yeah, afterward, the price of gold will be a little different.

            The word irrelevant comes to me every time I read one of your posts.

    • Cinderella Man

      Absolutely Mondo. The collapse never went away. Its matured. 5 years from now is going to be a different world for sure. Civil War 2 is what I’m more concerned with though.

      • K2

        No civil war will happen. These kind of societal disturbances are mostly done by paid supporters, not people genuinely fighting for a cause.

    • K2

      rest of the world too. Atleast US has a reserce currency, rest dont.

      But not five years, its by 2025. Until then the US and the world have a few more tricks to keep the economy going.

      And no there will not be a world war 3. There are tons of people in both american, russian and in chinese govt that are precisely working to keep these countries from attacking each other.

  • Mondobeyondo

    I can envision Trump getting the next MOAB ready… getting out the Turtle Wax and WD-40. Happy Easter, Kim Jong Un.

    • socalbeachdude

      Huh?

    • anonymous

      Hahaha. Yeah. I don’t get why they polish it. Seems a little excessive. To worship something that kills people, a little sick don’t you think?

    • socalbeachdude

      How the Mother of All Bombs kills people: Vaporized bodies, crushed internal organs and suffocated to death… while anyone who survives is left psychologically scarred for life

      The GBU-43, otherwise known as the Mother of All Bombs, or MOAB unleashes a devastating fireball that incinerates anything within 300 feet when it first detonates. In the milliseconds following the initial blast in Afghanistan, all the oxygen would have been sucked out of the tunnels and for hundreds of feet around, literally sucking the life out of terrorists, suffocating them as their lungs imploded. Then, in a flash the fiery shockwave would have blasted outwards at the speed of sound for up to a mile, causing huge concussive injuries to anyone caught in its path, leveling buildings and trees.

      http://www.dailymail.co.uk/news/article-4410796/How-Mother-Bombs-kills-people-MOAB-s-effect.html

      • Mondobeyondo

        Sounds like… um, a nice way to go…

      • Lennie Pike

        I’ll take the sarin gas since I have a choice.

  • Son of a sailor

    Talking about stocks falling while they fall is easy. Real quiet while they climb. Stocks have been up and down since the beginning of trading. Big deal. Long term investors like myself will be winners. Historically speaking

    • socalbeachdude

      Nothing this time around unless your time horizon is out over about the next 30 to 50 years!

    • K2

      exactly.

  • Cinderella Man

    The Trump rally was based on tax reform and Obamacare repeal. Repeal. Period. The democrats are ouright traitors enemy of all patriotic conservative Christian depolorable awesome people. I think about 40 to 50 million of us real ones left. The bandwagon deplorables are all upset about this new Mad Dog being let off the leash! Semper Fi! Now the enemies abroad are getting the message.. This is when you have old school 80s New York badazz in the WH. I love it. Now The domestic enemies ISIS but an even greater threat. MS13 if you haven’t been living under a rock or have never seen Breaking Bad is working for the powerful Mexican mafia cartels. They use the soldiers of the MS13 army to do their killing and rampaging. Their signature killings were all over the brutal beating of four young men ranging in ages of 16 and 18 to 20. They brutally beat these boys and hacked them up with Machetes. Two teenage girls were found in September of last year in the same area. Its their dumping grounds. Wake up this is what they think of your country. Twelve were arrested ten here illegally. Its an invasion. And until we get the wall built we deplorables police military are on our own. We have to stand and defend America. The election was war. Actual war. And we will fight to keep it! Goodnight!! HE WILL NOT BE IMPEACHED BY BULLET OR BALLOT

    • socalbeachdude

      You will get HIGHER TAXES as that is the only way the federal government can be brought under control even if spending is cut, and just repealing ObamaScare solves absolutely nothing as more than 77 million of the 325 million Americans are presently on Medicaid which was expanded vastly under the ObamaScare catastrophe.

      • jakartaman

        NO

        • socalbeachdude

          What I stated is, of course, 100% correct whether you happen to like it or not.

    • SnodtBlossom

      Impeach President PigBastard T.Rump!!!

  • JOE

    We elected TRUMP, but it’s sure more & more looking like we got JEB BUSH in the end anyway…..hope I’m wrong.

    • socalbeachdude

      It certainly is and is absolute APPALLING what is going on.

      • Spatial Memory

        If you’re referring to your THOUSANDS of NONSENSICAL copy and paste links and HORRENDOUSLY INACCURATE price predictions and HUNDREDS of anti USA and anti POTUS comments then you’re finally ABSOLUTELY CORRECT– APPALLING. Surprising your antics are permitted on this forum.

        • socalbeachdude

          The PLUNGE RAPIDLY ACCELERATED with substantial stock dumping at the close from the snapshot above which I took on MarketWatch at 1:01 pm and the final numbers settled as follows:

          Dow 20,453.25 -138.61 -0.67%
          S&P 500 2,328.95 -15.98 -0.68%
          Nasdaq 5,805.15 -31.01 -0.53%
          GlobalDow 2,649.00 -18.74 -0.70%

          http://www.MarketWatch.com

          • Spatial Memory

            DJIA was down ~125 (0.6%) by 12:45 PM and declined on ~ 13 points (0.07%) additional by the close to down 138.61. RAPIDLY ACCELERATED???

            0.67% aggregate. ROFL

          • socalbeachdude

            The TREND IS YOUR FRIEND!

        • anonymous

          It’s free speech. Frankly I’m glad he is allowed on here. Speaks of Michael’s respect for our first amendment right. It used to bother me too, you could just block the person.

          • Spatial Memory

            I MUST admit I enjoy the EXCELLENT COMEDY watching capital markets ABSOLUTELY DECIMATE his ludicrous market predictions. As for free/protected speech, I NEVER draw any final conclusions of law but IMHO plenty of those wilful intentional INACCURACIES may (like yelling fire in crowded theater) cause ‘panic’. Many comments also seem slanderous, defamatory or libelous. Others seem to intentionally mislead and or omit material facts while incorporate in by references – and links to regulatory websites- CERTAINLY SEC and FINRA, not limited to have rules regulations and statutes regarding such activities- even by ‘private citizens’.

            More recent anti USA and anti POTUS may even be viewed as hate speech IMHO but as stated above I NEVER draw any final conclusion(s) of law…

            As well, I NEVER provide legal, tax, economic and/or investment advice or services whatsoever and here just for the comedy, entertainment and laughs.

            Jmho

          • socalbeachdude

            What an utterly absurd and totally bogus and absolutely FALSE set of moronic and imbecilic assertions! But what else would we expect from YOU?

            So tremendously sorry for your ongoing – and soon be very extreme losses – in the US equities markets! You were warned well in advance, so pulease don’t ever say “WHAT HAPPENED?”

          • Spatial Memory

            Huh? 🙂

    • Lennie Pike

      One gang controls everything. It will soon dawn on everyone who thought they’d be getting their country back and their U.S Constitution honored by “their” goverment, that pitchforks and torches like JFK alluded to is now the only way.

  • GSOB

    Moab and Ammon were born to Lot and Lot’s elder and younger daughters, respectively, ……….in the aftermath of the destruction of Sodom and Gomorrah.

    The Bible refers to both the Moabites and Ammonites as Lot’s sons,
    born of incest with his daughters ……….

    Genesis 19:37-38

    • socalbeachdude

      And just what does that have to do with stock prices?

      • GSOB

        Like you, I post what I want, when I want…. but what I post is more weightier, for it spurs on to the Bible.

        • socalbeachdude

          What you post often has nothing whatsoever to do with the topic at hand.

      • Spatial Memory

        Stock prices discount in empirical and anecdotal data – maybe even randomness like
        socalbeachdude JC Teecher 19 hours ago
        Bashir al-Assad 8si not a dictator at all and both he and his lovely wife Asma are wonderful folks doing all they can to improve life inside Syria which has been under attack for more than 7 years by TERRORISTS backed by the US, UK, and Israel and funded and supplied with weapons by Qatar and Saudi Arabia
        And
        socalbeachdude Priszilla 19 hours ago
        Who needs to be drafted first are the SONS AND DAUGHTERS OF THE WARMONGERING NEOCONS who have apparently entirely taken over the Trump Administration and who have now committed even more heinous war crimes yet again today.

        • socalbeachdude

          Huh?

    • anonymous

      Aren’t we all born of incest if we come from Adam and Eve?

      • Carl

        Your supposed to just ignore that part. As well as the part about how so many different ethnicities came to be from just 2 people.

        Not to mention where did all the people come from that were slaughtered to give the chosen people their promised land.

        Also don’t forget after the flood the re-population problems with that story also.

        • GSOB

          Acts 14:17
          Yet He has not left Himself without testimony to His goodness: He gives you rain from heaven and fruitful seasons, filling your hearts with food and gladness.”

          Job 12:23
          “He makes the nations great, then destroys them; He enlarges the nations, then leads them away.

          Psalm 74:17
          You have established all the boundaries of the earth; You have made summer and winter.

          Jeremiah 27:5
          “I have made the earth, the men and the beasts which are on the face of the earth by My great power and by My outstretched arm, and I will give it to the one who is pleasing in My sight.

          Hebrews 11:7
          By faith Noah, when warned about things not yet seen, in godly fear built an ark to save his family.
          By faith he condemned the world and became heir of the righteousness that comes by faith.

          Acts 17:26
          From one man He created all the nations throughout the whole earth.

          He decided beforehand when they should rise and fall, and He determined their boundaries.

          Acts 17:30-31
          Although God overlooked the ignorance of earlier times, He now commands all men everywhere to repent.

          For He has set a day when He will judge the world with justice by the Man He has appointed.

          He has given proof of this to all men by raising Him from the dead.”

          • Carl

            That has nothing to do with what I wrote. Don’t even get me started on Noah, his daughters and his son whom he cursed because he saw his father naked (or was there more to it than that).

          • GSOB

            Although God overlooked the ignorance of earlier times, He now commands all men everywhere to repent.

          • socalbeachdude

            Times are just as ignorant today as back then if not more so. Repent as to what?

          • Carl

            Seems like we got the short end of the stick then in regards to the people before JC came on the scene.

          • socalbeachdude

            Of what relevance is any of that?

        • anonymous

          My theory is that when God divided everyone during the Tower of Babble, different cultures and races evolved. That still doesn’t explain the initial startup before then, there must have been a bunch of inbreeding going on.

          • JC Teecher

            The different races were there from the beginning, because God created them that way…and it was good.
            All the races/different skin tones, were already created before the caucasian/Adamic race was created through Adam and his created (not birthed) wife Eve. No races of different skin types ever “evolved” through Adam and Eve, and they were definitely not brother and sister.
            Hebrew isn’t a race but was a distinct group of people with “fair/white” skin, that originated with the blood lineage of Adam and Eve.
            Judean isn’t a race, but was a distinct group of peoples, that were called that because of their Tribe sake, Judah, and/or, their geographical residence in and around that Judean region.

          • anonymous

            What? Where are you getting your info?

          • JC Teecher

            Directly from the Bible and the Holy Spirit, with a tad of archaeological science to align with.
            Where are you getting yours?

          • anonymous

            What I’m wondering is, why can’t GSOB answer my questions? Are you his mommy?

          • JC Teecher

            Definitely not his parent. No child of mine would follow the false doctrines of man, like the teachings that Revelation was fulfilled in 70 AD.
            The biggest flag up, that this teaching is a lie is that it is given as a future prophetic chain of events.

            Why, would God have a prophet like John, be taken into the last days of this age, write about them, if; they had already happened about 25 years earlier? It does not fit, so you must acquit. lol.
            GSOB is a strange bird. I had dealings with him many years ago, and his ego gets in the way of his ability to see and understand truth.
            He is on my block list because he is like a stuck record…with deep scratches. I can’t stand static, and the same ole broken record falsehoods.

      • GSOB

        No

        • anonymous

          What does death and sin have to do with procreation between brother and sister? Are you saying they had relations within the family but it wasn’t counted as sin until the law was given? And are you talking about Jewish Law or The Ten Commandments? Where in the Ten Commandments does it state, “thou shalt not know thy relatives.”?

  • Roger Smith

    Americans tend to be less “lazy” when they’re allowed to keep at least a portion of the wealth they create. Welcome to socialist utopian America, where those who produce get to have it confiscated through taxation, inflation and regulation compliance. I understand why the millennials don’t want to do much. There’s no point…..unless you enjoy running on a hamster wheel.

    • anonymous

      Exactly, even if you work for someone else, the social security collected now won’t be there by the time I retire. Sad, sad, sad. Hey, at least I don’t live in North Korea or any other war-torn country. America is a bully, even to it’s own people. But it’s not the worst country in the world to live in.

    • jaxon64

      Hey–those millennials better start busting butt!!! I have a pension and full 401k I expect them to Ponzi forward and I’ve been paying for SSI my whole career and if they don’t start elevating their game, they won’t be able to pay for my retirement!!
      PLUS– I need them to pay exorbitant rates for health care ( obamacare) they don’t need in their late teens and 20’s to subsidize my costs from aging issues and over-priced meds. The confiscatory, tax penalties for failure of coverage aren’t gonna be enough to even cover our annual colonoscopies and breast cancer exams…
      Get your snowflake butts out there and work second jobs so that the government can redistribute it to the aging boomers in one of the great Socialism programs you love so much…it is your DUTY–hail Che, Karl, Mao and all of your hero’s….

      Sarc off…………

  • socalbeachdude

    U.S. government posts $176 billion deficit in March

    The U.S. government had a $176 billion budget deficit in March as spending outstripped revenue, the Treasury Department said on Wednesday.

    The budget deficit was $108 billion in March 2016, according to Treasury’s monthly budget statement.

    The fiscal 2017 year-to-date deficit was $527 billion compared with $459 billion in the same period of fiscal 2016.

    When accounting for calendar adjustments, the deficit last month was $140 billion. The adjusted deficit for the fiscal year to date was $564 billion.

    Receipts last month totaled $217 billion, down 5 percent from March 2016, while outlays stood at $393 billion, an increase of 17 percent from the same month a year earlier.

    http://www.reuters.com/article/us-usa-economy-budget-idUSKBN17E2EV

  • socalbeachdude
  • socalbeachdude

    Dimon Warns ‘Something Is Wrong’ With the U.S.

    JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has two big pronouncements as the Trump administration starts reshaping the government: “The United States of America is truly an exceptional country,” and “it is clear that something is wrong.

    https://www.bloomberg.com/news/articles/2017-04-04/dimon-still-optimistic-warns-something-is-wrong-with-u-s

    Chairman and CEO letter to shareholders – JPMorgan Chase

    https://www.jpmorganchase.com/corporate/investor-relations/document/ar2016-ceolettershareholders.pdf

    • kfilly

      Let me think what is wrong with America. A criminal fascist government, criminals like Jamie Dimon and Lloyd Blankenstein running free, and a co-opted media spouting an anti-American narritive. I think I got my finger on the problem Jamie.

      • Lennie Pike

        Fascism is correct, and it is headed up by criminal gangsters ike Deimon and Blankfiend regardless of which party is in office – just like Mayer’s famous quote.

        For some reason not too any people know the meaning of the word fascism even though it’s right there in the dictionary. Up till now. – zero Wall St. lawbreakers prosecuted should be a clue that fascism is the form of government in the U.S.. They also have no idea of the immense size of this criminal gang that controls most of the world.

  • socalbeachdude

    Fed plans to shrink balance sheet this year, minutes show

    Some officials were worried about how high stock prices have gone

    The Federal Reserve is looking to reduce its $4.5 trillion stockpile of government- and mortgage-backed bonds later this year, according to minutes of the March policy meeting released Wednesday.

    The plan to reduce the balance sheet size is tied to interest rates increasing, the minutes reveal. In their discussion of the path of interest rates, officials supported a gradual pace of rate hikes but said they could change their mind if the economy unexpectedly heated up.

    http://www.marketwatch.com/story/fed-plans-to-shrink-balance-sheet-this-year-minutes-show-2017-04-05?mod=MW_story_latest_news

    Full Minutes of Federal Reserve March FOMC Meeting

    https://www.federalreserve.gov/newsevents/pressreleases/monetary20170405a.htm

  • socalbeachdude
  • socalbeachdude

    The Federal Reserve just said stocks may be overvalued and more often than not it is right

    Traders tend to scoff when a policymaker plays investor, often referencing when then-Federal Reserve Chairman Alan Greenspan made a very early “irrational exuberance” call in December 1996, more than three years before the top of the dot-com bull market.

    That skepticism was voiced again Wednesday when the Fed released its meeting minutes from March which read: “Broad U.S. equity price indexes increased over the intermeeting period, and some measures of valuations, such as price-to-earnings ratios, rose further above historical norms. … Some participants viewed equity prices as quite high relative to standard valuation measures.”

    But traders shouldn’t be so quick to dismiss these comments from Fed officials. History shows when worries about valuation appear in these official minutes, stocks often struggle in the following year.

    http://www.cnbc.com/2017/04/05/the-fed-just-said-stocks-may-be-overvalued-and-more-often-than-not-it-is-right.html

  • socalbeachdude

    Consumer credit accelerates again as credit-card debt tops $1 trillion

    http://www.marketwatch.com/story/consumer-credit-reaccelerates-in-february-2017-04-07?siteid=YAHOOB

  • socalbeachdude

    Total assets in the USA are currently somewhere between $100 trillion and $180 trillion with the most conservative estimate being around $92 trillion just in household assets alone.

    The total value of assets in the US far exceed the total debt of $67 trillion in the US. How long that will last is, of course, open to question and debate. The flip side of all debt is that it is held as an ASSET by its owner. Are you really unaware of that?

    Americans Wealthier Than Ever…

    U.S. household net worth climbed to a record $92.8 trillion in the fourth quarter of 2016, as the end-of-year surge in stocks and a steady climb in home prices added more than $2 trillion of wealth to household balance sheets.

    The biggest contributor to the increase was the stock market’s end-of-year rally, which added $728 billion to household net worth in the fourth quarter, according to the Federal Reserve’s quarterly financial accounts report.

    https://www.wsj.com/articles/u-s-household-net-worth-reaches-record-92-8-trillion-1489078918

  • socalbeachdude

    Fed Officials Say They May Need to Pick Up Pace of Rate Increases…

    https://www.wsj.com/articles/fed-officials-say-they-may-need-to-pick-up-pace-of-rate-increases-1490824801

  • socalbeachdude

    Trump’s Weaker Dollar Dream at Odds With Strong Economy Promise

    President Donald Trump has signaled his preference for a weaker dollar and low interest rates. He may end up with neither if the U.S. economy continues to recover and he delivers on his ambitious agenda of tax cuts and infrastructure spending.

    Trump indicated in an interview Wednesday that the U.S. currency is getting so strong that it’s harmful to the economy. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me,” he told the Wall Street Journal. “But that’s hurting — that will hurt ultimately.”

    The president also left open the possibility of renominating Janet Yellen as Federal Reserve chair for another term, adding he likes “a low interest-rate policy.” U.S. 10-year bond yields slumped and the dollar fell after his remarks were published. Her current term as chair expires in February.

    Trump might want to be careful with all that he wishes for. Evidence of a strengthening job market has prompted the Fed to raise rates twice since he was elected president in November.

    U.S. stocks have since rallied almost 10 percent and the dollar has held up on optimism that he’ll carry out a plan to cut taxes and boost spending on infrastructure. The bullish sentiment has recently faded on doubts about whether the administration can follow through.

    https://www.bloomberg.com/news/articles/2017-04-13/trump-s-weaker-dollar-dream-at-odds-with-strong-economy-promise

  • socalbeachdude

    Trump is off to Mar-a-Lago AGAIN: Easter at his Florida resort means he will have spent more than a quarter of his time at his Palm Beach property

    His trips are costing taxpayers at least $1 million each time he travels. All the while, Trump is giving the property that charges membership fees of $200,000 free exposure.

    http://www.dailymail.co.uk/news/article-4409302/Trump-spent-spent-quarter-time-Florida.html

  • socalbeachdude

    MASSIVE GLOBAL GRAIN GLUT GROWING…

    Grains piled on runways, parking lots, fields amid global glut

    http://www.reuters.com/article/us-usa-grains-storage-analysis-idUSKBN17D0EO

  • socalbeachdude

    The “Everything Bubble”

    That is what economist John Hussman calls it. Here is the chart he uses, which includes most of the major categories of the S&P 500 index. It doesn’t include the rise this year, which has now brought the market to the edge of a “Super Bubble.”

    http://bertdohmen.com/the-everything-bubble/?utm_source=BD&utm_campaign=The_Everything_Bubble&cmp=1&utm_medium=HTMLEmail

  • socalbeachdude

    Americans now hold over $4.1 trillion in consumer debt

    http://www.mybudget360.com/americans-hold-over-4-1-trillion-in-consumer-debt/

  • socalbeachdude

    FLASHBACK TO LATE FEBRUARY…

    New highs for US stocks; Dow win streak longest since 1987

    Wall Street notched another set of milestones Monday as the Dow Jones industrial average closed at a record high for the 12th consecutive time, the longest winning streak for the 30-company average in 30 years.

    https://www.washingtonpost.com/politics/congress/asian-markets-lower-as-investors-look-to-trump-speech/2017/02/26/0da0d6c4-fca4-11e6-9b78-824ccab94435_story.html?utm_term=.3eb7cd6b5648

  • socalbeachdude

    NO, DONALD, NONE OF THE FACTS CHANGED AT ALL…

    I didn’t change my mind! The facts changed: White House claims Trump flip-flopping on NATO, China and Syria is the result of issues ‘evolving towards the president’s position’

    Since last week, Trump has done 180s on Syria, NATO, the Export-Import bank, currency manipulation and Federal Reserve Chair Janet Yellen.

    http://www.dailymail.co.uk/news/article-4410230/White-House-Trump-flip-flopping-result-evolving-issues.html

  • socalbeachdude

    VERY CONFUSED MESSAGES FROM THE DONALD…

    ‘It will be taken care of’: Trump warns China that if it doesn’t ‘deal with’ North Korea, the U.S. and its allies will – yet hails Chinese president as a ‘special man’ who has ‘been working hard’

    President Donald Trump has warned China that if it is unable to restrain North Korea through its own interventions, the U.S. and it’s allies will.

    Showdown on ‘Day of the Sun’: The White house furiously denies report it ‘is prepared to launch preemptive strike with conventional weapons if it believes North Korea is about to test a nuclear bomb’

    President Trump will order a preemptive missile strike against North Korea in the next few days if he is told Kim Jung-Un is ready to go ahead with a nuclear test, according to intelligence officials.

    http://www.dailymail.co.uk/news/article-4410704/US-prepared-launch-strike-against-North-Korea.html

  • anonymous

    Let’s think about this. Rising world population. Increasing demand for oil. What other conclusion would a world super power come to? Start a war. Reduce population. Reduce humanitarian aid. Increase oil reserves. It’s just business right?

  • socalbeachdude

    Remember One Thing – Karl Denninger

    The Fed has never, in its history, managed to actually prevent a market collapse.

    It did not do so in 1929.

    It did not do so in 1987, despite it being evident that the market was going to blow up.

    It did not do so in 2000, despite it being evident that the market was grossly overheated.

    It did not do so in 2008, despite having more than a year worth of warning (the two Bear Stearns hedge funds) and in fact Bernanke testified under oath that “subprime was contained.”

    It will not do so this time either.

    https://market-ticker.org/akcs-www?post=230456

    • Spatial Memory

      Reality is cyclicality and market machinations are normal and constructive. The frb has successfully navigated, supervised and regulated banks and other financial institutions to ensure the safety and soundness of the nation’s banking and financial system and maintained stability of the financial system and contain systemic risk.

      FYI. Crash is defined as 30% decline. 1987, DJIA fell 24% not 30% and in 2000 DJIA finished the year by making all time RECORD HIGH PRICES by Q3.

      PRICE ACTION clearly disproves that GUESSWORK but in your world corroborating ‘testimony under oath’ by Bernie Madoff may be sufficient.

      ROTFLMAO

      • socalbeachdude

        On October 19, 1987 the Dow (DJIA 30) fell 508 points which was a 22% single day crash. The NYSE put rules in effect to avoid such huge crashes in a single day.

        NYSE “CIRCUIT BREAKER” RULES WILL HELP CUSHION MARKET PLUNGES

        The NYSE circuit breakers won’t kick in until a 2060 point decline on the Dow (DJIA) 30. It should be noted that effective April 8, 2013, the NYSE Circuit breaker rules were amended:

        Rule 80B

        Effective April 8, 2013, amended Rule 80B will be in effect. Amended Rule 80B replaces:

        • the DJIA with the S&P 500 as the benchmark index for measuring a market decline;

        • the quarterly calendar recalculation of Rule 80B triggers with daily recalculations; and

        • the 10%, 20%, and 30% market decline percentages with 7%, 13%, and 20% market decline percentages.

        http://usequities.nyx.com/markets/nyse-equities/circuit-breakers

    • Lennie Pike

      Collapses are it’s purpose.

      • socalbeachdude

        Laughably false and very stupid assertion.

        • Lennie Pike

          ……with much “prosperity” between collapses – and eventually (ad in now) total collapse accompanied by total destruction and hundreds of millions of people killed.

          • kfilly

            You can also add blatant theft of the Amerikan public to the FED’s mission statement. Perhaps, that is one reason why the wealthy in the USSA possess an ever increasing share of the nation’s wealth.

          • Lennie Pike

            Exactly.

    • rouge1

      The Fed makes them.

  • socalbeachdude

    TESLA IS POSTER CHILD FOR STOCK MARKET STUPIDITY

    Tesla’s ‘crazy’ climb to America’s most valuable car company

    The luxury electric-car company Tesla has yet to turn a profit, losing hundreds of millions of dollars last year alone. But on Monday, the darling of Silicon Valley became the most valuable American car company, surpassing General Motors.

    https://www.washingtonpost.com/business/economy/teslas-crazy-climb-to-americas-most-valuable-car-company/2017/04/10/de05b9ae-1dfd-11e7-be2a-3a1fb24d4671_story.html

  • socalbeachdude

    MUSK ADMITS TESLA STOCK ABSURDLY OVERPRICED

    Tesla becomes most valuable car company in the US: Electric car manufacturer overtakes giants GM and Ford in market capitalization but even CEO Elon Musk admits it could be ‘absurdly overpriced’

    Despite being just a fraction of the size of its competitors, Tesla Motors is now the leading automotive company in market capitalization after soaring shares over the past few months.

    http://www.dailymail.co.uk/news/article-4399850/Tesla-valuable-car-company-US.html

  • Cal

    Head for the exit that says accept Jesus Christ as your Lord and Savior. Call on the name of the Lord and you shall be saved. Last chance.

    • Carl

      How does this help someone who is struggling right now help? Other than maybe going to a church and getting some assistance that way. Which most people would never do because they don’t want to ask for charity and it’s not like the churches ever mention it during the preaching and singing.

      • JC Teecher

        How many churches have you visited lately?

        • SnodtBlossom

          none 🙂

    • socalbeachdude

      What on earth does that have to do with asset bubbles?

  • billtheguy

    The kids nowadays do not have the so called “American Dream” like I did. They want to live life without the pressures of a “keep up with Jones” life. Sure, they go to college to get the good job, but are not going to be dedicated to it. Others are content to make a menial living. Not like when I grew up in the 70’s. Got to have this, got to have that, and that wonderful house…..

    • JC Teecher

      True, to a large extent. Then there are still a few kids that want the American Dream of a family consisting of a Husband/Male, and a Wife/Female, without any liberalism or mixed up uni-gender crap involved.
      They want a couple decent paying jobs, even if they are more labor intensive, with a moderately sized home, and decent vehicles to drive.
      They want healthcare for themselves and their children that they can afford, and some sort of savings plan.

      On the other side of the coin, there are the delusional type of kids that think they will always have someone to give them handouts, while they choose to get by without committing to any real job, and just want to smoke weed all the time and live without any real responsibilities.
      That can work out OK until a child or two, comes along, and the handouts stop, because there is no more gov freebies.
      Then the real world becomes full on reality on a daily basis, and they soon realize that no one actually gives a shirt if they can’t get their daily doping fix, and they actually have get off their sorry arses and do something in order to survive.

      Most will go apeshit crazy, and the mobs will be revolting in the streets for their delusional beliefs that they somehow deserve handouts because they are Americans. The “never take responsibility for your own actions” millions, will get a real dose of reality, and real fast.
      My step-daughter is the same way….30ish, a pot head that pissed away 100k grand on a failed college education, and works in Subway part-time, and lives primarily off Grandparents. She is delusional and never takes responsibility for anything, and always blames her problems and lack of responsibility on everyone else.
      I used to help her by keeping her car serviced regularly, and even buying the oil and filter for the change, until she stopped thanking me and made smartazzed negative remarks about me.
      No more changey oil and filter, when smartazz has $$ for pot all the time..somehow, so, she can pay for her car service as well.

  • A.S.

    I hope that Dow Jones crashes in one day down to 10,000. Everything is highly overvalued. There needs to be a major reset. The average person can’t even make it, living paycheck to paycheck and still going more into debt. Time for Wallstreet to see how it feels doing everything you can to stay afloat and still be dirt poor, even though you have degrees, skills, experiences, etc.

    • Carl

      Stocks will be back up on Monday. I estimate by 180 – 300.

      • Dan Wingert

        We will be at war by then.

        • socalbeachdude

          Not likely.

      • socalbeachdude

        Highly unlikely.

        • Carl

          It’s a bet socal 🙂

  • XSANDIEGOCA

    My powder is dry. A 50% sell off would present great opportunities !

    • SnodtBlossom

      If you say so Old Fatso 😉

      • Cow

        Mooooooooooo

  • J.j. Cintia

    Looks to me like the High Rollers are beginning to cash out of the Casino. With the Big Money Leaving that Bubble is about to pop. I expect a flurry of calls for “opportunities” for suckers. The Long View of Wall Street is a bad bet. You might as well play the Lottery if you’re a small investor. Those Big Wheels like Buffet get insider deals to make their fortunes with. Yeah, its a rigged game there. Computers move the Whole Market with preprogrammed trades. If you know it in advance, you always win. Some might win, playing the odds. But that’s called Gambling, not sound investments.

    • K2

      they will cash out now, and they will go in again when it will begin to rise.

      • J.j. Cintia

        I doubt it. That would require a recovery which cannot happen now. This Economic Collapse has already happened. Bad debt has now exceeded the capacity for bailouts and there isn’t any way to finance these debts any further. The Retail Sector is going out of business. That consumer model has now petered out with nothing to replace it. With Trump abandoning his promises to follow Bush down the road of foreign misadventures, all the talk of reform and recovery is now for naught.

        • socalbeachdude

          Indeed. 100% correct.

        • K2

          The retail sales are rising every year. Consumer spending is rising every year. Economy is growing every year. Stock market will continue to rise.

          Try to get your news from other places too. Then you will get the true story.

          • J.j. Cintia

            The media is lying. Those rising sales deny the REAL INFLATION. They keep saying that inflation is low, but all the prices are two or three times higher than when Bush was President. Gas is only low because the West dumped oil to hurt Russia, Shale gas and Saudis dumping oil to pay their huge debts. Why is the retail market dying if sales are up? Amazon isn’t killing Macy’s high end stores. Macy’s is like Disneyland for women. They like being waited on and trying things on. No way they’re going to Amazon instead.

  • LIZ THE SHIZ

    someone’s making money you can bet on it, buy defense stawks

    • SnodtBlossom

      NaziSpawn

      • Cow

        Moo

  • Cal

    Eerily someone said the other day if we don’t stop Isis in Syria then we will have to stop them in the US. Reminds me of the 1964 peace candidate LBJ post election… “If we quit Vietnam tomorrow we’ll be fighting in Hawaii and next week we’ll have to be fighting in San Francisco.” Then came bombing and thousands of ground troops. Now the current administration has started bombing and is pondering sending thousands of troops into Syria. Wow! History does repeat itself with global nuclear war in the mix. Armageddon anyone? Jesus died for us on this day and God raised Him from the dead on the 3rd day. Call on the name of the Lord and you shall be saved. Jesus saves, lives and returns.

  • socalbeachdude
  • Carl

    “They believe Jesus Christ will come back as their “executioner” for all that do not convert to Islam.
    How screwed up is that way of thinking and teaching?”

    Not any more screwed up than christians who believe anyone who doesn’t repent and accept jesus christ as their lord and saviour will burn in hell for all eternity.

    When you think about it how is one scenario any better than the other?

    • socalbeachdude

      Only 23% of the world’s population of 7.5 billion people embraces the Christian faith.

      • Carl

        Wow! if hell existed it sure would be crowded. Talk about claustrophobia.

        • socalbeachdude

          !!!

    • JC Teecher

      There is a false teaching that has been used for centuries, and it is the “burning in hell for all eternity” narrative, taught throughout the Christian churches of several denominations.

      One such denomination that has become synonymous with that teaching is the country born, fire and brimstone, Baptist…especially in the Appalachian/Mountain and poorer, less educated southern black churches.

      It is taught out of ignorance and/or, out of a desire to scare people into becoming saved, and regular church members.

      If people are taught that there is a need to be a regular church attending member, for the continual cleansing of their soul, then it keeps the money flowing, and the preachers and deacons happy.
      Some even teach that a person cannot enter Heaven if they do not attend a church and hold a letter/membership with one.
      Another false teaching.

      When the dividing takes place when Christ returns, there will be the Sheep, or saved ones on one side, and the heathen/goats/unsaved, that had a chance and refused it, on the other side.

      Then there is the unsaved that never actually had a real chance at true salvation, and the young innocent, and the mentally incapable, that never made it to the age/point, of accountability. The unaccountable/innocent, get a free pass. The unsaved that never had a real chance, have the Millennium for learning truth, and making a final decision at the end of the 1000 year period when they are tested and tried by Satan when he is loosed from his prison in the pit of the earth, for a short season.

      Our Heavenly Father is True and Fair, and when all have been judged after His Throne is set in Jerusalem for the Great White Throne Judgment, then comes the Lake of Fire, for all that have been held in the pit of the earth for destruction; the place called Hell.
      After Hell is emptied of all the heathen/unsaved, and their very existence is blotted out along with their soul, in the Lake of (consuming) Fire, whereby, “even” the remembrance of them is blotted out of every mind, then Hell is cast into the lake of Fire (spiritually speaking ) and will never exist again.

      Thus; no one burns in Hell fire for eternity. No one remembers those friends and family members that did not make it, so there can be no weeping or sorrow for them …ever.

      Unless you change your evil ways Carl and repent for all the mocking you have done against Christ, the Father, and his Plan, then you too will have your part in the Lake of Fire, and no one will ever remember your existence, or even care.

  • FirstGarden

    There’s some huge haircuts coming.
    Barbers cut people’s hair..

    but who cuts theirs?

  • chris

    When faced with all these financial problems it must be very tempting to start a really big war, possibly with some of your creditors, that would allow you to suspend the debt ceiling and distract the general public while you sneakily put a new system into place.

  • rouge1

    Blame the FEDERAL Reserve. You know the money changers.

  • Songchannels

    Interesting timing how they’re crashing economy as they go to WWIII. The globalist U.S. corrupt politicians like Kushner anticipate China/Russia invading America from their provocation. The petro dollar’s set to collapse so these corrupt American politicians want to get rid of their worthless slaves rather than face retaliation from rioters.

  • Surrounded by Weak Minds

    Based on these articles, the DOW should be at 12 and gold should be at $50,000! I better sell everything and buy gold!

  • Orac4Prez

    Just waiting for the next economic MOAB – Mother of all Busts!

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