JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
UPDATE-SEPTEMBER 10,2015-12:00AM
DOW MARKET THURSDAY-SEPT 10,2015
09:30AM-17.40-
10:00AM-14.28-
10:30AM-7.43-
11:00AM-92.57
11:30AM-12.13
12:00PM-78.70
12:30PM-57.19
01:00PM-80.71
01:30PM-143.48
02:00PM-174.08
02:30PM-141.57
03:00PM-98.38
03:30PM-47.09
04:00PM-76.83+ 16,330.40
HIGH +192 LOW -38
TSX +38.04 13,569.89 - GOLD +$2.82 $1,110.55 - OIL +$1.54 $45.69
WELL I WAS NICELY SURPRISED WHEN A MAN ON BLOOMBERG WAS TALKING ABOUT THE BIBLE.AND THE 7 YEAR CYCLES.HE SAID JUST LOOK IN THE BIBLE FOR THE 7 YEAR MARKET CYCLES.THEN TOM KEENE THE HOST WAS NICE AND SAID HELLO TO US CANADIANS.SO I SAY HELLO TO TOM KEENE AND BLOOMBERG.AND THANKS FOR SAYING HI TO US.
Which Country Will Devalue Their Currency Next? Libya, Equatorial Guinea and Oman-Oil dependency and yuan devaluation already forced Kazakhstan's hand-Elena Popina-Benchmark-September 10, 2015 — 8:35 AM EDT-bloomberg
They're small, hopelessly devoted to oil and at risk of dropping their currency pegs.Meet Equatorial Guinea, Libya, the Republic of Congo and Oman.When Kazakhstan abandoned its dollar peg in the wake of China's shock yuan devaluation it warned other oil-producing countries would have to do the same as the world enters a “new era” of low oil prices. Here's a quick look at the economies in those four nations.-Equatorial Guinea and Congo-The economic fortunes of Equatorial Guinea changed overnight with the discovery of oil in the mid-1990s. The former Spanish colony the size of Massachusetts was transformed into one of the world's fastest-growing economies, yet also left dangerously reliant on a single source of revenue at a time crude price are tanking. Energy accounts for nearly 90 percent of its gross domestic product and virtually all of its exports.What could tip Equatorial Guinea over the edge is that the Central African CFA franc it shares with five other countries is pegged to the euro, preventing them from weakening enough to offset the oil decline."Options for relief include a departure from the monetary union, an adjustment of the rate at which the single currency is hitched to the euro, or a break of the peg altogether," writes David Powell, an economist at Bloomberg Intelligence in London.The resource curse strikes again with the Republic of Congo, which is also latched on to the CFA franc. Oil rents — the profits from that industry — totaled 56.8 percent of GDP at the end of 2013 — the second-highest in the world, after Kuwait, according to Powell. What gives Congo a veil of protection is hefty international reserves, among the highest in Africa.-Libya-Since the 2011 overthrow of dictator Muammar Qaddafi, oil-rich Libya has descended into a state of lawlessness that has drawn comparisons to Somalia. It's part of a club dubbed the "fragile five" reserved for OPEC members mired in political turmoil that are slashing social spending in response to lower crude prices. The collapse in oil revenue is forcing Libya to deplete foreign currency reserves — a quarter of it just last year — to keep the country running.After a 2002 devaluation aimed to boost its competitiveness, Libya pegged the dinar to the International Monetary Fund’s Special Drawing Rights to give it stability. Will that be enough? Oman-The second-smallest economy in the Persian Gulf happens to be the biggest Middle East oil producer outside OPEC. Its currency is pegged to the dollar. That's not unusual. So is Saudi Arabia's. Interestingly, Kuwait was the first country in the region to drop the peg in 2007 in response to spiralling inflation.Again, it's the combination of a small-ish economy and dependence on oil that could send the rial into freefall. After years of comfortable surpluses, the country last year reported a budget deficit of 600 million rials ($1.56 billion). That will widen to 8 percent of GDP if oil prices average $75 a barrel, the government predicts. Analysts surveyed by Bloomberg are far more pessimistic, anticipating the deficit will widen to 13 percent of GDP. Between May and July, expenditure soared by 40 percent.
Move Over Exxon, Russian Drillers Are Oil World's Top Performers-Stephen Bierman Rakteem Katakey-Updated on September 8, 2015 — 11:24 AM EDT-BLOOMBERG
At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts.On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC-- Russia’s two largest oil producers -- and OAO Gazprom Neft are performing better than Royal Dutch Shell Plc, BP Plc or Exxon Mobil Corp.“When oil goes down, the western companies are hurt more than the Russian companies,” said Maxim Edelson, a senior director at Fitch Ratings in Moscow. Because Russian tax rates adjust automatically to lower prices the nation’s companies enjoy a buffer to the slump in crude while “a lot of the hit is taken by the government,” he said.The oil industry is struggling to adapt after prices fell to the lowest level in six years amid a global supply glut. While energy producers have fallen more than any other group this year on the MSCI All-Country World Index, Russian companies have been the most resilient. Rosneft shares gained 3.4 percent and Gazprom Neft added 2.5 percent in London trading this year. Shell’s B shares, the most widely traded, lost 27 percent and BP 17 percent.The plunge in crude prices of more than 50 percent in the past year has pushed the country into its first recession since 2009. Russia also relies on oil and gas for about a half of its budget revenue. The faltering economy, combined with the effects of international sanctions over Russia’s involvement in Ukraine, has weakened the ruble, benefiting oil companies that earn dollars and pay costs in the local currency.The tax and currency benefit this year means Rosneft and Lukoil will yield free cash flow at more than twice the rate of Shell and BP, according to Barclays Plc data. Russian producers are generating cash as if the price of oil were still $100 a barrel rather than $50, Goldman Sachs Group Inc. said in a research note Sept. 1.“Production costs in Russia are still among the lowest globally,” because not so much advanced technology is applied to boost extraction as in other parts of the world, Philipp Chladek, a London-based oil-sector analyst with Bloomberg Intelligence, wrote in a Sept. 2 report. “Rather than trying to increase the recovery rate in mature fields to keep the oil flowing, Russian companies can still tap new resources.”Rosneft has some of the industry’s lowest costs, Chief Executive Officer Igor Sechin told reporters in Beijing on Thursday. The producer’s capital expenditure of $4.20 a barrel is a sixth of the $27 a barrel Exxon Mobil spends, according to a company presentation. Brent crude, the global benchmark grade, rose 2 percent to $48.57 a barrel at 3:54 p.m. on the London-based ICE Futures Europe exchange.Almost all of the Russian oil companies with both production and refining had a pretax earnings margin -- a measure of profitability -- that was higher than their peers in Europe in the second quarter, Chladek wrote.While Russian oil companies’ performance has been stronger than competitors, they are not immune to the effects of the price slump. Rosneft and Lukoil’s revenue dropped from a year earlier for three consecutive quarters. While Lukoil’s production of oil and condensate rose 5.2 percent in the first half, Rosneft’s crude output fell 1.1 percent as it cut spending in dollar terms. The nation’s largest oil producer must service or refinance $26 billion in debt from the second half of this year to the end of 2016 while international sanctions restrict its ability to access capital markets.When asked about the future of oil prices, Sechin declined to make a prediction. “Don’t turn to me, go to some fortuneteller, because there are too many uncertainties,” he said.
Urban cooperative banks say Reserve Bank panel is wrong-BS Reporter | New Delhi September 10, 2015 Last Updated at 00:20 IST
The National Federation of Urban Cooperative Banks and Credit Societies (Nafcub), an apex body of these lenders, has opposed the recommendation of a Reserve Bank of India (RBI) panel to convert these bodies with business size of at least Rs 20,000 crore into regular banks.At a press conference, Nafcub chairman M L Abyankar alleged this would amount to handing over the 100-year-old cooperative movement to private hands.The RBI panel, chaired by Deputy governor R Gandhi, had said large multi-state urban cooperative banks (MS-UCBs) having presence in more than one state, dealing in foreign exchange and participating in the money market and payment systems, could be systemically important. Hence, “their failure might have a contagion effect and unsettle the UCB sector. The systemic risk could be minimised if the large UCBs convert themselves into commercial banks, as the statutory framework and prudential regulations with respect to commercial banks are more stringent and structured than those for UCBs”.RBI has placed the panel's report on its website, for feedback.
Cabinet okays new gold schemes-For both monetisation and bonds, in different tenors; tax laws to be changed-BS Reporters | New Delhi/ Mumbai September 9, 2015 Last Updated at 22:35 IST
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved on Wednesday proposals for new gold monetisation and gold bond schemes. The aim of the schemes, proposed in the 2015-16 Budget speech, is to reduce India’s gold demand and imports, putting into use the stocks with citizens.The Gold Monetisation Scheme (GMS) consists of a revamped Gold Deposit Scheme and Gold Metal Loan Scheme. “The objective of introducing the modifications is to make the existing schemes more effective and to broaden the ambit from merely mobilising gold held by households and institutions to putting this into productive use,” went an official statement.Under GMS, the gold deposited by households to gold savings accounts will be put to use for auctioning, replenishment of the Reserve Bank’s (RBI's) gold reserves, coins and lending to jewellers.The tenures of deposits can be for a short term of one to three years, a medium term of five to seven years or a longer term of 11-15 years. For the short term, the interest rates will be decided by banks. For the other tenures, RBI, in consultation with the government, will decide. The interest income to depositors will be tax-free, as in the Gold Deposit Scheme. If the gold is loaned to jewellers, the rates will be decided by banks in consultation with RBI.Cabinet okays new gold schemes-Speaking after the cabinet meeting, Finance Minister Arun Jaitley said around 1,000 tonnes of gold was imported annually and people hold much idle gold only for investment purposes. With GMS, people can deposit idle gold with authorised agencies, taking advantage of price escalation in gold and earn interest on the deposit, he said.“The deposit tenure would be short, medium or long term and if the idle gold is deposited in the banking system, then at the time of redemption, people can get the actual value. Physical gold can be obtained if it is a short-term deposit. Besides, people will also get the interest,” Jaitley said.He and later economic affairs secretary Shaktikanta Das said the notification and date of implementation of the GMS would be announced very soon.Pluses, issues-Das said depositors cannot benefit from appreciation in the value of gold in the existing schemes but will be doing so from any increase in the metal’s value under GMS.On the gold bond scheme, Jaitley said the interest on these would be decided keeping the market rate in view and redemptions could be done through banks, non-bank finance companies and post offices.The scheme will have an annual cap of 500g per person and such bonds would be issued for a period of five to seven years. The bonds will be issued in two, five and 10 grammes or other denominations. The tenor could be for a minimum of five to seven years, so that it protects investors from medium-term volatility in gold prices, Jaitley said.Issuance of Sovereign Gold Bonds will be within the government's market borrowing programme for 2015-16 and onwards. Issuance will be determined by RBI, in consultation with the ministry of finance. The government’s borrowing programme will be adjusted accordingly, Das said.“Since the bond will be a part of the sovereign borrowing, these would need to be within the fiscal deficit target for 2015-16 and onwards,” explained the official statement.The gold bond scheme is estimated to help reduce the demand for physical gold by shifting part of the estimated 300 tonnes of physical bars and coins purchased every year for investment into bonds. “Since most of the demand for gold in India is met through imports, this scheme will ultimately help in maintaining the country's current account deficit (CAD) within sustainable limits,” the statement added.The government plans to borrow Rs 6 lakh crore in the current financial year, of which Rs 3.6 lakh crore would be done in the first half. Rising gold imports had pushed up India's CAD to a record high of 4.8 per cent of gross domestic product (GDP) in 2012-13. In 2014-15, it was brought down to 1.3 per cent of GDP.Capital gains tax will be the same under the gold bond scheme as it is for physical gold for an individual investor. On the gold monetisation scheme, the official statement said the risk of gold price changes would be borne by the Gold Reserve Fund (GRF), to be created by the government.“Savings in the costs of borrowing, compared with the existing rate on government borrowings, will be deposited in the GRF, to take care of the risk of increase in gold price that will be borne by the government. Further, the Fund will be continuously monitored for sustainability,” it said.Cabinet clears gold bond, monetisation schemes-Other details-Das said the revenue department had agreed that amendments to the Income Tax Act for providing 'indexation benefits to long-term capital gains arising on transfer of bond' and for 'exemption for capital gains arising on redemption of SGB' will be considered in the next Budget (for 2016-17). “This will ensure that an investor is indifferent in terms of investing in these bonds and in physical gold as far as tax treatment is concerned,” he said.After announcement of the two gold schemes, share prices of jewellery entities rose. Gitanjali Gems was up 11.8 per cent, followed by Shree Ganesh Jewellery at 7.3 per cent.“This is only a green signal for the proposed schemes. There are operational challenges and detailing for most of the points touched upon, which I suppose will be addressed or discussed in the notifications that are planned to be released soon,” said Sudheesh Nambiath, senior precious metals analyst at Thomson Reuters GFMS.There are some operational issues. In India, a little over 300 hallmarking centres are to collect gold from consumers, do assaying and melting, as proposed by the government in GMS. Rajesh Khosla, managing director at MMTC-PAMPS, India’s largest and so far only LBMA-approved gold refinery, said: “Many assaying centres don’t have the infrastructure for melting, etc, which they will have to create. However, the scheme, based on details available so far from the government press note, suggests it is good to start with and in a year’s time, 25 tonnes gold could be mobilised. Eventually, infrastructure will improve significantly.”“The gold bond scheme will allow savers to sell or trade bonds easily on commodity exchanges. Key features, such as the ability to use these as collateral for loans and capital gains tax treatment similar to gold, are very thoughtful and timely,” said Somasundaram P R, managing director, India, World Gold Council.
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
http://israndjer.blogspot.ca/2015/09/does-currency-manipulation-devaluations.html
http://israndjer.blogspot.ca/2015/09/after-holiday-back-to-markets-what-will.html
http://israndjer.blogspot.ca/2015/09/father-of-euro-fears-of-eu-super-state.html
http://europa.eu/rapid/press-release_IP-15-5240_en.htm
http://israndjer.blogspot.ca/2015/09/with-labour-day-holiday-today-in-canada.html
http://israndjer.blogspot.ca/2015/09/rumours-next-year-european-union-is.html
http://israndjer.blogspot.ca/2015/09/dow-up-meer-23-points-yesterday-after.html
http://israndjer.blogspot.ca/2015/09/china-is-on-holidays-for-rest-of-week.html
http://israndjer.blogspot.ca/2015/09/china-should-clearly-explain-their.html
http://israndjer.blogspot.ca/2015/08/whats-real-reason-for-latest-market.html
http://israndjer.blogspot.ca/2015/08/last-day-of-aug-trading-what-will-sept.html
http://israndjer.blogspot.ca/2015/08/after-619-point-rise-yesterday-see-what.html
http://israndjer.blogspot.ca/2015/08/yesterday-dow-was-up-440-points-and.html
http://israndjer.blogspot.ca/2015/08/i-believe-this-china-devaluing-of-its.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
UPDATE-SEPTEMBER 10,2015-12:00AM
DOW MARKET THURSDAY-SEPT 10,2015
09:30AM-17.40-
10:00AM-14.28-
10:30AM-7.43-
11:00AM-92.57
11:30AM-12.13
12:00PM-78.70
12:30PM-57.19
01:00PM-80.71
01:30PM-143.48
02:00PM-174.08
02:30PM-141.57
03:00PM-98.38
03:30PM-47.09
04:00PM-76.83+ 16,330.40
HIGH +192 LOW -38
TSX +38.04 13,569.89 - GOLD +$2.82 $1,110.55 - OIL +$1.54 $45.69
WELL I WAS NICELY SURPRISED WHEN A MAN ON BLOOMBERG WAS TALKING ABOUT THE BIBLE.AND THE 7 YEAR CYCLES.HE SAID JUST LOOK IN THE BIBLE FOR THE 7 YEAR MARKET CYCLES.THEN TOM KEENE THE HOST WAS NICE AND SAID HELLO TO US CANADIANS.SO I SAY HELLO TO TOM KEENE AND BLOOMBERG.AND THANKS FOR SAYING HI TO US.
Tom Keene
Tom Keene is an editor-at-large at
Bloomberg News, a host on Bloomberg Radio, and anchor of "Bloomberg
Surveillance" on Bloomberg Television.
picture from-http://www.bloomberg.com/personalities/
http://topics.bloomberg.com/tom-keene/
U.S. stocks end modestly higher as rally fades-Published: Sept 10, 2015 4:08 p.m. ET-market watch-By Anora Mahmudova-Reporter
A solid rally in U.S. stocks ran out of momentum in the final two hours of the session, with the main indexes ending only modestly higher Thursday. A jump in oil prices helped lift the overall market, but uncertainty ahead of the Federal Reserve's two-day policy meeting next week made for volatile trade and kept a lid on gains. The S&P 500 SPX, +0.53% closed 10.25 points, or 0.5% higher at 1,952.29. The Dow Jones Industrial Average DJIA, +0.47% gained 76.83 points, or 0.5%, to 16,330.40. The Nasdaq Composite COMP, +0.84% ended the day up 39.72 points, or 0.8%, at 4,796.25.
picture from-http://www.bloomberg.com/personalities/
http://topics.bloomberg.com/tom-keene/
U.S. stocks end modestly higher as rally fades-Published: Sept 10, 2015 4:08 p.m. ET-market watch-By Anora Mahmudova-Reporter
A solid rally in U.S. stocks ran out of momentum in the final two hours of the session, with the main indexes ending only modestly higher Thursday. A jump in oil prices helped lift the overall market, but uncertainty ahead of the Federal Reserve's two-day policy meeting next week made for volatile trade and kept a lid on gains. The S&P 500 SPX, +0.53% closed 10.25 points, or 0.5% higher at 1,952.29. The Dow Jones Industrial Average DJIA, +0.47% gained 76.83 points, or 0.5%, to 16,330.40. The Nasdaq Composite COMP, +0.84% ended the day up 39.72 points, or 0.8%, at 4,796.25.
Which Country Will Devalue Their Currency Next? Libya, Equatorial Guinea and Oman-Oil dependency and yuan devaluation already forced Kazakhstan's hand-Elena Popina-Benchmark-September 10, 2015 — 8:35 AM EDT-bloomberg
They're small, hopelessly devoted to oil and at risk of dropping their currency pegs.Meet Equatorial Guinea, Libya, the Republic of Congo and Oman.When Kazakhstan abandoned its dollar peg in the wake of China's shock yuan devaluation it warned other oil-producing countries would have to do the same as the world enters a “new era” of low oil prices. Here's a quick look at the economies in those four nations.-Equatorial Guinea and Congo-The economic fortunes of Equatorial Guinea changed overnight with the discovery of oil in the mid-1990s. The former Spanish colony the size of Massachusetts was transformed into one of the world's fastest-growing economies, yet also left dangerously reliant on a single source of revenue at a time crude price are tanking. Energy accounts for nearly 90 percent of its gross domestic product and virtually all of its exports.What could tip Equatorial Guinea over the edge is that the Central African CFA franc it shares with five other countries is pegged to the euro, preventing them from weakening enough to offset the oil decline."Options for relief include a departure from the monetary union, an adjustment of the rate at which the single currency is hitched to the euro, or a break of the peg altogether," writes David Powell, an economist at Bloomberg Intelligence in London.The resource curse strikes again with the Republic of Congo, which is also latched on to the CFA franc. Oil rents — the profits from that industry — totaled 56.8 percent of GDP at the end of 2013 — the second-highest in the world, after Kuwait, according to Powell. What gives Congo a veil of protection is hefty international reserves, among the highest in Africa.-Libya-Since the 2011 overthrow of dictator Muammar Qaddafi, oil-rich Libya has descended into a state of lawlessness that has drawn comparisons to Somalia. It's part of a club dubbed the "fragile five" reserved for OPEC members mired in political turmoil that are slashing social spending in response to lower crude prices. The collapse in oil revenue is forcing Libya to deplete foreign currency reserves — a quarter of it just last year — to keep the country running.After a 2002 devaluation aimed to boost its competitiveness, Libya pegged the dinar to the International Monetary Fund’s Special Drawing Rights to give it stability. Will that be enough? Oman-The second-smallest economy in the Persian Gulf happens to be the biggest Middle East oil producer outside OPEC. Its currency is pegged to the dollar. That's not unusual. So is Saudi Arabia's. Interestingly, Kuwait was the first country in the region to drop the peg in 2007 in response to spiralling inflation.Again, it's the combination of a small-ish economy and dependence on oil that could send the rial into freefall. After years of comfortable surpluses, the country last year reported a budget deficit of 600 million rials ($1.56 billion). That will widen to 8 percent of GDP if oil prices average $75 a barrel, the government predicts. Analysts surveyed by Bloomberg are far more pessimistic, anticipating the deficit will widen to 13 percent of GDP. Between May and July, expenditure soared by 40 percent.
Move Over Exxon, Russian Drillers Are Oil World's Top Performers-Stephen Bierman Rakteem Katakey-Updated on September 8, 2015 — 11:24 AM EDT-BLOOMBERG
At a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their western counterparts.On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC-- Russia’s two largest oil producers -- and OAO Gazprom Neft are performing better than Royal Dutch Shell Plc, BP Plc or Exxon Mobil Corp.“When oil goes down, the western companies are hurt more than the Russian companies,” said Maxim Edelson, a senior director at Fitch Ratings in Moscow. Because Russian tax rates adjust automatically to lower prices the nation’s companies enjoy a buffer to the slump in crude while “a lot of the hit is taken by the government,” he said.The oil industry is struggling to adapt after prices fell to the lowest level in six years amid a global supply glut. While energy producers have fallen more than any other group this year on the MSCI All-Country World Index, Russian companies have been the most resilient. Rosneft shares gained 3.4 percent and Gazprom Neft added 2.5 percent in London trading this year. Shell’s B shares, the most widely traded, lost 27 percent and BP 17 percent.The plunge in crude prices of more than 50 percent in the past year has pushed the country into its first recession since 2009. Russia also relies on oil and gas for about a half of its budget revenue. The faltering economy, combined with the effects of international sanctions over Russia’s involvement in Ukraine, has weakened the ruble, benefiting oil companies that earn dollars and pay costs in the local currency.The tax and currency benefit this year means Rosneft and Lukoil will yield free cash flow at more than twice the rate of Shell and BP, according to Barclays Plc data. Russian producers are generating cash as if the price of oil were still $100 a barrel rather than $50, Goldman Sachs Group Inc. said in a research note Sept. 1.“Production costs in Russia are still among the lowest globally,” because not so much advanced technology is applied to boost extraction as in other parts of the world, Philipp Chladek, a London-based oil-sector analyst with Bloomberg Intelligence, wrote in a Sept. 2 report. “Rather than trying to increase the recovery rate in mature fields to keep the oil flowing, Russian companies can still tap new resources.”Rosneft has some of the industry’s lowest costs, Chief Executive Officer Igor Sechin told reporters in Beijing on Thursday. The producer’s capital expenditure of $4.20 a barrel is a sixth of the $27 a barrel Exxon Mobil spends, according to a company presentation. Brent crude, the global benchmark grade, rose 2 percent to $48.57 a barrel at 3:54 p.m. on the London-based ICE Futures Europe exchange.Almost all of the Russian oil companies with both production and refining had a pretax earnings margin -- a measure of profitability -- that was higher than their peers in Europe in the second quarter, Chladek wrote.While Russian oil companies’ performance has been stronger than competitors, they are not immune to the effects of the price slump. Rosneft and Lukoil’s revenue dropped from a year earlier for three consecutive quarters. While Lukoil’s production of oil and condensate rose 5.2 percent in the first half, Rosneft’s crude output fell 1.1 percent as it cut spending in dollar terms. The nation’s largest oil producer must service or refinance $26 billion in debt from the second half of this year to the end of 2016 while international sanctions restrict its ability to access capital markets.When asked about the future of oil prices, Sechin declined to make a prediction. “Don’t turn to me, go to some fortuneteller, because there are too many uncertainties,” he said.
Urban cooperative banks say Reserve Bank panel is wrong-BS Reporter | New Delhi September 10, 2015 Last Updated at 00:20 IST
The National Federation of Urban Cooperative Banks and Credit Societies (Nafcub), an apex body of these lenders, has opposed the recommendation of a Reserve Bank of India (RBI) panel to convert these bodies with business size of at least Rs 20,000 crore into regular banks.At a press conference, Nafcub chairman M L Abyankar alleged this would amount to handing over the 100-year-old cooperative movement to private hands.The RBI panel, chaired by Deputy governor R Gandhi, had said large multi-state urban cooperative banks (MS-UCBs) having presence in more than one state, dealing in foreign exchange and participating in the money market and payment systems, could be systemically important. Hence, “their failure might have a contagion effect and unsettle the UCB sector. The systemic risk could be minimised if the large UCBs convert themselves into commercial banks, as the statutory framework and prudential regulations with respect to commercial banks are more stringent and structured than those for UCBs”.RBI has placed the panel's report on its website, for feedback.
Cabinet okays new gold schemes-For both monetisation and bonds, in different tenors; tax laws to be changed-BS Reporters | New Delhi/ Mumbai September 9, 2015 Last Updated at 22:35 IST
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved on Wednesday proposals for new gold monetisation and gold bond schemes. The aim of the schemes, proposed in the 2015-16 Budget speech, is to reduce India’s gold demand and imports, putting into use the stocks with citizens.The Gold Monetisation Scheme (GMS) consists of a revamped Gold Deposit Scheme and Gold Metal Loan Scheme. “The objective of introducing the modifications is to make the existing schemes more effective and to broaden the ambit from merely mobilising gold held by households and institutions to putting this into productive use,” went an official statement.Under GMS, the gold deposited by households to gold savings accounts will be put to use for auctioning, replenishment of the Reserve Bank’s (RBI's) gold reserves, coins and lending to jewellers.The tenures of deposits can be for a short term of one to three years, a medium term of five to seven years or a longer term of 11-15 years. For the short term, the interest rates will be decided by banks. For the other tenures, RBI, in consultation with the government, will decide. The interest income to depositors will be tax-free, as in the Gold Deposit Scheme. If the gold is loaned to jewellers, the rates will be decided by banks in consultation with RBI.Cabinet okays new gold schemes-Speaking after the cabinet meeting, Finance Minister Arun Jaitley said around 1,000 tonnes of gold was imported annually and people hold much idle gold only for investment purposes. With GMS, people can deposit idle gold with authorised agencies, taking advantage of price escalation in gold and earn interest on the deposit, he said.“The deposit tenure would be short, medium or long term and if the idle gold is deposited in the banking system, then at the time of redemption, people can get the actual value. Physical gold can be obtained if it is a short-term deposit. Besides, people will also get the interest,” Jaitley said.He and later economic affairs secretary Shaktikanta Das said the notification and date of implementation of the GMS would be announced very soon.Pluses, issues-Das said depositors cannot benefit from appreciation in the value of gold in the existing schemes but will be doing so from any increase in the metal’s value under GMS.On the gold bond scheme, Jaitley said the interest on these would be decided keeping the market rate in view and redemptions could be done through banks, non-bank finance companies and post offices.The scheme will have an annual cap of 500g per person and such bonds would be issued for a period of five to seven years. The bonds will be issued in two, five and 10 grammes or other denominations. The tenor could be for a minimum of five to seven years, so that it protects investors from medium-term volatility in gold prices, Jaitley said.Issuance of Sovereign Gold Bonds will be within the government's market borrowing programme for 2015-16 and onwards. Issuance will be determined by RBI, in consultation with the ministry of finance. The government’s borrowing programme will be adjusted accordingly, Das said.“Since the bond will be a part of the sovereign borrowing, these would need to be within the fiscal deficit target for 2015-16 and onwards,” explained the official statement.The gold bond scheme is estimated to help reduce the demand for physical gold by shifting part of the estimated 300 tonnes of physical bars and coins purchased every year for investment into bonds. “Since most of the demand for gold in India is met through imports, this scheme will ultimately help in maintaining the country's current account deficit (CAD) within sustainable limits,” the statement added.The government plans to borrow Rs 6 lakh crore in the current financial year, of which Rs 3.6 lakh crore would be done in the first half. Rising gold imports had pushed up India's CAD to a record high of 4.8 per cent of gross domestic product (GDP) in 2012-13. In 2014-15, it was brought down to 1.3 per cent of GDP.Capital gains tax will be the same under the gold bond scheme as it is for physical gold for an individual investor. On the gold monetisation scheme, the official statement said the risk of gold price changes would be borne by the Gold Reserve Fund (GRF), to be created by the government.“Savings in the costs of borrowing, compared with the existing rate on government borrowings, will be deposited in the GRF, to take care of the risk of increase in gold price that will be borne by the government. Further, the Fund will be continuously monitored for sustainability,” it said.Cabinet clears gold bond, monetisation schemes-Other details-Das said the revenue department had agreed that amendments to the Income Tax Act for providing 'indexation benefits to long-term capital gains arising on transfer of bond' and for 'exemption for capital gains arising on redemption of SGB' will be considered in the next Budget (for 2016-17). “This will ensure that an investor is indifferent in terms of investing in these bonds and in physical gold as far as tax treatment is concerned,” he said.After announcement of the two gold schemes, share prices of jewellery entities rose. Gitanjali Gems was up 11.8 per cent, followed by Shree Ganesh Jewellery at 7.3 per cent.“This is only a green signal for the proposed schemes. There are operational challenges and detailing for most of the points touched upon, which I suppose will be addressed or discussed in the notifications that are planned to be released soon,” said Sudheesh Nambiath, senior precious metals analyst at Thomson Reuters GFMS.There are some operational issues. In India, a little over 300 hallmarking centres are to collect gold from consumers, do assaying and melting, as proposed by the government in GMS. Rajesh Khosla, managing director at MMTC-PAMPS, India’s largest and so far only LBMA-approved gold refinery, said: “Many assaying centres don’t have the infrastructure for melting, etc, which they will have to create. However, the scheme, based on details available so far from the government press note, suggests it is good to start with and in a year’s time, 25 tonnes gold could be mobilised. Eventually, infrastructure will improve significantly.”“The gold bond scheme will allow savers to sell or trade bonds easily on commodity exchanges. Key features, such as the ability to use these as collateral for loans and capital gains tax treatment similar to gold, are very thoughtful and timely,” said Somasundaram P R, managing director, India, World Gold Council.
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