COMMENTARY & OPINION - SPECIAL

From the desk of

Bill Ramey

1/14/16

COMMENTARY & OPINION

SPECIAL

COULD IT BE THAT OUR OVAL OFFICE OCCUPANT IS STILL SMOKING "FUNNY WEED"?

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January 14, 2016

Gerald Celente Is On Fire! Completely Destroys Obama's State Of Union And Tells Us Why America Is Finished As Canada 'Feels The Great Depression' - Is THIS What's Coming To America Next?

 

By Stefan Stanford - All News Pipeline - Live Free Or Die

Gerald Celente from the Trends Journal is not known as a man to mince words and in the newly released interview below with Gary Franchi of the Next News Network, Celente is absolutely on fire as he rips Barack Obama's 'state of the union' address to pieces. "Everything this guy's done has been failure" Celente tells us as fire comes out of his eyes. The comments on the YouTube video seen below tell us how much Celente nails it in this outstanding video. Much more below video including the unfolding situation in Canada that has some already talking 'great depression' and a new video from the X22Report about Russia's latest move away from the US dollar and our economy.

Gary, how the hell did you keep a straight face as this man Mr Celente skewered Hussein Obama? I was laughing and also loving every word.

Thanks Gary, Gerald is the main source of truth...just as you are

The Chief enemy of the US Constitution is radically islamic and currently resides in THE WHITE HOUSE. Any wonder he fails to designate THE ENEMY?? What will the Oath Keepers do?

That dude is awesome

Somebody start a Whitehouse petition to get Gerald celente into Obamas chair.

Hey FOLKS! ~ Love Gerald Celente, a REAL man!!!

On a day that we learned from Zero Hedge that Canadians are panicking due to soaring food prices due to a collapsing currency, Celente doesn't hold back and begins by mocking Obama's Nobel peace prize as a man responsible for the deaths of a countless number of people around the world not to mention continuing his predecessors legacy of war, war and more war.

Why hasn't Obama shed a tear for the countless number of innocent people throughout the world he's slaughtered with drones like the 'crocodile tear' he recently shed over Sandy Hook? For those who aren't aware, Celente has been pushing 'Occupy Peace' and we couldn't agree with him more. For humanity to have a chance, we need more people like Celente to speak out and take action. Our Nobel Peace prize winning president has been a failure in the 'peace' department and in Obama's own words, shared by Celente here, our commander-in-chief is "very good at killing people". How many more will die because of his policies, policies of endless war that Celente rips to shreds in this video?

Celente proves to us that most of the words coming out of Barack Obama's mouth during his last State of the Union speech consisted of  endless drivel as all around the world we see economies coming unglued.

In Canada we see another sign that the economic world is beginning to come unraveled as Canadians are now paying $15.99 for a box of Frosted Flakes, $31.99 for a bottle of Tide, $3 per cucumber (if you buy 2), $17.79 for a gallon of chocolate milk and $8.19 for eggs as seen in the twitter screenshots seen directly below.

We also learned today from King World News that a major signal preceding stock market crashes in 1929, 2000 and 2008 was just triggered as the price of oil prepares to drop below the price of water as shared in this story the Telegraph. Zero Hedge told us that 2015 Q4 will be the worst US earnings season since the 3rd quarter of 2009. The end of 2015 and into 2016 clearly has us in some very good company. From Zero Hedge.:

It gets even worse. According to Bloomberg, on a share-weighted basis, S&P 500 profits are expected to have dropped by 7.2% in 4Q, while revenues are expected to fall by 3.1% This would represent the worst U.S. earnings season since 3Q 2009, and a third straight quarter of negative profit growth. It's no longer simply a recession: as noted above, the Q4 EPS drop follows declines of 3.1% in Q3 and 1.7% in Q2. it is... whatever comes next.

As Bloomberg adds, the main driving forces behind drop in U.S. earnings are the rise in the dollar index (thanks Fed) and the drop in average WTI oil prices. However, since more than half of all industries are about to see an EPS decline, one can't blame either one or the other.

So while we know what to expect from Q4, a better question may be what is coming next, and according to the penguin brigade, this time will be different, and the hockey stick which was expected originally to take place in Q4 2015 and then Q1 2016 has been pushed back to Q4 2016, when by some miracle, EPS is now expected to grow by just about 15%.

Zero Hedge also tells us that the bursting of the bond market has begun as the world is awash in far too much debt. Telling us that the bond bubble is more than $100 trillion, with an EXTRA $555 TRILLION in derivatives trading based upon it, we see evidence everywhere that corporations around the world have been issuing record amounts of debt, a great deal of that in US dollars. Because of this, and much more, the financial system is much more leveraged with absolute garbage debt than it was in 2008.

While Barack Obama says the US economy is 'great' while we see the economic world falling apart all around us we have to ask what he sees that we don't see? Is what Canada is dealing with coming to America next? This is clearly just the beginning and with economic armageddon all around us we see things likely to get much worse before they get much better.

Fortunately, not all foods are getting more expensive but unfortunately, it's the junk food and other foods that aren't healthy that are becoming more cheap as we see in the screenshot below. Is Canada now suffering from a 'Great Depression'? Things can clearly get much, murch worse, and as we see here, it's likely to before it gets much better. 

Norfolk Shipyard To Lay Off 50% Of Workforce

 

(Hugh Lessig)  BAE Systems notified 530 workers at its Norfolk shipyard Tuesday that they will likely lose their jobs in March, a company spokesman said.

Citing a continued drop in workload, BAE spokesman Karl Johnson said the layoffs would be effective March 18. About 1,075 people work at the shipyard, so this would slash the workforce in half.

The furloughs target both management and the skilled trades. Johnson said the layoffs will probably happen, although the company continues to work with the Navy in hopes of securing new business, and that could make a difference.

Last year for example, BAE announced that 650 pending layoffs in Norfolk. It ended up cutting 400 jobs — 345 through layoffs and the rest through voluntary reductions.

BAE does repair work on Navy amphibious warships, cruisers and destroyers.

The drop in work has resulted from some repair jobs being delayed. The Navy has also moved some ships out of Hampton Roads, which hurt the business.

Three guided-missile destroyers based in Norfolk have moved to Rota, Spain: the USS Ross, USS Donald Cook and the USS Porter. In late 2013 and 2014, the Navy transferred three ships to Naval Station Mayport in Jacksonville, Fla.: the amphibious assault ship USS Iwo Jima, plus the USS New York and the USS Fort McHenry.

On Tuesday, the guided-missile destroyer USS Barry left Hampton Roads for the final time. It will be based in Yokosuka, Japan. The Navy announced that move in October 2014 as part of a series of ship reassignments that reflect a further emphasis on the Asia-Pacific region.

At this point, it isn’t known when the company will make a final decision. It could depend on whether additional work comes in over the next several weeks.

Also Tuesday, BAE announced 300 probable layoffs at its Jacksonville facility, also to be effective in March.

Layoffs at BAE have contributed to a rough stretch for the shipbuilding and ship repair industries in Hampton Roads. Newport News Shipbuilding cut more than 1,200 jobs last year, citing a temporary but significant drop in work for aircraft carriers. The yard expects to ramp up hiring in 2017.

NOW WHAT?

According to this report, these new laws were ordered drawn up this past year by the Security Council who tasked famed economist Sergei Glazyev with devising what is being labeled as a “Weaponized Default” and Russia’s “ultimate answer” to Western aggression and orders all Federation companies, both public and private, to immediately cease paying over $700 billion in loan payments to any bank having a nationality, or even branches, in any country currently having sanctions, or threatening sanctions, against Russia.    

Once these “Weaponized Default” laws are enacted, this report continues, they would serve as payback for the twin Western manipulation of global oil prices and the Russian ruble—the manipulation involved unleashing on the global oil market over five million barrels a day of excess reserve production that were held back by Saudi Arabia, plus derivative manipulation at the New York Mercantile Exchange (NYMEX) crashing the price of oil last year.

To the timing of President Putin submitting these feared “Weaponized Default” laws to the Duma today, this report explains, was due to the grim report given to the Security Council by Economic Development (MoED) Minister Aleksey Ulyukayev warning that the current period of low oil prices may last for decades—and which British experts are now saying could fall to the “doomsday” level of $10 a barrel.

Also spurring President Putin’s timing of submitting these laws to the Duma, this report notes, was the successful opening of the St. Petersburg International Mercantile Exchange (SPIMEX) which will forever de-dollarize Russian oil from the United States global petrodollar system thus breaking America’s hegemony and its ability to finance its wars using other nations money. 

Adding to the growing pushback against the United States petrodollar system and its allies continuing to advocate for global war, this report continues, is China—who this past week ordered all of its banks to cease purchasing US Dollars in its bid to protect its nation and economic interests from these warmongers too.

Though the American “presstitute” mainstream media has failed to allow their citizens to know the full and dreadful impact that President Putin’s new “Weaponized Default” laws will have upon them, this report further states, the same cannot be said of that nations oligarchs—who in the past fortnight alone have caused their stock markets to lose over $1 trillion—and to put that stunning figure in context, it's like wiping out the combined value of the following tech giants: Google (GOOGL, Tech30) ($508 billion), Facebook (FB, Tech30) ($281 billion), Intel (INTC, Tech30) ($154 billion), Netflix (NFLX, Tech30) ($50 billion) and Yahoo (YHOO, Tech30) ($29 billion).

Even more astounding than this massive loss of wealth to the American people holding their retirement and saving monies in stocks and bonds, this report grimly says, was President Obama telling his nations citizens last night that their US economy was doing fine and that his critics were “peddling fiction” — like legendary American stock market guru Art Cashin who yesterday warned that panic in this market “will shock the world” and the Royal Bank of Scotland (RBS) warning all of its elite clients yesterday to “Sell Everything!” and stating: “This is about return of capital, not return on capital. In a crowded hall, exit doors are small.”

 

To the only Americans that will be protected in this “economic cyclone” enveloping the Western world, this report further notes, are their elite oligarchs who have had gifted to them by the Obama regime a separate tax structure designed to protect their billions—while the rest of the American people will be left competing for jobs in the only industry the United States is now the unquestioned global leader of—prisons, and that have become so morally corrupt the Obama regime even had passed a new law mandating that at least 34,000 ‘illegal’s’ have to be behind bars everyday to benefit that nations private jailing companies profits.

With Russia being the world’s largest oil producer, this report continues, fully 75% of its oil can be exported which President Putin’s new “Weaponized Default” laws will protect no matter how low the price of oil goes—but the same cannot be said of the Obama regime backed barbaric Middle Eastern ally Saudi Arabia whose despotic de facto leader, Deputy Crown Prince Mohammed bin Salman, has not only brought his nation to brink of ruin—its soon collapsing will, undoubtedly, cause the Western nations to unleash a new set of oil wars too.

But before the West embarks upon these new oil wars, this report concludes, they should first re-familiarize themselves with their own history—and as recently detailed by the American foreign policy writer Michael Peck who in his article 5 Oil Wars that Ended in Disaster succinctly warned:

“For the last hundred years, oil has been a frequent reason for war. Nations have fought wars, or shaped their military strategy during a war, to conquer oil fields or prevent rivals from controlling the commodity that is the lifeblood of industrial economies and modern militaries.

But what good is capturing an oil field when you wreck your country in the process? Several nations have learned the hard way that the price for capturing oil can be much greater than its value.

For the American leaders, and plenty of others throughout history, the price of oil indeed proved to be higher than any could imagine.”

January 13, 2016 © EU and US all rights reserved.  Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.

Ramey comments:

It would seem the global meltdown has begun.  How long will it take for this to play out?  We aren't privvy to that information at this time.  If we were, then we wouldn't need to watch would we?  We know time is very short when Damascus becomes a ruinous heap.  We know when the abomination of desolation stands in the Holy Place, the end of Israel is imminent.  But since the "...whole world is deceived", (Rev12:9), how many know where to look for the abomination?  We live in a dark world where history has been replaced with myth.  We live in a world where truth (for the vast majority) is undefined.  We live in the time of the end of the age when the baton of rulership of planet earth is about to be passed.  (See Daniel 7:13-14). 

We are rapidly approaching when the Kingdom is about to be set up in the Jerusalem area that will expand to take in the whole earth.  This is not easy to get your arms around because we have no reference points for it.  We only have the assurance of the prophets that it is about to happen.