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.
1 KINGS 10:13-14
13 And king Solomon gave unto the queen of Sheba all her desire, whatsoever she asked, beside that which Solomon gave her of his royal bounty. So she turned and went to her own country, she and her servants.
14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,
GENESIS 49:16-17
16 Dan shall judge his people, as one of the tribes of Israel.
17 Dan shall be a serpent by the way, an adder in the path, that biteth the horse heels, so that his rider shall fall backward.
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://ift.tt/1Nhezbu
CURRENCIES
http://ift.tt/1KhcsPw
COMMODITIES
http://ift.tt/1Y1uPlQ
UPDATE-FEBRUARY 15,2016-12:00AM-DOW ON HOLIDAY TODAY-TSX STATS
DOW MARKET MONDAY-FEB 15,2016
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
HIGH LOW
1 Day, Magnitude 2.5+ Worldwide
32 earthquakes - DownloadUpdated: 2016-02-15 00:46:59 UTCShowing event times using UTC32 earthquakes in map area
2.8 1km WNW of Concord, California 2016-02-15 00:17:24 UTC 16.7 km
4.8 51km NE of Yonakuni, Japan 2016-02-14 19:12:22 UTC 44.0 km
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.
1 KINGS 10:13-14
13 And king Solomon gave unto the queen of Sheba all her desire, whatsoever she asked, beside that which Solomon gave her of his royal bounty. So she turned and went to her own country, she and her servants.
14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,
GENESIS 49:16-17
16 Dan shall judge his people, as one of the tribes of Israel.
17 Dan shall be a serpent by the way, an adder in the path, that biteth the horse heels, so that his rider shall fall backward.
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://ift.tt/1Nhezbu
CURRENCIES
http://ift.tt/1KhcsPw
COMMODITIES
http://ift.tt/1Y1uPlQ
UPDATE-FEBRUARY 15,2016-12:00AM-DOW ON HOLIDAY TODAY-TSX STATS
DOW MARKET MONDAY-FEB 15,2016
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
HIGH LOW
Currency Dilemma Looms for PBOC After Holiday-Robin Ganguly-Lilian Karunungan-February 14, 2016 — 11:00 AM EST-BLOOMBERG
China’s central bank faces a difficult choice. Raising the yuan fixing on Monday to match last week’s dollar drop would undo much of the benefits of January’s depreciation. Any overt weakening bias after the week-long holiday risks worsening global market turmoil.The monetary authority will probably choose the middle road and boost the daily reference rate slightly, according to Credit Suisse Group AG, which expects a fixing of around 6.52 to the dollar. That translates to a gain of 0.17 percent from Feb. 5, compared with a 0.9 percent retreat in a measure of the greenback. The offshore currency strengthened about 0.5 percent while China was on the Lunar New Year break.“They have to take into consideration the big drop in the dollar while they were away,” said Nizam Idris, head of foreign-exchange and fixed-income strategy at Macquarie Bank Ltd. in Singapore. “But unfortunately for China, they’ve made it such that the market tends to read the fixing as a signaling tool, and that makes Monday’s reference rate very important.”The People’s Bank of China has to tread a fine line between boosting the slowest economic growth in 25 years and avoiding a depreciation sharp enough to trigger capital outflows and a currency war. Foreign-exchange reserves fell $99.5 billion in January, the second-biggest drop on record, as the PBOC limited the yuan’s decline. Data scheduled to be released Monday will probably show exports contracted for the seventh straight month, making the case for a strong currency more difficult.-Outflow Risk-PBOC Governor Zhou Xiaochuan said there’s no basis for continued depreciation of the yuan because the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview published Saturday in Caixin magazine.The onshore yuan has declined 1.2 percent this year, adding to the risk of further outflows. An estimated $1 trillion of funds left the country in 2015, more than seven times the amount of the previous year, as the yuan plunged 4.5 percent. This came as the PBOC devalued the currency on Aug. 11 in a move that rattled global markets and sent equities and commodities into a tailspin.The monetary authority has stepped up efforts to stem the exodus, warning speculators that they will be punished. It intervened in the Hong Kong market last month after the yuan’s offshore exchange rate sank to a record discount to the onshore rate. Apart from selling dollars, the monetary authority also gave guidance to some Chinese lenders in the city to suspend yuan lending to curb short selling, a move that contributed to the overnight interbank lending rate surging to an all-time high of 66.8 percent on Jan. 12.-’Plan Unchanged’-“We do not expect the fix to be too strong over the course of the week as they don’t want a strong currency in general,” said Roy Teo, Singapore-based senior currency strategist at ABN Amro Bank NV, which Bloomberg data show had the most-accurate forecasts for the yuan last year. “Their plan, which has not changed and will not change, is basically to have a gradual depreciation of the currency against a trade-weighted basket. They will move along with the flow but there will not be too strong a yuan.”Teo was referring to the CFETS RMB Index, which the PBOC unveiled in December while saying that the yuan’s performance shouldn’t be measured against the dollar alone. The basket is composed of 13 currencies, with weightings based mainly on international trade. The dollar has the largest share with 26.4 percent, followed by the euro and the yen with 21.4 percent and 14.7 percent, respectively.-Limited Room-Authorities can keep the exchange rate basically stable against the basket because the nation has ample currency reserves and a solid financial system, the China Foreign Exchange Trade System said earlier this month. The nation needs to keep the yuan steady to limit outflows, according to Goldman Sachs Group Inc. Policy makers are learning that they have very limited room to maneuver and that yuan weakness can be counterproductive, strategists led by Robin Brooks wrote in a note.“I doubt they are going to rock the boat with a weaker fixing,” said Tommy Xie, a Singapore-based economist at Oversea-Chinese Banking Corp. “I expect a slightly stronger reference rate on Monday because of the weakness we saw in the dollar.”
PBOC's Zhou Breaks His Long Silence-Enda Curran-February 14, 2016 — 11:00 AM EST-BLOOMBERG
China’s central bank has stepped up efforts to restore stability to the nation’s currency and economy, with Governor Zhou Xiaochuan breaking his long silence to say there’s no basis for continued yuan depreciation.The nation’s balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, Zhou said in an interview published Saturday in Caixin magazine. That’s an escalation in verbal support after such comments have been left in recent months to deputies and the central bank research department’s chief economist.Zhou dismissed speculation that China plans to tighten capital controls and said there’s no need to worry about a short-term decline in foreign-exchange reserves. The country has ample holdings for payments and to defend stability, he said."He’s desperately trying to make sure that all of his work in the past few years on capital liberalization does not go to waste," said Victor Shih, a professor at the University of California at San Diego who studies China’s politics and finance. "He’s trying hard to instill investor confidence in the renminbi so that the Chinese government does not have to resort to the extreme measure of unwinding all of the progress on offshore renminbi in the past few years."The comments come as Chinese financial markets prepare to reopen Monday after the week-long Lunar New Year holiday. The weakening exchange rate and declining Chinese share markets have fueled global turmoil and helped send world stocks to their lowest levels in more than two years.-Ample Liquidity-Lost amid the angst over China’s stocks, currency and sliding foreign exchange reserves is the flush liquidity situation at home. The People’s Bank of China has been putting its money where its mouth is, pumping cash into the financial system to offset record capital outflows amid fears the yuan could weaken further.Data due Monday is expected to show China’s broadest measure of new credit surged in January on a seasonal uptick in lending, and as companies borrowed to pay off foreign debt. Aggregate financing likely grew 2.2 trillion yuan ($335 billion), according to the median forecast of a Bloomberg survey of economists.Bloomberg’s China Monetary Conditions Index, a gauge that includes inflation-adjusted interest rates and the exchange rate, has been improving since June. Past episodes of improvement have presaged either an acceleration in economic growth, or a stabilization.Even as foreign exchange reserves have declined since mid 2014 -- to a four-year low of $3.23 trillion in January -- M1 money supply has continued to rise.-Cash Injections-The central bank has turned to cash injections instead of cutting benchmark interest rates, as cuts could further exacerbate capital outflows. Net injections have totaled more than 1 trillion yuan since mid-January, or about the same as a 1 percentage point cut to banks’ required reserve ratios -- the traditional way to boost liquidity. The difference is that injections are temporary and can be scaled back if policy makers don’t roll over lending facilities, whereas a RRR cut is more permanent."The actions taken already arguably have taken away the need for an immediate ‘announcement event’ of a reserve ratio cut, which could have hit sentiment towards the yuan further," said David Mann, chief Asia economist at Standard Chartered Plc.China has no incentive to depreciate the currency to boost net exports, and there’s no direct link between the nation’s gross domestic product and its exchange rate, Zhou said in the Caixin interview. Capital outflows need not be capital flight, and it would be hard to implement tighter controls because of the size of global trade, the movement of people and the number of Chinese living abroad, he added.The country will not peg the yuan to a basket of currencies but rather will seek to rely more on a basket for reference and try to manage daily volatility versus the dollar, Zhou said. The bank also will use a wider range of macro-economic data to determine the exchange rate, he said.Packed Cinemas-Meantime, China’s economy continues to give mixed signals. While areas like consumption and services show signs of holding up, the manufacturing sector remains in the doldrums. Trade numbers due Monday are expected to show that exports fell 1.8 percent in U.S. dollar terms in January from a year earlier, while imports dropped 3.6 percent.Retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box-office sales, the country’s Ministry of Commerce said in a statement Saturday.A fuller reading on how China’s economy has started 2016 won’t be available until next month, when fresh readings on retail sales, investment and industrial output are due."The flush monetary condition is expected to help buffer the acute downside risk in the Chinese economy," said Andy Ji, a Singapore-based foreign-exchange strategist and economist at Commonwealth Bank of Australia.
Five Countries Being Squeezed by Currency Pegs-Maria Levitov-February 14, 2016 — 4:00 PM EST-BLOOMBERG
Only on the streets of cities like Cairo, Abuja or Tashkent can you gauge just how much pressure developing countries are under to ease controls on their currencies.Individuals and businesses in five nations across central Asia, the Middle East and Africa are paying anywhere from 4 percent to 136 percent more than official exchange rates to get their hands on dollars, according to a Bloomberg survey. So-called black markets flourish at times when there’s a shortage of greenbacks and are one indicator of how much a currency should be allowed to depreciate to reach its fair value.Central banks that uphold pegs have been under strain after tumbling commodity prices and slowing global growth weakened currencies from Brazil to Russia by at least 19 percent in the past year. In the four months that followed China’s shock devaluation of the yuan in August, Kazakhstan, Argentina and Azerbaijan abandoned control of their exchange rates to boost competitiveness and avoid draining reserves.“There is enormous pressure on some of the pegs in emerging markets, with the unofficial rate diverging significantly from the official one,” said Bernd Berg, an emerging-markets strategist at Societe Generale SA in London. “Countries like Nigeria are maintaining fixed exchange rates that are unsustainable. Once the pegs break, investors in the local currency face significant losses.”In Argentina’s case, the move to a free float in December eliminated the 4.2-peso gap between the official and black market rates. In the months prior to the move, it cost as much as 50 percent more to buy the currency on the street than at the central bank rate.That premium is similar to what currency vendors in Nigeria’s capital Abuja are charging for dollars now, while hawkers in Tashkent are demanding more than double to convert the Uzbeki soum. The cost to buy the U.S. currency in unregulated trading in Egypt keeps rising even after the central bank devalued the pound three times last year.The street rate “is a better reflection of where a market-based rate should be," said Simon Quijano-Evans, the chief emerging-markets strategist at Commerzbank AG in London. It shows “how domestic participants and individuals really feel about their currencies,” he said.The existence of a black market isn’t the only indicator that a country may be on the verge of changing currency policy. There wasn’t a parallel rate in Kazakhstan when the country relinquished control of the tenge to boost competitiveness for its goods in neighboring China and Russia.Below is a selection of countries where thriving unregulated trading may be forcing central banks to reassess currency policy as oil prices trade near 12-year lows, unrest in the Middle East chokes revenue from tourism and devaluations in key export markets hurt trade. To see the countries on a map, click here.-Nigeria-Currency: naira-Since Africa’s biggest crude producer started managing the naira at 197-199 per dollar in March 2015, oil prices tumbled more than 40 percent. Under these pressures, central bank reserves fell to $28 billion this month, the lowest in at least five years, while an executive director at the nation’s biggest company, Dangote Group, said last week the currency policy has created an “extremely tight” supply of foreign exchange. Non-deliverable forwards predict the naira will drop another 30 percent from the official rate to 288 in 12 months, approaching the black market level that exceeds 300 per dollar. -Angola-Currency: kwanza-The stress may be even greater further south in the continent’s second-largest oil producer. Angola has been reducing the amount of foreign exchange it makes available to banks and businesses over the past two years to stem the drain on reserves that fell to the lowest levels since 2011 last year. The central bank let the kwanza depreciate 24 percent in 2015 and another 15 percent last month. But that may not be enough, with hawkers selling the currency at a premium of 136 percent to the official rate at 161 on Friday.-Egypt-Currency: pound-Egypt’s ability to defend the currency with reserves has been crippled since the so-called Arab Spring uprising five years ago triggered political instability, drove out foreign investors and curbed tourism, one of the country’s biggest sources of hard currency. The pound, which has fallen 26 percent since the end of 2010, is still under pressure as street vendors in Cairo charge 8.75 to buy dollars, compared with an official rate of 7.83. Since taking over as central bank governor in November, Tarek Amer has sought to shore up confidence in the pound in part by paying foreign stock and bond investors the money owed to them that had been trapped in the country and by limiting some imports.-Uzbekistan-Currency: soum-A slowdown in China and a plunge in the currencies of Russia and Kazakhstan, Uzbekistan’s biggest export markets, are weighing on the central Asian economy. While low external debt and “large” international reserves provide a cushion, Uzbekistan is likely to allow the soum to weaken at least 15 percent this year to restore competitiveness, according to Per Hammarlund, chief emerging-market strategist at SEB SA in Stockholm. The black market rate of 5,950 in soum is more than double the official level at a record-low 2,837, according to data compiled by Bloomberg and the American Chamber of Commerce in the country. The central bank let the exchange rate slide 13 percent in 2015, compared with drops of 20 percent for the ruble and 46 percent for the tenge.-Tajikistan-Currency: somoni-This country of 8 million people borders Uzbekistan, Kyrgyzstan, China and Afghanistan in the heart of Central Asia. It relies on remittances from workers abroad, notably in Russia, for about half of its gross domestic product, according to SEB’s Hammarlund, who predicted the somoni will depreciate by about 30 percent against the ruble in the coming months. The Tajik currency dropped 25 percent last year and trades at 7.84 per dollar, compared with an unofficial rate of 8.15, according to data compiled by Bloomberg and figures from the American Chamber of Commerce in the capital Dushanbe.
Japan's 'Abenomics' on the ropes as yen soars, markets plunge-AFP By Hiroshi Hiyama-FEB 14,16-YAHOONEWS
Japan's bid to revive its once-soaring economy is on the ropes as an equity market bloodbath and resurgent yen threaten to knock Prime Minister Shinzo Abe's growth plan to the canvas.Abe met with his hand-picked central bank chief Haruhiko Kuroda for an emergency meeting Friday amid huge volatility on global markets, which is wiping out the gains Abenomics has achieved since the premier swept to power in late 2012.All eyes will be on Japan's fourth-quarter GDP data on Monday with many economists expecting a contraction of about 0.7 percent in the world's number three economy.That could deal a near fatal blow to Abe's easy money policies, which he hailed as the answer to beating the deflation blamed for holding back growth in the fast-ageing nation, analysts warned."The risk is not that Japan faces an imminent financial crisis or that the Abe administration could collapse, but rather that the government's economic programme simply fails to achieve its goals," said Tobias Harris, political risk analyst at consultancy Teneo.That would leave "Japan no more capable of reckoning with the implications of demographic decline than before Abe took power".Abe's plan -- big government spending, central bank monetary easing and reforms to the highly regulated economy -- appeared to bear fruit at first.The yen weakened sharply, which boosted Japanese exporters' profits and sparked a huge stock market rally that bolstered Abe's claim that "Japan is back".But sustained growth in the economy has been elusive and Abe's efforts to overhaul the economy have been widely criticised as half-hearted."(The plan) actually worked, but now it is moving in reverse," said Takuji Okubo, director of Japan Macro Advisors in Tokyo."Policymakers are not really helping to make Japan robust enough so that the economy can actually sustain growth... They have basically failed and need to bear the blame".- 'Limited impact' -Japan's benchmark Nikkei 225 is down about 30 percent from its summer highs, while the yen soared nearly four percent on the dollar this week.Tokyo appears to have little ability to control the yen, which jumped as traders bet on currencies seen as safe in times of turmoil.The huge forex moves have sparked speculation that the central bank will intervene in markets for the first time since 2011 to stem the yen's rise -- just weeks after the BoJ adopted a widely-panned negative interest rate policy.The shock move was aimed at penalising banks for storing excess reserves at the BoJ rather than making loans which could boost growth.But many observers disparaged the move as desperate, while the yen soared on the back of fears about a slowdown in the global economy, marking a serious threat to Japan Inc.'s bottom line.That in turn could dash Abe's hopes the companies that benefited most from his policies will lift employee wages during the annual spring labour talks."The negative response to the BoJ's (negative rate) decision threatens gains made since Prime Minister Shinzo Abe returned to power in December 2012," Harris said, of the two-time premier whose first term ended ingloriously in 2007."To the extent that the stronger yen is driven by external factors –- slowing growth in China and its impact on emerging markets, and weak demand in other advanced economies –- any additional measures undertaken by the Abe administration or the BoJ may at best have a limited impact."Tokyo is calling on cautious firms to raise pay so workers have more money in their pocket to spend, which would drive inflation toward the BoJ's ambitious two-percent target.But few seem willing to answer those calls and a shrinking economy could deal a death blow to Tokyo's spending hopes altogether."Businesses have already begun cutting profit forecasts, a trend that could continue as the yen strengthens," Harris warned.Now, Abe must decide whether to follow through on another consumption tax rise next year, seen as critical to containing Japan's massive national debt.A tax hike could further damage consumer spending, as doubts about Abenomics mount.In a recent survey by the influential Nikkei newspaper, 42 percent of responders said they did not approve of Abe's growth plan, against 37 percent who did."Although a recession is not our main scenario, we expect the Japanese economy to stay lacklustre in 2016," BNP Paribas said in a commentary.
China’s central bank faces a difficult choice. Raising the yuan fixing on Monday to match last week’s dollar drop would undo much of the benefits of January’s depreciation. Any overt weakening bias after the week-long holiday risks worsening global market turmoil.The monetary authority will probably choose the middle road and boost the daily reference rate slightly, according to Credit Suisse Group AG, which expects a fixing of around 6.52 to the dollar. That translates to a gain of 0.17 percent from Feb. 5, compared with a 0.9 percent retreat in a measure of the greenback. The offshore currency strengthened about 0.5 percent while China was on the Lunar New Year break.“They have to take into consideration the big drop in the dollar while they were away,” said Nizam Idris, head of foreign-exchange and fixed-income strategy at Macquarie Bank Ltd. in Singapore. “But unfortunately for China, they’ve made it such that the market tends to read the fixing as a signaling tool, and that makes Monday’s reference rate very important.”The People’s Bank of China has to tread a fine line between boosting the slowest economic growth in 25 years and avoiding a depreciation sharp enough to trigger capital outflows and a currency war. Foreign-exchange reserves fell $99.5 billion in January, the second-biggest drop on record, as the PBOC limited the yuan’s decline. Data scheduled to be released Monday will probably show exports contracted for the seventh straight month, making the case for a strong currency more difficult.-Outflow Risk-PBOC Governor Zhou Xiaochuan said there’s no basis for continued depreciation of the yuan because the balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, according to an interview published Saturday in Caixin magazine.The onshore yuan has declined 1.2 percent this year, adding to the risk of further outflows. An estimated $1 trillion of funds left the country in 2015, more than seven times the amount of the previous year, as the yuan plunged 4.5 percent. This came as the PBOC devalued the currency on Aug. 11 in a move that rattled global markets and sent equities and commodities into a tailspin.The monetary authority has stepped up efforts to stem the exodus, warning speculators that they will be punished. It intervened in the Hong Kong market last month after the yuan’s offshore exchange rate sank to a record discount to the onshore rate. Apart from selling dollars, the monetary authority also gave guidance to some Chinese lenders in the city to suspend yuan lending to curb short selling, a move that contributed to the overnight interbank lending rate surging to an all-time high of 66.8 percent on Jan. 12.-’Plan Unchanged’-“We do not expect the fix to be too strong over the course of the week as they don’t want a strong currency in general,” said Roy Teo, Singapore-based senior currency strategist at ABN Amro Bank NV, which Bloomberg data show had the most-accurate forecasts for the yuan last year. “Their plan, which has not changed and will not change, is basically to have a gradual depreciation of the currency against a trade-weighted basket. They will move along with the flow but there will not be too strong a yuan.”Teo was referring to the CFETS RMB Index, which the PBOC unveiled in December while saying that the yuan’s performance shouldn’t be measured against the dollar alone. The basket is composed of 13 currencies, with weightings based mainly on international trade. The dollar has the largest share with 26.4 percent, followed by the euro and the yen with 21.4 percent and 14.7 percent, respectively.-Limited Room-Authorities can keep the exchange rate basically stable against the basket because the nation has ample currency reserves and a solid financial system, the China Foreign Exchange Trade System said earlier this month. The nation needs to keep the yuan steady to limit outflows, according to Goldman Sachs Group Inc. Policy makers are learning that they have very limited room to maneuver and that yuan weakness can be counterproductive, strategists led by Robin Brooks wrote in a note.“I doubt they are going to rock the boat with a weaker fixing,” said Tommy Xie, a Singapore-based economist at Oversea-Chinese Banking Corp. “I expect a slightly stronger reference rate on Monday because of the weakness we saw in the dollar.”
PBOC's Zhou Breaks His Long Silence-Enda Curran-February 14, 2016 — 11:00 AM EST-BLOOMBERG
China’s central bank has stepped up efforts to restore stability to the nation’s currency and economy, with Governor Zhou Xiaochuan breaking his long silence to say there’s no basis for continued yuan depreciation.The nation’s balance of payments is good, capital outflows are normal and the exchange rate is basically stable against a basket of currencies, Zhou said in an interview published Saturday in Caixin magazine. That’s an escalation in verbal support after such comments have been left in recent months to deputies and the central bank research department’s chief economist.Zhou dismissed speculation that China plans to tighten capital controls and said there’s no need to worry about a short-term decline in foreign-exchange reserves. The country has ample holdings for payments and to defend stability, he said."He’s desperately trying to make sure that all of his work in the past few years on capital liberalization does not go to waste," said Victor Shih, a professor at the University of California at San Diego who studies China’s politics and finance. "He’s trying hard to instill investor confidence in the renminbi so that the Chinese government does not have to resort to the extreme measure of unwinding all of the progress on offshore renminbi in the past few years."The comments come as Chinese financial markets prepare to reopen Monday after the week-long Lunar New Year holiday. The weakening exchange rate and declining Chinese share markets have fueled global turmoil and helped send world stocks to their lowest levels in more than two years.-Ample Liquidity-Lost amid the angst over China’s stocks, currency and sliding foreign exchange reserves is the flush liquidity situation at home. The People’s Bank of China has been putting its money where its mouth is, pumping cash into the financial system to offset record capital outflows amid fears the yuan could weaken further.Data due Monday is expected to show China’s broadest measure of new credit surged in January on a seasonal uptick in lending, and as companies borrowed to pay off foreign debt. Aggregate financing likely grew 2.2 trillion yuan ($335 billion), according to the median forecast of a Bloomberg survey of economists.Bloomberg’s China Monetary Conditions Index, a gauge that includes inflation-adjusted interest rates and the exchange rate, has been improving since June. Past episodes of improvement have presaged either an acceleration in economic growth, or a stabilization.Even as foreign exchange reserves have declined since mid 2014 -- to a four-year low of $3.23 trillion in January -- M1 money supply has continued to rise.-Cash Injections-The central bank has turned to cash injections instead of cutting benchmark interest rates, as cuts could further exacerbate capital outflows. Net injections have totaled more than 1 trillion yuan since mid-January, or about the same as a 1 percentage point cut to banks’ required reserve ratios -- the traditional way to boost liquidity. The difference is that injections are temporary and can be scaled back if policy makers don’t roll over lending facilities, whereas a RRR cut is more permanent."The actions taken already arguably have taken away the need for an immediate ‘announcement event’ of a reserve ratio cut, which could have hit sentiment towards the yuan further," said David Mann, chief Asia economist at Standard Chartered Plc.China has no incentive to depreciate the currency to boost net exports, and there’s no direct link between the nation’s gross domestic product and its exchange rate, Zhou said in the Caixin interview. Capital outflows need not be capital flight, and it would be hard to implement tighter controls because of the size of global trade, the movement of people and the number of Chinese living abroad, he added.The country will not peg the yuan to a basket of currencies but rather will seek to rely more on a basket for reference and try to manage daily volatility versus the dollar, Zhou said. The bank also will use a wider range of macro-economic data to determine the exchange rate, he said.Packed Cinemas-Meantime, China’s economy continues to give mixed signals. While areas like consumption and services show signs of holding up, the manufacturing sector remains in the doldrums. Trade numbers due Monday are expected to show that exports fell 1.8 percent in U.S. dollar terms in January from a year earlier, while imports dropped 3.6 percent.Retail sales over the Spring Festival holiday rose 11.2 percent from the same vacation period a year earlier, with cinemas posting sharp increases in box-office sales, the country’s Ministry of Commerce said in a statement Saturday.A fuller reading on how China’s economy has started 2016 won’t be available until next month, when fresh readings on retail sales, investment and industrial output are due."The flush monetary condition is expected to help buffer the acute downside risk in the Chinese economy," said Andy Ji, a Singapore-based foreign-exchange strategist and economist at Commonwealth Bank of Australia.
Five Countries Being Squeezed by Currency Pegs-Maria Levitov-February 14, 2016 — 4:00 PM EST-BLOOMBERG
Only on the streets of cities like Cairo, Abuja or Tashkent can you gauge just how much pressure developing countries are under to ease controls on their currencies.Individuals and businesses in five nations across central Asia, the Middle East and Africa are paying anywhere from 4 percent to 136 percent more than official exchange rates to get their hands on dollars, according to a Bloomberg survey. So-called black markets flourish at times when there’s a shortage of greenbacks and are one indicator of how much a currency should be allowed to depreciate to reach its fair value.Central banks that uphold pegs have been under strain after tumbling commodity prices and slowing global growth weakened currencies from Brazil to Russia by at least 19 percent in the past year. In the four months that followed China’s shock devaluation of the yuan in August, Kazakhstan, Argentina and Azerbaijan abandoned control of their exchange rates to boost competitiveness and avoid draining reserves.“There is enormous pressure on some of the pegs in emerging markets, with the unofficial rate diverging significantly from the official one,” said Bernd Berg, an emerging-markets strategist at Societe Generale SA in London. “Countries like Nigeria are maintaining fixed exchange rates that are unsustainable. Once the pegs break, investors in the local currency face significant losses.”In Argentina’s case, the move to a free float in December eliminated the 4.2-peso gap between the official and black market rates. In the months prior to the move, it cost as much as 50 percent more to buy the currency on the street than at the central bank rate.That premium is similar to what currency vendors in Nigeria’s capital Abuja are charging for dollars now, while hawkers in Tashkent are demanding more than double to convert the Uzbeki soum. The cost to buy the U.S. currency in unregulated trading in Egypt keeps rising even after the central bank devalued the pound three times last year.The street rate “is a better reflection of where a market-based rate should be," said Simon Quijano-Evans, the chief emerging-markets strategist at Commerzbank AG in London. It shows “how domestic participants and individuals really feel about their currencies,” he said.The existence of a black market isn’t the only indicator that a country may be on the verge of changing currency policy. There wasn’t a parallel rate in Kazakhstan when the country relinquished control of the tenge to boost competitiveness for its goods in neighboring China and Russia.Below is a selection of countries where thriving unregulated trading may be forcing central banks to reassess currency policy as oil prices trade near 12-year lows, unrest in the Middle East chokes revenue from tourism and devaluations in key export markets hurt trade. To see the countries on a map, click here.-Nigeria-Currency: naira-Since Africa’s biggest crude producer started managing the naira at 197-199 per dollar in March 2015, oil prices tumbled more than 40 percent. Under these pressures, central bank reserves fell to $28 billion this month, the lowest in at least five years, while an executive director at the nation’s biggest company, Dangote Group, said last week the currency policy has created an “extremely tight” supply of foreign exchange. Non-deliverable forwards predict the naira will drop another 30 percent from the official rate to 288 in 12 months, approaching the black market level that exceeds 300 per dollar. -Angola-Currency: kwanza-The stress may be even greater further south in the continent’s second-largest oil producer. Angola has been reducing the amount of foreign exchange it makes available to banks and businesses over the past two years to stem the drain on reserves that fell to the lowest levels since 2011 last year. The central bank let the kwanza depreciate 24 percent in 2015 and another 15 percent last month. But that may not be enough, with hawkers selling the currency at a premium of 136 percent to the official rate at 161 on Friday.-Egypt-Currency: pound-Egypt’s ability to defend the currency with reserves has been crippled since the so-called Arab Spring uprising five years ago triggered political instability, drove out foreign investors and curbed tourism, one of the country’s biggest sources of hard currency. The pound, which has fallen 26 percent since the end of 2010, is still under pressure as street vendors in Cairo charge 8.75 to buy dollars, compared with an official rate of 7.83. Since taking over as central bank governor in November, Tarek Amer has sought to shore up confidence in the pound in part by paying foreign stock and bond investors the money owed to them that had been trapped in the country and by limiting some imports.-Uzbekistan-Currency: soum-A slowdown in China and a plunge in the currencies of Russia and Kazakhstan, Uzbekistan’s biggest export markets, are weighing on the central Asian economy. While low external debt and “large” international reserves provide a cushion, Uzbekistan is likely to allow the soum to weaken at least 15 percent this year to restore competitiveness, according to Per Hammarlund, chief emerging-market strategist at SEB SA in Stockholm. The black market rate of 5,950 in soum is more than double the official level at a record-low 2,837, according to data compiled by Bloomberg and the American Chamber of Commerce in the country. The central bank let the exchange rate slide 13 percent in 2015, compared with drops of 20 percent for the ruble and 46 percent for the tenge.-Tajikistan-Currency: somoni-This country of 8 million people borders Uzbekistan, Kyrgyzstan, China and Afghanistan in the heart of Central Asia. It relies on remittances from workers abroad, notably in Russia, for about half of its gross domestic product, according to SEB’s Hammarlund, who predicted the somoni will depreciate by about 30 percent against the ruble in the coming months. The Tajik currency dropped 25 percent last year and trades at 7.84 per dollar, compared with an unofficial rate of 8.15, according to data compiled by Bloomberg and figures from the American Chamber of Commerce in the capital Dushanbe.
Japan's 'Abenomics' on the ropes as yen soars, markets plunge-AFP By Hiroshi Hiyama-FEB 14,16-YAHOONEWS
Japan's bid to revive its once-soaring economy is on the ropes as an equity market bloodbath and resurgent yen threaten to knock Prime Minister Shinzo Abe's growth plan to the canvas.Abe met with his hand-picked central bank chief Haruhiko Kuroda for an emergency meeting Friday amid huge volatility on global markets, which is wiping out the gains Abenomics has achieved since the premier swept to power in late 2012.All eyes will be on Japan's fourth-quarter GDP data on Monday with many economists expecting a contraction of about 0.7 percent in the world's number three economy.That could deal a near fatal blow to Abe's easy money policies, which he hailed as the answer to beating the deflation blamed for holding back growth in the fast-ageing nation, analysts warned."The risk is not that Japan faces an imminent financial crisis or that the Abe administration could collapse, but rather that the government's economic programme simply fails to achieve its goals," said Tobias Harris, political risk analyst at consultancy Teneo.That would leave "Japan no more capable of reckoning with the implications of demographic decline than before Abe took power".Abe's plan -- big government spending, central bank monetary easing and reforms to the highly regulated economy -- appeared to bear fruit at first.The yen weakened sharply, which boosted Japanese exporters' profits and sparked a huge stock market rally that bolstered Abe's claim that "Japan is back".But sustained growth in the economy has been elusive and Abe's efforts to overhaul the economy have been widely criticised as half-hearted."(The plan) actually worked, but now it is moving in reverse," said Takuji Okubo, director of Japan Macro Advisors in Tokyo."Policymakers are not really helping to make Japan robust enough so that the economy can actually sustain growth... They have basically failed and need to bear the blame".- 'Limited impact' -Japan's benchmark Nikkei 225 is down about 30 percent from its summer highs, while the yen soared nearly four percent on the dollar this week.Tokyo appears to have little ability to control the yen, which jumped as traders bet on currencies seen as safe in times of turmoil.The huge forex moves have sparked speculation that the central bank will intervene in markets for the first time since 2011 to stem the yen's rise -- just weeks after the BoJ adopted a widely-panned negative interest rate policy.The shock move was aimed at penalising banks for storing excess reserves at the BoJ rather than making loans which could boost growth.But many observers disparaged the move as desperate, while the yen soared on the back of fears about a slowdown in the global economy, marking a serious threat to Japan Inc.'s bottom line.That in turn could dash Abe's hopes the companies that benefited most from his policies will lift employee wages during the annual spring labour talks."The negative response to the BoJ's (negative rate) decision threatens gains made since Prime Minister Shinzo Abe returned to power in December 2012," Harris said, of the two-time premier whose first term ended ingloriously in 2007."To the extent that the stronger yen is driven by external factors –- slowing growth in China and its impact on emerging markets, and weak demand in other advanced economies –- any additional measures undertaken by the Abe administration or the BoJ may at best have a limited impact."Tokyo is calling on cautious firms to raise pay so workers have more money in their pocket to spend, which would drive inflation toward the BoJ's ambitious two-percent target.But few seem willing to answer those calls and a shrinking economy could deal a death blow to Tokyo's spending hopes altogether."Businesses have already begun cutting profit forecasts, a trend that could continue as the yen strengthens," Harris warned.Now, Abe must decide whether to follow through on another consumption tax rise next year, seen as critical to containing Japan's massive national debt.A tax hike could further damage consumer spending, as doubts about Abenomics mount.In a recent survey by the influential Nikkei newspaper, 42 percent of responders said they did not approve of Abe's growth plan, against 37 percent who did."Although a recession is not our main scenario, we expect the Japanese economy to stay lacklustre in 2016," BNP Paribas said in a commentary.
EARTHQUAKES
EZEKIEL 37:7,11-14
7 So I prophesied as I was commanded: and as I prophesied, there was a noise, and behold a shaking, and the bones came together, bone to his bone.(POSSIBLE QUAKE BRINGS ISRAEL BACK TO LIFE-SO NOISE AND SHAKING-QUAKES WILL ALSO DESTROY ISRAELS ENEMIES)
11 Then he said unto me, Son of man, these bones are the whole house of Israel: behold, they say, Our bones are dried, and our hope is lost: we are cut off for our parts.
12 Therefore prophesy and say unto them, Thus saith the Lord GOD; Behold, O my people, I will open your graves, and cause you to come up out of your graves, and bring you into the land of Israel.
13 And ye shall know that I am the LORD, when I have opened your graves, O my people, and brought you up out of your graves,
14 And shall put my spirit in you, and ye shall live, and I shall place you in your own land: then shall ye know that I the LORD have spoken it, and performed it, saith the LORD.
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places,(DIFFERNT PLACES AT THE SAME TIME) and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
UPDATE-FEBRUARY 15, 2016-11:55PM
EZEKIEL 37:7,11-14
7 So I prophesied as I was commanded: and as I prophesied, there was a noise, and behold a shaking, and the bones came together, bone to his bone.(POSSIBLE QUAKE BRINGS ISRAEL BACK TO LIFE-SO NOISE AND SHAKING-QUAKES WILL ALSO DESTROY ISRAELS ENEMIES)
11 Then he said unto me, Son of man, these bones are the whole house of Israel: behold, they say, Our bones are dried, and our hope is lost: we are cut off for our parts.
12 Therefore prophesy and say unto them, Thus saith the Lord GOD; Behold, O my people, I will open your graves, and cause you to come up out of your graves, and bring you into the land of Israel.
13 And ye shall know that I am the LORD, when I have opened your graves, O my people, and brought you up out of your graves,
14 And shall put my spirit in you, and ye shall live, and I shall place you in your own land: then shall ye know that I the LORD have spoken it, and performed it, saith the LORD.
MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.
MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.
LUKE 21:11
11 And great earthquakes shall be in divers places,(DIFFERNT PLACES AT THE SAME TIME) and famines, and pestilences; and fearful sights and great signs shall there be from heaven.
UPDATE-FEBRUARY 15, 2016-11:55PM
1 Day, Magnitude 2.5+ Worldwide
32 earthquakes - DownloadUpdated: 2016-02-15 00:46:59 UTCShowing event times using UTC32 earthquakes in map area
2.8 1km WNW of Concord, California 2016-02-15 00:17:24 UTC 16.7 km
4.8 51km NE of Yonakuni, Japan 2016-02-14 19:12:22 UTC 44.0 km
STOCK MARKET AND EARTHQUAKE NEWS
via EVENTS IN TIME (BIBLE PROPHECY LITERALLY FULFILLED)(BY GOD) http://ift.tt/1PW8uDk
No comments:
Post a Comment