Over the past few weeks, a new piece of equipment has been spotted hanging off the NYSE primary microwave tower. Here it is…
– Meanwhile, Over At The “New York” Stock Exchange… Lasers (ZeroHedge, March 1, 2015):
The last time we looked at the most important tower in the world, about 4 months ago, it looked as follows:
– Art Cashin: “Things Could Theoretically Turn Into What I Call A Lehman Moment” (ZeroHedge, Sep 13, 2014):
Courtesy of Finanz und Wirtschaft, interview by Christoph Gisiger
Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.
From the assassination of President Kennedy via the stock market crash of 1987 and the Fall of the Berlin Wall through to the burst of the dotcom bubble, the terror attacks of 9/11 and the collapse of Lehman Brothers: Art Cashin has experienced all the major world events of the last half century at the floor of the New York Stock Exchange. Currently, the highly respected Wall Street veteran keeps a close eye on the geopolitical tensions in the Middle East and on the situation in Ukraine which reminds him of the Cuban missile crisis «The markets are edgy and nervous», says the Director of Floor Operations for UBS Financial Services while constantly checking the quotation board. Like many traders here, he is somewhat skeptical of the huge stock market rally that started in March 2009. «I think it is a question of the extraordinarily low interest rates», he explains. Continue reading »
– This Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash (Economic Collapse, Aug 13, 2013):
Are we heading for a major stock market decline? Warnings about a crash of the financial markets are quite common these days, and usually they don’t materialize. But this time may be different. A number of top analysts are pointing out the fact that the biggest cluster of “Hindenburg Omens” has appeared since the last stock market crash. And those that have studied this insist that the more “Hindenburg Omens” there are in a cluster, the stronger the signal is. Meanwhile, another very disturbing sign is the fact that the yield on 10 year U.S. Treasuries is starting to soar again. On Tuesday it shot up from 2.62% to 2.727%. As I have written about previously, the yield on 10 year U.S. Treasuries is the most important number in the U.S. economy right now. If that number continues to rise, it is going to be very, very bad news for the financial system.
But before I discuss rising interest rates any further, I want to talk about this unusual cluster of Hindenburg Omens that we have just witnessed. In a previous article, I shared a list of the criteria that are commonly used to determine whether a Hindenburg Omen has appeared or not: Continue reading »
– 18 Signs That Massive Economic Problems Are Erupting All Over The Planet (Economic Collapse, June 2, 2013):
This is no time to be complacent. Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine. In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing. Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer. Just look at what is happening in Europe. The eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control. One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have “kicked the can down the road” by recklessly printing money and by borrowing money at an unprecedented rate. Unfortunately, the “sugar high” produced by those foolish measures is starting to wear off. We are going to experience a massive amount of economic pain along with the rest of the world – it is just a matter of time.
But for the moment, there are a lot of skeptics out there.
For the moment, there are a lot of people that are declaring that the problems of the past have been fixed and that we are heading for incredibly bright economic times ahead.
Unfortunately, those people appear to be purposely ignoring the economic horror that is breaking out all over the globe.
The following are 18 signs that massive economic problems are erupting all over the planet… Continue reading »
Tags: Australia, Ben Bernanke, Collapse, Cyprus, Economy, EU, Europe, Fed, Federal Reserve, France, Global News, Government, Greece, Italy, Japan, Marc Faber, NYSE, Portugal, Quantitative Easing, Riots, Spain, Stock Market, U.S., Unemployment, Wall Street
– S&P Downgrades Berkshire From AA+ To AA, Outlook Negative (ZeroHedge, May 16, 2013):
Obviously with Buffett a major shareholder of Moody’s, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric Holder’s Department of “Justice”, did just that. Continue reading »
– So Who Leaked The Heinz Deal? (ZeroHedge, Feb 14, 2013):
Just a purely accidental modest to quite modest increase in the Heinz June $65 call open interest yesterday, and an even more accidental $1.5 million profit in one day? Surely the new Morgan Stanely head of the SEC will get right on it, and market “credibility” will be preserved. At least Buffett’s DOJ-immune rating agency Moody’s will rate the JPM’s committed financing for the HNZ takeover AAAA++++.
– Heinz Confirms It Will Be Acquired By Buffett In $28 Billion Transaction At $72.50/Share (ZeroHedge, Feb 14, 2013):
Just released by Heinz. Luckily, the brand new US Secretary of State has a full conflict of interest release.
H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G Capital
H.J. Heinz Company (NYSE: HNZ) (“Heinz”) today announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital.
Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a 30% premium to the one-year average share price.
– New York Stock Exchange sold to derivatives company in $8bn takeover (Guardian, Dec 20, 2012):
The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader.
The stock exchange’s holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined company would have headquarters in both ICE’s home of Atlanta and in New York.
– All US Equity Markets Closed Monday (And Maybe Tuesday) Due To Sandy (ZeroHedge, oct 29, 2012):
Late Updates – after a day of consultation and realization that if the algos were left alone to play then things could go a little pear-shaped – NYSE and NASDAQ will now be totally closed tomorrow:
- *U.S. EQUITY MARKETS TO CLOSE ON OCT. 29 FOR STORM, SEC SAYS
- *NEW YORK STOCK EXCHANGE TO CLOSE MARKETS FOR STORM
- *NASDAQ OMX MARKETS CLOSED TOMORROW ON HURRICANE SANDY :NDAQ US
- *CBOE TO CLOSE EXCHANGES OCT. 29 BECAUSE OF HURRICANE SANDY
“In consultation with other exchanges and market participants, NYSE Euronext will close its markets on Monday, Oct. 29, 2012 and pending confirmation on Tuesday, Oct. 30, 2012’’
“We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority’’
“We will work with the industry to determine the next steps in restoring trading as soon as the situation permits’’
Add to this, SIFMA’s recommendation that bond markets close at midday – which is all a little moot given MTA’s closure and tomorrow looks like being a busy day for the European desks…
– Hurricane to close Wall St on Monday, possibly Tuesday (Reuters, Oct 29, 2012):
U.S. stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.
As Hurricane Sandy bears down on the New York area, regulators, exchanges and brokers grew increasingly worried about the integrity of markets and the safety of employees.
It will be the first time the market has closed for a weather-related event since Hurricane Gloria on September 27, 1985.
– Wall Street shuts for storm; trading may not resume until Wednesday (Los Angeles Times, Oct 28, 2012):
As Hurricane Sandy barrels down on the East Coast, Wall Street is shutting down.
This would be the first time trading has been halted in all U.S. stocks since a four-day stretch after the Sept. 11, 2001, terrorist attacks.
– The Shorts Have Left The Building (ZeroHedge, Feb. 10, 2012):
Following the market’s “sudden” realization in December that the ECB had been quietly pumping $800 billion, or more than the entire QE2, into the market (sterilized? yeah right – when one lends out cash in exchange for worthless crap nobody else wants, and certainly not the Bundesbank, it is not sterilized), it became all too clear that the market’s response in 2012 would be a deja vu of 2011, if only for a while. Sure enough 2012 has been a tic-for-tic transposition of the market move in 2011. The only question is how far it would go, before, like back in 2011 again, it rolled over. To get a sense of one of the best indicators of an overextended rally, we go to the NYSE whose short interest update confirms that the rally, at least based on ongoing short squeeze dynamics (which as we said in mid-January has been the best strategy for a bizarro market) is now over. Sure enough, according to the latest data, short interest has collapsed from a multi-year high in September of 16 billion shorts, which coincided with the market lows, to essentially the lowest print seen in the past 4 years at 12.5 billion shares, a level which has not been breached once in the New Normal phase of market central planning. In other words, those who look at short interest and covering as a market inflection point, the time has come to take advantage of the short mauling, and bet on the market rolling over. That said, all it takes is for a central bank chairman somewhere to sneeze the wrong way, and this best laid plan will promptly collapse.
The elitists plan is to take away the internet from you.
Lawrence Lessig, a respected Law Professor from Stanford University told an audience at this years Fortune’s Brainstorm Tech conference in Half Moon Bay, California, that “There’s going to be an i-9/11 event” which will act as a catalyst for a radical reworking of the law pertaining to the internet.
For your information …
I clarify a few more things I may have forgot to mention or made a mistake during the first video. link: http://188.8.131.52/webdav/greenshell.php
Greetings citizens of the world, I am TheAnonMessage.
There’s been some con flict, as always. Many people refuse to accept that Operation Invade Wall Street is a reality. Some say it is a COINTELPRO agent tactic to set the map for a false flag operation.
I am here to say that I am the messenger. As the messenger, I cannot take sides. I am not supporting or opposing invade wall street, and it was wrong of me to say that the operation has been terminated.
Continue reading »
– Anonymous NYSE Hack Compromised, Group Says [Video] (Long Island Press, Oct. 7, 2011):
The hackers that claimed to be part of Anonymous are now saying that their plan to shut down the New York Stock Exchange Monday has been compromised.
TheAnonMessage had posted a video four days ago stating that the group was supporting the Occupy Wall Street protests by taking the NYSE down. Now, a message under the video reads:
BREAKING EMERGENCY UPDATE: Warning: The Operation #invadewallstreet HAS BEEN COMPROMISED. Do not participate. People may still hack NYSE. They will do it at their own risk.
This was after a tweet from AnonyOps said, “WARNING: To ALL people! DO NOT PARTICIPATE IN #invadewallstreet AGENT named hypotenuse has infiltrated AnonOps IRC.”
… and then the elitists will take away the internet from you (as planned).
Lawrence Lessig, a respected Law Professor from Stanford University told an audience at this years Fortune’s Brainstorm Tech conference in Half Moon Bay, California, that “There’s going to be an i-9/11 event” which will act as a catalyst for a radical reworking of the law pertaining to the internet.
A new Anonymous statement to the media regarding a DDOS attack set forth to take place October 10th. DDOS information is annotated.
IRC LINK: irc.project-pm.org #invadewallstreet
(or for NetTalk users, 184.108.40.206)
Greetings, Institutions of the Media.
We are Anonymous.
The events transpiring within Wall Street have caught our eye.
The NYSE has released its January margin debt data. Not surprisingly, total margin debt hit a peak of $290 billion, the highest since September 2008, but the one category that shows just how much purchasing is occurring on margin is total Free Credit less Total Margin Debt drops to the lowest since the all time credit bubble peak in July of 2007!
At ($45.9 billion) this number is just below the ($52.8) billion last seen just before the August 2007 quant wipe out which blew up Goldman’s quant desk, and arguably was the catalyst for the beginning of the end. In other words, as we have shown, everyone is now purchasing on margin and the level of investor net worth is the lowest in over 3 years.
Which means that should the market decline from this week persist and the Fed be unable to stop it, the margin calls will start coming in fast and furious, and unwinds in otherwise stable products like gold and silver are increasingly possible as hedge funds proceed to outright liquidations.
Submitted by Tyler Durden on 02/24/2011 11:54 -0500
Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”
I put down my notebook. “Just that?”
“That’s right,” he said, signaling to the waitress for the check. “Everything’s fucked up, and nobody goes to jail. You can end the piece right there.”
Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.
This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18.
The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What’s more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even “one dollar” just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick “The Gorilla” Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.
Instead, federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice. “If the allegations in these settlements are true,” says Jed Rakoff, a federal judge in the Southern District of New York, “it’s management buying its way off cheap, from the pockets of their victims.”
To understand the significance of this, one has to think carefully about the efficacy of fines as a punishment for a defendant pool that includes the richest people on earth — people who simply get their companies to pay their fines for them. Conversely, one has to consider the powerful deterrent to further wrongdoing that the state is missing by not introducing this particular class of people to the experience of incarceration. “You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take. Just once.”
But that hasn’t happened. Because the entire system set up to monitor and regulate Wall Street is fucked up.
Just ask the people who tried to do the right thing.
Tags: AIG, Bank of America, Banking, Economy, FDIC, Global News, Goldman Sachs, Government, JPMorgan, Justice Department, Lehman Brothers, Morgan Stanley, NYSE, Obama administration, Politics, SEC, Stock Market, U.S., Wall Street
The Germans will regret this deal very soon.
German company will acquire Big Board, but exchange is already mostly symbolic
NEW YORK (AP) — Why would anyone want to sell a centerpiece of capitalism like the New York Stock Exchange? Because despite its fame and its fabled floor, it’s a lousy way to make money.
A German company will acquire the Big Board in a deal that creates the world’s largest exchange operator but does not stop the decades-long evolution of stock trading from shouting floor brokers to the cold, quiet hum of computers.
The deal announced Tuesday values the New York exchange’s old parent company, NYSE Euronext, at $10 billion. The NYSE and Euronext, which owns exchanges in several European capitals, merged in 2007.
When we pointed out our volume chart earlier, which indicated that volume is now a laughable joke, we received one of the traditionally amusing responses, “ZH misses the point on volume because they data mine and only compare it to the volume during the crisis. SPY volume is STILL higher today than it was pre-2007. So are we to believe that the crisis volume levels are the “real” levels for volume? If you compare back to pre-crisis, volume is actually still pretty high.” Here is our response.
For those who refuse to accept the reality, and/or are unable to interpret what the chart says, allow us to explain: NYSE common stock volume is lower than it was in 2010, in 2009, in 2008, in 2007, in 2006, in 2005, in 2004, in 2003, in 2002 and in 2001. We stopped there (couldn’t help it – felt obligated to data mine a little bit). Continue reading »
The New York Stock Exchange, a symbol of American capitalism for more than two centuries, may soon have new owners — in Europe.
The exchange, facing pressure from electronic upstarts that have taken business away from it, said on Wednesday that it was in advanced talks on a merger with the operator of the Frankfurt Stock Exchange. A deal would create the world’s largest financial market, with a presence in 14 European countries as well as the United States.
A merger would potentially let customers trade stocks in New York, options tied to those shares in Paris and derivatives linked to them in Frankfurt.
A combination, after the mergers of other exchanges, would be another illustration of how globalization and technology have changed marketplaces. The New York Stock Exchange is a giant among exchanges, yet in a world of around-the-clock trading and rapid-fire algorithmic programs, its significance to investors has diminished. Once known for chief executives who were prominent cheerleaders for the stock market, the exchange now has a more muted public presence.
“The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.”
The reasons for last week’s collapse will be probed for a long time, and likely no firm conclusion will ever be derived, because it was caused by a confluence of numerous factors. While there may be immediate causes for the plunge, the one recurring reason for both that crash, and all future ones, will be dominant role played by HFT traders as they now control market structure when they operate, and the massive vacuum left when they decide to simply shut down when things get too heated and there is no regulated liquidity provider backstop. As the New York Times reports yesterday from your typical HFT bucket shop “as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.” A vivid and brief summary of what we have been warning for over a year. Also, we find out that just like Tradebot, which as “one of the biggest high-frequency traders around, had not had a losing day in four years” that Goldman, and all the other big banks who reported a flawless first quarter, are now nothing but one large HFT prop shop: they push the market higher on no volume, and when the selling in size commences they all just shut down. So much for providing liquidity when it is needed. And as for that 4 year track record… What did Madoff go to jail for again?
From the NYT:
Above the Restoration Hardware in this Jersey Shore town, not far from the Navesink River, lurks a Wall Street giant. Here, inside the humdrum offices of a tiny trading firm called Tradeworx, workers in their 20s and 30s in jeans and T-shirts quietly tend high-speed computers that typically buy and sell 80 million shares a day.
But on the afternoon of May 6, as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown. Continue reading »
“I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.”
I am Ex CEO of mid sized Wall Street Firm. Known for equity research; reasonably good trading; acceptable Investment Banking. Now retired
Equity Block Trader early in career. May have traded more 1,000,000 share blocks than anyone over 10 year period.
Executed 1st program trade that I am aware of. Manually handled blocks of stock vs options on the XMI for expiration October of 1983.
Oversaw global equity trading, for top 5 firm. Was senior trader and oversaw hedge book during 87 crash. Still have time and sales from that day for all trades on NYSE.
Can read the tape as well as most.
I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.
Continue reading »
JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row
We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.
The late Libertarian economist, Murray Rothbard, wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.
In 2000, the Rockefellers and the Morgans joined forces, when JPMorgan and Chase Manhattan merged to become JPMorgan Chase Co. Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. In 1928, it launched the Goldman Sachs Trading Corp., a closed-end fund similar to a Ponzi scheme. The fund failed in the stock market crash of 1929, marring the firm’s reputation for years afterwards. Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”
Continue reading »
Tags: Bailout, Banking, Barack Obama, Bob Chapman, Derivatives, Derivatives market, Economy, Fed, Federal Reserve, Goldman Sachs, Government, Henry Paulson, High Frequency Trading, JPMorgan, Larry Summers, Max Keiser, Murray Rothbard, NYSE, Obama administration, Paul Volcker, Politics, Robert Rubin, Rockefeller, Stock Market, Timothy Geithner, U.S., Wall Street
“We are doing God’s work!”
(Financial Times) — An explosion in trading propelled by computers is raising fears that trading platforms could be knocked out by rogue trades triggered by systems running out of control.
Trading in equities and derivatives is being driven increasingly by mathematical algorithms used in computer programs. They allow trading to take place automatically in response to market data and news, deciding when and how much to trade similar to the autopilot function in aircraft.
Analysts estimate that up to 60 per cent of trading in equity markets is driven in this way.
Concerns have been highlighted by news that NYSE Euronext, the transatlantic exchange operator, has fined Credit Suisse proprietary trading arm for the first time for failing to control its trading algorithms. In the Credit Suisse case, its system bombarded the NYSE’s systems with hundreds of thousands of “erroneous messages” in 2007, slowing down trading in 975 shares.
The case was far from isolated, say traders. CME Group, the Chicago-based futures exchange, is investigating a case this month where a trader in “mini” S&P Index futures contracts “inadvertently traded approximately 200,000 contracts as both buyer and seller”.
Last year, the London Stock Exchange suffered a three-hour outage after its trading system collapsed under the strain of a huge volume of orders. Some traders blamed the spike in volumes from algorithmic trading.
Frederic Ponzo, managing partner at GreySpark Partners, a consultancy, said: “It is absolutely possible to bring an exchange to breaking point by having an ‘algo’ entering into a loop so that by sending them at such a rate the exchange can’t cope.” Continue reading »
Here at Infinite Unknown I post almost every day one or even several articles warning that….
1. The real crisis has just started.
2. The stock market rally will end in a bloodbath.
3. The US government and the Fed are doing everything to destroy the US dollar.
4. The US will experience the greatest controlled financial collapse in history, which will turn the US into a Third World country.
5. This is the Greatest Depression in world history.
Just imagine how New York will look like if these events come true.
I predict that within 2 years all of this will become very obvious to everyone.
The Cathedral of St. John the Divine
The impressive exterior of the cathedral provokes a humbling sensation at whom gazes at it. But what are you humbling yourself to? We’ll examine the details of the artwork.
The Apocalyptic Pillar
On the western facade of the building, stonemasons have sculpted numerous scenes that seem oddly out of place for a Cathedral. The most striking one is the chilling depiction of the destruction of New York city and its landmarks.
(Not only the) Twin towers collapsing.
The scene above was done in 1997, four years before the destruction of the Twin Towers. Other recognizable skyscrapers are the Chrysler Building and the Citigroup center.
Apocalyptic New York
The scene above might be unsettling for New York residents. We see the Brooklyn bridge crumbling with cars and buses falling into agitated waters. At the right is the Statue of Liberty, which seems to be sinking in the water. Beneath this horrifying prophecy is the New York Stock Exchange, with people trading goods around it.
So, what is the purpose of this weird carving? Well, the first thing that needs to be mentioned is the actual St. John the Divine is credited for writing the Book of Revelation in the Bible, which describes in symbolic imagery the events of the apocalypse. Occultists believe that the Book of Revelation has been hermetically coded to reveal its true meaning to the initiates of esoteric teachings. This scene, carved on the west entrance of the cathedral, depicts New York as being “Babylon the Great”, the city who gets completely destroyed by the wrath of God. The Book of Revelation mentions:
“Fallen! Fallen is Babylon the Great!
She has become a home for demons
and a haunt for every evil spirit,
a haunt for every unclean and detestable bird.
For all the nations have drunk
the maddening wine of her adulteries.
The kings of the earth committed adultery with her,
and the merchants of the earth grew rich from her excessive luxuries.”
-Book of Revelation 18
The artists might be on to something because there is indeed numerous similarities between the actual New York city and the description of Babylon the Great in the Bible. The Book of Revelation mentions:
- A “Great Prostitute” who sits on many waters – peoples, multitudes, nations and languages – holding a golden cup. She rules over the kings of the Earth. = The Statue of Liberty
- Merchants of the Earth who grew rich of her “excessive luxuries”, weeping because nobody buys their goods anymore = New York Stock Exchange
“The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn and cry out:
” ‘Woe! Woe, O great city,
dressed in fine linen, purple and scarlet,
and glittering with gold, precious stones and pearls!
In one hour such great wealth has been brought to ruin!’
– Book of Revelation, 18
Knowing that, still today, over 70% of the world’s capital goes through the NYSE, we understand why the building was depicted on the apocalyptic pillar. It represents the “financial” aspect of the Book of Revelation, where it repeatedly refers to rich merchants and trading goods.
So, a landmark of NYC, the St. John the Divine Cathedral, predicts in vivid detail the destruction of its home city. Pretty unusual. Under the rendering of the NYSE, we a skeleton and strange creatures, who seem to represent death and destruction. Is this some sort of prophecy?
Background and History of the Cathedral
This unfinished building has been claimed as being the world’s largest cathedral. It is realistic to maintain such high aspirations when your sources of funding include tycoons like JP Morgan and prominent figures like the Grand Master of the Masons of the state of New York. The completion of the cathedral was such a prized accomplishment for the Freemasons that it was featured on the front page of “Masonic World” of March 1925.
The article states:
“It is particularly fitting that the Masons, who were the principal builders of cathedrals and churches during the greatest cathedral-building period, should now have a prominent part in the movement to build America’s greatest cathedral (…) Little need be added to the story of Freemasonry during the cathedral-building period; its monuments are its best history, alike of its genius, its faith and its symbols.”
The article openly admits that masonic cathedrals represent the best legacy of the Brotherhood and the symbolism is prominently showcased. The masses are however too ignorant to recognize the meanings behind the art, so they just stare at them, thinking “it’s pretty nice”.
Illuminati Pyramid and All-Seeing Eye on the Cathedral of St. John the Divine
Illuminati Pyramid and All-Seeing Eye Continue reading »
Get out of the stock market. This is a trap. Take a close look at the P/E ratio. The ‘real’ next leg down in the stock market will be a bloodbath.
– CIT Bankruptcy Filing Expected in Days; $2.3 Billion Taxpayer Money to Be Wiped Out; Goldman Sachs Receives $285 Million In Termination Fees:
“With $71 billion in assets, CIT would have the fifth-largest bankruptcy filing in U.S. history.”
(Every investor is fully responsible for his/her own actions, actually for his/her entire life. Blaming others is a sign of weakness. It is giving your power away to others and leaves oneself in the position of a pathetic, powerless victim.)
By Bob Chapman
Insiders at corporations are selling with glee. Thirty times more sell orders than buy orders.
During September and October we still saw short covering. We also see that 73% of NYSE trading was of the black box variety, program trading. There are 16 firms front-running all market trades and the SEC refuses to do anything about it, so that Goldman Sachs and JP Morgan chase can further enrich themselves, illegally. The SEC calls it flash-trading not what it really is, stealing. And, yes, the SEC still refuses to stop naked shorting, which is also illegal – another trove of riches for the anointed insiders at Illuminati run brokerage firms. The remainder of the market strength comes from banks, brokerage firms and insurance companies who are leveraging funds received from the Treasury and the Fed, some $12.7 trillion. That is what this really is all about.
This is the first time ever that the S&P 500 has ever rallied 60% in six months. The Dow reached 10,000, when it should not have exceeded 8,500. That shows you the distortion and manipulation going on and points up the now blatant activities of the President’s “Working Group on Financial Markets,” which, of course, operates in secret. As a tribute to this phony rally we have lost 2.5 million jobs over its tenure, when two million are normally created. Are there no professionals out there that get it? They cannot all be that dumb, and they are not that dumb. They are engaging in a conspiracy of silence. They want to be thought well by their peers at the club. They do not want to be ostracized in the Wall Street click. We know we were there for 28 years, of course, always on the outside looking in, permanently known as goldie. If you want to see where the US stock market is eventually going take a look at Japan from 1992 to today. 70% losses and still unable to get out of its own way with an economy still in depression. Incidentally, if the US market copies Japan, which we believe it will, we could easily fall to 3,800 to 4,200 on the Dow and we’ll be very lucky if it holds there. Others whose opinion we respect are looking for 2,800. Wall Street is pricing into the market earnings not only for 2010 but 2011 as well, which is very dangerous in such an environment. We are still in the worst credit crisis since the 1930s.
Trailing P/E on operating earnings is 27 times. When the Dow was 14,168 in 2007, it was 18.8 times. Reported trailing earnings are 180 times, whereas in 10/07, it was 23.4 times. In 10/87, it was 20.3 times. That should give you something to think about if you are in the market. Normally P/E’s should be 14.5 times. Instead of chasing an overpriced goose you should be participating in the bull markets in gold, silver and commodities. That is where safety, preservation of capital and possible large gains are to be found, both short and long term. Why fiddle with an overextended bear market rally when you can gain in relative safety. Get rid of those bonds, stocks, CDs, cash value life insurance policies and annuities, which are really uninsured and in the stock market waiting to again fall 40% to 70% in value. The crisis is not over; it is still in the beginning.
The Fed and Wall Street tell us the recession is over and soon policy actions will continue to a gradual resumption of sustainable economic growth. They see no inflation ahead, only the 1.2% presently. Needless to say, they are well aware that real inflation is 6.11%.
Tags: Banking, Barack Obama, China, Dollar, Dow Jones, Economy, Fed, Federal Reserve, Gold, Goldman Sachs, Hyperinflation, Inflation, JPMorgan, NYSE, Obama administration, Politics, Quantitative Easing, SEC, Silver, Stock Market, Treasury, U.S., Wall Street
The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain.
Headquarters of Goldman Sachs Group Inc., in New York
The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.
The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.
According to previous NYSE rules, any company that carried out program trading — essentially, large computer-automated trades worth more than $1 million — had to report the trades to the NYSE, which then made the information publicly available.
But, under new regulations (PDF) published last week, that requirement has been removed.
“The NYSE announced that it will no longer be releasing its weekly program trading data,” Taibbi wrote in a blog posting. “This is quiet obviously a move designed to make it even more impossible to track what’s going on in the NYSE and shield, in particular, Goldman Sachs.”
Something really ugly popped up on Daily Kos yesterday late in the afternoon…..
…GS, through access to the system as a result of their special gov’t perks, was/is able to read the data on trades before it’s committed, and place their own buys or sells accordingly in that brief moment, thus allowing them to essentially steal buttloads of money every day from the rest of the
Two things come out of this:
1. If true, this should be highly illegal, and would, in any sane country result in something like what happened to Arthur Andersen…
(2. … is way off point….)
God help Goldman if this is true and the government goes after them. This would constitute massive unlawful activity. Indeed, the allegation is that Goldman alone was given this access!
God help our capital markets if this is true and is ignored by our government and regulatory agencies, or generates nothing more than a “handslap.” Nobody in their right mind would ever trade on our markets again if this occurred and does not result in severe criminal and civil penalties.
There apparently is reason to believe that Sergey might have been involved in exactly this sort of coding implementation. Specifically, look at the patent claims cited on DailyKos; his expertise was in fact in this general area of knowledge in the telecommunications world……
This is precisely the sort of thing that a Unix machine, sitting on a network cable where it can “see” traffic potentially not intended for it, could have an interface put into what is called “promiscuous mode” and SILENTLY sniff that traffic!
ASSUMING THE TRAFFIC IS PASSING BY THE MACHINE ON THE WIRE THIS IS TRIVIALLY EASY FOR ANY NETWORK PROGRAMMER OF REASONABLE SKILL TO DO. IF THAT TRAFFIC IS EITHER UNENCRYPTED OR IT IS EASY TO BREAK THE ENCRYPTION…..
Folks, I have no way to know what the code in question does, but if there’s anything to this – anything at all – there is a major, as in biggest scam of the century – scandal here – something much, much bigger than Madoff or Stanford.
What would this mean, if it was all to prove up?
A trader looks up at monitor while working on the floor of the New York Stock Exchange in New York on Oct. 15, 2008. Photographer: Jin Lee/Bloomberg News
Oct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.
Exxon Mobil Corp. and Chevron Corp. tumbled more than 12 percent as commodity prices declined on concern the slowing economy will hurt demand. Wal-Mart Stores Inc. retreated 8 percent after the Commerce Department said purchases at chain stores decreased 1.2 percent last month. Morgan Stanley lost 16 percent after Oppenheimer & Co. analyst Meredith Whitney said the government’s bank rescue is not a “panacea” solution.
The Standard & Poor’s 500 Index sank 90.17 points, or 9 percent, to 907.84, with nine companies declining more than 20 percent. The Dow Jones Industrial Average retreated 733.08, or 7.9 percent, to 8,577.91, its second-biggest point drop ever. The Nasdaq Composite Index lost 150.68, or 8.5 percent, to 1,628.33. About 37 stocks fell for each that rose on the New York Stock Exchange.
Tags: Banking, Ben Bernanke, Chevron, Coca Cola, Credit Crisis, Credit Crunch, Dow Jones, Economy, Exxon, Fed, Federal Reserve, Financial Crisis, JPMorgan, Morgan Stanley, Mortgage crisis, Mortgages, NYSE, Recession, Stock Market, U.S., Wall Street
NEW YORK – Stocks plunged in the final hour of trading Thursday, sending the Dow Jones industrial average down 679 points – more than 7 percent – to its lowest level in five years after a major credit ratings agency said it might cut its rating on General Motors Corp.
The Standard & Poor’s 500 index also fell more than 7 percent.
The declines came on the one-year anniversary of the closing highs of the Dow and the S&P. The Dow has lost 5,585 points, or 39.4 percent, since closing at 14,198 on Oct. 9, 2007. The S&P 500, meanwhile, is off 655 points, or 41.9 percent, since recording its high of 1,565.15.
U.S. stock market paper losses totaled $872 billion Thursday and the value of shares overall has tumbled a stunning $8.33 trillion since last year’s high. That’s based on preliminary figures measured by the Dow Jones Wilshire 5000 Composite Index, which tracks 5,000 U.S.-based companies’ stocks and represents almost all stocks traded in America.