Prophetic headlines for 18 Nov 2011

“The Entire System Has Been Utterly Destroyed By The MF Global Collapse” – Presenting The First MF Global Casualty

Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,

It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.

The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.

The futures markets are very highly-leveraged and thus require an exceptionally firm base upon which to function. That base was the sacrosanct segregation of customer funds from clearing firm capital, with additional emergency financial backing provided by the exchanges themselves. Up until a few weeks ago, that base existed, and had worked flawlessly. Firms came and went, with some imploding in spectacular fashion. Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system.

Read the rest HERE.

German memo shows secret slide towards a super-state

An intrusive European body with the power to take over the economies of struggling nations should be set up to tackle the eurozone crisis, according to a leaked German government document.

The six-page memo, by the German foreign office, argues that Europe’s economic powerhouses should be able to intervene in how beleaguered eurozone countries are run.
The confidential blueprint sets out Germany’s plan to tackle the eurozone debt crisis by creating a “stability union” that will be “immediately followed by moves “on the way towards a political union”.
It will prompt fears that Germany’s euro crisis plans could result in a European super-state with spending and tax plans set in Brussels.
The proposals urge that the European Stability Mechanism (ESM), a eurozone bailout fund that will be established by the end of next year, should be transformed into a version of the International Monetary Fund for the EU.
The European Monetary Fund (EMF) would be able to take full fiscal control of a failing country, including taking countries into receivership.

Read the rest HERE.

Debt Crisis Shows Angela Merkel Is the Boss

Groucho Marx once said that money frees you from doing things you dislike. “Since I dislike doing nearly everything, money is handy,” said the Marx Brother.

Having spent billions of euros they didn’t have, governments across Europe are now finding out the hard way that without money they have to accept things that they would rather not be doing—namely, taking orders from Angela Merkel in Berlin and Mario Draghi in Frankfurt.

Late on Thursday, in Dublin, a scandal rocked Enda Kenny’s government when reporters got hold of the Irish budget three weeks before it was due to be unveiled to the Irish people.

According to a document seen by Reuters, Irish VAT is expected to rise by 2 percent and despite denials from Dublin, it appears very likely that Kenny’s visit to Berlin this week saw him ask Angela Merkel for approval of his spending plans for 2012.

“The reports are undoubtedly true,” said one Irish business leader who spoke to CNBC following the reports. “A rise in VAT does nothing to boost growth, without growth you do not get lower debt.”

Read the rest HERE

Banks Bracing for 2012 Euro Financial Apocalypse

As the European debt crisis threatens to spiral out of control, banks are scrambling behind the scenes to protect their balance sheets and hedge their exposure to ride-out an increasingly scary 2012.

But while some of the moves may help mitigate the losses from Armageddon, market watchers say certain financial insurance policies — particularly credit default swaps on sovereign debt — may not work in a new financial crisis.

Banks are loading up on hedges against a possible European financial collapse. The notional amounts outstanding of over-the-counter derivatives rose 18 percent in the first half of 2011 to $708 trillion as of June 2011, a record high, according to a report by the Bank of International Settlements released Wednesday. In the second half of 2010, the notional value rose only by 3 percent.

Over the counter derivatives are private agreements between parties, different from derivative contracts that are traded through exchanges. The notional value of contracts provides a measure of market size, but not the actual measure of the value that is at risk among participants.

Read the rest HERE.

Russia warships to enter Syria waters in bid to stem foreign intervention

Russian warships are due to arrive at Syrian territorial waters, a Syrian news agency said on Thursday, indicating that the move represented a clear message to the West that Moscow would resist any foreign intervention in the country’s civil unrest.

Also on Friday, a Syrian official said Damascus has agreed “in principle” to allow an Arab League observer mission into the country.

But the official said Friday that Syria was still studying the details. The official asked not to be named because the issue is so sensitive.

The Arab League suspended Syria earlier this week over its deadly crackdown on an eight-month-old uprising. The 22-member body has proposed sending hundreds of observers to the country to try to help end the bloodshed.

The report came a day after a draft resolution backed by Arab and European countries and the United States was submitted to the United Nations General Assembly, seeking to condemn human rights violations in the on-going violence in Syria.

Jordan, Morocco, Qatar, and Saudi Arabia were among Arab states that joined Germany, Britain, and France to sponsor the draft submitted to the assembly’s human rights committee. In Washington, State Department spokesman Mark Toner said the U.S. would sign on as a co-sponsor of the resolution.

Read the rest HERE.

The State of South Sudan and NATO

Intentions on Trial

The magazine, Global Public Square, and the Times of London have recently published statements by US former envoy to Sudan, Andrew Natsios, in which he called on US government and European governments to create a long strategic alliance with the State of South Sudan.
In addition, Natsios called on the North Atlantic Treaty Organization (NATO) to include South Sudan in the NATO’s security system through entering into a security guarantee agreement with it whereby South Sudan would be included in the NATO’s mandate and hence any aggression on South Sudan would be considered an aggression on all NATO system.
However, many observers consider attempts by some powers to intimidate some regional parties by making them believe that the Government of north Sudan has evil plans against its neighbors aim at creating regional tensions, a situation that justifies Western intervention.
These fears of north Sudan intentions had increased in the months that preceded the conduction of the referendum on self-determination of South Sudan with western circles claiming that the Sudanese government was adamant to abort the referendum process to prevent the South from attaining its independence and announcing its state.
Such plans and intimidations were clearly manifested in the reports of nongovernmental organizations that closely monitors the situation in Sudan, in the reports that have been regularly prepared by the United Nations Mission in Sudan (UNMIS) and in strategic studies centers reports; we should not forget the international conference on Sudan that was held last September at UN headquarters in New York.

Read the rest HERE.

My comments:

Sometimes the news are so overwhelming that it is not easy to decide on what to post. Each of this articles says more than enough to write a post on and each one is important. I think the most important to say is that prophecy is being fulfilled before our eyes. I am amazed.

Pastor Brian has been reporting many times on the subduing of Ethiopia, Libya and Egypt by the antichrist/beast system on its rise to power. The last article may proof the point on Sudan/Ethiopia. It is interesting that the possible subduing of 2 of the 3 horns happened after the Sudan, Egypt and Libya uprising. Will Jerusalem be next? It is time to be awake!

Thanks to Jackie and Peter for making us aware of some of these articles.

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