Market Deterioration: How Much; How Long?

July 13th, 2015
in contributors

by Michael Clark

We all know that the markets are deteriorating. Is this a 'normal' correction, or something more?

Follow up:

I guess the real question is are the central banks broken? They have been resisting this type of 'negative reaction' for years now, using all kinds of fancy-named ACRONYMS to suggest they were smarter than Mr. Market (Nature) -- so much so that many of us were beginning to doubt their vulnerability to natural cycles.

What is this kryptonite in a can? Both Greece (and, consequently, Europe) came apart at the seams at almost the exact same time China did. The Chinese panicked, threatening to jail anyone attempting to sell stocks, threatening to murder anyone short-selling stocks -- George Soros' name came up first on the list -- which probably was deeply satisfying to American conservatives -- Bill Gross' name came up next. But Gross was apparently talking up his sleeve, first when he said that German bonds were the short of the century, then when he said Chinese stocks were the short of the millennium -- only to admit he missed both markets; he was so busy making predictions he did not have the time to place his bets.

Does this mean Bill Gross is not under arrest, China? Was it a simple misunderstanding? And what about those death threats against Soros? Still active? The China markets are up 10% in two days -- apparently shutting down 75% of the markets and threatening sellers with down-time in the Sino gulags made the 'foreign terrorists' come to their senses. (Now there's still that problems of sky-high margin. Apparently China lost, through their stock markets, in the last two weeks wealth comparable to 16 separate Greeces. No wonder they are upset.)

Even The Economist magazine is starting to notice the inordinate attention governments are giving to the suddenly blanching "Wealth Effect" -- or the use of taxpayer money to try to prop up the markets.

It is a good start to our debt destruction. And I'm the guy who says the DJIA has to backtrack to around 8787 by 2019. So I really can't say that I'm surprised by this sudden inversion in the investment weather patterns.

We have begun taking daily temperatures of the markets using our best (one of our best trading systems, EMV ASP), which has been giving wholesale 'sell' signals this week. This does not mean much in itself. It is a trading system.

But our 'temperature' reading of the markets is getting quite cold now. Today's readings were decidedly negative: Of our 609 'long-only' issues (no inverse ETFS, no VIX), only 95 issues are in the long position -- this compares with 223 on 4 June 2015. 157 issues are not in the short position -- this compares with 84 on 4 June 2015. This indicator was 73% bull over bear on 4 June and is now only 38% bullish.

Column1 Column2 Column3 Column4 Column5 Column6 Column7
DATE BULL BEAR FLAT Bull v Bear Bull Dif BULL RATE
6/4/15 223 84 302 72.64% 36.62%
6/5/15 211 83 315 71.77% -5.38% 34.65%
6/8/15 204 87 318 70.10% -3.32% 33.50%
6/12/15 193 86 330 69.18% -5.39% 31.69%
6/18/15 186 88 335 67.88% -3.63% 30.54%
6/22/15 195 90 324 68.42% 4.84% 32.02%
6/24/15 203 90 316 69.28% 4.10% 33.33%
6/25/15 203 90 316 69.28% 0.00% 33.33%
6/26/15 195 94 320 67.47% -3.94% 32.02%
6/29/15 176 96 337 64.71% -9.74% 28.90%
7/1/15 149 118 342 55.81% -15.34% 24.47%
7/6/15 139 122 348 53.26% -6.71% 22.82%
7/7/15 137 129 343 51.50% -1.44% 22.50%
7/8/15 117 146 346 44.49% -14.60% 19.21%
7/9/15 95 157 357 37.70% -18.80% 15.60%

 

One of the companies we most dislike, Goldman Sachs, gave a sell signal today in our EMV ASP trading system. The picture of the stock tells us something; I'm not sure how much.


(click to enlarge)

 

GS is going down. Let me stress. This is a sell signal, a 'take profits' signal, not a shortsell signal for GS. We could get another buy the dip buy signal for GS. That has been the recent history. It all depends how much of our future wealth the central banks are willing to spend to try to make a point -- or to save their own skins, or our skins -- are they working for themselves or for us?

It is beginning to feel that their creation of a New Feudalism that puts them and their friends all alone at the top of the Wealth Mountain is not necessarily in our best interests. Is it? How much of our grandchildren's money are we will to spend to protect this richest 1% in the world from God's regular adjustment to the Money Wheel, which the central banks are now fighting like the last contingent of devils manning the anti-theological battle-stations.

This is all our EMV ASP reading for the week. Only two new positions for the week, both short, IO, Ion Corp, and KORU, Korean Stock Bullish ETF. all the others, like GS, are sell signals, terminating a long position. Excuse me, two positions were terminated short positions: AXPW, Axion; and TMF, closing a bearish position, in the bullish 20-Year TBond ETF.

Column1 Column2 Column3 Column4 Column5
Current Last Week
Symbol Close Position Position Company
^RUT 1,234.15 Flat Long Russell SMall Cap Index Daily
^TYX 3.1 Flat Long 30 YEAR TREASURY YIELD
AXPW 0.084 Flat Short AXION
BIIB 399.29 Flat Long Biogen Idec
CF 60.8 Flat Long CF Industries
CMA 48.99 Flat Long Comerica (banking)
CPF 23 Flat Long Central Pacific Financial Corp
CPHD 57.4 Flat Long Cepheid
CURE 38.75 Flat Long * Healthcare Stocks Bullish ETF 3x
EIRL 38.57 Flat Long Ireland ETF
GILD 113.36 Flat Long Gilead Sciences
GS 204.81 Flat Long Goldman Sachs Daily
HLF 50.24 Flat Long HERBALIFE
IO 1.06 Short Flat Ion corp
JAKK 8.94 Flat Long JAKKS Pacific
JBLU 20.9 Flat Long Jet Blue
JPM 66.11 Flat Long JP Morgan Daily
KORU 27.93 Short Flat * South Korean Stocks Bullish ETF 3 x
KRE 43.57 Flat Long Regional Banks ETF
MET 55.02 Flat Long MET LIFE INSURANCE
MWW 6.06 Flat Long Monster Worldwide
NTRS 74.74 Flat Long Northern Trust Corp
NVMI 12.37 Flat Long Nova Measuring Instruments
RBS 10.47 Flat Long Royal Bank of Scotland Daily
SBND 5.41 Flat Long * Long-Bond Bearish ETF 3x
TMF 69.61 Flat Short * 20+ Year Treasury Bull ETF 3x
TWOU 30.3 Flat Long 2 U (NASDAQ:CHINA)
WMB 56.45 Flat Long Williams Companies

 

What am I saying? Am I saying that this is the Bear Market we've all been dreading, some predicting, and others, the majority, fighting against, tooth-and-nail, with magnificent help in this bullish posture from Central Bank big spenders who have thrown trillions into the black hole of deflation to try to prove their theories right.

I don't like Goldman Sachs. I admit that. When we look at the EU crown princes during this epic battle (not really -- pyrrhic battle?) to repress Greece, the rebellious slave, I can't help but see Goldman Sach's knaves (princes?) wherever I look. Seems like Goldman's fingerprints are on everything, the banking take-over of the world, the leveraged buyout of nations all over the world. The picture below reminds me of books I read as a child, with story and pictures of the Nazi leveraged-buyout of Germany, and the hostile take-over of Europe.

 

I used to bemoan the American Empire, making all the same bad moves the Roman Empire made. I am beginning to think that this is NOT the American Empire; it is the Wall Street Empire, a Corporate Empire -- remember the classic scene from the movie NETWORK in the 1970's -- where the Mad Prophet, Howard Beale, played by Peter Finch, is visited by God at night in his bed and is told by God that he has to tell the American people the truth:

Last night, I was awakened from a fitful sleep, shortly after 2 o'clock in the morning by a shrill, sibilant, faceless voice. I couldn't make it out at first in the dark bedroom. And I said, 'I'm sorry, you will have to talk a little louder.'...And the Voice said to me: 'I want you to tell the people the truth, not an easy thing to do because the people don't want to know the truth.' And I said, 'You're kidding. What the hell should I know about the truth?' But the Voice said to me: 'Don't worry about the truth. I will put the words in your mouth.' And I said, 'What is this, the burning bush? For God's sake, I'm not Moses.' And the Voice said to me: 'And I'm not God. What has that got to do with it?'

And the Voice said to me: 'We're not talking about eternal truth or absolute truth or ultimate truth. We're talking about impermanent, transient, human truth. I don't expect you people to be capable of truth, but god-dammit, at least you're capable of self-preservation!' And I said, 'Why me?' And the Voice said: 'Because you're on television, dummy! You have 40 million Americans listening to you and after the show you could have 50 million. For Pete's sake, I'm not asking you to walk the land in sackcloth and ashes preaching the Armageddon. You're on TV, man.' So I thought about it for a moment, and then I said, 'Ok.'

Howard Beale does what God tells him to do. Beale is a kind of damaged Walter Cronkite on acid, delivering the Six O'Clock News to people who no longer want to hear the news, people who want to be entertained, not educated.

 

Beale ends the news show with:

I don't have to tell you things are bad. Everybody knows things are bad. It's a depression. Everybody's out of work or scared of losing their job. The dollar buys a nickel's worth. Banks are going bust. Shopkeepers keep a gun under the counter. Punks are running wild in the street and there's nobody anywhere who seems to know what to do, and there's no end to it. We know the air is unfit to breathe and our food is unfit to eat, and we sit watching our TVs while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that's the way it's supposed to be.

We know things are bad - worse than bad. They're crazy. It's like everything everywhere is going crazy, so we don't go out anymore. We sit in the house, and slowly the world we are living in is getting smaller, and all we say is: 'Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won't say anything. Just leave us alone.'

Well, I'm not gonna leave you alone. I want you to get MAD! I don't want you to protest. I don't want you to riot - I don't want you to write to your congressman, because I wouldn't know what to tell you to write. I don't know what to do about the depression and the inflation and the Russians and the crime in the street. All I know is that first you've got to get mad. (shouting) You've got to say: 'I'm a human being, god-dammit! My life has value!'

So, I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window. Open it, and stick your head out, and yell: 'I'm as mad as hell, and I'm not gonna take this anymore!'

I want you to get up right now. Sit up. Go to your windows. Open them and stick your head out and yell - 'I'm as mad as hell and I'm not gonna take this anymore!' Things have got to change. But first, you've gotta get mad!...You've got to say, 'I'm as mad as hell, and I'm not gonna take this anymore!' Then we'll figure out what to do about the depression and the inflation and the oil crisis. But first, get up out of your chairs, open the window, stick your head out, and yell, and say it: 'I'm as mad as hell, and I'm not gonna take this anymore!'

Beale becomes a hit as the Mad Prophet. The network tries to fire him, send him to the insane asylum, but his ratings are too good. America loves the new fire-and-brimstone Cronkite. The next day, Beale is at it again.

Edward George Ruddy died today! Edward George Ruddy was the Chairman of the Board of the Union Broadcasting Systems and he died at eleven o'clock this morning of a heart condition! And woe is us! We're in a lot of trouble! So, a rich little man with white hair died. What does that got to do with the price of rice, right? And why is that woe to us? Because you people and sixty-two million other Americans are listening to me right now. Because less than three percent of you people read books. Because less than fifteen percent of you read newspapers. Because the only truth you know is what you get over this tube. Right now, there is a whole, an entire generation that never knew anything that didn't come out of this tube. This tube is the Gospel. The ultimate revelation! This tube can make or break Presidents, Popes, Prime Ministers. This tube is the most awesome, god-damn force in the whole godless world. And woe is us if it ever falls into the hands of the wrong people. And that's why woe is us that Edward George Ruddy died.

Because this company is now in the hands of CCA, the Communication Corporation of America. There's a new chairman of the board, a man called Frank Hackett sitting in Mr. Ruddy's office on the 20th floor. And when the twelfth largest company in the world controls the most awesome, god-damn propaganda force in the whole godless world, who knows what s--t will be peddled for truth on this network.

So, you listen to me. Listen to me! Television is not the truth. Television's a god-damned amusement park. Television is a circus, a carnival, a traveling troupe of acrobats, storytellers, dancers, singers, jugglers, sideshow freaks, lion tamers, and football players. We're in the boredom-killing business. So if you want the Truth, go to God! Go to your gurus. Go to yourselves! Because that's the only place you're ever gonna find any real truth. But, man, you're never gonna get any truth from us. We'll tell you anything you wanna hear. We lie like hell. We'll tell you that, uh, Kojak always gets the killer and that nobody ever gets cancer at Archie Bunker's house. And no matter how much trouble the hero is in, don't worry. Just look at your watch. At the end of the hour, he's gonna win. We'll tell you any s--t you want to hear.

We deal in illusions, man. None of it is true! But you people sit there day after day, night after night, all ages, colors, creeds. We're all you know. You're beginning to believe the illusions we're spinning here. You're beginning to think that the tube is reality and that your own lives are unreal. You do whatever the tube tells you. You dress like the tube, you eat like the tube, you raise your children like the tube. You even think like the tube. This is mass madness. You maniacs. In God's name, you people are the real thing. We are the illusion. So turn off your television sets. Turn them off now. Turn them off right now. Turn them off and leave them off. Turn them off right in the middle of this sentence I am speaking to you now. Turn them off!

The next day Beale warns of corporate deceit and monopoly -- perhaps we can substitute the Chinese for the Arabs to make this more current.

Now you listen to me. And listen carefully, because this is your goddamn life I'm talking about today. In this country, when one company wants to take over another company, they simply buy up a controlling share of the stock. But first, they have to file notice with the government. That's how CCA took over the company that owns this network. But now somebody is buying up CCA. Somebody called the Western World Funding Corporation. They filed the notice this morning.

Well, just who in the hell is the Western World Funding Corporation? It is a consortium of banks and insurance companies who are not buying CCA for themselves but as agents for somebody else. And who is this somebody else? They won't tell you. They won't tell you, they won't tell the Senate, they won't tell the SEC, the FCC, they won't tell the Justice Department, they won't tell anybody. They say it's none of our business. The hell it ain't! I will tell you who they're buying CCA for. They're buying it for the Saudi-Arabian Investment Corporation. They're buying it for the Arabs...

We all know that the Arabs control sixteen billion dollars in this country. They own a chunk of Fifth Avenue, twenty downtown pieces of Boston, a part of the port of New Orleans, an industrial park in Salt Lake City. They own big hunks of the Atlanta Hilton, the Arizona Land and Cattle Company, the Security National Bank in California, the Bank of the Commonwealth in Detroit. They control ARAMCO, so that puts them into Exxon, Texaco, and Mobil Oil. They're all over - New Jersey, Louisville, St. Louis Missouri. And that's only what we know about! There's a hell of a lot more we don't know about because all of the those Arab petro-dollars are washed through Switzerland and Canada and the biggest banks in this country.

For example, what we don't know about is this CCA deal and all the other CCA deals. Right now, the Arabs have screwed us out of enough American dollars to come right back and with our own money, buy General Motors, IBM, ITT, AT&T, DuPont, US Steel, and twenty other American companies. Hell, they already own half of England.

So listen to me. Listen to me, god-dammit! The Arabs are simply buying us. There's only one thing that can stop them. You! You! So, I want you to get up now. I want you to get up out of your chairs. I want you to get up right now and go to the phone. I want you to get up from your chairs, go to the phone, get in your cars, drive into the Western Union offices in town. I want you to send a telegram to the White House. By midnight tonight, I want a million telegrams in the White House. I want them wading knee-deep in telegrams at the White House. I want you to get up right now and write a telegram to President Ford saying: 'I'm as mad as hell and I'm not gonna take this anymore! I don't want the banks selling my country to the Arabs! I want the CCA deal stopped now!' I want the CCA deal stopped now.

It is one thing for the Mad Prophet to entertain people with his mad prophet antics -- but to try to interfere with the prerogatives of the Wall Street Empire is beyond the pale.

Howard Beale gets called on the carpet ("Welcome to Valhalla"), gets lectured by a new kind of god, a chubby man with a gigantic bank account who tells him how the world really works. Arthur Jensen (Warren Beatty) is Chairman of the Board of UBS Corporation. He is company pitchman, corporate demigod, and the wrathful titan all at once, a kind of John Calvin in modern attire, not so dissimilar to Lloyd Blankfein of Goldman Sachs when making his "We are doing God's work" ejaculation. Beale is terrified.

 

You have meddled with the primal forces of nature, Mr. Beale, and I won't have it! Is that clear?! Do you think you've merely stopped a business deal? That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance! You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There is no West. There is only one holistic system of systems, one vast and immane, interwoven, interacting, multi-variate, multi-national dominion of dollars. Petro-dollars, electro-dollars, multi-dollars, reichmarks, rins, rubles, pounds, and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic and sub-atomic and galactic structure of things today! And you have meddled with the primal forces of nature, and You Will Atone!

Am I getting through to you, Mr. Beale? You get up on your little twenty-one inch screen and howl about America and democracy. There is no America. There is no democracy. There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today. What do you think the Russians talk about in their councils of state - Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do. We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable by-laws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that perfect world in which there's no war or famine, oppression or brutality. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock, all necessities provided, all anxieties tranquilized, all boredom amused. And I have chosen you, Mr. Beale, to preach this evangel. (Beale: "Why me?") Because you're on television, dummy. Sixty million people watch you every night of the week, Monday through Friday. (Beale: "I have seen the face of God.") You just might be right, Mr. Beale.

Having met the devil face-to-face (or was it God?), Beale surrenders to this new world, the Corporate Empire:

Last night I got up here and asked you people to stand up and fight for your heritage, and you did, and it was beautiful. Six million telegrams were received at the White House. The Arab takeover of CCA has been stopped. The people spoke, the people won. It was a radiant eruption of democracy. But I think that was it, fellas. That sort of thing is not likely to happen again. Because at the bottom of all our terrified souls, we know that democracy is a dying giant, a sick, sick dying, decaying political concept, writhing in its final pain. I don't mean that the United States is finished as a world power. The United States is the richest, the most powerful, the most advanced country in the world, light-years ahead of any other country. And I don't mean the Communists are gonna take over the world, because the Communists are deader than we are.

What is finished is the idea that this great country is dedicated to the freedom and flourishing of every individual in it. It's the individual that's finished. It's the single, solitary human being that's finished. It's every single one of you out there that's finished. Because this is no longer a nation of independent individuals. It's a nation of some two hundred odd million transistorized, deodorized, whiter-than-white, steel-belted bodies, totally unnecessary as human beings and as replaceable as piston rods.

Well, the time has come to say is 'dehumanization' such a bad word?' Whether it's good or bad, that's what is so. The whole world is becoming humanoid, creatures that look human but aren't. The whole world, not just us. We're just the most advanced country, so we're getting there first. The whole world's people are becoming mass-produced, programmed, numbered, insensate things...

So, we all surrender to the corporate empire. Is that right? Is Greece now surrendering, after put up a fight for a few days? Seems that way. How can one defeat such a monster; how can one secede from the beast?

Will God allow this force of Empire to take over the world in such an absolute way, world without end? Those of you who read my writing, know that I am saying this Old World will end in 2019; and a new world will be instantly born to replace this Old World. Does this mean the corporatocracy will be blown away? In 1983, when the Old World was ending, a movie was released called "THE EMPIRE STRIKES BACK" -- and soon thereafter the empire did strike back.

In 2019 the Force of Light will reincarnate; Light is Matter we remember. So does this mean the material empire will 'strike back'? Well, we know the Romans did not go down easily. Caesarism is upon us. Donald Trump says he wants to go into Iraq and Iran and steal their oil; why? Because he can. He has a larger army. He wants to force Mexico to pay for a Great Wall that America will build to separate the two countries.

Is this Caesarism? The fact that he is leading Republican hopefuls to become the next American Caesar says something, I think. Is he so different from Nero? We know that Trump is filthy rich; he read today that he treats his employees with a stingy hand, according to his company's IRA participation. None of his bigotry, selfishness, chest-beating, racial slurs seems to affect his popularity with voters. This is a sign that the empire is not yet dead.

Race as a political content and whip is coming back in again. A 21-year old white boy, fan of African racial segregation, kills black church worshippers in South Carolina and conservatives bristle when this is called a 'hate crime'. We have very deep historical neurosis when it comes to race; this is a monster we just can't seem to tame.

Wall Street's successful diminishment of worker's pay and rights is a very clear exclamation point in the feudal view, master above and servant below. Why not have a world of a few rich (mostly white) multi-billionaires and millions of waitresses and bartenders? Why not? Why not celebrate the world's winners? Why not dismiss the world's losers. What are they good for anyway? If they had any talent, they would be rich, right?

I am reminded of the Bertrand Russell quote:

"Life is nothing but a competition to be a criminal rather than a victim."

I believe there is a third choice; but I will save that for a later article.

A German magazine supports German hostility to present-day Greece by encouraging German stolidity:

"The Greeks aren't the original Greeks. The original Greeks were blond and blue-eyed. These Greeks are dark-haired mongrel slavs and Arabs." (Meaning, I guess, that it is alright to make them debt slaves because of this.)

We are sinking into the world root-system. The next few years (2016-2022) will be spend in the soil in the Earth's very deep root system, in the instincts, in the unconscious, in the dark repressed part of the pre-human system. In 2001 we were fruit in the branches at the top of the tree. Not any longer. This will bring out the worst and the best in the human creature, dying and seeking rebirth. Some of us will be chosen for rebirth; others will not be so chosen. 2019 is MIDNIGHT. Midnight could be very dark.

The Corporate Empire is like the Roman Empire. And we are in the year 2015. Think of Rome in the year 0015. The Dark Age is beckoning Rome to begin to sleep, to begin to dream. When the Hero stays in the world too long, he becomes a tyrant, the very same Hero who, in youth, was bright and warm and brilliant and admire by nearly all. Now that Hero fears losing what he has come to possess, and now is becoming a monster, feared by many.

Central banks pilfering the future is guaranteeing for the world a Dark Age. We are stealing so much money from the future, spending it today, how can we not sink into a dark pit of poverty in the future. Central banks are digging a hole for us, a grave, into which they will lead us. The Black Hole is the image of this experience. The Black Hole is the Dark Age. The light goes out. The Sun-Hero vanishes. The Moon takes over.

So, as anyone who has read me knows, I do think this wave of selling in the markets is the beginning of the end -- at least a DJIA reversion to 8787 suggests that I think this is the real thing. I must say that central bank resistance (be it fear of death or something more positive; or something absolutely evil) has been impressive in its adamantine refusal to blink, globally now. Refusal to blink can sometimes be a positive thing; although it can make one blind in the long run.

I think any time shortsale positions outnumber long positions it is a bear market -- see my statistics above. Of course, I'm still claiming that the Bear Market runs from 2001-2019 -- I am STILL claiming that -- so I'm believing, seeing, that a reversion to course will prove the central bankers (Greenspan-Bernanke especially, as the Grand Dragons of the new "Socialism for the Rich" pantomime) as failures -- I believe political and social chaos will be the end result. I hope my vision that the central banks have raided the treasury for their fellow rich cronies to escape with all the money before the roof caves in does not prove to be a profoundly accurate description of what is currently happening. If this IS what is happening, then there will be much RETRIBUTION for these gangsters and their families in this world and in the next several worlds.

I wish to thank Paddy Chayefsky for the wonderful script of "NETWORK" above -- which seems even more accurate and prophetic and threatening in 2015 as it was in 1976 -- yes, this script was 36 years old in 2012. He is a brilliant writer.

I talked about Goldman Sachs above -- God's workmen -- but I am also wondering what Jamie Dimon at JP Morgan and his buddies at Citigroup are up to, attempting to corner the precious metals derivatives market?

 

Is there a connection between these new positions and the collapse of the precious metals markets this past week?

In an article on ZeroHedge, "ARE BIG BANKS USING DERIVATIVES TO SUPPRESS BULLION PRICES," authors Paul-Craig Roberts and Dave Kranzler argue that they are. This fits in quite nicely with our theme above, how the Corporate Empire does what it wants and how standing in its way is not only a form of solitary stupidity but also is politically incorrect. The toxic big picture being what it is.

www.zerohedge.com/news/2015-07-09/are-bi...

What a world we live in now.

This is another Mad Prophet, signing off. My next epistle will be more about what God wants from us in this dying world, and less about what man wants from God.

Mad Prophets unite.









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