Wednesday, September 09, 2015

DOES CURRENCY MANIPULATION DEVALUATIONS HURT OR HELP A COUNTRIES ECONOMIY.

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.

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://israndjer.blogspot.ca/2015/09/bank-related-links.html 

UPDATE-SEPTEMBER 09,2015-12:00AM

DOW MARKET TUESDAY-SEPT 09,2015
09:30AM-143.48
10:00AM-63.61
10:30AM-74.77
11:00AM-16.91
11:30AM-17.34
12:00PM-4.38
12:30PM-35.85
01:00PM-6.69
01:30PM-21.07-
02:00PM-98.85-
02:30PM-114.07-
03:00PM-113.88-
03:30PM-150.75-
04:00PM-239.11- 16,253.57
HIGH +172  LOW -253
JAPAN ROSE 7.7% THE BIGGEST SINCE 2008. 
TSX -98.82 13,531.85 - GOLD -$14.20 $1,106.80 - OIL -$1.66 $44.28

STOP CURRENCY MANIPULATION-CREATE JOBS
http://www.epi.org/publication/stop-currency-manipulation-and-create-millions-of-jobs/

Market Pulse-Stocks wipe out early gains, end sharply lower on rate-hike fears-Published: Sept 9, 2015 4:05 p.m. ET-By William L. Watts

U.S. stocks ended broadly lower Wednesday, wiping out early gains after strong data on job openings stoked fears the Federal Reserve could move to hike interest rates as early as next week. Based on preliminary numbers, the Dow Jones Industrial Average DJIA, -1.45% ended with a loss of 239.11 points, or 1.4%, at 16,253.57 after posting triple-digit gains in early trade. The S&P 500 SPX, -1.39% fell 27.36 points, or 1.4%, to finish at 1,942.05, while the Nasdaq Composite COMP, -1.15% dropped 55.40 points, or 1.2%< to 4,756.52.

Devaluation Definition-Dictionary of Financial Terms

A currency devalues when its value declines in relation to one or more other currencies. Let's say that on Monday $1 bought five rubles and that today, after the devaluation, it buys 10 rubles (not actual figures). Under this scenario, the ruble has devalued by 50%.Why do countries let their currency fall in value? Well, some do it on purpose, usually to try to boost their exports and decrease their imports.How does that work? Let's imagine I'm a Russian vodka exporter and I charge 100 rubles per bottle. On Monday, one bottle cost foreigners $20 (100 divided by five). Today, at the new exchange rate, one bottle costs $10 (100 divided by 10). In theory, Russia sells a lot more vodka and other goods because they are cheaper in dollar terms -- and exports go up.At the same time, foreign goods become more expensive to locals with rubles, so imports go down.However, sometimes devaluations are forced on a country when it can no longer defend its exchange rate. Russia, before its devaluation, was spending dollars and buying rubles to try to keep the ruble at the rate it wanted. But, the market kept selling rubles, and the government was in danger of running out of dollars. Therefore, it gave up and let the ruble-selling continue unabated, and, of course, its exchange rate to the dollar decreased.Devaluations can have a lot of negative affects. Inflation can go up. Foreign debts become more difficult to service, and they reduce confidence among the people in their currency.

Currency Devaluation: Why, When and at What Cost-Sohel Sarkar-sept 8,15

Ripple Effect-Devaluation is the deliberate downward adjustment of a currency relative to another or a standard-It is a policy tool used to make a country’s exports cheaper and more competitive in the global market-China devalued its currency by almost 4% in mid-August amid concerns of growth slowdown-Rupee’s recent fall reflects anxiety about the negative impact on the Indian economy of a falling yuan-What Is Currency Devaluation & Why Should I Care? It is the deliberate downward adjustment in the value of a country’s currency, relative to another currency, group of currencies or a standard. In order to understand devaluation we need to first understand what exactly the value of a currency means. In simple terms, it’s the amount of a currency you have to pay, say Indian rupee, to purchase a unit of any other currency, say US dollar or euro — this is known as the exchange rate. For example, the rupee may trade at 66.69 against the US dollar while it trades at 74.34 against the euro.Some countries allow their currencies to trade freely in international markets while certain others, especially the controlled economies, link their currencies versus the US dollar as it ensures stability — this is called currency pegging. In case of currencies which are floating (not pegged to the US dollar) supply and demand help determine the exchange rate. Supply and demand are influenced by factors like GDP, interest rates, inflation and the trading relationship between the two countries.-Great, But What About The Ones Which Are Pegged? Certain countries use the exchange rate as a tool to stimulate their own economies. Devaluation is typically used as a policy tool to combat trade imbalances and infuse growth. It causes the country’s exports to become less expensive (since the home currency now becomes cheaper), making them more competitive in the global market. Conversely, it makes imports more expensive and is usually aimed at driving domestic consumers to reduce their purchase of imported goods.That Sounds Like It Should Always Be Done – But Why Not? While devaluation may seem like an attractive option to make a country’s economy more domestic driven, it can have negative consequences. It may end up making domestic industry less efficient as the pressure of competition is reduced or lifted entirely. Higher exports relative to imports can also increase aggregate demand, which is one of the reasons for a spike-up in inflation. Additionally, the country’s foreign currency debt will become more expensive to repay (as it now takes more of local currency to buy the same amount of foreign currency)-A Recent Example: China-China doesn’t let its currency trade freely in financial markets, instead it tightly controls it by setting a daily rate for the yuan versus the dollar. In China’s domestic market, traders are allowed to push the yuan 2% stronger or weaker for the day. But the People’s Bank of China (PBoC) often ignores any market signals when it sets the next day’s rate, sometimes setting the yuan stronger versus the dollar, even though the market may suggest a weaker yuan.But in mid-August, the Chinese central bank unexpectedly devalued its currency, sending shock waves through global markets. The yuan was devalued by nearly 2% — the largest single-day drop since 1994. On August 12, it was devalued by another 1.6% and on the following day, 1.1%. On the face of it, the 4% devaluation may seem modest, so let’s put it in context — China’s net export value to the US for July was $32 billion. A 4% devaluation means US importers have to pay $1.3 billion dollars less for Chinese goods. Wouldn’t they rather prefer China over other exporting nations? But Why Did China Have to Devalue The Yuan? Isn’t ‘Made in China’ Already Visible Everywhere? It could be seen as a distress call from Beijing. China’s last recorded GDP growth fell to 7% which is better than most countries, but a bad sign for an economy that had averaged 10.6% in 2010. In July, Chinese exports plunged by 8.3% compared to last year. With widespread slowdown and stock market crashes, the government stepped in to control the panic selling. A devalued yuan provides the Chinese government an opportunity to stop the decline in exports in an attempt to restore the GDP growth.-What Does It Mean For India? The fall in the yuan, despite a central bank statement that it will keep the currency stable, implies that more devaluation could be in the offing. Indian imports from China jumped to $60 billion in 2014-15 while exports plunged to $12 billion leading to a huge trade gap. A further devalued yuan will tilt the balance further in China’s favour. Analysts are also worried that China’s move could trigger a string of devaluations by other central banks to help their exporters.The rupee’s recent fall reflects anxiety about the negative impact on the Indian economy of the falling yuan. In August the rupee saw its worst monthly fall in the last two years. An increased inflow of very cheap Chinese goods making their way to the Indian market will put the pressure on our domestic market. Only time will tell how the currency standoff will work out for all the involved parties but clearly, the Reserve Bank Governor and the government will have their hands full for some time to come.

China's Currency Stash Drops by $94 Billion After Devaluation-Bloomberg News-Updated on September 7, 2015 — 6:12 AM EDT

China’s foreign-exchange reserves fell by a record last month as the central bank sold dollars to support the yuan after the biggest devaluation in two decades spurred bets on continued weakness.The currency hoard declined by $93.9 billion to $3.56 trillion at the end of August, from $3.65 trillion a month earlier. Economists surveyed by Bloomberg had forecast a median $3.58 trillion. The yuan weakened in offshore trading and 10-year Treasury futures contracts fell after the data.The reserves’ decline illustrates the cost to China as it props up its currency and seeks to stem an outflow of capital that threatens to deepen the nation’s economic slowdown. The shrinkage in reserves means less money flowing into the financial system, creating what Deutsche Bank AG strategists have termed “quantitative tightening.”“If the central bank continues its intervention, China’s foreign-exchange reserves will continue to shrink -- the heavier the intervention, the deeper the fall,” said Li Miaoxian, a Beijing-based analyst at Bocom International Holdings. While the People’s Bank of China is trying to talk up the yuan exchange rate, it’s “inevitable” the nation will see continuous capital outflows and yuan depreciation pressure in the coming months.The offshore yuan traded in Hong Kong erased gains after the reserves figures were announced. It was trading down 0.2 percent at 6.4827 a dollar as of 6:07 p.m. local time. Ten-year Treasury futures contracts fell 10/32, or $3.13 per $1,000 face amount, to 127 15/32.Chinese officials telegraphed confidence in the economy’s underlying solidity, predicting a stabilization in stocks and the currency at a gathering of Group of 20 finance chiefs Friday and Saturday. The G-20, meeting in Ankara, pledged to avoid tit-for-tat currency devaluations; the U.S. Treasury chief separately said that China should avoid persistent exchange-rate misalignments.The biggest drop in China’s currency in 21 years last month spurred concern that a weaker yuan will hurt countries exporting to China.China’s reserves more than tripled in the past decade as the PBOC bought dollars to slow the yuan’s appreciation amid a swelling trade surplus. To ensure the influx of money didn’t spur a surge in inflation, the central bank raised the required reserve ratio for banks. With reserves now in reverse, the central bank has lowered reserve requirements, with economists forecasting further reductions. Expectations that the U.S. will increase interest rates for the first time since 2006 this year are also luring funds from China, which has been loosening monetary policy since November.“The hope for the PBOC, we believe, is that extreme selling pressure on the yuan subsides and they can allow a moderate depreciation to restore export competitiveness,” Bloomberg Intelligence economists Tom Orlik and Fielding Chen wrote in a note. “The fear is that today’s data will reinforce the market view that the only way for the yuan to go is down, and further accelerate capital outflows.”A sustained shift from buying to selling from China would add pressure for Treasury yields to rise, the analysts wrote.“The central bank won’t be so stupid to let its foreign-exchange reserves shrink by $100 billion every month,” said Li Jie, head of the foreign-exchange reserve research center at the Central University of Finance and Economics in Beijing. “If the market really wants the yuan to weaken, the PBOC may say ‘ok, let it be’ and reduce its intervention.”

G-20 Countries Vow to Refrain From Currency Depreciation-By Dow Jones Business News,  September 06, 2015, 08:45:00 PM EDT-dow jones

ANKARA, Turkey—The Group of 20 largest economies on Saturday renewed their pledge to avoid depreciating their currencies to gain a competitive trading advantage as the fallout from China's slowing economy roils international markets and threatens to stall a weakening global economy.The effort to avert a so-called currency war comes on the heels of China's yuan devaluation last month and as the International Monetary Fund plans to downgrade global growth prospects, warning that a confluence of downside risks threatens to slam the brakes on output."We will refrain from competitive devaluations and will resist all forms of protectionism," G-20 finance ministers and central bankers said in their communiqué Saturday following two days of talks in Turkey.Chinese officials, meanwhile, sought to reassure G-20 finance ministers and central bankers anxious about Beijing's economic management and its commitment to overhauls needed to ensure the country's longer-term growth prospects.Despite the threats to the anemic global recovery, the G-20 said it was "confident the global economic recovery will gain speed."A faster-than-expected slowdown in China has helped fuel a commodity-price slump and recessions in several major emerging markets. Worries that the world's second-largest economy is on the verge of a much faster and deeper deceleration than Beijing is letting on have spurred weekly currency, equity and bond selloffs in developing nations. Those emerging-market woes come as the U.S. Federal Reserve prepares to raise interest rates, possibly as soon as this month, pushing up borrowing costs around the world and creating new debt headaches.Weak growth is tempting many countries around the world to devalue their exchange rates in an attempt to spur their economies, a policy that boosts exports at the expense of other countries and fuels global trade tensions.The G-20 statement shows many countries are wary of triggering a global cascade of such competitive devaluations that could add another burden to an already anemic global economy.China's sudden decision last month to devalue its currency initially spurred worries that Beijing was reverting to its old policy playbook of using a depreciated yuan to drive growth in a bid to revive a flagging economy.The IMF, seen as the global arbiter on exchange rates, said the move was caused by Beijing allowing market pressures to play a greater role in setting the currency's value. Worries over China's growth have put downward pressure on the yuan of late, IMF officials said, so the depreciation was a natural occurrence.But the move was followed by currency depreciation in other countries, including Vietnam and Kazakhstan. Japanese officials also mentioned devaluing the yen, feeding worries that China's depreciation might have sparked a dangerous round of global depreciations.Saudi Arabian finance officials have had to tap their currency reserves to defend their exchange rate, which is pegged to the dollar, as investors bet the strengthening U.S. currency and falling oil prices would prove too costly for the country.U.S. officials acknowledge the yuan's depreciation is minor compared with the approximate 15% appreciation of that currency over the past year, accounting for inflation and given that China's currency is roughly pegged to the dollar. They also accept that Beijing's change in its exchange-rate policy is a move toward the currency being more market determined, part of a broader effort to get the currency included in the IMF's elite basket of currencies that comprise its lending reserves.But many G-20 countries, including the U.S., are also concerned China's currency could continue depreciating, that Beijing could reverse course if markets start pressing the exchange rate upward, and that this latest depreciation could be the first of a series of downward moves."There is a clear understanding that competitive devaluation presents a threat that everyone has to be on guard against, both in their policies and their words," U.S. Treasury Secretary Jacob Lew said.The critical test, U.S. officials say, is whether China allows the yuan to appreciate should market forces pressure it upward.The G-20 also has worried that China's slowdown and recent market turmoil could cause Beijing to slow, or even reverse its plans to overhaul its economy. The government has embarked on a strategy meant to shift away from reliance on exports to consumer demand, and open up its markets to foreign investment and liberalize its economy. Those efforts are necessary to ensure long-term growth prospects, the U.S. and IMF say, but will mean slower growth than in the last two decades.Several top finance officials at the meeting said Chinese officials vowed to stick to their liberalization strategy, acknowledging that it means more moderate growth and the transition will include bouts of volatility.In a statement Sunday on the Chinese central bank's website reflecting Chinese officials' comments at the G-20 meeting, People's Bank of China Gov. Zhou Xiaochuan reiterated "there's no basis for long-term depreciation" of the Chinese currency, and said that despite recent fluctuations in the financial markets, "the Chinese government's resolve to deepen reforms hasn't changed." G-20 officials are also concerned that China hasn't explained its policy actions clearly enough and doesn't provide enough transparency on the nature of its economy.But Italian Finance Minister Pier Carlo Padoan said Beijing addressed those concerns."They accepted it could have been better in terms of communication," he said in an interview. "From now on, the emphasis will be on greater exchange of information, better communication," he said.Jens Weidmann, Germany's central bank head, said he found China's commitment to reform "encouraging and reassuring."South Africa's finance minister, Nhlanhla Musa Nene, whose country is one of a host of emerging-market economies rocked by global market tensions, said "conversations with China have been helpful" in assuring the G-20.South Korea's finance officials said they were told by China's Finance Minister Lou Jiwei that restructuring efforts already were boosting an expansion of the service sector, which helps offset a cooling of the manufacturing industry.The G-20 jointly agreed in their communiqué to "carefully calibrate and clearly communicate our actions, especially against the backdrop of major monetary and other policy decisions, to minimize negative spillovers, mitigate uncertainty and promote transparency."That message wasn't only for China, however. Many countries are also wary of the U.S. Federal Reserve's plans to raise interest rates.There were diverging views on when the Fed should move."There is a fear that monetary-policy normalization will result in significant volatility in terms of asset prices and exchange rates, which will depress activity more," India's central bank chief, Raghuram Rajan, said Friday. "If we don't deal with this problem now, we have to deal with this problem in the future."The IMF, however, has warned repeatedly in recent months that a premature move by the Fed could stall the U.S. economy and foment more turmoil overseas, urging the central bank to delay a rate increase until 2016.A mixed jobs report Friday complicates the Fed's decision."It is better to make sure that data is absolutely confirmed, that there is no uncertainty," IMF Managing Director Christine Lagarde after the meeting.Todd Buell and Kwanwoo Jun contributed to this article.Write to Ian Talley at ian.talley@wsj.com and Emre Peker at emre.peker@wsj.com (END) Dow Jones Newswires-09-06-152045ET-Read more: http://www.nasdaq.com/article/g20-countries-vow-to-refrain-from-currency-depreciation-20150906-00031#ixzz3lC55aQ9x

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IRAN-SAUDI-ARABIA PROPHECY AND WW3
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CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION

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