Archive for February 11, 2011

Over the past week there has been much speculation and even some anxiety over a couple of videos posted on youtube regarding a March 15th Pole Shift that would cause mass global catastrophes.  The original videos were posted by David Beach (known as the ‘sweaty man’ online) and subsequently were taken down, along with other videos going up saying that he had been arrested.  These were infact ‘proven’ to have been faked.

My previous posts speak of these video incidents:

https://jimmyprophet.wordpress.com/2011/02/04/pole-shift-coming-around-15th-march-2011/

and

https://jimmyprophet.wordpress.com/2011/02/06/urgent-update-pole-shift-youtube-videos-removed-by-feds/

Now, it transpires that it was all a Government Dis-Info Psy-Op to discredit Alex Jones and his message of RESISTENCE TO THE NEW WORLD ORDER !!!

Notice How “David” has now closed off ALL COMMENTS to both of his video uploads and his channel too. 

http://www.youtube.com/user/avantipensatore

Nothing says GUILTY like closing off all comments – yet not posting a rebutle video DEFENDING YOUR HONNOR !!!

The ONLY thing Alex Jones is guilty of is not allowing her (the REAL woman who called in to his show) to spout off a website address on the air – which has always been his policy.

Credit for the last 40% of this video goes to dutchsinse:

So what to make of all this?  Regarding an actual pole shift occuring on 15th March is upto the grace of God.  We’ll just have to wait and see!  But there is ‘other’ info out there from other people who show that ‘something’ BIG is happening and will occur.  It’s just a matter of when?

Like I always say, personal discernment is the KEY!

Keep your nose to the ground and your eyes to the sky.

JP

Snapshot of an Apple flash crash

February 10, 2011 2:50 PM

 

What triggered the sell-off that knocked $10 billion off the company’s market cap?

 

Something happened to Apple’s (AAPL) share price Thursday afternoon that has investors still scratching their heads.

The stock, which had been sailing along near its all-time high of $360 a share, started to drop at about 1 p.m. Then, at 1:39, it collapsed, falling from $355 to $349 in the space of four minutes.

In all, $10 billion got shaved off Apple’s market capitalization before the stock began to recover.

Except for the surprisingly short iPhone lines at Verizon stores Thursday, there didn’t seem to be any news behind the sell off.

“The selling is not normal just for negative news,” wrote Bullish Cross‘ Andy Zaky in an e-mail. “There was a huge spike where dollars were being skipped in the selling. I saw Apple tick from $351.70 to $349.00 within seconds.  There’s something else.  The selling was not normal.  That’s for sure.  It wasn’t orderly. Take a look for yourself.”

The chart, Zaky suggests, bears a strikingly resemblance to the flash crash of May 6, 2010. But that event shook the entire market. This one belonged to Apple.

UPDATE: Stock Tic Toc is attributing the flash crash to rumors that Steve Jobs is back in the hospital. Funny, he was reportedly sighted on the Apple campus last week with a big smile and a spring in his step. And just yesterday, two different people tweeted that he was eating lunch near them at an Indian restaurant in Mountain View. See here and here.

JP

ARTICLE from CNNMoney.com, dated 10th Feb 2011

IMF calls for dollar alternative

chart_ws_currency_usd_eur.top.png

NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

“Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.

The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks’ dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly.

Fred Bergsten, director of the Peterson Institute for International Economics, said at a conference in Washington that IMF member nations should agree to create $2 trillion worth of SDRs over the next few years.

SDRs, he said, “will further diversify the system.”

Dollar firms after starting 2011 weak

The dollar has been drifting lower so far this year as the global economy improves and investors regain their appetite for more risky assets such as stocks and commodities.

After rising above 81 in early January, the dollar index, which measures the U.S. currency against a basket of other international currencies, eased below 77 earlier this week.

However, the dollar was higher Thursday against the euro, pound and yen as disappointing corporate results weighed on stock prices following several days of gains on Wall Street. The rally in the commodities market also cooled, with the price of oil and metals backing off recent highs.

In addition, renewed concerns about the debt problems facing troubled European economies put pressure on the euro and supported the dollar. The yield on Portugal’s benchmark bond rose to a record high Wednesday, and borrowing costs for Ireland, Spain and Greece remain elevated.

“The market is shedding risk, with equities and commodities weakening and the U.S. dollar broadly stronger” said Camilla Sutton, currency strategist at Scotia Capital.

Traders were also digesting comments from Federal Reserve chairman Ben Bernanke, who told Congress Wednesday that despite a strengthening economic recovery, the unemployment rate remains high while inflation is “still quite low.”

Those remarks reaffirmed the view that “the Fed would be very slow to tighten policy given its dual mandate of price stability and employment,” analysts at Sucden Financial wrote in a research report.

Bernanke also urged lawmakers to come up with a “credible plan” to bring down “unsustainable” federal budget deficits.

“We expect that the outlook for the U.S. fiscal position will weigh heavily on the U.S. dollar in the quarters ahead,” said Sutton. In the near-term, however, she said “a strengthening growth profile” could help provide “a temporary period of dollar strength.” 

JP