Texe gives listeners an inside look at the horror of Islam. The Moslem religion continues to promote child abuse, wife abuse, and insane acts by demon-possessed Imams and fanatic believers. Radical Islam must be banished from American life and anyone practicing Sharia Law must be deported at once. No exceptions!
This video (edited version) is intended to educate viewers of the circumstance surrounding the most controversial resignation of Pope Benedict the XVI. The Catholic church is beacon of light and source of hope to many of it’s followers, the failings of it’s hierarchy to uphold it’s theocratic responsibility should serve as a warning to other Christian institutions of the grave consequences of their actions.
Vatican City is the smallest country in the world.
Encircled by a 2-mile border with Italy, Vatican City is an independent city-state that covers just over 100 acres, making it one-eighth the size of New York’s Central Park. Vatican City is governed as an absolute monarchy with the pope at its head. The Vatican mints its own euros, prints its own stamps, issues passports and license plates, operates media outlets and has its own flag and anthem. One government function it lacks: taxation. Museum admission fees, stamp and souvenir sales, and contributions generate the Vatican’s revenue.
St. Peter’s Basilica sits atop a city of the dead, including its namesake’s tomb.
A Roman necropolis stood on Vatican Hill in pagan times. When a great fire leveled much of Rome in A.D. 64, Emperor Nero, seeking to shift blame from himself, accused the Christians of starting the blaze. He executed them by burning them at the stake, tearing them apart with wild beasts and crucifying them. Among those crucified was St. Peter—disciple of Jesus Christ, leader of the Apostles and the first bishop of Rome—who was supposedly buried in a shallow grave on Vatican Hill. By the fourth century and official recognition of the Christian religion in Rome, Emperor Constantine began construction of the original basilica atop the ancient burial ground with what was believed to be the tomb of St. Peter at its center. The present basilica, built starting in the 1500s, sits over a maze of catacombs and St. Peter’s suspected grave.
For nearly 60 years in the 1800s and 1900s, popes refused to leave the Vatican.
Popes ruled over a collection of sovereign Papal States throughout central Italy until the country was unified in 1870. The new secular government had seized all the land of the Papal States with the exception of the small patch of the Vatican, and a cold war of sorts then broke out between the church and the Italian government. Popes refused to recognize the authority of the Kingdom of Italy, and the Vatican remained beyond Italian national control. Pope Pius IX proclaimed himself a “prisoner of the Vatican,” and for almost 60 years popes refused to leave the Vatican and submit to the authority of the Italian government. When Italian troops were present in St. Peter’s Square, popes even refused to give blessings or appear from the balcony overlooking the public space.
At several times during the Vatican’s history, popes escaped through a secret passageway.
In 1277, a half-mile-long elevated covered passageway, the Passetto di Borgo, was constructed to link the Vatican with the fortified Castel Sant’Angelo on the banks of the Tiber River. It served as an escape route for popes, most notably in 1527 when it likely saved the life of Pope Clement VII during the sack of Rome. As the forces of Holy Roman Emperor Charles V rampaged through the city and murdered priests and nuns, the Swiss Guard held back the enemy long enough to allow Clement to safely reach the Castel Sant’Angelo, although 147 of the pope’s forces lost their lives in the battle.
Numerous cultures have used Epsom salts for millennia, due to the various beneficial properties, for body detox treatments, in gardening, and household cleaning.
They are inexpensive and can be easily found.
Their name comes from the bitter saline spring at Epsom in Surrey, England. This salt is different from others as it is a naturally occurring pure mineral compound of magnesium and sulfate, both of which offer potent health benefits and detox the entire organism.
They are readily absorbed through the skin and enter the bloodstream. The skin is a porous membrane that absorbs them and removes the toxins.
When added to bathwater, these salts stimulate a process known as reverse osmosis, which eliminates salt and the dangerous toxins from the body, leaving space for the magnesium and sulfate to enter the system.
Magnesium is extremely important for more than 325 enzymes, soothes inflammation, enhances the function of nerves and muscles, boost blood flow and the oxygenation throughout the entire body.
Sulfates are needed for healthy skin, nervous tissues, and joints. This mixture removes toxins and aids build key protein molecules in the brain tissue and joints.
The use of regular Epsom salt baths helps in the case of muscle pain, athlete’s foot, toenail fungus, gout, sprains, and bruises, treats chronic diseases and pain, alleviate inflammation, detoxify the body, and regulate the mineral and sulfur balance in the body.
Before the use of these salts, pregnant women, people with cardiovascular diseases, those with open burns or wounds of the body, and dehydrated individuals should consult a natural health physician.
This is how to take an Epsom salt bath:
You should schedule yourself for 40 minutes, as the body needs 20 minutes to eliminate toxins, and 20 more to absorbs the minerals in the bath water. In a bath filled with warm water, add the Epsom salts in the amounts as listed below:
Children under 60 lbs.: Add 1/2 cup of salts to a standard size bath
People between 60-100 lbs.: Add 1 cup of salts to a standard size bath
people between 100-150 lbs.: Add 1 1/2 cup of salts to a standard size bath
people between 150-200 lbs.: Add 2 cups of salts to a standard size bath
For every 50lbs larger, you should add 1/2 cup of salts more.
To boost the antioxidants benefits of the bath, add 1/2 cup of olive oil, which is beneficial for the skin and contains polyphenols. You can also add some ginger or cayenne powder to boost the heat levels and sweat out more toxins.
Avoid soap since it will interfere with the detox process and the action of the minerals. Then, rest for 1-2 hours. In the case of arthritic joints, make sure you stay active as much as possible to protect the joints from congestion.
This natural immune supporter, has undergone rigorous testing; found to kill Anthrax, Bubonic Plague, Hospital Staph and SARS.
It can make you sick, just thinking about our health care system.
It can leave you wondering what you can do to stay healthy, or how you can safely and naturally strengthen your immune system.
After all… when your immune system is impaired, it’s not a matter of if, but WHEN illness will strike.
So, today I want to let you in on a closely-guarded secret that the military has been using for their soldiers to combat everyday sickness and disease and to disinfect wounds in the field.
Former Air Force Surgeon General, P.K. Carlton, had this to say about it:
“The anti-microbial has undergone rigorous testing and has been found to kill Anthrax, Bubonic Plague, Hospital Staph and SARS [in the lab]. It is the first new anti-microbial for the hospital in many years. In addition it is non-toxic to humans. We currently do not have anything with such a wide spectrum of efficacy in our inventory.”
Put simply, this secret treatment offers a massive boost to your immune system, without harming the human body at all.
In just a moment, I’m going to share with you exactly what it is and how you can get your hands on it.
See, I believe that living a life full of energy, vitality, and health starts with supporting the body’s natural healing ability.
You don’t need to take questionable drugs or radically alter your lifestyle.
You just need to decrease the load on your immune system.
It all comes down to…
The Balance of Your Health Scale
Your health operates kind of like a scale.
On one side of the scale are your body’s natural repair systems. It’s pretty amazing just how much your body can deal with…
…It can flush out harmful toxins and chemicals…
…It can regenerate cells and tissues damaged by illnesses and injuries…
…And, in some cases, the body’s remarkable repair system has even been shown to reverse cancer, diabetes, and HIV.
You may have even experienced this natural healing as a child…
You’d get sick and then be back playing on the playground in a matter of days… often without even taking any medicine.
Broken bones would heal in a few short weeks… without the need for surgery.
It was like you had a superhuman ability to recover from illness or injury.
As you’ve gotten older though, you probably seem to have lost that ability.
You see, on the other side of the scale are the toxins in your environment, pathogens (germs like bacteria and viruses) and everything else that tries to take you down.
Modern life piles these up like a stack of bricks.
With each breath, you inhale an unseen cloud of exhaust fumes, formaldehyde, and other pollutants. The American Lung Association has stated that nearly half of all Americans live in places where the air is too dangerous to breathe!
The food you buy at your local grocery store comes packed with over 10,000 questionable GMOs, pesticides, and additives.
The overuse of antibiotics has led to the evolution of drug-resistant strains of bacteria in hospitals and other environments.
With time, this starts to outweigh your body’s ability to heal. Your immune system can’t keep up with the demand.
A virus like the flu (or worse) comes along and… BAM!
Your Overworked Body Is Defenseless!
Even if you avoid getting sick, the sheer effort of staying alive in the face of all these threats can leave you worn out and exhausted.
It can leave you with barely enough energy to make it through the day, let alone have fun with friends, succeed in your career or be present with your kids.
Now, for serious illnesses, we do have modern medicine.
But what about boosting the immune system for everyday life? How can you tilt the scale back toward health before you get sick? How can you decrease the burden on our body’s repair system?
Well, you can turn to something like silver.
What does the shiny metal used in jewelry have to do with a strong immune system?
Well, it turns out, silver has been…
Used for Centuries to Help Keep People Healthy
Early American settlers tossed silver coins into wells and barrels of water. They believed it would clean the water and make it safe to drink.
Dairy farmers used to use silver pails to collect milk. The fresh milk could apparently be kept for hours without spoiling… unrefrigerated!
And, in some cultures, moms would add powdered silver to their newborn’s first bath… a protection against this harsh world.
Silver, as modern science has discovered, has a lot of powerful healing powers. And unlike many drugs…
Silver Boosts Your Immune System
It acts in three primary ways…
One, the silver particles (called silver ions) have a positive electrical charge that’s attracted to the negatively charged cell membranes of bacteria… just like two magnets coming together.
The silver then ‘steals’ a piece of the bacteria’s membrane (a couple of electrons). This rips a hole in the bacteria’s outer cell wall, causing it to burst or collapse.
Human cells, by comparison, have thicker walls with a neutral charge that doesn’t attract the silver ions.
Two, these silver ions also stick very strongly to the element sulfur.
Sulfur acts kind of like a glue that holds bacteria proteins together. It’s a key component that helps the bacteria digest its food.
But when silver particles get in the way, the bacteria can’t use the sulfur anymore and it starves to death.
Three, silver causes bacteria to produce poisonous substances called reactive oxygen species that rapidly destroy the bacteria from the inside out.
Essentially, it’s like starting a fire inside the bacteria.
And, unlike healthy human cells, which are stronger and have more advanced repair systems, the bacteria has no way to put out the fire.
Germs Don’t Stand a Chance!
Some might get lucky and survive the first attack.
One or two might survive the second one…
But none are going to be able to withstand all three.
…It Completely Wipes Them Out!
Silver was found to be so effective at killing bacteria that people started crushing it into powder and drinking it with water.
Commonly known as colloidal silver, thousands of people attest to its healing properties. It has been said to…
…Support a strong and resilient immune system…
…Free your body to cleanse and restore itself…
…Leave you feeling energized and fully alive…
But for all these potential benefits, there’s a less-than-desirable side-effect, because of the way that colloidal silver is made…
Most of the time, people create a solution with a high concentration of large particles and as a result, the body doesn’t fully process all the silver.
The effect is irreversible too. Once blue, always blue.
Now, the evidence on just how big the risk of taking colloidal silver is is mixed… and some research suggests that if you take it in low doses, you might be ok.
But the potential risk was enough for government health agencies to declare all silver to be “unsafe” and “ineffective” for fighting bacteria.
Choosing to support antibiotics (and the companies that manufacture them), they banned the sale of colloidal silver as a treatment for disease. By doing so, they effectively forced doctors to stop prescribing it… and they shut down funding for research on the antibacterial properties of silver.
But that didn’t stop people from researching anyway, and in a breakthrough discovery, engineers found a way to…
Create a Supercharged Liquid Silver Solution
By charging silver and water with over 10,000 volts of electricity in a carefully controlled process, they caused the silver particles to bond with the water molecules in a particular way.
The silver particles became a part of the molecular structure of the water and were permanently suspended in solution.
They called this new formulation Silver Sol (Sol is short for hydrosol, which is the chemical name for particles dispersed in pure water).
Right from the start, researchers noticed two instant improvements over colloidal silver.
First, the silver particles were nano-sized.
This allowed the silver to be fully absorbed into the bloodstream – where it could do its work to fortify the immune system.
At the same time, because of the small particle size of the silver, the body is able to effectively process and dispose of it. In a double-blind, controlled study, researchers found that the body clears out all silver within 24 hrs. The nanoparticles don’t accumulate in your skin or anywhere else.
In other words, it’s completely safe.
You could drink a swimming pool’s worth of Silver Sol and have no risk of your skin turning blue.
Second, researchers noticed that even at a low concentration (just 10 parts per million)…
These Silver Nanoparticles
Are Devastating to Bacteria
In early lab tests scientists added a few drops of Silver Sol to test-tubes filled with some of the most deadly bacteria and viruses known to man… and the germs were all dead within an hour.
A 2011 study published in the Journal of Virological Methods detailed how silver nanoparticles rapidly took out HIV, Hepetitus B, and H1N1 influenza.
And, another study clocked Silver Sol’s kill rate for MRSA, an antibiotic-resistant bacteria, at just 10 minutes!
Now, there are lots of things that have been shown to kill germs in the lab.
For example, bleach is incredible at killing bacteria.
Thing is… bleach destroys EVERYTHING… including healthy, normal cells in your body. It’s poisonous. You wouldn’t want to drink it.
But here’s what’s interesting about Silver Sol…
Scientists have found that while Silver Sol can be LETHAL to harmful viruses and bacteria, it leaves human cells and tissues alone.
A safety test done by NAMSA, an international medical testing lab, evaluated it using US government guidelines for oral toxicity. And they found that it was…
Harmless to Humans and Animals
Even at 200 Times the Standard Dose!
Normal, healthy cells are left untouched.
But it’s a totally different story for the bacteria and other germs…
In 2007, researchers examined the impact of Silver Sol on mice infected with H5N1 influenza (commonly known as bird flu).
The mice who got the silver treatment had double the survival rate compared with those who didn’t.
The silver killed the virus but not the mice.
Clinical trials to verify this result in humans are yet to be completed, but there are promising signs that Silver Sol could be a powerful aid to the immune system… strengthening it to fight a whole range of deadly illnesses.
In fact, Silver Sol is so safe and effective that the military is already using it for just that. Aside from relying on it to keep their soldiers fit and healthy, I’m told it’s the first thing they apply to a wound to clean it up.
Our troops face enough demands as it is. The Army does what it can to ease the burden.
Just imagine what it would be like if you had the same assistance in the fight against the constant bombardment of everyday life against your immune system…
1) Fewer illnesses…
With a stronger immune system, you’re less likely to get sick.
Instead of lying in bed with a burning fever and painful stomachache… you’ll be free to work, to play, to hang out with friends and family.
And even if you do get sick, your immune system will be strong, to help you recover and bounce back quickly.
2) Space for healing…
With an increased capability for dealing with invading pathogens, your body can focus on doing what it does best… repairing damaged tissues and cells, clearing out toxins, and tuning up for optimal performance.
It’ll leave you feeling fresh, clean, and clear.
3) More energy…
Best of all, without the constant drain on your body… without having to devote so many precious resources to fighting illness, you have the energy and vigor to live, work, and play.
You can reclaim your zest and vitality.
And, the good news is, you don’t have to go join the military to get your hands on this life-changing elixir.
Now there’s an easy way you can…
Experience the Healing Power of Sol-Tech SILVER!
If we haven’t met, I’m Ian Clark of Activation Products.
Ten years ago, I became severely ill; I was overweight and burned out from living the corporate life, constantly travelling all over the country. That’s when I started connecting the dots and discovering alternative and holistic health practices.
One of the key realizations that I had during my recovery was just how critical it was support my body’s natural ability to repair and heal itself. It’s the foundation for everything.
Some time ago, when I first experienced Silver Sol and the transformation it brought on, I knew that I had to get it into the hands of as many people as possible.
So I immediately reached out to the inventors of Silver Sol and we worked together with Activation Products to formulate an exclusive product called PANASILVER – so we can share the gift of this immune-boosting elixir with the world…
Imagine experiencing a healthier, more energized life…
… safe and protected from seasonal health challenges…
… strong and resilient in the face of illness or injury…
… flooded with a previously untapped reserve of energy.
I invite you to…
Try Panasilver Risk-Free!
Love it or KEEP THE BOTTLE!
Fortifying your immune system could cost you a fortune.
And for good reason… being ALIVE is the greatest fortune of all.
But for roughly $1.00 per dose… you can help support the #1 force keeping you alive… your immune system!
All it takes is just one or two spoonfuls a day. You can add it to juice, water, or even take it plain (it has a very slight metallic flavor).
Try it for 60 days… and if you’re not satisfied with your results, contact us for a full refund and you can even KEEP THE BOTTLE!
You will devastate the illness-causing pathogens lurking in your body… You’ll supercharge your immune system to repair, renew, and regenerate your body. You’ll feel energized, clean, and ready to take on anything.
But I will warn you…
Watch Out for Other Silver Solution Products Out There…
There are a host of companies out there trying to sell “liquid silver” products…
Many of them claim to be using “new silver technology”, but they are just selling regular, turn-your-skin-blue colloidal silver.
You have to be careful.
Look for and demand real (and independent) test data… including independent safety reports, efficacy reports, government approvals that prove efficacy, and endorsements from people of expertise that have no ownership in the company.
No family should ever use a product unless it has been proven safe to use. So look for in vivo (living) tests that prove non-toxicity.
Right now, Silver Sol technology – used to create Panasilver – is the only patented and scientifically proven silver solution on the market.
There is a library of more than 300 major reports, studies, and test series’ (by more than 60 different universities, government/military labs and private institutions) standing behind its safety and effectiveness.
Even so, we want to ensure that this is 100%, absolutely risk-free for you, which is why your Panasilver is…
Guaranteed For 60 Full Days
Again, you’ll have 60 days to put Panasilver to the test. This is how strongly we at Activation believe in it.
After taking a daily dose of Panasilver for a full 60 days, I promise you…your life will be transformed for the better.
Here’s what’s going to happen…
You will feel refreshed and clean. You’ll find that your body fights off minor colds and other irritations more quickly. You’ll notice a new-found level of energy. You won’t get tired as easily. You’ll feel more alive and comfortable in your own body.
It will be like you reclaimed the resilience and energy of your childhood.
So here’s the deal:
If you hold up your end of the bargain –taking a daily dose for 60 days – and you don’t feel that Panasilver is everything I’ve promised you…
I’ll refund every penny you spent on Panasilver over the 60 days (less shipping).
I can’t make this any easier and more risk-free for you. You have absolutely everything to gain here.
Of course, this isn’t just about you. It’s about…
Securing the Well-Being of Your Children, Your Family and Your Community
You know that when you or someone in your family gets sick, it doesn’t just affect one person.
Sure, you might feel miserable for a couple days (or longer). You might not be thrilled about the discomfort, pain, or lack of energy, but if it was only about you, you could manage to cope with it.
Yet your life isn’t the only one that’s impacted. When you’re not fully healthy, it disrupts the lives of everyone around you…
You can’t take the same care of your kids and loved ones… preparing meals for them, getting them ready for school or work and being 100% present in their lives becomes a burden.
You can’t contribute as well to your community… whether through your work or volunteering, or even just participating in neighborhood events.
You’re not able to fully support the friend who’s going through a tough time…
When you’re sick… everyone feels it.
And that’s why it’s so critical to care for your body… to give your immune system every support possible so it can keep you healthy and strong.
Because when you’re healthy and strong… your family and community can become healthy and strong too.
So I invite you to get your supply of Panasilver right away…
The essence of masculinity is power. The essence of femininity is love. Men want power; women want love.
Heterosexuality is an exchange of female power for male power expressed as love.
The Illuminati is teaching women to seek power instead of love in order to neuter and destroy both sexes. A Trump test will be whether he stops this war on heterosexuals.
“A man will not care about something that doesn’t belong to him. He should find a woman who is prepared to belong to him, surrender power in exchange for love. The woman is the heart. The man is the head. A creature with two heads is a monster. “
(Slightly revised from June 2012)
I am grateful that I married a traditional woman.
I don’t sacrifice any freedom for love. I am in charge. My wife is comfortable with that. I am twice as free as when I was single.
My wife is passive by nature. Passivity is the natural female principle. The marriage of active (male) and passive (female) is the basis of heterosexuality.
But it is heresy to say so.
Women are now actually ashamed to be homemakers. How did this happen? How did motherhood go from being honored to being stigmatized? This transformation is the trajectory of Illuminist subversion of America. The Illuminists prefer women to be corporate widgets rather than wives and mothers.
A woman needs a man to love her. The notion that she should be “independent” and career-oriented is absurd. As though pounding a mail route is superior to making a home and caring for loved ones. As if obeying a boss is somehow superior to assisting the man who pledged his love and devotion to her.
There is no greater blessing than a woman whose grace, beauty and love warms a home like sunshine. There is no greater gift than the nurturing love she gives husband and children. Only Satanists would try to sabotage and destroy this love. THE PASSIVE (FEMALE) PRINCIPLE
The passive principle is the earth principle. The earth receives sunshine, water and seed and produces life. A woman receives a man’s seed and performs the miracle of human birth.
A woman in love wants to recreate her husband in her children.
Bearing and nurturing the young is the essence of female psychology.
They love (sacrifice themselves) and are loved in return.
A woman is not going to be loved permanently for her appearance or accomplishments. Love is not like that. We love the people who sacrifice for us.
Men also sacrifice by supporting their families and providing leadership. Happiness can only be found in self-sacrifice (love), not self-seeking. Human beings were designed to look after each other.
THE ACTIVE (MALE) PRINCIPLE
The Male Principle is the God Principle- purpose, energy, form and direction.
Women want to look up to their husbands. They tend to seek men who are older and more successful. Why? They want their husband to be like their father was (or should have been), strong, capable, reliable, protective and nurturing.
More than anything, they are seeking emotional and physical security. They feel most secure when they feel possessed by a strong, loving man.
A man should prepare himself for this role. He should have a clear vision of what he wants to do with his life. If he is lost, he might ask God how he can serve Him. What was I born to do?
A man’s first passion should be his work – the source of his power. In contrast, a woman was not designed to get meaning from a career. A real woman’s primary career is her husband and family. A man’s job is to enable her to make that sacrifice securely.
Despite what feminists say, a man should never show weakness. The essence of masculinity is power. Women exchange power for love. When men do it, they become women.
A man should know what role he wants his wife to play. A man usually chooses on the basis of sexual attraction. What else does he want? I appreciate my wife’s reasonableness, intelligence, competence, and sense of humor. She has a graduate degree in Information technology. Think of the long haul. You spend 1% of your time having sex. You need someone who is easy to live with.
Most women were meant to be wives and mothers. A man should think about becoming a father and the responsibility this entails. He is not only providing for his offspring, but also teaching them to be good human beings. He is creating a new world, a family.
Last week, in a largely “under the radar” event, one of China’s wealthiest billionaires (if only on paper), Wu Ruilin, chairman of the Guangdong based telecom company Cosun Group, and whose personal fortune of 98.2 billion yuan ($14 billion) makes him wealthier than Baidu founder Robin Li who is ranked 8th on the Hurun Rich List 2016, shocked Chinese bond market watchers when he defaulted on a paltry 100 million yuan ($14 million) in bonds sold to retail investors through an Alibaba-backed online wealth management platform, citing “tight cash flow.”
Needless to say, many were stunned that a billionaire for whom $14 million is pocket change, blamed “tight cash flow” for defaulting on mom and pop investors. In any case, as South China Morning Post reported, despite the founder’s personal fortune, according to a notice put up by the Guangdong Equity Exchange on Tuesday, two subsidiaries of Cosun Group are each defaulting on seven batches of privately raised bonds they issued in 2014. According to the notice, “the issuer had sent over a notice on December 15, claiming not to be able to make the payments on the bonds on time, due to short-term capital crunch.”
To be sure, yet another default in a Chinese landscape suddenly littered with bankrupting debt dominoes would have been the end of it, however this morning Reuters added to the mystery when it said that the fate of the defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday, after a bank said letters of guarantee for the bonds were counterfeit.
Quoted by Reuters, China Guangfa Bank Co Ltd (CGB) said guarantee documents, official seals and personal seals presented by the insurer of the bonds “are all fake” and that it has reported the matter to the police.
The dispute highlights challenges in China’s loosely regulated online finance industry, where retail investors often buy high-yielding bonds and other assets, expecting them to be “risk-free” due to guarantees provided by various parties.
As first reported last Wednesday, at the center of the latest dispute are up to 312 million yuan ($45 million) worth of high-yielding bonds issued by southern Chinese phone maker Cosun Group that defaulted this month. The bonds were sold through Zhao Cai Bao, an online platform run by Ant Financial Services Group, the payment affiliate of e-commerce firm Alibaba Group Holding Ltd.
Ant Financial has asked Zheshang Property and Casualty Insurance Co Ltd, which wrote insurance on the bonds, to repay investors. On Sunday, Zheshang Insurance published two documents on its website that it said were from CGB carrying the bank’s official seals, and that guaranteed Zheshang Insurance policies for the Consun bonds. The letters were issued at CGB’s Huizhou branch in December 2014, when the Cosun bonds were sold, Zheshang Insurance said.
And yet, suggesting there is a massive landmine hiding just below the surface of China’s bond market, far worse than merely the consequences rising interest rates, on Monday, CGB said the documents were fake and that it had reported the incident to police as “suspected financial fraud.”
While material misrepresentation of facts in Chinese finance is hardly new, the recent alleged violations usher in a whole new breed of fraud, one which is far less nuanced and far more simpllistic and includes outright forgeries of documents that backstop tens if not hundreds of billions in debt. The Cosun dispute follows similar instances of financial fraud this year including forged bond agreements that led to brokerage Sealand Securities sharing potential losses of up to $2.4 billion. In May, the government advised banks to be vigilant after several cases of bill fraud.
Ant Financial on Tuesday said Zheshang Insurance “hasn’t any reason to refuse repayment” which it was obliged to do “within three days” of default.
Making matters worse, the fraud has taken place in the context of a bond default that, according to an Ant Financial spokeswoman cited by Reuters, was a “a one in billions incident” on the platform.
Incidentally, Cosun’s bond issuance totals 1 billion yuan, according to Zheshang Insurance. The insurer’s total registered capital is 1.5 billion yuan.
Should more such “one in billions incidents” emerge, Chinese bond investors – already freaked out by the recent record plunge in Chinese govt bond futures, soaring overnight funding rates, and fears over Fed rate hikes – will rush for the exits just as China’s housing bubble is also popping as reported yesterday, leading to a rerun of the US 2006/2007 dual bursting of the housing/credit bubbles, only this time instead of an $8 trillion financial system, the world will have to backstop China… whose banking system at last check had over $30 trillion in liabilities.
Incidentally, we wonder if now that China’s bond insurers are also under the spotlight, if that means China’s very own MBIA/Ambac moments is imminent, as billions in bond insurance contracts are deemed “fake” by the insurers who would rather not pay up on what is set to be an avalanche of defaults.
* * *
Finally, for those interested in what Bloomberg last week dubbed the “latest China Finance Scare”, namely outright forgeries in various debt products, mostly focusing on Entrusted Bonds, here is a useful primer courtesy of BBG:
There’s another Chinese financial practice that’s prompting high-decibel warnings. So-called entrusted bond holdings are a way for financial institutions to skirt rules on using borrowed money to invest in bonds. How? By getting a third party to buy the bonds and agreeing to purchase them at a later date. What could possibly go wrong? How about the worst rout in China’s bond market in a decade. That’s left regulators concerned about the prospect of investors failing to make good on such arrangements, estimated to involve at least $144 billion of bonds.
1. Why entrust us with this news only now?
Concerns about entrusted bond holdings have worsened the tumble in the debt market. Last week, Caixin cited market rumors when it reported a brokerage called Sealand Securities Co. had refused to take over bonds held by a counterparty. That got investors worried. Oversea-Chinese Banking Corp. then said in a note, citing media reports it didn’t identify, that the entrusted holding agreement may have been tied to alleged fraud by ex-staff. Sealand cleared the air when it said it would in fact fulfill the bond contracts that had been stamped with a forged seal. The whole incident was enough to frighten an already jittery market.
2. So why do investors use entrusted holding agreements?
Brokerages and other institutional investors ask counterparties to buy bonds from them when they need to circumvent internal rules on note holdings and leverage, according to Xu Hanfei, a bond analyst at Guotai Junan Securities Co. Or they can simply have third parties buy the notes directly from the market. The practice boosts leverage by effectively giving the financial institutions loans: As brokerages and institutional investors don’t carry the bonds on their books, they can use the funds freed up on paper to purchase more bonds, which can then be rolled into more such agreements. “Non-bank financial institutions, which emphasize returns, have more motivation to amplify leverage through entrusted holdings,” said Li Liuyang, a market analyst at Bank of Tokyo-Mitsubishi UFJ in Shanghai.
3. How widespread is the practice?
Outstanding entrusted holdings are “in the trillions of yuan,” according to Guotai Junan’s Xu. That estimate is based on the bond holdings of the brokerages and smaller banks that are major participants in such transactions. That means the amount of money tied up in such deals is at least 5 percent of the 21 trillion yuan ($3 trillion) of outstanding corporate notes in China, according to data compiled by Bloomberg.
4. What broader risks does it pose to China’s financial markets?
A default in an entrusted holding could turn what otherwise might have been a problem with one company’s liquidity into a broader credit event, given that multiple parties may be involved, according to Li at Bank of Tokyo-Mitsubishi UFJ. Li says “everyone is worried about similar situations in their transactions with non-bank financial institutions.” OCBC said that things had got so bad that banks were reluctant to lend to non-bank institutions amid a breakdown in trust between investors.
5. What are regulators doing about it?
Authorities including the central bank and the China Securities Regulatory Commission are investigating some financial institutions’ entrusted bond holdings after the Sealand incident, people familiar with the matter said Tuesday. The holdings run contrary to the central bank’s push to trim investments made on borrowed money, according to China Merchants Bank Co. “It’s just a question of when Chinese regulators will clean up entrusted bond holdings,” said Liu Dongliang, a senior analyst at the bank. Tommy Xie, an economist in Singapore at OCBC, says China’s market rout may prompt regulators to strengthen rules on entrusted holdings. He describes them as “a common practice in the grey area of the bond market.”
This story is the second in a series called “Real Women, Real Stories,” a social project designed to promote awareness of the often unseen hardships women face in different professions and places around the world. Read the first story in the serieshere.
When I was a little girl in my native Belgium, I was put to work as a sex slave.
My mother sold me, and drove me wherever, whenever she got the call. The boss of this pedophile network was a Belgian cabinet minister. The clients were members of the elite. I recognized people from television. Their faces were familiar to the masses, while I was confronted with the dark side of their power addiction — the side no one would believe existed. I came across VIP’s, European heads of state, and even a member of a royal family.
Around my sixth birthday, in 1969, I was taken to an orgy for the first time, in a castle. I was used for an S&M show, on a low stage, chained up with an iron dog collar, and made to eat human feces. Afterwards, left lying there like a broken object, I felt so humiliated, I had to do something to save my soul, or else — and this I knew for certain — I would have withered and died.
I raised myself up, and stood looking at the bizarre crowd of aristocrats dressed up as hippies, swaying to the music in various levels of sexual interaction, busily availing themselves of little pills and pre-rolled joints passed around on silver trays by sober waiters. I trembled in fear, but my body straightened and stilled itself like a bow in suspense before the shot, and I heard my voice as though it were not my own, chiding the adults, telling them that this was wrong – that I was going to tell on them, and that they would all go to jail.
Trippy, spacey music was oozing through the atmosphere and most people were too high to notice me. One man, wearing a business suit, caught my eye. He looked scared, but he held my gaze for a brief moment, and seemed to feel for me. Then he was gone. I never saw him again in the network, but years later I did spot him on TV. He became a prominent Belgian politician.
I was quietly led away and taken to a cellar. I was certain that I was going to be killed, but instead I was shown the fresh body of a young murder victim. I was to remain silent.
During the week, I went to school. I was a shy girl, with few friends. I remember, once, in the second grade, becoming aware of an energetic shift in the room, to realize all eyes were on me. The teacher had been calling on me, and I had been too spaced out to hear. She wondered out loud if I knew the answer to the question she had asked, and I sat in embarrassing silence while the class laughed.
I was a nonentity at school, and at home no one cared for me. I received more attention in the network. It felt good to be viewed as the most perfectly beautiful, sensual object by powerful men with high standards in taste. This was the only positive in my life, and I clung to it as my only raft to keep from drowning in a sea of shame and self-loathing.
After four years of surviving the network, when I was 10, a new guest brought along his 20-year-old son: tall, dashing, blond, and blue-eyed. He boldly advanced toward me. I smiled, and he called me a little whore. Not since the first time I had been brought to an orgy, four years earlier, had I expressed my true feelings. I was furious.
“You think I like it here?” I sneered.
This interaction started the most intense year of my life, in which I would feel more than ever loved, seen, and understood, and would be more than ever abused, all by that same young man. A year later, when he was through with me, I was of no use to the network anymore, and was to be killed. When my torture began, he stood watching, laughing.
This was the third time that my entire being became filled with an otherworldly force. Fierce pride straightened my body. A burning cigarette was put out on my forearm. My energetic body latched onto his in pure defiance. The thought “I don’t need you!” had become me, and all I saw was the energy behind the troubled ocean of blue in his eyes, and the love in spite of all the pain he had passed on to me.
I was led away to a small room, and strapped onto a butcher’s block. The man who tortured me was one of the defendants in the notorious Dutroux case, which, when it broke the news in 1996, was believed it would blow up the Belgian pedophile network. But instead, eight years later, only Marc Dutroux received a life sentence. I should have died that night in 1974 on that butcher’s block, but my life was saved at the last minute.
While I had been tortured, the young man had been negotiating with the politician in charge of the network. They made a deal: he would work for the politician, extend his shady services in exchange for my life. This one good deed eventually cost him his own life. In this milieu, any shred of humanity is a deadly weakness.
My life was spared, and I was told to remain silent forever. It took me 40 years before I could speak up.
In 1988, when I was 25 years old, I was walking downtown Los Angeles, near Skid Row, and got a faint, specific whiff of human feces, and was assaulted with the memory of the extreme humiliation I had suffered as a child. My instant thought was: “If this is true, I’m going to kill myself.”
I was too identified with the experience, and the shame was too great. I wasn’t ready, and pushed the memory back into the subconscious. It would take several more years, many more hours of therapy, to finally share this memory with one safe person.
I share this experience publicly here for the first time, having finally reached a place in my healing where I have access once again to the strength that came through me in those moments of clarity in the network. I also believe that the world is more than ever ready to confront its darkness. We have to, if we are to survive as a species.
All survivors of incest, sexual abuse, and sex trafficking have my strength. Though I suffer from PTSD, and, for example, I still become nauseous whenever I hear a certain kind of airy, trippy music, I’ve become so mindful of triggers that they don’t control my everyday existence. It takes so much energy to survive not only the physical violence, but to endure the psychic drain of abuse — to carry the shame.
In the following brand new interview, Rick Wiles of True News has the one and only Dr. Jim Willie on to discuss Dr. Willie’s forecast for the 2017 economic outlook. Prior to Dr. Willie’s 2017 forecast, the first 15 minutes of the interview is not to be missed under any circumstances. To say that the interview goes down some interesting paths during the first 15 minutes would be the understatement of the century.
As usual, sit back, grab a cup of hot cocoa, and enjoy the show! Among some of the major topics covered include the Japanese becoming the #1 holder of U.S. debt and how that affects us and the future of the Dollar, serious problems with the European banking system, India’s conversion toward a cashless system, and more…
Don’t believe the lies. Islam doesn’t mean peace. And every single good Muslim knows this FACT. But that doesn’t stop them from pushing the ‘peace’ narrative. It works well with the massive wave of opportunistic Muslim migration. In fact, it’s a key aspect of the dissimulation that allows the European Migrant Crisis to continue to spiral out of control.
the tragic and mysterious death of film producer David Crowley, his wife and young daughter who were all found dead in their Apple Valley, MN home, weeks after the incident took place. Few details have emerged since then. The latest news pieces such as here and here leave more questions than answers. According to the Hennepin County Medical Examiner, all three have been officially identified and died from gunshot wounds to the heads, weeks ago. Even though the deaths were being treated as suspicious and the back sliding door was found ajar, police have labeled it a murder-suicide.
The direction of the production and release of Crowley’s anticipated fictional film Gray State – which depicted a bleak America with totalitarian rule, a police state and detainment camps – is unknown. However, a rough cut of the dual production documentary, Gray State: The Rise is available to watch.
The 2hr 39m film (below) features significant video bytes as well as interviews from Adam Miller, Col. Douglas McGregor, Adam Kokesh, Luke Rudkowski, Stewart Rhodes, Mark Dice, Alex Jones, Jason Bermas, David Crowley and more. The original finished version was to feature Abby Martin, Aaron Dykes, Jordan Page, and many more.
This is the raw, uncut an unfinished version of Gray State: The Rise. One upload made, possibly by the original uploader, was then removed out of respect for family and contributors. A news story makes it clear that Crowley was on the brink of releasing the final version a few weeks from December 17th which might be the last time anyone had contact with him. It is unclear if the world will ever see that version. Since the video of his project is publicly available, we have posted one below. Two other upload sources for it are here and here.
The content centers on the ruling elite, government corruption, deliberate economic devastation, police state tactics – militarization of police and brutalization, problem-reaction-solution, mass indoctrination/propaganda, all forms of surveillance, counterterrorism, left/right political paradigms, individualism, communism, cognitive dissonance, military and war.
WARNING: Do NOT watch GRAY STATE!
WARNING: Do NOT watch GRAY STATE!
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