The most biblically hostile President of all time?

 

David Barton has come out with a list explaining why Barack Obama is possibly the most biblically hostile President of all time. While most of these stories have been seen before, seeing them all laid out in one list is pretty astonishing. Parts 1 and 2 are below, the rest can be seen here!

1. Acts of hostility toward people of Biblical faith:

  • April 2008 – Obama speaks disrespectfully of Christians, saying they “cling to guns or religion” and have an “antipathy to people who aren’t like them.”
  • February 2009 – Obama announces plans to revoke conscience protection for health workers who refuse to participate in medical activities that go against their beliefs, and fully implements the plan in February 2011.
  • April 2009 – When speaking at Georgetown University, Obama orders that a monogram symbolizing Jesus’ name be covered when he is making his speech.
  • May 2009 – Obama declines to host services for the National Prayer Day (a day established by federal law) at the White House.
  • April 2009 – In a deliberate act of disrespect, Obama nominated three pro-abortion ambassadors to the Vatican; of course, the pro-life Vatican rejected all three.
  • October 19, 2010 – Obama begins deliberately omitting the phrase about “the Creator” when quoting the Declaration of Independence – an omission he has made on no less than seven occasions.
  • November 2010 – Obama misquotes the National Motto, saying it is “E pluribus unum” rather than “In God We Trust” as established by federal law.
  • January 2011 – After a federal law was passed to transfer a WWI Memorial in the Mojave Desert to private ownership, the U. S. Supreme Court ruled that the cross in the memorial could continue to stand, but the Obama administration refused to allow the land to be transferred as required by law, and refused to allow the cross to be re-erected as ordered by the Court.
  • February 2011 – Although he filled posts in the State Department, for more than two years Obama did not fill the post of religious freedom ambassador, an official that works against religious persecution across the world; he filled it only after heavy pressure from the public and from Congress.
  • April 2011 – For the first time in American history, Obama urges passage of a non-discrimination law that does not contain hiring protections for religious groups, forcing religious organizations to hire according to federal mandates without regard to the dictates of their own faith, thus eliminating conscience protection in hiring.
  • August 2011 – The Obama administration releases its new health care rules that override religious conscience protections for medical workers in the areas of abortion and contraception.
  • November 2011 – Obama opposes inclusion of President Franklin Roosevelt’s famous D-Day Prayer in the WWII Memorial.
  • November 2011 – Unlike previous presidents, Obama studiously avoids any religious references in his Thanksgiving speech.
  • December 2011 – The Obama administration denigrates other countries’ religious beliefs as an obstacle to radical homosexual rights.
  • January 2012 – The Obama administration argues that the First Amendment provides no protection for churches and synagogues in hiring their pastors and rabbis.
  • February 2012 – The Obama administration forgives student loans in exchange for public service, but announces it will no longer forgive student loans if the public service is related to religion.

2. Acts of hostility from the Obama-led military toward people of Biblical faith:

  • June 2011 – The Department of Veterans Affairs forbids references to God and Jesus during burial ceremonies at Houston National Cemetery.
  • August 2011 – The Air Force stops teaching the Just War theory to officers in California because the course is taught by chaplains and is based on a philosophy introduced by St. Augustine in the third century AD – a theory long taught by civilized nations across the world (except America).
  • September 2011 – Air Force Chief of Staff prohibits commanders from notifying airmen of programs and services available to them from chaplains.
  • September 2011 – The Army issues guidelines for Walter Reed Medical Center stipulating that “No religious items (i.e. Bibles, reading materials and/or facts) are allowed to be given away or used during a visit.”
  • November 2011 – The Air Force Academy rescinds support for Operation Christmas Child, a program to send holiday gifts to impoverished children across the world, because the program is run by a Christian charity.
  • November 2011 – The Air Force Academy pays $80,000 to add a Stonehenge-like worship center for pagans, druids, witches and Wiccans.
  • February 2012 – The U. S. Military Academy at West Point disinvites three star Army general and decorated war hero Lieutenant General William G. (“Jerry”) Boykin (retired) from speaking at an event because he is an outspoken Christian.
  • February 2012 – The Air Force removes “God” from the patch of Rapid Capabilities Office (the word on the patch was in Latin: Dei).
  • February 2012 – The Army orders Catholic chaplains not to read a letter to parishioners that their archbishop asked them to read.

You can read the entire list  here.

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Can you remember the economic crisis of 2008 and how you felt when the news broke that Lehman Brothers had collapsed? I have found an economic threat that everyone needs to be aware of, so you can prepare yourself in case we see another 2008 type collapse. I am going to present the evidence to you and I urge you to verify everything and to form your own opinion.

What is that threat?

It is a bank called Deutsche Bank. They are by far the most dominant bank in Germany which is the world's fourth-largest economy. In 2018 they had €2.08 Trillion worth of assets and the second-placed bank (DZ Bank) had €506 Billion worth of assets. To show you how dominant this bank is, they have more assets than the 2nd, 3rd, 4th, 5th and 6th sized banks combined.
When we review a business there are three key parts to analysis:

  • Market sentiment
  • Business numbers
  • Technical Analysis

Market Sentiment

Deutsche Bank has a long history of potential scandals including going all the way back to World War 2 and dealing in Nazi gold. Below are five recent stories which have increased the negative sentiment around Deutsche Bank.

  1. In 2007, they purchased a portfolio of loans worth $7.8 billion and purchased insurance from Warren Buffets Company. It was discovered they did not set aside enough capital to cover any potential losses. Over the course of the ten years, they lost $1.6 billion, and when they sold the loan they did not update their financial statements to include the big loss
  2. The Panama Papers are an ongoing investigation looking for many things including offshore tax havens. These investigations have resulted in several heads of state resigning including in Iceland and Pakistan. Last November, 170 police raided 6 different offices in Frankfurt looking for evidence of money laundering.
  3. Estonia is a small country in Eastern Europe. It has a population of 1.3 million people and a GDP of €26 billion. In January, it was discovered Deutsche Bank got involved with a Danish bank called Danke Bank and processed over $230 billion worth of cross country payments (including from Soviet Russia) through one bank in Estonia.
  4. There have been rumors of issues with Deutsche for a while now and one of the solutions put forth was a merger with a bank called CommerzBank. The leaders of both companies met and they even got support from politicians. In April, news broke that the merger talks had failed because over worries the risks and costs would be too great.
  5. Last week in France, Investment banking boss Garth Ritchie and others were arrested in France over illicit tax transactions.

Business Numbers

Deutsche Bank is already struggling as they are losing staff, losing market share, and bonuses are expected to be down at least 10% and further rounds of cost-cutting to come. Now imagine the impact if business costs start going up.

The banking industry works in a very simple way. They raise funds through large bonds at low-interest rates and then sell those funds to business and individuals thru products like loans and credit cards at a higher interest rate which results in a potential profit.

Earlier this year, Deutsche Bank tried raising money through several bonds. They paid 180bp (basis points) on a two-year bond and 230bp on a seven-year bond. Let me put this in context for you. There is a small bank in Spain called Caixabank which paid 225bp on a five-year bond and one of the larger banks in Spain, BBVA paid 130bp on a five-year bond.

  • How and why is a small bank in Spain getting a better deal on bonds than a huge bank in Germany?
  • Why is a large bank in Spain getting a bond 100bp cheaper than a German bank?
  • What does the market know that we do not?

Stock Price

Deutsche is also missing revenue projections which further hurt the business ability to survive and prosper. As you can imagine all of this news has a deep and lasting impact on its stock price which is in deep trouble. Before I share the stock price, I need to put this into the context of the market and the industry compared to the big economic crash of 2008. Below you will see a chart of some banking stocks from around the world with their peak price prior to the 2008 crash, the low of the 2008 recession and the price today:

As you can see from the above chart the banks in America have recovered from the 2008 recession by anywhere up 375% and JP Morgan has not only recovered its price in full but is constantly setting new high's. Ireland went bankrupt and had to be bailed out by the EU/IMF following the 2008 crash and even our national bank has more than doubled its price since 2008. The worst performing bank I could find was Societe Generale which has issues but is still hovering around its 2008 low price levels.

Now let's put that into the context of Deutsche Bank. Not only has the stock not rebounded but it is over 65% below its 2008 low at $6.75.

Technical Analysis

When you are dealing with the stock market, you also have people who study pricing through technical analysis. Experts look at things like FIB sequences, trend lines, and support levels. Support levels are a key metric for a stock failing because are looking to find where it will find support and potentially bounce higher.

We are very close to a key support level ($6.40) and if the price goes below this level, there is no saying exactly how low the price could go. At least one company expects Deutsche to fall below this support level, as several weeks ago UBS downgraded the stock to a sell order. This news was compounded last Friday when rating agency Fitch, downgraded their credit rating to BBB or two levels above JUNK status.

Other Information

I know you are likely reading this and thinking "this bank must have smart people in charge and surely they have a plan, right?" I am sure there is a plan and while they have kept their cards close to their chest, they have spoken in the past about the areas they foresee having growth for the company – they include business in Saudi Arabia, UAE, and Egypt. Do they strike you as countries which are stable and will offer steady and reliable growth? Do you have to think really hard to imagine how this could go potentially very wrong?

Questions

I believe there is at least a solid case Deutsche is in a LOT of trouble. So what are possible scenarios for the future? I will lay out the key questions below but I must stress that it's impossible to say for sure what exactly will happen. One of the key numbers to remember here is they have roughly €50 billion worth of derivatives.

  • How likely is it that the bank can turn things around and survive?
  • How likely is it the bank continues to run into trouble, its stock price fails and eventually fails?
  • If you think it is likely it will fail, the question becomes what will the fallout be? Who will be affected?
  • Will they be bailed out?
  • If so, by whom? The German government, ECB, IMF, the Federal Reserve?
  • What will the German government think? Some members recently spoke out saying they would block public money for the proposed merger? Will they block funds if it failed?
  • Will other banks be exposed and affected? Will they have to take losses?
  • Will those losses be spread around or will one or more bank be mainly affect?
  • Will this affect the sentiment of the banking sector and cause a panic?
  • If there are issues and it starts affecting the stock prices, what will be the impact on other industries?

Last Question

The last question revolves solely around the banks and the regulators? How secure are the other banks? We all hear about how banks are now put through "stress tests" but how much trust do you put in those results? How much trust do you have in the regulators?

I know this may make me sound like a conspiracy theorist to some but it's an honest question. The Fed is on public record saying they want to keep this economy strong as long as possible. If a bank did not perform strongly in a stress test or even barely failed one, do you think they would report it?

Can you imagine the pressure that body would come under to stay silent? Can you imagine the rhetoric they would face with questions like, "Are you really going to fail one bank? Do you know how many people will lose their jobs if you do that?" Am I saying this is happening? No, but can you really rule it out 100% as a possibility?

I urge you to ponder on these questions, do your own research and find YOUR answers.

Update: The most freaquently asked question I have received from this column / show is how much time do we have to prepare. This is an impossible question to answer, as it could fail tomorrow, next week or might be next year. However I want to provide you a potential date for your diary – July 24th. That is when Deutsche will release their next earnings report and if it comes in below expectations, it could cause a further drop in price casting more doubt over the future viability of the bank.

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Survey: Where do you stand on these conspiracy theories?

Thought Catalog / Unsplash

Have you seen this survey on the most-believed conspiracy theories in America?

It's no surprise the survey has been getting so much attention. The results are actually a pretty disturbing.

Infographic: Belief in Conspiracy Theories in the United States | Statista

I decided to put together a quick survey of my own, with slightly different wording.

Up-vote the ones you agree with and down-vote the ones you disagree with.

I believe Lee Harvey Oswald killed JFK alone. However, I would not be surprised to find out the government sealed evidence that others were involved.

If by "deep state" you mean long-time Washington power brokers who are used to calling the shots and now feel threatened by Donald Trump not listening to their advice or council — yes, I do believe that many people like that are working against him and his administration.

Whether alien bodies are in Area 51 or not, I do believe the government knows more about UFOs than they have told us.

I do not believe the U.S. government was involved in 9/11, but as we know, NSA advisor Sandy Berger was caught destroying documents from the national archives related to both Bush and Clinton. All U.S. administrations have been to close to the Saudis, and the Saudis were involved in 9/11 at some level.

I believe the climate is always changing — it's natural. I would be willing to accept that man MAY play a role in this. But I do not believe in the solutions currently being discussed, nor do I believe the intention of most political activists are pure.

Any talk of the Illuminati provides the true dangers to man's freedom — like very powerful NGOS and men like George Soros — a perfect cover.

The U.S. government has done some horrible experiments on people and land — I also suspect they will do more things in the future. But I do not believe in the systematic spraying of chemicals using chemtrails.

The moon landing was real, but I see a time coming when people will not be able to trust their eyes due to deep fakes.

What do you think?

Let me know in the comments section below.