another site
Median household income peaked at least 15 years ago in 81% of US counties. As WaPo reports, for a stunning 210 counties, income peaked over 45 years ago!!!
Click image for large interactive version…
What does all this mean?
Simple – adjusted for inflation, the great majority of middle-class houoseholds are earning far less money than they did years ago.
via Zero Hedge http://ift.tt/1wx1gKV Tyler Durden
As we noted previously, counterparty risk concerns (and thus financial system fragility) are starting to rear their ugly heads. In the mid 2000s, it was massive one-way levered bets on "house prices will never go down again." When the cracks started to appear, the mark-to-market losses in derivatives led to forced liquidations and snowballed systemically. In the mid 2010s, it is massively levered one-way asymmetric bets on "commodity prices [oil] will never go down again." Meet WTI-structured-notes… the transmission mechanism for oil-price-shocks blowing up the financial system.
Because nothing says exuberant ignorance like limited upside, unlimited downside OTC (illiquid) derivatives…
Here's BNP Paribas' 1-Yr WTI-linked notes that collapse if oil drops below $70…
And Credit Suisse's ironically-names "TWIn-win" notes that collapse once oil prices close below $65
And finally Barclays, Leveraged Contingent Buffer Enhanced Notes Linked to the Performance of WTI Crude that start to die if oil prices close below $77.28
* * *
All of these "notes" are simply bundles of risk-free bonds subsidized by written derivative premiums on oil-prices – and sold to greater-fool yield-reaching muppet investors around the world who never saw a short-term tren they did not extrapolate – the question is – who is on the other side of all these notes? Especially now that capital is actually being eroded instead of simply less gains…
The snowball is starting (which explains why bank credit spreads have started to bleed higher)
We are still trying to size this market but its complexity and recent issuance suggest it is anything but "contained."
Read more here via @CalConfidence
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The Federal Reserve conducted a study on Millennials and tried to ascertain why so many of them are living at home. Is it too much student debt? Lower incomes? Or is it that home prices are simply unaffordable? The study finds that all of these factors have a big impact on why many Millennials are living at home and why the first time home buyer market is performing so badly. It also gives us insight into the shifting building demand of new construction. Many builders are focusing their energies on multi-unit structures to cater to an audience that will look for rentals or lower priced condos. There is a heavy renting trend undertaking this country. We are seeing a record numbers of young people living at home with mom and dad heading directly back into their childhood rooms to rock out the NES and attempting to pass Super Mario Brothers once again. There are major implications for housing because of this new structural change. First time home buying is down dramatically. Construction is catering to a lower income cohort. Let us look at what the Fed found in their report.
The massive number of young adults living at home
One of the interesting findings is that the trend of young adults living at home has continued on an upward slope going all the way back to 1999. Even the toxic mortgage days of Housing Bubble 1.0 didn’t really shift this figure by much. But the homeownership rate increased which means that the push came from older cohorts or young buyers that had the misfortune of buying near the top (and of course many were burned in epic fashion).
So let us look at the findings:
Nearly half of those 25 years of age are living at home with parents. The rate is up to 30 percent for those 30 years of age. These are dramatic increases from 1999. There has been paltry data on the makeup of housing composition because some were saying that many were shacking up with roommates. That does not appear to be the case:
If you were placing a bet, you would be in a good position putting your money on those 25 years of age living at home with parents. The first time home buyer market continues to perform pathetically. Of course, with investors pulling back we now have the FHFA trying to push for 3 percent down payment loans to get the juices flowing again. We are already at 5 percent down payments so this move to 3 percent will likely offer minimal help for younger Americans.
One of the better graphs from the Fed report is the combination of all these factors into one spot:
The homeownership rate of the 30 year old cohort has tanked starting in 2007 with the market implosion. That is very clearly illustrated by the green line above. Why? These were the folks buying with toxic mortgages and timed the market very poorly (or simply had bad luck). The rate of those young adults living at home has gone up unabated since 1999. Of course the increase in home prices has been driven by investors and this will simply make it harder on a cohort with lower incomes and much higher levels of student debt.
It is safe to say that many more young Americans will be renting deep into their adulthood. It is also safe to say given the current cost of college that many more young Americans will be coming back home to live with mom and dad. The Fed’s findings are simply reinforcing this trend.
Given the boom and bust nature of housing, we already see that the rate of price increases is slowing down very quickly:
The pattern seems to be clear. Prices ramp up. The economy hits a hiccup. And prices come trending lower. This even happened in the 2010 to 2012 period. Look at where we are at right now. And the recent run up in 2013 was largely driven by a fickle group in investors.
Millennials are living at home for the following reasons:
-Heavy levels of student debt
-Lower wages
-Inability to afford current home prices and in many markets, current rents
So how this sets up for a pent up demand for expensive homes or nicely painted crap shacks is really beyond the data.
The demand will be from older Friskie eating households, investors, and foreign buyers.
* * *
It was interesting to see the number of EB-5 visas being pumped out largely to those from China:
“(WSJ) To finance the concrete-steel platform, Related tapped a little-known and at times controversial federal visa program known as EB-5, which offers green cards to foreign families who invest at least $500,000 in U.S. projects that create at least 10 jobs per investor.”
It doesn’t even have to be 10 jobs necessarily but the hours have to work-out to the equivalent of 10 jobs. I’ve heard of people buying places like yogurt stores or fast food chains. Not exactly 10 great paying jobs but enough to keep young adults living at home with mom and dad. Since real estate volume is low margin in some markets, even having a few hundred buyers in one area can shift prices dramatically:
“(WSJ) These investors aren’t coming for the investment,” said Yi Song, a New York lawyer who works with Chinese clients. “They are coming here for their children to obtain a better education and to get residence as an insurance policy.”
The EB-5 program was virtually non-existent in terms of volume even just a few years ago. That is no longer the case.
But again, the demand isn’t coming from younger Americans that are suddenly making so much money that they are buying real estate. Short of better paying jobs, the first time buyer market is going to have a tough time.
via Zero Hedge http://ift.tt/1ss8ce5 Tyler Durden
Despite misses on gold and the US Consumer, Citi's FX Technicals "12 Charts of Christmas" performed well in 2014 and today they unveil the the 12 most important charts (in their view) that establish a “starting point” for their outlook on markets as we head into 2015.
Via Citi FX Technicals,
What do we believe for 2015?
Overall: A more resilient economic/employment recovery in the US should be favourable for the USD and see US yields (in particular short end) head higher. Europe, along with the EURO, will continue to struggle. The backdrop for Equity markets overall should be positive, as a lot of liquidity remains in the system despite the withdrawal of accommodation by the Fed.
A similar move in magnitude to the 1995-1998 period would suggest that 140 is “in the crosshairs”
The present set-up in volatility is more like that seen in 1993/1994 than 2007. As a consequence, we suspect the trend low is in and a more normalised level of volatility can be expected in 2015 (more likely in the mid to high teens than single digits).
A monthly close this December above 56 bps would give an outside month (arguing for higher yields). The last time this happened was at the May 2013 lows. From the close that month we went 25 bps higher in less than 4 months.
A bounce back towards ~$90 or above looks likely over the next 12 months (WTI).
A decisive break of 2.62 suggests much higher levels with a target as high as 3.70.
And summarizing Citi's strongest conviction 2015 views…
via Zero Hedge http://ift.tt/1A9F4XO Tyler Durden
The Oil story is being misinterpreted by many investors.
When it comes to Oil, OPEC matters, as does Oil Shale, production cuts, geopolitical risk, etc. However, the reality is that all of these are minor issues against the MAIN STORY: the $9 TRILLION US Dollar carry trade.
Drilling for Oil, producing Oil, transporting Oil… all of these are extremely expensive processes. Which means… unless you have hundreds of millions (if not billions) of Dollars in cash lying around… you’re going to have to borrow money.
Borrowing US Dollars is the equivalent of shorting the US DOLLAR. If the US Dollar rallies, then your debt becomes more and more expensive to finance on a relative basis.
There is a lot of talk of the “Death of the Petrodollar,” but for now, Oil is priced in US Dollars. In this scheme, a US Dollar rally is Oil negative.
Here’s the US Dollar:
Here’s a chart showing an inverted US Dollar (meaning when the Dollar strengthens, the black line falls) and Oil (blue line):
Oil’s collapse is predicated by one major event: the explosion of the US Dollar carry trade. Worldwide, there is over $9 TRILLION in borrowed US Dollars that has been ploughed into risk assets.
Energy projects, particularly Oil Shale in the US, are one of the prime spots for this. But it is not the only one. Emerging markets are another.
Just about everything will be hit as well. Most of the “recovery” of the last five years been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more “risk assets” (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.
If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system
And that’s assuming NO increased leverage from derivative usage.
The story here is not Oil; it’s about a massive bubble in risk assets fueled by borrowed Dollars blowing up. The last time around it was a housing bubble. This time it’s an EVERYTHING bubble. And Oil is just the canary in the coalmine.
If you’ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report Financial Crisis "Round Two" Survival Guide that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.
You can pick up a FREE copy at:
Best Regards
Phoenix Capital Research
via Zero Hedge http://ift.tt/16ms4VG Phoenix Capital Research
Submitted by Jeffrey Snider of Alhambra Partners,
It is amazing the speed at which FOMC officials have embraced not falling oil prices but collapsing crude. The pace of the decline is being driven, contrary to the fracking miracle, by the fact that nobody seems to want to bid on the stuff. That is, as I noted earlier, a demand problem.
But officials like Fed Vice Chair Stanley Fischer and FRBNY President Bill Dudley are saying that these lower oil prices, due to lower demand, will end up boosting demand – big time. That is the essence of their argument, that recession is the latest “stimulus.” They are forced all onto one side, as in the price having already fallen without ever addressing, because they simply can’t, why prices have collapsed in the first place. Such relevant material is conspicuously absent:
Fed Vice Chairman Stanley Fischer and New York Fed President William C. Dudley, speaking at separate events yesterday in New York, both stressed the positive economic impact from the steepest decline in oil prices for five years…
He also said lower oil prices were “a phenomenon that’s making everybody better off.”
Again, “everybody better off” because everybody is already worse off. That is what happens when these policymakers are forced off script. I don’t believe for a second that anyone at the FOMC, or any orthodox economists, is comfortable with oil prices here. These are people that believe, to their very core, that “inflation” is the primary means to express positive economic growth. Lower oil prices, let alone this 40% breakdown, are anathema to the orthodox way of life. That is why they are forced into this Abbott and Costello routine of embracing the “tax cut” effect of lower prices while maintaining that they can still easily attain their inflation target that hasn’t been met in almost three years.
If we set that aside, however, and just focus on the “stimulus” aspect of energy prices, it is clear that this is something that has been modeled, meaning it is “valid” to the economist (statistician):
The lowest oil price in four years will provide stimulus of as much as $1.1 trillion to global economies by lowering the cost of fuels and other commodities, according to Citigroup Inc.
The problem with regressions is the assumptions you make about independent variables and error terms (the essence of chaos theory and fractal geometry). The estimate provided above is another example of the greatest deficiency of econometrics, ceteris paribus. In other words, all else equal, falling oil prices are a boon to consumers. That is essentially the Fischer/Dudley stance acted out in incomplete math – incomplete because ceteris paribus doesn’t address, like Fischer and Dudley, why oil prices are falling in the first place.
Instead of providing a “tax cut” –like effect, oil prices are recognizing economic “anti-stimulus” (recessionary forces) which far overwhelm any crude (pardon the pun) benefit.
That does seem to be the case in US history, at the very least. Every time oil prices fall significantly the “stimulus” aspect of that is nowhere to be located. That is most evident during the worst of the Great Recession itself, as oil prices imploded, falling by almost 80% at the bottom. Despite that massive “boost” to consumer discretion, and the one that preceded it by two years, we saw the worst economic contraction in three-quarters of a century. The recent decline in oil, both WTI and Brent, is on par only with that decline having far surpassed anything else of the past decade (and about matching the decline in oil prices during the dot-com recession).
For an economist, ceteris paribus is meaningful; for the real world the rest of us inhabit, whatever small “stimulus” is provided by the collapse in oil prices is diminutive to the point of irrelevance by “whatever” is causing that decline in the first place. Some are still trying to make that a supply argument, but at least the bond market is not “buying” it.
Nor is China.
via Zero Hedge http://ift.tt/1GE86AQ Tyler Durden
One month ago, shortly after we reported that “Silver Coin Sales At US Mint Soar To Highest In Two Years” we learned that the “US Mint Sells Out Of Silver Eagles Following “Tremendous” Demand.” That, however, did not prevent the mint from selling just about 5 million ounces in the period since the announcement, and as Reuters reported last week, “Strong investor demand lifted American Eagle Silver Bullion coin sales to a record for the second straight year, the U.S. Mint said on Tuesday.”
Silver Bullion coin sales have reached 42.9 million coins so far this year, up from the previous record 42.7 million coins last year, the U.S. Mint said in a release. The coin sales on Dec. 8 reached 495,500, lifting them above the 2013 record, the Mint said.
Reuters added that “silver coin sales fell 40.8 percent in November to 3.43 million ounces” which perhaps was to be expected considering the Mint had just sold out of Eagles and the delay associated with coining more and putting them into inventory.
In any event, since the Reuters announcement, another half a million American Eagles have sold direct from the mint, and the total now stands at an even record-er 43.3 million ounces.
For those confused, it is clear that another year of record demand for physical silver explains why the price of silver is down 12.5% in 2014 after being down 36% last year. Why? Because as we said a month ago, “when it comes to precious metals, thanks to the BIS and the central banks, Paper beats Rock every time.”
via Zero Hedge http://ift.tt/1qO2ZMm Tyler Durden
The name Geoffrey Raymond needs no introduction on Zero Hedge, although for those few who may be unfamiliar, he is the artist who traversed Wall Street in the days after the Lehman bankruptcy, the Madoff ponzi blow up, the AIG bailout, and – most recently – after the London Whale fiasco – and annotated the feelings of (recently or soon to be fired) bankers toward their employers. In short: any time Raymond is located on the street corner in front of any given bank and collecting annotations, all hell is likely about to break loose (or already has).
He is also best known on these pages for opening up the annotation of his unique “Cramer Naked Short” painting to Zero Hedge readers.
In recent years Geoffrey Raymond’s annotating opportunities have slowed to a trickle courtesy of every central bank going all-in on some $11 trillion in QE (and rising fast) to create the artificial impression that the financial system is stable (because in some parallel universe 6 years of endless bailouts somehow is equivalent to stability and is expected to “boost confidence”), although if recent market volatility is any indication, he may soon be making a repeat appearance, if only in front of energy trading desks at first.
And while we await Raymond to once again make mainstream media headlines, he has a special holiday gift idea for all those Zero Hedgers who have not yet parlayed their trillions (if Joe LaVorgna is correct) in savings from plunging crude prices into even more consumerism.
Presenting “Existential Rage in the Workplace” from Geoffrey Raymond:
This is one of my “map” paintings, all of which feature a title, a “black hole,” and a red dot that indicates “You Are Here.” This one is a Zero Hedge painting but the idea is that you can insert your title of choice. So if you work at JPMorgan now, or you used to work at Bear or SAC Capital — just to pick two at random — that becomes the title. Or, if you like to fly the ZH flag, you are welcome to one like this.
It’s an expression of existential rage — something we all need to get off our chests every once in a while. Particularly around the holidays.
These are actual paintings, not prints. Because of this, the size and shape of the black hole varies quite a bit. Each painting measures 2’x3′. Larger sizes are available.
For purchasing details and/or for customization/annotation requests click here, while those who wish to converse directly with the artist, can do so as well.
Unconvinced? Remember: according to mainstream economists oil prices are so low that the painting is essentially free. And even if it isn’t, it is only a matter of time before Obama enacts an executive order that it is every American’s patriotic duty to spend a minimum monthly “low oil price tax savings” quota on purchases. Think of it as just ftontrunning all out fascism.
via Zero Hedge http://ift.tt/12OOjl6 Tyler Durden
Within the last 90 days there has been more convoluted messaging coming from the financial media, the main stream, as well as academia than I can remember. The more one looks or tries to find relevant, useful, actionable insights – the more they get conjecture.
Tag onto this the obligatory covering of arses as one’s told “It’s a great time to buy stocks!” Followed with “It will probably end badly.” Or, that other gem for the legend books “The Fed’s got your back” analogy.
So prevalent are these today it makes a politician marvel in its usage for audacity or speciousness. And that’s saying something in my book.
Let’s take a few examples that really give the tenor and tone of what I’m trying to express. They are far from the only ones, yet they give what I believe are true representations on why people are not only confused, but why they’ve walked away from both the markets as well as other activities in ways that have all the supposed “experts” flummoxed.
These are in no manner of importance, just the most recent. I would love to say egregious – but there isn’t enough paper nor computer memory to list them all. These just stuck out in my head and are in my “front of mind” as I type. Nothing more.
Like many I was listening to a business show when the retail sales figures were announced. As the data came across one pundit commented or implied in his usual snarky “knows more than you” tone that the “numbers” showing a drop of -11% was something that should be disregarded “for its inherently flawed.”
Fair enough. However: How does one square that circle when the so-called “data” which people like himself point to as reasons one should “not go by their feelings and look at the data” (for if you do you’re and “Idiot”) a 5th grader can see doesn’t add up?
The math now used along with the “seasonal adjustments” made to not only hard numbers, but “opinion surveys?” Would make that same 5th grader wonder how they got an “F” on their math tests. Ever! For if one can seasonally adjust an “opinion” – who needs to know math or even school for that matter if the numbers are “what ever you say they are.”
So don’t laugh (or cry) when your kid comes home in the not too distant future proclaiming “But Ma – Really. It does mean fantastic!” Just resolve yourself to the idea that maybe they’re just training for a career on Wall Street.
Then we have what many would proclaim as “market top signals” that not only confuse the average drive-by market participant – but can drive them crazy, as well as insane. For they seem to come precisely at the time the so-called “smart money” is heading for the exits as they “hold the doors open” and “give the bags” to the uniformed.
These are the ones believing “this is a great time to get rich!” as financial books touting memes on how to “invest like a billionaire” from Tony Robbins along with the front page articles parroting Barron’s™ “Crash? This time it’s different” make their appearances expressing how one should perceive treading within these markets as to take hold of one’s financial future.
Speaking of “financial future.” What happens if this bolt-out-of-the-blue styled sell off when everyone (and I do mean everyone) was calling for a “Santa Claus rally” into the year-end; turns into a “Santa came but left with all my profits” type affair?
Who will be to blame for this? Santa, or The Federal Reserve? For if they “had your back” every other time during a sell-off – how could they sit and watch your profits go up the chimney during the holidays?
It seems the markets which were once again atop “never before seen in the history of mankind heights based on fundamentals” crowd are nervously waiting to see if there will be even more reasons for concern (or panic) as the market goes lower, and lower; as the collapse in oil prices seems to be sucking it down faster, and with more vigor, than a saber-toothed cat caught in those very tar sands.
Just a few weeks back in October it appeared the markets fell precariously hard and fast when a Fed official made a public comment that maybe it was time for less Fed. involvement.
Suddenly the markets that were “fundamentally” sound on good economics plummeted. Some wiping out all their gains for the year. And that slide looked as if it was picking up steam until that same Fed. official did what many feel was a mea culpa and reversed his previous statement insinuating that the Fed possibly should do more.
Currently that recovery is identified as the “Bullard bottom” and since we have not only regained all those losses – but have gone even higher! But remember you are told this market is based on “fundamentals” not just Fed. policy.
Well one had better hope that truly is the case, for not only do people who are laughed and scorned as “tin-foil” types think these markets aren’t based on fundamentals, but rather, on the interventionist actions of the Fed.’s monetary policies. So too does the Central Bank of Central Banks. aka The Bank For International Settlements.
As reported by ZH in their article Why James Bullard Won’t Bail Out The Market’s Next Correction. One doesn’t need to take anyone else’s word (or opinion) that something just isn’t right within these markets. The bankers themselves are coming out as publicly as they dare warning other bankers to put a nix on things.
This is a very rare occurrence in both the timing as well as the messaging. To not pay attention to the implications as well as the inference that the markets are tied far too close to the Fed – is a lesson in willful ignorance in my book.
You can’t mention bankers today without also mentioning politics and what is taking place once again.
Today what many are calling the “bail-out bill re-do” has just passed congress in the form of a budget bill. aka “The CRomnibus.” (This has nothing to do with an R – D – or I. This is just the observation in the obvious and conflicting. Nothing more.)
Suddenly we wake to headlines that congress has finally worked together to pass something both sides wanted to shut down the government in opposition to its passing.
On one side you have the R’s that couldn’t get a budget bill passed that would make it passed the Senate finally doing so with the help of the president who basically stands against the very ideas contained within it. And it was he who helped get members of the D’s to sign on or it would have failed.
Then you have Sen. Elizabeth Warren calling for its defeat because it is said to contain once again “Wall Street bailouts” and if the government is to be shut down – so be it. And the main stream press is singing her praise and tenacity. However, it’s this same “main stream media” that held anyone else that may even hint at the suggestion of a government shut-down as contemptible.
It’s near laughable for any thinking person at the obvious hypocrisy. In actuality – it’s breathlessly stunning rivaled only by Wall Streets claim of the markets “un-rigged” status.
So as we get ready for this joyous holiday season one has to ponder: Is there a chance that maybe – just maybe someone knows what they’re doing in these markets? Or, are we once again, at the cusp of another glaring point where the world wakes to find out once again: the so-called “smart crowd” hadn’t had a clue.
Personally I’ll take my chances with not gambling at all or looking to any of the so-called “experts” for clues. It keeps becoming abundantly more clear by the day: without the “Chair” behind the curtain. OZ is more attainable than following the road to financial freedom these people want to point out.
via Zero Hedge http://ift.tt/12OOgWz Tyler Durden
Skyception: The Deception and Manipulation of ‘We the People’ and our Skies
By
Morpheus_at_TIF
You will always find original articles by Cognitive Dissonance and other authors first on www.TwoIceFloes.com before they are posted here on ZH.
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Chapter Two of Three
Debunking the Myths
Before an analysis can be done of the most common explanations given for the aerosol program, we must first look at the various explanations through the clarifying lens of Psychological Operations (psyops) to circumvent deliberate attempts to mislead and deceive us as previously described in Chapter One. The background found there will assist us in this second installment as we examine each rationale presented to us by both the mainstream and alternative media. As stated in the previous chapter, some of the reasons and justifications offered are intentional disinformation while others are simply speculation based solely upon limited and unconnected information, quite often promoted by sincere individuals just trying to learn ‘the truth’.
What are missing from most analyses of this subject are two things – the issue of intent and the muddling of facts. As more and more people delve into the aerosol issue, they can clearly see something is happening over their heads. And they are beginning to realize what they see in the sky is not normal, with persistent aerosols formed into grid patterns or aerosol lines which slowly disperse to turn the entire visible sky a milky white. There are other strange anomalies all adding up to one thing, visual evidence that can be captured on (digital) film making it difficult to dispute. Unfortunately this phenomenon is often described using the psyops captured and subverted term ‘chemtrails’ by those who are waking up to the issue. This is precisely why the terms ‘persistent trails’ or ‘persistent aerosol trails’ are used throughout this series of three essays.
Another observation we can document is the increased levels of aluminum, barium and various other metals in our soils and our bodies. Aluminum seems to be one of the more commonly referred to metals and presents as one which is consistently much higher than ‘normal’. These elements are also identified as ‘chemtrails’ which emanate from the persistent aerosols that are visually observed. But by using the same co-opted word to describe two different findings, it is implied they are created and spread at the same time by the same people with the same intent.
Once we separate them from each other and use better terminology to describe them, we can more easily recognize that many of the explanations given don’t accurately reflect reality and we can discard those that do not work. This helps us to better understand the true goals of this program or set of programs……or at the very least, to recognize what they are not. Sometimes it helps just to eliminate some of the mental clutter.
The issue of intentionality is critically important in this analysis. Given this is a global program conducted at the highest levels of many different sovereign governments, including their militaries, private networks and contractors involving significant sums of money to operate, one thing appears certain; they don't do random. Meaning if the goal is to apply nano-metals into the troposphere, stratosphere, or other levels of our atmosphere, persistent trails are not necessary. Therefore it is reasonable to postulate that the persistent aerosols are being applied for a very specific reason, with the subsequent understanding this is where the program has its most significant public exposure since it is so visually obvious.
There clearly exists a need and a reason for the persistent trails to behave in this manner. If the goal was to apply only nano-metals, this could easily be done with non-persistent aerosols. The nano-metals could be mixed into the jet fuel used by passenger and military aircraft and expelled during normal flight operations. Or they could be directly applied to the atmosphere via aircraft spray systems or other applicators at higher altitudes which are not visible from the ground. Clearly the persistent aerosols are either a unique program or are at the very least intended for different needs with different outcomes.
With this initial analysis providing a deeper and more nuanced understanding of several contributing factors, we can now begin to examine each of the major explanations we are presented with and see if any of them fit as a primary reason for these aerosol operations, thus worthy of the scope, size and psychological operations marshaled for these programs. They are outlined below.
Amber Waves of Grain
1) The perpetrators are trying to kill or poison us
The simple fact is ‘they’ possess much more effective ways to slowly kill us and at a much lower cost, so why would they do it this way? However, it would not be surprising to learn they were willing to sacrifice people getting sick (and dying) from higher levels of Aluminum as an unintended, but necessary, consequence of the unavoidable fallout. The so-called healthcare industry operates more like a ‘sickcare’ industry which profits from its ‘customers’ and is more than willing to harvest even more income from increasingly sicker people. Alzheimer’s has been on the rise over the last few decades and it is a very costly illness to ‘treat’ given the amount of specialized (and expensive) care stricken individuals require. These sociopathic perpetrators and their profiteering enablers would not miss out on an opportunity to benefit significantly from people becoming sick(er).
This is not to say that toxins or poisons are not, or never have been, added to the aerosols. The US has a long history of testing harmful biological, chemical and radioactive materials on U.S. citizens, and many other people around the globe, without their knowledge or consent. Those suffering from Morgellons disease are likely the result of some type of toxic material inserted into the aerosols at some point. However, if they really wanted to kill or poison us they are doing a really poor job. If the goal was just to make us sick, persistent trails are inefficient and ultimately unnecessary.
2) Taking over the food supply
There are some who speculate these programs are being executed for, or in collusion with, Monsanto. Since the aluminum in the soil is increasing and Monsanto now has a Genetic Engineering (GE) aluminum resistant seed, there is a belief these programs are intended to benefit their takeover of the food supply. More likely though Monsanto was informed, either during or after the program was conceived, that there would be an increase in metal concentrations due to the unavoidable fallout and were directed to develop a GE crop for this type of problem. Persistent trails again are unnecessary.
3) Mind Control/Entrainment
This explanation may be valid as a side benefit, but persistent trails has been going on for a long time and doesn’t seem to be needed since propaganda, pharmaceuticals, fluoride, and various I-things (to name just a few) are sufficient to further the zombification of the masses. Persistent trails are also unnecessary in this case.
It Only Takes One to Break the Hive Mind
4) Military Applications
There are many stated military uses already made public for certain types of aerosols. For example, Operation Popeye was a highly classified weather modification program during the Vietnam War in Southeast Asia (1967-1972). Others, such as chaff, are dispersed in the atmosphere as a radar countermeasure. While these types of applications exist and are now well-documented, their existence by itself does not sufficiently explain the reason for a massive global program combined with a coordinated effort to mislead and misinform the populace.
5) Weather Modification
Contrary to popular belief weather modification is not a myth and does appear to be one aspect of the operation, especially with the persistent aerosol trails. But more likely it is not the primary reason for these programs. There are many forms of weather modification, from applications in warfare going back decades and now openly admitted, to current efforts intended to address issues such as persistent regional drought. The use of silver iodide was even reported recently on my local evening news to describe cloud seeding efforts designed to generate increased rainfall from existing clouds.
There are some in the alternative community pushing the idea this is being done solely for profit. While there are certainly those who will profit from this opportunity, and weather derivatives may be an easy mark for those profiteers, it is not reasonable to explain this as the primary motive behind these programs, especially when it is so much easier to be handed billions of dollars by the central banks and their crony capitalists as we have seen repeatedly done over the last decade.
It may be that some of the persistent trails are in fact used for weather modification programs. There appears to be more frequent persistent trails in advance of, and around, developing weather systems. These trails seem to be intentional since they are seen via satellite images and could be used as targeting gaps or anomalies in other lines, hence many of the grid patterns shown in photos over the past decade. It would also seem logical and possible they could also be used for mapping the multi-layered and evolving wind and weather patters that can be seen on global wind maps.
The persistent trail lines would provide much more detail and localized information about what is happening within the different atmospheric layers, allowing them the opportunity to better influence existing weather systems. It is much easier to modify weather than it is to create it from scratch. However, observed persistent trails behave in many different ways, not just grid patterns. This would imply different purposes – more on this line of thought in Chapter Three.
Cracked Ice on Lake Baikal in Russia
6) Weather Creation
We also need to distinguish between modification and creation. The Kardashev scale of technological advancement states, “a Type I civilization has achieved mastery of the resources of its home planet, Type II of its solar system.” While it is unlikely the group or groups running these programs have achieved Type II status, Type I is easily a possibility. But even if they have reached Type I status, it does not automatically imply doing so would include the ability to create and control weather. The earth's climate and weather systems are extremely complex and difficult to model, let alone control. The energy coming in from space and our sun exerts far more of an impact upon our weather than anyone in ‘authority’ is willing to admit to or even seriously discuss.
Some popular websites and discussion forums promote the belief all of our weather is manufactured and the sole reason for the persistent aerosols. While the U.S. Air Force did have a stated goal of owning the weather by 2025, this does not mean the ability to create the weather like storms and droughts where and when it is desired. Ownership or control does not imply creation.
7) Global Warming Mitigation
Solar Radiation Management (SRM) is something which is openly discussed, with information about its various aspects easily found whether it be from the Intergovernmental Panel on Climate Change (IPCC), patent searches, university research or ‘news’ covered in puff pieces by the mainstream ‘alternative’ media like “Democracy Now!” or “Breaking the Set”. SRM has often been referred to as Stratospheric Aerosol Geoengineering (SAG) and now Stratospheric Aerosol Injection (SAI). The key here is to distinguish the difference between stratosphere and troposphere.
Many of the patents for SRM, as well as what is being publically discussed and proposed, is about applying metals and nano-metals high in the stratosphere to reflect the sun's light back into space to mitigate Anthropogenic Global Warming (AGW). Commercial airplanes and those currently applying persistent aerosols are mainly flying in the troposphere or at the very bottom of the stratosphere. What is being offered to us as a solution to AGW is conflicted and false from the very start, relying upon the assumption you would not know the difference between them.
All the SRM parties identify with, and admit to, global spraying as a potential option to address the threat of global warming with the theory that certain particles sprayed into the stratosphere would help block the sun from cooking our planet due to our carbon emissions. However, according to the ‘experts’, it is only being ‘tested’ in limited cases and would be deployed only if deemed necessary.
Considering how this public ‘meme’ is being slowly rolled out alongside the global warming agenda, we should not be surprised when groups start demanding this spraying activity be started to save us from planetary destruction. Let us not fall for this bait, but instead see Solar Radiation Management for what it is, a limited hangout psyop in which spraying is acknowledged and claimed to be needed. We need to see the AGW psyops for what it is so these false programs cannot be used as an opportunity to publicly explain and justify what is already happening in our skies.
Now that we have examined each of the theories above and have recognized their weaknesses, which prevent them from being the primary reason for the aerosol programs, thereby invalidating any of them from explaining as a primary cause what is going on in our sky, we can move on to Chapter Three where we will offer several alternative theories for the programs. While these theories may not be the only answer, or even the correct one, they are the only ones that can withstand scrutiny above all others.
Lake Baikal in Russia
Reference Links:
Trying to kill or poison us
Take over the food supply
Mind Control/Entrainment
Military Applications
Weather Modification
Weather Creation:
Global Warming Mitigation
via Zero Hedge http://ift.tt/1BDzcam Cognitive Dissonance