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SOMEBODY SUCKS AT PHOTOSHOP!

This is the second half of Eric Jon Phelp’s radio broadcast today on the day after Rome’s papal knight controlled media announced the death of the CIA creation/”boogie man” called Osama Bin Laden the night before on May 1st, 2011 which is high satanic BELTANE! 66 years later after Hitler was announced dead on May 1st, 1945… 5+1 = 6…. 666

Joining EJP on this show is myself, James Silva and Walter Williams who also guest host throughout the week for Brother EJP.

WHAT A SAD SATANIC JOKE THAT IS BEING PLAYED RIGHT NOW…

WAKE UP, REPENT AND GET READY FOR TRIBULATION.

Right now, nothing is more boring than the market. It seems up, up, up is the only way it can slowly go, but for the April 7 minor blip.

But serious crises loom on the radar, many that could send the markets into chaos as traders try to gauge reaction around the world.

By our judgment, some seem far more likely than others.

Check Out The Threats You Need To Have On Your Radar Right Now

Sovereign Debt Crisis: Japan Collapse

Image: Vitaliy N. Katsenelson

Threat: Japan’s sovereign debt levels are far higher than any other major economy. If investors, included domestic, were to become disinterested in buying Japanese debt, the country would have trouble rolling over its current accounts.

Impact: Japan is the world’s second largest economy. A debt default would crush confidence in many of the country’s key corporations ability to deliver products to market, as the yen comes under further speculative pressure.

Likelihood: Extremely low, the world and domestic Japanese investors have shown an appetite for the country’s debt. The event could become more likely, if other countries experienced similar defaults.

Sovereign Debt Crises: U.S. Debt Collapse

Threat: The U.S. government has had to take on unprecedented amounts of debt as a result of the financial bailouts, wars in Iraq and Afghanistan, and stimulus packages. That debt has now piled up to the point where foreign investors may lose confidence in the American government’s ability to fund itself.

Impact: Foreign investors start to pull cash out of American coffers. The government is unable to find buyers for its debt. Treasury yields spike and the crisis becomes worse, culminating in high inflation as the government seeks to pay off debt.

Likelihood: Extremely low, foreign countries (China and Japan) rely too much on the American consumer to be able to withdrawal from the U.S. debt market. Demand will remain for U.S. debt.

Real War: North Korea-South Korea

Threat: A war between North Korea and South Korea has been on the cards since the two countries ceased hostilities. Recently, a minor crisis erupted on the peninsula when a South Korean ship was sunk by what was first believed to be a North Korean torpedo.

Impact: War on the Korean Peninsula would bring the U.S. into the conflict, as it has troops in the border area demilitarized zone and is required by pact to the defend the south if it is attacked. China is considered an ally of North Korea, and would likely provide some form of assistance to the country if a conflict erupted. This could lead to a broader U.S.-China war or, at least, a rise in economic hostilities between the two nations.

Likelihood: Extremely low, the U.S. and China will do everything in their mutual powers to prevent the two from entering war, as both are better served by peace on the peninsula, China for its economic growth to continue, and the U.S. because it is already overextended in Iraq and Afghanistan.

Sovereign Debt Crisis: The Collapse Of The Euro

Image: AP

Threat: The European common currency ceases to exist as countries return to their individual currencies as a response to euro devaluation and sovereign debt crises.

Impact: European financial markets in chaos as states pursue a go it alone approach. Significant defeat for the common market. Trade between European states declines.

Likelihood: Very low, the euro is now a part of Europe for the long term. It is likely that Europe become more federal, not less, as a result of the sovereign debt crises impacting Greece and other PIIGS.

Economic War: China-U.S.

Threat: The United States government, upset over the way that China manipulates currency markets, responds with further protectionist measures against the Chinese economy.

Impact: Tariffs on Chinese products imported to the U.S. increase, China responds in kind to U.S. provocations, and trade between the two countries decreases. Being the world’s two leading economies, global growth slows, and markets head lower.

Likelihood: Very low, as U.S. Treasury Secretary Geithner has recently taken a more hand off approach to Chinese movements on the currency, and China has responded by working with the U.S..

Failed War: The Collapse Of Iraq

Threat: In post election violence, Iraq continues to disintegrate.

Impact: Iraq’s chaos allows Iran to spread its influence over the Shia portion of the state, broadening its power in the region, and endangering Gulf allies of the U.S. like Kuwait, Saudi Arabia, and Qatar. Oil markets react negatively, broadening the chance of a price spike, which could have a catastrophic impact on the entire market.

Likelihood: Low, Iraq has shown strength in dealing with internal terrorism as the government’s grip on the state expands.

State Debt Crises: States Default On Their Debt

Threat: Many states in the U.S. are currently experiencing budget crises based on extremely high deficits, debt, and off balance sheet liabilities. In the midst of an unemployment crisis, many states may be unable to make payments and could default on their debt.

Impact: The impact would be the U.S. Federal government stepping in for those liabilities. If multiple states defaulted simultaneously, the result would be a heavy burden shifted the the federal government, and further questions about U.S. sovereign debt.

Likelihood: Low, and if it was to occur, the federal government would likely fund the gap. The impact would be felt most in the state itself, which would likely have to cut spending from key services.

Terrorism: Strike In The Strait Of Malacca

Threat: The Strait of Malacca is a key shipping route for almost every global
product. Threats of terrorism have become common, and are linked towards Islamic radicals and Al-Qaeda elements in the region.Impact: A terrorist attack here would push the price of commodities upward, as key Asian economies like China and Japan rely on the Strait for shipping deliveries. This would spiral into global price rises, due to shipping being impacted.

Likelihood: Low, an attack here the size to halt the shipping route would have to be something that would push insurance premiums so high, that shipping became cost ineffective. It would take several, not a single attack, to achieve this.

Real War: Israel-Iran

Threat: Israel, concerned over Iran’s nuclear weapons program, decides to target the state and its facilities. Iran retaliates targeting Israel and perhaps U.S. troops in Iraq, in an escalation of the conflict.

Impact: Oil movements out of the region become more difficult, as ports are used for war shipments and tied up in the conflict. The war could spread to take in large parts of the region, particularly if Israel breaches Jordanian or Syrian airspace to attack Iran.

Likelihood: Moderate, the U.S. government is doing everything to tie the hands of hawkish Israeli Prime Minister Netanyahu, but he may still act if his information suggests that Iran is close to finishing a nuke. This is an existential crisis
for the state of Israel, and so it will be an extremely harsh assault if it is to occur.

Failed War: U.S. Loss In Afghanistan

Threat: U.S. forces fail in their attempts to stabilize Afghanistan. The country moves towards further instability, and influence on the state is shared between Iran and Al Qaeda forces in the Waziristan province of Pakistan.

Impact: The U.S. would have lost a major bulwark in the presumed containment strategy on China. Simultaneously, faith in the U.S. government’s ability to back up its word in war would be undermined, which may suggest to other Asian states, like India and Pakistan, that they seek security backing elsewhere. Oil prices would rise as a result of the uncertainty.

Likelihood: Moderate, President Karzai is already doubting the power of the U.S. in Afghanistan, and considering switching sides to Al Qaeda. President Obama has planned a withdrawal from the country.

Terrorism: Strike In The Strait Of Hormuz

Threat: Similar to the Strait of Malacca, Hormuz is a vital trade route for outgoing oil and gas shipments. Iranian government interests or Al-Qaeda could move to attack the strait and halt trade.

Impact: This would impact oil prices greatly, as Iraqi, Kuwaiti, and Qatari energy products would have trouble reaching American and other markets. Depending on who conducted the attacks, the response could bring the whole region into uncertainty.

Likelihood: Moderate, there are two sources of attack here, Al Qaeda and Iran, which raises the likelihood. Iran, however, must be aware that such a move would provoke the U.S., as its allies Saudi Arabia, Qatar, the UAE, and Iraq would be impacted.

Real War: Russia In The Caucasus

Threat: The attack by Chechen rebels on Moscow last week brought out the heavy handed rhetoric from the Kremlin, with intentions to strike the region clearly stated. A Russian response would have no care for human rights.

Impact: Oil and gas production in places like Georgia might be hit by Russian ordnance or stopped for safety. Foreign countries would condemn the Russian regime, broadening its isolation. Russia may be so ostracized that it refuses to support Iranian sanctions.

Likelihood: High, Russia is going to respond to these attacks. The manner in which it responds is in question, but it is likely to be met with EU and U.S. opposition.

Real Estate: Housing Market Double Dips

Image: AP

Threat: Housing
markets, after the withdrawal of federal aid, weaken and produce a second nationwide double dip. Many areas are already experiencing such price weakening.

Impact: Further price weakening would hit construction industries hard, as current available homes would not be sold. Linked industries would also be hammered, with mortgage lending companies hurt even harder than they already have been. The impact on the mortgage backed security market would likely hurt banks, both regional and national, and create more failures.

Likelihood: High, housing guru Robert Shiller has set the chances of this scenario at 50-50.

Commodity Crisis: Oil Price Spike

Threat:
Oil prices continue to rise as a result of leading data like shipping demand and
manufacturing increases. A terrorist attack or war related event could shock the market into thinking supply is about to dramatically decline.

Impact: Markets absorb the shock by discounting the value of a myriad of assets, bringing prices down on everything from stocks to manufacturing commodities like copper.

Likelihood: Highest, there are a great deal of events, such as the one’s previously mentioned, which could lead to a spike in oil. Fundamentals look unlikely to change dramatically, so if an event was to occur, supply shortages would hit prices.

QAEDA LEADER CALLS FOR ATTACKS ON U.S. INTERESTS “EVERYWHERE”

http://www.breitbart.com/article.php?id=CNG.8c9ddfb0847e0b0a20aad5f334c07ca8.591&show_article=1

2ND – IRAN (FEBRUARY 11TH) ANNIVERSARY ‘PUNCH‘ WILL STUN WEST

http://www.breitbart.com/article.php?id=CNG.e0b08e9e64fe15a987c1cf73dd8c5fe2.521&show_article=1

THEY ALSO NOW HAVE “ADVANCED“ ATTACK DRONES?
(HOW CONVENIENT!)

http://www.telegraph.co.uk/news/worldnews/middleeast/iran/7187418/Iran-to-make-advanced-attack-drones.html

Will they get retaliation for the US Predator drone killings of hundreds of suspected terrorists in Pakistan from recent years.

3RD – KNIGHT OF MALTA AND ANCIENT PAPAL BLOODLINE FARNESE DESCENDANT SPANISH KING JUAN CARLOS I VISITS LEBANON FOR NON-STATE VISIT?

http://www.yalibnan.com/2010/02/08/4161/

HE’S REALLY VISITING THE REAL BLACK POPE (JESUIT SUPERIOR GENERAL) WITH POWER RIGHT NOW PETER HANS KOLVENBACH IN LEBANON!

SMOM King Juan Carlos with his master the Black Pope

HERE’S A VIDEO FEATURING THE ULTRA-WICKED NUMBER ONE HITMAN FOR SATAN RIGHT NOW IN LEBANON, PETER HANS KOLVENBACH…

4TH – BLACK POPE (JESUIT SUPERIOR GENERAL) KOLVENBACH TO BECOME A CARDINAL?

From black pope (president of the world) to cardinal?

http://ncronline.org/blogs/ncr-today/talk-rome-turns-new-cardinals-2010

“One wild-card possibility this time around: Fr. Peter Hans Kolvenbach, the former Superior General of the Jesuits (A LIE, HE STILL IS THE REAL GENERAL IN CHARGE WHILE ADOLFO NICOLAS IS OUT DOING PUBLIC RELATIONS DAMAGE CONTROL), who will be 82 on Nov. 30. It’s well known around Rome that Kolvenbach and then-Cardinal Joseph Ratzinger enjoyed a close personal relationship (OH I’M SURE THEY DID… BEING THAT THE POPE DOES ANYTHING THE BLACK POPE TELLS HIM TO DO), and given Benedict’s efforts to heal the perceived breach between the papacy and the church’s flagship religious order, this might be another way of extending an olive branch. It’s a bit dicey, because Jesuits are not supposed to seek ecclesiastical honors (THEY DON’T WANT TO BE IN THE SPOTLIGHT, THEY LIKE CONTROLLING FROM THE SHADOWS), but of course John Paul II made various Jesuits cardinals, and Benedict XVI has included one Jesuit among the non-voting cardinals in each of his two consistories: Albert Vanhoye, former secretary of the Pontifical Biblical Commission, in 2006, and Urbano Navarrete Cortés, former rector of the Gregorian University, in 2007.”

5TH – FORMER U.S. TRAITOROUS SKULL & BONES PRESIDENT GEORGE W. BUSH HONORED BY THE EQUESTRIAN ORDER OF THE HOLY SEPULCHER OF JERUSALEM (EOHSJ) & NEW YORK ARCHBISHOP (AMERICAN POPE) AND KNIGHT OF MALTA TIMOTHY DOLAN AT 2010 ANNUAL LEGATUS SUMMIT!

Georgie with his Equestrian master & custodian of the Holy land (left of Bush)

WHAT’S GOING ON!?

JUST GET IT OVER WITH SATAN!

PLACE YOUR POPE OF ROME AS THE UNIVERSAL MONARCH OF THE WORLD.

I ALREADY KNOW WHAT YOU WANT AND HOW YOU WILL GET THERE…

ONE QUESTION REMAINS, WHAT ABOUT YOUR DEMONIC HOST THAT WILL PRESENT THEMSELVES AS “ALIENS?”

EITHER WAY, IT DOESN’T MATTER TO THOSE IN THE TRUE JESUS CHRIST OF THE REFORMATION KING JAMES BIBLE… FOR WE SHALL INHERIT THE EARTH AFTER WE ARE RESURRECTED BY THE LORD OF LORDS AND KING OF KINGS TO REIGN WITH JESUS CHRIST IN HIS MILLENNIAL EARTHLY KINGDOM! :)

Iran President will deal blow to global powers? Defense test against mock Iranian MIssiles fail? Knight of Malta Bush Sr and Knight of Columbus Jeb Bush at the white house for secret meeting… what is all this for?