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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
3/23/2016 4:50:14 PM

S.Korea and US allies face 'miserable end', says N.Korea

AFP

Leader Kim Jong-Un (C) inspects the operation of a new large-caliber multiple rocket launching system at an undisclosed location in North Korea (AFP Photo/)

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North Korea threatened a "miserable end" for South Korea's president and her American allies on Wednesday, in its latest colourfully worded attack.

Pyongyang declared it would wage a "retaliatory battle of justice" against Park Geun-Hye, with its artillery units standing ready to turn her office into a "sea of flames and ashes".

"What the DPRK warns is not hot air. It will be clearly proved by the miserable end the US and the Park group will meet while going reckless," said the Committee for the Peaceful Reunification of Korea (CPRK), using the formal name for North Korea.

The latest volley comes as Seoul and ally Washington stage their annual Key Resolve and Foal Eagle military drills, which this year are the largest ever, in the wake of a recent North Korean nuclear test and long-range rocket launch.

The massive drills -- which include air strike exercises targeting key facilities in the North -- are a "thrice-cursed provocation" against Pyongyang's leadership, the CPRK said, according to the KCNA news agency.

Seoul urged the North to stop "base and vulgar" threats and warned of a "relentless retaliation" against any future provocations.

"It would be a clear misjudgement on the North's side if the North believes that it can unnerve our government... with such ridiculous threats," Seoul's unification ministry, which handles cross-border affairs, said in a statement.

In recent weeks, Pyongyang has maintained a daily barrage of nuclear strike threats against both Seoul and Washington over the drills it sees as a provocative rehearsal for invasion.

Tensions have been running high since the North carried out an atomic test in January, followed by a long-range rocket launch that was widely seen as a disguised ballistic missile test.

The UN Security Council responded by slapping its toughest-ever sanctions on the North for violating UN sanctions that ban the isolated state from conducting any ballistic missile test.

In an apparent show of anger, the North has launched a series of short-range and medium-range missiles into the sea off its east coast since last week.

Cross-border ties are at their lowest in years, with the conservative Park maintaining her hardline stance towards the impoverished but nuclear-armed North.

She warned last week Pyongyang was moving on a path of "self-destruction" as leader Kim Jong-Un ordered a nuclear warhead test, in a move that further raised tension.

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
3/24/2016 12:15:02 AM

ISIS warns UK to expect even "harder and more bitter" terror atrocity than Brussels

Islamic State has vowed 'harder and more bitter' attacks against the UK and its allies following another day of terror in Europe.

The warning comes just hours after 34 people were killed in a series of blasts in the Belgian capital Brussels.

A statement released on the group's official Telegram account said: "We promise dark days to the states who have allied against Islamic State in reply to their aggression against our state.

"And what awaits you will be harder and more bitter, with the grace of Allah."

At least 34 people have been killed and 170 injured after suicide bombers detonated explosives in Brussels Airport and at a Metro station in the city during the morning rush hour.

The scenes inside Brussels Airport after the attack
14 people were killed at Brussels Airport

Paramedics treat the injured outside the metro station

The full statement said: "We promise to the states that are allied against the Islamic State that they will face dark days in return for their aggression against our state. And what will await you will become harder and more bitter through the grace of Allah.

"In praise of Allah who has made our blows precise and helped us succeed. we demand for him to accept our brothers among the martyrs.

"By the grace of allah and his goodness, a secret cell of soldiers of the caliphate, which Allah gave power and victory, has launched an attack in the direction of Belgium which has not ceased to combat Islam and Muslims.

Broken windows seen at the scene of explosions at Zaventem airport near Brussels, Belgium
Two explosions rocked Brussels Airport this morning

"Allah has thus given victory to the hands of our brothers and thrown fear and terror in the hearts of our enemies, in the middle of their land.

Read more: Live updates as 'ISIS suicide bombers' kill at least 34 in Brussels attacks

"In effect, a number of soldiers of the caliphate wearing explosive belts bombs and military guns and choosing their targets with precision in the Belgian capital Brussels, have launched attacks inside the Zaventem airport and a metro station to kill a large number of our enemies.

Brussels Attacks
Armed police patrolling at London St Pancras Eurostar station as all Eurostar trains to Brussels

"They then detonated their suicide belts in the middle of the crowds. the death toll has risen to 40 dead and at least 210 injured among the citizens of the crusader states.

A series of coordinated bomb attacks sent Brussels into lockdown less than five months after Paris was hit by a wave of deadly strikes.

Today's atrocities, condemned as "blind, violent and cowardly" by Belgian prime minister Charles Michel, came after the arrest last week of terror mastermind Salah Abdeslam, who plotted November's massacre in the French capital.

Security was being stepped up at major transport hubs around the continent, with British police forces boosting numbers at "key locations" including ports, airports and the rail network.

People gather around a memorial in Brussels following bomb attacks s in Brussels
People gather around a memorial in Brussels following the bomb attacks

French prime minister Manuel Valls said: "We are at war. In Europe we have been subjected to acts of war for several months."

Security checks are being intensified at the UK's borders in the wake of the Brussels terror attacks, Theresa May has said.

The Home Secretary disclosed the move as she set out a number of precautionary measures taken "to ensure public safety and provide public reassurance" following the atrocity in the Belgian capital.

She told MPs: "Border Force is carrying out more intensive checks at the UK border including greater searching of vehicles, the use of search dogs and greater numbers of Border Force officers on duty."

CCTV pictures have been released of three suspected terrorists before the airport blasts

Police forces have already confirmed that additional officers have been deployed to patrol at key locations and on the transport network.

Mrs May said full details of the "appalling" attacks are not yet known and described the situation as "fast-moving".

She said she was aware of reports that Islamic State (IS) - which she referred to asDaesh - has claimed responsibility.

The Home Secretary told the Commons Home Affairs committee: "We stand together against the terrorists and they will not win."


(mirror.co.uk)


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
3/24/2016 12:50:30 AM

Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People

Helicopters 2 - Public Domain
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing programs, and we have seen an explosion of government debt unlike anything we have ever witnessed before. But despite these unprecedented measures, the global economy is still deeply struggling. This is particularly true in Japan, in South America, and in Europe. In fact, there are16 countries in Europe that are experiencing deflation right now. In a desperate attempt to spur economic activity, central banks in Europe and in Japan are playing around with negative interest rates, and so far they seem to only have had a limited effect.

So as they rapidly run out of ammunition, global central bankers are now openly discussing something that might sound kind of crazy. According to the Telegraph, central banks are becoming increasingly open to employing a tactic known as “helicopter money”…

Faced with political intransigence, central bankers are openly talking about the previously unthinkable: “helicopter money”.

A catch-all term, helicopter drops describe the process by which central banks can create money to transfer to the public or private sector to stimulate economic activity and spending.

Long considered one of the last policymaking taboos, debate around the merits of helicopter money has gained traction in recent weeks.

Do you understand what is being said there?

The idea is basically this – central banks would create money out of thin air and would just give it to national governments or ordinary citizens.

So who would decide who gets the money?

Well, they would.

If you are anything like me, this sounds very much like Pandora’s Box being opened.

But this just shows how much of a panic there is among central bankers right now. They know that we are plunging into a new global economic crisis, and they are desperate to find something that will stop it. And if that means printing giant gobs of money and dropping it from helicopters over the countryside, well then that is precisely what they are going to do.

In fact, the chief economist at the European Central Bank is quite adamant about the fact that the ECB can print money out of thin air and “distribute it to people” when the situation calls for it…

ECB chief Mario Draghi has refused to rule out the prospect, saying only that the bank had not yet “discussed” such matters due to their legal and accounting complexity. This week, his chief economist Peter Praet went further in hinting that helicopter drops were part of the ECB’s toolbox.

All central banks can do it“, said Praet. “You can issue currency and you distribute it to people. The question is, if and when is it opportune to make recourse to that sort of instrument“.

Apparently memories of the Weimar Republic must have faded over in Europe, because this sounds very much like what they tried to do. I don’t know why anyone would ever want to risk going down that road again.

Here in the United States, the Federal Reserve is not openly talking about “helicopter money” just yet, but that is only because the stock market is doing okay for the moment.

Most Americans don’t realize this, but the primary reason why stocks are doing better in the U.S. than in the rest of the world is because of stock buybacks. According to Wolf Richter, corporations spent more than half a trillion dollarsbuying back their own stocks over the past 12 months…

During the November-January period, 378 of the S&P 500 companies bought back their own shares, according toFactSet. Total buybacks in the quarter rose 5.2% from a year ago, to $136.6 billion. Over the trailing 12 months (TTM), buybacks totaled $568.9 billion.

When corporations buy back their own stocks, that means that they are slowly liquidating themselves. Instead of pouring money into new good ideas, they are just returning money to investors. This is not how a healthy economy should work.

But corporate executives love stock buybacks, because it increases the value of their stock options. And big investors love them too, because they love to see the value of their stock holdings rise.

So we will continue to see big corporations cannibalize themselves, but there are a couple of reasons why this is starting to slow down.

Number one, corporate profits are starting to fall steadily as the economy slows down, so there will be less income to plow into these stock buybacks.

Number two, many corporations have used debt to fund buybacks, but now it is getting tougher for corporations to get new funding as corporate defaults rise.

As stock buybacks slow, this is going to put downward pressure on the market, and we will eventually catch up with the rest of the planet. At this point, many experts are still calling for stocks to fall by another 40, 50 or 60 percent from current levels. For example, the following comes from John Hussman

From a long-term investment standpoint, the stock market remains obscenely overvalued, with the most historically-reliable measures we identify presently consistent with zero 10-12 year S&P 500 nominal total returns, and negative expected real returns on both horizons.

From a cyclical standpoint, I continue to expect that the completion of the current market cycle will likely take the S&P 500 down by about 40-55% from present levels; an outcome that would not be an outlier or worst-case scenario, but instead a rather run-of-the-mill cycle completion from present valuations. If you are a historically-informed investor who is optimistic enough to reject the idea that the financial markets are forever doomed to extreme valuations and dismal long-term returns, you should be rooting for this cycle to be completed. If you are a passive investor, you should at least align your current exposure with your investment horizon and your tolerance for cyclical risk, which we expect to be similar to what we anticipated in 2000-2002 and 2007-2009.

When the S&P 500 does fall that much eventually, the Federal Reserve will respond with emergency measures.

So yes, we may see “helicopter money” employed in Japan and in Europe first, but we will see it here someday too.

I know that a lot of people out there are feeling pretty good about things for the moment because U.S. stocks have rebounded quite a bit lately. But remember, the fundamental economic numbers just continue to get even worse. Just today we learned that existing home sales in the United States had fallen by the most in six years. That is definitely not a sign that things are “getting better”, and I keep trying to warn people that tumultuous times are dead ahead.

And if global central bankers did not agree with me, they would not be talking about the need for “helicopter money” and other emergency measures.


(The Economic Collapse)


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
3/24/2016 10:30:38 AM

IS trains 400 fighters to attack Europe in wave of bloodshed

Associated Press

Estimates range from 400 to 600 Islamic State fighters trained specifically for external attacks, according to the officials.

PARIS (AP) — The Islamic State group has trained at least 400 fighters to target Europe in deadly waves of attacks, deploying interlocking terror cells like the ones that struck Brussels and Paris with orders to choose the time, place and method for maximum chaos, officials have told The Associated Press.

The network of agile and semiautonomous cells shows the reach of the extremist group in Europe even as it loses ground in Syria and Iraq.

The officials, including European and Iraqi intelligence officials and a French lawmaker who follows the jihadi networks, described camps in Syria, Iraq and possibly the former Soviet bloc where attackers are trained to target the West. Before being killed in a police raid, the ringleader of the Nov. 13 Paris attacks claimed he had entered Europe in a multinational group of 90 fighters, who scattered "more or less everywhere."

But the biggest break yet in the Paris attacks investigation — the arrest on Friday of fugitive Salah Abdeslam — did not thwart the multipronged attack just four days later on the Belgian capital's airport and subway system that left 31 people dead and an estimated 270 wounded. Three suicide bombers also died.

Just as in Paris, Belgian authorities were searching for at least one fugitive in Tuesday's attacks — this time for a man wearing a white jacket who was seen on airport security footage with the two suicide attackers. The fear is that the man, whose identity Belgian officials say is not known, will follow Abdeslam's path.

After fleeing Paris immediately after the November attacks, Abdeslam forged a new network back in his childhood neighborhood of Molenbeek, long known as a haven for jihadis, and renewed plotting, according to Belgian officials.

"Not only did he drop out of sight, but he did so to organize another attack, with accomplices everywhere. With suicide belts. Two attacks organized just like in Paris. And his arrest, since they knew he was going to talk, it was a response: 'So what if he was arrested? We'll show you that it doesn't change a thing,'" said French Senator Nathalie Goulet, co-head of a commission tracking jihadi networks.

Estimates range from 400 to 600 Islamic State fighters trained specifically for external attacks, according to the officials, including Goulet. Some 5,000 Europeans have gone to Syria.

"The reality is that if we knew exactly how many there were, it wouldn't be happening," she said.

More than four sources with access to tallies of fighters tasked with Europe attacks independently corroborated the numbers of fighters who trained for specific attacks in Europe, including some who have spoken to fighters directly. Others have cross checked information regarding fighters leaving or returning.

Two of the suicide bombers in Tuesday's attacks, Belgian-born brothers Ibrahim and Khalid El Bakraoui, were known to authorities as common criminals, not anti-Western radicals until an apartment one of them rented was traced to Abdeslam last week, according to Belgian state broadcaster RTBF. Similarly, an Algerian killed inside that apartment on March 15 had nothing but a petty theft record in Sweden — but he'd signed up as an Islamic State suicide bomber for the group in 2014 and returned to Europe as part of the Nov. 13 plot.

In claiming responsibility for Tuesday's attack, the Islamic State group described a "secret cell of soldiers" dispatched to Brussels for the purpose. The shadowy cells were confirmed by the EU police agency, Europol, which said in a late January report that intelligence officials believed the group had "developed an external action command trained for special forces-style attacks."

French speakers with links to North Africa, France and Belgium appear to be leading the units and are responsible for developing attack strategies in Europe, said a European security official who spoke on condition of anonymity because he was not authorized to discuss briefing material. He is also familiar with interrogations of former fighters who have returned to Europe. Some were jailed after leaving IS while others were kicked out of the terror group, and they include Muslims and Muslim converts from all across Europe.

Fighters in the units are trained in battleground strategies, explosives, surveillance techniques and counter surveillance, the security official said.

"The difference is that in 2014, some of these IS fighters were only being given a couple weeks of training," he said. "Now the strategy has changed. Special units have been set up. The training is longer. And the objective appears to no longer be killing as many people as possible but rather to have as many terror operations as possible, so the enemy is forced to spend more money or more in manpower."

Similar methods had been developed by al-Qaida but IS has taken it to a new level, he said. Another difference is that fighters are being trained to be their own operators — not necessarily to be beholden to orders from the IS stronghold in Raqqa, Syria, or elsewhere.

Several security officials have said there is growing evidence to suggest the bulk of the training is taking place in Syria, Libya and elsewhere in North Africa.

In the case of Tuesday's attacks, Abdeslam's arrest may have been a trigger for a plot that was already far along.

"To pull off an attack of this sophistication, you need training, planning, materials and a landscape," said Shiraz Maher, a senior research fellow at the International Centre for the Study of Radicalisation at Kings College in London, which has one of the largest databases of fighters and their networks.

"Even if they worked flat out, the attackers in Brussels would have needed at least four days," said Maher, who has conducted extensive interviews with foreign fighters.

The question for many intelligence and security officials is now turning to just how many more fighters have been trained and are ready for more attacks.

A senior Iraqi intelligence official who was not authorized to speak publicly said people from the cell that carried out the Paris attacks are scattered across Germany, Britain, Italy, Denmark and Sweden. Recently, a new group crossed in from Turkey, the official said.

On Wednesday, Turkish authorities said one of the Brussels suicide attackers, Ibrahim El Bakraoui, was caught last June near the Syrian border and deported to the Netherlands, with Ankara warning Dutch and Belgian officials that he was a "foreign terrorist fighter." But he was released from Dutch custody due to lack of evidence of involvement in extremism.

Belgian Justice Minister Koen Geens said Wednesday that authorities had no reason to detain El Bakraoui because he was "not known for terrorist acts but as a common law criminal who was on conditional release."

The latest new name to surface this week, Najim Laachraoui, turned out to be the bombmaker who made the suicide vests used in the Paris attacks, according to French and Belgian officials. Attackers used an explosive known as Triacetone Triperoxide, or TATP, made from common household chemicals. DNA evidence indicates he died on Tuesday in the suicide attack on the airport, two officials briefed on the investigation told AP.

Fifteen kilos of TATP were found in an apartment linked to the Brussels attackers, along with other explosive material.

The unidentified man seen on security footage wearing a white jacket and black hat at the Brussels airport on Tuesday remains at large, a fugitive link in a chain still being forged.

___

Dodds reported from London. Qassim Abdul-Zahra contributed from Baghdad.


"Choose a job you love and you will not have to work a day in your life" (Confucius)

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Luis Miguel Goitizolo

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RE: ARE WE NOW IN THE END TIMES?
3/24/2016 11:01:35 AM

Palmyra: Syrian troops reach outskirts of IS-held city


23 March 2016


The UN cultural agency, Unesco, has condemned the destruction of Palmyra as a war crime (UNESCO)

Syrian government forces have reached the edge of the ancient city of Palmyra after driving back Islamic State (IS) militants, officials and activists say.

Syria's state news agency said the army and allied militia had taken control of hills overlooking the city - a Unesco World Heritage site.

IS seized the ruins of Palmyra and the adjoining modern town in May.

It subsequently destroyed two 2,000-year-old temples, an arch and funerary towers, drawing global outrage.

The jihadist group, which has also demolished several world-renowned pre-Islamic sites in neighbouring Iraq, believes that such structures are idolatrous.

Unesco, the UN's cultural agency, has condemned the destruction as a war crime.

High ground

The state news agency, Sana, reported on Wednesday that troops, backed by pro-government militiamen, had seized high ground to the west and south-west of Palmyra and moved towards the "Palmyra Triangle" road junction after "eliminating" IS militants in the area.

One soldier was quoted as saying that the army had cleared about 120 explosive devices from the Palmyra Triangle as it approached the junction from the west.



IS militants blew up the 2,000-year-old Temple of Baalshamin at Palmyra in August (AP)

  • Unesco World Heritage site
  • Site contains monumental ruins of great city, once one of the most important cultural centres of the ancient world
  • Art and architecture, from the 1st and 2nd centuries, combine Greco-Roman techniques with local traditions and Persian influences
  • More than 1,000 columns, a Roman aqueduct and a formidable necropolis of more than 500 tombs made up the archaeological site
  • More than 150,000 tourists visited Palmyra every year before the Syrian conflict

Palmyra: Blowing ruins to rubble

Why IS destroys ancient sites

Sana said government jets had also targeted IS convoys on the road between Palmyra and Sukhanah, 60km (37 miles) to the north-east, destroying dozens of vehicles and leaving many militants dead.

The Syrian Observatory for Human Rights, a UK-based monitoring group which relies on a network of sources on the ground in Syria, reported earlier on Wednesday that government forces were only 2km from Palmyra's southern outskirts and 5km from its western edge.

The governor of Homs province, Talal Barazi, welcomed the advance and said troops were also closing in on the IS-held town of Qaryatain, 100km to the south-west.

Syrian government forces launched an offensive to retake Palmyra at the start of the month, backed by intensive Russian air strikes.

Last week, the Russian military said its aircraft were flying up to 25 sorties a day over Palmyra to help liberate what President Vladimir Putin has described as a "pearl of world civilisation".

Palmyra is also situated in a strategically important area on the road between the capital, Damascus, and the contested eastern city of Deir al-Zour.

Recapturing Palmyra would be a significant victory for the government and Russia, which withdrew most of its forces last week after a six-month air campaign against opponents of President Bashar al-Assad that turned the tide of the five-year civil war in his favour.

The advance on Palmyra comes as representatives of the government and the main opposition umbrella group attend UN-led talks in Geneva aimed at finding a political solution to end the war.


The governor of Homs province said troops were also moving on IS-held Qaryatain (EPA)

The talks have been boosted by a nationwide cessation of hostilities brokered by the US and Russia that has largely held since it began on 27 February.

IS and its rival jihadist group, al-Nusra Front, are excluded from the truce.

The reduction in violence has also allowed aid to be delivered to besieged areas.

On Wednesday, the International Committee of the Red Cross said more than 70,000 people trapped in the Houla region, north of the city of Homs, had received their first delivery of food and medicine in months.

(BBC)

"Choose a job you love and you will not have to work a day in your life" (Confucius)

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