World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Date: December 17, 2015

Federal Reserve Raises Rates for the First Time Since 2006

WEB Notes: This has been something we anticipated would be a precurser to economic collapse. The removal of tools that were put in place to keep the economy going. This does not mean tomorrow or next month. But the truth be told this is one of the tools they have used to prop up the economy. Removing these tools will not have a positive effect.

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As lawmakers clash over refugees, Syrian immigration quietly tops 100,000 since 2012

A proposal to admit 10,000 Syrian refugees to the United States has ignited a bitter debate in Washington, but more than 10 times that number of people from the embattled country have quietly come to America since 2012, according to figures obtained by FoxNews.com.

Some 102,313 Syrians were granted admission to the U.S. as legal permanent residents or through programs including work, study and tourist visas from 2012 through August of this year, a period which roughly coincides with the devastating civil war that still engulfs the Middle Eastern country. Experts say any fears that terrorists might infiltrate the proposed wave of refugees from United Nations-run camps should be dwarfed by the potential danger already here.

Source: As lawmakers clash over refugees, Syrian immigration quietly tops 100,000 since 2012 | Fox News

Spain’s Biggest Bankruptcy Ever Hits Banks, Mexico, Brazil, Descends into Bitter Farce

Abengoa, the Spanish renewables giant that once thought it had mastered the dark arts of financialization only to crumble under the weight of its own debt, urgently needs a lifeline. In November, it filed for preliminary protection from creditors. If it doesn’t get a lifeline, it will be go down in history as Spain’s biggest bankruptcy ever.

According to the latest accounts, its creditors may have thrown it that lifeline, but barely enough to last through the very inconvenient general elections this Sunday and the holidays, when the government is off.
Source: Spain’s Biggest Bankruptcy Ever Hits Banks, Mexico, Brazil, Descends into Bitter Farce | Wolf Street

Secret deal quadruples foreign workers in U.S.

WEB Notes: Immigration was a great tool when this nation was young. We needed more people to quickly build the nation. Right now is not the time to expand immigration into this nation. We have over 100 million working age men and woman out of the workforce. The fact here is Americans are being outsourced. We are continuing to wake up and find ourselves in a foreign land, one that used to be our own.

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Industrial Production Declines Most in 3.5 Years, Down Eighth Time in Ten Months

Industrial production shocked to the downside this morning with a drop of 0.6%, the most in 3.5 years vs. an Econoday Consensus guess of -0.2%. Moreover, last month was revised lower, from -0.2% to -0.4%.

November was another weak month for the industrial economy, in part reflecting unusually warm temperatures that are driving down utility output. Industrial production came in at the Econoday low forecast, down a very sharp 0.6 percent in November. This is the biggest drop in 3-1/2 years. Utility output fell a monthly 4.3 percent after falling 2.8 percent in October. Mining, reflecting low commodity prices and contraction in energy extraction, has also been week, down 1.1 percent for a third straight decline.
Source: Industrial Production Declines Most in 3.5 Years, Down Eighth Time in Ten Months | David Stockman’s Contra Corner

North Korea Sentences Canadian Pastor to Hard Labor for Life

WEB Notes: While we get upset with our nation for all of the injustices and removal of our freedoms. Places like North Korea are really sickening. This Pastor is a great example and it is worth noting almost no one has access to the internet there. In China most of the top websites are all blocked.

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Argentine Peso Collapses 29% After Government Lifts Currency Controls

For those interested in a case study of what happens after a dramatic devaluation, you now have front row seats for what is likely to be a 25-30% peso plunge. Grab the popcorn.

That’s what we said on Wednesday evening in “Prepare For Peso Plunge: Argentina Lifts Currency Controls,” after the country’s FinMin Alfonso Prat-Gay announced that, as promised, new President Mauricio Macri would move to unify the official and black market exchange rates in the face of depleted FX reserves and still sky high inflation.

Source: Argentine Peso Collapses 29% After Government Lifts Currency Controls | Zero Hedge

The Baltic Dry Index Has Just Tumbled To A Record Low

The Baltic Dry Index has long been one of the strongest indicators for global economic growth. It’s a reliable measure of the world’s supply and demand for raw materials, such as concrete, steel, coal, and food. Where this index stands not only gives you a glimpse into how healthy the global economy is, it also tells you how strong economic growth will be in the future. Unfortunately, it’s looking worse than ever before.

This week the Baltic Dry Index fell by 4.7%, down to 484 points, which is the lowest level we’ve seen in 30 years. Or put another way, demand for the raw materials that are the building blocks of the modern world, hasn’t been this low since Reagan was president. For the most part, this recent decline can be attributed to China’s floundering economy, which was once the largest driver of global economic growth.
Source: The Baltic Dry Index Has Just Tumbled To A Record Low | From the Trenches World Report

Role of Saudi-led ‘military alliance’ put to question as some members reject participation

WEB Notes: Confusion abounds.

A day after Riyadh announced the formation of the coalition, some of its members said that have been caught off guard and never agreed to take part in the alliance.

Pakistan, one of the coalition members announced by Saudi Arabia, has denied its participation. Pakistan’s Foreign Secretary Aizaz Chaudhry told journalists that he got to know of the coalition through news reports, adding that Pakistan was not consulted about it, Dawn newspaper reported on Wednesday. He added that Islamabad was seeking details about the misunderstanding.
Source: Role of Saudi-led ‘military alliance’ put to question as some members reject participation — RT News

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