Daily Archives: January 2, 2020

January 2 Streams in the Desert

And there was an enlarging, and a winding about still upward to the side chambers: for the winding about of the house went still upward round about the house: therefore the breath of the house was still upward and so increased from the lowest chamber to the highest by the midst.” (Ezek. 41:7.)

“Still upward be thine onward course:

For this I pray today;

Still upward as the years go by.

And seasons pass away.

“Still upward in this coming year,

Thy path is all untried;

Still upward may’st thou journey on,

Close by thy Savior’s side.

“Still upward e’en though sorrow come,

And trials crush thine heart;

Still upward may they draw thy soul,

With Christ to walk apart.

“Still upward till the day shall break,

And shadows all have flown;

Still upward till in Heaven you wake,

And stand before the throne.”

We ought not to rest content in the mists of the valley when the summit of Tabor awaits us. How pure are the dews of the hills, how fresh is the mountain air, how rich the fare of the dwellers aloft, whose windows look into the New Jerusalem! Many saints are content to live like men in coal mines, who see not the sun. Tears mar their faces when they might anoint them with celestial oil. Satisfied I am that many a believer pines in a dungeon when he might walk on the palace roof, and view the goodly land and Lebanon. Rouse thee, O believer, from thy low condition! Cast away thy sloth, thy lethargy, thy coldness, or whatever interferes with thy chaste and pure love to Christ. Make Him the source, the center, and the circumference of all thy soul’s range of delight. Rest no longer satisfied with thy dwarfish attainments. Aspire to a higher, a nobler, a fuller life. Upward to heaven! Nearer to God!—Spurgeon.

“I want to scale the utmost height,

And catch a gleam of glory bright;

But still I’ll pray, till heaven I’ve found,

Lord, lead me on to higher ground!”

__________

Not many of us are living at our best. We linger in the lowlands because we are afraid to climb the mountains. The steepness and ruggedness dismay us, and so we stay in the misty valleys and do not learn the mystery of the hills. We do not know what we lose in our self-indulgence, what glory awaits us if only we had courage for the mountain climb, what blessing we should find if only we would move to the uplands of God.

J. R. M.

“Too low they build who build beneath the stars.”[1]

 

[1] Cowman, L. B. (1925). Streams in the Desert (pp. 2–3). Los Angeles, CA: The Oriental Missionary Society.

The Theology of Justification By Faith: The Theological Case for Sola Fide — Credo Magazine

Matthew Barrett, executive editor of Credo Magazine, has edited a new book with Crossway titled, The Doctrine on Which the Church Stands or Falls: Justification in Biblical, Theological, Historical, and Pastoral Perspective. Many factors contributed to the Protestant Reformation, but one of the most significant was the debate over the doctrine of justification by faith alone. In fact, Martin Luther argued that justification is the doctrine on which the church stands or falls. This comprehensive volume of 26 essays from a host of scholars explores the doctrine of justification from the lenses of history, the Bible, theology, and pastoral practice—revealing the enduring significance of this pillar of Protestant theology.

Today we are highlighting Mark Thompson’s chapter “The Theology of Justification By Faith.” Here is an excerpt to get you started:


The deep ground of the doctrine of justification only by faith is the person, character, and purpose of the triune God, and its focus is the death of Jesus Christ for sinners. In the body of Christian teaching, this doctrine has a special place, guarding and securing the priority of grace and the entire sufficiency of the atonement effected by Christ. In shorthand, justification is only by faith because salvation is only by Christ, and salvation only by Christ is the outworking of God’s eternal gracious purpose anchored in the immeasurable depth of his triune life. That is why Martin Luther spoke of this doctrine as the article by which the church stands or falls.[1] If the Christian confession fails at this point, it compromises our utter dependence on Christ and the sheer gratuity of grace, and as a result, the Christian life, corporately as well as individually, begins to unravel. Ultimately, the doctrine of God begins to be redrawn to accommodate notions of human merit and divine obligation. Luther’s fierce determination to concede nothing when it comes to this doctrine finds its true explanation here rather than in his personal psychology or polemical context: he understood just what was at stake.[2]

The rich tapestry that makes up this doctrine, into which is woven the person, character, and purpose of God, the profundity of human sin and its impact on every human faculty, and the glorious sufficiency of Christ’s propitiatory sacrifice find concentrated expression in the words of the apostle Paul, in the midst of what Leon Morris once described as “the most important single paragraph ever written”:[3]

For there is no distinction: for all have sinned and fall short of the glory of God, and are justified by his grace as a gift, through the redemption that is in Christ Jesus, whom God put forward as a propitiation by his blood, to be received by faith. This was to show God’s righteousness, because in his divine forbearance he had passed over former sins. It was to show his righteousness at the present time, so that he might be just and the justifier of the one who has faith in Jesus. (Rom. 3:22–26)

These critical sentences occur within the integrated argument of Paul’s epistle to the Romans, in which he expounds the gospel of God (1:1), which is first and foremost the gospel concerning his Son (1:3), and as a consequence, the power of God for salvation (1:16). Taking that movement seriously is at least part of the antidote to an anthropocentric construal of salvation, which theologians such as John Webster have warned against.[4] The proper starting point is God, not the human predicament. A clear focus on the person and work of Christ rather than the instrument of faith also helps us avoid distorting our account of the doctrine. Just as critical is the distinction between the justifying act of God and the consequences of that act in the life of the believer or the believing community. Peace with God and the removal of barriers to table fellowship between believing Jews and believing Gentiles follow necessarily from the reality this doctrine speaks of, but the righteousness of God, the ineradicable forensic element in the human condition post-fall, and the essentially object-focused character of faith—each have a more basic and determinative role in the exposition of the doctrine itself. The proper starting point is God, not the human predicament. Click To Tweet

“That He Might Be Just and the Justifier”

We start with God. This may at first seem counterintuitive, since justification only by faith is also described as the justification of the ungodly. Isn’t the doctrine first and foremost about how sinful human creatures are put in the right with God? Isn’t it a soteriological doctrine, teaching about what is involved in our salvation, rather than part of theology proper? Such questions are no doubt legitimate, and they alert us to the contemporary danger of allowing biblical teaching about salvation to be swallowed up by accounts of the Trinity that are extended in a universalist direction. Nevertheless, in both Romans 3—“so that he might be just and the justifier of the one who has faith in Jesus” (3:26)—and even in Romans 4—where Abraham is a pattern for “the one who does not work but believes in him who justifies the ungodly” (4:5)—our attention is drawn back to God, the one who justifies. There is a sense in which the doctrine is first and foremost a doctrine about God and how he acts in a perfect expression of his being and character when he provides the grounds and means by which sinners are justified. Salvation has this larger context: it “occurs as part of the divine self-exposition; its final end is the reiteration of God’s majesty and the glorification of God by all creatures.”[5]

So how God acts in the economy of creation and redemption is entirely consistent with God’s eternal being and character. In technical terms, the divine missions arise appropriately from the divine processions. Or as Jonathan Edwards put it, “’Tis fit that the order of the acting of the persons of the Trinity should be agreeable to the order of their subsisting.”[6] Christian soteriology is enclosed and undergirded by the Christian doctrine of God while not being simply another element of that doctrine.

Karl Barth recognized this when he began his treatment of the doctrine of justification with a remarkable series of questions that he believed illustrate “the problem of the doctrine of justification”:

To what extent does God act and speak and prove and show Himself in the justification of man . . . as God the Father, Son and Holy Spirit, in whom there is no contradiction or caprice or disorder, no paradox or obscurity, but only light? To what extent does He demonstrate and maintain in this remarkable justification His righteousness as the Creator confronting the creature and as the Lord of His covenant with man? . . . How in this justification can God be effectively true to Himself and therefore to man—to man and therefore primarily to Himself?[7]

Barth was, of course, not the first to notice the importance of the strictly theological dimension of the doctrine. Thomas Aquinas, fully seven centuries earlier, insisted that “all things are dealt with in sacred doctrine in terms of God, either because they are God himself or because they are relative to God as their origin and end.”[8] Whatever the precise topic being considered, theology rightly understood traces the lines of connection to the person, character, and purpose of God. Aquinas specifically applied this thinking to the doctrines of salvation, concluding that “knowledge of the divine persons was necessary for us . . . chiefly, that we may think rightly of the salvation of the human race, accomplished by the incarnate Son and by the gift of the Holy Spirit.”[9] Almost equidistant in time between Aquinas and Barth, John Owen concluded that “the greatness, the majesty, the holiness, and the sovereign authority of God, are always to be present with us in a due sense of them, when we inquire how we may be justified before him.”[10]

Such a connection is critical not simply for a right ordering of our doctrine of salvation in Christ but also for its right application in terms of assurance and comfort. John Webster pointed in this direction when he remarked, “Salvation is secure because the works of the redeemer and the sanctifier can be traced to the inner life of God, behind which there lies nothing.”[11] In summary, if theology is an account of God and therefore of all things in relation to God, it should not be surprising that a theological exposition of the doctrine of justification begins at this point too.

*Read Dr. Thompson’s entire chapter in The Doctrine on Which the Church Stands or Falls.


Endnotes

[1] Martin Luther, commenting on Psalm 130:4, stated, “When it stands by this article, the church stands, when [this article] falls the church falls.” In XV Psalmos graduum (1532), in WA 40.3:352.1–3.

[2] In Luther’s words, “On this article rests all that we teach and practice against the pope, the devil and the world.” Martin Luther, “The Schmalkaldic Articles” (1537), 1.5, in WA 50:199.22–200.5; or William R. Russell, Luther’s Theological Testament: The Schmalkald Articles (Minneapolis: Fortress, 1995), 122.

[3] Leon Morris, The Epistle to the Romans (Grand Rapids, MI: Eerdmans, 1988), 173.

[4] John Webster, “Rector et iudex super omnia genera doctrinarum? The Place of the Doctrine of Justification,” in What Is Justification About? Reformed Contributions to an Ecumenical Theme, ed. Michael Weinrich and John P. Burgess, 35–56 (Grand Rapids, MI: Eerdmans, 2009), 39.

[5] John Webster, “It Was the Will of the Lord to Bruise Him: Soteriology and the Doctrine of God,” in God without Measure: Working Papers in Christian Theology, vol. 1, God and the Works of God (London: Bloomsbury T&T Clark, 2016), 148.

[6] Jonathan Edwards, “Economy of the Trinity and Covenant of Redemption” (1730) [“Miscellanies” entry no. 1062], in The Works of Jonathan Edwards, vol. 20, The “Miscellanies”: Entry Nos. 833–1152, ed. Amy Plantinga Pauw (New Haven, CT: Yale University Press, 2002), 431.

[7] Karl Barth, Church Dogmatics, vol. 4, bk. 1, The Doctrine of Reconciliation, Part 1 (1953), ed. T. F. Torrance, trans. G. W. Bromiley (Edinburgh: T&T Clark, 1956), 517

[8] Thomas Aquinas, Summa Theologiae 1a.1.7, in Blackfriars ed. (London: Eyre and Spottiswoode, 1963), 1:27.

[9] Aquinas, Summa Theologiae 1a.32.1 (my trans.; Blackfriars trans., 6:109).

[10] John Owen, The Doctrine of Justification by Faith, through the Imputation of the Righteousness of Christ, Explained, Confirmed, and Vindicated (1677), in The Works of John Owen, ed. William H. Goold, vol. 5, Faith and Its Evidences (repr., London: Banner of Truth, 1967), 13.

[11] Webster, “It Was the Will of the Lord,” 154.

via The Theology of Justification By Faith: The Theological Case for Sola Fide — Credo Magazine

January 2 Long-Distance Father

1 Peter 3:12

The eyes of the Lord are on the righteous, and His ears are open to their prayers.

When you became a son—when you were adopted into His family as a son or daughter of God—He opened up for you, through Christ’s death on the cross, a way of fellowship and relationship that makes it possible for you to go right into His presence.

Do you relate to God like that? Are you in fellowship with Him? The way God “fathers” us will change the way we father our own children. Now that my children are grown and out of the house, I’ve had to apply God’s principles of being available in new ways: I’m learning to be a “long-distance” father. I have entered into a deeper “relationship” with my long-distance telephone carrier so as to fulfill my fathering responsibilities. Fathering from a distance has added some new expenses, but it is what I need to do to remain a father to my children.

Now, if I am like that as an earthly father with limi-ted resources, how available do you think your spiritual Father is in heaven? You don’t need a long-distance calling card or an 800 number. He is waiting for you to come into His presence in prayer at any time.[1]

 

[1] Jeremiah, D. (2002). Sanctuary: finding moments of refuge in the presence of God (p. 3). Nashville, TN: Integrity Publishers.

The Last Time Markets Were This Over-Valued, DotComs Crashed & The VIX Complex Collapsed

If you’re buying stocks here with both hands and feet, these are the ‘facts’ you’re accepting…

The market has never, ever been more complacent…

Source: CNN

The market has never, ever been more highly priced. The last time that the S&P 500’s price-to-sales (far harder to manipulate that P/E) was March 2000 (right before the dotcom collapse) and late Jan 2018 (right before VIXmageddon)…

Source: Bloomberg

Additionally, Enterprise Value-to-EBITDA is near its record highs…

Source: Bloomberg

Additionally, the yield curve trading flatter/below the credit spread of US senior bank debt has not ended well for markets…

Source: Bloomberg

The last time the market was as overbought as this was Feb 2018, right before the VIXmageddon…

Source: Bloomberg

The stock market has never, ever been more decoupled from actual (un-faked) earnings…

Source: Bloomberg

And even Ed Yardeni recognizes the decoupling from top-down macro fundamentals…

Source: Bloomberg

We know why… global central bank liquidity is expanding at a record pace…

Source: Bloomberg

And what happened the last time that The Fed piled billions of special liquidity into the market to support uncertainty (during Y2K)…

Source: Bloomberg

So, do you feel lucky?

Source: The Last Time Markets Were This Over-Valued, DotComs Crashed & The VIX Complex Collapsed

30% Up Years – Should You Sell It? | ZeroHedge News

Authored by Lance Roberts via RealInvestmentAdvice.com,

The bull market turned in an impressive gain of over 30% (on a total return basis) in 2019. While not a rarity in market history, it certainly falls into the “outlier” category. Not surprisingly, the media has been quick to jump on the story suggesting that if 2019 was strong, just wait until 2020. To wit:

“BTIG’s Julian Emanuel believes 2020 will be a milestone year. With the major indexes kicking off Christmas week at fresh all-time highs, he’s not ruling out a 22% surge in the S&P 500. 

The reason: Most investors don’t trust the record rally.”

I am not sure such is the case judging by both our “Smart/Dumb Money” and “Investor Positioning Fear/Greed” indices.

One of the primary tenants of investing, other than “buy low and sell high,” is always analyzing BOTH sides of every argument to avoid confirmation bias. Therefore, while articles like the one above make the case for being invested in the market due to a rather nebulous assumption, the other question is what could go wrong?

With the S&P 500’s stellar gain for 2019, the case for raising some cash is comprised of three primary issues:

  1. The impact of reversions,
  2. Historical length of economic recoveries, and;
  3. Historical returns following years of 30% market returns.

The Impact Of Reversions

There have been numerous studies and discussion on the historical impact to returns due to “reversions to the mean.” However, the impact of reversions remains lost on most individuals as the emotion of “greed” overtakes rationality during strong market advances.

One of the biggest mistakes that individuals make when investing is “not doing the math.” Let’s assume that the S&P 500 is trading at 3000 (nice round number for easy math purposes). If the market advances 30% it would then be trading at 3900 (3000 x 1.3). See, easy math.

However, the “risk,” and inherently the reality for the majority of investors, is that individuals would not “sell out” of their portfolios at the next market peak and would suffer the next 20% decline.

“So what, I am still up 10%.”

That is where the flaw in “the math” comes in. A 20% decline, following a 30% advance, does not leave you holding a 10% gain. In reality, the 30% gain is reduced to just 4%, as the market reverts back to 2600.

In other words, if you went to cash today, and a 20% correction occurs at any point in the next year, your previous gain would be almost entirely wiped out – not to mention the emotional strain of the decline.

The impact of reversions are devastating to long term portfolio returns particularly when individuals, as opposed to financial markets, have a finite time span within which to save and invest before needing those savings for retirement.

Economic Recoveries & Subsequent Market Returns

However, the real issue is the market is unlikely to correct “just 20%.” The next major market correction will very likely coincide with the next economic recession. (Of course, by simply writing the “R” word, this article will be summarily dismissed by the ‘financial illuminati’ who continue to marvel at the day to day levitation of the market with the inherent belief ‘trees can grow to the sky’”). However, all economic recoveries will eventually contract. The chart below shows every post recession economic recovery from 1879 to present.

The statistics are quite interesting:

  • Number of economic recoveries = 29
  • Average number of months per recovery = 42
  • Current economic recovery = 126 months
  • Number of economic recoveries that lasted longer than current = 0
  • Percentage of economic recoveries lasting 60 months or longer = 20.6%

Think about this for a moment. We are currently experiencing the longest economic recovery in history with most analysts and economists giving no consideration for a recession in the near future.  This is important because, as stated above, major market corrections occur during economic recessions, and those “reversions” tend to be much larger than 20%. The chart shows each of the historical economic recoveries and the subsequent market correction during the inevitable contraction.

The statistics are equally interesting:

  • Average number of months of contraction: 14
  • Average market declines during all contractions: -29.13%
  • Average market decline following top seven economic recoveries: -36%

With these statistics, it is somewhat easy to assess the risk/reward of remaining invested in the markets currently in hopes of further advances. If we assume that the markets reach our target of 3300 before the onset of the next economic contraction; the resulting decline, using the historical average of -36%, would push the markets back down to 2100ish.

In other words, all your gains since 2015 would be wiped away.

30% Gains And Sideways Markets

The follow chart show the annual real returns (capital appreciation only) using monthly data for the S&P 500. The purple bars are years of gains 29% or greater. I then showed the subsequent years following that 30% gain and the P/E cycle (expansion or contraction) they were contained in.

Here are the statistics:

  • Number of years the market gained 29% or more:  19
  • Average return of 19 markets:  35.65%
  • Number of total subsequent years measured: 53
  • Average return in subsequent years following a 30% year:  1.48%

What you should notice is that 29%+ return years tended to mark the beginning of a period of both declining rates of annualized returns and typically sideways markets. It is also important to notice that some of the biggest negative annual returns eventually followed 30% up years.

While it is entirely possible that the markets could “melt up” another 20% from current levels due to the ongoing monetary interventions; history suggests that forward returns not only decline, but bad things have eventually happened.

Go To Cash Now?

I want to be clear that I am not advocating that anyone should go to cash today. The problem with this analysis, unfortunately, is that while individuals are just as unlikely to sell at the top of the market; they are just as unlikely to buy at the bottom. History is replete with market booms and busts and the devastation of individuals along the way.

This is why chasing an all equity benchmark is inherently flawed. Benchmark indexes are riddled with issues that you can not replicate in your portfolio which I discussed in detail in Active vs. Passive & The Simple Reasons You Can’t Beat An Index:”

The reason that individuals are plagued by these emotional behaviors is due to well-meaning articles espousing stock ownership at cyclical valuation peaks.

Sure, it is entirely possible the current cyclical bull market is not over…yet.

Momentum driven markets are hard to kill in the latter stages particularly as exuberance builds. However, they do eventually end. That is unless the Fed has truly figured out a way to repeal economic and business cycles altogether. As we enter into the next decade, we are likely closer to the next contraction than not. This is particularly the case as the Federal Reserve continues to build a bigger economic void in the future by pulling forward consumption through its monetary policies.

Will the market likely be higher in another decade from now? Maybe. However, if interest rates or inflation rise sharply, the economy moves through a normal recessionary cycle, or if Jack Bogle is right – then things could be much more disappointing. As Seth Klarman from Baupost Capital once stated:

“Can we say when it will end? No. Can we say that it will end? Yes. And when it ends and the trend reverses, here is what we can say for sure. Few will be ready. Few will be prepared.”

We saw much of the same mainstream analysis at the peak of the markets in 1999, and again in 2007. New valuation metrics, IPO’s of negligible companies, valuation dismissals as “this time was different,” and a building exuberance were all common themes. Unfortunately, the outcomes were always the same.

“History repeats itself all the time on Wall Street”  – Edwin Lefevre

Source: 30% Up Years – Should You Sell It?

Quantum 75 – Predictions for 2020 — TheWeeFlea.com

Welcome to 2020 – here are Quantum’s predictions for the year…

https://twitter.com/daisycousens/status/1211124043266641920?s=12

  • President Trump will be reelected.
  • Britain will leave the EU – and little will change.
  • The decline in the Church in the West will continue.

 

A time for optimism – https://www.thetimes.co.uk/article/ignore-the-pessimists-there-has-never-been-a-better-time-to-look-on-the-bright-side-of-life-zr2n9c8ph

You can check the accuracy of last years predictions here-

https://theweeflea.com/2019/01/02/ten-predictions-for-2019-confusion-china-and-christ/

Quantum 74 – The End of Year Review – with Greta, Brexit, Boris, Trans, Woke, China, Trump, France, Story of the Year, and Peat ‘n’ Diesel

via Quantum 75 – Predictions for 2020 — TheWeeFlea.com

Interview with Costi Hinn — Christian Blogs – Delivered By Grace

In the latest episode of the G3 Podcast, Jeremy Vuolo and I talked with Costi Hinn, the nephew of Benny Hinn about his life, his new book, and theology. He was explicitly clear on the dangers of the health, wealth, and prosperity theology.

Direct Link: Episode 10 — Costi Hinn

via Interview with Costi Hinn — Christian Blogs – Delivered By Grace

January 2 Life-Changing Moments With God

Sing to the Lord a new song

I sing aloud to You, Lord God, my strength; I make a joyful shout to the God of Jacob. I raise a song and strike the timbrel, the pleasant harp with the lute. You have put a new song in my mouth—praise to my God; many will see it and fear, and will trust in You, Lord.

I can be strong and of good courage … not afraid, nor dismayed, for the Lord my God is with me wherever I go. The joy of the Lord is my strength.

Lord God, I know the time, that now it is high time to awake out of sleep; for now my salvation is nearer than when I first believed. Therefore let me cast off the works of darkness and … put on the armor of light. Let me walk properly, as in the day, not in revelry and drunkenness, not in lewdness and lust, not in strife and envy. But may I put on the Lord Jesus Christ, and make no provision for the flesh, to fulfill its lusts.

Lord, You are the same yesterday, today, and tomorrow—and of You I can always sing. Help me find joy and courage as I sing of Your goodness.

Isaiah 42:10; Psalm 81:1–2; Psalm 40:3; Joshua 1:9; Nehemiah 8:10; Romans 13:11–14[1]

 

[1] Jeremiah, D. (2007). Life-Changing Moments With God (p. 11). Nashville, TN: Thomas Nelson Publishers.

Cal Thomas: Why is socialism still so seductive to Americans? THIS is the surprising reason

Why does socialism continue to have appeal in America? Part of the reason is adherents claim it is fairer than capitalism.

Source: Cal Thomas: Why is socialism still so seductive to Americans? THIS is the surprising reason

10 insane, completely irrational things millions of Americans believe as we enter the 2020s | DC Clothesline

(Natural News) The 2020s may one day be called the “decade of insanity,” given all the insane things believed by a surprisingly large number of people. The frantic beliefs of these people are, of course, driving them to the brink of insanity. We see this with Greta Thunberg and the climate change lunatics, who are all convinced the world will literally be destroyed in 10 years if we don’t stop using fossil fuels (that’s item #3, see below).

When the masses can be convinced that they are all going to die, they tend to become rather crazed and irrational. And that’s where we are today in America, no longer the “land of the free” but rather the “cesspool of the insane,” led by psycho-terrorism organizations known as CNN, the Washington Post and the New York Times. They’ve all abandoned journalism and now prioritize carrying out acts of psychological terrorism (or what I’ve called “journo-terrorism”) against the American people.

So now we launch the decade of the 2020s as a nation that’s largely run by criminals and traitors (i.e. most of Congress and the bureaucracy), where the university students are taught by libtard nut jobs pretending to be “professors,” where investors think the stock market will never suffer a correction again, and where CNN literally reports that men can get pregnant and give birth to human babies, some of whom the Left says should probably be murdered in the name of “women’s rights” (i.e. abortion).

We are now living in the Age of Insanity, and it’s not looking any better for 2020 and beyond.

So here’s a list of 10 totally insane things that millions of Americans believe right now as we enter this decade of insanity. Hint: Given all the 5G radiation, brain damaging fluoride in the water, heavy metals in the food and hormones in food packaging, it’s certain that the insanity is only going to get worse, so buckle up and prepare for life in a mad, mad world.

Insane belief #1: Men can become women by wishing it so

Nearly all Leftists literally believe there are more than two genders and that a person of one gender can magically transform into a completely different gender just by wishing. (See Gender.news for many examples.)

Yes, Leftists now believe that men can get pregnant and have babies, and children are being taught that there are an infinite number of genders when, in reality, there are only two. By the same token, children are also being taught that getting the right answer on a test question isn’t important anymore… it’s how you feel about your answer that’s the new “reality.”

Insane belief #2: Stock market crashes are a thing of the past

This belief afflicts nearly all the masses, the oblivious retail investors who stupidly think their pension funds and mutual fund investments will keep growing forever, with no retractions, corrections or crashes.

So they buy and buy even as we are in such overbought territory that all the professional investors are selling everything and heading to their cabins in the woods with bars of gold.

In 2020, the typical American is now in “full FOMO” mode (Fear Of Missing Out) and is almost fanatically plunging all assets into the stock market in a desperate effort to chase the irrational exuberance to its final, disastrous end.

When the day of reckoning comes for these markets, the masses will be destroyed. But if the Fed plays along with more money creation and spontaneous liquidity, that day may yet be delayed until perhaps 2021 (or not).

Insane Belief #3: The Earth will be destroyed in 10 years if we don’t stop using fossil fuels

AOC reminds us that we now have a clinically retarded lunatic as a member of Congress, and she quite literally believes the entire planet will cease to exist in just ten years if we don’t immediately stop burning fossil fuels. But she’s not alone: The incessant fearmongering of the journo-terrorism media has managed to transform all sorts of previously rational people into raving climate lunatics who, when they speak, sound dumber than dirt.

If we were to halt the use of fossil fuels, of course, the global food supply would almost immediately collapse, leading to mass starvation, disease and a population implosion. Perhaps this is what the globalists really want, it seems, since they keep demanding it at every turn.

What’s new in all this is the fact that climate lunatics are now terrorizing children, then holding them up as “warriors” to fight for “climate justice” when, in reality, they’re just terrorized, abused young people who will one day come to harshly resent how they were exploited and psychologically terrorized by left-wing lunatics for political gain.

Insane Belief #4: A human baby that’s born alive isn’t really “alive” until the mother decides she wants to keep it

According to the same lunatic Leftists who have decided that men can somehow become women by wishing for a sex change, human babies that are born alive and healthy aren’t really “alive” until the mother decides she wants to keep that baby. Until that moment comes, the mother, the doctor and apparently anyone in the room with a baseball bat can legally murder that child in the name of “progressivism,” Leftists insist.

This is the new culture of the mainstream Left: Infanticide and violence against human babies. Celebrated and applauded by all Democrats.

And they justify it all by claiming that Trump is bad, therefore murdering babies makes it all even, somehow. Yes, it’s insane, but this is how the Left thinks. And it brings up the question: If these people are willing to murder their own children, do you really think they will hesitate to murder their political opponents if given the opportunity?

Keep that in mind the next time some baby-killing Governor (Northam, anyone?) announces he’s coming for your guns. Heck, they probably need your guns to help them execute all the children they plan to kill in the hospitals, while Michelle Wolf celebrates how killing babies makes her feel “like God.”

Insane Belief #5: Flat Earth

Yes, in the year 2020, we still have millions of Americans who quite literally believe the Earth is flat… like a disc floating in space. They also believe the sun and moon are discs, and that satellites don’t exist, and that gravity isn’t real.

And they are rather fanatical about these beliefs, convincing themselves that there is a global conspiracy to silence the truth about the “flat Earth” in order to prevent humans from discovering the edges where you can step off into outer space… or something.

I recently posted a detailed science article explaining what Flat Earthers get wrong about gravity and elliptical orbits, but it doesn’t matter what you say to them: They’re happy to redefine Kepler’s laws of motion, or Newton’s laws, or Einstein’s equations, or whatever it takes to pretend the Earth is a flat disc and all space flight was faked on a green screen stage in Hollywood.

At least the Flat Earthers aren’t fascists who demand we give up combustion engines or something, like AOC. Mostly, the Flat Earth movement is all about a “thought experiment,” but they aren’t dangerous like Leftists who want to murder children and collapse entire economies. If we had Flat Earthers in congress instead of climate lunatics, we’d actually be better off, come to think of it. And elections would be far more entertaining.

Insane Belief #6: All vaccines are safe, because somebody on the news said so

It’s amazing how many people still believe vaccines are safe, even when the federal government itself publishes vaccine damage statistics and details of the billions of dollars in payouts that have been made to the families of vaccine-damaged children. You can download the data yourself at VAERS.HHS.GOV.

Yes, vaccines kill children and adults, too. Vaccines use toxic ingredients, and they contain the genetically modified DNA of aborted humans who were altered to activate cancer genes.

Yes, the CDC openly admits vaccines contain neurotoxic substances such as formaldehyde, mercury, squalene and aluminum. There is no debate that vaccines carry risk of harm and manage to harm a great number of children each year, yet many American adults who consider themselves to be “informed” have no clue of this reality.

That’s because anyone who talks about vaccine safety is immediately de-platformed from all the major tech platforms. And that’s happening because the vaccine deep state is run by the same CIA that runs the tech giants, and they’re using vaccines as a depopulation bioweapon against humanity, right now at this very moment. If you’re curious to see the overwhelming evidence that proves this assertion, check out this article and video.

Insane Belief #7: The mainstream media tells the truth, or at least tries to

Of all the really stupid beliefs held by modern Americans, the belief that the mainstream media is even attempting to tell the truth is among the most insane. It’s not just that CNN, the NYT, the WashPost, MSNBC, etc., get every major story wrong, it’s the fact that they intend to lie to their audiences.

For years, they’ve peddled false conspiracies about Russia and election meddling, always running cover for Hillary Clinton, Joe Biden and the deep state, while knowingly publishing damned lies about Trump and his supporters.

The corporate media in America is, plainly stated, openly engaged in criminal treason against the United States of America, yet there are still a (shrinking number of) morons who can somehow watch CNN’s Brian Stelter and not laugh out loud or puke all over themselves.

I’m not sure which is shrinking faster: CNN’s audience, or the brains of the remaining few who somehow still watch CNN.

Insane Belief #8: Food isn’t medicine, and “real” medicine can only be acquired from pharmacies

Despite all the remarkable research about healing foods, nutrients, disease prevention, superfoods and “miraculous” food cures, there are still people — many of them are doctors — who think the only “real” medicine comes from a pharmacy.

Somehow, we are entering the decade of 2020 while millions of people still carry a belief system from the 1950s, when it was widely believed there were just four vitamins, and food was thought to be useless in promoting good health.

Now, of course, we know the truth: Pharmaceuticals are fake medicine, and food is the real medicine. If you’re not preventing disease and healing yourself through food, you’re not really up to speed on what modern science has documented about food as medicine.

In fact, we cover these breakthroughs every day at sites like FoodScience.news or SuperfoodsNews.com. Check them out to stay informed and prevent disease on a daily basis.

Insane Belief #9: All white people are evil, and the only “experts” in the world are children

This is a two-fer: The insane, delusional Left has now convinced millions of people that all white people are evil, but also that children are the new “experts” on things like gun control and climate change.

Yep, adults are stupid and children have all the answers. Is this a freaking Disney movie? Nope, it’s the new narrative of the retarded Left, which thinks a 16-year-old girl whose mother claims she can literally see carbon dioxide — an invisible gas — is now a more credible “expert” than a 30-year scientist and expert in atmospheric chemistry.

And if you put up a poster that says, “It’s okay to be white,” you are immediately accused of hate crimes. Yes, it’s okay to be black, and it’s okay to be brown, but it’s never okay to be white in today’s insane “progressive” society defined by left-wing bigotry, racism and hate.

And if you’re Asian, the entire left-wing university system will brazenly discriminate against you for being too smart, making sure they can usher in a bunch of unqualified minorities who can’t compete with Asians when it comes to cognitive tests, so they’re given bonus points for “social justice,” whatever that means.

As we enter the 2020s, I do want to welcome all the Asians to the club, where we are all called “racists” by the very libtard lunatics whose policies are, by definition, the most racist of all. Just remember, if you don’t agree with everything a Leftist says, you are engaged in hate speech.

Insane Belief #10: The world as you know it is sustainable and normal, and nothing will collapse because that’s unimaginable

Finally, the really big false belief is summarized by the phrase, “normalcy bias.” People think the world will always operate as it does now because that’s all they know. They are incapable of imagining anything else, such as a grid down collapse, an economic collapse, World War III, a civil war on the streets of America, a food collapse followed by mass starvation, visitation by aliens and so on.

So they lead their pointless lives as sheeple living out some sort of mad experiment in shared insanity, oblivious to the reality that almost everything they think is permanent is actually headed for collapse.

Much of what currently functions in the world is entirely unsustainable, and that means it must come to an end.

Endless money creation must come to an end. Government debt spending must come to an end. The loss of fossil water to irrigate food crops must come to an end. The ecological destruction of the planet will eventually collapse the food supply on which we depend. The pensions will collapse once the market corrects. The dollar will eventually be abandoned as a failed fiat currency. The nuclear power plants will eventually fail and melt down, perhaps following a severe earthquake that already places multiple nuke plants in California in the direct line of fire.

You get the point. The history of our world has rarely seen as long a run of peace and prosperity as the one we are currently experiencing. Most of human history has been punctuated by genocide, democide, world wars and economic collapse. The fool thinks that’s all “history” now, and modern humans finally have it all figured out, but the wise person knows that history repeats itself.

The Fourth Turning isn’t a myth, it’s a cycle.

There’s nothing new under the sun, my friends, and all the stupid things humans did in the past are about to be magnified in the present because humans are more stupid today than ever before. This is partially thanks to Google, which is now in the business of suppressing human knowledge and dumbing down the masses, but it’s also the fault of the masses, who decided the internet was invented to deliver porn instead of wisdom.

Yes, we’re fighting against all this with the upcoming launch of our own search engine called Webseed.com — launching in January — which will focus on health and wellness content. But that’s just a drop in the bucket compared to the ocean of idiocy that now defines those who both use and run Google, Facebook, Twitter and YouTube.

Will America survive past 2025 as it is structured now?

It is my belief that America as we know it will not survive beyond 2025, which means these are in the last five years of a world structured as “normal,” at least as you and I have come to know it.

I hope I’m wrong, but I fear I’m right, as I was right about the 2000 dot com crash, the 2008 sub-prime housing bubble crash, the election of Trump, the criminality of Obama, the false flag operations of the FBI and a hundred other accurate predictions I’ve made over the last two decades.

Believe what you wish, just know that the more closely your beliefs are aligned with reality, the better chance you have at surviving what’s coming. Those who believe nonsensical things won’t fare well as reality smack them hard.

Source: 10 insane, completely irrational things millions of Americans believe as we enter the 2020s

It’s Statistically Impossible For The FBI’s Spygate Errors To All Be Mistakes

Perhaps this wasn’t actually the most statistically improbable perfect storm of innocent oversights and clerical errors, all of which worked against Carter Page.

Source: It’s Statistically Impossible For The FBI’s Spygate Errors To All Be Mistakes

The Fed’s “Not-QE” & The $33 Trillion Stock Market In Three Charts | ZeroHedge News

Authored by Charles Hugh Smith via OfTwoMinds blog,

One day the stock market ‘falcon’ will no longer hear the Fed ‘falconer’, and the Pavlovian magical thinking will break down as the market goes bidless.

The past decade has shown that when the Federal Reserve creates trillions of dollars out of thin air (QE), U.S. stocks rise accordingly. The correlation is very nearly perfect.

This has given rise to the belief that buyers of stocks will always be rewarded because “the Fed has our backs.” The evidence for this belief is the near-perfect correlation of Fed money-printing and stocks soaring.

This near-universal belief in the omnipotent Fed raises an interesting question: how much actual control does the Fed have on the U.S. stock market? One way to approach this question is to plot the size (to scale) of the Fed’s current money-printing campaign of $60 billion per month, “Not-QE,” to the market cap (total value) of U.S. stocks, using the Wilshire 5000 as the measuring stick and the St. Louis Federal Reserve database (FRED) as the data source.

This first chart shows the Fed’s $60 billion per month “Not-QE” in relation the $33 trillion market value of U.S. stocks.

The nearly invisible thin red line is $60 billion in relation to $33 trillion. So exactly how does this signal-noise sum translate into “the Fed has our backs”?

But wait, you say; it’s not the monthly total that counts, it’s the annual total of Fed money-printing that counts. Your wish is my command: the second chart plots the relative size of $60B X 12 = $720 billion, should the Fed extend “Not-QE” for an entire year, compared to the $33 trillion U.S. stock market.

Hmm, $720 billion isn’t very much compared to the stock market. This raises the same question: how much direct control does the Fed have on U.S. stocks?

Every month there is buying and selling of stocks, in relatively low volumes. If there’s more buying volume than selling volume, we can say there is X buying volume net of selling volume. If there’s more selling volume than buying volume, we can say there is X selling volume net of buying volume.

By way of a thought experiment, let’s say sellers unload 3% of the U.S. stock market market cap, net of buying, in the course of a month. This 3% equals about $1 trillion. Now 3% isn’t that much; a real sell-off could see owners dumping far higher percentages of the stock market’s total valuation.

The third chart plots one month of the Fed’s “Not-QE” ($60 billion) compared to $1 trillion in net selling over one month. Hmm… even when compared to a mere 3% of the stock market’s market value, the Fed’s $60 billion is a popgun, not a bazooka, much less a nuclear detonation.

In claiming “the Fed has our backs,” buyers are claiming that $60 billion in Fed money-printing has essentially total control of a $33 trillion market. Looking at these sums to scale should raise some doubt about the direct control the Fed exerts on the stock market.

What’s actually driving stocks higher is the psychology of buyers anticipating everyone else buying because of Fed money-printing, not the money-printing itself. It’s clear that any sort of even modest selling pressure will completely overwhelm the Fed’s “Not-QE” popgun.

We might productively recall that there is no law requiring the currency the Fed creates to flow into the stock market. The $60 billion might flow into bonds, or commodities, or some other form of financial asset (mortgage backed securities, bat guano derivatives, etc.).

Understood in this fashion–the modest size of “Not-QE” compared to the $33 trillion stock market, and the complete absence of direct Fed control of the stock market–the psychology of buying in anticipation of others buying in a Pavlovian response to Fed money-printing is fundamentally a form of magical thinking that reflects the durability of the Pavlovian reaction, not actual Fed control of the stock market.

The difference between the two will start to matter when a sell-off overwhelms the Fed’s “Not-QE” popgun. Don’t think it won’t happen just because it hasn’t happened yet.

As per Yeats, Turning and turning in the widening gyre, The falcon cannot hear the falconer; one day the stock market ‘falcon’ will no longer hear the Fed ‘falconer’, and the Pavlovian magical thinking will break down as the market goes bidless.

Source: The Fed’s “Not-QE” & The $33 Trillion Stock Market In Three Charts

U.K. Spy Steele Claims John McCain Aide Leaked ‘Pee’ Dossier to BuzzFeed

Anti-Trump dossier author Christopher Steele testified that he was “absolutely flabbergasted” when BuzzFeed published the dossier after an advisor to late Senator John McCain shared the controversial document with the media outlet purportedly against Steele’s wishes.

Source: U.K. Spy Steele Claims John McCain Aide Leaked ‘Pee’ Dossier to BuzzFeed

Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier

The Fed’s charter prohibits its from directly purchasing bonds or bills issued by the US Treasury: that process is also known as monetization and various Fed chairs have repeatedly testified under oath to Congress that the Fed does not do it. Of course, the alternative is what is known as “Helicopter Money”, when the central bank directly purchases bonds issued by the Treasury and forms the backbone of the MMT monetary cult.

But what if there is at a several day interval between Treasury issuance and subsequent purchase? Well, that’s perfectly legal, and it’s something the Fed has done not only during QE1, QE2 and QE3, but is continuing to do now as part of its “QE4/NOT QE.”

Here’s how.

Source: Helicopter Money Is Here: How The Fed Monetized Billions In Debt Sold Just Days Earlier

US-Led Coalition Against Daesh Killed 1,359 Civilians Since 2014

WASHINGTON (Sputnik) – The US-led coalition against the Daesh* terrorist group killed nearly 1,360 civilians since the beginning of airstrikes in 2014, Combined Joint Task Force – Operation Inherent Resolve (CJTF-OIR) said in a statement.

Source: US-Led Coalition Against Daesh Killed 1,359 Civilians Since 2014