This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash in U.S. History

Sunrise-Globe-Earth-Planet-Space-Public-Domain-460x259We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember what was happening back then. Overall, this was the worst week for the Dow in four years, and there have only been five other months throughout history when the Dow has fallen by more than a thousand points (the most recent being October 2008). Of course we still have six more trading days left in August, so there is plenty of time remaining for even more carnage.

By itself, the 530 point plunge on Friday was the ninth worst stock market crash in all of U.S. history. The following list of the top eight comes from Wikipedia…

#1 2008-09-29 −777.68

#2 2008-10-15 −733.08

#3 2001-09-17 −684.81

#4 2008-12-01 −679.95

#5 2008-10-09 −678.91

#6 2011-08-08 −634.76

#7 2000-04-14 −617.77

#8 1997-10-27 −554.26

Another very interesting thing to note is that the largest stock market crash in U.S. history took place on the very last day of the Shemitah year of 2008, and now we are less than a month away from the end of this current Shemitah year.

It is funny how these strange “coincidences” keep happening.

The financial carnage that we witnessed on Friday was truly global in scope. On a percentage basis, Chinese stocks crashed even more than U.S. stocks did. Japanese stocks also crashed, so did stock markets all over Europe, and emerging market currencies all over the planet got absolutely destroyed.

The following is how Zero Hedge summarized what went down…

China’s worst week since July – closes at 5 month lows

Global Stocks’ worst week since May 2012

US Stocks’ worst week in 4 years

VIX’s biggest weekly rise ever

Crude’s longest losing streak in 29 years

Gold’s best week since January

5Y TSY Yield’s biggest absolute drop in 2 years

Even though I specifically warned that this would happen, and have been explaining why it would happen on my website in excruciating detail for months, the truth is that I didn’t expect stocks to start crashing this quickly or this ferociously.

Normally, August is a fairly slow month in the financial world. As I have discussed previously, most of the really noteworthy stock market crashes throughout history have taken place during the months of September and October. So I thought that things wouldn’t start getting really crazy for another few weeks at least.

Financial markets tend to fall much faster than they go up, and I believe that we are moving into a time of extraordinary volatility. There will be huge down days, and there will also be huge up days. In fact, the three largest single day rallies in Dow history happened right in the middle of the financial crisis of 2008. So don’t let what happens on any one particular day fool you.

An absolutely gigantic global financial bubble is beginning to burst, and stocks could potentially fall a very, very long way. For instance, just consider what MarketWatch columnist Brett Arends has just written…

I don’t mean to be alarmist or to induce panic, but someone needs to tell the public that there is a plausible scenario in which the U.S. stock market now collapses by another 70% until the Dow Jones Industrial Average falls to about 5,000.

It is important to keep in mind that Arends is not a “bear” at all. He is a very level-headed analyst that tries to objectively look at all sides of things.

I sincerely hope that global financial markets will stabilize for at least a couple of weeks. But there is absolutely no guarantee that will happen.

So many of the things that I have been warning about on this website and on End of the American Dream are starting to unfold right in front of our eyes. If I am right, this is just the beginning. I believe that we are moving into a time of unprecedented chaos, and our nation is about to be shaken to the core.

Hopefully you have been preparing for the storm that is coming for quite a while and you will not be surprised by what is about to happen.

Unfortunately, the same cannot be said for the vast majority of Americans. Most of them are totally unprepared for what is coming, and they are going to be completely blindsided by the events that will unfold in the months ahead.

The relative calm of the past few years has lulled millions into a false sense of complacency.

If you are one of those that have dozed off, I have a word of warning for you…

Wake up and get ready.

It’s starting. (Re-posted with permission, “This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash in U.S. History” originally appeared HERE)

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Hackers Dump SECOND, Even Bigger Batch of Ashley Madison Records

2B87F0CA00000578-0-image-a-1_1440097972336By Daily Mail Reporter. A second, even bigger, cache of files exposing details about the adultery website Ashley Madison has been released.

Hacking group ‘the Impact team’ at lunchtime on Thursday released another mine of documents and confidential information to back up their first 9.7 gigabyte leak, according to Vice.

The new documents were dumped with a taunting message to the adultery website’s founder as exposed users began to publicly admit their involvement.

‘Hey Noel, you can admit it’s real now,’ read the post – presumably directed at the company’s millionaire CEO Noel Biderman, who has refused to admit the material is all legitimate.

The 20GB is focused on the inner workings of the website rather than individual subscribers but the release will do little to calm the nerves of the cheaters whose personal details have been exposed. (Read more from “Hackers Dump SECOND, Even Bigger Batch of Ashley Madison Records” HERE)

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Report: Popular Christian Video Blogger Had Ashley Madison Account

By Michael Allen. Sam Rader, a popular Christian blogger (along with his wife Nia), was allegedly a member of the adultery web site Ashley Madison, according to a new report.

The couple, who have two small children, made news earlier this month when Sam secretly tested his wife’s urine from a toilet and told her that she was pregnant. Nia claimed three days later to have miscarried, but some medical experts questioned the pregnancy, noted Buzzfeed News. In response, Sam followed up with diatribe against the “haters,” and said his family was being persecuted for being Christians.

The Daily Mail reports today that Sam was listed as a former paid member per the Ashley Madison data that was recently dumped online by hackers.

Sam allegedly paid Ashley Madison $189 twice in September 2013, which would have been when his second child was born during his fourth year of marriage to Nia. There were allegedly four more payments by Sam to Ashley Madison for $14 each.

According to the Daily Mail, the account info was first revealed in an online 4chan forum, which are notorious for exposing hacked content. (Read more from this story HERE)

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This State Enacted a Gay Conversion Therapy Ban for Young People

rainbow-flag_0Illinois Gov. Bruce Rauner on Thursday signed legislation banning therapists from trying to change a young person’s sexuality.

Under the new law, those under 18 years old can get counseling to discuss concerns or thoughts about their sexuality, but professionals licenses by the state may not try to change the minor’s orientation.

“These so-called ‘therapies’ treat homosexuality as a disease,” Evanston Democratic Sen. Daniel Biss said in a statement after Rauner signed the bill Biss sponsored with state Rep. Kelly Cassidy, a Chicago Democrat. “They’re out of date and can be deeply destructive to youth. Outlawing these practices is a small step in our pursuit for LGBT rights, but it’s an extremely important step in protecting young people in Illinois.”

Backers of the measure were unsure how Rauner, a first-term Republican who has kept his stance on several social issues private, would act. Rauner has refused to discuss his views on same-sex marriage.

After announcing the bill’s signing, spokeswoman Catherine Kelly said Rauner has no social agenda and believes the measure protects the children’s interests. (Read more from “This State Enacted a Gay Conversion Therapy Ban for Young People” HERE)

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When a Mom Spotted This Question on Her Fourth Grader’s Math Homework, She Lost It

Student-Teacher1The mother of one Ohio elementary school student is enlisting the assistance of local and social media to determine why a recent classroom assignment was peppered with what she felt to be inappropriate references.

She posted a social media photo showing an assignment sent home on the second day of the school year, prompting the press and concerned parents to share the image.

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Specifically, references to liquor and food stamps were deemed particularly controversial, the unidentified parent concluded.

She updated her original Facebook message after contacting the teacher who assigned the homework:

I suggested that with questionable wording, he should, maybe, have the pages retyped with new words and recipes he agreed. So not sure this resolved anything, but at least this teacher is aware that parents do pay attention to their kids’ assignments.

(Read more from “When a Mom Spotted This Question on Her Fourth Grader’s Math Homework, She Lost It” HERE)

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Trump and the Sharknadoing of American Politics

Donald TrumpThere is no way you were fully prepared for it.

Not even if you had been rooting for it for years.

That’s what happens when the status quo gets burned to the ground, as it appears may now be happening in America. Today’s depth of support for the likes of Donald Trump and Bernie Sanders, while legacy candidates like Jeb Bush and Hillary Clinton flounder, has everyone at least a little breathless – myself included.

I never anticipated the public’s rage to be this acute so early in the search for a new president. And it’s been nothing short of fun to watch it all play out. Someone refill my tub-o-corn before the next episode — stat!

These are the days of Sharknado politics, when the deadly seriousness of cultural decline is being met in force by the sometimes farcical anti-heroes of its own creation. It will often feel bizarre and unsettling, but that is as it should be after decades of thin gruel to feed on.

There are many others who could have and should have stepped in more forcefully before it came to this, but when it comes right down to it there was something about the gruel they never wanted to give up.

Let’s start with the example of the church. The reason religious factions came to dominate the activity of just one political party’s base is a cautionary tale. Such a thing happened because the broader church did nothing short of surrender its true missionary calling in the culture.

Way too much comfort and conformity. Way too little cross.
And so it was that the breach was often filled by the ill-equipped, the overly-harsh and, perhaps most of all, by people on both the blue and the red teams who felt it easier and easier to check the God box without ever standing and delivering on His behalf.

Then it got worse. More and more folks started justifying things in God’s name that are in fact antithetical to His plan and purpose. The church fumbled, and the country floundered.

Now we have businesses being shut down because of their beliefs, non-existent borders, worship of the environment, a cross-dressing military, dudes marrying dudes, and bags of baby parts for sale. Yet prophets of rebuke are still in remarkably short supply.

Enter the Sharknado in the form of Trump, a moral code unto himself. Some form of morality – good, bad, or Trumpian – will always fill the vacuum left behind by moral cowards. And right now we are getting the street justice of a campy action film star who isn’t afraid to blast Jaws 3 The Director’s Cut-level rhetoric in all directions.

How long that will be more entertaining than exhausting remains to be seen. But it ain’t Trump’s fault. A Trump has to Trump.

The simple fact is that the GOP establishment treachery – which became the true high-church calling for many playing fast and loose with the labels Christian and conservative — has gotten so bad that the unpredictability of Sharknado politics is far preferable to two-faced business as usual. And you know why? Because at least it’s honest.

Trump isn’t saying he’s a conservative and no one expects him to be. Everyone who isn’t protecting some version of the flat-earth society gets that by now and has made their peace with it. Give them anything other than traveling down a road that leads to the likes of McCain, Romney, Boehner or McConnell.

Literally anything.

In fact, folks appreciate Sharknado politics for being so brazenly over the top when all they’ve been dealt for years is underhandedness and subterfuge. It’s kind of like going to Vegas at this point. Sure, they may lose it all on Trump if they go all in, but with the GOP establishment they know they don’t even get to play a hand.

Every other GOP politician, including fellow “outsiders” Ben Carson and Carly Fiorina, is indentured to playing by a different set of rules, though. No one stands a chance of out-Trumping the Donald. But if they can combine the qualities of the poet, the statesman, and the warrior in defense of American Exceptionalism as patriots like Jefferson, Lincoln and Reagan once did, then and only then can the Sharknado be quelled.

There is no other way, and in my estimation someone like Texas Sen. Ted Cruz is just the field general to call forth the enormous power and glory of the better angels of our nature. Someone who like Trump also offers a divergent path from the GOP establishment’s road to nowhere, but with the conservative principles we cherish in tow.

The only way to clear the air of the Sharknado is to seek new heights, not dig a deeper ditch to nowhere. There are normally reliable, articulate conservatives among the political class and the beltway punditry who have either not figured this out yet or simply resent the hell out of it. The world is passing them by and is requiring far more than words that sell magazines and garner “follows,” but otherwise don’t move the cultural needle.

Enough is enough. The status quo gave us the Obamination enabled and funded by the GOP establishment we currently live in. Thus, viva la revolution!

In the church. In the culture. In our conscience. Every corner of our country is desperate to see the light. (Re-posted with permission, “Trump and the Sharknadoing of American Politics” originally appeared HERE)

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China Conducts Fifth Test of Hypersonic Glide Vehicle

Hypersonic GliderBy Bill Gertz. China this week carried out another test of a new high-tech hypersonic glide vehicle, an ultra high-speed missile designed to deliver nuclear weapons and avoid defenses.

The latest test of what the Pentagon calls the Wu-14 hypersonic glide vehicle was carried out from the Wuzhai missile test range in central China. The test was judged successful, according to defense officials familiar with details of the event . . .

U.S. intelligence agencies have been tracking the Wu-14 since for over a year and have gained valuable insights into the weapon, the officials said.

No additional details were provided on the maneuvering activities of the Wu-14. However, the evasive actions bolstered suspicions that China is building the missile with capabilities designed to defeat U.S. defenses.

Current U.S. defenses are designed to track missiles that travel in predictable flight paths and are unable to counter maneuvering warheads and glide vehicles. (Read more from “China Conducts Fifth Test of Hypersonic Glide Vehicle” HERE)

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China Ramping up Publicity for Upcoming Military Parade

By Christopher Bodeen. China is ramping up publicity for its upcoming massive military parade commemorating the end of World War II, but officials still aren’t saying what other countries are taking part.

Propaganda officials escorted foreign journalists Saturday on a tour of a military base outside Beijing, where troops are practicing for the Sept. 3 spectacle that will feature 12,000 soldiers and 500 pieces of China’s latest military gear.

Almost 200 aircraft of about 20 different types will also the part. (Read more from this story HERE)

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What Would Happen If a Massive Solar Storm Hit the Earth?

1395861452855424172We all know that major storms can wreak havoc, flooding cities and decimating infrastructure. But there’s an even bigger worry than wind and rain: space weather. If a massive solar storm hit us, our technology would be wiped out. The entire planet could go dark.

“We’re much more reliant on technology these days that is vulnerable to space weather than we were in the past,” said Thomas Berger, director of the Space Weather Prediction Center at the National Oceanic and Atmospheric Administration. He told Gizmodo, “If we were hit by an extreme event today, it’d be very difficult to respond.”

“Solar storm” is a generic term used to describe a bunch of stuff the Sun hurls our way, including x-rays, charged particles, and magnetized plasma. A massive solar storm hasn’t hit the Earth since the mid-19th century, but space weather scientists are very worried about the possibility of another . . .

A solar storm usually starts with a solar flare — a giant explosion on the surface of the sun that sends energy and particles streaming off into space. Small, C-class flares occur all the time and are too weak to affect the Earth, while mid-sized M-class flares can produce minor radio disruptions. X-class flares, meanwhile, are the largest explosions in the solar system, releasing up to a billion hydrogen bombs worth of energy. These eruptions occur very rarely, but when they do, they’re an epic sight.

One of the most powerful flares measured with modern instruments took place during a solar maximum in 2003. It was so large it maxed out our satellite sensors, which registered an X-28 (28 types larger than an X-1 flare, which itself is 10 times greater than an M1 flare). (Read more from “What Would Happen If a Massive Solar Storm Hit the Earth?” HERE)

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Poll: 31 Percent of Young Americans Are Not Completely Heterosexual

YoungAmerican(Editor’s note: this is likely a garbage poll, similar the scientifically vacuous work of child-molesting Alfred Kinsey, but it reflects how the left is attempting to convince society that pretty much everyone is a pervert) According to a new poll, 31 percent of Americans between the ages of 18-29 do not identify as exclusively heterosexual on the seven point “Kinsey Scale.”

The 0-6 scale, created by sex researcher Alfred Kinsey, has a range of sexual orientation from completely heterosexual (0) to completely homosexual (6).

The YouGov poll found that 78 percent of all Americans are totally heterosexual, but only 64 percent of people between the ages of 18-29 were.

When it comes to bisexuality, 24 percent of Americans, ages 30-44, claim to be on that scale, but only 8 percent (or less) of people over 45 years old would classify themselves that way. (Read more from “Poll: 31 Percent of Young Americans Are Not Completely Heterosexual” HERE)

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Bakers Who Were Fined $135,000 for Gay Wedding Cake Refusal Deliver a Major Surprise — and a Powerful Message — to 10 Gay Rights Groups

IMG_4351-620x465Aaron and Melissa Klein, the owners of Sweetcakes by Melissa, were ordered by Oregon state officials last month to pay $135,000 in damages after they declined to make a wedding cake for a lesbian couple. Now, the bakers are sending a powerful message to gay rights groups.

The Kleins, who continue to defy a July 13 order from Oregon’s Bureau of Labor and Industries, decided this week that they wanted to let gays and lesbians know that, despite ideological and theological differences, they love and care about them.

The husband and wife duo baked 10 cakes, packaged them up and drove to California, where they collaborated with Ray Comfort — the Christian leader who recently released “Audacity,” a movie about homosexuality — and mailed them out to gay rights groups on Wednesday . . .

The Kleins drove down to meet Comfort in California, where they shipped the cakes along with a letter, a $25 gift card and a copy of “Audacity” with each package . . .

“We wanted to have the cake represent freedom — that we all should have freedom and to live our lives the way we want to,” she said, noting that she believes gays and lesbians should be free to live as they choose. “But I also feel like I should have the right to live the way I want to, and that should be my choice.” (Read more from “Bakers Who Were Fined $135,000 for Gay Wedding Cake Refusal Deliver a Major Surprise — and a Powerful Message — to 10 Gay Rights Groups” HERE)

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Like the Gulag Archipelago, the Planned Parenthood Videos Show Us the Victims of a Utopian Dream

PP-Video-GulagMillions of highly-educated Americans still defend Planned Parenthood. Forty years ago, the same kind of people defended Communism. They might have regretted its excesses, and cringed at some of its methods, but its astronomically high ideals inspired them, especially next to the gritty reality of free competition under law.

The Bolsheviks in Russia, then Mao’s cadres in China, and Castro’s in Cuba, were striving to free men of 10,000 years of historical baggage, to rip up the structures of exploitation that had encrusted us over the centuries, to tear out selfishness from its root in the human heart and replace the squabbling, grasping consumers in the marketplace with a stark and ascetical species: Socialist Man. The Party would use its absolute power for good, and not for evil. It would fill the earth with mandatory Franciscans, men and women forged in the blast furnace of struggle until they were happily poor, proudly chaste and perfectly obedient. They would dwell in the happy paradise that Marx had sketched out for them, free of shortage and strife, dabbling at work in the morning, then writing poetry or hunting as the sun went down. There are colorful icons depicting this heaven on earth which Stalin commissioned, in the style he named “Socialist Realism.”

Like Marx and Lenin, Margaret Sanger had a dream. She had grown up in a large family, and seen her mother die shortly after childbirth. Sanger chafed at the grim, biological fact that the ecstasy of sex was chained to pregnancy, to medical risk and physical pain, to squalling brats and stinking diapers. Why should the best, most exciting moments in life be yoked by a pulsing, pink umbilical cord to years of sacrifice and self-denial? Just as Marx looked at how men interact economically and saw a dark conspiracy, Sanger stared at the facts of mammalian reproduction, and found them a crime against women. An unplanned pregnancy was a biological injustice, and this “Woman Rebel” (the title of Sanger’s first magazine) would lead a revolution to correct it.

Revolutions have victims, of course. It takes some heavy lifting to build utopia on earth. As Lenin said, you can’t make an omelet without breaking a few eggs. “Some of them even fertilized,” Sanger might add with a snicker, from her seat beside him in Hell.

The Western Left lived for decades in denial of Communism’s victims. Just as neo-Nazis today seek to deny, minimize or explain away the Holocaust, Marxists throughout the world colluded with Soviet propaganda to hide the brutalities of the Soviet regime, its savage abuses of power that began in 1917 and continued (sometimes worsening, sometimes abating) until its collapse in 1990.

For every truth-teller like Malcolm Muggeridge and Robert Conquest, there were at least a hundred wistful Western Marxists to wave away the reports of Bolshevik murder squads shooting priests; stealing land from Ukrainian peasants and leaving them to starve by the millions; hammering on doors at 3 a.m. to arrest innocent citizens in the tens of millions, and haul them off to freeze or be worked to death in the icy camps of the Gulag. It’s impressive, really, when you think about it — the largely successful effort by partisans of Marx to hide one of the greatest crime waves in history. According to democide scholar R.J. Rummel, the Soviet regime murdered some 62 million people. And yet for decades, Western Marxists were able to sweep those people’s ashes under the rug.

Until Solzhenitsyn.

A courageous veteran of the World War II Red Army and once a believing Marxist, Alexander Solzhenitsyn was sent to a Gulag camp for penning a letter that cracked a joke about Stalin. For years he worked, and froze, and nearly starved in those sub-Arctic camps. It was in them that he found God and first learned to pray. But he also learned something else: That most of the “convicts” (zeks) who languished there were innocent like him. They weren’t “saboteurs,” “wreckers,” or Nazi spies, as his schools and the Party newspapers had drilled him into thinking. They were ordinary people, who had tried to lead regular lives, and thus run afoul of a system that denied human nature in service of a fantasy. A daydream, really: Marx’s irresponsible musings about the shape of a perfect future, the kind of rot that nowadays might appear at the Daily Kos.

But this wish-fulfillment fantasy had captured the brains of intellectuals, and helped them to channel their characteristic emotions — hubris, envy and impotent rage. Then the Dream got control of a country, of hundreds of millions of flesh and blood experimental subjects whom those intellectuals could run through their mazes, could shock or starve, then kill.

Solzhenitsyn met the victims of the Dream, and asked them to tell their stories. He scrawled their accounts of cruelty, courage, and conversion on tiny scraps of paper, and hid them wherever he could. When he was finally released, he smuggled them out of prison, and spent long years collecting and editing those narratives. He wove them together into a literary and historical masterpiece, The Gulag Archipelago, which he spirited into the West, where it was published in 1973. The nattily tailored Communists of Paris and London scoffed at the book as CIA propaganda, or furiously denounced him. But the truth was out. Each day, it seemed, another longtime Communist would come out and admit that he’d read the book, and was resigning from the Party. The Soviet Union’s foreign legion of collaborators began to melt away and defect. The first cracks appeared in the Berlin Wall — down at its foundations, in the minds of intellectuals. They saw at last the faces of the victims, and began to doubt the Dream.

The newest video from the Center for Medical Progress is not a literary masterpiece, but surely Solzhenitsyn is smiling. Men like David Daleiden are carrying on his mission, driven by the same love for concrete, individual human beings who were made in the image of God. Abortion in America has not racked up as many victims as Communism did in Russia: We have killed 57,762,169 as of January, 2015. So we are still some 4 million short of the Soviet total. And Margaret Sanger cannot take sole blame for the death toll, any more than Marx or Lenin can. Each could claim many thousands of accomplices.

But it is Sanger’s dream of absolute, unfettered sexual indulgence that keeps the butchers in business. Marx and Lenin knew that you cannot build socialism unless you are willing to kill and imprison people who cling to their freedom and private property. And Sanger knew that if you were absolutely determined to cut the link between orgasm and childbirth, you would need to use a scalpel. When we look at the tiny face of the baby whom we see dead in the latest CMP video, we need to realize that Sanger could picture it just as well. Like Marx, she knew that her dream would come at a price. She thought it was worth it. As she wrote in 1922, in Woman and the New Race, “The most merciful thing that the large family does to one of its infant members is to kill it.” (Re-posted with permission, “Like the Gulag Archipelago, the Planned Parenthood Videos Show Us the Victims of a Utopian Dream” originally appeared HERE)

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