- Do you still believe in the official 9/11 fantasy story? If you think 19 Muslim hijackers did it: you are an idiot! Do you really think someone who just got his Cessna pilot licence can fly a 757? And navigate it for a few hours and target the WTC Twin Towers so accurately? While the greatest military machine on earth was coincidentally told to stand down and goto asleep. While VP Dick Cheney refused to order the interception of the hijacked plane? No steel frame buildings have ever collapsed due to fire! But on 9/11, three towers just coincidentally collapsed together and WTC7 was not even hit by a plane!
China’s Tallest Building Catches Fire, Does Not Collapse
Shanghai’s World Financial Center, the tallest building in China upon completion, defied all known physics yesterday afternoon when it caught fire but did not collapse, a modern day miracle in light of the commonly accepted premise that since 9/11, all steel buildings that suffer limited fire damage implode within two hours.
Officials put the time of the outbreak of the fire at 4pm and said that was extinguished by about 6pm. The south tower of the WTC burned for just 56 minutes before collapsing, while the north tower lasted around an hour and 45 minutes. According to the official transcripts of the firefighter tapes, fires in both towers were almost out immediately before the collapses.
Madrid’s Towering Inferno & The 9/11 Building Collapse Cover-Up
A 32-story building burns for more than 24 hours and does not collapse. It does not collapse because buildings made of steel and concrete, despite what we are led to believe, do not typically fall to the ground because of fire, even a protracted fire as witnessed in Madrid. In fact before September 11th, 2001, no building had ever collapsed as a result of fire alone. In past events, high-rise buildings burned for as long as six days before the fires were extinguished and yet remained standing. [ Click Here for A Video Report from the BBC ]
The media covering this event has been hovering on the edge of its seat, waiting for the building to fall, frequently commenting on the debris falling from the inferno implying that some tumbling sheet rock are an indication of the building’s seemingly inevitable downfall. Their headlines reiterate this conclusion: Spanish Skyscraper Fire Subsiding, But Collapse Possible, Fears of collapse as fire ravages huge Madrid office block, Madrid skyscraper collapse feared as inferno rages. Ignoring objectivism, the reports have been clearly skewed to direct the public to belive in the new post-9/11 laws of physics:
“It is clear the structure has been damaged and has suffered high temperatures, and we cannot be certain that a pillar, girder or some other structural element will not collapse,” Javier Sanz, fire chief for the Madrid region, told state radio. [read article]
The connection between this event and the collapse of WTC building 7 is impossible to ignore and the media are doing everything in their power to subvert reality and spin this event: All they have to do is remind us its going to collapse over and over again until the next news cycle and the event is forgotten in the back pages of the newspaper. At that point it won’t matter if the building actually collapsed or not and the world will keep spinning according to the new post-9/11 laws of physics.
- The bond market rallied on Thursday to give rising yields some respite. The 10 year US treasury chart does not look good, though. The FedRes is not god, the market will have the final say on their profligate money printing policies. Yields are rising despite Helicopter Ben’s policy of buying bonds to lower yields! QE is merely currency debasement and it will eventually lead to hyper-inflation!
Global bond rout deepens on US fiscal worries (emphasis mine)
Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of US Treasuries and bonds across the world, threatening to short-circuit any benefits of stimulus. The bond rout raises concerns that the US authorities may be losing control over events.
The yield on 10-year Treasuries – the benchmark price of money worldwide and the key driver of US mortgages rates – has rocketed to 3.3pc, up 35 basis points since President Barack Obama agreed on Monday to compromise with Senate Republicans on tax cuts.
The Treasury sell-off has ricocheted through the global system, triggering bond sell-offs in Asia, Europe and Latin America. Japan’s finance ministry braced as borrowing costs on seven-year debt jumped by a sixth in one trading session, while German Bunds punched through 3pc.
David Bloom, currency chief at HSBC, said it is hard to disentangle whether investors are shunning bonds because they expect US stimulus to boost growth next year, or whether they are losing patience with profligacy in Washington. “If this is all about growth, that’s brilliant. But if yields are rising because people think America’s fiscal situation is unsustainable, then its armaggedon,” he said.
“The US can get away with this only because it is the world’s reserve currency. This would be totally unacceptable in any other country. We think these problems will start to crystallise for the US in the second half of 2011, once the European debt crisis has stabilised,” he said.
The warnings were echoed by Li Daokui, a rate-setter for China’s central bank. “The focus of the market is still in Europe, but we must be aware that the US fiscal situation is much worse than in Europe,” he said.
The US tax deal adds $1 trillion of stimulus over two years, according to BNP Paribas. America’s budget deficit will remain stuck near 10pc of GDP, not just in 2011 but also in 2012. This will push gross public debt to 110pc of GDP under the IMF definition, near the brink of a debt compound spiral. The contrast with fiscal tightening in Europe has become starkly evident.
Both Moody’s and Fitch warned that the US must map out a credible strategy to control spending. “We have long-term concerns about the US rating outlook and they’re not yet being addressed,” said Stephen Hess, chief US analyst for Moody’s.
Stephen Lewis, from Monument Securities, said the bond rout is a sign that Washington can no longer take global markets for granted. “We have reached the limits of tolerance for budget deficits. There is a feeling around the world that nobody in Washington is paying any attention to the implications of what they are doing, but there is a very real risk that this will backfire if it causes mortgage rates to keep going up,” he said.
“At the same time we’ve seen a loss of confidence in Fed strategy. There is a feeling that the Fed doesn’t care about inflation – in fact, wants more of it – and that is certainly not in the interest of bondholders,” he said.
The standard rate for 30-year mortgages in US has moved up in tandem with Treasury yields. The rate has been creeping up ever since the US Federal Reserve first signalled plans for a fresh blast of quantitative easing, rising 85 basis points in three months.
The housing squeeze raises serious doubts about the Fed’s plan to purchase a further $600bn in Treasuries over coming months, or QE2 as it is known. …
US data on foreign holdings of Treasuries and agency bonds are published with a delay, but monthly figures show that China sold a net $24bn in September and Russia sold $10bn. The concern is that investor flight from US debt will overpower the monthly purchases of $100bn by the Fed, making it ever harder for Washington to raise the $1.4 trillion needed next year to cover the deficit.
The rise in yields risks becoming a textbook case of a central bank losing control over long-term rates. The danger is that market fears of future bond losses – whether from inflation or higher default premiums – will neutralise the stimulus, or lead to stagflation.
Tom Porcelli, from RBC Capital Markets, said the Fed rates might be nearer 4pc by now if the Fed had not acted. However, he said there was no justification for QE2 at a time when the economy is growing at more than 2pc, and core inflation – though the lowest since the 1960s – is positive at 1pc. “Nobody believes that we’re slipping into deflation anymore. That phase has passed,” he said.