Assessment: Chairman Powell will speak at 2 PM today on the Fed’s plan for raising interest rates, in what will be one of the most watched Fed decisions since the 2018 stock market crashed 20% over … raising interest rates. In that decision, the Fed capitulated and the money printing not only continued, it more than doubled …
The Federal Reserve is talking about raising interest rates. But the US economy is buried under piles of debt. I’ve been asking how this is going to work for months. Apparently, the question has finally occurred to the mainstream.
A CNBC article declared, “Fed rate hikes will intensify a global debt crisis, research warns.”
Well, yeah. Duh.
“And do not harm the oil and wine” Revelation 6:6
According to the study came from a UK non-profit the Jubilee Debt Campaign, debt payments rose in developing countries by 120% between 2010 and 2021. They are currently at their highest levels since 2001.
The sharp increase in debt payments is hindering countries’ economic recovery from the pandemic, the report suggested, and rising US and global interest rates in 2022 could exacerbate the problem for many lower income countries.”
The study and the CNBC article are really a pitch for debt cancellation, but their narrative swerves into an unpleasant truth for US policymakers. Raising interest rates in a world awash in red ink is going to be a problem. And not just for “developing countries.”
The US government is closing in fast on $30 trillion in debt with no end to the borrowing and spending in sight. The federal government managed to run a deficit in December despite record receipts.
In December alone, the federal government spent $508 billion. The was the highest December spending level ever. Through the first three months of fiscal 2022, the federal government has already spent $1.43 trillion. That’s a record for the first quarter of any fiscal year.
Raising interest rates will drastically increase the cost of servicing all of that debt. And it will increase the cost of borrowing more money for the Biden spending coming down the pike.
Read More @ Zero Hedge HERE
Assessment: Among the principal findings are that Jewish life in Europe is expected to face more hostility in the future. A significant 53% of Jewish respondents believe the situation of Jews in Europe will worsen, with only 25% believing things will stay the same …
The rise of physically violent and vociferous anti-Jewish verbal incidents in the Diaspora have persuaded Jews throughout the Diaspora – and that of pro-Israeli non-Jews around the world – that antisemitism has definitely mushroomed in recent years.
On the eve of International Holocaust Remembrance Day (Thursday, January 27), the Hebrew University of Jerusalem (HUJI)’s European Forum conducted a survey of Israelis’ perceptions of the rate of antisemitism in Europe and whether they view antisemitism as the motivating force behind European Union policies and criticism of Israel.
“When the Aron was to set out, Moshe would say: Advance, Hashem! May Your enemies be scattered, and may Your foes flee before You! Numbers 10:35 (The Israel BibleTM)
The survey was conducted in face-to-face interviews in the respondents’ homes last October and included 1,006 men and women – both Jews and Arabs – aged 18 and older, in a random, representative sample of the Israeli adult population. The fieldwork was done by the PORI Institute and partly funded by the Hanns-Seidel-Foundation in Jerusalem.
Read More @ Israel 365 HERE
Assessment: “The Federal Government has failed to adequately provide the United States with adequate outpatient treatment options for COVID-19. Now, they are scrambling to cover up a failure to deliver on a promise to ‘shut down the virus …
Governor Ron DeSantis is demanding the Biden Administration reverse its sudden decision to revoke emergency use authorization (EUA) for monoclonal antibody treatments.
In a statement from the Florida Governor’s office, he rages that this abrupt and unilateral action by the Biden Administration will prevent access to lifesaving treatments for Floridians and Americans.
“Without a shred of clinical data to support this action, Biden has forced trained medical professionals to choose between treating their patients or breaking the law,” said Governor Ron DeSantis.
“This indefensible edict takes treatment out of the hands of medical professionals and will cost some Americans their lives. There are real-world implications to Biden’s medical authoritarianism – Americans’ access to treatments is now subject to the whims of a failing president.”
“There is a way that seems right to a man,
But its end is the way of death.” Proverbs 14:12
“Rather than giving Americans the option for various COVID treatments, the FDA and the Biden Administration issued their royal decree, taking away the very thing that is proven to reduce hospitalizations and save lives,” said Lieutenant Governor Jeanette Nuñez.
“Monoclonal antibody treatments like Regeneron have had a positive impact for thousands of Floridians. For the CDC and FDA, which have been consistently inconsistent throughout the entire pandemic, to restrict treatment does nothing but put individuals at risk.”
“In our field of medicine, when someone comes to you seeking a treatment that could save their life, it is essential to have treatment options to ensure health care providers can make the best decisions for their patients,” said Surgeon General Dr. Joseph Ladapo.
Read More @ Zero Hedge HERE
