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Higher interest rates upset stock market as hot inflation tests the Fed

Written on . Posted in PT Global Economy.

U.S. stocks resumed their sell-off on Monday as government bond yields continued to trek upward, a hint that many traders are growing more certain that the Federal Reserve will move in the next few months to raise interest rates.

Traders say the pressure on U.S. stocks isn’t thanks to material concerns about the economy or fears of a massive Covid-19 resurgence, but portfolio repositioning for a world with higher borrowing costs.

“So I looked, and behold, a black horse, and he who sat on it had a pair of scales[a] in his hand” Rev 5:5

As the nation’s central bank, the Fed is tasked by Congress to maximize employment and keep prices stable. The Fed adjusts short-term interest rates and other liquidity tools to keep inflation around 2% and cut unemployment as much as possible.

When the Fed determines that the economy is close to full employment – and especially if inflation is hot – it hikes interest rates to make it tougher for firms to borrow and to keep a lid on spending that fuels price increases.

Read More @ CNBC HERE

Real Wages Plummet As Inflation Hits The US Recovery

Written on . Posted in PT Global Economy.

Assessment: The United States will not have a strong job market unless it recovers the trend of rising real wages and increasing labor participation rate that existed in 2018-2019. Everything else is just a poor and unproductive bounce …

The United States December jobs report shows that the labor market remains weak.

The headline 3.9% unemployment rate looks positive, but job creation fell significantly below consensus, at 199,000 in December versus a consensus estimate of 450,000.

“And he who earns wages,
Earns wages to put into a bag with holes …” Haggai 1:6

The weak jobs figure should be viewed in the context of the largest stimulus plan in recent history. With massive monetary and fiscal support and a government deficit of $2.77 trillion, the second highest on record, job creation falls significantly short of previous recoveries and the employment situation is significantly worse than it was in 2019.

The most alarming datapoint is that real wages are plummeting. Average hourly earnings have risen 4.7% in 2021, but inflation is 6.8%, sending real wages to negative territory and the worst reading since 2011.

Read More @ Zero Hedge HERE

Another Blue State Announces Plans For ‘Strike Force’ To ‘Involuntarily Detain’ Unvaccinated

Written on . Posted in PT World Order.

Assessment: Now the state website says “Isolation and Quarantine Camp Consultant” duties include “Maintaining the readiness of the facility and equipment which includes ensuring contractors have cleaned the facility adequately …

The state of Washington may amend a law to allow the forcible detainment of residents into COVID “internment camps” for defying state vaccine mandates.

“There is a way that seems right to a man, But its end is the way of death” Proverbs 14:12

Another Blue State Announces Plans For 'Strike Force' To 'Involuntarily Detain' Unvaccinated – NewsWars

The proposed revision to the COVID protocol under the Communicable and Certain Other Diseases Act, called WAC 246-100-040, outlines “procedures for isolation or quarantine.”

This alarming measure comes in tandem with Gov. Jay Inslee’s (D) effort to hire “strike teams” to run quarantine camps, outlined in the state’s governmentjobs.com website, a term that has since been scrubbed from the website sometime after the bulletin was posted in September 2021.

The amendment would grant local health officers at “his other sole discretion” to “issue an emergency detention order causing a person or group of persons to be immediately detained for purposes of isolation or quarantine.”

Additionally, the measure would allow law enforcement to assist public health officials in detaining residents who refused the COVID injection.

WAC-246-100-040 states that “a local health officer may invoke the powers of police officers, sheriffs, constables, and all other officers and employees of any political subdivisions within the jurisdiction of the health department to enforce immediately orders given to effectuate the purposes of this section in accordance with the provisions of RCW 43.20.050(4) and 70.05.120.”

The “emergency detention order” would allow individuals to be detained “for a period not to exceed ten days.”

Read More @ Infowars HERE

Is The Biden ‘Recovery’ Leaving Black America Behind?

Written on . Posted in PT Global Economy.

Assessment: While the end of the COVID lockdowns has spurred significant job gains, black Americans have been left behind in the recovery …

Despite a disappointing December jobs report, Joe Biden rushed to pat himself on the back because, while the nation didn’t add nearly as many jobs as expected, the unemployment rate went down.

“A ruler who lacks understanding is a great oppressor,
But he who hates covetousness will prolong his days.” Proverbs 28:16

“According to the Bureau of Labor Statistics, Black unemployment rose from 6.5% to 7.1% while that of other groups (Hispanic, White, Asian) fell,” reports Fox Business. “Overall, the U.S.’s unemployment rate fell to 3.9% from 4.2% with what’s being described as a ‘disappointing’ added jobs figure of 199,000.”

While most demographics have seen consistent drops in unemployment with the easing of COVID restrictions, black unemployment has not. “Starting with the highest rate of unemployment across all groups with 9.8% in February 2021, Black unemployment saw drops and rises several times – most notably a dip in July that saw the rate drop 1% to 8.2% before rising to 8.7% in August while other groups all saw a drop again.”

Black Americans similarly struggled to regain employment under Obama. The Trump economy, however, saw significant gains for everyone.

Read More @ PJ Media  HERE

NASCAR goes gay: Every American sport league is now actively, unashamedly pro-LGBT

Written on . Posted in PT World Order.

Assessment: With NASCAR’s move, virtually every American sport league is now actively, unashamedly pro-LGBT, committed to promoting sodomy as good, and essentially tossing the complementarity of man and woman into the dumpster of history …

This is the fifth in an ongoing series on the problematic rise of LGBT influence in what are normally considered conservative and GOP circles. The first four commentaries can be found here, here, here, and here. 

(LifeSiteNews) – NASCAR, the nation’s premiere stock car competition organization featuring the biggest names in auto racing, announced Wednesday that it has partnered with an LGBTQ+ organization to “promote diversity, equity, and inclusion training.”

“For this reason God gave them up to vile passions. For even their women exchanged the natural use for what is against nature.” Romans 1:28

“NASCAR is excited to partner with the Carolinas LGBT+ Chamber of Commerce,” said Brandon Thompson, NASCAR’s vice president of diversity and inclusion. “With NASCAR offices and much of our industry based in the Carolinas, we look forward to working with CLGBTCC in support of its mission to foster equity, inclusion and economic prosperity for the LGBTQ community.”

“We know that fans of NASCAR look different, they love different, they’re differently able,” Thompson told radio station WFAE in December after NASCAR made “a major donation” to the Carolinas LGBT+ Chamber of Commerce. “This gives us an opportunity to let them know that we see them as well as support them.”

The Carolinas LGBT+ Chamber of Commerce is described in NASCAR’s press release as “an organization of gay, lesbian, bisexual, transgender and LGBT+ and allied businesses, corporations and professionals throughout western North Carolina and most of South Carolina. Its mission is to foster equity, inclusion and economic prosperity for the LGBTQ community through strategic policy, professional enrichment, ally partnerships and economic development.”

Read More @ LifeSite News HERE

White House warns Iran to expect ‘severe consequences’ if it targets Americans

Written on . Posted in PT Middle East.

Iran will face severe consequences if it attacks Americans, the White House said on Sunday, a day after the ayatollah regime sanctioned dozens of US citizens over the 2020 drone attack that killed General Qassem Soleimani, then-Iranian Revolutionary Guard Corps Qods Force commander.

White House National Security Adviser Jake Sullivan said Iran’s sanctions on Saturday came as Tehran’s proxy militias continue to attack American troops in the Middle East.

“We will work with our allies and partners to deter and respond to any attacks carried out by Iran,” Sullivan said in a statement. “Should Iran attack any of our nationals, including any of the 52 people named yesterday, it will face severe consequences.”

“On the mountains of Israel you will fall, you and all your troops and the nations with you. I will give you as food to all kinds of carrion birds and to the wild animals.” Ez. 39:4 NIV

Iran on Saturday imposed sanctions on dozens more Americans, many of them from the US military, over the 2020 killing of Soleimani. Iran’s Foreign Ministry said 51 Americans had been targeted for what it called “terrorism” and human rights violations. The step lets Iranian authorities seize any assets they hold in Iran, but the apparent absence of such assets means it will likely be symbolic.

It was not clear why Sullivan’s statement referred to 52 people when Tehran said it had sanctioned 51. Iran’s sanctions included US General Mark Milley, chairman of the Joint Chiefs of Staff. It also included former White House national security adviser Robert O’Brien.

Soleimani’s role at the helm of the Qods Force meant that he led the overseas arm of the elite Revolutionary Guard, essentially spreading terrorism and other forms of destabilizing activity across the region.  He was killed in Iraq in a drone strike on Jan. 3, 2020, ordered by then-President Donald Trump.

A year ago, Iran imposed sanctions on Trump and several senior US officials.

Read More @ Israel Hayom HERE

Top Iran Commander Vows To Strike “From Within US” To Avenge Soleimani Death

Written on . Posted in PT Middle East.

Assessment: Early this week, on Jan.3rd – which marked two years since Soleimani’s death on Baghdad airport road – Tehran urged Washington to arrest Donald Trump and Mike Pompeo for the assassination …

During a speech on the occasion of Friday prayers in the Iranian city of Mashhad which commemorated this week’s second anniversary of the US killing of IRGC General Qassem Soleimani, the top commander of the Islamic Revolutionary Guard Corps’ elite Quds Force (who was Soleimani’s replacement) vowed to take vengeance “from within the US”.

“You will advance against my people Israel like a cloud that covers the land. In days to come, Gog, I will bring you against my land, so that the nations may know me when I am proved holy through you before their eyes.” Ezekiel 38:16

Iranian state and other foreign regional media featured Brigadier General Esmaeil Qaani’s ultra-provocative words, translating them as follows: “We will prepare ground for the hard revenge against the US from within their homes, as we do not need to be present as supervisors everywhere.”

He added that “wherever is necessary we take revenge against Americans by the help of people on their side and within their own homes without our presence,” Commander Qaani said.

The fiery speech is being widely interpreted as a threat to strike directly at the American homeland via proxies or terror cells. It’s perhaps the most high-level direct threat of attack on US soil since the height of the Osama bin Laden days during the early years of the so-called ‘war on terror’.

Further, at a moment that US bases in both Iraq and northeast Syria are coming under increased drone and rocket attack, something particularly intense this week from what the Pentagon has dubbed “Iran-backed militias”, the Quds force chief told the Iranian crowds gathered for the speech that operations to “uproot” the Americans had already begun…

“This revenge has begun. Americans will be uprooted from the region,” the IRGC Quds Force Commander said.

Read More @ Zero Hedge HERE

Biden Frees Record Number of Illegal Aliens into U.S. via ‘Catch and Release’

Written on . Posted in PT World Order.

Assessment: While nearly two million border crossers arrived at the southern border last year, Biden has released more than 530,000 into the U.S. interior, according to the latest estimates …

President Joe Biden has released a record number of border crossers and illegal aliens into the United States interior via a little-known federal program used as part of a larger “Catch and Release” policy.

As of late December 2021, Biden has placed about 150,755 border crossers into the government’s Alternatives to Detention (ATD) program, wherein border crossers are apprehended and quickly released into the U.S. interior with minimal tracking.

“Like a roaring lion and a rushing bear
Is a wicked ruler over a poor people.” Proverbs 28:15 ESV

In some circumstances, ATD simply places ankle monitors on border crossers before releasing them into the U.S. interior. Border crossers often tear the ankle monitors off. In other circumstances, ATD asks border crossers to report to the government via telephone or be monitored by a smartphone application.

An official with the Transactional Records Access Clearinghouse (TRAC) at Syracuse University, which compiles the data, told Border Report that this is the highest number of border crossers placed into the ATD program since its inception in 2004.

Read More @ Breitbart HERE

Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone

Written on . Posted in PT Global Economy.

Assessment: While this unprecedented rush to buy everything on credit ahead of and during the Thanksgiving holiday should not come as much of a surprise, after all we have repeatedly shown that for the middle class any “excess savings” are now gone, long gone…

While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner and confirmed what we have been saying for month: any excess savings accumulated by the US middle class are long gone, and in their place Americans have unleashed a credit-card fueled spending spree.

Here are the shocking numbers: in November, consumer credit exploded by a whopping $40 billion, double the expected $20 billion print, more than double the $16 billion October number, and the highest on record!

“For the LORD your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.” Deut. 15:6 

And while non-revolving credit (student and car loans) jumped by a solid, if not necessarily remarkable $20 billion, this was only the 7th biggest increase for the series in record…

… the real stunner was revolving, or credit card debt, which more than tripled in November, soaring to $19.8 billion from $6.6 billion in October, by far the highest such print on record.

Read More @ Zero Hedge HERE