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A March Rate Hike? Not So Fast …

Written on . Posted in PT Global Economy.

Assessment: The Federal Reserve was hawkish on raising interest rates year end 2018 but capitulated in 2019 and kept the printing press humming. Will a falling market and slower GDP growth cause another capitulation in 2022? …

One look at the market reaction, and especially rate market’s reaction – which now sees 80% odds of a March rate hike…

… to the Fed’s rather hawkish minutes, and one would be left with the impression that a hike as soon as March is inevitable which is why rates have spiked, and stocks are tumbling.

But is that really likely, especially with inflation set to anniversary its base effect surge some time in March, and with Omicron now spreading at the fastest pace on record?

The answer, at least according to some, is a resounding no.

As strategists from TD write, the surge in Covid infections is expected to dent economic growth in Q1, making it less likely for Federal Reserve to start raising rates in March. According to TD’s Priya Misra, the near certainty of the first rate hike in March is “very aggressive especially given the recent rise in COVID cases.”

Furthermore, “the spike in infections should have a modest negative impact on the economy, and signs of slowing Q1 growth could be enough for the market to push out the start of the hiking cycle. This should help pull 2y yields lower in the near-term.”

Read More @ Zero Hedge HERE

Stefanik Torches Pelosi on Eve of January 6 Anniversary: Speaker ‘Bears Responsibility’ for Capitol Riot

Written on . Posted in PT World Order.

Assessment: Democrats are determined to try to make Jan. 6 the equivalent of Pearl Harbor Day and 9/11 rolled into one, and take criminal action against political opponents who don’t cooperate with a sham committee investigating it, yet Pelosi feels free to withhold information about her own decisions related to the day …

WASHINGTON, DC - NOVEMBER 19: U.S. Rep. Elise Stefanik (R-NY) questions Ambassador Kurt Volker, former special envoy to Ukraine, and Tim Morrison, a former official at the National Security Council, as they testify before the House Intelligence Committee on Capitol Hill November 19, 2019 in Washington, DC. The committee heard …

Rep. Elise Stefanik (R-NY) asserted on Wednesday that House Speaker Nancy Pelosi (D-CA) shared blame for the riot that occurred on January 6 at the U.S. Capitol.

Stefanik, who serves as House GOP Conference chair, released a statement on the eve of the Capitol breach’s anniversary, thanking law enforcement for their work to control the riotous behavior but condemning Pelosi for ultimately being the one “responsible” for leaving the Capitol prone to attack.

“And you shall know the truth, and the truth shall make you free.” John 1:32 

The New York Republican called it “unacceptable” that despite Pelosi’s nine-person investigatory committee — comprising seven Democrats and two of the most outspoken Never Trump Republicans in Congress, Reps. Liz Cheney (R-WY) and Adam Kinzinger (R-IL) — persisting with its probe into the riot, “one year later the American people still do not have answers as to why the Capitol was left so vulnerable.”

“Rather than focusing on improving the security of the Capitol and adopting all the recommendations from the U.S. Capitol Police, Nancy Pelosi and House Democrats are instead using their illegitimate partisan sham of a committee to shred Constitutional precedent and punish their political opponents,” Stefanik said in reference to the committee targeting former President Donald Trump and dozens of his closest allies with subpoenas.

 

 

 

 

 

 

 

Stefanik led a call with reporters on Monday in which she and three others, Reps. Jim Jordan (R-OH), Jim Banks (R-IN), and Rodney Davis (R-IL), emphasized their stance that Pelosi’s January 6 committee is in fact a “cover-up” for Pelosi’s own transgressions.

Read More @ Breitbart HERE

Did Biden Help Finance Hamas Rocket Attacks on Israel?

Written on . Posted in PT Middle East.

Assessment: Two years ago, Hezbollah leader Hassan Nasrallah boasted that, “Most of the weapons, missiles and facilities that Palestinian resistance groups have in Gaza are supplied by Iran’s Islamic Revolutionary Guard Corps’ Quds Force.” What isn’t smuggled into Gaza, is manufactured locally with Iranian cash …

When the Biden administration colluded with the South Korean government to free up billions in Iranian assets early last year, the move may have had serious consequences in Israel.

Later in 2021, Hamas launched 4,300 rockets at targets across Israel, including Jerusalem and Tel Aviv, hitting a synagogue, and killing 13 people, including 2 children.

Now the Islamic terror group is at it again.

“For violence against your brother Jacob,
Shame shall cover you,
And you shall be cut off forever.” Obadiah 1:10

Hamas boss Ismail Haniyeh recently revealed to Al Jazeera that its terror campaign would not have been possible without the $70 million provided by Iran to fund its war machine.

The Hamas leader described the rocket attacks that took place in the spring of last year as a “rehearsal for the liberation of the Palestinian territories from the occupation”.

That’s code for the destruction of Israel.

As Hamas once again renews its rocket attacks, including two that landed near Tel Aviv, it’s impossible to understand the actions of the terrorist group without looking toward Tehran.

The Muslim Brotherhood’s weapons capabilities are almost entirely dependent on Iran.

Read More @ Front Page Mag HERE

WTI Slides Back Below $78 As Gasoline Demand Plunges

Written on . Posted in PT Global Economy.

Assessment: Cushing crude stocks grew another week, making it now two months of growing inventories at the commercial storage hub. The storage depot is now sitting at the largest volume since July, after the biggest increase since February …

In 2021 the reverse-Robinhood wealth transfer mechanism better known as the Federal Reserve destroyed what little credibility it has by claiming, arrogantly and foolishly, that inflation is transitory for months and month, only to see inflation keep rising in a very non-transitory fashion, until one day Powell bit the bullet and admitted that the Fed – and assorted macrotourist hangers on – had been dead wrong all along and it was now time to “retire” the word “transitory.”

So having learned absolutely nothing from 2021, and eager to continue exposing its career academics in charge of the world’s biggest economy as a bunch of idiots, on Tuesday the New York Fed released a new index meant to evaluate the pressure on global supply chains. The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures, but pressures eased as production resumed , then picked back up during the winter of 2020 as COVID-19 infections jumped.

The good news: the historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation – the same inflation that the Fed claimed all along was “transitory” mind you – may have peaked.

Airline staffing shortages and weather disruptions forced thousands of flight cancellations over the past two weeks appear to have impacted product inventories dramatically, along with the plunge in gasoline demand…

US gasoline demand fell by the most since April 2020…

Read More @ Zero Hedge HERE

Flee Canada While You Still Can! Trudeau Ponders Whether Country Should ‘Tolerate’ the Unvax

Written on . Posted in PT World Order.

Assessment: “Here, we have to make a choice … as a country,” concluded the righteous leader. “Do we tolerate these people? Or do we say, ‘Let’s see …’” Yikes. “Because most people … did the right thing, that is, they got vaccinated,” he went on, before declaring that, “We want to get back to the things we like doing, and these people are not going to block us now” …

If anyone can watch Canadian Prime Minister Justin Trudeau’s late December interview without being horrified, then they are willfully blind to the meaning of his words.

“We will emerge from this pandemic through vaccination,” declared Trudeau en français on Canadian talk show La semaine des 4 Julie. Then he grew passionate as he delivered some harrowing remarks about Canadians who continue to resist taking the controversial COVID-19 vaccine.

“We know people who are still making up their minds, and we will try to convince them,” Trudeau allowed. But, “there are also people who are vehemently opposed to vaccination,” he said, and his demeanor grew markedly grim.

“When the righteous [a]are in authority, the people rejoice;
But when a wicked man rules, the people groan.” Proverbs 29:2

“These are the extremists …” offered the show’s host, helpfully. In classic hive-mind fashion, the Prime Minister finished her thought for her.

“… who do not believe in Science™ …” said the man who takes zero interest in whether the leaky vaccine is even necessary for most people, including those who have already recovered from infection or who simply remain uninfected or asymptomatic after repeated exposure.

“… who are often misogynists …” said the politician who infamously elbowed a female lawmaker out of his way with such force, she recoiled in pain and had to leave the chamber.

Read More @ PJ Media HERE

Abbas and PA: “Colonialist world powers used Jews” to “implement colonialist plots in the region”

Written on . Posted in PT Middle East.

Assessment: King David purchased the threshing floor making Jerusalem the capital of Israel 103 BC … 

  • Mahmoud Abbas: “the colonialist world powers used the Jews in order to execute the great colonialist plan – dismantling the Ottoman Empire and afterwards dismantling the Arab nation”
  • Mahmoud Abbas: Israel’s creation was not “efforts of the Jews themselves, but rather colonialist-theological plans and visions”
  • PA TV: Jewish immigration to Palestine was “a colonialist Zionist plan” … [the Jews] will return to where they came from”
  • PA daily: The US and GB created “the Zionist organization in their laboratories” and established “an entity that they termed ‘Israel’”
  • PA: US and GB created Israel to “implement colonialist plots in the region”
  • Fatah on its anniversary: “We were and still are the obstacle to completing the colonialist project of Palestine”
  • Fatah defines murder of Israelis: “A quality and unprecedented national struggle”

“Then David said to Ornan, Grant me the place of this threshingfloor, that I may build an altar therein unto the LORD: thou shalt grant it me for the full price: that the plague may be stayed from the people.” 1 Chron 21:22

A claim often repeated by the PA is that Jews have no history in the land of Israel and would never have thought to establish a state there. According to this historical revision, the Zionist movement was initiated by the imperialist West as part of its plan to control the Arab world. PA Chairman Mahmoud Abbas repeated this allegation at a three-hour lecture on “the history of the Palestinian cause” that he gave to “writers, intellectuals, academics, and civil society leaders”:

“[PA] President Mahmoud Abbas presented those present with a concise historical survey that dealt intensively with the injustice caused to the Palestinians when the world powers – and foremost among them the US and Britain – agreed to the theft of the homeland and land and to granting them as a gift to the Zionist movement, which is an inseparable part of the international colonialist movement.”

Read More @ Palwatch HERE

colonialist world powers, Zionist

Canada’s Government Tracking All Cell Phones For COVID Policy ‘Guidance’

Written on . Posted in PT World Order.

In January 2021, tech giants such as Microsoft, Oracle, and MITRE Corporation announced their launch of the Vaccination Credential Initiative (VCI) in partnership with healthcare companies.

On their website, the VCI describes itself as an alliance of private and public organizations dedicated to the development of the ‘issuance of verifiable health credentials’ bound to an individual digital identity.

“After that, in my vision at night I looked, and there before me was a fourth beast—terrifying and frightening and very powerful …” Daniel 7:7 

The VCI idea depends upon a common platform from which digital wallets can be created, and on the VCI website they call for “participating organizations to commit to implementing, testing, and refining the SMART Health Cards Framework within their sphere of influence.”

According to VCI, their ‘SMART Health Cards’ are meant to “work across organizational and jurisdictional boundaries.”

SMART health cards as of now include a person’s name, gender, birth date, phone number, and email address, as well as vaccination status. Developers hope, however, that these cards will eventually become all-encompassing universal digital identities that reside within a universal digital wallet.

Josh Mandel, one of the main developers behind VCI’s SMART health cards system, said once that a complete universal digital identity is ‘essential’ to the effort of creating digital vaccination passes.

On their website, the group uses the term ‘digital wallet’ often and notes that SMART Health Cards could soon be used as digital IDs for all activities, including travel and every purchase an individual makes during commercial activity.

According to the ‘about’ section on their website, the group’s members section includes corporations like Amazon, Microsoft, Google, Apple, and the MITRE Corporation.

Read More @ Technocracy HERE

How Iran Could Trigger The Next 10 Percent Drop In Oil Prices

Written on . Posted in PT Global Economy.

Assessment: Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day …

  • The development of the West Karoun fields are instrumental to the 25-year deal between Iran and China
  • The impact of additional Iran crude flows on global oil prices could be significant against a background of uncertain demand in the coming months

Given ongoing high and steady sales of crude oil to China and other Asian countries and the likelihood of a new iteration of the Joint Comprehensive Plan of Action (JCPOA) being agreed with the U.S. at some point this year, Iran announced plans last week to boost oil production from its supergiant South Azadegan oil field to at least 320,000 barrels per day (bpd) by the middle of 2023, from the current 140,000 bpd.

“After many days you will be called to arms. In future years you will invade a land that has recovered from war, whose people were gathered from many nations to the mountains of Israel, which had long been desolate … Ez. 38:8

 

 

 

 

 

 

 

This output from South Azadegan, and corollary increases in North Azadegan and other major fields that make up the oil-rich cluster of fields in the West Karoun region, will enable Iran to meet its long-standing target of 1 million bpd from this specific region within the next year or two, according to recent comments from the National Iranian Oil Company’s (NIOC) managing director, Mohsen Khojastehmehr.

To this end, OilPrice.com understands from sources close to Iran’s Petroleum Ministry, Javad Owji – the country’s new Petroleum Minister, met recently with senior representatives from China National Petroleum Corporation (CNPC) to discuss the development status of the West Karoun fields in general and of the South and North Azadegan fields in particular.

Read More @ Oil Price HERE

US-Israel gaps on Iran remain very large, Israeli observers warn

Written on . Posted in PT Middle East.

Assessment: But America’s struggle to supply early deliveries of defense procurements to Israel has nothing to do with divisions over Iran, former national security advisors tell JNS …

The gaps between Israel and the U.S. over how to deal with Iran’s nuclear program remain very large, Israeli observers have said. Yet the struggle by Washington to meet Israeli requests to bring forward deliveries of defense procurements has nothing to do with divisions over Iran, a former defense official added.

“I will turn you around, put hooks into your jaws, and lead you out, with all your army, horses, and horsemen, all splendidly clothed, a great company with bucklers and shields, all of them handling swords” Ez 38:4 NIV

Brig. Gen. (res.) Prof. Jacob Nagel, who was acting National Security Advisor to former Prime Minister Benjamin Netanyahu, and former head of Israel’s National Security Council, told JNS, “To the best of my understanding, Israel and the U.S. are holding an open dialogue on many issues, including the Iranian issue. The dialogue is seeing many messages exchanged, and the gaps between the sides are open and on the table. Not everything can be agreed upon, and in the case of the Iranian issue, the gaps are very large.”

Nagel, a senior fellow at the Foundation for Defense of Democracies, and a visiting professor at the Technion – Israel Institute of Technology Aerospace Faculty, stated, “Israel has made its position clear and is safeguarding its freedom of action in all arenas, both during negotiations and afterwards, whether there will be a full or partial agreement.

Israel has made it clear that the worst of all options is the intermediate agreement, involving ‘freeze [of sanctions] for freeze [of nuclear progress by Iran] situation,’ which would give the Iranians everything, and which would whitewash the regime’s past sins. It would leave Iran with all of the profits from transgressions.

This would give the Iranian regime billions of dollars for rebuilding its economy and continuing support for terrorism.”

Read More @ JNS HERE