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One Bank Reveals The Dismal Truth About The $150 Trillion Crusade Against Climate Change

Written on . Posted in PT Global Economy.

Assessment: whatever one wants to call it, it’s all about greenlighting the biggest QE episode in history …

Last week, Bank of America sparked a firestorm of reaction amid both the pro and contra climate change camps, when it published one of its massive “Thematic Research” tomes, this time covering the “Transwarming” World (available to all ZH pro subs), and which serves as a key primer to today’s Net Zero reality, if for no other reason than for being one of the first banks to quantify the cost of the biggest economic, ecologic and social overhaul in modern history.

“ And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev. 6:6

The bottom line: no less than a stunning $150 trillion in new capital investment would be required to reach a “net zero” world over 30 years – equating to some $5 trillion in annual investments – and amounting to twice current global GDP.

Needless to say, the private sector has nowhere near the capital required to complete this investment which is why Bank of America generously estimate that all or parts of the bill would have to be footed by central banks in the form of tens of trillions in QE.

And since QE is essentially debt monetization, and since $150 trillion in new debt would have devastating consequences on the economy, BofA was kind enough to share its calculation of just how inflationary this billionaire pet project would be: the “full monetization” scenario, where central banks inject $5 trillion in liquidity every year via QE for 30 years, would result in incremental 3% of inflation for a good decade.

This is inflation over and above whatever is already coming down the pipeline.

Which is where we get to the punchline, because as BofA admits, the crusade against climate change, the ESG doctrine, the “Net Zero” world, whatever one wants to call it, it’s all about greenlighting the biggest QE episode in history, one wrapped in the “noble” veneer of fighting for the most important cause in the history of civilization, but in reality it’s just the biggest wealth transfer scheme in history Read More

Public Security Minister: No Jewish Prayer on the Temple Mount

Written on . Posted in PT Middle East.

Arabs pray on the Temple Mount

Israeli Public Security Minister Omer Bar Lev declared Sunday after a meeting with top security officials that the Temple Mount in Jerusalem — site of the two fallen Holy Temples and one of the most sacred sites in Judaism — will remain open for visits by non-Muslims, “but not for prayer.”

The site, known in Arabic as ‘Haram es-Sharif’ (the Noble Sanctuary), is the third holiest site in Islam.

“Now it shall come to pass in the latter days That the mountain of the Lord’s house
Shall be established on the top of the mountains, And shall be exalted above the hills;
And peoples shall flow to it.” Micah 4:1

Israeli Public Security Minister Omer Bar Lev declared Sunday after a meeting with top security officials that the Temple Mount in Jerusalem — site of the two fallen Holy Temples and one of the most sacred sites in Judaism — will remain open for visits by non-Muslims, “but not for prayer.”

The site, known in Arabic as ‘Haram es-Sharif’ (the Noble Sanctuary), is the third holiest site in Islam. Read More

Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking

Written on . Posted in PT Global Economy.

Assessment: Disclosure documents reveal that the spectacle of Fed officials personally trading stocks extended to the chair himself …

Federal Reserve Chairman Jerome Powell sold between $1 million and $5 million worth of stock from his personal account on October 1, 2020, according to disclosure forms reviewed by the Prospect. Powell’s sale of shares from a Vanguard Total Stock Market Index Fund has not been previously reported. This sale occurred right before the Dow Jones Industrial Average suffered a significant drop.

“and do not harm the oil and the wine.’ Rev. 6:6

A Fed media relations spokesperson was not available for comment. We will report on any Fed statement on Powell’s trades.

Three other senior Fed officials have faced serious criticism for making stock trades during the pandemic. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren were compelled to take early retirements as a result of the disclosure of their trades. Fed Vice Chair Richard Clarida also came under fire for stock trading. The other trades are now the subject of investigations by the Fed’s own inspector general and the SEC.

There is no American with more insider knowledge about government policy that drives financial market movements than the chair of the Federal Reserve. And as COVID caseloads, hospitalizations, and deaths spiked last fall, the economy was in a precarious condition. October turned out to be the stock market’s worst month since March 2020, when the pandemic began.

The Dow would lose 1,600 points in October, or 6 percent of its value. Read More @ American Prospect HERE

The Fed’s Legalized Counterfeiting Is Spiking Prices, Impoverishing You, and Enriching a Few

Written on . Posted in Bible prophecy, End of the age, Federal Reserve, GEO POLITICS, GLOBAL ECONOMY, One World Government, President Barack Obama, QE, US Economy.

As for quantitative easing (QE), it actually means creating money backed by nothing; it’s legalized counterfeiting ...

Armageddon, counterfeit, Geithner, hyperinflation, money printing, Weimar Republic, WWII

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Joe Biden selects abortion-supporting, pro-LGBT Democrat as Vatican ambassador

Written on . Posted in PT World Order.

Assessment: Homosexual activist group Human Rights Campaign rates Donnelly as siding with them between 80 and 85 percent of the time during his first four years in the Senate …

President Joe Biden has selected a former Democratic U.S. senator with a record of supporting abortion, homosexual behavior, and the LGBT agenda, to be his ambassador to the Vatican.

Featured Image

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

The White House confirmed plans Friday to nominate former Sen. Joe Donnelly, an Indiana Democrat, to the Vatican ambassador position, according to Business Insider. Donnelly said he is looking forward to working with the Vatican on a number of issues regularly highlighted by liberal Catholics.

President Joe Biden has selected a former Democratic U.S. senator with a record of supporting abortion, homosexual behavior, and the LGBT agenda, to be his ambassador to the Vatican.

The White House confirmed plans Friday to nominate former Sen. Joe Donnelly, an Indiana Democrat, to the Vatican ambassador position, according to Business Insider. Donnelly said he is looking forward to working with the Vatican on a number of issues regularly highlighted by liberal Catholics.

 

 

 

Read More @ LifeSite HERE

Lapid Misled Bennett and Blinken on US ‘Palestinian Consulate’

Written on . Posted in PT Middle East.

Assessment: The purpose of opening the consulate is to recognize Palestinian claims on Jerusalem. If there is no legitimate claim on the city, there’s no reason to have a consulate there …

The tension between Israel and the United States over the Jerusalem consulate that would cater to the needs of Palestinian Authority residents stems from a lack of coordination between Prime Minister Naftali Bennett and Foreign Minister Yair Lapid, according to a Sunday report in Israel Hayom citing a political source involved in the relationship between the government and the administration in Washington (גורם מדיני ל”ישראל היום”: לפיד פעל בחוסר תיאום עם בנט והטעה את האמריקנים).

According to the source, Foreign Minister Lapid gave his American counterpart, Secretary of State Antony Blinken, an early commitment that it would be possible to carry out the move.

“But I have chosen Jerusalem, that my name might be there; and have chosen David to be over my people Israel.” 22 Chron. 6:6

In a phone conversation with Blinken several months ago, Lapid noted that due to the sensitive political structure of the government, it would be better to open the controversial consulate only after the state budget is passed in the Knesset, at which point the stability of the government would be proven. Blinken accepted Lapid’s position and agreed to wait until the Knesset approved the budget.

However, about a month after the formation of the government, contacts began between Prime Minister Naftali Bennett’s advisers and the administration on the same issue, the PM’s envoys to Washington made it clear that Bennett opposes the opening of the consulate even after the budget is approved.

The American administration was taken aback, and according to IH’s political source, the reason Antony Blinken announced last week, with Lapid standing at his side, that he does intend to open the consulate—knowing Israel is opposed to the move—was the Secretary’s way of getting back at Lapid for misleading him. Read More @ Jewish Press HERE

China Gloats: New Hypersonic Missile a Blow to US ‘Strategic Superiority’

Written on . Posted in PT World Order.

Assessment: That US intel has no idea how China did this, is more freighting than the missile …

China is putting the US on blast following a report that it launched a hypersonic missile into orbit — ridiculing America’s sense of “strategic superiority.”

The recent launch of the nuclear-capable hypersonic glide vehicle into low-orbit, first reported in the Financial Times on Saturday, caught the US intelligence community by surprise.

“Then the sixth angel poured out his bowl on the great river Euphrates, and its water was dried up, so that the way of the kings from the east might be prepared.” Rev. 16:12

“We have no idea how they did this,” a person familiar with the test told the publication.

In an editorial Sunday in the Global Times, the Chinese Communist Party’s mouthpiece, China wouldn’t confirm the Financial Times report, but noted that “the US generally has the ability to monitor global missile launches.”

“If the FT report is to be believed, it means that there is a key new member in China’s nuclear deterrence system, which is a new blow to the US’ mentality of strategic superiority over China,” the piece added. Read More @ NY Post HERE

Green Policies Return The World To Coal

Written on . Posted in PT Global Economy.

Assessment: There’s scarcely a place in the modern world that will not be feeling the high cost and discomfort of a shortage of energy supplies and their increasingly soaring prices. 

Lebanon already is. Due to a shortage of oil, the two power plants that supply 40% of that country’s electricity shut down. There is no electricity in Lebanon and will not be any for some days.

It’s an extreme case, but even the United Kingdom, the EU, the U.S., and China are running up against diminishing ability to obtain the necessary energy supplies to keep things running smoothly.

“Behold, I have created the smith that bloweth the coals in the fire, and that bringeth forth an instrument for his work; and I have created the waster to destroy.” Isaiah 54:16 KJV

Some of the shortages are due to accidents, like the cutting of an undersea cable to the UK, but most are due to green policies and stupid political choices, ironically shutting down oil and gas-fired power plants and fossil fuel exploitation and transport at the demand of the greens, who grossly overestimate both global warming and the ability of air, sun and water to take their place.

Ironically, this means coal — the dirtiest possible fuel — is back in huge demand

Despite an import ban on Australian coal, China relented and has begun unloading Australian coal because of an extreme power crunch. Coal is now in demand in Europe as gas prices soar and the EU’s energy policies are in large responsible Read More @ Zero Hedge HERE

Lawmaker Calls To Correct Israel’s Biblical Mistake: Failing To Drive Out Arabs As Commanded In Numbers 33

Written on . Posted in PT Middle East.

“You shall dispossess all the inhabitants of the land; you shall destroy all their figured objects; you shall destroy all their molten images, and you shall demolish all their cult places. Numbers 33:52 (The Israel BibleTM)

MK Bezalel Smotrich, the leader of the right-wing Religious Zionist Party, raised hackles when he spoke from the Knesset podium last Wednesday. Smotrich spoke in defense of a bill that would revise the current immigration laws in order to maintain a Jewish majority in Israel.

BEN GURION SHOULD HAVE GOTTEN RID OF THE ARABS

“Yes, Jewish, with a Jewish majority,” he said. “With security for the citizens of the State of Israel.”

After being heckled by the Arab MKs in attendance, Smotrioch responded to the Arab MKs, calling them “enemies”.

“I’m not talking to you — anti-Zionists, terror supporters, enemies. You’re here by accident because [Israel’s first prime minister David] Ben-Gurion didn’t finish the job,” he said.