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Prices Climb At Fastest Pace Since 1982… But It Could Have Been Worse

Written on . Posted in PT Global Economy.

Assessment: It may have been the death knell for team transitory, with Chair Powell taking pains to retire the term in his recent testimony before Congress …

Having surged faster than expected in 7 of the last 8 months, all eyes are on this morning’s Consumer Price Index as this is the last big release ahead of next Wednesday’s Federal Reserve decision, where Deutsche Bank economists (among many others) are expecting they’ll double the pace of tapering.

Chair Powell himself reinforced those expectations in recent testimony, stopping just shy of unilaterally announcing the faster taper. Crucially, he noted this CPI print and the evolution of the virus were potential roadblocks to a faster taper next week.

“And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine” Rev. 6:6

And sure enough, CPI printed +6.8% YoY – right as expected and the fastest rate of increase since 1982…

Core CPI – stripping out everything you spend money on every day – rose at 4.9% YoY – its highest level since 1991…

In another blow for team transitory, the drivers of inflation were increasingly broad-based, rather than just in a few categories affected by the pandemic. Both Goods and Services costs rose, as did Food and Energy prices…

Read More @ Zero Hedge HERE

Trump: ‘If it weren’t for me, Israel would’ve been destroyed by now’

Written on . Posted in PT Middle East.

Assessment: Sadly, former President Trump learned nothing from the cadre of pastors and worship leaders that surrounded him for photo-ops… 

Israeli journalist Barak Ravid has publicized excerpts from his new book, “Trump’s peace: The Abraham Accords and the Reshaping of the Middle East,” which will be published in Israel on Sunday.

The book contains two interviews with Former US President Trump, from April and July of this year, which touch on a myriad of issues from during Trump’s presidency.

“… Behold, He who keeps Israel Shall neither slumber nor sleep. The Lord is your keeper .” Psalm 121:4-5

In one of the interviews, Trump told Ravid, “I told David Friedman (former US ambassador to Israel), ‘Give me a five-minute lecture on the Golan Heights. Why is it important?’ I stopped him after one minute. It’s up high strategically so important, right? I got that for them… it was a big deal. People say that was a $10 billion gift.”

“I did it right before the election, which helped him (former Israeli Prime Minister Benjamin Netanyahu) a lot… he would have lost the election if it wasn’t for me. So he tied. He went up a lot after I did it. He went up 10 points or 15 points after I did Golan Heights,” Trump said.

Read More @ Arutz Sheva HERE

UN HEADQUARTERS: STATUE OF LION WITH WINGS AS DESCRIBED IN DANIEL’S DREAM ERECTED

Written on . Posted in PT World Order.

Assessment: The lion with eagles wings speaks of swiftness. Interestingly the lion and eagle were both symbols of Babylon, the city set for destruction in Revelation 18:1-3 …

A statue with Biblical implications has been erected recently outside the United Nations headquarters in New York City. The statue, entitled the ‘guardian for international peace and security, is situated on the Visitor’s Plaza outside UN Headquarters. According to the UN, the ‘guardian’ is a “fusion of jaguar and eagle.” It was donated by the Government of Oaxaca, Mexico.

Many have noticed an eerie similarity to Daniel’s dream in the Bible:

The first was like a lion but had eagles’ wings. (Daniel 7:4)

His dream featured four beasts – a lion with wings, a bear with fangs, a four-winged leapord. The fourth beast had ten horns.

“The first was like a lion but had eagles’ wings. As I looked on, its wings were plucked off, and it was lifted off the ground and set on its feet like a man and given the mind of a man. Then I saw a second, different beast, which was like a bear but raised on one side, and with three fangs in its mouth among its teeth; it was told, ‘Arise, eat much meat!’ After that, as I looked on, there was another one, like a leopard, and it had on its back four wings like those of a bird; the beast had four heads, and dominion was given to it. After that, as I looked on in the night vision, there was a fourth beast—fearsome, dreadful, and very powerful, with great iron teeth—that devoured and crushed, and stamped the remains with its feet. It was different from all the other beasts which had gone before it; and it had ten horns.” (Daniel 7:4-7)

The beast represent all of the kingdoms that subjugated the nation of Israel. The lion with wings represents Babylon. The bear represented Persia. The four-winged leopard represented Greece and the final most treacherous of them all represented Rome.

The verse is a reference to the final redemption whereby the Messiah arises from the demise of the enemies of Israel, represented by the beasts, to reign supreme:

“As I looked on, in the night vision, One like a human being Came with the clouds of heaven; He reached the Ancient of Days And was presented to Him. Dominion, glory, and kingship were given to him; All peoples and nations of every language must serve him. His dominion is an everlasting dominion that shall not pass away, And his kingship, one that shall not be destroyed.” (Daniel 7:13-14)

Having a statue representing Biblical Persia in the UN headquarters can be an ominous sign as the world powers have recently re-engaged with Iran, modern-day Persia, to negotiate a potential solution to their apocalyptic nuclear ambitions.

Read More @ Israel 365 news HERE

Germany’s new ‘traffic light’ government signals worry for German Jews

Written on . Posted in PT World Order.

Olaf Scholz is  serving as Chancellor of Germany since December 8, 2021

Assessment: In the west, Persia is historically the common name for Iran. How interesting that Iran means land of the Aryans in Persian …

“We now have a culture minister who is a close friend of the Iranians and who has bowed her head wearing a headscarf in front of the mullah regime, in addition to being a supporter of the boycotters of Israel,” said Sacha Stawski, head of the pro-Israel watchdog group Honestly Concerned …

“ Persia, Cush and Put will be with them, all with shields and helmets” Ezekiel 38:5 NIV

Germany’s “traffic light” government, led by new Chancellor Olaf Scholz of the Social Democratic Party (SDP), was sworn in on Wednesday under the banner “dare to make progress.” Jewish leaders, activists and analysts, however, fear that the coalition will make less progress in strengthening Israel-German ties.

The 177-page coalition agreement of the “traffic light” government, named after the colors of the three coalition partners—the red Social Democrats, the Green Party and the yellow Free Democratic Party (FDP)—focuses on promoting climate protection and financial restructuring. It also includes sections on policies relating to Jews and Israel that some say are inconsistent with its oft-repeated proclamations to support Israel and fight anti-Semitism.

These include an insistence on negotiating with Iran in its quest for nuclear armament, disdain of Israeli settlements and approval of funding of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA).

Read More @ JNS HERE

Iran nuclear talks resume in Vienna, end within an hour

Written on . Posted in PT Middle East.

Assessment: The talks had broken off last Friday, with European officials saying that Iran’s demands were unrealistic and expressing concerns that Iran was stalling while advancing its nuclear program …

Talks to salvage the 2015 Iran nuclear deal formally resumed on Thursday, with a meeting of the remaining parties to the deal, which does not include the United States, Russia’s top envoy to the talks said on Twitter. The meeting ended within an hour.

“The meeting of the Joint Commission is over. It was rather short and constructive,” Mikhail Ulyanov tweeted. “The participants observed a number of important commonalities in their positions, including with regard to the need to finalize the #ViennaTalks on restoration of #JCPOA successfully and swiftly.”

“This is what the Sovereign Lord says: On that day thoughts will come into your mind and you will devise an evil scheme. You will say, “I will invade a land of unwalled villages; I will attack a peaceful and unsuspecting people—all of them living without walls and without gates and bars” Ez. 38:10-11

The Islamic Republic News Agency (IRNA) reported that the parties decided during the meeting to continue discussions on the documents proposed by Iran at various levels. The report stated that Iran’s chief nuclear negotiator Ali Bagheri Kani explained the basics of Iran’s proposals and emphasized Iran’s “seriousness and goodwill in the talks.”

“Iran will continue to engage seriously & is determined to reach a good deal that secures our nation’s rights & interests,” wrote Kani in a tweet earlier on Thursday.

The talks had broken off last Friday, with European officials saying that Iran’s demands were unrealistic and expressing concerns that Iran was stalling while advancing its nuclear program.

On Monday, Saeed Khatibzadeh, a spokesman for Iran’s Foreign Ministry, stressed that Iran was only negotiating the lifting of sanctions and was not considering a temporary or interim agreement. He added that Iran is “not in a hurry” and would not allow anyone to “play” with their time and energy in Vienna.

Read More @ JPost HERE

Kansas City Chabad house vandalized during Hanukkah

Written on . Posted in PT World Order.

Assessment: The Chabad house is raising money for repairs, and a search is underway for a temporary building for the community center while plumbing and electrical work takes place …

A Jewish community center in Kansas City, Missouri was vandalized during Hanukkah, with the vandals trashing books and papers, destroying electrical wiring and leaving extensive water damage.

“There is nothing more disturbing than walking into the Chabad house for an early morning Torah class and finding the place torn up,” Rabbi Yitzchak Itkin posted to Facebook. “That was my reality this week.”

“The Chabad house is raising money for repairs, and a search is underway for a temporary building for the community center while plumbing and electrical work takes place.

“Now go and attack Amalek, and utterly destroy all that they have, and do not spare them. But kill both man and woman, infant and nursing child, ox and sheep, camel and donkey” 1 Sam. 15:3

The vandals caused thousands of dollars worth of damage, including throwing around books and paper, destroying electric wiring and leaving water damage, the Associated Press reported

In some rooms, cabinet doors were ripped off their hinges, and there were areas full of standing water, according to a report from KSHB news.

Kansas City Police were called to the scene after receiving reports of broken glass and a black SUV parked outside the building. Later in the day, officers spotted what they believed was the same SUV but it drove away when they attempted to stop it.

Rabbi Itkin said that the Torah and other religious texts did not sustain damage.

Read More @ Arutz Sheva HERE

Biden Succeeds In Pressuring Israel To Stop Building In Judea; ‘Environmental’ Concerns Cited As Excuse

Written on . Posted in PT Middle East.

Assessment: The building committee decided to put the brakes on the project due to US/UN pressure for a two state solution …

The Jerusalem district planning and building committee delayed a settlement project in Atarot, an area of eastern Jerusalem.

The planned settlement was given preliminary approval last month. It would contain about 9,000 homes and be located within Jerusalem’s municipal boundaries, reported Reuters.

The building committee decided to put the brakes on the project on Monday, saying that an environmental study is needed.

Every spot on which your foot treads I give to you, as I promised Moshe. Joshua 1:3 (The Israel BibleTM)

According to the report, the Palestinian foreign ministry called the plan a bid to finalize “the separation of Jerusalem from our outlying Palestinian area.”

On Sunday, Israeli Prime Minister Naftali Bennett spoke with U.S. Secretary of State Antony Blinken about the project.

Read More @ Israel 365 HERE

Powell’s fourth major shift raises questions about the Fed’s policy credibility

Written on . Posted in PT Global Economy.

Assessment: This would be at least the fourth such shift for an institution that prides itself on forecasts and communication, providing what it hopes to be a reliable road map for market participants and the public …

If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken to boost the economy, it will mark an important policy shift for the U.S. central bank and Chairman Jerome Powell.

Again.

The Powell Fed, in fact, has become almost as known for its abrupt changes in direction as it has for the unprecedented levels of stimulus it has provided during the pandemic.

“What the Fed has proven is the difficulty in forecasting by both committee and consensus,” said Joseph LaVorgna, chief economist for the Americas at Natixis and former head of the National Economic Council under former President Donald Trump. “In market parlance, the Fed has bought the high and sold the low. So I do think there will be a credibility issue going forward.”

“You have planted much, but harvested little. You eat, but never have enough. You drink, but never have your fill. You put on clothes, but are not warm. You earn wages, only to put them in a purse with holes in it.” Haggai 1:6

At its two-day meeting next week, the Fed is expected to say it will double the pace of its bond purchase taper, while also likely hinting at more aggressive interest rate hikes coming in 2022. The moves are coming in response to inflation that is stronger and longer-lasting than Fed officials had anticipated.

But LaVorgna worries that the Fed, after months of calling inflation “transitory,” is now making the mistake of overestimating its duration and tightening at the wrong time. That could necessitate officials again having to change back next year, if the current inflation trend runs out of steam.

Will Iran Emerge the Winner in Vienna Nuclear Talks?

Written on . Posted in PT Middle East.

Assessment: Jerusalem readies itself for western surrender when talks begin again on Thursday Dec. 9 …

On Monday, November 29, 2021 the five powers (Britain, China, France, Germany, Russia) and Iran assembled in Vienna, Austria to resume talks on returning to the Joint Comprehensive Plan of Action (JCPOA) after a five-month gap. Iran broke those talks in June, 2021. In Vienna, President Joe Biden’s special envoy for Iran, Robert Malley, will not be sitting with the six negotiating delegations, but will be staying at a nearby hotel. He will be briefed on the talks by the diplomats from the five participating powers.

The states engaged in the negotiations have their own agendas. For Iran, their single objective is to lift the sanctions. From statements made by Iranian leaders, it is clear that they will object to dealing with issues of concern to the US, or the Israelis, who are not participants, but are facing an existential threat from a nuclear Iran.

“I will turn you around, put hooks in your jaws and bring you out with your whole army—your horses, your horsemen fully armed, and a great horde with large and small shields, all of them brandishing their swords.” Ez. 38:4 NIV

These issues include Iran’s development of ballistic missiles, and their nefarious regional activities. Iran demands assurances that the new JCPOA will bind future US administrations. It is not easy to predict whether the Iranian negotiating team will stick to its maximalist demands, or show some flexibility. It is clear, however, that Iran’s new president, Ebrahim Raisi, will seek a tough stand against the US. With the Chinese and Russian delegations at Iran’s side both in and out of the negotiation room, Tehran is unlikely to budge.

The first day of the negotiations is perhaps indicative of what is to come. The Iranian top negotiator Ali Bagheri Kani, Iran’s Deputy Foreign Minister, dictated the agenda, and the western powers dutifully complied. The topic was the lifting of the sanctions against Iran, and not returning the Islamic Republic to its nuclear commitments under the JCPOA.

Another early piece of evidence of Iran’s dictating the agenda came from Iran’s Foreign Ministry spokesman Saeed Khatibzadeh. He stated that, “The US could receive a ticket for returning to the room if it agrees to the real lifting of sanctions.” The arrogance of the Iranians is apparent, and meant as an insult to the US.

Read More @ Front Page Mag HERE

Top US Shale CEO “Worried” Years Of Underinvestment Could Boost Oil Over $100

Written on . Posted in PT Global Economy.

Assessment: He was mind-boggled last month when the Biden administration requested OPEC to increase crude output to suppress prices, overlooking U.S. oil/gas companies …

After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil markets for years to come.

“Even by the God of thy father, who shall help thee; and by the Almighty, who shall bless thee with blessings of heaven above, blessings of the deep that lieth under, blessings of the breasts, and of the womb” Gen. 49:25

“I’m worried that it may get too high, above $100 (per barrel),” according to Scott Sheffield, CEO of shale explorer Pioneer Natural Resources Co., who was speaking to Reuters in an interview at the Petroleum Congress in Houston on Tuesday.

“I hope it stabilizes between an $80 to $100 range over the next several years. We need stability in the oil markets,” he said.

Sheffield said U.S. oil production would only increase by 3% annually because oil companies return cash to shareholders rather than boost CAPEX. In that case, he added oil prices would continue to bid more than $70 a barrel for the foreseeable future.

He was mind-boggled last month when the Biden administration requested OPEC to increase crude output to suppress prices, overlooking U.S. oil/gas companies.

“The Biden administration called up OPEC to increase production and didn’t ask the U.S. to do it,” he said. 

Sheffield’s outlook differs drastically from the Biden administration, desperately trying to squash oil prices amid plunging poll numbers due to high inflation ahead of the midterms.