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Fed will aggressively dial back its bond buying, sees three rate hikes next year

Written on . Posted in PT Global Economy.

Assessment: Can Chairman Powell really slow money printing and raise interest rates without crashing the markets? The next crisis will tell the story …

The Federal Reserve provided multiple indications Wednesday that its run of ultra-easy policy since the beginning of the Covid pandemic is coming to a close, making aggressive policy moves in response to rising inflation.

With the biggest deficit since WWII, the US thinks it can print mad money

For one, the Fed said it will accelerate the reduction of its monthly bond purchases.

The Fed will be buying $60 billion of bonds each month starting January, half the level prior to the November taper and $30 billion less than it had been buying in December. The Fed was tapering by $15 billion a month in November, doubled that in December, then will accelerate the reduction further come.

After that wraps up, in late winter or early spring, the central bank expects to start raising interest rates, which were held steady at this week’s meeting.

Projections released Wednesday indicate that Fed officials see as many as three rate hikes coming in 2022, with two in the following year and two more in 2024.

Read More @ CNBC HERE

Double-Edged Antisemitism

Written on . Posted in PT World Order.

Assessment: In those years, the Palestinian world — with all its anti-Semitic ferocity, dishonesty and human-rights violations — became an untouchable sacred cow in the eyes not only of Italy, but throughout Western Europe …

The Oct. 9, 1982 Palestinian terrorist attack on the Great Synagogue of Rome, in which killed two-year-old Stefano Gaj Tachè was killed, and the blood of 37 others who were wounded flowed on the stones of the building that should have been the safest refuge for Jews in the Italian capital, was a double slap in the face — not only by the murderers, but by those who didn’t lift a finger to defend their victims.

According to a front-page story last week in the left-leaning Italian daily, Il Riformista, Italian authorities had been warned that an attack against Jews or Israelis was being planned. Though documents cited in the story show that Francesco Cossiga — prime minister of the Italian Republic from 1979-1980, and president from 1985-1992 — had decried it at the time, numerous documents from more than fifteen years ago show that no one ever bothered to investigate the matter further. The implication is that there had been a political agreement between former Prime Minister Giulio Andreotti and Palestinian organizations, which had requested that they be given a free hand against Jews and Israelis on Italian soil in exchange for a vow not to assault “innocent” Italians (i.e. non-Jews).

“Remember what Amalek did to you on the way as you were coming out of Egypt” Deut. 25;17

Though such a promise meant nothing, as Palestinian terrorists hadn’t taken into account the identity of “innocent” Italians when they attacked Rome’s Fiumicino airport in 1973 (killing 34); the 1985 highjacking of the Italian cruise ship Achille Lauro; or the 1985 twin attacks on the Rome and Vienna airports (killing 19).

Nevertheless, it was clear that Jewish blood was still a bargaining chip, even after the not-so-distant Holocaust, and after the Ghetto of Rome had been marked forever by the deportations of 1943. Indeed, the above terrorist attacks were simply part and parcel of the “next round.” And the same were once again stained with Jewish blood.

During the year of the attack on the Great Synagogue, PLO chief Yasser Arafat addressed the Italian Chamber of Deputies armed with a pistol. Andreotti, the godfather of the parliament’s pro-Arab policy, had allowed him to do so; and only Giovanni Spadolini of Italy’s Republican Party opposed the event.

And well he should have, since the terrorist fury of the Palestinians was already an established fact, highlighted by the slaughter of athletes (the massacre at the Munich Olympics in 1972…

Read More @ Algemeiner HERE

Swarm of Potential UFOs Spotted in Sky Above Chino Hills, CA

Written on . Posted in PT World Order.

Assessment: Such sightings are becoming more and more common-that’s probably why the Pentagon is devoting the whole thing. New wings to study them. The truth is there … 

Another UFO may have been witnessed in our hands. This certainly looks legal. This shows that there is no explanation for what all these lights in the sky are all about.

Check out this wild video captured by TMZ. This appears to represent multiple giant orbs in the heavens above Chino Hills, California. Witness anyway.
It is said to have been taken a few days ago around 9 pm on December 9th. The woman who filmed it said she was taking out the trash when her grandson looked up and saw it … it urged the rest of the family to come out and take it all in.“There were giants on the earth in those days, and also afterward, when the sons of God came in to the daughters of men and they bore children to them. Those were the mighty men who were of old, men of renown.” Genesis 6:4

Witnesses think the grand opening is happening, but say they couldn’t track such an event nearby … and as they say on the camera, the beam comes from below. Is not … It seems that the lights produced by something in the clouds are really there.

The crazy part is after about 30-40 minutes … these things are said to have disappeared completely without a trace.

There seems to be no explanation we can find about what we are seeing here-it’s a mystery. Of course, one answer is … this is a UFO. Or many of them like more. Those Navy -This is what a pilot says he recently saw while flying over civilization.Such sightings are becoming more and more common-that’s probably why the Pentagon is devoting the whole thing. New wings To study them. The truth is there …

Swarm of Potential UFOs Spotted in Sky Above Chino Hills, CA Source link Swarm of Potential UFOs Spotted in Sky Above Chino Hills, CA.

Read More @ California News HERE

Biden official warns: COVID explosion imminent

Written on . Posted in PT World Order.

Assessment: “Everything points to a large wave. A large wave is coming,” a senior Biden administration official told Axios …

New data from South Africa and Europe hint that Omicron cases are poised to explode in the U.S., where the vast majority of the population isn’t well protected against infection.

Driving the news: A new analysis by South Africa’s largest private insurer paints a picture of Omicron’s clinical risk: Two doses of Pfizer’s vaccine appear to be significantly less effective against severe disease with Omicron than previous variants.

“And Jesus answered and said to them: “Take heed that no one deceives you.” Matthew 24:4

What they’re saying: “Everything points to a large wave. A large wave is coming,” a senior Biden administration official told Axios.

  • But the variant is less likely to lead to hospitalization in adults than the original version.
  • “It will be fast. It won’t be as severe, but regrettably, there will be plenty of hospitalizations,” the official added.

By the numbers: The South African analysis, by Discovery Health, found that the risk of hospital admission among adults diagnosed with the Omicron variant is 29% lower than it was during South Africa’s first wave of infections in 2020. The researchers adjusted their calculations by vaccination status.

Read More @ Axios HERE

US holding off on reopening Jerusalem consulate amid strong pushback from Israel

Written on . Posted in PT Middle East.

Assessment: The primary reason for re-opening a Palestinian consulate in Jerusalem is to recognize Palestinian claims on Jerusalem. Weaponizing the consulate is an act of war …

It’s been seven months since US Secretary of State Antony Blinken notified Palestinian Authority President Mahmoud Abbas of the Biden administration’s plan to reopen the US Consulate in Jerusalem, but Washington has yet to even produce a timeline for when it plans to see the move through.

A US diplomat, a former senior US official and another source familiar with the matter told The Times of Israel this week that the Biden administration has effectively shelved its effort to resurrect the de facto mission to the Palestinians shuttered by former president Donald Trump in 2019.

“They have said, “Come, and let us cut them off from being a nation, That the name of Israel may be remembered no more.” Psalm 83:4

No final decision has been made, and the official State Department line remains that the Biden administration “will move forward with the process of reopening the consulate in Jerusalem,” but the three sources confirmed that no such process has begun. Moreover, even the administration’s more ardent advocates of reopening the consulate have shifted their focus to policies more likely to impact day-to-day life for Palestinians, the former senior US official said.

Hidden Truth: 2021’s “Inflation” Is the WORST in History — and RISING

Written on . Posted in PT Global Economy.

Assessment: Short of armed robbery, nothing makes Americans poorer faster than inflation does. Now, finance moguls who borrow money for a living love inflation. It makes their debt cheaper, Tucker Carlson …

“Officially” is a funny word. Officially, China’s constitution guarantees freedom of speech and religion. Officially, homosexuality is outlawed under Islam (but loopholes exist). Here’s another example:

Officially, our Consumer Price Index (CPI — what’s informally called “inflation”) rose 7.3 percent this year — or 6.9 percent, depending on whom you believe. This would make it the highest in 39 years. Banking on this, however, would be a bit like assuming you could mount a soapbox in Shanghai, call Xi Jinping a traitor, and not end up “re-educated.”

“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

For in fact, says one analyst, the real 2021 CPI is 15 percent — the highest in American history.

Indications are that it’s going to get worse, too.

This bad news was delivered by economist Peter Schiff while appearing on Fox News’ Tucker Carlson Tonight Friday evening. The issue, said Schiff, is that how we calculate the CPI has changed. A more honest formula, the one we used 39 years ago, yields the record CPI figure.

Reda More @ New American HERE

Iran Prepares To Launch Space Satellite With Possible Warhead Capability

Written on . Posted in PT Middle East.

Assessment: Iran Issues Threats After US-Israel Talks on Possible Strikes on its Nuclear Sites …

Debkafile: Word of US-Israel talks on possible strikes on its nuclear sites spurred Iran this week to issue a stream of threats and boasts about its ability to destroy any enemy venturing on aggression. On Monday, while its emissaries pursued nuclear talks with world powers in Vienna, Tehran released images of heightened activity at its underground spaceport where one of four satellites, the low-orbit imaging Zafar 2, was said to be “in the final stage of preparation.”

Since 2016, all four launch attempts by the Simorgh rocket have failed to put an Iranian satellite into orbit. Some experts believe that Iran’s engineers may have since mastered missile stage separation and are using both liquid and solid propellants. DEBKAfile’s military sources say that if the Iranians can pull off a successful space launch this time, that assessment would be confirmed.

“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

It would also indicate that Iran may be closer than believed to the ability to mount a nuclear warhead atop an ICBM missile with a range of 2,000km. US and Israeli intelligence sources’ estimate hitherto is that the Iranians were at least two years away from developing the necessary technology for this critical stage in weaponizing its nuclear program.

According to Iranian sources, the space satellite is to be launched again by the Simorgh rocket, which has a range of 4,000km, from the Imam Khomeini Spaceport. This underground site is located outside the town of Katamaran in Kermanshah province and near Haj Abad in the province of Hormozagan. Haj Abbad (see photo) was Iran’s first missile base and is now set aside for solid-fuel ballistic missiles.

As to Tehran’s escalating threats, on Saturday, Iran’s Revolutionary Guards (IRGC) launched 110 new assault speedboats from the port of Bandar Abbas. This was the seventh supplement of new missiles boats for the corps’ fleet this year, as commander Gen. Hossein Salami told the ceremony.

He added that were it not for the IRGC’s might in the Gulf region, “the Muslim countries in the region would have been dominated and destroyed by enemies.”

Read More @ Debka HERE

Russia Threatens to Deploy Nukes in Europe

Written on . Posted in PT World Order.

Assessment: The U.S. and NATO have increased naval activity and aerial patrols in the region, which Russia has claimed is a “provocation” and separately threatened “dangerous consequences” for continuing that action …

Russia said on Monday that it may deploy nuclear missiles in Europe because it claims NATO is doing the same.

Deputy Foreign Minister Sergei Ryabkov told Russia’s state-run RIA news outlet that it saw “indirect indications” that NATO was nearing deployment of intermediate-range nuclear forces (INF) in Europe, so it would be “forced” to do the same, Reuters reported.

“This is what the Sovereign Lord says: I am against you, Gog, chief prince of Meshek and Tubal.” Ez. 38:3

“Lack of progress towards a political and diplomatic solution to this problem will lead to our response being of a military and technical military nature,” Ryabkov said.

“That is, it will be a confrontation, this will the next round, the appearance of such resources on our side. Right now there aren’t any, we have a unilateral moratorium. We call for NATO and the U.S. to join this moratorium,” Ryabkov added.

INF was banned via a 1987 treaty signed by U.S. President Ronald Reagan and Soviet leader Mikhail Gorbachev, though it was abandoned by the Trump administration in 2019, citing years of Russia violating the pact.

Ryabkov claimed Russia now has a “complete lack of trust” in NATO.

Read More @ Military News HERE

Producer Prices Rise At the Fastest Pace on Record

Written on . Posted in PT Global Economy.

Assessment: Federal Reserve officials have insisted for months that Inflation is ‘transitory’, however the latest reports show the word is no longer appropriate ….

U.S. stock index futures fell during morning trading Tuesday as new inflation data continued to show a sharp rise in prices.

Futures contracts tied to the S&P 500 futures declined 0.5% while and Nasdaq 100 futures were off by nearly 0.9%. Futures for the Dow Jones Industrial Average slipped 55 points.

“When He opened the third seal, I heard the third living creature say, “Come and see.” So I looked, and behold, a black horse, and he who sat on it had a pair of scales in his hand ” Rev. 6:6 

Futures moved lower after the November reading for the producer price index showed a year-over-year increase of 9.6%, the fastest pace on record and above the 9.2% expected by economists, according to Dow Jones. The index rose 0.8% month over month, above the 0.5% expected.

The Federal Reserve also kicks off its two-day meeting on Tuesday. The central bank will release a statement on Wednesday with quarterly projections for the economy, inflation and interest rates. Chairman Jerome Powell will also hold a press conference.

Morgan Stanley CEO James Gorman told CNBC on Monday that he thinks the central bank should start raising rates soon.

“The Federal Reserve would be better off storing away some of rate increases, so when the inevitable turn down comes, you’ve got some ammunition to fight with,” he said. “At the moment, at zero interest rates, we have no ammunition.”

Read More @ CNBC HERE

BIDEN DENIES ISRAEL MILITARY ASSISTANCE AGAINST IRAN

Written on . Posted in PT Middle East.

Assessment: The new KC-46 tankers have the capability to refuel jets with 1,200 gallons of fuel per minute. This type of refueling tanker would be crucial for a military strike against Iran …

Washington has denied an Israeli request to fast-track the shipment of two tanker aircraft that Israel ordered, as plans for a potential military strike against Iran should their nuclear plan move ahead, Ynet reported on Monday.

In October, Israeli Defense Ministry sources said that senior Israel Air Force officers requested that the delivery of four KC-46 tanker aircraft from the US be expedited, asking that two of them be brought to Israel immediately. They also requested that the other two be delivered within the next 2-3 years.

“O mortal, turn your face toward Gog of the land of Magog, the chief prince of Meshech and Tubal. Prophesy against him Ezekiel 38:2 (The Israel BibleTM)

According to the report, Jerusalem hopes to persuade the US over the next year.
The US State Department approved the possible sale of up to eight KC-46 tanker aircraft and related equipment to Israel for an estimated cost of $2.4 billion last March. This marks the first time the US allowed Jerusalem to purchase new tankers.

Israel was supposed to acquire two of the Boeing aircraft by late 2023. When former Israeli prime minister Benjamin Netanyahu’s visited Washington last, he brought up the issue that two out of the eight tankers be delivered in the next year.

Read More @ Israel 365 HERE