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“Panic Buying” – A Rush To Hoard

Written on . Posted in PT Global Economy.

Assessment: This is a potential game-changer for energy markets and is likely to kick off a panic buying spree such as we saw in toilet paper and other household items in the early days of the pandemic.

  • A confluence of bullish factors propelled oil prices to new multi-year highs this week
  • The Chinese government has reportedly given state-owned energy companies a directive to secure winter energy supplies at all costs in response to recent shortages
  • The last time oil prices were this high was back in early October 2018, right before prices crashed in the fourth quarter of that year, although the setup is much different this time

Panic buying

Spot oil prices continued their ascent this week, setting new multi-year highs in the process as a confluence of factors worked to bid up nearby futures. This recent show of strength is largely inline with our expectations and notably, oil prices have shrugged off news of a Chinese SPR release, a stronger US dollar, and a risk-off event with relative ease, continuing higher unabated.

Moreover, China appears to have made an abrupt and key policy change with respect to their commodity markets approach. To that end, recent reports are indicating that the central government there has given state-owned energy companies a directive to secure winter energy supplies at any and all costs. As many are aware, commodity inflation is soaring and pressuring large importers and particularly China, and at the same time, supply shortages are becoming more and more frequent across the globe. Up until now though, China was more focused on trying to pressure commodity and oil prices lower by releasing strategic reserves and tightening import licenses, however, things have changed.

Now the plan is to hoard all available supplies no matter the cost, to support continued economic growth, especially in a cold winter scenario.

 

London Slips Into Technocracy, Becomes Blueprint For The World

Written on . Posted in PT World Order.

Assessment: The tiny City of London, just one square mile in size, is where all the banks and financial institutions are located. This is the yeast that leavens the whole lump of dough, as Greater London and all of England have slipped into Technocrat tyranny. National leadership reflected this with the elections of Theresa May and then Boris Johnson, both having succumbed to the forces of Techno-Populism. ⁃ TN Editor

Last week we covered Telosa, a technocratic metropolis slated to be home to 5 million people by 2060. Previously we’ve investigated plans to turn Nevada into a hub of technocracy. These stories need telling but we by just looking into the future we can miss sight of the fact that the truth the technocratic city is already here.

“ So they worshiped the dragon who gave authority to the beast; and they worshiped the beast, saying, “Who is like the beast? Who is able to make war with him?” Rev. 13:4

For better or worse, London has long been considered one of the world’s great cities. It has produced many of the world’s great artists, writers, and thinkers. Many of the world’s most renowned museums are here, housing priceless historical artifacts and works of art. London’s palaces, parks, gardens, and squares make it an architect’s playground.

Conversely, London is also known as a place where freedom and privacy are nearly extinct. It is one of the world’s most surveilled cities, ranking second globally in CCTV cameras per square (1,138) and third in CCTV cameras per person (73 per 1,000). The city’s police have recently purchased facial recognition technology in order to process historic images from these CCTV cameras as well as social media platforms and other sources. This is in addition to the Live Facial Recognition (LFR) technology already deployed in the city.

But this is just one small part of life in one of the world’s most technocratic and surveilled cities. In 2018 the Mayor of London, Sadiq Khan launched Smarter London Together, his roadmap to make London “the smartest city in the world.”

This perfectly illustrates how politicians may come, go, and move around while the technocratic agenda moves forward without resistance. Read More

 

What is the ‘two-state solution’ about?

Written on . Posted in PT Middle East.

Assessment: Reps. Marie Newman, Andre Carson, Hank Johnson, Cori Bush, Alexandria Ocasio-Cortez, Rashida Tlaib, Ilhan Omar, Jesus Garcia, Raul Grijalva, Ayanna Presley and their Republican comrade Thomas Massey opposed the Iron Dome funding package because they support the terror war that Hamas, Fatah, Islamic Jihad and their brethren in Hezbollah wage against the people of Israel. They don’t want to fund Iron Dome because they want Israel to lose to the terrorists.

JNS: After the House of Representatives overwhelmingly approved the supplemental spending bill for the Iron Dome program, everyone from House Speaker Nancy Pelosi to the Biden White House to Prime Minister Naftali Bennett and Foreign Minister Yair Lapid, quickly proclaimed bipartisan support in Washington for the U.S.-Israel alliance to be as strong as ever. Unfortunately, even before the bill passed, it was clear that the opposite was the case.

“Moreover I will appoint a place for My people Israel, and will plant them, that they may dwell in a place of their own and move no more; nor shall the sons of wickedness oppress them anymore, as previously’ 2 Sam. 2:7

Eight House members from the leftist edge of the political spectrum voted against the Iron Dome funding, and two of their comrades voted “present.”

The only reason the measure was brought to a vote last week was because days earlier, the same House members blocked supplemental funding for the Iron Dome program from being included in an omnibus spending resolution. By first scuttling and then opposing the funding of a joint Israeli-U.S. system that is entirely defensive and works only to prevent the wanton murder of Israeli civilians by indiscriminate missile attacks, the lawmakers were saying that they supported the Palestinians in their terror war against Israel. Read More

‘A Giant Can of Worms’: Afghans Are Walking Off U.S. Bases, No One Knows Where They Are

Written on . Posted in PT World Order.

“It’s a giant can of worms,” said a U.S. Citizenship and Immigration Services official who asked not to be named, and in these days of rapidly increasing Biden administration authoritarianism, it’s easy to see why. Grateful Afghan refugees are, according to Reuters, upsetting the establishment narrative in large numbers by engaging in “independent departures” from the U.S. military bases where the evacuees are being housed.

“Let every person be subject to the governing authorities. For there is no authority except from God; Romans 13:1

That is, they’re getting up and walking away, and no one knows where they are. At least 700 Afghans have now left various military bases and are somewhere in the United States. Over 300 have vanished from Fort Bliss alone. No one knows where. What could possibly go wrong?

Assessment: Dan Greenfield notes that there are three possibilities as to why these evacuees have disappeared from the military bases and left no forwarding address: “They’re not legally who they say they are and are worried that the authorities will find out”; or “they’re committing a crime such as trafficking young girls
Read More @ PJ Media HERE

Biden Pick for Comptroller Likes Soviet Financial Planning. Wants to End “Banking as We Know It”

Written on . Posted in PT Global Economy.

Assessment: The latest from China Joe is his pick for Comptroller of the Currency. Saule Omarova is a fan of Soviet economic policy. Critics call her an “actual communist.”

Forget about the “transgender woman” President Joe Biden hired to oversee the transition of the Defense Department.

Or the “transgender woman” he appointed as second-in-command at the Health and Human Services Department.

Or his Transportation Secretary, a man who thinks he’s married to a man.

In USSR, No Wage Gap!

The Wall Street Journal delivered the dope on Soviet-born Omarova in an editorial.

China Joe “checked off another progressive identity box” when he nominated Omarova, the Journal observed. “ Some Trump appointees were ridiculed for having supported the elimination of their agencies. Ms. Omarova wants to eliminate the banks she’s being appointed to regulate.”

Indeed, Omarova’s radical ideas might “make even Bernie Sanders blush.”

Born in Kazakhstan, SSR, Omarova graduated from “Moscow State University in 1989 on the Lenin Personal Academic Scholarship. Thirty years later, she still believes the Soviet economic system was superior, and that U.S. banking should be remade in the Gosbank’s image. Read more @ The New American HERE

Biden Fails To Clinch Infrastructure Deal, Is Ordered By Staff Not To Take Questions

Written on . Posted in PT Global Economy.

Assessment: While the US got a reprieve from the president’s inflationary economic agenda thanks to Democrat Senators Manchin and Sinema, the obvious question is who gives the orders to the president’s staff?

The Democrats were supposed to “get it done today”; instead the Biden-mediated negotiation with the increasingly rebellious progressives proved to be the latest failure for the 78 year old president.

WASHINGTON, DC - OCTOBER 01: President Joe Biden and Speaker of the House Nancy Pelosi (D-CA) leave a House Democratic Caucus meeting in the U.S. Capitol on Friday, Oct. 1, 2021 in Washington, DC. The President called the meeting in order to push through an impasse with his $1 trillion infrastructure plan.

Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it. Proverbs 21:20 ESV

Speaking to reporters after a brief, 30-minute meeting with the House Democratic caucus, Biden said there was no rush to pass his economic agenda amid tensions over how to proceed on a Senate-passed infrastructure bill and a larger reconciliation package.  It was Biden’s first time traveling to Capitol Hill to push for his agenda since July, when he met with Senate Democrats.

“We’re gonna get this done,” Biden said as he departed the caucus meeting, adding that “It doesn’t matter when. It doesn’t matter whether it’s six minutes, six days or six weeks. We’re gonna get it done.”

Only it clearly won’t be six minutes because the infrastructure vote which many had expected to take place today, won’t be taking place today as progressives stood their ground, and maintained their demands for a $3.5 trillion package, even though Biden again made it clear that the topline of the spending package won’t be $3.5 trillion, a number which Joe Manchin has made clear is idiotic.

In fact, according to Politico, the discussed top-line of the range was $1.9 to $2.3 trillion, both of which are also unlikely to get Manchin’s approval. Read More @ Zero Hedge HERE

Biden’s ‘Evacuation’ Was a Taliban Human Trafficking Scheme

Written on . Posted in PT Middle East.

Assessment: The Biden administration claims to have evacuated 124,000 people, of them only 5,500 Americans, from Afghanistan.

After Biden evacuated tens of thousands of Afghan “translators”, refugee resettlement groups are desperately looking for translators to translate to the translators.

“For there is nothing covered that will not be revealed, nor hidden that will not be known Luke 12:2 

Why do Afghan translators, who were supposed to be able to translate from English to their native language, need help from translators?

It’s because they’re not translators.

In the last two years, Front Page Magazine ran multiple articles like How the ‘Interpreter’ Scam Brought 75,000 Iraqis and Afghans to America and ‘Saving Afghan Interpreters’ is a Scam That Would Bring 100,000 Afghans to U.S. exposing the “translator” scam. Now tens of thousands of Afghans are arriving in this country and they need translators because they don’t speak English.

As I previously pointed out, there were more Afghan “translators” applying for visas than there were American soldiers for them to translate for. But the vast majority of SIV visa applicants were never translators. The number of actual translators, Afghans embedded with U.S. forces who risked their lives by working in the field, was miniscule and was its own special category.

But by the end, almost any Afghan who worked for any U.S. organization could apply for a visa. Read More @ Front Page Mag HERE

Vatican To Punish Employees Who Refuse To Comply With COVID-19 Certification

Written on . Posted in PT World Order.

Zero Hedge: The Vatican is set to punish employees who refuse to comply with COVID-19 certification by not paying them.

“ Jesus answered: “Watch out that no one deceives you. 5 For many will come in my name, claiming, ‘I am the Messiah,’ and will deceive many.” Mat. 24:4-5

Yes, really.

Vatican staffers who are unable to prove they’d been jabbed or who refuse to pay for expensive negative COVID tests will be considered “unjustly absent” and paid no salary.

The new rules will go into force from October 1st onwards.

As we highlighted last week, the Italian government has also passed a decree applying to both the private and public sector ordering companies to withhold pay from workers who refuse to take the COVID-19 vaccine.

Those found working without the pass face fines of up to €1,500 euros after it was extended as a condition of entry for museums, stadiums, pubs, restaurants, and schools.

The unvaccinated were also banned from using long distance public transport, meaning that holidays, travel for work and visiting relatives has become impossible for many.

A sliver of good news is that Italians continue to hit the streets to protest the measures, with one video showing police officers removing their helmets in solidarity with the demonstrators.

Despite many Christians asserting a religious exemption to the vaccination, the Vatican itself is offering no such workaround.

Pope Francis has been a vehement supporter of the mass vaccination program, asserting that humanity “has a history of friendship with vaccines.”

“The Vatican has said that it considers it acceptable for Catholics to use vaccines, even those that use stem cell lines from aborted fetuses in their research,” reports the Mail.

Wow, so Christian!

Merck touts expensive new COVID drug while dismissing cheap ivermectin

Written on . Posted in PT Global Economy.

WND: The federal government already has a $1.2 billion contract with Merck to buy molnupiravir at $700 per 10-pill course, reported economic policy analyst Phil Kerpen, the president of the non-profit American Commitment. Displaying a copy of the contract on Twitter, he added that the government holds options for up to $3.7 billion.

Dr. Pierre Kory, who has testified of ivermectin’s effectiveness against COVID-19 in Senate testimony, said Friday that while Merck says molnupiravir reduces hospitalization and death by 47%, studies show ivermectin’s rate is 88%.

On Friday, Merk said molnupiravir showed “compelling results” in clinical trials, cutting the risk of hospitalization or death in patients with mild to moderate COVID-19 by about 50% in a late-stage trial.