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Fed is evaluating whether to launch a digital currency and in what form, Powell says

Written on . Posted in PT Global Economy.

Assessment: China leads the nations having already launched the digital yuan/e-renminbi. The US is behind at least 18 countries in developing a central bank digital currency…

The Federal Reserve is pushing ahead with its study into whether to implement its own digital currency and will be releasing a paper on the issue shortly, Chairman Jerome Powell said Wednesday.

No decision has been made on the matter yet, he added, and said the Fed does not feel pressured to do something quickly as other nations move forward with their own projects.

“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads”  Rev. 13:16

“I think it’s important that we get to a place where we can make an informed decision about this and do so expeditiously,” Powell said at his post-meeting news conference. “I don’t think we’re behind. I think it’s more important to do this right than to do it fast.”

Powell added the Fed is “working proactively to evaluate whether to issue a CBDC, and if so in what form.” Read More @CNBC HERE

San Diego Teachers’ Union Passes Resolution That Rejects Israel’s Legitimacy

Written on . Posted in PT Middle East.

Assessment: 1930s style anti-Semitism is on the rise and with it judgment on the people and nations who promote it (Genesis 12:3)

The San Diego chapter of the American Federation of Teachers passed a resolution this month rejecting Israel’s legitimacy as a country and accusing the Israeli government of carrying out ethnic cleansing, apartheid, and war crimes against Palestinians.

“For you are a holy people to the Lord your God, and the Lord has chosen you to be a people for Himself, a special treasure above all the peoples who are on the face of the earth.” Deut. 14:2

In the resolution, AFT Guild Local 1931, which represents community college teachers in San Diego, refers to Israel as “historic Palestine” and calls on the Biden administration to “hold Israel accountable for its complete disregard of international law” and implement a “prompt reassessment of military aid to Israel.”

The statement does not mention Palestinian terrorism. It argues that Israel’s “indiscriminate bombing of the Gaza Strip has claimed a significantly greater and disproportionate number of Palestinian lives and destroyed essential infrastructure in the already oppressed occupied territories.”

The resolution comes as hate crimes against Jewish Americans are on the rise and progressives across the United States ramp up a campaign of delegitimization and economic pressure against Israel. On Tuesday, House Democratic leadership removed funding for Israel’s missile defense shield from its spending bill, in response to protests from progressive lawmakers.

AFT national president Randi Weingarten told the Times of San Diego she was “troubled” by parts of the resolution but had no control over the chapter’s decision. Free Beacon, read more Here

Latest Durham Indictment May Make Russiagate the Most Corrupt Scandal in U.S. History

Written on . Posted in PT World Order.

Assessment: Every few months the deep state marches out a really scary looking lawyer with another set of indictments that show corruption at the highest level of politics followed by …

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PJ Media:That loud clunk you hear is another shoe dropping in the John Durham investigation of the “Russia! Russia! Russia!” conspiracy to Get Trump.

We already know about Hillary Clinton’s attempted takedown of the Donald Trump candidacy and presidency in the Russia hoax. We know a government lawyer lied to the FISA court in order to get a warrant to spy on the Trump campaign. We know about Christopher Steele’s fake “dossier,” the spying on the Trump campaign by the FBI, and the deployment of Democrat apparatchiks to conscript their Leftist media transcribers to plant or amplify the fake news in the service of The Party.

It’s one of the most corrupt scandals in U.S. political history.

But Special Counsel John Durham’s latest indictment may move this scandal to the undisputed champ of all time. Read More @ PJ Media HERE

 

Biden Admin Releasing Haitian Migrants into USA Despite Promise to Remove Them

Written on . Posted in PT World Order.

Assessment: The borderless progressive agenda is on full display in the Biden White House

Media outlets report that despite promises from DHS Secretary Alejandro Mayorkas, Haitian migrants are being released into the U.S. interior. One official told the Associated Press the number of migrants released in recent days is in the thousands.

“Let no one deceive you with empty words, for because of such things God’s wrath comes on those who are disobedient” Eph. 5-6 ESV

“If you come to the United States illegally, you will be returned, your journey will not succeed, and you will be endangering your life and your family’s life,” Department of Homeland Security Secretary Mayorkas said during a press conference in Del Rio on Monday. “Your journey will not succeed, and you will be endangering your life and your family’s lives.”

“We in DHS are securing additional transportation to accelerate the pace and increase the capacity of removal flights to Haiti and other destinations in the Western Hemisphere,” he stated.

Despite these bold promises of removal, it appears the number of Haitians being removed is in the hundreds while those being released are in the thousands.

The AP reports:

The releases come amid a quick effort to empty the camp under a bridge that, according to some estimates, held more than 14,000 people over the weekend in a town of 35,000 people. Texas Gov. Greg Abbott, during a visit Tuesday to Del Rio, said the county’s top official told him the most recent tally at the camp was about 8,600 migrants.

The criteria for deciding who is flown to Haiti and who is released in the U.S. was unclear, but two U.S. officials said single adults were the priority for expulsion flights.

Fox News also reports the release of Haitian migrants into the U.S. interior. The migrants are reportedly being flown by Aero Airways, a major government contractor, to U.S. destinations including Chicago, Denver, Minneapolis, New York City, Yakima (Washington), and Harrisburg (Pennsylvania).

The AP claims as many as 6,000 migrants have been released from the camp in Del Rio Texas. Breitbart News Read More @ Breitbart HERE

Another Russian Attack on America’s Food Supply—Because Nobody Takes Biden Seriously

Written on . Posted in PT Global Economy.

Assessment: Perhaps Joe Biden’s ‘relentless diplomacy’ and saying pretty please will stop wanna be Czar Vladimir. Perhaps not.

Despite repeated warnings from Presidentish Joe Biden against ransomware attacks coming from Vladimir Putin’s Russia, somehow another proscribed target just got hit by the Russians.

This time Russian hacker group BlackMatter targeted an Iowa grain co-op, demanding nearly six million dollars or else they’d leak the company’s proprietary business data.

The co-op, New Cooperative, manages “supply chains and feeding schedules on track for millions of chickens, hogs and cattle,” according to the Washington Post.

The cooperative took its computer network offline to isolate the incursion, the person said, and shuttered its soil-mapping software — a master-control system that optimizes irrigation and fertilization — as a precaution.

The whole mess has yet to be ironed out, and it remains to be seen whether or how this impacts U.S. food production at a time of supply chain troubles and rising inflation. Read More from Read More @ PJ Media HERE

Fed Chair Powell Reiterate That ‘Tapering Is Not Tightening’

Written on . Posted in PT Global Economy.

Assessment: Republican Jay Powell is under heavy political pressure as the progressive left urge Joe Biden not to nominate Powell as Fed Chair.

Is this the beginning of the end? Or the end of the beginning of the real big end? While the FOMC statement did not explicitly “talk taper”, the dots suggest a Fed that is more hawkish than before… but whatever you do, don’t interpret that as ‘tightening’.

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

Fed Chair Jay Powell has some dancing between the raindrops to do today: avoid being cornered on firing Rosengren and Kaplan; avoid suggesting the economy is doing ‘too well’, avoid saying the economy is not ‘doing well’; avoid being forced to express his views on when and how long any tapering of The Fed’s purchases will be…

In other words, Powell has to go full ‘Greenspan’ today, mumble a lot, use big words, and escape to fight another day. Read More

White House condemns border guard use of whip-like cord against Haitian migrants

Written on . Posted in PT World Order.

Assessment: The phony hysteria designed to criticize law enforcement is over reins that are used to control the horse not whip people …

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The White House on Monday criticized the use of horse reins to threaten Haitian migrants after images circulated of a U.S. border guard on horseback charging at migrants near a riverside camp in Texas.

The mostly Haitian migrants in recent days have been crossing back and forth between Ciudad Acuna in Mexico and the sprawling camp across the border in Del Rio to buy food and water, which was in short supply on the U.S. side.

Reuters witnesses saw mounted officers wearing cowboy hats blocking the paths of migrants, and one officer unfurling a cord resembling a lariat, which he swung near a migrant’s face. Read More

White House Aides Shout Down US Press Corps When British PM Suggests Taking Questions

Written on . Posted in PT World Order.

Assesssment: American reporters tried to ask Biden about the immigration crisis at the U.S.-Mexico border — which has been overwhelmed by masses of incoming Haitian refugees — the president’s aides exploded in loud exclamations, shouting “thank you” over the attending journalists before hastily escorting them out of the room.

Daily Caller: White House aides shouted down American pool reporters who attempted to ask President Joe Biden about the crisis at the southern border, multiple videos of the Tuesday event show.

Biden held an Oval Office meeting Tuesday with U.K. Prime Minister Boris Johnson to discuss the bilateral trading relationship and dangers of climate change, Reuters reported.

Johnson suggested taking questions from the press, and two British journalists were given such an opportunity, according to CBS’ Ed O’Keefe who was in the Oval Office Tuesday.

QE Infinity: Ray Dalio Warns US Will See Another Round Of QE After Taper

Written on . Posted in PT Global Economy.

Assessment:  Dalio insisted the cryptocurrency has an “imputed value, not an intrinsic value.” If Bitcoin is successful, it will be worth “a lot more” than it is now (that is, assuming the government doesn’t “kill” it).

Zero Hedge: A few days ago, Bridgewater’s Ray Dalio sat for an interview with CNBC and declared that “cash is still trash”, and that governments will conspire to “kill” bitcoin if it ever does become a legitimate threat to the greenback. Just one day later, US stocks suffered their worst single-day drop since May.

” … “A quart of wheat for a [b]denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine'” Rev. 6:6

On Tuesday, with every investor and Wall Street research department focused on the situation at Evergrande, Dalio sat for an interview with Bloomberg where he once again tried to reassure investors that there’s “nothing to see here” in China, where Dalio has made large investments, not just with the money belonging to Bridgewater’s clients, but with his own personal fortune.