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Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at Jackson Hole

Written on . Posted in PT Global Economy.

CNBC: The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers gather in Jackson Hole, Wyoming.

The central bankers may even look relaxed against the backdrop of the Grand Tetons in the crisp late August air. But they will be under pressure to gently steer toward less policy support, without creating a market tantrum.

Third Seal: Scarcity on Earth

“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” Rev. 6:5

Federal Reserve officials, in numerous recent speeches and interviews, have already managed to speed up expectations for when they could begin to slowly pare back their $120 billion a month in bond purchases. More of that talk is expected at their annual symposium, which begins Thursday.

he Fed chairman’s speech is typically the highlight of the annual event, and various Fed chairs have used Jackson Hole to send important messages. The question is whether Jerome Powell will channel his speech Friday morning to provide more details on how the Fed could begin to unwind its bond buying, and even whether he is personally ready to embrace it.

FBI Shoots Down Dem ‘Conspiracy Theory’ That Jan. 6 Capitol Riot Was Pre-Planned

Written on . Posted in PT World Order.

Zero Hedge: Many Democratic leaders, including – most notably – Nancy Pelosi refuse to let go of the notion that the Jan. 6 “attack” on the Capitol was a terror attack on par with 9/11 or the Pulse nightclub shootings. Why? Because, they claim, the whole seige was planned and perpetrated by shadowy militia groups like the Oath Keepers, working in concert with Republican lawmakers.

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

Dems also blame President Trump for instigating the incident (the supposed reason behind Twitter and Facebook banning his accounts).

But according to a scoop from Reuters published Friday, prosecutors who once planned to try and lay charges of sedition, conspiracy or other serious offenses against members of the Oath Keepers and other militia groups have been stymied by the reality of what actually happened. And now that the first (surprisingly stiff) jail sentences have been handed down, the FBI has apparently determined that there’s “scant evidence” to suggest that the events of Jan. 6 resulted from an “organized plot”, according to a scoop published by Reuters.

In other words, it’s a repudiation of prosecutors’ claims that “trespassing plus thought crime = terrorism”.

The FBI tells Reuters that “95%” of these cases are “one offs”. And even among the “5%” who were more organized, there is still no evidence of a “grand scheme” to overthrow Congress and install President Trump for a second term.

Though federal officials have arrested more than 570 alleged participants, the FBI at this point believes the violence was not centrally coordinated by far-right groups or prominent supporters of then-President Donald Trump, according to the sources, who have been either directly involved in or briefed regularly on the wide-ranging investigations.

“Ninety to ninety-five percent of these are one-off cases” 

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Taliban Hunting For U.S. Allies, Screening Names, Americans ‘Injured And Stopped from boarding planes

Written on . Posted in PT Middle East.

Daily Wire: The Taliban is screening paperwork at checkpoints outside the Kabul airport, NBC News reported Friday, searching for Americal allies and others who worked for the coalition, and the situation outside has deteriorated into a “disaster,” even as the United States persists in demanding that Americans find their own way to the airport for evacuation — and claims from the Pentagon that Americans are “not being impeded” on their way out of the country.

“These six things the Lord hates, Yes, seven are an abomination to Him:
 A proud look, A lying tongue, Hands that shed innocent blood” Proverbs 6:16-17

Video posted to social media shows the “disaster” outside Kabul airport — a crowd being tormented at a Taliban “checkpoint” with soldiers whipping and beating those in line to leave, including a woman clinging to a baby.

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Pilots seek restraining order against United Airlines’ ‘unlawful, life-threatening, vaccine-mandate’

Written on . Posted in PT World Order.

LifeSite News: The pilots assert in their lawsuit that United Airlines’ vaccine mandate places them at a significant risk of harm with enhanced possibility of heart failure and clotting while working at high altitudes, endangering the numerous souls aboard their aircraft.

A group of United Airlines (UAL) pilots have petitioned a Florida Court seeking a temporary restraining order against the company’s vaccine mandate which they see as dangerous and life threatening not only for themselves but for their passengers.

The 18 pilots —who have a combined total of roughly 200 years of military aviation and 440 years of commercial aviation experience— believe that “United Airlines’ mandate and policies are discriminatory at best, predicated on misinformation or disinformation, and places the pilots and general public at dire risk.”

With 834 aircraft and 67,000 employees, UAL is one of the largest airlines in the world.

An unconscionable ultimatum

In May, United reportedly offered its pilots up to $4,500 as an enticement to receive the COVID-19 vaccine as soon as possible.

As of August 6, UAL pilots risk losing their jobs if they refuse the vaccination, now mandated by the airline. Read More

Did The Fed’s Monetary Policy Experiment Just Fail?

Written on . Posted in PT Global Economy.

Zero Hedge:

Did the Fed’s “monetary policy experiment” fail? The recent dislocation between consumer confidence and the financial markets may indicate just that.

“U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment,” – Reuters

However, to understand why I am asking the question, we have to revisit whatBen Bernanke said in 2010 to support the idea of a second round of “Quantitative Easing.”

“This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose, and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending.”

What he is referring to is known as “Animal Spirits.”

Animal spirits came from the Latin term “spiritus animals,” which means the “breath that awakens the human mind.” Its modern usage came about in John Maynard Keynes’ 1936 publication, “The General Theory of Employment, Interest, and Money.” Ultimately, “animal spirits was adopted by Wall Street to describe the psychological factors driving investor actions.

Specifically, Ben Bernanke realized that investors would respond to that stimulus and increase asset prices by providing accommodation.

In other words, as long as individuals “believe” the Fed is lifting asset prices higher, they take action buying stocks and driving asset prices higher. Thus, investor actions deliver the desired outcome. 

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Transgender Surgeries Surged During Pandemic as All Other Health Care Fell Dramatically

Written on . Posted in PT World Order.

Breitbart: The American Society of Plastic Surgery (ASPS) released its first report outlining statistics for “gender confirmation surgeries,” one that reveals a double-digit increase in transgender surgeries in 2020, even as all other healthcare services dropped dramatically because of the coronavirus pandemic’s restrictions.

 “And even as they did not like to retain God in their knowledge, God gave them over to a debased mind, to do those things which are not fitting” Romans 1:28

“Despite the pandemic and its accompanying difficulties, the report shows a double-digit increase of 12 percent in [transgender] procedures performed from 2019 to 2020,” ASPS noted in a report published at the end of July on surgeries performed by its member surgeons in 2020.

Elective mastectomies for “trans male patients,” i.e., biological women who identify as men, saw a 15 percent increase from 2019 to 2020, and “trans female” facial and breast surgeries similarly jumped 14 percent.

ASPS member Loren Schechter, M.D., said it should not be surprising to see double-digit increases in elective double mastectomies and other transgender surgeries during a pandemic.

UCLA plastic surgeon and ASPS member, Justine Lee, M.D., confirmed, “I think most of us will agree on this: We’re currently busier than we’ve ever been.”

“I’m booking now for 2023,” she added.

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Taliban triumph in Afghanistan has Arab states and Israel hedging dependence on US

Written on . Posted in PT Middle East.

JNS: “I believe that Iran will have concluded the Biden team is not first-rate and wants to avoid confrontations, so Iran is more likely to test them now than it was six months ago,” said Elliott Abrams, who served as Special Representative for Iran and Venezuela during the Donald Trump administration.

“A false witness will not go unpunished,
And he who speaks lies will not escape” Proverbs 19:5

The Taliban’s quick takeover of Afghanistan has Middle Eastern countries deeply concerned about their dependence on the U.S. security umbrella.

Elliott Abrams, who served as Special Representative for Iran and Venezuela during the Donald Trump administration, told JNS that Arab states could be expected to increase security cooperation and consultation with Israel — “though we will not see most of it.”

Asked how this could influence Iran’s thinking, Abrams replied, “I believe that Iran will have concluded the Biden team is not first-rate and wants to avoid confrontations, so Iran is more likely to test them now than it was six months ago.”

“I think the chances of going back to the JCPOA (the 2015 Iran nuclear deal) are down to perhaps 20 percent now Read More

Busted: State Department Memo Warned of Afghanistan Collapse Back in July

Written on . Posted in PT World Order.

Breitbart: A classified State Department cable from July suggests that Secretary of State Antony Blinken was warned that Kabul would fall into Taliban hands by the August 31 troop withdrawal deadline, a report from the Wall Street Journal on Thursday revealed’

About two dozen State Department officials serving at the embassy in Kabul sent an internal memo to Secretary of State Antony Blinken and another top State Department official last month warning of the potential collapse of Kabul soon after the Aug. 31 troop withdrawal deadline, according to a U.S. official and a person familiar with the cable.

“When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn” Proverbs 19:12 KJV

Sent via the State Department’s confidential dissent channel, the memo warned that the Taliban would quickly gain control of Afghanistan and “offered recommendations on ways to mitigate the crisis and speed up an evacuation.”

The WSJ continued:

The cable, dated July 13, also called for the State Department to use tougher language in describing the atrocities being committed by the Taliban. The classified cable represents the clearest evidence yet that the administration had been warned by its own officials on the ground that the Taliban’s advance was imminent and Afghanistan’s military may be unable to stop it.

On July 8, just five days prior to this memo warning of an Afghanistan collapse, President Biden expressly said that Kabul would not be another repeat of Saigon in 1975. Read More

Taliban Mocks West: Fanatics Tooled-up in ‘Stolen US Military Gear’

Written on . Posted in PT Middle East.

Sun: TALIBAN propaganda channels are showing brazen fanatics tooled up in the streets of Kabul in what appears to be stolen US-made military gear.

The ISIS-style video shows troops armed to the teeth with modern military equipment — rather than the militants’ signature AK-47 slung over the shoulder.

Sophisticated tactical radio can be seen on the troops' back

The Taliban’s slick propaganda film of a unit called the soldiers “Badri 313 Brigade”. It warns their formidable squadron would be on the streets of Kabul and guarding the presidential palace.

“Because the Lord has sworn: the Lord will have war with Amalek from generation to generation.” Exodus 17:16

The unit is reportedly highly trained and equipped with state-of-the-art military equipment But their gear appears to be suspiciously like that used by the US-equipped Afghan special forces.

In the Taliban video, the Badri 313 soldiers are seen with US special forces military helmets with mounts for night vision goggles.

They also appear to be wearing eyewear which could help protect the eyes from explosion flashes.

Instead of the usual turban and robes, bulletproof vests over camouflage jackets and trousers are worn.

They are armed with tactical M4 rifles rather than AK47s.

Tactical radios are also seen on the newly acquired uniforms.

Afghan army Humvees are also in Taliban hands

The Taliban booty included US Humvees, and up to 40 aircraft potentially including UH-60 Black Hawks, scout attack helicopters, and ScanEagle military drones.

Taliban fighters seized US Blackhawk helicopters

(Taliban fighters seized US Blackhawk helicopters)
See more with video HERE

 

John McCain’s past remarks on Blinken being ‘dangerous to America’ resurface amid Afghanistan debacle

Written on . Posted in PT World Order.

Fox News: The late Sen. John McCain’s, R-Ariz., remarks in 2014 warning that now-Secretary of State Antony Blinken is “dangerous to America” resurfaced online amid the botched withdrawal of U.S. troops from Afghanistan.

The senator’s comments come from his opposition speech against Blinken’s nomination to be deputy secretary of state under former President Obama.