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Dollar’s Purchasing Power Gets Zapped. It’s Permanent

Written on . Posted in PT Global Economy.

Wolf Street: This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.

“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. 6:5

This stuff is now going on everywhere, all the time, at all levels. Polaris, the Minnesota-based manufacturer that makes the Indian Chief motorcycles, a variety of snowmobiles, off-road vehicles, and other vehicles, raised its prices in May in response to higher input costs, and now, a couple of months later, it is again contemplating price increases.

Big consumer-products makers have been announcing price increases, and sometimes sequential price increases, since earlier this year. This includes Procter & Gamble, Coca-Cola, Kimberly-Clark, General Mills, Unilever, and many others.

It said that “inflation has been higher than we anticipated.” And that has been the universal truth all year. Read More

Rep. Rashida Tlaib Accused of Using ‘Anti-Semitic Dog Whistles’ During Speech (Again)

Written on . Posted in PT World Order.

PJ Media: Squad member Rep. Rashida Tlaib (D-Mich.) gave a speech to the Democratic Socialists of America recently where she liberally used anti-Semitic tropes at the group’s national convention.

“We also need to recognize — and this is for me as a Palestinian American — we also need to recognize as I think about my family and Palestine that continue to live under military occupation and how that really interacts with this beautiful black city that I grew up in,” Tlaib began, referring to her hometown of Detroit. “You know, I always tell people cutting people off from water is violence from Gaza to Detroit. And it’s a way to control people, to oppress people. And it’s those structures that we continue to fight against.”

Who is “controlling” people in Gaza and Detroit?

“I know that you all understand the structure that we’ve been living under right now is designed by those that exploit the rest of us for their own profit,” Tlaib continued. “I don’t care if it’s the issue around global human rights and our fight to free Palestine or to pushing back against those that don’t believe in the minimum wage or those that believe that people have a right to health care and so much more. And I tell people, those same people, that if you open the curtain and look behind the curtain, it’s the same people that make money and, yes they do, off of racism, off of these broken policies. There is someone there making money and you saw it!”

It’s those people “behind the curtain” who are denying Detroit residents water and Palestinians human rights. Except “behind the curtain” was a very effective Nazi propaganda theme during the 1930s. Read More

Biden Accuser Responds to White House Dismissing Unwanted Touching Allegations as ‘Heavily Litigated’

Written on . Posted in PT World Order.

Breitbart: The White House dismissed Tara Reade’s, one of President Joe Biden’s accusers, claims of unwanted touching as “heavily litigated during the campaign,” while saying Biden has “been clear and outspoken about the importance of women.”

“ For nothing is secret that will not be revealed, nor anything hidden that will not be known and come to light.” Luke 8:17

Reade responded to a clip on Twitter showing White House Press Secretary Jen Psaki responding to questions from a reporter asking if the White House would support an “independent investigation of allegations into the president” from a female Secret Service agent, Reade, and others.

The reporter mentioned there was an investigation into New York Gov. Andrew Cuomo’s (D) allegations.

Reade responded by tweeting, “Ask Psaki: Did I miss the investigation and litigation? I sure did not miss the smears and attacks on my character during Joe Biden’s campaign as I came forward. Was it safe to come forward? I think not.”

Read More

IDF attacks terrorist infrastructure in Lebanon

Written on . Posted in PT Middle East.

Arutz Sheva: IDF fighter jets on Wednesday night attacked areas in Lebanon from which rockets were fired during the day toward the State of Israel as well as infrastructure used for terrorism, the IDF Spokesperson’s Unit said.

Another target was attacked in the area from which rockets were fired in the past.

“… and Esau said in his heart, “The days of mourning for my father [a]are at hand; then I will kill my brother Jacob.” Genesis 27:41

“IDF attacks will continue and even intensify in the face of terrorist attempts against the State of Israel and its citizens. The State of Lebanon is responsible for what happens in its territory. “The IDF warns of continued attempts to harm Israeli citizens and their sovereignty,” the statement said.

On Wednesday afternoon, sirens were sounded in ​​Kiryat Shmona, Tel Hai, and Kfar Giladi after missiles were fired at Israel. Read More

Joe Biden Plans to Mandate Foreign Visitors to U.S. be Vaccinated – Not Illegals from the Border

Written on . Posted in PT World Order.

Breitbart: President Joe Biden is reportedly readying a plan that will require foreign visitors to the United States to show proof of vaccination for the Chinese coronavirus before entering the country.

“And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.” Romans 12:2

A report by Reuters on Wednesday details a plan by the Biden administration that would “require nearly all foreign visitors” to be fully vaccinated against the coronavirus, according to a White House official with knowledge of the plan.

Such a move would come with a loosening of existing travel bans to the U.S. imposed by the Biden administration, many of which started under former President Donald Trump’s administration and were opposed by Democrats despite experts confirming that such bans help slow the spread of coronavirus.

ravelers arrive for flights at O'Hare international Airport on March 16, 2021 in Chicago, Illinois. On March 12, the TSA screened more than 1.3 million travelers, the highest number since the start of the pandemic. (Photo by Scott Olson/Getty Images)

While hammering out details of a plan to require foreign visitors to be vaccinated against coronavirus, the Biden administration has continued releasing border crossers at the U.S.-Mexico border into the nation’s interior who are coronavirus-positive. Read More 

 

Australia deploys helicopters, hundreds of troops to keep people at home in strict new lockdowns in Sydney

Written on . Posted in PT World Order.

American Military News: Around 300 Australian Defence Force (ADF) soldiers were deployed alongside police over the weekend in New South Wales to help police enforce strict new coronavirus lockdowns. Police helicopters have also been seen in the area, ordering residents to comply with lockdown restrictions.

“When the righteous [a]are in authority, the people rejoice;
But when a wicked man rules, the people groan.” Proverbs 29:2

Australian broadcaster ABC reported the soldiers arrived in the city of Sydney over the weekend and underwent training and would begin going door to door in Sydney by Monday to check that residents are complying with the lockdown orders.

Sydney, Australia, Enters 1st Full Lockdown Since Early 2020 - The New York Times

The Daily Mail reported in Sydney’s western suburbs residents saw police helicopters hovering overhead while sounding sirens and broadcasting the message, “This is public health order —do not break rules —you will be found and fines issued.” Read More

Build Back Worse: Payrolls Disaster? ADP Report Shows Hiring Falling Far Short of Expectations

Written on . Posted in PT Global Economy.

Breitbart: Has the recovery stalled?

U.S. businesses added just 330,000 jobs in July, according to a report from payroll processing firm ADP Wednesday.

That was less than half of the 680,000 forecast by analysts, according to Econoday. June’s estimate was revised down to 680,000 from the initial estimate of 692,000.

July’s job growth was the smallest gain in ADP’s estimates since February. Read More

Sirens sound in Kiryat Shmona as 3 rockets fired from Lebanon at Israel

Written on . Posted in PT Middle East.

Times of Israel: Three rockets were fired into northern Israel from Lebanon Wednesday shortly after noon, causing warning sirens to sound in the Kiryat Shmona area. Two rockets hit open areas, while the third fell short of the border.

There were no reports of casualties in the attack, though the Magen David Adom emergency medical service treated four people for anxiety attacks.

“For the day of the Lord upon all the nations is near;
As you have done, it shall be done to you;
Your [a]reprisal shall return upon your own head.” Obadiah 1:15

In response, the Israel Defense Forces fired artillery shells at targets in Lebanon just after the attack, as well as in a second round some two hours later.  Read More

State of the American Debt Slaves: Forbearance & Free-Money Phenomenon amid Soaring Prices of Homes & Autos

Written on . Posted in PT Global Economy.

Wolf Street: To the Fed’s great relief, hardy American debt slaves are finally going deeper into debt, after having made unnerving efforts in prior quarters at paying down their credit cards, the most expensive debts with the biggest profit margins for banks. What helped push up total borrowing were massive price increases that had to be financed – particularly homes and vehicles – and the loans to finance these purchases jumped even if the volume of purchases didn’t.

“The rich rules over the poor,
And the borrower is servant to the lender.” Proverbs 22:7

Total household debt – mortgages, HELOCs, credit cards, auto loans, student loans, and other debt – jumped by $313 billion in Q2, from Q1, according to the New York Fed’s Household Debt and Credit report today. This 2.1% jump was the biggest quarter-over-quarter jump in years, matching Q4 2013, and both were the biggest jumps since 2007. The total balance of debt reached nearly $15 trillion.

Auto loans & delinquencies: price spikes & stimulus checks.

The balance of auto loans and leases jumped by 2.4% in Q2 from Q1, to $1.42 trillion, the biggest quarter-over-quarter percentage increase since 2016, based largely on surging prices of new and used vehicles:

Read More