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Central Banks Can’t Taper in this Slowdown

Written on . Posted in PT Global Economy.

Misses Institute: Recent macroeconomic data from the United States should worry us. Amid the reopening and the biggest fiscal and monetary stimulus in recent history, and with all the possible tailwinds from policy decisions, consumer confidence has plummeted to the lowest level since 2016.

Third Seal: Scarcity on Earth

5 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

Retail sales have fallen sharply again in July, and the employment or industrial production data are far more than disappointing considering the level of stimulus and that GDP has returned to prepandemic level.

The use of industrial capacity, at 76 percent, is 4 percent below the average for the 1972–2020 period, and the labor participation rate, at 61.6 percent, has been stagnant for ten months and at 1980 levels.

The total savings rate as a percentage of disposable income has almost vanished from 33.8 percent to 9.4 percent.

Let’s put it in the context of a reopening that has been in place for more than a year, a fiscal stimulus equivalent to three trillion dollars, and a monetary stimulus of 1.7 trillion dollars in 2021.

The United States would go into a severe recession if it were not “doping ” the economy. Read More

 

Afghanistan: UK ‘Ready’ To Launch Strikes Against IS Fighters, RAF Chief Says

Written on . Posted in PT Middle East.

Forces.net: The head of the Royal Air Force has indicated British forces are prepared to launch air strikes against so-called Islamic State (IS) militants in Afghanistan.

It comes as American forces completed their withdrawal from Afghanistan on Monday – bringing to an end the deployment which began in the wake of the 9/11 attacks two decades ago.

“And have no fellowship with the unfruitful works of darkness, but rather reprove them.” Eph 5:11

The Taliban has proclaimed “full independence” for Afghanistan after the US withdrawal.

RAF chief, Air Chief Marshal Sir Mike Wigston, indicated that the force could strike ISIS-K targets in Afghanistan.

He told the Daily Telegraph: “Ultimately, what this boils down to is that we’ve got to be able to play a global role in the global coalition to defeat Daesh, whether it’s strike, or whether it’s moving troops or equipment into a particular country, at scale and at speed.

“If there’s an opportunity for us to contribute I am in no doubt that we will be ready Read More

Is Biden Fudging the Numbers on Americans Left Behind in Afghanistan?

Written on . Posted in PT World Order.

PJ Media: According to the Biden administration, no more than a couple hundred American citizens remain in Afghanistan. President Biden said in his speech on Tuesday that most are dual citizens with family ties to the country and many don’t want to leave.

But, according to a U.S. official who spoke with the Daily Caller last week, there are likely a lot more still in the country. He said at the time there were an estimated 8,000 Americans in the country and it was doubtful we’d get to bring them all home.

“The Lord detests lying lips, but he delights in people who are trustworthy” Proverbs 12:22

According to one estimate, roughly 350 Americans were being evacuated daily alongside thousands of Afghans—meaning that if the U.S. official’s estimate that there were 8,000 Americans still in the country last week was correct, there’d be over 5,000 Americans left behind by the Biden administration—not a couple hundred.

What are we supposed to believe? Part of the problem is that we can’t really trust the numbers released publicly by the Biden administration—they’re vague and don’t differentiate between Afghan refugees and American citizens.

According to Joe Biden on Monday, “The past 17 days have seen our troops execute the largest airlift in US history, evacuating over 120,000 US citizens, citizens of our allies, and Afghan allies of the United States,” though he did not clarify how many were U.S. citizens. Trust me, that’s by design.

According to the official who spoke with the Daily Caller, “it’s become a quiet rule among officials to avoid giving out a more precise number of U.S. citizens evacuated, in part because it’s ’embarrassingly low.’” Read More

AFGHANISTAN: A HISTORIC TURNING POINT IN GLOBAL JIHAD AGAINST CHRISTIANS

Written on . Posted in PT World Order.

Israel 365: Dr. Mordechai Kedar has a deep understanding of the Arab mindset. A senior lecturer on Arabic culture at Bar-Ilan University, he served for 25 years in IDF Military Intelligence, where he specialized in Islamic groups, the political discourse of Arab countries, the Arabic press and mass media, and the Syrian domestic arena. Fluent in Arabic, he is one of the very few Israelis appearing on Arab television, frequently debating Arab thought leaders and imams in their native tongue.

“He shall be a wild ass of a man; His hand against everyone, And everyone’s hand against him; He shall dwell alongside of all his kinsmen.” Genesis 16:12 (The Israel BibleTM)

It was therefore deeply concerning when he posted a warning on his Facebook page explaining what he believed was the actual significance of the Taliban victory in Afghanistan:

“August 15, 2021, the day in which Taliban resumed their rule over Afghanistan after 20 years of Western occupation, will forever be viewed and remembered in the Islamic world as the victory of Islam over Christianity, the victory of faith over heresy, and the victory of tradition over permissiveness,” Dr. Kedar wrote.

“These events are pumping new blood into jihad arteries and the results will soon be seen around the world, including in Israel.” Read More

Gold Star Fathers Blast Biden For Looking At Watch During Dignified Transfer: ‘Most Disrespectful Thing’

Written on . Posted in PT World Order.

Breitbart: Gold Star fathers Mark Schmitz and Darin Hoover slammed President Joe Biden during a Fox News interview on Monday night for appearing to repeatedly look at his watch while participating in the dignified transfer of the 13 U.S. service members who died in a terrorist attack last week in Kabul.

“So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets.” Matthew 7:12

“In reference to the checking of his watch, that didn’t happen just once,” said Hoover, who lost his son, Marine Staff Sgt. Taylor Hoover, in the attack. “That happened on every single one that came out of that airplane. It happened on every single one of them. They would release the salute, and he would look down at his watch on every last one – all 13 – he looked down at his watch.”

“As a father, you know, seeing that and the disrespect, and hearing from his former leaders, one of his master sergeants said exactly what you just said, that this was avoidable, that they left them over there,” he continued. “They let them down, we can’t have that. It can’t happen ever again.” Read More

Israel May Deny Green Passports to People Who Have Not Received COVID Booster

Written on . Posted in PT Middle East.

Harretz: People who do not receive a coronavirus booster shot will eventually be denied a so-called green passport, which allows entry into various venues, Health Minister Nitzan Horowitz said on Tuesday.

“This is simply because, in terms of its effectiveness, the vaccine is valid only for a period of five or six months,” Horowitz told Channel 13 television. “After about half a year, you have to get a third dose. Otherwise, the vaccine loses its power.”

“But evil men and seducers shall wax worse and worse, deceiving, and being deceived.”
 2 Tim. 3:13 KJV

“The Green Pass testifies that a person is safe in a certain way,” he added. “So the moment we know that the vaccine loses its effectiveness after a certain period, there’s no justification for giving a green pass to someone who hasn’t gotten another dose.”

Nevertheless, he said, the booster will become a requirement for a Green Pass only when the shot is available to everyone aged 12 and older. Currently, only people aged 30 and up qualify for the third dose. Read More

Newsmax’s Steve Cortes Blasts The Fed For Crushing The Middle Class & Protecting Biden

Written on . Posted in PT Global Economy.

Zero Hedge: Former Fox Business anchor Trish Regan spoke with former investment manager turned White House advisor turned Newsmax host Steve Cortes on her podcast called “American Consequences” about the Federal Reserve decimating the American middle class.

Before Regan spoke with Cortes, she provided readers with a backdrop of the word “transitory” and how The Fed ignores soaring prices of goods and services.

“And he who earns wages,
Earns wages to put into a bag with holes.” Haggai 6:1

Heck, it’s a brilliant strategy by the Fed because if six months from now prices are still increasing, Chair Jerome Powell will merely say inflation remains transitory. Still, in reality, it’s not and becoming more persistent…

Regan asked a very important question during in the intro of the podcast: How long can the middle class handle surging stagflation: soaring gasoline and supermarket prices and barely any real wage growth (on top of new virus restrictions).

She said the 11-14% food price increases at the supermarket are beginning to dent consumer sentiment, adding that middle-class wages adjusted for inflation aren’t going as far as they used to. Many folks are living a different life than they were in pre-COVID times, and they’re becoming furious that the American dream is collapsing in front of their eyes. 

Regan adds a confluence of bad events, such as inflation, souring consumer sentiment, and the Afghanistan withdrawal debacle is damaging people’s perception of the Biden administration. Read More

The disaster in Afghanistan is worse than the fall of South Vietnam

Written on . Posted in PT World Order.

LifeSite News: Just when you thought it couldn’t get any worse, we are now receiving credible reports that over the past 72 hours groups of Americans have been refused entry in Kabul Airport.

Lara Logan, a well-known investigative reporter, tweeted on Saturday that “Most Americans don’t understand what’s happening in Kabul – been on this all night with no end. US citizens are fighting through enemy lines to get to the airport. When they show their blue passport to 82nd [Airborne] soldiers at the gate, many are turned away and sent back to the Taliban.”

“Do not be deceived: God is not mocked, for whatever one sows, that will he also reap.” Galatians 6:7

If you thought that President Joe Biden sent the 82nd Airborne to Kabul to make sure that all Americans were evacuated, you would be mistaken. The vast majority of those who have been evacuated are Afghanis, and now Americans are being left behind. As Logan herself later tweeted, “All that stands between these Americans and safety/home is the US govt and military.”

Logan’s report was independently confirmed by Texas Representative Ronny Jackson, who tweeted on Saturday: “I am furious!! My team has been on the phone all day trying to get AMERICAN CITIZENS out. They have been just outside the airport numerous times, but the State Department WILL NOT help them.”

But of course the buck stops with Biden, as Rep. Dan Crenshaw, himself a former special operator, pointed out: “America, you need to know this: Biden is not letting US citizens through the airport gates. Read More

Disgrace: Pentagon Announces End of the Afghanistan Evacuation, with Hundreds of Americans Left Behind

Written on . Posted in PT Middle East.

(The last U.S. Military plane carrying evacuees out of Afghanistan has taken off)

Breitbart: The Pentagon on Monday announced the completion of the evacuation mission in Afghanistan, the end of the U.S. military presence after nearly 20 years.

Central Command Commander Marine Gen. Frank McKenzie announced in a briefing on Monday that the last U.S. military aircraft has departed from the Hamid Karzai International Airport, where the evacuation was being staged.

“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” Proverbs 11:14 ESV

“I’m here to announce the completion of our withdrawal from Afghanistan, and the end of the military mission to evacuate American citizens, third-country nationals, and vulnerable Afghans,” he said.

“The last C-17 lifted off from Hamid Karzai International Airport on August 30 this afternoon at 3:29 p.m. East Coast time and the last manned aircraft is now clearing the airspace above Afghanistan,” he added.

“Tonight’s withdrawal signifies both the end of the military component of the evacuation mission, but also the end of the 20 year mission that began in Afghanistan that began shortly after September 11, 2001,” he said.

The evacuation was due to end August 31 local time.

McKenzie conceded that hundreds of Americans were left behind in the country. Read More