CNBC: El Salvador has become the first country to adopt bitcoin as legal tender.
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
The price of bitcoin was up 5% to $34,239.17 shortly after the vote.
“The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” the law reads.
Prices can now be shown in bitcoin, tax contributions can be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax. Read More
New York Post: Kamala Harris is playing a historic role in 2021: the nation’s first black, Asian, female vice president to serve as a sacrificial lamb.
Like many other women before her, Harris has been tasked with coming in late to clean up a mess made by her boss. Joe Biden probably wouldn’t do too well in a “Jeopardy!” contest, or even on a circle-a-word puzzle, but he’s smart enough to know that when you’ve got a problem you can’t solve, you should grandly announce a plan to deal with it by … fobbing it off on someone else.
Alas, unlike Barack Obama’s plan to cure cancer by announcing that Joe Biden would cure cancer (yes, that really happened), Biden’s buck-passing set up Harris for a spectacularly visible failure.
When friendly questioner Lester Holt pointed out to Harris that she hadn’t visited the border once, she pulled her trademark move (whenever she gets busted) of breaking into that famously weird dismissive laugh and replied, “And I haven’t been to Europe” Read More
The New American: Vice President Kamala Harris claims the current crisis on the U.S.-Mexico border is largely the result of climate change and the economy. The president of Guatemala, Alejandro Giammattei, says it’s the Biden administration’s immigration policy.
“If a ruler listens to falsehood, all his officials will be wicked.” Proverbs 29:12 ESV
On Sunday, Harris kicked off her first overseas trip since taking office and headed to Guatemala and Mexico in a bid to address “root causes” of migration from those countries.
President Biden tasked Harris with leading the White House response to the unfolding humanitarian crisis at the southern border fueled by migrants predominantly from Guatemala, Honduras, and El Salvador.
Biden also charged his VP with addressing migration’s “root causes” via diplomatic engagements with Central America, which Harris and her team have repeatedly insisted was the cornerstone of her assignment.
Upon her arrival to Guatemala, Harris said that her visit was “a reflection of the priorities that the president and I have placed on this region of our world.” Read More
Zero Hedge: In case we needed more proof that the US labor market is in a historic supply-demand mismatch crisis sparked by Biden’s generous unemployment benefits, a few hours after the latest NFIB showed that it has never been more difficult for small business to fill job openings, moments ago the BLS confirmed what we expected: that the number of job openings in March (recall JOLTS is one month delayed) soared by a record 998K to 9.286MM in April from an upward revised 8.288MM in march, and the highest in the history of US jobs data!
“The soul of the lazy man desires, and has nothing; but the soul of the diligent shall be made rich.” Psalm 127:2
The record number was also a record beat to the already lofty expectations of a 8.2 million print.
Looking at the details, the increase in job openings was driven by a number of industries with the largest increases in accommodation and food services (+349,000), other services (+115,000), and durable goods manufacturing (+78,000). The number of job openings decreased in educational services (-23,000) and in mining and logging (-8,000). The number of job openings increased in all four regions. Read More
Israel 365: Last month, the IDF was tasked with protecting Israelis from a genocidal attack of over 4,000 rockets fired from Gaza targeting civilians. Recent revelations show that this task was made even more difficult by Hamas intentionally inserting military hardware and terrorists inside civilian structures in Gaza.’
The horrific lengths they went to were emphasized when UNRWA admitted that one tunnel used by the terrorists ran directly under one of their schools.
HAMAS RESPONSIBLE FOR THE DEATH AND DESTRUCTION IN GAZA
Last month, the IDF was tasked with protecting Israelis from a genocidal attack of over 4,000 rockets fired from Gaza targeting civilians. Recent revelations show that this task was made even more difficult by Hamas intentionally inserting military hardware and terrorists inside civilian structures in Gaza. The horrific lengths they went to were emphasized when UNRWA admitted that one tunnel used by the terrorists ran directly under one of their schools. Read More
PJ Media: The common thread among all these cities is that they have been in the thrall of Democrats for a very, very long time. When violence erupts like it did last summer, having a bunch of rabid ideologues in charge — no matter what side they’re on — is never the answer. The room is in need of some adults once chaos waltzes in.
“knowing this: that the law is not made for a righteous person, but for the lawless and insubordinate, for the ungodly and for sinners, for the unholy and profane, for murderers of fathers and murderers of mothers, for manslayers.” 1 Tim 1:9
The surreal part, of course, was how the Democrats in Congress reacted to the unrest. Rather than side with law and order, they fully embraced the Marxist lunacy of the Black Lives Matter movement. To be sure, they were almost all the way to a full embrace prior to last summer, but they hadn’t gone in for the deep hug yet. In doing so, they outed themselves as the cop-haters that they’ve been for some time now.
As the Democrats in Congress go, so goes the American mainstream media. The MSM immediately got to work on one of the most ambitious propaganda initiatives I’ve seen in over 20 years of writing about liberal media bias. We were repeatedly assured that the protests were mostly peaceful by “reporters” who were passing along these assurances while on camera and standing in front of burning buildings. There are times when I truly believe that the coastal bubble media elites think that no one in flyover country has cable or the internet.
The outcome of all of this violence was that the pinko idiots who run these cities decided that they should follow BLM’s lead in everything and kneecap law enforcement so all of the “peaceful protests” could continue unabated and ad infinitum. Read More
Arutz Sheva: US Secretary of State Antony Blinken warned on Monday that if Iran continues to violate the 2015 nuclear deal, the “breakout time” it needs to amass enough fissile material for a single nuclear weapon will shrink to weeks.
“Persia, Cush[c] and Put will be with them, all with shields and helmets.” Ezekiel 38:5
“It remains unclear whether Iran is willing and prepared to do what it needs to do come back into compliance,” Blinken told lawmakers, according to Reuters.
“Meanwhile, its program is galloping forward. … The longer this goes on, the more the breakout time gets down … it’s now down, by public reports, to a few months at best. And if this continues, it will get down to a matter of weeks,” he added. Read More
“… And he who earns wages, Earns wages to put into a bag with holes.” Haggai 1:6
The Blackrock CEO – who happens to manage more than The Fed at last check – countered soothing talk that soaring prices are here and gone tomorrow, and said that investors may be underestimating the potential for a spike in inflation.
“Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years. So this is going to be a pretty big shock”, Fink said, his warning falling on deaf ears.
Alas, unlike the Fed, Fink actually know what he is talking about: he began his career at First Boston Corp. in 1976, in during runaway US inflation, with the Consumer Price Index hitting a high of 14.8% in March 1980, and forcing Volcker to hike rates as high as 20%.
Treasury Secretary Yellen was quick to dismiss this fearmongering malarkey by claiming that while she may, possibly, kinda, sorta see higher prices, it will be transitory (because The Fed is awesome) and besides, America… it’s all good!
“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in an interview with Bloomberg. And yes, she really said that.
PJ Media: On May 16, President Biden issued a brief video ostensibly dedicated to expressing his support for the religious freedom of “all” people (though in reality dedicated to only one religious group):
“If you were of the world, the world would love its own. Yetbecause you are not of the world, but I chose you out of the world, therefore the world hates you.” John 15:19
All people should be able to practice their faith with dignity, without fear of harassment or violence. We will defend the right of all, as we stand with you. That’s why I ended this shameful Muslim travel ban. And that’s why this administration will speak out for religious freedom for all people, including Uighurs in China and Rohingya in Burma. We also believe Palestinians and Israelis equally deserve to live in safety and security and enjoy equal measure of freedom, prosperity, and democracy. My administration is going to continue to engage Palestinians and Israelis and other regional partners to work toward sustained calm.
It is hypocritical for Biden to claim that he cares about the religious rights of “all” people — when he clearly means only “all Muslims.” So, too, is it vexing to note that, unlike those whom he totally ignores — for example, the hundreds of millions of Christians currently being persecuted at the hands of Muslims — those Muslims whom he does mention as deserving protection are not exactly innocent. Read More
