Zero Hedge: Treasury Secretary Janet Yellen is speaking at The Atlantic’s “Future Economy Summit” this morning – a speech she pre-recorded yesterday – and has sparked some chaos with her comments.
“The rich ruleth over the poor, and the borrower is servant to the lender.” Proverbs 22:7 KJV
The highlight was this…
“It may be that interest rates will have to rise a little bit to make sure our economy doesn’t overheat”
And this didn’t help…
“We’ve gone for way too long letting long-term problems fester in our economy”
Algemeiner: Jewish community leaders in New York and nationally were outraged on Monday after learning that the man arrested for a string of rock-throwing attacks on synagogues in the Riverdale neighborhood of New York was released by a Bronx judge — just hours after another judge had ruled that he be held on bail.
Jordan Burnette, 29, was arrested Saturday on 42 charges in connection with the spree of attacks, in which over several days he smashed doors and windows at the Riverdale Jewish Center (RJC), Chabad Lubavitch of Riverdale, Young Israel of Riverdale and Conservative Synagogue Adath Israel of Riverdale (CSAIR).
During a Sunday hearing, he was first ordered held on $20,000 bail by Bronx Criminal Court Judge Louis Nock, who said that even under New York state’s bail reform law, the shattering of glass windows could qualify as a violent felony and would justify holding the accused.
But after Burnette’s lawyers asked for a review of the bail ruling, Judge Tara Collins reversed the decision and granted supervised release. Read More
Israel 365: Despite efforts to influence the terms of a new projected deal between Iran and western powers, Israel’s security establishment was disappointed at the outcome of their discussions with their counterparts in Washington reports Walla.
Leading the Israeli envoy was Maj. Gen. Tal Kalman, who was promoted from brigadier general to the Strategy and Third-Circle Directorate, an entirely new position on the General Staff, which focuses primarily on Iran. According to sources in the IDF, Biden is completely determined to return to the 2015 Iran nuclear agreement and to advance a more long-term plan in its wake.
Sources also disclosed that Biden is “obsessed” with sticking to the terms of the old agreement and will announce it in the near future, before June. This will enable Tehran to showcase their “accomplishment” to the Iranian people before their national elections. Read More
Zero Hedge: By now it’s common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challenge to the reserve status of the US Dollar, but is precisely that), however the US is doing everything it can to keep up. And while one wouldn’t get the sense of urgency if one listened to either the Fed chair or the NY Fed president today…
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.: Revelation 13:17
POWELL SAYS HAVE NOT DECIDED WHETHER TO ISSUE A DIGITAL CURRENCY
WILLIAMS SAYS FED IS STUDYING CENTRAL BANK DIGITAL CURRENCIES ACTIVELY AND IS NOT IN A RACE
… on Monday, the nonprofit organization Digital Dollar Project said it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States. Read More
Breitbart: Progressive pro-migration groups have pushed President Joe Biden to announce that he wants to dramatically raise the inflow of refugees up to 62,500 by October 1.
“For whoever keeps the whole law but fails in one point has become accountable for all of it.” James 2:10
Biden’s decision reverses the April 16 announcement of a 15,000 goal for 2021 that was recommended by his advisers, who are concerned that Biden’s poll numbers will be further damaged amid the migration crisis. The 15,000 goal was bitterly denounced by Democrat-affiliated pro-migration groups, including the FWD.us group of investors created by Facebook founder Mark Zuckerberg.
“I now determine, consistent with my Administration’s prior consultation with the Congress, that raising the number of admissions permissible for FY 2021 to 62,500 is justified by grave humanitarian concerns and is otherwise in the national interest,” Biden announced late Monday.
The high goal “sends the important message that the United States remains a safe harbor for some of the most vulnerable people in the world,” Biden’s statement said.
The decision will also help the government and pro-refugee groups boost the refugee inflow to 125,000 migrants next year. That number would be eight times President Donald Trump’s 2021 goal of 15,000 refugees. Read More
JPost: Since the current negotiations among the major powers signatory to the Joint Comprehensive Plan of Action began with Iran and the participation of the US in 2015, I keep reading analyses and reports of a growing mismatch between American and Israeli positions on the US return to the nuclear deal.
I have even been led to imagine that the Biden administration might sacrifice a strong strategic alliance with Israel if it were to oppose his position on returning to the deal.
“And I will turn thee back, and put hooks into thy jaws, and I will bring thee forth, and all thine army, horses and horsemen, all of them clothed with all sorts of armour…” Ezekiel 38:4
There are several Western reports of clear messages from the US, described by some as “surprise orders” for Israel to stop its attempts to derail the ongoing negotiations in Vienna with Iran. Washington may be very concerned by the comments of Foreign Minister Gabi Ashkenazi.
Ashkenazi said his country would “do everything” to ensure that Iran does not have nuclear weapons. Similar – if not harsher – statements were made by Prime Minister Benjamin Netanyahu. Other reports have pointed to a widening gap between American and Israeli positions on how to deal with the Iranian threat.
There may be a lack of trust, transparency and coordination between the two sides. Read More
Zero Hedge: With eBay shares sinking on lackluster earnings guidance from the company’s latest quarterly report released last week, CEO Jamie Iannone decided to spice things up by revealing in the middle of an interview on CNBC that the auction giant was looking into enabling payment in cryptocurrency. He also revealed that eBay is “exploring opportunities” on how to enable selling of NFTs, which have revolutionized the sports memorabilia business.
“They will throw their silver into the streets, And their gold will be like refuse; Their silver and their gold will not be able to deliver them In the day of the wrath of the LORD …”
According to media reports, eBay originally started considering accepting Bitcoin for payments back in 2013, and there have been rumors since, but eBay has been much slower to embrace crypto than its former subsidiary, PayPal, which enabled customers to hold and trade crypto last year.
In a sign that investors might finally be catching on to executives jawboning their shares with talk of crypto-payments, eBay shares are languishing near their lows of the session.
If eBay does follow through with its plans, it would mark the latest US company after former partner PayPal, Square and Tesla all embraced crypto payments, among other firms.
Still, Iannone’s abrupt announcement elicited praise from some investors on twitter. Read More
PJ Media: Iran’s state-run TV network reports that Tehran had negotiated an agreement with the U.S. and Great Britain to release hostages in exchange for unfreezing billions of dollars in Iranian assets.
You will say, ‘I will go up against a land of unwalled villages; I will go to a peaceful people, who dwell [d]safely, all of them dwelling without walls, and having neither bars nor gates.” Ezekiel 38:11
“The Americans accepted to pay $7 billion and swap four Iranians who were active in bypassing sanctions for four American spies who have served part of their sentences,” state TV said.
A state department spokesman, Ned Price, immediately shot down the report.
“Reports that a prisoner swap deal has been reached are not true,” Price said. “As we have said, we always raise the cases of Americans detained or missing in Iran. We will not stop until we are able to reunite them with their families.”
This report is entirely believable given the history of hostage negotiations with Iran. Read More
WND: China expert Gordon G. Chang, a Gatestone Institute distinguished senior fellow, reports that there now are 60 surveillance cameras watching 30 tables, and their occupants, at the Haidilao Hot Pot restaurant in Vancouver, British Columbia, Canada.
“After this I saw in the night visions, and behold a fourth beast, dreadful and terrible, and strong exceedingly; and it had great iron teeth: it devoured and brake in pieces, and stamped the residue with the feet of it …” Daniel 7:7
They’re significant because the images they capture are fed directly to China, as part of the more than 600 million cameras that nation’s Communist regime has installed and operates to monitor the behavior of … everyone.
“Beijing will, at some point, be able to assign a social credit score to just about everyone on the plant,” Chang explains. “Yes, it is true that its officials have yet to overcome the obstacles – mainly bureaucratic – in knitting together a China-wide social credit system for individuals, but it is just a matter of time before they succeed.”
Much of the West hasn’t paid a lot of attention yet to China’s social credit scores.
