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The bond market rebels as it adjusts to the Federal Reserve’s inflation policy

CNBC:

  • The bond market had a wild ride on Thursday, reacting to the Fed’s willingness to permit the economy and inflation to run hot as the job market recovers.
  • Strategists say that the market had initially responded to the Fed’s dovishness and forecast for no rate hikes through 2023.
  • By Thursday morning, rising inflation was the top concern. The bond market reacted dramatically to the Fed’s policy to allow it to run above its 2% target.

Chairman of the Federal Reserve Jerome Powell testifies during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress on September 24, 2020, in Washington, DC.

Biden ‘announces’ it’s ‘President Harris’

WND: President Biden, providing an update Thursday about the fight against the coronavirus, announced there is a “President Harris.”

“When President Harris and I took a virtual tour of a vaccination center in Arizona not long ago, one of the nurses on that tour injecting people, giving vaccinations, said that each shot was like administering a dose of hope, a dose of hope,” he said. “That’s how she phrased it.”

The Red State blog called it an “absolute cringe” moment but noted that on at least three occasions last year, either Biden or Harris mistakenly referred to the then-senator as the next president.

https://twitter.com/i/status/1372641119222239233

President Kamala Harris

China Rebukes Biden’s Foreign Policy Team; Cites ‘Black Lives Matter’ on U.S. Human Rights Abuses

Breitbart: Chinese diplomat Yang Jiechi rebuked U.S. Secretary of State Tony Blinken and National Security Advisor Jake Sullivan during a meeting in Anchorage, Alaska, on Thursday, citing the Black Lives Matter movement on U.S. human rights abuses.

The summit was the first bilateral meeting between the two countries under President Joe Biden, who has traditionally been soft on Beijing, and has struggled to balance a desire to break with Trump’s tough policies with the need for a strong stance.

He also claimed that the U.S. had “deep-seated” human rights problems:

China is firmly opposed to U.S. interference in China’s internal affairs … On human rights, we hope the United States will do better on human rights. China has made steady progress in human rights, and the fact is that there are many problems within the United States regarding human rights, which is admitted by the U.S. itself as well. … The challenges facing the United States in human rights are deep-seated. They did not just emerge over the past four years, such as “Black Lives Matter.” It did not come up only recently.

Read More

Nolte: Joe Biden Breaks Promise to Not Raise Taxes on ‘Anybody’ Making Less Than $400K

Breitbart: As a candidate, His Fraudulency Joe Biden pledged not to raise taxes on “anybody” making $400,000 or less. On Wednesday, the White House basically announced Biden had lied. Akshually, the number is more like $200,000.

“If a man vows a vow to the Lord, or swears an oath to bind himself by a pledge, he shall not break his word. He shall do according to all that proceeds out of his mouth.” Numbers 3-:2 ESV

Back in August, during an interview with far-left ABC News, Biden declaratively said, “I will raise taxes for anybody making over $400,000.

“So no new taxes for anyone under $400,000?” the interviewers asked. Biden responds, “No new taxes. There’s no need for new taxes.”

Heed Trump's Warning - POLITICO Magazine

Naturally, Biden was responding to a question about Trump warning people that Biden would raise their taxes — a warning that is now proving to be 100 percent accurate.

My, my, what a difference an election makes… Read More

Ron DeSantis Slams Critical Race Theory and Emphasizes Civics

PJ Media: Florida Governor Ron DeSantis has taken to the state level what parents in many states are fighting at the local level with their school boards. With the pandemic forcing many children to take classes remotely, the nationwide protests and riots during the summer of 2020, and the launch of the 1619 Project, parents have become aware of the radical ideas schools are imparting to their children.

“And He has made from one [a]blood every nation of men to dwell on all the face of the earth, and has determined their preappointed times and the boundaries of their dwellings.” Acts 17:26

“One of the threats involves content based on critical race theory, which claims that America is fundamentally racist and people are either oppressed or oppressors based solely on their racial identity.”

During a press conference in Naples, Florida, DeSantis made clear what schools in Florida would be teaching. It is not any curriculum based on critical race theory.

“Florida’s civics curriculum will incorporate foundational concepts with the best materials, and it will expressly exclude unsanctioned narratives like critical race theory and other unsubstantiated theories,” DeSantis said at a press conference Wednesday in Naples, calling that and other theories “politicized academic fads.”

“Let me be clear, there’s no room in our classrooms for things like critical race theory,” he said. “Teaching kids to hate their country and to hate each other is not worth one red cent of taxpayer money.”

He also announced an incentive for teachers to take training in the statewide civics program. Teachers will receive a $3,000 bonus if they get certified. The curriculum supports graduating seniors taking a civics test similar to those taken in the citizenship process. Some of us are old enough to remember when this was required to graduate, even in left-wing California. Governor DeSantis bringing it back to Florida is fantastic news.

Memo: Biden Administration Aims to ‘Reset’ Relations with the Palestinian Authority

Jewish Press: The Biden-Harris administration is looking to hit the reset button with the Palestinian Authority, including the return to a more traditional (and consistently failed) position on a two-state solution, while rolling back several significant Trump administration positions on Israel.

“The land shall not be sold permanently, for the land is Mine; for you are strangers and sojourners with Me.” Leviticus 25:23

The four-page memo, titled, “The U.S. Palestinian Reset and the Path Forward,” was obtained by The National, an English-language news outlet based in the United Arab Emirates. It was reportedly presented to U.S. Secretary of State Antony Blinken on March 1 by the acting assistant secretary of state for Near Eastern affairs Joey Hood, and drafted by deputy assistant secretary of state for Israeli-Palestinian affairs Hady Amr and his team.

According to the memo, the Biden administration will seek to achieve Israeli-Palestinian peace under a two-state solution framework “based on the 1967 lines with mutually agreed land swaps and agreements on security and refugees.”

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu shake hands after Trump’s address at the Israel Museum in Jerusalem May 23, 2017. REUTERS/Ronen Zvulun

 

While the Trump administration endorsed the concept of a two-state solution, critics considered Trump’s plan for Mideast peace, unveiled in January 2020, as ignoring long-held Palestinian Authority demands and being more favorable towards Israel. Read More

Kerry Caught Not Wearing Mask On Flight. He Claims It Was Only A Moment; Witness Claims That’s Not True.

PJ Media: Democrat John Kerry, the U.S. special presidential envoy for climate, was photographed not wearing a mask today while flying in first class and reading a book.

“A faithful witness does not lie,
But a false witness will utter lies.” Proverbs 14:12

The Tennessee Star reported that Kerry was not eating or drinking when he had his mask off as he waited for the American Airlines flight to take off from Boston to Washington. “He was simply flaunting Biden’s mandatory mask policy.” Read More

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Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds

CNBC:

  • The investment bank told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter.
  • Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG.
  • Morgan Stanley is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes. Read More