Federal Reserve’s Digital Dollar Push Worries Wall Street
Fedcoin will replace cash and when that is done, it will replace digital currencies ...
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Yield Curve Control: Another Recipe For Stagnation
Zero Hedge: Central banks do not manage risk, they disguise it. You know you live in a bubble when a small bounce in sovereign bond yields generates an immediate panic reaction from central banks trying to prevent those yields from rising further. It is particularly more evident when the alleged soar in yields comes after years of artificially depressing them with negative rates and asset purchases.
“And I heard a voice in the midst of the four living creatures saying, “A [b]quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Revelation 6:6
It is scary to read that the European Central Bank will implement more asset purchases to control a small love in yields that still left sovereign issuers bonds with negative nominal and real interest rates. It is even scarier to see that market participants hail the decision of disguising risk with even more liquidity.
No one seemed to complain about the fact that sovereign issuers with alarming solvency problems were issuing bonds with negative yields. No one seemed to be concerned about the fact that the European Central Bank bought more than 100% of net issuances from Eurozone states. What shows what a bubble we live in is that market participants find logical to see a central bank taking aggressive action to prevent bond yields from rising… to 0.3% in Spain or 0.6% in Italy.
This is the evidence of a massive bubble. Read More
Could an Arab party play kingmaker in today’s Israeli elections?
JNS: According to the survey, the most qualified candidate for prime minister in the Arab sector is Benjamin Netanyahu, with 24.9 percent support, followed by Ahmad Tibi of the Joint Arab List with 14.3 percent.
“Joseph’s suggestions were well received by Pharaoh and his officials. 38 So Pharaoh asked his officials, “Can we find anyone else like this man so obviously filled with the spirit of God?” Genesis 38:1-2 NLT
Israeli Prime Minister Benjamin Netanyahu’s effort to gain Israeli Arab votes by emphasizing his practical policy towards them by aiding with issues that concern them appears to be gaining traction. He has been seen in the media sitting with Bedouin sipping tea, visiting the Bedouin city of Rahat in the Negev and playing soccer on the beach with Arab children all to court a new swath of voters.
Mansour Abbas, the head of the United Arab List Party (UAL, also known by its Hebrew acronym, Ra’am)—the political branch of the southern branch of the Islamic Movement—broke off from the Arab Joint List of parties after angering them for seeking to improve ties with Netanyahu and the government.
Arik Rudnitzky of the Israel Democracy Institute and Tel Aviv University’s Moshe Dayan Center told JNS that “it appears that many in the Arab public do not believe that the Knesset can further their interests.” Read More
Very bright fireball over Pennsylvania, U.S.
The Watchers: A very bright fireball was recorded over Pennsylvania, U.S. at around 04:25 UTC (00:25 EDT) on March 21, 2021.
The American Meteor Society (AMS) received 263 reports, mostly from Pennsylvania, but users from Connecticut, Washington DC, Delaware, Indiana, Kentucky, Massachusetts, Maryland, Michigan, North Carolina, New Hampshire, New Jersey, New York, Ohio, Tennessee, Virginia, West Virginia and Ontario and Québec, Canada also reported seeing the event.
The meteor was also detected by 3 meteor cameras belonging to the NASA Fireball Network and 2 cameras of the Southern Ontario Meteor Network.
Report: Iran Planned Assassinating U.S. General, Targeting Army Base
Daily Wire: According to senior U.S. intelligence officials, the Iranian theocratic regime planned an attack against the U.S. Army base Fort McNair in Washington D.C. and an assassination attempt targeting Gen. Joseph M. Martin, the Vice Chief of Staff of the U.S. Army, who lives on the base.
In January, the National Security Agency intercepted chatter among members of the terrorist wing of Iran’s Revolutionary Guard, the Quds force, which focused on getting revenge for the U.S. killing of the former Quds leader, Gen. Qassem Soleimani, in Baghdad in January 2020. Those conversations included the idea of “USS Cole-style attacks” against Fort McNair.
On October 12, 2000, the terrorist group al Qaeda attacked the USS Cole, which was stationed in Aden harbor. A small fiberglass boat loaded with C4 explosives and guided by two terrorists exploded as it neared the side of the U.S. ship, slicing a 40-by-60-foot gash in the ship; 17 U.S. Navy sailors were killed and thirty-seven were injured.
Fort McNair is the third oldest Army base in the United States after the United States Military Academy at West Point in New York, founded in 1802, and the Carlisle Barracks in Carlisle, Pennsylvania.
Treasury yields fall following Fed Chair Powell’s comments on the economy
CNBC:
- Fed Chair Powell and Treasury Secretary Janet Yellen are due to make their first joint appearance in front of the U.S. House Committee on Financial Services at 12 p.m. ET on Tuesday.
- In prepared remarks, Powell said that the economic recovery from the pandemic had “progressed more quickly than generally expected and looks to be strengthening.”
- However, he said that the sectors of the economy hardest-hit by the pandemic “remain weak” and the unemployment rate “underestimates the shortfall,” so the recovery still had a long way to go. Read More
Jen Psaki Struggles to Explain Why Migrants Get Hotel Rooms, National Guard Sleeps on Floor
Breitbart: White House press secretary Jen Psaki struggled to explain why President Joe Biden’s administration was considering putting up migrants in hotel rooms.
Psaki did not dispute reports that the Biden administration awarded a Texas-based nonprofit $86 million to provide hotel rooms for six months for approximately 1,200 families who cross the southern border.
Newsmax reporter Emerald Robinson questioned Psaki on why the Biden administration would provide hotel rooms, food, and shelter for migrants even as American national guard troops were forced to sleep on the floor when they protected Capitol Hill.
@KamalaHarris – forced our troops to sleep on the floor of a garage, yet is spending $89 million on hotel rooms for illegals. This would have never happened under the Trump administration.
Leaked Photos Reveal Biden’s Detention Cells for Migrant Children on Border
Breitbart: U.S. Representative Henry Cuellar (D-TX) released a series of leaked photos to Axios showing the deplorable, overcrowded conditions of migrant children being held in South Texas. A short time later, James O’Keefe released additional disturbing photos depicting children having to sleep on floor mats in overcrowded facilities which were rapidly opened amid a worsening humanitarian crisis.
“A false witness will not go unpunished, and he who breathes out lies will perish.” Proverbs 19:9
Congressman Cuellar, who lives along the Texas border with Mexico, told Axios these unaccompanied migrant children are living in eight “pods” designed to hold up to 260 people. However, Border Patrol officials are actually holding more than 400 unaccompanied male minors in the spaces, the Texas congressman said.
The Biden Administration has not allowed news media or Members of Congress to photograph the conditions under which these migrant children are being held. Read More
Iran, Russia and Turkey Signal Growing Alliance
"The Gog Magog Alliance of Nations Come Into View ...
Toyota Warns (Again) About Electrifying All Autos. Is Anyone Listening?
PJ Media: Depending on how and when you count, Japan’s Toyota is the world’s largest automaker. According to Wheels, Toyota and Volkswagen vie for the title of the world’s largest, with each taking the crown from the other as the market moves. That’s including Volkswagen’s inherent advantage of sporting 12 brands versus Toyota’s four. Audi, Lamborghini, Porsche, Bugatti, and Bentley are included in the Volkswagen brand family.
“If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.” James 1:5
When Toyota offers an opinion on the car market, it’s probably worth listening to. This week, Toyota reiterated an opinion it has offered before. That opinion is straightforward: The world is not yet ready to support a fully electric auto fleet.
Toyota’s head of energy and environmental research Robert Wimmer testified before the Senate this week, and said: “If we are to make dramatic progress in electrification, it will require overcoming tremendous challenges, including refueling infrastructure, battery availability, consumer acceptance, and affordability.”
Wimmer’s remarks come on the heels of GM’s announcement that it will phase out all gas internal combustion engines (ICE) by 2035. Other manufacturers, including Mini, have followed suit with similar announcements.
Tellingly, both Toyota and Honda have so far declined to make any such promises. Honda is the world’s largest engine manufacturer when you take its boat, motorcycle, lawnmower, and other engines it makes outside the auto market into account. Honda competes in those markets with Briggs & Stratton and the increased electrification of lawnmowers, weed trimmers, and the like.
King Abdullah the Irrelevant
JNS News: Last week’s fleeting yet existential crisis of relations with the Hashemite Kingdom of Jordan disappeared without a trace. But before we forget all about it, it is important to consider what happened in some depth. Doing so will help us to understand the nature of Israel’s relations with Jordan in the era of the Abraham Accords, which all but ended the Arab-Israeli conflict.
Two events fomented the crisis. First, on March 10, Jordanian Crown Prince Hussein was supposed to visit the Temple Mount in Jerusalem. Arrangements for the visit, including those related to Hussein’s security detail, were assiduously discussed and agreed upon by Israeli and Jordanian officials ahead of time. But as became clear when Hussein and his entourage arrived at the Allenby Bridge Crossing to enter Israel, the Jordanians decided to ignore the agreements. Hussein was accompanied by a personal security force much larger and better armed than anything Israel had agreed to.
Israeli officials at Allenby Bridge reasonably asked that in keeping with the agreement, the prince reduce the size of his security detail. Rather than respect Israel’s position, Hussein went home in a huff. His dad, King Abdullah II, was reportedly enraged when he heard that Israel refused to allow his son to treat its officials and the agreement that had been reached with contempt.
The following day, Abdullah used Prime Minister Benjamin Netanyahu’s planned flight to Abu Dhabi to exact his revenge. Netanyahu was scheduled to fly to Amman on the morning of March 12 and then board a private plane that United Arab Emirates leader Crowned Prince Mohamed bin Zayed was sending to bring him to Abu Dhabi. The Jordanians delayed approving Netanyahu’s flight plans for several hours and so forced the premier to cancel his trip.
Netanyahu-hating commentators in the Israeli media along with Netanyahu’s political rival Defense Minister Benny Gantz were quick to use the canceled trip, and the unpleasantness at Allenby Bridge, to proclaim that through his disrespectful treatment of the Jordanians, Netanyahu had managed to undermine and endanger the peace deals with both Jordan and the UAE.
Much to the dismay of the chattering classes and Netanyahu’s political rivals, later the same day Netanyahu held a press conference where he announced that while it was true that he was compelled to delay his trip due to Jordanian foot-dragging, he would travel to the UAE in the near future. And by the way, he said, the UAE is planning to invest $10 billion in the Israeli economy.
When the media accused Netanyahu of lying, the UAE also announced the $10 billion investment fund. And on Tuesday, Israel Hayom reported that the sides were working to set up a new day for the visit, ahead of this week’s elections. Read More
Equality Act Threatens Religious Freedom, the Safety of Women and Children, and the Unborn
The New American: On St. Patrick’s Day, the Senate Judiciary Committee, chaired by Senator Dick Durbin (D-Ill.), began deliberations on the Equality Act, which threatens religious freedom, the safety of women and children, and the unborn. Yet, to kick off the debate, the senators watched a sentimental propaganda video about the struggles and progress of the LGBTQ movement and the supposed need for the proposed federal legislation to end discrimination and injustice against LGBTQ people.
“Because of this, God gave them over to shameful lusts. Even their women exchanged natural sexual relations for unnatural ones.” Romans 1:26
The Equality Act passed the House on February 25 with the unanimous vote of Democrats and even three Republicans. If it passes the Senate and is signed into law, federal mandate will force women to allow men into their bathrooms and shelters, and likely into their sports and dorms.
Christian charities almost certainly would be forced to hand children over to LGBTQ couples, and Christian hospitals could be forced to perform abortions and sex changes — or close down. And this barely begins to scratch the surface of the destructive mischief this legislation could cause.
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The militant LGBTQ lobby and their political and media allies say that these concerns are exaggerated, the result of right-wing fearmongering. According to the left-wing Center for American Progress, “The Equality Act would benefit many religious people and would not undermine existing religious exemptions in the amended civil rights laws, despite the suggestions of opponents of LGBTQ equality.”
However, as we show below, the Equality Act does indeed represent a deadly blow aimed at American institutions and the very heart of American society. Read More