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IDF prepares for possible missile, drone strikes from Yemen

Written on . Posted in PT Middle East.

The IDF last week initiated preparations for possible attacks that could include missile and drone strikes by Iraqi militias and Houthi groups in Yemen, reports Kan News.

The report comes as Iranian Foreign Minister Mohammad Javad Zarif claimed intelligence from Iraq indicates Israeli agents are inciting proxy attacks against Americans.

IDF Spokesman Hidai Zilberman last week told a Saudi paper that Israel was not aware of specific Iranian plans to attack Israel, but that Iranian forces may carry out an attack from Iraq or Yemen. Read More

US Housing Enters 2021 In A Massive Bubble

Written on . Posted in PT Global Economy.

On December 16, Fed Chair Jerome Powell was specifically asked if he is seeing any signs of “valuation pressures” in the US housing market which according to the latest Case Shiller data was surging at the fastest pace in 6 years.

Predictably, Powell was not concerned about the recent surge in home prices and he said as much during the Q&A: “I would say from a financial stability standpoint, housing prices are not of a level of concern right now. That’s just reflective of a lot of demand. And builders are going to bring forth supply…. Housing prices themselves are not a financial stability concern at the moment. We will watch that carefully. But in the near term, I wouldn’t think that that’s an issue that we’d be concerned about.”

Needless to say, we disagree because one place where the trillions in newly created liquidity has ended up…

US, Gulf Allies Brace for Iran Terror Attacks as Tehran Promises Revenge on Anniversary of Soleimani killing

Written on . Posted in PT Middle East.

  • Analyst: Iranian terror strike against the US or one of its allies in the Gulf or in Yemen is “highly possible.”

JEDDAH: The US and its Gulf allies have been warned to prepare for Iran-led terror attacks after Tehran ramped up threats of revenge on the eve of the first anniversary of the killing of Iranian military leader Qassem Soleimani.

With tensions between the US and Iran escalating in the region, Esmail Qaani, chief of the Islamic Revolutionary Guard Corps (IRGC) and Soleimani’s successor, on Thursday threatened to take revenge and kill US President Donald Trump and other officials.

See crowds in Iran chant 'Down with the US' at Qasem Soleimani funeral - CNN Video

Soleimani was killed in a US drone strike on Jan. 3 last year after his convoy was attacked outside Baghdad airport. Read More

Nancy Pelosi Bans ‘Gender’ Terms Like Mother, Daughter, Father, Son in House Rules

Written on . Posted in PT World Order.

House Speaker Nancy Pelosi (D-CA) and Rules Committee Chairman James McGovern (D-MA) unveiled the rules for the 117th Congress on Friday, which contain “future-focused” proposals, including the elimination of gendered terms, such as “father, mother, son, and daughter.”

“This package, which will be introduced and voted on once the new Congress convenes, includes sweeping ethics reforms, increases accountability for the American people, and makes this House of Representatives the most inclusive in history,” said the House Committee on Rules in a statement.

House Speaker Pelosi went on to say she is “pleased to join Chairman Jim McGovern in introducing this visionary rules package, which reflects the views and values of the full range of our historically diverse House Democratic Majority.” Read More

Iranian Presence in Crisis-Ridden Venezuela is Growing

Written on . Posted in PT Middle East.

Venezuela remains the center of Iranian ambitions in Latin America, a top official from the Organization of American States (OAS) told The Algemeiner this week.

In an extensive interview, David Smolansky — the OAS General Secretariat’s Commissioner tasked with responding to the growing humanitarian crisis facing migrants fleeing economic breakdown and political repression in Venezuela — warned that Iran was at the center of a “criminal hub” in the region.

“In Venezuela, Iran has found a synergy with Cuban intelligence, along with the presence of Russia and China and Turkey, in helping the regime of [Venezuelan President Nicolas] Maduro to evade sanctions,” Smolansky said. “It’s dangerous.” Read More

More weakness seen as dollar posts worst year since 2017

Written on . Posted in PT Global Economy.

NEW YORK (Reuters) -The dollar posted its biggest yearly loss since 2017 on Thursday, capping off a manic year that saw the currency serve as a safe haven in March when panic over the spread of COVID-19 in the United States peaked, before dropping on unprecedented Federal Reserve stimulus.

The greenback soared to a three-year high of 102.99 against a basket of currencies in March, before ending the year at 89.96, down 6.77% on the year and 12.65% from its March high.An improving global economic outlook as COVID-19 vaccines are rolled out, rock-bottom U.S. interest rates and ongoing Fed bond purchases have dented the dollar’s appeal.

Expectations of additional fiscal stimulus and rising fiscal and current account deficits are additional headwinds that are likely to hurt the U.S. currency over the coming year. Read More

There is no greater freedom than in Zion

Written on . Posted in PT Middle East.

In my life as a journalist, I’ve been moved to tears three times. The first was in 1991 during Operation Solomon, when I saw my brethren, the Jews of Ethiopia, kissing the ground as they stepped off a Hercules plane that might have been the last to return from the mission.

A few months later, in the city Raydah in Yemen, I saw my brothers, Yemenite Jews with their long sidelocks, in the market. A few years later they arrived in Israel secretly, via Jordan, and once again, they kissed the ground, and I was moved to tears a second time.

And the third time was yesterday, when a Jewish brother made aliyah after 35 nerve-wracking years. He kissed the ground, too.

ECB’s Weidmann says do not expect central banks to keep interest rates low forever

Written on . Posted in PT Global Economy.

Bundesbank President and hence ECB board member Jens Weidmann in an interview with a German newspaper.

  • We expect Germany’s debt burden during the pandemic to be smaller than during the 2008 financial crisis
  • says he doesn’t expect second coronavirus wave to inflict more economic damage than first wave
  • German government’s emergency fiscal measures must be terminated once crisis unleashed by the pandemic is over
  • says 2021 general election in Germany should play no role in the decision to end or extend economic rescue measures
  • governments should not expect central banks to keep interest rates low forever. Read More