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Iranian Presence in Crisis-Ridden Venezuela is Growing

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

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

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

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

5 Great Trump Victories in 2020

President Donald Trump may have lost re-election in one of the strangest and most contested elections in American history, but he achieved a great deal in 2020. While Americans are exhausted by the constant warfare between Trump and the left-leaning legacy media, the president will leave a solid legacy on a great many issues.

The annus horribilis of 2020 was a tough year for the president. He survived impeachment, but Mitt Romney became the first U.S. senator to vote for the removal of a president of his own party. Trump had been warning about China for many years, and while the COVID-19 pandemic proved his warnings correct, it also devasted the economy his policies had helped to strengthen. Trump thought himself lucky to face Joe Biden in the election, but he let himself go too much in the first debate and the legacy media buried Trump’s successes while spewing out almost 100 percent negative coverage.

Even though it seems Biden will replace Trump next month, Republicans picked up seats in the House of Representatives and Trump won more Hispanic and black voters in a powerful rebuke to the Left’s identity politics narrative.

Donald Trump vows support for anti-abortion movement at March for Life rally - CNNPolitics

Despite Trump’s struggles in 2020, he achieved at least five important victories this year.

1. The March for Life

Read More …

Arab communities shattered, as organized crime fuels a skyrocketing murder rate

On December 16, Nimr Suleiman was sitting in a house in al-Reineh with several friends when a group of armed men burst in and opened fire.

Suleiman was hit by a spray of bullets and died on the spot. While his death is still being investigated, it is believed that the intruders had intended to gun down one of his companions.

The killing marked a tragic new record for bloodshed among Israel’s Arab citizens: 90 homicides since the start of 2020. By December 28, the toll had hit 96, representing a harrowing 50 percent jump in the murder rate among Arab Israelis in only four years.

“We’re counting our time in murders,” lamented Joint List MK Mansour Abbas, who directs a parliamentary committee on eliminating organized crime in Arab communities, in early November. Read More

Watch: Democrat Jon Ossoff Promises Illegal Aliens Amnesty at ‘Latinx Meet and Greet’

Georgia Democrat Senate candidate Jon Ossoff vowed amnesty for all illegal aliens “who otherwise follow the law,” if he is elected, in response to a question about immigration during a campaign event Wednesday.

Jon Ossoff event

A self-described Deferred Action for Childhood Arrivals (DACA) recipient from Mexico, who was part of a small crowd gathered in front of Super Mercado La Villa for a “Latinx Meet & Greet” event Wednesday morning, asked Ossoff what he thought about immigration law for Latinos.

Ossoff said, “I will stand with you and all Dreamers, all DACA recipients, because Dreamers are every bit as American as any of us, and I’ll have your back in the U.S. Senate.” Read More

“Rat Poison Squared” Bitcoin Tops $29k, Surpasses Berkshire Hathaway’s Market Cap

Bitcoin surged above $29,000 overnight and, despite a quick dump (that we’ve seen at each big figure break), has stabilized there as mainstream interest and trading activity soars.

And at $539 billion, the largest cryptocurrency surpassed the market cap yesterday of finance giant Berkshire Hathaway, the CEO of which, Warren Buffett, famously likened Bitcoin to “rat poison squared.”

And while crypto may remain “rat poison” to some, CoinTelegraph’s William Suberg notes that bitcoin has posted its highest transaction volume since early 2018 as data points to more and more investors entering the market.

Figures from on-chain analytics resource Digital Assets Data highlights December 2020 as already sparking Bitcoin’s second-largest transaction volumes. Read More

China scores an EU investment deal before Biden takes office — and it wants to do more

  • China and the European Commission announced Wednesday that they finished talks on a “Comprehensive Agreement on Investment” which officials said will give each region’s businesses greater access to the other’s market.
  • The deal was rushed into place and comes before Joe Biden is sworn in as U.S. president. In contrast to the Trump presidency, Biden’s administration is widely expected to work alongside allies such as the EU to manage relations with China.
  • At a late-night press conference on Wednesday, a China Ministry of Commerce spokesman told reporters that China hopes for deals with other countries. Read More

US Flies Nuke-Capable B-52 Bombers To Middle East

The US military flew nuclear-capable B-52 bombers to the Middle East Wednesday, CNN reports.

The purpose of the move, according to a statement from US Central Command, was “to underscore the US military’s commitment to regional security and demonstrate a unique ability to rapidly deploy overwhelming combat power on short notice.”

“The United States continues to deploy combat-ready capabilities into the US Central Command area of responsibility to deter any potential adversary and make clear that we are ready and able to respond to any aggression directed at Americans or our interests,” Gen. Frank McKenzie, the commander of US Central Command, said in a statement.

Wednesday’s flight constitutes the third bomber deployment in the Middle East in the last 45 days, noted CNN. Read More