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Jerome Powell: The “Most Transformational” Fed Chair Since Volker, Bloomberg Gushes

Written on . Posted in PT Global Economy.

The ignorance surrounding monetary policy in the financial journalism industry has once again hit all time highs (not unlike the NASDAQ), with Bloomberg penning a recent Businessweek article that has crowned Jerome Powell as the Fed’s “most transformational chairman” since Paul Volcker.

Apparently completely unaware that Volcker’s policy prescriptions involved actually needing a backbone to stand up to the public and government discomfort that accompanied undoing an inflationary crisis, Bloomberg has somehow blurred the lines between raising interest rates to 11% and printing trillions of dollars in new money in the course of just months.

Instead, the piece praises Powell as “quick to recognize the economic devastation the coronavirus pandemic could cause” and for responding early. “We crossed a lot of red lines that had not been crossed before,” the article quotes Powell as saying – as if pushing the economy closer to its eventual breaking point at record speeds is something to celebrate. 

2020 Vatican nativity scene meets universal ridicule and scorn

Written on . Posted in PT World Order.

The Vatican nativity scene, unveiled during an evening ceremony today in St. Peter’s Square, has been roundly ridiculed and scorned as a modernist insult to the Incarnation and the Holy Family.

“This year, more than ever, the staging of the traditional space dedicated to Christmas in St. Peter’s Square is meant to be a sign of hope and trust for the whole world,” a Vatican statement about the scene had promised earlier.

Image

(Virgin Mary)

“It has nothing uplifting or transcendent about it. After a year of ugliness, the least they could have done was offer some beauty,” continued Lev in a subsequent Tweet. “This is shapeless, unappealing and unworthy of the joy we are trying [to] muster after this difficult year.”

“And to think a few hundred yards away are Michelangelo masterpieces. Read More

Report: Hackers backed by foreign gov’t hack into U.S. Treasury; been in system for months

Written on . Posted in PT Global Economy.

A foreign government backed hacking group has reportedly stolen information from both the United States Treasury Department and an agency in charge of determining policy related to internet and telecommunications, according to a Reuters exclusive report.

Reuters reported that three people briefed on the situation said the U.S. intelligence community is concerned the hacking group who compromised the Treasury Department and the Commerce Department’s National Telecommunications and Information Administration (NTIA) have also used similar tactics to break into other government agencies.

Suspected Russian hackers spied on US Treasury emails: Report | Cybercrime News | Al Jazeera

“The United States government is aware of these reports and we are taking all necessary steps to identify and remedy any possible issues related to this situation,” said John Ullyot, a spokesman for the National Security Council.

Read More

Guess where the government doesn’t enforce COVID regulations?

Written on . Posted in PT Middle East.

The number of coronavirus diagnoses in Israel continues to climb, but despite the restrictions placed on the majority of the population, designed to minimize contagion, there’s one place in the country where anything goes. Guess where? The Temple Mount.

According to a report in Kan News on Sunday, the government’s coronavirus project manager, Prof. Nachman Ash, admitted in closed discussions that the National Security Agency has decided not to enforce the government’s coronavirus guidelines in the mosques on the Temple Mount.

Ash and Eliasi can be heard admitting that there is basically nothing they can do to enforce the government’s regulations in such a situation with so many people gathered. Ash also notes that Arabs are spreading the virus within Israel when they enter from PA-controlled territories to work within the Green Line or to attend weddings and other social events held in eastern Jerusalem – themselves in contravention of the government’s guidelines.

“There’s no solution to this,” Ash says in the recordings.

The “Return to the Mount” movement issued a statement in response:

“The cat is out of the bag. The Israeli government and the Jerusalem District Police are selling out the health of Israeli citizens in return for a prostration before the Waqf terrorist organization. Read More

Dow futures jump 200 points to start the week on vaccine, stimulus hopes

Written on . Posted in PT Global Economy.

U.S. stock futures moved higher early Monday as markets indicated a rebound from a losing week. Investors were optimistic as the Covid-19 vaccine rollout began and Washington appeared a bit closer to hatching some sort of stimulus this week.

Dow Jones Industrial average futures rose 242 points, or 0.8%. The move pointed to an opening gain of more than 225 points. S&P 500 futures rose 0.7% and Nasdaq 100 futures gained 0.5%.

Stimulus Hopes Are Fading. Here's What Will Happen If It's Not Passed Soon

A bipartisan stimulus plan could be introduced in Congress as soon as Monday, but split into two parts in order to improve its chances of approval Read More

Joe Biden Delivered Egyptian Disinformation to Israel Ahead of Yom Kippur War and Later Lied About It

Written on . Posted in PT Middle East.

In 1973, 30-year-old freshman senator Joe Biden made his first overseas trip to Egypt and Israel. This week, an Israeli historian revealed Biden had passed on disinformation to then-Israeli prime minister Golda Meir, telling her Egypt believed it would be impossible to go to war with Israel — contributing to an Israeli consensus that would end up costing the Jewish state dearly when its neighboring foe caught it unawares a little more than a month later and attacked.

Despite Israel’s victory in the Yom Kippur War, the fact that Egypt caught it by surprise is still an open wound for the country.

Biden met with mid-tier Egyptian officials in Cairo, the highest ranking of whom was the Minister of Propaganda. Hassanein Heikel, then-editor of the semi-official Al-Ahram daily and former minister of information, was also at the meeting, Yigal Kipnis told Israel’s Channel 12 news this week.

Later, the junior senator from Delaware would sit with Israel’s premier, a meeting he often recounts when speaking at Jewish or pro-Israel events, and tell her that the general consensus among the Egyptian officials he met with was that Israel’s military superiority made it all but impossible to consider the option of entering a conflict with it.

“The Egyptians seem to have used Biden’s visit as part of their plan to ‘lull’ Israel into thinking there was no chance of war,” the report said.

According to the government memo, Biden also warned that Israel’s actions in the territories it had captured during the defensive Six Day War six years earlier, including the West Bank and the Gaza Strip, were leading to “creeping annexation,” and suggested unilateral withdrawals. Read More

Yes, Bill Gates said that. Here’s the proof

Written on . Posted in PT World Order.

December 12, 2020 (Children’s Health Defense) — Some chiseler altered Bill Gates’ June 2020 TED Talk to edit out his revealing prediction that we will all soon need digital vaccine passports (slide 1). But after considerable effort, we tracked down the original video (slide 2).

Gates’ minions on cable and network news, his public broadcasting, social media and fact-checker toadies all now insist that Gates never said such things. They say he never intended to track and trace us with subdermal chips or injected tattoos.

They dismiss such talk as “conspiracy theories.”

Well, here it is from the horse’s mouth.

Bill Gates Funds Invisible Quantum Tattoo Hidden In Coronavirus Vaccine For Storing Vaccination History | GreatGameIndia

In 2019, according to a not-yet-purged Scientific American article, Gates commissioned the Massachusetts Institute of Technology to build an injectable quantum dot dye system to tattoo stored medical info beneath children’s skin. The tattoo was designed to be readable by an iPhone app. Read More

Warnock: U.S. Senators ‘Gangsters and Thugs’ Who Aimed to ‘Kill Children’

Written on . Posted in PT World Order.

Georgia Democratic Senate candidate Raphael Warnock described members of the U.S. Senate as “gangsters and thugs” whose votes for a 2017 tax cut exposed their willingness to “kill children.”

The remarks, which have not previously been reported, may provide another opening for Warnock’s Republican opponent, Sen. Kelly Loeffler, who has worked to portray him as a “radical liberal.” Warnock, a pastor at Ebenezer Baptist Church in Atlanta, has come under fire for other controversial statements, including his praise for Rev. Jeremiah Wright’s “God Damn America” speech, his condemnation of Israel, which he likened to apartheid South Africa, and his claim that “America needs to repent for its worship of whiteness.”

In the December 2017 sermon, Warnock slammed members of the Senate for passing the Tax Cuts and Jobs Act of 2017. The tax reform legislation—which reduced tax liability for low- and middle-class Americans last year, according to IRS data—was approved by Congress in December 2017 without a single Democratic vote.

“While others were sleeping, members of the United States Senate declared war, launched a vicious and evil attack on the most vulnerable people in America,” said Warnock. “Herod is on the loose. Herod is a cynical politician, who’s willing to kill children and kill the children’s health program in order to preserve his own wealth and his own power.” Read More

Opinion: Pastor Warnock neglected to mention he is pro abortion.

Donald Trump’s Greatest Legacy: Winning the War on Christmas

Written on . Posted in PT World Order.

President Donald J. Trump didn’t need a second term to make history as one of the most successful U.S. presidents since George Washington. He spent the last four years Making America Great Again while refusing to take a salary and achieved more than enough to secure his place in the history books, if not atop Mount Rushmore.

It is a shame then, that Trump’s greatest legacy as president does not get the attention it deserves. Trump campaigned vigorously in 2016 on a promise to wage a fierce counterattack against Godless liberals in the War on Christmas. Unlike most politicians, Trump kept his promise, and the good guys won the war.

“Let me begin by wishing you all a very Merry Christmas,” Trump told a crowd of supporters in Georgia over the weekend. “Remember the word? Remember we started five years ago and I said, ‘You’re going to be saying Christmas again,’ and we say it proudly again.”

https://youtu.be/EVFNojQhlsM

For four splendid years, the American people have been able to wish each other “Merry Christmas” without fear of being prosecuted—or in some cases executed—by Barack Obama’s Justice Department. Read More

Federal Spending Sets Record Through November; Deficit Second-Highest Ever

Written on . Posted in PT Global Economy.

The federal government spent a record $886,587,000,000 in the first two months of fiscal 2021 (October and November), according to the Monthly Treasury Statement released today.

Federal Spending Sets Record Through November; Deficit Second-Highest Ever | CNSNews

At the same time, the federal government ran a deficit of $429,337,000,000, which is the second highest deficit the federal government has ever run in the first two months of a fiscal year.