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

Written on . Posted in PT Global Economy.

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

Written on . Posted in PT Global Economy.

  • 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

Written on . Posted in PT 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

Chinese State-Run Media Steps Up and Defends Swalwell

Written on . Posted in PT World Order.

There are two kinds of Chinese media: the actual, state-run media that answers to the Chinese Communist Party, and the U.S. and other Western media that rent themselves out to the CCP’s interests. This story focuses on the former.

Axios reported earlier this month that Rep. Eric Swalwell (D-Calif.) had a relationship with a woman who turned out to be a spy for China’s communist government. The full nature of the relationship with Swalwell has not been confirmed, but Fang Fang (or Christine Fang, as she called herself) slept with at least two U.S. mayors and engaged in fundraising and campaign staffing for Swalwell. She established relationships with many California officials as they were on the political rise, according to the Axios report. In 2015, the FBI caught onto her and warned Swalwell about her. This was the same year the House Democrats under Speaker Nancy Pelosi, who had been briefed on the spy and her relationship with Swalwell, elevated him to the House Intelligence Committee.

Swalwell spent the entire Trump presidency blaming Russia for all manner of ills, but never blaming China for anything, even after the CCP attempted to cover up the coronavirus outbreak. This attempted coverup cost the world valuable time and allowed the virus to spread around the globe. More than 200,000 Americans have reportedly died due to the virus. Read More

Hawley Takes Lead On Final Effort To Save Trump

Written on . Posted in PT World Order.

U.S. Sen. Josh Hawley (R-MO) said Wednesday that he will join several House Republicans in objecting to the 2020 Electoral College vote when the results are presented to Congress on January 6.

In a news release, Hawley said he will object “to highlight the failure of some states, including notably Pennsylvania, to follow their own election laws as well as the unprecedented interference of Big Tech monopolies in the election.”

If Hawley or other senators object to each one of those, that action will trigger a process in which each body will debate allegations of voter fraud and election irregularities in each one for two hours apiece, or up to 12 hours.

“Following both the 2004 and 2016 elections, Democrats in Congress objected during the certification of electoral votes in order to raise concerns about election integrity. They were praised by Democratic leadership and the media when they did,” Hawley said. Read More

‘We won’t force vaccine; but here’s what we will do’

Written on . Posted in PT Middle East.

Although Health Ministry Director Hezy Levy yesterday insisted to reporters that “we won’t force people to take a vaccine. Israeli law doesn’t allow for it,” speaking before the Special Knesset Coronavirus Committee chaired by MK Yifat Shasha-Biton, Sheba Medical Center Chief Medical Officer and Chief Innovation Officer Dr. Eyal Zimlichman listed measures that are being planned to “maneuver” the population into vaccinating as a way of regaining freedom of movement.

The issue of how to “motivate” vaccine compliance has generated increasing interest, with commentators such as Mike Cernovich writing: “Government won’t force you to take vaccine. Amazon will. Airlines will. Banks will. You won’t be able to buy, sell, or trade without the vaccine.”

As if underscoring Cernovich’s words, Dr. Zimlichman told the committee: “Another thing that will apparently come into our lives, starting in small numbers already in January which is soon, and that’s the vaccine.

“If we’re discussing how to create motivation for Israeli citizens to vaccinate, I agree, you can’t force the population; it won’t work. We can talk about it until tomorrow, it won’t work.

“What is possible is to create motiv.ation. Whoever is vaccinated will automatically receive ‘green status’. Therefore, you may vaccinate, and receive Green Status to go freely in all the green zones: They’ll open for you cultural events, they’ll open to you the shopping malls, hotels, and restaurants. Read More

Great Reset: Tiny Houses Pushed As Solution To Climate Change

Written on . Posted in PT Global Economy.

Social engineers are pushing tiny 200-sq-ft Ikea houses as the solution to climate change in another example of how our living standards are set to be lowered.

In an article entitled ‘Ikea tiny homes can help fight climate change by giving small footprints a big toehold’, Carl Pope, former head of the Sierra Club, gushes over the micro-homes (basically trailers) that sell for $47,550.

Egg on Their Faces: 10 Climate Alarmist Predictions for 2020 That Went Horribly Wrong

Written on . Posted in PT World Order.

Long before Beto O’Rourke claimed the world only had 10 years left for humans to act against climate change, alarmists had spent decades predicting one doomsday scenario after another, each of which stubbornly failed to materialize. It seems climate armageddon has taken a permanent sabbatical.

Many of those doomsday predictions specifically mentioned the annus horribilus of 2020. Those predictions also failed, some rather spectacularly.

Steve Milloy, a former Trump/Pence EPA transition team member and founder of JunkScience.com, compiled ten climate predictions for 2020 that fell far off the mark.

climate change alarmist prediction 2020

In 1987, the Star-Phoenix in Saskatoon, Saskatchewan, Canada, quoted James Hansen of NASA’s Goddard Institute for Space Studies in New York. His model predicted an average temperature increase of “between one-half and one degree Celsius by the end of the ’90s.”

“And within 15 to 20 years of this, the earth will be warmer than it has been in the past 100,000 years,” Hansen said. According to the Star-Phoenix, his model predicted that “by the year 2020 we will experience an average temperature increase of around three degrees [Celsius], with even greater extremes.”

Milloy cited former NASA climatologist Roy Spencer, whose data suggest global temperatures have risen 0.64 degrees Celsius since 1987. The National Oceanic and Atmospheric Association (NOAA) shows an increase of about 0.5 degrees Celsius from 1987.

Best Decade Yet: Humanity Grew Richer and More Sustainable in the 2010s.
See 9 more here

The Energy Sector To Watch In 2021

Written on . Posted in PT Global Economy.

The year 2020 has been unusually volatile for the U.S. financial market, but more so for the energy sector thanks to nationwide lockdowns and subsequent fuel demand destruction. It’s become a recurring theme, but the oil and gas sector has again emerged as the worst performer among America’s 11 sectors for the 11th straight year.

Indeed, Refinitiv data shows that the S&P 500 earnings growth rate would have only declined 2.3% when you exclude the energy sector instead of the 6.5% when you include it. That’s quite damning for the index’s smallest sector, representing just 2.3% of the index in aggregate market cap weighting.

But that does not automatically mean that the sector has become totally uninvestable.

In fact, here’s a big secret: Not only has the Energy Select Sector SPDR Fund (XLE) climbed 23% over the past one-and-a-half months, but in today’s battered energy sector, the best place to be is at the end of the line – the gas pump.  Read More

Terror, Terror, Terror – remains Fatah’s motto for 2021

Written on . Posted in PT Middle East.

Fatah publishes video from terror rally

Abbas’ Fatah movement released a video this week of one of last year’s terror parades. While Fatah usually marches every year around January 1st to celebrate the movement’s first terror attack in 1965, possible COVID-19 restrictions that will prevent such marches might have made Fatah decide to publish this video of one of last year’s parades. The 30-minute video shows a terror parade in the streets of Salfit. Fatah members/supporters parade with automatic rifles and guns. As background to the video, Fatah added a song with a “pledge to the revolution” – a “pledge to Allah” that Fatah “will never leave”:

Read More