Distinction Matter - Subscribed Feeds

  1. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    S Paul loved his fellow Jews, his 'kinsmen' and believed "the gifts and call of God are irrevocable". He believed that at the End, those among them who had rejected Christ would be brought in to the chosen people. He believed that they were like olive branches which had been cut off so that the Gentiles, wild olive branches, could be grafted in. But, when the fulness of the Gentiles had entered Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com3
  2. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Lex orandi lex credendi. I have been examining the Two Covenant Dogma: the fashionable error that God's First Covenant, with the Jews, is still fully and salvifically valid, so that the call to saving faith in Christ Jesus is not made to them. The 'New' Covenant, it is claimed, is now only for Gentiles. I want to draw attention at this point to the witness of the post-Conciliar Magisterium of theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com13
  3. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    We have seen that the Two Covenant Theory, the idea that Jewry alone is guaranteed Salvation without any need to convert to Christ, is repugnant to Scripture, to the Fathers, even to the post-Conciliar liturgy of the Catholic Church. It is also subversive of the basic grammar of the relationship between the Old and the New Testaments. Throughout  two millennia, in Scripture, in Liturgy, in her Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com7
  4. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    The sort of people who would violently reject the points I am making are the sort of people who would not be impressed by the the Council of Florence. So I am going to confine myself to the Magisterium from the time of Pius XII ... since it is increasingly coming to be realised that the continuum of processes which we associate with the Conciliar and post-Conciliar period was already in operationFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
  5. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    In 1980, addressing a Jewish gathering in Germany, B John Paul II said (I extract this from a long sentence): " ... dialogue; that is, the meeting between the people of the Old Covenant (never revoked by God, cf Romans 11:29) and that of the New Covenant, is at the same time ..." In 2013, Pope Francis, in the course of his Apostolic Exhortation Evangelii gaudium, also referred to the Old Fr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com10
  6. Site: Fr Hunwicke's Mutual Enrichment
    0 sec ago
    Since the Council, an idea has been spreading that Judaism is not superseded by the New Covenant of Jesus Christ; that Jews still have available to them the Covenant of the old Law, by which they can be saved. It is therefore unnecessary for them to turn to Christ; unnecessary for anybody to convert them to faith in Christ. Indeed, attempting to do so is an act of aggression not dissimilar to theFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com11
  7. Site: Henrymakow.com
    0 sec ago
    gates-coupon.jpeg
    During a trip to Hong Kong, the billionaire duo decided to grab lunch at McDonald's. To Gates' amusement, when Buffett offered to pay, he pulled out a handful of coupons.
     


    Warren Buffett is a billionaire. He gets his meaning from making or saving a dime. Most of the super-rich suffer from spiritual poverty.




    Whether we are poor or rich, money holds us prisoner. The rich feel poor because of GREED. No matter how much they have, their identity ("feeling good, important, secure") was forged by a society dedicated to making and spending more money. 



    Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.





    "Enough is a little more than one has."    Samuel Butler


    Updated from May 4, 2022 and Oct. 6 2023
    by Henry Makow PhD

     
    Few people take a rational approach to money. 

    This would involve calculating how much money they need in relation to how much money they have, and how much money they make.

    Rather, people tend to focus on their last 2%. Did their "net worth" increase or derease on a given day?

    Depending on their tax bracket, this may involve their last $100, $1000, $10,000, $10 million or $10 billion. They ignore their big bank balance or stock portfolio. They always feel poor. 

    Money is supposed to free us from material concerns. Paradoxically it does the opposite. We become its prisoners.

    We are satanically possessed. This means we identify with money rather than our Divine soul. We are money rather than God's personal representative on earth. The more money we have, the bigger and better we feel. These values are inculcated by our satanist-controlled mass media.

    I am addressing the roughly 50% of my readers who, according to my Gab poll, have enough or more money than they need. I don't fault the other 50% who don't have enough or are broke for feeling oppressed.

    henry-david-thoreau-wealth.jpg


    Paradoxically the rich suffer from a spiritual impoverishment.

    The more they identify with their money, the smaller they are. The more money they have, the smaller they are.

    In the case of the Illuminati bankers, this inner poverty is toxic. They are a cancer that threatens to destroy mankind.

    They want to "absorb" (their word) all the world's wealth leaving nothing to support humanity. They want it all!

    We're indoctrinated to seek money. Within limits, money is a great motivator and measure.

    I know someone who doesn't have to work. He works because he has nothing else to do, and it makes him feel productive and rewarded.

    Another friend is independently wealthy from investments. He retired a couple of years ago but is returning to his old profession out of sheer boredom.

    PERSONAL

    I am as satanically possessed as anyone. I have had a lifelong struggle with greed. At age 74, I am just starting to master this demon.

    Recently I did the calculation above and realized that I have more money than I'll ever spend.

    My spending habits were formed during eight years as a graduate student living on roughly $10,000 per year. I really don't need or care about material things.

    Paradoxically, this lack of concern for money did NOT stop me from developing a gambling addiction. When I didn't have much money, I didn't care about it. When I sold Scruples to Hasbro in 1986, I became a money manager and thought my game smarts would extend to the stock market. MISTAKE.

    Scruples had been a labor of love. I did it because It was a workshop on everyday morality.

    After my windfall, I became satanically possessed (i.e. GREED.)  If someone asked how I was, I said, "I'll ask my broker."  

    We have to be on guard constantly because the voice in our head often is the devil!

    Then another voice arises from our soul and says, "Cool it, you greedy moron."


    You gamble with money you'll never spend. More or Less. What is the point? You don't even know your balance.

    We have a Mexican cleaning woman who supports an extended family. I have never met a woman whose smile exudes such warmth.

    Surely, these human qualities represent our true riches.

    Money is the lowest common denominator. People today are consumed by money. They are charmless. 

    YouTube is packed full of "how I got rich" stories.

    While the world descends into Communist tyranny or faces a nuclear catastrophe,  they act like money will save them.

    For people who have enough, freedom lies in eschewing money. Just not caring about it.

    Can you do that?

  8. Site: Henrymakow.com
    2 hours 21 min ago



    refugees-toronto.png
    Migrants overwhelming services intended for Canadian homeless
    Replacement thesis in action

    Toronto is the Homeless Capital of Canada...


    Please send links and comments to hmakow@gmail.com

    Viewer comments-"As a Canadian growing up in Toronto for all my life, I am ashamed of what this country has come to. This isn't the Canada and Toronto that I grew up with. I'm so scared of the future. I and many of my college buddies who have just finished college can't find jobs in our fields. Some of my friends are even struggling to find homes. It's absolutely heartbreaking seeing Canada the way that it is now. We need change and we need it NOW."

    -"Pains me so deeply. I work at a Hotel. Without going into detail, we house so many refugees from Sudan, Nigeria, Ukraine etc. completely for free. They are all lovely people for the most part don't mistake my meaning, but I seldom hear of such programs addressing widespread actual Canadian citizen homeless housing, nor have any of the refugees at my Hotel been Canadian citizens born and raised..."

    Makow- Globalism renders citizenship null and void. Globalists are traitors. 
    ----
    Toronto-area shelters full of homeless refugee claimants

    "We are seeing the highest number of refugee claimants that we have ever seen in Canada. We are going to continue seeing the higher numbers, and we need to prepare for that."

    A total of 112,780 refugee claimants entered Canada in the first 10 months of this year, and most of them chose to stay in the Toronto area where shelters are overflowing and affordable housing is almost impossible to find.


    --
    excrement-gentiles.jpeg
    ("You will own nothing and you'll be happy")

    Approximately half of the healthcare workers in a Polish study were found to be averse to taking COVID-19 booster shots, with one of the reasons for this hesitancy being their negative experiences with previous vaccinations.

    --
    Hamas attack only makes sense as a pretext for longstanding Israeli policy of ethnic cleansing.

    The October 7, 2023 "Hamas" Attack was an Israeli False Flag Attack

    The entire Israeli pretext to carry out the ongoing Gaza genocide was based on a well-planned and highly calculated false flag terror attack designed to evoke immediate and intense sympathy from the world community of nations.


    "According to the official story, during a massive rocket barrage by Hamas, thousands of Hamas terrorists penetrated the most secure, most well-guarded, most technologically-advanced border wall in the world, without any real Israeli military response. Then these terrorists rampaged through Israel for the next 7-8 hours before Israel's military finally got around to fighting back (there are reports that Netanyahu ordered the military to stand down for seven hours). We are told that this attack took Israel's world-reknown intelligence agencies completely by surprise. Does that really seem plausible?"

    -

    2024-is-the-most-important-election-in-world-history-v0-m0gnw0n73iyc1.png
    Trump calls for pro-Gaza protests to be SHUT DOWN after being bought off by Zionist moneymen


    All of a sudden, Trump is opposed to free speech and the First Amendment as it pertains to Israel's genocide in Gaza. U.S. Army Ret. Col. Douglas Macgregor also says that Trump has sold out to the Zionist lobby by supporting the $95 billion foreign aid package that Congress sent to Ukraine, Israel and Taiwan.

    -

    Israel will agree to a temporary ceasefire in return for prisoner exchange

    Hamas insists on permanent truce and withdrawal of Israelis from Gaza



    -
    Diversity backfires on Organized Jewry.

    How To Appoint a Commissar (Part 8) - Minouche Shafik

    Columbia University President Minouche Shafik is a carbon copypasta of Claudine Gay and has destroyed another Demoralized DIEvy League institution


    "In 2023, Baroness Shafik was appointed the first female President of Columbia University. Like Claudine Gay, her freshman year has been a dumpster fire. At the time of her coronation, a record 6 of the 8 Demoralized DIEvy League presidents were women. Since then, 2 of the 6 have resigned (Gay and UPenn's Liz Magill) and the other 4 are copypasta clones of each other. They are empty vessels helming sinking ships and hollow institutions.


    -

    Israel-2013-Aerial_21-Masada.jpeg
    73CE - 1000 Jews committed suicide rather than be captured. According to the Sampson Doctrine, Zionists will take us with them.

    The Zionist Psychosis- Israel's Masada Complex



    "One political scientist has referred to this as a "Masada complex," in which the Israeli public imagines itself to be a besieged people facing death, with no option but resistance even to the point of suicide. Indeed, Israeli youth for generations went on pilgrimages to Masada, as part of the country's collective memory of Jewish historical resistance. Generational Holocaust trauma and victimhood are socialized and collectivized in Israel. Perpetual sensitivity to the possibility of Jewish genocide has led to a militaristic society in which the IDF and the political elite are intertwined. For Israelis, statecraft is a redemptive project as much as it is an institutional one, aimed at restoring agency and political self-awareness to the Jewish people, while geopolitics carry a perpetual awareness of the apocalypse. The upshot of all this is a "security concept" fixated on overwhelming military power and anxious about the very survival of the Jewish people."

    -

    Are Jews The Israelites Of The Bible?


    Ashkenazic (and Sephardic) Jews are themselves the Gentiles that many rabbis warn their congregations not to marry. To further the re-branding, they also call themselves Semites or Shemites when they're JAPHETITES, which means they're not Hebrews either. This re-branding is much like the way most of them - if not the majority of them - keep changing their last names every time they settle in a new country. The reason is simple and quite pragmatic. It's a survival mechanism.
    --
    Anti-Semitism Is A trick? Oh Dear!


    However, when one wakes up from the media's induced stupor, one realizes that Jews are themselves the victimizers of the world (see addendum below) who camouflage themselves as victims.

    That's how they a) keep control of the Federal Reserve, and b) preserve the satanic state of Israel - the twin linchpins by which they subdue America, the world's greatest superpower: they wag all US financial institutions using the Fed's domination of the US money supply; while Israel's intelligence agency, the Mossad, spies on American politicians, blackmailing them with their dirty laundry at the same time that AIPAC continuously bribes them, thereby securing Jewish dominion over the US Dollar, the world's current reserve currency.

    -

    Rabbi Levitts.png


    U.S. police have been training with the Israeli military (IDF) for brutal crackdown on free speech in America



    Anti-Semitism


    "The Destruction or Genocide of the entire Hebrew race, otherwise known as the Apocalypse, the Tribulation, the Desolation, the Armageddon, and the End of the Age of the Hebrews as prophesied by Christ.

    "But when you see Jerusalem surrounded by armies, then recognize that her desolation is near. Then those who are in Judea must flee to the mountains, and those who are in the midst of the city must leave, and those who are in the country must not enter the city." Luke 21: 20,21

    "And surely I am with you always, to the very end of the age." Matthew 28:20
    ----

    Top immunology expert warns that everyone who got COVID-19 jabs could die within a few years


    Other leading experts have made similar warnings, with Dr. Geert Vanden Bossche, a world-class virologist, cautioning that a "massive tsunami" of "death" and "chaos" will hit the vaccinated population. He said that it could collapse hospitals and lead to economic, social and financial chaos.

    Bossche believes that people's vaccine-compromised immune systems will lead to a slew of illnesses, and the surge of cancer diagnoses we are seeing now will give way to a more chronic phase that ends with "a hyper-acute phase, a huge, huge wave."

    He explained: "The thing I want your audience to understand, what we will be facing in the hyper-acute Covid crisis that is imminent, is that we will have to build a completely new world..."

    He appears to have no doubt that this is in the cards, stating: "It's very strange for me to make such statements, but I'm not hiding it because I'm two hundred percent convinced that it will happen."

    ---
    reiner-fuellmich-der-rechtsanwalt-wollte-die-groesste-sammelklage-in-der-geschichte-lostreten-und-sammelte-geld-dafuer-777x437.png
    Reiner Fuellmich Speaks Out From Prison In Germany


    "Never in my entire life have I been under such enormous pressure. Six months of preliminary detention in a maximum security prison whose claim to fame, according to other more experienced inmates, is that here they do everything to break you, make you feel utterly powerless and helpless."
    . . .



    Headline 2: Israel, Genocide, Terrorism, And Middle East Wars


    America On A Leash


    The Knee-On-Neck, Long A Staple Of Israel's Occupation Of Palestine

    Insight: Jewish Deception And Destruction

    "The world needs to acknowledge and deal with a number of lies and deceptions concerning today's self-styled Jews, who have arrogantly placed themselves above the rest of humanity by crowning themselves God's chosen people. In the process, they've made a mockery of the spirit of brotherhood our Lord Jesus commanded us to abide in."



  9. Site: PeakProsperity
    3 hours 15 min ago
    Author: davefairtex
    I'm calling this "Normie Awakening Week." And the faster people wake up, the harder the Biden-Handling authoritarians work to create the next fear-inducing crisis. Meanwhile, the economy is stumbling into stagflation, Powell's statements notwithstanding.
  10. Site: non veni pacem
    3 hours 26 min ago
    Author: Mark Docherty

    I was stuck in travel hell yesterday, and missed watching it live for the first time in decades. It’s a family tradition that everyone picks a horse the morning of the race. And what a race it was… won by a flared nostril!

    Spoiler

    >

    Alert

    >

    >

    >

  11. Site: Steyn Online
    4 hours 33 min ago
    In case you missed it, here's how the last seven days looked to Mark...
  12. Site: Euthanasia Prevention Coalition
    5 hours 19 min ago
    Hadamar May 5, 2024Alex Schadenberg
    Executive Director, Euthanasia Prevention Coalition

    I spoke at a conference in Germany on May 4, 2024. Since I was going to Germany I decided to go for few days to visit some of the T-4 euthanasia killing centres.

    On May 1, I first visited the Grafeneck euthanasia memorial since it was the first of the T-4 euthanasia euthanasia centres. Approximately 10,000 people were killed at Grafeneck. On May 2, I visited the Hartheim castle euthanasia memorial where 18,269 people were killed under the T-4 euthanasia program and at least 30,000 people in total were gassed to death.

    On Sunday May 5 I visited the Hadamar euthanasia memorial where at least 10,000 people were killed under the T-4 euthanasia program and approximately 15,000 were killed in total. Canada had approximately 16,000 euthanasia deaths in 2023. I have been reading more about the T-4 euthanasia program because history seems to be repeating itself.

    Hadamar May 5, 2024I will republish from the Hadamar killing centre website which states:

    At the end of 1940, the building of the Hadamar State Sanatorium (Landesheilanstalt Hadamar) was converted into a killing centre. The contracting authority behind this was the organisation responsible for the centrally controlled “adult euthanasia” programme, which was later referred to as the “T4” programme (Aktion T4). The headquarters of this organization was located on the Berlin street address of Tiergartenstraße 4 – hence “T4”.

    Adolf Hitler, Führer and Chancellor of the German Reich, had instructed Karl Brandt, his accompanying doctor, and Philipp Bouhler, head of the Führer’s Chancellery, to carry out the murders. Both men were at the forefront of the “T4” programme.

    The psychiatric hospitals in the German Reich, often referred to as state sanatoriums or convalescent and care homes, first received registration forms, so-called “Meldebögen”, from the health administration of the Reich Ministry of the Interior, in which they had to report on patients.

    On the basis of these registration forms, so-called “Gutachter”, often professors of psychiatry and heads of institutions, were called on as experts to assess the patients and then decided between life and death. Those who were no longer able to work or had been long-term institutional patients or had not heard from relatives in a long time had little chance of survival.

    Bus at HadamarIt was in these killing centres, which had been set up for this specific purpose, that these persons were murdered at the beginning of 1940. The Hadamar killing centre was the sixth and last murder site that was set up during the “T4” programme. The 13th of January 1941 marks the beginning of these murders. These individuals were first moved to “intermediate institutions” where they awaited transport to the Hadamar killing centre.

    The “intermediate institutions” leading to Hadamar were located in Herborn, Weilmünster, Idstein (Kalmenhof), Eltville (Eichberg) in what is today the state of Hesse, Galkhausen (now North Rhine-Westphalia), Andernach, Schauen (now Rhineland-Palatinate) as well as Wiesloch and Weinsberg (now Baden-Württemberg). It was from Düsseldorf-Grafenberg (now North Rhine-Westphalia) and Heppenheim (now Hesse) in particular that patients who were considered Jews according to Nazi racial policy were forcibly taken to Hadamar.

    Hadamar gas chamber.As was done in the other killing centres, a gas chamber and cremation furnaces were set up in the former Hadamar State Sanatorium. The institution was managed by two doctors. During the year of 1941, the killing centre employed a total of about 100 people, including nurses, kitchen staff and administrative personnel.

    Since January 1941, patients had regularly arrived at the Hadamar killing centre on buses operated by the transport company that was in itself a subdivision of the “T4” organisation. These persons then disembarked the bus inside the wooden bus garage that had been built specifically for this purpose. They were then led inside the main building and made to undress in a large hall. Afterwards, administrative staff members checked personal information and one of the killing doctors determined the cause of death that would later appear in the falsified documents.

    Hadamar smoke.It was in the gas chamber in the basement that the persons were then murdered using carbon monoxide. Afterwards, special staff members of the institution incinerated the bodies in the crematorium. Rising above the killing centre, the smoke that ensued from the incineration process could be seen from afar; and, as people of that time reported, one could also smell it.

    The relatives of those murdered received so called “comfort letters” typed by secretaries which included false information about the circumstances of death, the time of death and, sometimes, the place of death. If relatives so requested, they were sent urns. However, these urns did not contain the ashes of their murdered family member.

    By the time the “T4” programme was halted on 24 August 1941, over 10,000 patients had been murdered in Hadamar.

    Wikipedia reports what happened at Hadamar in this manner:

    The clinic in Hadamar, which housed a psychiatric facility, was the last of six facilities set up to implement the programme, with murders commencing in January 1941.  During the first phase of operations (January to August 1941), 10,072 men, women and children were murdered with carbon monoxide in a gas chamber as part of the Nazi "euthanasia" programme.  The gas was obtained in standard cylinders supplied by the chemicals company IG Farben.

    Thick smoke from the hospital crematorium billowed over Hadamar in the summer of 1941, during which the staff celebrated the cremation of their 10,000th patient with beer and wine. Up to 100 victims arrived in post-buses every day. They were told to disrobe for a "medical examination". Sent before a physician, each was recorded as having one of 60 fatal diseases, as "incurables" were to be given a "mercy death". The doctor identified each person with different-coloured sticking plasters for one of three categories: murder; murder & remove brain for research; murder & extract gold teeth.

    Families of the victims were sent "comfort letters" with falsified causes of death. Families could also request a funerary urn, but the ashes were not from their family member.

    Wikipedia explains how the killing continued after the "completion" of the T-4 phase:

    After nearly a year of suspension, the murder of 'undesirables' resumed in August 1942, in what has been termed the "decentralized euthanasia" phase of Aktion T4, where "euthanasia" killings were committed without centralized coordination from Berlin. Resident physicians and staff, headed by nurse Irmgard Huber, directly murdered the majority of these victims, among whom were German patients with disabilities, mentally-disoriented elderly persons from bombed-out areas, "half Jewish" children from welfare institutions, psychologically- and physically-disabled forced labourers and their children, German soldiers, and Waffen SS soldiers deemed psychologically incurable. Because the gas chamber had been deconstructed, the medical personnel and staff at Hadamar murdered almost all of these people by lethal drug overdoses or deliberate neglect and malnutrition.

    Though the war ended in Germany on 8 May 1945, the Nazi extermination institutions continued to murder disabled patients by drugs or depriving them of food. The last known patient murdered at Hadamar was a four-year-old mentally handicapped boy, killed on 29 May 1945.

    During the second "decentralized" phase of Aktion T4, an estimated 4,500 victims were murdered at Hadamar.

    Links to more articles on this topic:
  13. Site: AsiaNews.it
    6 hours 32 min ago
    From the Vatican new call for peace in the Middle East. But also a thought for the 'tormented Ukraine' that 'suffers so much'. Best wishes to the brothers and sisters of the Orthodox Churches for Easter celebrated today, according to the Julian calendar. 'May the Risen Lord comfort the communities that are in trial'.
  14. Site: Novus Motus Liturgicus
    6 hours 33 min ago
    The narratives, teachings, and poetry of Holy Scripture are occasionally enriched with a technique known as the envelope structure (often called inclusio in Biblical studies). The “envelope” is created by a phrase that is repeated at the beginning and end of a literary unit, as in the following example from Psalm 103, which opens and closes with the speaker exhorting himself to praise God:O my Robert Keimhttp://www.blogger.com/profile/02834375772428838593noreply@blogger.com0
  15. Site: PaulCraigRoberts.org
    6 hours 40 min ago
    Author: pcr3

    Georgia Accuses Washington of trying to overthrow the country in order to open a second front against Russia

    Paul Craig Roberts

    It is just as I said, and Putin’s inability to recognize reality and endlessly prolonging the conflict in Ukraine is bringing Russia and the world more trouble.

    Putin’s dithering has now brought the French Foreign Legion to the front lines in Ukraine, and western Ukraine is accumulating NATO troops. As I have emphasized from the beginning, wars need to be quickly won, not extended indefinitely.

    Putin pretends he is engaged in a limited military operation when in fact he is at war with the West.

    The limited operation has spun out of control precisely as I said it would. Now there are Western troops and intelligence services involved, and Russia has to defend against long-range missiles striking deep into Russia while Washington schemes to open a second front against Russia and to separate China from Russia. Utter disaster will be the consequence of Putin’s refusal to win the war. Putin’s dithering has greatly expanded NATO on Russia’s borders with the addition of Finland and Sweden and allowed NATO to plan for war with Russia just as Putin’s dithering over Donbas provided the US with eight years to create a large Ukrainian army. Consequently, Russia’s self-defense now requires the use of nuclear weapons. There is no sign of the West coming to its senses. Putin is relying on a chimera.

    https://www.rt.com/russia/597004-georgian-us-spark-two-revolutions/

  16. Site: PaulCraigRoberts.org
    6 hours 41 min ago
    Author: pcr3

    PCR On Target with Larry Sparano
    How the’ve Grabbed your Money
    The Great Dispossession Part 2
    https://www.youtube.com/watch?v=0hGGUPkVJ_4

  17. Site: PaulCraigRoberts.org
    6 hours 41 min ago
    Author: pcr3

    Has the US Supreme Court Received Orders to Deep-six the First Amendment?

    The Rutherford Institute Explains: https://mailchi.mp/rutherford/scotus-lays-groundwork-for-cops-to-chill-first-amendment-activity?e=c5472441ea

  18. Site: PaulCraigRoberts.org
    6 hours 42 min ago
    Author: pcr3
  19. Site: PaulCraigRoberts.org
    6 hours 42 min ago
    Author: pcr3

    Japan’s Top Cancer Expert Concludes that the Covid “vaccines” have produced turbo cancer and “diseases unheard of”

    We cannot trust the FDA, CDC, NIH, WHO, medical boards, Big Pharma or our own indoctrinated doctors with our health. They have a different agenda.

    https://www.globalresearch.ca/video-oncologist-condemns-mrna-vaccines-evil-practices-science/5856356

  20. Site: PaulCraigRoberts.org
    6 hours 44 min ago
    Author: pcr3

    The American Media Is a Laughing Stock and the Servant of Evil
    https://www.unz.com/article/of-journalists-students-and-power/

    In “The Unconscious Civilization” (House of Anansi, 1995; Free Press, 1997) John Ralston Saul, the Canadian scholar and writer, was early in identifying the disconnection between language, as used in our public discourse, and reality. The expansion of knowledge has not produced an expansion of consciousness, Saul observed. It has instead caused us to take refuge in a universe of illusions wherein clear language becomes a kind of transgression. We render ourselves unconscious. Ideologies substitute for thought.

    The clarity of language used by students protesting the genocide of Palestine violates the requirement that language be used to obscure reality. Thus the protesters are hated.

    China laughs at America. According to this source ( https://www.unz.com ) a reporter on China’s CCTV said “Jews represent a mere 3% of the US population but control more than 70% of its wealth and is US’ most influential minority. Six or seven Jews control 200+ of US’ most influential companies.”

    Is this true? We will never know, because if it is true it is anti-semitic and with the bill just passed by Congress carries a prison sentence.

    Criminalizing speech alleged to be anti-semitic is just the beginning. We are already headed into an educational system where stepping outside what is permissible to think and to speak is punishable.

  21. Site: PaulCraigRoberts.org
    6 hours 46 min ago
    Author: pcr3

    In the West Parents Are Responsible for Children but are denied Control over Children

    Governments hold parents responsible but have taken away parental control. The lack of parental control applies to serious things such as abortion and sex change as well as to pronouns. In the West the level of government intrusion in the family is more oppressive than it was in the Soviet Union.

    https://www.rt.com/news/596990-denmark-relax-abortion-rules/

  22. Site: Novus Motus Liturgicus
    6 hours 57 min ago
    We are very glad to welcome a new contributor to our writing staff, Mr Robert W. Keim, a secular brother of the London Oratory of St Philip Neri, a linguist, and a literary scholar specializing in the poetic and dramatic literature of the English Renaissance. A longtime student of the arts and spirituality of sacred liturgy, Robert teaches university courses in rhetoric, recently completed a new Gregory DiPippohttp://www.blogger.com/profile/13295638279418781125noreply@blogger.com0
  23. Site: AsiaNews.it
    7 hours 28 min ago
    A study sponsored in London by the British and Foreign Bible Society measures the impact of the arrival of more than 200,000 Hong Kongers in the country over the past three years. There are now 18% Christians in the communities, a much higher percentage than in China, Taiwan or Hong Kong. But even among those who are not linked to any religious denomination, interest in Christianity is emerging.
  24. Site: Fr Hunwicke's Mutual Enrichment
    8 hours 50 min ago
    The Ordinariate uses the 'Athanasian Creed' on Ascension Day ... on Trinity Sunday ... S John Baptist ...This wonderful, luminous outpouringof love towards our One and Triune God made its final,disgraceful, exit from the worship of the mainstream church in the 1960s.You may wish to call me wild, or to pigeon-hole me as an extremist; but I feel that the suppression of this credal formula counts asFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.com0
  25. Site: The Catholic Thing
    12 hours 33 min ago
    Author: John M. Grondelski

    In the period just after Christ’s Resurrection, St. Peter speaks to a crowd in Jerusalem about how God had “brought to fulfillment what He had announced beforehand through the mouth of all the prophets, that His Christ would suffer.” (Acts 3:18)

    He made those remarks after having healed a lame beggar “in the name of Jesus Christ” at 3:00 PM – the hour of God’s Mercy – at the Temple’s “Beautiful Gate.”  He also reminds them of their complicity – perhaps as members of the Good Friday crowd in Pilate’s courtyard, certainly as sinners – for having “denied” Christ and “handed Him over” to death.  The mention of denial is also a veiled self-indictment.  But Peter also mitigates their responsibility, having “acted out of ignorance, just as your leaders did.”

    These words represent an extraordinary conversion, almost an exorcism for St. Peter.  This was the man whom Christ called “Satan” and ordered to “get behind me” (Matthew 16:23) for having expressed the wish Jesus not suffer.

    The healing occurred as Peter and John were on their way to afternoon prayer.  Those two – along with brother James – were even more frequently the recipients of an injunction also addressed to the whole apostolic band to keep silent about Jesus’s miracles “until the Son of Man is raised from the dead.”  That call for silence – the “Messianic Secret” – features often in this year’s Sunday Gospels because of its prominence in Mark.

    Jesus’s “Messianic Secret” is neither excessive humility nor a public relations tactic.  Jesus pledges His Apostles to secrecy because He is aware that the “Christ must suffer” as an intrinsic part of His Mission.  But that inescapable reality collided head-on with Jewish expectations (which the Apostles shared) of the Messiah as a glorious victor who vindicates Israel, without the detour through Calvary.

    As Biblical commentator Leopold Sabourin has noted, the Messianic Secret was a necessary, if temporary (“until the Son of Man is raised from the dead”) measure.  Only once Jesus is raised can He be understood as Messiah on His terms.  Until that happens – until their very Jewish expectations of an impassibly victorious Messiah are converted to the reality of a Messiah who dies, and on a cross (Deuteronomy 21:22-23) – Jesus’s Mission will always be impeded by false hopes as much as the “stumbling block” of Peter’s “God forbid!”

    For Peter to move from “no such thing shall ever happen to you” to “His Christ must suffer” is as radical a conversion as the one he demands of his audience.  It is also one Jesus Himself teaches. His exegesis on the road to Emmaus, just as His remedial Old Testament lesson in the Upper Room the first Easter, focused on “how slow of heart [you are] to believe all that the prophets spoke! Was it not necessary that the Messiah should suffer these things and enter into His glory? (Luke 24:25-26, 44-47).

    Peter had to be converted to a new way of thinking about suffering.  So, too, does our age.

    The Ascension of Christ by Pietro Perugino, 1495-1498 [Musée des Beaux-Arts de Lyon, France]

    In one sense, Peter is a very modern man.  Suffering, we are convinced, is something to be avoided.  Suffering is something utterly incompatible with the dignity of the Messiah.

    On the other hand, Peter is a religious Jew.  Suffering is not merely senseless, as our contemporaries might claim. It is a consequence of, a punishment for, sin.  Remember the question of the Apostles on encountering the man born blind?  “Rabbi, who sinned, this man or his parents?”  And while that Jewish heritage also included an innocent sufferer named Job, the drawing of a simplistically straight line between sin and suffering was the far more prevalent “theological paradigm” of the times.

    Modernity requires its own conversion – indeed, its own exorcism – when it comes to suffering.  In several ways, it must be even more thoroughgoing than Peter’s, because he at least recognized that suffering, sickness, sin, and death were all somehow interrelated to the internal disunity and fallen state of human beings.

    The modern world, by contrast, denies the ample evidence of human fallenness before its very eyes, insisting that human beings or at least those who see no need for a Calvary – like “the right side of history” or the “arc of justice” – will automatically set things right.

    In such a world, suffering is senseless.  To the degree its source is internal disunity, it’s only the heavy yoke of our biology offending our “dignity” which human reason can remedy.  “Better, more dignified life through technology” – like Dr. Kevorkian’s death machine or state-sponsored “medical assistance in dying.”  It’s not just reasonable; it’s a human right!

    Peter’s conversion comes from his discovery, even as he cowered under some rock maybe nearby Calvary, that every project of human “dignity” based on “human autonomy” ultimately crashes and burns.  The remedy lies not in “death with dignity,” but in Him who conquered death and all its pre-mortal consequences.  The One who conquered it in suffering, not by avoiding the road to suffering, as Peter once counseled, who gives our suffering, and our ability to “offer it up,” meaning.

    Only He, John Paul II wrote, echoing Vatican II, “fully reveals man to himself” and the meaning of his life.  The meaning of man and his life is not just equally valid choices to be made by autonomous individuals, much less something they can actively “define” as a fundamental act of their freedom, at the “heart of [their] liberty.”

    As we see in Peter, it is a choice between Heaven’s and Hell’s vision of man, the vision of the “Author of Life” (Acts 3:15) versus the Evil One who trafficked in death “from the beginning.” (John 8:44)

    Which brings us back to the choice Yahweh put before Israel and everyman: “I have set before you life and death, the blessing and the curse.  Choose life.” (Dt 30:19).  And, as Jesus told Martha and as Peter now understands – Life is not so much a concept as a Person. (John 11:25; 14:6)

     

    The post Peter’s Exorcism appeared first on The Catholic Thing.

  26. Site: The Unz Review
    14 hours 28 min ago
    Author: Andrew Anglin
    Tom Cotton and Josh Hawley are going to call for these students to have their degrees stripped from them for having dared use the platform they had at graduation to protest the genocide. Personally, I want Cotton and Hawley and the rest of the gang to keep doing exactly what they are doing. I want...
  27. Site: The Unz Review
    14 hours 32 min ago
    Author: Paul Craig Roberts
    It is just as I said, and Putin’s inability to recognize reality and endlessly prolonging the conflict in Ukraine is bringing Russia and the world more trouble. Putin’s dithering has now brought the French Foreign Legion to the front lines in Ukraine, and western Ukraine is accumulating NATO troops. As I have emphasized from the...
  28. Site: The Unz Review
    14 hours 32 min ago
    Author: Andrew Anglin
    France is like 30% Arab. Somehow, they are just as extreme as the United States when it comes to banning people from complaining about Jews slaughtering tens of thousands of children. It’s almost like Jews control the entire Western world. Just for anyone keeping score: both Russia and China – the two countries that we...
  29. Site: Zero Hedge
    17 hours 33 min ago
    Author: Tyler Durden
    Almost Half Of Health Care Workers Hesitant To Take COVID-19 Boosters: Study

    Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

    Approximately half of the health care workers in a Polish study were found to be averse to taking COVID-19 booster shots, with one of the reasons for this hesitancy being their negative experiences with previous vaccinations.

    A man received a dose of the Pfizer COVID-19 vaccine at the Amazon Meeting Center in downtown Seattle, on Jan. 24, 2021. (Grant Hindsley/AFP via Getty Images)

    The peer-reviewed study, published in the Vaccines journal on April 29, examined factors underlying “hesitancy to receive COVID-19 booster vaccine doses” among health care workers (HCW) in Poland. Almost 50 percent of the participants were identified as being wary of the boosters. “Our study found that 42 percent of the HCWs were hesitant about the second booster dose, while 7 percent reported no intent to get vaccinated with any additional doses.”

    As reasons for not vaccinating, participants most frequently highlighted lack of time, negative experiences with previous vaccinations, and immunity conferred by past infections.

    The study involved 69 healthcare workers composed of nurses, midwives, physicians, other health associate professionals, and administrative staff.

    At the time of enrollment, 47 had a history of lab-confirmed COVID-19 infection and 31 had at least one comorbidity, a situation where a person suffers from more than one disease or medical condition at the same time.

    Over 92 percent of study participants received at least one vaccine booster, with 50.73 percent getting two doses. Five out of the 69 HCWs did not take any boosters.

    “Booster hesitancy among health professionals (physicians, nurses, and midwives) was lower than among administrative staff and others. Almost 79 percent of the physicians had received two COVID-19 vaccine booster doses. However, apart from physicians, about half of the HCWs from each occupation group were hesitant about the second booster dose.”

    “The highest number of HCWs without any vaccine boosters was observed among administration personnel.”

    HCWs in the age groups of 31-40 and 41-50 were found to be the most skeptical about taking the second booster shot. Thirty-four out of the 69 HCWs provided reasons for their COVID-19 booster vaccine hesitancy.

    Two of the health care workers who did not take booster shots said their decision was based on their personal experience with the vaccines.

    They reported negative experiences with past COVID-19 vaccination and stated that the natural immunity developed after SARS-CoV-2 infection could protect them against COVID-19, which, overall, does not pose serious health risks,” the study said.

    “Responses from HCWs who received only one COVID-19 booster dose can be categorized into two themes: (i) influences arising from personal perceptions of the COVID-19 vaccine and disease prevention and (ii) issues directly related to vaccination and its safety.”

    Six health care workers reported suffering negative adverse effects after previously taking COVID shots. Four had safety concerns about the vaccines.

    In an earlier study conducted by the researchers, COVID-19 antibody levels among HCWs after receiving the mandatory primary vaccine series were found to have decreased by around 90 to 95 percent within seven months of vaccination. However, “none of the HCWs contracted COVID-19,” it said.

    The current study was funded by the Institute of Bioorganic Chemistry Polish Academy of Sciences. The authors of the study reported no conflicts of interest.

    Vaccine Concerns, Harms

    Other studies have also explored vaccine hesitancy among health care workers. A March 2023 study that looked at HCWs from Cameroon and Nigeria found that COVID-19 vaccine hesitancy was “high and broadly determined by the perceived risk of COVID-19 and COVID-19 vaccines on personal health, mistrust in COVID-19 vaccines, and uncertainty about colleagues’ vaccine acceptability.”

    An April 2022 study found that “a concern for vaccine side effects” and “the belief that the vaccines are inadequately studied” were some of the key reasons for vaccine hesitancy among health care workers.

    A May 2022 analysis at BMJ Global Health warned that indulging in policies like mandatory vaccination “may cause more harm than good.”

    “Current mandatory vaccine policies are scientifically questionable and are likely to cause more societal harm than good,” it said.

    “Current policies may lead to a widening of health and economic inequalities, detrimental long-term impacts on trust in government and scientific institutions, and reduce the uptake of future public health measures, including COVID-19 vaccines as well as routine immunizations.”

    The analysis recommended that vaccines should only be mandated “sparingly and carefully to uphold ethical norms and trust in institutions.”

    During Sen. Ron Johnson’s (R-Wis.) roundtable discussion on COVID-19 vaccines on Feb. 26, researcher Raphael Lataster, associate lecturer at the University of Sydney, claimed that data from Pfizer and Moderna COVID-19 vaccine clinical trials exaggerated the efficacy of the shots.

    The data exaggeration could make an ineffective vaccine have a perceived effectiveness of up to 48 percent, he stated.

    Meanwhile, a Jan. 27 narrative review found that repeated COVID-19 vaccination may end up boosting the likelihood of experiencing COVID-19 infections and other pathologies. Taking multiple vaccine doses could trigger higher levels of IgG4 antibodies and impair activating white blood cells that protect a person from infections and cancers.

    While booster doses have been recommended to enhance and extend immunity, especially in the face of emerging variants, this recommendation is not based on proven efficacy, and the side effects have been neglected,” the paper said.

    In an interview with EpochTV’s “American Thought Leaders” program last year, clinical pathologist Dr. Ryan Cole said that DNA contamination in some of the COVID-19 vaccines could be behind an increase in cancers. He pointed to “turbo cancers,” referring to the phenomenon of cancer symptoms arising faster.

    “Now I’m seeing the solid tissue cancers at rates I’ve never seen ... Patients that were stable, or cancer-free for one, two, five, ten years and their cancer’s back, it’s back with a vengeance and it’s not responding to the traditional therapies,” he said.

    Tyler Durden Sat, 05/04/2024 - 21:00
  30. Site: Zero Hedge
    18 hours 16 sec ago
    Author: Tyler Durden
    Bitcoin Vs. Gold: Who Won The ZeroHedge Debate?

    Friday night’s ZeroHedge Debate explored which is the superior asset: Gold or Bitcoin.

    Arguing in favor of Gold were investor Peter Schiff and NYU economist Nouriel Roubini, who went toe-to-toe with crypto proponents Erik Voorhees, a cryptocurrency entrepreneur and wealth manager Anthony Scaramucci.

    Schiff made the case that Bitcoin cannot be a viable currency because “money needs to be a commodity” and that Bitcoin has no inherent value.

    “It’s not just a unit of account and a medium of exchange. It needs to be a store of value,” he added.

    “[Bitcoin] is no more ‘digital gold’ than if I create an image of a hamburger on a computer screen. That’s not digital food.”

    Does Bitcoin’s transferability give it value?

    Voorhees argued that Bitcoin’s ability to seamlessly cross borders is an example of inherent value.

    “I can send $1 million to Europe in five minutes from my phone.”

    As things heated up, Roubini echoed Sen. Elizabeth Warren (D-MA), suggesting that crypto could be exchanged between a “criminal and a terrorist” and that Bitcoin’s transferability allows for the subversion of Anti-Money Laundering (AML) and Know-Your-Customer (KYC) laws.

    He blasted Voorhees for being too idealistic.

    “Live in your Libertarian cave! That’s not the world we live in.”

    Voorhees then gave his best impression of Socrates, attempting to dissect Roubini’s argument that Bitcoin is not "decentralized."

    Roubini, meanwhile, made the case that Bitcoin mining is controlled by an oligopoly, and that "The Gini coefficient of Bitcoin is worse than North Korea," - a point he's made in the past, suggesting that Bitcoin contributes to income inequality, rather than reducing it.

    One topic the panelists agreed on: inflation is crushing the work class.

    According to Schiff, “there’s only one source of inflation and that’s government.”

    So, who do you think won?

    If you would like to protect yourself from rising inflation, consider checking out this debate's sponsors: Preserve Gold and Bitlayer Labs. ZeroHedge would like to offer a special thank you to each of them for helping to facilitate free speech and open debate.

    Tyler Durden Sat, 05/04/2024 - 20:33
  31. Site: Henrymakow.com
    18 hours 2 min ago
    menorah.jpeg

     


    Before Zionists took over the US government,
    they took over the American Jewish community
    and made it their instrument.


    They silenced Jewish attempts to define

    American Jewish life in non-Zionist terms.

    They believe Jews cannot coexist with non-Jews.





    "Today in America, Jewish culture and even Jewish religion have degenerated into 'Jewish' nationalism, and Jewish philanthropists, Jewish schools, Jewish segregated services, have been all subverted (with a few noble exceptions) into serving...the upbuilding of the 'Jewish homeland'...Moshe Menuhin


    "Oh, my people! They who guide you lead you astray."  (Isaiah 3:12)



    (revised from 2005 and 10/07/23)

    By Henry Makow Ph.D.


    The worst antisemites are Zionists who create antisemitism to dupe  Jews into advancing the Illuminati bankers' plan for world government dictatorship.

    In the past, I have argued that Zionism is a protection racket and conspiracy against Jews.

    Before Zionists took over the US government, they took over the  American Jewish community and made it their instrument.

    They have suppressed the normal cultural/spiritual/political aspirations of US Jews and drafted them to their pernicious cause.

    hurwitz1.gif

    Henry Hurwitz's  Menorah Journal and  Menorah Societies  were  an  attempt  by American Jewry to see itself culturally and spiritually as an end in itself, rather than a support system for the "Jewish homeland."  Zionists suppressed this free and democratic  group, in the same way as they have deprived Americans of their political and cultural freedom.


     THE MENORAH SOCIETY


    Henry Hurwitz started the first Menorah Society at Harvard University in 1906 and its journal The Menorah Journal in 1915. The Menorah movement stood "for the study and advancement of Jewish culture and ideals in America." 

    By the end of the First World War, the movement had expanded to include the Intercollegiate Menorah Association, Summer School, Education Conference and Board of Lecturers.

    Essentially the movement fostered non-dogmatic, non-political study of Jewish history, spirit and culture. It was open to different points of view and initially received support from the central bankers. But when Hurwitz insisted that Judaism had nothing to do with Zionism, and Jews ought to feel perfectly at home in America, the bankers froze the  Menorah movement's Jewish community funding.

    decadence.jpeg

    In 1958,  Hurwitz wrote a friend, "We have had more than one coy proposal from this and that wealthy organization to take us over. Our financial problems would then be solved. And our freedom--that is, our true life--dissolved."  (Menuhin, The Decadence of Judaism in Our Time,  1965. p.366)

    In the Autumn-Winter 1959 issue of the Menorah Journal, Hurwitz describes the effect of "bigotry" i.e. Zionist banker control of organized Jewry.

     "This bigotry strikes beyond one old established independent organization and its magazine, which have perhaps rendered some service to Judaism through more than half a century. 

    "This bigotry poisons the air of Jewish communal life in America. It tries to suppress...the basic American principles of free speech and free press. It penalizes honest analysis [of those] who control the Jewish public tax-exempt philanthropic funds, and hence have the power to enrich favorite organizations, while starving others that do not bend the knees...Thus, they actually hinder here a rational long-view consideration of the best interests of the people of Israel themselves.

     " Moreover, as is well known, a very large proportion of the supposedly voluntary philanthropic donations are extracted from business and professional men on threats of punitive economic and social sanctions. This must be described as what it is--a species of terrorism. Such terrorism has become a most effective technique in large Jewish fundraising." (Menuhin, p. 367)

      Unfortunately, the Menorah movement died with its founder in 1961. Its work was partly continued by the American Council for Judaism, under its dynamic founder Rabbi Elmer Berger (1908-1996.) 

    moshe.jpg

    (l. Menuhin's son is the famous violinist, Jehudi Menuhin.)

    In 1965, Moshe Menuhin, left, characterized American Jewish life in the following terms:

    "Today in America, Jewish culture and even Jewish religion has degenerated into 'Jewish' nationalism, and Jewish philanthropists, Jewish schools, Jewish segregated services, have been all subverted (with a few noble exceptions) into serving...the upbuilding of the 'Jewish homeland'...(468)

    (A measure of this: Moshe Menuhin had to self-publish his book.)

     CONSEQUENCES

    My guess is that American Jewry is about evenly divided: half is  alienated from all things Jewish; half is under the control of organized Jewry, i.e. the central banking cartel. 

    This cartel, synonymous with the name  Rothschild, is behind all major wars and depressions of the past 300 years, behind Communism, Fascism and the Holocaust, behind 9-11 and the bogus war on terror. Nothing in this world happens without money and they control government credit.

    They need to enslave us in order to protect this world monopoly.  Their goal is to remake mankind into a slave race by destroying the basis of our humanity: nationhood, religion (God), race and family.

    This enemy sits at the heart of our political, financial and cultural life. It has co-opted all groups in the same way as it has co-opted Jews. However, organized Jewry is leading the assault on our freedom. 

    They are the real antisemites. They have sacrificed Jews to their agenda before (Communism, Nazism, Zionism)  and will do so again. All Jews will be blamed for the New World Order, even though half are indifferent, and the other half are willing dupes.

    -------


    Proof of Zionist-Nazi Collaboration

    --- Eichmann told another story of his dealings with the Zionist Dr. Rudolf Kastner, which ultimately resulted in the deaths of countless assimilated Hungarian Jews, and the survival of the fittest Zionist Jews for Israel, Jews who were Kastner's friends. Eichmann stated, inter alia, 

     "As a matter of fact, there was a very strong similarity between our attitudes in the SS and the viewpoint of these immensely idealistic Zionist leaders who were fighting what might by their last battle. As I told Kastner: 'We, too, are idealists and we, too, had to sacrifice our own blood before we came to power.' I believe that Kastner would have sacrificed a thousand or a hundred thousand of his blood to achieve his political goal. He was not interested in old Jews or those who had become assimilated into Hungarian society. 

    But he was incredibly persistent in trying to save biologically valuable Jewish blood--that is, human material that was capable of reproduction and hard work. 'You can have the others,' he would say, 'but let me have this group here.' And because Kastner rendered us a great service by helping keep the deportation camps peaceful, I would let his groups escape. After all, I was not concerned with small groups of a thousand or so Jews."--A. Eichmann, "Eichmann Tells His Own Damning Story", Life Magazine, Volume 49, Number 22, (28 November 1960), pp. 19-25, 101-112; and "Eichmann's Own Story: Part II", Life Magazine, (5 December 1960), pp. 146-161; at 146.

     

    Hannah Arendt wrote in her book Eichmann in Jerusalem: A Report on the Banality of Evil, "Of greater importance for Eichmann were the emissaries from Palestine, who would approach the Gestapo and the S.S. on their own initiative, without taking orders from either the German Zionists or the Jewish Agency for Palestine. They came in order to enlist help for the illegal immigration of Jews into British-ruled Palestine, and both the Gestapo and the S.S. were helpful. They negotiated with Eichmann in Vienna, and they reported that he was 'polite,' 'not the shouting type,' and that he even provided them with farms and facilities for setting up vocational training camps for prospective immigrants. ('On one occasion, he expelled a group of nuns from a convent to provide a training farm for young Jews,' and on another 'a special train [was made available] and Nazi officials accompanied' a group of emigrants, ostensibly headed for Zionist training farms in Yugoslavia, to see them safely across the border.)


    ---

    Related -- Rothschilds Keep Jews Mental Prisoners 

    New First Comment from Dan Butler:


    A question, would you say that Hollywood and television's persistent Holocaust and other persecuted Jews narratives are aimed just as much at fostering Jewish paranoia as it is for sustaining European guilt and American sympathy?    


    When I was in college in Illinois, a Jewish student got an acceptance letter to teach at a college in Georgia.  He asked me, "you grew up in the south. Will the KKK burn a cross on my yard?"   He was serious.  At the time I thought it was just funny, but now I wish I'd asked him what stories he'd been told to make him afraid of travelling south of the Mason Dixon line.  


    It seems to me television, some movies, and all magazines contain a lot of propaganda directed at keeping Jews herded inside the proverbial Pale.   Much of it is fear based and just as transparent as the phony 'race war' propaganda that's been aimed at blacks and whites the last few years.  


    On the other hand, the Israeli government tipped it's hand in 2011 with a commercial in Hebrew directed at young Israelis in college in the United States, urging them not to marry American Jews.   The ad was pulled due to complaints from American Jewish groups.    Israel gov removes ads 


  32. Site: Zero Hedge
    18 hours 8 min ago
    Author: Tyler Durden
    Northern Gaza In Grip Of Full-Blown Famine, UN Food Agency Chief Says

    Starting early last month the director of the US Agency for International Development (USAID) Samantha Power informed US lawmakers in Congress for the first time that the population in parts of northern Gaza have begun facing famine. This testimony served to hasten international efforts to more efficiently get aid into the Strip, such as the Pentagon's Gaza pier project, though it didn't put a halt of the Western weapons flowing to Tel Aviv.

    Now, a top UN official has warned the crisis is worse than previously assessed. The head of the United Nations World Food Programme (WFP) Cindy McCain is now warning that northern Gaza is in the midst of a "full-blown famine".

    AFP via Getty Images

    She further said that famine is "moving its way south" in a new NBC News interview set to air Sunday. She described that this is base on the humanitarian office's assessment on the ground.

    "It’s horror. It’s so hard to look at and it’s so hard to hear," McCain told Meet the Press. "What we are asking for and what we continually ask for is a ceasefire and the ability to have unfettered access, to get in safe through the various ports and gate crossings."

    But a ceasefire is unlikely to come for at least a week, given that is how long Israel has just given Hamas to respond in a a fresh ultimatum. "Israel has informed Egyptian mediators that Hamas has one week to agree to a hostage deal or Tel Aviv will begin the invasion of Rafah," AntiWar.com writes. "The Israeli proposal does not offer a permanent ceasefire, and Prime Minister Benjamin Netanyahu has declared the attack on the city will occur with or without the release of hostages."

    Conditions for the civilian population are expected to compound in the south if Israel's military goes through with its planned ground offensive against Rafah.

    "The idea that we will halt the war before achieving all of its goals is out of the question," Prime Minister Benjamin Netanyhu told representatives of hostage families this past Tuesday. "We will enter Rafah and we will eliminate the Hamas battalions there – with or without a deal, in order to achieve the total victory."

    The southern city is packed with some 1.5 million people at this point - with most of these being internally displaced refugees. But Israel says that some final key Hamas battalions and commanders are hiding out in the city, embedded within the civilian population, and that there will be no way to root them out except to send in the IDF infantry.

    In her early April testimony, USAID's Power warned that "Food has not flowed in sufficient quantities to avoid this imminent famine in the south, and these conditions that are giving rise already to child deaths in the north."

    "There's been significant damage during the war; bullet holes, walls missing, roofs not intact" @UNWateridge

    Critical @UNRWA & @WFP mission to expand food distribution in north #Gaza. Agencies working closely to avert famine through meaningful supply despite massive destruction. pic.twitter.com/khMHxOU7qH

    — UNRWA (@UNRWA) May 2, 2024

    Aid officials have warned that in addition to the likelihood of mass deaths, famine would grow in the south of the Strip as well in the wake of a major Rafah assault. The population is so concentrated there that people would have few or no safe places to which to flee for safety. The US has been leaning on Israel to establish a credible civilian evacuation plan, but it's unclear the degree to which this is being realized.

    Tyler Durden Sat, 05/04/2024 - 20:25
  33. Site: Zero Hedge
    18 hours 8 min ago
    Author: Tyler Durden
    Northern Gaza In Grip Of Full-Blown Famine, UN Food Agency Chief Says

    Starting early last month the director of the US Agency for International Development (USAID) Samantha Power informed US lawmakers in Congress for the first time that the population in parts of northern Gaza have begun facing famine. This testimony served to hasten international efforts to more efficiently get aid into the Strip, such as the Pentagon's Gaza pier project, though it didn't put a halt of the Western weapons flowing to Tel Aviv.

    Now, a top UN official has warned the crisis is worse than previously assessed. The head of the United Nations World Food Programme (WFP) Cindy McCain is now warning that northern Gaza is in the midst of a "full-blown famine".

    AFP via Getty Images

    She further said that famine is "moving its way south" in a new NBC News interview set to air Sunday. She described that this is base on the humanitarian office's assessment on the ground.

    "It’s horror. It’s so hard to look at and it’s so hard to hear," McCain told Meet the Press. "What we are asking for and what we continually ask for is a ceasefire and the ability to have unfettered access, to get in safe through the various ports and gate crossings."

    But a ceasefire is unlikely to come for at least a week, given that is how long Israel has just given Hamas to respond in a a fresh ultimatum. "Israel has informed Egyptian mediators that Hamas has one week to agree to a hostage deal or Tel Aviv will begin the invasion of Rafah," AntiWar.com writes. "The Israeli proposal does not offer a permanent ceasefire, and Prime Minister Benjamin Netanyahu has declared the attack on the city will occur with or without the release of hostages."

    Conditions for the civilian population are expected to compound in the south if Israel's military goes through with its planned ground offensive against Rafah.

    "The idea that we will halt the war before achieving all of its goals is out of the question," Prime Minister Benjamin Netanyhu told representatives of hostage families this past Tuesday. "We will enter Rafah and we will eliminate the Hamas battalions there – with or without a deal, in order to achieve the total victory."

    The southern city is packed with some 1.5 million people at this point - with most of these being internally displaced refugees. But Israel says that some final key Hamas battalions and commanders are hiding out in the city, embedded within the civilian population, and that there will be no way to root them out except to send in the IDF infantry.

    In her early April testimony, USAID's Power warned that "Food has not flowed in sufficient quantities to avoid this imminent famine in the south, and these conditions that are giving rise already to child deaths in the north."

    "There's been significant damage during the war; bullet holes, walls missing, roofs not intact" @UNWateridge

    Critical @UNRWA & @WFP mission to expand food distribution in north #Gaza. Agencies working closely to avert famine through meaningful supply despite massive destruction. pic.twitter.com/khMHxOU7qH

    — UNRWA (@UNRWA) May 2, 2024

    Aid officials have warned that in addition to the likelihood of mass deaths, famine would grow in the south of the Strip as well in the wake of a major Rafah assault. The population is so concentrated there that people would have few or no safe places to which to flee for safety. The US has been leaning on Israel to establish a credible civilian evacuation plan, but it's unclear the degree to which this is being realized.

    Tyler Durden Sat, 05/04/2024 - 20:25
  34. Site: The Remnant Newspaper - Remnant Articles
    18 hours 11 min ago
    Author: editor@remnantnewspaper.com (Michael J. Matt | Editor)
    New from Remnant TV... With bishops getting stabbed in the face, a Christian genocide in Armenia, churches burning all over the world, and Catholic priests being hacked to death in Nigeria, why are Republicans making the Bible illegal in the name of stopping… antisemitism? Is anyone going to address the worldwide Christophobia?
  35. Site: Zero Hedge
    18 hours 43 min ago
    Author: Tyler Durden
    California Bill Would Give Black Applicants An Edge In Getting Occupational Licenses

    Authored by Sophie Li via The Epoch Times,

    California lawmakers are considering a bill that would give preference to African American applicants seeking occupational licenses, for such professions as teaching, nursing, counseling, electrical work and others, especially those who are descendants of slaves.

    Assemblyman Mike Gipson, author of AB 2862, said the state’s licensing process poses barriers for African Americans seeking employment, particularly in terms of wage disparities and access to leadership or managerial positions.

    “There has been historical longstanding deficiencies and internal barriers … [for] African Americans seeking professional work, and by prioritizing their applications, we are bridging the gap of professional inequities of under representation and under compensation,” Mr. Gipson said in a bill analysis.

    Under current law, only veterans are eligible for such prioritization.

    Mr. Gipson argued in the analysis that if such priority can be granted to veterans, similar standards should be applicable to African-American applicants.

    “If expediting licensure for veterans does not discriminate, then perhaps prioritizing African American applicants also is not discriminatory,” his statement reads.

    “Nor would a preference for African American applicants violate the equal protection clause of the California Constitution any more than the existing preference for veterans.”

    Supporters of the bill, including the Greater Sacramento Urban League and the California African American Chamber of Commerce, said the legislation addresses historical injustices and “promotes equity and provides opportunities for economic advancement within our community.”

    However, opponents say it is “unconstitutional” and lacks legal backing.

    The Pacific Legal Foundation, a public interest law firm, argues in a statement that both the U.S. and California Constitutions guarantee citizens equal protection under the law, prohibiting the government from treating citizens differently based on race, ancestry, or other protected categories.

    The law firm suggested if the bill were to become law, it would probably not hold up against legal challenges, referencing the Supreme Court’s ruling in Students for Fair Admissions v. Harvard last summer. The court deemed the consideration of an applicant’s race as a factor in admissions decisions unconstitutional.

    They argued that while the constitution allows the government to use race to remedy instances of past discrimination, the bill doesn’t cite any specific California laws that exclude African Americans or that were drafted with the intention of excluding workers needing redress.

    Additionally, they said that introducing race as a factor in the licensing process would exacerbate barriers for many Californians seeking to enter the workforce, particularly low-income workers, who already face numerous challenges.

    The law firm also pointed out that the representation of minority groups within industries often varies, suggesting that prioritizing one group over others would fail to address the root of the problem.

    They argued that if the state were to do so, it should reduce barriers to licensure for all Californians.

    The bill, which will now be heard in the Assembly’s Appropriations Committee, passed the Assembly’s Business and Professions Committee on a 13–2 vote last week.

    If ultimately passed, it would go into effect on Jan. 1, 2029.

    Tyler Durden Sat, 05/04/2024 - 19:50
  36. Site: Zero Hedge
    18 hours 43 min ago
    Author: Tyler Durden
    California Bill Would Give Black Applicants An Edge In Getting Occupational Licenses

    Authored by Sophie Li via The Epoch Times,

    California lawmakers are considering a bill that would give preference to African American applicants seeking occupational licenses, for such professions as teaching, nursing, counseling, electrical work and others, especially those who are descendants of slaves.

    Assemblyman Mike Gipson, author of AB 2862, said the state’s licensing process poses barriers for African Americans seeking employment, particularly in terms of wage disparities and access to leadership or managerial positions.

    “There has been historical longstanding deficiencies and internal barriers … [for] African Americans seeking professional work, and by prioritizing their applications, we are bridging the gap of professional inequities of under representation and under compensation,” Mr. Gipson said in a bill analysis.

    Under current law, only veterans are eligible for such prioritization.

    Mr. Gipson argued in the analysis that if such priority can be granted to veterans, similar standards should be applicable to African-American applicants.

    “If expediting licensure for veterans does not discriminate, then perhaps prioritizing African American applicants also is not discriminatory,” his statement reads.

    “Nor would a preference for African American applicants violate the equal protection clause of the California Constitution any more than the existing preference for veterans.”

    Supporters of the bill, including the Greater Sacramento Urban League and the California African American Chamber of Commerce, said the legislation addresses historical injustices and “promotes equity and provides opportunities for economic advancement within our community.”

    However, opponents say it is “unconstitutional” and lacks legal backing.

    The Pacific Legal Foundation, a public interest law firm, argues in a statement that both the U.S. and California Constitutions guarantee citizens equal protection under the law, prohibiting the government from treating citizens differently based on race, ancestry, or other protected categories.

    The law firm suggested if the bill were to become law, it would probably not hold up against legal challenges, referencing the Supreme Court’s ruling in Students for Fair Admissions v. Harvard last summer. The court deemed the consideration of an applicant’s race as a factor in admissions decisions unconstitutional.

    They argued that while the constitution allows the government to use race to remedy instances of past discrimination, the bill doesn’t cite any specific California laws that exclude African Americans or that were drafted with the intention of excluding workers needing redress.

    Additionally, they said that introducing race as a factor in the licensing process would exacerbate barriers for many Californians seeking to enter the workforce, particularly low-income workers, who already face numerous challenges.

    The law firm also pointed out that the representation of minority groups within industries often varies, suggesting that prioritizing one group over others would fail to address the root of the problem.

    They argued that if the state were to do so, it should reduce barriers to licensure for all Californians.

    The bill, which will now be heard in the Assembly’s Appropriations Committee, passed the Assembly’s Business and Professions Committee on a 13–2 vote last week.

    If ultimately passed, it would go into effect on Jan. 1, 2029.

    Tyler Durden Sat, 05/04/2024 - 19:50
  37. Site: Community in Mission
    18 hours 58 min ago
    Author: Msgr. Charles Pope

    In the Sunday Gospel, Jesus cuts right through the modern Western tendency to place love in opposition with law, and law in opposition with joy. Jesus joins all three concepts and summons us to a new attitude.

    I. Announcement of the Principle – Jesus says, As the Father loves me, so I also love you. Remain in my love. If you keep my commandments, you will remain in my love, just as I have kept my Father’s commandments and remain in his love. I have told you this so that my joy may be in you and your joy might be complete.

    Note how the Lord joins the three concepts of love, law, and joy. This is precisely the opposite of what Western culture does. The best that Western culture will admit of law is that it is a necessary evil; more routinely it is viewed as an unloving imposition by the powerful on the weak, the hierarchy on the laity, the (evil, oppressive, pharisaical) Church on decent people.

    Whereas the modern world disconnects law from love, Jesus links them. How do we both experience and show God’s love? Jesus says that we do so by keeping His commandments. He sets forth a vision whereby we, having experienced God’s love, desire and rejoice in His commands. 

    Again, this is quite contrary to modern notions. According to the modern world, a “loving” God has few or no rules. He merely affirms, encourages, accepts, and includes—or so goes the thinking. If someone is confronted by a moral truth that displeases them, their retort may be as simplistic as “God is love.” It implies that God does mind what we do since he is loving and merciful. It also confuses love with mere kindness. Kindness is an aspect of Love, but so is rebuke and correction. No loving parents will simply affirm bad behavior in their children. They will correct them, and, if necessary punish them because they love them. 

    Jesus too is  surely loving, especially of sinners. He encourages us, he includes the outcast, and so forth, but He also speaks of sin and rebukes it. He embraces the sinner but directs him to “Sin no more.” He sets forth a demanding moral vision even as He shows mercy. In this Gospel, Jesus joins love and the law, saying that the law brings joy. They are not opposed. It is not an either/or, but a both/and. Jesus was not just the “affirmer in chief” who went about saying nothing but pleasant things. He, and his apostles who spoke for him, also speaks against anger, greed, malice, neglect of the poor, divorce, fornication, adultery, impure thoughts, homosexual acts, lack of faith, revenge, dishonesty, the sin of human respect, false and worldly priorities, and countless other matters.

    II. Application of the Principle – The two greatest Commandments that summarize the whole law are to Love God and to love our neighbor. Hence,  to further connect the Law and the Love of God,  we should consider that when we love the Lord, and his love remains in us, that we will love what he loves and who he loves. Hence, with the Lord’s love in us we will love justice, chastity, forgiveness, generosity, and so forth. We will also come to love others more deeply, even those that trouble us. So there comes to us a deep love of the Commandments when we truly love God. We can say, “God has been good to me and I love him. If God wants it, I want it too. If God doesn’t want it neither do I.”  Hence, Jesus says, “If you keep my commandments, you will remain in my love.”

    As for the love of neighbor, here too, the Commandments are essential. They foster a common moral vision that helps us to live together, protect the vulnerable (especially children) and live within accepted boundaries. Good fences make good neighbors and God’s commandments set proper limits and delineate expectations and rights for communal living. Accepting and living the Commandments brings blessings and averts a lot of trouble. We do not keep the Commandments merely for our own sake, but for our families, community, Church and nation. So, keeping the Commandments is a way of loving our neighbor.

    Though some see the Commandments as prison walls, they are not. They are defending walls that keep the wolf and devourer, the devil, away.  This too is a way of showing love for our neighbor. What ever we can do to limit the devil’s influence is a blessing not only for us but for others.

    III. The Animation of the Principle – In the today’s Gospel, not only does Jesus link love to the keeping of the commandments, but also says that the keeping of the commandments leads to joy: I have told you this so that my joy may be in you and your joy might be complete.

    Of this, I am a witness. When I entered the Seminary nearly forty years ago I was poorly catechized (having been largely reared in the 1970s). I don’t think I could even have listed most of the the Ten Commandments. But as I entered I was amazed at the rich legacy of teaching, truth and wisdom that came from the Scriptures and the teachings of the Church I was studying. God’s truth and law made sense, it was practical, good, true and beautiful. I was animated, thrilled in my soul to learn of it and somewhat angry at how much was denied me in the crazy 1970s. In my life now, I rejoice to study God’s law and truth, to preach it and teach it to others. In it are contained saving truths, and truths that explain the purpose of our life. So many today live without real meaning, and they focus on passing things and fads. But God’s Law is tested and true. It has endured because it makes sense and works. I am mindful of the words of Baruch: Happy are we O Israel, for what pleases God is known to us! (Bar 4:4)

    Indeed, O Lord, how I love your law! It is the joy and center of my life. It gives me understanding and purpose. It teaches me your wisdom and summons me to be the man you created me to be. Yes, Lord, it is my immense joy and privilege to proclaim your Law in the great assembly and joyfully announce your wisdom and your decrees. Keep me faithful Lord unto death. 

    The Law of the LORD is perfect,
    reviving the soul;
    the testimony of the LORD is trustworthy,
    making wise the simple.

    The precepts of the LORD are right,
    bringing joy to the heart;
    the commandments of the LORD are radiant,
    giving light to the eyes.

    The fear of the LORD is pure,
    enduring forever;
    the judgments of the LORD are true,
    and altogether righteous.

    They are more precious than gold,
    than much pure gold;
    they are sweeter than honey,
    than honey from the comb.

    By them indeed Your servant is warned;
    in keeping them is great reward.

    Psalm 19: 6-11

    The post On the Paradoxical Connection Between Love, Law and Joy – A Homily for the 6th Sunday of Easter appeared first on Community in Mission.

  38. Site: Zero Hedge
    19 hours 18 min ago
    Author: Tyler Durden
    Cargill Recalls 8 Tons Of Ground Beef At Walmart Stores Nationwide Over Possible E. Coli

    Eight tons of ground beef, processed at a Cargill Meat Solutions plant in Pennsylvania and distributed to Walmart stores nationwide, have been recalled due to potential E. coli contamination. 

    On Wednesday, the US Department of Agriculture's Food Safety and Inspection Service announced that 16,243 pounds of raw ground beef products may be contaminated with E. 

    In recent days, Cargill shipped the raw ground beef to Walmart stores in a wide range of states, including Connecticut, Maryland, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Pennsylvania, Vermont, Virginia, Washington, DC, and West Virginia. 

    The recalled beef from Cargill includes:

    • All Natural Lean Ground Beef with lot code 117 (2.25 pounds)

    • Prime Rib Beef Steak Burgers Patties with lot code 118 (1.33 pounds)

    • Fat All Natural Angus Premium Ground Beef with lot code 117 (2.25 pounds)

    • Fat All Natural Ground Beef Chuck with lot code 118 (2.25 pounds)

    • Fat All Natural Ground Beef Chuck Patties with lot code 118 (1.33 pounds)

    • Fat All Natural Good Beef Sirloin Patties with lot code 118 (1.33 pounds)

    This comes about one month after walnuts sold at Whole Foods were recalled for potential  E. coli contamination. 

    Last month, Trader Joe's recalled fresh basil sold in 29 states and Washington, DC, due to dozens of cases of salmonella. 

    The recent spate of food recalls, including the current ground beef recall, highlights the need for Americans to understand better the sourcing of their food. 

    Here's what X users said about the recall: 

    It was eggs last week, peanut butter the week before that, granola bars before that, who tf is letting this all threw.

    — Godhasreturned (@Godhasreturned_) May 2, 2024

    I wouldn’t eat any meat sold at Walmart regardless

    — Mang (@Manglonian) May 2, 2024

    I can’t believe that many people buy meat there.

    — Mrs.America (@NeoAndTrinity_) May 2, 2024

    That’s what you get for buying meat at Walmart

    — Bobby (@0gbobbyEth) May 2, 2024

    This calls for reevaluating food sources, moving away from big companies, and shifting towards more localized and transparent farming practices. 

    Tyler Durden Sat, 05/04/2024 - 19:15
  39. Site: Zero Hedge
    19 hours 53 min ago
    Author: Tyler Durden
    David Stockman On The $1.3 Trillion Elephant In The Room

    Authored by David Stockman via InternationalMan.com,

    These people have to be stopped!

    We are talking about the nation’s unhinged monetary politburo domiciled in the Eccles Building, of course. It is bad enough that their relentless inflation of financial assets has showered the 1% with untold trillions of windfall gains, but their ultimate crime is that they lured the nation’s elected politician into a veritable fiscal trance. Consequently, future generations will be lugging the service costs on insuperable public debts for years to come.

    For more than two decades these foolish PhDs and monetary apparatchiks drove the entire Treasury yield curve to rock bottom, even as public debt erupted skyward. In this context, the single biggest chunk of the Treasury debt lies in the 90-day T-bill sector, but between December 2007 and June 2023 the inflation-adjusted yield on this workhorse debt security was negative 95% of the time.

    That’s right. During that 187-month span, the interest rate exceeded the running (LTM) inflation rate during only nine months, as depicted by the purple area picking above the zero bound in the chart, and even then by just a tad. All the rest of the time, Uncle Sam was happily taxing the inflationary rise in nominal incomes, even as his debt service payments were dramatically lagging the 78% rise of CPI during that period.

    Inflation-Adjusted Yield On 90-Day T-bills, 2007 to 2022

    The above was the fiscal equivalent of Novocain. It enabled the elected politicians to merrily jig up and down Pennsylvania Avenue and stroll the K-Street corridors dispensing bountiful goodies left and right, while experiencing nary a moment of pain from the massive debt burden they were piling on the main street economy.

    Accordingly, during the quarter-century between Q4 1997 and Q1 2022 the public debt soared from $5.5 trillion to $30.4 trillion or by 453%. In any rational world a commensurate rise in Federal interest expense would have surely awakened at least some of the revilers.

    But not in Fed World. As it happened, Uncle Sam’s interest expense only increased by 73%, rising from $368 billion to $635 billion per year during the same period.  By contrast, had interest rates remained at the not unreasonable levels posted in late 1997, the interest expense level by Q1 2022, when the Fed finally awakened to the inflationary monster it had fostered, would have been $2.03 trillion per annum.

    In short, the Fed reckless and relentless repression of interest rates during that quarter century fostered an elephant in the room that was one for the ages. Annualized Federal interest expense was fully $1.3 trillion lower than would have been the case at the yield curve in place in Q4 1997.

    Alas, the missing interest expense amounted to the equivalent of the entire social security budget!

    So, we’d guess the politicians might have been aroused from their slumber had interest expense reflected market rates. Instead, they were actually getting dreadfully wrong price signals and the present fiscal catastrophe is the consequence.

    Index Of Public Debt Versus Federal Interest Expense, Q4 1997-Q1 2022

    Needless to say, the US economy was not wallowing in failure or under-performance at the rates which prevailed in 1997. In fact, during that year real GDP growth was +4.5%, inflation posted at just 1.7%, real median family income rose by 3.2%, job growth was 2.8% and the real interest rates on the 10-year UST was +4.0%.

    In short, 1997 generated one of the strongest macroeconomic performances in recent decades—even with inflation-adjusted yields on the 10-year UST of +4.0%. So there was no compelling reason for a massive compression of interest rates, but that is exactly what the Fed engineered over the next two decades. As shown in the graph below, rates were systematically pushed lower by 300 to 500 basis points across the curve by the bottom in 2020-2021.

    Current yields are higher by 300 to 400 basis points from this recent bottom, but here’s the thing: They are only back to nominal levels prevalent at the beginning of the period in 1997, even as inflation is running at 3-4% Y/Y increases, or double the levels of 1997.

    US Treasury Yields, 1997 to 2024

    Unfortunately, even as the Fed has tepidly moved toward normalization of yields as shown in the graph above, Wall Street is bringing unrelenting pressure for a new round of rates cuts, which would result in yet another spree of the deep interest rate repression and distortion that has fueled Washington’s fiscal binge since the turn of the century.

    As it is, the public debt is already growing at an accelerating clip, even before the US economy succumbs to the recession that is now gathering force. And we do mean accelerating. The public debt has recently been increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour.

    In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and is on pace to surpass $35 trillion in a little over a month, $37 trillion well before year’s end, and $40 trillion some time in 2025. That’s about two years ahead of the current CBO (Congressional Budget Office) forecast.

    On the current path, moreover, the public debt will reach $60 trillion by the end of the 10-year budget window. But even that depends upon the CBO’s latest iteration of Rosy Scenario, which envisions no recession ever again, just 2% inflation as far as the eye can see and real interest rates of barely 1%. And that’s to say nothing of the trillions in phony spending cuts and out-year tax increases that are built into the CBO baseline but which Congress will never actually allow to materialize.

    What is worse, even with partial normalization of rates, a veritable tsunami of Federal interest expense is now gathering steam. That is because the ultra-low yields of 2007 to 2022 are now rolling over into the current market rates shown above—at the same time that the amount of public debt outstanding is heading skyward. As a result, the annualized run rate of Federal interest expense hit $1.1 trillion in February and is heading for $1.6 trillion by the end of the current fiscal year in September.

    Finally, even as the run-rate of interest expense has been soaring, the bureaucrats at the US Treasury have been drastically shortening the maturity of the outstanding debt, as it rolls over. Accordingly, more than $21 trillion of Treasury paper has been refinanced in the under one-year T-bill market, thereby lowering the weighted-average maturity of the public debt to less than five- years.

    The apparent bet is that the Fed will be cutting rates soon. As is becoming more apparent by the day, however, that’s just not in the cards: No matter how you slice it, the running level of inflation has remained exceedingly sticky and shows no signs of dropping below its current 3-4% range any time soon.

    What is also becoming more apparent by the day is that the money-printers at the Fed have led Washington into a massive fiscal calamity. It is only a matter of time, therefore, until the brown stuff hits the fan like never before.

    *  *  *

    The truth is, we’re on the cusp of an economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming. That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. Click here to download the PDF now.

    Tyler Durden Sat, 05/04/2024 - 18:40
  40. Site: The Orthosphere
    20 hours 4 min ago
    Author: JMSmith

    “Whom will ye, then, that I release to you?
    Jesus Barabbas, called the Son of Shame,
    Or Jesus, Son of Joseph, called the Christ?”

    Henry Wadsworth Longfellow,  The Divine Tragedy (1871)*

    Longfellow here draws on Origen’s remark, in his Commentary on Matthew, that “in many manuscripts it is not contained that Barabbas was also called Jesus, and perhaps rightly so that the name Jesus would not belong to any sinner.”  From this it is supposed that the circumcision name the brigand known as Jesus Bar Abbas was suppressed in later copies of Matthew’s gospel, because pious Christians thought it sacrilegious for the Son of God to share his circumcision name with an infamous criminal.

    Origin’s remark is bolstered by a  marginal note in a seventh-century manuscript of Matthew, attributed to both Chrysostom and Anastasius of Sinai, which states::

    “In some very ancient manuscripts which I came across I found Barabbas himself also called Jesus, so that in these the question of Pilate ran thus—’Whether of the twain will ye that I release unto you?  Jesus Barabbas, or Jesus which is called Christ?”

    The author from whom I have drawn these quotations translates “Jesus bar Abba” as “Jesus, Son of  the Father,” and tells us that “Father” here denotes a revered teacher and spiritual guide.**    Catholics, of course, still address their teachers and guides as Father, and Protestants convey the same meaning with the title Reverend.  So, by this interpretation, the murderous thief Jesus bar Abba may have been a preacher’s kid gone bad.

    Or his name may have a more sinister significance.

    Christians have more often translated Barabbas in the way Longfellow did, as meaning “Son of Shame,” or more completely as “Son of Shame and Confusion.”  This translation is countenanced by at least one secular authority who says that abbas was Hebrew for a foreigner ignorant of both the holy language and God’s law.***  Essentially a savage, a barbarian, or an infidel.  Since Barabbas was almost certainly born a Jew, and not a foreigner, his patronymic on this interpretation is an epithet that branded him an outlaw and pariah.

    The equivalent English idiom would be Son of a Bitch.

    Given the cosmic import of the choice between Jesus 1 and Jesus 2, I am not sure that we cannot accept both explanations of the ruffian’s patronymic.  I am also not sure that those pious Christians were right to suppress Barabbas’s circumcision name.  In fact, I think Longfellow improved on the redacted Scripture when he set down the Question that Pilate put to the Jews.

    “Whom will ye, then, that I release to you?
    Jesus Barabbas, called the Son of Shame,
    Or Jesus, Son of Joseph, called the Christ?”

    Which Jesus, in other words, will you receive into your midst as your spiritual guide? Will it be  Jesus 1, in whom I have found no fault, and whom some have called the Son of God?   Or will it be Jesus 2, in whom I have found very terrible faults, and whom you yourselves have until now called the Son of Shame?

    * * * * *

    Now I must acknowledge that most Christians see Barabbas (circumcision name suppressed) as the type of everyman, since  Jesus died in the place of Barabbas just as he died in the place of every sinner who is saved.  This is how Barabbas is represented in such popular Christian songs as Eldrid Hill’s “Barabbas” and Josiah Queen’s “I am Barabbas.”  In fact, it may implied in Longfellow’s poem, where Barabbas, awaiting execution, reflects,

    “Barabbasis my name,
    Barabbas,the Son of Shame,
    Is the meaning I suppose
    I’m no better than the best
    And whether worse than the rest
    Of my fellow-men, who knows?”

    There is much to be said for Barabbas as the type of everyman, but this strikes me as an undersized interpretation.  There is, for instance, no suggestion that Barabbas was moved to repentant by his gratitude for Christ’s sacrifice.  What is more, when we see Barabbas as the type of all sinners who are saved, we do not see the significance of who actually saved Barabbas.

    * * * * *

    In answer to Pilate’s Question, “Whom will ye, then, that I release to you?”  it is the mob that cries  out (in Longfellow’s version),

    “Not this man, but Barabas!”

    Not Jesus 1, whom some say is the Son of God, but Jesus 2, whom all say is the Son of Shame and Confusion.  Or, if we take Barabbas to mean the Son of the Father, we must suppose they are saying for the Son of the Father of Lies. 

    Thus, when the mob cries out,

    “Not this man, but Barabas!”

    it asks to receive the Son of the Father of Lies as its teacher and spiritual guide.  And the mob immediately follows in the footsteps of its new teacher and guide by murdering an innocent man.

    Pilate: ‘What then will ye
    That I should do with him that is called Christ?

    The People: Crucify him!

    Pilate: Why, what evil hath he done?
    Lo, I have found no cause of death in him;
    I will chastise him, and then let him go.

    The People (more vehemently): Crucify him! Crucify him!”

    * * * * *

    Barabbas is not the type of everyman, but is rather the type of the Antichrist.  He is Jesus 2!.  The type of everyman is the mob who must choose which Jesus wiill be released to do his Father’s work among them.  That mob made its choice, and received into itself the person and spirit of Jesus Barabbas, Jesus, Son of Shane ad Confusion, Jesus the Son of a Bitch.

    Every man who comes after is likewise asked Pilate’s Question:

    “Whom will ye, then, that I release to you?
    Jesus Barabbas, called the Son of Shame,
    Or Jesus, Son of Joseph, called the Christ?”

    And as one old author explains, a great many answer Pilate’s Question one way with their lips and another way in their lives, thereby showing which Jesus they actually follow, which spirit they truly received.  The crowd’s answer, “Not this man, but Barabbas!” was, as one old author put it,

    “A conduct which thousands have reprobated, and yet have in effect generally followed.”†

    *) Henry Wadsworth Longfellow, The Divine Tragedy (Boston: J. R. Osgood and Co., 1872)
    **) Edward Williams Byron Nicholson, The Gospel According to the Hebrews: Its Fragments Translated and Annotated (London: C.K. Paul, 1879), pp. 62, 141-142.
    ***) George Gliddon, Otia Ægyptiaca: Discourses on Egyptian Archaeology and Hieroglyphical Discoveries (London: James Madison, 1846), p. 118.
    †) James Wood, A Dictionary of the Holy Bible, two vols. (New York: Griffin and Rudd, 1813), vol. 1, p 140.

  41. Site: Zero Hedge
    20 hours 28 min ago
    Author: Tyler Durden
    Data Centers Hiding In 'Spy Country' Northern Virginia Will Need Reactor's Worth Of Power

    Since the beginning of the digital age, most of the world's internet data has flowed through massive data centers in Northern Virginia. The area is known as "Data Center Alley" because it's home to the world's largest concentration of data centers. Some call the area 'spy country' because of the number of data centers used by the Central Intelligence Agency and other intelligence agencies. 

    Given the exponential proliferation of smartphones, streaming services, smart devices, and now generative artificial intelligence, the power demanded by data centers in Northern Virginia will need nuclear reactors worth of power, if not much more, according to utility Dominion Energy.

    On Thursday, Chief Executive Officer Bob Blue told investors on a company earnings call that "economic growth, electrification, and accelerating data center expansion" is boosting power demand across the area. 

    Blue said, "The data center industry has grown substantially in northern Virginia in recent years," noting, "We've connected 94 data centers with over 4 gigawatts of capacity over the last approximately five years." 

    Blue expects his utility company to connect another 15 data centers to the local power grid this year. 

    He said, "This growth has accelerated in orders of magnitude, driven by one, the number of data centers requesting to be connected to our system, two, the size of each facility, and three, the acceleration of each facility's ramp scheduled to reach full capacity." 

    He provided some context about rising power demand, pointing out:

    "A single data center typically had a demand of 30 megawatts or greater. However, we're now receiving individual requests for demand of 60 to 90 megawatts or greater, and it hasn't stopped there. We get regular requests to support larger data center campuses that include multiple buildings and require total capacity ranging from 300 megawatts to as many as several gigawatts." 

    Blue told analysts that Loudoun County is home to the "largest data center market in the world, and we have had an opportunity to work with our data center customers for 15 or more years."

    He said the electrification of the economy, in combination with data centers, will only mean "substantial load growth driven by electrification in data centers for the foreseeable future." 

    With substantial load growth coming down the pipe, the local media outlet The Frederick News-Post reported earlier this year that billions of dollars in "regional power grid upgrades" are being proposed to "increase data center power demands in Northern Virginia." 

    Recently, media outlet LoudounNow reported that "hunger for energy continues to grow, especially in the data center industry with new large-scale projects adding hundreds of megawatts of demand." The paper said that this has led government officials to propose "small modular reactors."

    Putting this all together plays into our latest investing theme, 'powering up America' and the upgrade of the nation's grid for AI data centers, electrification of the economy, and reshoring of manufacturing. We titled the notes "The Next AI Trade" and "Everyone Is Piling Into The Next AI Trade." Nuclear will be a big part of power generation as it's the only clean and reliable source for data centers, as Blackrock's Larry Fink pointed out last week. 

    Tyler Durden Sat, 05/04/2024 - 18:05
  42. Site: Zero Hedge
    21 hours 3 min ago
    Author: Tyler Durden
    US Demands Qatar Expel Hamas If Group Rejects Israeli Truce Deal

    Via The Cradle

    US officials have told Qatar to expel Hamas’ political leadership if the Palestinian militant group rejects the latest proposal for a ceasefire with Israel, The Washington Post reports Saturday. A US official speaking on the condition of anonymity with The Post said that US Secretary of State Antony Blinken delivered the message to Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani in April.

    Three diplomats familiar with the matter said Qatari officials have expected the request for months, as ceasefire talks mediated by Qatari and Egyptian officials have repeatedly failed. Qatari officials have advised Hamas officials to prepare to depart for another country should they be forced to leave, one of the diplomats told The Post. Some have speculated that Turkiye may be a possible future host of the group.

    Emir Tamim bin Hamad al-Thani (R) in a meeting with Hamas official Khaled Mashal in Doha, Qatar govt handout

    Doha has hosted Hamas’ political leadership, including Ismail Haniyeh, at the US’ request since 2012 and provided billions in cash to the Hamas authorities governing Gaza in recent years with the approval of the US and Israel. 

    However, Qatar has come under criticism from US and Israeli officials since Hamas launched Operation Al-Aqsa Flood on 7 October. During the operation, Hamas attacked Israeli military bases and settlements to break the 17-year siege on Gaza. Some 1,200 Israeli civilians and soldiers were killed, including some by Hamas and others by Israeli forces, which used attack helicopters, tanks, and drones in their own settlements (kibbutzim) to respond to the operation.

    Hamas also took some 240 Israelis captive, of which roughly 100 remain alive in Gaza, to exchange for some of the thousands of Palestinians held captive in Israeli jails. 

    The White House has sought to use the threat of expelling Hamas from Qatar as leverage in ceasefire negotiations. Israeli Prime Minister Benjamin Netanyahu wants the return of the Israeli captives without offering a permanent end to the war in return. 

    Netanyahu has long insisted that Israel only agree to a temporary ceasefire in exchange for the return of the Israeli captives, after which the army would be allowed to resume the war on Gaza, which he claims is meant to eliminate Hamas. Hamas has rejected the idea of a temporary ceasefire in hopes of ending the war permanently and winning the return of displaced Palestinians from northern Gaza to their homes, though many have been destroyed by Israeli bombing.

    After seven months of war, the Israeli army has succeeded in killing a reported over 34,000 Palestinians, including over 14,000 children according to Gaza Health Ministry casualties, and has laid waste to large swathes of Gaza’s cities and farmland. However, the army has not defeated Hamas, whose fighters continue to carry out operations against occupying Israeli troops. 

    Netanyahu has also used the threat of an all-out invasion of Rafah, the city on the Egypt border where over 1 million displaced Palestinians are sheltering, as leverage to force Hamas to agree to a ceasefire and prisoner exchange on Israel’s terms. 

    Blinken returned to Israel this week in hopes of pressuring Hamas to agree to the latest Israeli proposal. "We are determined to get a ceasefire that brings the hostages home and to get it now, and the only reason that wouldn’t be achieved is because of Hamas," Blinken said Wednesday in Tel Aviv. "There is a proposal on the table, and as we’ve said: no delays, no excuses. The time is now." A Hamas delegation is expected to visit Cairo this weekend, potentially to respond in writing to Israel’s latest proposal, Reuters reported Friday.

    Major Israeli strike have continued to rock Gaza this week:

    BREAKING: MAJOR ISRAELI AIRSTRIKES ON NORTHERN GAZA RIGHT NOW pic.twitter.com/pxoc2eFhqb

    — Sulaiman Ahmed (@ShaykhSulaiman) May 3, 2024

    As negotiations have dragged on, US officials and lawmakers have blamed Qatar for its failure to force Hamas to agree to a deal. Some US lawmakers have called on the White House to force Qatar to not only expel the Hamas leadership but to cut ties with the group entirely.

    However, some analysts say expelling Hamas from Qatar will not assist Israel. "Applying pressure to Hamas in Doha is ineffective pressure," an official briefed on the talks said. "The problem is the guys making the decisions are in Gaza, and they don’t care where the political office is located," this person said.

    Patrick Theros, a former US ambassador to Qatar, told The Post that kicking Hamas out of Qatar would simply sabotage the current talks further. "We’d be cutting off our nose to spite our face," he said.

    Qatari officials have expressed frustration for the criticism they are receiving, simply for doing what the US had requested of them. "We did not enter into a relationship with Hamas because we wanted to. We were asked by the U.S.," Majed al-Ansari, adviser to the Qatari prime minister and spokesperson for Qatar’s Foreign Ministry, stated last week to Israeli media.

    "Qatar is being used as a political punching bag for those who are looking either to safeguard their political futures or to find more votes in the next elections," he said in response to US and Israeli criticism.

    Tyler Durden Sat, 05/04/2024 - 17:30
  43. Site: AsiaNews.it
    21 hours 13 min ago
    Strongly supported by Hun Sen and backed by Beijing, it would stretch 180 kilometres from the Mekong to the port of Kep. Work could start as early as the end of the year, but Hanoi is concerned about the repercussions on water management. And calls for a supranational body to evaluate the project.
  44. Site: Zero Hedge
    21 hours 38 min ago
    Author: Tyler Durden
    Bitcoin ETFs See Buying Resurgence; 'Mr.100' BTFD As Grayscale Sees First Inflow Since Jan

    For the first time since spot bitcoin ETFs were launched, Grayscale's Bitcoin Trust ETF (GBTC) saw a daily net inflow on Friday (of $63 million)...

    Source: Bloomberg

    GBTC has dominated the outflows since inception (adding up to around $17.5 billion) since the 11 spot ETFs were launched on Jan 11. The inflow coincided with a sudden surge in aggregate net inflows to ETFs overall of $378 million on Friday (which came two days after a record net outflow of $563 million)...

    Source: Bloomberg

    CoinTelegraph's Ciaran Lyons reports that pseudonymous crypto investor DivXman told his followers that the GBTC was the “primary source” of sell pressure across all spot Bitcoin ETFs, but “the tides” could be turning.

    “That effectively means a significant decrease in sell pressure and additional increase in demand while ETFs collectively are buying more BTC than miners can create,” he explained to his 20,800 X followers in a May 3 post.

    Crypto trader Jelle predicted to his 80,300 X followers on the same day that Bitcoin’s new all-time high is on the horizon.

    “60 million dollars worth of inflows for Grayscale’s ETF. The halving chop will come to an end, and 6-figure Bitcoin will follow shortly after.”

    Bitcoin's price responded to this sudden inflow surprise and rallied back above $64,000, erasing the outflow-driven plunge from last week...

    Source: Bloomberg

    This price rise corresponded to a big short liquidation in the past 24 hours...

    Source: CoinGlass

    Additionally, CoinTelegraph reports that bitcoin whale entity nicknamed “Mr. 100” has bought the Bitcoin dip for the first time since the Bitcoin halving.

    Meanwhile, multiple market analysts suggest that the local Bitcoin bottom may be in as the price bounces from $56,000 lows.

    The Mr. 100 whale wallet has added over 4,100 BTC worth over $242 million, around the $58,000 markaccording to on-chain data from Bitinfocharts, as noticed by X user HODL15Capital.

    This represents the wallet’s first Bitcoin purchases since April 19, the day before the 2024 Bitcoin halving.

    The wallet has been adding at least 100 BTC nearly every day since Feb. 14, except for the post-halving period.

    Mr. 100 is currently the 12th-largest Bitcoin holder, with over 65,155 BTC, according to Bitinfocharts data.

    Finally, another even-larger 'whale' is Michael Saylor at MicroStrategy, delivered a masterclass on corporate finance and the power of bitcoin to supercharge corporate balance sheets. Saylor made a point to emphasize Bitcoin as the single solution for capital appreciation in an inflationary environment.

    The MicroStrategy Executive Chairman noted key differences between Bitcoin and alternative cryptocurrencies like Ethereum, expressing the importance and necessity of proof-of-work-based consensus in creating a digital commodity.

    “You could see the writing on the wall when the spot ETF of Bitcoin was approved in January. By the end of May, you'll know that Ethereum is not going to be approved. And when Ethereum is not going to be approved, sometime this summer it'll be very clear to everyone that Ethereum is deemed a crypto asset security, not a commodity. After that, you're going to see that [for] Ethereum, BNB, Solana, Ripple, Cardano – everything down the stack.”

    Saylor’s conviction and use of physics-based metaphors were present as ever as he spoke on Bitcoin’s price appreciation and continued monetization.

    “It's never declining. The chart's not ever decreasing. It only goes one way. Bitcoin is a capital ratchet. It's a one-way ratchet. Archimedes said, give me a lever long enough and a place to stand and I can move the world. Bitcoin is the place to stand.”

    “There's no more powerful idea than the digital transformation of capital… No force on earth can stop an idea whose time has come. This is an idea. Its time has come. It's unstoppable. And so I'm going to end with the observation that Bitcoin is the best. The best what? The best.”

    Saylor is an outspoken proponent of BTC and a leading force behind MicroStrategy acquiring the cryptocurrency as a reserve asset. As of April 30, the firm held 214,400 BTC - worth more than $13 billion at the time of publication.

    Tyler Durden Sat, 05/04/2024 - 16:55
  45. Site: Rorate Caeli
    21 hours 52 min ago
    Neapolitan diocesan priest and third-order Franciscan, Dolindo Ruotulo, was the author of theological, ascetical and mystical treatises as well as thousands of letters on spiritual direction. He devoted every moment of his day to prayer, penance and charity towards the sick and the poor. An unflagging apostle, his life was filled with suffering of all kinds, intensified by his decision to offer New Catholichttp://www.blogger.com/profile/04118576661605931910noreply@blogger.com
  46. Site: Zero Hedge
    22 hours 13 min ago
    Author: Tyler Durden
    Governments Cause Inflation And Hurt Bond Investors

    Authored by Daniel Lacalle,

    The Fed’s preferred inflation measure rose 2.8% in March from a year ago. This is the core personal consumption expenditures price index, excluding food and energy, which should be less volatile than the consumer price index and a better indicator of the real process of disinflation.

    This figure is not only concerning, considering the propaganda that repeats that the fight against inflation is nearing its conclusion, but it becomes even more so when we observe the upward trend over the last three and six months. Inflation has accelerated on a quarterly and half-year basis.

    As E.J. Anthony, PhD economist, points out, “there was never any indication we were heading to the 2.0% inflation target, let alone the pre-pandemic 1.8% average; we’ve arrived at 3%+ with no indication we’re going significantly lower anytime soon, not with the current levels of Treasury borrowing and Fed allowing money supply growth.”

    We need to understand why inflation is not falling as promised and announced.

    There is no such thing as cost-push inflation

    Fiscal policy has been reckless, and enormous deficit spending is fueling inflationary pressures through unnecessary government consumption of newly created currency.

    Government spending is printing new units of currency and inflation is caused by issuing more than what the private sector demands, thus making the purchasing power of money decline.

    There is no such thing as cost-push inflation, greedflation, or commodity inflation.

    None of those factors can make aggregate prices rise, consolidate, and continue increasing on an annualized level.

    Furthermore, if cost-push or supply chain disruptions were the cause of inflation, we would have deflation today, not rising aggregate prices every month.

    Governments created the inflation burst of 2021 and have not only ignored fiscal responsibility but, in the case of the United States, maintained a completely unhealthy and unrequired budget deficit

    Governments are destroying the purchasing power of money and perpetuating inflation. They created the inflation burst of 2021 and have not only ignored fiscal responsibility but, in the case of the United States, maintained a completely unhealthy and unrequired budget deficit.

    “An upsurge in money growth preceded the inflation flare-up, and countries with stronger money growth saw markedly higher inflation,” concluded Claudio Borio in a scholar paper in 2023 (“Does money growth help explain the recent inflation surge?”, BIS Bulletin No. 67, January 26, 2023).

    Doctors Juan Castañeda and Tim Congdon already warned as early as June 2020 that “the policy reaction to the COVID-19 pandemic will increase budget deficits massively in the world’s leading countries. The deficits will largely be monetized, with heavy state borrowing from both national central banks and commercial banks. The monetization of budget deficits, combined with official support for emergency bank lending to cash-strained corporates, is leading to extremely high growth rates of the quantity of money,” and these “will instigate an inflationary boom” (Inflation: The Next Threat? Institute of Economic Affairs, Briefing 7, June 2020).

    Inflation is a policy

    Inflation is not a coincidence or a fatality; it is a policy. Governments tend to announce large-scale spending programs to combat inflation.

    These policies accelerate money velocity in a recovery, particularly after a shutdown like the one of 2020, as well as the quantity of money in the system.

    Thus, inflation rises rapidly. The only way to contain the inflation burst is to cut spending and reduce the quantity and growth of money. However, although central banks have announced so-called restrictive policies, reality has shown the opposite.

    The quantity of money in the system has not been reduced. Money supply measured as M2 has declined, and the balance sheet of the Federal Reserve has diminished, but these forces have been entirely offset by net liquidity and money market funds.

    As government spending and deficit have not fallen at all, but rather the opposite, the economy has been flooded with the post-waves of the first money growth impact (2020), its market and net liquidity effect, and rising public expenditure with annual deficits close to $2 trillion.

    The quantity of money has not been reduced

    The Federal Reserve has increased rates, but that only helps moderate the growth of money, not eliminate inflationary pressures.

    Furthermore, as markets immediately discounted large rate cuts in 2024, the real effect on money growth has been just to postpone the inevitable future monetization of such enormous deficits. It has become a Call option on a forthcoming new quantitative easing program.

    We cannot forget that the quantity of money has not been reduced due to another relevant factor.

    The Federal Reserve has multiplied its support for the troubled banking sector via the discount window, which offsets the modest reduction in the Fed balance sheet.

    Instead of attacking inflation, the so-called “Inflation Reduction Act” has perpetuated the destruction of the value of the currency issued

    By purchasing the sovereign bonds in the banks’ balance sheets at par despite the collapse in price, the Fed was inadvertently printing new money and sabotaging its own restrictive measures.

    The misguided Keynesian policies implemented by the US government have cancelled out the Federal Reserve’s balance sheet reduction and rate hike efforts.

    The Treasury injected more than $2 trillion per annum in liquidity, creating new money, counteracting the net $1.6 trillion that the Fed retired in three years from its balance sheet.

    Therefore, the impact on the purchasing power of the currency through inflation has been negative. Instead of attacking inflation, the so-called “Inflation Reduction Act” has perpetuated the destruction of the value of the currency issued.

    The impact on markets

    The impact on markets has been phenomenal. The yen, once a stable currency perceived as a haven for investors, has fallen to a 35-year low versus the US dollar.

    The Bloomberg index of globally expanded major currencies and the emerging markets indicator have both fallen.

    The result of the 2020–2024 “free money” wave was a very expensive destruction of real wages and deposit savings.

    Furthermore, bonds have been obliterated and the latest data shows that the aggregate US and euro area bond indices have not recovered from the past years’ slump, and even going back to 2020, the indices are showing negative returns.

    Only the high yield index has shown a positive performance in the past four years, albeit a meager 4.5%.

    Governments are destroying the currency that they issue in all possible ways. Through persistent inflation, making wage earners and middle-class deposit savers poorer, with rising taxes to try to reduce a budget deficit that was bloated by unnecessary spending in a recovery, and through the destruction of the safest asset, bonds, that have become a bad investment for the most conservative investors, pension funds.

    The only way in which inflation will be reduced will be if the Federal Reserve abandons its decision to cut rates and starts to take measures that drain net liquidity.

    Without the support of the Treasury, this is impossible because it floods the market with new money even if monetary policy is restrictive and investors simply discounts that all those newly issued currency units will be monetized somehow in the future.

    It does not matter if Powell promises restraint when Yellen pushes excess. The most conservative bondholders will only start to see positive returns when the Treasury stops destroying the currency’s value. It does not seem likely anytime soon.

    Tyler Durden Sat, 05/04/2024 - 16:20
  47. Site: Zero Hedge
    22 hours 48 min ago
    Author: Tyler Durden
    Gaza Pier Delayed Over Rough Seas, Pentagon Calls Project "Extremely Challenging"

    This week has seen statements and reports indicating the US military constructed humanitarian pier on Gaza's coast is expected to be complete by some point this weekend

    But the $320 million project has hit another snag, as the Pentagon has said its soldiers and engineers were forced to "temporarily pause" the offshore assembly of the floating pier due to bad sea conditions in the eastern Mediterranean. So a finish date by this weekend appears unrealistic at this point, based on the Friday announcement.

    US Navy personnel construct a ‘Joint Logistics Over-the Shore’ temporary pier. Image: CENTCOM via Reuters

    "The partially built pier and military vessels involved in its construction have moved to the Port of Ashdod, where assembly will continue, and will be completed prior to the emplacement of the pier in its intended location when sea states subside," CENTCOM said in a statement. 

    So now the US personnel constructing it have moved to Israel. Presumably once the floating pier is completed it will be moved by sea back to the northern Gaza coast in preparation for maritime aid deliveries. 

    The pier is expected to allow “the delivery of large quantities of humanitarian aid from ship to shore by truck, with vehicles driving directly off ships and across the temporary pier to a marshaling yard ashore," per the US military statement.

    According to more details of what could prove to be cause of more continued pauses and delays:

    Defense officials previously hoped that the JLOTS system would be fully built by Friday. But officials told CNN that sea state conditions have been extremely challenging off the coast of Gaza over the last week, impeding the work of the personnel involved in building the pier. One of the key tasks, for example, involves military divers working underneath the pier to ensure all the parts are secured and stable — a difficult and dangerous task when the seas are rough.

    The operation of the pier and causeway, which will also require US military personnel to be stationed at sea, will also depend on weather conditions, officials say. 

    Meanwhile famine has hit parts of the Gaza Strip, USAID said starting last month. There are also still lingering fears that once complete the pier and personnel working it could come under attack by Palestinian militants.

    On Tuesday Secretary of Defense Lloyd Austin made a surprise admission for the first time. It came during a hearing of the House Armed Services committee, and specifically when Rep. Matt Gaetz of Florida grilled him on whether US servicemen will be placed in harm's way during the construction of the project in Gaza.

    Update on the Construction of the Joint Logistics Over-the-Shore capability in Mediterranean Sea

    Yesterday, U.S. Central Command (CENTCOM) temporarily paused offshore assembly of the floating pier in the vicinity of Gaza due to sea state considerations. Forecasted high winds and… pic.twitter.com/cIY2TUn7NX

    — U.S. Central Command (@CENTCOM) May 3, 2024

    Austin answered in the affirmative, and further said that troops erecting the pier will be armed and that they will be authorized to fire back if fired upon. It must be recalled that just last week a visiting delegation of UN officials came under mortar fire from Palestinian militants. Hamas has further warned that any foreign military presence on Gaza soil will come under attack. 

    * * *

    Below is more from the tense Congressional exchange

    Gaetz: This is a very telling moment, Mr. Secretary, because you've said something that's quite possible, that could happen, right? Shots from Gaza on our service members, and then the response our armed service members shooting live fire into Gaza. That is a possible outcome here so that we can become the Port Authority and run this pier. Right?

    Austin: That's correct. And I expect that we will always have the ability to protect themselves.

    Gaetz: Don't you think that counts as boots on the ground? President Biden told the country that we weren't going to have boots on the ground in Gaza.

    Austin: And we won't

    Gaetz: Okay, but you guys parse the distinction between... Like when Americans think boots on the ground, they think Americans in harm's way or engaged actively in a conflict. You guys seem to be sort of saying that boots on a pier, connected to the ground, connected to service members shooting into Gaza doesn't count as boots on the ground?

    Austin: It does not.

    Gaetz: I think you're gonna find the the American people have a different perspective on that. And if we're gonna have people shooting into Gaza, we probably should have a vote on that, pursuant to our war powers.

    Tyler Durden Sat, 05/04/2024 - 15:45
  48. Site: non veni pacem
    23 hours 52 min ago
    Author: Mark Docherty

    “Within minutes of getting the Johnson & Johnson Covid-19 vaccine, Michelle Zimmerman felt pain racing from her left arm up to her ear and down to her fingertips. Within days, she was unbearably sensitive to light and struggled to remember simple facts.

    “She was 37, with a Ph.D. in neuroscience, and until then could ride her bicycle 20 miles, teach a dance class and give a lecture on artificial intelligence, all in the same day. Now, more than three years later, she lives with her parents. Eventually diagnosed with brain damage, she cannot work, drive or even stand for long periods of time.

    “”When I let myself think about the devastation of what this has done to my life, and how much I’ve lost, sometimes it feels even too hard to comprehend,” said Dr. Zimmerman, who believes her injury is due to a contaminated vaccine batch.”

    https://archive.is/2024.05.03-135713/https://www.nytimes.com/2024/05/03/health/covid-vaccines-side-effects.html

  49. Site: Mises Institute
    1 day 1 hour ago
    Author: Ryan McMaken
    It was a fundamental mistake . . . to interpret economics as the characterization of the behavior of an ideal type, the homo oeconomicus. According to this doctrine economics does not deal with the behavior of man as he really is.
  50. Site: Mises Institute
    1 day 2 hours ago
    Author: Robert P. Murphy, Connor O'Keeffe
    Connor O'Keeffe joins Bob to discuss the recent antisemitism bill and why we should be defunding universities.

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