As a conservative Christian with an advancing age, I find covering the markets and world condition increasingly distasteful. I do it, because I have a niche and try to relay it to the reader. I have a sense of obligation to give back somehow.
My main thrust over the past decade was to hope to show the reader that Satan is in firm control of every aspect of society and the world’s conditions and direction. There will be no collapses, just transformations.
Every aspect of humanity, including race, color, and creed that God created, was designed for a purpose. Satan is knocking it all down, and in a fit of virtue signalling, humanity has convinced itself that these things don’t matter. Even today’s Christians play God. The objectives of a Western multicultural utopia where everyone lives in harmony can only be achieved through the injection of trillions of dollars in deficit spending coupled with an all-powerful media and central government to bully the people and enforce it.
Why I think things like this truly matter is straightforward; God created all these different peoples to keep Satan from making his One World government. I believe its primary function was to keep people from uniting across the world and making a Faustian agreement. So Satan and his servants are knocking down the peoples of power, while attempting to raise up the people who have traditionally struggled. Of course, Satan has won out. The nations that don’t really matter in the Bible with regards to Satan’s objectives of a new world order have been allowed to remain relatively homogeneous. However his monetary system is now truly global and regardless of the demographics, the One World government of iron and clay is gradually emerging.
I am here to tell you that none of this is by chance and that every aspect of our monetary system has been well planned out. There are no collapses, only satanic creations. Satan has cleverly and gradually created his one world religion, one World monetary system, and his one world race. This is especially true in the West, where the resistance to the true Satan was the fiercest. That’s because the West was traditionally Christian. This is no longer the case and even today’s Christians are a bunch of buffoons in need of nothing and dwelling on themselves as a Buddhist would dwell with his teacher.
Unless wormwood comes and strikes down the heathen, everything I’m saying matters. I hope to show you that the global creation of Satan is comprehensive and broad-based. Perhaps the reader will realize we mean nothing in this whole scheme. We are in way over our heads on this one; we best get your hearts right with Jesus.
So, understand this monetary system and how it works so you’re not steamrolled into having to accept the mark nor taking mRNA injections in order to put food on the table. What I discuss is very timely and pragmatic. There is no one else on the web that I have come across who tells these things like I do.
I feel sorry for people of the remnant who have to work for somebody. The covid scam was a dry run to scare the remnants straight. Even though it inconvenienced me to some extent, my financial self sovereignty and awareness of the truth of this world helped me greatly and I was not profoundly impacted. I certainly can’t say the same thing about those who work for somebody. Many lives were upended, especially those who didn’t submit to taking the injections. That was just the emergence of the pale horse and a dry run for taking the mark.
I offer timely advice for those who are struggling to be self-sovereign. Satan is in firm control and we are not being raptured out of here before that time. We are all stuck down here, so we might as well get used to it. We need to stop wasting our time regarding racism and the different peoples. If the reader doesn’t like it, take it up with the boss at the judgment throne. It’s God’s “fault” we have the different races and different peoples. No one living today was alive during the time of the scattering of the people during the construction of the Tower of Babel. God didn’t like global racial and societal unity back then, and he finds global unity in all its manifestations even more distasteful than I find it.
People have asked me whether I think the internet was a good thing. The answer is simple; if a person values his soul he should view the internet with contempt. Without the internet, Satan would not have been able to convince the world to build his One World social and governing Kingdom.
Here’s my knowledge in action; I am unloading certain properties in multicultural areas and configuring my financial affairs in preparation for a move to a relatively remote location. I’m listing one of these properties for sale in about 10 days and doing a 1031 exchange. It’s not like I’m moving to a place where I want to be around my people, which of course is part of it, I want to move to a place in which I’m not around any people.
The older I get, the less I actually like people. Take a look out the window and describe the people you see. They look and act like a different species from only 40 to 50 years ago. They all have different shapes and sizes and their intellects are stunted. According to the wishes of Satan, his servants have convinced the heathen to pair up and fornicate with whomever they choose. The result is a population of multi-race and multi-breed people with no true faith other than their obsession with mammon and the pursuit of gain and pleasure. This is what Satan wants. If readers think I’m a “hateful” person, they can always side with the iron-and-clay world and with Satan.
Ultimately, none of this matters unless we get on our knees and beg the God of the Bible for forgiveness and repent. Beg Jesus not to forget you at the judgment throne and promise to carry his testimony in your heart. The older I get, the more I do this.
Truly, my life has gotten much easier, because I understand how the world really works, who’s in control, and I see the signs all around me. I have enough introspection to know that there are no politicians anywhere around the world who are allied with our best interests. I marvel at the stupidity of those who side with Russia or Ukraine or are obsessed with something like social justice or racial equality. I think it’s pathetic how people dwell on what the governments are doing. They’ve been socially engineered to think this way.
All the politicians work for Satan, especially Vladimir Putin, because he’s savvy to the conspiracy, while buffoons like the Western puppets are just placeholder dummies to the synagogue of Satan banking families who are in firm control of the West. Why do you think Putin has served longer than any Soviet dictator? The synagogue owners of the Bank of Russia allow him to stay alive and serve his devilish purpose.
Notice how I don’t emphasize politics and military affairs on my blog, since none of that really matters in the day to day. There are thousands of wannabe analysts in the alt-media who can err for you with a bunch of dead ends and red herrings. However, I include Skousen’s analysis when it pertains to the upcoming force majeure, because no one else claims any of the things he does, and it seems to dovetail with my financial analysis timeline.
Everything Satan promotes, including racial and social justice, are nothing but unattainable lies. They’re only excuses used by the adversary to consolidate their wealth and power over us. The reason why Satan is winning is because he’s convinced so many people that the God of the Bible is the true racist and conqueror of the people. The Christian church has fallen apart through double-mindedness and there is no more resistance. When it comes time, the Antichrist will appear more compassionate than Jesus, and the false prophet will remind us of this falsehood.
The reader needs to repent and stop living a life of error.
70 thoughts on “A note to the reader; The true purpose of my blog”
Self-sovereign Christian: the ultimate oxymoron. Truth is that people who have let go of their need for anything except their next bite and refrain from cursing God and losing their faith, that is the “remnant”. Also … lesson learned in Turkey about how usury, think giant industrial projects, is how humans destroy planet earth. The half finished buildings in turkey speak to the time and effort required to build sustainably under the laws of God. Obsession with the markets is truly satanic, satan judging satan makes no difference
There’s no oxymoron here. A true remnant Christian does not look to government in any capacity, nor does a true remnant Christian even bother voting. Every time we vote we give life to the system. I pay my taxes and I tell the government to leave me alone. I personally find this world very detestable, including the people. I avoid them as much as I can and can only do this by being financially self sovereign.
Unless a capital crime is committed I don’t call the government, I don’t seek government assistance, and though it’s tough for me to farm I make my own money on my own terms, and I don’t depend on anybody else except a couple family members. If the world fell apart tomorrow, I’d figure out a way to make money. Making money allows me to live in this world. I have a vast base of knowledge and this allows me to navigate this ever more wicked world. By making money on my own terms I am afforded the opportunity to learn as much as I can so people like you can stop by my blog.
It’s not money that is evil, it’s the Love of money. Now, if you believe an ascetic lifestyle is your path to Jesus, then do that. But the world has faced millennia of hindus, buddhists, and Sihks who fell for the ascetic life. Be content with what you have and if living in a van is contentment for you, then live in a van. If having a portfolio of rental properties suits you fine so you don’t have to work for others and have a sense of control in your life in this satanic society, then do that. Whatever you do, do it in the name of Jesus.
The Syrian pound has fallen from a little more than 500 to a USD to more than 2,500 in 2 years. This would explain why house prices, and everything else, in Syria are so expensive versus the median household income. That’s a sad state over there and the citizens get hit the hardest. But isn’t it always that way?
The Feds and Fed effectively even bailed out the crypto market this weekend.
So, why invest in cryptocurrencies if they also need government support? What’s the point?
USD Coin Regains $1 Peg As Circle CEO Allaire Thanks Feds, Reveals New Banking Tie-Ups
03/12/23 11:30 PM
Jeremy Allaire, CEO and co-founder of Circle, on Sunday thanked the U.S. government and financial regulators for their decisive action to address the risks associated with the fractional banking system.
What Happened: Circle’s USD Coin (CRYPTO: USDC) is climbing back to its $1 peg, following confirmation from its CEO Allaire, that its “USD reserves remain safe” and the firm has new banking partner Cross River Bank (NASDAQ:CSRVF). “Expanded relationships also include USDC redemptions via BNY Mellon (NYSE:BK),” Circle said in a blog post.
On Sunday, Allaire applauded the U.S. government and the Federal Reserve for taking action and making a $25 billion funding program available to help banks facing liquidity issues such as Silicon Valley Bank (NASDAQ:SIVB).
We were heartened to see the US government and financial regulators take crucial steps to mitigate risks extending from the fractional banking system.
100% of deposits from SVB are secure and will be available at banking open tomorrow.
— Jeremy Allaire (@jerallaire) March 12, 2023
The weekend saw the price of USDC drop as low as $0.87, as concerns mounted over the $3.3 billion worth of USDC reserves being held at SVB.
Circle announced that due to the implosion of crypto-friendly Signature Bank (NASDAQ:SBNY), they are no longer able to process USDC minting and redemption through SigNet. The firm said it will have to temporarily rely on settlements through BNY Mellon as an alternative solution.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) jumped 8.25% and 8.43%, respectively, in the past 24 hours, trading at $22,308 and $1,600.
CJ, another bank bites the dust.
Would like to know your take on what’s really going on.
Same here. Since the world is run by the crisis, reaction, solution method, I have a feeling out of the ashes will rise a safe digital currency brought to us by the Fed or some monetary authority. Out with the old and in with the new!
They need events to implement that CBDC. Yet when it’s hyped by all media as the end of the world, as we know here…Take the contra.
I feel an over reaction occured and I’ll get my 20cents on SOFI this week, maybe even tomorrow.
Perhaps I see that the Fed can have its cake and eat it, too. In this instance, the Fed can act tough to the world that it’s fighting inflation, but with its announcements this weekend regarding the new BTFP, it is effectively shielding poorly run banks, or any member bank, from having to feel the direct wrath of its inflation fighting campaign. That end result could culminate with a run on deposits as we saw last week.
Prior to BTFP, Bank management would have to be very careful when matching deposit liabilities with its securities and Investments. Effective Bank management meant that it needed to match its lending activities with its borrowing requirements.
All I see is moral hazard not being punished in order to prevent a theoretical catastrophic bank run. With all depositors being bailed out, what’s the sense of having $250k insurance limits? Basically, the FDIC threw that limit out the window. Depositors don’t need to do any due diligence anymore. This especially helps firms like ROKU.
Personally, if I were ROKUs CFO, I would be very careful about parking that much cash in a bank. I certainly wouldn’t stick it in a bank like SVB. But now I don’t have to do any due diligence.
Of course, more regulations and oversight will result, but as you say, every crisis provides a solution. I think the solutions provided this past weekend were swift and decisive. This means the authorities here intend to prolong the current system, even if it meant every bank will be in receivership.
In a post-QE world, these programs can be implemented almost instantaneously. Before 2008, this would not be the case.
The depositors are being baled out and that money comes from somewhere. As you say post 08 is a new monetary system and a new set of rules. Can we assume that there is one entity that is bailing out these banks? If so this is a consolidation of assets into fewer hands. While this may not be the trigger that brings digital currency live, it’s a step towards it. Changing the course of the Titanic requires advanced planning or it will hit an iceberg.
I came across a fairly comprehensive Reuters article discussing the ramifications of the failed SVB and Signature Bank.
It is interesting that the Fed will allow all insured banks to borrow against their security holdings based on cost basis value with no haircut. Although the nearly 5% interest rate that would be charged seems higher than what some may think, that just mirrors the overnight market.
The problem with these two banks is the client base; lots of risky crypto and startup companies. These clients made up a disproportionate amount of total business, and it was just a matter of time until they started having trouble. This is especially true as the Fed raised rates and stepped away from the bond market as it gradually unwound its balance sheet.
The Bank Term Funding Program is unusual in that the face value of a bank’s securities were to be used without a haircut. I also observe how quickly the Fed and FDIC moved on this. I guess it’s been the result of an ongoing project, which was waiting in the wings for the first problems (SVB and Signature) to show up. I find it interesting how the stocks of both firms were still trading substantially above zero at the time they went into FDIC receivership.
The Feds are making one thing clear; all depositors will be made whole while the investing stakeholders of the poorly run banks in question will be the ones with the losses. Usually, we would consider depositors as stakeholders liable for sharing risk, too, and thus insured limits would be limited to $250k. But the Feds and Fed are not applying this.
I find all this rather interesting, and in fact, am somewhat surprised that the foolish depositors who should have done homework (e.g. ROKU with almost $450mm in deposit at SVB) will effectively be made whole.
Anyway, to me it seems that the Fed and Treasury are implying that banks may be shielded from the ramifications of any potential moral hazard on the bank management’s part.
If I were in the government and Fed and wanted to help ensure a continuation of status quo, I would engineer something similar to what they did this past weekend.
Truly, it’s too early to tell, but depositors seem to be the big winners here.
Especially the wealthy depositors are the winners with the bailout yesterday. The guys on CNBC were cheering the bailout yesterday. They were saying have a cocktail and breath easy if you are an investor.
Great news for the wealthy asset owners! Insured AND uninsured deposits will be protected.
The ESG objectives must be achieved and a poor ending to the SIVB story would create too much uncertainty to keep the ESG scam going.
Board of Governors of the Federal Reserve System
March 12, 2023
Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors
For release at 6:15 p.m. EDT
To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
The Federal Reserve is prepared to address any liquidity pressures that may arise.
The financing will be made available through the creation of a new Bank Term Funding Program (BTFP), offering loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP will be an additional source of liquidity against high-quality securities, eliminating an institution’s need to quickly sell those securities in times of stress.
With approval of the Treasury Secretary, the Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund as a backstop for the BTFP. The Federal Reserve does not anticipate that it will be necessary to draw on these backstop funds.
After receiving a recommendation from the boards of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, Treasury Secretary Yellen, after consultation with the President, approved actions to enable the FDIC to complete its resolution of Silicon Valley Bank in a manner that fully protects all depositors, both insured and uninsured. These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy.
The Board is carefully monitoring developments in financial markets. The capital and liquidity positions of the U.S. banking system are strong and the U.S. financial system is resilient.
Depository institutions may obtain liquidity against a wide range of collateral through the discount window, which remains open and available. In addition, the discount window will apply the same margins used for the securities eligible for the BTFP, further increasing lendable value at the window.
The Board is closely monitoring conditions across the financial system and is prepared to use its full range of tools to support households and businesses, and will take additional steps as appropriate.
For media inquiries, please email email@example.com or call 202-452-2955
U.S. Federal Reserve governors to hold closed-door Monday
March 12 (Reuters) – The U.S. Federal Reserve said it will hold a closed-door meeting of its board of governors under expedited procedures on Monday.
The meeting from 11:30 a.m. (0330 GMT) will primarily review and determine the advance and discount rates to be charged by the Federal Reserve banks, the Fed said in a statement.
The central bank offered no further details, but the move follows Friday’s collapse of Silicon Valley Bank (SIVB.O), was the biggest failure since the 2008 financial crisis. It roiled global markets, walloped banking stocks and left California tech entrepreneurs worrying about how to make payroll.
14 of the top 15 stories on Bloomberg have to do with the SIVB fallout. Hmm….
US Discusses Fund to Backstop Deposits If More Banks Fail
•FDIC, Fed weigh special vehicle after SVB swiftly collapses
•Regulators are racing to stem the fallout for other banks
The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.
A representative for the Federal Reserve declined to comment. Representatives at the FDIC didn’t immediately respond to a request for comment.
The vehicle is part of the agency’s contingency planning as concern spreads about the health of smaller banks focused on the venture capital and startup communities.
Small price to pay.
The Fed needs to get inflation down to 2%, which mandated by God himself on Mount Sinai.
Scaring the people into accepting the Fed taking on more debt to their balance sheet.
Summers Warns Consequences ‘Severe’ If SVB Deposits Not Released
•Former Treasury chief says SVB collapse not a systemic risk
•Summers says it’s not a time for moral-hazard lectures
(Bloomberg) — Former Treasury Secretary Lawrence Summers warned that there will be “severe” consequences for the innovation sector of the US economy if regulators don’t smoothly work out the collapse of Silicon Valley Bank.
“It certainly is going to have very substantial consequences for Silicon Valley — and for the economy of the whole venture sector, which has been dynamic — unless the government is able to assure that this situation is worked through,” Summers said on Bloomberg Television’s “Wall Street Week” with David Westin.
As Banks Topple, Regulators Face Reckoning on Week of Mayhem
•Collapses of SVB, Silvergate in a workweek stoked market panic
•There was a ‘bit of a regulatory blind spot,’ ex-OCC boss says
Why the SVB-Triggered Selloff Is a Buying Opportunity in Big Bank Stocks
Larger financial institutions have different funding sources and are subject to much tighter regulation.
October 1, 2021 SIVB stock hit over $700. I wonder who bought at the top? Had to be algos? Was trading around $40 friday PM then halted. Traders were expecting a bounce. I wonder if the stock goes to the otc…could bounce there, I remember one bank FNBC that went belly up, but it’s stock was put on the otc and it mooned, before fizzling out to zero. I would look at RBLX, FUBO, SOFI for a rebound, however ROKU may go down further.
Once a bank is handed over to the FDIC that’s pretty much it.
In the whole scheme it wasn’t a huge Bank, except that it had a lot of private venture Capital money tied up into it. Look at what happened to ROKU after close yesterday. Heads are going to roll in that firm.
Feminism has been a wonderful concept for SFR investors and landlords. This Marxist idea to break up the family has worked like a charm and has created so much more demand for housing. All those busted and broken families need individual domiciles. Broken hopes and dreams work well and it’s all in the name of empowering women! 🤣🤣🤣
Single women now own, occupy more homes in the US than single men — despite earning just $0.83 for every dollar that men earn. Here’s why this ‘reverse gap’ exists and what it means
Women let themselves be fooled by the elite deceptive, cryptographic communication encoding, alias, “elite noise”, without trying to catch or understand the patterns at play, or the real message hidden in the empowering women “code”.
It is the same here were I live, with purple balloons, flags and demonstrations everywhere. The amazing thing is how little effort so many people, not just women, put in trying to decipher the truth from the noise in this world.
It really does not matter where the noise is coming from. It is a truth nowadays that many men and women, do not make too many efforts to extract the real patterns in the given communications of this world, and yes, I am talking about the masses and the elite owned hierarchic media, and yes, the reality of the top down hierarchic media is way way different of how many ordinary people from the masses think about.
The masses are just too stupid, blind, deft and mad.
All they need are some code words, like … … … … … … … … … and done it is!!! Satan is King and Truth is down the toilet bowl.
Maybe God made it this way in order to teach a lesson to the whole world.
It doesn’t help that Ceaser (Government) encourages divorce by giving plenty of benefits to women for divorcing her husband. Such as 50% of wealth, primary custody of children, and child support payments. The woman holds all the power in the marriage after they sign the paperwork with Ceaser. Feminism power. But it ends in broken families, and doing something our God hates (divorce); but the adversary ofc encourages it, and has made something that was rare – pretty normal.
This is why I encourage Christian men to follow Scripture instead by doing commitment ceremonies instead. Which is the exact same thing as a regular marriage, but zero paperwork with Ceaser. You’re still married to each other with God as the witness. But you don’t sign anything with the state/country. Give to God what is God’s. Give to Ceaser what is Ceaser’s. And New Testament warns the believer not to go to a court of un-believers to settles disputes between believers. Which is exactly what a divorce with Ceaser as the judge is. Revelation 18:4 – Come out of her my people.
2022 vs. 2023
Multicultural kingdoms don’t come cheap! 🤣🤣🤣
The federal budget deficit was $724 billion in the first five months of fiscal year 2023, CBO estimates—$248 billion more than the shortfall recorded during the same period last year.
This event took place a couple blocks on the same road from one of my houses. The driver in the white car was dead on arrival.
In a separate note:
Here’s an email I received today from one of my condo managers in PG County.
Hello residents at XXXXXXXXXX,
As you may or may not be aware, the community has been targeted by criminals recently and vehicles have been broken into and had items stolen from the inside of their vehicles to steal handicap placards or other items.
This is important information for you to be aware of. Please be alert, report anything suspicious that you may see and stay safe.
And you wonder why I say multiculturalists are retarded?
Multi-cultural can work in God’s Kingdom ruled by the Lamb of God, since scripture says people of all nations and tribes are part of God’s kingdom. But we’d have new resurrected bodies, so not sure if it would still be multi-cultural or not.
But I do know the God of Abraham, Issac, and Jacob warned his people not to take foreign women that do not know the LORD as their wives. And we have Solomon’s case as the fruit of what happens when this is done, because he married plenty of women that did not know the LORD. They tempted him to worship other gods. Most likely some of the kids grew up with a pagan upbringing. The kingdom became divided, and there were pagan practices within the kingdoms of Israel and Judah. And with that comes fornication, adultery, theft, murder, idolatry, etc.
Nothing new under the sun. The same issue is going on in the western world. Leads to less people being re-born with the Holy Spirit and a strong fire for the Lord Jesus Christ. When you don’t have God’s Spirit inside you – you have a worldly spirit. That worldly spirit can be infiltrated by unclean spirits that feed off of the sinful desires of the flesh. That’s why Scripture says we don’t wrestle with flesh and blood. But against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.
The only culture that works in the kingdom is that Jesus culture.
This is one thing I wouldn’t consider as a possible liability when investing in a company?
MW Silicon Valley Bank closed by California regulator and FDIC named receiver
03/10/23 12:00 PM
Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) has been appointed receiver, becoming the first FDIC-backed institution to fail this year. The news comes amid a crisis at parent SVB Financial Group (SIVB), which lost a record 60% of its value on Thursday, after it disclosed large losses from securities sales and announced a dilutive stock offering along with a profit warning. The FDIC said all insured depositors will have full access to their accounts no later than Monday morning. Uninsured depositors will get a receivership certificate and may be entitled to dividends once the FDIC sells the bank’s assets. The bank had 13 branches in California and Massachusetts, which will reopen on Monday. The bank had about $209 billion in total assets as of Dec. 31, and about $175.4 billion in deposits. Customers with more than $ 250,000 in their accounts should contact the FDIC at 1-866-799-0959.
This is a sign that the tech industry is imploding. I see a lot of overpaid techies losing their jobs. Most techies are overpaid for what they do because they get paid in options which benefited from the run up that is no longer happening. This will reflect on high end but not low end housing markets in places like San Francisco, Seattle, and Boston.
I’m listening to the Power Hour this morning. I rarely listen to any type of Patriot news shows, but I figured I’d play it in the background rather than CNBC or Bloomberg.
Here’s my take, The host and callers are obsessed with what other people say. This is a problem with the well-meaning Patriots. Throughout entire time they obsess about what he said or she said and go with that. They are obsessed with what the politicians are saying and are preoccupied with the events of the particular moment. It’s a simple kind of linear thought process. I guess I could listen to it with my hair on fire and still get everything they’re talking about.
With that said it’s much better than listening to AJ, Mike Adams, or Jeff Rense.
No landing until the force majeure….
Non-farm payrolls and labor participation rate both rise better than estimates. Unemployment rate higher while hourly earnings and weekly hours slightly below consensus.
Average Hourly Earnings (YoY) (Feb)
Act: 4.6% Cons: 4.7% Prev: 4.4%
Average Hourly Earnings (MoM) (Feb)
Act: 0.2% Cons: 0.3% Prev: 0.3%
Average Weekly Hours (Feb)
Act: 34.5 Cons: 34.6 Prev: 34.6
Government Payrolls (Feb)
Act: 46.0K Cons: Prev: 118.0K
Manufacturing Payrolls (Feb)
Act: -4K Cons: 12K Prev: 13K
Nonfarm Payrolls (Feb)
Act: 311K Cons: 205K Prev: 504K
Participation Rate (Feb)
Act: 62.5% Cons: Prev: 62.4%
Private Nonfarm Payrolls (Feb)
Act: 265K Cons: 210K Prev: 386K
U6 Unemployment Rate (Feb)
Act: 6.8% Cons: Prev: 6.6%
Unemployment Rate (Feb)
Act: 3.6% Cons: 3.4% Prev: 3.4%
The federal government will be sucking out the life force from the rest of the economy. Based on the preliminary budget numbers for the upcoming fiscal year, the Feds will continue to overwhelm the private sector with their borrowing demands. Only the biggest and brightest will be able to persevere, because the government doesn’t care about us in the least.
They are building up for the great conflict and must do so without waking up the average person. This talk of World War III that has been ongoing for at least a year now serves a purpose as it will wear out those who are warning. The establishment figures that if someone is shouting imminent World War 3 from the rooftops for 5 years, the people will eventually stop caring.
Own income generating assets…. The government doesn’t even care anymore and I suspect a lot of this is going into WWIII preparations.
Look for the Feds to become increasingly recalcitrant and confiscatory to pay their bills.
The proposed spending level of $6.9 trillion is up 10% from the previous quarterly annualized spending levels of 6.2 trillion.
Spending increases on unprecedented levels across the board. INFLATION TO STAY….
‘Excessive’ Biden budget plan would cause national debt to hit nearly $51 trillion by 2033
The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in President Biden’s $6.9 trillion budget proposal released on Thursday.
Under Biden’s budget plan for fiscal 2024, the gross national debt would surge to nearly $51 trillion as of the year 2033 — up from its current level of roughly $31.5 trillion.
The federal debt as a share of US gross domestic product (GDP) would swell to a record 110% by 2033, up from 98% this year – shattering a dubious record that has stood since the end of World War II.
The portion of debt held by the American public would jump $19 trillion, to $43.6 trillion, over the 10 years.
Look at how high $6.9 trillion has moved the bar.
Elsewhere, the Dow Jones Commodity index breaking down below 1,000. Oversupply concerns growing more than fiscal deficits?
The Fed will have to begin tapering the taper. SIVB may spread and if it does it will be just like the two Bear Stearns funds in 2007. But QE has to come to the rescue.
Barron’s; The Bank of Japan Has Its Own Inflation Problem. It’s the Opposite of the Fed’s.
March 9, 2022 8:15am
The country’s central bank is trying to keep prices rising after decades of deflation.
Americans have experienced the fastest inflation in a generation over the past year. Shoppers hoping for a world in which prices don’t go up should be careful what they wish for.
Take a look at Japan, where the past 25 years. The Bank of Japan has been fighting a battle, which is opposite to that usually faced by the Federal Reserve—instead of trying to stop prices rising too quickly, it’s trying to stop them falling. Even though the inflation rate has recently climbed to 4%, it’s on its way back down below the 2% target—and the aim is to make sure prices continue to rise sustainably.
That’s the mission facing Kazuo Ueda, the who starts in April. Japan, once the world’s second largest economy, is at a crossroads.
“The country is on its way to 2% inflation, a once in a generation regime shift with historical implications for markets,” Deutsche Bank strategists led by George Saravelos wrote in a note. “Inflation expectations are rising and wages are starting to accelerate.”
Still, Ueda’s task won’t be easy and it’s not a sure thing that he’ll succeed. To understand why, it’s worth considering how Japan got into its current situation.
Back in the 1980s, Japan’s economy was roaring. U.S companies marveled at the competition from Japanese technology firms and car makers. Economists and elected officials worried that Japan’s economic might could one day lead to a damaging rivalry.
In the early 1990s, a real-estate bubble burst in Japan, sending the economy into a tailspin. Growth weakened, with rates staying at the bottom of the pack among advanced countries. A few years later, consumer prices started stagnating or falling on average. The ’90s became known as The Lost Decade, and Japan has yet to recover.
An Age-Old Problem
While policy mistakes may have exacerbated the downturn, the main reason why Japan couldn’t shake off deflation is the country’s aging population, Yusuke Miyairi, a currency strategist at Nomura in London told Barron’s in an interview. Japan has the highest proportion of elderly people of any country in the world—about 30% of the population is over 65. That means a shrinking workforce, higher demand for savings, and less consumption.
Another thing keeping deflation sticky is everyone got used to it—workers don’t demand big pay raises to cover increased costs because their costs aren’t rising.
In theory, deflation is a sign of a weakening economy because it undermines consumer spending, one of the biggest drivers of growth. Shoppers don’t have much incentive to buy things today if they know that, if they wait, they’ll be able to buy more with the same amount of money in a few weeks or months.
In reality, deflation hasn’t been bad for Japanese consumers, said Nomura’s Miyairi, who studied under incoming central bank chief Ueda at the University of Tokyo. At a 100-yen store—the equivalent of a dollar store in the U.S.—you can find really nice stuff, and the quality and amount you can get improves every year, he says.
Controlling the Curve
While the experience of deflation hasn’t been a disaster, it isn’t a good state for the economy to stay in. Americans longing for prices that never rise should consider the bigger picture.
For one thing, it makes it next to impossible to reduce government debt, which is funding all those retirement benefits, as a percentage of the economy. And it has held back economic activity in general. Japan lost its spot as the world’s second-biggest economy to China in 2010. On the international stage, Japan’s power has also declined.
The central bank has thrown the kitchen sink at the problem. Japan was the first to try negative interest rates and quantitative easing, or buying government bonds, in order to keep borrowing costs extremely low to stimulate growth.
The signature policy now, introduced by outgoing Bank of Japan Governor Haruhiko Kuroda in 2016, is yield-curve control. Under YCC, the central bank buys enough bonds to keep long-term interest rates within a certain band.
Despite its best efforts, it isn’t really the BOJ that is responsible for the current 4% inflation rate in Japan. It’s the cumulative effects of the Covid-19 pandemic’s supply-chain kinks and spiking energy costs last year.
In December, Kuroda delivered a shock decision to widen the BOJ’s band around the 10-year government bond, allowing the yield to stray as much as 0.5 of a percentage point away from its 0% target. The move was considered a very early step toward tightening.
No further change is expected at Kuroda’s final meeting on March 10. The BOJ under Ueda won’t want to make the mistake of withdrawing monetary stimulus too quickly, before people get used to prices rising again.
The current round of national wage negotiations, known as the shunto, is seen as critical. The central bank hopes to see inflation-busting pay raises this time around. Car marker Honda, for example, is set to raise employees’ average monthly salary by about 5%.
Japan’s economy is and investors can take advantage. They can buy shares in companies that will benefit from a revival of consumer spending—retailers, for example. Banks will also see gains if interest rates start rising.
More broadly, investors could buy Japan-focused funds. The Matthews Japan Fund, the T. Rowe Price Japan Fund or the Fidelity SAI Japan Stock Index Fund, for example.
For now, Ueda will be focused on doing everything he can to keep prices rising. Inflation is painful when it’s too fast, but deflation is also harmful. An inflation rate at about 2% is seen as ideal by economists because it gives prices the flexibility to adjust, while at the same time being stable enough to help the economy to grow and countries to prosper.
The good news for Ueda is that he probably won’t have to think up ever more creative ways to induce inflation. He’ll just have to manage the transformation that is already in train.
“It’s not about additional easing at this point, it’s about how the BOJ needs to finish the program,” said Nomura’s Miyairi. “From a consumer point of view, low inflation is good. But from a total economy perspective, inflation is needed.”
That’s the lesson Japan has for the U.S.—too much inflation is bad, but too little inflation is a whole other world of problems.
IMO Chinese ruling class is Japanese, a hidden fine print fact that probably most Japanese elders are aware of. They put Chinese politicians in front, just like our Peerage owners in the USA put average joes in office to read the teleprompters. I predict thick consolidation events(whatever they may be) of all Asian Countries before a serious conflict with the West happens. I highly doubt Japan will be on our side in the near future. Keep an eye on the headlines for any American military expulsions or pullouts.
The financial fallout from the COVID stimulus is three years old this month. At what point will the MSM realize they’ve been had? At what point will the alt-media realize they’ve been had?
No landing after three long years of wealth and power consolidation. How many more years of no landing before the force majeure? I say 3-4 more.
I was in Lowe’s and HD last weekend for the first time in 4 months. Prices rose a lot, even over that short time frame.
The governing authorities over the three military powers in this upcoming World War 3 are spending so much money on military buildups behind the scenes that inflation is going to persist wildly for the next few years regardless of what the monetary authorities do.
I submit that perhaps trillions are being and will be funneled into military spending around the world.
Russia, China, the EU, Japan, the Commonwealth States, and the United States are all building up in anticipation of the force majeure.
With such unprecedented demand, and the refusal of MSM to discuss this sobering reality, inflation will persist for years.
Joel Skousen was interviewed by some woman claiming to be a truth seeker. It’s actually a pretty good interview. The only problem is that the woman is in over her head and has been adversely influenced by the mainstream pro-Russian alt-media like Alex Jones, Jeff Rense, etc.
No soft landing nor hard landing. Just no landing. The wealth consolidation phase needs to accelerate going into the force majeure. This will help to ensure that the synagogue can control the narrative through the tribulation period.
The public figureheads for the WEF don’t know what’s coming and those very few at the top of the pyramid let these public stooges like Klaus Schwab and Bill Gates tout their Great Reset propaganda. Humanity will never achieve these goals. This force majeure War will be so comprehensive and damaging that the world will never recover. Only those at the very top of the pyramid know what’s coming. This is why I don’t get caught up with all of those futurists for the WEF. They’re there for show and while they actually believe what they say, it’s not going to take place. These stooges for the top of the pyramid are for public consumption. The world is not going to turn out like Star Trek. It’s going to turn out to be hell until the second coming.
The reason here is simple; evil cannot cause evil and destruction and then reunify the globe into an equilibrium. Evil can only do evil and those at the very top who do will of Satan will never be able to stop the evil, especially when this war is unleashed on humanity.
Those serving Satan can conduct their objectives in the dark while there is still good on the Earth. But when there is no more good, there’s nobody left to right the ship. Evil only begets more evil and it never ends until the second coming.
We won’t be flying around in electric ships and living in our electric Utopia. That’s poppycock.
China’s Xi says better use of defence resources needed ‘to win wars’
BEIJING, March 8 (Reuters) – China needs to improve its use of defence resources such as technology, supply chain and national reserves “to strengthen its army and win wars”, President Xi Jinping said on Wednesday.
Xi is commander-in-chief of China’s armed forces and is due to be formally re-elected as president later this week.
Consolidating and improving “integrated strategic capabilities” is a new requirement set by the ruling Communist Party, Xi told representatives of the People’s Liberation Army and the military police during the annual session of parliament, state broadcaster CCTV reported.
Wearing a Chinese suit in army green colour, he reminded the military that it must be led by the party. Xi secured a precedent-breaking third term as party chief last year.
“China needs to better use defence science, technology and industry to strengthen its army and win wars,” Xi said.
He asked national laboratories to accelerate their research in defence technology so that China would not have to rely on foreign countries.
He also said that industry supply chains must be more resilient and called for more infrastructure building and the setting-up of national reserves for defence purposes.
Xi did not specify what the “strategic risks”, as he put it, were that the military needed to address.
China is taking an increasingly assertive stance towards the United States and other countries and has never renounced the use of force to take back Taiwan, which rejects Beijing’s sovereignty claim over it.
Euro Zone’s Economy Failed to Grow at End of Last Year
•GDP was unchanged in fourth quarter; initial est. +0.1%
•The downgrade follows revisions to German, Irish output
The euro-area economy failed to expand at the end of 2022 as worse-than-expected performances in Germany and Ireland helped pull down initial growth readings.
Gross domestic product was unchanged from the previous quarter during the final three months of last year — worse than the preliminary estimate for a 0.1% advance — data released Wednesday by Eurostat showed.
While household expenditure and investment declined, government spending and trade helped offset the drops. Germany’s economy, the continent’s largest, shrank by 0.4%, while Ireland’s rose by significantly less than initially reported.
While gloomier than thought, stagnation means the bloc may still manage to narrowly dodge a recession that was seen as unavoidable after Russia invaded Ukraine. Looking ahead, analysts predict a downturn in the first quarter as the rising cost of living continues to weigh on consumers.
I don’t hear anyone mentioning this, but I notice how cancer rates began to explode after home builders began to transition out from copper plumbing to PVC and then to PEX.
The stuff they blew up in East Palestine Ohio are the active ingredients in PVC plumbing piping and PEX.
It’s better to live in an old house and have copper plumbing than it is to live in a newer home and have carcinogenic PVC and PEX plumbing.
The common refrain is that PVC in its hardened form is chemically inert and that is a bunch of hogwash. PVC has a useful life of 30 to 40 years before it starts to degrade and leak, and that’s because it breaks down.
Try to use copper where possible.
CJ, I carry Nalgene water bottles. I notice that when I open the top there is a hint of benzene smell around the mouth. It is gone in an instant. So yeah, I think all plastics are decomposing, even purportedly high grade plastics.
No hard landing, no soft landing, just no landing until the force majeure.
GDPNow latest estimate: 2.0 percent — March 7, 2023
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2023 is 2.0 percent on March 7, down from 2.3 percent on March 1. After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the Institute for Supply Management, the nowcasts of first-quarter real personal consumption expenditures growth and first-quarter real gross private domestic investment growth decreased from 3.7 percent and -6.1 percent, respectively, to 3.5 percent and -6.4 percent.
China’s trade with Russia surges at double-digit pace in Jan-Feb
BEIJING, March 7 (Reuters) – China’s exports and imports with Russia surged at a double-digit pace in January-February from a year earlier, customs data showed on Tuesday, as China said it had to advance relations with its northern neighbour in an increasingly turbulent world.
China’s exports to Russia jumped 19.8% in the first two months, to a total of $15 billion, while it recorded shrinking demand from markets elsewhere. Imports from Russia soared by 31.3% to $18.65 billion.
That left the world’s second-biggest economy’s trade deficit with Russia at about $3.6 billion.
China’s seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded following the lifting of COVID-19 curbs, Reuters reported last week.
Foreign Minister Qin Gang told a news conference on the sidelines of an annual parliamentary session in Beijing on Tuesday that China had to advance its relations with Russia as the world becomes more turbulent.
Asked whether it was possible that China and Russia would abandon the U.S. dollar and euro for bilateral trade, Qin said that countries should use whatever currency was efficient, safe and credible.
“Currencies should not be the trump card for unilateral sanctions, still less a disguise for bullying or coercion,” he said.
China’s trade with Russia hit a record high in 2022 as Western countries imposed sanctions on Russia over its invasion of Ukraine.
It sounds to me like you need to get out of Dodge, my friend.
Economics; Powell Sees Higher Peak for Interest Rates, Says Fed Prepared to Speed Up If Needed
•Traders switch bets to half-point hike at March meeting
•Fed chief says path to lower inflation ‘likely to be bumpy’
(Bloomberg) — Chair Jerome Powell said the Federal Reserve is likely to lift interest rates higher and potentially faster than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month’s step down in the pace of hikes.
The remarks, coming in testimony before Congress on Tuesday, opened the door to officials lifting the Fed’s benchmark lending rate by a half percentage point at the next meeting if upcoming reports on jobs and prices show rate hikes have done little to cool the economy.
“The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell told the Senate Banking Committee. “If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.”
Near-term bond yields jumped, stocks fell and the dollar extended gains. Traders bet the Fed is likely to raise rates by a half point at the next meeting later this month, instead of continuing the quarter-point pace from the prior gathering. They now see rates peaking close to 5.6% this year, up from about 5.5% yesterday.
What Bloomberg Economics Says…
“We now expect the dots tracing Powell’s expected path of policy rates – and those of multiple other committee members – to shift higher and stay higher for longer.”
— Anna Wong and Stuart Paul, economists
Fed officials are trying to cool inflation without triggering a recession that drives up unemployment.
“Although inflation has been moderating in recent months, the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy,” Powell said. Inflation remains well above the Fed’s longer-run objective, he added.
The Fed began an aggressive campaign to raise its federal-funds rate a year ago, moving to a range now of 4.5% to 4.75%. Even so, the U.S. economy has shown remarkable resilience. Payrolls increased by more than 1 million in the three months through January, and recent consumption and inflation data point to persistent price pressures.
“We do have two or three more very important data releases to analyze before the time of the FOMC meeting,” he told lawmakers, referring to the Federal Open Market Committee. “Those are going to be very important in the assessment we have of this relatively recent data.”
Powell headed to Capitol Hill Tuesday for the first of two days of semiannual monetary policy testimony, his first appearance before Congress since June. He is set to testify before the House Financial Services Committee on Wednesday.
Senate Democrats are wary of the rapid rise in interest rates, while Republicans blame President Joe Biden for over-stimulating the economy and have urged Powell to keep up the inflation fight.
Democrat Elizabeth Warren warned that further rate hikes will lead to millions of job losses, according to the Fed’s own projections, but may do little to quell inflation that is driven by other factors, such as supply constraints. “Chair Powell, you are gambling with people’s lives,” she said.
The Fed leader is facing lawmakers who are already counting down to the 2024 presidential election, the outcome of which could hinge on Powell’s ability to steer inflation back toward the Fed’s 2% target without causing a significant downturn.
US central bankers say they need to keep pushing interest rates higher to slow price increases. In December, officials estimated rates would peak at 5.1% this year, according to their median forecast, but several have said that a series of strong economic reports could mean rates need to move even higher.
Powell made clear Tuesday those forecasts will likely climb when officials submit new projections this month, and said the Fed would be prepared to return to a bigger rate hike at their next meeting if the data warrant. Officials raised rates by 25 basis points at their Jan. 31-Feb. 1 meeting, following a half-point hike in December and after four 75-basis-point increases last year.
Following Powell’s remarks, some economists upped their expectations for how aggressively the Fed will move when it meets in two weeks and for how high rates will need to go to cool prices.
“Powell’s comments make it sound as though they need to be convinced not to speed the pace up,” economists for LH Meyer/Monetary Policy Analytics wrote in an emailed note Tuesday morning. “The presumption that’s been established is that they will hike 50 in March, unless they are convinced otherwise.”
While inflation has eased since the last time Powell testified before Congress, it is still well above the Fed’s. The personal consumption expenditures index, the Fed’s preferred price gauge, rose 5.4% for the 12 months through January.
“The breadth of the reversal along with revisions to the previous quarter suggests that inflationary pressures are running higher than expected at the time of our previous Federal Open Market Committee meeting,” Powell said.
The labor market, which Powell for months has said is extremely tight and out of balance, has yet to buckle under higher borrowing costs. The unemployment rate dipped to 3.4% in January, the lowest in more than five decades, while Black unemployment fell to 5.4%, just above a record low.
“Despite the slowdown in growth, the labor market remains extremely tight,” Powell said.
The labor market is remaining tight because people are dying off and others are copping out due to increased health issues. The economy has never been the same since the Covid Vax.
The labor market is also remaining tight because that’s what the SoS wants. Even if there were no job openings, the SoS would still say the market is tight.
A tight labor market is one of their justifications for mass immigration, which is the single most important agenda for them.
Powell’s willful ignorance is not happenstance. There will be no soft landing nor hard landing. There will be no landing until the force majeure.
Don’t sweat it as it seems things are falling apart and the establishment is losing control. They are not. They know that they have a shelf life on this current system. Three or four more years should do it.
The tetris pieces are no longer fitting and eventually the screen will fill up. Don’t worry about it. Understand what is taking place with the timeline and prepare accordingly. By the time of the force majeure, many more people will be bankrupt. Don’t be one of them.
When you think of it, getting out of taking the jab wasn’t so hard. My life changed but I didn’t really face any hardship.
However, I just received an email from Reignite Canada and the government is working on the next phase of forced compliance. So it will be through the banks, and filing Income Tax returns. This will be harder to get out out of. I haven’t seen a doctor since 2019, so there is no record of my vax status in my health records. It’s very important that I not go and disclose that.
Details shared are as follows:
The federal government has quietly begun the creation of Personal Information Banks (PIB) to collect and store data on Canadians. We were not consulted nor informed about the creation or existence of these databases and they are being collected without our permission or knowledge. Categories of information include biometrics (DNA, blood type, eye/facial scan, fingerprints, etc), personal biography, medical history, financial history, credit information, opinions or views of or about individuals, and much more.
Here is a link to the government website describing the PIBs. Scroll to the last section for Categories of Information:
The Canada Revenue Agency (CRA) has quietly added it to their Privacy Terms so that in order to submit an application for benefits, such as the One-Time Housing Top Up they started offering in December, you must click that you agree to terms including “…being described in Personal Information Bank (under development)” in order to submit your application. It is also a term in the Canada Pension Plan (CPP) application. It quite likely will be a term for submitting your income tax return, so read those Privacy Terms when filing your taxes this year!
The federal government is using the federal health transfers to bribe the premiers to adopt a Big Tech-style data-for-services health care system. This means that your personal health records that used to be private and confidential between you and your doctor will now be entered into the PIBs to be shared between the federal government, their stakeholders, and whoever else they decide can have access to it.
They lay it all out in their Departmental Plan for Health Canada 2022/23. There is no mention of hiring health care workers. It’s all data, digitization, AI, vaccines and so on.
This sounds like Canada is approaching a social credit score system like China where if you don’t do things like getting vaccinated then you won’t qualify for certain benefits and be disbarred from flying or taking a train.
Brazil has instituted a system where vaccination is a requirement if you want social benefits .
Everyone should be prepared to get their life in line with Jesus Christ. That is the only way out. Be prepared to be poor in material things but be rich in spirit with Jesus Christ.
US Banks Are Finally Being Forced to Raise Rates on Deposits
•Deposits declined last year for first time since 1948
•Rising funding costs for banks seen weighing on profit growth
•Overall, the average rate on a one-year CD is roughly 1.5%. That’s up from 0.25% a week before the Fed began raising rates a year ago, but still well below inflation
March 6, 2023 at 7:00 AM EST
(Bloomberg) — US banks are being forced to do something they haven’t done for 15 years: fight for deposits.
After years of earning next to nothing, depositors are discovering a trove of higher-yielding options like Treasury bills and money market funds as the Federal Reserve ratchets up benchmark interest rates. The shift has been so pronounced that commercial bank deposits fell last year for the first time since 1948 as net withdrawals hit $278 billion, according to Federal Deposit Insurance Corp. data.
To stem the outflows, banks are finally starting to lift their own rates from rock-bottom levels, particularly on certificates of deposit, or CDs. More than dozen US lenders including Capital One Financial Inc. are now offering an annual percentage yield of 5% on one-year CDs, a rate that would have unspeakably high two years ago. Even the big banks are feeling the heat. At Wells Fargo & Co., 11-month CDs now pay 4%.
The jump in rates on CDs and other bank deposits has been a boon for consumers and businesses, but it’s a costly development for the US banking industry, which is bracing for a slowdown in lending and more writedowns, says Barclays Plc analyst Jason Goldberg. And for smaller regional and community banks, losing deposits can be serious and weigh heavily on profitability.
There are challenges ahead for banks,” Goldberg said. “Banks reflect the economy they operate in, and most forecasts call for slowing GDP growth and increasing unemployment.”
The very biggest banks can afford to slow-walk their rate increases, simply because they still have relatively high deposit levels. Overall, the average rate on a one-year CD is roughly 1.5%. That’s up from 0.25% a week before the Fed began raising rates a year ago, but still well below inflation. After a year of record profits, the foot-dragging has earned banks plenty of ire from politicians globally.
Nevertheless, banks are feeling more pressure to boost rates, which will raise funding costs and crimp profit margins. According to Barclays, the median large-cap bank can expect growth in net interest income, a measure of lending profits, to slow to 11% this year, from 22% last year.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made clear that some institutions will feel pressure on the firm’s earnings call in January: “Banks are competing for the capital, money, now. We’ve never had rates go up this fast.”
For depositors, CDs have been popular because they tend to offer the highest rates. For banks, they’re a way to lock up funding for a set period of time, unlike checking or savings accounts.
Rising CD rates have led to huge growth in sales of the product: CDs outstanding totaled $1.7 trillion in the US banking industry in the fourth quarter, up from $1.49 trillion in the third. That’s the biggest quarterly jump in at least two decades, according to S&P.
Jesus is an insensitive racist
Texas Tech basketball coach Mark Adams suspended over “racially insensitive” comment
Texas Tech University has suspended mens’ basketball coach Mark Adams for what the school is calling an “inappropriate, unacceptable, and racially insensitive” comment.
At a coaching session with a student athlete last week, Adams referenced Bible verses about workers, teachers, parents and enslaved people serving their masters, according to school officials.
Adams defended his interaction with the student athlete in an interview with Stadium, a sports news network, saying it was not racist and that he was quoting a Bible verse.
“I said that in the Bible that Jesus talks about how we all have bosses, and we all are servants,” Adams told Stadium.
In the controlled narrative of SoS, zealotry is worth more than Bible’s truths and talking in public about subjects like these will become more and more a sensitive affair, as the woke people are getting ready to denounce and destroy at the slightest remarks.
Yesterday I told my friends that I only like white girls. The reality is I have nothing any black, Asian, Mediterranean type or Latinas, but I am not to get intimate in any ways with any of them and I was called a “racist”. Yes you herd me: my friend called me a “racist” because I just only consider the possibility of getting closer to a woman similar to me.
Well, I am not going to get in trouble because my friend called me this, but I wouldn’t in any way dare to say this in public to anyone I do not trust. Not in my environment. At all.
How entrenched this concept of racism and sexual intermixing is in ordinary people around the Western World?…
A lot it seem to be.
Indeed. At least you know this and you know why. We have a nation of social brown shirts. I stay with my own kind as I know what the Bible says about it. The Bible doesn’t say it’s a damnable sin, but the Bible warns us what happens when we wander. With this said, the American white woman tends to be the most poisoned from their social engineering. It’s best to have more money and be older than she.
The worst part about these calls of racism is that this was all engineered by our adversary and the world condition is an indirect result of this mixing. With a powerful Central banking system the synagogue has a much easier time subjugating Us in the aggregate.
Most people think of shows like Star Trek when it comes to mixing people and everyone being the same. A powerful militarized media is a potent weapon against the common Man and can spread many falsehoods.
🖖 Live long and prosper 🖖
Barrons; China Sets 5% GDP Growth Target, Seeking a Revival. Military spending to rise 7.2%
China’s government said it would raise fiscal spending by 5.6% this year, less than last year’s increase, The Wall Street Journal reported.
China set 5% as its economic growth target for this year, the lowest in decades as the government lays out plans for military and social spending aimed at reviving growth after last year pandemic lockdowns.
The announcement comes at the start of a new legislative session. Premier Li Keqiang, China’s top economic official, told the delegates gathered Sunday for the opening of the National People’s Congress: “We should give priority to the recovery and expansion of consumption.”
Last year, China’s gross domestic product rose 3%, the second slowest since the 1970s, the Associated Press reported. That number could have been stunted by three years worth of strict zero-Covid policies that have since ended. China had forecast last year’s growth to be 5.5%.
“Uncertainties in the external environment are on the rise,” Li told the meeting, the New York Times reported. “At home, the foundation for stable growth needs to be consolidated, insufficient demand remains a pronounced problem, and the expectations of private investors and businesses are unstable.”
About 3,000 delegates are attending the meetings, which will continue all week and are expected to help President Xi Jinping consolidate his power over security, finance and technology, The Wall Street Journal . The NPC is expected to approve the appointment a slate of Xi loyalists, including a new premier.
Li said China’s government would raise fiscal spending by 5.6% this year, less than last year’s increase, the Journal reported, while fiscal revenue was forecast to grow by 6.7% in 2023.
China also announced it is raising military spending for this year by 7.2%.
Write to Liz Moyer at
For the elites in government and high corporate positions that have sold out to the adversary – this is the Squid Games and the masses are the players. But they are given protection and access to wealth for their allegiance to the adversary.
For what shall it profit a man, if he shall gain the whole world, and lose his own soul?
This is why you’ll never see the cure for cancer, or cancer causing ingredients removed from soda drinks and other cheap foods that masses consume. It’s a wicked world system. Even the sugar free and calorie free coke is cancerous and can make your obese. Walk around anywhere these days – and that’s what you see in America. Obesity. The corporate elites see them as obedient customers. They all work together along with your favorite politicians in congress.
But the Son of God will bring it all down. He’ll even bring down the stars in the firmament which this wicked world uses for human holidays:
9 But now that you know God—or, I should say, now that God knows you—how is it that you want to turn back to those weak and pitiful ruling spirits? Why do you want to become their slaves all over again? 10 You pay special attention to certain days, months, seasons, and years. 11 I am worried about you! Can it be that all my work for you has been for nothing?
12 I watched as the Lamb broke the sixth seal, and there was a great earthquake. The sun became as dark as black cloth, and the moon became as red as blood. 13 Then the stars of the sky fell to the earth like green figs falling from a tree shaken by a strong wind.
There’s no panic amongst the “elites” either. We need to wipe away that notion. AJ likes to claim that the rulers of this world are panicking. They are not. That only helps growing his audience of retards who sit behind their screens and tap away like lab rats, blowing off steam while providing valuable information to their “enemy”.
Right now, the elites are giddy with anticipation. They may be concerned about wormwood, but they’re not concerned about our resistance. The covid scam taught them valuable lessons and provided them the needed confidence to proceed as planned. Virtually all of the medically compromised mRNA injection recipients (as many as 83% of American adults received at least one injection) are still clueless and in denial about their ongoing medical conditions being caused by the DoD Pentagon bioweapon. While in the doctor’s offices, on the operating table, or receiving their last rites, these unfortunate souls can never comprehend how they were made sick. There was nothing experimental about the injections. I suspect the vaccine engineers are disappointed they weren’t more successful in killing and debilitating people.
The covid scam taught me valuable lessons as well regarding humanity. I completely overestimated its ability. Jesus was correct, people tend to strain at gnats and swallow a camel.
With Internet and track and trace technology, the DoD Pentagon, Ft. Meade, and McClean run computer simulations with each of us and the population and estimate our responses to any injected stimuli with tight precision, including when they can begin the next demoralizing campaign against freedom. With a tight grip on all of the governments around the world via their synagogue Central banking system working with virtually all the media, including Infowars and ZeroHedge, they now effectively control every aspect of our lives. I warned the readers about what happens when the peoples of power are subjugated.
With the use of technology, the Synagogue even has a decent estimate on when the population will embrace the mark.
Every time we log on and peruse the internet, every time we use our phones and keep them on while we drive, whenever we transact, etc., we provide these dark forces with the abilities to more effectively exploit all of us. Knowledge is indeed power and we have very little of it. Whatever knowledge we glean off the internet is dwarfed by the amount that is accumulated by our adversary.
The Establishment is not panicking. The only panic I see is in the eyes of the person walking down the street or in the doctor’s offices.
Full Spectrum Dominance.
A must read for everyone:
Trustful Surrender to Divine Providence
—by Father Jean Baptiste Saint-Jure (1588-1657)
Even you protestants will find this work edifying, I am sure.
This is an important work, thank you for the link.
USA, inc. produces so much more oil than any other country in the world, with production to be about 12.5 million barrels a day this year. Domestic oil producers returned $128 billion last year to shareholders in the forms of dividends and share buybacks.
No other country has benefited more from the global turmoil than the United States. The United States has capacity to produce another one to two million more barrels a day, but the producers are listening to the recalcitrant Biden regime and are holding back on exploration. At some point I have to believe this is not coincidence. The producer see the fading oil and nat gas prices as proof to hold back on capital expenditures to raise production. It’s amazing how the domestic oil firms have ended up with such auspicious circumstances.
Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels
For the first time in at least a decade, US drillers last year spent more on share buybacks and dividends than on capital projects, according to Bloomberg calculations. The $128 billion in combined payouts across 26 companies also is the most since at least 2012, and they happened in a year when US President Joe Biden unsuccessfully appealed to the industry to lift production and relieve surging fuel prices. For Big Oil, rejecting the direct requests of the US government may never have been more profitable.
In the waning weeks of 2022, shale specialists reinvested just 35% of their cash flow in drilling and other endeavors aimed at boosting supplies, down from more than 100% in the 2011-2017 period, according to data compiled by Bloomberg. A similar trend is evident among the majors, with Exxon Mobil Corp. and Chevron aggressively ramping buybacks while restraining capital spending to less than pre-Covid levels.
US oil production is expected to grow just 5% this year to 12.5 million barrels a day, according to the Energy Information Administration. Next year, the expansion is expected to slow to just 1.3%, the agency says. While the US is adding more supply than most of the rest of the world, it’s a marked contrast to the heady days of shale in the previous decade when the US was adding more than 1 million barrels of daily output each year, competing with OPEC and influencing global prices.
With the case for higher oil prices building, US President Joe Biden has fewer tools at his disposal with which to counteract the blow to consumers. The president already has tapped the Strategic Petroleum Reserve to the tune of 180 million barrels in a bid to ease gasoline prices as they were spiking in 2022. Energy Secretary Jennifer Granholm is likely to get a frosty reception at the CERAWeek by S&P Global event in Houston staring March 6 if she follows Biden’s lead and attacks the industry for giving too much back to investors. That business model is “here to stay,” said Dan Pickering, chief investment officer of Pickering Energy Partners.
“There’s going to be a point at which the US needs to produce more because the market is going to demand it,” Pickering said. “That’s probably when investor sentiment shifts to growth. Until then, returning capital seems like the best idea.”
CJ, I myself have reached saturation with the internet. It’s starting to give me the creeps. All this online buying and managing of accounts, subtly skims wealth away. The general population are screen zombies.
I’m cutting my internet time way down and going back to hardcopy. Big Saul, agent of Satan, doesn’t know what I’m reading now.
I sold off my funds and I’m in cash and other tangible wealth (as if cash is wealth). The debt bubble can result only in a reset to digital currency. That’s when the slavery starts.
You’ll see the screen zombies scrolling through gobs of cheap shit from China, fueling those horrible Amazon fulfillment centers. They’ll impulse buy and a year later the crap will be in the thrift store. They are reenforcing their idea of who they are. It is identity shopping.
The banks skim skim skim and they love it. Milking the stupid f*ing herd.
If people saw clearly, they would recoil from it. But the herds are going deeper into the screen. They are slaves: debt slaves, thought slaves.
There is a reason why we are hearing more hints about providing human meat in the food supply. It is because there are so many people, 8.5b, or whatever the number is. Most of this number are mere subsistence players in the economy. They aren’t credit worthy and they don’t create a wealth surplus by their labor. All this blankness has one value, however. This is meat on the hoof, a huge asset for the corporations.
The internet has greatly accelerated the reengineering of the human mind into the desired outcome of Big Saul. What was supposed to be the Great liberator and information equalizer has turned out to be a tool for man’s demise. Just look at the transformation of humanity since the mid-90s when the internet went mainstream. Wealth disparities widened since we had the internet browser. Wealth disparities by race also widened since the advent of the internet browser.
And always remember, Tuesday is Soylent Green day.
We wouldn’t be in the position we’re in right now if the internet never existed. Everyone uses it. The adversary then simply needs to take control over the outlets people visit. And from there — slowly the adversary can re-program the masses. Television. Newspapers. Radio. They pale in comparison. It would had taken much, much longer without the internet to get to this position.
7 The instructions of the LORD are perfect, reviving the soul. The decrees of the LORD are trustworthy, making wise the simple. 8 The commandments of the LORD are right, bringing joy to the heart. The commands of the LORD are clear, giving insight for living. 9 Reverence for the LORD is pure, lasting forever. The laws of the LORD are true; each one is fair. 10 They are more desirable than gold, even the finest gold. They are sweeter than honey, even honey dripping from the comb. 11 They are a warning to your servant, a great reward for those who obey them.
This generation has been re-programmed to dis-obey their parents. Fornicate with whomever they please. The way they talk (cursing and using LORD’s name in vain). Love homosexuals and transgenders. Follow whatever movement that is promoted. So the laws of the Creator are disgusting to them. This is why I believe they’ll bow down to the anti-christ with open arms. It’s all being orchestrated and like you Chris I see it everywhere around me. It can bring me down sometimes as well. And unless God has peeled back the veil from your eyes — you can’t even see it.
Many thanks for what you do and all your efforts.
God bless you!!!
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