In a well-telegraphed move that markets had been expecting for weeks, the central bank raised its short-term borrowing rate by 0.75 percentage point to a target range of 3.75%-4%, the highest level since January 2008.

The move continued the most aggressive pace of monetary policy tightening since the early 1980s, the last time inflation ran this high.

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Source: https://www.cnbc.com/2022/11/02/fed-hikes-by-another-three-quarters-of-a-point-taking-rates-to-the-highest-level-since-january-2008.html

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The post Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead first appeared on Garner Ted Armstrong Evangelistic Association.

Much is being made of the transfer of illegal aliens to northeastern destinations.  Is it a gimmick or might it expose the hypocrisy of the bleeding hearts?  They seem to have certain philosophies that are for other people and other places.  Never mind the MILLIONS that have poured in since the border was opened.  What are they going to do about the dozens sent to Martha’s Vineyard?  Put them on buses and send them somewhere else, that’s what.  It’s one of the quickest turn-a-rounds you’ll ever see.  The State of Texas can’t send the trespassers back across the border, but they can certainly send them to other states that seem to want an uncontrolled southern border.  

The very idea!  The governors of Texas and Florida using human beings as political pawns!

The same individuals that vouch for an open border are flabbergasted that human beings are being transported to places with no way to take care of them.  This is Florida’s and Texas’ problem!  Not any more.  Apparently Governor Newsom wants the other governors charged with kidnapping!  Chicago and Martha’s vineyard?  They can hire buses too.  That’s just what they’re doing.  

We’re being led to believe that Ukraine is winning the war with Russia.  Word is that Russian soldiers are raiding the closets of civilians so they can escape undetected.  Ukrainian forces are driving them out, dejected and miserable.  Trouble is, nothing is left behind but ruined buildings and rubble is everywhere.  Next we’ll be hearing about some new Marshall Plan to rebuild Ukraine.  What?  You don’t care about people?   We’ve sent so many billions to Ukraine we’ve lost track.  Maybe that’s what they were counting on.  Ukraine is be counted among the most corrupt nations on earth.  It has to be saved at any cost.  

Switching to the Middle East, there’s been a rash of bank robberies in Lebanon.  It turns out that depositors are threatening violence to get at their savings.  The public supports these robberies, as the robbers are just trying to access their own money.  The banks have enacted rules that prevent people from accessing their savings.  The public is none too happy.  The currency has lost 90% of its value. 

There was trouble in the American financial markets this week.  FedEx is predicting a worldwide recession, if not worse.  It lost 25% of its value this week.  All the big corporate names fell dramatically in value.  My Dad often said that he believed that the end-time chain of events might well be set off by a worldwide depression.  

Interest rates are rising, killing off the housing boom.  The government is spending money like there’s no tomorrow.  We’re being scolded for loving our country and freedom.  Trump friends and allies are being raided, and Trump himself has so many investigations and lawsuits hanging over his head you have to wonder how he sleeps.  Whenever he appears at a rally, he’s as confidently optimistic as ever and promising the problems will be fixed.  He’s also railing against the Deep State, green energy and the politicization of Federal law enforcement.  

The mainstream is particularly upset if anyone should question the last presidential election.  Never mind that every presidential election has been questioned, and the winner called illegitimate. There’s no shortage of video proof but now it’s a serious crime, like terrorism.  That’s right.  If you question government or media authority you might be a terrorist!  We knew that things were going to get silly, but this is ridiculous!  

We can’t seem to get away from the horrific crimes being committed on an almost daily basis.  It’s no secret that the perpetrators of these hideous crimes shouldn’t be out walking the street.  In most cases these most visible and heinous crimes are committed by criminals that have a long rap sheet and wouldn’t have been freed to commit more crimes in previous years.  America’s big cities are starting to look like places we’d never want to visit.  We see homeless encampments on the streets of once clean and orderly cities.  Now there’s mayhem.  Isn’t progress great?  

How bad will it get where we are?  That depends where you live.  We know that before there’s Divine intervention that humankind on earth is at risk.  Meanwhile, there’s a precipitous decline in the Western nations.  There’s all kinds of worry over Europe’s energy situation with winter on its way.  Are governments going to “cap prices?”  They’re going to pick up the difference between what people would have paid and the prevailing prices?  Europe is at odds with Russia over fuel.  They might should have thought of that before going totally green.  But it’s not over.  We’ll be lectured mercilessly about how much they care.  Then we’ll be told what we must do!  Nah.  Thanks anyway.  

Mark

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The post Weekly Update by Mark Armstrong – September 16, 2022 first appeared on Garner Ted Armstrong Evangelistic Association.

We didn’t know how the world could be so upside down.  Prosecutors seem to be on the side of criminals.  How is it that violent felons get off with a slap on the wrist, to go out and wreak mayhem?  We have the unbelievable situation where Supreme Court justices are being heckled at their homes with people in the streets banging drums and shouting chants.  Not that that’s not a crime, and a serious one.  But it seems they’re doing the bidding of those that loved the sacred “right” the Supreme Court gave them back in the Seventies.  Somebody with a gun apparently told Police he was there to “kill Kavanaugh.”  These political criminals aren’t the smartest in the world.  But they do have a support group that shrugs and says, “I told you we were going to have problems.”

“He will pay the price!”  That’s what an angry politician said about Brett Kavanaugh, suspecting that he’s swayed the court against Roe vs. Wade.  Is this the price?  “You won’t know what hit you!”  Those sound like intemperate remarks.  But what do you know?  He was right.  Must be a touch clairvoyant.

We’re not about to recount all the problems that have been caused since the suspicious election.  What we know for sure is that we’re deep into Jimmy Carter territory.  If you were up and running, you’ll remember that as the most humiliating and depressing experience ever.  Until now.

Interest rates haven’t yet reached the heights of the early Eighties, but everything else is not good.  We see examples of criminals visiting violence on unsuspecting citizens, and they’re right back out committing additional crimes.  It’s a trend.  We just can’t watch all the idiotic decisions being made, or the excuses made for everything going wrong.  Nothing makes sense anymore, and we get hammered about discrimination or bigotry for refusing to celebrate, or “honor” ridiculous movements determined to rope everybody in.  If you don’t celebrate “pride month,” you must be a bigoted discriminator.  Just one question.  What are they so proud about?  I don’t think that has ever been answered.  But if you don’t celebrate pride month, you might be a bigot.  Nobody will tell these goofballs how stupid this all is.  Who would dare!

We’re expected to believe, or if not, at least pretend to believe all the nonsense that spews from the mainstream.  Last night they treated us to some slickly produced propaganda.  It was on at least eight channels LIVE.  I heard some of the opening statements, despite not watching the charade in its entirety.  The upshot is that President Trump had a plan to overthrow the government, and the “insurrection” was the result.  Don’t say it wasn’t an insurrection, or some heads might explode.  So, it was an insurrection that Donald Trump devised, and you must repeat that and at least pretend to believe it, or you might be an accomplice.

There’s never been anything as bad as Trump, or any supporters that haven’t denounced him.   The committee chairman on the podium on TV news and on the radio said that attempts to justify what actually happened on Jan. 6 reminds him of slavery, the Ku Klux Klan and I don’t know what all.  Let’s all line up and feel for the poor guy.  Of all the things that were going to turn the public against Donald Trump or make you afraid to stand for any of the values of the United States, this may have been the weakest.  You haven’t forgotten COLLUSION with Russia, the lead story for two years.  Nor the impeachment over a phone call.  This was hopefully the last attempt to falsify the record and present something of substance.  It failed to live up to the hype, despite all the grim faces.  They edited statements and audio clips as if we didn’t know that the full statements blew their whole theory.  They’ve done it before.  We’re wise to it.

If against all odds there should be a resurgence of Trump support or the man should have any further success in politics, you can expect more.  Not only that, we all better get used to being targeted.  Nothing we believe lines up with these new “values” that are all over television or the internet.  Nobody will say the obvious.  Pride month can’t be over soon enough.  It’s just designed to make us go along, or get used to wearing some stupid labels.  I’ll take the labels any day.  There comes a time when you just have to say, “NO!”

Mark

Source: http://www.intercontinentalcog.org/fridayupdates.php

The post Weekly Update by Mark Armstrong – 10 June 2022 first appeared on Garner Ted Armstrong Evangelistic Association.