Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- China extends threatening military exercises around Taiwan
- The exercises will include anti-submarine drills, apparently targeting U.S. support for Taiwan in the event of a potential Chinese invasion, according to social media posts from the eastern leadership of China’s ruling Communist Party’s military arm, the People’s Liberation Army.
- Xi is seeking a third term as Communist Party leader later this year. His control over the armed forces and what he has defined as China’s “core interests” — including Taiwan, territorial claims in the South China Sea and historic adversary Japan — are key to maintaining his nationalist credentials.
- China has ignored calls to calm the tensions, and there was no immediate indication of when it would end what amounts to a blockade.
- U.S. President Joe Biden said: “I’m not worried, but I’m concerned they’re moving as much as they are. But I don’t think they’re going to do anything more than they are.”
- China has cut off defense and climate talks with the U.S. and imposed sanctions on Pelosi in retaliation for her visit.
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- The Growing Threat from North Korea
- “According to unclassified intelligence reports to Congress, there are five key Chinese banks and a specially created holding company that funds the North Korean missile and nuclear technology programs.” — Peter Huessy, Real Clear Defense, August 10, 2017.
- China’s main strategic concern when it comes to the Korean peninsula is apparently to end the US presence there
- North Korean escalation in the form of increased missile tests and resumption of ICBM and nuclear tests to pressure the US to make concessions — in the shape of troop withdrawals from South Korea — would play directly into the hands of China
- In short, American policymakers know how to get China to begin acting responsibly.” — Gordon G. Chang, Newsweek, May 10, 2021.
- The question now is — will the Biden administration muster the political will to designate those large Chinese banks under Section 311 of the Patriot Act?
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- China’s Xi Warns Biden Over Taiwan, Calls for Cooperation
- President Xi Jinping warned against meddling in China’s dealings with Taiwan during a phone call with his U.S. counterpart, Joe Biden, that gave no indication of progress on trade, technology or other irritants, including Beijing’s opposition to a top American lawmaker’s possible visit to the island democracy, which the mainland claims as its own territory.
- Meanwhile, Xi and Biden are looking at the possibility of meeting in person, according to a U.S. official who declined to be identified further. Xi has been invited to Indonesia in November for a meeting of the Group of 20 major economies, making it a potential location for a face-to-face meeting.
- The Chinese government gave no indication Xi and Biden discussed possible plans by U.S. House Speaker Nancy Pelosi to visit Taiwan
- But Xi rejected “interference by external forces” that might encourage Taiwan to try to make its decades-old de facto independence permanent.
- “Those who play with fire will perish by it.”
- Pelosi has yet to confirm whether she will go to Taiwan
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Revelations 18:23 ‘For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- U.S. Leading Economic Indicators Point to Recession Around Year’s End
- “The US LEI declined for a fourth consecutive month suggesting economic growth is likely to slow further in the near-term as recession risks grow,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board.
- “Consumer pessimism about future business conditions, moderating labor market conditions, falling stock prices, and weaker manufacturing new orders drove the LEI’s decline in June. The coincident economic index which rose in June suggests the economy grew through the second quarter. However, the forward-looking LEI points to a US economic downturn ahead.”
- A US recession around the end of this year and early next is now likely. Accordingly, we’ve downgraded our forecast of 2022 annual Real GDP growth to 1.7 percent year-over-year
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- Taiwan holds drills amid Pelosi visit concern, China tension
- Air raid sirens were sounded in the capital Taipei and the military was holding its annual multi-day Han Kuang drills, including joint air and sea exercises and the mobilization of tanks and troops.
- Pelosi has not confirmed when, or even if, she will visit, but President Joe Biden last week told reporters that U.S. military officials believed such a trip was “not a good idea.”
- In Taipei, police directed people to shelters when a siren went off shortly after lunchtime. Streets emptied and shops closed.
- Pelosi, long a sharp critic of Beijing, is second in line to the White House. She is viewed as a Biden proxy by China, which demands members of Congress follow the commitments made by previous administrations.
- U.S. law requires Washington provide Taiwan with the means to defend itself and treat all threats to the island as matters of “grave concern,” but remains ambiguous on whether it would commit forces in response to an attack from China.
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Revelations 18:23 ’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Families despair as America’s baby formula shortage again gets WORSE: Biden announces his 17th international delivery as out-of-stock numbers rise to highest level this year
- Biden administration announces 17th Operation Fly Formula Mission
- But U.S. stores still struggling to stock baby formula
- Formula availability dropped to its lowest level so far this year, with about 30% of products out of stock for the week ended July 3
- By July 24, Operation Fly Formula will have transported more than 61 million 8-ounce bottle equivalents to the U.S., the administration noted
- But that isn’t close to being enough as U.S. consumers usually buy enough powdered formula to make about 65 million 8-ounce bottles a week
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- Iran’s Military Warns U.S. Against Threats to Use Force
- The Iranian military warned the United States and Israel on Friday against threatening Iran with force, Iranian media reported, after U.S. President Joe Biden said he would use force as a last resort to prevent Tehran getting a nuclear weapon.
- “The Americans and Zionists (Israel) know very well the price for using the word ‘force against Iran,'” Brigadier General Abolfazl Shekarchi, spokesman for the Iranian armed forces, was quoted as saying by state media.
- “Biden must have been drowsy when he threatened Iran,” he said, adding, “Watch your soldiers’ pants – they might get wet in the Persian Gulf!”
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- Biden Backs 2-State Solution, Visits East Jerusalem Before Heading to Saudi Arabia
- For the first time, a US president visited East Jerusalem, sending a signal to Israel that part of the city could be the future capital of a Palestinian state. There, while visiting Augusta Victoria hospital, Biden pledged $100 million for Palestinian healthcare in East Jerusalem.
- Next, Biden headed to Bethlehem to meet with Palestinian President Mahmoud Abbas and advocated for a two-state solution to the Israeli-Palestinian conflict. However, he made no promises for renewed peace talks between Israelis and Palestinians, saying the ground is “not ripe” for negotiations.
- After Israel comes from perhaps the most challenging part of his Mideast trip. The president going to Saudi Arabia, a country he once called a “pariah” due to its human rights record and connections to the murder of journalist Jamal Khashoggi.
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Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.
Important Takeaways:
- ISRAELI GOVT SLAMMED BY RIGHT FOR MAKING LAND CONCESSIONS FOR BIDEN, LEFT CALLS FOR MORE
- In preparation for President Biden’s visit to the region, the Israeli government made sweeping concessions to the Palestinian Authority. These concessions, intended to appease the Biden administration, which had reestablished relations with the PA and Hamas and is pushing for a two-state solution, angered the right-wing (as was anticipated) and the left-wing, and the Arabs.
- It is now evident that they agreed to more than security arrangements. On Tuesday, the Office of the Coordinator of Government Activities in the Territories (COGAT) gave “approval of six zoning plans for Palestinians in the Judea and Samaria area,” Major General Rassan Alian stated
- In addition, Israel agreed to an additional 1,500 worker permits for Palestinians in Gaza, bringing the number of those who can hold jobs and engage in commerce in Israel to 15,000.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- US Inflation Reached a New 40-year High in June of 9.1%
- Consumer prices soared 9.1% compared with a year earlier, the government said Wednesday, the biggest 12-month increase since 1981, and up from an 8.6% jump in May. On a monthly basis, prices rose 1.3% from May to June, another substantial increase, after prices had jumped 1% from April to May.
- In addition, shipping costs and commodity prices have begun to fall. Pay increases have slowed.
- For now, the relentless spike in inflation has caused a steep drop in consumers’ confidence in the economy, sent President Joe Biden’s approval ratings tumbling, and posed a major political threat to Democrats in the November congressional elections.
- Housing, in particular, has been seized by some of the highest inflation rates in the economy, causing hardships for many.
- The national median home price jumped 14.8% in May from a year earlier to $407,600.
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